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11-Sep-2018
(Official Notice)
27-Aug-2018
(C)
Revenue for the interim period grew 13% to R2.3 billion (R2.0 billion) whilst EBITDA went up 14% to R477.1 million (R417.7 million). Operating profit before interest increased 2% to R352 million (R344 million). Profit for the period attributable to owners lowered to R186.4 million (R205.8 million). In addition, headline earnings per share decreased by 9% to 35.0 cents per share (38.6 cents per share).



Declaration of interim dividend no 18

The group's expansion plans to be implemented over the next few years require significant funding and therefore, the board believes it prudent to maintain the dividend. An interim gross dividend of 15.0 cents (15.0 cents) per ordinary share has been announced in respect of the half year ended to 30 June 2018.



Company prospects

We continue to see opportunities for growth, both in South Africa and on the rest of the continent, and the group remains in a strong position to pursue its growth strategy.



Our tertiary and resourcing divisions continue to perform well while significant change is being implemented in the schools division to drive operational efficiencies and sharpen market focus, in order to deliver high levels of performance across the board.
31-May-2018
(Official Notice)
ADvTECH shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Thursday, 31 May 2018, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



The results relating to the Ordinary resolution number 9 to appoint the external auditors have been noted. Shareholders who have voted against the appointment of Deloitte - Touche as external auditors of the Company are invited to forward their concerns to Donna Dickson at ddickson@advtech.co.za. The Company will engage with shareholders to address these concerns which will be taken into consideration when appointing the auditors ahead of the next AGM.



As a result of more than 25% of the votes exercised against the non-binding advisory resolution, in terms of the recommendations of the King IV Report on Corporate Governance for South Africa, 2016 and paragraph 3.84(k) of the JSE Listings Requirements, shareholders are invited to engage with the Company as follows:

* to forward concerns or recommendations on the remuneration policy to Donna Dickson in writing at ddickson@advtech.co.za by the close of business on 14 June 2018;

* to further participate in scheduled meetings, which will be arranged by the Company once concerns/recommendations have been received, in order for shareholders to engage with the Company on the remuneration policy.



The voting results and the nature and steps taken to address the objections raised by shareholders on the remuneration policy will further be disclosed in the next annual integrated report.



The Board believes that the remuneration policy is essential as the Group seeks to entrench a culture of high performance by aligning the remuneration philosophy with the business objectives, values and strategy.
30-Apr-2018
(Official Notice)
Shareholders are advised that the ADvTECH 2017 Annual Integrated Report (?Integrated Report?) has been published on Monday, 30 April 2018. The annual financial statements in respect of the year ended 31 December 2017 as contained in the Integrated Report are unchanged from the preliminary report for the same period, published on SENS on 19 March 2018.



The integrated report is available on the ADvTECH website: www.advtech.co.za



Notice is hereby given that the annual general meeting (?AGM?) of shareholders of the Company will be held at ADvTECH House, Inanda Greens Office Park, 54 Wierda Road West, Wierda Valley, Sandton, on Thursday, 31 May 2018 at 10h00 to consider and, if deemed fit, to pass with or without modification all of the ordinary and special resolutions set out in the notice of AGM to be distributed to shareholders no less than 15 (fifteen) business days before 31 May 2018.



The record date for the purposes of determining the shareholders of the Company entitled to receive the AGM notice is Thursday, 26 April 2018. The record date for purposes of determining which shareholders of the Company are entitled to attend, participate in, and to vote at the AGM is Friday, 25 May 2018. Accordingly, the last date to trade in the Company?s shares on JSE Ltd. in order to be eligible to attend, participate in and vote at the AGM is Tuesday, 22 May 2018.
24-Apr-2018
(Official Notice)
The board of directors of ADvTECH (?the Board?) is pleased to announce the appointment of Mr Zimmermann as an independent non-executive director of the Company with effect from 24 April 2018.
03-Apr-2018
(Official Notice)
ADvTECH continues to grow its position as the leading provider of quality private education in Africa, with the announcement of its further expansion into Kenya and Uganda. The acquisition adds 9 schools, 5 campuses, boarding facilities and approximately 4100 students to its portfolio.



ADvTECH?s expansion follows the acquisition by the group of Schol? Ltd., which has managed various schools throughout Sub-Saharan Africa since 2012. Structures are in place to expand into the rest of Africa and to further explore opportunities with various schools in the region. The acquisition will strive to acquire schools across the continent and build a network of institutions known for their academic excellence in the mid-fee segment.



In Kenya, ADvTECH is acquiring, subject to the fulfilment of conditions, the prestigious Makini group of schools, founded in 1978 by the highly acclaimed Dr Mary Okelo. Makini is well-known for unparalleled academic excellence in the region, has 8 schools on 4 campuses in Nairobi and Kisumu and caters to 3200 students from Kindergarten to Grade 12.



In Uganda, the partners will continue to manage Kisubi High School, a co-ed mid-fee boarding school in Kampala, which provides a child-centred learning experience for its more than 900 students. Schol? has managed the school since 2015.



Douglas says it was important to identify partners who know and understand the local markets, with extensive experience in operating schools throughout East Africa.

19-Mar-2018
(C)
Revenue for the year increased by 22% to R4.1 billion (2016: R3.4 billion). Earnings before interest, taxation, depreciation and amortisation rose by 7% to R795.4 million (2016: R740.6 million). Profit for the year attributable to owners of the parent lowered by 1% to R369.3 million (2016: R372.4 million). In addition, headline earnings per share was down 3% at 69.2 cents per share (2016: 71.1 cents per share).



Declaration of final dividend number 17

In considering the dividend, the board has decided to increase the dividend cover further in order to balance the need to preserve cash to fund the investment pipeline while also rewarding shareholders based on the current performance.



The board announces the declaration of a final gross dividend of 19.0 cents (2016: 19.0 cents) per ordinary share in respect of the year ended 31 December 2017. This brings the full year dividend to 34.0 cents (2016: 32.5 cents) per share.



Company prospects

We continue to see numerous opportunities, both in South Africa and the rest of the continent, and the group remains in a strong position to pursue its ambitious yet considered organic and acquisitive growth strategy.



Our tertiary and resourcing divisions continue to perform well while significant change is being implemented at the schools division to sharpen market focus and drive operational efficiencies to enable the division to return to a high level of performance.



New market segments and new product offerings are continuously being explored, while in our core markets we expect organic and greenfield growth to continue despite increased competition and challenging economic conditions. These factors, we believe, will further enhance our business performance.

01-Dec-2017
(Official Notice)
As a result of changes being implemented through the restructuring of the finance and administrative functions in the schools division, the company has uncovered incidents of fraud. This was perpetrated by a financial manager in the schools division head office and took place over a period of three years beginning in 2015. The amounts were not easily identified as they were not individually significant. Whilst not material, in the interest of transparency, the directors have decided to voluntarily disclose this to the market.



These activities have resulted in an over-statement of revenue, an understatement of costs and the theft of cash. The cash component amounts to R5million, of which approximately R2million should be recovered as the company has secured a court order freezing the service provider?s bank account, with whom the financial manager colluded. The balance should be recoverable through our insurers. In aggregate, the misstatements and cash loss amount to R48.1million resulting in a R35.5million after tax impact on the reported figures for the period.



Upon discovery of these discrepancies, a thorough and comprehensive investigation was undertaken which documented the full extent of these activities. Criminal charges have been laid against the financial manager and the colluding external service provider. These charges are being vigorously pursued. The impact of this occurrence will be accounted for in the 2017 annual financial statements.



The amounts referred to above and included in the table have not been audited or reviewed by the group?s auditors.
27-Sep-2017
(Media Comment)
Business Day reported that ADvTECH's property division seeks to expand its asset base to R6 billion by 2022. The subdivision focuses on school design, development, construction and facilities management with more than 100 education facilities under its operation. ADvTECH Properties executive, Vongani Mbhokota said to strengthen the company's market position ADvTECH will grow its schools and tertiary sectors in South Africa and the rest of Africa.
21-Aug-2017
(C)
Revenue for the interim period rose 22% to R2 billion (R1.6 billion). EBITDA went up by 17% to R417.7 million (R357 million). Operating profit before interest grew 17% to R344 million (R293.2 million). Total comprehensive income for the period increased to R212.6 million (R187 million). Furthermore, headline earnings per share jumped 6% to 38.6 cents per ordinary share (36.5 cents per ordinary share).



Declaration of interim dividend

The board announces the declaration of an interim gross dividend of 15.0 cents (2016:13.5 cents) per ordinary share in respect of the half year ended 30 June 2017.



Company prospects

We continue to see numerous opportunities for growth, both at home and on the rest of the continent. In our core markets we expect organic and greenfield growth to continue despite the fact that competition has increased and challenging economic conditions remain. In addition, we are pursuing opportunities available in new market segments and regions, which we believe will enhance our business performance and diversify our portfolio.

14-Aug-2017
(Official Notice)
ADvTECH advises shareholders, with reasonable certainty, that normalised earnings per share (?NEPS?) for the half year ended 30 June 2017 will be between 20% and 25% higher than the comparative reporting period for the half year ended 30 June 2016 (?the comparative period?). NEPS is expected to be between 38.3 and 39.9 cents per share as compared to 31.9 cents per share for the comparative period.



Settlement of a litigation matter disclosed in the company?s 2016 Integrated Annual Report contributed to a once off increase in the results for the comparative period. This aspect together with other corporate action costs, which are excluded from NEPS, will result in both basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) being between 4% and 7% higher than for the comparative period. EPS is expected to be between 37.8 and 38.8 cents per share as compared to 36.3 cents per share for the comparative period and HEPS is expected to be between 38.0 and 39.1 cents per share compared to 36.5 cents per share for the comparative period.



ADvTECH expects to release results for the half year ended 30 June 2017 on the Johannesburg Stock Exchange News Service on or about Monday, 21 August 2017.
22-Jun-2017
(Official Notice)
Shareholders are notified that Donna Dickson has been appointed as the Group Company Secretary of ADvTECH with effect from 22 June 2017.
31-May-2017
(Official Notice)
ADvTECH shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Wednesday, 31 May 2017, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.
02-May-2017
(Official Notice)
Further to the announcement released on SENS on 20 February 2017 regarding the resignation of Carmen Koopman as company secretary of ADvTECH with effect from 28 April 2017, shareholders are notified that Didier Oesch has been appointed as acting company secretary of ADvTECH with effect from 28 April 2017 pending the appointment of a suitable permanent candidate. Shareholders will be advised once a permanent candidate has been appointed.



Further to the announcement released on SENS on 23 March 2017, shareholders are advised that due to a delay in finalising the proposed management share incentive scheme to be tabled for approval by shareholders at the annual general meeting of shareholders of the company (?AGM?), the AGM will not be held on 18 May 2017.



Notice is hereby given that the AGM of shareholders of the company will instead be held on Wednesday, 31 May 2017 at 10h00 at ADvTECH House, Inanada Greens Office Park, 54 Wierda Road West, Wierda Valley, Sandton, to consider and, if deemed fit, to pass with or without modification all of the ordinary and special resolutions set out in the notice of the AGM to be distributed to shareholders on or before 2 May 2017.



