Page 160 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - PIC Profile’s Stock Exchange Handbook: 2026 - Issue 1
Pick n Pay Stores Ltd. WEBSITE: www.picknpayinvestor.co.za
TELEPHONE: 021-658-1000
FAX: 086-675-1475
COMPANY SECRETARY: Vaughan Pierce
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA))
AUDITORS: Ernst & Young Inc.
BANKERS: Absa Bank Ltd., First National Bank of SA Ltd.
SEGMENTAL REPORTING as at 31 Aug 2025 (as a % of Turnover)
ISIN: ZAE000005443 SHORT: PICKNPAY CODE: PIK South Africa 96.9%
REG NO: 1968/008034/06 FOUNDED: 1967 LISTED: 1968 Rest of Africa 3.1%
Status
CALENDAR
NATURE OF BUSINESS: Annual General Meeting Expected Unconfirmed
Aug 2026
The Pick n Pay Group is a retail business in the fast-moving
consumer goods (FMCG) industry. Pick n Pay Group CAPITAL STRUCTURE Authorised Issued
operates multiple store formats through an owned and PIK Ords no par value 828 500 000 745 657 130
Bs no par value
325 462 164
PIK
361 500 000
franchise model, including supermarkets, clothing and
liquor stores and an online platform. DISTRIBUTIONS [ZARc]
Amt
Pay
Ldt
The Group has stores across South Africa, Botswana, Ords no par val 30 May 23 5 Jun 23 140.30
Final No 110
Eswatini, Lesotho, Namibia, Zambia and Zimbabwe. Pick Interim No 109 29 Nov 22 5 Dec 22 44.85
n Pay Group offers quality merchandise at competitive Final No 108 31 May 22 6 Jun 22 185.35
prices, supported by strong and capable teams across Interim No 107 30 Nov 21 6 Dec 21 35.80
Pick n Pay and Boxer. In FY25, Pick n Pay Group sharpened LIQUIDITY: Sep25 Avg 12m shares p.w., R326.4m(81.4% p.a.)
its focus on getting the basics of retail right - buying PICKNPAY 40 Week MA FOOR
better, simplifying its execution, and tightening cost 9000
discipline. This renewed focus is enabling continued 8000
investment in its customer offer, with a compelling range 7000
of high-quality food, grocery, clothing, liquor and general 6000
merchandise at great value. 5000
4000
SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Food 3000
MAJOR ORDINARY SHAREHOLDERS as at 2 Mar 2025 2000
Ackerman Investment Holdings (Pty) Ltd. 25.40% 1000
Government Employees Pension Fund 18.20% 2021 2022 2023 2024 2025
Allan Gray 6.30%
FINANCIAL STATISTICS RECENT ANNOUNCEMENTS
Aug 25 Mar 25 Feb 24 Feb 23 Feb 22
(R million) Interim Final Final(rst) Final(rst) Final Monday, 01 December 2025: The Board announced that
Turnover 58 818 118 610 112 295 106 562 97 873 Lerena Olivier will step down as Group CFO at the
Op Inc 310 1 759 405 3 048 2 887 conclusion of the Company’s 2026 Annual General Meeting
NetIntPd(Rcvd) 627 1 996 2 038 1 323 1 150 (“AGM”) in August 2026.
Tax - 78 26 - 988 538 547 The Board announced the appointment of Tina Rookledge
Minority Int 173 85 - - - with effect from 1 February 2026.
Att Inc - 496 - 736 - 3 301 1 170 1 215
TotCompInc/Loss - 317 - 658 - 3 308 1 132 1 256 The Board announced the appointment of Thabo Leeuw as
Hline Erngs-CO - 439 - 408 977 1 246 1 259 an Independent Non- Executive Director of the Company
Fixed Ass 8 808 8 675 9 191 8 893 7 151 with effect from 1 February 2026. Mr Leeuw will also serve
Inv in Assoc - - - 72 106 as a member of the Group Audit, Risk and Compliance
Inv & Loans 130 143 170 118 86
Def Tax Asset 3 092 2 749 2 165 734 823 Committee (“GARCC”).
