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14-Aug-2018
(C)
Revenue for the interim period increased 18% to R1.242 billion (2017: R1.051 billion), earnings before interest, taxation, depreciation and amortisation ("EBITDA") jumped 31% to R335 million (2017: R255 million), profit attributable to owners of the parent rose 24% to R138 million (2017: R111 million), while headline earnings per share from continuing operations grew 22% to 33.6 cents per share (2017: 27.6 cents per share).



Dividends

No dividend was declared for the period under review.



Prospects

The Board believes Curro is well positioned for growth and remains optimistic about its long-term prospects.



Directorate

Effective 10 August 2018, Zandile Nangamso (Nan) Mankai was appointed to the Curro Board as an independent non-executive director. Nan has been appointed as a member of the audit and risk committee.
02-Aug-2018
(Official Notice)
In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of directors of the Company (?the Board?) wishes to advise that Miss Zandile Nangamso Mankai (?Nan?) has been appointed as an independent non-executive director of the Company with effect from 10 August 2018.



23-Jul-2018
(Official Notice)
The company hereby advises that a reasonable degree of certainty exists that for the six months ended 30 June 2018:

* headline earnings per share (?HEPS?) will be between 32.3 cents and 34.2 cents, representing an increase of between 20% and 27% compared to the HEPS of 26.9 cents reported for the six months ended 30 June 2017; and

* earnings per share (?EPS?) will be between 32.3 cents and 34.2 cents, representing an increase of between 19% and 26% compared to the EPS of 27.2 cents reported for the six months ended 30 June 2017.



As previously announced, Curro unbundled its subsidiary Stadio Holdings (Pty) Ltd. (?Stadio?) on 3 October 2017 and Stadio is reported as a discontinued operation. The company?s continued operations, being the Curro schools business, is expected to report HEPS and EPS for the six months ended 30 June 2018 of between 32.3 cents and 34.2 cents per share compared to the 27.6 cents per share achieved for the prior corresponding period, being an increase of between 17% and 24%.



The audited results for the six months ended 30 June 2018 are expected to be published on or about 14 August 2018.
29-Jun-2018
(Official Notice)
04-Jun-2018
(Official Notice)
Shareholders are advised that the rating agency Global Credit Rating Company (?GCR?) has affirmed the national scale issuer long term rating assigned to Curro of BBB(ZA) but changed the outlook from stable to positive. GCR also upgraded the short term rating to A2(ZA), with a positive outlook.



The above is the result of favourable enrolment trends being supportive of a rapid increase in revenues and earnings margins over the review period, as well as additional factors considered by GCR. In addition, Curro?s liquidity position has strengthened, supported by the robust upward progression in cash flows over the review period and strong banking relationships, whilst there are no near-term refinancing requirements.
04-Jun-2018
(Official Notice)
Shareholders were advised that at the annual general meeting of the Company held on Monday, 4 June 2018 at Curro Durbanville School, CR van der Merwe School Hall, 1 Memento Drive, Sonstraal Heights, Cape Town (?AGM?), all of the resolutions were passed by the requisite majorities of the Company?s shareholders. ough SENS.
30-Apr-2018
(Official Notice)
Shareholders are hereby advised that Curro?s annual report, containing the audited financial statements for the year ended 31 December 2017, was dispatched to shareholders on Monday, 30 April 2018, and contains no modifications to the audited results which were announced on SENS on 19 February 2018. The annual report is also available at www.curro.co.za.



Notice of AGM

Notice is hereby given that the annual general meeting of Curro will be held at Curro Durbanville school, 1 Memento Drive, Sonstraal Heights, Cape Town on Monday, 4 June 2018 at 11h30, to transact the business as set out in the notice of the annual general meeting which forms part of the annual report.



The date on which shareholders must be recorded as such in the share register of the Company to be eligible to vote at the annual general meeting is Friday, 25 May 2018, with the last day to trade being Tuesday, 22 May 2018.



B-BBEE Compliance report

In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.curro.co.za.
17-Apr-2018
(Official Notice)
The board of directors of Curro advised shareholders that the Company has recently acquired Cooper College and Magic Beings Cr?che (?Cooper College Acquisition?).



Curro has concluded a sale agreement on or about 4 April 2018 in terms of which it will acquire 100% of the issued share capital of Cooper College (Pty) Ltd. (?Cooper College?) and related businesses within the Cooper College group, including a well-established cr?che, Magic Beings, and a number of immovable properties which are predominantly utilised by the Cooper College group for the purpose of carrying out its business operations.



The Cooper College Acquisition is subject to the fulfilment of certain conditions precedent, none of which are material or likely to impact the implementation of the transaction.



The Cooper College Acquisition is aligned with Curro?s intention to expand its geographical footprint in Gauteng and to extend its education offering.



Cooper College is a well-known private primary school that was established in 2008 and is situated in Randburg, Gauteng. It offers international education programmes and qualifications to learners from Grade 0 to Grade 7, currently comprising of approximately 1 000 enrolled learners.



Curro has plans to further develop the Cooper College campus and to construct a private high school for up to 650 learners.
12-Apr-2018
(Official Notice)
Shareholders are hereby advised that Mr Ian Isdale has been appointed Company Secretary with effect from 1 May 2018.



The appointment of Mr Isdale will be on an interim consultancy basis until such time that a full time Company Secretary is appointed.



The board is satisfied that Mr Isdale has the expertise, experience and time to fulfill his role as Company Secretary.
01-Mar-2018
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Ms Ronell van Rensburg has resigned as Curro company secretary with effect from 1 May 2018 to pursue other interest, including the completion of her Mphil degree. The board of Curro (?the Board?) will commence a process of identifying a suitable replacement candidate and shareholders will be advised as soon as such appointment has been made.
19-Feb-2018
(C)
Revenue for the year rose by 22% to R2.1 billion (R1.7 billion) while earnings before interest and taxation went up 26% to R342 million (R272 million). Profit attributable to owners grew 22% to R209 million (R172 million). Furthermore, headline earnings per share increased 10% to 48.1cps (43.9cps).



Dividends

Stadio was listed on the JSE and unbundled from Curro on 3 October 2017. The unbundling was accounted for as a dividend in specie in terms of section 46(1)(a)(ii) of the Companies Act, No. 71 of 2008, as amended, and section 46 of the Income Tax Act, No. 58 of 1962, as amended, and amounted to R345 million. The debit was accounted for as a decrease in retained earnings. Refer to the SENS of 9 October 2017 to understand the apportionment of tax cost with respect to the unbundling. Shareholders are advised to consult their own tax advisors in this regard.



No other dividends have been declared for the year under review.



Prospects

Curro will continue to take advantage of the significant growth opportunities in the education market both in SA and across our borders.
29-Jan-2018
(Official Notice)
Shareholders are hereby advised that Mr Douglas Ramaphosa has been appointed as an independent non-executive director to the board of Curro with effect from 26 January 2018.



09-Oct-2017
(Official Notice)
15-Sep-2017
(Official Notice)
06-Sep-2017
(Official Notice)
This notification is delivered by the Issuer to each holder of Notes (?Noteholders?) issued under the Issuer?s R2 000 000 000 Domestic Medium Term Note Programme (?Programme?) pursuant to the section headed ?Terms and Conditions of the Notes? (?Terms and Conditions?) in the programme memorandum dated 18 November 2013 and as amended and restated from time to time (?Programme Memorandum?), in accordance with Condition 19 (Notices) of the Terms and Conditions for the purposes of advising the Noteholders of the resignation of a Guarantor pursuant to Condition 8.6 (Resignation of a Guarantor) of the Terms and Conditions.



On 28 February 2017, the Issuer announced its intention to unbundle its higher education business, which is held through its subsidiary Stadio Holdings Ltd. (?Stadio?) and to list Stadio on the JSE. Embury Institute for Higher Education (Pty) Ltd. (registration number: 2004/031722/07) (?Embury?), forms part of such higher education business.



For purposes of, and in preparation for, the aforementioned unbundling, and since Embury does not constitute a Material Subsidiary (as defined in the Terms and Conditions), Embury has resigned as a Guarantor under the Programme, with effect from 25 August 2017.



Capitalised terms used herein which are not otherwise defined shall bear the meaning ascribed thereto in the Terms and Conditions.



15-Aug-2017
(C)
Revenue for the interim period rose by 24% to R1.1 billion (2016: R872 million). Earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 20% to R254 million (2016: R211 million). Profit attributable to owners of the parent shot up by 37% to R111 million (2016: R81 million). Furthermore, headline earnings per share increased by 22% to 26.9 cents per share (2016: 22 cents per share).



Dividend

No dividend has been declared for the period.



Company prospects

The fundamentals for the education sector remain strong and, over time, shareholders will be rewarded for the significant investment made.



Change in auditor

To ensure sufficient alignment with Curro Holdings? holding company, PSG Group Ltd., and with due regard to the requirement of Mandatory Audit Firm Rotation (MAFR), shareholders are hereby advised that a decision has been taken for Curro Holdings to change its external auditor to Pricewaterhouse Coopers Inc. with immediate effect. The Company extends its sincere appreciation to Deloitte - Touche for their services as auditor over the years.



19-Jul-2017
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six months ended 30 June 2017 will be between 26.4 cents and 27.5 cents per share compared to the 22.0 cents per share achieved for the prior corresponding period, being an increase of between 20% and 25%.



