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17-Oct-2017
(Official Notice)
The board of directors of the Company announced the appointment of Mr Frantz Scheepers as the new CFO designate, effective 1 November 2017. He will further take over from Mr Elton Bosch and will be appointed as an executive director (and will then formally assume the role as the CFO of the Company), effective 1 January 2018.



Over the next two months, Frantz will act as the CFO designate and will work closely with Elton to ensure a smooth transition.
29-Sep-2017
(Official Notice)
Shareholders are advised that the BEE compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No 46 of 2013, has been published and is available on the Company?s website www.clover.co.za

27-Sep-2017
(Official Notice)
With regard to the audited results for the year ended 30 June 2017, shareholders are advised that the Integrated Annual Report will be available on the company?s website at http://www.clover.co.za/annual-report/2017 from today, 27 September 2017 and that the annual financial statements therein contain no modifications to the audited results which were published on SENS on 12 September 2017.



Notice of the annual general meeting

The annual general meeting will be held on Tuesday, 28 November 2017 at 10h00 in the boardroom of the registered office, Clover Office Park, 200 Constantia Drive, Constantia Kloof, Roodepoort, to transact business as stated in the notice of the annual general meeting.



The notice and proxy of the annual general meeting will be posted to shareholders today, 27 September 2017. The notice and proxy form will also be available on our website, http://www.clover.co.za/agm- and-circulars/2017 today.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - Friday, 15 September 2017

*Last day to trade in order to be eligible to attend and vote at the annual general meeting - Tuesday, 14 November 2017

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - Friday, 17 November 2017

*Forms of proxy for the annual general meeting to be lodged, for administrative purposes, by 10h00 on* Friday, 24 November 2017



*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting prior to your appointed proxy exercising any of your rights at the annual general meeting. Johannesburg
12-Sep-2017
(C)
Revenue for the year increased to R10.1 billion (2016: R9.8 billion), gross profit lowered to R2.7 billion (2016: R2.8 billion) and operating profit decreased to R314.5 million (2016: R564.5 million). Profit for the year attributable to equity holders of the parent fell to R158.3 million (2016: R350.9 million), while headline earnings per share came in at 63.9 cents per share (2016: 188.9 cents per share).



Dividend consideration

During the consideration of the interim dividend for 1H17 the board decided to maintain the interim dividend in line with the prior year's interim dividend and declared a dividend of 24.21 cents per share, although the interim headline earnings were 13.5% lower than the prior interim period's results.



Although the Board communicated in the past that it will follow a progressive dividend policy whereby dividends are as minimum maintained or grown by at least the growth in the headline earnings per share, the Board has resolved not to declare a final dividend due to the current weak economic circumstance and the Group's growth funding requirements. The total dividends for 2016/17 however represent a dividend cover of 2.6 times compared to the 2015/16 dividend cover of 2.9 times.



Company prospects

Consumer confidence remains lacklustre with discretionary spend under pressure. The improved outlook for inflation and recent reduction in interest rates should provide some relief although the prospect of future interest rate cuts is uncertain.



While the after effects of the prolonged drought will be felt for some time, a gradual recovery in milk and fruit production volumes together with the strengthening of the rand to the dollar should result in a reduction in input cost inflation.



We therefore remain optimistic and excited about Clover's future as we have considered and employed measurable strategies that will return the Company's profitability to historic levels over the medium and longer term.
07-Sep-2017
(Official Notice)
26-Jul-2017
(Official Notice)
Mr Elton Ronald Bosch, the company?s Financial Director, has tendered his resignation for personal reasons and in order to pursue other interests.



Mr Bosch?s employment and directorship will continue until 31 December 2017 and he has committed to assist the board during this transitional period to ensure the desired continuity in the business.



Proceedings to appoint a successor and achieve a smooth transition are underway.
07-Jul-2017
(Media Comment)
Business Day highlighted that Clover has wrapped up the restructuring of the company, a move CE Johann Vorster called the most exciting change in the business since the dairy company listed seven years ago. The group announced on Thursday that a board of directors had been constituted for the Dairy Farmers of SA (DFSA) and that milk producers under the new subsidiary had been allotted B shares, which constituted 74% of the voting rights of DFSA. Clover will retain 26% of the voting rights via A shares. Clover said it was optimistic about its new path, which would have a complete focus on the value-added business.
06-Jul-2017
(Official Notice)
31-May-2017
(Official Notice)
29-May-2017
(Official Notice)
28-Apr-2017
(Official Notice)
Shareholders are referred to the:

- cautionary announcement released on the Stock Exchange News Service (?SENS?) on 5 December 2016;

- renewal of cautionary announcement released on the SENS on 20 January 2017;

- renewal of cautionary announcement released on the SENS on 30 January 2017; and

- renewal of cautionary announcement released on the SENS on 13 March 2017.



In the abovementioned announcements shareholders were advised that Clover is in the process of restructuring its business to give effect to its stated objective of developing higher margin, value added products in dairy and other related food categories and to eliminate its exposure to the cyclicality of its low margin business in future (the "Restructure"). Shareholders are advised that the Restructure is ongoing. As previously advised, Clover and the prospective management of DFSA are still in discussions pertaining to the finalisation of appropriate transaction agreements.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a full announcement is made once the transaction agreements have been signed.
24-Apr-2017
(Official Notice)
20-Apr-2017
(Official Notice)
Shareholders are referred to the Company?s unaudited interim financial results for the six months ended 31 December 2016, released on the Stock Exchange News Service (?SENS?) on 1 March 2017 and published in the press on 2 March 2017, in which the Company declared a final Scrip Distribution with the alternative to elect to receive a Cash Dividend of 24.21000 cents per ordinary Clover share.



The ratio applicable to the Scrip Distribution entitlement was announced on SENS on 7 April 2017, being 1.2682 Scrip Distribution share for every 100 ordinary Clover shares held on the Record Date, being Friday, 21 April 2017.



If the application of this ratio gives rise to a fraction of an ordinary Clover share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Clover shares and a cash payment for the fraction (?Rounding Provision?). In accordance with the requirements of the Johannesburg Stock Exchange Limited ("JSE"), the cash payment has been determined with reference to the volume weighted average price ("VWAP") of an ordinary Clover share traded on the JSE on Wednesday, 19 April 2017 (being the first business day after the last day to trade), discounted by 10%.



Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional entitlement is 1546.2 cents (1718 cents, discounted by 10%) or 1236.96 cents, net of applicable dividend withholding tax.
07-Apr-2017
(Official Notice)
29-Mar-2017
(Official Notice)
13-Mar-2017
(Official Notice)
Shareholders are referred to the: -

- cautionary announcement released on the Stock Exchange News Service (?SENS?) on 5 December 2016;

- renewal of cautionary announcement released on the SENS on 20 January 2017; and

- renewal of cautionary announcement released on the SENS on 30 January 2017.



In the abovementioned announcements shareholders were advised that Clover is in the process of restructuring its business to give effect to its stated objective of developing higher margin, value added products in dairy and other related food categories and to eliminate its exposure to the cyclicality of its low margin business in future (the "Restructure"). Shareholders are advised that the Restructure is ongoing.



Pursuant to the approval of the board of Clover, the new entity being Dairy Farmers of South Africa (Pty) Ltd. (?DFSA?) have been formed. Clover and the prospective management of DFSA are currently in discussions pertaining to the finalisation of appropriate transaction agreements. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made once the transaction agreements have been signed.
01-Mar-2017
(C)
Revenue for the interim period increased by 2.1% to R5.129 billion (2015: R5.025 billion), gross profit rose by 4.6% to R1.533 billion (2015: R1.465 billion), operating profit lowered by 5.2% to R322.7 million (2015: R340.3 million), profit for the period fell 9.6% to R197.9 million (2015: R218.9 million), while headline earnings per share weakened by 14.7% to 99.8 cents per share (2015: 117 cents per share).



Dividend

The board has approved and declared an interim dividend for the six months ended 31 December 2016 from retained earnings of 24.21000 cents per share, by way of the issue of fully paid Clover ordinary shares ("Scrip Distribution") or, at the election of the shareholder, a cash dividend alternative, payable to ordinary shareholders ("shareholders") recorded in the register of the Company at the close of business on the Record Date, being Friday, 21 April 2017.



Prospects

The weakened global economy and muted consumer sentiment will have a significant impact on Clover. Above inflationary cost increases will continue to be a challenge and structural changes are required as consumers remain under pressure. Clover strongly believes that the secondary industry in South Africa is too fragmented for a number of reasons. The Group will continue to explore synergistic opportunities to leverage its infrastructure and it is envisaged that significant cost savings may materialise which can be passed on to producers and consumers. Clover will also continue to investigate adjacent revenue streams (new principal income) and will invest further in research and development of new differentiating products either through its in-house facility or in collaboration with industry counterparts.



The Group will seek to maximise its relationship with the trade further by leveraging and growing its extensive investment into IT systems, including through engagements with retailers. The Group will continue to expand its operations within the Botswana, Namibia, Lesotho and Swaziland ("BNLS") region, and will continue to pursue export opportunities in Africa where the currency risks can be mitigated. Despite the lackluster operating environment, Clover remains committed to its medium to long term goals of investing in and growing its value added product portfolio and its infrastructure.
21-Feb-2017
(Official Notice)
Shareholders are referred to the trading update and trading statement released on SENS on 18 January 2017 wherein the Company advised shareholders that it expected:-

- headline earnings and earnings for the six months ended 31 December 2016 (?the period?) to be between 14.6% and 24.6% and between 12.1% and 22.1% lower, respectively, than that reported for the six months ended 31 December 2015 (?the comparative period?);

- headline earnings per share (?HEPS?) for the period to be between 15.7% (18.33 cents) and 25.7% (30.02 cents) lower than HEPS of 116.96 cents reported for the comparative period.

- earnings per share (?EPS?) for the period to be between 13.2% (15.36 cents) and 23.2% (26.96 cents) lower than EPS of 116.07 cents reported for the comparative period.



Shareholders are advised that Clover now expects: -

- headline earnings and earnings for the period to be between 11.0% and 16.0% and between 7.1% and 12.1% lower, respectively, than the comparative period;

- HEPS for the period to be between 12.1% (14.20 cents) and 17.1% (20.05 cents) lower than HEPS of 116.96 cents reported for the comparative period.

