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10-Oct-2017
(Official Notice)
06-Oct-2017
(C)
Revenue for the year came in at BWP8.9 billion (BWP7.4 billion), whilst gross profit was higher at BWP1.9 billion (BWP1.4 billion). Operating income of BWP1.9 billion (BWP1.5 billion) was recorded. Profit attributable to owners was recorded at BWP83.9 million (BWP109.5 million). In addition, headline earnings per share came to BWP6.68 thebe per share (BWP7.25 thebe per share).



Final Distribution

Notice is hereby given that the gross final dividend of BWP2.1459 (2016: BWP2.8266) thebe (or ZAR equivalent) per share in respect of the year ended 30 June 2017.



Prospects and events after balance sheet date

Expansion is continuing in accordance with the long term strategy. Five more stores have been added post year end increasing the store total to 217. The acquisition of a further eight stores in KZN is being negotiated, which, if concluded, will be complementary to our current business and will bring significant operating synergies. There were no significant events that occurred after the reporting date that require adjustment to or disclosure in the financial statements for the year ended 30 June 2017.

29-Sep-2017
(Official Notice)
Due to delay in audit finalization process which is currently being completed, the publication of the press release will be delayed by a few days.



Whilst the delay in publication of the company?s financial results for the reporting period ended 30 June 2017 is highly regretted, the decision was taken in the best interest of shareholders.

28-Sep-2017
(Official Notice)
Choppies is currently finalising its results for the year ended 30 June 2017, which are expected to be released on BSE and SENS on 29 September, 2017. In this regard, shareholders are referred to the trading statement released on 6 September 2017, wherein they were advised that consolidated net profit for the year-ended 30 June 2017 will be lower than the comparative previous year.



Shareholders are now advised that the Group?s Diluted EPS is expected to show a reduction of 20% - 30% from the EPS reported for the year ended 30 June 2016. Earnings per share will therefore be in the range of Thebe 5.94 to 6.78 compared to Thebe 8.48 last half year. The Group?s HEPS is expected to show a reduction of 5% - 15% from the HEPS reported for the year ended 30 June 2017. Headline earnings per share will therefore be in the range of Thebe 6.16 to 6.89 compared to Thebe 7.25 last half year.



The performance was affected by losses of new regions. The financial information on which this trading statement is based has not been reviewed and reported on by the Company?s external auditors.



27-Sep-2017
(C)
Always make DTP change to insert SA for Muller, S or any other South Africans on the board of directors
06-Sep-2017
(Official Notice)
Choppies is currently finalising its results for the year ended 30 June 2017 which are expected to be released to the Botswana Stock Exchange (BSE) and Johannesburg Stock Exchange (JSE) on 20 September, 2017. In accordance with the listing requirements of the BSE, Choppies Enterprises Limited is required to announce any circumstances or events that have, or are likely to have, a material impact on the financial results of the company for the period being reported on.



The group?s consolidated net profit for the year-ended 30 June 2017 will be lower than the comparative previous year. This is mainly due to the reported gain on sale of assets in the previous financial year, and losses incurred in new regions (Zambia, Kenya, Tanzania and Mozambique).



Cautionary announcement

Shareholders are advised that Choppies has entered into negotiations with a third party in South Africa for acquisitions of a limited number of retail outlets, which if successfully concluded, and subject to relevant regulatory approval, will result in a transaction that might have an impact on the price of the company?s shares.



Accordingly, shareholders are advised to exercise caution when dealing in the company?s shares until a further announcement is made.
24-Jul-2017
(Official Notice)
Notice is hereby given that in terms of clause 27.6 of the Constitution of Choppies, dividends unclaimed for 3 years from the due date of payment may become the property of the company and used for the benefit of the company. Accordingly, dividends unclaimed by shareholders in respect of the dividends declared by the company for the years 2012 and 2013 cannot be claimed by shareholders after 31 August 2017.



Further, shareholders are advised to note the above and claim their dividends in future within the prescribed three years.



Shareholders who need any clarifications or assistance with regards to the above mentioned matters are requested to communicate in writing to:

Anju Suresh,

Grant Thornton Business Services (Pty) Ltd,

Acumen Park, Plot 50370 Fairgrounds,

P O Box 1157 Gaborone,

Tel: 3952313, Fax: 3972357,

Email id: anjana.suresh@bw.gt.com



The deadline to submit your claim/communication in writing shall be 31 August 2017.
04-Jul-2017
(Official Notice)
The preparation of the results for the year ended 30 June 2017 is in progress and will continue until Thursday, 21 September 2017 or thereabout when the results for the year are expected to be published.



