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31-Aug-2018
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2018 was distributed to shareholders on 31 August 2018 and contains no modifications to the preliminary summarised consolidated audited results published on SENS on 16 August 2018 (?Results Announcement?).



Shareholders are referred to the notice given in the Results Announcement and are reminded that the 19th annual general meeting of shareholders of Adapt IT will be held at 09:00 on Friday, 23 November 2018 at the Company?s offices at number 152, 14th Road, Midrand, Johannesburg, to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 16 November 2018. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the register to be entitled to vote will be Tuesday, 13 November 2018.
16-Aug-2018
(C)
01-Aug-2018
(Official Notice)
A review by management of the financial results for the year ended 30 June 2018 has indicated that:

- the earnings per share (?EPS?) is expected to be between 74.57 cents and 80.45 cents, reflecting an increase of between 27% and 37% compared to the EPS of 58.74 cents for the year ended 30 June 2017;

- the headline earnings per share (?HEPS?) is expected to be between 64.03 cents and 69.91 cents, reflecting an increase of between 9% and 19% compared to the HEPS of 58.76 cents for the year ended 30 June 2017; and

- the normalised HEPS is expected to be between 83.64 cents and 91.54 cents, reflecting an increase of between 6% and 16% compared to the normalised HEPS of 78.96 cents for the year ended 30 June 2017.



As per prior results announcements, normalised headline earnings is calculated by adding back to headline earnings the amortisation of acquired intangible assets net of deferred taxation, as a consequence of the purchase price allocations completed in terms of IFRS 3 Business Combinations and fair value adjustments to financial liabilities on outstanding contingent purchase considerations.



AdaptIT's financial results are expected to be released on SENS on or about 16 August 2018.
03-Jul-2018
(Official Notice)
31-May-2018
(Official Notice)
Further to the announcements released on SENS on 22 November 2017 and 31 January 2018 regarding the acquisition of CDR Live (and using the terms defined therein unless otherwise stated), shareholders are advised that, all conditions precedent have now been fulfilled and the Acquisition has become unconditional.



The results of CDR Live will be consolidated into Adapt IT Holdings Ltd. with effect from 1 June 2018.
31-Jan-2018
(Official Notice)
Shareholders are referred to the ?Acquisition of CDR Live and its Subsidiaries and Withdrawal of Cautionary? announcement released on SENS on 22 November 2017 (?Acquisition Announcement?). Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement.



Shareholders are advised that, on 31 January 2018, the parties to the Agreement have entered into a written agreement to extend the date by which the conditions precedent set out in paragraph 5 of the Acquisition Announcement must be fulfilled or waived, from 31 January 2018 to 30 March 2018.



Shareholders will be notified once the last of the conditions precedent has been fulfilled or waived.
25-Jan-2018
(C)
Revenue for the interim period went up 46% to R675.5 million (R463.0 million). EBITDA rose by 29% to R116.1 million (R89.9 million) whilst profit from operations jumped 24% to R86.1 million (R69.5 million). Profit for the period attributable to equity holders was 34% higher at R47.5 million (R35.5 million). Furthermore, headline earnings improved by 22% to 29.70 cents per share (24.41 cents per share).



Dividends

Ordinary dividend number 15 of 13.70 cents per share was paid to shareholders on 26 September 2017.



It is group policy to consider declaration of dividends at the end of the financial year and not at the interim reporting date.



Company outlook

AdaptIT's outlook is positive and its longer-term outlook is optimistic as it continues to build on a strong, well-diversified foundation, to create a sizeable leading specialised software business that delivers above sector average growth and returns.
17-Jan-2018
(Official Notice)
A review by management of the financial results for the six months ended 31 December 2017 has indicated that:

* the earnings per share (?EPS?) is expected to be between 29.28 cents and 30.50 cents, reflecting an increase of between 20% and 25% compared to the EPS of 24.40 cents for the six months ended 31 December 2016; and

* the headline earnings per share (?HEPS?) is expected to be between 29.29 cents and 30.51 cents, reflecting an increase of between 20% and 25% compared to the HEPS of 24.41 cents for the six months ended 31 December 2016.



Adapt IT's financial results are expected to be released on SENS on 25 January 2018.
19-Dec-2017
(Official Notice)
In terms of the provisions of section 45(5) of the Companies Act, No 71 of 2008, as amended (?Companies Act?), and pursuant to the special resolution passed at the annual general meeting of the company held on 24 November 2017 authorising the board of directors of Adapt IT (?board?) to provide direct or indirect financial assistance to, amongst others, inter-related companies, notification is hereby given by the company that the board has adopted a resolution in terms of section 45(3)(b) of the Companies Act authorising the company to bind itself as surety for, and co-principal debtor with, its wholly-owned subsidiary, Adapt IT (Pty) Ltd. (?subsidiary?) in respect of all of the subsidiary?s facility obligations to Investec Bank Ltd.



In accordance with section 45 of the Companies Act, the board is satisfied and acknowledges that:

* immediately after providing such financial assistance, the company would have satisfied the solvency and liquidity test as provided for in section 4 of the Companies Act; and

* the terms under which such financial assistance would be given are fair and reasonable to the company.
24-Nov-2017
(Official Notice)
Shareholders are advised that, at the annual general meeting of Adapt IT held on Friday, 23 November 2017, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 74 750 011, representing 46.56% of the total issued share capital of the same class of Adapt IT shares.

22-Nov-2017
(Official Notice)
18-Oct-2017
(Official Notice)
Shareholders are advised that the company has entered into negotiations in respect of a possible acquisition 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 made.
08-Sep-2017
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2017 was distributed to shareholders on 8 September 2017 and contains no modifications to the preliminary summarised consolidated audited results published on SENS on 28 August 2017 (?Results Announcement?).



Shareholders are referred to the notice given in the Results Announcement and are reminded that the 18th annual general meeting of shareholders of Adapt IT will be held at 09:00 on Friday, 24 November 2017 at the Company?s offices at 5 Rydall Vale Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal, to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 17 November 2017. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the register to be entitled to vote will be Tuesday, 14 November 2017.

28-Aug-2017
(C)
Revenue for the year increased to R996.4 million (2016: R803.3 million), gross profit rose to R573.3 million (2016: R452.6 million), profit for the year attributable to equity holders of the parent was higher at R88.1 million (2016: R78.4 million), while headline earnings per share grew to 58.76 cents per share (2016: 57.54 cents per share).



Dividend

The Board has set a policy of considering a dividend once annually, after the year-end. The Board has declared a dividend on a dividend cover ratio of four times as the group wishes to retain a significant proportion of profits for future growth activities.



The group will have sufficient working capital to meet its requirements after the dividend payment. Notice is hereby given that a gross cash dividend of 13.70 cents per share (the dividend) has been declared for the year ended 30 June 2017, payable to shareholders recorded in the books of the company at close of business on 22 September 2017.



Notice of AGM and posting of integrated annual report

The integrated annual report will be mailed to shareholders on 8 September 2017 and is available on the group's website: www.protect-za.mimecast.com/s/zKaDB7S23NouD?domain=adaptit.co.za from 28 August 2017.



Notice was given that the 18th annual general meeting of shareholders of Adapt IT will be held on Friday, 24 November 2017 at 09:00 at the company's offices at 5 Rydall Vale Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal.



The Board has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, No 71 of 2008, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 17 November 2017. Accordingly, the last date to trade in order to be registered in the register of shareholders of the company and therefore be eligible to participate in and vote at the annual general meeting is Tuesday, 14 November 2017.
31-Jul-2017
(Official Notice)
At the annual general meeting of AdaptIT shareholders held on Friday, 25 November 2016, the requisite majority of shareholders approved an ordinary resolution authorising the directors of the Company to issue up to 15% of the Company?s issued share capital for cash in accordance with paragraph 5.52 of the Listings Requirements of the JSE Ltd. (?JSE Listings Requirements?) (?General Authority?). In terms of paragraph 11.22 of the JSE Listings Requirements, shareholders are hereby advised that Adapt IT has cumulatively issued more than 5% of its shares in issue under the General Authority since the date of the annual general meeting.



The shares issued under the General Authority were issued as follows:

- On 15 December 2016, Adapt IT issued 5 793 102 ordinary shares at R14.50 per share, being a 9.15% discount to the 30 day volume weighted average price at the close of business on 13 December 2016, the day before the issue was agreed in writing, in terms of an accelerated bookbuild.

