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25-Sep-2018
(C)
Revenue for the interim period lowered to R674.7 million (2017: R723.5 million), gross profit increased to R105.3 million (2017: R97.4 million) and profit from operations grew to R8.7 million (2017: R6.4 million). Net loss attributable to equity holders of Andulela narrowed to R9.3 million (2017: loss of R261.2 million). Furthermore, headline loss per share was recorded at 10.68 cents per share (2017: headline loss of 11.85 cents per share).
17-Sep-2018
(Official Notice)
Shareholders are advised that Andulela expects that its loss and diluted loss per share for the six months ended 30 June 2018 will be between 9.59 and 11.50 cents per share, compared to the loss and diluted loss of 297.28 cents per share for the six months ended 30 June 2017, which included an impairment of goodwill of R300 million in respect of that period.



The headline loss and diluted headline loss per share are not expected to differ by more than 20% from the headline and diluted headline loss per share reported for the same period in 2017.



The financial results for the six months ended 30 June 2018 are expected to be released on or about 28 September 2018.
30-Jul-2018
(Official Notice)
The Board of Andulela advised all shareholders that the Company has transferred responsibility of Transfer Secretarial services to 4 Africa Exchange Registry (Pty) Ltd., with effect from 01 August 2018.
18-Jun-2018
(Official Notice)
Andulela shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Monday, 18 June 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.
29-May-2018
(Official Notice)
The Company would like to notify shareholders that the address where the Annual General Meeting (?AGM?) will be held has changed. The AGM will be held at 10 Sloane Street Bryanston, Johannesburg at 09:00 on Monday, 18 June 2018.
26-Mar-2018
(C)
Revenue for the year rose to R1.4 billion (R1.3 billion). Gross profit rose to R217.1 million (R215.2 million). Net loss attributable to equity holders widened to R260 million (loss of R55.3 million). In addition, headline loss per share was recorded at 10.59cps (headline loss per share of 4.02cps).



Notice of annual general meeting

The integrated annual report contains a notice of annual general meeting which will be held at the offices of Andulela, 10 Sloane Street, Bryanston on Monday, 18 June 2018 at 09h00. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 5 June 2018 and the record date for voting purposes is Friday, 8 June 2018. The annual report including the notice of the annual general meeting will be distributed to shareholders and will be available on the Company's website, www.andulelaholdings.com, by Friday, 30 March 2018.



16-Mar-2018
(Official Notice)
In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.



Accordingly, shareholders are advised that Andulela expects that its headline loss for the year ended 31 December 2017 will be between 8.70 and 10.45 cents per share, compared to its headline loss of 4.02 cents per share for the year ended 31 December 2016. The loss per share for the year ended 31 December 2017 will be between 290 and 300 cents per share as a result of the impairment of goodwill of R300 million during the current year, compared to the loss and diluted loss of 63.12 cents per share for the year ended 31 December 2016.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors. The financial results for the year ended 31 December 2017 are expected to be released on or about 29 March 2018.
02-Feb-2018
(Official Notice)
The board of directors of Andulela advises shareholders that the company has appointed Bridge Capital Advisors (Pty) Ltd. as sponsor to the company, replacing Java Capital Trustees and Sponsors (Pty) Ltd., with effect from 5 February 2018.



06-Oct-2017
(C)
Revenue for the interim period grew to R723.5 million (2016: R619.5 million). Gross profit lowered to R97.4 million (2015: R119.5 million) and profit from operations dipped to R4.1 million (2016: R22.0 million). Net loss attributable to equity holders of Andulela was recorded at R260.9 million (2016: profit of R5.2 million). Furthermore, headline loss per share was 11.52 cents per share (2016: earnings of 5.98 cents per share).

28-Sep-2017
(Official Notice)
Shareholders are referred to the trading statement published on SENS on 18 August 2017, wherein the company noted that it expected a loss per share and headline loss per share for the six months ended 30 June 2017, compared to the earnings per share and headline earnings per share of 5.84 cents for the six months ended30 June 2016,and that an updated trading statement on the expected range of the loss per share and headline loss per share would be provided, as soon as the company had a reasonable degree of certainty on the financial results for the six months ended 30 June 2017 .



Accordingly, shareholders are advised that Andulela expects that its loss per share and diluted loss per share for the six months ended 30 June 2017 will be between 270.85 cents per share and 325.02 cents per share. The main contributor to the loss is the impairment of the goodwill on the tailing treatment operations.



Andulela also expects that its headline loss per share and diluted headline loss per share for the six months ended 30 June 2017 will be between 10.37 cents per share and 12.44 cents per share.



Andulela?s unaudited condensed consolidated interim financial statements for the six months ended 30 June 2017 are expected to be released on or about 29 September 2017.
18-Aug-2017
(Official Notice)
Shareholders are advised that Andulela expects to report a loss and headline loss per share for the six months ended 30 June 2017, compared to an earnings and headline earnings per share of 5.84 cents for the six months ended 30 June 2016.



Tougher market conditions in the platinum and steel industries in which the group operates and the volatility and overall adverse movements of the respective commodity prices and exchange rates are the main contributors to the negative results of the group for the period under review.



An updated trading statement will be released as soon as management has a reasonable degree of certainty of the results for the period under review.



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



Andulela?s unaudited condensed consolidated interim financial statements for the six months ended 30 June 2017 are expected to be released on or about 29 September 2017.



15-Jun-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 15 June 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 27 March 2017), all of the resolutions tabled thereat were passed by the requisite majority of Andulela shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Andulela shares that could have been voted at the annual general meeting: 87 644 836.

*total number of Andulela shares that were present/represented at the annual general meeting: 84 917 336 being 96.89% of the total number of Andulela shares that could have been voted at the annual general meeting.



27-Mar-2017
(C)
Revenue for the year increased to R1.278 billion (2015: R1.133 billion), gross profit rose to R215.2 million (2015: R171.8 million), net loss attributable to equity holders of Andulela widened to R55.3 million (2015: loss of R21.3 million), but headline loss per ordinary share narrowed to 4.02 cents per share (2015: loss of 17.63 cents per share).



Notice of annual general meeting

The integrated annual report contains a notice of annual general meeting which will be held at the offices of Andulela, 10 Sloane Street, Bryanston on Thursday, 15 June 2017 at 09h30. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 6 June 2017 and the record date for voting purposes is Friday, 9 June 2017. The integrated annual report including the notice of the annual general meeting will be distributed to shareholders and will be available on the Company's website, www.andulelaholdings.com, on Friday, 31 March 2017.
16-Mar-2017
(Official Notice)
Accordingly, shareholders are advised that Andulela expects that its headline loss and diluted headline loss for the year ended 31 December 2016 will be between 3.62 cents per share and 4.34 cents per share, being an improvement of between 79% and 75% as compared to its headline loss and diluted headline loss of 17.63 cents per share for the year ended 31 December 2015.



The loss per share and diluted loss per share for the year ended 31 December 2016 will be between 60 cents per share and 64.5 cents per share, as a result of the impairment of goodwill in the current year. This represents an increase of between 147% and 166% as compared to the loss and diluted loss of 24.28 cents per share for the year ended 31 December 2015.



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



The financial results for the year ended 31 December 2016 are expected to be released on or about 31 March 2017.

28-Sep-2016
(C)
Revenue for the period increased to R619.5 million (2015: R510.3 million). Gross profit rose to R119.5 million (2015: R76.5 million), net profit attributable to holders of the parent came to R5.1 million (2015: loss of R13.6 million), while headline earnings per share came in at 5.84cps (2015: headline loss of 15.53cps).
26-Sep-2016
(Official Notice)
Accordingly, shareholders are advised that Andulela expects that its earnings and diluted earnings for the six months ended 30 June 2016 will be between 5.25 cents per share and 6.31 cents per share, compared to its loss and diluted loss of 15.53 cents per share for the six months ended 30 June 2015.



Andulela also expects that its headline earnings and diluted headline earnings for the six months ended 30 June 2016 will be between 5.25 cents per share and 6.31 cents per share, compared to its headline loss and diluted headline loss of 15.53 cents per share for the six months ended 30 June 2015.



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



Andulela?s unaudited condensed consolidated interim financial statements for the six months ended 30 June 2016 are expected to be released on or about 28 September 2016.











15-Jul-2016
(Official Notice)
Shareholders are advised that Trifecta Capital Services (Pty) Ltd (?Trifecta Capital?) will replace Link Market Services (Pty) Ltd as transfer secretary to Andulela, with effect from 1 August 2016.
13-May-2016
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Friday, 13 May 2016 (in terms of the notice of annual general meeting dispatched to shareholders on 29 March 2016), all of the resolutions tabled thereat were passed by the requisite majority of Andulela shareholders.
29-Mar-2016
(C)
Revenue for the year rose to R1.133 billion (R1.095 billion). Profit from operations before impairment/scrapping of plant and equipment came in at R5.6 million (loss of R6.2 million). Net loss attributable to equity holders improved to R21.6 million (loss of R23.6 million). In addition, headline loss per share narrowed to 18.03cps (loss of 22.74cps).



Notice of annual general meeting

The integrated annual report contains a notice of annual general meeting which will be held at the offices of Andulela, Moti Group Office Block, 108 4th Street, Parkmore, Sandton on Friday, 13 May 2016 at 10h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 29 April 2016 and the record date for voting purposes is Friday, 6 May 2016. The integrated annual report including the notice of the annual general meeting is also available on the company's website at www.andulelaholdings.com.
14-Mar-2016
(Official Notice)
Accordingly, shareholders are advised that Andulela expects that its headline loss and diluted headline loss for the year ended 31 December 2015 will be between 16.19 cents per share and 19.43 cents per share, being an improvement of between 29% and 15% as compared to its headline loss and diluted headline loss of 22.74 cents per share for the year ended 31 December 2014.



The loss per share and diluted loss per share are expected to be within the 20% range as compared to the loss and diluted loss of 26.96 cents per share reported for the year ended 31 December 2014.



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



The financial results for the year ended 31 December 2015 are expected to be released on or about 31 March 2016.



09-Mar-2016
(Official Notice)
Shareholders are advised that Mrs Humeira Kazi has resigned as company secretary of Andulela with effect from 7 March 2016 and Ms Gillian Miller has been appointed in this role effective 8 March 2016.
23-Sep-2015
(Official Notice)
Shareholders are advised that Pieter de Jager has tendered his resignation as the Chief Financial Officer of Andulela with effect from 1 October 2015 in order to pursue another opportunity.



Mr Henk Engelbrecht has been appointed as the new Chief Financial Officer and executive director of the company with effect from 1 October 2015.
21-Sep-2015
(C)
Revenue for the period increased to R510.3 million (2014: R481.1 million). Gross profit rose to R76.5 million (2014: R68.5 million), net loss attributable to holders of the parent narrowed to R14 million (2014: loss of R20.4 million), while headline loss per share came in at 15.53cps (2014: loss of 21.67cps).
16-Sep-2015
(Official Notice)
Shareholders are advised that Andulela expects that its loss and diluted loss for the six months ended 30 June 2015 will be between 14.50 cents per share and 16.50 cents per share, being an improvement of between 34% and 25% as compared to its loss and diluted loss of 21.97 cents per share for the six months ended 30 June 2014.



Andulela also expects that its headline loss and diluted headline loss for the six months ended 30 June 2015 will be between 14.50 cents per share and 16.50 cents per share, being an improvement of between 33% and 24% as compared to its headline loss and diluted headline loss of 21.67 cents per share for the six months ended 30 June 2014.