In line with good corporate governance and in compliance with the Botswana Stock Exchange Rules, we declare a closed period commencing with effect from 4 July 2017 and ending on the date of publication of the financials for the year ended 30 June 2017.



During this period, members of the board management and staff are prohibited from dealing in the Company?s shares, as it could be implied that they may be aware of unpublished price-sensitive information. Unpublished price-sensitive information is information relating to a company which, if released, is likely to materially affect the company?s share price.



All concerned are requested to take note of the same.
30-Jun-2017
(Official Notice)
Notice is hereby given that annual reports (including notice of the annual general meetings of the company for 2017 and subsequent years) will be circulated to all shareholders of the Company, who have opened a Central Securities Depository (CSD) account. The reports will be sent electronically to the respective e-mail addresses provided at the CSD, 21 days in advance of the date finalised by the board of directors for the annual general meetings.
02-May-2017
(Official Notice)
As per the terms engaged with the board, and with effect from 1 April 2017, Mr Farouk Ismail?s role on the board has changed from an executive director to a non-executive director and vice chairman.

14-Mar-2017
(C)
Revenue for the interim period increased to BWP4.7 billion (2015: BWP3.5 billion). Gross profit was recorded at BWP915.5 million (2015: BWP713.8 million). Operating profit before interest and taxation lowered to BWP89.6 million (2015: BWP 141.1 million). Profit after taxation attributable to owners of the company dropped to BWP58.4 million (2015: BWP104.4 million). In addition, headline earnings per share were BWP4.52 thebe per share (2015: BWP6.84 thebe per share).



Dividend

The company has a policy of declaring dividends once a year based on the annual results.



02-Mar-2017
(Official Notice)
Choppies is currently finalising its results for the half year ended 31 December 2016, which are expected to be released on BSE and SENS on 14 March 2017.



The group?s EPS is expected to show a reduction of 40% - 50% from the EPS reported for the half year ended 31 December 2015. Earnings per share will therefore be in the range of Thebe 4.08 to 4.85 compared to Thebe 8.08 last half year.



The group?s HEPS is expected to show a reduction of 30% - 40% from the HEPS reported for the half year ended 31 December 2015. Headline earnings per share will therefore be in the range of Thebe 4.08 to 4.85 compared to Thebe 6.84 last half year.



Group results were negatively affected by trading losses in new regions namely Zambia, Kenya and Tanzania. Despite difficult trading conditions in South Africa, focussed attention resulted in an improvement with losses narrowing compared to 2016. The Zimbabwean segment, despite very difficult economic conditions, returned to profit. Botswana results were affected by Rand strengthening against Botswana Pula.
18-Jan-2017
(Official Notice)
The preparation for the results for the half year ended 31st December 2016 is in progress and is to continue until Wednesday, 14th March 2017 or thereabouts when the half-yearly results are expected to be published.



In line with good corporate governance and in compliance with the Botswana Stock Exchange rules, we declare a closed period commencing Thursday, 19 January 2017 and ending on the date of publication of the half-yearly results.



During this period, members of the Board, management and staff are prohibited from dealing in the company?s shares, as it could be implied that they may be aware of unpublished price- sensitive information. Unpublished price-sensitive information is information affecting a company which if released is likely to materially affect the company?s share price. All concerned are requested to take note of the same.
05-Dec-2016
(Official Notice)
At the 2016, 6th annual general meeting (?AGM?) of the shareholders of Choppies held on 02 December 2016 all the resolutions proposed at the meeting were approved by the requisite majority of votes.
10-Nov-2016
(Official Notice)
Shareholders are referred to the announcement by Choppies released on SENS at 10:00 today, 10 November 2016, relating to the posting of the Choppies annual report and notice of annual general meeting. Shareholders are now advised to please disregard the earlier announcement as the dates contained therein were reflected incorrectly and should read as follows:



Posting of annual report

Shareholders are advised that Choppies Enterprises Ltd., has, on 10 November, 2016 dispatched to shareholders its annual report for the year ended 30 June 2016, which incorporates the audited annual financial statements and notice of annual general meeting.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of shareholders of Choppies Enterprises Ltd. will be held at Lansmore Hotel, Plot 54353, Masa Centre, New CBD, Gaborone, Botswana at 15:30 on Friday, 2 December 2016 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



