Wrap Text
Annual Financial Statements Distribution Declaration, Integrated Annual Report and Notice of Annual General Meeting
TREMATON CAPITAL INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/008691/06)
JSE code: TMT ISIN: ZAE000013991
("Trematon", "the company" or "the group")
CONSOLIDATED AUDITED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 â€"
SHORT-FORM ANNOUNCEMENT
DECLARATION OF DISTRIBUTION
AVAILABILITY OF INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
AVAILABILITY OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT
Shareholders of Trematon are advised that the company published its Integrated Annual Report
("Integrated Report") containing its consolidated audited annual financial statements for the year
ended 31 August 2024 ("Annual Results") and Notice of Annual General Meeting ("AGM") on the
websites of the JSE Limited and the company today, 28 November 2024. The Integrated Report and
Notice of AGM will be posted to the relevant shareholders on Thursday, 28 November 2024.
ANNUAL RESULTS
SALIENT FEATURES
August 2024 August 2023 %
R R change
Revenue 565 895 862 554 251 546 2
Operating profit 162 869 683 137 484 262 18
(Loss)/profit after tax (4 844 522) 121 658 788 (104)
Headline earnings 262 672 8 189 537 (97)
(Loss)/earnings per share (cents) (4.5) 31.7 (114)
Headline earnings per share (cents) 0.1 3.6 (97)
Net asset value per share (cents) 322 366 (12)
Intrinsic net asset value per share (cents) 355 439 (19)
Capital distribution per share (cents) 16.40 32.00
Dividend per share (cents) 6.60 0.0
Total distribution per share (cents) 23.00 32.00 (28)
CAPITAL REDUCTION AND CASH DIVIDEND DISTRIBUTION
On 27 November 2024, subsequent to year-end, the board of directors declared a capital reduction
distribution of 16.40 cents per Trematon ordinary share ("Share") (2023: 32.0 cents) as a return
of contributed tax capital and a cash dividend distribution of 6.60 cents per share from income
reserves (2023: nil cents) (collectively "the Distribution") to shareholders recorded in the share
register of the company at the close of business on Friday, 20 December 2024. The total
Distribution will equate to R51.2 million (23.0 cents per share).
In compliance with IAS 10: Events after the Balance Sheet Date, the Distribution will only be
accounted for in the financial statements in the year ending 31 August 2025.
Future distributions will be decided on a year-to-year basis.
The implications of the Distribution on shareholders are as follows:
- The capital reduction distribution of 16.40 cents per Share is not subject to dividend
withholding tax as it is paid out of capital reserves. As the capital reduction distribution
will be regarded as a return of capital and may therefore have potential capital gains tax
consequences, shareholders are advised to consult their tax advisers regarding the impact of
the capital reduction distribution.
- The gross dividend of 6.60 cents per Share from income reserves will be subject to dividend
withholding tax at a rate of 20%. Consequently, a net final dividend of 5.28 cents per Share
will be distributed to those shareholders who are not exempt from paying dividend tax. In terms
of dividend tax legislation, the dividend tax amount due will be withheld and paid over to the
South African Revenue Service by a nominee company, stockbroker or Central Securities
Depository Participant ("CSDP") on behalf of the shareholders.
As at the date of declaration of the Distribution there were 222 774 248 Shares in issue.
The income tax reference number of Trematon Capital Investments Limited is 9340/323/84/0.
In compliance with the Companies Act, the directors confirm and have resolved that the company will
satisfy the solvency and liquidity test immediately after the payment of the Distribution.
In accordance with the provisions of Strate Proprietary Limited, the electronic settlement and
custody system used by the JSE Limited, the relevant dates for the Distribution are as follows:
Last date to trade: Tuesday, 17 December 2024
Ex-date: Wednesday, 18 December 2024
Record date: Friday, 20 December 2024
Payment date: Monday, 23 December 2024
Share certificates may not be dematerialised or rematerialised between Wednesday, 18 December 2024
and Friday, 20 December 2024, both days inclusive. Only the shareholders recorded in the company's
share register as at record date are entitled to receive the Distribution declared.
