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22-Aug-2018
(Official Notice)
03-Aug-2018
(Official Notice)
Shareholders are advised that at the general meeting of Ingenuity held on Friday, 3 August 2018 (?General Meeting?), the ordinary resolution as set out in the notice of general meeting announced on SENS on Thursday, 5 July 2018, was passed by the requisite majorities.
05-Jul-2018
(Official Notice)
Shareholders are referred to the announcement dated 20 April 2018 containing details of the proposed disposal by Ingenuity of five properties to Sanlam Life Insurance Limited for a cash consideration of R949.2 million (?Proposed Transaction?). Shareholders are advised that the company has today, 5 July 2018, posted a circular pertaining to the Proposed Transaction (?Circular?), which document incorporates a notice of general meeting of shareholders (?General Meeting?) to be held at on Friday, 3 August 2018.



Copies of the Circular may be obtained from the Company?s website at www.ingenuityproperty.com or from its registered office, Suite 102, 1st Floor, INTABA Building, 25 Protea Road, Claremont, Cape Town, 7708 or from the offices of the company?s sponsor, Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 3rd Floor, Corporate Place, 135 Rivonia Road, Sandton from Thursday 5 July 2018 to Friday, 3 August 2018.



Salient dates and times

Set out below are the salient dates and times pertaining to the implementation of the Proposed Transaction: 2018

*Record date for posting the Circular Friday, 29 June

*Circular incorporating notice of General Meeting posted to Shareholders Thursday, 5 July

*Last day to trade in order to be eligible to attend and vote at the General MeetingTuesday, 24 July

Record date for attending and voting at the General Meeting Friday, 27 July

*Recommended day to lodge forms of proxy in respect of the General Meeting by 10:00Wednesday, 1 August

*General meeting of Shareholders to be held at 10:00 at Suite 102, 1st Floor, INTABA Building, 25 Protea Road, Claremont, Cape Town for the purpose of considering and, if deemed fit, approving, with or without modification, the resolution proposed thereat Friday, 3 August

*Results of General Meeting released on SENS Friday, 3 August

*Estimated date for fulfilment of the Conditions Precedent (on or about) Friday, 3 August



These dates and times are subject to amendment. Any such amendment will be released on SENS.

19-Jun-2018
(Official Notice)
Ingenuity shareholders are referred to the SENS announcement dated 20 April 2018 wherein shareholders were advised that the Company had entered into an agreement with Sanlam Life Insurance Ltd. (the ?Purchaser?), in terms of which Ingenuity will dispose of certain properties to the Purchaser (the ?Disposal?).



Ingenuity advised shareholders that the JSE has granted an extension for the Circular to be distributed to shareholders by no later than the end of August 2018.
25-Apr-2018
(C)
Revenue for the interim period dropped to R228.7 million (R232.5 million). Profit attributable to equity holders grew to R89.5 million (R60.6 million). In addition, headline earnings per share dipped to 0.5cps (1.5cps).



Company prospects

Ingenuity has a unique strategy focusing firstly geographically in the Western Cape and secondly as a value creator for its shareholders through development, refurbishment of buildings and primarily enhancing and driving net asset value. The result of such a focus is a blend of superb quality long-term income-producing assets coupled with exciting development initiatives and trading opportunities.



During this reporting period, we completed on budget the upgrade of the Santam head office building and surrounding site precinct. Santam has commenced a further 12-year lease commencing 1 January 2018. This lease will add significant value to the current portfolio's already strong income stream.



We also commenced construction of the building to be known as 20 Vineyard Road. This project is the first phase of the strategic site assembly we own in Claremont adjacent to the Cavendish Square Mall.



The strategic sale of the Century City portfolio to Sanlam demonstrates our ability to create value for shareholders. The disposals result in a net profit before costs and tax of R146 million. The proceeds on the disposals will be applied to significantly reduce borrowings, resulting in the loan-to-value ratio reducing from 59% as at the reporting date, to approximately 55%. The sale will significantly strengthen our balance sheet, providing us with the flexibility to take advantage of some other development initiatives available in the company. As prudent asset managers we will continue to seek to realise value and align our portfolio accordingly.



Our commitment is to create enduring increased wealth for shareholders focusing on underlying quality assets with a strong focus on growing net asset value.



24-Apr-2018
(Official Notice)
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, shareholders are advised that Ingenuity expects to report for the six months ended 28 February 2018:

-headline earnings per share (?HEPS?) of 0.5 cents, which is a decrease of 67% when compared to HEPS of 1.5 cents reported for the corresponding six months ended 28 February 2017; and

-earnings per share (?EPS?) of 7.6 cents, which is an increase of 46% when compared to EPS of 5.2 cents reported for the corresponding six months ended 28 February 2017.



HEPS has decreased mainly due to:

-a decrease in net property income of R5.9 million due to three properties sold in the previous reporting period, however on a like-for-like property basis, core net property income has increased by 12%; and

-the share of losses of R4.3 million from the equity-accounted investment, City Park joint venture, for which a redevelopment planning application has been submitted and which development is expected to commence in due course. The losses result mainly due to the interest carrying cost on the property.



EPS has increased mainly due to net increases in the fair value adjustments of investment properties. In the current reporting period, the net increase was R113.4 million compared to R53.4 million in the corresponding six months ended 28 February 2017. The above information has not been reviewed or reported on by the company?s auditors and Ingenuity?s consolidated results for the six months ended 28 February 2018 are expected to be published on or about 25 April 2018.

20-Apr-2018
(Official Notice)
29-Mar-2018
(Official Notice)
Ingenuity shareholders are advised that Ingenuity has entered into negotiations which if successfully concluded, may have a material effect on the price of the Company?s shares.



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



26-Jan-2018
(Official Notice)
Shareholders are advised of the voting results for the annual general meeting of Ingenuity (?the AGM?) held at the registered offices of the Company on Friday, 26 January 2018.



Based on the above voting results, all resolutions were passed by the requisite majority of Ingenuity shareholders present in person or represented by proxy at the AGM.



07-Dec-2017
(Official Notice)
In compliance with section 3.19 of the JSE Limited Listings Requirements, information regarding the integrated annual report and annual general meeting is set out below.



Integrated annual report

Further to Ingenuity?s provisional condensed consolidated results for the year ended 31 August 2017, released on SENS on 30 November 2017, the integrated annual report is available on the Company?s website, www.ingenuityproperty.com and has been distributed to shareholders. The integrated annual report and auditor?s report contain no modifications to the aforementioned published results. Shareholders can also contact Mark Wagenheim at 021 674 5170 or mark@ingenuityproperty.com to request an electronic version of the integrated annual report which incorporates the notice of annual general meeting and form of proxy.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town, on Friday, 26 January 2018 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated annual report. Shareholders entitled to participate in and vote at the annual general meeting must be registered in the Company?s securities register as shareholders as at the record date of Friday, 19 January 2018.



30-Nov-2017
(C)
Revenue for the year increased to R435.5 million (2016: R379.2 million), whilst operating profit declined to R382.2 million (2016: R442.8 million). Profit for the year attributable to equity holders of the parent lowered to R93.6 million (2016: R159.9 million). Furthermore, headline earnings per share dropped to 0.6 cents per share (2016; 3.6 cents per share).



Dividend

The group announces that no dividend is to be paid to shareholders this financial year. With our extensive development activities underway, it is unlikely dividends will be paid in the near term. The decision to retain earnings to reinvest in growth opportunities will allow shareholders to reap enhanced benefits on completion of the various schemes.



30-Nov-2017
(Official Notice)
Shareholders are advised that the Company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment (?BEE?) Amendment Act, 2013 (Act No 46 of 2013) has been submitted to the BEE Commission and is available on the Company?s website at www.ingenuityproperty.com.

13-Nov-2017
(C)
Revenue for the year increased to R435.5 million (2016: R379.2 million), operating profit fell to R382.2 (2016: R442.8 million), profit for the year attributable to equity holders of the parent dropped to R93.6 million (2016: R159.9 million), while headline earnings per share weakened to 0.6 cents per share (2016: 3.6 cents per share).



Dividend

The group announces that no dividend is to be paid to shareholders this financial year. With the extensive development activities underway, it is unlikely dividends will be paid in the near term. The decision to retain earnings to reinvest in growth opportunities will allow shareholders to reap enhanced benefits on completion of the various schemes.
02-Nov-2017
(Official Notice)
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, Ingenuity expects to announce for the year ended 31 August 2017:

*headline earnings per share (?HEPS?) of 0.6 cents, which is a decrease of 83% when compared to the HEPS of 3.6 cents reported for the corresponding year ended 31 August 2016;

*earnings per share (?EPS?) of 8 cents, which is a decrease of 42% when compared to the EPS of 13.8 cents reported for the corresponding year ended 31 August 2016; and

*net asset value per share (?NAVPS?) of 124 cents, which is an increase of 4% when compared to the NAVPS of 119 cents reported for the corresponding year ended 31 August 2016.



Earnings per share have decreased mainly due to finance charges on additional borrowings utilised for acquisitions and interest rate swap contracts concluded, which increased the total finance charges for the year by R 50.5 million. The positive factor resulting from the swaps is that the company has now hedged 72% of its total borrowings for periods expiring between November 2020 and August 2022, at an all-in weighted average rate as at 31 August 2017 of 9.62%. The company has also negotiated long term leases providing secure income to off-set the greater cost of funding.



The above information has not been reviewed or reported on by the company?s auditors and the company?s results for the year ended 31 August 2017 are expected to be published on or about 10 November 2017.
11-May-2017
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service (?SENS?) on Tuesday, 9 May 2017 whereby Ingenuity announced an equity raise through the issue of new ordinary shares (?the capital raise?) offered to qualifying investors through an accelerated bookbuild process (?the bookbuild?) conducted on the JSE. Shareholders are advised that the subscription requirements were not met and accordingly the new ordinary shares will not be issued.
09-May-2017
(Official Notice)
Ingenuity announces an equity raise of up to R150 million through the issue of new ordinary shares (the ?capital raise?) by means of a private placing (the ?private placing?). The capital raise is subject to pricing acceptable to Ingenuity and will be completed under the Company?s existing general authority to issue shares for cash, which was approved by the shareholders of Ingenuity at the Company?s annual general meeting held on Friday, 27 January 2017.



Ingenuity intends to use the net proceeds from the private placing for, including, but not limited to, working capital requirements, the partial repayment of debt and to finance the recent acquisition of the Netcare Christiaan Barnard Hospital (the ?property?), as previously announced on the Stock Exchange News Service (?SENS?) of the JSE Limited (?JSE?) on 28 February 2017.



