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14-Sep-2018
(Official Notice)
The board of directors of the company advised shareholders that Michelle Mynhardt, the Financial Director of the company, will step down with effect from 30 November 2018.



Angela Isbister will take over as acting Financial Director with effect from 1 December 2018. Angela is a qualified Chartered Accountant and an executive director of AME and several companies within the group. She has fulfilled this role for the past 8 years.
23-Aug-2018
(Official Notice)
Shareholders are advised that all the resolutions proposed at the AGM of the company held on Thursday, 23 August 2018 were passed by the requisite majorities of shareholders.
20-Jul-2018
(Official Notice)
Shareholders are advised that the company?s Annual Report incorporating, inter alia, the audited annual financial statements for the year ended 31 March 2018 and a notice of the annual general meeting, has been distributed to shareholders today, 20 July 2018 and is available on the company?s website, www.ame.co.za.



The audited consolidated financial statements contain no modifications to the reviewed results released on SENS on 8 June 2018.



Notice of Annual General Meeting

Notice is hereby given that the nineteenth annual general meeting of shareholders will be held in the boardroom, Block B, Oxford Office Park, No. 5 8 th Street, Houghton Estate, Johannesburg at 10:00 on Thursday, 23 August 2018.



Record Date

The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 17 August 2018. The last day to trade in order to be eligible to vote at the annual general meeting will accordingly be Tuesday, 14 August 2018.
08-Jun-2018
(C)
Revenue for the year went up 10% to R262.5 million (R238.6 million). Operating profit fell 7% to R59.5 million (R64.1 million). Profit attributable to equity holders dipped 10.1% to R43.7 million (R48.6 million). Furthermore, headline earnings per share lowered by 10.8% to 541.5 cents per share (606.9 cents per share).



Dividends

An interim dividend (dividend no twelve) of 100 cents per ordinary share (gross) was declared for the period ended 30 September 2017 (2017:100 cents gross) and paid on 29 January 2018. A final dividend (dividend no thirteen) for the year ended 31 March 2018 of 200 cents per ordinary share (gross) (2017: 250 cents per share gross) is declared.



Prospects

The board expects the trading conditions for the 2019 financial year to remain challenging while turning our two acquisitions around.
07-Jun-2018
(Official Notice)
The board of directors of the company wishes to advise shareholders that Mrs Jeff Edwards and Ms. Kim Thipe have been appointed as independent non-executive directors with effect from 1 July 2018.
16-Mar-2018
(Official Notice)
The board of directors of the company wishes to advise shareholders that Mr. Connie Molusi, an independent non-executive director and the non-executive chairman of the company, has been co- opted as a member of the audit committee as an interim measure. The company is in the process of selecting an additional independent non-executive director to replace Mr. Molusi on the audit committee.

23-Jan-2018
(Official Notice)
The board of directors of the company advises shareholders that Lawrence Tlhabane has resigned as an independent non-executive director of the company (and as a member of the Audit and Social and Ethics Committees) with immediate effect.





27-Nov-2017
(C)
Revenue for the interim period was 2% lower at R117.0 million (R119.4 million) whilst operating profit declined 7% to R22.2 million (R23.9 million). Total comprehensive income attributable to equity holders went down 9% to R16.7 million (R18.4 million). Furthermore, headline earnings per share fell 8% to 208.7 cents per share (226.7 cents per share).



Dividend

The final dividend (dividend number 11) of 250 cents per ordinary share (gross) was declared for the year ended 31 March 2017 (250 cents gross) and paid on 10 July 2017. The interim dividend (dividend number 12) for the period ended 30 September 2017 of 100 cents per ordinary share (gross) (2016: 100 cents per share gross) is proposed.



Company prospects

The board expects the trading conditions for the remaining six months of the year to remain challenging.
23-Aug-2017
(Official Notice)
Shareholders are advised that all the resolutions proposed at the AGM of the company held on Wednesday, 23 August 2017 were passed by the requisite majorities of shareholders.
10-Jul-2017
(Official Notice)
Shareholders are advised that the company?s Annual Report incorporating, inter alia, the audited annual financial statements for the year ended 31 March 2016 and a notice of the annual general meeting, was distributed to shareholders on Friday, 7 July 2017 and is available on the company?s website, www.ame.co.za.



The audited consolidated financial statements contain no modifications to the reviewed results released on SENS on 25 May 2017.



Notice of Annual General Meeting

Notice is hereby given that the nineteenth annual general meeting of shareholders will be held in the boardroom, Block B, Oxford Office Park, No. 5 8th Street, Houghton Estate, Johannesburg at 10:00 on Wednesday, 23 August 2017.



Record Date

The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 18 August 2017. The last day to trade in order to be eligible to vote at the annual general meeting will accordingly be Tuesday, 15 August 2016.
19-Jun-2017
(Official Notice)
Shareholders are referred to the announcement by Moneyweb and AME published on 16 May 2017 to the effect that AME has lodged a firm intention offer with the board of Moneyweb in terms of which AME will offer to acquire 100% of the issued share capital of Moneyweb, other than 1 000 000 shares already held by AME and 1 197 196 treasury shares in Moneyweb, by way of a scheme of arrangement in terms of the Companies Act, 2008 ("the scheme").



Deemed related party transaction

Caxton and CTP Publishers and Printers Ltd. ("Caxton"), the controlling shareholder of Moneyweb, holds 50,72% in Moneyweb. It has provided a written irrevocable undertaking that it will vote in favour of the resolutions required to implement the scheme and that it will accept the share offer contained in the scheme.



The controlling shareholder of Caxton, The Moolman - Coburn Partnership, and its associates, holds 38% of the issued share capital of AME and the company and Caxton are therefore deemed to be related parties in terms of the Listings Requirements of the Johannesburg Stock Exchange ("the Listings Requirements" and "the JSE").

Should the scheme be implemented, AME will acquire the interests of Caxton in Moneyweb and this acquisition is classified in terms of the Listings Requirements as a small related party transaction, which requires the issue of a fairness opinion by an Independent Professional Expert approved by the JSE ("the IPE").