- On 31 July 2017, Adapt IT issued 3 091 343 ordinary shares at R9.98 per share, being a 10% discount to the 30 day volume weighted average price at the close of business on 9 May 2017, the day before the issue was agreed in writing, to Shalamuka Capital 3 (Pty) Ltd. (?Shalamuka?).



The proceeds of the accelerated bookbuild were used to fund acquisitions, whereas the issue of shares to Shalamuka formed part of the composite transaction for the acquisition of Micros South Africa Ltd., as announced on SENS on 10 May 2017.
19-Jul-2017
(Official Notice)
Further to the announcement released on SENS on 10 May 2017 regarding the acquisition of Micros (and using the terms defined therein unless otherwise stated), shareholders are advised that, following receipt of approval of the composite transaction from the Competition Authorities, all conditions precedent have now been fulfilled and the acquisition of Micros has become unconditional. The effective date of the acquisition will be 1 July 2017.
10-May-2017
(Official Notice)
18-Apr-2017
(Official Notice)
Further to the cautionary announcement dated 2 March 2017, shareholders are advised that negotiations in respect of a possible acquisition are still in progress which, if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Adapt IT?s securities until a further announcement is made.

02-Mar-2017
(Official Notice)
Shareholders are advised that the company has entered into negotiations in respect of a possible acquisition 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 made.

13-Feb-2017
(C)
Revenue grew 47% to R463.0 million (R314.6 million) and gross profit was 57% higher at R262.4 million (R166.6 million). EBITDA rose 44% to R89.9 million (R62.3 million). Profit from operations increased by 32% to R69.5 million (R52.5 million). Profit attributable to equity holders improved by 12% to R35.5 million (R31.7 million). Furthermore, headline earnings per share were 2% better at 24.41cps (23.96cps).



Outlook

Whilst the current market conditions are challenging, the company's outlook remains positive as we continue to build on the strong, well-diversified foundation that we have established to create a sizeable, leading ICT business that delivers above sector average growth and returns.
09-Dec-2016
(Official Notice)
n terms of the provisions of section 45(5) of the Companies Act, 2008 (Act 71 of 2008), as amended (?Companies Act?), and pursuant to the special resolution passed at the annual general meeting of the company held on 25 November 2016 authorising the board of directors of Adapt IT (?Board?) to provide direct or indirect financial assistance to, amongst others, inter-related companies, notification is hereby given by the Company that the Board has adopted a resolution in terms of section 45(3)(b) of the Companies Act authorising the company to bind itself as surety for, and co-principal debtor with, its wholly-owned subsidiary, Adapt IT (Pty) Ltd. (?the Subsidiary?) in respect of all of the Subsidiary?s facility obligations to Investec Bank Ltd.



In accordance with section 45 of the Companies Act, the board is satisfied and acknowledges that:

*immediately after providing such financial assistance, the company would have satisfied the solvency and liquidity test as provided for in section 4 of the Companies Act; and

*the terms under which such financial assistance would be given are fair and reasonable to the company.



25-Nov-2016
(Official Notice)
Shareholders are advised that, at the annual general meeting of Adapt IT held 25 November 2016, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 70 852 207, representing 48% of the total issued share capital of the same class of Adapt IT shares.
02-Sep-2016
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2016 was distributed to shareholders on 2 September 2016 and contains no modifications to the preliminary audited results published on SENS on 18 August 2016 (?Results Announcement?).



Shareholders are referred to the notice given in the Results Announcement and are reminded that the 17th annual general meeting of shareholders of Adapt IT will be held at 09:00 on Friday, 25 November 2016 at the company?s offices at 5 Rydall Vale Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 18 November 2016. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the register to be entitled to vote will be Tuesday, 15 November 2016.





18-Aug-2016
(Official Notice)
The board of directors of Adapt IT (?the Board?) notified its shareholders that Ms Nombali Mbambo has been appointed as an executive director and the Chief Financial Officer (?CFO?) of Adapt IT with effect from 18 August 2016. Following Ms Mbambo?s appointment as CFO, Ms Tiffany Dunsdon will resume her former role as Commercial Director of the Company and Managing Director of International operations.
18-Aug-2016
(C)
Revenue for the year ended 30 June 2016 soared to R803.3 million (2015: R578 million). Gross profit shot up to R452.6 million (2015: R276.2 million), profit attributable to equity holders of the parent increased to R78.4 million (2015: R52.7 million), while headline earnings per share grew to 57.54 cents per share (2015: 42.31 cents per share).



Dividend

A gross cash dividend of 13.40 cents per share (the dividend) has been declared for the year ended 30 June 2016, payable to shareholders recorded in the books of the company at close of business on 16 September 2016.



Notice of AGM and posting of AR

The integrated annual report will be mailed to shareholders on 1 September 2016 and is available on the group's website: www.adaptit.co.za, on 18 August 2016.



Notice is hereby given that the 17th annual general meeting of shareholders of Adapt IT will be held on Friday, 25 November 2016 at 09:00 at the company's offices at 5 Rydall Vale Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal.
21-Jul-2016
(Official Notice)
A review by management of the financial results for the year ended 30 June 2016 has indicated that:

*the earnings per share (?EPS?) is expected to be between 55.49 cents and 59.73 cents, reflecting an increase of between 31.1% and 41.1% compared to the restated EPS of 42.34 cents for the year ended 30 June 2015; and

*the headline earnings per share (?HEPS?) is expected to be between 55.41 cents and 59.65 cents, reflecting an increase of between 31.0% and 41.0% compared to the restated HEPS of 42.31 cents for the year ended 30 June 2015.



The financial information on which this trading statement is based has not been reviewed or reported on by Adapt IT?s auditors. Adapt IT's financial results are expected to be released on SENS on or about 18 August 2016.





08-Feb-2016
(C)
Turnover for the six months to December 2015 increased 19% to R310.4 million (2014: R261.3 million), organic growth was 13% and acquisitive growth was 6%. Profit from operations increased 50% to R52.5 million (2014: R35 million), representing an improved operating profit margin of 16.9% (2014: 14.5%). Interim Earnings per Share (EPS) improved by 43% to 23.99 cents per share (cps) from 16.81 cps and Interim Headline EPS (HEPS) improved by 42% to 23.96 cps from 16.82 cps.



Dividend

Ordinary dividend number 13, in respect of the year ended 30 June 2015, of 10.90 cents per share, on a four times dividend cover ratio, was paid to shareholders on 14 September 2015. It is AdaptIT's policy to declare a dividend after financial year end and not at the interim reporting date.



Outlook

Whilst the current market conditions remain challenging, we continue the partnership with our customers to contain costs as well take up any opportunities presented by the current environment to grow our business. The outlook remains positive as we continue to build on the strong, well diversified foundation already established to create a sizeable leading ICT business that delivers above sector average growth and returns.



Acquisition

Adapt IT (Pty) Ltd. acquired 100% of CQS Investment Holdings (Pty) Ltd. (CQS) during the period. This acquisition was subject to the approval of the Competition Commission, which was granted in December 2015. The CQS group was consolidated with effect from 31 December 2015 and there was thus no contribution to profits from CQS in these interim results. The transaction was funded through debt of R160 million and the issue of 7 million Adapt IT shares.
28-Jan-2016
(Official Notice)
In accounting for the business combination of AspiviaUnison Proprietary Limited for the six month period ended 31 December 2014 (?31 December 2014 Results?) and the year ended 30 June 2015 (?30 June 2015 Results?), no fair value was placed on intangible assets other than goodwill, as the valuation of these intangible assets in terms of IFRS 3 had not been determined. The valuation of these intangible assets, namely Customer Relationships and Internally Generated Software, has now been finalised.



The 31 December 2014 Results and 30 June 2015 Results have been restated retrospectively in this regard, to increase the value of intangible assets acquired to R82.6 million and to increase the related deferred tax liability to R23.1 million, resulting in a decrease in goodwill of R59.5 million.



Trading Statement

A review of the financial results for the six months ended 31 December 2015 by management has indicated that:

*the earnings per share (?EPS?) is expected to be between 23.15 cents and 24.83 cents, reflecting an increase of between 37.7% and 47.7% compared to the restated EPS of 16.81 cents for the six months ended 31 December 2014; and

*the headline earnings per share (?HEPS?) is expected to be between 23.12 cents and 24.80 cents, reflecting an increase of between 37.4% and 47.4% compared to the restated HEPS of 16.82 cents for the six months ended 31 December 2014.



