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07-Nov-2018
(Official Notice)
Shareholders are advised that Gunter Engling, the managing director of Huge Telecom, has resigned with effect from 6 November 2018. Robert (Rob) Burger, the financial director of Huge Telecom, has been appointed acting managing director.



Huge Telecom is a wholly owned subsidiary of Huge Group. The board of Huge Group, through its Nomination Committee, will commence a process of identifying a suitable candidate for Mr Engling?s replacement and shareholders will be updated accordingly.
18-Sep-2018
(Official Notice)
Shareholders are referred to the renewals of the cautionary announcement, the last of which was dated 6 August 2018 and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
30-Aug-2018
(Official Notice)
Shareholders are advised that at the Annual General Meeting of Huge shareholders held today, 30 August 2018, all the ordinary and special resolutions proposed thereat, were approved by the requisite majority of votes.
06-Aug-2018
(Official Notice)
Shareholders are referred to the renewals of the cautionary announcement, the last of which was dated 25 June 2018 and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
31-Jul-2018
(Official Notice)
Robert (Rob) Burger has been appointed as Financial Director of Huge Telecom (Pty) Ltd. (Huge Telecom) with effect from 1 August 2018. Huge Telecom is a 100% subsidiary of Huge.
20-Jul-2018
(Official Notice)
In accordance with Appendix 1 to Section 11 of the JSE Listings Requirements, notice is given that the Company?s Annual Compliance Report, in terms of section 13G(2) of the Act, is available on the Company?s website: www.hugegroup.com.
02-Jul-2018
(Official Notice)
The following changes have been made in these abridged results as compared to the reviewed condensed consolidated financial results for the period ended 28 February 2018 (provisional results) released on SENS on 31 May 2018:



Change to Statement of Financial Position

Reclassification of the current and non-current split in interest bearing liabilities Interest-bearing loans in an amount of R4 176 000, classified as a non-current liability in the provisional results, have, on reassessment, been classified as a current liability.



Changes to the Statement of Cash Flows

Correction of Equity Component of Subscription Consideration

The equity component of the Subscription Consideration of ConnectNet, an amount of R151 250 000, was initially included under Financing Activities on the Statement of Cash Flows and has subsequently been corrected.



Reclassification of the Deferred Expenditure to Property, plant and equipment

The movement of Deferred Expenditure was initially classified as a component of working capital movements and has subsequently been reclassified under investing activities as part of Plant, property and equipment.



Reclassification of various non-cash movements

There were various non-cash movements of an immaterial nature resulting from the business combinations, which were reclassified from operating activities to financing activities and investing activities.



Notice of annual general meeting

The annual general meeting of the shareholders of the company will be held at 10h00 on Thursday, 30 August 2018 at the offices of Huge, Unit 6, 1 Melrose Boulevard, Melrose Arch, Johannesburg. The notice of annual general meeting forms part of the 2018 Integrated Report, which will be distributed to shareholders registered as such on Friday, 22 June 2018, and published on the website of the company, today, 29 June 2018. In terms of section 62(3)(a), as read with section 59 of the Companies Act 71 of 2008 (as amended), the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 24 August 2018. Accordingly, the last day to trade in the company's shares in order to be recorded in the register of shareholder entitled to vote will be Tuesday, 21 August 2018.
25-Jun-2018
(Official Notice)
Shareholders are referred to the renewals of the cautionary announcements, the last of which was dated 14 May 2018, and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category two transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
31-May-2018
(C)
14-May-2018
(Official Notice)
Shareholders are referred to the renewals of the cautionary announcements, the last of which was dated 27 March 2018, and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement is made.
11-May-2018
(Official Notice)
In terms of paragraph 3.4(b) of the JSE Listings Requirements, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results to be reported upon next will differ by at least 20% from the financial results for the corresponding period in the prior year.



Huge is in the process of preparing its financial results for the twelve months ended 28 February 2018.



Shareholders are accordingly advised that a reasonable degree of certainty exists that the Company?s results will reflect an increase in earnings per share (EPS) and headline earnings per share (HEPS) of between 65% to 85%, when compared to the EPS and HEPS of 26.30 cents per share for the prior comparative period, resulting in an EPS and HEPS of between 43.40 and 48.66 cents per share.



This trading statement has not been reviewed or reported on by the Company?s external auditors.
03-Apr-2018
(Official Notice)
Huge announces that its shares have been approved for inclusion in the list of qualifying equity securities to be traded on A2X with effect from 10 April 2018 (the ?A2X listing date?).



Huge will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X. Huge shares will be available to be traded on both the JSE and A2X from the A2X listing date.



Huge is excited to be listing on A2X. We look forward to realising the benefits that competition in the financial markets and a secondary listing on A2X is expected to bring. The listing on A2X will have a negligible impact on the Company?s costs and administration.



A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the Financial Services Board in terms of the Financial Markets Act.

27-Mar-2018
(Official Notice)
Shareholders are referred to the renewals of the cautionary announcements, dated 29 December 2017 and 12 February 2018, and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement is made.
12-Feb-2018
(Official Notice)
Shareholders are referred to the renewal of the cautionary announcement, dated 29 December 2017, and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.

29-Dec-2017
(Official Notice)
Shareholders are referred to the renewal of the cautionary announcement, dated 15 November 2017, and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.

30-Nov-2017
(C)
28-Nov-2017
(Official Notice)
Gunter Engling has been appointed as Managing Director of Huge Telecom and his appointment will take effect when he joins Huge Telecom on 1 April 2018 after he has served his notice period with MTN.
20-Nov-2017
(Official Notice)
Huge is in the process of preparing its financial results for the six months ended 31 August 2017.



Shareholders are accordingly advised that a reasonable degree of certainty exists that the Company?s results will reflect an increase in earnings per share (?EPS?) of between 60% to 80% and an increase in headline earnings per share (?HEPS?) of between 80% to 100%, when compared to the EPS and HEPS of 10.05 cents per share for the prior comparative period, resulting in an EPS of between 16.08 and 18.09 cents per share and a HEPS of between 18.08 and 20.09 cents per share.



This trading statement has not been reviewed or reported on by the Company?s external auditors.

15-Nov-2017
(Official Notice)
Shareholders are referred to the renewal of the cautionary announcement, dated 4 October 2017, and are advised that Huge remains in discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.

23-Oct-2017
(Official Notice)
Following recent appointments to the board of directors (?Board?) and in accordance with the requirements of the JSE Listings Requirements, shareholders are advised that the board has made changes to the constitution of its board committees (?Committees?).



The changes to the Committees take into account the unique skills and experience of each director and align the board with the recommendations of the King IV Code on Corporate Governance.



Following implementation of the abovementioned changes, the Committees will be constituted as follows:



Audit committee: Dennis Gammie (Chairman), Stephen Tredoux, Craig Lyons



Nomination committee: Dennis Gammie (Chairman), Brian Armstrong, Craig Lyons



Social and ethics committee: Stephen Tredoux (Chairman), Karen Robinson, Vincent Mokholo, Zunaid Bulbulia



Risk committee: Dennis Gammie (Chairman), Duarte da Silva, Stephen Tredoux, Brian Armstrong



Remuneration committee: Duarte da Silva (Chairman), Dennis Gammie, Vincent Mokholo



Investment committee: Duarte da Silva (Chairman), James Herbst, Zunaid Bulbulia, Craig Lyons

04-Oct-2017
(Official Notice)
Shareholders are referred to the renewal of the cautionary announcement, dated 22 August 2017, and are advised that Huge remains in exclusive discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.
22-Sep-2017
(Official Notice)
Further to the announcement released on SENS on 20 September 2017, the Company wishes to clarify that it expects both earnings per share (?EPS?) and headline earnings per share (?HEPS?) to be no less than 12.06 cents, representing a minimum increase of 20% when compared to the EPS and HEPS of 10.05 cents for the prior comparative period.



Huge will publish a further trading statement as soon as it is able to provide precise guidance in respect of the expected increase in both EPS and HEPS.
20-Sep-2017
(Official Notice)
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results to be reported upon next will differ by at least 20%, from the financial results for the corresponding period in the prior year. Huge is in the process of preparing its financial results for the six months ended 31 August 2017.



Shareholders are accordingly advised that a reasonable degree of certainty exists that there will be an increase in both basic earnings per share and headline earnings per share of no less than 20% when compared to the corresponding period in the prior year, being the six months ended 31 August 2016.



Huge will publish a further trading statement as soon as it is able to provide precise guidance in respect of the expected increase in both EPS and HEPS. This trading statement has not been reviewed or reported on by the Company?s external auditors.
04-Sep-2017
(Official Notice)
Shareholders are advised that Dr Brian Armstrong has been appointed to the Board as an independent non-executive director, with effect from 1 September 2017.
31-Aug-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of Huge shareholders held on Thursday, 31 August 2017, all the ordinary and special resolutions proposed thereat, were approved by the requisite majority of votes.

30-Aug-2017
(Official Notice)
Further to the SENS announcement dated 22 May 2017, and in terms of paragraph 3.59 of the Listing Requirements of the JSE Ltd., shareholders are advised that Karen Robinson has, with effect from 1 September 2017, been appointed as Company Secretary of Huge.
22-Aug-2017
(Official Notice)
Shareholders are referred to the cautionary announcement, dated 10 July 2017, and are advised that Huge remains in exclusive discussions in respect of potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.
11-Aug-2017
(Official Notice)
31-Jul-2017
(Official Notice)
The JSE wishes to advise shareholders that Huge?s challenge to the JSE?s decision finding that Huge had to restate its AFS for 2010, 2011 and 2012 pursuant to breaches of IFRS was dismissed with costs by the High Court on 21 July 2017. The JSE?s decision directing Huge to restate its AFS for the years 2010, 2011 and 2012 therefore stands and must be given effect to.



In terms of Court Rules 49(1)(b) and 49(11), read with section 18 of the Superior Court Act 10 of 2013, Huge has 15 court days from the 21st of July 2017 to note an application for leave to appeal against the High Court judgment which, if filed, will suspend the court order pending the outcome of such application and, if leave is granted, the outcome of the appeal.
10-Jul-2017
(Official Notice)
Shareholders are advised that Huge has engaged in exclusive discussions regarding potential strategic acquisitions which, if pursued, would constitute, on an aggregated basis, a category 2 transaction. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.

04-Jul-2017
(Media Comment)
Business Day highlighted that Huge Group is eyeing cross-selling opportunities with its recent acquisition of Connectnet Broadband Wireless and its subsidiary, Sainet Internet. The group could also use Connectnet's relationship in some parts of Africa to expand into those markets.Connectnet and Sainet Internet provide Huge with entry into the data telecommunications and mobile payments markets and an opportunity to participate in the expected explosive growth of the internet as it transforms from being a source of information to one focused on value and its movement.
04-Jul-2017
(Official Notice)
The board of directors of Huge (the ?board?) announced the appointment of Mr Craig Lyons as an Independent Non-Executive Director with effect from 3 July 2017.



The board further advises shareholders that Mr Anton Daniel Potgieter (?Anton?) has resigned as a director of Huge and its subsidiaries with effect from 3 July 2017. Anton founded TelePassport in 1993, which was rebranded as Huge Telecom and became the principal subsidiary of the Group on its listing in 2007. Anton served Huge after listing as Chief Executive Officer and then Executive Chairman, before becoming a non-executive director. Anton is currently a shareholder of Huge and given this shareholding in Huge is not regarded as independent. Consequently, Anton?s resignation at this point in time significantly assists the board in achieving Huge?s compliance with the King IV code, which requires the majority of the non-executive directors on the board to be independent.
28-Jun-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on Friday, 23 June 2017 informing shareholders of the posting of the 2017 Integrated Annual Report. Shareholders are hereby advised that the posting of the 2017 Integrated Annual Report was delayed and same was posted on 27 June 2017.



23-Jun-2017
(Official Notice)
Shareholders are referred to the SENS announcement released on SENS on 1 June 2017, relating to the issue of the 2017 Integrated Annual Report, and are advised that the 2017 Integrated Annual Report will be posted on Friday, 23 June 2017 to shareholders registered as such on Thursday, 15 June 2017.



The 2017 Integrated Annual Report is available on the company?s website: www.hugegroup.com.



No change statement

There are no modifications to the reviewed provisional financial results for the year ended 28 February 2017 which were published on SENS on 23 May 2017.



Notice of general meeting

Notice is hereby given that the annual general meeting of shareholders will be held on Thursday, 31 August 2017 in the Woody Woods Boardroom, 146a Kelvin Drive, Woodmead, 2191 at 10:00 (?AGM?).



The salient dates and times relating to the AGM are set out below:

*Last day to trade in order to be eligible to participate and vote at the general meeting - Tuesday, 22 August 2017

*General meeting record date (for voting purposes) - Friday, 25 August 2017

*Results of the general meeting released on SENS on or about - Thursday, 31 August 2017



The above dates and times are subject to change. Any such change will be released on SENS.

06-Jun-2017
(Official Notice)
Shareholders are hereby advised that the company has entered into an agreement (?the Agreement?) in terms of which Huge shall acquire 75% of the issued share capital of Accknowledge Systems (Pty) Ltd. (?Accknowledge?) for a purchase consideration of R3 750 000, to be settled by the issue of 468 750 new Huge shares (?the Transaction?) at an issue price of R8.00 per Huge share.



Accknowledge develops, maintains and supplies the WebAccounting Accounting Software Suite (?WebAccounting? or ?the Accounting Software?). The accounting software is developed locally in South Africa and was released to the market in 2005. Huge has been using WebAccounting to keep its accounting books and records since 2008. WebAccounting is a critical piece of software technology for Huge Telecom (Pty) Ltd. (?Huge Telecom?), a subsidiary company of Huge. Huge Telecom?s billing and rating engine, HIVE, and WebAccounting are integrated pieces of software. The directors are of the view that owning Accknoweldge is not only important for controlling this proprietary intellectual property, which is central to Huges? Back Office functions, but also because it will be more cost effective than acquiring and customising a third party product.



James Herbst (?the Director?), an executive director of Huge, holds 13.354% of the ordinary shares of Accknowledge and is accordingly one of the sellers in terms of the agreement. As a consequence, the director will receive 62 598 Huge ordinary shares when the transaction is implemented. The consideration ratio in relation to the aggregated related party aspects of the Transaction is below 0.25% and as such the transaction is not considered a related party transaction. In addition, neither the director nor any of his associates have entered into any related party transactions with Huge in the last twelve months.



The transaction creates an obligation to make the necessary disclosures in terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Ltd. in terms of directors? dealings announcements.







01-Jun-2017
(Official Notice)
The board of directors of the company (the Board) advises that Mr David (?Dave?) Deetlefs has resigned as a director of Huge and its subsidiaries with effect from 31 May 2017.