The capital raise will be offered to qualifying Investors through an accelerated bookbuild process (the ?bookbuild?) conducted on the JSE. Only public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) will be eligible to participate in the capital raise. The capital raise is not an offer to the public as contemplated under the South African Companies Act, No.71 of 2008, as amended. The bookbuild will open on Tuesday, 09 May 2017, at 17h15 (South African time) and will close on Wednesday, 10 May 2017, at 09h00 (South African time). Pricing and allocations will be announced as soon as practical following the closing of the bookbuild. The Company may at its own discretion shorten or extend the bookbuild period and extend the application period at any time and for any reason. Avior Capital Markets Proprietary Limited is acting as the sole bookrunner for this capital raise.
02-May-2017
(C)
Revenue for the period increased to R232.5 million (2016: R170.1 million), profit attributable to equity holders of the parent decreased to R60.6 million (2016: R62.5 million), while headline earnings per share lowered to 1.5 cents per share (2016: 2.2 cents per share).



Company prospects

Ingenuity remains focused on its strategy. The Company is unique in its geographic location, being the Western Cape, and comprises a blend of superb quality long-term income-producing assets coupled together with exciting development initiatives. The development of 117 on Strand commenced during this reporting period and is expected to contribute towards meaningful returns to shareholders. The total development cost is approximately R633 million and will be completed by September 2019. The project will deliver trading profits from residential sales as well as high-yielding premium-grade investment stock.



During this reporting period, we also commenced the upgrade of the Santam Head Office building and surrounding site precinct. This project is expected to be completed by December 2017 at a total capital cost of R125.3 million. As part of the transaction, Santam has committed to a further 12-year lease commencing on 1 January 2018. This lease will add significant value to the current portfolio's already strong income stream.



In addition to the 117 on Strand project and the Santam Head Office upgrade, progress is being made on our other development opportunities. We expect to make further announcements on these by the time we report on our year-end results. The Company announced on SENS in January 2017 that Investec Property Fund Limited ('Investec') acquired a beneficial interest of 7.4% in the Company. The board of directors view this as a positive step in securing a strategic relationship with a strong partner.



Our commitment is to create enduring increased wealth for shareholders, focusing on underlying quality assets with a strong emphasis on growing Net Asset Value.
21-Apr-2017
(Official Notice)
Ingenuity expects to announce for the six months ended 28 February 2017:

- earnings per share (?EPS?) of 5.2 cents per share (2016: 5.4 cents) which is a decrease of 3.7% over the prior comparative period;

- headline earnings per share (?HEPS?) of 1.5 cents per share (2016: 2.2 cents) which is a decrease of 31.8% over the prior comparative period; and

- net asset value per share (?NAV?) of 123 cents per share (2016: 112 cents) which is an increase of 9.8% over the prior comparative period.



EPS has decreased marginally due to increases in net borrowings utilised to fund acquisitions, higher interest rates and a decrease in fair value adjustments to cater for higher market yield expectations in a higher interest rate environment compared to the prior comparative period.



HEPS has decreased due to increases in net borrowings utilised to fund acquisitions, increases in interest rates and the higher cost of funding associated with the long-term interest rate swap contracts entered into to mitigate interest rate risk. Currently, 56% of the total borrowings are hedged by contracts maturing between November 2020 and July 2021.



NAV growth has increased due to acquisitions made and growth in the value of the portfolio.



Ingenuity is committed to creating enduring increased wealth for shareholders, focusing on underlying quality assets with a strong focus on growing NAV. The above information has not been reviewed or reported on by the company?s auditors and the company?s consolidated results for the six months ended 28 February 2017 are expected to be published on or about 26 April 2017.
28-Feb-2017
(Official Notice)
03-Feb-2017
(Official Notice)
Ingenuity shareholders are advised, in compliance with section 3.59 of the JSE Limited Listings Requirements, that Mr Samuel Ronald Leon has been appointed as an independent non-executive director to Ingenuity?s board of directors (?Board?) with effect from 2 February 2017.



27-Jan-2017
(Official Notice)
Shareholders are advised that the voting results for the annual general meeting of Ingenuity (?the AGM?) held at the registered offices of the company today, 27 January 2017, all resolutions were passed by the requisite majority of Ingenuity shareholders present in person or represented by proxy at the AGM.
30-Nov-2016
(Official Notice)
Integrated annual report

Further to Ingenuity?s audited preliminary condensed consolidated results for the year ended 31 August 2016, released on SENS on 8 November 2016, the integrated annual report is available on the Company?s website, www.ingenuityproperty.com and has been posted to shareholders on 30 November 2016. The integrated annual report contains no modifications to the aforementioned published results. Shareholders can also contact Mark Wagenheim at 021 6745170 or mark@ingenuityproperty.com to request an electronic version of the integrated annual report which incorporates the notice of annual general meeting and form of proxy.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town, on Friday, 27 January 2017 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated annual report. Shareholders entitled to participate in and vote at the annual general meeting must be registered in the Company?s securities register as shareholders as at the record date of Friday, 20 January 2017.
08-Nov-2016
(C)
Revenue for the year jumped to R379.2 million (2015: R298 million), profit attributable to equity holders of the parent decreased to R159.9 million (2015: R208 million), while headline earnings per share lowered to 3.6 cents per share (2015: 4.7 cents per share).



Dividend

The group announces that no dividend is to be paid to shareholders this financial year. Indequity believes it prudent to maintain cash in the business to assist with the funding requirements of our substantial development pipeline which is set to commence in the 2017 financial year as well as to apply excess funds to reduce the higher gearing utilised to fund growth of over R1 billion during the year.



The construction of 117 on Strand as well as the upgrade of the Santam head office which commenced subsequent to year-end, have a combined capital expenditure of approximately R658 million and will add value to our portfolio. The Santam lease has been renewed for 12 years commencing 1 January 2018. The decision to retain earnings to reinvest in growth opportunities will allow shareholders to reap enhanced benefit on completion of the various schemes.
04-Nov-2016
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 28 October 2016 (?the original trading statement?) and are advised of the following revised figures for the year ended 31 August 2016:

*earnings per share (?EPS?) of 13.8 cents per share (the original trading statement reported 12.8 cents per share) which is a decrease of 26% when compared to the EPS of 18.7 cents per share reported for the corresponding year ended 31 August 2015; and

*net asset value per share (?NAVPS?) of 119 cents per share (the original trading statement reported 118 cents per share) which is an increase of 8.2% when compared to the NAVPS of 110 cents per share reported for the corresponding year ended 31 August 2015.



Headline earnings per share remains as disclosed in the original trading statement. The above information has not been reviewed or reported on by the company?s auditors and the company?s results for the year ended 31 August 2016 are expected to be published on or about 8 November 2016.

28-Oct-2016
(Official Notice)
Ingenuity expects to announce for the year ended 31 August 2016:

*headline earnings per share (?HEPS?) of 3.6 cents per share which is a decrease of 23% when compared to the HEPS of 4.7 cents per share reported for the corresponding year ended 31 August 2015;

*earnings per share (?EPS?) of 12.8 cents per share which is a decrease of 32% when compared to the EPS of 18.7 cents per share reported for the corresponding year ended 31 August 2015; and

*net asset value per share (?NAVPS?) of 118 cents per share which is an increase of 7.3% when compared to the NAVPS of 110 cents per share reported for the corresponding year ended 31 August 2015.



Earnings have decreased due to increases in borrowings utilised to fund large growth in the asset base of the company. Earnings were also negatively affected by interest rate increases of 100bps during the year under review, as well as by prudent long term interest rate swap contracts entered into to avoid any interest rate risk.



In addition to the above factors, EPS was negatively affected by the increase in the CGT inclusion rate from 18.67% to 22.4% affecting prior year valuations which had to be adjusted in this financial year through the statement of profit or loss. Net asset value growth has increased due to growth in the underlying portfolio, acquisitions made and a development completed during the year.



The above information has not been reviewed or reported on by the company?s auditors and the company?s results for the year ended 31 August 2016 are expected to be published on or about 8 November 2016.

24-Oct-2016
(Official Notice)
Ingenuity shareholders are referred to the announcement released on SENS on 26 September 2016 regarding the disposal of the property known as the Estuaries No 1 (?the Disposal?) and are advised that all the conditions precedent relating to the Disposal have been met and the Disposal has now become unconditional. Transfer of the Property is still expected to take place on or before 1 February 2017.
26-Sep-2016
(Official Notice)
Ingenuity shareholders are advised that the Company has entered into an agreement of sale with Gutsche Investment - Management Company (Pty) Ltd. ("the Purchaser"), in terms of which Ingenuity will dispose of its property being Erf 6497 Montague Gardens, known as Estuaries No 1, situated at 12 The Estuaries Street, Century City, Cape Town (?the Property") (?the Disposal?). The Disposal will become effective on date of registration of transfer which is anticipated to be on or about 1 February 2017 (?the Effective Date?).



Consideration for the Disposal

The total consideration for the Disposal is R100 million (?the Disposal Consideration?), to be settled in cash.
03-May-2016
(Media Comment)
According to Business Report Ingenuity Property Investments has grown the value of its portfolio to R4.2 billion following the recent acquisition of the Great Westerford office block in Newlands in Cape Town for R650 million. Arnold Maresky, the chief executive of Ingenuity said that the company had managed to grow its asset base significantly through strategic acquisitions and successful development initiatives.
29-Apr-2016
(C)
Revenue for the interim period was higher at R170.1 million (2014: R145.6 million). Profit before interest and taxation increased to R195.2 million (2014: R166.2 million). Profit attributable to equity holders of the parent declined R62.5 million (2014: R73.8 million). Furthermore headline earnings was unchanged at 2.2 cents per share (2014: 2.2 cents per share).



Prospects

Ingenuity remains a focused Western Cape property development company and value creator. The company's strategy remains to build a quality investment portfolio whilst maximising the rate of return on our properties and allowing flexibility to realise value when appropriate. Significant inroads have been made with Ingenuity's development pipeline over the last 12 months and the company is confident that we will reap the benefits of our efforts over the next few years.







21-Apr-2016
(Official Notice)
Ingenuity expects to announce for the six months ended 29 February 2016, earnings per share (?EPS?) of between 4.9 cents and 5.9 cents (2015: 7.2 cents) which is a decrease of between 18% and 32% over the prior comparative period.



This decrease is due to an adjustment to deferred tax liability on the fair value adjustments to investment properties as a result of the increase in the CGT (capital gains tax) inclusion rate from 66.6% to 80% announced by the Minister of Finance in his recent budget introduced in the National Assembly in February 2016. The announcement in the budget speech constitutes substantively enacted change in the effective CGT rates at 28 February 2016 in terms of Financial Reporting Guide 1 Substantively Enacted Tax Rates and Tax Laws. The increase in the CGT inclusion rate has no impact on Headline earnings per share.



