To view the PDF file, sign up for a MySharenet subscription.

NU-WORLD HOLDINGS LIMITED - Year-end results, dividend declaration and notice of AGM

Release Date: 21/10/2020 16:00
Code(s): NWL     PDF:  
Wrap Text
Year-end results, dividend declaration and notice of AGM

NU-WORLD HOLDINGS LIMITED
Registration No. 1968/002490/06
(Incorporated in the Republic of South Africa)
JSE share code: NWL ISIN code: ZAE000005070
(“Nu-World” or “the Group” or “the Company”)

Preliminary reviewed consolidated annual results for the year ended 31 August 2020, dividend declaration and
notice of annual general meeting (“AGM”)

Introduction to the Nu-World Holdings Group

Nu-World is a company incorporated and domiciled in South Africa with subsidiaries in Australia, Brazil, Dubai, Hong
Kong and Lesotho. The main business of Nu-World and its subsidiaries includes the importing, assembling, marketing
and distribution of branded consumer goods.

Salient Features

                                                                                           Year ended     Year ended
                                                                                               31-Aug         31-Aug
                                                                                                  2020           2019
                                                                                                 R000           R000
 Total revenue                                                                              2 627 705      3 031 951
 Operating profit                                                                             205 562        226 313
 Profit attributable to equity holders of the company                                         132 736        163 272
 Basic earnings                                                                               132 736        163 272
 Headline earnings                                                                            136 707        163 149
 Basic earnings (cents per share)                                                                617,0          756,7
 Headline earnings (cents per share)                                                             635,5          756,1
 Weighted average number of ordinary shares (000)                                               21 513        21 577

 Cash generated from operations                                                               311 919         154 109

 Dividend proposed                                                                             44 245          65 309

The Board has pleasure in announcing a final gross dividend of 195,4 cents per ordinary share has been declared for
the year ended 31 August 2020. Dividends are subject to Dividends Withholding Tax. The payment date for the
dividend is Monday, 8 March 2021.

    -   Dividends have been declared out of profits available for distribution.
    -   Local Dividends Withholding Tax rate is 20%.
    -   The gross dividend amount is 195,4 cents per ordinary share.
    -   The net cash dividend amount is therefore 156,3 cents per ordinary share.
    -   The Company has 22 646 465 ordinary shares in issue as at the declaration date.
    -   The Company’s income tax reference number is 9100/085/71/2.

The salient dates pertaining to the final dividend are as follows:

Last date to trade ‘’cum’’ dividend                               Tuesday, 2 March 2021
Date trading commences ‘’ex’’ dividend                          Wednesday, 3 March 2021
Record date                                                         Friday, 5 March 2021
Date of payment                                                   Monday, 8 March 2021

Ordinary share certificates may not be dematerialised or rematerialised between Wednesday, 3 March 2021 and
Friday, 5 March 2021, both days inclusive.

Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders’ bank
accounts on the payment date. In the absence of specific mandates, dividend cheques will be posted to shareholders.
Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker credited on
Monday, 8 March 2021.




                                                                                                            Page 1 of 2
Annual report and notice of AGM

The 2020 Integrated Annual report and the notice of AGM will be mailed on 27 November 2020 to those shareholders
that are registered on the share register on Friday, 20 November 2020. The annual general meeting will take place at
10h00 on Wednesday, 10 February 2021, at the registered office of the Company. The last date to trade in order to be
eligible to participate in and vote at the AGM will be Tuesday, 2 February 2020 and the record date for purposes of
determining which shareholders of the Company are entitled to participate in and vote at the AGM will be Friday, 5
February 2021.

Auditor’s opinion

These condensed consolidated financial statements for the year ended 31 August 2020 have been reviewed by RSM
South Africa Inc., who expressed an unmodified review conclusion. A copy of the auditor’s review report is available for
inspection at the Company’s registered office together with the financial statements identified in the auditor’s report.

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 websites:

Company’s website:        http://www.nuworld.co.za
JSE website:              https://senspdf.jse.co.za/documents/2020/jse/isse/nwl/nwl2020.pdf

Any investment decision by investors and/or shareholders should be based on consideration of the full announcement,
copies of which are also available for inspection at our offices and our sponsor’s offices on workdays during business
hours, at no charge.


On behalf of the Board

J.A. Goldberg                                                               G.R. Hindle
Chief Executive Officer                                                     Financial Director


Johannesburg
21 October 2020




                                                                                                              Page 2 of 2

Date: 21-10-2020 04:00:00
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.

Share This Story