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06-Sep-2018
(Official Notice)
Shareholders are advised that Mr A Joffe has been appointed as a non-executive director of the group, effective 5 September 2018.
30-Aug-2018
(Official Notice)
enX acquired 37% of Zestcor Eleven (Pty) Ltd. (Registration No. 1998/004139/07) (?Zestcor?) effective 1 June 2018. Zestcor is a distributor of ExxonMobil Petroleum and Chemical BVBA (?ExxonMobil?) basestocks in South Africa. These products are used in the production of oil lubricants. As part of the purchase agreement the enX Board has agreed to issue a guarantee to ExxonMobil for trade credit terms provided by ExxonMobil to Zestcor from time to time for the supply of basestocks (?ExxonMobil Guarantee?). The liability to ExxonMobil shall not exceed the aggregated sum of US USD1.5 million (US Dollar one million, five hundred thousand). South African Reserve Bank approval has been received. The ExxonMobil Guarantee will be provided at a market related rate.



Section 45(5) Notice

Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act, and pursuant to the relevant special resolution passed at the AGM, the Board has adopted a resolution to provide financial assistance in the form of an enX Indemnity and the ExxonMobil Guarantee, which both constitute direct and/or indirect financial assistance in terms of the provisions of section 45 of the Companies Act.



In accordance with section 45(3)(b) of the Companies Act, the enX board is satisfied and acknowledges, in respect of the financial assistance granted, that:

*the Company will satisfy the solvency and liquidity test as set out in section 4 of the Companies Act immediately after providing the financial assistance; and

*the terms under which the financial assistance is to be given are fair and reasonable to enX.
30-Aug-2018
(Official Notice)
The company reported a loss per share and a headline loss per share of 301.2 cents for the year 31 August 2017 (?the previous reporting period?). The company anticipates to achieve a profit for the year ending 31 August 2018 (?the current reporting period?). The primary reason for the difference relates to the fair value adjustment in investments and associated losses in eXtract Group Limited of R738 967 000 that was included in the previous reporting period. These losses translated into 476.28 cents per share which will not repeat in the current reporting period.



There is currently insufficient certainty to enable the company to provide specific guidance on the extent of the Earnings per share and Headline Earnings per share ranges for the current reporting period. The company will publish a further trading statement once it has certainty.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors. The company?s financial results for the year ended 31 August 2018 are expected to be released on SENS on or about 29 October 2018.
27-Jul-2018
(Official Notice)
Shareholders are advised that Mr Jarrod Friedman has been appointed as chief financial officer (?CFO?) and executive director of the Group, effective 1 September 2018.
16-Jul-2018
(Official Notice)
Shareholders are advised that Mr LL Von Zeuner, an independent non-executive director, has notified the board of directors (?the Board?) of his intention to resign as director of enX Group Ltd. effective 13 July 2018.
04-Jul-2018
(Official Notice)
Shareholders are advised that Mr Irwin Lipworth has notified the board of directors (?the Board?) of his intention to resign as chief financial officer and a director of enX Group Ltd. effective 31 August 2018.



The board is in a process of appointing a successor and details will be announced in due course.
15-May-2018
(Official Notice)
Bondholders are advised that the interim results for the six months ended 28 February 2018 (?the interims?) of enX Group Limited (?enX Group?), a Guarantor to the Issuer?s Domestic Medium Term Note Programme, are available for inspection at enX Group?s registered office. The interims of enX Group have also been made available on their website at www.enxgroup.co.za. Further to the above, bondholders are hereby advised that there have been no restatements to previously published interim results.

14-May-2018
(C)
Revenue for the interim period increased to R3.6 billion (2017: R2.4 billion), operating profit was higher at R354.1 million (2017: R271.9 million). Net profit attributable to equity holders of the parent grew to R138.4 million (2017: R114.1 million) and headline earnings per share rose to 77.4 cents per share (2017: 73.6 cents per share).



Dividend

In line with the Group policy to reinvest for growth, no cash dividend has been declared for the period.



Company outlook

We expect EIE and Wood to improve on their first half reported performances. Power has largely completed its restructure, resulting in an improved performance in the second half. EFML expects to perform in line with its current performance and aims to grow its leasing book. Encouraging progress has been made in the first half with regard to improving customer retention rates and winning new business. Petrochemicals should show moderate improved performance in the second half. The Lubricants business will commence blending for ExxonMobil and should deliver overall growth in ExxonMobil distribution volumes. Orders from the existing toll blending customer are expected to improve in the first half of FY2019. The Chemicals business is expected to increase volumes of ExxonMobil chemicals and synthetic rubber.



The Group will begin to engage with the South African leasing business banking consortium in the coming months, to refinance the term facility that begins amortising in August 2019. Key risks to our business are posed by declines in overall levels of economic sentiment, growth rates, currency volatility and higher interest rates. Whilst recognising this, enX believes its business model and current portfolio of businesses have defensive characteristics given the annuity generating nature of its assets, strong market positions, brand partnerships and long-term client commitments. We have an experienced management team who will maintain the strong relationships with our OEMs, drive cost efficiencies and be alert to opportunities to grow.
25-Apr-2018
(Official Notice)
Further to the announcement released on SENS on 20 April 2018 in respect of the listing of the ENX01S note, the Issuer wishes to inform bondholders that the preliminary credit rating as assigned, by Global Credit Ratings Co Proprietary Limited, on 5 April 2018 has been finalised and the long-term credit rating of A-(za)(sf) remains applicable.
19-Apr-2018
(Official Notice)
16-Apr-2018
(Official Notice)
enX has received approval from the bondholders, and subsequently, from the JSE in terms of its second supplement of the enX Corporation Domestic Medium Term Note Programme (?the programme?) as well as the supplements to the applicable pricing supplements (?the pricing supplements?) of the notes currently listed under the programme. A summary of the changes effected are provided below.



The Issuer has effected changes to the guarantors by:

? adding enX Group Ltd. (?the ListCo?) as a guarantor under the programme; and

? removing Eqstra NH Equipment (Pty) Ltd. as a guarantor, as the entity is no longer a material subsidiary.



The terms and conditions that give effect to same have been included in Annexure A of both the programme and the pricing supplements (?the amended documents?).



A removal of the coverage ratio has been effected by the removal of Conditions 6.6 and 6.7 of the programme as set out in Annexure B of the amended documents. An optional redemption upon a put event has been included in the terms and conditions as set out in Annexure C of the amended documents.



enX has also amended the Terms and Conditions of the outstanding notes to include matters relating to the maintenance of a credit rating of the Parent Guarantor and the Issuer as set out in Annexure D of the amended documents.



The Issuer has also made changes to Meetings of Noteholders as per Annexure E to align the Terms and Conditions to the current Debt Listings Requirements (?the Requirements?). A decrease in the programme amount from ZAR8 000 000 000.00 to ZAR4 000 000 000.00 has also been effected.



Annexure F reflects the change to the notice of interest amount whereby the Requirements calls for the interest amount to be announced on SENS at least 3 business days before each interest payment date of the listed notes.



Lastly, the Issuer has made changes to certain definitions contained in the programme as set out in Annexure G of the amended documents.



The updated amended documents together with the amended guarantee agreements are available for inspection at the registered office of the Issuer and have been made available for inspection on their website, www.enxgroup.co.za/dmtn-programme.



The updated programme and the pricing supplements will also be available for inspection on the JSE website www.jse.co.za.
10-Apr-2018
(Official Notice)
Bondholders are referred to the notice of meeting released on SENS on 14 March 2018, the meeting of which was held on Tuesday, 10 April 2018 at the offices of enX Corporation Ltd., 61 Maple Road, Pomona, Kempton Park, 1619 (?the Noteholders Meeting?) at which the extraordinary resolutions were considered.



In this regard, the Issuer confirms the voting results from the noteholders meeting in relation to the total nominal amount of all debt securities of the Issuer.
14-Mar-2018
(Official Notice)
Shareholders are advised that The Standard Bank of South Africa Ltd. has been appointed as sponsor to enX, with effect from 1 April 2018.

12-Mar-2018
(Official Notice)
Shareholders and noteholders are advised that enX Corporation?s management will be holding a noteholder roadshow in Cape Town and Johannesburg from Monday, 12 March 2018 until Friday, 16 March 2018. A copy of the presentation will be available on the Issuer?s website at www.enxgroup.co.za on Monday, 12 March 2018 at 08h00.
22-Feb-2018
(Official Notice)
13-Feb-2018
(Official Notice)
Shareholders are advised that the annual general meeting (?AGM?) of shareholders was held on Tuesday, 13 February 2018 (in terms of the notice dispatched on 29 November 2017). Ordinary resolution 9.3, regarding the reappointment of PM Makwana as a member of the audit and risk committee was withdrawn at the AGM. The reason for the withdrawal was that PM Makwana was appointed as acting chairman of the company on 1 January 2018 (as detailed in the SENS announcement published on 13 December 2017). All the remaining resolutions tabled at the AGM were passed by the requisite majority of enX shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of enX shares in issue as at the date of the annual general meeting: 181 317 725

*total number of enX shares that were present/represented at the annual general meeting: 137 695 765 being 76% of the total number of enX shares that could have been voted at the annual general meeting.



Change to the function of director

Shareholders are further advised that PM Makwana has been appointed as permanent chairman of enX with immediate effect.

12-Feb-2018
(Official Notice)
Shareholders were notified that in accordance with the JSE Listings Requirements, the company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the company?s website, www.enxgroup.co.za.
22-Dec-2017
(Official Notice)
Shareholders are advised that Mr Tyrone Moodley, a non-executive director, has resigned from the board of directors of enX, with effect from 21 December 2017.

19-Dec-2017
(Official Notice)
Bondholders are advised that the annual financial statements (?the financial statements?) of the Issuer Parent, enX Leasing Investments (Pty) Ltd. (formerly Eqstra Investments (Pty) Ltd.) and fellow Subsidiary Guarantors (?the Guarantors?), of the Issuer?s Domestic Medium Term Note Programme, for the 14 months ended 31 August 2017 are available for inspection at the Issuer?s registered office.



Bondholders are also advised that the audit reports on the financial statements of the Guarantors are unqualified, with no modifications applicable.
13-Dec-2017
(Official Notice)
Further to the announcement released on SENS on 23 October 2017 in respect of certain changes to the board of directors of enX (?the board?), shareholders are advised that Jannie Serfontein will now step down as Chief Executive Officer (?CEO?) and will resign from the board with effect from 1 January 2018 and not 31 March 2018, as previously announced.



Shareholders are further advised that Paul Mansour and the board have agreed that Paul will step down from his role as Executive Deputy Chairman with effect from 1 January 2018. Paul will resign as a director of enX but remain with the group as Chief Investment Officer, to focus on the key functions of funding and corporate finance. The board would like to thank Paul for his leadership during the four and a half years of this tenure, overseeing the significant growth and transformation of enX, and wishes him well in his new role.



The board announced that Steven Joffe, the current non-executive Chairman, has been appointed by the board to become CEO of the group effective 1 January 2018. Prior to joining enX as Chairman, Steven was the CEO of Gold Reef Resorts Ltd. (?Gold Reef?) for over 10 years, building Gold Reef from its infancy into one of the largest casino operators in South Africa.



Mpho Makwana, the current lead independent non-executive director, will assume the role of acting Chairman while the board identifies and appoints a permanent Chairman.
12-Dec-2017
(Official Notice)
Shareholders are advised that FTSE has approved the request by the company to transfer its listing of securities maintained on the JSE List from the Industrial Engineering sector (sub-sector: Industrial Machinery) to the General Industrials sector (sub-sector: Diversified Industrials).



Following the establishment of enX?s Petrochemical segment in 2015 and the acquisition of Eqstra?s fleet management and logistics and materials handling businesses in 2016, the company applied for a transfer of sub-sector, from Industrial Machinery to the Diversified Industrials.



The directors believe that this sub-sector more accurately reflects the changed nature of the company and will assist the market in establishing a more meaningful set of comparative companies.



The effective date of this change in sector will be from Monday, 18 December 2017.
07-Dec-2017
(Official Notice)
01-Dec-2017
(Official Notice)
30-Nov-2017
(Official Notice)
Bondholders are advised that Global Credit Ratings (?GCR?) has affirmed the national scale issuer ratings assigned to enX Leasing Investments (Pty) Ltd. (formerly Eqstra Investments (Pty) Ltd.), the Company?s parent guarantor, at zaBBB in the long term and zaA3 in the short- term, with the outlook accorded as Stable.



CR stated that both the Industrial Equipment (IE) and Fleet Management and Logistics (FML) divisions ??.are leading players in their respective industries. The sustainability of IE and FML?s annuity income is supported by their high-quality client bases, comprising predominantly of blue chip groups. Positively, all key management have been retained post the Eqstra transaction and remain incentivised to deliver strong growth going forward, leveraging off the improved access to capital afforded by the transaction.?



GCR also noted that ?As at 31 August 2017, enX Corporation Ltd. complied with all debt covenants, with sufficient headroom. GCR has reviewed cash flow models which indicate that cash flows will be sufficient to meet debt obligations in 2018 as well as required capex for the IE and FML businesses?While R612 million in bonds are set to mature in April 2018, enX Leasing Investments has already begun putting in place facilities to meet the required redemption through a syndicated loan. In addition, the issuance of a new R70 million 5-year bond in July and September 2017 indicates that enX has a renewed ability to tap funding from the banking and debt capital markets.?



The full rating announcement issued by GCR is available at www.enxgroup.co.za\dmtn-programme.

30-Nov-2017
(Official Notice)
Bondholders are advised that the annual financial statements (?the financial statements?) of the Issuer for the 14 months ended 31 August 2017 are available for inspection at the Issuer?s registered office.



The financial statements of the Issuer have also been made available on their website at www.enxgroup.co.za/dmtn-programme/.



Bondholders are also advised that the audit report on the financial statements of the Issuer is unqualified, with no modifications applicable.



Furthermore, the Issuer would like to advise bondholders that no restatements have been included in the financial statements.

23-Oct-2017
(Official Notice)
Shareholders are advised that Jannie Serfontein has notified the board of directors of enX (?the board?) of his intention to resign as chief executive officer and director of enX.



Jannie will remain with enX until March 2018 to ensure a smooth transition.



