GRAND PARADE INVESTMENTS LIMITED - Financial results for the year ended 30 June 2024 and dividend declaration

Financial results for the year ended 30 June 2024 and dividend declaration

GRAND PARADE INVESTMENTS 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 2024 AND DIVIDEND DECLARATION



1.   SALIENT FEATURES

     GPI reported a headline profit of R82.4 million for the financial year ended 30 June 2024,
     an improvement of R71.4 million (649%) from earnings of R11.0 million for the prior
     corresponding period.

     Headline earnings per share increased by 650% to 19.20 cents per share from earnings
     of 2.56 cents per share in the prior corresponding period.

     Basic earnings per share increased by 584% to 17.14 cents per share, from a loss of 3.54
     cents per share in the prior corresponding period.

     The considerable improvement in the earnings per share and headline earnings per
     share for the current reporting period is mainly due to the reduction of the costs of the
     restructuring transactions associated with the exit of the non-core investments of the
     Group in the prior year.


2.   DIVIDEND DECLARATION

     The directors resolved to declare a final gross dividend of 11.5 cents per share
     (2023: 10 cents) from income reserves in respect of the year ended 30 June 2024.


     The dividend is subject to a local dividend tax rate of 20%, resulting in a net dividend of
     9.2 cents per share (2023: 8.0 cents), unless the shareholder is exempt from paying
     dividend tax or is entitled to a reduced rate of dividend tax in terms of an applicable
     double-taxation agreement.


     As at the declaration date, the Company has 466 827 641 shares in issue. The
     Company's income tax reference number is 9037/0380/24
     .
     Shareholders are hereby advised of the following salient dates and times for the payment
     of the dividend:

      Declaration date                                    Monday, 23 September 2024

      Last day to trade cum dividend                      Tuesday, 3 December 2024

      Securities commence trading ex dividend             Wednesday, 4 December 2024

      Record date for purposes of determining the         Friday, 6 December 2024
      registered holders of shares to participate in the
      dividend at close of business on

      Payment date                                        Monday, 9 December 2024


Share certificates may not dematerialised or rematerialised between Wednesday, 4 December
2024 and Friday, 6 December 2024, both dates inclusive.

3.   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/2024/JSE/ISSE/GPLE/FY24.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 2024, which have been audited by the Company's external auditors,
     Moore Cape Town Incorporated, who expressed an unmodified audit opinion thereon.

Cape Town
23 September 2024

Sponsor
PSG Capital

Date: 23-09-2024 02:30:00
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