01-Jun-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 23 May 2017, containing inter alia, the ?Reviewed Provisional Annual Financial Results for the year ended 28 February 2017?, the issue date of the 2017 Integrated Report and the date of the annual general meeting of the Company for the year ended 28 February 2017 (?AGM?), and are advised that:

? it is expected that the 2017 Integrated Report will be issued on or about 9 June 2017; and

? the AGM will be held at 10:00 on Thursday, 24 August 2017, at the offices of the Company, First Floor, 3M Building, 146a Kelvin Drive, Woodmead, Johannesburg.
23-May-2017
(C)
Total revenue for the year increased to R246 million (2016: R216.5 million). Gross profit rose to R118.6 million (2016: R88.2 million), operating profit climbed to R42.2 million (2016: R23 million), while net profit attributable to owners of the company jumped to R26.6 million (2016: R18.8 million). Furthermore, headline earnings per share grew to 26.3 cents per share (2016: 18.51 cents per share).



Dividend

No dividends were declared during the year under review.



Annual general meeting

The annual general meeting of the shareholders of the Company will be held at 10:00am on Wednesday, 16 August 2017 at the offices of Huge Group, Woody Woods, First Floor, 3M Building, 146a Kelvin Drive, Woodmead. The notice of annual general meeting forms part of the 2017 Integrated Report, to be posted to shareholders on or before 31 May 2017. In terms of section 62(3)(a), as read with section 59 of the Companies Act (Act 71 of 2008), as amended, the record date for purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday 11 August 2017. Accordingly, the last day to trade in the Company?s shares in order to be recorded in the Register to be entitled to vote will be Monday, 7 August 2017.



22-May-2017
(Official Notice)
The board of directors of the company (the board) advised that Mrs Jean Tyndale-Biscoe has resigned as company secretary with effect from 15 June 2017.



The board is in the process of making arrangements for the replacement of Mrs Tyndale-Biscoe and will publish a further announcement in this regard as soon as possible.
19-May-2017
(Official Notice)
Huge is in the process of preparing its financial results for the year ended 28 February 2017.



Shareholders are accordingly advised that a reasonable degree of certainty exists that the earnings per share before acquisition costs relating to the acquisition of Connectnet Broadband Wireless (Pty) Ltd. (details of which are contained in the SENS announcement dated 26 May 2016) will be between 51% and 62% higher (between 28 and 30 cents per share) when compared to earnings per share before acquisition costs for the year ended 29 February 2016 of 18.55 cents per share.



Shareholders are further advised that a reasonable degree of certainty exists that basic earnings per share and headline earnings per share will be between 35% and 46% (between 25 and 27 cents per share) when compared to the earnings per share and headline earnings per share for the year ended 29 February 2016 of 18.55 and 18.51 cents per share respectively.



The results will be released on or before 31 May 2017.
30-Mar-2017
(Official Notice)
Shareholders are referred to the announcements released on SENS on 17 November 2016, 15 December 2016 and 14 February 2017, respectively, regarding, inter alia, the purchase by the company of 100% of the shares in ConnectNet Broadband Wireless (Pty) Ltd. (ConnectNet) by way of a subscription for 185 new ConnectNet shares and the repurchase of 122 existing ConnectNet shares and are advised that all the conditions precedent to the Subscription and Repurchase Agreement (the SRA) concluded by the company, ConnectNet and the Relevant Shareholders (as this term is defined in the SRA) have been fulfilled and that, accordingly, ConnectNet has become a wholly-owned subsidiary of Huge.Sainet Internet (Pty) Ltd., a wholly-owned subsidiary of ConnectNet, has, in terms of an internal restructure, been sold to Huge Telecom (Pty) Ltd., a wholly-owned subsidiary company of Huge.



27-Mar-2017
(Official Notice)
The company announced the appointment of Mr Zunaid Bulbulia as the Chief Financial Officer of the Group with effect from 27 March 2017. Mr David Deetlefs, who was serving as the Group Financial Director of Huge, will remain on the Board as an executive director of the Company.



Consequent to the recently announced acquisition of Connectnet Broadband Wireless (Pty) Ltd. and its wholly owned subsidiary company Sainet Internet (Pty) Ltd., which is expected to be completed before the end of March 2017, the Board has decided that the Company needs to establish a group structure that will allow it to manage effectively its existing operating companies and the future operating companies that it envisages acquiring. Zunaid becomes the first direct employee of Huge, with all other employees in the Group being employed currently by the operating companies.
15-Feb-2017
(Official Notice)
14-Feb-2017
(Official Notice)
Shareholders are referred to the announcement released today, 14 February 2017, setting out the results of the general meeting of shareholders and specifically to the update provided in respect of the status of the Subscription and Repurchase Agreement. Shareholders are advised that the Subscription and Repurchase Agreement was entered into between the Company and Connectnet Broadband Wireless (Pty) Ltd on 17 November 2016 and not on 17 November 2017, as disclosed in the aforementioned announcement.

14-Feb-2017
(Official Notice)
The Company is pleased to notify shareholders that the resolutions set out in the relevant notice of general meeting were passed by the requisite majority of votes at the general meeting held today, as set out below. Shareholders holding 88 555 381 ordinary shares, being 79.85% of the total issued share capital of Huge, attended the meeting in person or by proxy.

07-Feb-2017
(Official Notice)
On 20 December 2016, Huge shareholders granted the Company a specific authority ("the Specific Authority") to issue so many Huge ordinary shares as may be equal in value to an amount of up to R300 000 000, provided that the aggregate number of Huge ordinary shares to be issued by the Company in terms of this authority would not exceed 50 000 000 ordinary shares.



Shareholders are advised that the initial interest shown by qualifying investors was at a level which has resulted in all of the available shares in terms of the Specific Authority being allocated prior to the commencement of the bookbuild process. The Company is pleased to announce that 48 780 487 Huge Group ordinary shares have been allocated to certain qualifying investors at a subscription price of 615 cents per share and for a total aggregate subscription consideration of R299 999 995.00

17-Jan-2017
(Official Notice)
Shareholders are advised that a circular setting out the details of the proposed acquisition of 100% of Connectnet Broadband Wireless (Pty) Ltd. and a proposed specific issue of shares for cash, which contains a notice of general meeting, will be posted today to shareholders registered as such on Friday, 6 January 2017.



The circular is available on the Company?s website: www.hugegroup.com.



Notice of general meeting

Notice is hereby given that a general meeting of shareholders will be held on Tuesday, 14 February 2017 in the Woody Woods Boardroom, 146a Kelvin Drive, Woodmead at 10:00 (?General Meeting?), to consider the resolutions to approve the acquisition and the specific issue of shares for cash.



The salient dates and times relating to the general meeting are set out below:

*Last day to trade in order to be eligible to participate and vote at the general meeting - Tuesday, 31 January 2017

*General meeting record date (for voting purposes) - Friday, 3 February 2017

*Last day to lodge forms of proxy for the general meeting by 10:00 - Friday, 10 February 2017

*General meeting held at 10:00 - Tuesday, 14 February 2017

*Results of the general meeting released on SENS on or about - Tuesday, 14 February 2017





03-Jan-2017
(Official Notice)
Shareholders are advised that the company has signed a subscription agreement, dated 27 December 2016, with Praesidium Capital Management (Pty) Ltd (?Praesidium?), in Praesidium?s capacity as General Partner of the SA Hedge Fund En Commandite Partnership, in terms of which Praesidium has agreed to subscribe for 17 500 000 Huge ordinary shares, at a subscription price of 850 cents per Huge ordinary share (?Issue Price?).



Praesidium is a material shareholder in Huge (in that its existing shareholding is in excess of 10% of the current issued share capital of the Company), and as such, is regarded as a related party. However, no fairness opinion is required as the Issue Price is at a premium to the volume weighted average share price of Huge measured over the 30 business days prior to the date on which the Issue Price was agreed between the parties (i.e. 27 December 2016). Shareholders? approval for the proposed specific issue of shares for cash to Praesidium is required.



The funds raised by means of the specific issue will be used to fund future acquisitions by the company.



A circular in this regard, together with a notice of meeting, is in the process of being prepared and will be dispatched to shareholders in due course.



20-Dec-2016
(Official Notice)
The company notified shareholders that the resolutions set out in the relevant notice of general meeting were passed by the requisite majority of votes at the general meeting held today, 20 December 2016.
15-Dec-2016
(Official Notice)
30-Nov-2016
(C)
21-Nov-2016
(Official Notice)
Shareholders are advised that a circular setting out the details of a proposed specific issue of shares for cash, which contains a notice of a general meeting, will be posted to shareholders registered as such on Friday, 11 November 2016 The Circular is available on the Company's website: www.hugegroup.com.



Notice of GM

Notice is hereby given that the general meeting of shareholders will be held on Tuesday, 20 December 2016 in the Woody Woods Boardroom, 146a Kelvin Drive, Woodmead at 10:00 ("General Meeting"), to consider the resolutions to approve the specific issue of shares for cash.
17-Nov-2016
(Official Notice)
02-Nov-2016
(Official Notice)
Shareholders are referred to the detailed cautionary announcement released on SENS on 5 September 2016 and the update thereto dated 21 September 2016 relating to the conclusion of a Memorandum of Agreement with CNET Empowerment (Pty) Ltd., DataWireless (Pty) Ltd., DM Holdco (Pty) Ltd., Stephanus Marius Oberholzer and Unwire Communications (Pty) Ltd. The Memorandum of Agreement became unconditional on 21 September 2016 and in terms thereof Huge was granted an exclusivity period of 180 days, commencing from that date in which to conclude transaction agreements.



Having regard to the above and the fact that negotiations remain underway regarding other unrelated transactions, which may have an effect on the price at which Huge shares are traded, shareholders are advised to continue to exercise caution when trading in their Huge shares until a further announcement is made.
21-Sep-2016
(Official Notice)
14-Sep-2016
(Official Notice)
The Company notified shareholders that all resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority at the Annual General Meeting of the Company held on 14 September 2016.
05-Sep-2016
(Official Notice)
02-Sep-2016
(Official Notice)
Shareholders are referred to the previous cautionary announcements, the last of which was dated 20 July 2016, regarding various discussions relating to potential strategic acquisitions which, if pursued, would require the approval of shareholders of Huge.



Shareholders are hereby advised that these discussions remain ongoing and accordingly, shareholders should continue to exercise caution when dealing in the company's securities until a further announcement is made.
17-Aug-2016
(Official Notice)
Shareholders are advised that the Company?s Integrated Annual Report, including the notice of the Annual General Meeting and the Annual Financial Statements for the year ended 29 February 2016, will be distributed to shareholders and posted on the Company?s website at address www.hugegroup.com on 17 August 2016. There are no modifications to the reviewed provisional results that were published on SENS on 26 May 2016.



Notice of Annual General Meeting

Notice is hereby given that the Annual General Meeting of the Company will be held at 10:00 on Wednesday, 14 September 2016, at the offices of the Company, First Floor, 146a Kelvin Drive, Woodmead, Johannesburg, to transact the business as stated in the notice of the Annual General Meeting. The board of directors of the Company has determined that the record date for purposes of determining which shareholders of the Company are entitled to participate in and vote at the Annual General Meeting is Friday, 9 September 2016. Accordingly the last day to trade in the Company?s shares in order to be recorded in the register to be entitled to vote will be Tuesday, 6 September 2016.
04-Aug-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 13 July 2016 and are hereby advised that it is expected that the 2016 integrated annual report will be issued on or before 15 August 2016.



A further announcement will be made in due course confirming the date of the 2016 annual general meeting of the company.



20-Jul-2016
(Official Notice)
Shareholders are referred to the previous cautionary announcements, the last of which was dated 7 June 2016, regarding various discussions relating to potential strategic acquisitions which, if pursued, would require the approval of shareholders of Huge. Shareholders are hereby advised that these discussions remain ongoing and accordingly, shareholders should continue to exercise caution when dealing in the Company's securities until a further announcement is made.
14-Jul-2016
(Official Notice)
Shareholders are referred to the provisional reviewed consolidated annual results for the year ended 29 February 2016 released on SENS on 26 May 2016, which advised that the 2016 Integrated Annual Report would be issued on or before 30 June 2016 and also contained information relating to the date of the annual general meeting (?AGM?).



The Company advises as follows:

- It is expected that the 2016 Integrated Annual Report will be issued on or about 31 July 2016; and

- The Annual General Meeting of the Company for the year ended 29 February 2016 will be held at 10:00am on Wednesday, 31 August 2016, at the offices of the Company, First Floor, 3M Building, 146a Kelvin Drive, Woodmead, Johannesburg.
13-Jun-2016
(Official Notice)
Shareholders are advised that the Company?s listing will transfer from the ?Telecommunication Equipment? sector of the JSE List to the ?Mobile Telecommunications? sector of the JSE List with effect from 20 June 2016.
07-Jun-2016
(Official Notice)
Shareholders are referred to the previous cautionary announcements, the last of which was dated 22 April 2016, regarding various discussions relating to potential strategic acquisitions which, if pursued, would require the approval of shareholders of Huge.



Shareholders are hereby advised that these discussions remain ongoing and accordingly, shareholders should continue to exercise caution when dealing in the company's securities until a further announcement is made.
31-May-2016
(Official Notice)
26-May-2016
(C)
17-May-2016
(Official Notice)
Huge is in the process of preparing its annual financial results for the year ended 29 February 2016. Shareholders are accordingly advised that a reasonable degree of certainty exists that the Company?s results will reflect an increase in earnings per share (?EPS?) and headline earnings per share (?HEPS?) of between 38% and 48% when compared to the EPS and HEPS for the year ended 28 February 2015 of 12.80 cents per share, resulting in an EPS and HEPs of between 17.66 cents per share and 18.94 cents per share.



This trading statement has not been reviewed or reported on by the Company?s external auditors.



22-Apr-2016
(Official Notice)
Shareholders are referred to the previous cautionary announcements, the last of which was dated 8 March 2016, regarding various discussions relating to potential strategic acquisitions which, if pursued, would require the approval of shareholders of Huge.



Shareholders are hereby advised that these discussions remain ongoing and accordingly, shareholders should continue to exercise caution when dealing in the Company's securities until a further announcement is made.

08-Mar-2016
(Official Notice)
Shareholders are referred to the previous cautionary announcements, the last of which was dated 26 January 2016, regarding various discussions relating to potential strategic acquisitions which, if pursued, would require the approval of shareholders of Huge.



Shareholders are hereby advised that these discussions remain ongoing and accordingly, shareholders should continue to exercise caution when dealing in the company's securities until a further announcement is made.

24-Feb-2016
(Official Notice)
Huge confirmed that it has appointed Dr Duarte da Silva as the Company?s Independent Non-Executive Chairman. Dr da Silva?s appointment will take effect from 1 March 2016 when he will take the reins from the current non-executive Chairman, Mr Vincent Mokholo. Mr Mokholo will remain as a non-executive director of Huge. In addition to fulfilling the role of Chairman, Dr da Silva will also serve as a member of Huge?s Audit Committee and Risk Committee.



