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08-Dec-2017
(Official Notice)
Shareholders are notified that, with effect from 7 December 2017, Brian Craig will step down as Chairman of the Insimbi board until further notice. He will remain on the board as an Independent Non-Executive Director. The current Lead Independent Non-Executive Director, Robert Dickerson will assume the role of Chairman with immediate effect.
20-Oct-2017
(Official Notice)
Shareholders are notified that, Mrs Sandra Saunders has resigned as company secretary of the Company for health related reasons with effect from 30 November 2017. Shareholders are also notified that Mr Andr? de Wet has been appointed as interim company secretary with effect from 1 December 2017 until a suitable permanent candidate has been appointed. Shareholders will be further notified once a permanent candidate has been appointed.
17-Oct-2017
(Official Notice)
With reference to the announcements published on 17 July 2017, 28 August 2017 and 10 October 2017, shareholders are advised that the transaction will no longer be pursued. Accordingly caution is no longer required by shareholders when dealing in their securities.
10-Oct-2017
(Official Notice)
Shareholders are referred to the announcements published on 17 July 2017 and 28 August 2017, where it was advised that the company had entered into discussions regarding a transaction which, if successfully concluded, may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement is made in this regard.
26-Sep-2017
(C)
Revenue for the interim period shot up to R1.7 billion (2016: R480.3 million). Gross profit increased to R179.8 million (2016: R68.6 million) and operating profit grew to R77.3 million (2016: R19.9 million). Total comprehensive income for the year rose to R46.5 million (2016: R11.2 million). In addition, headline earnings per share shot up to 11.95 cents per share (2016: 4.78 cents per share).



Dividend

An interim gross dividend of 3 cents per share has been declared on 21 September 2017.



Company prospects

Insimbi is well positioned for the future. Diversified products, revenue, client base and geographic location allow us to pursue our goals with the required vigour and energy. The expansion of the Atlantis, Cape Town, site to include the plastics blow-moulding and rotomoulding facilities has been completed and we will commence production in the third quarter. This follows a successful implementation of the strategy earlier in the year at our site in Durban. This will allow us to penetrate these markets cost effectively with a superior product from world class facilities.



Expansion of the AMGH metal recycling footprint into KZN and Western Cape is a key focus and inroads are already being made to achieve this.



Major inroads have been made regarding our ambition to produce ultra-low carbon alumino-thermic ferrochrome which will increase production volumes of aluminium in existing plants and provide us with a high value beneficiated chrome product for the local and export market. We are under cautionary with another transformative transaction being explored, which we hope to conclude in this financial year. We believe this transaction will be value accretive and bring further diversification and value added opportunities to Insimbi.



We are continuously looking at how we are able to achieve the impossible and as such we are focusing on exploiting under-performing assets, maximising synergies and ensuring appropriate cost management across all the business segments.



We believe that the Group is well positioned to continue to deliver on the promise reflected in the above results.

05-Sep-2017
(Official Notice)
The board of directors of Insimbi provided shareholders with a trading statement of the Group?s results for the six months ended 31 August 2017. Shareholders are advised that earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to be between 11.70 cents per share to 12.20 cents per share representing an increase in:

- EPS of between 137% and 147% compared to 4.94 cents per share for the period ended 31 August 2016; and

- HEPS of between 145% and 155% compared to 4.78 cents per share for the period ended 31 August 2016.



The main factors contributing to the abovementioned results are:

- the impact of the acquisition of Amalgamated Metals Recycling group of companies (?AMR?);

- improved performance in Insimbi Group?s other traditional operations; and

- synergies between AMR and other Group companies.
31-Aug-2017
(Official Notice)
Shareholders are notified that, with effect from 9 October 2017, the board of directors of Insimbi has appointed Mr Andr? de Wet as the Chief Financial Officer.
28-Aug-2017
(Official Notice)
Shareholders are referred to the announcement published on 17 July 2017, where it was advised that the company had entered into discussions regarding a transaction which, if successfully concluded, may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement is made in this regard.
17-Jul-2017
(Official Notice)
Shareholders are advised that the company has entered into discussions regarding a transaction which, if successfully concluded, may have a material effect on the price of the company?s securities.



The strategic intent of the envisaged transaction is to expand the Group?s product offering, and further its objectives in the beneficiation arena.



Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until further details are disclosed.
26-Jun-2017
(Official Notice)
Insimbi ordinary shareholders are advised that at the annual general meeting (?AGM?) of shareholders held at Stand 359 Crocker Road, Wadeville, Extension 4, Germiston on Monday, 26 June 2017 at 10h00, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The number of ordinary Insimbi shares voted in person or by proxy was 320 002 719 representing 78% of the total ordinary issued share capital of the same class of Insimbi ordinary shares.
29-May-2017
(C)
Revenue for the year jumped to R1.3 billion (R1.0 billion) whilst gross profit grew to R185.8 million (R125.0 million). Operating profit increased to R54.4 million (R44.4 million). Profit attributable to owners was higher at R29.6 million (29.4 million). In addition, headline earnings per share fell to 10.87 cents per share (12.42 cents per share).



Dividends

An interim dividend number 14 of 1.5 cents per share was declared on 10 November 2016 in respect of the period ending 31 August 2016. The total amount paid was R3 898 612 (2016: R4 725 814).



The board has elected to adopt a conservative approach at year-end and, in light of the significant debt incurred to conclude the AMR transaction has not declared a dividend for the full year, but decided to conserve cash and focus on reducing gearing in the business to a more appropriate level.



The total dividend payable in the year under review was therefore 1.5 cents per share or R3 898 216 (2016: 4,5 cents per share or R10 655 104).



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of Insimbi Refractory and Alloy Supplies Ltd. will be held at 359 Crocker Road, Wadeville Ext 4, Germiston on Monday 26 June 2017 at 10:00, to transact the business as stated in the notice of annual general meeting included in the Integrated Annual Report which has been posted to shareholders today, 29 May 2017.



Company Market and Prospects

Instability in South African politics, as well as volatile international markets are likely to result in a challenging environment in the future. The anticipated downgrade of South Africa's sovereign debt has been realized, with further downgrades anticipated. This has had a serious knock-on effect with the inevitable downgrade of all banks and state owned entities.



2017 is likely to continue to be a challenging year on all fronts, with little evidence of a pick-up in the construction or steel markets, although there seems to be some positive sentiment in the cement industry. Although the effect of a restructuring of the cement industry, which is anticipated over the next few months, on our business is not clear, the business is prepared and well diversified to manage the impact.
23-May-2017
(Official Notice)
Shareholders are notified that the board of directors of Insimbi (?the Board?) has reviewed its structure and composition in light of the substantial changes to the company over the past year.



Mr Pieter Schutte, the chief executive officer (?CEO?) of Insimbi has advised the board of his retirement effective 30 November 2017. During his remaining tenure to 30 November, Pieter will be focusing on the consolidation of Insimbi?s position as a leading refractory supplier and will be involved in the recruitment, induction and mentorship of skilled technical people to ensure that the refractory segment of the company continues to be a leader in its field in the future. Pieter has agreed to provide consulting services as and when required beyond his official retirement on 30 November 2017.



The board announces the appointment of Mr Fred Botha as CEO of Insimbi effective 1 June 2017. Pieter and Fred have worked closely together over the 9 years since the IPO in March 2008 and the transition is expected to be seamless.



The board has also considered the need to balance the number of executive, non-executive and independent non-executive directors in line with King III and King IV Reports (?the King requirements?) and the Listings Requirements. Mr Colin Botha, Mr Eddie Liechti and Mr Pieter Schutte have agreed to resign as executive directors of Insimbi with effect from 31 May 2017 to facilitate a board restructure in line with King requirements and corporate governance best practice. This will have no impact on their operational roles in the company or their directorships at subsidiary company level and they will continue to provide their valuable support to the Group.



Furthermore, following a review of the composition of the board, the appointment of Mr Brian Craig as chairperson (rather than Interim Chairperson) with effect from 22 May 2017, has been confirmed.

19-May-2017
(Official Notice)
Shareholders are referred to the company?s voluntary trading statement released on SENS on 19 April 2017 in which the company advised on its anticipated results for the year ended 28 February 2017 following its acquisition of the Amalgamated Metals Recycling group of companies. Furthermore, shareholders are advised that the EBITDA for the period is likely to be as follows:

*EBITDA F2017 - up between 20% and 25%

*EBITDA compared to F2016 YOY - R53.1 million

*EBITDA second half F2017 - up between 65% and 70%

*EBITDA comparison with first half F2017 - R24.5 million



The EBITDA has been impacted by -

*The classification of foreign exchange gains and losses being excluded from EBITDA in the company?s management accounts whilst being included in the EBITDA for the company?s annual financial statements in terms of IFRS classification.