The board announced that Paul Mansour, current Executive Deputy Chairman, has been elected to replace Jannie as chief executive officer of the Group effective 31 March 2018. The role of Deputy Executive Chairman will fall away.
23-Oct-2017
(C)
18-Oct-2017
(Official Notice)
17-Oct-2017
(Permanent)
enX Group Ltd.'s historical share prices have been adjusted to reflect the unbundling in the ratio of 21.39799 eXtract shares for every one enX share held on 10 October 2017.
12-Oct-2017
(Official Notice)
12-Oct-2017
(Official Notice)
03-Oct-2017
(Official Notice)
Shareholders are referred to the announcements released on SENS (the last of which was released on 28 September 2017) in respect of the restructure and recapitalisation (the ?restructure?) of eXtract Group Ltd. (?eXtract?) and the proposed unbundling and distribution by enX of 3 861 041 279 eXtract shares to enX shareholders in the ratio of 21.39799 eXtract shares for every one enX share held (the ?unbundling?).



enX and eXtract are pleased to inform shareholders steps 1 ? 5 of the restructure (as detailed in the circular issued to enX shareholders on 11 July 2017) have now been implemented. Accordingly, the salient dates and times in respect of the unbundling and distribution are as follows:

*Unbundling finalisation announcement is released on SENS by 11:00 on Tuesday, 3 October 2017

*Last day to trade in enX shares in order to participate in the unbundling - Tuesday, 10 October 2017

*Trading in enX shares ?ex? the entitlement to receive the unbundled eXtract shares commences Wednesday, 11 October 2017

*Price for fractional entitlements and the ratio apportionment of expenditure and market value in respect of the unbundling is announced on SENS by 11:00 on Thursday, 12 October 2017

*Record date for the unbundling ("unbundling record date") at close of business on Friday, 13 October 2017

*Dematerialised enX shareholders? accounts at their CSDP or broker updated to reflect the unbundled eXtract shares - Monday, 16 October 2017

*Issue of new eXtract share certificates to certificated enX shareholders, provided that the old share certificates have been lodged by 12:00 on Friday, 13 October 2017 (share certificates received after this time will be posted within 5 business days of receipt) - Monday, 16 October 2017



In implementing the unbundling, enX is required by the JSE to apply the rounding principle that a shareholder becoming entitled to a fraction of a share arising from the consolidation will be rounded down to the nearest whole number, resulting in the allocation of whole eXtract shares and a cash payment for the fraction. The value of such cash payment will be the volume weighted average traded price per eXtract share less 10% on the first day of trade after the last day to trade in order to participate in the consolidation, which will be announced on SENS on the second day of trade after the last day to trade in order to participate in the unbundling.
28-Sep-2017
(Official Notice)
28-Sep-2017
(Official Notice)
Shareholders are referred to the announcements released on SENS relating to, inter alia, the restructure and recapitalisation of eXtract (the ?restructure?) the last of which announcements was released on SENS on 12 September 2017. enX and eXtract are pleased to inform shareholders that all conditions precedent to the restructure have been fulfilled and the restructure will now be implemented. Upon the implementation of steps 1 ? 5 of the restructure (as detailed in the circulars issued to enX and eXtract shareholders on 11 July 2017) being implemented a finalisation announcement in respect of the unbundling and distribution by enX of 3 861 041 279 eXtract shares to enX shareholders in the ratio of 21.39799 eXtract shares will be released on SENS by enX.
29-Aug-2017
(Official Notice)
Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008 (the ?Companies Act?), and pursuant to the special resolution passed at the annual general meeting of the Company held on Wednesday, 29 March 2017, the board of directors of the company (the ?board?) has adopted a resolution to provide financial assistance to Friedshelf 1320 (Pty) Ltd (?Friedshelf?) by the issuance of a guarantee by the Company in respect of certain loan and banking facilities being made available to Friedshelf by the financing parties, which constitutes direct and/or indirect financial assistance in terms of the provisions of section 45(5) of the Companies Act.



Friedshelf is a wholly owned subsidiary of the Company which holds its Power, Wood and Petrochemical investments. The loan and banking facilities are for an aggregate principal amount of R550 million, of which R350 million represents term and overdraft facilities and R200 million represents indirect banking facilities.



In accordance with section 45(3)(b) of the Companies Act, the board is satisfied and acknowledges, in respect of the financial assistance granted that:

*the Company will satisfy the solvency and liquidity test as set out in section 4 of the Companies Act immediately after providing the financial assistance; and

*the terms under which the financial assistance is to be given are fair and reasonable to enX.
29-Aug-2017
(Official Notice)
Shareholders are referred to the announcements released on SENS in respect of the restructure and recapitalisation of eXtract Group Ltd. (?eXtract?) (the ?restructure?) and the subsequent unbundling and distribution by enX of 3 861 041 279 eXtract shares to enX shareholders in the ratio of 21.39799 eXtract shares for every one enX share held (the ?unbundling?), the last of which announcements was released on SENS on 11 August 2017.



Shareholders are advised that conditions precedent to the restructure have not yet been fulfilled due to delays in obtaining a regulatory ruling and finalising certain commercial arrangements. Accordingly, the restructure is not yet unconditional. The unbundling is expected to proceed as anticipated. As a consequence, the salient dates for the unbundling will need to be revised. Once all of the conditions precedent to the restructure have been fulfilled, shareholders will be advised as to the revised salient dates.

11-Aug-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 11 July 2017, wherein shareholders were advised that enX had posted a circular, together with a notice convening a general meeting, to shareholders relating to the restructure and recapitalisation of eXtract Group Ltd. (?eXtract?) (the ?restructure?) and the subsequent unbundling and distribution by enX of 3 861 041 279 eXtract shares to enX shareholders in the ratio of 21.39799 eXtract shares for every one enX share held (the ?unbundling?).



Shareholders are advised that at the general meeting of enX shareholders, held on Thursday, 10 August 2017, all of the resolutions tabled thereat were passed by the requisite majority of shareholders.
11-Jul-2017
(Official Notice)
21-Jun-2017
(Official Notice)
enX shareholders are referred to the announcements released on SENS on 18 April 2017 and 15 May 2017 regarding, inter alia, the recapitalisation of eXtract Group Ltd. (?eXtract?) and the subsequent unbundling of enX?s shareholding in eXtract (the ?transaction?) and the announcement released on SENS on 21 June 2017 regarding, inter alia, the update on the transaction.



This announcement replaces the pro forma financial effects announcement that was released on SENS on 15 May 2017.



The pro forma financial information (the ?financial effects?) of the transaction on enX?s net asset value (?NAV?) per share and net tangible asset value (?NTAV?) per share at 28 February 2017 and earnings per share (?EPS?), diluted EPS, headline earnings per share (?HEPS?) and diluted HEPS for the 6 months ended 28 February 2017 are set out below. The financial effects are the responsibility of the directors of enX and have been prepared for illustrative purposes only to provide enX?s shareholders with information on how the transaction may have impacted the financial position and financial performance of enX. Due to their nature, the financial effects may not fairly present enX?s financial position, changes in equity, financial performance and cash flows subsequent to the transaction.



The financial effects are presented in accordance with the JSE Listings Requirements, the Guide on Pro Forma Financial Information issued by The South African Institute of Chartered Accountants and the measurement and recognition requirements of International Financial Reporting Standards (?IFRS?). The financial effects have been prepared using accounting policies that are consistent with IFRS and with the basis on which the historical financial information has been prepared in terms of enX?s accounting policies as at 28 February 2017.
21-Jun-2017
(Official Notice)
13-Jun-2017
(Official Notice)
Shareholders are advised that enX will host a Capital Markets Day in Johannesburg today, 13 June 2017, commencing 9:00 am. The programme will include an overview of enX, the Company's strategy, the Company's operations, site visits of selected businesses and Q-A with the CEO?s of each operation. The presentations by management will be available on the Company's website at www.enxgroup.co.za by no later than 8:00 am today and do not contain new material information about enX?s current trading or future financial performance.
15-May-2017
(Official Notice)
enX shareholders are referred to the announcement released on SENS on 18 April 2017 regarding, inter alia, the recapitalisation of eXtract Group Ltd (?eXtract?) and the subsequent unbundling of enX?s shareholding in eXtract (the ?transaction?).



The pro forma financial information (the ?financial effects?) of the transaction on enX?s net asset value (?NAV?) per share and net tangible asset value (?NTAV?) per share at 28 February 2017 and earnings per share (?EPS?), diluted EPS, headline earnings per share (?HEPS?) and diluted HEPS for the 6 months ended 28 February 2017 are set out below. The financial effects are the responsibility of the directors of enX and have been prepared for illustrative purposes only to provide enX?s shareholders with information on how the transaction may have impacted the financial position and financial performance of enX. Due to their nature, the financial effects may not fairly present enX?s financial position, changes in equity, financial performance and cash flows subsequent to the transaction.



The financial effects are presented in accordance with the JSE Listings Requirements, the Guide on Pro Forma Financial Information issued by The South African Institute of Chartered Accountants and the measurement and recognition requirements of International Financial Reporting Standards (?IFRS?).



The financial effects have been prepared using accounting policies that are consistent with IFRS and with the basis on which the historical financial information has been prepared in terms of enX?s accounting policies as at 28 February 2017.



Withdrawal of cautionary announcement

Following the release of this announcement, the cautionary announcement originally published by enX on 31 March 2017, and renewed on 18 April 2017, is hereby withdrawn and caution is no longer required to be exercised when dealing in enX shares.



15-May-2017
(C)
Revenue for the interim period increased to R2.4 billion (2016: R517.7 million), operating profit was higher at R271.9 million (2016: R26.2 million). Net profit attributable to equity holders of the parent shot up to R114.1 million (2016: R17.5 million) and headline earnings per share rose to 73.6 cents per share (2016: 34.3 cents per share).



Dividend

In line with the Group policy to reinvest for growth, no dividend has been declared for the period.



Company outlook

We expect EIE to marginally improve on its first half reported performance as the fruit harvesting season drives sales and short-term rentals. Our UK operations are expected to perform in line with plan. The effect of these earnings on our full year results will be dependent on currency fluctuations. The order book that Power has built up over the past six months will begin to translate into revenues resulting in a marked improvement in 2017 second half performance, while performance of Wood should continue to be stable.



EFML expects to perform in line with its current performance, although PBT margins may come down as a result of higher low-margin revenues.



Petrochemicals to continue with its strong half year performance. Higher contract manufacturing volumes, the integration of Group's lubricant businesses, increased activity the mining clients, the take-on of the ExxonMobil polymer agency business and improved polymer distribution volumes should all contribute to this result.

Risks to our business are posed by the macroeconomic impact on growth, currency and interest rates of recent sovereign debt downgrades. It is still too early to assess the effect that these may have on our businesses. Whilst recognising this, enX believes its business model and current portfolio of businesses have defensive characteristics given the annuity generating nature of its assets, strong market positions, brand partnerships and long-term client commitments. We have an experienced management team who will maintain the strong relationships with our OEMs, drive cost efficiencies and be alert to the opportunities to grow that macro events present.

12-May-2017
(Official Notice)
18-Apr-2017
(Official Notice)
18-Apr-2017
(Official Notice)
31-Mar-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS by eXtract Group Ltd. (?eXtract?) today, 31 March 2017, wherein eXtract shareholders were provided with further information regarding the strategic review process underway (the ?strategic review?). eXtract shareholders were further advised that eXtract?s interim results for the six months ended 31 December 2016 would be delayed until 18 April 2017.



enX is a material shareholder of eXtract (holding 20.9% of its ordinary shares) as well as a significant financier through various subordinated debt and mezzanine financing arrangements.



As a key shareholder and financier, enX is supportive of the strategic review and its key potential outcomes.



enX is working closely with eXtract and through the strategic review will seek to create greater certainty regarding its investment in eXtract and unlock value for our shareholders.



Certain outcomes of the strategic review may have a material effect on the price of the company?s securities. Shareholders are accordingly advised to exercise caution when dealing in the company?s securities until a further announcement is made.



30-Mar-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 29 March 2017 (in terms of the notice dispatched on 24 February 2017) all the resolutions tabled thereat were passed by the requisite majority of enX shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of enX shares in issue as at the date of the annual general meeting: 180 439 427

*total number of enX shares that were present/represented at the annual general meeting: 141 787 057 being 78.58% of the total number of enX shares that could have been voted at the annual general meeting.
24-Feb-2017
(Official Notice)
Shareholders are advised that enX?s integrated annual report, incorporating the group audited financial statements for the year ended 31 August 2016 (audited 2016 financial statements), was dispatched to shareholders on 24 February 2017, and is also available on the company?s website: www.enxgroup.co.za.



The integrated annual report contains a notice of the annual general meeting for shareholders of the company. The annual general meeting will be held at 10h00 on Wednesday, 29 March 2017 at 202D, 11 Crescent Drive, Melrose Arch, Johannesburg. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Monday, 20 March 2017 and the record date for voting purposes is Friday, 24 March 2017.

14-Feb-2017
(Official Notice)
Shareholders are advised that enX has appointed Deloitte - Touche as external auditors, with Mr S Carter as designated audit partner, for the ensuing 2017 financial year, effective 20 February 2017. The board of directors thank Grant Thornton for their services over the past 11 years.



Shareholders are furthermore advised that, with effect from 1 March 2017, Mrs L Moller will be appointed as the company secretary of enX. CIS Company Secretaries Proprietary Limited will resign on 28 February 2017. The board of directors thank CIS Company Secretaries for their services.
23-Nov-2016
(C)
08-Nov-2016
(Official Notice)
03-Nov-2016
(Official Notice)
Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008 (the ?Companies Act?), and pursuant to the special resolution passed at the general meeting of the company held on 22 September 2016, at the board of directors of the company (the ?board?) has adopted a resolution to provide financial assistance to Eqstra Holdings Ltd. and its subsidiaries (?Eqstra?) as part of and pursuant to the Eqstra transaction (defined below) for the purposes of giving effect to the recapitalisation of Eqstra and the Eqstra transaction, which constitutes direct and/or indirect financial assistance in terms of the provisions of section 45(5) of the Companies Act. The basis on which enX has provided financial assistance to Eqstra is set out in the circular to enX shareholders published on 24 August 2016 (the ?circular?), relating to the transaction concluded between enX and Eqstra in terms of which enX will acquire 100% of the equity in a newly incorporated subsidiary of Eqstra (?Eqstra NewCo?) that owns all of the companies comprising Eqstra?s Industrial Equipment business and Eqstra?s Fleet Management and Logistics business (?the Eqstra transaction?).



