| Grand parade investments limited: Financial results for the year ended 30 June 2024 and dividend declaration. |
| 1. SALIENT FEATURES |
| GPI reported a headline profit of R82.4 million for the financial year ended 30 June 2024, an improvement of R71.4 million (649%) from earnings of R11.0 million for the prior corresponding period. |
| Headline earnings per share increased by 650% to 19.20 cents per share from earnings of 2.56 cents per share in the prior corresponding period. |
| Basic earnings per share increased by 584% to 17.14 cents per share, from a loss of 3.54 cents per share in the prior corresponding period. |
| The considerable improvement in the earnings per share and headline earnings per share for the current reporting period is mainly due to the reduction of the costs of the restructuring transactions associated with the exit of the non-core investments of the Group in the prior year |
| 2. DIVIDEND DECLARATION |
| The directors resolved to declare a final gross dividend of 11.5 cents per share (2023: 10 cents) from income reserves in respect of the year ended 30 June 2024. |
| The dividend is subject to a local dividend tax rate of 20%, resulting in a net dividend of 9.2 cents per share (2023: 8.0 cents), unless the shareholder is exempt from paying dividend tax or is entitled to a reduced rate of dividend tax in terms of an applicable double-taxation agreement. |
| As at the declaration date, the Company has 466 827 641 shares in issue. The Company’s income tax reference number is 9037/0380/24 |
| Shareholders are hereby advised of the following salient dates and times for the payment of the dividend: |
| Declaration date |
Monday, 23 September 2024 |
| Last day to trade cum dividend |
Tuesday, 3 December 2024 |
| Securities commence trading ex dividend |
Wednesday, 4 December 2024 |
| Record date for purposes of determining the registered holders of shares to participate in the dividend at close of business on |
Friday, 6 December 2024 |
| Payment date |
Monday, 9 December 2024 |
|
| Share certificates may not dematerialised or rematerialised between Wednesday, 4 December 2024 and Friday, 6 December 2024, both dates inclusive. |
| For the full document click the link below:
Grand parade investments limited |