Mazars Corporate Finance (Pty) Ltd. has been appointed as the IPE and it has issued a fairness opinion in this regard which will lie for inspection at the registered office of the company for a period of 28 days from the date of this announcement.



Financial effects of the acquisition of the interests of Caxton in Moneyweb ("the Moneyweb acquisition")

Before the Moneyweb acquisition, Pro forma after the Moneyweb acquisition based on 100% share option selection and Caxton shareholding after the Moneyweb acquisition

Effect on AME

*Total shares in issue before the transaction (excluding treasury shares) - 7 965 150; 8 387 448; 218 627

*Earnings and diluted earnings per share (Cents) - 609.20; 555.9 ; 14.5

*Headline earnings and diluted headline earnings per share (Cents) - 606.90; 553.8; 14.4

*Tangible net asset value (Cents) - 2 397.50; 2 456.1; 64.0

*Net asset value (Cents) - 2 891.20; 3 045.1; 79.4
25-May-2017
(C)
Revenue for the year was recorded at R238.6 million (2016: R238.3 million) and gross profit was R178.9 million (2016: R181.2 million). Operating profit came to R64.1 million (2016: R64.4 million). Total comprehensive income for the year attributable to equity holders of the parent moved slightly to R48.6 million (2016: R48.1 million). Furthermore, headline earnings per share was higher at 606.9 cents per share (2016: 587.6 cents per share).



Declaration of final dividend number 11

The board has declared a final dividend (dividend number 11) of 250.00 cents per ordinary share (gross) for the year ended 31 March 2017. An interim dividend (dividend number 10) of 100 cents per ordinary share (gross) was declared for the period ended 30 September 2016. (2015: 100 cents gross) and paid on 16 January 2017.



Company prospects

The board expects the trading conditions for the 2018 year to remain challenging.

16-May-2017
(Official Notice)
06-Apr-2017
(Official Notice)
Shareholders of the companies are advised that the discussions referred to in the previous joint cautionary announcements issued by the company, the latest of which is dated 22 February 2017, are still continuing.



Shareholders of the companies are accordingly advised to continue to exercise caution in dealing in their shares in the companies until such time as further announcements in this regard are made.
22-Feb-2017
(Official Notice)
Shareholders of the companies are advised that the discussions referred to in the previous joint cautionary announcements issued by the companies, the latest of which is dated 11 January 2017, are still continuing.



Shareholders of the companies are accordingly urged to continue to exercise caution in dealing in their shares in the companies until such time as further announcements in this regard are made.
11-Jan-2017
(Official Notice)
Shareholders of the companies are advised that the discussions referred to in the joint cautionary announcement dated 2 December 2016 are still continuing.



Shareholders of the companies are accordingly urged to continue to exercise caution in dealing in their shares in the companies until such time as further announcements in this regard are made.
01-Dec-2016
(Official Notice)
Shareholders of the companies are advised that AME has lodged non-binding expressions of interest to acquire all of the ordinary shares of Cognition and/or Moneyweb with the respective boards of directors.



Whilst the expressions of interest do not at present constitute an intention to make a firm offer or offers in terms of the Companies Act, 2008 (Act 71 of 2008), shareholders of the companies are urged to exercise caution in dealing in their shares in the companies until such time as further announcements in this regard are made.

24-Nov-2016
(C)
Revenue for the interim period decreased by 3% to R119.40 million (2015: R123 million). Gross profit decreased to R86.8 million (2015: R89.1 million), operating profit declined by 4% to R23.9 million (2015: R25 million), while total comprehensive income attributable to equity holders of the parent came in at R21.8 million (2015: R21.6 million). Furthermore, headline earnings per share decreased by 5% to 226.7cps (2015: 239.2cps).



Dividend

The board has declared an interim dividend (dividend number 10) of 100 cents per ordinary share (gross) for the period ended 30 September 2016.



Prospects

The board expects the trading conditions for the remaining six months of the year to remain challenging.
26-Aug-2016
(Official Notice)
Shareholders are advised that all the resolutions proposed at the AGM of the company held on Thursday, 25 August 2016 were passed by the requisite majorities of shareholders.

24-Jun-2016
(Official Notice)
Shareholders are advised that the company?s Annual Report incorporating, inter alia, the audited annual financial statements for the year ended 31 March 2016 and a notice of the annual general meeting, has been posted to shareholders today, 24 June 2016 and is available on the company?s website, www.ame.co.za. The audited consolidated financial statements contain no modifications to the reviewed results released on SENS on 30 May 2016.



Notice of Annual General Meeting

Notice is hereby given that the eighteenth annual general meeting of shareholders will be held in the boardroom, Block B, Oxford Office Park, No. 5 8th Street, Houghton Estate, Johannesburg at 10:00 on Thursday, 25 August 2016.



Record Date

The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 12 August 2016. The last day to trade in order to be eligible to vote at the annual general meeting will accordingly be Monday, 8 August 2016.
30-May-2016
(C)
Revenue for the year decreased by 6% to R238.3 million (2015: R254.6 million). Gross profit came in at R181.2 million (2015: R193.6 million). Operating profit dropped by 8% to R64.4 million (2015: R70.2 million). Total comprehensive income attributable to equity holders of the parent declined by 3% to R48.1 million (2015: R49.6 million). Furthermore, headline earnings per share were 4% lower at 587.6 cents per share (2015: 612.5 cents per share).



Declaration of final dividend number 9

The board declared a final dividend (dividend number 9) of 250.00 cents per ordinary share (gross) for the year ended 31 March 2016.



Prospects

The board expects the trading conditions for the 2017 year to remain challenging.



26-Nov-2015
(C)
Revenue for the interim period increased by 5% to R123.0 million (2014: R117.1 million). Gross profit rose to R89.1 million (2014: R85.7 million), operating profit declined by 6% to R25.0 million (2014: R26.7 million), while total comprehensive income attributable to equity holders of the parent came in at R19.5 million (2014: R19.4 million). Furthermore, headline earnings per share improved by 1.2% to 239.2cps (2014: 236.3cps).



