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22-Sep-2017
(Official Notice)
Shareholders are advised that the board of directors has been informed by Alpine Asset Management Ltd. ("Alpine"), a subsidiary of The Travel Corporation, which owns approximately 97% of the issued ordinary share capital of the company, that it is considering making an offer to acquire the ordinary shares in the company not held by it for a consideration of 130 cents per share, payable in cash ("the envisaged transaction"). The consideration is equal to the highest price paid by Alpine for an ordinary share in the company in the last three months.



It is anticipated that the envisaged transaction will be implemented by way of a scheme of arrangement in terms of the Companies Act, 2008 ("the Act" and "the Scheme").



Should the transaction proceed as presently envisaged, the terms and conditions governing the Scheme and its implementation will in due course be provided to shareholders in accordance with the Regulations of the Act governing transactions of this nature.



Shareholders are therefore urged to exercise caution when dealing in their shares until further announcements in the above regard are made.

21-Jul-2017
(Official Notice)
Notice is hereby given that Preference Dividend No. 142 of 5,5 (five comma five) cents per preference share (gross) has been declared for the six months ended 30 June 2017.



The following dates are applicable to the dividend:



The last date to trade in order to be eligible for the dividend will be Monday, 7 August 2017.



Shares will trade ex-dividend from Tuesday, 8 August 2017.



The record date will be Friday, 11 August 2017 and payment will be made on Monday, 14 August 2017.



Share certificates may not be dematerialised/ rematerialised between Tuesday, 8 August 2017 and Friday, 11 August 2017, both days inclusive.
06-Jun-2017
(Official Notice)
The board is pleased to announce the declaration of an interim dividend (dividend number 139) of 1 cent per ordinary share in respect of the six months ended 31 March 2017.



The salient dates for the dividend will be as follows:

*Last day to trade cum dividend Tuesday, 27 June 2017

*Shares trade ex-dividend Wednesday, 28 June 2017

*Record date Friday, 30 June 2017

*Payment date Monday, 3 July 2017
06-Jun-2017
(C)
Revenue for the interim period increased to R525.8 million (2016: R470.5 million). Gross profit rose to R352.8 million (2016: R294.2 million), trading profit climbed to R68.6 million (2016: R61 million), while profit attributable to equity holders was higher at R51.3 million (2016: R46.4 million). Furthermore, headline earnings per share grew to 6.39 cents per share (2016: 5.80 cents per share).



Dividend

An interim dividend of 1c per share has been declared.



Future prospects

We remain optimistic for the 2017 year, despite a challenging environment with increased uncertainty in the world. Forward bookings are positive at present and the inbound tourism market is expected to remain upbeat for the balance of 2017. Aside from investing in our business to continue the organic growth, we will continue to look for opportunities and acquisitions in the tourism and financial services sectors, whilst maintaining our focus on delivering exceptional service and value to our customers. The group has declared an interim dividend of 1c per share. We would like to take this opportunity to thank our board, executives, our staff and our partners for their support and for a great effort and contribution during the first half of the 2017 year.

24-May-2017
(Official Notice)
Shareholders are advised that Ms. Anita Mendiratta, an independent non- executive director of the company and a member of the Audit and Risk Committee, has been appointed as a member of the Remuneration Committee of the company with effect from 24 May 2017.



24-Feb-2017
(Official Notice)
The annual report of the company has for some years contained information regarding the litigation against the company in respect of the pension fund.



Shareholders are advised that the matter has now been set down for hearing on 31 July 2017.
17-Feb-2017
(Official Notice)
Shareholders are advised that all the resolutions contained in the notice convening the AGM were approved by the requisite majorities of shareholders present in person or represented by proxy at the AGM of the company held on 17 February 2017. The issued ordinary share capital of the company consists of 800 173 385 shares.
13-Jan-2017
(Official Notice)
Notice is hereby given that Preference Dividend No. 141 of 5,5 (five comma five) cents per preference share (gross) has been declared for the six months ended 31 December 2016.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Tuesday, 31 January 2017.

*Shares will trade ex-dividend from Wednesday, 1 February 2017.

*The record date will be Friday, 3 February 2017 and payment will be made on Monday, 6 February 2017.

*Share certificates may not be dematerialised/ rematerialised between Wednesday, 1 February 2017 and Friday, 3 February 2017, both days inclusive.
19-Dec-2016
(Official Notice)
Shareholders are advised that:

- the annual report, incorporating a notice convening the annual general meeting of the company (?the AGM?), is available on the website of the company at www.cullinan.co.za and will be distributed to shareholders on or about 28 December 2016. There have been no material changes to the financial information published in the Condensed Audited Group Results announcement released on SENS on 15 December 2016;

- the AGM will be held at 10:00 on Friday, 17 February 2017 in the boardroom, 2nd Floor, Travel House, 6 Hood Street, Rosebank, Johannesburg;

- the record date for purposes of determining which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 10 February 2017. Accordingly, the last day to trade in order to be eligible to vote at the annual general meeting will be Tuesday, 7 February 2017.
19-Dec-2016
(Official Notice)
Shareholders are referred to the Condensed Audited Group Results for the Year Ended 30 September 2016 (?the Results Announcement?) as released on SENS on Thursday, 15 December 2016 and are advised of the following restatements to the financial results which were not noted in the Results Announcement:

(i) As reported in note 27 in the 2016 Annual Financial Statements, the company has restated the Revenue for 2015. An amount of R31.7 million, being gains realised on foreign exchange transactions and previously shown in Revenue has now been restated to reflect in ?Other income?. The effect of the restatement is to reduce Revenue for the 2015 results and increase ?Other income? by an equivalent amount, as set out below. There is no impact on earnings.

(ii) As reported in note 11 in the 2016 Annual Financial Statements, in the 2015 Annual Financial Statements, amounts outstanding from subsidiaries were reflected as group receivables within trade and other receivables for the company. For the purposes of more transparent disclosure, these amounts have been retrospectively reclassified as a part of loans to group companies. The effect of the reclassification does not impact earnings for 2015 and 2014 and only current assets on the balance sheet were restated as follows:



R?000 2016 - 2015 - 2014

Current assets

* Trade and other receivables : - - (64 096) - (43 167)

* Loans to group companies : - - 64 096 - 43 167
15-Dec-2016
(C)
Revenue for the year increased to R1.0 billion (R0.9 billion) and gross profit rose to R633.1 million (R553.5 million). Trading profit grew to R99.6 million (R75.0 million). Profit attributable to equity holders was higher at R70.3 million (R56.3 million). In addition, headline earnings per share jumped to 8.81 cents per share (7.03 cents per share).



Declaration of final dividend No. 138

The board announced the declaration of a final dividend of 1 cent per ordinary share in respect of the year ended 30 September 2016.



Annual general meeting

The annual general meeting of Shareholders will be held in the boardroom, 2nd floor, Travel House, 6 Hood Avenue, Rosebank at 10:00 on the 17th February 2017 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.
08-Dec-2016
(Official Notice)
Shareholders are advised that Ms. Anita Mendiratta has been appointed as an independent non-executive director of the company with effect from 7 December 2016. She will also become a member of the Audit Committee.

07-Dec-2016
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that, for the financial year ended 30 September 2016:

* headline earnings per share will be between 8.5 and 9.13 cents per share (2015: 7.03 cents), an increase of between 20 and 30%; and

* earnings per share will be between 8.5 and 9.15 cents per share (2015: 7.04 cents), an increase of between 20 and 30%.
15-Nov-2016
(Official Notice)
Shareholders are advised that Mr. Mervyn Burton has been appointed as an independent non-executive director of the company with effect from 4 November 2016. Mr. Burton will join the audit and risk committee as a member with immediate effect.

22-Jul-2016
(Official Notice)
Notice is hereby given that Preference Dividend No. 140 of 5,5 (five comma five) cents per preference share (gross) has been declared for the six months ended 30 June 2016.



The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. The following additional information is disclosed:

*the dividend has been declared out of current profits available for distribution

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 5,5 cents per share for shareholders exempt from Dividends Tax

*the net local dividend amount is 4,675 cents per share for shareholders liable for Dividends Tax

*the company has 500 000 preference shares in issue

*the company?s income tax reference number is 9130 002 604.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Tuesday, 16 August 2016.

*Shares will trade ex-dividend from Wednesday, 17 August 2016.

*The record date will be Friday, 19 August 2016 and payment will be made on Monday, 22 August 2016.

*Share certificates may not be dematerialised/ rematerialised between Wednesday, 17 August 2016 and Friday, 19 August 2016, both days inclusive.





06-Jun-2016
(Official Notice)
The Board announced the declaration of an interim dividend of 1 cent per ordinary share in respect of the six months ended 31 March 2016.



