HOME     SUBSCRIBERS     TRADE     PRODUCTS & SERVICES    
About Sharenet
Enter any share name or code:    

29-Sep-2017
(Official Notice)
Shareholders are advised that eMedia?s integrated annual report, incorporating the summarised reviewed results for the year ended 31 March 2017, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 24 May 2017.



Shareholders are advised that the integrated annual report and the annual financial statements for the year ended 31 March 2017 are available on the Company?s website (www.emediaholdings.co.za).



The integrated annual report contains a notice of Annual General Meeting for eMedia shareholders, which will be held at the registered offices of the Company, 4 Stirling Street, Zonnebloem, 7925 on Wednesday, 1 November 2017 at 10:00. Shareholders should note the voting record date is Friday, 20 October 2017 and last date to trade is Tuesday, 17 October 2017.
14-Sep-2017
(Official Notice)
Shareholders are advised that following changes within the Hosken Consolidated Investments (HCI) Group, the following appointments within eMedia will be made, which are expected to be effective from 1 November 2017: Andre van der Veen as CEO and Khalik Sheriff as deputy CEO. Current acting CEO, Kevin Govender will remain on the eMedia Holdings board as a non- executive director.

24-May-2017
(C)
Revenue from continuing operations for the year increased by 6.9% to R2.6 billion (2016: R2.4 billion). Gross profit was up by 5.5% to R1.4 billion (2016: R1.3 billion). Operating profit was 4.2% higher at R271.4 million (2016: R260.6 million). Profit attributable to owners of the company shot up to R104.8 million (2016: loss of R63.6 million). Furthermore, headline earnings per share from continuing operations was recorded at 20.23 cents per share (2016: 8.59 cents per share).



Dividend to shareholders

The directors have resolved not to declare a dividend for the year ended 31 March 2017 (2016: Nil).



19-May-2017
(Official Notice)
For the year ended 31 March 2017, shareholders are advised:

- Earnings per share is expected to range between 22.50 and 24.50 cents per share (2016: 14.47 cents loss per share).

- Earnings per share from continuing operations is expected to range between 15.30 and 17.30 cents per share, which is between 90% and 115% higher than the previous financial reporting period (2016: 8.02 cents).

- Earnings per share from discontinuing operations is expected to range between 6.10 and 8.10 cents per share (2016: 22.49 cents loss per share).

- Headline earnings per share is expected to range between 21.00 and 23.00 cents per share (2016: 7.33 cents).

- Headline earnings from continuing operations is expected to range between 19.20 and 21.20 cents per share (2016: 8.59 cents).

- Headline earnings from discontinuing operations is expected to range between 0.65 and 2.65 cents per share (2016: 1.26 cents loss per share).



The increase in headline earnings per share can be attributed to the market share of the Groups? core asset, e.tv remaining constant and the consequent impact it had on advertising revenue increasing by 9.0% year-on-year. The Group?s results for the year ended 31 March 2017 are scheduled to be published on or about 24 May 2017.
23-Nov-2016
(C)
15-Nov-2016
(Official Notice)
For the six months ended 30 September 2016, shareholders are advised:

- Earnings per share is expected to range between 18.38 and 20.68 cents per share (2015: 17.36 cents), which is an increase of between 6% and 19% compared to the prior period.

- Earnings per share from continuing operations is expected to range between 15.20 and 16.60 cents per share (2015: 18.98 cents), which is a decrease of between 13% and 20% compared to the prior period.

- Earnings per share from discontinuing operations is expected to range between 3.59 and 5.29 cents per share (2015: 1.63 cents loss per share).

- Headline earnings per share is expected to range between 13.76 and 15.46 cents per share (2015: 17.12 cents), which is a decrease of between 10% and 20% compared to the prior period.

- Headline earnings from continuing operations is expected to range between 14.90 and 17.40 cents per share (2015: 19.48 cents), which is a decrease of between 11% and 24% compared to the prior period.

- Headline losses from discontinuing operations is expected to range between 0.44 and 1.64 cents per share (2015: 2.37 cents earnings per share), which is a decrease of between 31% and 82% compared to the prior period.



The positive increase in earnings per share can be attributed to the recovery in the market share of the Groups? core asset, e.tv and the consequent impact it had on advertising revenue increasing by 11.3% year-on-year. The decrease in headline earnings per share is due to the once-off gain recognized in the prior period relating to de- recognition of the share based payment liability resulting from certain share options that were forfeited.



The Group?s results for the six months ended 30 September 2016 are expected to be published on or about 23 November 2016.
04-Nov-2016
(Official Notice)
eMedia ordinary shareholders and N-ordinary shareholders (collectively, the "eMedia Shareholders") are advised that at the Annual General Meeting (?AGM?) of eMedia held on Tuesday 1st November 2016, all the resolutions, as set out in the notice of AGM and proposed at the meeting were passed, without modification, by the requisite majority of eMedia Shareholders.
30-Sep-2016
(Official Notice)
Shareholders are advised that eMedia?s integrated annual report, incorporating the summarised reviewed results for the year ended 31 March 2016, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 25 May 2016.



Shareholders are advised that the integrated annual report and the annual financial statements for the year ended 31 March 2016 are available on the Company?s website (www.emediaholdings.co.za). The integrated annual report contains a notice of Annual General Meeting for eMedia Holdings shareholders, which will be held at the registered offices of the Company, 4 Stirling Street, Zonnebloem, 7925 on Tuesday, 1 November 2016 at 10:00.
25-May-2016
(C)
Revenue from continuing operations for the year increased by 1.7% to R2.431 billion (2015: R2.390 billion). Gross profit decreased by 4.7% to R1.3 billion (2015: R1.4 billion). Operating profit dropped by 36.1% to R260.5 million (2015: R407.8 million). Loss attributable to owners of the company was recorded at R63.6 million (2015: profit of R124.8 million). Furthermore, headline earnings per share from continuing operations plummeted to 7.98 cents per share (2015: 39.50 cents per share).



Dividend

The directors have resolved not to declare a dividend for the year ended 31 March 2016 (2015: Nil).

24-May-2016
(Official Notice)
For the year ended 31 March 2016, shareholders are advised:

* Loss per share is expected to range between 12.97 and 15.97 cents per share (2015: 30.27 cents earnings per share).

* Earnings per share from continuing operations is expected to range between 6.34 and 9.34 cents per share (2015: 32.99 cents), which is a decrease of between 72% and 81% compared to the prior year.

* Loss per share from discontinuing operations is expected to range between 22.09 and 22.62 cents per share (2015: 2.73 cents).

* Headline earnings per share is expected to range between 6.33 and 8.33 cents per share (2015: 41.07 cents), which is a decrease of between 80% and 85% compared to the prior year.

* Headline earnings from continuing operations is expected to range between 6.98 and 8.98 cents per share (2015: 39.50 cents), which is a decrease of between 77% and 82% compared to the prior year.

* Headline losses from discontinuing operations is expected to range between 0.55 and 0.75 cents per share (2015: 1.57 cents earnings per share).



The decline in earnings per share can be attributed to the sharp decline in the market share during the previous financial year and the impact it had on advertising revenue in the Group?s core asset. This together with the current economic climate and the increased investment into programming to recover the market share has seen profits under pressure. The Group also continues to re-invest into the multi-channel business for which very little revenue is currently earned. A further impact on the decline is the deferred tax on the increase in the inclusion rate of Capital Gains Tax as announced by the Minister of Finance during the budget speech. Finally the Group continued disposing of non-core assets which also had an impact.



The Group?s results for the year ended 31 March 2016 are expected to be published on or about 25 May 2016.
30-Nov-2015
(Permanent)
E Media has restructured its stated capital by consolidating its authorised and issued stated capital on the basis of 10 to 1 (Share Consolidation) effective 30 November 2015. All historical prices have been adjusted.

27-Nov-2015
(Permanent)
Seardel Investment Corporation Ltd. was renamed to E Media Holdings Ltd. on 30 November 2015
20-Nov-2015
(Official Notice)
Seardel ordinary shareholders and N-ordinary shareholders (collectively, the "Seardel Shareholders") are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. (?SENS?) on Friday, 30 October 2015 in which the Company advised shareholders of the results of the Annual General Meeting, and that resolutions were passed approving, inter alia:

*the name change of the Company to E Media Holdings Ltd. (?Name Change?); and

*the restructuring of the Company?s stated capital by consolidating its authorised and issued stated capital on the basis of 10 to 1 (?Share Consolidation?) by:

**the consolidation of every 10 Ordinary Shares of no par value into 1 Ordinary Share of no par value; and

**the consolidation of every 10 N-Shares of no par value into 1 N-Share of no par value.



Seardel advised that the special resolutions necessary for the Name Change and Share Consolidation, together with all prescribed documents, have been accepted and placed on file by the Companies and Intellectual Property Commission. Accordingly, the Name Change and Share Consolidation will proceed as per the timetable below.



Important dates and times

*Release of finalisation announcement in respect of the Name Change and Share Consolidation on SENS - Friday, 20 November

*Last date to trade under the old name and in order to take part in the Name Change and Share Consolidation - Friday, 27 November

*Trading under the new name of E Media Holdings Ltd. and with the new capital structure following the Share Consolidation commences, under the JSE share code ?EMN? in respect of N-Shares and ?EMH? in respect of Ordinary Shares and new ISINs ZAE000209524 and ZAE000208898 respectively - Monday, 30 November

*Record date in respect of the Name Change and Share Consolidation - Friday, 4 December

*Posting of new share certificates in respect of Certificated Seardel Shares following the Name Change and Share Consolidation and update of CSDP and broker safe custody accounts - Monday, 7 December
19-Nov-2015
(C)
12-Nov-2015
(Official Notice)
In terms of section 3.4 (b) of the JSE Ltd. Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the period to be reported upon next (?the Reporting Period?) will be more than 20% different than that of the previous corresponding period.



Shareholders are hereby advised that a reasonable degree of certainty exists that for the six months ended 30 September 2015, the Company will report basic earnings per share of between 1.92 cents and 1.72 cents, being an increase of between 35% and 21% respectively, and headline earnings per share of between 1.89 cents and 1.59 cents, being an increase of between 42% and 20% respectively, as opposed to basic earnings per share of 1.42 cents and headline earnings per share of 1.33 cents for the previous corresponding period.



