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20-Oct-2017
(Official Notice)
Conduit announced that it intends to raise R350 million by way of a fully insured renounceable rights offer (?Rights Offer?), in terms of which the Company will offer a total of 175 000 000 new ordinary shares (?Rights Offer Shares?) at a subscription price of 200 cents per Rights Offer Share (?Subscription Price?) in the ratio of 29.68899505 Rights Offer Shares for every 100 Shares (?Ratio?) held at the close of business on the record date for the Rights Offer, being Friday, 24 November 2017 (?Record Date?).



Purpose of rights offer

The purpose of the Rights Offer is to provide Conduit with additional capital in the amount of R350 000 000 to enable the Company to:

- capitalise the insurance group to fund, to the extent commercially acceptable, acquisitions and/or organic growth strategies; and/or

- fund non-insurance opportunities that conform to Conduit?s investment criteria.



Salient dates

* Rights Offer Declaration Data announcement released on SENS : Friday, 20 October

* Rights Offer Finalisation announcement released on SENS : Thursday, 16 November

* Listing of and trading in the Letters of Allocation on the JSE commences at 09:00 on Wednesday, 22 November

* Rights Offer opens at 09:00 on Monday, 27 November

* Circular distributed to dematerialised shareholders, who have elected to receive such documents on Tuesday, 28 November

* Listing and trading of Rights Offer Shares commences on the JSE at 09:00 on Wednesday, 6 December

* Results of Rights Offer announced on SENS on Monday, 11 December



Further announcement and circular

The Rights Offer Finalisation announcement is expected to be released on SENS on or about 16 November 2017. The Rights Offer circular, and accompanying Form of Instruction for use by certificated shareholders only, containing full particulars of the Rights Offer will be posted to certificated shareholders on or about 23 November 2017. The Rights Offer circular containing full particulars of the Rights Offer will be distributed to dematerialised shareholders who have elected to receive documents on or about 28 November 2017.
19-Oct-2017
(Official Notice)
Shareholders are advised that the Conduit Capital integrated annual report for the year ended 30 June 2017 was distributed to shareholders today, 19 October 2017 and is available on the Company?s website, www.conduitcapital.co.za. The integrated annual report contains no modifications to the condensed consolidated audited results for the year ended 30 June 2017 published on SENS on 27 September 2017.



Notice is hereby given that the annual general meeting of shareholders of Conduit Capital will be held at 09:00 on Friday, 17 November 2017 at The Fairway Hotel - Spa, Setperk Street, Randpark, Randburg, 2125 to conduct the business stated in the notice of the annual general meeting, which is contained in the Integrated Annual Report.



The board of directors of the Company has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 10 November 2017. Accordingly, the last day to trade Conduit Capital shares in order to be recorded in the Register to be entitled to vote will be Tuesday, 7 November 2017.

10-Oct-2017
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Conduit Capital (?Board?) hereby notifies its shareholders that, with effect from 9 October 2017:

*Messrs Gavin Toet and Tyrone Moodley have resigned as executive directors.

*Mr David Harpur has resigned as an independent non-executive director.

*Mr Barry Scott has resigned as an independent non-executive director.

*Mr Leo Chih Hao Chou (?Leo?) has been appointed as a non-executive director.

*William N. Thorndike Jr. (?Will?) has been appointed as an independent non-executive director.

27-Sep-2017
(C)
Income from insurance operations grew to R750.8 million (R692.7 million) whilst operating loss widened to R87.0 million (loss of R34.4 million). Loss attributable to equity holders worsened to R136.7 million (loss of R32.9 million). Furthermore, headline loss per share increased to 17.3cps (loss of 5.7cps).



Dividend

Conduit has a wide range of opportunities in which to deploy capital at attractive rates and therefore no dividend has been declared. It is unlikely Conduit will pay dividends in the future.



Company prospects

The completion of the Snowball and Midbrook transactions has significantly increased the capital base and the earnings potential of the company. The investment made in ASOC has already shown promise. The accounting results of Constantia were disappointing in the first half of the financial year, but much improved in the second half. Conduit is a vastly changed company from this time last year and is a few steps further into the journey of real value creation over time. We are not afraid of big investments for big returns. The only requirement is patience.



People are our greatest asset. We trust and empower our leaders to get the best out of them and all those who work with them. I would like to thank every person who is part of the Conduit ecosystem for his or her effort, energy and enthusiasm. Our business will grow to great heights and it is through your hard work that we will get there. I would also like to thank our board of directors and shareholders for sharing in our long-term vision for Conduit Capital.
26-Sep-2017
(Official Notice)
Further to the trading statement released on SENS on 12 September 2017 (?Initial Trading Statement?), a review by management of the financial results for the year ended 30 June 2017 has indicated that the headline loss per share is expected to be between 17.8 cents and 16.8 cents, compared to the restated headline loss per share of 5.7 cents for the year ended 30 June 2016, and not between 16.8 cents and 15.7 cents as previously stated.



The loss per share is still expected to be between 35.9 cents and 33.8 cents and the net asset value per share is still expected to be between 174.9 cents and 177.1 cents, as announced in the Initial Trading Statement.



Earnings per share includes:

*transaction costs incurred as a result of the acquisition of Midbrook Lane (Pty) Ltd. (?Midbrook?) and Snowball Wealth (Pty) Ltd. (?Snowball?);

*the write-off of all the goodwill that was generated owing to market and share price movements between the transaction date (19 July 2016) and the effective dates of the Midbrook and Snowball acquisitions (2 February 2017 and 30 March 2017, respectively);

*an impairment of the group?s investment in an asset held for sale;

*losses generated in the short-term insurer?s medical gap cover portfolio during the first six months of the financial year, as highlighted in the interim results; and

*expenses incurred to increase the capacity of the group by way of attracting appropriately skilled people and systems so as to handle a much larger insurance business in the future, as detailed in the interim results.



Items b and c above are excluded from the calculation of headline earnings per share.



The financial information on which this trading statement is based has not been reviewed or reported on by the group?s auditors. Conduit?s audited financial results for the year ended 30 June 2017, including further information on the performance of the group, are expected to be released on SENS on or about 27 September 2017.
12-Sep-2017
(Official Notice)
A review by management of the financial results for the year ended 30 June 2017 has indicated that:

1. the loss per share is expected to be between 35.9 cents and 33.8 cents, compared to the restated loss per share of 10.6 cents for the year ended 30 June 2016;

2. the headline loss per share is expected be between 16.8 cents and 15.7 cents, compared to the restated headline loss per share of 5.7 cents for the year ended 30 June 2016; and

3. net asset value per share (?NAV?) is expected to be between 174.9 cents and 177.1 cents, compared to the restated NAV of 169.5 cents as at 30 June 2016.



Conduit?s audited financial results for the year ended 30 June 2017, including further information on the performance of the group, are expected to be released on SENS on or before 22 September 2017.
12-Jun-2017
(Official Notice)
The board of directors of Conduit Capital (?the Board?) wishes to advise shareholders that the Board has signed a resolution to approve the disposal of a portion of each of the following listed investments, being Tiso Blackstar Group SE, Calgro M3 Holdings Ltd., Trustco Group Holdings Ltd., Combined Motor Holdings Ltd. and ENX Group Ltd. (?the Listed Investments?) to the Riskowitz Value Fund LP, a partnership formed in the state of Delaware, USA (?the Riskowitz Value Fund?) (?the Purchaser?), which has delegated its investment management and decision-making to Protea Asset Management LLC, for a total purchase consideration of R62 711 550.76 (?the Disposal?).



Effective date

There are no outstanding conditions on the Disposal and the effective date of the Disposal was once the Listed Investments were transferred to the Purchaser, being 12 June 2017.



Financial information

The value of the net assets that are the subject of the Disposal as at 30 June 2016, being the last financial year end of Conduit Capital, was R63 137 255.13. The loss after tax attributable to such net assets for the year ended 30 June 2016 was R2 656 643.68. The value of the net assets that are the subject of the Disposal as at 31 December 2016, being the last interim period end of Conduit Capital, was R65 588 457.93. The profit after tax attributable to such net assets for the six months ended 31 December 2016 was R1 902 133.37.
22-May-2017
(Official Notice)
Conduit shareholders are advised that Global Credit Rating Co (?GCR?) has been appointed to provide a Company Credit Rating. The board of directors of the Company is pleased to announce that GCR has accorded Conduit a first time national scale long term debt rating of BBB (ZA) and a national scale short term debt rating of A3 (ZA). The ratings have been accorded a Stable outlook. Furthermore, an international scale rating of B+ has been accorded, with a Negative outlook.
22-Feb-2017
(C)
Net premium income for the interim period came to R156.1 million (R226.5 million). Operating loss widened to R40.8 million (loss of R10.7 million). Total comprehensive loss attributable to equity holders worsened to R34.4 million (loss of R3.4 million). In addition, headline loss per share was 8.9cps (loss of 1.2cps).



