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06-Sep-2018
(Official Notice)
Shareholders are advised that Mr Herman Singh and Dr Phumla Mnganga have been appointed as independent non-executive directors of Adcorp. Mr Singh is appointed as a member of Adcorp?s Audit and Risk Committee as well as the Investment Committee. Dr Mnganga is appointed as a member of Adcorp?s Transformation, Social and Ethics Committee as well as the Investment Committee. All the above appointments are effective from 6 September 2018.



In addition, Mr Mark Jurgens has resigned as a director of Adcorp with effect from 6 September 2018. Mr Jurgens will remain in the employ of Adcorp in his role of heading up Adcorp?s Australian operations.
29-Aug-2018
(Official Notice)
The Board of Adcorp advised all shareholders that the company has transferred responsibility of transfer secretarial services to 4 Africa Exchange Registry (Pty) Ltd., with effect from 1 September 2018.



The new Transfer Secretaries? contact details are as follows:



4 Africa Exchange Registry (Pty) Ltd.

Cedar Woods House

Ballywoods Office Park

33 Ballyclare Drive

Bryanston

2191

South Africa

+27 (0) 11 100 8352

admin@4aregistry.co.za



Postal address:

Postnet Suite 532, Private Bag X51, Bryanston, 2021.
30-Jul-2018
(Official Notice)
Shareholders are advised that at the Annual General Meeting (?AGM?) of Adcorp shareholders held at Adcorp?s registered office, Adcorp Office Park, Nicolway East, cnr William Nicol Drive and Wedgewood Link, Bryanston, Johannesburg, all the ordinary and special resolutions as set out in the notice of the AGM, dated 25 June 2018, contained in the Company`s 2018 Integrated Annual Report were duly passed by the requisite majority votes of shareholders.
27-Jul-2018
(Official Notice)
23-Jul-2018
(Official Notice)
Shareholders are advised that Ms Jesmane Boggenpoel has resigned as a non-executive director of Adcorp with effect from 20 July 2018 in order to pursue her personal interests.



The board of directors extends their appreciation to Ms Boggenpoel for her contribution to Adcorp and wishes her well in her future endeavours.
29-Jun-2018
(Official Notice)
Shareholders are advised that the integrated annual report containing the audited annual financial statements for Adcorp for the year ended 28 February 2018 has been posted to shareholders today, Friday 29 June 2018. There have been no changes from the audited summary consolidated and separate provisional results for the year ended 28 February 2018 released on SENS on 18 May 2018. The 2018 integrated annual report is also available on Adcorp?s website at www.adcorpgroup.com.



Adcorp?s annual financial statements were audited by the company`s auditors, Deloitte - Touche. A copy of their unmodified audit report is available for inspection at the company`s registered office, Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston.



The annual general meeting of shareholders of the company will be held at Adcorp Office Park, Nicolway East, corner William Nicol Drive and Wedgewood Link, Bryanston on Monday, 30 July 2018 at 8:30, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



The record date on which shareholders must be recorded in the register maintained by the transfer secretaries of the company for the purposes of being entitled to attend and vote at the annual general meeting is Friday, 20 July 2018. Accordingly, the last day to trade is Tuesday, 17 July 2018.



Broad-Based Black Economic Empowerment Act ("the Act"):

Annual Compliance Report In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listings Requirements, notice is hereby given that the company's annual compliance report in terms of section 13G(2) of the Act has been published and is available on the company's website at www.adcorpgroup.com.
23-May-2018
(Official Notice)
Shareholders are referred to an article which appeared in the Business Day newspaper on 22 May 2018 which had as a highlight on the side of the article stating that Adcorp was budgeting for 2019 earnings of R520 million.



The article mentioned that Adcorp is targeting earnings of R1 billion in 2022 and to clarify that is at the Earnings Before Interest Depreciation and Amortisation (?EBITDA?) level. This number can be confirmed by Adcorp however it should be noted that this is purely a target at this stage with the intention to grow the business substantially.



Adcorp can only assume that the above mentioned number of R520 million earnings for 2019 was based on the targeted earnings level of R1 billion in 2022 as Adcorp has not published budgeted earnings for 2019.
18-May-2018
(C)
Revenue for the year from continuing operations lowered to R15.3 billion (2017: R15.8 billion). Gross profit was recorded at R2.2 billion (2017: R2.3 billion). Operating profit plummeted to R8 million (2017: R201.9 million). Loss attributable to owners of the parent from continuing operations widened to R423 million (2017: loss of R45.3 million). Furthermore, headline loss per share from continuing operations was 86.4 cents per share (2017: earnings of 79.8 cents per share).



Final dividend

No dividend was declared or paid in the current financial year.



09-May-2018
(Official Notice)
05-Feb-2018
(Official Notice)
Shareholders are advised that Mr Tebogo Paul Moeketsi has been appointed as a non-executive director of Adcorp with effect from 5 February 2018. Mr Moeketsi will replace Mr Sithole as a member and Chairman of Adcorp?s Investment Committee also with effect from 5 February 2018.



Mr Moeketsi represents Value Capital Partners (Pty) Ltd (?VCP?), with funds managed by VCP being a shareholder in Adcorp.
30-Nov-2017
(Official Notice)
Adcorp refers to the notice of meeting released on SENS on 9 November 2017, the meeting of which was held on Thursday, 30 November 2017 at the offices of Adcorp Holdings Ltd., Adcorp Office Park @ Nicolway Bryanston, Cnr William Nicol Drive - Wedgewood Link, Bryanston, 2021 (the "Noteholders Meeting") at which the Extraordinary Resolution was considered.



Pursuant to Condition 17.2 of the Terms and Conditions of the Series Notes, the Series Noteholders approve the amendment to the Final Redemption Date of the Series Notes from 4 December 2018 to 4 December 2017.



In accordance with the votes passed, noteholders are herewith advised of an early full capital redemption of the ADCB05 notes.



The supplements to the pricing supplements will be uploaded on the following link in due course: www.adcorpgroup.com/Pages/InvestorRelations/CorporateBondProgramme.aspx

30-Nov-2017
(Official Notice)
Adcorp refers to the notice of meeting released on SENS on 9 November 2017, the meeting of which was held on Friday, 30 November 2017 at the offices of Adcorp Holdings Ltd., Adcorp Office Park @ Nicolway Bryanston, Cnr William Nicol Drive - Wedgewood Link, Bryanston, 2021 (the "Noteholders Meeting") at which the Extraordinary Resolution set was considered.



Pursuant to Condition 17.2 of the Terms and Conditions of the Series Notes, the Series Noteholders approve the amendment to the Final Redemption Date of the Series Notes from 8 March 2018 to 8 December 2017.



In accordance with the votes passed, noteholders are herewith advised of an early full capital redemption of the ADCB01 notes.



The supplements to the pricing supplements will be uploaded on the following link in due course: www.adcorpgroup.com/Pages/InvestorRelations/CorporateBondProgramme.aspx



09-Nov-2017
(Official Notice)
Adcorp refers shareholders to the announcement released on the Johannesburg Stock Exchange News Service ( ? SENS ? ) by the Company on 8 November 2017 regarding the notice of a meeting of noteholders of notes issued by Adcorp under its R2 000 000 000 domestic medium term note programme.



Shareholders are advised to consider the content thereof.



08-Nov-2017
(Official Notice)
08-Nov-2017
(Official Notice)
Pursuant to Condition 20 of the Terms and Conditions of the Notes of Series 19 (the "Series Notes"), the Issuer hereby gives notice that a meeting of the holders of all the outstanding Notes of Series 19 held under Stock Code ADCB05 issued by the Issuer under its R2 000 000 000 domestic medium term note programme (?DMTN?) (the "Series Noteholders"), will be held on 30 November 2017 at 10h00 at the offices of Adcorp Holdings Ltd., Adcorp Office Park @ Nicolway Bryanston, Cnr William Nicol Drive - Wedgewood Link, Bryanston, 2021 (the "Noteholders Meeting") at which the Extraordinary Resolution set out below will be considered and, if deemed fit, passed with or without modification.



The date at which holders of debt securities should be recorded in the register to receive the notice of meeting is Thursday, 9 November 2017.



Whereas

In terms of Condition 20.5.1 of the Terms and Conditions of the Series Notes, written notice of a meeting of the Series Noteholders is to be given to the Series Noteholders at least 21 days prior to the meeting unless the Series Noteholders holding at least 90% of the aggregate Outstanding Principal Amount of the Series Notes agree in writing to a shorter notice period. The meeting convened in terms of this notice has been convened with the required notice of at least 21 days.



And furhter whereas

The Issuer wishes to redeem the Series Notes early and thus amend the Final Redemption Date of the Series Notes.



The Issuer therefore requests the Series Noteholders to approve, by Extraordinary Resolution, the resolution set out below.



An Extraordinary Resolution of the Series Noteholders means a resolution passed at a properly constituted meeting of the Series Noteholders, by a majority consisting of not less than 66,67% of the votes cast at a poll by members of the Series Noteholders, present in person or by proxy.



Proxies

In terms of Condition 20.11 a Series Noteholder entitled to attend and vote at a meeting of the Series Noteholders is entitled to appoint a proxy to act on his behalf in connection with such meeting.



A person appointed to act as proxy need not be a Series Noteholder.



A form of proxy ("proxy form") has been attached to the notice of meeting request for those of the Series Noteholders who wish to be represented by proxy at the meeting.

30-Oct-2017
(Official Notice)
Noteholders are referred to the announcement which has been released today 30 October 2017, on the Johannesburg Stock Exchange News Service (?SENS?) under the Issuer?s equity code, which sets out the interim results (?the Interims?) of the Issuer for the period ended 31 August 2017.



The Interims are available for inspection at the Issuer?s registered office and have also been made available on Adcorp?s website at http://www.adcorpgroup.com.



Noteholders are specifically referred to and advised to consider the section titled ?refinancing and covenants? set out in the aforementioned announcement.



Note holders are advised that due to operations in the rest of Africa being scaled back and the business unit being accounted for as a discontinued operation, details of which are set out in the announcement, the Issuer was required to restate the comparative numbers for the period ended 31 August 2016 as required by IFRS 5: Non-current Assets Held for Sale and Discontinued Operations.
30-Oct-2017
(C)
Revenue from continuing operations lowered to R7.8 billion (R7.9 billion) whilst gross profit decreased to R1.1 billion (R1.2 billion). Operating profit took a knock to R27.6 million (R191.0 million). Loss attributable to owners from continuing operations came in at R53.5 million (profit of R135.0 million). In addition, headline loss per share from continuing operations was 28.2cps (earnings of 123.7cps).



Interim dividend

No interim dividend is declared.



Company outlook and prospects

The strong performance in Professional Services and Financial Services is expected to continue for the remainder of the financial year, and both Industrial Services and Support Services are expecting stronger performance in the second half of the financial year.



There has been a tremendous amount of change in the Group in the first half of the year. We enter the second half of the year with confidence that the early work performed by our new executive team provides a platform for improved performance and growth.
23-Oct-2017
(Official Notice)
Adcorp wished to refer noteholders to the announcements released on the Johannesburg Stock Exchange News Service (?SENS?) by the Issuer on 23 October 2017 regarding the trading statement and operational update for the half year ended 31 August 2017.



Furthermore, noteholders are referred to the content within the announcement headed ?Cash and Debt Position? and are advised to consider the content thereof.
23-Oct-2017
(Official Notice)
16-Oct-2017
(Official Notice)
Shareholders are advised that Mr Ngange Nongogo has resigned as a non-executive director of Adcorp with effect from 13 October 2017. Mr Nongogo represented Value Capital Partners (Pty) Ltd (?VCP?), with VCP through its fund being a shareholder in Adcorp. As Mr Nongogo has resigned from VCP he has also tendered his resignation as a director of Adcorp.
09-Oct-2017
(Official Notice)
Adcorp referred noteholders to the announcements released on the Johannesburg Stock Exchange News Service (?SENS?) by the Issuer on 5 September 2017 and 5 October 2017 regarding the sale of interest in Nihilent Technologies PVT Ltd.
05-Oct-2017
(Official Notice)
Shareholders are referred to the announcement published on SENS on 5 September 2017 and in the press on 6 September 2017 regarding the sale of Adcorp?s effective 34.6% equity stake in Nihilent Technologies PVT Ltd. to Dimension Data Protocol BV and are advised that all the conditions precedent have been fulfilled and that the transaction is now unconditional.
05-Sep-2017
(Official Notice)
31-Aug-2017
(Official Notice)
Adcorp advised bondholders that the annual financial statements of the subsidiary guarantors for the year ended 28 February 2017 are now available for inspection at the Issuer?s registered office.



The registered office of the Issuer is: Adcorp Office Park, Nicolway, Corner of William Nicol Drive and Wedgewood Link, Bryanston.
23-Aug-2017
(Official Notice)
Shareholders are advised that at the Annual General Meeting (?AGM?) of Adcorp shareholders held at Adcorp?s registered office, Adcorp Office Park, Nicolway East, cnr William Nicol Drive and Wedgewood Link, Bryanston, all the ordinary and special resolutions as set out in the notice of the AGM, dated 19 July 2017, contained in the Company`s 2017 Integrated Annual Report were duly passed by the requisite majority votes of shareholders.
31-Jul-2017
(Official Notice)
Shareholders are advised that the Board of Directors (?the Board?) and Mr Richard Pike have mutually agreed to separate with immediate effect, and Mr Pike has therefore resigned as the Chief Executive Officer (?CEO?) and a director of Adcorp with effect from 31 July 2017. In addition, the Board and Mr Nelis Swart have mutually agreed to separate with immediate effect, and Mr Swart has therefore resigned as the Chief Operating Officer (?COO?) of Adcorp with effect from 31 July 2017.



The Board has finalised the selection of the new CEO and his identity and start date will be communicated once he has finalised his exit arrangement with his current employer. In addition, the Board has appointed Mr Mark Jurgens, the current Global Executive for the Professional Services division within Adcorp, as the COO and an executive director of Adcorp.



Mr Jurgens will take up the role as acting CEO with effect from 1 August 2017 until the start date of the incoming CEO. In addition, the current Chief Financial Officer (?CFO?), Ms Cheryl-Jane Kujenga will be appointed as the acting COO with effect from 1 August 2017, in addition to her responsibilities as the CFO until such time as Mr Jurgens assumes the role of COO.
25-Jul-2017
(Official Notice)
Shareholders are advised that in accordance with the JSE Listings Requirements the Company?s Annual Compliance Report, in terms of section 13G(2) of the Act, is available on the Company?s website www.adcorpgroup.com .