The increase in basic earnings per share and headline earnings per share is mainly due to the favourable revaluation of the share based payment liability on the swap transaction in respect of the Company increasing its stake in Sabido Investments (Pty) Ltd. to 67.7%. The realization of the share based payment liability is due to options being exercised or cancelled.



The above information has not been reviewed or reported on by the Company?s auditors. The Company?s results are expected to be published on or about 18 November 2015.
11-Nov-2015
(Official Notice)
In compliance with the requirements of paragraph 3.59 of the Listings Requirements of the JSE Ltd., the Company hereby advises that HCI Managerial Services (Pty) Ltd., the Company Secretary, has resigned from its position and that Miss. Junadi Van Der Merwe has been appointed as Company Secretary with effect from 9 November 2015.



Change in registered address

Shareholders are further advised that the Company?s registered address has changed to the following address:

Physical address:

*5 Summit Road

*Dunkeld West

*Johannesburg

*2196



Postal address:

*Private Bag X9944

*Sandton

*Johannesburg

*2146



Telephone number: 011 537 9300



The above change in the Company Secretary and the registered address of the Company is in the process of being lodged with the Companies and Intellectual Property Commission.
30-Oct-2015
(Official Notice)
Seardel ordinary shareholders and N-ordinary shareholders (collectively, the "Seardel Shareholders") are advised that at the Annual General Meeting (?AGM?) of Seardel held on Thursday, 29 October 2015, all the resolutions set out in the notice of AGM and proposed at the meeting were passed, without modification, by the requisite majority of Seardel Shareholders. Please see the timetable below with respect to the name change and share consolidation. Please note that the dates may change as they are subject to the filing and registration of the relevant special resolutions with the CIPC and the provision of copies thereof to the JSE. Any changes in dates will be announced on SENS.



Salient dates

* Annual General Meeting, 10h00 on Thursday, 29 October

* Release of finalisation announcement in respect of the name change and share consolidation on SENS: Friday, 20 November

* Last date to trade under the old name and in order to take part in the share consolidation: Friday, 27 November

* Trading under the new name of E Media Holdings Ltd. and with the new capital structure following the share consolidation commences, under the JSE share code ?EMN? in respect of N-Shares and ?EMH? in respect of Ordinary Shares and new ISINs ZAE000209524 and ZAE 000208898 respectively: Monday, 30 November.
30-Sep-2015
(Official Notice)
29-Sep-2015
(Official Notice)
Change statement

Shareholders are advised that the company?s Integrated Annual Report, containing the reviewed consolidated condensed annual results for the year ended 31 March 2015 as well as the audited annual financial statements for the year ended 31 March 2015 was posted on the company?s website, www.seardel.co.za today, 29 September 2015.



The modification arose as a result of the correct inclusion of the tax effect on the remeasurement of investment property to the headline earnings reconciliation. The annual financial statements were audited by the company?s auditors, Grant Thornton Inc., and their unmodified report is available for inspection at Seardel?s registered office.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of the shareholders of the company will be held on Thursday, 29 October 2015 at 10:00 at the registered offices of the company, Suite 801, 76 Regent Street, Sea Point 8005 to transact the business as stated in the notice of annual general meeting forming part of the integrated report.



Record dates

The Board of Directors of the company has determined that the record date for the purposes of determining which shareholders of the company are entitled to receive notice of the Annual General Meeting is Friday, 18 September 2015. The record date on which shareholders of the company must be registered as such in the company?s register of shareholders in order to participate in and vote at the annual general meeting is Friday, 23 October 2015.

07-Sep-2015
(Official Notice)
Seardel ordinary shareholders and N-ordinary shareholders (collectively ?Seardel Shareholders?) are advised that various employees of Sabido Investments (Pty) Ltd. (?Sabido?) have accepted an offer by Seardel in terms of which Seardel will acquire their ordinary shares in the issued share capital of Sabido (?Sabido Shares?) in exchange for N-ordinary shares (?N-Shares?) in the share capital of Seardel (?the Proposed Transaction?).



In aggregate Seardel will acquire 1 226 790 Sabido Shares in exchange for 139 163 377 N-Shares at a price of R0.70 per N-Share which equates to a swap ratio of 113.437 N- Shares per Sabido Share. The Proposed Transaction will increase Seardel?s shareholding in Sabido from 63.9% to 67.7%.



Rationale

The Proposed Transaction will simplify Seardel?s group structure by increasing its stake in Sabido from 63.9% to 67.7%, and will provide employees who hold shares in Sabido with improved liquidity and tradability which is expected to be favourable for employee alignment and incentivisation.



Implementation date

It is anticipated that the Proposed Transaction will be implemented on or about 14 September 2015 ("Implementation Date").



Lock in

Employees who have accepted the offer have agreed not to dispose the N-Shares they receive as consideration before the following dates:

* 25% of the N-Shares may be sold at any time after the Implementation Date;

* a further 25% of the N-Shares may be sold on or after 31 December 2015;

* a further 25% of the N-Shares may be sold on or after 31 December 2016; and

* the remaining 25% of the N-Shares may be sold on or after 31 December 2017.



Categorisation

In terms of the Listing Requirements, the Proposed Transaction falls below the relevant thresholds and this announcement is released on a voluntary basis.
21-May-2015
(C)
Revenue increased to R2.4 billion (R1.2 billion). Gross profit came in at R1.4 billion (R743.1 million) and operating profit increased to R406.6 million (R247.9 million). Net attributable profit of R124.8 million was recorded (loss of R11.2 million). In addition, headline earnings from continuing operations grew to 3.92cps (headline loss of 1.78cps).



Dividend

The directors have resolved not to declare a dividend for the year ended 31 March 2015.
18-May-2015
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that for the year ended 31 March 2015, the Company will report basic earnings per share of between 3.15 cents and 2.90 cents, being an increase of between 350% and 330% respectively, and headline earnings per share of between 3.91 cents and 3.89 cents, being an increase of between 3810% and 3790% respectively, as opposed to restated basic loss per share of 1.26 cents and restated headline earnings per share of 0.10 cents for the prior year.



The significant increase in basic earnings per share and headline earnings per share is mainly due to the recent restructuring of the group with the non media assets being unbundled and separately listed and the media assets being the only assets of the group going forward. In addition the media assets, being primarily the group?s 64% interest in Sabido Investments Pty Ltd, was in the current year consolidated and reported on for a full 12 month period as opposed to being reported on for a six month period in the prior year.



The above information has not been reviewed or reported on by the Company`s auditors. The Company`s results are expected to be published on or about 21 May 2015.

15-Apr-2015
(Official Notice)
Seardel shareholders are advised that the following changes have been made to the composition of the Seardel board of directors:



Mr Mohamed Ahmed has resigned as a director of the company.



The company welcomes Mr Loganathan (?Logie?) Govender to the board of Seardel as an independent non-executive director as of 14 April 2015. Logie will serve as a member of Audit and Risk committee.
02-Dec-2014
(Official Notice)
02-Dec-2014
(Official Notice)
Shareholders are advised that further to the unbundling and separate listing of Deneb Investments Ltd. with effect from 1 December 2014, the following directors have resigned from the board of Seardel with immediate effect:

* Stuart Queen

* Gys Wege

* Amon Ntuli

* David Duncan

* Yunis Shaik

* Naziema Jappie



The following appointments were made to the board of directors with effect from 1 December 2014:

* Elias Mphande ? Independent non-executive director and member of the audit committee; and

* Antonio Lee ? Financial director

* Kevin Govender, currently a non-executive director of the Company, is appointed as the Acting Chief Executive Officer.



The reconstituted board of the Company accordingly comprises:

* John Copelyn (Non-executive Chairman)

* Kevin Govender (Acting Chief Executive Officer)

* Antonio Lee (Financial Director)

* Mohamed Ahmed (Independent non-executive director and Chairperson of the audit committee)

* Rachel Watson (Independent non-executive director and member of the audit committee)

* Elias Mphande (Independent non-executive director and member of the audit committee).
01-Dec-2014
(Permanent)
Seardel underwent an unbundling in the ratio of 12.91952 shares : 100 shares on 1 December 2014.
20-Nov-2014
(C)
Revenue for the interim period more than doubled to R2.4 billion (R1.1 billion). Gross profit shot up by 265.4% to R1.0 billion (R274.0 million). Operating profit before finance costs jumped 136.4% to R233.5 million (R98.8 million). Profit attributable to owners jumped to R55.6 million (R28.1 million). In addition, headline earnings per share from continuing operations fell to 1.3 cps (11.5cps).
14-Nov-2014
(Official Notice)
12-Nov-2014
(Official Notice)
Seardel accordingly advises that for the six months ended 30 September 2014 the Company expects its financial results to fall within the following ranges:

2014 (Cents) :

*Basic earnings per share 1.3-1.6 (68.29%) - (60.98%)

*Headline earnings per share 1.3-1.6 (68.29%) - (60.98%)



Shareholders are advised that the results for the Reporting Period are not directly comparable with the prior period for the following reasons:

*The results for the six months to September 2014 include the results of HCI Invest 3 Holdco Pty Ltd (Sabido Holdco), which holds a 63,9% interest in Sabido Investments Pty Ltd, the media group which owns e.tv and a variety of other broadcasting, content and production businesses. Sabido Holdco was acquired in the second half of the previous financial year through a combination of debt and equity. The equity portion was settled by the issue of 500 million N ordinary shares;

*On the 29 April 2014, the Company successfully concluded a R5 billion Rights Issue to Shareholders and issued 3,125 billion new N Ordinary Shares; and

*The above has resulted in the number of shares in issue increasing from 685 925 143 Ordinary and N Ordinary shares in the comparative period to 4 318 211 754 Ordinary and N Ordinary shares in the current period.



The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. Shareholders are advised that the results for the six months ended 30 September 2014 are expected to be released on 21 November 2014.
30-Oct-2014
(Official Notice)
Seardel shareholders are advised that at the Annual General Meeting of members held on Thursday, 30 October 2014, all the ordinary and special resolutions as proposed in the Notice of Annual General Meeting were approved by the requisite majority of members.
30-Sep-2014
(Official Notice)
Shareholders are advised that Seardel`s integrated annual report, incorporating the audited results for the year ended 31 March 2014, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 22 May 2014. KPMG Inc. audited the results and the annual financial statements of Seardel and their unqualified report are available for inspection at the registered offices of the Company.



