| 1. Highlights |
- Assets under management and administration of R350.1 billion as of 30 September 2024 (2023: R318.1 billion), up 10.1%.
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- Revenue of R946.0 million (2023: R843.9 million), up 12.1%.
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- Profit after tax of R347.2 million (2023: R300.4 million), up 15.6%.
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- Basic earnings and headline earnings per share of 229.1 cents (2023: 198.9 cents), up 15.2%, and diluted earnings and diluted headline earnings per share of 225.4 cents (2023: 194.5 cents), up 15.9%.
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- Total dividend per share of 217 cents (2023: 210 cents), up 3.3%.
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| 2. Final dividend |
| Sygnia is committed to rewarding its shareholders with regular distributions of free cash flow generated. Accounting for projected cash requirements, a gross final dividend for the financial year ended 30 September 2024 of 127 cents per share has been declared out of income reserves, resulting in a net dividend of 101.6 cents per share for shareholders after Dividends Tax (“DT”). Together with the interim gross dividend of 90.0 cents per share, this amounts to a total gross dividend of 217.0 cents per share. |
| Last day to trade: |
Friday, 20 December 2024 |
| Shares trade ex-dividend: |
Monday, 23 December 2024 |
| Record date: |
Friday, 27 December 2024 |
| Payment date: |
Monday, 30 December 2024 |
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| Share certificates may not be dematerialised or rematerialised between Monday, 23 December 2024 and Friday, 27 December 2024, both dates inclusive. Dividends declared after 31 March 2012 are subject to DT, where applicable. In terms of the DT, the following additional information is disclosed: |
- The local DT rate is 20%;
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- The number of ordinary shares in issue at the date of this declaration is 152 185 989;
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- Sygnia’s tax reference number is 9334/221/16/6.
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| 3. Short form announcement |
| The short-form announcement is the responsibility of the directors and is only a summary of the information contained in the consolidated annual financial statements. This announcement does not include the information required under paragraph 16A(j) of IAS 34. Any investment decisions by investors and/or shareholders should be based on consideration of the consolidated annual financial statements on the Company’s website (www.sygnia.co.za). Copies of the consolidated annual financial statements are available on request by emailing investorrelations@sygnia.co.za and at the Company’s sponsor. In addition, the consolidated annual financial statements are available for inspection, at no cost, at the registered office of the Company from Monday to Friday between 08:00 and 17:00. The summarised consolidated annual financial statements can be accessed directly using the following JSE link: https://senspdf.jse.co.za/documents/2024/jse/isse/syge/FY24.pdf. |
| 4. Audit opinion |
| The auditors, Forvis Mazars, have issued an unmodified audit opinion on the consolidated annual financial statements for the year ended 30 September 2024, which includes communication of key audit matters. As set out above, copies of the consolidated annual financial statements (including the key audit matters and the unmodified audit opinion) are available on request by emailing investorrelations@sygnia.co.za and at the Company’s sponsor at jsesponsor@standardbank.co.za. |
| 5. 2024 Integrated Report |
| Sygnia shareholders are advised that the 2024 Integrated Report of the Company, together with the full consolidated annual financial statements for the year ended 30 September 2024, will be distributed to shareholders on 4 December 2024. The Integrated Report will be available on the Company’s website, www.sygnia.co.za. Shareholders can contact the Company secretary, Leanne van Wyk, at lvanwyk@sygnia.co.za to request an electronic version of the 2024 Integrated Report, which incorporates the notice of the annual general meeting and form of proxy. The consolidated annual financial statements for the year ended 30 September 2024 have been prepared under the supervision of the Financial Director, RA Ismail CA (SA). |
| 6. Annual general meeting |
| The annual general meeting of shareholders of Sygnia will be held on Tuesday, 28 January 2025 at 10:00 am to transact the business as stated in the notice of the annual general meeting which is included in the 2024 Integrated Report. In terms of section 59 of the Companies Act, No 71 of 2008, the record date to determine which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 17 January 2025. |
| Issuer name |
Sygnia Limited |
| Type of instrument |
Ordinary shares |
| ISIN number |
ISIN: ZAE000208815 |
| JSE code |
SYG |
| Meeting type |
Annual General Meeting |
| Meeting venue |
7th Floor, The Foundry, Cardiff Street, Green Point, Cape Town, 8001 |
| Record date – to determine which shareholders are entitled to receive the Notice of the meeting |
Friday, 22 November 2024 |
| Distribution date |
Wednesday, 4 December 2024 |
| Last day to trade – last day to trade to determine eligible shareholders that may attend, speak and vote at the Meeting |
Tuesday, 14 January 2025 |
| Record date – to determine eligible shareholders that may attend, speak and vote at the Meeting |
Friday, 17 January 2025 |
| Meeting deadline date (for administrative purposes, forms of proxy for the meeting to be lodged) |
Friday, 24 January 2025 |
| Meeting date |
Tuesday, 28 January 2025 |
| Publication of results |
Tuesday, 28 January 2025 |
| Website link |
www.sygnia.co.za/for-shareholders |
For the full document click the link below: |
| Sygnia Limited |
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