The following dates are applicable to the dividend:

* The last date to trade in order to be eligible for the dividend will be Friday, 24 June 2016.

* Shares will trade ex-dividend from Monday, 27 June 2016.

* The record date will be Friday, 1 July 2016 and payment will be made on Monday, 4 July 2016.

* Share certificates may not be dematerialised/ rematerialised between Monday, 27 June 2016 and Friday, 1 July 2016, both days inclusive.
06-Jun-2016
(C)
Revenue for the interim period increased to R491.8 million (2015: R454.5 million). Gross profit rose to R315.4 million (2015: R291.3 million), trading profit climbed to R61 million (2015: R51.1 million), while profit attributable to equity holders was higher at R46.4 million (2015: R40.2 million). Furthermore, headline earnings per share grew to 5.80 cents per share (2015: 5.02 cents per share).



Dividend

An interim dividend of 1c per share has been declared.



Prospects

It is likely that the economic situation in South Africa will remain constrained for the short to medium term. This means that businesses which are dependent upon the local economy will face challenges. Conversely, there are a large number of positives when looking at the inbound tourism and coach businesses and even the marine businesses which benefit from a weaker Rand.



However, notwithstanding the mixed outlook as mentioned above, we are confident about the long-term growth prospects for the travel and tourism segment. This segment has a unique scale of operation in Southern Africa, with some of the most prominent travel and tourism brands domestically and in the international travel industry. The marine and outbound travel businesses remain solid and well run and we expect them to continue to contribute nicely to the group.



The intention is to grow the Financial Services segment organically through investment in business development. In addition, we continue to look for acquisitions in this area that will meet our investment criteria and fit within the Cullinan group. In conclusion, we believe that the group is diverse enough to manage the challenges in the economy in the long-term. In the shorter term, the next six months look positive.
22-Apr-2016
(Official Notice)
Shareholders are advised that all the resolutions contained in the notice convening the AGM were approved by the requisite majorities of shareholders present in person or represented by proxy at the AGM of the company held on 22 April 2016, save that the resolutions relating to the re-election of Mr. M Ness were withdrawn by the chairman of the meeting.
20-Apr-2016
(Official Notice)
The board of the company regrets to advise that Mr. Mike Ness, who has been a director of the company since 2001, has passed away after an illness.





17-Mar-2016
(Official Notice)
The board announces the declaration of a final dividend of 1 cent per ordinary share in respect of the twelve months ended 30 September 2015.



The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

*the dividend has been declared out of income reserves

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 1 cent per ordinary share for shareholders exempt from Dividends Tax

* the net local dividend amount is 1 cent less 15% per ordinary share for shareholders liable for Dividends Tax (0,85 cents per share)

*Cullinan has 800 173 385 ordinary shares in issue

*Cullinan?s income tax reference number is 9130 002 60 4.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 8 April 2016

*Shares will trade ex-dividend from Monday, 11 April 2016

*The record date will be Friday, 15 April 2016 and payment will be made on Monday, 18 April 2016



Share certificates may not be dematerialised/ rematerialised between Monday, 11 April 2016 and Friday, 15 April 2016, both days inclusive.

17-Mar-2016
(Official Notice)
Shareholders are advised that:

the annual report, incorporating a notice convening the annual general meeting of the company (?the AGM?), was distributed to shareholders on Thursday, 17 March 2016 and is available on the website of the company at www.cullinan.co.za. There have been no material changes to the financial information published in the provisional report dated 29 December 2015, save that in the statement of cash flows reclassification has been effected.



The reclassification refers to trade receivables acquired on the acquisition of the business of Chester Finance on 1 October 2014 which were reflected in cash generated from operations, now reclassified into cash from investing activities.



In addition, the difference on the effect of changes in exchange rate on cash and cash equivalents had been reflected in cash generated from operations. This has been and is amended as above and reflected in the effect of exchange rate changes on cash and cash equivalents.



This reclassification has no effect on the overall cash flow movement for the year.



*the AGM will be held at 10:00 on Friday, 22 April 2016 in the boardroom, 2nd Floor, Travel House, 6 Hood Street, Rosebank, Johannesburg;

*the record date for purposes of determining which shareholders are entitled to participate in and vote at the annual general meeting is Friday, 15 April 2016. Accordingly, the last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 8 April 2016.

07-Mar-2016
(Official Notice)
The board of the company regrets to advise that Ms. Carol Sindiswa Nhlumayo, who has been a director of the company since 2011, has passed away after an illness. Ms. Nhlumayo was a valued member of the board, who will be sorely missed by all, and we extend our sincere condolences to her family.



In addition Mr. Amihai Azoulay, a non-executive director, has resigned with effect from 7 March 2016.



Cullinan advised that Mr. Lance Tollman has been appointed as an executive director of the company with effect from 7 March 2016.
29-Jan-2016
(Official Notice)
Notice is hereby given that Preference Dividend number 139 of 5.5 (five comma five) cents per preference share (gross) has been declared for the six months ended 31 December 2015. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

- the dividend has been declared out of current profits available for distribution

- the local Dividends Tax rate is 15%

- the gross local dividend amount is 5.5 cents per share for shareholders exempt from Dividends Tax

- the net local dividend amount is 4 675 cents per share for shareholders liable for Dividends Tax

- the company has 500 000 preference shares in issue

- the company?s income tax reference number is 9130 002 604.



The following dates are applicable to the dividend:

* The last date to trade in order to be eligible for the dividend will be Friday, 12 February 2016.

* Shares will trade ex-dividend from Monday, 15 February 2016.

* The record date will be Friday, 19 February 2016 and payment will be made on Monday, 22 February 2016.

* Share certificates may not be dematerialised/ rematerialised between Monday, 15 February 2016 and Friday, 19 February 2016, both days inclusive.
29-Dec-2015
(C)
Revenue decreased to R926.1 million (R941.4 million). Trading profit fell to R74.9 million (R92.9 million). Profit attributable to equity holders decreased to R56.3 million (R67.9 million). In addition, headline earnings per share came in at 7.03cps (8.64cps).



Prospects

With the effects of Ebola waning and the expectation that the South African visa regulations will soon be amended, we believe the 2016 prospects are positive. Inbound tourism is still not back at 2014 levels but the lower oil price and weaker exchange rate provide us with some optimism for the year ahead.



Corporate and leisure travel remains constrained and the weak exchange rate will not assist this segment. Despite these conditions, we remain confident that our focus on providing excellence in service and quality will see the business continue to outperform and increase its market share. Financial Services remain an opportunity for growth and we will continue to look to expand this segment through organic growth and acquisition.



Despite lower results in 2015, we are confident that the group will see further growth in 2016. The Fundamentals of the core businesses remain strong and acquisitions made in 2013, 2014 and 2015 have contributed to the group results.
10-Sep-2015
(Official Notice)
The Board announced the declaration of an interim dividend of 1 cent per ordinary share in respect of the six months ended 31 March 2015.



The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

*the dividend has been declared out of income reserves

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 1 cent per share for shareholders exempt from Dividends Tax

*the net local dividend amount is 1 cent less 15% per share for shareholders liable for Dividends Tax (0,85 cents per share)

*Cullinan has 800 173 385 ordinary shares in issue

*Cullinan?s income tax reference number is 9130 002 60 4.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be - Friday, 25 September 2015

*Shares will trade ex-dividend from - Monday, 28 September 2015

*The record date will be - Friday, 2 October 2015

*Payment will be made on - Monday, 5 October 2015



Share certificates may not be dematerialised/ rematerialised between Monday, 28 September 2015 and Friday, 2 October 2015, both days inclusive.
24-Jul-2015
(Official Notice)
Notice is hereby given that Preference Dividend No. 138 of 5.5 (five comma five) cents per preference share (gross) has been declared for the six months ended 30 June 2015.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 14 August 2015.

*Shares will trade ex-dividend from Monday, 17 August 2015.

*The record date will be Friday, 21 August 2015 and payment will be made on Monday, 24 August 2015.

*Share certificates may not be dematerialised/ rematerialised between Monday, 17 August 2015 and Friday, 21 August 2015, both days inclusive.

17-Jun-2015
(C)
Revenue for the interim period rose to R454.5 million (R441.4 million). Gross profit was higher at R291.3 million (R277.5 million). Operating profit lowered to R51.1 million (R54.6 million). Profit attributable to equity holders decreased to R40.2 million (R43.7 million). Furthermore, headline earnings per share took a slight dip to 5.02cps (5.46cps).