Dividends and other distributions

In line with the Group's strategy, the board has not recommended any dividend payment to ordinary shareholders (nil).
21-Feb-2017
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, shareholders are hereby notified of the following change to the board of directors of Conduit Capital (?the Board?):

Change in function:

Mr Tyrone Moodley, a non-executive director, assumed the role of executive director of the Company, with effect from 20 February 2017.



Appointment:

Mr Adrian Maizey has been appointed as a non-executive director of Conduit Capital and member of the Investment Committee, with effect from 20 February 2017.
17-Feb-2017
(Official Notice)
In terms of the Listings Requirements of JSE Ltd., companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than twenty percent from that of the previous corresponding period. Accordingly, a review by management of the financial results for the six months ended 31 December 2016 has indicated that:

*the loss per share is expected to be between 10.0 cents and 10.8 cents compared to the earnings per share of 3.8 cents for the six months ended 31 December 2015; and

*the headline loss per share is expected be between 8.5 cents and 9.3 cents compared to the headline earnings per share of 3.8 cents for the six months ended 31 December 2015.



The decrease is due primarily for reasons previously disclosed to shareholders in our 2016 Integrated Annual Report, namely:

*Higher claims before premium increases in a large accident and health book in our insurance business. Premium increases were instituted on 1 January 2017 in order to turn this book profitable;

*Higher provisions associated with the large increase in net premium written (before solvency reinsurance);

*Additional costs and investments in people, infrastructure, information technology systems and business processes which are necessary to support the growth of the insurance companies ahead of anticipated premium growth; and

*Business combination expenses associated with the acquisition of Midbrook Lane (Pty) Ltd. and Snowball Wealth (Pty) Ltd. (these expenses are excluded from the calculation of headline earnings per share).



The financial information on which this trading statement is based has not been reviewed or reported on by the group?s auditors. Conduit?s interim results for the six months ended 31 December 2016, including further information on the performance of the group, are expected to be released on SENS on or about 22 February 2017.

24-Nov-2016
(Official Notice)
The board of directors of Conduit Capital (?the Conduit Capital Board?) hereby notifies its shareholders that:

*Mr Robert Shaw, chief executive officer of Conduit Capital?s wholly-owned subsidiary, the Constantia Insurance Group (?Constantia?), has taken early retirement with effect from 18 November 2016; and

*Mr Volker von Widdern, deputy chief executive officer of Constantia, has been appointed as chief executive officer of Constantia on the same date.



17-Nov-2016
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit Capital held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 151 029 237, representing 46% of the total issued share capital of the same class of Conduit Capital shares.



28-Oct-2016
(Official Notice)
Conduit Capital shareholders are referred to the announcement released on SENS on 29 September 2016 and the circular distributed to shareholders on 29 September 2016 (?Circular?). Terms defined in the Circular shall, unless otherwise stated, bear the same meaning in this announcement. Conduit Capital shareholders are advised that, at the General Meeting convened in terms of the notice of General Meeting to shareholders dated 29 September 2016 which was held today, all the resolutions to approve, inter alia, the Acquisitions, were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy in respect of all resolutions, save for Ordinary Resolution Number 1 and Ordinary Resolution Number 2, was 261 300 028, representing 78.85% of the total issued share capital of the same class of Conduit Capital shares. The number of shares voted in person or by proxy in respect of Ordinary Resolution Number 1 was 210 545 759, representing 63.54% of the total issued share capital of the same class of Conduit Capital shares (excluding Snowball Wealth and its associates).



The number of shares voted in person or by proxy in respect of Ordinary Resolution Number 2 was 207 016 793, representing 62.47% of the total issued share capital of the same class of Conduit Capital shares (excluding Messrs S M Riskowitz and T C Moodley, and their associates). The number of shares which abstained from voting was 13 064, representing 0.004% of the total issued share capital of the same class of Conduit Capital shares.
19-Oct-2016
(Official Notice)
Shareholders are advised that the Conduit Capital Integrated Annual Report for the year ended 30 June 2016 was distributed to shareholders today, 19 October 2016 and is available on the company?s website, www.conduitcapital.co.za. The Integrated Annual Report contains no modifications to the condensed consolidated audited results for the year ended 30 June 2016 published on SENS on 30 September 2016.



Notice is hereby given that the annual general meeting of shareholders of Conduit Capital will be held at 09:00 on Thursday, 17 November 2016 at Tulbagh, 360 Oak Avenue, Randburg, 2194, to conduct the business stated in the notice of the annual general meeting, which is contained in the Integrated Annual Report.



The board of directors of the company has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 11 November 2016. Accordingly, the last day to trade Conduit Capital shares in order to be recorded in the Register to be entitled to vote will be Tuesday, 8 November 2016.
30-Sep-2016
(C)
The following results are the company's maiden final results following the change in year-end from August to June. Net premium income was R375.7 million, whilst operating loss came in for R26.0 million. Loss attributable to equity holders of R23.8 million was recorded. Furthermore, headline loss per share was 2.8cps.



Dividend

Conduit has a range of opportunities in which to deploy capital at attractive rates and therefore no dividend has been declared. For as long as the company can identify opportunities that meet its return requirements, it is unlikely Conduit will pay a dividend.
29-Sep-2016
(Official Notice)
Shareholders are referred to the ?Proposed Acquisitions of Snowball Wealth and Midbrook Lane, and Renewal of Cautionary? announcement released on SENS on 11 August 2016 and the ?Acquisitions of Snowball Wealth and Midbrook Lane, and Withdrawal of Cautionary? announcement released on SENS on 15 September 2016, and using the terms defined therein unless otherwise stated, are hereby advised that the circular containing full details of the Acquisitions and incorporating a notice to convene a general meeting of Conduit Capital shareholders (?General Meeting?) in order to consider and, if deemed fit, to pass, with or without modification, the resolutions necessary to approve the Acquisitions, has been distributed today, 29 September 2016. The circular is available on the Company?s website at: www.conduitcapital.co.za.



Notice of general meeting

Notice is hereby given that the General Meeting will be held at 10:00 on Friday, 28 October 2016, at the office of Constantia Insurance Company, Unit 5, Training Room, 360 Oak Avenue, Randburg, 2194 to consider and, if deemed fit, to pass with or without modification, the business stated in the notice of General Meeting, which is contained in the Circular.



The Board has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, the record date for the purposes of determining which shareholders of the Company are entitled to receive notice of the General Meeting is Friday, 23 September 2016 and only shareholders who are registered in the securities register of the Company on Friday, 21 October 2016, will be entitled to participate in and vote at the General Meeting. Accordingly, the last day to trade in Conduit Capital shares in order to be recorded in the Register in order to be entitled to attend, participate in and vote at the General Meeting is Tuesday, 18 October 2016.
28-Sep-2016
(Official Notice)
A review by management of the financial results for the year ended 30 June 2016 has indicated that:

* the loss per share is expected to be between 8.4 cents and 7.0 cents compared to the earnings per share of 13.2 cents for the ten months ended 30 June 2015;

* the headline loss per share is expected be between 3.6 cents and 2.0 cents compared to the headline earnings per share of 13.4 cents for the ten months ended 30 June 2015; and

* net asset value per share (?NAV?) is expected to be between 173.7 cents and 175.1 cents, reflecting a decrease of between 2.2% and 1.4% compared to the NAV of 177.6 cents as at 30 June 2015.



Earnings per share includes an impairment to the group?s investment in an associate, which is excluded from the calculation of headline earnings per share. The decline in earnings per share and headline earnings per share is driven primarily by new business reserving strain in the insurance division and mark-to-market losses in the group?s equity portfolio.



Conduit?s audited financial results for the year ended 30 June 2016, including further information on the performance of the group, are expected to be released on SENS on or before 30 September 2016.
16-Sep-2016
(Official Notice)
11-Aug-2016
(Official Notice)
04-Aug-2016
(Official Notice)
Shareholders are advised that the company has entered into negotiations in respect of a possible acquisition which, if successfully concluded, may have a material effect on the price of the company?s securities.



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



01-Jun-2016
(Official Notice)
The board of directors of Conduit Capital (?the Conduit Capital Board?) hereby notifies its shareholders that:

* in line with the Group?s decentralised operating model where subsidiaries are empowered to conduct their own business affairs and are responsible for implementing their own strategies to contribute to overall value creation; and

* due to increased focus and time commitments associated with (and required by) the various growth opportunities of Conduit Capital?s wholly-owned subsidiary, the Constantia Insurance Group (?Constantia?),



Mr Robert Shaw, Chief Executive Officer of Constantia, has stepped down as an executive director of the Conduit Capital Board with effect from 1 June 2016. The decision affords Mr Shaw the opportunity to focus his efforts on Constantia, which will be beneficial for the long-term value creation of the Group.
09-May-2016
(Official Notice)
13-Apr-2016
(Official Notice)
The board of directors of Conduit announced the appointment of Mr Volker von Widdern as the Deputy Chief Executive Officer of Conduit's major subsidiary, Constantia Insurance Group, comprising Constantia Insurance Company Ltd., Constantia Life Ltd. and Constantia Life and Health Assurance Company Ltd. (?Constantia Group?), with effect from 1 July 2016.
22-Feb-2016
(C)
Conduit changed their year end to June going forward, therefore there are no comparatives for interim results December 2015. Gross written premium for the interim period amounted to R481.3 million. Operating loss came in at R3.2 million, while profit attributable to equity holders of the parent was recorded at R10.8 million. Furthermore, headline earnings per share was at 3.8cps.