The company?s consolidated results for the six months ended 29 February 2016 are expected to be published on or about 29 April 2016.
10-Mar-2016
(Official Notice)
Shareholders are advised that the voting results for the general meeting of Ingenuity regarding the approval by shareholders of the acquisition by Ingenuity of the property known as Great Westerford (?the Acquisition?), held at the registered offices of the Company today, all resolutions were passed by the requisite majority of Ingenuity shareholders present in person or represented by proxy at the general meeting.
10-Feb-2016
(Official Notice)
Shareholders are advised that a circular setting out details of the acquisition by Ingenuity of the property known as Great Westerford, situated at 240 Main Road, Newlands, Cape Town (?the Acquisition?) has been posted today and is available on Ingenuity?s website (www.ingenuityproperty.com).



Shareholders can also contact Mark Wagenheim at 021 6745170 or mark@ingenuityproperty.com to request an electronic version of the circular.



The general meeting of shareholders to approve the Acquisition will be held at Suite 102, 1st Floor, INTABA Building, 25 Protea Road, Claremont, Cape Town on Thursday, 10 March 2016, commencing at 10:00.



The record date for shareholders to be recorded on the securities register of the Company in order to be able to attend, participate and vote at the general meeting is Friday, 4 March 2016.



22-Jan-2016
(Official Notice)
Shareholders are advised that the voting results for the annual general meeting of Ingenuity (?the AGM?) held at the registered offices of the Company today, 22 January 2016 were as follows:

All resolutions were passed by the requisite majority of Ingenuity shareholders present in person or represented by proxy at the AGM.





01-Dec-2015
(Official Notice)
Further to Ingenuity?s audited preliminary condensed consolidated results for the year ended 31 August 2015, released on SENS on 5 November 2015, the integrated annual report is available on the Company?s website, www.ingenuityproperty.com and has been posted to shareholders. The integrated annual report contains no modifications to the aforementioned published results. Shareholders can also contact Mark Wagenheim at 021 6745170 or mark@ingenuityproperty.com to request an electronic version of the integrated annual report which incorporates the notice of annual general meeting and form of proxy.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Friday, 22 January 2016 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated annual report. Shareholders entitled to participate in and vote at the annual general meeting must be registered in the Company?s securities register as shareholders as at the record date of Friday, 15 January 2016.
20-Nov-2015
(Official Notice)
Ingenuity shareholders are referred to the cautionary announcement and detailed terms announcement, both released on SENS today, Friday, 20 November 2015, in relation to the proposed acquisition by the company of the property known as Great Westerford, Rondebosch, Cape Town (?the Acquisition?). As full details of the Acquisition have been announced, Ingenuity shareholders are advised that they are no longer required to exercise caution when dealing in the company's shares.
20-Nov-2015
(Official Notice)
20-Nov-2015
(Official Notice)
Ingenuity shareholders are advised that Ingenuity has entered into discussions relating to the acquisition of a property which, if successfully concluded, may have a material effect on the price of the Company?s shares. The acquisition, if concluded, will be categorised as a Category 1 transaction in terms of the Listings Requirements of the JSE Ltd.



Accordingly, Ingenuity shareholders are advised to exercise caution when dealing in the Company's shares until a full announcement is made.
05-Nov-2015
(C)
Revenue for the year rose to R298 million (R261.2 million). Profit before interest and taxation grew to R405.5 million (R291.8 million). Profit attributable to equity holders increased to R208 million (R132 million). In addition, headline earnings per share increased to 4.7 cents per share (4.2 cents per share).



Dividend

In respect of the current year the board of directors has declared a final cash dividend of 3.5 cents per share (2014: 2.5 cents per share).



Prospects

2015 has been another significant year for Ingenuity. Despite volatility and uncertainty prevailing in many markets the group remains well poised for good growth. Our Cape-based assets are considered to be very attractive and there remain excellent prime development opportunities in our portfolio. The focused approach will continue to deliver solid investment returns.
29-Oct-2015
(Official Notice)
Ingenuity expects to announce for the year ended 31 August 2015:

* headline earnings per share (?HEPS?) of between 4.4 cents per share and 5.0 cents per share, which is an increase of between 5% and 19% when compared to the HEPS of 4.2 cents per share reported for the corresponding year ended 31 August 2014;

* earnings per share (?EPS?) of between 17 cents per share and 19 cents per share, which is an increase of between 42% and 58% when compared to the EPS of 12.0 cents per share reported for the corresponding year ended 31 August 2014; and

* net asset value per share (?NAVPS?) of between 105 cents per share and 115 cents per share, which is an increase of between 12% and 22% when compared to the NAVPS of 94 cents per share reported for the corresponding year ended 31 August 2014.



Earnings and asset value growth have increased due to acquisitions made, developments completed during the year and from rental escalations.



Shareholders are advised that Ingenuity will also report on NAVPS going forward.



The company?s results for the year ended 31 August 2015 are expected to be published on or about 6 November 2015.
11-Sep-2015
(Official Notice)
Ingenuity shareholders are referred to the announcement released on SENS on 17 August 2015 regarding the offer to purchase 75% of the rental enterprise, including its improvements and leases, in respect of Erf 16472, Knysna, Western Cape situated at Main Road, Knysna and known as Knysna Mall (?the Acquisition?). As set out in the aforementioned announcement, the Acquisition was subject to certain conditions precedent. Ingenuity now advises that it was not satisfied with the results of its due diligence investigation. The Company has therefore decided not to proceed with the Acquisition and the offer therefore lapses.
28-Aug-2015
(Official Notice)
Ingenuity shareholders are advised, in compliance with rule 3.59 (b) of the JSE Ltd. Listings Requirements, that Mrs Joan Solms has been appointed as an executive director to Ingenuity?s board of directors with immediate effect.
17-Aug-2015
(Official Notice)
Ingenuity shareholders are advised that the Company has entered into an offer to purchase (?the Offer?) with The Waterbuck Trust (?the Seller?), in terms of which Ingenuity will acquire 75 % of the rental enterprise, including its improvements and leases, in respect of Erf 16472, Knysna, Western Cape (?the Property?) situated at Main Road, Knysna (?the Acquisition?) and known as Knysna Mall. The Acquisition will become effective on transfer which is expected to be on or about 1 November 2015 (?the Effective Date?).



Consideration for the Acquisition

The total consideration for the Acquisition is R240 000 000 (?the Purchase Consideration?). The Purchase Consideration will be settled by Ingenuity in cash on transfer of the Property, with the option to issue shares to settle the Purchase Consideration via a vendor consideration placing to individuals or entities approved by Ingenuity as soon as possible after the Effective Date.



Conditions precedent

The Acquisition is subject to the fulfilment of the following conditions precedent:

* Ingenuity board approval by 31 August 2015;

* mortgage finance approval on terms acceptable to Ingenuity by 11 September 2015;

* Ingenuity being satisfied in their sole discretion with the results of a comprehensive due diligence by 11 September 2015;

* Competition Commission approval to the extent required; and

* such JSE regulatory requirements as may be necessary.
08-Jun-2015
(Official Notice)
24-Apr-2015
(C)
Revenue rose to R145.6 million (R123.3 million). Profit before interest and taxation shot up to R166.2 million (R91.9 million). Profit attributable to equity holders expanded to R73.8 million (R23.9 million). Furthermore, headline earnings per share were higher at 2.2cps (2.0cps).



Prospects

The company remains focused on its strategic drive to build a quality property portfolio underpinned by solid long-term cash flows. Property fundamentals remain a core investment driver at all times. Management continues to seek value-creating investment opportunities and are in various stages of process to extract value from a substantial development pipeline. The developments will significantly enhance the portfolio in years to come.
22-Apr-2015
(Official Notice)
In terms of the JSE Ltd. Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period or a profit forecast previously provided for such period.



In light of the above, Ingenuity expects to announce for the six months ended 28 February 2015, earnings per share (?EPS?) of between 6.5 cents and 7.5 cents (2014: 2.2 cents) which is an increase of between 215% and 235% over the prior comparative period.



The above information has not been reviewed or reported on by the company?s auditors and the company?s consolidated results for the six months ended 28 February 2015 are expected to be published on or about 24 April 2015.
23-Jan-2015
(Official Notice)
Shareholders are advised that the voting results for the annual general meeting of Ingenuity (?the AGM?) held at the registered offices of the Company today, 23 January 2015 were as follows:

All resolutions were passed by the requisite majority of Ingenuity shareholders present in person or represented by proxy at the AGM.

02-Dec-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 10 November 2014 setting out full details of the acquisition by the Company of Erf 6954 Montague Gardens (the Property) (the Acquisition).



Categorisation of the Acquisition

In terms of section 10.1 of the JSE Listings Requirements, the Acquisition was classified as a small related party transaction as Ingenuity was transacting with Rabie Property Group Proprietary Limited, an associate (as defined in the JSE Listings Requirements) of Mr L H Cohen, a non-executive director of Ingenuity. Ingenuity therefore appointed Mills Fitchet Magnus Penny (the Independent Valuer), who is an independent registered valuer as defined in Section 13 of the JSE Listings Requirements, to perform an independent valuation of the Property. Based on the value of the Property arrived at by the Independent Valuer, being R11 985 200, the directors of Ingenuity are of the opinion that the terms and conditions of the Acquisition are fair to shareholders. The JSE has approved a summary of the independent valuation report of the Property prepared by the Independent Valuer and the full independent valuation report is available for inspection at the registered office of the Company, Suite 102, 1st Floor, Intaba, 25 Protea Road, Claremont, Cape Town, during normal business hours for a period of 28 days from the date of this announcement.



Value of and profits attributable to the net assets of the Acquisition

The Property being acquired is vacant land and will be funded entirely by way of a bank finance loan. As the Property will be developed, the finance charges on the loan will be capitalised during the development phase which is expected to be approximately 18 months. Accordingly, there is no financial effect on net assets nor the after tax profits of the Company.

01-Dec-2014
(Official Notice)
Further to Ingenuity?s audited preliminary condensed consolidated results for the year ended 31 August 2014, released on SENS on 4 November 2014, the integrated annual report was posted on 1 December 2014. The integrated annual report contains no modifications to the aforementioned published results.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Friday, 23 January 2015 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated annual report. Shareholders entitled to participate in and vote at the annual general meeting must be registered in the Company?s securities register as shareholders as at the record date of Friday, 16 January 2015.
10-Nov-2014
(Official Notice)
04-Nov-2014
(C)
Revenue for the year jumped to R261.2 million (R95.7 million). Profit before interest and taxation grew to R291.8 million (R131.4 million). Profit attributable to equity holders almost doubled to R132.0 million (R70.3 million). In addition, headline earnings per share increased to 4.2 cents per share (2.0 cents per share).



Dividend

In respect of the current year the board of directors has declared a cash dividend of 2.5 cents per share (1.5 cents per share), to be paid to shareholders who are registered on the record date of 12 December 2014.



