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Audited AFS, Cash Dividend or Scrip Alternative Declaration, IAR & Notice of AGM for the year ended 28 February 2026
Acsion Limited
Incorporated in the Republic of South Africa
(Registration number 2014/182931/06)
Share code: ACS ISIN: ZAE000198289
Listed on the General Segment of the Main Board
("Acsion" or "the Company")
AUDITED CONSOLIDATED ANNUAL FINANCIAL RESULTS, CASH DIVIDEND OR SCRIP
ALTERNATIVE DECLARATION, ANNUAL REPORT & NOTICE OF ANNUAL GENERAL MEETING
FOR THE YEAR ENDED 28 FEBRUARY 2026
KEY FINANCIAL HIGHLIGHTS
REVENUE
7% increase to R1.632 billion (2025: R1.525 billion)
EARNINGS PER SHARE
31% decrease to 285 cents per share (2025: 413 cents per share)
HEADLINE EARNINGS PER SHARE
23% increase to 171 cents per share (2025: 139 cents per share)
NET ASSET VALUE PER SHARE
8% increase to 3 227 cents (2025: 2 996 cents)
TOTAL PROPERTY PORTFOLIO
R14.921 billion (2025: 14.378 billion)
LOAN TO VALUE
Improved to 3% (2025: 7%)
FINAL DIVIDEND DECLARED
24 cents per share (2025: 22 cents per share)
DIVIDEND DECLARATION
On 29 June 2026, the board of directors declared a final gross dividend (no. 11) of 24 cents per ordinary
share in respect of the financial year ended 28 February 2026, payable out of income reserves to all
shareholders of Acsion Limited recorded in the register on the record date.
The dividend per share is calculated based on 394 959 976 shares in issue as at the date of this declaration
and therefore amounts to R94 790 394.24 in aggregate.
Shareholders will be entitled to elect to receive the dividend in the form of new Acsion ordinary shares (scrip
dividend alternative) in lieu of the cash dividend. The cash dividend is the default and will be paid to
shareholders unless they elect to receive the scrip dividend alternative.
The ratio at which new Acsion ordinary shares will be issued to shareholders electing the scrip dividend
alternative has been determined with reference to the 30-day trading volume weighted average price
("VWAP") of an Acsion ordinary share traded on the JSE for the 30 business days ended on 26 June 2026,
being the last business day prior to the date on which the board resolved to declare the dividend, less an
applicable discount, if any. The ratio and resulting entitlement will be confirmed in the finalisation
announcement to be released on the Stock Exchange News Service ("SENS") of the JSE in due course.
The final net dividend amount, excluding South African dividend tax of 20%, which equates to 4.80 cents, is
19.20 cents per share for those shareholders that are not exempt from dividend tax.
Acsion's income tax reference number is 9794017161.
A circular containing full details of the scrip dividend alternative, including the applicable ratio, salient dates,
and terms and conditions, will be distributed to shareholders in due course, accompanied by the relevant
announcements on the SENS of the JSE.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting of shareholders of Acsion ("AGM"), which will be
held at the @Sandton Hotel, 5 Benmore Rd, Bedford Gardens, Johannesburg, 2196, on Wednesday, 12
August 2026 at 09:00 to consider and, if deemed fit, to pass with or without modification, the business stated
in the notice of the AGM ("Notice"), which is contained in the Integrated Report.
The salient information pertaining to the AGM is set
out below:
Issuer name Acsion Limited
Type of instrument Ordinary shares
ISIN number ZAE000198289
JSE code ACS
Meeting type Annual General Meeting
Meeting venue @Sandton Hotel
5 Benmore Rd, Bedford Gardens, Johannesburg
2196
Record date – to determine which shareholders are Friday, 19 June 2026
entitled to receive the Notice
Publication/Posting Date Tuesday, 30 June 2026
Last day to trade – to determine eligible Tuesday, 28 July 2026
shareholders that may attend, speak and vote at
the AGM
Record date – to determine eligible shareholders Friday, 31 July 2026
that may attend, speak and vote at the AGM
Meeting deadline date – forms of proxy for the 09:00 on Friday, 7 August 2025
AGM to be lodged, for administrative purposes
AGM date Wednesday, 12 August 2026
Results of AGM released on SENS on or before Friday, 14 August 2026
Website link https://www.acsionsa.co.za/
RESULTS ANNOUNCEMENT
Shareholders are advised that the integrated annual report for the year ended 28 February 2026 ("Integrated
Report"), incorporating the audited consolidated annual financial statements for the year ended 28 February
2026 ("2026 AFS"), was distributed to shareholders today, 30 June 2026, and is also available on the
Company's website at: https:// https://www.acsionsa.co.za/investor.
This results announcement is the responsibility of the board of directors of the Company ("Board"). This
results announcement does not include full or complete details of the 2026 AFS released on SENS on 30
June 2026. Any investment decision made by investors and/or shareholders should be based on a
consideration of the 2026 AFS as a whole. This announcement is unaudited and therefore not covered by
the audit report.
The 2026 AFS have been audited by the Company's auditor, Moore Johannesburg Inc., who expressed an
unmodified audit opinion thereon. The audit opinion, which is included in the 2026 AFS, is available on the
Company's website at: https:// https://www.acsionsa.co.za/investor and on the JSE's cloudlink at:
https://senspdf.jse.co.za/documents/2026/jse/isse/ACSE/ye26.pdf
The audited annual financial statements are available for inspection, at no charge, at the registered offices
of Acsion and its Sponsor, from 08:00 to 17:00 on business days. Copies of the Integrated Report can be
requested by emailing costa@anaprop.co.za.
H Zarca K Anastasiadis
Chairman Chief Executive Officer
Johannesburg
30 June 2026
Sponsor
Merchantec Capital
Date: 30-06-2026 05:49:00
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