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06-Sep-2018
(Official Notice)
Shareholders are referred to the announcements released on SENS on Wednesday, 20 June 2018, Friday 17 August 2018 and Tuesday, 21 August 2018 and are advised that the meeting with creditors to consider the business rescue plan was convened and held on Monday, 03 September 2018, in terms of section 151 of the Companies Act and, upon a motion being put by the Industrial Development Corporation of South Africa Ltd. ("the IDC") to the meeting, it was unanimously agreed to adjourn the meeting.



The rationale for the adjournment is for affected persons to have more time to fully engage and consider the proposals made in the business rescue plan prior to such plan being tabled for consideration and approval by the Company's creditors.



Notice has been given to affected parties that the meeting will be reconvened on Thursday, 27 September 2018 for creditors to consider and approve the proposed business rescue plan.



Further updates on the business rescue will be provided in due course.
27-Aug-2018
(Official Notice)
Resignation of financial director In compliance with section 3.59 of the Listing Requirements of JSE Ltd., the board of directors of Basil Read (?the Board?) announces that it has received and accepted Mr. Pieter van Buuren?s resignation as chief financial officer and finance director of the Company with effect from 21 September 2018 to pursue other interests.



The board will make further announcement on the appointment of the chief financial officer in due course.



Company secretary

As previously announced the company secretary, Andiswa Ndoni, left on 24 August 2018.



Basil Read announces the appointment Noxolo Loate as acting company secretary, until a permanent appointment is made. Noxolo is currently the assistant company secretary of the Company.
21-Aug-2018
(Official Notice)
Shareholders are referred to the announcements released on SENS on Wednesday, 20 June 2018 and Friday 17 August 2018 and are advised that the business rescue plan has been published and is available at: www.matusonassociates.co.za/wp- content/uploads/2018/06/Basil-Read-Limited-Business-Rescue- Plan-20-August-2018.pdf



The Business Rescue Plan will be tabled to the creditors for approval on Monday, 3 September 2018. Further updates of the business rescue will be provided through a further SENS announcement.
21-Aug-2018
(Official Notice)
Shareholders are referred to the announcements released on SENS on Wednesday, 20 June 2018 and Friday 17 August 2018 and are advised that the business rescue plan has been published and is available at basilread@matusonassociates.co.za.



The Business Rescue Plan will be tabled to the creditors for approval on Monday, 3 September 2018.



Further updates of the business rescue will be provided through a further SENS announcement.
17-Aug-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on Wednesday, 20 June 2018 advising that following the uncertainty in terms of the impact of the voluntary business rescue proceedings instituted at Basil Read Ltd. on the Basil Read Holdings Ltd. Group, the Company has applied to the JSE, in terms of paragraph 1.10 of the JSE Listings Requirements for the voluntary suspension of the listing of its securities, until such time as the effect on the listed group can be quantified.



The effect of the business rescue on the listed Group can only be quantified once the business rescue plan is available. The business rescue plan is expected to be published on or about Monday, 20 August 2018.



The securing of post commencement funding is a critical component of such a business rescue plan. Shareholders are advised that Basil Read Ltd. has secured post commencement funding and signed the required agreements on 8 August 2018.



Further details of the business rescue will be provided through a further SENS announcement as soon as the business rescue plan is published.
23-Jul-2018
(Official Notice)
Shareholders are advised that Miss Andiswa Ndoni has resigned as Basread?s Company Secretary with effect from 25 August 2018. The Company has commenced the process to appoint a suitable replacement and shareholders will be advised once such appointment has been made.
20-Jun-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on Friday, 15 June 2018 advising that Basil Read Ltd. ("Basil Read"), a wholly owned subsidiary of Basil Read Holdings, which houses the Construction Division has commenced with voluntary business rescue proceedings as provided for by section 129 of the Companies Act 71 of 2008.



There is uncertainty in terms of the impact of the voluntary business rescue proceedings instituted at Basil Read Ltd., on the Basil Read Holdings Ltd. Group as listed on the JSE.



The company has applied to the JSE, in terms of paragraph 1.10 of the JSE Listings Requirements for the voluntary suspension of the listing of its securities until such time as the effect on the listed group can be quantified, with immediate effect.
18-Jun-2018
(Official Notice)
The JSE has declared a trading halt in terms of its trading rules in Basil Read Holdings Ltd. (the ?Company?) shares. The JSE has halted trading in order to assess the impact on the market of potential settlement issues arising from certain transactions in the Company?s shares on Friday, 15 June 2018. The trading halt will be lifted as soon as the JSE has identified the parties that may be impacted by these settlement issues and those parties have been advised accordingly.



It should be noted that the trading halt is unrelated to Basil Read Ltd., a wholly owned subsidiary of the Company, being placed in business rescue.
15-Jun-2018
(Official Notice)
Basil Read Ltd. ("Basil Read") is a wholly owned subsidiary of Basread, which houses the Construction division. Basil Read?s Construction division has for some time been experiencing cash flow difficulties emanating from, amongst other reasons, mismatched cash inflows and cash outflows.



As a mitigant to such difficulties, Basil Read endeavoured to raise bridge funding from a consortium of lenders, for the finalization of the construction contracts, against the provision of security, pending anticipated cash inflows to be sourced from the disposal of noncore assets, finalisation of various contracts, and the successful implementation of various operational action steps.



Regrettably, after protracted negotiations with such consortium of lenders, Basil Read was advised on 14 June 2018 that the majority of such consortium of lenders were not prepared to make such bridge funding available to Basil Read in an informal process, that is, outside of business rescue.



Absent such bridge funding, and pursuant to having obtained the prerequisite legal and accounting advice, the Board determined that Basil Read was or would be facing circumstances constituting ?financial distress? within the meaning of the Companies Act 71 of 2008 (?Companies Act?).



As a result, the Board of Basil Read advised Basread that it has commenced with voluntary business rescue proceedings as provided for by section 129 of the Companies Act. Basil Read has also resolved to appoint Siviwe Dongwana of Adamentem Chartered Accountants and John Lightfoot of Matuson and Associates as business rescue practitioners. The requisite documents were lodged with the Companies and Intellectual Property Commission (?CIPC?) on 14 June 2018, and Basil Read awaits confirmation of filing from the CIPC.



Shareholders will be updated as further material information becomes available.
01-Jun-2018
(Official Notice)
Shareholders were advised that at the annual general meeting of shareholders of the company held on Friday, 1 June 2018, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 26 April 2017, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
09-May-2018
(Official Notice)
Shareholders are advised to note the two errors in the Basread notice of the Annual General Meeting 2018 that was distributed on Thursday 3 May 2018.



In the notice of the meeting to shareholders, the ordinary resolution number 5 contains both the approval of remuneration policy and implementation report. These resolutions will be voted for separately as such the notice is hereby amended to provide for ordinary resolution number 5. 1 for the approval of the remuneration policy and ordinary resolution 5.2 for the approval of the implementation of the remuneration policy.



The proxy form has a typographical error regarding the number sequence, with special resolution 1 and 2 numbered as item 6. The numbering of the two special resolutions will be item 6 and 7.



The notice of the AGM and the proxy form have been amended accordingly and are available for download on the Company?s website hosted at www.basilread.co.za as well as for inspection at the Company?s registered office.
30-Apr-2018
(Official Notice)
Further to Basil Read?s audited provisional results for the year ended 31 December 2017, published on 28 March 2018, the integrated report for the year ended 31 December 2017, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2017, (?the integrated report?), as well as the full consolidated financial statements for the year ended 31 December 2017 was distributed to shareholders and made available on the company?s website hosted at www.basilread.co.za, as well as for inspection at the company?s registered office, on 30 April 2018.



The annual financial statements and the condensed consolidated financial results in the integrated report contains no modifications to the aforementioned published audited provisional results for the year ended 31 December 2017, as set out below:



Annual general meeting

Notice is hereby given that the annual general meeting of Basil Read shareholders will be held at 10h00 on Friday, 1 June 2018 at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg to transact the business as set out in the Notice of Annual General Meeting forming part of the integrated report.



The record date for determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 25 May 2018. Accordingly, the last day to trade in Basil Read shares to be recorded in the register to be entitled to vote will be Tuesday, 22 May 2018.



Shareholders are advised to contact the company directly for a copy of the integrated report if they have elected to receive a hardcopy of the integrated report in the post, but have not received their copy by 1 June 2017.



Resignation of directors

Notice is hereby given that Mr. Sango Ntsaluba, Mr. Thabiso Tlelai and Mr. Des Hughes will retire at the annual general meeting. Mr Des Hughes turned 70 this year, which is a retirement age for non-executive directors, while Mr. Sango Ntsaluba and Mr. Thabiso Tlelai have decided to step down after serving as non-executive directors since 2006.



The Company is grateful for their contribution over the past years and wishes them well in their future endeavors.
18-Apr-2018
(Official Notice)
Basread shareholders were advised that the Company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the Company?s website (www.basilread.co.za).
28-Mar-2018
(Official Notice)
28-Mar-2018
(C)
Revenue from continuing operations for the year lowered to R4.6 billion (2016: R5.1 billion). Operating loss came to R743.1 million (2016: profit of R63.7 million). Loss attributable to owners of the company worsened to R1 billion (2016: loss of R64.1 million). Furthermore, headline loss per share from continuing operations widened to 717.35 cents per share (2016: headline loss of 21.79 cents per share).



Dividends

Due to the difficult trading environment and need to retain working capital to strengthen the balance sheet, the board of directors has resolved not to declare a dividend.



27-Mar-2018
(Official Notice)
16-Mar-2018
(Official Notice)
Basil Read announced the appointment of Hlonela Nelisa Lupuwana-Pemba as a non-executive director to the board of directors with immediate effect.
26-Feb-2018
(Official Notice)
Shareholders of Basread (?Shareholders?) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited (?JSE?) on Wednesday, 31 January 2018 relating to the partially underwritten renounceable rights offer of approximately 1 363 636 364 new Basread ordinary shares of no par value (?Rights Offer Shares?) in the authorised but unissued stated capital of the Company, offered for subscription to Shareholders recorded in the register at the close of trade on Friday, 9 February 2018, who would receive rights to subscribe for Rights Offer Shares on the basis of 1 035.45602 Rights Offer shares for every 100 Basread ordinary shares held, for subscription at R0.22 per Rights Offer Share (?Rights Offer?).



As detailed below, the Rights Offer was successful as the full R300 million was taken up by way of subscriptions for Rights Offer Shares, excess applications for Rights Offer Shares and the Rights Offer Shares that had been underwritten (?Underwritten Rights Offer Shares?).



Results of the Rights Offer

The Rights Offer closed at 12:00 on Friday, 23 February 2017. The results are set out in the relevant SENS note.



Issue of Rights Offer Share

Share certificates will be posted to holders of certificated shares who have followed their rights on or about Tuesday, 27 February 2018. The Central Securities Depository Participants (?CSDP?) or broker accounts of holders of dematerialised shares or their renouncees, who have followed their rights, will be credited with the Rights Offer Shares and debited with any payments due on Tuesday, 27 February 2018.



Excess applications

There were sufficient Rights Offer Shares available to satisfy all excess applications. The excess Rights Offer Shares applied were allocated in an equitable manner.



Share certificates will be posted to holders of certificated shares, who have been allocated excess Rights Offer Shares on or about Thursday, 1 March 2018.



The CSDP or broker account of holders of dematerialised shares who have been allocated excess Rights Offer Shares, will be credited with the excess Rights Offer Shares and debited with any payments due on or about Thursday, 1 March 2018.



As there were no unsuccessful excess applications, no refund payments will be made.
23-Feb-2018
(Official Notice)
Basil Read announced the appointment of Bernard Swanepoel as Non- Executive Director to the Board of Directors with immediate effect.



Appointment of Finance Director

Following the appointment of Pieter van Buuren as the Chief Financial Officer of the Company with effect from 1 January 2018 and in compliance with section 3.59 of the Listing Requirements of JSE Limited, the Board of Directors of Basil Read (?the Board?) is pleased to now confirm the appointment of Pieter van Buuren to the Board of Directors, as the Finance Director with immediate effect.
05-Feb-2018
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 15 January 2018, 4 December 2017, 2 November 2017, 2 October 2017 and 28 August 2017 and are advised that as all the confidential discussions have been concluded and all the information has been disclosed in the circular regarding the rights offer (which is available on the company?s website as from today, 5 February 2018), caution is no longer required to be exercised by shareholders when dealing in their securities.
31-Jan-2018
(Official Notice)
Basil Read shareholders (?Shareholders?) are referred to the declaration announcement released on the Stock Exchange News Service (?SENS?) of the JSE Ltd. (?JSE?) on Monday, 29 January 2018 wherein Shareholders were advised of Basil Read?s intention to raise R300 million (excluding the R19 094.22 proceeds from the rights attached to Basil Read?s treasury shares) by way of a partially underwritten renounceable rights offer (?Rights Offer?) of approximately 1 363 636 364 Rights Offer shares (?Rights Offer Shares?) at a price of R0.22 per Rights Offer Share (?Rights Offer Issue Price?), in the ratio of 1 035.45602 Rights Offer Shares for every 100 existing Basil Read ordinary shares (?Basil Read Shares?) held on the initial record date for the Rights Offer, being Friday, 9 February 2018.



Shareholders are advised that the company has now received all necessary approvals and the Rights Offer is unconditional and accordingly the Rights Offer may now be implemented.



The salient dates and times of the Rights Offer will be the same as those published in the declaration announcement released on SENS on Monday, 29 January 2018. Shareholders may commence trading the Rights Offer Shares on Thursday, 22 February 2018 and trading the letters of allocation on the JSE on Wednesday, 7 February 2018.



Further details of the Rights Offer will be set out in a circular dealing with the Rights Offer (?Rights Offer Circular?) which is expected to be distributed to certificated Shareholders on Thursday, 8 February 2018 and to dematerialised shareholders on Tuesday, 13 February 2018.



The Rights Offer Circular will be made available on the company?s website www.basilread.co.za on Monday, 5 February 2018 and the current Rights Offer cautionary will be withdrawn on Monday, 5 February 2018.
29-Jan-2018
(Official Notice)
15-Jan-2018
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 4 December 2017, 2 November 2017, 2 October 2017 and 28 August 2017 and are advised that various confidential discussions are still ongoing, which may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made with regard to the rights offer.
02-Jan-2018
(Official Notice)
The board of directors of Basil Read (?the Board?) announces that it has received and accepted Mr Talib Sadik?s resignation as chief financial officer and finance director of the Company with effect from 31 December 2017.



Appointment of chief financial officer

The board of directors of Basil Read announces the appointment of Pieter van Buuren as the chief financial officer of the Company with effect from 1 January 2018.



20-Dec-2017
(Official Notice)
The board of directors announced the appointment of Shammy Arewanga Luvhengo, Tshegofatso Benedict Sefolo and Darryll John Castle as Non- Executive directors to the board of directors of Basil Read Holdings Ltd. with immediate effect.
05-Dec-2017
(Official Notice)
04-Dec-2017
(Official Notice)
Shareholders are advised that, at the general meeting of Basil Read held on 4 December 2017, the resolutions as set out in the notice of general meeting dated 2 November 2017, were voted on.



In addition, Shareholders are referred to the cautionary announcements released on SENS on 2 November 2017, 2 October 2017 and 28 August 2017 and are advised that various confidential discussions are still ongoing, which may have a material effect on the price of the Company?s securities.



Accordingly, Shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made with regard to the rights offer.

07-Nov-2017
(Official Notice)
Basil Read shareholders are advised that the Company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the Company?s website (www.basilread.co.za).

02-Nov-2017
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 2 October 2017 and 28 August 2017 and are advised that various confidential discussions and negotiations regarding the rights offer are still ongoing, which may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made with regards to the rights offer.



In addition, Shareholders are referred to the ?Amendment to Agreement Relating to Specific Repurchase and Special Resolutions to Implement the Specific Repurchase? announcement released on SENS on 27 September 2017 (?September 2017 Announcement?), in which it was stated that Basil Read was in the process of preparing a circular to Shareholders which caters for the necessary authorisations to proceed with the rights offer and a number of other Shareholder resolutions required, and are advised that the circular (including the notice of the general meeting to be held on Monday, 4 December 2017) is being distributed to Shareholders today, Thursday, 2 November 2017.



Furthermore, as the costs of the Amendment (as defined in the September 2017 Announcement) have now been established, slightly revised pro forma financial effects of the Amendment on the interim results of Basil Read as at and for the six months ended 30 June 2017 are set out below.
23-Oct-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 31 May 2017 regarding the appointment of Khathutshelo Mapasa as a group acting Chief Executive Officer (?CEO?).



The board of directors announced the appointment of Khathutshelo Mapasa as the CEO and Managing Director of the company with immediate effect.
10-Oct-2017
(X)
Basil Read Holdings Ltd. is active in opencast mining, civil engineering, mixed-use integrated housing developments, roads construction, buildings and related services in the Republic of South Africa as well as select African countries.



With over six decades of construction expertise, Basil Read has become synonymous with quality, service excellence and integrity contributing towards building foundations of South Africa for all citizens.



Key operations include:

Construction: Major works for private and public sector clients cover a broad spectrum of civil engineering and building projects, including earthworks, bridges, infrastructure, retail and office complexes, residential housing, apartment blocks, harbour and marine works, industrial plants, educational facilities, hospitals, sports facilities, correctional facilities, roads, highways, airports, plant acquisition, disposal and maintenance, specialised associated services and related industrial activities.