The basic and headline earnings per share including all other information previously announced remains the same.



The financial information on which this trading statement is based has not been reviewed by the company?s auditors. The company?s financial results will be released on or before 31 May 2017.

19-Apr-2017
(Official Notice)
Insimbi provided shareholders with a voluntary trading statement in respect of the Company?s financial results for the year ended 28 February 2017.



The Company anticipates that the following results will be achieved:

* Earnings per share (EPS) : down to between 10.07 cents and 11.06 cents

* Headline earnings per share (HEPS) : down to between 10.06 cents and 10.87 cents per share



As advised on 13 December 2016, the acquisition of the Amalgamated Metals Recycling group of companies (?AMR?) has been finalised and the integration of the two businesses has progressed smoothly. AMR?s results will be consolidated into the Insimbi group results for the last two and half months of the financial year. Given the short effective period post acquisition of AMR it is anticipated that the full impact of the transaction on the Insimbi group will only become evident in the current financial year ending 28 February 2018.



The final results have been impacted by

- Once-off costs relating to the AMR acquisition as well as finance costs relating thereto;

- As anticipated in the release of Insimbi?s interim results on 10 November 2016, a large customer, Steloy Castings Proprietary Limited is now in liquidation. Insimbi has provided for 100% of the R10 million owing as it is unclear what portion, if any, of the amount due will be recovered; and

- The volatility of the ZAR against foreign currencies but, in particular, the USD and the Euro, has resulted in a reversal of previous foreign exchange gains.



The Company?s financial results will be released on or about 24 May 2017.
16-Jan-2017
(Official Notice)
Further to the announcement released on SENS on 16 January 2016, the directors of Insimbi wish to notify shareholders that Mr Robert Dickerson was the former Chief Executive Officer and Group Chairman of the Fidelity Security Group, not Fidelity Services Group.
16-Jan-2017
(Official Notice)
Shareholders are notified that the board of directors of Insimbi (?the board?) announced the appointment of Mr. Christiaan Coombs as an Executive Director and Mr. Robert Dickerson as a Non-Executive Director of the board with effect from 16 January 2017 as part of the restructure of the board following the AMR Group acquisition.



Furthermore, the board announced the appointment of Mr. Brian Craig as an interim Chairperson with effect from 1 February 2017 following the resignation of the former Chairperson, Mrs. Lerato Okeyo. His term of office as interim chairperson will be determined after a thorough review of the operating structure of the business post the AMR Group acquisition, whereafter a permanent appointment will be made.
09-Dec-2016
(Official Notice)
Shareholders are notified that Sandra Saunders has been appointed as Company Secretary of Insimbi with effect from 1 February 2017.
08-Dec-2016
(Official Notice)
Shareholders are advised that Lerato Okeyo has resigned from the board of directors of Insimbi (?the Board?) with effect from 31 January 2017 to pursue other business interests.



The Company will undertake a post- Amalgamated acquisition restructure of the Board and that announcement of new chair will be notified within the allowable time.
05-Dec-2016
(Official Notice)
Shareholders are referred to the SENS announcement published on 7 November 2016 whereby notice was given regarding the general meeting (?GM?) to approve the resolutions as contained in the circular posted to Insimbi shareholders on the same day regarding the acquisition by Insimbi of the AMR Corporate Group (?the Transaction?). Shareholders are now notified that at the GM held on 5 December 2016, both special resolution number 1 and 2 and ordinary resolution number 1 and 2 were duly passed by the requisite majority of votes.



Update on completion date of the Transaction:

Insimbi and the AMR Corporate Group agreed to extend the completion deadline date from 30 November 2016 to 15 December 2016, as contemplated in clause 1.1.36 of the sale and purchase agreement.



Update on Vendor Placement:

Shareholders are advised that the R 100 million vendor placement has been fully subscribed for and the newly issued Insimbi shares will be issued to applicants by no later than 12 December 2016.
01-Dec-2016
(Official Notice)
The board of directors of the Company advised shareholders that Kristell Holtzhausen has resigned as company secretary of Insimbi with effect from 31 January 2017. The Insimbi board is in the process of finding a suitable replacement for Kristell and will advise shareholders in due course when an appointment is made.
23-Nov-2016
(Official Notice)
hareholders are referred to the SENS announcements regarding the acquisition by Insimbi of the AMR Group (?the Transaction?), the latest of which being 16 November 2016, whereby shareholders were advised that the Transaction was unconditionally approved by the Competition Commission (in terms of Chapter 3 of the Competition Act 1998). Shareholders are further advised that funders have confirmed their support for the senior debt funding on terms that are not materially different to that disclosed in the circular to shareholders posted to shareholders on Monday, 7 November 2016.



Insimbi shareholders are reminded of the shareholders meeting scheduled for Monday, 5 December 2016 at 14:00 where approval for the Transaction will be sought. Shareholders are also reminded that expressions of interest to participate in the vendor placement must be submitted by Friday 2, December 2016. Shareholders are advised to contact Bridge Capital Advisors Proprietary Limited if they have any further queries about the vendor placement.

16-Nov-2016
(Official Notice)
Shareholders are referred to the SENS announcements on 22 June 2016, 26 July 2016 and 14 September 2016 regarding the acquisition by Insimbi of the AMR Group (?the Transaction?). Shareholders are advised that Transaction was unconditionally approved by the Competition Commission (in terms of Chapter 3 of the Competition Act 1998).



As announced on SENS on 7 November 2016, shareholders are reminded that the general meeting to approve the Transaction will take place on 5 December 2016.

10-Nov-2016
(C)
08-Nov-2016
(Official Notice)
Shareholders are advised that the Company has changed its website to www.insimbi-iras.co.za. The previously used website of www.insimbi-alloys.co.za/ will be used for Insimbi Alloy Supplies (Pty) Ltd., a major subsidiary of the Company.
07-Nov-2016
(Official Notice)
14-Sep-2016
(Official Notice)
02-Aug-2016
(Official Notice)
Shareholders are notified that the board of directors of Insimbi announced the appointment of Mr. Brian Craig as an independent non- executive director as well as a member of the Audit and Risk Committee of the company, effective 1 August 2016.
26-Jul-2016
(Official Notice)
Shareholders are referred to the cautionary announcement made on 22 June 2016 where it was advised that the company had entered into a memorandum of understanding (?MOU?) between Insimbi and the shareholders of the Amalgamated Metals Recycling (Pty) Ltd., Amalgamated Metals Recycling SA (Pty) Ltd., Amalgamated Metals West Rand (Pty) Ltd. (the ?AMR Group?) and the properties from which the AMR Group operates (the ?AMR Acquisition?). The AMR Acquisition will further diversify Insimbi?s product offering, customer base and therefore, revenue streams.



Shareholders are notified that following the conclusion of the MOU, the board of directors of the company have formally approved the AMR Acquisition subject to certain suspensive conditions, the full terms and details of the categorisation of the AMR Acquisition, inter alia, will be published in due course upon finalisation of the requisite legal agreements for the AMR acquisition. A competition commission application is expected to be submitted during August 2016.



Consequently, negotiations are still on-going which if successfully concluded may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a full announcement is made.
27-Jun-2016
(Official Notice)
Insimbi ordinary shareholders are advised that at the annual general meeting (?AGM?) of shareholders held at Stand 359 Crocker Road, Wadeville, Extension 4, Germiston on Friday, 24 June 2016 at 10h00, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



The number of ordinary Insimbi shares voted in person or by proxy was 208,104,350 representing 80.04% of the total ordinary issued share capital of the same class of Insimbi ordinary shares.



22-Jun-2016
(Official Notice)
The board of directors of Insimbi (?the Board?) is pleased to announce that in terms of a memorandum of understanding (?MOU?) concluded between Insimbi (?the Purchaser?) and the controlling shareholders of Amalgamated Metals Recycling (Pty) Ltd., Amalgamated Metals Recycling SA (Pty) Ltd., Amalgamated Metals West Rand (Pty) Ltd. (collectively, the AMR Group?) the Purchaser intends to acquire 100% of the AMR Group, as well as the properties from which the AMR Group operates (?the AMR Transaction?).



Nature of the business of the AMR Group

The business conducted by the AMR Group is that of the aggregation, processing, recycling and sale of scrap metal, which business is conducted from three facilities on the properties located at Devland, Roodepoort and Booysens.