The record date for the purposes of determining the shareholders of the company entitled to receive the AGM notice is Friday, 21 April 2017. The record date for purposes of determining which shareholders of the company are entitled to attend, participate in, and to vote at the AGM is Friday, 26 May 2017. Accordingly, the last date to trade in the company?s shares on JSE Limited in order to be eligible to attend, participate in and vote at the AGM is Tuesday, 23 May 2017.
05-Apr-2017
()
23-Mar-2017
(Official Notice)
Shareholders are advised that the ADvTECH 2016 integrated report (?integrated report?) has been published today. The annual financial statements in respect of the year ended 31 December 2016 as contained in the integrated report are unchanged from the preliminary report for the same period, published on SENS on 22 March 2017. The integrated report is available on the ADvTECH website: www.advtech.co.za



Notice is hereby given that the annual general meeting (?AGM?) of shareholders of the company will be held at ADvTECH House, Inanda Greens Office Park, 54 Wierda Road West, Wierda Valley, Sandton, on Thursday, 18 May 2017 at 10h00 to consider and, if deemed fit, to pass with or without modification all of the ordinary and special resolutions set out in the notice of AGM to be distributed to shareholders no less than 15 (fifteen) business days before 18 May 2017.



The record date for the purposes of determining the shareholders of the company entitled to receive the AGM notice is Thursday, 13 April 2017. The record date for purposes of determining which shareholders of the company are entitled to attend, participate in, and to vote at the AGM is Friday, 12 May 2017. Accordingly, the last date to trade in the company?s shares on JSE Limited in order to be eligible to attend, participate in and vote at the AGM is Tuesday, 9 May 2017.
22-Mar-2017
(C)
Revenue for the year increased by 24% to R3.353 billion (2015: R2.708 billion), earnings before interest, taxation, depreciation and amortisation (EBITDA) jumped 33% to R740.6 million (2015: R557.9 million), profit for the year attributable to owners of the parent rose by 66% to R372.4 million (2015: R224.9 million), while headline earnings per share was 39% higher at 71.1 cents per share (2015: 51 cents per share).



Declaration of final dividend

The board announced the declaration of a final gross dividend of 19.0 cents (2015: 17.0 cents) per ordinary share in respect of the year ended 31 December 2016. This brings the full year dividend to 32.5 cents (2015: 29.5 cents) per share.



Company prospects

We continue to see numerous opportunities both at home and abroad. In our core markets we expect organic and greenfield growth to continue despite the fact that competition has increased and difficult economic conditions remain. We are also excited by opportunities available in new market segments and through new product offerings. In addition, our investigations into new regions is providing us with even more opportunities and this, we believe, will enhance our business performance and diversify our portfolio.
16-Mar-2017
(Official Notice)
ADVTECH, Africa?s largest private education provider, today announced the acquisition of the Elkanah House schools (?Elkanah?) which is still subject to due diligence and competition commission approval, and will be held through The Independent Institute of Education (?IIE?), a wholly owned subsidiary of ADvTECH.



With more than 1 300 students and a built capacity for 1 500 students, Elkanah offers Grade 000 to Grade 12 at six schools on three campuses in Cape Town?s popular Blouberg and Sunningdale suburbs. Elkanah has a strong academic record and a Christian ethos. In 2016, its Grade 12 pupils achieved a 100% IEB pass rate and 171 distinctions.



With the addition of Elkanah, ADvTECH?s schools division will comprise of 90 schools, serving almost 27,000 pupils.
07-Mar-2017
(Official Notice)
ADvTECH advises shareholders, with reasonable certainty, that both basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ended 31 December 2016 will be between 37% and 42% higher than the comparative reporting period for the year ended 31 December 2015 (?the comparative period?). EPS is expected to be between 68.8 and 71.3 cents per share as compared to 50.2 cents per share for the comparative period and HEPS is expected to be between 69.9 and 72.4 cents per share as compared to 51.0 cents per share for the comparative period.



Settlement of a litigation matter disclosed in the company?s 2015 integrated annual report has contributed to the increase. Omitting this aspect as well as other corporate action costs will result in normalised earnings per share (?NEPS?) being between 20% and 25% higher than the comparative period, resulting in NEPS of between 64.7 and 67.4 cents per share for the year ended 31 December 2016 as compared to 53.9 cents per share for the comparative period.



The financial information on which this trading statement is based has not been reviewed, or reported on, by the company?s external auditors.



ADvTECH expects to release results for the year ended 31 December 2016 on the Johannesburg Stock Exchange News Service on or about Wednesday, 22 March 2017.



20-Feb-2017
(Official Notice)
The board of directors of the Company advised shareholders that CC Koopman has resigned as company secretary with effect from 28 April 2017.
30-Jan-2017
(Official Notice)
ADvTECH, Africa?s largest private education provider announces the acquisition of a 51% stake in the University of Africa (?UoA?). Following the International Finance Corporation?s (?IFC?) investment in the Group in 2016 to support its expansion strategy, this acquisition represents the Group?s first tertiary partnership outside of South Africa.



A private distance-learning university based in Zambia, UoA has a rapidly growing student base from across the continent and an expanding portfolio of qualifications. The University has more than 2000 students and offers 22 Bachelors, eight Masters and a Doctoral degree. The staff complement of 145 academic and administrative support employees is expected to grow rapidly as operations expand.



Founded in 2006, the UoA has established a strong brand as a leading distance education provider and has been acknowledged for its role in providing access to quality higher education in rural communities where access would otherwise be constrained. Its students reside across Southern Africa, including Zambia, Zimbabwe, Uganda, the DRC and Swaziland.



The transaction further consolidates ADvTECH?s leadership position in the burgeoning private education sector in line with the Group?s continued growth and expansion strategy. With the addition of UoA to the ADvTECH stable, its Tertiary division will now comprise of 10 brands across 26 sites in sub-Saharan Africa.



Peter Kriel, General Manager of The Independent Institute of Education (The IIE), which is responsible for ensuring academic excellence at ADvTECH?s tertiary brands, has been appointed to the UoA Council. The IIE will help benchmark the UoA?s degree and diploma programmes against international best practice, thus assist to ensure academic excellence. It will also advise on future appointments of qualified and experienced lecturers and academics, develop work-focused curricula created in conjunction with industry experts, and assist with teaching and delivery methods that are constantly innovated in line with global advancements.







12-Dec-2016
(Official Notice)
The board of directors of ADvTECH, the education and recruitment group, announced the appointment of Dr Jackie Chimhanzi and Dr Jane Hofmeyr as independent non-executive directors of the company with effect from 1 January 2017.



Dr Jackie Chimhanzi holds a PhD from Cardiff Business School, UK. Her doctoral research focused on enhancing the effectiveness with which companies implement their strategies and her work experience spans academia, strategy/management consulting and development finance. She is currently the CEO of the African Leadership Institute.



Dr Jane Hofmeyr holds a PhD in education policy studies and is currently an independent education and development consultant, with 30 years of experience and research in public and private education. For 15 years she headed the Independent Schools Association of Southern Africa (ISASA).
07-Nov-2016
(Official Notice)
ADvTECH announced the acquisition of Glenwood House School in George, Western Cape. Glenwood House School includes a Pre-Preparatory, Preparatory and College offering grade 000 to 12 with just over 800 students being added to the Schools division plus capacity for organic growth.



Glenwood House School strengthens ADvTECH?s position in the Western Cape, joining Abbotts College which has two campuses in the province. The traditional school features 3 pillars: sport, academic and culture, built on social responsibility and Christian principles. The school offers boarding facilities, which will house 46 students in 2017 who will enjoy a home away from home environment supervised by qualified and dedicated staff.



The 2015 matric results were outstanding featuring an average of 2 distinctions per matric candidate with 27% of candidates achieving an overall A average. Glenwood holds a proud record of a 100% Matric pass rate since its inception in 2006. Glenwood House?s excellent track record strongly aligns with ADvTECH?s core values of academic excellence.
22-Aug-2016
(C)
Revenue for the interim period rose 28% to R1.6 billion (R1.3 billion). EBITDA went up by 40% to R357 million (R254.4 million). Operating profit before interest grew 44% to R293.2 million (R203 million). Total comprehensive income for the period increased to R187 million (R104.6 million). Furthermore, headline earnings per share jumped 48% to 36.5 cents per ordinary share (24.6 cents per ordinary share).



Declaration of interim dividend no 14

The board announced the declaration of an interim gross dividend of 13.5 cents (2014: 12.5 cents) per ordinary share in respect of the half year to 30 June 2016.



Prospects

As mentioned at year-end, the board and management have agreed a stretch target of 100 cents normalised earnings per share by 2018. Given approved investment and the new opportunities identified, the board believes this is achievable provided there is no further deterioration in the operating climate. These results are in line with the achievement of this stretch target. The group continues to make good progress in growing its leading market position, increasing its presence in mid-fee schools, identifying acquisition and partnership opportunities in both South Africa and the rest of the continent, and expansion of our delivery model through technology-enabled education including blended and distance learning.
11-Aug-2016
(Official Notice)
ADvTECH advises shareholders, with reasonable certainty, that both basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six months ended 30 June 2016 will be between 40% and 50% higher than the comparative reporting period for the six months ended 30 June 2015 (?the comparative period?). Both EPS and HEPS are expected to be between 34.4 and 36.9 cents per share as compared to 24.6 cents per share (restated from 25.3 cents per share as a result of the rights issue in December 2015) for both EPS and HEPS for the comparative period.



The rights issue concluded during December 2015 requires the results for the comparative period ended 30 June 2015 to be restated. Based on the previous published EPS and HEPS of 25.3 cents per share for the comparative period, ADvTECH expects an increase of between 36% and 46% in EPS and HEPS.



Settlement of a litigation matter disclosed in the company?s 2015 Integrated Annual Report has contributed to the increase. Omitting this aspect as well as other corporate action costs results in normalised earnings per share (?NEPS?) being between 20% and 25% higher than the comparative period, resulting in NEPS of between 30.8 and 32.1 cents per share for the six months ended 30 June 2016 as compared to 25.7 cents per share (restated from 26.4 cents per share as a result of the rights issue in December 2015) for the comparative period.



The financial information on which this trading statement is based has not been reviewed, or reported on, by the company?s external auditors.



ADvTECH expects to release results for the 6 months ended 30 June 2016 on the Johannesburg Stock Exchange News Service (?SENS?) on or about Monday, 22 August 2016.



01-Aug-2016
(Official Notice)
Further to the announcement released on SENS on 13 April 2016 regarding the appointment of Didier Oesch as acting company secretary of ADvTECH, shareholders are notified that Carmen Koopman has been appointed as company secretary of ADvTECH with effect from 1 August 2016.
20-Jul-2016
(Official Notice)
International Finance Corporation (IFC), a member of the World Bank Group, acquired 13 609 213 new ADvTECH shares at R14.01 per share. The shares were issued by the directors in accordance with the approval granted by shareholders at the ADvTECH Annual General Meeting of 24 May 2016. IFC?s share purchase is equal to 2.5% of the grossed-up total issued share capital of the company. The price is based on the 60-day volume weighted average share price (VWAP) of ADH as at 17 June 2016.