Andulela?s reviewed condensed consolidated interim financial statements for the six months ended 30 June 2015 are expected to be released on or about 22 September 2015.
15-Sep-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 14 February 2012 wherein shareholders were advised that the non-listed redeemable preference shares (the ?preference shares?) issued to Newshelf 1005 Pty Ltd (?Newshelf?) would be redeemed on an orderly basis over a five year period for a redemption amount of R1 250 000 per month, such redemption payments being subject to the Company?s cash flow requirements and the Company?s ability to satisfy the solvency and liquidity test as set out in the Companies Act, 2008; and to the reviewed condensed consolidated interim financial statements for the six months ended 30 June 2014 released on SENS on 23 September 2014 wherein shareholders were advised that Andulela had reached an agreement with Newshelf to temporarily suspend the preference share capital and dividend payments from May 2014 until such time as Kilken Platinum Proprietary Limited has reached normal production levels.



Shareholders are advised that Andulela and Newshelf have agreed that the redemption of preference shares will be suspended for a further period up to 31 December 2016 (?suspension period?). Andulela shall be entitled during the suspension period to accelerate the redemption of some or all of the preference shares having regard to the Company?s cash flow requirements as well as the Company?s ability to satisfy the solvency and liquidity test as set out in the Companies Act, 2008.
14-Aug-2015
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Friday, 14 August 2015 (in terms of the notice of annual general meeting dispatched to shareholders on 30 June 2015), all of the resolutions tabled thereat were passed by the requisite majority of Andulela shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Andulela shares that could have been voted at the annual general meeting: 87 644 836

*total number of Andulela shares that were present/represented at the annual general meeting: 84 910 669 being 96.88% of the total number of Andulela shares that could have been voted at the annual general meeting
30-Jun-2015
(Official Notice)
Shareholders are advised that Andulela?s integrated annual report, incorporating the audited annual financial statements for the year ended 31 December 2014, was dispatched today and contains no material changes from the reviewed provisional condensed consolidated financial statements for the year ended 31 December 2014 which were released on SENS on 24 March 2015.



The integrated annual report contains a notice of annual general meeting which will be held at the offices of Andulela, Abalengani Office Block, 108 4th Street, Parkmore, Sandton on Friday, 14 August 2015 at 10h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 31 July 2015 and the record date for voting purposes is Friday, 7 August 2015.



The integrated annual report including the notice of the annual general meeting is also available on the company's website at www.andulelaholdings.com.
24-Mar-2015
(C)
Gross revenue for the year increased to R1.095 billion (2013: R902.5 million). Gross profit lowered to R146.7 million (2013: R191.2 million), net loss came in at R25.9 million (2013: profit of R9.8 million), while headline loss per ordinary share was 22,74cps (2013: earnings of 7.07cps).
20-Mar-2015
(Official Notice)
Shareholders are advised that Andulela expects that its loss and diluted loss for the year ended 31 December 2014 will be between 25 cents per share and 29 cents per share, being between 434% and 488% lower than its earnings and diluted earnings of 7.48 cents per share for the year ended 31 December 2013. Andulela also expects that its headline loss and diluted headline loss for the year ended 31 December 2014 will be between 21 cents per share and 25 cents per share, being between 397% and 454% lower, than its headline earnings and diluted headline earnings of 7.07 cents per share for the year ended 31 December 2013. The weaker results expected for the 2014 financial year were predominantly the result of the extended platinum sector strike during which the Platinum Group Metals tailings retreatment operation of Kilken Platinum (Pty) Ltd posted its first ever trading loss since its acquisition by Andulela in 2008.



The platinum sector strike was resolved by the end of June 2014 and production started up again in July 2014. Management anticipate a steady recovery back to the pre-strike production output levels in the near future. The steel processing operations of Pro Roof Steel Merchants (Pty) Ltd also experienced a one month strike in the steel and engineering sector during 2014 which contributed to the weaker results compared to the prior year. The financial information on which this trading statement is based has not been reviewed or reported on by Andulela?s auditors. Andulela?s reviewed provisional results for the year ended 31 December 2014 are expected to be released by no later than 31 March 2015.
06-Oct-2014
(Official Notice)
Shareholders are advised that, with effect from 1 October 2014, Brian William Smith has been appointed as an independent non-executive director to the board of directors of Andulela (the "board"). Brian has also been appointed Chairman of the Audit, Risk and Compliance Committee as well as Chairman of the Remuneration Committee in place of Graham Rosenthal, who has retired from the board, with effect from 30 September 2014.
23-Sep-2014
(C)
19-Sep-2014
(Official Notice)
Shareholders are advised that for the six months ended 30 June 2014 the company expects that its basic loss per share and headline loss per share will be between 20 cents and 24 cents, compared to its basic earnings per share and headline earnings per share of 3.69 cents and 3.39 cents respectively for the six months ended 30 June 2013.



The weaker results expected for the first six months of the current financial year were predominantly the result of the extended platinum sector strike during which the Platinum Group Metals tailings retreatment operation of Kilken Platinum (Pty) Ltd. posted its first ever trading loss since its acquisition by Andulela in 2008. The strike was resolved by the end of June 2014 and production started up again in July 2014. The board of directors are confident of a steady recovery back to the pre-strike levels of production in the near future.



Andulela's interim results for the six months ended 30 June 2014 are expected to be released by no later than 30 September 2014.
14-Aug-2014
(Official Notice)
Shareholders are advised that at the annual general meeting of the company held on Wednesday, 13 August 2014 (convened in terms of the notice of annual general meeting contained in and circulated with the Andulela integrated annual report issued on 30 June 2014), all of the resolutions tabled thereat were approved by the requisite majority of Andulela shareholders.
30-Jun-2014
(Official Notice)
Shareholders are advised that Andulela's integrated annual report, incorporating the audited annual financial statements for the year ended 31 December 2013, was dispatched to shareholders on Monday, 30 June 2014.



AGM notice

The integrated annual report contains a notice of annual general meeting for shareholders of the Company, which annual general meeting will be held at 11h00 on Wednesday, 13 August 2014, in the Auditorium, Abalengani Office Block, 108 4th Street, Parkmore, Sandton.



Change statement

The Company's integrated annual report contains immaterial changes to certain information contained in the reviewed provisional condensed consolidated financial results for the year ended 31 December 2013 (the "financial results"), which financial results were announced on SENS on 31 March 2014. The changes do not have any impact on Andulela's earnings per share, headline earnings per share or net asset value per share.



In April 2012 Pro Roof Steel Merchants (VRN) (Pty) Ltd. ("PRSM (VRN)") entered into an agreement with Thunder Rate Investments (Pty) Ltd. ("TRI") in terms of which the latter would finance the acquisition of plant and equipment by PRSM (VRN) on loan. The loan is interest free and repayable on demand. TRI entered into an agreement with PRSM (VRN) in March 2013 in terms of which it assumed debt owing to PRSM (VRN) by a related party, which debt bears interest at the prime overdraft rate and became payable by 20 December 2013. As the outstanding balance was not settled in terms of the agreement, automatic set-off of the amount payable by TRI to PRSM (VRN) against the amount owed by PRSM (VRN) to TRI came into effect by operation of law. As a consequence the amount owed by TRI to PRSM (VRN) was not settled separately from the loan from TRI to PRSM (VRN).
26-Jun-2014
(Official Notice)
Shareholders are advised that Naeem Hadjee has been appointed as a non-executive director and as a member of the Audit, Risk and Compliance Committee with effect from 1 July 2014.
03-Jun-2014
(Official Notice)
Shareholders are referred to the company's provisional results announcement for the year ended 31 December 2013 released on SENS on 31 March 2014, wherein the company mentioned that the Kilken Platinum (Pty) Ltd. ("Killen") operations would be affected by the strike in the platinum industry. Kilken receives its tailings feed directly from the Amandelbult mine in Limpopo and the protracted strike in the platinum industry resulted in a significant decrease in Kilken?s production since the strike commenced on 23 January 2014.



Accordingly, shareholders are advised that for the six months ending 30 June 2014 the company expects to be severely affected by the strike and expects that its basic earnings per share ("EPS") and its headline earnings per share ("HEPS") will decline by more than 20% compared to EPS and HEPS for the six months ending 30 June 2013 ("the comparable period").



There is not a reasonable degree of certainty, at this stage, as to the range by which the EPS and HEPS will be lower than the EPS and HEPS for the comparable period. An updated trading statement will be released as soon a reasonable degree of certainty is obtained.
02-Jun-2014
(Official Notice)
Shareholders are referred to the SENS announcement dated 28 May 2014 and are advised that Mr Pieter de Jager has been appointed as the Chief Financial Officer and executive director of the company with effect from 1 July 2014. Pieter has previously been the Chief Financial Officer of Andulela until June 2013 and has since then served as a non-executive director of the board.



Furthermore, shareholders are advised that due to other commitments, Ms Nosipho Molope has resigned as a non-executive director of Andulela with effect from 30 May 2014. The board wishes to thank Nosipho for her valuable contribution during the time that she served on the board.

28-May-2014
(Official Notice)
Shareholders are advised that Mr Henk Engelbrecht has resigned as Chief Financial Officer of the company with effect from 30 June 2014.



The company is in the process of appointing a Chief Financial Officer and will revert to shareholders in due course.
31-Mar-2014
(C)
Revenue for the year decreased to R902.5 million (R1.5 billion) and gross profit rose slightly to R191.2 million (R190.9 million). Profit from operations jumped to R40.7 million (R26.2 million). Net profit attributable to equity holders was R6.6 million (loss of R53.2 million). In addition, headline earnings per share were 7.07cps (loss of 4.63cps).
24-Mar-2014
(Official Notice)
Shareholders are advised that for the year ended 31 December 2013 the company expects that its basic earnings per share will be between 6.81 cents and 8.17 cents, and its headline earnings per share will be between 6.44 cents and 7.72 cents, compared to its basic loss per share of 60.80 cents and its headline loss per share of 4.63 cents for the year ended 31 December 2012.



Andulela's final results for the year ended 31 December 2013 are expected to be released on or about 31 March 2014.
06-Mar-2014
(Official Notice)
13-Feb-2014
(Official Notice)
04-Dec-2013
(Official Notice)
Shareholders are referred to the cautionary announcement dated 18 September 2013 and the renewal of cautionary announcement dated 30 October 2013, and are advised that as the details of the transaction referred to above have been announced to Andulela shareholders, caution is no longer required to be exercised by shareholders when dealing in their Andulela shares.
04-Dec-2013
(Official Notice)
30-Oct-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on 18 September 2013 in relation to the proposed disposal of the company's interest in Pro Roof Steel Merchants (Pty) Ltd. and are advised that negotiations in relation to the disposal are still in progress. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
23-Sep-2013
(C)
Gross revenue declined to R426.2 million (R693.7 million). Gross profit increased to R108.1 million (R82.3 million). Profit from operations soared to R20.9 million (R1 million). A net attributable profit of R3.2 million (loss of R8.4 million). In addition, headline earnings per share grew to 3.39cps (loss of 9.50cps).



Outlook

As mentioned in the 2012 Integrated Annual Report, management is considering all its options with regard to the operations of PRSM, as it continues to trade below expectations in the current weak market conditions.



