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

29-Sep-2017
(Official Notice)
Shareholders are referred to the announcement dated 18 September 2017 regarding the notice of an investor relations meeting for the purposes of presenting the 2017 results for the interim period ended 30 June 2017.



The investor relations meeting was held today, Friday, 29 September 2017. A full copy of the presentation, including shareholder questions and answers can be found on the Company?s website at: www.howden.com/about/hahl-investor-relations

18-Sep-2017
(Official Notice)
Shareholders are advised that the Company will be holding an investor relations meeting for the purposes of presenting the 2017 results for the interim period ended 30 June 2017.



The investor relations meeting will be held at 1a Booysens Road, Booysens, Johannesburg at 11:00 on Friday, 29 September 2017. Alternatively, the shareholders can join the meeting online or telephonically. Please contact the Company Secretary for online and telephonic meeting details.



The shareholders are invited to furnish in writing to the Company Secretary any questions that they wish the Company to consider for purposes of this investor relations meeting. The last day for furnishing the said questions is Wednesday, 27 September 2017. The Company will endeavour to address all pertinent questions on the day.
14-Sep-2017
(C)
Revenue rose by 20.7% to R848 million (2016: R702.8 million). Gross profit increased by 14.5% to R219.2 million (2016: R191.5 million). Operating profit shot up by 29.9% to R133.1 million (2016: R102.4 million). Profit for the period was 31% higher at R121.3 million (2016: R92.6 million). In addition, headline earnings per share was higher at 184.64 cents per share (2016: 140.83 cents per share).



Dividends

The directors have resolved not to declare a dividend (2016: nil).



Company outlook

Capital project spend within power generation, mining and general industry is expected to remain subdued. The Fans and Heat Exchangers division will continue to focus its strategy on the supply of services and spares to key industries. Pockets in the market within the Environmental Control division have seen recovery and key project awards have been received in the period for execution in the latter part of 2017. The Fabrication Technology division is expected to grow.

29-Aug-2017
(Official Notice)
HAHL shareholders are referred to the trading statement announced on 8 August 2017 wherein it was stated that the interim results for the period ended 30 June 2017 (?Interim Results?) are expected to be published on or about 31 August 2017. HAHL hereby advises that the Interim Results will now be published in the second week of September 2017.
08-Aug-2017
(Official Notice)
HHAHL hereby advises that for the interim period ended 30 June 2017, earnings per share ("EPS") and headline earnings per share (?HEPS?) are expected to increase by between 21% and 41%, resulting in EPS of between 170.42. and 198.59 and HEPS of between 170.56 cents and 198.72 cents per share as compared with EPS 140.85 cents and HEPS 140.83 cents per share for the comparative period.



The results for the interim period ended 30 June 2017are expected to be published on or about 31 August 2017.
02-Jun-2017
(Official Notice)
Shareholders are referred to the announcement released regarding the results of the annual general meeting (?the AGM?), and are advised that supplementary questions and answers (?Q - A?) were raised at the AGM. For the convenience of HAHL shareholders, a copy of the supplementary Q - A can be found on the Company?s website: www.howden.com/about/hahl-investor-relations
02-Jun-2017
(Official Notice)
Shareholders are advised that at the AGM held today, 01 June 2017, ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders except for ordinary resolution 8 (General authority to issue shares for cash). The statistics of the meeting are as follows:

*Total number of ordinary shares in issue in HAHL as at the date of the AGM: 65 729 109;

*Total number of issued ordinary shares that could have been voted at the AGM (excluding treasury shares): 65 729 109; and

*Total number of issued ordinary shares that were voted in person or by proxy at the AGM: 57 924 750 (which represents 88% of the Company?s total issued ordinary shares.
13-Apr-2017
(Official Notice)
Shareholders are referred to the announcement dated 03 April 2017 regarding the notice of an investor relations meeting for the purposes of presenting the 2016 year end results.



The investor relations meeting was held on Wednesday, Thursday, 13 April 2017. A full copy of the presentation, including shareholder questions and answers can be found on the company?s website at www.howden.com/about/hahl-investor-relations







03-Apr-2017
(Official Notice)
Shareholders are advised that that the company will be holding an investor relations meeting for the purposes of presenting the 2016 results. The investor relations meeting will be held at 1a Booysens Road, Booysens, Johannesburg at 11am on Thursday, 13 April 2017. Alternatively, the shareholders can join the meeting online or telephonically. Please contact the company secretary for online and telephonic meeting details.



The shareholders are invited to furnish in writing to the company secretary any questions that they wish the company to address at the investor relations meeting. The last day for furnishing the said questions is Friday, 07 April 2017. The company will endeavour to address all pertinent questions on the day.



Company Secretary contact details:

Craig Masson

Email: craig.masson@howden.co.za

Tel: 011 240 4000/4294

31-Mar-2017
(C)
Revenue for the year increased to 8.2% R1.6 billion (2015: R1.5 billion). Gross profit went up by 3.9% to R427.8 million (2015: R411.6 million). Operating profit lowered by 5.5% to R247.6 million (2015: R262 million). Total comprehensive income for the year dropped by 0.8% to R215.7 million (2015: R217.5 million). In addition, headline earnings per share increased by 0.8% to 332.36 cents per share (2015: 329.62 cents per share).



Dividends

The directors have resolved not to declare a dividend.



Company outlook

Capital project spend within power generation, mining and general industry is expected to remain subdued within South Africa. We continue to focus our strategy on the supply of services and spares to key industries and to pursue capital project opportunities within sub-Saharan Africa. The expectation is to grow the local market share of The Fabrication Technology division.



Notice of annual general meeting

Notice is hereby given that the annual general meeting (AGM) of shareholders of the company will be held at HAHL's registered office, on Thursday, 1 June 2017 at 1A Booysens Road, Booysens, Johannesburg, South Africa at 13:30 to consider and, if deemed fit, to pass with or without modification all of the ordinary and special resolutions as set out in the notice of AGM contained in the integrated report.



The record date for the purposes of determining the shareholders of the company entitled to receive the AGM notice is Friday, 24 March 2017.



The record date for purposes of determining which shareholders of the company are entitled to attend, participate in, and to vote at the AGM is Friday, 26 May 2017.



Accordingly, the last date to trade in the company's shares on JSE Ltd. in order to be eligible to attend, participate in and vote at the AGM is Tuesday, 23 May 2017.



08-Dec-2016
(Official Notice)
Shareholders are advised that Mr. Kevin Johnson, Chief Financial Officer and Executive Director, has resigned from his position effective, 8 December 2016. Mr. Johnson will be taking up a senior position within the Colfax Corporation.



HAHL also announces the appointment of Mrs. Marinella Vigouroux, effective 08 December 2016, to the position of Chief Financial Officer and Executive Director of HAHL.



26-Aug-2016
(Official Notice)
Shareholders are referred to the announcement dated 19 August 2016 regarding the notice of an investor relations meeting for the purposes of presenting the 2016 interim results.



The investor relations meeting was held on Friday, 26 August 2016. A full copy of the presentation including a questions and answers section can be found on the Company?s website at: www.howden.com/AboutUs/bu/HAHL/Pages/Investor-Relations.aspx
25-Aug-2016
(C)
Revenue for the year increased by 3.7% R702.8 million (2015: R677.5 million). Gross profit was 0.2% lower at R191.5 million (2015: R191.9 million). Operating profit decreased by 7.1% to R102.4 million (2015: R110.2 million). Profit for the period came in 1.2% higher at R92.6 million (2015: R91.5 million). Furthermore, headline earnings per share improved by 1.1% to 140.83 cents per share (2015: 139.29 cents per share).



