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01-Nov-2018
(C)
Revenue for the period increased by 28.6% to R1.5 billion (2017: R1.2 billion), gross profit rose by 7.8% to R423.8 million (2017: R393 million). Operating profit increased by 4.3% to R202.7 million (2017: R194.2 million). Profit attributable to owners of the parent was recorded at R130.1 million (2017: R139.4 million). In addition, headline earnings per share were 8.4% lower at 93.6 cents per share (2017: 102.2 cents per share).



Dividend

The group's dividend policy is to maintain a 2.75 times dividend cover. An interim gross dividend of 19 cents per share (August 2017: 20 cents) for the period was declared on 31 October 2018.



Company prospects

The group is well positioned to capitalise on its strategic initiatives, foresees continued growth from an excellent asset base, expects further expansion of its range of unique products and turnaround initiatives of selective acquisitions to deliver. Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels across all employees, remains a key focus in all operations. Afrimat expects the current business climate to continue with the group's future growth driven by thesuccessful execution of its proven strategy, recent acquisitions and a wider product offering to the market.

17-Oct-2018
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists regarding the Company?s earnings for the six months ended 31 August 2018. The directors would therefore wish to voluntarily disclose the following expected movement in financial results in terms of 3.4(b) of the JSE Listings Requirements. The Company expects earnings per share (?EPS?) and headline earnings per share (?HEPS?) to be between 92 cents and 97 cents per share (2017: EPS of 102.4 cents per share and HEPS of 102.2 cents per share), reflecting a decrease of between 5% and 11% on the previous period.



The financial information on which this trading statement is based has not been reviewed by the Company?s auditors. The Company?s financial results will be released on or about 1 November 2018.
31-Aug-2018
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This closed period commences on 1 September 2018 and terminates on or about 1 November 2018 when the company is scheduled to publish its final results.



In terms of the authority granted at the annual general meeting of shareholders held on Wednesday, 1 August 2018, a maximum of 1 million Afrimat shares may be repurchased for an aggregate consideration not exceeding R22 000 000. Any repurchase of shares must be executed at a price not higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected. The mandate has been granted to a single agent who has full discretion in executing the Share Repurchase Programme.
02-Aug-2018
(Official Notice)
Afrimat shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Wednesday, 1 August 2018, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



Following the annual general meeting, a business update was presented by Mr. Andries J van Heerden, the Chief Executive Officer. This presentation is available on the company?s website www.afrimat.co.za.
23-Jul-2018
(Official Notice)
Notice was given that the Company?s annual compliance report prepared pursuant to section 13G(2) of the Act has been published and is available on the Company?s website at www.afrimat.co.za/documents/bee/Afrimat-Limited-2018.pdf.
28-Jun-2018
(Official Notice)
24-May-2018
(C)
Revenue for the year increased by 10.3% to R2.5 billion (2017: R2.2 billion). Gross profit fell by 0.8% to R757.4 million (2017: R763.7 million), operating profit decreased by 13.8% to R350.4 million (2017: R406.6 million), while profit attributable to owners of the parent was lower at R245.7 million (2017: R277.8 million). Furthermore, headline earnings per ordinary share decreased by 8% to 180.7 cents per share (2017: 196.4 cents per share).



Dividend declaration

Notice is hereby given that a final gross dividend, No. 22 of 42 cents per share, in respect of the year ended 28 February 2018, was declared on Wednesday, 23 May 2018.



Prospects

The group is well positioned to capitalise on its strategic initiatives, foresees continued growth from an excellent asset base, expects further expansion of its range of unique products and turnaround initiatives of selective acquisitions to deliver. Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels across all employees, remains a key focus in all operations. Afrimat expects the current business climate to continue with the group's future growth driven by the successful execution of its proven strategy, recent acquisitions and a wider product offering to the market.

03-May-2018
(Official Notice)
Further to the voluntary trading statement released on the 23 February 2018, in terms of paragraph 3.4(b) of the Listings Requirements of the JSE Ltd., the board of directors of Afrimat (?the board?) hereby provides shareholders with a voluntary trading statement of the company?s results for the year ended 28 February 2018.



The company expects earnings per share (?EPS?) and headline earnings per share (?HEPS?) to be between 174 cents and 186 cents per share respectively (2017: EPS of 196.0 and HEPS of 196.4), reflecting a decrease of between 5.1% and 11.4% on the previous period.



The company?s financial results will be released on or about 24 May 2018.
28-Feb-2018
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2018 and terminates on or about 24 May 2018 when the company is scheduled to publish its final results.



The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. A maximum of 1 000 000 Afrimat shares in terms of an authority granted at the annual general meeting of shareholders held on Wednesday, 2 August 2017, may be purchased. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is affected.
23-Feb-2018
(Official Notice)
Afrimat the JSE-listed black empowered open-pit mining group that supplies industrial minerals and construction materials is publishing a voluntary business update for the year ending 28 February 2018.



At this time a reasonable degree of certainty exists, however a clear and specific percentage or range has not yet been determined. It is expected that Headline Earnings per Share could be down by a maximum of 20%.



Impacts on the results:

- Amplified by the political uncertainty of the last months of 2017, sales volume in the last quarter of the calendar year (October, November and December 2017) were slow, with the slow-down exacerbated in November and December in construction material products;

- The impact of the slow-down was felt more strongly in KwaZulu-Natal and southern Gauteng where the operations of Glen Douglas and Clinker experienced reduced volumes; and

- As a direct result of much improved commodity prices, it was decided to accelerate the ramp-up of Demaneng mine (previously called Diro mine). Expenses increased substantially in-line with the accelerated ramp-up. The mine is expected to reach its design production capacity of 1 million tonnes per annum at the end of February 2018. All processing equipment has been commissioned. A new load out facility has also been commissioned that enables Afrimat to load trains on the Sishen-Saldanha railway line.



Symbolic of the fresh start that Afrimat had brought about for the mine previously known as Diro, it was renamed to ?Afrimat Demaneng?, after one of the farms on which the mine was developed.



Further exploration has proven additional reserves of iron ore at Demaneng, increasing the proven reserves to around 12 million tonnes, up from the 5.6 million tonnes that was initially announced when the mine was acquired. The ore produced on the mine will mostly be exported to China.



Further Trading Statement

Afrimat will release a further trading statement providing specific guidance on earnings and headline earnings per share during April 2018. The forecast financial information on which this Voluntary Business Update is based has not been reviewed nor reported on by the group?s external auditors. Afrimat is due to release results for the year ending 28 February 2018 on 24 May 2018.
14-Nov-2017
(Official Notice)
The board announces the appointment of Mr Francois M Louw as a non-executive board member with effect from 14 November 2017.

08-Nov-2017
(Official Notice)
The board of Afrimat is pleased to announce that the shares of Afrimat have been approved for inclusion in the list of qualifying equity securities to be traded on A2X with effect from 9 November 2017 (the "A2X listing date"). Afrimat will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X. Afrimat shares will be available to be traded on both the JSE and A2X from the A2X listing date.



A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the Financial Services Board in terms of the Financial Markets Act 19 of 2012.

02-Nov-2017
(C)
Revenue for the period increased by 2.7% to R1.185 billion (2016: R1.153 billion), gross profit rose by 1.5% to R393 million (2016: R387.3 million). Operating profit lowered by 5.8% to R194.2 million (2016: R206.2 million). Profit attributable to owners of the parent was recorded at R139.4 million (2016: R138.6 million). In addition, headline earnings per share were 7.4% higher at 102.2 cents per share (2016: 95.2 cents per share).



Dividend declaration

Notice is hereby given that an interim gross dividend, No. 21 of 20.0 cents per share, in respect of the six months ended 31 August 2017, was declared on Wednesday, 1 November 2017.



Company prospects

The group is well positioned to capitalise on its strategic initiatives, foresees continued growth from an excellent asset base, the further expansion of its range of unique products and turnaround initiatives of selective acquisitions.



Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels across all employees, remains a key focus in all operations.



Afrimat expects the current business climate to continue with the group's future growth driven by the successful execution of its proven strategy, recent acquisitions and a wider product offering to the market.



18-Oct-2017
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists regarding the Company's earnings for the six months ended 31 August 2017. The Company would therefore like to voluntarily disclose the following expected movement in financial results in terms of 3.4(b) of the JSE Listings Requirements.



The Company expects earnings per share ('EPS') to be between 100.5 cents and 105.4 cents per share (2016: 97.6 cents per share) reflecting an increase of between 3% and 8% on the previous period.



The Company expects headline earnings per share ('HEPS') to be between 100.0 cents and 104.7 cents per share (2016: 95.2 cents per share) reflecting an increase of between 5% and 10% on the previous period.



The Company's financial results will be released on or about 2 November 2017.
04-Sep-2017
(Official Notice)
Shareholders are advised that Mr Francois du Toit has resigned as a director of the Company with effect from 31 August 2017.
31-Aug-2017
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2017 and terminates on or about 2 November 2017 when the company is scheduled to publish its final results.



The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. A maximum of 4.8 million Afrimat shares in terms of an authority granted at the annual general meeting of shareholders held on Wednesday, 2 August 2017, may be purchased. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is affected.
22-Aug-2017
(Official Notice)
Shareholders are referred to the announcement on 13 July 2017 regarding the finalisation of the agreement to purchase 60% of DIRO (?the Acquisition? or ?the Transaction?) from Diro Resources (Pty) Ltd., as well as a cession and delegation agreement with Investec Limited.



Shareholders are hereby advised that Afrimat has concluded a sale of shares and claims agreement with the minorities of DIRO to acquire the remaining 40% stake in DIRO as from 15 August 2017.



Furthermore, Diro Manganese (Pty) Ltd. has filed a notice of substantial implementation of its business rescue plan with the Companies and Intellectual Property Commission, confirming that it has exited business rescue as from 11 August 2017.



Shareholders are further advised that DIRO has concluded a final product sale agreement for its iron ore product on 16 August 2017 and will now commence with delivery.
04-Aug-2017
(Official Notice)
Afrimat shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Wednesday, 2 August 2017, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The meeting was represented by 111 017 813 Afrimat shares voting in person or by proxy. This represents 77.78% of the total issued share capital that can be exercised at the meeting.
13-Jul-2017
(Official Notice)
Shareholders are referred to the announcement on 11 October 2016 regarding an agreement to purchase 60% of DIRO (?the Acquisition? or ?the Transaction?) from Diro Resources (Pty) Ltd., as well as a cession and delegation agreement with Investec Ltd. The transaction was subject to a number of conditions precedent, including the Section 11 approval being received in writing from the Department of Mineral Resources (?DMR?). Shareholders are hereby advised that the Section 11 approval has been granted by the DMR and all the conditions precedent have been fulfilled and the transaction has now become unconditional.
28-Jun-2017
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2017, posted on 28 June 2017, are unchanged from the reviewed condensed provisional consolidated financial statements which were released on SENS on 18 May 2017. The 2017 Integrated Annual Report and Notice of Annual General Meeting (including a ?Form of proxy?) can now be viewed via the internet on Afrimat?s website www.afrimat.co.za under ?Investor relations ? Financials?.



Notice is hereby given that the annual general meeting of Afrimat Limited will be held at the Century City Conference Centre (Room 11), No. 4 Energy Lane, Century City, Cape Town on Wednesday, 2 August 2017 at 14:00. The last date to trade and record date to be entitled to attend and to vote at the annual general meeting is Tuesday, 25 July 2017 and Friday, 28 July 2017, respectively. The notice of the annual general meeting is issued with the integrated annual report.

18-May-2017
(C)
Revenue for the year increased by 13.1% to R2.228 billion (2016: R1.969 billion). Gross profit jumped by 23.1% to R763.7 million (2016: R620.2 million), operating profit rose by 26.9% to R406.6 million (2016: R320.4 million), while profit attributable to owners of the parent was higher at R277.8 million (2016: R222.1 million). Furthermore, headline earnings per ordinary share grew by 25.4% to 196.4 cents per share (2016: 156.6 cents per share).



Dividend declaration

Notice is hereby given that a final gross dividend, No. 20 of 50 cents per share, in respect of the year ended 28 February 2017, was declared on Wednesday, 17 May 2017.