The annual report is available on the company's website at www.choppies.co.za



10-Nov-2016
(Official Notice)
Shareholders are advised that Choppies, has, on 10 November 2016 dispatched to shareholders its annual report for the year ended 30 June 2016, which incorporates the audited annual financial statements and notice of annual general meeting.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of shareholders of Choppies will be held at Lansmore Hotel, Plot 54353, Masa Centre, New CBD, Gaborone, Botswana at 15:30 on Friday, 2 December 2015 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



The annual report is available on the Company's website at www.choppies.co.za
11-Oct-2016
(Official Notice)
Further to the announcement released on the Stock Exchange News Service on the JSE Limited and the Botswana Stock Exchange on 22 September 2016 including reference to a gross final dividend of 2.8266 thebe per share in respect of the year ended 30 June 2016 declared on 20 September 2016, shareholders are advised that :-



In respect of shareholders registered on the Johannesburg Stock Exchange: The last date to trade shall be Tuesday, 18 October 2016 and shall commence trading ex the dividend on Wednesday, 19 October 2016. The record date to appear in the register to participate in the dividend will be Friday, 21 October 2016 and the dividend will be paid on Monday, 21 November 2016. The South African branch register will be closed for the purposes of dematerialisation, rematerialisation and transfers between the South African register and the South African and Botswana registers from Wednesday, 19 October 2016 to Friday, 21 October 2016, both dates inclusive.



The dividend shall be paid in Rand to shareholders on the South African register, calculated at the Pula to Rand exchange rate on 11 October, 2016, which was BWP1 /R 1.3250 and accordingly the gross dividend payable, is 3.74525 cents per share, less withholding taxes (see below). The issued shares at the declaration date is 1 291 628 341. The dividend has been declared from income reserves and is a foreign dividend in respect of South African resident shareholders.
22-Sep-2016
(Official Notice)
Shareholders are referred to the year end results announcement released on the Stock Exchange News Service on 20 September 2016, wherein a dividend declaration was included. Shareholders are advised that the dates regarding the transfers between the South African register and the South African and Botswana registers, should read as follows and not as stated in the announcement dated 20 September 2016:



In respect of shareholders registered on the Johannesburg Stock Exchange:

The last date to trade shall be Tuesday, 18 October 2016 and shall commence trading ex the dividend on Wednesday, 19 October 2016. The record date to appear in the register to participate in the dividend will be Friday, 21 October 2016 and the dividend will be paid on Monday, 21 November 2016. The South African branch register will be closed for the purposes of dematerialisation, rematerialisation and transfers between the South African register and the South African and Botswana registers from Wednesday, 19 October 2016 to Friday, 21 October 2016, both dates inclusive. The exchange rate applicable for the conversion of Thebe to ZAR for payment to shareholders on the South African register will be confirmed in a separate announcement to be released on SENS on Tuesday 11 October, being the finalisation date. The issued shares at the declaration date is 1 291 628 341. The dividend has been declared from income reserves. Distributable reserves available for the final dividend are net of Botswana withholding taxes at 7.5% deducted from dividends received from group entities, and as such, can be distributed to shareholders registerred on Botswana Stock Exchange free of any further deduction. In respect of shareholders registered on the Johannesburg Stock Exchange, the dividends payable are subject to withholding tax as required under the South African Income Tax Act. This Dividend is treated as a foreign Dividend.
20-Sep-2016
(C)
Revenue for the year came in at BWP7.4 billion (BWP5.9 billion), whilst gross profit was higher at BWP1.4 billion (BWP1.3 billion). Operating income of BWP1.5 billion (BWP1.3 billion) was recorded. Profit attributable to owners was recorded at BWP109.5 million (BWP202.8 million). In addition, headline earnings per share came to BWP7.25 thebe per share (BWP16.92 thebe per share).



Dividend

Notice is hereby given that the gross final dividend of 2.8266 thebe per share in respect of the year ended 30 June 2016.