Dividend

The board has not recommended any dividend payment to ordinary shareholders for the six months ended 31 December 2015 (2015: Nil).



Prospects

Instability and uncertainty in financial markets creates attractive opportunities for capital deployment. The threat of a ratings downgrade of the sovereign and global stock market volatility play very nicely into our hands. Our insurance businesses are launching new ventures and expanding existing relationships, as well as exploring opportunities to improve and grow their businesses. Investment income will always be unpredictable in the short term so our concern is for the performance of the portfolio over rolling three year periods. While we cannot predict how the fiscal year will transpire, we have laid down the early building blocks for sustained growth in intrinsic value over the long term.
18-Feb-2016
(Official Notice)
A review by management of the financial results for the six months ended 31 December 2015 has indicated that:

*earnings per share (?EPS?) is expected to be between 3.7 cents and 4.5 cents, reflecting a decrease of between 54.5% and 62.6% compared to the EPS of 9.9 cents for the six month period ended 28 February 2015;

*headline earnings per share (?HEPS?) is expected to be between 3.7 cents and 4.5 cents, reflecting a decrease of between 54.5% and 62.6% compared to the HEPS of 9.9 cents for the six month period ended 28 February 2015; and

*net asset value per share (?NAV?) is expected to be between 184.5 cents and 185.2 cents, reflecting an increase of between 6.8% and 7.2% compared to the NAV of 172.8 cents as at 28 February 2015.



The financial information on which this trading statement is based has not been reviewed or reported on by the group?s auditors. Conduit?s unaudited financial results for the six months ended 31 December 2015 are expected to be released on SENS on or before 23 February 2016.



14-Dec-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 9 October 2015 (?Declaration Announcement?) and on 17 November 2015 (?Finalisation Announcement?) wherein shareholders were advised that Conduit Capital intended to raise R150 000 000 by way of a fully underwritten renounceable rights offer (?Rights Offer?), in terms of which the Company offered a total of 75 000 000 new Shares (?Rights Offer Shares?) at a subscription price of 200 cents per Rights Offer Share (?Subscription Price?) in the ratio of 29.25347 Rights Offer Shares for every 100 Shares (?Ratio?) held at the close of business on the record date for the Rights Offer, being Friday, 27 November 2015 (?Record Date?).



Shareholders are advised that, 73 523 381 Rights Offer Shares (being 98.03% of the total Rights Offer Shares) were subscribed for. The balance of the Rights Offer Shares (being 1.97% of the total Rights Offer Shares), not subscribed for by shareholders, has been taken up by the underwriter, Ithuba Investments LP (?Ithuba?). Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Conduit Capital Shares on or about Monday, 14 December 2015. The CSDP or broker accounts of holders of Dematerialised Conduit Capital Shares will be credited with Rights Offer Shares and debited with payments due on Monday, 14 December 2015.
20-Nov-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit Capital held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 174 490 387, representing 68.06% of the total issued share capital of the same class of Conduit Capital shares. The number of shares which abstained from voting was 166 664, representing 0.07% of the total issued share capital of the same class of Conduit Capital shares.

17-Nov-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 20 October 2015 which, inter alia, detailed Conduit Capital?s Annual General Meeting to be held at 08:00 on Friday, 20 November 2015 at Tulbagh, 360 Oak Avenue, Randburg, 2194, and are advised that the order of the resolutions to re-elect Mr David Harpur and Mr Jabulani Mahlangu, who in terms of Article 26 of the Company?s Memorandum of Incorporation, retire by rotation at the Annual General Meeting but, being eligible to do so, offer themselves for re-election, were incorrectly transposed in the Notice of Annual General Meeting.



Shareholders are advised that the correct order of the aforementioned resolutions, which appear as items number 2 and 3, respectively, is set out in the Form of Proxy for the Annual General Meeting.
17-Nov-2015
(Official Notice)
20-Oct-2015
(Official Notice)
Shareholders are advised that the Conduit Capital Integrated Annual Report for the 10 months ended 30 June 2015 was distributed to shareholders on 20 October 2015 and contains no modifications to the condensed consolidated audited results for the 10 months ended 30 June 2015 published on SENS on 25 September 2015.



Notice is hereby given that the annual general meeting of shareholders of Conduit Capital will be held at 08:00 on Friday, 20 November 2015 at Tulbagh, 360 Oak Avenue, Randburg, 2194, to conduct the business stated in the notice of the annual general meeting, which is contained in the Integrated Annual Report.



The board of directors of the Company has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 13 November 2015. Accordingly, the last day to trade Conduit Capital shares in order to be recorded in the Register to be entitled to vote will be Friday, 6 November 2015.

09-Oct-2015
(Official Notice)
25-Sep-2015
(C)
Gross written premium for the year lowered to R788.5 million (2014: R883 million), profit attributable to equity holders of the parent fell to R37.6 million (2014: R116.4 million), while headline earnings per share weakened to 14.9 cps (2014: 15.7 cps).



Dividend

In line with the Group's new strategy, the details of which appear in the Letter from the CEO, the Board has not recommended any further dividend payment to ordinary shareholders. The dividend of 5 cps (R12.82 million in aggregate) announced in the previous Directors' Report was paid on 22 December 2014 (2014: Nil).
17-Sep-2015
(Official Notice)
04-Aug-2015
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Conduit Capital (?the Conduit Capital Board?) hereby notifies shareholders that:

*as a result of the retirement and resignation of Dr CH K?hn from the insurance subsidiary companies of Conduit Capital (comprising Constantia Insurance Company Limited, Constantia Life Limited and Constantia Life and Health Assurance Company Limited) (hereinafter collectively referred to as ?Constantia Insurance Group?); and

*in order to ensure continuity and maintain independence of the Constantia Insurance Group Boards, with effect from 3 August 2015, Mr Stephen Richard Bruyns has resigned as an independent non-executive director of the Conduit Capital Board and has simultaneously been appointed as Chairman of the Constantia Insurance Group.



The Board would like to thank Mr Bruyns for his contributions to Conduit Capital, and wishes him well in his new role as chairman of the Constantia Insurance Group.

16-Jul-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 24 March 2015 and 1 April 2015 wherein it was stated, inter alia, that Mr Sean Riskowitz had been appointed to the board of directors of Conduit Capital (?the Board?) as an executive director and that Mr Lourens Louw, the Financial Director of the company, had been appointed as acting Chief Executive Officer pending the identification and appointment of a new Chief Executive Officer. In compliance with paragraph 3.59 of the Listings Requirements of JSE, the Board hereby notifies its shareholders that, after following a comprehensive process, Mr Sean Riskowitz has been appointed as Chief Executive Officer of Conduit Capital with immediate effect. Mr Lourens Louw, who served as acting Chief Executive Officer pending the appointment of a permanent Chief Executive Officer, will resume his role as Financial Director of the Company with immediate effect.
24-Jun-2015
(Permanent)
As of June 2015, the company?s year end has been changed from 31 August to 30 June.
24-Jun-2015
(Official Notice)
Shareholders are referred to the Chief Executive Officer?s review contained in the 2013 Integrated Annual Report wherein it was stated that, inter alia, prior to the introduction of the Solvency Assessment and Management Framework (SAM) in January 2016 and the resultant increase in reporting requirements, Conduit Capital would be changing its year end so as to alleviate any undue strain on staff resources over the festive period.



In addition, where in the past Conduit Capital?s Insurers? quarterly reporting to the Financial Services board (?FSB?) aligned with two of its own financial reporting periods (February and August), these periods are no longer aligned under the FSB?s new quarterly reporting requirements introduced with effect from 1 January 2015.



Accordingly, the board has changed the company?s year end from 31 August to 30 June. The company?s year-end results to 30 June 2015 will therefore cover a ten month period.
22-May-2015
(C)
Gross written premium for the interim period lowered to R467.2 million (2014: R492.6 million). Operating loss came in at R2.4 million (2014: profit of R6 million), while profit attributable to equity holders of the parent more than halved to R25.4 million (2014: R97.8 million). Furthermore, headline earnings per share was higher at 9.9cps (2014: 8.4cps).