In accordance with section 45(3)(b) of the Companies Act, the board is satisfied and acknowledges, in respect of the financial assistance granted that:

* the company will satisfy the solvency and liquidity test as set out in section 4 of the Companies Act immediately after providing the financial assistance; and

* the terms under which the financial assistance is to be given are fair and reasonable to enX.
27-Oct-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 25 October 2016 wherein shareholders were advised that enX would be undertaking an equity capital raise of up to R1.5 billion through the issue of new enX shares. The equity raise was fully underwritten at R21.00 per share.



enX announces that its bookbuild has closed. Of the R1.5 billion new equity to be raised, R1 billion is to be subscribed for by investors (comprising both co-underwriters and other participants in the bookbuild process) at R21.00 per share. The balance of the R500 million is to be subscribed for at R21.00 per share by the co-underwriters pursuant to their underwrite commitments. enX will proceed to implement the proposed acquisition by enX of 100% of the equity in Eqstra Investments (Pty) Ltd. that owns Eqstra Group Ltd?s Industrial Equipment division and Eqstra?s Fleet Management and Logistics division and the recapitalisation of Eqstra for an aggregate consideration of approximately R7.8 billion.



Subject to approval by the JSE, listing and trading of the new enX shares is expected to commence on Thursday, 3 November 2016.



25-Oct-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 24 October 2016 regarding the equity capital raise by enX of up to R1.5 billion by way of a bookbuild process managed by Java Capital (the bookbuild). Shareholders are advised that the closing date for the bookbuild has been extended and will now close at 12:00 on Thursday, 27 October 2016. Allocations will be announced as soon as is reasonably practicable following the closing of the bookbuild. Interested shareholders or investors should contact Java Capital.

25-Oct-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 24 October 2016 regarding the equity capital raise by enX of up to R1.5 billion by way of a bookbuild process managed by Java Capital (the ?bookbuild?).



Shareholders are advised that the closing date for the bookbuild has been extended and will now close at 12:00 on Thursday, 27 October 2017. Allocations will be announced as soon as is reasonably practicable following the closing of the bookbuild. Interested shareholders or investors should contact Java Capital.

24-Oct-2016
(Official Notice)
21-Oct-2016
(Official Notice)
Shareholders are advised that Ms Lerato Molefe has been appointed as an independent non-executive director and Mr Tyrone Moodley has been appointed as a non-executive director to the board of directors of enX, with effect from 21 October 2016.
21-Oct-2016
(Official Notice)
Shareholders are advised that enX is expecting a loss per share (?LPS?) for the year ended 31 August 2016 (the ?current financial year?) of between 13.1 cents per share and 12.0 cents per share, as compared to the earnings per share of 5.3 cents for the year ended 31 August 2015 (the ?corresponding period?). Headline earnings per share (?HEPS?) for the current financial year is expected to be between 0.9 and 2.4 cents per share, being between 68% and 88% lower than HEPS of 7.6 cents per share for the corresponding period. The adjustments in the current year include a once-off goodwill impairment charge within the Power Segment.



Shareholders are further advised that adjusted headline earnings per share (?adjusted HEPS?) for the current financial year is expected to be between 3.2 cents per share and 5.0 cents per share, being between 43% and 63% lower than the most recently reported adjusted HEPS of 8.7 cents per share for the corresponding period. Adjusted HEPS is disclosed as the board is of the view that this more accurately reflects the company?s underlying trading performance. The decline in performance is entirely attributable to poor second half trading by the Power Segment. The remaining businesses continue to perform in line with expectations and have shown year-on-year growth. The adjustments in the current year include retrenchment costs incurred as a result of the slow down within the Power Segment, IFRS 2 charges for share-related incentives and IFRS 3 transaction costs for the West Africa International (Pty) Ltd. and Eqstra Holdings Ltd.. (?Eqstra?) transactions.



The LPS, HEPS and adjusted HEPS calculations are based on the following weighted average number of shares in issue:

- for the year ended 31 August 2015 - 415 089 994;

- for the year ended 31 August 2016 - 566 256 129.



The company?s financial results for the year ended 31 August 2016 are expected to be released on SENS on or about 23 November 2016.



As part of the proposed acquisition by enX of the Eqstra?s Industrial Equipment division and Eqstra?s Fleet Management and Logistics division and the recapitalisation of Eqstra, enX will embark on a capital raise. A presentation has been prepared to assist shareholders as part of this process. The presentation is available on the company?s website (www.enxgroup.co.za).
20-Oct-2016
(Official Notice)
20-Oct-2016
(Official Notice)
19-Oct-2016
(Permanent)
enX Group undertook a share consolidation in the ratio of 11:1 effective date 19 October 2016. Historic share prices and figures have been adjusted.
11-Oct-2016
(Official Notice)
22-Sep-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 24 August 2016, wherein shareholders were advised enX had posted a circular, together with a notice convening general meeting, to shareholders relating to:

*the proposed acquisition by enX of 100% of the equity in Eqstra Investments (Pty) Ltd. that will own Eqstra Group Ltd?s Industrial Equipment division and Eqstra?s Fleet Management and Logistics division and the recapitalisation of Eqstra for an aggregate consideration of approximately R7.8 billion;

*a specific authority to issue new enX shares for up to R1.5 billion for cash, to enX shareholders and institutional investors;

*the consolidation of enX?s shares in the ratio of 11 to 1; and

*an increase in the number of enX authorised shares.



Shareholders are advised that at the general meeting of enX shareholders, held on Thursday, 22 September 2016, all of the resolutions tabled thereat were passed by the requisite majority of shareholders.



Details of the results of the general meeting are as follows:

*total number of enX shares that could have been voted at the general meeting: 600 184 057;

*total number of enX shares that were present/represented at the general meeting: 488 769 901 being 81% of the total number of enX shares that could have been voted at the general meeting.



24-Aug-2016
(Official Notice)
19-Aug-2016
(Official Notice)
Shareholders are advised that Mamosa Motjope, alternate director to Paul Baloyi, has resigned from the board of directors of enX, effective 1 September 2016.



The board has begun the process to identifying a suitable replacement for Mamosa and will advise shareholders once this has been completed. 19 August 2016

27-Jul-2016
(Official Notice)
Further to the announcement released on SENS on 19 February 2016 relating to the acquisition by enX of the issued shares and shareholders claims against West African International Ltd. (?WAI?) for a base purchase consideration of R250 000 000 (the ?WAI acquisition?), enX is pleased to announce that it has successfully closed the WAI acquisition.



As part of the WAI acquisition, enX acquired WAI?s 62.4% shareholding in African Group Lubricants (Pty) Ltd. (?AGL?), the distributor of Caterpillar oil lubricants (produced by Exxon Mobil) to all Caterpillar dealerships in South Africa, Sub-Saharan Africa and the Indian Ocean islands. enX is pleased to announce that it has successfully acquired the remaining 37.6% issued shares in and shareholders claims against AGL for an aggregate base purchase consideration of R20.4 million, with immediate effect. Consequently, AGL is now a wholly-owned subsidiary within the enX Group.



The remaining AGL acquisitions are not categorisable in terms of the JSE Listings Requirements and are not subject to approval by enX shareholders.
30-Jun-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 30 June 2016 relating to the proposed acquisition by enX of Eqstra?s Industrial Equipment business and Eqstra?s Fleet Management and Logistics business and the recapitalisation of Eqstra.



Shareholders are advised that the transaction presentation is available on the enX website, www.enxgroup.co.za from today, 30 June 2016.
30-Jun-2016
(Official Notice)
25-May-2016
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 11 April 2016 and are advised that negotiations regarding a potential acquisition are still in progress which, if successfully concluded, may have a material effect on the price of the company?s securities. Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until a further announcement is made.



17-May-2016
(Official Notice)
Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008 (the ?Companies Act"), and pursuant to the special resolution passed at the annual general meeting of the Company held on 1 April 2016 authorising the board of directors of the company (the "board") to provide financial assistance to current and future subsidiaries and to current and future associated companies of the Company, the board adopted a resolution on 12 May 2016 to provide financial assistance in terms of section 45 of the Companies Act on the basis as set out below.



1. As previously published on SENS on 26 June 2015, enX had entered into a facilities agreement with The Standard Bank of South Africa Limited (?SBSA?) in terms of which SBSA granted a loan facility of an aggregate amount of R55 000 000 to the Company, who in turn provided financial assistance to Austro Proprietary Limited, Power02 Proprietary Limited and New Way Power Proprietary Limited. SBSA has agreed to increase the loan facility to an aggregate amount of R80 000 000 in terms of an amendment and restatement agreement; and



2.enX has entered into a cession of claims agreement in terms of which enX agreed to cede to and in favour of FirstRand Bank Limited its claims against Centlube Proprietary Limited (?Centlube?), a wholly-owned subsidiary of enX, in respect of a loan granted to Centlube by the Company, in the amount of R52 233 846.



both of which constitute financial assistance in terms of the provisions of section 45(5) of the Companies Act.



3. In accordance with section 45(3)(b) of the Companies Act, the board is satisfied and acknowledges, in respect of the financial assistance granted that:

3.1. the Company will satisfy the solvency and liquidity test as set out in section 4 of the Act immediately after providing the financial assistance; and

3.2. the terms under which the financial assistance is to be given are fair and reasonable to enX.

13-May-2016
(C)
06-May-2016
(Official Notice)
In accounting for the business combination of Centlube (Pty) Ltd. (?Centlube?) for the six month period ended 28 February 2015, the purchase price had been allocated to the respective assets and liabilities on a provisional basis (?provisional accounting?). The provisional accounting was subsequently adjusted for the year ended 31 August 2015 based on new information obtained within a time frame of 12 months post the Centlube acquisition date which is consistent with enX?s accounting policies and as provided for within IFRS 3: Business Combinations. These adjustments to the fair values determined in the provisional accounting were treated as adjustments to the comparative results for the six months ended 28 February 2015.



Trading statement

Shareholders are advised that enX?s earnings per share (?EPS?) for the six months ended 29 February 2016 (the ?current interim period?) is expected to be between 2.9 cents per share and 3.3 cents per share, compared to the restated loss per share of 0.1 cents for the six months ended 28 February 2015 (the ?corresponding period?). Headline earnings per share (?HEPS?) for the current interim period is expected to be between 2.9 cents per share and 3.3 cents per share, being between 16% and 32% higher than the restated HEPS of 2.5 cents per share for the corresponding period.



Shareholders are further advised that adjusted headline earnings per share (?adjusted HEPS?) for the current interim period is expected to be between 3.8 cents per share and 4.2 cents per share, being between 3% and 14% higher than the restated adjusted HEPS of 3.7 cents for the corresponding period. Adjusted HEPS is disclosed as the board is of the view that this more accurately reflects the company?s sustainable trading performance. The adjustment in the current interim period includes IFRS 2 charges for share-related incentives. The company?s financial results for the six months ended 29 February 2016 are expected to be released on SENS on or about 13 May 2016.
11-Apr-2016
(Official Notice)
Shareholders are advised that enX has entered into negotiations regarding certain potential acquisitions. If these negotiations are successfully concluded and a transaction eventuates, the transaction may have a material effect on the price of the company?s securities. Shareholders are accordingly advised to exercise caution when dealing in the company?s securities until a further announcement is made.
07-Apr-2016
(Official Notice)
Shareholders are advised that, following the resignation of Jarrod Friedman, effective 15 April 2016 (as announced on SENS on 2 March 2016), Irwin Lipworth will be appointed, as financial director to the board with effect from 1 May 2016.



I
01-Apr-2016
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Friday, 1 April 2016 (in terms of the notice dispatched on 29 February 2016) all the resolutions tabled thereat were passed by the requisite majority of enX shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of enX shares that could have been voted at the annual general meeting (excluding the treasury shares): 562 327 001

*total number of enX shares that were present/represented at the annual general meeting: 328 944 283 being 58.5% of the total number of enX shares that could have been voted at the annual general meeting Special resolution number 1: General authority to effect share repurchases

16-Mar-2016
(Official Notice)
Shareholders are referred to the announcements released on SENS on 26 January 2016 and 15 February 2016, wherein shareholders were advised that a subscription agreement had been entered into between enX, on the one hand, and each of Paul Mansour, Jarrod Friedman and Christian Neuberger (the ?subscribers?) on the other hand, in terms of which the subscribers (or their nominees) will, subject to the fulfilment and/or waiver of certain conditions precedent, subscribe for 7 629 694 enX shares for an aggregate subscription amount of R17 472 000 (the ?specific issue?).



Shareholders are advised that at the general meeting of enX shareholders held on Wednesday, 16 March 2016, all resolutions required to be passed in order to approve the specific issue were passed by the requisite majority of shareholders.
02-Mar-2016
(Official Notice)
Shareholders are advised that the financial director of enX, Jarrod Friedman, will be resigning from the board of directors of enX (?the board?) with effect from 15 April 2016, contemporaneously with the expiry of the Wild Rose Management (Pty) Ltd. management contract. Jarrod will be taking up the financial responsibilities of another investment in the portfolio of the company?s major shareholder, Wild Rose Capital (Pty) Ltd.



The board has commenced with the process of appointing a new financial director, led by the chief executive officer, Paul Mansour. Jarrod will assist at enX in order to ensure a smooth transition to his successor.



Shareholders will be advised once an appointment has been made.
29-Feb-2016
(Official Notice)
Shareholders are advised that enX?s integrated annual report, incorporating the group audited financial statements for the year ended 31 August 2015 ("audited 2015 financial statements"), will be dispatched to shareholders on 29 February 2016, and is also available on the company?s website - www.enxgroup.co.za.



The integrated annual report contains a notice of the annual general meeting for shareholders of the company. The annual general meeting will be held at 10h00 on Friday, 1 April 2016 at 202D, 11 Crescent Drive, Melrose Arch, Johannesburg. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Wednesday, 16 March 2016 (and not Thursday, 17 March 2016 as indicated in the notice of annual general meeting contained in the integrated annual report) and the record date for voting purposes is Thursday, 24 March 2016.