24-Jul-2017
(Official Notice)
Adcorp advised bondholders that the annual report of the Issuer for the year ended 28 February 2017 is available for inspection at the Issuer?s registered office. The annual report of the Issuer has also been made available for inspection on the following website www.adcorpgroup.com.
24-Jul-2017
(Official Notice)
Shareholders are advised that the integrated annual report containing the audited annual financial statements for Adcorp for the year ended 28 February 2017 was posted to shareholders on 24 July 2017. There have been no changes from the audited summary consolidated and separate provisional results for the year ended 28 February 2017 released on SENS on 23 May 2017. The 2017 integrated annual report is also available on Adcorp?s website at www.adcorpgroup.com.



Adcorp?s annual financial statements were audited by the Company`s auditors, Deloitte - Touche. A copy of their unmodified audit report is available for inspection at the Company`s registered office, Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston.



The annual general meeting of shareholders of the Company will be held at Adcorp Office Park East, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston on Wednesday, 23 August 2017 at 9:00, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



The record date on which shareholders must be recorded in the register maintained by the transfer secretaries of the Company for the purposes of being entitled to attend and vote at the annual general meeting is Friday, 18 August 2017. Accordingly, the last date to trade is Tuesday, 15 August 2017.
11-Jul-2017
(Official Notice)
In compliance with the Listings Requirements of the JSE Limited, shareholders are advised that Mr MJN Njeke, Ms NS Ndhlazi and Mr TDA Ross have resigned as non-executive directors of the Company. In addition, JSE Listings Requirements and King IV recommend that only the CEO and CFO are required to be executive directors of the company. Accordingly, Mr PC Swart and Mr BE Bulunga have resigned as executive directors of the Company. Their executive management roles, however, remain unchanged. The above resignations are effective from 11 July 2017.



In addition, shareholders are advised that Ms GT Serobe (Non-Executive director) and Dr FS Mufamadi (Independent Non-Executive director) have been appointed as directors both with effect from 11 July 2017. Ms Serobe has also been appointed as Chairperson of the Board. Ms Serobe is a Founding Member and Executive Director of WIPHOLD and Chief Executive Officer of Wipcapital and serves on several Boards including Sasol Mining, Hans Merensky and Old Mutual Emerging Markets. Dr Mufamadi is a Founding member of COSATU, helped draft the National Peace Accord of 1991, represented the ANC at CODESA, was previously the Minister for Safety and Security, was twice appointed Minister for Provincial and Local Government and has also played a leading role in conflict resolution in Lesotho, the DRC and Zimbabwe.



Following the above director changes, the Board sub-committees will comprise the following directors:

Nominations Committee:

*GT Serobe (Chairperson)

*C Maswanganyi

*SN Mabaso-Koyana

*MW Spicer

*S Sithole



Remuneration Committee

*S Sithole (Chairperson)

*GT Serobe

*C Maswanganyi

*SN Mabaso-Koyana

*MW Spicer



Audit - Risk Committee

*SN Mabaso-Koyana (Chairperson)

*JA Boggenpoel

*ME Mthunzi

*FS Mufamadi

*MW Spicer



Transformation, Social and Ethics Committee

*ME Mthunzi (Chairperson)

*C Maswanganyi

*GP Dingaan

*FS Mufamadi



Investment Committee

*N Nongogo (Chairperson)

*R Pike

*CJ Kujenga

*GP Dingaan

*JA Boggenpoel

*ME Mthunzi

04-Jul-2017
(Official Notice)
With reference to the two announcements issued on SENS on 27 June 2017 and in compliance with the Listings Requirements of the JSE Limited, shareholders are advised that Mr Samuel Sithole and Mr Ngange Nongogo have been appointed as non-executive directors of Adcorp with effect from 4 July 2017. Mr Sithole is also appointed a member of Adcorp?s Remuneration and Nominations Committee and Mr Nongogo a member of the Investment Committee both with immediate effect.



Mr Sithole and Mr Nongogo represent Value Capital Partners (Pty) Ltd (?VCP?), with VCP through its Fund (as defined in the SENS announcement issued on 27 June 2017) being a shareholder in Adcorp. VCP seeks to employ the best of private equity principles in the listed space and the board welcomes the two new directors to the board and looks forward to their contribution to the group. Mr Sithole is the CEO of VCP and Mr Nongogo is an Investment Director of VCP.
29-Jun-2017
(Official Notice)
Adcorp refers noteholders to the announcement released on the Johannesburg Stock Exchange News Service (?SENS?) by the Issuer on 27 June 2017 regarding a new strategic shareholder and an update on refinancing of the Group.



In this regard, noteholders should consider the contents of the announcement released by Adcorp when trading in their securities.







27-Jun-2017
(Official Notice)
The company and the board of directors would like to advise shareholders that Value Capital Partners (Pty) Ltd through its fund ("VCP")(as referred to in the SENS announcement issued earlier today), has acquired a shareholding of 12.59% in Adcorp. VCP are an engaged shareholder investment firm, founded by its Chairman Antony Ball and its CEO Sam Sithole. The firm seeks to employ the best of private equity principles in the listed space, with the aim of deriving long term shareholder valuation extraction.



Management and the board have commenced discussions with VCP regarding the latter?s involvement with the company going forward, which could potentially result in two VCP representatives joining the Adcorp board of directors. A further announcement in this regard will be made in due course.



Strategic update

As communicated to shareholders, the company has embarked on a number of strategic initiatives to reposition the group in order to ensure its continued growth and profitability. The group also communicated that it is in the process of exploring the possible sale of certain non-core assets which will assist in refinancing its existing term debt and is also in discussions with banks regarding refinancing. Further announcements will be made as soon as there is tangible progress in this regard.



23-May-2017
(C)
Revenue for the period increased to R16.1 billion (2016: R15.6 billion). Gross profit fell to R2.4 billion (2016: R2.5 billion). Operating profit was recorded at R130.3 million (2016: R464.8 million). Loss attributable to owners of the parent came to R162 million (2016: profit of R207.7 million). Furthermore headline loss per share was recorded at 27.9 cents per share (2016: headline earnings per share of 299.6 cents per share).



Final dividend

No final dividend declared.



Company outlook and prospects

On the back of a tough year, the economic environment remains challenging particularly in the core South African market. The recent credit downgrade of South Africa?s sovereign debt will further hamper economic growth and job creation in the Group?s core market. Despite this, stability has crept back into the South African TES market following the initial uncertainty created by the new South African labour laws that also contributed a decline in earnings.



In addition, the Group is in the process of scaling back its African operations to stem losses in that part of the business and has seen an improvement in the fortunes of Australian business, Dare, which has seen a pick-up in volumes and is exploring other industrial sectors such as renewable energy. FY 2017?s financial results have also been distorted by a number of one- off costs such as foreign exchange losses, losses in the Group?s Africa operations and retrenchment costs that have adversely affected earnings and are unlikely to repeat in FY2018 which should provide a major boost to earnings.



09-May-2017
(Official Notice)
Shareholders are advised that Ms Cheryl-Jane Kujenga has been appointed as the Chief Financial Officer and an executive director of Adcorp with effect from 1 July 2017.
05-May-2017
(Official Notice)
Trading profits were largely impacted as a result of volumes lost as a consequence of recent changes to South African labour laws as well as by trading losses incurred in the Group?s African operations as a result of the cut back in oil and gas related projects due to the sustained, depressed global oil price which also impacted on one of the Group?s Australian subsidiaries, Dare. Consequently, a goodwill impairment of AUD8 million has been recognised in the current year on Dare Energy.



Further negative results were experienced on both the foreign exchange line as well as the revaluation of the Share Based Payment reserve where 2016 yielded large gains reflected in the income statement, and consequently earnings per share. The effective tax rate has increased due to losses in Africa which are unlikely to provide future tax relief and have therefore not been recognised.



Given the retreat in earnings, the Group has embarked on a number of initiatives to ensure a return to sustainable earnings growth in order to retrace the earnings path of the past and in this regard, the Group has restructured its operations resulting in a large number of job cuts which also negatively impacted the year?s earnings in respect of severance packages paid to those affected, the benefits of which will only be realised in the new financial year.



The results for the year ended 28 February 2017 are expected to be as follows:

? Normalised earnings per share of between 84 cents and 94 cents per share compared to normalised earnings per share of 365.3 cents in 2016. This equates to a decrease of between 74% and 77%

? Basic loss per share of between 145 cents and 155 cents per share compared to basic earnings per share of 192.0 cents in 2016.

? Headline loss per share of between 23 and 33 cents compared to headline earnings per share of 299.6 cents in 2016.



It is anticipated that the results for the year ended 28 February 2017 will be published on or about 23 May 2017.
24-Mar-2017
(Official Notice)
23-Feb-2017
(Official Notice)
Shareholders are advised that Mr Cecil Maswanganyi, the current alternate director to Mr Robinson Ramaite, will be appointed as a non-executive director of Adcorp, replacing Mr Ramaite, a current non-executive director, who will now be the alternate director to Mr Maswanganyi.



Mr Maswanganyi will also replace Mr Ramaite on the Transformation, Social and Ethics Committee as well as the Remuneration and Nominations Committee.



The effective date of the above changes are 1 March 2017.



31-Jan-2017
(Official Notice)
Shareholders are referred to the announcement issued on SENS on 31 October 2016 in which it was stated that the current Chief Financial Officer (?CFO?), Mr Anthony Sher, is leaving as a director and employee of Adcorp. Shareholders are advised that Mr Sher will resign as a director and employee of Adcorp with immediate effect. The process of recruiting a replacement CFO has already begun and we hope to conclude this expeditiously.



In the interim, Mr Lionel Wilson CA(SA) is appointed as the acting CFO for Adcorp.

30-Jan-2017
(Official Notice)
The Board of directors of Adcorp wishes to advise shareholders that the Company has transferred responsibility for transfer secretarial services to Trifecta Capital Investor Services (Pty) Ltd. (?Trifecta?) with effect from 31 January 2017. Trifecta will change their name to Terbium Financial Services on 6 February 2017.
16-Nov-2016
(Official Notice)
Shareholders are advised that Ms Jesmane Boggenpoel will be appointed as an independent non-executive director of the company as well as a member of the Audit and Risk Committee with effect from 1 January 2017.



Ms Boggenpoel is a CA(SA), has a Masters in Public Administration from Harvard University and has over 16 years work experience in a combination of investments, private equity and as an entrepreneur. She is currently head of business engagement Africa at the World Economic Forum and is a non-executive director at Cell C and Chairperson of their Audit and Risk Committee.
31-Oct-2016
(Official Notice)
Shareholders are advised that with effect 30 April 2017, the Group Chief Financial Officer (Group CFO), Mr Anthony Sher (Mr Sher) will leave the Company and resign as a director of the Company to pursue personal interests. Mr Sher has kindly agreed to stay on for six months with the Group in order to ensure a smooth and orderly handover to a suitable successor.



The Company shall commence a process of appointing a replacement candidate for the role of Group CFO and an announcement in this regard shall be communicated in due course.
26-Oct-2016
(Official Notice)
Adcorp advised bondholders that the interim results for the Company are available for inspection at the Company?s registered office. The interims are also available on Adcorp?s website at www.adcorp.co.za/Investor/Pages/InterimResults.aspx
20-Oct-2016
(C)
14-Oct-2016
(Official Notice)
23-Sep-2016
(Official Notice)
The Company advised that Mr Amitava Guharoy (?Amitava?), the CEO of Adcorp International, has resigned as an executive director of Adcorp with effect from 1 October 2016.
26-Aug-2016
(Official Notice)
Adcorp advised bondholders that the Annual Financial Statements of the Company and its subsidiary guarantors for the year ended 29 February 2016 are available for inspection at the Company?s registered office. The Annual Integrated Report of the Company for 2016 has been made available on the Company?s website. http://www.adcorp.co.za/Pages/InvestorRelations/Financials.aspx
26-Aug-2016
(Official Notice)
Shareholders are referred to the cautionary announcement dated 9 February 2016 and renewed on 23 March 2016, 10 May 2016, 22 June 2016 and 4 August 2016, in which shareholders were advised that the company had been engaged in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy.



Shareholders are advised that Adcorp has elected not to further pursue the negotiations, following an extensive analysis of the proposed commercial terms. As such, shareholders are no longer required to exercise caution when dealing in the company?s securities.
25-Aug-2016
(Official Notice)
Shareholders are advised that at the Annual General Meeting (?AGM?) of Adcorp shareholders held at Adcorp?s registered office, Adcorp Office Park, Nicolway, Bryanston, all the ordinary and special resolutions as set out in the notice of the AGM contained in the Company`s 2016 Integrated Annual Report, dated 15 July 2016, were duly passed by the requisite majority votes of shareholders.



The voting results with respect to the proposed resolutions, as required in terms of section 3.91 of the JSE Listings Requirements, are as follows:

*Total number of shares entitled to vote was 125 205 695, consisting of 108 382 846 ordinary shares and 16 822 849 B ordinary shares; and

*Total number of shares voted in person or by proxy was 109 673 661, representing 87.59% of the total issued share capital of the Company entitled to vote.

04-Aug-2016
(Official Notice)
Shareholders are referred to the cautionary announcements dated 9 February 2016 and renewed on 23 March 2016, 10 May 2016 and 22 June 2016, in which shareholders were advised that the company is currently engaged in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy.



Shareholders are advised that negotiations are ongoing, which, if successfully concluded, may have a material effect on the company?s securities. Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until a further announcement is made.



22-Jul-2016
(Official Notice)
Shareholders are advised that the integrated annual report containing the audited annual financial statements for Adcorp for the year ended 29 February 2016 has been posted to shareholders on 22 July 2016. There have been no changes from the audited summary consolidated and separate provisional results for the year ended 29 February 2016 released on SENS on 24 May 2016. The 2016 integrated annual report is also available on Adcorp?s website at www.adcorp.co.za/Pages/Results/Annual-Reports.aspx .



Adcorp?s annual financial statements were audited by the Company`s auditors, Deloitte - Touche. A copy of their unmodified audit report is available for inspection at the Company`s registered office, Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston.