- EPS for the period to be between 8.3% (9.60 cents) and 13.3% (15.41 cents) lower than EPS of 116.07 cents reported for the comparative period.



The Company expects to release its interim financial results for the six months ended 31 December 2016 on SENS on or about 01 March 2017.
08-Feb-2017
(Official Notice)
Ms Neo Violet Mokhesi has been appointed as a member of the Audit and Risk Committee and Remuneration Committee of the Company with effect 1 January 2017.





30-Jan-2017
(Official Notice)
20-Jan-2017
(Official Notice)
Shareholders are referred to the cautionary announcement released on the Stock Exchange News Service on 5 December 2016. In that announcement shareholders were advised that Clover is in the process of restructuring its business to give effect to its stated objective of developing higher margin, value added products in dairy and other related food categories and to eliminate its exposure to the cyclicality of its low margin business in future (the "Restructure"). Shareholders are advised that the Restructure is ongoing.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a full announcement is made.
18-Jan-2017
(Official Notice)
11-Jan-2017
(Official Notice)
The board of directors (?Board?) announces the resignation of Mr JNS du Plessis as an independent non-executive director, with immediate effect.



05-Dec-2016
(Official Notice)
29-Nov-2016
(Official Notice)
At Clover?s 6th (sixth) annual general meeting (?AGM?) of shareholders held on Monday, 28 November 2016, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
27-Oct-2016
(Official Notice)
06-Oct-2016
(Official Notice)
22-Sep-2016
(Official Notice)
With regard to the audited results for the year ended 30 June 2016, shareholders are advised that the Integrated Annual Report with summary annual financial statements (?Summary Integrated Report?) will be distributed to shareholders today, 22 September 2016 and contain no modifications to the audited results which were published on SENS on 13 September 2016.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Clover?s shareholders will be held at 200 Constantia Drive, Constantia Kloof on Monday, 28 November 2016 at 10h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meetingFriday, 16 September 2016

*Last day to trade in order to be eligible to attend and vote at the annual general meeting Tuesday, 15 November 2016

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Friday, 18 November 2016

*Forms of proxy for the annual general meeting to be lodged by 10h00 on Friday, 25 November 2016

19-Sep-2016
(Official Notice)
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the following information is disclosed:

*Messrs Tom Wixley and Peter Griffin will retire from the board of directors of the Company with effect from 28 November 2016.

*Mr Wixley has served as a non-executive director since 2007 and was appointed as lead independent director to the board at the time of Clover?s listing in 2010. Subsequent to Mr Wixley?s retirement from the board, Dr Steve Booysen has been appointed as lead independent director with effect from 28 November 2016.

*Mr Griffin is a producer and did not offer himself for re-election following his decision to retire from the board.

*The Company does not anticipate appointing any additional non- executive directors to the board. Subsequent to the retirement of the directors, the board will constitute two executive directors and six non-executive directors, four of whom are deemed independent.

13-Sep-2016
(C)
Revenue for the year increased to R9.819 billion (2015: R9.266 billion). Gross profit rose to R2.793 billion (2015: R2.784 billion) and operating profit climbed to R564.5 million (2015: R509.1 million). Profit attributable to equity holders of the parent was marginally higher at R350.9 million (2015: R350.3 million), while headline earnings per share grew to 188.9 cents per share (2015: 173.6 cents per share).



Dividend

The directors have declared a final gross cash dividend of R77.9 million or 40.94 cents (34.799 cents net of dividend withholding tax) per ordinary share for the year ended 30 June 2016 bringing the total dividend per ordinary share for the year to 65.15 cents (2015: 56 cents).



AGM notice

The Annual General Meeting of the company will be held at 200 Constantia Drive, Constantia Kloof, Roodepoort, 1709 on Monday, 28 November 2016, at 10:00 to transact the business as stated in the Annual General Meeting notice which will be distributed to shareholders on 22 September 2016.



Prospects

Much of the world, including South Africa, has entered into such a precarious era and attempting to make any kind of prediction can be foolhardy. Consumers remain under pressure and discretionary spend will further be affected by rising inflation and resultant interest rate increases. The recent currency volatility and foreign exchange liquidity may also mute potential growth prospects.



A key determining factor for the industry's success would be the rainfall (La Nina) and resultant milk flow in the upcoming spring, hopefully bringing down food and beverage input costs and food price inflation. The industry has been subject to evolving and increasing legislation, and the impact of the recently proposed sugar tax may have far reaching consequences.



Clover will continue to explore local consolidation opportunities to leverage its existing value chain, and continues to invest in new products to grow a portfolio that is not exposed to dairy price fluctuations, either acquisitively or organically. The Company remains focussed on fully utilising its capacities and the asset base that was heavily invested in during the last five years.



Clover's redesigned strategy since listing and management's ability to rapidly adapt to market changes will enable the Company to employ numerous levers to mitigate the major effects of cyclicality in the business.



02-Mar-2016
(C)
01-Feb-2016
(Official Notice)
19-Jan-2016
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:



Dr Christiaan Philippus Lerm (59), the company?s Executive: Brands and Marketing, will retire as an executive director of the company with effect from 30 June 2016.



Dr Lerm joined Clover in 1991 and has held numerous executive positions during his tenure at the company, including Executive: Marketing and Production and as Chief Operating Officer of Clover Beverages Ltd.



Chris has been discussing his early retirement from corporate life since the company?s successful listing in December 2010 and as such his responsibilities will be transferred to a suitable external candidate to be appointed in due course. It is anticipated that this appointment will be at a senior managerial level (below executive level) reporting directly to the Chief Executive.



Dr Lerm's executive directorship position on the Board of Directors of the company will not be filled at this point in time.
30-Nov-2015
(Official Notice)
At Clover?s 5th (fifth) annual general meeting (?AGM?) (since listing on the Johannesburg Stock Exchange in December 2010) of shareholders held on 27 November 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, Computershare South Africa (Pty) Ltd. confirms the voting statistics from the AGM as follows:



Shares voted in relation to the total issued share capital:

*Number of shares voted - 161 508 695

*Total issued share capital - 187 731 138

*Percentage shares voted - 86,03%



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
28-Sep-2015
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:



Louis Jacques Botha, the Company?s Financial Director, has tendered his resignation as an executive director of the Company, with effect from 2 January 2016, for personal reasons and in order to spend more time with his family. Jacques has been with Clover since 2006 when he was appointed as Executive: Corporate Development and played an instrumental role in formulating and establishing Clover?s unique milk procurement system, or CUMPS, which remains an industry leader to this day. In 2007 Jacques was appointed as Clover?s Financial Director.



Jacques also played an instrumental role in negotiations and events that culminated in our successful listing on the JSE on 14 December 2010. Since our listing, Jacques and his team has won the coveted Investment Analyst Society?s award for excellence in reporting for three consecutive years.



The board of directors extends its sincere thanks to Jacques for his valuable contribution to Clover throughout his tenure and wishes him well in his personal endeavours.



Elton Ronald Bosch, currently an Executive in Business Development, Risk - Africa will succeed Jacques as Executive Financial Director, with effect from 2 January 2016.



Prior to joining Clover in June 2012, Elton was a partner at Deloitte. He holds a B.Com (Hons) and CA (SA) qualification, is registered with IRBA and SAICA and was a member of SAICA?s Accounting Practice Committee (APC). Elton gained extensive experience in the private and public sectors, across a broad range of services within the auditing and accounting profession. He has also been extensively involved in Scientific Research at the CSIR, and the Agricultural Research Centre (ARC), on a host of issues confronting the South-African economy, including agricultural reform. He was the regional leader responsible for the Deloitte Risk Advisory division in Pretoria. Having served on the Executive Committee for the past three years, and being responsible for the Integrated Report, he will comfortably step into the position of Financial Director.
28-Sep-2015
(Official Notice)
With regard to the audited results for the year ended 30 June 2015, shareholders are advised that the annual financial statements will be distributed to shareholders on or about 28 September 2015 and contain no modifications to the audited results which were published on SENS on 16 September 2015.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of the Company?s shareholders will be held at 200 Constantia Drive, Constantia Kloof on Friday, 27 November 2015 at 10h00 to transact the business as stated in the annual general meeting notice distributed together with the annual financial statements.



Salient dates

The notice of the Company?s annual general meeting has been sent to its shareholders who were recorded as such in the Company?s securities register on Friday 18 September 2015 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 20 November 2015 being the voting record date used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 13 November 2015. Proxy forms must be lodged by no later than 10h00 on Thursday, 26 November 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
17-Sep-2015
(Media Comment)
Business Report announced that Clover is seeking new markets in Africa and will announce strategic acquisitions in Nigeria, Angola and east Africa totalling R470 million. In addition, Clover also plans to construct a dairy mega-factory near Estcourt in Kwazulu-Natal for R890 million that would boost exports to the rest of Africa and produce dairy products including milk powders and baby foods. The first of its kind factory on the African continent will employ technology that will ensure an efficient process resulting in less wastage and produce dry milk-based lines that can last for up to two years.
16-Sep-2015
(C)
07-Aug-2015
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service (?SENS?) on 6 July 2015 wherein the Company advised that headline earnings per share (?HEPS?) for the year ended 30 June 2015 would be at least 20% or 20,55 cents higher than HEPS of 102.7 cents reported for the year ended 30 June 2014. Similarly it was advised that Earnings per share (?EPS?) for the year ended 30 June 2015 would be at least 20% or 20,46 cents higher than EPS of 102.3 cents reported for the year ended 30 June 2014.



Shareholders are now advised that the Company expects HEPS for the year ended 30 June 2015 to be between 64,2% or 65,9 cents and 74,2% or 76,2 cents higher than the HEPS of 102,7 cents reported for the year ended 30 June 2014. Further, EPS for the year ended 30 June 2015 will be between 81.3% or 83.2 cents and 91.3% or 93.4 cents higher than the EPS of 102,3 cents reported for the year ended 30 June 2014.