The R190m investment will help fund the ADvTECH growth strategy, with a particular focus on expanding in Sub-Saharan Africa, and to increase its schools and tertiary education programs. ADvTECH has targeted generating 30% of revenue from Africa, outside of South Africa by 2020.



IFC also acquired a further 1.6% of ADvTECH?s stock in the market, raising its combined investment in ADvTECH to R320m and its total holdings to around 4% of the company.



See www.advtech.co.za for more detail.

24-May-2016
(Official Notice)
ADvTECH shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Tuesday, 24 May 2016, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



ADvTECH further provided a trading update and reported that the momentum seen at year-end continued into Q1 FY16 as the Group executes its growth strategy. The Group remains focused on its core education and resourcing businesses and continues to invest in growing its leading position in the private education market.



As previously reported, the 2016 academic year has seen strong student enrolment numbers with a recorded 13% year on year increase to 54 200, as at February 2016. This is largely driven by robust tertiary enrolment following the division?s successful turnaround. Good enrolments for 2016 bode well for the education businesses. The digitally enabled Rosebank College campus in Polokwane was launched in late 2015 as a pilot project and is performing well. This model will be extended to other regions.



In the Resourcing division, persistent tough economic conditions have had an impact on the first quarter?s trading, though the second quarter is showing signs of improvement. Conditions for the sector remain challenging.



Good progress has been made in investigating further opportunities elsewhere in Africa. The Group will update the market as appropriate when these mature.
13-Apr-2016
(Official Notice)
Shareholders are advised that the company`s audited annual financial statements for the year ended 31 December 2015, reflected in the integrated annual report published to shareholders, are unchanged from the audited results released on SENS on Monday, 14 March 2016.



Notice is hereby given that the annual general meeting of ADvTECH will be held at ADvTECH House, Inanda Greens Office Park, 54 Wierda Road West, Wierda Valley, Sandton on Tuesday 24 May 2016 at 10h00. The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 13 May 2016, being the voting record date set by the Board of the company used to determine which shareholders are entitled to attend and vote at the annual general meeting.



The notice of annual general meeting is issued at the same time as the integrated annual report, which contains the annual financial statements of ADvTECH for the year ended 31 December 2015.
13-Apr-2016
(Official Notice)
Further to the announcement released on SENS on 1 February 2016 regarding the resignation of SK Saunders as company secretary of ADvTECH with effect from 31 March 2016, shareholders are notified that Didier Oesch has been appointed as acting company secretary of ADvTECH with immediate effect pending the appointment of a suitable permanent candidate.



Shareholders will be advised once a permanent candidate has been appointed.
15-Mar-2016
(Media Comment)
According to Business Day, private education conglomerate Advtech has speeded up its earnings growth, thanks to acquisitions and improvements to its schools portfolio. CEO Roy Douglas said that Advtech was on a growth trajectory.
14-Mar-2016
(C)
Revenue for the year grew 40% to R2.7 billion (R1.9 billion). EBITDA jumped 64% to R557.9 million (R340.8 million). Operating profit before interest shot up 75% to R448.3 million (R256.4 million). Profit attributable to owners rose to R224.9 million (R167.1 million). In addition, headline earnings per share were 27% higher at 51.0cps (40.3cps).



Declaration of final dividend no 13

The board announced the declaration of a final gross dividend of 17.0 cents (2014: 15.0 cents) per ordinary share in respect of the year ended 31 December 2015. This brings the full year dividend to 29.5 cents (2014: 26.0 cents) per share.



Prospects

All three trading divisions are showing positive performance trends that augur well for further growth in 2016. Prospects have been considerably enhanced and with a strong foundation in place and further investments expected, Group shareholders can look forward to continued growth.



The Board and management have agreed a stretch target of 100 cents normalised earnings per share by 2018. Given approved investments and the new opportunities identified and being pursued, the Board believes this is achievable provided there is no significant deterioration in the operating climate.
25-Feb-2016
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ended 31 December 2015 will be between 48.2 cents and 52.3 cents per share (EPS) and between 48.3 cents and 52.4 cents per share (HEPS) compared to 40.2 cents (EPS) and 40.3 cents (HEPS) per share (restated from 41.3 cents and 41.4 cents as a result of the rights issue in December 2015) achieved for the prior corresponding period, which is an increase of between 20% and 30% in both EPS and HEPS.



The rights issue concluded during December 2015 requires the results for the corresponding year ended 31 December 2014 to be restated. Based on the previous published EPS and HEPS of 41.3 and 41.4 cents per share respectively for the prior corresponding period, ADvTECH expects an increase of between 17% and 27% in EPS and HEPS.



This increase in EPS and HEPS is the result of strong organic growth in all 3 divisions as the Company starts to reap the benefits of the successfully implemented investment programme.



ADvTECH expects to release its results for the year ended 31 December 2015 on the Johannesburg Stock Exchange News Service on or about Monday, 14 March 2016.
01-Feb-2016
(Official Notice)
The board of directors of the company advises shareholders that S.K. Saunders has resigned as company secretary with effect from 31 March 2016.

07-Dec-2015
(Official Notice)
27-Nov-2015
(Official Notice)
The board of ADvTECH, the education and recruitment group, announced that Roy Douglas has today assumed his position as Chief Executive Officer and Executive Director of the Company as advised on 11 November 2015. The board wishes to thank Frank Thompson for stepping in as interim Chief Executive Officer earlier this year.

16-Nov-2015
(Official Notice)
ADvTECH shareholders are referred to the finalisation announcement released on the Stock Exchange News Service (?SENS?) on 5 November 2015 relating to a rights offer to raise up to R850 million.



ADvTECH shareholders are advised that the circular in respect of the rights offer will be posted to certificated shareholders on Tuesday, 17 November 2015 and to dematerialised shareholders who have elected to receive such documents on Tuesday, 24 November 2015. The circular will also be available on the company?s website: www.advtech.co.za.



The letters of allocation were listed and commenced trading today, Monday, 16 November 2015, and will continue trading until Friday, 27 November 2015.
11-Nov-2015
(Official Notice)
In compliance with paragraph 3.59 of the JSE Listing Requirements, ADvTECH shareholders are advised as follows:



The ADvTECH Board announced the appointment of Mr. Roy Douglas as chief executive officer (?CEO?) and executive director of the Company with effect from 27 November 2015. He will take over from Frank Thompson who is retiring on that date.



Holding a Bachelor?s degree in Economics and an MBA, Roy brings 25 years of local and international senior management experience to the Group. Having joined ADvTECH in December 2012, he led the successful turnaround of the Group?s tertiary division and served as a member of the Exco leadership in formulating Group strategy. Prior to joining ADvTECH he held senior executive roles in various industries that have honed his skills in strategy, marketing, business development and general management. His track record includes leadership positions in Nampak Ltd., Deloitte (USA, Atlanta), House of Fraser Ltd. (UK) and Unilever SA.
05-Nov-2015
(Official Notice)
ADvTECH shareholders are referred to the declaration announcement released on the Stock Exchange News Service on Tuesday, 3 November 2015 and in the South African press on Wednesday, 4 November 2015 relating to a renounceable rights offer to its shareholders ("rights offer") to raise up to R850 million.



Confirmation of registration has now been received from the Companies and Intellectual Property Commission in respect of the special resolutions relating to the increase of authorised share capital and amendments to Memorandum of Incorporation and accordingly all conditions precedent to the rights offer have now been fulfilled. Accordingly, the rights offer will proceed on the terms and in accordance with the timetable as set out in the declaration announcement.



The rights offer will consist of 75,555,556 new ADvTECH ordinary shares in the ratio of 16.59818 new ADvTECH ordinary shares for every 100 ADvTECH ordinary shares held on the record date of the rights offer, being Friday, 20 November 2015, at a subscription price of R11.25 per ADvTECH ordinary share.
03-Nov-2015
(Official Notice)
26-Oct-2015
(Official Notice)
ADvTECH advised that, with reference to the complaint lodged with the JSE regarding the timing of dealing in the company?s securities by former chairman Mr. Jeffrey Livingstone or his associates, the JSE has confirmed that it has not identified any breach of the JSE Listings Requirements by Mr. Livingstone or by the company. The dealings in the company?s securities announced on SENS on 28 May 2015 were found to be in order and, accordingly, there was no foundation for the complaint.
13-Oct-2015
(Official Notice)
ADvTECH shareholders are referred to the announcement released on the Stock Exchange News Service (?SENS?) of the JSE Ltd. on Friday, 11 September 2015 in terms of which notice was given regarding a general meeting to be held on 13 October 2015 (?general meeting?) to approve the resolutions as contained in the circular posted to shareholders on the same day (?circular?). Shareholders are advised that, at the general meeting, all the ordinary and special resolutions as proposed in the notice of general meeting, included in the circular, were approved by the requisite majority of ADvTECH shareholders.
17-Sep-2015
(Official Notice)
ADvTECH announced that it had concluded an R82m agreement to acquire Summit College from the Summit College Trust (?the transaction?). This is not a categorised transaction in terms of the JSE Listings Requirements. The deal forms part of ADvTECH?s accelerated growth strategy.



Summit College has extensive 42 hectare grounds part of which have been developed into a school with a capacity for 1000 students and current enrolments of 590. Founded in 1989, the school offers boarding on the property and caters for all phases from Grade 000 to Grade 12. The school is ideally located in Kyalami, a high growth urbanising area in Midrand. The site, zoned for education, offers attractive possibilities for the expansion of Summit College as well as the building of other educational facilities.



Summit College will become the latest member of ADvTECH Academies, a group of schools serving their distinct communities and each characterised by their own identity and ethos. The cash deal will be settled in part through contributions to a scholarship fund to be administered in collaboration by the Summit College Trust and ADvTECH. Once established, the scholarship fund will enable the Trust to sustain its historic mandate of providing financial assistance to deserving learners. Subject to due diligence and regulatory approvals the transaction is expected to complete in January 2016.
11-Sep-2015
(Official Notice)
ADvTECH shareholders are referred to the announcement released on the Stock Exchange News Service (?SENS?) on 7 September 2015 regarding the intention of the board of directors (?Board?) to undertake a renounceable rights offer to its shareholders (?rights offer?) to raise up to R850 million and advising that in order to implement the rights offer, the Company is required to obtain shareholder approval to increase its authorised but unissued share capital and to place sufficient unissued shares under the control of the Board.