The annual general meeting of shareholders of the Company will be held at Adcorp Office Park East, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston on Thursday, 25 August 2016 at 10:30, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



The record date on which shareholders must be recorded in the register maintained by the transfer secretaries of the Company for the purposes of being entitled to attend and vote at the annual general meeting is Friday, 19 August 2016. Accordingly the last date to trade is Tuesday, 16 August 2016.
22-Jun-2016
(Official Notice)
Shareholders are referred to the cautionary announcements dated 9 February 2016 and renewed on 23 March 2016 and 10 May 2016, in which shareholders were advised that the Company is currently engaged in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy. Shareholders are advised that negotiations are ongoing, which, if successfully concluded, may have a material effect on the Company?s securities. Shareholders are accordingly advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
24-May-2016
(C)
Revenue for the period increased to R15.6 billion (2015: R13.3 billion). Gross profit grew to R2.5 billion (2015: R2.2 billion). Operating profit was recorded at R464.8 million (2015: R455.0 million). Profit attributable to owners of the parent declined to R207.7 million (2015: R244.5 million). Furthermore headline earnings per share were 299.6 cents per share (2015: 298.5 cents per share).



Declaration of final dividend

Notice is hereby given that a final gross dividend of 75 cents per share (2015: 88 cents per share) for the year ended 29 February 2016 was declared on Tuesday, 24 May 2016 payable to shareholders.



Outlook and prospects

The global outlook for economic growth and consequently, growth in employment remains relatively muted.



Against this background, the group is well positioned strategically, has the advantage of a cost competitive and operationally efficient back office, has made good progress in terms of raising the funding necessary in order to fulfil its international expansion aspirations of being recognised as a global industry player of consequence, specifically focused on Africa, the Middle East, Asia and Australia.



Following the recent revision of South Africa?s labour laws which initially affected volumes negatively in the group?s core South African markets, market conditions have stabilised and sales volumes are recovering.



The group?s customer-centric sales approach, ability to cross-sell across its various operations, its adoption of cutting edge technology, as well as its revised delivery methods and processes have also stood the Group in good stead and should continue to contribute positively in the future.



Accordingly, whilst general market conditions are not expected to improve substantially in the foreseeable future, the group remains positive about its prospects in this environment given its relevant strategic positioning, its extended geographic reach, its efficient operating platform, its potential access to the capital necessary for international expansion and its globally relevant sales proposition.

18-May-2016
(Official Notice)
Adcorp shareholders are advised that for the year ended 29 February 2016 headline earnings per share (?HEPS?) are expected to increase by 0% to 2% compared to the corresponding year. HEPS are therefore expected to be between 298 cents and 304 cents per share compared to 298.5 cents in the corresponding year.



Earnings per share (?EPS?) are expected to decrease by 17% to 19% compared to the corresponding year. EPS are therefore expected to be between 191 cents and 196 cents per share compared to 236.5 cents in the corresponding year. The decrease in EPS is primarily due to the recognition of impairments of goodwill, loss on sale of business and an impairment of an investment held for sale.



Normalised earnings per share (?NEPS?) for the year ended 29 February 2016 are expected to increase by 4% to 6% compared to the corresponding year. NEPS is therefore expected to be between 365 cents and 372 cents per share compared to 350.7 cents in the corresponding year. The basis of calculating NEPS have been modified compared to the basis of calculation applied in the prior year whereby normalised earnings have been adjusted to include net share based payment expenses and business establishment costs.



Had the same basis been applied in calculating NEPS as was applied in the prior financial year, NEPS are expected to decrease by 16% to 18% compared to the corresponding year. As a result, NEPS are expected to be between 358 cents and 367 cents, compared to 436.8 cents in the corresponding year if applied on the same basis as the prior year.



The financial results of the company will be published on or about 24 May 2016.
10-May-2016
(Official Notice)
Shareholders are referred to the cautionary announcements dated 9 February 2016 and renewed on 23 March 2016, in which shareholders were advised that the Company is currently engaged in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy. Shareholders are advised that negotiations are ongoing, which, if successfully concluded, may have a material effect on the Company?s securities. Shareholders are accordingly advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
23-Mar-2016
(Official Notice)
Shareholders are referred to the cautionary announcement dated 9 February 2016, in which shareholders were advised that the Company is currently engaged in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy. Shareholders are advised that negotiations are ongoing, which, if successfully concluded, may have a material effect on the Company?s securities. Shareholders are accordingly advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
09-Feb-2016
(Official Notice)
09-Feb-2016
(Official Notice)
Shareholders are advised that the company is currently engaged in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy. Should these negotiations be successfully concluded, it may have a material effect on the company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities pending further announcements.



22-Jan-2016
(Official Notice)
Shareholders are advised that Ms N Sihlangu has resigned as an alternate director to Ms N Ndhlazi and Ms G Dingaan with effect from 1 February 2016.
01-Dec-2015
(Official Notice)
Adcorp has received approval from the JSE in terms of its amended ZAR2 000 000 000 Domestic Medium Term Note Programme. The amended programme memorandum is available for inspection at the registered office of Adcorp and can also be accessed on their website at http://www.adcorp.co.za/Investor/Pages/CorporateBondProgramme. aspx. The amended programme memorandum will also be available for inspection on the JSE website www.jse.co.za.
18-Nov-2015
(Official Notice)
Noteholders are advised that at a meeting of Group 1 Noteholders held at the offices of Adcorp Holdings Ltd., Adcorp Office Park at Nicolway Bryanston, Corner William Nicol Drive and Wedgewood Link, Bryanston, 2021 on 16 November 2015 at 10h00, all resolutions were passed.
30-Oct-2015
(Official Notice)
26-Oct-2015
(Official Notice)
Adcorp advised bondholders that the interim results for the Company are available for inspection at the Company?s registered office. The interims will also be available on Adcorp?s website at http://www.adcorp.co.za/Investor/Pages/InterimResults.aspx
21-Oct-2015
(Official Notice)
Shareholders are advised that Mr Amitava Guharoy, the current CEO of Adcorp International, has been appointed as an executive director of Adcorp with effect from 1 November 2015. Prior to joining Adcorp, Mr Guharoy was a partner with PwC in India and Singapore for 20 years and thereafter the CEO Investment Banking Asia Pacific (ex India) for a large Indian Investment bank.
21-Oct-2015
(C)
16-Oct-2015
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.



Adcorp shareholders are advised that for the half year ended 31 August 2015 headline earnings per share (?HEPS?) are expected to decrease by between 16% and 18% and earnings per share (?EPS?) are expected to decrease by between 41% and 44%, compared to the corresponding period. HEPS and EPS are therefore expected to be between 124 cents and 127 cents per share and between 85 cents and 89 cents per share, respectively, compared to HEPS of 150.9 cents and EPS of 151.3 cents in the corresponding period.



The decrease in HEPS and EPS is due to the negative revenue impact emanating from lower headcount volumes caused by client?s reactions to the legislative landscape. In addition EPS has been negatively impacted by a goodwill impairment and a loss on sale of business. The first full period inclusion of the contribution from Kelly and the four month inclusion of the contribution from Dare, coupled with the restructuring and cost cutting initiatives partially offset this negative impact of lower volumes. .



On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share for the half year ended 31 August 2015 are expected to decrease by between 4% and 8% compared to the corresponding period. As a result, normalised earnings per share are expected to be between 176 cents and 184 cents, compared to 191.7 cents in the corresponding period.



The financial results on which this trading statement have been based have not been reviewed nor reported on by the Company's auditors. The financial results of the Company will be published on 21 October 2015.
08-Oct-2015
(Official Notice)
Noteholders are advised that pursuant to a roadshow conducted by Adcorp to fixed income investors, Adcorp confirmed compliance with the financial covenants contained in the Terms and Conditions of the Group 1 Notes.



The ratio?s with which Adcorp is required to comply in terms of such financial covenants are based on the South African group companies only, and have not been audited or reviewed. The ratio?s for the Measurement Period ended 31 August 2015 have been determined and are detailed in the relevant SENS note
31-Aug-2015
(Official Notice)
Adcorp advised bondholders that the annual financial statements of Adcorp?s guarantors for the year ended 28 February 2015 are available for inspection at the Company?s registered office.
26-Aug-2015
(Official Notice)
Shareholders are advised that at the Annual General Meeting (?AGM?) of Adcorp shareholders held at Adcorp?s registered office Adcorp Office Park, Nicolway, Bryanston, all the ordinary and special resolutions as set out in the notice of the AGM contained in the Company`s 2015 Integrated Annual Report, dated 14 July 2015, were duly passed by the requisite majority votes of shareholders.
27-Jul-2015
(Official Notice)
Shareholders are advised that the integrated annual report containing the audited annual financial statements for Adcorp for the year ended 28 February 2015 has been posted to shareholders on 27 July 2015. There have been no changes from the reviewed condensed consolidated provisional group results for the year ended 28 February 2015 released on SENS on 26 May 2015. The 2015 integrated annual report is also available on Adcorp?s website at http://www.adcorp.co.za/Investor/Pages/AnnualReports.aspx .



Adcorp?s annual financial statements were audited by the Company's independent auditors, Deloitte - Touche. A copy of their unmodified audit report is available for inspection at the Company's registered office, Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston.



The annual general meeting of shareholders of the Company will be held at Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston on Wednesday, 26 August 2015 at 08:00, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



The record date on which shareholders must be recorded in the register maintained by the transfer secretaries of the Company for the purposes of being entitled to attend and vote at the annual general meeting is Friday, 14 August 2015. Accordingly the last date to trade is Friday, 7 August 2015.
27-Jul-2015
(Official Notice)
Adcorp wishes to advise bondholders that the integrated annual report of the Company is available for inspection at the Company?s registered office. The integrated annual report will also be available on Adcorp?s website at http://www.adcorp.co.za/Investor/Pages/AnnualReports.aspx



The availability of the guarantor financials will be announced in due course.
27-May-2015
(Official Notice)
In accordance with the Terms and Conditions of Adcorp?s R2 000 000 000.00 Domestic Medium Term Note Programme dated 6 March 2013, investors are herewith advised of the full capital redemption of the ADCP10 notes effective 29 May 2015.



Capital Redemption Amount - Amount Outstanding After Capital Redemption

* ADCP10 : R 40 000 000.00 - R 0.00
26-May-2015
(C)
20-May-2015
(Official Notice)
Further to the announcement released on SENS on 6 February 2015, Adcorp shareholders are advised that for the year ended 28 February 2015 earnings per share (?EPS?) are expected to increase by 33% to 35% and headline earnings per share (?HEPS?) are expected to increase by 57% to 59%, compared to the corresponding period. EPS and HEPS are therefore expected to be between 235 cents and 239 cents per share and between 296 cents and 300 cents per share, respectively, compared to EPS of 176.9 cents and HEPS of 188.6 cents in the corresponding period.



The increase in earnings and headline earnings is due to the first full period inclusion of the contribution from Labour Solutions Australia (Pty) Ltd. (LSA), which was acquired with effect 3 December 2013, as well as the non-repetition of the International Financial Reporting Standards (?IFRS?) accounting whereby R87 million was charged to the prior period profit and loss in respect of the IFRS 2 share based payment expense relating to the 2013 Broad Based Black Economic Empowerment transaction that was finalised, implemented and reported on with effect 27 August 2013.



On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share for the year ended 28 February 2015 are expected to be between 13% and 15% higher than those for the corresponding period. As a result, normalised earnings per share are expected to be between 434 cents and 442 cents, compared to 384.3 cents in the corresponding period.



The financial results of the company will be published on or about 26 May 2015.
08-May-2015
(Official Notice)
Shareholders are advised that Ms LM Mojela has resigned as an alternate director to Ms GP Dingaan with effect from 11 May 2015 and the Company wishes to thank Ms Mojela for her contribution to Adcorp.



Following Ms Mojela?s resignation, Ms N Sihlangu is appointed as an alternate director to both Ms NS Ndhlazi and Ms GP Dingaan, who represent Wiphold in terms of a subscription agreement with the Company. Ms Sihlangu is a Chartered Accountant and serves as an alternate director on Wiphold Equipment (Pty) Ltd and Wiphold Agriculture (Pty) Ltd as well as a trustee on the Mutual - Federal Community Trust.

07-May-2015
(Official Notice)
Shareholders are referred to the SENS announcement dated 20 April 2015 in which it was advised that the company?s wholly owned subsidiary in Australia, Adcorp Holdings Australia (Pty) Ltd. (?AHA?), entered into an agreement with Christopher Robert Hicks and C-B Hicks Nominees (Pty) Ltd. (the ?Sellers?) in terms of which AHA, acquired 100% of the issued share capital in Dare Holdings (Pty) Ltd., an Australian registered entity, subject to the conditions precedent as set out in the said SENS announcement (the ?Conditions Precedent?) (the ?Acquisition?).



The Board of Directors of Adcorp is pleased to announce that the Conditions Precedent to the Acquisition have now been fulfilled and accordingly the Acquisition is now unconditional.
05-May-2015
(Official Notice)
Adcorp announced that it has acquired an option in and has entered into a strategic partnership with Singapore based APBA Pte Ltd. Adcorp is Africa?s largest workforce management group and also has extensive operations in Australia.



Invested across a number of Asian countries including Singapore, Hong Kong, China, Taiwan and Japan, APBA offers comprehensive services in recruitment, human resource consulting, payroll outsourcing, as well as various outsourced human resource functions. In terms of the strategic partnership, Adcorp will have a financial involvement with APBA that will assist in accelerating the growth of its business in the region and also includes the possible future participation by Adcorp in the equity of that business.
20-Apr-2015
(Official Notice)
06-Feb-2015
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.



Adcorp shareholders are advised that the Group expects an improvement of at least 20% in both headline earnings per share (?HEPS?) (which equates to an increase of at least 37.7 cents) and earnings per share (?EPS?) (which equates to an increase of at least 35.4 cents) for the year ending 28 February 2015 when compared to HEPS of 188.6 cents and EPS of 176.9 cents reported in the previous year. The increase is as a consequence of a once-off International Financial Reporting Standards (IFRS) requirement of R87 million, non cash flow share based payment charge to the prior year profits arising from the 2013 BBBEE deal that was finalised, implemented and previously reported with effect from 27 August 2013.



Further guidance on the expected ranges for HEPS, EPS and normalised earnings per share for the year ending 28 February 2015 will be provided when a reasonable degree of certainty exists.



