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31-Aug-2018
(Official Notice)
Shareholders of Avior Holdings (?Shareholders?) are hereby advised that the 2018 integrated annual report (?2018 IAR?), which incorporates the consolidated audited annual financial statements for the year ended 30 April 2018, has been distributed to Shareholders and made available for download from the Company?s website (https://avior.co.za/investor- centre/financials/) today, 31 August 2018.



The consolidated audited annual financial statements forming part of the 2018 IAR contain no modifications and/or changes to the audited provisional results which were announced by the Company on the JSE Ltd.?s (?JSE?) Stock Exchange News Service (?SENS?) dated, 27 July 2018.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of Shareholders will be held in the main boardroom on Tuesday, 09 October 2018, at 10:00, at the Company?s registered address located at 11th Floor, South Tower,140 West Street, Sandton, Johannesburg (?the AGM?), for purposes of Shareholders considering and if deemed fit, approving, the formal business contained in the notice of AGM, which forms part of the 2018 IAR.



Shareholders should take note of the following salient dates and times applicable to the AGM:

Record date to determine which Shareholders are entitled to receive the notice of AGM (?Notice Record Date?) on Friday, 31 August 2018

Distribution of the 2018 IAR (including it being made available for download from the Company?s website (https://avior.co.za/investor-centre/financials/) on Friday, 31 August 2018

Last date to trade in order to be eligible to attend and vote at the AGM on Tuesday, 25 September 2018

Record date to determine which Shareholders are entitled to attend and vote at the AGM (?Voting Record Date?) on Friday, 28 September 2018

Deadline for submission of forms of proxy for the AGM at 10:00 on Friday, 05 October 2018

AGM held at 10:00 on Tuesday, 09 October 2018

Results of the AGM announced on SENS on Wednesday, 10 October 2018



Availability of B-BBEE compliance report

Shareholders are further advised that the annual compliance report pursuant to section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act, No 46 of 2013, will be made available on Avior Holdings? website by latest close of business 30 September 2018. A further SENS notification will be distributed notifying shareholders accordingly.
15-Aug-2018
(Official Notice)
Shareholders of Avior Holdings are hereby advised that 4 Africa Exchange Registry (Pty) Ltd. (?4AX Registry?) will replace Terbium Financial Services (Pty) Ltd. as transfer secretary to Avior Holdings, with effect from 29 August 2018.



The contact details of 4AX Registry are as follows:

Physical address: 1st Floor, Cedarwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, 2191, South Africa

Telephone: 011 100 8352

Email: admin@4aregistry.co.za
27-Jul-2018
(C)
24-Jul-2018
(Official Notice)
In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that a reasonable degree of certainty exists that Avior Holdings? headline earnings per share (?HEPS?) for the year ended 30 April 2018 will reflect a decrease of between 75% (decrease of 11.77 cents per share) and 85% (decrease of 13.34 cents per share) compared to the previous corresponding period.



This implies that HEPS is expected to be between 2.35 cents and 3.92 cents. HEPS for the year ended 30 April 2017 was 15.70 cents. Shareholders are further advised that Avior Holdings? earnings per share (?EPS?) for the year ended 30 April 2018 will also reflect a decrease of between 75% (decrease of 11.83 cents per share) and 85% (decrease of 13.41 cents per share) compared to the previous corresponding period.



This implies that EPS is expected to be between 2.37 cents and 3.94 cents. EPS for the year ended 30 April 2017 was 15.78 cents. The information on which this trading statement is based has not been reviewed and reported on by Avior Holdings? auditors. It is expected that the results for the year ended 30 April 2018 will be published on SENS on or about 27 July 2018.
18-Jul-2018
(Official Notice)
Shareholders of Avior Holdings (?Shareholders?) are hereby advised that during the finalisation of the financial results for the year ended 30 April 2018, certain accounting errors were identified by the new auditors and newly appointed financial director of the Company. These accounting errors are considered material in nature.



Shareholders should note that the accounting errors primarily affects the Statement of Profit or Loss and Other Comprehensive Income and earnings per share value, in that:

* ?Total comprehensive income? was used as a starting point for the earnings per share calculation instead of ?profit for the year?; and

* the ?other comprehensive income? line item was the year-end balance instead of the year?s movement.