Overall the domestic steel market remains weak as a result of the global slowdown and this is expected to continue in the short term and hence impact the local demand for steel and PRSMs sales volumes. The above factors, together with the other operational restructuring initiatives of PRSM, contributed to the decline in overall revenue in the period to June 2013, compared to the same period in 2012.
18-Sep-2013
(Official Notice)
Shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made relating to the disposal of Pro Roof Steel Merchants (Pty) Ltd.
18-Sep-2013
(Official Notice)
Shareholders are advised that Andulela has entered into negotiations for the disposal of the company's interest in Pro Roof Steel Merchants (Pty) Ltd., which if successfully concluded may have a material effect on the price of the company's securities.
16-Sep-2013
(Official Notice)
Shareholders were advised that for the six months ended 30 June 2013 the company expects that its basic earnings per share will be between 3.36 cents and 4.03 cents, and its headline earnings per share will be between 3.06 cents and 3.67 cents, compared to its basic loss per share and headline loss per share of 9.50 cents for the six months ended 30 June 2012.



Andulela's interim results for the six months ended 30 June 2013 are expected to be released on or about 30 September 2013.
07-Aug-2013
(Official Notice)
Shareholders were advised that at the annual general meeting of the company held on Wednesday, 7 August 2013 (convened in terms of the notice of annual general meeting contained in the Andulela integrated annual report issued on 28 June 2013), all of the resolutions tabled thereat were approved by the requisite majority of Andulela shareholders.
28-Jun-2013
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on Thursday, 25 April 2013 and the further cautionary announcement released on SENS on Friday, 7 June 2013 and are advised that negotiations have been terminated and accordingly caution is no longer required to be exercised by shareholders when dealing in the company's securities.
28-Jun-2013
(Official Notice)
Shareholders were advised that Andulela's integrated annual report, incorporating the audited annual financial statements, for the year ended 31 December 2012, was dispatched today Friday, 28 June 2013, and contains no material changes from the reviewed provisional results which were released on SENS on 26 March 2013.



The integrated annual report contains a notice of annual general meeting which will be held at 11h00 on Wednesday, 7 August 2013 at the offices of Andulela, Abalengani Office Block, 108 4th Street, Parkmore, Sandton.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 26 July 2013 and the record date for voting purposes is Friday, 2 August 2013.



The integrated annual report is also available on the company's website at http://www.andulelaholdings.com.
07-Jun-2013
(Official Notice)
Shareholders are referred to the previous cautionary announcement released on SENS on 25 April 2013 and are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until further announcements are made.
23-May-2013
(Official Notice)
Shareholders were advised that Mr Pieter de Jager has resigned as CFO of the company with effect from 30 June 2013. Pieter will remain on the board of directors as a non-executive director where his years of experience with the company and in the industry will add value.



Mr Johannes Hendrik Petrus Engelbrecht ("Henk") has been appointed as the new CFO and executive director of the company with effect from 30 June 2013. Henk will however join Andulela on 1 June 2013 in order to ensure a smooth handover from Pieter.
13-May-2013
(Official Notice)
Shareholders were advised that with effect from the 9th of May 2013, Ismail Kajee, a director of the company, has resigned from the board of directors of Andulela.
25-Apr-2013
(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 were advised to exercise caution when dealing in the company's securities until a further announcement is made.
22-Apr-2013
(Permanent)
On 22 April 2013, Andulela under took a 50:1 share consolidation.
09-Apr-2013
(Official Notice)
Andulela shareholders are referred to the announcements released over SENS on 30 January, 28 February and 13 March 2013 in relation to:

* the increase of the company's authorised share capital (the "increase");

* the consolidation of the company's share capital in the ratio of 50:1 (the "consolidation"); and

* the amendment of the company's Memorandum of Incorporation ("MOI") for the purpose of the consolidation, (collectively, the "corporate actions").



The special resolutions relating to the amendment of the company's MOI for the purpose of the increase and the consolidation ("the special resolutions") proposed and passed at the general meeting of the company held on Wednesday, 27 February 2013, have now been registered with the Companies and Intellectual Property Commission.



The new salient dates and times pertaining to the corporate actions are set out below:

* Publication of finalisation announcement on SENS on Tuesday, 9 April

* Last day to trade in existing shares on the JSE prior to the consolidation: Friday, 19 April

* Trading in consolidated shares under the new ISIN ZAE000172870 commences on Monday, 22 April

* Record date for the consolidation at the close of business on Friday, 26 April

* Dematerialised shareholders will have their accounts at their CSDP or broker updated on Monday, 29 April

* Date of issue of new replacement share certificates, provided that the old share certificates have been lodged by 12:00 on Friday, 26 April 2013, on or about (share certificates received after this time will be posted within 5 business days of receipt): Monday, 29 April.
26-Mar-2013
(C)
Gross revenue for the year ended 31 December skyrocketed to R1.5 billion (2011: R542.8 million). Gross profit rose to R190.9 million (2011: R139.3 million), while a loss attributable to equity holders of Andulela came in at R53.2 million (2011: profit of R25 million). Furthermore, headline loss per share was 0.09cps (2011: earnings of 0.61cps).



Dividend

No dividend was declared
22-Mar-2013
(Official Notice)
Accordingly, shareholders were advised that for the year ended 31 December 2012 the company expects a loss per share of between 1.18 cents and 1.24 cents and headline loss per share of between 0.06 cents and 0.12 cents, compared to earnings and headline earnings per share of 0.61 cents for the audited results of the year ended 31 December 2011. Andulela's reviewed condensed provisional results for the year ended 31 December 2012 are expected to be released by no later than 28 March 2013.
13-Mar-2013
(Official Notice)
Andulela shareholders are referred to the announcement released over SENS on 30 January 2013 regarding the salient dates and times (salient dates and times announcement) in relation to:

*the increase of the company's authorised share capital (the increase);

*the consolidation of the company's share capital in the ratio of 50:1; and

*the amendment of the company's Memorandum of Incorporation (MOI) for the purpose of the consolidation,



The special resolutions relating to the amendment of the company's MOI for the purpose of the increase and the consolidation (the special resolutions) proposed and passed at the general meeting of the company held on Wednesday, 27 February 2013, have been lodged with the Companies and Intellectual Property Commission (CIPC) for registration. However, the registration of the special resolutions has not been effected by the CIPC and as such the dates applicable to the corporate actions as set out in the salient dates and times announcement, are no longer applicable and will require to be amended. Upon the special resolutions being registered by the CIPC, a further announcement setting out the relevant dates and times regarding the corporate actions will be announced over SENS.
28-Feb-2013
(Official Notice)
Further to the circular to Andulela shareholders posted on 25 January 2013 ("the circular") in respect of:

*the increase of the company's authorised share capital;

*the consolidation of the company's share capital in the ratio of 50:1; and

*the amendment of the company's Memorandum of Incorporation for the purpose of the consolidation,

(collectively the "corporate actions"), Andulela announced that, at the general meeting of Andulela shareholders held on Wednesday, 27 February 2013, all resolutions required by Andulela shareholders to approve the corporate actions were passed by the requisite majority of Andulela shareholders. The special resolutions will be submitted to the Companies and Intellectual Property Commission for filing in due course.
30-Jan-2013
(Official Notice)
29-Jan-2013
(Official Notice)
Shareholders were advised that Mrs Joan Jones, the company secretary of Andulela, has announced her retirement with effect from 31 January 2013. Mrs Humeira Kazi will be taking over the duties of company secretary with effect from 1 February 2013.
28-Jan-2013
(Official Notice)
Andulela shareholders were advised that on Friday, 25 January 2013, the company posted a circular to its shareholders in respect of:

*the increase of the company's authorised share capital;

*the consolidation of the company's share capital in the ratio of 50:1; and

*the amendment of the company's Memorandum of Incorporation for the purpose of the consolidation.



Shareholders are advised that the circular includes, inter alia, a notice of general meeting of Andulela shareholders to be held at Abalengani Office Block, 108 4th Street, Parkmore, Sandton, Johannesburg at 16:30 on Wednesday, 27 February 2013 ("the general meeting") to consider and, if deemed fit, pass with or without modification the resolutions stated in the notice of general meeting.



The following are the salient dates and times in relation to the general meeting.

*Record date in order to receive the circular (together with notice of general meeting) -- Friday, 18 January 2013

*Circular (together with notice of general meeting) posted to shareholders on Friday, 25 January 2013

*Announcement relating to the issue of the circular (together with notice of general meeting) released on SENS on Monday, 28 January 2013

*Last day to trade to be eligible to vote at the general meeting -- Friday, 15 February 2013

*Record date to determine which shareholders are entitled to attend and vote at the general meeting -- Friday, 22 February 2013

*Last day to lodge forms of proxy for the general meeting (by 16:30) -- Monday, 25 February 2013

*General meeting (at 16:30) -- Wednesday, 27 February 2013

*Results of general meeting released on SENS -- Thursday, 28 February 2013



The circular to Andulela shareholders will be made available on the company?s website at www.andulelaholdings.com.
26-Sep-2012
(C)
Gross revenue increased to R693.7 million (June 2011:R43.3 million). Profit from operations came in at R1 million (June 2011: R15.5 million). A net attributable loss of R8.4 million (June 2011: profit of R5.2 million) was recorded. In addition, headline loss of 0.19cps (June 2011: headline earnings of 0.13cps) was registered.



Outlook

There was an improvement in the groups cash generation from operating activities to R19,6 million for the six months compared to R5,9 million for the year ended 31 December 2011. The group further maintained a net asset value per share at 11.34 cents compared to 11.53 cents as reported for the year ended 31 December 2011 despite the headline loss for the period. The steel processing operations yielded positive cash earnings before interest, tax and depreciation, adjusted for the effect of lease smoothing (IAS 17), of R6.7 million and a cash loss after interest of R0.6 million, with depreciation and finance costs being the most significant drivers contributing to PRSMs loss after tax.



The PGM tailings retreatment operation of Kilken Platinum (Pty) Limited through its Joint Venture with Imbani Minerals (Kilken) continues to perform well and contributed significantly to the groups results. For the current six months preference share dividends on the cumulative redeemable preference shares due to the holder thereof (Newshelf 1005 (Pty) Limited), in the amount of R2.5 million were accrued and expensed as finance costs, in accordance with the rights attaching to the preference shares. As at 30 June 2012 there were no arrear preference dividends. With reference to the announcement on SENS dated 14 February 2012, the holder of the preference shares and the company agreed that the preference shares shall be redeemed on an orderly basis over an extended five year period. The company redeemed R8,3 million preference share capital for the six months under review from positive operational cash flows and remains well ahead of minimum capital redemption payments.



21-Sep-2012
(Official Notice)
Accordingly, shareholders are advised that for the six months ended 30 June 2012 the company expects both a loss and headline loss of between 0.22 cents and 0.16 cents per share, compared to earnings and headline earnings of 0.13 cents per share for the reviewed interim results of the six months ended 30 June 2011. Andulela's reviewed condensed interim results for the six months ended 30 June 2012 are expected to be released by no later than 28 September 2012.
10-Aug-2012
(Official Notice)
Shareholders were advised that at the annual general meeting of the company on Wednesday, 8 August 2012 convened in terms of the notice of annual general meeting contained in the Andulela integrated annual report issued on 29 June 2012, all ordinary and special resolutions proposed thereat were unanimously passed by Andulela shareholders.
29-Jun-2012
(Official Notice)
Shareholders were advised that Andulela's integrated annual report, incorporating the audited financial statements, for the year ended 31 December 2011, is being posted today (to shareholders recorded in the Andulela share register on Friday, 22 June 2012) and contains no material changes from the reviewed provisional results which were published on SENS on 16 April 2012. The integrated annual report is also available on the company's website - http://www.andulelaholdings.com. The integrated annual report contains a notice of annual general meeting of Andulela shareholders which will be held at the offices of Andulela, Abalengani Office Block, 106 4th Street, Parkmore, Sandton at 15h00 on Wednesday, 8 August 2012.
26-Jun-2012
(Official Notice)
Shareholders were advised that, with effect from 1 July 2012, Nosipho Molope has been appointed as an independent non-executive director to the board of directors of Andulela.