Developments: Our developments business focuses on large-scale mixed income integrated housing developments. These also generate construction work for the company. This is an integral part of our social licence to operate and we work with government at all levels, parastatals and non-governmental organisations to support national imperatives focused on improving the quality of life of South Africa?s people.

Mining: The mining division specialises in surface contract mining, which includes drill and blasting, load, haul and dump, material handling, in-pit water management, bulk earthmoving, thin, thick and multiple seam mining, mine spoils rehabilitation, mobile plant maintenance and management services to the mining, quarrying and construction industries. Furthermore, the mining division will often assist its clients by also providing mine design, scheduling and mine planning, infrastructure development, operations and project management, surveying and optimisation services across sub-Saharan Africa.

Roads: The roads division focuses on earthworks, bridges, roads and highways, township infrastructure and rail.

02-Oct-2017
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 28 August 2017 and are advised that various confidential discussions and negotiations regarding the rights offer are still ongoing, which may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made with regards to the rights offer.

27-Sep-2017
(Official Notice)
28-Aug-2017
(C)
Contract revenue for the interim period lowered to R2.3 billion (2016: R2.5 billion). Operating loss was recorded at R458.8 million (2016: profit of R73.5 million). Loss attributable to owners of the company came to R475.3 million (2016: profit of R39.2 million). Furthermore, headline loss per share from continuing operations was 295.16 cents per share (2016: headline earnings of 53.39 cents per share).



Dividends

Due to the difficult trading environment and need to retain working capital, the board of directors has resolved not to declare an interim dividend.



Prospects

The focus going forward will be primarily on repositioning the group for the current and future environment. This entails: continued investment in the divisions and projects that have traditionally been profitable at high margins, as well as closing out the remaining distressed projects, reducing overhead costs and improving liquidity.



The group will seek to minimise the impact of cyclical volatility through:

*Selective project acquisition and to focus the business development efforts in accordance with the company?s selected markets. At the end of June 2017, the group?s order book was R10.7 billion, reflecting good balance between the construction (R3.1 billion), roads (R1.9 billion), developments (R1.0 billion) and mining divisions (R4.7 billion) and ensuring the group?s ability to trade despite challenging market conditions. The potential profit of the order book is good and should allow the company to improve profitability. While the sector remains challenging, with very few projects available, the group pipeline remains very good in the short term and we are expecting increases in the order book.



Cautionary

Various confidential discussions and negotiations have been entered into regarding the rights offer, which 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 detailed announcement is made with regards to the rights offer.

21-Aug-2017
(Official Notice)
Further to the trading statement released on SENS on 31 May 2017, shareholders are advised that Basread is expecting a headline loss per share for the six months ended 30 June 2017 of between 290.00 cents per share and 300.00 cents per share compared to the headline earnings of 48.92 cents per share for the previously reported corresponding period.



Shareholders are further advised that Basread is expecting a basic loss per share for the six months ended 30 June 2017 of between 359.00 cents per share and 365.00 cents per share compared to the basic earnings of 29.75 cents per share for the previously reported corresponding period. This follows continued weak market conditions for the industry, operational underperformance in our Roads and Buildings Divisions, along with continued difficulties in claims resolution on a legacy project.



As stated previously, the Board of Directors has resolved to review the business with a view to undertaking significant restructuring of the group to preserve shareholder value, and has engaged the services of a Corporate Finance Advisory firm to assist the group in this process.



The results for the six months ended 30 June 2017 are expected to be released on or about 25 August 2017.
04-Aug-2017
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016, 22 August 2016, 3 October 2016, 14 November 2016, 28 December 2016, 9 February 2017, 24 March 2017, 11 May 2017 and 23 June 2017 and are advised that as discussions for the potential private placement of shares that would result in Basil Read Holdings being a black owned Company have been terminated, caution is no longer required to be exercised by shareholders when dealing in the Company?s securities.
23-Jun-2017
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016, 22 August 2016, 3 October 2016, 14 November 2016, 28 December 2016, 9 February 2017, 24 March 2017 and 11 May 2017, and are advised that discussions for the potential private placement of shares that would result in Basread being a black owned Company are still ongoing and which, if successfully concluded, may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made.
02-Jun-2017
(Official Notice)
Shareholders were advised that at the annual general meeting of shareholders of the company held on Friday, 2 June 2017, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 26 April 2017, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
31-May-2017
(Official Notice)
Shareholders are advised that a loss per share and headline loss per share for the six months ended 30 June 2017 is expected (a decrease of more than 100%), compared to the earnings per share of 29.75 cents and headline earnings per share of 48.92 cents reflected in the previously reported corresponding period.



This follows continued weak market conditions for the industry, operational underperformance in our Roads Division, along with continued difficulties in claims resolution on a legacy project. The Board of Directors has resolved to review the business with a view to undertaking significant restructuring of the group to preserve shareholder value, and has engaged the services of a Corporate Finance Advisory firm to assist the group in this process.



Once more certainty is obtained; Basread will provide further guidance as required by paragraph 3.4(b) of the Listings Requirements. The results for the six months ended 30 June 2017 are expected to be released on or about 25 August 2017.



Resignation of CEO and appointment of acting CEO

The board of Basread announces that the CEO and Executive Director, Neville Nicolau has decided to leave the group for personal reasons with effect from 31 May 2017.



Basread announce the appointment of Khathutshelo (K2) Mapasa, as group acting CEO. K2 is a group executive committee (?Exco?) member and the executive officer for Mining.
11-May-2017
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016, 22 August 2016, 3 October 2016, 14 November 2016, 28 December 2016, 9 February 2017 and 24 March 2017 and are advised that discussions for the potential private placement of shares that would result in Basread being a black owned Company are still ongoing and which, if successfully concluded, may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made.
26-Apr-2017
(Official Notice)
Shareholders are referred to the Annual Financial Statements, Integrated Report, Notice of Annual General Meeting and Change Statement announcement that was released on SENS on 3 April 2017, and are advised that the Notice of Annual General Meeting have been updated following amendments to the maximum number of shares which may be allocated under the proposed long-term incentive share plan(?LTIP?)and the maximum number of shares which may be allocated to an individual in terms of the LTIP. The LTIP will be tabled for shareholder approval at the upcoming Annual General Meeting. The amendments only affects Annexure A to the Notice of Annual General Meeting which contains the salient features of the LTIP.



The updated Notice of Annual General Meeting was distributed to shareholders today, 26 April 2017, and is available on the company?s website hosted at www.basilread.co.za, as well as for inspection at the company?s registered office.



Annual General Meeting

The dates given in the Notice of Annual General Meeting of Basil Read shareholders, given in the SENS announcement released on 3 April 2017, remains unchanged and it will still be held at 10h00 on Friday, 2 June 2017 at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg to transact the business as set out in the notice of Annual General Meeting.



The record date for determining which shareholders of the company are entitled to participate in and vote at the Annual General Meeting is Friday, 26 May 2017. Accordingly, the last day to trade in Basil Read shares to be recorded in the register to be entitled to vote will be Tuesday, 23 May 2017.
03-Apr-2017
(Official Notice)
Further to Basread?s reviewed results for the year ended 31 December 2016, published on 10 March 2017, the integrated report for the year ended 31 December 2016, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2016, (?the integrated report?), as well as the full consolidated financial statements for the year ended 31 December 2016 was made available on the company?s website hosted at www.basilread.co.za, as well as for inspection at the company?s registered office, on 1 April 2017. The integrated report will be distributed to shareholders on or about 13 April 2017.



Annual general meeting

Notice is hereby given that the annual general meeting of Basread shareholders will be held at 10h00 on Friday, 2 June 2017 at the Basread Campus, 7 Romeo Street, Hughes Extension, Boksburg to transact the business as set out in the Notice of Annual General Meeting forming part of the integrated report. The record date for determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 26 May 2017. Accordingly, the last day to trade in Basread shares to be recorded in the register to be entitled to vote will be Tuesday, 23 May 2017.



Shareholders are advised to contact the company directly for a copy of the integrated report if they have elected to receive a hardcopy of the integrated report in the post, but have not received their copy by 2 June 2017.
24-Mar-2017
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016, 22 August 2016, 3 October 2016, 14 November 2016, 28 December 2016 and 9 February 2017 and are advised that discussions for the potential private placement of shares that would result in Basread being a black owned Company are still ongoing and which, if successfully concluded, may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made.
10-Mar-2017
(C)
Contract revenue for the year decreased to R5.1 billion (2015: R5.5 billion). Operating profit for the year decreased to R63.7 million (2015: R226.2 million). Net loss for the year came to R53.6 million (2015: profit of R171.2 million). In addition, headline loss per share from continuing operations was recorded at 21.79 cents per share (2015: headline earnings per share of 143.87 cents per share).



Dividends

Due to the difficult trading environment and need to retain working capital, the board of directors has resolved not to declare a dividend.



Prospects

The company's focus remains on the southern African market including South Africa, given the need for infrastructure to stimulate the economy, while positioning ourselves to partner with existing clients as they expand their operations in southern Africa. The Basil Read order book has increased to R12.3 billion (2015: R10.7 billion), at a gross profit level of R1.4 billion and a gross margin of 11%. It is a good balance between the construction, roads, developments and St Helena airport project (R6.9 billion) and mining divisions (R5.4 billion) and reflects Basil Read's ability to trade despite challenging market conditions. The potential profit of the book is reasonable and should allow the company to significantly improve its profitability in a challenging environment. With the Olifants River water resource development project nearing its final handover, Basil Read's operations will be significantly more efficient as this is the final highly distressed contract in Basil Read. The cash drain caused by this project will finally be over and will result in much needed relief going forward.



08-Mar-2017
(Official Notice)
Further to the trading statement released on SENS on 28 February 2017, Shareholders are referred to the below revised trading statement.



As part of the process of finalising the year end results, certain items have been clarified and have resulted in a reduction in the loss per share and headline loss per share forecasted in the previous trading statement. Consequently, the per share guidance previously provided has been revised as indicated below.



Basil Read expects a loss per share for the year ended 31 December 2016, of between 44 and 53 cents (and a loss per share from continuing operations of between 22 and 26 cents) compared to the earnings per share of 137.27 cents for the previously reported corresponding period.



Shareholders are advised that Basil Read expects its headline loss per share for the year ended 31 December 2016, to be between 19 and 23 cents (and a headline loss per share from continuing operations of between 20 and 24 cents), compared to the headline earnings per share of 120.28 cents for the previously reported corresponding period.



Despite the expected loss per share and headline loss per share, shareholders are advised that Basil Read expects an operating profit of between R57.5 million and R70 million compared to an operating profit of R226 million, for the previously reported corresponding period.
28-Feb-2017
(Official Notice)
09-Feb-2017
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016, 22 August 2016, 3 October 2016, 14 November 2016 and 28 December 2016 and are advised that discussions for the potential private placement of shares that would result in Basil Read being a black owned Company are still ongoing and which, if successfully concluded, may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made.
28-Dec-2016
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016, 22 August 2016, 3 October 2016 and 14 November 2016 and are advised that discussions for the potential private placement of shares that would result in Basil Read Holdings being a black owned company are still ongoing and which, if successfully concluded, may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company?s securities until a detailed announcement is made.



14-Nov-2016
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016, 22 August 2016 and 3 October 2016 and are advised that discussions for the potential private placement of shares that would result in Basil Read being a black owned Company are still ongoing and which, if successfully concluded, may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a detailed announcement is made.
11-Oct-2016
(Official Notice)
03-Oct-2016
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 7 July 2016 and 22 August 2016 and are advised that discussions for the potential private placement of shares that would result in Basil Read Holdings being a black owned Company, and which if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a full announcement is made.
27-Sep-2016
(Official Notice)
The board of directors of Basil Read (?the Board?) announces that it has received and accepted Ms Amanda Wightman?s resignation as chief financial officer and finance director of the company with effect from 30 September 2016.



Appointment of financial director

The board of directors of Basil Read announces the appointment of Talib Sadik as the chief financial officer and financial director of the company with effect from 1 October 2016.



22-Aug-2016
(C)
16-Aug-2016
(Official Notice)
Shareholders are advised that Basil Read?s headline earnings per share for the six months ended 30 June 2016 is expected to be between 44 cents per share and 51 cents per share or between 18.5% and 37.4% higher compared to the 37.13 cents per share for the previously reported corresponding period. The difference in earnings per share is expected to be below the reporting threshold.



The results for the six months ended 30 June 2016 are expected to be released on or about 23 August 2016.
07-Jul-2016
(Official Notice)
Shareholders are hereby advised that Basil Read has entered into discussions for the potential private placement of shares 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.
02-Jun-2016
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held on Thursday, 2 June 2016, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 3 May 2016, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



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

*Total number of issued ordinary shares: 131 694 281

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 131 675 770

*Total number of issued ordinary shares which were present/represented at the annual general meeting: 91 077 015 being 69.16% of the Total Votable Ordinary Shares.

03-May-2016
(Official Notice)
Further to Basil Read?s reviewed results for the year ended 31 December 2015, published on 30 March 2016, the integrated report for the year ended 31 December 2015, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2015, (?the integrated report?) was dispatched to shareholders on 3 May 2016.



The integrated report contains no modifications to the aforementioned published reviewed results for the year ended 31 December 2015. The integrated report and the full consolidated financial statements for the year ended 31 December 2015 are available for download on the Company?s website hosted at www.basilread.co.za as well as for inspection at the Company?s registered office.



Annual general meeting

Notice is hereby given that the annual general meeting of Basil Read shareholders will be held at 10h00 on Thursday, 2 June 2016 at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg to transact the business as set out in the Notice of Annual General Meeting forming part of the integrated report.



The record date for determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Thursday, 26 May 2016. Accordingly, the last day to trade in Basil Read shares to be recorded in the register to be entitled to vote will be Thursday, 19 May 2016.



Shareholders are advised to contact the Company directly for a copy of the integrated report if they have elected to receive a hardcopy of the integrated report in the post, but have not received their copy by 2 June 2016.
19-Apr-2016
(Media Comment)
According to Business Report Basil Read is considering a possible equity raise to fund the group's growth and to expand its operations to selected African countries. The focus of the mining division in this financial year included exploring the possibility of entering regional markets, such as Lesotho, Zambia and Tanzania, and exploring other opportunities in new commodity markets, including coal. Neville Nicolau, the chief executive said other opportunities included the sale of assets, such investments and development land, the resolution of claims, negotiation of additional banking facilities following the group's return to profitability, and external funding through possible fresh notes in terms of the group's domestic medium term note programme.
18-Apr-2016
(Official Notice)
Further to publishing Basil Read?s reviewed results for the year ended 31 December 2015 on 30 March 2016 and the announcement of 4 April 2016 regarding cancellation of results presentation, shareholders are informed that the 2015 results presentation is available for download on www.basilread.co.za. Shareholders should note that the presentation will form the basis for the discussions that will take place at the road shows.



Shareholders may contact the Company directly for an electronic copy of the results presentation if they have no access to the website.
04-Apr-2016
(Official Notice)
Shareholders are referred to the trading update released by Basil Read on the Stock Exchange News Service of the JSE (?SENS?), on 14 March 2016 advising that the investor presentation is being postponed to a date which would be communicated in due course.



Shareholders are advised that Basil Read has decided to cancel the investor presentation and refers the shareholders to the reviewed provisional results published on SENS on 30 March 2016. Basil Read will conduct an investor roadshow dates of which have been communicated to the respective investors. Any investor that we have not scheduled a meeting with who would like to be included in our road shows calendar, should contact our Investor Relations Manager Jenny von Ehrenberg at jvonehrenberg@basilread.co.za.
30-Mar-2016
(C)
15-Mar-2016
(Official Notice)
Shareholders are referred to the trading update released by Basil Read on the Stock Exchange News Service of the JSE, on 11 December 2015 and 7 March 2016 advising that that the company?s earnings per share for the 12 months ending 31 December 2015 is expected to be between 61 cents and 181 cents per share or between 110% and 130% higher compared to the 599.87 cents loss per share for the previously reported corresponding period and headline earnings per share for the 12 months ending 31 December to be between 85 cents and 157 cents per share or between 123% and 143% higher compared to the 362.08 loss per share for the previously reported corresponding period.



The company is finalising the audit of its results by the Company?s auditors and the results will be published before the end of March 2016. The Company is required to, in terms of paragraph 3.4(b) of the Listing Requirements of JSE Limited (?JSE?), once reasonable certainty is obtained, to provide the guidance as set out therein.



Consequently shareholders are advised that the following guidance replaces the previously released guidance:

*Basil Read expects its earnings per share for the year ended 31 December 2015 to be between 120 cents and 150 cents per share or between 120% and 125% higher compared to the 599.87 cents loss per share for the previously reported corresponding period.

*Shareholders are further advised that Basil Read?s headline earnings per share for the year ended 31 December 2015 is expected to be between 120 cents and 150 cents per share or between 133% and 141% higher compared to the 362.08 loss per share for the previously reported corresponding period.



The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read?s external auditors.
14-Mar-2016
(Official Notice)
Shareholders are referred to the trading update released by Basil Read on the Stock Exchange News Service of the JSE (?SENS?), on 7 March 2016, advising that the company will host an investor presentation in Johannesburg on Tuesday 15 March 2016 at 10:00. This investor presentation is being postponed to a date which will be communicated in due course.
07-Mar-2016
(Official Notice)
Shareholders are referred to the trading update released by Basil Read on the Stock Exchange News Service of the JSE (?SENS?), on 11 December 2015, advising that the company expected earnings per share for the year ending 31 December 2015 to be at least 100% or 599.87 cents per share higher and headline earnings per share for the year to be at least 100% or 362.08 cents per share higher than the previously reported corresponding period.