Prospects

2014 has been a significant year for Ingenuity and has strongly positioned itself for the future.



Despite continued worldwide economic uncertainty, the company remains focused in its strategy to build a superior quality property group with resultant prime investment assets. This steadfast approach continues to deliver solid investment returns.
29-Oct-2014
(Official Notice)
In terms of the JSE Ltd. Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period or a profit forecast previously provided for such period.



In light of the above, Ingenuity expects to announce for the year ended 31 August 2014, headline earnings per share of between 3.8 cents and 4.6 cents (2013: 2 cents) which is an increase of between 100% and 120% over the corresponding year ended 31 August 2013.



The above information has not been reviewed or reported on by the company's auditors and the company's results for the year ended 31 August 2014 are expected to be published on or about 4 November 2014.

04-Jun-2014
(Official Notice)
Further to the cautionary announcement released on 23 May 2014, Ingenuity shareholders are advised that Ingenuity has terminated the discussions referred to therein and accordingly, Ingenuity shareholders are advised that they no longer need to exercise caution when dealing in the company's shares.
23-May-2014
(Official Notice)
Ingenuity shareholders are advised that Ingenuity has entered into discussions which, if successfully concluded, may have a material effect on the price of the Company?s shares. Accordingly, Ingenuity shareholders are advised to exercise caution when dealing in the Company's shares until a further announcement is made.
12-May-2014
(C)
Revenue more than tripled to R123.3 million (R40 million). Net attributable profit more almost quadrupled to R23.9 million (R6.1 million). In addition, headline earnings per share more than doubled to 2cps (0.9cps).



Outlook

Ingenuity's core focus remains that of building a superior quality Cape-focused investment fund. It seeks to achieve this by acquiring good quality income-producing investments, the conversion of development properties into income-earning assets and the maximising of value-add opportunities on existing income-earning properties. The Company made significant strides during the period under review completing the tenanting and occupation of its two major developments, namely Glacier Place and Atlantic Centre. Two further developments commenced during the period under review and both are due for completion during the last quarter of the current financial year. Collectively, these properties will add to our quality long-term earnings base and will translate to superior investment returns for our shareholders.
06-May-2014
(Official Notice)
Ingenuity expects earnings per share ("EPS") to be between 140% to 150% higher and headline earnings per share ("HEPS") to be between 115% and 125% higher, for the six months ended 28 February 2014 than the prior comparative period.



This is due to the earnings from properties acquired as well as the recently completed development properties brought into use, contributing towards the earnings in the current period.



The company's consolidated results for the six months ended 28 February 2014 are expected to be published on or about 9 May 2014.
25-Apr-2014
(Official Notice)
Ingenuity shareholders are advised that the Company has entered into an agreement ("the Agreement") with Sankfin (Pty) Ltd. ("the Seller"), in terms of which Ingenuity will acquire the rental enterprise conducted in respect of Erf 142633, Cape Town, known as 117 Strand Street ("the Property") and situated at 117 Strand Street, Cape Town ("the Acquisition"). The Acquisition will become effective on transfer which is expected to be on or about 16 May 2014 ("the Effective Date").



Consideration for the Acquisition

The total consideration for the Acquisition is R60 000 000 ("the Purchase Consideration"). The Purchase Consideration will be discharged by Ingenuity allotting up to 66 666 667 Ingenuity shares at an issue price of 90 cents per share ("the Consideration Shares").



The Seller has accepted 8 888 889 Consideration Shares and has renounced its rights to the balance of the Consideration Shares to individuals or entities approved by Ingenuity in terms of a vendor consideration placing. In terms of the Agreement, Ingenuity will then settle the Purchase Consideration as follows:

*R8 000 000 by way of 8 888 889 Consideration Shares; and

*the balance of R52 000 000 in cash.



Conditions precedent

The Acquisition is subject to such regulatory approval (including JSE Listings Requirements) as may be necessary for the implementation of the Acquisition.



Categorisation of the Acquisition

The Acquisition is categorised as a Category 2 transaction in terms of the JSE Limited Listings Requirements.
24-Mar-2014
(Official Notice)
Ingenuity shareholders are referred to the announcement released on SENS on 19 February 2014 regarding the acquisition of the rental enterprise conducted in respect of Erf 167543 Cape Town, known as Lansdowne Corner and situated at corner Lansdowne Road and Jan Smuts Drive, Cape Town ("the Acquisition").



As set out in the aforementioned announcement, the Acquisition was subject to certain conditions precedent, one of which was the satisfactory completion of a comprehensive due diligence by Ingenuity. On completion of the due diligence, the company has decided to terminate the agreement entered into and the Acquisition is of no further force or effect.
19-Feb-2014
(Official Notice)
Ingenuity shareholders are advised that the Company has entered into an agreement (the Agreement) with Lansdowne Corner Shopping Centre (Pty) Ltd and Green Willows Prop 284 (Pty) Ltd (the Seller), in terms of which Ingenuity will acquire the rental enterprise conducted in respect of Erf 167543 Cape Town, known as Lansdowne Corner (the Property) and situated at corner Lansdowne Road and Jan Smuts Drive, Cape Town (the Acquisition). The Acquisition will become effective on transfer which is expected to be on or about 1 May 2014 (the Effective Date).



Conditions precedent

The acquisition is subject to fulfilment or waiver of the following conditions precedent:

*Ingenuity?s board of directors approval of the Acquisition by 28 February 2014;

*mortgage finance approval on terms acceptable to Ingenuity by 28 February 2014;

*Ingenuity being satisfied, in its sole discretion, with the results of a comprehensive due diligence by 28 February 2014;

*the Seller warranting that the areas to be occupied by the Spur Group, Fives Soccer and Tiger Wheel and Tyre shall be fitted out at the Seller?s expense and that it will be responsible for all related costs including but not limited to any commissions payable;

*Competition Commission approval to the extent required; and

*such JSE regulatory requirements as may be necessary.

24-Jan-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Ingenuity held at the registered office of the company today, 24 January 2014, all the resolutions were passed by the requisite majority of shareholders present and represented by proxy.
02-Dec-2013
(Official Notice)
Further to Ingenuity's preliminary audited summarised consolidated results for the year ended 31 August 2013, released on SENS on 14 November 2013, the integrated annual report was posted on Friday, 29 November 2013. The integrated annual report contains no modifications to the aforementioned published results.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Friday, 24 January 2014 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated annual report.



Shareholders entitled to participate in and vote at the annual general meeting must be registered in the company's securities register as shareholders as at the record date of Friday, 17 January 2014.
15-Nov-2013
(Official Notice)
Shareholders are referred to the announcement of Ingenuity's preliminary results for the year ended 31 August 2013, released on SENS on 14 November 2013, and are advised that in the "dividends to shareholders" section the number of shares and the total estimated dividend to be paid by the Company was incorrect. Set out below is the corrected version which supersedes the "dividends to shareholders" section contained in the aforementioned announcement.



Dividends to shareholders

In respect of the current year reserves, the board of directors have declared a cash dividend of 1.5 cent (2012: 1 cent) per share, to be paid to shareholders who are registered on the record date of 13 December 2013. The total estimated dividend to be paid by the Company is R18.005 million (2012: R7.385 million). The dividend has been declared from income reserves and no Secondary Tax on Companies credits have been used. A dividend withholding tax of 15% will be applicable to all shareholders who are not exempt.

* Company tax reference number : 9635/047/14/6

* Gross cash dividends per share : 1.5 cent

* Net cash dividend amount per share : 1.275 cents

* Issued number of shares : 1 200 358 432

* Declaration date : Friday, 22 November 2013

* Last day to trade cum dividend : Friday, 6 December 2013

* First day to trade ex dividend : Monday, 9 December 2013

* Record date : Friday, 13 December 2013

* Payment date : Tuesday, 17 December 2013



Shares may not be dematerialised or rematerialised between Monday, 9 December 2013 and Friday, 13 December 2013, both days inclusive. The directors have performed the required liquidity and solvency tests required by the Companies Act of South Africa 2008.
14-Nov-2013
(C)
Revenue for the year shot up to R95.7 million (2012: R71.9 million). Profit for the year attributable to equity holders of the parent jumped to R70.3 million (2012: R58 million). Furthermore, headline earnings per share was higher at 2cps (2012: 1.6cps).



Dividends

In respect of the current year reserves, the board of directors have declared a cash dividend of 1.5cps (2012: 1cps), to be paid to shareholders who are registered on the record date of 13 December 2013.



Prospects

Ingenuity have noted an increased level of activity in business during the past year. Whilst uncertainties prevail the Company remains steadfast in its course to build a quality, enduring investment portfolio. The significant growth from completed developments, new acquisitions made in the financial year and future expansion opportunities planned, will bear fruits to shareholders.
11-Nov-2013
(Official Notice)
Ingenuity expects to announce for the year ended 31 August 2013, headline earnings per share of between 1.8 cents and 2.2 cents, which is an increase of between 20% and 25% over the corresponding year ended 31 August 2012. The above information has not been reviewed or reported on by the company's auditors and the company's results for the year ended 31 August 2013 are expected to be published on or about 13 November 2013.
01-Nov-2013
(Official Notice)
Ingenuity shareholders are advised that Ingenuity has issued a total of 156 500 000 shares for cash, representing 14.9% of the issued share capital of Ingenuity, in terms of a general authority to issue shares for cash as approved by Ingenuity shareholders at the annual general meeting of the company held on 25 January 2013 ("the Cash Issue").



Details of the cash issue

In total, 156 500 000 shares the New Ingenuity Shares were issued at a price of R0.80 per share (the Issue Price, representing an 8.8% discount to the 30 day volume weighted average price prior to 22 October 2013, being the date the price of the cash issue was agreed between Ingenuity and the parties subscribing for the shares. A total cash amount of R125 200 000 million has been raised in terms of the Cash Issue, and the New Ingenuity Shares issued in terms of the cash issue rank pari passu with the existing shares in issue. The New Ingenuity Shares were placed with public shareholders as defined in paragraphs 4.25 and 4.26 of the JSE Limited Listings Requirements.



Application of proceeds of the cash issue

The proceeds of the Cash Issue will be utilised to reduce existing borrowings and to fund future growth opportunities.

30-Sep-2013
(Official Notice)
Ingenuity shareholders are advised that the Company has entered into an agreement (the Agreement) with Villager Investments No 1 (Pty) Ltd, The Retreat Trust and Acucap Investments (Pty) Ltd, jointly trading as The White Road Joint Venture (White Road or "the Seller"), in terms of which Ingenuity will acquire the rental enterprise, including the property situated at 64 White Road, Retreat, Cape Town and known as Tellumat Retreat (the Property") (the Acquisition). The Acquisition will become effective on transfer which is expected to be on or about 1 April 2014 (the Transfer Date).