The financial information on which this trading statement is based has not been reviewed or reported on by Adapt IT?s auditors. Adapt IT's interim financial results are expected to be released on SENS on or about 8 February 2016.



10-Dec-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 19 October 2015 (and using the terms defined therein unless otherwise stated) wherein shareholders were advised that the Purchaser had entered into an Agreement with the Sellers in terms of which the Purchaser would acquire the Sold Equity, being 100% of CQS Investments, from the Sellers as one indivisible transaction in accordance with the terms of the Agreement.



Shareholders are advised that all conditions precedent to the Acquisition have been fulfilled and the Acquisition is now unconditional. Subject to Closing, the effective date of the Acquisition for accounting purposes will be 31 December 2015.

06-Nov-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Adapt IT held, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 54 410 454, representing 41% of the total issued share capital of the same class of Adapt IT shares.

27-Oct-2015
(Official Notice)
In terms of the provisions of section 45(5) of the Companies Act, 2008 (Act 71 of 2008), as amended (?Companies Act?), and pursuant to the special resolution passed at the annual general meeting of the Company held on 7 November 2014 authorising the board of directors of Adapt IT (?Board?) to provide direct or indirect financial assistance to related and inter-related parties, notification is hereby given by the Company that the Board has adopted a resolution in terms of section 45(3)(b) of the Companies Act authorising the Company to bind itself as surety for, and co-principal debtor with its wholly owned subsidiary, Adapt IT Proprietary Limited (?Subsidiary?) in the amount of R216 815 000 in respect of all of the Subsidiary?s obligations to the sellers under a share purchase agreement for the acquisition by the Subsidiary of the entire issued shares in, and claims against, CQS Investment Holdings Proprietary Limited.



In accordance with section 45 of the Companies Act, the Board is satisfied and acknowledges that:

i.immediately after providing such financial assistance, the Company would have satisfied the solvency and liquidity test as provided for in section 4 of the Companies Act; and

ii.the terms under which such financial assistance would be given are fair and reasonable to the Company.

19-Oct-2015
(Official Notice)
31-Aug-2015
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2015 was distributed to shareholders on 31 August 2015 and contains no modifications to the preliminary audited results published on SENS on 17 August 2015 (?Results Announcement?).



Shareholders are referred to the notice given in the Results Announcement and are reminded that the 16th Annual General Meeting of shareholders of Adapt IT will be held at 09:00 on Friday, 6 November 2015 at the office of the Company at 5 Rydall Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 30 October 2015. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the register to be entitled to vote will be Friday, 23 October 2015.
17-Aug-2015
(C)
Revenue for the year shot up to R578.0 million (R408.5 million). Gross profit jumped to R276.2 million (R178.5 million). Profit from operations rose to R93.8 million (R49.7 million), while profit for the year attributable to equity holders of the parent grew to R57.9 million (R38.1 million). Furthermore, headline earnings per share was higher at 46.54cps (34.55cps).



Dividend

Notice is hereby given that a cash dividend of 10,90 cents per share (the dividend) has been declared for the year ended 30 June 2015.



Annual general meeting

Notice is hereby given that the 16th Annual General Meeting of shareholders of Adapt IT will be held at 09:00 on Friday, 6 November 2015 at the office of the Company at 5 Rydall Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal.
23-Jul-2015
(Official Notice)
A review of the financial results for the year ended 30 June 2015 by management has indicated that:

* the earnings per share (?EPS?) is expected to be between 44.85 cents and 48.29 cents, reflecting an increase of between 30.2% and 40.2% compared to the EPS of 34.45 cents for the year ended 30 June 2014; and

* the headline earnings per share (?HEPS?) is expected to be between 44.81 cents and 48.27 cents, reflecting an increase of between 29.7% and 39.7% compared to the HEPS of 34.55 cents for the year ended 30 June 2014.



Adapt IT's financial results are expected to be released on SENS on or about 17 August 2015.
01-Jul-2015
(Official Notice)
The board of directors of AdaptIT (?the Board?) is pleased to advise shareholders that agreement has been reached between the Company?s wholly-owned subsidiary, AdaptIT (Pty) Ltd. (?AdaptIT (Pty) Ltd.? or the ?Amalgamated Company?), and ApplyIT (Pty) Ltd., Swicon360 (Pty) Ltd., Swicon360 HCM Spectrum (Pty) Ltd., ITS eVula (Pty) Ltd., Aquilon (Pty) Ltd., Aquilon Evolution Holdings (Pty) Ltd., Aquilon Evolution Consulting (Pty) Ltd., AspiviaUnison (Pty) Ltd., Unison Communications Holdings (Pty) Ltd., Unison Communications (Pty) Ltd. and Aspivia (Pty) Ltd. (collectively referred to hereinafter as the ?Amalgamating Companies?), in terms of which the Amalgamating Companies shall be amalgamated into AdaptIT (Pty) Ltd. in accordance with the provisions of sections 113, 115 and 116 of the Companies Act, 2008 (Act 71 of 2008), as amended (?the Companies Act?) (?the Amalgamation?).



The Amalgamated Company and the Amalgamating Companies all form part of the same group of companies, with AdaptIT being the ultimate holding company.

The effective date of the Amalgamation is 1 July 2015 (?the Amalgamation Date?).

The reasons for the Amalgamation are, inter alia, to:

*rationalise the AdaptIT group;

*reduce the number of AdaptIT group entities;

*achieve efficiencies and savings in, amongst other things, administrative and operational expenditure; and

*simplify the AdaptIT group structure.



With effect from the Amalgamation Date and pursuant to section 116(7) of the Companies Act:

*all of the property of each Amalgamating Company becomes the sole property of the Amalgamated Company; and

*the Amalgamated Company becomes liable for all of the obligations of every Amalgamating Company.



Although the Amalgamation does not require any formal disclosure in terms of the Listings Requirements of the JSE Ltd., the Board would like to keep shareholders informed of the ongoing activities of AdaptIT.



Shareholders are also advised that the Takeover Regulation Panel has exempted the Amalgamation, in terms of section 119(6) of the Companies Act.
10-Feb-2015
(Media Comment)
Business Day highlighted that Adapt IT has further expanded its operations into New Zealand through an acquisition of Student Management Software Solutions for R7.2 million, effective from last month. CEO Sbu Shabalala said Adapt IT already had a presence in New Zealand through a long standing customer and the acquisition would further expand its products and services in the market. The company also has operations in Australia. Mr Shabalala added that growth in the African market remained a focus.
09-Feb-2015
(Official Notice)
The board of directors of AdaptIT (?the Board?) notified its shareholders that Ms Catherine-Candice Koffman has been appointed as an independent non-executive director and member of the Audit and Risk Committee with effect from 6 February 2015. Following Ms Koffman?s appointment to the Board and the Audit and Risk Committee, the interim appointment of Mr Craig Chambers to this Committee of the Board has ceased.
09-Feb-2015
(C)
Revenue for the interim period shot up to R262.5 million (2013: R190.9 million). Gross profit jumped to R117.1 million (2013: R80.5 million), profit from operations grew to R37.9 million (2013: R20.5 million), while total comprehensive income rose to R22.2 million (2013: R15.5 million). Furthermore, headline earnings per share strengthened to 18.58cps (2013: 13.74cps).



Outlook

AdaptIT's outlook remains positive as they continue to build on the strong well diversified foundation which they have established to create a sizeable leading ICT business which delivers above sector average growth and returns.
22-Jan-2015
(Official Notice)
A review of the financial results for the six months ended 31 December 2014 by management has indicated that:

* the earnings per share ("EPS") is expected to be between 17.21 cents and 19.95 cents, reflecting an increase of between 25.5% and 45.5% compared to the EPS of 13.71 cents for the six months ended 31 December 2013; and

* the headline earnings per share ("HEPS") is expected to be between 17.19 cents and 19.99 cents, reflecting an increase of between 22.9% and 42.9% compared to the HEPS of 13.74 cents for the six months ended 31 December 2013.



