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24-Aug-2018
(Official Notice)
Shareholders of Crookes are referred to the special resolution tabled and approved at the Annual General Meeting held on 27 July 2018, authorising directors in terms of Section 45 of the Companies Act, 2008 (Act 71 of 2008) (?the Act?) to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the Company. The Board has authorised the Company in terms of Section 45 (2) of the Act, to provide or to continue to provide direct or indirect financial assistance (including by way of loans or guarantees) to related or inter-related companies in the normal course of business.



Crookes has provided a guarantee in favour of Grindrod Bank Ltd. for the sum of R60 million in support of a subsidiary term loan.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provided and continues to provides such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance would be given would be fair and reasonable to the Company. Shareholders are advised that the financial assistance (loan finance) to be provided to the related or inter-related companies may exceed 1/10th of 1% of the Company?s net worth as at the approval date of this notification.
27-Jul-2018
(Official Notice)
The board of directors of Crookes Brothers advised that at the annual general meeting of shareholders held on 27 July 2018, the following resolutions, as set out in the notice of annual general meeting which was incorporated in the Integrated Report distributed to shareholders on 29 June 2018, were duly approved by the requisite majority of shareholders present and voting, in person or represented by proxy.
29-Jun-2018
(Official Notice)
Shareholders are advised that the Integrated Annual Report of the Company for the year ended 31 March 2018 was despatched to shareholders today, 29 June 2018 and contains no modifications to the summary audited financial results which were published on SENS on 12 June 2018. Shareholders are further advised that a copy of the full Integrated Annual Report and Notice of AGM is available for downloading on Crookes Brothers website at the following link: www.cbl.co.za or, upon enquiry, a printed version may be requested from the Company Secretary, John Acutt, at john@hicorp.co.za



Notice of AGM

Notice was given to shareholders as recorded in the company?s securities register on 14 June 2018 that the 105th annual general meeting of shareholders of Crookes Brothers, in respect of the financial year ended 31 March 2018 will be held at the Community Centre, Renishaw Hills, Scottburgh, 4181 on Friday, 27 July 2018 at 11h00.
12-Jun-2018
(C)
Revenue for the year decreased to R657.2 million (2017: R664 million), operating profit after biological assets fell to R3.1 million (2017: R125.2 million), loss for the year attributable to owners of the company came in at R7.6 million (2017: profit of R64.8 million), while headline loss per share was 50.6 cents per share (2017: headline earnings of 424.1 cents per share).



Cash dividend

Given the subdued performance of the group over the past year, the board of directors, ("the board") has, resolved not to declare a final dividend for year ended 31 March 2018.



Company prospects

Performance over the next twelve months will largely depend on the expected recovery of the South African RV sugar price. As noted we are hopeful that the tariff will be amended in the short term.



Long-term prospects in the deciduous sector are critically dependent on the water supply situation in the Western Cape. Good early rains have been experienced this season, giving some hope of relief from the devastating drought.



Macadamias are set to make an increasing contribution over the next 12- 24 months, as the orchards mature. We expect the bananas to continue to perform well as produce in the local market remains in short supply.



We are pleased to report that the long-running land claim case at Renishaw has been resolved in our favour, offering opportunities to unlock value from sales of developable land.



Notice of AGM

Shareholders as recorded in the company's securities register on Thursday, 14 June 2018 that the 105th annual general meeting of shareholders of Crookes, in respect of the financial year ended 31 March 2018 will be held at the Community Centre, Renishaw Hills, Scottburgh, 4181 on Friday, 27 July 2018. The proceedings will commence with a tour of the Renishaw Hills Development at 10h00 thereafter the annual general meeting will be held at 11h00 ("the annual general meeting"). The annual report be will published on or about 29 June 2018.
01-Jun-2018
(Official Notice)
Earnings for the year have been materially affected by a sharp decline in the South Africa RV sugar price.



For the year ended 31 March 2018, shareholders are advised that:

*basic loss per share is expected to be between 40 cents and 60 cents, compared to basic earnings of 424.7 cents in the corresponding prior period; and

*headline loss per share is expected to be between 39 cents and 59 cents, compared to 424.1 cents in the corresponding prior period.



The Company?s financial results for the year ended 31 March 2018 are expected to be published on or about 12 June 2018.
06-Apr-2018
(Official Notice)
Crookes shareholders are advised that the Company has sent out a video message to its Shareholders outlining the Crookes Brothers strategy going forward. The video message is also available for viewing on the Company?s website under Strategy, Message from the MD. Direct url: www.cbl.co.za/strategy/message-from-the-md
29-Nov-2017
(C)
Revenue for the interim period decreased to R412.3 million (R452.0 million) whilst operating profit after biological assets tumbled to R43.8 million (R123.0 million). Profit attributable to owners dipped to R7.2 million (R58.2 million). In addition, headline earnings per share plummeted to 47.2 cents per share (380.9 cents per share).



Interim cash dividend declaration

The board continues to maintain a conservative dividend policy, given the group's ongoing growth and investment strategy.



The board has declared a gross cash dividend of 35.0 cents (50.0 cents) per share for the six-month period ended 30 September 2017, payable to shareholders recorded in the register of the company at the close of business on the record date, Friday, 5 January 2018.



Company prospects

Although profitability for the six months ended 30 September 2017 is down on that of the prior period, it is in line with our expectations, particularly given the impact of the drought on our sugar cane operations. We expect results for the full year to reflect a recovery from the current position, with a firming of the deciduous markets and the macadamia and property projects contributing for the first time. An expected recovery to normal rainfall in the Northern region also bodes well for the following financial year.
28-Nov-2017
(Official Notice)
In terms of the JSE Limited Listings Requirements, a company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will differ by at least 20% or more from those of the previously published corresponding period.



Shareholders are advised that for the six month period ended 30 September 2017:

*basic earnings per share (?EPS?) is expected to be between 42.1 cents and 52.3 cents, being a decline of between 83.64% and 79.68%, compared to EPS of 257.4 cents in the corresponding prior period; and

*headline earnings per share (?HEPS?) is expected to be between 42.1 cents and 52.3 cents, being a decline of between 83.62% and 79.65% compared to HEPS of 257.0 cents in the corresponding prior period.



The earnings decline is attributable mainly to a decrease in sugar prices and a reduction in sugar cane under crop in the aftermath of the drought resulting in a volume decrease as well as a significant biological asset write down on our sugar cane crop. The board of directors of the Company cautions against using interim results to project figures for full year earnings given the seasonality and timing of crop production at half year, and the impact of these factors on biological asset valuations, particularly for the deciduous and macadamia crops, which are only fair valued at year end.



The information in this trading statement has not been reviewed or reported on by the Company?s auditors. The Company?s financial results for the six month period ended 30 September 2017 are expected to be published on SENS on or about 29 November 2017.



24-Aug-2017
(Official Notice)
Crookes announced changes in the roles of the following independent non-executive directors of the Board:

- Malcom Rutherford was appointed as the Chairman of the Audit Committee with effect from 24 August 2017; and

- Rodger Stewart was appointed as the Chairman of the Risk Committee with effect from 24 August 2017.
24-Aug-2017
(Official Notice)
Shareholders of Crookes are referred to the special resolution tabled and approved at the Annual General Meeting held on 28 July 2017, authorising directors in terms of Section 45 of the Companies Act, 2008 (Act 71 of 2008) (?the Act?) to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the Company. The Board has authorised the Company in terms of Section 45 (2) of the Act, to provide or to continue to provide direct or indirect financial assistance (including by way of loans or guarantees) to related or inter- related companies in the normal course of business.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provides such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance would be given would be fair and reasonable to the Company. Shareholders are advised that the financial assistance (loan finance) to be provided to the related or inter-related companies may exceed 1/10th of 1% of the Company?s net worth as at the approval date of this notification.
03-Aug-2017
(Official Notice)
Shareholders are advised the Company?s annual compliance certificate, required in terms of Section 13G (2) of the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the Company?s website, www.cbl.co.za.



28-Jul-2017
(Official Notice)
The board of directors of Crookes advised that at the annual general meeting of shareholders held on 28 July 2017, all the resolutions, as set out in the notice of annual general meeting which was incorporated in the Integrated Report distributed to shareholders on 30 June 2017, were duly approved by the requisite majority of shareholders present and voting, in person or represented by proxy.



As announced on the Stock Exchange News Service on 7 June 2017, Mr Anthony Hewat retired at the annual general meeting and the Board wishes to thank him for his valued contribution to the Board and the 10 years of dedicated service, eight of which he served as the Chairman of the Audit Committee.



At the same time it was announced that Mrs Tasneem Abdool-Samad was appointed a director of the Company on 6 June 2017, which appointment was confirmed by the shareholders at the annual general meeting where she was also elected as a member of the Audit Committee.
03-Jul-2017
(Official Notice)
Shareholders are advised that the Integrated Annual Report of the Company for the year ended 31 March 2017 was posted on 30 June 2017 and contains no modifications to the summary audited financial results which were published on SENS on 31 May 2017.



Shareholders are also advised that the Integrated Annual Report and the Company?s gender diversity policy on the nomination and appointment of directors are available for viewing on the Company?s website from today on the following link: www.cbl.co.za



Notice of the annual general meeting

Notice is hereby given to shareholders as recorded in the company?s securities register on 21 July 2017 that the 104th annual general meeting of shareholders of Crookes Brothers, in respect of the financial year ended 31 March 2017 will be held at the Durban Country Club, Isaiah Ntshangase Road, Durban, 4001 on Friday, 28 July 2017, at 11h00.



Record dates

The notice of annual general meeting (?Notice?) has been posted to shareholders of the Company who were recorded as such in the Company`s securities register on 15 June 2017.



The date on which shareholders of the Company must be recorded as such in the Company`s securities register in order to attend and vote at the annual general meeting is Friday, 21 July 2017 and the last day to trade to be eligible to vote at the annual general meeting will be Tuesday, 18 July 2017.



Proxy forms may be presented any time prior to or at the annual general meeting and also at the company's registered office, or the company?s transfer secretaries at the addresses as stated on the inside back cover of the 2017 integrated annual report, 48 hours before the commencement of the annual general meeting being Wednesday, 26 July 2017.



07-Jun-2017
(Official Notice)
The Crookes Brothers Board (?the Board?) wishes to announce the following changes to the Board of Directors:

*Shareholders are advised that Anthony Hewat will not be standing for re-election as a director and member of the Audit Committee at the Annual General Meeting of the Company to be held on Friday, 28 July 2017. Anthony will thus resign as a director of Crookes Brothers with effect from 28 July 2017.

*Tasneem Abdool-Samad has been appointed as a non-executive director of the Company with effect from 6 June 2017.