Prospects

While profits suffered due to the reasons noted above, cash flows remain robust. Strong growth in group revenue and a 25% increase in footfall, facilitated by new store openings, further demonstrates the strong consumer appeal of Choppies. The group?s expansion plans are progressing well. Choppies expects to commence operations in Tanzania and Mozambique in the coming months. The group plans to roll out more than 20 stores in all regions by the close of FY 2017.
25-Aug-2016
(Official Notice)
Choppies is currently finalising its results for the year ended 30 June 2016 ("the period"), which are expected to be released on the Stock Exchange News Service on 20 September 2016.



Shareholders are advised that earnings per share ("EPS") for the period is expected to be between 7.59 and 10.73 Thebe, a reduction of between 32% and 52% when compared to the EPS reported for the year ended 30 June 2015 (15.7 Thebe). The company?s performance was affected by the pre- operative expenses of Zambian operations, pre-operative and acquisition expenses for Kenya store roll out, new acquisition expenditure and challenging trading conditions in South Africa, liquidity issues and few bad month?s trading in Zimbabwe.



The financial information on which this trading statement is based has not been reviewed and reported on by the auditors.







07-Jul-2016
(Official Notice)
The preparation for the results for the year ended 30 June 2016 is in progress and is to continue until Wednesday, 21st September, 2016 or thereabouts when the results for the year are expected to be published.



In line with good corporate governance and in compliance with the Botswana Stock Exchange Rules, Choppies declare a closed period from 1 July 2016 and ending on the date of publication of the financials for the year ended 30 June 2016.



During this period, members of the Board, management and staff are prohibited from dealing in the company?s shares, as it could be implied that they may be aware of unpublished price-sensitive information. Unpublished price-sensitive information is information affecting a company which if released is likely to materially affect the company?s share price. All concerned are requested to take note of the same.
15-Mar-2016
(C)
The following are the company's maiden interim results. Revenue came in at BWP3.5 billion whilst gross profit was BWP713.8 million. Operating profit was recorded at BWP141.1 million. Profit attributable to owners was BWP104.4 million. In addition, headline earnings per share were BWP6.84 thebe per share.



Dividend

No interim dividend has been declared. A final dividend will be declared and distributed after the finalisation of the financial statements for the year ended 30 June 2016.



Prospects and post half year acquisitions

Botswana

Presence in home market got extended by adding our 79th store which started operation at Gabane on 4th March 2016. Another two more stores are expected to open before this financial year end.



Kenya

Started operation in Kenya on 13 February, 2016 with the takeover of first store at Kisumu. As of now we have taken over 3 stores. The take over process is expected to be completed by 25 March 2016 after which we will have 10 outlets in Kenya.



Durban ? South Africa

Acquired 21 retail stores in Kwazulu-Natal and the Eastern Cape currently owned and operated by Jwayelani Retail (Pty) Ltd. and started operation under the brand ?Jwayelani? on 01 March 2016. Jwayelani generated revenues of over R1 billion in the year ended in August 2015 with a gross profit margin of 20.37% and profit before tax margin of 2.84% for the period. Jwayelani gross profit grew by 8.93% in the same period. Please note the figures are unaudited management accounts. The acquisition along with its current foot print should be able to deliver better results going forward. The current foot print should be able to help this region to break even and to profitability.
03-Mar-2016
(Official Notice)
Choppies shareholders are referred to the announcements released on 4 February 2016 regarding the company?s acquisition of retail stores owned by Jwayelani Retail (Pty) Ltd. (?the acquisition?), following the approval of the Competition Commission on 29 January 2016, and the completion of all remaining conditions.



Choppies confirmed the effective date of the acquisition, being 1 March 2016.



Jwayelani is a respected brand in the KwaZulu-Natal and Eastern Cape provinces and has been in operation for over 25 years. The acquisition broadens Choppies? South African footprint to 61 stores, and 170 stores across all markets, and will support further expansion across South Africa given the scale benefits and additional logistical support infrastructure. The acquired stores will be rebranded as ?Choppies-Jwayelani?.



Jwayelani generated revenues of over R1 billion in the year ended in December 2015 with a gross profit margin of 20.37% and profit before tax margin of 2.84% for the period. Jwayelani gross profit grew by 8.93% in the same period. Please note the figures are unaudited management accounts.
04-Feb-2016
(Official Notice)
Choppies shareholders are referred to the announcement released on 21 December 2015 regarding the company?s proposed acquisition of retail stores owned by Jwayelani Retail (Pty) Ltd. (?the acquisition?). The Competition Commission of South Africa has approved the acquisition and all conditions precedent have now been fulfilled. The effective date of the acquisition is 1 March 2016.





