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28-Sep-2017
(Official Notice)
Acsion shareholders are advised that Mr Nicholas Bila, a chartered accountant, has been appointed to the board of Acsion with effect from 27 September 2017 as a non-executive director and member of the audit committee.

27-Sep-2017
(Official Notice)
Acsion shareholders are advised that Mr Pieter Scholtz has resigned as financial director from the board of Acsion with effect from 22 September 2017 to pursue other interests.



The board of Acsion has commenced a recruitment process to appoint a new financial director during his notice period and will release a further announcement once this process has been finalised.
07-Aug-2017
(Official Notice)
Shareholders are advised that the voting results for the annual general meeting (?AGM?) of Acsion held at the Acsion offices on Friday, 4 August 2017, all resolutions, except for Ordinary Resolution 7 relating to the appointment of auditor, were passed by the requisite majority of Acsion shareholders present in person or represented by proxy at the AGM.



The board of directors of Acsion are currently attending to the re-appointment or new appointment of auditors to the company.
25-Jul-2017
(Official Notice)
Further to Acsion?s reviewed provisional consolidated results for the year ended 28 February 2017, published on SENS on 29 May 2017, the integrated report for the year ended 28 February 2017 and notice of annual general meeting was dispatched to shareholders on 24 July 2017. The integrated report contains no material modifications to the aforementioned published reviewed provisional condensed consolidated results. The integrated report, together with the notice of annual general meeting and form of proxy, is also available on the Company?s website (www.acsionsa.co.za).



Annual general meeting

The annual general meeting of Acsion shareholders will be held at 9:00 on Friday, 4 August 2017 at the Acsion Offices, 1st Floor, Mall@Reds, Cnr Rooihuiskraal and Hendrik Verwoerd Drives, Rooihuiskraal ext 15, Centurion, to transact the business as stated in the notice of annual general meeting forming part of the integrated report.
11-Jul-2017
(Official Notice)
Shareholders are referred to Acsion?s reviewed provisional condensed consolidated results for the year ended 28 February 2017 released on SENS on 29 May 2017, wherein the board of directors had decided to propose a dividend of 12.5 cents per share for the year ended 28 February 2017 (2016: Nil).



The board of directors are now in a position to confirm the declaration of a gross dividend of 12.5 cents per share. The dividend has been declared out of income reserves.



In order to comply with the requirements of Strate, the relevant dates are as follows:

*Last day to trade cum dividend - Tuesday, 25 July 2017

*Shares commence trading ex dividend - Wednesday, 26 July 2017

*Record date - Friday, 28 July 2017

*Payment date - Monday, 31 July 2017



Shares may not be rematerialised or dematerialised from Wednesday, 26 July 2017 to Friday, 28 July 2017, both days inclusive.



Payments will only be made by way of electronic funds transfer and shareholders are urged to ensure that the Transfer secretaries have their updated banking details.
29-May-2017
(C)
Revenue for the year increased to R524.8 million (2016: R453.3 million). Operating profit was higher at R327.2 million (2016: R253.5 million). Profit attributable to owners of the parent grew to R786.8 million (2016: R559.1 million). In addition, headline earnings per share came to 47 cents per share (2016: 45.9 cents per share).



Proposed dividend

It has always been the groups' policy not to declare any dividends. The board of directors has however decided to propose a dividend of 12.5 cents per share, considering the low gearing of the group. This suggests a dividend yield of 1.53% based on the share price as at 28 February 2017. As this dividend is not approved as yet, there is no provision for this dividend in these results. Should this dividend be paid, the group's gearing will increase to 5.8%.



Company prospects

Acsion's board remains confident that the group's growth objectives can be achieved despite the challenging economic operating environment. The group remains focused on the completion of its secured development pipeline over the next three years. Acsion will continue reinvesting in its existing portfolio and focus on its development expertise, or "value-engineering" approach, to ensure above average NAV growth. In addition, Acsion will explore further development opportunities in high-growth markets in the rest of Africa and Europe.