In addition to the above changes, Mr Zunaid Bulbulia has been assigned a role by the Board of Directors of Huge which, in their view, may impair his independence. Accordingly, Mr Bulbulia will, with effect from 24 February 2016, be categorised as a non-executive director of Huge.
10-Feb-2016
(Official Notice)
The JSE Ltd. (?JSE?) wished to inform stakeholders of the following findings by the JSE in respect of Mr Deetlefs:

* The JSE has found Mr Deetlefs, in his capacity as a director of Huge, to be in breach of paragraph 3.69 of the JSE Listings Requirements which states that a director may not deal in any securities relating to the issuer:

a. during a closed period as defined; and

b. at any time when he is in possession of price sensitive information in relation to those securities or otherwise where clearance to deal is not given in terms of paragraph 3.66.

* On 26 November 2013, whilst being in possession of unpublished price sensitive information relating to Huge, Mr Deetlefs purchased 47 174 Huge shares.

* The unpublished price sensitive information was only made public on 27 November 2013 when Huge published a trading statement on SENS advising that it expected its earnings to improve by more than 200% from the loss it had reported for the previous comparative year.



The JSE has decided to impose a public censure against Mr Deetlefs in relation to the above-mentioned breach of the Listings Requirements. The JSE enforces the Listings Requirements, investigates any contravention thereof and takes action against a regulated party after following due process. The JSE does not have regulatory powers outside of the Listings Requirements.



A routine examination of trading by the JSE?s Market Regulation Division revealed the trade in question and this was also reported to the Directorate of Market Abuse. The relevant trade was accordingly investigated by the Financial Services Board (?FSB?) for the contravention by Mr Deetlefs of section 78 of the Financial Markets Act, 19 of 2012. A copy of the order is available on the FSB?s website.
04-Feb-2016
(Official Notice)
The board of directors of Huge is pleased to announce that the Johannesburg Stock Exchange (JSE) (operated by the JSE Ltd.) has approved the transfer of the company?s listing from the Alternative Exchange to the ?Mobile Telecommunications? list of the Main Board of the JSE with effect from Tuesday, 1 March 2016.



The move follows a request by Huge to move to the Main Board as a result of the company fulfilling all of the criteria for a Main Board listing as laid down in the Listings Requirements of the JSE.



29-Jan-2016
(Official Notice)
The board of directors of Huge announced the appointment of Mr Zunaid Bulbulia as an Independent Non-executive Director of the company and a member of the Audit Committee of Huge with effect from 28 January 2016.
26-Jan-2016
(Official Notice)
Shareholders are referred to the previous cautionary announcements, the last of which was dated 10 December 2015, regarding various discussions relating to potential strategic acquisitions which, if pursued, would require the approval of shareholders of Huge. Shareholders are hereby advised that these discussions remain ongoing and accordingly, shareholders should continue to exercise caution when dealing in the Company's securities until a further announcement is made.
28-Dec-2015
(Official Notice)
Further to the dividend declaration announcement released on SENS on Friday, 27 November 2015, shareholders are advised that the payment date for the dividend has been amended to Tuesday, 29 December 2015. The record date for the distribution (being Thursday, 24 December 2015) remains unchanged.



11-Dec-2015
(Official Notice)
Further to the cautionary announcements dated 28 April 2015, 10 June 2015, 22 July 2015, 30 July 2015, 10 September 2015, 23 October 2015 and 30 October 2015 respectively regarding discussions relating to strategic acquisitions which would require the approval of the shareholders of Huge, shareholders are advised that, although the Memorandum of Agreement with Centracom Proprietary Limited has lapsed, Huge is still engaged in discussions with other parties. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.
08-Dec-2015
(Official Notice)
Shareholders are referred to the detailed cautionary announcement published on SENS on 1 October 2015 in which Huge informed shareholders that it had concluded a memorandum of agreement (the ?MOA?) with Centratel Group Investments Proprietary Limited and the Trustees for the time being of the Centracom Employees Trust (collectively ?the Relevant Shareholders?), which contemplated the acquisition by Huge of 100% of the issued share capital of Centracom Proprietary Limited (?Centracom?) and the total amount owing by Centracom to the Relevant Shareholders on shareholders loan accounts for a total purchase consideration of R81 600 000 (the ?Purchase Consideration?).



The MOA contemplated the manner in which the Purchase Consideration would be funded by Huge. Huge and the Relevant Shareholders have been contemplating an alternative funding arrangement but have been unable to reach agreement thereon.



Accordingly the MOA has lapsed and is of no further force or effect, save for any confidentiality undertakings owed by each of the parties to the other.



27-Nov-2015
(C)
25-Nov-2015
(Official Notice)
Huge is in the process of preparing its financial results for the six months ended 31 August 2015.



Shareholders are accordingly advised that a reasonable degree of certainty exists that the Company?s results will reflect an increase in earnings per share of between 20% and 40% (or between 1.9 and 3.6 cents per share) when compared to the earnings per share for the six months ended 31 August 2014 of 9.20 cents per share.



This trading statement has not been reviewed or reported on by the Company?s external auditors.





19-Nov-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 28 October 2014 wherein the Company announced that it had entered into a loan funding agreement with Afrasia Special Opportunities Fund (Pty) Ltd. (ASOF) for the provision of short term funding in the amount of R20 million, for a period of 12 months (the ASOF Funding).



The Board of Directors of Huge announced that the ASOF Funding has been extended for a further 12 month period, subject to interest at a rate of prime plus 9% per annum and repayable in one lump sum on 30 November 2016.



The Board of Directors of the Company has taken into account the rapid growth being experienced by the Company and the various sources of capital that are available to it in order to fund this growth. After careful consideration, the Board is of the view that the cost of the ASOF Funding will, on a rolling twelve month basis, be cheaper than the cost of equivalent equity funding.
12-Nov-2015
(Official Notice)
30-Oct-2015
(Official Notice)
23-Oct-2015
(Official Notice)
Further to the cautionary announcements dated 28 April 2015, 10 June 2015, 22 July 2015, 30 July 2015 and 10 September 2015 respectively regarding discussions relating to strategic acquisitions which would require the approval of the shareholders of Huge, shareholders are advised that Huge is still engaged in these discussions, certain of which are now at an advanced stage.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.

10-Sep-2015
(Official Notice)
Further to the cautionary announcements dated 28 April 2015, 10 June 2015, 22 July 2015 and 30 July 2015 respectively regarding discussions relating to strategic acquisitions which would require the approval of the shareholders of Huge, shareholders are advised that Huge is still engaged in these discussions.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
05-Aug-2015
(Official Notice)
The company is pleased to advise shareholders that all the resolutions contained in the notice of annual general meeting (?AGM?) included in the integrated report posted to Huge shareholders on 14 July 2015 (the ?Resolutions?) were passed by the required majority of shareholders present or represented by proxy at the AGM of Huge held on Wednesday, 5 August 2015 at 10h00 in the Woody Woods Boardroom, 146a Kelvin Drive, Woodmead, 2191.
30-Jul-2015
(Official Notice)
22-Jul-2015
(Official Notice)
Shareholders are referred to the cautionary announcements dated 28 April 2015 and 10 June 2015 regarding discussions in which the company is engaged relating to a strategic acquisition (?Proposed Acquisition?), which acquisition would require the approval of Huge?s shareholders.



Discussions regarding the Proposed Acquisition are still continuing. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
16-Jul-2015
(Official Notice)
Shareholders are advised that the record date in order to be eligible to vote at the Annual General Meeting of the Company scheduled for 10:00am on Wednesday, 5 August 2015, as contained in the Annual Report posted to shareholders on 14 July 2015, has been amended to Friday, 31 July 2015.
14-Jul-2015
(Official Notice)
The company confirms that the Integrated Report of the company for the year ended 28 February 2015, together with a notice of Annual General Meeting, has been posted to shareholders, and is also available on the company?s website at www.hugegroup.com. The audited results for the year ended 28 February 2015 were published on SENS on 28 May 2015.



Notice of Annual General Meeting

The Annual General Meeting of the company will be held at 10:00am on Wednesday, 5 August 2015, in the Woody Woods Boardroom, First Floor, 3M Building, 146a Kelvin Drive, Woodmead, 2191.
11-Jun-2015
(Official Notice)
Shareholders are referred to the results announcement for the year ended 28 February 2015 (?FY15?) published on SENS on 29 May 2015 which included the notice to declare a final gross dividend of 4 cents per ordinary share payable out of the income reserves for FY15.



The board wishes to advise shareholders that the dates relating to the dividend have been revised and brought forward. The revised dates are set out in the below timetable.

*Declaration date: Thursday, 11 June 2015

*Last day to trade to receive dividend: Friday, 26 June 2015

*Shares commence trading ex-dividend: Monday, 29 June 2015

*Record date: Friday, 3 July 2015

*Dividend payment date: Monday, 6 July 2015



In terms of South African dividends tax, the following additional information is disclosed:

*Local dividend withholding tax rate: 15%

*Net local dividend payable to shareholders who are not exempt from dividends withholding tax: 3.4 cents per ordinary share

*Total number of ordinary shares in issue: 110 901 443

*Company income tax reference number: 9378909155



Share certificates may not be dematerialised or rematerialised between Monday, 29 June 2015 and Friday, 3 July 2015, both days inclusive.
10-Jun-2015
(Official Notice)
Shareholders are referred to the cautionary announcement dated 28 April 2015 regarding discussions the company is having relating to a strategic acquisition (?Proposed Acquisition?), which acquisition would require the approval of Huge?s shareholders.



Discussions regarding the Proposed Acquisition are continuing. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.
28-May-2015
(C)
28-Apr-2015
(Official Notice)
Shareholders are advised that Huge is in discussions currently with regard to a strategic acquisition (?Proposed Acquisition?), which acquisition would require the approval of Huge?s shareholders. Although no formal agreement nor offer is yet in place, the board of directors of Huge are supportive of the Proposed Acquisition.



The successful conclusion of the Proposed Acquisition may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.
01-Apr-2015
(Official Notice)
18-Feb-2015
(Official Notice)
Huge refers to the directors dealing announcements released on Friday, 13 February 2015.



The company clarified that:

* the acquisition of shares (2 428 571 shares at an aggregate value of R1); and

* the cancellation of a call option agreement (involving 3 000 000 shares);

are classified as off-market transactions in terms of section 3.63 (b) (viii) of the JSE Listing Requirements.
26-Nov-2014
(C)
24-Nov-2014
(Official Notice)
Huge is in the process of preparing its financial results for the six months ended 31 August 2014.



Shareholders are accordingly advised that a reasonable degree of certainty exists that the company's results will reflect an increase in earnings per share of between 120% and 140% (being an increase of between 4.93 and 5.75 cents per share) and an increase in headline earnings per share of between 40% and 60% (being an increase of between 2.43 and 3.64 cents per share) when compared to the earnings per share and headline earnings per share for the six months ended 31 August 2013 of 4.11 and 6.07 cents per share respectively.
30-Oct-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 1 August 2014 ("the Announcement") in which the company advised that it had seen high level of interest from providers of debt finance to fund the significant growth that Huge is experiencing and that the company expected to announce the conclusion of a funding transaction in the near future.



Pursuant to the Announcement, the company is pleased to announce that it has concluded a loan funding agreement between Afrasia Special Opportunities Fund (Pty) Ltd ("ASOF") and Huge Software (Pty) Ltd. ("Huge Software"), a wholly owned subsidiary of Huge, for the provision of short term funding in the amount of R20 million ("the ASOF Funding").



The board of directors of the company has taken into account the rapid growth being experienced by the company and the various sources of capital that are available to it in order to fund this growth.



After careful consideration, the board is of the view that the cost of the ASOF Funding will, on a rolling twelve month basis, be cheaper than the cost of equivalent equity funding.



The ASOF Funding is subject to certain conditions precedent which are normal for a transaction of this nature, inclusive of a corporate guarantee provided by the company ("Financial Assistance") which in terms of section 45(5)of the Companies Act No 71 of 2008 ("the Companies Act") requires notice to be given to shareholders.



Shareholders are hereby notified in terms of section 45(5) of the Companies Act, that the board has passed a resolution authorising the company to provide Financial Assistance, pursuant to the board being granted such authority by the resolution of the shareholders, to Huge Software and as part of the resolution, considered and satisfied itself that:

* immediately before providing the Financial Assistance, the company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act;

* the terms under which the Financial Assistance was provided were fair and reasonable to the company; and

* there has been due compliance with the requirements of the company's constitutional documents and with the Companies Act.
10-Oct-2014
(Official Notice)
Huge and its subsidiary companies have held various derivative contracts over the company's ordinary shares. Any movement in the price of the company's ordinary shares (Reference Instruments) has an impact on the value of these derivative contracts.



Huge Telecom (Pty) Ltd. (HugeTel), a wholly owned subsidiary company of the company, was the holder of contracts for difference (CFDs) over 3 904 579 Huge ordinary shares (the Huge CFDs).



On 8 October 2014, HugeTel closed out the Huge CFDs at a spot price of 170 cents per Reference Instrument (the Close Out).



Accordingly, the Group is no longer exposed to the movement in the price of derivative contracts over its own ordinary shares.



Financial effects of the close out

The unaudited pro forma financial effects are in the relevant SENS note
01-Oct-2014
(Official Notice)
Shareholders are advised that the board of directors of Huge has approved the appointment of AfrAsia Corporate Finance (Pty) Ltd. ("AfrAsia") as the company's Designated Adviser in place of Arcay Moela Sponsors Pty) Ltd. (trading as Arbor Capital) with effect from 1 October 2014.



The appointment of ACF is in line with the company's strategy and future requirements, which necessitate the appointment of a Designated Adviser which offers a wider range of services appropriate to the future strategy of the ?ompany, including the possible raising of equity and debt capital.
11-Sep-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 1 August 2014, regarding, inter alia, certain litigation involving MTN SP and the fact that a settlement agreement (the Settlement Agreement) had been signed between Huge Telecom (Pty) Ltd. (Huge Telecom) and Huge Mobile (Pty) Ltd. (formerly CentraCell (Pty) Ltd.) (the Huge Parties)and Mobile Telephone Networks (Pty) Ltd. (MTN) in terms of which the Huge Parties had undertaken to pay MTN the sum of R10 million (the Settlement Amount) in full and final settlement of all claims of any nature that MTN and MTN SP may have had against the Huge Parties.



The Settlement Amount has been paid and accordingly all legal action instituted by MTN SP against the Huge Parties will be withdrawn.



General business update

Huge Telecom continues to enjoy high levels of sales activity, achieving another record month in August, and has now sold 6 800 new telephone lines since the commencement of the current financial year. With the settlement of the dispute above, which had been the main remaining area of uncertainty, and management's continued focus on the new business model, the board's view is that a solid foundation has been laid in order to grow the business.
09-Sep-2014
(Official Notice)
Shareholders are referred to the circular posted to certificated and dematerialised shareholders on 19 August 2014 and 26 August 2014 respectively containing the details of the raising of up to R20 million by way of a renounceable rights offer.



