Enhanced Investments - Financial Portal

Audited Annual Consolidated Results For The Year Ended 31 March 2022, Dividend Declaration, Notice Of Annual General

Published: 2022-06-29 10:35:33 ET

ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
 (“Argent” or “the company”)

 AUDITED ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2022, DIVIDEND
 DECLARATION, NOTICE OF ANNUAL GENERAL MEETING AND DISTRIBUTION OF ANNUAL REPORT

 FINANCIAL SUMMARY                                            31 March 2022       31 March 2021         % change
 Income statement
 Revenue                                         R 000           2 432 702           1 965 960            23.7%
 EBITDA                                          R 000             319 096             241 420            32.2%
 Operating profit                                R 000             264 259             189 534            39.4%
 Profit for the year                             R 000             192 076             132 055            45.5%
 Statement of financial position
 Total assets                                    R 000           1 979 679           1 686 000             17.4%
 Total liabilities                               R 000             702 282             552 592             27.1%
 Total shareholders’ funds                       R 000           1 277 397           1 133 408             12.7%
 Net asset value per share                       cents             2 238.3              1 910.2            17.2%
 Shares in issue
 At end of period excluding treasury shares      000                 56 392              58 425            (3.5%)
 Weighted average                                000                 57 634              59 999            (3.9%)
 Diluted weighted average                        000                 58 477              60 361            (3.1%)
 Earnings and dividend per share
 Basic earnings per share                        cents                330.0               217.3            51.9%
 Diluted earnings per share                      cents                325.3               216.0            50.6%
 Headline earnings per share                     cents                339.2               217.9            55.7%
 Diluted headline earnings per share             cents                334.3               216.6            54.3%
 Dividend per share                              cents                 42.0                 0.0            100%

 DIVIDEND DECLARATION
 The directors of the company have declared and approved a final gross dividend of 42 cents per share for the year
 ended 31 March 2022 from income reserves. Total ordinary dividends per share in respect of the financial year to
 31 March 2022 therefore amounts to 42 cents (2021 - nil).

 The following dates will apply to the abovementioned final dividend:
 Last day to trade cum dividend:        Tuesday, 26 July 2022
 Trading ex-dividend commences:         Wednesday, 27 July 2022
 Record date:                            Friday, 29 July 2022
 Dividend payment date:                  Monday, 1 August 2022

 Share certificates may not be dematerialised or re-materialised between Wednesday, 27 July 2022 and
 Friday, 29 July 2022, both days inclusive.

 In determining the dividends tax of 20% to be withheld in terms of the Income Tax Act (No 58 of 1962), those
 shareholders who are not exempt from the dividend tax will therefore receive a dividend of 33.6 cents per share net
 of dividend tax. The company has 57 199 206 ordinary shares in issue as at 29 June 2022 and its income tax
 reference number is 9096/002/71/3.

 Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker
 credited/updated on Monday, 1 August 2022.

 SHORT FORM ANNOUNCEMENT
 The audited annual consolidated financial statements have been audited by BDO South Africa Inc., who expressed
 an unqualified audit opinion thereon. A copy of the auditor’s report including the key audit matters is available for
 inspection, during office hours, 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,
 https://argent.co.za/wp-content/uploads/2022/06/YE2022-SENS-short-form.pdf

 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 (“Full Announcement”) and does not contain full or complete details. The Full
 Announcement can be found at: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/ART/YE2022.pdf. Any
 investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement,
 as a whole.
Copies of the full announcement is available for viewing on the company’s website at
https://argent.co.za/wp-content/uploads/2022/06/YE2022-SENS.pdf or may be requested in person, at the company’s
registered office or the office of the sponsor, at no charge, during office hours.

DISTRIBUTION OF ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that the company’s annual report (“Annual Report”), including the full audited
consolidated financial statements of the company for the financial year ended 31 March 2022 and the notice of the
annual general meeting of the company (“Notice of AGM”), has been distributed to shareholders today,
29 June 2022. The Annual Report is available on the company’s website,
https://argent.co.za/wp-content/uploads/2022/06/annual-report-2022.pdf

Notice is hereby given that Argent’s annual general meeting (“AGM”) of shareholders will be held in the company’s
boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Friday,
19 August 2022 at 11:00 to transact the business as stated in the abovementioned Notice of AGM.

Kindly note the following salient details:

Issuer name                                                                                    Argent Industrial Limited
Type of instrument                                                                                     Ordinary shares
ISIN number                                                                                             ZAE000019188
JSE code                                                                                                            ART
Meeting type                                                                                   Annual General Meeting
Meeting venue                                          First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge
                                                                                         Office Estate, Umhlanga
Record date – to determine which                                                                   Friday, 17 June 2022
shareholders are entitled to receive the notice
of meeting
Publication/posting date                                                                    Wednesday, 29 June 2022
Last day to trade – Last day to trade to                                                      Monday, 8 August 2022
determine eligible shareholders that may
attend, speak and vote at the meeting
Record date – to determine eligible                                                              Friday, 12 August 2022
shareholders that may attend, speak and vote
at the meeting
Meeting deadline date (For administrative                                                 Wednesday, 17 August 2022
purposes, forms of proxy for the meeting to be
lodged)
Meeting date                                                                         11:00 on Friday, 19 August 2022
Publication of results                                                                        Friday, 19 August 2022
Website link                                      https://argent.co.za/wp-content/uploads/2022/06/annual-report-2022.pdf




Umhlanga
29 June 2022

Sponsor
PSG Capital

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

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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.