This trading statement has not been reviewed and reported on by Adcorp?s auditors.
16-Jan-2015
(Official Notice)
Adcorp?s Chief Financial Officer, Anthony Sher, will no longer assume the role of acting Company Secretary as Kevin Fihrer will be appointed as the Company Secretary of the Company with effect from 1 February 2015. Kevin, a Chartered Accountant, fulfilled the role of Company Secretary of Kelly Group Ltd. (previously a listed entity and now a subsidiary of Adcorp) from 2007 to date.
31-Oct-2014
(Official Notice)
22-Oct-2014
(C)
Revenue for the interim period jumped to R6.4 million (R5.7 million). Gross profit rose to R981.8 million (R888.4 million). Operating profit shot up to R226.0 million (R76.8 million). Profit attributable to owners multiplied to R151.3 million (R20.3 million). Furthermore, headline earnings per share grew to 150.9 cents per share (22.4 cents per share).



Declaration of interim dividend

Notice is hereby given that an interim gross dividend of 60 cents per share (60 cents per share) for the interim period ended 31 August 2014 was declared on Wednesday, 22 October 2014 payable to shareholders recorded in the share register of the Company at the close of business on the record date appearing below.



Outlook and prospects

The Group's South African operations are well prepared for the impending changes to labour legislation.



Whilst the full practical implications of these legislative changes are yet to unfold, it is unlikely that they will have any meaningful, negative impact on the Group's overall financial performance.



Consolidation in the South African industry and the tendency of employers to favour the larger, more reputable suppliers such as Adcorp, all bodes well for the Group's future prospects.



In addition, the Group continues to strengthen its presence and to seek out opportunities across Africa and the Asia Pacific region where it is growing its footprint and is developing a reputation as a player of consequence in these markets.



The potential to deliver work assignments across these various geographies is now a reality. In this regard, the Group has been successful in pursuing a number of cross border opportunities which, given its relatively recent expanded geographic reach, it is uniquely positioned to service. It is anticipated that many more of these cross border opportunities will be in the offing.



Operationally, the focus on costs and operational efficiencies is also paying off.



Given the ongoing consolidation in the South African staffing industry, certainty with regard to South African labour legislation, the Group's focus on the buoyant African and Asia Pacific staffing markets, its strong cash flow generation coupled with the cost and efficiency initiatives mentioned which are now starting to deliver, the Group is well positioned for the future.
15-Oct-2014
(Official Notice)
Adcorp shareholders are advised that for the six months ended 31 August 2014 earnings per share ("EPS") are expected to increase by 564% to 582% and headline earnings per share ("HEPS") are expected to increase by 560% to 578%, compared to the corresponding period. EPS and HEPS are therefore expected to be between 148 cents and 152 cents per share and between 148 cents and 152 cents per share, respectively, compared to EPS of 22.3 cents and HEPS 22.4 cents in the corresponding period.



The significant increase in earnings and headline earnings is due to the first full period inclusion of the contribution from Labour Solutions Australia (Pty) Ltd. (LSA), which was acquired with effect 3 December 2013, as well as the non-repetition of the International Financial Reporting Standards ("IFRS") accounting whereby R87 million was charged to the prior period profit and loss in respect of the IFRS 2 share based payment expense relating to the 2013 Broad Based Black Economic Empowerment transaction that was finalised, implemented and reported on with effect 27 August 2013.



On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share is expected to be between 8% and 10% higher than those for the 6 months ended 31 August 2013. As a result, normalised earnings per share is expected to be between 191 cents and 194 cents, compared to 176.5 cents in the corresponding period. The financial results of the company will be published on or about 22 October 2014.
01-Sep-2014
(Official Notice)
Shareholders are referred to the previous announcements relating to the proposed payment of a scrip distribution to ordinary shareholders recorded in the register of the Company at the close of business on Friday, 29 August 2014, determined by the ratio that 80 cents multiplied by 1.10 bears to the volume-weighted average price of the Company's ordinary shares on the JSE during the five-day trading period ended Thursday, 31 July 2014 or an election to receive a final cash dividend of 80 cents per ordinary share in lieu of the scrip distribution.



Subsequently, as released on SENS on Friday, 1 August 2014 and published in the press on Monday, 4 August 2014, shareholders were furthermore notified of the scrip distribution ratio of 2.61748 new Adcorp ordinary shares for every 100 shares held, which was determined in the ratio that 80 cents per share multiplied by 1.10 bears to R33.62 per share, being the 5 day volume weighted average price at the close of business on Thursday, 31 July 2014.



Shareholders are advised that Adcorp shareholders holding 24 575 578 ordinary shares elected to receive the cash dividend, which will result in a total cash dividend of R19 660 462.40 being paid out of profits. In respect of the remaining 78 009 198 ordinary shares currently in issue, 2 041 902 fully paid ordinary shares of 2.5 cents each will be issued to shareholders in terms of the scrip distribution, which will result in a capitalisation out of the share premium account of R51 047.55.



Shares certificates or dividend cheques, where applicable, will be posted by registered post to certificated shareholders at their risk on Monday, 1 September 2014. In respect of dematerialised shareholders, accounts with the CSDP or broker will also be updated with the entitlement in respect of the new ordinary shares and/or payments will be credited to their CSDP or broker accounts on Monday, 1 September 2014.
06-Aug-2014
(Official Notice)
Shareholders are advised that at the Annual General Meeting of Adcorp shareholders held at Adcorp's registered office Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston today, all the ordinary and special resolutions as set out in the notice of the Annual General Meeting contained in the Company's 2014 Integrated Annual Report were duly passed by the requisite majority votes of shareholders. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.



The scrip distribution with a cash dividend election of 80 cents per share was therefore approved and below are the final salient dates and times.



Salient dates and times

* Record date for posting : Friday, 20 June

* Circular and form of election posted to ordinary shareholders : Friday, 27 June

* Announcement on SENS of ratio based on five-day trading period ended Thursday, 31 July 2014: Friday, 1 August

* Announcement in press of ratio based on five-day trading period ended Thursday, 31 July 2014: Monday, 4 August

* Annual General Meeting : Wednesday, 6 August

* Last day to trade in order to be eligible for the scrip distribution/cash dividend: Friday, 22 August

* Ordinary shares trade ex-entitlement : Monday, 25 August

* Listing of maximum possible number of ordinary shares commences at commencement of business: Monday, 25 August

* Last day to elect a cash dividend instead of the scrip distribution by 12:00: Friday, 29 August

* Record date in respect of the scrip distribution : Friday, 29 August

* Share certificates or dividend cheques posted and CSDP/broker accounts credited/updated: Monday, 1 September

* Announcement of results of scrip distribution on SENS : Monday, 1 September

* Announcement of results of scrip distribution in the press : Tuesday, 2 September

* Listing of ordinary shares adjusted at the commencement of business on or about Wednesday, 3 September
01-Aug-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on Monday, 30 June 2014 regarding the posting of circular relating to the proposed payment of a scrip distribution to ordinary shareholders recorded in the register of the Company at the close of business on Friday, 29 August 2014, determined by the ratio that 80 cents multiplied by 1.10 bears to the volume-weighted average price of the Company's ordinary shares on the JSE during the five-day trading period ended Thursday, 31 July 2014 or an election to receive a final cash dividend of 80 cents per ordinary share in lieu of the scrip distribution.



Shareholders are advised that the volume weighted average price of ordinary shares on the JSE during the five day trading period ended on Thursday, 31 July 2014 was 3362 cents (R33.62) per share. Accordingly, the number of shares to which shareholders will be entitled will be determined as follows:

* in the ratio that 80 cents per share multiplied by 1.10 bears to R33.62 per share, being the five day volume weighted average price at the close of business on Thursday, 31 July 2014.



This equates to 2.61748 new Adcorp ordinary shares for every 100 shares held. Shareholders wishing to participate in the cash dividend of 80 cents per share in respect of all or part of their shareholding must elect to do so. Shareholders not electing to receive the cash dividend of 80 cents per share will receive scrip distribution shares.



A further announcement will be published on SENS on or about Monday, 1 September 2014 detailing the results of the scrip distribution.
01-Aug-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on Monday, 30 June 2014 regarding the posting of circular relating to the proposed payment of a scrip distribution to ordinary shareholders recorded in the register of the company at the close of business on Friday, 29 August 2014, determined by the ratio that 80 cents multiplied by 1.10 bears to the volume-weighted average price of the company's ordinary shares on the JSE Ltd. ("JSE") during the five-day trading period ended Thursday, 31 July 2014 or an election to receive a final cash dividend of 80 cents per ordinary share in lieu of the scrip distribution.



Shareholders are advised that the volume weighted average price of ordinary shares on the JSE during the 5-day trading period ended on Thursday, 31 July 2014 was 3362 cents (R33.62) per share.

Accordingly, the number of shares to which shareholders will be entitled will be determined as follows:

* in the ratio that 80 cents per share multiplied by 1.10 bears to R33.62 per share, being the 5 day volume weighted average price at the close of business on Thursday, 31 July 2014.



This equates to 3 new Adcorp ordinary shares for every 100 shares held. Shareholders wishing to participate in the cash dividend of 80 cents per share in respect of all or part of their shareholding must elect to do so. Shareholders not electing to receive the cash dividend of 80 cents per share will receive scrip distribution shares.



A further announcement will be published on SENS on or about Monday, 1 September 2014 detailing the results of the scrip distribution.
24-Jul-2014
(Official Notice)
09-Jul-2014
(Official Notice)
Adcorp wishes to advise bondholders that the 2014 integrated annual report of the company has been posted to shareholders and is available for inspection at the Company?s registered office. The 2014 integrated annual report is also be available for inspection on Adcorp's website at http://www.adcorp.co.za/Investor/Pages/AnnualReports.aspx

07-Jul-2014
(Official Notice)
Shareholders are advised that the integrated annual report containing the audited annual financial statements for the Company and the group for the year ended 28 February 2014 has been posted to shareholders on 7 July 2014. There have been no changes from the reviewed condensed consolidated provisional group results for the year ended 28 February 2014 released on SENS on 28 May 2014.



The group financial results were audited by the Company's independent auditors, Deloitte - Touche. A copy of their unmodified audit report is available for inspection at the Company's registered office, Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston. The annual general meeting of shareholders of the Company will be held at Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston on Wednesday, 6 August 2014 at 08h00, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



The record date on which shareholders must be recorded in the register maintained by the transfer secretaries of the Company for the purposes of being entitled to attend and vote at the annual general meeting is Tuesday, 29 July 2014. The last day to trade is therefore Tuesday, 22 July 2014.
30-Jun-2014
(Official Notice)
Shareholders are referred to the provisional results announcement for the year ended 28 February 2014 released on SENS on 28 May 2014, where it was advised that the directors have resolved, subject to shareholder approval at the annual general meeting to be held on or about Wednesday, 6 August 2014, to issue fully paid shares in the Company as a scrip distribution to ordinary shareholders. Fully paid ordinary shares of par value 2,5 (two and a half) cents each will be issued as a scrip distribution payable to ordinary shareholders recorded in the register of Adcorp on the record date, being Friday, 29 August 2014, determined by the ratio that 80 cents multiplied by 1,10 bears to the volume-weighted average price of the Company?s ordinary shares on the JSE Limited during the five-day trading period ending Thursday, 31 July 2014 or an election to receive a final cash dividend of 80 cents per ordinary share in lieu of the scrip distribution.



Ordinary shareholders will be entitled to elect to receive, in lieu thereof, a cash dividend of 80 cents per ordinary share in respect of all or part of their shareholdings, provided that they make their election by no later than 12:00 on Friday, 29 August 2014. If you do not wish to receive a cash dividend, no further action is required and you will receive the scrip distribution, being ordinary shares in Adcorp. Shareholders are hereby advised that the Company has posted a circular and the accompanying form of election on Friday, 27 June 2014. The circular also contains salient dates similar to those contained in the announcement dated 28 May 2014.

30-Jun-2014
(Official Notice)
Shareholders are hereby advised that Mr Campbell Bomela has resigned as Executive Director from Adcorp due to his retirement which takes effect from 30 June 2014. Mr Bomela will still act as a director of several of Adcorp's subsidiaries and consult with the company while also continuing to act as trustee on some of the company's trusts.
26-Jun-2014
(Official Notice)
As announced on SENS on Thursday, 3 April 2014, Adcorp acquired approximately 30% of the issued ordinary shares of Kelly Group Ltd. ("Kelly"), excluding the Kelly ordinary shares held by subsidiaries of Kelly ("Kelly Shares") ("Initial Acquisition").



Adcorp held a general meeting of shareholders ("Shareholders") on 18 June 2014 to obtain Shareholder approval to place 8 750 000 authorised but unissued Adcorp ordinary shares ("Adcorp Shares") under the control of directors. The purpose of this authority is to fund the Initial Acquisition and potentially any further acquisition of Kelly Shares, if necessary, by means of a vendor placement of Adcorp Shares in terms of the Listings Requirements of the JSE Ltd. Adcorp advised shareholders that in respect of a book-build for 2 250 000 new Adcorp Shares, Adcorp received indications of interest to participate, resulting in a 3.3 times over- subscription.



The details of the book-build are as follows:

* Quantity: 2 250 000 Adcorp Shares;

* Price: R32.75 per Adcorp Share, being a 5% discount to the 30 VWAP ended 18 June 2014; and

* Purpose of capital raised: To fund the Initial Acquisition which was originally funded by way of a bridge-loan.



The Adcorp Shares have been successfully placed with institutional investors and traded as a vendor placement of new issued Adcorp Shares in terms of the authority granted to directors.
18-Jun-2014
(Official Notice)
Adcorp shareholders ("Shareholders") are referred to the announcement released by Adcorp on SENS on 19 May 2014 regarding the posting of a circular ("Circular") and notice convening a general meeting ("General Meeting"). The purpose of the Circular and General Meeting was to obtain Shareholder approval to place authorised but unissued Adcorp shares under the control of Adcorp?s board of directors to fund the acquisition of up to 100% of Kelly Group Ltd.'s ("Kelly") issued ordinary shares other than those shares owned by subsidiaries of Kelly.