07-Jan-2016
(Official Notice)
The company?s interim financial results for the six months ended 31 December 2015 (?financial results?) are in the process of being prepared and are expected to be published on or about 14 March 2016.



In compliance with the rules of the Botswana Stock Exchange the company confirms its closed period from the commencement of business Monday, 4 January 2016 to the date of publication of the financial results (?closed period?).



During the closed period, members of the company?s board, management and staff are prohibited from dealing in Choppies shares.



21-Dec-2015
(Official Notice)
Shareholders are advised that Choppies today filed an application with the South African Competition Commission on today, 21 December 2015 regarding its intention to acquire 21 retail stores in KwaZulu-Natal and the Eastern Cape currently owned and operated by Jwayelani. Further information will be provided to shareholders in due course.

08-Dec-2015
(Official Notice)
At the 2015, 5th annual general meeting (?AGM?) of the shareholders of Choppies Enterprises Limited held on 4 December 2015 all the resolutions proposed at the meeting were approved by the requisite majority of votes.
30-Nov-2015
(Official Notice)
Choppies opened its first store in Zambia in the previous week. The 1,000 square meter Choppies branded store is located in Tafika Commercial Centre, Kanyama, Lusaka and will operate on the established Choppies business model of strong price competition and providing quality branded shopping experience.



Choppies plans to open 5 more stores in Zambia in the 2015/16 financial year. Zambia has a forecast population growth of 3.3% each year until 2019, one of the highest on the African continent, but has a relatively low formal retail penetration.



Choppies currently operates 144 stores across Botswana, South Africa, Zimbabwe, Kenya and Zambia.



23-Nov-2015
(Official Notice)
The board of Choppies announced the resignation of the Company's executive Financial Director, Mr Manikandan Madakkavil, with effect from 10 December 2015. Furthermore, shareholders of the Company are advised that Mr Sanooj Pullarote will be taking over as executive Financial Director of Choppies, with effect from 10 December 2015.
13-Nov-2015
(Official Notice)
Notice is hereby given that the following additional Agenda items will be transacted at the annual general meeting of shareholders of Choppies to be held at Lansmore Hotel , Plot 54353, Masa Centre. New CBD. Gaborone, Botswana at 15: 30 on Friday, 4 December 2015.



Additional Agenda Items

Special Business

*To approve the proposed addendum to the Agenda for the meeting

*To consider and, if thought fit, pass with or without amendment the following resolutions as ordinary resolutions

**That the "Choppies share incentive scheme" be approved.

**That 12 million ordinary shares, ranking pari passu in all respects with the other shares issued by the Company be placed under the control of the directors for issue to the Trust registered by the company which will be used as a vehicle to implement the "Choppies employee share incentive scheme" which shall hold the shares granted to employees granted to employees ("the Granted Shares"), until such time that the Granted Shares vest in the employees.

*To close the meeting.



Proxies

A member(s) entitled to attend and vote may appoint a proxy to attend and vote for him on his/their behalf and such a proxy need not also be a member of the company. The instrument appointing such a proxy must be deposited at the registered office of the company c/o Corporate Services, Plot 115, Unit 5, Kgale Mews, PO Box 406, Gaborone, Botswana not less than 48 hours before the meeting.



Note to Shareholders

Shareholders to note that a copy of the "Choppies share incentive scheme" will be available for inspection at the venue of the 2015 Annual General Meeting and a copy of the same can be made available within five days from a date of receipt of a written request from a shareholder.
06-Nov-2015
(Official Notice)
Shareholders are advised that Choppies Enterprises Ltd, has, on 6 November, 2015 dispatched to shareholders its annual report for the year ended 30 June 2015, which incorporates the audited annual financial statements and notice of annual general meeting.



Notice of the annual general meeting Notice is hereby given that the annual general meeting of shareholders of Choppies Enterprises Ltd. will be held at Lansmore Hotel, Plot 54353, Masa Centre, New CBD, Gaborone, Botswana at 15:30 on Friday, 4 December 2015 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements. The annual report is available on the Company's website at www.choppies.co.za

15-Oct-2015
(Official Notice)
12-Oct-2015
(Official Notice)
Further to the dividend announcement released on the Stock Exchange News Service of the JSE Ltd. on 2 October 2015, shareholders registered on the Johannesburg Stock Exchange are advised that the Company is still finalising its tax advice and a further announcement will be made as soon as possible to inform South African shareholders of the dividend per share net of South African withholding tax.
02-Oct-2015
(Official Notice)
22-Sep-2015
(C)
The following results are the company's maiden results. Revenue for the year came in at BWP5.9 billion whilst gross profit was BWP1.3 billion. Operating income of BWP1.3 billion was recorded. Profit attributable to owners was BWP202.8 million. In addition, headline earnings per share were BWP16.92 thebe per share.