ADvTECH shareholders are advised that a circular containing:

-details of resolutions to:

(i) increase the current authorised share capital from 500 000 000 (five hundred million) ordinary shares of no par value to 1 000 000 000 (one billion) ordinary shares of no par value; and

(ii) place up to 90 000 000 (ninety million) of the authorised but unissued shares under the control of the Board for purposes of the rights offer

-a notice convening a general meeting of ADvTECH shareholders (?general meeting?); and

-a form of proxy to vote at the general meeting (for use by certificated ADvTECH shareholders and own-name dematerialised ADvTECH shareholders) was be posted to shareholders today. The circular will also be available on the Company?s website: www.advtech.co.za.



The general meeting will be held at 10:00 on Tuesday, 13 October 2015 at the Fairlawns Boutique Hotel, Alma Road, Sandton, Johannesburg to consider and, if deemed fit, pass, with or without modification, the resolutions proposed.
07-Sep-2015
(Official Notice)
25-Aug-2015
(Media Comment)
According to Business Report private education group, AdvTech is embarking on R3 billion in investments at least on 20 sites. The company reported strong results for the six months June. The announcement of AdvTech's latest results caused the stock to surge by as much as 8.5 percent.
24-Aug-2015
(C)
Revenue for the interim period rose 33% to R1.3 billion (R959.2 million). EBITDA went up by 60% to R254.4 million (R158.7 million). Operating profit before interest grew 73% to R203.0 million (R117.4 million). Total comprehensive income for the period increased by 29% to R104.6 million (R81.1 million). Furthermore, headline earnings per share jumped 26% to 25.3 cents per ordinary share (20.1 cents per ordinary share).



Declaration of interim dividend no 12

The Board is announced the declaration of an interim gross dividend of 12.5 cents (2014: 11.0 cents) per ordinary share in respect of the half year to 30 June 2015.



Prospects

The Board is clear that the Group's values, development strategy and market position stand firmly on their own merit. Accordingly, the Board is resolved that all possible steps should be taken to ensure that the necessary resources are available and the operational environment is created to allow this strategy to be executed. These results, representing as they do the commencement of an exciting period of growth and development, lend weight to this argument.



The significant additional capacity created by Advtech's investment programme and the successful student enrolment strategy means that the Group offers "baked in" growth prospects for many years to come. At the same time the Group continues to drive further growth by rolling out its investment strategy.
03-Aug-2015
(Official Notice)
The board of directors of ADvTECH, the education and recruitment group, announces the resignation of Mr Mteto Nyati as independent non-executive director of the Company with effect from 3 August 2015 with regret. Mteto has served as an independent non-executive director since 9 January 2014, and as a member of the Audit Committee since 27 May 2014.
29-Jul-2015
(Official Notice)
ADvTECH shareholders are advised that Curro Holdings Ltd. have withdrawn their cautionary announcement dated 22 July 2015. The ADvTECH board considers this matter closed and will now focus on the next phase of its exciting R3bn expansion plan.
28-Jul-2015
(Official Notice)
ADvTECH shareholders are advised that at the annual general meeting (AGM) of shareholders held on Tuesday, 28 July 2015, all the ordinary and special resolutions as set out in the notice of AGM, with the exception of ordinary resolution number 9 (dealing with the issue of shares for cash), were approved by the requisite majority of shareholders present or represented by proxy. The meeting was well attended with 382 234 615 ADvTECH shares, representing 84,01% of the total ordinary issued share capital of ADvTECH, voting in person or by proxy.



23-Jul-2015
(Official Notice)
Shareholders are referred to the withdrawal of cautionary announcement published by ADvTECH on SENS on 21 July 2015 as well as the various SENS announcements made by Curro Holdings Ltd. (?Curro?) on 22 July 2015 and today, 23 July 2015.



ADvTECH received a signed letter from the Chairperson of Curro which is titled ?Conditional firm intention to make an offer?. The letter does not constitute a firm intention (as defined in the Companies Act) to make an offer and is substantially similar to the proposal (?the Proposal?) contained in the previously received draft unsigned letter which was already considered by the board of directors of ADvTECH (?the Board?) and its advisors. The ADvTECH Board, through an independent sub-committee, its advisors and the Company?s management, had spent a considerable amount of time in discussion with Curro management and their advisors regarding the merits of the Proposal. Shareholders were previously advised that the ADvTECH Board had unanimously resolved that the Proposal is not in the best interests of the Company and will therefore not pursue further discussions with Curro regarding the Proposal. As announced previously in the withdrawal of the ADvTECH cautionary, the Proposal from Curro contains a number of terms, conditions and pre-conditions considered unacceptable by the Board. The terms of the Proposal requires the support of the ADvTECH Board as proposers of a scheme of arrangement as a precondition to its implementation.



As the contents of the ?Conditional firm intention to make an offer? reflects no material changes to what was originally tabled, and already considered, the ADvTECH Board reaffirm their view that the Proposal made by Curro is not in the best interests of the Company and that it will not pursue further discussions with Curro in this regard. ADvTECH remains of the view that it is inappropriate to use the medium of SENS to comment on the several allegations made by Curro which are factually inaccurate, untrue or misleading. Nothing in the ADvTECH?s Board?s actions precludes Curro from making a voluntary general offer to ADvTECH?s shareholders.
21-Jul-2015
(Official Notice)
Shareholders are referred to the further cautionary announcement published on SENS on Tuesday, 14 July 2015. Following receipt of the initial unsolicited proposal from Curro Holdings Ltd (Curro), the ADvTECH board, through an independent sub-committee, its advisors and the Company?s management, has spent a considerable amount of time in discussion with Curro management and their advisors regarding the merits of the proposal.



Shareholders are advised that the board of ADvTECH has unanimously resolved that the proposal is not in the best interests of the Company and therefore not to pursue further discussions with Curro regarding the proposal made by them. As a result shareholders are no longer required to exercise caution when dealing in the Company?s shares.

15-Jul-2015
(Official Notice)
Further to the cautionary announcement issued on 25 June 2015, the board of Advtech can now confirm that the unsolicited proposal referred to was received from Curro Holdings Ltd.



Shareholders are accordingly advised to continue exercising caution when dealing in the Company?s securities until a further announcement is made.
08-Jul-2015
(Official Notice)
ADvTECH advises shareholders, with reasonable certainty, that both basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six months ended 30 June 2015 will be between 20% and 30% higher than the comparative reporting period for the six months ended 30 June 2014 (?the comparative period?). Both EPS and HEPS are expected to be between 24.1 and 26.1 cents per share as compared to 20.1 cents per share for both EPS and HEPS for the comparative period.



This increase in EPS and HEPS is the result of strong performance in all 3 divisions driven by organic growth augmented by the benefits of the successfully implemented investment programme of the past few years.



ADvTECH expects to release results for the 6 months ended 30 June 2015 on the Johannesburg Stock Exchange News Service (?SENS?) on about Monday, 24 August 2015.
29-Jun-2015
(Official Notice)
Shareholders are advised that the Company`s audited annual financial statements for the year ended 31 December 2014, reflected in the integrated annual report posted on 29 June 2015 are unchanged from the audited results released on SENS on 23 March 2015.



Notice is hereby given that the annual general meeting of ADvTECH will be held at ADvTECH House, Inanda Greens Office Park, 54 Wierda Road West, Wierda Valley, Sandton on Tuesday 28 July 2015 at 10h00.



The notice of annual general meeting is issued at the same time as the integrated annual report, which contains the annual financial statements of ADvTECH for the year ended 31 December 2014. The Board of ADvTECH further advises that Mr Jeff Livingstone has not made himself available for re- election as a director of the company and will accordingly retire at the Annual General Meeting on 28 July 2015. An announcement regarding the appointment of a new chairman will be made in due course.

25-Jun-2015
(Official Notice)
The board of ADvTECH has received an unsolicited proposal from a third party which it is obliged to consider. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a further announcement is released.
18-Jun-2015
(Official Notice)
Further to the SENS announcements dated 26 November 2014, 24 April 2015 and 29 April 2015 regarding the acquisition by ADvTECH of the Maravest group (Maravest Acquisition), the board of Advtech is pleased to announce that all the terms of the agreements have been met and the Maravest Acquisition has been concluded. Accordingly, shareholders are advised that in terms of the Maravest transaction agreements 33 678 494 ADvTECH ordinary shares have been issued and listed as of 18 June 2015.



The board welcomes the staff, students and parents of all the Maravest schools to the ADvTECH group.

29-Apr-2015
(Official Notice)
Shareholders are referred to the SENS announcement published on 26 March 2015 in terms of which notice was given regarding the General Meeting (?GM?) to approve the resolutions as contained in the circular posted to shareholders on the same day.



Shareholders are advised that, at the GM held on 29 April 2015, both ordinary resolutions 1 and 2 (as proposed) were duly passed by the requisite majority of votes.



The total number of ADvTECH ordinary shares eligible to be voted at the GM was 407 916 712 (?eligible shares?). The number of shares voted in person or by proxy was 368 664 264 representing 90.38% of the eligible shares or 87.51% of the total issued share capital of the Company.
24-Apr-2015
(Official Notice)
With reference to the Notice of General Meeting to be held on 29 April 2015 to place an additional 54 418 237 shares under the control of the directors for the purpose of settling the Maravest transaction, the directors of ADvTECH are pleased to advise that the original terms of the transaction have been amended as set out below. Changes in the company?s cash position since negotiation of the transaction have made this amendment possible. ADvTECH is now in a position to settle that portion of the Acquisition Consideration payable to Corvest in cash, rather than by the issue of shares as originally agreed last year and previously proposed in the Circular.



The board has also taken note of concerns expressed by a number of shareholders regarding the monetisation of a portion of the Acquisition Consideration by virtue of a separate underwriting agreement. Successful negotiation, conducted in a spirit of commitment to finalisation of this transaction, has enabled the company to reach agreement acceptable to the transaction parties. Accordingly, the agreement has been modified to provide for the Corvest Acquisition Consideration amounting to R179.64 million, or 38.4% of the maximum purchase consideration, to be settled by the company in cash and not in shares as proposed in the circular.



Shareholders are advised that while the Notice of Meeting provides that 54 418 237 ordinary ADvTECH shares be placed under the control of directors, the company will in fact only issue a maximum of 35 955 112 shares (of which 2 244 389 shares are dependent on the performance of Maramedia during 2015) to Kyocraft and will settle the Corvest Acquisition Consideration by payment of R179.64 million in cash. The board advises that the financial impact of this amendment is not material.
26-Mar-2015
(Official Notice)
23-Mar-2015
(C)
Revenue for the year grew by 9% to R1.9 billion (R1.8 billion) and EBITDA was 17% higher at R340.8 million (R291.6 million). Operating profit before interest jumped 16% to R256.4 million (R221.7 million). Total comprehensive income for the year increased to R167.1 million (R155.7 million). Furthermore, headline earnings per share rose by 7% to 41.4 cents per ordinary share (38.6 cents per ordinary share).



Declaration of final dividend no 11

The Board is pleased to announce the declaration of a final gross dividend of 15.0 cents (2013: 15.0 cents) per ordinary share in respect of the year ended 31 December 2014. This brings the full year dividend to 26.0 cents (2013: 25.5 cents) per share.



