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11-Oct-2017
(Official Notice)
The annual general meeting of Delta was held on Tuesday, 10 October 2017. All of the ordinary and special resolutions as set out in the notice of annual general meeting to shareholders dated 9 June 2017 were approved by the requisite majority of shareholders.
08-Sep-2017
(C)
Loss for the period totalled R2.2 million (2016: loss of R3.2 million), and loss per share totalled 4.5 cents (2016: loss per share of 6.6 cents). Headline loss per share for the period amounted to 4.5 cents (2016: headline loss per share of 6.6 cents). The main contributor to the reduction in the loss was reduced expenses for the shutdown of the business, R4.5 million compared to R7.2 million for the same period last year. Those expenses included R900 000 for management salaries, R700 000 for general works, R1.4 million for administrative expenses, and R1.1 million for continuing the Nelspruit plant site's committed electrical supply. Total interest earned during the period on cash investments was R3.2 million (2016: R4.6 million).



Prospects

The only remaining non-current asset held by the Group is the plant site in Nelspruit. No bids for the site were made at the auction held on 29 June 2017. Efforts to market and sell the Nelspruit site continue. Following the sale of the Nelspruit plant site, the Group intends to delist and deregister the Company and to pay a final dividend. Any forward statement has not been reviewed or reported on by the companies auditors for the period under review.

25-Jul-2017
(Official Notice)
The remediation of the Nelspruit plant site continues in line with plan and budget. All required reports have been submitted timely to the Department of Environmental Affairs and no concerns have been raised. Efforts to market and sell the Nelspruit plant site also continue. No bids for the site were made at the auction held on 29 June 2017. Interest continues to be expressed for the site. The Group reviews all assets for impairment at year end.



Trading Statement

Delta is currently finalising its results for the six months ended 27 June 2017 (?the period?). The results will be released in September 2017.



Shareholders are advised that Delta expects its loss per share and its headline loss per share for the period to be between 4.0 and 4.9 cents, or between 39% and 26% less than the loss per share and headline loss of 6.6 cents for the previous corresponding reporting period.
02-Jun-2017
(Official Notice)
With regard to the audited results for the year ended 27 December 2016, shareholders are advised that integrated annual report (?IAR?), which includes the annual financial statements, have been distributed to shareholders on 2 June 2017 and contain no modifications to the audited results which were published on SENS on 28 February 2017. The IAR is also available on the Group?s website: www.deltaemd.co.za.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Delta shareholders will be held at the Boardroom, 10 Bompas Road, Dunkeld, Johannesburg on Tuesday, 10 October 2017 at 11h00 to transact the business as stated in the annual general meeting notice forming part of the IAR.
28-Feb-2017
(C)
No revenue was recorded for the year (2015: R15.2 million). Profit for the year was recorded at R13.9 million (2015: loss of R41.9 million). Headline earnings per share came in at 28.4 cents per share (2015: headline loss per share of 105.3 cents per share).



Prospect

The only remaining non-current assets held by the group is the plant site in Nelspruit. Efforts to market the plant site continue. The sale of the plant site most likely will require closure of the outstanding remediation order or a transaction that otherwise addresses the Group's outstanding obligations to remediate and monitor the site.



Efforts also continue to address outstanding matters related to the group's former plant site in Newcastle, Australia and the former calciner plant in Hotazel, South Africa. These matters will need to be resolved before the company can be delisted and deregistered. The group intends to pay a dividend after the Nelspruit plant site is sold and thereafter to delist and deregister the Company and to pay a final dividend.



27-Jan-2017
(Official Notice)
Shareholders are referred to the Group?s statement of unaudited results for the six months ended 27 June 2016 released on the Stock Exchange News Service (?SENS?) on 12 September 2016.



As reported previously, the salvage and sale of the plant and equipment formerly located at the Group?s Nelspruit plant site are complete and payment has been received for those assets. Efforts to market and sell the Nelspruit plant site continue.



The Nelspruit plant site includes a parcel of land historically leased by Delta EMD. That parcel was purchased and transferred to Delta EMD during December 2016 and payment for the parcel was made following year end. That parcel will be included in an eventual sale of the plant site.



The remediation required under the environmental remediation order continues, and the second bi-annual report was submitted to the Department of Environmental affairs during December 2016.



Trading Statement

Delta EMD is currently finalising its results for the year ended 27 December 2016 (?the period?). Shareholders are advised that Delta EMD expects a profit per share for the period, as opposed to the loss per share of 85.2 cents reported for the previous corresponding reporting period. Earnings per share is expected to be between 25 cents and 30 cents, representing an expected improvement of more than 100% from the previous corresponding reporting period.



Delta EMD also expects a headline profit per share for the period, as opposed to the headline loss per share of 105.3 cents reported for the previous corresponding reporting period. Headline profit per share for the period is expected to be between 25 cents and 30 cents, representing an expected improvement of more than 100% from the previous corresponding reporting period.



The expected profit was realised through interest income, a part reversal of the environmental remediation provision resulting from revised cost estimates for the work still required by the remediation order, and a part reversal of the retention incentive provision.



Delta EMD?s results for the year ended 27 December 2016 are expected to be released on SENS before the end of February 2017.
12-Sep-2016
(C)
The Group's results for the period ended 27 June 2016 reflect the actions taken toward the discontinuation of the Group's business. Losses for the period totalled R3.2 million (2015: R8.9 million), and losses per share totalled 6.6 cents (2015: 18.0 cents). Headline losses per share for the period were 6.6 cents (2015: 19.4 cents). Included in these losses were expenses relating to the discontinuation of the business which totalled R7.1 million for the period (2015: R8.6 million).



No proceeds from sales of assets were realised during the period (2015: R88.2 million). Net cash utilised by operations during the period totalled R29.1 million (2015: net cash generated by operations of R42.2 million).



The Group's cash balances decreased during the period by R73.7 million and totalled R111.9 million at 27 June 2016 (Dec 2015: R185.6 million). The Group's cash outflow during the period included the payment of a R1 per share dividend which amounted to a total of R49.2 million.



Prospects

The salvage and sale of the plant and equipment formerly located at the Group's Nelspruit plant site is complete and payment has been received for those assets. During December 2015, the Company received a definitive remediation order for the Nelspruit plant site from the Department of Environmental Affairs, and in June 2016 a report on the ongoing remediation was submitted to the Department of Environmental Affairs.



Efforts to market and sell the Nelspruit plant site continue. Following the sale of the Nelspruit plant site the Group intends to delist and deregister the Company and make distributions to shareholders.
05-Sep-2016
(Official Notice)
At the 99th annual general meeting (?AGM?) of the shareholders of Delta EMD held on 1 September 2016 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
26-Jul-2016
(Official Notice)
The salvage and sale of the plant and equipment formerly located at the Group?s Nelspruit plant site is complete and payment has been received for those assets. Efforts to market and sell the Nelspruit plant site continue, and the Group has determined that an impairment of that asset in not necessary.



The purchase of a parcel of land included in the Nelspruit plant site that historically was leased will be completed shortly when payment of R20 million will be made in full. That parcel will be included in an eventual sale of the site.



A definitive remediation order for the Nelspruit plant site was received from the Department of Environmental Affairs and the required remediation systems have been installed. Periodic dosing and monitoring of the installed boreholes continues.



Trading Statement

Delta EMD is currently finalising its results for the six months ended 27 June 2016 (?the period?). The results will be released in September 2016. Shareholders are advised that Delta EMD expects its loss per share for the period to be between 50% and 70% less than the loss per share of 18 cents reported for the previous corresponding reporting period (expected loss per share between 6 and 9 cents). Headline loss per share for the period is expected to be between 50% and 70% less compared to the loss of 19 cents per share reported for the previous corresponding reporting period (expected headline loss per share between 6 and 9 cents).



The Group?s expenses relating to the discontinuation of its business are expected to be R5.8 million for the period (2015: R8.6 million), and include salaries for the implementation team, water and power supply, and general expenses mostly made up of security for the Nelspruit plant site. Administration expenses for the period are expected to be R2.5 million (2015: R9.7 million)
30-Jun-2016
(Official Notice)
With regard to the audited results for the year ended 27 December 2015, shareholders are advised that the annual financial statements have been distributed to shareholders on 29 June 2016 and contain no modifications to the audited results which were published on SENS on 22 February 2016.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Delta EMD Ltd shareholders will be held at the boardroom, 10 Bompas Road, Dunkeld, Johannesburg on Thursday 1 September 2016 at 11h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting: 24 June 2016

*Last day to trade in order to be eligible to attend and vote at the annual general meeting: 23 August 2016

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting: 26 August 2016

*Forms of proxy for the annual general meeting to be lodged by 11h00 on*: 30 August 2016



*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

03-Jun-2016
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service on 15 December 2015 in which it was announced that Mr Collin Naicker has been appointed as Operations Director. The Group announced that Mr Collin Naicker has resigned from the board with effect 3 June 2016.
22-Feb-2016
(C)
Revenue for the year came to R15.2 million (R283.9 million). Gross profit also tumbled to R3.0 million (R119.7 million). Loss for the year attributable to equity holders narrowed to R41.9 million (loss of R153.0 million). In addition, headline loss per share improved to 105.3cps (loss of 296.6cps).



Cash dividend declaration

The Group is pleased to announce the declaration of a final gross cash dividend of 100 cents (85 cents net of dividend withholding tax) per ordinary share for the year ended 27 December 2015.



Prospect

The salvage and removal of the remaining assets at the Nelspruit plant site are expected to be completed during the first quarter of 2016, and the demolition of remaining structures and rehabilitation of the plant site will follow and are expected to be completed during the second quarter of 2016. On 14 October 2015 shareholders were advised that the Group had entered into an agreement for the sale of the Nelspruit plant site. The Group was advised on 12 February 2016 that the purchaser had terminated the agreement. The Group will recommence marketing the site and will continue with the demolition and rehabilitation now underway.



Following the sale of the Nelspruit plant site the Group expects to delist and deregister the company and to pay a final dividend.
04-Feb-2016
(Official Notice)
Shareholders are referred to the group?s trading statement (?initial trading statement?) for the year ended 27 December 2015 (the ?year?) released on the Stock Exchange News Service (?SENS?) of the JSE Limited (?JSE?) on 17 December 2015.