Prospects for 2015

Cullinan is confident about the long-term growth prospects for the group and the ability to leverage its unique scale of operation within the tourism industry in Southern Africa, and to continue to build our financial services division. The marine and outbound travel businesses remains solid and with growth in Financial Services, Cullinan believes the group is well placed for future growth.



From an Inbound tourism perspective, in the short term Cullinan expects to continue to feel the impact of the Ebola scare which has had a more severe impact on profitability and endured for longer than anticipated. Cullinan is also additionally extremely concerned about the negative impact on South African tourism from the new South African visa regulations, both on arrivals from China and India and from the requirements for unabridged birth certificates for all minors, entering or leaving South Africa, which came into effect from June 2015.
22-Apr-2015
(Official Notice)
Notice is hereby given that Preference Dividend No. 137 of 5,5 (five comma five) cents per preference share (gross) has been declared for the six months ended 31 December 2014.



The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

*the dividend has been declared out of current profits available for distribution

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 5,5 cents per share for shareholders exempt from Dividends Tax

*the net local dividend amount is 4,675 cents per share for shareholders liable for Dividends Tax

*the company has 500 000 preference shares in issue

*the company?s income tax reference number is 9130 002 604.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 8 May 2015.

*Shares will trade ex-dividend from Monday, 11 May 2015.

*The record date will be Friday, 15 May 2015 and payment will be made on Monday, 18 May 2015.

*Share certificates may not be dematerialised/ rematerialised between Monday, 11 May 2015 and Friday, 15 May 2015, both days inclusive.
03-Mar-2015
(Official Notice)
Shareholders are advised that all the resolutions contained in the notice convening the AGM were approved by the requisite majorities of shareholders present in person or represented by proxy at the AGM of the company held on 27 February 2015.

26-Jan-2015
(Official Notice)
Shareholders are advised that the form of proxy included with the notice of annual general meeting incorporated in the annual report of the company distributed to shareholders on 22 December 2014 included the following errata:

*reflected the date of the annual general meeting as 27 February 2014, which should be 2015;

*included the name of Ms. L Pampallis as a non-executive director standing for re-election in terms of ordinary resolution number 4;

*did not include the name of Mr. M Ness, who is proposed for re-election as a member of the Audit Committee in ordinary resolution number 7.



The company apologises for the errors and advises that a revised form of proxy is available on the web-site of the company at www.cullinan.co.za

07-Jan-2015
(Official Notice)
Shareholders are advised that the company?s integrated report incorporating the annual financial statements for the year ended 30 September 2014 was posted to shareholders on 22 December 2014 and is available on the website of the company at www.cullinan.co.za. The audited financial statements contain no modifications to the abridged audited group results released on SENS on 15 December 2014.



Notice of Annual General Meeting

Notice was given that the 112th Annual General Meeting of shareholders of the company (?the meeting?) will be held in the boardroom, 2nd Floor, The Travel House, 6 Hood Avenue, Rosebank, Johannesburg, at 10h00 on Friday, 27 February 2015.



Record Date

The record date for determining which shareholders are entitled to participate in and vote at the meeting is Friday, 20 February 2015. The last day to trade in order to be eligible to vote at the meeting is accordingly Friday, 13 February 2015.
19-Dec-2014
(Official Notice)
The board is pleased to announce the declaration of a final dividend of 1 cent per ordinary share in respect of the financial year ended 30 September 2014. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

*the dividend has been declared out of income reserves

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 1 cent per share for shareholders exempt from Dividends Tax

*no Secondary Tax on Companies? credits have been utilised

*the net local dividend amount is 1 cent less 15% cent, being 0.85 of a cent per share for shareholders liable for Dividends Tax

*Cullinan has 800 173 385 ordinary shares in issue

*Cullinan?s income tax reference number is 9130 002 60 4.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 9 January 2015

*Shares will trade ex-dividend from Monday, 12 January 2015

*The record date will be Friday, 16 January 2015 and payment will be made on Monday, 19 January 2015

*Share certificates may not be dematerialised/ rematerialised between Monday, 12 January 2015 and Friday, 16 January 2015, both days inclusive.

15-Dec-2014
(C)
Revenue jumped to R836.4 million (R600.6 million). Trading profit grew to R93.0 million (R66.2 million). Profit attributable to equity holders increased to R68.0 million (R56.9 million). In addition, headline earnings per share rose to 8.64cps (7.54cps).



Prospects for 2015

Cullinan's expectation for continued strong demand, a lower oil price and weaker exchange rates in 2015 provides the company with some optimism for the year ahead. This is however tempered by the material negative impact on tourism that the new South African visa regulations is having on the group's travel businesses from September 2014, as well as the impact of Ebola from October 2014. Whilst the company anticipates the effect of Ebola to be temporary, we believe the new visa regulations will have a long term damaging effect on the South African tourism and hospitality industry.



The group remains committed to investing in its various business units in 2015 to ensure that they maintain their position as market leaders in the travel sector, and accordingly the company has approved another year of robust capital expenditure for the year ahead.



Cullinan also plans to continue its focus on further development and acquisitions in its financial services segment during 2015 and to look for acquisition opportunities in the tourism sector. The intention in the financial sector is to find quality operations in niche segments, either through purchase or partnerships.



Cullinan is confident that the group can continue to achieve above average growth. The fundamentals of the core businesses remain strong, our new acquisitions in September 2013 in the tourism and travel segments have performed well, while our financial services division has expanded nicely in 2014. The group is therefore well placed for further growth in this division in 2015.
06-Oct-2014
(Official Notice)
Cullinan announced that it has acquired Chester Finance, a well-established Johannesburg based business specializing in trade finance, from the Chester Finance Group. The acquisition is effective from 1 October 2014 and was acquired for an undisclosed sum. The acquisition is an uncategorised transaction for purposes of the JSE Listings Requirements.



Chester Finance is a niche financial services business that focuses primarily on providing finance for inventory purchases. The acquisition includes the client base, together with all credit facilities and securities, a portion of the loan book, the key executives and staff and the sophisticated technology solution developed by the business.



Following the release of this announcement, caution is no longer required to be exercised by shareholders when dealing in Cullinan securities.
11-Sep-2014
(Official Notice)
Shareholders are hereby advised that the company has entered into discussions which, if successfully concluded, may have an effect on the price of the company's shares.



Accordingly, shareholders are advised to exercise caution when dealing in the company's shares until a further announcement is made.
25-Jul-2014
(Official Notice)
The Board is pleased to announce the declaration of an interim dividend of 1 cent per ordinary share in respect of the six months ended 31 March 2014.

The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:



*the dividend has been declared out of income reserves

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 1 cent per share for shareholders exempt from Dividends Tax

*no Secondary Tax on Companies? credits have been utilised

*the net local dividend amount is 1 cent less 15%, being 0.85 of a cent per share for shareholders liable for Dividends Tax

*Cullinan has 800 173 385 ordinary shares in issue

*Cullinan?s income tax reference number is 9130 002 60 4.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 8 August 2014

*Shares will trade ex-dividend from Monday, 11 August 2014

*The record date will be Friday, 15 August 2014 and payment will be made on Monday, 18 August 2014

*Share certificates may not be dematerialised/ rematerialised between Monday, 11 August 2014 and Friday, 15 August 2014, both days inclusive.



25-Jul-2014
(Official Notice)
Notice is hereby given that Preference Dividend No. 136 of 5.5 (five comma five) cents per preference share (gross) has been declared for the six months ended 30 June 2014.

The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:



*the dividend has been declared out of current profits available for distribution

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 5.5 cents per share for shareholders exempt from Dividends Tax

*no Secondary Tax on Companies? credits have been utilised

*the net local dividend amount is 4 675 cents per share for shareholders liable for Dividends Tax

*the company has 500 000 preference shares in issue

*the company?s income tax reference number is 9130 002 604.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 15 August 2014.

*Shares will trade ex-dividend from Monday, 18 August 2014.

*The record date will be Friday, 22 August 2014 and payment will be made on Monday, 25 August 2014.



Share certificates may not be dematerialised/ rematerialised between Monday, 18 August 2014 and Friday, 22 August 2014, both days inclusive.







08-May-2014
(C)
Revenue jumped to R441.4 million (R284.6 million) and gross profit rose to R277.5 million (R193.3 million). Operating profit grew to R54.6 million (R32.7 million). Profit attributable to equity holders shot up to R43.7 million (R27.2 million). In addition, headline earnings per share increased to 5.46cps (3.79cps).