Company prospects

The group is well positioned to capitalise on its strategic initiatives, foresees continued growth from an excellent asset base, the further expansion of its range of unique products and turnaround initiatives of selective acquisitions. Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels of all employees remain a key focus in all operations. Afrimat expects the current business climate to continue with the group's growth driven by the successful execution of its proven strategy, recent acquisitions and a wider product offering to the market.



25-Apr-2017
(Official Notice)
The Company expects earnings per share (?EPS?) to be between 190.6 cents and 198.4 cents per share (2016: 156.2 cents per share) reflecting an increase of between 22% and 27% on the previous period.



The Company expects headline earnings per share (?HEPS?) to be between 191.1 cents and 198.9 cents per share (2016: 156.6 cents per share) reflecting an increase of between 22% and 27% on the previous period.



The Company?s financial results will be released on or about 18 May 2017.
03-Apr-2017
(Official Notice)
Shareholders are hereby advised that the Company has received notice on Friday, 31 March 2017 from the Competition Commission that it has referred the Company through its wholly owned subsidiary, Clinker Supplies (Pty) Ltd., to the Competition Tribunal alleging abuse of dominance by charging excessive prices. The Company has been co-operating fully with the Competition Commission since the Competition Commission commenced its investigation in 2015. After taking legal advice and considering the complaint, the Company is of the opinion that there is no merit to the complaint and will therefore vigorously defend itself before the Competition Tribunal.
28-Feb-2017
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2017 and terminates on or about 18 May 2017 when the company is scheduled to publish its final results.



The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase up to a maximum of 5.0 million Afrimat shares in terms of an authority granted at the annual general meeting of shareholders held on Friday, 5 August 2016. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is affected.
01-Feb-2017
(Official Notice)
AFT 201702010014A

Changes to the Afrimat Limited Board



Afrimat Limited

(Incorporated in the Republic of South Africa)

(Registration number 2006/022534/06)

Code: AFT ISIN: ZAE 000086302

("Afrimat" or ?the Company?)



CHANGES TO THE AFRIMAT LIMITED BOARD



In compliance with Rule 3.59 of the JSE Listing Requirements, Afrimat shareholders are advised of the

following change to the board of directors of the Company (?the Board?).



The Board is pleased to announce the appointment of Mr Johannes HP van der Merwe and Mr Helmut N

Pool as non-executive and independent non-executive board members, respectively, with effect from 1

March 2017.



Mr van der Merwe will be appointed as Nominee director by means of African Rainbow Capital

Proprietary Limited?s shareholding in the Company. He stepped down as the CEO of Sanlam Investment

Management on 1 November 2015 and remained on the Sanlam Investments, Capital Markets and

Employee Benefits Boards, respectively, as non-executive director. He is a CA (SA) and is currently the

co-CEO of African Rainbow Capital Proprietary Limited.



Mr Pool studied B.Com (Law) at the University of Stellenbosch, is the Chairman of Pool Transport

Proprietary Limited and served on the Board of Directors of Cape Lime Proprietary Limited until 2016. He

also serves on the board of various private property companies and has a vast experience in logistics,

commercial property, mining and business management.



The Board would like to welcome Mr van der Merwe and Mr Pool to the Company and wish them well in

their respective positions.



Cape Town

1 February 2017

Sponsor: Bridge Capital Advisors Proprietary Limited



Date: 01/02/2017 10:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of

the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,

indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,

information disseminated through SENS.
01-Feb-2017
(Official Notice)
Afrimat shareholders are advised of the following change to the board of directors of the company (?the board?). The board is pleased to announce the appointment of Mr Johannes HP van der Merwe and Mr Helmut N Pool as non-executive and independent non-executive board members, respectively, with effect from 1 March 2017.
18-Nov-2016
(Official Notice)
Shareholders are referred to the SENS announcement published on 21 October 2016 whereby notice was given regarding the General Meeting (?GM?) to approve the resolutions as contained in the circular posted to shareholders on the same day regarding Afrimat seeking shareholder approval to approve the amended and restated Trust Deed of the Afrimat BEE Trust. All the ordinary resolutions as set out in the notice of GM, were approved by the requisite majority of shareholders present or represented by proxy.



The total number of Afrimat shares eligible to be voted at the GM was 110 308 558 and the total number of issued share capital of the same class of Afrimat shares is 143 262 412. The number of shares voted in person or by proxy was 74 338 264 representing 67.39% of the total issued share capital of the same class of Afrimat shares.





09-Nov-2016
(Official Notice)
Shareholders are referred to the announcement on 23 September 2016 regarding an offer by African Rainbow Capital (Pty) Ltd. (?ARC?) to purchase 26 300 000 shares in Afrimat, which comprises approximately 18.36% of the share capital in Afrimat, from Afrimat Empowerment Investments (Pty) Ltd. (?AEI?) (?the transaction?). The transaction was subject to various conditions precedent, including the participants of the Afrimat BEE Trust voting in favour of the offer.



Shareholders are hereby advised that the participants of the Afrimat BEE Trust have voted in favour of the offer and the various conditions precedent have been met for the transaction. The closing date for administrative matters have been finalised and the transaction is now unconditional.
04-Nov-2016
(Media Comment)
According to Business Report Afrimat believes its entry into the iron ore sector through the purchase of a 60 percent shareholding in Diro Managenese and Diro Iron Ore will provide the group with further opportunity to diversify into different foreign exchange currencies. Andries van Heerden, the chief executive of the listed open-pit mining group and industrial minerals and construction materials supplier, confirmed that the group was seeking to increase its revenue from outside South Africa from almost zero to 50 percent in the next five to seven years to reduce the country risk in South Africa.
03-Nov-2016
(C)
Revenue for the period increased by 15% to R1.153 billion (2015: R1.003 million), gross profit jumped by 21.3% to R366.3 million (2014: R302 million), operating profit climbed 29.1% to R206.2 million (2015: R159.6 million), while profit attributable to owners of the parent was higher at R138.6 million (2015: R107.5 million). Furthermore, headline earnings per ordinary share grew to 95.2 cents per share (2015: 76 cents per share).



Dividend declaration

Notice is hereby given that an interim gross dividend, number 19 of 20 cents per share, in respect of the six months ended 31 August 2016, was declared on Tuesday, 2 November 2016.



Prospects

The group is well positioned to capitalise on its strategic initiatives such as continued growth from an excellent and growing asset base, the further expansion of the range of unique products and turnaround initiatives of selective acquisitions.



Operational efficiency improvement initiatives aimed at expanding volumes, reducing costs and developing the required skill levels of all employees, remains a key focus across all operations. Afrimat expects the current business climate to continue with the group's growth driven by the successful execution of its proven strategy, recent acquisitions and a wider product offering to the market.
21-Oct-2016
(Official Notice)
Afrimat shareholders are advised that further to the ARC transaction announced on SENS on 23 September 2016, Afrimat wishes to amend the Second BEE Trust Deed so as to establish the Revised Scheme (?Transaction?). The Revised Scheme will facilitate the participation of Qualifying Employees who may otherwise not have been able to become beneficiaries under the Current Scheme. The establishment of the Revised Scheme will not require Afrimat to issue any additional Afrimat Shares. Furthermore, the Revised Scheme will enable Afrimat to further its long-term BEE objectives, and will facilitate Afrimat Group?s compliance with the BEE Requirements. This requires that such amendment be approved, inter alia, by 75% of the shareholders of Afrimat voting at a general meeting.



Posting of circular

Afrimat shareholders are hereby advised that a circular containing, inter alia, details of the Transaction, and incorporating a notice of general meeting of shareholders (?the Circular?) will be posted to Afrimat shareholders on 21 October 2016 and will be available on the Company?s website at www.afrimat.co.za.



Notice of GM

Notice is hereby given that a general meeting of Afrimat shareholders will be held at Tyger Valley Office Park No. 2, Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley at 10:00 on Friday, 18 November 2016 (?General Meeting?), or at any adjournment thereof, if required for the purpose of considering and, if deemed fit, passing with or without modification, the resolutions set out in the notice of general meeting included in the Circular.
12-Oct-2016
(Official Notice)
The company expects earnings per share (?EPS?) to be between 94.1 cents and 97.9 cents per share (2016: 75.3 cents per share) reflecting an increase of between 25% and 30% on the previous period.



The company expects headline earnings per share (?HEPS?) to be between 92.7 cents and 96.5 cents per share (2016: 76.0 cents per share) reflecting an increase of between 22% and 27% on the previous period.



The financial information on which this trading statement is based has not been reviewed by the company?s auditors. The company?s financial results will be released on or about 3 November 2016.



11-Oct-2016
(Official Notice)
27-Sep-2016
(Official Notice)
Shareholders are advised that the company has entered into negotiations regarding an acquisition of an Iron Ore business, currently placed under formal business rescue. A formal business rescue proposal by the company was presented to the creditors of the business on Friday, 23 September 2016. This business rescue proposal was accepted and approved by the creditors with the requisite

majority.



Conditions Precedent

The implementation of the company?s business rescue proposal will be subject to the successful completion of a Cession and Delegation Agreement with the Secured Creditor of the business, a Sale of Shares and Shareholders Agreement with the current shareholders as well as a Management Agreement.



If all conditions have been successfully concluded, it 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.



23-Sep-2016
(Official Notice)
The board of directors of Afrimat announced that African Rainbow Capital (Pty) Ltd. (?ARC?) has offered to purchase 26 300 000 shares in Afrimat, which comprises approximately 18.36% of the share capital in Afrimat, from Afrimat Empowerment Investments (Pty) Ltd. (?AEI?). The transaction is subject to various conditions precedent, including the participants of the Afrimat BEE Trust voting in favour of the offer.



ARC is a fully black owned and controlled investment company focusing on businesses that deliver exceptional returns on equity. ARC is a strategic long-term investor with no predefined exit strategy. They invest in businesses that can grow organically or acquisitively and ARC can enable and accelerate this growth by providing funding where necessary.



The purchase of Afrimat shares by ARC will facilitate the settlement of all debt outstanding in relation to the Afrimat shares held by AEI and the distribution of the economic benefits under the current scheme to its participants, who are all black employees. The transaction is subject to a number of conditions precedent which includes approval of the offer by the participants of the Afrimat BEE Trust. ARC has agreed to be locked in for at least four years on successful conclusion of the purchase of the Afrimat shares.



In order to facilitate the purchase of Afrimat shares by ARC, the current trust deed of the Afrimat BEE Trust is being amended. These changes will be sent to Afrimat shareholders in a circular and will also be provided to scheme participants for approval.
31-Aug-2016
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2016 and terminates on or about 3 November 2016 when the Company is scheduled to publish its interim results.



The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 2.6 million Afrimat shares for an aggregate consideration not exceeding R49.4 million. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.
08-Aug-2016
(Official Notice)
Afrimat shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Friday, 5 August 2016, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



Following the annual general meeting a business update was presented by Mr. Andries J van Heerden, the Chief Executive Officer. This presentation is available on the Company?s website www.afrimat.co.za.
27-Jun-2016
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 29 February 2016, posted on 24 June 2016, are unchanged from the reviewed condensed provisional consolidated financial statements which were released on SENS on 19 May 2016. The 2016 Integrated Annual Report and Notice of Annual General Meeting (including a ?Form of proxy?) can now be viewed via the internet on Afrimat?s website www.afrimat.co.za under ?Investor relations ? Financials?.



Notice is hereby given that the annual general meeting of Afrimat Ltd will be held at The King Fisher Room, Feathers Lodge Boutique Hotel, 24 Melina Street, Durbanville on Friday, 5 August 2016 at 14:00. The record date to be entitled to attend and to vote at the annual general meeting is Friday, 29 July 2016. The notice of the annual general meeting is issued with the integrated annual report.



