Page 119 - Capricorn IAR 2020

2020 INTEGRATED ANNUAL REPORT
DIRECTORS’ REPORT (continued)
for the year ended 30 June 2020
3. FINANCIAL RESULTS AND DIVIDENDS
The directors report that the Group’s net profit after taxation from the above business activities for the year ended 30 June 2020 amounted to:
2019 N$’000
Profit for the year 1,015,299
Normal dividends of N$342.7 million (2019: N$311.5 million) were declared and paid by the company during the year under review. Refer to note 36 to the consolidated annual financial statements for details on dividends per share.
Full details of the financial results of the company and the Group are set out on pages 120 to 264.
4. SHARE CAPITAL
4.1 Ordinary shares
The company’s authorised share capital is 600,000,000 ordinary shares of 2.5 cents each.
For full details on the changes to issued ordinary share capital, refer to note 31 to this consolidated annual financial statements.
4.2 Preference shares
The company has 1,000,000 authorised preference shares of 1 cent each, 35,000 Class A preference shares and 30,000 Class B preference shares both of 1 cent shares.
For full details on the issued preference share capital and the change to issued preference share capital, refer to notes 26 and 31 to the consolidated annual financial statements.
4.3 Share analysis – ordinary shares
The following shareholders have a beneficial interest of five percent or more of the issued ordinary shares of the company at year-end:
2019 %
Capricorn Investment Holdings Ltd 43.1 Government Institutions Pension Fund 25.9 Nam-mic Financial Services Holdings (Pty) Ltd 8.0 Held by the public (93,956,811 ordinary shares (2019: 93,208,870)) 18.0 Held by other non-public shareholders 5.0
– Directors and executive managements’ direct and indirect shareholding other than
companies mentioned above (14,834,813 ordinary shares (2019: 14,991,915)) 2.9
– Capricorn Group Employee Share Ownership Trust (7,447,001 ordinary shares
(2019: 8,034,134)) 1.5
– Capricorn Group Employee Share Benefit Trust (3,420,000 ordinary shares (2019: 3,420,000)) 0.6
4.4 Share analysis – preference shares
Santam Namibia Ltd 2.3 Capricorn Investment Holdings Ltd 37.2 First National Bank of Namibia Ltd 60.5
2020 N$’000
856,412
2020 %
43.1
25.9
8.0
18.1
4.9
2.9
1.4
0.6
2.3
37.2
60.5
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