As previously announced, Curro intends to unbundle its subsidiary Stadio Holdings (Pty) Ltd. (?Stadio?). Given the current development phase of Stadio, substantial expansion cost has been incurred. Should Stadio be excluded from the company?s performance, the Curro schools business EPS and HEPS per share for the six months ended 30 June 2017 will be between 27.1 cents and 28.2 cents per share compared to the 20.2 cents per share achieved for the prior corresponding period, being an increase of between 34% and 40%.



The financial results for the six months ended 30 June 2017 are expected to be published on or about 15 August 2017.
26-Jun-2017
(Media Comment)
Business Day reported that Curro has set a long-term expansion target of 500 schools by 2030. CEO Chris van der Merwe announced the target at the AGM in Stellenbosch on 23 June 2017. Van der Merwe commented that the private school market in SA lagged those in other countries globally. Independent schools made up nearly 20% of the total number of schools, compared with just 4.4% in SA.
23-Jun-2017
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the company held today, 23 June 2017, at Spier Wine Estate, Baden Powell Drive, Stellenbosch (?Annual General Meeting?), all of the proposed ordinary and special resolutions were passed by the requisite majority of votes cast by Curro shareholders present or represented by proxy.





22-Jun-2017
(Official Notice)
Shareholders are hereby informed that Curro, through its wholly owned subsidiary, Stadio, has entered into an agreement to acquire 74% of the issued share capital of SBS, which will hold a 51% interest in Southern Business School of Namibia (?Acquisition?). The Acquisition is subject to the fulfilment of certain conditions precedent, including the approval of the requisite competition authorities.



SBS is a South African registered higher education institution, with SBS Namibia being recognised by the Namibian Qualification Authority. SBS has 11 accredited distance learning programmes (ranging from higher certificates to masters? degrees) with three academic schools which offer dedicated programmes as well as short courses, namely the School of Business and Economics, the School of Safety in Society and the School of Law.



Founded by Chris Vorster in 1996, the business school offers accredited programmes through distance learning, and has grown from 38 students in 1996 to approximately 9 956 students currently enrolled in South Africa and Namibia. In 2016, SBS launched a Bachelor of Commerce (Law) degree as part of its strategy to expand its range of programmes offered. SBS will seek out growth opportunities by introducing new programmes as well as increasing its presence and reach geographically.



This strategy is aligned with Stadio?s strategy of creating further access to tertiary education through the expansion and development of its core brands.



Curro re-affirms its intention to unbundle and list Stadio separately during the course of this year. Shareholders are advised that further details in respect of such unbundling and listing will be released on SENS in due course.
08-Jun-2017
(Official Notice)
Shareholders are hereby informed that Curro, through its wholly owned subsidiary, Stadio, has acquired 100% of the issued share capital of AFDA (?Acquisition?). The Acquisition is subject to the fulfilment of certain conditions precedent, including the approval of the Competition Tribunal.



AFDA is a South African registered higher education institution, with 9 accredited programmes (ranging from higher certificates to masters? degrees) primarily focused on the film, television and live performance industry. It is rated as the number one film school in Africa.



Curro re-affirms its intention to unbundle and list Stadio separately during the course of this year. Shareholders are advised that further details in respect of such unbundling and listing will be released on SENS in due course.
06-Jun-2017
(Official Notice)
Curro announced that Dr Chris van der Merwe has been appointed as the Group Chief Executive Officer of Curro?s tertiary education business, Stadio Holdings (Pty) Ltd. (?Stadio Holdings?), with effect from 1 July 2017. Stadio Holdings is an investment company which focuses on expansion and development in the tertiary education space, through its various brands. The vision of Stadio Holdings is to widen access to tertiary education through both contact and distance learning.



As announced on SENS on 28 February 2017, Dr Chris van der Merwe will continue to serve as a non-executive director on the board of directors of Curro and will act as strategic advisor to Curro with effect from 1 July 2017.



Curro herewith re-affirms its intention to unbundle and list Stadio Holdings separately during the course of this year. Shareholders are advised that further details in respect of such unbundling and listing will be released on SENS in due course.
31-May-2017
(Official Notice)
Shareholders are advised that the rating agency Global Credit Rating Company (?GCR?), having upgraded Curro?s long-term rating in May 2016, has affirmed the national scale issuer ratings assigned to Curro of BBB(ZA) and A2(ZA), in the long term and short term respectively, with the outlook for both ratings accorded as stable. The above is the result of Curro?s strong performance in the 2016 financial year, as well as additional factors considered by GCR.
23-May-2017
(Official Notice)
Noteholders are hereby advised that the Company?s annual financial statements for the year ended 31 December 2016, are available on the Company?s website at www.curro.co.za or may be requested and obtained in person, at no charge, at the registered office of the Company during office hours.
19-May-2017
(Official Notice)
Shareholders are hereby advised that Curro?s annual report, containing the audited financial statements for the year ended 31 December 2016, was dispatched to shareholders on 19 May 2017, and contains no modifications to the reviewed results which were announced on SENS on 28 February 2017. The annual report is also available at www.curro.co.za.



Notice is hereby given that the annual general meeting of Curro will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 23 June 2017 at 09h20, to transact the business as set out in the notice of the annual general meeting which forms part of the annual report.



The date on which shareholders must be recorded as such in the share register of the company to be eligible to vote at the annual general meeting is Thursday, 15 June 2017, with the last day to trade being Monday, 12 June 2017.



28-Feb-2017
(C)
Revenue for the year went up 27% to R1.8 billion (R1.4 billion) whilst earnings before interest and taxation were 35% higher at R279 million (R207 million). Profit attributable to owners jumped 76% to 172 million (R98 million). Furthermore headline earnings per share rose by 55% to 43.9cps (28.3cps).



Dividend

No dividend has been declared for the year under review.



Prospects

Curro remains optimistic about the growth prospects for the education sector .

02-Feb-2017
(Official Notice)
In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous comparable period.



Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that the Company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ended 31 December 2016 will be between 43.1 cents and 47.1 cents per share compared to the 27.8 cents and 28.3 cents respectively (restated from 28.2 cents and 28.7 cents respectively as a result of the rights issue in May 2016) achieved for the prior corresponding period, being an increase of between 52% and 67%.



The financial information on which this trading statement is based has not been reviewed and reported on by Curro?s auditor. The financial results for the year ended 31 December 2016 are expected to be published on or about 28 February 2017.

21-Nov-2016
(Official Notice)
Shareholders are hereby informed that Curro, the JSE-listed independent school group with 47 campuses or 110 schools and more than 42 000 learners, acquired, via its wholly-owned subsidiary The Embury Institute for Higher Education (Pty) Ltd. (?Embury?), previously known as Embury Institute for Teacher Education, a 50% stake in BA Isago University. Embury is a registered and accredited institute for higher education focusing primarily on teacher education.



BA ISA University was established in Botswana in 2002 and operates from four campuses - Gaborone, Fancistown, Serowe and Maun. It has about 3 000 students and intends to expand to accommodate about 6 000 students. The BA Isago University acquisition aligns with Curro?s business strategy and offers a strong Faculty of Education.



The transaction is subject to the fulfilment of various conditions precedent. Curro will fund the transaction by means of existing cash reserves and bank loans.



Curro?s vision is to have 200 schools /80 campuses by 2020.



16-Aug-2016
(C)
Revenue for the interim period rose by 24% to R872 million (2015: R705 million). Earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 29% to R211 million (2015: R164 million). Profit attributable to owners of the parent shot up by 59% to R81 million (2015: R51 million). Furthermore, headline earnings per share increased by 51% to 22 cents per share (2015: 14.5 cents per share).



Dividend

No dividend has been declared for the period.



Prospects

Curro has an attractive pipeline of new opportunities and remains on track to achieve its vision of "80@20", being 80 campuses (200 schools) by 2020.

22-Jul-2016
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six months ended 30 June 2016 will be between 21,2 cents and 22,7 cents per share compared to the 14,5 cents (restated from 14,8 cents as a result of the rights issue in May 2016) achieved for the prior corresponding period, being an increase of between 46% and 56%.



The rights issue concluded during May 2016 requires the results for the corresponding six months ended 30 June 2015 to be restated. Based on the previous published EPS and HEPS of 14,8 cents for the prior corresponding period, Curro expects an increase of between 44% and 54% in EPS and HEPS.



The financial information on which this trading statement is based has not been reviewed and reported on by Curro?s auditor.



The financial results for the six months ended 30 June 2016 are expected to be published on or about 16 August 2016.



24-Jun-2016
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held 24 June 2016, at Spier Wine Estate, Baden Powell Drive, Stellenbosch (?Annual General Meeting?), all of the proposed ordinary and special resolutions were passed by the requisite majority of votes cast by Curro shareholders present or represented by proxy. The presentation by the CEO at the Annual General Meeting will be available on Curro?s website at www.curro.co.za
02-Jun-2016
(Official Notice)
Noteholders are hereby advised that the company?s Annual Financial Statements for the year ended 31 December 2015 are available on the company?s website at www.curro.co.za or may be requested and obtained in person, at no charge, at the registered office of the company during office hours.
31-May-2016
(Official Notice)
Curro advised shareholders that the rating agency Global Credit Rating Company (?GCR?) upgraded Curro?s national scale issuer long term rating to BBB(ZA) (previously BBB-) today, with the short term rating affirmed at A3(ZA), and the outlook accorded as stable.