Dividends and other distributions

The Board has not recommended any dividend payment to ordinary shareholders for the six months ended 28 February 2015 (2014: Nil).
19-May-2015
(Official Notice)
Further to the announcements released on SENS on 1 April and 16 April 2015 and in compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised that, at the general meeting of Conduit Capital held at 12:00, 19 May 2015 at Tulbagh, 360 Oak Avenue, Randburg, 2194 (?General Meeting?), all the resolutions as set out in the notice of General Meeting dated 16 April 2015, were passed by the requisite majority of shareholders and accordingly, with effect from 19 May 2015, Mr Barry Scott and Ms Rosetta Xaba have been appointed as independent non-executive directors and Mr Tyrone Moodley has been appointed as a non-executive director.



The number of shares voted in person or by proxy was 154 428 587, representing 60% of the total issued share capital of the same class of Conduit Capital shares. The resolutions proposed at the General Meeting, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution.
18-May-2015
(Official Notice)
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than twenty percent from that of the previous corresponding period. Accordingly, a review by management of the financial results for the six months ended 28 February 2015 has indicated that attributable earnings, headline earnings, earnings per share (?EPS?), headline earnings per share (?HEPS?), net asset value per share (?NAV?) and tangible net asset value per share (?TNAV?) are expected to be as follows:



Unaudited six months ended 28 Feb 2015

*Attributable earnings (R?000): 25 443

*Headline earnings (R?000): 25 449

*EPS (cents) : 9.9

*HEPS (cents) : 9.9

*NAV (cents): 172.8

*TNAV (cents) : 125.5

*Number of shares in issue, net of treasury shares ('000) : 256 377

* Weighted average number of shares ('000) : 256 377



As previously reported, with effect from 1 September 2013 Conduit?s interest in credit recovery and debt management specialist, Anthony Richards and Associates Proprietary Limited (?ARA?), was accounted for as an associate. The change in accounting treatment required that the group carry out a once-off fair value adjustment of Conduit?s 40% interest in ARA and bring to book R75.55 million (29.5 cents per share) in earnings and net asset value during the six months ended 28 February 2014. This fair value adjustment had no impact on headline earnings at the time. There was no requirement to perform a similar fair value adjustment in 2015.



The financial information on which this trading statement is based has not been reviewed or reported on by the group?s auditors. Conduit?s unaudited results for the six months ended 28 February 2015 are expected to be released on or about 22 May 2015.

16-Apr-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 24 March 2015 and 1 April 2015 wherein it was stated that, inter alia, a meeting of shareholders of Conduit will be convened to appoint additional non-executive directors to the Board.



Shareholders are hereby advised that the notice to convene the general meeting (?Notice?) in order to consider and, if deemed fit, to pass, with or without modification, the resolutions necessary to approve, inter alia, the appointments to the Board, the appointments to the Audit Committee and the non-executive directors? remuneration, together with forms of proxy (?Proxy Forms?), has been distributed on Thursday 16 April 2015.



Notice is hereby given that the general meeting will be held at 12:00 on Tuesday, 19 May 2015 at Tulbagh, 360 Oak Avenue, Randburg, 2194, to conduct the business stated in the Notice.



The Board has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the general meeting is Friday, 8 May 2015. Accordingly, the last day to trade Conduit Capital shares in order to be recorded in the Company?s securities register to be entitled to vote will be Thursday, 30 April 2015.



Shareholders are advised that the erroneous references to ?item number 12? contained in item 10 of the distributed Notice should be read as ?item number 10? and references to ?Annual General Meeting? contained in the distributed Proxy Forms should be read as ?General Meeting?, as set out in the Notice and Proxy Forms available on the Company?s website, www.conduitcapital.co.za.
01-Apr-2015
(Official Notice)
24-Mar-2015
(Official Notice)
10-Mar-2015
(Official Notice)
Shareholders are advised that the company is in discussions which may result in developments that could have a material effect on the price at which the securities in the company trade. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement is made.
02-Mar-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit held on 2 March 2015, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
18-Dec-2014
(Official Notice)
Shareholders are advised that the Conduit Integrated Annual Report for the year ended 31 August 2014 (?Annual Report?) was dispatched to shareholders on 18 December 2014 and contains no modifications to the ?Condensed consolidated audited results for the year ended 31 August 2014 and cash dividend? published on SENS on 27 November 2014.



Notice was given that the Annual General Meeting of shareholders of Conduit Capital will be held at 08:00 on Monday, 2 March 2015 at Tulbagh, 360 Oak Avenue, Randburg, 2194, to conduct the business stated in the notice of the annual general meeting, which is contained in the Annual Report. The board of directors of the Company has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the Annual General Meeting is Friday, 20 February 2015. Accordingly, the last day to trade Conduit Capital shares in order to be recorded in the Register to be entitled to vote will be Friday, 13 February 2015.
27-Nov-2014
(C)
Gross written premium for the year lowered to R883 million (2013: R1 billion). Operating profit plummeted to R2 million (2013: R50 million), but total comprehensive income attributable to equity holders of the parent soared to R116.4 million (2013: R39.6 million). Furthermore, headline earnings per share was slightly higher at 15.7cps (2013: 15.6cps).



Dividends

The Board of Directors resolved to initiate a dividend programme, commencing with a gross cash dividend of 5cps, payable out of retained earnings.
17-Nov-2014
(Official Notice)
23-Jun-2014
(Official Notice)
Shareholders were advised that approval has been granted by the FTSE and JSE for the company to be reclassified from the Speciality Finance sub-sector under the Financial Services sector to the Full Line Insurance sub-sector under the Non-life Insurance sector with immediate effect.
06-Jun-2014
(Official Notice)
Shareholders are advised that following the acquisition of the business of Probity Business Services (Pty) Ltd. by Computershare Investor Services (Pty) Ltd. ("Computershare"), CIS Company Secretaries (Pty) Ltd., a subsidiary of Computershare, has been appointed as the company secretary of Conduit with effect from 5 June 2014.
14-May-2014
(C)
Gross written premium declined to R492.6 million (R580.6 million). Operating profit more than doubled to R6 million (R2.7 million). The net attributable profit almost quadrupled to R97.8 million (R25 million). However, headline earnings per share fell to 8.4cps (9.8cps).



Outlook

The apparent trend of better first than second half earnings is little more than coincidence and there is in fact no real correlation between performance and period. Conduit nonetheless relishes the opportunity to "buck the trend".



Outside of Conduit's large annuity income base, the company has an extraordinary pipeline of opportunity not seen for quite some time. How much of it we ultimately succeed in converting - or have an appetite for eating - is not yet certain and will fall to the skill and good judgment of an experienced team.
12-May-2014
(Official Notice)
09-Apr-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit Capital held, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
29-Nov-2013
(Official Notice)
Shareholders are advised that the Conduit Capital Integrated Annual Report for the year ended 31 August 2013 ("Annual Report") was dispatched to shareholders on 29 November 2013 and contains no modifications to the condensed consolidated preliminary audited results published on SENS on 18 November 2013.



AGM notice

Notice is hereby given that the Annual General Meeting of shareholders of Conduit Capital will be held at 08:00 on Wednesday, 9 April 2014 at Tulbagh, 360 Oak Avenue, Randburg, 2194, to conduct the business stated in the notice of the annual general meeting, which is contained in the Annual Report.
18-Nov-2013
(C)
Gross revenue increased to R1.2 billion (R1.1 billion). Operating profit declined to R50 million (R64.7 million). Net attributable profit rose to R39.6 million (R32.2 million). In addition, headline earnings per share grew to 15.6cps (12.7cps).



Outlook

The word "colourful" would best describe 2013. Under trying conditions Conduit managed to deliver headline earnings of R40.0 million or 15.6 cents equating to an annualised return on equity of 14.5% (20.1% pre-tax), up considerably on a return of 12.1% a year ago. Management are all too cognisant of the fact that there is little point in hoarding capital if it does not deliver satisfactory risk-adjusted returns. In our instance the trend is positive and we are hard at work to achieve our targeted after-tax return of 20% over time. With R310 million in cash and investments at year-end, Conduit certainly has the tools to ply our trade. Management is confident that the team will prove as formidable as the group's balance sheet.
07-Nov-2013
(Official Notice)
A review by management of the financial results for the year ended 31 August 2013 has indicated that attributable earnings, headline earnings, earnings per share ("EPS") and headline earnings per share ("HEPS") are expected to be as follows:

*EPS is expected to rise by 22% from 12.7cps to 15.5cps

*HEPS is expected to increase by 22.8% from 12.7cps to 15.6cps



Conduit's audited results for the year ended 31 August 2013, incorporating further commentary on all operating units, are expected to be released on or before 19 November 2013.
15-Oct-2013
(Official Notice)
Shareholders are advised that Conduit Capital has disposed of its investment, being a total of 20 084 816 ordinary shares, in Amalgamated Electronic Corporation Ltd. (Amecor) (Amecor shares), which represents 27.0% of Amecors ordinary shares in issue, net of treasury shares, for a total consideration of R40.2 million (the disposal).



