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PSG GROUP LIMITED - Unaudited Financial Results For The Six Months Ended 31 August 2021
2021/10/14 07:10:00Download PDF Stock report
Unaudited Financial Results For The Six Months Ended 31 August 2021 PSG GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1970/008484/06) JSE Limited share code: PSG ISIN code: ZAE000013017 LEI code: 378900CD0BEE79F35A34 (“PSG Group” or “the Company”) UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2021 1. SALIENT FEATURES • At 31 August 2021, PSG Group’s – o Net asset value per share was R110,09, representing an increase of 50% and 20% when compared to the net asset value per share of R73,27 and R91,76 as at 31 August 2020 and 28 February 2021, respectively; and o Sum-of-the-parts (“SOTP”) value per share was R110,50, representing an increase of 17% when compared to the R94,24 per share as at 28 February 2021. • At 8 October 2021, PSG Group’s SOTP value per share was R112,13. • For the six months ended 31 August 2021, PSG Group’s – o Headline earnings per share amounted to R18,04 (2020: loss of R14,14) and fair value gains on investments at fair value through profit or loss amounted to R3,4bn (2020: loss of R5,2bn); and o Earnings per share amounted to R18,04 (2020: R118,62), with the comparative period having been impacted by one-off gains pursuant to the Capitec unbundling and PSG Group’s change in status to that of an investment entity in accordance with International Financial Reporting Standards. • PSG Group’s policy is to pay ad hoc dividends as and when deemed appropriate. The directors have resolved to not declare an ad hoc interim dividend for the six months ended 31 August 2021 (2020: 164 cents per share). 2. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement and does not contain full or complete details. The full announcement can be found at: https://senspdf.jse.co.za/documents/2021/JSE/ISSE/PSG/PSGHY22.pdf The full announcement is also available for viewing on the Company’s website at https://www.psggroup.co.za/UnauditedResultsAug2021.pdf or may be requested and obtained in person, at no charge, from the registered office of the Company or the Company’s sponsor during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement. The Company has based this short-form announcement on the financial results for the six months ended 31 August 2021, which have not been reviewed or audited by the Company’s auditor, Deloitte & Touche. 3. INTERIM RESULTS PRESENTATION Shareholders are invited to view PSG Group’s interim results presentation to be broadcast on YouTube at 10h00 SAST on Thursday, 14 October 2021. Presentation details: • View and listen mode; • Link: https://youtu.be/ZOFwHeGtq1w; • Presentation slides will be made available on PSG Group’s website shortly before the live broadcast of the presentation; • Questions may be e-mailed prior to and during the presentation to: questions@psggroup.co.za. Stellenbosch 14 October 2021 Sponsor PSG Capital Independent joint sponsor UBS South Africa Date: 14-10-2021 07:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.