Outcome of the general meeting

Shareholders are advised that, at the General Meeting held on 18 June 2014 at the registered office of the Company, all of the proposed resolutions set out in the notice of General Meeting included in the Circular, dated 19 May 2014, were approved by the requisite majority of Shareholders.
28-May-2014
(Official Notice)
Shareholders are referred to the SENS announcement released earlier today, 28 May 2014.



The salient dates are as follows:

Last date to trade "cum" dividend -- Friday, 22 August 2014

Date trading commences "ex" dividend -- Monday, 25 August 2014

Record date -- Friday, 29 August 2014

Election closes at 12:00pm -- Friday, 29 August 2014

Date of payment -- Monday, 01 September 2014



Ordinary share certificates may not be dematerialised or rematerialised between Monday, 25 August 2014 and Friday, 29 August 2014, both days inclusive.
28-May-2014
(C)
19-May-2014
(Official Notice)
13-May-2014
(Official Notice)
Adcorp shareholders are advised that for the year ended 28 February 2014 earnings per share ("EPS") are expected to decrease by 18% to 22% and headline earnings per share ("HEPS") are expected to decrease by 18% to 22%, compared to the corresponding period. EPS and HEPS are therefore expected to be between 173 cents and 182 cents per share and between 185 cents and 194 cents per share, respectively.



The decrease in earnings and headline earnings is due to International Financial Reporting Standards ("IFRS") accounting whereby R87 million has been charged to the statement of comprehensive income in respect of the IFRS 2 share based payment expense relating to the 2013 Broad Based Black Economic Empowerment transaction that was finalized, previously reported to shareholders and implemented with effect 27 August 2013.



On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share are expected to be between 11% and 14% higher than those for the year ended 28 February 2013. As a result, normalised earnings per share are expected to be between 379 cents and 389 cents per share.



The financial results of the company will be published on or about 28 May 2014.
03-Apr-2014
(Official Notice)
Adcorp shareholders are advised that Adcorp has acquired approximately 29% of the issued shares of Kelly Group Ltd. ("Kelly") and has submitted an expression of interest ("EOI") to the board of directors of Kelly to acquire the balance of the issued shares.



In this regard, Adcorp shareholders are referred to the SENS announcements regarding the EOI and the acquisition of Kelly shares which were released by Kelly today, 3 April 2014.



Further announcements will be made to Adcorp shareholders as and when appropriate.
27-Feb-2014
(Official Notice)
The board announced the appointment of Mr Michael Spicer, an existing Independent Non-Executive Director of the company, as a member of the Remuneration and Nominations Committee with immediate effect.
27-Feb-2014
(Official Notice)
The board of Adcorp announced the appointment of Mr Bhabhalazi Enock Bulunga as Executive Director: Business Development and Corporate Affairs, with effect from 27 February 2014.
28-Nov-2013
(Official Notice)
Adcorp shareholders ("Shareholders") are referred to the announcement by Adcorp of the acquisition of Labour Solutions Australia (Pty) Ltd. ("Labour Solutions Australia") ("the Acquisition"), which was released on SENS on 31 October 2013 and published in the press on 1 November 2013.



Outcome of general meeting

Shareholders are advised that, at the general meeting held today, 28 November 2013, at the registered office of the company, all of the proposed resolutions set out in the notice of general meeting included in the Adcorp circular to Shareholders, dated 31 October 2013, were approved by the requisite majority of Shareholders.
31-Oct-2013
(Media Comment)
The Financial Mail wrote that Adcorp CEO Richard Pike believes that amendments to South Africa's labour laws will be implemented before the 2014 election and will benefit the company. Pike commented that the bill is unlikely to succeed in its intention to increase full-time employment and that "companies are looking at staffing and what they are seeing favours outsourcing" which is what Adcorp does. The article in The Financial Mail also suggested that given Adcorp's growth potential, the company should be trading at a P:E of 15 and not 9.5 as it was at the end of October 2013.
31-Oct-2013
(Official Notice)
17-Oct-2013
(C)
Revenue increased to R5.7 billion (R4 billion). Gross profit rose to R888.4 million (R737.5 million). Operating profit decreased to R76.8 million (R139.8 million). Net attributable profit declined to R20.3 million (R98 million). In addition, headline earnings per share fell to 22.4cps (127.1cps).



Dividend

An interim ordinary dividend of 60cps has been declared.



Outlook

The staffing industry has seen various substantial changes and evolving macro trends over the recent past. These include generally increasing tensions between employers and employees, the introduction of more restrictive and complex legislation as well as the move of large employers to more cost effectively manage the efficiency of their workforce by appointing large, sophisticated service providers with the skill, geographic reach and financial strength to provide an all-encompassing staffing solution. Given these relatively fast evolving industry developments, Adcorp has positioned itself uniquely and competitively in order to capitalise on these emerging trends.



In this regard, the Group is regarded for its innovative solutions, financial stability, access to technology, BBBEE credentials, governance and compliance standards as well as its international alliances and extended geographic reach. Adcorp is well positioned to become a Southern Hemisphere and an emerging market, independent player of consequence. Given the favourable macro environment and the Groups strong strategic response to these emerging, global industry trends, Adcorp is particularly well positioned for the future. This general forecast has not been reviewed or reported on by the Groups auditors.
07-Oct-2013
(Official Notice)
10-Oct-2013
(Official Notice)
Adcorp shareholders are advised that for the six months ended 31 August 2013 earnings per share ("EPS") are expected to decrease by 80% to 84% and headline earnings per share ("HEPS") are expected to decrease by 80% to 84%, compared to the corresponding period. EPS and HEPS are therefore expected to be between 20 cents and 25 cents per share and between 20 cents and 25 cents per share, respectively.



The decrease in earnings and headline is due to International Financial Reporting Standards ("IFRS") accounting whereby R87 million has been charged to the statement of comprehensive income in respect of the IFRS 2 share based payment expense relating to the 2013 Broad Based Black Economic Empowerment transaction that was finalised and implemented with effect 27 August 2013.



On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share are expected to be between 4% and 8% higher than those for the six months ended 31 August 2012. As a result, normalised earnings per share are expected to be between 173 cents and 180 cents.



The financial results of the company will be published on or about 17 October 2013.
02-Oct-2013
(Official Notice)
The board announce the appointment of Mr Michael Spicer, an existing independent non-executive director of the Company, as a member of the Audit and Risk committee with immediate effect.
29-Aug-2013
(Official Notice)
The board of directors advise that at the AGM of shareholders held at Adcorp's registered office Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston on 29 August 2013, all the ordinary and special resolutions as set out in the notice of the Annual General Meeting contained in the Company's Integrated Annual Report were duly passed by the requisite majority votes of shareholders. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
21-Aug-2013
(Official Notice)
The board announced the appointment of Mr Michael Spicer as an independent non-executive director of the company with effect from 21 August 2013.
23-Jul-2013
(Official Notice)
Shareholders are advised that further to Adcorp's reviewed consolidated preliminary group results for the year ended 28 February 2013 released on SENS on Wednesday, 22 May 2013 and in the press Thursday, 23 May 2013, the Integrated Annual Report was posted to shareholders on 23 July 2013 and contains no modification to the published annual results.



AGM notice

The Annual General Meeting of the shareholders of the Company, will be held at Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston on Thursday, 29 August 2013 at 08h00, to transact the business as stated in the notice of Annual General Meeting forming part of the Integrated Annual Report.
28-May-2013
(Official Notice)
Adcorp hereby advises that Premium Corporate Consulting Services Proprietary Limited has resigned as Company Secretary to Adcorp with effect from 31 May 2013. Shareholders are further advised that as of 1 June 2013, AM Sher, the company's Chief Financial Officer, shall assume the responsibilities of acting Company Secretary until a suitable replacement is found.
22-May-2013
(Official Notice)
Premium Corporate Consulting Services (Pty) Ltd. has resigned as Company Secretary with effect from 31 May 2013. As of 1 June 2013, AM Sher, the company's Chief Financial Officer, shall assume the responsibilities of acting Company Secretary until a suitable replacement is found.
22-May-2013
(C)
Revenue for the year grew to R8.6 billion (R6.4 billion) and operating profit jumped to R286.0 million (R204.3 million). Profit attributable to owners rose to R175.0 million (R134.4 million). In addition, headline earnings per share increased to 236.7 cents per share (209.1 cents per share).



Final Dividend

Notice was given that a final gross dividend of 80 cents per share for the year ended 28 February 2013 (80 cents per share) was declared.



Outlook and prospects

Against the background of a volatile labour environment, legislative uncertainty relating to labour broking as well as an uncertain global economy, the group has been able to achieve double digit profit growth. This bears testimony to its strong and considered strategic positioning. In addition, the group is better diversified across different geographies than ever before and is far less reliant on the proportion of its profit derived solely from labour broking as defined.



Given Adcorp's positioning, the various market trends that currently favour it as well as its ability to service high growth industries and developing geographical areas, the group is well positioned for the future.
20-May-2013
(Official Notice)
Adcorp shareholders are referred to the announcement by Adcorp relating to the approval of a new ten year Broad-Based Black Economic Empowerment ("BBBEE") transaction and the unwinding of the 2007 BBBEE transaction (collectively "the Proposed Transaction") which was released on SENS on 25 March 2013.



Shareholders are advised that, at the general meeting held at the registered office of the Company, all of the proposed resolutions set out in the notice of general meeting included in the Adcorp circular to Shareholders, dated 18 April 2013, were approved by the requisite majority of Shareholders. The special resolutions will be lodged with the Companies Intellectual Property Commission for filing and acceptance, where applicable.
18-Apr-2013
(Official Notice)
Adcorp shareholders ("Shareholders") were referred to the announcement released by Adcorp on SENS on 25 March 2013 and published in the press on 26 March 2013 regarding the implementation by Adcorp of a new ten year broad based black economic empowerment ("BBBEE") transaction and the unwinding of its 2007 BBBEE transaction ("Proposed Transaction").



Shareholders were advised that a circular ("Circular") containing, inter alia, details of the Proposed Transaction, a notice of general meeting of the Shareholders ("General Meeting") and a form of proxy has been posted to Shareholders today. Shareholders were advised that the Proposed Transaction is subject to the fulfilment of certain conditions precedent detailed in the Circular, and were advised to review the Circular for a summary of the key terms and conditions of the Proposed Transaction.



Notice of Shareholders Meeting

The General Meeting will be held at the Adcorp Head Office, Nicolway Bryanston, Cnr William Nicol and Wedgewood Link, Bryanston, 2021 on Monday, 20 May 2013 at 10:00 to consider and, if deemed fit, approve the resolutions necessary to implement the Proposed Transaction.



Important dates and times

*Record date to receive Circular and notice of General Meeting -- Friday, 12 April 2013

*Circular and notice of General Meeting posted to Shareholders on Thursday, 18 April 2013

*Last day to trade in Adcorp shares in order to be recorded in Adcorp's securities register to participate in and vote at the General Meeting -- Friday, 3 May 2013

*Record date to be entitled to attend, participate in and vote at the General Meeting by close of trading on Friday, 10 May 2013

*Proxy forms for the General Meeting to be received by 10:00 on Friday, 17 May 2013

*General Meeting held at 10:00 on Monday, 20 May 2013

*Results of the General Meeting released on SENS on Monday, 20 May 2013

*Results of the General Meeting published in the South African press on Tuesday, 21 May 2013
25-Mar-2013
(Official Notice)
19-Feb-2013
(Official Notice)
Adcorp shareholders ("shareholders") were referred to the announcement by Adcorp relating to the approval of Adcorp's new Memorandum of Incorporation and the authorisation to provide financial assistance in terms of Section 44 of the Companies Act 71 of 2008 ("Companies Act") which was released on SENS on 28 January 2013.



Shareholders were advised that, at the general meeting held today at the registered office of the company, all of the proposed resolutions set out in the notice of general meeting included in the Adcorp circular to Shareholders, dated 21 January 2013, were approved by the requisite majority of shareholders.



The special resolutions will be lodged with the Companies Intellectual Property Commission for filing or registration, where applicable.
11-Feb-2013
(Media Comment)
According to Business Report, Adcorp anticipates making its first bond sale to lower its funding costs as it expands abroad. Chief financial officer, Anthony Sher, said the company would auction R400 million of five year securities and R100 million of three-month commercial paper on 5 March. Global Credit Rating rated Adcorp BBB. The company will publish the bonds pricing details on 26 February.
28-Jan-2013
(Official Notice)
The circular, setting out, inter alia, the rationale for the adoption of the Company?s new Memorandum of Incorporation (MOI) and the authorisation to provide financial assistance in terms of Section 44 of the Companies Act 71 of 2008 (Companies Act) and a notice of general meeting, was posted to shareholders on Monday, 21 January 2013. The general meeting of Shareholders will be held at 08h00 on Tuesday, 19 February 2013 at the registered offices of Adcorp, Nicolway Bryanston, Cnr. William Nicol and Wedgewood Link Bryanston, 2021 for the purposes of approving the Company?s new MOI. The MOI is being amended in order to harmonise it with the Companies Act and the JSE Limited Listings Requirements.



In addition, Adcorp intends on establishing a domestic medium term note programme (DMTN Programme) for the issue of notes with a limit, for the time being, of R2 000 000 000. The initial issuance of the notes is expected to be in an amount of R500 000 000 which will be used as operating capital for general corporate purposes. The establishment of the DMTN Programme results in Adcorp providing financial assistance within the meaning of Section 44 of the Companies Act. The financial assistance consists of the provision of security by Adcorp in connection with the subscription or purchase of securities to be issued by Adcorp.



The salient dates for the general meeting, also contained in the circular, are as follows:

*Circular and notice of general meeting posted to shareholders onMonday, 21 January 2013

*Last day to trade in Adcorp securities in order to be recorded in Adcorp?s securities register to vote at the general meeting onFriday, 1 February 2013

*Record date to be entitled to attend, participate in and vote at the general meeting by close of trading onFriday, 8 February 2013

*Proxy forms for the general meeting to be received by 08h00 on Monday, 18 February 2013

*General meeting held at 08h00 on Tuesday, 19 February 2013

*Results of the general meeting released on SENS onTuesday, 19 February 2013

*Results of the general meeting published in the South African press on Wednesday, 20 February 2013
25-Jan-2013
(Official Notice)
Adcorp shareholders were referred to the announcement by Adcorp of the acquisition of Paxus Australia Pty Ltd. ("Paxus") ("the acquisition"), which was released on SENS on 12 December 2012 and published in the press on 13 December 2012. Shareholders are advised that all of the conditions precedent and regulatory approvals related to the acquisition have been fulfilled and that the acquisition is now unconditional.
16-Jan-2013
(Official Notice)
Adcorp shareholders ("Shareholders") were referred to the announcement by Adcorp for the acquisition of Paxus Australia (Pty) Ltd. ("Paxus") ("the Acquisition"), which was released on SENS on 12 December 2012 and published in the press on 13 December 2012.