The Property has been acquired in line with the Company?s strategy to build a quality portfolio of assets focused in the Western Cape. The Acquisition is earnings enhancing, underpinned by quality leases with expiries beyond 5 years. It is a significant site in a strategic area in Retreat. The total land area is 28 543 sq m in extent.



The total consideration for the Acquisition is R124.5 million (the Purchase Consideration), which will be discharged by Ingenuity as follows:

*Ingenuity issuing a minimum of 58 588 235 new Ingenuity shares (the Consideration Shares) at a price of R0.85 per Consideration Share by means of a vendor consideration placing; and

*the balance of the Purchase Consideration by means of a cash payment of R74.7 million to the Seller.



The Acquisition is subject to fulfilment or waiver of the following conditions precedent:

*Ingenuity?s board of directors approval of the Acquisition by 31 October 2013;

*mortgage finance approval on terms acceptable to Ingenuity by 31 October 2013;

*Ingenuity being able to settle and place a minimum of 40% of the Purchase Consideration by way of the Consideration Shares with either the Seller or in terms of a vendor consideration placing by 31 October 2013;

*the Company being satisfied, in its sole discretion, with the results of a comprehensive due diligence by 31 October 2013;

*such JSE regulatory requirements as may be necessary; and

*Competition Commission approval to the extent required.



Further to the announcement dated 8 July 2013 regarding the acquisition of the property known as the SARS Building, Ingenuity shareholders are advised that all the conditions precedent have been fulfilled and the acquisition of the SARS Building has now become unconditional. Registration of transfer is expected to be on or after 1 October 2013.
13-Sep-2013
(Official Notice)
Further to the announcement released on SENS on 10 September 2013 relating to the transfer of the properties (the Properties) into Ingenuity's name (the Acquisitions), shareholders are notified that the Acquisitions were funded as follows:

*through the issue of 233 602 550 new Ingenuity shares at 85 cents per share, which shares were issued to one of the vendors of the Properties (200 000 000 Ingenuity shares) and a number of parties who subscribed for shares in terms of a vendor placement (33 602 550 Ingenuity shares); and

*debt of R663 million.
10-Sep-2013
(Official Notice)
Shareholders were referred to the announcements dated 8 April 2013, 9 July 2013 and 2 August 2013 relating to the acquisition by Ingenuity of eight properties and a 67% interest in Insight Property Developers (Palmyra Road) (Pty) Ltd. ("the Acquisitions").



The properties comprising the Acquisitions were transferred into Ingenuity's name on Tuesday, 10 September 2013, and the Ingenuity shares, issued to the vendors of the properties and their renouncees, in terms of the vendor placing as part consideration for the Acquisitions, will be listed on the JSE Ltd. with effect from Wednesday, 11 September 2013.
12-Aug-2013
(Official Notice)
Shareholders were advised that at the company's most recent quarterly board meeting, a decision was taken to convert to a Real Estate Investment Trust ("REIT") ("the Conversion"). The request to the JSE Ltd. to apply for REIT status will only be made by Ingenuity following compliance with certain REIT criteria, including, but not limited to, the company's gearing ratio being at most 60% ("the Gearing Ratio").



In this regard, shareholders were referred to the announcements relating to the acquisition of eight properties and a 67% interest in Insight Property Developments (Palmyra Road) (Pty) Ltd. ("the Properties" or "the Acquisitions"), and more specifically the vendor placement related thereto ("the Vendor Placement"). The Acquisitions are unconditional, as announced on 2 August 2013, and are not dependent on the Vendor Placement, and the expected transfer date of the Properties is 1 September 2013. The company is in the process of concluding the Vendor Placement, the results of which will have an impact on the Gearing Ratio. Once the Company has concluded the Vendor Placement, which is expected to occur on or about 30 August 2013, Ingenuity will assess its Gearing Ratio in light of the proposed Conversion. Shareholders will be informed timeously of steps taken to convert to REIT status.
02-Aug-2013
(Official Notice)
Shareholders are referred to the announcements dated 8 April 2013 and 9 July 2013 relating to the acquisition by Ingenuity of eight properties and a 67% interest in Insight Property Developers (Palmyra Road) Pty Ltd (the Acquisitions).



The remaining conditions precedent, being:

*the obtaining of mortgage finance acceptable to discharge that portion of the purchase

*the conclusion of a new lease agreement with the current tenant in respect of the Estuaries No. 1 building,

have now been fulfilled



The transfer date for the properties comprising the Acquisitions is still expected to occur on or about 1 September 2013.
09-Jul-2013
(Official Notice)
Shareholders are advised that, at the general meeting of Ingenuity held on Tuesday, 9 July 2013, all the ordinary resolutions and the special resolution required to approve the acquisition by Ingenuity of eight properties and a 67% interest in Insight Property Developers (Palmyra Road) Proprietary Limited (the Acquisitions) were passed by the requisite majority of shareholders present and represented by proxy.



The Acquisitions remain subject to the fulfilment of the following remaining conditions precedent by no later than 1 August 2013:

*Ingenuity obtaining mortgage finance acceptable to discharge that portion of the purchase consideration which will not be funded by the issue of Ingenuity shares; and

* a new lease agreement being concluded with the current tenant in respect of the Estuaries No. 1 building.

The transfer date for the properties comprising the Acquisitions is still expected to occur on or about 1 September 2013.

08-Jul-2013
(Official Notice)
13-May-2013
(C)
Revenue grew to R40.0 million (R34.9 million) and profit attributable to equity holders shot up to R6.1 million (R1.9 million). In addition, headline earnings per share were unchanged at 0.9cps.



Prospects

Ingenuity's core focus remains the conversion of its development properties into income-earning assets and the maximising of value-add opportunities on existing income-earning properties. Ingenuity has made great strides in commencing three substantial developments and unlocking bulk opportunities on existing sites. These developments will materially enhance the company's core income base which will ultimately translate to superior investment returns for its shareholders.
08-May-2013
(Official Notice)
Ingenuity expects earnings per share ("EPS") for the six months ended 28 February 2013 to be between 195% to 205% higher than the prior comparative period.



This was due to the comparative EPS being materially impacted by the increase in the effective capital gains tax rate calculated on the revaluation of investment properties.



Headline EPS for the six months ended 28 February 2013 is expected to be the same as the prior comparative period.



The company's results for the six months ended 28 February 2013 are expected to be published on or about 10 May 2013.
08-Apr-2013
(Official Notice)
Shareholders were referred to the cautionary announcement dated 27 February 2013 and are advised that as the details of the Acquisitions have now been disclosed, caution is no longer required to be exercised by shareholders when dealing in the company's securities.
08-Apr-2013
(Official Notice)
13-Mar-2013
(Official Notice)
Ingenuity shareholders were referred to the announcement released on SENS on 27 February 2013 regarding the disposal of the property situated at Erf 4769, George and known as the Loerie Centre ("the Property") ("the Disposal").



As set out in the aforementioned announcement, the Disposal was subject to certain conditions precedent which have not been fulfilled, and accordingly the agreement entered into for the Disposal of the Property is of no further force or effect.



Shareholders were reminded that the cautionary announcement released on SENS on 27 February 2013 is still effective.
27-Feb-2013
(Official Notice)
Ingenuity shareholders are advised that Ingenuity has entered into discussions which, if successfully concluded, may have a material effect on the price of the company?s shares. Accordingly, Ingenuity shareholders are advised to exercise caution when dealing in the company's shares until a further announcement is made.



27-Feb-2013
(Official Notice)
Ingenuity shareholders are advised that the Company has entered into an agreement of sale ("the Agreement") with K2012103571 (Pty) Ltd., whose name is currently being changed to Interurban Property Fund (Pty) Ltd. ("Interurban" or "the Purchaser"), in terms of which Ingenuity will dispose of the rental enterprise, including the property situated at Erf 4769, George and known as the Loerie Centre ("the Property") ("the Disposal"). The Disposal will become effective on transfer which is expected to be on or about 31 May 2013 ("the Transfer Date").



Rationale for the Disposal

The Property was acquired in September 2010 and had been upgraded and fully tenanted. The offer received from the Purchaser was considered attractive and provided the Company the opportunity to realise value and allow it to reduce borrowings.



Consideration for the Disposal

The total consideration for the Disposal is R56.5 million ("the Disposal Consideration"), to be settled in cash on the Transfer Date. The proceeds on disposal will be utilised to reduce borrowings.



Conditions precedent

The Disposal is subject to fulfilment of the following conditions precedent:

* the Purchaser shall have the right to undertake a due diligence investigation; and

* the Purchaser is granted a mortgage securities loan of an amount of R33.9 million within 21 days after acceptance of the due diligence letter of satisfaction.
25-Jan-2013
(Official Notice)
Shareholders are advised that, at the annual general meeting of Ingenuity held at the registered office of the Company today, all the resolutions were passed by the requisite majority of shareholders present and represented by proxy.
07-Dec-2012
(Official Notice)
30-Nov-2012
(Official Notice)
Further to Ingenuity's preliminary audited summarised consolidated results for the year ended 31 August 2012, released on SENS on 15 November 2012, the annual report was posted today, 30 November 2012. The annual report contains no modifications to the aforementioned published results.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Friday, 25 January 2013 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the annual report.



Shareholders entitled to participate in and vote at the annual general meeting must be registered in the company's securities register as shareholders as at the record date of Friday, 18 January 2013
15-Nov-2012
(C)
Revenue for the year jumped to R71.9 million (R59.1 million). Profit attributable to equity holders of the parent almost doubled to R58.0 million (R29.5 million). Furthermore, headline earnings per share lowered to 1.6 cents per share (1.8 cents per share).



Dividend

The board of directors have declared a maiden cash dividend of 1 cent per share.



Prospects

Broader economic factors continue to place negative pressures on growth. Ingenuity, however, remains well poised for expansion. The significant development activity undertaken in the past year should enhance our asset base substantially and ultimately reward shareholders in the forthcoming periods.
26-Oct-2012
(Official Notice)
Ingenuity expects to announce basic earnings per share of between 8.18 cents and 9.82 cents for the year ended 31 August 2012. Headline earnings per share is expected to be similar to that of the previous corresponding period. The company's results for the year ended 31 August 2012 are expected to be published on or about 6 November 2012.
07-May-2012
(C)
Revenue for the interim period increased to R34.9 million (2011: R28.7 million), while profit attributable to equity holders of the parent fell to R1.9 million (2011: R5.6 million). Furthermore, headline earnings per share lowered to 0.3cps (2011: 1cps).