31-May-2017
(C)
Revenue for the year grew to R664.0 million (R542.7 million). Operating profit jumped to R125.2 million (R72.2 million). Profit attributable to owners shot up to R64.8 million (R48.9 million). In addition, headline earnings per share increased to 424.1 cents per share (366.0 cents per share).



Dividend

The board of directors, ("the board") has resolved to declare a final gross cash dividend of 115.0 cents per ordinary share ("the cash dividend") to ordinary shareholders recorded in the register of the company at the close of business on Friday, 7 July 2017.



Notice of annual general meeting

Notice is hereby given to shareholders as recorded in the company?s securities register on 21 July 2017 that the 104th annual general meeting of shareholders of Crookes Brothers Limited ("Crookes Brothers" or "the company"), in respect of the financial year ended 31 March 2017 will be held at the Durban Country Club, Isaiah Ntshangase Road, Durban, 4001 on Friday, 28 July 2017, at 11h00 ("the AGM" or "the annual general meeting").



The annual report will be posted to shareholders on or about 30 June 2017.



Company prospects

The next 12 months will be challenging as we recover from the effects of the drought, particularly in our cane segment in Mpumalanga. Our deciduous division continues to be exposed to water risk due to the severe ongoing drought in the Western Cape.



The performance of the deciduous division in 2018 will depend on rainfall in the current winter months.



With deciduous fruit orchards approaching maturity, an excellent first harvest from the macadamia project and the start of the Renishaw property development during the financial year under review, the group?s medium term prospects are promising.



It is noteworthy that approximately R400 million of assets reflected on the group?s balance sheet are currently in development phase and will deliver an increased contribution to profits from 2019.



We are confident that our financial goals of achieving long term headline earnings growth of 15% per annum and a return in equity of 15% are attainable with the maturing of these non-producing assets.
29-Nov-2016
(C)
Revenue for the interim period rose to R451.7 million (R353.2 million). Operating profit shot up to R103.3 million (R43.5 million) whilst profit attributable to shareholders grew to R39.3 million (R25.5 million). In addition, headline earnings per share jumped to 257 cents per share (203.1 cents per share).



Interim cash dividend declaration

The board continues to maintain a conservative dividend policy, given the group's ongoing growth and investment strategy.



The board has consequently declared a gross cash dividend of 50.0 cents (2016: 35.0 cents) per share for the six month period ended 30 September 2016, payable to shareholders recorded in the register of the company at the close of business on the record date, Friday, 6 January 2017.



Prospects

In addition to the macadamia project in northern Mozambique, two other major projects are currently under implementation following receipt of the required regulatory approvals. The greenfield development of a 300 hectare banana farm in southern Mozambique, in partnership with our shareholder, SilverStreet, was initiated following receipt of environmental authority approval. The first 40 hectares of bananas will be planted in February 2017.



The first phase of the Renishaw property development, comprising a 550 unit mature lifestyle estate, commenced in April 2016. This six year project is on budget with all 28 units in phase one pre-sold to date and continuing strong demand. Initial revenue from first unit sales will reflect in the group's financial statements in the year ending March 2018. The prospects of the group are encouraging, with these new projects under implementation, the macadamia project coming into production and the deciduous orchards approaching maturity. The group continues to seek expansion opportunities in the agricultural sector in Southern Africa to expand and diversify its portfolio of assets. The group has responded well to the drought conditions through a combination of better prices, quality farms and good agricultural practices.
24-Nov-2016
(Official Notice)
For the six month period ended 30 September 2016, shareholders are advised that:

*basic earnings per share is expected to be between 250 cents and 270 cents, being an increase of between 38% and 49%, compared to 180.8 cents in the corresponding prior period; and

*headline earnings per share is expected to be between 250 cents and 270 cents, being an increase of between 38% and 49% compared to 181.4 cents in the corresponding prior period.



Earnings increases have been driven mainly by higher sugar cane and banana prices offset by declining deciduous prices.



The information in this trading statement has not been reviewed or reported on by the Company?s auditors. The Company?s financial results for the six month period ended 30 September 2016 are expected to be published on or about 29 November 2016.





30-Aug-2016
(Official Notice)
Shareholders of Crookes are referred to the special resolution tabled and approved at the Annual General Meeting held on 29 July 2016, authorising directors in terms of Section 45 of the Companies Act, 2008 (Act 71 of 2008) (?the Act?) to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the Company. The Board has authorised the Company in terms of Section 45 (2) of the Act, to provide or to continue to provide direct or indirect financial assistance (including by way of loans or guarantees) to related or inter- related companies in the normal course of business.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provides such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance would be given would be fair and reasonable to the Company. Shareholders are advised that the financial assistance (loan finance) to be provided to the related or inter-related companies may exceed 1/10th of 1% of the Company?s net worth as at the approval date of this notification.
29-Jul-2016
(Official Notice)
The board of directors of Crookes Brothers advised that at the annual general meeting of shareholders held on 29 July 2016, the following resolutions, as set out in the notice of annual general meeting which was incorporated in the Integrated Annual Report distributed to shareholders on 30 June 2016, were duly approved by the requisite majority of shareholders present and voting, in person or represented by proxy.
01-Jul-2016
(Official Notice)
No change statement

Shareholders are advised that the Integrated Annual Report of the company for the year ended 31 March 2016 was posted on 30 June 2016 and contains no modifications to the summary audited financial results which were published on SENS on 31 May 2016.



Notice of the annual general meeting

Notice is hereby given that the 103rd annual general meeting of shareholders of Crookes Brothers in respect of the financial year ended 31 March 2016 will be held at the Durban Country Club, Isaiah Ntshangase Road, Durban, 4001 on Friday, 29 July 2016, at 11h00.



Record dates

The notice of annual general meeting (?Notice?) has been posted to shareholders of the company who were recorded as such in the company`s securities register on 17 June 2016.



The date on which shareholders of the company must be recorded as such in the company`s securities register in order to attend and vote at the annual general meeting is Friday, 22 July 2016.



It should be noted that as theT+3 settlement cycle will be effective from 11 July 2016, the last day to trade to be eligible to vote at the annual general meeting will be Tuesday, 19 July 2016 rather than Friday, 15 July 2016 as reflected in the Notice.

Proxy Forms must be lodged by no later than 11h00 on Wednesday, 27 July 2016.



31-May-2016
(C)
Revenue for the year increased to R542.7 million (2015: R526.1 million). Operating was higher at R87.5 million (2015: R61.1 million). Profit for the year attributable to owners of the company grew to R60.5 million (2015: R40.7 million). Furthermore, headline earnings per share improved to 452.9 cents per share (2015: 330.6 cents per share).



Dividend

The board of directors, ("the board") has resolved to declare a final gross cash dividend of 115.0 cents per ordinary share ("the cash dividend") to ordinary shareholders recorded in the register of the company at the close of business on Friday, 1 July 2016.



Prospects

The 2016/17 year is likely to be tough for the group's cane operations, with little relief expected from the difficult climatic conditions, as we go into winter with very low dam levels and restricted irrigation in Mpumalanga and Swaziland. It is expected that the reduced production will be partially offset by excellent sugar prices, however.



The group anticipates that deciduous fruit volumes will continue to increase as new orchards come into production, although growth might slow next year after the bumper crop of the current season. This division will become increasingly important to the group in the future.



The effect of the drought on the banana crop tonnage and quality are unknown at this stage, but early indications are good and we expect good yields and grades in 2017. Prices are also expected to be good in 2017 as the supply to the market is affected by the drought.



The group's prospects for the medium term are exciting, with the replanted deciduous fruit orchards approaching maturity, the macadamia orchards coming into production in 2017 and the implementation of the Renishaw development imminent. Following the capital raising exercise, several high return projects/acquisitions are under evaluation to build on the group's expansion strategy.



Notice of the annual general meeting an posting of annual report

Notice is hereby given that the 103rd annual general meeting of shareholders of Crookes Brothers Ltd ("Crookes Brothers" or "the company"), in respect of the financial year ended 31 March 2016 will be held at the Durban Country Club, Isaiah Ntshangase Road, Durban, 4001 on Friday, 29 July 2016, at 11h00 ("the AGM" or "the annual general meeting").

17-May-2016
(Official Notice)
For the year ended 31 March 2016, shareholders are advised that:

*Earnings per share is expected to range between 400 and 460 cents per share (2015: 323.9 cents), which is an increase of between 23% and 42% compared to the previous corresponding period (?prior year?).

*Headline earnings per share is expected to range between 400 and 460 cents per share (2015: 330.6 cents), which is an increase of between 21% and 39% compared to the prior year.



Growth in earnings is a recovery from 2015 levels and is attributable to excellent results from our deciduous fruit and banana operations driven by improving yields, higher prices and more deciduous orchards coming into production.



Earnings from sugar cane are down on last year, with lower production as a consequence of the ongoing drought negatively impacting sugar cane yields. This has been partially offset by increased sugar prices.



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



The company?s results for the year ended 31 March 2016 are expected to be published on or about 31 May 2016.



19-Feb-2016
(Official Notice)
Shareholders are advised of changes to the board of directors.



Phil Barker will be retiring and will consequently retire from the Board with effect from 31 March 2016.



Greg Veale, who has been acting as group financial director designate since 1 August 2015, will assume the role of group financial director with effect from 1 April 2016.







21-Dec-2015
(Official Notice)
Crookes shareholders (?Shareholders?) are referred to the announcements published on the Stock Exchange News Service of JSE Ltd. dated 25 June 2015, 30 July 2015, 11 August 2015, 19 October 2015 and 20 November 2015 and the circular dated 16 November 2015 (?Circular?) regarding, inter alia, the Silverlands Share Issue and Claw-Back Offer in terms of which 2 687 500 Crookes Brothers shares will be issued to raise R215 million. Words and expressions in this announcement shall have the same meaning as assigned to them in the Circular.



Results of claw-back offer

In terms of the Claw-back Offer, Shareholders were entitled to subscribe for Shares in the ratio of 21.36868 Shares for every 100 Shares held at the close of trade on Friday, 4 December 2015 at a price of R80 per Share. Following the closing of the Claw-back Offer on Friday, 18 December 2015, applications for 54 231 Shares constituting 3.01% (excluding the 888 200 Shares to which Silverlands was entitled in terms of the Claw-back Offer) of the Claw-back Shares were received from Shareholders (or their renouncees). The balance of 2 633 269 Silverlands Subscription Shares, constituting 97.98% of the Claw-back Shares (including the shares to which Silverlands was entitled in terms of the Claw-back Offer) have been credited to Silverlands? CSDP account. Following the closing of the Claw-back Offer, Silverlands holds 6 789 819 Shares, representing 44.48% of the total issued share capital of the Company.
26-Nov-2015
(C)
Revenue for the interim period rose to R353.2 million (R310.4 million). Operating profit shot up to R39.3 million (R14.5 million) whilst profit attributable to shareholders more than doubled to R22.7 million (R8.4 million). In addition, headline earnings per share jumped to 181.4 cents per share (66.0 cents per share).