The audited 2015 financial statements included in the integrated annual report contains a reclassification of interest- bearings non-current liabilities contained in the reviewed condensed consolidated provisional financial results for the year ended 31 August 2015, which were released on SENS on 23 November 2015, to interest-bearing current liabilities. The reclassification is as detailed below and does not have any impact on total liabilities, earnings per share, headline earnings per share, net asset value per share or net tangible asset value per share. The reclassification of interest-bearing liabilities from non-current to current liabilities was as a result of bank funding that was classified under non-current interest-bearing liabilities when it should have reflected under the current portion of interest-bearing liabilities.
19-Feb-2016
(Official Notice)
15-Feb-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 26 January 2016 wherein shareholders were advised that a subscription agreement had been entered into between enX, on the one hand, and each of Paul Mansour, Jarrod Friedman and Christian Neuberger (the ?subscribers?) on the other hand (the ?subscription agreement?), in terms of which the subscribers (or their nominees) will, subject to the fulfilment and/or waiver of certain conditions precedent, subscribe for 7 629 694 enX shares for an aggregate subscription amount of R17 472 000 (the ?specific issue?).



Shareholders are advised that a circular regarding the specific issue (the ?circular?), incorporating a notice of general meeting, was posted to shareholders on 15 February 2016. A general meeting of enX shareholders will be held at 10:00 on Wednesday, 16 March 2016 at the registered office of enX at 202D 11 Crescent Drive, Melrose Arch, Johannesburg, 2196, to consider and, if deemed fit, pass, with or without modification, the resolutions contained in the notice of general meeting. A copy of the circular is available on the company?s website (www.enxgroup.co.za).
26-Jan-2016
(Official Notice)
07-Jan-2016
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 23 November 2015 and are advised that negotiations regarding a potential acquisition by enX are still in progress which, if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a full announcement is made.



23-Nov-2015
(Official Notice)
Shareholders are advised that enX has entered into negotiations regarding a potential acquisition which, if successfully concluded, may have a material effect on the price of the company?s securities. Shareholders are accordingly advised to exercise caution when dealing in the company?s securities until a further announcement is made.
23-Nov-2015
(C)
Revenue for the year increased to R882.8 million (2014: R585 million), gross profit rose to R254.4 million (2014: R174.6 million), while profit attributable to owners of the parent lowered to R21.8 million (2014: R24.7 million). Furthermore, headline earnings per share was higher at 7.6cps (2014: 6.1cps).



Dividend

In line with the group policy to reinvest for growth, no dividend has been declared for the year.



Prospects and risks

enX will continue to focus on growing its Power and Fuel segments organically and through acquisition. Trading for the first quarter has been positive. Capacity in our Power segment has increased and we are well positioned through our manufacturing capability, inventory holding, technical services and rental fleet to service increased demand for back-up power in the event further load shedding. Our order book remains healthy. Genmatics will be included for the full twelve months and early trading has exceeded expectations.



The 2016 financial year will also see results from Centlube being incorporated for the full twelve months. Having been integrated into enX, completed the ExxonMobil take-on phase and employed key executives, the business is now settled. We are focused on growing volumes in all parts of the business, improving gross margins and optimising inventories. Inventory levels are being run down and we expect them to reach target levels by mid 2016. We expect Centlube to become a material contributor to group revenue and profitability in the coming years.



The cost base of Wood is now properly aligned with its activity levels. This business will focus on growing high margin revenue lines and is expected to show reasonable year-on-year growth in profitability in line with the industry in which it operates.



The key risk to financial results in 2016 is the performance of the Rand. A sustained and rapid decline versus our trading currencies will increase input costs which we may not be able to pass onto customers or may result in a decline in volumes. Policies and procedures are in place to mitigate this risk as far as possible. The group?s acquisition pipeline is promising.
12-Nov-2015
(Official Notice)
In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the financial results for the previous corresponding period.



Shareholders are advised that enX?s earnings per share (?EPS?) for the year ended 31 August 2015 (the ?current financial year?) is expected to be between 5.0 cents per share and 5.7 cents per share, being between 10% and 21% lower than the EPS of 6.3 cents per share reported for the year ended 31 August 2014 (the ?corresponding period?). Headline earnings per share (?HEPS?) for the current financial year is expected to be between 7.3 cents per share and 7.9 cents per share, being between 20% and 30% higher than the HEPS of 6.1 cents per share for the corresponding period.



Shareholders are further advised that adjusted headline earnings per share (?adjusted HEPS?) for the current financial year is expected to be between 8.7 cents per share and 9.1 cents per share, being between 0% and 5% higher than the adjusted HEPS of 8.7 cents per share for the corresponding period.



The information on which this trading statement has been based has not been reviewed or reported on by the company?s auditors.



The company?s financial results for the year ended 31 August 2015 are expected to be released on SENS on or about 19 November 2015.
17-Sep-2015
(Official Notice)
enX shareholders are referred to the cautionary announcement released on SENS on 24 June 2015 and renewed on 5 August 2015, in respect of a transaction in terms of which New Way Power (Pty) Ltd. (?New Way?), a wholly-owned subsidiary of enX, will acquire the diesel generator rental business of Galeprops 2661 CC (trading as Genmatics) ( ?the business?) (the ?transaction?).



Following the conclusion by New Way of a due diligence into the business, shareholders are advised that the unaudited value of the net assets that are the subject of the transaction is R30,7 million and that the unaudited after tax profits attributable to the net assets that are the subject of the transaction for the period ended February 2015 is R8,5 million (as adjusted for non-recurring transactions and prepared according to enX accounting policies).



As all outstanding conditions precedent to the transaction have now been duly fulfilled, the transaction is unconditional and will proceed to be implemented in accordance with its terms.



Withdrawal of cautionary

Shareholders are advised that the cautionary announcement dated 24 June 2015 and renewed on 5 August 2015 has been withdrawn. Shareholders no longer need to exercise caution when dealing in enX shares.
08-Sep-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 6 August 2015, wherein shareholders were advised that Ms Mamosa Motjope?s appointment as an alternate director to Mr Paul Baloyi would be effective from the date on which Samvenice Trading 1 (Pty) Ltd. is registered in enX?s securities register as the holder of shares to be issued to it pursuant to the implementation of the BEE transaction, as defined therein. Shareholders are advised that such registration occurred today, 8 September 2015.



Accordingly, Ms Mamosa Motjope has been appointed as an alternate director to Mr Paul Baloyi with effect from 8 September 2015.
07-Sep-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 15 June 2015 and 15 July 2015 detailing the specific issue of 140 637 983 ordinary shares in enX to Samvenice Trading 1 (Pty) Ltd., the wholly-owned subsidiary of CapLeverage (Pty) Ltd., for an aggregate subscription price of R213 769 734.16, and related matters (collectively, the ?transactions?).



Shareholders are advised that all outstanding suspensive conditions to the transactions have now been fulfilled, and the transactions are accordingly now unconditional.
06-Aug-2015
(Official Notice)
05-Aug-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 24 June 2015, in respect of the purchase by New Way Power (Pty) Ltd., a wholly owned subsidiary of enX, of the generator rental business of Galeprops 2661 CC (trading as Genmatics) (the ?transaction?) and are advised that as the due diligence process has not yet been completed, the value of the net assets of the transaction and the profits attributable to the business are still to be determined. enX shareholders are accordingly advised to continue to exercise caution when dealing in their enX shares until a further announcement is made.
15-Jul-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 15 June 2015 wherein they were advised that enX had posted a circular, together with a notice convening a general meeting, to shareholders relating to:

* the specific issue of 140 637 983 ordinary shares in enX to Samvenice Trading 1 (Pty) Ltd. (?CapLev Newco?), the wholly-owned subsidiary of CapLeverage (Pty) Ltd. (?CapLev?), for an aggregate subscription price of R213 769 734.16;

* the granting by enX of a Ltd. indemnity in terms of which enX indemnifies and holds each shareholder of CapLev harmless from and against certain claims made in terms of CapLev Newco?s funding arrangements with the Industrial Development Corporation of South Africa Ltd. (the ?IDC?); and

* the amendment of the memorandum of incorporation of the company (the ?MoI amendment?),

(collectively, the ?transactions?).



Shareholders are advised that at the general meeting of the company held on Tuesday, 14 July 2015, all resolutions required to be passed in order to approve the transactions were passed by the requisite majority of shareholders.



The transactions remain subject to:

* the passing of any resolutions required to approve the transactions by the board of directors of enX, including, without limitation, the approval of the specific issue in terms of the Listings Requirements of the JSE and any resolutions required in terms of sections 44 and/or 45 of the Companies Act 71 of 2008 to approve any financial assistance which may be provided by enX to CapLev in connection with the transactions; and

* the fulfilment or waiver of the remaining conditions precedent to the various finance and security agreements entered into amongst CapLev Newco, as borrower, and IDC, as lender.



A further announcement or announcements will be released regarding the fulfilment and/or waiver of the outstanding conditions precedent to the transactions at the appropriate time/s.
26-Jun-2015
(Official Notice)
24-Jun-2015
(Official Notice)
15-Jun-2015
(Official Notice)
27-May-2015
(Official Notice)
Shareholders are referred to previous announcements, the last of which was released on SENS on 21 July 2014, regarding the renewal of the distributorship agreement between New Way Power (Pty) Ltd. (?New Way?) (a subsidiary of enX) and John Deere S.A.S. (?John Deere?), in terms of which New Way is appointed as a distributor of John Deere industrial engines and OEM engine spare parts (?the distributorship agreement?). Shareholders are advised that the distributorship agreement has been successfully renewed for an indefinite period of time.
15-May-2015
(C)
Revenue for the period increased by 23.6% to R326.5 million ( R264.1 million). Gross profit rose by 16.8% to R98.6 million (R84.4 million), while loss attributable to owners was recorded at R5.7 million (profit of R12 million). Furthermore, headline earnings per share decreased to 2.4cps (3cps).



Dividend

In line with group policy to reinvest for growth, no dividend has been declared for the period.



Prospects

enX will continue to focus on growing its power and fuel segments organically and through acquisition. The group is well positioned to service the increased demand for back-up power brought about by capacity constraints at Eskom that began manifesting itself through load shedding in late November 2014. This has resulted in a significant and thus far sustained improvement in activity in the Private Power Sales and Power Product Distribution businesses. The order book in these businesses is the highest on record. Production capacity was increased to 150% in February and has since doubled in late April to meet demand. We will invest in working capital to support these production levels and expect the Power segment to deliver significant year-on-year growth in revenue and profitability.



Trading activity at Centlube is ramping up. During the next six months management intends focusing on growing the Mobil Industrial and Automotive business, optimising the level of inventories as they gain a better understanding of the Mobil sales mix and making further capital investments in customer bulk installations to secure and grow volumes. The full impact of these initiatives will be reflected in the second half results. We are planning for sustained volume growth in Mobil products over the next few years. The Wood business is expected to sustain its turnaround and continue contributing to group profits. The group's acquisition pipeline is promising both locally and in Southern Africa. The expected capital raised through our empowerment transaction will give us the agility to execute quickly on these deals, subject to customary compliance requirements.
13-May-2015
(Official Notice)
Shareholders are advised that enX is expected to show a loss per share (?LPS?) for the six months ended 28 February 2015 (the ?current interim period?) of 1.4 cents, relative to earnings per share (?EPS?) of 3.0 cents for the six months ended 28 February 2014 (the ?corresponding period?). Significant items reported in LPS include:

* an immediate impairment of goodwill arising from an increase in the enX share price between the R1.45 issue price agreed in the acquisition agreement with Centlube Holdings (Pty) Ltd. and the date of the actual issue of shares;

* IFRS2 charges for share-related incentives; and

* a once-off reversal of provisions arising from the straight-lining of an operating lease.



The company?s interim financial results for the six months ended 28 February 2015 are expected to be released on SENS on or about 15 May 2015.
13-May-2015
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 13 May 2015 (in terms of the notice dispatched on Friday, 27 February 2015) all the resolutions tabled thereat were passed by the requisite majority of the enX shareholders.
30-Apr-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 16 March 2015, outlining, inter alia, the salient terms of a BBBEE transaction which will result in the injection of R211 million of new equity and facilitate the introduction of an additional 25,01% BBBEE participation in enX, increasing the BBBEE equity ownership of enX to 26,54% (the ?transaction?).



Shareholders are advised that the financial effects of the transaction are still being finalised. Accordingly, enX ordinary shareholders are advised to continue to exercise caution when dealing in their enX ordinary shares until a further announcement is made.
16-Mar-2015
(Official Notice)
27-Feb-2015
(Official Notice)
Shareholders are advised that enX?s integrated annual report, incorporating the group audited financial statements for the period ended 31 August 2014, was dispatched to shareholders on 27 February 2015, and contains no changes from the provisional condensed consolidated financial results for the year ended 31 August 2014, which were released on SENS on 19 November 2014.



The integrated annual report contains a notice of annual general meeting for shareholders of the company, which annual general meeting will be held at 10:30 on Wednesday, 13 May 2015 at 202D, 11 Crescent Drive, Melrose Arch, Johannesburg, Gauteng.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Wednesday, 22 April 2015 and the record date for voting purposes is Thursday, 30 April 2015.



The integrated annual report is also available on the company?s website ? www.enxgroup.co.za.
16-Jan-2015
(Permanent)
Austro Group Ltd. was renamed to enX Group Ltd. on Monday, 19 January 2015.
09-Jan-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 30 October 2014 wherein the salient dates and times in respect of the change of name of the company to enX Group Ltd. (the ?change of name?) were published as well as the further announcement released on SENS on 1 December 2014 wherein shareholders were advised that the special resolution necessary for the change of name, together with all prescribed documents, had been filed with the Companies and Intellectual Property Commission (?CIPC?) for registration.



The company is pleased to advise that the special resolution necessary for the change of name, together with all prescribed documents, have been registered by the CIPC. Accordingly, the salient dates and times in respect of the change of name are as follows:

*Last day to trade in existing shares on the JSE prior to the change of name Friday, 16 January 2015

*Trading in the new name of enX Group Limited on the JSE under the JSE Code:ENX and ISIN ZAE000195723 commences on Monday, 19 January 2015

*Record date in respect of the change of name Friday, 23 January 2015 Issue of new replacement share certificates, provided that the old share certificates have been lodged by 12:00 on Friday, 23 January 2015, on or about (share certificates received after this time will be posted within 5 business days of receipt) Monday, 26 January 2015

*CSDP and broker accounts of dematerialised shareholders expected to be updated on Monday, 26 January 2015
29-Dec-2014
(Official Notice)
Notice is hereby given that, in terms of the provisions of section 45(5) of the Act and pursuant to the special resolution passed at the annual general meeting of the company held on 14 May 2014, authorising the company to provide direct or indirect financial assistance to related or inter-related parties, the board of directors (?the board?) has resolved in terms of section 45(2) of the Act to authorise Austro to provide financial assistance to persons and entities who are related to Austro (which includes any of its present or future subsidiaries), which financial assistance exceeds one-tenth of one percent of the company?s net worth.



