Reviewed provisional condensed consolidated results for the year ended 31 March 2020
HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: HPR
("HPLR" or the "Company")
REVIEWED PROVISIONAL CONDENSED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2020 AND DECLARATION OF ORDINARY CASH DIVIDEND TO SHAREHOLDERS
- Revenue: R2 048.402m, up 15.1% (March 2019: R1 779.849m)
- Headline earnings per share: 86.39 cents, up 6.9% (March 2019: 80.78 cents)
- Earnings per share: 90.01 cents, up 11.6% (March 2019: 80.66 cents)
- Net asset value: R1 228.751m, up 10.2% (March 2019: R1 115.079m)
- Ordinary cash dividends: 45 cents (March 2019: ordinary cash dividends: 42 cents, special dividends: 155 cents)
The provisional condensed consolidated financial statements for the year ended 31 March 2020 have been reviewed by BDO South Africa Incorporated, who
expressed an unmodified review conclusion. The auditor's report does not necessarily report on all the information contained in the financial results.
Any reference to future financial performance included in this announcement has not been reviewed nor reported on. Shareholders are therefore advised
that in order to obtain a full understanding of the nature of the auditor's engagement they should obtain a copy of the auditor's report together with
the accompanying financial information from the issuer's registered office.
This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and does
not contain full or complete details. Any investment decision should be based on the full announcement, which can be accessed from Friday, 29 May 2020,
via the JSE link and also available on the Company's website at www.hplr.co.za
Copies of the full announcement may also be requested at the Company's registered office during office hours, at no charge.
The JSE link is as follows: https://senspdf.jse.co.za/documents/2020/jse/isse/hpre/Finals.pdf
DECLARATION OF ORDINARY CASH DIVIDEND TO SHAREHOLDERS
The directors have approved and declared a final ordinary dividend of 31 cents (gross) per HPLR share for the year ended 31 March 2020 from income reserves.
The salient dates for the payment of this dividend is as follows:
Announcement date Friday, 29 May 2020
Last day to trade cum dividend Monday, 15 June 2020
Commence trading ex-dividend Wednesday, 17 June 2020
Record date Friday, 19 June 2020
Payment date Monday, 22 June 2020
Share certificates may not be dematerialised or rematerialised between Wednesday, 17 June 2020 and Friday, 19 June 2020, both days inclusive.
In terms of legislation applicable to Dividends Tax ("DT") the following additional information is disclosed:
The final ordinary dividend shall constitute a "dividend" as defined in the Income Tax Act, 58 of 1962.
The local DT rate is 20%.
The number of ordinary shares in issue at the date of the declaration is 290 000 000.
The DT amounts to 6.2 cents per share for the final ordinary dividend.
The net local dividend amount is 24.8 cents per share for the final ordinary dividend for all shareholders who are not exempt from the DT.
HPLR's income tax reference number is 9754/276/16/1.
In terms of DT legislation, any DT amount due will be withheld and paid over to the South African Revenue Service by a nominee company, stockbroker or Central
Securities Depository Participant (collectively "regulated intermediary") on behalf of shareholders. All shareholders should declare their status to their
regulated intermediary as they may qualify for a reduced DT rate or exemption.
29 May 2020
Investec Bank Limited
Date: 29-05-2020 02:00:00
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