Prospects

All three trading Divisions are showing positive performance trends that augur well for further growth in 2015. It is clear that growth prospects have been considerably strengthened and with a strong foundation in place and further investments to come, Group shareholders can look forward to higher growth rates in the coming years as we implement ambitious yet well considered strategies.
23-Mar-2015
(Official Notice)
ADvTECH advises that Mr Frank Thompson has been appointed as interim CEO. His appointment will allow the group time to make a decision regarding a permanent appointment.



Frank recently retired as Group CEO of ADvTECH and is well placed to take over management of the Company.
23-Mar-2015
(Official Notice)
ADvTECH and the Group CEO Mr Leslie Maasdorp have reached a mutual agreement to part ways.



The terms are confidential to the two parties.



Mr Maasdorp was appointed to the Board in 2009, became Chairman in 2010, and resigned as Chairman when he was appointed CEO in August 2014.



The Board will announce an interim CEO shortly.
19-Mar-2015
(Official Notice)
Further to the announcement on 16 March 2015 regarding the delay in the announcement of the annual results for the year ended 31 December 2014, the board of ADvTECH advises that the said results will be released on Monday 23 March 2015.
16-Mar-2015
(Official Notice)
The board of ADvTECH advised that matters have arisen which are not of a financial or audit nature which necessitate a delay in announcement of the annual results for the year ended 31 December 2014 which were planned for release this morning. These results will be announced shortly.
13-Jan-2015
(Official Notice)
Further to the SENS announcements dated 16 September 2014 and 15 December 2014 regarding the acquisition by ADvTECH of the Centurus group, comprising Pecanwood College, Southdowns College and Tyger Valley College (?Centurus Acquisition?), the board of ADvTECH is pleased to announce that all the terms of the agreements have been met and the Centurus Acquisition has now been concluded. The board welcomes the staff, students and parents of Centurus to the ADvTECH group.



15-Dec-2014
(Official Notice)
The board of ADvTECH is pleased to announce that the Competition Commission has approved the Centurus acquisition, which was previously announced on 16 September 2014, without any conditions. The transaction involves the acquisition of Centurus Colleges, comprising Pecanwood College, Southdowns College and Tyger Valley College from Investec Bank Ltd., the Aljo Trust, the Hennops Valley Trust, the Inverkloof Trust and certain other individuals.



All conditions of the transaction have therefore been met and the agreement is therefore unconditional. The parties are working towards the closing date of 13 January 2015.
01-Dec-2014
(Official Notice)
The board of ADvTECH is pleased to announce the acquisition of the Gaborone International School (GIS) in Botswana for BWP 70m (R84m). This is ADvTECH's first acquisition outside of South Africa and is in line with the Group's growth strategy of investing in leading and established school brands.



GIS was founded in 1993 and purchased by Mr Chow in 2007. GIS follows the Cambridge education syllabus and caters from cr?che to Form 4. GIS has a track record of excellent academic outcomes, strong student demand and profitability.



GIS currently has 1 800 students, with capacity for 2 300 students and sufficient space on the existing campus to build additional classrooms. The proposed acquisition is subject to approval of the Botswana Competition Authority.



GIS will fall into the newly established ADvTECH Academies brand. The schools under ADvTECH Academies will service their local communities and retain their own identity and ethos, whilst operating autonomously and maintaining their own brands. They will offer a range of curricula and a variety of fee options.



The current GIS education, management team and student's curriculum will remain unchanged.
26-Nov-2014
(Official Notice)
31-Oct-2014
(Official Notice)
Shareholders are advised that ADvTECH is in exclusive and advanced negotiations to acquire outright ownership of schools in the pre-primary, primary and high school segment ("the proposed acquisition").



If successfully concluded, the proposed acquisition may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is released.

27-Oct-2014
(Official Notice)
As announced in August 2014, the board of directors of ADvTECH, the education and recruitment group, announces that Leslie Maasdorp has taken over as chief executive officer from Frank Thompson, who announced his retirement as both chief executive officer and a director of the board in November 2013, with effect from 24 October 2014.
16-Sep-2014
(Official Notice)
08-Sep-2014
(Official Notice)
Shareholders are advised that the company is in discussions which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
26-Aug-2014
(Media Comment)
According to Business Report, ADvTECH expected its future growth not only to come from the local market , but also countries elsewhere in Africa through the use of partnerships and online technology. Outgoing chief executive Frank Thompson said part of the strategy was to expand in neighbouring countries and to increase the number of students from those countries in the existing local campuses. Without mentioning names, Thompson said ADvTECH was looking into close neighbouring countries where the group could extend its management capacity without having to create new infrastructure.
25-Aug-2014
(C)
Revenue for the interim period rose 9% to R959.2 million (R881.7 million). EBITDA went up by 17% to R158.7 million (R135.8 million). Operating profit before interest and impairment grew 17% to R117.4 million (R100.6 million). Total comprehensive income for the period increased by 13% to R81.1 million (R71.6 million). Furthermore, headline earnings per share jumped 14% to 20.1 cents per ordinary share (17.7 cents per ordinary share).



Interim dividend no. 10

The board announced the declaration of a gross dividend of 11 cents (10.5 cents) per ordinary share in respect of the period ended 30 June 2014.



Prospects

The directors are satisfied that a trend of earnings growth has been re-established. The increased investments in the Schools division continues to pose short term challenges for operating margin but as these schools grow into their capacity the outlook for the medium term and beyond is promising. The Tertiary division's strong enrolment of both new and continuing students augurs well for revenue led growth. The Resourcing division continues to feel the effects of very difficult employment markets but its lean and flexible operating model remains well positioned and continues to contribute positively to earnings and cash flow.



In the next year the Group will invest further in its strong and well-established brands while also exploring new projects and partnerships to extend market reach and geographic footprint across Africa. A particular focus is the development of innovative, technology-enabled, low fee schools. All in all, the directors are satisfied that the Group's results and the trends evident in them are positive forward indicators. As a result, the Group will continue to identify and implement growth and investment opportunities in our high growth sectors.
11-Aug-2014
(Official Notice)
The board of directors of ADvTECH, the education and recruitment group, announces the appointment of Leslie Maasdorp (chairman of the board of directors) as chief executive officer (CEO) to take over the reins from current CEO Frank Thompson who announced his intention to retire last year. Maasdorp joined the board as an independent non-executive director in 2009 and was appointed chairman in 2010.



Leslie Maasdorp will formally take up his position on 24 October 2014, and from 11 August 2013 will be working with Frank Thompson to ensure a smooth transition. In light of Maasdorp's appointment, he has resigned as chairman of the board and Jeff Livingstone, who has been an independent non-executive director since 2008, has been appointed acting chairman.
27-May-2014
(Official Notice)
ADvTECH held its annual general meeting this morning, 27 May 2014, in Sandton in terms of the notice of annual general meeting dated 17 March 2014. All the ordinary and special resolutions proposed at the meeting were duly passed by the requisite majority of votes. Special resolution number 3 was withdrawn at the commencement of the meeting.
18-Mar-2014
(C)
09-Jan-2014
(Official Notice)
The board of directors of ADvTECH, the education and recruitment group, announced the appointment of Messrs Stafford Masie and Mteto Nyati as independent non-executive directors of the company with effect from 8 January 2014. This follows a decision by the board in November 2013 to invite them to join the board and completion of the necessary governance processes.
02-Dec-2013
(Official Notice)
ADvTECH advises shareholders that Frank Thompson has notified the board of his intention to stand down as CEO of the Group by 31 December next year.



This extended notice period will facilitate an orderly and well-planned transition process in accordance with the Group's best interests and the requirements of sound corporate governance. The board plans to make an appointment and implement a handover well in advance of Frank stepping down in order to ensure a smooth transition. Succession planning at senior levels of the business is a critical component of the board's responsibilities and the time will be used to implement a rigorous selection process which will include both internal and external candidates.
26-Aug-2013
(C)
Revenue for the interim period rose 4% to R881.7 million (R850.4 million). EBITDA went up by 7% to R135.8 million (R126.6 million). Operating profit before interest and impairment grew 9% to R100.6 million (R92.4 million). Total comprehensive income for the period increased by 7% to R71.6 million (R66.7 million). Furthermore, headline earnings per share jumped 7% to 17.7 cents per ordinary share (16.6 cents per ordinary share).



Interim dividend no. 8

The board announced the declaration of a gross dividend of 10.5 cents (10.0 cents) per ordinary share in respect of the period ended 30 June 2013.



Prospects

The directors are encouraged by the return to overall growth in the group. Student numbers in the Schools division are expected to increase as capex continues to create additional places. The challenges within the Tertiary environment continue and the benefits of the operational interventions in the Tertiary division are expected to be felt in 2014 and beyond. The Resourcing division will still feel the effects of a difficult staffing market but is well positioned to hold its own and continue to make a positive contribution.



ADvTECH is in an exciting phase of its life cycle, particularly within the Schools division, which has achieved growth albeit with short term margin constraints arising from the expansion programme. The group continues with the roll-out of significant investments in response to solid demand across the Schools division and in the upper market segments of the Tertiary division. These expansions are expected to deliver sustained growth in the long term.



The group's human and financial resources have the strength and depth to sustain the projected growth trajectory and the directors are positive about the future opportunities for the group.
28-May-2013
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on 28 May 2013, all the ordinary and special resolutions proposed were duly passed by the requisite majority of votes. The chairman updated the meeting on the group's progress in the year so far, including the 2013 enrolments in the education divisions and the trading environment in the Resourcing division:

* In the Schools division, enrolment targets for the year have been met and there is good evidence of continuing firm demand especially at sought after entry points. The investment and capex projects are making progress as planned and the group continues to investigate further investment opportunities.

* In the Tertiary division, as anticipated, second year enrolments are down as a direct consequence of the reduced 1st year numbers in 2012. There has been some recovery in first year enrolments and progress is being made in addressing structural issues and opportunities to enable the division to return to EBIT growth this year.

* The decline in permanent staffing activity reported in the fourth quarter of 2012 in the wake of general labour unrest continued at the start of the year. As a result the Resourcing division experienced a tough first quarter but has seen some strengthening of the market and an improved trading environment during the second quarter.



The Group is cautiously optimistic about the outlook for the balance of 2013.
03-Apr-2013
(Media Comment)
Finweek reported that ADvTECH wishes to expand its Trinity House schools network in major cities around South Africa amidst growing competition and rising demand for private schooling. ADvTECH chief executive officer Frank Thompson said the long-term goal is to increase the number of Trinity House schools from three to seven by establishing four new schools across the country. The company has budgeted R1.1 billion for investment over the coming eight to ten years, with approximately R319 million in spending to be expended before the end of 2014.
18-Mar-2013
(C)
Revenue for the year ended 31 December 2012 increased by 5% to R1.7 billion (2011: R1.6 billion). Operating profit was down by 13% to R200 million (2011: R230 million), while total comprehensive income for the period fell to R138.4 million (2011: R156.3 million). Furthermore, headline earnings per share was 14% lower at 34.6cps (2011: 40.4cps).