Rationale for the Transaction

The rationale for the AMR Transaction is to create a larger, diversified group of companies, and to become a significant player in the metals market. The acquisition will also create a significant Rand hedge benefit to the group. The combined group will have approximately R3 billion in revenue and a profit after tax of R80 million (based on historical Insimbi and AMR Group results) for the year ended 29 February 2016. It is envisaged that the transaction will also allow for improved share liquidity.



Transaction Consideration

The purchase price for the AMR Group, and the properties shall be an aggregate amount of R284.1 million (?AMR Purchase Price?), of which R234.1 million will be payable in cash. The cash requirement will be raised via a specific placement of Insimbi shares, and term debt facilities to be negotiated. The balance of R50 million will be settled in Insimbi shares, which are to be issued at R1.00 per Insimbi share.



Conditions Precedent

The Transaction will be conditional upon the conclusion of, amongst others, the following conditions precedent:

- Conclusion of definitive sale and purchase agreements; and

- All regulatory approvals, as required in terms of the JSE Ltd. Listings Requirements (?LR?) and the applicable competition authorities.



Shareholder to act with caution

Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until further announcements are made.
08-Jun-2016
(Official Notice)
Shareholders are notified that the board of directors of Insimbi announces the appointment of Ms. Pamela Mogotlane and Mr. Nelson Mwale as non-executive directors of the company; both appointments are effective 8 June 2016.



19-May-2016
(C)
03-May-2016
(Official Notice)
Shareholders are referred to the SENS announcements published on 29 February 2016 and 31 March 2016 whereby notice was given regarding the general meeting (?GM?) to approve the resolutions as contained in the circular posted to Insimbi shareholders on 31 March 2016. Shareholders are now notified that at the GM held on 3 May 2016, both ordinary resolution 1, 2 and 3 and special resolution 1, 2 and 3 proposed were duly passed by the requisite majority of votes.
26-Apr-2016
(Official Notice)
The board of directors of Insimbi (?the board?) hereby provides shareholders with a voluntary trading statement of the company?s results for the year ended 29 February 2016.



The company expects earnings per share (?EPS?) to be between 12 cents and 12.60 cents per share compared to EPS of 10.88 cents reported for the previous corresponding period, representing an increase of between 10% and 16% per share.



The company expects headline earnings per share (?HEPS?) to be between 12.25 cents and 12.85 cents per share compared to HEPS of 11.27 cents reported for the previous corresponding period, representing an increase of between 9% and 14% per share.



The increase in EPS and HEPS was as a result of improved trading activity in the traditional sectors of Insimbi, as well as cost efficiencies and is despite the impairment of debts owing by Evraz Highveld Steel and Vandium Ltd., as well as various non-recurring expenses relating to, amongst others, the acquisition of Polydrum (Pty) Ltd., the change in bankers and the purchase of two new properties during the year.



The company?s financial results will be released on or about 20 May 2016.
31-Mar-2016
(Official Notice)
01-Mar-2016
(Official Notice)
Shareholders are advised that Dr. Gilimamba Mahlati has resigned from the board of directors of Insimbi (?the Board?) with effect from 31 March 2016 to pursue other business interests. Dr. Mahlati has served as an independent non-executive director of the Company since 1 January 2009, as the Chairperson of the Social and Ethics Committee and as a member of the Remuneration and Nominations Committee.

01-Mar-2016
(Official Notice)
01-Mar-2016
(Official Notice)
29-Sep-2015
(C)
16-Sep-2015
(Official Notice)
Insimbi shareholders are referred to the trading statement issued on the 2nd September 2015 wherein they were advised that the Group expected an improvement of at least 20% in both earnings per share (?EPS?) headline earnings per share (?HEPS?) (which equated to an increase of at least 0.684 and 0.682 cents per share respectively) and resulting in a minimum of at least 4.10 and 4.09 cents per share respectively for the six months ending 31 August 2015.



Insimbi announced that they are now confident that the expected range for both EPS and HEPS for the period ending 31st August 2015, will be between 70% and 80% higher when compared to the previous corresponding period. This equates to EPS of between 5.80 and 6.14 cents per share (an increase of between 2.39 and 2.73 cents per share) and HEPS of between 5.81 and 6.16 cents per share (an increase of between 2.39 and 2.74 cents per share).



The increase is a consequence of improved trading and operating conditions, despite the challenges faced by the local steel industry, which has been mitigated to a large degree by the Group?s ever expanding diversification. Insimbi expects to release its interim financial results by no later than 7th October 2015.
02-Sep-2015
(Official Notice)
Insimbi shareholders are advised that the Group expects an improvement of in excess of 20% in both earnings per share (?EPS?) (which equates to an increase of at least 0.684 cents per share) and headline earnings per share (?HEPS?) (which equates to an increase of at least 0.682 cents per share) for the six months ending 31 August 2015 resulting in a minimum EPS of 4.10 cents per share and HEPS of 4.09 cents per share for interim the reporting period ended 31 August 2015.



Further guidance on the expected ranges for EPS and HEPS for the year ending six months ending 31 August 2015 will be provided when a reasonable degree of certainty exists but the increase is a consequence of improved trading and operating conditions, despite the challenges faced by the local steel industry, which has been mitigated to a large degree by the Group?s ever expanding diversification.



Insimbi expects to release its interim financial results by no later than 7 October 2015. The financial information on which this trading statement is based has not been reviewed and reported on by the Group?s auditors.

30-Jul-2015
(Official Notice)
Shareholders are referred to the announcements made on SENS on 09 July 2015 and 27 July 2015 regarding the acquisition of Polydrum (Pty) Ltd. (?the Acquisition?). The board is now pleased to announce that all the conditions precedent have now been met and the Acquisition has now been concluded.
27-Jul-2015
(Official Notice)
Shareholders are referred to the announcement made on SENS on 09 July 2015 (?Initial Announcement?) regarding the acquisition by the Company of Polydrum (Pty) Ltd. (?the Acquisition?).



The Company advised shareholders that section 1.9 of the Initial Announcement stating that all conditions precedent relating to the Acquisition had been met, was not correct. Accordingly shareholders are advised that there remains one outstanding condition precedent prior to finalising the Acquisition:

* an exemption from the Takeover Regulation Panel (?TRP?) for the Acquisition to be exempted from the application of the provisions of Part B and Part C of the Companies Act and the Takeover Regulations or, to the extent that such exemption cannot be obtained, the approval of the TRP being obtained for the implementation of the Acquisition;



The Company is confident that this condition precedent will be met timeously.
09-Jul-2015
(Official Notice)
In Compliance with paragraph 3.59 of the Listing Requirements of the JSE, shareholders are notified of the following:



The Insimbi Board announced with immediate effect the appointment of Mrs Cleopatra Shiceka as an independent non-executive director of the Company. Mrs Cleopatra Shiceka will be appointed as the chairman of the Audit and Risk committee, and a member of the Social and Ethics and Nomination and Remuneration committees.



Cleopatra holds both a Bachelor of Arts in Law and Bachelor of Law degrees from the University of Swaziland, as well as a Higher Diploma in Tax Law from the University of Witwatersrand. She studied Intermodal Logistics, brokering and chartering, as well as port and terminal operations at the Global Maritime school in New York and has completed a number of leadership development courses, including Advanced Strategic Management (IMD, Switzerland), Advanced Project Finance (Institute of Euromoney, London) and Advanced Leadership Development Program (GIBS).



Cleopatra is currently GM to the Office of the Chief Executive of Transnet Freight Rail. She has served on several legal committees, as well as the General Counsel on the Executive Board of the Union of African Railways and as the African Region representative that advised the Executive Board of the International Association of Railways in Paris. She has served as non-executive director and/or chairperson of various companies and committees.
09-Jul-2015
(Official Notice)
30-Jun-2015
(Official Notice)
Shareholders are referred to the announcement made on 19 May 2015 where it was advised that the Company had entered into negotiations to acquire a 75% equity stake in a plastic blow-moulding company which if successfully concluded will further diversify Insimbi?s product offering and customer base.



Shareholders are subsequently notified that negotiations are still on-going which if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company?s securities until a full announcement is made.
26-Jun-2015
(Official Notice)
Insimbi ordinary shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Thursday 25, June 2015, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. Please note ordinary resolution 3.3 was removed from the AGM agenda due to the retirement of Mr D O?Connor (as announced on SENS on 19 June 2015), who was as a result not available for re-election to the board.
19-Jun-2015
(Official Notice)
In accordance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., the following changes to the board of directors of Insimbi (?the Board?) was announced:



Mr. Daniel O?Connor will retire as chairman and non-executive director of Insimbi at the Annual General Meeting (?AGM?) of the Company being held on 25 June 2015.



