Enhanced Investments - Financial Portal

Reviewed financial results for the year ended 31 March 2023

Published: 2023-06-30 12:50:29 ET

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 financial results for the year ended 31 March 2023

Revenue
up 4%
R805.1 million

Operating profit
up 27%
R20.6 million

Earnings per share
up 27%
23.38 cents

Headline earnings per share
up 28%
23.42 cents

Net asset value per share
up 9%
240 cents

Total dividend for the year per share
up 20%
9.00 cents per share


DIVIDEND
Notice is hereby given that a final gross cash dividend of 7.00 cents per share (2022: final gross cash dividend of 6.00 cents per share) for the year was
declared on Friday, 30 June 2023, 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 interim dividend are as follows:

Last date to trade "cum" dividend                           Monday, 07 August 2023
Date trading commences "ex" dividend                        Tuesday, 08 August 2023
Record date                                                   Friday, 11 August 2023
Date of payment                                             Monday, 14 August 2023

Ordinary share certificates may not be dematerialised or rematerialised between Tuesday, 08 August 2023 and Friday, 11 August 2023, both days
inclusive.

Shareholders who are not exempt from the Dividend Withholding Tax of 20% will therefore receive a net dividend of 5.60 cents per share. The company
has 116 747 100 ordinary shares in issue and its income tax reference number is 9408/002/71/6. The dividend is being paid out of income reserves.

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, 14 August 2023.

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. The full announcement was
released on SENS on 30 June 2023 and is also available on the company's website at www.primeserv.co.za and at
https://senspdf.jse.co.za/documents/2023/jse/isse/PMV/Yearend23.pdf

The results have been reviewed by the company’s auditors, PKF Octagon Incorporated. Their unqualified review conclusion is available for
inspection on the company’s website, at https://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”.

Copies of the full announcement are 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

30 June 2023
Illovo

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 Proprietary Limited
(represented by Marilis Janse van Rensburg)
4-6 Skeen Boulevard
Bedfordview, 2007

Sponsor
Grindrod Bank Limited,
Grindrod Towers
8A Protea Place
Sandton, 2196

Auditors
PKF Octagon Inc
21 Scott Street
Waverley
Johannesburg, 2090

Transfer secretaries
JSE Investor Services Proprietary Limited
One Exchange Square
2 Gwen Lane
Sandown
Sandton, 2196


E-mail: productivity@primeserv.co.za

www.primeserv.co.za

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.