At the next annual general meeting of the company scheduled for 8 August 2012 Andulela shareholders will be asked to re-elect and confirm her appointment as a non-executive director of the company and as a member of the company's Audit, Risk and Compliance Committee.
31-May-2012
(Official Notice)
Shareholders are referred to the announcements, dated 1 February 2011, 18 March 2011 and 22 June 2011 advising of the agreement entered into between Andulela and GIBB Steel in terms of which Andulela will acquire the business, including the assets and liabilities, of GIBB Steel indivisibly as a going concern. The company advises shareholders that all the suspensive conditions have not been fulfilled and that the transaction has been terminated by mutual agreement between the parties.
23-May-2012
(Official Notice)
Shareholders are referred to the cautionary announcement dated 22 February 2012 and the further cautionary announcements released thereafter, the last of which was dated Thursday, 5 April 2012. Shareholders are advised that as negotiations on the potential transaction have been terminated, caution is no longer required to be exercised by shareholders when dealing in the company's securities.
18-Apr-2012
(K)
16-Apr-2012
(C)
Andulela changed its year end to 31 December, therefore there are no comparable figures for the twelve months ending 31 December 2012. Gross revenue came in at R542.8 million, profit from operations was R59.7 million, while profit attributable to equity holders of Andulela was R25 million. Furthermore, headline earnings per ordinary share was recorded as 0.61cps.
13-Apr-2012
(Official Notice)
In compliance with the Listing Requirements of the JSE and in respect of the year ended 31 December 2011, compared to the eighteen months ended 31 December 2010 ("previous reporting period") (in consideration of the change in financial year end during 2010 from 30 June to 31 December), shareholders are accordingly advised that the company expects both earnings and headline earnings for the year ended 31 December 2011 of between 0.58 cents and 0.64 cents per share, compared to a loss and headline loss of 7.48 and 0.54 cents per share respectively for the audited results of the previous reporting period ended 31 December 2010. Andulela's reviewed provisional condensed consolidated results for the year ended 31 December 2011 are expected to be released by no later than 18 April 2012.
05-Apr-2012
(Official Notice)
Further to the cautionary announcement dated 22 February 2012, shareholders were advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
26-Mar-2012
(Official Notice)
Further to the announcement released on SENS dated 23 February 2012 regarding the posting of a notice of general meeting of Andulela shareholders to be held at 15h00 on Friday, 23 March 2012 (the "general meeting") to consider and, if deemed fit, pass resolutions relating to -

*authorisation for the company to provide direct or indirect financial assistance (as that term is defined in section 45 of the Companies Act, 2008 ("Companies Act") by way of loans, guarantees, the provision of security or otherwise, to any of its present or future subsidiaries and/or any other company or corporation that is or becomes related or inter-related (as defined in the Companies Act) to the company for any purpose or in connection with any matter, such authority to endure until the annual general meeting of the company to be held in 2012;

*approval of the payment of remuneration to the company's non-executive directors for their services as directors in terms of section 66 of the Act for the year ended 31 December 2011;

*approval of the payment of remuneration to the company's non-executive directors for their services as directors in terms of section 66 of the Act for the year ending 31 December 2012; and

*approval of an annual increase of remuneration payable to the company's non-executive directors for their services as directors not exceeding 10% (ten percent) for a period of 2 (two) years from the passing of this special resolution, or until the date of the annual general meeting of shareholders to be held in 2014, whichever is earliest, the company is pleased to announce that, at the general meeting, all resolutions were passed by the requisite majority of Andulela shareholders.
23-Feb-2012
(Official Notice)
22-Feb-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 made.
14-Feb-2012
(Official Notice)
Shareholders are referred to the circular and notice of general meeting to shareholders of Andulela (formerly DNR Capital) issued on 1 September 2008 pursuant to which shareholders by special resolution approved the creation and issue of 75 million R0.01 par value non-listed redeemable preference shares (the "preference shares"). On Friday, 10 February 2012 the holder of the preference shares and the company agreed that the preference shares shall be redeemable on an orderly basis over an extended five year period for a redemption amount of R1 250 000 per month payable on the last day of each calendar month, such redemption payments being subject to the company's cash flow requirements as well as the company's ability to satisfy the solvency and liquidity test as set out in the Companies Act, 2008.
03-Oct-2011
(Official Notice)
Shareholders were advised that Pieter E Du Preez has been appointed as an independent non-executive director on the board of Andulela with effect from 1 October 2011.
23-Sep-2011
(C)
These are the first interim results for a six month period since Andulela changed its year-end to December each year and are therefore incomparable to prior results. Gross revenue amounted to R43.3 million. Profit from operations came in at R15.5 million. A net attributable profit of R5.2 million was recorded. In addition, headline earnings of 0.13cps was registered.



Outlook

Management remains optimistic about the continued positive growth outlook for PGM's for the foreseeable future.



Restructuring review

As indicated in the annual report for the 18 months ending 31 December 2010, management have initiated a review of the newly formed group structure. The review is expected to be completed before the next reporting period. The outcome of the review and the initiatives implemented will be reported to shareholders.
16-Sep-2011
(Official Notice)
Shareholders were advised that Ismail Kajee has been appointed as a non-executive director on the board of Andulela with effect from 1 October 2011.
14-Sep-2011
(Official Notice)
In compliance with the Listing Requirements of the JSE Ltd and in respect of the six month period ended 30 June 2011, compared to the eighteen months ended 31 December 2010 ("previous reporting period") (in consideration of the change in financial year end during 2010 from 30 June to 31 December), shareholders are accordingly advised that:

*The company expects both earnings and headline earnings for the six months ended 30 June 2011 of between 0.12 cents and 0.14 cents per share, compared to a loss and headline loss of 7.48 and 0.54 cents per share respectively for the audited results of the previous reporting period ended 31 December 2010.

*In respect of the six months ended 30 June 2011 and comparing it with the comparable six months ended 30 June 2010 ("comparable period"), shareholders are advised that the company expects both earnings and headline earnings for the six months ended 30 June 2011 of between 0.12 cents and 0.14 cents per share, compared to a loss and headline loss of 22.42 and 1.11 cents per share respectively for the comparable period.

Andulela's reviewed interim financial results for the six months ended 30 June 2011 are expected to be released by no later than 30 September 2011.
02-Sep-2011
(Official Notice)
Further to the transaction announcements of which the last was dated 30 August 2011, the board of Andulela announced that all conditions precedent relating to the acquisition of Pro Roof Steel Merchants (Pty) Ltd has been met and that the acquisition is now unconditional in all respects. The effective date of the transaction is consequently 1 September 2011.
30-Aug-2011
(Official Notice)
Shareholders are referred to the previous announcements; the last of which was dated 29 July 2011, and were advised that the agreement relating to the acquisition by Andulela of Pro Roof Steel ("the transaction") was amended as follows:

* to reflect the inclusion of Pro Roof Steel Merchants (VRN) (Pty) Ltd as a subsidiary of Pro Roof Steel, which subsidiary will be acquired as part of the transaction; and

* to introduce Pro Roof Steel Merchants (East London) (Pty) Ltd as joint seller, together with the trustees of the Rafik Mohamed Family Trust, to the main sale of shares agreement.



Suspensive conditions

By 31 December 2011, Pro Roof Steel and/or the subsidiary companies complete and/or implement their restructure such that:

* the entire shareholding interest in and claims on loan account against Pro Roof Steel (VRN) has been transferred to Pro Roof Steel, on terms and conditions acceptable to the Purchaser; and

* the relevant agreements giving effect to the finance and/or security aspects comprising the Acknowledged Liability are rendered unconditional on their terms.

The purchase price shall be allocated between the parties constituting the joint Sellers proportionately to their respective shareholding in Pro Roof Steel on the date immediately prior to the effective date.
29-Jul-2011
(Official Notice)
Shareholders are referred to the announcements dated 10 December 2010, 6 April 2011 and 30 May 2011 and are advised that the agreement referred to therein in relation to the acquisition by Andulela of Pro Roof Steel ("the transaction") was amended to reflect a change to the dates in certain of the suspensive conditions, as is referred to below, to 31 December 2011.



Suspensive conditions

*31 December 2011, Pro Roof Steel concludes a restructuring of the funding facilities with Investec Bank Ltd on terms and conditions acceptable to Andulela, and such funding agreement becomes unconditional as to its terms;

*31 December 2011, Pro Roof Steel and/or the subsidiary companies complete and/or implement their restructure such that:

*all operating assets and businesses (including without limitation ownership of the steel business operations previously conducted by Pro Roof Steel Merchants (VRN) (Pty) Ltd) has unconditionally been transferred to Pro Reef Steel Merchants (VRG) (Pty) Ltd and are in fact held by the subsidiary companies; and

*the relevant agreements giving effect to the finance and/or security aspects relating to the debts of Pro Roof Steel and/or its subsidiaries are rendered unconditional on their terms, save for any reference therein to the agreement giving effect to the transaction.
22-Jun-2011
(Official Notice)
Shareholders are referred to the announcements dated 1 February 2011 and 18 March 2011, and are advised that the agreement referred to therein in relation to the acquisition by Andulela of Gibbsteel ("the transaction") was amended to reflect a change to the Tangible Net Asset Value ("TNAV") of the transaction and the purchase consideration. Due to the changed purchase consideration revised financial effects are shown.



The transaction purchase consideration of R51 million based on TNAV at the date the agreement was originally signed, has increased to R95 million resulting from an increase in value of plant and equipment, based on a sworn fair market valuation. The proposed value adjustment will be subject to a Due Diligence review, the outcome of which will be reported to the board of Andulela. Accordingly the cash portion of R35 million rand remains unchanged but the balance of the purchase consideration payable in Andulela ordinary shares at an issue price of 40 cents per share will increase from 40 million to 150 million Andulela ordinary shares.

30-May-2011
(Official Notice)
Shareholders are referred to the announcements dated 10 December 2010 and 6 April 2011, and are advised that the agreement referred to therein in relation to the acquisition by Andulela of Pro Roof Steel ("the transaction") was amended to reflect a change to the dates in certain of the suspensive conditions, as is referred to below, to 31 July 2011.



Suspensive conditions

31 July 2011, Pro Roof Steel and/or the subsidiary companies complete and/or implement their restructure such that:

* all operating assets and businesses (including without limitation ownership of the steel business operations previously conducted by Pro Roof Steel Merchants (VRN) (Pty) Ltd) has unconditionally been transferred to Pro Reef Steel Merchants (VRG) (Pty) Ltd and are in fact held by the subsidiary companies; and

*the relevant agreements giving effect to the finance and/or security aspects relating to the debts of Pro Roof Steel and/or its subsidiaries are rendered unconditional on their terms, save for any reference therein to the agreement giving effect to the transaction;

*31 July 2011, Pro Roof Steel concludes a restructuring of the funding facilities with Investec Bank Limited on terms and conditions acceptable to Andulela, and such funding agreement becomes unconditional as to its terms.
12-May-2011
(Official Notice)
Shareholders are advised that at Andulela's annual general meeting held on 10 May 2011, all the resolutions set out in the notice were passed by the requisite majority of shareholders. The special resolutions will be submitted for filing, as applicable, at the Companies and Intellectual Property Commission in due course.
06-Apr-2011
(Official Notice)
Shareholders are referred to the announcement dated 10 December 2010, and are advised that the agreement referred to therein in relation to the acquisition by Andulela of Pro Roof Steel ("the transaction") was amended to reflect a change to the dates in certain of the suspensive conditions, as is referred to below, to 30 May 2011.