The company is finalising its results for the year ended 31 December 2015 and is required to, in terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited (?JSE?), once reasonable certainty is obtained, to provide the guidance as set out therein. Consequently shareholders are advised that the following guidance replaces the minimum percentage difference quoted in the previous trading update.



Basil Read expects its earnings per share for the year ended 31 December 2015 to be between 61 cents and 181 cents per share or between 110% and 130% higher compared to the 599.87 cents loss per share for the previously reported corresponding period.



Shareholders are further advised that Basil Read?s headline earnings per share for the year ended 31 December 2015 is expected to be between 85 cents and 157 cents per share or between 123% and 143% higher compared to the 362.08 cents loss per share for the previously reported corresponding period.



Date of annual results and presentation

Basil Read will publish its annual results for the period ended 31 December

2015, on SENS on Tuesday, 15 March 2016. An investor presentation will be hosted in Johannesburg only at 10:00 (SA time) on the same day. The company will provide the following investor services on Tuesday 15 March 2016 at 10:00 (SA time):



Live webcast:

A live webcast of the presentation will be available on www.basilread.co.za



Live call access numbers for participants:

South Africa (Toll-Free) -- 0 800 200 648

Australia (Toll-Free) -- 1 800 350 100

United Kingdom (Toll-Free) -- 0808 162 4061



Playback access details:

(Playback code: 44743)

South Africa -- 011 305 2030

Australia -- 1 800 091 250

United Kingdom -- 0 808 234 6771



All related documents will be available for download on the same day from the company website ? www.basilread.co.za
01-Feb-2016
(Official Notice)
Shareholders are referred to the transaction announcement released on SENS on 30 October 2015 pertaining to, inter alia, the sale agreement between Basil Read Limited (a wholly owned subsidiary of Basil Read), and Much Asphalt (Pty) Ltd (?the Purchaser?) in terms of which the purchaser acquired all of the issued share capital of, claims against and equipment of Spraypave (Pty) Ltd (?Spraypave?) from Basil Read for a total purchase consideration of R78,643,000 (seventy eight million six hundred and forty three thousand rand) ?the Transaction?.



Shareholders are hereby advised that all the conditions precedent to the transaction as set out in the sale agreement have either been fulfilled or waived, as the case may be. Accordingly, the transaction is now unconditional in accordance with the terms of the sale agreement and was completed with an effective date of 1 February 2016.



11-Dec-2015
(Official Notice)
Shareholders are therefore advised that Basil Read?s earnings per share for the 12 months ending 31 December 2015 is expected to be at least 100% or 599.87 cents per share higher than the loss of 599.87 cents per share of the previously reported corresponding period.



Shareholders are further advised that Basil Read?s headline earnings per share for the 12 months ending 31 December 2015 is expected to be at least 100% or 362.08 cents per share higher than the headline loss of 362.08 cents per share of the previously reported corresponding period.



Once more certainty is obtained, Basil Read will provide further guidance as required by paragraph 3.4(b) of the Listings Requirements.



The results for the 12 months ending 31 December 2015 are expected to be published on or about 15 March 2016.
30-Oct-2015
(Official Notice)
28-Oct-2015
(Official Notice)
Shareholders are advised that the Company will be partaking in and presenting at the Construction CEO Conference hosted by Macquarie First South Securities, today, 28 October 2015. The associated presentation is available on the Company?s website hosted at www.basilread.co.za

05-Oct-2015
(Official Notice)
On 19 June 2015, Basil Read Ltd., a wholly-owned subsidiary of Basil Read, issued the BSR14, BSR15, BSR16 and BSR17 notes totalling R205 000 000 under its Domestic Medium Term Note (DMTN) programme dated 17 November 2008. This programme is unconditionally and irrevocably guaranteed by Basil Read.



Shareholders are advised that Basil Read Ltd. partially redeemed BSR15 on 2 October 2015 by repurchasing a portion of BSR15, in line with the contractual terms of the note. The amount outstanding under the DMTN programme has therefore reduced from R145 000 000 to R135 100 000.
29-Sep-2015
(Official Notice)
21-Sep-2015
(Official Notice)
On 19 June 2015, Basil Read Ltd., a wholly-owned subsidiary of Baread, issued the BSR14, BSR15, BSR16 and BSR17 notes totalling R205 000 000 under its Domestic Medium Term Note (DMTN) programme dated 17 November 2008. This programme is unconditionally and irrevocably guaranteed by Basil Read.



Shareholders are advised that Basil Read Ltd. redeemed BSR14 on 18 September 2015 in line with the contractual terms of the note. The amount outstanding under the DMTN programme has therefore reduced from R205 000 000 to R145 000 000.
17-Sep-2015
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 11 December 2014, 28 January 2015, 27 March 2015 and 14 May 2015, 26 June 2015, 7 August 2015 as well as the transaction announcement released on 15 February 2015 and are advised that the discussions for the potential disposal of certain non-core assets as set out below, are still ongoing and if successfully concluded may have a material effect on the price of the Company?s securities.



Basil Read Energy (previously part of the TWP group)

Non-binding indicative offers were received in November 2014. A preferred bidder has been selected and the transaction has now been approved by the regulator. We anticipate that the transaction will be concluded by the end of September 2015.



Other non-core assets

The Integrated Report for the year ended 31 December 2014 referred to the fact that an unsolicited non-binding offer was received for Spraypave (Pty) Ltd. (?Spraypave?) (acquired by Basread in 2006) which would be presented to the Basread Board for consideration. The discussions regarding Spraypave are still ongoing.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until full announcements are made.
28-Aug-2015
(C)
Revenue from continuing operations decreased to R2.9 billion (R3.1 billion). Operating profit from continuing operations came in at R93.7 million (loss of R255.2 million). Profit attributable to equity holders was R43.6 million (loss of R191.9 million). In addition, headline earnings per share from continuing operations came in at 47.16cps (loss of 122.31cps).



Dividend

The board has reviewed the current period?s results and, in keeping with prior years, has elected not to declare an interim dividend.



Prospects

With restructuring largely completed in the 2014 financial year, our actions are yielding results. The company has returned to profitability in a difficult trading environment and is on track to achieve its revised forecast for the 2015 financial year.



Our focus remains on the South African market, given the need for infrastructure to stimulate the economy. Although prospects for growth remain muted in the short term, the order book is stable at R10 billion. The company has achieved a degree of stability and is well positioned to participate in the roll out of infrastructure projects.



Transformation of the industry is key to fostering a collaborative relationship with government bodies and we are prioritising this as a strategic initiative. While conditions remain challenging, we are committed to our strategy which we have clearly defined: grow the company to smooth the impact of cyclical volatility, extract maximum value from our assets and divest of non-core assets, and develop the appropriate corporate culture for a focused, disciplined construction company.
25-Aug-2015
(Official Notice)
07-Aug-2015
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 11 December 2014, 28 January 2015, 27 March 2015 and 14 May 2015, 26 June 2015 as well as the transaction announcement released on 15 February 2015 and are advised that the discussions for the potential disposal of certain other non-core assets including Basil Read Energy as set out below, are still ongoing and if successfully concluded may have a material effect on the price of the Company?s securities.



Basil Read Energy (previously part of the TWP group)

Non-binding indicative offers were received in November 2014. A preferred bidder has been selected and the transaction is still subject to regulatory approval.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until full announcements are made.
04-Aug-2015
(Official Notice)
Shareholders are advised that Basread?s earnings per share for the six months ended 30 June 2015 is expected to be at least 100% or 145.75 cents per share higher than the loss of 145.75 cents per share of the previously reported corresponding period.



Shareholders are further advised that Basread?s headline earnings per share for the six months ended 30 June 2015 is expected to be at least 100% or 145.74 cents per share higher than the headline loss of 145.74 cents per share of the previously reported corresponding period.



The company is in the process of finalising its interim results for the six months ended 30 June 2015 which are expected to indicate a return to profitability. Once more certainty is obtained, Basil Read will provide further guidance as required by paragraph 3.4(b) of the Listings Requirements. The unaudited results for the six months ended 30 June 2015 are expected to be published on or about 28 August 2015.
26-Jun-2015
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 11 December 2014, 28 January 2015, 27 March 2015 and 14 May 2015, as well as the transaction announcement released on 15 February 2015 and are advised that the discussions for the potential disposal of certain other non-core assets including Basil Read Energy and Basil Read Matomo as set out below, are still ongoing and if successfully concluded may have a material effect on the price of the Company?s securities.



Basil Read Energy (previously part of the TWP group) Non-binding indicative offers were received in November 2014. A preferred bidder has been selected and the transaction is now subject to regulatory approval.



Basil Read Matomo (previously part of the TWP group) The orderly shutdown of Matomo has now been completed. Key individuals have been retained to provide ongoing support to completed projects. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until full announcements are made.
24-Jun-2015
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held on Tuesday, 23 June 2015, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 22 May 2015, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission in due course.
26-May-2015
(Official Notice)
Further to Basil Read?s reviewed results for the year ended 31 December 2014, published on 27 March 2015, the integrated report for the year ended 31 December 2014, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2014, (?the integrated report?) was dispatched to shareholders on 22 May 2015.



The integrated report contains certain modifications to the aforementioned published reviewed results for the year ended 31 December 2014. The modifications are limited to certain reclassifications to the summarised consolidated statement of cash flows. The final summarised consolidated statement of cash flows is set out in the relevant SENS note. There are no other modifications to the published reviewed results for the year ended 31 December 2014.



The integrated report and the full consolidated financial statements for the year ended 31 December 2014 are available for download on the company?s website hosted at www.basilread.co.za as well as for inspection at the company?s registered office.



Annual general meeting

Notice is hereby given that the annual general meeting of Basil Read shareholders will be held at 10h00 on Tuesday, 23 June 2015 at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg to transact the business as set out in the Notice of Annual General Meeting forming part of the integrated report.



Shareholders are advised to contact the company directly for a copy of the integrated report if they have elected to receive a hardcopy of the integrated report in the post, but have not received their copy by 23 June 2015.
14-May-2015
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 11 December 2014, 28 January 2015 and 27 March 2015 as well as the transaction announcement released on 15 February 2015 and are advised that the early stage discussions for the potential disposal of certain other non-core assets including Basil Read Energy and Basil Read Matomo as set out below, are still ongoing and if successfully concluded may have a material effect on the price of the Company?s securities.



Basil Read Energy (previously part of the TWP group) Non-binding indicative offers were received in November 2014. These offers ranged from R70 to R80 million, and included proof of funding and a completed due diligence. The executive committee has adjudicated these offers and has selected a preferred bidder with whom negotiations are ongoing, subject to Basread board?s final approval. Basil Read Matomo (previously part of the TWP group) After exploring several options for this company, the board elected to initiate an orderly shutdown of this entity. Key individuals have been retained to provide ongoing support to completed projects.
08-Apr-2015
(Official Notice)
Basread announce the appointment of Mr Mahomed Salim Ismail Gani as an independent non-executive director to the board of directors and as a member of the audit committee, with effect from 15 April 2015.
31-Mar-2015
(Official Notice)
Shareholders are referred to the reviewed provisional results presentation booklet for the year ended 31 December 2014 (?Results Booklet?) which was presented on Friday, 27 March 2015, and which is available on the Company?s website hosted at www.basilread.co.za, and are advised that the Results Booklet contained profit forecast information as defined in the Listings Requirements of the JSE as set out below:



Outlook: 2015 - 2014

* Profit/(loss) after tax: R160 million - (R820.9 million)

* Headline earnings/(loss) per share: 120 cents per share - (362.08 cents per share)



The key assumptions that have been used in arriving at these profit forecasts are set out below:

* All loss-making contracts have been fully provided for in the 2014 financial year;

* Additional work totalling R700 million expected to be awarded and performed during the 2015 financial year;

* Total revenue expected of at least R5 billion;

* Minimum gross margins of 9% on average;

* Overheads of approximately 5.4% of revenue;

* Net interest costs of R45 million;

* Taxation charge of approximately 28%;

* No new shares to be issued during the 2015 financial year; and

* No claims and/or delay damages have been included in the determination of profit after tax



Shareholders are advised that the forecasted financial information has not been reviewed and reported on by the Company?s Auditors.
27-Mar-2015
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 11 December 2014 and 28 January 2015 as well as the transaction announcement released on 15 February 2015 and are advised that the early stage discussions for the potential disposal of certain other non-core assets are still ongoing and if successfully concluded may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement is made.
27-Mar-2015
(C)
Revenue for the year increased to R6.5 billion (2013: R6.2 billion). Operating loss for the year came in at R906.2 million (2013: profit of R55.2 million), while profit for the year attributable to equity shareholders of the company plummeted to a loss of R789.9 million (2013: profit of R310.7 million). Furthermore, headline loss per share was 362.08cps (2013: earnings of 86.90cps).



Dividend

Due to the difficult trading environment and need to retain working capital, the board of directors has resolved not to declare a dividend.



Prospects

Following a concerted effort, the company has reduced its overhead costs and streamlined its operating structure, setting up Basread to return to profitability in the 2015 financial year. Of key importance is that Basread completes loss-making contracts as efficiently and quickly as possible while ensuring that claims are systematically pursued.



At R10,5 billion, the order book is satisfactory and we will focus on at least maintaining the order book at this level. Construction work in excess of R3 billion will be realised as the company continues its large-scale integrated housing developments.



With a need for infrastructure development and an approved budget in place, South Africa offers opportunities for growth and Basread will seek to capitalise on this, while being mindful of opportunities across the African continent. The contract to construct the airport on St Helena Island is evidence that Basread has the operational capacity and capabilities to successfully execute a project of this magnitude, on time and within budget.
20-Mar-2015
(Official Notice)
13-Feb-2015
(Official Notice)
28-Jan-2015
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 11 December 2014 and are advised that the early stage discussions for the potential disposal of certain of the non-core assets are ongoing and if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement is made.

11-Dec-2014
(Official Notice)
Cautionary Announcement



Shareholders are hereby advised that subsequent to Basread identifying certain assets as non-core, Basil Read Ltd., a wholly-owned subsidiary of Basil Read Holdings Limited, has been approached by third parties and have subsequently entered into early stage discussions for the potential disposal of certain of the non-core assets, which if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a full announcement is made.

01-Dec-2014
(Official Notice)
Shareholders are advised that Grindrod Bank Ltd. has been appointed as the company's Sponsor in accordance with the Listing Requirements of the JSE Limited with effect from today, 1 December 2014.
28-Nov-2014
(Official Notice)
Basread is pleased to announce the appointment of Mr Terrence Desmond Hughes as a non-executive director to the Board, with effect from 1 January 2015.
26-Nov-2014
(Official Notice)
Shareholders are advised that Basil Read expects its earnings per share and headline earnings per share for the year ending 31 December 2014 to be a minimum of 20% lower compared to the previously reported corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read?s auditors. The group?s annual results for the year ending 31 December 2014 will be published on or about 27 March 2015.
03-Nov-2014
(Official Notice)
In compliance with the JSE Listings Requirements, the following information is disclosed:



Retirement of Sindile Lester Leslie Peteni as Chairman of Basil Read



The Board of Directors of Basil Read (the "Board") hereby announces that Lester Peteni will retire as Independent Non-Executive Director and Chairman of the Company with effect from 31 December 2014.



Appointment of Paul Cambo Baloyi as new Independent Non-Executive Chairman of Basil Read

The Board is delighted to announce that Paul Cambo Baloyi, who joined the Board in November 2012, as an Independent Non-Executive Director, will succeed Lester as Independent Non-Executive Chairman, with effect from 1 January 2015. Paul has been a member of the Audit Committee, Nominations Committee and is the Chairman of the Risk Committee.



The Board of Basil Read congratulates Paul on his appointment and looks forward to his stewardship.

13-Oct-2014
(Official Notice)
Shareholders are referred to the announcement dated 22 November 2013, in which the company advised of the appointment of Ms Amanda Wightman, as interim Chief Financial Officer ("CFO") of the Group. Basread confirmed Ms Wightman's appointment as CFO and Financial Director of the company with immediate effect.
27-Aug-2014
(C)
Revenue from continuing operations increased to R3.3 billion (R3.0 billion). An operating loss of R295.5 million was recorded (profit of R80.2 million). Loss attributable to equity holders was R191.9 million (profit of R257.2 million). In addition, headline loss per share came in at 145.74cps (earnings of 43.69cps).



Dividend

The board has reviewed the current period?s results and in keeping with prior years, has elected not to declare an interim dividend.



Prospects

The group has successfully maintained the order book at R12,4 billion, with work performed in the first half of the 2014 financial year being successfully replaced through the awarding of additional work. This excludes construction work totalling R4,5 billion that will be realised as the group develops its large-scale integrated housing developments.



While trading conditions remain challenging, opportunities do exist, particularly in other African countries where the group is steadily establishing a presence. Of key importance to the success of the group is to ensure that the current loss-making contracts are successfully completed as quickly and efficiently as possible. The contract to construct the airport on St Helena Island is evidence that Basil Read has the operational capacity and capabilities to successfully execute a project of this magnitude, on time and within budget.



Under the interim CEO, the executive management team has developed an 18-month turnaround strategy, with the key components of this strategy entailing the critical evaluation of the various businesses and assets in the group into core and non-core categories. Mechanisms that will afford greater opportunities for synergy between the various teams and divisions are also in the early stages of implementation, with a view to creating a simplified structure and possible centralisation of support services.



