|Shareholders are advised that the Company is in negotiations to purchase the remaining shareholdings not already held by its wholly-owned subsidiary, Golden Arrow Bus Services (Pty) Ltd. ("GABS"), in Sibanye Bus Services (Pty) Ltd. ("Sibanye") and Table Bay Area Rapid Transport (Pty) Ltd. ("TBRT"), with a view to expanding HPLR?s interest in its bus and transport operations in the Western Cape. GABS currently holds one third of the issued shares of Sibanye and 50.06% of the issued shares in TBRT.|
GABS has approached the remaining shareholders of Sibanye and TBRT in this regard. While the purchase considerations to acquire the various shareholdings in Sibanye and TBRT are still to be finally agreed, HPLR anticipates that, should all acquisitions proceed and such purchase amounts be aggregated, they would result in these acquisitions, between them, qualifying as a category 2 transaction by the Company under the JSE Listings Requirements.
While negotiations are still at an early stage and the acquisition of some or all of these shareholdings may not proceed, the Company nevertheless considers it prudent to inform shareholders of the potential transactions.
Shareholders are advised that the above negotiations, 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.
|In terms of paragraph 3.4(b)(i) of the JSE Limited ("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 results of the previous corresponding reporting period.|
HPLR is in the process of finalising its interim results for the six months ended 30 September 2018. These will be the first interim results published by the Company following its listing during April 2018.
Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report earnings per share ("EPS") and headline earnings per share ("HEPS") of between 24 and 28 cents for the six months ended 30 September 2018. The EPS and HEPS calculations are based on a weighted number of shares in issue of 290 000 000.
HPLR was dormant at its previous comparative reporting period, being 30 September 2017 (prior to listing on the JSE), and as a result the Company reported no earnings or headline earnings during the six months ended 30 September 2017. For further information regarding the restructuring of HPLR in anticipation of the listing, kindly refer to the Company?s pre-listing statement dated 15 March 2018, as available on HPLR?s website at www.hplr.co.za or may be requested by emailing firstname.lastname@example.org.
The Company expects to release its financial results for the six months ended 30 September 2018 on or about 21 November 2018. The above financial information is the responsibility of the directors and has not been reviewed or reported on by the Company?s external auditors.
|Shareholders are hereby advised that at the annual general meeting of the company held at 11:00 today, Monday, 22 October 2018 at the offices of Hosken Consolidated Investments, Suite 801, 76 Regent Road, Sea Point (?AGM?), all of the resolutions were passed by the requisite majorities of the company?s shareholders.|
|Notice is hereby given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.hplr.co.za.|
|The board of directors of the company (?board?) advised that, on Tuesday, 12 June 2018, Mr Yunis Shaik resigned as chairperson of the board?s remuneration committee (?Remuneration Committee?) and that, on Tuesday, 12 June 2018, Mr Kevin Govender was appointed to succeed Mr Shaik as chairperson of the Remuneration Committee. Mr Yunis Shaik continues to serve on the board.|
|The following results are the company's maiden final results. Revenue came to R1.8 billion whilst EBITDA was R454.1 million. Profit attributable to equity holders of R235.9 million was recorded. Furthermore, headline earnings per share were 81.15cps. |
The directors have not declared a final dividend for the full year, as dividends of R131.9 million were declared and paid to shareholders from income reserves in November 2017. In addition, a dividend of R649.8 million was paid out to Shareholders on 1 February 2018, as part of the restructure and capitalisation of the Group. In future, the Company aims, in line with the dividend policy disclosed in its pre-listing statement dated 15 March 2018, to declare and pay 50% of its annual profit after tax as a dividend to shareholders, subject to working capital requirements and capital expenditure required for expansion and maintenance.
|HPLR is in the process of finalising its financial results for the year ended 31 March 2018. These will be the Company?s maiden results as a JSE listed company.|
Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report earnings per share (?EPS?) and headline earnings per share (?HEPS?) of between 74 and 88 cents for the year ended 31 March 2018. The EPS and HEPS calculations are based on a weighted number of shares in issue of 290 000 000.
HPLR was dormant at its previous year-end, being 31 March 2017 (prior to listing on the JSE), and as a result the Company reported no earnings or headline earnings during the year ended 31 March 2017. For further information regarding the restructuring of HPLR in anticipation of the listing, kindly refer to the Company?s pre-listing statement dated 15 March 2018, as available on HPLR?s website at www.hplr.co.za.
The Company expects to release its financial results for the year ended 31 March 2018 on or about 23 May 2018. The above financial information is the responsibility of the directors and has not been reviewed or reported on by the Company?s external auditors.
|HPLR is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The current portfolio is rooted in the commuter bus and luxury coach segments. Through its principal subsidiary Golden Arrow Bus Services, with over 157 years of proven operational expertise, the Company aims to harness the combined institutional knowledge and skills sets to pursue further prospects in bus and coach operations and potential entr?es into freight, rail and logistics operations.|