Suspensive conditions:

30 May 2011, Pro Roof Steel and/or the subsidiary companies complete and/or implement their restructure such that:

*all operating assets and businesses (including without limitation ownership of the steel business operations previously conducted by Pro Roof Steel Merchants (VRN) (Pty) Ltd) has unconditionally been transferred to Pro Reef Steel Merchants (VRG) (Pty) Ltd and are in fact held by the subsidiary companies; and

*the relevant agreements giving effect to the finance and/or security aspects relating to the debts of Pro Roof Steel and/or its subsidiaries are rendered unconditional on their terms, save for any reference therein to the agreement giving effect to the transaction;

*30 May 2011, Pro Roof Steel concludes a restructuring of the funding facilities with Investec Bank Ltd on terms and conditions acceptable to Andulela, and such funding agreement becomes unconditional as to its terms;

*The remainder of the suspensive conditions in relation to the transaction as previously detailed have been met.

31-Mar-2011
(C)
The company recorded revenue for the 18 months ended 31 December 2010 of R38.4 million and an operating loss of R3 million. Net attributable loss amounted to 208.6 million, while headline loss per share was recorded at 0.54cps.



Dividend

No dividend was declared for the period under review.



Annual general meeting and posting of annual report

The annual general meeting will be held on Tuesday 10 May at 16h00 at 106, 4th Street, Parkmore, Sandton and the annual report will be posted to shareholders today 31 March 2011.
24-Mar-2011
(Official Notice)
Andulela's financial results for the eighteen months ended 31 December 2010 are expected to be released by no later than 31 March 2011. In compliance with the Listing Requirements of the JSE Limited and in respect of the eighteen months ended 31 December 2010, compared to the previous twelve months ended 30 June 2009 ("previous corresponding period"), because of the change in financial year end during 2010 from 30 June to 31 December, shareholders are accordingly advised that:



The company expects a loss for the eighteen months ended 31 December 2010 of between 6.0 cents and 8.0 cents per share and a headline loss of between 0.45 and 0.6 cents per share, compared to a loss and headline loss of 85.16 and 1.82 cents per share respectively for the audited results of the previous corresponding period.



During the period under review, Andulela completed the put option transaction previously reported on SENS and in terms of which it acquired a controlling interest in Abalengani Mining Investments (Pty) Ltd ("AMI"), JB Platinum Holdings (Pty) Ltd ("JBPH") and Kilken Platinum (Pty) Ltd ("Kilken"). The business combination has contributed to the improved performance of Andulela for the period under review and AMI, JBPH and Kilken have been consolidated into the results of Andulela from 1 May 2010. The purchase consideration in respect of the options exercised, being an aggregate of R425 million, was settled by the issue and allotment of 3 531 660 296 ordinary shares.



This resulted in the weighted average number of ordinary shares in issue as at 31 December 2010 being 2 790 million compared to 338 million ordinary shares in issue as at 30 June 2009 being the principal factor resulting in the movement in loss and headline loss as detailed above. The financial information on which this trading statement is based, has not been audited or reviewed by the company's auditors.
18-Mar-2011
(Official Notice)
Shareholders are referred to the announcement dated 1 February 2011, relating to the acquisition by Andulela of the business (including the assets and liabilities) indivisibly as a going concern ("the transaction") of Gibbsteel (Pty) Limited ("Gibbsteel").



Conditions precedent

Shareholders will be advised when all conditions precedent has been fulfilled and the transaction becomes effective.



Withdrawal of cautionary announcement

The cautionary announcement relating to the above acquisition is hereby withdrawn.
01-Feb-2011
(Official Notice)
10-Dec-2010
(Official Notice)
03-Nov-2010
(Official Notice)
Further to the cautionary announcement dated 23 September 2010 shareholders were advised that the discussions are still in progress, which, if successfully concluded, may have a material effect on the price at which the company's securities trade on the JSE. Accordingly, shareholders of the company should continue exercising caution when dealing in the company's securities until a further announcement is made.
26 Oct 2010 17:03:38
(Official Notice)
Andulela advised that Mr David Currie has tendered his resignation and will be leaving with effect from 31 October 2010. Mr Pieter de Jager has been appointed to the board as financial director with effect from 25 October 2010.
18-Oct-2010
(Permanent)
As from 2010, Andulela changed it's financial year-end from June to December each year.
28 Sep 2010 09:22:28
(C)
Gross revenue for the year totalled R9.6 million. Loss from operations improved to R8.0 million (2009: Loss of R8.6 million), while loss attributable to equity holders of Andulela decreased to R204.7 million (2009: Loss of R287.7 million). Headline loss per ordinary share was lower at 1.11cps (2009: loss of 1.82cps).



Dividend

A final dividend was not declared.



Outlook

Management have initiated a review of the newly formed group structure. The review is expected to be completed before the next reporting period. The outcome of the review and the initiatives implemented will be reported in the company's annual report.
23-Sep-2010
(Official Notice)
Shareholders are advised that the company has entered into discussions, which, if successfully concluded, may have a material effect on the price at which the company's securities trade on the JSE. Accordingly, shareholders of the company are advised to exercise caution when dealing in the company's securities until a further announcement is made.
15 Sep 2010 16:32:05
(Official Notice)
Shareholders are advised that the company expects a loss for the twelve months ended 30 June 2010 of between 19.0 cents and 22.0 cents per share and a headline loss of between 1.0 and 2.0 cents per share, compared to a loss and headline loss of 85.2 and 1.8 cents per share respectively for the comparative period ended 30 June 2009.



During the period under review, Andulela completed the put option transaction previously reported on SENS and in terms of which it has acquired a controlling interest in Abalengani Mining Investments (Pty) Ltd ("AMI"), JB Platinum Holdings (Pty) Ltd ("JBPH") and Kilken Platinum (Pty) Ltd ("Kilken"). The business combination has contributed to the improved performance of Andulela for the period under review and AMI, JBPH and Kilken have been consolidated into the results of Andulela from 1 May 2010. The financial information on which this trading statement is based, has not been audited or reviewed by the company's auditors. The financial results for the twelve months ended 30 June 2010 will be published on SENS by no later than 30 September 2010.

08 Apr 2010 12:31:12
(Official Notice)
Shareholders were advised that Pieter de Jager has resigned as financial director of Andulela with immediate effect. Executive director David Currie will fulfil the role of financial director going forward.
29 Mar 2010 16:28:45
(C)
Profit for the year was recorded at R21 million(2008: Loss of R296 million)while earnings per share was up at 5.1cps(2008: Loss per share of 115cps).During the six months ended 31 December 2009 Andulela continued to receive dividends from its 50% shareholding in each of Abalengani Mining Investments (Pty) Ltd ("AMI") and JB Platinum Holdings (Pty) Ltd ("JBPH"). AMI and JBPH effectively own a combined 83.6% stake in Kilken Platinum (Pty) Ltd ("Kilken"), a platinum group metals tailings retreatment operation, thus giving the company an effective 41.8% stake in Kilken.



Outlook

Kilken is a low-cost producer of platinum group metals. Andulela indirectly acquired the Kilken asset to participate in the positive growth outlook for platinum in the long term. Market expectations are that platinum prices will continue to strengthen and world demand will increase in the medium to long term. No material capital expenditure is contemplated by Kilken for the next financial year and it is anticipated that the company will continue to receive regular dividend payments from AMI - JBPH.
25 Mar 2010 11:40:07
(Official Notice)
Shareholders were advised that the company expects earnings for the six months ended 31 December 2009 to be between 4.5 and 5.5 cents per share and headline earnings to be between 0 and 0.2 cents per share, compared to a loss and headline loss of 115.6 and 3.6 cents per share respectively for the comparative period ended 31 December 2008.



Shareholders were referred to the interim financial results of the company for the six months ended 31 December 2008 as published on SENS on 30 March 2009 and were advised that the headline loss per share of 115.6 cents published in the aforementioned results has been restated to be a headline loss of 3.6 cents per share. This is calculated by adding back the impairment of investment in associates to the attributable loss as previously reported and dividing it by the weighted average number of ordinary shares in issue for the period. The impairment of investment in associates was not taken into account in the previously reported headline loss per share for the comparative interim period ended 31 December 2008.
18 Mar 2010 17:24:58
(Official Notice)
Following the acquisition of Andulela Investment Holdings by Newshelf Pty Ltd resulting in an investability weighting of less than 15% and notification from the stock exchange, the JSE announced that Andudela will be deleted from the JSE Africa fledgling index effective from 23 March 2010.
11 Mar 2010 16:55:59
(Official Notice)
Andulela shareholders were referred to the offer circular dated 18 January 2010 containing details of the unconditional cash offer by Newshelf to Andulela shareholders to acquire all of their Andulela ordinary shares that Newshelf did not already own for a cash consideration of 12 cents for every 1 Andulela ordinary share held ("the offer"). Andulela shareholders were also referred to the offeree board circular dated 9 February 2010 regarding the views of the Andulela board on the offer and containing the substance of the advice to the Andulela board by its external advisor, Java Capital (Pty) Ltd.



The offer closed on Friday, 26 February 2010 and acceptances in respect of 68 611 593 Andulela ordinary shares, comprising 16% of the issued share capital of Andulela, were received by Newshelf. Accordingly, Newshelf's shareholding in Andulela has increased from 289 152 091 Andulela ordinary shares (equal to 69.01% of the issued ordinary share capital of Andulela), as published in Newshelf's announcement dated 20 November 2009, to 357 763 684 Andulela ordinary shares (equal to 85.58% of the issued ordinary share capital of Andulela at the closing date of the offer, being Friday, 26 February 2010).
02 Mar 2010 16:02:33
(Official Notice)
Shareholders were referred to the 26 February 2010 SENS announcement informing shareholders of the appointment of Mr David Currie, Mr Ashruf Kaka, Mr Graham Rosenthal and Mr Mohamed Junaid Husain as directors of the company. Mr David Currie and Mr Ashruf Kaka's appointments are as executive directors, and not as non-executive directors as stated in the 26 February 2010 announcement. Mr Graham Rosenthal has been appointed as an independent non- executive director. Mr. Mohamed Junaid Husain has been appointed as the non executive chairman of the company.
26 Feb 2010 16:28:04
(Official Notice)
Consequent on the acquisition by Newshelf 1005 (Pty) Ltd of control of Andulela the board of directors of Andulela ("the board")is to be reconstituted with immediate effect. The remaining non-executive directors of the company, being the non- executive chairman Phillip Vallet and the independent non-executive director Dudley Rubin have resigned. This follows the previously announced resignations of Sir Sam Jonah, Richard Jonah and John Barton-Bridges. The board thanks Messrs Vallet and Rubin for their services to the company. The following non-executive appointments have been made to the board, namely:

*Mr Graham Rosenthal, a Chartered Accountant registered as such with the South African Institute of Chartered Accountants. He was a partner at Schwartz Fine and its predecessor from 1967 to 1979 and an international partner of Arthur Andersen, subsequent to merger, 1979 to 2000;

*Mr David Currie, a Chartered Accountant registered as such with the South African Institute of Chartered Accountants. He was previously employed by Anglo American plc where he spent the last six years in their Corporate Finance and Anglo Coal Divisions;

*Mr Mohamed Junaid Husain, an attorney registered as such with the Law Society of the Northern Provinces. In 1983, he joined Edward Nathan - Friedland Inc as an articled clerk. He was a director of that firm from 1990 to 1999 where he was latterly Head of the Constitutional and Administrative Law Department. He co-founded Knowles Husain Lindsay Inc in January 2000 and has been a director of Knowles Husain Lindsay since then; and

*Mr Ashruf Kaka, an attorney and registered as such with the Law Society of Northern Provinces. In 2006 he was appointed to an Executive Management position within the Abalengani and Xeedan Groups of Companies.