Accordingly Mrs Lerato Okeyo (formerly Mashologu) is appointed as independent chairman of the Board. The appointment will take effect from 25 June 2015. Lerato has served as an independent non-executive member on the Board since 19 March 2008.



The Board of Insimbi wish to thank Daniel for his leadership and the contribution he has made as chairman to the board, and wishes him well in his retirement.



The Board have identified an independent non-executive director as a replacement which will be announcement in due course. The board anticipates that the new appointment will go on to chair the audit and risk committee in compliance with the JSE Listing Requirements and King III.
27-May-2015
(C)
13-Mar-2015
(Official Notice)
Shareholders are referred to the SENS announcement published on 11 February 2015 whereby notice was given regarding the General Meeting to approve the resolutions as contained in the circular posted to shareholders on the same day.



Shareholders are now notified that at the general meeting held on 13 March 2015, the special resolution was duly passed by the requisite majority of votes.
19-May-2015
(Official Notice)
Shareholders are advised that the Company has entered into negotiations to acquire a 75% equity stake in a plastic blow-moulding company which if successfully concluded will further diversify Insimbi?s product offering and customer base (?the Acquisition?). Shareholders are notified that if the Acquisition is successfully concluded it may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a full announcement is made.
11-Mar-2015
(Official Notice)
In terms of section 3.4 (b) of the Listings Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by at least 20% or more from the financial results for the previous corresponding period.



Insimbi is pleased to announce that despite being 25% lower in EPS (3.41 cents per share) and HEPS (3.42 cents per share) at our interim reporting period ended 31st August 2014 compared to the previous corresponding period, we now expect EPS and HEPS from continuing operations for the full year ended 28th February 2015 to be in the following ranges:

*EPS: an increase of between 25% and 35% on the restated comparative period or between 10.5 cents and 11.3 cents per share (2014: 8.37 cents).

*HEPS: an increase of between 30% and 40% on the restated comparative period or between 11.1 and 12 cents per share (2014: 8.55 cents)



The Insimbi group experienced normalised operational conditions (post the Numsa strike in July 2014) in the second half of the financial year despite the challenging economic and electricity environment and this has resulted in a solid performance for the full financial year.



Insimbi expects to release its annual financial results by no later 29th May 2015. The financial information on which this trading statement is based has not been reviewed and reported on by the Company?s auditors.
12-Feb-2015
(Official Notice)
11-Feb-2015
(Official Notice)
12-Dec-2014
(Official Notice)
Shareholders are referred to the announcements made on SENS dated 1 August 2014, relating to the specific repurchase Insimbi shares by the Company. Insimbi shareholders are advised that the posting of the circular to shareholders referred to in the above mentioned announcement has been delayed. The delay is due to the restatement that was made in the interim financial results for the six months ended 31 August 2014, details of which are contained in the SENS announcement released on 20 November 2014. As a result of the restatement new pro forma financial information has had to be compiled for inclusion in the circular ultimately delaying the posting of the circular. It is anticipated that the process should be completed and the circular posted to shareholders by the end of January 2015. Shareholders will be notified of any changes to the anticipated timetable as they occur.
20-Nov-2014
(C)
12-Sep-2014
(Official Notice)
Insimbi expects EPS and HEPS from continuing operations to decrease by between 22% and 27% compared to the corresponding period last year. The decrease in EPS and HEPS from continuing operations can be attributed to the four week Numsa strike experienced in July which had a significant effect on foundry and aluminum sectors of Insimbi's business. Unfortunately due to intimidation during the strike, the other sectors of Insimbi's business which did not fall under Numsa e.g. cement, paper and pulp, textiles were also affected as this made logistics impossible. However; it should be noted that all operations have performed well during the year with the exception of this four week strike in July. Insimbi expects to release its interim results by no later 30 November 2014.
29-Aug-2014
(Official Notice)
Shareholders are hereby advised that Insimbi has, via its subsidiary company, an existing mandate to repurchase its ordinary shares during its closed period. This period commences on 1 September 2014 and terminates by no later than 30 November 2014 when the company is scheduled to publish its interim results. The maximum number of shares that may be repurchased during the closed period share repurchase programme will be 5 000 000 shares. The agreement has been entered into with a single agent who has full discretion in executing the Repurchase Programme. Any purchases will be affected within certain pre-set parameters within the limits of the JSE Listing Requirements.
22-Aug-2014
(Official Notice)
Shareholders are notified that at the Company's annual general meeting held on 22 August 2014, all of the special resolutions and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course.
01-Aug-2014
(Official Notice)
28-May-2014
(C)
Revenue for the year shot up to R939 million (2013: R828.3 million). Gross profit rose to R101.1 million (2013: R83.6 million), operating profit climbed to R35.4 million (2013: R19.4 million), while profit for the year from continuing operations jumped to R20.3 million (2013: R8.9 million). Furthermore, headline earnings per share more than doubled to 8.38cps (2013: 3.15cps).



Dividend

A final gross dividend of 2.5cps has been approved and declared (2013: Rnil).



Market and Prospects

The Foundry Segment experienced more stable and sustainable trading conditions during the period under review mainly due to improved market conditions, less labour unrest in its sector and improved commodity prices. Revenues increased by 12% to R583 million in the year under review. The Steel Segment also showed signs of improvement but it remains subdued although we are optimistic about the outlook for the next financial year. Revenues increased by 16% to R258 million during the period under review The Refractory Segment also performed exceptionally well and revenues increased by 16% to R94 million during the year under review. Insimbi's reputation continues to grow and we had the privilege of being nominated as Afrisam Ltd.'s supplier of the year for 2013/14.



Insimbi is still anxiously awaiting the roll-out of the planned infrastructure spend which has been spoken so much about over the last three to four years but the company has still not seen any significant evidence of it. This inability of government to effectively spend budgets allocated to infrastructure on said projects, continues to dampen their results. This being said, Insimbi had a very pleasing year due to improved focus and market conditions generally, and the company wait in anticipation of the promised and wide ranging infrastructure uplift. This will have a very positive impact on Insimbi's business. Economic conditions in South Africa are still under pressure but the company enter the 2015 financial year on a far stronger and more optimistic note than we approached the 2014 year with, last year.



Notice of Annual General Meeting

Notice is given that the annual general meeting of Insimbi will be held at 359 Crocker Road, Wadeville Ext 4, Germiston on Friday 22 August 2014 at 10:00, to transact the business as stated in the notice of annual general meeting included in the Annual Report which has been posted to shareholders.
01-Apr-2014
(Official Notice)
Insimbi is proud to announce the signing of a three year contract with AfriSam South Africa (Pty) Ltd. as their preferred supplier for all their refractory and services.
24-Mar-2014
(Official Notice)
EPS and HEPS for the financial year ended 28 February 2013 were 3.13 and 3.15 cps respectively. Insimbi expect EPS and HEPS from continuing operations for the financial year ended 28 February 2014 to be between 7.5 and 9.0 cps.



The improvement in EPS and HEPS from continuing operations can be attributed to:

* Good trading conditions in the second half of the year compared to the strike ridden second half of 2012.

* Exports into Africa.

* Exchange rates impacting positively on selling prices.

* Restructuring of the business and well controlled overhead.



Insimbi expects to release its full year end results on or before 31 May 2014.
03-Mar-2014
(Official Notice)
Shareholders are advised that Insimbi has, via its subsidiary company, an existing mandate to repurchase its ordinary shares during its closed period. This period commences on 1 March 2014 and terminates on or about 31 May 2014 when the Company is scheduled to publish its interim results. The maximum number of shares that may be repurchased during the closed period share repurchase programme will be 10 000 000 shares. The agreement has been entered into with a single agent who has full discretion in executing the Repurchase Programme. Any purchases will be affected within certain pre-set parameters within the limits of the JSE Listing Requirements.
31-Jan-2014
(Official Notice)
Shareholders are hereby notified that that Mr. Graham Ferns has resigned as Financial Director of Insimbi with effect from 1 February 2014 to pursue opportunities in the private sector.Mr. Frederick Botha (CA(SA)), Commercial Director for the past 11 years and to whom the Financial Director reported during his tenure, will with effect from 1 March 2014 also assume the day to day responsibilities of the Financial Director of Insimbi. Mr. Botha is well versed in the role as he has acted in this capacity on previous occasions, and has remained integrally involved in the financial and reporting requirements of the group while still acting in his current capacity. He will therefore continue to act in both roles as the synergies are significant.