Dividends

The directors have resolved not to declare a dividend (2015: nil).



Outlook

Capital project spend within power generation, mining and general industry is expected to remain subdued. The Fans and Heat Exchangers division will continue to focus its strategy on the supply of services and spares to key industries. Market conditions within the Environmental Control division are expected to remain challenging. The Fabrication Technology division is expected to grow.



19-Aug-2016
(Official Notice)
Shareholders are advised that the company will be holding an investor relations meeting for the purposes of presenting the 2016 interim results.



The investor relations meeting will be held at 1a Booysens Road, Booysens, Johannesburg at 10:00 on Friday, 26 August, 2016. Alternatively, the shareholders can join the meeting online or telephonically. Please contact the Company Secretary for online and telephonic meeting details.



The shareholders are invited to furnish in writing to the Company Secretary any questions that they wish the company to consider for purposes of this investor relations meeting. The last day for furnishing the said questions is Wednesday, 24 August 2016 The company will endeavour to address all pertinent questions on the day.
29-Jul-2016
(Official Notice)
The company announces the appointment of Craig R Masson as company secretary with effect from 1 August 2016.



03-Jun-2016
(Official Notice)
Shareholders are referred to the announcement dated 7 December 2015 and relevant resolution in relation thereto passed 1 June 2016.



Howden hereby confirms the appointment of Willie Thomson as Chief Executive Office from 1 June 2016.



01-Jun-2016
(Official Notice)
Shareholders are advised that at the AGM held today, 01 June 2016, ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders except for ordinary resolution 8 (Issue of shares for cash) and special resolution 3 (Authority to grant financial assistance in terms of section 44 of the Companies Act no. 71 of 2008).
12-May-2016
(Official Notice)
The company hereby advises of the resignation of HAHL?s company secretary, Carmen Koopman with effect from 31 July 2016.



The company will advise of a new appointment as soon as it has been made.





04-Apr-2016
(Official Notice)
Shareholders are referred to the announcements dated 1 April 2016 regarding the investor relations presentation, and are advised that additional questions and answers (?Q - A?) arose at the meeting. A copy of the supplementary Q - A can be found on the Company?s website at: http://www.howden.com/Resources/Documents/Supplementary%20QA%20from%20IR%20Meeting%20on%201% 20APRIL%202016%20%282%29.pdf
04-Apr-2016
(Official Notice)
Shareholders are advised that the Howden 2015 Integrated Annual Report (?Annual Report?) has been distributed today. The annual financial statements in respect of the year ended 31 December 2015 set out in the Annual Report contain no modifications to the reviewed provisional report for the same period, published on SENS on 30 March 2016.

The Annual Report will also be available on the Howden website: http://www.howden.com/AboutUs/bu/Howden/Pages/AnnualReports.aspx on Monday, 4 April 2016.



Notice is hereby given that the annual general meeting (?AGM?) of shareholders of the Company will be held at Howden?S registered office, on Wednesday, 1 June 2016 at 1a Booysens Road, Booysens, Johannesburg, South Africa at 13:30 to consider and, if deemed fit, to pass with or without modification all of the ordinary and special resolutions as set out in the notice of AGM contained in the Annual Report.



The record date for the purposes of determining the shareholders of the Company entitled to receive the AGM notice is Thursday, 24 March 2016 The record date for purposes of determining which shareholders of the Company are entitled to attend, participate in, and to vote at the AGM is Friday, 27 May 2016. Accordingly, the last date to trade in the Company?s shares on the JSE in order to be eligible to attend, participate in and vote at the AGM is Friday, 20 May 2016.
01-Apr-2016
(Official Notice)
Shareholders are referred to the announcement dated 8 March 2016 regarding the notice of an investor relations meeting for the purposes of presenting the 2015 year end results.



The investor relations meeting was held today, 1 April 2016. A full copy of the presentation is available on the company?s website at:

http://www.howden.com/Resources/Annual%20Reports/Howden%20Africa%202015%20Final%20Results%20Presentation. pdf.



A supplementary questions and answers document will be published on Monday, 4 April 2016 on the company?s website.
30-Mar-2016
(C)
Revenue for the year lowered by 6.6% to R1.5 billion (R1.6 billion). Gross profit decreased by 17.9% to R411.6 million (R501.5 million). Operating profit declined 19.8% to R262.0 million (R326.8 million). Total comprehensive income for the year fell 16.9% to R217.5 million (R261.7 million). In addition, headline earnings per share took a 19.6% knock to 329.62cps (410.22cps).



Dividend

The directors have resolved not to declare a dividend.



Outlook

Capital project spend within power generation, mining and general industry is expected to remain subdued. The company continues to focus on the supply of services and spares to key industries. Although the order intake in the Environmental Control division is ahead of the corresponding period in 2014, the division is experiencing challenging market conditions.
15-Mar-2016
(Official Notice)
Howden advised that for the year ended 31 December 2015, earnings per share ("EPS") and headline earnings per share (?HEPS?) are expected to decrease by between 10% and 30%, resulting in EPS of between 286.99 and 368.89 and HEPS of between 288.60 cents and 370.64 cents per share as compared with EPS 409.54 cents and HEPS 410.22 cents per share for the comparative period. The results for the year ended 31 December 2015 are expected to be published on or about 31 March 2016.
08-Mar-2016
(Official Notice)
Shareholders are advised that that the Company will be holding an investor relations meeting for the purposes of presenting the 2015 results. The investor relations meeting will be held at 1a Booysens Road, Booysens, Johannesburg at 10am on Friday, 1 April 2016. Alternatively, the shareholders can join the meeting online or telephonically. Please contact the Company Secretary for online and telephonic meeting details.



The shareholders are invited to furnish in writing to the Company Secretary any questions that they wish the Company to address at the investor relations meeting. The last day for furnishing the said questions is Tuesday, 29 March, 2016. The Company will endeavour to address all pertinent questions on the day.
07-Dec-2015
(Official Notice)
Shareholders are advised that the remuneration, nomination, social and ethics committee together with the board have confirmed that Thomas Barw?ld?s contract will be extended until the end of May 2016. Along with his role as a CEO of HAHL, Mr B?rwald will also resume a combined role as the CEO of HAHL, Howden Australia and Howden South East Asia.



HAHL is also pleased to announce the appointment of Mr. Willie Thomson as an alternative director to Mr. B?rwald and COO effective from 1 February 2016.



Mr Thomson has significant experience running a global heavy fan and heater business and has extensive end to end knowledge of procurement, manufacturing and service processes of the Howden core range fans - heaters. Howden UK is the global technology holder of Howden heater and core range fan products and Mr Thomson has significant product knowledge and its application in power and other industries.



In the interim Mr. B?rwald will commence the ?handover? and mentoring of Mr. Thomson who will effectively become the CEO of HAHL once Mr. B?rwald?s contract ends in May 2016. Mr Thomson will be contracted for a period of 2 years. In the longer term, HAHL shall endeavour to develop a South African person into this role.
11-Sep-2015
(Official Notice)
Shareholders are referred to the announcement dated 10 September 2015 regarding the investor relations presentation, and are advised that additional questions and answers (?Q - A?) arose at the meeting.



A copy of the supplementary Q - A can be found on the company?s website at: http://www.howden.com/AboutUs/bu/HAHL/Pages/Investor-Relations.aspx
10-Sep-2015
(Official Notice)
Shareholders are referred to the announcement dated 26 August 2015 regarding the notice of an investor relations meeting for the purposes of presenting the 2015 interim results.