In the group?s initial trading statement the group reported that the year-end value of the Nelspruit plant site would be restated to the selling price agreed for the sale of the site, and that the earlier impairment of the plant site would be reversed by R11.7 million. To be compliant with International Financial Reporting Standards, the value of the Nelspruit plant site has not been restated and the earlier impairment has not been reversed.



Consequently the group now expects an after tax loss for the year of between R37.7 million and R46.1 million and expects an after tax headline loss for the year of between R44.1 million and R53.9 million. Attributable loss per share is expected to be between 75 cents and 95 cents, an improvement of between 70% and 75% compared to the corresponding reporting period of the previous year (2014: attributable loss per share of 311 cents). Attributable headline loss per share is expected to be between 89.7 cents and 109.7 cents, an improvement of between 63% and 70% compared to the corresponding reporting period of the previous year (2014: attributable headline loss per share of 296 cents).



The forecast financial information on which this trading statement is based has not been reviewed and reported on by Delta EMD's external auditors.



Delta EMD?s results for the year are expected to be released on SENS by the end of February 2016.



18-Dec-2015
(Official Notice)
17-Dec-2015
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service on 1 December 2015 in which it was announced that Mr. Johan Seymore, acting Chief Executive, had passed. The Group wishes to announce the following changes to the Board of Directors, with effect from 14 December 2015:

* Mr Todd Atkinson has been appointed Executive Chairman;

* Ms Emma Nel has been appointed Finance Director and Company Secretary; and

* Mr Collin Naicker has been appointed Operations Director.
01-Dec-2015
(Official Notice)
It is with great sadness that the board of Delta advised of the death of Mr Johan Seymore. Mr Seymore passed away on the afternoon of Friday 27 November 2015. Mr Seymore served as acting chief executive officer of the company since May 2015 and was a member of the board since 2009. He made a significant contribution to the company in his role as chief financial officer and was instrumental to the financial well being of the group.
17-Nov-2015
(Official Notice)
14-Oct-2015
(Official Notice)
Shareholders are referred to the Group?s statement of unaudited results for the six months ended 27 June 2015 released on the Stock Exchange News Service of the JSE Ltd. on 14 July 2015.



Shareholders are now advised that the Group has entered into an agreement for the sale of the Group?s Nelspruit plant site for a total selling price of R40 421 800 (forty million four hundred twenty one thousand eight hundred Rand). The sale includes the land owned by the Group for many years as well as the land formerly leased by the Group from Manganese Metal Company and more recently purchased for R20 000 000 (twenty million Rand) as part of a lease cancellation settlement. The combined book value of the land to be sold is R25 948 799 (twenty five million nine hundred forty eight thousand seven hundred ninety nine Rand).



The purchaser has paid a R2 million deposit into trust and has agreed to secure bank guarantees for the remainder of the purchase price.



Completion of the sale is conditional upon the Group?s satisfactory completion of the remediation steps set out in an order to be issued by the Department of Environmental Affairs in terms of section 37 of the National Environmental Management Waste Act 59 of 2008. The Group engaged Golder Associates to prepare a Site Assessment Report which has been submitted to the Department of Environmental Affairs and included a proposed remediation plan. The Board continues to be of the opinion that the provisions reflected on the Group?s 27 June 2015 balance sheet are adequate to cover the costs of undertaking the remediation actions to be prescribed by the order.



The Group anticipates that the sale will complete during 2016.
03-Sep-2015
(C)
Revenue for the interim period decreased to R15.2 million (R120.3 million). Gross profit lowered to R3 million (R43.1 million). Loss for the period was R8.9 million (loss of R99.1 million). Furthermore, a headline loss per share of 19.4cps was recorded (loss of 201.6cps).



Prospect

The salvaging of plant and equipment from the Nelspruit site continues and will be followed by demolition of remaining structures. Resolution of the Company's remaining environmental responsibilities awaits regulatory reviews and approvals and completion of required remediation. The Company has resolved most outstanding commercial and contractual obligations, and continues to market the Nelspruit plant site. The Board intends to declare appropriate dividends to shareholders when the resolution of the matters is reasonably certain.
20-Jul-2015
(Official Notice)
Shareholders are referred to the Group's Audited annual financial results for the year ended 27 December 2014, released on the Stock Exchange News Service ("SENS") of the JSE Ltd. on 9 February 2015.



This trading statement is for the half year ending 27 June 2015 ("half year") and is intended to apprise shareholders of the expected Group results for the half year, and of further progress made toward the sale of assets in connection with the discontinuation of the Group's business.



Agreements for the salvage and sale of the majority of the Nelspruit plant and equipment, with a book value of R35.2 million, were concluded during April 2015 for a sale value of R40.2 million. All suspensive conditions for these agreements were fulfilled by 27 June 2015. The sale of all remaining Nelspruit plant and equipment with a book value of R5.9 million will be concluded during the remainder of the year.



Negotiations for the sale of the Nelspruit land (book value R25.9 million), including the remaining infrastructure and buildings which were not earmarked for demolition, continue.



The salvage, demolition and remediation of the Group's Nelspruit site are the remaining steps toward the discontinuation of the Group's business and realisation of value for its assets. Progress on these fronts remains to plan with completion targeted for the end of 2015.



The Group forecasts a loss per share for the period of between 16.27 cents and 18.31 cents reflecting a decrease of between 91.9% and 90.9% compared with the period ended 27 June 2014 (2014: loss per share of 201.6 cents) and headline loss per share for the period of between 32.54 cents and 34.58 cents reflecting a decrease of between 83.8% and 82.8% compared with the period ended 27 June 2014 (2014: headline loss per share of 201.6 cents). This forecast includes a profit of R8.2 million realised on the sale of the Australia plant site and on the sales of the Nelspruit plant and equipment concluded by 27 June 2015, referred to above.



The above financial information on which this trading statement is based has not been reviewed and reported on by the Group's external auditors.



Delta's results for the half year are expected to be released on SENS on or about 5 September 2015.
18-May-2015
(Official Notice)
Shareholders are referred to the Stock Exchange News Service announcement of 11 March 2015 in which it was announced that, on 14 May 2015, being the date of the Group's 2015 annual general meeting, Mr. Praveen Baijnath would resign as the Group's Chief Executive Officer and would stand for re-election as a non-executive director.



The Group wishes to announce the following changes to the Board of Directors, with effect from 14 May 2015.



Mr. Praveen Baijnath has been re-elected to the Board of Directors and will serve as a Non-Independent, Non-Executive Director.



Mr. Johan Seymore, the Chief Financial Officer and Executive Director of the Board, has been appointed Acting Chief Executive Officer and has resigned as Chief Financial Officer and Company Secretary.



Mrs. Emma Nel has been appointed Acting Chief Financial Officer and Company Secretary.



Mr. Seymore and Mrs. Nel will be responsible for completing the discontinuation of Group's business.
18-May-2015
(Official Notice)
Shareholders are referred to the Stock Exchange News Service announcement of 11 March 2015 in which it was announced that, on 14 May 2015, being the date of the group's 2015 annual general meeting, Mr Praveen Baijnath would resign as the group's Chief Executive Officer and would stand for re-election as a non-executive director.



The group wishes to announce the following changes to the board of Directors, with effect from 14 May 2015.

*Mr Praveen Baijnath has been appointed as a Non-Executive Director.

*Mr Johan Seymore, the Chief Financial Officer and Executive Director of the board, has been appointed as Acting Chief Executive Officer and has resigned as Company Secretary.

*Mrs Emma Nel has been appointed as Company Secretary and Acting Chief Financial Officer.

*Mr Seymore and Mrs. Nel will be responsible for the final stage of the discontinuation of group?s business.
15-May-2015
(Official Notice)
At the ninety eighth annual general meeting ("AGM") of the shareholders of Delta held on 14th May 2015 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
30-Mar-2015
(Official Notice)
With regard to the audited results for the year ended 27 December 2014, shareholders are advised that the annual financial statements will be distributed to shareholders on or about 8 April 2015 and contain no modifications to the audited results which were published on SENS on 9th February 2015.



Notice is hereby given that the ninety-eighth annual general meeting of Delta shareholders will be held at The Boardroom, 10 Bompas Road, Dunkeld, Johannesburg on Thursday 14 May 2015 at 11h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Record date to determine which shareholders are entitled to receive the notice of the annual general meeting: 27 March 2015

Last day to trade in order to be eligible to attend and vote at the annual general meeting: 30 April 2015

Record date to determine which shareholders are entitled to attend and vote at the annual general meeting: 8 May 2015



Forms of proxy for the annual general meeting to be lodged by 11h00 on Tuesday 12 May 2015 with Computershare Investor Services Ground floor, 70 Marshall Street, Johannesburg, 2001.*



*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
17-Mar-2015
(Official Notice)
Shareholders are referred to the Group?s audited consolidated financial results for the year ended 27 December 2014, released on the Stock Exchange News Service of the JSE Limited on 9 February 2015, in which they were advised that Delta had entered into an agreement for the disposal of the Group?s Black Rock Calciner plant ("the Transaction").



Shareholders are now advised that the conditions precedent to the Transaction have been fulfilled, the Transaction completed, and the R31 million disposal proceeds received by Delta, on 17 March 2015.
11-Mar-2015
(Official Notice)
Shareholders are referred to Delta?s 2014 annual general meeting held on 9 May 2014, at which shareholders voted in favour of a resolution approving the board?s decision to discontinue the Group?s business and realise value for the Group?s assets during 2014 and 2015. Following such approval Delta entered into agreements with certain senior management regarding their employment through the discontinuation of the Group?s business.



An agreement with Mr Praveen Baijnath provided for him to continue his employment with the company through 30 March 2015. He has subsequently agreed to remain in Delta?s employment through 14 May 2015, the date of the Group?s 2015 annual general meeting, at which time he will resign as Delta?s Chief Executive Officer and will stand for re-election as a non-executive director.



The Board wishes to thank Mr. Baijnath for his several years of service as Chief Executive Officer and for undertaking the considerable efforts necessary to discontinue the Group?s business and realise good value for Delta?s assets.
03-Mar-2015
(Official Notice)
Shareholders are referred to the Group's audited consolidated financial results for the year ended 27 December 2014, released on SENS on 9 February 2015, in which they were advised that Delta had entered into an agreement for the disposal of the Group?s Australia Plant Site ("the Transaction").