The much improved performance can be mostly attributed to selling price increases across most categories albeit with some loss of sales volumes and market share. The gross and operating margins accordingly improved considerably. Additional sales volumes from the new yoghurt and custard products as well as from the recently acquired Nkunzi MilkyWay business contained the overall volume loss, compared with the previous year, to 1,7%.



In addition the recognition in a group subsidiary of a deferred tax asset, not previously allowed, resulted in a significant reduction in the effective tax rate. The aforementioned contributed towards a 5.8% increase in HEPS and EPS respectively over the prior year.



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



The Company expects to release its financial results for the year ended 30 June 2015 on SENS on or about 16 September 2015.
06-Jul-2015
(Official Notice)
Accordingly, shareholders of the Company are advised that Clover expects headline earnings per share (HEPS) for the year ended 30 June 2015 to be at least 20% or 20,55 cents higher than HEPS of 102.7 cents reported in the previous corresponding period, the year ended 30 June 2014. Earnings per share (EPS) for the year ended 30 June 2015 is expected to be at least 20% or 20,46 cents higher than EPS of 102.3 cents reported in the previous corresponding period, the year ended 30 June 2014.



There is currently insufficient certainty to enable the Group to provide specific guidance on the extent of the expected increase in both HEPS end EPS and it is anticipated that Clover will publish a further trading statement closer to the release of its annual financial results on the Stock Exchange News Service, on or about 15 September 2015.



The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company?s external auditors.
29-Apr-2015
(Official Notice)
Clover, a leading branded consumer goods and beverages group operating in South Africa and other selected African countries, announced Competition Commission approval of its acquisition of the business and assets of Nkunzi Milkyway (Pty) Ltd. ("Nkunzi") ("the Acquisition").



The Acquisition will see Clover entering the Ayrshire and Organic milk markets, where it will manufacture and pack fresh milk and cream in addition to other dairy products for Woolworths Holdings Ltd. ("Woolworths") at the acquired Nkunzi facility as well as its Clayville plant in Midrand, Gauteng.



In terms of the Competition Commission?s conditional approval, Clover undertakes not to retrench any employees as a result of the Acquisition. In addition, Clover will invest in production capacity and facility upgrades, which will in part be driven by Woolworths? 2020 growth strategy.



Clover will take over existing Nkunzi supply agreements with producers on the same terms and conditions, or renegotiate supply agreements on an individual basis with producers.



The Acquisition was approved by the Competition Commission on 23 April 2015.
15-Apr-2015
(Official Notice)
Shareholders are advised that the Namibian Stock Exchange (?NSX?) has approved the secondary listing of Clover on the NSX with effect from Wednesday, 22 April 2015 under share code ?CLN?. The Company?s primary listing remains on the main board of the Johannesburg Stock Exchange.



Rationale

Clover Dairy (Namibia) (Pty) Ltd, which was started in 2011 has grown considerably over the years. The company distributes both refrigerated and non-refrigerated dairy and other FMCG products throughout Namibia and currently employs approximately 80 people at the depot situated in Windhoek.
17-Mar-2015
(C)
10-Feb-2015
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service (?SENS?) on 23 December 2014 wherein the company advised that headline earnings per share (?HEPS?) would be more than 30% higher and earnings per share (?EPS?) more than 25% higher than the previous year?s corresponding six month period (the six months ended 31 December 2013).



Shareholders are now advised that the company expects HEPS for the six months ended 31 December 2014 to be between 36% and 46% higher than the first half of the previous financial year at between 105.25 cents per share and 112.98 cents per share (1H14: HEPS 77.3 cents). Further, EPS for the six months ended 31 December 2014 is expected to be between 31% and 41% higher than the first half of the previous financial year at between 114.16 cents per share and 122.86 cents per share (1H14: EPS 87.0 cents).



The Group benefitted from selling price increases across most categories albeit at a loss of sales volumes and market share. Selling prices remained firm throughout the annual peak milk production period as industry inventory levels were being restored following the national shortage of raw milk during the winter of 2014. The gross and operating margins improved as a result.

Revenue for the period under review increased by 11% if the phasing out of raw milk sales at cost to Danone is excluded. This agreement ceased on 31 December 2014. Overall sales volumes declined by 3.3% following the increase of selling prices.



Farm gate milk prices remain high in relation to on-farm costs. This is mainly as a result of the shortage of raw milk supply during the last quarter of the previous financial year and volatility in the raw milk market following Clover?s cessation of milk supply to Danone.



These relatively high prices have resulted in a sharp increase in national milk production during the six month period, peaking at 7% at the end of December 2014. Despite strong growth in national milk supply, high farm gate milk prices are not expected to reduce until after the winter of 2015 as a result of fierce competition for raw milk currently experienced.



Should the growth in national milk production however continue, a general over supply of raw milk may be likely in the spring and summer of 2015.



The company expects to release its interim financial results for the six months ended 31 December 2014 on SENS on or about 17 March 2015.
23-Dec-2014
(Official Notice)
Shareholders of the company are advised that Clover expects headline earnings per share (?HEPS?) for the six months ended 31 December 2014 to be at least 30% or 23.2 cents higher than the corresponding reporting period of the previous year?s HEPS of 77.3 cents. Further, earnings per share (?EPS?) for the six months ended 31 December 2014 are expected to be at least 25% or 21.8 cents higher than the corresponding reporting period of the previous year?s EPS of 87.0 cents.



There is currently insufficient certainty to enable the Group to provide specific guidance on the extent of this impact on HEPS end EPS and it is anticipated that Clover will publish a further trading statement closer to the release of its interim financial results on the Stock Exchange News Service on or about 16 March 2015.
22-Dec-2014
(Official Notice)
Withdrawal of cautionary announcements



Shareholders are referred to the cautionary announcements dated 16 July 2014, 25 August 2014, 7 October 2014 and 18 November 2014 are advised that as negotiations have been terminated, caution is no longer required to be exercised by shareholders when dealing in their securities.
28-Nov-2014
(Official Notice)
At Clover's 4th (fourth) annual general meeting of shareholders held today, 28 November 2014, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
18-Nov-2014
(Official Notice)
Further to the cautionary announcements released on the Stock Exchange News Service on 16 July 2014, 25 August 2014 and 7 October 2014, shareholders are advised that the Company is still in negotiations which, if successfully concluded, may have a material effect on the price of the Company's securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities, until a further announcement is made.

07-Oct-2014
(Official Notice)
Further to the cautionary announcements released on the Stock Exchange News Service on 16 July 2014 and 25 August 2014, shareholders are advised that the Company is still in negotiations which, if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities, until a further announcement is made.

26-Sep-2014
(Official Notice)
With regard to the audited results for the year ended 30 June 2014, shareholders are advised that the annual financial statements will be distributed to shareholders on or about 26 September 2014 and contain no modifications to the audited results which were published on SENS on 16 September 2014.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of the company's shareholders will be held at 200 Constantia Drive, Constantia Kloof on Friday, 28 November 2014 at 10h00 to transact the business as stated in the annual general meeting notice distributed together with the annual financial statements.



Salient dates

The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday 19 September 2014 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 21 November 2014 being the voting record date used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 14 November 2014. Proxy forms must be lodged by no later than 10h00 on Thursday, 27 November 2014. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
16-Sep-2014
(C)
03-Sep-2014
(Official Notice)
Shareholders are referred to the updated trading statement released on the Stock Exchange News Service ("SENS") on 21 August 2014 wherein the company advised that headline earnings per share ("HEPS") for the year ended 30 June 2014 were expected to be between 14.8% and 19.8% lower than the previous year (FY 2013: HEPS 119.9 cents) and that earnings per share ("EPS") for the year ended 30 June 2014 was expected to be between 20.7% and 25.7% lower than the prior year (FY 2013: EPS 133,1 cents).



Shareholders are now advised that the company expects HEPS for the year ended 30 June 2014 to be between 11.8% and 16.8% lower than the previous year (FY 2013: HEPS 119.9 cents). The company's expectations regarding EPS for the year ended 30 June 2014 remain unchanged and as announced in the updated trading statement released on SENS on 21 August 2014.



Major factors that impacted upon the financial performance of the company were highlighted in the trading statement announcements released on SENS on 21 August 2014 and 8 May 2014.



The company expects to release its annual financial results for the year ended 30 June 2014 on SENS on or about 16 September 2014.
25-Aug-2014
(Official Notice)
Further to the cautionary announcement released on the Stock Exchange News Service of the JSE on 16 July 2014, shareholders are advised that the company is still in negotiations which, if successfully concluded, may have a material effect on the price of the company's securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
21-Aug-2014
(Official Notice)
16-Jul-2014
(Official Notice)
Shareholders are advised that the company has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
08-May-2014
(Official Notice)
As all the terms of the Transactions are contained herein, caution is no longer required to be exercised by the Shareholders when dealing in their shares in the Company.
08-May-2014
(Official Notice)
08-May-2014
(Official Notice)
Although Clover is not yet in a position to forecast its financial performance for the year to 30 June 2014 accurately, a number of factors which were highlighted at the time of the interim results have continued to negatively impact sales volumes growth and therefore earnings growth in the current period.



As a result, shareholders are advised that the company expects headline earnings per share ("HEPS") and earnings per share ("EPS") for the year ending 30 June 2014 to be more than 20% lower than the corresponding reporting period of the previous year (the year ended 30 June 2013).



The decreases are attributable to:

* a very constrained trading environment in which the full recovery of raw milk price increases and strong overall inflationary cost pressures, specifically relating to packaging and ingredient costs, will not be achieved;

* the adverse effect of the further selling price increases on sales volumes;

* a decline in principal volumes resulting in lower services rendered fees earned by Clover; and

* Rising inflation which is progressively eroding sales volumes, especially in the non-alcoholic beverages segment.



Clover is reliant on a sustainable milk supply and will continue to actively address any risks to its milk supply which may be detrimental to the long term execution of its strategy, hence the raw milk prices were increased over the past few months. It is important to note that as a result of the lead and lag effect, the increases in raw milk prices will in all probability only be recoverable in the market at a later stage.



Clover has decided to apply a gradual approach to selling price increases that will be more acceptable to consumers and protect Clover's hard fought market shares. In the current challenging environment,

Clover will continue to focus on its longer term strategy of launching new products and platforms, whilst remaining mindful of the expectations of shareholders. Clover will release an updated trading statement confirming ranges for the HEPS and EPS once it has reasonable certainty in this regard.