Interim Cash Dividend Declaration

The board continues to maintain a conservative dividend policy, given the group's ongoing reinvestment strategy, as well as the significant downside risk posed by persistent drought conditions in southern Africa.



A gross interim cash dividend of 35.0 cents (2014: 65,0 cents) per share, for the six-month period ended to 30 September 2015, has been declared payable to shareholders recorded in the register of the company at the close of business on the record date, Friday, 18 December 2015.



Prospects

Following the recent capital raising, the group continues to seek expansion opportunities in Southern Africa. Several major projects are currently under evaluation, following due consideration by the board of the need to balance longer term projects with short term cash-generative investments.



It is planned to start a greenfield development of a 300 hectare banana farm in southern Mozambique, in partnership with Silverlands in 2016. This project offers an attractive return and is considered low risk because of its proximity to the group's existing banana operation.



The Department of Agriculture recently approved the rezoning of the major part of the group's Renishaw Estate near Scottburgh for residential, commercial and industrial development. Renishaw Property Developments plans to launch the first phase residential project early in 2016. Much interest has been shown in the development by hospital, school and commercial property groups.



With the replanted deciduous orchards rapidly reaching maturity, the macadamia operations due to start producing from 2017, as well as several promising projects in the pipeline, the medium-term prospects of the group are promising.
25-Nov-2015
(Official Notice)
In advance of the publication of the interim results for the six month period ended 30 September 2015, on or about 1 December 2015, shareholders are advised that :

* earnings per share is expected to be between 174.1 and 187.5 cents, being an increase of between 159.1% and 179.0%, compared to 67.2 cents per share in the corresponding prior period; and

* headline earnings per share is expected to be between 174.8 and 188.0 cents, being an increase of between 164.8% and 184.8% compared to 66.0 cents per share in the corresponding prior period;



The improvement in earnings is as a result of the poor Swaziland cane crop in the previous corresponding period due to strike action, and early harvesting and consequent early recognition of cane revenue in the current year.



Joint Venture (?JV?)

An agreement was recently concluded with the community owners of a large part of the leased Komati Estate for a 20 year JV for the operation of the farm. In terms of this agreement CBL will terminate its current 10 year lease agreement four years ahead of schedule, in return for the extended term of the JV agreement. While this will have a negative impact on short term profitability, the long term sustainable benefits for all stakeholders are significant.



Drought

The board cautions shareholders that should the drought continue, it may have a material negative impact on the group?s earnings for the current financial year.
20-Nov-2015
(Official Notice)
19-Oct-2015
(Official Notice)
Crookes shareholders (?Shareholders?) are referred to the announcement published on the Stock Exchange News Service on 11 August 2015 which advised that the Claw-back Offer remained subject to the obtaining of the requisite approvals from:

- the Issuer Regulation Division of JSE Limited (?JSE Approval?); and

- the competition authority.



Further to the above, the requisite competition authority approvals have now been obtained and the Claw-back Offer now only remains subject to JSE Approval. It is anticipated that JSE Approval will be obtained in mid-November 2015 when the funds regarding the maximum subscription of 2 687 500 ordinary shares in the share capital of the Company, at an issue price of R80 per share, are expected to transfer from Silverlands (SA) Plantations S.?r.l (?Silverlands?), a soci?t? ? responsabilit? limit?e registered in Luxembourg, to the Company. At this time, a further announcement will be published setting out the full details and dates pertaining to the Claw-back Offer.
27-Aug-2015
(Official Notice)
Shareholders of Crookes are referred to the special resolution tabled and approved at the Annual General Meeting held on 31 July 2015, authorising directors in terms of Section 45 of the Companies Act, 2008 (Act 71 of 2008) (the Act) to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the Company. The Board has authorised the Company in terms of Section 45 (2) of the Act, to provide or to continue to provide direct or indirect financial assistance (including by way of loans or guarantees) to related or inter- related companies in the normal course of business.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provides such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance would be given would be fair and reasonable to the Company. Shareholders are advised that the financial assistance (loan finance) to be provided to the related or inter-related companies may exceed 1/10th of 1% of the Company?s net worth as at the approval date of this notification.
11-Aug-2015
(Official Notice)
31-Jul-2015
(Official Notice)
The board of directors of Crookes hereby advises that at the annual general meeting of shareholders held on 31 July 2015, the following resolutions, as set out in the notice of annual general meeting which was incorporated in the Integrated Annual Report distributed to shareholders on 30 June 2015, were duly approved by the requisite majority of shareholders present and voting, in person or represented by proxy.
30-Jul-2015
(Official Notice)
Shareholders are referred to the announcement dated 25 June 2015 (?the Waiver Announcement?) and the circular distributed to shareholders dated 2 July 2015 (?the Waiver Circular?).



The terms defined in the Waiver Announcement and the Waiver Circular shall bear the same meanings in this results of General Meeting announcement.



Further to the publication of the Waiver Announcement and the distribution of the Waiver Circular, the Board of Crookes Brothers hereby advises that at the General Meeting of Shareholders held on 30 July 2015, the following resolutions, as set out in the notice of General Meeting which was incorporated in the Waiver Circular, were duly approved by the requisite majority of Shareholders present in person or represented by proxy.
09-Jul-2015
(Official Notice)
Crookes wishes to announce the following changes to the Board of Directors:

*Richard Chance, Tim Crookes and Tim Denton have been appointed as non- executive directors of the Company with effect from 10 July 2015.

*Richard Chance is a qualified attorney with many years of corporate experience in various functions at SA Breweries, including industrial relations, operations, CSI, public policy and corporate affairs. Richard is currently a partner in a legal practice and provides general business consulting services.

*Tim Crookes has significant farming interests as well as serving as Managing Director of Ellingham Estates. Tim currently serves as a member of the SA Canegrowers Board of directors and as a grower nominee on Illovo?s Sezela Mill Management Committee.

*Tim Denton is Head of Agricultural Research for SilverStreet Capital and has served as an alternate director on the board of the Company for the past two years. He has a wealth of experience in farming and developing projects in Africa.



25-Jun-2015
(Official Notice)
08-Jun-2015
(Official Notice)
Xola Sithole, an independent non-executive director of Crookes, resigned from the board on 6 June 2015.
05-Jun-2015
(Official Notice)
Shareholders are referred to the cautionary announcement published on SENS on 22 April 2015, and are hereby advised that the Company?s discussions with a strategic investment partner regarding the capitalisation of the Company is still ongoing. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company?s securities until a further announcement is made.
02-Jun-2015
(C)
Revenue for the year rose to R526.1 million (2014: R439 million). Operating profit was lower at R61.1 million (2014: R90.8 million), while profit for the year from continuing operations lowered to R43.1 million (2014: R79.6 million). Furthermore, headline earnings per share decreased to 330.6cps (2014: 676.8cps).



Dividend

The board of directors ("the board") has resolved to declare a final gross cash dividend of 85.0 cents per ordinary share ("the cash dividend") to ordinary shareholders recorded in the register of the company at the close of business on Friday, 10 July 2015.



Prospects

The agricultural environment in southern Africa, although not without its challenges, continues to offer great potential arising from regional economic growth, global food security concerns and renewable energy opportunities. With several profit- enhancing projects under implementation and recent orchard developments moving towards maturity, the group's prospects remain positive.



Notice of AGM and posting of annual report

Notice is hereby given that the annual general meeting of the company will be held at 11:00 on Friday 31 July 2015, at the Durban Country Club, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements. The annual report will be posted to shareholders on or about 30 June 2015.

01-Jun-2015
(Official Notice)
In compliance with the requirements of paragraph 3.59 of the Listings Requirements of the JSE Ltd., Crookes wishes to announce the following change to the Board of Directors:



Chris Chance, a non-executive director of Crookes, resigned from the board on 29 May 2015.



The directors and management of Crookes would like to take the opportunity to thank Chris for the many years of service on the Board of the Company and for the valuable contribution he made to the Crookes group during his 22 years with the Company and wish him well for the future.
14-May-2015
(Official Notice)
Paul Bhengu, a non-executive director of Crookes, retired from the board on 25 February 2015.
22-Apr-2015
(Official Notice)
In pursuit of the company?s strategy to expand into southern Africa, the board has considered various options to capitalise the company to fund various new projects. In this regard, the company is currently in discussions with a strategic investment partner, the successful conclusion of 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 further announcement is made.
24-Mar-2015
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd. relating to Trading Statements, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will differ by at least 20% or more from those of the previous corresponding period.



Shareholders are advised that the company expects that, for the twelve months ended 31 March 2015:



Earnings per share (?EPS?) are expected to be between 275.0 cents and 335.0 cents compared to EPS of 1609.0 cents in the previous corresponding period, being the twelve months ended 31 March 2014 (?previous corresponding period?), a decline of between 79% and 83%.



Earnings in the previous corresponding period included capital profits on the disposal of assets and earnings related to discontinued operations, which amounted to 975.9 cents per share.



EPS from continuing operations are expected to be between 275.0 cents and 335.0 cents compared to EPS from continuing operations of 633.1 cents in the previous corresponding period, a decline of between 47% and 57%.



Headline earnings per share (?HEPS?) are expected to be between 275.0 cents and 335.0 cents compared to HEPS of 676.8 cents in the previous corresponding period, a decline of between 51% and 59%.



The earnings decline is principally caused by a reduced Swaziland sucrose price, poor growing conditions and strikes in Swaziland, and start-up problems at the development project in Mozambique.



This is exacerbated by a lower year-end valuation of the Swazi cane crop and the deciduous fruit crop with next year?s prices predicted to be lower than those of the current financial year.



The reduction in the Swaziland sucrose price is a consequence of a slump in European Union (?EU?) market prices resulting from market rationalisation pending the termination of sugar quotas in 2017.



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



The company?s results for the year ended 31 March 2015 are expected to be published on or about 2 June 2015.
02-Dec-2014
(C)
Revenue from continuing operations for the interim period shot up to R310.4 million (R266.9 million. Operating profit lowered to R14.5 million (R52.5 million),and profit attributable to owners of the company decreased to R8.4 million (R47.1 million). Furthermore, headline earnings per share fell to 66cps (372.5cps).



Dividend

A gross interim cash dividend of 65 cents per share, for the six-month period ended 30 September 2014, has been declared.