20-May-2016
(Media Comment)
According to Business Day Afrimat posted commendable results for the year ended February, keeping its debt ratio low and earnings momentum high, as it navigated turbulent markets. The aggregates, concrete products and industrial minerals group said it continued to deliver good results, driven by its diversification strategy, as well as its cost-reduction and efficiency-improvement initiatives. The group said it was well positioned to capitalise on growth from an excellent asset base, acquisitions and greenfield expansion projects.
19-May-2016
(C)
Revenue for the year decreased by 1.4% to R1.970 billion (2015: R1.999 billion). Gross profit jumped by 17.8% to R620.2 million (2015: R526.6 million), operating profit rose by 14.4% to R320.4 million (2015: R280 million), while profit attributable to owners of the parent was higher at R222.1 million (2015: R198.1 million). Furthermore, headline earnings per ordinary share grew by 15.5% to 156.6 cents per share (2015: 135.6 cents per share).



Dividend declaration

Notice is hereby given that a final gross dividend, number 18 of 41 cents per share (2015: 37 cents per share), in respect of the year ended 29 February 2016, was declared on Wednesday, 18 May 2016.



Prospects

The group is well positioned to capitalise on its strategic initiatives, which include continued growth from an excellent asset base, selective acquisitions and greenfield expansion projects. The acquisition of Cape Lime effective 31 March 2016, will complement and augment Afrimat's industrial minerals product offering and further expand its range of unique products.



Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels of all employees will continue across all operations. Afrimat expects the current subdued business climate to continue with the group's growth driven by the successful execution of its proven strategy, recent acquisitions and a wider product offering to the market.
26-Apr-2016
(Official Notice)
The board of directors of Afrimat (?the Board?) hereby provides shareholders with a voluntary trading statement of the company?s results for the year ended 29 February 2016.



The company expects earnings per share (?EPS?) to be between 153 cents and 160 cents per share compared to EPS of 139.0 cents reported for the previous corresponding period, representing an increase of between 10% and 15% per share.



The company expects headline earnings per share (?HEPS?) to be between 153 cents and 160 cents per share compared to HEPS of 135.6 cents reported for the previous corresponding period, representing an increase of between 13% and 18% per share.



The financial information on which this trading statement is based has not been reviewed by the company?s auditors. The company?s financial results will be released on or about 19 May 2016.
05-Apr-2016
(Official Notice)
Shareholders are referred to the announcements on 12 October 2015 and 23 March 2016 regarding Afrimat concluding an agreement in respect of the acquisition of 100% of the issued ordinary shares of Cape Lime (Pty) Ltd. (?Cape Lime?) (?the Acquisition?).



Shareholders are advised that regulatory approval for the purchase of the shares in Cape Lime from the Department of Minerals and Resources (?DMR?) in terms of Section 11 of the provisions of the Minerals Act has been granted. Shareholders are hereby advised that the Acquisition is now unconditional. The effective date of the Acquisition is 31 March 2016.



Further to the announcement released on SENS on 23 March 2016, shareholders are advised that the process to dispose of Afrimat?s Keurkloof quarry located on Portion 2 of Farm Wolvekloof No. 49 is ongoing and the disposal is not expected to have a material effect on the financial results of Afrimat.



Afrimat is excited about the scale of the opportunity of the Acquisition, with Afrimat and Cape Lime having complementary and supplementary strengths. Leveraging these combined strengths and synergies will result in new revenue opportunities as well as increased profitability, in line with Afrimat?s long term diversification strategy.
23-Mar-2016
(Official Notice)
Shareholders are referred to the announcement on 12 October 2015, regarding Afrimat concluding an agreement in respect of the acquisition of 100% of the issued ordinary shares of Cape Lime (Pty) Ltd. (?Cape Lime?) (?the Acquisition?).



Shareholders are advised that conditional Competition Commission approval has been received for the Acquisition. The Competition Commission has requested that Afrimat dispose of Afrimat?s Keurkloof quarry located on Portion 2 of Farm Wolvekloof No. 49 which is owned by Afrimat?s wholly owned subsidiary, Afrimat Aggregates Operations (Pty) Ltd.. The remaining condition precedent for the Acquisition to become unconditional is the regulatory approval for the purchase of the Shares in the Company from the Department of Minerals and Resources (?DMR?) in terms of Section 11 of the provisions of the Minerals Act.



Save as disclosed above, there has been no significant change affecting any matter contained in the earlier announcement and no other significant new matters have arisen that would have been required to be mentioned in the earlier announcement if they had arisen at the time of the preparation of that announcement. Further announcements will be made once the Acquisition becomes unconditional.
29-Feb-2016
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2016 and terminates on or about 19 May 2016 when the company is scheduled to publish its final results. The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 3.0 million Afrimat shares for an aggregate consideration not exceeding R72.0 million. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is affected.
02-Dec-2015
(Official Notice)
Shareholders are advised of the retirement of the current financial director Mr Hendrik Verreynne with effect from 1 March 2016. As part of the Company?s succession planning, Afrimat announced the appointment of Mr Pieter de Wit as financial director, effective 1 March 2016. He will succeed Mr Hendrik Verreynne who will remain the financial director to ensure an effective transition until 29 February 2016.
10-Nov-2015
(Media Comment)
Business Report highlighted that Afrimat is seeking to increase its revenue from outside South Africa from almost zero- 50 percent in the next five to seven years to reduce the country risk in South Africa. Andries van Heerden, chief executive indicated that Afrimat was well positioned to capitalise on its strategic initiatives, which included continued growth from an excellent asset base, selective acquisitions and Greenfield expansion projects.
09-Nov-2015
(C)
Revenue decreased by 2.6% to R1003.2 million (R1030.1 million). Gross profit was up 19.6% to R302.0 million (R252.6 million) and operating profit was 25.3% higher at R159.6 million (R127.3 million). Net attributable profit rose to R107.5 million (R87.6 million). In addition, headline earnings per share grew by 24.4% to 76.0cps (61.1cps).



Dividend

Notice is hereby given that an interim gross dividend, No. 17 of 16.0 cents per share, in respect of the six months ended 31 August 2015, was declared on Friday, 6 November 2015.



Prospects

The group is well positioned to capitalise on its strategic initiatives, which include continued growth from an excellent asset base, selective acquisitions and greenfield expansion projects. Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels of all employees will continue across all operations.



Afrimat expects the current subdued business climate to continue with the group's growth driven by the successful execution of its proven strategy, recent acquisitions and a wider product offering to the market.
21-Oct-2015
(Official Notice)
Afrimat?s shareholders are advised that:

* Basic earnings per share (?EPS?) for the period is expected to be between 74 and 77 cents per share (2015: 61.4 cents per share) reflecting an increase of between 20% and 25% on the previous period; and

* Headline earnings per share (?HEPS?) for the period is expected to be between 73 and 76 cents per share (2015: 61.1 cents per share) reflecting an increase of between 20% and 25% on the previous period.



The Company?s financial results will be released on or about 9 November 2015.

12-Oct-2015
(Official Notice)
16-Sep-2015
(Official Notice)
Shareholders are advised that the company 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.
10-Sep-2015
(Official Notice)
Infrasors Holdings Ltd. ("Infrasors") shareholders are referred to the SENS announcement dated 27 August 2015, regarding the delisting of Infrasors that was passed by the requisite majority of Infrasors shareholders and the general offer of R1.35 per Infrasors share to be made by Afrimat to the remaining shareholders of Infrasors in terms of section 117 of the Companies Act. Infrasors shareholders are also advised that there are no changes and the process will proceed as per the timetable previously announced. For completeness sake, the dates are shown again below.



Action 2015

* Date of opening of General Offer (Opening Date) at 09h00 : Friday, 28 August

* Finalisation announcement : Thursday, 10 September

* Last day to trade to take up the General Offer : Friday, 2 October

* Date of suspension of the listing of Infrasors Shares on the JSE : Monday, 5 October

* General Offer Record Date : Friday, 9 October

* General Offer Closing Date at 12h00 : Friday, 9 October

* General Offer Payment Date : Within 6 business days of receipt of acceptance by the transfer secretaries with the last payment being made on Monday, 12 October

* Termination of the listing of Infrasors Shares at commencement of trade on the JSE: Tuesday, 13 October
31-Aug-2015
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2015 and terminates on or about 9 November 2015 when the company is scheduled to publish its final results.



The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 4 million Afrimat shares for an aggregate consideration not exceeding R74.0 million. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.
27-Aug-2015
(Official Notice)
Infrasors shareholders are referred to the SENS announcement published on 24 July 2015 in terms of which notice was given regarding the General Meeting (?GM?) to approve the resolutions as contained in the circular posted to Infrasors shareholders on the same day regarding the joint firm intention announcement released by Afrimat and Infrasors on 11 June 2015 on SENS in which Afrimat announced its firm intention to acquire the remaining issued share capital of Infrasors that it does not already own (?Remaining Shares?), for a cash consideration of R1.35 (One Rand thirty five cents) per Remaining Share, by way of a scheme of arrangement (?Scheme?) or a general offer to the holders of Remaining Shares (?Remaining Shareholders?) (?General Offer?), accompanied by a delisting of Infrasors (?Combined Scheme and Offer Proposal).



Infrasors shareholders are advised that, at the GM held on 27 August 2015; both ordinary resolutions 1 and 2 were duly passed by the requisite majority of votes, however special resolution 1 was not passed by the requisite majority of votes. The total number of Infrasors shares eligible to be voted at the GM was 14,236,660 (?eligible shares?). The number of shares voted in person or by proxy was 10,060,344 shares representing 82.29% of the eligible shares or 6.16% of the total issued share capital of the Company.



As the Scheme has failed in terms of section 114 of the Companies Act, No. 71 of 2008 (the Act), Afrimat will make a General Offer of R 1.35 per Infrasors share to the Remaining Shareholders in terms of section 117 of the Act. The timetable for the General Offer is set out below. Infrasors shareholders who do not accept the General Offer will remain shareholders in an unlisted entity.

*Date of opening of General Offer (Opening Date) at 09h00 Friday, 28 August 2015

*Finalisation announcement Thursday, 10 September 2015

*Last day to trade to take up the General Offer Friday, 2 October 2015

*Date of suspension of the listing of Infrasors Shares on the JSE Monday, 5 October 2015

*General Offer Record Date Friday, 9 October 2015

*General Offer Closing Date at 12h00 Friday, 9 October 2015

*General Offer Payment Date Within 6 business days of receipt of acceptance by the transfer secretaries with the last payment being made on Monday, 12 October 2015

*Termination of the listing of Infrasors Shares at commencement of trade on the JSETuesday, 13 October 2015

18-Aug-2015
(Official Notice)
Further to the SENS announcement that was released on 17 August 2015 regarding the Director?s Dealings, it must be noted that clearance was given in terms of paragraph 3.66 of the Listings Requirements of the JSE Ltd.
06-Aug-2015
(Official Notice)
Afrimat shareholders are advised that at the annual general meeting (AGM) of shareholders held on Wednesday, 5 August 2015, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The number of Afrimat shares voted in person or by proxy was 101 055 304, representing 70.54% of the total ordinary issued share capital of the same class of Afrimat ordinary shares.



Following the annual general meeting a business update was presented by Mr Andries J van Heerden, the Chief Executive Officer. This presentation is available on the Company's website www.afrimat.co.za.

24-Jul-2015
(Official Notice)
08-Jul-2015
(Official Notice)
Infrasors shareholders are referred to the announcement made on 11 June 2015 detailing the firm intention sent by Afrimat to the board of directors of Infrasors.



It was communicated to Infrasors shareholders that a joint circular containing details relating to the transaction, any additional terms and the notice of the general meeting will be posted by no later than Friday, 10 July 2015. Infrasors shareholders are now advised that the Company has made a request to the Takeover Regulation Panel for an extension to post the circular which has been granted until Friday, 24 July 2015. Infrasors shareholders will be notified appropriately should there be any further changes.
06-Jul-2015
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2015, posted on 06 July 2015, are unchanged from the reviewed condensed provisional consolidated financial statements which were released on SENS on 21 May 2015. The 2015 Integrated Annual Report and Notice of Annual General Meeting (including a ?Form of proxy?) can now be viewed via the internet on Afrimat?s website www.afrimat.co.za under ?Investor relations ? Financials?.