With the recent announcement that Neville Nicolau will be taking up the position of chief executive officer on 1 September 2014 and the expectation that the chief financial officer position will be filled before the end of the 2014 financial year, the board is optimistic that stability will be restored to the group for the benefit of all stakeholders.
27-Aug-2014
(Official Notice)
Shareholders are referred to the announcement dated 28 July 2014, in which the company advised of the appointment of Mr Neville Francis Nicolau, as Chief Executive Officer of Basread with effect from 1 September 2014. The company confirmed Mr Nicolaus' appointment as executive director and member of the board of directors of Basread (the "board") with effect from 1 September 2014.



Consequently, Mr Desmond Hughes will be stepping down as interim Chief Executive Officer and an executive director of the company with effect from 1 September 2014, but will remain in the business until 31 December 2014. On behalf of the board, the Chairman thanks Mr Hughes for his valuable contribution to the Group over the past twenty years and for his stewardship during this transition period.
21-Aug-2014
(Official Notice)
Shareholders are referred to the trading update released dated 6 June 2014, advising that the Company expected earnings per share and headline earnings per share for the six months ending 30 June 2014 to be a minimum of 135% and 270% lower compared to the previously reported corresponding period.



The Group is finalising its results for the six months ended 30 June 2014, and is required to, in terms of paragraph 3.4(b) of the Listings Requirements of JSE Ltd. ("JSE"), once reasonable certainty is obtained, to provide the guidance as set out therein. Consequently shareholders are advised that the following guidance replaces the minimum percentage difference quoted in the Previous Trading Update.



Shareholders are reminded that the comparative results for the six months ended June 2013 included the profit on disposal of the TWP group in the amount of R183 million.



In the Previous Trading Update, shareholders were advised that earnings and headline earnings had been negatively affected by loss-making contracts in the roads and civil engineering divisions due to ongoing challenging conditions. In the process of finalising the Group?s results for the six months ended 30 June 2014, additional losses relating to these contracts have been recorded. For certain of these contracts, the group is currently finalising claims to be submitted, but has not included any of these claims and/or possible delay damages in projecting the estimated earnings and headline earnings decline.



Shareholders are therefore advised that Basread expects its earnings per share for the six months ended 30 June 2014 to be a loss of between 131.18 and 160.33 cents per share compared to the 195.28 cents earnings per share for the previously reported corresponding period. The prior year earnings per share includes the profit on disposal of TWP as disclosed above.



Shareholders are further advised that Basil Read expects its headline earnings per share for the six months ended 30 June 2014 to be a loss of between 131.17 and 160.31 cents per share compared to the 43.69 cents headline earnings per share for the previously reported corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read?s auditors.



The Group?s interim results for the six months ending 30 June 2014, will be published on or about 27 August 2014.

21-Aug-2014
(Official Notice)
Shareholders are referred to the integrated annual report for the year ended 31 December 2013, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2013, that was dispatched to shareholders on 26 May 2014, and are advised that Mr Charles Peter Davies and Ms Nopasika Vuyelwa Lila retired by rotation from the board of directors of Basil Read with effect from the date of the annual general meeting held on 26 June 2014. Ms Doris Dondur, appointed with effect from 24 June 2014, succeeds Ms Lila as Chairman of the Company's audit committee.
28-Jul-2014
(Official Notice)
The board of directors of Basil Read (the "Board") is pleased to announce the appointment of Neville Francis Nicolau as Chief Executive Officer and Executive Director of the Company, with effect from 1 September 2014.





Mr Nicolau brings 35 years of operating, company leadership and corporate experience, having previously been the Chief Executive Officer at Anglo American Platinum Limited and Chief Operating Officer and Executive Director of Anglogold Ashanti Limited. He has an MBA from the University of Cape Town, a B Tech, Mining Engineering, from the University of Johannesburg, completed a Management Development Programme (MDP) at Unisa, School of Business Leadership, and has a Certificate in Advanced Management Programme (AMP) from Templeton College, Oxford.
30-Jun-2014
(Official Notice)
Basread announced the appointment of Ms Doris Dondur as independent non-executive director to the board, with effect from 24 June 2014.
26-Jun-2014
(Official Notice)
Basread shareholders were advised that, at the Annual General Meeting of the Company held on 26 June 2014, at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg, the ordinary resolutions, with the exception of ordinary resolution 3 which was withdrawn at the Annual General Meeting, and the special resolutions, as set out in the Notice of Annual General Meeting contained in the 2013 Integrated Annual Report, were passed by the requisite majority of shareholders. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
06-Jun-2014
(Official Notice)
Shareholders are advised that Basread expects its earnings per share for the six months ending 30 June 2014 to be a minimum of 135% lower compared to the previously reported corresponding period. Shareholders are further advised that Basread expects its headline earnings per share for the six months ending 30 June 2014 to be a minimum of 270% lower compared to the previously reported corresponding period. The comparative results to June 2013 include the profit on disposal of the TWP group in the amount of R183 million.



Earnings and headline earnings have been negatively affected by loss-making contracts in the roads and civil engineering divisions due to ongoing challenging conditions. For certain of these contracts, the group is currently finalising claims to be submitted, but has not included any of these claims and/or possible penalties in projecting the estimated earnings and headline earnings decline.



The group's interim results for the six months ending 30 June 2014 will be published on or about 27 August 2014.



Update regarding dividend

Shareholders are referred to the results announcement on 26 March 2014 in which the group indicated that deliberations regarding a possible dividend were continuing. Shareholders are now advised that the board has decided not to declare a dividend in relation to the year ended 31 December 2013.
05-Jun-2014
(Official Notice)
Shareholders were referred to the announcement dated 27 March 2014, in which the company advised of the appointment of Mr Terence Desmond Hughes, as interim CEO with effect from 1 June 2014. The company confirmed Mr Hughes appointment as executive director and member of the board of directors with effect from 1 June 2014.
27-May-2014
(Official Notice)
Further to Basread's reviewed results for the year ended 31 December 2013, published on 26 March 2014, the integrated annual report for the year ended 31 December 2013, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2013, (the "Integrated Annual Report") were dispatched to shareholders on 26 May 2014.



The Integrated Annual Report contains certain modifications to the aforementioned published reviewed results for the year ended 31 December 2013. The modifications are limited to certain reclassifications to the summarised consolidated statement of cash flows as well as an adjustment to the capital expenditure for the period. The final summarised consolidated statement of cash flows and additional information to the annual financial statements is set out below. There are no other modifications to the published reviewed results for the year ended 31 December 2013



The Integrated Annual Report and the full consolidated financial statements for the year ended 31 December 2013, are available for download on the company's website hosted at www.basilread.co.za as well as for inspection at the Company's registered office.



Annual general meeting

The annual general meeting of Basread shareholders will be held at 10h00 on Thursday, 26 June 2014 at the Basread Campus, 7 Romeo Street, Hughes Extension, Boksburg, Johannesburg to transact the business as set out in the Notice of the Annual General Meeting forming part of the Integrated Annual Report.



Shareholders are advised to contact the Company directly for a copy of the Integrated Annual Report if they have elected to receive a hardcopy of the Integrated Annual Report in the post, but have not received their copy by 26 June 2014.
27-Mar-2014
(Official Notice)
Basread announces that Mr Marius Heyns, the Chief Executive Officer ("CEO") of the company, has advised the board of directors (the "board") of his intention to retire. As a consequence, the board has accepted Marius' resignation as a director of the company with effect from 31 May 2014.



Marius will continue to serve as CEO of the company until his retirement. Basread has initiated the necessary processes with regard to the appointment of a successor for Marius as CEO of the company.



To this end, Mr Terence Desmond Hughes, the Managing Director of Basil Read Developments, has been appointed as interim CEO with effect from 1 June 2014, however will commence working with Marius and the board with effect from 1 May 2014, to ensure an efficient hand-over process.



Basread has a strong and capable management team that will assist in ensuring that the appropriate business focus remains in place during the period when the process of seeking a successor for Marius takes place.
26-Mar-2014
(C)
Revenue for the year shot up to R6.3 billion (2012: R5.5 billion). Operating profit for the year turned around to R67.6 million (2012: loss of R170.9 million), while profit for the year attributable to equity shareholders of the company came in at R310.7 million (2012: loss of R170.4 million). Furthermore, headline earnings per share was 88.16cps (2012: loss of 130.84cps).



Dividends

Shareholders are reminded that a special dividend of 175cps was paid to shareholders on 24 June 2013. Deliberations relating to any further dividend will be decided on completion of the 2013 audit process.



Prospects

Trading conditions in the South African construction sector remain challenging and the roll out of public sector work remains slow. To offset the weak local conditions, the group is targeting further expansion into other African countries, where significant opportunities exist across all divisions. The group has successfully expanded the order book by 22% to a level of R12,5 billion at the end of December 2013. This excludes construction work totalling R4,5 billion that will be realised as the group develops its large-scale integrated housing developments. Work performed in the first quarter of the 2014 financial year has been successfully replaced through the awarding of additional work, sustaining the current order book at December levels.



During the 2013 financial year the group submitted tenders for a total amount of R60 billion, with a strike rate of approximately 10%. Tenders submitted in the first two months of 2014 exceed R10 billion, of which R1 billion has been awarded. Geographies that the group is targeting include countries in West Africa, specifically Guinea, Sierra Leone, Ghana and Senegal. Opportunities have also been identified in Botswana and Zambia, where the group has an established presence.



The 2013 financial year was a year of consolidation and stabilisation following a poor operational performance in 2012. With significant prospects, a strong order book and a substantially stronger balance sheet, we are optimistic that the basics are in place for a successful year ahead and the ongoing sustainability and growth of the group.
20-Mar-2014
(Official Notice)
Shareholders are advised that Basil Read expects its earnings per share for the 12 months ended 31 December 2013 to be between 220 and 250 cents per share compared to the 136.54 cents loss per share for the previously reported corresponding period.



Shareholders are further advised that Basil Read expects its earnings per share from continuing operations for the 12 months ended 31 December 2013 to be between 90 and 100 cents per share compared to the 158.21 cents loss per share for the previously reported corresponding period.



Shareholders are further advised that Basil Read expects its headline earnings per share for the 12 months ended 31 December 2013 to be between 80 and 90 cents per share compared to the 130.84 loss per share for the previously reported corresponding period The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read?s auditors. Basil Read intends to publish its annual results for the year ended 31 December 2013 on or about 26 March 2014.
22-Nov-2013
(Official Notice)
Basread advised that Mr P J Marais has resigned as financial director of Basread with effect from 22 November 2013, to pursue other career opportunities. Ms Amanda Wightman has been appointed as interim chief financial officer, with immediate effect. The company will effect a permanent appointment to the financial director position in due course and will make a further announcement as soon as this appointment has been finalised.
01-Oct-2013
(Media Comment)
Business Report noted that the mining division of Basread has been awarded a R1.8 billion project by Weatherly International to perform contract mining services for the Tschudi copper project in Namibia. The project consists of a ten month start-up phase and the open-pit phase.
29-Aug-2013
(C)
14-Aug-2013
(Official Notice)
Shareholders are advised that Basil Read expects its earnings for the six months ending 30 June 2013 to be between 1015% and 1025% higher compared to the previously reported corresponding period. Shareholders are further advised that Basil Read expects its headline earnings for the period ending 30 June 2013 to be between 190% and 200% higher compared to the previously reported corresponding period.



Earnings for the year have been positively affected by an overall improvement in operational performance and the profit realised on disposal of TWP Holdings (Proprietary) Limited. The group has further raised a provision of R20 million in the period under review in terms of the settlement agreement reached with the Competition Commission, bringing the total provision to an amount of R95 million.



The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read's auditors. The group's interim results for the six months ending 30 June 2013 will be published on or about 29 August 2013..
01-Aug-2013
(Official Notice)
Basread shareholders were referred to the announcements released on SENS on Monday, 3 June 2013 and Friday, 7 June 2013 wherein it was advised that Mr Donny Gouveia would continue in his role as deputy CEO It is with regret that Basread has accepted the resignation of Mr Gouveia with effect from Wednesday, 31 July 2013, as he pursues a new career opportunity within the construction / financial services industry.
01-Aug-2013
(Official Notice)
Basread shareholders are referred to the announcements released on SENS on Tuesday, 4 June 2013 and Friday, 7 June 2013 wherein it was advised that Mr Donny Gouveia would continue in his role as Deputy Chief Executive Officer. It is with regret that Basread has accepted the resignation of Mr Gouveia with effect from Wednesday, 31 July 2013, as he pursues a new career opportunity within the construction / financial services industry.
25-Jul-2013
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service on Monday, 24 June 2013 and are hereby advised that on Monday, 22 July 2013 the Competition Tribunal confirmed the amount of R95 million as the Group's penalty for anti- competitive transgressions to be paid in two equal installments, the first installment is payable within 30 days of the order, with the remainder payable 12 months thereafter.

24-Jun-2013
(Official Notice)
Shareholders are referred to the company's 2012 Financial Results released on SENS on Wednesday, 27 March 2013, and are advised that the Company has reached a settlement agreement in the amount of R95 million ("Settlement Amount") with the Competition Commission as part of the Commission's fast track settlement programme.



The Settlement Amount will be payable in two equal instalments the first of which is payable 30 days after confirmation of the consent agreement as an order of the Competition Tribunal, and the second of which is payable six months after the first payment. Basread provided R75 million in its 31 December 2012 results and the additional R20 million will be recorded in the current financial year (FY 2013).
21-Jun-2013
(Official Notice)
Basread refers to the media reports regarding its termination of Thusanang Gast as sub-contractor to Basil Read for certain sub-contract works at Medupi Power Station. The termination was brought about through ongoing non-performance on the part of Thusanang Gast, who has already been replaced by another sub- contractor, who is performing well in their stead. Thusanang Gast is disputing the basis of its termination under the contract, as is its right. The dispute will be resolved by way of arbitration in due course.
06-Jun-2013
(Official Notice)
Basread shareholders were advised that, at the annual general meeting of the company held today, 6 June 2013, at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg, all the resolutions as set out in the Notice of Annual General Meeting contained in the 2012 annual financial statements, were passed by the requisite majority of shareholders.



The special resolution will be filed with the Companies and Intellectual Property Commission in due course.



In addition, shareholders were advised that ordinary resolution number 3 relating to the special dividend, declared in the trading update announcement released on 15 March 2013 on the Stock Exchange News Service, has been approved by the requisite majority of shareholders.



Accordingly, the following finalisation information is provided in respect of the special dividend:



The special gross dividend of 175 cents per share has been declared from income reserves (the purchase consideration of the disposal) and no secondary tax on companies? credits has been used. A dividend withholding tax of 15% will therefore be applicable to all shareholders who are not exempt. The special dividend net of dividend withholding tax thus amounts to 148.75 cents per share.



The issued share capital of Basread at the finalisation date is 131 694 281 ordinary shares. The tax reference number of Basread is 9950051715.



In order to comply with the requirements of Strate the relevant details are as follows:

*Finalisation date of special dividend -- Thursday, 6 June 2013

*Last day to trade cum-special dividend -- Thursday, 13 June 2013

*Ordinary shares commence trading ex-special dividend -- Friday, 14 June 2013

*Record date (date shareholders recorded in books) -- Friday, 21 June 2013

*Payment date -- Monday, 24 June 2013

No share certificates may be dematerialised or rematerialised between Friday, 14 June 2013 and Friday, 21 June 2013, both dates inclusive.
03-Jun-2013
(Official Notice)
Basread announced the appointment of Mr Pieter Marais as financial director to the board of directors with effect from Thursday, 30 May 2013. Accordingly, Mr Donny Gouveia has resigned in his capacity as financial director with immediate effect.
07-May-2013
(Official Notice)
Further to Basread's audited results for the year ended 31 December 2012, published on 27 March 2013, the annual financial statements for the year ended 31 December 2012, incorporating the Notice of Annual General Meeting (the "annual report") were dispatched to shareholderson 7 May 2013.



The annual report contains no modifications to the aforementioned published audited results for the year ended 31 December 2012, and is available for download on the company's website hosted at www.basilread.co.za as well as for inspection at the company's registered office.