Declaration of interim dividend no 8

The board has declared an interim dividend (dividend no 8) of 100.00 cents per ordinary share (gross) for the period ended 30 September 2015.



Prospects

The board expects the trading conditions for the remaining six months of the year to remain challenging.
26-Nov-2015
(Official Notice)
Shareholders are advised that Mr. KL (?Lawrence?) Tlhabane, currently an independent non- executive director of the company, will become a member of the Audit and Risk Committee of the company with effect from 26 November 2015.
24-Aug-2015
(Official Notice)
Shareholders are advised that all the resolutions proposed at the AGM of the company held on Friday, 21 August 2015 were passed by the requisite majorities of shareholders.
02-Jul-2015
(Official Notice)
Shareholders are advised that:

- the annual report, incorporating a notice convening the annual general meeting of the company (?the AGM?), was distributed to shareholders on Tuesday, 30 June 2015 and is available on the web-site of the company at www.ame.co.za . There have been no material changes to the financial information published in the reviewed report dated 4 June 2015;

- the AGM will be held at 10:00 on Friday, 21 August 2015 in the boardroom, Block A, Oxford Office Park, No 5, 8th Street, Houghton Estate, Johannesburg;

- the record date for purposes of determining which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 14 August 2015. The last day to trade in order to be eligible to vote at the annual general meeting will not be Friday, 7 August 2015 as indicated in the annual report, but Thursday, 6 August 2015 due to Monday, 10 August 2015 being deemed to be a public holiday.
24-Jun-2015
(Official Notice)
Shareholders are advised that:

* on 19 June 2015 the company repurchased 9 200 ordinary shares (0,1% of the issued share capital), which shares were automatically cancelled upon repurchase and an application for de-listing of the shares will in due course be lodged with the Johannesburg Stock Exchange;

* at the Annual General Meeting of the company held on 29 August 2014, an ordinary resolution was approved by independent shareholders waiving the obligation on Moolman - Coburn Partnership ("the Partnership") and parties acting in concert with the Partnership, which at that time held 2 854 333 ordinary shares (34,98% of the issued share capital excluding treasury shares), to make a mandatory offer to the other shareholders in the event that a repurchase of shares by the company resulted in the shareholding of the Partnership and parties acting in concert with the Partnership breaching the 35% level at which a mandatory offer would in the normal course have been required. No offer will therefore be made to other shareholders; and

* the Partnership and parties acting in concert with the Partnership now hold 35,02% of the issued share capital (excluding treasury shares) of the company.
12-Jun-2015
(Official Notice)
The board of directors of the company wishes to advise shareholders that Wilfred Tshuma has resigned as a director of the company (and as a member of the Audit and Remuneration Committees) with effect from 11 June 2015.
04-Jun-2015
(C)
Revenue for the year jumped 5% to R254.6 million (R242.5 million). Gross profit increased to R193.6 million (R180.2 million). Operating profit rose 16% to R70.2 million (R60.6 million). Total comprehensive income attributable to owners was 16% higher at R49.6million (R42.9 million). In addition, headline earnings shot up 17% to 612.5cps (524.3cps).



Declaration of final dividend no. 7

The board has declared a final dividend (dividend no. 7) of 250.00 cents per ordinary share (gross) for the year ended 31 March 2015.



Prospects

The board is cautiously optimistic that the revenue for the 2016 year will compare favourably with that of this year.
19-May-2015
(Official Notice)
The board of directors of the company wishes to advise shareholders that Valerie Slabbert has resigned as the company secretary and Chrisna Roberts [BCompt (Hons), CA(SA)] has been appointed in that capacity with immediate effect.

27-Nov-2014
(C)
Revenue for the interim period increased by 10% to R117.1 million (2013: R106.5 million). Gross profit rose to R85.7 million (2013: R79.2 million), operating profit grew by 4% to R26.7 million (2013: R25.6 million), while total comprehensive income attributable to equity holders of the parent was 9% to R19.4 million (2013: R17.8 million). Furthermore, headline earnings per share improved by 8.7% to 236.3cps (2013: 217.5cps).



Declaration of interim dividend no 6

The board has declared an interim dividend of 100cps for the period ended 30 September 2014.



Prospects

The board expects the trading conditions for the remaining six months of the year to remain challenging.
29-Aug-2014
(Official Notice)
Shareholders are advised that all the resolutions proposed at the AGM of the company held on Friday, 29 August 2014 were passed by the requisite majorities of shareholders.
30-Jun-2014
(Official Notice)
Shareholders are advised that:

* the annual report, incorporating a notice convening the annual general meeting of the company ("the AGM"), was distributed to shareholders on Friday, 27 June 2014 and is available on the web-site of the company at www.ame.co.za . There have been no material changes to the financial information published in the reviewed report dated 12 June 2014;

* the AGM will be held at 10:00 on Friday, 29 August 2014 in the boardroom, Block B, Oxford Office Park, No 5, 8th Street, Houghton Estate, Johannesburg;

* the record date for purposes of determining which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 22 August 2014. Accordingly, the last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 15 August 2014.
12-Jun-2014
(C)
Revenue for the year jumped 12% to R242.5 million (R216.7 million). Gross profit increased to R180.2 million (R160.6 million). Operating profit rose 13% to R60.6 million (R53.4 million). Total comprehensive income attributable to owners was 13% higher at R42.9 million (R37.9 million). In addition, headline earnings shot up 13% to 524.3cps (463.9cps).



Declaration of final dividend no 5

The board has declared a final dividend (dividend no 5) of 200 cents per ordinary share (gross) for the year ended 31 March 2014.



Prospects

The board is cautiously optimistic that the revenue for the 2015 year will compare favourably with that of the prior year.
22-Nov-2013
(C)
Revenue for the interim period increased by 11% to R106.5 million (2012: R96.3 million). Gross profit rose to R79.2 million (2012: R71.1 million), while total comprehensive income attributable to equity holders of the parent jumped by 13% to R17.8 million (2012: R15.7 million). Furthermore, headline earnings per share grew by 15% to 217.5cps (2012: 189.4cps).



Dividend

The board has declared an interim dividend (dividend no 4) of 100cps for the period ended 30 September 2013.