Prospects

Cullinan is confident about the future long-term growth prospects for the group and the ability to leverage its unique scale of operation within the tourism industry in Southern Africa. The anticipated growth in the tourism market to Southern Africa, both from Asia and other traditional markets is looking very strong and to some extent positively impacted by a weaker Rand and disruptions in other parts of the world, such as Egypt. The fundamentals of our core businesses are strong and the new acquisitions in the tourism and travel segments are well placed to take advantage of this upward trend. Outbound Travel remains solid, and with the diversification into Financial Services, the company believes the group is well placed for continued growth.
02-May-2014
(Official Notice)
Shareholders are advised that the headline earnings per share for the six month period ended 31 March 2014 are expected to be between 60% and 65% higher than those for the corresponding period last year and earnings per share for the six month period ended 31 March 2014 are expected to be between 40% and 45% higher than those for the corresponding period last year.



It is expected that the interim results for the period will be released on or about 8 May 2014.
26-Feb-2014
(Official Notice)
Shareholders are advised that, at the Meeting of the company held on 26 February 2014, all of the resolutions set out in the notice of the Meeting were passed by the requisite majority of shareholders present in person or represented by proxy.

26-Feb-2014
(Official Notice)
Shareholders are advised that, at the AGM of the company held on 26 February 2014, all of the resolutions set out in the notice of the AGM were passed by the requisite majority of shareholders present in person or represented by proxy.

31-Jan-2014
(Official Notice)
Notice was given that preference dividend no 135 of 5.5 cents per preference share (gross) has been declared for the six months ended 31 December 2013. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 14 February 2014.

*Shares will trade ex-dividend from Monday, 17 February 2014.

*The record date will be Friday, 21 February 2014 and payment will be made on Monday, 24 February 2014.

*Share certificates may not be dematerialised/ rematerialised between Monday, 17 February 2014 and Friday, 21 February 2014, both days inclusive.
23-Dec-2013
(Official Notice)
Shareholders are advised that, in accordance with the requirements of King III, the roles of Chairman and Chief Executive Officer have been separated.



Accordingly, Mr. Michael Tollman, the Chief Executive Officer and Acting Executive Chairman, will relinquish his role as Acting Executive Chairman and will be replaced by Mr. Gavin Tollman as Non-executive Chairman with immediate effect.

23-Dec-2013
(Official Notice)
Shareholders are advised that:

*the annual report, incorporating a notice convening the annual general meeting of the company (the AGM), was distributed to shareholders on Monday, 23 December 2013 and is available on the web-site of the company at www.cullinan.co.za;

*The annual report contains a classification change to the prior year comparatives of the Audited consolidated results which were released for 2012: Dividends paid have been moved from reflecting in Financing Activities to Operating Activities and acquisitions due to business combinations have been combined whereas in the prior year they had been separately disclosed between plant, property and equipment and intangibles. This has been done to more correctly reflect the cash flow activities of the group.



The AGM will be held at 10:00 on Wednesday, 26 February 2014 in the boardroom, 2nd Floor, The Travel House, 6 Hood Street, Rosebank, Johannesburg; the record date for purposes of determining which shareholders are entitled to participate in and vote at the AGM is Friday, 14 February 2014. Accordingly, the last day to trade in order to be eligible to vote at the AGM will be Friday, 7 February 2014.
23-Dec-2013
(Official Notice)
The board announce the declaration of a final dividend of 2 cents per ordinary share in respect of the year ended 30 September 2013 (2012: 2 cents). The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:



*the dividend has been declared out of income reserves

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 2 cents per share for shareholders exempt from Dividends Tax

*no Secondary Tax on Companies? credits have been utilised

*the net local dividend amount is 1,70 cents per share for shareholders liable for Dividends Tax

*Cullinan has 800,173,385 ordinary shares in issue, of which 718,355,204 rank for the dividend

*Cullinan?s income tax reference number is 9130 002 60 4.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 10 January 2014

*Shares will trade ex-dividend from Monday, 13 January 2014

*The record date will be Friday, 17 January 2014 and payment will be made on Monday, 20 January 2014

*Share certificates may not be dematerialised/ rematerialised between Monday, 13 January 2014 and Friday, 17 January 2014, both days inclusive.
23-Dec-2013
(C)
Revenue increased to R600.6 million (R454.8 million). Operating profit rose to R66.2 million (R41.8 million). Net attributable profit was up to R56.9 million (R35.6 million). In addition, headline earnings per share grew to 7.54cps (4.95cps).



Dividend

A final ordinary dividend of 2cps has been declared.



Prospects

Cullinan are confident about the future growth prospects for the group. The group anticipate growth in the tourism market to Southern Africa over the next 5 years, both from Asia and other traditional markets. The fundamentals of our core businesses are strong and the new acquisitions in the tourism and travel segments are well placed to take advantage of this expected upward trend. It is two months since we acquired the various tourism companies from Imperial Holdings Limited and we have already taken a number of key decisions which we believe will achieve a significant improvement in the performance of these business units. We remain committed to investing and improving our various historical businesses and to maintaining our position as market leader in the travel services sector. As such we have approved a further robust capital expenditure programme for 2014. The Cullinan Financial Services Division is a very promising development for the Group and an important diversification from the Tourism and Leisure sector. The group expect that this division will be a major contributor to growth within the group over the next 5 years and we will continue to look for market opportunities in this niche sector.
15-Nov-2013
(Official Notice)
Shareholders were advised that earnings per share for the financial year ended 30 September 2013 are expected to be between 50% and 60% higher than those for the corresponding period last year while headlines earnings per share are expected to be between 45% and 55% higher than those of the corresponding period. These results incorporate the pro rata results of the acquisition of the tourism interests of Imperial Holdings Ltd., which were acquired with effect from 1 September 2013 for an issue of shares, diluted accordingly. It is expected that the results for the period will be released on or about 20 December 2013.
01-Nov-2013
(Official Notice)
Shareholders are referred to the announcement dated 30 August 2013 in this regard and are advised that the Namibian Competition Commission has now approved the acquisition of the Namibian interests of Imperial Tourism and the acquisition has been fully implemented.
20-Sep-2013
(Official Notice)
The further cautionary announcement dated 30 August 2013 related to the acquisition of Imperial Group Ltd.'s tourism assets has been withdrawn.
20-Sep-2013
(Official Notice)
Shareholders were referred to the announcement dated 17 July 2013 in this regard and are advised that the Competition Commission of South Africa has approved the acquisition of the South African interests of Imperial Tourism. This portion of the acquisition is therefore unconditional and the effective date of the acquisition is 1 September 2013. As the Namibian portion of the acquisition has not yet been approved by the Namibian Competitions Commission, this agreement is still conditional on this approval.
30-Aug-2013
(Official Notice)
Shareholders are referred to the announcement dated 17 July 2013 in this regard and are advised that the Competition Commission has not yet formally approved the acquisition. The cautionary announcement dated 17 July 2013 is therefore extended until such time as a further announcement in this regard is made.
26-Jul-2013
(Official Notice)
Notice is given that Preference Dividend number 134 of 5.5 cents per preference share (gross) has been declared for the six months ended 30 June 2013. The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

* the dividend has been declared out of current profits available for distribution

* the local Dividends Tax rate is 15%

* the gross local dividend amount is 5.5 cents per share for shareholders exempt from Dividends Tax

* no Secondary Tax on Companies' credits have been utilised

* the net local dividend amount is 4 675 cents per share for shareholders liable for Dividends Tax

* the company has 500 000 preference shares in issue

* the company's income tax reference number is 9130 002 604.



Salient dates

* The last date to trade in order to be eligible for the dividend will be Friday, 16 August 2013.

* Shares will trade ex-dividend from Monday, 19 August 2013.

* The record date will be Friday, 23 August 2013 and payment will be made on Monday, 26 August 2013.

* Share certificates may not be dematerialised/ rematerialised between Monday, 19 August 2013 and Friday, 23 August 2013, both days inclusive.
18-Jul-2013
(Official Notice)
Shareholders were advised to continue to exercise caution when dealing in the company's securities until a further announcement containing the pro forma financial effects of the acquisition is published.
10-Jul-2013
(Official Notice)
Shareholders were referred to the cautionary announcement dated 28 May 2013 and are advised that the discussions referred to therein, are continuing. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's shares.
21-Jun-2013
(Official Notice)
Shareholders are referred to the announcement released on 14 June 2013 and are advised that Mr Michael Tollman, the newly appointed Chief Executive Officer of the company, will continue in office as Executive Chairman and CEO until the appointment of an independent non-executive chairman, which process is not expected to exceed six months. In any areas of potential conflict, the lead independent non-executive director of the company will act as chairman.
14-Jun-2013
(Official Notice)
Shareholders were advised that Mr Michael Tollman, the current executive chairman and acting chief executive officer ("CEO") of the company, has been appointed as CEO with immediate effect.
28-May-2013
(Official Notice)
Shareholders are referred to the withdrawal of cautionary announcement dated 10 May 2013 and are advised that the discussions referred to therein have been renewed. Accordingly, shareholders are advised to exercise caution when dealing in the company's shares.
10-May-2013
(Official Notice)
Shareholders are referred to the cautionary announcement dated 19 April 2013, and are advised that the discussions referred to therein, have been terminated. Accordingly, shareholders are advised that it is no longer necessary to excise caution when dealing in the company's shares.
09-May-2013
(C)
Revenue for the interim period jumped to R284.6 million (R236.6 million) whilst gross profit rose to R193.3 million (R176.3 million). Operating profit increased to R32.7 million (R26.6 million). Profit attributable to equity holders grew to R27.2 million (R21.7 million). Furthermore, headline earnings per share were greater at 3.79cps (3.02cps).