Because of the aforementioned, the board of directors of Avior Holdings (?the Board?) has in the interest of prudency, resolved to restate the financial results for the year ended 30 April 2017 and the interim results for the 6 months ended 31 October 2017, insofar as the accounting errors referred to above are concerned.
11-Jun-2018
(Official Notice)
18-May-2018
(Official Notice)
The board of directors of Avior Holdings (?the board?), hereby advises shareholders that:

* Mr. Elias Masilela, non-executive director and member of the audit and risk committee and chairperson of the social and ethics committee and the remuneration committee of Avior Holdings, has resigned with immediate effect; and

* Ms Octavia Matshidiso Matloa, non-executive director and chairperson of the audit and risk committee and member of the social and ethics committee and the remuneration committee of Avior Holdings, has resigned with immediate effect.



Shareholders are further advised in compliance with paragraph 3.59(a) of the JSE Listings Requirements that Mr Stephan David Price (?Mr. Price?) has been appointed as non-executive director and as member of the audit and risk committee, the social and ethics committee and the remuneration committee of Avior Holdings with immediate effect.



Be advised that the process of filling the remaining vacancy on the board is at an advanced stage and any further developments in this regard will be communicated to shareholders in due course.
03-May-2018
(Official Notice)
Shareholders of Avior were advised that, Ms Ateeqah Khan has resigned as company secretary of Avior and that Fusion Corporate Secretarial Services (Pty) Ltd. has been appointed as the new company secretary with effect from 03 May 2018.
29-Mar-2018
(Official Notice)
Shareholders of Avior are referred to the announcement dated 08 February 2018, in terms of which the Company advised Shareholders of the resignation of its auditor, PKF (vga) Chartered Accountants.



Further to the aforementioned announcement, shareholders were advised in accordance with paragraph 3.75(a) of the JSE Ltd. Listings Requirements that, BDO South Africa (?BDO?), has been appointed as the Company?s external auditors with effect from Thursday, 29 March 2018. The individual BDO audit partner responsible for Avior's audit is Mr Daniel Botha.
13-Mar-2018
(Official Notice)
1.Shareholders of Avior Holdings (?Avior Holdings Shareholders?) are referred to the announcement published by the Company on the JSE Limited?s (?JSE?) Stock Exchange News Service dated, 13 February 2018 (?the Notice Announcement?), in terms of which the Company advised Avior Holdings Shareholders of the proposed adoption by the Company of the Avior Holdings Employee Retention Plan and the Avior Holdings Employee Performance and Retention Plan, both being share incentive schemes complying with Schedule 14 of the JSE Listings Requirements (?Avior Holdings Employee Plans?).



2.In terms of the Notice Announcement, the written resolutions authorising the adoption of the Avior Holdings Employee Plans were to be submitted for Avior Holdings Shareholders? consideration in accordance with section 60 of the Companies Act (?Written Resolutions?).



3.The circular incorporating the Written Resolutions (?Section 60 Circular?) was distributed to Avior Holdings Shareholders on 12 February 2018, pursuant to which Avior Holdings Shareholders would have 20 business days to consider and if deemed fit, approve, with or without modification, the Written Resolutions.



4.Pursuant to the distribution of the Section 60 Circular, the aforementioned 20 business day period closed for voting at 17h00 on Monday, 12 March 2018, and accordingly, Avior Holdings Shareholders are hereby advised of the results of the voting by Avior Holdings Shareholders on the Written Resolutions. The total number of shares represented, including proxies, was 135 190 764 ordinary Avior Holdings shares (?Shares?), representing 92.42% of Avior Holding?s issued share capital:



13-Feb-2018
(Official Notice)
08-Feb-2018
(Official Notice)
1.Shareholders of Avior Holdings (?Shareholders?) are advised in accordance with paragraph 3.78 of the JSE Limited (?JSE?) Listings Requirements (?the Listings Requirements?) that, PKF (vga) Chartered Accountants (?PKF?), has resigned as the Company?s external auditors with effect from 7 February 2018.