Accordingly, the reconstituted board comprises Graham Rosenthal, David Currie, Mohamed Junaid Husain, Ashruf Kaka and Pieter de Jager.
24 Feb 2010 16:37:38
(Official Notice)
Shareholders are advised that non-executive directors, Sir Sam Jonah and Richard Jonah and interim chief executive officer, John Barton-Bridges have resigned from the board of Andulela with effect from 26 February 2010.

11 Feb 2010 17:19:00
(Official Notice)
Shareholders were advised that in terms of the directors rotation provisions of the company's articles of association Des Rosen was required to retire his directorship with effect from the company's annual general meeting held on 11 February 2010. Des elected not to seek reappointment to the board. The board of Andulela thanks Des for his valued service to the company.
11 Feb 2010 17:17:09
(Official Notice)
Shareholders were advised that at the annual general meeting of the company on Thursday, 11 February 2010 convened in terms of the notice of annual general meeting contained in the Andulela annual report issued on 17 December 2009, all ordinary and special resolutions proposed thereat were unanimously passed by Andulela shareholders. Ordinary resolution number 2 in respect of the re- election of Des Rosen as a non-executive director of the company was withdrawn at the commencement of the annual general meeting. Each of the special resolutions in respect of the repurchase of shares and the increase in authorised share capital will be lodged with the companies and intellectual property registration office for registration.
10 Feb 2010 15:21:05
(Official Notice)
Shareholders are referred to the SENS announcements released on 20 November 2009 and 1 December 2009 advising shareholders that, inter alia, Newshelf as a result of its acquisition of 144 576 717 Andulela ordinary shares was obliged, in terms of the Securities Regulation Code on Take-Overs and Mergers and the Rules of the Securities Regulation Panel, to make the offer. On 18 January 2010, Newshelf posted a circular to Andulela shareholders providing further information on the offer and containing, inter alia, a form of acceptance and surrender ("the offer document").



On 10 February 2010, Andulela posted a circular to Andulela shareholders regarding the views of the Andulela board on the offer and containing the substance of the advice to the Andulela board by its external advisor, Java Capital (Pty) Ltd ("the offeree board circular"). Shareholders are advised to read the offeree board circular in its entirety before accepting the offer. Andulela shareholders are further advised that the offer closes at 12:00 on Friday, 26 February 2010. The salient dates of the offer are contained in the SENS announcement released on 5 February 2010 and are set out in the offeree board circular.
05 Feb 2010 14:05:30
(Official Notice)
Andulela Investment Holdings Ltd shareholders are referred to the circular posted to them on Monday, 18 January 2010, which contains details of the offer by Newshelf to all Andulela shareholders, other than Newshelf ("Andulela minority shareholders"), to acquire their Andulela ordinary shares (the "offer").



Newshelf hereby gives notice to Andulela shareholders that its offer will close at 12:00 on Friday, 26 February 2010. The salient dates relating to the closing of the offer are set out in the table below:

*Offer consideration settlement date in respect of firm acceptances of the offer received before 12:00 on Friday, 5 February 2010. - Monday, 8 February 2010.

*Offer consideration settlement date in respect of firm acceptances of the offer received before 12:00 on Friday, 12 February 2010.- Monday, 15 February 2010.

*Last day to trade in order for Andulela minority shareholders to participate in the offer Friday, 19 February 2010.

*Andulela ordinary shares trade ex the right to participate in the offer Monday, 22 February 2010.

*Offer consideration settlement date in respect of firm acceptances of the offer received before 12:00 on Friday, 19 February 2010.- Monday, 22 February 2010.

*Record date on which Andulela Minority Shareholders must be recorded in the register in order to participate in the offer. - Friday, 26 February 2010.

*Closing date of the offer at 12:00 Friday, 26 February 2010.

*Offer consideration settlement date in respect of firm acceptances of the offer received before 12:00 on Friday, 26 February 2010.- Monday, 1 March 2010.



All times indicated above are South African times. Share certificates may not be dematerialised or rematerialised between Monday, 22 February 2010 and Friday, 26 February 2010, both days inclusive.
19 Jan 2010 16:39:59
(Official Notice)
Shareholders are referred to the SENS announcement released on 17 December 2009 advising that Andulela's annual report, incorporating the audited results for the year ended 30 June 2009, was dispatched on Thursday, 17 December 2009 and contained no changes to the reviewed results which were announced on SENS on 29 September 2009.



The annual report contains a notice of AGM for the company, which will be held at the offices of Fluxmans Attorneys, 11 Biermann Avenue, Rosebank, Johannesburg at 09h00 on Thursday, 11 February 2010.
15 Jan 2010 15:54:09
(Official Notice)
17 Dec 2009 13:59:13
(Official Notice)
Change Statement And Notice Of Annual General Meeting - announcement retracted on 17/12/2009 13:35:51 by Melissa van der Raad for the following reason: Pushing back for changes. Should you have any further queries please contact the JSE SENS Department.
17 Dec 2009 12:57:15
(Official Notice)
Shareholders are advised that And's annual report, incorporating the audited results for the year ended 30 June 2009, was dispatched, and contains no changes to the reviewed results which were announced on SENS on 29 September 2009. The annual report contains a notice of AGM for the company, which will be held at the offices of Fluxmans Attorneys, 11 Biermann Avenue, Rosebank, Johannesburg at 09h00 on Thursday, 11 February 2010.
01 Dec 2009 16:55:41
(Official Notice)
Newshelf advised, inter alia, that as a result of its acquisition of 144 576 717 Andulela ordinary shares it is obliged, in terms of the securities regulation code on take-overs and mergers and the rules of the securities regulation panel, to extend a mandatory unconditional cash offer to shareholders of Andulela at an offer price of 12 cps.



The board of Andulela has appointed Java Capital (Pty) Ltd as its external adviser under the SRP code to, inter alia, provide appropriate external advice on the offer as to how it affects all holders of securities, including specifically minority shareholders, and the substance of such advice shall be made known to Andulela shareholders in a form and manner approved by the securities regulation panel.



As stated in the Newshelf announcement, an offer document providing further information on the offer and containing, inter alia, a form of acceptance and surrender will be posted by Newshelf to Andulela shareholders in due course. After which an offeree board circular will be posted by Andulela to Andulela shareholders setting out, inter alia, the Andulela board's views on the offer and the substance of the advice given to the Andulela board by the external adviser.
20 Nov 2009 16:06:07
(Official Notice)
On Friday, 20 November 2009, Newshelf, a company wholly owned by the Shura Trust, acquired 144 576 717 Andulela ordinary shares equating to 34.51% of the issued ordinary share capital of Andulela, at a price 12 cents per Andulela ordinary share. Prior to the acquisition of the shares referred to above, Newshelf owned 144 575 374 Andulela ordinary shares representing 34.50% of the issued ordinary share capital of Andulela and accordingly now owns 69.01% of the issued ordinary share capital of Andulela.



Mandatory offer

As Newshelf is now the holder of more than 35.0% of the issued ordinary share capital of Andulela, it is obliged in terms of the Securities Regulation Code on Takeovers and Mergers and the Rules of the Securities Regulation Panel ("SRP"), to extend a mandatory cash offer ("offer") to the shareholders of Andulela to acquire their Andulela ordinary shares.



Terms of the offer

The offer will be made in cash at an offer price of 12 cents per Andulela ordinary share, being the highest purchase price per Andulela ordinary share paid by Newshelf to date. Andulela shareholders are advised that, if Newshelf acquires, in terms of the offer, nine-tenths of the Andulela ordinary shares, which it does not already own, it intends invoking the provisions of section 440K of the Act to acquire the Andulela ordinary shares of those Andulela shareholders who do not accept the offer.



Documentation

An offer document providing further information on the offer and containing, inter alia, a form of acceptance and surrender will be posted to Andulela shareholders in due course.
29 Oct 2009 12:15:37
(Official Notice)
Shareholders are referred to the announcements dated 18 June 2009 and 5 June 2009 and the circular to shareholders issued on 1 September 2008 and are advised that on 27 October 2009 Abalengani Platinum Holdings (Pty) Ltd issued a letter to Andulela exercising each of the put options granted to Abalengani Platinum to dispose to the company the remaining 50% of the issued share capital in and all of Abalengani Platinum's claims on loan account against each of Abalengani Mining Investment (Pty) Ltd and JB Platinum Holdings (Pty) Ltd. The acquisition by the company of the option equity is subject to the terms and conditions more fully detailed in the circular.



The company intends to elect to settle the purchase price of the option equity, being in aggregate R425 000 000, by way of the allotment and issue of ordinary shares in the company at an issue price equal to the volume weighted average traded price at which the company's shares traded on the JSE over the 30 trading days immediately prior to the date on which the option notice was furnished to the company.



The settlement of the purchase price of the option equity in the form of new shares to be allotted and issued by the company requires an increase in the authorised share capital of the company. A general meeting of shareholders will be convened to propose and if deemed fit approve the special resolution for the increase in the company's authorised share capital and the ordinary resolution for the shareholders to place such increased authorised share capital under the control of the company?s board of directors in terms of s221 of the Companies act (Act 61 of 1973, as amended) and the JSE listings requirements.



A circular containing a notice convening a general meeting of shareholders will be posted to shareholders in due course.



Consequent on the release of this announcement, caution is no longer required to be exercised by shareholders when dealing in the company's shares.
29 Sep 2009 17:18:37
(C)
The group reported a net loss of R287.65 million. No dividend was declared. Net assets decreased by 70.68% to 20.7cps.
14 Sep 2009 15:13:33
(Official Notice)
Shareholders are referred to the announcements dated 6 May, 18 June and 30 July 2009 and are advised to continue to exercise caution when dealing in their And shares, pending a further announcement.
30 Jul 2009 15:57:45
(Official Notice)
Shareholders are referred to the announcements dated 6 May 2009 and 18 June 2009. Shareholders are advised to continue to exercise caution in dealing with their Andulela shares, pending a further announcement.
18 Jun 2009 10:06:20
(Official Notice)
Shareholders are referred to the announcement dated 6 May 2009. Shareholders are advised to continue to exercise caution in dealing with their And shares, pending a further announcement.
20 May 2009 09:09:09
(Official Notice)
Shareholders are advised that Sir Sam Jonah has resigned from his position as non-executive chairman of Andulela due to his extensive overseas commitments. He remains on the board of Andulela as a non-executive director. Mr Phillip Vallet, currently the deputy chairman, will assume the role of chairman. These changes are with immediate effect.
06 May 2009 17:51:27
(Official Notice)
Shareholders are referred to the circular to DNR Capital shareholders issued on 1 September 2008 (the "circular") and are advised that the outstanding condition permitting the exercise of the put option granted to Abalengani Platinum Holdings (Pty) Ltd ("Abalengani Platinum") to dispose to the company and the call option granted to the company to acquire the remaining 50% of the entire issued share capital in and all of Abalengani Platinum's claims on loan account against each of Abalengani Mining Investment (Pty) Ltd and JB Platinum Holdings (Pty) Ltd (as more fully detailed in the circular) has been fulfilled.