Prospects

Whilst the general economic environment continues to look unpredictable, the group has performed very well over the prior year and over the past six months and indications are that this will continue although there are potential risks ahead. Risks include the effect of the exchange rate on outbound travel in particular, higher input costs such as fuel and the general uncertainty around the retail sector in South Africa. Conversely, the exchange rate presents opportunity for inbound tourism while the operational changes detailed above provide a solid base to grow. Obviously the sound financial position and strong cash reserves provide the group with the necessary options to grow.



Looking forward, the board has identified a number of opportunities to ensure the group remains a market leader in Southern Africa. These include:

*The continued investment in technology to provide the tourism and travel businesses with a leading edge ERP system, providing seamless integration between the service provider, tour operator and the customer.

*The continued re-investment in fleet, including expansion in the Gauteng region, as well as ensuring that the standards of fleet, its services and its coach depots are of a world-class standard, and has the best standards in the industry.

*The continued focus on China as a growth area for inbound tourism.



The company will continue to look for meaningful acquisition opportunities.
02-May-2013
(Official Notice)
Shareholders were advised that the headline earnings and earnings per share for the six month period ended 31 March 2013 are expected to be 25.5% higher than those for the corresponding period last year. It is expected that the interim results for the period will be released on or about 9 May 2013.
19-Apr-2013
(Official Notice)
Shareholders were advised that the company has entered into discussions which, if successfully concluded, may have an effect on the market price of the company's shares. Accordingly, shareholders were advised to exercise caution when dealing in the company's shares until a further announcement is made.
15-Mar-2013
(Official Notice)
Shareholders were advised that Ms Mato Madlala has resigned as a director of the company with immediate effect.
13-Mar-2013
(Media Comment)
Buisness Report highlighted that despite the current economic difficulties, travel from the country's main source markets for tourism and trips overseas by South Africans were growing this year, according to Michael Tollman, the chairman and chief executive of Cullinan Holdings. The company is investing in recent acquisitions and looking for more. The company has also been doing business in China for 10 years and opened new offices in Shangai last year. It is also in the process of developing an office building for its tourism retail business on the edge of the historic Bo-Kaap area in Cape Town. Similar developments in other parts of South Africa include a coach depot in Centurion.
22-Feb-2013
(Official Notice)
Shareholders are advised that, at the Annual General Meeting of the company held on 22 February 2013, all the resolutions set out in the notice of Annual General Meeting were passed by the requisite majority of shareholders present in person or represented by proxy.
08-Feb-2013
(Official Notice)
Shareholders are advised that a copy of the MOI proposed for approval at the Annual General Meeting of the company to be held on 22 February 2013 is available for inspection on the web-site of the company at www.cullinan.co.za. A hard copy of the MOI may be obtained from the company secretary on request.
01-Feb-2013
(Official Notice)
Notice was given that preference dividend no 133 of 5.5c per preference share (gross) has been declared for the six months ended 31 December 2012. The dividend will be subject to the dividends tax that was introduced with effect from 1 April 2012. The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 15 February 2013.

*Shares will trade ex-dividend from Monday, 18 February 2013.

*The record date will be Friday, 22 February 2013 and payment will be made on Monday, 25 February 2013.
21-Dec-2012
(Official Notice)
Shareholders were advised that:

*the annual report, incorporating a notice convening the annual general meeting of the company ("the AGM"), was posted to shareholders on 20 December 2012 and is available on the web-site of the company at www.cullinan.co.za;

*the AGM will be held at 10:00 on Friday, 22 February 2013 in the boardroom, 2nd Floor, The Travel House, 6 Hood Street, Rosebank, Johannesburg;

*the record date for purposes of determining which shareholders are entitled to participate in and vote at the AGM is Friday, 15 February 2013. Accordingly, the last day to trade in order to be eligible to vote at the AGM will be Friday, 8 February 2013.
12-Dec-2012
(Official Notice)
The board announced the declaration of a dividend of 1 cent per ordinary share in respect of the year ended 30 September 2012 (2011: nil), thus bringing the total dividend payable for the year to 2 cents (2011: nil). The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Thursday, 27 December 2012

*Shares will trade ex-dividend from Friday, 28 December 2012

*The record date will be Friday, 4 January 2013 and payment will be made on Monday, 7 January 2013



Share certificates may not be dematerialised/ rematerialised between Friday, 28 December 2012 and Friday, 4 January 2013, both days inclusive.
12-Dec-2012
(C)
Revenue increased to R454.8 million (R393.7 million). Operating profit rose to R41.8 million (R27.3 million). Net attributable profit was up by more than 50% to R35.6 million (R22.1 million). In addition, headline earnings per share grew to 4.95cps (3.08cps).



Dividend

A final ordinary dividend of 1cps has been declared.



Outlook

The prospects for the group for the 2013 year remain positive and we expect continued growth within the group. Whilst there are concerns around external factors such as the economy, inflationary pressure and exchange rates, the fundamentals of the business are strong. The group owns many leading travel brands, has proven leadership within each business unit, an ability to increase market share and a robust financial position, while a number of fundamental steps have also been taken in 2012 to support the group's growth strategy for the year ahead. Based upon the above, the group will continue to actively look for acquisitions and growth opportunities and also continue to focus on providing consistent and outstanding service levels in each business unit.
16-Nov-2012
(Official Notice)
The board of Cullinan announced that the group's results for the year ended 30 September 2012, being earnings and headline earnings per share, are expected to be between 60% to 65% higher than the earnings and headline earnings per share for the prior comparative period.
17-Aug-2012
(Official Notice)
Notice is hereby given that Preference Dividend No. 132 of 5,5 (five comma five) cents per preference share (gross) has been declared for the six months ended 30 June 2012.



The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following additional information is disclosed:

*the dividend has been declared out of current profits available for distribution

*the local Dividends Tax rate is 15%

*the gross local dividend amount is 5,5 cents per share for shareholders exempt from Dividends Tax

*no Secondary Tax on Companies' credits have been utilised

*the net local dividend amount is 4,675 cents per share for shareholders liable for Dividends Tax

*the company has 500 000 preference shares in issue *the company?s income tax reference number is 9130 002 604.



The following dates are applicable to the dividend:

*The last date to trade in order to be eligible for the dividend will be Friday, 31 August 2012.

*Shares will trade ex-dividend from Monday, 3 September 2012.

*The record date will be Friday, 7 September 2012 and payment will be made on Monday, 10 September 2012.

*Share certificates may not be dematerialised/ rematerialised between Monday, 3 September 2012 and Friday, 7 September 2012), both days inclusive.
30-May-2012
(C)
Turnover for the interim period increased to R233.8 million (2011: R196.4 million). Operating profit jumped to R26.6 million (2011: R16.2 million), while profit attributable to equity holders rose to R21.7 million (2011: R12.4 million). Furthermore, headline earnings per share grew to 3.02cps (2011: 1.73cps).



Dividend

As announced on earlier on SENS, the company resumed payments of dividends in the period with the declaration of a dividend of 1cps.



Prospects

Whilst the general economic environment continues to present challenges, the group has performed well over the past six months and the group is well-placed to continue to do so in future. Looking forward, the board has identified a number of opportunities to ensure the group remains a market leader in Southern Africa. These include:

* Significant capital investment in a new ERP system for the wholesale travel businesses (Inbound and Outbound). This investment will provide greater efficiency and service to customers, but equally provides a platform which will meet the current and future requirements for the business.

* Significant capital investment in the Transport segment of the business through additional capital expenditure in coaches for Hylton Ross Tours and Ikapa.

* New depot facilities are being developed for the group in Cape Town and Johannesburg, which will provide the group with state of the art facilities for the coaching division and create the capacity to increase its fleet. Both depots will be completed by November 2012.