Huge shareholders are advised that the Rights Offer closed on Friday, 5 September 2014. A total amount of R20 million has been raised by the Company in terms of the Rights Offer. Huge shareholders, or their renouncees applied for a total of 28 554 109 Rights Offer Shares, including excess applications.



The Rights Offer was therefore oversubscribed by 43%.



Share certificates in respect of Certificated Shareholders who followed their Rights and whose application for excess shares has been successful, will be posted by Wednesday, 10 September 2014. The CSDP or broker accounts of Dematerialised Shareholders who followed their rights and whose application for excess shares has been successful, will be updated and debited by Wednesday, 10 September 2014.
03-Sep-2014
(Official Notice)
Shareholders are referred to the Provisional Reviewed Consolidated Results for the year ended 28 February 2014 which were released on SENS on Friday, 30 May 2014 and the Change Statement and Notice of Annual General Meeting announcement released on SENS on Wednesday, 30 July 2014. The Audited Results for the year ended 28 February 2014 differ from the provisional published results, as detailed in notes 1 and 2 below.



The impact of this restatement of the results is not material and the adjustment to Earnings per Share (EPS) and (Headline Earnings per Share (HEPS) is a reduction from 13.80 cents per share to 13.54 cents per share and 13.92 cents per share to 13.66 cents per share respectively or 0.26 cents per share. This announcement provides further clarification with regard to the announcement released on 30 July 2014.

19-Aug-2014
(Official Notice)
Per Huge's previous announcement released on SENS this morning, shareholders are advised that the Annual General Meeting of the Company was held at 10:00 am on Tuesday, 19 August 2014, in the Woody Woods Boardroom, 146 Kelvin Drive, Woodmead, 2191. All of the ordinary and special resolutions proposed at the Annual General Meeting were passed by the requisite majority of shareholders.
19-Aug-2014
(Official Notice)
Shareholders are advised that all of the ordinary and special resolutions proposed at the Annual General Meeting of the Company held at 10:00 am on Tuesday, 19 August 2013 in the Woody Woods Boardroom, 146 Kelvin Drive, Woodmead, 2191, were passed by the requisite majority of shareholders.
19-Aug-2014
(Official Notice)
Shareholders are referred to the CEO?s Report in the Integrated Report of the Company for the year ended 28 February 2014, in which one of the Group?s stated objectives is to reduce the cost of installing router equipment at its customers? premises.



The Board of Directors is pleased to announce that Huge has acquired intellectual property which will enable it to manufacture a fixed cellular router at a significant discount to its current cost of purchasing similar equipment. Huge Software has signed an agreement with Mr Deon Marais to purchase the intellectual property that constitutes the SpiderCell FCR. The SpiderCell FCR was originally manufactured by DM Technologies (Pty) Ltd. Furthermore there is agreement in principle between Huge Software and Deon Marais that a long term relationship is envisaged. It is likely that Deon will assist with engineering and further development, as well as production of the product family/families. Huge Software has also signed an agreement with Busiraks (Pty)Ltd. and Mr John Walker to purchase the intellectual property that constitutes the Xena FCR.



Both the Xena and the SpiderCell are well respected brands of fixed cellular router that previously enjoyed significant market share. Unlike FCR units sourced from overseas suppliers, these devices are also completely locally designed, developed, and field tested, and are therefore absolutely compatible with the local South African GSM networks and protocols, as well as being fully ICASA compliant and certified, which will ensure complete reliability of operation and service.
08-Aug-2014
(Official Notice)
05-Aug-2014
(Official Notice)
Shareholders are referred to the declaration announcement previously released on Sens and are hereby advised that the salient dates shall be amended. A revised salient dates announcement will be published as soon as they have been determined.
04-Aug-2014
(Official Notice)
01-Aug-2014
(Official Notice)
30-Jul-2014
(Official Notice)
The company confirms that the board of directors has approved and published the Integrated Report of the Group for the year ended 28 February 2014. Furthermore, the company advises that there were certain changes to the Provisional Condensed Reviewed Consolidated Results of the Group for the year ended 28 February 2014 which were released on SENS on 30 May 2014. The changes, together with explanations for these changes, are detailed in the relevant SENS note.



The annual financial results of the company have been audited by BDO South Africa Incorporated, and their unqualified audit report is available for inspection at the registered office of the company, 146a Kelvin Drive, Woodmead, 2191.



The Integrated Report for the year ended 28 February 2014 has been posted to shareholders and, in addition, is available on the company's website at www.hugegroup.com.



Notice of Annual General Meeting

The Annual General Meeting of the company will be held at 10:00am on Tuesday, 19 August 2014, in the Woody Woods Boardroom, First Floor, 3M Building, 146a Kelvin Drive, Woodmead, 2191.



Record Date

The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the meeting is Friday, 8 August 2014. The last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 1 August 2014.
30-Jun-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 shares.



Accordingly, shareholders are advised to exercise caution when dealing in their Huge shares.
30-May-2014
(C)
23-May-2014
(Official Notice)
Shareholders are referred to the trading statement published by the company on 26 November 2013, wherein the company stated that earnings and headline earnings per share for the period ending 28 February 2014 were expected to exceed 11 and 16 cents per share respectively.



Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that the company anticipates that earnings and headline earnings per share will be between 12.5 and 14.5 cents per share for the year ended 28 February 2014.This trading statement has not been reviewed or reported on by the company's external auditors.
31-Jan-2014
(Official Notice)
On 29 January 2014, the Independent Communications Authority of South Africa (ICASA) announced a reduction in Mobile Termination Rates (MTRs) with effect from 1 March 2014. Huge Telecom (Pty) Limited, Huge Mobile (Pty) Limited and Huge Cellular (Pty) Ltd, all wholly owned subsidiary companies of Huge, are all direct beneficiaries of this change in MTRs. The benefits of this change, which are yet to be quantified, may be enjoyed by the Company from the financial year commencing on 1 March 2014. This announcement is made for information purposes only.

21-Jan-2014
(Official Notice)
Shareholders are advised that the designation of the chairman of the company, Mr Vincent Mokholo, has changed from "Executive" to "Non-executive" with immediate effect.
16-Jan-2014
(Official Notice)
Shareholders were advised that Huge Telecom (Pty) Ltd. (Huge Telecom), a wholly-owned subsidiary of the Company, has disposed of three shares (the Shares) in Ambient Mobile (Pty) Ltd. (Ambient), to the Taung Trust (Taung) (represented by Vincent Mokhele Mokholo, a trustee of Taung and the Executive Chairman of Huge), for a disposal consideration of R3 (the Disposal). The Disposal is regarded as a related party disposal in accordance with paragraph 21.11(c) of the JSE Listings Requirements which requires that all transactions with related parties must be announced irrespective of the size of the transaction.



Conditions precedent

The disposal is subject to the following conditions precedent:

*The granting of all regulatory and statutory approvals insofar as they may be necessary in law and / or required by the JSE Ltd.;

*The delivery by Taung to Huge Telecom of a copy of a board resolution of the board of directors of Ambient approving the disposal of the Shares to Taung;

*The delivery by Huge of a copy of a board resolution of the board of directors of Huge Telecom authorising the sale of the Shares;

*The delivery by Huge to Taung of a copy of a resolution of the board of directors of Huge authorising the sale of the Shares by Huge Telecom; and

*The delivery by Taung to Huge Telecom of an irrevocable written waiver by the other shareholders of Ambient of all pre-emotive and similar rights pertaining to the Shares.



Effective date of the disposal

The disposal shall be effective on the closing date, being a date agreed to in writing by Huge Telecom and Taung provided that such date shall be a minimum of one and a maximum of seven days after the waiver or fulfilment, as the case may be, of all of the conditions precedent.
20-Dec-2013
(Official Notice)
Shareholders are advised that a subsidiary Company of the company, Huge Telecom (Pty) Ltd. (HugeTel), has acquired ordinary securities under a general authority (the Authority) granted by shareholders of the Company to the Company at the annual general meeting held on 12 July 2013. The Authority is limited to 20% of the ordinary shares of the Company in issue. On 18 December 2013, HugeTel acquired ordinary securities of the Company, equating to 8.11% of the total securities of the Company in issue at the date of the Authority. The price paid for the ordinary securities was 55 cents and a total of 8 154 700 ordinary securities (the Shares) were acquired for a total value of R4 511 766.19 (the Repurchase). The Shares were acquired utilising existing cash on hand within the Group.



Following the Repurchase, the Company or any subsidiary company of the Company may still acquire 11 947 799 ordinary shares in terms of the Authority, being 11.89% of the issued share capital of the Company. The directors of Huge, after considering the effect of the Repurchase are of the opinion that, for a period of 12 months following the date of this announcement:

*the Company and the Group will be able, in the ordinary course of business, to repay its debts;

*that the assets of the Company and the Group will be in excess of the liabilities of the Company and the Group; and

*the Company and the Group's share capital and reserves will be adequate for ordinary business purposes; and

*the Company and the Group will have sufficient working capital for ordinary business purposes.



Financial effects of repurchase

Before and After the Repurchase

*Basic earnings per share -- 4.11; 4.52

*Headline earnings per share -- 6.07; 6.68

*Diluted earnings per share -- 4.11; 4.52

*Diluted headline earnings per share -- 6.07; 6.68

*Net asset value per share -- 238.63; 257.06

*Net tangible asset value per share -- (8.81); (15.26)

*Number of shares in issue after deducting treasury shares ('000) -- 89 255; 81 100



The Shares have been acquired by HugeTel and an application will be made for the delisting and cancellation of all shares held by HugeTel and any other subsidiary company of the Company in excess of 10% of the ordinary shares in issue. The application for delisting will be made during January 2014. The treasury shares in issue post the application for delisting will be 10 051 250.
27-Nov-2013
(Official Notice)
Shareholders were hereby advised that a reasonable degree of certainty exists that, due to the successful negotiation by the company of a substantial supplier discount as well as improved operating results, earnings will improve by more than 200%, from reporting a loss for the year ended 28 February 2013 to reporting a profit for the year ending 28 February 2014.



Thus the company anticipates that earnings per share will improve by over 200% from a loss of 11 cents per share to earnings per share in excess of 11 cents per share for the year ending 28 February 2014. Furthermore, headline earnings per share is expected to reflect an improvement of over 500% from a headline loss per share of 4.1 cents to headline earnings per share in excess of 16 cents per share for the year ending 28 February 2014.
21-Nov-2013
(C)
19-Nov-2013
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that the company anticipates that earnings per share will be between 40% and 60% lower than the earnings per share of 9.95 cents for the six months ended 31 August 2012, and headline earnings per share will be between 20% and 40% lower than the headline earnings per share of 10.03 cents for the six months ended 31 August 2012.
23-Aug-2013
(Official Notice)
Shareholders are referred to the Annual Report of the Company for the year ended 28 February 2013, wherein disclosure was made, inter alia, regarding certain litigation with Mr JP Kimber. The Board of Directors announced that a settlement has been reached with Mr Kimber, and all actions have been withdrawn by both parties.
22-Aug-2013
(Official Notice)
Shareholders were referred to the Annual Report of the company for the year ended 28 February 2013, wherein disclosure was made, inter alia, regarding certain litigation with Mr JP Kimber. The board of directors is announced that a settlement has been reached with Mr Kimber, and all actions have been withdrawn by both parties.
21-Aug-2013
(Official Notice)
Shareholders are referred to the announcement dated 15 July 2013 detailing the exercise of a call option in terms of a Call Option Agreement concluded with Managoran Pillay, a former director of Huge Telecom Pty Ltd (the Pillay Agreement), and are advised that the Pillay Agreement has been cancelled in terms of a Cancellation Agreement entered into by the parties concerned on 20 August 2013 (the Cancellation Agreement). No rights or obligations arising out of the Pillay Agreement, shall be enforceable, and any exercise or purported exercise of a call option in terms of the Pillay Agreement, is void and of no further force or effect.
15-Jul-2013
(Official Notice)
Shareholders were referred to the Annual Reports of Huge for the year ended 29 February 2012 and 28 February 2013 in which disclosure was made of the acquisition by the Company of various call options over Huge ordinary shares, granted by certain past and present directors of Huge Telecom (Pt)y Ltd. ("Huge Telecom"), a wholly owned subsidiary company of Huge, to the Company in terms of individually executed call option agreements (individually a "Call Option Agreement").



In terms of a written notice ("the Notice") by the Company on 31 July 2012 to Manogaran Pillay, a past director of Huge Telecom, the Company elected to exercise its rights ("the Rights") in terms of the Call Option Agreement concluded with Pillay ("the Pillay Agreement"). The Pillay Agreement is subject to a resolutive condition restricting the exercise by the Company of the Rights until regulatory approval is obtained.



Huge has been in a long protracted closed period occasioned as a result of reporting timelines and certain transactions being considered by the Company and as a result has not been in a position to obtain regulatory approval. On 31 May 2013 the Company exited its latest closed period.



On 11 July 2013 the Parties agreed to give effect to the Notice and accordingly, Huge will propose to shareholders of the Company that they approve, by way of a specific authority, the acquisition by the Company of 438 928 Huge ordinary shares (representing 0.44% of the total issued ordinary share capital of Huge) at a price of 85 cents per share for a total purchase consideration of R373 088.80 ("the Acquisition"). The purchase consideration represents a premium of 40.32% to the 30 day weighted average share price of Huge as at 11 July 2013. It is the intention of the Company to return the shares to authorised share capital. The Company currently has 9 706 926 treasury shares.



The Acquisition remains in line with the Company's stated strategy of acquiring its own ordinary shares, or exposure to its own ordinary shares, when it is in the interests of the Company to do so. The Huge ordinary shares shall be acquired using the available working capital resources of the Company. A circular to shareholders, including a fairness opinion from an independent expert, will be prepared and shareholders will be advised therein of the date of the general meeting to be held to consider the Acquisition.
12-Jul-2013
(Official Notice)
Shareholders are advised that all of the ordinary and special resolutions proposed at the annual general meeting of the company held at 10:00 am on Friday, 12 July 2013 in the Woody Woods Boardroom, 146 Kelvin Drive, Woodmead, 2191, were passed by the requisite majority of shareholders.



Shareholders are advised further that the special and ordinary resolutions proposed at the general meeting of the company held at 10:15 am on Friday, 12 July 2013 in the Woody Woods Boardroom, 146 Kelvin Drive, Woodmead, 2191, were passed by the requisite majority of shareholders.
11-Jun-2013
(Official Notice)
The company confirmed that the board of directors has approved and published the annual report of the company for the year ended 28 February 2013. The abridged annual report for the year ended 28 February 2013 has been posted to shareholders, together with the notice of annual general meeting, and the full integrated annual report of the company is available on the company's website at www.hugegroup.com.