The investor relations meeting was held today, Thursday, 10 September 2015. A full copy of the presentation including a questions and answers section can be found on the company?s website at:

http://www.howden.com/AboutUs/bu/HAHL/Pages/Investor-Relations.aspx
02-Sep-2015
(C)
Revenue was 9.9% lower at R677.5 million (R752.1 million). Gross profit fell 23.5% to R191.9 million (R250.8 million). Operating profit dropped 30.8% to R110.2 million (r159.2 million). Profit for the period decreased by 19.9% to R91.5 million (R114.2 million). Furthermore, headline earnings per share took a 19.9% knock to 139.29cps (173.84cps).



Dividends

The directors have resolved not to declare a dividend (nil).



Outlook

Capital project spend within power generation, mining and general industry is expected to remain subdued. The Fans and Heat Exchangers division continues to focus on the supply of services and spares to key industries. Although the order intake in the Environmental Control division is ahead of the corresponding period in 2014, the division is experiencing challenging market conditions.
26-Aug-2015
(Official Notice)
Shareholders are advised that that the company will be holding an investor relations meeting for the purposes of presenting the 2015 interim results.



The investor relations meeting will be held at 1a Booysens Road, Booysens, and Johannesburg at 15:00 on Thursday, 10 September, 2015. Alternatively, the shareholders can join the meeting online or telephonically. Please contact the company Secretary for online and telephonic meeting details.



The shareholders are invited to furnish in writing to the Company Secretary any questions that they wish the company to consider for purposes of this investor relations meeting. The last day for furnishing the said questions is Tuesday, 8 September, 2015. The company will endeavour to address all pertinent questions on the day.
28-Jul-2015
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd., a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will show a 20% or more difference from those of the previous corresponding period.



Howden hereby advises that for the interim period ended 30 June 2015 earnings per share ("EPS") and headline earnings per share (?HEPS?) are expected to decrease by between 10% and 30%, resulting in EPS and HEPS of between 121 cents and 156 cents per share as compared with 174 cents per share for the comparative period.



This financial information has not been reviewed and reported on by the auditors of Howden. The results for the interim period ended 30 June 2015 are expected to be published on or about 3 September 2015.
06-Jul-2015
(Official Notice)
02-Jun-2015
(Official Notice)
Shareholders are advised that at the AGM held today, 02 June 2015, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders as follows:

*Total number of ordinary shares in issue in HAHL as at the date of the AGM: 65 729 109;

*Total number of issued ordinary shares that could have been voted at the AGM (excluding treasury shares):65 729 109; and

*Total number of issued ordinary shares that were voted in person or by proxy at the AGM: 51 841 477 (which represents 78.88% of the Company?s total issued ordinary shares as well as 78.88% of the total number of issued ordinary shares that could have been voted).



Answers and questions raised at the AGM will be published on HAHL?s website in due course.

01-Jun-2015
(Official Notice)
02-Apr-2015
(Official Notice)
Shareholders are referred to the announcement dated 26 March 2015 regarding the notice of an investor relations meeting for the purposes of presenting the 2014 year end results.



The investor relations meeting was held on Tuesday, 31 March 2015. A full copy of the presentation including shareholder questions and answers can be found on the Company?s website at http://www.howden.com/AboutUs/bu/HAHL/Pages/Investor-Relations.aspx.
31-Mar-2015
(Official Notice)
Shareholders are advised that the HAHL 2014 Integrated Annual Report (?Annual Report?) has been posted on Tuesday, 31 March 2015. The annual financial statements for the year ended 31 December 2014, as set out in the Annual Report contain no modifications to the reviewed preliminary report for the same period, published on 25 March 2015. The Annual Report will also be available on the HAHL website: http://www.howden.com/AboutUs/bu/HAHL/Pages/AnnualReports.aspx on Tuesday, 31 March 2015.



Notice is hereby given that an annual general meeting of shareholders of the Company will be held at its registered offices on Tuesday, 02 June 2015 at 1a Booysens Road, Booysens, Johannesburg, South Africa at 13:30 (the AGM) to consider and, if deemed fit, passing with or without modification all ordinary and special resolutions as set out in the notice of Annual General Meeting contained in the Annual Report.



The record date for the purposes of determining the shareholders of the Company entitled to receive the AGM notice is Friday, 20 March 2015 The record date for purposes of determining which shareholders of the Company are entitled to attend, participate in, and to vote at this AGM is Friday, 22 May 2015. Accordingly, the last date to trade in the Company?s shares on JSE Limited (JSE) to be eligible to attend, participate in and vote at this AGM is Friday, 15 May 2015.

26-Mar-2015
(Official Notice)
Shareholders are advised that that the Company will be holding an investor relations meeting for the purposes of presenting the 2014 year end results. The investor relations meeting will be held at 1a Booysens Road, Booysens, Johannesburg at 15:00 on Tuesday, 31 March 2015.



Alternatively, the shareholders can join the meeting online or telephonically using the respective link or number set out below:

* https://meet.howden.com/thomas.barwald/SQ6R1HRN

* +2710 500 8585

*The Conference ID will be 3050494.



The shareholders are invited to furnish in writing to Carmen.koopman@howden.co.za any questions that they wish the Company to consider for purposes of this investor relations meeting. The last day for furnishing the said questions is Monday, 30 March 2015. The Company will endeavour to address all pertinent questions on the day.
25-Mar-2015
(Official Notice)
Revenue lowered by 5.6% to R1.6 billion (R 1.7 billion) and gross profit decreased by 22.3% to R501.5 million (R645.1 million). Operating profit declined to R326.8 million (R448.9 million). Net attributable to equity holders contracted to R269.2 million (R312.0 million). Furthermore, headline earnings per share shrunk to 410.22cps (R475.27cps).



Dividend

In light of the potential BEE ownership transaction the board has resolved not to declare a dividend.



Outlook

The Fans and Heat Exchangers division continues to identify new opportunities for the supply of services and spares in key industries, while capital project spend within the mining industry is expected to remain subdued. The Environmental Control division continues to see a high level of enquiries from customers.
17-Feb-2015
(Official Notice)
Result of a written resolution passed in terms of section 60 of Companies Act, no 71 of 2008 (?Companies Act?) We refer to the SENS announcement dated 23 January 2015 relating to the resolution in terms of section 60 of the Companies Act, to shareholders.



Ordinary Resolution:

Resolved that, in accordance with section 75(7)(b)(i) of the Companies Act the shareholders ratify the entry into of the below intra-group agreements, approved by a unanimous resolution of the board during or about 28 November 2013, in relation to which Howden Group Limited (HGL), a related person to Ian Brander and James Brown by virtue of them being directors of both the Company and HGL which has a personal financial interest:

* A management services agreement concluded between the Company and HGL (the "Management Services Agreement"), on or about 20 December 2013, in terms of which the Company contracted with HGL to provide designated management services; and

*An enterprise (AX) software development license agreement concluded between the Company and HGL (the ?Software License Agreement?), on or about 19 September 2014, in terms of which the Company contracted with HGL to obtain a license to utilise designated Howden software.



Shareholders are advised that in terms of section 60 (4) of the Companies Act, the ordinary resolution has been approved by a requisite majority and has been adopted by the Company in terms of section 60(2) of the Companies Act.
23-Jan-2015
(Official Notice)
17-Dec-2014
(Official Notice)
HAHL announce the appointment of Mr. Mitesh M Patel to the board of directors as an independent non-executive director, with effect from 15 December 2014.
30-Oct-2014
(Official Notice)
Shareholders are referred to the announcement dated 17 October 2014 regarding the notice of investor relations meeting.