* New offices are being built in Cape Town for the group. These offices will house the Thompsons Holidays reservations office, Pentravel marketing as well as Thompsons Travel retail and corporate travel agencies, further enhancing co-operation and synergy for the group. These offices are expected to be completed in March 2013. The company will continue to look for meaningful acquisition opportunities.
26-Apr-2012
(Official Notice)
Shareholders are advised that the headline earnings and earnings per share for the six month period ended 31 March 2012 are expected to be between 70% and 80% higher than those for the corresponding period last year.
16-Mar-2012
(Official Notice)
Notice is hereby given that interim dividend no 130 of 1 (one) cent per share has been declared for the six months ending 31 March 2012.

*The last date to trade in order to be eligible for the dividend will be Friday, 13 April 2012.

*Shares will trade ex-dividend from Monday, 16 April 2012.

*The record date will be Friday, 20 April 2012 and payment will be made on Monday, 23 April 2012.

*Share certificates may not be dematerialised/ rematerialised between Monday, 16 April 2012 and Friday, 20 April 2012, both days inclusive.
24-Feb-2012
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held on 23 February 2012, all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders present in person or represented by proxy.
03-Feb-2012
(Official Notice)
Notice was given that preference dividend no 131 of 5.5 cents per share has been declared for the six months ended 31 December 2011. The last date to trade in order to be eligible for the dividend will be Friday, 17 February 2012. Shares will trade ex-dividend from Monday, 20 February 2012. The record date will be Friday, 24 February 2012 and payment will be made on Monday, 27 February 2012. Share certificates may not be dematerialised/ rematerialised between Monday, 20 February 2012 and Friday, 24 February 2012, both days inclusive.
25-Nov-2011
(Official Notice)
Shareholders are advised that the headline earnings per share for the financial year ended 30 September 2011 are expected to be between 15 and 20% lower than those for the corresponding period last year. Attributable earnings per share are expected to be between 18 and 23% lower than those for the corresponding period last year.
02-Sep-2011
(Official Notice)
Notice is hereby given that preference dividend no. 130 of 5.5 (five comma five) cents per share has been declared for the six months ended 30 June 2011.

*The last date to trade in order to be eligible for the dividend will be Friday, 16 September 2011.

*Shares will trade ex-dividend from Monday, 19 September 2011.

*The record date will be Friday, 23 September 2011 and payment will be made on Monday, 26 September 2011.

*Share certificates may not be dematerialised/ rematerialised between Monday, 19 September 2011 and Friday, 23 September 2011, both days inclusive.
23-Aug-2011
(Official Notice)
The board of directors of the company announced the following changes to the board and senior management:

*Mr Amihai Azoulay has been appointed as a non-executive director with effect from 1 August 2011; and

*Mr Bradley Allison has been appointed as company secretary with effect from 1 August 2011.
05-May-2011
(C)
Revenue decreased to R198 million (R200.4 million). Operating profit increased to R16.2 million (R14.2 million). Net attributable profit attributable rose to R12.4 million (R11.5 million). In addition, headline earnings per share grew to 1.73cps (1.60cps).



Outlook

Whilst the general economic environment continues to be challenging, Cullinan has performed well over the past six months and is well-placed to continue expansion. Improvement in the group's balance sheet and cash position allow for further acquisitions as opportunities arise.
01-Mar-2011
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held on 25 February 2011, all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders present in person or represented by proxy.
11-Feb-2011
(Official Notice)
Notice is hereby given that preference dividend No. 129 of 5.5 (five comma five) cents per share has been declared for the six months ended 31 December 2010.

*The last date to trade in order to be eligible for the dividend will be Friday, 25 February 2011.

*Shares will trade ex-dividend from Monday, 28 February 2011.

*The record date will be Friday, 4 March 2011 and payment will be made on Monday, 7 March 2011.

*Share certificates may not be dematerialised/ rematerialised between Monday, 28 February 2011 and Friday, 4 March 2011, both days inclusive.

21 Jan 2011 09:21:43
(Official Notice)
The board of Cullinan announced the appointment of Sindiswa Nhlumayo as an independent non-executive director with effect from 19 January 2011.



30 Dec 2010 13:34:24
(C)
Revenue fell to R405.1 million (R406.5 million), while operating profit improved to R33.3 million (R22.6 million). Income attributable to ordinary equity holders of the company soared to R27.8 million (R18 million), resulting in headline earnings per share increasing to 3.75 cps (2.04cps).



Dividends

No dividend was declared in the period under review.



Prospects

While the 2010 results reflect a significant improvement on prior years, there remains room to increase profitability within the Group. Growth in sales in 2011 is expected to remain challenging due to current economic conditions. Despite these challenges, improved efficiencies should create opportunities to increase market share in various sectors in the business. The group's balance sheet is supportive of further acquisitions. With significant improvements implemented throughout the operations of the group over the past 18 months, the board will actively pursue acquisition opportunities in 2011.
15 Dec 2010 11:03:53
(Official Notice)
The board of Cullinan announced the resignation of Ms Vicki O'Hana as non-executive director with effect from 14 December 2010.
10 Nov 2010 08:38:11
(Official Notice)
Shareholders are advised that the headline earnings per share for the financial year ended 30 September 2010 are expected to be between 75% and 85% higher than those for the corresponding period last year. Attributable earnings are expected to be between 50% and 60% higher than those for the corresponding period last year.
13 Jul 2010 09:58:50
(Official Notice)
Notice was given that preference dividend number 128 of 5.5 (five comma five) cents per share had been declared in respect of the six months ended 30 June 2010. The last date to trade in order to be eligible for the dividend will be Friday 23 July 2010. Shares will trade ex-dividend from Monday 26 July 2010. The record date will be Friday 30 July 2010 and payment will be made on Monday 2 August 2010. Share certificates may not be dematerialised/ rematerialised between Monday 26 July 2010 and Friday 30 July 2010, both days inclusive.
01 Jun 2010 08:36:22
(C)
Revenue decreased to R200 351 million (March 2009: R209 415 million). Operating profit increased to R14 229 million(March 2009: R 7 901 million), while headline earnings per share rose to 1.64cps (March 2009: 0.79cps). The results for the six month period show a substantial improvement on 2009. Although sales continue to be affected by the general economic malaise, the measures taken in the last twelve months to improve product and efficiency and manage overheads have resulted in improved performance in the Travel - Tourism businesses. As anticipated, the Marine businesses have struggled in the period under review as the effects of the economic slowdown really took hold in this period. Fortunately, steps taken in anticipation of this have allowed Cullinan to manage this slowdown and mitigate the effect.



Prospects

Difficult market conditions remain an ongoing challenge for management with the impact of the World Cup still to be seen. Despite these difficult market conditions, the company is cautiously optimistic about its business prospects over the next twelve months.
11 May 2010 09:53:34
(Official Notice)
Shareholders are advised that the headline earnings and earnings per share for the six months ended 31 March 2010 are expected to be between 100% and 110% higher than those for the corresponding period last year. This financial information has not been reviewed and reported on by the auditors of the company.
09 Apr 2010 11:14:31
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held on 7 April 2010, all the resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders present in person or represented by proxy.
08 Apr 2010 08:43:10
(Official Notice)
Notice was given that preference dividend number 127 of 5.5 cents per share had been declared for the six months ended 31 December 2009.

* The last date to trade in order to be eligible for the dividend will be Thursday, 22 April 2010.

* Shares will trade ex-dividend from Friday, 23 April 2010.

* The record date will be Friday, 30 April 2010 and payment will be made on Monday, 3 May 2010.

* Share certificates may not be dematerialised/ rematerialised between Friday, 23 April 2010 and Friday 30 April 2010, both days inclusive.
02 Mar 2010 11:52:15
(Official Notice)
Shareholders are advised that the annual report, incorporating a notice convening the annual general meeting of the company ("the AGM"), was posted to shareholders on 22 February 2010. There have been no material changes to the financial information published in the provisional report dated 8 December 2009. The AGM will be held at 10:00 on 7 April 2010 in the boardroom, 2nd Floor, The Travel House, 6 Hood Avenue, Rosebank, Johannesburg.
23 Dec 2009 09:37:03
(Official Notice)
Shareholders of Cullinan are advised that, with effect from 18 December 2009, Ms DT (Mato) Madlala and Mr R Arendse have been appointed as non-executive directors of the company.
08 Dec 2009 13:41:14
(C)
Revenue increased to R406.5 million (R397.6 million). Operating profit rose to R22.6 million (R16.7 million). Net profit attributable to ordinary shareholders improved to R18 million (R16.3 million). In addition, headline earnings on a per share basis more doubled to 2.04cps (0.69cps).