Prospects

The board is optimistic that the improved results achieved by the group in the first half of the year will be maintained for the financial year.
30-Aug-2013
(Official Notice)
Shareholders are advised that all the resolutions proposed at the AGM of the company held on Friday, 30 August 2013 were passed by the requisite majorities of shareholders.
28-Jun-2013
(Official Notice)
Shareholders are advised that:

*the annual report, incorporating a notice convening the annual general meeting of the company (the AGM), was distributed to shareholders on Friday, 28 June 2013 and is available on the web-site of the company at www.ame.co.za . There have been no changes to the financial information published in the reviewed report dated 14 June 2013, other than a non-material reclassification on the segmental report between company and radio segments. This reclassification does not affect the comprehensive income and is not material.

*the AGM will be held at 10:00 on Friday,30 August 2013 in the boardroom, Block B, Oxford Office Park, No 5, 8th Street, Houghton Estate, Johannesburg;

*the record date for purposes of determining which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 23 August 2013. Accordingly, the last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 16 August 2013.
19-Jun-2013
(Official Notice)
The board of directors of the company wishes to advise shareholders that, in the results released on Friday, 14 June 2013, the word unqualified was erroneously omitted from the sentence regarding review of the results by the auditors.



The sentence concerned should therefore read as follows:

These results have been reviewed by PKF (Jhb) Inc. and their unqualified report is available for inspection at the company's registered office.
14-Jun-2013
(C)
Revenue for the year rose 5% to R216.7 million (R206.1 million) and gross profit also increased to R160.6 million (R152.0 million). Operating profit grew 7% to R53.4 million (R50.0 million). Total comprehensive income attributable to equity holders was 4% greater at R37.9 million (R36.4 million). In addition, headline earnings were 8% higher at 463.9 cents per share (428.9 cents per share).



Dividend

The board has declared a final dividend (dividend no 3) of 200 cents per share for the year ended 31 March 2013.



Prospects

The new financial year has started on a reasonably positive note and the board is optimistic that the revenue for the 2014 year will compare favourably with that of the prior year.
20-Nov-2012
(C)
Revenue for the interim period ended 30 September 2012 decreased by 9% to R96.3 million (2011: R106 million). Gross profit lowered to R71.1 million (2011: R76.8 million), operating profit dropped by 13% to R21.4 million (2011: R24.8 million), while total comprehensive income attributable to equity holders of the parent was down 5% and came in at R15.7 million (2011: R16.6 million). Furthermore, headline earnings per share fell by 3% to 189.4cps (2011: 195.2cps).



Declaration of interim dividend

The board has declared an interim dividend of 100cps for the period ended 30 September 2012.



Prospects

Even though the group has faced a challenging six months, especially in the national sales market, the board is cautiously optimistic that the results for the year to 31 March 2013 will reflect an improvement over those of the previous year.
01-Oct-2012
(Official Notice)
Shareholders are advised that Navin Sooka, currently a non-executive director of the company, will become an independent non-executive director with effect from 1 October 2012.
12-Sep-2012
(Official Notice)
Shareholders were advised that all the resolutions proposed at the AGM of the company held on Tuesday, 11 September 2012 were passed by the requisite majorities of shareholders.
07-Aug-2012
(Official Notice)
Shareholders are advised that:

* the annual report, incorporating a notice convening the annual general meeting of the company ("the AGM"), was distributed to shareholders on Monday, 6 August 2012 and is available on the web-site of the company at www.ame.co.za. There have been no material changes to the financial information published in the reviewed report dated 7 June 2012;

* the AGM will be held at 10:00 on Tuesday, 11 September 2012 in the boardroom, Block B, Oxford Office Park, No 5, 8 Street, Houghton Estate, Johannesburg;

* the record date for purposes of determining which shareholders are entitled to participate in and vote at the annual general meeting is Tuesday, 4 September 2012. Accordingly, the last day to trade in order to be eligible to vote at the annual general meeting will be Tuesday, 28 August 2012.
12-Jun-2012
(Official Notice)
The attention of shareholders is drawn to the fact that the reviewed results did not contain the review conclusion by the auditors and are advised that the review was unqualified.
07-Jun-2012
(C)
Revenue for the year ended 31 March 2012 increased by 16% to R206.1 million (2011: R177.4 million). Gross profit rose to R152 million (2011: R122.7 million), operating profit jumped by 37% to R50 million (2011: R36.6 million), while profit attributable to equity holders of the parent soared by 39% to R36.4 million (2011: R26.2 million). Furthermore, headline earnings per share rocketed by 38% to 428.9cps (2011: 310.3cps).



Dividends

The board believes that the group is well-positioned to acquire further radio interests and consequently no dividend has been proposed (2011: Nil per share).



Prospects

The new financial year has started on a reasonably positive note and the board is optimistic that the revenues for the 2013 year will compare favourably with those of the prior year.
30-May-2012
(Official Notice)
The directors of AME advised shareholders that it is anticipated that the headline earnings and earnings per share for the financial year ended 31 March 2012 will be between 35% and 45% higher than those for the previous financial year.
03-Apr-2012
(Official Notice)
The board of directors of the company advised shareholders that, with effect from 30 March 2012, Michelle Mynhardt has resigned as the company secretary and Valerie-Joan Slabbert has been appointed in that capacity.
02-Mar-2012
(Official Notice)
A general authority for AME to repurchase its ordinary shares was granted at the annual general meeting of the company held on 31 October 2011 ("the general authority"). A maximum of 1 707 862 ordinary shares (20%) could be acquired in terms of the general authority.



Implementation

AME has in terms of the general authority acquired in the open market 330 000 ordinary shares (3,86% of its issued share capital) for a consideration of R16 830 000 (5 100 cents per share) ("the repurchase"). The repurchase was effected on 28 February 2012. In terms of the general authority, AME is entitled to repurchase a further 1 377 862 ordinary shares (16.14% of its issued share capital) during the current financial year. 27 597 ordinary shares will be held in treasury, before and after the repurchase.



Source of funds

The repurchase was funded from existing cash resources.