Annual general meeting

The annual general meeting of Basread shareholders will be held at 10h00 on Thursday, 6 June 2013 at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg, Johannesburg to transact the business as set out in the Notice of the Annual General Meeting forming part of the annual report. Shareholders are advised to contact the company directly for a copy of the annual report if they have elected to receive a hardcopy of the annual report in the post, but have not received their copy by 6 June 2013.
27-Mar-2013
(Official Notice)
15-Mar-2013
(Official Notice)
Basil Read announce the following changes to its board of directors in compliance with paragraphs 3.59(a) and (b) of the Listings Requirements of the JSE Ltd:

*Mr Connie Molusi has been appointed as non-executive director to the Board, with effect from today, 14 March 2013, representing the company's Black Economic Empowerment partner, SIOC CDT Investment Holdings Pty Ltd;

*Ms Andiswa Ndoni has been appointed as company secretary to Basil Read, with effect from today, 14 March 2013, and as a result the company has accepted the resignation of Merchantec (Pty) Ltd as company secretary to Basil Read, with effect from today, 14 March 2013; and

*Mr Nigel Townshend is no longer an employee of Basil Read as a result of the implementation of the disposal of TWP Holdings Pty Ltd to WorleyParsons RSA Pty Ltd, and consequently no longer qualifies to act as an executive director to the board with effect from Tuesday, 12 March 2013. His resignation will be filed with the Companies and Intellectual Property Commission in due course.
15-Mar-2013
(Official Notice)
08-Mar-2013
(Official Notice)
Basil Read shareholders are referred to the circular dated Friday, 8 February 2013, regarding the agreement dated 23 October 2012 entered into between Basil Read and WorleyParsons RSA (Pty) Ltd (WorleyParsons SA), a subsidiary of WorleyParsons Ltd (WorleyParsons), whereby WorleyParsons SA will acquire the entire issued share capital held by Basil Read in TWP Holdings (Pty) Ltd (TWP), for a cash consideration of ZAR900 million (purchase consideration), hereinafter the proposed transaction and are advised that all the ordinary resolutions to effect the proposed transaction were approved by the requisite majority of shareholders present and represented at the general meeting of shareholders held at the registered office of Basil Read, being The Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg 1459, today, Friday, 8 March 2013. As all the remaining outstanding conditions precedent have now been fulfilled the proposed transaction is unconditional.
06-Mar-2013
(Official Notice)
Basread shareholders are referred to the circular dated Friday, 8 February 2013, regarding the agreement dated 23 October 2012 entered into between Basread and WorleyParsons RSA (Pty) Ltd. ("WorleyParsons SA"), a subsidiary of WorleyParsons Ltd. ("WorleyParsons"), whereby WorleyParsons SA will acquire the entire issued share capital held by Basil Read in TWP Holdings (Pty) Ltd. ("TWP"), for a cash consideration of ZAR900 million ("Purchase Consideration"), hereinafter the "Proposed Transaction". Using the terms as defined in the circular, Basread shareholders are advised that all the conditions precedent relating to the Proposed Transaction have been fulfilled, apart from the following:

* the Shareholders of Basread approving the Proposed Transaction, as required in terms of the Listings Requirements of the JSE on or before 8 March 2013; and

* within a period of 24 hours after the last of all of the other Conditions Precedent being fulfilled or waived, as the case may be, no Material Adverse Change having occurred, provided that if WorleyParsons SA advises Basread that a Material Adverse Change has occurred, and if Basil Read disputes same, the fulfilment of this Condition Precedent shall be extended until such time as the dispute has been resolved in accordance with the terms as set out in the Sale Agreement (which is standard for an agreement of this nature).



Shareholders are reminded that the general meeting in respect of the Proposed Transaction will be held at the registered office of Basread, being The Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg 1459, at 10:00 South African Time on Friday, 8 March 2013, for the purpose of considering and, if deemed fit, passing with or without modification, the ordinary resolutions relating to the Proposed Transaction.
08-Feb-2013
(Official Notice)
21-Dec-2012
(Official Notice)
Basread shareholders were referred to the announcements released on the Securities Exchange News Service ("SENS") on Tuesday, 23 October 2012 (the "Initial Transaction Announcement") and Wednesday, 5 December 2012, respectively, regarding the agreement dated 23 October 2012, entered into with WorleyParsons Ltd. whereby WorleyParsons RSA Group (Pty) Ltd., will acquire the entire issued share capital held by Baread in TWP Holdings (Pty) Ltd. ("TWP") for a cash consideration of R900 million (the "Proposed Transaction"). The terms defined in the Initial Transaction Announcement apply throughout this announcement unless otherwise stated.



For the purposes of this announcement, the TWP Carve-Out group comprises TWP, and the following subsidiaries and joint ventures that will be legally bound together through a reorganisation that will occur prior to the Proposed Transaction: TWP Limpopo Engineers (Pty) Ltd., TWP Projects (Pty) Ltd., Effluent Technologies (Pty) Ltd., TWP Environmental Services (Pty) Ltd., TWP Projects DRC SPRL, TWP Sud-America and Lisinfo 203 Trading (Pty) Ltd. (a joint venture of TWP Holdings (Pty) Ltd). The TWP Carve-Out group therefore excludes, Basil Read Matomo Projects (Pty) Ltd., TWP Matomo Process Plant (Pty) Ltd., TWP Investments (Pty) Ltd., LYT Architecture (Pty) Ltd. (previously TPSP Architects (Pty) Ltd.) and TWP Australia (Pty) Ltd., together the "Excluded Companies". The Excluded Companies will continue to operate as wholly-owned subsidiaries of Basread, on a standalone basis within the group.



Unaudited pro forma financial effects relating to the proposed transaction

These are available in detail in the relevant SENS note.



Circular and salient dates and time relating to the proposed transaction

A circular containing full details of the Proposed Transaction and incorporating a notice of general meeting of Basread shareholders will be posted to shareholders, in due course.



In addition, a further announcement regarding the salient dates and times relating to the implementation of the Proposed Transaction will be announced to shareholders in due course.
19-Dec-2012
(Media Comment)
Business report highlighted that Basil Read has been awarded a R193 million contract for the building of the permanent access road for Swakop Uranium's Husab uranium mine project in Namibia. The listed construction and engineering group said that the project involved building 22km of road from outside Swakopmund to Swakop's uranium plant and was expected to be completed by February 2014. The project includes the construction of 160km- long bridge over the Khan River.
05-Dec-2012
(Official Notice)
Basread shareholders are referred to the cautionary announcements released by the company on SENS on Monday, 02 July 2012, Tuesday, 14 August 2012, Thursday, 23 August 2012, Friday, 5 October 2012 and Tuesday, 23 October 2012, respectively, and are advised that as the pro forma financial effects of the Proposed Transaction are still being determined, which may have a material effect on the price of Basread shares, shareholders are accordingly advised to continue to exercise caution when dealing in Basread's securities until a further announcement is made.
05-Dec-2012
(Official Notice)
16-Nov-2012
(Official Notice)
Basread are referred to the results of the general meeting announcement released on SENS on Friday, 26 October 2012 and published in the press on Monday, 29 October 2012 whereby shareholders were advised that the Broad Based Black Economic Empowerment transaction between the company and SIOC CDT Investments Holdings (Pty) Ltd. ("SIOC") ("the transaction") was approved by the requisite majority of shareholders and that the transaction was still subject to certain remaining conditions precedent.



Shareholders are hereby advised that all the remaining conditions precedent to the transaction have been timeously fulfilled and that the transaction is now unconditional.
06-Nov-2012
(Official Notice)
Basread announced the following change to its board of directors:

* Mr Paul Cambo Baloyi has been appointed as non-executive director to the Board, with effect from Friday, 2 November 2012.
26-Oct-2012
(Official Notice)
Basread shareholders are referred to the circular to shareholders dated 28 September 2012 regarding the Broad Based Black Economic Empowerment ("BBBEE") transaction for an effective holding of 25.1% by SIOC CDT Investment Holdings (Pty) Ltd. ("SIOC") of the total issued share capital of Basread and related matters ("the transaction").



Shareholders are advised that at the general meeting held on 26 October 2012, all the special resolutions and all the ordinary resolutions (as amended per the SENS announcement on 5 October 2012) were approved by the requisite majority of shareholders to effect the transaction.



Shareholders are therefore advised that the only remaining conditions precedent to the transaction are:

* the registration (where necessary) of the aforesaid resolutions with CIPC; and

* the approval of the JSE in respect of the listing of the initial ordinary shares, as defined in the circular.
24-Oct-2012
(Media Comment)
Business Day highlighted that JSE- listed construction and engineering firm Basil Read has sold its engineering project house, TWP Holdings, for R900 million in cash to reduce its debt, fund organic growth and engage in other capital management initiatives, including rewarding shareholders.
23-Oct-2012
(Official Notice)
23-Oct-2012
(Official Notice)
Basread announced that it has entered into an agreement with WorleyParsons Ltd. (WP) whereby WorleyParsons RSA Group (Pty) Ltd., a wholly-owned subsidiary of WP, will acquire the entire issued share capital of TWP Holdings (Pty) Ltd. ("TWP") for a cash consideration of R900 million. The acquisition of TWP excludes Basil Read Matomo Projects (Pty) Ltd., TWP Investments (Pty) Ltd. and LYT Architecture (Pty) Ltd., formerly TPS.P Architects Ltd. The excluded companies will continue to operate autonomously and as wholly-owned subsidiaries of Basread.



Basread will pursue its growth into value-added EPC services through its continued ownership of Basil Read Matomo. Basil Read Matomo will lead the growth strategy of the Group's current focus in the energy and renewable sectors, among others. The agreement with WP makes provision for TWP executives currently seconded to Basil Read Matomo projects to complete these projects on arms-length terms. The agreement also specifically allows for Basil Read Matomo to provide Engineering, Procurement and Construction Management (EPCM) services within the scope of its existing activities and consistent with its growth strategy.



The purchase consideration is payable in cash by WP on the implementation date. The implementation of the proposed transaction is subject to the fulfilment of a number of conditions precedent common to a transaction of this nature, including Competition Commission approval and approval by Basread shareholders.



The cautionary announcements released by Basread on SENS remain in effect until the pro forma financial effects of the proposed transaction on the reported financial information of Basread, as well as the salient dates and times relating to the implementation of the transaction are announced.
05-Oct-2012
(Official Notice)
Further to the cautionary announcements dated Monday, 2 July 2012, Tuesday, 14 August 2012 and Thursday, 23 August 2012, shareholders are advised that Basread is continuing with negotiations which may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
05-Oct-2012
(Official Notice)
Shareholders were referred to the circular including a notice of general meeting regarding the proposed Broad-Based Black Economic Empowerment transaction dispatched to them on 28 September 2012. Shareholders are referred to Special Resolution 2, which currently reads as follows:



"Creation of 'A' Ordinary Shares relating to 6433 607 507 'A' Ordinary Shares."



Special Resolution 2 should read: "Creation of 'A' Ordinary Shares relating to 33 607 507 'A' Ordinary Shares."



Shareholders will also be advised of this erratum via mail.
28-Sep-2012
(Official Notice)
Basread shareholders are reminded that Basread is currently trading under cautionary which was released on SENS on 2 July 2012 and renewed on 14 August 2012 and on 23 August 2012. Such announcements relate to a separate transaction.
28-Sep-2012
(Official Notice)
Further to the announcement released by Basil Read on 28 June 2012, using the terms defined in that announcement unless otherwise stated, shareholders are advised that on Friday, 28 September 2012, Basread posted to shareholders a circular containing details in respect of:

* the BBBEE Transaction; and

* the issue of the Subscription Shares; (collectively the "Proposals"), and incorporating

* a notice convening a general meeting of Basread ordinary shareholders to approve the Proposals ("General Meeting"); and

* a form of proxy for use by Basread certificated shareholders and Basread dematerialised shareholders with "own name" registration only, (hereinafter the "BBBEE Circular").



Salient dates 2012

* Record date, as determined by the Board in accordance with section 59 of the Companies Act, for shareholders to be eligible to receive the BBBEE Circular and notice of General Meeting: Friday, 21 September

* Posting of this Circular : Friday, 28 September

* Last day to trade in order to be eligible to vote at the General Meeting : Friday, 12 October

* Record date to be eligible to vote at the General Meeting : Friday, 19 October

* Last day to lodge forms of proxy by 8h30 on Thursday, 25 October

* General Meeting to be held at 8h30 on Friday, 26 October

* Results of the General Meeting published on SENS : Friday, 26 October

* Results of the General Meeting published in the press : Monday, 29 October

* Expected date of Transaction to be unconditional no later than Friday, 30 November

* Expected listing of the new Ordinary Shares on the JSE on or about Friday, 30 November



Unaudited pro forma financial effects

Before - after transaction

* Earnings per share (cents) : 17.41 - (9.89)

* Headline earnings per share (cents) : 14.75 - (12.39)

* Diluted earnings per share (cents) : 17.41 - (9.89)

* Diluted headline earnings per share (cents) : 14.75 - (12.39)

* Net asset value per share (cents) : 1476.05 - 1457.30

* Weighted average number of shares in issue net of treasury shares ('000) : 123 798 - 131 681.
23-Aug-2012
(C)
23-Aug-2012
(Official Notice)
Basread announced the following changes to its board of directors (the ''Board''): *Dr Claudia Estelle Manning appointed as independent non-executive director to the Board effective 23 August 2012; *Ms Nopasika Vuyelwa Lila appointed as independent non-executive director to the Board effective 23 August 2012; and *Ms Given Refilwe Sibiya's resignation as independent non-executive director on the Board effective 31 August 2012.



Shareholders were advised that the board has accepted Ms Sibiya's resignation as non-executive director of Basil Read, chair of the Audit and Risk Committee and member of the Remuneration Committee, with effect from Friday, 31 August 2012.



The board announced the appointment of both Dr Claudia Estelle Manning and Ms Nopasika Vuyelwa Lila as non-executive directors to the Board, with effect from Thursday, 23 August 2012.
15-Aug-2012
(Official Notice)
Shareholders are advised that Basread expects its earnings and headline earnings for the six months ending 30 June 2012 to be between 75% and 85% lower compared to the previously reported corresponding period.



Earnings for the year have been negatively affected by difficult trading conditions in the construction sector which have led to the group raising provisions for further end of site losses. In addition, following the group's loss of an arbitration process relating to a buildings contract, the group further realised a loss of R27 million. The group has a signed settlement letter from the Free State Provincial Government relating to two roads contracts in the Free State Province which has resulted in the recognition of a R25 million loss on these contracts. The group has been awarded a significant adjudicator's award relating to a railway contract, in excess of R140 million. The client has however indicated that it intends to appeal the adjudicator's decision and refer the matter for arbitration. This award has not been accounted for in the results to June 2012.



Despite the poor performance in the first half of the 2012 financial year, shareholders are advised that Basread expects its earnings for the 12 months ending 31 December 2012 to be between 15% and 25% lower compared to the previously reported corresponding period and headline earnings for the 12 months ending 31 December 2012 to be between 30% and 40% lower compared to the previously reported corresponding period. The abovementioned adjudicator's award has not been included in the above calculation of earnings and headline earnings. The group's interim results for the six months ending 30 June 2012 is expected to be published on or about 23 August 2012.
14-Aug-2012
(Official Notice)
Further to the cautionary announcement dated Monday, 02 July 2012, shareholders are advised that Basread is continuing with negotiations, which may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
27-Jul-2012
(Official Notice)
The JSE Ltd. has granted a listing to Basil Read (Pty) Ltd. under their Domestic Medium-Term Note Programme dated 17 November 2008. The programme is unconditionally and irrevocably guaranteed by Basil Read.



Investors are advised that Basread has been accorded a long term ZAR credit rating BBB+ (triple B plus) and a short term rating of A2 (A two), with a stable ratings outlook. The rating is one notch lower than the previous long and short term ZAR credit ratings of A- (single A minus) and A1- (A one minus) respectively. The ratings are accorded by Global Credit Rating Co.
16-Jul-2012
(Official Notice)
Shareholders were reminded that the company remains under cautionary as a result of the cautionary announcement released on SENS on Monday, 2 July 2012 and published in the press on Tuesday, 3 July 2012.
16-Jul-2012
(Official Notice)
This announcement follows the announcement released on SENS on Thursday, 28 June 2012, relating to the transaction ("the announcement"). All expressions defined in the announcement and used in this announcement shall bear the meaning assigned to them in the announcement, unless such words or expressions are otherwise defined in this announcement.



Unaudited pro forma financial effects

Highlights:

*Earnings per share after the transaction falls by 65.2% from 113.88c to 39.64cps.

*Headline earnings per share after the transaction decreases by 54.3% from 139.65c to 63.87cps.



There has recently been volatility in the Basread share price which has a direct effect on certain assumptions underlying the unaudited pro forma financial effects. Consequently, shareholders should exercise caution in reading the unaudited pro forma financial effects.



Withdrawal of cautionary announcement

Shareholders of Basread are advised that as the unaudited pro-forma financial effects of the transaction have now been released, the cautionary announcement published on 28 June 2012 has been withdrawn.
02-Jul-2012
(Official Notice)
Shareholders were advised that Basread has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
28-Jun-2012
(Official Notice)
Basread shareholders are referred to the renewal of cautionary announcement dated 15 June 2012 and are advised that the pro forma financial effects of the proposed Transaction will be released on SENS and in the press. Accordingly, Basread shareholders are advised to continue exercising caution when trading in their respective securities until such time as a further announcement is made and the pro forma financial effects are published.
28-Jun-2012
(Official Notice)
15-Jun-2012
(Official Notice)
Further to the cautionary announcements dated Monday, 12 March 2012 and 30 April 2012, respectively, shareholders are advised that Basread is currently in discussions regarding a possible transaction, the full impact of which is still being determined, which may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities, until a further announcement has been made.
13-Jun-2012
(Media Comment)
According to Business Day, Basread purchased three Volvo cranes, used for laying pipes, from Babcock International Group. The transaction places Basread as the owner of the largest fleet of Volvo pipe layers in Africa. Roelof van der Merwe, MD of Basread's plant division was quoted saying that the procurement reinforced the group's position in the pipe-laying industry, allowing them to be more competitive in tendering for large diameter pipeline construction projects. An analyst at Afrifocus Securities, Hugan Chetty, said that the deal was good for Basread given that there is a market for water-based construction.
07-Jun-2012
(Official Notice)
Basread shareholders are advised that, at the annual general meeting of the company held on 7 June 2012, at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg, all the resolutions as set out in the notice of annual general meeting contained in the 2011 annual financial statements, were passed by the requisite majority of shareholders.
08-May-2012
(Official Notice)
Further to Basread's audited results for the year ended 31 December 2011, published on 22 March 2012, the annual financial statements for the year ended 31 December 2011, incorporating the notice of annual general meeting (the "annual report") were dispatched to shareholders on 07 May 2012. The annual report contains no modifications to the aforementioned published audited results for the year ended 31 December 2011, and is available on the company's website hosted at www.basilread.co.za.