2.Shareholders should note that the resignation of PKF was pursuant to the board of directors of Avior Holdings (?the Board?) communicating to PKF that the Company is considering changing its external auditors. PKF also indicated in its resignation correspondence that, due to an internal reorganisation within PKF, it was unable to devote sufficient time to the affairs of Avior Holdings.



3.PKF has further confirmed to the JSE that there are no matters in connection with their resignation that need to be brought to the attention of the Shareholders.



4.Shareholders are further advised that the Company had already commenced with a procurement process for the appointment of a new external auditor (?Auditor Procurement Process?). As at the date of this announcement, the Auditor Procurement Process has not been completed and the Company will announce further details relating to the outcome of the Auditor Procurement Process as soon as it is able to do so.

31-Jan-2018
(C)
Avior released their maiden results therefore there are no comparatives. Revenue was R100.5 million, gross profit came to R82.1 million and operating profit was recorded at R15.6 million. Profit for the year was R11.4 million and headline earnings per share was 7.91 cents per share.



Company prospects

While the outcome of the ANC?s elective conference in December 2017 was positive and led to increased JSE activity over December, the outlook for JSE trading volumes and brokerage rates remain uncertain.



In the United Kingdom, the Group is positioned to benefit from the introduction of MiFID II in Europe as asset managers focus on remunerating high-quality research providers. The Group has invested in systems and processes to benefit from the introduction of MiFID II. The impact of MiFID II on the Group?s business environment is difficult to assess at this stage.



The recent strengthening of the Rand versus foreign currencies will likely weigh on the Group?s UK earnings and revaluation of foreign denominated bank accounts.



The Group remains committed to enhancing its customer experience and therefore will continue to augment its channel offerings.



The Group acknowledges that its people are key to its success. Accordingly, it continues to invest in its people across its trading, research and operational capabilities.

26-Jan-2018
(Official Notice)
Further to the trading statement published by the Company on the Stock Exchange News Service (?SENS?) of the JSE Ltd. (?JSE?) dated, 13 December 2017 (?Initial Trading Statement?) and in compliance with paragraph 3.4(b)(iv) of the Listings Requirements of the JSE, shareholders are hereby advised that a reasonable degree of certainty exists that Avior Holdings?:

*headline earnings per share (?HEPS?) for the 6-month interim period ended 31 October 2017 is expected to be between 6.67 cents and 8.15 cents, compared to the HEPS of 14.82 cents for the 6 month interim period ended 31 October 2016 (translating into a decrease of between 45% and 55%) and not between 8.89 cents and 10.37 cents as previously announced in the Initial Trading Statement; and

*earnings per share (?EPS?) for the 6-month interim period ended 31 October 2017 is expected to be between 7.11 cents and 8.12 cents, compared to the EPS of 10.15 cents for the 6 month interim period ended 31 October 2016 (translating into a decrease of between 20% and 30%) and not between 8.12 cents and 9.14 cents as previously announced in the Initial Trading Statement.



An interim review process was undertaken by Avior Holding?s auditors, PKF, in the spirit of good governance. The changes arose due to differences identified during the process, which management undertook to adjust for. The unexpected decrease was primarily as a result of a correction to the timing of revenue recognition relating to certain broker contracts, fixed asset impairment as a result of a move to the new Johannesburg head offices and adjustments to period end accruals. The review was performed in accordance with the International Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity.



The information on which this further trading statement is based has not been reviewed and reported on by Avior Holdings? auditors. It is expected that the results for the 6-month interim period ended 31 October 2017 will be published on SENS before or on 31 January 2018.

15-Dec-2017
(Official Notice)
Shareholders are referred to the announcement published by the Company on the JSE Ltd.?s Stock Exchange News Service dated, 24 October 2017, in terms of which the Company advised of the resignation of Mr. Naeem Tilly (?Mr. Tilly?), the financial director of Avior Holdings, which resignation would become effective on 29 December 2017 (?the Resignation SENS Announcement?).



Shareholders were advised in the Resignation SENS Announcement that the Company would commence a recruitment process for purposes of finding a suitable candidate to appoint as the new financial director of Avior Holdings.