Prospects

Ingenuity's core focus remains the conversion of its development properties into income-earning assets and the maximising of value-add opportunities on existing income-earning properties. This year Ingenuity has made great strides in commencing three substantial developments and unlocking bulk opportunities on existing sites. These developments will materially enhance the group's core income base which will ultimately translate to superior investment returns for the shareholders.
04-May-2012
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 20 April 2012 ("the trading statement") and are advised that the company is now in a position to give further guidance as follows:

* Ingenuity expects earnings per share ("EPS") for the six months ended 29 February 2012 to be between 60% to 70% lower than the prior comparative period as was announced in the trading statement; and

* further, Ingenuity expects headline EPS for the six months ended 29 February 2012 to be between 65% to 75% lower than the prior comparative period due to the increase in the tax rate computation of Capital Gains Tax which was announced in the Budget in February 2012, increasing the inclusion rate from 50% to 66.67%.

The company's results for the six months ended 29 February 2012 are expected to be published on or about 7 May 2012.
20-Apr-2012
(Official Notice)
Ingenuity expects earnings per share ("EPS") for the six months ended 29 February 2012 to be between 60% to 70% lower than the prior comparative period. The main reason for the change in the EPS is due to the increase in the tax rate computation of Capital Gains Tax which was announced in the Budget in February 2012, increasing the inclusion rate from 50% to 66.67%. The investment properties held by the company are valued after providing for deferred taxes on any capital gains and the increase in the effective tax rate has been provided for through the income statement. The impact is an additional tax charge of R 4.0 million in this period. Headline EPS for the six months ended 29 February 2012 is expected to be the same as the prior comparative period. The company's results for the six months ended 29 February 2012 are expected to be published on or about 30 April 2012.
20-Mar-2012
(Official Notice)
Shareholders are advised that at the general meeting of the company held at Suite 102, 1st Floor, INTABA, 25 Protea Road, Claremont, Cape Town, the ordinary resolutions relating to the ratification of an acquisition by Ingenuity of a property known as Newspaper House, situated at 122 St George's Mall, Cape Town, were passed by the requisite majority of shareholders present or represented by proxy.

20-Feb-2012
(Official Notice)
Shareholders are advised that, a circular, together with a notice of general meeting, relating to the ratification of an acquisition by Ingenuity of a property known as Newspaper House, situated at 122 St George's Mall, Cape Town, has been posted today, 20 February 2012.



Notice of a general meeting

The general meeting of Ingenuity shareholders will be held at Suite 102, 1st Floor, INTABA, 25 Protea Road, Claremont, Cape Town on Tuesday, 20 March 2012, commencing at 10:00 for the purpose of considering and, if deemed fit, passing with or without modification, the ordinary resolutions relating to the acquisition.
30-Nov-2011
(Official Notice)
Further to Ingenuity's abridged audited consolidated results for the year ended 31 August 2011, published on 7 November 2011, the annual report was posted today. The annual report contains no modifications to the aforementioned published results.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Friday, 27 January 2012 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the annual report.

24-Nov-2011
(Official Notice)
Ingenuity shareholders are advised that the company has entered into an agreement ("the agreement") with the trustees for the time being of the Procon GT Property Fund Trust ("Procon" or "the purchaser"), in terms of which Ingenuity has sold the property known as Natural Stone Warehouse, situated at 11 Paarden Eiland Road, Paarden Eiland, Cape Town ("the property") ("the disposal"). The disposal will become effective on transfer which is expected to be during January 2012 ("the transfer date").



Rationale for the disposal

The property was acquired in October 2007 when Ingenuity was restructured and has been upgraded and is fully let. The company has disposed of this smaller asset in line with its strategy of growing its asset base and focus on larger strategic properties. The proceeds on the disposal will be utilised to reduce borrowings and to apply to development initiatives of the company.



Consideration for the disposal

The total consideration for the disposal is R27.5 million ("the disposal consideration") and will be discharged in full by the purchaser as follows:

* by a cash deposit of R1.375 million on fulfilment of the last of the conditions precedent; and

* by the furnishing of a bank guarantee for the balance of the disposal consideration within 14 days of the fulfilment of the last of the conditions precedent.

The disposal consideration is payable on the transfer date.



Conditions precedent

All conditions precedent relating to the disposal have been fulfilled.
18-Nov-2011
(Official Notice)
Ingenuity shareholders were advised that the company has entered into an agreement ("the agreement") with Independent Newspapers (Pty) Ltd ("Independent Newspapers" or "the seller"), in terms of which Ingenuity will acquire the property known as Newspaper House, situated at 122 St George's Mall, Cape Town ("the property") ("the acquisition"). The acquisition will become effective on transfer which is expected to be on or about 15 December 2011 ("the transfer date").



Consideration for the acquisition

The total consideration for the acquisition is R86 million ("the purchase consideration"). The purchase consideration will be discharged by Ingenuity as follows:

* by the issue of a renounceable letter of allotment to the seller for 80 000 000 Ingenuity shares ("the consideration shares"), totalling R40 million and the Seller being obliged to renounce the consideration shares to a renouncee ("the vendor placement"). The consideration shares were issued at a price of R0.50c per share, which price is at 7.5% premium to the 30 day weighted average price of Ingenuity shares traded prior to the conclusion of the acquisition on 10 November 2011; and

* by the furnishing of a guarantee in the form of a bank facility approved by a registered commercial bank, in the amount of R46 million.



Unaudited pro forma financial effects of the acquisition

Before - after:

* EPS (cents) : 5.0 - 4.5

* HEPS (cents) : 1.8 - 1.7

* NAV and NTAV (cents) : 68.0 - 66.2

* Shares and weighted shares in issue : 658 550 000 - 738 550 000.
07-Nov-2011
(C)
Revenue for the period ended 31 August 2011 increased to R59.1 million (2010: R56.3 million), and profit before taxation grew to R37.2 million (2010: R36.3 million). Profit attributable to equity holders of the parent increased to R29.5 million (2010: R27.3 million). Furthermore, headline earnings per share increased to 1.8cps (2010: 1.0cps).



Dividend

No dividend has been declared.



Prospects

In line with management's strategy to create a leading Cape based development and investment property company we remain focussed on extracting maximum value from the existing portfolio and unlocking all non-income producing developments assets. The development of the new building on the Santam site and the redevelopment of Atlantic Centre will add significant value to the asset base in the forthcoming years whilst continued efforts to maximise value to the existing investment base will further enhance shareholder wealth. There are signs that economic activity is increasing and Ingenuity remains well positioned to continue to grow its asset base.
21-Oct-2011
(Official Notice)
Ingenuity expects to announce headline earnings per share of between 1.9 cents and 2.1 cents, for the year ended 31 August 2011. The above information has not been reviewed or reported on by the company`s auditors and the company's results for the year ended 31 August 2011 are expected to be published on or about 31 October 2011.
28-Jul-2011
(Official Notice)
Shareholders are advised that:

*ABSA Bank Ltd ("ABSA") has notified Ingenuity that it has disposed of a beneficial interest in the ordinary shares of the company, such that the total beneficial interest of Ingenuity ordinary shares held by ABSA is now nil; and

*Pruta Securities (Jersey) Ltd ("Pruta") has notified Ingenuity that it has acquired a beneficial interest in the ordinary shares of the company, such that the total beneficial interest of Ingenuity ordinary shares held by Pruta is now 10% of the total issued Ingenuity ordinary shares.

05-May-2011
(Official Notice)
Ingenuity shareholders are advised that the Company has entered into an agreement of sale ("the agreement") with Charden Investment Company (Pty) Ltd ("the Seller"), in terms of which Ingenuity will purchase the property known as Atlantic Centre and situated at the corner of Oswald Pirow Drive and Louis Gradner Street, Culemborg, being Erf 34, Roggebaai, City of Cape Town, Province of Western Cape ("the Property") ("the acquisition"). The effective date of the acquisition is on transfer of the Property into Ingenuity's name, which is to be on or as close as possible to 1 July 2011 ("the transfer date").



Consideration for the acquisition

The total consideration for the acquisition is R60 million ("the purchase consideration"), to be settled in cash out of current cash resources and borrowing facilities on the transfer date.



Suspensive conditions

All suspensive conditions relating to the acquisition have been fulfilled.



Categorisation

The acquisition is a Category 2 transaction in terms of the JSE Ltd Listings Requirements.
15-Apr-2011
(C)
Revenue for the interim period fell to R28.7 million (2010: R30.4 million), while profit before taxation increased to R7.9 million (2010: R5.7 million), and profit attributable to equity holders of the parent rose to R5.6 million (2010: R3.2 million). Furthermore, headline earnings per share improved to 1cps (2010: 0.6cps).



Dividend

No dividend was declared.



Prospects

Management's main focus remains the conversion of its development land into income-earning assets, as well as maximising any value-add opportunities on existing income-earning properties. The company is well capitalised with a solid base, and is ideally positioned to grow the portfolio as suitable acquisition opportunities arise.
13-Apr-2011
(Official Notice)
Ingenuity expects basic and diluted earnings per share for the six months ended 28 February 2011 to be between 70% to 90% higher than the prior comparative period and headline earnings per share for the six months ended 28 February 2011 to be between 45% to 65% higher than the prior comparative period. The company's results for the six months ended 28 February 2011 are expected to be published on or about 18 April 2011.
08-Feb-2011
(Official Notice)
Ingenuity shareholders were advised that the company has entered into sale agreements ("the agreements") with Quickvest 361 (Pty) Ltd, PDV Kantore (Pty) Ltd, Spanish Ice Properties 45 (Pty) Ltd and Antrimsuid (Pty) Ltd (collectively "the sellers"), in terms of which Ingenuity will purchase, subject to fulfilment of the suspensive condition set out below, the rental enterprise conducted in respect of the property known as units 1 to 6 inclusive of Sectional Title Scheme SS Edward 142, Scheme Number 704, located at Erf 38063, Bellville, situated at 142 Edward Street, Tyger Valley and its improvements and leases ("the property") ("the acquisition"). The effective date of the Acquisition is on transfer of the Property into Ingenuity's name, which is to be on or as close as possible to 1 April 2011 ("the transfer date").



Rationale for the acquisition

In line with Ingenuity's investment strategy of growing the company with quality assets, the acquisition is earnings enhancing and represents an attractive investment.



Consideration for the acquisition

The total consideration for the acquisition is R 31.9 million ("the purchase consideration"), to be settled in cash out of current cash resources and borrowing facilities on the transfer date.



Suspensive condition

The acquisition is subject to fulfilment of the following suspensive condition: mortgage finance approval by 28 February 2011.



Unaudited pro forma financial effects of the acquisition

Before - after:

* EPS : 3.9 - 4.2

* HEPS :1.0 - 1.3

* NAV : 61 - 61

* Share in issue net of treasury shares : 606 385 618 - 606 385 618.
28-Jan-2011
(Official Notice)
Shareholders are advised that, at the annual general meeting of Ingenuity held at the registered office of the company today, all the resolutions were passed by the requisite majority of shareholders present and represented by proxy. The special resolution will be registered with the Companies and Intellectual Property Registration Office in due course.
08 Dec 2010 10:51:23
(Official Notice)
Posting of Ingenuity's annual report and details of the annual general meeting In compliance with section 3.22 of the JSE Limited Listings Requirements, information regarding the annual report and annual general meeting is set out below.