Dividend

The Board has resolved to declare a final gross dividend of 14cps (2011: 16.5cps). This brings the full year dividend to 24cps (2011: 26cps).



Prospects

The Schools division has demonstrated an ability to sustain its growth and investment trajectory in the years ahead. While the opening of new schools can be expected to deliver overall growth, this is expected to have an impact on margins in the short-term as the newly created capacity is filled. Waiting lists for sought after school entry points have grown. As highlighted at half year, resolving the enrolment shortfall in Tertiary will take some time and second year student numbers for 2013 were down, as expected. While progress to date with first year enrolments for 2013 has been fair, it is expected that the Tertiary division will not immediately regain its former profit contribution although some benefit of restructuring and other corrective actions will be felt in the year ahead. The Resourcing division continues to provide a steady contribution to the Group even in a difficult employment market and will remain focused on its key niche markets for high demand scarce skills. The further increase in investment plans bears testimony to the directors' confidence in the Group's positioning, strategy and long-term success. The directors expect ADvTECH to deliver strong cash flow conversion of earnings and return on investments across the portfolio as a whole.





11-Mar-2013
(Official Notice)
The Board of directors of ADvTECH announced the change in status of Chris Boulle to an independent non-executive director with effect from 8 March 2013. Chris was appointed as an independent non-executive alternate director to Hymie Levin on 1 September 2011
23-Oct-2012
(Official Notice)
The board of directors of ADvTECH , the education and recruitment group, announced the appointment of Professor Shirley Zinn as an independent non-executive director of the company with effect from 22 October 2012.
27-Aug-2012
(C)
Revenue grew 8% to R850.4 million (2011: R791.0 million). EBITDA declined by 12% to R126.6 million (2011: R143.3 million) and operating profit fell 16% to R92.4 million (2011: R110.2 million). Net profit attributable to equity holders shrunk by 17% to R66.7 million (2011: R80.0 million). Furthermore, headline earnings per share were 16.6 cents (2011: 20.0 cents).



Dividend

The board declared an interim dividend of 10.0 cents (2011: 9.5 cents).



Prospects

The Schools brands continue to provide a model of sustainable excellence in the sector and enjoy the lion's share of our investment plans. Much attention is being focused on returning the Tertiary division to sustainable growth with specific corrective steps that have been taken outlined in this announcement. These steps are expected to take approximately two years to reach their full effect. Last year the group committed to rebalancing the Resourcing division to align it better to the needs of the market. This has been achieved and the results are evident and satisfactory. The Resourcing division holds a very strong market position in its focused niche areas and is expected to maintain its success this year.



The strength of ADvTECH as a whole, its institutional model and its strategic positioning continue to provide the board with confidence in the future of the group. This justifies the continued and growing roll-out of strategic new investments, the benefits of which will be realised over years to come.
17-Aug-2012
(Official Notice)
Further to the previous voluntary trading statement released on 22 May 2012, the board of Advtech confirmed the pleasing enrolments achieved in the schools division and encouraging progress in the resourcing division, which is expected to result in both vivisions achieving good operating performances. However, the lower enrolments achieved in the tertiary division have had a more significant impact on operating performance than had been estimated at the time of the previous trading statement. Steps continue to be taken to minimise the impact of the lower enrolments and to restore the division's operating performance.



This decline in the tertiary division's operating performance has affected the group's results more significantly than initially expected. With this in mind, and in terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Ltd., the board of Advtech advisesd that earnings per share and headline earnings per share for the Group for the interim period ended 30 June 2012 are expected to be between 15% and 19% lower than for the prior comparative period. The strength of the group's statement of financial position and cash flow enables the board to continue to invest in those initiatives that support the Group?s strategy of creating long-term value for shareholders. Advtech anticipates releasing its results for the interim period ended 30 June 2012 on or about 27 August 2012.
22-May-2012
(Official Notice)
Shareholders are notified that at the annual general meeting of shareholders, all the ordinary and special resolutions proposed were duly passed by the requisite majority of votes. Amongst other matters, the new Memorandum of Incorporation was adopted by the meeting and will be lodged for registration with CIPC in due course, the Audit Committee was appointed, the appointment and initial meeting of the Transformation, Social and Ethics Committee was noted and the directors' fees and the remuneration policy were approved.



Trading statement

The board announced that earnings per share and headline earnings per share for the group for the period ended 30 June 2012 is expected to be between 2% and 10% lower than for the prior comparative period. The group has experienced modest aggregate revenue growth in 2012 to date, with pleasing enrolments in the Schools Division and encouraging progress in Resourcing. Enrolment numbers so far at some tertiary campuses have been lower than expected and will lead to an under recovery of operating costs at these sites and in the division. Steps are being taken to minimise the impact of the lower enrolments at the campuses concerned. The continuing strength of the group's statement of financial position and cash flow enables the directors to remain confident in the expansion strategy and long term growth of the group. With regard to the group's expansion strategy the accelerated capex programme in the Schools Division is gaining momentum and shareholders are advised of the following projects:

* Trinityhouse Little Falls - Construction of the second phase is progressing well. The Primary School will open in 2013.

* Trinityhouse Palm Lakes - A new school will open at Palm Lakes, KZN, in 2013 and construction is on schedule.

* Trinityhouse Heritage Hill - Construction of a new school at Heritage Hill, near Centurion, Pretoria, will commence in 2013. The school will open in 2014.
03-Apr-2012
(Official Notice)
The board announced the declaration of a dividend of 16.5 cents per ordinary share in respect of the year ended 31 December 2011 (2010: 13.5 cents), thus bringing the total dividend payable for the year to 26 cents (2010: 21.5 cents by way of a combination of distribution and dividend).



This is a dividend as defined in the Income Tax Act, 1962, and is payable from income reserves. The South African dividend tax (DT) rate is 15% and no credits in terms of secondary tax on companies have been utilised. The net amount payable to shareholders who are not exempt from DT is 14.025 cents per share, while it is 16,5 cents per share to those shareholders who are exempt from DT. There are 420 880 090 ordinary shares in issue; the total dividend amount payable is R69 445 215. The salient dates are as follows:

* Declaration date: Tuesday, 3 April 2012

* Last date to trade to participate: Thursday, 19 April 2012

* Trading commences ex div: Friday, 20 April 2012

* Record date: Thursday, 26 April 2012

* Payment date: Monday, 30 April 2012.
19-Mar-2012
(C)
Revenue for the year ended 31 December 2011 increased by 9% to R1.6 billion (2010: R1.5 billion). Operating profit jumped by 13% to R230 million (2010: R202.9 million), while total comprehensive income for the period grew to R156.3 million (2010: R148.8 million). Furthermore, headline earnings per share was 9% higher at 40.4cps (2010: 37.2cps).



Distribution

The group's strong financial position favours a final distribution to shareholders. Having regard to the transitional arrangements relating to the phasing out of Secondary Taxation on Companies ("STC") and its replacement with Dividends Tax, the board has decided to defer the consideration of a final distribution until after 1 April 2012, but as soon as practicable thereafter.



Prospects

Tough economic circumstances for many of South Africa's principal trading partners have blunted both growth prospects and sentiment in the domestic economy. Although South Africa remains out of recession, real growth is insufficient to drive job creation. The value of a good education in securing decent employment in a modern economy has grown under these circumstances and the group's unrelenting focus on academic quality and performance will stand it in good stead. The resourcing division holds a strong market position and will remain focused on its key niche markets for high demand scarce skills. The increase in actual and planned investment is propelled by our vision, which remains to build a long term enterprise that offers increasing access to world class education and job opportunities through the services of a dedicated team.
22-Aug-2011
(C)
Revenue improved by 7% to R791 million (R740.2 million) and earnings before interest, taxation, depreciation and amortisation ("EBITDA") was up by 7% R143.3 million (R133.9 million). Operating profit before interest rose by 10% to R110.2 million (R100.5 million), while profit for the period increased by 10% to R80 million (R73 million). In addition, headline earnings per share also strengthened by 10% to 20cps (18.2cps).



Dividend

The board has resolved to declare an interim dividend of 9.5 cents (2010: capital distribution of 8.0 cents) per share for the period ended 30 June 2011.



Prospects

The return to growth in the group's education business, including particularly organic growth in its core operations, has justified the board's faith in ADvTECH's well-proven business model. The group has therefore sustained its programme of long-term investment planning with a 22% increase in capital expenditure in this period and capital commitments for the remainder of the year of over R100 million. These include the building of the new Trinityhouse school in Little Falls which will be open for the first intake of students in January 2012. The strength of the Group's cash flow and balance sheet together with a satisfactory increase in student enrolments underpin this confidence in the future of the business, particularly its core Education division. Steps are being taken to rebalance the Resourcing division to ensure that capability and capacity are correctly aligned to the needs of the market. The board is confident that the combination of the group's sound strategic position and the steps outlined above will drive performance for the remainder of the year.
30-Jun-2011
(Official Notice)
Sandra Kaye Saunders has been appointed as company secretary of ADvTECH with effect from 1 July 2011.
17-May-2011
(Official Notice)
Shareholders are notified that at the annual general meeting of shareholders held earlier today, all the ordinary resolutions and the special resolution proposed thereat were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares was adopted and will be lodged for registration with CIPC in due course.
31-Mar-2011
(Official Notice)
Shareholders were advised that the results reflected in the annual financial statements for the year ended 31 December 2010, included in the annual report posted on 31 March 2011, contains no changes from the audited results which were released on SENS on Monday, 28 March 2011.



Notice of AGM

Notice was given that the annual general meeting of ADvTECH will be held at 10h00 on Tuesday, 17 May 2011 at ADvTECH House, Inanda Greens, 54 Wierda Road West, Wierda Valley, Sandton. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of ADvTECH for the year ended 31 December 2010.
28-Mar-2011
(C)
Revenue for the year ended 31 December 2010 increased by 7% to R1.5 billion (2009: R1.4 billion). Earnings before interest, taxation, depreciation and amortisation ("EBITDA") lowered by 3% to R269.3 million (2009: R277.7 million), and operating profit fell by 7% to R202.9 million (2009: R218.9 million), while profit for the year weakened to R148.8 million (2009: R160.2 million). Furthermore, headline earnings per share was lower at 37.2cps (2009: 40.1cps).



Capital reduction and dividend

The board announced final distributions to shareholders, to be paid out of share premium, of 11.0cps (2009: 13.5cps), and a dividend of 2.5cps. This would bring the total distributions and dividend for the year to 21.5cps (2009: 21.0cps).



