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Financial Results for the six months ended 31 March 2023 and Dividend Declaration

Published: 2023-06-05 16:00:31 ET
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SYGNIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
Share code on the JSE and A2X: SYG
ISIN: ZAE000208815
(“Sygnia” or “the Company”)


FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2023 AND DIVIDEND DECLARATION


1.   Highlights
•    Assets under management and administration of R312.7 billion as at 31 March 2023 (31 March 2022: R295.3 billion), up
     5.9%.
•    Revenue of R408.6 million (31 March 2022: R397.4 million), up 2.8%.
•    Profit after tax of R138.4 million (31 March 2022: R139.1 million), down 0.5%.
•    Headline earnings per share of 91.8 cents (31 March 2022: 92.6 cents), down 0.9% and diluted headline earnings per
     share of 89.6 cents (31 March 2022: 89.9 cents), down 0.3%.
•    Interim dividend per share of 87.0 cents (31 March 2022: 80.0 cents), up 8.8%.


2.   Interim dividend
A gross dividend of 87.0 cents per share was declared on 5 June 2023 out of retained income, resulting in a net dividend of
69.6 cents per share for shareholders after dividends tax (DT).


In compliance with the JSE listings requirements, the following dates are applicable:
Last day to trade:                   Tuesday, 20 June 2023
Share trade ex-dividend: Wednesday, 21 June 2023
Record date:                         Friday, 23 June 2023
Payment date:                        Monday, 26 June 2023
Share certificates may not be dematerialised or rematerialized between Wednesday, 21 June 2023 and Friday, 23 June 2023,
both dates inclusive. Dividends declared after 31 March 2012 are subject to DT where applicable. In terms of DT, the
following additional information is disclosed:


The local DT rate is 20%.
The number of ordinary shares in issue at the date of this declaration is 150 585 489. Sygnia’s tax reference number is
9334/221/16/6.




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3.   Short-form announcement
The short form announcement is the responsibility of the directors and is only a summary of the information contained in the
condensed consolidated financial statements. This announcement does not include the information required pursuant to
paragraph 16A(j) of IAS 34. Any investment decisions by investors and/or shareholders should be based on consideration of
the condensed consolidated financial statements on the Company’s website (www.sygnia.co.za). Copies of the condensed
consolidated financial statements are available on request by emailing investorrelations@sygnia.co.za or the company’s
sponsor, JSESponsor@standardbank.co.za. The condensed consolidated financial statements can be accessed directly using
the following JSE link: https://senspdf.jse.co.za/documents/2023/jse/isse/syge/hy23.pdf


In addition, the full announcement is available for inspection, at no cost, at the registered office of the Company from Monday
to Friday between 08:00 and 17:00.

These condensed consolidated financial statements have been reviewed by the Company’s auditors, Mazars who expressed
an unmodified review conclusion thereon.




Cape Town
5 June 2023


Sponsor:
The Standard Bank of South Africa Limited




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