Enhanced Investments - Financial Portal

Consolidated Annual Financial Results and dividend declaration for the year ended 30 September 2022

Published: 2022-12-05 14:55:20 ET

SYGNIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
Share code on the JSE and A2X: SYG
ISIN: ZAE000208815
(“Sygnia” or “the Company”)


CONSOLIDATED ANNUAL FINANCIAL RESULTS AND DIVIDEND DECLARATION FOR THE YEAR ENDED
30 SEPTEMBER 2022; DISTRIBUTION OF INTEGRATED REPORT AND DETAILS OF THE ANNUAL GENERAL
MEETING


1.   Highlights
•    Assets under management and administration of R285.1 billion as at 30 September 2022 (2021: R296.4 billion),
     down 3.8%.
•    Revenue of R808.9 million (2021: R737.2 million), up 9.7%.
•    Profit after tax of R287.4 million (2021: R240.9 million), up 19.3%.
•    Headline earnings per share of 191.3 cents (2021: 170.7 cents), up 12.1%, and diluted headline earnings per
     share of 186.1 cents (2021: 166.1 cents), up 12.0%.
•    Total dividend per share of 210 cents (2021: 135 cents).


2.   Final dividend
Sygnia is committed to rewarding its shareholders with regular distributions of free cash flow generated.
Accounting for projected cash requirements, a gross final dividend for the financial year ended 30 September
2022 of 130.0 cents per share has been declared out of income reserves, resulting in a net dividend of 104.0 cents
per share for shareholders after Dividends Tax (“DT”). Together with the interim gross dividend of 80.0 cents per
share, this amounts to a total gross dividend of 210.0 cents per share.


Last day to trade: Tuesday, 20 December 2022
Shares trade ex dividend: Wednesday, 21 December 2022
Record date: Friday, 23 December 2022
Payment date: Tuesday, 27 December 2022


Share certificates may not be dematerialised or rematerialised between Wednesday, 21 December 2022 and
Friday, 23 December 2022, both dates inclusive. Dividends declared after 31 March 2012 are subject to DT, where
applicable. In terms of the DT, the following additional information is disclosed:
•    The local DT rate is 20%;
•    The number of ordinary shares in issue at the date of this declaration is 150 430 489;
•    Sygnia’s tax reference number is 9334/221/16/6.




SYGNIA LIMITED Registration No. 2007/025416/06
CAPE TOWN: 7th Floor I The Foundry I Cardiff Street I Green Point I 8001 I T +27 21 446 4940 I F + 27 21 446 4950
JOHANNESBURG: Unit 40 | 6th Floor | Katherine & West Building | West Street | Sandton | 2196 | Tel: +27 10 595 0550 | Fax: +27 86 206 5173
DURBAN: Office 2 | 2nd Floor Ridgeview | 1 Nokwe Avenue | Ridgeside | Umhlanga Ridge | 4319 | Tel: +27 31 001 0650 | Fax: +27 86 206 4421
info@sygnia.co.za I www.sygnia.co.za
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3.   Short form announcement
The short form announcement is the responsibility of the directors and is only a summary of the information
contained in the consolidated annual financial statements. This announcement does not include the information
required pursuant to paragraph 16A(j) of IAS 34. Any investment decisions by investors and/or shareholders should
be based on consideration of the consolidated annual financial statements on the Company’s website
(www.sygnia.co.za). Copies of the consolidated annual financial statements are available on request by emailing
investorrelations@sygnia.co.za and at the Company’s sponsor. In addition, the consolidated annual financial
statements are available for inspection, at no cost, at the registered office of the Company from Monday to Friday
between 08:00 and 17:00. The summarised consolidated annual financial statements can be accessed directly using
the following JSE link: https://senspdf.jse.co.za/documents/2022/jse/isse/syge/FY22.pdf).


4.   Audit opinion
The auditors, Mazars, have issued an unmodified audit opinion on the consolidated annual financial statements for
the year ended 30 September 2022, which includes communication of key audit matters. As set out above, copies of
the consolidated annual financial statements (including the key audit matters and the unmodified audit opinion) are
available on request by emailing investorrelations@sygnia.co.za and at the Company’s sponsor at
jsesponsor@standardbank.co.za.


5.   2022 Integrated Report
Sygnia shareholders are advised that the 2022 Integrated Report of the company, together with the full consolidated
annual financial statements for the year ended 30 September 2022, will be distributed to shareholders on
5 December 2022. The Integrated Report will be available on the Company’s website, www.sygnia.co.za.
Shareholders can contact the Company secretary, Glen MacLachlan, at gmaclachlan@sygnia.co.za to request an
electronic version of the 2022 Integrated Report, which incorporates the notice of the annual general meeting and
form of proxy. The consolidated annual financial statements for the year ended 30 September 2022 have been
prepared under the supervision of the Financial Director, M. Sirkot (CA (SA)).


6.   Annual general meeting
The annual general meeting of shareholders of Sygnia will be held on Monday, 30 January 2023 at 10:00am to
transact the business as stated in the notice of the annual general meeting which is included in the 2022 Integrated
Report. In terms of section 59 of the Companies Act, No 71 of 2008, the record date for the purposes of determining
which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 20 January 2023.


 Issuer name                                                     Sygnia Limited

 Type of instrument                                              Ordinary shares

 ISIN number                                                     ISIN: ZAE000208815

 JSE code                                                        SYG

 Meeting type                                                    Annual General Meeting
                                                                 7th Floor, The Foundry, Cardiff Street, Green
 Meeting venue
                                                                 Point, Cape Town, 8001
 Record date – to determine which shareholders are               Friday, 25 November 2022
 entitled to receive the Notice of meeting


                                                                                                                       2
Publication/ posting date                                      Monday, 5 December 2022
Last day to trade – last day to trade to determine eligible
                                                               Tuesday, 17 January 2023
shareholders that may attend, speak and vote at the Meeting
Record date – to determine eligible shareholders that may
                                                               Friday, 20 January 2023
attend, speak and vote at the Meeting
Meeting deadline date (for administrative purposes, forms of   Thursday, 26 January 2023
proxy for the meeting to be lodged)
Meeting date                                                   Monday, 30 January 2023

Publication of results                                         Tuesday, 31 January 2023

Website link                                                   www.sygnia.co.za/for-shareholders




Cape Town
5 December 2022


Sponsor:
The Standard Bank of South Africa Limited




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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.