Notice of annual general meeting

The annual general meeting of the company will be held at 10:00am on Friday, 12 July 2013, in the Woody Woods Boardroom, First Floor, 3M Building, 146a Kelvin Drive, Woodmead, 2191.



Notice of general meeting

A general meeting of the company will be held at 10:15am or immediately after the annual general meeting has been concluded, whichever time is the later, on Friday, 12 July 2013, in the Woody Woods Boardroom, First Floor, 3M Building, 146a Kelvin Drive, Woodmead, 2191, in order for shareholders to consider and vote on the adoption of a new Memorandum of Incorporation for the company.
11-Jun-2013
(Official Notice)
Shareholders are referred to the announcement dated 31 July 2012 wherein it was announced that Jean Tyndale- Biscoe ("Jean") was appointed as the company secretary for Huge. Shareholders are advised that Arcay Client Support (Pty) Ltd. ("ACS") resigned as company secretary as at 31 July 2012. Jean previously assisted with the company secretarial function performed by ACS until her full time appointment at Huge, ensuring consistency of knowledge and service.
31-May-2013
(C)
24-May-2013
(Official Notice)
Accordingly, shareholders were advised that a reasonable degree of certainty exists that the company anticipates that earnings per share will be between 120% and 140% lower than the loss per share of 4.82 cents for the year ended 29 February 2012, and headline earnings per share will be between 20% and 40% higher than the headline loss per share of 5.88 cents for the year ended 29 February 2012.
22-May-2013
(Official Notice)
Huge announces the resignation from the board of directors of the company of Mr MR Beamish with effect from 20 May 2013. Mr Beamish served on the Combined Audit and Risk Committee of the Company and was Chairman of the Remuneration Committee. He shall be replaced by Mr AD Potgieter on the Combined Audit and Risk Committee, and by Mr DR Gammie on the Remuneration Committee. Mr Potgieter, who is currently a member of the Remuneration Committee, shall assume the Chair of this committee.
20-May-2013
(Official Notice)
Shareholders are referred to the previous cautionary announcements dated 17 October 2012, 28 November 2012, 15 January 2013, 26 February 2013 and 12 April 2013 respectively, and are advised that the negotiations referred to therein have ceased. Shareholders are accordingly advised that the cautionary announcement is withdrawn.
12-Apr-2013
(Official Notice)
Shareholders are referred to the previous cautionary announcements dated 17 October 2012, 28 November 2012, 15 January 2013 and 26 February 2013 respectively, and are advised that the negotiations referred to therein are still in progress. Shareholders are accordingly advised to continue to exercise caution when dealing in their securities until a further announcement in this regard is made.
26-Feb-2013
(Official Notice)
Shareholders are referred to the previous cautionary announcements dated 17 October 2012, 28 November 2012 and 15 January 2013 respectively, and are advised that the negotiations referred to therein are still in progress. Shareholders are accordingly advised to continue to exercise caution when dealing in their securities until a further announcement in this regard is made.
15-Jan-2013
(Official Notice)
Shareholders are referred to the previous cautionary announcements dated 17 October 2012 and 28 November 2012 respectively, and are advised that the negotiations referred to therein are still in progress. Shareholders are accordingly advised to continue to exercise caution when dealing in their securities until a further announcement in this regard is made.
30-Nov-2012
(C)
28-Nov-2012
(Official Notice)
Shareholders were referred to the previous cautionary announcement dated 17 October 2012 and were advised that the negotiations referred to therein are still in progress.



Shareholders were accordingly advised to continue to exercise caution when dealing in their securities until a further announcement in this regard is made.
23-Nov-2012
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the company anticipates that earnings per share will be between 240% and 260% higher than the earnings per share of 2.80 cents for the six months ended 31 August 2011, and headline earnings per share will be between 800% and 820% higher than the headline earnings per share of 1.09 cents for the six months ended 31 August 2011.
17-Oct-2012
(Official Notice)
Shareholders are advised that the company has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's shares. Accordingly, shareholders are advised to exercise caution when dealing in their Huge shares.
01-Oct-2012
(Official Notice)
The board advised shareholders that at the annual general meeting of the company held on Friday, 28 September 2012 in the Woody Woods Boardroom, 146a Kelvin Drive, Woodmead, 2128, all the resolutions presented were passed by the requisite majority of shareholders.
21-Sep-2012
(Official Notice)
Huge announces the resignation of Mr NB Wensley from the board of directors of the Company with effect from 30 September 2012. Mr David Deetlefshas been appointed as Group Financial Director with effect from 1 October 2012.

04-Sep-2012
(Official Notice)
Shareholders are advised that the company's annual report incorporating the audited annual financial statements for the year ended 29 February 2012 (the Annual Report) was posted to shareholders on 31 August 2012. The Annual General Meeting of the company will be held at 10:00am on Friday, 28 September 2012, in the Woody Woods Boardroom, First Floor, 3M Building, 146a Kelvin Drive, Woodmead, 2191. The audited annual financial statements contain modifications to the reviewed results released on SENS on 31 May 2012.
03-Sep-2012
(Official Notice)
Shareholders are advised that a reasonable degree of certainty exists that the company anticipates that earnings per share for the six months ended 31 August 2012 will be at least 300% higher than the earnings per share of 2.80 cents for the six months ended 31 August 2011, and headline earnings per share for the six months ended 31 August 2012 will be at least 800% higher than the headline earnings per share of 1.09 cents for the six months ended 31 August 2011.
31-Jul-2012
(Official Notice)
The company announced the appointment of Jean Tyndale-Biscoe as company secretary to the group with effect from 1 August 2012.
09-Jul-2012
(Official Notice)
The JSE advised the following in view of its previous announcement dated 12 November 2009 concerning certain findings by the JSE in respect of the Huge's acquisition of Single Stock Futures ("SSFs") positions from two executive directors of Huge, Messrs James Herbst and Anton Potgieter (the Directors or the Appellants) and the resultant repurchases by Huge of its own securities: The directors lodged an appeal in terms of the provisions of the Securities Services Act to the Appeal Board of the Financial Services Board against the findings of the JSE and the penalties of R 5 million imposed on each of the Directors.



Pursuant to hearing of the appeal, the Appeal Board made the following order on 3 July 2012:

* The appeal is allowed with costs.

* The following findings by the JSE are set aside:

** That Huge acted contrary to the provisions of section 85 of the Companies Act;

** That Huge and the appellants breached section 5.69 of the Listings Requirements by way of having Huge effected a specific repurchase of its securities from related parties.

* Substituted for the finding set aside above is the finding that Huge and the appellants breached section 5.69, read with section 5.82, of the Listings Requirements in that Huge, represented by the appellants, entered into derivative transactions that might or would result in the repurchase by Huge of its securities in terms of a general authority without complying with section 5.69 in that approval of shareholders in terms of a special resolution of Huge was not given for such transactions.

* The penalty of R 5 million imposed on each appellant is set aside and substituted therefore is a fine on each appellant of R 3 million.

* The following costs orders are made:

** The costs awarded in this order will include the costs of two counsel.

** The appellants are ordered to pay the costs of the application to supplement the grounds of appeal.

** The JSE is ordered to pay the wasted costs of the hearing on 3 March 2011.

* The JSE is ordered to ensure the publication of the terms of this order on SENS.
03-Jul-2012
(Official Notice)
The board of directors of Huge remains committed to high standards of corporate governance, which, given the size and market capitalization of the company, can present challenges with regard to balancing affordability with compliance. The board of directors continually strives to comply as fully as possible with the third King Report on Corporate Governance ('King III'), whilst ensuring the continued affordability of its corporate governance structures. As a result, certain changes to the board of directors have been proposed. Huge announced the following changes to the board of directors of the company:

* Mr DR Gammie has been appointed as an independent non- executive director of the company. His appointment takes effect from 29 June 2012;

* Mr BA McQueen has resigned from the board of directors of the company. His resignation took effect on 28 June 2012;

* Mr VM Mokholo, a current executive director of the company, has been appointed as the executive chairman of the group; and

* Mr SP Tredoux has resigned as the group's non-executive chairman but has been appointed as the group's lead independent director.



In addition, the following changes have been made to the various board committees, which are occasioned as a result of the changes to the board of directors recorded above:

* The combined remuneration and nomination committee has been dissolved with the responsibility of the nomination function reverting to the board of directors;

* A new remuneration committee will be constituted, consisting of Mr MR Beamish as chairman of the committee, and Messrs AD Potgieter and VM Mokholo as members; and

* Mr DR Gammie will be appointed as the chairman of the combined audit and risk committee ('CARC'). Mr SP Tredoux did not previously qualify for membership of the CARC given his position as non-executive chairman of the company, but in his new role as lead independent director of the group, now qualifies for membership of the CARC.

* Mr MR Beamish has also been appointed as a member of the CARC.
08-Jun-2012
(Official Notice)
Huge announced the resignation of Mr K D Jarvis from the board of directors of the company with effect from 8 June 2012.
31-May-2012
(C)
Total revenue for the year ended 29 February 2012 decreased to R388.9 million (2011: R523.8 million). Gross profit declined to R74.7 million (2011: R89.7 million), but an operating loss of R2.2 million (2011: loss of R23.9 million) was recorded, while net loss attributable to owners of the company was smaller at R3.8 million (2011: loss of R15 million). Furthermore, the headline loss came in at 5.04cps (2011: loss of 15.31cps).



Dividend

No dividends were paid or declared during the financial year ended 29 February 2012.
31-May-2012
(Official Notice)
Shareholders are referred to the trading statements published on SENS on 5 and 24 April 2012 respectively, and are advised that as per those announcements, the company now has additional clarity with regard to the improvement in earnings and headline earnings per share in the current year when compared to the prior year.



Shareholders were advised that a reasonable degree of certainty exists that the company anticipates that the improvement in operating performance in the current year when compared to the previous year will result in a loss per share of between 3.9 and 4.1 cents, and a headline loss per share of between 4.9 and 5.1 cents, compared to a loss and headline loss of 15.33 and 15.41 cents per share respectively for the corresponding period. Further explanation for the changes that have taken place between the various trading statements: The provisions for impairment of certain loans, in the amount of R13.3 million, raised at a company level in the prior year as a result of the poor trading performance of the group of companies comprising Huge were reversed at a company level in the current year given the group's improved trading performance. These reversals were taken into account at a company level at the time of the 24 April 2012 trading statement but have been reinstated at a group level on consolidation. These eliminations have no cash flow effect.
24-Apr-2012
(Official Notice)
Shareholders were referred to the initial trading statement dated 4 April 2012, and are advised that as per that announcement, the company now has clarity with regard to the improvement in earnings and headline earnings per share. Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that the company anticipates that earnings and headline earnings per share are expected to be between 9.58 and 11.97 cents per share, compared to a loss and headline loss per share of 15.33 and 15.41 cents per share respectively for the prior year corresponding period.
05-Apr-2012
(Official Notice)
Huge is in the process of preparing its financial results for the year ended 29 February 2012. Shareholders are accordingly hereby advised that a reasonable degree of certainty exists that the company's results will improve by between 70% and 90% when compared to the results for the period ended 28 February 2011, although a range for earnings and headline earnings per share cannot be provided at present. As soon as the company has clarity in this regard, a further trading statement will be issued.
01-Dec-2011
(C)
30-Nov-2011
(Official Notice)
Huge is currently finalising its financial results for the six months ended 31 August 2011. Shareholders are accordingly hereby advised that a reasonable degree of certainty exists that the company's earnings per share ("EPS") are expected to decline by between 65% and 75% for the six months ending 31 August 2011, and that the headline earnings per share ("HEPS") are expected to decline by between 85% and 95% when compared to the EPS and HEPS reported for the six months ended 31 August 2010.



However, shareholders' attention is drawn to the fact that the results for the two periods include fair value adjustments on derivative instruments which are fully collateralised. In the prior comparative period, the results included a positive fair value adjustment of R9.87 million (after tax) whilst the current period's results reflect a negative fair value adjustment of R4.4 million (after tax). Thus the company has effectively shown a substantial operational turn around. If the effects of the fair value adjustments on derivative instruments had been excluded from EPS, then the EPS in the prior period would have reflected a small loss of 0.31 cents per share and EPS for the current period would be expected to be approximately 4.6 cents per share.
28-Oct-2011
(Official Notice)
Shareholders were advised that at the annual general meeting of the company held on Friday, 28 October 2011, which meeting was held to consider, and if deemed fit, pass the resolutions detailed in the notice to annual general meeting and sent to shareholders of the company with the annual financial statements, all the resolutions detailed in the notice to annual general meeting were approved by the requisite majority of shareholders and will, where necessary, been submitted to the CIPC for registration.
01-Sep-2011
(Official Notice)
The company confirmed that the board of directors has approved and published the group annual financial statements and annual financial statements of the company for the year ended 28 February 2011. Furthermore, the company confirmed that there was no change to the provisional condensed group financial results of the company for the year ended 28 February 2011 which were released on SENS on 28 June 2011.



Notice of annual general meeting

Shareholders were advised that the annual general meeting of shareholders will be held at 10:00 on Friday, 28 October 2011 in the Boardroom, 146a Kelvin Drive, Woodmead, Johannesburg.
04-Aug-2011
(Official Notice)
08-Jul-2011
(Official Notice)
Shareholders were referred to the cautionary announcement dated 29 March 2011, and the subsequent renewals thereof on 10 May 2011 and 7 July 2011 with regard to the disposal of a 49% interest in TelePassport Communications (Pty) Ltd ("TelePassport" or "the associate") ("the sale transaction"). The unaudited pro forma financial effects have been prepared and are presented in the table below. The unaudited pro forma financial effects have been prepared to illustrate the impact of the sale transaction on the unaudited, published financial information of Huge for the year ended 28 February 2011, had the sale transaction occurred on 1 March 2010 for income statement purposes and on 28 February 2011 for balance sheet purposes.



Some unaudited pro forma financial effects are:

*Basic loss per share would have being lower by 4.25% to 14.68c (loss of 15.34cps)

*Headline loss per share would have being lower by 17.07% to 18.05c (loss of 15.41cps)



Withdrawal of cautionary

Consequent to the publication of the above pro forma financial effects, shareholders are advised that the cautionary announcement is withdrawn.
06-Jul-2011
(Official Notice)
Shareholders are referred to the cautionary announcement dated 29 March 2011, and the subsequent renewal issued on 10 May 2011, and are advised that the negotiations referred to therein are still in progress. Accordingly, shareholders are advised to continue to exercise caution when dealing in their Huge shares.
01-Jul-2011
(Official Notice)
The board of directors of Huge announced the following appointment. With effect from 1 August 2011, Mr Neil Brian Wensley will be appointed to the board of directors as executive financial director.
28-Jun-2011
(C)
Revenue declined to R523.8 million (February 2010: R573.5 million) and group operating profit was significantly impacted by the loss of connection incentive bonuses, and thus worsened to R23.9 million (February 2010: Operating profit of R3.3 million). Net attributable loss was recorded at R15 million (February 2010: Net attributable profit of R9 million). In addition, headline loss per share was at 15.41cps (February 2010: Headline earnings per share of 8.79cps).