Shareholders are now advised that the conditions precedent to the Transaction have been fulfilled, the disposal completed, and the AUD2.6 million of disposal proceeds received by Delta, on 3rd March 2015. The disposal proceeds will be repatriated, and the Australian legal entity wound up, in due course.
09-Feb-2015
(C)
Revenue for the year ended fell to R283.9 million (2013: R375.2 million). Gross profit weakened to R119.7 million (2013: R129.2 million), while loss attributable to equity holders of parent company widened to R152.9 million (2013: loss of R69.1 million). Furthermore, headline loss per share shot up to 296.6cps (2013: earnings of 37.7cps).



Dividend

The Group announced the declaration of a final gross cash dividend of 250cps (212.50cps net of dividend withholding tax) per ordinary share for the year ended 27 December 2014.
19-Dec-2014
(Official Notice)
22-Aug-2014
(C)
Revenue for the interim period decreased to R120.3 million (R171.0 million). Gross profit lowered to R43.1 million (R62.4 million). Loss for the period was R99.1 million (profit of R9.3 million). Furthermore, a headline loss per share of 201.6cps was recorded (earnings of 18.9cps).



Dividend

No interim dividend has been declared.



Forward look

The sale of finished goods will continue during the second half with volumes similar to the first half. Product finishing will continue during the second half, however all manufacturing overheads will be accounted for as administration expenses. Delta anticipates further reductions in working capital and that the cash realised from those reductions will be utilised in part to fund the further expenses relating to the discontinuation of the business.



The marketing of assets held for sale is in progress and efforts to sell the group's former plant site in Australia continue. The group's fixed assets will be available for sale when required regulatory approvals are in hand, and decommissioning has been completed. Satisfactory progress is being made with respect to both; however the value to be realised from these assets remains uncertain. Similarly the expenses to be incurred decommissioning, demolishing and rehabilitating the plant sites also remain uncertain and no provisions have been made for these expenses.
01-Jul-2014
(Official Notice)
09-May-2014
(Official Notice)
Shareholders are referred to the business discontinuation and cautionary announcement released on SENS on 5 March 2014, wherein shareholders were advised that the company's board had taken the decision, subject to approval by the company's shareholders, to discontinue the business during 2014 and to realise value for the company's assets during 2014 and 2015. Shareholders are advised that at the annual general meeting held on 9 May 2014, the resolution to discontinue the business was duly approved.



Delta EMD's interim results for the period are expected to be released on SENS on or about 22 August 2014. In this regard, shareholders are advised further that the group's underlying trading results for the period are expected to be lower than those of the

period ended 27 June 2013 due to lower sales volume and reduction of production volume in anticipation of the discontinuation of the business.



In addition, following the decision to discontinue the business, the group will account for certain expenses relating to the discontinuation.



As the discontinuation process is on-going, to quantify the expenses and timing relating to the discontinuation, an earnings range for the period cannot at this time be forecast with reasonable certainty.



When an earnings range can be determined with reasonable certainty, a further trading statement will be released on SENS.
09-May-2014
(Official Notice)
At the ninety-seven annual general meeting of the shareholders of Delta held today, 9 May 2014, all the ordinary, special and shareholder resolutions proposed at the meeting were approved by the requisite majority of votes.



Shareholders are referred to the business discontinuation and cautionary announcement released on the Stock Exchange News Service of the JSE on 5 March 2014, and the subsequent related cautionary announcements wherein shareholders were advised that Delta?s board had taken the decision, subject to approval by Delta's shareholders, to discontinue the business during 2014 and to realise value for the assets during 2014 and 2015.



The shareholders approved the resolution of the Board?s decision to discontinue the business.



As such, the cautionary announcements referred to above are hereby withdrawn. Accordingly, Delta shareholders are no longer required to exercise caution when dealing in Delta's securities.
14-Apr-2014
(Official Notice)
Shareholders are referred to the business discontinuation and cautionary announcement released on SENS on 5 March 2014, wherein shareholders were advised that the company's board had taken the decision, subject to approval by the company's shareholders, to discontinue the business during 2014 and to realise value for the company's assets during 2014 and 2015.



Further to the aforementioned announcement, shareholders were advised on 4 April 2014 that the ninety-seventh annual general meeting of shareholders will be held on Friday, 9 May 2014, at 11h00 at which time shareholders will be requested to vote on a resolution to approve the discontinuation of the business and realisation of value for the company's assets.



Shareholders should continue to exercise caution when dealing in the company's securities until a further announcement is made.
04-Apr-2014
(Official Notice)
Shareholders are advised that the annual financial statements for the year ending 27 December 2013, were distributed to shareholders on 4 April 2014 and contain no modifications to the audited results which were published on SENS on 10 February 2014.



Notice of the annual general meeting

Notice is hereby given that the ninety-seventh annual general meeting of shareholders will be held in the Kensington Gardens Conference Room, Southern Sun Hyde Park, 1st Road Hyde Park, Sandton on Friday, 9 May 2014, at 11:00 to transact the business as stated in the annual general meeting notice forming part of the annual integrated report.



Salient dates

The notice of the Company's ninety-seventh annual general meeting has been sent to shareholders who were recorded as such in the Company's securities register on 28 March 2014 being the notice record date on which shareholders are entitled to receive notice of the annual general meeting.

*Last day to trade in order to be eligible to attend and vote at the annual general meetingWednesday, 23 April 2014

*Record date to determine which shareholders are entitled to attend and vote at the annual general meetingFriday, 2 May 2014

*Forms of proxy for the annual general meeting to be lodged by 11:00 on Wednesday, 7 May 2014

*Any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.



Memorandum to shareholders

A memorandum was distributed to shareholders on 4th April 2014 together with the notice of annual general meeting ("the Memorandum"). This Memorandum contains a summary of the background information and key factors, circumstances and analyses relied on by the Board for the decision taken on 3 March 2014 that, subject to approval by shareholders by way of a resolution adopted with the support of more than 50% of the voting rights exercised on the resolution, Delta EMD will discontinue its business during 2014 and realise value for its assets during 2014 and 2015, all in compliance with applicable statutory and regulatory requirements.



Shareholders should have regard to the contents of this Memorandum when they exercise their vote on the shareholders' resolution to approve the decision to discontinue the business and realise value for assets proposed in paragraph 3 of the notice of the annual general meeting.
05-Mar-2014
(Official Notice)
Shareholders are advised to exercise caution when dealing in the Company's securities, until such time as the results of the Company's Annual General Meeting are released.
05-Mar-2014
(Official Notice)
The Company has during the last financial year conducted a detailed strategic review of the Company's business and following those conclusions, and with the most recent reduction in supply arrangements to a North American customer, as announced on 24th January 2014 on SENS, the board has taken the decision, subject to approval by the Company's shareholders, to discontinue operations in a phased and orderly manner during 2014 and to realise value for the Company's assets during 2014 and 2015.



Shareholders will receive a memorandum setting out in detail the rationale for the board's decision. The memorandum will be distributed to shareholders during April 2014 together with the Notice of the Company's Annual General Meeting which is scheduled to be held during May 2014. The shareholders' vote to approve the board's decision will be proposed at the Annual General Meeting. The board also has taken a decision to limit production at its Nelspruit operation, and expects to have one of the Company's two EMD production lines idled by the end of March 2014.



A further trading update will be released on SENS as soon as the Company has reasonable certainty with regard to expected sales volumes and profitability for the six months ending 27 June 2014.
10-Feb-2014
(C)
Revenue for the year rose to R375.2 million (R365.5 million) and gross profit was higher at R129.2 million (117.8 million). Loss for the year attributable to equity holders was recorded to R69.1 million (profit of R17.1 million).Headline earnings per share grew to 37.7cps (36.2cps).



Dividend

No dividend has been declared.



Prospects

Global EMD market conditions continue to be difficult. Demand for EMD in the US, Europe and Japan has declined with battery production migrating to China and South East Asia, and with the replacement of larger batteries with smaller batteries that require less EMD. The EMD market remains oversupplied, particularly in the US, Europe and Japan. Delta EMD's competitive position has also weakened due to higher input costs, overseas customers' preference for domestic supply, relative product performance and anti-dumping duties.



The Group's product research and development efforts have included work on cathode materials for electric vehicle batteries, as well as other manganese materials. Our review of opportunities that would employ competitive advantages available to Delta EMD has concluded that none of the possible investments would provide an acceptable return. As disclosed previously, a substantial North American customer has advised that its 2014 purchases from Delta EMD will be substantially lower than prior years. This longstanding customer has chosen domestic supply that is now available due to additional capacity and reduced demand from another customer that has migrated battery production to South East Asia. Reduced sales volumes will adversely affect Delta EMD's sales revenue, manufacturing overhead recoveries, profitability and cash flows.



Management has revised the Group's 2014 business plan and is reducing production in line with the reduced sales volumes expected during 2014, as well as reducing costs where possible. Discussions are underway with Delta EMD's significant customers to assess their short and longer term EMD requirements. Any reference to future financial performance included in this announcement has not been reviewed or reported on by the Group's auditors
24-Jan-2014
(Official Notice)
Delta has been advised by a substantial customer in North America that due to significant market changes in their domestic EMD supply and demand, the 2014 sales volumes planned for Delta reflect a substantial reduction from 2013. Delta's efforts to secure 2014 sales volumes from all of its global customers are continuing. Consequently, it is not yet possible to forecast with reasonable certainty Delta's results for the six months ending 27 June 2014. A further trading update will be issued as soon as Delta has reasonable certainty with regard to expected sales volumes and profitability for the six months ending 27 June 2014.
22-Nov-2013
(Official Notice)
The group's earnings and headline earnings after taxation for the year ending 27 December 2013 (the year) are forecast to be lower than for the year ended 27 December 2012 (prior year). The full year results will include a R9.8 million write down of inventory. Excluding this adjustment, the group's underlying trading results for the year are expected to be similar to those of the prior year. The group has undertaken an impairment review in accordance with IAS36, which gave rise to a pre-tax impairment of R121.4 million on the carrying value of the Nelspruit EMD manufacturing plant and equipment, effectively reducing the carrying value of these assets to fair value.