Opinion of the directors

The directors of AME have considered the impact of the repurchase and are of the opinion that, for a period of twelve months from the date of this announcement:

* AME and the group will be able in the ordinary course of business to pay their debts;

* the assets of AME and the group will be in excess of the liabilities of the company and the group, recognised and measured in accordance with the accounting policies used in the audited group annual financial statements for the year ended 31 March 2011;

* the share capital and reserves of AME and the group will be adequate for ordinary business purposes;

* the working capital of AME and the group will be adequate for ordinary business purposes.



Financial effect

Before - after:

* Headline earnings per share (cents): 195.2 - 199.5

* Earnings per share (cents): 195.2 - 199.5

* Net asset value per share (cents): 1 684.2 - 1 541.9



Listing on the JSE

The shares repurchased will be cancelled with immediate effect and application for the de-listing of such shares will be made to the JSE. It is anticipated that their listing on the JSE will be terminated on 16 March 2012.
17-Nov-2011
(C)
Revenue increased by 21% to R106 million (R87.4 million) and gross profit rose to R76.8 million (R62.1 million). Operating profit was up by 39% to R24.8 million (R17.7 million), while total profit attributable to ordinary shareholders of the company grew to R16.6 million (R11.9 million). Headline earnings per share strengthened to 195.2cps (141.3cps).



Dividend

No dividend has been declared.



Prospects

If the current trading conditions persist, the board remains confident of the continued success of the group for the remainder of the year.



01-Nov-2011
(Official Notice)
Shareholders are advised that all the resolutions proposed at the AGM of the company held on Monday, 31 October 2011 were passed by the requisite majorities of shareholders.
03-Oct-2011
(Official Notice)
Shareholders were advised that:

*the annual report, incorporating a notice convening the annual general meeting of the company ("the AGM"), was posted to shareholders on Friday, 30 September 2011 and is available on the web-sites of the company at www.ame.co.za and the Johannesburg Stock Exchange at www.jse.co.za. There have been no material changes to the financial information published in the provisional report dated 2 June 2011;

*the AGM will be held at 10:00 on Monday, 31 October 2011 in the boardroom, Block A, Oxford Office Park, No 5, 8th Street, Houghton Estate, Johannesburg.

*the record date for purposes of determining which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 28 October 2011. Accordingly, the last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 21 October 2011.
01-Aug-2011
(Official Notice)
Shareholders were advised that Mr Kuamanyane Lawrence Dube has been appointed as an independent non-executive director of the company with effect from 1 August 2011.
02-Jun-2011
(C)
Revenue improved by 12% to R177.4 million (R158.4 million) and gross profit strengthened to R122.7 million (R111.7 million). Operating profit increased by 1% to R36.6 million (R36.1 million), while net profit attributable to ordinary equity holders grew to R26.2 million (R21.4 million) and headline earnings per share showed a 16% increment to 310.3cps (266.8cps).



Dividend

No dividend has been proposed for the period under review.



Prospects

The new financial year has started on a positive note and the board is optimistic that the earnings for the 2012 year will compare favourably with those of the prior year.
19 Nov 2010 17:47:29
(C)
Revenue for the interim period rose by 16% to R87.4 million (2009: R75.2 million). Gross profit increased to R62.1 million (2009: R54 million), while operating profit improved by 14% to R17.7 million (2009: R15.6 million). Equity holders of the parent climbed by 17% to R11.9 million (2009: R10.2 million). Furthermore, headline earnings per share strengthened by 19% to 141.3cps 119.1cps.



Dividend

No dividend was declared.



Prospects

The board is cautiously optimistic that the growth in earnings will be maintained for the remainder of the year.
18 Oct 2010 12:48:51
(Official Notice)
Shareholders are advised that the annual report, incorporating a notice convening the annual general meeting of the company ("the AGM"), was posted to shareholders on 30 September 2010. There have been no material changes to the financial information published in the provisional report dated 31 May 2010. The AGM will be held at 10:00 on Friday 22 October 2010 in the boardroom, Block A, Oxford Office Park, No 5, 8th Street, Houghton Estate, Johannesburg.
31 Aug 2010 11:25:42
(Official Notice)
Shareholders are advised that Angela J Davies has been appointed as an executive director of the company with effect from 1 September 2010.
30 Jul 2010 11:28:39
(Official Notice)
The board of directors of AME advised shareholders that the company has reached agreement in terms of which it will acquire the Kaya interest from The Moolman - Coburn Partnership ("the seller" and "the acquisition"). During December 2009 the seller acquired the Kaya interest, via the acquisition of a 100% economic interest in an intermediate holding company, as it was aware of the continued interest of the company in Kaya FM. AME has offered to acquire the Kaya interest and the seller has accepted such offer.



Details of the acquisition

AME will acquire the Kaya interest with effect from 1 July 2010 for an amount of R6.0 million, payable in cash against delivery of the relevant documents of title to the company.



Related party transaction

As the seller is a material shareholder in the company, the acquisition is classified as a small related party transaction in terms of the listings requirements of the Johannesburg Stock Exchange ("the JSE") and accordingly requires confirmation from an independent professional expert ("the IPE") that the terms of the acquisition are fair as far as the shareholders of the company are concerned. PKF Corporate Finance (Pty) Ltd has been appointed as the IPE and has provided the JSE with written confirmation to the above effect. Its report will lie for inspection at the registered office of AME for a period of 28 days from the date of this announcement.



Condition precedent

The acquisition is subject only to delivery of the relevant documents of title in respect of the Kaya interest to the company.
07 Jun 2010 08:44:15
(Official Notice)
Shareholders are advised that Michelle Mynhardt CA (SA) has been appointed as the financial director of the company with effect from 1 June 2010.
28 May 2010 16:16:20
(C)
Revenue amounted to R158.4 million and operating profit was R36.1 million. Net attributable profit came to R21.4 million. In addition, headline earnings on a per share basis of 266.6 was recorded. Note that these results are the first full-year results since AME changed its year-end to March are thus not comparable to the prior results for the seventeen months to 31 March 2009.