Annual general meeting

The annual general meeting of Basread shareholders will be held at 10:00 on Thursday, 7 June 2012 at the Basil Read Campus, 7 Romeo Street, Hughes, Boksburg, Johannesburg to transact the business as set out in the notice of the annual general meeting forming part of the annual report.
30-Apr-2012
(Official Notice)
Further to the cautionary announcement dated Monday, 12 March 2012, shareholders were advised that Basread is currently in discussions regarding a possible transaction, the full impact of which is still being determined, which may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities, until a further announcement has been made.
17-Apr-2012
(Official Notice)
Further to the announcement released on SENS on 12 March 2012 regarding the resignation of Ms Enna Kruger as company secretary, shareholders are hereby advised that Merchantec (Pty) Ltd. ("Merchantec Capital") has been appointed as company secretary of Basread with effect from 17 April 2012. Merchantec Capital's appointment will be effective for an initial period of six months.
22-Mar-2012
(C)
12-Mar-2012
(Official Notice)
Shareholders are advised that Ms Enna Kruger has resigned as company secretary of Basread with effect from 5 April 2012. Shareholders will be advised of the appointment of the new company secretary in due course.
12-Mar-2012
(Official Notice)
Shareholders were advised that Basread has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
02-Mar-2012
(Official Notice)
Shareholders are advised that Basread expects its earnings for the period ending 31 December 2011 to be between 39% and 49% lower compared to the previously reported corresponding period. Shareholders are further advised that Basread expects its headline earnings for the period ending 31 December 2011 to be between 28% and 38% lower compared to the previously reported corresponding period.



Earnings for the year have been negatively affected by difficult trading conditions in the construction sector which have led to the group raising provisions for end of site losses in the amount of R115 million. These provisions relate primarily to three loss making contracts comprising a railway construction project in the Northern Cape, a roads contract in the Free State and a roads contract in Botswana. The group currently has claims against certain of these losses but due to the uncertain nature of the outcome of these claims, no provision has been made for any potential recovery. Shareholders are further advised that included in headline earnings is an adjustment for the impairment of goodwill relating to the group's investment in Sladden International (Botswana) (Pty) Ltd. The group's results for the period ending 31 December 2011 will be published on or about 22 March 2012.
16-Feb-2012
(Official Notice)
Basil Read is pleased to announce that the company has been awarded the contract for construction of the works for phases 2C and 2H in terms of the Olifants River Water Resources Development Project. The client is the Trans-Caledon Tunnel Authority ("TCTA"). This award is the first phase of a two-phase project totalling R2.0 billion. Construction of phases 2C and 2H is to take place over a 21-month period at a contract value of approximately R1.2 billion, excluding escalation, contingency and VAT. The Basil Read group?s order book following this award is valued at R14.0 billion. Announcements relating to the award of the second phase of the project comprising phase 2D of the Olifants River Water Resources Development Project will be made in due course.
25-Nov-2011
(Official Notice)
Shareholders were referred to the announcement relating to the acquisition of a 52% interest in Central Systems (Pty) Ltd by Basil Read (the "acquisition") released on Wednesday, 7 September 2011 and are advised that negotiations regarding the finalisation and execution of the definitive documentation relating to the acquisition have been terminated. Shareholders are advised that caution is no longer required to be exercised by shareholders when dealing in their securities.
03-Nov-2011
(Official Notice)
Basread announced that the company has been awarded the contract to design, build, operate and transfer an airport on the Island of St Helena. The client is the Government of St Helena and the project is being funded by the Department for International Development (DFID), a department of the British Government. Construction is to take place over a 48-month period at a contract value of approximately R2.7 billion. The operation of the airport will continue for a further period of ten years at a contract value of approximately R450 million. The design phase of the contract is scheduled to commence immediately. The Basread group's order book following this award is valued at R12.5 billion.
25-Oct-2011
(Official Notice)
Shareholders are referred to the cautionary announcements dated Tuesday, 30 August 2011 and Tuesday, 11 October 2011 and are advised that as discussions regarding a possible Black Economic Empowerment transaction have been terminated, caution is no longer required to be exercised by shareholders when dealing in their securities.
11-Oct-2011
(Official Notice)
Further to the cautionary announcement dated Tuesday, 30 August 2011, shareholders were advised that Basread is currently in discussions regarding a possible Black Economic Empowerment transaction, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders were advised to continue to exercise caution when dealing in the company's securities, until a full announcement has been made.
12-Sep-2011
(Official Notice)
Basread announced that the South African National Roads Agency Ltd ("SANRAL") has selected the Protea Parkways Consortium as the preferred bidder for the circa R10 billion Winelands Toll Road project (Western Cape, South Africa). The lead construction partners of the Protea Parkways consortium are Basread, Group Five Ltd and Bouygues Travaux Publics SA (France). The Protea Parkways Consortium will now, in consultation and negotiation with SANRAL, take this project through to financial close.
07-Sep-2011
(Official Notice)
30-Aug-2011
(Official Notice)
Shareholders were advised that Basread is currently in discussions regarding a possible Black Economic Empowerment transaction. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities, until a full announcement has been made.
25-Aug-2011
(C)
11-Aug-2011
(Official Notice)
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited ("JSE"), a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. Shareholders are advised that Basil Read expects its headline earnings and earnings per share for the six months ended 30 June 2011 to be between 20% and 30% lower compared to the previously corresponding period.



In addition, shareholders are advised that the group's application to engage with the Competition Commission regarding a settlement is in the process of being assessed by the Competition Commission, and that the outcome may result in the imposition of an administrative penalty to Basil Read. Current timing indications are that the outcome of this process will only be known in 2012 and therefore no provision has been made in this regard in the period for the six months ended 30 June 2011. The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read's external auditors. The group's results for the period ended 30 June 2011 is expected to be released on Thursday, 25 August 2011.
05-Jul-2011
(Official Notice)
Shareholders are referred to the announcement released by the company on 4 July 2011, relating to the dealings in securities by Amabubesi Investments (Pty) Ltd and were advised of the following additional information in respect of the number of shares sold on market and the corresponding prices achieved in respect of each such transaction date:

Date of transaction - number of ordinary shares - price:

* 24 June 2011 - 56 735 - R13.098

* 27 June 2011 - 407 000 - R13.32

* 28 June 2011 - 535 376 - R13.32.
24-Jun-2011
(Official Notice)
Shareholders are advised that Marius Heyns, the CEO of Basread, delivered a presentation to analysts and fund managers at an investors lunch held on 24 June 2011, at the offices of Macquarie First South Advisers (Pty) Ltd at The Place, 1 Sandton Drive, South Wing, Sandton, 2196. The presentation is available for download from the investor relations section of the company's website hosted at www.basilread.co.za.
31-May-2011
(Official Notice)
Shareholders are advised that Macquarie First South Advisers (Pty) Ltd has been appointed as the company's sponsor on the JSE Limited, effective 1 June 2011.
26-May-2011
(Official Notice)
Shareholders are advised that, with the exception of ordinary resolution No. 6 for placing the authorised but unissued shares under the control of directors and ordinary resolution No.7 for granting directors general authority to issue of shares for cash, which were not passed, all other ordinary and special resolutions proposed at the AGM of Basil Read held on Thursday 26 May 2011 were passed by the requisite majority of shareholders. The special resolution will be filed with CIPC.
03-May-2011
(Official Notice)
Shareholders were advised that the annual financial statements for the year ended 31 December 2010 have been posted on 3 May 2011 and contain no modifications to the audited financial results which were released on SENS on 24 March 2011 and published in the press on 25 March 2011. The annual financial statements can also be viewed on the company's website at www.basilread.co.za. PricewaterhouseCoopers Inc audited the results and their report is available for inspection at the company's registered office.



Notice of the annual general meeting

Notice was given that the annual general meeting of Basil Read will be held at TWP's head office, 54 Melrose Boulevard, Melrose Arch, Johannesburg at 12h00 on Thursday, 26 May 2011.
13-Apr-2011
(Media Comment)
Business Day highlighted that Basil Read announced the second mining contract it has won in the space of a week. Basil Read indicated that it had entered into a "heads of agreement" with Beacon Hill Resources for the development of the Minas Moatize Coal Mine in Mozambique. Subject to the successful completion of the feasibility study, Basil Read will be appointed the principal contractor, to build, own and operate the coal handling plant, as well as the principal mining contractor for 4 million tons a year. The group said the agreement represented a major engineering, procurement and construction contract, signed by it after the merger with TWP, and was a significant step in unlocking the synergies between the merged entities.
12-Apr-2011
(Official Notice)
Highlights

*TWP Projects (Pty) Ltd ("TWP") appointed to complete definitive feasibility study

*Basil Read to be appointed as principal contractor to build, own and operate the coal handling and preparation plant

*Basil Read to be appointed as principal mining contractor for Minas Moatize



Coal Mine

Basil Read is pleased to announce that it has entered into a heads of agreement with Beacon Hill Resources Plc for development of the Minas Moatize Coal Mine in Mozambique. In terms of stage one of the agreement, TWP has been appointed to complete the definitive feasibility study ("DFS"), including the design of the coal handling and preparation plant ("CHPP") and opencast mine. Subject to the successful completion of the DFS, Basil Read is to be appointed as the principal contractor to build, own and operate the CHPP at the mine, as well as the principal mining contractor for 4 million tons per annum (mtpa).



This agreement represents a major engineering, procurement and construct ("EPC") contract signed by Basil Read following the merger with TWP and represents a significant step forward in unlocking the synergies between the merged entities. The contract further supports Basil Read`s strategy of international expansion and its stated intention to undertake larger, more technically challenging projects.
11-Apr-2011
(Official Notice)
Shareholders were referred to the TWP circular regarding a scheme of arrangement dated 26 October 2009 detailing the acquisition by Basread of TWP ("the circular"). The circular details the purchase consideration payable by Basread to the shareholders of TWP, which consideration includes a payment on the operative date of the scheme of both cash and shares in Basread, as well as a deferred payment which is subject to TWP achieving at least 80% of a target earnings before interest and tax ("EBIT") for the year ending 31 December 2010 ("deferred payment"), which needs to be confirmed in writing by TWP's auditors, PricewaterhouseCoopers Inc ("PWC"). PWC have confirmed in writing on 6 April 2011 that TWP failed to achieve at least 80% of the target EBIT and therefore the deferred payment will not be paid out to TWP shareholders. The PWC letter referred to above will be available for inspection at Basread's offices at Basil Read Campus, 7 Romeo Street, Hughes Ext, Boksburg.
06-Apr-2011
(Official Notice)
Basil Read announce that the MAJWE Mining Joint Venture ("MAJWE") has secured a five year multi-billion rand mining service contract with Debswana Diamond Company (Pty) Ltd ("Debswana") in Botswana. The contract is for the Cut 8 Phase 2 services at the Debswana diamond mine in Jwaneng, Botswana. MAJWE consists of joint venture partners, Basil Read Mining, the Leighton Group and Bothakga Burrow Botswana.



The Basil Read group's order book following the award of this contract is valued at just under R10 billion. Debswana is the world's largest diamond producer by value, with mining operations at Jwaneng, Orapa, Letlhakane and Damtshaa in Botswana. All of these mines use open-pit mining methods to extract their diamonds. MAJWE will provide mining services to deliver the Cut 8 Phase 2 contract, including mine scheduling, drill and blast, truck - shovel waste removal and one ore mining. Over the full term of the contract, MAJWE will move 156 million cubic metres of material. The contract is scheduled to start in June 2011.
28-Mar-2011
(Media Comment)
Business Reported stated that Basil Ready has revised its growth strategy amid concerns from construction sector analysts that the listed construction and engineering group was chasing turnover too aggressively at the expense of profits. The group's stated target was to become a global construction group with R10 billion in annual turnover by 2013 through organic growth and acquisitions. However, Marius Heyns, Basil Read's chief executive, said on Friday that it had revised and trimmed down its growth target this year because it was "sending the wrong message to the market" and analysts did not like it because it was too aggressive". But the construction market was in any case dictating how much the group grew, he said. Heyns said that the reason for having the target was to motivate him and his management team, noting that it was not an aggressive, but a motivated target. But Heyns stressed that Basil Read needed to have a turnover of that size if it wanted to qualify as an international group.
24-Mar-2011
(C)
23-Mar-2011
(Official Notice)
Shareholders are advised that Basil Read expects its earnings for the period ending 31 December 2010 to be between 0% and 10% lower compared to the previously reported corresponding period. Shareholders are further advised that Basil Read expects its headline earnings for the period ending 31 December 2010 to be between 5% and 15% lower compared to the previously reported corresponding period. Shareholders are reminded that on 21 December 2009, the group issued 37.3 million Basil Read shares as part payment for the acquisition of the TWP group. This issue of shares increased the weighted average number of shares in issue from 86.5 million shares in 2009 to 123.8 million shares for the 2010 financial year. Shareholders are therefore advised that Basil Read expects its earnings per share and headline earnings per share for the period ending 31 December 2010 to be between 30% and 40% lower compared to the previously reported corresponding period. The group's results for the period ending 31 December 2010 will be published on or about 24 March 2011.
04-Mar-2011
(Official Notice)
Basread announced that the company, through its wholly owned subsidiary Basil Read (Pty) Ltd, has reached agreement with MSCSA Investments (Pty) Ltd to dispose of 100% of its shares in and claims against Basil Read Contracting (Pty) Ltd for a cash consideration of R91.2 million. Simultaneously, Basil Read (Pty) Ltd has entered into a sale of movables agreement with Macsteel Service Centres SA (Pty) Ltd for the disposal of movable furniture, office equipment and appliances for a cash consideration of R9 million (excluding VAT) (collectively, "the disposals"). The effective date of the disposals was 1 January 2011.



Description of the companies and rationale for the disposals

Basil Read Contracting (Pty) Ltd owns immovable properties in Lilianton, Gauteng, which serve as the Basread's head office base. The rationale for the disposals is that the properties that are the subject of the disposals have become too small for the current and future requirements of the company.



Conditions precedent

The conditions precedent to the disposals have all been fulfilled.



Categorisation of the disposals

The disposals are categorised as a Category 2 transaction in terms of the JSE Ltd Listings Requirements.
06 Jan 2011 16:23:35
(Official Notice)
The board of directors of Basil Read announced the untimely passing away of Miss Ntombekaya Yvonne September, who was an independent non-executive director of the Group.
02 Nov 2010 15:45:30
(Official Notice)
Mr. Manuel Donnell Grota Gouveia, currently group financial director, will assume the role of deputy chief executive officer with immediate effect. Gouveia will take responsibility for all current operations and support structures within the Basil Read Group. In addition to his new responsibilities, Gouveia will continue to serve as Basil Read's finance director, until a suitable replacement is appointed.



Corporate governance

Mr. Christopher John Erasmus, an executive director on the board of Basil Read (Pty) Ltd will assume the role of chief operating officer: construction with immediate effect. Furthermore, due to their retirement, Mr. Francois Jacobus Viljoen van Wyk and Mr. Marthinus Johannes Lombard, who are both directors of major subsidiaries, will relinquish their duties with immediate effect and from 31 December 2010 respectively, but will remain as consultants to Basil Read.
03 Sep 2010 10:01:48
(Media Comment)
According to Business Report, Basil Read, whose stated target is to become a global construction group with R10 billion in annual turnover by 2013, anticipates making only small strategic acquisitions this year. Marius Heyns, the CEO of Basil Read, announced this week that it would not be making any large acquisitions this year but might look at larger acquisitions again in the second half of the next year. The group's focus for now was on strategic acquisitions that did not require a lot of cash or debt. He stressed that the group continued to actively pursue growth, both organic and acquisitive, to build a company of critical mass for shareholders and remained committed t its stated turnover target. The group's revenue grew by 26 percent to R2.62 billion in the six months to June. It reported revenue of R4.66 billion in the twelve months to December last year.
31 Aug 2010 14:38:16
(C)
25 Aug 2010 16:11:51
(Official Notice)
24 Aug 2010 15:40:05
(Official Notice)
Shareholders were advised that Basil Read expects its earnings per share for the interim period ended 30 June 2010 to be between 20% and 30% lower compared to the previously reported corresponding period. Shareholders were further advised that Basil Read expects its headline earnings per share for the interim period ended 30 June 2010 to be between 25% and 35% lower compared to the previously reported corresponding period. The group's interim results for the period ended 30 June 2010 will be published on or about 31 August 2010.
06 May 2010 17:04:49
(Official Notice)
Shareholders are advised that all resolutions proposed at the AGM of Basread held on 6 May 2010 with the exception of the ordinary resolution, granting directors general authority to issue shares for cash, were passed by the requisite majority of shareholders.



Resignation of director

It is with regret that the group announces the resignation of the non-executive director, Mr L B Dyosi with immediate effect.
15 Apr 2010 15:07:15
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2009 have been posted on 14 April 2010 and contain no modifications to the audited financial results which were released on SENS on 11 March 2010 and published in the press on 12 March 2010. The annual financial statements can also be viewed on the company's website at www.basilread.co.za.