The board is pleased to announce that negotiations referred to in the cautionary announcements released on the Stock Exchange News Service of the JSE on 5 March 2014 and 16 April 2014 respectively have been concluded and shareholders are advised that a full terms announcement will also be released later today, 8 May 2014.
16-Apr-2014
(Official Notice)
Further to the cautionary announcement released on SENS on 5 March 2014, shareholders are advised that the Company is still in negotiations which, if successfully concluded, may have an effect on the price of the Company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.
17-Mar-2014
(C)
Revenue increased to R4.3 billion (R3 9 billion). Gross profit rose to R1.2 billion (R1 billion). Operating profit improved to R235.1 million (R138.3 million). Net attributable profit surged to R158.7 million (R83.2 million). In addition, headline earnings per share grew by more than 50% to 77.3cps (40.7cps).



Dividend

An gross interim ordinary dividend of 16cps has been declared.



Outlook

South African consumers are confronted with a weak rand, high fuel prices, rising interest rates and high food inflation. This environment does not bode well for sales volumes during the remainder of the year. In addition Clover addressed the substantial costs pressures on raw milk prices and increased its farm gate milk prices by 5.3% from 1 February 2014 and a further 8.9% from 1 March 2014. These increases will be recovered through further selling price increases which will put additional strain on sales volumes.



The results for the first half of the 2012/13 financial year were negatively influenced by a number of factors which led to the strong growth in earnings for this reporting period. The second half of the current financial year will not benefit from a similar low base and together with the depressed trading environment, Clover believes that earnings growth will be difficult to achieve during the second half of the year.



In spite of this, the company remains focused on delivering on its longer term strategy of exploring new possibilities in category expansions and expanding its presence in Africa.
14-Mar-2014
(Official Notice)
Peter Ronald Griffin has been appointed as a non-executive director to the board of the company with effect from 13 March 2014.
05-Mar-2014
(Official Notice)
Shareholders are advised that the company has entered into negotiations which, if successfully concluded, may have an effect on the price of the company's securities.



Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
04-Mar-2014
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:

Dr J C Hendriks has retired as a non-executive director from the board of the company with effect from 13 March 2014.
07-Feb-2014
(Official Notice)
Shareholders are referred to the announcement released on the SENS on 17 December 2013 wherein the Company advised that headline earnings per share (HEPS) and earnings per share (EPS) for the six months ended 31 December 2013 were expected to be at least 20% higher than the corresponding reporting period of the previous year.



Shareholders are now advised that the Company expects HEPS for the six months ended 31 December 2013 to be between 82% and 92% higher than the corresponding reporting period of the previous year (H1 2013: HEPS 40.7 cents). Further, EPS for the six months ended 31 December 2013 are also expected to be between 80% and 90% higher than the corresponding reporting period of the previous year (H1 2012: EPS 46.4 cents).



The increases are attributable to:-

*the non-recurring marketing investments in new product launches made during the first half of 2013;

*the implementation of selling price increases to the market in January 2013 and again early in the current reporting period;

*reduced promotional activities following the selling price increases;

*the positive contribution of project Cielo Blu;

*various cost saving initiatives; and

*exchange rate profits made by certain African subsidiaries due to the weakening of the Rand.



Shareholders are cautioned that Clover does not expect this level of earnings improvement to continue into the second half of the 2013/14 financial year due to:

*strong overall inflationary cost pressure specifically relating to raw milk, packaging and fuel costs; and

*the negative impact of the high inflationary environment on consumers.



It is anticipated that Clover will release its interim results on SENS on or about 17 March 2014. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company?s external auditors.

17-Dec-2013
(Official Notice)
Shareholders of the company are advised that, Clover expects headline earnings per share and earnings per share for the six months ended 31 December 2013 to be at least 20% higher than the corresponding reporting period of the previous year.



The abovementioned is mainly attributable to the non-recurrence of significant marketing investment in new product launches which occurred during the corresponding reporting period of the previous year and the higher selling prices achieved during the current reporting period.



However, due to the group's performance for the six months ended 31 December 2013 being highly dependent on the festive season , the company cannot with reasonable certainty, quantify the extent of its results for the for the six months ended 31 December 2013 within the 20% range required by the Listings Requirements.



A further trading statement for the six months ended 31 December 2013 will be issued later once more certainty exists.
03-Dec-2013
(Official Notice)
Clover announced the launch of a non-capital raising sponsored Level 1 American Depositary Receipt (ADR) Programme effective 3 December 2013. The Bank of New York has been appointed as the depositary bank for the ADR Programme.
27-Nov-2013
(Official Notice)
Clover shareholders are advised that, at the Annual General Meeting of members held on Tuesday, 26 November 2013 ("AGM"), all the ordinary and special resolutions as proposed in the Notice of the AGM were approved by the requisite majority of members.



Changes to the board

Shareholders are advised of the following changes to the board:

*Ms B Ngonyama and Ms N.V Mokhesi were appointed by the shareholders at the AGM as independent non-executive directors with immediate effect.
27-Sep-2013
(Official Notice)
With regard to the audited results for the year ended 30 June 2013, shareholders are advised that a summarised version of the Clover Integrated Report for the year ended 30 June 2013 will be distributed to shareholders on Friday, 27 September 2013 and contain no modifications to the audited results which were published on SENS on Tuesday, 17 September 2013. Please note that the Clover Integrated Report for the year ended 30 June 2013 containing the full Annual Financial Statements can be found on the Company's website www.clover.co.za .



Notice of the Annual General Meeting

The Annual General Meeting of the Company will be held at 200 Constantia Drive, Constantia Kloof, Roodepoort, 1709 on Tuesday, 26 November 2013, at 10:00 to transact the business as stated in the Annual General Meeting notice which will be distributed to shareholders on Friday, 27 September 2013.

*Record date to determine which shareholders are 20 September 2013 entitled to receive the notice of Annual General Meeting

*Last day to trade in order to be eligible to attend 8 November 2013 and vote at the Annual General Meeting

*Record date to determine which shareholders are 15 November 2013 entitled to attend and vote at the Annual General Meeting

*Forms of proxy for the Annual General Meeting to be lodged by 10:00 on* 25 November 2013



*Any proxies not lodged by this time must be handed to the Chairperson of the Annual General Meeting immediately prior to the Annual General Meeting.
18-Sep-2013
(Media Comment)
Business Day reported that Clover will embark on an African expansion plan that will see the dairy heavyweight develop facilities in Nigeria, Mozambique, and Angola. Although limited opportunities exist in most African countries for Clover's fresh product range due to the lack of refrigeration and poor infrastructure, the company has a number of ambient or long-life products in its portfolio. Clover CE Johann Vorster said that although the group's export distribution model was gaining momentum in Africa, larger infrastructure development was identified as a key driver for long term substantiality.
18-Sep-2013
(Official Notice)
Shareholders were advised that Clover has decided not to renew a number of the supply and service agreements currently in place between Clover and Danone Southern Africa (Pty) Ltd. ("Danone S.A.") under the current terms and conditions after the majority of the contracts ends in December 2014.



Clover currently provides a range of services for Danone S.A. relating to yoghurt and other fermented products, including raw milk and other raw material procurement, manufacturing and packaging of custard, sales and merchandising services as well as distribution and certain IT services.



The company is of the view that the decision not to extend the contracts in its current form is unlikely to have a materially negative impact on Clover's earnings potential in the medium to long-term as Clover will be freed from certain legacy restrictions which came about due to historical reasons which will enable Clover to pursue opportunities, including new products development, as well as further principal distribution prospects.
17-Sep-2013
(C)
16-Aug-2013
(Official Notice)
Clover is currently finalising its results for the financial year ended 30 June 2013, which are expected to be released on SENS on or about Tuesday, 17 September 2013. In this regard, shareholders are referred to the unaudited interim results published on 12 March 2013 for the six months ended 31 December 2012 that was impacted by a number of factors, that includes investments in new products and platforms, as well as increases in other fixed costs, and costs associated with labour related disruptions. The combination of these factors resulted in headline earnings per share ("HEPS") and earnings per share ("EPS") being 33.5% and 23.2% lower than the corresponding prior period respectively.



During the second half of the financial year, revenue growth and the successful implementation of a number of measures across the Group delivered positive results. As a result, shareholders are advised that the Group now expects:

* HEPS to be between 0% and 5% higher than the 116 cents for the previous year ended 30 June 2012; and

* EPS to be between 10% and 20% higher than the 114.6 cents for the prior year ended 30 June 2012.



The aforementioned improvement is largely attributable to the following:

* the implementation of selling price increases to the market during January 2013;

* reduced promotional activities following the selling price increases;

* cost saving initiatives; and

* exchange rate profits made by certain African subsidiaries due to the weakening of the Rand.
14-Aug-2013
(Official Notice)
Mr N P Mageza will retire as an independent non-executive director from the board of Clover with effect from 26 November 2013.
26-Jun-2013
(Official Notice)
Martin Geoff Elliott will retire as a non-executive director from the board of Clover with effect from 26 November 2013.
12-Jun-2013
(Media Comment)
According to Business Day Clover won the Investment Analysts Society Award for best presentation to the society by a company with a market cap below R5 billion. CE Johann Vorster emphasized Clover's commitment to transparency, good investor relations and excellence in corporate reporting was inseparably linked to its iconic brand status. Mr Vorster added that Clover were immensely proud of the recognition by the IAS, as it was a benchmark for investor relations endeavours and encouraged development and growth in corporate reporting and disclosure from this solid base.
24-May-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on 1 March 2013, advising that Clover S.A. (Pty) Ltd. ("Clover SA") and Nestl? South Africa had formed a new entity, Clover Waters (Pty) Ltd. ("Clover Waters") ("the transaction"). Shareholders are advised that all outstanding conditions precedent to the transaction have been fulfilled and that the effective date of the transaction will be 1 August 2013. Upon implementation of the transaction, Clover Waters will acquire Nestl? South Africa's Doornkloof property in Gauteng, the bottled water manufacturing facility and its water rights.



