HOMECHOICE INTERNATIONAL PLC - Unaudited interim group financial results for period to 30 June 2019, cash dividend declaration and changes to board

Unaudited interim group financial results for period to 30 June 2019, cash dividend declaration and changes to board

HOMECHOICE INTERNATIONAL plc
(Incorporated in the Republic of Malta)
Registration number: C66099
JSE share code: HIL
ISIN: MT0000850108
("HIL" or "the group")

UNAUDITED INTERIM GROUP FINANCIAL RESULTS 
for the period to 30 June 2019, cash dividend declaration and changes to board


CONTINUED GROWTH IN A DIFFICULT RETAIL ENVIRONMENT

- Revenue up 8.6% to R1.7 billion
- Retail sales up 7.0%
- Loan disbursements up 34.2%
- Stand-alone insurance premiums up 58%
- Earnings per share down 7.9% to 229.9 cents
- Headline earnings per share down 7.9% to 229.9 cents
- Interim dividend of 87.0 cents, down 8.4%
- 160 000 new customers acquired
- Gross profit lower at 47.1% impacted by decision to mark down excess opening stock left over 
  after 2018 SAPO strike
- Sustained momentum of capital expenditure and operational expenses to deliver strategic initiatives
- Strong cash generation maintained

CHANGES TO BOARD COMPOSITION 
At the annual general meeting held on 10 May 2019, Pierre Joubert was appointed as an independent 
non-executive director of the HIL board. He is based in Mauritius and brings a wealth of financial 
services experience to the board's deliberations. He is also a member of the audit and risk committee.

DIVIDEND DECLARATION 
Notice is hereby given that the board of directors has declared an interim gross cash dividend of 
87.0000 cents (69.6000 cents net of dividend withholding tax) per ordinary share for the six months 
ended 30 June 2019. The dividend has been declared from income reserves. HIL is registered in the 
Republic of Malta and the dividend is a foreign dividend. Withholding tax of 20% will be applicable 
to all South African shareholders who are not exempt. 

The salient dates for the dividend will be as follows: 
- Last day of trade to receive a dividend being Tuesday, 17 September 2019 
- Shares commence trading "ex" dividend being Wednesday, 18 September 2019 
- Record date being Friday, 20 September 2019 
- Payment date being Monday, 23 September 2019 

Share certificates may not be dematerialised or rematerialised between Wednesday, 18 September 2019 
and Friday, 20 September 2019, both days inclusive. The issued share capital at the declaration 
date is 105 376 146 ordinary shares.

ADMINISTRATIVE INFORMATION
This short-form announcement is the responsibility of the directors of HIL. It is a summary of the 
information contained in the full announcement and does not contain full or complete details.

Any investment decisions by investors and/or shareholders should be based on a consideration of the 
full announcement. The full announcement and a more comprehensive analysis of HomeChoice 
International's results and outlook, can be accessed on the following JSE link: 
https://senspdf.jse.co.za/documents/2019/JSE/ISSE/HILE/FY2019H1.pdf and published on 
www.homechoiceinternational.com/financial-results/

Copies of the full announcement may be requested from the company secretary at 
governance@homechoiceinternational.com

CORPORATE INFORMATION
Registered office: 93 Mill Street, Qormi, QRM3012, Republic of Malta 
Non-executive directors: S Portelli (Chairman), A Chorn, R Garratt*, E Gutierrez-Garcia*, R Hain, 
P Joubert, C Rapa, A Ogunsanya* (alternate) * Non-independent
Executive directors: G Lartigue (Chief Executive Officer), P Burnett, S Maltz
Company secretary: G Said
Sponsor: Rand Merchant Bank (A division of First Rand Bank Limited)

28 August 2019

www.homechoiceinternational.com


Date: 28/08/2019 07:05:00
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