Following Austro?s acquisition of Centlube Holdings (Pty) Ltd. (?Centlube?) and Centlube?s appointment as distributor of Mobil lubricants for ExxonMobil (with effect from 1 January 2015), Austro has granted financial assistance to Centlube by way of a corporate guarantee in favour of ExxonMobil for the due fulfilment of Centlube?s obligations in terms of the distribution contract.



Shareholders are further advised that the board has resolved that financial assistance between Austro and its operating subsidiaries may take place by way of loans and cross guarantees to secure banking facilities.



In accordance with section 45 of the Act, the board is satisfied and acknowledges that:

* immediately after providing such financial assistance, Austro would satisfy the solvency and liquidity test as provided for in section 4 of the Act, and

* the terms under which such financial assistance is to be given are fair and reasonable to Austro.
01-Dec-2014
(Official Notice)
Shareholders are advised that at the general meeting of shareholders held on Monday, 1 December 2014 (in terms of the notice of general meeting attached to the circular dispatched to shareholders on Thursday, 30 October 2014 (the ?circular?)), all of the resolutions tabled thereat were unanimously passed by Austro shareholders.



Shareholders are further advised that:

* all of the conditions precedent to the acquisition by Austro of an effective 100% shareholding in Centlube Holdings (Pty) Ltd. (the ?Centlube acquisition?), as detailed in the circular have been fulfilled and accordingly, the Centlube acquisition will now be implemented;

* the special resolution in respect of the change of name of the company from ?Austro Group Ltd.? to ?enX Group Ltd.? will be submitted to the Companies and Intellectual Property Commission for registration shortly and shareholders will be advised over SENS once it has been registered.
19-Nov-2014
(C)
Revenue increased by 16% to R585.0 million (R502.7 million). Gross profit rose 13% to R174.6 million (R154.3 million). Profit from operations before interest and taxation jumped to R23.8 million (R4.6 million).Profit attributable to owners sky rocketed 213% to R24.7 million (R7.9 million). In addition, headline earnings per share multiplied to 6.1cps (1.8cps).



Dividend

In line with the group policy to reinvest for growth, no dividend has been declared for the year.



Prospects and risks

Economic growth prospects for South Africa are muted in the near term, with no imminent catalysts to spur growth. Austro's response to this environment is to focus on increasing the contribution to revenue of higher margin, recurring sales of parts and services, retaining existing customers through improved products and services, continually seek out attractive acquisition opportunities and increasing our emphasis on sales into other African markets.



Austro maintains a cautious outlook for the upcoming year. Private Power Sales, Power Product Distribution and Temporary Power's fortunes are closely linked to growth in the real economy and Eskom's ability to supply reliable grid power. The roll out of government's planned infrastructure programme and extended power outages should have a positive impact on revenue. The Wood business has returned to profitability and is expected to continue contributing materially to group profits. The group looks forward to incorporating Centlube into the group. The company is in an exciting growth phase, particularly with the introduction of the Mobil distributorship, with volumes expected to show good growth.



Management continues to seek out acquisitions and business opportunities in the power and fuel sectors that we believe will deliver appropriate returns on capital and have good growth prospects throughout sub-Saharan Africa.
14-Nov-2014
(Official Notice)
04-Nov-2014
(Official Notice)
In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the financial results for the previous corresponding period.



Shareholders are advised that Austro's earnings per share ("EPS") for the year ended 31 August 2014 (the "current financial year") is expected to be between 5.9 cents per share and 6.3 cents per share, being between 195% and 215% higher than EPS of 2.0 cents per share for the year ended 31 August 2013 (the "corresponding period"). Headline earnings per share ("HEPS") for the current financial year is expected to be between 5.8 cents per share and 6.2 cents per share, being between 220% and 240% higher than HEPS of 1.8 cents per share for the corresponding period.



Shareholders are further advised that adjusted headline earnings per share ("adjusted HEPS") for the current financial year is expected to be between 8.1 cents per share and 9.1 cents per share, being between 55% and 75% higher than the most recently reported adjusted HEPS of 5.2 cents per share for the corresponding period. Adjusted HEPS is disclosed as the board is of the view that this more accurately reflects the company?s sustainable trading performance. The adjustments in the current period include IFRS 2 charges for share-related incentives, once-off legal costs and once-off tax adjustments.



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



The company's financial results for the year ended 31 August 2014 are expected to be released on SENS on or about 18 November 2014.

30-Oct-2014
(Official Notice)
18-Sep-2014
(Official Notice)
Notice was given that, in terms of the provisions of section 45(5) of the Act and pursuant to the special resolution passed at the annual general meeting of the company held on 14 May 2014, authorising the company to provide direct or indirect financial assistance to related or inter-related parties, the board of directors ("the board") has resolved in terms of section 45(2) of the Act to authorise Austro to provide financial assistance to entities who are related to Austro (which includes certain of its subsidiaries), which financial assistance exceeds one-tenth of one percent of the company's net worth.



Shareholders are accordingly advised that the credit facilities provided by Austro's bankers at a group level have been increased and as such constitutes financial assistance within the group. In accordance with section 45 of the Act, the board is satisfied and acknowledges that:

* immediately after providing such financial assistance, Austro would satisfy the solvency and liquidity test as provided for in section 4 of the Act, and

* the terms under which such financial assistance is to be given are fair and reasonable to Austro.
13-Aug-2014
(Official Notice)
21-Jul-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 3 December 2013 ("previous announcement"). Austro and New Way Power (Pty) Ltd. have concluded a settlement agreement with former directors, Jonathan Freed and Justin Freed, in terms of which it has been agreed between the parties that the former directors are bound by and are interdicted and restrained, for a period of two years from 17 April 2014, from conducting themselves contrary to the restraint of trade provisions contained in the restraint of trade agreements referred to in the previous announcement. The Group remains in negotiations with John Deere regarding the renewal of its distributorship agreement and continues to represent and trade with John Deere in the interim.
27-Jun-2014
(Official Notice)
Austro shareholders are referred to the cautionary announcement released on SENS on 15 May 2014 and are advised that negotiations are still in progress which, if successfully concluded, may have a material effect of the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a further announcement is made.

24-Jun-2014
(Official Notice)
Shareholders are advised that following the acquisition of the business of Probity Business Services (Pty) Ltd. by Computershare Investor Services (Pty) Ltd. ("Computershare"), CIS Company Secretaries (Pty) Ltd., a subsidiary of Computershare, has been appointed as the company secretary of Austro with immediate effect.
15-May-2014
(Official Notice)
Shareholders are advised that the company has entered into negotiations which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
15-May-2014
(C)
Revenue for the period increased by 1% to R264.1 million (2013: R261.1 million). Gross profit rose by 6% to R84.4 million (2013: R79.5 million), while profit attributable to owners of Austro was higher at R12 million (2013: R10.7 million). Furthermore, headline earnings per share grew by 7% to 3cps (2013: 2.8cps).



Dividend

In line with the group policy to reinvest for growth, no dividend has been declared for the interim period.



Prospects and risks

Financial year-to-date trading has been encouraging. Risks remain in respect of labour unrest, the ability of Eskom to continue to meet demand for power, a slowdown in consumer spending and the knock-on effect this may have on construction activity and monetary policy. Input costs, through Rand exchange rates, and the sectors that the group serves are closely linked to monetary conditions and the performance of the global economy.



Austro's outlook is positive for the balance of the year. Within Private Power Sales the sales order book remains healthy and they plan to pursue organic and acquisitive growth opportunities. The restructuring undertaken during the 2013 financial year at Wood is expected to continue yielding benefits in the year ahead.
15-May-2014
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders of Austro held on Wednesday, 14 May 2014 (in terms of the notice of annual general meeting contained in the Austro Integrated Annual Report issued on 28 February 2014), all of the resolutions proposed at the annual general meeting were passed by the requisite majority of Austro shareholders other than ordinary resolutions 3, 4 and 5 relating to the re-election of Mr DS Brouze, Mr GS Nzalo and Mr U Schackermann to the board of directors (the "board") and ordinary resolutions 13.1 and 13.3 relating to the re-election of Mr Schackermann and Mr Nzalo as chairman and member of the Audit and Risk Committee respectively, all of which were withdrawn.



Messrs Brouze, Nzalo and Schackermann have accordingly stepped down as members of the board with effect from 14 May 2014. The board thanks the outgoing directors for their years of service and wishes them well in their future endeavours. Ms NV Lila has replaced Mr Schackermann as chairperson of the Audit and Risk Committee.



Shareholders are further advised that Mr SB Joffe has been appointed as a non-executive director to the board with effect from 14 May 2014. Mr Joffe is a registered Chartered Accountant and is currently a director of Ricophase (Pty) Ltd. and the Chief Executive Officer of JFN Management (Pty) Ltd. He previously served as the Chief Executive Officer of Gold Reef Resorts Ltd.
28-Feb-2014
(Official Notice)
Shareholders are advised that Austro's Integrated Annual Report, incorporating the group audited financial statements for the period ended 31 August 2013 was dispatched to shareholders on 28 February 2014.



The integrated annual report contains a notice of annual general meeting for shareholders of the company, which annual general meeting will be held at 10:30 on Wednesday, 14 May 2014 at 30?38 Jacoba Street, Alberton North, Gauteng.



The company's Integrated Annual Report contains immaterial changes to certain information contained in the reviewed condensed consolidated financial results for the year ended 31 August 2013 (the "condensed results"), which condensed results were announced on SENS on Friday, 21 November 2013. The changes are as detailed below. None of the changes detailed below have any impact on the Statements of Comprehensive Income, Statements of Financial Position or Statements of Changes in Equity and accordingly have no impact on earnings per share, headline earnings per share or net asset value per share.

The Condensed Consolidated Statements of Cash Flow have been amended as follows:

* additions to plant and equipment for the year ended 31 August 2013 was R13 130 million (R10 728 million per the condensed results);

* proceeds on disposal of plant and equipment for the year ended 31 August 2013 was R3 452 million (R1 050 million per the condensed results); and

* working capital movements in the 2012 restated column of the condensed results included inventory and trade payables acquired as part of a business combination. The Integrated Annual Report has taken these balances into account in Non-cash items and other adjustments in line with the 2012 Integrated Annual Report disclosure. This reflects in the working capital movement of R10 821 million (R2 825 million per the condensed results).



The number of staff employed by the group at 31 August 2013 was 344 (355 per the condensed results).



The amended condensed consolidated statements of cash flow and extract of the Condensed Segmental Analysis are set out in detail in the relevany SENS note.
13-Feb-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on Wednesday, 12 February 2014, wherein the new appointments to the board of directors of Austro was announced and are advised that the curriculum vitae for Paul Baloyi contained an error. Paul Baloyi is currently the chairman of Talent Holdings (Pty) Ltd. and not the chief executive officer and serves on the board of Bidvest Bank Ltd. and not Bidvest Group.
12-Feb-2014
(Official Notice)
The board of directors of Austro) is pleased to advise shareholders of the following appointments to the board with effect from 12 February 2014:

*Mpho Makwana as an independent non-executive director;

*Paul Baloyi as an independent non-executive director;

*Nopasika Vuyelwa Lila as an independent non-executive director; and

*Paul O?Flaherty as a non-executive director.
23-Dec-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on Tuesday, 5 November 2013, wherein shareholders were advised that Ricophase (Pty) Ltd. ("Ricophase") on its own behalf and on behalf of the persons with whom Ricophase is acting in concert or deemed to be acting in concert (collectively the "offeror") had extended an unconditional cash offer (the "offer"), as required in terms of section 123(4) of the Companies Act, 71 of 2008, to Austro shareholders other than the offeror to acquire all or part of such Austro shareholders? shares at an offer price of 55.2 cents per share, which offer closed at 12:00 on 20 December 2013.



Shareholders are advised that the offer was accepted in respect of 5 225 Austro shares, comprising 0.00132% of Austro's issued share capital. Accordingly, Ricophase, together with the persons with whom Ricophase is acting in concert or deemed to be acting in concert, now holds 36.85% of the issued share capital of Austro.
05-Dec-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on Tuesday, 5 November 2013, wherein shareholders were advised that Ricophase (Pty) Ltd. ("Ricophase") on its own behalf and on behalf of the persons with whom Ricophase is acting in concert or deemed to be acting in concert (collectively the "offeror") has extended an unconditional cash offer (the "offer"), as required in terms of section 123(4) of the Companies Act, 71 of 2008, to Austro shareholders other than the offeror to acquire all or part of such Austro shareholders' shares at an offer price of 55.2 cents per share and that a circular relating to the offer had been posted to Austro shareholders on 5 November 2013.



Shareholders are advised that the dates and times set out in the aforesaid announcement remain unchanged. Accordingly shareholders are reminded that the last day to trade in respect of the offer is Thursday, 12 December 2013.
03-Dec-2013
(Official Notice)
Shareholders are referred to Austro's trading statement released on SENS on 5 November 2013, as well as the circular issued to Austro shareholders on 5 November 2013, wherein shareholders were advised that Austro and its subsidiary, New Way Power (Pty) Ltd. ("New Way") (collectively the "Group"), had instituted legal action to interdict and restrain each of Jonathan Freed (formerly CEO of New Way and director of Austro) and Justin Freed (formerly Sales Director of New Way and alternate director of Austro) from breaching restraint of trade undertakings, common law and other legal duties owed to the Group.



Austro announced that the Group has been granted an interim interdict, pending the final determination of the matter by way of arbitration, which is scheduled to take place during April 2014. The interim interdict restrains Jonathan Freed and Justin Freed, pending the April 2014 arbitration, for a period of 36 months from the date of termination of their respective employment with New Way (being 30 June 2013 and 30 September 2013, respectively), from directly or indirectly carrying on or being interested in any business which sells goods or renders services in competition with New Way, in accordance with the restraint of trade provisions contained in each of Jonathan Freed's and Justin Freed?s respective service and restraint agreements with New Way.



