Sharenet Sites 
Sharenet Sites
Reviewed results for the year ended 31 March 2024 and Declaration of Final Dividend No. 22
African Media Entertainment Limited
(Incorporated in the Republic of South Africa)
Registration number 1926/008797/06
JSE Code: AME ISIN Number: ZAE000055802
("the company")
REVIEWED RESULTS FOR THE YEAR ENDED 31 MARCH 2024
African Media Entertainment Limited, a broadcast company listed in the Media and Entertainment sector of the Johannesburg Stock Exchange, with a radio footprint across central South Africa and
the Eastern Cape, has pleasure in releasing its results for the year ended 31 March 2024.
Revenue UP 8% at R 290.1 million
Operating profit UP 22% to R 56.9 million
Net profit before tax UP 36% to R 76.7 million
Profit attributable to equity holders UP 51% to R 55.4 million
Headline earnings UP 52% to R 55.4 million
EPS UP 63% to 792.3 cents
HEPS UP 63% to 792.2 cents
Dividend 450 cents gross (Prior year: 350 cents (gross))
Group revenue increased by 8% from R268.7 million in 2023 to R290.1 million.
The earnings per share for the year increased from 485.5 cents in 2023 to 792.3 cents as a result of the improved performance in 2024.
This short- form announcement is the responsibility of the directors and is only a summary of the information in the full announcement. The full announcement was released on SENS on 31 May 2024,
and can be found on the company's website at www.ame.co.za. Copies of the full announcement may also be requested at the company's registered office, at no charge, during office hours. Any
investment decision should be based on the full announcement published on SENS and on the company's website.
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/AME/AMEAR2024.pdf
Declaration of final dividend no 22
The board has declared a final dividend (dividend no 22) of 350 cents per ordinary share (gross) for the year ended 31 March 2024.
The dividend is subject to the Dividends Withholding Tax ("DWT") that was introduced with effect from 1 April 2012.
In accordance with the provisions of the JSE Listings Requirements the following additional information is disclosed.
* the dividend has been declared out of distributable retained earnings;
* the local Dividend Tax rate is 20%;
* the gross dividend amount is 350 cents per ordinary share for shareholders exempt from DWT;
* the net dividend amount is 280 cents per ordinary share for shareholders liable for DWT;
* the company has 6 929 577 ordinary shares in issue ; and
* the company's income tax reference number is 9100/169/71/4.
The following dates are applicable to the dividend:
Last date to trade in order to be eligible for the dividend: Tuesday, 9 July 2024
Date trading commences ex-dividend: Wednesday, 10 July 2024
Record date: Friday, 12 July 2024
Date of payment to shareholders: Monday, 15 July 2024
Share certificates may not be dematerialised/rematerialised between Wednesday, 10 July 2024 and Friday, 12 July 2024, both days inclusive.
The preliminary condensed consolidated financial statements for the year ended 31 March 2024 have been reviewed by the group's external auditors, Mazars
Incorporated who expressed an unmodified review conclusion. A copy of the auditors' review report is available for inspection at the company's registered
office together with the financial statements identified in the auditors' report and can also be reviewed on the following web-link: https://www.ame.co.za.
The auditors' report does not necessarily report on all of the information contained in these financial results. Shareholders are therefore advised that
in order to obtain a full understanding of the nature of the auditors' engagement, they should obtain a copy of the auditors' report together with the
accompanying financial information from the issuer's registered office.
By order of the board
ACG MOLUSI AJ ISBISTER CA(SA)
Independent Non-executive Chairman Financial Director
31 May 2024
Directors Registered office
Non-executive directors: AME Office Park
ACG Molusi (Chairman)* No. 5, 8th Street
DS Qocha* Houghton Estate
J Edwards* Johannesburg, 2198
MA Da Costa* (P.O. Box 3014, Houghton, 2041)
MJ Prinsloo*
KW Thipe* www.ame.co.za
RCH Fedder
SN Ngobese* Sponsor
AcaciaCap Advisors (Pty) Ltd
* independent
Transfer secretary
Computershare Investor Services (Pty) Ltd
Executive directors:
AJ Isbister CA(SA) (Financial Director) Auditors
DM Tiltmann (Chief Executive) Mazars
Company secretary
C Roberts CA(SA)
Date: 31-05-2024 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