Dividend

No dividends were paid or declared during the financial year ended 28 February 2011.



Prospects

The performance of Huge remains reliant on the performance of its primary investments in Huge Telecom and CentraCell. Huge Telecom and CentraCell have been restructured, a new business model has been defined and made operational, and additional significant revenue streams are expected to be generated in the immediate future. The restructuring of the company, including significant reductions in overheads, coupled with falling input costs will have a material and positive effect on profitability and cash flow generated by this subsidiary company during the forthcoming financial year - the benefits of this being experienced from the start of the 2012 financial year. This will assist the Group in strengthening its balance sheet. The business of Huge Media has been sold post year-end. The annual cost saving from the decision to sell the operations of Huge Media amounts to R5 million. The business of Eyeballs is gaining momentum and recent commercial agreements signed by the company are lucrative. Investor interest in Eyeballs is also growing and is indicative of the underlying value of this investment.

20-Jun-2011
(Official Notice)
The Johannesburg Stock Exchange ("JSE") wishes to advise that Huge Group Ltd have failed to submit provisional reports within the three- month period stipulated in the JSE's Listings Requirements. Accordingly, the company?s listings on the JSE TRADELECT system have been annotated with an "RE" to indicate that the companies have failed to submit their provisional reports timeously and that the listing of the company securities are under threat of suspension and possible termination. Should the companies still fail to submit their provisional reports by 30 June 2011 their listings will be suspended. This announcement has been placed by the JSE in the interest of shareholders.
08-Jun-2011
(Official Notice)
Huge is currently finalising its financial results for the year ended 28 February 2011. Shareholders were accordingly advised that a reasonable degree of certainty exists that the company's earnings per share ("EPS") and headline earnings per share ("HEPS") will be between (14.5)c and (15.5)c for the year ending 28 February 2011, compared to the 8.58c (EPS and HEPS) reported for the year ended 28 February 2010.
01-Jun-2011
(Official Notice)
Shareholders are advised that the company is busy clarifying the appropriate accounting treatment relating to certain asset and liability balances as at 28 February 2011 with its auditors, KPMG Inc. Accordingly, the board of directors is not currently in a position to authorize the release of the audited consolidated annual financial statements of the company and its subsidiaries for the year ending on 28 February 2011. Consequently, shareholders should expect a short delay in the publication thereof. Shareholders are advised that the results for the year ended 28 February 2011 are expected to be more than 20% lower than the results for the year ended 28 February 2010.
01-Jun-2011
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the company announce the resignation of Ms Yvette Neveling as the acting financial director of Huge Group Ltd with immediate effect. Mr James Herbst will take on the role of acting financial director until such time as a permanent replacement is made.

25-May-2011
(Official Notice)
10-May-2011
(Official Notice)
Further to the cautionary announcement issued on 29 March 2011, shareholders are advised that negotiations are ongoing and that they should continue to exercise caution when dealing in their securities until a further announcement is made.
01-Apr-2011
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Huge announced that the role of Mr Anton Daniel Potgieter has changed from that of executive director to a non-executive director of the company with effect from 1 April 2011.
29-Mar-2011
(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.
13 Dec 2010 08:54:57
(Official Notice)
The company announced the following changes to the board of directors of Huge:

* Ms Yvette Neverling has been appointed as acting group financial director with effect from 8 December 2010.

* Mr Don Tredoux, a non-executive director, has resigned from the board of Huge Group with effect from 8 December 2010.
29 Nov 2010 14:30:38
(Official Notice)
Shareholders are referred to the cautionary announcements dated 18 August 2010, 04 October 2010 and 15 November 2010 respectively, and are advised that as the contents referred to therein have ceased to have any relevance or effect on the company, caution is no longer required to be exercised by shareholders when dealing in their securities.
25 Nov 2010 18:22:31
(C)
Revenue fell to R275.4 million (R282 million), on the other hand gross profit increased to R52.6 million (R51.1 million). The company recorded an operating loss of R4.2 million (profit of R3.1 million), while net profit attributable to ordinary equity holders of the company turned around to a profit of R9.6 million (loss of R5.9 million). In addition, headline earnings per share was recorded at 9.42cps (loss of 5.46cps).



Dividend

No dividend was declared in the period under review.



Prospects

While the Group anticipates increasing returns from its investment in Huge Telecom in the medium to long term, factors outside the control of the directors, such as the termination of CIBs, negatively impacted the profitability of the company in the current period. Accordingly, Huge Telecom is focussing on ensuring that the company has the required flexibility to navigate any short term industry changes. Investor interest in the eyeballs technology is growing and is indicative of the underlying value of this investment.
15 Nov 2010 09:00:46
(Official Notice)
Further to the cautionary announcement issued on 18 August 2010 and 04 October 2010 respectively, shareholders are advised that negotiations are ongoing and that they should continue to exercise caution when dealing in their securities until a further announcement is made.
15 Nov 2010 08:57:02
(Official Notice)
Shareholders were advised that a reasonable degree of certainty exists that the company will move from an attributable loss to an attributable profit and thus earnings per share ("EPS") for the six months ended 31 August 2010 will be between 280% and 300% higher than the 5.43 cents loss per share reported in the prior comparative period. Similarly, headline earnings per share ("HEPS") for the six months ended 31 August 2010 will be between 280% and 300% better than the 5.46 cents headline loss per share reported for the period ended 31 August 2009.
08 Oct 2010 09:51:33
(Official Notice)
The company announced the following changes to the board of directors of Huge:

* Mr A Potgieter has handed over the position of chairman with effect from 6 October 2010. He will remain as an executive director of the board of Huge and as managing director of Huge Media.

* Mr S Tredoux has changed his role from a non-executive director to become the non-executive chairman of the group with effect from 6 October 2010.

* As previously announced, Mrs M Meth will be resigning as the financial director of Huge, which resignation will be with effect from 22 October 2010, to take up a senior post with another company.

* Mr J Herbst will be acting as interim financial director whilst the company secures a new full time financial director.

* Mr K Jarvis will remain as lead independent director of Huge.
05 Oct 2010 08:01:15
(Official Notice)
Huge announced the resignation of Mrs Michelle Meth as the financial director of Huge Group Ltd. Michelle will be taking up a senior post with another company.
04 Oct 2010 16:52:46
(Official Notice)
Shareholders are advised that, with the exception of ordinary resolution number 10 (a general authority to allot and issue shares for cash), which resolution was not passed at the annual general meeting, all the resolutions proposed at the annual general meeting held on Friday, 1 October 2010, were duly passed by the requisite majority of shareholders. The special resolution will be submitted to CIPRO for registration in due course.
04 Oct 2010 08:43:25
(Official Notice)
Further to the cautionary announcement issued on 18 August 2010, shareholders are advised that negotiations are ongoing and that they should continue to exercise caution when dealing in their securities until a further announcement is made.
09 Sep 2010 07:56:32
(Official Notice)
Shareholders are advised that the AGM of shareholders will be held on Friday, 01 October 2010 at 10h00 in Johannesburg at Huge Group Ltd, Block 2, Woodlands Drive Office Park, 5 Woodlands Drive, Woodmead, Johannesburg and not 14h00 as stated in the SENS announcement published on 02 September 2010.
02 Sep 2010 09:59:37
(Official Notice)
Huge confirmed that there was no change in the summarised audited results of the company for the year ended 28 February 2010 which were released on SENS on 01 June 2010. Shareholders are also advised that the annual general meeting of shareholders will be held on Friday, 01 October 2010 at 14h00 in Johannesburg at Huge Group Ltd, Block 2, Woodlands Drive Office Park, 5 Woodlands Drive, Woodmead, Johannesburg.
18 Aug 2010 17:55:43
(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.
10 Aug 2010 16:04:12
(Official Notice)
The company announced the resignation of Mr Manogaran Pillay as an executive director. Mr Pillay shall remain as a director of two subsidiaries, namely Huge Telecom (Pty) Ltd and CentraCell (Pty) Ltd, on which two companies he wishes to focus his attention going forward.
21 Jun 2010 09:49:04
(Official Notice)
Shareholders are advised that the company has been repurchasing its securities under its general authority to repurchase up to 20% of its issued securities as approved by shareholders in general meeting on Friday, 27 November 2009. On Friday, 18 June 2010, the company purchased securities, reaching 3.91% of its securities in issue at the date of shareholder approval.



The highest and lowest price paid during the period was 80 cents and 75 cents respectively, with a total of 4 365 255 shares repurchased at a total value of R3 326 104. The shares were repurchased utilising internal cash flows of the group. There are 14 080 573 ordinary shares, representing 12.60% of the issued ordinary share capital of Huge, remaining as available for repurchase in accordance with the general authority.



The directors of Huge, after considering the effect of the above repurchase, are of the view that the company and the group:

* will be able, in the ordinary course of business, to pays its debts;

* that the assets will be in excess of the liabilities; and

* the share capital and reserves will be adequate for ordinary business purposes;

* the working capital will be adequate for ordinary business purposes, for a period of twelve months after the date of this announcement.
01 Jun 2010 08:15:03
(C)
Revenue decline to R573.5 million (R608.5 million) and operating profit decreased to R3.3 million (R23.3 million). However, net attributable profit rose to R9 million (R7.4 million). In addition, headline earnings per share grew to 8.79cps (6.85cps).



Outlook

In the next period, the group anticipates increasing returns from its investment in Huge Telecom. In addition, the group expects the growth of Huge Media and Eyeballs to contribute to group returns. Investor interest in Eyeballs is growing and is indicative of the underlying value of this investment.
28 May 2010 12:29:35
(Official Notice)
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ, by at least 20%, from the financial results for the corresponding period in the prior year. Huge is currently finalising its financial results for the year ended 28 February 2010 and expect to announce them on 31 May 2010. Shareholders are accordingly hereby advised that a reasonable degree of certainty exists that the company's earnings per share ("EPS") will be 25.8% higher than the 6,82c (EPS) reported for the year ended 28 February 2009. Headline earnings per share ("HEPS") will be 29.6% higher than the 6,85c (HEPS) reported for the year ended 28 February 2009.
03 May 2010 15:11:45
(Official Notice)
Huge is currently finalising its financial results for the year ended 28 February 2010, expected to be announced on 31 May 2010. Shareholders are accordingly hereby advised that a reasonable degree of certainty exists that the company's earnings per share will be 30% to 50% higher than the 6.82c (EPS) reported for the year ended 28 February 2009. Headline earnings per share will be 40% to 60% higher than the 6,85c (HEPS) reported for the year ended 28 February 2009.
03 May 2010 11:51:41
(Official Notice)
Shareholders are referred to the previous announcement dated 27 November 2009 and 29 March 2010, and are advised that the circular mentioned therein has been finalized by the directors of the company and has been submitted to the JSE for formal approval. It is anticipated that the document will be posted on or about 17 May 2010 with a general meeting of the company to be scheduled on or about 8 June 2010. Shareholders will be advised of the date of the general meeting on the day the circular is posted to them.
09 Mar 2010 13:32:45
(Official Notice)
Shareholders are referred to the previous announcement dated 27 November 2009, and are advised that the circular mentioned therein is still in the process of being finalized. It is anticipated that the document will be posted on or about 29 March 2010.
09 Feb 2010 11:13:10
(Official Notice)
Shareholders are advised that the company has been repurchasing its securities under its general authority to repurchase up to 20% of its issued securities as approved by shareholders in general meeting on Friday, 27 November 2009. On Monday, 01 February 2010, the company purchased securities, reaching 3.06% of its securities in issue at the date of shareholder approval.
29 Jan 2010 11:38:17
(Official Notice)
Shareholders were advised that with effect from 01 February 2010 KPMG Inc will be appointed as the auditor of Huge Group Ltd. The audit committee has considered and confirmed the independence of KPMG Inc.
02 Dec 2009 08:29:02
(C)
Revenue declined to R282 million (R308.9 million). Operating profit decreased to R3.1 million (R33.8 million). A net loss for the period of R5.9 million (profit of R28.8 million) was made. However, a headline loss of 5.46cps (profit of 26.18cps) was recorded.



Outlook

Management is pleased that the integration of TelePassport (Pty) Ltd and CentraCell (Pty) Ltd is finally complete, after taking far longer than expected and impacting on the business during the period under review. Huge Telecom (Pty) Ltd, being a combination of the businesses of TelePassport and CentraCell, has a completely refocused and balanced executive team, the last position filled being that of the managing director: direct. This recent appointment augments the other two separately created business focus areas of Channel and Distribution, and Services. This completes the company's transition to a fully fledged managed telecommunications service provider with a focus on communications expense management services. The absence of revenue growth during the period is largely attributed to the integration and the diversion this created. Revenue growth should therefore resume with greater impetus in the new financial year. Management is hopeful of seeing the benefits of its recent restructuring in the last six months of the current financial year.



The company continues to perform well at an operating level. Notwithstanding the reductions in revenue over the period, the company has continued to maintain gross margins at acceptable levels. Adjusting for the seasonality of connection incentive bonuses, and accounting for depreciation as part of the cost of sales in the August 2009 results, gross margins for the period would have increased by 1.24%. This is equivalent to improved efficiencies. Cash flow generation is good and management is quietly optimistic about the future prospects of the business.
30 Nov 2009 16:39:12
(Official Notice)
Shareholders are advised that, with the exception of ordinary resolution number one (a general authority to allot and issue shares for cash), which resolution was not passed at the annual general meeting, all the resolutions proposed at the annual general meeting held on Friday, 27 November 2009, were duly passed by the requisite majority of shareholders. The special resolution will be submitted to CIPRO for registration in due course.
27 Nov 2009 17:43:23
(Official Notice)
The company is in the process of finalising a circular to shareholders which will contain a notice of general meeting whereby shareholders will be requested to ratify the purchase of SSF's by the company from deemed related parties as well as general purchases of SSF's, to the extent required by law as well as to authorise the possible future repurchase of the underlying securities in terms of a specific authority to repurchase shares. A circular is expected to be posted to shareholders within 28 days of this announcement.



Withdrawal of cautionary

Shareholders are referred to the previous cautionary announcements dated 30 March 2009, 16 July 2009, 31 August 2009 and 14 October 2009 respectively and are hereby advised that this cautionary has now been withdrawn.
12 Nov 2009 16:11:21
(Official Notice)
Shareholders are referred to the announcement released by the JSE on 12 November 2009, wherein the JSE issued a public censure of the company, and Herbst and Potgieter, and imposed fines on each of Herbst and Potgieter.

