Spanjaard Limited, a leading and proudly South African manufacturer of special lubricants and allied chemical products in the Automotive, Household, Industrial and Mining, Outdoor and Leisure, Marine, Motorcycle, Food Grade, Non-Flammable Aerosols and Food markets, released its results for the year ended 28 February 2021.

This short-form announcement is the responsibility of the Directors and is only a summary of the information in the full announcement. The information contained in this announcement has been extracted from audited information, but the announcement itself has not been audited. The full announcement was released on SENS on 31 May 2021 and can be found on the Company’s website:

https://www.spanjaard.biz/financials/ and also at the following link:

https://senspdf.jse.co.za/documents/2021/JSE/ISSE/SPA/SPAAFS21.pdf

Certain key audit matters were raised in the unmodified audit opinion issued by the auditors on the annual consolidated financial statements. The full auditors report can be viewed on the following web-link: https://www.spanjaard.biz/financials/

Any investment decisions should therefore be based on the full announcement as released on SENS and on the Company’s website.

The full announcement is available for inspection at no charge during normal business hours on business days at the registered office of the Company and the office of the Sponsor. Copies may be requested from the registered office of the Company.

KEY FINANCIAL RESULTS SUMMARY
Year ended
28 February
2021
  Year ended
29 February
2020
Increase/
(Decrease)
Revenue - R'000 136 755   123 731 13 024
Operating profit / (loss) - R'000 6 478   1 946 4 532
Headline earnings per share - cents per share 56.5   27.5 2.9
Earnings per share - cents per share 56.5   26.1 30.4
Net asset value per share attributable to ordinary shareholders - cents 639.9   582.8 57.1
Dividends declared per share - cents
- interim  
- final  

By order of the Board

T Spanjaard
Chief Executive Officer

31 May 2021

Spanjaard Limited (Incorporated in the Republic of South Africa)
Registration number: 1960/004393/06    Share code: SPA    ISIN: ZAE000006938 (Company or Group)

Directors:

M Notrica (Independent Non-Executive Chairman)*
T Spanjaard (Chief Executive Officer)
S Vassan Makan (Financial Director)
GF Cort
CKT Palmer
S Zikalala*
HF Kocks*
* Independent Non-executive

Company Secretary:

Levitt Kirson Business Services Proprietary Limited
4th Floor, Aloe Grove, Houghton Estate Office Park,
2 Osborn Road, Houghton, 2198

Transfer Secretaries:

Computershare Investor Services Proprietary Limited
Rosebank Towers,15 Biermann Avenue,
Rosebank, Johannesburg, 2196

Registered office:

748-750 Fifth Street, Wynberg, Sandton, 2090

Sponsor:

AcaciaCap Advisors Proprietary Limited
20 Stirrup Lane, Woodmead Office Park,
Corner Woodmead Drive and Van Reenens
Avenue, Woodmead, 2191

Website:
www.spanjaard.biz