Moreover, Clover Waters will acquire the right, by way of license, to manufacture, distribute, market and sell bottled mineral water, under Nestl?'s Pure Life?, Valvita? and Schoonspruit? brands, as well as iced tea under the Nestea brand. These brands will complement Clover SA's Aquartz bottled water and Manhattan iced tea brands which will also be manufactured, distributed, marketed and sold by Clover Waters.
16-May-2013
(Official Notice)
Shareholders referred to the announcement released on the Stock Exchange News Service on Monday, 13 May 2013 ("the announcement") regarding the company's obligation in terms of its Memorandum of Incorporation ("MOI") to redeem all of the 89 442 022 Preference Shares in issue and listed on the main board of the exchange operated by the JSE Ltd. on 3 June 2013 by way of a cash payment in accordance with the provisions of the MOI ("Redemption").



Shareholders were advised that the announcement erroneously stated, under the heading Dividend Declaration, that "The Preference Dividend has been declared from income reserves and STC credits have been, or will be, used in paying the Preference Dividend."



In fact, the statement ought to have read that "The preference dividend has been declared from income reserves and no secondary tax on companies' credits have been used in paying the Preference Dividend."
13-May-2013
(Official Notice)
10-May-2013
(Official Notice)
20-Mar-2013
(Media Comment)
According to Business Day Clover's Cielo Blu project was on track and the company was fully confident of achieving the projected benefits. The primary capital project was started when the company listed in 2010 and had the cash to tackle logical and distribution inefficiencies in its business by investing in the expansion and relocation of its infrastructure. Mr Roode said that more importantly, Clover had stuck to the budget and timeline. The Cielo Blu would kick in at the end of this calendar year, the full benefit will be R99 million.
19-Mar-2013
(Official Notice)
Shareholders of Clover were advised that the company's management hosted an investor and analyst site visit at its UHT milk production facility in Port Elizabeth today ("site visit").



During the site visit, information pertaining to the implementation of Project Cielo Blu was presented to attendees, which information was substantially the same as that presented at the Merrill Lynch Mid Cap Day presentation held at Sun City on 15 March 2013 and at previous presentations.



These presentations are available on the company's website at www.clover.co.za/interim-results and www.clover.co.za/presentations.
12-Mar-2013
(C)
06-Mar-2013
(Official Notice)
Notice is given that a gross preference dividend has been declared, at a rate of 99% of the average prime rate, for the quarter ending 31 March 2013, payable in South African currency, on 2 April 2013 and amounts to 6.01730 cents per preference share. The dividend has been declared from income reserves and no secondary tax on companies' credits has been used.



A dividend withholding tax of 15% will be applicable to all shareholders who are not exempt. The dividend net of dividend withholding tax thus amounts to 5.11471 cents per preference share. The issued share capital at the declaration date is 89 442 022 preference shares.



The salient dates for the dividend will be as follows:

* Last day to trade "cum" the preference share dividend on Wednesday, 20 March 2013

* Shares commence trading "ex" the preference share dividend on Friday, 22 March 2013

* Record date on Thursday, 28 March 2013

* Payment date on Tuesday, 2 April 2013



Share certificates may not be dematerialised or rematerialised between Friday, 22 March 2013 and Thursday, 28 March 2013, both days inclusive.
01-Mar-2013
(Official Notice)
Clover announced the acquisition of Nestl? South Africas Gauteng based Doornkloof property, bottled water manufacturing facility and water rights through a new entity formed by Clover S.A. (Pty) Ltd. (Clover SA) and Nestl?, called Clover Waters (Pty) Ltd. (Clover Waters) (the transaction). As a result of the transactions, Clover Waters will also obtain the right, by way of licence, to manufacture, distribute, market and sell bottled mineral water under Nestl?s Pure Life, Valvita and Schoonspruit brands as well as ice tea under the Nestea brand. These brands will complement Clover SAs Aquartz bottled water and Manhattan ice tea brands which will also be manufactured, distributed, marketed and sold by Clover Waters.



The transaction is subject to the fulfillment of various conditions, including Competition Commission approval. Once approved, the purchase consideration of R58 million will be settled through the issue of 30% of the shares in Clover Waters to Nestl?. Post-transaction, Clover SA will hold 70% of Clover Waters and Nestl? 30%. Clover and Nestl? believe that the transaction will unlock growth and shareholder value by providing a broader platform to grow their position in the supply of bottled mineral water and ice tea. The synergies will result in greater efficiencies and a more effective utilisation of resources. In addition, leveraging Clovers extensive distribution network will improve the route-to-market for Nestl? Pure Life and Nestea products and increase market penetration of these brands.



The combined entity created by this transaction will provide Clover with great opportunities across a broader range of complementary products. In addition, it also allows us to realise significant economies of scale by combining operations and leveraging off Clovers extensive distribution network to further entrench the water and ice tea brands nationally. For a local African player such as Clover to be entrusted with global brands including Nestl? Pure Life and Nestea is an accolade that we are very proud of. Nestl? has been in the bottled water business in South Africa for 14 years and Clover Waters will ensure the continued growth of the Nestl? Waters brands and will re-launch the Nestea brand in South Africa.
01-Feb-2013
(Official Notice)
Shareholders of the Company are advised that, Clover expects headline earnings per share ("HEPS") for the six months ended 31 December 2012 to be between 29% and 34% lower than the corresponding reporting period of the previous year (H1 2012: HEPS 61.2 cents). Further, earnings per share ("EPS") for the six months ended 31 December 2012 are expected to be between 19% and 24% lower than the corresponding reporting period of the previous year (H1 2012: EPS 60.4 cents).



Although revenue increased by 11% compared to the previous comparative period, the growth achieved was not sufficient to compensate for the additional costs (marketing, sales and other fixed costs) incurred in relation to the launch of new products and platforms across the business. These investments include some major market innovations that will serve Clover well into the future (Prisma Pack for UHT milk and Tropika, Tetra top for Danao, as well as 30 days Ultra Pasteurised milk and 18 days Extended Shelf life fresh milk).



The results were further impacted by isolated industrial actions, substantial fuel price increases and the under supply of UHT milk to the market as a result of complications experienced during a) the conversion of existing UHT equipment for the new Prisma pack, and b) the importation of UHT milk to facilitate the Prisma conversion. Notwithstanding the above, Clover continued to achieve market share and volume growth in most of its key product categories. Project Cielo Blu remains on track and the Company is in the process of implementing planned price increases to the trade.



Clover has also secured two new Principals during the period, which will further enable a reduction in its supply chain costs. The principals are Enterprise Foods (with effect from 1 June 2013) and Red Bull's top end sales and merchandising services from 1 March 2013. The Company is of the view that the factors leading to the weaker earnings during this period do not negatively affect the strategic direction or value proposition of Clover. The Group expects to release its interim results for the six months ended 31 December 2012 on or about 12 March 2013 and a further update may be provided closer to the time if deemed necessary by the Company.
03-Dec-2012
(Official Notice)
Clover announced the appointment of Mr WI B?chner as non-executive chairman of the group, with effect from 30 November 2012.
03-Dec-2012
(Official Notice)
Notice is given that a gross preference dividend has been declared, at a rate of 99% of the average prime rate, for the period ending 31 December 2012, payable in South African currency, on 31 December 2012 and amounts to 6.08416 cents per preference share.



The salient dates for the dividend will be as follows:

* Last day to trade "cum" the preference share dividend on Wednesday, 19 December 2012

* Shares commence trading "ex" the preference share dividend on Thursday, 20 December 2012

* Record date on Friday, 28 December 2012

* Payment date on Monday, 31 December 2012.
30-Nov-2012
(Official Notice)
Clover Industries Ltd. shareholders were advised that at the Annual General Meeting of members held on Friday, 30 November 2012, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting were approved by the requisite majority of members.



Clover's Nomination Committee has made a recommendation to the board with regards to the new Chairman and the board will be voting on the Chairman's appointment as soon as possible.
01-Oct-2012
(Official Notice)
The following directors will retire, with effect from 30 November 2012 (which is the date of Clover's annual general meeting):

* John Allan Hutchinson Bredin (non-executive chairman)

* Hercules Petrus Fredrik Du Preez (non-executive director)



Shareholders are further advised that Hermanus Bernardus Roode will retire as an executive director on 30 June 2013.
20-Sep-2012
(Official Notice)
Shareholders are advised that the annual financial statements (also known as the integrated annual report) of the company will be distributed to shareholders on Friday, 21 September 2012.



Notice of the annual general meeting

* The annual general meeting of the company will be held at 200 Constantia Drive, Constantia Kloof, Roodepoort, 1709 on Friday, 30 November 2012, at 09:00 to transact the business as stated in the Annual General Meeting notice which will be distributed to shareholders on 21 September 2012.

* Record date to determine which shareholders are entitled to receive the notice of annual general meeting on 14 September 2012

* Last day to trade in order to be eligible to attend and vote at the annual general meeting on 16 November 2012

* Record date to determine which shareholders are entitled to attend and vote at the annual general meeting on 23 November 2012

* Forms of proxy for the annual general meeting to be lodged by 09:00 on 29 November 2012.
12-Sep-2012
(Media Comment)
Business Day reported that dairy products company Clover, although concentrating on its activities in SA, still has an eye on opportunities in Africa. CEO Johann Vorster says the company is excited about opportunities in Africa, and it is on the lookout for sites for its own production facilities in Nigeria.
11-Sep-2012
(C)
Revenue increased to R7.2 billion (R6.5 billion). Gross profit rose to R2 billion (R1.7 billion) and operating profit improved to R371.2 million (R319 million). Net attributable profit was higher at R205.3 million (R179.6 million). In addition, headline earnings per share grew to 116c (113.8cps).



Dividend

A final ordinary dividend of 13.40cps has been declared.



Annual general meeting

The annual general meeting of the company will be held at 200 Constantia Drive, Constantia Kloof, Roodepoort, 1709 on Friday, 30 November 2012, at 09:00 to transact the business as stated in the annual general meeting notice which will be distributed to shareholders on 21 September 2012.