The investor relations meeting was held today, Thursday, 30 October 2014. A full copy of the presentation including shareholder questions and answers can be found on the Company's website at http://www.howden.com/AboutUs/bu/HAHL/Pages/Investor-Relations.aspx.

17-Oct-2014
(Official Notice)
Shareholders are advised that that the Company will be holding an investor relations meeting for the purposes of introducing the brand, discussing key concerns and revisiting the interim results with the shareholders.



The investor relations meeting will be held at 1a Booysens Road, Booysens, Johannesburg at 12:00 on Thursday, 30 October, 2014. Alternatively, the shareholders can join the meeting online or telephonically using the respective link or number set out below:

* https://meet.howden.co.za/craig.masson/50Y9FFP2

* +2710 500 8585



The Conference ID will be 42549. The shareholders are invited to furnish in writing to craig.masson@howden.co.za any questions that they wish the Company to consider for purposes of this investor relations meeting. The last day for furnishing the said questions is Friday, 24 October, 2014. The Company will endeavour to address all pertinent questions on the day.
19-Sep-2014
(Official Notice)
Shareholders are advised of the resignation of an Independent Non-Executive Director, Mr Suleman Badat with effect from the 31 October 2014. The Company is currently engaging relevant parties for the role. The board of Howden will make a further announcement regarding the appointment of the new Independent Non-Executive Director as soon as a replacement is found.
04-Sep-2014
(C)
Revenue increased by 8.8% to R752.1 million (R691.3 million). Gross profit jumped 15.2% to R250.8 million (R217.6 million). Operating profit rose by 9.2% to R159.2 million (R145.8 million). Profit for the period grew to 7.0% to R114.2 million (R106.8 million).



Dividend

The directors have resolved not to declare a dividend until such time as the company has fully considered the implications of the B-BBEE Codes of Good Practice.



Outlook

The trading outlook for the company remains cautiously optimistic despite the metal workers strike in July 2014 that has affected the timing of contracts. The Fan and Heat Exchanger division continues to identify new opportunities for the supply of services and spares in key industries, while capital project spend within the mining industry is expected to remain subdued. The Environmental Control division has secured some good order intake for water treatment and industrial de-dusting and its opportunity pipeline remains stable.
03-Jun-2014
(Official Notice)
Shareholders are advised that at the Annual General Meeting held today, 03 June 2014, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders.
31-Mar-2014
(Official Notice)
Shareholders are advised that the Howden 2013 Integrated Annual Report ("Annual Report") has been posted on Monday, 31 March 2014. The annual financial statements for the year ended 31 December 2013, as set out in the Annual Report contain no modifications to the reviewed provisional report for the same period, published on 5 March 2014. The Annual Report will be available on the Howden website: http://www.howden.com/AboutUs/bu/HAHL/Pages/AnnualReports.aspx on Monday, 31 March 2014.



Notice is hereby given that an annual general meeting of shareholders of the Company will be held at its registered offices on Tuesday, 03 June 2014 at 1a Booysens Road, Booysens, Johannesburg, South Africa at 14:00 (the AGM) to consider and, if deemed fit, passing with or without modification all ordinary and special resolutions as set out in the notice of Annual General Meeting. The record date for determining which shareholders of the Company are entitled to attend, participate in, and to vote at this AGM is Friday, 23 May 2014. The record date for determining shareholders of the Company entitled to receive notice of this AGM as being those recorded as such in the share register of the Company, maintained by the transfer secretaries, as being the close of business on Thursday, 20 March 2014.
05-Mar-2014
(C)
Revenue for the year ended 31 December 2013 jumped by 27.8% to R1.8 billion (2012: R1.3 billion). Gross profit soared by 65.4% to R645.1 million (2012: R390 million), while profit for the year skyrocketed to 94.5% to R312 million (2012: R160.4 million). Furthermore, headline earnings per share was 94.7% higher at 475.27cps (2012: 244.15cps).



Dividend

The directors have resolved not to declare a dividend until such time they have fully considered the implications of the recently published B-BBEE Codes of Good Practice.



Outlook

Excluding once-off projects in the Fans and Heat Exchangers division in 2013, the trading outlook remains cautiously optimistic for the Group. The Group expects good opportunities for the supply of their custom-designed equipment for mineral process plants, locomotive fans, aftermarket services and maintenance and environmental control.
06-Feb-2014
(Official Notice)
Shareholders are advised that, we expect earnings per share and headline earnings per share from continuing operations to be in the range of between 453.85 cents and 502.66 cents for the year ended 31 December 2013, which compares with the earnings and headline earnings per share of 244.05 cents and 244.15 cents respectively from continuing operations for the year ended 31 December 2012.



The improved results reflects further efficiency gains across the business, organic revenue growth and some large once-off short term projects.



The results will be published after Howden's board meeting on the 4th March 2014.
11-Dec-2013
(Official Notice)
30-Aug-2013
(C)
Revenue for the interim period increased by 6.8.% to R691.3 million (2012: R647.1 million). Gross profit rose by 19.1% to R217.6 million (2012: R182.8 million), operating profit jumped by 31.4% to R145.8 million (2012: R111 million), while total comprehensive income for the period grew to R106.8 million (2012: R86 million). Furthermore, headline earnings per share strengthened by 24.4% to 162.46cps (2012: 130.60cps).



Dividend

The directors have resolved to declare an interim dividend of 30cps.



Outlook

The trading outlook is cautiously optimistic for the Group in the heavy engineering sector of mining, mineral process plants, locomotive fans, aftermarket service, maintenance and in future, the environmental control market.



26-Jul-2013
(Official Notice)
Shareholders are advised that, we expect earnings per share and headline earnings per share from continuing operations to be in the range of between 148.00 cents and 174.00 cents for the six months ended 30 June 2013, which compares with the earnings and headline earnings per share of 130.60 cents and 130.60 cents respectively from continuing operations for the six months ended 30 June 2012.



The financial information on which this trading statement is based has not been reviewed or reported on by HAHL's auditors. The results will be published after HAHL's board meeting on the 30th August 2013.



30-May-2013
(Official Notice)
Shareholders are advised that at the Annual General Meeting held on 30 May 2013, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders.
28-Mar-2013
(Official Notice)
Further to Howden's reviewed results for the year ended 31 December 2012, published on 8 March 2013, shareholders were advised that the integrated annual report was posted on 28 March 2013. The annual general meeting (AGM) of the company's shareholders will be held at 13:00 on Thursday, 30 May 2013 at the registered office, 1A Booysens Road, Booysens, Johannesburg, to transact the business as stated in the notice of the AGM forming part of the integrated annual report.



The record date for the purposes of determining the shareholders of the company entitled to receive the AGM notice is Friday, 22 March 2013. The record date for purposes of determining which shareholders of the company are entitled to attend, participate in, and to vote at this AGM is Friday, 24 May 2013. Accordingly, the last date to trade in the company's shares on JSE Ltd. ("JSE") to be eligible to attend, participate in and vote at this AGM is Friday, 17 May 2013.
08-Mar-2013
(C)
Revenue for the year ended 31 December 2012 increased by 33.3% to R1.3 billion (2011: R988.4 million). Operating profit soared by 29.8% to R220.4 million (2011: R169.9 million), while profit for the year increased by 25.8% to R160.4million (2011: R127.5 million). Furthermore, headline earnings per share grew by 86.8% to 244.15cps (2011: 194cps).



Dividend

The directors have resolved to declare a final dividend of 30cps.



