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Unaudited Consolidated Condensed Interim Results and Cash Dividend Declaration for the period ended 30 Sep 2024
eMedia Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/011249/06)
(Tax Reference number 9650144711)
Ordinary shares (share code: EMH ISIN: ZAE000208898) N ordinary shares (share code: EMN ISIN: ZAE000209524)
(eMedia Holdings or the Company or the Group)
Unaudited consolidated condensed interim results and cash dividend declaration for the period ended 30 September 2024
September 2024 September 2023 %
R000's R000's movement
Advertising revenue 1 222 831 1 141 576 7,1%
Other revenue 357 820 369 437 (3.1%)
Operating Profit 221 285 190 489 16,2%
Profit from the year from continuing operations 148 104 129 049 14,8%
Profit for the year 146 838 129 049 13,8%
Net asset value per share (cents) 651 604 7,8%
Basic Earnings/(Loss) per share (cents) 22,27 19,53 14,0%
Headline earnings/(loss) per share (cents) 22,42 19,50 14,9%
Dividend declared per share (cents) 14,00000 18,00000 (22,2%)
The Group has recorded improved results for the first six months of the new financial year. A sustained
discontinuation of loadshedding as well as the hopeful sentiment around the establishment of the Government
of National Unity has seen a positive impact on the rand and the economy as a whole. The prolonged break from
loadshedding has seen an increase in the number of eyeballs watching television which, in turn, has seen the
television advertising cake end higher than the prior year for the first time in a long time, excluding the
year after COVID-19. The only negative impact on the results were the higher than usual legal fees in relation
to the legal fight with MultiChoice which has now been settled, and the performance of Media Film Service which
has not yet recovered from the impact of the writers and actors strike in Hollywood.
The directors of eMedia Holdings have resolved to declare an interim cash dividend for the period ended
30 September 2024 of 14.00000 cents per share (2023: 18.00000 cents). The dividend to shareholders relates to
the ordinary shares (share code: EMH) and N ordinary shares (share code: EMN). The dividend will be subject to
a local dividend withholding tax at a rate of 20%, which will result in a net final dividend to those shareholders
not exempt from paying dividend withholding tax of 11.20000 cents per ordinary share and 14.00000 cents per ordinary
share for those shareholders who are exempt from dividend withholding tax. In terms of dividend withholding tax
legislation, any dividend withholding tax amount due will be withheld and paid over to the South African Revenue
Service by a nominee company, stockbroker or Central Securities Depository Participant (collectively "regulated
intermediary") on behalf of shareholders. All shareholders should declare their status to their regulated
intermediary as they may qualify for a reduced dividend withholding tax rate or exemption.
The salient dates for the payment of the dividend are as follows:
Last day to trade cum dividend: Tuesday, 10 December 2024
Commence trading ex dividend: Wednesday, 11 December 2024
Record date: Friday, 13 December 2024
Payment date: Tuesday, 17 December 2024
Share certificates may not be dematerialised nor rematerialised between Wednesday, 11 December 2024 and Friday,
13 December 2024 both dates inclusive.
No of Ordinary shares: 63 810 244 Thursday, 23 May 2024
No of N shares: 381 927 359 Thursday, 23 May 2024
The distribution above will be made from income reserves.
This short-form announcement is the responsibility of the directors and is only a summary of the information in the
full announcement and does not contain full or complete details. The information contained in these results has not
been reviewed and reported on by the Group's external auditors.
Any investment decision should be based on the full announcement, which can be found on the Company's website at
www.emediaholdings.co.za and also at the following link: https://senspdf.jse.co.za/documents/2024/jse/isse/EMNE/Interims.pdf
The full announcement is available at 4 Albury Road, Dunkeld West, Hyde Park, Johannesburg, 2196 and at the offices of the
sponsor, free of charge, to investors and/or shareholders, during office hours (09:00 to 17:00) from Monday to Friday.
For and on behalf of the board
Mahomed Khalik Sherrif Antonio Lee
Chief Executive Officer Financial director
Directors: JA Copelyn* (chairperson), MKI Sherrif (chief executive officer), AS Lee (financial director), TG Govender*,
Y Shaik*, VE Mphande*^, L Govender*^, RD Watson*^ (Lead Independent)
*Non-executive ^Independent
Company Secretary: HCI Managerial Services Proprietary Limited
Registered Office: 4 Albury Road, Dunkeld West, Hyde Park, Johannesburg, 2196, Private Bag X9944, Sandton, 2146
Sponsor: Investec Bank Limited, 100 Grayston Drive, Sandton, Sandown, 2196
Transfer Secretary: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue,
Rosebank, 2196
PO Box 61051, Marshalltown, 2107
Auditors: Forvis Mazars, Melrose Estate, 54 Glenhove Road, Randburg, 2196
PO Box 6997, Johannesburg, 2000
25 November 2024
Date: 25-11-2024 03:05:00
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