Hudaco Industries Limited (JSE:HDC) News - Reviewed results for the year ended 30 November 2021 and dividend declaration number 69

HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC
ISIN: ZAE000003273

REVIEWED RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2021 AND DIVIDEND DECLARATION NUMBER 69

Salient features
                                 30 November     30 November       30 November           % change          % change
                                        2021            2020              2019       2021 vs 2020      2021 vs 2019

    Revenue (Rm)                       7 258           6 254             6 704               16.1               8.3
    Operating profit (Rm)                826             510               701               61.9              17.9
    Comparable earnings per            1 613             800             1 240              101.6              30.1
    share (cents)
    Headline earnings per              1 641           1 050             1 355               56.3              21.1
    share (cents)
    Basic earnings per share           1 643             113             1 355            1 354.0              21.3
    (cents)
    Dividend per share (cents)           760             410               600               85.4              26.7
    Net asset value per share          9 541           8 470             8 666               12.6              10.1
    (cents)

Auditor’s review

The consolidated financial statements for the year ended 30 November 2021 have been reviewed by BDO South Africa
Inc., who have expressed an unmodified review conclusion.

Declaration of final dividend number 69

Final dividend number 69 of 520 cents per share is declared payable on Monday, 7 March 2022 to ordinary
shareholders recorded in the register at the close of business on Friday, 4 March 2022.

The timetable for the payment of the dividend is as follows:

Last day to trade cum dividend                                 Tuesday, 1 March 2022
Trading ex dividend commences                                  Wednesday, 2 March 2022
Record date                                                    Friday, 4 March 2022
Payment date                                                   Monday, 7 March 2022

Share certificates may not be dematerialised or rematerialised between Wednesday, 2 March 2022 and Friday, 4
March 2022, both days inclusive. The certificated register will be closed for this period.

In terms of the Listings Requirements of the JSE Limited regarding the Dividend Tax, the following additional
information is disclosed:

•      the dividend has been declared from income reserves;
•      the dividend withholding tax rate is 20%;
•      the net local dividend amount is 416 cents per share for shareholders liable to pay the Dividend Tax and 520
       cents per share for shareholders exempt from the Dividend Tax;
•      Hudaco Industries Limited has 32 519 720 shares in issue (which includes 2 568 708 treasury shares); and
•      Hudaco Industries Limited’s income tax reference number is 9400/159/71/2.

Short-form announcement

This short-form announcement is the responsibility of the directors of Hudaco. It is only a summary of the information
contained in the reviewed results for the year ended 30 November 2021 (the “full announcement”) and does not
contain full or complete details. Any investment decisions by investors and/or shareholders should be based on
consideration      of     the     full    announcement      published      on     the    JSE     website    at
https://senspdf.jse.co.za/documents/2022/jse/isse/HDC/ye2021.pdf.

The full announcement is available on the Company’s website (www.hudaco.co.za) and copies may be requested from
the Company at info@hudaco.co.za or inspected at the registered office of the Company, at no charge, during office
hours.

4 February 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 04-02-2022 07:05:00
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