Outlook

The trading outlook remains cautiously optimistic for the Group. Aftermarket and export revenue continue to remain a strategic focus and the Group is well positioned to take advantage of further opportunities on the African continent. Increasing environmental pressure and awareness in South Africa coupled with stricter legislation is expected to provide opportunities for the Environmental Control division.



06-Feb-2013
(Official Notice)
Shareholders are advised that Howden expects earnings and headline earnings per share from continuing operations to be in the range of between 225.31 cents and 264.11 cents for the year to 31 December 2012, which compares with the earnings and headline earnings per share of 193.97 cents and 194 cents respectively from continuing operations for the year ended 31 December 2011.



The improved results reflects further efficiency gains across the business, increased revenue in the Fan and Heat Exchanger Division and the successful execution of orders won in 2011 by the Environmental Control Division. The results for the year ended 31 December 2012 are expected to be published on or about 11 March 2013.
31-Aug-2012
(C)
Revenue increased by 48.9% to R647.1 million (R434.5 million). Gross profit rose 45.9% to R182.8 million (R125.3 million) and operating profit surged 93.3% to R111 million (R57.4 million). Net attributable profit soared 97.9% to R85.8 million (R43.4 million). In addition, headline earnings per share jumped 98% to 130.60 (65.94cps).



Dividend

An interim gross ordinary dividend of 25cps has been declared.



Outlook

The trading outlook is generally cautiously optimistic in the heavy engineering sector of mining, mineral process plants and aftermarket, but less so in the medium industrial and building industry where trading conditions remained subdued.
26-Jul-2012
(Official Notice)
Shareholders were advised that, the company expects earnings per share and headline earnings per share from continuing operations to be in the range of between 124 cents and 136 cents for the six months ended 30 June 2012, which compares with the earnings and headline earnings per share of 65.99 cents and 65.94 cents respectively from continuing operations for the six months ended 30 June 2011.



The financial information on which this trading statement was based was not been reviewed or reported on by Howden's auditors. The results will be published after Howden's board meeting on the 30th August 2012.
02-Jul-2012
(Official Notice)
Howden announced the appointment of Mr Humphrey Mathe to the board of directors as an independent non-executive director, with effect from 1 July 2012. Mr Mathe will in addition to his appointment to the main Board join the Audit and Risk Committee as a member.
30-May-2012
(Official Notice)
Shareholders were advised that at the annual general meeting held on 30 May 2012, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders.
30-May-2012
(Official Notice)
Notice was hereby given that the directors have declared:

*A gross final dividend for the year ending December 2011 of 29 cents per share; and

*A gross special dividend of 146 cents per share.



The following dates are applicable:

*Last day to trade -- Friday, 29 June 2012

*Shares commence trading "ex" dividend -- Monday, 2 July 2012

*Record date -- Friday, 6 July 2012

*Payment date -- Monday, 9 July 2012



Share certificates may not be dematerialised or rematerialised between Monday, 2 July 2012 and Friday, 6 July 2012, both days inclusive.
10-Apr-2012
(Official Notice)
Shareholders are referred to the announcement released over SENS on 30 March 2012 regarding inter alia the posting of the company's annual report together with a notice of annual general meeting (the "notice of AGM") to be held at 12h00 on Wednesday, 30 May 2012 at the company's registered office, 1a Booysens Road, Booysens, Johannesburg(the "annual general meeting"). Shareholders are advised that the form of proxy attached to the notice of AGM contains an error in respect of ordinary resolution number five as there was not sufficient space left for the re-election of I Brander as referred to in the notice of AGM. The company confirms that the notice of AGM contained the correct details and the error only appears in the Form of Proxy. An amended form of proxy has been posted to shareholders. The proxy form included in the notice of the annual general meeting must not be used and shareholders must use the amended proxy form instead.
30-Mar-2012
(Official Notice)
Further to Howden's reviewed results for the year ended 31 December 2011, published on 2 March 2012, shareholders are advised that the integrated annual report was posted on 30 March 2012. The integrated annual report contains no modifications to the aforementioned published reviewed financial results.



Notice of the annual general meeting

The annual general meeting ("AGM") of Howden's shareholders will be held at 12:00 on Wednesday, 30 May 2012 at the registered office, 1A Booysens Road, Booysens, Johannesburg, to transact the business as stated in the notice of the AGM forming part of the integrated annual report.
02-Mar-2012
(C)
Revenue for the year ended 31 December 2011 increased by 13.8% to R988.4 million (2010: R868.8 million). Gross profit shot up by 29.6% to R316.7 million (2010: R226.8 million), operating profit soared by 65.5% to R169.9 million (2010: R102.6 million), while profit for the year skyrocketed by 83.8% to R127.5 million (2010: R69.4 million). Furthermore, headline earnings per share grew by 83.3% to 194cps (2010: 105.85cps).



Dividend

The board of Howden has resolved not to declare a dividend until the new tax legislation and its impact on shareholders has been considered.



Outlook

Markets are generally showing an improvement, aftermarket volumes remain buoyant and there is an improved market appetite for environmental projects.
21-Feb-2012
(Official Notice)
The board of Howden announced the death of their a non executive director and chairmen of the audit committee, Mr Arthur Mashiatshidi, who passed on 18 February 2012 after a short illness Mr Mashiatshidi was appointed as an independent non executive of Howden on 31 July 2003.
28-Nov-2011
(Official Notice)
Shareholders are advised that at the General Meeting held today, 28 November 2011, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders. The special resolution will be sent to CIPC for registration in due course.
21-Nov-2011
(Official Notice)
Howden announced the appointment of Mr. Suleman Badat (CA (SA)) to the board of directors as an independent non-executive director, with effect from 21 November 2011. Mr. Badat will in addition to his appointment to the main board join the audit committee as a member.
27-Oct-2011
(Official Notice)
Notice was given that a shareholders' meeting of Howden will be held at the registered offices, 1a Booysens Road, Booysens, Johannesburg, South Africa on Monday, 28 November 2011 at 12h00, to transact business as stated in the notice of the general meeting, which was posted to shareholders.
25-Oct-2011
(Official Notice)
Shareholders are advised that Mr Kevin Johnson will be appointed as the CFO and will take over from interim group financial director, Terence Rensen, with effect from 1 March 2012. There will be a four month handover period, which includes the 2011 financial year end.
26-Aug-2011
(C)
Revenue for the interim period increased by 2.% to R434.5 million (2010: R423.8 million). Gross profit rose by 22.5% to R125.3 million (2010: R102.3 million), operating profit jumped by 22.6% to R57.4 million (2010: R46.8 million), while total comprehensive income for the period grew to R44.5 million (2010: R27.8 million). Furthermore, headline earnings per share strengthened by 54.4% to 65.94cps (2010: 42.70cps).



Dividend

The directors have resolved to declare an interim dividend of 20cps.



Outlook

In total, orders are ahead of the position at December 2010. There is a positive outlook due to the increased bidding activity in the Environmental Control division.
15-Aug-2011
(Official Notice)
Shareholders were referred to the appointment to the board announcement dated 27 July 2011, wherein it was incorrectly stated that Ian Brander is an independent non-executive director. The company confirms that Ian Brander is not independent as he is employed by Howden Global.
27-Jul-2011
(Official Notice)
Shareholders are advised that Mr Ian Brander has been appointed as an independent non-executive Director of HAHL. Ian's appointment is effective 27 July 2011.