Further to the publication of the Resignation SENS Announcement, shareholders are hereby advised that the Company has not yet finalised the aforementioned recruitment process, however, notwithstanding the above-mentioned, the board of directors of Avior Holdings (?Board?) has resolved to appoint Mr. Justin Larsen (?Mr. Larsen?) as the interim financial director of Avior Holdings, which interim appointment shall become effective from the 29 December 2017, up to and until the 29 June 2018. Shareholders should note that, in accordance with paragraph 21.3(e) of the JSE Listings Requirements, the audit and risk committee of Avior Holdings has provided written confirmation to the JSE in regard to their satisfaction of the expertise and experience of Mr. Larsen.



Shareholders are hereby advised that, notwithstanding the interim appointment of Mr. Larsen, the process to recruit and appoint a permanent financial director is still ongoing.



The board welcomes the interim appointment of Mr Larsen and looks forward to his contributions to the Company as the interim financial director.

13-Dec-2017
(Official Notice)
Shareholders were advised that a reasonable degree of certainty exists that Avior?s headline earnings per share (?HEPS?) for the six month interim period ended 31 October 2017 will reflect a decrease of between 30% (decrease of 4.45 cents per share) and 40% (decrease of 5.93 cents per share) compared to the previous corresponding period. This implies that HEPS is expected to be between 8.89 cents and 10.37 cents. HEPS for 31 October 2016 was 14.82 cents.



Shareholders are further advised that Avior Holdings? earnings per share (?EPS?) for the six month interim period ended 31 October 2017 will also reflect a decrease of between 10% (decrease of 1.02 cents per share) and 20% (decrease of 2.03 cents per share) compared to the previous corresponding period. This implies that EPS is expected to be between 8.12 and 9.14 cents. EPS for 31 October 2016 was 10.15 cents.



It is expected that the results for the six month interim period ended 31 October 2017 will be published on SENS on or about 31 January 2018.
24-Oct-2017
(Official Notice)
The board of directors of Avior Holdings (?the Board?), hereby advises shareholders that Mr. Naeem Tilly (?Mr. Tilly?), the financial director of Avior Holdings, has resigned from the Board and the Company, which resignation would become effective as from 29 December 2017.



Shareholders are further advised that the Company has commenced with the process to appoint a suitable replacement candidate, possessing the appropriate expertise and experience, as financial director and a further announcement will be made as soon as the appointment has been formally made.

15-Sep-2017
(Official Notice)
Shareholders of Avior Holdings (?Shareholders?) are hereby advised that all the ordinary and special resolutions tabled at the annual general meeting of Avior Holdings held on Wednesday, 13 September 2017 ("AGM"), were passed by the requisite majority of votes of Shareholders present in person or represented by proxy.
04-Sep-2017
(Official Notice)
Shareholders of Avior Holdings (?Shareholders?) are referred to the announcement published by the company dated, 21 July 2017, in terms of which Shareholders were notified that the company commenced a recruitment process to fill the vacancy on the board of directors (?board?) and audit and risk committee (?AR Committee?) of Avior Holdings, pursuant to the resignation of Mr MD Collier.



Further to the publication of the aforementioned announcement and in compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Ltd. (?JSE?), Shareholders are hereby advised that, Ms. Octavia Matshidiso Matloa (?Ms. Matloa?) has been appointed as an independent non- executive director to the board and as chairperson of the AR Committee, which appointments are with immediate effect.



Update on JSE inquiry

Shareholders are referred to paragraph 13.6 of the Pre-Listing Statement of Avior Holdings (?PLS?) and the announcement published by the company dated, 28 July 2017, relating to the investigation by the JSE Market Regulation Division. This has been concluded and the JSE has made the decision not to take enforcement action against Avior Capital Markets (Pty) Ltd.



Electronic participation at the annual general meeting (?AGM?)