08-Nov-2013
(C)
30-Oct-2013
(Official Notice)
Insimbi expects to release its full interim results by no later than 8th November 2013. The group expects to report a net profit before tax from continuing operations of R15.797 million versus R15.698 million for the corresponding period last year. Net profit after tax is expected to be R11.740 million versus R11.484 million for the corresponding period last year. Insimbi expects EPS from continuing operations to be 4.71 cps compared to 4.52 cps and HEPS to be 4.48 cps compared to 4.72 cps, for the corresponding period last year.



The improvement in EPS from continuing operations can be attributed to

* improved trading conditions locally and globally, in all of their target marketing segments, assisted by the weaker currency;

* better margins across the board;

* optimisation of the production volume and cost recoveries at both secondary aluminium smelters in Cape Town and Johannesburg. Insimbi is especially pleased with the performance of the Johannesburg plant since recommissioning in June this year;

* strong cash flows and strict control on costs; and

* closure of loss making operations.
30-Aug-2013
(Official Notice)
Shareholders are hereby advised that Insimbi has, via its subsidiary company, an existing mandate to repurchase its ordinary shares during its closed period. This period commences on 1 September 2013 and terminates on or about 30 November 2013 when the Company is scheduled to publish its interim results. The maximum number of shares that may be repurchased during the closed period share repurchase programme will be 10 000 000 shares. The agreement has been entered into with a single agent who has full discretion in executing the Repurchase Programme. Any purchases will be affected within certain pre-set parameters within the limits of the JSE Listing Requirements.
23-Aug-2013
(Official Notice)
Shareholders are notified that at the Company's annual general meeting held on 23 August 2013, all of the special resolutions and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course.
31-May-2013
(C)
17-May-2013
(Official Notice)
Shareholders were referred to the trading statement released on SENS dated 30 April 2013. Shareholders are advised that the headline earnings per share ("HEPS") for the year ended 28 February 2013 expected to be 3.15 cents per share which is 47% lower than the previous year and earnings per share ("EPS") is expected to be 3.13 cents per share which is 48% lower than the previous year.



Headline earnings per share ("HEPS") were previously reported including the impact of the revaluation of land and buildings. In terms of circular 3/2009 issued by The South African Institute of Chartered Accountants, the interpretation of IAS 16 Property Plant and Equipment states that gains on revaluation of Property Plant and Equipment will not be included in HEPS.



The group is in the final stages of finalising its audited results for the year ended 28 February 2013 which are expected to be published on SENS on or before 31 May 2013.
30-Apr-2013
(Official Notice)
Shareholders are advised that the headline earnings per share ("HEPS") for the year ended 28 February 2013 is expected to be between 80% and 100% higher as a result of revaluation of land and buildings and earnings per share ("EPS") is expected to be between 40% and 60% lower than the previous year. The group is in the final stages of finalising its audited results for the year ended 28 February 2013 which are expected to be published on SENS on or before 31 May 2013.
02-Apr-2013
(Official Notice)
Shareholders of the Company are notified that Mr Frederick Botha has resigned as Financial Director of Insimbi, effective from 1 April 2013. Shareholders attention is drawn to the SENS announcement dated 28 February 2012 which confirmed the appointment of Mr Botha as Group Financial Director in a caretaking capacity pending the appointment of a suitable candidate for the position. He will however remain in his role as Commercial Director of Insimbi. The Board of Insimbi announced that Mr Graham Ferns has been appointed as the Financial Director of Insimbi with effect from 1 April 2013.
28-Feb-2013
(Official Notice)
Shareholders are hereby advised that Insimbi has, via its subsidiary company, an existing mandate to repurchase its ordinary shares during its closed period. This period commences on 1 March 2013 and terminates on or about 31 May 2013 when the Company is scheduled to publish its year end results. The maximum number of shares that may be repurchased during the closed period share repurchase programme will be 5 000 000 shares.The agreement has been entered into with a single agent who has full discretion in executing the Repurchase Programme. Any purchases will be affected within certain pre-set parameters within the limits of the JSE Listing Requirements.
08-Oct-2012
(Official Notice)
Mr Leslie Tessendorf will be retiring at the end of 2012 and in compliance with section 3.59 of the JSE Listing Requirements, shareholders of the company are notified that he has tendered his resignation as an alternate director of Insimbi, effective from 8 October 2012.
05-Oct-2012
(C)
Revenue for the interim period increased to R491.1 million (2011: R453.6 million). Gross profit rose to R52.1 million (2011: R48 million), operating profit climbed to R19.7 million (2011: R17.5 million), while total comprehensive income attributable to owners of the parent grew to R12 million (2011: R10.7 million). Furthermore, headline earnings per share was higher at 4.72cps (2011: 4.16cps).



Dividends

An interim gross dividend of 2cps was declared on 1 October 2012.



Prospects

Despite the continued uncertainty in the global economy and the labour instability locally, Insimbi continues to grow their revenues and profits by an innovative and diverse offering of products and services. Insimbi anticipate the second half of the year will prove to be more challenging than the first half mainly due to the strike actions in September and the traditional industrial shutdowns in December and January, however, at this stage, the company has had no indications of extended shutdowns as has happened in previous years.



Insimbi remain confident that their secondary aluminium smelter in Johannesburg will be in production imminently and that their investment into their new nano milling (or micronisation) technology will start to generate sustainable revenue and profit streams in the second half of the year, both later than they had originally anticipated but with these types of investments, there are always unexpected hurdles that delay the start of operations and theirs proved to be no different. However, Insimbi believes that they have now perfected the requirements for both these operations and expect production to commence within the next month at both. This is expected to generate new business in the remainder of the financial year to offset any potential negative impacts of the strike actions and holidays. Insimbi's confidence in their traditional African and other emerging target markets, remains strong and dependence on the North American and sovereign European markets continues to diminish.



The board remains cautiously optimistic about the outlook for the rest of the year and they are actively seeking suitable strategic acquisitive targets to ensure that Insimbi can achieve growth beyond organic growth.
18-Sep-2012
(Official Notice)
The board of Insimbi announced that the group's results for the interim period ended 31 August 2012, being earnings and headline earnings per share, are expected to be approximately 4.7 cents per share, an increase of approximately 13% when compared to the earnings and headline earnings per share for the prior comparative period ended 31 August 2011.



The group's results for the interim period ended 31 August 2012 are expected to be published on or about 5 October 2012.
30-Aug-2012
(Official Notice)
Shareholders were advised that Insimbi has, via its subsidiary company, granted in terms of a new mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2012 and terminates on or about 30 November 2012 when the company is scheduled to publish its interim results. The maximum number of shares that may be repurchased during the closed period share repurchase programme will be 5 000 000 shares. The agreement has been entered into with a single agent who has full discretion in executing the Repurchase Programme. Any purchases will be affected within certain pre-set parameters within the limits of the JSE Listing Requirements.
24-Aug-2012
(Official Notice)
Shareholders were notified that at the company's annual general meeting held on 24 August 2012, all of the special resolutions and ordinary resolutions proposed were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course.
19-Jul-2012
(Official Notice)
Shareholders attention is drawn to the release of the updated, revised and interactive website which is now live. The website can be viewed on www.insimbi-alloys.co.za.
31-May-2012
(C)
Revenue for the year grew 15% from R735 million to R845 million. Gross profit increased from R89 million to R93 million and operating profit rose by 19% to R29 million (2011: R24.6 million). Attributable earnings were up 30% to R15.6 million (2011: R12 million). Additionally, headline earnings per share rose by 54% from 3.9cps to 6cps.



Dividend

A final gross dividend of 1cps was declared on 31 May 2012.



Market and prospects

The group generated strong cash-flow throughout the period under review mainly due to tight working capital management, improved revenues and profitability. The Foundry Segment has experienced improved trading conditions mainly, partly due to the stimulus to local manufacturing as a result of the weaker rand which enabled local product to compete with imported finished product, mainly from China. The Steel Segment did initially show signs of improvement in the first quarter but the NUMSA strike and production challenges at some steel plants had a negative impact on this segment. The Refractory Segment continues to experience challenging trading conditions but in their experience, this segment's trading cycle tends to lag behind the other two segments by about six to nine months and so they are confident that there will be improvement in this segment in the current financial year. Economic conditions in South Africa have improved and although the GDP growth rate is lower than expected, the group remains optimistic on the recent momentum of business. As for acquisitive growth opportunities, the company continues to look for and carefully evaluate strategic targets and while they have not achieved the number of acquisitions they had hoped for, post listing, the few that they have achieved, have added value to the group's results and they remain committed to this acquisition strategy.