The group forecasts a full year loss of between R73.7 million and R77.1 million (2012: earnings of R17.1 million). The group's headline earnings for the year are expected to be between R12.4 million and R16 million (2012: headline earnings of R17.8 million). The group's loss per share for the year is expected to be between 149.9 cents and 156.8 cents (2012: earnings per share 34.8 cents) and headline earnings per share ("HEPS") is expected to be between 25.3 cents and 32.5 cents (2012: HEPS 36.2 cents). Delta's results for the year are expected to be released on SENS on or about 10 February 2014.
22-Aug-2013
(C)
Revenue for the interim period decreased to R171.0 million (R172.5 million) and gross profit rose to R62.4 million (R53.1 million). Profit for the period jumped to R9.3 million (R2.1 million). Furthermore, headline earnings per share more than quadrapuled to 18.9cps (4.3cps).



Dividend

No interim dividend has been declared.



Prospects

The group's second half sales volumes are forecast to increase over the period's sales volumes in line with historic seasonality, whilst selling prices are expected to remain under pressure.



The group's challenge remains to achieve the best possible sales volumes and mix in soft market conditions and to diversify its customer base. Production volumes are expected to remain at levels similar to the period and input costs are expected to continue to increase, resulting in continued poor recovery of manufacturing overheads and continued pressure on margins.



The group continues to assess its strategic position, as well as the adequacy of the returns that might be possible from the investments required to sustain the business.
12-Jul-2013
(Official Notice)
Delta shareholders are referred to the trading statement released on SENS on 17 May 2013 for the six months ended 27 June 2013 (the "period"), and to the commentary contained therein.



Earlier uncertainties surrounding changes in customers' delivery requirements and possible port delays were resolved favourably and sales volumes late in the period were relatively strong. Consequently the group's results for the period are forecast to be at the high end of the earlier forecast, and the group's earnings per share and headline earnings per share for the period are now forecast to be between 18.31 cents and 19.17 cents (2012: 4.30 cents).



The group's results for the period reflect continuing soft market conditions. Lower than planned sales volumes for the period were offset in part by an improved sales mix and by higher average selling prices. The group's results also include some operational inefficiencies resulting in part from limited production volumes, and were assisted by foreign exchange gains.



Delta's results for the period ended 27 June 2013 are expected to be released on SENS on or about 21 August 2013.
17-May-2013
(Official Notice)
Shareholders are advised that both earnings per share ("EPS") and headline earnings per share ("HEPS") for the half year ending 27 June 2013 (the "period") are forecast to be at least 30% higher than for the half year ended 27 June 2012.



Because the sales volume to be achieved during the period remains difficult to forecast with reasonable certainly, an earnings range for the period cannot at this time be forecast with reasonable certainty. When an earnings range can be determined with reasonable certainty, a further trading statement will be released on SENS. Delta's interim results for the period are expected to be released on SENS on or about 23 August 2013.
03-May-2013
(Official Notice)
At the ninety-sixth annual general meeting of the shareholders of Delta held today, 3 May 2013, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
10-Apr-2013
(Official Notice)
Shareholders are advised that the annual financial statements for the year ending December 27, 2012, were distributed to shareholders on 10th April 2013 and contain no modifications to the audited results which were published on SENS on 14th February 2013.



Notice of the annual general meeting

Notice is given that the ninety-six annual general meeting of shareholders will be held in the Kensington Gardens Conference Room, Southern Sun Hyde Park, 1st Road Hyde Park, Sandton on Friday, 3 May 2013, at 11h00 to transact the business as stated in the annual general meeting notice forming part of the annual integrated report.



Salient dates

The notice of the Company's annual general meeting has been sent to shareholders who were recorded as such in the Company's securities register on 5th April 2013 being the notice record date on which shareholders are entitled to receive notice of the annual general meeting.

* Last day to trade in order to be eligible to attend and vote at the annual general meeting on Friday 19 April 2013

* Record date to determine which shareholders are entitled to attend and vote at the annual general meeting on Friday 26 April 2013

* Forms of proxy for the annual general meeting to be lodge by 11h00 on Tuesday 30 April 2013



Retirement of Director

Mr LB Bird having attained the age of 70, will retire as lead independent director of Delta and as Chairmen of the Audit and Risk Committee at the company's next annual general meeting.
14-Feb-2013
(C)
Revenue for the year narrowed to R365.5 million (R366.8 million) and gross profit was lower at R117.8 million (127.8 million). Profit for the year attributable to equity holders plummeted to R17.1 million (R55.5 million). In addition, headline earnings per share also weakened to 36.2 cents per share (64.5 cents per share).



Dividend

The group announced the declaration of a final gross cash dividend of 25 cents per ordinary share for the year ended 27 December 2012.



Prospects

Delta does not expect short-term growth in the global EMD market and therefore expect current market conditions to continue.



Efforts to sell more material into developing markets in South East Asia continue, as do Delta's efforts to commercialise a higher grade material.



Recent movements in foreign exchange rates enhance the competitiveness of the company's Rand-denominated selling prices, and improve the margins the company realises on products sold in USD prices. Such movements, however, can reverse.



Delta continues its research and development efforts toward the production and sale of manganese-based materials for use in electric vehicle batteries, a potential new market.
06-Dec-2012
(Official Notice)
Delta EMD shareholders are referred to:

* the unaudited results for the interim period ended 27 June 2012 released on SENS on 15 August 2012; and

* the trading statement for the year ending 27 December 2012 released on SENS on 17 August 2012, and to the commentary contained therein.



The Group's Earnings and Headline Earnings after taxation for the twelve months ending 27 December 2012 are forecast to be lower than for the year ended 27 December 2011. The movement from year-to-year is partly attributed to a forecast taxation charge for the current period of R10.8 million compared to a tax credit of R9.5 million for the same period during 2011.The tax credit resulted from a capital gains taxation reversal of R24 million that arose from a favourable tax ruling in Australia.



For the year ending 27 December 2012 the Group expects similar sales volumes, slightly lower production volumes and higher production costs. 2012 average Rand denominated selling prices are forecast to be slightly lower compared to 2011 due to a less favourable sales mix and reduced US dollar market prices. Operating margins are consequently forecast to be lower than for the comparable period during 2011.



The Group's Headline Earnings for the twelve months ending 27 December 2012 are forecast to be between R16 million and R22 million (2011: Headline Earnings of R31.7 million). The Group's Earnings are forecast to be between R16 million and R22 million (2011: Earnings of R55.5 million including the tax reversal noted above).



Earnings per share ("EPS") and Headline Earnings per share ("HEPS") for the twelve months ending 27 December 2012 are forecast to be between 32.54 cents and 44.75 cents (2011: EPS 112.8 cents, HEPS 64.5 cents). Delta's results for the year ending 27 December 2012 are expected to be released on SENS on or about 15 February 2013.
03-Oct-2012
(Official Notice)
Delta would like to advise its shareholders of the following appointment to the Board and to the Audit and Risk Committee with effect from 15 October 2012: Mr Luigi Matteucci CA(SA) (58) has been appointed an independent non-executive director to the board. In addition to his appointment as a Delta non-executive director, Mr Matteucci has been appointed a member of the Delta Audit and Risk Committee.
17-Aug-2012
(Official Notice)
Delta shareholders were referred to:

*the group's audited results for the year ended 27 December 2011 released on SENS on 27 March 2012 (''the previous period''); and

*the unaudited results for the interim period ended 27 June 2012 released on SENS on 15 August 2012, and to the commentary contained therein.



The previous period's results included a capital gains taxation reversal of R24 million due to a favourable tax ruling relating to the 2010 sale of the group's Australian residue disposal site. This taxation reversal represented 43% of profit after tax for the previous period.



Given the non-recurrence of the Australian capital gains taxation reversal, the group's earnings per share are expected to reduce by at least 20%. Headline earnings per share were not affected by the capital gains tax reversal.



While the group's earnings per share are expected to reduce from those reported for the prior period due to the non-recurrence of the capital gains tax reversal, it is not yet possible to forecast with reasonable certainty the group's earnings per share and headline earnings per share for the year ending 27 December 2012 within the 20% range required by the JSE Ltd. Listing Requirements. It is expected that a trading statement for the year ending 27 December 2012 will be issued later in the reporting period.



Delta's results for year ending 27 December 2012 are expected to be released on SENS on or about 15 February 2013.
15-Aug-2012
(C)
Revenue for the interim period ended 27 June 2012 jumped to R172.5 million (2011: R129.7 million). Gross profit increased to R53.1 million (2011: R42.1 million), but profit for the period lowered to R2.1 million (2011: R2.5 million). Furthermore, headline earnings per share fell to 4.3cps (2011: 5.3cps).



Dividend

No interim dividend has been declared.



Prospects

The group's second half sales volumes are expected to improve over the first half of 2012, whilst selling prices are expected to remain under pressure. The group's challenge remains to achieve the best possible sales mix in soft market conditions. Production volumes are also expected to increase which should provide improved manufacturing overhead recoveries. The majority of the group's second half sales are expected to be rand-denominated sales, reducing the impact of foreign exchange movements.
09-May-2012
(Official Notice)
At the ninety fifth (95th) annual general meeting of the shareholders of Delta held on 9 May 2012, all the resolutions proposed at the meeting were approved by the requisite majority of votes, other than the resolution giving the directors the general authority to issue ordinary shares for cash. The special resolution will be lodged for registration with the Companies and Intellectual Property Commission in due course.
04-Apr-2012
(Official Notice)
Shareholders were advised that the annual financial statements have been distributed to shareholders on 4 April 2012 and contain no modifications to the audited results which were published on SENS on 27 March 2012. Notice of the annual general meeting



Notice is hereby given that the ninety-fifth annual general meeting of shareholders will be held at the Conference room, Likweti Lodge, R538, Nelspruit, Mpumalanga on Wednesday, 9 May 2012 at 12h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on 2 April 2012 being the notice record date which shareholders are entitled to receive notice of the annual general meeting.

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Thursday, 19 April 2012

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Thursday, 26 April 2012

*Forms of proxy for the annual general meeting to be lodge by 12h00 on Friday, 4 May 2012
27-Mar-2012
(C)
Revenue for the year decreased to R366.8 million (2010: R378.7 million). Gross profit fell to R127.8 million (2010: R153.6 million), while profit for the year more than halved to R55.5 million (2010: R121.4 million). Furthermore, headline earnings per year plummeted to 64.5cps (2010: 140.5cps).