28-Feb-2017
(Official Notice)
Acsion shareholders are advised that the company has resolved to adopt net asset value per share (?NAV?) as its measure for trading statement purposes. The adoption of NAV will be effective from the financial period ending 28 February 2017.
27-Oct-2016
(Media Comment)
According to Business Report, Acsion is intent on making its first acquisition in Europe. The company is engaged in advanced discussions relating to a retail development in south-eastern Europe. A decision in this regard will be taken this week. Acsion is also expanding its footprint in Africa. The company has finalised an agreement with the Mozambican ministry of Interior to develop a shopping centre for R650 million but is awaiting the Mozambican economy's recovery to avoid unnecessary risk. Acsion is also investigating a proposed office park development in Zambia. The group is focusing on completion of a mixed-use development - its largest South African development in Benmore and attaining growth for its shareholders.
26-Oct-2016
(C)
Revenue for the period increased to R247.4 million (2015: R215.4 million). Operating profit rose to R151.4 million (2015: R123.8 million), profit attributable to owners of the company was higher at R118.4 million (2015: R96 million), while headline earnings per share grew to 29.7 cents per share (2015: 24.2 cents per share). The gearing of the group remained very low at 5.9% (2015: 5.5%).



Dividends

In line with the group's policy, no dividends have been declared for the period ended 31 August 2016.



Development pipeline

With the opening of Mall@Moutsiya in August 2016 and Mall@Mfula in November 2016, Acsion partially delivered on its pre-listing promises. Construction of Acsiopolis, Benmore, a mixed use development in Sandton, has commenced and is expected to be completed in early 2019. The Mall@55 development has commenced in November 2016 and opening is scheduled for September 2017. The Mall@55 development is an ideal lifestyle/convenience centre located in Movani, Gauteng. The sale of the 12 completed clusters and 27 residential lands parcels in Hyde Park Terrace (a high-end residential development in Sandton) are progressing satisfactorily.



The company also successfully negotiate a retail development in Cyprus. The anticipated size is expected to be 40 000m2. The company is currently in the process of obtaining all the necessary licences required to commence with the construction. Other developments in the pipeline include Trade55 and Mamahlodi Gardens which will commence when the company has sufficiently de-risked the developments.



Further development opportunities

Acsion continuously evaluates a consistent stream of new opportunities and is in advanced discussions on certain projects to further enhance capital growth in financial years 2018 and beyond.
24-Oct-2016
(Official Notice)
For the six months ended 31 August 2016, Acsion expects to report earnings per share (?EPS?) and headline earnings per share (?HEPS?) of between 28 cents to 32 cents (an increase of between 15% and 32%), compared to EPS and HEPS of 24.3 cents and 24.2 cents respectively, reported for the six months ended 31 August 2015.



Acsion?s results for the six months ended 31 August 2016 will be released on SENS on or about 27 October 2016.
01-Aug-2016
(Official Notice)
Shareholders are advised that at the annual general meeting (?AGM?) of Acsion held at the Acsion offices on Friday, 29 July 2016 all resolutions were passed by the requisite majority of Acsion shareholders present in person or represented by proxy at the AGM.
04-Jul-2016
(Official Notice)
Further to Acsion?s reviewed consolidated results for the year ended 29 February 2016, published on SENS on 1 June 2016, the Integrated Report for the year ended 29 February 2016 and notice of annual general meeting was dispatched to shareholders on 1 July 2016. The Integrated Report contains no material modifications to the aforementioned published reviewed consolidated results. The Integrated Report is also available on the Company?s website (www.acsionsa.co.za).



Annual general meeting

The annual general meeting of Acsion shareholders will be held at 9:00 on Friday, 29 July 2016 at the Acsion Offices, 1st Floor, Mall@Reds, Cnr Rooihuiskraal and Hendrik Verwoerd Drives, Rooihuiskraal ext 15, Centurion to transact the business as stated in the notice of annual general meeting forming part of the Integrated Report.



The record date in terms of the Companies Act, No 71 of 2008, for shareholders to be recorded on the securities register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 22 July 2016.

30-May-2016
(C)
Acsion released their results for twelve months. Revenue came in at R453.3 million, operating profit was R253.5 million, profit attributable to owners of the parent was recorded at R559.1 million, while headline earnings per share was 45.9 cents per share.