Outlook

The group continues to seek expansion and acquisition opportunities in South and Southern Africa in line with its long term strategy, with several major projects in various phases of evaluation.



Substantial projects in progress are:

Gurue, Mozambique: macadamias and cash crops

Despite initial setbacks, development of the group's 3 200 hectare property located near Gurue in northern Mozambique has maintained momentum during the period under review. The upgrading and construction of infrastructure is largely complete and the project is fully staffed. The project is still on track to establish 700 hectares of macadamias and a range of cash crops in accordance with the development programme. In time, this operation is expected to become a major contributor to group profits;



Renishaw property development

This project is progressing with the recent approval of the environmental impact assessment and submission of an application to rezone 442 hectares of land for phased residential and commercial development.

25-Nov-2014
(Official Notice)
Shareholders are advised that the company expects that, for the six months ended 30 September 2014:

*Earnings per share (EPS) is expected to be 66.0 cents compared to EPS of 375.2 cents in the previous corresponding period, being the six months ended 30 September 2013 (previous corresponding period), a decline of 82.4%.

*Headline earnings per share (HEPS) is expected to be 67.2 cents compared to HEPS of 372.5 cents in the previous corresponding period), a decline of 82.0%.



The board cautions against using interim figures to project full year earnings, due to the varying seasonality of the diverse crop?s in the group?s portfolio. A significant portion of the earnings decline relates to the timing of seasonal results and of the recognition of biological produce valuations, which will necessarily reverse in the second half of the financial year.



The adverse impact of the timing differences is compounded by the effect on profits of poor growing conditions and strikes in Swaziland and start-up problems at the development project in Mozambique. The financial information on which this trading statement is based has not been reviewed or reported upon by the company?s auditors. The company?s results for the year ended 30 September 2014 are expected to be published on or about 2 December 2014.
01-Sep-2014
(Official Notice)
Shareholders of Crookes are referred to the special resolution tabled and approved at the Annual General Meeting held on 1 August 2014, authorising directors in terms of Section 45 of the Companies Act, 2008 (Act 71 of 2008) ("the Act") to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the Company. The Board has authorised the Company in terms of Section 45 (2) of the Act, to provide or to continue to provide direct or indirect financial assistance (including by way of loans or guarantees) to related or inter- related companies in the normal course of business.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provides such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance would be given would be fair and reasonable to the Company. Shareholders are advised that the financial assistance (loan finance) to be provided to the related or inter-related companies exceeds 1/10th of 1% of the Company's net worth as at the approval date of this notification.
01-Aug-2014
(Official Notice)
Shareholders are advised that, at the Company's annual general meeting held at 11h00 on Friday, 1 August 2014, all the ordinary and special resolutions were passed by the requisite majority of shareholders.
30-Jun-2014
(Official Notice)
Shareholders are advised that the Integrated Annual Report of the Company for the year ended 31 March 2013 was posted on Friday, 27 June 2014 and contains no modifications to the summary audited financial results which were published on SENS on 3 June 2014.



Notice of AGM

Notice was given that the Annual General Meeting of shareholders will be held at the Durban Country Club, Isaiah Ntshangase Road (formerly Walter Gilbert Road), Durban, on Friday, 1 August 2014 at 11h00 for the transaction of the business stated in the Annual General Meeting Notice, forming part of the Integrated Annual Report.



Record dates

The notice of annual general meeting has been posted to shareholders of the Company who were recorded as such in the Company's securities register on Friday, 27 June 2014. The date on which shareholders of the Company must be recorded as such in the Company's securities register in order to attend and vote at the annual general meeting is Friday, 25 July 2014. The last day to trade in order to be entitled to vote at the annual general meeting is Friday, 18 July 2014. Proxy Forms must be lodged by no later than 11h00 on Wednesday, 30 July 2014. Renishaw
04-Jun-2014
(Official Notice)
Xola Sithole has been appointed as a non-executive director of the Company with effect from 30 May 2014.
03-Jun-2014
(C)
Revenue for the year rose to R439 million (2013: R362.3 million). Operating profit was higher at R90.8 million (2013: R85.8 million), while profit for the year from continuing operations lowered to R79.6 million (2013: R88.4 million). Furthermore, headline earnings per share weakened to 676.8cps (2013: 753.5cps).



Dividend

Shareholders are advised that the board of directors ("the board") has resolved to declare a final gross cash dividend of 120cps to ordinary shareholders recorded in the register of the company at the close of business on Friday, 11 July 2014.



Prospects

The agricultural environment in southern Africa, although not without challenges, continues to offer great potential for development arising from global food security and renewable energy concerns. With several profit-enhancing projects under implementation and recent orchard developments moving towards maturity, the group's prospects remain positive.



Notice of AGM and posting of AR

The annual report will be posted to shareholders on or about 30 June 2014. Notice is hereby given that the annual general meeting of the company will be held at 11:00 on Friday 1 August 2014, at the Durban Country Club, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
20-May-2014
(Official Notice)
Shareholders are advised that the company expects that, for the financial year ended 31 March 2014: Earnings per share ("EPS") will be between 1 585 cents and 1 625 cents compared to EPS of 757.1 cents in the previous corresponding period, being the financial year ended 31 March 2013 ("previous corresponding period"). The EPS for the period being reported is significantly increased by the capital profit on the sale of the company's grain farm in the Western Cape. Headline earnings per share ("HEPS") will be between 660 cents and 680 cents compared to HEPS of 749.9 cents in the previous corresponding period.



Comparison with the previous corresponding period is complicated by the recognition in the prior year of the once-off payment of arrear interest on the proceeds of the sale of the Komatipoort Estate. Without the additional interest income in the previous corresponding period the HEPS would have shown an increase of between 18% and 20%.



The company's results for the year ended 31 March 2014 are expected to be published on or about 4 June 2014.
28-Feb-2014
(Official Notice)
Shareholders of Crookes are referred to the special resolution tabled and approved at the Annual General Meeting held on 26 July 2013, authorising directors in terms of Section 45 of the Companies Act, (Act 71 of 2008), as amended ("the Act") to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the company. Subsequent to the acquisition of the farming enterprise known as High Noon Farm announced on SENS on 23 December 2013, and in terms of Section 45 (2) of the Act, the board has authorised the company to provide or to continue to provide direct or indirect financial assistance (including by way of loans or guarantees) to related or inter-related companies in the normal course of business.



The board has confirmed that, after considering the reasonably foreseeable financial circumstances of the company, it is satisfied that, immediately after it provided or provides such financial assistance, the company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance would be given would be fair and reasonable to the company. Shareholders are advised that the financial assistance (loan finance) provided or to be provided to the related or inter-related companies exceeds 1/10th of 1% of the company?s net worth as at the approval date of this notification.
23-Dec-2013
(Official Notice)
Shareholders of Crookes are referred to the special resolution tabled and approved at the Annual General Meeting held on 26 July 2013, authorising directors in terms of Section 45 of the Companies Act, 2008 (Act 71 of 2008) (the Act) to provide direct or indirect financial assistance to any company or corporation which is related or inter-related to the Company. In terms of Section 45 (2) of the Act, the Board has authorised the Company to provide loan finance, in the normal course of business, to a Crookes' subsidiary company.



The board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provided such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance was given were fair and reasonable to the Company. Shareholders are advised that the loan finance provided to the subsidiary company exceeds 1/10th of 1% of the Company?s net worth as at the approval date of the provision of the loan.
23-Dec-2013
(Official Notice)
Shareholders are advised that an agreement has been concluded between CBL Agri Services (Pty) Ltd, a wholly-owned subsidiary of Crookes (the Purchaser), and Ovenstone Farms (Pty) Ltd (the Seller), for the acquisition of the farming enterprise known as High Noon Farm in the Villiersdorp area of the Western Cape, inclusive of the properties, the biological assets, the movables and the shares as a going concern (High Noon Farm), for a purchase consideration of R103 million payable in cash on registration of transfer of the properties into the Purchaser's name (the consideration) (the acquisition).



The effective date will be the date of registration of transfer of the High Noon Farm into the Purchaser?s name. The High Noon farm has 180 hectares planted to deciduous fruit, with a further 60 hectares available for planting, and will be integrated into Crookes' existing Western Cape deciduous fruit operation. The farm is located on the Elands River in the Kaaimansgat Valley, considered to be a prime deciduous producing area due to its unique micro climate and high-potential soils. The acquisition will increase the area under deciduous fruit owned by Crookes to more than 600 hectares, enabling the Company to take advantage of resultant economies of scale.



Suspensive conditions

The acquisition is subject to conditions that are considered normal for transactions of this nature, of which the following remain outstanding:

*regulatory approval, where necessary; and

* the registration of transfer of the properties.
03-Dec-2013
(C)
Revenue for the interim period shot up to R287 million (2012: R239.2 million). Operating profit rose to R58 million (2012: R42.5 million), while profit from continuing and discontinued operations attributable to owners of the company came in at R47.1 million (2012: R53.7 million). Furthermore, headline earnings per share lowered to 372.5cps (2012: 429.1cps).



Dividend

The board is mindful of preserving cash to fund future growth and, after taking into account the increased capital investment requirements of the group as well as the muted prospects for the South African sugar cane price, has decided to maintain the interim dividend at the same level as last year. Consequently, a gross interim cash dividend of 80cps (2012: 80cps), for the six-month period ended 30 September 2013, has been declared payable to shareholders recorded in the books of the company at the close of business on the record date, Friday, 10 January 2014.



Prospects

The Board again cautions against using interim figures to project full year results, due to the varying seasonality of the diverse crops in the group's portfolio. Substantial projects currently being implemented include:

* the development of land on long-term lease near Gurue, Mozambique, as described above; and

* the progressing of the property development opportunities on the Renishaw farm, with the final environmental impact assessment (EIA) documentation having been submitted to the authorities.



In addition, several other major projects and acquisitions are in the final phase of evaluation and the group continues to seek expansion and acquisition opportunities in South and southern Africa in line with its long-term strategy to enhance profitability. The strong balance sheet enables the funding of current project expenditure largely from existing resources.
01-Aug-2013
(Official Notice)
Shareholders are advised that an agreement has been reached between Crookes and K2013088981 (Pty) Ltd., for the disposal of the farming enterprise known as Quarrie Farms in Bredasdorp, Western Cape, together with its movable and immovable properties, as a going concern ("Quarrie Farms"), for a purchase consideration of R160 million payable in cash on registration of transfer of the properties ("the consideration") ("the disposal"). The effective date of the disposal will be the day following the date of registration of transfer of Quarrie Farms or the day following the date of payment of the consideration.