Dividend

The group announced the declaration of a final dividend of 25cps, which represents an appropriate payout from the group's underlying 2011 earnings.



Prospects

Delta do not expect significant growth in the EMD markets they serve during 2012, and expect continued price competition. The attractiveness of Delta's Rand- denominated selling prices, and the margins the group realises on products sold with US dollar prices, will continue to be affected by foreign exchange movements. Whilst major battery producers are expected to continue to favour local supply, Delta remains an attractive secondary supplier, particularly as product quality and performance continues to improve. Efforts also continue to improve Delta's market positions in geographies not subject to anti- dumping duties and in the high grade EMD market segments. The group is pleased with the progress made during 2011 and expect to build upon it during 2012.
18-Oct-2011
(Official Notice)
Delta shareholders are referred to the group's unaudited results announcement for the six months ended 27 June 2011 and the comments on prospects contained therein dated 4 August 2011. The group expects its 2011 second half sales revenue and volumes to be higher than during both the first half of 2011 and the second half of 2010. The group's sales mix are also expected to improve during the second half of 2011, with increased sales into the higher margin EMD market segment. Whilst the group's volumes and sales revenues are expected to be higher, contribution margin per unit are expected to be lower than the first half of 2011 and second half of 2010, as a result of competitive US dollar selling prices and manufacturing cost increases being absorbed by the group. The group's production volumes during the second half of 2011 are expected to be higher than the first half 2011 and second half 2010 volumes, contributing to improved manufacturing overhead recoveries. The global EMD market shows a slight recovery in demand when compared to the first half of 2011 and second half of 2010,but market prices remain under pressure with major battery producers sourcing most of their EMD requirements from domestic EMD suppliers who are operating at near full capacity. The group's administration cost in respect of the Australia plant site has been reduced, and the sale of the plant site in Australia is not envisaged to be completed during 2011. The group's 2011 full year profit before taxation is expected to be lower than the profit before tax of R178.1 million for the full year ended 28 December 2010, which included R132.5 million related to the sale of the Australian residue disposal site. Earnings after taxation for the full year ending 27 December 2011 are forecast to be between R16 million and R22 million (2010: R120 million). Headline earnings after taxation for the full year ending 27 December 2011, are forecast to be between R16 million and R22 million (2010: R69 million). Earnings per share for the full year ending 27 December 2011 are forecast to be between 33 cents and 45 cents (2010: 246.9 cents), and headline earnings per share for the full year ending 27 December 2011 are forecast to be between 33 cents and 45 cents (2010: 140.5 cents). Delta's results for year ending 27 December 2011 are expected to be released on SENS on 13 February 2012.
04-Aug-2011
(C)
Revenue for the half year ended 27 June 2011 reduced to R130 million from R199 million for the comparable period last year. The decline was attributable to reduced sales volumes, a lower average selling price and no repeat of the lithium manganese sales recorded in the comparable period last year. The group's profit before tax of R4.5 million for the half year ending 27 June 2011 was considerably lower than the profit before tax of R170.1 million for the half year ended 27 June 2010, which included R132.5 million related to the sale of the Australian residue disposal site. Profit also was reduced by business interruption and additional expenses related to a transformer failure, for which a R6.1 million insurance recovery was received subsequent to period end. Net interest received of R2 million was lower than the R6 million received in the comparable period in 2010, due to lower interest rates and reduced cash balances after payment of a special dividend in the second half of 2010. Attributable earnings after taxation totalled R2.5 million (2010: R138.4 million). The group's earnings per share for the half year ended 27 June were 5.1 cents (2010: 281.6 cents), and headline earnings per share were 5.3 cents (2010: 166.4 cents).



Dividend

No interim dividend was declared.



Prospects

The group's second half sales volumes are expected to improve over both the first half of 2011 and second half of 2010. Whilst the average rand selling prices are expected to be lower due to more competitive USD selling prices, the additional sales volume and revenue are expected to provide improved manufacturing overhead recoveries.
17-May-2011
(Official Notice)
At the ninety fourth (94th) annual general meeting of the shareholders of Delta held on 17 May 2011, all the ordinary resolutions proposed at the meeting were approved by the requisite majority of votes.
18-Mar-2011
(Official Notice)
Shareholders were advised that the annual financial statements have been distributed to shareholders today, 18 March 2011, and contain no modifications to the audited results which were published on SENS on 14 February 2011.



Notice of annual general meeting

Notice is hereby given that the ninety-forth annual general meeting of Delta's shareholders will be held at the Conference Centre, Francolin Lodge, no 2 Du Preez street, Nelspruit on Tuesday 17 May 2011 at 11h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Trading statement for the half-year ending 27 June 2011

Delta shareholders are referred to the group's 2010 Annual Report, and the review contained therein, dated 14 February 2011. For the reasons indicated earlier the group's earnings for the half year ending 27 June 2011 will be considerably lower than the group's earnings for the half year ended 27 June 2010, which included earnings of R117 million from the sale of the Kooragang Island landfill site in Australia.



The group's earnings/loss and headline earnings/loss after taxation for the six months ending 27 June 2011 are forecast to be between earnings of R7 million and loss of R8 million (2010: earnings R138 million, headline earnings R82 million).



Earnings/Lloss per share ("EPS") and headline earnings/loss per share ("HEPS") for the six months ending 27 June 2011 are forecast to be between earnings of 14 cents and loss of 16 cents (2010: EPS 281.6 cents, HEPS 166.4 cents) Delta's interim results for the six months ending 27 June 2011 are expected to be released on SENS on 8 August 2011.
14-Feb-2011
(C)
Revenue declined to R378.7 million (R478.1 million). Net attributable profit decreased to R121.4 million (R167.7 million). In addition, headline earnings on a per share basis fell to 140.5cps (323.6cps).



Outlook

Current market information suggests that total demand for alkaline grade EMD will not increase substantially during 2011. Price competition is likely to remain vigorous, and the group's rand denominated selling prices will remain unattractive should the rand remain strong. Consequently the group's share of the global EMD market, particularly the higher margin EMD market segment, is likely to reduce, and the group's sales volume and sales mix are likely to be less favourable. Efforts to source additional sales volumes, to reduce operating costs and to manage working capital closely continue.
14 Dec 2010 13:02:31
(Official Notice)
13 Dec 2010 15:51:58
(Official Notice)
Shareholders are advised that Statucor (Pty) Ltd, has, with immediate effect, resigned as company secretary from Delta.
10 Dec 2010 14:40:22
(Official Notice)
Mr Johan Seymore, financial director of Delta has, with immediate effect, been appointed company secretary of Delta.
25 Oct 2010 09:59:54
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 18 January 2010, and the subsequent related cautionary announcements, wherein shareholders were advised that the company had commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. Further to the aforementioned announcements, shareholders are advised the board of Delta, having considered the uncertainty in the global EMD market and the level of offers received for the sale of Delta EMD South Africa, have decided that better shareholder value will be realized by the termination of the process. Further to the aforementioned announcements, shareholders are advised that that the process has been terminated. The cautionary announcements referred to above are hereby withdrawn. Accordingly, Delta shareholders are no longer required to exercise caution when dealing in Delta's securities.
30 Sep 2010 12:14:19
(Official Notice)
Shareholders are referred to the article that was published in the Business Day today, 30 September 2010, titled "Sale of Delta EMD in SA imminent", relating to the current process intended to realise value from its last remaining operation, being Delta EMD South Africa. Shareholders are advised that certain information in the article relating to the process was not correct. All communication to shareholders relating to the process will be made formally on SENS by the company.



Shareholders are referred to the cautionary announcement released yesterday on SENS being 29 September 2010 and in the press today 30 September 2010 wherein they were advised that the process might have a material effect on the price of the company's securities and should continue to exercise caution when dealing in the company's securities until a further announcement is made.
29 Sep 2010 11:11:34
(Official Notice)
18 Aug 2010 10:01:45
(Official Notice)
Shareholders were referred to the cautionary announcements released on SENS on 18 January 2010, 1 March 2010, 14 April 2010, 27 May 2010 and 6 July 2010, wherein shareholders were advised that the company has commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. Further to the aforementioned announcements, shareholders were advised that the process is ongoing and might have a material effect on the price of the company's securities and should continue to exercise caution when dealing in the company's securities until a further announcement was made.
17 Aug 2010 13:05:08
(C)
Revenue for the interim period decreased to R198.8 million (2009: R276.7 million) . Operating profit increased to R164.3 million (2009: R86.6 million), while profit attributable to equity holders of parent company also rose sharply to R138.4 million (2009: R58.3 million) . Furthermore, headline earnings per share was higher at 166.4cps (2009: 115.9cps) .



Dividend

Following the disposal of the Kooragang Island site and the resolution of the 2005 tax matter, previously noted as a contingent liability, the board announced a special dividend of 300 cents per share.