This is the result of Curro?s strong performance in the 2015 financial year as well as additional factors considered by GCR.



This is the highest credit rating Curro has received to date.
25-May-2016
(Official Notice)
Shareholders are hereby advised that Curro?s annual report, containing the audited financial statements for the year ended 31 December 2015, was dispatched to shareholders today, 25 May 2016, and contains modifications to the reviewed provisional results which were announced on SENS on 23 February 2016 and reclassification as disclosed in Curro?s SENS announcements dated 18 April 2016 and 16 May 2016. The annual report is also available at www.curro.co.za.



Notice of annual general meeting of Curro

Notice is hereby given that the annual general meeting of Curro will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 24 June 2016 at 09h20, to transact the business as set out in the notice of the annual general meeting which forms part of the annual report.



The date on which shareholders must be recorded as such in the share register of the Company to be eligible to vote at the annual general meeting is Friday, 17 June 2016, with the last day to trade being Thursday, 9 June 2016.
16-May-2016
(Official Notice)
Shareholders are referred to the announcements published on the JSE Ltd. Stock Exchange News Service on 30 March 2016 and 8 April 2016 and the circular dated 19 April 2016 (?Circular?) relating to the Curro rights offer to raise R1 070 603 325 (?Rights Offer?). In terms of the Rights Offer, Curro offered 32 442 525 new Curro ordinary shares (?Rights Offer Shares?) to qualifying Curro ordinary shareholders in the ratio of 9.09091 Rights Offer Share for every 100 Curro ordinary shares held on the Rights Offer record date, being Friday, 22 April 2016. PSG Financial Services Ltd. (?the Underwriter?) irrevocably undertook to follow its rights entitlement and to underwrite the balance of the Rights Offer.



The results of the Rights Offer, which closed on Friday, 13 May 2016, are as follows:

Number of Rights Offer Shares and % of Rights Offer Shares

*Rights Offer Shares available for subscription -- 32 442 525; 100%

*Rights Offer Shares subscribed for by Curro shareholders -- 31 074 141; 95.8%

*Rights Offer Shares to be issued to the Underwriter -- 1 368 384; 4.2%



Shareholders who have subscribed for Rights Offer Shares are referred to the section of the Circular titled ?Action Required by Shareholders? in connection with determining the date on which they will receive their Rights Offer Shares.



Audited results fro the year ended 31 December 2015

Shareholders are referred to Curro?s reviewed provisional results for the year ended 31 December 2015 released on SENS on 23 February 2016 (?Results Announcement?) and the subsequent update to the provisional results for the year ended 31 December 2015 released on SENS on 18 April 2016.



Shareholders are hereby advised that the company?s deferred tax asset and liability balances disclosed in the audited financial results for the year ended 31 December 2015 have been modified to be consistent with those balances previously disclosed in the Results Announcement. The relevant modifications had no impact on reported profitability, equity or cash flows.



Accordingly, the company?s consolidated deferred tax asset and liability balances at 31 December 2015 amounted to Rnil (2014: Rnil) and R189 million (2014: R166 million), respectively.



Shareholders are hereby advised that the company?s audited financial statements for the year ended 31 December 2015 are available at www.curro.co.za.
18-Apr-2016
(Official Notice)
Shareholders are referred to Curro?s reviewed provisional results for the year ended 31 December 2015 released on SENS on 23 February 2016 (?Results Announcement?). Shareholders are hereby advised that the Company?s audited financial results for the year ended 31 December 2015 contain no modifications from the Results Announcement, save for the minor changes to deferred income tax asset and deferred income tax liability.



The aforementioned differences arose due to the reclassification of deferred tax asset and liability balances in order to correct offsetting. The net deferred tax liability remained unchanged. The aforementioned modifications had no impact on previously reported profitability, equity or cash flows. Shareholders are hereby advised that the Company?s audited financial statements for the year ended 31 December 2015 are available at www.curro.co.za.
08-Apr-2016
(Official Notice)
30-Mar-2016
(Official Notice)
23-Feb-2016
(C)
Revenue for the year jumped 38% to R1.4 billion (R1 billion). EBITDA shot up 52% to R292 million (R192 million), while EBIT rose to R207 million (R134 million). Profit attributable to owners shot to R123 million (R52 million). In addition, headline earnings per share grew by 67% to 28.7cps (17.2 cps).



Dividend

No dividends have been declared for the period under review.



Prospects

Curro believes in the long-term potential of South Africa and remains on track to achieve its target of 200 schools (80 campuses) by 2020.

27-Jan-2016
(Official Notice)
Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that the Company?s earnings per share (EPS) and headline earnings per share (HEPS) for the year ended 31 December 2015 will be between 26,5 cents and 29,0 cents per share compared to the 17,2 cents (restated from 17,7 cents as a result of the rights issue in May 2015) achieved for the prior corresponding period, being an increase of between 54% and 69%.



The rights issue concluded during May 2015 requires the results for the corresponding year ended 31 December 2014 to be restated. Based on the previous published EPS and HEPS of 17,7 cents for the prior corresponding period, Curro expects an increase of between 50% and 64% in EPS and HEPS. The financial information on which this trading statement is based has not been reviewed and reported on by Curro?s auditor. The financial results for the year ended 31 December 2015 are expected to be published on or about 23 February 2016.
09-Dec-2015
(Official Notice)
Curro has, through its wholly owned subsidiary, The Embury Institute for Teacher Education (Pty) Ltd (?Teacher College?), secured a property in KwaZulu-Natal (?Property?) for the expansion of its current campus to accommodate 2 200 students, which campus currently has a maximum capacity of 750 students.



Curro will advance funds to the Teacher College to enable it to settle the purchase price payable in respect of the Property and to complete the planned expansion and construction on the Property. The total amount of the funds to be advanced by Curro will be approximately R150 million.



In this regard, Curro hereby gives notice in terms of section 45(5) of the Companies Act, No. 71 of 2008, as amended (?Companies Act?) that on 27 November 2015 Curro?s board of directors (?Board?) authorised the Company to provide a loan to the Teacher College. The Board, prior to authorising the aforementioned financial assistance, considered and satisfied itself, in terms of section 45 of the Companies Act, that:

*immediately after providing the financial assistance, the Company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act;

*there has been due compliance with the Company?s memorandum of incorporation; and

*the terms of the financial assistance are fair and reasonable to the Company.



The abovementioned financial assistance is granted in terms of the authority that was provided to the Board by shareholders at Curro?s annual general meeting on 19 June 2015.



08-Dec-2015
(Official Notice)
Shareholders are referred to Curro?s voluntary announcement dated 22 September 2015, in which it announced its acquisition of Windhoek Gymnasium for an enterprise value of R180 million. Windhoek Gymnasium was established in 2006 and is a leading independent school in Namibia.



Curro confirms that the acquisition has now received the unconditional approval of the Namibian Competition Commission. It is anticipated that the acquisition will be implemented by 1 February 2016, following the fulfilment of the final conditions precedent to the transaction.



Curro will be acquiring Windhoek Gymnasium via Curro?s wholly-owned Namibian subsidiary, TLP Investments One Six Eight (Pty) Ltd. (?TLP?), which is to be renamed Curro Education Namibia (Pty) Ltd.



Curro will advance funds to TLP to enable TLP to settle the purchase price in accordance with the terms of the sale agreement. In this regard, Curro hereby gives notice in terms of section 45(5) of the Companies Act, No. 71 of 2008, as amended (?Companies Act?) that on 27 November 2015 Curro?s board of directors (?Board?) authorised the company to provide a loan to TLP to fund such purchase consideration and associated costs, as well as further expansion and improvements. The Board, prior to authorising the aforementioned financial assistance, considered and satisfied itself, in terms of section 45 of the Companies Act, that:

* immediately after providing the financial assistance, the company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act;

* there has been due compliance with the company?s memorandum of incorporation; and

* the terms of the financial assistance are fair and reasonable to the company.



The abovementioned financial assistance is granted in terms of the authority that was provided to the Board by shareholders at Curro?s annual general meeting on 19 June 2015.
22-Sep-2015
(Official Notice)
Curro, the JSE-listed independent schools group with 42 campuses and more than 36 000 learners, wishes to announce its acquisition of the prestigious Windhoek Gymnasium for an enterprise value of R180 million. Windhoek Gymnasium was established in 2006 and is a leading independent school in Namibia.



The vendors are a non-profit organisation and will, following the acquisition, utilise the capital surplus of the purchase amount to promote education in Namibia.



Windhoek Gymnasium currently accommodates 1 509 learners. Curro wishes to expand the current campus with additional facilities and land in order to grow the campus to 2 600 learners.



Windhoek Gymnasium?s ethos, values and norms are aligned with those of Curro, which makes it a very suitable acquisition as a Select school in the Curro portfolio.



The transaction is subject to the fulfilment of various conditions precedent, including the approval of Namibia?s competition commission.



Curro will make use of its existing cash reserves and bank loans to finance the acquisition.



