SENS
Changes to the board, Date/Time: 2023/02/22 08:00:00
Changes to the board Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 (“Adcock Ingram” or the “Company”) CHANGES TO THE BOARD In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the Board of directors of Adcock Ingram (“the Board”) hereby announces the following changes: • Mr Kevin Wakeford has resigned as a non-executive director, with effect from 31 March 2023; and • Mr Mark Steyn, the Chief Financial Officer of The Bidvest Group Limited, is appointed as a non- executive director, with effect from 1 April 2023. Shareholders are further advised that Ms Busisiwe Mabuza, is appointed as the Lead Independent Director, with effect from 25 May 2023, replacing Professor Matt Haus, who will then be retiring as previously advised. The Board congratulates Mr Steyn and Ms Mabuza on their appointments and looks forward to their valuable contributions to the Board. The Board expresses gratitude to Mr Wakeford for his invaluable contribution during his tenure on the Board. Midrand 22 February 2023 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22-02-2023 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
Unaudited interim results for the six months ended 31 December 2022 and cash dividend declaration, Date/Time: 2023/02/21 07:05:00
Click below to view full PDF article https://senspdf.jse.co.za/documents/2023/jse/isse/aip/AIP012023.pdf Unaudited interim results for the six months ended 31 December 2022 and cash dividend declaration Adcock Ingram Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or "the Company" or "the Group") Unaudited interim results for the six months ended 31 December 2022 and cash dividend declaration Revenue +8% Gross profit +8% Trading profit +15% HEPS +20% Dividend +20% B-BBEE level 2 Unaudited Unaudited six-month six-month Change period ended period ended % 31 December 2022 31 December 2021 Revenue (R'000) 8 4 676 411 4 345 674 Gross profit (R'000) 8 1 640 236 1 521 652 Trading profit (R'000) 15 623 462 543 226 Operating profit (R'000) 16 594 038 511 584 Headline earnings per share (cents) 20 289.9 242.3 Basic earnings per share (cents) 20 289.9 242.2 Total assets (R'000) 8 036 326 7 560 989 Net asset value per share (cents) 3 412.0 3 096 6 Dividend declared per share (cents) 125.0 104.0 Segment revenue Consumer (R'000) 6 846 707 795 187 OTC (R'000) 15 1 146 256 993 915 Prescription (R'000) 9 1 720 589 1 572 368 Hospital (R'000) (2) 962 462 983 891 Segment trading profit Consumer (R'000) 7 185 182 172 934 OTC (R'000) 9 181 081 166 847 Prescription (R'000) 37 167 447 121 878 Hospital (R'000) 10 88 601 80 565 Introduction The Board of Directors (Board) is pleased to report that the Group performed very well in the half year under review, attributed to its diverse and affordable portfolio of products, excellent sales and marketing strategies, and a focus on external and internal customer service. The broad portfolio includes non-regulated products which compete in the fast-moving consumer goods (FMCG) space, leading OTC brands where the pharmacist plays a role in the product choice, products prescribed by medical practitioners, specialised instruments, and surgical products, as well as hospital and critical care products, including intravenous solutions, blood collection products and renal dialysis systems. The healthy financial and operational performance was delivered against a backdrop of tight economic conditions, high levels of disruption to operations due to utility supply challenges, currency devaluation and high fuel prices. Prospects Trading conditions are expected to remain challenging, with consumers facing considerable hardship as a result of elevated transport, electricity, food and borrowing costs. The disappointing low Single Exit Price (SEP) adjustment of 3.28% granted to the industry in the current calendar year will not compensate for the abnormal cost increases in certain raw materials and packaging, the weak currency, and the above inflationary increases in wages and utilities, resulting in gross margin compression being difficult to avoid. Nonetheless, the strength of the Group's broad and affordable portfolio of well-known brands, should continue to withstand many of the macroeconomic challenges in South Africa. Dividend distribution The Board has declared an interim dividend out of income reserves of 125 cents per share in respect of the six-months ended 31 December 2022. The South African dividend tax ("DT") rate is 20% and the net dividend payable to shareholders who are not exempt from DT is 100 cents per share. Adcock Ingram currently has 169 718 861 ordinary shares in issue and qualifying for ordinary dividends. The income tax reference number is 9528/919/15/3. The salient dates for the distribution are detailed below: Last date to trade cum distribution Tuesday, 14 March 2023 Shares trade ex distribution Wednesday, 15 March 2023 Record date Friday, 17 March 2023 Payment date Monday, 20 March 2023 Share certificates may not be dematerialised or rematerialised between Wednesday, 15 March 2023 and Friday, 17 March 2023, both dates inclusive. N Madisa AG Hall Chairperson Chief Executive Officer Approved by the Board: 20 February 2023 SENS release date: 21 February 2023 Registered office 1 New Road, Midrand, 1682 Postal address Private Bag X69, Bryanston, 2021 Transfer secretaries Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196. Private Bag X9000, Saxonwold, 2132 Auditors PricewaterhouseCoopers Inc, 4 Lisbon Lane, Waterfall, 2090 Sponsor Rand Merchant Bank (a division of FirstRand Bank Limited), 1 Merchant Place, corner Fredman Drive and Rivonia Road, Sandton, 2196 Bankers Nedbank Limited, 135 Rivonia Road, Sandown, Sandton, 2146. Rand Merchant Bank, 1 Merchant Place, corner Fredman Drive and Rivonia Road, Sandton, 2196. Investec Bank Limited, 100 Grayston Drive, Sandton, 2146 The full announcement has been published on SENS and is available at https://senspdf.jse.co.za/documents/2023/JSE/ISSE/AIP/AIP012023.pdf The contents of this short-form summary announcement are the responsibility of the Board of Directors. Any investment decision should be considered and based on the content of the information contained in the full announcement, that will be published on the Company's website at www.adcock.com/investors/financial reports. Copies of the full announcement are available for inspection at the registered office of the Company and may be requested without charge during office hours by phoning +27 11 635 0143. Date: 21-02-2023 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
Audio webcast and conference call following the interim financial results publication, Date/Time: 2023/02/14 09:00:00
Audio webcast and conference call following the interim financial results publication Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 (“Adcock Ingram” or “the Company”) AUDIO WEBCAST AND CONFERENCE CALL FOLLOWING THE INTERIM FINANCIAL RESULTS PUBLICATION Shareholders of Adcock Ingram are advised that the Company is expecting to publish its interim financial results for the six-month period ended 31 December 2022, on Tuesday, 21 February 2023. Accordingly, stakeholders are invited to attend an audio webcast or conference call which will be hosted by Mr Andy Hall, Chief Executive Officer, and Ms Dorette Neethling, Chief Financial Officer, at 11:00 on Tuesday, 21 February 2023. Interested parties are invited to dial in to the conference call by 11:00 on Tuesday, 21 February 2023 (South African Standard Time / SAST), using the appropriate number from the list below, after registering as they enter the call. Alternatively, should you wish to join the audio webcast, please register by accessing the following link: https://services.themediaframe.com/links/adcock10043794.html Those without internet access or unable to pre-register may dial in by calling: Country Access number South Africa: 011 535 3600 010 201 6800 UK: 0 333 300 1418 USA and Canada: 1 508 924 4326 Australia: 1 800 350 100 Other Countries: +27 11 535 3600 +27 10 201 6800 Conference replay – replay access code: 43794 Country Access number South Africa: 010 500 4108 UK: 0 203 608 8021 USA: 1 412 317 0088 Australia: 073 911 1378 International: +27 10 500 4108 Johannesburg 14 February 2023 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14-02-2023 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.