Prospects

Delta EMD's second half sales volumes are expected to be broadly in line with first half sales volumes, as a recovery in demand for alkaline grade EMD is not expected until 2011, and absent a weakening of the rand, Delta EMD's rand denominated selling prices are likely to remain less competitive. Sales volumes are expected to be sustained through additional sales of lower grade EMD, resulting in a less favourable sales mix and lower average selling prices. Delta EMD's operating profit for the second half is expected to be broadly in line with first half levels due to better recovery of manufacturing overheads. Increased production during the second half is expected to require some additional working capital. Delta EMD's development of a premium alkaline grade product continues successfully and is expected to present additional market opportunities during 2011.
07 Jul 2010 10:01:57
(Official Notice)
Shareholders were referred to the announcement released on SENS on 8 June 2010, wherein shareholders were advised that Delta's subsidiary Delta EMD Australia (Pty) Ltd entered into a contract for sale with Port Waratah Coal Services Ltd("PWCS")to sell the Kooragang residue disposal site to PWCS for an amount of AUD12 million plus 10% goods and services tax. Shareholders were further advised that the condition precedent to the transaction had been fulfilled on 2 July 2010. Accordingly, the full purchase price of AUD12 million plus 10% goods and services tax was received by Delta EMD Australia (Pty) Ltd by the completion date. The AUD12 million gain on the sale of the Kooragang residue disposal site is expected to incur AUD3.6 million of tax.
06 Jul 2010 09:02:32
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 18 January 2010, 1 March 2010, 14 April 2010 and 27 May 2010, wherein shareholders were advised that the company had commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. Further to the aforementioned announcements, shareholders were advised that the process is ongoing and might have a material effect on the price of the company's securities and should continue to exercise caution when dealing in the company's securities until a further announcement was made.
08 Jun 2010 09:02:06
(Official Notice)
27 May 2010 10:16:05
(Official Notice)
Earnings and headline earnings after taxation for the six months ending 27 June 2010 are forecast to be between R26 million and R37 million (2009: earnings R58 million, headline earnings R56 million). Earnings and headline earnings per share for the six months ending 27 June 2010 are forecast to be between 52 cents and 75 cents (2009: EPS 118.9 cents, HEPS 115.9 cents) Delta's interim results for the six months ending 27 June 2010 are expected to be released on SENS on 11 August 2010.
27 May 2010 08:38:41
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on 18 January 2010, 1 March 2010 and 14 April 2010, wherein shareholders were advised that the company has commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. Further to the aforementioned announcements, shareholders are advised that the process is ongoing and might have a material effect on the price of the company's securities and should continue to exercise caution when dealing in the company's securities until a further announcement is made.
03 May 2010 14:52:56
(Official Notice)
Chris Jacobs has resigned as a non-executive director from the board of Delta with effect from 29 April 2010.
29 Apr 2010 15:36:02
(Official Notice)
At the ninety third annual general meeting of the shareholders of Delta EMD Ltd held, 29 April 2010, all the resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with the companies and intellectual property registration office in due course.
14 Apr 2010 08:16:11
(Official Notice)
Shareholders were referred to the cautionary announcements released on SENS on 18 January 2010 and 1 March 2010, wherein shareholders were advised that the company has commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. Further to the aforementioned announcements, shareholders are advised that the process is ongoing and might have a material effect on the price of the company's securities and should continue to exercise caution when dealing in the company's securities until a further announcement was made.
09 Apr 2010 11:53:14
(Official Notice)
Shareholders were referred to the no change statement and notice of annual general meeting announcement released on SENS on 5 March 2010 wherein shareholders were advised of details pertaining to the ninety-third annual general meeting. Shareholders are now advised that the ninety-third annual general meeting of Delta shareholders will be held in the board room, building 3, Deloitte place, The Woodlands, 20 Woodlands Drive, Woodmead, Sandton, Johannesburg, on Thursday 29 April 2010 at 11h00.
05 Mar 2010 12:35:25
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed to shareholders today, 5 March 2010 and contain no modifications to the audited results which were published on SENS on 19 February 2010. Notice of the AGM is hereby given that the ninety-third annual general meeting of Delta EMD's shareholders will be held at the Conference Centre, 12th Floor, Radisson Blu Hotel, corner of Rivonia and Daisy Roads, Sandton, Johannesburg on Thursday 29 April 2010 at 11:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
01 Mar 2010 07:42:36
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 18 January 2010 and in the press on 19 January 2010, wherein shareholders were advised that the company has commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. Further to that announcement, shareholders are advised that the process is ongoing and might have a material effect on the price of the company's securities and should continue to exercise caution when dealing in the company's securities until a further announcement is made.
19 Feb 2010 10:35:41
(C)
18 Jan 2010 09:02:40
(Official Notice)
Shareholders are advised that the company has commenced a process intended to realise value from its last remaining operation, being Delta EMD South Africa, which process might result in the disposal of that operation. This process might have a material effect on the price of the company's securities and accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
04 Dec 2009 14:36:18
(Official Notice)
Mr. Johan Seymore has been appointed as an executive director to the board of Delta EMD and financial director of the group's EMD business with effect from 3 December 2009.
19 Nov 2009 12:39:06
(Official Notice)
Earnings and headline earnings per share for the twelve months ending 27 December 2009 are forecast to be as follows:

Earnings per share between 308 cps and 344 cps (2008: 182.6 cps) Headline earnings per share between 302 cps and 338 cps (2008:184.5 cps)



Headline earnings after taxation are forecast to be between R94 million and R118 million (2008: R124.5 million) for the twelve months ended 27 December 2009.
07 Aug 2009 11:55:21
(C)
Revenue decreased from R308.4 million to R276.7 million in 2009. Operating profit increased to R86.7 million (2008:R38.1 million). Profit attributable to ordinary shareholders increased to R58.3 million (R39.1 million). In addition, Headline earnings on a per share basis increased to 115.90cps (73.50cps).



Dividends per share

A special dividend of 300cps was declared for the period under review.



Prospects

Delta EMD's second half sales volumes are expected to reflect lower global demand similar to the first half and will not benefit from the same additional one-off sales. Market prices are likely to reduce as some EMD producers benefit from reduced manganese ore costs, and consequently Delta EMD's sales volumes could be under pressure. Trading profit is expected to reduce from the first half?s levels with lower sales volumes and higher cost of goods sold. Opportunities for improvement include the penetration of new market segments, improved operational efficiencies and reduced overheads, and any additional sales volumes and resulting increases in production would improve recovery of the group's substantial manufacturing overheads. Cash inflows are expected to remain strong.



Change of name

Shareholders approved the change of the group's name from Delta Electrical Industries Ltd to Delta EMD Ltd. Trading under the name Delta EMD Ltd, share code: DTA and ISIN number: ZAE000132817, commenced on 18 May 2009.

Change in JSE Listing Sector

Application was made to the JSE Ltd requesting that the group be included in the "Chemicals" listing sector instead of the "Electronics and Electrical" listing sector. The request was approved and the change will be effected on 21 September 2009.
18-May-2009
(Permanent)
Delta Electrical Industries Ltd. changed their name to Delta EMD Ltd on 18 May 2009.
07 May 2009 17:44:00
(Official Notice)
Shareholders are advised that the special resolution relating to the change of name of "Delta Electrical Industries Ltd to "Delta EMD Ltd" has been registered with the Companies and Intellectual Property Registration Office and therefore there are no further conditions precedent outstanding and the dates for the change of name are therefore finalised. The salient dates for the change of name and payment of the special dividend remain unchanged to the dates released on SENS on 4 May 2009.
04 May 2009 16:26:14
(Official Notice)
Shareholders are advised that on Monday, 18 May 2009 Delta Electrical Industries Ltd will commence trading under the new name "Delta EMD Ltd", ISIN number ZAE000132817, share code "DTA" and not "DTS" as previously reported. The abbreviated name will remain "Delta".
04 May 2009 15:56:40
(Official Notice)
30 Apr 2009 16:21:06
(Official Notice)
The annual general meeting of the shareholders of Delta held on 30 April 2009, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolutions will be lodged for registration with the companies and intellectual properties registration office in due course. Change to the board In compliance with the JSE limited listings requirements,Mr P.L. Campbell has retired as an independent non-executive director from the Delta's board with effect from 30 April 2009.
06 Mar 2009 08:11:32
(Official Notice)
With regard to the audited results for the year ended 27 December 2008, shareholders are advised that the annual financial statements have been distributed to shareholders on 6 March 2009 and contain no modifications to the audited results which were published on SENS on 25 February 2009. Notice of the annual general meeting Notice is hereby given that the 92nd annual general meeting of Delta shareholders will be held in the Boardroom, Building 3, Deloitte Place, The Woodlands, 20 Woodlands Drive, Woodmead, Sandton on Thursday 30 April 2009 at 11h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
25 Feb 2009 08:30:08
(C)
18 Feb 2009 08:03:37
(Official Notice)
Delta shareholders are referred to the trading statement which was released on SENS on 15 December 2008. Better than forecast sales volumes in December 2008 have resulted in improved earnings and headline earnings for the 2008 year compared with the forecast provided in the trading statement of 15 December 2008. Shareholders are advised that earnings before taxation is forecast to be between R113 million and R138 million and headline earnings before taxation is forecast to be between R117 million and R143 million for the twelve months ended 27 December 2008 (2007: Loss before taxation of R222.1 million and headline loss before taxation of R141.4 million). Earnings per share for the twelve months ended 27 December 2008 are forecast to be between 164c and 201c (2007: Loss per share of 419c). HEPS are forecast to be between 166c and 204c (2007: Headline loss per share of 297.9c). Cash balances are forecast to be R230 million at 27 December 2008 (December 2007: R218.3 million).
15 Dec 2008 08:00:37
(Official Notice)
The trading performance of the business for the twelve months ending 27 December 2008 is forecast to be a substantial improvement from the year ended 27 December 2007. Earnings before taxation is forecast to be between R102 million and R122 million and headline earnings before taxation is forecast to be between R104 million and R125 million for the twelve months ending 27 December 2008 (2007: Loss before taxation of R222.1 million and headline loss before taxation of R141.4 million).

Operating profit before taxation for the twelve months ending 27 December 2008 is forecast to be between R130 million and R158 million inclusive of the costs in managing the Australian plant since production ended in March 2008 and the gains realised on the sale of certain raw material which compares to an operating loss before taxation of R68.2 million for 2007 excluding closure costs and a profit on sale of land in Australia.

Earnings per share for the twelve months ending 27 December 2008 are forecast to be between 145 cents and 177 cents (2007: Loss per share of 419 cents). Headline earnings per share are forecast to be between 146 cents and 178 cents (2007: Headline loss per share of 297.9 cents). Cash balances are forecast to be in excess of R200 million at 27 December 2008 (December 2007: R218.3 million). This is after the return of capital by way of a capital reduction of R112.6 million (229 cents per share) and the payment of a special dividend of R49.2 million (100 cents per share) to shareholders during 2008.