Prospects

The South African economy is expected to continue to recover from the effects of the recession, although doubt remains about the ability of the economy to create enough new jobs. Education remains a key requirement for securing suitable employment in a modern economy and the Group's unrelenting focus on academic quality and performance will stand it in good stead. The Resourcing division appears to have made solid gains in market position and expects to continue to develop its leadership in the niche markets for high demand scarce skills which it serves. It is already evident that a positive response to the Group's commitment to quality is taking place in the form of growing demand for places at our campuses and an increase in the job specifications received. Accordingly, the directors remain committed to the long-term sustainable development strategy of the group and continue to plan further investments for growth.
08-Feb-2011
(Official Notice)
Notification is hereby given that Stephen O'Connor has tendered his resignation as company secretary, which resignation will become effective on 31 March 2011. The nominations committee of the board of ADvTECH has been tasked to interview and recommend a suitable candidate for appointment as company secretary, and the outcome of these deliberations will be announced in due course.
23 Aug 2010 09:38:51
(C)
Revenue increased by 7% to R740.2 million (June 2009: R693.2 million). EBITDA rose by 2% to R133.9 million (June 2009: R131.3 million), while operating profit decreased by 3% to R100.5 million (June 2009: R103.3 million). Profit for the period declined by 7% to R73 million (June 2009: R79 million). Headline earnings per share fell by 7% to 18.2cps (June 2009: 19.6cps).



Dividend

The board has resolved to declare an interim distribution to shareholders by way of capital distribution out of share premium of 8c (2009: 7.5c) for the period ended 30 June 2010.



Prospects

The group's management, cash flow and balance sheet remain strong and enable the well-proven business model and longer term investment planning to be sustained. Management will continue to manage resources and expenditure carefully without compromise to quality and service. ADvTECH remains dedicated to a strategy of investing in quality education service provision. The group's high academic standards and the growth in demand for the educational offerings continue to provide confidence in the group's sustainability. The Resourcing division has demonstrated its ability to address the challenges of a difficult market and this, together with its niche market focus, bodes well for the future. The group's core businesses have continued to demonstrate clearly their sustainability and resilience under trying conditions. Certain revenues and activities have understandably been affected by the challenges of the recession and affordability. The board is confident that the group's underlying strength and strategic positioning will stand it in good stead.
18 May 2010 14:40:56
(Official Notice)
Shareholders are notified that at the annual general meeting of shareholders held earlier today, all the ordinary resolutions and the special resolution proposed thereat were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares was adopted and will be lodged for registration with CIPRO in due course.
30 Mar 2010 10:39:54
(Official Notice)
Notice is hereby given that the annual general meeting of ADvTECH will be held at 10 am on Tuesday, 18 May 2010 at ADvTECH House, Inanda Greens, 54 Wierda Road West, Wierda Valley, Sandton. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of ADvTECH for the year ended 31 December 2009, to be distributed to shareholders on 30 March 2010.
23 Mar 2010 09:21:04
(C)
Revenue increased by 15% from R1.2 billion to R1.4 billion in 2009. Operating profit was up by 9% to R219 million (2008:R201 million). Profit attributable to ordinary shareholders increased to R160 million (2008:R155 million). Headline earnings per share remain unchanged at 40.1cps (2008:40.2cps).



Distribution per share

The board has resolved to declare a final distribution to shareholders by way of capital reduction out of share premium of 13.5cps (2008:13.0cps) for the year ended 31 December 2009. This would bring total distributions for the year to 21.0cps(2008: 20.0cps).



Prospects

The South African economy is likely to show some marginal improvement during 2010 and consequently the board is hoping for a better business environment than was the case in 2009. The Education division has demonstrated its resilience under difficult conditions, and under improved conditions it is anticipated that the growth trend will continue. The Resourcing division has strengthened its position in its chosen niche markets, simultaneously renewing its commitment to service excellence. This division is therefore well placed to respond to opportunities presented by a better employment market in 2010. Accordingly, provided the recovery materialises, student enrolments continue as expected, and barring unforeseen adverse conditions, the group expects to be able to report improved performance for the ensuing year.
24 Aug 2009 10:52:59
(C)
Revenue increased by 23% (2008: 19%) with both divisions contributing to growth. Organic growth of 15% and 2% in the Education and Resourcing divisions respectively ensured overall organic growth of 13%. The balance of the increase in revenue arose from the financial effects of acquisitions reported over the last 18 months. Earnings before interest, taxation, depreciation and amortisation increased by 20% to R131 million (2008: R110 million). Operating profit increased by 17% to R103 million (2008: R88 million) after taking into account increased amortisation of intangible assets arising from recent acquisitions. Profit for the period increased by 10% to R79 million (2008: R72 million) despite the reduction in interest earned.



Dividend

The board has resolved to declare an interim distribution to shareholders by way of capital distribution out of share premium of 7.5c (2008: 7.0c) for the period ended 30 June 2009.



Prospects

High academic standards, quality of instruction and the graduation statistics and subsequent career achievements by students at all levels of ADvTECH's education offerings remain the most compelling factors for optimism going forward. The resourcing division's performance is likely to track economic indices more closely, but the division's reputation for service and delivery, as well as its niche sector focus, are likely to count in its favour in striving to achieve greater market share in the period ahead. The group is confident of its strategic strength and financial health, and will continue to build on its tested business model. Management will prudently control resources and expenditure without compromising the provision of services and education quality. Given the forward momentum and favourable positioning of the group, the directors remain positive regarding the group's prospects for the full year.
03 Aug 2009 17:05:59
(Official Notice)
The group expected to report that trends of real growth in earnings would continue during the 2009 financial year. For the first six month period ended 30 June 2009, the larger Education division is projecting strong growth of 20% to 25% in both revenue and operating contribution. As a result of the economic downturn operations in the recruitment business unit proved to be more challenging and the recruitment division is projecting a decline in operating contribution of between 20% and 25%. Shareholders are notified that ADvTECH's headline earnings per share and earnings per share for the six months ended 30 June 2009 are nevertheless expected to be between 3% and 8% higher than for the previous corresponding period.



The results for the six months ended 30 June 2009 are expected to be published on or about 24 August 2009.
21 Jul 2009 17:32:28
(Official Notice)
The board of ADvTECH announced that Mr Leslie Maasdorp had been appointed as an independent non- executive director with immediate effect. Mr Maasdorp has more than 19 years experience in economic policy making, corporate strategy and investment banking. He has occupied senior leadership positions in both public and private sectors. Mr Maasdorp is currently Vice Chairman of Absa Capital and Barclays Capital. He is a director of several listed and unlisted companies including Batho Bonke Capital (the black empowerment partner of Absa Group), International Marketing Council and Robor. He is non-executive chairman of Yard Capital, a private equity investment holding company in South Africa and vice president of Business Leadership South Africa. From 2004 until 2006 he served as non-executive director of Absa Group and Absa Bank until he assumed an executive role in 2006. In 2007 he was designated by the World Economic Forum as a Young Global Leader.
25 May 2009 10:50:17
(Media Comment)
Business Report noted that ADvTECH said people were finding it difficult to pay college and education fees but that the company expected to benefit from recent interest rate cuts. ADvTECH operates Crawford schools, Rosebank College and Abbotts College.
19 May 2009 14:58:38
(Official Notice)
Shareholders are notified that at the annual general meeting of shareholders held earlier, all the ordinary resolutions and the special resolution proposed thereat were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares was adopted and will be lodged for registration with the Registrar of Companies in due course.
20 Apr 2009 15:21:14
(Official Notice)
ADvTECH announced that it has acquired the Forbes Lever Baker Educational Institute for Accountancy and Management (FLB), a Johannesburg based specialised tertiary institution for R54 million. The purchase consideration will be settled by a combination of cash and ADvTECH shares.
23 Mar 2009 10:58:23
(Official Notice)
The heading of the above announcement released today on SENS should have read as audited results for the year ended 31 December 2008.
23 Mar 2009 09:55:19
(Official Notice)
Revenue increased from R960 364 million to R1 197 793 million in 2008. Operating profit increased to R200 693 million (2007:R157 757 million). Profit attributable to ordinary shareholders decreased to R155 447 million (R119 227 million). Headline earnings on a per share basis increased to 40.20 cps (32.0cps).



Dividends per share

A final dividend of 20.0 cps was declared for the period under review.



Prospects

Given the group's robust and resilient business model and its ability to contribute to the vital needs and aspirations of our society, the group has budgeted for continued real growth in 2009. As a result of a more testing operating environment as well as the continued broadening of the base off which increases are measured, it is anticipated that rates of growth will reduce but remain substantial and positive in real terms. Activity levels in recruitment and student enrolment, both in terms of returning students and new registrations, provide a level of confidence in setting operational and infrastructural growth objectives. Accordingly, barring unforeseen developments or a significant further deterioration in the economy, the group expects to report real growth in earnings and positive cash flows in 2009.
26 Feb 2009 14:15:42
(Official Notice)
Shareholders are notified that ADvTECH's headline earnings per share, earnings per share and diluted earnings per share for the year ended 31 December 2008 are expected to be between 25% and 30% higher than for the previous year. The audited results for the year ended 31 December 2008 are expected to be published on or about 23 March 2009.
13 Oct 2008 13:59:09
(Official Notice)
The board of directors of ADvTECH announced that further restructuring of the board has taken place in closer compliance with the recommendations of the King Code II on Corporate Governance. In terms hereof and with effect from 10 October 2008, Messrs Craig Duff, Lenn Honey, Nico Booyens, John Deeb and Eric Shipalana, all executive directors of the group, will step down from the board and Mr Alex Isaakidis and Dr Felicity Coughlan will simultaneously withdraw as alternate directors. All of the abovementioned senior executives will continue their executive roles within the group.
07 Oct 2008 14:42:58
(Official Notice)
Mr Jeffrey Livingstone has been appointed as a non-executive director with effect from 3 October 2008.
29 Sep 2008 16:46:34
(Official Notice)
Mr Nico Booyens has resigned as an executive director with effect from 31 December 2008.
25 Aug 2008 09:56:16
(C)
Group revenue increased by 19% compared to 15% for the previous comparative period. Profit for the period increased by 32% to R72.5 million (R55.0 million), resulting in an increase of 30% in basic headline earnings per share to 18.7c (14.4c) and an increase of 34% in diluted headline earnings per share to 18.3c (13.7c). The beneficial consequences of these earnings are revealed in the cash flow statement and the group's sound balance sheet. The distribution per share in this period has been increased by 40% from 5.0c to 7.0c.