The Group remains in discussions with John Deere S.A.S ("John Deere") regarding the conclusion of a new distributorship agreement with John Deere in respect of the distribution of John Deere industrial engines and OEM engine spare parts. Austro intends to progress these discussions and the determination by John Deere as to who will be appointed as the new distributor, given the clarity of the status of the aforesaid litigation.
21-Nov-2013
(C)
Revenue for the year went up by 20% to R502.7 million (R417.5 million). Gross profit jumped 22% to R154.3 million (R126.6 million). Profit from operations were R4.6 million (loss of R22.4 million). A profit attributable to owners of R7.9 million was recorded (loss of R159.4 million). In addition, headline earnings per share were 1.8cps (loss of 6.5cps).



Dividend

In line with group policy to reinvest for growth, no dividend has been declared for the year.



Prospects and risks

Financial year-to-date trading has been encouraging. However, prospects for the year ahead remain uncertain given possible social disturbances in the lead up to the 2014 elections, the ability of Eskom to continue to meet demand for power, a slowdown in consumer spend and the knock-on effect this may have on construction activity and the effects of global monetary policy. Input costs, through Rand exchange rates, and the sectors that the group serves are closely linked to global monetary conditions and the performance of the global economy.



Austro maintains a neutral outlook for the upcoming year. Within Private Power Sales the sales order book remains strong and the group plans to pursue organic growth opportunities while Temporary Power will invest in its fleet to meet growing demand for rentals. The restructuring undertaken during the 2013 financial year in Wood is expected to continue yielding benefits in the year ahead.
13-Nov-2013
(Official Notice)
Notice is hereby given that, in terms of the provisions of section 45(5) of the Act and pursuant to the special resolution passed at the annual general meeting of the company held on 11 April 2013, authorising the company to provide direct or indirect financial assistance to related or inter-related parties, the board of directors ("the board") has resolved in terms of section 45(2) of the Act to authorise Austro to provide financial assistance to persons and entities who are related to Austro (which includes certain of its subsidiaries), which financial assistance exceeds one tenth of one percent of the company?s net worth. Austro's bankers provide credit facilities at a group level to facilitate trade within the group. Financial assistance takes place when cross-sureties are provided by Austro and those of its operating subsidiaries to secure these facilities.



In accordance with section 45 of the Act, the board is satisfied and acknowledges that:

* immediately after providing such financial assistance, Austro would satisfy the solvency and liquidity test as provided for in section 4 of the Act, and

* the terms under which such financial assistance is to be given are fair and reasonable to Austro.
05-Nov-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 26 September 2013 and 23 October 2013 wherein shareholders were advised, inter alia, that Ricophase (Pty) Ltd. ("Ricophase") together with the persons with whom Ricophase is acting in concert or deemed to be acting in concert (collectively the "concert parties") hold in excess of 35% of the issued share capital of Austro. In consequence a mandatory offer has been triggered in terms of section 123 of the Companies Act (71 of 2008) (the "Companies Act") by Ricophase on its own behalf and on behalf of the concert parties (collectively the "offeror") to acquire all of the ordinary shares in Austro not already owned by the offeror (the "offer").



A combined offer circular (the "circular") relating to the offer has been posted to Austro shareholders dated 5 November 2013. Copies of the circular will be made available for inspection during normal business hours at the offices of Austro, 1125 Leader Avenue, Stormill Extension 4, Roodepoort, from 5 November 2013 to 20 December 2013. The circular is also available on Austro's website www.austrogrouplimited.com. Terms defined in the circular shall bear the same meaning in this announcement.



Terms of the offer

The offeror has extended an unconditional cash offer, as required in terms of section 123(4) of the Companies Act, to Austro shareholders other than the offeror to acquire all or part of such Austro shareholders' shares at an offer price of 55.2 cents per share.



Salient dates

* Record date in order to receive the circular on Friday, 25 October

* Circular posted to Austro shareholders on Tuesday, 5 November

* Opening date of the offer (09:00) on Wednesday, 6 November

* Last day to trade of shareholders wishing to accept the offer on Thursday, 12 December

* Shares trade "ex" the offer on Friday, 13 December

* Offer closes at 12:00 on Friday, 20 December

* Record date to determine which shareholders may accept the offer on Friday, 20 December

* Results of offer to be announced on SENS on Monday, 23 December

* Results of the offer to be announced in the press on Tuesday, 24 December.
05-Nov-2013
(Official Notice)
Shareholders are advised that, for the year ended 31 August 2013, Austro anticipates earnings per share ("EPS") to be between 1 cent per share and 3 cents per share, being between 40.06 cents per share and 42.06 cents per share higher than the loss of 39.06 cents per share reported for the year ended 31 August 2012 and headline earnings per share ("HEPS") to be between 1 cent per share and 3 cents per share, being between 6.26 cents per share and 8.26 cents per share higher than the headline loss of 5.26 cents per share reported for the year ended 31 August 2012.



Shareholders should however note that Austro and its subsidiary, New Way Power (Pty) Ltd. ("New Way"), have instituted legal action to interdict and restrain each of Jonathan Freed (formerly CEO of New Way and director of Austro) and Justin Freed (formerly Sales Director of New Way and alternate director of Austro) from breaching restraint of trade undertakings, common law and other legal duties owed to the Group.



The financial results upon which this trading statement is based have been prepared on the assumption that the Group is successful with the litigation against Jonathan and Justin Freed (the "Freed litigation") and the successful conclusion of discussions with John Deere regarding the continuation of the Group's distributor arrangements (the details of which are set out in the circular to the company's shareholders dated 5 November 2013) such that no impairment of goodwill is required. In the event that the Freed litigation and John Deere distributor arrangements are not favourably resolved from the Group's perspective, it may require an impairment of goodwill.



The company's financial results for the year ended 31 August 2013 are expected to be released on SENS on or about 21 November 2013.
23-Oct-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on Thursday, 26 September 2013 (the firm intention announcement) wherein shareholders were advised, inter alia, that a combined offer circular containing full details of the offer to be made to Austro shareholders by Ricophase Proprietary Limited (Ricophase) together with the persons with whom Ricophase is acting in concert or deemed to be acting in concert (the offeror), and incorporating the Austro board?s view of such offer and the offer consideration (the circular) would be posted to Austro shareholders within one month of the date of such announcement. Shareholders are advised that due to unforeseen delays, the company together with the offeror will not be able to post the circular to Austro shareholders within the stipulated time period. It is anticipated that the combined offer circular will be posted to Austro shareholders on or about 5 November 2013, or as soon as reasonably possible thereafter. A further announcement will be released on SENS once the combined offer circular has been posted to Austro shareholders.
26-Sep-2013
(Official Notice)
29-Aug-2013
(Official Notice)
Shareholders were advised that, non-executive director, Jonathan Freed has resigned from the board of directors of Austro with effect from 27 August 2013.
19-Jun-2013
(Official Notice)
Shareholders are advised that Austro has reached an agreement with Salamax for the termination of the ten year lease agreement entered into between Salamax and Austro, in respect of Erf 231, Stormill Extension 8, Roodepoort, Gauteng, known as 1127 Leader Avenue, Stormill Extension 4, Roodepoort ("the transaction") which property is currently being sub-let to New Clicks South Africa (Pty) Ltd. ("the sub-lessee").



Terms of the transaction

The termination payment payable by Austro to Salamax was settled in cash on the termination date, being 31 May 2013. The termination payment was in full and final settlement of all and any claims and or rights of action that Salamax may have against Austro. The termination payment was financed out of existing cash resources of Austro. Austro and Salamax have agreed that on cancellation of the lease agreement on the termination date, Austro shall remain the sub-lessor in respect of the sub-lease until the termination of the sub-lease on 31 August 2013, provided that from the termination date Austro will no longer act as principal under the sub-lease but as agent on behalf of Salamax.



Financial effect

The table below sets out the unaudited pro forma financial effects of the transaction on Austro, based on the unaudited results for the six months ended 28 February 2013. Before - after the transaction:

* Earnings and diluted earnings per share (cents): 2.72 - 3.43

* Headline earnings and diluted headline earnings per share (cents): 2.83 - 3.54.
20-May-2013
(C)
Revenue increased to R261.1 million (R194.2 million). Gross profit rose to R79.5 million (R66.9 million). A net attributable profit of R10.7 million (loss of R147.4 million) was made. In addition, headline earning per share of 2.8cps (loss of 3.4cps) was recorded.



Dividend

No dividend has been declared for the interim period.



Prospects

Locally, economic growth prospects remain muted. There do not appear to be any immediate catalysts that will accelerate growth globally while substantial downside risks remain. Power is likely to benefit from any potential load-shedding that Eskom has warned about, resulting in increased base demand for generator sets but competition to win business will remain intense. The pace of revenue growth at Wood is unlikely to be sustained but the board still expects to show real revenue growth for the financial year. Volatile exchange rates continue to put pressure on margins. A new management team has been appointed to drive the development of the Group going forward.
14-May-2013
(Official Notice)
Shareholders are advised that, for the six months ended 28 February 2013, Austro anticipates that earnings per share and headline earnings per share will be more than 20% higher than the previous corresponding period.



28 February 2013- unaudited estimate

*Earnings/(loss) per share (cents) : between 2 and 3

*Headline earnings/(loss) per share (cents) : between 2 and 3



Austro's condensed consolidated unaudited results for the six months ended 28 February 2013 will be released on SENS before the end of May 2013.
03-May-2013
(Official Notice)
Shareholders are advised that Jonathan Freed, the divisional managing director of New Way Power (Pty) Ltd (New Way), a wholly-owned subsidiary of Austro, has resigned from that position with effect from 30 April 2013. As a result of Jonathan?s resignation, his position as an executive director on the board of Austro has changed to non-executive director, also with effect from 30 April 2013. Justin Freed, who is the alternate director of Jonathan on the board of Austro, has consequently resigned as an alternate director due to his continuing executive role at New Way.
16-Apr-2013
(Official Notice)
Shareholders are advised that Austro has appointed Paul Mansour and Jarrod Friedman as Chief Executive Officer and Financial Director of Austro respectively with effect from 15 April 2013.
11-Apr-2013
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders of Austro held on Thursday, 11 April 2013, in terms of the notice of annual general meeting contained in the Austro Integrated Annual Report issued on 28 February 2013, all of the resolutions proposed at the annual general meeting were passed by the requisite majority of Austro shareholders present or represented by proxy.
20-Mar-2013
(Media Comment)
Business Day reported that Canadian -based portable sawmill and forestry equipment manufacturer Norwood Sawmills had appointed Austro Group as its representative and distributor in SA and much of sub-Saharan Africa. The partnership would bring quality portable sawmills to commercial and industrial tree harvesting, saw milling and wood-processing operations in Africa. Austro specialises in industrial equipment and related supplies to corporate and infrastructure markets in the region. While Norwood sawmills had been profitable throughout Africa for years, the partnership would make it easier and more affordable for Africans to add Norwood mills to their wood processing operations. Norwood and Austro will inaugurate the start of their new African partnership this week at the WoodEX for Africa show in Johannesburg.
28-Feb-2013
(Official Notice)
Shareholders are advised that Austro?s integrated annual report, incorporating the group audited financial statements for the period ended 31 August 2012 was dispatched to shareholders on 28 February 2013. The company's integrated annual report contains a non-material change to information contained in the reviewed condensed consolidated financial results for the twelve months ended 31 August 2012, which were announced on SENS on Monday, 19 November 2012.



A final review of the statement of cash flows identified an incorrect allocation of the funding for plant and equipment acquired through finance leases. Within the announcement released on SENS, certain plant and equipment acquired through finance leases had been classified as non-cash outflows from investing activities. These outflows have been updated in the statement of cash flows as set out in the integrated annual report to reflect the appropriate accounting treatment. The correction of the allocation has no impact on the net cash movement for the year.



The integrated annual report contains a notice of annual general meeting for the company, which will be held at 10:00 on Thursday, 11 April 2013 at 1125 Leader Road, Stormill Ext 4, Roodepoort, was posted to all shareholders of the company on Thursday, 28 February 2013.
13-Dec-2012
(Official Notice)
Shareholders were referred to the announcement issued over SENS on 19 November 2012.



In that regard, shareholders were advised that Mr Charles Jacobs, a director of Austro and the Chief Executive Officer ("CEO") of Austro (Pty) Ltd. ("Wood"), a subsidiary of Austro, has been dismissed, effective immediately, following the outcome of a disciplinary enquiry.



Until further notice, Mr Jonathan Orde Freed, the managing director of New Way Power (Pty) Ltd., a subsidiary of Austro and sister company of Wood will continue to manage Wood as he has during the period that Mr Jacobs was suspended from his duties.



The board of directors are confident that Jonathan will ensure the enhanced continuation of the business.
19-Nov-2012
(C)
Revenue increased to R417.5 million (R387.1 million).Gross profit declined slightly to R128.2 million (R128.8 million). A net attributable loss of R154.4 million (profit of R6.4 million) was made. In addition, a headline loss of 5.3cps (earnings of 1.6cps) was recorded.



Prospects

The Southern African economic outlook for the industrial sector remains weak. The management teams of the two divisions remain focused on growing revenue out of new African markets.



The management team of the Power division has focused on delivering quality service and products to their customers and the Wood division has focused on expanding product offering into existing markets and deepening the penetration of the tooling and supply business unit into areas not previously covered.
19-Nov-2012
(Official Notice)
Shareholders were referred to the cautionary announcement issued over SENS on 5 October 2012. In that regard, shareholders are advised that Mr Charles Jacobs, a director of Austro and the CEO of Austro (Pty) Ltd. ("Wood"), a subsidiary of Austro, has been suspended from his duties pending the outcome of a disciplinary enquiry. The company expects the enquiry to be concluded timeously and will publish an appropriate announcement at the relevant time.



Mr Jonathan Orde Freed, the managing director of New Way Power (Pty) Ltd., a subsidiary of Austro and sister company of Wood, is currently managing Wood and accordingly operations will continue in the ordinary course of business. The board of directors of Austro are satisfied that there will be no material impact on the business as Wood's management team under the guidance of Jonathan has sufficient expertise and competence to ensure a seamless continuation of that business. Accordingly, shareholders are advised that following the release of this announcement, caution is no longer required to be exercised by shareholders when dealing in their shares.
05-Nov-2012
(Official Notice)
Sshareholders are advised that, for the year ended 31 August 2012, Austro anticipates earnings per share and headline earnings per share to be more than 20% lower compared to the previous year. Some of the major negative variances affecting the comparison include an onerous lease expense in respect of one of the group's premises, an increase in inventory provision and the impairment of goodwill. No additional goodwill impairment is required when compared to the impairment reported in respect of the six months ended 29 February 2012.