Notice of the annual general meeting

Notice was given that the annual general meeting of Basread will be held at 7 Brook Road, Lilianton, Boksburg at 12h00 on Thursday, 6 May 2010. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Basread for the year ended 31 December 2009.
15 Mar 2010 08:52:53
(Media Comment)
Business Report highlighted that Basil Read had earmarked public-private partnership(PPP) projects totalling R45 billion in various industries for work that would be carried out over the next two years. Marius Heyns, the chief executive of the listed construction firm said that Basil Read was confident of securing between 20% - 30% of these contracts, noting that this was money it expected from 2011 financial year. Heyns indicated that Basil Read has submitted bids for prisons, government head offices, in the health sector and also road construction. The company is planning to expand its footprint in Africa. It already has a presence in Namibia, Uganda and Sierra Leone through a number of contracts. Heyns added that the company was looking at Zambia, Botswana, Nigeria and Mozambique.

01 Feb 2010 15:14:38
(Official Notice)
Shareholders are advised that Basil Read expects its earnings per share for the year ended 31 December 2009 to be between 10% and 25% higher compared to the previously reported corresponding period. Shareholders are further advised that Basil Read expects its headline earnings per share for the year ended 31 December 2009 to be between 15% and 30% higher compared to the previously reported corresponding period.



The effective date of the acquisition of TWP Holdings Ltd (`TWP Group") was 21 December 2009. The results of the TWP group will be consolidated into the results of Basil Read at 31 December 2009 however the trading results of the TWP group had no impact on the trading results of Basil Read for the period ended 31 December 2009. The group's results for the year ended 31 December 2009 will be published on or about 11 March 2010.
14 Jan 2010 10:35:46
(Official Notice)
Mr Nigel John Townshend has been appointed as an executive director of Basread with effect from 1 January 2010.
09 Dec 2009 09:18:10
(Media Comment)
It was highlighted in Business Report that Basread has placed lot of hope in winning public-private partnerships ("PPPs") for its future workload. Basread's projects are worth more than R30 billion and are in progress and awaiting finalisation. Basread CE, Marius Heyns, said it was clear the South African government intended to "push PPPs."
04 Dec 2009 07:53:37
(Official Notice)
Further to the announcement of 1 December 2009, Basil Read and TWP shareholders are advised that the order of court sanctioning the scheme has been registered by CIPRO. Accordingly, all conditions precedent to the acquisition and the scheme have been fulfilled.
01 Dec 2009 15:53:17
(Official Notice)
Further to the announcement of 17 November 2009, Basil Read and TWP shareholders are advised that the South Gauteng High Court sanctioned the scheme on Tuesday, 1 December 2009 and the order of court sanctioning the scheme has been lodged with the companies and intellectual property registration office for registration.



It is expected that registration of the order of court will take place tomorrow. Should the registration not take place, an announcement to this effect will be made.



TWP shareholders are reminded as follows regarding the settlement of the scheme consideration:

*Holders of dematerialised shares in TWP

Shareholders of TWP holding dematerialised shares in TWP need take no further action in respect of receiving the scheme consideration due to them in terms of the scheme. Such shareholders will have their accounts held at their Central Securities depository participant or broker credited with the initial scheme consideration comprising cash and new shares in Basil Read on Monday, 21 December 2009.



Shareholders of Basil Read and TWP are reminded as follows:

*The listing of the shares of TWP on the JSE will be suspended from the commencement of trade on the JSE on Friday, 11 December 2009

*The listing of the new Basil Read shares comprising the share element of the scheme consideration will commence from the commencement of trade on the JSE on Friday, 11 December 2009

*The termination of the listing of the shares of TWP on the JSE will take place from the commencement of trade on the JSE on Monday, 21 December 2009.
17 Nov 2009 11:37:19
(Official Notice)
Further to the announcement of 2 November 2009 and to the trading halt of today, shareholders of Basil Read and TWP are hereby advised that:

*The scheme was duly approved by the requisite majority of TWP shareholders at the TWP scheme meeting held at 09:00 on Tuesday, 17 November 2009.

*The acquisition and all matters related thereto were duly approved by the requisite majority of Basil Read shareholders at the Basil Read general meeting held at 10:00 on Tuesday, 17 November 2009.



The special resolution passed for the increase of Basil Read's authorised share capital will be lodged with the companies and intellectual property registration office for registration.

As the meetings have successfully concluded, the trading halt in the shares of Basil Read and TWP the subject of today's earlier SENS announcement is hereby lifted. A further announcement reporting the outcome of the application for sanction of the scheme will be made on or about Wednesday, 2 December 2009.

17 Nov 2009 09:57:20
(Official Notice)
Shareholders of Basil Read and TWP are hereby advised that the boards of directors of the respective companies have requested the JSE to halt trading in the Basil Read and TWP shares immediately pending the outcome of the TWP scheme meeting and Basil Read general meeting convened this morning for the purposes of, inter alia, approving the acquisition by Basil Read of the entire issued share capital of TWP. Trading in these companies' shares will resume following the release on SENS of the results of the aforementioned meetings.

02 Nov 2009 12:50:52
(Official Notice)
23 Oct 2009 10:56:49
(Official Notice)
30 Sep 2009 16:28:37
(Official Notice)
Further to the joint cautionary announcement of Basil Read and TWP on 11 August 2009 and renewal thereof on 22 September 2009, Basil Read and TWP hereby advise that agreement has been reached for Basil Read to acquire the entire issued share capital of TWP subject to certain conditions precedent.



Basil Read will pay and TWP shareholders will receive the scheme payment, namely a total of 37 317 507 new Basil Read shares and R143 672 400 in cash, in the ratio of 31.16 new Basil Read shares and R119.96 for every 100 TWP shares. It is expected that the scheme payment will be settled on the operative date of the scheme expected to be Monday, 21 December 2009.
25 Sep 2009 08:39:24
(Media Comment)
Construction group Basil Read is on a mission to shed it's image as a smaller cousin of the big five construction companies in SA and is well on it's way to grow it's turnover to R10 billion by 2013. CEO Marius Heyns told Business Day this week the strategy was for the group to become a turnkey company capable of completing big projects locally and in the rest of Africa like the other big construction companies. Heyns said as part of it's strategy it would take equity stakes in developments where possible and when appropriate. The group was in discussions with engineering company TWP for a possible merger.
22 Sep 2009 08:05:08
(Official Notice)
Further to the joint cautionary announcement of 11 August 2009, shareholders of Basread and TWP Holdings Ltd ("TWP") are advised that the discussions referred to therein with regard to a possible merger between Basread and TWP are still continuing. Accordingly, shareholders of Basread and TWP are advised to continue to exercise caution when dealing in their shares until a further announcement is made.
08 Sep 2009 13:10:48
(Official Notice)
Shareholders are advised that, at the general meeting of Basil Read held on Tuesday, 8 September 2009, convened in terms of the notice of general meeting contained in the circular to shareholders dated 21 August 2009, the requisite majority of shareholders approved the ordinary resolutions pertaining to the acquisition by Basil Read of the entire issued share capital of and claims against Mvela Phanda Construction(Pty) Ltd, P Gerolemeou Construction (Pty) Ltd and Contract Plumbing (Pty) Ltd known as the Gerolemou/Mvela group.
27 Aug 2009 17:24:04
(C)
Turnover increased by 47% to R2.1 billion (R1.4 billion) with net profit attributable to ordinary shareholders increasing by 43% to R122.1 million (June 2008: R85.6 million). Headline earnings per share grew to 153.66cps (113.98cps).



Outlook

Basread continues to actively pursue growth, both organic and acquisitive, to build a company of critical mass for shareholders. Despite uncertain economic times, the trend of development, particularly in sub-Saharan Africa is expected to resume in the near future, even if the growth trajectory is flatter. Although government has committed to continued infrastructural spend, a definite delay in the roll out of projects has been noted. Budgetary constraints in certain municipalities create opportunities for the Basread group to partner with them in creating innovative ways of financing future projects, particularly relating to the group's developments division.



The group expects significant water supply projects to be offered for tender in the next few years. Some R30 billion worth of work is anticipated, specifically to supply water to the power plants that are currently under construction. The government has also committed to upgrading the water treatment and waste water treatment plants due to an urgent need to create additional capacity.



Internationally, the group is re-establishing a presence in the rest of Africa, in partnership with selected local contractors. Expansionary opportunities continue to be explored elsewhere, particularly in the Middle East and Australia, where Basread has held discussions with local partners with established reputations in their respective construction industries. Opportunities for acquisition will continue to be cautiously explored. On the back of a healthy balance sheet and effective management structure, Basread will adopt a prudent approach to managing the prevailing volatility to ensure the group can continue to grow in a controlled and structured manner.



In addition, shareholders are referred to the cautionary announcement released on SENS on 11 August 2009, in which shareholders were advised that Basread and TWP Holdings Ltd were in discussions regarding a possible merger.
24 Aug 2009 16:55:52
(Official Notice)
Shareholders are referred to the announcement dated 9 July 2009 relating to the acquisition of the entire share capital of and claims against Mvela Phanda Construction (Pty) Ltd, P Gerolemou Construction (Pty) Ltd and Contract Plumbing and Sanitation (Pty) Ltd and advised that the circular is ready for posting on 24 August 2009. Due to the strike by the South African Post Office, Basil Read is unable to post the circular. The circular can, however, be viewed on the company's website.



Notice is hereby given that the general meeting of ordinary shareholders to approve the acquisition will be held at 7 Brook Road, Lilianton, Boksburg at 09:00 on Tuesday, 8 September 2009.
11 Aug 2009 15:14:04
(Official Notice)
Shareholders of Basread and TWP Holdings Ltd ("TWP") are advised that discussions are presently underway between Basread and TWP with a view to a possible merger. Accordingly, shareholders of Basread and TWP are advised to exercise caution when dealing in their shares until a further announcement is made.
27 Jul 2009 16:28:57
(Official Notice)
Shareholders are advised that Basread expects its earnings per share and headline earnings per share for the six months ended 30 June 2009 to be between 25% and 35% higher compared to the previously reported corresponding period. The group's results for the six months ended 30 June 2009 will be published on or about 27 August 2009.
09 Jul 2009 16:57:28
(Official Notice)
Basil Read, through its wholly owned subsidiary Basil Read (Pty) Ltd, has reached agreement with the shareholders of Mvela Phanda Construction (Pty) Ltd, Contract Plumbing and Sanitation (Pty) Ltd and P. Gerolemou Construction (Pty) Ltd, to acquire all the shares in and claims of the group for a fair value consideration of R345,5 million.



A circular to shareholders containing the requisite information pertaining to the transaction and convening a meeting of shareholders will be posted to shareholders in due course. Having regard to the information disclosed above, shareholders are advised that they no longer need to exercise caution when dealing in the company's
02 Jul 2009 16:21:31
(Official Notice)
The board to announced that Ms. Given Refilwe Sibiya has been appointed as a Non-executive Director of Basil Read Holdings Ltd with effect from 1 July 2009.
11 Jun 2009 09:12:41
(Media Comment)
Basil Read has acquired a Pretoria-based construction group for R345.5 million in a bid to grow it's building division, despite a sharp slowdown in the local building sector. The JSE-listed company said it would pay cash for all shares in Mvela Phanda Construction and it's two subsidiaries, Contract Plumbing and Sanitation and P Gerolemou Construction. Basil read CEO Marius Heyns said the acquisition was in line with the group's revised target in March to increase it's annual turnover to more than R5 billion by 2010 and R10 billion by 2013. The acquisition of Mvela is still subject to regulatory and shareholder approval, the company said.
10 Jun 2009 15:06:11
(Official Notice)
The board of Basil Read is pleased to announce that the company, through its wholly owned subsidiary Basil Read (Pty) Ltd, has reached agreement with the shareholders of Mvela Phanda Construction (Pty) Ltd, Contract Plumbing and Sanitation (Pty) Ltd and P Gerolemou Construction (Pty) Ltd, to acquire all the shares in and claims of the group for a consideration of R345.5 million.



The acquisitions are categorised as a Category 1 transaction in terms of the JSE Ltd Listings Requirements. Shareholders are referred to the cautionary announcement released on SENS on 15 May 2009 advising that the company had entered into negotiations. Shareholders are advised to continue exercising caution when dealing in the company's securities until an announcement containing financial effects of the acquisitions is released.
25 May 2009 07:53:50
(Media Comment)
Basread looks set to acquire a building company based in Johannesburg and Pretoria, according to Business Report. The acquisition will cost R300 million, and double the size of the group's building division. Basread's CE, Marius Heyns, commented that because the deal exceeded 25% of the company's current market capitalisation, the transaction would require shareholder approval. The announcement led to Basread's share price jumping by 3.7% to close at R12.75.
15 May 2009 14:17:44
(Official Notice)
Shareholders are advised that the group has entered into negotiations, which if successfully concluded may have a material effect on the price of the group's securities. Accordingly, shareholders are advised to exercise caution when dealing in the group's securities until a further announcement is made.
07 May 2009 16:47:15
(Official Notice)
Shareholders are advised that all resolutions proposed at the AGM of Basil Read held on Thursday 07 May, 2009 with the exception of Ordinary Resolution No. 6 and No. 7 placing the authorised but unissued shares under the control of directors and, granting directors general authority to issue of shares for cash which were withdrawn, were passed by the requisite majorities of shareholders.



Resignation and appointment of non-executive director and chairman

The resignation of the Non- Executive Director and Chairman, Mr B.T. Ngcuka with immediate effect.



Appointment of Independent non-executive chairman

The group is pleased to announce the appointment of Mr S.L.L. Peteni as the new Independent Non-Executive Chairman of the group with immediate effect.



Appointment of Financial Director

The appointment of Mr M.D.G. Gouveia as Financial Director on the board of Basil Read Holdings Ltd with immediate effect.
30 Mar 2009 16:44:08
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2008 will be posted on Tuesday, 31 March 2009 and are identical to the audited results which were released on SENS on 26 February 2009. PricewaterhouseCoopers Inc audited the results and their report is available for inspection at the company's registered office.



Notice is hereby given that the annual general meeting of Basil Read will be held at 7 Brook Road, Lilianton, Boksburg at 12:00 on Thursday, 7 May 2009. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Basil Read for the year ended 31 December 2008.
26 Feb 2009 18:22:33
(C)
The board is proud to once again report sustained growth, with after-tax profit of R206 million (R118 million), an increase of 75%. Turnover rose 73% to R3.5 billion (R2.0 billion) with strong growth coming through all the divisions. Operating profit increased to R308 million (R170 million) at a slightly improved operating margin of 8.9% (8.5%). The improvement is due to increased focus on the containment of costs. At the reporting date cash generated by operations stood at R702 million (R403 million) and cash on hand was R944 million (R435 million).



Dividends

The directors have declared a final dividend of 58cps (50cps) in respect of the year ended 31 December 2008.



Prospects

The Basil Read group continues to flourish in a local market buoyed by improved infrastructural spend and is ideally positioned to capitalise on these market conditions, despite current economic uncertainty. "Building our capacity to grow" is a key component of the government's spending plans and Basil Read looks forward to partnering with them in their bid to realise their R787 billion infrastructure investment plans. Government has reaffirmed their commitment to major investments in power generation, transport networks and telecommunications and their continued infrastructure spend looks set to continue well beyond 2010. Low-cost housing remains a focus for government as communities become impatient with the slow delivery of homes and services. Basil Read has created a niche for itself in this market, which is characterised by longer- term projects that create secondary work for the group. Basil Read is also actively pursuing other business ventures, both locally and internationally, and diversifying its revenue streams to further secure its future. On the back of a healthy balance sheet and effective management structure, management will adopt a prudent approach to managing the prevailing volatility to ensure the group can continue to grow in a controlled and structured manner.
22 Jan 2009 14:41:08
(Official Notice)
Shareholders are advised that Basread expects its earnings per share and headline earnings per share for the year ending 31 December 2008 to be between 55% and 75% higher compared to the previously reported corresponding period. Shareholders are further advised that the group's order book currently stands at R6.2 billion. The group's results for the year ending 31 December 2008 will be published on or about 26 February 2009.
08 Dec 2008 13:51:40
(Media Comment)
Business Report noted that Basread has been the biggest investment made by the IDC's new The 2010! And Construction Strategic Business Unit. The unit acquired an 11% stake in Basread for R179/6 million via a subscription in new share capital.
17 Nov 2008 17:09:02
(Official Notice)
At the annual general meeting of the company held on 9 May 2008, the requisite majority of shareholders approved an ordinary resolution authorising the directors to issue shares for cash in accordance with the Listings Requirements of JSE Ltd. The shares were issued to the Industrial Development Corporation.
10 Nov 2008 10:52:29
(Media Comment)
According to the Business Times Top 100 Companies survey, Basread has been named the top performing company based on its share price performance over the past five years. Over this period, Basread's share price showed annual compound growth of 96%, increasing from 140cps to 2 520cps. CE Marius Heyns believes that the group can maintain this financial performance. Heyns remarked that right now "South Africa is probably the best place to be".
07 Aug 2008 11:31:06
(C)
24 Jun 2008 07:44:09
(Media Comment)
According to Business Report, Basil Read dismissed about 500 hourly paid workers because of an allegedly unlawful and unprotected strike at Nelspruit's Mbombela stadium. Basil Read executive director, Eugene du Toit, said the employees had breached a final ultimatum served on them in April.
18 Jun 2008 15:48:29
(Official Notice)
Shareholders are advised that Basil Read expects its earnings per share and headline earnings per share for the period ending 30 June 2008 to be between 55% and 75% higher compared to the previously reported corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read's auditors. The group's results for the period ending 30 June 2008 will be published on or about 8 August 2008. The group's current order book amounts to R5 billion as compared to R3.4 billion at the same time last year.
26 May 2008 17:00:49
(Official Notice)
12 May 2008 15:51:21
(Official Notice)
Shareholders are advised that Basil Read (Pty) Ltd, a wholly owned subsidiary of Basil Read Holdings Ltd, has entered into negotiations with Roadcrete Africa (Pty) Ltd for the purchase thereof, which if successfully concluded may have a material effect on the price of the company's securities. Roadcrete Africa (Pty) Ltd is a specialised road building and civils company that have been in the industry since 1987. The acquisition, if successfully concluded, will compliment Basil Read's roads and civils divisions. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
09 May 2008 14:18:37
(Official Notice)
Shareholders are advised that all resolutions proposed at the AGM of Basil Read held on Friday, 9 May 2008, were passed by the requisite majorities of shareholders.
17 Apr 2008 13:04:26
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2007 were posted on Thursday, 17 April 2008 and there have been no changes to the audited results which were released on SENS on 7 February 2008.