AdaptIT's interim financial results are expected to be released on SENS on or about 9 February 2015.
20-Nov-2014
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Ltd., the board of directors of AdaptIT ("the Board") hereby notifies its shareholders that Ms Thembisa Dingaan has resigned as an independent non-executive director of the Board, chairperson of the Remuneration Committee, member of the Audit and Risk Committee and member of the Nominations Committee with immediate effect, in order to pursue alternative business interests.



The Board thanks Thembisa for her contribution to the Company and wishes her well in her future endeavours.



Mr Craig Chambers, an independent non-executive director of the Board, has been appointed as a member of the Audit and Risk Committee with immediate effect.

07-Nov-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Adapt IT held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 60 378 019 representing 52.15% of the total issued share capital of the same class of Adapt IT shares.
06-Nov-2014
(Official Notice)
Further to the announcement released on SENS on 28 October 2014 and using the terms defined therein unless otherwise stated, shareholders are hereby advised that all the conditions to Closing have been fulfilled with effect from 5 November 2014 and accordingly, the Acquisition has taken retrospective effect from 1 September 2014.
28-Oct-2014
(Official Notice)
21-Oct-2014
(Official Notice)
Shareholders are advised that Adapt IT has entered into negotiations in respect of a possible acquisition 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 made.

02-Sep-2014
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2014 was dispatched to shareholders on 2 September 2014 and contains no modifications to the preliminary audited results published on SENS on 18 August 2014. Notice is hereby given that the 15th annual general meeting of shareholders of Adapt IT will be held at 09:00 on Friday, 7 November 2014 at 5 Rydall Vale Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu- Natal to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 31 October 2014. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the Register to be entitled to vote will be Friday, 24 October 2014.
19-Aug-2014
(Media Comment)
According to Business Day AdapIT could add new investors to the company as it undertakes a capital raising exercise. The company which is 30% black owned, is focusing on strengthening its empowerment credentials to align itself with new broad-based black empowerment codes. CEO Sbu Shabalala said the company was looking at issuing shares to black investors who will invest in the business and apply those funds into growth opportunities. The company had made progress in improving its empowerment programmes, mainly in the employment equity segment.
18-Aug-2014
(C)
Revenue for the year shot up to R408.5 million (R306 million). Gross profit jumped to R178.5 million (R131.6 million), profit from operations rose to R49.7 million (R29.4 million), while profit for the year attributable to equity holders of the parent grew to R38.1 million (R24.1 million). Furthermore, headline earnings per share was higher at 34.55cps (22.27cps).



Dividend

Notice is hereby given that a cash dividend of 8.23cps has been declared for the year ended 30 June 2014.



Notice of the AGM and posting of annual report

The integrated annual report will be mailed to shareholders on 2 September 2014 and is available 18th August 2014, on the Group?s website: www.adaptit.co.za. Notice is hereby given that the 15th Annual General Meeting of shareholders of Adapt IT will be held at 09:00 am on Friday, 7 November 2014 at the office of the Company at 5 Rydall Office Park, Rydall Vale Crescent, La Lucia Ridge, Kwa-Zulu Natal. The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the Annual General Meeting is Wednesday, 31 October 2014. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the register to be entitled to vote will be Friday, 24 October 2014.



28-Jul-2014
(Official Notice)
A review of the financial results for the year ended 30 June 2014 by management has indicated that the earnings per share is expected to increase by between 50% and 60% and the headline earnings per share is expected to increase by between 50% and 60%, compared to the earnings per share of 22.25 cents and the headline earnings per share of 22.27 cents for the year ended 30 June 2013. Adapt IT's financial results are expected to be released on SENS on or about 18 August 2014.
07-Feb-2014
(Media Comment)
Business Report highlighted that a diversified strategy had contributed towards double-digit growth for AdapIT business units amid a tough trading environment. The group intended to focus on solutions for financial services and education. It serves 20 further education and training colleges and has been approved as the education software provider for two new universities that the government intends to open. AdaptIT was now building critical mass in skills and infrastructure to gear up to service the highly contested public sector, and intended to gain a foothold in the pharmaceutical and retail industries in future.
07-Feb-2014
(C)
Revenue rose to R190.9 million (R140.1 million) whilst profit from operations increased to R20.5 million (R11.7 million). Net attributable profit to ordinary shareholders surged to R15 million (R9.1 million). In addition, headline earnings per share improved to 13.74cps from 8.35cps for the prior comparative period.



Dividend

Ordinary dividend number 11 of 5.56 cents per share was paid to shareholders on 16 September 2013. It is Group policy to consider declaration of dividends at the end of the financial year and not at the interim reporting date.



Outlook

AdaptIT's outlook remains positive as the group continues to build on the strong foundation it has established to create a sizeable leading ICT business which delivers above sector average growth and returns.
20-Jan-2014
(Official Notice)
A review of the financial results for the six months ended 31 December 2013 by management has indicated that the earnings per share ("EPS") and the headline earnings per share ("HEPS") are expected to increase by between 59% and 69%, compared to the EPS of 8.36 cents and HEPS of 8.35 cents for the six months ended 31 December 2012. AdaptIT's interim financial results are expected to be released on SENS on or about 6 February 2014.
04-Dec-2013
(Official Notice)
Further to the announcement released on SENS on 11 November 2013 and using the terms defined therein unless otherwise stated, shareholders are hereby advised that all conditions precedent have been fulfilled or waived with effect from 29 November 2013 and accordingly, the Acquisition has become unconditional.
11-Nov-2013
(Official Notice)
08-Nov-2013
(Official Notice)
Shareholders are advised that, at the annual general meeting of Adapt IT held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Companies and Intellectual Property Commission in due course.

29-Oct-2013
(Media Comment)
Business Day reported that AdaptIT announced that it had entered into a partnership with Ventyx in a move that would expand the company's presence in the continent. Through the partnership, AdaptIT would seek further opportunities for the deployment of Ventyx solutions in the energy and utilities sector. "The partnership is especially significant as it takes AdaptIT further in its quest to deliver complete solutions to African clients in the energy and utilities sector," the company said.
03-Sep-2013
(Official Notice)
Shareholders are advised that the annual report for the year ended 30 June 2013, has been dispatched to shareholders and contains no modifications to the audited results published on SENS on 19 August 2013.



Notice of AGM

Notice is given that the 14th annual general meeting of shareholders of AdaptIT will be held at the Company's offices, 5 Rydall Vale Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal at 09:00 on Friday, 8 November 2013 to conduct the business stated in the notice of the annual general meeting, which is contained in the annual report. The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 1 November 2013. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the Register to be entitled to vote will be Friday, 25 October 2013.
19-Aug-2013
(C)
Revenue for the year shot up to R306 million (2012: R224.8 million). Gross profit jumped to R131.6 million (2012: R103.9 million), profit from operations rose to R29.4 million (2012: R22.2 million), while profit for the year attributable to equity holders of the parent grew to R24.1 million (2012: R18.1 million). Furthermore, headline earnings per share was higher at 22.27cps (2012: 17.45cps).



Dividend

Notice is hereby given that a cash dividend of 5.56cps has been declared for the year ended 30 June 2013.



Notice of the AGM and posting of annual report

Notice is hereby given that the 14th Annual General Meeting of shareholders of Adapt IT will be held at 09:00 am on Friday, 8 November 2013 at the office of the Company at 5 Rydall Office Park, Rydall Vale Crescent, La Lucia Ridge. The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the Annual General Meeting is Friday, 1 November 2013. Accordingly, the last day to trade Adapt IT shares in order to be recorded in the register to be entitled to vote will be Friday, 25 October 2013.