The disposal

Nature of Amecor

Amecor, which listed in 2005 in the Electronic and Electrical Equipment sector of the main board of the JSE Ltd. (JSE), is the holding company of a number of businesses specialising in the design, manufacture and distribution of electronic security solutions, radio frequency networks, alternative power and power optimisation machinery to the domestic, corporate and industrial sectors in South Africa, neighbouring territories and the overseas market.



The rationale for the disposal

Though the investment in Amecor in 2010 has clearly proven worthwhile, it does not align with the Group's future strategy. This strategy will be fully articulated in the results announcement for the year ended 31 August 2013. The decision to entertain a bid and indeed to dispose of the investment, thereby monetising the considerable capital gain accounted for over the investment period, was therefore deemed prudent.



The disposal will have the indirect benefit of removing the turbulence associated with accounting for the investment on a mark-to-market basis. The capital proceeds from the sale will be deployed and appropriately utilised within the Group.



Consideration

The Amecor shares were sold at a price of 200 cents per share for a total cash consideration of R40.2 million.



Conditions precedent and effective date

The disposal is not subject to any conditions precedent and the effective date thereof is 11 October 2013.



Pro forma financial effects of the disposal

Having accounted for the capital gain in each reporting period over the life of the investment, the pro forma financial effects of the disposal on Conduit Capitals earnings per share, headline earnings per share, net asset value per share and tangible net asset value per share are not significant and are therefore not disclosed in terms of paragraphs 9.15(d) and 9.15(e) of the Listings Requirements of the JSE.



Classification of the disposal

The disposal is classified as a Category 2 announcement in terms of the Listings Requirements of the JSE.
22-Apr-2013
(C)
Net revenue for the interim period fell to R210.7 million (2012: R217.6 million). Operating profit increased to R27 million (2012: R21.7 million), while profit attributable to equity holders of the parent rose to R25 million (2012: R19.9 million). Furthermore, headline earnings per share increased to 9.8cps (2012: 8cps).



Dividends and other distributions

Only once the compulsory Quantitative Impact Study III (QIS III) has been completed by insurers in 2014 will the Financial Services Board finally determine the capital requirements for insurers under the new Solvency Assessment and Management (SAM) regulatory framework. Accordingly, we expect to maintain a margin of safety and utilise our capital effectively. The growth prospects in the Insurance and Risk Services division support this strategy. The board of directors of Conduit Capital has therefore not recommended any dividend payment to ordinary shareholders for the six months ended 28 February 2013 (2012: Nil).









11-Apr-2013
(Official Notice)
A review by management of the financial results for the six months ended 28 February 2013 has indicated that attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows:

28 Feb 2013, 28 Feb 2013 - percentage increase

* Attributable earnings (R'000): 24 952 - 19 888 - 25.5

* Headline earnings (R'000): 24 992 - 20 438 - 22.3

* EPS (cents): 9.7 - 7.8 - 24.4

* HEPS (cents): 9.8 - 8.0 - 22.5

* NAV (cents): 116.8 - 102.6 - 13.8

* TNAV (cents): 98.4 - 84.4 - 16.6



Conduit's unaudited results for the six months ended 28 February 2013, incorporating further commentary on all operating units, are expected to be released by the end of April 2013.
22-Feb-2013
(Official Notice)
Shareholders were advised that, at the annual general meeting of Conduit held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.



The special resolutions will be submitted for registration at the Companies and Intellectual Property Commission in due course.
24-Jan-2013
(Official Notice)
Further to the company's Annual Report for the year ended 31 August 2012 dispatched on Friday, 30 November 2012, shareholders were advised that the notice of Annual General Meeting was posted, by registered mail, to shareholders on Thursday, 24 January 2013.



The Annual General Meeting of the company will be held at the registered offices of the company situated at Tulbagh, 360 Oak Avenue, Randburg, 2194, at 08:00 on Friday, 22 February 2013.



The record date for the purposes of determining which shareholders are entitled to participate in and vote at the Annual General Meeting is Friday, 15 February 2013. Accordingly, the last day to trade in the company's shares in order to be recorded in the Register to be entitled to vote will be Friday, 8 February 2013.
30-Nov-2012
(Official Notice)
Shareholders were advised that the Conduit Integrated Annual Report for the year ended 31 August 2012 was dispatched to shareholders on 30 November 2012 and contains no modifications to the condensed consolidated preliminary audited results published on SENS on 22 November 2012. In addition, shareholders are further advised that the notice of annual general meeting will be dispatched in due course.
22-Nov-2012
(C)
Gross revenue for the year ended 31 August 2012 increased to R1.1 billion (2011: R920.5 million). Operating profit more than doubled to R64.7 million (2011: R27.8 million), while profit attributable to equity holders of the parent grew to R32.2 million (2011: R22.4 million). Furthermore, headline earnings per share rose to 12.7cps (2011: 8.6cps).



Dividends

The board of directors of Conduit has not recommended a dividend payment to ordinary shareholders for the 2012 financial year.



Conclusion

With Group turnover breaching the R1 billion mark (R1.07 billion), operating profit sharply up and headline earnings rising by 49.2% to R32.2 million or 12.7 cents a share, there is certainly room for optimism.
15-Nov-2012
(Official Notice)
A review by management of the financial results for the year ended 31 August 2012 has indicated that operating profit, net profit before tax, attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows:



*Operating profit (R'000) -- 64 729 Unaudited year ended 31 Aug 2012 ; 27 828 Audited year ended 31 Aug 2011; 132.6% increase

*Net profit before tax (R'000) -- 79 671 Unaudited year ended 31 Aug 2012 ; 53 308 Audited year ended 31 Aug 2011; 49.5% increase

*Attributable earnings (R?000) -- 32 155 Unaudited year ended 31 Aug 2012; 22 419 Audited year ended 31 Aug 2011; 43.4% increase

*Headline earnings (R?000) -- 32 161 Unaudited year ended 31 Aug 2012; 21 557 Audited year ended 31 Aug 2011; 49.2% increase

*EPS (cents) -- 12.7 Unaudited year ended 31 Aug 2012; 9.0 Audited year ended 31 Aug 2011 ; 41.1% increase

*HEPS (cents) -- 12.7 Unaudited year ended 31 Aug 2012; 8.6 Audited year ended 31 Aug 2011; 47.7% increase

*NAV (cents) -- 107.5 Unaudited year ended 31 Aug 2012; 106.0 Audited year ended 31 Aug 2011; 1.4% increase

*TNAV (cents) -- 89.2 Unaudited year ended 31 Aug 2012; 87.6 Audited year ended 31 Aug 2011 ; 1.8% increase

*Number of shares in issue, net of treasury shares ('000) -- 254 777 Unaudited year ended 31 Aug 2012 ; 250 277 Audited year ended 31 Aug 2011

* Weighted average number of shares ('000) -- 254 181 Unaudited year ended 31 Aug 2012 ; 250 277 Audited year ended 31 Aug 2011



Notes:

1. The marginal increase in NAV and TNAV is attributable to a capital distribution of 10 cents per share, paid to shareholders in December 2011.

2. The financial information on which this trading statement is based has not been reviewed or reported on by the group's auditors.



Conduit's audited results for the year ended 31 August 2012, incorporating further commentary on all operating units, are expected to be released by the end of November 2012.
05-Oct-2012
(Official Notice)
Shareholders were referred to the announcement released on 4 October 2012 in relation to the appointment of Mr Richard Bruyns to the board of directors of Conduit ("the board"). The initial announcement incorrectly classified Mr Bruyns as an executive, whereas his correct designation is an independent non-executive director. The board welcomes Richard and looks forward to his contribution to Conduit.
04-Oct-2012
(Official Notice)
The board of directors of Conduit notified its shareholders that Mr Richard Bruyns has been appointed as an executive director with effect from 4 October 2012.
04-Jul-2012
(Official Notice)
Mr Robert Shaw has been appointed as an executive director with effect from 2 July 2012.
24-Apr-2012
(C)
Net revenue for the interim period jumped to R217.6 million (2011: R179.4 million). Operating profit increased to R21.7 million (2011: R12.7 million), while profit attributable to equity holders of the parent rose to R19.9 million (2011: R10.1 million). Furthermore, headline earnings per share doubled to 8cps (2011: 4cps).



Dividend

The board of directors of Conduit has not recommended any dividend payment to ordinary shareholders for the six months ended 29 February 2012 (2011: Nil).
19-Apr-2012
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Companies and Intellectual Property Commission in due course.
18-Apr-2012
(Official Notice)
A review by management of the financial results for the six months ended 29 February 2012 has indicated that operating profit, net profit before tax, attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows:

Feb 2012 - Feb 2011

* Operating profit : 21 726 - 12 671

* Net profit before tax (R'000) : 38 348 - 24 661

* Attributable earnings (R'000) : 19 888 - 10 063

* Headline earnings (R'000) : 20 438 - 10 052

* EPS (cents) : 7.8 - 4.0

* HEPS (cents) : 8.0 - 4.0

* NAV (cents) : 102.6 - 101.3



Conduit's unaudited interim results for the six months ended 29 February 2012, incorporating further commentary on all operating units, are expected to be released by the end of April 2012.
27-Mar-2012
(Official Notice)
Shareholders are hereby advised that Mr Stanley David Shane has resigned from the board of directors of Conduit as a non-executive director with effect from 26 March 2012.
30-Nov-2011
(Official Notice)
Shareholders were advised that the annual report for the year ended 31 August 2011 was dispatched on 29 November 2011 and contains no modifications to the condensed consolidated preliminary audited results published on 16 November 2011.