Shareholders are advised that the integrated annual report for the year ended 31 March 2014 is available on the Company?s website (www.seardel.co.za). The annual report contains a notice of Annual General Meeting for Seardel shareholders, which will be held at the offices of Hosken Consolidated Investments Limited Suite 801, 76 Regent Street, Sea Point 8005, Cape Town on 30 October 2014 at 10:00

17-Sep-2014
(Official Notice)
Seardel shareholders (Shareholders) are referred to the announcement dated 28 August 2014 (the Announcement) regarding the small related party transactions whereby Sabido Investments Pty Ltd (Sabido), a subsidiary of Seardel, entered into agreements for the acquisition of shares in Longkloof Ltd and Crystal Brook Distribution Proprietary Limited, from related party companies, (the Transactions), the detail of which is set out in the Announcement.



Shareholders are hereby advised that all the conditions precedent to the Transactions have now been fulfilled and that the Transactions have become unconditional.

28-Aug-2014
(Official Notice)
The Seardel board of directors ("Board") is pleased to confirm its intention to separately list Seardel?s non-media investments via a newly created investment holding company, Deneb Investments Ltd. ("Deneb") on the securities exchange operated by the JSE Ltd. ("JSE") ("Deneb Listing") and the unbundling of Seardel?s interest in Deneb to Seardel ordinary shareholders and N-shareholders ("Seardel Shareholders") ("Unbundling"), subject to the receipt of necessary regulatory approvals.



Post the Deneb Listing and Unbundling, Seardel will remain a media focussed investment company, allowing it to concentrate its resources on growing Seardel?s media businesses while providing Seardel Shareholders direct access to the underlying media investments. The Board is of the view that the proposed Deneb Listing and the Unbundling should be beneficial to Seardel Shareholders and should enhance shareholder value, inter alia, by allowing Seardel Shareholders the flexibility to maintain, increase or decrease their investment in Seardel?s media and non-media investment portfolios based on their specific investment preferences.



The Deneb Listing and the Unbundling is subject to various conditions including JSE approval. A further announcement regarding the Deneb Listing and Unbundling will be made to Seardel Shareholders in due course.





28-Aug-2014
(Official Notice)
Seardel shareholders ("Shareholders") are hereby advised that Sabido Investments (Pty) Ltd. ("Sabido"), a subsidiary of Seardel, has entered into agreements for the acquisition of shares in the following companies;

*100% of the issued share capital in Longkloof Ltd. ("Longkloof") which is currently owned 80% by Deepkloof Ltd. ("Deepkloof"), a subsidiary of Hosken Consolidated Investments Ltd. ("HCI") and 20% by IPROP Holdings Ltd. ("IPROP"), an indirect wholly owned subsidiary of Remgro Ltd. ("Remgro") ("Longkloof Acquisition"); and



*100% of the issued share capital of Crystal Brook Distribution Proprietary Ltd. ("Crystal Brook") which is currently owned 80% by HCI International Holdings Ltd. ("HCI International"), a subsidiary of HCI, and 20% by Venfin Media Beleggings Proprietary Ltd. ("Venfin"), a wholly owned subsidiary of Remgro ("Crystal Brook Acquisition"); (collectively, "the Transactions").



The closing date of the Transactions is 5 business days after the conditions precedent to the Transactions having been fulfilled ("Closing Date").



Based on Seardel?s reviewed results for the year ended 31 March 2014 ("Results"), the financial effects of t he Transactions on Seardel?s earnings per share ("EPS"), diluted earnings per share ("DEPS"), headline earnings per share ("HEPS"), diluted headline earnings per share ("DHEPS"), net asset value per share ("NAV") and net tangible asset value per share ("NTAV") are set out below. The financial effects are prepared for illustrative purposes only, and because of their nature, may not give a fair presentation of Seardel's financial position, changes in equity, results of operations and cash flows or the effect and impact of the Transactions.
11-Jul-2014
(Official Notice)
In accordance with the provisions of paragraph 3.59(a) of the Listings Requirements of the JSE Ltd., Ms Naziema Jappie has been appointed as an Independent non - executive director and member of the audit committee of Seardel with effect from 10 July 2014.
22-May-2014
(C)
Revenue increased to R3.4 billion (R1.8 billion). Gross profit almost tripled to R1.3 billion (R454 million) and operating profit before finance costs more than quadrupled to R456.1 million (R108.6 million). However, a net attributable loss of R11.2 million was recorded (profit of R40.9 million). In addition, headline earnings from continuing operations grew to 14.1cps (9.4cps).



Dividend

No dividend has been declared.
19-May-2014
(Official Notice)
Shareholders are advised that the current year basic earnings per share and headlines earnings per shares take into account losses in respect of discontinued operations related to the disposal of its clothing manufacturing operation, as announced on SENS on 29 October 2013. Seardel accordingly advises that for the year ended 31 March 2014 the company expects a loss per share of between 0-2cps (2013: earnings of 6cps) and headline earnings per share of between 0-2cps (2013: 2.9cps). Shareholders are advised that the results for the year ended 31 March 2014 are scheduled to be released on 22 May 2014.
29-Apr-2014
(Official Notice)
Holders of Seardel "N" ordinary shares ("N Shares") and Seardel ordinary shares ("Ordinary Shares") (collectively, the "Seardel Shareholders") are referred to the SENS announcement and circular dated 24 February 2014 ("Rights Offer Circular"), regarding the fully underwritten, renounceable rights offer to raise R5 billion through the issue of 3 125 billion new N Shares in the ratio of 258.93 new N Shares ("Rights Offer Shares") for every 100 Ordinary Shares and/or N Shares held on the rights offer record date, Friday, 4 April 2014 ("Record Date") at an issue price of R1.60 per Rights Offer Share (the "Rights Offer"). In terms of the Rights Offer, Seardel announces that:

* Seardel Shareholders and their renouncees applied for 380 447 662 Rights Offer Shares (12,2% of the Rights Offer Shares);

* excess applications were received for 11 247 493 Rights Offer Shares (0,3% of the Rights Offer Shares) ("Excess Applications"); and

* 2 733 304 845 Rights Offer Shares (87,5% of the Rights Offer Shares) were allotted to the underwriter, HCI Invest6 Holdco (Pty) Ltd.,

resulting in the issued share capital of the company increasing from 645 657 477 Ordinary Shares and 561 233 077 N Shares to 645 657 477 Ordinary Shares and 3 686 233 077 N Shares.



Dematerialised Seardel Shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have their accounts at their CSDP or broker debited and updated with the Rights Offer Shares to which they are entitled, on Tuesday, 29 April 2014.



Certificated Seardel Shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have new share certificates in respect of the Rights Offer Shares to which they are entitled, posted to them at their own risk, on Tuesday, 29 April 2014.



The additional Rights Offer Shares that have been allotted in terms of Excess Applications will be issued against payment, on Friday, 2 May 2014.
02-Apr-2014
(Official Notice)
Shareholders are referred to the SENS announcement of 29 October 2013 regarding the disposal by Seardel of its clothing manufacturing business, and are advised that all of the condition precedents for the disposal have now been fulfilled.
28-Mar-2014
(Official Notice)
Shareholders are advised that Mr Yunis Shaik?s designation on the Seardel board of directors has changed from independent non-executive director to non-executive director, further to his appointment as an executive director of Hosken Consolidated Investments (HCI) as announced on SENS on 19 March 2014.



Audit Committee composition

As a result of the above, Mr Shaik has tendered his resignation as a member of Seardel?s audit committee, with immediate effect. A further announcement will be made with regard to the composition of the audit committee once this has been finalised.

28-Mar-2014
(Official Notice)
Seardel's financial year end is 31 March, and as such Seardel is entering into a closed period from Monday, 31 March 2014. Seardel shareholders are referred to the SENS announcement and circular, dated 24 February 2014, setting out the full details of the renounceable rights offer to Seardel shareholders ("Rights Offer") which opens on Monday, 7 April 2014. Due to the Rights Offer falling within a closed period, the directors, in terms of the JSE Listings Requirements, are required to make the decision to follow or sell their rights prior to the commencement of the closed period.



The directors have elected as follows:

* Mr S Queen will sell his rights in respect of all his Seardel shares;

* Mr G Wege will follow his rights in respect of 437 500 Seardel shares and will sell the balance of his rights;

* Mr D Duncan will follow his rights in respect of 937 500 Seardel shares and will sell the balance of his rights; and

* Mrs C Philip, the representative of the company secretary, will follow all her rights in respect of her Seardel shares.
25-Mar-2014
(Official Notice)
24-Feb-2014
(Official Notice)
21-Jan-2014
(Official Notice)
Holders of Seardel ordinary shares and Seardel N-ordinary shares (collectively "Seardel Shareholders") are hereby advised that all of the resolutions proposed at the general meeting of Seardel Shareholders held today, 21 January 2014, (in terms of the notice of the general meeting contained in the circular to Seardel Shareholders issued on Wednesday, 18 December 2013) were passed by the requisite majorities.
24-Dec-2013
(Official Notice)
18-Dec-2013
(Official Notice)
04-Dec-2013
(Official Notice)
At the general meeting of shareholders of Seardel held on Wednesday, 4 December 2013 (in terms of the notice of general meeting contained in the Circular to Shareholders issued on 5 November 2013), all of the resolutions were passed by the requisite majority of Seardel shareholders.
21-Nov-2013
(C)
Revenue for the interim period jumped 13.6% to R1.4 billion (R1.2 billion). Gross profit rose 22.8% to R313.2 million (R255.0 million). Operating profit before finance costs more than doubled to R55.5 million (R23.8 million). Total comprehensive income attributable to owners shot up to R28.1 million (R1.8 million). In addition, headline earnings per share from continuing operations multiplied to 4.1cps (0.3cps).
05-Nov-2013
(Official Notice)
29-Oct-2013
(Official Notice)
29-Oct-2013
(Official Notice)
Seardel accordingly advises that for the six months ended 30 September 2013 the Company expects its financial results to fall within the following ranges:

*Basic earnings per share (cents) -- 3.5 - 4.5 (2013); 0.3 (2012)

*Headline earnings per share (cents) -- 3.5 - 4.5 (2013); 0.1 (2012)



Shareholders are advised that the results for the six months ended 30 September 2013 will be released end-November 2013.
28-Oct-2013
(Official Notice)
At the annual general meeting of shareholders of Seardel held on Monday, 28 October 2013 (in terms of the notice of annual general meeting contained in the Company's 2013 Integrated Annual Report issued on 30 September 2013), all of the resolutions were passed by the requisite majority of Seardel shareholders.
17-Oct-2013
(Official Notice)
Shareholders are hereby advised that Mr Mohamed Ahmed, an independent non-executive director of the Company, has been appointed as the lead independent director with immediate effect.
10-Oct-2013
(Official Notice)
30-Sep-2013
(Official Notice)
Shareholders are advised that Seardel`s integrated annual report, incorporating the audited results for the year ended 31 March 2013, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 23 May 2013. KPMG Inc. audited the results and the annual financial statements of Seardel and their unqualified report are available for inspection at the registered offices of the Company.



