Analysis of ordinary shareholdings
as at 31 March 2020

 

Shareholder spread Number of
shareholdings
% of total
shareholdings
Number of
shares
% of issued
Capital
1 – 1 000 208 24.67 47 863 0.01
1 001 – 10 000 226 26.81 956 100 0.17
10 001 – 100 000 219 25.98 8 741 361 1.51
100 001 – 1 000 000 145 17.20 44 055 198 7.62
Over 1 000 000 45 5.34 524 353 685 90.69
Total 843 100.00 578 154 207 100.00
Distribution of shareholders        
Assurance companies 21 2.49 4 065 673 0.70
Close corporations 10 1.19 757 672 0.13
Collective investment schemes 141 16.73 125 595 158 21.72
Control accounts 1 0.12 14 0.00
Custodians 2 0.24 5 074 038 0.88
Foundations and charitable funds 21 2.49 46 295 223 8.01
Hedge funds 2 0.24 1 398 273 0.24
Insurance companies 7 0.83 2 297 274 0.40
Investment partnerships 5 0.59 41 353 0.01
Managed funds 14 1.66 488 835 0.08
Medical aid funds 8 0.95 1 552 692 0.27
Organs of state 3 0.36 5 125 289 0.89
Private companies 27 3.20 348 525 726 60.28
Public companies 2 0.24 426 534 0.07
Public entities 2 0.24 102 576 0.02
Retail shareholders 376 44.60 3 460 059 0.60
Retirement benefit funds 148 17.56 27 706 486 4.79
Scrip lending 4 0.47 1 579 361 0.27
Share schemes 1 0.12 562 774 0.10
Stockbrokers and nominees 12 1.42 587 344 0.10
Trusts 36 4.27 2 511 853 0.43
Total 843 100.00 578 154 207 100.00
Shareholder type        
Non-public shareholders 6 0.80 343 263 663 59.37
>10% Tsogo Sun Investments Proprietary Limited 1 0.11 341 992 565 59.15
Share schemes 1 0.11 562 774 0.10
Directors and associates 4 0.57 708 324 0.12
Public shareholders 866 99.20 234 890 544 40.63
Total 872 100.00 578 154 207 100.00
Fund managers with a holding greater than 3% of the issued shares        
Coronation Fund Managers     99 330 874 17.18
Prudential Investment Managers     17 571 623 3.04
Total     116 902 497 20.22
Beneficial shareholders with a holding greater than 3% of the issued shares        
Tsogo Sun Investments Proprietary Limited     341 992 565 59.15
Coronation Fund Managers     67 446 381 11.67
HCI Foundation     42 857 144 7.41
Total     452 296 090 78.23
Total number of shareholdings 843      
Total number of shares in issue 578 154 207      
Share price performance        
Opening price 1 April 2019 R9.60      
Closing price 31 March 2020 R3.05      
Closing high for period R10.98      
Closing low for period R2.05      
Number of shares in issue 578 154 207      
Volume traded during period 40 349 324      
Ratio of volume traded to shares issued 6.98%      
Rand value traded during the period R353 675 930      
Price/earnings ratio as at 31 March 2020 3.29      
Earnings yield as at 31 March 2020 30.37      
Dividend yield as at 31 March 2020 32.65      
Market capitalisation at 31 March 2020 R1 763 370 331      

Directors’ interests

  31 March 2020 31 March 2019
  Director Associate Total Director Associate Total
  Direct
beneficial
Indirect
beneficial
Direct
beneficial
Indirect
beneficial
GA Nelson1 148 577 148 577 490 129 490 129
L McDonald2 139 937 139 937 104 848 104 848
MN von Aulock3 419 809 419 809 120 355 314 544 434 899
R Erasmus4 1 1 n/a n/a n/a n/a
  1 148 577 559 746 708 324 120 355 909 521 1 029 876
1 Resigned 31 May 2019.
2 Elsitime Proprietary Limited (‘Elsitime’) owns 419 392 Hospitality shares. L McDonald is a director and a 25% shareholder of Elsitime. Elsitime disposed of its entire interest in Hospitality on or about 19 August 2020. This is in line with a SENS announcement made by Tsogo Sun Hotels Limited on 3 July 2020, wherein it advised its shareholders that due to Hospitality’s shares trading at a discount to net asset value, it intended on acquiring additional shares in Hospitality in exchange for the issue of shares in Tsogo Sun Hotels Limited in the ratio of 1.77 Tsogo Sun Hotels share for every Hospitality share.
3 MN van Aulock was appointed on 1 December 2018. He has an indirect beneficial interest in 120 355 Hospitality shares. He is also a director and 75% shareholder of Elsitime, which owns 559 746 Hospitality shares. Elsitime disposed of its entire interest in Hospitality on or about 19 August 2020. This is in line with a SENS announcement made by Tsogo Sun Hotels Limited on 3 July 2020, wherein it advised its shareholders that due to Hospitality’s shares trading at a discount to net asset value, it intended on acquiring additional shares in Hospitality in exchange for the issue of shares in Tsogo Sun Hotels Limited in the ratio of 1.77 Tsogo Sun Hotels share for every Hospitality share.
4 Appointed CFO on 01 June 2019.