Notice was given that the annual general meeting of shareholders of Conduit will be held at Tulbagh, 360 Oak Avenue, Randburg, 2194 at 08:00 on Thursday, 19 April 2012 to conduct the business stated in the notice of annual general meeting, which is contained in the annual report.
16-Nov-2011
(C)
16-Nov-2011
(Official Notice)
Shareholders are referred to the cautionary announcements, the most recent of which was released on 17 October 2011 and are advised that as discussions as set out in the financial results announcement in paragraph 4 have been terminated, caution is no longer required to be exercised by shareholders when dealing in Conduit's securities.
03-Nov-2011
(Official Notice)
A review by management of the financial results for the year ended 31 August 2011 has indicated that net profit before tax, attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows:

*Net profit before tax (R'000) -- 31 August 2011: R 53 308 (31 August 2010: R29 595) -- 80.1% change

*Attributable earnings (R'000) -- 31 August 2011: R22 419 (31 August 2010: R11 389) -- 96.8% change

*Headline earnings (R'000) -- August 2011: R21 574 (31 August 2010: R11 392) -- 89.4% change

*EPS (cents) -- 31 August 2011: 8.96cps (31 August 2010: 4.55cps) -- 6.9% change

*HEPS (cents) -- 31 August 2011: 8.62cps (31 August 2010: 4.55) -- 89.5% change

*NAV (cents) -- 31 August 2011: 106.00cps (31 August 2010: 97.15cps) -- 9.1% change

*TNAV (cents) -- 31 August 2011: 87.58cps (31 August 2010: 78.66cps) -- 11.3% change

*Number of shares in issue net of treasury shares -- 31 August 2011: 250 277 000 (31 August 2010: 250 277 000 )

*Weighted number of shares -- 31 August 2011: 250 277 000 (31 August 2010: 250 277 000)



Conduit's results for the year ended 31 August 2011, incorporating further commentary on all operating units, are expected to be released mid-November 2011.
17-Oct-2011
(Official Notice)
Shareholders are referred to the cautionary announcement dated 20 April 2011 and its subsequent renewals, the last of which was dated 5 September 2011. The outcome of corporate activity will be communicated to shareholders on or before release of the company's annual financial statements during November 2011. Shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
05-Sep-2011
(Official Notice)
Shareholders were referred to the cautionary announcement dated 20 April 2011 and its subsequent renewals on 9 June 2011 and 22 July 2011. Corporate activity is ongoing and shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
22-Jul-2011
(Official Notice)
Shareholders are referred to the cautionary announcement dated 20 April 2011 and its subsequent renewal on 9 June 2011. Corporate activity is ongoing and shareholders were advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
09-Jun-2011
(Official Notice)
Shareholders were referred to the cautionary announcement dated 20 April 2011. Corporate activity is ongoing and shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
20-Apr-2011
(C)
Gross revenue rose to R510.9 million (R410.4 million). Operating profit jumped to R12.7 million (R6.7 million). Net attributable profit increased to R10.1 million (R6.9 million). In addition, headline earnings grew to 4.02cps (2.36cps).



Prospects and cautionary

Having stuck to management's plan and focused on fastening and improving underlying operations, Conduit has emerged from a number of difficult trading years and produced a gratifying result for the six months to February 2011. The numbers evidence a return to more stable and diversified profitability and although the business does have a few legacy issues to contend with, they are narrow in their scope and wholly distinct from ongoing operations. In the short term the emphasis at group level will be on considering appropriate means of returning capital to Conduit's shareholders. Although a delicate task, initiatives are underway to achieve this by year-end. Shareholders are accordingly advised to exercise caution when dealing in Conduit shares until a further announcement is made.
14-Apr-2011
(Official Notice)
A review by management of the financial results for the six months ended 28 February 2011 has indicated that net profit before tax, attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows:

Six months for 2011 - 2010:

* Net profit before tax (R'000): 24 661 - 15 331

* Attributable earnings (R'000): 10 063 - 6 946

* Headline earnings (R'000): 10 052 - 5 917

* EPS (cents): 4.02 - 2.78

* HEPS (cents): 4.02 - 2.36

* NAV (cents): 101.32 - 95.06

Conduit's unaudited interim results for the six months ended 28 February 2011, incorporating further commentary on all operating units, are expected to be released during the third week of April 2011.
13-Apr-2011
(Official Notice)
Shareholders are hereby advised that, as a result of his emigration, Harold Larry Prosser has resigned as an executive director of Conduit with effect from 13 April 2011.

16-Feb-2011
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit Capital held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.
25 Nov 2010 09:20:31
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 August 2010 was dispatched on 24 November 2010 and contains no material modifications to the condensed consolidated preliminary audited results published on 17 November 2010. Notice is hereby given that the annual general meeting of shareholders of Conduit Capital will be held at Tulbagh, 360 Oak Avenue, Randburg, 2194 at 08:00 on Wednesday, 16 February 2011 to conduct the business stated in the notice of annual general meeting, which is contained in the annual report.
17 Nov 2010 07:59:39
(C)
Gross revenue declined to R771.2 million (R816.4 million). Operating profit decreased to R9.7 million (R15.7 million). Net attributable profit fell to R11.4 million (R15.7 million). In addition, headline earnings on a per share basis was lower, at 4.55cps (5.78cps).



Outlook

The footing gained in the "... measured product, marketing, technology and distribution development initiatives" referred to in the 2009 annual report continues into 2011. Many of these undertakings were implemented successfully and are expected to steadily mature and make a meaningful contribution to the group's overall growth and development objectives. Conduit is confident that as these initiatives ripen and the company's strategies to counter the negative interest rate cycle and improve return on capital gain traction, Conduit will emerge poised for aggressive expansion.
11 Nov 2010 15:08:58
(Official Notice)
Shareholders are advised that Conduit has acquired 15 987 449 ordinary shares in Amalgamated Electronic Corporation Ltd ("Amecor") (representing 21.2% of Amecor's ordinary shares in issue, net of treasury shares) on the open market for a total purchase consideration of R21.294 million (''the acquisition''). Conduit is an investment holding company which, through its subsidiaries, operates in the insurance and risk, financial services and private equity arena.



Rationale for the acquisition

As an investment holding company, the acquisition signifies an important development in both furthering Conduit's private equity interests and diversifying the group's interests in pertinent sectors of the economy. Furthermore, it promotes operational diversity and increases earnings by approximately 0.8 cents per share.



Purchase consideration and effective date

The 20.5% stake in Amecor was acquired on 10 November 2010, being the effective date of the acquisition, at an average price of 133.19 cents per ordinary share. The total aggregate consideration of R21.294 million was settled in cash from Conduit's existing cash resources.



Conditions precedent

The acquisition was not subject to any conditions precedent.



Classification of the acquisition

The acquisition is classified as a category 2 announcement in terms of the Listings Requirements of the JSE.
04 Nov 2010 17:37:05
(Official Notice)
A review by management of the financial results for the year ended 31 August 2010 has indicated that net profit before tax, attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be as follows:



*Net profit before tax -- 31 August 2010: R29.6 million (31 August 2009: R36.1 million)

*Attributable earnings -- 31 August 2010: R11.4 million (31 August 2009: 15.7 million)

*Headline earnings -- 31 August 2010: R11.4 million (31 August 2009: R14.5 million)

*EPS -- 31 August 2010: 4.55cps (31 August 2009: 6.29cps)

*HEPS -- 31 August 2010: 4.55cps (31 August 2009: 5.78cps)

*NAV -- 31 August 2010: 97.15cps (31 August 2009: 92.65cps)

*TNAV -- 31 August 2010: 78.66cps (31 August 2009: 74.10cps)

*Number of shares in issue, net of treasury shares -- 31 August 2010: 250 277 000 (31 August 2009: 250 277 000)

*Weighted number of shares -- 31 August 2010: 250 277 000 (31 August 2009: 250 277 000)



Conduit's full results for the year ended 31 August 2010, incorporating further commentary on all operating units, are expected to be released during the second week of November 2010.
22 Sep 2010 14:36:17
(Official Notice)
The board of directors of Conduit Capital hereby notifies its shareholders that, with effect from 1 September 2010, the status of Mr Stanley David Shane has changed from that of executive director to non-executive director. Mr Shane retains his directorships in all subsidiary companies and remains the Managing Director of Conduit Fund Managers (Pty) Ltd.