Curro?s vision is to have 80 campuses by 2020 accommodating 90 000 learners.
18-Aug-2015
(Official Notice)
Noteholders are hereby advised that the company?s unaudited interim results for the six months ended 30 June 2015 are available on the company?s website at www.curro.co.za or may be requested and obtained in person, at no charge, at the registered office of the company during office hours.
14-Aug-2015
(Media Comment)
According to Business Report private education group, Curro Holdings, has reported a strong improvement in interim earnings on the back of growth in its number of schools and the pupils in the group. New projects also include Curro Castles to be built in both Douglasdale and Bryanston in Johannesburg, and a new campus in Embury Institute for Teacher Education. In addition, the group will be improving existing campuses to the value of R600 million, with extra classrooms and sport and cultural facilities. Thirteen campuses will get improvements for R10 million each.
13-Aug-2015
(C)
Revenue for the interim period increased by 45% to R705 million (2014: R487 million). Earnings before interest, taxation, depreciation and amortisation (EBITDA) shot up by 69% to R164 million (2014: R97 million), profit attributable to owners of the parent was 82% higher at R51 million (2014: R28 million). Furthermore, headline earnings per share grew by 68% to 14.8cps (2014: 8.8cps).



Prospects

Curro remains on track to achieve its vision of '80@20', being 80 campuses (200 schools) and accommodating 90 000 learners by 2020.
29-Jul-2015
(Official Notice)
23-Jul-2015
(Official Notice)
Shareholders are referred to the Company?s announcement dated 22 July 2015 and are advised that Curro has resubmitted its conditional firm intention offer to the board of Advtech Ltd. (?Advtech?), on 23 July 2015, containing terms similar to those detailed in the abovementioned announcement, including a 50% cash underpin for Advtech shareholders who do not wish to accept Curro shares in consideration for their Advtech shares. This means that minority shareholders will likely be able to receive 100% cash, as many of the major Advtech shareholders have indicated a preference for Curro shares.



Curro shareholders should continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
22-Jul-2015
(Official Notice)
22-Jul-2015
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six month period ended 30 June 2015 will be between 14.1 cents to 15.0 cents per share compared to the 8.8 cents (restated from 9.0 cents as a result of the rights issue in May 2015) achieved for the prior corresponding period, being an increase of between 60% and 70%.



The rights issue concluded during May 2015 requires the results for the corresponding six month period ended 30 June 2014 to be restated. Based on the previous published EPS and HEPS of 9,0 cents for the prior corresponding period, Curro expects an increase of between 57% and 67% in EPS and HEPS.



The financial results for the six month period ended 30 June 2015 are expected to be published on or about 13 August 2015.
15-Jul-2015
(Official Notice)
Shareholders are referred to the Company?s cautionary announcement dated 12 June 2015. Further to press reports and public speculation, Curro confirms that it is in discussions with Advtech Ltd.



Shareholders are advised to exercise caution when dealing in the Company?s securities until a full announcement is made regarding the above.
03-Jul-2015
(Media Comment)
Business Report highlighted that Curro Holdings is positive about meeting and perhaps exceeding its vision of 80 schools by 2020. Curro Chief executive Chris van der Merwe said starting off the current year with 42 schools and accommodating 36 000 learners meant that Curro had reached its pre-listing statement's promise of 40 schools by 2020, five years ahead of schedule. The group has a target of developing seven new schools per annum.
02-Jul-2015
(Official Notice)
Noteholders are hereby advised that the Company?s Annual Financial Statements for the year ended 31 December 2014 are available on the Company?s website at www.curro.co.za or may be requested and obtained in person, at no charge, at the registered office of the Company during office hours.
19-Jun-2015
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the company held at 09h10 today, 19 June 2015, at Spier Wine Estate, Baden Powell Drive, Stellenbosch (?Annual General Meeting?), all of the proposed ordinary and special resolutions were passed by the requisite majority of votes cast by Curro shareholders present or represented by proxy.
12-Jun-2015
(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.
21-May-2015
(Official Notice)
Shareholders are hereby advised that Curro?s annual report, containing the audited financial statements for the year ended 31 December 2014, was dispatched to shareholders on 21 May 2015, and contains no modifications to the reviewed provisional results which were announced on SENS on 17 February 2015. The annual report is also available at www.curro.co.za.



Notice is hereby given that the annual general meeting of Curro will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 19 June 2015 at 09h10, to transact the business as set out in the notice of the annual general meeting which forms part of the annual report.



The date on which shareholders must be recorded as such in the share register of the Company to be eligible to vote at the annual general meeting is Friday, 12 June 2015, with the last day to trade being Friday, 5 June 2015.
11-May-2015
(Official Notice)
Shareholders are referred to the announcements published on SENS on 17 February 2015 and 30 March 2015 and the circular dated 14 April 2015 (?Circular?) relating to the Curro rights offer (?Rights Offer?). In terms of the Rights Offer, Curro offered 29 599 681 new Curro ordinary shares (?Rights Offer Shares?) to qualifying Curro ordinary shareholders in the ratio of 1 Rights Offer Share for every 11 Curro ordinary shares held on the Rights Offer record date, being Friday, 17 April 2015. The Rights Offer was partially underwritten by PSG Financial Services Ltd. (?the Underwriter?) up to a maximum of 12 290 180 Curro ordinary shares.



The results of the Rights Offer, which closed on Friday, 8 May 2015, are as follows:

Number of Rights Offer Shares - % of Rights Offer Shares

* Rights Offer Shares available for subscription: 29 599 681 - 100%

* Rights Offer Shares subscribed for by Curro shareholders: 29 373 317 - 99.24%

* Rights Offer Shares to be issued to the Underwriter: 226 364 - 0.76%



Shareholders who have subscribed for Rights Offer Shares are referred to the section of the Circular titled ?Action Required by Shareholders? in connection with determining the date on which they will receive their Rights Offer Shares.
30-Mar-2015
(Official Notice)
17-Feb-2015
(C)
Revenue for the year jumped 52% to R1 billion (R659 million). EBITDA shot up 68% to R192 million (R113 million), while EBIT rose to R134 million (R77 million). Profit attributable to owners shot to R55 million (R37 million). In addition, headline earnings per share grew by 38% to 17.7cps (12.8 cps).



Dividend

No dividends have been declared for the period under review.



Prospects

Curro remains on track to achieve its target of 80 schools by 2020.
06-Feb-2015
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the Company?s headline earnings per share for the year ended 31 December 2014 will be between 17,0 cents to 18,3 cents per share compared to the 12,8 cents reported in the prior year, being an increase of between 33% and 43%.



Shareholders are further advised that it is expected that the Company?s basic earnings per share for the year ended 31 December 2014 will be between 16,8 cents to 18,1 cents per share compared to the 12,9 cents reported in the prior year, being an increase of between 30% and 40%. The financial information on which this trading statement is based has not been reviewed and reported on by Curro?s auditor. The financial results for the year ended 31 December 2014 are expected to be published on or about 17 February 2015.



Voluntary announcement

As at the previous reporting announcement on 5 August 2014 Curro had 28 899 learners across 32 campuses. Curro now has 42 campuses with 36 012 learners.

08-Dec-2014
(Official Notice)
The board of directors of Curro (?the Board?), as is usual where a group operates through a holding company, decided at its meeting held on 28 November 2014, to provide loans totaling R7.4 million for purposes of further expansions and improvements to Campus and Property Management Company Proprietary Limited (?CAPMAC?) (a subsidiary of the Company) and Professional Sourcing Procurement Assist Proprietary Limited (?PSPA?) (an associate of the Company). The disclosure contained herein merely constitutes the obligatory notification to shareholders in terms of section 45(5) of the Companies Act, 71 of 2008, as amended (?Companies Act?) which requires that the Company inform shareholders when financial assistance exceeding one tenth of one percent of the Company?s net worth is granted to a related or inter-related entity of the Company.



Accordingly, notice is hereby given in terms of section 45(5) of the Companies Act that the Board authorised the Company to provide financial assistance to CAPMAC and PSPA, as set out above, pursuant to the authority granted to the Board by shareholders at the annual general meeting of the Company, held on 20 June 2014.



The Board, prior to authorising the aforementioned financial assistance considered and satisfied itself, in terms of section 45 of the Companies Act, that:

1. immediately after providing the financial assistance, the Company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act;

2. there has been due compliance with the with the Company?s memorandum of incorporation; and

3. the terms of the financial assistance are fair and reasonable in relation to the Company.
02-Dec-2014
(Official Notice)
Curro Holdings, a JSE listed independent schools group, has further strengthened its presence in KwaZulu-Natal (KZN) with the acquisition of one of the oldest independent schools in the country, the 123 year- old St Dominic's in Newcastle.



St Dominic's will be the 41st independent school carrying the Curro flag. With this Curro has reached its objective in its prelisting statement of 40 schools by 2020 five years earlier. This vision has in the meantime shifted to 80 Curro schools by 2020.



The transaction is for an undisclosed amount, but includes an undertaking by Curro to provide the school with an Astro Turf and additional sports facilities, as well as a heated swimming pool. Curro will also further develop existing facilities in order to accommodate future growth and to allow for an increase in the number of learners from the current 560 to about 900.



Announcing the transaction, Curro CEO Dr Chris van der Merwe said that the Curro brand is already well established in KZN with the acquisition of Durban based Embury College and Hillcrest Christian Academy in February 2012, the Embury Institute for Teacher Education (EITE) in March 2013 and Grantleigh in December 2013.



Curro also established Curro Mount Richmore in Ballito, Durban earlier this year and added a high school facility to the existing Hillcrest campus.



