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Annual Financial Results, Y/E 30 June 2023, Dividend, Distribution of IAR, BBBEE Certificate & Details of AGM
BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF ISIN number: ZAE000030797
SUMMARY OF CONSOLIDATED ANNUAL FINANCIAL RESULTS, DIVIDEND DECLARATION FOR THE YEAR
ENDED 30 JUNE 2023, DISTRIBUTION OF THE INTEGRATED ANNUAL REPORT, BROAD-BASED BLACK
ECONOMIC EMPOWERMENT (“B-BBEE”) COMPLIANCE REPORT AND DETAILS OF THE ANNUAL
GENERAL MEETING
KEY FEATURES
%
2023 Change 2022
Net asset value – R’mil 728.1 +3 704.3
Earnings – R’mil
Revenue 717.0 +7 673.1
Profit from operations 72.8 -27 100.0
Net profit before tax 92.4 -19 114.4
Net profit after tax 68.7 -17 82.7
Attributable to parent
Net profit after tax 68.7 -17 82.7
Total comprehensive income 68.7 -17 82.7
Earnings – cents per share
Earnings 99.0 -15 116.3
Headline earnings 103.0 -11 116.3
Dividends – cents per share
Final previous year paid 27.00 -16 32.00
Interim paid during year 15.80 -19 19.40
Special during year - -100 84.00
Final dividend declared 24.60 -9 27.00
Bowler Metcalfs' auditors, Mazars, have issued an unmodified audit opinion on the consolidated
and separate annual financial statements for the year ended 30 June 2023. The audit report is
included on the Company’s website, http://www.bowlermetcalf.co.za. Copies of the
consolidated and separate annual financial statements (together with the unmodified audit
report) will be available on the Company’s website or at the Company’s registered office from
5 September 2023, and the annual financial statements are also available through the JSE cloud
link.
DIVIDEND DECLARATION
A final gross cash dividend, as defined by the Income Tax Act, of 24.60 cents per share ("cps") for
the year ended 30 June 2023 (2022: 27.00 cps) has been declared and is payable to shareholders
on Monday, 30 October 2023. The last day to trade will be Tuesday, 24 October 2023, the ex-date
is Wednesday, 25 October 2023 and the record date will be Friday, 27 October 2023. Share
certificates may not be dematerialised or re-materialised between Wednesday, 25 October 2023
and Friday, 27 October 2023, both days inclusive.
This dividend will be made from income reserves. The gross dividend is 24.60 cps. Dividend
Withholding Tax (DWT) is 20%. The net local cash dividend to shareholders liable for DWT will
therefore be 19.68 cps. The directors confirm that the solvency and liquidity test is satisfied at the
date of this report.
The number of shares in issue (including treasury shares) at the date of declaration is 74 703 569.
The Income Tax reference number is 9775130710.
ANNUAL GENERAL MEETING
Notice is hereby given in terms of the Companies Act No 71 of 2008, as amended that the thirty
fifth Annual General Meeting (AGM) of shareholders of the Company will be held at the head
office of Bowler Metcalf, 15 Harris Drive, Ottery, 7800 at 09:00 on Tuesday, 7 November 2023. The
record date on which shareholders of the Company must be registered as such in the Company’s
securities register in order to attend and vote at the AGM is Friday, 27 October 2023. The last day
to trade in order to be eligible to vote at the AGM will accordingly be Tuesday, 24 October 2023.
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors and is only a summary of the
information in the annual financial statements and does not contain full or complete details. Any
investment decisions by investors and/or shareholders should be based on consideration of the
annual report released. The annual financial statements are available on the JSE cloud per below
and the annual report has been published on the Company's website at
http://www.bowlermetcalf.co.za/ on 5 September 2023.
The full announcement can be found at the following link:
https://senspdf.jse.co.za/documents/2023/JSE/ISSE/BCF/BCFAR2023.pdf
Copies of the annual report may be requested from the Company by sending an email to
aseptember@bowler.co.za, or may be inspected at the Company’s registered office and at the
offices of its sponsor, AcaciaCap Advisors, at no charge, during office hours on business days, by
phoning the Company during office hours on +27 21 704 2223 and at the offices of the Company’s
sponsor, at no charge, during office hours on business days.
B-BBEE Act ("the Act"): Annual Compliance Report
Shareholders are hereby notified that in accordance with paragraph 16.21(g) and Appendix 1 to
Section 11 of the JSE Listings Requirements, the Company’s Annual Compliance Report, in terms
of section 13G(2) of the Act, has been published and is available on the Company’s website,
www.bowlermetcalf.co.za
Prepared by: AC September CA (SA) 5 September 2023
Sponsor
AcaciaCap Advisors Proprietary Limited
Date: 05-09-2023 03:25:00
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