Outcome of the general meeting

Shareholders were advised that, at the general meeting held today, 16 January 2013, at the registered office of the company, all of the proposed resolutions set out in the notice of general meeting included in the Adcorp circular to Shareholders, dated 13 December 2012, were approved by the requisite majority of Shareholders.



The acquisition remains subject to conditions precedent and once all the conditions precedent to the acquisition have been fulfilled a further announcement will be made.
12-Dec-2012
(Official Notice)
17-Oct-2012
(C)
Revenue increased to R4 billion (R2.8 billion). Gross profit rose to R737.5 million (R555.1 million). Operating profit improved to R139.8 million (R93.2 million). Net attributable profit increased to R98 million (R69.1 million). In addition, headline earnings per share grew to 127.1cps (112.3cps).



Dividend

An interim ordinary dividend of 60cps has been declared.



Outlook

With finality imminent with regard to the proposed legislation relating to the provision of temporary employment services, this should do much to provide certainty, stabilise the industry and provide clients and investors with greater confidence. It is likely, however, that trade unions will persist in pressurising clients at shop floor level.



The impending, tightened labour legislation, the move to centralised procurement, greater adoption of technology by clients, wider utilisation of MSP solutions, generally enhanced sophistication in the industry as well as tightened economic conditions have resulted in a marked reduction in the number of providers in the industry over the past three years, thus favouring the larger players such as Adcorp. It is likely that this trend will continue.



The rest of the African continent and, in particular, the buoyant oil, coal, mining, exploration and gas sectors hold strong potential for the group. Also, the formal alliance with Randstad provides the Group with an important and extensive global reach. Strategically, the group continues to focus on managing its costs, driving economies of scale, delivering value for its clients and increasing the level of sophistication and technological advancement it applies in its day to day operations. In addition, the group has a strong and robust balance sheet. As such, the group is well positioned for the future.
17-Sep-2012
(Official Notice)
The board of directors announced the appointment of Ms Sindisiwe Mabaso-Koyana as an independent non-executive director, and member of the audit and risk committee with effect from Friday 14 September 2012. The board further announced that Mr Cecil Maswanganyi (MBA) has been appointed as an alternate director to Mr Robinson Ramaite with effect from 11 July 2012.
09-Jul-2012
(Official Notice)
The board of directors advise that at the annual general meeting of shareholders held at Adcorp's registered offices today, all the ordinary and special resolutions as set out in the notice of the annual general meeting contained in the company's integrated annual report 29 February 2012, other than the ordinary resolution number eight relating to 10% of unissued shares to be placed under the control of the directors, were duly passed by the requisite majority votes of shareholders.
30-May-2012
(Official Notice)
Shareholders are advised that further to Adcorp's audited group financial statements for the year ended 29 February 2012 released on SENS on Tuesday 22 May 2012 (published annual results), the integrated annual report was posted to shareholders and contain no modification to the published annual results.



Annual general meeting

The annual general meeting of the shareholders of the company, will be held at Adcorp, Block A, 28 on Sloane Street, Sloane Street, Bryanston, Johannesburg on Monday 9 July 2012 at 08h00, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.
22-May-2012
(C)
Revenue for the year ended 29 February 2012 increased to R6.4 billion (2011: R5.4 billion). Gross profit rose to R1.2 billion (2011: R1.1 billion), operating profit climbed to R204.3 million (2011: R157.7 million), while profit attributable to owners of the parent jumped to R134.4 million (2011: R115.7 million). Furthermore, headline earnings per share grew to 209.1cps (2011: 195.7cps).



Dividend

The group has declared a final dividend of 80cps (2011: 121cps). When considered with the interim dividend declared of 57cps (2011: 54cps), the total dividends for the year under review totalled 137cps (2011: 175cps).



Outlook and prospects

Given the potential opportunities arising from the changing face of the South African labour market, proposed impending changes to labour legislation, the group's strong and continued commitment to Black Economic Empowerment, technological advances in the industry as well as our unique market positioning, the Adcorp group is well positioned for the future.
14-May-2012
(Official Notice)
Shareholders are referred to the announcement released on SENS on 7 March 2012 informing shareholders that Ms Amanda Alback resigned as an independent non- executive director ("independent director") and member of the Audit and Risk Committee ("committee") on Tuesday 6 March 2012, following her permanent appointment at Tongaat Hulett Starch. In terms of section 94 (2) of the Companies Act 71 of 2008 as amended ("the Act") the company is required to have at least three independent members comprise the committee. Further, in terms of section 94 (6) of the Act, the board is required to appoint a person to fill a vacancy within 40 business days after the vacancy arises. Due to the extensive process required to nominate a director who has the skills and experience to form part of the committee as required in terms of the Act, the Remuneration and Nominations Committee have not yet finalised the appointment of a Committee member.



As Ms Alback possesses both extensive knowledge and experience as a board member and Committee member since her appointment on 14 April 2009, she has agreed to be re-appointed to review and approve the integrated annual report and the financial results for the year ended 29 February 2012. As a result, in compliance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that Ms Alback has been re-appointed as an independent director with effect from Monday,14 May 2012 and will then resign as an independent director from the board with effect from Wednesday, 23 May 2012.
07-Mar-2012
(Official Notice)
Shareholders are advised that Ms Amanda Alback has resigned as independent non-executive director from the board of directors of Adcorp with effect from Tuesday, 6 March 2012, subsequent to her recent permanent role at Tongaat Hulett Starch.
22-Feb-2012
(Official Notice)
Shareholders are referred to the announcement released on SENS on 19 September 2011 stating that Adcorp's chief financial officer, Anthony Sher, had assumed the responsibilities as acting company secretary following the resignation of Ms Duduzile Mthimunye as company secretary on 30 September 2011. Adcorp shareholders are now advised that Anthony Sher will no longer be the acting company secretary as Premium Corporate Consulting Services Proprietary Ltd. has been appointed as Adcorp's company secretary with immediate effect.
16-Nov-2011
(Official Notice)
04-Nov-2011
(Official Notice)
Further to the announcements released on SENS on 1 November 2011 by Adcorp and Paracon regarding their respective results of general meeting, and results of scheme meeting, Adcorp and Paracon are pleased to announce that the Competition Commission has unconditionally approved Adcorp's acquisition of the entire issued ordinary share capital of Paracon, excluding those shares held by subsidiaries of Paracon (the "Proposed Transaction"). Shareholders are referred to the respective Adcorp and Paracon circulars posted to shareholders dated 30 September 2011 ("Circulars") for full details of the Proposed Transaction. The only remaining outstanding conditions precedent to the Proposed Transaction are the receipt of a compliance certificate in respect of the Proposed Transaction from the Takeover Regulation Panel, which is expected to be received on or about 15 November 2011 and the non- occurrence of the material adverse events described in the Circulars in respect of Adcorp and/or Paracon prior to the Takeover Regulation Panel issuing the compliance certificate. A further announcement will be made once the conditions precedent have been fulfilled.

01-Nov-2011
(Official Notice)
Adcorp shareholders were referred to the joint announcement by Adcorp and Paracon Holdings Ltd ("Paracon") of a firm intention by Adcorp to make an offer to acquire the entire issued share capital of Paracon, excluding those shares held by subsidiaries of Paracon ("Proposed transaction"), which was released on SENS on 6 September 2011 and published in the press on 7 September 2011.



Outcome of the general meeting

Shareholders were advised that, at the general meeting held at the registered office of the company, all of the proposed resolutions included in the notice of the general meeting included in the Adcorp circular to shareholders, dated 30 September 2011, were approved by the requisite majority of shareholders. The proposed transaction remains subject to conditions precedent and once all the conditions precedent to the proposed transaction have been fulfilled a further announcement will be made.
12-Oct-2011
(C)
Revenue increased to R2.8 billion (R2.6 billion) and gross profit rose to R555.1 million (R534.9 million). Operating profit increased to R93.2 million (R76.1 million). Net attributable profit increased to R69.1 million (R56 million). In addition, headline earnings per share grew to 112.3cps (94.9cps).



Dividend

An interim ordinary dividend of 57cps has been declared.



Outlook

Whilst overall employment trends in the South African economy are generally weak, the Adcorp Group is well placed due to its unique position in the market. The greater introduction of sophistication, adoption of technology and centralisation of the procurement of staffing services by clients, all favour Adcorp because of this positioning. Should the acquisition of Paracon succeed, this will strengthen the Group?s positioning even further. The national imperative to rapidly address the acute backlog in skills development should also favour the Group?s training operations. Strategically, the Group is focused on managing its costs, driving economies of scale, delivering value for its clients and increasing the level of sophistication and technological advancement it applies in its day to day operations. In addition, the Group has a strong and robust balance sheet. As such, the Group is well positioned for the future
05-Oct-2011
(Official Notice)
Adcorp shareholders were advised that for the six months ended 31 August 2011 earnings per share and headline earnings per share are expected to increase by 15% to 19%. Earnings per share and headline earnings per share are therefore expected to be between 109 cents and 113 cents per share.



On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share is expected to be between 4% and 8% higher than those for the six months ended 31 August 2010. As a result, normalised earnings per share is expected to be between 152 cents and 160 cents per share. The financial results of the company will be published on or about 12 October 2011.
03-Oct-2011
(Official Notice)
19-Sep-2011
(Official Notice)
Adcorp shareholders were advised that Adcorp's company secretary, Ms Duduzile Mthimunye, has resigned with effect from 30 September 2011. Adcorp's CFO, Anthony Sher, will assume the responsibilities as acting company secretary until a suitable replacement has been found.
06-Sep-2011
(Official Notice)
24-Aug-2011
(Media Comment)
Business Day reported that human capital management group Adcorp, said it had paid R10 million to buy Prior Learning Centre, a multipurpose assessment facility that focuses on the recognition of prior learning through its subsidiary Production Management Institute. Tim Smeeton, CE of institute, said the acquisition would enhance its suite of training offerings by bringing in official recognition of the prior learning process "in-house".
18-Aug-2011
(Official Notice)
Further to the cautionary announcement dated 06 July 2011, shareholders are advised that negotiations 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 company's securities until a full announcement is made. Bryanston
17-Aug-2011
(Official Notice)
Nontobeko Sanelisiwe Ndhlazi has been appointed as a non-executive director of Adcorp with effect from 16 August 2011.
22-Jul-2011
(Media Comment)
Finweek found it interesting that Adcorp and Paracon Holdings Ltd ("Paracon") issued cautionary statements on the same day, 6 July 2011. Analysts have not ruled out the possibility that the two companies might be talking to each other about a possible deal. Both Adcorp and Paracon operate in an industry fighting for survival, so a merger between the two companies would make sense. If a deal were done Adcorp would be the senior partner as it is the larger of the two firms.
06-Jul-2011
(Official Notice)
Shareholders are advised that Adcorp 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 full announcement is made.
04-Jul-2011
(Official Notice)
Adcorp announced the appointment of Ms Duduzile Mthimunye as company secretary, effective 1 July 2011 to replace Ms Lynette Sudbury who has retired with effect from 1 July 2011.
24-Jun-2011
(Official Notice)
The annual general meeting of Adcorp shareholders was held on Friday, 24 June 2011. All the special and ordinary resolutions as set out in the notice of the annual general meeting to shareholders, dated 25 May 2011, other than the ordinary resolution number 5 relating to re-election of Tryphosa Ramano which was withdrawn, were approved by the requisite majority of shareholders.
20-Jun-2011
(Official Notice)
Ms Mmakeaya Magoro Tryphosa Ramano, a non-executive director of Adcorp, has resigned with immediate effect.
27-May-2011
(Official Notice)
The Integrated Annual Report containing audited annual financial statements for the company for the year ended 28 February 2011 was posted to shareholders on 26 May 2011. There has been no change from the audited results for the year ended 28 February 2011 released on SENS on 25 May 2011 and the Integrated Annual Report. The annual financial statements were audited by the company's auditors, Deloitte - Touche and their report is available for inspection at the company's registered office. The Integrated Annual Report contains a notice of annual general meeting for the company, which will be held at Block A, 28 on Sloane Street, Sloane Street, Bryanston, Johannesburg on 24 June 2011 at 09:00am.

25-May-2011
(C)
Revenue increased from R5 050 million to R5 384 million in 2011.Gross profit increased to R1 119 million (2010: R1 097 million) and operating profit decreased to R157.7 million (2010: R166.5 million). Profit attributable to ordinary shareholders increased to R115.7 million (2010: R104.3 million). Headline earnings per share decreased marginally to 195.7cps (2010: 195.9cps).



Dividend

A final dividend of 121cps was declared for the period under review.



Prospects

Whilst, on the face of it, the labour market in which we primarily operate appears to be relatively stagnant due to an inability of the economy to create jobs on any meaningful scale, coupled with the regulatory challenges faced by the temporary employment services industry, these factors both contribute to providing the Adcorp Group with major opportunities. There are undoubtedly certain good pockets of opportunity which the group is able to take advantage of with regard to the placement of scarce skills, the training of such skills, the opportunity to present alternative innovative value propositions to clients and the opportunities provided by the labour broking debate to engage clients at a strategic level as opposed to merely at a transactional level.

The greater the level of legislative complexity and regulation, the more it favours a group such as Adcorp which has the sophistication, reputation, know- how and financial capability to deal with such complexity. These opportunities coupled with the adoption of technology as an enabler in the staffing space whereby, the Adcorp Group leads the way in this regard, all contribute to a high level of optimism with regard to the future prospects of the group. Strategically, the group is focused on managing its costs, driving economies of scale, delivering value for its clients, seeking out beneficial acquisitions and increasing the level of sophistication and technological advancement it applies in its day to day operations. In addition, the group has a strong and robust balance sheet. As such, the group is particularly well positioned for the future.
10-May-2011
(Official Notice)
Adcorp shareholders are advised that for the year ended 28 February 2011 earnings per share and headline earnings per share are expected to decrease by between 0.1% and 1%. Earnings per share is therefore expected to be between 191.5 cents and 193.5 cents and headline earnings per share is therefore expected to be between 193.9 cents and 195.9 cents The results have been impacted by the non cash flow amortization of intangibles arising on acquisitions made during 2008 and 2009. On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share is expected to be between 7% and 9% lower than those for the 12 months ended 28 February 2010. As a result, normalised earnings per share is expected to be between 286.9 cents and 293.2 cents. The financial results of the company will be published on or about 25 May 2011.