Dr Van der Merwe emphasised that St Dominic's Academy Newcastle will be incorporated into the group as a select Curro school.



The St Dominic's transaction will bring the total number of Curro learners in KZN to about 5 000.
05-Aug-2014
(C)
Revenue for the interim period soared to R487.2 million (R315.6 million). Earnings before interest, taxation, depreciation and amortisation ("EBITDA") shot up to R96.7 million (R51.3 million), while profit attributable to owners of the parent came in at R27.3 million (R14.1 million). Furthermore, headline earnings per share increased to 9.0cps (5.1cps).



Dividends

No dividend has been declared for the period under review. As soon as cash generated exceeds capital requirements, dividends will be paid.



Prospects

As a result of the proven demand for the variety of schools that is being offered by Curro, the Company should, by year end, achieve its pre-listing statement target of 40 schools. This is 5 years ahead of the Company's initial schedule. Curro also remains on track to achieve its revised target of 80 schools by 2020.
24-Jul-2014
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report attributable and headline earnings per share of between 8.2 cents and 9.2 cents for the six months ended 30 June 2014, as opposed to the attributable and headline earnings per share of 5.3 cents, published in the previous corresponding period.



The interim financial results for the six months ended 30 June 2014 are expected to be published on or about 05 August 2014.
23-Jun-2014
(Official Notice)
Shareholders are referred to the announcements published on SENS on 18 February 2014, 2 April 2014 and 2 May 2014 and the circular dated 3 June 2014 relating to the Curro rights offer ("Rights Offer"). In terms of the Rights Offer, Curro offered 29 479 439 new Curro ordinary shares ("Rights Offer Shares") to qualifying Curro ordinary shareholders in the ratio of 1 Rights Offer Share for every 10 Curro ordinary shares held on the Rights Offer record date, being Friday, 6 June 2014. The Rights Offer was partially underwritten by PSG Financial Services Ltd. ("PSG" or "the Underwriter") up to a maximum of 12 651 382 Curro ordinary shares. 99.6% of Rights Offer Shares were subscribed for by Curro shareholders.



For Curro shareholders who have subscribed for the Rights Offer:

*share certificates will be posted to the holders of certificated Curro shares on or about Monday, 23 June 2014; and

*the Central Securities Depository Participant ("CSDP") or broker accounts of holders of dematerialised Curro shares will be credited with the Rights Offer Shares and debited with any payments due on Monday, 23 June 2014.
20-Jun-2014
(Official Notice)
Shareholders are hereby advised that the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at Curro's annual general meeting held on 20 June 2014.
03-Jun-2014
(Official Notice)
As previously announced, Curro concluded a joint venture in 2012 with the Schools and Education Investment Impact Fund of South Africa (Seiifsa) and Old Mutual Investment Group of South Africa, the initial capital investment by investors of the venture being R440 million, with Curro's portion being R44 million.



Through this joint venture additional funding of about R188 million is being provided for further expansions at the Meridian schools, the properties which are owned by Campus and Property Management company (Pty) Ltd. (CAPMAC), a subsidiary of Curro. Curro's portion of the additional funding in terms of the joint venture is R18.4 million.



The following disclosure constitutes the obligatory notification to shareholders in terms of the Companies Act, 71 of 2008, as amended which requires that the company inform shareholders when financial assistance is granted to a related or inter-related entity to the company:



Furthermore notice is hereby given in terms of section 45(5)(a) of the Companies Act, 71 of 2008, as amended ("the Companies Act"), that the board of directors of Curro ("the board"), at a meeting held on 26 May 2014, authorised the company to provide financial assistance (the afore- mentioned funding) to CAPMAC, amounting to R18.4 million pursuant to the authority granted to the board by shareholders at the annual general meeting of the company, held on 20 June 2013, to allow for the aforesaid construction of schools or additions thereto.



The board prior to authorising the aforementioned financial assistance considered and satisfied itself, in terms of section 45 of the Companies Act, that:

* immediately after providing the financial assistance, the company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act;

*there has been due compliance with the company's memorandum of incorporation and with the Companies Act; and

*the terms of the financial assistance are fair and reasonable in relation to the company.
29-May-2014
(Official Notice)
Curro, the JSE listed private schools group, announced the acquisition of yet another quality private school as part of its blueprint for further expansion in 2014. The group's latest acquisition is Waterstone College which has 1 210 learners, situated in Johannesburg South. The school will be part of Curro's quality branded Select Schools, following the acquisition of Woodhill College in Pretoria East in November 2011 and Grantleigh in KZN in December 2013.



Curro currently has 31 private school campuses under its banner, accommodating approximately 28 000 learners. This includes 950 students at the Embury Institute for Teacher Education (EITE) based in KZN. The construction of ten new Curro schools country-wide is also currently taking place, with the intention of opening these schools in January 2015.



The acquisition of more than 20 sites for the future development of school campuses is on track and progressing as planned. Additions to existing campuses to accommodate the demand for enrolments are also well under way. Shareholders of Curro are advised that the acquisition of Waterstone College does not constitute a reportable transaction in terms of section 9 of the JSE Listings Requirements and accordingly this announcement is made on a voluntary basis.
21-May-2014
(Official Notice)
Shareholders were hereby advised that Curros annual report, containing the audited financial statements for the year ended 31 December 2013, was dispatched to shareholders today, 21 May 2014, and contains no modifications to the reviewed provisional results which were announced on SENS on 18 February 2014. The annual report is also available at www.curro.co.za.



Notice of annual general meeting of Curro

Notice was given that the annual general meeting of Curro will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 20 June 2014, at 11h00 to transact the business as set out in the notice of the annual general meeting which forms part of the annual report.



The date on which shareholders must be recorded as such in the share register of the Company to be eligible to vote at the annual general meeting is Friday, 13 June 2014, with the last day to trade being Friday, 6 June 2014.
02-May-2014
(Official Notice)
02-Apr-2014
(Official Notice)
18-Feb-2014
(Official Notice)
18-Feb-2014
(C)
Revenue for the year jumped 80% to R659.1 million (R365.7 million). EBITDA shot up 114% to R113.7 million (R53.2 million) and EBIT also rose to R76.7 million (R35.4 million). Profit attributable to owners more than doubled to R37.0 million (R15.1 million). In addition, headline earnings per share grew by 87% to 13.1cps (7.0cps).



Dividend

No dividend has been declared for the period under review.



Prospects

Curro remains well on track to achieve its stated target of 80 schools by 2020.
20-Jan-2014
(Official Notice)
Shareholders were advised that a reasonable degree of certainty exists that the company will report an increase in headline earnings of between 80% and 100% and an increase in earnings per share of between 77% and 97% for the year ended 31 December 2013.



This means that the company will report an attributable and headline earnings per share of between 12.6 cents and 14.0 cents for the year ended 31 December 2013, as opposed to the attributable and headline earnings per share of 7.1 cents and 7.0 cents published in the previous corresponding period. The financial results for the year ended 31 December 2013 are expected to be published on or about 18 February 2014.
09-Dec-2013
(Official Notice)
Curro Holdings, ("Curro "), the JSE listed private schools group, has extended its presence in KZN further by acquiring a top calibre private school, Grantleigh, located north of Empangeni and Richard Bay.



Grantleigh, situated on a school premises covering 15 hectare, provides education to just more than 700 learners in a primary and high school, supplemented by boarding facilities.



This follows the acquisition of two Durban based private schools, Embury College in Morningside and Hillcrest Christian Academy situated in the suburb of Hillcrest in February 2012, as well as the KZN based Embury Institute for Teacher Education (EITE) in March last year.



Acquisitions are an internal part of Curro's business model and opportunities usually present themselves where owners of a private schools want to retire. An important prerequisite is that the school should have the same ethos as others in the group.



Grantleigh will operate under the Curro banner as a selected school with its brand name preserved, meaning that the existing ethos will be maintained, as well as the value system and traditions of the school.



Dr Van der Merwe said that Curro is without doubt on its way to achieve its goal of 80 schools by 2020. Grantleigh is Curro's sixth major acquisition in the private schools market, including EITE. In January this year Curro's portfolio consisted of 25 schools. With the construction of 5 new schools this year and taking EITE and Grantleigh into account, the total of Curro schools in operation as from January 2014 will be 32.
07-Nov-2013
(Media Comment)
Business Day reported that Curro plans to sell as much as R1 billion of property-backed bonds to fund the building of new schools in South Africa. CEO Chris van der Merwe said in an interview that Curro will issue the first R150 million worth of bonds around mid-November 2013.
28-Oct-2013
(Official Notice)
Shareholders are referred to the announcement published by the Company on 25 June 2013 in terms of which the Company advised that may embark on the listing of a Domestic Medium Term Note Programme ("the Programme") on an unsecured basis which will provide the Company with capital for expansion over the long term.



The board of directors of the Company has now decided to issue the first tranche in terms of same on a secured basis by way of Senior Secured Floating Rate Notes to the value of R150 million ("First Tranche Notes"). The board of directors are pleased to announce that GCR has awarded the First Tranche Notes an initial South African National Scale rating of A-, with a stable outlook. The Programme is, subject to approval by the JSE Ltd., expected to list before the end of November 2013.
14-Oct-2013
(Official Notice)
Shareholders were advised of the following changes in relation to the company secretary of the company:

*Mr Andries Greyling has resigned as company secretary with immediate effect; and

*Ms Ronell van Rensburg has been appointed as the new company secretary with immediate effect.
30-Sep-2013
(Official Notice)
Shareholders are herby advised that the Company's registered address has changed to 38 Oxford Street, Durbanville, Western Cape, 7550.