Whilst the aforesaid put and call options are available to be exercised during the period which commenced on 1 May 2009 and which will end on 31 October 2009 (on the terms set out in the circular), these terms are currently under discussion as between Abalengani Platinum and the company. Accordingly, pending a further announcement, shareholders are advised to exercise caution in dealing with their Andulela shares.
06 May 2009 17:49:30
(Official Notice)
The cautionary announcement released on 6 May 2009 at 8:05am inadvertently included a statement to the effect that the company and Abalengani Platinum Holdings (Pty) Ltd had agreed that pending the outcome of the current discussions, neither the put option nor the call option would be exercised. No such agreement has been reached. A replacement cautionary announcement will be issued shortly.
06 May 2009 08:51:57
(Official Notice)
Shareholders are referred to the circular to DNR Capital shareholders issued on 1 September 2008 (the "circular")and are advised that the outstanding condition permitting the exercise of the put option granted to Abalengani Platinum Holdings (Pty) Ltd ("Abalengani Platinum") to dispose to the company and the call option granted to the company to acquire the remaining 50% of the entire issued share capital in and all of Abalengani Platinum's claims on loan account against each of Abalengani Mining Investment (Pty) Ltd and JB Platinum Holdings (Pty) Ltd (as more fully detailed in the circular) has been fulfilled.



Whilst the aforesaid put and call options are available to be exercised during the period which commenced on 1 May 2009 and which will end on 31 October 2009 (on the terms set out in the circular), these terms are currently under discussion as between Abalengani Platinum and the company. The company and Abalengani Platinum have agreed that pending the outcome of the current discussions, neither the put option nor the call option will be exercised. Accordingly, pending a further announcement, shareholders are advised to exercise caution in dealing with their Andulela shares.
30 Mar 2009 17:31:36
(C)
The company acquired the investment in associates "cum" dividend from 1 January 2008. The transaction excluded a special distribution of R12.8 million payable to the previous shareholders relating to the period ending 31 December 2007. Profits and losses from associates for the period 1 January 2008 to 30 September 2008 have been accounted for in the carrying value of the investment. The share of loss from associates for the period 1 October 2008 to 31 December 2008 is reflected in the income statement. At the reporting date no dividends had been received from the associate companies primarily due to the special distribution and capital expenditure of approximately R20 million incurred in the Kilken joint venture. Preference dividends due to Jonah Mining (Pty) Ltd in the amount of R1.6 million have not been paid but have been accrued in the financial result for the period. The group reported a headline loss for the period of 115.6cps.



Outlook

Kilken is a low-cost producer of platinum group metals. Andulela acquired the Kilken asset to participate in the positive growth outlook for platinum in the long term. Market expectations are that platinum prices will strengthen in the medium to long term. No further material capital expenditure is contemplated for the second half of the financial year and it is anticipated that Andulela will receive regular dividend payments from the investment.
27 Mar 2009 15:39:25
(Official Notice)
Mr John Barton-Bridges (an existing non-executive director of the company) has been appointed as interim chief executive officer of the company.
23 Mar 2009 09:32:16
(Official Notice)
John Stalker has resigned as chief executive officer of And. His resignation is with effect from 23 March 2009.
06 Feb 2009 14:39:31
(Official Notice)
Shareholders are advised that Java Capital (Pty) Ltd has replaced Rand Merchant Bank as sponsor to Andulela with immediate effect.
23 Dec 2008 17:13:33
(Official Notice)
Mr Neil Herbert has resigned as a non-executive director from the board of Andulela, with effect from 23 December 2008.
22 Oct 2008 16:34:01
(Official Notice)
Shareholders are advised that DNR Capital Ltd's annual report, incorporating the audited financial statements for the year ended 30 June 2008, was dispatched and contains no changes to the audited results which were announced on SENS on 25 September 2008.



The annual report contains a notice of annual general meeting for the company, which will be held in the Board Room, 2nd Floor, 28 Fricker Road, Illovo, Johannesburg, at 14h00 on Friday, 14 November 2008.
13 Oct 2008 13:57:24
(Official Notice)
Shareholders are referred to the circular to DNR Capital shareholders issued on 1 September 2008 and the subsequent results of general meeting announcement dated 25 September 2008 and are advised that the outstanding resolutive condition pertaining to the substitution of certain security arrangements with Investec Bank Ltd (as more fully detailed in the 25 September 2008 announcement) has been fulfilled.



Accordingly the main transaction agreement dated 11 July 2008 remains of full force and effect and the consideration shares as defined in the circular, being 285 000 000 new ordinary shares in the issued share capital of the company to be allotted and issued in partial discharge of the purchase price of the AMI equity and the JPH equity, both as defined in the circular, payable in terms of the main transaction agreement, have been allotted and issued and were listed at commencement of trade on Monday, 13 October 2008, under the new name of Andulela Investment Holdings Ltd, new ISIN ZAE000125894 and JSE share code "AND".

*Record date in respect of change of name -- Friday, 17 October 2008

*New certificates will be issued to certificated shareholders on -- Monday, 20 October 2008

*Dematerialised shareholders will have their accounts at their CSDP or broker updated on -- Monday, 20 October 2008
13 Oct 2008 08:49:42
(Permanent)
DNR Capital Ltd was renamed to Andulela Investment Holdings Ltd on 01 October 2008.
25 Sep 2008 07:41:38
(Official Notice)
Shareholders are advised that at the general meeting of the company held on Tuesday, 23 September 2008 all the ordinary and special resolutions, as contained in the notice, were passed by the requisite majority of DNR shareholders.



Salient dates and times:

*Last day to trade in the name of DNR on Friday, 10 October 2008

*Shares will trade in the new name of Andulela Investment Holdings Ltd, under the new ISIN ZAE000125894 and the JSE Share Code "AND" from Monday, 13 October 2008

*Listing of 285 000 000 consideration shares under the abbreviated name "Andulela" commences on the JSE with effect from the commencement of trading on Monday, 13 October 2008

*Record date in respect of change of name Friday, 17 October 2008

*New certificates will be issued to certificated shareholders on Monday, 20 October 2008

*Dematerialised shareholders will have their accounts at their CSDP or broker updated on Monday, 20 October 2008.
25 Sep 2008 07:33:14
(C)
The year under review saw the company transfer its listing from the "Development Capital Market" sector to the "Equity Investment Instruments sector of the Main Board of the JSE. The change was intended to reflect the changed nature of the company?s business, being that of an investment company. The company issued 100 million new ordinary shares and raised R100 million of capital from a range of institutional shareholders and high net worth individuals during the year under review. The loss per share was reported at 2.12c (2007: loss 9.0c) and net asset value was 70.6c (2007:-3.9c).



Dividends

No dividend was declared for the period under review.



Prospects

The company has been repositioned, its strategy is to focus on investments in mining and mining related companies. Subject to the passing of the special resolutions contained in the circular to shareholders, the name of the company will be changed to Andulela Investment Holdings Ltd.
02 Sep 2008 18:02:48
(Official Notice)
Shareholders are referred to the announcement dated 14 July 2008 advising that an agreement had been entered into on 11 July 2008 between the company, Jonah Mining (Pty) Ltd, Abalengani Equities (Pty) Ltd, Xeedan Holdings (Pty) Ltd and Samada Diamond Holdings (Pty) Ltd, in terms of which :

*Jonah Mining sells to the company 50% of the entire issued share capital in and all of its claims on loan account against each of -

*AMI ("the AMI sold equity")("the AMI sale transaction"); and

*JPH ("the JPH sold equity")("the JPH sale transaction"), which amounts to an effective 8 000 shares in Kilken, representing approximately 41.8% of the issued share capital in Kilken (which comprises Jonah Mining`s entire interest in Kilken);

*Abalengani Platinum is granted a put option to dispose of and the company a call option to acquire the remaining 50% of the entire issued share capital in and all of its claims on loan account against each of AMI and JPH, which amounts to an effective 8 000 shares in Kilken, representing approximately 41.8% of the issued share capital in Kilken;

*Jonah Mining is granted the right to subscribe for up to 200 000 000 new ordinary shares in the issued share capital of DNR Capital at an issue price of 100 cents per share (the "shares for cash transaction"). This right will expire on the first anniversary of the fulfilment of the last of the conditions precedent to the transactions;

*f prior to the exercise of the put/call arrangements in respect of the AMI option equity and the JPH option equity, AMI and JPH unbundle or otherwise distribute to Abalengani Platinum 50% of the shares in Kilken held by each of AMI and JPH being in aggregate 8 000 Kilken shares, then Abalengani Platinum's put/call arrangements with DNR Capital pursuant to the AMI option transaction and the JPH option transaction shall automatically apply in respect of the Kilken option shares in the place of the AMI option equity and the JPH option equity.

The implementation of the transactions will result in a reverse take-over of the company. A circular and revised listing particulars were posted to the company`s shareholders on Monday, 1 September 2008.
25 Aug 2008 15:23:55
(Official Notice)
Jonathan Goldberg has resigned as non-executive director of DNR with effect from 22 August 2008.
18 Aug 2008 17:56:32
(Official Notice)
15 Jul 2008 12:55:35
(Official Notice)
Shareholders are referred to the acquisitions and reverse take-over announcement dated 25 March 2008 advising that, on 19 March 2008, the company had concluded an agreement with Jonah Mining (Pty) Ltd, Abalengani Equities (Pty) Ltd and Xeedan Holdings (Pty) Ltd. Shareholders are advised that the parties have restructured their arrangements as recorded in the original transactions.
15 May 2008 18:26:53
(Official Notice)
Shareholders are referred to the cautionary announcement dated 26 February 2008 and the acquisitions and reverse takeover announcement, together with financial effects, dated 25 March 2008. Shareholders are advised that the reciprocal due diligence investigations in respect of Abalengani Mining Investment (Pty) Ltd ("AMI") and Kilken Platinum (Pty) Ltd have been concluded to the satisfaction of both the company and the vendors of the AMI equity. Applications are pending before various regulatory authorities to secure the relevant outstanding regulatory approvals required from the JSE Ltd and the Securities Regulation Panel. Given that the detailed transaction announcement contained all material price sensitive information pertinent to the transactions described in the detailed transaction announcement, shareholders are advised that caution is no longer required to be exercised when dealing in DNR Capital securities. As indicated in the detailed transaction announcement, a circular and revised listings particulars containing further details of the transactions will be sent to the company's shareholders in due course.
15 May 2008 13:29:59
(Official Notice)
Shareholders are advised that caution is no longer required to be exercised by shareholders when dealing in their DNR securities. As indicated in the announcement dated 25 March 2008, a circular and revised listings particulars containing further details of the transactions will be sent to the company?s shareholders in due course.
25 Mar 2008 14:22:31
(Official Notice)
Further to the cautionary announcement on 26 February 2008 shareholders are advised that the company has concluded an agreement with Jonah Mining (Pty) Ltd ("Jonah Mining"), Abalengani Equities (Pty) Ltd ("Abalengani Equities") and Xeedan Holdings (Pty) Ltd ("Xeedan Holdings") in terms of which :

*Jonah Mining and Abalengani Equities will sell to the company 85% of both the entire issued share capital in and AMI vendors' claims on loan account against Abalengani Mining Investment (Pty) Ltd ("AMI"); and

*the AMI vendors are granted a put option to dispose of the company and a call option to acquire the remaining 15% of the shares in and the AMI vendors' remaining claims on loan account against AMI; and

*Xeedan Holdings and Jonah Mining (collectively, the "JPH vendors") are granted a put option to dispose of the company and a call option to acquire the JPH vendors' entire shareholding in and all claims on loan account against JoBrouze Platinum Holdings (Pty) Ltd; and

*the AMI vendors are granted the non-transferable right to subscribe, at any time prior to the first anniversary of the effective date, for up to R200 000 000 of ordinary shares in the company at an issue price of 100cps.