Outlook

Under challenging market conditions, Adapt IT has delivered another strong financial performance in 2013 through the continued implementation of a sustainable growth and diversification strategy. As of 1 July 2013 we are better positioned to enhance operational efficiencies through an amalgamation of the Company's subsidiaries into the main operating subsidiary. This enables us to do business under one Adapt IT brand and contributes to improving our value proposition and service to customers
29-Jul-2013
(Official Notice)
A review of the financial results for the year ended 30 June 2013 by management has indicated that the earnings per share is expected to increase by between 22% and 32% and the headline earnings per share is expected to increase by between 23% and 33%, compared to the earnings per share of 17.46 cents and the headline earnings per share of 17.45 cents for the year ended 30 June 2012. Adapt IT's financial results are expected to be released on SENS on or about 19 August 2013.
01-Jul-2013
(Official Notice)
The board of directors of AdaptIT advised shareholders that agreement has been reached between the company's wholly-owned subsidiary, Adapt IT (Pty) Ltd. or the ("Amalgamated Company"), and B I Planning Services (Pty) Ltd. ("BIPS"), ITS Abacus (Pty) Ltd. ("ITS Abacus"), ITS Africa Technologies (Pty) Ltd. ("ITS Africa"), ITS Holdings (Pty) Ltd. ("ITS Holdings"), ITS Tertiary Software (Pty) Ltd. ("ITS Software") and Synet (Pty) Ltd. ("Synet") (collectively referred to hereinafter as the "amalgamating companies"), in terms of which the amalgamating companies shall be amalgamated into Adapt IT (Pty) Ltd. in accordance with the provisions of sections 113, 115 and 116 of the Companies Act, Act 71 of 2008 ("the Companies Act") ("the amalgamation"). The amalgamated company and the amalgamating companies all form part of the same group of companies, with AdaptIT being the ultimate holding company. The effective date of the amalgamation is 1 July 2013 ("the Amalgamation Date"). Although the amalgamation does not require any formal disclosure in terms of the Listings Requirements of the JSE Ltd., the board would like to keep shareholders informed of the ongoing activities of AdaptIT. Shareholders are also advised that the Takeover Regulation Panel has exempted the amalgamation, in terms of section 119(6) of the Companies Act.
06-Jun-2013
(Official Notice)
Shareholders are referred to the cautionary announcement dated 26 April 2013, and are advised that as negotiations have been terminated, caution is no longer required to be exercised when dealing in the company's securities.
26-Apr-2013
(Official Notice)
Shareholders are advised that AdaptIT has entered into negotiations, 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 made.
28-Mar-2013
(Official Notice)
Mr Siboniso Shabalala has resigned as financial director with effect from 31 March 2013 in order to pursue alternative business interests. However, Siboniso will be staying on at the Company until 30 June 2013 to serve a three month notice period. Ms Tiffany Dunsdon, currently the company's commercial director, will be appointed as financial director with effect from 1 April 2013. Tiffany's duties as commercial director will be incorporated under the role of financial director.
11-Feb-2013
(C)
Revenue rose by 52% to R140.1 million (R92.3 million) whilst profit from operations increased 61% to R11.7 million (R7.2 million) representing a healthy operating profit margin of 9%. Net attributable profit surged 49% to R9.1 million (R6.1 million). In addition, headline earnings per share improved by 35% to 8.35cps from 6.19 cps for the prior comparative period.



Outlook

The economic and trading environment is improving, both in South Africa and globally. AdaptIT is better positioned to take advantage of future software and services opportunities due to the company's increased service diversity and sector reach. The group will continue to drive organic and acquisitive growth in line with its strategy, which aims to deliver above ICT sector average growth and returns.
08-Feb-2013
(Official Notice)
The board of directors of AdaptIT notified its shareholders that Mr Oliver Fortuin has been appointed as an independent non-executive director of the Company and that Mr Mandla Nhlapo has resigned as an independent non-executive director of the Company, both with immediate effect. Oliver will replace Mandla as Chairman of the Social and Ethics Committee and as member of the Audit and Risk Committee.
22-Jan-2013
(Official Notice)
A review of the financial results for the six months ended 31 December 2012 by management has indicated that the earnings per share ("EPS") and the headline earnings per share ("HEPS") are expected to increase by between 25% and 45%, compared to the EPS and HEPS of 6.19 cents for the six months ended 31 December 2011. AdaptIT's interim financial results are expected to be released on SENS on or about 13 February 2013.
29-Oct-2012
(Official Notice)
26-Oct-2012
(Official Notice)
Shareholders are advised that, at the annual general meeting of Adapt IT held on 26 October 2012, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Companies and Intellectual Property Commission in due course.
25-Oct-2012
(Official Notice)
The board of directors of AdaptIT notified its shareholders that with effect from 26 October 2012, Craig Chambers has been appointed as Independent Non-Executive Chairman, replacing Dr Bernard Ravno, who is retiring from his role as Independent Non-Executive Chairman.



Shareholders were further notified that following Bernard's retirement, Tembisa Dingaan, who is an Independent Non-Executive Director of the Company, has been appointed as Chairman of the Nominations and Remunerations Committee.
21-Aug-2012
(C)
Revenue for the year shot up to R224.8 million (2011: R180.9 million). Gross profit jumped to R103.9 million (2011: R83.4 million), profit from operations rose to R22.2 million (2011: R15 million), while profit for the year attributable to equity holders of the parent grew to R18.1 million (2011: R11 million). Furthermore, headline earnings per share was higher at 17.45cps (2011: 11.46cps).



Dividend

A cash dividend of 4.84cps was declared for the year ended 30 June 2012.



Notice of the annual general meeting and posting of annual report

The integrated annual report will be mailed to shareholders on 3 September 2012. Notice was given that the 13th annual general meeting of shareholders of Adapt IT will be held at 09:00 am on Friday, 26 October 2012 at 4 - 5 Rydall Office Park, Rydall Vale Crescent, La Lucia Ridge.
16-Jul-2012
(Official Notice)
A review of the financial results for the year ended 30 June 2012 by management has indicated that the earnings per share is expected to increase by between 42.8% and 62.8% and the headline earnings per share is expected to increase by between 41.3% and 61.3%, compared to the earnings per share of 11.36 cents and the headline earnings per share of 11.46 cents for the year ended 30 June 2011. AdaptIT's financial results are expected to be released on SENS on or about 21 August 2012.
08-Feb-2012
(C)
Revenue grew to R92.3 million (December 2010: R85.1 million) whilst profit from operations was higher at R7.2 million (December 2010: R6.5 million). Net attributable profit increased to R6.1million (December 2010: R3.3 million). Headline earnings on a per share basis grew to 6.19cps (December 2010: 3.56cps).



Dividend

It is group policy to consider declaration of dividends at the end of the financial year and not at the interim reporting date.



Prospects

The Adapt IT Group continued to pursue its long-term strategy to deliver sustainable above average returns to shareholders by focusing on a combination of organic and acquisitive growth. The acquisition of BI Planning Services (Pty) Ltd ("BiPS"), effective 1 January 2012, further enhances the group's product offerings and provides access to customers within the Financial Services Sector. The Group will seek further significant earnings enhancing acquisitions. The group continues to grow its footprint in the broader African and International markets and maintains its tight focus on improving profit margins, seeking greater operational efficiencies and engaging positively with all its stakeholders in order to meet their expectations. We envisage the second half of the year to remain challenging, however, we are favourably positioned to take advantage of the opportunities presented by our markets.
28-Nov-2011
(Official Notice)
Shareholders were advised that, at the annual general meeting of AdaptIT held on Friday, 25 November 2011, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Companies and Intellectual Property Commission in due course.
21-Sep-2011
(C)
These are AdaptIT's first 12 months results following a year-end change, the prior year's results are for 16 months and are therefore not comparable. Turnover amounted to R180.9 million and gross profit was at R83.4 million, while profit for the period attributable to ordinary shareholders was recorded at R11 million. In addition, headline earnings per share came in at 11.46cps.



Dividend

Notice is hereby given that an ordinary cash dividend of 2.84cps has been declared for the year ended 30 June 2011.



Prospects

Market indicators and sentiment are beginning to show signs of improvement after the recent economic turmoil and although continued challenges to the economy are foreseen, Adapt IT remains confident of its ability to meet such challenges. Significant progress in line with the group's strategy has been made and service offerings have been improved in readiness to take advantage of the expected economic recovery. Adapt IT will, however, remain prudent in its approach. Adapt IT will expand into new high growth IT sectors where it believes it has a competitive advantage and the requisite competence to succeed.



Notice of the AGM

The integrated annual report will be mailed to shareholders on 30 September 2011. Notice is hereby given that the 12th Annual General Meeting of shareholders of Adapt IT will be held at 09:00 on Friday, 25 November 2011 at 4 - 5 Rydall Office Park, Rydall Vale Crescent, La Lucia Ridge
23-May-2011
(Official Notice)
The board of directors of AdaptIT hereby notifies its shareholders that Mr Patrick C M September who served as an independent non-executive director on the board, has after a short illness, passed away on the morning of 22 May 2011.
18-Apr-2011
(Official Notice)
The board of directors of AdaptIT ("the board") hereby notifies its shareholders of the following changes:

*Mr Wanda Shuenyane has resigned as an independent non-executive director of the company, with effect from 30 April 2011.