Notice is hereby given that the annual general meeting of Afrimat will be held at The King Fisher Room, Feathers Lodge Boutique Hotel, 24 Melina Street, Durbanville on Wednesday, 5 August 2015 at 14:00. The notice of the annual general meeting is issued with the integrated annual report.
11-Jun-2015
(Official Notice)
21-May-2015
(C)
Revenue increased by 5.1% to R2.0 billion (R1.9 billion). Gross profit rose by 14.2% to R526.6 million (R461 million) and operating profit was up by 21.9% to R280 million (R229.7 million). Net attributable profit was higher at R198.1 million (R154.5 million). In addition, headline earnings per ordinary share grew by 24.4% to 135.6cps (109cps).



Dividend

Notice is hereby given that a final gross dividend, No. 16 of 37cps (2014: 28cps) , in respect of the year ended 28 February 2015, was declared on Wednesday, 20 May 2015.



Prospects

Afrimat is well positioned to capitalise on its strategic initiatives such as continued growth from its excellent asset base and the turnaround at the Infrasors operations.



Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels of all employees remain a key focus across all operations. These programmes, supported by ongoing product diversification in attractive growth sectors such as industrial minerals and open cast mining, should see volumes continue to increase.



Going forward, Afrimat is intensifying its focus on evaluating opportunities outside of South Africa. This will be done with due caution.



Afrimat expects the current business climate to continue, with only moderate market growth projected. Afrimat's growth will remain driven by the effective execution of its proven strategy, which has been successfully implemented over the last five years.
27-Mar-2015
(Official Notice)
In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period.



Afrimat?s shareholders are advised that:

*Basic earnings per share (?EPS?) for the year is expected to be between 124.5 and 135.4 cents per share (2014: 108.3 cents per share) reflecting an increase of between 15% and 25% on the previous year; and

*Headline earnings per share (?HEPS?) for the year is expected to be between 125.4 and 136.3 cents per share (2014: 109.0 cents per share) reflecting an increase of between 15% and 25% on the previous year.



The financial information on which this trading statement is based has not been reviewed by the Company?s auditors. The Company?s financial results will be released on or about 21 May 2015.

15-Dec-2014
(Official Notice)
Shareholders are referred to special resolution number four passed by shareholders at the annual general meeting held on 6 August 2014 in respect of the award of ordinary shares for no consideration to non-executive directors Mr. Marthinus W von Wielligh (300 000 Afrimat ordinary shares) and Mr. Hendrik JE van Wyk (100 000 Afrimat ordinary shares) for their personal contribution towards the company?s good performance over the past few years.



Afrimat wishes to notify shareholders that the shares in respect of the above have been issued to the non-executive directors as at 15 December 2014.



Pro forma financial effects

As published 31 August 2014 and After transaction (cents)

*EPS for the period ended 31 August 2014 -- 61.4; 56.8

*HEPS for the period ended 31 August 2014 -- 61.1; 56.5

*Diluted EPS for the period ended 31 August 2014 -- 60.2; 55.7

*Diluted HEPS for the period ended 31 August 2014 -- 59.9; 55.4

*NAV as at 31 August 2014 -- 594.1; 590.6

*TNAV as at 31 August 2014 -- 486.1; 482.8
06-Nov-2014
(C)
Revenue increased by 10.5% to R1.0 billion (R931.9 million). Gross profit was up 10.1% to R252.6 million (R229.5 million) and operating profit was 16.9% higher at R127.3 million (R108.9 million). Net attributable profit rose to R87.6 million (R70.2 million). In addition, headline earnings per share grew by 23.9% to 61.1cps (49.3cps).



Dividend

An interim gross dividend of 13cps (2013: 11cps) for the period was declared on 5 November 2014.



Prospects

The group is well positioned to capitalise on its strategic initiatives such as continued growth from the excellent asset base and turnaround at the Infrasors operations.



Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels of all employees remains a key focus in all operations. These programmes, supported by ongoing product diversification in attractive growth sectors such as industrial minerals and open cast mining, should see volumes continue to increase.



Going forward, Afrimat is intensifying its focus on finding opportunities outside of South Africa.



Afrimat expects the current business climate to continue with moderate market growth projected. The group's growth will remain driven by the successful execution of its proven strategy which has been implemented over the last five years.



21-Oct-2014
(Official Notice)
Afrimat announced that basic earnings per share ("EPS") is expected to be between 59.0 and 64.0 cents per share (2013: 49.1 cents per share) reflecting an increase of between 20% and 30% on the corresponding period; and



Headline earnings per share ("HEPS") is also expected to be between 59.0 and 64.0 cents per share (2013: 49.3 cents per share) reflecting an increase of between 20% and 30% on the corresponding period.



The Mining - Aggregates segment generated satisfactory profits with good contributions from most operations. The group's industrial mineral operations performed well and the Infrasors turnaround initiatives are progressing as planned.



Concrete Based Products achieved a good increase in profits resulting from cost reduction initiatives. During the previous financial year, a strike at the Gauteng operation had impacted on costs.



The company's financial results will be released on or about 6 November 2014.
01-Sep-2014
(Official Notice)
Shareholders were advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2014 and terminates on or about 6 November 2014 when the company is scheduled to publish its Interim results.



The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 5 million Afrimat shares for an aggregate consideration not exceeding R80.0 million. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is affected.
07-Aug-2014
(Official Notice)
Shareholders are notified that at the Company's annual general meeting held on 6 August 2014, the special resolutions and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course. Following the annual general meeting a business update was presented by Andries van Heerden, the Chief Executive Officer. This presentation is available on the Company's website www.afrimat.co.za.
01-Aug-2014
(Official Notice)
Afrimat shareholders are advised of the following change to the board of directors. The board announced the appointment of Mr Jacobus F van der Merwe as an independent non-executive board member with effect from 1 August 2014. Mr van der Merwe will also serve as a member of the Audit - Risk Committee.
07-Jul-2014
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2014, posted on 07 July 2014, are unchanged from the reviewed condensed provisional consolidated financial statements which were released on SENS on 15 May 2014.



Notice was given that the annual general meeting of Afrimat will be held at The Cedar Conference Room, Poplars Restaurant, Race Course Road, Durbanville on Wednesday, 06 August 2014 at 14:00. The notice of the annual general meeting is issued with the integrated annual report.
15-May-2014
(C)
Revenue increased by 42.1% to R1.9 billion (R1.3 billion). Gross profit rose by 46.6% to R461 million (R314.4 million) and operating profit was up by 55.4% to R229.7 million (R147.8 million). Net attributable profit was more than 50% higher at R154.5 million (R103 million). In addition, headline earnings per ordinary share grew by 41.7% to 109cps (76.9cps).



Dividend

A final gross ordinary dividend of 28cps has been declared.



Outlook

The group is well positioned to capitalise on its strategic initiatives such as continued investment in industrial minerals through Glen Douglas, the Infrasors operations and Clinker Group.



Operational efficiency initiatives aimed at expanding volumes, reducing costs and developing the required skill levels of our employees will be a key focus in all operations. These programmes, supported by ongoing product diversification in attractive growth sectors such as industrial minerals and open cast mining, should see volumes continue to increase. Going forward the group is intensifying its focus on finding opportunities outside of South Africa.



Afrimat expects the current positive business climate to continue with moderate market growth projected. The group's growth will remain driven by the successful execution of its proven strategy that was embarked on over the last five years.
29-Apr-2014
(Official Notice)
Afrimat announced that headline earnings, headline earnings per share ("HEPS") and earnings per share ("EPS") are each expected to increase by between 40% and 45%, respectively, for the year ended 28 February 2014 ("the year") compared to the previous year. The results of Infrasors Holdings Ltd. ("Infrasors") are included from 1 March 2013.



Afrimat acquired a 50,7% stake in Infrasors on 1 March 2013 and has since incrementally increased its shareholding to 79.6%. Treasury shares account for 12.0% while the minorities account for the remaining 8.4% of the Infrasors? total issued shares. Infrasors produces dolomite, limestone and silica. The Company's financial results will be released on or about 15 May 2014.
28-Feb-2014
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2014 and terminates on or about 15 May 2014 when the company is scheduled to publish its final results. The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 4 million Afrimat shares for an aggregate consideration not exceeding R48.0 million. Any repurchase of shares may not be executed at a price higher than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.

07-Nov-2013
(Official Notice)
Shareholders are notified that Mr Pieter Gabriel de Wit has resigned as company secretary of Afrimat with effect from 7 November 2013 due to his appointment into an executive operational position within the Afrimat group.



Mrs Mari?tte Swart, a chartered accountant, has been appointed as company secretary with effect from 7 November 2013.
01-Nov-2013
(Official Notice)
Following the release of Afrimat's interim financial results for the six months ended 31 August 2013, which was announced on SENS on 31 October 2013, a business update was presented by Andries van Heerden, Afrimat's Chief Executive Officer. This presentation is now available on the company's website: www.afrimat.co.za.
31-Oct-2013
(C)
Revenue increased by 38.8% to R931.9 million (R671.3 million). Gross profit was up 42.5% to R229.5 million (R161.1 million) and operating profit was 44% higher at R108.9 million (R75.6 million). Net attributable profit rose to R70.2 million (R50.2 million). In addition, headline earnings per share grew by 40.9% to 49.3cps (35.0cps).



Dividend

A gross interim ordinary dividend of 11cps has been declared.



Outlook

The group is well positioned to capitalise on its strategic investments in industrial minerals through the Glen Douglas Dolomite and Infrasors operations, as well as the Clinker Group.



Initiatives aimed at expanding volumes, reducing costs, improving efficiencies and developing the required skill levels of Afrimat's employees will be a key focus in all operations. These moves, supported by ongoing product diversification in attractive growth sectors such as industrial minerals and open cast mining, should see volumes increase.



The recent improvement reflected in confidence indices relating to the construction industry as published by the Bureau for Economic Research, together with improved market conditions being experienced, bode well for the future.
22-Oct-2013
(Official Notice)
Afrimat announce that headline earnings are expected to increase by between 35% and 45% for the six months ended 31 August 2013 (the period). Headline earnings per share (HEPS) and earnings per share (EPS) for the period are also expected to increase by between 35% and 45%, compared to the previous period. The results of Infrasors Holdings Ltd are included from 1 March 2013.



Mining - Aggregates generated excellent profits despite tough trading conditions in most regions. Industrial minerals operations performed strongly well with the turnaround of Infrasors progressing as planned and achieving positive results. Concrete Based Products recorded a satisfactory increase in sales volumes and sales prices. However, a strike at the Gauteng operation and high cost increases resulted in lower profits for the period.



The financial information on which this trading statement is based has not been reviewed by the company's auditors. The company's financial results will be released on or about 31 October 2013.
30-Aug-2013
(Official Notice)
Shareholders are advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2013 and terminates on or about 31 October 2013 when the Company is scheduled to publish its interim results. The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 5 million Afrimat shares for an aggregate consideration not exceeding R45.0 million. Any repurchase of shares may not be executed at a price greater than 10% above the weighted average trading price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.
30-Aug-2013
(Official Notice)
Shareholders are hereby advised that Afrimat has granted a mandate for the purchase of its subsidiary, Infrasors Holdings Ltd. ("Infrasors") ordinary shares during the Infrasors closed period. This period commences on 1 September 2013 and terminates on or about 28 October 2013 when Infrasors is scheduled to publish its interim results.



The mandate granted by Afrimat has been entered into with a single agent who has full discretion in executing the purchase of shares in Infrasors during the closed period. The intention is to repurchase a maximum of 13 million Infrasors shares for an aggregate consideration not exceeding R8.45 million. The purchase(s) will not be conducted at a price of greater than R0.65 as per section 127 of the Companies Act.
19-Aug-2013
(Official Notice)
Afrimat sadly announces that non-executive director Dr Laurie Korsten passed away during the weekend after being hospitalised for the last few weeks.



Dr Korsten was involved in the establishment of Afrimat and served as a director and member of the Audit - Risk Committee since 2009. The board and his colleagues at Afrimat convey their deepest sympathy to his family. Dr Korsten will be remembered for his passion for people and his wealth of knowledge that added significantly to the establishment of Afrimat and its subsequent successes. His wise input and strategic contribution will be missed.
01-Aug-2013
(Official Notice)
Shareholders were notified that at the company's annual general meeting held on 31 July 2013, the special resolutions and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course.