Shareholders are advised that the integrated annual report for the year ended 31 March 2013 is available on the Company?s website (www.seardel.co.za). The annual report contains a notice of Annual General Meeting for Seardel shareholders, which will be held at the offices of Hosken Consolidated Investments Limited, Block B, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001 on Monday,28 October 2013 at 10:00.
19-Aug-2013
(Official Notice)
Shareholders were advised that Mr Neil Lazarus has resigned as a director of Seardel. Mr Lazarus served as the board's lead independent director and was a member of the audit, risk and remuneration committees.
08-Aug-2013
(Official Notice)
Holders of Seardel ordinary shares and Seardel N-ordinary shares were advised that all of the resolutions proposed at the general meeting of Seardel shareholders, the class meeting of Ordinary Shareholders and the class meeting of N-ordinary Shareholders held today, 8 August 2013 (in terms of the notices of general meetings contained in the circular to Seardel Shareholders issued on Wednesday, 10 July 2013) were passed by the requisite majorities.
10-Jul-2013
(Official Notice)
Seardel Shareholders were referred to the renewal of the cautionary announcement dated 1 July 2013, and were advised that as the pro forma financial effects in relation to the Sabido Acquisition have been disclosed in the earlier announcement, caution is no longer required to be exercised by Seardel Shareholders when dealing in Seardel Shares.
10-Jul-2013
(Official Notice)
01-Jul-2013
(Official Notice)
Seardel shareholders were referred to the joint announcement released on SENS by Hosken Consolidated Investments Ltd. ("HCI") and Seardel on Friday, 17 May 2013 and published in the press on Monday, 20 May 2013, regarding the acquisition from HCI of a 70% interest in HCI Invest 3 Holdco (Pty) Ltd. ("SPV"), which, following an internal restructuring within the HCI group, will hold a 63.9% interest in Sabido Investments (Pty() Ltd. ("Proposed Transaction").



Seardel shareholders were advised to continue exercising caution when dealing in Seardel securities until a further announcement incorporating the financial effects of the Proposed Transaction is released.
23-May-2013
(C)
Revenue for the year increased slightly to R2.513 billion (R2.507 billion) whilst operating profit decreased to R79.9 million (R179.0 million). Income attributable to equity holders took a knock to R40.9 million (R136.9 million). In addition, headline earnings per share slumped to 2.9cps (20.9cps).



Dividend

The directors have resolved not to declare a dividend for the year ended 31 March 2013 (Nil).
20-May-2013
(Official Notice)
Seardel and Hosken Consolidated Investments Ltd. ("HCI") have noted statements released in the press on Monday, 20 May 2013 relating to the cancellation of the transaction between HCI and Seardel. Neither HCI nor Seardel were contacted in respect of the press articles which are factually incorrect. The announcement released on SENS was amended and reloaded because of an incorrect flash headline. The transaction set out in the announcement released on SENS on Friday, 17 May 2013 and published in the press on Monday, 20 May 2013 has not been cancelled or withdrawn and will be implemented subject to the fulfilment of the conditions precedent as set out in the announcement.
17-May-2013
(Official Notice)
Seardel shareholders are informed that Mr David Duncan has been appointed as an executive director of the company with effect from 16 May 2013.
10-May-2013
(Official Notice)
Shareholders are referred to the litigation noted in the SENS announcement dated 13 October 2012 which stated that unless leave to appeal was obtained by the third parties in respect of such litigation, Erf 27412, Observatory, situate at the corner Main Road and Browning Road, Observatory, Cape Town would be transferred to a subsidiary of the Company.



Shareholders are advised that leave to appeal lodged by the third parties both in the Western Cape High Court and then in the Supreme Court of Appeal has been dismissed with costs. The Company has been advised that the third parties do not enjoy any further rights of appeal, and accordingly it will now take the necessary steps to effect transfer of the property.



Shareholders are also referred to the Trading Statement issued by the Company dated 29 April 2013, and are advised that this property which has a current estimated market value of R38,7 million will be noted as a post balance sheet event in the financial statements of the Company, is not included in the results for the year ended 31 March 2013.
29-Apr-2013
(Official Notice)
Seardel advises that for the year ended 31 March 2013 the company expects its financial results to fall within the following ranges:

*Basic earnings per share :2013: 4 - 8 cents (2012: 19.47 cents)

*Headline earnings per share : 2013: 2 - 6 cents (2012: 20.86 cents)



Shareholders are advised that the prior year basic earnings per share and prior year headline earnings per share included the once off effect of the settlement with former directors, details of which were published on SENS on the 16 March 2012. Seardel accordingly believes that the following adjusted basic earnings and adjusted headline earnings per share numbers which excludes the once-off effect of the settlement are more appropriate measurements on which to judge the underlying business performance:

*Basic earnings/(loss) per share: 2013: 4 -8 cents (2012: (7.79) cents)

*Headline earnings/(loss) per share : 2013: 2 -6 cents (2012: (6.40) cents)



The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. Shareholders are advised that the results for the year ended 31 March 2013 will be released mid-May 2013.

19-Nov-2012
(C)
Revenue was down by 0.7% to R1 199 million (R1 208 million) but gross profit rose by 11.3% to R255 million (R229 million). Operating profit before net finance costs fell by 6.8% to R23.8 million (R25.6 million), while profit attributable to ordinary equity holders was recorded at R1.8 million (R1.4 million). Moreover, headline earnings per share from continued operations decreased to 0.3cps (1.4cps).



Dividend

No dividend has been declared.



Prospects

The results for the six months ended 30 September 2012 represent good progress for the Group. Although headline earnings, at a break-even level, remained constant with the prior period, the following factors need to be considered:

*The Government incentives recognised during the period are R7 million below those recognised in the comparative period. Incentives are recognised based on the level of qualifying expenditure incurred during any particular period and we anticipate that for the full year, the total incentives will be in line with those recognised in the prior year;

*The prior period numbers include once-off income of some R14 million relating to property rates refunds; and

*Net interest costs are some R7 million greater than in the prior period due to the increased debt incurred relating to the property development ahead of the full benefit of increased rentals.



31-Oct-2012
(Official Notice)
*Shareholders were referred to the SENS announcement dated 16 March 2012 and the Circular to Shareholders dated 4 May 2012, wherein, inter alia, shareholders were advised that the transfer of one of the properties pursuant to the settlement, namely, remaining extent of Erf 27412, Observatory, situate at corner Main Road and Browning Road, Observatory, Cape Town and which has an estimated market value of R38.8 million, was subject to final resolution of separate litigation by and against unrelated third parties.

*The company is pleased to advise that judgment was delivered yesterday in the company's favour in relation to such separate litigation. Unless leave to appeal the judgment is obtained by the third parties, the property will be transferred to a subsidiary of the company.
29-Oct-2012
(Official Notice)
At the annual general meeting of shareholders of Seardel held on Monday, 29 October 2012 (in terms of the notice of annual general meeting contained in the Seardel integrated annual report issued on 28 September 2012), all of the resolutions were passed by the requisite majority of Seardel shareholders.
25-Oct-2012
(Official Notice)
Seardel advised that for the period ended 30 September 2012 the company expects its financial results to fall within the following ranges:



*Basic earnings per share between 0.2 - 0.4cps (2012) compared to 0.2cps (2011)

*Headline earnings per share between 0.0 - 0.2cps compared to 0.1cps (2011)



The company's interim results for the six months ended 30 September 2012 will be released on or about 16 November 2012.
28-Sep-2012
(Official Notice)
Shareholders are advised that Seardel`s integrated annual report, incorporating the audited results for the year ended 31 March 2012, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 17 May 2012. KPMG Inc. audited the results and the annual financial statements of Seardel and their unqualified reports are available for inspection at the registered offices of the company The annual report contains a notice of Annual General Meeting for Seardel shareholders, which will be held at the offices of Hosken Consolidated Investments Ltd, B Block, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001 on Monday, 29 October 2012 at 10:00.
04-Jun-2012
(Official Notice)
At the general meeting of shareholders of Seardel held on Monday, 4 June 2012 (in terms of the notice of general meeting contained in the circular to Seardel shareholders issued on 4 May 2012), all of the resolutions were passed by the requisite majority of Seardel shareholders.
17-May-2012
(C)
Revenue for the final period ended 31 March 2012 increased to R2.5 billion (2011: R2.4 billion). Gross profit fell to R483.8 million (2011: R536.4 million), while income attributable to equity holders of the parent skyrocketed to R136.9 million (2011: R8.6 million). Furthermore, headline earnings per share turned around to 20.9cps (2011: loss of 3.5cps).