Suspensive conditions

The disposal is subject to conditions that are considered normal for transactions of this nature, of which the following remain outstanding:

* regulatory approval, where necessary; and

* the registration of transfer of the properties



Warranties

The disposal is subject to warranties that are considered normal for transactions of this nature.



Financial effects

Before the disposal - after the disposal:

* Earnings per share (cents): 757.1 - 1 772.8

* Headline earnings per share (cents): 749.9 - 745.9

* Net asset value per share (cents): 4 701 - 5 721.
26-Jul-2013
(Official Notice)
Shareholders are advised that, at the Company's annual general meeting held at 12h00 on Friday, 26 July 2013, all the ordinary and special resolutions were passed by the requisite majority of shareholders. The special resolutions where applicable, will be filed with the Companies and Intellectual Property Commission in due course.

15-Jul-2013
(Official Notice)
Crookes ordinary shareholders are referred to the announcement released on SENS on 20 June 2013 and published in the press on 21 June 2013 regarding the capitalisation issue with respect to the election to receive capitalisation shares (Capitalisation Shares) in terms of a capitalisation issue (the Capitalisation Issue) in lieu of a cash dividend (the Cash Dividend).



As set out in the abovementioned announcement, the number of Capitalisation Shares to which Shareholders participating in the Capitalisation Issue would become entitled to was 2.90909 Capitalisation Shares for every 100 ordinary shares held. 161 817 new Capitalisation Shares were issued today to Shareholders who owned 44.9% of the ordinary shares of the Company and who elected to receive Capitalisation Shares in terms of the Capitalisation Issue. This has resulted in a capitalisation of R8 899 935 out of the retained earnings reserves of the Company.



Shareholders recorded in the register of the Company at the close of business on Friday, 12 July 2013 holding 6 822 489 ordinary shares received the gross Cash Dividend of 160 cents per ordinary share, resulting in a total Cash Dividend of R10 915 982.40, which was paid out of the profits of the Company. Share certificates and dividend cheques, where applicable, will be dispatched to certificated Shareholders and the accounts of dematerialised Shareholders will be credited, today, 15 July 2013.
27-Jun-2013
(Official Notice)
Shareholders are advised that the Integrated Annual Report of the Company for the year ended 31 March 2013 will be posted on Friday, 28 June 2013 and contains no modifications to the audited financial results which were released on SENS on Tuesday, 28 May 2013.



Notice of the annual general meeting

Notice is given that the annual general meeting of the Company will be held at 12h00 on Friday, 26 July 2013, at the Durban Country Club, Isaiah Ntshangase Road (formerly Walter Gilbert Road), Durban, to transact the business as stated in the annual general meeting notice, forming part of the Integrated Annual Report.
20-Jun-2013
(Official Notice)
28-May-2013
(C)
Revenue from continuing operations increased to R387.5 million (R342.5 million). Operating profit decreased to R83.8 million (R90.3 million). While, attributable profit increased to R93.8 million (R78.3 million), and headline earnings per share grew to 749.9cps (588.3cps).



Dividend

A gross final ordinary dividend of 160cps has been declared.



Outlook

Projects now being implemented or under consideration should provide a platform for strong growth in the medium term. With the substantial cash resources available for investment, the group is well positioned to undertake further expansion into Southern Africa in line with its strategic objectives.



Notice of AGM

The annual report will be posted to shareholders on or about 28 June 2013. Notice is hereby given that the annual general meeting of the company will be held at 12:00 on Friday 26 July 2013, at the Durban Country Club, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
13-May-2013
(Official Notice)
Shareholders are advised that the company expects that, for the financial year ended 31 March 2013: Headline earnings per share ("HEPS") will be between 735 cents and 755 cents compared to HEPS of 588.3 cents reported in the previous corresponding period, being the financial year ended 31 March 2012 ("previous corresponding period"). Earnings per share ("EPS") will be between 740 cents and 760 cents compared to EPS of 631.9 cents reported in the previous corresponding period.



The improvement in HEPS arises largely from the payment of interest by the National Department of Land Affairs, on the proceeds of the sale of the Komatipoort estate. Without the additional interest income the HEPS would have been marginally lower than that of the previous corresponding period. The EPS is similarly affected by the interest payment mentioned above. Comparison with the prior year EPS is complicated by the recognition in the previous corresponding period of the once-off capital profit realised on the sale of the Belleview deciduous fruit farm.



The company's results for the year ended 31 March 2013 are expected to be published on or about 29 May 2013.
08-May-2013
(Official Notice)
Crookes announced the following change to the Board of Directors: John Barton (65) has been appointed as an independent non-executive director of the Company with effect from Wednesday 8 May 2013.
27-Nov-2012
(C)
Revenue for the interim period shot up to R241.5 million (2011: R206.8 million. Operating profit lowered to R45.7 million (2011: R52.3 million), but profit attributable to owners of the company jumped to R53.7 million (2011: R34.4 million). Furthermore, headline earnings per share grew to 429.1cps (2011: 275.6cps).



Dividend

A gross cash dividend of 80cps (2011: 65cps), for the six-month period ended 30 September 2012, has been declared.



Prospects

The Board again cautions against using interim figures to project full year results, due to the varying seasonality of the diverse crops in the group's portfolio. Weaker but volatile exchange rates and generally stronger prices for the group's products indicate sound shorter-term prospects. Several significant projects are currently being implemented with the aim of enhancing longer-term earnings:

* The expansion of the area under sugar cane by a further 500 hectares on our existing operation at Big Bend in Swaziland, 260 hectares of which is subject to the granting of additional water rights;

* The final phase of the expansion of the Western Cape deciduous fruit operations, which will increase the size of this operation to 470 hectares;

* The establishment of 300 hectares of macadamia nut plantations on long-term leased land in Gurue, Mozambique; and

* The progressing of the property development opportunities on the Renishaw farm, with environmental impact assessment documentation having been submitted to the authorities.



The strong balance sheet enables the funding of current project expenditure from existing resources.
27-Nov-2012
(Official Notice)
Pierre Joubert has resigned as non-executive director of Crookes with effect from 23 November 2012. Gary Vaughan-Smith (49) BSc, MSc and Tim Denton (51) have been appointed as non-executive director and alternate non-executive director, respectively, with effect from 23 November 2012.
20-Nov-2012
(Official Notice)
Shareholders are advised that the company expects that, for the six months ended 30 September 2012: -earnings per share (EPS) will be between 425 cents and 445 cents compared to the prior period EPS of 277.9 cents -headline earnings per share (HEPS) are expected to improve to between 420 cents and 440 cents over HEPS of 275.6 cents in the previous corresponding period.



The improvement in EPS and HEPS arises largely from the finalisation of the claim against the National Department of Land Affairs in respect of interest payable on the proceeds of the sale of its Komatipoort estate. Without the additional interest income the EPS and HEPS would be 178 cents per share lower. The financial information on which this trading statement is based has not been audited and reported upon by the company?s auditors. The company's results for the six month period ended 30 September 2012 are expected to be published on or about 27 November 2012.
28-Sep-2012
(Official Notice)
Further to a previous announcement released on SENS on 7 July 2010 wherein shareholders were advised that disputed interest payments related to the disposal of the Komatipoort Estate were subject to legal process, the company is now able to report that the Supreme Court of Appeal has ruled in its favour, the outcome of which is that the company is to be paid the amount of R22.8 million plus interest and costs.
30-Jul-2012
(Official Notice)
Shareholders are advised that, at the company's annual general meeting held at 12h00 on Friday, 27 July 2012 all the ordinary and special resolutions proposed thereat, were approved by the requisite majority of shareholders. The special resolution relating to the adoption of the new memorandum of incorporation will be filed immediately for registration with the Companies and Intellectual Property Commission.
28-Jun-2012
(Official Notice)
Shareholders are advised that the integrated annual report of the company for the year ended 31 March 2012 will be posted on Friday, 29 June 2012 and contain no modifications to the abridged audited financial results which were published on SENS on 29 May 2012.



Notice of the annual general meeting

Notice was given that the annual general meeting of the company will be held at 12h00 on Friday, 27 July 2012, at the Durban Country Club, Isaiah Ntshangase Road (formerly Walter Gilbert Road), Durban, to transact the business as stated in the annual general meeting notice, forming part of the Integrated Annual Report.
27-Jun-2012
(Official Notice)
Shareholders are referred to the announcement released on SENS on Tuesday, 29 May 2012 wherein shareholders were advised that the board had declared a final gross cash dividend of 135.0 cents per share in respect of the year ended 31 March 2012. Shareholders are now advised that, after utilisation of STC credits on dividends received to 27 June 2012, the revised STC credits amount to 45.46360 cents per share, and the net dividend payable to those shareholders who are not exempt from paying dividend tax will be 121.56954 cents per share as opposed to the 115.365 cents per share previously announced. The number of ordinary shares in issue at the date of the declaration was 12 385 000. The salient dates as announced on SENS on 29 May 2012 remain unchanged.
29-May-2012
(C)
Revenue increased to R362 million (R298.3 million). Operating profit more than tripled to R98.3 million (R25.8 million). Nevertheless, attributable profit declined to R78.3 million (R112.8 million). However, headline earnings per share more than doubled to 588.3c (203.9cps).



Dividend

A gross final ordinary dividend of 135cps has been declared.



Outlook

Projects now being implemented or under consideration should provide a platform for strong growth in the medium term. With the substantial cash resources available for investment, the group is well positioned to undertake an expansion into Southern Africa in line with its strategic objectives.
16-May-2012
(Official Notice)
Further to the trading update issued on 27 February 2012 shareholders are advised that the company now expects that, for the financial year ended 31 March 2012 the headline earnings per share ("HEPS") and earnings per share ("EPS") will be as follows:

* HEPS: between 575 cents and 595 cents compared to HEPS of 203.9 cents reported in the previous corresponding period.

* EPS: between 620 cents and 640 cents compared to EPS of 911 cents reported in the previous corresponding period.



The improvement in HEPS arises from improved prices and a recovery in yields, particularly in sugar cane operations and with further improvement in forecast crop prices being received after the date of the last trading statement. The reduction in EPS is again due to the recognition in the prior reporting period of the once-off capital profit realised on the sale of the Komati Estate to the government as part of the land restitution program. The company's results for the year ended 31 March 2012 are expected to be published on or about 29 May 2012.
27-Feb-2012
(Official Notice)
Shareholders are advised that, for the financial year ending 31 March 2012, headline earnings per share ("HEPS") are expected to increase by at least 120% over HEPS of 203.9 cents reported in the previous corresponding period. The projected increase arises from improved prices and sound yields, particularly in sugar cane operations. However, earnings per share ("EPS") is expected to decrease to not less than 50% of the prior year EPS of 911.0 cents per share due to the recognition in the prior reporting period of the once-off capital profit realised on the sale of the Komati Estate to the government as part of the land restitution program. The company's results for the year ending 31 March 2012 are expected to be published on or about 30 May 2012.
29-Nov-2011
(C)
Revenue for the interim period ended 30 September 2011 rose to R206.8 million (R190.4 million) and operating profit tripled to R52.3 million (R17.4 million). However, net profit attributable to ordinary shareholders of the company fell to R34.4 million (R99.6 million), on the contrary headline earnings per share more than doubled to 275.6cps (100.9cps).



