Page 204 - Stock Exchange Handbook 2020 - Issue 3

JSE – REM Profile’s Stock Exchange Handbook: 2020 – Issue 3
DIRECTORS: de Bruyn S E N (ind ne),
Remgro Ltd. HarrisPK(ind ne), Lubbe M,
Mageza Mr N P (ind ne), Moleketi P J (ind ne),
REM
Morobe M M (ind ne), Neethling P J (ne),
Nieuwoudt G G (ne), Rantloane L (alt),
Rupert A (ne), Rupert J P (Chair, ne),
Malherbe J (Co Dep Chair, ne),
Robertson F (Co Dep Chair, ind ne),
DurandJJ(CEO),WilliamsN(CFO)
Scan the QR code to POSTAL ADDRESS: PO Box 456, Stellenbosch,
visit our website 7599
EMAIL: dh@remgro.com
WEBSITE: www.remgro.com
TELEPHONE: 021-888-3000 FAX: 021-888-3399
COMPANY SECRETARY: Danielle Dreyer
ISIN: ZAE000026480 SHORT: REMGRO CODE: REM
REG NO: 1968/006415/06 FOUNDED: 2000 LISTED: 2000 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
NATURE OF BUSINESS: AUDITORS: PwC Inc.
Remgro Ltd. is an investment holding company established BANKERS: First National Bank
with effect from 1 April 2000, after the restructuring of the
former Rembrandt Group Ltd. The Group’s interests consist CALENDAR Expected Status
mainly of investments in consumer products; banking; Next Final Results Sep 2020 Unconfirmed
healthcare; insurance; industrial; infrastructure as well as Annual General Meeting Nov 2020 Unconfirmed
media and sport. Next Interim Results Mar 2021 Unconfirmed
The company’s activities are concentrated mainly on the man-
agement of investments and the provision of support rather
CAPITAL STRUCTURE AUTHORISED ISSUED
than on being involved in the day-to-day management of REM Ords no par 1 000 000 000 529 217 007
business units of investees.
Subsidiaries not wholly owned include listed companies with DISTRIBUTIONS [ZARc]
Pay
Amt
independent boards of directors on which this company has Ords no par 14 Apr 20 20 Apr 20 155.98
Ldt
Interim No 39
non-executive representation. Non-subsidiary investments Final No 38 12 Nov 19 18 Nov 19 253.20
comprisebothlistedandunlistedcompaniesnotcontrolledby Interim No 37 9 Apr 19 15 Apr 19 155.98
this company and which are mostly associated companies due Final No 36 13 Nov 18 19 Nov 18 237.96
to significant influence and board representation.
LIQUIDITY: Jun20 Ave 7m shares p.w., R1 187.3m(67.6% p.a.)
SECTOR: Fins—Financial Srvcs—Gen Financial—Specialty Finance FINA 40 Week MA REMGRO
CONTROLLED BY: Rupert Beleggings (Pty) Ltd.
21868
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2019
Other 86.34%
Public Investment Commissioner 13.66% 19242
NOTE: Remgro unbundled RMB Holdings Ltd. shares in the ratio of 16617
0.69939 unbundled shares for every 1 share held in Remgro on 8 June
2020.
13991
FINANCIAL STATISTICS
(R million) Dec 19 Jun 19 Jun 18 Jun 17 Jun 16 11365
Interim Final Final Final Final(rst)
Sales 31 564 56 968 31 115 27 600 27 697 2015 | 2016 | 2017 | 2018 | 2019 | 8739
Op Inc 2 637 3 278 1 260 760 512
NetIntPd(Rcvd) 413 209 380 622 616 Recent Announcements
Tax 827 987 423 227 - 21 Thursday, 04 June 2020: Holders of Remgro no par value ordinary
Minority Int 881 433 256 77 45 shares and Remgro unlisted no par value B ordinary shares
Att Inc 4 329 7 319 8 943 8 877 5 364 (“Remgro Shareholders”) are referred to the detailed terms and
TotCompIncLoss 7 436 7 807 8 888 6 411 7 988 finalisation announcements released by Remgro on the Stock
Hline Erngs-CO 4 242 8 195 8 074 7 772 5 874 Exchange News Service on 14 April 2020 and 26 May 2020 re-
Fixed Ass 17 313 14 660 13 745 6 797 6 607 spectively, regarding the unbundling by way of a dividend in
Inv in Assoc 74 818 71 183 73 722 80 883 78 565 specie ofthe 397 447 747 shares in RMH(the “UnbundledRMH
Inv & Loans 3 559 4 185 3 764 3 907 4 288 Shares”) to Remgro Shareholders. Remgro Shareholders will,
Def Tax Asset 199 199 158 23 42 pursuant to the dividend in specie, become entitled to
Tot Curr Ass 44 220 40 539 40 375 22 317 14 442
Ord SH Int 105 471 101 097 98 098 92 432 78 844 Unbundled RMH Shares in the ratio of 0.69939 Unbundled
Minority Int 15 554 15 092 15 348 2 870 2 813 RMH Shares for every 1 share held in Remgro (“Remgro
LT Liab 29 032 26 770 25 891 18 493 20 821 Shares”) (the “Remgro Unbundling”). The Remgro
Tot Curr Liab 14 982 12 579 11 591 5 260 6 622 Unbundling constitutes an unbundling transaction in terms of
section 46 of the South African Income Tax Act, No. 58 of 1962
PER SHARE STATISTICS (cents per share) (“Income Tax Act”).
EPS (ZARc) 555.95 938.80 1 144.77 1 523.43 1 022.44
HEPS-C (ZARc) 544.78 1 051.18 1 033.55 1 018.89 812.27 Purpose of the announcement
Pct chng p.a. 3.7 1.7 1.4 25.4 - 28.0 The purpose of this announcement is to notify Remgro Share-
Tr 5yr av grwth % - 4.2 15.5 11.6 9.5 holders of the following:
DPS (ZARc) 155.98 409.18 385.96 359.13 333.73 - The value to be utilised in determining the cash payment due to
Pct chng p.a. - 6.0 7.5 7.6 7.5 a Remgro Shareholder in respect of any fractional entitlements
Tr 5yr av grwth % - 7.7 9.0 9.5 13.0 (“Cash Proceeds”);
NAV PS (ZARc) 13 544.36 12 982.82 12 554.05 11 835.08 11 109.58 - The closing prices of both the Unbundled RMH Shares and
3 Yr Beta 0.56 0.62 0.77 0.89 0.93 Remgro Shares on Wednesday, 3 June 2020, the day the Remgro
Price High 14 666 15 914 17 992 19 615 20 537 Shares begin trading “ex” the entitlement to receive the
Price Low 11 623 12 624 13 661 14 477 15 566 Unbundled RMH Shares; and
Price Prd End 14 147 13 632 14 821 15 487 18 476
- The ratio in which the expenditure incurred and/or the market
value (for purposes of paragraph 29 of the Eighth Schedule to
RATIOS
Ret on SH Fnd 8.61 6.67 8.11 9.40 6.62
Ret On Tot Ass 8.25 5.83 2.93 7.39 5.28 the Income Tax Act) (“Market Value”) in respect of the Remgro
Oper Pft Mgn 8.35 5.75 4.05 2.75 1.85 Shares must be apportioned between the Remgro Shares and
D:E 0.25 0.24 0.24 0.20 0.28 the Unbundled RMH Shares for South African taxation
Int Cover 6.97 n/a 17.42 2.91 n/a purposes (“Apportionment Ratio”).
Current Ratio 2.95 3.22 3.48 4.24 2.18
Div Cover 3.56 2.29 2.97 4.24 3.06
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