Notice is hereby given that the annual general meeting of Basread will be held at 388 Gild Road, Lilianton, Boksburg at 10:00 on Friday, 9 May 2008. The notice of annual general meeting is detailed in the annual report, which contains the abovementioned annual financial statements of Basread.
03 Apr 2008 11:29:31
(Official Notice)
Shareholders should note that, due to the recent declaration of an additional public holiday in South Africa on 2 May 2008, the last date to trade the company?s shares "cum" dividend will now be Wednesday, 30 April 2008 instead of Friday, 2 May 2008. All other dates contained in the results announcement for the year ended 31 December 2007, dated 7 February 2008, remain unchanged.
27 Mar 2008 07:32:33
(Media Comment)
The National Housing Finance Corporation ("NHFC") has agreed to finance Basread's proposed R1.25 billion low-cost housing project in the Free State, according to Business Report. Basread and the NHFC signed a memorandum of understanding related to the affordable housing market on Wednesday, 26 March 2008.
20 Mar 2008 08:26:35
(Media Comment)
Business Day noted that Basil Read's subsidiary Basil Read Developments and a unit of Old Mutual plc, Old Mutual Investment Group SA, have signed a 50-50 deal to develop a R7.8 billion development with 18 000 residential units in Johannesburg. The Doornkuil project is the largest private sector housing development ever undertaken in South Africa.
07 Feb 2008 14:22:36
(C)
The board is proud to report sustained growth, with after-tax profit of R117.6 million (R55.0 million), an increase of 114%. Turnover rose 73% to R2.0 billion (R1.2 billion), setting a new record in the group's 55th year. Operating margin rose from 4.6% in 2006 to 8.5% in the year under review to R170.3 million (R53,8 million). Contracts secured during the year totalled R3.3 billion (R2.0 billion) and the order book at the end of the period is strong at R3.6 billion (R2.3 billion), underpinning continued sustainable growth.



Dividends

The directors have declared a final dividend of 50cps (30cps) in respect of the year ended 31 December 2007.



Prospects

The local construction sector continues to offer opportunities for contractors as government maintains its commitment to infrastructural spend. It is widely believed in the industry that the current unprecedented boom will continue well into the next decade. Basil Read has solidified its place in the South African construction industry and has experienced exceptional organic growth in recent years, a trend that is expected to continue albeit at a slower rate.As local operations have bedded down well and the level of organic growth is satisfactory, the group is exploring international acquisition options. A significant amount of time has been spent on determining the criteria for what Basil Read would consider a strategic fit for the group and preliminary investigations are under way to identify possible acquisition targets.
05 Jul 2006 16:42:45
(Official Notice)
Shareholders are referred to the announcements published on SENS on 17 May 2006 and 22 May 2006 notifying them that Metallon Ventures (Pty) Ltd had disposed of its remaining interest in Basil Read and that Mr A Reve and Ms N Maliza, the two Metallon representatives, had resigned from the board with effect from 19 May 2006.
21 Jun 2006 16:05:38
(Official Notice)
The company's earnings and headline earnings per share for the six months ended 30 June 2006, are expected to improve by between 225% and 245% from the unaudited financial results for the previous corresponding period, 30 June 2005. The results for the six months ended 30 June 2006 are expected to be published on or about 17 August 2006.
22 May 2006 12:55:56
(Official Notice)
Shareholders are referred to the announcement published on SENS on 17 May 2006, notifying them that Metallon Ventures (Pty) Ltd ("Metallon") had disposed of its remaining interest in Basil Read. In the regard, Mr Reve and Ms Maliza, the two Metallon representatives have resigned from the board with effect from 19 May 2006. Following these resignations, the board is considering the appointment of additional directors and shareholders will be advised of this in due course.
17 May 2006 18:02:28
(Official Notice)
It has come to the directors' attention that Metallon Ventures (Pty) Ltd has entered into agreements with Amabubesi Investments (Pty) Ltd and other Black Economic Empowerment parties for the disposal of its remaining interest in Basil Read. Metallon and Amabubesi were the two parties that formed part of the BEE consortium that acquired a 51.9% interest in Basil Read last year. Following this disposal by Metallon, Black Economic Empowerment parties will together hold an approximate 36% interest in Basil Read.
17 May 2006 11:07:11
(Media Comment)
Business Day noted on that Mzi Khumalo sold his total shareholding in Basread in transactions until 16 May 06. Khumalo reportedly made an estimated profit of over R70 million on the sale by purchasing the shares for 82cps and selling them when the group's share price rose above 500cps.
20 Apr 2006 14:58:55
(Official Notice)
Shareholders are referred to the circular to Basil Read shareholders dated 13 February 2006 ("the circular"), giving details of the mandatory offer by Metallon Ventures and Amabubesi Investments ("the BEE consortium") to Basil Read shareholders to acquire all of their Basil Read shares.



It has come to the attention of the directors of Basil Read that certain historical financial information contained in Annexure 1 of the circular was incorrectly printed. Specifically, the figures in the income statements on page 14 of the circular from the line item headed "Changes in contract work in progress" to "Profit on sale of unlisted investment" were printed in the incorrect year columns and should be one column to the right.



The offer closed on Friday, 10 March 2006 and was not accepted by any Basil Read shareholders, principally due to the fact that the offer price was materially below the current Basil Read share price. The directors do not believe that the error would in any way have impacted on a shareholders decision with respect to the offer.
13 Apr 2006 14:12:18
(Official Notice)
At the annual general meeting held on Thursday, 13 April 2006, the Chairman, Mr Ngcuka, commended management for the results achieved to date and noted that the order book is currently at R1.8 billion. Regarding the disposal by Metallon Ventures (Pty) Ltd of a portion of its interest in the company, Mr Ngcuka commented that it is the company's desire to ensure that it is 51% black-owned, and in this regard the board is exercising its mind. In addition, shareholders are notified that all the resolutions proposed at the AGM were passed by the requisite majority of shareholders.
20 Mar 2006 08:17:03
(Official Notice)
The annual financial statements for the year ended 31 December 2005 will be posted on Monday, 20 March 2006 and are identical to the reviewed results which were released on SENS on 2 February The annual general meeting will be held at 388 Gild Road, Lilianton, Boksburg at 10:00 on Thursday, 13 April 2006.
16 Mar 2006 12:45:49
(Official Notice)
Shareholders are referred to the announcement dated 13 February 2006, giving details of the mandatory offer by Metallon Ventures (Pty) Ltd and Amabubesi Investments (Pty) Ltd to Basread shareholders to acquire all of their Basread shares at an offer price of 82c per share. The offer closed on Friday, 10 March 2006 and was not accepted by any Basread shareholders.
13 Feb 2006 08:27:30
(Official Notice)
Referring to the announcement on 15 December 2005 in which Metallon Ventures (Pty) Ltd and Amabubesi Investments (Pty) Ltd acquired 51.90% of Basread shares, the BEE group has made an offer of 82cps to minorities, being the price at which the acquisition was concluded. The BEE Consortium has no intention to invoke the provisions of section 440K of the Companies Act, 1973 (Act 61 of 1973), and therefore Basread would remain listed on the JSE for the foreseeable future. All conditions precedent have been met, and therefore the offer would be unconditional.



Salient dates:

*Opening of the offer -- (09:00) Monday, 13 February

*Last day to trade -- Friday, 3 March

*Record date/closing date of the offer -- (12:00) Friday, 10 March

*Results of the offer to be released on SENS -- Monday, 13 March

Caution is no longer required when dealing in Basread shares.



02 Feb 2006 17:52:13
(C)
Profitability has been restored with a post tax profit of R25.0 million being reported (R42.3 million loss). The group's turnover increased by 32% from R469 million in 2004 to R617 million at the end of the period under review, while cash on hand grew to R91 million at year end. The group was awarded new contracts during the period under review in excess of R1 billion (R160 million) and has a healthy order book of R1.3 billion (R640 million) at year end, which provides a favourable outlook for future sustainable growth. Headline earnings per share are reported to be 42.71c compared to a loss of 179.72c for the previous period.



Dividends

The board has reviewed the current year's results together with the forecasts for 2006 and 2007 and has decided not to declare a dividend but rather to retain the cash reserves for future growth and expansion.



Prospects

The favourable economic environment in South Africa, coupled with the current upswing in the construction industry should translate into real growth for Basil Read. Several major projects are expected to commence in 2006, and through the reorganisation of the group, Basil Read is well positioned to take advantage of future opportunities. The announcement of government's "Infrastructure Development Programme", in which it is anticipated that over the next 5 years government will spend in excess of R400 billion on infrastructure development, should further improve the industry's prospects. Bouygues Travaux Publics SA, a partner in the Bombela Consortium that has been announced as preferred bidder on the Gautrain project, is still a major shareholder in Basil Read. Our relationship with them will continue to grow and should provide significant leverage in the coming years. It is anticipated that the growth in the retail, light industrial and commercial sector will continue for some time, which should further increase turnover for 2006 and beyond. Notwithstanding the above a major stumbling block is the current shortage of skills experienced within the industry. In light of this the group continues with its training program and has embarked on a recruitment drive to alleviate any shortfall.
01 Feb 2006 17:18:48
(Official Notice)
Following the conclusion of the acquisition by Amabubesi Investments (Pty) Ltd and Metallon Ventures (Pty) Ltd (collectively, "the BEE consortium") of a 51.9% interest in Basread, Messrs Ngcuka (Chairman), Dyosi, Maliza and Reve, representatives of the BEE consortium, have been appointed as non-executive directors with immediate effect.
15 Dec 2005 15:10:53
(Official Notice)
Shareholders are referred to the announcements dated 23 September 2005 and 7 November 2005, in which they were advised that an agreement dated 22 September 2005 had been concluded between Bouygues Travaux Publics ("Bouygues"), Basread's controlling shareholder, and Amabubesi Investments (Pty) Ltd and Metallon Ventures (Pty) Ltd (collectively, "the BEE consortium") in terms of which the BEE consortium would acquire, subject to the fulfilment of certain conditions precedent, 28 607 762 Basread shares from Bouygues, representing a 51.9% interest in the company. The conditions precedent have now been fulfilled and as a result thereof the acquisition is finalised.



Mandatory offer and further cautionary announcement

In terms of the Securities Regulation Code on Take-overs and Mergers, the acquisition has resulted in the obligation for the BEE consortium to make a mandatory offer to all Basread shareholders to acquire their shares on terms no less favourable than those applicable to the acquisition ("the mandatory offer"). The BEE consortium is in the process of finalising the offer document to shareholders, specifically addressing the requirement for the BEE consortium to provide the Securities Regulation Panel with the necessary cash confirmation. The offer document is expected to be posted to shareholders in January 2006, at which time the mandatory offer will open for acceptance by shareholders. At the same time as the offer document is posted an announcement will be published giving full details of the terms and conditions of the mandatory offer, as well as the advice from the independent director of Basread. Until this detailed announcement is published, shareholders are advised to continue to exercise caution when dealing in the company's shares.



Changes to the board of directors

As a result of the conclusion of the acquisition, Messrs Teresa, Boiraud, Gazaignes and Kiviatkowski, the Bouygues representatives, have resigned with immediate effect. It is the company's intention to appoint representatives of the BEE consortium to the board of directors of Basil Read as soon as the offer document is posted to shareholders.
07 Nov 2005 08:29:03
(Official Notice)
Shareholders are referred to the announcement dated 23 September 2005, in which they were advised that an agreement dated 22 September 2005 had been concluded between Bouygues Travaux Publics ("Bouygues"), Basil Read's controlling shareholder, and Amabubesi Investments (Pty) Ltd and Metallon Ventures (Pty) Ltd (collectively, "the BEE consortium") in terms of which the BEE consortium will acquire, subject to the fulfilment of certain conditions precedent, 28 607 762 Basil Read shares from Bouygues, representing a 51.9% interest in the company ("the acquisition"). In terms of the Securities Regulation Code on Take-overs and Mergers, the acquisition, if successful, will give rise to the obligation for the BEE consortium to make a mandatory offer to all Basil Read shareholders to acquire their shares on terms no less favourable than those applicable to the acquisition. In this event, an announcement will be published giving full details of the terms and conditions of the mandatory offer. Until a further announcement is made, shareholders are advised to continue to exercise caution when dealing in the company's shares.
14 Oct 2005 15:00:16
(Media Comment)
Basread took nearly a 12% drop in its share price to close at 252cps on 13 October 2005 following the release of its trading statement indicating that headline earnings would be between 110% to 130% higher than in the previous year. According to Business Day investors had higher earnings expectations.
13 Oct 2005 17:41:11
(Official Notice)
Shareholders are hereby notified that the earnings and headline earnings per share of the company for the year ending 31 December 2005, are expected to improve by between 110% and 130% from the financial results for the previous corresponding period, being the year ended 31 December 2004.The results for the year ending 31 December 2005 are expected to be published on or about 02 March 2006.

27 Sep 2005 13:02:39
(Media Comment)
Basread saw its share price decrease by 15% to R2.55 following Bouygues Travaux Publics` decision to sell off 52% of its holdings in the group to a black consortium.

23 Sep 2005 17:56:09
(Official Notice)
Further to the cautionary announcement dated 8 September 2005, shareholders are advised that an agreement dated 22 September 2005 has been concluded between Bouygues Travaux Publics (`Bouygues`), Basil Read`s controlling shareholder, and Amabubesi Investments (Pty) Ltd and Metallon Ventures (Pty) Ltd in terms of which the BEE consortium will acquire, subject to the fulfilment of certain conditions precedent, 28 607 762 Basil Read shares from Bouygues, representing a 51.9% interest in the company. The price at which the acquisition was concluded was based on the average closing price on the JSE of a Basil Read share for the 30 day period ending 12 May 2005, being the date agreement in principle was reached between the parties, plus interest at 12% per annum calculated from 2 September 2005 to the date of payment.



In terms of the Securities Regulation Code on Take-overs and Mergers, the acquisition, if successful, will give rise to the obligation for the BEE consortium to make a mandatory offer to all Basil Read shareholders to acquire their shares on terms no less favourable than those applicable to the acquisition. In this event, an announcement will be published giving full details of the terms and conditions of the mandatory offer.



Until a further announcement is made, shareholders are advised to continue to exercise caution when dealing in the company`s shares.
08 Sep 2005 14:15:12
(Official Notice)
Further to the cautionary announcement dated 26 July 2005, shareholders are advised that negotiations are still in progress with a potential Black Economic Empowerment investor, which if successfully concluded may have a material effect on the price of the company`s shares. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company`s shares until a full announcement is made.
28 Jul 2005 18:17:29
(C)
Basread has experienced difficult times over the last five years mainly due to difficult trading conditions in Africa and the decrease in value of government projects in South Africa. A decision taken late last year to withdraw from all government work in Africa together with the increase in government spending in South Africa has stabilised the group and a platform has now been set from which the group can grow to its former strength. Profitability has been restored with the net profit for the six months ended June 2005 being R6 million (June 2004 - loss of R45 million) and headline earnings improving from a loss of 87.1 cps to a profit of 10.79 cps. The group`s revenue has increased by R47 million to R254 million. The cash on hand has increased by R13 million to R19 million since 31 December 2004. The group has been awarded new contracts in the amount of R280 million and its order book amounted to R865 million at 30 June 2005 (June 2004 - R450 million). The group continued to invest in new plant and equipment in support of new contracts. A decision has been taken to sell non-strategic plant, which has resulted in the plant`s book value being reduced by R12 million. The group incurred capital expenditure in the amount of R27 million for the period under review and reported that at the end of June 2005, besides normal trade payables, it has no indebtedness to its major shareholder, Bouygues Travaux Publics SA.



No dividend is declared for the period under review.



Prospects

Construction prospects in South Africa are good and are expected to improve further with construction due to start on Gautrain, increased government spending and construction activity relating to the Soccer World Cup 2010. The group has positioned itself to take full advantage of this upswing. The building division is expected to start construction on luxury apartment blocks in Sandton, Johannesburg and in Umhlanga, Durban. The mining division is continuing to build relationships with mining houses and is following up on good prospects. Talks with the government are still on track regarding the proposed N1/N2 concession in the Western Cape and the roads and civils division has been awarded a further two roads projects since 30 June 2005.
26 Jul 2005 17:36:49
(Official Notice)
Shareholders are advised that discussions are taking place with regards to a potential Black Economic Empowerment transaction, which if successfully concluded, may have a material effect on the price of the company`s shares. Accordingly, shareholders are advised to exercise caution when dealing in the company`s shares until a detailed announcement is made.
03 Jun 2005 14:00:46
(3)
Shareholders are notified that all the resolutions proposed at the annual general meeting held on Friday, 3 June 2005, were passed by the requisite majority of shareholders.

02 Mar 2005 17:53:52
(C)


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