KAP INDUSTRIAL HOLDINGS LIMITED - Audited Results for the Year Ended 30 June 2019

Audited Results for the Year Ended 30 June 2019

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1978/000181/06)
Share Code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)



AUDITED# RESULTS FOR THE YEAR ENDED 30 JUNE 2019




1.   SALIENT FEATURES

     From continuing operations
     Revenue increased by 12% to R25 602 million, from R22 813 million in the prior
     corresponding period.

     Operating profit before capital items decreased by 13% to R2 527 million, from
     R2 901 million in the prior corresponding period.

     Headline earnings per share (“HEPS”) decreased by 25% to 45.9 cents per share, from
     61.6 cents per share in the prior corresponding period.

     Earnings per share (“EPS”) decreased by 31% to 41.4 cents per share, from 59.6 cents
     per share in the prior corresponding period.

     From continuing and discontinued operations
     Revenue increased by 12% to R25 765 million, from R23 038 million in the prior
     corresponding period.

     Operating profit before capital items decreased by 14% to R2 445 million, from
     R2 842 million in the prior corresponding period.

     HEPS decreased by 28% to 42.9 cents per share, from 59.8 cents per share in the prior
     corresponding period.

     EPS decreased by 34% to 38.3 cents per share, from 57.7 cents per share in the prior
     corresponding period.

     Net asset value per share (“NAVPS”) increased by 4% to 474 cents per share, from
     454 cents per share in the prior corresponding period.

     Dividend per share (“DPS”) at 23 cents per share, unadjusted from the prior
     corresponding period.

     Dividend timetable
     The timetable in respect of the dividend declared by the board for the financial year ended
     30 June 2019 is as follows:
     Day                                     Event
     Tuesday, 20 August 2019                 Distribution declared in the form of a dividend
     Tuesday, 17 September 2019              Last day to trade
     Wednesday, 18 September 2019            Shares trade ex dividend
     Friday, 20 September 2019               Date to be recorded in the register to receive
                                             the dividend
     Monday, 23 September 2019               Payment date

     Share certificates may not be dematerialised or rematerialised between Wednesday,
     18 September 2019 and Friday, 20 September 2019.

     In terms of the taxation on dividends and the amendments to section 11.17 of the JSE
     Listings Requirements, the following additional information is disclosed:

     (1) Local dividend tax rate is 20%.
     (2) Dividends are to be paid from income reserves.
     (3) The withholding tax, if applicable at the rate of 20%, on a dividend of 23 cents per
         share, will result in a net cash dividend per share of 18.4 cents.
     (4) The issued ordinary share capital of KAP Industrial Holdings Limited is 2 704 137 238
         shares at 20 August 2019.
     (5) KAP Industrial Holdings Limited’s tax reference number is 9999/509/71/5.
     (6) KAP Industrial Holdings Limited’s registration number is 1978/000181/06.
#
 Extracted financial information from the audited results for the year ended 30 June 2019.
This short-form announcement has not been audited or reviewed.

2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company.
     It contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:
     https://senspdf.jse.co.za/documents/2019/JSE/ISSE/KAP/Year-end19.pdf

     Copies of the Full Announcement are also available for viewing on the Company’s
     website at https://www.kap.co.za/wp-content/uploads/2019/08/kap-audited-results-for-
     the-year-ended-30-june-2019.pdf or may be requested in person, at the Company’s
     registered office or the office of the sponsor, at no charge, during office hours.
     Any investment decisions by investors and/or shareholders should be based
     on consideration of the Full Announcement, as a whole.



20 August 2019

Sponsor

PSG Capital

Date: 20/08/2019 11:54:00
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