Enhanced Investments - Financial Portal

Trading statement

Published: 2023-09-04 08:06:17 ET

                                                                                                      MAS P.L.C.
                                                                                              Registered in Malta
                                                                                    Registration number C 99355
                                                                                            JSE share code: MSP
                                                                                           ISIN: VGG5884M1041
                                                                            LEI code: 213800T1TZPGQ7HS4Q13
                                                                                       (“MAS” or “the Company”)




                                             TRADING STATEMENT


Shareholders are referred to the voluntary trading and strategy update announcement released on 29 June 2023
wherein stakeholders were advised that MAS’ Board of Directors (“Board”) was undertaking a comprehensive
process of reviewing the Company’s strategy and its stated strategic objectives, following significant market
changes which have affected the underlying assumptions in respect of debt financing cost and availability.

As part of the strategic review, the Board reconsidered MAS’ capital structure and its self-imposed, long-term
overall debt limitations and determined that it is in the best interests of the Company to accumulate liquidity to
cater for a more robust capital structure in the context of the current challenging funding environment, reducing
anticipated overall future debt levels and to cover the bond redemption and medium-term funding commitments
as they fall due.

Accordingly, the Board has resolved to retain diluted adjusted distributable earnings in full until such time as these
objectives have been substantially met and thus no dividend for the six-month period to 30 June 2023 will be paid
(six-month period to 30 June 2022: 3.82eurocents per share; six-month period to December 2022: 4.36eurocents
per share).

The outcome of this strategic review will be discussed in detail with the release of MAS’ financial results for the
financial year to 30 June 2023. MAS expects to release its financial results today, 4 September 2023.

The financial information on which this trading statement is based has not been reviewed or reported on by the
Company’s auditors.


4 September 2023

For further information please contact:
 Leon Allison, MAS P.L.C.                        +27 82 307 3667
 Dan Petrisor, MAS P.L.C.                        +356 77 186 791
 Java Capital, JSE Sponsor                       +27 11 722 3050

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

Important disclosures

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.