Tot Curr Ass 21 057 20 718 20 469 17 665 19 251 Tuesday, 18 November 2025: Shareholders were advised
Ord SH Int 9 733 10 297 - 293 3 703 3 716 of the successful Placement of 64 038 857 Pick n Pay
Minority Int 835 668 - - - ordinary shares (the “Placement Shares”), representing
LT Liab 16 658 17 229 21 368 15 295 13 657
Tot Curr Liab 20 161 18 613 25 835 23 699 22 972 approximately 8.5% of the total issued ordinary shares
PER SHARE STATISTICS (cents per share) of Pick n Pay. Following the Placement, the Ackerman
EPS (ZARc) - 67.53 - 111.01 - 581.85 243.37 253.34 Family will continue to hold 135 354 720 ordinary shares in
HEPS-C (ZARc) - 59.77 - 61.54 - 172.21 259.25 262.59 Pick n Pay.
Pct chng p.a. - 2.9 64.3 - 166.4 - 1.3 14.5 The Placement Shares were placed at a price of R25.50 per
DPS (ZARc) - - - 185.15 221.15 share, representing a 6.4% discount to the closing price
Pct chng p.a. - - - 100.0 - 16.3 23.0
Tr 5yr av grwth % - - 22.0 - 23.3 1.2 5.8 of R27.25 on 17 November 2025. The Placement raised
NAV PS (ZARc) 1 385.87 1 449.90 - 11.90 803.00 827.10 proceeds of approximately R1.6 billion. The Placement
3 Yr Beta 1.01 0.62 0.47 - 0.23 - 0.16 was effected through a private placement by way of an
Price High 2 917 3 499 3 839 6 688 6 250
Price Low 2 390 1 413 1 719 4 302 4 612 accelerated bookbuild offering to qualifying investors, as
Price Prd End 2 758 2 815 1 976 4 563 4 644 described in the Announcement.
RATIOS Monday, 17 November 2025: The Ackerman Family has
Ret on SH Fnd 3.06 - 5.94 1 126.62 31.59 32.69 informed the Company that, as Pick n Pay’s financial position
Ret On Tot Ass - 0.69 - 0.52 - 3.10 4.36 4.59 and performance has improved, the Ackerman Family
Oper Pft Mgn 0.53 1.48 0.36 2.86 2.95 wishes to settle the third-party funding raised to support
D:E 1.58 1.60 - 96.63 5.66 5.51
Int Cover - 1.89 4.10 1.50 19.70 154.80 Pick n Pay’s restructuring and recapitalisation, together
Current Ratio 1.04 1.11 0.79 0.75 0.84 with the associated professional fees and other costs,
Div Cover - - - 1.31 1.30 including 16 months of servicing that funding. Accordingly,
DIRECTORS: Summers S (CEO), Olivier L (CFO), the Ackerman Family proposed to dispose of up to 64 038
Ackerman G M (ne), Ackerman S D (ne), 857 ordinary shares in Pick n Pay (the “Placement Shares”)
Ackerman J G (ne), Formby J (Chair, ind ne), by way of an accelerated bookbuild offering (“Placement”).
Bhorat H I (ind ne), Jakoet A (ind ne), The 105 186 279 “B” shares held by the Ackerman Family,
Mothupi A M (ind ne), van der Merwe A (ind ne), and which are attached to the Placement Shares, will
Viranna P (ind ne) not be disposed of pursuant to the Placement, will thus
POPULAR BRAND NAMES: Pick n Pay
Supermarkets, Pick n Pay Hypermarkets, automatically lose their voting rights and will be cancelled
Pick n Pay Clothing, Pick n Pay Liquor, by Pick n Pay. The disposal of the Placement Shares and the
Pick n Pay Express, Pick n Pay asap!, Scan the QR code corresponding loss in the voting rights of the associated
Pick n Pay Home, Boxer Superstores, to visit our Investor “B” shares will result in the Ackerman Family’s aggregate
Center
Boxer Liquors, Boxer Build voting interest in Pick ‘n Pay decreasing from 49.0% to
POSTAL ADDRESS: PO Box 23087, Claremont, Cape Town, 7735 not less than 36.8% and its aggregate economic interest
EMAIL: CompanySecretary@pnp.co.za decreasing from 26.7% to not less than 18.2%.
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