*Loss per share between 36.1c and 42.1cps (earnings of 1.5cps)

*Headline loss/earnings per share between 4.9c and 5.7cps (earnings of 1.6cps)



Austro's reviewed condensed results for the year ended 31 August 2012 will be released on SENS at the latest 29 November 2012.
05-Oct-2012
(Official Notice)
Shareholders were advised that there are circumstances relating to the company, the full impact of which is currently being determined and which may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made, alternatively, this cautionary announcement is withdrawn.
03-Aug-2012
(Official Notice)
Shareholders were advised that with effect from 31 August 2012, Tania Le Roux has resigned as acting Group Financial Director of Austro. Tania will however make her services available to the company on a consultancy basis until such time as a suitable replacement is appointed and to ensure a smooth handover to her successor.



The board has embarked on a process of appointing a suitable replacement and expects to make an announcement in this regard in the near future.
02-Aug-2012
(Official Notice)
Notice is hereby given in terms of section 45(5) of the Companies Act that pursuant to the authority granted by shareholders at the AGM held on 25 January 2012, the board of Austro has resolved to provide financial assistance (including by way of loans or guarantees) to entities or persons that are related or inter-related to the company.



Austro will be delivering a copy of this announcement to all shareholders recorded in the register on Friday, 27 July 2012, as written notice of that resolution in compliance with section 45(5) of the Companies Act.
24-May-2012
(C)
Revenue declined to R194.2 million (R202.8 million). Gross profit decreased to R66.9 million (R74.4 million). A net attributable loss of R147.4 million (profit of R4.6 million) was made. In addition, headline a headline loss per share of 3.4c (earnings of 1.1cps) was recorded.



Prospects

The Southern African economic outlook for the industrial sector remains weak and poses a challenge for the group. The management teams of the two divisions remain focused to grow revenue out of new African markets, to increase market share and deliver unrivalled customer service in the sectors in which the group operates. The management team of the wood division has focused on expanding product offering into existing markets and deepening the penetration of the tooling and supply business unit into areas not previously covered.
16-May-2012
(Official Notice)
Accordingly, shareholders are advised that, for the six months ended 29 February 2012, Austro anticipates earnings per share and headline earnings per share to be more than 20% lower compared to the previous corresponding period. Some of the major negative variances affecting the comparison include an onerous lease expense in respect of one of the group's premises; the impairment of goodwill and a higher tax expense due to the Austro Wood (Pty) Ltd. taxable loss and the impact of not raising a deferred tax asset on the taxable loss. Austro's unaudited interim results for the six months ended 29 February 2012 will be released on SENS at the latest 30 May 2012.
30-Nov-2011
(Official Notice)
Shareholders were advised that Austro's annual report, incorporating the audited financial statements for the year ended 31 August 2011, was dispatched to shareholders and contains no changes to the reviewed consolidated financial results which were announced on 17 November 2011. The annual report contains a notice of annual general meeting, which will be held at the offices of the company at 1125 Leader Avenue, Stormill Ext 4, Roodepoort, Gauteng on 25 January 2012 at 10h00.
30-Nov-2011
(Official Notice)
Shareholders are advised that with effect from 29 November 2011, Philip Sigsworth has resigned as Group Financial Director of Austro. The board of Austro thanks Philip for his contribution and wishes him all the best for his future endeavours.
17-Nov-2011
(C)
Revenue decreased to R387.1 million (R401.9 million). Gross profit declined to R128.8 million (R159.3 million) and a loss from operations of R2.8 million (profit of R36.6 million) was made. The net profit for the year declined to R6.4 million (R23.1 million). In addition, headline earnings per share fell to 1.6c (5.2cps).



Outlook

The 2012 year is set to be a year of far greater external focus for both divisions. In the Power division there are firm plans to extend sales to countries outside of South Africa and strategies to generate new sales or cost savings utilising the assets of the former Quad business unit as a more integrated component of New Way.



The Wood division's edging business acquisitions mentioned under subsequent events will contribute to revenue in the coming year, without the addition of significant fixed costs. The division's key account strategy and a number of initiatives designed to increase the relative significance of the tools and service divisions are expected to create a more sustainable base for recurring revenue into future years.



It is evident from the preceding narrative that there were a number of items impacting the group's performance in 2011 that are for the most part unlikely to be repeated and certainly unlikely to be repeated at the same magnitude in 2012. The group is well positioned to take advantage of an economic recovery should one occur as there is considerable surplus operational capacity available in both divisions.
10-Nov-2011
(Official Notice)
Shareholders are advised that, for the year ended 31 August 2011, Austro anticipates earnings per share and headline earnings per share to be between 65% and 75% lower than the previous corresponding period. Some of the major negative variances affecting this comparison include retrenchment costs, a warranty claim, incremental rental costs as a result of the occupation of new buildings, an inventory write-off and provision for a significant potential bad debt. The items specified amount in aggregate to R26.8 million before tax. The annual results announcement will be released on SENS no later than Wednesday, 30 November 2011.
20-May-2011
(C)
Revenue increased from R192.2 million to R202.8 million in 2011.Gross profit decreased to R74.4 million (2010: R79.6 million) and operating loss was recorded at R102 000 (2010: Profit of R19.8 million). Profit attributable to ordinary shareholders decreased to R4.6 million (2010: R12.3 million). Headline earnings per share decreased to 1.10cps (2010: 2.90cps).



Dividend

An interim dividend of 2cps was declared for the period under review.



Prospects

The group is well positioned to take advantage of a general recovery in the economy when it occurs. In November, New Way officially opened new premises in Alberton. The consolidation of various other premises into the Jacoba Street premises gives the Power division a good base from which to operate and take advantage of improving market conditions as the new facility has greater capacity than previous facilities. In addition, during the last six months the management team of the Wood division have focused a great deal of attention on building a meaningful strategy for the coming three years.



This strategy includes expansion into new and complementary markets as well as expanding product offering into existing markets and deepening the penetration of the tooling and supply business unit into areas not previously covered. A number of new key resources have been recruited during this time. As mentioned, there are plans to reduce the group's rent bill through an exit from two leased premises, one in each of the divisions. Management will maintain a focus on the tight control of costs. The wood division has rationalised various administrative functions in the period under review. Finally, the variances pointed out in the May 2011 trading update and reiterated here serve to demonstrate that the performance of the group has been impacted by some non-recurring costs and by the application of rent straight-lining. It is hoped that the second half of the year will more realistically reflect true trading and be less hampered by other factors.
11-May-2011
(Official Notice)
Shareholders are referred to the trading update released on SENS on 29 March 2011 and are advised that there is now a reasonable degree of certainty that the headline earnings per share and earnings per share for the six months ended 28 February 2011 will be between 55% to 65% lower than the headline earnings per share and earnings per share for the six months ended 28 February 2010.



Some of the major negative variances affecting this comparison include the introduction of rent straight-lining in respect of some of the group's leased buildings, incremental rental costs as a result of the occupation of new buildings, an inventory write-off and provision for a significant potential bad debt. The items specified amount in aggregate to R16.4m before tax. The major positive variances softening the negative variances mentioned relate to net interest and taxation. The information on which this trading statement has been based has not yet been reviewed or reported on by the company's auditors.

29-Mar-2011
(Official Notice)
Shareholders are advised that the headline earnings per share and earnings per share for the six months ended 28 February 2011 will be lower than the headline earnings per share and earnings per share for the six months ended 28 February 2010 (the "previous corresponding period") by more than 20%. There is not a reasonable degree of certainty at this stage as to the range, within 20%, by which the headline earnings per share and earnings per share will be lower than those for the previous corresponding period.
17-Mar-2011
(Official Notice)
Shareholders are referred to the announcements released by the company over SENS, the last of which was dated 24 February 2011, and the circular issued to shareholders on 23 February 2011 ("the circular") detailing, inter alia:

*the terms and conditions of a specific repurchase of shares by the company from the Richard Moss Family Trust, Richard Moss' brother Peter Moss and father John Moss (the "sellers") (the "specific repurchase").

*The accompanying conditional put option exercisable by the sellers against David Brouze, a non-executive director of the company.



At the general meeting of Austro shareholders held on Thursday, 17 March 2011 (convened pursuant to the notice of general meeting contained in the circular), all of the resolutions proposed thereat were passed unanimously including the special resolution relating to the specific repurchase. The special resolution will be lodged with the Companies and Intellectual Property Registration Office ("CIPRO") for registration. The specific repurchase remains subject to the special resolution for the specific repurchase being registered by CIPRO. The shares which are the subject of the specific repurchase will be de-listed and cancelled as soon as possible after the special resolution has been registered, which registration is anticipated to be by not later than Monday, 4 April 2011.
03-Mar-2011
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders of Austro held on Tuesday, 1 March 2011, ordinary resolution number 1 in respect of a general authority to issue shares for cash was withdrawn. All of the remaining resolutions were passed by the requisite majority of Austro shareholders.
24-Feb-2011
(Official Notice)
Shareholders are referred to the announcements published over SENS on Tuesday, 14 December 2010 advising shareholders of the proposed specific repurchase of shares from the Richard Moss Family Trust, Richard Moss's brother Peter Moss and father John Moss (the "sellers") (the "transaction") and the accompanying conditional put option exercisable by the sellers against David Brouze, a non- executive director of the company. The circular providing further information on the transaction and containing a notice of general meeting to be held at 09h00 on Thursday, 17 March 2011 at 2 Arnold Road, Rosebank, Johannesburg, was posted to Austro shareholders yesterday.



Salient dates and times

*Circular posted to shareholders on -- Wednesday, 23 February 2011

*Last day to lodge forms of proxy in respect of the general meeting by 09h00 on -- Tuesday, 15 March 2011

*General meeting at 09h00 on -- Thursday, 17 March 2011

*Results of the general meeting released on SENS on -- Thursday, 17 March 2011

*Results of the general meeting published in the press on -- Friday, 18 March 2011

*Shares which are the subject of the specific repurchase to be delisted on or about -- Monday, 4 April 2011



All times indicated are South African times and the abovementioned dates and times are subject to change. Any changes will be announced on SENS.
10-Feb-2011
(Official Notice)
Shareholders are advised that Austro's annual report, incorporating the audited financial statements for the year ended 31 August 2009, was dispatched to shareholders and contains no changes to the reviewed consolidated financial results which were announced on SENS on 22 November 2010. The annual report contains a notice of annual general meeting, which will be held at the offices of the company at 1125 Leader Road, Stormill Ext 4, Roodepoort, Gauteng on 1 March 2011 at 13h00.
04-Feb-2011
(Official Notice)
Shareholders are advised that Mr Charles Jacobs has been appointed as an executive director to the Austro board and Chief Executive Officer - Wood Division, with immediate effect.



14 Dec 2010 16:31:03
(Official Notice)
Shareholders are referred to the announcement published over SENS earlier today (Tuesday, 14 December 2010) advising shareholders of the proposed specific repurchase of shares from the Richard Moss Family Trust, Richard Moss's brother Peter Moss and father John Moss ("the specific repurchases").



Financial effects

The pro forma financial effects of the specific repurchases on Austro's earnings per share, headline earnings per share, net asset value per share and tangible net asset value per share are not material and have not been disclosed.



Withdrawal of cautionary

Shareholders are advised that caution is no longer required to be exercised when dealing in their Austro shares.
14 Dec 2010 09:24:00
(Official Notice)
10 Dec 2010 09:03:12
(Official Notice)
Shareholders are advised that, executive director Mr Richard Moss has resigned from the Austro board and as managing director of the group's wood division, effective 31 December 2010.
22 Nov 2010 15:21:17
(C)
Revenue decreased from R580.5 million to R401.9 million. This was mainly due to the effect of the depressed economy. Gross profit declined to R159.3 million (R236.6 million). Profit from operations decreased by 58.4% to R36.6 million (R88 million) as a result of the sharp reduction in revenues in the Power Division. Net profit for the year slumped to R23.1 million (R43.7 million). In addition, headline earnings per share fell to 5.2cps (10cps).



Dividend

A final ordinary dividend of 2cps has been declared.



Outlook

The group has completed its consolidation process and is attempting to maximise the synergies to be gained from the various divisions. The group has been restructured with all Power interests being housed in one entity, New Way Power (Pty) Ltd and the Wood interests in Austro Wood (Pty) Ltd. In addition in the Power Division the consolidation of its Gauteng operations into one facility in Alberton, which will result in efficiencies in warehousing, manufacturing and logistics, is progressing well. Neptune's Gauteng operation which started operating in late 2008 has increased market share and beginning to produce profits. The restructuring of the Gauteng and KZN operations has placed the Wood Division in a good position to benefit from an upturn in the economy, due to its lower cost and asset base. It is anticipated that market growth will remain relatively flat in the forthcoming year. The Wood Division has identified a range of new products which it will introduce during the course of the year. Cost containment will remain a major focus in 2010/2011.
09 Nov 2010 17:14:40
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 25 October 2010 and are advised that, for the year ended 31 August 2010, Austro now anticipates earnings per share and headline earnings per share to be between 45% and 55% lower than the previous corresponding period and not 50% and 70% lower as previously disclosed. The annual results announcement will be released on SENS no later than Monday, 22 November 2010.
25 Oct 2010 15:14:34
(Official Notice)
Shareholders are advised that, for the year ended 31 August 2010, Austro anticipates earnings per share and headline earnings per share to be between 50% and 70% lower than the previous corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by Austro's auditors. The annual results announcement will be released on SENS no later than Monday, 22 November 2010.
24 Aug 2010 17:51:42
(Official Notice)
Shareholders were advised that Mr Philip Sigsworth has been appointed to the position of group financial director of Austro with immediate effect. Philip will assume his role as financial director by not later than 1 December 2010.
15 Jul 2010 16:38:42
(Official Notice)
Shareholders are advised that, group financial director Mr James Bennie has resigned from the Austro board, effective 31 August 2010, to take up an opportunity overseas.
15 Jul 2010 09:37:14
(Media Comment)
According to The Financial Mail, Austro does not look like it is in great shape as its it has and overdraft of R69 million and saw its turnover slump by almost half. However, Shawn Stockigt, the manager of the Stanlib Small Cap Fund, thinks the company could be a good long-term bet, because Austro's share price is only 53c whereas its NAV is 73cps.
11 Jun 2010 10:55:16
(Official Notice)
19 May 2010 17:24:08
(C)
Revenue decreased from R315.4 million to R192.2 million in 2010.Gross profit decreased to R79.5 million (2009:R132.8 million) and operating profit decreased to R19.8 million (2009:R43.9 million). Profit attributable to ordinary shareholders decreased to R12.3 million (R25.0 million). Headline earnings on a per share basis decreased to 2.90cps (5.70cps).