13 Oct 2010 14:24:01
(C)
Revenue increased to R2.6 billion (R2.4 billion) and gross profit rose slightly to R534.9 million (R533.2 million). Operating profit declined to R76.1 million (R86.4 million). However, net attributable profit increased to R56 million (R49.2 million). In addition, headline earnings on a per share basis grew to 94.9cps (91.2cps).



Dividend

An interim ordinary dividend of 54cps has been declared.



Outlook

Employment trends have tended to lag the slow recovery in the South African economy. There are, however, some encouraging signs that employment is starting to pick up, albeit in a relatively modest fashion. Strategically, the group is focused on managing its costs, driving economies of scale, delivering value for its clients and increasing the level of sophistication and technological advancement it applies in its day to day operations. In addition, the group has a strong and robust balance sheet. As such, the group is well positioned to take advantage of a future upswing in employment trends.
28 Sep 2010 15:46:48
(Official Notice)
Although within the parameter above, Adcorp shareholders were advised that for the six months ended 31 August 2010 earnings per share and headline earnings per share are expected to increase by between 2% to 6%. Earnings per share and headline earnings per share are therefore expected to be between 93 cents and 97 cents. The financial results of the company will be published on or about 13 October 2010.
18 Aug 2010 15:05:53
(Official Notice)
Shareholders were advised that Gugulethu Patricia Dingaan has been appointed as a non executive director of Adcorp with immediate effect. In addition Louisa Mojela, a current non executive director of Adcorp will now take the role of alternate director to Tryphosa Ramano and Gugulethu Dingaan with immediate effect.
16 Aug 2010 13:12:28
(Official Notice)
Shareholders are referred to the results announcement released on SENS on Tuesday, 4 May 2010 and in the press on Wednesday, 5 May 2010, relating to the payment of scrip distribution to shareholders, recorded in the register of the Company at the close of business on Friday, 13 August 2010, with a cash dividend election. Subsequently, as released on SENS on 29 July 2010 and published in the press on 30 July 2010, shareholders were furthermore notified of the scrip distribution ratio of 4.64732 new ordinary shares per every 100 ordinary shares held, which was determined in the ratio that 115 cents multiplied by a factor of 1.10 bears to R27.22, being the 5 day volume weighted average price ("VWAP") at the close of business on Tuesday, 27 July 2010.

Shareholders are advised that Adcorp shareholders holding 7 933 278 ordinary shares elected to receive the cash dividend, which will result in a total cash dividend of R 9 123 269.70 being paid out of profits. In respect of the remaining 51 520 006 ordinary shares currently in issue, 2 394 271 fully paid ordinary shares of 2.5 cents each will be issued to shareholders in terms of the scrip distribution, which will result in a capitalisation out of the share premium account of R65 172 056.62. Share certificates or dividend cheques, where applicable, will be posted by registered post to certificated shareholders at their risk on Monday, 16 August 2010. In respect of dematerialised shareholders, accounts with the CSDP or broker will also be updated with the entitlement in respect of the new ordinary shares and/or payments will be credited to their CSDP or broker accounts on Monday, 16 August 2010.

05 Aug 2010 08:14:09
(Official Notice)
Shareholders are advised that Adcorp, the leading listed human capital management firm, has acquired GFETS for a cash amount of R5 million ("the transaction"). Adcorp currently administers in the region of around 5 000 registered learnerships annually and, is therefore the leading provider of learnership training in South Africa.



GFETS has a specific focus in the area of artisan and mining related training. The transaction falls below the threshold of the categorization of transactions which require disclosure in terms of the JSE Ltd Listings Requirements. Nevertheless, due to the strategic nature and long term importance of this acquisition, the directors of Adcorp deemed it appropriate to inform shareholders of the transaction.
29 Jul 2010 07:39:55
(Official Notice)
23 Jul 2010 10:19:41
(Official Notice)
The AGM of Adcorp shareholders was held on Friday, 23 July 2010. All the ordinary resolutions as set out in the notice of AGM to shareholders, dated 23 June 2010, were approved by the requisite majority of shareholders. Shareholders are therefore advised that the scrip distribution with a cash dividend election of 115 cents per share was approved. The final salient dates and times, including the ratio applicable to the scrip distribution, will be published on Sens on Thursday, 29 July 2010 and in the press on Friday, 30 July.
01 Jul 2010 12:15:59
(Official Notice)
The annual report containing audited annual financial statements for the company for the year ended 28 February 2010 has been posted to shareholders on 1 July 2010. There has been no change from the reviewed results for the year ended 28 February 2010, released on SENS on 4 May 2010 and published in the press on 5 May 2010 and the annual report. The annual report contains a notice of annual general meeting for the company, which will be held at 09h00 on Friday, 23 July 2010 at Block A, 28 on Sloane, Sloane Street, Bryanston, Johannesburg.
10 Jun 2010 12:13:18
(Official Notice)
Mr Mfundiso Johnson Ntabankulu ("JJ") Njeke has been appointed as chairman and non-executive director of Adcorp with effect from 10 June 2010.
04 May 2010 14:50:12
(Official Notice)
28 Apr 2010 16:48:35
(Official Notice)
Adcorp shareholders are advised that for the twelve months ended 28 February 2010 earnings per share and headline earnings per share are expected to decrease by between 28% to 32% and 26% and 30% respectively. Earnings per share are therefore expected to be between 186 cents and 196 cents and headline earnings per share between 190 cents and 201 cents.



The results have been impacted by the non cash flow amortization of intangibles arising on acquisitions made during 2008 and 2009. On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, normalised earnings per share is expected to be between 18% and 20% lower than those for the 12 months ended 28 February 2009. As a result, normalised earnings per share are expected to be between 312 cents and 320 cents.



The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The financial results of the company will be published on or about 4 May 2010.

26 Feb 2010 13:40:57
(Official Notice)
Shareholders are advised that Ms Gugu Duda, an alternate director of Adcorp, has resigned with immediate effect.
18 Feb 2010 11:18:30
(Official Notice)
The general meeting of Adcorp shareholders was held on Thursday, 18 February 2010. The ordinary resolutions relating to the general authority to issue shares for cash, as set out in the notice of general meeting to shareholders dated 27 January 2010, were approved by the requisite majority of shareholders. Shareholders are advised that, in terms of a general authority to issue shares for cash granted to the directors Adcorp has raised R112.5 million in terms of that general authority. Adcorp will accordingly issue 5 000 000 ordinary shares at 2 250 cents per share at an average discount of 8% to the weighted average traded price of the securities over the 30 business days prior to 15 January 2010, the date the issue was agreed between Adcorp and the parties who are subscribing for the shares, and who are public shareholders as defined in terms of the JSE Listings Requirements ("the cash issue"). This represents 9% of the entire issued shares of Adcorp.
27 Jan 2010 15:34:19
(Official Notice)
Mncane Mthunzi has been appointed as a non-executive independent director of Adcorp with effect from 25 January 2010.
04 Dec 2009 17:21:36
(Official Notice)
Shareholders are advised that Faunce Doreen Burd has been removed as a director of the company with immediate effect pursuant to an arbitration order granted on 6 November 2009 and given that she has been removed from an office of trust due to misconduct as contemplated in terms of section 218(1) (d) (ii) of the company's Act, No 61 of 1973, as amended. Accordingly, Ms Burd is disqualified from acting as a director of the company. In terms of Article 47.1 of the company's articles of association, such disqualification requires that Ms Burd immediately cease to hold office as a director of the company.
03 Dec 2009 11:55:41
(Official Notice)
Shareholders are advised that Anthony Mark Sher has been appointed as Chief Financial Officer and financial director of Adcorp with effect from 2 December 2009.
09 Nov 2009 13:16:45
(Official Notice)
Shareholders are referred to the announcement released on SENS on 29 October 2009 where they were advised that the parties to a recent dispute regarding the suspension of the group Chief Financial Officer ("CFO"), Faunce Burd, as well as certain other senior employees have agreed to refer this matter for private arbitration before a senior advocate. Shareholders are hereby advised that Adcorp has been cleared in arbitration, on Friday 6 November 2009, by a senior advocate in the dispute regarding the suspension of the group CFO, along with five other employees. The arbitrator advocate Roland Sutherland SC, has found in favour of the company in respect of all issues dealt with in terms of the arbitration agreement and has ruled that all six employees be summarily dismissed. Whilst Faunce Burd has been summarily dismissed as an employee of Adcorp in terms of the arbitration ruling, she has yet to be formally dismissed as a director of the company. The process to have her removed as a director will commence in due course and shareholders will be advised of this accordingly.
29 Oct 2009 14:03:58
(Official Notice)
Shareholders are hereby advised that the parties to a recent dispute regarding the suspension of the group chief financial officer, Faunce Burd, as well as certain other senior employees have agreed to refer this matter for private arbitration before a senior advocate.



Accordingly, the employee's urgent application brought against the company in the labour court has been withdrawn. In terms of the arbitration agreement, the parties have agreed not to make any further public statements concerning the merits of the dispute pending the outcome of this arbitration. The arbitration is scheduled to commence on Friday, 6 November 2009.
27 Oct 2009 09:34:47
(Media Comment)
Accusations of fraud, racism, pornography and victimization against Adcorp are threatening the firm's stability. Adcorp CE Richard Pike said in Business Report that suspended CFO Faunce Burd was "not familiar" with the claims she herself had made about a dispute between the company's finance and operations divisions. Specific allegations of fraud, racism and victimization were made against COO Melis Swart and CIO Kobus Pienaar. The two were accused of inappropriate conduct, racism and fraud. However, Pike said that Burd and Swart have a personal vendetta.
26 Oct 2009 14:04:01
(Official Notice)
Shareholders are hereby advised that following an independent investigation into certain allegations of financial irregularity that were made against certain senior staff members which were found to be vicarious and devoid of any evidence of wrong doing, the board of Adcorp has initiated a further investigation into fresh allegations of financial irregularity made by the same complainants. This investigation is to be conducted by KPMG. Initial indications are that the expectation to completion would be two weeks and that shareholders will be advised of a more accurate time frame once such is known.
23 Oct 2009 17:17:20
(Official Notice)
The CFO, Ms Faunce Burd, has been suspended pending a hearing relating to actions leading to a break down in relations with certain other directors. Richard Pike, CEO, will be the acting CFO.
14 Oct 2009 17:44:31
(Official Notice)
Mr Frederick Van Zyl Slabbert, a director of Adcorp, has retired with immediate effect.
14 Oct 2009 14:00:42
(C)
Revenue increased to R2.4 billion (R2.3 billion). Gross profit declined slightly to R533.2 million (R533.6 million) and operating profit was lower at R86.4 million (R106.1 million). Net attributable profit for the period declined to R49.2 million (R65.6 million). Headline earnings per share fell to 91.2cps (126.8cps).



Dividend

An interim ordinary dividend of 50cps has been declared.



Prospects

The relatively defensive nature of the group's portfolio with its overweight exposure to blue-collar flexible staffing is an advantage to the group, while there remain other potentially lucrative pockets of opportunity which the group will continue to explore.
06 Oct 2009 14:08:10
(Official Notice)
Adcorp shareholders are advised that for the six months ended 31 August 2009 earnings per share and headline earnings per share are expected to be between 25% to 30% below that for the six months ended 31 August 2008. Core headline earnings per share, which excludes non cash flow IFRS adjustments, is expected to be between 10% to 15% below that for the six months ended 31 August 2008. The financial results of the company will be published on or about 14 October 2009.
01 Sep 2009 11:36:59
(Official Notice)
Shareholders are advised that Timothy Ross has been appointed as a non-executive independent director of Adcorp with effect from 1 September 2009.
26 Aug 2009 11:08:25
(Official Notice)
The annual general meeting of Adcorp shareholders was held on Wednesday, 26 August 2009. All the ordinary resolutions and the special resolution were approved by the requisite majority of shareholders. The special resolution will be submitted for registration at the Registrar of Companies in due course.
06 May 2009 14:03:16
(C)
Revenue increased from R4 430 million to R4 837 million in 2009. Gross profit rose to R1 112 million (2008:R1 080 million) and operating profit increased to R226 602 million (2008:R108 805 million). Profit attributable to ordinary shareholders increased to R144 073 million (R126 968 million). Headline earnings on a per share basis grew to 271.90cps (195.60cps).



Dividends per share

A final dividend of 160 cps was declared for the period under review.



