Primeserv Group Limited
Incorporated in the Republic of South Africa Registration number: 1997/013448/06 Share code: PMV ISIN: ZAE000039277 ("Primeserv" or "the company")
Reviewed results for the year ended 31 March 2022
Final gross dividend Up 240%
6.00 cents per share
Revenue up 5% R777.1 million
Operating profit up 210%*
R18.9 million
Earnings per share up 96%*
20.86 cents
Headline earnings per share up 52%*
20.86 cents
Net asset value per share up 9%*
221 cents
* Percentage changes based on restated 2021 financials
DIVIDEND
Notice is hereby given that a final gross cash dividend of 6.00 cents per share (2021: final gross dividend of 2.50 cents per share) for the year ended 31 March 2022 was declared on Friday, 15 July 2022, payable to shareholders recorded in the share register of the company at the close of business on the record date appearing below. The salient dates pertaining to the final dividend are as follows:
Last date to trade "cum" dividend | Tuesday, 30 August 2022 |
Date trading commences "ex" dividend | Wednesday, 31 August 2022 |
Record date | Friday, 02 September 2022 |
Date of payment | Monday, 05 September 2022 |
Ordinary share certificates may not be dematerialised or rematerialised between Wednesday, 31 August 2022 and Friday, 02 September 2022, both days inclusive.
Shareholders who are not exempt from the Dividend Withholding Tax of 20% will therefore receive a net dividend of 4.80 cents per share. The company has 120 217 525 ordinary shares in issue and its income tax reference number is 9408/002/71/6. The dividend is being paid out of income reserves. Shareholders are further advised that the dividend declared is the final dividend for the year ended 31 March 2022.
All times provided in this announcement are South African local times.
Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders' bank accounts on the payment date. Ordinary shareholders who hold dematerialised shares will have their accounts credited at their Central Securities Depository Participant (CSDP) or broker on Monday, 05 September 2022.
The results have been reviewed by the company's auditors, RSM South Africa Inc. Their unqualified review opinion is available for inspection on the company's website, at www.primeserv.co.za/investor-relations. Their review was conducted in accordance with ISRE 2410 "Review of interim financial information performed by the independent auditor of the entity".
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. This short-form announcement has not been reviewed or audited by the company's auditors, RSM South Africa Inc. The full announcement was released on SENS on 15 July 2022 and is also available on the company's website at www.primeserv.co.za and at https://senspdf.jse.co.za/documents/2022/jse/isse/PMV/Yearend22.pdf.
The full announcement is available for inspection on the company's website or may be requested from the company's registered office and the company's sponsor during office hours at no charge. Any investment decision should be based on the contents of the full announcement published on SENS and on the company's website.
By order of the Board
DL Rose | M Abel | R Sack |
Chairperson | CEO | FD |
15 July 2022 | ||
Illovo, Sandton |
Directors:
DL Rose* (Chairperson)
M Abel (CEO)
B Kali#
LM Maisela*
KM Matjila*
R Sack (FD)
-
Independent non-executive
# Non-executive
Registered address: 25 Rudd Road Illovo
Sandton 2196
Company secretary:
ER Goodman Secretarial Services (Pty) Ltd
Transfer secretaries:
JSE Investor Services (Pty) Ltd 13th Floor
19 Ameshoff Street Braamfontein 2001
Auditors:
RSM South Africa Inc. Executive City
Cross Street and Charmaine Avenue President Ridge
Randburg 2194
Sponsor:
Grindrod Bank Limited 4th Floor Grindrod Towers 8A Protea Place Sandton
2196
E-mail: productivity@primeserv.co.za
www.primeserv.co.za
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Disclaimer
Primeserv Group Limited published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 16:03:08 UTC.