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Short Form Announcement - Unaudited Interim Results for the Period Ended 28 February 2021 and Dividend Declaration
AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1996/00609306
Share Code: AEEI and ISIN ZAE00001975731
(“AEEI” or “the Group” or “the Company”) – A SEKUNJALO GROUP COMPANY
SHORT FORM ANNOUNCEMENT - UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR
THE PERIOD ENDED 28 FEBRUARY 2021 AND INTERIM DIVIDEND DECLARATION
FINANCIAL HIGHLIGHTS
29 %
28 February February Change
2021 2020
R’000 R‘000
Revenue 1 171 203 1 614 098 (27.44)
Net cash utilised in operating (250 375) (138 909) 80.24
activities
(Loss)/profit before tax (28 209) 138 926 (120.31)
Earnings per share (cents) (12.33) 24.04 (151.29)
Headline earnings (32 610) 60 402 (153.99)
Headline earnings per share (cents) (6.64) 12.30 (153.99)
Normalised headline earnings (6 368) 108 565 (105.87)
Normalised headline earnings per share (1.30) 22.11 (105.87)
(cents)
Net asset value per share (cents) 1 195.81 1 310.98 (8.79)
Total assets 6 878 097 7 496 249 (8.25)
Gross interim dividend (cents) 30 10 200.00
Interim gross dividend to shareholders 147 307 49 102 200.00
Normalised earnings were calculated as follows:
28 February 29
2021 February
R’000 2020
R’000
Headline earnings (32 610) 60 402
Fair value adjustments (46 696) 30 296
Deferred tax on fair value adjustments 10 461 (6 787)
Net impairments, impairment reversals and write- 62 477 24 654
offs
Normalised headline earnings (6 368) 108 565
DECLARATION OF CASH DIVIDEND
R’000
Dividend declared after reporting date 147 307
Gross Dividends per share (cents) 30
Notice is hereby given that an interim gross dividend of 30 cents per share has
been declared out of income reserves in respect of ordinary shares of no-par
value for the period ended 28 February 2021.
The interim dividend amount, net of South African dividend tax of 20% which
equates to 6 cents per share, will be 24 cents per share for those shareholders
that are not exempt from dividend tax.
The number of ordinary shares in issue at declaration date is 491 022 434 and
the income tax number of the Company is 9 314 001 034.
The salient dates of this dividend distribution are:
Gross dividend per share (cents) 30
Dividend net of dividend withholding tax (cents) 24
Last day to trade cum dividend Monday, 14 June 2021
Trading ex-dividend commences Tuesday, 15 June 2021
Record date Friday, 18 June 2021
Date of payment Monday, 21 June 2021
Share certificates may not be dematerialised or rematerialised between Tuesday,
15 June 2021 and Friday, 18 June 2021, both days inclusive.
STATEMENT OF COMPLIANCE AND BASIS OF PREPARATION
This short-form announcement contains only a summary of the information in the
full announcement, does not contain the full and complete details and is the
responsibility of the directors.
Shareholders are hereby advised that AEEI’s condensed unaudited consolidated
results for the period ended 28 February 2021 are available on AEEI’s website
and can be viewed at:
https://senspdf.jse.co.za/documents/2021/jse/isse/aee/SENS LF.PDF or may be
requested from the company via damien@aeei.co.za or obtained in person, at no
charge, at the registered office of the company or the offices of the joint
sponsors during business hours. Any investment decisions by investors and/or
shareholders should be based on consideration of the full announcement.
APPRECIATION
We wish to thank our employees, Group executives, management, our Board of
directors as well as our strategic partners, stakeholders and business partners
for their loyalty and dedication in contributing to the success of the Group.
Mrs Aziza Amod Mrs Valentine Dzvova
Non-executive chairperson Chief executive officer
27 May 2021
DIRECTORATE AND STATUTORY INFORMATION
Directors
*Valentine Dzvova (chief executive officer); Aziza Amod (non-executive
Chairman); *Jowayne Van Wyk (chief financial officer); Gaamiem Colbie; Willem
Raubenheimer; Bongikhaya Qama
*Executive directors
Company Secretary: Damien Terblanche
Email: damien@aeei.co.za
Business Address 1st Floor, Waterway House North, 3 Dock Road, Victoria and
Alfred Waterfront, Cape Town, 8001
Transfer secretaries: JSE Investor Services Proprietary Limited. 13th Floor, 19
Ameshoff Street, Braamfontein, Johannesburg, 2004
Joint Sponsors: Vunani Sponsors Proprietary Limited
Vunani House, Vunani Office Park, 151 Katherine Street,
Sandown, Johannesburg, 2196
Merchantec Capital
13th Floor, lllovo Point,68 Melville Road, lllovo, 2196
Date: 27-05-2021 05:40:00
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