Dividends

The directors have resolved not to declare a dividend for the year ended 31 March 2012.
04-May-2012
(Official Notice)
Following the announcement dated 16 March 2012 regarding the company and various of its subsidiary companies, including Seardel Group Trading (Pty) Ltd. ("SGT"), having settled various litigation proceedings and claims against former directors and officers of Seardel and entities controlled by those persons ("the settlement"), shareholders are advised that the company has posted a circular to shareholders today relating to the approval required for the share repurchase, which forms part of the settlement. Notice was given that the general meeting of the company will be held at 14:30 on Monday, 4 June 2012, at the registered offices of Seardel, 1 Moorsom Avenue, Epping Industria 2, 7460 Cape Town, to transact business as stated in the notice of the general meeting.
02-May-2012
(Official Notice)
Seardel advised that for the year ended 31 March 2012 the company expects its financial results to fall within the following ranges:

*Basic earnings per share is expected to rise to between 17c and 21c (1.22cps)

*Headline earnings is expected to be between 18c and 22c (loss of 3.52cps).



Shareholders are advised that the expected basic earnings per share and headline earnings per share reflected above, include the once off effect of the settlement with former directors, details of which were published on SENS on the 16 March 2012. As a result Seardel intends publishing adjusted basic earnings of a loss of between 6cps and 9cps (earnings of 1.22cps) and an adjusted headline loss per share of between 5c and 8c (loss of 3.52cps) which exclude the once-off effect of the settlement.
26-Mar-2012
(Official Notice)
Following the announcement dated 16 March 2012 relating to the settlement of litigation with former directors and officers, shareholders are advised that the cautionary announcement is now withdrawn. Shareholders are accordingly no longer required to exercise caution when dealing in their Seardel shares.
16-Mar-2012
(Official Notice)
16-Mar-2012
(Official Notice)
Shareholders are advised that, as a result of the company having settled the litigation with former directors as detailed in the SENS announcement published today ("Settlement of Litigation with Former Directors and Officers"), the financial results of the company for the year ended 31 March 2012 will reflect an increase of earnings per share and headline earnings per share of at least 20% from the financial results for the previous financial year. More accurate information will be provided when the company has greater certainty on its results for the year ending 31 March 2012. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
17-Feb-2012
(Official Notice)
Shareholders are advised that the company has entered into negotiations which,

if successfully concluded, may have a material effect on the price of the

company's securities. Accordingly, shareholders are advised to exercise caution

when dealing in the company's securities until a further announcement is made.

17-Nov-2011
(C)
Revenue rose by 2.6% to R1 208 million (R1 177 million) but gross profit fell by 17.8% to R229 million (R279 million). Operating profit before net finance costs was up by 55.2% to R26 million (R16 million), while profit attributable to ordinary equity holders was recorded at R1 million (loss of R71 million). Moreover, headline earnings per share from continued operations improved by 180% to 1.4cps (0.5cps).



Dividend

No dividend has been declared



Outlook

Despite the difficult trading conditions experienced in the period under review, most of the Group's business segments made good progress with operating profit growth being shown in the Textiles, Property as well as the Toys, Stationery - Electronics segments. However, the good work done in these areas was blighted by the very disappointing performance of the Clothing Segment which saw its operating loss worsen significantly in the current period.
11-Nov-2011
(Official Notice)
Nazeema Teladia has resigned as a director of Seardel and member of the audit committee. Shareholders are further advised that independent non-executive director Yunis Shaik has been appointed as a member of the audit committee. These changes are immediately effective.
04-Nov-2011
(Media Comment)
The Financial Mail reported that arbitration of a R300 million legal claim by Seardel against former directors, including late the late CEO and founder, Aaaron Searll, could be completed in early 2012. Chairman, Johnny Copelyn, told shareholders at Seardel's AGM that the arbitration was awaiting judgement on whether banks or the company should ultimately be suing former directors. Copelyn said the resolution will decide if the arbitration goes ahead or is dismissed. If the arbitration is dismissed, Seardel will rely on court proceedings to secure the R300 million claim.
24-Oct-2011
(Official Notice)
Seardel advised that for the six months ended 30 September 2011 the company expects its financial results to fall within the following ranges:

2011 - 2010

* Attributable profit / (loss) per share 0.0 - 2.0 - (10.1)

* Headline profit / (loss) per share 0.0 - 2.0 - (11.3).
24-Oct-2011
(Official Notice)
At the annual general meeting of shareholders of Seardel held on Monday, 24 October 2011 (in terms of the notice of annual general meeting contained in the Seardel annual report issued on 26 September 2011), all of the resolutions were passed by the requisite majority of Seardel shareholders.
26-Sep-2011
(Official Notice)
Shareholders were advised that Seardel's annual report, incorporating the audited results for the year ended 31 March 2011, was dispatched on 26 September 2011 and contains no changes from the reviewed results which were published on SENS on 20 May 2011. The annual report contains a notice of annual general meeting for Seardel members, which will be held at the offices of Hosken Consolidated Investments Ltd, B Block, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001 on Monday, 24 October 2011 at 10:00.
25-May-2011
(Official Notice)
Shareholders are referred to the results announcement released on SENS on 23 May 2011 and are advised that the auditors unqualified review report is available for inspection at the registered office Group.
20-May-2011
(C)
Revenue increased slightly to R2.4 billion (R2.2 billion) but gross profit fell marginally to R565.7 million (R565.9 million). Operating profit before finance costs grew to R114 million (R66.9 million) and net income for the year attributable to ordinary equity holders tuned around to R8.6 million (loss of R203.4 million). Furthermore, headline earnings per share from continuing operations improved to 10.9cps (6.0cps).



Dividend

The directors have resolved not to declare a dividend for the year ended 31 March 2011.

28-Apr-2011
(Official Notice)
Seardel advised that for the year ended 31 March 2011 the group expects its financial results to fall within the following ranges:

2011 - 2010:

* Attributable profit/(loss) per share : 0.0 - 5.0 - (28.96)

* Headline loss per share : 0.0 - (5.0) - (22.19)

The audited results for the year ended 31 March 2011 are expected to be released on SENS on 31 May 2011.
04-Apr-2011
(Official Notice)
Mr Anthony Dixon-Seager has retired from the board of directors of Seardel with effect from 31 March 2011, as per the announcement released on SENS on 3 November 2010.
19 Nov 2010 11:23:05
(C)
Revenue from continuing operations was up 10% to R1.2 billion (R1.1 billion) and gross profit rose to R299.2 million (R242.4 million). Profit for the period from continuing operations was recorded at R2.5 million (loss of R10.2 million), while headline loss per share lessened to 11.3cps (loss of 23.4cps).



Dividend

No dividend was declared for the period under review



Prospects

The seasonality of the Group's results mean that all other things being equal, the second half of the financial year is typically stronger than the first. However, the continued rand strength and the volatile cotton prices will have an influence on the second half. World cotton prices have more than doubled since the start of the year and are now at record levels. The introduction of the Production Incentive scheme is welcomed and the Group stands to benefit from this scheme in the second half of the year. The benefit that will accrue to the Group is not insignificant but is dependent on the Group incurring qualifying expenditure and so cannot be reliably estimated at this point.
03 Nov 2010 15:45:23
(Official Notice)
Mr Anthony Dixon-Seager will retire from the board of directors of Seardel with effect from 31 March 2011.
03 Nov 2010 10:50:17
(Official Notice)
Shareholders were advised that Mr Neil Lazarus has been appointed as lead independent non-executive director with immediate effect. Mr Lazarus was appointed to the board of Seardel as a non-executive director in October 2001.
25 Oct 2010 16:40:41
(Official Notice)
Seardel advised that for the six months ended 30 September 2010 the company expects its financial results to fall within the following ranges:

*Attributable loss per share for 2010 to be between 8.3c and 10.9c (loss of 31.5cps)

*Headline earnings per share from continuing operations to be between 0c and 0.4cps (loss of 0.2cps).
25 Oct 2010 15:17:39
(Official Notice)
At the annual general meeting of shareholders of Seardel held on Monday, 25 October 2010 (in terms of the notice of annual general meeting contained in the Seardel annual report issued on 30 September 2010), all of the resolutions were passed by the requisite majority of Seardel shareholders.
30 Sep 2010 17:26:17
(Official Notice)
Shareholders are advised that Seardel's annual report, incorporating the audited results for the year ended 31 March 2010, was dispatched today and contains no changes from the audited results which were published on SENS on 20 May 2010. The annual report contains a notice of Annual General Meeting for Seardel members, which will be held at the offices of Hosken Consolidated Investments Ltd, B Block, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001 on Monday, 25 October 2010 at 10:00.
20 May 2010 15:40:12
(C)
Revenue increased from R2.2 billion to R2.6 billion in 2010.Gross profit increased to R612.3 million (2009:R430.2 million) and operating profit increased to R37.9 million (2009:Loss:R117.3 million). Loss attributable to ordinary shareholders decreased to R203.5 million (R279.3 million). Headline loss on a per share basis decreased to 22.20cps (45.60cps).



Dividends per share

A final dividend was declared for the period under review.



Prospects

The group have made good progress with our turnaround initiatives. The group believes that the business has come through its crises stage and large parts of the business are standing on far more solid foundations than was the case 17 months ago. The group has significantly reduced the fixed cost base of most of our businesses, reduced gearing, improved efficiencies and released additional capacity. The group has continued to invest in the businesses where justified and have spent over R50 million on new plant and equipment. The group has also made progress in adding a property leg to the business which, when completed, will lend some stability to future earnings. Although much work is still required before the group will be satisfied with the operations, the group believes that the business is well positioned to take advantage of any improvements in the economy. The group remains committed to saving as many local jobs as commercially possible as the group believes that the current unemployment levels in the country are simply unsustainable. Any local business with a long-term vision needs to have job creation as one of its core focus areas - the consequence of not doing so does not bear contemplation. However, at the risk of stating the obvious, the other side of the coin is that salary and wage demands have to be realistic and commensurate with output.
06 May 2010 17:10:51
(Official Notice)
Seardel accordingly advises that for the year ended 31 March 2010 the company expects a lower headline loss per share of between 25-33cps, compared to a prior comparative loss of 63cps. Note that the financial results for the previous corresponding period are the company's financial results for the nine months ended 31 March 2009 (the company having, on 8 December 2008, changed its year end from 30 June to 31 March to coincide with that of its majority shareholder Hosken Consolidated Investments Ltd). Further details will be contained in the groups' results which are expected to be published on SENS by 31 May 2010.
03 Dec 2009 17:05:25
(Official Notice)
Shareholders are advised that Mr Simeoni has retired from the board with effect from 30 November 2009, and Mr Queen is appointed as group chief executive officer with effect from 1 December 2009.

