| Thu 6 Oct 2022, 10:15 | | VUNANI LIMITED - Unaudited Condensed Consolidated Interim Results for the six months ended 31 August 2022 |
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Unaudited Condensed Consolidated Interim Results for the six months ended 31 August 2022
VUNANI LIMITED
Incorporated in the Republic of South Africa
Registration number: 1997/020641/06
JSE code: VUN ISIN: ZAE000163382
Vunani” or “the company” or “the group”
UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTH-PERIOD ENDED 31
AUGUST 2022
- Revenue and premiums up 17% to R376.8 million
- Profit after tax flat at R39.4 million
- Earnings per share decreased to 20.3 cents (2021: 21.7 cents)
- Headline earnings per share decreased to 20.3 cents (2021: 21.7 cents)
- Interim dividend of 9.0 cents (2021: 6.5 cents)
Vunani’s earnings for the six-month period to 31 August 2022 was flat in comparison to the prior
period. The group generated total comprehensive income for the period of R39.8 million (2021:
R40.4 million), while total profit attributable to equity holders of the company amounted to R32.3
million (2021: R34.9 million)
The group's reporting segments include fund management, asset administration, insurance,
investment banking (advisory services and institutional securities broking).
DIVIDEND DECLARED
Notice is hereby given that a gross ordinary dividend of 9.0 cents per share has been declared out of
income reserves on 6 October 2022 and are payable to ordinary shareholders in accordance with the
following timetable.
In terms of dividend tax effective since 1 April 2012, the following additional information is
disclosed:
• The local Dividends Tax rate is 20%
• 161 155 915 shares are in issue
• The gross ordinary dividend is 9.00000 cents per share for shareholders exempt from paying
Dividends Tax
• The net ordinary dividend is 7.20000 cents per share for ordinary shareholders who are not
exempt from Dividends Tax
• Vunani Limited’s tax reference number is 9841003032
Timetable 2022
Declaration and finalisation date announcement Thursday, 6 October
Last day to trade cum dividend Tuesday, 8 November
Shares commence trading ex-dividend Wednesday, 9 November
Record date Friday, 11 November
Dividend payment date Monday, 14 November
No dematerialisation or rematerialisation of shares will be allowed for the period from Wednesday,
9 November 2022 to Friday, 11 November 2022, both dates inclusive.
Dividends are declared in the currency of the Republic of South Africa. The directors have confirmed
that the company will satisfy the liquidity and solvency requirements immediately after the payment
of the dividend.
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 full
announcement was released on SENS on 6 October 2022 and can be found on the company's
website at https://www.vunanilimited.co.za/investor-relations/financial-results/ and at
https://senspdf.jse.co.za/documents/2022/jse/isse/VUN/In2022.pdf
Copies of the full announcement may also be requested at the company's registered office, or the
office of the sponsor at no charge, during office hours.
Any investment decision should be based on the full announcement published on the company's
website.
By order of the board
Butana Khoza and Tafadzwa Mika
CEO and CFO
6 October 2022
CORPORATE INFORMATION
Executive directors
E Dube (Deputy Executive Chairman)
T Mika (Chief Financial Officer)
BM Khoza (Chief Executive Officer)
NM Anderson
Non-executive directors
LI Jacobs – independent chairman
NS Mazwi – independent
G Nzalo – independent
JR Macey – independent
S Mthethwa
M Golding
Company secretary
CIS Company Secretaries Proprietary Limited
Sponsor
Grindrod Bank Limited
Financial communications adviser
Singular Systems Proprietary Limited
Transfer secretaries
Computershare Investor Services Proprietary Limited
Date: 06-10-2022 10:15:00
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