Outlook

The global economy is set to remain uncertain in the year ahead and Clover is bracing itself for another difficult year economically in South Africa. In spite of this, Clover is confident that the continued implementation of Project Cielo Blu, ongoing cost-savings drives and other margin-enhancing projects approved by the board will ensure Clover retains a healthy market share and strong balance sheet.
07-Sep-2012
(Official Notice)
Hermanus Bernardus Roode has resigned as company secretary of Clover with effect from 1 October 2012. He will however retain his position as an executive director of the board of directors of Clover. Jacques van Heerden has been appointed as company secretary of Clover with effect from 1 October 2012.
05-Sep-2012
(Official Notice)
Shareholders are referred to the SENS announcement dated 31 May 2012, informing the market that Clover SA (Pty) Ltd. (a wholly owned subsidiary of the Company) has entered into an agreement in terms of which Clover will acquire 100% of the equity in and shareholders' loans against The Real Juice Co Holdings (Pty) Ltd. ("RJC") from AVI Ltd. for a purchase consideration of R60 million ("the transaction").



Shareholders are informed that all outstanding conditions precedent have been fulfilled and that accordingly the effective date for the transaction will be 1 October 2012.
05-Sep-2012
(Official Notice)
Notice is hereby given that a gross preference dividend has been declared, at a rate of 99% of the average prime rate, for the period ending 30 September 2012, payable in South African currency, on 1 October 2012 and amounts to 6.16675 cents per preference share. The dividend has been declared from income reserves and no secondary tax on companies' credits has been used.



A dividend withholding tax of 15% will be applicable to all shareholders who are not exempt. The dividend net of dividend withholding tax thus amounts to 5.24174 cents per preference share. The issued share capital at the declaration date is 89 442 022 preference shares. The salient dates for the dividend will be as follows:

*Last day to trade "cum" the preference share dividend -- Thursday, 20 September 2012

*Shares commence trading "ex" the preference share dividend -- Friday, 21 September 2012

*Record date on Friday, 28 September 2012

*Payment date on Monday, 1 October 2012



Share certificates may not be dematerialised or rematerialised between Friday, 21 September 2012 and Friday, 28 September 2012, both days inclusive.
23-Jul-2012
(Official Notice)
Clover successfully completed wage negotiations, settling on a 8.5% wage increase and a minimum payroll increase of R360 per month (representing a total 10.5% average increase for the lowest paid worker). The industrial actions lead by the Food - Allied Workers Union (FAWU) resulted in disruptions that affected the processing of raw milk and availability of some products mainly in Gauteng and Kwa- Zulu Natal. Clover is working through the backlog to ensure the restocking of these products is completed soonest.
12-Jun-2012
(Official Notice)
Shareholders are referred to the dividend declaration released on SENS on 8 June 2012, wherein it was advised that the memorandum of incorporation of the company was amended (by way of special resolutions) to gross up the preference dividend rate, from 90% of the average prime rate, to 99% of the average prime rate. This dividend was declared at a rate of 99% of the average prime rate, subject to the related special resolutions being registered with the Companies and Intellectual Property Commission ("CIPC") by no later than 15 June 2012. Shareholders are advised that the related special resolutions have been registered with CIPC, and accordingly the final dividend payable on 2 July 2012 remains the same as was declared on 8 June 2012. The salient dates are as follows:

* Last day to trade "cum" the preference share dividend : Friday, 22 June 2012

* Shares commence trading "ex" the preference share dividend : Monday, 25 June 2012

* Record date on : Friday, 29 June 2012

* Payment date on : Monday, 2 July 2012.
08-Jun-2012
(Official Notice)
Notice was given that, subject to the condition precedent set out below, a gross preference dividend has been declared, at a rate of 99% of the average prime rate, for the period ending 29 June 2012, payable in South African currency, on 2 July 2012 and amounts to 6.44 cents per preference share. The dividend has been declared from income reserves and no secondary tax on companies' credits has been used. A dividend withholding tax of 15% will be applicable to all shareholders who are not exempt. The dividend net of dividend withholding tax thus amounts to 5.474 cents per preference share. The issued share capital at the declaration date is 179 111 867 ordinary shares and 89 442 022 preference shares. The salient dates for the dividend will be as follows:

*Finalisation date -- Friday, 15 June 2012

*Last day to trade "cum" the preference share dividend -- Friday, 22 June 2012

*Shares commence trading "ex" the preference share dividend -- Monday, 25 June 2012

*Record date on Friday, 29 June 2012

*Payment date on Monday, 2 July 2012



Share certificates may not be dematerialised or rematerialised between 25 June 2012 and 29 June 2012, both days inclusive. With reference to the general meetings of the company, held yesterday, 7 June 2012, it was resolved, that the memorandum of incorporation ("MOI") of the Company be amended to gross up the preference dividend rate, to 99% of the average prime rate. It is expected that the special resolutions relating to the above will be registered with the Companies and Intellectual Property Commission ("CIPC") on or before 15 June 2012. Accordingly, the above dividend declaration is subject to this condition precedent. If the special resolution is not registered by 15 June 2012, then the change to the MOI is considered not effective and the old rate of 90% of the average prime rate would apply to the dividend. On the finalisation date, an announcement will be made confirming the status of the registration of the special resolutions with CIPC and the final dividend amount.
07-Jun-2012
(Official Notice)
At the combined general meeting of the ordinary and preference shareholders of the company held on 7 June 2012, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. At the separate meeting of the preference shareholders of the company held on 7 June 2012, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolutions will be lodged for registration with the Companies and Intellectual Property Commission in due course.
05-Jun-2012
(Official Notice)
Clover and Eqstra Flexifleet have decided to renew their existing Outsourcing Service Agreement ("agreement") for a substantial period of time. Clover has indicated its desire to reduce costs in the supply chain in order to provide more affordable products to its consumers, and this extended Agreement will enable both parties to benefit from these increased volumes over time. Eqstra Flexifleet has played a significant part in reducing Clover's supply chain costs, and has bought into Clover's long term vision of sustainable growth through affordable products. It is believed that the transaction will hold medium to long term benefits for both parties, however Clover will see some early financial benefits which it will use to curtail selling price increases by ploughing back some cost savings into its selling prices.
31-May-2012
(Official Notice)
The company's shareholders are advised that Clover S.A. (Pty) Ltd. (a wholly owned subsidiary of the Company) ("Clover S.A.") has entered into an agreement in terms of which Clover S.A. will acquire from AVI Ltd. 100% of the equity in and shareholders' loans against The Real Juice Co Holdings (Pty) Ltd. ("RJC") for a purchase consideration of R60 million. Currently RJC is a leading producer of fresh fruit juices, nectars and concentrates sold under the Quali and Real Juice brands in the Eastern, Western and Northern Cape.
10-May-2012
(Official Notice)
Preference shareholders of Clover are referred to the announcement to all shareholders of Clover released on SENS on 10 May 2012, in which all shareholders of Clover were advised of a combined general meeting of the ordinary and preference shareholders of Clover (such meeting, the "combined meeting"). Notice was given that a separate meeting of Preference Shareholders of Clover ("Preference Shareholder Meeting") will be held at 10:30 (or as soon as possible after the adjournment of the Combined Meeting) on Thursday, 7 June 2012 at the registered office of Clover, 200 Constantia Drive, Constantia Kloof, 1709, South Africa, to transact the business as stated in the notice of the Preference Shareholder Meeting to be posted to Preference Shareholders today, 10 May 2012. The purpose of the Preference Shareholder Meeting is to approve amendments to the terms attaching to the preference shares contained in the company's Memorandum of Incorporation, relating mainly to a change in the preference dividend rate. Preference shareholders are referred to the announcement released by Clover on SENS on 8 May 2012 for more information on these changes.

* Preference Shareholder Meeting to be held at 10:30 on Thursday, 7 June 2012.
10-May-2012
(Official Notice)
Notice was given that a combined general meeting ("combined meeting") of ordinary shareholders and preference shareholders (all such shareholders, the "shareholders") of Clover will be held at 10:00 on Thursday, 7 June 2012 at the registered office of Clover, 200 Constantia Drive, Constantia Kloof, 1709, South Africa, to transact the business as stated in the notice of the combined meeting to be posted to shareholders on 10 May 2012. The purpose of the combined meeting is to approve amendments to the terms attaching to the preference shares contained in the company's Memorandum of Incorporation, relating mainly to a change in the preference dividend rate. Shareholders are referred to the announcement released by Clover on SENS on 8 May 2012 for more information on these changes.

* Combined meeting to be held at 10:00 on Thursday, 7 June.
08-May-2012
(Official Notice)
25-Apr-2012
(Official Notice)
Clover announced the appointment of Elton Bosch to the Clover SA (Pty) Ltd. ("Clover SA") executive committee with effect from 1 June 2012. Mr Bosch's portfolio will include business development, Africa and risk management. He will also serve as a director on the board of Clover SA.
13-Mar-2012
(Official Notice)
Further to the Clover press release announcement released on SENS at 07.16 today, shareholders are advised that with reference to the highlight section, "Headline earnings per share" was erroneously referred to in the third bullet point. It should have read "Headline earnings".
13-Mar-2012
(C)
08-Mar-2012
(Official Notice)
Notice was given that a preference dividend has been declared for the quarter ended 31 March 2012, payable in South African currency, on 2 April 2012 and amounts to 5.86 cents per share.



The salient dates will be as follows:

* Last day to trade "cum" the preference share dividend on Friday, 23 March 2012

* Shares commence trading "ex" the preference share dividend on Monday, 26 March 2012

* Record date on Friday, 30 March 2012

* Payment date on Monday, 2 April 2012.
07-Dec-2011
(Official Notice)
Notice was given that a preference dividend has been declared for the quarter ended 30 December 2011, payable in South African currency, on 3 January 2012 and amounts to 5.86 cents per share.



The salient dates will be as follows:

* Last day to trade "cum" the preference share dividend: Thursday, 22 December 2011

* Shares commence trading "ex" the preference share dividend: Friday, 23 December 2011

* Record date on Friday, 30 December 2011

* Payment date on Tuesday, 3 January 2012.
02-Dec-2011
(Official Notice)
Clover shareholders are advised that the Group's milk producers will receive an average price rise of 19,5c per litre, effective from 1 January 2012 and a further increase of 22c per litre with effect from 1 February 2012. The 1 January 2012 increase varies per region with the average being 19,5c for all milk producers. The 1 February 2012 increase of 22c will be the same for all regions. These increases will represent 6,5% and 6,9% increases on average respectively.