Following the annual general meeting a business update was presented by Andries van Heerden, the Chief Executive Officer. This presentation is the same presentation that was described on the SENS dated 29 July 2013 and is available on the company's website www.afrimat.co.za.
29-Jul-2013
(Official Notice)
Shareholders were advised that the presentation encompassing details on the company's Clinker and Glen Douglas operations, which were visited by management on Friday 26 July, is available on Afrimat's website - www.afrimat.co.za.
08-Jul-2013
(Official Notice)
In an announcement published on SENS on 7 June 2013, shareholders of Infrasors Holdings Ltd. ("Infrasors") were referred to the announcement released on SENS on 5 March 2013 and the unconditional mandatory offer circular posted on 22 April 2013, whereby Afrimat or "the offeror" extended a mandatory offer to the remaining Infrasors shareholders to acquire the ordinary shares held by Infrasors shareholders other than Afrimat for a consideration of 35 cents per share ("the Initial Offer Consideration") (the "Initial Offer") and were notified that Afrimat has increased the offer consideration to 65 cents per ordinary share ("the Revised Offer Consideration") ("the Revised Offer").



The aforementioned Unconditional Mandatory Offer closed at 12h00 on Friday, 5 July 2013 and shareholders are hereby advised that in terms of the Unconditional Mandatory Offer, Afrimat received acceptances from Infrasors ordinary shareholders holding 8 219 715 Infrasors ordinary shares, constituting approximately 4.5% of the issued ordinary shares in Infrasors. Prior to the Unconditional Mandatory Offer, Afrimat held, directly and indirectly, 94 171 108 Infrasors ordinary shares, constituting approximately 50.7% of the issued ordinary shares in Infrasors. As a result of the Unconditional Mandatory Offer, Afrimat has increased its shareholding in Infrasors to approximately 55.2% of the issued ordinary shares in Infrasors



Further to the aforesaid acceptances from Infrasors ordinary shareholders, Afrimat acquired another 6 198 132 Infrasors ordinary shares in the open market at a value of 65 cents per share constituting approximately 3.3% of the issued ordinary shares in Infrasors. Therefore this brings Afrimat's total shareholding in Infrasors to approximately 58.5% of the issue ordinary shares in Infrasors.
01-Jul-2013
(Official Notice)
Shareholders were advised that the audited annual financial statements for the year ended 29 February 2013, posted on 1 July 2013, are unchanged from the reviewed condensed provisional consolidated financial statements which were released on SENS on 9 May 2013.



Notice was given that the annual general meeting of Afrimat will be held at The Cedar Conference Room, Poplars Restaurant, Race Course Road, Durbanville on Wednesday, 31 July 2013 at 14:00. The notice of the annual general meeting is issued with the integrated annual report.
06-Jun-2013
(Official Notice)
24-May-2013
(Official Notice)
Afrimat and Infrasors Holdings Ltd. ("Infrasors") shareholders were referred to the SENS announcement dated 22 March 2013, regarding Afrimat being required to make an unconditional mandatory offer ("the Offer") to all Infrasors minority shareholders as a result of Afrimat's acquisition of 94 171 108 Infrasors shares, representing 50.7% of the issued share capital of Infrasors. Infrasors shareholders are hereby advised that the offer remains unconditional and that the salient dates previously advised remain unchanged. Shareholders should refer to the SENS announcement dated 22 April 2013 for the important salient dates and times regarding the unconditional offer.
09-May-2013
(C)
Revenue jumped 34.3% to R1.3 billion (R996.1 million) whilst gross profit grew 27.7% to R314.4 million (R246.3 million). Operating profit increased 13.6% to R147.8 million (R130.1 million). Profit attributable to owners of the parent rose to R103.0 million (R90.3 million). Furthermore, headline earnings per share climbed 22.8% to 76.9 cents per share (62.6 cents per share).



Dividend

A final dividend of 20.0 cents per share (13.0 cents) was declared for the year on 8 May 2013.



The total dividend (interim and final) for the year amounts to 28.0 cents per share (19 cents per share).



Prospects

While ongoing short-term recovery of the business environment is expected to remain slow, benefits should devolve from government's planned infrastructure spend. In addition the group is well positioned to capitalise on its strategic investments in industrial minerals through Glen Douglas Dolomite, Infrasors operations and Clinker Group.



Initiatives aimed at expanding volumes, reducing costs and improving efficiencies is a key focus in all operations. These moves, supported by ongoing product diversification in attractive growth sectors such as industrial minerals and open cast mining, should see volumes increase.
23-Apr-2013
(Official Notice)
Afrimat is pleased to announce that its headline earnings are expected to increase by between 25% and 30% for the year ended 28 February 2013 ("the year"). Headline earnings per share ("HEPS") and earnings per share ("EPS") for the year are expected to increase by between 20% and 25% and 7% and 12%, respectively, compared to the previous year. HEPS and EPS were impacted to an extent by dilution as a result of treasury shares utilised as part settlement for the Clinker Group acquisition.



All business segments have shown satisfactory profits despite tough trading conditions in most regions of the country. This was compounded by high fuel and electricity costs and a strike in KwaZulu-Natal in the first half of the year. The group's industrial minerals operations performed well and the formerly underperforming Readymix business segment achieved higher sales volumes in the Western Cape and benefitted from successful cost reduction initiatives. The results of the Clinker Group are included from 1 March 2012. The Company's financial results will be released on or about 9 May 2013.
22-Apr-2013
(Official Notice)
Afrimat and Infrasors Holdings Ltd. ("Infrasors") shareholders are referred to the SENS announcement dated 5 March 2013, regarding Afrimat being required to make an unconditional mandatory offer ("the Offer") to all Infrasors minority shareholders as a result of Afrimat's acquisition of 94 171 108 Infrasors shares, representing 50.8% of the issued share capital of Infrasors. .



Infrasors shareholders are hereby advised that a circular containing, inter alia, details of the Offer, a form of proxy and a form of surrender and transfer ("Circular") is being posted to Infrasors shareholders today and will be available on the Infrasors website at www.infrasors.co.za. Infrasors Shareholders are advised to review the Circular for the terms of the Offer.



Important dates and times

The important dates and times relating to the Offer ("Timetable") are set out below. Words and expressions in the Timetable and notes thereto shall have the same meaning as assigned to them in the circular.

*Mandatory offer document posted to Infrasors minorities on Monday, 22 April 2013

*Mandatory offer opens at 09:00 on Monday, 22 April 2013

*Finalisation date on Friday, 24 May 2013

*Last day to trade in Infrasors shares in order to participate in the mandatory offer Friday, 31 May 2013

*Shares trade "ex" the mandatory offer Monday, 3 June 2013

*Mandatory offer closes at 12:00 on Friday, 7 June 2013

*Record Date to determine which shareholders may accept the Mandatory offer on Friday, 7 June 2013

*Results of mandatory offer to be released on SENS on Monday, 10 June 2013

*Final (see note 4) offer consideration credited to the offer participant's accounts at his CSDP or stockbroker (as the case may be) in cases where the shares surrendered in terms hereof are held by such CSDP or stockbroker as nominee for the offer participant on Monday, 10 June 2013

*Final cheques posted to or credited to the bank accounts of the offer participants (Who hold their shares in their own names) at the offer participant?s own risk, in settlement of the offer consideration (subject to receipt by the transfer secretaries of the relevant share certificates) on or about Monday, 10 June 2013

*Results of the mandatory offer to be published in the press on Tuesday, 11 June 2013
12-Apr-2013
(Official Notice)
04-Mar-2013
(Official Notice)
Afrimat shareholders are referred to the cautionary announcements published between 29 June 2012 and 19 December 2012, the terms announcement on 18 January 2013 and the fulfilment of the conditions precedent on 8 February 2013 in respect of Afrimat making an offer to acquire 50.4% of Infrasors Holdings Ltd. ("Infrasors"), being 93 461 108 Infrasors shares, from Hanchurch Asset Managers ("Hanchurch") and certain retiring management of Infrasors ("the Sellers"), which has been accepted by the Sellers ("the Transaction"). Afrimat shareholders are advised that following the transfer of the Infrasors shares, Afrimat purchased 94 171 108 shares. The change of control took place on 1 March 2013 and Afrimat is now the controlling shareholder of Infrasors.



Mandatory offer

As a result of Afrimat's holding of Infrasors surpassing 35% of the issued ordinary share capital of Infrasors, Afrimat is required, in terms of section 123 of the Companies Act, No. 71 of 2008 (the "Act"), to extend a mandatory offer to the remaining Infrasors ordinary shareholders (the "Offer").



Material terms of offer

Under the terms of the Offer, Infrasors minority shareholders are entitled to receive 35 cents per Infrasors share held.



Conditions precedent

The implementation of the Offer is subject to the fulfilment of the following condition precedent:

* Receipt of the necessary approvals required from the Takeover Regulation Panel ("TRP") and the JSE.



Funding

Afrimat has confirmed to Infrasors that sufficient cash resources are available for the payment of the offer consideration in terms of the Offer, and, as required in terms of the Companies Act and the Companies Regulations, 2011, The Standard Bank South Africa Limited has provided the necessary guarantee to the TRP to satisfy the full offer consideration payable in terms of the Offer.



Circular to shareholders

A joint circular containing details of the Offer and the terms and timing thereof will be posted to Infrasors shareholders in due course.
28-Feb-2013
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2013 and terminates on or about 9 May 2013 when the Company is scheduled to publish its interim results. The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 6.5 million Afrimat shares for an aggregate consideration not exceeding R55.25 million. Any repurchase of shares may not be executed at a price greater than 10% above the weighted average traded price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.
08-Feb-2013
(Official Notice)
Following the disclosure of financial effects and the terms of the transaction, shareholders are no longer required to exercise caution when dealing in their Afrimat ordinary shares and accordingly, the cautionary announcement released by Afrimat on 18 January 2013 is withdrawn.
08-Feb-2013
(Official Notice)
Afrimat shareholders were referred to the cautionary announcements published between 29 June 2012 and 19 December 2012 as well as the terms announcement on 18 January 2013 in respect of Afrimat making an offer to acquire 50.4% of Infrasors Holdings Ltd. ('Infrasors"), being 93 461 108 Infrasors shares, from Hanchurch Asset Managers ("Hanchurch") and certain retiring management of Infrasors ("the sellers:), which has been accepted by the sellers ("the transaction"). Afrimat shareholders were advised that all the conditions precedent have been met and the transaction is now unconditional. As the financial effects were not disclosed in the announcement on 18 January 2013, they are set out below.



Mandatory offer

Arrangements are currently being made for the settlement and transfer of the sellers' Infrasors shares to Afrimat. Once Afrimat obtain possession of the sellers' shares and become the controlling shareholder of Infrasors, Afrimat will make an unconditional mandatory offer to all remaining Infrasors ordinary shareholders in terms of section 123 of the Companies Act. A separate mandatory offer announcement will be made one business day following Afrimat taking possession of the shares from the sellers.



Pro forma financial effects of the transaction on Afrimat

Before and after the transaction

*Basic earnings per share (EPS) (cents) -- 35.2 ; 35.7

*Diluted earnings per share (EPS) (cents) -- 34.3 ; 34.9

*Headline earnings per share (HEPS) (cents) -- 35.0 ; 35.3

*Diluted headline earnings per share (HEPS) (cents) -- 34.2 ; 34.4

*Net asset value per share (NAV) (cents) -- 504 ; 504

*Tangible net asset value (TNAV) (cents) -- 392 ; 393

*Shares in issue -- 143 262 412 ; 143 262 412

*Weighted average number of shares in issue -- 142 593 027 ; 142 593 027

*Diluted weighted average number of shares in issue -- 146 178 128 ; 146 178 128
18-Jan-2013
(Official Notice)
Shareholders were advised to continue exercising caution when dealing in the shares in the company pending the release of the financial effects of the acquisition of shares in Infrasors Holdings Ltd.
18-Jan-2013
(Official Notice)
16-Jan-2013
(Official Notice)
19-Dec-2012
(Official Notice)
Further to the cautionary announcement published on 6 November 2012, shareholders are advised that the company is continuing with negotiations which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
06-Nov-2012
(Official Notice)
Further to the cautionary announcement published on 25 September 2012, shareholders are advised that the company has entered into negotiations which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
01-Nov-2012
(C)
Revenue increased by 32.5% to R671.3 million (R506.7 million). Gross profit rose to R161.1 million (R121.7 million). Operating profit was up at R75.6 million (R65.5 million). Net attributable profit grew to R50.2 million (R44.6 million). In addition, headline earnings per share increased to35cps (29.8cps).



