LONDON FINANCE & INVESTMENT GROUP PLC – Yr-end monetary outcomes and dividend declaration – SENS

0
51

Year-end financial results and dividend declaration

London Finance & Investment Group PLC
(Registered in England with registered number
201151)
LSE code: LFI
JSE code: LNF London Finance & Investment Group PLC
ISIN: GB0002994001
(“London Finance” or “the Company”)

Summarized audited results for the year ended 30 June 2022 and dividend declaration

Introduction to the company

London Finance and Investment Group PLC. (LSE: LFI, JSE: LNF), the investment company whose
The assets consist primarily of strategic investments and a general portfolio, its review announced today
Financial Results for the Year Ended 30 June 2022 and Directors’ Dividend Statement.

highlights

Results

• Net assets down to 54.8p per share (2021 – 60.5p per share)
• The sale of 4,200,000 shares in Finsbury Food Group Plc for £3,445,000 resulted in
Impairment of Strategic Investments from £8,202,000 to £3,957,000.
• Strategic investments had a return of 0% (2021 -0%).
• The value of the general portfolio has increased, including investment purchases and
Sales for the year up 16.3% from £12,081,000 to £14,055,000
• The fair value of General Portfolio investments decreased by during the period
£508,000
• No significant increase in the Group’s operating costs
• A final dividend of 0.60p per share is recommended, giving a total of 1.15p per share
the year (2021 – 1.15p)
• Basic and total earnings/(loss) per share (1.4pp) (2021 – earnings of 4.8pp)

dividend

In relation to the ordinary gross cash dividend and in relation to South African tax law, the following applies
The dividend tax ruling applies only to those shareholders who are included in the South African register
on Friday, December 9, 2022.

• The number of shares outstanding as of the dividend declaration date is 31,207,479;
• The dividend was declared from retained earnings. The funds come from the company
Main bank account in London and considered an overseas dividend by South Africans
shareholders; and
• The Company’s UK income tax reference number is 948/L32120.

Dividend dates:

Last Trading Day (SAT) Tuesday 6 December 2022
The shares will trade ex-dividend (SA) on Wednesday, December 7, 2022
The shares will trade ex-dividend (UK) on Thursday 8th December 2022
Deadline (UK and SA) Friday 9 December 2022
Payday Wednesday 21st December 2022

JSE listing requirements require disclosure of additional information related to dividends
payments.
Shareholders who are entered in the South African register are reminded that there is a withholding tax on dividends
be deducted from the final gross dividend amount of ZAR 11.89206 cents per share at a rate of 20%
unless a shareholder qualifies for an exemption; Shareholders entered in the South African Register
who do not qualify for an exemption will therefore receive a net dividend of ZAR 9.51365 cents per
Split. Dividend withholding tax and the information contained in this paragraph is direct only
Application to shareholders on the South African register who should ask any questions
on the application of dividend withholding tax to Computershare Investor Services (Pty) Limited,
Phone: +27 11 370 5000.

Share certificates may not be dematerialized or rematerialized between Wednesday 7 December 2022
and Friday, December 9, 2022, both days included. Shares cannot be transferred between the
Registrations in London and South Africa during this period either.

Full Announcement

This short notice is the responsibility of the Board of Directors of the Company and is a summary of the
information in the full announcement and does not contain full or full details of the full announcement,
which can be viewed on the following website:

JSE website: https://senspdf.jse.co.za/documents/2022/jse/isse/lojm/fy2022.pdf

Any investment decision by investors and/or shareholders should be based on consideration of the
Information contained in the full financial results announcement and financial statements copies
which are also available for inspection on weekdays during business hours at the company’s premises
(free of charge) or upon request to the Company Secretary by email: [email protected]

On behalf of the Board of Directors

United Kingdom
September 30, 2022

JSE sponsor for London Finance

Questco Corporate Advisory Proprietary Limited

Date: 30-09-2022 04:30:00
Produced by the JSE SENS department. The SENS Service is an information distribution service managed by JSE Limited (“JSE”).
The JSE makes no representation, warranty or guarantee, express, implied or implied, as to the truth, accuracy or completeness of this information
the information published on SENS. The JSE, its officers, employees and agents shall have no liability for (or in relation to) any direct,
indirect, incidental or consequential loss or damage of any kind howsoever arising out of the use of SENS or the use of or reliance on it,
Information disseminated via SENS.