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Results for the year ended 31 March 2024, dividend declaration, notice of AGM and distribution of annual report
ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
("Argent" or "the company")
AUDITED ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2024, DIVIDEND
DECLARATION, NOTICE OF ANNUAL GENERAL MEETING AND DISTRIBUTION OF ANNUAL REPORT
FINANCIAL SUMMARY 31 March 2024 31 March 2023 % change
Income Statement
Revenue R 000 2,544,216 2,459,359 3.5%
EBITDA R 000 394,615 360,043 9.6%
Operating profit R 000 342,729 304,358 12.6%
Profit for the year R 000 252,305 236,265 6.8%
Statement of financial position
Total assets R 000 2,514,670 2,159,589 16.4%
Total liabilities R 000 792,761 646,596 22.6%
Total shareholders' funds R 000 1,721,909 1,512,993 13.8%
Net asset value per share cents 3,115.4 2,683.6 16.1%
Shares in issue
- at end of period excluding treasury shares 000 54,431 55,633 -2.2%
- weighted average 000 55,424 55,801 -0.7%
- diluted weighted average 000 55,424 56,051 -1.1%
Earnings and dividends per share
Basic earnings per share cents 441.9 413.1 7.0%
Diluted earnings per share cents 441.9 411.3 7.4%
Headline earnings per share cents 438.5 411.3 6.6%
Diluted headline earnings per share cents 438.5 409.5 7.1%
Dividends per share cents 115.0 95.0 21.1%
DIVIDEND DECLARATION
The board of directors of the company ("Board") have declared and approved a final gross dividend of 60 cents per
share for the year ended 31 March 2024 from income reserves. Total ordinary dividends per share in respect of the
financial year to 31 March 2024 therefore amounts to 115 cents per share (2023 – 95 cents per share).
The following dates will apply to the abovementioned final dividend:
Last day to trade cum dividend: Tuesday, 16 July 2024
Trading ex-dividend commences: Wednesday, 17 July 2024
Record date: Friday, 19 July 2024
Dividend payment date: Monday, 22 July 2024
Share certificates may not be dematerialised or re-materialised between Wednesday, 17 July 2024 and Friday,
19 July 2024, both days inclusive.
In determining the dividends tax of 20% to be withheld in terms of the Income Tax Act (No 58 of 1962), those
shareholders who are not exempt from the dividend tax will therefore receive a dividend of 48 cents per share net of
dividend tax. The company has 54 430 980 ordinary shares in issue as at 27 June 2024 and its income tax reference
number is 9096/002/71/3.
Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker
credited/updated on Monday, 22 July 2024.
SHORT FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the Board. It is only a summary of the audited consolidated
annual financial statements for the year ended 31 March 2024 ("AFS") contained in the company's annual report
("Annual Report") and does not contain full or complete details. Any investment decisions by investors and/or
shareholders should be based on consideration of the AFS, as a whole.
The AFS have been audited by RSM South Africa Inc., who expressed an unmodified audit opinion thereon. The
Annual Report, including the AFS and auditor's report, is available on the company's website at
https://argent.co.za/wp-content/uploads/2024/06/annual-report-2024.pdf, and on the JSE cloudlink at
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/ART/FY2024.pdf.
DISTRIBUTION OF ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that the company's Annual Report, incorporating the AFS and the notice of the
annual general meeting of the company ("Notice of AGM"), has been distributed to shareholders today,
27 June 2024. The Annual Report is available on the company's website at the aforementioned link.
Notice is hereby given that Argent's annual general meeting ("AGM") of shareholders will be held in the company's
boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Thursday,
22 August 2024 at 11:00 to transact the business as stated in the abovementioned Notice of AGM.
Kindly note the following salient details:
Issuer name Argent Industrial Limited
Type of instrument Ordinary shares
ISIN number ZAE000019188
JSE code ART
Meeting type Annual General Meeting
Meeting venue First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge
Office Estate, Umhlanga
Record date – to determine which Friday, 21 June 2024
shareholders are entitled to receive the notice
of meeting
Publication/posting date Thursday, 27 June 2024
Last day to trade – Last day to trade to Tuesday, 13 August 2024
determine eligible shareholders that may
attend, speak and vote at the meeting
Record date – to determine eligible Friday, 16 August 2024
shareholders that may attend, speak and vote
at the meeting
Meeting deadline date (For administrative Tuesday, 20 August 2024
purposes, forms of proxy for the meeting to be
lodged)
Meeting date 11:00 on Thursday, 22 August 2024
Publication of results Thursday, 22 August 2024
Website link https://argent.co.za/wp-content/uploads/2024/06/annual-
report-2024.pdf
Umhlanga
27 June 2024
Sponsor
PSG Capital
Date: 27-06-2024 02:29:00
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