27-Jul-2011
(Official Notice)
Shareholders are advised that anticipated earnings and headline earnings per share from continuing operations are in the range of between 60.0 cents and 70.0 cents for the six months ended 30 June 2011, compared with the earnings and headline earnings per share of 42.73 cents and 42.70 cents respectively from continuing operations for the six months ended 30 June 2010. The earnings and headline earnings per share for the six months ended 30 June 2011 reflects additional revenue generated in the fan and heat exchangers division. The results will be published after HAHL's board meeting on the 25 August 2011.
02-Jun-2011
(Official Notice)
Shareholders were advised that at the annual general meeting held on 2 June 2011, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders.
13-Apr-2011
(Official Notice)
Shareholders were advised that Mr Terry William Rensen has been appointed as interim group financial director of Howden. Terry's appointment is effective 01 May 2011 and he shall hold the position until a permanent replacement has been found.
11-Apr-2011
(Official Notice)
Shareholders are advised that Ms Carmen Miller has been appointed as company secretary of Howden and her appointment will be effective 01 May 2011.
31-Mar-2011
(Official Notice)
Further to Howden's reviewed results for the year ended 31 December 2010, published on 18 March 2011, shareholders are advised that the annual report was posted today. The annual report contains no modifications to the aforementioned published reviewed financial results. The annual general meeting of Howden's shareholders will be held at 12:00 on Thursday, 2 June 2011 at the registered office, 1A Booysens Road, Booysens, Johannesburg, to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
31-Mar-2011
(Official Notice)
Shareholders are advised that Mr Michael Mduduzi Luthuli has resigned as company secretary of Howden and his resignation will be effective 30 April 2011.
18-Mar-2011
(C)
In 2010 revenue of R868.8 million is reported compared to R976.3 million in 2009, a reduction of 11%. Operating profit dropped by 21% to R102.6 million (R129.5 million). Net attributable profit declined by 30.8% to R69.4 million (R100.2 million). In addition, headline earnings per share fell by 30.6% to 105.85c (152.50cps).



Dividend

A final ordinary dividend of 15cps has been declared.



Outlook

Order book levels in the Fans and Heat Exchangers division have remained largely in line with the position reported at the end of December 2009. The slowdown in private sector fixed investment, however, has affected the Environmental Control division which presently has a relatively low order book despite a number of promising prospects. Recovering market conditions and firm commodity prices would need to be sustained to give support to the group remaining cautiously optimistic looking ahead.
08-Mar-2011
(Official Notice)
Notification was given that Shane Meyer has left Howden and his departure is effective immediately. The remuneration and nominations committee of the board of Howden has been tasked to interview and recommend a suitable candidate for appointment as financial director, and the outcome of these deliberations will be announced in due course.
17-Feb-2011
(Official Notice)
Shareholders are advised that forecast earnings and headline earnings per share from continuing operations are in the range of between 88.0 cents and 119.0 cents for the year to 31 December 2010, which compares with the earnings and headline earnings per share of 152.48 cents and 152.50 cents respectively from continuing operations for the year ended 31 December 2009. The forecast earnings and headline earnings per share for the year ended 31 December 2010 were affected by tough trading conditions in the environmental control markets, and an STC amount of R4.9 million in respect of the special dividend of R49.3 million paid on 5 July 2010. The impact of the STC charge on the special dividend was such that earnings and headline earnings per share from continuing operations for the year ended 31 December 2010 would have ranged from 96.0 cents and 126.0 cents, respectively. Excluding the aforementioned tax adjustments, the forecast earnings per share would still be more than 20% different from that of the previous reporting period. The results for the year ended 31 December 2010 are expected to be published at the end of March 2011.
27 Aug 2010 18:14:07
(C)
In the six months ended 30 June 2010 revenue of R423.8 million compares to R466.8 million in the corresponding period last year. The decrease in revenue reflects a reduced order book in the environmental control division, no larger value contracts having been converted to sales in the period under review. Group operating profit from operations of R46.8 million is reported for the period, against R65.0 million for the six months to June last year. Lower revenue volumes, and increased investment in strategic initiatives for the future development of the business, have impacted negatively in the period under review. Earnings per share of 42.73 cents compares with 70.91 cents last year, a decrease of 40%. Earnings for the period were affected by the secondary tax on companies charge of R4.9 million (7.5 cents per share) in respect of the special dividend of 75.0 cents per share declared on 3 June 2010. Excluding the effect of STC, earnings per share reflect a decrease of 29% compared to last year.



Dividend

The directors have resolved to declare an interim dividend of 12 cents per share payable to shareholders.



Outlook

Despite the reduced order intake compared to prior periods, the order book still stands at levels slightly ahead of the position at end December 2009. The outlook for the remainder of this year will, however, be largely influenced by success in converting prospects in the environmental control division to orders.
26 Jul 2010 17:40:57
(Official Notice)
Shareholders are advised that forecast earnings and headline earnings per share from continuing operations are in the range of between 35.0 cents and 50.0 cents for the six months ended 30 June 2010, which compares with the earnings and headline earnings per share of 74.32 cents and 74.34 cents respectively from continuing operations for the six months ended 30 June 2009. The earnings and headline earnings per share for the six months ended 30 June 2010 were affected by an STC charge of R4.9 million following the special dividend of 75 cents per share declared at the Annual General meeting on 3 June 2010 and paid on 5 July 2010. The impact of the STC charge on the special dividend was such that earnings and headline earnings per share from continuing operations for the six months ended 30 June 2010 would have ranged from 43.0 cents and 58.0 cents, respectively. The results will be published towards the end of August 2010.
30 Mar 2010 17:36:56
(C)
Revenue rose by 20% to R976.3 million (R813.6 million). Operating profit was up 35,9% to R129.5 million (R95.3 million). Net attributable profit increased by 65.9% to R100.2 million (R60.4 million) and headline earnings per share grew by 64.5% to 152.50cps (92.72cps).



Dividend

A final ordinary dividend of 20cps has been declared.



Outlook

The group has reported material improvements in results over the last three years, with record earnings reported for 2009. Initiatives taken over the recent past, and the successful completion of certain large value contracts, have contributed to this improvement. This raises challenges in maintaining a higher base of earnings given market uncertainties being experienced worldwide. Firming commodity prices, and a moderate recovery in industrial production, would give support to the Group remaining cautiously optimistic looking ahead.
05 Mar 2010 11:27:08
(Official Notice)
Shareholders are advised that forecast earnings and headline earnings per share from continuing operations are in the range of between 145.0 cps and 163.0 cps for the year to 31 December 2009, which compares with the earnings and headline earnings per share of 92.41 cps and 93.22 cps respectively from continuing operations for the year ended 31 December 2008. The forecast earnings per share for the year ended 31 December 2009, benefited from a tax credit of R1.7 million allowed by the authorities for the write-off of intellectual property acquired when the company listed in 1996. In 2008 the tax charge included an STC amount of R6.6 million paid in respect of the special dividend of R65.7 million paid in that year. Excluding the aforementioned tax adjustments, the forecast earnings per share would still be more than 20% different from that of the previous reporting period. The results will be published in due course.
28 Aug 2009 16:18:44
(C)
In the six months ended 30 June 2009 revenue of R472.7 million compares to R387.1 million in the corresponding period last year. Growth in revenue is supported by good progress on large value projects and increased sales volume of aftermarket products and services. Group operating profit from operations of R68.2 million is reported for the period to 30 June 2009, against R46.6 million reported for the six months to June last year. Higher revenue volumes, and improved margins on several key contracts, assisted in generating the improved operating profit. Earnings per share of 74.32c compare with 43.90c last year. A net cash position of R47.2 million compares with R17.6 million reported at the end of December 2008. Cash generated from operations of R73.3 million compares to R33.9 million generated in the period to 30 June 2008.