The implementation of the transactions will result in a reverse take-over of the company. The JSE will only permit the company to retain its listing, following the reverse take-over, if the JSE is satisfied that the company still qualifies for listing. The directors are confident that the company will continue to qualify for listing after implementation of the transactions and the reverse take-over.
25 Mar 2008 14:17:19
(C)
On 8 January 2008 the company`s shares under the new name DNR Capital Ltd commenced trade on the JSE Ltd. The capital raised via the specific issue was by way of private placement with well established institutions and hedge funds. At present, the company`s sole assets are funds on call. Net loss for the year increased by 28.50% to R1.86million (R1.44 million). The group reported a headline loss of 5.5cps (loss of 4.3cps).
26 Feb 2008 10:37:53
(Official Notice)
DNR shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on DNR's share price. DNR shareholders are accordingly advised to exercise caution in dealing in their shares in the company until a further announcement is made.
15 Feb 2008 11:32:38
(Official Notice)
Notice is hereby given that the company's annual general meeting of shareholders will be held in the boardroom, Fluxmans Attorneys, 11 Biermann Avenue, Rosebank, Johannesburg at 09:00 on Thursday, 27 March 2008. A notice of annual general meeting was posted to shareholders today setting out the business to be transacted thereat.



The financial statements for the financial year ended 30 June 2007 of Independent Financial Services Ltd (as the company was previously known) were posted to shareholders on 13 December 2007. Since 30 June 2007 all the corporate actions as detailed in the circular to shareholders dated 15 November 2007 have been successfully completed. The company has R100 million available for suitable investments.
21 Jun 2006 14:53:46
(Official Notice)
Further to the cautionary announcement dated 2 May 2006, IFS intends implementing a rights offer to its shareholders and has concluded an agreement for the acquisition of all of the shares in, and shareholders claims against, Allcare Administrators (Pty) Ltd. In addition to the transactions, IFS will increase its authorised share capital from 34 000 000 shares of 1c each to 1 000 000 000 shares of 1c each ; change the name of the company from Independent Financial Services Ltd to Makadebona Holdings Ltd and amend the main object of the company to reflect its main business in keeping with its future activity as a holding company.



IFS is offering for subscription by way of a renounceable rights offer to IFS shareholders a total of 51 000 000 new IFS shares at a subscription price of 8.82c per rights share, in the ratio of 1.5 rights shares for every share held by shareholders. Shareholders shall be entitled to accept, renounce or sell their rights or allow them to lapse, but will not be entitled to apply for additional shares in excess of their entitlement. The rights offer is intended to raise working capital to enable the company to pursue strategic acquisitions and to introduce Sandile Zungu and Zungu Investments Company (Pty) Ltd as key strategic empowerment shareholders and partners in the company in the manner contemplated below. The rights issue has been fully underwritten (at no cost to the company) by DNR Capital, a division of DNR Corporate Advisors (Pty) Ltd. DNR Capital, which holds 78.69% of the entire issued share capital of IFS (and as such will be entitled to 40 130 043 rights shares) has agreed to renounce its rights in respect of 25 000 000 rights shares in favour of Zungu Investments. As a result, Zungu Investments will, after the rights offer, own 25 000 000 shares in the company, which will comprise approximately 29.4% of the issued share capital of the company prior to the acquisition.

02 May 2006 10:00:38
(Official Notice)
Shareholders are advised that IFS is in negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
31 Mar 2006 09:55:26
(C)
Independent Financial Services (IFS) did not generate any revenue in the six months ended 31 December 2005. However, operating profit before tax amounted to R4.45m (R10.39m). Profit after tax amounted to R4.185m (R0.349m). Earnings per share and headline earnings per share amounted to 12.3c (1c) and -2.9c (-1.1c) respectively.



During the six month period ended 31 December 2005, IFS successfully completed its stated intention of finalising the disposals of its operating entities and declaring a cash dividend, a special dividend and a dividend in specie of the shares in IFS Insurance brokers (Pty) Ltd. This strategy resulted in IFS becoming a cash shell with a net asset value of approximately R3m represented by cash and near cash. The majority shareholders subsequently sold their shares in IFS to a consortium led by Des Rosen of DNR Capital resulting in the consortium controlling approximately 78% of IFS.
02 Feb 2006 15:21:46
(C)
During the year the board of IFS and its subsidiaries realised all the group assets and distributed the net realisation proceeds to shareholders. IFS ultimately became a cash shell. The board of directors of IFS proposed and paid a cash distribution of 7.67cps as well as a special dividend of 6.25cps. A dividend in specie on the basis of one share in IFS Insurance Brokers for each IFS share held by ordinary shareholders by means of a reduction of share premium, were also declared. It is the company's intend to have no remaining assets other than R3 million cash, and 100 000 IFS shares that will be held as treasury share by O'Cor Insurance Brokers (Pty) Ltd, a wholly-owned subsidiary of the company.
31 Jan 2006 14:36:35
(Official Notice)
The company has announced the following appointments and resignations of directors with effect from 31 January 2006:

* Sandile Zungu is appointed as Executive Chairman of the Company;

* Desmond Neil Rosen is appointed as Chief Executive Officer of the Company;

* Darryll Castle is appointed as a Non-Executive Director of the Company;

* Itumeleng Dlamini is appointed as a Non-Executive Director of the Company;

* Phillip Vallet is appointed as a Non-Executive Director of the Company;

* Stanley Medalie is appointed as a Non-Executive Director of the Company,

* Eugene Glen van der Watt resigns as a director and Chairman;

* John Walter Simpson resigns as a director and Chief Executive Officer;

* Mary-Anne Simpson (formerly Hulley) resigns as a director; and

* Franz Boshoff resigns as a director and Company Secretary.
16 Jan 2006 16:43:37
(Official Notice)
The offer to IFS shareholders by a consortium led by Des Rosen to acquire all of the ordinary shares in IFS that it does not already own, for a purchase consideration of 8.82cps, closed on Friday, 13 January 2006. The offer was accepted in respect of 113 362 shares, which represents 0.3% of the issued share capital of IFS. The consortium now owns 26 753 362 shares in IFS, being 79% of the issued shares in IFS.
16 Jan 2006 14:49:47
(Official Notice)
On 16 January 2006 the JSE announced that the audit opinion on IFS' annual financial statements for the year ended 30 June 2005 contained an emphasis of matter and the company's listing on the JSE SETS system would continue to be annotated with an "E" to indicate the emphasis of matter. The JSE noted that it would remove the annotation when the company produced an unmodified audit opinion.
20 Dec 2005 12:14:11
(Official Notice)
Shareholders are referred to the announcement dated 27 October 2005 giving details of a mandatory offer by a consortium led Mr Des Rosen to acquire all of the shares in the company that it does not already own at a price of 8.82c per share. Shareholders are advised that an offer circular has been sent to shareholders today, 20 December 2005 and the offer has opened.



The salient dates of the offer are set out below:

*Opening date of the offer = Tuesday, 20 December 2005

*Last date to trade = Friday, 6 January 2005

*Shares trade "ex" the offer = Monday, 9 January 2005

*Record/date Closing date of the offer (12h00) = Friday, 13 January 2005

*Results of offer announced on SENS = Monday, 16 January 2005
27 Oct 2005 13:30:05
(Official Notice)
As detailed in the announcement on 20 April 2005 and in the circular to shareholders dated 17 August 2005, entities owned or controlled by J W Simpson, chief executive officer of IFS, conditionally sold 26 640 000 shares in IFS to a consortium led by Mr Des Rosen at a price of 8.82cps. The sale of shares has been implemented and, as the shares acquired constitute more than 35% of the total issued share capital of IFS, the purchaser will make an offer to IFS shareholders to acquire all of the shares in IFS that it does not already own at a price of 8.82cps. The IFS board will appoint an independent advisor to advise the IFS shareholders on whether the offer is fair and reasonable. The independent advice will be contained in the offer circular which will be sent to shareholders within 30 days of the date of this announcement. The Securities Regulation Panel has been provided with independent confirmation that the purchaser has sufficient cash resources to discharge its obligations under the offer.
14 Oct 2005 08:28:40
(C)
In a circular to shareholders dated 17 August 2005 shareholders were advised that IFS had finalised agreements to dispose of all its remaining operating subsidiaries or their businesses in order to realise all the group assets and to distribute the net realisation proceeds to shareholders. Following the disposals, and the distributions, being, a cash distribution, a dividend in specie and a special dividend, IFS has retained R3 million cash. In the circular, shareholders were also advised that entities owned or controlled by Mr J W Simpson had sold 26 640 000 IFS shares ex the dividends, to a consortium led by Mr Des Rosen. After the disposals and the distributions, IFS's remaining assets would be wholly or mainly cash and accordingly IFS has become a cash shell. Revenue decreased to R2.78 million (R13.76 million) and the group's loss from operations amounted to 504 000 (R3.26 million profit). Although IFS recorded a loss after taxation of R1.74 million (R1.50 million profit), extraordinary items valued at R4.09 million brought the group's net profit for the period to R2.35 million (R1.43 million). Earnings increased to 6.9cps (4.2cps) while headline earnings dropped to 7.2cps (10.1cps).



Distributions

In terms of the IFS Insurance Brokers sale agreement, a final dividend which is dependant upon the purchaser's retention of clients and claims history up until 30 September 2005, will be paid to IFS Insurance Brokers shareholders. As approved at the special general meeting on 8 September 2005, this final dividend will be paid to the shareholders of IFS Insurance Brokers, having received their shares in IFS Insurance Brokers as a dividend in specie. It is anticipated that the final dividend will be paid during December 2005.



Prospects

The present directors believe that new assets will be injected into the cash shell which will produce exciting prospects.
06 Oct 2005 11:49:58
(Official Notice)
A review of the financial results for the year ended 30 June 2005 by management has indicated that earnings per share of IFS will be between 55% and 75% higher, and that headline earnings per share will be between 20% and 40% lower than the previous year.
08 Sep 2005 16:23:36
(Official Notice)
At the general meeting of IFS shareholders held on Thursday, 8 September 2005, convened in terms of the notice of general meeting contained in the circular to IFS shareholders issued on 17 August 2005, the requisite majority of shareholders passed the ordinary and special resolutions.



*a cash distribution of 7.67cps will be paid to shareholders by way of a reduction of share premium and a dividend in specie of one share in IFS Insurance Brokers for each share held in IFS ; and

*a special dividend of 6.25cps to be paid from the capital reserve of IFS.



Pursuant to the passing of the special resolutions pertaining to the capital distribution to shareholders by means of a reduction of share premium and the special dividend to be paid out of the capital or other reserves of the company, the requisite special resolutions will be lodged for registration with the Registrar of Companies in due course.



Shareholders are reminded of the following salient dates:

*Last day to trade -- Friday, 16 September

*Record date -- Friday, 23 September

*Distribution to shareholders in respect of the capital distribution and special dividend -- Monday, 26 September
17 Aug 2005 08:40:07
(Official Notice)
19-Jul-2018
(X)
Andulela is a holding company listed in the ?Equity Investment Instruments? sector of the Main Board of the JSE Ltd.



It has two trading subsidiaries:

? An 83.59% interest in Kilken Platinum (Pty) Ltd. (?Kilken Platinum?), a? low-cost producer and seller of platinum group metals (?PGMs?), mainly? platinum, palladium, rhodium and gold; and

? A 100% interest in Pro Roof Steel Merchants (Pty) Ltd. (?PRSM?) and its subsidiaries, a steel processor and merchant in South?Africa.



Andulela?s major shareholder is Newshelf 1005 (Pty) Ltd. (?Newshelf 1005?) which has an 88.75% shareholding in the company.


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