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MUSTEK LIMITED - Results For The Year Ended 30 June 2020 And Dividend Declaration

Release Date: 08/09/2020 17:13
Code(s): MST     PDF:  
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Results For The Year Ended 30 June 2020 And Dividend Declaration

Mustek Limited
Incorporated in the Republic of South Africa
Registration number: 1987/070161/06
JSE share code: MST  ISIN: ZAE000012373
"Mustek" or "the Group"


- Revenue R6.40 billion up 9.4% 
 (2019: R5.85 billion)
- Gross profit percentage increased to 14.2% 
 (2019: 14.0%)
- Operating profit R200.96 million  down 7.6% 
 (2019: R217.53 million)
- Basic earnings per share 124.05 cents down 16.1% 
 (2019: 147.90 cents)
- Headline earnings  per share 127.13 cents down 8.7%
 (2019: 139.32 cents)
- Dividend per share 26 cents down 13.3% 
 (2019: 30 cents)
- Net asset value per share 1 598.08 cents up 7.0% 
 (2019: 1 494.21 cents)

The information has been extracted from the audited results for the year ended 30 June 2020. This announcement itself
has not been audited or reviewed.

This short-form announcement is the responsibility of the directors. Financial figures in this announcement have been
extracted from the audited financial statements. The external auditor expressed an unmodified audit opinion on the
consolidated financial statements in the report dated 7 September 2020. That report also includes the communication of 
key audit matters. 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 Tuesday, 
8 September 2020, using the following JSE link:

Alternatively, the full announcement, the independent auditor's report and the audited financial statements are
available on our website at

The full announcement is available for inspection at Mustek's registered office on weekdays from 09:00 to 16:00, and
copies thereof may be requested free of charge at

Dividend declaration
Notice is hereby given that a final dividend of 26 cents per ordinary share for the year ended 30 June 2020 is
declared, payable to shareholders recorded in the books of the company at the close of business on the record date appearing 
in this document. This dividend is declared out of income reserves. The company's income tax reference number is
9550081716 and the company has 70 000 000 ordinary shares in issue and ranking for dividend at the date of this declaration. 
The South African dividend tax rate is 20% resulting in a net dividend of 20.80000 cents per share to shareholders who are
not tax exempt. 

The salient dates applicable to the final dividend are as follows:
Last day of trade cum dividend            Tuesday, 6 October 2020
First day to trade ex dividend            Wednesday, 7 October 2020
Record date                               Friday, 9 October 2020
Payment date                              Monday, 12 October 2020

No share certificates may be dematerialised or rematerialised between Wednesday, 7 October 2020 and 
Friday, 9 October 2020, both days inclusive.

Where applicable, payment in respect of certificated shareholders will be transferred electronically to shareholders'
bank accounts on the payment date. In the absence of specific mandates, payment cheques will be posted to certificated
shareholders at their risk on the payment date. Shareholders who have dematerialised their shares will have their
accounts at their Central Securities Depository Participant or broker credited on the payment date.

For and on behalf of the Board of directors

David Kan                          Neels Coetzee CA(SA)
Chief executive officer            Financial director 

8 September 2020

Corporate information

Company secretary: Sirkien van Schalkwyk, Block B, Office 103, Elarduspark Shopping Centre, 
837 Barnard Street, Elarduspark, 0181
PO Box 4896, Rietvalleirand, 0174
Telephone: +27 (0) 12 751 6000

Transfer secretaries: Computershare Investor Services Proprietary Limited, 
Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196, South Africa. 
Private Bag X9000, Saxonwold, 2132
Telephone: +27 (0) 11 370 5000

Registered office: 322 15th Road, Randjespark, Midrand, 1685. 
Postal address: PO Box 1638, Parklands, 2121

Contact numbers: Telephone: +27 (0) 11 237 1000
Facsimile: +27 (0) 11 314 5039

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
Date: 08-09-2020 05:13:00
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