Notice of Annual General Meeting

The annual general meeting of Insimbi will be held at 359 Crocker Road, Wadeville Ext 4, Germiston on Friday 24 August 2012 at 10:00.
11-May-2012
(Official Notice)
Shareholders are referred to the original trading statement dated 19 January 2012 in which they were advised that financial results were expected to be at least 20% higher than the previous period ended 28 February 2011. Shareholders are now further advised that the headline earnings per share ("HEPS") for the year ended 29 February 2012 is expected to be a profit of approximately 6.0 cents per share (2011: profit of 3.9 cents per share), an increase of approximately 54% on previous year HEPS and that earnings per share ("EPS") is expected to be a profit in the current year of approximately 6.0 cents per share (2011: profit of 4.63 cents per share), an increase of approximately 30% on previous year EPS. The group is in the final stages of finalising its audited results for the year ended 29 February 2012 which are expected to be published on SENS on or before 31 May 2012.
29-Feb-2012
(Official Notice)
Shareholders were notified that that Mr. Jose Vieira-Pereira has resigned as financial director of Insimbi with effect from 29 February 2012. Mr. Frederick Botha (CA(SA)), commercial director for the past nine years and to whom the financial director reported during his tenure, will with effect from 1 March 2012 also assume the day to day responsibilities of the financial director of Insimbi.
29-Feb-2012
(Official Notice)
Shareholders were advised that Insimbi has, via its subsidiary company, granted in terms of a new mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 March 2012 and terminates on or about 31 May 2012 when the company is scheduled to publish its year end results. The maximum number of shares that may be repurchased during the closed period share repurchase programme will be 5 000 000 shares. The agreement has been entered into with a single agent who has full discretion in executing the Repurchase Programme.
06-Oct-2011
(C)
Revenue for the interim period ended 31 August 2011 increased to R453.6 million (2010: R412 million). Gross profit decreased to R48 million (2010: R51.1 million), operating profit fell to R17.5 million (2010: R21.8 million), while total comprehensive income attributable to equity holders of the parent was slightly lower at R10.7 million (2010: R12 million). Furthermore, headline earnings per share grew to 4.16cps (2010: 3.46cps).



Dividends

Insimbi declared an interim dividend for the six months ended 31 August 2011 of 2cps.



Prospects

Despite the current uncertainty in Europe and the USA, Insimbi has experienced definite signs of what they believe to be, sustainable improvements in their traditional target markets, most of which are considered to be "emerging". It is unclear at this stage what effects the unfolding events in Europe and USA will have on the local, regional and other emerging market economies but the group remains confident that Insimbi is well prepared to deal with them. The group has a diverse range of product offerings that have proven to be resilient throughout the global crisis. The fact that Insimbi has remained profitable throughout this crisis period, is proof of this. The group are also optimistic and confident that the consistent and improved revenues experienced during the first six months of the financial year, are sustainable. Insimbi's experience during the comparative period last year, was of massive volatility with monthly revenues varying greatly from one month to the next. This consistency combined with the recent weakening of the rand against major currencies, is positive for Insimbi. The company continues to prudently evaluate strategic acquisitions and remain focused on expanding their "basket" of products to strengthen their position as a market leader in the ferro-alloy and refractory market.
04-Oct-2011
(Official Notice)
The board announce that an interim dividend of 2 cents per share for the six months ended 31 August 2011 (2010: 2 cents per share) has been declared. This decision has been made after exercising careful consideration and assessment of all factors that the board considers relevant to the declaration of this dividend, including the current macro-economic and business outlook.



*Shareholders are advised that the last day to trade cum the distribution will be Friday, 21 October 2011.

*The shares commence trade ex the distribution as from Monday, 24 October 2011 and the record date will be Friday, 28 October 2011.

*The payment date is Monday, 31 October 2011.

*Share certificates may not be dematerialised or rematerialised between Monday, 24 October 2011 and Friday, 28 October 2011, both days inclusive.

12-Sep-2011
(Official Notice)
A review of the financial results by management has indicated that for the for the six months ending 31 August 2011, headline earnings per share ("HEPS") are expected to be between 20% and 25% higher compared to the same reporting period in the previous year. Earnings per share ("EPS") are expected to be between 5% and 10% lower when compared to the adjusted results for the same reporting period in the previous year. Details of the adjustments can be found in the chief executive officer's review on page seven of the annual report for the year ended 28 February 2011. The results for the six months ending 31 August 2011 are expected to be published on or around 7 October 2011.
01-Sep-2011
(Official Notice)
Shareholders were advised that Bridge Capital Advisors (Pty) Ltd has been appointed as designated adviser to Insimbi, effective 1 September 2011. The change in DA was effected as a result of a board decision to rotate the DA on a periodic basis.
26-Aug-2011
(Official Notice)
Shareholders are advised that at the annual general meeting of Insimbi held on 26 August 2011, all ordinary and special resolutions as specified in the notice of the meeting were passed by 100% of the shareholders. The special resolution will be sent to Companies and Intellectual Property Commission ("CIPC") for filing in due course.
26-Jul-2011
(Official Notice)
Further to Insimbi's reviewed results for the year ended 28 February 2011 published on 30 May 2011, shareholders are advised that the annual report was posted today. The annual report contains no modifications to the aforementioned published audited preliminary financial information.



The annual general meeting of the members of Insimbi will be held at 11:30 on Friday, 26 August 2011 at the company's registered office, Stand 359 Crocker Road, Wadeville ext.4, Germiston, to transact the business as stated in the notice of the annual general meeting forming part of the annual report.

30-May-2011
(C)
Revenue grew to R732.5 million (R611.6 million) and gross profit jumped to R89.8 million (R76.8 million). However, operating profit fell to R24.6 million (R26.8 million), while profit for the year attributable to ordinary shareholders of the company improved to R12 million (R10.7 million).



Dividends

No dividend has been declared.



Prospects

Market conditions remain volatile and difficult to predict. The strong rand is hampering the ability to achieve organic growth and any weakening of the currency against the USD and Euro, has a positive impact on revenues and margins. The impact of the tragic tsunami in Japan in March 2011 has resulted in a shortage of certain components to the South African original equipment manufacturers (OEM) industry and this has had a knock on effect on the demand for certain of the company's alloys, especially aluminium. The group expects this to reverse within this year as Japan rehabilitates itself and the group is well positioned with its aluminium plants in Cape Town and Johannesburg, to capitalize on this when it happens. The group is seeing evidence of growth in most of its target industries and even growth in its export opportunities, notwithstanding the challenge of the currency strength. The group is still a little "reserved" in its expectations after the humbling experiences of the previous two or three years. The company is optimistic that the year ending February 2012 will be a better one for the local and regional economies and therefore, a better year for the group as well. As a group, the company will continue to evaluate strategic acquisitions, such as Metlite, in various industries which will bring synergies and added value to the group. However, the focus remains on the company's core business segments and the addition of new products to compliment its existing product lines, cost cutting and control, working capital discipline and the motivation and upliftment of employees.
26-May-2011
(Official Notice)
Shareholders are referred to the trading statement published on SENS on 24 May 2011, and are advised that the company has obtained more certainty regarding their financial results for the year ending 28 February 2011. Accordingly, the attributable earnings per share ("EPS") is now expected to be between 8% and 20% higher when compared to the same reporting period in the previous year and headline earnings per share ("HEPS") between 2% and 10% lower when compared to the same reporting period in the previous year, and not 21% and 26% higher and 4% and 6% higher respectively as indicated previously. The results for the year ending 28 February 2011 are expected to be released on or about 30 May 2011.

