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Audited Summary Financial Statement And Dividend Declaration For The Year Ended 28 February 2021
CAPITEC BANK HOLDINGS LIMITED
Registration number: 1999/025903/06
Registered bank controlling company
Incorporated in the Republic of South Africa
JSE ordinary share code: CPI
ISIN code: ZAE000035861
JSE preference share code: CPIP
ISIN code: ZAE000083838
(“Capitec” or “the company” or “the group”)
AUDITED SUMMARY FINANCIAL STATEMENTS AND DIVIDEND DECLARATION FOR
THE YEAR ENDED 28 FEBRUARY 2021
1. SALIENT FEATURES
Operating profit before tax decreased by 31% to R5.59 billion, from R8.06 billion in the
prior year.
Headline earnings per share decreased by 27% to 3 966 cents per share, from 5 428
cents per share in the prior year.
Earnings per share decreased by 29% to 3 850 cents per share, from 5 400 cents per
share in the prior year.
Total dividends per share increased by 112% to 1 600 cents per share, from 755 cents
per share in the prior year.
The net asset value (total equity) increased by 17% to R29.9 billion, from R25.6 billion in
the prior year.
2. DIVIDEND
Capitec’s ordinary dividend policy is to pay out 40% of headline earnings. The South
African Reserve Bank published Guidance Note 3/2021 on 18 February 2021 expressing
the expectation that banks be prudent when declaring dividends. After considering the
adequacy of forecast capital and profitability levels, a final gross dividend of 1 600 cents
per ordinary share (2020: Rnil) was declared on 12 April 2021, bringing the total dividend
for the 2021 financial year to 1 600 cents per share (2020: 755 cents per share). There
are 115 626 991 ordinary shares in issue.
The final dividend meets the definition of a dividend in terms of the Income Tax Act, Act
58 of 1962. The gross dividend amount is 1 600 cents per share. The dividend amount,
net of South African dividend tax of 20%, is 1 280 cents per share. The distribution is
made from income reserves. Capitec’s tax reference number is 9405376840.
Last day to trade cum dividend - Tuesday, 4 May 2021
Trading ex-dividend commences - Wednesday, 5 May 2021
Record date - Friday, 7 May 2021
Payment date - Monday, 10 May 2021
Share certificates may not be dematerialised or rematerialised from Wednesday, 5 May
2021 to Friday, 7 May 2021, both days inclusive.
In terms of the company’s memorandum of incorporation, dividends will only be
transferred electronically to the bank accounts of certificated shareholders, as dividend
cheques are no longer issued. In instances where certificated shareholders do not provide
the transfer secretaries with their banking details, the dividend will not be forfeited, but will
be marked as ‘unclaimed’ in the dividend register until the shareholder provides the
transfer secretaries with the relevant banking details for payout.
3. SHORT-FORM ANNOUNCEMENT
The content of this announcement is derived from audited information, but is not itself
audited. 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/2021/JSE/ISSE/CPI/CPIFY21.pdf
The Full Announcement is also available for viewing on the company’s website at
https://www.capitecbank.co.za/globalassets/pages/investor-relations/financial-
results/2021/audited-results/CPIFY21.pdf . In addition, electronic copies of the Full
Announcement may be requested and obtained, at no charge, from the company at
InvestorRelations@capitecbank.co.za and from PSG Capital.
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
PricewaterhouseCoopers Inc. and Deloitte & Touche expressed an unmodified audit
opinion on the audited consolidated financial statements in their report dated 13 April
2021. The report also includes communication of key audit matters. Key audit matters are
those matters that, in their professional judgement, were of most significance in their audit
of the consolidated financial statements of the current period. The full report and the full
audited consolidated financial statements are available on the company’s website at
https://www.capitecbank.co.za/globalassets/pages/investor-relations/financial-
results/2021/annual-report/integrated_annual_report_2021.pdf
4. RESULTS PRESENTATION
Shareholders are reminded that Capitec will be hosting a virtual presentation at 08:00 am
SAST on Tuesday, 13 April 2021 to present the results to investors.
Presentation details:
- View and listen mode
Links: https://www.capitecbank.co.za/investor-relations/financial-results/2021/ or
https://youtu.be/A7g8d_wHJJk
- Presentation slides will be available prior to the presentation at:
https://www.capitecbank.co.za/globalassets/pages/investor-relations/financial-
results/2021/audited-results/results_presentation_2021.pdf
Questions and Answers (“Q&A”) facility:
- A Q&A facility will be available during and after the presentation
- E-mail questions during or after the presentation to:
InvestorRelations@capitecbank.co.za
13 April 2021
Sponsor
PSG Capital
Date: 13-04-2021 07:05:00
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