05 Nov 2009 17:06:21
(C)
Revenue decreased to R1.3 billion (R1.7 billion). Gross profit declined to R266 million (R315.8 million). The loss for the period widened to R221.6 million (loss of R188.5 million). However, the headline loss narrowed to 23.4cps (loss of 53.3cps).



Outlook

Although significant challenges still need to be overcome, both within Seardel and within the industry in general, we remain optimistic that a turnaround can be achieved. Seardel is pleased with the operational progress made to date and although the benefits of these actions are yet to reflect in the numbers, we do foresee improved results for the six months to 31 March 2010. However, the rand strength is of significant concern as it has the effect of reducing the cost of imported product thereby rendering the local industry uncompetitive. Furthermore, the anticipated increases in electricity charges will also play a role in determining the viability of the local industry as the import threat will ensure that these cost increases will not be able to be passed on to the customer. Liquidity is usually the factor that determines whether a turnaround will be successful or not. On this score we have implemented strict working capital controls and these together with the closure of the affected divisions has resulted in working capital levels reducing by some R248 million in the six months to September 2009. This has given us some space within which to work.
29 Oct 2009 11:44:20
(Official Notice)
At the annual general meeting of shareholders of Seardel held on Thursday, 29 October 2009 (in terms of the notice of annual general meeting contained in the Seardel annual report issued on 29 September 2009), all of the resolutions were passed by the requisite majority of Seardel shareholders.
26 Oct 2009 12:36:51
(Official Notice)
Seardel shareholders are advised that the previous reported loss per share of Seardel for the 6 months ended 31 December 2008 was 58 cps and for the 6 months ended 30 September 2009 the loss per share is expected to be between 30 cps and 32 cps. The reported headline loss per share for the previous interim period was 53 cps and for the current interim period the headline loss per share is expected to be between 22 cps and 24 cps.



As per the announcement published on SENS on 8 December 2008, Seardel changed its year-end from 30 June to 31 March to align its financial year end with that of its majority shareholder Hosken Consolidated Investment Ltd. The results for the previous interim period are the group's results for the 6 months ended 31 December 2008. Shareholders are further advised that the loss per share and headline loss per share for the current interim period have been calculated on a weighted average number of ordinary and "N" ordinary shares in issue of 702.9 million as opposed to the 316.2 million ordinary and "N" ordinary shares used for the previous interim period. This is as a result of an additional 613 million Seardel ordinary shares being issued during the previous interim period pursuant to a rights offer to shareholders.



On the 9 April 2009 the group announced on SENS that it had embarked upon the process of restructuring the group which included the closure of the Vertical Pipeline Divisions of Frame Textiles. If the discontinued operations of the Frame Vertical Pipeline are removed from the results of the current interim period, the continuing operations is expected to reflect a loss per share of between 6 cps and 8 cps and a headline loss per share of between 5 cps and 7 cps.



Further details will be contained in the group's interim results which are expected to be published on SENS by the 6 November 2009.
29 Sep 2009 18:01:10
(Official Notice)
Shareholders are advised that Seardel's annual report, incorporating the audited results for the 9 month period ended 31 March 2009, was dispatched today and contains no changes from the audited results which were published on SENS on 15 May 2009.



The annual report contains a notice of annual general meeting for Seardel members, which will be held at 1 Moorsom Avenue, corner Bofors Circle and Moorsom Avenue, Epping Industria 2, 7460 on Thursday, 29 October 2009 at 10:00.
25 Aug 2009 17:04:52
(Official Notice)
The board of directors of Seardel is pleased to announce the following appointments to the directorate with immediate effect:

* Ms Nazeema Teladia - Ms Rachel Watson have been appointed as non-executive directors; and

* Mr Gys Wege has been appointed as financial director.

The board welcomes the appointments and look forward to their valuable input.
26 May 2009 15:39:25
(Official Notice)
Seardel is continuing discussions with interested parties with a view to closing the affected divisions. At this point, the proposed rescue plan is dependent on potential investors being willing to provide the necessary capital to facilitate a re-opening of some or all of these divisions. Discussions with potential investors are on-going. Seardel is committed to trying to find a workable solution and has expressed a willingness to participate in the rescue plan. However, the interests of all the stakeholders will be considered before any final decisions are made in this regard.
20 May 2009 10:21:11
(Media Comment)
Trade and Industry Minister Rob Davies and Economic Development Minister Ebrahim Patel have met with union representatives to discuss a multimillion-rand bailout of Seardel's Frame unit. If the bailout goes ahead it could save 1 400 jobs. According to Business Report, should the deal go ahead, it will be South Africa's first bailout of a private company using state resources.
15 May 2009 18:09:56
(C)
Revenue decreased from R3.86 billion to R2.88 billion. The group reported a headline loss of 45.6cps (loss of 111.0cps). The directors have resolved not to declare a dividend for the 9 month period ended 31 March 2009.



Outlook

It is recognised that there are no quick fixes to a group of this size and that losses are anticipated until the benefits of turnaround come to fruition. Indeed, given the estimated R165 million of costs relating to the closure of the Spinning, Weaving, Finishing and Denim divisions, the group will almost certainly record a further loss for the 12 months to 31 March 2010. A significant amount of work is still required to be done to effect a turnaround and management remain pragmatic in its views of the industry and the current economic climate. However, the board is pleased with the progress made to date and remain optimistic that a turnaround will be achieved. Turnarounds often fail because management does not have sufficient time to implement all the required strategies due to a lack of liquidity. In Seardel's case, the cash raised on the rights issue as well as the work that has been done to better control working capital means that the group is currently well within its facility limits. Furthermore, the proposed closure of the specific textile divisions is predicted to release R250 million of cash to the group, albeit over an extended period. There are also still improvements than can be made to the working capital cycles. Although the cash utilisation will build up towards the Christmas period, projections show that the group should remain well within its facility limits.
08 May 2009 17:16:59
(Official Notice)
Seardel accordingly advises that for the 9 month period ended 31 March 2009 the company expects its headline loss to be between R190 million and R210 million and the attributable loss to be between R270 million and R295 million. The headline loss per share is expected to be between 43c and 48c and the attributable loss per share to be between 61c and 67c. This would translate to an increase in headline loss of between 92% and 112%, and an increase in attributable loss of between 51% and 66% to the previous corresponding period. However, as per the announcement published on SENS on 8 December 2008, Seardel changed its year end from 30 June to 31 March to align its financial year end with that of its majority shareholder being Hosken Consolidated Investment Ltd. Accordingly, the results for the previous corresponding period are the company's results for the year ended 30 June 2008. Shareholders are further advised that the headline loss per share and attributable loss per share have been calculated on an increased number of Seardel ordinary shares in issue compared to the previous corresponding period. This resulted from an additional 613 057 249 Seardel ordinary shares being issued during the 9 month period ended 31 March 2009 pursuant to a rights offer. A contributing factor to the results to 31 March 2009 were the poor trading results from the Textile Division's vertical pipeline being spinning, weaving, finishing and denim divisions. Shareholders are referred to the announcement regarding the proposed closure of these divisions released on SENS on 9 April 2009. Other factors contributing to the losses were retrenchment and relocation costs incurred as part of the group's turnaround plan, impairments to plant and equipment and inventory obsolescence provisions and write offs. Further details will be contained in the groups' results which are expected to be published on SENS by 18 May 2009. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
09 Apr 2009 10:41:59
(Official Notice)
26 Mar 2009 17:19:20
(C)
Revenue increased by 1.1% from R2 030 159 million to R2 052 097 million in 2008. Gross profit decreased to R297 026 million (2007:R414 309 million) and operating profit decreased to -R128 854 million (2007:R42 171 million). Profit attributable to ordinary shareholders decreased to -R183 450 million (R3 785 million). Headline earnings on a per share basis decreased to -53.3cps (4.0cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

Significant challenges need to be overcome to return the group to profitability and we remain pragmatic in our assessment and approach to the issues. However, the company is optimistic that a turnaround can be achieved.
03 Mar 2009 16:31:23
(Official Notice)
Shareholders are advised of the following changes in roles of Seardel's management:

*Mr Walter Simeoni is due to retire as group chief executive officer with effect from November 2009. His textile knowledge will not be lost to the group after his retirement as he has agreed to assist the group post his retirement should the need arise.

*As part of Seardel's succession planning, Mr Stuart Queen, currently group chief financial officer, has been appointed as the group chief executive officer (designate). The company is expected to announce a new chief financial officer in due course but in the interim, Mr Queen will retain his chief financial officer responsibilities.

*Mr Anthony Dixon-Seager, the current chief executive officer-clothing will become the group's chief operating officer.
06 Feb 2009 17:20:17
(Official Notice)
Seardel advises that for the 6 month period ended 31 December 2008 the company expects its headline loss to be between R145 million and R170 million and the attributable loss to be between R155 million and R185 million. The headline loss per share is expected to be between 46 cents and 54 cents and the attributable loss per share to be between 49 cents and 59 cents.
28 Jan 2009 16:08:39
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders of Seardel held on Wednesday, 28 January 2009 (in terms of the notice of annual general meeting contained in the Seardel annual report issued on 29 December 2008) all of the resolutions were passed by the requisite majority of Seardel shareholders.
29 Dec 2008 11:03:24
(Official Notice)
Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 30 June 2008, was dispatched today and contains no material changes to the information contained in the reviewed provisional financial statements which were announced on SENS on 29 September 2008.