Dividend

A dividend of 65.0cps (2010: 45.0cps), for the six-month period ended 30 September 2011, has been declared.



Prospects

The board again cautions against using interim figures to project full year results, due to the varying seasonality of the diverse crops in the group's portfolio. Due to the volatility of exchange rates and prices for the group's products it is considered inappropriate to provide a forecast of expected headline earnings for the full year at this stage. Several significant projects are currently being implemented with the aim of enhancing future earnings. The area under sugar cane on the existing Swaziland Estate is being expanded by 570 hectares to 2 190 hectares, with the prospect of a further 500 hectares expansion, also on currently owned land, should water rights be secured. An additional area of 250 hectares under sugar cane has been purchased in Mpumalanga, subsequent to the end of the interim reporting period, and a further 85 hectares leased on favourable terms Additional sugar cane area of 220 hectares has been added on leased land at the KwaCele joint venture in KZN, funded by grants to the community property trust. Expansion of the deciduous fruit operations by a further 100 hectares is being undertaken on currently owned land, which will increase the total area under deciduous fruit to 490 hectares and the investigation of property development opportunities on the Renishaw farm is proceeding according to plan with final environmental impact assessment (EIA) documentation having been recently submitted to the authorities.
18-Nov-2011
(Official Notice)
Shareholders were advised that the company expects that, for the six months ended 30 September 2011:

* earnings per share ("EPS") will be between 265 cents and 285 cents compared to the prior period EPS of 804.1 cents

* headline earnings per share ("HEPS") are expected to improve to between 265 cents and 285 cents over HEPS of 100.9 cents in the previous corresponding period.



The improvement in HEPS arises from improved prices and sound yields, particularly in sugar cane operations. The reduction in EPS is due to the recognition in the prior reporting period of the once-off capital profit realised on the sale of the Komati Estate to the government as part of the land restitution program. The company's results for the six month period ended 30 September 2011 are expected to be published on or about 29 November 2011.
25-Jul-2011
(Official Notice)
Shareholders are advised that, at the company's annual general meeting held at 12h00 on Friday, 22 July 2011 all the ordinary and special resolutions proposed thereat, were approved by the requisite majority of shareholders.
04-Jul-2011
(Official Notice)
Shareholders are advised that the Annual Report of the company for the year ended 31 March 2011 was posted on Monday, 27 June 2011 and contain no modifications to the audited financial results which were published on SENS on 31 May 2011.

Notice is hereby given that the annual general meeting of the company will be held at 12h00 on Friday, 22 July 2011, at Durban Country Club, Isaiah Ntshangase Road (formerly Walter Gilbert Road), Durban, to transact the business as stated in the annual general meeting notice, forming part of the Annual Report.

31-May-2011
(C)
Revenue decreased to R298.3 million (R305.9 million), while operating profit declined to R25.8 million (R36.4 million). Net attributable profit increased to R112.8 million (R20.7 million). In addition, headline earnings per share grew to 203.9cps (89.9cps)



Dividend

A final ordinary dividend of 65cps has been declared.



Annual general meeting and annual report

The annual report will be posted to shareholders on or about 27 June 2011. Notice is hereby given that the annual general meeting of the company will be held at 12:00 on 22 July 2011 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements. .



Outlook

With a general firming of global food prices and better early season weather conditions, expectations are positive for the year ahead. Projects now being implemented or under consideration should provide a platform for strong growth in the medium term. With substantial cash resources available, the group is well positioned to undertake an expansion into Southern Africa in line with its strategic mandate, which will take the scope of its operations to a new level.
26-May-2011
(Official Notice)
Shareholders are advised that the company's earnings per share for the twelve month period ended 31 March 2011 is expected to be between 440% and 460% higher and headline earnings per share is expected to be between 120% and 140% higher than the results of the previous corresponding period. The difference between the earnings and headline earnings figures is due to the capital profit on the sale of the Komatipoort Estate to the National Department of Land Affairs. The company's results for the twelve month period ended 31 March 2011 are expected to be published on 31 May 2011.
19-Apr-2011
(Official Notice)
Crookes announced the following changes to the board of directors.

* Phumla Mnganga (43) BA, BEd and MBL and;

* Rodger Stewart (62) BSc (Agric) have been appointed as independent non-executive directors with effect from 1 May 2011.
29 Dec 2010 10:36:33
(Official Notice)
Shareholders were referred to the announcements released on SENS on 30 November 2010 and 23 December 2010 wherein it was stated that an interim dividend of 45.0 cents (2009: 45.0 cents) per share and a special dividend of 50.0 cents (2009: nil) per share had been declared, and will be payable to shareholders recorded in the books of the company at the close of business on the record date, Friday, 7 January 2011("the dividends"). Following the exchange control approval for the special dividend, shareholders are notified of the following revised salient dates:

*Last day to trade "CUM" dividends -- Friday, 7 January 2011

*Ordinary shares trade "EX" dividends -- Monday,10 January 2011

*Record date to participate in the dividends -- Friday, 14 January 2011

*Payment to shareholders in respect of the dividends -- Monday, 17 January 2011
23 Dec 2010 11:43:11
(Official Notice)
Shareholders are referred to the Unaudited Interim Results announcement released on the Securities Exchange News Service ("SENS") on Tuesday, 30 November 2010 wherein it was stated that an interim dividend of 45.0 cents (2009: 45.0 cents) per share and a special dividend of 50.0 cents (2009: nil) per share had been declared, and will be payable to shareholders recorded in the books of the company at the close of business on the record date, Friday, 7 January 2011.



The special dividend

As implementation of the special dividend is subject to Exchange Control Approval, shareholders are advised that, as this approval has been delayed, the dates that were previously announced for the special dividend will not apply and the revised dates for the special dividend will be announced on SENS once Exchange control approval has been received.



The interim dividend

Shareholders are advised that the interim dividend will go ahead as previously announced.

30 Nov 2010 11:01:40
(C)
Revenue from continuing operations rose to R190.4 million (September 2009: R170 million). Operating profit was down to R17.4 million (September 2009: R21 million). Profit attributable to shareholders increased to R99.6 million (September 2009: R24.5 million). Headline earnings per share increased to 100.9cps (September 2009: 68.8cps).



Dividend

The board has declared an interim dividend of 45cps (September 2009: 45cps) per share to reflect the sustainable earnings prospects for the group. In addition, in recognition of the non-recurring gains realised by the group from the Komati sale, the board has declared a special dividend of 50cps. This special dividend will be paid from reserves and is subject to exchange control approval. A finalisation announcement in this respect will be published on or about 23 December 2010.



Prospects

The board again cautions against using interim figures to project full year results, due to the varying seasonality of the diverse crops in the group?s portfolio. Due to the volatility of exchange rates and prices for the group?s products, and JSE rules, it is considered inappropriate to provide a forecast of expected headline earnings for the year at this stage. Earnings for the full year will benefit from the profit on the sale of the Komati Estate. The cash received from the sale of the Komati Estate has been invested in preference shares pending the identification of suitable investment opportunities. Several options are currently being investigated and your directors will act conservatively and with foresight in redeploying realised capital to establish new growth projects for the group.
15 Nov 2010 16:23:02
(Official Notice)
Shareholders were advised that the company's earnings per share for the six months ended 30 September 2010 is expected to be between 300% and 320% higher and headline earnings per share is expected to be between 45% and 65% higher than the results of the previous corresponding period. The company's results for the six month period ended 30 September 2010 are expected to be published on 29 November 2010.
26 Jul 2010 09:15:18
(Official Notice)
Shareholders were advised that, at the company's annual general meeting held at 12h00 on 23 July 2010 the special resolution and all the ordinary resolutions, proposed thereat, were approved by the requisite majority of shareholders.
07 Jul 2010 13:45:09
(Official Notice)
Shareholders are referred to the announcement which was released on SENS on 7 September 2009 wherein it was stated that the department had not furnished the requisite undertaking for payment of the purchase price of R200 million for the Komatipoort Estate to the conveyancers in accordance with the provisions of the agreement of sale and purchase. Shareholders are now advised that the conveyancers have as at 6 July 2010 received the purchase price of R200 million from the department.



In terms of the agreement of sale and purchase, Crookes is entitled to interest on any part of the purchase price not paid by the department at a rate of 15.5% per annum from the date of default to the date of payment. The department has given notice that it intends to contest the payment of this penalty interest.Crookes has commenced the appropriate process to pursue its rights in this regard. Shareholders are further advised that the company's lease of the property from the department commenced on the date of transfer, 2 July 2010, and farming operations on the property continue without interruption. The term of the lease is 5 years, renewable at the company's option for a further 5 years.

28 Jun 2010 15:07:22
(Official Notice)
Shareholders are advised that the annual report of the company for the year ended 31 March 2010 will be posted on Tuesday, 29 June 2010 and contain no modifications to the audited financial results which were released on SENS on 24 May 2010. Notice is hereby given that the annual general meeting of the company will be held at 12h00 on Friday, 23 July 2010, at Durban Country Club, Isaiah Ntshangase Road (formerly Walter Gilbert Road), Durban, to transact the business as stated in the annual general meeting notice, forming part of the annual report.

24 May 2010 11:28:19
(C)
Revenue increased to R305.9 million (R292.2 million) and operating profit more than halved to R36.4 million (R73.7 million). Net attributable profit declined to R20.7 million (R72.5 million). In addition, headline earnings on a per share basis fell to 89.9cps (357.1cps)



Dividend

A final ordinary dividend of 25cps has been declared.



Annual general meeting and annual report

The annual report will be posted to shareholders on or about 28 June 2010. Notice was also given that the annual general meeting of the company will be held at 12h00 on 23 July 2010, at the Durban Country Club.



Outlook

Despite the continued strength of the rand and weakness in the international deciduous fruit and grain markets, the group remains well placed to weather the current economic conditions. The group will look to expand its joint venture operations on quality farms and continue to develop a portfolio of products in diverse regions to mitigate against market and climatic risk.