Prospects

In the group's schooling and tertiary education businesses, solid enrolments have once again been achieved which provides a secure foundation for a positive year of trading by the education division. Good work is being done to manage costs carefully in order to optimise returns. In recruitment, due to the continuing demand for scarce skills, early indications are that the market will maintain its momentum for the remainder of the year. Accordingly, provided there are no material adverse developments in trading conditions, the group expects to deliver improved results and cash flow for the full year.
28 Jul 2008 15:02:35
(Official Notice)
Further to the detailed announcement released on SENS on 22 May 2008, detailing the proposed acquisition of Trinityhouse by ADvTECH (through its wholly owned subsidiary, The Independent Institute of Education (Pty) Ltd ("The IIE"), shareholders are advised that all the conditions precedent, including Competition Commission approval, have been fulfilled. In terms of the agreement the acquisition becomes effective on 1 August 2008. The acquisition remains subject to the resolutive conditions in connection with the registration of transfer of the immovable property forming part of the acquisition into the name of The IIE in the appropriate Deeds Registry, and the obtaining of such approvals and certificates as may be required by the Local Authority, by 31 December 2008, or a later date agreed between the parties.
23 Jul 2008 12:33:41
(Official Notice)
Shareholders are notified that ADvTECH`s headline earnings per share and earnings per share for the six months ended 30 June 2008 are expected to be between 25% and 35% higher than for the previous corresponding period. The results for the six months ended 30 June 2008 are expected to be published on or about 25 August 2008.
22 May 2008 10:17:24
(Official Notice)
ADvTECH is pleased to announce that The IIE, a wholly-owned subsidiary of ADvTECH has entered into an agreement dated 22 May 2008 in terms of which The IIE will acquire Trinityhouse from Heron-Mayton Properties (Pty) Ltd; Trinityhouse Schools (Pty) Ltd; Trinityhouse Pre-Primary School (Pty) Ltd; Trinityhouse Pre-Primary School II (Pty) Ltd.
20 May 2008 14:27:18
(Official Notice)
Shareholders are notified that at the annual general meeting of shareholders held, all the ordinary resolutions and the special resolution proposed thereat were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares was adopted and will be lodged for registration with the Registrar of Companies in due course.
16 May 2008 15:00:45
(Official Notice)
Professor Brenda Gourley has been appointed as an independent non-executive director with immediate effect.
28 Mar 2008 11:02:56
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2007, posted on 27 March 2008 are identical to the audited results, which were released on SENS on Monday, 17 March 2008. Notice is hereby given that the annual general meeting of Advtech will be held at 10am on Tuesday, 20 May 2008 at Advtech House, Inanda Greens, 54 Wierda Road West, Wierda Valley, Sandton. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Advtech for the year ended 31 December 2007.
17 Mar 2008 11:14:45
(C)
The directors are pleased to report a 16% increase in revenue to R963 million, a 31% increase in operating profit to R161 million, a 41% increase in headline earnings per share to 32.0 cents and a 45% increase in distributions per share to 16.0 cents. The results are underpinned by sound operational performances. The Education division increased revenue by 14% to R813 million (18% if adjusted for the effect of Crawford Glenmore, which was closed in 2006) and operating profit by 25% to R163 million, reflecting further management efficiency, growth and improved capacity utilisation. In a buoyant market, the Resourcing division increased revenue by 26% to R150 million and operating profit by 53% to R31 million. Central administration costs increased by 23% due to the additional resources and management capacity put in place to facilitate the rapid growth of the group.



Dividends

The board has resolved to declare a final distribution to shareholders by way of distribution out of share premium of 11.0 cents per share (2006: 8.0 cents) for the year ended 31 December 2007.



Prospects

There is no doubt that the group entered 2008 in a less robust economy than that which prevailed during 2007 and disposable incomes are likely to be affected by higher interest rates and growing inflation. Notwithstanding these factors, and the perceived decline in business confidence, there is a growing appreciation by an increasing number of students and parents that quality education and instruction remains an essential factor for human development, economic capacity and independence. This trend of recognition is already revealed in the group's 2008 student applications and admissions and given this pattern, barring any unforseen or adverse economic developments during the year, the group expects to report further growth in earnings and positive cash flows during the next period.
15 Feb 2008 11:24:22
(Official Notice)
Shareholders are notified that ADvTECH`s headline earnings per share and earnings per share for the year ended 31 December 2007 are expected to be between 35% and 45% higher than for the previous corresponding period. The results for the year ended 31 December 2007 are expected to be published on or about 17 March 2008.
17 Jul 2006 15:00:37
(Official Notice)
Advtech today announced the appointment of Professor Nicky Morgan as Chair of its Academic Advisory Council (AAC), effective from 14 July 2006. Prof Morgan is the Interim Principal and Vice-Chancellor of the Walter Sisulu University. He is a Fulbright Fellow and winner of the Abe Bailey Award for university achievements. He is a graduate of UWC, Stellenbosch University Graduate School of Business and Cornell University. He has participated in several published works, including books and articles.



During his development and growth from student activist to institutional leadership, he has had extensive exposure to management and administration of schools, technikons and universities, student and union affairs and institutional transformation.



The AAC is the oversight council for the Independent Institute of Education (IIE), which is the juristic persona of Advtech's Education division. It is an advisory structure made up of internal and external stakeholders. Its mandate is to provide external industry and academic advice and direction to the academic governance structure of the IIE.
13 Jul 2006 10:40:10
(Official Notice)
Advtech headline earnings per share and earnings per share for the six months ended 30 June 2006 are expected to be between 38% and 48% higher than for the previous corresponding period. The results for the six months ended 30 June 2006 are expected to be published on or about 28 August 2006.
23 May 2006 14:58:29
(Official Notice)
At the annual general meeting held on 23 May 2006, all the resolutions proposed, save for ordinary resolutions numbers 9 and 10 which were withdrawn, were passed by the requisite majority of votes. Ordinary resolutions numbers 9 and 10, relating to the directors' general authority over the unissued shares and the general authority to issue a portion of the unissued shares for cash, were withdrawn because large institutional shareholders indicated their intention no longer to support resolutions of this nature. The special resolution granting general authority to the directors to repurchase the company's shares will be lodged for registration with the Registrar of Companies in due course.
03 Apr 2006 12:11:22
(Official Notice)
The company's annual report for the year ended 31 December 2005 has been forwarded to shareholders. Shareholders' attention is drawn to the Chairman - CEO's report on page 8 of the annual report. Mention is made of the termination of a "lease agreement with the DHSA" this should in fact refer to "a management contract with the DHSA".
28 Mar 2006 15:08:48
(Media Comment)
ADvTECH's shares rose 10% following the announcement of a 36% rise in net profit for the year to December 06. Headline earnings rose 39% on the back of increased enrolments at the group's tertiary institutions.
27 Mar 2006 13:16:00
(C)
Advtech has reported a 19% increase in group revenue to R661 million, a 54% increase in operating profit to R87 million and a 39% increase in headline earnings per share to 15.7c. Operating margins improved from 10% to 13%, as a result of sound overhead control and efficiencies arising from productive utilisation of more functional new and extended capacities. Particular attention was paid to the group's working capital management during the year. The success of this effort resulted in the group, for the first time, remaining in a positive cash position throughout the year, despite significant cash outlay on new infrastructure. As forecast, the effective taxation rate for the year has increased. The increased rate of 31% (22%) is above the normal rate of 29%, mainly due to the non-recognition of certain leasehold depreciation for tax purposes.



Distribution to shareholders

The board has resolved to declare a distribution to shareholders by way of capital distribution out of share premium of 7c per share in respect of the year ended 31 December 2005.



Prospects

Education and training must rank as one of the most important imperatives in South Africa. Given the recurring annual growth in student enrolments experienced by the group over the past three years, and the intensifying demands for trained personnel in a growing economy, the Advtech group is well positioned to facilitate and provide such services and respond to the opportunities presented. Enrolments for 2006 have, to date, followed a consistent trend and in the absence of any material adverse change in economic conditions, the board would expect to report improved earnings and cash flow for the next reporting period.
27 Jan 2006 14:11:09
(Official Notice)
Moya Lammle resigned as the group company secretary on 27 January 2006. Mr Stephen O' Connor (BCom, LLB, HDip Co.Law.) has been appointed as the group's new company secretary.



08 Dec 2005 17:02:26
(Official Notice)
In compliance with the JSE Listings Requirements, the financial results of ADvTECH for the twelve months ended 31 December 2005 will be prepared for the first time in accordance with International Financial Reporting Standards and the prior year has been restated on the same basis. ADvTECH's headline earnings per share and earnings per share for the twelve months ended 31 December 2005 are expected to be between 25% and 40% higher than for the previous restated corresponding period.
14 Oct 2005 15:26:25
(Official Notice)
The Board of ADvTECH Ltd, the education, recruitment and human resources group, announces that Mr Jean-Didier Oesch has been appointed as the group Financial Director with immediate effect. Mr Oesch joined ADvTECH in August 2005 from the Nampak Group where during his 12 year tenure he amassed considerable financial management experience. This culminated in a four year transfer to Europe as Financial Director - Nampak Plastics Europe.

14 Sep 2005 11:31:14
(Official Notice)
ADvTECH announces that Mr Hugh Brown, chairman of the board, has resigned as chairman and director, effective 15 Sept 2005, following four successful years of leadership. Mr Motty Sacks, an existing independent non- executive director of ADvTECH and non-executive chairman of Netcare, has been appointed as chairman.
31 Aug 2005 14:46:17
(C)
The continuing improvement in the financial and operating performance enabled headline earnings per share to grow by 43% to 7c and free cash flow per share to grow by 26% to 31.1c. The balance sheet reflects a net cash position of R40.2m compared to net borrowings of R6.8m in June 2004. Despite the capital distribution of 4.5c per share in June, net asset value per share increased by 14% to 69.7c. The Education division increased revenue by 20%, mainly through increases in enrolments, which reflects the growing recognition and appeal of the group`s educational services and new infrastructure. The Resourcing division similarly increased revenue by 20%. Group operating profit increased by 25% to R36.7m, resulting in an improvement in the overall operating margin from 10.6% to 11%. Net interest earned of R0.7m (expense of R1.1m) and an increased tax charge of R10.9m (R8.2m) saw the group deliver a 32% increase in profit from continuing operations to R26.5m. The effective tax rate remained in line with the normal tax rate of 29% and is expected to remain at that level for the full year.



Prospects

All Advtech`s operational units are profitable and, after a period of reorganisation and strategic refocus, the sound business model will ensure continued sustainable growth. The groups debt free status also enables Advtech to consider an orderly expansion of its education networks and further growth through acquisition opportunities that may present themselves. Accordingly, in the absence of any material adverse change in economic conditions, the group expects to deliver improved results and cash flow for the full year.
04 Aug 2005 13:45:10
(Official Notice)
Shareholders should note that for the first time, in compliance with the JSE Listings Requirements, the financial results of ADvTECH for the six months ended 30 June 2005 will be prepared in accordance with International Financial Reporting Standards (`IFRS`) and the prior year has been restated on the same basis. Shareholders are advised that headline earnings per share for the six months ended 30 June 2005 are expected to be between 25% and 45% higher than for the previous corresponding period. Earnings per share for the six months ended 30 June 2005 are expected to be the same as headline earnings per share for the six months ended 30 June 2005. The financial information on which this trading statement is based has not been reviewed or reported on by ADvTECH`s auditors. The results for the six months ended 30 June 2005 are expected to be published on or about 1 September 2005.
23 Jun 2005 17:17:30
(Official Notice)
ADvTECH today announced the resignation of Professor Dolina Dowling as an alternate director of the group, effective immediately.
17-Jul-2018
(X)
Founded in 1978, the ADvTECH group is Africa?s largest private education provider and a continental leader in quality education, training, skills development and placement services.



The group reports its performance in a segmental structure reflecting the schools and tertiary as two separate education divisions, and resourcing as the third division.


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