Dividends per share

A interim dividend of 12cps was declared for the period under review.



Prospects

Order book levels have continued to grow over the first half of this year and include orders for delivery in subsequent years through to 2013. The intake of orders for new equipment, however, has slowed as customers' expenditure decisions are deferred. The outlook for the remainder of this year will be underpinned by the strong order book existing at end June 2009.
21 Jul 2009 17:03:15
(Official Notice)
Shareholders are advised that forecast earnings and headline earnings per share from continuing operations are in the range of between 67c and 76c for the six months to 30 June 2009, which compares with the earnings and headline earnings per share of 43.90c and 43.88c respectively from continuing operations for the six months ended 30 June 2008. The earnings and headline earnings per share for the six months ended 30 June 2008,was affected by the STC charge of R6.6 million (10.00cps) in respect of the dividend payment declared at the annual general meeting on 5 June 2008 and paid on 7 July 2008. Excluding the STC charge on the dividend the earnings and headline earnings per share for the six months ended 30 June 2008 would have been 53.90c and 53.88c, respectively. The financial information on which this trading statement is based has not been reviewed or reported on by HAHL's auditors. The results for the six months period ended 30 June 2009 are expected to be published on or about 28 August 2009.
11 Jun 2009 13:07:26
(Official Notice)
Shareholders are advised that at the Annual General Meeting held today, 11 June 2009, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders. The special resolution will be sent to CIPRO for registration in due course.
11 Jun 2009 12:51:56
(Official Notice)
The chairman said: "After five months of the current financial year I am sure shareholders would wish me to update them regarding the present trading position. I am pleased to announce that despite the slowdown in the growth rate of the local economy order book levels have increased since the position reported at the end of December 2008. As reported previously, a number of orders have been converted in the recent past connected to Eskom's new build program and this has contributed positively in neutralising shortfalls experienced by delays of some large value environmental tenders. While certain market segments served by group companies continue to be depressed relative to levels experienced in the past, group earnings remain in line with expectations."
20 May 2009 15:38:48
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2008 have been posted to shareholders on 20 May 2009 and contain no modifications to the reviewed results which were published on 4 March 2009.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of HAHL members will be held at the company's registered office, 1a Booysens Road, Booysens, Johannesburg on Thursday 11 June 2009, at 12:00.
04 Mar 2009 17:14:01
(C)
Revenue rose by 23.8% to R849.8 million (R686.4 million). Operating profit increased to by 7.7% to R95.8 million (R89 million), but net attributable profit declined by 2.7% to R60.7 million (R62.4 million). In addition, headline earnings fell to 93.22cps (95.42cps).



Dividend

A final ordinary dividend of 15cps has been declared.



Prospects

A fair measure of success has been achieved in generating a positive outcome connected to Eskom's new build programme. Sales for 2009 will be underpinned by the order book which as at 1 January 2009 included orders worth R450 million for delivery in 2009. The order book continued to grow in January.



Management remains vigilant to any softening of demand. The group has worked extensively to ensure that its growth in recent years has been built on flexible supply chains and relatively low levels of fixed cost. With the visibility of a strong order book, the group will be able to respond pro-actively to any slowdown in order intake.
29 Aug 2008 17:39:01
(Official Notice)
The board of Howden announced the appointment of Thomas Barwald as Chief Executive Director of the company. He will commence handover starting in August 2008 and will formerly take on the position 1 January 2009.
29 Aug 2008 17:29:52
(C)
In the six months ended 30 June 2008 revenue of R387.1 million compares to R300.6 million in the corresponding period last year was reported. Strong growth in Revenue is reported in both the fans and heat exchangers and environmental control divisions resulting from the strong opening order books at the start of the year. Group operating profit from operations of R46.6 million is reported for the period to 30 June 2008, against R36.8 million reported for the six months to June last year. Higher volumes connected to the sale of new equipment account principally for the favourable movement in the results under review. Earnings per share of 43.90 cents compare with 35.34 cents last year, after accounting for a secondary tax on companies charge of R6.6 million (10 00 cents per share) in respect of the special dividend of 100.0 cents per share declared on 5 June 2008. A net cash position of R17.4 million compares with the net borrowings of R0.7 million reported at the end of December 2007. Cash generated by operations of R51.7 million compares to R39.6 million generated in the period to June 2007.



Dividends

The directors have resolved to declare an interim dividend of 10 cents per share payable to shareholders.



Prospects

Order book levels have continued to grow over the first half of this year and given a fair success ratio in converting available prospects should result in the position remaining strong through to year end. The company remains close to developments associated with Eskom`s new build programme and the extent to which these efforts lead to positive outcomes will largely influence the group?s ability to grow earnings in the longer term.
28 Jul 2008 13:53:06
(Official Notice)
Shareholders are advised that forecast earnings and headline earnings per share from continuing operations are in the range of between 40.2 cents and 47.6 cents for the six months to 30 June 2008, which compares with the earnings and headline earnings per share of 35.34 cents and 36.89 cents respectively from continuing operations for the six months ended June 2007. The results for the six month period ended 30 June 2008 are expected to be published on or about 29 August 2008.
17 Jul 2008 12:28:15
(Official Notice)
Shareholders are advised that Mr M M Luthuli has been appointed as the company secretary effective immediately.
17 Jun 2008 16:27:07
(Official Notice)
The board of Howden announces with deep regret the sudden death of Michael JM Lake on 15 June 2008. Mr Shane Meyer, who has been an executive director of HAHL since May 1996, has been appointed as acting company secretary with immediate effect.
05 Jun 2008 14:38:49
(Official Notice)
Shareholders are advised that at the annual general meeting held today, 5 June 2008, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders. The special resolution will be sent to CIPRO for registration in due course.
05 Jun 2008 12:02:20
(Official Notice)
Notice is hereby given that the directors have declared a special dividend of 100 cents per share, by way of a distribution in cash. The reason for the dividend is that Howden has surplus cash at its disposal.
01 Apr 2008 13:15:07
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2007 have been posted to shareholders on 31 March 2008 and contain no modifications to the reviewed results which were published on 28 February 2008.



Notice of the annual general meeting

Notice was given that the annual general meeting of Howden members will be held at the company's registered office, 1a Booysens Road, Booysens, Johannesburg on Thursday, 5 June 2008, at 12:00, to transact business as stated in the notice of the annual general meeting, issued together with the annual reports.
03 Mar 2008 17:22:20
(C)
Revenue of R686.4 million was reported compared to R510.9 million in 2006, an increase of 34%, and operating profit has increased by 71% to R89 million (R52.2 million). This led to a 272.9% surge in the profit attributable to ordinary shareholders to R61.7 million (R16.5 million). In addition, headline earnings per share soared 278% to 95.42cps (25.25cps).



Dividend

An ordinary final dividend of 15cps has been declared.



