BELL EQUIPMENT LIMITED BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa) (Registration number 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
("Bell Equipment" or "the Company")
PROVISIONAL AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021
INTRODUCTION
Bell Equipment is a Proudly South African and global company with more than 60 years of experience in the manufacture, distribution and support of materials handling equipment. Our comprehensive network of Bell branches and independent dealers supplies equipment solutions, ancillary products and after-sales services to the agriculture, forestry, waste handling, construction and mining industries worldwide.
The content of this short form announcement is the responsibility of the board of directors of the Company.
Deloitte & Touche have issued an unmodified auditor's report on the annual financial statements for the year ended 31 December 2021. The audit report also includes communication of key audit matters. Key audit matters are those matters that, in their professional judgement, were of most significance in their audit of the annual financial statements of the current period. The auditor's report and the annual financial statements are available on the Company's website atwww.bellir.co.za.
Shareholders are advised that this short form announcement represents a summary of the information contained in the full announcement and does not contain full or complete details of the financial results.
Any investment decisions by investors and/or shareholders should be based on a consideration of the full announcement as a whole and shareholders are encouraged to review the full announcement, which is available for viewing on the Company's website (www.bellir.co.za).
Link to financial resultshttps://senspdf.jse.co.za/documents/2022/jse/isse/BEL/Final21.pdf
The full announcement is also available for inspection, at no charge, at the registered office of the Company, 13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900 and at the offices of Bell Equipment Limited's sponsor, Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton, during normal business hours from Monday, 28 March 2022. Investors and/or shareholders may request copies of the full announcement from the Company Secretary (Diana.Mcilrath@bellequipment.com).
FINANCIAL AND OPERATING RESULTS
2021 | 2020 | % change | |
R'000 | R'000 | ||
Revenue | 8 017 125 | 6 690 277 | 20 |
Profit from operating activities | 403 722 | 35 618 | 1 033 |
Profit (loss) for the year | 294 266 | (57 159) | 615 |
Net cash inflow for the year | 81 639 | 176 319 | (54) |
Earnings (loss) per share (basic)(cents) | 300 | (67) | 548 |
Headline earnings (loss) per share (basic)(cents) | 294 | (31) | 1 048 |
Net asset value per share (cents) | 4 038 | 3 664 | 10 |
DIVIDENDS |
Notice is hereby given that the directors have declared a gross final cash dividend of 50 cents per ordinary share for the year ended 31 December 2021 payable to ordinary shareholders in accordance with the timetable below.
The net final dividend is 40 cents per share for ordinary shareholders who are not exempt from dividends tax. The dividend withholding tax rate is 20 percent.
The dividend has been declared from income reserves.
The company's income tax reference number is 9022169206.
The issued share capital at the declaration date is 95 629 385 ordinary shares.
The salient dates for the dividend will be as follows:
Last day of trade to receive a dividend | Tuesday, 19 April 2022 |
Shares commence trading "ex" dividend | Wednesday, 20 April 2022 |
Record date | Friday, 22 April 2022 |
Payment date | Monday, 25 April 2022 |
Share certificates may not be dematerialised or rematerialised between Wednesday, 20 April 2022, and Friday, 22 April 2022, both days inclusive.
A shareholders' presentation will be made available on the Company's website.
On behalf of the board
Gary Bell ChairmanLeon Goosen Chief ExecutiveRichards Bay 28 March 2022
DIRECTORS Non-executive
GW Bell (Chairman), HR van der Merwe* (Lead Independent), DH Lawrance*, ME Ramathe*, R Naidu*, AJ Bell *Independent
HR van der Merwe was appointed as Lead Independent Director on 17 February 2022, replacing JR Barton who resigned as non-executive director and Lead Independent Director on 16 February 2022.
Executive
L Goosen (Group Chief Executive), A Goordeen (Alternate), KJ van Haght (Group Finance Director)
Registered Office 13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900
Company Secretary
D McIlrath
Transfer Secretaries
JSE Investor Services Proprietary Limited 19 Ameshoff Street, Johannesburg, 2001
Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196
Auditors
Deloitte & Touchewww.bellir.co.za
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Disclaimer
Bell Equipment Limited published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 14:30:10 UTC.