Delta's results for the twelve months ending 27 December 2008 are expected to be released on or about 23 February 2009.
21 Nov 2008 16:15:41
(Official Notice)
Shareholders are advised that Mr Michael Ogden has resigned as the company secretary of Delta with effect from 19 November 2008. Statucor (Pty) Ltd has been appointed company secretary of Delta with effect from 19 November 2008.
06 Nov 2008 07:37:12
(Official Notice)
The group has agreed the appointment of Praveen Baijnath as chief executive officer of Delta with effect from 1 February 2009.
24 Oct 2008 08:49:38
(Official Notice)
Shareholders are advised that the US Department of Commerce and US International Trade Commission have finally determined not to impose retrospective duties on EMD imported to the US from Australia, and that since the successful conclusion of that matter the group has repatriated the cash funds formerly held in Australia for the possible payment of those duties. As those cash funds are now surplus to the group's requirements, the board has declared a special dividend of 100cps. The salient dates for the payment of the special dividend will be as follows:

*Last date to trade to qualify for the dividend -- Friday, 7 November 2008

*Shares to commence trading ex- dividend on the JSE Ltd -- Monday, 10 November 2008

*Record date -- Friday, 14 November 2008

*Payment date -- Monday, 17 November 2008

The board anticipates payment of further special dividends when the cost of rehabilitating the Kooragang Island residue disposal facility is determined, when the 2005 tax query is resolved and when value is realised through the sale of the group's Australian EMD production and Kooragang Island residue disposal facilities. The group's Delta EMD business continues to trade profitably and to generate cash and should allow the group to resume payment of regular dividends following the group's year end results.
11 Aug 2008 09:27:38
(C)
Revenue increased by 59% from R193.8 million to R308.4 million. An operating profit of R38.1 million was recorded for the half year compared with an operating loss of R35.6 million previously. A profit after taxation attributable to ordinary shareholders of R39.1 million resulted for the half year compares with a loss of R29.8 million for the same period last year. Earnings per share of 79.7 cents and headline earnings per share of 73.5 cents were recorded for the six months ended 27 June 2008, compared with a loss and headline loss per share of 60.8 cents for the same period last year.



Dividend

No dividend has been declared. However, following the 229cps payment to all shareholders out of the group's total share premium of R113 million on 14 July 2008, the board anticipates making further payments to shareholders during the year from existing cash balances as well as from cash inflows realised through trading, the sale of Australian EMD stocks and the eventual disposal of Australian assets.



Prospects

Future market conditions will be shaped in part by the final outcomes of the Japanese and US anti-dumping investigations, which should be concluded during the second half. Sales volumes are expected to reduce during the second half as Australian EMD stocks are depleted and South African sales to Europe reduce, whilst the average selling price is expected to improve with a more favourable sales mix. Improved operational efficiencies and reduced overhead costs are expected to afford a favourable operating profit during the second half.
24 Jul 2008 14:03:43
(Official Notice)
Delta shareholders are referred to the trading statement released on SENS on 23 June 2008 in which shareholders were advised that: "Earnings and headline earnings before taxation for the six months ending 27 June 2008 are forecast to be between R40 million and R46 million. Earnings per share for the six months ending 27 June 2008 are forecast to be between 63c and 75c. Headline earnings per share are forecast to be between 57c and 69c (Headline loss per share of 60.8c)."



Shareholders are now advised that more recent trading and financial forecasts now reflect that: With sales volumes at period end exceeding earlier expectations, earnings and headline earnings before taxation for the six months ending 27 June 2008 are forecast to be between R46 million and R52 million. Earnings per share for the six months ending 27 June 2008 are forecast to be between 74c and 86c (Loss per share of 60.8c). Headline earnings per share are forecast to be between 68c and 80c. The forecast financial information on which this trading statement is based has not been reviewed and reported on by Delta's auditors. Delta's results for the six months ending 27 June 2008 are expected to be released on or about 11 August 2008.
23 Jun 2008 08:52:02
(Official Notice)
Shareholders are advised that the trading performance of the business for the six months ending 27 June 2008 is forecast to be a substantial improvement from the six months ended 27 June 2007. Earnings and headline earnings before taxation for the six months ending 27 June 2008 are both forecast to be between R40 million and R46 million (2007: Losses and headline losses before taxation of R31 million). Earnings per share for the six months ending 27 June 2008 are forecast to be between 63 cents and 75 cents (2007: Loss per share of 60.8 cents). Headline earnings per share are forecast to be between 57 cents and 69 cents (2007: Headline loss per share of 60.8 cents). Modest sales volume increases and improved selling prices have provided improved margins, which have benefited trading profit.



The US Department of Commerce and US International Trade Commission continue to consider the final imposition of duties on EMD imported from China (provisionally 236.8%) and Australia (provisionally 120.5%). They also continue to consider whether to impose retrospective duties on EMD imported from Australia within 90 days prior to the notification of provisional duties during March 2008. Final determinations from the US DOC and US ITC are expected during August and September 2008, and as such no allowance for the payment of US retrospective duties is made in the forecast financial information on which this trading statement is based. Import of EMD produced at the group's Australian plant was discontinued in March 2008 following the closure of that plant. Delta's results for the six months ending 27 June 2008 are expected to be released on or about 11 August 2008.
20 Jun 2008 07:27:42
(Official Notice)
Shareholders are therefore advised that in lieu of a pro rata share repurchase, the group will make a 229 cents per share payment to all shareholders out of the group?s total share premium of R113 million ("the capital reduction"). The capital reduction is made in accordance with the general authority granted to directors, most recently at the Annual General Meeting held on Wednesday, 16 April 2008.
05 Jun 2008 09:38:13
(Official Notice)
Shareholders' were referred to the extract from an announcement made by Delta's holding company Delta plc today:



"Delta EMD's sales of remaining Australian stocks as well as South African produced EMD have met expectations. Selling price increases made at the beginning of the year to provide acceptable margins as well as those selling price increases made since to cover the higher cost of manganese ore have provided better than expected margins, partly due to stock profits, and trading profit also has benefited from reduced overhead costs."



Delta will be releasing its results for the six months ended 27 June 2008 on or about 11 August 2008.
16 Apr 2008 17:30:48
(Official Notice)
At the 91st annual general meeting of the shareholders of Delta held on Wednesday, 16 April 2008, the requisite majority of shareholders approved all the ordinary resolutions and the special resolution proposed at the meeting. The special resolution will be lodged for registration with CIPRO in due course.
26 Mar 2008 15:30:57
(Official Notice)
Shareholders are referred to the no change statement, subsequent events and notice of annual general meeting notice published on SENS on 17 March 2008 ("the announcement"). The announcement advised shareholders that in late February 2008 the US petitioner in the US antidumping investigation made a further submission to the US Department of Commerce (DOC) alleging critical circumstances, seeking the retroactive imposition of a duty on all shipments of Australian EMD into the US since late December 2007. In late March 2008, the DOC issued a preliminary antidumping determination, which imposed a security requirement of 120.6 percent on all entries of Australian EMD into the US since late December 2007. Before antidumping duties could actually be imposed on those shipments, the DOC would have to issue a final affirmative dumping determination and an affirmative critical circumstances determination. The DOC final determination is scheduled for June 2008, but may be extended until August 2008. In addition, the US International Trade Commission ("ITC") would have to separately find that imports of Australian EMD are a cause of material injury, or threaten material injury, to the US industry. In order for duties to be imposed on entries into the US made before the date of publication of the DOC preliminary determination, the ITC would also have to find that those entries are likely to undermine seriously the remedial effect of the antidumping duty order. The ITC determination is scheduled for July 2008, but may be extended until September 2008. Delta has retained US counsel to assist in challenging the Department of Commerce's preliminary determination.



Shareholders are accordingly advised that the Delta board has taken the decision to defer the proposed pro rata repurchase of shares communicated to shareholders on 25 February 2008 in the audited groups results announcement for the year ended 27 December 2007, until the full extent of the above preliminary anti dumping determination finding is better understood, as a fuller understanding of the likely outcome would assist shareholders' in their decision to participate in the pro rata repurchase of shares.
17 Mar 2008 08:58:46
(Official Notice)
There have been no changes to the results published in the audited results announcement and those contained in the 2007 annual financial statements posted to shareholders on 17 March 2008. However, shareholders attention is drawn to the following two subsequent events: Shareholders were advised in the audited results announcement released on SENS on 25 February 2008 that "the Delta board intend making a pro rata offer to shareholders to repurchase Delta ordinary shares for a maximum total consideration of R111 million ("the pro rata offer")". The approval for the pro rata offer was to be sought at the annual general meeting to be held on 16 April 2008.



Shareholders are advised that the approval sought for the pro rata offer has not been included in the notice of annual general meeting included in the 2007 annual report, which was posted to shareholders. An announcement in respect of the pro rata offer will be made separately before the end of March 2008, once the outcome of the preliminary determination on the antidumping matter by the Department of Commerce referred to below is announced on 19 March 2008.



In late February 2008 the US claimant in the US antidumping investigation made a further submission to the Department of Commerce seeking the imposition of a punitive duty on all shipments of Australian EMD into the US since late December 2007. The imposition of this punitive duty is expected to be announced on 19 March 2008 in connection with the preliminary determination on the antidumping matter by the Department of Commerce and to be levied shortly thereafter. Delta EMD has disputed the US claimant's submission, but has been advised that the Department of Commerce will most likely provisionally impose the punitive duty and require the posting of a bond by Delta EMD to secure possible payment of the punitive duty pending final determination of the matter by the International Trade Commission in September 2008. At this stage it is not possible to determine the amount of punitive duty that may be payable.



Notice of annual general meeting

The ninety-first annual general meeting of the company will be held at the 11th Floor, Sandton City Office Tower, Sandton on 16 April 2008 at 11h00. The notice of the meeting is contained in the above mentioned 2007 annual financial statements.
14 Mar 2008 07:37:05
(Official Notice)
Following the board?s decision in December 2007 to close Delta EMD`s Australian manufacturing facility, EMD production has now ceased in Australia and the facility will be wound down and decommissioned. With the future of Delta EMD`s operations now centred in South Africa, the Delta EMD senior management team will be located in South Africa.



Michael Renehan, the Managing Director of the Delta EMD businesses and an executive director of Delta, who has been based in Australia, will leave the Group effective 31 March 2008. A search for a Chief Executive has commenced and during the transition period Todd Atkinson, Non-Executive Chairman of Delta, will serve as Executive Chairman with Chris Jacobs, Finance Director, Stephen Elliott, Director of Operations, and Ashley Moore, Director of Sales - Marketing, reporting directly to Todd.
25 Feb 2008 12:28:23
(C)
The group?s results for the year ended 27 December 2007 were negatively affected by exceptional items of R191.5 million including closure costs provided for (R187.6 million) associated with the board?s decision to cease production at the Australian plant, which was announced to shareholders by way of a trading update on 18 December 2007. Revenue increased by 11% from R438 million in 2006 to R486 million associated with higher volumes. While average selling prices improved only modestly, the increased revenue from volumes was partly offset by a devaluation of the US dollar revenues against the Australian dollar. An operating loss of R68.2 million was recorded for the year before exceptional items which included the Australian closure costs and the gain on sale of surplus land adjacent to the Australia plant. This compares with an operating loss of R58.9 million in 2006.