24-May-2011
(Official Notice)
A review of the financial results by management has indicated that for the for the year ending 28 February 2011, attributable earnings per share ("EPS") are expected to be between 21% and 26% and headline earnings per share ("HEPS")between 4% and 6% higher when compared to the same reporting period in the previous year. The results for the year ending 28 February 2011 are expected to be released on or around 30 May 2011.
17-May-2011
(Official Notice)
Mr Danny O'Conner, the non-executive independent chairman, of Insimbi, has been appointed as a member of the audit committee, with immediate effect.
03-May-2011
(Official Notice)
The board of directors of Insimbi announced the appointment of Jose Vieira-Pereira as executive financial director, effective 3 May 2011. Fred Botha has been acting financial director since 27th December 2010 and will now continue in his role as commercial director.
25-Feb-2011
(Official Notice)
Shareholders are referred to the cautionary announcements dated 13 December 2010 and 25 January 2011, and are advised that as negotiations have been terminated, caution is no longer required to be exercised by shareholders when dealing in Insimbi's securities.
27-Jan-2011
(Official Notice)
Further to the cautionary announcement dated 13 December 2010, shareholders are advised that negotiations referred therein, which if successfully concluded may have a material effect on the price of the company's securities are on going. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.
28 Dec 2010 11:42:12
(Official Notice)
The company advised that Mrs Fathima Abdul Gany has resigned for personal reasons as financial director to Insimbi with effect from 31 January 2011. A new financial director will be appointed in due course. In the interim, Fred Botha, to whom the financial function reports into and who has been the group's commercial director for the past 8 years, will act as financial director.
13 Dec 2010 13:02:25
(Official Notice)
Shareholders are advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
08 Oct 2010 14:01:53
(Official Notice)
The aluminium plant in Dunswart, Benoni Industrial has continued to face various operational challenges throughout the current financial year and as a result has continued to make losses. Accordingly the board of Insimbi has taken a decision to close the plant until further notice to avoid any further negative impact on the group. The core business of Insimbi has made a strong recovery since the beginning of the current financial year, as evidenced in our Interim 2010 results released today and the consolidated results to date, notwithstanding the negative impact of the Dunswart aluminium plant, are promising.
08 Oct 2010 13:27:03
(C)
Revenue for the six months to 31 August 2010 improved to R412.0 million (R305.2 million), gross profit also increased to R51.1 million (R38.0 million). Operating profit jumped to R28.8 million (R15.7 million), while profit attributable to ordinary equity holders more than doubled to R17.1 million (R6.8 million). Furthermore, headline earnings on a per share basis grew to 3.43cps (2.62cps).



Dividends

Insimbi has declared an interim dividend (dividend declaration 4) for the six months ended 31 August 2010 of 2 cents per ordinary share.



Prospects

Although market conditions have improved in the first half of 2010, indications are that the next six months will continue to be volatile and challenging in certain market sectors. The strong rand is having a negative effect on certain industries and we have seen some reduction in demand for certain commodities, as a result. Notwithstanding this, Insimbi remains focused on expanding it's "basket" of products and remaining as the market leader in the ferro-alloys, refractories and mechanical maintenance arenas. Cost and working capital management, remain a priority as well. The group will continue to evaluate strategic acquisitions in various industries like the recent Metlite and Metalloy Fibres acquisitions which will bring synergies and added value to the group.
27 Aug 2010 12:36:16
(Official Notice)
Accordingly, a review of the financial results by management has indicated that for the six months ending 31 August 2010, earnings per share ("EPS") are expected to be between 145% and 165% and headline earnings per share ("HEPS")between 25% and 45% higher than reported for the corresponding six month period, These increases are as result of:

*a general improvement in the market for our range of products

*a general increase in the prices of commodities compared to the same period last year

*the negative goodwill associated with the acquisition of Metlite as disclosed in the SENS dated 25th August 2010

*the positive contribution in earnings and headline earnings resulting from the acquisition of Metlite effective 13th July 2010 as per SENS dated 25th August 2010



The financial information on which this trading statement is based has not been reviewed or reported on by the group's auditors. The interim results for the period ended 31 August 2010 will be published by no later than 8th October 2010.

25 Aug 2010 14:50:21
(Official Notice)
21 Jul 2010 11:12:16
(Official Notice)
Further to the cautionary announcement dated 28 April 2010, shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
09 Jul 2010 12:50:48
(Official Notice)
Shareholders are advised that at the AGM of Insimbi held today, 9 July 2010, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders. The special resolution will be sent to CIPRO for registration in due course.

08 Jun 2010 13:33:19
(Official Notice)
Further to the cautionary announcement dated 28 April 2010, shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
02 Jun 2010 12:14:47
(Official Notice)
Kristell Holtzhausen will be appointed as company secretary to Insimbi, effective from 7 June 2010.
28 May 2010 14:33:33
(Official Notice)
Notice is hereby given that the annual general meeting of Insimbi Refractory and Alloy Supplies Limited will be held at 359 Crocker Road, Wadeville Ext 4, Germiston on Friday 9 July 2010 at 12:00, to transact the business as stated in the notice of annual general meeting included in the Annual Report which has been posted to shareholders today.
28 May 2010 09:32:08
(C)
Revenue decreased to R611 million (R969 million) for the twelve months to 28 February 2010. Operating profit declined to R26.8 million (R83.6 million) and net attributable profit due to equity shareholders fell to R10.7 million (R51.7 million). In addition, headline earnings per share decreased to 4.13cps (20.06cps).



Dividend

No final dividend has been declared for the period under review.



Prospects

The recovery in the markets that Insimbi anticipated in the final financial quarter of the year ended 28 February 2010, did not materialise. However, there have been very clear and promising signs that this recovery is now underway and in particular, we have seen the reports and forecasts by the larger South African steel producers and automotive manufacturers recently, which lend support to this. Certainly commodity prices in many cases, have doubled when compared to the beginning of our financial period just ended and the group are cautiously optimistic that a sustainable recovery is underway in almost all target markets. Exports have also started picking up. The diversification of the company's product and service offering continues to add to revenues and profitability and this diversity have also provided Insimbi with some resilience during the difficult year passed.
19 May 2010 10:13:29
(Official Notice)
A review of the financial results by management has indicated that for the year ending 28 February 2010, earnings per share (EPS) and headline earnings per share (HEPS) for the group are expected to be 4.12 and 4.13 cents respectively compared to 19.87 and 20.06 cents for the same reporting period last year. The financial information on which this trading statement is based has not been reviewed or reported on by the group's auditors. The results for the year ending 28 February 2010 remain on track to be published on or around 28 May 2010.
28 Apr 2010 09:43:51
(Official Notice)
Shareholders are advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
01 Apr 2010 17:04:18
(Official Notice)
A review of the financial results by management has indicated that for the year ending 28 February 2010, earnings per share (EPS) and headline earnings per share (HEPS) for the group are expected to be approximately 80% lower compared to the same reporting period in the previous year. This is in line with the interim trading update. The recovery that was anticipated did not materialise in the second half of the financial year but was delayed and we are now experiencing this recovery in the first quarter of the new financial year. A further announcement in this regard will be made once the company has determined its precise range for the period ended 28 February 2010.
24 Mar 2010 09:15:46
(Official Notice)
Insimbi advises that Mr. Rene de Villiers has resigned as company secretary to the company with effect from 22 April 2010. A new company secretary will be appointed in due course.
20 Oct 2009 15:39:47
(Official Notice)
Shareholders are advised that Computershare Investor Services (Pty) Ltd, the transfer secretaries inadvertently posted the 2008 interim results to shareholders on 13 October 2009. The unaudited interim results for 30 August 2009 will be posted by no later than 21 October 2009. Please refer to our SENS announcement on 9 October 2009 for the correct unaudited interim results for 30 August 2009. Apologies for any inconvenience caused.
09 Oct 2009 09:06:30
(Official Notice)
Revenue decreased from R584.1 million to R305.2 million in 2009. Gross profit decreased to R38.0 million (2008:R85.1 million) and operating profit decreased to R15.7 million (2008:R58.8 million). Profit attributable to ordinary shareholders decreased to R6.8 million (R39.1 million). Headline earnings on a per share basis decreased to 2.62cps (15.05cps).



Dividends per share

A interim dividend of 2cps was declared for the period under review,



Prospects

The tough trading conditions are expected to persist into the second half of the financial year with demand and prices remaining subdued although we do believe that there are definite signs of a sustainable and gradual recovery in our markets across the board. Notwithstanding these tough conditions, Insimbi remains focused on costs and working capital management and maintain a comfortable level of debt.



