Nictus Limited

Incorporated in the Republic of South Africa Registration number 1981/011858/06 ISIN code: NA0009123481

JSE share code: NCS

("Nictus" or the "Company" or the "Group")

ABRIDGED REPORT RELATING TO THE AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2022 AND NOTICE OF ANNUAL GENERAL MEETING

KEY FEATURES

  • Group total assets increased by 5.79% to R710.0 million (2021: R671.2 million)
  • Group revenue decreased by 22.93% to R44.6 million (2021: R57.9 million)
  • Headline earnings per share decreased by 48.83% to 9.22 cents (2021: 18.02 cents)
  • Earnings per share decreased by 47.61% to 9.43 cents (2021: 18.00 cents)
  • Profit for the year decreased by 47.60% to R5.0 million (2021: R9.6 million)
  • Dividend per share declared decreased by 40.00% to 3.00 cents (2021: 5.00 cents)*
  • A separate announcement will be published on SENS, today, containing pertinent details of the final dividend for the year ended 31 March 2022.

ABOUT THIS SHORT FORM 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 results announcement and does not contain full or complete details.

Any investment decisions by investors and/or Nictus shareholders ("Shareholders") should be based on consideration of the full results announcement published on the Company's website at http://www.nictuslimited.co.za/wp-content/uploads/2022/06/Nictus-Limited_Summarised-Financial-Statements-2022.pdfand accessible via the JSE link at https://senspdf.jse.co.za/documents/2022/JSE/ISSE/NCS/AFS_2022.pdf.

The consolidated audited financial statements, from which the full results announcement has been extracted, have been audited by PricewaterhouseCoopers Inc., who expressed an unmodified audit opinion thereon. There are no key audit matters contained in the auditor's report, as confirmed on page 40 of the integrated annual report, incorporating the consolidated audited financial statements, which is

available on the Company's website at http://www.nictuslimited.co.za/wp-content/uploads/2022/06/Nictus-Limited_IAR-2022.pdf.

The full results announcement and the consolidated audited financial statements, incorporating the auditor's report, are also available for inspection at the Company's registered office and the office of the Company's JSE sponsor, at no charge and during standard business hours.

NOTICE OF ANNUAL GENERAL MEETING

The Company's integrated annual report contains a notice convening the annual general meeting of Shareholders for the year ended 31 March 2022 ("AGM"). The AGM will be held on Thursday, 1 September 2022 at 16:00, entirely by way of electronic participation.

Shareholders are encouraged to read the notice of AGM for the information on how to electronically attend, participate in and vote at the AGM.

The notice of AGM and the summarised version of the consolidated audited financial statements are to be posted to Shareholders today, 30 June 2022. These documents and the integrated annual report are also available on the Company's website at http://www.nictuslimited.co.za/.

The record date for purposes of determining the Shareholders entitled to receive the notice of AGM is Friday, 24 June 2022. The record date for purposes of determining which Shareholders are entitled to electronically attend, participate in and vote at the AGM is Friday, 19 August 2022. Accordingly, the last date to trade in the Company's shares on the JSE in order to be eligible to electronically attend, participate in and vote at the AGM is Tuesday, 16 August 2022.

Bryanston

30 June 2022

Sponsor

One Capital

Directors

Professor Barend J Willemse (Independent non-executive chairperson)

Cornelius J de Vrye (Independent non-executive director)

Sarita Martin (Independent non-executive director)

Philippus J de W Tromp (Non-executive director)

Gerard R de V Tromp (Executive group managing director)

Eckhart H Prozesky (Executive group financial director)

Company secretary

Veritas Eksekuteurskamer Proprietary Limited Registration number: 1984/007487/07 Block C, 1st floor

The Main Straight Office Park

392 Main Road, Bryanston 2191 South Africa

PO Box 2878

Randburg 2125

South Africa

JSE Sponsor

One Capital

17 Fricker Road

Illovo, Sandton 2196

South Africa

Registered office of the Company

Head office

Block C, 1st floor

The Main Straight Office Park 392 Main Road, Bryanston 2191 South Africa

PO Box 2878

Randburg 2125

South Africa

Windhoek office

1st floor, Nictus Building

140 Mandume Ndemufayo Avenue

Windhoek, Namibia

Private Bag 13231

Windhoek, Namibia

Auditor and reporting accountant PricewaterhouseCoopers Inc.

4 Lisbon Lane, Waterfall City

Juskei View 2090

Private Bag X36

Sunninghill 2157

South Africa

www.nictuslimited.co.za

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Nictus Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 07:31:08 UTC.