LIGHTHOUSE CAPITAL LIMITED - Condensed unaudited interim financial results for the 3 months ended 31 December 2019 and change to the board

Condensed unaudited interim financial results for the 3 months ended 31 December 2019 and change to the board

Lighthouse Capital Limited
Incorporated in the Republic of Mauritius on 14 August 2014
Reg No C124756 C1/GBL 
ISIN MU0461N00015
SEM share code: GFP.N0000 and
JSE share code: LTE
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or "the company" or "the group")

www.lighthousecapital.mu

Short-form announcement: condensed unaudited consolidated interim financial 
results for the three months ended 31 December 2019 and change to the board.

Lighthouse is a Category One Global Business Licence company registered in 
Mauritius. The company has primary listings on both the Official Market of 
the Stock Exchange of Mauritius Ltd ("SEM") and the Main Board of the 
Johannesburg Stock Exchange Limited ("JSE"). Lighthouse invests globally in 
direct property, and in listed real estate and infrastructure securities.

                                      Unaudited         Unaudited
                                        for the           for the
                                   three months      three months
                                          ended             ended        Movement 
                                       Dec 2019          Dec 2018               %   
Total revenue (EUR)                   7 481 438         7 718 528            (3.1) 
Basic and diluted earnings/(loss)
per share (EUR cents)                      1.42            (7.80)           118.2
Headline earnings/(loss) and diluted 
headline earnings/(loss) per share 
(EUR cents)                                1.46            (7.76)           118.8
Distribution (EUR cents per share)            -                -                - 
Management account information:
Net asset value per share (EUR
cents)                                    52.26            53.65             (2.6) 
Gearing (%) #                              20.5             28.6            (28.3)

# Gearing is calculated by dividing total interest-bearing borrowings, adjusted for 
cash on hand and equity swap derivative margin, by the total of investments in 
property, listed securities and loans advanced.

Outlook

Lighthouse's distribution guidance, as previously announced, for the financial 
year ending 30 September 2020 remains unchanged. The potential acquisitions of 
the malls in Spain and Italy will enhance the company’s future growth in 
distributions.

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 include full or 
complete details. The full announcement was released on SENS on 12 February 2020 
and can be accessed by visiting the company's website at 
https://www.lighthousecapital.mu/financials/ or by following this hyperlink:

https://senspdf.jse.co.za/documents/2020/jse/isse/LTEE/FY_Q12020.pdf

The full announcement is available for inspection at the registered offices of the 
company or its sponsor, at no charge, during office hours from Thursday, 
13 February 2020 to Thursday, 20 February 2020. Any investment decision should be 
based on the full announcement published on SENS and available on the company's website.

By order of the board

Intercontinental Trust Ltd
Company secretary

Mauritius - 12 February 2020

Directors
Mark Olivier (chairperson); Stephen Delport (CEO)*; Justin Muller*; Kobus
van Biljon*; Jan Wandrag*; David Axten; Stuart Bird; Karen Bodenstein; Paul
Edwards; Barry Stuhler; (*executive director) 

Change to the board

Mr Stuart Ian Bird has been appointed to the board as an independent non-
executive director with effect from 12 February 2020.

Stuart Bird is a chartered accountant who retired as the chief executive officer 
of Mr Price Group Limited in 2018 and brings a wealth of experience to the board. 
Stuart will serve as a member of the investment and remuneration committees.  

Company secretary: Intercontinental Trust Ltd

Registered address: C1-401, 4th Floor, La Croisette, Grand Baie, Mauritius

Transfer secretary in South Africa: Link Market Services South Africa
Proprietary Ltd

JSE sponsor: Java Capital

SEM authorised representative and sponsor: Perigeum Capital Ltd

Date: 12-02-2020 05:10:00
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