The evaluation of the Renishaw/Clansthal cane farms for their property development potential by Renishaw Property Developments (Pty) Ltd is progressing. Any development would be phased over many years and would be complementary to our ongoing agricultural operation and environmental care of the estate. The delay in receiving the Komati sale proceeds has significant implications on the group's ability to make material further investment to achieve its strategic objectives, although a solid platform has been established from which to undertake future growth.
03 May 2010 17:11:01
(Official Notice)
Mr B Darbyshire-Roberts who is also financial director, has resigned as company secretary, with effect from 30 April 2010. Highway Corporate Services (Pty) Ltd have been appointed as company secretaries with effect from 1 May 2010 in his stead.
01 Mar 2010 11:04:29
(Official Notice)
Shareholders are advised that, for the year ending 31 March 2010, the company's earnings per share and headline earnings per share are expected to be between 55% and 75% lower than the results of the corresponding period last year.



Citrus - as a result of poor export prices this operation will incur a trading loss for the year. The company has discontinued its citrus operations as from 30 November 2009. The trading loss and write-off on these discontinued operations amount to R22 million for the year. The related land at the company's Riversbend Estate is now successfully under lease to Tongaat Hulett. Deciduous fruit - although excellent yields and good quality were achieved, Rand prices are on average 38% lower than the previous year. The accounting policy for the valuation of deciduous fruit stock and biological assets is to value the fruit at estimated realizable values. With the significant price decrease, stock and biological assets at 2009 year end were subsequently realized at prices significantly lower than the year end valuation, resulting in a negative impact of R13 million on profit. Due to uncertainty over the receipt of the R200 million proceeds from the sale of the company's Komatipoort Estate to the National Department of Land Affairs, this trading statement excludes the R16 million accrual of interest for the year which, if recognized, would result in eps and heps being between 35% and 55% lower than those of the previous year.



The company's results for the year ending 31 March 2010 are expected to be published on or about 25 May 2010.
23 Dec 2009 12:43:44
(Official Notice)
30 Nov 2009 13:41:53
(Official Notice)
Shareholders are advised that the company has entered into negotiations to purchase a farm in a SADC country which, if which if successfully concluded may have a material effect on the price at which the company's shares trade on the JSE Ltd. Shareholders are advised to exercise caution when dealing in their Crookes shares until a full announcement is made.
30 Nov 2009 13:18:09
(C)
Revenue rose to R180 million (September 2008: R179 million). Operating profit was down to R15 million (September 2008: R43 million). Profit attributable to shareholders fell to R24 million (September 2008: R27 million). EPS declined to 197cps (September 2008: 216.5cps), while HEPS decreased to 68.2cps (September 2008: 216.8cps). Although operating cash flows reflect a significant improvement over the previous corresponding period, with nearly 50% of the company's revenue derived from exports, profits for the first six months have been negatively impacted by the relatively firm Rand.



Dividend

An interim dividend of 45cents (2008: 45cents) per share has been declared payable to shareholders.



Prospects

The board cautions against using interim figures to project full year results, due to the varying seasonality of the diverse crops in the group's portfolio. Given the uncertainty around the timing of the recognition of the sale of the Komatipoort Estate and pricing variability of our crops, it is considered premature to provide a forecast of expected earnings for the year. However, with improved cash flows and the elimination of under performing assets, the group is well poised to take advantage of opportunities arising in the agricultural sector.
07 Sep 2009 15:34:35
(Official Notice)
Shareholders are referred to the SENS announcement which was released on SENS on 17 June 2009 and published in the press on 18 June 2009 wherein it was stated that all resolutions in terms of the Crookes circular dated 28 May 2009, relating to the disposal of farming properties known as the Komatipoort Estate, to the National Government were approved by the requisite majority of Crookes shareholders.



Shareholders are now advised that the National Government has not furnished the requisite undertaking for payment of the purchase price of R200 million to the conveyancers in accordance with the provisions of the agreement of sale and purchase. Crookes has accordingly commenced the appropriate process to enforce their remedies as are available in terms of the agreement of sale and purchase and the law.
27 Jul 2009 15:49:29
(Official Notice)
Shareholders are advised that, at the company's annual general meeting held at 12h00 on Friday, 24 July 2009 the special resolution and all the ordinary resolutions, including a cash distribution of 50,0 cps by way of a capital reduction out of the share premium account, proposed thereat, were approved by the requisite majority of shareholders. Resolution number 3 related to, inter alia, the placing of the unissued shares under the control of the directors was withdrawn by the board of directors prior to the annual general meeting.



The salient dates of the cash distribution are as follows:



Last day to trade cum the distribution - Thursday 6 August 2009

Shares trade ex the distribution - Friday 7 August 2009

Record date - Friday 14 August 2009

Payment date - Monday 17 August 2009
17 Jun 2009 13:55:22
(Official Notice)
Shareholders are referred to the circular to Crookes shareholders dated 28 May 2009 relating to the disposal of farming properties known as the Komatipoort Estate, to the National Department of Land Affairs in accordance with the Land Restitution Programme of the South African Government and are advised that at a general meeting of Crookes shareholders held today, all the resolutions relating to the transaction were approved by the requisite majority of Crookes shareholders.
27 May 2009 13:38:39
(C)
Operating profits increased by 30% to R74.9 million (2008: R57.4 million) and headline earnings by 17% to R44.2 million (2008: R37.8 million). Operating profits include the increase in biological assets of R39.8 million (2008: R14.4 million).



Dividends

The board have decided to make distributions in the form of both a final cash dividend of 68.0c per share in respect of the year ended 31 March 2009 and a cash distribution of 50.0c per share by way of a capital reduction ex the share premium account. The capital reduction is made in terms of a resolution to be approved by shareholders at an annual general meeting to be held on 24 July 2009.



Prospects

Production volumes of all crops are expected to be higher in the 2010 financial year than those achieved in the prior year. Price expectations for the group's crops are generally favourable dependent on Rand performance. The South African RV price of sugar at R2300 per ton, as currently projected by the SA Sugar Association, is some 14% higher than the equivalent price received for the 2008 calendar season, and this drives the higher biological asset valuations in the year under review. The company continues to investigate its options for the long term property development of its coastal land at Renishaw and no firm decisions have been made in this regard. Following its capital realisations the group is well positioned to weather the current financial and economic conditions and is actively considering opportunities for growth investments.
25 May 2009 17:03:22
(Official Notice)
Mr Bruce Darbyshire-Roberts has been appointed as financial director of Crookes with immediate effect.
21 Apr 2009 12:06:13
(Official Notice)
02 Mar 2009 10:42:59
(Official Notice)
Further to the cautionary announcements previously published, the last of which was dated 16 January 2009, shareholders are advised that negotiations referred to therein are still progress. If these negotiations are successfully concluded they may have a material effect on the trading price of the company's securities. Shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
16 Jan 2009 10:08:50
(Official Notice)
Further to the cautionary announcements previously published, the last of which was dated 27 November 2008, shareholders are advised that negotiations referred to therein are still progress. If these negotiations are successfully concluded they may have a material effect on the trading price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company`s securities until a further announcement is made.
26 Nov 2008 17:25:52
(Official Notice)
Fred Palmer, having reached the mandatory retirement age, announced at the 2008 AGM that he would be retiring as chairman and as a member of the board before 31 December 2008. At a board meeting held on 25 November 2008 his retirement was accepted. Fred will retire on 30 November 2008. Mr Guy Wayne will be appointed the new chairman of the board with effect from 1 December 2008.
26 Nov 2008 17:03:36
(C)
Revenue increased to R179.9 million (R148.9 million). Operating profit rose to R42.6 million (R34.3 million). Net attributable profit improved to R26.8 million (R22.6 million). In addition, headline earnings per share grew to 216.8cps (156.9cps).



Dividend

An interim ordinary dividend of 45cps has been declared.



Renewal of cautionary

Further to the cautionary announcements previously published, the last of which was dated 1 October 2008, shareholders are advised that negotiations referred to therein are still in progress. If these negotiations are successfully concluded they may have a material effect on the trading price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.



Prospects

The company is awaiting final approval from the Land Claims Commission for the sale of its Komatipoort farms in terms of the government's land restitution process. The company is continuing to evaluate the possible development of 4 000 hectares of sugar cane in the SADC region and the feasibility of alternative use of its Renishaw estate. With currently indicated crop prices full year headline earnings are now expected to exceed those of last year.
13 Nov 2008 13:35:39
(Official Notice)
Shareholders are advised that, for the six month period ending 30 September 2008, the company's earnings per share are expected to be between 15% and 25% higher and headline earnings per share are expected to be between 35% and 45% higher than the results of the corresponding period last year. The difference is mainly due to improved contributions from:

* sugar cane - improved RV sucrose price partially offset by increases in farming input costs

* bananas - increase in production volumes

* deciduous fruit - a combination of increased volumes as a result of recent acquisitions and higher export prices

* citrus - improved export prices

These results exclude the sale of the company's Doornkop farms to the National Department of Land Affairs for the sum of R48.9 million (excluding all movable farming assets). The effective date of disposal will be the date of registration of transfer of the properties and this is expected during December 2008. A pre-tax capital profit of R29.8 million is expected to be realised from the abovementioned transaction The information in this trading statement has not been reviewed or reported upon by the company's auditors. The company's actual results for the 6 month period ended 30 September 2008 are expected to be published on or about 26 November 2008.
01 Oct 2008 15:46:45
(Official Notice)
Further to the cautionary announcements previously published, the last of which was dated 13 August 2008, shareholders are advised that negotiations referred to therein are still progress. If these negotiations are successfully concluded they may have a material effect on the trading price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
13 Aug 2008 12:17:13
(Official Notice)
Shareholders are advised that negotiations are still progress. If these negotiations are successfully concluded, they may have a material effect on the trading price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a further announcement is made.
25 Jul 2008 12:43:13
(Official Notice)
Crookes released the address speech made by the chairman at the annual general meeting.
25 Jul 2008 12:41:52
(Official Notice)
Shareholders are advised that at the annual general meeting of Crookes held on Thursday, 24 July 2008, all the ordinary resolutions as proposed in the notice of annual general meeting, were passed by the requisite majority of shareholders present and represented by proxy. Shareholders are also advised that the Chairman of the Board of Crookes, Mr Fred Palmer, has stated his intention to retire at the end of the 2008 calendar year.
02 Jul 2008 14:44:03
(Official Notice)
26 Jun 2008 13:24:33
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 March 2008 were posted on Thursday, 26 June 2008 and there were no changes to the audited results which were released on SENS on 21 May 2008.



