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Audited Annual Consolidated Results for the year ended 31 March 2023

Published: 2023-06-26 08:30:25 ET
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                Invicta Holdings Limited and its subsidiaries (“Invicta” or “the Company” or “the Group”)
                                      (Incorporated in the Republic of South Africa)
                       Registration number 1966/002182/06 | Share code: IVT | ISIN: ZAE000029773
                                    Preference share code: IVTP | ISIN: ZAE000173399

                          To view the full announcement please visit our website at www.invictaholdings.co.za


                              Audited annual consolidated results
                               for the year ended 31 March 2023
                                                                                                         31 March
FINANCIAL SUMMARY                                                                                     2023                  2022      % Change
Shareholder’s equity                                                             R’000         5 339 135             4 692 685                  13.8
Revenue                                                                          R’000         7 769 948             7 188 991                   8.1
Profit for the period                                                            R’000           587 245               906 146*                (35.2)
Profit for the period from continuing operations                                 R’000           587 245               520 816                  12.8
Basic earnings per share                                                          cents              481                   764*                (37.0)
Basic earnings per share from continuing operations                               cents              481                   408                  17.9
Headline earnings per share                                                       cents              488                   330                  47.9
Headline earnings per share from continuing operations                            cents              488                   343                  42.3
Net asset value per ordinary share                                                cents            4 634                 3 765                  23.1
Dividend per share                                                                cents              100                    90                  11.1
* The prior year includes a R400 million gain on remeasurement of joint ventures and a R63 million net profit on disposal of businesses and investments.

The audited annual consolidated financial statements have been audited by Ernst & Young Inc., who expressed an
unmodified audit opinion. A copy of the auditor’s report including the key audit matters is available for inspection at
the Company’s registered office, together with the financial statements identified in the auditor’s report, as well as
on the Company’s website at www.invictaholdings.co.za
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. Any investment decisions should be based on the full
announcement that has been published on SENS at https://senspdf.jse.co.za/documents/2023/jse/isse/IVT/YE2023.pdf
and is also available on our website www.invictaholdings.co.za.
Copies of the full announcement may be requested from the company secretary at info@invictaholdings.co.za.

Ordinary share cash dividend
Notice is hereby given that the Directors of the Company have declared a gross cash dividend of 100 cents per
ordinary share for the year ended 31 March 2023. Dividends are to be paid out of distributable reserves. Dividend
tax (DT) of 20% will be withheld in terms of the Income Tax Act for those shareholders who are not exempt from
DT. In accordance with paragraphs 11.17(a) and 11.17(c) of the JSE Listings Requirements, the following additional
information is disclosed:
•   The gross local dividend amount is 100 cents per ordinary share for shareholders exempt from the DT;
•   The net local dividend amount is 80 cents per ordinary share for shareholders liable to pay the DT;
•   Invicta has 99 844 589 ordinary shares in issue; and
•   Invicta’s income tax reference number is 9400/012/03/6.
The salient dates for the ordinary share cash dividend will be as follows:
Last day of trade to receive a dividend                                                                             Tuesday, 1 August 2023
Shares commence trading “ex” dividend                                                                             Wednesday, 2 August 2023
Record date                                                                                                           Friday, 4 August 2023
Payment date                                                                                                        Monday, 7 August 2023
Share certificates may not be dematerialised or rematerialised between Wednesday, 2 August 2023 and
Friday, 4 August 2023, both days inclusive.
By order of the board
STEVEN JOFFE                                                                                     NAZLEE RAJMOHAMED
Chief Executive Officer                                                                          Group Financial Director
Approval: 22 June 2023              Release: 26 June 2023

Invicta Holdings Limited                                                     Directors:
Registered office:                                                           Dr CH Wiese* (Chairman), S Joffe (CEO), C Barnard,
3 Droste Cresent, Droste Park,                                               N Rajmohamed, LR Sherrell*, AM Sinclair, RA Wally^,
Johannesburg, Gauteng, 2094                                                  Adv JD Wiese*, PM Makwana^,
                                                                             I Van Heerden*, F Davidson^
Transfer secretaries:                                                        * Non-executive        ^ Independent non-executive
Computershare Investor Services Proprietary Limited,                         Sponsor:
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196                          Nedbank Corporate and Investment Banking,
                                                                             a division of Nedbank Limited