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NU-WORLD HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1968/002490/06)
Share Code: NWL ISIN code: ZAE000005070
(“Nu-World”)
SUMMARISED PRELIMINARY CONDENSED AUDITED CONSOLIDATED ANNUAL RESULTS FOR THE YEAR
ENDED 31 AUGUST 2022, DIVIDEND DECLARATION AND NOTICE OF ANNUAL GENERAL MEETING (“AGM”)
Introduction to the Nu-World Holdings Group
Nu-World is a company incorporated and domiciled in South Africa with subsidiaries in Australia, Brazil, Dubai, Hong
Kong and Lesotho. The main business of Nu-World and its subsidiaries includes the importing, assembling, marketing
and distribution of branded consumer goods.
The Board presents the Nu-World summary results for the twelve months ended 31 August 2022. The Group’s results
to 31 August 2022 were disappointing due to a severely distressed Global economy. The South African insurrection of
July 2021 still had a negative impact on the Group’s 2022 results.
In SA, revenue decreased by 14,2% compared to the prior year due to a combination of weak volume growth, subdued
selling price inflation and reduced consumer discretionary expenditure.
Offshore operations increased revenue by 14.2% primarily due to stronger USD, in addition to positive signals starting
to occur in other offshore markets.
Financial highlights
Year ended Year ended
31-Aug 31-Aug
2022 2021
R000 R000
Total revenue (8.8%) 2 151 831 2 358 212
Total comprehensive earnings 81.9% 153 687 83 999
Basic earnings (cents per share) (39.9%) 394,3 655,2
Headline earnings (cents per share) (39.9%) 394,1 650,6
Net asset value (cents per share) 7.1% 6 745,7 6 297,9
Dividend per share (cents) 149,8 249,0
DECLARATION OF FINAL DIVIDEND
Notice is hereby given that a final gross dividend of 149,80000 cents per share was declared on 26 October 2022,
payable to shareholders recorded in the register of Nu-World at the close of business on the record date appearing
below. The dividend is payable out of cash reserves.
▪ Dividends have been declared out of profits available for distribution.
▪ Local Dividends Withholding Tax rate is 20%.
▪ The gross dividend amount is 149,80000 cents per ordinary share.
▪ The net cash dividend amount is therefore 119,84000 cents per ordinary share.
▪ The Company has 22 646 465 ordinary shares in issue as at the declaration.
▪ The Company’s income tax reference number is 9100/085/71/2.
The salient dates pertaining to the final dividend are as follows:
Declaration announcement: Wednesday. 26 October 2022
Last date to trade ‘’cum’’ dividend Monday, 12 December 2022
Date trading commences ‘’ex’’ dividend Tuesday, 13 December 2022
Record date Thursday, 15 December 2022
Date of payment Monday, 19 December 2022
Ordinary share certificates may not be dematerialised or rematerialised between Tuesday, 13 December 2022 and
Thursday, 15 December 2022, both days inclusive.
Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders’ bank
accounts on the payment date. In the absence of specific mandates, dividend cheques will be posted to shareholders.
Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker credited on
Monday, 19 December 2022.
Annual report and notice of AGM
The 2022 Integrated Annual report and the notice of AGM will be mailed on 28 November 2022.
The annual general meeting will take place at 10h00 on Wednesday, 8 February 2023, at the registered office of the
Company. Shareholders are referred to the salient dates and venue below:
MEETING VENUE The Boardroom
Nu-World Holdings Limited, 682 Pretoria Main Road, Wynberg,
Sandton
RECORD DATE – to determine which Friday, 18 November 2022
shareholders are entitled to receive the Notice
of AGM
PUBLICATION/POSTING date Monday, 28 November 2022
LAST DATE TO TRADE – last day to trade to Tuesday, 24 January 2023
determine eligible shareholders that may
attend, speak and vote at the AGM
RECORD DATE – record date to determine Friday, 27 January 2023
eligible shareholders that may attend, speak
and vote at the AGM
MEETING DEADLINE DATE (for Monday, 6 February 2023
administrative purposes, forms of proxy for the
meeting to be lodged by 10h00
MEETING DATE Wednesday, 8 February 2023
PUBLICATION OF RESULTS on SENS Wednesday, 8 February 2023
WEBSITE LINK http://www.nuworld.co.za
Auditor’s opinion
These condensed consolidated financial statements for the year ended 31 August 2022 have been reviewed by RSM
South Africa Inc., who expressed an unmodified audit opinion. The auditor’s opinion, including the key audit matters on
pages 10-14 of the annual financial statements can be viewed on the Company’s website:
https://nuworld.co.za/wp-content/uploads/2022/10/Signed-AFS_NU-
WORLD_HOLDINGS_LIMITED_GROUP_financial_statements.pdf
Full announcement
This short-form announcement is the responsibility of the Directors of the Company and is only a summary of the
information in the full announcement and therefore does not contain full or complete details. Any investment decision
by investors and/or shareholders should be based on consideration of the full announcement, The full announcement is
available for inspection at the Company’s offices on workdays during business hours (at no charge) or on request from
the company secretary by e-mail: bhaikney@nuworld.co.za
The full announcement is on the following JSE website::https://senspdf.jse.co.za/documents/2022/jse/isse/nwl/nwlfye.pdf
On behalf of the Board
J.A. Goldberg G.R. Hindle
Chief Executive Officer Financial Director
Johannesburg
26 October 2022
JSE Sponsor to Nu-World
Questco Corporate Advisory Proprietary Limited
