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LONDON FINANCE & INVESTMENT GROUP PLC - Interim results and dividend declaration

Release Date: 18/02/2022 16:30
Code(s): LNF     PDF:  
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Interim results and dividend declaration

London Finance & Investment Group PLC
(Incorporated in England with registered number
201151)
LSE code: LFI                                        
JSE code: LNF
ISIN: GB0002994001
(“London Finance”)


Unaudited Interim Results for the six months ended 31st December 2021 and interim dividend
declaration

Introduction to the Company

London Finance & Investment Group PLC (LSE: LFI, JSE: LNF), the investment company whose assets
primarily consist of Strategic Investments and a General Portfolio, today announces its unaudited
Interim Results for the 6 months ended 31 December 2021 and the Board’s Dividend Declaration.

                                                           %
                                                                     December 2021     December 2020
                                                        Change

    Revenue (GBP £'000)                                        5.6          437,000             414,000

    Profit before income tax (GBP £’000)                    33.8            561,000             848,000

    Headline earnings for the period (GBP £'000)            43.3            379,000             669,000

    Headline earnings per ordinary share (GBP
    pence)                                                  42.9                1.2p               2.1p

    Earnings per ordinary share (BGP pence)                 42.9                1.2p               2.1p

    Dividends per ordinary share (GBP pence)                   nil             0.55p              0.55p



Interim Dividend

The Board recommends an interim gross dividend of 0.55p per share (11.25620 SA cents) (2020: 0.55p)
which will be paid on Thursday 24 March 2022 to those members registered at the close of business
on Friday, 11 March 2022 (SA and UK). Shareholders on the South African register will receive their
dividend in SA Rand converted from sterling at the closing rate of exchange on Monday 14 February
2022, being GBP 1 = SA Rand 20.4658.

JSE Disclosure Requirements

In respect of the normal gross cash dividend, 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
on Friday, 11 March 2021. All other shareholders are exempt.

•     The number of shares in issue now and as at the interim dividend declaration date is 31,207,479;
•     The interim gross dividend is 11.25620 SA cents;
•     The interim net dividend is 9.00496 SA cents;
•     The dividend has been declared from income reserves, which funds are sourced from the
      Company’s main bank account in London and is regarded as a foreign dividend by South African
      shareholders; and
•     The Company’s UK Income Tax reference number is 948/L32120.


Dividend dates:
 Last day to trade (SA)                                                         Tuesday 8 March 2022

 Shares trade ex-dividend (SA)                                               Wednesday 9 March 2022

 Shares trade ex-dividend (UK)                                                Thursday 10 March 2022

 Record date (SA and UK)                                                         Friday 11 March 2022

 Dividend Payment date                                                        Thursday 24 March 2022



The JSE Listing Requirements require disclosure of additional information in relation to any dividend
payments.



Shareholders registered on the South African register are advised that the dividend withholding tax will
be withheld from the gross final dividend amount of 11.25620 SA cents per share at a rate of 20%
unless a shareholder qualifies for an exemption; shareholders registered on the South African register
who do not qualify for an exemption will therefore receive a net dividend of 9.00496 SA cents per share.
The dividend withholding tax and the information contained in this paragraph is only of direct application
to shareholders registered on the South African register, who should direct any questions about the
application of the dividend withholding tax to Computershare Investor Services (Pty) Limited in South
Africa. Tel: +27 11 370 5000.



Share certificates may not be de-materialised or re-materialised between Wednesday, 9 March 2022
and Friday, 11 March 2022, both dates inclusive. Shares may not be transferred between the registers
in London and South Africa during this period either.

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/2022/jse/isse/lojm/lnf2022.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 on work-days during business
hours, at no charge:


On behalf of the Board


United Kingdom
18 February 2022



JSE Sponsor to London Finance




Questco Corporate Advisory Proprietary Limited

Date: 18-02-2022 04:30:00
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