The annual report contains a notice of annual general meeting for Seardel, which will be held at 1 Moorsom Avenue, cnr Bofors Circle - Moorsom Avenue, Epping Industria II, Cape Town, 7460 at 10h00 on Wednesday, 28 January 2009.
08 Dec 2008 17:28:05
(Official Notice)
Shareholders of Seardel are advised that the company has made application to the Registrar of Companies in South Africa to change its registered physical address to 1 Moorsom Avenue, corner Bofors Circle and Moorsom Avenue, Epping Industria II, 7460, Cape Town and registered postal address to PO Box 524, Eppindust, 7475, Cape Town (with effect from 1 November 2008) and its financial year-end from 30 June to 31 March. The reason for the change in year-end is to align the financial year-end of Seardel with the financial year-end of its majority shareholder being Hosken Consolidated Investments Ltd. Shareholders are further advised that, with effect from 8 December 2008, the name of the company secretary will be changed to HCI Managerial Services (Pty) Ltd.
27 Oct 2008 15:47:21
(Official Notice)
Shareholders are referred to the rights offer to Seardel ordinary and "N" ordinary shareholders which closed on Friday, 24 October 2008. The directors are pleased to advise that shareholders and their renouncees (excluding HCI) applied for 115 453 438 new Seardel ordinary shares, equivalent to 18.83% of the rights offer shares. HCI, being one of the underwriters of the rights offer, will take up 497 603 811 of the remaining rights offer shares. This will result in HCI holding some 70.6% of the total issued share capital of the company. The accounts of dematerialised shareholders will be debited and updated by their CSDP/broker on Monday, 27 October 2008 and certificated shareholders will have certificates posted to them on or about Wednesday, 29 October 2008.
17 Oct 2008 17:12:13
(Official Notice)
Shareholders are referred to the provisional financial statements announcement released on SENS on 29 September 2008 and the changes to board of directors announcement released on SENS on 9 October 2008, and are advised of the following new appointments to the board:

* Yunis Shaik has been appointed as a non-executive director;

* Amon Malencane Ntuli has been appointed as an executive director;

* Kevin Govender has been appointed as a non-executive director; and

* Mohamed Ahmed has been appointed as a non-executive director.

Shareholders are further advised that:

* Dr Aaron Searll will resign from the board;

* Michael Jacobson and Russell Upton will resign as non-executive directors; and

* non-executive director John Copelyn will take over from Aaron Searll as non-executive chairman of Seardel.

The above changes are all effective immediately.
09 Oct 2008 09:57:39
(Official Notice)
Shareholders are referred to the provisional financial statements announcement released on SENS on 29 September 2008, and are advised of the following changes to the board:

*Michael Jacobson has been appointed as a non-executive director;

*Anthony Dixon-Seager has been appointed as an executive director;

*Stuart Queen has been appointed as executive director and chief financial officer; and

*Arthur Jacobson has retired as an executive director.

The above changes are all with effect from 7 October 2008.
29 Sep 2008 17:21:30
(C)
Revenue increased marginally by 2% to R3.9 billion (R3.8 billion). Attributable losses amounted to R178.8 million from a R50.8 million profit in the previous year. No dividend was declared.



Prospects

In an attempt to return the group to profitability, the board is in the process of implementing a turnaround plan, the main thrusts of which will be:

*A group reorganisation which will reduce costs and promote better cooperation between divisions;

*A focus on reducing working capital levels; and

*Improved production efficiencies.

There has been strong emphasis on working capital management, which has already resulted in an improvement in this ratio and which is expected to continue, notwithstanding the uncertainty of market conditions and economic trends.
25 Sep 2008 15:49:09
(Official Notice)
Shareholders are referred to the trading statements and cautionary announcements dated 27 June 2008, 11 August 2008 and 5 September in which shareholders were advised that Seardel had incurred substantial trading losses but that the company was not in a position to give the specific guidance required by the JSE Listings Requirement for a trading statement. Seardel is now in a position to advise that it expects the loss per share and headline loss per share for the year ended 30 June 2008 to be 198.6c and 111.0c respectively, as compared to the earnings per share and headline earnings per share for the year ended 30 June 2007 of 55.8c and 22.7c respectively. Accordingly the cautionary announcements are hereby withdrawn. The information on which the above trading statement is based has been reviewed by the company's auditors and the provisional results for the year ended 30 June 2008 are expected to be released on SENS on Monday, 29 September 2008.
17 Sep 2008 16:05:33
(Official Notice)
Shareholders are referred to the announcements dated 25 June 2008, 24 July 2008 and 11 September 2008 detailing the Seardel rights offer ("the rights offer") and are advised that all conditions precedent to the rights offer have now been fulfilled and the rights offer will be implemented in accordance with the timetable detailed in the SENS announcement released on 11 September 2008.
11 Sep 2008 17:27:36
(Official Notice)
Shareholders were advised by way of a SENS announcement on 25 June 2008 and 24 July 2008 that the board of directors of Seardel had resolved, subject to certain conditions, to undertake a rights offer to Seardel ordinary and "N" ordinary shareholders in order to raise R300 million. The underwriting commitments have subsequently been amended so that HCI and Grawood have agreed to underwrite the rights offer as to R250 million and R50 million, respectively. HCI will underwrite the first 500 million rights offer shares (or R250 million) and Grawood will underwrite the next 100 million rights offer shares (or R50 million). In consideration for agreeing to underwrite the rights offer, HCI shall be entitled to an underwriting fee equivalent to 2% of its underwriting commitment and Grawood shall be entitled to receive an underwriting fee equivalent to 1% of its underwriting commitment.



On Monday, 6 October 2008, a circular containing full details of the rights offer, letters of allocation and other such documents will be posted to shareholders who are registered as such on the initial record date being Friday, 3 October 2008.
05 Sep 2008 16:53:10
(Official Notice)
Shareholders are referred to the trading statements and cautionary announcements dated 27 June 2008 and 11 August 2008 in which shareholders were advised that Seardel had incurred substantial trading losses of at least R100 million in the 12 month period ending 30 June 2008 after providing for retrenchment and restructure costs of approximately R40 million. Shareholders are advised that in addition to the trading losses stated above, the company has decided to derecognise the deferred tax asset and impair specific fixed assets, as a result of which a further loss of R120 million will be incurred. Shareholders are accordingly advised that the company?s financial results for the 12 month period ending 30 June 2008 will reflect a loss of at least R220 million (244 cents per share).
15 Aug 2008 15:42:20
(Official Notice)
A general meeting of shareholders of Seardel was held today on Friday, 15 August 2008 to consider resolutions relating to the increase in the authorised share capital of the company and waiver of a mandatory offer by Hosken Consolidated Investments Ltd to Seardel shareholders, details of which are more fully contained in the circular to shareholders issued on 23 July 2008. At the general meeting, all of the resolutions proposed were passed by the requisite majority of Seardel shareholders.
11 Aug 2008 09:37:55
(Official Notice)
Shareholders are referred to the trading statement and cautionary announcement dated 27 June 2008 in which shareholders were advised that Seardel had incurred substantial trading losses in the 12 month period ending 30 June 2008 after providing for retrenchment and restructure costs. The company is still not in a position to give the specific guidance required by the JSE Listings Requirement for a trading statement. Accordingly shareholders are advised to continue to exercise caution when trading in Seardel shares until a further announcement is made.
24 Jul 2008 16:54:06
(Official Notice)
Shareholders are referred to the announcement dated 25 June 2008 detailing the proposed Seardel rights offer and are advised that Seardel posted a circular to shareholders on Thursday 24 July 2008 relating to:

*an increase in the authorised share capital of the company; and

*the waiver of a mandatory offer by Hosken Consolidated Investments Ltd ("HCI") to Seardel shareholders, both of which are conditions precedent to the rights offer.

The circular includes a notice of a general meeting to be held at Seardel's offices on Friday 15 August 2008 at which Seardel shareholders will be asked to consider and, if deemed fit, approve the resolutions necessary to give effect to the transactions.



As a consequence of underwriting the rights offer and depending upon the extent to which shareholders follow their rights, HCI will, if the rights offer goes ahead, be issued ordinary shares representing between 46% and 76% of the votes able to be cast at a general meeting of Seardel shareholders. This would constitute an affected transaction in terms of the SRP code and, unless this requirement is dispensed with in terms of rule 8.7 of the SRP code, would require HCI to make a mandatory offer to all shareholders at a price of 50cps. The SRP has advised that it is willing to consider an application to grant dispensation to HCI from the obligation to make a mandatory offer if Seardel shareholders, who are independent from HCI, waive their right to require HCI to make a mandatory offer and subject to the SRP considering representations (if any) made by parties. Any interested party who wishes to object to the dispensation shall have seven calendar days from the date of the posting of the circular to raise such an objection with the SRP.
27 Jun 2008 15:22:29
(Official Notice)
Shareholders are advised that Seardel has incurred substantial trading losses in the 12 month period ending 30 June 2008 and its financial results for the period will reflect a loss of at least R100 million (111cps). This is after providing for retrenchment and restructure costs of approximately R40 million. The company is not yet in a position to give the specific guidance required by the JSE Listings Requirement for a trading statement. Accordingly shareholders are advised to exercise caution when trading in Seardel shares until a further announcement is made. As announced on 25 June 2008 the company is embarking on a partially underwritten rights offer to raise additional capital.
25 Jun 2008 09:20:02
(Official Notice)
20 Jun 2008 11:06:48
(Official Notice)
Shareholders are advised that with effect from 1 July 2008 Dr Aaron Searll has stepped down from his position as chief executive officer of Seardel and will be appointed as non-executive chairman. Mr Walter Simeoni (currently managing director of Frame Textile Group) will become Seardel's chief executive officer and Mr Neil Lazarus (currently non-executive chairman) will become deputy non- executive chairman of Seardel.
10 Mar 2008 09:30:26
(Media Comment)
According to Business Report, Seardel is the target of speculation on a possible asset-stripping exercise, after its latest results continued to highlight the gap between its share price of R4.50 a share and its reported net asset value of R17.00 per share. However, non-executive director Johnny Copelyn, who represents the Southern African Clothing and Textile Workers' Union on Seardel's board, is opposed to any possible asset-stripping exercises, and dismissed any talk of it.
04 Mar 2008 16:39:00
(C)
Revenue increased by a marginal 1.3% to R2.03 billion. Operating profit amounted to R42.2 million (R68 million), a decrease of 37.9%. Pre-tax profit amounted to R1.2 million (R42.4 million), a decrease of 97.1%. Attributable earnings to shareholders amounted to R3.8 million (R34.4 million), a decrease of 89%. The strength of the balance sheet has been enhanced. Share capital and reserves now amount to R1.5 billion compared to R1.38 billion last year. Tangible net asset value per share is 1698c based on 90.1 million shares (1520c per share based on 90.7 million shares). Earnings per share amounted to 4.2c (37.6c), a decrease of 88.8%. Headline earnings per share amounted to 4.0 cents (31.1 cents), a decrease of 87.1%.