*Ms Thembisa Dingaan and Mr Craig Michael Chambers have been appointed as independent non-executive directors of the company, with effect from 3 May 2011.

06-Apr-2011
(Media Comment)
Business Day highlighted that AdapIT has partnered with Iron Mountain to sell the US company's software security in SA. The agreement forms part of AdaptIT's strategy to expand its products and services. AdaptIT has chosen three key Iron Mountain products, with possibility of extending this product range in the future. According to AdaptIT, 93% of all computer users have lost data in the past three years. One out of two companies that lost data in a disaster was out of business within two years. Data protection and recovery has become an important investment for any business to make. New York listed Iron Mountain has more than 60 years of experience and employs more than 20 000 employees world-wide. Its products are used in 40 countries across five continents.
14-Feb-2011
(C)
Adapt IT changed its financial year end to 30 June as of the previous year, (reporting for a 16-month period) therefore, the last reported comparable six-month period was to 31 August 2009. Revenue grew by 40% to R85.1 million, (R60.6 million) whilst profit from operations was 12% higher at R6.5 million (R5.8 million). However, net attributable profit declined to R3.3 million (R4.5 million). Headline earnings on a per basis grew to 3.56cps (3.50cps).



Prospects

Having completed the acquisition of a 100% stake in all existing subsidiaries, the group seeks further significant earnings, enhancing acquisitions. The group will also continue to focus on improving profit margins and seek greater operational efficiencies, whilst engaging positively with all its stakeholders to meet their expectations. Customers' IT expenditure continued to reflect the challenging economic environment, although, the diverse client-base of the group ensured that the business continues to grow through work for existing customers. The ICT market, and indeed the economic environment, is still fragile and challenging. However, Adapt IT is well-positioned to take advantage of the anticipated recovery, as evidenced by several new clients having been won in past months. The full ownership of all subsidiary companies enhances the group earnings going forward, whilst improving the balance sheet for further growth.
09-Feb-2011
(Official Notice)
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the six month period ended 31 December 2010 by management has indicated that the earnings per share is expected to be between 2.96 and 3.90 cents and the headline earnings per share is expected to be between 3.21 and 3.91 cents, compared to the earnings per share of 4.73 cents and the headline earnings per share of 3.50 cents for the six month period ended 31 August 2009.



The interim earnings per share for the current period, was lower than that of the six month period ended 31 August 2009, mainly due to the impact the change in year-end had on the timing of the recognition of revenue, as well as the non-recurring costs relating to the acquisition of the non-controlling interests of ITS Holdings (Proprietary) Limited and ApplyIT (Proprietary) Limited. The impact on earnings from the acquisition of the non-controlling interests will only be reflected in results going forward. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. AdaptIT`s interim financial results are expected to be released on SENS on or about 16 February 2011.

28-Jan-2011
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, shareholders are advised that Mr Ravindran Lester Moodley has resigned as company secretary with effect from 31 January 2011 in order to pursue personal interests. Statucor (Proprietary) Limited, a statutory secretarial services company, has been appointed as company secretary with effect from 1 February 2011.

17 Dec 2010 09:12:05
(Official Notice)
14 Dec 2010 11:30:59
(Official Notice)
Shareholders are advised that, at the general meeting of AdaptIT held on Tuesday, 14 December 2010, convened in terms of the notice of general meeting contained in the circular to shareholders issued on 26 November 2010, the requisite majority of shareholders approved the ordinary resolutions pertaining to the acquisition by AdaptIT of the remaining 49% of ITS Holdings (Pty) Ltd that it does not already own.
27 Oct 2010 12:14:31
(Official Notice)
22 Oct 2010 15:44:17
(Official Notice)
Shareholders were advised that, at the annual general meeting of AdaptIT held on Friday, 22 October 2010, all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office ("CIPRO") in due course. Shareholders were further advised that, at the general meeting of AdaptIT held immediately after the annual general meeting on Friday, 22 October 2010, convened in terms of the notice of general meeting contained in the circular to shareholders issued on 30 September 2010, the enabling resolutions to approve and implement the amendment to the company's articles of association and the adoption of the amendments to the company's Share Incentive Trust, were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at CIPRO in due course.
20 Sep 2010 16:06:03
(Official Notice)
Shareholders are advised that the annual report for the year ended 30 June 2010 was dispatched today and contains no modifications to the preliminary audited results published on 14 September 2010. Notice was also given that the annual general meeting of shareholders of AdaptIT will be held at the registered offices of Adapt IT, 4/5 Rydall Vale Office Park, Rydall Vale Crescent, La Lucia Ridge, KwaZulu-Natal at 09:00 on Friday, 22 October 2010 to transact the business stated in the notice of the annual general meeting, which is contained in the annual report.
15 Sep 2010 08:06:56
(Official Notice)
Shareholders were advised that AdaptIT had entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a further announcement was made.
14-Sep-2010
(C)
The results in brackets are for February 2009, before AdaptIT changed its year end to June each year. Revenue for the period ended increased to R208 million (2009: R77 million). Gross profit rocketed to R92 million (2009: R39 million), while profit from operations improved to R19 million (2009: R11 million). Profit for the period attributable to equity holders of the parent was higher at R13 million (2009: R9 million). Furthermore, headline earnings per share rose to 12.15cps (2009: 9.46cps).



Dividend

The board declared a dividend on a dividend cover ratio of four times, as the group wished to retain a significant proportion of profits for future growth activities. A cash dividend of 3.41cps was declared.



Prospects

Market indicators and sentiment are beginning to show signs of improvement after the recent economic turmoil and although continued challenges to the economy are foreseen, Adapt IT remains confident of its ability to meet such challenges. Significant progress in line with the group's strategy has been made and service offerings have been improved in readiness to take advantage of the expected economic recovery. Adapt IT will, however, remain prudent in its approach. Adapt IT will expand into new high growth IT sectors where it believes it has a competitive advantage and the requisite competence to succeed.
08 Sep 2010 14:42:51
(Official Notice)
A review of the financial results for the sixteen month period ended 30 June 2010 by management has indicated that the earnings per share is expected to be between 12.96 cents and 14.32 cents and the headline earnings per share is expected to be between 11.54 cents and 12.76 cents. Comparative results for the sixteenth month period ended 30 June 2009 have not been included in this trading statement as it was not practical for such figures to be calculated due to the change in the financial year end from 28 February to 30 June. Adapt IT's results for the 16 month period ended 30 June 2010 are expected to be released on SENS on or about 15 September 2010.
13 Apr 2010 16:01:28
(C)
Revenue increased from R77.5 million to R146.2 million in 2010.Gross profit increased to R57.7 million (2009:R38.6 million) and operating profit increased to R13.9 million (2009:R11.1 million). Profit attributable to ordinary shareholders increased to R10.7 million (R9.1million). Headline earnings on a per share basis increased to 9.99cps (9.46cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

Notwithstanding the current economic situation, the group is positive about the prospects of the group going forward, as the group is able to offer a more comprehensive service offering which will position the company for growth within the target markets.
28 Jan 2010 17:21:38
(Official Notice)
Mr Wayne Mann has tendered his resignation as company secretary of AdaptIT with effect from 19 February 2010. Mr Ravindran Lester Moodley will replace Mr Wayne Mann as company secretary with effect from 20 February 2010.
06 Jan 2010 10:24:50
(Permanent)
AdaptIT changed its year end from February each year to June each year as from 2010.
06 Jan 2010 10:21:40
(Official Notice)
AdaptIT shareholders are advised that the company's financial year-end will change from end of February to end of June. As a result of the change of the financial year-end, AdaptIT will publish reviewed second interim results for the twelve month period ending 28 February 2010 and audited results for the 16 month period ending 30 June 2010. AdaptIT shareholders are also advised that the registered office of the company has been changed to 4 and 5 Rydall Vale Crescent, Rydall Vale Office Park, La Lucia Ridge, 4051 and the postal address has been changed to PO Box 5207, Rydall Vale Park, La Lucia Ridge Office Estate, La Lucia Ridge, 4019.
10 Dec 2009 17:12:36
(Official Notice)
The board of directors of AdaptIT hereby notifies its shareholders that Patrick Christopher Muzi September has been appointed as an independent non-executive director of the company, with effect from 1 January 2010.
06 Oct 2009 16:09:19
(Official Notice)
Shareholders are hereby advised that Wayne Mann has been appointed as Adapt IT's company secretary with effect from 6 October 2009, replacing Ravindran Lester Moodley who has resigned as company secretary with effect from 5 October 2009.
05 Oct 2009 17:23:06
(C)
Revenue grew 60% to R60.6 million (R37.8 million). Net profit attributable to ordinary shareholders is R4.5 million compared to R4.2 million in the previous period. The interim earnings per share have increased in line with profits to 4.73c from 4.36c, representing an 8% increase Adapt IT (Pty) Ltd contributed a profit before tax of R4.8 million (2008: R4.8 million).