In terms of section 61(10) of the Companies Act, No 71 of 2008, as amended, every shareholders? meeting of a public company must be reasonably accessible within South Africa for electronic participation by shareholders. Further to the distribution of the notice of annual general meeting (?AGM?) of Avior Holdings, Shareholders or their proxies wishing to participate electronically at the AGM are required to:

* contact the Company Secretary, Ateeqah Khan (email address: ateeqah@avior.co.za) by no later than 17h00 on Tuesday, 12 September 2017, in order to obtain a pin number and dial-in-details for the AGM conference call; and

* provide reasonably satisfactory identification.



Each Shareholder will bear its own costs of accessing the AGM by electronic communication.
28-Jul-2017
(C)
Avior released their maiden results. Revenue came in at R178.5 million, gross profit was R137.3 million, operating profit was recorded at R18.1 million, profit for the year after taxation was R26.8 million, while headline earnings per share was 15.70 cents per share.



Dividend

Management believes that cash should be retained to fund future investment and growth within the Group. The Board has therefore resolved not to declare a dividend for this reporting period.



Notice of annual general meeting

The annual general meeting of the shareholders of the Group will be held in the boardroom of Avior Holdings at its registered offices located on the 1st Floor, 82 on Maude, situated at 82 Maude Street, Sandton, Johannesburg, 2196 on Wednesday, 13 September 2017 at 10h00, to transact the formal business as set out in the notice of annual general meeting.



Company prospects

The Group intends to enhance its existing service offerings, primarily through expanding its current research coverage, partnering with the new exchanges, offer stockbroking and research services in respect of issuers listed on such exchanges, expanding its corporate finance offering, and offering exchange traded fund products to its institutional client base. Prospects for the 2018 financial year are subject to numerous factors which remain uncertain, such as value traded on local and global markets. Pricing pressure remains a risk as investors continue to cut costs. Avior is well positioned to benefit from the introduction of MiFID II in Europe as asset managers remunerate high quality research providers. We are focused on continued improvement in our operational performance and leveraging our brand and strong operating platform.
24-Jul-2017
(Official Notice)
Shareholders were advised that a reasonable degree of certainty exists that, Avior?s headline earnings per share (?HEPS?) for the year ended 30 April 2017, will reflect a decrease of between 10% (decrease of 1.9 cents per share) and 20% (decrease of 3.7 cents per share) compared to the previous corresponding period. This implies that HEPS is expected to be between 14.9 cents and 16.8 cents. HEPS for 30 April 2016 was 18.6 cents.



Shareholders were further advised that Avior's earnings per share (?EPS?) for the year ended 30 April 2017 will also reflect a decrease of between 30% (decrease of 5.7 cents per share) and 40% (decrease of 7.6 cents per share) compared to the previous corresponding period. This implies that EPS is expected to be between 11.4 and 13.3 cents. EPS for 30 April 2016 was 19.0 cents.



It is expected that the results for the year ended 30 April 2017 will be published on SENS on or about 28 July 2017.
21-Jul-2017
(Official Notice)
The board of directors of Avior Holdings (?the board?), hereby advises shareholders that Mr. Mark D. Collier (?Mr. Collier?), a non-executive director and chairperson of the audit and risk committee of Avior Holdings, has resigned with immediate effect.



A process of recruiting an additional non-executive director to the board has been initiated and shareholders will be notified as soon as a suitable candidate has been appointed.
05-Jun-2017
(X)
Avior Holdings is the holding company of a capital markets group that provides research, stockbroking, corporate finance, derivatives trading, fixed income trading and transition management service offerings to institutional clients in South Africa and abroad. The Avior Group has offices in Johannesburg, Cape Town and London.



Avior Capital Markets is the major operating subsidiary of Avior Holdings (and also a ?major subsidiary? of Avior Holdings, as contemplated in terms of the JSE LRs). Avior Investments is currently dormant. Groombridge is an approved JSE nominee company, whose sole objective is to act as the registered holder of securities on behalf of Avior Capital Markets? controlled clients. Avior International (the UK operations, acquired during January 2015) contributes less than 25% (twenty five percent) of the Avior Group?s total assets or revenue (on a consolidated basis), and accordingly, is not regarded as a ?major subsidiary? of Avior Holdings, as contemplated in terms of the JSE LRs.



The majority of the Avior Group's operations are held and/or conducted through Avior Capital Markets.


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