Dividend

An ordinary interim dividend of 8cps has been declared.



Prospects

While ongoing short-term recovery of the business environment is expected to remain slow, the group is well positioned to capitalise on its strategic initiatives such as its investment in industrial minerals through the Glen Douglas Dolomite operation and its acquisition of the Clinker Group. In light of this, activities in 'Mining - Aggregates' are expected to remain the dominant growth driver. Initiatives aimed at expanding volumes, reducing costs and improving efficiencies will be a key focus in all operations. These initiatives, supported by ongoing product diversification in attractive growth sectors, such as industrial minerals and open cast mining, should see volumes increase.



17-Oct-2012
(Official Notice)
Afrimat is pleased to announce that its headline earnings are expected to increase by between 20% and 25%. Earnings per share and headline earnings per share ("HEPS") for the six months ended August 2012 are expected to increase by between 7% and 12% and 15% and 20% respectively, compared to the comparative period in the previous year. HEPS was impacted by the dilution as a result of treasury shares utilised as part settlement for the Clinker Group acquisition.



All business units are expected to report increased profits compared to the comparative period, despite tough trading conditions. The group benefited during the period from its diversification initiatives, improvement in the profitability of the Readymix business unit (due to higher sales volumes in the Western Cape and cost reduction initiatives) and profits generated by the newly acquired Clinker Group. The company's financial results will be released on or about 1 November 2012.
25-Sep-2012
(Official Notice)
Further to the cautionary announcement published on 13 August 2012, shareholders were advised that the company has entered into negotiations which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
30-Aug-2012
(Official Notice)
Shareholders are advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2012 and terminates on or about 1 November 2012 when the company is scheduled to publish its interim results. The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 5 million Afrimat shares for an aggregate consideration not exceeding R32.5 million. Any repurchase of shares may not be executed at a price greater than 10% above the weighted average traded price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is affected.
13-Aug-2012
(Official Notice)
Further to the cautionary announcement published on 29 June 2012, shareholders were advised that the company has entered into negotiations which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
02-Aug-2012
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 1 August 2012, the special resolutions and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course. Following the annual general meeting a business update was presented by Andries van Heerden, the chief executive officer. The presentation is available on the company's website www.afrimat.co.za.
29-Jun-2012
(Official Notice)
Shareholders were advised that the audited annual financial statements for the year ended 29 February 2012, posted on 29 June 2012, are unchanged from the reviewed results which were published on SENS on 10 May 2012. Notice was also given that the annual general meeting of Afrimat Ltd. will be held at The Cedar Conference Room, Poplars Restaurant, Race Course Road, Durbanville on Wednesday, 1 August 2012 at 14:00. The notice of the annual general meeting is issued with the integrated annual report.
29-Jun-2012
(Official Notice)
Shareholders are advised that the company has entered into negotiations which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
10-May-2012
(C)
Revenue increased to R996.1 million (R854.5 million). Gross profit rose by 19.6% to R246.3 million (R206 million) and operating profit improved by 18.7% to R130.1 million (R109.6 million). Net attributable profit increased to R90.3 million (R76.3 million). In addition, headline earnings per ordinary share was up 17% to 62.6c (53.5cps).



Dividend

A higher final dividend of 13cps (11cps) was declared for the year on 14 March 2012 and paid on 10 April 2012.



Outlook

While ongoing recovery of the business environment is expected to remain slow, benefits should devolve from government's planned infrastructure spend. In addition, Afrimat should benefit further from its investment in industrial minerals through the Glen Douglas Dolomite operation and its acquisition of the Clinker Group. In light of these activities "Mining - Aggregates" are expected to remain the dominant driver of growth in the future. Initiatives aimed at expanding volumes, reducing and managing costs and improving efficiencies will be a key focus in all operations during the new financial year. These initiatives, supported by ongoing product diversification in attractive growth sectors such as industrial minerals and open cast mining, should see volumes increase.
15-Mar-2012
(Official Notice)
Shareholders are referred to the SENS announcements on 12 December 2011 and 7 March 2012, regarding Afrimat entering into an agreement to acquire 100% of the issued ordinary share capital of S.A. Block (Pty) Ltd and its 100% owned subsidiary Clinker Supplies (Pty) Ltd (jointly referred to as the "Clinker Group" or "Group") ("the Transaction"). Shareholders are hereby advised that all the closing date administrative matters have been finalised and the transaction is now unconditional. Afrimat is excited about the scale of the potential opportunity of this acquisition, with Afrimat and the Clinker Group having complementary and supplementary strengths. Leveraging these combined strengths will result in new revenue opportunities as well as increased profitability, in line with its long term diversifications strategy.
14-Mar-2012
(Official Notice)
The board announce that a final dividend of 13 cents per share (dividend no. 10) resulting in a total dividend of 19 cents per share (2011: 17 cents per share)for the 12 months ended 29 February 2012, has been declared.

Dividend Timetable

*Declaration date Wednesday, 14 March 2012

*Last date to trade Thursday, 29 March 2012

*Shares commence trade ex dividend Friday, 30 March 2012

*Record date Thursday, 5 April 2012

*Payment date Tuesday, 10 April 2012



Share certificates may not be dematerialised or rematerialised between Friday, 30 March 2012 and Thursday, 5 April 2012, both days inclusive. The dividend has been declared after exercising careful consideration and assessment of all factors that the board considers relevant to the declaration of this dividend, including the current macro-economic and business outlook. Afrimat adopts a dividend policy of three times cover, and based on estimates utilising unaudited management accounts for the 12 months ended 29 February 2012, with a current estimated profit before tax between R115 million and R120 million (2011: R108 million), the board considered the dividend to be appropriate.



The financial information on which this dividend declaration has been based has not been reviewed or reported on by Afrimat's auditors. Afrimat's results for the year ended 29 February 2012 are expected to be published on or about 10 May 2012.
07-Mar-2012
(Official Notice)
Shareholders are referred to the announcement on 12 December 2011, regarding Afrimat entering into an agreement to acquire 100% of the issued ordinary share capital of SA Block (Pty) Ltd.and its 100% owned subsidiary Clinker Supplies (Pty) Ltd. (jointly referred to as the "Clinker Group" or "Group"), for an indicative purchase consideration of R123.5 million (one hundred and twenty three million, five hundred thousand rand) ("the Purchase Consideration") from Aureos Southern Africa Fund LLC, Hans-Elisabeth Pfeffer No.1 Trust, Hans- Elisabeth Pfeffer No.2 Trust, Hans-Elisabeth Pfeffer No.3 Trust, S.A. Block Employees Trust and Karl-Anton Pfeffer (collectively, "the Sellers") ("the transaction").



Two significant outstanding conditions precedent to the transaction have now been met:

*The transaction was unconditionally approved by the Competition Commission (in terms of Chapter 3 of the Competition Act 1998); and

*The final purchase consideration of R121.9 million (one hundred and twenty one million and nine hundred thousand rand) was agreed to by the parties. The indicative purchase consideration was adjusted to reflect the warranted net asset value at 31 December 2011. The changes to the purchase consideration, as noted above, have no material impact on the pro forma financial effects of the transaction.



Save as disclosed above, there has been no significant change affecting any matter contained in the earlier announcement and no other significant new matters have arisen that would have been required to be mentioned in the earlier announcement if they had arisen at the time of the preparation of that announcement. The acquisition shall become unconditional once all closing date administrative matters have been finalised. The acquisition will enable Afrimat to gain a foothold in the clinker supply market and concrete manufacturing industry in line with Afrimat's diversification strategy. Clinker, the main product supplied by the Clinker Group, has unique advantages to manufacturers of concrete products. Further announcements will be made once the transaction becomes unconditional.

29-Feb-2012
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2012 and terminates on or about 10 May 2012 when the company is scheduled to publish its year end results. The mandate has been entered into with a single agent who has full discretion in executing the repurchase programme. The intention is to repurchase a maximum of 5 million Afrimat shares for an aggregate consideration not exceeding R27.5 million. Any repurchase of shares may not be executed at a price greater than 10% above the weighted average traded price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.
03-Nov-2011
(Official Notice)
Further to the cautionary announcement published on 7 October 2011 shareholders were advised that the company has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
03-Nov-2011
(C)
Revenue increased by 11.2% to R506.7 million (R455.9 million). Gross profit rose by 12.7% to R121.7 million (R108 million). Operating profit was up 1.9% to R65.5 million (R64.3 million). Net attributable profit declined to R44.6 million (R44.8 million). In addition, headline earnings per share dropped marginally by 0.3% to 29.8c (29.9cps).



Dividend

An ordinary interim dividend of 6cps has been declared.



Outlook

The slow recovery of the business environment is expected to continue. In addition Afrimat is well placed to benefit further from its investment in industrial minerals through the Glen Douglas Dolomite operation and other new initiatives in the pipeline, details of which will be disclosed in due course. 'Mining - Aggregates' activities are therefore expected to remain the dominant driver of group results.



Price competition and margin squeeze will undoubtedly remain adverse factors for the 'Readymix' division going forward. Initiatives aimed at expanding volumes, reducing costs and improving efficiencies will be a key focus in all operations. These, supported by an ongoing strategy of growth from diversification in attractive growth sectors such as industrial minerals and open cast mining, should see volumes increase.
07-Oct-2011
(Official Notice)
Shareholders were advised that the company has entered into negotiations which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is released.
31-Aug-2011
(Official Notice)
Shareholders were advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2011 and terminates on or about 3 November 2011 when the company is scheduled to publish its interim results. The mandate has been entered into with a single agent who has full discretion in executing the repurchase programme. The intention is to repurchase a maximum of 5 million Afrimat shares for an aggregate consideration not exceeding R17.5 million. Any repurchase of shares may not be executed at a price greater than 10% above the weighted average traded price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.
12-Aug-2011
(Official Notice)
Afrimat sadly announces the death today of Executive Director Mr. Peter Corbin following a long battle with cancer. Peter joined Prima Klipbrekers (Pty) Limited in 1985 where he became Managing Director. Subsequent to the formation of Afrimat, he took up the position of Chief Operating Officer of the group until 2009 and thereafter participated on a part time basis in the group`s New Business Development initiatives. The board and his colleagues at Afrimat convey their deepest sympathy to his family. Peter will be remembered for his passion for people and his wealth of knowledge that added significantly to Afrimat`s success. The board will miss his wise input.

04-Aug-2011
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 3 August 2011, the special resolutions and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course. Following the annual general meeting a business update was presented by Andries van Heerden, the Chief Executive Officer. The presentation is available on the company's website www.afrimat.co.za.
05-Jul-2011
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2011 posted on 5 July 2011 are unchanged from the reviewed results which were published on SENS on 12 May 2011.



Notice is hereby given that the annual general meeting of Afrimat Limited will be held at The Cedar Conference Room, Poplars Restaurant, Race Course Road, Durbanville on Wednesday, 3 August 2011 at 14:00. The notice of the annual general meeting is issued with the annual report.

12-May-2011
(C)
Revenue increased by 9.8% to R854.5 million (R778 million). Gross profit rose by 13.1% to R206 million (R182.2 million) and operating profit increased by 0.8% R109.8 million (R108.9 million). Net attributable improved to R76.1 million (R72.9 million). In addition, headline earnings was up by 3.9% to 53.3cps (51.3cps).



Dividend

A final ordinary dividend of 11cps has been declared.