The board of directors of the company wish to stress the following:

*the matter with regard to the company is now closed as the censure has been received

*no fine has been imposed on the company

*there will be no costs to the company in terms of the fines imposed on Herbst and Potgieter

*Herbst and Potgieter have the full support of the board of the company with regard to a possible appeal, and there will be no costs to the company should Herbst and Potgieter take the matter on appeal.

12 Nov 2009 10:26:36
(Official Notice)
The JSE Ltd wishes to advise the following in view of its previous announcement dated 19 March 2009 concerning certain findings by the JSE in respect of the Huge group Ltd acquisition of Single Stock Futures positions from two executive directors of Huge, Messrs. James Herbst and Anton Potgieter and the resultant repurchases by Huge of its own securities:



*The directors furnished the JSE with their submissions regarding the imposition of an appropriate penalty on 30 September 2009. The JSE considered these submissions as well as all the other facts and information at its disposal and decided to impose the penalty of a public censure on the directors as well as a fine in an amount of R 5 000 000.00 each on Messrs. Potgieter and Herbst as a result of the breaches of their fiduciary duties as directors of Huge and their actions that had resulted in breaches by Huge of the listings requirements. The JSE informed the directors of its decision in its letter dated 9 October 2009.



*The directors objected to the penalties that the JSE had imposed and furnished the JSE with the reasons for their objections in letters dated 13 and 16 October and 2 November 2009. The JSE considered the objection lodged by the directors and dismissed their objection on 12 November 2009.
14 Oct 2009 16:26:58
(Official Notice)
Shareholders are referred to the previous cautionary announcements dated 30 March 2009, 16 July 2009 and 31 August 2009 respectively, and the announcement regarding the pro forma financial effects of the purchase of contracts for difference and single stock futures which was released on SENS on 2 July 2009, and are advised that these may still be subject to change. Accordingly, shareholders are advised to exercise caution when dealing in their Huge shares until such time as the published pro forma financial effects are confirmed or revised effects published.
12 Oct 2009 09:50:25
(Official Notice)
Huge is currently finalising its financial results for the interim period dated 31 August 2009 which results are expected to be announced during November 2009. Shareholders are accordingly hereby advised that a reasonable degree of certainty exists that the company's earnings per share and headline earnings per share will be 110% to 130% lower than the 26.18c (EPS) and 26.18c (HEPS) reported for the half year ended 31 August 2009.
09 Oct 2009 17:05:17
(Official Notice)
With effect from 07 October 2009, Mr Michael Beamish has been appointed to the board of the Huge as a non-executive director.
07 Sep 2009 10:01:53
(Official Notice)
The board of directors of Huge are pleased to announce the change in role of Mr Ken Jarvis from non-executive director to lead independent director. This change is in line with the imminent implementation of King III and further enhances the company's compliance therewith.
31 Aug 2009 17:19:24
(Official Notice)
Changes have been made to the provisional financial statements that have been audited. The annual general meeting has been set for 27 November 2009 at 14:00 at Block 2, Huge Group Ltd, 5 Woodlands Drive, Woodmead, Johannesburg.
31 Aug 2009 17:17:23
(Official Notice)
Shareholders are referred to the previous cautionary announcements dated 30 March 2009 and 16 July respectively, and the announcement regarding the pro forma financial effects of the purchase of contracts for difference and single stock futures which was released on SENS on 2 July 2009, and are advised that these may still be subject to change. Accordingly, shareholders are advised to exercise caution when dealing in their Huge shares until such time as the published pro forma financial effects are confirmed or revised effects published.
14 Aug 2009 11:19:29
(Official Notice)
Shareholders are advised that Stephen Peter Tredoux, an executive director of Huge Group Ltd, has resigned as an employee of Huge Telecom (Pty) Ltd, being a wholly owned subsidiary of Huge. Mr. Tredoux who has resigned with effect from 1 August 2009.
16 Jul 2009 17:17:41
(Official Notice)
Shareholders are referred to the previous cautionary announcement dated 30 March 2009, and the announcement regarding the pro forma financial effects of the purchase of contracts for difference and single stock futures which was released on SENS on 2 July 2009, and are advised that these may be subject to change. Accordingly, shareholders are advised to exercise caution when dealing in their Huge shares until such time as the published pro forma financial effects are confirmed or revised effects published.
02 Jul 2009 17:09:15
(Official Notice)
Further to the announcements dated 16 March 2009 and 17 March 2009 respectively, relating to the purchase of Single Stock Futures and Contracts for Difference as well as the cautionary announcements dated 30 March 2009 and 21 May 2009 respectively, the pro forma effects of the purchase of the SSF's and CFD's on the reviewed results of Huge, as well as the pro forma effects of any future repurchase of the underlying securities is set out below. For purposes of the income statement, the purchase of the SSF's and CFD's has been assumed from 01 March 2008 and for purposes of the balance sheet, the purchase has been assumed with effect from 28 February 2009.



The pro forma financial effects, which are the responsibility of the directors, have been prepared for illustrative purposes only and, due to their nature, may not fairly present Huge`s financial position, changes in equity, results of operations or cash flows. These pro forma effects have been reviewed by the auditors of the company, Horwath Leveton Boner whose report is available for inspection at the company's registered office.



Shareholders are also advised that a circular to shareholders is currently being drafted in relation to, inter alia, the specific authority to repurchase the underlying securities in relation to the above SSF's and CFD's.



Withdrawal of Cautionary Announcement

Shareholders are referred to the previous cautionary announcement dated 30 March 2009 and 21 May 2009, and are advised that the cautionary announcement is now withdrawn.
12 Jun 2009 11:04:48
(Official Notice)
Shareholders are referred to the announcements dated 3 April 2009 and 21 May 2009 respectively, and are advised that the contents referred to therein have ceased to have any relevance or effect on the company, caution is no longer required to be exercised by shareholders when dealing in their securities.
12 Jun 2009 08:54:16
(Media Comment)
Business Day reported that Huge has quietly abandoned plans to delist from the AltX. Chairman Anton Potgieter commented that "we have no plans to delist, it was just mooted as a possible option at one point".
29 May 2009 14:41:41
(C)
Revenue increased from R243 543 million to R605 848 million in 2009.Gross profit decreased to R58 742 million (2008:R125 930 million). Profit attributable to ordinary shareholders decreased to R7 437 million (R26 252 million). Headline earnings on a per share basis decreased to 6.85cps (44.15cps).



Dividends per share

No final dividend was declared for the period under review.



Prospects

The South African telecommunications market for mobile voice traffic has slowed in the last twelve months but is still growing at around 12% per annum. The scope for organic growth in managed telecommunications is capable of exceeding the growth rates of the broader mobile telecommunications market. The African telecommunications market, and particularly the advent of VoIP technology, shows the latest trend towards an increase in telecommunication routing alternatives and this increases the growth opportunity for communications services companies involved in managing telecommunications both domestically and abroad.



Huge Telecom's revenue is by nature recurring or annuity-based and the monthly annuity book has a value in excess of R50.5 million per month, representing corporate customers, and this represents the embedded/in-force/book value of the company. This monthly revenue can generate annual turnover of R620 million and at a gross profit margin of 21% could contribute approximately R130 million to the gross margin of an existing competitor with a marginal corresponding increase to their overhead. The value of Huge Telecom is therefore underpinned by this potential competitive marginal profit contribution and this further underpins the inherent value of Huge.



Despite current market conditions we remain confident that the group is able to build on its solid platform, retain its large strategic clients and grow further in the next year. Additional focus and effort will be expended on retaining existing clients and building new relationships.
21 May 2009 16:38:49
(Official Notice)
Huge is currently finalising its financial results for the year ended 28 February 2009, expected to be announced on 29 May 2009.



Shareholders are advised of the following summary of certain financial events, many of them once-off, that occurred during the 2009 financial year. The company sought to acquire iTalk Cellular (Pty) Ltd ("iTalk") in the current year. Had the company been successful in acquiring iTalk, costs of R3.4 million would have been capitalised as part of the acquisition cost of iTalk. Instead, this cost has been assigned to the income statement. The effect of this is the reduction of EPS and HEPS by 2.2 cps. Human capital is a vital component of the competitive advantage of a company in the managed telecommunications industry. Human capital contributes 67% of total overhead in Huge Telecom (Pty) Ltd, the principal subsidiary of Huge. The cost of recruiting and training new staff if employees are lost to outside parties and competitors is high. The loss of intellectual capital and competitive advantage is even greater when these staff members are poached by competitors of the company, making it imperative to achieve the medium and long term benefits of a stable workforce.



In the current financial year the company is please to report that it has successfully achieved this stability, through the payment of staff retention incentives in the form of restraint of trade agreements to key staff members (however specifically excluding all Huge Group directors). These restraint agreements were in the amount of R4.3 million. The effect of these payments is the reduction of EPS and HEPS by 2.9 cps.



In summary, for the current financial period, the combined effects of the costs of the iTalk acquisition bid, the relocation and integration costs, the SSF and CFD transaction costs, and the tougher trading environment, will lead to an estimated combined reduction in operating profit of approximately 27.9 cps, the majority of which are once-off and exceptional items experienced in the current financial year as described above. Shareholders are advised that a reasonable degree of certainty exists that the company's earnings per share and headline earnings per share will be 80% to 90% lower than the 44,17 (EPS) and 44,15 (HEPS) cents reported for the year ended 29 February 2008.
03 Apr 2009 16:30:37
(Official Notice)
Shareholders are advised that the board is in preliminary discussions regarding the structure, funding and outcome of a transaction that, if proposed, would result in the same offer being made to all shareholders for them to sell, on a voluntary basis, all or some of their shares in the company for a cash price. The board has appointed a committee of independent directors to consider the proposed transaction. The committee, on behalf of the board, will obtain independent expert advice.

As regards the proposed transaction and offer:

*Holders of a significant number of the issued shares of the company have irrevocably undertaken to support the proposed transaction and to accept an offer to purchase all their shares in the company for a cash price of not less than 160 cents per share, provided that the offer is made and, should the offer trigger a change in control of the company, the Securities Regulation panel is provided with the cash confirmation required under the SRP Code no later than 29 May 2009.

* A financial investor has expressed interest in investing in the business of the company such that this investment would provide a source of the funding for acceptances of the offer.

*The interest of the financial investor in investing in the business of the company is premised on its investment being into an unlisted company.

*Implementation of the proposed transaction, which would be subject to conditions, including the outcome of a due diligence investigation into the company and the requisite shareholder and regulatory approvals, would be likely to entail the de-listing of the company.

This announcement does not reflect or constitute a firm intention to make any offer to shareholders of Huge and no such offer may follow. Pending further announcements, shareholders are advised to exercise caution when dealing in their Huge shares.
30 Mar 2009 11:07:33
(Official Notice)
Shareholders are referred to the previous announcement dated 17 March 2009 which outlined the purchase of the single stock futures and contracts for difference in Huge, related specific repurchase of securities and withdrawal of cautionary announcement. Shareholders are advised that the company is consulting with an IFRS specialist in order to show both the pro forma effects of the single stock futures and the contracts for difference as well as the pro forma effects of the proposed repurchase of shares. Shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made in this regard.
19 Mar 2009 08:40:51
(Media Comment)
Directors of the Huge Group are facing potential fines of up to R5 million each for breaching JSE rules in a gamble that commits the company to buy back it's shares in the future at treble the current trading price. The board acted without shareholder approval in constructing a deal that evidently saw CEO James Herbst and Chairman Anton Potgieter convert some of their own shares into futures to raise money to lend to Huge at a rate of prime less 3%. The JSE said Huge broke the rules when it bought those single-stock futures from the directors.
17 Mar 2009 08:05:21
(Official Notice)
16 Mar 2009 18:07:22
(Official Notice)
Shareholders are advised that on 16 October 2008 Huge purchased 80 455 SSF's, representing 8 045 500 shares in Huge, at a spot price of 362 cents per share. The purchase of either SSF's or contracts for difference ("CFD's) was authorised by a resolution of the board of directors of the company, which was passed on 11 June 2008. Watermark Securities (Pty) Ltd ("Watermark") was then mandated to acquire CFD's and SSF's on behalf of Huge. The future price approximated the market price of the company's securities at the date of entering into the derivative contracts. The purchase of the SSF's was from Watermark following the prior close out of two directors' SSF positions, namely J Herbst and A Potgieter, as announced on SENS on 17 October 2008.



Pursuant to a ruling by the JSE Ltd ("JSE"), and following representations by Huge to the contrary, the JSE has held that the purchase of the SSF's constituted a repurchase of the company's shares from a related party as defined in section 5.69 of the JSE Listings Requirements, and is therefore in contravention of the JSE's Listings Requirements. Accordingly, the company has been advised that a circular to shareholders must now be issued and shareholder approval for the future specific repurchase of the underlying securities must be obtained. A circular in this regard is in the process of being prepared and shall be mailed to shareholders in due course. The shares will be repurchased from Syfrets Nominees (Pty) Ltd, a nominee company of Nedbank Ltd.



The SSF's were acquired utilizing internal cash flows of the group. As at the date of this announcement, the company is exposed to a potential future funding obligation of R4 523 193.15 in regard to these SSF's. Pro forma financial effects of the intended specific repurchase of securities arising from both the purchase of SSF's and CFD's will be announced shortly. Accordingly shareholder are advised to exercise caution in dealing in their securities until the pro forma financial effects are announced.
17 Feb 2009 10:36:26
(Official Notice)
With effect from 1 March 2009, Mrs Michelle Meth has been appointed to the board of directors as executive financial director.
10 Feb 2009 11:02:40
(Official Notice)
Shareholders are referred to the previous announcements dated 9 November 2007, 29 November 2007, 12 December 2007, 25 March 2008, and 27 June 2008 in which shareholders of Huge were advised that the formal sale of shares agreement ("Huge Sale Agreement"), dated 4 February 2008, between Huge and The Bebinchand Seevnarayan Trust ("the vendor"), in relation to the acquisition by Huge of 59% of the ordinary shares held by the vendor in iTalk as well as the shareholder claims on loan account held by the vendor against iTalk, remained subject to a number of suspensive conditions, which conditions were required to be fulfilled by no later than 31 December 2008.



MTN Group Ltd ("MTN") exercised its rights of pre-emption in terms of the shareholders' agreement with the Vendor in relation to iTalk. The transaction contemplated by MTN ("the MTN transaction") required a recommendation to be made by the Competition Commission to the Competition Tribunal for unconditional approval of the MTN transaction.



The suspensive conditions in the Huge Sale Agreement were therefore dependent on the outcome of the decision of the Competition Tribunal on the MTN transaction. On the 11 November 2008, the Competition Commission recommended the unconditional approval of the MTN transaction by the Competition Tribunal. Huge opposed the MTN transaction and made an application to the Competition Tribunal for leave to intervene in the merger proceedings.