05 May 2010 17:17:43
(C)
Gross revenue increased to R410 million (February 2009:R407 million). Operating profit decreased to R6.7 million (February 2009: R11.3 million), and profit attributable to ordinary shareholders declined to R6.9 million (February 2009: R7.3 million). In addition, headline earnings per share fell to 2.36cps (February 2009: 2.90cps).



Dividend

No dividend has been declared for the period under review.



Prospects

The group has made considerable headway in the recruitment of key personnel to drive growth in each of its business segments. In particular, Conduit welcome Larry Prosser to the main board and have every confidence that his skills and wealth of experience will serve us well for the future. The group have entered an exciting period in the development of Conduit Capital and are gradually returning to the roots as a strategic investment company. Whilst the remainder of this financial year will not be without its challenges, the group is now well structured, supported by a robust balance sheet and an executive team well equipped to meet its strategic objectives.
03 Mar 2010 18:06:46
(Official Notice)
Conduit Capital hereby notifies its shareholders that Mr Harold Larry Prosser has been appointed as an executive director with effect from 2 March 2010.
17 Feb 2010 12:26:38
(Official Notice)
Shareholders were advised that, at the annual general meeting of Conduit Capital held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the companies and intellectual property registration office in due course.
10 Dec 2009 14:49:22
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 August 2009 was dispatched on 27 November 2009 and contains no material modifications to the audited results published on 9 November 2009. Notice was given that the annual general meeting of shareholders of Conduit will be held at Tulbagh, 360 Oak Avenue, Randburg, 2194 at 08:00 on Wednesday, 17 February 2010 to conduct the business stated in the notice of annual general meeting, which is contained in the annual report.
09 Nov 2009 11:27:30
(C)
Gross revenue declined to R8 billion (R1.4 billion), however operating profit rose to R15.7 million (R15.2 million). Net profit attributable to ordinary shareholders increased to R15.7 million (R15.2 million). Headline earnings declined to 5.78cps (6.38cps).



Dividend

No dividend has been declared.



Prospects

For 2010, the challenge will be to embark on measured product, marketing, technology and distribution development initiatives. Accompanying this, more expansive strategy will be the ongoing investment in key individuals critical to the success of each programme. The implementation of these initiatives is a sound and necessary investment in the group's future but will require the group to incur costs and will take time to mature. Whilst the investment in people and resources is paramount to growth, opportunities are being sought to expand activities beyond existing scope.
08 Sep 2009 17:24:07
(Official Notice)
Mr Gavin Toet has been appointed as an executive director with effect from 8 September 2009.
07 May 2009 17:35:28
(C)
Revenue decreased from R940 194 million to R406 943 million in 2009.Operating profit increased to R11 265 million (2008:R4 932 million). Profit attributable to ordinary shareholders increased to R7 253 million (R2 710 million). Headline earnings on a per share basis grew to 2.89cps (2.02cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The group finds itself in the unique and favourable position where its capital significantly exceeds both its working capital requirements and any reasonable growth requirements. While this has been no mean feat in the current environment, the group are by no means content with our achievements. The group is of the view that the current environment, while challenging, offers good opportunities and the group intends to take advantage of these by appropriately expanding our insurance activities and gradually returning to an active investment strategy, both within and external to the insurance portfolio. To achieve this the group will seek out opportunities that match our skill set and investment appetite. The group envisages that this process will take time and is not expected to yield short term results, but the group is confident that the group will be able to find opportunities that will unlock significant value for the group over the medium to long term. This will in no way detract from our focus on the existing operations where the strong balance sheet and conservative policies have served the group well.
29 Apr 2009 16:33:58
(Official Notice)
Conduit expects earnings and headline earnings per share to increase by 141.67% to 2.9cps for the six months to 28 February 2009, from 1.2cps previously. Conduit's results for the six months ended 28 February 2009 are expected to be published during the first week of May 2009.
18 Feb 2009 10:50:40
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit Capital held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the companies and intellectual property registration office in due course.
01 Dec 2008 15:58:48
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 August 2008 was dispatched on 28 November 2008 and contains no material modifications to the reviewed results published on 17 November 2008.



Notice was also given that the annual general meeting of shareholders of Conduit Capital will be held at Tulbagh, 360 Oak Avenue, Randburg, 2194 at 08:00 on Wednesday, 18 February 2009 to transact the business stated in the notice of the annual general meeting, which is contained in the annual report.
17 Nov 2008 16:15:26
(C)
Gross revenue declined to R1.4 billion (R1.6 billion), however operating profit rose to R15.2 million (R8.5 million). Nevertheless, net profit attributable to ordinary shareholders dropped disappointingly to R15.2 million (R21.3 million). Headline earnings fell disastrously, more than halving, to 6.38cps (13.21cps).



Dividend

No dividend has been declared.



Prospects

Notwithstanding the improved results in the second half of the year, market conditions remain challenging. The group will therefore continue to focus on existing operations and will maintain a conservative investment strategy in the year ahead. Shareholders should take comfort in the fact that despite the existence of the financial crisis that is likely to continue into next year, Conduit's assets are liquid, well spread and exposure to equity markets is limited.
18 Sep 2008 12:38:44
(Official Notice)
Shareholders are advised that Conduit has disposed of its 50.05% interest in Gateway Capital Ltd ("Gateway") to KSO Financial Services (Pty) Ltd ("KSO") with effect from 31 July 2008. Gateway is an innovator in the short-term commercial bridging finance industry, offering specialised commercial, asset and property finance. Conduit has sold its shares in Gateway to KSO for an aggregate consideration of R16 400 000.
14 May 2008 09:14:20
(C)
Gross revenue increased to R952 million (R740.5 million). Operating profit more than doubled to R13.8 million (R6.4 million), however profit attributable to ordinary shareholders declined by more than half to R2.7 million (R8.6 million). In addition, headline earnings per share fell to 1.20cps (5.07cps).



Dividend

No dividend has been declared for the period under review.



Prospects

Whilst the volatile financial markets and the corrective action taken in the insurance book weighed heavily on Conduit's results for the 6 months to February 2008, the board is encouraged by positive developments within all major operating units. With cash and near-cash resources available for investment of approximately R110 million (in addition to working capital), Conduit is well funded and intends to focus on existing operations for the remainder of the financial year.
07 May 2008 16:39:32
(Official Notice)
Conduit Capital notifies its shareholders that Mr Paul Diamond, an executive director, and Ms Megan Kruger, a non-executive director, have resigned from the board with immediate effect.
29 Apr 2008 14:00:14
(Official Notice)
Shareholders are advised that, in respect of the 6-month period ended 29 February 2008, the financial results will differ by more than twenty percent from that of the previous corresponding period. Attributable earnings, headline earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net asset value per share ("NAV") and tangible net asset value per share ("TNAV") are expected to be lower than those for the corresponding period.



Despite disappointing results for the six months, Conduit is encouraged by positive developments within all the operating units. As at 29 February 2008 cash and near-cash resources available for investment exceeded R110 million (in addition to working capital); the group is therefore well positioned to avail itself of opportunities at the appropriate time. Interim results, with commentary on all operating units, will be published on SENS during the second week of May.
31 Mar 2008 18:41:21
(Official Notice)
Shareholders are advised that, at the annual general meeting of Conduit held today, all the resolutions were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the Registrar of Companies in due course.
04 Mar 2008 07:56:33
(Media Comment)
Business Report noted that the acquisition price of what is presently Conduit's largest subsidiary, Conduit Risk and Insurance Holdings, has been reduced by R28 million. This means that the initial purchase price is R95 million, and not the reported R123 million.
03 Mar 2008 11:14:13
(Official Notice)
Shareholders are advised that the audited financial statements for the 18 months ended 31 August 2007 will be posted on 3 March 2008. These financial statements contain no material modifications, other than those detailed below, to the reviewed results that were published on 30 November 2007. Grant Thornton have now completed their audit of the company?s annual financial statements and their report is available for inspection at Conduit's registered office. The audited financial statements differ from the reviewed financial statements, published on 30 November 2007, for the following reasons:

* loans that do not have a specified payment date were reclassified from non-current to current liabilities;

* a loan made by the minority shareholders of a subsidiary has been reclassified from non-current liabilities to minority shareholders` interest; and

* there was a reclassification between some of the operating expense line- items.

The above items are merely reclassifications and had no impact on earnings, headline earnings, or net asset value.
29 Feb 2008 14:24:03
(Official Notice)
The board of directors of Conduit Capital hereby notifies its shareholders that Mr Robert L Shaw has resigned as an executive director with effect from 29 February 2008. Robert will remain as a non-executive director on the boards of Conduit Risk and Insurance Holdings (Pty) Ltd ("CRIH"), the holding company of the group's insurance interests, as well as numerous subsidiary and associate companies within the CRIH group.
19 Jun 2006 15:56:45
(Official Notice)
Further to the cautionary announcement dated 3 May 2006, Conduit shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until a further announcement is made.
02 Jun 2006 17:45:16
(C)
Revenue rose to R6.5 million (R2.4 million) with investment income increasing R2.4 million (R0.4 million). After taxation of R2.7 million (R6.7 million) the group declared a loss of R21.9 million (R262 000) mostly due to a larger impairment of goodwill of R22.2 million (R215 000).