Dividend

A dividend of R2.00 per share (2009: R2.00) was declared in respect of the year under review and was paid to equity holders of the parent registered on 9 April 2010.



Outlook

The board is of the view that the World Cup will provide some additional opportunities and is cautiously optimistic about the results for the year ahead.
29 Apr 2010 08:43:37
(Official Notice)
The board of directors of the company regrets to advise that Mr. Zenwill Lacob, a long-standing director of and advisor to the company passed away on Thursday, 22 April.
21 Apr 2010 10:47:04
(Official Notice)
Shareholders are advised that all the cheques issued in settlement of special dividend number three have been stopped by the issuer as a series of fraudulent cheques was discovered. Shareholders in possession of unpaid cheques should contact either Charmaine Jacobs at Computershare on 011-370-5000 or Michelle Mynhardt at AME on 011-442-0865 in order to make arrangements for payment.
26 Feb 2010 17:21:15
(Official Notice)
Notice is hereby given that special dividend No. 3 of 200 cps has been declared in respect of the financial year ending 31 March 2010. The reason for the divided is that AME has surplus cash at its disposal.



The salient dates of the declaration are as follows:

*Last day to trade in order to be eligible for the dividend - Wednesday, 31 March 2010

*Shares trade ex-dividend - Thursday, 1 April 2010

*Record date - Friday, 9 April 2010

*Payment made - Monday, 12 April 2010
20 Nov 2009 17:17:08
(C)
Sales revenue for the first six months of the year increased by 3% over the comparative period of the prior year from R73.2 million to R75.2 million. Operating profit declined by 2% to R15.6 million (R16 million). Profit attributable to shareholders amounted to R10.2 million (R10.6 million) with headline earnings per share of 119.1c (123.9cps) decreasing by 4% over the previous period.



Outlook

Given the prevailing weak economic environment and low business confidence the board believes that the trading environment over the next six months will remain challenging.
12 Oct 2009 11:40:23
(Official Notice)
The board of directors of the company wish to advise shareholders that, with effect from 1 October 2009, Navin Sooka has resigned as the company secretary and Michelle Mynhardt (BCompt (Hons), CA(SA)) has been appointed in that capacity.
13 Aug 2009 11:15:42
(Media Comment)
The Financial Mail reported that AME may move to increase its empowerment status. The company is in negotiations to sell an interest in its Algoa radio station to a black company. Chairperson Connie Molusi says that AME was empowered in the past and should be recognised as such always as it was not AME's fault that it lost its BEE partners.
23 Jun 2009 17:03:30
(C)
Due to the change in year end the periods reviewed and audited are not comparable.



Revenue for the period was R216.4 million with a profit of R40.7 million. The group generated R50.9 million in cash from its operating activities during the 17 month period of which R8.4 million has been invested in the acquisition of new office premises in Johannesburg and R3.6 million in equipment. After paying tax of R17.9 million and a dividend of R17.3 million, the group ended the year with cash resources of R53.6 million. The profit attributable to ordinary shareholders amounted to R34.4 million with earnings per share of 402.8 cents. Headline earnings per share were 403.2c.



Dividends

A dividend of R2 per share was declared in respect of the period under review and was paid to shareholders registered on 9 April 2009. Cash resources are retained to fund organic growth opportunities that may arise from new primary radio licences.



Prospects

Given the prevailing weak economic environment and low business confidence, the board is of the view that the trading environment over the next twelve months remains challenging.
06 May 2009 08:49:57
(Official Notice)
Linda Thango has resigned as a director of the company with effect from 6 May 2009.
20 Mar 2009 09:17:12
(Official Notice)
Notice is hereby given that a special dividend of 200 cps has been declared in respect of the 17 months ended 31 March 2009. The reason for the dividend is that AME has surplus cash at its disposal. The salient dates of the declaration are as follows:

Last day to trade in order to be eligible for the dividend -Thursday, 2 April 2009

Shares trade ex-dividend - Friday, 3 April 2009

Record date - Thursday, 9 April 2009

Payment date - Tuesday, 14 April 2009

Shares may not be dematerialised/rematerialised between Friday, 3 April 2009 and Thursday, 9 April 2009, both days inclusive.
06 Feb 2009 17:01:07
(C)
Revenue for the year grew by 9% from R141,1 million to R153,4 million. Margins were maintained at AlgoaFM and OFM, however, lower margins were realised on the new radio stations. Operating expenses increased by 14,1% mainly because additional costs were incurred in setting up a sales infrastructure for Radio Northwest, Capricorn Radio and M-Power Radio. The profit attributable to ordinary shareholders amounted to R24.3 million (2007: R23.8 million) with earnings per share of 284.9c (2007: 279.4c) increasing by 2,0% over the previous period. HEPS were 285.8c (2007: 278.8c) increasing by 2,5% over the previous period.



Dividends

No dividends have been declared in respect of the period under review as the cash resources are retained to fund the possible acquisition of another economic interest in Kaya FM and to fund organic growth opportunities that may arise from new primary radio licenses.



Prospects

Given the prevailing weak economic environment, low business confidence and the high interest rate environment, the board is uncertain about AME's results for the next five months and does not foresee an improvement over the same period in the prior year.
12 Dec 2008 17:22:12
(C)
Revenue for the year grew by 7% from R136.1 million to R145.0 million. Although margins were maintained, operating expenses increased by 11.7% mainly because additional costs were incurred in setting up a sales infrastructure for Radio Northwest, Capricorn Radio and M-Power Radio. The group generated R40.9 million cash from its operations during the year under review of which R7.3 million has been invested in new offices in Johannesburg and R3.3 million in equipment.



Dividends

No dividends have been declared in respect of the period under review as the cash resources are retained to fund the possible acquisition of another economic interest in Kaya FM and to fund organic growth opportunities that may arise from new primary radio licenses.