Shareholders are further advised that the Company's postal address, telephone and facsimile numbers as well as the Company's email and website addresses remain unchanged.
20-Aug-2013
(C)
Revenue for the interim period soared to R308.8 million (2012: R161.3 million). Earnings before interest, taxation, depreciation and amortisation ("EBITDA") shot up to R51.3 million (2012: R18.5 million), while profit attributable to owners of the parent came in at R14.1 million (2012: loss of R3 million). Furthermore, headline earnings per share turned around to 5.3cps (2012: loss of 1.9cps).



Dividends

No dividend has been declared for the period under review. As soon as cash generated exceeds capital requirements, dividends will be paid.



Prospects

The 2014 enrolment numbers are looking promising. Management will ensure the delivery of quality education in the classrooms, the timeous completion of expansion projects and the driving of efficiencies in all areas of the business.
19-Aug-2013
(Official Notice)
Shareholders were advised that a reasonable degree of certainty exists that the company will report an attributable and headline earnings per share of between 5.2 cents and 5.3 cents for the six months ended 30 June 2013, as opposed to the attributable and headline loss per share of 1.8 cents and 1.9 cents published in the previous corresponding period.



The financial results for the six months ended 30 June 2013 are expected to be published on or about 20 August 2013.
25-Jun-2013
(Official Notice)
Shareholders are referred to the announcement published by the Company on 21 February 2013 in terms of which the Company advised that it has embarked on the listing of a Domestic Medium Term Note programme ("the Programme") that will provide the Company with capital for expansion over the long term ("the Initial Announcement"). Further to the publication of the Initial Announcement, the board of directors of the Company is pleased to announce that Global Credit Rating Co ("CGR") has awarded the Company an initial South African National Scale long term rating of BBB- and short term rating of A3, with a stable outlook. This investment grade rating is the first step in Curro accessing the debt capital markets for funding and the Programme is, subject to approval of the JSE, expected to list by August 2013.
21-Jun-2013
(Official Notice)
Shareholders are advised that the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at Curro's annual general meeting held on 21 June 2013.
22-May-2013
(Official Notice)
Shareholders are hereby advised that the audited results of the Company for the year ended 31 December 2012 have been finalised and contains the following disclosure modifications to the reviewed results as published on SENS on Friday, 22 February 2013 (the Reviewed Results Announcement).



The disclosure modifications which are not material include the following:

*Regrouping of accounts previously disclosed in the Reviewed Results Announcement as cash and cash equivalents to trade and other receivables in the audited results;

*Regrouping of accounts previously disclosed in the Reviewed Results Announcement as non-current loans and other financial liabilities to current loans and other financial liabilities in the audited results;

*Regrouping of accounts previously disclosed in the Reviewed Results Announcement as deferred tax to current tax payable in the audited results; and

*Regrouping of accounts previously disclosed in the Reviewed Results Announcement as depreciation to operating expenses in the audited results.



Shareholders are furthermore advised that the integrated report, containing the audited annual financial statements for the year ended 31 December 2012, was dispatched to shareholders today, 22 May 2013. The annual report is also available at www.curro.co.za.



Notice is hereby given that the Annual General Meeting of Curro will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch, on Friday, 21 June 2013, at 10h30 to transact the business as set out in the notice of the Annual General Meeting on pages 97 to 104 of the annual report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the Annual General Meeting is Friday, 14 June 2013, with the last day to trade being Friday, 7 June 2013.
13-May-2013
(Official Notice)
Shareholders are referred to the announcements published on the JSE Ltd.'s ("JSE") SENS on 22 February 2013 and 26 March 2013, and the circular dated 15 April 2013 relating to the Curro rights offer ('Rights Offer"). In terms of the Rights Offer, Curro offered 50 489 948 new Curro ordinary shares ("Rights Offer Shares") to qualifying Curro ordinary shareholders in the ratio of 21 Rights Offer Shares for every 100 Curro ordinary shares held on the Rights Offer record date. The Rights Offer was partially underwritten by PSG Financial Services Ltd. ("PSG" or "the Underwriter") up to a maximum of 21 436 041 Curro ordinary shares. For Curro shareholders who have subscribed for the Rights Offer:

*share certificates will be posted to the holders of certificated Curro shares on or about Monday, 13 May 2013; and

*the Central Securities Depository Participant ("CSDP") or broker accounts of holders of dematerialised Curro shares will be credited with the Rights Offer shares and debited with any payments due on Monday, 13 May 2013.
26-Apr-2013
(Official Notice)
Shareholders were hereby advised that Dr Sibongile Muthwa ("Dr Muthwa") has been appointed as an independent non-executive director of Curro, and as a member of the audit committee, with effect from 1 May 2013.
05-Apr-2013
(Official Notice)
Shareholders were referred to the announcement published by the company on 9 July 2012 regarding the retirement of Advocate J.A Le Roux as Chairperson of the company with effect from 31 March 2013, and the subsequent appointment of current non-executive director, Ms Santie Botha as the new Chairperson with effect from 1 April 2013.



The company confirmed that the abovementioned change to the board of directors has been duly implemented.
26-Mar-2013
(Official Notice)
14-Mar-2013
(Official Notice)
Shareholders were advised that the board of directors of the company intends to appoint a new independent non-executive director in time, who will also serve on the audit and risk committee of the company. As an interim measure, prior to the aforementioned appointment, independent non-executive director Ms S Botha has been temporarily appointed to the audit and risk committee of the company.



In addition, shareholders were advised that executive director Mr HG Louw has been appointed to the social and ethics committee of the company.



The effective date of the aforementioned changes is 1 February 2013.
22-Feb-2013
(Official Notice)
22-Feb-2013
(C)
Revenue for the year ended 31 December 2012 more than doubled to R355.9 million (2011: R166.3 million). Earnings before interest and taxation ("EBIT") soared to R35.4 million (2011: R3.8 million), while profit attributable to owners of the parent jumped to R15.1 million (2011: loss of R7.4 million). Furthermore, headline earnings per share turned around to 7cps (2011: loss of 5.4cps).



Dividends

No dividend has been declared for the period under review. As soon as cash generated exceeds capital requirements, dividends will be paid.



Prospects

Curro's management is committed to expanding the business by means of organic and acquisitive growth in years to come, while driving efficiencies in all areas of operation.
21-Feb-2013
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that the Company will report an attributable and headline earnings per share of between 6.9 cents and 7.1 cents for the year ended 31 December 2012, as opposed to the attributable and headline loss per share of 6.2 cents published in the previous corresponding period. The financial results for the year ended 31 December 2012 are expected to be published on or about 22 February 2013.
12-Feb-2013
(Official Notice)
Shareholders are referred to the pre-listing statement dated 26 May 2011 in which the Company communicated a 40 school vision for 2020. The Company has 26 schools accommodating 20 840 learners in comparison to the 17 schools with 9 594 learners as projected in the pre-listing statement. Based on this accelerated growth pattern, the Company sees a much bigger market for its various brands.

Therefore shareholders are advised that given the current opportunities presented in the market, the Company is considering, amongst other options, a rights offer to raise further capital to take advantage of such opportunities. The Company will provide shareholders with a further announcement in due course once the board has made a final decision as to whether to proceed with a rights offer or not.



Should the Company decide to proceed with a rights offer it may have a material effect on the price of the Company's securities depending on the quantum and price of same. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further detailed announcement is made.
31-Jan-2013
(Official Notice)
The board of Curro advised shareholders of the passing away of Professor Merlyn Claude Mehl on 30 January 2013.
12-Dec-2012
(Official Notice)
23-Nov-2012
(Official Notice)
Shareholders are referred to the cautionary announcement dated 13 November 2012 and are advised that the corporate actions referred to in the cautionary announcement have been disclosed in this announcement. Accordingly, caution is no longer required to be exercised by shareholders when dealing in their Curro shares.
23-Nov-2012
(Official Notice)
Shareholders are advised that Business Venture Investments No 1606 (Pty) Ltd. (which is in the process of changing its name to Campus and Property Management Company), being a 65% subsidiary of Curro and Meridian Community Academy NPC (RF) an associated non- profit company of Curro have entered into agreements to acquire the businesses of the Northern Academy Independent Primary School and the Northern Academy Independent Secondary School ("the Northern Academy Independent School"), together with the immovable property on which the Northern Academy Independent School is currently operated and the ancillary business in connection with the Northern Academy Independent School ("the Acquisition") from various parties by way of separate transactions.

The first transaction comprises the purchase of the immovable property for a purchase consideration of R73 800 000, payable in cash to the seller of the immovable property ("the immovable property seller"). The immovable property seller has undertaken to affect further improvements to the property in 2013 and once same has been completed, subject to certain conditions, a further R7 000 000 will be payable to the immovable property seller in cash. The balance of the assets acquired, including the ancillary business in connection with the Northern Academy Independent School, were purchased from each of the sellers thereof for a purchase consideration of R76 200 000, payable in cash to such sellers.