Outlook

The slow paced recovery of the business environment is expected to continue. The group is set to benefit from its diversification strategy and investment in industrial minerals through the acquisition of Glen Douglas as well as from other new initiatives. This should lead to Mining - Aggregates' activities continuing to dominate group results. Price competition and margin squeeze will remain adverse factors in Readymix and Concrete Products. Business improvement initiatives aimed at expanding volumes, reducing costs and improving efficiencies will remain a key focus in all operations. These, supported by ongoing diversification into attractive growth sectors such as industrial minerals and open cast mining, should see volumes increase further.
28-Feb-2011
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2011 and terminates on or about 12 May 2011 when the company is scheduled to publish its year end results. The mandate has been entered into with a single agent who has full discretion in executing the Repurchase Programme. The intention is to repurchase a maximum of 5 million Afrimat shares for an aggregate consideration not exceeding R17.5 million. Any repurchase of shares may not be executed at a price greater than 10% above the weighted average traded price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is affected.
08 Dec 2010 11:29:53
(Official Notice)
Conclusion of the acquisition of Glen Douglas Dolomite (Pty) Ltd The agreement for the acquisition of Glen Douglas Dolomite (Pty) Ltd ("Glen Douglas") by Afrimat Ltd ("Afrimat") from Exxaro Resources Ltd ("Exxaro") includes the following conditions precedent:

(a)Obtaining all regulatory approvals from the Minister of Mineral Resources in terms of Section 11 of the Minerals and Petroleum Resources Development Act;

(b)Obtaining regulatory approval for the transaction in terms of Chapter 3 of the Competition Act;

(c)Obtaining the necessary environmental rehabilitation guarantees ("guarantees") to the satisfaction of the Department of Mineral Resources ("DMR") and procuring that the seller be released from all guarantees provided to the DMR, if any.



The directors of Afrimat advised that conditions precedent (a) and (b) have been met and that Exxaro and Afrimat have agreed to waive condition precedent (c) subject to certain conditions ("waiver conditions"), as Afrimat has already made good progress in providing the required guarantee to the DMR.



The waiver conditions are set out below:

*Afrimat will indemnify Exxaro against any and all damages in respect of any and all claims in relation to the guarantees required by the DMR and will procure an undertaking from the DMR that Exxaro will be released from all guarantees provided to the DMR, if any; and

*Afrimat shall remain bound to the conditions of the acquisition agreement irrespective of any conditions or additional guarantees imposed by the DMR over and above the current indicative value of the required guarantee set at R13.2 million. The indicative value of the guarantee was determined by Afrimat in conjunction with external environmental consultants.



The acquisition shall therefore become unconditional with effect from 1 January 2011, from which date Afrimat shall take management control. The acquisition will pave the way for expansion into the industrial minerals market in line with Afrimat's diversification strategy.
08 Nov 2010 07:13:49
(C)
Revenue rose by 16.1% to R455.9 million (R392.5 million). Gross profit increased to R108 million (R100 million), but operating profit declined by 2.9% to R64.7 million (R66.6 million). Net attributable profit improved to R44.9 million (R41.9 million). In addition, headline earnings on a per share basis grew by 1% to 29.9cps (29.6cps).



Dividend

An interim ordinary dividend of 6cps has been declared.



Outlook

The enhanced business environment is expected to continue. However, price competition will remain an adverse factor in Readymix Concrete and Concrete Manufactured Products. Business improvement initiatives aimed at expanding volumes and reducing costs remain a key focus in all operations. These, supported by further product diversification into attractive growth sectors such as industrial minerals, including Glen Douglas, should see volumes increase further.
05 Nov 2010 12:59:03
(Official Notice)
Shareholders were notified that Mr. Gert Johannes Coffee has been appointed as an executive director of Afrimat with immediate effect from 04 November 2010.
08 Oct 2010 11:08:45
(Official Notice)
Afrimat is pleased to announce that its earnings and headline earnings per share ("HEPS") for the six months to August 2010 are expected to increase by approximately 3% and 1%, respectively, compared to the same period in the previous year. The improved financial indicators were driven by an upturn in the business sector towards the end of the interim period. However, the Black Economic Empowerment transaction, announced on 31 August 2009, and the Mineral and Petroleum Resources Royalty Act effective from 1 March 2010, resulted in a dilution of HEPS by 4,3% and 3,8%, respectively. Of the group's key operations aggregates and contracting activities achieved good results, Readymix Concrete remained under pressure and concrete manufactured products marginally underperformed compared to the previous comparative period. Management is satisfied with the group's overall performance in the current market conditions. The approval of the Department of Mineral Resources ("DMR") is the only outstanding condition precedent to conclusion of the acquisition of Glen Douglas Dolomite (Pty) Ltd. The DMR has confirmed that all submissions are in order. The financial information on which this voluntary trading update is based has not been reviewed by the company's auditors. The company's interim results will be released on or about 8 November 2010.
30 Aug 2010 11:02:34
(Official Notice)
Shareholders are notified that Routledge Modise has resigned as company secretary of Afrimat with effect from 30 August 2010. Pieter de Wit has been appointed as company secretary with effect from 30 August 2010.
05 Aug 2010 13:05:17
(Official Notice)
Shareholders were notified that at the company's annual general meeting held on 4 August 2010, the special resolution and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolution granting general authority to the directors to repurchase the company's shares will be lodged for registration with CIPRO in due course. Following the annual general meeting a business update was presented by Andries van Heerden, the chief executive officer. This full presentation is available on the company's website www.afrimat.co.za. Highlights of the presentation are as follows:

* No slowdown evident during the world cup;

* First quarter activities were slow but improvement evident in the second quarter compared to the same quarter in the previous year as well as the first quarter of this year. Year to date Aggregates and Concrete manufactured products are showing good volume improvement but Readymix is under pressure when compared to the same period in the previous year;

* Strong balance sheet will enable the company to exploit bargain acquisitions;

* Previous acquisitions are contributing well. The Glen Douglas acquisition has been approved by the competition commission and approval from the department of mineral resources is the only outstanding condition precedent before the acquisition becomes effective.
12 Jul 2010 10:43:14
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2010 posted on 12 July 2010 are unchanged from the reviewed results which were published on SENS on 13 May 2010. Notice is hereby given that the annual general meeting of Afrimat Ltd will be held at The Cedar Conference Room, Poplars Restaurant, Race Course Road, Durbanville on Wednesday, 4 August 2010 at 14:00. The notice of annual general meeting is issued with the annual report.
13 May 2010 08:28:36
(C)
Revenue increased from R687.1 million to R778.0 million in 2010.Gross profit increased to R182.2 million (2009:R161.7 million) and operating profit increased to R108.9 million (2009:R86.3 million). Profit attributable to ordinary shareholders increased to R72.9 million (R57.7 million). Headline earnings on a per share basis increased to 51.30cps (40.50cps).



Dividends per share

A final dividend of 10cps was declared for the period under review.



Prospects

The current challenging economic conditions are expected to start improving during the latter part of 2010 as all indications are that private residential and commercial property development activity is expected to improve. In addition government's commitment to infrastructure spend should stimulate demand for Afrimat's products. Internal business strategies and initiatives are set to expand volumes and reduce cost, which are key focus areas in existing and acquired operations. These factors, supported by further product diversification into sectors such as industrial minerals, should result in increased volumes.
04 May 2010 14:21:14
(Official Notice)
Shareholders of Afrimat are referred to the cautionary announcement dated 31 March 2010 and subsequent detailed announcement earlier today relating to the acquisition of Glen Douglas Dolomite (Pty) Ltd. Further to the above, shareholders are advised that they no longer need to exercise caution when dealing in their Afrimat securities.
04 May 2010 09:46:26
(Official Notice)
20 Apr 2010 16:09:51
(Official Notice)
Shareholders are advised that the company's results for the year ended 28 February 2010, being earnings and headline earnings per share, are expected to be between 20% and 30% higher than the reported earnings and headline earnings per share for the prior comparative period. The company's financial results will be released on or about 13 May 2010.
31 Mar 2010 12:15:05
(Official Notice)
Shareholders were advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's shares. Accordingly, shareholders were advised to exercise caution when dealing in the company's shares until a further announcement was released.
25 Feb 2010 11:27:38
(Official Notice)
Shareholders were advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2009 and terminates on or about 13 May 2010 when the company is scheduled to publish its year end results. The mandate has been entered into with a single agent who has full discretion in executing the repurchase programme. The intention is to repurchase a maximum of 3 million Afrimat shares for an aggregate consideration not exceeding R10 million. Any repurchase of shares may not be executed at a price greater than 10% above the weighted average traded price for Afrimat ordinary shares for the five business days immediately preceding the date on which any such repurchase is effected.
25 Feb 2010 11:08:36
(Official Notice)
Shareholders were notified that at the company's general meeting held on 24 February 2010, the ordinary resolutions proposed thereat, approving the amendments to the trust deeds of the Afrimat share incentive trust and the Afrimat BEE trust, were duly passed by the requisite majority of votes. This step in Afrimat's transformation process has laid the foundation for the continued advancement of black ownership in the company and is further testimony to the company's commitment to real and tangible transformation that rewards, in particular, the efforts of its loyal staff and management. Afrimat is now firmly repositioned as a leading BEE provider in the construction materials industry.
04 Feb 2010 14:14:57
(Official Notice)
Afrimat reported an improved performance for the six months ended 31 August 2009 compared to the same period in 2008. The directors are pleased to report that the group's stronger performance has been sustained into the third quarter of the financial year ending 28 February 2010.



Afrimat's growth strategy and focus on enhanced operational performance and return on capital investment, as well as tighter working capital control, continue to realise benefit for the group despite a tough and challenging market. The strategic decision to shift intense focus more to infrastructure development has also yielded a positive result for the group.



A circular was distributed to shareholders on 4 February 2010 detailing the principal amendments to the trust deeds of the Afrimat BEE Trust and the Afrimat share incentive trust, which have facilitated the improvement in Afrimat's BEE credentials while also ensuring compliance with new JSE regulations. The circular incorporates a notice of general meeting to be held at The Cedar Conference Room, Poplars Restaurant, Race Course Road, Durbanville at 14:00 on Wednesday, 24 February 2010.
05 Nov 2009 08:25:24
(C)
Revenue for the period increased by 21.2% to R392.5 million from R323.8 million in the 2008 comparative period. Operating profit increased by 22.1% to R66.6 million from R54.5 million in the 2008 comparative period. Headline earnings grew by 21.2% to R39.6 million and headline earnings per share by 20.8% to 29.6 cps (2008: 24.5 cps).



Dividend

An interim dividend of 6.0 cps (2008: 5.0 cps) has been declared for the period. This is in line with the group's dividend policy of 3 times cover.



Prospects

The group benefited from a strong performance in the aggregates operations despite tough trading conditions due to the economic downturn. Although prevailing challenging conditions are expected to continue for the remainder of the financial year, Afrimat is well-positioned to weather the ongoing economic downturn as government's commitment to infrastructure investment and housing development continues to stimulate demand for Afrimat's products. This, together with other strategic initiatives, should result in increased volumes.
19 Oct 2009 15:41:46
(Official Notice)
Mrs Phuti Rachel Ethel Tsukudu has been appointed as a non-executive director of Afrimat with immediate effect. 19 October 2009.
13 Oct 2009 10:13:35
(Official Notice)
Shareholders are advised that the company's results for the six months ended 31 August 2009, being earnings and headline earnings per share, are expected to be between 15% and 25% higher than the reported earnings and headline earnings per share for the prior comparative period. The aggregates division experienced significantly improved performance compared to the prior comparative period. Tough trading conditions in the Western Cape persisted, specifically demand for readymix product remained low.



