The Directors have pleasure in submitting to the Shareholders their report and the audited financial statements of Letshego Holdings Limited (the Company) and its subsidiaries (together “the Group”) for the year ended 31 December 2021.

Nature of business

Letshego Group is a retail financial services organisation involved in banking and microfinance activities in 11 African countries across East, West and Southern Africa. Six of the 11 operations have deposit-taking licenses with the rest being microfinance institutions. The Group’s ambition is to increase its deposit taking capabilities across the footprint.

Stated capital

Stated capital of the Group at 31 December 2021 amounted to P882, 224,337 (31 December 2020: P872, 169,337).

On the 26 February 2021, 5,348,420 (prior year: 4,483,050) ordinary shares were issued in terms of the Group’s Long Term Incentive Plan. These were issued from shares currently held as treasury shares and the remaining treasury shares at the end of the year were 9,222,720 (prior year: 14,571,140).

Dividends

An interim dividend of 7.3 thebe per share (prior year: 3.9 thebe per share) was declared on 12 August 2021.

A second and final dividend of 9.7 thebe per share (prior year: 8.3 thebe) was declared on 25 February 2022 and will be paid on or about 31 May 2022.

Related download

Letshego Holdings Group FY2021 Consolidated Financial Statements.pdf