Outlook

A strong closing order book and select number of environmental control projects gives encouragement for the year ahead. The company remains close to developments associated with Eskom's new build programme and the extent to which these efforts lead to positive outcomes would largely influence the group's ability to grow earnings in the longer term.
29 Feb 2008 14:26:24
(Official Notice)
Shareholders are refered to the previous trading updated published on 6 February 2008 wherein it stated that a review of the financial results by management had indicated that earnings and headline earnings per share were in the range of between 87.0c and 92.0c for the year ended 31 December 2007. This compares with the earnings and headline earnings per share of 25.17c and 25.25c respectively for the year ended 31 December 2006. Management now wishes to advise that earnings and headline earnings are in the range of between 89.0c and 95.0c for the year ended 31 December 2007. The financial information on which this trading statement is based has been reviewed by HAHL's auditors. The results for the year ended 31 December 2007 are expected to be published on or about 3 March 2008.
06 Feb 2008 10:51:59
(Official Notice)
Accordingly, shareholders are advised that a review of the financial results by management has indicated that earnings and headline earnings per share are in the range of between 87.0c and 92.0c for the year ended 31 December 2007. This compares with the earnings and headline earnings per share of 25.17c and 25.25c respectively for the year ended 31 December 2006. The actual earnings and headline earnings per share for the year ended 31 December 2006 were negatively affected by the STC charge of R12.2 million (18.52cps) in respect of the cash dividend payment of 148.12c paid. Excluding the STC charge the earnings and headline earnings per share for the year ended 31 December 2006 were 43.69c and 43.77c per share respectively. The financial information on which this trading statement is based has not been reviewed or reported on by HAHL's auditors. The results for the year ended 31 December 2007 are expected to be published on or about 3 March 2008.
15 Jun 2006 17:44:18
(Official Notice)
Shareholders are advised that at the annual general meeting held on 15 June 06, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders. The special resolution will be lodged for registration with CIPRA in due course.



At the general meeting of shareholders held after the conclusion of the AGM, the requisite majority of shareholders approved ordinary resolution number 1, regarding the cash payment to shareholders of HAHL. The salient dates for the cash payment are as follows:

*Last day to trade in shares in Howden in order to be eligible to receive the cash payment -- Friday, 30 June 06

*Shares will trade "ex" entitlement -- Monday, 3 July 06

*Record date for the cash payment -- Friday, 7 July 06

*Settlement of the cash payment effected -- Monday, 10 July 06
29 May 2006 17:18:16
(Official Notice)
Howden directors are proposing to undertake an internal reorganisation of the group of companies and to make a cash payment of 241c per share to eligible shareholders. The cash payment will take place in the currency of South Africa and will comprise a return of share premium of 92.88c per share and a special dividend out of the distributable reserves of 148.12c per share. A general meeting will be held at 13:00 (or as soon as possible after the conclusion of the company's annual general meeting, whichever is the later) on Thursday, 15 June Shareholders are advised that caution is no longer required to be exercised by shareholders when dealing in their securities.
24 May 2006 15:56:58
(Official Notice)
The annual financial statements for the year ended 31 December 2005 contain no modifications to the reviewed results which were published on 7 March 2006. The annual general meeting will be held on 15 June 2006.
09 May 2006 12:59:09
(Official Notice)
Shareholders are advised that the board of directors is currently considering a proposal for a restructuring of the HAHL group of companies. Until the publication of a further announcement, shareholders are urged to exercise caution when dealing in the company's securities.
07 Mar 2006 15:44:18
(C)
Group sales from continuing operations at R497.5 million represents an improvement of 17.9% compared to R422.0 million in 2004. A number of large value contracts were completed during the year in the key petrochemical and power markets. Profit before taxation of R42.9 million (R42.4 million) was reported. Improved results in the fans and heat exchanger division making good the shortfall reported by the environmental control division as a result of cancellation costs associated with a contract to the Middle East and fewer large value contracts. Net financial income of R5.1 million compares with R4.5 million reported last year, reflecting favourably on management efforts to generate positive cash flows. Share of associate company at R3.3 million was lower than the R5.6 million reported last year. A taxation charge of R13.8 million (R13.9 million) has been accrued, resulting in an effective 32.1% of profit before tax against a 32.8% as reported last year. At 31 December 2005 the group had a net positive cash position of R97.5 million compared to R86.5 million. Headline earnings rose 6.6% to 40.46cps (37.94cps).



Dividend

The board has declared a final dividend of 6cps payable to shareholders on Monday, 3 April 2006. The last date to trade "cum" dividend is Friday, 24 March 2006.



Outlook

A strong commodity price cycle and forecasts that gross domestic fixed investment should grow strongly over the next five years suggests a favourable period for the group over the medium term. This enthusiasm is tempered somewhat by the strong rand and the negative impact this has on the export earning streams in the mining and heavy industrial sectors. Concern has also been expressed regarding the extent to which the local manufacturing community will be included in large infrastructural investment programmes announced recently by Government and the private sector. Against this background the board confirms a favourable outlook over the coming year but remains guarded until such time as the aforementioned programmes begin to take shape.
15 Dec 2005 17:09:58
(Official Notice)
Shareholders are advised that HAHL has entered into a new licence agreement with its UK based holding company, Howden Holdings Ltd (HHL), which secures the company's rights to leading global technology, for the foreseeable future. This new agreement replaces the original agreement, which was initially signed in 1973. In consideration of HAHL's payment of the royalties under the licence agreement, HHL has granted HAHL the right to manufacture, sell, promote and use specific products on the African Continent, including without limitation Madagascar, Reunion and Mauritius but excluding Algeria, Egypt and Morocco. This agreement does not cover products where design rights are owned by HAHL.



The licence agreement takes effect from 1 January 2005, and shall continue for an initial period of five years from that date, subject to no material breach or default by either party. Thereafter the agreement will continue for successive periods of one year. Based on management's estimates and the current level of activity within the company, these payments are expected to amount to approximately R1million for the year ending 31 December 2005, an amount similar to the amount that would have been paid under the previous agreement. The terms of the new agreement provide for a maximum payment of R3 million in any calendar year for the first five years.
29 Aug 2005 11:04:02
(C)
24 Aug 2005 16:13:50
(Official Notice)
Howden has announced the resignation of Dr Renosi Mokate as an independent non-executive director, effective 1 August 2005.
09 Jun 2005 16:06:31
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders of Howden Africa held on Thursday, 9 June 2005, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders.



John Feek, the chairman of Howden Africa, had not made himself available for reappointment to the board effective from the conclusion of the annual general meeting. Michael Foster, Commercial Director of Charter plc, which owns 56% of Howden Africa, was appointed non-executive chairman of the board effective from the conclusion of the annual general meeting.
09 Jun 2005 15:43:53
(Official Notice)
In April 2004, Howden was awarded a contract worth R17.4m to supply a rotary drier plant to Libya. Howden has recently encountered difficulties in the execution of this contract inasmuch as it appears the customer will not meet its contractual obligations and accordingly R5.3m in costs associated with this contract have now been written off. The impact of this will be to reduce earnings per share by 5.8c for the six months ended 30 June 2005. All practical steps will be taken to effect recovery of this amount and to mitigate the charge and any significant change in this position will be communicated.



In March 2004, Howden paid a special dividend of 47cps, which carried an STC charge of 5.9cps. The company is not intending to pay a further dividend before June 2005, and the tax charge for the six months to June 2005 will not bear any corresponding STC charge. The net effect of both these issues for the half year to June 2005 is that earnings per share and headline earnings per share are forecast to increase by between 60-80% above the corresponding period in 2004, although, if the effects of the STC, in respect of the half year to June 2004, are ignored, the earnings per share and headline earnings per share remain similar between the two half years. The above information has not been reviewed or reported on by the company`s auditors. The companys results for the interim period ending 30 June 2005 are expected to be published on or about 29 August 2005.
07-Jun-2016
(X)
Howden Africa is a market-driven, customer-orientated company. The main business activities of the group are the design, manufacture, and marketing of specialised air and gas handling solutions to a wide range of industries. The group's principal products and services include:

*Fans and Heat Exchangers

*Environmental Control

Major industries supplied include power generation, petrochemical, mining, agriculture, construction, refrigeration, water treatment, transportation and general industry.



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