Annual report

Further to Ingenuity's abridged audited consolidated results for the year ended 31 August 2010, published on 4 November 2010, the annual report was posted on 29 November 2010. The annual report contains no modifications to the aforementioned published results.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Friday, 28 January 2011 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the annual report.

11 Nov 2010 17:47:41
(Official Notice)
Shareholders are referred to the announcement of Ingenuity's abridged audited consolidated results for the year ended 31 August 2010, released on SENS on 4 November 2010, and are advised that the "Prospects" section contained in the aforementioned announcement was not reviewed or reported on by the company's auditors.
04 Nov 2010 15:51:37
(C)
Revenue for the period ended increased to R56.3 million (2009: R55.9 million), and profit before taxation grew to R36.3 million (2009: R35.6 million). Profit attributable to equity holders of the parent weakened to R24.1 million (2009: R29.1 million). Furthermore, headline earnings per share weakened to 1.0cps (2009: 1.9cps).



Dividend

No dividend has been declared.



Prospects

The company's management is focused on creating a leading Cape based development and investment property company. The company's core focus remains on extracting maximum value from the existing portfolio and unlocking all non- income producing assets. Ingenuity is of the view that economic growth will be muted but with prudent management, a strong financial base and additional available capacity, the company is confident that they will continue to enhance shareholder wealth through increases in earnings and net asset growth.
22 Oct 2010 17:02:25
(Official Notice)
In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period or a profit forecast previously provided for such period. In light of the above, Ingenuity expects to announce headline earnings per share of between 0.9 cents and 1.1 cents, for the year ended 31 August 2010. The above information has not been reviewed or reported on by the company's auditors and the company's results for the year ended 31 August 2010 are expected to be published on or about 2 November 2010.

30 Aug 2010 14:00:24
(Official Notice)
Shareholders are advised that Ingenuity has entered into an agreement in relation to the purchase of Ingenuity shares by a subsidiary company during a prohibited period. The prohibited period will commence on 1 September 2010 and is anticipated to end on or about 29 October 2010, when the company's results are scheduled to be released on SENS.



The maximum number of shares to be repurchased during the prohibited period share repurchase programme will be 20 000 000 Ingenuity shares, subject to Sponsor sign-off on the adequacy of Ingenuity's working capital in terms of Schedule 25 of the JSE Limited ("JSE") Listings Requirements. The mandate in the agreement is for an irrevocable, non- discretionary programme to purchase the company's shares. Any purchases will be effected within certain pre-set parameters within the limits of the JSE Listings Requirements.

01 Jul 2010 14:34:09
(Official Notice)
Ingenuity shareholders are referred to the announcement released on SENS on Monday, 14 June 2010 regarding the acquisition of the property known as the Loerie Centre and are advised that all the conditions precedent relating to the acquisition, as referred to in the aforementioned announcement, have been met and that a formal agreement of sale is being prepared for signature. Transfer of the property is still expected to take place on or as close as possible to 1 August 2010.
14 Jun 2010 09:46:47
(Official Notice)
Ingenuity has entered into an offer to purchase with the Lot 491 trust and the Hipo Trust, in terms of which Ingenuity will purchase, subject to fulfilment of the conditions precedent set out below, the rental enterprise conducted in respect of the property known as Loerie Centre and its improvements and leases. The effective date of the acquistion is on transfer of the property into Ingenuity's name, which is to be on or as close as possible to 1 August 2010. In line with Ingenuity's investment strategy of growing with quality assets, the acquisition is earnings enhancing and represents an attractive investment. The total consideration for the acquisition is R40.5 million, to be settled in cash out of current borrowing facilities.



The acquisition is subject to fulfilment of the following conditions precedent which will be dealt with in more detail in a formal agreement of sale to be entered into between Ingenuity and the sellers:

*The approval of the board of directors of Ingenuity by 30 June 2010;

*Mortgage finance approval by 30 June 2010; and

*Ingenuity being satisfied with the results of a comprehensive due diligence of the property by 30 June 2010.



The acquisition is a category twp transaction in terms of the JSE Ltd listings requirements.
03 May 2010 10:54:45
(Official Notice)
Ingenuity shareholders are advised, in compliance with rule 3.59 (b) of the JSE Limited Listings Requirements, that Mr Andrew John Branch has been appointed as independent non-executive director to Ingenuity?s board of directors with effect from 30 April 2010.

23 Apr 2010 17:28:38
(C)
Revenue increased from R24.9 million to R30.4 million in 2009.Profit before taxation decreased to R5.7 million (2008:R9.1 million).Profit attributable to ordinary shareholders decreased to R3.2 million (R6.7 million). Headline earnings on a per share basis decreased to 0.60cps (1.0cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The core investments of the portfolio remain well let, producing solid long- term returns. Management's focus remains on extracting the additional value- add opportunities on the core portfolio and to convert development land into income-producing assets. The developments will add considerable value to the portfolio and generate increased rental inflows in the forthcoming years. The reduction in borrowings as a result of applying the proceeds on the sales of the investment properties will impact positively on the second half income. The comments above exclude the effects of any unforeseen circumstances and the information on which these are based has not been reviewed or reported on by the company's auditors.
19 Mar 2010 12:26:59
(Official Notice)
Ingenuity shareholders were advised that Mr Rodney Squire-Howe has been appointed as independent non-executive director to Ingenuity's board of directors. Mr Squire-Howe will also hold the position of chairman of the board.
28 Jan 2010 10:31:55
(Official Notice)
Shareholders are advised that, at the annual general meeting of Ingenuity held at the registered office of the company, all the resolutions were passed by the requisite majority of shareholders present and represented by proxy. The special resolution will be registered with the Companies and Intellectual Property Registration Office in due course.
31 Dec 2009 11:45:10
(Official Notice)
Ingenuity shareholders are referred to the announcement released on SENS by Trematon Capital Investments Ltd ("Trematon") in which shareholders were informed of Trematon's disposal of its 20% equity interest in Ingenuity. Accordingly, Ingenuity shareholders are advised that the following directors, being representatives of Trematon on Ingenuity's board of directors ("the board"):

*Mr Monty Kaplan (chairman);

*Mr Arnold Jack Shapiro (non-executive director); and

*Mr Allan Groll (non-executive director),

have resigned from the board with immediate effect. Shareholders will be informed of the appointment of a new chairman in due course.
11 Dec 2009 11:35:51
(Official Notice)
Shareholders are advised that, at the general meeting of Ingenuity held at the registered office of the company, all the resolutions were passed by the requisite majority of shareholders present and represented by proxy, relating to:

*The disposal by Ingenuity of the property known as 22 Long Street, Cape Town.

*The specific repurchase of 20 000 000 Ingenuity ordinary shares.

*The approval of the limited recourse loan agreement entered into between Ingenuity, the Du Toit Investment Trust ("the trust) and Withmore Investments 3 (Pty) Ltd ("Withmore Investments) dated 6 October 2009, and the related security cession and pledge agreement entered into between Withmore Investments and the Trust dated 6 October 2009.

The special resolution will be registered with the CIPRO in due course.
09 Dec 2009 16:58:36
(Official Notice)
Further to Ingenuity's reviewed condensed preliminary consolidated results for the year ended 31 August 2009, published on 03 November 2009, the annual report was posted today. The annual report contains no modifications to the aforementioned published results.



The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Thursday, 28 January 2010 at 09h00, to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
19 Nov 2009 17:58:22
(Official Notice)
Shareholders are referred to the announcement published on the SENS on Tuesday, 28 July 2009, regarding the proposed disposal of the Property to Phomella Property Investments (Pty) Ltd. The conditions precedent relating to the disposal, save for Ingenuity shareholder approval, have now been fulfilled. A circular incorporating a notice of general meeting to be held on Friday, 11 December 2009 where such shareholder approval will be sought, has been posted today.
04 Nov 2009 08:03:55
(C)
Revenue increased from R31.9 million to R55.8 million in 2009.Profit before taxation decreased to R35.6 million (2008:R57.7 million).Profit attributable to ordinary shareholders decreased to R29.0 million (R44.4 million). Headline earnings on a per share basis increased to 1.90cps (1.50cps).



Dividends per share

No final dividend was declared for the period under review.



Prospects

The company's management is focused on creating a leading Cape based development and investment property company. The group is of the view that economic recovery will be slow for the year ahead but with prudent management, a strong financial base and additional available capacity, management remain confident that they will continue to enhance shareholder wealth through increases in earnings and net asset growth.









29 Oct 2009 14:06:56
(Official Notice)
Ingenuity expects to announce basic earnings per share of between 4.14 cents and 5.06 cents and headline earnings per share of between 1.67 cents and 2.03 cents, for the year ended 31 August 2009. The above information has not been reviewed or reported on by the company's auditors and the company's results for the year ended 31 August 2009 are expected to be published on or about 2 November 2009.
28 Jul 2009 14:14:45
(Official Notice)
Shareholders are referred to the announcement dated 28 May 2009 in which Ingenuity shareholders were advised that the company had entered into agreements of purchase and sale with Phomella Property Investments (Pty) Ltd ("Phomella"), in terms of which Ingenuity would dispose of two of its properties known as 22 Long Street, Cape Town and 33 Waterkant Street, Cape Town. Further to the above, the agreement of purchase regarding 22 Long Street ("the Property`) has been amended with effect from 21 July 2009 ("the Amended Agreement"), to reflect the effective date of the disposal as 1 November 2009 and the purchase consideration as R104.5 million (previously R108 million).



The agreement of purchase between Phomella and Ingenuity regarding 33 Waterkant Street has lapsed due to certain suspensive conditions not being fulfilled. Ingenuity has subsequently entered into an agreement in terms of which 33 Waterkant Street will be sold to Tayfic Trading 304 CC ("Tayfic") for R9.2 million. This new agreement is subject to the raising of funding by Tayfic by 14 August 2009. Phomella and Tayfic are independent purchasers. The 22 Long Street disposal ("the disposal") is therefore categorised as a Category 1 transaction in terms of the JSE Ltd Listings Requirements, while the 33 Waterkant Street disposal is categorised as below Category 2.