Payments for certificated shareholders will be transferred electronically to their bank accounts on
the payment date. Shareholders who hold dematerialised shares will have their accounts at their
CSDP or stockbroker credited on Monday, 23 December 2024.
DIRECTORS’ STATEMENT
The directors, who take responsibility for the contents of this short-form announcement, present
the Annual Results of Trematon Capital Investments Limited for the year ended 31 August 2024.
The Annual Results were prepared under the supervision of the Chief Financial Officer,
Mr AL Winkler CA (SA).
The information in this announcement has been extracted from the Annual Results, which form part
of the company's Integrated Report and has been audited by the Trematon Group's auditors,
Moore Cape Town Inc, who expressed an unqualified audit opinion thereon. Their independent auditor's
report is available on the company's website at https://www.trematon.co.za/download/2578
The financial information in this announcement is only a summary and does not contain full details
of the Annual Results. Any investment decisions by investors and/or shareholders should be based on
information contained in the Annual Results, which forms part of Trematon's Integrated Report,
and is available as follows:
- on the company's website at: https://www.trematon.co.za/download/2578
- on the JSE website at the following address:
https://senspdf.jse.co.za/documents/2024/jse/isse/tmt/fy2024.pdf
Copies of the Integrated Report and auditor's report may also be requested at the company's
registered office by phoning the company during office hours on +27 21 421 5550.
NOTICE OF AGM
Notice is hereby given that the AGM of Trematon shareholders will be held entirely by electronic
communication at 10:00 on Friday, 24 January 2025, to transact the business as stated in the
Notice of AGM.
Salient Dates:
Record date to determine which shareholders are entitled to receive the
notice of AGM Friday, 22 November 2024
Date of posting of this notice of AGM and announcement of AGM on SENS Thursday, 28 November 2024
Last day to trade in order to be eligible to attend and vote at the AGM Tuesday, 14 January 2025
Record date to determine which shareholders are entitled to attend and
vote at the AGM Friday, 17 January 2025
Forms of proxy to be lodged at transfer secretaries by 10:00 on Wednesday, 22 January 2025
AGM of the company to be held at 10:00 on Friday, 24 January 2025
Results of the AGM announced on SENS Friday, 24 January 2025
Forms of proxy may be presented at any time prior to, or at, the AGM. If forms of proxy are
directed to the company's transfer secretaries these must be lodged by no later than 10:00 on
Wednesday, 22 January 2025.
AVAILABILITY OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT
Shareholders are hereby notified in accordance with the Listings Requirements of the JSE Limited,
that the company's annual compliance report in terms of section 13G(2) of the Broad-Based Black
Economic Empowerment Act (No. 53 of 2003), read with the Broad-Based Black Economic Empowerment
Amendment Act (No. 46 of 2013), has been published and is available on the company's website,
www.trematon.co.za.
Domicile and registered office: 3rd Floor, Aria North Wharf
42 Hans Strijdom Avenue, Foreshore, Cape Town 8001
PO Box 15176, Vlaeberg 8018
Transfer secretaries: JSE Investor Services Proprietary Limited
Fifth Floor, One Exchange Square, 2 Gwen Lane, Sandown, 2196
Directors: R Lockhart-Ross (Chairman)*#, AJ Shapiro (Chief Executive Officer),
AL Winkler (Chief Financial Officer), JP Fisher*#, K Getz*, A Groll, MA Sessions*#, R Stumpf*
* Non-executive # Independent
Secretary: JJ Vos
Sponsor: Questco Corporate Advisory Proprietary Limited
Auditor: Moore Cape Town Inc.
Date published: 28 November 2024
Contact details: Tel: 021 421 5550
Website: www.trematon.co.za
Date: 28-11-2024 09:00:00
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.
Sharenet Sites 
