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YEBOYETHU (RF) LIMITED - Interim results for the six months ended 30 September 2024 and dividend declaration

Release Date: 25/11/2024 07:05
Code(s): YYLBEE     PDF:  
Wrap Text
Interim results for the six months ended 30 September 2024 and dividend declaration

YeboYethu (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/014734/06)
Share code: YYLBEE
ISIN: ZAE000218483
("YeboYethu" or the "company")


Interim results for the six months ended 30 September 2024 and dividend declaration

Shareholders are advised that YeboYethu's results and reviewed condensed consolidated interim financial
statements for the six months ended 30 September 2024 are available on YeboYethu's website at
www.yeboyethu.co.za

The salient features include:

-   Dividends received from Vodacom of R326.2 million;
-   Gain on remeasurement on financial instrument of R1 249.8 million for the period resulting from the
    Vodacom share price increasing from R98.55 as at 31 March 2024 to R109.47 as at 30 September 2024;
-   Finance costs of R362.2 million incurred during the current financial period;
-   Reduction in debt of R90.0 million with R265.5 million planned subsequent to period end from the dividend
    distribution from Vodacom;
-   Basic earnings per share of 1 765 cents;
-   Declared an interim dividend of 96 cents per share.

YeboYethu's only material investment is its investment in Vodacom Group Limited ('Vodacom'). Shareholders
are advised that Vodacom has released its interim results for the six months ended 30 September 2024 on
SENS and is available for download on the Vodacom website hosted at www.vodacom.com

Declaration of interim dividend No. 24 - payable from income reserves

Notice is hereby given that a gross interim dividend No. 24 of 96 cents per ordinary share in respect of the
six months ended 30 September 2024 has been declared payable on Tuesday 17 December 2024 to
shareholders recorded in the register at the close of business on Friday 13 December 2024. The number of
ordinary shares in issue at the date of this declaration is 52 915 960. The ordinary dividend will be subject to
a local dividend withholding tax rate of 20%. Accordingly, for those shareholders not exempt from paying
dividend withholding tax, the net ordinary dividend will 76.80000 cents per ordinary share.

Last day to trade shares cum dividend              Tuesday 10 December 2024
Shares commence trading ex-dividend              Wednesday 11 December 2024
Record date                                         Friday 13 December 2024
Payment date                                       Tuesday 17 December 2024

Share certificates may not be dematerialised or rematerialised between Wednesday, 11 December 2024 and
Friday 13 December 2024, both days inclusive.

On Tuesday 17 December 2024, the interim dividend will be electronically transferred into the bank accounts
of all certificated shareholders where this facility is available. Shareholders who hold dematerialised shares
will have their accounts at their CSDP or broker credited on Tuesday 17 December 2024.

YeboYethu (RF) Limited tax reference number is 9087475175.

Midrand

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

25 November 2024



Date: 25-11-2024 07:05:00
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