Prospects

Given the prevailing weak economic environment, low business confidence and the high interest rate environment, the board is uncertain about AME's results for the next five months and does not foresee an improvement over the same period in the prior year.
30 Sep 2008 11:58:26
(Official Notice)
The board of directors of the company wishes to advise shareholders that Navin Sooka has been appointed as a director of the company with effect from Friday 26 September 2008.
19 Sep 2008 08:51:06
(Media Comment)
Business Report noted that AME has made competition law history by appearing before the competition appeal court for a second time to try to block Primedia's bid to acquire 24.9% of Kaya FM. AME has made a bid for that same stake in Kaya FM, but lost to Primedia. AME is arguing that Primedia will engage in anti-competitive market practices.
06 Jun 2008 16:13:16
(C)
Sales revenue for the first six months of the year increased over the previous year by 9% from R61.8 million to R67.2 million with both Algoa FM and OFM exceeding their previous period?s revenue largely through the growth in the non-traditional revenue streams. Listenership at Algoa FM reached a new record of 799 000 while OFM had 525 000 listeners. The profit attributable to shareholders amounted to R12.1 million (2007: R10.4 million) with headline earnings per share of 142.0 cents (2007: 121.7 cents) increasing by 17% over the previous period. The group generated R20.7 million cash from its operations during the period under review of which R7.3 million has been invested in new offices in Johannesburg. After paying the dividend of R17.3 million, the group ended the six months with cash of R25.7 million.



Dividend

No dividend was declared for the period under review.



Prospects

As the year end of AME was changed to 31 March, AME will therefore report its next set of results for the twelve month period to 31 October and then the audited results for the 17 months to 31 March 2009. Notwithstanding the uncertain economic environment, the board is optimistic about AME`s results for the next six months and for the 17 months to 31 March 2009.
14 Apr 2008 14:21:17
(Official Notice)
Shareholders are advised that:

*the annual report, incorporating a notice convening the annual general meeting of the company ("the AGM"), was posted to shareholders on 10 April 2008. There are no material changes to the financial information published in the provisional report dated 25 January 2008;

*the AGM will be held at 10:00 on Wednesday 7 May 2008 in the boardroom, The Borbereki House, 32 St. John Road, Houghton, Johannesburg.
18 Jul 2006 15:56:16
(Official Notice)
Further to the initial cautionary announcement dated 13 July 2005, and those subsequent thereto, shareholders are reminded that, during January 2006, AME increased its offer for Nail's 24.9% interest in Kaya FM by R4 million to R25 million. The board of AME expects a positive response from Nail, since this offer is materially higher than the R19.1 million (15.1c per Nail share) offered by Primedia Ltd. Shareholders should exercise caution in dealing in their shares until a further announcement in this regard is made.
09 Jun 2006 17:08:45
(C)
Sales revenue for the first six months of the year exceeded that of the previous year by 19%, with both Algoa FM and OFM exceeding their budgets as a result of the continued adspend flowing from a buoyant economy. Increases in operating costs at both radio stations have been well contained and these stations are expected to exceed their previous years results. United Stations, the group's sales agency, ended short of its budgeted profit for the half year, but still performed satisfactorily. Radio Heads, the group's new operation, is still in the development stage and consequently incurred operating losses. The profit attributable to shareholders in the first six months amounted to R7.7 million (R6.2 million) with earnings per share of 90.4c (72.3c) increasing by 25% over the previous year. The group generated R8.8 million cash from its operations during the first six months of the year, of which R1.8 million has been invested in new digital studio equipment.



Dividend

In line with the company's policy of conserving cash resources for possible future investments, the board of directors has decided not to recommend an interim dividend.



Prospects

As sales revenue traditionally increases during the second half of the year, the second six months' results are expected to exceed those of the first six months. As detailed in the cautionary announcement dated 31 May 2006, AME remains confident that it will be successful in acquiring the 24.9% interest in Kaya FM from NAIL.
31 May 2006 16:42:13
(Official Notice)
Further to the initial cautionary announcement dated 13 July 2005, and those subsequent thereto, shareholders are reminded that, during January 2006, AME increased its offer for Nail's 24.9% interest in Kaya FM by R4 million to R25 million.



On the basis that:

* this offer is materially higher than the R19.1 million (15.1c per Nail share) that the announcement by Primedia dated 17 December 2004 attributes to Nail's 24.9% interest in Kaya FM; and

* Primedia rejected the conditional approval of the Competition Commission and has referred the matter to the Competition Tribunal;

* the board of AME still expects a positive response from Nail to this increased offer.

Shareholders are accordingly advised to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.
11 Apr 2006 11:17:06
(Official Notice)
Further to the initial cautionary announcement dated 13 July 2005, and those subsequent thereto, shareholders are reminded that, during January 2006, AME increased its offer for Nail's 24.9% interest in Kaya FM by R4 million to R25 million. On the basis that:

* this offer is materially higher than the R19.1 million (15.1c per Nail share) that the announcement by Primedia Ltd ("Primedia") dated 17 December 2004 (of its firm intention to make an offer to acquire all the shares in Nail) attributes to Nail's 24.9% interest in Kaya FM; and

* Primedia's offer has been referred to the Competition Commission; the board of AME still expects a positive response from Nail to this increased offer.

Shareholders are accordingly advised to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.
27 Feb 2006 13:33:27
(Official Notice)
Further to previous cautionary announcements, shareholders are reminded that, during January 2006, AME increased its offer for Nail's 24.9% interest in Kaya FM by R4 million to R25 million. On the basis that:

* this offer is materially higher than the R19.1 million (15.1c per Nail share) that the announcement by Primedia Ltd dated 17 December 2004 (of its firm intention to make an offer to acquire all the shares in Nail) attributes to Nail's 24.9% interest in Kaya FM; and

* Primedia's offer has been referred to the Competition Commission.

The board of AME still expects a positive response from Nail to this increased offer. Shareholders are advised to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.





12 Jan 2006 16:37:24
(Official Notice)
Further to the cautionary announcements dated 13 July 2005, 12 August 2005, 4 October 2005 and 17 November 2005, shareholders are advised that AME has increased its offer for Nails 24.9% interest in Kaya FM by R4 million to R25 million.



On the basis that:

* this offer is materially higher than the R19.1 million (15.1c per Nail share) that the announcement by Primedia dated 17 December 2004 (of its firm intention to make an offer to acquire all the shares in Nail) attributes to Nail's 24.9% interest in Kaya FM; and

* Primedia's offer has been referred to the Competition Commission;

* the board of AME expects a positive response from Nail to this increased offer.

