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WILSON BAYLY HOLMES-OVCON LIMITED - Summarised audited consolidated financial statements for the year ended 30 June 2019 and final dividend

Release Date: 03/09/2019 10:24
Code(s): WBO     PDF:  
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Summarised audited consolidated financial statements for the year ended 30 June 2019 and final dividend

Wilson Bayly Holmes-Ovcon Limited
(Registration number 1982/011014/06)
(Incorporated in the Republic of South Africa)
Share code: WBO
ISIN: ZAE 000009932
("WBHO" or "the company")


SUMMARISED AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019, 
FINAL DIVIDEND ANNOUNCEMENT AND NOTICE OF ANNUAL GENERAL MEETING


FINANCIAL HIGHLIGHTS:
The group produced mixed results this year where solid performances from both the African
operations (including South Africa) and United Kingdom (UK) operations were overshadowed by the
recognition of a significant provision in respect of anticipated losses on the Western Roads Upgrade
(WRU) project in Australia.

    -   Revenue for the year increased by16% to R41 billion (2018: R35 billion)
    -   Earnings per share decreased by 39% to 939 cents per share (2018: 1 534 cents per share)
    -   Headline earnings per share decreased by 34% to 932 cents per share (2018: 1 415 cents per share)
    -   Final dividend declared of 190 cents per share resulting in a total dividend for the year of 
        190 cents per share (2018: 475 cents per share)
    -   The net asset value amounts to R6.1 billion (2018: R6 billion)

Link to full results
https://senspdf.jse.co.za/documents/2019/jse/isse/WBO/Final2019.pdf

The directors are responsible for the preparation and fair presentation of the audited consolidated
financial statements for the year ended 30 June 2019 of Wilson Bayly Holmes-Ovcon Limited.

The short-form announcement is a summary of the information included in the full announcement, and
any investment decision should be based on the full announcement.

The full announcement is published on the company's website at www.wbho.co.za/investors. In
addition, it is available for inspection at the company's registered offices and the company sponsor
detailed below, at no charge, every Monday to Friday between 08:00 -17:00. Copies of the full
announcement may also be requested via email from Shereen_Vally-Kara@wbho.co.za.

DIVIDEND DECLARATION
Notice is hereby given that the directors have declared a final gross dividend of 190 cents per share
(2018: 325 cents) payable to all shareholders recorded in the register on 11 October 2019.

In terms of the dividends tax legislation the following information is disclosed:-
The dividend is made from income reserves and is subject to dividend withholding tax of 20% which
results in a net dividend of 152 cents per share.

The number of shares in issue at date of declaration amount to 59 890 514 (53 171 020 exclusive of
treasury shares) and the company's tax reference number is 9999597710.

In order to comply with the requirements of Strate, the following details are relevant:

Last date to trade cum dividend                  :         Tuesday 8 October 2019
Trading ex dividend commences                    :         Wednesday 9 October 2019
Record date                                      :         Friday 11 October 2019
Payment date                                     :         Monday 14 October 2019


Shares may not be dematerialised or re-materialised between Wednesday, 9 October and Friday, 11 October 2019, 
both dates inclusive.

NOTICE OF ANNUAL GENERAL MEETING
The 37th annual general meeting of Wilson Bayly Holmes-Ovcon Limited will be held at 53 Andries
Street, Wynberg, Sandton on Wednesday 20 November 2019 at 11h00 for the purpose of conducting
the business as stated in the Notice of Annual General Meeting posted to shareholders and which is
also available on the company's website.

The record date for shareholders to be recorded in the register of the Company in order to be able to
attend, participate and vote at the annual general meeting is Friday, 15 November 2019 ("voting record date").
Accordingly, the last date to trade in order to participate will be Tuesday, 12 November 2019.


For and on behalf of the board

MS Wylie                EL Nel                   CV Henwood
Chairman                Chief Executive          Chief Financial Officer

Registered office
53 Andries Street
Wynberg
Sandton
 
3 September 2019
Sandton

Sponsor:Investec Bank Limited


Date: 03/09/2019 10:24:00
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