Prospects

The extent and duration of the recent, extreme turbulence in the world's major economies and its likely impact on the South African economy remains unclear. The strategy of the group during these uncertain times is to protect top line business as far as possible, realise the full potential of a number of promising internal productivity and efficiency initiatives, focus on cash generation, retain our top people talent, positively influence industry regulation and seek out quality acquisitions. Despite a troubled global and local economic outlook for the foreseeable future, certain mitigating factors should position the Group relatively well to weather the storm. The defensive nature of the group portfolio with its overweight exposure to blue collar flexible staffing, the sizeable ongoing infrastructural spend in the country which consumes these workers, the persistent skills shortage, internal productivity projects and certain potentially lucrative market opportunities should all combine to stand the Adcorp group in relatively good stead. In addition, these conditions provide a unique opportunity to build a more robust, sustainable, market leading and dominant business model positioned advantageously for an economic upswing.
23 Apr 2009 14:49:21
(Official Notice)
Due to the change in year end Adcorp previously published earnings for the fourteen months ended 29 February 2008 as well as for the two months ended 28 February 2007. The earnings for the comparative twelve month period ended 28 February 2008 have been arrived at by deducting the published two month earnings from the published 14 months earnings. This results in earnings per share of 137.4c and headline earnings per share of 166.5c for the 12 months ended February 2008. Core headline earnings per share, which excludes non-cash flow IFRS adjustments, was 334.0c per share for the 12 months ended February 2008. Adcorp is now back to a 12 month reporting cycle with the final results currently being reported for the twelve months ended 28 February 2009. Adcorp shareholders are advised that for the twelve months ended 28 February 2009 earnings per share and headline earnings per share are expected to increase by between 95% to 100% and 60% and 65% respectively. Earnings per share is therefore expected to be between 268c and 275c and headline earnings per share between 266c and 275c. The reason for the significant improvement in the 2009 earnings is that the 2008 earnings were negatively impacted by non-cash flow IFRS adjustments which were mainly share based payments emanating from the BBBEE deal concluded in May 2007. The results have been further impacted by the non-cash flow amortization of intangibles arising on acquisitions made during the 2008 and 2009 financial years. On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, core headline earnings per share is expected to be between 15% and 19% above those for the 12 months ended February 2008. As a result core earnings per share is expected to be between 384.1c and 397.5c. The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The financial results of the company will be published on or about 6 May 2009.
15 Apr 2009 13:21:57
(Official Notice)
Shareholders are advised that Amanda Alback has been appointed as an independent non-executive director of Adcorp with effect from 14 April 2009.
10 Mar 2009 15:19:11
(Official Notice)
In accordance with Section 3.59 of the JSE Ltd listings requirements, shareholders are advised that Gugu Pride Duda has been appointed alternate director of Adcorp with effect from 9 March 2009.
02 Mar 2009 17:33:02
(Official Notice)
Shareholders are advised that Mr Peter Ward, a non-executive director of Adcorp, has resigned with immediate effect.
07 Nov 2008 10:07:06
(Official Notice)
Shareholders are advised that Ms Gugu Duda, an alternate director of Adcorp, has resigned with immediate effect.
22 Oct 2008 12:49:03
(C)
Headline earnings per share at 126.8c is 230% above that for the comparative period. An interim dividend of 62cps was declared.



Outlook

From a macro-economic perspective, the recent, extreme turbulence in the world's major capital markets is likely to impact negatively on both local and global economic growth. As such, trading conditions could potentially get tougher over the next six to 12 months. However, even within this testing economic environment, there are still potentially lucrative pockets of opportunity which the group will continue to explore. The defensive nature of the group's portfolio with its overweight exposure to blue collar flexible staffing, the sizeable ongoing infrastructural spend in the country which consumes these workers, the persistent skills shortage, internal productivity projects and certain potentially lucrative market opportunities should all combine to stand the Adcorp Group in relatively good stead. As such, the positive core headline earnings growth trend of the interim period is expected to continue for the remainder of the financial year.
20 Oct 2008 07:56:01
(Official Notice)
Due to the change in year end, Adcorp's comparative reporting period was for the eight months ended 31 August 2007. Adcorp previously published results for the eight months ended 31 August 2007 as well as for the two months ended 28 February 2007. By deduction, the results for the six months ended 31 August 2007 are earnings per share of 7.9 cents and headline earnings per share of 38.4 cents. Adcorp is now back to a 12 month reporting cycle with interim results currently being reported for the six months ended 31 August 2008.



Adcorp shareholders are advised that for the six months ended 31 August 2008 both earnings per share and headline earnings per share are expected to be between 120 cents and 130 cents. It should be noted that the earnings were positively affected by non-cash flow IFRS adjustments mainly as a result of the non-recurring share based payments emanating from the BBBEE deal completed in May 2007.



In addition to the BBBEE share based payments, the results have been further impacted by the non cash flow amortization of intangibles arising on acquisitions made during 2007 and 2008. On a normalised trading position, where non-cash flow IFRS adjustments are eliminated, core headline earnings per share is expected to be between 15% and 17% above that for the six months ended 31 August 2007. The financial results of the company will be published on or about 23 October 2008.
27 Aug 2008 10:29:54
(Official Notice)
The annual general meeting of Adcorp shareholders was held on Wednesday, 27 August 2008. All the ordinary resolutions and the special resolutions as set out in the notice of annual general meeting to shareholders, dated 16 July 2008, were approved by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Registrar of Companies in due course.
01 Aug 2008 14:14:14
(Official Notice)
Shareholders are advised that the company's annual report, incorporating the audited financial statements for the fourteen months ended 29 February 2008, were posted to shareholders on 1 August 2008 and contains no changes to the audited financial results which were announced on SENS on Wednesday, 7 May 2008, and in the press on Thursday, 8 May 2008.



Notice was given that the annual general meeting of Adcorp shareholders will be held at Block A, 28 on Sloane, Sloane Street, Bryanston, Johannesburg, at 09h00 on Wednesday, 27 August 2008, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.
31 Jul 2008 07:30:10
(Official Notice)
Adcorp shareholders are referred to the announcement released on SENS on 21 April 2008, regarding the acquisition of the businesses of SUN and Dithomo and are advised that all suspensive conditions have been fulfilled, namely:

* The adoption of a resolution by the shareholders of SUN and Dithomo in terms of Section 228 of the Companies Act approving the transaction;

* Adcorp being satisfied with its due diligence investigation into the business and affairs of SUN and Dithomo;

* Approval of the acquisition by the Competition Commission; and

* Conclusion of employment agreements between Adcorp and the key employees of SUN and Dithomo, including appropriate restraint undertakings.
07 May 2008 14:05:31
(C)
Revenue from continued operations rose by more than a third to reach R4.4 million (R3.1 million). Despite this, both operating profit and profit for the period attributable to ordinary shareholders declined, to R108.8 million (R137.3 million) and R127 million (R166.4 million), respectively. In addition, headline earnings per share fell to 195.6cps (263.3cps).



Dividend

A final ordinary dividend of 160cps has been declared.



Prospects

Given the resilient nature of the flexible staffing business, the unique opportunities that exist in the permanent recruitment space and the annuity base and high quality prospects for the BPO operations, the group expects to continue to deliver positive organic earnings growth in the financial year ahead.
06 May 2008 11:04:18
(Official Notice)
In respect of the acquisition of the businesses Staff U Need (Pty) Ltd and Dithomo Labour Services (Pty) Ltd by Adcorp Staffing Solutions (Pty) Ltd, a subsidiary of Adcorp, Adcorp shares have been placed with selected institutions via a vendor placement at R30.85. Application will be made to the JSE to list the shares as soon as the acquisition has been approved by the Competition Commission. All other suspensive conditions have been fulfilled.
21 Apr 2008 07:36:35
(Official Notice)
Adcorp Staffing Solutions (Pty) Ltd, a subsidiary of Adcorp, has entered into an agreement with the current shareholders of Staff U Need (Pty) Ltd (SUN) and Dithomo Labour Services (Pty) Ltd (Dithomo) to acquire the businesses of SUN and Dithomo as going concerns for an aggregate cash consideration of R210 million. The cash consideration is split between a R200 000 000 (two hundred million Rand) purchase price payment to SUN and Dithomo and a R10 000 000 (ten million Rand) payment to key employees of SUN and Dithomo by way of retention bonuses and consideration for the acceptance of restraints.



Shareholders are referred to the cautionary announcement dated 4 April 2008 and are advised that as a result of the conclusion of the agreements between Adcorp and the shareholders to acquire the businesses of SUN and Dithomo, caution is no longer required to be exercised by shareholders when dealing in their securities.
15 Apr 2008 12:59:48
(Official Notice)
Adcorp advised that for the 14 months ended 29 February 2008 EPS are expected to be between 30% to 35% below those for the 14 months to 28 February 2007 while HEPS is expected to be between 23% to 28% below those for the corresponding period in 2006/7. The financial results of the company will be published on or about 8 May 2008.
03 Apr 2008 13:38:35
(Official Notice)
Further to the cautionary announcement dated 21 February 2008 shareholders are advised that negotiations 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 company?s securities until a full announcement is made.
10 Mar 2008 09:19:08
(Media Comment)
Business Day reported that Adcorp has formed a strategic alliance with Odgers Ray - Berndtson SA, a highly rated global executive search firm. The two companies will co-operate on an exclusive basis to improve their offering and exposure to clients.
21 Feb 2008 15:04:34
(Official Notice)
Shareholders are advised that Adcorp 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 full announcement is made.
24-Jul-2007
(Permanent)
Adcorp changed its financial year-end from December to February.
19 Jul 2006 16:36:50
(Official Notice)
Mr Siyabonga Zungu, an alternative director of Adcorp, has resigned with immediate effect.
17 Jul 2006 17:40:04
(Official Notice)
Adcorp has entered into an agreement to dispose of Graphicor (Pty) Ltd ("Graphicor") and Simeka TWS Communications (Pty) Ltd ("Simeka TWS") which companies constitute the Communications Division within Adcorp. The transaction is classified as a small related party transaction. Deloitte - Touche Corporate Finance has expressed the opinion that the transaction is fair and reasonable to shareholders of Adcorp. Graphicor and Simeka TWS have been sold to a consortium comprising Thendo Ratshitanga, Onkgopotse Tabane, Dharmaseela Naidoo and Mboneni Mulaudzi, with effect from 1 March 2006.



The consideration for the transaction is R13 million. As the consortium does not have access to cash, Adcorp has agreed to a royalty arrangement based on future turnover. The royalty will apply from the effective date until 31 December 2010 and is expected to return approximately R13 million plus interest. Should Graphicor and Simeka TWS perform above expectations, Adcorp will receive in excess of the R13 million and similarly a poor performance by these companies will result in Adcorp receiving less than R13 million.
30 Jun 2006 17:16:21
(Official Notice)
Adcorp announced that it has sold its corporate communications division to a consortium led by the senior management and staff of that division in a deal which is still subject to a "fair and reasonable" opinion but is expected to be worth around R 13 million.
06 Jun 2006 08:31:46
(Official Notice)
The annual report containing audited financial statements for the company for the year ended 31 December 2005 was dispatched to shareholders on Tuesday, 6 June 2006. There was no change from the audited results for the year ended 31 December 2005, released on SENS on 8 March 2006. The annual general meeting will be held at 09h00 on Thursday, 29 June 2006.
13 Mar 2006 16:00:45
(Official Notice)
At a board meeting of Adcorp on 8 March 2006, Lynette Sudbury was appointed company secretary with immediate effect.
08 Mar 2006 13:48:44
(C)
Headline earnings per share increased by 23.3% compared with 2004 while the increase in earnings per share was 10.6% above last year. The reason for the lower increase in earnings per share is the impairment of goodwill of R19.1 million. Of this, R14 million was precipitated by the reduced profit prospects of Graphicor, the Communications Division company which has been beset by management and staff problems. The balance is primarily due to The Production Management Institute of SA, a training company, where R4.1 million was impaired as a result of this company's slow return to accepted levels of profitability. The increase in margin of 0.6% is a pleasing upward trend and has contributed approximately R14 million additional profit in the current year. Net cash at 31 December 2005, was R18.7 million compared with an overdraft of R1.3 million at the end of 2005. Working capital requirements increased by R28.3 million over the same period last year mainly as a result of December 2005 turnover being significantly higher than that of December 2004. The full impact of this was offset by a reduction in debtors days from 36 to 33 days.



Outlook

Prospects for the group remain positive and the growth trend achieved over the past three years is expected to continue. Given the anticipated expansion of existing market opportunities together with the inherent potential in unlocking operational productivity coupled with favourable economic conditions, prospects for sustained, real growth remain good for the foreseeable future.



Final dividend

A final dividend of 105c per share has been declared.
03 Mar 2006 17:09:35
(Official Notice)
Adcorp advised that for the year ended 31 December 2005, it was expecting headline earnings per share under International Financial Reporting Standards (IFRS) to be 20% to 25% above those reported for the previous corresponding period while IFRS earnings per share were expected to be 8% to 12% above those reported for the previous corresponding period. As a result of this, there will be an improvement in IFRS headline earnings per share to between 189.9 and 197.8 cents and an improvement in IFRS earnings per share to between 152.5 and 158.2 cents.
17 Aug 2005 11:55:38
(C)
The group has reported under International Financial Reporting Standards (`IFRS`) for the first time and has restated the June 2004 and December 2004 results. Profit attributable to ordinary shareholders at R36.3m increased by 32.1% compared with the first six months of last year largely as a result of an 18.1% increase in turnover coupled with a 0.5% increase in operating profit margin. Net cash generated during the period 1 January to 30 June, 2005 amounted to R32.8m with a two day reduction in debtors days contributing positively to cash flow.



Subsequent to 30 June, 2005 Adcorp sold its premises in Melville for a net price consideration of approximately R20m in line with the group policy to rent rather than own buildings. In addition Adcorp entered into an agreement giving rise to a R21m commitment for the supply and installation of a new IT system in support of the Flexible Staffing businesses.



Interim dividend

An interim dividend of 35c per share was declared on 17 August, 2005 payable to shareholders recorded in the register of the company at the close of business on the record date appearing below.



The salient dates pertaining to the interim dividend are as follows:

*Last day to trade cum interim dividend: Friday, 30 September

*First day to trade ex interim dividend : Monday, 3 October

*Record date : Friday, 7 October

*Payment date : Monday, 10 October
02 Aug 2005 14:50:48
(Official Notice)
Adcorp advises that for the six months ending 30 June 2005, it is expecting headline earnings per share to be 20% to 30% above those reported for the previous corresponding period after allowing for IFRS restatements. As a result of this, there will be an improvement in IFRS headline earnings per share to between 81.7c and 88.5c and an improvement in IFRS earnings per share to between 81.7c and 88.5c. The financial results on which this trading statement has been based have not been reviewed or reported on by the company`s auditors. The financial results of the company will be published on about 17 August 2005.
24 Jun 2005 08:56:36
(Official Notice)
The annual report containing audited financial statements for the company for the year ended 31 December 2004 has been dispatched to shareholders on Monday, 13 June 2005. There has been no change from the audited results for the year ended 31 December 2004, released on SENS on 9 March 2005. The annual general meeting will be held at 10h00 on Wednesday, 6 July 2005.
30-Oct-2017
(X)
Adcorp is a global workforce solutions company, offering a wide range of diverse talent management solutions across a vast spectrum of industry sectors, job types and geographic regions.



A trusted partner focused on shaping the world of work. Driven by digitisation, providing simpler, faster and better outcomes and fi nding common ground between people and companies by connecting the right people at the right time for any project. Specialists in the world of matching and placing talent to create workforces and workplaces with increased effi ciency and engagement.



Combined human touch underpinned by business intelligence is used to predict the future demands of customers. Every day we take a step closer to co-designing workforces that exceed expectations and empower people and companies through meaningful relationships.





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