Shareholders are accordingly advised to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.
19 Dec 2005 09:28:56
(C)
Both radio stations, OFM and AlgoaFM, continued to increase their listenership and advertising revenue and United Stations, the group's advertising selling agency produced excellent results for the year. Group revenue for the year increased by 7% to R85.9 million (R80.5 million), whilst margins were maintained and overheads were kept at the same level as 2004. These factors resulted in a 40 % increase in profit after taxation to R16.1 million (R11.5 million) and headline earnings rose by 65% from 99.1cps to 163.3cps. Cash flow available from operations amounted to R13.4 million, most of which was used to finally extinguish the group's legacy debt.



Dividend

Although no dividend is recommended for this year, during the forthcoming year, AME anticipates that it will be in a position to declare a dividend, barring AME availing itself of investment opportunities that may arise from the anticipated relaxation of the radio licence ownership restrictions.
17 Nov 2005 11:22:34
(Official Notice)
Further to the cautionary announcements dated 15 August 2005 and 4 October 2005, shareholders are advised that, on the basis that the company's offer to New Africa Investments Ltd (NAIL) attributes a higher value to Kaya FM than the offer by Primedia Ltd and the fact that the latter offer has been referred to the Competition Commission, the board of AME still expects a positive response from NAIL. Shareholders are accordingly advised to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.
04 Oct 2005 08:35:49
(Official Notice)
Further to the cautionary announcement dated 15 August 2005, shareholders are advised that negotiations are continuing, which, if successfully concluded, may have a material effect on the price at which the company"s shares trade on the JSE. Shareholders are accordingly advised to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.
12 Aug 2005 15:08:42
(Official Notice)
In terms of an announcement released on 13 July 2005, shareholders were advised that:

*AME had offered to acquire from New Africa Investments Ltd its 24.9% shareholding in Kaya FM (Pty) Ltd for an amount of R21m;

*the offer was open for acceptance until 29 July 2005.

Shareholders are advised that the period for acceptance has been extended and they are therefore urged to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.
13 Jul 2005 17:01:47
(Official Notice)
The board of directors of AME wishes to advise shareholders that the company has made an offer to NAIL to purchase all the right, title and interest of NAIL in the issued share capital of Kaya FM (Pty) Ltd (`Kaya`), representing 24.9% of the share capital of Kaya, together with any claims on loan account against Kaya. The offer is open for acceptance by NAIL on or before 29 July 2005. The consideration in terms of the offer amounts to R21m in cash, in respect of which funding arrangements have been concluded. Should the offer be accepted, further details regarding the effect thereof on AME will be published. Shareholders are therefore urged to exercise caution in dealing in their shares until a further announcement in this regard is made.
13 Jun 2005 09:45:57
(Media Comment)
AME`s share price rose 13% on 10 June 2005 after the group reported improved earnings and headline earnings said Business Day.
10 Jun 2005 08:55:29
(C)
Sales revenue of R46.6m (R47.6m) has been static for the first six months of the year, with ALgoaFM ahead of budget and OFM running behind its budget for the year to date. However, costs have been well controlled and both radio stations expect to achieve their budgeted results by the end of the year. The cost-cutting exercises performed at United Stations, the group`s sales agency, during 2004 is now producing the required results and the company is well ahead of its budgeted profit for the year to date. The profit attributable to shareholders in the first six months amounted to R6.2m (R4.1m) and produced earnings of 72.3c (47.8c) and headline earnings from continuing operations of the same amount (29.7c). In line with the board`s policy of building resources for future investment, it has been decided not to recommend an interim dividend.



The accounting policies were changed with effect from November 1 2004 to comply with IFRS. The transition to IFRS is accounted for in accordance with IFRS 1 (First-time Adoption of International Financial Reporting Standards), with November 1 2003 as the date of transition. Comparative numbers have, accordingly, been restated.



Prospects

As sales revenue is not expected to increase significantly in the remainder of the year, the second six month`s results are expected to perform at the same levels as the first six months.
29 Mar 2005 10:39:35
(Official Notice)
The board of directors of AME wishes to announce that the company secretary, Mr Ken Bownass, has resigned. Mr Michael Blakeway has been appointed as company secretary with effect from 23 March 2005.

04 Apr 2006 11:41:09
(X)
AME is a broadcast company listed in the "Media" sector of JSE Ltd.



AME's four subsidiaries are:



United Stations

United Stations is a specialist Radio sales house employing a distinctive method of marketing and selling Radio to maximise the revenue streams of radio stations, while delivering an excellent return on investment to advertisers. United Stations sells advertising, sponsorships and promotions and develops sustainable market driven concepts and Radio properties for a portfolio of stations.



RadioHeads

RadioHeads is a radio advertising specialist that develops creative solutions that meet the objectives of both clients and Radio stations. RadioHeads is dedicated to providing advertisers and agencies with a single point of contact for information, ad rates, ad campaign schedule planning, ad buys, and creative development, reducing transaction time and costs for buyers and sellers of advertising time.



Our sustainable competitive advantage is derived from our proprietary concepts and advertising solutions, that enable our clients to plan, create and buy across every station in the country, from just one phone call.



Algoa FM

Algoa FM is the voice of the Eastern Cape. Broadcasting an Adult Contemporary format ALA FM is the first choice, offering the best mix of our target market's favourite hits. Programming includes newscasts, weather reports, sport, local entertainment information, and community orientated fund raising campaigns. Presented by trusted personalities, ALGOA FM is synonymous with the lifestyle of upper income earners in the Eastern Cape.



OFM

OFM is the number one radio station in Central South Africa. The station serves one of the wealthiest and most loyal audiences in the country. Run by an enthusiastic and experienced team with a passion for radio, OFM is in tune with its listeners' lifestyle. This lifestyle is reflected in a menu of only the best of Adult Contemporary, Golden Oldie and Easy FM sounds designed to deliver an upscale audience between the ages of 25 and 49.


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