Dividend

The group has a policy to declare dividends at the end of the financial year and not at the interim reporting date.



Prospects

Not withstanding the current economic situation, management is positive about the prospects of the group.
03 Sep 2009 14:55:53
(Official Notice)
The board of directors of Adapt IT hereby notifies its shareholders that Ralph Collis has decided to resign as Chairman and non-executive director of the company effective 30 September 2009 in order to pursue private interests.



Dr Bernard Ravno, an independent non-executive member of the board, has been appointed by the board to act as the interim Chairman with effect from 1 October 2009 until a permanent successor has been appointed.
26 Jun 2009 11:30:21
(Official Notice)
At the general meeting of AdaptIT held on Friday, 26 June 2009, convened in terms of the notice of general meeting contained in the circular to shareholders issued on 11 June 2009, the requisite majority of shareholders approved the ordinary resolutions pertaining to the acquisition by AdaptIT of 51% of ITS Holdings (Pty) Ltd.
25 Jun 2009 16:27:51
(Official Notice)
Shareholders are advised that, at the annual general meeting of AdaptIT held on Friday, 19 June 2009, all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders with the exception of ordinary resolution number 3, "To re-elect Mr M C B Lionnet as a director of the company" which resolution was withdrawn prior to the meeting. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.
11 Jun 2009 11:14:49
(Official Notice)
AdaptIT had entered into an agreement to acquire 51% of the issued share capital in, and 51% of the loan accounts, including claims, against ITS Holdings (Pty) Ltd from The Rooibos Trust and from EDITS Holdings (Pty) Ltd as linked transactions, for a total consideration of R16 million.



The circular incorporating the detailed terms of the acquisition and notice convening a general meeting of AdaptIT shareholders to be held at 09:30 on Friday, 26 June 2009 at the registered office of AdaptIT, Gleneagles Park, 10 Flanders Drive, Mount Edgecombe, 4300, Durban, was posted to shareholders today, Thursday, 11 June 2009. Shareholders are further advised that the pro forma financial effects published in the announcement dated 1 June 2009 have been revised and the updated pro forma financial effects are presented in paragraph 4 below.
04 Jun 2009 15:48:04
(Official Notice)
The board of directors of AdaptIT hereby notifies its shareholders that executive directors, Mr Bruno Lionnet and Ms Cindy von Pannier, have resigned from the board of AdaptIT with effect from 3 June 2009.
01 Jun 2009 10:08:19
(Official Notice)
Shareholders are advised that AdaptIT has entered into agreement to acquire 51% of the issued share capital in, and 51% of the loan accounts, including claims, against ITS Holdings (Pty) Ltd from The Rooibos Trust and from EDITS Holdings (Pty) Ltd as linked transactions, for a total consideration of R16 million.

AdaptIT provides IT services and solutions including consulting and application design and delivery and support, predominantly to the public sector and the sugar producing industry in Southern Africa.



Conditions precedent and effective date

The acquisition is conditional upon fulfilment of the following conditions precedent on or before 30 June 2009 or such later date as AdaptIT, Rooibos and EDITS may agree to in writing:

*The provision to AdaptIT of a certified copy of the minutes of the meeting of the remaining shareholders of ITS, approving the conclusion of a shareholders' agreement with AdaptIT.

*The obtaining of all necessary approvals, including, approval of the acquisition by a majority of AdaptIT's shareholders present and voting at the general meeting.

*AdaptIT obtaining a certified copy of an ITS board resolution in terms of which:

*The transfer of the shares to AdaptIT is approved.

*The resignations of Messrs Alan Mundell and Rudi Stumpf as directors of ITS are approved by the board of directors of ITS.

*The nominees of AdaptIT as directors are accepted.

*The conclusion by AdaptIT of an agreement with a third party funder for a working capital loan facility of R8 million.

*The receipt by AdaptIT of a written notice from the shareholders of EDITS and the beneficiaries of Rooibos waiving their pre-emptive rights to acquire the EDITS shares and claims and the Rooibos shares and claims respectively

*The execution by EDITS shareholders of certain amendments to the shareholders' agreement between the shareholders of EDITS. The effective date of the acquisition is 30 June 2009.

06 May 2009 17:03:27
(Official Notice)
AdaptIT has appointed Merchantec (Pty) Ltd as sponsor to the company, with effect from 6 May 2009.
06 May 2009 09:10:32
(C)
Revenue increased to R77.5 million (R58 million). Gross profit rose to R38.7 million (R29.3 million) and net attributable profit increased to R9.1 million (R7.1 million). In addition, headline earnings grew by a little over 1c to 9.46cps (8.17cps).



Dividend

An ordinary dividend of 1.86cps has been declared.



Notice of annual general meeting

The annual report will be mailed to shareholders on 6 May 2009. The annual general meeting of Adapt IT will be held at Adapt IT, Gleneagles Park, 10 Flanders Drive, Mt Edgecombe on 19 June 2009.



Prospects

Despite the current economic downturn the prospects of the group for the year ahead are good. AdaptIT will focus on adding value to existing clients by broadening the group's service and product offerings to them. AdaptIT will selectively expand into new markets where it has competitive advantage and the required competencies to succeed.
15 Apr 2009 12:00:50
(Official Notice)
Mr R L Moodley has been appointed as company secretary to Adapt IT with immediate effect.
06 Apr 2009 10:06:25
(Official Notice)
Mr Siboniso Shabalala has been appointed as financial director of the company with immediate effect.
13 Nov 2008 18:08:46
(Official Notice)
Adapt IT advises shareholders that Mrs Bev Carrilho will resign from the board, as an executive director, with effect from 28 February 2009 to pursue a career in the education sector.
06 Oct 2008 09:19:09
(C)
Revenue grew 37% over the comparative period in the prior year to R37.6 million (R27.4 million). Profit from operations grew 63% to R6.7 million (R4.1 million). Profit attributable to ordinary shareholders grew 37% to R4.2 million (R3.1 million) while headline earnings per share grew by 23% to 4.36cps (3.55cps) on the comparative period in the prior year.



Dividend

No dividend has been declared.



Share repurchases

InfoWave (Pty) Ltd has acquired a total of 2 096 111 of its holding company, AdaptIT's shares between 12 May and 1 August 2008. In respect of the share repurchases:

*the highest price paid was 56cps and the lowest was 45cps;

*The share repurchases have been and will continue to be funded from available cash resources.



Prospects

AdaptIT is quite bullish about the prospects of the group going forward as the company has re-defined its service offerings to position the group for growth both within current markets, and into new markets, whilst pursuing acquisitive growth opportunities in line with the corporate strategy.
18 Sep 2008 11:50:04
(Official Notice)
Shareholders are advised that AdaptIT expects its earnings and headline earnings per share for the 6 month period ended 31 August 2008 to be between 20% and 25% higher compared to the previously reported corresponding period. The group?s interim results for the period ended 31 August 2008 is expected to be published on or about 6 October 2008.
04 Jun 2008 12:15:41
(Official Notice)
Shareholders are advised that all of the ordinary resolutions and a special resolution proposed at the AGM of the company held on Friday, 30 May 2008, were approved by the requisite majority of shareholders. The special resolution will be lodged with the registrar of Companies and Intellectual Property Registration Office, for registration in due course.
28 May 2008 09:38:14
(Official Notice)
Shareholders are advised that Mr P Aposporis has resigned as non-executive director effective 28 May 2008. The board would like to welcome Mrs Bongiwe Tembe in her stead as a non-executive director of AdaptIT.
08 May 2008 15:59:52
(Official Notice)
Shareholders are advised that the audited annual financial statements of the company were posted on Thursday, 8 May 2008 and there have been no changes to the audited results published on 8 May 2008.