Conditions precedent relating to the 22 Long Street Disposal

The disposal is subject to, inter alia, the following conditions precedent:

*Ingenuity shareholder approval;

*the conclusion by Phomella of a new lease agreement for a period of ten years with an existing tenant of the property within 45 days of the date of the amended agreement;

*the provision of guarantees by Phomella's financiers by 4 August 2009; and

*the obtaining of the relevant regulatory approvals, to the extent required



Circular relating to the disposal

As the disposal is categorised as a Category 1 transaction, a circular, incorporating a notice of general meeting, convening a general meeting of shareholders to consider and approve the Disposal will be posted to Ingenuity shareholders in due course.
28 May 2009 13:31:16
(Official Notice)
Ingenuity shareholders are advised that the company has entered into agreements of purchase and sale with Phomella Property Investments (Pty) Ltd, dated 14 May 2009, in terms of which Ingenuity will dispose of two of its properties known as 22 Long Street, Cape Town and 33 Waterkant Street, Cape Town. The disposal will become effective on 1 September 2009.



Conditions precedent

The Disposal is subject to, inter alia, the following conditions precedent:

*The purchaser obtaining acquisition finance for the properties.

*The completion of a due diligence exercise by the purchaser on the properties.

*The agreements being concluded simultaneously.

*Ingenuity shareholder approval.

*The obtaining of the relevant regulatory approvals, to the extent required; and - competition authority approval.



Withdrawal of cautionary announcement

Ingenuity shareholders are referred to the cautionary announcement dated Wednesday, 13 May 2009. Further to the above, Ingenuity shareholders need no longer exercise caution when dealing in Ingenuity securities.
15 May 2009 18:03:52
(C)
Revenue increased from R11 650 million to R24 933 million in 2009. Operating profit decreased to R16 757 million (2008:R22 136 million). Profit attributable to ordinary shareholders decreased to R6 584 million (R17 755 million). Headline earnings on a per share basis decreased to 1.0cps (1.40cps).



Dividends per share

No dividend was declared for the period under review.



Prospects

The development projects currently in the planning phase are expected to commence construction during the next financial year. These developments will add significant value to the company's portfolio and generate increased rental inflows in the forthcoming years. Management continues to seek opportunities and are confident of creating a superior asset base capable of yielding solid returns for shareholders. Subsequent events There are no material subsequent events to be reported on as at the date of signature of this report.
13 May 2009 09:30:11
(Official Notice)
Shareholders are advised that Ingenuity has entered into discussions which, if successfully concluded, may have a material effect on the price at which the company's securities trade on the JSE Ltd.shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
13 May 2009 09:27:09
(Official Notice)
Ingenuity expects to announce basic earnings per share and headline earnings per share for the 6 months ended 28 February 2009 that will be 80% to 100% lower and 20% to 30% lower than that of the basic earnings and headline earnings per share for the 6 months ended 29 February 2008 of 3.31 cents and 1.37 cents respectively.



The difference in basic earnings per share is due mainly to the negative charge to the income statement in the current period of the fair value adjustments to financial derivatives; and to the non-recurring trading profit earned on the disposal of listed investments in the comparative period.



The decrease in headline earnings per share in the current period is due mainly to the increases in interest rates. Since December 2008, interest rates have decreased 350 basis points, the effects of which will impact positively during the second half of the company?s financial year.



The above information has not been reviewed or reported on by the company's auditors and the company's interim results for the 6 months ended 28 February 2009 are expected to be published on or about 15 May 2009.
14-Apr-2009
(Permanent)
All SENS announcements that were released prior to Ingenuity's previous renaming to SA Reit Ltd in 2007 have been deleted.
29 Jan 2009 12:35:29
(Official Notice)
Shareholders are advised that, at the annual general meeting of Ingenuity held at the registered office of the Company today, all the resolutions were passed by the requisite majority of shareholders present and represented by proxy. The special resolution will be registered with the Registrar of Companies in due course.
02 Dec 2008 11:58:04
(Official Notice)
Further to Ingenuity's audited results for the year ended 31 August 2008, published on 31 October 2008, the annual report was posted on Friday, 28 November 2008. The annual report contains no modifications to the aforementioned published audited results.



Annual general meeting

The annual general meeting of the shareholders of Ingenuity will be held at Suite 102, First Floor, Intaba, 25 Protea Road, Claremont, Cape Town on Thursday, 29 January 2009 at 10h00, to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
24-Nov-2008
(Permanent)
SA Reit Ltd renamed to Ingenuity Property Investments Ltd on 11 November 2008.
30 Oct 2008 11:05:51
(Official Notice)
Shareholders are advised that, at the general meeting of SA REIT held at the registered office of the company, all the resolutions relating to the acquisition by SA REIT of the Santam Corporate Office Complex and the change of name of SA REIT to Ingenuity Property Investments Ltd, were passed by the requisite majority of shareholders present and represented by proxy. The special resolution will be registered with the Registrar of Companies in due course.
28 Oct 2008 17:58:10
(Official Notice)
SA Reit expects to announce basic earnings per share ("actual EPS") and headline earnings per share ("actual HEPS") for the year ended 31 August 2008 that will be 230% to 250% higher and 25% to 30% lower than that of the forecast basic earnings and headline earnings per share for the year ended 31 August 2008 of 2.19 cents ("the forecast information") respectively. Actual EPS and actual HEPS were negatively impacted by repairs and maintenance costs incurred during the refurbishment of the 22 Long Street and 33 Waterkant Street properties which costs were not included in the forecast information. Notwithstanding this, actual EPS increased in comparison to the forecast information mainly due to trading profit earned on the disposal of listed investments, additional net rental income from investment properties acquired during the year and fair value adjustments to investment properties which were not included in the forecast information. The forecast information is that information that pertained to the year ending 31 August 2008, as set out in the circular to shareholders dated 5 September 2007. The company's results for the year ended ended 31 August 2008 are expected to be published on or about 30 October 2008.
08 Oct 2008 14:35:01
(Official Notice)
SA REIT shareholders are referred to the announcement dated Friday, 15 August 2008 in terms of which shareholders were advised that the company had submitted an offer to purchase for a purchase price of R177 500 000 ERF 32140 Tyger Valley, known as Santam Corporate Office Complex situated between Sportica Crescent and Carl Cronje Drive, Tyger Valley, Bellville, to Multiplex Investment Holding Company (Pty) Ltd, which offer was accepted on 11 August 2008. Pursuant to the Offer, SA REIT has entered into an acquisition agreement dated 27 August 2008 to formalise the acquisition. The terms and conditions of the acquisition agreement are not materially different from those contained in the offer. It is further proposed that the company's name "SA REIT" be changed to "Ingenuity Property Investments Ltd".



The purchase price is to be settled in cash and will be funded by increasing the facilities from a special purpose vehicle funded jointly by Nedbank Ltd and Absa Bank Ltd. In the event that the transfer of the property is not registered by 31 October 2008, the company will pay interest to the Vendor at a rate equal to 3% per annum, calculated on the purchase price, from 1 November 2008 up to the day before the registration of the transfer of the property.



SA REIT shareholders are referred to the cautionary announcement dated Friday 15 August 2008. Further to the above, SA REIT shareholders need no longer exercise caution when dealing in SA REIT securities.
15 Aug 2008 12:54:42
(Official Notice)
SA Reit shareholders are advised that the company submitted an offer to purchase ERF 32140 Tyger Valley, known as Santam Corporate Office Complex situated between Sportica Crescent and Carl Cronje Drive, Tyger Valley, Bellville, to Multiplex Investment Holding Company (Pty) Ltd, which offer was accepted on 11 August 2008. The Acquisition will become effective upon transfer of the property which is expected to take place by 31 October 2008. A circular providing information on the acquisition and incorporating a notice convening a general meeting at which SA Reit shareholder approval for the acquisition will be sought, will be posted to SA Reit shareholders in due course.
25 Apr 2008 15:01:17
(Official Notice)
Shareholders of SA REIT are referred to the joint announcement regarding the proposed sale by Super Group Ltd and acquisition by SA REIT of a portfolio of 11 commercial and industrial properties dated 9 April 2008. Shareholders are advised that certain of the conditions precedent to the transaction have not been fulfilled and therefore the transaction will not become effective. Further to the above, shareholders need no longer exercise caution when dealing in SA REIT securities.
23 Apr 2008 14:54:46
(C)
Revenue increased to R11.7 million (R1.6 million) for the interim period to 29 February 2008. Operating income came in at R9.3 million, versus a loss of R0.3 million previously. Profit for the period attributable to ordinary shareholders rose more than ten times to R17.8 million (R1.1 million). In addition, headline earnings per share grew to 1.37cps (0.98cps).



Dividend

No dividend has been declared for the six month period under review.



Prospects

The board expects to maintain its earnings forecast for the full year. The successful completion of the development projects currently in progress will add significant value to the company's portfolio and generate increased rental inflows in the forthcoming years. These projects are expected to be completed during the 2010 financial year.
16 Apr 2008 16:38:09
(Official Notice)
10 Apr 2008 11:29:25
(Official Notice)
SA Reit expects to announce basic earnings per share and headline earnings per share for the six months ended 29 February 2008 that will be 260% to 270% higher and 45% to 55% higher than that of the forecast earnings and headline earnings per share for the interim period of 0.9 cents ("the forecast information") respectively. The increase in basic earnings per share is due to the realised profit on available-for-sale investments of R12.1 million earned in this interim period. The forecast information is that information pertaining to the six months ending 29 February 2008, forming part of the forecast for the 12 months ending 31 August 2008, as set out in the circular to shareholders dated 5 September 2007. The company's results for the six months ended 29 February 2008 are expected to be published on or about 24 April 2008.
09 Apr 2008 15:16:21
(Official Notice)
Shareholders are advised that SA Reit has entered into negotiations which, if successfully concluded, may have a material effect on the price at which the company's securities trade on the JSE Ltd. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
27 Mar 2008 07:39:27
(Official Notice)
Shareholders are advised that SA Reit has entered into an agreement dated 18 March 2008 with Outward Investments (Pty) Ltd, a wholly owned subsidiary of Redefine Income Fund Ltd, a company listed on the JSE, to dispose of an undivided half share in the properties known as the Curry Building situated at the corner of Bree, Long and Mechau Streets, Cape Town and the CMH Building situated at the corner of Bree, Long and Hans Strijdom Avenue, Cape Town. Furthermore, SA Reit has entered into a joint venture, development and enterprise agreement with Outward Investments for the development of the properties and subsequent holding and management as a commercial rental enterprise. The disposal will become effective no later than 30 April 2008 or when the condition precedent has been fulfilled.
30 Oct 2007 09:02:07
(Permanent)
Shops renamed to SA Reit Ltd on 22 October 2007.
16-Jan-2018
(X)
Ingenuity Property Investments Ltd. is a property investment company in South Africa with its core strategic focus to acquire and develop or re-develop properties within the Western Cape region. Ingenuity derives its income from rentals received from property investments. The portfolio comprises offices, retail (which includes gymnasiums), light industrial, parking and development property situated predominantly in the Western Cape with a gross lettable area of 194 731 m? and land with a combined site area of 14 371m? for future development. The total value of the property portfolio amounts to R4.48 billion, which includes investment properties under development, inventory and land of R344.7 million.


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