Properties at fair value increased to R4 617m from R3 755m. The increase is due to the fair value increases to existing investment property as well as the inclusion of investment property under development which includes Mall@Moutsiya (Limpopo), Mall@Mfula (Mpumalanga), Mall@55/ Trade 55 (Monavoni, Gauteng) and Acsiopolis (Benmore, Sandton).



As at year end, the group remained largely ungeared with a loan to value ratio of 4.13% (2015: 4.83%). Expansion, upgrades and current developments were largely funded from cash generated from operations. With the current developments underway, it is expected that the gearing will increase significantly in the next financial year as the group delivers on its growth targets. Liquidity of the group, adjusted for mortgage bonds prepaid by R162m (2015: R147m), is satisfactory at 2.3 times current liabilities (2015: 2.4 times). Mortgage bonds increased from R198m as at February 2015 to R206m as at February 2016.



Acsion aimed to grow its NAV by an average annual growth of 20% - 25% excluding deferred tax. As from the date of listing to 29 February 2016, a fifteen month period, the NAV of the group increased by 27.2%. For the financial year ended 29 February 2016, a twelve month period, the NAV increased 17.7% from the previous financial year end. Acsion is therefore on track to deliver on its growth expectations as the company achieved a rolling average growth in NAV of 21.7%.
27-May-2016
(Official Notice)
For the year ended 29 February 2016, Acsion expects to report earnings per share (?EPS?) of between 157.91 cents to 189.49 cents (an increase of between 140.6% and 188.8%), compared to EPS of 65.62 cents which can be calculated from the forecast statement of comprehensive income for the twelve months ending 29 February 2016 contained in the pre-listing statement dated 25 November 2014.



Acsion?s results for the twelve months ended 29 February 2016 will be released on SENS on 30 May 2016.
29-Oct-2015
(C)
03-Aug-2015
(Official Notice)
Shareholders are advise that all the resolutions set out in the notice of the annual general meeting were passed by the requisite majority of shareholders represented at the annual general meeting of Acsion on Friday 31 July 2015.
03-Jul-2015
(Official Notice)
Acsion?s shareholders are advised that the annual integrated report of the company for the financial year ended 28 February 2015, which incorporates the complete audited consolidated annual financial statements and the Notice of the Annual General Meeting, was distributed to Acsion shareholders and is available on Acsion?s website http://www.acsionsa.co.za The complete audited consolidated annual financial statements which appear on the company?s website, contain no changes or modifications to the results which were released on the Stock Exchange News Service on Wednesday 27 May 2015. Ernst - Young Inc. audited the annual financial statements of Acsion, and their report is available for inspection at the registered office of the company.



Notice is hereby given that the 1st Annual General Meeting of the company will be held at 09h00 on Friday 31 July 2015 in the Acsion boardroom, 1st floor, Mall@Reds, corner Rooihuiskraal and Hendrik Verwoerd Drives, Rooihuiskraal, Extension 15, Centurion, to transact the business as stated in the Notice of the Annual General Meeting forming part of the annual integrated report.



The record date to be recorded as a shareholder in the securities register of the company in order to : (i) be entitled to receive the Notice of Annual General Meeting is Friday 26 June 2015, and (ii) be entitled to attend, participate and vote at the Annual General Meeting is Friday 24 July 2015.
28-May-2015
(C)
30-Jun-2017
(X)
Acsion ("the group" or "the company") is a property manager, developer and owner which listed on the Johannesburg Stock Exchange. Acsion is differentiated from Real Estate Investment Trusts ("REITs") in the listed property sector as it focuses on the delivery of superior net asset value ("NAV") growth obtained through enhancing existing properties, completing the secured development pipeline and obtaining additional future development opportunities.



The group's development function and "value-engineering" approach to development, significantly enhances returns to shareholders.



Existing investment properties consist of seven predominantly retail developments strategically located in Gauteng, Mpumalanga and Limpopo with an aggregate GLA of 238 000 m2 (2016:219 000 m2). The tenant profile by GLA comprises 72% national tenants (2016: 70%), 13% semi-national (2016: 14%) and 15% line and other franchises (2016: 16%). The current value of the eight retail properties from which the group derives income was valued at R5.105bn as at period ended February 2017 (2016: R4.162bn).


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