Pro forma financial effects

Before - after

* Basic and headline (loss) / earnings per share (cents): (1.9) - 0.3

* Basic and headline (loss) / earnings (R'000): (2 982) - 517

* Net asset value per share (cents): 228.4 - 228.4

* Net tangible asset value per share (cents): 123.0 - 94.0
13-Nov-2012
(Official Notice)
Further to the cautionary announcement released on 2 October 2012, shareholders were hereby advised that negotiations are still in progress relating to certain corporate actions, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
02-Oct-2012
(Official Notice)
Further to the cautionary announcement released on 20 August 2012, Shareholders are hereby advised that negotiations are still in progress relating to certain corporate actions, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
20-Aug-2012
(C)
Revenue more than doubled to R161.3 million (R79.3 million). EBITDA more than tripled to R18.5 million (R5.7 million). The net attributable loss narrowed to R3 million (loss of R7.7 million). In addition, the headline loss per share more than halved to 1.9c (loss of 9.6cps).



Outlook

The provision of quality education and the safety of leaners remain a top priority. The growing positive sentiment about the private school market is encouraging. Curro's management will continue to expand the business by means of organic and acquisitive growth in years to come. The R476 million that was raised through the rights issue and specific issue in July 2012 will be utilised for this purpose.
20-Aug-2012
(Official Notice)
Shareholders are advised that Mr KK Combi has been appointed as a non-executive director of Curro, with immediate effect.
17-Aug-2012
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the loss and headline loss per share for the six months ended 30 June 2012 is expected to be less than the previous corresponding period namely between 1.8 cents per share and 2.0 cents per share compared to the loss and headline loss per share of 9.5 cents per share for the prior corresponding period.



The rationale for the loss is as we previous alluded to, namely the fact that Curro is still continuing to build capacity and that additional property opportunities are presented to Curro on a regular basis. The prospects going forward however, remain extremely positive. The financial results for the six months ended 30 June 2012 are expected to be published on or about 20 August 2012.
24-Jul-2012
(Official Notice)
Shareholders are hereby 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.
09-Jul-2012
(Official Notice)
Shareholders are referred to the results of the rights offer announcement released on SENS on 29 June 2012. Due to an administrative error on the part of a broker, the number of shares issued in terms of the rights offer will be increased by 79 200 shares to 57 799 749 shares of the rights offer shares offered to shareholders.



Accordingly, the number of shares issued to Thembeka Capital Ltd. as the underwriter of the rights offer has been decreased by 79 200 to 237 320 and the number of shares issued to Thembeka Capital Ltd. in terms of the specific issue has been increased by 79 200 to 21 177 177.
09-Jul-2012
(Official Notice)
Shareholders are hereby advised that Santie Botha has been appointed as non-executive director of Curro with effect from 9 July 2012. She is also the chairman designate and will assume the role of chairman from 1 April 2013 by succeeding the current chairman Advocate J.A. Le Roux (S.C.), when he retires on 31 March 2013.
05-Jul-2012
(Official Notice)
Shareholders are advised that the company has appointed PSG Capital (Pty) Ltd. as its sponsor with effect from 5 July 2012.
03-Jul-2012
(Official Notice)
Curro advised shareholders that it has embarked on a joint venture with the Schools and Education Investment Impact Fund of South Africa (IT3207/2011) to provide affordable, quality private schooling to low-income families.



Old Mutual Investment Group SA (OMIGSA) and its investors, the Public Investment Corporation (PIC) and Old Mutual Life Company of South Africa, established the Schools and Education Investment Impact Fund of South Africa (the OMIGSA Schools Fund) with the primary focus of financing infrastructure and education-related requirements for independent low-fee paying schools.



The joint venture allows Curro, together with the OMIGSA Schools Fund and their respective investors, to play a supportive role to Government in addressing the educational needs of South Africa in the lower income market and to put in motion the objectives set out in Curro's pre-listing statement.



The joint venture includes the incorporation of an operating company that will operate schools, to be known as the Meridian Independent Schools, and a property owning company, held 65% by Curro and 35% by the OMIGSA Schools Fund, that will provide the school facilities and premises for the schools, with Curro being appointed as the manager of the schools. The Meridian Independent Schools will focus on providing private schooling to students where the majority of parents earn less than a defined threshold, currently R200 000 (two hundred thousand Rand) per annum.



The OMIGSA Schools Fund has made loan financing of up to R397.1 million and Curro has made junior debt facility of up to R42.9 million available, subject to the fulfillment of certain conditions precedent, for the development and operation of 11 Meridian Independent Schools over the next seven year period.



The transactional agreements regulating the above matters were signed by the parties on 3 July 2012 and memoranda of incorporation regulating the newly incorporated companies will be lodged at the Companies and Intellectual Property Commission.
29-Jun-2012
(Official Notice)
Shareholders are referred to the SENS announcements dated 28 February 2012, 28 March 2012, 2 April 2012 and 4 May 2012 ("Announcements") and the circular dated 21 May 2012 ("Circular"), relating to the Curro rights offer ("Rights Offer") and the specific issue of shares to Thembeka Capital Ltd. ("Thembeka" or "the Underwriter"). In terms of the Rights Offer, Curro offered 58 037 069 new Curro ordinary shares ("Rights Offer Shares") to qualifying Curro ordinary shareholders in the ratio of 36 Rights Offer Shares for every 100 Curro ordinary shares held on the Rights Offer record date. The Rights Offer was partially underwritten by Thembeka up to a maximum of 21 414 497 Curro ordinary shares.
22-Jun-2012
(Official Notice)
Shareholders were advised that, with the exception of special resolution number two which was already approved by shareholders at the general meeting of the company held on 16 March 2012, and which was accordingly withdrawn, the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at Curro's annual general meeting held today, 22 June 2012. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
19-Jun-2012
(Official Notice)
Shareholders are advised that, at the general meeting of the company held on 19 June 2012, all of the resolutions relating to the Specific Issue of Shares to Thembeka Capital Ltd., contained in the notice of General Meeting which formed part of the Rights Offer Circular which was posted to shareholders on 21 May 2012, were passed by the requisite majority of shareholders present or represented by proxy. Shareholders are further advised that the timetable relating to the Rights Offer and the Specific Issue as set out in the SENS finalisation announcement dated 4 May 2012 and Rights Offer Circular remains unchanged.
24-May-2012
(Official Notice)
Curro shareholders were advised that the company's 2011 annual report, containing the audited annual financial statements for the year ended 31 December 2011, was dispatched to shareholders on Wednesday, 23 May 2012, and contains no modifications to the audited results which were announced on SENS on Tuesday, 28 February 2012. The annual report has also been made available at www.curro.co.za.



Notice of annual general meeting

Notice was also given that the annual general meeting of Curro will be held at Webersburg, Webersburg Wines, Annandale Road, Stellenbosch on Friday, 22 June 2012, at 10h30 to transact the business as set out in the notice of the annual general meeting which forms a part of the 2011 annual report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting will be Friday, 15 June 2012, with the last day to trade being Friday, 8 June 2012.



Resignation of director

Ms Mary Vilakazi ("Mary") has resigned as non-executive director of Curro, with effect from 23 May 2012.
14-May-2012
(Official Notice)
Shareholders are advised that the board of directors of the company has resolved to apply to the JSE Ltd ("JSE") for the transfer of Curro's listing from the Alternative Exchange of the JSE, to the Main Board of the JSE ("the Transfer of Listing"). Accordingly, shareholders are further advised that the JSE has formally approved the Transfer of Listing application. The transfer of listing follows Curro's successful expansion, including acquisitions, since its listing on the Alternative Exchange of the JSE and is expected to take place on or about Monday, 2 July 2012. The board of Curro is of the view that the transfer of listing will be in the best interests of stakeholders as it will allow Curro to capitalise on the benefits of being a company listed on the Main Board of the JSE. These benefits include, inter alia, greater coverage by analysts and allowing more institutions to invest in Curro.
04-May-2012
(Official Notice)
02-Apr-2012
(Official Notice)
Shareholders are referred to the declaration announcement released by the company on 28 February 2012 ("the Declaration Announcement"), in terms of which the company advised that it will proceed with a partially underwritten renounceable rights offer ("the rights offer") and a specific issue of shares to Thembeka Capital Ltd ("the Specific Issue"). Shareholders are hereby advised that the pro forma financial effects of the rights offer and the specific issue are as set out below. The pro forma financial effects of the rights offer and the specific Issue are presented for illustrative purposes only and because of their nature may not give a fair reflection of the company's financial position nor of the effect on future earnings after the rights offer and specific Issue. The proceeds of the rights offer and specific Issue will be used to repay debt, to fund the acquisitions referred to in note 4 below ("the Acquisitions") and to take advantage of new opportunities that the market presents.



Salient dates and times

As advised in the SENS announcement released by the company on 28 March 2012, the company is still awaiting registration from the CIPC of the special resolutions passed at the general meeting on 16 March 2012, relating to the conversion of the company's share capital from par value into no par value shares and increase of the share capital ("the Special Resolutions"). An announcement regarding the salient dates and times applicable to the rights offer and specific Issue will be made as soon as the Special Resolutions have been registered by CIPC.