Outlook

Whilst economic conditions remain challenging, management changes in March 2009 have improved the dynamics of the business and prospects are positive for the year ahead. The group plans to continue to focus on growing its business organically and is well placed to benefit from the 2010 World Cup. Efforts will also continue to look for further growth opportunities through acquisition.
08 Dec 2009 08:15:20
(Official Notice)
Shareholders are advised that the headline earnings per share for the twelve months ended 30 September 2009 are expected to be between 190% and 200% higher than those for the corresponding period last year, whilst attributable earnings per share for the same period are expected to be between 8% and 12% higher.
17 Sep 2009 13:29:31
(Official Notice)
Preference dividend no 126 of 5.5cps has been declared for the six months ended 30 June 2009. The last date to trade in order to be eligible for the dividend will be Friday 2 October 2009. Shares will trade ex-dividend from Monday 5 October 2009. The record date will be Friday 9 October 2009 and payment will be made on Monday 12 October 2009.
19 Jun 2009 10:39:25
(C)
The results for the six month period have been affected by volatile currency fluctuations and the challenging local and global market conditions. The impact of current market conditions was felt in the Tourism and Travel sector of the group. The Marine and Boating divisions have been largely unaffected by the economy as yet, with the long lead time in boat building meaning the order books are still strong. Cash flow has declined due to the acquisition of Central Boating in October paid out of cash reserves, while the Outbound division which receives payment in advance has seen a shorter booking lead time. This has resulted in reduced cash inflows. Cash flows have now stabilised and are expected to improve in the future. The group reported a decline in turnover of 7.97% with headline earnings decreasing from 1.82cps to 0.79cps. No dividends had been declared.



Prospects

Difficult market conditions remain an ongoing challenge for management. The group continues to look at increasing efficiency and managing costs while maximising all sales opportunities. The group is well placed to take advantage of improvements in the global economy and in particular for the 2010 World Cup.
07 May 2009 17:08:42
(Official Notice)
Shareholders are advised that the headline earnings and earnings per share for the six months ended 31 March 2009 are expected to be between 55 and 60% lower than those for the corresponding period last year.
18 Mar 2009 11:53:53
(Official Notice)
The board of directors of the company wishes to advise shareholders that, with effect from 18 March 2009:

*Mr. Andre Viljoen has resigned as a director and Chief Executive Officer of the company. Mr. Michael Tollman, the current non-executive Chairman, has been appointed as Executive Chairman and CEO until such time as a long term replacement is appointed by the company

*Mr. David Standage, the current Chief Financial Officer of the company, has been appointed as the Financial Director of the company.
30 Jan 2009 09:03:26
(Official Notice)
Notice was given that preference dividend no 125 of 5.5cps has been declared for the six months ended 31 December 2008. The last date to trade in order to be eligible for the dividend will be Friday 13 February 2009. Shares will trade ex-dividend from Monday, 16 February 2009. The record date will be Friday, 20 February 2009 and payment will be made on Monday, 23 February 2009.
18 Dec 2008 16:33:25
(C)
The group reported a net profit of R16.31 million, down 26.75% from the previous year. Headline earnings per share decreased from 3.10c to 0.69c.



Prospects

Difficult market conditions remain an ongoing challenge for management. To address these conditions, the company embarked upon a cost reduction and efficiency improvement drive during the year. The company will remain focused on increasing sales next year. The company will also continue to take advantage of market opportunities as they arise during 2009.
18 Nov 2008 16:46:39
(Official Notice)
Mr Brian Jacobs has resigned as company secretary and chief financial officer with effect from 18 November 2008 and Mr David Standage has been appointed as his successor in both capacities.
09 Oct 2008 14:51:36
(Official Notice)
Shareholders are advised that the headline earnings per share for the financial year ended 30 September 2008 are expected to be approximately 60 to 70% lower than those for the corresponding period last year, while earnings per share will decrease by approximately 50 to 60%. The decline in expected profits of the company is due to adverse trading conditions over the past year. The company believes that the fluctuation of currencies and generally negative publicity regarding holidays as well as poor general market conditions, have resulted in a decline in both the inbound and outbound travel businesses of Cullinan Holdings. The company has addressed these conditions by way of a number of new sales initiatives, the implementation of cost reduction measures and an efficiency drive throughout the group. In addition, Cullinan has purchased Central Boating with effect from October 1st 2008. Central Boating is a marine industry leader in the importation and distribution of leisure marine equipment to both the yachting and power boat sectors of the market in South Africa. The acquisition of Central Boating will strengthen Cullinan's current presence in the marine industry and will add additional profits to the group in the future. This financial information has not been reviewed and reported on by the auditors of the company.
25 Jul 2008 10:04:52
(Official Notice)
The announcement disseminated on SENS on Thursday, 24 July 2008, showed the effective date of the changes to the board and appointment of company secretary as being 17 June 2008. This date was incorrect and the effective date should have read 16 July 2008.
24 Jul 2008 15:44:14
(Official Notice)
The board of directors hereby announces the following changes to the board (with effect from 17 June 2008) and senior management:

*Mr Michael Ness will retire as non-executive chairman of the company. Mr Ness will, however, remain on the board as a non-executive director.

*Mr Michael Tollman has been appointed as non-executive chairman;

*Mr Brian Jacobs has been appointed as company secretary with effect from 15 July 2008. In addition to his role as company secretary, he will also act as CFO for the company.
11 Jul 2008 11:21:11
(Official Notice)
Preference dividend number 130 of 5.5 cents per share has been declared in respect of the six months ended 30 June 2008.

*The last date to trade in order to be eligible for the dividend will be Friday, 25 July 2008.

*Shares will trade ex-dividend from Monday, 28 July 2008.

*The record date will be Friday, 1 August 2008 and payment will be made on Monday, 4 August 2008.

*Share certificates may not be dematerialised / rematerialised between Monday, 28 July 2008 and Friday, 1 August 2008, both days inclusive.
19 Jun 2008 18:01:24
(C)
Attributable earnings per share increased by 28% to R16.2 million for the six months to March 2008 and headline earnings per share increased by 3% to R13.0 million. The contributors to the growth were the Thompsons Inbound division, Thompsons Touring and Hylton Ross, all of which enjoyed good trading conditions and improved profits. The Outbound division and the Leisure retail operations experienced slower sales. The group?s cash flow remained positive for the period under review.



Dividends

The board declared a dividend of 1 cent per share for the year ending 30 September 2008.



Prospects

The poor global economic outlook, the high inflation rate and the high interest rates facing South Africans, is expected to have a negative impact on the sales of holidays and travel products in the next six months.
05 Jun 2008 16:51:20
(Official Notice)
The board of directors announces the resignation of Mr Quentin Southey as company secretary with immediate effect.
16 May 2008 17:14:49
(Official Notice)
Shareholders are advised that the headline earnings per share for the six months ended 31 March 2008 will show similar figures to the corresponding period last year, while earnings per share will increase by approximately 25% - 30%.
21 Feb 2008 13:39:44
(Official Notice)
Notice is hereby given that preference dividend No. 123 of 5.5 (five comma five) cents per share has been declared in respect of the six months ended 31 December 2007. The last date to trade in order to be eligible for the dividend will be Thursday 13 March 2008. Shares will trade ex dividend from Friday 14 March 2008. The record date will be Thursday 20 March 2008 and payment will be made on Tuesday 25 March 2008. Share certificates may not be dematerialised / rematerialised between Friday 14 March 2008 and Thursday 20 March 2008, both days inclusive.
12 Jul 2006 14:57:43
(Official Notice)
Preference dividend no. 120 of 5.5c per share each, has been declared in respect of the six months ended 30 June 2006. The last date to trade in order to be eligible for the dividend will be Friday 21 July 2006. Shares will trade ex dividend from Monday 24 July 2006. The record date will be Friday 28 July 2006 and payment will be made on Monday 31 July 2006.
27 Jun 2006 17:32:07
(Official Notice)
Further to the preliminary announcement published in the press on 8 May 2006, shareholders are advised to continue to exercise caution when dealing in the company's shares until a further detailed announcement is made.
22 Jun 2006 16:16:45
(Official Notice)
In anticipation of the reconstitution of the board in terms of the agreement governing the acquisition of Thebe Tourism Group (Pty) Ltd, Mr Q A Southey has resigned from the board with immediate effect. He will however continue in office as the company secretary.
30 May 2006 17:01:21
(C)
Cullinan posted attributable earnings for the six months of R12.0 million which was 31.6% higher than the same period last year, while headline earnings increased by 15.5% to 1.7cps. Operating income rose marginally from R13 million to R14.6 million with attributable earnings up from R9.1 million to R12 million.The major contributors to the growth were the outbound and retail divisions, both of whom enjoyed buoyant trading conditions and improved trading profits. Cash flow was positive with cash balances improving from R102 million at the end of September 2005 to R121 million in March 2006. A dividend of 1cps was declared.



