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Reviewed results for the year ended 31 March 2022

Published: 2022-07-15 15:45:00 ET

Primeserv Group Limited (JSE:PMV) News - Reviewed results for the year ended 31 March 2022

Primeserv Group Limited
Incorporated in the Republic of South Africa
Registration number: 1997/013448/06
Share code: PMV ISIN: ZAE000039277
("Primeserv" or "the company")


Reviewed results for the year ended 31 March 2022


Final gross dividend
Up 240%
6.00 cents per share

Revenue
up 5%
R777.1 million

Operating profit
up 210%*
R18.9 million

Earnings per share
up 96%*
20.86 cents

Headline earnings per share
up 52%*
20.86 cents

Net asset value per share
up 9%*
221 cents

* Percentage changes based on restated 2021 financials

DIVIDEND
Notice is hereby given that a final gross cash dividend of 6.00 cents per share (2021: final gross dividend of 2.50 cents per share) for the
year ended 31 March 2022 was declared on Friday, 15 July 2022, payable to shareholders recorded in the share register of the company at
the close of business on the record date appearing below. The salient dates pertaining to the final dividend are as follows:

Last date to trade “cum” dividend                      Tuesday, 30 August 2022
Date trading commences “ex” dividend                   Wednesday, 31 August 2022
Record date                                            Friday, 02 September 2022
Date of payment                                        Monday, 05 September 2022
Ordinary share certificates may not be dematerialised or rematerialised between Wednesday, 31 August 2022 and Friday, 02 September
2022, both days inclusive.

Shareholders who are not exempt from the Dividend Withholding Tax of 20% will therefore receive a net dividend of 4.80 cents per share.
The company has 120 217 525 ordinary shares in issue and its income tax reference number is 9408/002/71/6. The dividend is being paid
out of income reserves. Shareholders are further advised that the dividend declared is the final dividend for the year ended 31 March
2022.

All times provided in this announcement are South African local times.

Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders' bank accounts on the
payment date. Ordinary shareholders who hold dematerialised shares will have their accounts credited at their Central Securities
Depository Participant (CSDP) or broker on Monday, 05 September 2022.

The results have been reviewed by the company’s auditors, RSM South Africa Inc. Their unqualified review opinion is available for
inspection on the company’s website, at www.primeserv.co.za/investor-relations. Their review was conducted in accordance with ISRE
2410 “Review of interim financial information performed by the independent auditor of the entity”.

This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement
and does not contain full or complete details. This short-form announcement has not been reviewed or audited by the company’s
auditors, RSM South Africa Inc. The full announcement was released on SENS on 15 July 2022 and is also available on the company's
website at www.primeserv.co.za and at https://senspdf.jse.co.za/documents/2022/jse/isse/PMV/Yearend22.pdf.

The full announcement is available for inspection on the company's website or may be requested from the company's registered office
and the company's sponsor during office hours at no charge. Any investment decision should be based on the contents of the full
announcement published on SENS and on the company's website.

By order of the Board
DL Rose                M Abel               R Sack
Chairperson            CEO                  FD

15 July 2022
Illovo, Sandton


Directors:
DL Rose* (Chairperson)
M Abel (CEO)
B Kali#
LM Maisela*
KM Matjila*
R Sack (FD)

* Independent non-executive
# Non-executive

Registered address:
25 Rudd Road
Illovo
Sandton
2196

Company secretary:
ER Goodman Secretarial Services (Pty) Ltd

Transfer secretaries:
JSE Investor Services (Pty) Ltd
13th Floor
19 Ameshoff Street
Braamfontein
2001


Auditors:
RSM South Africa Inc.
Executive City
Cross Street and Charmaine Avenue
President Ridge
Randburg
2194

Sponsor:
Grindrod Bank Limited
4th Floor Grindrod Towers
8A Protea Place
Sandton
2196

E-mail: productivity@primeserv.co.za

www.primeserv.co.za

Date: 15-07-2022 05:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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

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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.