Dividends

No dividend was declared for the period under review.



Prospects

Improved sales volumes and selling prices are expected to allow the South African plant to trade profitably. The group expects the Australian operation to trade profitably with the sale of that plant?s limited 2008 production and remaining stocks. Head office costs will be closely managed and reduced as the Australian operations are wound down. Whilst the financial performance of both operations is expected to improve during the year, the South African operation is expected to require cash for additional working capital and capital expenditures, whilst the Australian operation is expected to be cash generative. The group?s year end cash balances are expected to increase and would facilitate a further return of cash to shareholders.
15 Feb 2008 09:40:32
(Official Notice)
Delta shareholders are referred to the trading update which was released on SENS on 18 December 2007. This advised shareholders that a further trading update would be released once the impairment and closure costs associated with the cessation of production at the Delta EMD Australia plant were estimated with reasonable certainty. Provisions have now been made for these costs based on reasonable estimates.



Shareholders are advised that a loss before taxation of between R212 million and R233 million (2006: R62 million) and headline loss before taxation of between R139 million and R153 million (2006: R127.4 million) is expected for the twelve months ended 27 December 2007.
13 Jul 2006 10:36:22
(Official Notice)
Shareholders are referred to the Prospects Statement contained in the Audited Results Announcement published on 23 February 2006 in which Delta directors highlighted that the results of the continuing business will amongst others be dependent on exchange rates and the impact of higher production costs. In addition the results of the business in 2006 would be negatively affected by the Secondary Taxation Charge ("STC") on the final special dividend and positively affected by interest earned on the sale proceeds up to the payment of the final special dividend.



Shareholders are advised that a loss and headline loss per share of between 178c and 186c from continuing operations is forecast for the six months to 27 June 2006, which compares with the earnings and headline earnings per share of 11.8cs from continuing operations for the six months ended June 2005. The forecast loss and headline loss per share for the six months ended 27 June 2006, is negatively affected by the STC charge of R86 million (175c per share) paid on the final special dividend in March 2006. Excluding the STC charge on the final special dividend the forecast loss and headline loss per share would be between 3c and 11c.



A loss and headline loss before taxation of between R3 million and R7 million is forecast for the six months to 27 June 2006. This loss and headline loss compares with the earnings and headline earnings before taxation from continuing operations of R10 million for the six months ended June 2005.
30 Jun 2006 11:00:15
(Official Notice)
Delta shareholders are advised that Mr Brian Wright, will be retiring as Managing Director of Delta and will take up the appointment of non-executive director of Delta with effect from 3 July 2006. Furthermore, Mr Michael Renehan, the Managing Director of EMD Investments (Pty) Ltd, the holding company of the Delta EMD business in South Africa and Australia, will be appointed as an executive director of Delta with effect from 3 July 2006.
11 May 2006 15:56:40
(Official Notice)
Shareholders are advised that, at the annual general meeting of Delta held today all resolutions were passed by the requisite majority of shareholders.
11 May 2006 15:05:38
(Official Notice)
A C Hicks, has been appointed as an independent non-executive director to the board of directors of Delta with immediate effect.
10 Mar 2006 10:44:32
(Official Notice)
Further to Delta's audited group results for the year ended 27 December 2005, published on 23 February 2006, the annual report has been posted today. The annual report contains no modifications to the aforementioned published audited results. The annual general meeting of the members of Delta will be held at 11:00 on Thursday, 11 May 2006 at the company's registered office, 11th Floor, Sandton City Office Tower, Rivonia Road, Sandown.
23 Feb 2006 18:33:54
(C)
Headline earnings per share decreased by 15.5% to 199.4c (236c restated), which excludes the profit on the sale of the divisions included in attributable earnings per share of 2118.7c (232.4cps). Revenue for the year decreased by 5% to R1 305 million (R1 371 million). The decrease was due to the Repairs and Services and Replacement Parts divisions only being included for the nine months to 30 September 2005, the effective date of sale, compared with twelve months in 2004. Revenue from continuing operations increased by 32% to R524 million (R397 million). Operating profit, excluding the profit on the sale of the divisions increased to R166 million for the year ended 2005 (R151 million). A net cash inflow of R1 005 million was recorded in 2005. This favourable cash position was brought about by the sale proceeds of R1 342 million and after the payment of an initial special dividend of R293 million. The group adopted the International Financial Reporting Standards with effect from 27 December 2004. Prior years comparative figures have been restated to reflect IFRS.



Dividends

A final dividend of R14.00 per share was declared from the sale proceeds realised on the sale of the Repairs and Services and Replacement Parts divisions.



Prospects

The future results of the remaining business, Delta EMD, will depend very much on exchange rates as well as the extent of selling price increases achieved, offset by the impact of higher production costs. Headline earnings per share for the twelve months ended December 2006 will be negatively affected by a STC charge of 175 cents per share on the final special dividend and will be positively affected by interest earned on the sale proceeds up to the payment date of the final special dividend.
10 Nov 2005 17:42:25
(Official Notice)
Shareholders are referred to the announcements released on 9 June, 18 August, 24 August and 29 September 2005 and the circular to ordinary shareholders dated 25 July 2005 regarding the disposal of the Repairs and Services and Replacement Parts divisions of DEI.



DEI announces that the disposal has been successfully concluded. The final sale price was R1 341 766 950, which has been received in full. DEI intends to distribute the surplus proceeds from the disposal to DEI shareholders after making adequate provision for the future funding requirements of its remaining business, Delta EMD. DEI is currently in the process of assessing the funding requirements of the EMD business and this process is not yet complete.
30 Sep 2005 14:36:53
(Official Notice)
Delta shareholders are advised that Mr B G Hitchcock, financial director of Delta, and M. R B Spoon, executive director of Delta, have resigned from the Delta board with effect from 1 October 2005. Their resignation follows the disposal of the Repairs and Services and Replacement Parts divisions of Delta, details of which were included in a circular dated 25 July 2005, as they will continue to be involved in the management of the disposed divisions. Further to this, Mr C J Jacobs, a Chartered Accountant and currently Delta"s Commercial Manager and Company Secretary, has been appointed as Delta"s financial director with effect from 1 October 2005. Mr. C J Jacobs has been with the Delta group for 20 years where he has held various senior financial positions.
29 Sep 2005 14:52:16
(Official Notice)
Shareholders are referred to the announcements released on 9 June, 18 August and 24 August 2005 and the circular to ordinary shareholders dated 25 July 2005 regarding the disposal of the Repairs and Services and Replacement Parts divisions of DEI ("the disposal"). DEI announces that the sole remaining condition precedent was fulfilled today, making the disposal unconditional. The effective date for the disposal will be 30 September 2005.
02 Sep 2005 17:45:05
(C)
Headline earnings per share for the six months ended 30 June 2005 were 155c, 94% higher than the restated 79.7c earned for the six months ended 30 June 2004. Group revenue grew by 13% to R731.3 million (R649,2 million) for the period and operating profit increased by 66% to R110.1 million (R66.2 million). Growth in revenue was achieved in both the Electrolytic Manganese Dioxide (`EMD`) and Repairs and Services divisions, with improved operating profit in all the divisions. The group adopted the International Financial Reporting Standards (`IFRS`) with effect from 28 December 2004. Prior year`s comparative figures have been restated to reflect IFRS. The effect of the restatement is to increase operating profit for the six months to 30 June 2004 by R3.9 million. A dividend of 39cps was declared.



Prospects

The sale of the disposal group referred to above is likely to take place on 30 September 2005. As set out in the circular to shareholders dated 25 July 2005, the group expects to realise a profit of approximately R900 million from the disposal. This profit has not been included in the calculation of headline earnings per share. The headline earnings per share forecast for the year ended 27 December 2005, taking into account the sale of the disposal group effective 30 September 2005, does not differ by more than 20% from the restated headline earnings per share reported for the year ended 27 December 2004. This forecast has not been reviewed or reported on by the group`s auditors.
24 Aug 2005 15:21:41
(Official Notice)
Shareholders are referred to the announcements released on 9 June and 18 August 2005 and the circular to ordinary shareholders dated 25 July 2005 regarding the disposal of the Repairs and Services and Replacement Parts divisions by DEI (`the disposal`). DEI has announced that shareholders in general meeting, today approved the resolutions necessary to give effect to the disposal. The disposal remains conditional on the financing required to implement the disposal being made available to the purchaser, in terms of the commitment letter issued by the mandated lead arranger and underwriter, Barclays Bank plc, South Africa Branch. The sole condition precedent is expected to be fulfilled by no later than 29 September 2005, thereby making the effective date for the disposal 30 September 2005.
18 Aug 2005 13:06:47
(Official Notice)
Shareholders are referred to the announcement released on 9 June 2005 and the circular to ordinary shareholders dated 25 July 2005 regarding the disposal of the Repairs and Services and Replacement Parts divisions by DEI. Shareholders are advised that Delta plc announced today, on the London Stock Exchange, that approval was received from its shareholders for the disposal. Shareholders are further advised that unconditional approval has been given by the Competition Commission for the disposal. The disposal remains conditional on the fulfilment of the following outstanding conditions precedent:

*Approval by DEI`s shareholders in general meeting on 24 August 2005; and

*The financing required to implement the disposal being made available to the purchaser, in terms of the commitment letter issued by the Mandated Lead Arranger and Underwriter, Barclays Bank plc, South Africa Branch.
26 Jul 2005 12:29:16
(Official Notice)
Shareholders of DEI are advised that a circular containing details of the disposal by the company of the Repairs and Services and Replacement Parts divisions was posted to shareholders yesterday. Shareholders are further advised that the general meeting of ordinary shareholders will be held on 24 August 2005, further details of which are set out in the aforementioned circular.
09 Jun 2005 16:27:20
(Official Notice)
16-Apr-2015
(X)
Delta EMD is a registered holding company for a group that manufactured and supplied Electrolytic Manganese Dioxide (EMD). EMD is mainly used in the manufacturing of dry alkaline batteries.



Delta's EMD is marketed under the Delta brand names:Delta Silver; Green; TCA; TSS; TXL



Delta maintains a primary listing on the main board of the JSE Ltd.


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