Thompsons Tours (Outbound)

The outbound travel market remains strong reflecting buoyant consumer demand and an exchange rate that keeps international travel affordable. While the high oil price is a concern it has not affected the good demand for travel both domestically and abroad.

Thompsons Africa (Inbound)

While sales out of Germany and Holland are flat, good growth has been experienced from Japan and the USA. The market remains difficult with restricted air lift from major source markets, a strong rand and the high oil price. The expansion of the regional footprint continues with pleasing results coming from all locations.

Retail Travel

The expanded Pentravel has produced good results in what is traditionally a difficult market sector. The small corporate offices of Thompsons Travel are likely to be the major beneficiaries of the BEE deal concluded with Thebe.

Manex and Power Marine

Manex supplies components to the local yacht building industry and distributes diving gear to the retail trade. While trading conditions have improved marginally, the business is heavily dependent on the local yacht building industry, which in turn is sensitive to the nuances of the volatile exchange rate.



Prospects

The impact of the new acquisitions will result in improved earnings for the next six months.
16 May 2006 15:10:25
(Official Notice)
Shareholders are advised that the headline earnings per share for the six months ended 31 March 2006 are expected to be 15% higher than those for the corresponding period last year, while earnings per share will increase by approximately 31%. The results to 31 March 2006 do not include any effects from the recently announced acquisitions by the company of Hylton Ross Tours (Pty) Ltd and Thebe Tourism Group (Pty) Ltd, both of which are subject to the fulfilment of conditions precedent.
10 May 2006 13:52:36
(Official Notice)
Messrs GB Tollman and MR Bagus have resigned as non-executive directors of Cullinan, while Mr. Michael Tollman has been appointed as a non-executive director, with immediate effect.
08 May 2006 15:42:39
(Official Notice)
The company has entered into an agreement dated 8 May 2006 with Thebe Investment Corporation (Pty) Ltd for the acquisition of Thebe Tourism Group (Pty) Ltd. Cullinan will acquire, with effect from 1 April 2006, the entire issued share capital and outstanding shareholders' loans in Thebe Tourism Group in exchange for new Cullinan shares, which will result in the vendors of Thebe Tourism Group holding not more than 25% of Cullinan's enlarged issued share capital. The new Cullinan shares will be issued at a price of 45cps. A further detailed announcement, which will include full details of the terms and conditions of the transaction and the financial effects, will be published in due course. Shareholders are accordingly advised to continue to exercise caution when dealing in the company's share until such announcement is made.
21 Apr 2006 17:06:47
(Official Notice)
Cullinan has, subject to the conditions precedent, acquired Hylton Ross from Tworeck and David Munton for a consideration of R31 million (comprising net assets of R16.65 million and goodwill of R14.37 million) to be settled in cash. The effective date of the acquisition is 1 September 2005. The agreement between the parties contains warranties that are usually found in agreements regarding transactions of this nature.



Shareholders are advised that Cullinan is still conducting discussions that may have an effect on the share price and shareholders are accordingly urged to exercise caution in trading in their shares until a further announcement in this regard is made.





24 Mar 2006 16:53:58
(Official Notice)
Further to the cautionary announcement dated 10 February 2006, shareholders are advised that negotiations are continuing, which, if successfully concluded, may have a material effect on the price at which the company's shares trade on the JSE Ltd. Shareholders are accordingly advised to continue to exercise caution in dealing in their shares until a further announcement in this regard is made.
10 Feb 2006 10:11:21
(Official Notice)
Cullinan has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's shares. Shareholders are advised to exercise caution when dealing in their Cullinan shares until a further announcement is made.
20 Jan 2006 14:51:34
(Official Notice)
Shareholders are advised that the form of proxy enclosed with the notice convening the annual general meeting of Cullinan for the year ended 30 September 2005 incorrectly reflects the date of the AGM as 1 March 2006. The notice convening the AGM reflects the correct date, namely 2 March 2006.
14 Dec 2005 17:50:58
(C)
While the past year has been a demanding one for the South African travel industry, Cullinan has performed well in difficult circumstances. The outbound and touring divisions both enjoyed growth in a static market, while profits for the inbound and travel divisions were slightly lower than last year. The overall group profit before tax and exceptional items fell by just under 3%. Turnover increased by 12.43% to R230.3 million (R204.8 million) while headline earnings decreased by 30.56% to 2.5cps (3.6cps).



Prospects

The availability of well priced air seats into South Africa is a pre-requisite for growth in our Inbound Division which is a major contributor to profits. The arrival of new carriers, particularly from the Middle East, may help to ease the congestion on the European routes which are our primary source of business. The other divisions are well placed to take advantage of the consumer boom in South Africa.
17 Nov 2005 08:16:50
(Official Notice)
Shareholders are advised that the profit before tax for the financial year ended 30 September 2005 is expected to be approximately 5% less than that for the comparable period last year. Headline earnings per share for the year ended 30 September 2005 are expected to be 25 to 35% lower than those for the corresponding period last year, while earnings per share will decline by 40%. The primary cause of the declines is the necessity of making a provision for taxation in terms of South African Statements of Generally Accepted Accounting Practice (GAAP). The accounts of the company will therefore reflect a taxation charge of approximately 30% that will reduce the attributable and headline earnings. It should be noted that this provision for taxation is a non-cash charge to the income statement as the company presently has an assessed loss. It is anticipated that it will take two financial years for this loss to be fully utilised. The increased decline in earnings over headline earnings results from income of R3 million accounted for in 2004 in the creation of a deferred tax asset. This financial information has not been reviewed and reported on by the auditors of the company.

26 Sep 2005 15:56:44
(Official Notice)
The resolutions required to implement the acquisition of New Horizons were not approved by the requisite majorities of shareholders at the general meeting of shareholders of the company held today. The company will therefore not proceed with the acquisition.
11 Aug 2005 17:43:56
(Official Notice)
Cullinan has, subject to conditions, acquired 100% of the issued share capital of New Horizons. New Horizons is an outbound tour operator based in Perth, Australia that promotes holidays in the Far East to the Western Australian market. It is the market leader in this sector and has over 25 years` experience in the business. It has been consistently profitable and is well managed. The acquisition is in line with Cullinan`s commitment to grow its portfolio of travel interests, both domestically and internationally. The acquisition will also enable the company to spread its risk, increase its buying power, extend its product range and add to its distribution capacity, as well as share common facilities and knowledge. In addition, the acquisition is being effected at a time of relative rand strength. The company will be acquired for a consideration of R32m, to be settled by the creation and issue by Cullinan of 80 000 000 11% cumulative compulsorily convertible preference shares at 40c per share, convertible on a one- for-one basis into ordinary shares in the company three years and a day after the date of their initial issue. The effective date of the acquisition is 1 January 2005.

07 Jul 2005 11:37:05
(Official Notice)
Preference dividend Number 118 of 5.5cps each, has been declared in respect of the six months ended 30 June 2005.

*The last date to trade in order to be eligible for the dividend will be Friday 22 July 2005.

*Shares will trade ex dividend from Monday 25 July 2005.

*The record date will be Friday 29 July 2005 and payment will be made on Monday 1 August 2005.

*Share certificates may not be dematerialised/rematerialised between Monday 25 July 2005 and Friday 29 July 2005, both days inclusive.
20-Jan-2015
(X)
Cullinan Holdings was established in 1901 as the famous diamond mining company which discovered the world?s largest ever rough diamond. The company is listed on the Johannesburg Stock Exchange under the Tourism and Leisure sector.



The Group has evolved rapidly in the past four years, from a Group almost exclusively focusing on Tourism to the current business which operates in three major segments. These are Travel and Tourism, still the dominant segment, Marine and Boating and recently Financial Services.



Within the Tourism and Travel segment, the Group operates some of the most reputable brands in Southern African travel and tourism. These are covered in more detail under the Group Profile. The businesses within the Marine and Boating segment are licensed to supply many premium yachting products to yacht builders in South Africa, as well as retaining the agency for many well-known leisure boating brands. The Finance segment was established in 2012 and is evolving into a key area for the business and continues to be the focus for the future.



In terms of Travel and Leisure, Cullinan has created an integrated business model which allows for the supply of high-quality travel packages in which the Group is involved in most parts of the chain of supply, with consequent control over service and the ability to provide excellent value to the traveller. Financial Services will leverage the cash-generative nature of the Travel business and in addition, will work synergistically with the Boating businesses to offer a turn-key yacht finance offering.


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