Condensed unaudited consolidated interim financial statements for the 3 and 9 months ended 30 June 2019
Lighthouse Capital Limited
(formerly Greenbay Properties Ltd)
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
("Lighthouse" or "the company" or "the group")
Short-form announcement: condensed unaudited consolidated interim financial results
for the nine months ended 30 June 2019
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
listed real estate and infrastructure securities.
for the for the
nine months nine months
ended ended Movement
Jun 2019 Jun 2018 %
Total revenue (EUR) 21 815 928 21 616 248 0.9
Basic and diluted (loss)/earnings
per share (EUR cents) (6.44) 4.82 (233.6)
Headline (loss)/earnings and
diluted headline (loss)/earnings
per share (EUR cents) (6.41) 3.85 (266.5)
Distribution (EUR cents per share) - - -
Management account information:
Net asset value per share
(EUR cents) 53.27 188.12* (71.7)
Gearing (%) # 30.9 35.1 (12.0)
* Adjusted for share consolidation on a 1 for 20 basis.
# 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.
The distribution guidance, and the assumptions on which this was based, as
previously announced in the company's condensed unaudited consolidated interim
financial results for the six months ended 31 March 2019, remain unchanged.
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 7 August 2019
and can be accessed by visiting the company's website at
https://www.lighthousecapital.mu/financials/ or by following this hyperlink:
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,
8 August 2019 to Thursday, 15 August 2019. 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
Mauritius - 7 August 2019
Mark Olivier (chairman); Stephen Delport (CEO)*; Justin Muller*; Kobus van Biljon*;
Jan Wandrag*; David Axten; Karen Bodenstein; Paul Edwards; Barry Stuhler;
There were no changes to the board during the quarter.
Intercontinental Trust Ltd
C1-401, 4th Floor, La Croisette, Grand Baie, Mauritius
Transfer secretary in South Africa:
Link Market Services South Africa Proprietary Ltd
SEM authorised representative and sponsor:
Perigeum Capital Ltd
Date: 07/08/2019 02:03:00
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