This application for leave to intervene was dismissed and on 7 January 2009 the merger between MTN and iTalk was unconditionally approved. Accordingly the Huge Sale Agreement has lapsed because the suspensive conditions were not fulfilled within the required time period. The costs of the attempted acquisition of iTalk are estimated at approximately R3 million and will be written off in the 2009 financial year. The deposit of R5 million, plus interest, has been refunded to Huge.
06 Jan 2009 12:50:28
(Official Notice)
Shareholders are advised that the company has been repurchasing its securities over the past 5 months under its general authority to repurchase 20% of its issued securities as approved by shareholders in general meeting on Monday, 22 September 2008. On Friday, 02 January 2009, the company purchased securities, reaching an initial 3.883% of its securities in issue at date of shareholder approval.

The highest and lowest price paid during the period was 300 cents and 120 cents respectively, with a total of 4 340 046 shares repurchased at a total value of R5 568 648.83. The shares were repurchased utilising internal cash flows of the group.
12 Nov 2008 13:05:14
(Official Notice)
Mr Fensta Emmanuel "Chief" Lediga, the non-executive chairman of the group, and Mr Julian Arie Morelis, a non-executive director, have resigned from the board. In conjunction with the resignation of these directors, the board announced the appointment of Mr Anton Potgieter, as executive chairman and the appointment of Mr James Herbst as chief executive officer of the group. The restructure of the board is effective immediately. The board has identified and is in the process of negotiating with a preferred candidate to assume the role of chief financial officer. An announcement in this regard will be made in due course.
08 Oct 2008 08:35:35
(C)
Revenue increased to R308.9 million (R29.4 million). EBITDA rose to R44 million (R2.2 million) and attributable earnings to shareholders more than doubled to R28.8 million (R2 .1 million). Headline earnings amounted to 26.18cps.



Dividend

No interim dividend has been declared.



Prospects

Earnings growth rates in excess of 20% should therefore be achievable for the foreseeable future. Provided the market and Huge continue to grow at the same respective rates, Huge could see its market share expand further. The objectives for the coming period remain:

*Organic growth in Huge;

*Continued focus on operational and customer service excellence in Huge;

*Continued focus on leveraging efficiencies in Huge;

*Continued investment in and support of intellectual capital;

*Acquisitive growth into allied industries and markets; and

The introduction of further strategic and BBBEE shareholders.
29 Sep 2008 16:01:21
(Official Notice)
Shareholders are referred to the SENS announcement published on 12 December 2007 in which the directors of Huge published the unaudited results for the 6 month interim period to 31 August 2007, which reflected earnings per share and headline earnings per share of 3.5c. Huge's financial results for the 6 month interim period ended 31 August 2008 are expected to be announced on or about 10 October 2008. Shareholders are advised that a reasonable degree of certainty exists that the company's earnings per share and headline earnings per share will be between 750% and 770% higher than the 3.5c reported for the 6 month interim period ended 31 August 2007. As such it is expected that earnings per share and headline earnings per share for the 6 month interim period ended 31 August 2008 will be between 26.25c and 26.95c per share. Shareholders are reminded that the earnings per share and headline earnings per share for the 6 month interim period that ended on 31 August 2007 consisted of the trading results of the company for only one month after listing. For perspective, the current expected increase in earnings per share and headline earnings per share for the 6-month interim period that ended on 31 August 2008 would be 25% to 28.33% higher than the corresponding full 6 month period in the previous year, calculated on the August 2007 run rate. This trading statement has not been reviewed or reported on by the company's external auditors.
23 Sep 2008 08:18:39
(Official Notice)
Shareholders are advised that at the AGM of Huge held at 10:00 on Monday, 22 September 2008, all the ordinary resolutions, as proposed in the notice to the AGM, were passed by the requisite majority of shareholders.
12 Sep 2008 07:52:11
(Official Notice)
Huge announced the appointment of Arcay Client Services (Pty) Ltd as the company secretary of Huge, with immediate effect.



Cancellation of specific repurchase of shares

Shareholders are referred to the previous announcement dated 3 July 2008 wherein the repurchase of 13 050 205 ordinary shares in the share capital of the company at 362 cents per share was announced, and are advised that certain conditions precedent were not fulfilled. Accordingly, the agreements of sale have lapsed and the repurchase shall no longer be effected.
04 Sep 2008 16:37:38
(Official Notice)
The board is pleased to advise that a maiden cash dividend to shareholders for the year ended 29 February 2008 has been declared of 12cps.
02 Sep 2008 08:05:25
(Official Notice)
With effect from 1 September 2008, Mr Kenneth Delroy Jarvis has been appointed to the board of directors as an independent non-executive director.
28 Aug 2008 17:09:41
(Official Notice)
With regard to the reviewed results for the year ended 29 February 2008, shareholders are advised that the annual financial statements have been posted to shareholders and contain no modifications to the reviewed results which were published on SENS on 27 May 2008.



Notice is hereby given that the annual general meeting of ordinary shareholders will be held at Main Boardroom, Block 2, Woodlands Drive Office Park, 5 Woodlands Drive, Woodmead, Johannesburg on Monday, 22 September 2008 at 10:00 to transact the business as stated in the annual general meeting notice, forming part of the annual financial statements.



Shareholders are advised that the company is no longer involved in negotiations as previously announced on 4 July and 15 August, respectively. Accordingly, the cautionary announcement has been withdrawn and shareholders need no longer exercise caution when dealing in the company`s securities.
15 Aug 2008 08:08:06
(Official Notice)
Shareholders are advised that certain negotiations referred to in the last cautionary are still in progress. Shareholders are accordingly advised to continue to exercise caution in dealing with Huge shares until a further announcement in this regard is made.
05 Aug 2008 11:45:47
(Official Notice)
With effect from 1 August 2008, Mr Donovan Tredoux has been appointed to the board of directors.
04 Jul 2008 10:02:04
(Official Notice)
On 2 July 2008 Huge entered into preliminary discussions with third parties involving the release of certain confidential information; this confidential information is being released in order for the parties to reach a decision on whether or not such discussions should lead to formal negotiations. At present the parties have not entered into formal negotiations. In the event that these discussions lead to formal negotiations, the successful conclusion of those formal negotiations may have an effect on the share price of Huge. Accordingly, shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
03 Jul 2008 09:55:38
(Official Notice)
Shareholders are advised that in terms of sale agreements signed on 3 July 2008, Huge Telecom (Pty) Ltd has acquired 13 050 205 ordinary shares of R0.0001 each in the share capital of the company, at a price of 362 cents per share, representing 12.22% of the entire issued share capital of Huge in terms of sale of shares agreements signed with Independent Securities (Pty) Ltd and Praesidium Capital Management (Pty) Ltd. The effective date of the sale transactions is 1 July 2008.
01 Jul 2008 08:04:53
(Media Comment)
Shares in Huge tumbled 5.44%, or 19c, to R3.30 on Monday, 30 June 2008, after news that its R511 million bid for iTalk Cellular ("iTalk") was being jeopardised by MTN bidding for the 59% of iTalk it does not already own. Business Day reported that Huge is now preparing to challenge in MTN in court.
27 Jun 2008 16:06:01
(Official Notice)
The formal sale of shares agreement, dated 4 February 2008, between Huge and The Bebinchand Seevnarayan Trust, in relation to the acquisition by Huge of 59% of the ordinary shares held by the Vendor in iTalk, as well as the shareholder claims on loan account held by the Vendor against iTalk, remains subject to certain suspensive conditions, which conditions are required to be fulfilled by no later than 31 December 2008.



Huge has received Competition Commission approval for the implementation of the transaction in terms of the Sale Agreement. MTN Group Ltd has exercised its rights of pre-emption in terms of the shareholders` agreement with the Vendor in relation to iTalk. The transaction contemplated by MTN Group Ltd will require a recommendation to be made by the Competition Commission to the Competition Tribunal for unconditional approval of the transaction contemplated by MTN Group Ltd. Huge intends to oppose the transaction contemplated by MTN Group Ltd in the event that the Competition Commission recommends the unconditional approval of the transaction by the Competition Tribunal.
27 May 2008 11:44:00
(C)
For its maiden results as a listed entity, Huge reported revenue of R243.5 million. Gross profit amounted to R54.2 million and earnings attributable to ordinary shareholders came in at R26.3 million. In addition, headline earnings on a per share basis was 44.15cps.



Dividend

A final ordinary dividend of 12cps has been proposed.



Proposed

The scope for organic growth in managed telecommunications is capable of exceeding the growth rates of the broader mobile telecommunications market. Earnings growth rates in excess of 20% should therefore be achievable for the foreseeable future.



The African telecommunications market, and particularly the advent of VoIP technology, represents the latest trend towards an increase in telecommunication routing alternatives and this increases the growth opportunity for communications services companies involved in managing telecommunications both domestically and abroad.



The company is well positioned to increase its market share in managed telecommunications above the current 18% level. Furthermore increased subscriber numbers have historically lead to greater margins given the economics of the industry and as such these should improve by at least a further 3% this year.
24 Apr 2008 09:11:40
(Official Notice)
Shareholders are referred to the SENS announcement published on 4 October 2007 in which the directors of Huge revised the profit forecast that was included in the prospectus published on 1 August 2007 (in which the earnings per share for the twelve month period ended 29 February 2008 was forecast at 16.42c) reflecting an increased expectation of earnings and headline earnings per share of 34.77c in order to include the effects of the shorter reporting period of Huge for the year ended 29 February 2008 (being a seven month period and not a twelve month period to 29 February 2008) as well as the potential effects of the acquisition of CentraCell (Pty) Ltd ("CentraCell"). Huge's financial results for the year ended 29 February 2008 (reflecting a seven month trading period) are expected to be announced on or about 26 May 2008. Shareholders are advised that a reasonable degree of certainty exists that the company's earnings per share and headline earnings per share are expected to be 10% to 20% higher than the 34.77c more recently forecast in the revised profit forecast published on SENS on 4 October 2007. Although the acquisition of CentraCell only became effective on 15 February 2008 (resulting in a contribution of one month of trading results), the improved performance is primarily due to the increase in contracted annuity income from organic growth of the company's principal subsidiary Huge Telecom (Pty) Ltd (previously TelePassport (Pty) Ltd), the generation of additional operating efficiencies as well as certain taxable benefits derived from the utilisation by the group of certain assessed losses available in CentraCell. This trading statement has not been reviewed or reported on by the company's external auditors.
28 Mar 2008 17:51:15
(Official Notice)
With effect from 26 March 2008, Mr Stephen Peter Tredoux, Mr Manogaran Pillay and Mr Julian Arie Morelis have been appointed to the board of directors. Mr Mogamad Rhamees Nordien has resigned from the board of Huge but remains an executive director of Huge Telecom (Pty) Ltd, a wholly owned subsidiary of Huge.



After the above changes the board will comprise the following:

*Mr Emmanuel Fentse Lediga - Non-executive Chairman

*Mr Anton Daniel Potgieter - Chief Executive Officer

*Mr James Charles Herbst - Group Financial Director

*Mr Brian Alexander McQueen - Non-executive Director

*Mr Vincent Mokhele Mokholo - Executive Director

*Mr Julian Arie Morelis - Executive Director

*Mr Manogaran Pillay - Executive Director

*Mr Stephen Peter Tredoux - Executive Director
28 Mar 2008 08:25:24
(Official Notice)
Shareholders are advised that in terms of sale agreements signed on 27 March 2008, Huge has acquired 2 500 ordinary shares of R1 each in the share capital of Eyeballs, representing 25% of the entire issued share capital of Eyeballs, from The Benson Trust, The 59 Kloofnek Trust and Nathan Lewin for an undisclosed amount. The effective date of the sale transactions is 1 January 2008.



Shareholders are referred to the cautionary announcement dated 11 March 2008, and are advised that as a result of this announcement the cautionary announcement in relation to this transaction is now withdrawn.
25 Mar 2008 16:30:41
(Official Notice)
Shareholders are referred to the previous announcements dated 9 November 2007, 29 November 2007, and 12 December 2007, and are advised that the formal sale of shares agreement, dated 4 February 2008, between Huge and The Bebinchand Seevnarayan Trust, in relation to the acquisition by Huge of 59% of the ordinary shares held by the Vendor in iTalk as well as the shareholder claims on loan account held by the Vendor against iTalk, has now been signed.



In terms of the Sale Agreement, Huge shall issue 93 000 000 ordinary shares of one hundredth of 1c each to the Vendor at an issue price of 550cps, being a premium of 549.99cps. In terms of an option agreement between Huge and the Vendor, Huge has granted the Vendor an option to require Huge to acquire the Vendor Consideration Shares at a price of 335.27cps, such option to be exercised on or before 30 June 2008. In terms of the Option Agreement, Huge has secured an option which entitles Huge to acquire the Vendor Consideration Shares at a price of 550cps, such option to be exercised on or before 30 June 2010. Huge has secured undertakings from a number of institutions to subscribe for 23 809 524 Vendor Consideration Shares and has also secured debt funding from Investec Private Bank, a division of Investec Bank Ltd, to enable Huge to acquire 69 190 476 Vendor Consideration Shares should the Vendor elect to exercise the put option. A circular to shareholders is in the process of being compiled and shall be posted before the end of April 2008.
11 Mar 2008 07:48:44
(Official Notice)
Huge has entered into further negotiations with additional parties where the subject matter of such negotiations is not related to the acquisition by Huge of 59% of the ordinary shares in iTalk Cellular (Pty) Ltd. These negotiations are in addition to current negotiations being undertaken by Huge in relation to its acquisition of iTalk and the further cautionary announcement released on SENS on 29 February 2008. Shareholders are advised that the further information referred to in the cautionary announcement released on SENS on 29 February 2008 will be released shortly. The additional negotiations referred to may have an effect on the share price of Huge and accordingly, shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
27 Feb 2008 10:37:06
(Official Notice)
The acquisition of iTalk (Pty) Ltd by Huge will be announced shortly, which may have an effect on the share price of Huge. Accordingly, shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
19 Feb 2008 13:05:10
(Official Notice)
Shareholders are referred to the announcement dated 14 August 2007, which detailed the acquisition by Huge of the entire share capital of and shareholders' claims on loan account against CentraCell from Julian Arie Morelis and Alexander John Morelis ("the sale transactions") for a total consideration of R80 032 000. The acquisition was subject to Competition Commission approval. This approval has now been obtained and the acquisition is now accordingly unconditional. In terms of the agreement, the acquisition is effective from the date on which Competition Commission approval was obtained, being 15 February 2008.
09-Oct-2018
(X)
Huge is an investment holding company holding investments in subsidiary companies operating in the telecommunications, media, technology and software industries. The Company maintains a listing on the Main Board of the JSE Ltd. and, a secondary listing on A2X Markets, and conducts its business principally within South Africa but also in Botswana, Lesotho, Mozambique, Namibia, Swaziland, Zambia and Zimbabwe.


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