Wrap Text
Reviewed interim results for period 30 September 2021 and dividend declaration
Marshall Monteagle PLC
(Incorporated in Jersey)
(Registration number: 102785) Marshall Monteagle PLC
(External registration number: 2010/024031/10)
JSE Code: MMP ISIN: JE00B5N88T08
(“the Company” or “the Group”)
Reviewed condensed interim consolidated financial statements for the 12 months ended 30
September 2021 and dividend declaration
Introduction
The Company holds portfolios of leading investments in the U.S.A., U.K., Europe and the Far East as well as
commercial properties in the U.S.A. and South Africa. The Group’s import and distribution businesses
operate internationally, and in South Africa it has interests in food processing and logistics.
Headlines
• Group revenue from continuing operations increased 18.1% to US$132,945,000 compared to the revenue
from continuing operations for the same period last year. In constant currency terms revenue on
continuing operations increased by 12.1% to US$126,126,000.
• Profit after tax on continuing operations for the period was US$3,911,000, compared to a loss after tax of
US$330,000 for the same period last year. In constant currency terms, the profit was US$3,871,000.
• Headline earnings per share were US$7.1 cents per share compared to loss of US$2.5 cents per share in
the same period last year.
• Basic earnings per share were US$4.9 cents compared to US$1 cent per share in the same period last
year.
• A second interim dividend of US$1.9 cents per share will be paid on Friday, 21 January 2022 (30
September 2020 – US$1.9 cents).
• Net assets per share are US$2.44. Net assets per share have increased by 5.2% from the 30 September
2020 figure of US$2.32 per share.
Dividend declaration
The Board is pleased to announce that the Company has declared an interim gross dividend of US$1.9 cents
(30.13647 South African cents) per share for the twelve-month period ended 30 September 2021. The
dividend is payable on Friday, 21 January 2022 to shareholders on the register at the close of business on
Friday, 14 January 2022.
Salient dates for dividend
Last day to trade Tuesday, 11 January 2022
Shares trade ex-dividend Wednesday, 12 January 2022
Record date (date shareholders recorded in books) Friday, 14 January 2022
Pay date Friday, 21 January 2022
Shareholders on the South African register will receive their interim dividend in South African Rand converted
from US dollars at the closing rate of exchange on Friday, 17 December 2021. Shareholders are hereby
advised that the exchange rate to be used will be USD 1 = ZAR 15.8613. This has been calculated as the
average of the bid/ask spread at 16.00 (United Kingdom time) being the close of business on 17 December
2021.
In respect of the normal gross cash dividend of US$1.9 cents (30.13647 South African cents), and in terms of
the South African Tax Act, the following dividend tax ruling only applies to those shareholders who are
registered on the South African register at close of business on Friday, 14 January 2022. All other
shareholders are exempt.
The dividend withholding tax rate is 20% resulting in a net dividend of US$1.52000 cents (24.10918 South
African cents) per share to those shareholders who are not exempt from the dividend withholding tax.
The dividend has been declared from income reserves, which funds are sourced from the Company’s main
bank account in Switzerland and is therefore deemed a foreign dividend.
The issued number of shares at the declaration date is 35,857,512. The Company’s Jersey tax number is
CH4513/TIN 101-580-5936.
No dematerialisation or re-materialisation of share certificates, nor transfer of shares between the registers in
Jersey and South Africa will take place between Wednesday, 12 January 2022 and Friday, 14 January 2022,
both dates inclusive.
Review conclusion
The interim results for the 12 months ended 30 September 2021, have been reviewed by the Company’s
external auditor Grant Thornton Limited in accordance with International Standard on Review Engagements
2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity (“ISRE
2410”). The unmodified review conclusion is available on request from the Company Secretary at the following
email address – monteagle@city-group.com
Full Announcement
This short-form announcement is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement which is available for viewing on the following website:
JSE website: https://senspdf.jse.co.za/documents/2021/jse/isse/mmp/mmp2021.pdf
Any investment decision should be based on consideration of the full announcement, copies of which are
available for inspection, at no charge, at the addresses set out below:
Registered Office Company Secretary South Africa
2nd Floor, 66-72 Esplanade City Group PLC 11 Sunbury Park
Gaspé House 1 Ely Place La Lucia Ridge Office Estate
St Helier London La Lucia
Jersey EC1N 6RY 4051
JE1 1 GH
By order of the Board:
CITY GROUP PLC
Company Secretary
21 December 2021
London
JSE Sponsor to the Company
Questco Corporate Advisory Proprietary Limited
Date: 21-12-2021 05:28:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