The company's financial results will be released on or about 5 November 2009.
08 Oct 2009 12:48:06
(Official Notice)
In accordance with paragraph 3.59 of the listing requirements of the JSE, shareholders are notified that Lourens Petrus Korsten has been appointed as a non executive director of Afrimat with immediate effect.
31 Aug 2009 17:37:44
(Official Notice)
Reflecting Afrimat's commitment to transformation, the company has facilitated the acquisition of 22 700 000 Afrimat ordinary shares by the Afrimat BEE Trust ("the Trust"). Afrimat Empowerment Investments (Pty) Ltd ("AEI"), an entity owned entirely by the Trust, has entered into an agreement to acquire 13 200 000 Shares, previously held by BEE shareholders, for a consideration of R35 904 000 (R2.72 per Share), and has subscribed for 9 500 000 new shares for a consideration of R27 075 000 (R2.85 per Share) (collectively "the transaction"). Afrimat has facilitated the transaction through the subscription of 1000 Redeemable Cumulative Participating Preference Shares in AEI ("pref shares") for a total subscription price of R63 985 805. The pref shares will carry a coupon equivalent to 70% of the prime lending rate. Afrimat intends to repurchase Shares in order to reduce the dilutionary impact of the new Shares being issued to AEI. To date 1 732 538 Shares have been repurchased and further shares will be repurchased when surplus cash is available. In addition, pursuant to the transaction black ownership in Afrimat will equate to 26.1%, achieving the Mining Charter's requirement of 26% black ownership well in advance of the 2014 deadline. This will help ensure both the retention of existing mining rights as well as the granting of new mining rights which are integral to the success of the company.
19 Aug 2009 13:35:13
(Official Notice)
Shareholders are advised that Mr Monty Kaplan has retired from the board of Afrimat effective 19 August 2009.
11 Aug 2009 10:00:24
(Official Notice)
Afrimat's performance in the year to February 2009 was impacted by slower trade, mainly as a result of the economic downturn, but exacerbated by a number of once-off costs. However, improvement is already evident in the months since year-end. A concerted exercise to focus group activities on public sector infrastructure development is beginning to yield positive results. In addition better operating margins have been achieved due to strict cost control and stability in materials pricing. Further, higher return on net assets and a satisfactory cash situation have strengthened the group's financial position.



Afrimat's strategy to counter the cyclical nature of the industry by expanding into more stable growth nodes has gained momentum over the last 12 months. The group attempts to identify areas of high growth early on, and then establishes a footprint in the region either via acquisition or by organically building capacity. KwaZulu-Natal, Gauteng, Mpumalanga and Limpopo have been targeted over the past year. For further details visit www.afrimat.co.za
29 Jul 2009 15:37:38
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 29 July 2009, the special resolution and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolution granting general authority to the directors to repurchase the company's shares will be lodged for registration with the Registrar of Companies in due course.
01 Jul 2009 15:09:11
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2009 posted on 1 July 2009 are unchanged from the reviewed results which were published in the press on 14 May 2009. Notice is hereby given that the annual general meeting of Afrimat will be held at The Cedar Conference Room, Poplars Restaurant, Racecourse Road, Durbanville on Wednesday, 29 July 2009 at 14:00. The notice of annual general meeting is issued with the annual report.
14 May 2009 08:26:22
(C)
Revenue increased by 12.3% from R611 660 million to R687 091 million in 2009. Gross profit decreased to R161 714 million (2008:R176 303 million) and operating profit decreased to R95 048 million (2008:R137 117 million). Profit attributable to ordinary shareholders decreased to R57 703 million (R94 950 million). Headline earnings on a per share basis decreased to 40.50cps (70.40cps).



Dividends per share

A final dividend of 8.0 cps was declared for the period under review.



Prospects

Government's commitment to infrastructure investment continues to stimulate ongoing demand for Afrimat's products, from which the group expects to derive increased volumes. Business activities in the current year ending 28 February 2010 are expected to improve significantly as large-scale infrastructure projects gather momentum and the benefits of the group's aggressive efficiency improvement programme begin to be realised.
17 Apr 2009 13:13:34
(Official Notice)
Afrimat incurred significant start-up costs in respect of new operations and costs relating to changes in the BEE shareholding structure. Improved results were since achieved in the third quarter of the financial year. However, in the fourth quarter trading conditions deteriorated and certain large scale infrastructure projects were delayed, with off-take only commencing in April 2009. In light of the above, the company's earnings and headline earnings per share for the year ended 28 February 2009 are expected to be between 35% and 45% lower than the reported earnings and headline earnings per share for the prior comparative period. Headline earnings per share excluding the once-off start-up costs and BEE costs above, reflect a lesser decline of between 20% and 30%. Afrimat expects a significant improvement in performance in the financial year ahead as large scale infrastructure projects gather momentum and the benefits of the company's aggressive efficiency improvement programme begin to be realised. The company's annual financial results will be released on or about Thursday, 14 May 2009.
19 Mar 2009 14:31:30
(Official Notice)
Afrimat wishes to advise that it is the intention to repurchase a maximum of 3 million ordinary shares during the period 1 March 2009 to 14 May 2009. As previously announced, the intention is to repurchase shares to a maximum of R9 million and repurchases may not be executed at a price greater than 10% above the weighted average of the market value for Afrimat securities for the five business days immediately preceding the date on which transactions are effected.
27 Feb 2009 09:53:50
(Official Notice)
Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2009 and terminates on or about 14 May 2009 when the company is scheduled to publish its year end results. The mandate has been entered into with a single agent who has full discretion in executing the repurchase programme. The intention is to repurchase the company's shares to a maximum value of R9 million. Any purchases will be effected within certain pre-set parameters.
15 Jan 2009 17:45:07
(Official Notice)
Shareholders are advised that Gillian Nonhlanhla Jiyane has resigned as a non-executive director of the company effective 15 January 2009.
30 Oct 2008 07:39:55
(C)
Revenue increased by 16.6% to R328 million (R281.5 million). Operating profit declined by 19.1% to R54.5 million (R67.4 million) and net profit attributable to ordinary shareholders dipped to R34.4 million (R46.3 million). In addition, headline earnings per share fell by 33.6% to 24.5cps (36.9cps).



Dividend

An interim ordinary dividend of 5cps has been declared.



Prospects

Earnings in the second half of the year to February 2009 are expected to reflect the benefits of improved weather conditions in the Western Cape, new operations coming on stream and demand arising from government's infrastructure spending, notwithstanding that the second half of the year is traditionally adversely impacted by the month-long "builders' holiday".
22 Oct 2008 17:06:04
(Official Notice)
Shareholders are referred to the detailed announcement dated 3 July 2008, referring to the introduction of the Mvela Consortium as a black economic empowerment partner to Afrimat. Shareholders are advised that the agreement entered into between Afrimat and the Mvela Consortium giving the Mvela Consortium options to acquire Afrimat shares has been terminated by mutual consent. Following the signing of agreement and the successful completion of the due diligence process, global financial markets have come under extraordinary stress. The recent uncertainty in capital markets has led to an increase in risk premiums, resulting in higher costs of capital. Afrimat's management as well as the Mvela Consortium considered it appropriate to terminate the agreement after careful consideration of the current economic environment. Afrimat will continue to explore methods of increasing its BEE shareholding with the ultimate objective to achieve 26% black ownership prior to 2014, as required by the Mining Charter. Shareholders are advised that a circular will not be posted to shareholders in relation to the issue of options to the Mvela Consortium.
17 Oct 2008 11:31:19
(Official Notice)
During the period under review, Afrimat incurred significant start-up expenses in respect of new operations while revenue in respect of these operations is expected to be generated only in the second half of the year. In addition, transaction costs were incurred relating to changes to the BEE shareholding structure. Further, Afrimat also experienced weak trading conditions in the Western Cape region during the period due to adverse winter weather conditions, delays in municipalities authorising projects and unusually low expenditure on infrastructure budget by provincial government. In light of the above, the company's interim results for the 6 month period ended 31 August 2008, being earnings and headline earnings per share, are expected to be between 25% and 35% lower than the reported earnings and headline earnings per share for the prior comparative period. Headline earnings, after exclusion of the start-up expenses and BEE transaction fees, reflect a lesser decline of between 10% and 20%. The company expects a significant improvement in performance as projects within the Western Cape region regain momentum as anticipated. Further, Afrimat has secured the right to supply aggregates to a number of major large scale projects in other parts of the country, which bodes well for growth. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. The company's interim results will be released on or about Thursday, 30 October 2008.
06 Aug 2008 15:51:51
(Media Comment)
Capitalising on escalating demand in the country for coal, JSE construction materials supplier Afrimat has secured the R90 million contract to supply coarse and fine aggregate for phase 1 of the Medupi coal-fired power station in Lephalale, Limpopo. According to the company, the contract will take the group into new regional territory. At the same time Afrimat has extended its existing foothold in KwaZulu-Natal, where it is the leading supplier of construction materials, through the R9 million acquisition of a quarry and readymix plant in Dundee.
31 Jul 2008 17:58:21
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 30 July 2008, the special resolution and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolution granting general authority to the directors to repurchase the company's shares will be lodged for registration with the Registrar of Companies in due course.
04 Jul 2008 12:32:19
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 29 February 2008 posted on 4 July 2008 are unchanged from the reviewed results which were published in the press on 13 May 2008.



Notice is hereby given that the annual general meeting of Afrimat will be held at The Cedar Conference Room, Poplars Restaurant, Racecourse Road, Durbanville on Wednesday, 30 July 2008 at 14:00. The notice of annual general meeting is issued with the annual report.
03 Jul 2008 17:06:18
(Official Notice)
Afrimat is committed to BEE and as a result has introduced the Mvela Consortium as its BEE partner to achieve its transformation objectives and as Afrimat's strategic partner to assist with the expansion of Afrimat's business in Africa. The Mvela Consortium has secured options to purchase 14 392 575 ordinary shares in the issued share capital of Afrimat from existing BEE shareholders. Upon exercise, it will result in the Mvela Consortium holding 10.8% of the issued ordinary share capital of the company. The Mvela Consortium is in advanced discussions with Kwezi Mining (Pty) Ltd to secure options to purchase 7 852 751 shares held by them, upon exercise, it will result in the Mvela Consortium holding 16.6% of the issued ordinary share capital of the company. Furthermore, the Mvela Consortium is in negotiations with certain existing shareholders to acquire a further interest in the company. In order to provide the Mvela Consortium with an opportunity to increase its holding in Afrimat, Afrimat has entered into an agreement granting the Mvela Consortium options to subscribe for and be issued 13 376 274 ordinary shares over a 3 year period.



A circular to shareholders setting out full details of the Issue and incorporating the notice of the general meeting and form of proxy will be distributed to shareholders in due course.
13 May 2008 08:06:40
(C)
Revenue increased by a substantial 75.2% to R611.7 million (R349 million) and operating profit rose by a phenomenal 96.5% to R137.1 million (R69.8 million) for the year to 29 February 2008. Net profit attributable to ordinary shareholders increased to R95 million (R51.7 million). In addition, headline earnings on a per share basis grew 20.4% to 70.4cps (58.5cps).



Dividend

A final ordinary dividend of 16cps has been declared.



Prospects

Government's and private sector's commitment to infrastructure investment continues to drive significant industry growth, stimulating ongoing strong demand for Afrimat's products. Solid operational infrastructure, further strengthened by recent capacity expansions at strategic sites, and flexibility offered by the group's mobile crushing fleet, position Afrimat to entrench its status as a leading supplier of construction materials across the country and to sustain growth.



Earnings for the current year ending 28 February 2009 are expected to reflect the positive impact of increasing demand, the inclusion for the full 12 months of the acquisitions and expansion into the Gauteng and northern regions.
05 May 2008 16:02:34
(Official Notice)
The company's results for the year ended 29 February 2008, being earnings and headline earnings per share are expected to be between 20% and 25% higher than the reported earnings and headline earnings per share for the prior comparative period.
15-Aug-2018
(X)
Afrimat is a leading black empowered group with its main business and core competence in open pit mining. The group supplies industrial minerals, construction materials and commodities to a range of industries across southern Africa. It is listed in the ?Construction - Building Materials? sector of the JSE Main Board and has been since 2006.



Afrimat primarily engages in open pit mining, processing and the supply of a broad range of industrial minerals and materials to an assortment of industries across southern Africa. In addition, Afrimat supplies related concrete based products.



The group has extensive in-house industry experience, and a stable employee base.


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