Withdrawal of cautionary

Shareholders are referred to the renewal of cautionary announcement dated 28 March 2012 and are advised that as the pro forma financial effects of the rights offer and specific Issue have now been disclosed, caution is no longer required to be exercised by shareholders when dealing in their securities.
28-Mar-2012
(Official Notice)
Shareholders are referred to the declaration announcement released by the company on 28 February 2012 ("the Declaration Announcement"), in terms of which the company advised that it will proceed with a partially underwritten renounceable rights offer ("the Rights Offer") and a specific issue of shares to Thembeka Capital Ltd. ("the Specific Issue"). In addition to the above, shareholders are also referred to the announcement released by the company on 16 March 2012 relating to the results of the general meeting at which meeting special resolutions relating to the conversion (from par value to no par value) and increase of the company's share capital were approved by shareholders ("the Special Resolutions").



Following the above, shareholders are hereby advised that the company is still awaiting registration of the Special Resolutions by the Companies and Intellectual Property Commission and accordingly, the salient dates and times applicable to the Rights Offer and Specific Issue, as set out in the Declaration Announcement, are no longer applicable. A further announcement setting out a revised timetable and the pro forma financial effects of the Rights Offer and Specific Issue will be made in due course.

Shareholders are referred to the renewal of cautionary announcement contained in the declaration announcement and are advised that due to the fact that the revised timetable and the pro forma financial effects of the Rights Offer and the Specific Issue must still be disclosed, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
16-Mar-2012
(Official Notice)
The board of directors of the company announced that at the general meeting of the company held on 16 March 2012, all the resolutions tabled in the notice of general meeting, which notice was included and posted to shareholders as part of the circular dated 16 February 2012, were unanimously approved by the shareholders of the company, present or represented by proxy. The special resolutions, to the extent required, will be filed immediately for registration with the Companies and Intellectual Property Commission.
29-Feb-2012
(Official Notice)
Shareholders of the company are hereby advised that Mr. Hendrik Gideon Louw ("Hennie") has been appointed as an executive director of the company with immediate effect.
28-Feb-2012
(Official Notice)
Shareholders are referred to the cautionary announcement dated 17 January 2012 and are advised that due to the fact that the pro forma financial effects of the Rights Offer and the Specific Issue must still be disclosed, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
28-Feb-2012
(C)
Curro has released maiden final results for December 2011. Revenue amounted to R166.3 million, while EBITDA was recorded at R10.5 million. This can be attributed to:

*The addition of seven new schools with its concomitant fixed operational expenses.

*Expansion of the head office in terms of information systems and human resources capabilities to accommodate planned future growth and expansion.

*Additional transaction costs incurred for the securing of new school sites and acquisitions.



A net attributable loss was at R7.4 million. Headline loss per share amounted to 6.3cps.This was mainly as a result of the interest brought about by the debt incurred through the aggressive capital expansion over the past two years as well as an increase in depreciation.



Dividend

No dividend was declared for the period under review.



Prospects

The potential of the private schools market and the rapidly increasing demand for private education bode well for Curro's growth strategy. The Curro brand continues to entrench itself by offering a value for money private education. Curro will therefore, in addition to adding capacity to existing schools, continue to aggressively expand its network of schools across South Africa. This will be capital intensive and costly over the short to medium term, but the board and management are confident about the long term return that this strategy will bring about. Any reference to future financial performance included in this announcement has not been reviewed or reported on by the company's auditors.
28-Feb-2012
(Official Notice)
17-Feb-2012
(Official Notice)
In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous comparable period. Curro management published a forecast for the year ending 31 December 2011 ("the Profit Forecast") in its pre-listing statement dated 26 May 2011. The Profit Forecast was based on the facts and assumptions known to management at the time. However, Curro has subsequently built additional capacity and seized more opportunities than initially anticipated.



The costs associated with same have consequently had a negative impact on earnings during the current reporting period. Curro's prospects remain positive and the financial benefits associated with the expansion of the company's footprint are expected to come to fruition in upcoming reporting periods. Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report an attributable and headline loss of between 5.6 cents and 6.6 cents per share for the year ended 31 December 2011, opposed to a profit of 0,7 cents per share published in the Profit Forecast. The financial information on which this trading statement is based has not been reviewed and reported on by Curro`s auditor. The financial results for the year ended 31 December 2011 are expected to be published on or about 28 February 2012.
16-Feb-2012
(Official Notice)
Shareholders are advised that the cautionary announcement issued on 17 January 2012 is still effective and accordingly shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
16-Feb-2012
(Official Notice)
Curro is pleased to announce that it has acquired two Durban based private schools namely Embury College in Morningside, a combined private school of 850 learners ("Embury College"), and Hillcrest Christian Academy, a primary school with 650 learners in the suburb of Hillcrest ("Hillcrest Christian Academy"). The acquisition forms part of the company's integral strategy to acquire, develop and operate private schools in South Africa. The acquisitions of both Embury College and Hillcrest Christian Academy falls below the category 2 transaction threshold as set out in section 9 of the Listings Requirements. Accordingly, no action is required from Curro shareholders and this announcement is made for information purposes only.



Shareholders are further advised that the cautionary announcement issued on 17 January 2012 is still effective and accordingly shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
16-Feb-2012
(Official Notice)
23-Nov-2011
(Media Comment)
According to Business Day, ALTX listed Curro Holdings has bought a Pretoria private school for R185 million in its first foray into the high end education market. Curro, which is majority owned by Stellenbosch based investment holdings firm PSG Group, said that it was buying Woodhill College, which has 1200 pupils, for R185 million, its largest acquisition to date. The aquisition of Woodhill which is subject to regulatory approvals, would bring the total number of pupils at Curro owned schools throughout South Africa to 10000 when the deal was finalised next year. CEO Chris van der Merwe said the group was finalising other acquisitions, which it expected to announce by next month.
22-Nov-2011
(Official Notice)
Shareholders were referred to the cautionary announcement dated 19 October 2011 and are advised that caution is no longer required to be exercised by shareholders when dealing in their securities and accordingly the cautionary announcement is hereby withdrawn.
22-Nov-2011
(Official Notice)
19-Oct-2011
(Official Notice)
Shareholders were 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 were advised to exercise caution when dealing in the company's securities until a full announcement is made.
15-Aug-2011
(C)
Curro released their maiden interim results for the period ended 30 June 2011. Revenue was recorded at R79.3 million. Earnings before interest taxation, depreciation and amortisation("EBITDA") was R5.7 million, while total comprehensive loss for the period came in at R7.7 million. Furthermore, headline loss per share was 9.6cps.



Dividend

No dividend was paid during the interim period.



Prospects

EBITDA historically experiences some form of seasonality as enrolment fees pick up in the second half of the year. It is therefore expected that profit after tax will also improve as the capital injection from the rights issue have been used to settle the majority of debt; the interest expense will as a result reduce significantly over the second part of the year. Commencing 2012, Curro will comprise of at least 14 school campuses with approximately 7 500 enrolled learners, but capacity for 11 000 learners without additional capital investment required. In addition to expanding capacity at existing campuses, Curro plans to grow by at least between two and four additional schools per year going forward. This will be achieved through the development of own campuses which includes the incorporation of smaller private schools as well as the acquisition of existing private school institutions. The company's strategic intent is to establish a group of at least 40 campuses with 45 000 learners by 2020.
11-Jul-2011
(Official Notice)
Shareholders are referred to the announcements of the Curro rights offer published on SENS on 26 May 2011 and 2 June 2011 and the circular dated 20 June 2011 detailing the terms of the said offer. In terms hereof Curro announced the raising of approximately R322.4 million by way of a partially underwritten renounceable rights offer of 80 607 040 new Curro ordinary shares of R0.00001 each ("rights offer shares") to qualifying Curro ordinary shareholders ("rights offer"). The rights offer shares were issued in the ratio of 1 rights offer share for every 1 Curro ordinary shares held on the record date, being Friday, 17 June 2011 ("record date") at a subscription price of 400 cents per rights offer share.

03-Jun-2011
(Media Comment)
According to Business Day, private equity firm Paladin Capital yesterday listed its private schooling provider, Curro holdings, and simultaneously launched a rights issue to raise more than R322 million to fund its expansion. Opening yesterday at R5.50 on Altx, it hit an intraday high of R8.15 before closing at R7.99. The firm which owns two schools will open two more next year and will have up to 40 by 2020 built at a rate of three to five schools per year, CEO Chris van der Merwe said yesterday. Each school will cost up to r50 million when completely built in three phases, with the major first phase costing up to R32 million. Phasing the project ensure there's income from school enrolments to fund the other stages, Mr van der Merwe said.
02-Jun-2011
(Official Notice)
20-Jun-2018
(X)
Curro was established in 1998, and is the leading for-profit independent school provider in southern Africa. It develops, acquires and manages independent schools for learners from the age of three months to Grade 12.



Curro believes that education is the cornerstone in the development of quality leaders and responsible citizens who will positively impact the economy, environment and society. Curro?s aim moving into 2021 is to provide 80 campuses (or 200 schools) that will be able to accommodate many more learners.



Currently located across 59 campuses (145 schools), Curro has 52 233 learners and 5 853 employees of which 2 985 are educators all contributing to developing the leaders of tomorrow.



The different school models are Curro Castles (nursery schools), Curro, Curro Academy, Meridian and Select schools.



Curro?s vision is to make independent school education accessible to more learners throughout southern Africa.


Send e-mail to for any enquiries or see Contact Details for phone numbers
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