Prospects

The ARA acquisition and the pending implementation of the CICL transaction present significant prospects for the group.
14 Nov 2005 14:33:39
(Permanent)
Renamed from IMR Investments Ltd to Conduit Capital Ltd on 14 November 2005
03 May 2006 17:44:52
(Official Notice)
Shareholders are referred to the announcement dated 16 March 2006 in relation to the acquisition by Conduit of a significant controlling interest (in excess of 75%) in CICL. As indicated in the previous announcement Conduit is raising the cash portion of the purchase price payable in terms of the CICL transaction together with the amount required by Black Ginger 92 (Pty) Ltd (CICL's empowerment partner) to refinance its investment in CICL by a combination of preference share funding and the issue of Conduit shares for cash. Conduit has received commitments in respect of the majority of the capital required and is in discussions with various parties in respect of the balance. Based on these discussions Conduit is highly confident that it will have raised all the necessary capital by the date required, being 31 May 2006. All of the remaining conditions to the CICL transaction have been fulfilled save for the necessary regulatory and shareholder approvals.



Further cautionary announcement

The CICL transaction will have a material financial impact on Conduit, however the pro forma financial effects of the CICL transaction can only be determined once the terms of the funding have been finalised. Accordingly, shareholders are advised to continue exercising caution when dealing in the company' shares until a further announcement is made.
17 Mar 2006 12:02:26
(Official Notice)
14 Mar 2006 16:42:59
(Official Notice)
As announced on 16 January 2006, Conduit has concluded agreements in terms of which:

*it acquired a 40% stake in ARA; and

*it has been granted a conditional option to acquire a further 10% stake in ARA.

All of the conditions relating to the acquisition have been fulfilled



Although shareholders are no longer required to exercise caution in the context of the transactions, shareholders are advised that Conduit has entered into unrelated negotiations which, if successfully concluded, may have a material effect on the price of Conduit's shares. Accordingly, shareholders are advised to exercise caution when dealing in Conduit shares until a further announcement is made.

16 Jan 2006 17:57:53
(Official Notice)
Conduit has concluded an agreement with Mindfield Investments (Pty) Ltd to acquire 40% of ARA, a credit recovery and call centre service business, with effect from 1 November 2005. Conduit has also been granted options to purchase a further 10% shareholding in ARA from the minority shareholders to be exercised at any time up to 31 December 2006 with a condition that the group must have a 30% BEE shareholding. The purchase consideration is R4.98 million plus a deferred price equivalent to 5.67 times the amount by which ARA's profit after tax for the 24 months ended 28 February 2007 exceeds R4.85 million(subject to a maximum deferred price of R6.01 million) and provided that if ARA's profit after tax for the 12 months ended 28 February 2007 is less than R2.2 million, the deferred price will be nil. Conduit will pay R1.46 million in cash and issue 5 866 666 Conduit shares at 60cps. If there would be a deferred price, 29.49% of the price would be in cash and the balance would be paid in Conduit shares of 60cps. Shareholders are advised to continue exercising caution when dealing in the company's shares until a further announcement is made.
30 Nov 2005 17:56:00
(Official Notice)
Further to the cautionary announcement dated 17 October 2005, shareholders are advised that Conduit is at an advanced stage in negotiations with various parties, which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until further announcements are made.
30 Nov 2005 17:48:36
(C)
The period under review is the first operating period for the new management and directors of Conduit. It was characterised by significant restructuring and the successful conclusion of a number of outstanding issues by the group. Revenue increased to R5.1 million (R1.7 million) due to increased activity in the operating subsidiaries during the period. These amounts include unrealised gains on investments. Associate losses decreased to R68 000 (R279 000 loss) with interest paid rising to R9 000 (R1 000). The group showed a profit for the period of R452 000 (R4.7 million loss) with positive headline earnings of 0.55cps compared to the previous period's 5.59cps loss.



Dividend

No dividend was declared for the period.



Prospects

Conduit is satisfied with the progress made during the first six months under new management and will continue to explore opportunities to unlock shareholder value.
03 Nov 2005 16:40:07
(Official Notice)
Shareholders are advised that, at the general meeting of IMR shareholders held on Thursday, 3 November 2005, the resolutions approving:

*the change of name of the company to Conduit Capital Ltd; and

*the acquisition by the company of Marble Gold 213 (Pty) Ltd,

were passed by the requisite majorities of IMR shareholders present or represented and voting on the resolutions.
17 Oct 2005 13:16:38
(Official Notice)
Shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, shareholders are advised to exercise caution when trading in shares of the company on the JSE until a further announcement is made.
11 Oct 2005 13:17:48
(Official Notice)
Shareholders are referred to the announcement dated 31 May 2005 setting out details of the acquisition by the company of the entire issued share capital of Marble Gold 213 (Pty) Ltd and the change of name of the company to Conduit Capital Ltd. Both the acquisition and the change of name are subject to the requisite shareholder approval and in this regard a circular (incorporating a notice of general meeting) has been posted to shareholders today, 11 October 2005. The important dates and times relating to the general meeting and the change of name are set out below:



*Last day to lodge forms of proxy for shareholders by 09:00 -- Tuesday, 1 November

*General meeting of shareholders to be held at 09:00 -- Thursday, 3 November

*Results of general meeting released on SENS -- Thursday, 3 November

*Last day to trade in the name of IMR Investments Ltd -- Friday, 11 November

*Shares will trade in the new name with the ISIN ZAE000073128 and the share code CND from -- Monday, 14 November

*Record date for change of name -- Friday, 18 November

03 Oct 2005 09:15:55
(Official Notice)
Shareholders are advised that IMR has issued a total of 12.9m shares raising R5 842 000 in terms of the general authority granted to the directors to issue shares for cash at the annual general meeting held on 25 August 2004.



A review of the financial results for the six months ended 31 August 2005 by management has indicated that earnings per share and headline earnings per share of IMR will be between 100% and 120% higher than the previous corresponding period.
29 Aug 2005 17:45:41
(Official Notice)
IMR shareholders are referred to the circular dated 2 August 2005, containing details of the offer to IMR shareholders by a consortium comprising Paul Diamond, Jason Druian, Stanley Shane and their associates, to acquire all of the ordinary shares in IMR that they do not already own, for a purchase consideration of 9 cents per share. The offer closed on Friday, 26 August 2005 and was accepted in respect of 69 949 shares.
02 Aug 2005 18:00:39
(Official Notice)
Shareholders are referred to the announcement dated 31 May 2005 relating to a mandatory offer to IMR shareholders to acquire their shares at a price of 9c per share, the acquisition by the company of the entire issued share capital of Marble Gold 213 (Pty) Ltd (`the acquisition`) and the change of name of the company to Conduit Capital Ltd.



An offer circular has been sent to shareholders today, 2 August 2005, and accordingly the offer is now open.



The salient dates of the offer are set out below:

*Opening date of the offer (09h00) Tuesday, 2 August

*Last day to trade Friday, 19 August

*Shares trade `ex` the offer Monday, 22 August

*Record date/closing date of the offer (12h00) Friday, 26 August

*Results of offer to be announced on SENS Monday, 29 August

*Results of offer to be announced in the Tuesday, 30 August press

In terms of the acquisition, the company agreed to acquire the entire issued share capital of Marble Gold 213 (Pty) Ltd from Jason Druian and Paul Diamond (`the vendors`) for a purchase consideration payable by the issue of IMR shares at an issue price of 9c per share (`the issue price`). The previous announcement stated that the issue price was the price at which IMR shares were trading when the principal terms of the acquisition were agreed. This statement was imprecise as the principal terms of the acquisition were negotiated over a period and were not agreed on any particular date. For the sake of clarity the issue price was not based on the price at which IMR shares were trading on any particular date but was a price agreed between the vendors and the company.



A circular to shareholders relating to the acquisition and the change of name of the company to Conduit Capital is in the process of being approved by the JSE and will be posted to shareholders in due course.



Shareholders are advised that there is no longer a need to exercise caution when dealing in the company`s securities.
15 Jul 2005 12:55:17
(Official Notice)
Further to the cautionary announcement dated 31 May 2005, IMR shareholders are advised that the company is involved in negotiations, which, if successfully concluded, may have a material effect on the price at which the companys shares trade. Accordingly, IMR shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until a further announcement is made.
20-Jan-2015
(X)
Conduit Capital Ltd. is an investment holding company that, through its subsidiaries and associates, carries on business in the financial services industry with the main focus currently being on insurance.
02 Jan 2001 00:00:00
(Official Notice)
Renamed from The Appleton Group Ltd to IMR Investments Ltd on 2 Jan 01.


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