Dividends per share

An interim dividend of 2cps was declared for the period under review.



Prospects

The group has completed its consolidation process and is attempting to maximise the synergies to be gained from the various divisions. The group has been restructured with all power interests being housed in one entity, New Way Power (Pty) Ltd and the Wood interests in Austro Wood (Pty) Ltd. In addition the Power Division is in the process of consolidating four of its Gauteng operations into one facility in Alberton which will result in efficiencies in warehousing, manufacturing and logistics. Neptune's Gauteng operation which started operating in late 2008 is increasing market share and beginning to produce profits. The restructuring of the Gauteng and KZN operations has placed the Wood Division in a good position to benefit from an upturn in the economy and the order book in the Power Division has improved.
20 Apr 2010 11:59:07
(Official Notice)
Shareholders are advised that, for the six months ended 28 February 2010, Austro anticipates earnings per share and headline earnings per share to be between 35% and 55% lower than the previous corresponding period.
02 Mar 2010 15:44:32
(Official Notice)
Shareholders were advised that, at the annual general meeting of shareholders of Austro held on Tuesday, 2 March 2010, ordinary resolution number one in respect of a general authority to issue shares for cash was withdrawn. All of the remaining resolutions were passed by the requisite majority of Austro shareholders.
10 Feb 2010 16:44:33
(Official Notice)
Shareholders are advised that Austro's annual report, incorporating the audited financial statements for the year ended 31 August 2009, was dispatched on Monday, 8 February 2010 and contains no changes to the reviewed consolidated financial results which were announced on SENS on 11 November 2009. The annual report contains a notice of annual general meeting, which will be held at the offices of the company at 1125 Leader Road, Stormill Ext 4, Roodepoort, Gauteng on 2 March 2010 at 10h00.
22 Jan 2010 14:10:38
(Official Notice)
Shareholders are advised that, non-executive director Mr Walter Hauser has resigned from the Austro board, effective 31 January 2010.
11 Nov 2009 16:47:11
(C)
Revenue has declined to R581 million (2008: R715.1 million). Operating profit decreased to R88 million (2008: R155 million),and net attributable profit for the year R44 million (2008: R112 million). In addition, headline earnings per share fell to 10cps (2008: 25.9cps).



Dividend

An ordinary dividend of 2cps has been declared.





Changes to the board

The following directors were appointed to strengthen the board of directors.

The executive directors appointed were:

* JA Bennie as group financial director

*JR Freed as alternate to JO Freed

* RE Moss as executive director



The non-executive directors appointed were:

* GS Nzalo (member of the audit committee).

*U Schackermann (chairman of the audit committee)



During the year the following directors resigned from the board of directors:

*NO Davies as non-executive director and then acting CEO

*BD Downs as executive director

*RJ Friese as CEO

*M Petzer as financial director



Prospects

The group delivered moderate results considering the effect of the depressed economy on the woodworking division and the significant management changes and restructuring that occurred during the year. Demand for the products supplied by the power division remained reasonable.



The group is currently in a consolidation phase and is attempting to maximise the synergies to be gained from the various divisions. The group has been restructured with all power interests being housed in one entity, New Way Power (Pty) Ltd and the Wood interests in Austro Wood (Pty) Ltd. This is expected to result in more efficiencies, greater focus and lower costs.
02 Nov 2009 17:33:45
(Official Notice)
Mr Gordon Sipho Nzalo has been appointed as an independent non-executive director to the Austro board and a member of the audit committee, with effect from 29 October 2009.
16 Oct 2009 16:38:10
(Official Notice)
Shareholders are advised that, for the year ended 31 August 2009, Austro anticipates earnings per share and headline earnings per share to be between 60% and 80% lower than the previous corresponding period. The financial information on which this trading statement is based has not been audited or reviewed by Austro's auditors. The annual financial results announcement will be released on SENS no later than 13 November 2009.
31 Jul 2009 13:50:08
(Official Notice)
Mr N O Davies has fulfilled his contract as acting CEO of Austro. As he has reached the mandatory age for retirement he retires from the Austro board. Mr Richard Moss, the former managing director of the group subsidiary Gearing Moss Supplies has been appointed to the Austro board as an executive director. Mr Moss has been appointed managing director of the newly formed Austro Wood company which will house the group's wood interests. This company will be chaired by group chairman Mr Tony Phillips and Mr Brian Downs has been appointed executive deputy chairman. Mr Downs is an experienced executive who has had a long career in the wood industry. He relinquishes his seat on the Austro board to rectify the balance between executive and non executive directors. To further strengthen the board Mr Ulrich Schackerman has been appointed as an independent non-executive director. The group will be managed by Mr Richard Moss and Mr Jonathan Freed.
08 Jun 2009 14:00:02
(Official Notice)
Mark Petzer, the current financial director of the group, has resigned from the board in order to further his career at a major mining group in South Africa. There will be a handover period to the new incumbent and Mark will leave the group effective on or before the 30 June 2009, depending on the extent of the hand over period.



James Bennie will join Austro, with effect from the 8 June 2009, as the group's new financial director designate. James is a qualified (CA) SA, having completed his articles at Deloitte. Post his articles, he spent two years at the South African Revenue Services before joining the Barloworld Group. He held the position of FD for the retail motor operation of Barloworld before being transferred to the USA to take up his final position there as the CFO of Barloworld Truck Centre Inc. He recently returned to South Africa after the sale of this operation by Barloworld.
15 May 2009 12:00:50
(C)
Revenue increased by 15% from R274 million to R315 million. This was mainly driven by the group's Power Division due to acquisitions and a healthy demand in the alternative power supply industry. Operating profit decreased by 32% to R43 million (2008: R63 million), as a result of the sharp reduction in Wood's revenue without a corresponding reduction in the fixed overhead structure, as well as tougher trading conditions throughout the group. Operating profit was further impacted by foreign exchange losses of R12 million during the current period. Earnings per share decreased to 5.8c per share (2008: 11.0c per share), while headline earnings per share decreased to 5.7c per share (2008: 10.9c per share).



Dividend

It is the group's policy to pay a dividend at the end of the financial year.



Prospects

The group is taking a conservative approach due to the current economic climate. It will concentrate on ensuring that Wood remains profitable in spite of a further expected decrease in revenues. This will be achieved by reducing overheads and increasing efficiencies. The outlook for Power is more positive. It is well positioned to take advantage of infrastructure expenditure, with the World Cup activity set to have a particularly positive effect. New Way is consolidating its operations, at present housed in four separate facilities, which will result in efficiencies in warehousing, manufacturing and logistics. Quad's new facilities should help it to considerably increase its revenue. Neptune's Gauteng operation is starting to generate interest in the generator rental market and should replicate the success of the Cape operation. Quinlec, the Durban rental operation, has shown signs of recovery and should increase its share of the KwaZulu-Natal market. The group is mindful of the volatile environment in which it operates, but is confident that with conservative policies it will show modest improvement in the short term until markets normalise, when it should be well positioned to take full advantage of this situation.
06 May 2009 08:46:56
(Official Notice)
Shareholders are advised that, for the six months ending 28 February 2009, Austro anticipates headline earnings per share and earnings per share to be between 40% and 60% lower than the previous corresponding period. In the previous interim financial period, headline earnings was 10.9 cents per share and earnings was 11.0 cents per share. The main reason for the decrease is due to the extremely negative impact the current economic downturn had on the woodworking division. The interim financial results announcement will be released on SENS on or around 11 May 2009.
13 Mar 2009 10:00:17
(Official Notice)
Shareholders are advised that the CEO of Austro group, Robert Friese, has resigned for personal reasons. His resignation will be effective from 31 March 2009. Neill Davies, a non-executive director of the group, will become the acting chief executive officer until a suitable candidate has been found.
04 Mar 2009 16:07:54
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders of Austro held on Wednesday, 4 March 2009 (in terms of the notice of annual general meeting contained in the Austro annual report issued on 9 February 2009) all of the resolutions were passed by the requisite majority of Austro shareholders.
09 Feb 2009 10:52:13
(Official Notice)
Shareholders are advised that Austro's annual report, incorporating the audited financial statements for the year ended 31 August 2008, was dispatched and contains no changes to the audited results which were announced on SENS on 19 November 2008. The annual report contains a notice of annual general meeting, which will be held at the offices of the company at 1125 Leader Road, Stormill Ext 4, Roodepoort, Gauteng on 4 March 2009 at 10:00.
19 Nov 2008 12:17:13
(C)
Revenue more than doubled from R279 million to R715.1 million. Operating profit doubled to R154.6 million (R73.2 million), mainly due to robust growth from New Way, the group's established generator, diesel engine and related components supplier and net attributable profit for the year rose by more than 100% to R112 million (R53.9 million). In addition, headline earnings per share almost doubled to 25.9cps (14.2cps).



Dividend

A maiden ordinary dividend of 2cps has been declared.



Prospects

The group has managed to develop its business to that of a leading provider of professional and branded equipment to fast-growing corporate, industrial and infrastructure sectors. In the new year, it is the intention to consolidate its acquisitions and to grow its organic base.



Over the next few months, the Power division will consolidate its four New Way operations into one operation to increase efficiencies in manufacturing, warehousing and handling. It will also focus on continuing to expand its rental power business on a national basis to increase applications that are unrelated to power cuts, such as generators for the construction and entertainment industry, refrigeration and farming. Power will serve the KwaZulu-Natal region through Quinlec, which manufactures generators using internally supplied components for both local sales and rentals. Synergies within Power will further be improved by Quad, which will manufacture panels and canopies for the division.



Wood is confident of growth, as the sectors it services continue to show robustness, especially the infrastructure sector where many of the current projects such as hotels, Gautrain related infrastructure, offices, airports and stadiums will near completion. The division's products are mainly used in the last phase of construction when joinery, office furniture, kitchens, shopfitting and finishing work take place. In the coming year, Wood will continue to focus on growing the Tooling division, strengthening the Finance - Insurance offering and the continuation of strong marketing activities - all of which will focus on gaining market share at solid margins.



Management is confident of continued strong group earnings growth in the next year, as well as over the long term.
11 Nov 2008 16:54:18
(Official Notice)
Shareholders are advised that, for the year ending 31 August 2008, the company anticipates headline earnings per share to be between 70% and 90% higher and earnings per share to be between 50% and 70% higher than the previous corresponding period. The annual financial results announcement will be released on SENS on or about 18 November 2008.
29 Aug 2008 16:45:39
(Official Notice)
Shareholders are advised of the following changes to the board of directors of Austro, effective immediately: Tony Phillips has been appointed as non-executive Chairman on the board; Neill Davies has been appointed as non-executive director on the board; Mark Petzer has been appointed as executive director on the board of Austro, taking on the role as Financial Director of the group; Daniel Rothlisberger, the founder and current managing director of Austro has resigned from the board and Richard Jonah has also tendered his resignation with immediate effect.
14 May 2008 11:06:38
(C)
The 189.0% growth in revenue from R94.8 million to R273.9 million was driven by unparalleled demand in the alternative power supply industry as well as constant demand in the construction and allied sectors. Net profit after taxation for the current period increased by 257.2%, from R13.1 million to R46.7 million. New Way, the most significant contributor, has continued to embed itself as a key link in the generator, diesel engine and related components supply chain. Earnings per share of 11.0 cents exceeded the prior year comparative period of 4.2 cents by 159.9%, while headline earnings per share of 10.9 cents exceeded prior year comparative period of 3.9 cents by 181.2%.



Dividend

No dividend has been declared for the current period.



Prospects

The environment in which the Austro Group operates remains extremely favourable. Regular power outages and the demand for alternative and standby power continue to drive the generator business, with daily increases in sales and rapidly growing order books throughout the divisions. Uncertainty relating to the future supply of power has resulted in most of corporate South Africa taking the necessary precautions of investing in standby power. Scope of supply remains broad based, from up-market residential to some of the largest industrial groups. Although the largest market remains the industrial and corporate sectors, standby power for many establishments, including hospitals, hotels, shopping centres, airports, manufacturers, food processing plants, IT providers and banks, to mention just a few, has become non-negotiable.
04 Apr 2008 15:39:51
(Official Notice)
Shareholders are advised that, for the 6 months ending 29 February 2008, the company anticipates headline earnings per share to be between 180% and 200% higher and earnings per share to be between 160% and 180% higher than the previous corresponding period. The interim results announcement will be released on SENS by no later than 31 May 2008.
27 Feb 2008 18:16:15
(Official Notice)
Shareholders are advised that Austro's annual report, incorporating the audited financial statements for the year ended 31 August 2007, was dispatched today and contains no changes to the audited results which were announced on SENS on 21 November 2007. The annual report contains a notice of annual general meeting, which will be held at the offices of the company at 1125 Leader Road, Stormill Ext 4, Roodepoort, Gauteng on 27 March 2008 at 10h00.
09-May-2018
(X)
enX is the holding company of various operating subsidiaries and is listed on the JSE under the Industrial machinery sub-sector of the industrial engineering sector.



enX is an industrial energy and supplies group that provides quality branded power, fuel and chemical products and in some segments, locally manufactured capital and consumable goods and support services, to a broad range of economic sectors in South Africa and sub-Saharan Africa. During the 2017 financial year enX purchased the EIE and EFML divisions from eXtract (Eqstra transaction). These additions added the provision of capital equipment and related value-added services to clients in industrial and commercial sectors in South Africa, rest of Africa, UK and Ireland to its core business. Value was created for clients by providing equipment and services which are critical?to their operations. Value was created in enX through its ability to extract optimal value from each?revenue-generating and trading asset at each point in its lifecycle.



The group comprises the following segments:

*enX Equipment;

*enX Fleet;?and

*enX Petrochemicals


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