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INVICTA HOLDINGS LIMITED - Audited annual consolidated results for the year ended 31 March 2021

Release Date: 28/06/2021 09:00
Code(s): IVT IVTP     PDF:  
Wrap Text
Audited annual consolidated results for the year ended 31 March 2021

Invicta Holdings Limited and its subsidiaries 
(Incorporated in the Republic of South Africa)
Registration number 1966/002182/06 
Share code: IVT   ISIN: ZAE000029773
Preference share code: IVTP   ISIN: ZAE000173399 
("Invicta" or "the Company" or "the Group")  


To view the full announcement please visit our website at www.invictaholdings.co.za   

Audited annual consolidated results for the year ended 31 March 2021  
                                                                          31 March        31 March
                                                                              2021            2020
FINANCIAL SUMMARY                                                                         Restated   % Change
Shareholder's Equity                                             R'000   4 726 088       4 634 517          2   
Revenue*                                                         R'000   6 251 484       6 873 907       (9.1)   
Profit/(loss) for the year from continuing operations*           R'000     296 839        (667 940)     144.4   
Profit/(loss) for the year                                       R'000     376 072        (673 297)     155.9   
Basic earnings/(loss) per share from continuing operations*      cents         212            (707)       130   
Basic earnings/(loss) per share                                  cents         285            (712)       140   
Headline earnings/(loss) per share from continuing operations*   cents         172             (82)     309.8   
Headline earnings per share                                      cents         316              58      444.8   
Net asset value per ordinary share                               cents       3 566           3 580       (0.4)   
Dividend per share^                                              cents          60               -        100   

*  Prior year results have been restated for the CEG agricultural and earthmoving divisions and Kian Ann,
   which have been recognised as discontinued operations in the current year.
^  The Board has approved a final dividend of 60 cents following the good cash flow generation that has reduced 
   the gearing of the Group significantly. 

The audited annual consolidated financial statements have been audited by Ernst & Young Inc., who expressed an
unmodified audit opinion. A copy of the auditor's report including the key audit matters is available for inspection 
at the Company's registered office, together with the financial statements identified in the auditor's report, as 
well as on the Company's website at www.invictaholdings.co.za

This short-form announcement is the responsibility of the directors and is only a summary of the information in the
full announcement and does not contain full or complete details. Any investment decisions should be based on the 
full announcement that has been published on SENS at https://senspdf.jse.co.za/documents/2021/jse/isse/IVT/YE2021.pdf
and is also available on our website www.invictaholdings.co.za.

Copies of the full announcement may be requested from the company secretary at info@invictaholdings.co.za.

Ordinary share cash dividend
Notice is hereby given that the Directors of the Company have declared a gross cash dividend of 60 cents per
ordinary share for the year ended 31 March 2021. Dividends are to be paid out of distributable reserves. Dividend
tax (DT) of 20% will be withheld in terms of the Income Tax Act for those shareholders who are not exempt from DT. 
In accordance with paragraphs 11.17(1)(i) and 11.17(c) of the JSE Listings Requirements, the following additional
information is disclosed:

  -  The gross local dividend amount is 60 cents per ordinary share for shareholders exempt from the Dividend Tax;
  -  The net local dividend amount is 48 cents per ordinary share for shareholders liable to pay the Dividend Tax;
  -  Invicta Holdings Limited has 111 494 738 ordinary shares in issue (which includes 1 541 823 treasury shares); and
  -  Invicta Holdings Limited's income tax reference number is 9400/012/03/06.

The salient dates for the ordinary share cash dividend will be as follows:
Last day of trade to receive a dividend                                                 Tuesday, 27 July 2021
Shares commence trading "ex" dividend                                                 Wednesday, 28 July 2021
Record date                                                                              Friday, 30 July 2021
Payment date                                                                            Monday, 2 August 2021

Share certificates may not be dematerialised or rematerialised between Wednesday, 28 July 2021 and Friday,
30 July 2021, both days inclusive.

By order of the board

STEVEN JOFFE                                                                        NAZLEE RAJMOHAMED
Chief Executive Officer                                                             Group Financial Director

Approval: 24 June 2021 Release: 28 June 2021

Invicta Holdings Limited                                         
Registered office:                                               
3 Droste Cresent, Droste Park,                                   
Johannesburg, Gauteng, 2094                                      
                                                                 
Transfer secretaries:                                            
Computershare Investor Services Proprietary Limited,             
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196              
                                                                 
Directors:
Dr CH Wiese* (Chairman), S Joffe (CEO), C Barnard,
GM Pelser, N Rajmohamed, LR Sherrell*, AM Sinclair, 
RA Wally^, Adv JD Wiese*, PM Makwana^, I Van Heerden*, 
F Davidson^

* Non-executive    ^ Independent non-executive

Sponsor:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 28-06-2021 09:00:00
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