This upward adjustment recognises the much higher input costs experienced throughout the supply chain. The oversupply of milk during autumn and early winter in certain regions together with the normal seasonal oversupply of milk during spring and early summer led to lagging competitor selling prices. As a result, increases to milk producers and consequential selling price increases could not be implemented earlier. Despite these increases a milk supply shortage during the autumn and winter 2012 season may occur. The increased raw milk costs will be recovered through selling price increases.
10-Nov-2011
(Official Notice)
At the 2011 annual general meeting of the shareholders of Clover Industries Ltd held today, 10 November 2011, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
03-Oct-2011
(Official Notice)
It came to the attention of the company that the diluted earnings per share as disclosed in the interim financial statements for the period ending 31 December 2010 was incorrectly calculated. The diluted earnings and diluted headline earnings per share did not take into consideration the dilutive effect of the Share Appreciation Rights Plan ("SARs Plan"). The weighted average number of shares used in the calculation of diluted earnings and diluted headline earnings per shares should have been 139 703 240 ordinary shares instead of 129 064 377 ordinary shares, taking into consideration the potential dilutive effect of the SARs Plan of 10 638 863 ordinary shares. Taking the above dilutive effect into consideration the diluted earnings and diluted headline earnings per share for the six months ended 31 December 2010 should have been as 69.2cps and 67.3cps for total and continued operations, respectively.
20-Sep-2011
(Media Comment)
According to Business Report, Clover has increased its milk quota to farmers for the financial year by 50 million litres in order to boost production, and manage rising costs better. Clover chief executive Johann Vorster commented that "the biggest weapon against inflation is volume growth. We have handed out 50 million litres more to producers and we expect our milk to increase to 680 million litres from July this year to June next year." If this materialises then the JSE-listed dairy and beverage producer would be better able to absorb higher fixed costs, Vorster commented, adding that the company's strategy was to grow market share rather than pass on costs.
19-Sep-2011
(Official Notice)
Shareholders of Clover are advised that on Monday, 19 September 2011, management delivered a presentation on the company's financial results for the year ended 30 June 2011 and that the presentation is available on the Clover website, www.clover.co.za.
19-Sep-2011
(C)
Revenue amounted to R6.5 billion for Clover's maiden final results as a listed company. Operating profit was R319 million and net attributable income came in at R179.6 million. In addition, headline earnings per share from continuing operations amounted to 113.8cps.



Dividend

The board declared a final dividend of R26.9 million or 15cps.



Outlook

The global economy is set to remain uncertain in the year ahead and we are bracing ourselves for another economically difficult year in South Africa. In spite of this, we are confident that the impetus provided by the capital raised through the listing, the various projects currently running, as well as those that have been fully implemented will ensure that Clover maintains a healthy position - both from a market share perspective as well as financially. The single biggest impact on Clover's performance in the year ahead is going to be input costs and the Group's ability to recover it in the selling prices. The country is seeing renewed inflationary pressures, and the high wage settlements are indicative of price pressures on all fronts. Clover has not yet addressed the inefficiencies in the supply chain, which means the higher inflation will have an effect on a higher cost base than its competitors. It is therefore imperative that Cielo Blu is implemented and finalised as a matter of priority.



Clover's fundamentals have not changed. It stands for quality and delivery. Our products are cherished, enjoyed and admired by consumers. With the planned savings in supply chain costs, our products can become more affordable and available to even more potential consumers. In the longer term, the entry of international retailers into South Africa, as well as the opportunities to push into Africa through partnerships with our customers, remain very exciting, and will continue to receive the Group's attention in the year ahead.



Annual general meeting

The annual general meeting of the company will be held at 200 Constantia Drive, Constantia Kloof, Roodepoort, 1709 on Thursday, 10 November 2011, at 09:00 to transact the business as stated in the annual general meeting notice which will be distributed to shareholders on 20 September 2011.

16-Sep-2011
(Official Notice)
Shareholders of Clover are advised that management delivered a presentation in London, United Kingdom at the Macquarie/JSE Frontiers conference yesterday and that the presentation is available on the Clover website, www.clover.co.za The content presented at this showcase is similar to previous presentations also available on the website. Shareholders are reminded that the group's results for the financial year ended 30 June 2011 will be announced on SENS on or about 19 September 2011.
08-Sep-2011
(Official Notice)
Notice is hereby given that a preference dividend has been declared for the quarter ended 30 September 2011, payable in South African currency, on 3 October 2011 and amounts to 6.3 cents per share.

The salient dates will be as follows:

*Last day to trade "cum" the preference share dividend Friday, 23 September 2011

*Shares commence trading "ex" the preference share dividend Monday, 26 September 2011

*Record date on Friday, 30 September 2011

*Payment date on Monday, 3 October 2011



Share certificates may not be dematerialised or rematerialised between Monday, 26 September 2011 and Friday, 30 September 2011, both days inclusive.

08-Sep-2011
(Official Notice)
In terms of the Listings Requirements of the JSE Limited, companies are obliged to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for a reporting period will differ by at least 20% from the results of the previous corresponding reporting period.



The comparative (2010) HEPS and EPS are the pro forma results as disclosed in the Prelisting Statement issued on 29 November 2010 and comprise of the 2009/10 actual results adjusted for the effects of the Initial Public Offer (IPO) as if the IPO occurred on 1 July 2009. The weighted average number of ordinary shares used to calculate the 30 June 2010 HEPS and EPS were adjusted to take into consideration the 2 for 1 subdivision of the ordinary shares effective on the 4th of November 2010.



Shareholders are advised that the forecasted results for 2010/11 on which this trading statement is based have not been reviewed and reported on by the company's external auditors. It is anticipated that Clover Industries will release its 2011 financial results on SENS on or about 19 September 2011.
26-Aug-2011
(Official Notice)
Shareholders of Clover are advised that management delivered a presentation to BOE Private Clients at a JSE Showcase in Pretoria on Thursday, 25 August 2011. The presentation contains no new material information and is available on the Clover website - www.clover.co.za Shareholders are reminded that the group's results for the financial year ended 30 June 2011 will be announced on SENS on or about 19 September 2011.
15-Jun-2011
(Media Comment)
Business Day reported that Clover Industries will spend R277 million on projects to enhance its supply chain and improve margins over the next few years. Clover CEO Johann Vorster said the projects would be funded with the proceeds from its listing and internal funds, and it would not go to the market to raise additional capital. Clover has concentrated heavily on reducing supply-chain costs over the past three years, and the R277 million will brings its capital expenditure to R627 million. Earlier this year Mr Vorster said the company had already unlocked benefits from Ciela Blu project, which aimed to redress historical inefficiencies in the distribution network, increase profitability and expand capacity.
14-Jun-2011
(Official Notice)
Clover's shareholders were advised that the board of directors (the "board") has approved capital expenditure programmes to the value of R277 million in addition to Project Cielo Blu, bringing the total amount of capex programmes to R627 million. Business cases were presented and approved for projects including the relocation of Clover's cheese manufacturing facilities to the coast, increased collection capacity in certain regions and various value added packaging initiatives. The various new projects will be funded from internal resources, including listing proceeds not earmarked for Project Cielo Blu. Some of the projects will commence immediately, whilst others will only start after the completion of certain phases of Project Cielo Blu.
02-Jun-2011
(Official Notice)
Notice was given that a preference dividend has been declared for the quarter ending 24 June 2011, payable in South African currency, on 27 June 2011 and amounts to 5.86 cents per share. The salient dates will be as follows:

* Last day to trade "cum" the preference share dividend on Friday, 17 June 2011

* Shares commence trading "ex" the preference share dividend on Monday, 20 June 2011

* Record date on Friday, 24 June 2011

* Payment date on Monday, 27 June 2011.
20-Apr-2011
(Official Notice)
Clover's shareholders were advised that the Competition Commission has withdrawn its long running referrals of several milk processors, including Clover that started in December 2006. The withdrawal follows the Supreme Court of Appeal's ruling in September 2010 in which it upheld Woodlands Dairy (Pty) Ltd and Milkwood Dairy (Pty) Ltd's objections to the commission's initiation and investigation. Clover remains committed to fully co-operating with the Competition Commission and ensuring that its employees, management and directors do not engage in any conduct which constitutes a prohibited practice. To this effect, Clover has numerous initiatives to ensure good corporate governance across all its operations.
20-Apr-2011
(Official Notice)
Commission withdraws case against Clover, Ladismith, Nestle and Parmalat The Competition Commission has withdrawn its case against Clover Industries Limited and Clover SA (Pty) Ltd, Nestle SA (Pty) Ltd, Parmalat (Pty) Ltd and Ladismith Cheese (Pty) Ltd, the remaining respondents in its long running prosecution of the milk processors that started in December 2006. This prosecution related to, among other allegations, price fixing conduct. Clover applied for leniency in respect of some of these allegations.



The Commission's withdrawal follows the Supreme Court of Appeal's ruling in September 2010 in which it upheld Woodlands Dairy (Pty) Ltd and Milkwood Dairy (Pty) Ltd's objections to the Commission's initiation and investigation. The Appeal Court ruled that the Commission's initiation of an investigation into anticompetitive conduct in the milk industry was unlawful because it did not specify allegations faced by each firm and was not based on a reasonable suspicion that all firms in the industry were engaged in such conduct.



The case pertained to conduct which existed until at least 2006. Dynamics in the milk market have changed since the investigation and referral of this case to the Tribunal. The Commission will continue to monitor developments in the industry to ascertain if there are any current competition concerns. To that end it has put together a team to conduct a scoping exercise to determine the current state of competition in the production and processing stages of the value chain.
08-Apr-2011
(Official Notice)
With effect from 1 May 2011, Danone Southern Africa ("Danone") will outsource all its merchandising services to Clover Industries Limited ("Clover"). In terms of this arrangement, all 134 current Danone Merchandisers will be transferred to Clover under the same employment terms and conditions and Clover will complete all merchandising tasks on behalf of Danone. Clover was selected by Danone after an in-depth analysis of available suppliers of merchandising services and an initial two year contract was awarded.