Prospects

The roll out plans are progressing as anticipated bearing a few months delay in Zambia and Tanzania. Choppies plans to roll out a total of 35 new stores (i.e. excluding acquisitions) in the coming financial year in line with its target to have 200 stores by the end of the 2016 calendar year.



While the group expects some pressure on sales, there is sufficient measures in place to protect its profit margins. Choppies expanding its own brand range and cost containment thanks to improved logistical efficiencies will support margins across the region in the event of a weakening in the consumer environment. In addition, its expansion in Kenya will help to spread its risk further and of course drive group-level sales volume growth.
04-Sep-2015
(Official Notice)
The Board of Choppies announced that the Company?s results for the year ended 30 June 2015 will be significantly better than those reported for the year ended 30 June 2014. In view of the above, shareholders and investors are advised to exercise caution when trading in the Company?s securities until such time as a detailed announcement is made. Detailed results for the year ended 30 June 2015 are expected to be released on or about 30 September 2015.
10-Jul-2015
(Official Notice)
The preparation for the results for the year ended 30th June 2015 is in progress and is to continue until Tuesday, 22nd September 2015 or thereabouts when the results for the year are expected to be published.



In line with good corporate governance and in compliance with the Botswana Stock Exchange rules, we declare a closed period from 13th July 2015 and ending on the date of publication of the financials for the year ended 30th June 2015.



During this period, members of the Board, management and staff are prohibited from dealing in the company?s shares, as it could be implied that they may be aware of unpublished price-sensitive information. Unpublished price-sensitive information is information affecting a company which if released is likely to materially affect the company?s share price.
02-Jun-2015
(Media Comment)
Business Day highlighted that newly listed Choppies. which is primarily based in Botswana, has wasted no time delivering on its promises to expand rapidly into new markets in Africa. The company announced a conditional agreement with Ukwala Supermarkets to acquire 10 outlets in Kenya for about R120 million. The company which already has a niche presence in SA and Zimbabwe, has set a store expansion target of 200 stores across at least six African countries by the end of next year.
01-Jun-2015
(Official Notice)
Choppies shareholders are advised that the Company entered into a conditional agreement with Ukwala Supermarkets on 29 May 2015, in terms of which it is proposed that Choppies will purchase ten Ukwala supermarkets in Kenya (the ?Transaction?).



Salient terms of the Transaction

Choppies will operate with a 25% local partner in Kenya in terms of the joint-venture agreement with the promoters of Export Trading Group, the leading agricultural commodities trading and logistics business, long-established in the region. The supermarkets will be acquired by Choppies Supermarket Kenya Limited, in which the Company holds a 75% interest. Choppies Supermarket Kenya Ltd. will buy the assets and the business name for a purchase consideration of approximately USD10 million, subject to final due diligence and inventory valuation. The purchase consideration will be funded with debt and from existing cash resources.



Conditions precedent

The implementation of the Transaction is subject to approval of the Competition Authority in Kenya and other relevant regulatory approvals.



Categorisation of the Transaction

The purchase consideration represents less than 5% of Choppies? market capitalisation. It is not a categorised transaction in terms of the JSE Ltd. Listings Requirements. Subject to the approval of the Botswana Stock Exchange (?BSE?), it may not be a categorised transaction in terms of the BSE Listings Requirements.
27-Sep-2017
(X)
Choppies is a Botswana-based mass grocery retailer currently operating in Botswana, South Africa, Zimbabwe, Zambia, Kenya, Tanzania and Mozambique.



The group is listed on both the BSE (Botswana) and the JSE (South Africa).



Boasting 217 stores across sub-Saharan Africa, Choppies has a full distribution and supply chain as well as maintenance capability. The twelve strategically located distribution centres enable the group to provide an un interrupted supply of goods to our stores as well as accumulate critical mass to negotiate better prices for our customers. Choppies is well positioned to target over 250 stores across eight countries by the end of December 2018.


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