Shareholders are also advised that the annual general meeting of the company will be held at Deloitte - Touche, Deloitte Place, 2 Pencarrow Crescent, Pencarrow Park, La Lucia Ridge Office Estate, La Lucia on Friday, 30 May 2008 at 15h30. The notice of the meeting is contained in the above mentioned annual financial statements.
08 May 2008 09:32:16
(C)
Revenue grew 17% over the prior year to R57.7 million. Operating profit grew by 20%. Profit attributable to ordinary shareholders grew 20% to R7.1 million (R5.9 million) while earnings per share grew by 16% to 7.97cps.



Dividends

The company has declared a sixth annual ordinary dividend of 4.43cps.



Prospects

The prospects of the group for the year ahead are good. AdaptIT will focus on adding value to its existing clients by broadening its service and product offerings to them. The group will selectively expand into new markets where it have a competitive advantage and the required competencies to succeed.
10 Mar 2008 08:48:13
(Permanent)
Infowave renamed to AdaptIT Holdings Ltd on 10 March 2008.
27 Feb 2008 16:36:59
(Official Notice)
Shareholders are referred to the announcement dated 22 February 2008 and advised that the special resolution for the change of name of "InfoWave Holdings Ltd" to "AdaptIT Holdings Ltd" has been registered with Companies and Intellectual Property Registration Office. The revised salient dates are set out below:

*Last day to trade under old name "InfoWave Holdings Ltd" on Friday, 7 March 2008

*Change of name on the JSE Ltd effective from close of business on Friday, 7 March 2008

*Trade under the new name "AdaptIT Holdings Ltd" under the JSE share code "ADI", abbreviated name "ADAPTIT" and new ISIN: ZAE000113163 from commencement of trading on Monday, 10 March 2008

*Record date for the change of name on Friday, 14 March 2008

*New share certificates reflecting the change of name posted by registered post to InfoWave certificated shareholders who have surrendered their documents of title on or before 12:00 on the record date on or about Monday, 17 March 2008

*Dematerialised InfoWave shareholders' accounts updated with new name by their CSDP or broker on Monday, 17 March 2008
22 Feb 2008 14:01:29
(Official Notice)
Shareholders are referred to the circular and salient dates announcement dated 9 January 2008 and are advised that due to unforeseen delays at the Companies and Intellectual Property Registration Office ("CIPRO"), the salient dates will be revised. The new dates will be announced on SENS once confirmation has been received from CIPRO.
04 Feb 2008 11:42:10
(Official Notice)
Shareholders are advised that all resolutions proposed at the General Meeting regarding the change of name of InfoWave held on Thursday, 31 January 2008, were passed by the requisite majorities of shareholders. The special resolution approving the change of the company?s name to AdaptIT will be lodged for registration at the Companies and Intellectual Property Registration Office in due course. The salient dates as detailed in the announcement released on SENS on 9 January 2008 remain unchanged.
21 Jun 2006 16:37:54
(Official Notice)
Mrs Nadine Jack (nee Swinford-Meyer) has resigned as company secretary to InfoWave with effect from 15 June 2006 and Mrs Bevleane Carrilho has been appointed as the new company secretary with effect from the same date.
29 May 2006 11:41:09
(Official Notice)
Shareholders are advised that all of the ordinary resolutions and a special resolution proposed at the AGM of the company held on Friday, 26 May 2006, were approved by the requisite majority of shareholders.
05 May 2006 13:43:55
(Official Notice)
The audited annual financial statements of the company were posted on Wednesday, 3 May 2006 and there have been no changes to the audited results published on 3 May 2006. The annual general meeting of the company will be held at Deloitte - Touche, Deloitte Place, 2 Pencarrow Crescent, Pencarrow Park, La Lucia Ridge Office Estate, La Lucia on Friday, 26 May 2006 at 15h30.
03 May 2006 18:25:56
(Official Notice)
The annual report for the year ended 28 February 2006 will be posted to shareholders on Thursday, 4 May 2006. The AGM will be held at Deloitte, Deloitte Place, 2 Pencarrow Crescent, Pencarrow Park, La Lucia Ridge Office Estate, La Lucia on Friday, 26 May 2006 at 15h30.
03 May 2006 17:41:35
(C)
Revenue increased by 8% over the prior year. Earnings per share grew by 3.7% on the prior year to 5.87c (5.66c) per share. The Sugar and Downstream business unit performed well in the period under review. Operating margins reduced due to investments in growing direct staff capacity and transformation as well as skills development and quality assurance. The group invested in additional sales and marketing capacity. This resulted in notably improved CaneLab product sales. Surplus cash retained for growth is invested in listed preference shares on which a gain of R0.3 million was made.



Dividends

The directors have declared dividend number 4 of 3.67c per share.



Prospects

The prospects of the core business for the financial year ahead are healthy. The directors will focus on the performance of ApplyIT to ensure its success, sustainability and contribution to the group. the board will continue to pursue acquisitive growth opportunities in line with the group's niche solutions strategy.
27 Mar 2006 08:37:40
(Official Notice)
Shareholders were advised that InfoWave had acquired, in addition to a R14 million loan account and subject to conditions, an effective 63.8% of ApplyIT (Pty) Ltd (a niche software products and services company). InfoWave acquired its interest in ApplyIT for a R0.5 million upfront payment, with a maximum potential balance of R8.6 million payable over the next two years, provided ApplyIT achieves predefined revenue targets. The effective date of the transaction : 1 March 2006. The acquisition would have the effect of decreasing EPS and HEPS by 32% and tangible net asset value by 4%.



Withdrawal of cautionary announcement

Caution in dealing in InfoWave shares was no longer required.
13 Feb 2006 17:37:41
(Official Notice)
Discussions are taking place which, if successfully concluded, may have an effect on the price of the company's shares. The discussions relate to a potential acquisition in the niche software products and services sector. Infowave informed shareholders to exercise caution when dealing in their shares until a further announcement was made.
12 Oct 2005 17:25:52
(Official Notice)
Shareholders are advised that the JSE has approved the transfer of InfoWave to the main board of the JSE List. The company is currently listed on the Development Capital Market section of the list. Effective the commencement of business Monday 17 October 2005 the shares will trade in the Information Technology - Computer Services sector of the JSE main board list (J972).



06 Oct 2005 17:49:24
(C)
Turnover increased by 13% on the comparative six month period to R17.7m (R15.6m) primarily driven by activities in the core business and based on an 8% increase in project delivery capacity. During the period under review the group invested in additional sales and marketing capacity and activities focused on geographic expansion and diversification. Strategic investments have been made in quality process improvements, BEE transformation and skills development throughout the organisation. Profit attributable to ordinary shareholders rose to R2.35m (R2.29m) while headline earnings and earnings per share grew 10% to 2.76cps (2.51cps).



The Listing

In line with its stated intent, the company has applied to the JSE to transfer its listing to the software and computer services sector of the main board, effective 10 October 2005.



Prospects

The group is satisfied with the health and organic growth prospects of the core business. In parallel, it is pursuing niche software business acquisitions to achieve growth and diversification. The benefits of the investments to increase capacity, quality and enable BEE transformation should flow through over time.
05 Jul 2005 17:24:25
(Official Notice)
The board of InfoWave has announced the appointment of Wanda Shuenyane as a non-executive director effective 5 July 2005. Mr Shuenyane is a non-executive director of I Capital Fund Managers (Pty) Ltd, the fund manager of the I Capital Growth Fund I Trust, which is a 14.2% shareholder of InfoWave.
02 Jun 2005 13:49:52
(Official Notice)
InfoWave has advised that P Naicker has reigned from the board with effect from 1 June 2005.
17-Jan-2018
(X)
Adapt IT is a leader in the ICT market through the provision of turnkey solutions to the Education, Manufacturing, Energy, Financial Services and Hospitality sectors, employing over 1 000 technology professionals and servicing more than 10 000 customers in 40 countries.



Adapt IT?s South African offices are in Durban, Johannesburg, Pretoria, and Cape Town, and international offices in Mauritius, Botswana, Ireland, Australia, and New Zealand.


Send e-mail to for any enquiries or see Contact Details for phone numbers
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