Outlook

Due to the problems encountered by ESKOM the South African economy is now only expected to increase by about 3.5% during the next six months. This slow growth rate is expected to continue over the next few years until such time as power generating capacity is increased to meet anticipated demand. Order books are satisfactory at this stage, but margins remain under pressure. The group will continue to cut costs wherever possible and to restructure manufacturing operations, especially in the textile sector. A number of Frame Textile Group's employees, being a part of the vertical pipeline, will, in accordance with an agreement with the South African Clothing - Textile Workers Union, be subject to new baseline employment conditions. This will necessitate a one off cost of approximately R32 million, which will have a negative impact on the second half results of the 2008 financial year. However this initiative, supported by appropriate capital investments, will ensure that the company's conversion costs can beat inflationary pressures and show a positive financial performance in the 2009 financial year. The group also has further plans to stay ahead of the ever changing dynamics within the textile value chain. In the medium term, the quantum of imports may slow down due to the weakening of the Rand.
18 Feb 2008 11:01:25
(Official Notice)
Seardel will shortly be finalising its results in respect of the half-year ended 31 December 2007. Shareholders are advised that at this stage it is anticipated that earnings per share and headline earnings per share will be lower by between 80% and 90% when compared to the same period last year. The interim report to shareholders will be released before the end of March 2008.
03 Mar 2006 10:57:03
(C)
Revenue reduced by 6% to R1 922 million (R2 046 million), due to the substantial imports of apparel and textiles from China having increased by 40% and 36.7% respectively. However, China has agreed to a voluntary cut-back of goods to South Africa, negotiated by the Department of Trade - Industry. Apparel exports, due to the strength of the rand, have declined during the six month period under review by 35% to R57 million compared to last year. Pre-tax profit increased marginally to R51.7 million (R50.9 million), an increase of 1.5%. This reflects the reduction in finance costs due to the decrease in interest-bearing debt of R123 million compared to last year. Earnings attributable to shareholders increased by 11.3% to R45.8 million (R41.1 million). Earnings per share increased to 39.9c (32.5c), an increase of 22.8%. Headline earnings per share increased to 36.8c (32.5c), an increase of 13.2%.



Prospects to June 06

Until such time as the government, through the Department of Trade - Industry, announces details of the restrictions on imports of Chinese clothing and textiles, it is difficult to make a meaningful forecast for the next six months. Matters have not been made any easier by the recent spate of power failures in the Western Cape, which have played havoc with factory planning schedules. On the positive side, the fiscal budget is expansionary. The economy is estimated to increase by 5%-6%.
23 Feb 2006 11:01:40
(Official Notice)
Seardel is currently finalising its results in respect of the six months ended 31 December 2005. At this stage it is anticipated that Seardel's headline earnings per share would be between 10% and 15% higher, and its earnings per share between 20% and 25% higher, than the headline earnings and earnings per share for the six months ended 31 December 2004. It is anticipated that the interim results for the six months ended 31 December 2005 would be released during the second week of March 2006.
12 Jan 2006 16:39:52
(Official Notice)
Shareholders are referred to the previous announcements and the circular to shareholders dated 15 December 2005 in relation to the repurchase by Seardel of 1 619 419 of its ordinary shares and 20 706 993 of its "N" ordinary shares from Daun - Cie AG. At the general meeting of Seardel held on 12 January 2006, the relevant special resolutions required to give effect to the transaction were unanimously passed by the requisite majority of shareholders. The special resolutions in respect of the transaction will be lodged with the Registrar of Companies for registration on Friday, 13 January 2006.
20 Dec 2005 11:55:49
(Official Notice)
Seardel Group Trading (Pty) Ltd, a wholly-owned subsidiary of Seardel, has agreed to sell a residential property located in Plettenberg Bay to the A Searll Descendants Trust. The total purchase consideration for the property is R15 600 000 (which together with VAT equates to R17 784 000), which will be settled in cash by the purchaser on the transfer date. The disposal is in line with Seardel's previously disclosed strategy to dispose of its non-core properties. The sale proceeds will be utilised to discharge debt. The disposal will not have a material effect on the historical earnings per share, headline earnings per share, net asset value per share and tangible net asset value per share in respect of Seardel shares.



Withdrawal of cautionary

Shareholders are no longer required to exercise caution in their dealings in Seardel shares.
15 Dec 2005 13:17:35
(Official Notice)
Shareholders are referred to the announcement on SENS on 7 November 2005 and in the press on 8 November 2005 in relation to the repurchase by Seardel of 1 619 419 of it ordinary shares and 20 706 993 of its "N" ordinary shares from Daun - Cie AG.



The salient dates and times of the transaction are set out below:

*General meeting of Seardel shareholders at 11:00 on Thursday, 12 January 2006

*Results of general meeting published on SENS Thursday, 12 January 2006

*Seardel ordinary shares and Seardel "N" ordinary shares to be repurchased on or about Monday, 16 January 2006

*Seardel ordinary shares and Seardel "N" ordinary shares to be de-listed on or about Tuesday, 17 January 2006

07 Nov 2005 16:50:41
(Official Notice)
Seardel has agreed, subject to conditions, to repurchase 1 619 419 Seardel ordinary shares and 20 706 993 Seardel N ordinary shares from Daun - Cie AG. The purchase consideration for the Seardel shares is R4.50 per share, which is at a:

* 0.02% discount to the volume weighted average traded price at which the Seardel ordinary shares traded for the five trading days immediately preceding 4 November 2005, being the date on which the agreement to effect the repurchase was concluded; and

* 4.39% premium to the volume weighted average traded price at which the Seardel N ordinary shares traded for the five trading days immediately preceding 4 November 2005.



The total purchase consideration for the Seardel shares is R100 468 854. Interest at the prime rate will be paid on the total purchase consideration from 1 January 2006 until the date of payment. Seardel will acquire the shares cum the dividend to be paid to Seardel shareholders on 21 November 2005. Accordingly, the seller is required to refund to Seardel its portion of the dividend amount that will be paid to Seardel shareholders on 21 November 2005. Seardel will acquire the Seardel shares immediately after the requisite shareholder approval is obtained in respect of the repurchase. To the extent the Seardel shares are acquired by Seardel, the Seardel shares will be cancelled and their listing terminated.



Financial effects on Seardel and cautionary announcement

The financial effects of the repurchase on the earnings per share, headline earnings per share, net asset value per share and tangible net asset value per share in respect of the Seardel shares will be published in due course. Shareholders are advised to exercise caution when dealing in the company's securities until this information is published.



Circular and general meeting

Seardel will issue a circular in due course to its shareholders setting out the details of the specific repurchase and including a notice convening a general meeting for the purpose of considering and, if deemed fit, approving all resolutions necessary to implement the specific repurchase.
25 Oct 2005 11:20:43
(Official Notice)
Kenneth Alexander Gradner Blumberg elected not to make himself available for re-election to the board of Seardel at the annual general meeting held on 25 October 05.
25 Oct 2005 11:18:45
(Official Notice)
At the annual general meeting on Tuesday, 25 October 2005 all of the resolutions were passed by the requisite majority of Seardel shareholders. In terms of an ordinary resolution passed at the above meeting, a dividend of 11cps will be paid on Monday 21 November 2005 to shareholders recorded in the register of the company at the close of business on the record date, being Friday 18 November 2005.
28 Sep 2005 15:14:04
(C)
Trading conditions during 2005 was particularly difficult, due mainly to the strength of the rand and the importation of cheap products from the East. The strength of the rand also impacted negatively on exports, which for the year under review amounted to R229m or 6.1% of revenue, from last year`s levels of R395m or 10.4% of revenue, a reduction of R166m. Revenue decreased marginally to R3 745m (R3 793m) with headline earnings dropping to 35.9cps (66.0cps). Income attributable to shareholders was reported to be R55.4m (R121.7m). A dividend of 11cps in respect of the year under review, which proposal will require confirmation at the annual general meeting.



22 Aug 2005 12:46:12
(Official Notice)
On 13 June 2005 Seardel published a trading statement advising shareholders that it was anticipated that Seardel`s headline earnings per share and earnings per share for the year ended 30 June 2005 were estimated to be between 45% and 65% lower than the previous year. Seardel now has more certainty on the anticipated headline earnings per share and earnings per share and is able to give shareholders more clarity in relation to the estimated reduction in headline earnings per share and earnings per share. In this regard shareholders are advised that it is anticipated that the headline earnings per share for Seardel for the year ended 30 June 2005 will be approximately 47% lower than the previous year and the earnings per share for Seardel for the year ended 30 June 2005 will be approximately 30% lower than the previous year. The financial results on which this trading statement has been based have not been reviewed or reported on by Seardel`s auditors. The annual report to shareholders will be released before the end of September 2005.
22 Jun 2005 16:08:51
(Official Notice)
Shareholders are referred to the announcement dated 16 May 2005 and the circular to shareholders dated 31 May 2005 in relation to the repurchase by Seardel of 1 134 900 of its ordinary shares and 3 898 288 of its `N` ordinary shares from Coronation Fund Managers Ltd (the `transaction`). At the general meeting of Seardel held on Wednesday, 22 June 2005, the relevant special resolutions required to give effect to the transaction were passed by the requisite majority of shareholders.
13 Jun 2005 10:20:00
(Official Notice)
Seardel will shortly be finalising its results in respect of the year ended 30 June 2005. Shareholders are advised that at this stage it is anticipated that Seardel`s headline earnings per share and earnings per share, for the year ended 30 June 2005, are estimated to be between 45% and 65% lower than the previous year. The financial results on which this trading statement has been based have not been reviewed or reported on by Seardel`s auditors. The annual report to shareholders will be released before the end of September 2005.
13-Jul-2016
(X)
E Media Holdings is a JSE-listed company that owns 67.7% of E Media Investments Pty Ltd. a South African media group with holdings in a variety of broadcasting, content and production businesses. Based in Johannesburg and Cape Town, eMedia Investments is owned and controlled by eMedit holding company, incorporated in South Africa and listed on the JSE.


Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Best in 800x600 with IE6 or Mozilla Firefox