01-Apr-2011
(Official Notice)
Clover shareholders were advised that a presentation detailing a general overview of the company including its financial results for the period ended 31 December 2010 was given on 1 April 2011. The presentation is available on the company's website www.clover.co.za.
14-Mar-2011
(Official Notice)
Further to the announcement released on SENS on 8 March 2011, Clover preference shareholders are advised that the special resolution has been registered with CIPRO and the salient dates remain unchanged, as follows:



Notice was given that preference share dividend number 29 has been declared for the period ending 25 March 2011, payable in South African currency on 28 March 2011 and amounts to 5.41 cents per share. The salient dates will be as follows:

*Last day to trade "cum" the preference share dividend on Thursday, 17 March 2011

*Shares commence trading "ex" the preference share dividend on Friday, 18 March 2011

*Record date on Friday, 25 March 2011

*Preference share dividend payment date on Monday, 28 March 2011

Share certificates may not be dematerialised or rematerialised between Friday, 18 March 2011 and Friday, 25 March 2011, both days inclusive.
14-Mar-2011
(C)
Revenue amounted to R3.3 billion for Clover's maiden interim results as listed company. Operating profit was R176 million and net attributable income came in at R96.7 million. In addition, headline earnings on a per share basis amounted to 73.2cps.



Dividend

An interim ordinary dividend of 10cps has been declared.



Outlook

The listing of Clover on the JSE and the simultaneous raising of new capital has given Clover the means to address historical inefficiencies and to expand its operations. Project Cielo Blu will see the move of the long life products plant from Midrand to Port Elizabeth and Pinetown, the move of the central Johannesburg beverages factory into the Midrand facility and the expansion of several other production and distribution sites. These improvements will take between 2-3 years to complete after which margin improvements can be anticipated.



In the short term Clover will still be subject to an uncertain economy, high unemployment, rising fuel and energy prices and a fluctuating currency. All of these factors create unpredictable trading conditions. The second half of the financial year is traditionally weaker than the first, but the gain in market share and continuing lower supply chain costs are expected to deliver positive results.
11-Mar-2011
(Official Notice)
Mr V P Turner has resigned as a non-executive director from the board of the company with effect from 10 March 2011. Following the resignation of Mr V P Turner and the vacancy created by his resignation, Mr N A Smith, a milk producer and current chairman of the national Clover producers forum, has been appointed as a non-executive director to the board of the company with effect from 10 March 2011.
08-Mar-2011
(Official Notice)
At the special meeting of preference shareholders of Clover Industries held today, Monday, 7 March 2011, the special resolution proposed at the meeting was approved by the requisite majority of votes regarding the amendment to the articles of association of the company relating to the rights, privileges and conditions attaching to the cumulative redeemable preference shares ("preference share/s"). Following the aforesaid meeting, at the combined general meeting of ordinary and preference shareholders of Clover Industries held today, Monday, 7 March 2011, the special resolution proposed at the meeting was approved by the requisite majority of votes regarding the amendment to the articles of association of the company relating to the rights, privileges and conditions attaching to the preference shares. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office ("CIPRO") immediately.



Declaration of preference share dividend no 29

Notice is hereby given that a preference share dividend has been declared for the period ending 25 March 2011, payable in South African currency on 28 March 2011, subject to registration of the special resolution by CIPRO and amounts to 5.41 cents per share. The salient dates will be as follows:

*Finalisation date (registration of special resolution) by -- Monday, 14 March 2011

*Last day to trade "cum" the preference share dividend on -- Thursday, 17 March 2011

*Shares commence trading "ex" the preference share dividend on -- Friday, 18 March 2011

*Record date on -- Friday, 25 March 2011

*Preference share dividend payment date on -- Monday, 28 March 2011



Share certificates may not be dematerialised or rematerialised between Friday, 18 March 2011 and Friday, 25 March 2011, both days inclusive. The above dates are subject to amendment, any such amendment will be released on SENS. In the event that there is a change to the prime rate after the preference share dividend declaration date, dated 8 March 2011 ("the dividend declaration date"), the dividend amount payable will be recalculated accordingly.
18-Feb-2011
(Official Notice)
Shareholders are advised that headline earnings per ordinary share ("HEPS") for the six months ended 31 December 2010 is expected to be between 73.11 and 73.29 cents (2009: HEPS 0.9 cents) and the Earnings per ordinary share ("EPS") for the same period is expected to be between 75.1 cents and 75.5 cents (2009: EPS 2 cents). It should be noted that during the six months to 31 December 2009 the preference shares were entitled to 97% of ordinary dividends declared. EPS calculations are based on the dividend rights attached to the different classes of shares and accordingly 97% of the earnings during the comparative period accrued to the preference shares. Following the capital restructuring on 31 May 2010 the preference shares are no longer entitled to share in ordinary dividends leading to the very significant increases in both basic EPS and HEPS for ordinary shares. The weighted average number of ordinary shares used to calculate the 31 December 2009 EPS and HEPS were adjusted to take into consideration the two for one subdivision of the ordinary shares effective the 4th of November 2010. It is anticipated that Clover will release its interim results on SENS on or about 14 March 2011.
12 Jan 2011 19:31:54
(Official Notice)
Reference is made to the pre-listing statement, dated 29 November 2010 relating to the listing of all of Clover`s issued ordinary shares with a par value of R0.05 each (the "Offer") and to the abridged pre-listing statement released on SENS on 29 November 2010, relating to the Offer and the listing of Clover`s cumulative redeemable preference shares with a par value of R0.10 each, on the main board of the securities exchange operated by the JSE Limited with effect from the commencement of business on Tuesday, 14 December 2010. Reference is also made to the pricing announcement relating to the Offer, released on SENS on 9 December 2010.



The directors of Clover wish to advise that, in respect of the Offer, FirstRand Limited acting through Rand Merchant Bank, in its capacity as stabilisation manager, has given notice to Clover that it will exercise the over-allotment option granted to it by Clover in respect of 7 142 857 Clover ordinary shares. Post the exercise of the over-allotment option, the total number of Clover ordinary shares in issue will be 179 111 867. The stabilisation period commenced at 9am on 14 December 2010 and ended at 5pm on 12 January 2011.
21 Dec 2010 09:25:53
(Official Notice)
Notice is hereby given that a preference dividend has been declared for the quarter ended 31 December 2010, payable in South African currency, on 10 January 2011 and amounts to 6.1 cents per share.



The salient dates will be as follows:

Last day to trade cum the dividend -- Friday, 31 December 2010

Shares commence trading "ex" distribution -- Monday, 03 January 2011

Record date -- Friday,07 January 2011

Payment date -- Monday, 10 January 2011



Share certificates may not be dematerialised or rematerialised between Monday, 03 January 2011 and Friday, 07 January 2011, both days inclusive.
15 Dec 2010 10:06:01
(Media Comment)
Business Report highlighted that newly listed Clover Industries, which yesterday, 14 December 2010, started life as a publicly traded company, sees opportunity for consolidation in the fragmented regional and niche end of the milk industry. Clover which raised R575 million in last weeks placement to institutions, is on the lookout to expand its income from services such as logistics and merchandising, a role it already plays for companies such as French group Danone. It is also looking to expand its own portfolio of branded food products, which include Clover, Tropika and Ultra Mel.



For now, Clover will use the proceeds of the share offering to invest in plant and make changes such as the relocation of milk- processing plants from inland regions closer to its milk farmers in KwaZulu Natal and the Eastern Cape. The 3.8% rise in its share price on its first day of trading reflected the strong interest in a stock that was almost three times oversubscribed. More than 10.9 million shares changed hands on its JSE debut.
09 Dec 2010 08:21:13
(Official Notice)
Reference is made to the pre-listing statement, dated 29 November 2010 relating to the listing of all of Clover's issued ordinary shares with a par value of R0.05 each ("ordinary shares") by way of an offer, subject to certain conditions (the "offer") and the abridged pre-listing statement released on SENS on 29 November 2010, relating to the offer and the listing of Clover's cumulative redeemable preference shares with a par value of R0.10 each ("preference shares") by way of an introduction, on the main board of the securities exchange operated by the JSE Ltd ("JSE") with effect from the commencement of business on Tuesday, 14 December 2010 (the "listing date"). The bookbuild process in relation to the offer closed on 8 December 2010 and was strongly over-subscribed. 54 761 905 shares were placed including the over allotment, at R10.50 per share ("placement price"). As a result, shares of Clover with a value of R575 million, were placed, representing 31.8% of the ordinary shares. On the listing date the percentage of ordinary shares held by the major shareholders is as follows: Clover Milk Producer's Trust 11.8% and executive directors and members of management 11.2%. Executive directors and members of management do not hold the shares as a collective. These figures do not include any shares that may have been acquired by affiliated entities in the offer. In respect of the ordinary shares, the settlement and listing will be on the listing date, subject to achieving a spread of shareholders acceptable to the JSE, and in respect of the preference shares, the listing will be on the listing date, subject to achieving a spread of shareholders acceptable to the JSE.
08 Dec 2010 09:13:03
(X)
Clover is a leading and competitive branded consumer goods and products group operating in South Africa and selected African countries reaching a wide range of geographically dispersed customers and consumers with a range of quality value-added dairy and non-dairy products, delivered through one of the largest ambient and chilled distribution networks in Southern Africa.



Clover is a branded consumer goods and products group with core competencies in:

*the production of dairy and non-dairy consumer products;

*the distribution of chilled and ambient consumer products; and

*the sales and merchandising of consumer goods.



Clover produces and distributes (for itself and other fast moving consumer goods ("FMCG") companies) a diverse range of dairy and non-dairy consumer products to consumers and customers through one of the largest and most extensive distribution networks in South Africa. The business platform, created and sustained by the dairy business, provides the perfect platform for the group to reach an extensive cross section of South African customers and consumers. Clover's business platform spans the breadth of the value chain from production to sales and integrates key value-added support services such as logistics, supply chain management, sales and merchandising. Clover's market penetration (Clover delivers to approximately 14 000 delivery points across South Africa) coupled with its value-added services offering, positions Clover to exploit attractive opportunities for organic and acquisitive growth.





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