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Reviewed condensed consolidated annual results, dividend declaration and notice of annual general meeting
NU-WORLD HOLDINGS LIMITED
Registration No. 1968/002490/06
(Incorporated in the Republic of South Africa)
JSE share code: NWL ISIN code: ZAE000005070
("Nu-World" or "the Group" or "the Company")
REVIEWED CONDENSED CONSOLIDATED ANNUAL RESULTS FOR THE YEAR ENDED 31 AUGUST 2024,
DIVIDEND DECLARATION AND NOTICE OF ANNUAL GENERAL MEETING ("AGM")
Introduction to the Nu-World Holdings Group
Nu-World is a company incorporated and domiciled in South Africa with subsidiaries in Australia, Brazil, United Arab
Emirates and Hong Kong. The main business of Nu-World and its subsidiaries includes the importing, assembling,
marketing and distribution of branded consumer goods.
The Board presents the Nu-World condensed consolidated results for the twelve months ended 31 August 2024. The
Group's results to 31 August 2024 were satisfactory considering the ongoing distressed South African economy and
slowly recovering Global economy.
Financial highlights
Year ended Year ended
% 31-Aug 31-Aug
Change 2024 2023
R000 R000
Total revenue 8,3% 2 059 500 1 901 931
Basic earnings 4,7% 73 925 70 578
Basic earnings (cents per share) 6,5% 351,5 329,9
Headline earnings (cents per share) 7,1% 353,1 329,8
Net asset value (cents per share) 3,3% 7 414.4 7 179,9
Dividend per share (cents) 8,3% 135,7 125,3
DECLARATION OF FINAL DIVIDEND
Notice is hereby given that a final gross dividend of 135,7 cents per share was declared on 24 October 2024 payable to
shareholders recorded in the register of Nu-World at the close of business on the record date appearing below. The
dividend is payable out of cash reserves.
- Dividends have been declared out of profits available for distribution.
- Local Dividends Withholding Tax rate is 20%.
- The gross dividend amount is 135,7 cents per ordinary share.
- The net cash dividend amount is therefore 108.56 cents per ordinary share.
- The Company has 21 793 785 ordinary shares in issue as at the declaration.
- The Company's income tax reference number is 9100/085/71/2.
The salient dates pertaining to the final dividend are as follows:
Declaration announcement: Thursday, 24 October 2024
Last date to trade ''cum'' dividend Tuesday, 10 December 2024
Date trading commences ''ex'' dividend Wednesday, 11 December 2024
Record date Friday, 13 December 2024
Date of payment Tuesday, 17 December 2024
Ordinary share certificates may not be dematerialised or rematerialised between Wednesday, 11 December 2024 and
Friday, 13 December 2024, both days inclusive.
Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders' bank
accounts on the payment date. In the absence of specific mandates, dividend cheques will be posted to shareholders.
Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker credited on
Tuesday, 17 December 2024.
Annual report and notice of AGM
The 2024 Integrated Annual report and the notice of AGM will be issued on or prior to 29 November 2024.
The annual general meeting will take place at 10h00 on Wednesday, 12 February 2025, at the registered office of the
Company. Shareholders are referred to the salient dates and venue below:
MEETING VENUE The Boardroom
Nu-World Holdings Limited, 682 Pretoria Main Road, Wynberg,
Sandton
RECORD DATE – to determine which Friday, 22 November 2024
shareholders are entitled to receive the Notice
of AGM
PUBLICATION/POSTING date Friday, 29 November 2024
LAST DATE TO TRADE – last day to trade to Tuesday, 28 January 2025
determine eligible shareholders that may
attend, speak and vote at the AGM
RECORD DATE – record date to determine Friday, 31 January 2025
eligible shareholders that may attend, speak
and vote at the AGM
MEETING DEADLINE DATE (for Monday, 10 February 2025
administrative purposes, forms of proxy for the
meeting to be lodged by 10h00
MEETING DATE Wednesday, 12 February 2025
PUBLICATION OF RESULTS on SENS Wednesday, 12 February 2025
WEBSITE LINK http://www.nuworld.co.za
Auditor's opinion
These summarised financial statements for the year ended 31 August 2024 have been reviewed by RSM South Africa
Inc., who expressed an unmodified review conclusion. A copy of the auditor's review is available for inspection at the
Company's registered office.
Full announcement
This short-form announcement is the responsibility of the Directors of the Company and is only a summary of the
information in the full announcement released on SENS and therefore does not contain full or complete details. Any
investment decision by investors and/or shareholders should be based on consideration of the full announcement, The
full announcement is available for inspection at the Company's offices on workdays during business hours (at no
charge) or on request from the company secretary by e-mail: bhaikney@nuworld.co.za
The full announcement is available for viewing on the following websites:
Company's website: https://nuworld.co.za/financials/
JSE's website: https://senspdf.jse.co.za/documents/2024/jse/isse/nwl/nwl2024.pdf
On behalf of the Board
J.A. Goldberg G.R. Hindle
Chief Executive Officer Financial Director
Johannesburg
24 October 2024
Sponsor
Questco Corporate Advisory
Date: 24-10-2024 03:45:00
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