GRAND PARADE INVESTMENTS LIMITED - Financial Results For The Year Ended 30 June 2023

Financial Results For The Year Ended 30 June 2023

GRAND PARADE INVESTMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI”, “the Group” or “the Company”)

SHORT FORM ANNOUNCEMENT: FINANCIAL RESULTS FOR THE YEAR ENDED
30 JUNE 2023

1.   SALIENT FEATURES

     GPI reported a headline profit of R11.0 million for the financial year ended 30 June 2023,
     an improvement of R24.7 million (180%) from a loss of R13.7 million for the prior
     corresponding period.

     Revenue from continuing operations (consisting primarily of dividends received from the
     Spur Corporation) decreased by R9.3 million, to R1.3 million from R10.7 million in the
     prior corresponding period, following the unbundling of the Group’s Spur Corporation
     shares.

     Headline earnings per share increased by 180% to 2.56 cents per share from a loss of
     3.20 cents per share in the prior corresponding period.

     Basic loss per share increased by 30% to 3.54 cents per share, from 2.73 cents per share
     in the prior corresponding period. The increase in loss per share is primarily due to costs
     associated with the restructuring transactions, including the acquisition of a majority of
     GPI shares by GMB Liquidity Corporation (Pty) Ltd during the financial year. The losses
     include the impairment of the properties held for sale and additional legal and related
     transaction costs.

2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:

     https://senspdf.jse.co.za/documents/2023/JSE/ISSE/GPLE/FY23.pdf

     A copy of the Full Announcement is also available for viewing on the Company’s
     website at https://www.grandparade.co.za/investor-centre/results-reports-notices or may
     be requested in person, at the Company’s registered office or the office of the sponsor,
     at no charge, during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

The Company has based this short form announcement on the financial results for the
year ended 30 June 2023, which have been audited by the Company’s external auditors,
Moore Cape Town Incorporated, who expressed an unmodified audit opinion thereon.

27 September 2023

Sponsor
PSG Capital

Date: 27-09-2023 03:00:00
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