Notice is hereby given that the AGM will be held in the Athlone Room, Durban Country Club, Walter Gilbert Road, Durban, 4001, on Thursday, 24 July 2008 at 12h00, to transact the business as stated in the Notice of AGM which forms part of the Annual Report for the year ended 31 March 2008.
21 May 2008 16:43:12
(Official Notice)
Shareholders are advised that:

*negotiations are in progress for the sale of the group's farms at Doornkop (1600 hectares under cultivation) and Komatipoort (2450 hectares under cultivation) in terms of the Government's land restitution process; and

*negotiations are in progress for the acquisition of an additional deciduous fruit farm in the Western Cape, this farm presently has 160 hectares under cultivation.

*negotiations are in progress regarding the possible development of 4000 hectares of sugar cane in the SADC region.



If these negotiations are successfully concluded, they may have a material effect on the trading 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.
21 May 2008 16:21:34
(C)
Revenue rose to R246.9 million (R211.7 million) for the year to 31 March 2008. Operating profits increased by 40% to R61.3 million (R43.6 million) and profit for the year attributable to ordinary shareholders jumped to R41.9 million (R27.8 million). Headline earnings per share grew to 305.1cps (222.9cps).



Dividend

A final ordinary dividend of 100cps has been declared.



Outlook

Production volumes of all crops (except grain) are expected to be higher than those achieved in the 2007/08 financial year. At this stage sugar prices are expected to be marginally higher than the previous year. Exceptionally high increases in input prices of fertilizer, fuel and chemicals will have a negative impact on all operations and will reduce the contribution from sugar cane. Other commodity price expectations are relatively strong.



Given the abovementioned factors, it is expected that headline earnings for the year ahead will be similar to those of the 2007/08 financial year. The group has been approached to consider the development of its coastal land at Renishaw, near Scottburgh, into alternative residential, leisure or commercial use. Consultants have been appointed in this regard and at present its utilisation remains for sugar cane.
27 Feb 2008 10:44:12
(Official Notice)
Shareholders are advised that the company?s earnings for the year ending 31 March 2008 are expected to be between 45% and 55% higher and headline earnings are expected to be between 35% and 45% higher than the results of the previous corresponding period. The difference is mainly due to the recent improvement in both world sugar and other commodity prices, also affecting positively on the revaluation of biological assets as at 31 March 2008. The financial information on which this trading statement is based has not been reviewed or reported upon by the company?s auditors. The company?s results for the year ending 31 March 2008 are expected to be published on 22 May 2008.
31 Jul 2006 15:52:48
(Official Notice)
Dudley Crookes will retire as managing director on 31 July 2006 and will remain as a non-executive director with effect from 1 August 2006. Guy Clarke will be appointed managing director of the company with effect from 1 August 2006.
27 Jul 2006 17:27:51
(Official Notice)
27 Jul 2006 09:06:51
(Official Notice)
Shareholders are advised that at the annual general meeting of Crookes held on Tuesday, 25 July 2006, all the resolutions as proposed in the notice of annual general meeting were passed by the requisite majority of shareholders present and represented by proxy.
27 Jun 2006 15:55:07
(Official Notice)
Shareholders are referred to results announcement for the year ended 31 March 2006 published on SENS on Thursday, 25 May 2006. There have been no changes to the results published in that announcement and those contained in the annual financial statements posted to shareholders on Friday, 23 June 2006. The annual general meeting will be held at the Waterman Room, Durban Country Club, Walter Gilbert Road, Durban, 4001, on Tuesday, 25 July 2006 at 12h00.
25 May 2006 15:54:12
(C)
A record cane crop of 618976 tons (2005: 563931 tons ) was further enhanced by improved cane quality. Both the South African Recoverable Value and the Swaziland sucrose prices increased by 7.1% and 7.4% respectively. The group is benefiting from the greatly improved world sugar price which is currently at US17c/lb; this is approximately 100% higher than the equivalent price last year. Citrus yields were 18% higher and fruit quality was exceptionally good, however the citrus industry experienced a disastrous marketing season especially in exports to Japan which resulted in a loss of R1.5 million for the year. Revenue rose to R201 million (R173 million) with operating profit increasing to R42 million (R12 million). Profit after taxation climbed to R27.9 million R5.8 million and the group's headline earnings per share grew to 222.6cps (41.7cps).



Dividend

The directors have declared a final dividend of 85cps in respect of the year ended 31 March 2006.



Prospects

The drought in eastern Mpumalaga which has prevailed for the past three years was finally broken in March 2006 when substantial rains led to the filling of both the Maguga and Driekoppies dams. All restrictions on irrigation have now been lifted and the replanting of all drought damaged cane fields will be completed during the 2006 season. This will result in normal production volumes being achieved in the 2007/08 financial year. There is every indication that earnings for the 2006/07 financial year will show further improvement on the current year's results. Prospects for sugar cane, the most important sector of group operations, look promising and the company will benefit from the greatly improved world sugar price. The outlook for other sectors is expected to be positive in the year ahead.
09 May 2006 13:46:21
(Official Notice)
Shareholders are advised that the company's earnings and headline earnings for the year ending 31 March 2006 are expected to be between 380% and 400% higher than the previous financial year - (Restated for International Financial Reporting Standards)



The company is benefiting from the greatly improved world raw sugar price which is currently at USD18c/lb. This is approximately 100% higher than the equivalent price last year. In terms of the Accounting Statement AC 137 (Agriculture) growing crops are required to be valued at each balance sheet date at their fair value less estimated point-of-sale costs. Fair value is based on estimated yields, quality standards, age and market prices. The higher world sugar price will obviously have a positive effect on the 2006 season's South African RV sucrose price and therefore as a result of the abovementioned Accounting Statement, the company's estimated year-end value of cane growing crops, and operating income, have increased by a further R6 million compared to the previous estimates contained in the Trading Statement dated 23 February 2006. The drought in eastern Mpumalanga which prevailed for the past three years was finally broken in March when substantial rains led to the filling of both the Maguga and Driekoppies dams. All restrictions on irrigation have now been lifted and the replanting of all drought damaged cane fields will be completed during the 2006 season. This will result in normal production volumes being achieved in the 2007/08 financial year.



The company's actual results for the year ending 31 March 2006 are expected to be published on 25 May 2006.
23 Feb 2006 17:28:28
(Official Notice)
The company's earnings and headline earnings for the year ending 31 March 2006 are expected to be between 200% and 220% higher than the previous financial year - (Restated for International Financial Reporting Standards). The company is benefiting from the greatly improved world raw sugar price which is currently at USD18c/lb, this is approximately 100% higher than the equivalent price last year. The higher world sugar price would have a positive effect on the 2006 South African RV Sucrose price and therefore as a result the company's estimated year-end value of cane growing crops, and operating income, have increased by R7.0 million compared to the previous estimates contained in the trading statement dated 30 November 2005. This improvement is despite the ongoing drought conditions in the eastern Mpumalanga area where the company is faced with the need to replant at least 25% of its sugar cane growing area. The company's actual results for the year ending 31 March 2006 are expected to be published on 26 May 2006.
18 Jan 2006 16:07:33
(Official Notice)
The board has announced the appointment of Mr Guy Stanley Clarke as Managing Director of Crookes Brothers, with effect from 1 August 2006, having accepted the position of Managing Director designate from 1 April 2006.
30 Nov 2005 17:36:52
(Official Notice)
As stated in the Interim Report published on SENS on 30 November 2005, the impact of the ongoing drought in the eastern Mpumalanga region and the associated water restrictions have resulted in a 35% reduction in the company's cane yields ( in that region ) during the current season. The drought has continued unabated for three years and the situation is extremely serious, with water restrictions remaining at 15% of normal irrigation quotas per annum. The major dams in the area are extremely low and it will take eight years of average rainfall to fill a dam such as Maguga, which is 12.3% full. Overall volumes of sugar cane, bananas, citrus and deciduous fruit are higher than those for the 2005 financial year. The higher South African RV sucrose and Swaziland sucrose prices have more than offset the lower prices for other products. Shareholders are advised that the company's earnings for the year ending 31 March 2006 are now expected to be between 90% and 110% higher than the previous financial year - (Restated for International Financial Reporting Standards). The information in this trading statement has not been reviewed or reported upon by the company's auditors. The company's actual results for the year ending 31 March 2006 are expected to be published on 26 May 2006.
30 Nov 2005 17:30:45
(C)
Earnings per share, at 73.8c for the six months ended 30 September 2005, are, as indicated in the report given at the Annual General Meeting in July, considerably higher than those for the six months to September 2004, (34.0 cents). Revenue for the period was R113.8 million (R102.7 million -- 04 results being restated in terms of IFRS), operating revenue rose to R14.7 million (R8.5 million) and attributable earnings increased from R4.1 million to R9 million. Major factors contributing to the improved results, bearing in mind that the 2004/05 financial year was the worst year for over 7 years, are:

* Sugar cane - record production together with improved prices have resulted in operating profit increasing by 77%. This is in spite of the effect of on-going water restictions, due to prevailing drought conditions in Mpumalanga where a 35% reduction in yields occurred. Swaziland has enjoyed a record season.

*Bananas - production in Mpumalanga is 27% higher than last year whilst local market prices are marginally lower. This crop is being given preference over sugar cane in respect of the limited water available. The above was partially offset by:

*Citrus - crop yields were 18% higher and fruit quality was exceptionally good, however the citrus industry experienced a disastrous marketing season especially in exports to Japan which resulted in a loss in this division of R4.7m for the period under review.



Prospects

A separate trading statement relating to the group's estimated earnings and headline earnings for the year ending 31 March 2006, has been be published on SENS on 30 November 2005.



Dividend

An interim dividend of 25.0 cps (35.0 cents) has been declared.
29 Jul 2005 16:03:26
(Official Notice)
Shareholders are advised that at the annual general meeting of Crookes held on Thursday, 28 July 2005, all the resolutions as proposed in the notice of annual general meeting, except for resolution 3 relating to the `placing of unissued shares under the control of the directors`, were passed by the requisite majority of shareholders present and represented by proxy.
21 Jun 2005 09:55:28
(Official Notice)
Shareholders are referred to the results announcement for the year ended 31 March 2005 published on SENS on Thursday, 26 May 2005. There have been no changes to the results published in that announcement and those contained in the annual financial statements posted to shareholders on 21 June 2005. The AGM will be held on Thursday, 28 July 2005 at 12h00.
23-Oct-2017
(X)
Crookes Brothers Ltd. is a South African company with agricultural operations in the KwaZulu-Natal, Mpumalanga and Western Cape provinces of South Africa, as well as in Swaziland, Zambia and Mozambique. We specialise in the production of primary agricultural products, including sugar cane, bananas, deciduous fruit and macadamias. The group has also recently embarked on a long-term property development project at Renishaw (Scottburgh, KZN), which will unlock value from what was otherwise sub-optimal agricultural land.


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