ACSION LIMITED - Reviewed Condensed Consolidated Financial Results for the year ended 29 February 2024 and Cash Dividend Declaration

Reviewed Condensed Consolidated Financial Results for the year ended 29 February 2024 and Cash Dividend Declaration

Acsion Limited
Incorporated in the Republic of South Africa
(Registration number 2014/182931/06)
Share code: ACS ISIN: ZAE000198289
("Acsion" or "the Company")


REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED
29 FEBRUARY 2024 AND CASH DIVIDEND DECLARATION


KEY FINANCIAL HIGHLIGHTS

REVENUE
21% increase to R1.43 billion (2023: R1.19 billion)

EARNINGS PER SHARE
17% increase to 270 cents (2023: 231 cents)

HEADLINE EARNINGS PER SHARE
18% decrease to 98 cents (2023: 120 cents)

NET ASSET VALUE PER SHARE
11% increase to 2 662 cents (2023: 2 391 cents)

FINAL DIVIDEND DECLARED
16 cents per share (2023: 18 cents per share)

DIVIDEND DECLARATION
On 11 July 2024, the board of directors declared a final cash gross dividend (No. 7) of 16 cents per ordinary
share, payable out of income reserves to all shareholders of Acsion.

The dividend per share is calculated based on 394 959 976 shares in issue as at the date of the dividend
declaration and therefore amounts to R63 193 596 in aggregate. The net dividend amount, excluding South
African dividend tax of 20%, which equates to 3.2 cents, is 12.80 cents per share for those shareholders
that are not exempt from dividend tax.

Acsion's income tax reference number is 9794017161.

In compliance with the requirements of Strate, the Company has determined the following salient dates for
the payment of the final dividend:

Last day to trade cum dividend                        Tuesday, 30 July 2024
Shares commence trading ex dividend                   Wednesday, 31 July 2024
Record date                                           Friday, 2 August 2024
Payment date                                          Monday, 5 August 2024

Shares may not be rematerialised or dematerialised between Wednesday, 31 July 2024 and Friday,
2 August 2024, both days inclusive.

RESULTS ANNOUNCEMENT
This results announcement is the responsibility of the directors of Acsion, and the content was approved by
the Board on 11 July 2024. This results announcement does not include full or complete details of the
reviewed condensed consolidated financial results for the year ended 29 February 2024 ("Results")
released on SENS on 12 July 2024. Any investment decision should be based on the Results as a whole.
None of the information in this announcement has been reviewed or reported on by the Company's auditors.

The Results have been reviewed by the Company's external auditor, BDO South Africa Incorporated, who
expressed an unmodified review conclusion thereon. The auditor's review conclusion, which is included in
the Results, is available on the Company's website at: https://www.acsionsa.co.za/investor/ and on the
JSE's cloudlink at:
https://senspdf.jse.co.za/documents/2024/jse/isse/ACSE/YE24.pdf


H Zacra                           K Anastasiadis
Chairman                          Chief Executive Officer


Johannesburg
12 July 2024


Directors: K Anastasiadis (CEO), C van Rensburg (FD), PD Sekete#, M Kok*, L Osrin-Karp*, H Zarca
(Chairman)* (* Independent non-executive, # Non-executive)

Registered office: Mall@Reds, 1st Floor, Corner of Rooihuiskraal and Hendrik Verwoerd Drives,
Rooihuiskraal, Ext 15, Centurion

Postal address: PO Box 569, Wierda Park, 0149

Auditors: BDO South Africa Incorporated, Wanderers Office Park, 52 Corlett Drive, Illovo, Sandton, 2196

Transfer Secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers,
15 Biermann Avenue, Rosebank, 2192

Sponsor: Merchantec Capital, Illovo Point, 13th Floor, 68 Melville Road, Illovo, Sandton, 2196

Company Secretary: MWRK Accountants and Auditors Incorporated

Date: 12-07-2024 10:26:00
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