As a group, we will continue to evaluate strategic acquisitions in various industries which will bring synergies and added value to the group. With the government infrastructure programme expected to last well beyond 2010 and Insimbi's expanding export potential, ongoing organic growth and new product development, the company is well positioned to benefit from an eventual upswing in the economy.
18 Sep 2009 16:02:25
(Official Notice)
Accordingly, a review of the financial results by management has indicated that for the six months ending 31 August 2009, earnings per share (EPS) and headline earnings per share (HEPS) for the group are expected to be 2.61 and 2.62 cents compared to 15.06 and 15.05 cents for the same reporting period last year. The drop in earnings is a direct result of the down turn in the global economy which has had a major impact on the steel, non-ferrous and foundry industries and due to an impact of secondary tax on companies ("STC") charges. Unlike many of its peers exposed to the same industries, Insimbi has managed to remain profitable in tough market conditions. Management at Insimbi expects to see a more robust second half for the above mentioned industries, especially steel, as signs of a sustainable upturn are beginning to show. The results for the six months ending August 2009 are expected to be published on or around 9 October 2009.
07 Aug 2009 13:16:05
(Official Notice)
Shareholders are advised that at the annual general meeting of Insimbi held on Friday, 7 August 2009, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders. The special resolution will be sent to CIPRO for registration in due course.
16 Jul 2009 09:52:01
(Official Notice)
The audited results for the year ended 29 February 2009 have been restated from the reviewed results previously published, on 26 May 2009, due to reallocations within certain balance sheet categories. The attributable earnings for the period have not changed from the results previously published.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of Insimbi Refractory and Alloy Supplies Ltd will be held at 359 Crocker Road, Wadeville Ext 4, Germiston on Friday 7 August 2009 at 12:00, to transact the business as stated in the notice of annual general meeting included in the Annual Report which has been posted to shareholders today.
04 Jun 2009 13:34:12
(Official Notice)
Shareholders are referred to Insimbi's provisional results for the year ended 28 February 2009, published on 27 May 2009. The proposed dividend paragraph incorrectly stated that the proposed dividend is subject to approval by the shareholders at the upcoming AGM. In terms of the articles of Insimbi, the dividend declaration is in fact, subject to the approval by the board of directors or the shareholders at the AGM.



Accordingly, the board of directors has approved the payment of a final dividend in respect of the year ended 28 February 2009, dividend no two of 5cps. The salient dates applicable to the final dividend are as follows:

*Last day to trade "cum" dividend -- Thursday, 11 June 2009

*First day to trade "ex" dividend -- Friday, 12 June 2009

*Record date -- Friday, 19 June 2009

*Payment date -- Monday, 22 June 2009
27 May 2009 13:23:27
(C)
Revenue increased to R969 million (R897.4 million) for the twelve months to 28 February 2009. Operating profit rose to R86.9 million (R53.5 million) and net attributable profit due to equity shareholders improved to R53.7 million (R26.6 million). In addition, headline earnings on a per share basis more than doubled to 20.94cps (8.61cps).



Dividend

A final ordinary dividend of 5cps has been proposed. The dividend is subject to shareholder approval at the annual general meeting.



Prospects

Insimbi's diversified business model, the potential of a political solution in Zimbabwe, and opportunities that have arisen out of the current economic situation, gives management confidence that the company will continue to prosper in the coming financial year. Management is focused on ensuring that volumes and margins are maintained whilst keeping cost escalation to a minimum. There are signs of a slow recovery in the market and related commodity prices although it continues to be very volatile. Management remains positive about the South African economy, as well as regional markets and opportunities, and is confident that the government's continuous infrastructure spend will allow Insimbi to position itself as an even bigger participant in the future.
05 Feb 2009 11:22:27
(Official Notice)
Insimbi announced the sale of 15 million shares to Mayibuye Capital (Pty) Ltd a 100% black owned company. The sale will be facilitated through Insimbi's five largest shareholders selling a total of 15 million shares to Mayibuye at 80 cents per share. This will result in 6.62% of the total issued share capital of Insimbi being held by Mayibuye, taking into account Mayibuye's existing 0.86% shareholding in the company, acquired at Insimbi's listing in March 2008. The directors further displayed their positive outlook on the relationship with Mayibuye by financing 33% of the transaction. The sale will be financed by the directors over two years with payments in 3 tranches i.e. 67% of the amount being paid on the transaction's effective date and 16.5% of the amount being paid on the first and second anniversaries of the effective date. The finance provided by the vendors will be interest free.
12 Dec 2008 10:40:25
(Official Notice)
Insimbi has appointed Dr Gil Mahlati to the board.
01 Dec 2008 08:49:40
(Official Notice)
Insimbi announced the appointment of Fathima Gany as financial director, effective 1 December 2008.
29 Sep 2008 09:34:29
(C)
Revenue increased on the comparative interim period by 16.64% to R584.1 million. Gross margins have almost doubled when compared to the comparative 2007 interim period. A consolidated margin of 14.58% was achieved vs 7.63% for the same period last year. This is an increase in gross profit of R46.9 million (122.8%) to R85.1 million for the first half of the financial year. Insimbi has achieved earnings and headline earnings per share of 15.06c and 15.05c per share respectively.



Dividends

Insimbi declared a maiden interim dividend of 4cps for the six months ended August 2008.



Prospects

Prospects for Insimbi remain excellent and recently economists have predicted that the infrastructure "boom" will continue for at least 25 years with others predicting that the infrastructure sector will actually accelerate. Despite some softening of commodity prices generally, the prices of many ferrous and non ferrous alloys are still trading near their highs of earlier this year and the opinion of many of the large resource producers is that these prices are sustainable for the foreseeable future particularly with the growth in many of the emerging market countries eg China and India. The aluminum plant is looking very positive despite some unexpected delays in the commissioning thereof. With its capacity increased to 1 300 tons of output per month, management is confident that this plant will perform beyond initial expectations and forecasts. Insimbi continues to evaluate strategic acquisitions in various associated industries which will bring synergies and added value to the group and the board is confident that suitable target(s) will be identified in due course.
23 Sep 2008 14:12:05
(Official Notice)
Shareholders are advised that at the annual general meeting held on 23 September 2008, all ordinary and special resolutions, as specified in the notice of the meeting, were passed by the requisite majority of shareholders. The special resolution will be sent to CIPRO for registration in due course.
11 Sep 2008 11:48:43
(Official Notice)
Insimbi announced the resignation of Mr Roy Makkink as executive director and company secretary on the Insimbi board, effective immediately. The Insimbi board has also approved the appointment of Mr Rene de Villiers as company secretary, effective immediately.
29 Aug 2008 11:07:17
(Official Notice)
The audited results for the year ended 29 February 2008 have been restated from the reviewed results previously published, on 26 May 2008, due to reallocations within certain balance sheet categories. However, the attributable earnings for the period have not changed from the results previously published.



Notice of annual general meeting

The annual general meeting of Insimbi will be held at 359 Crocker Road, Wadeville Ext 4, Germiston on Tuesday, 23 September 2008 at 12:00, to transact the business as stated in the notice of annual general meeting included in the annual report which has been posted to shareholders.
16 Jul 2008 13:56:54
(Official Notice)
Accordingly, a review of the financial results by management has indicated that for the six months ending 31 August 2008, earnings per share are expected to be between 140% and 160% and headline earnings per share between 521% and 541% higher than reported for the corresponding six month period, being the pro forma for the six months ended 31 August 2007, in Insimbi's pre-listing statement. The results for the six months ending 31 August 2008 are expected to be published by no later than 30 September 2008.
26 May 2008 13:09:42
(C)
Insimbi's maiden results as a listed company showed revenue of R897.4 million for the year to 29 February 2008. Operating profit amounted to R53.5 million. Net profit attributable to ordinary shareholders was R26.6 million and headline earnings on a per share basis came in at 8.61cps.



Dividend

No dividend has been declared.



Prospects

It is anticipated that production will commence at the recently acquired secondary aluminium smelter by the end of May 2008. The capacity of the plant was increased from an expected 900 tons to approximately 1 300 tons of finished aluminium alloy per month, due to the reconfiguration and streamlining of the plant.



The environment in which Insimbi operates remains extremely favourable and the continued focus in South Africa on the improvement and rehabilitation of local infrastructure, the demand driven escalation in commodity prices and weaker currency, should lead to increased organic growth in volumes, revenues and margins for Insimbi in the new financial year.



Subsequent to the year end, trading conditions have continued to improve and so further improvement is anticipated for the 2009 financial results. Insimbi is committed to using its new capital raising platform to identify strategic acquisitions and stakes in producers of ferrous and non-ferrous alloys which are key to the operations. With a view to securing its long-term supply "pipe-line" Insimbi has embarked upon an aggressive strategy to identify suitable investment opportunities.
15 May 2008 16:26:28
(Official Notice)
Shareholders are advised that the results for the year ended 29 February 2008, are expected to be published on or before Monday, 26 May 2008.
03 Apr 2008 14:43:22
(Official Notice)
ISB has appointed PricewaterhouseCoopers Corporate Finance (Pty) Ltd as its designated advisor with immediate effect. Insimbi has decided to terminate it's relationship with BDO QuestCo (Proprietary) Ltd based on the strategic outlook of the company going forward.
17 Mar 2008 09:31:46
(Media Comment)
Business Day noted that Insimbi declined 2.5% to 78c as shares in the company began trading on Friday, 14 March 2008. Insimbi raised R48 million in a private share sale before it listed.
08-Dec-2017
(X)
Insimbi Refractory and Alloy Supplies Limited is a group of companies purposefully brought together to provide resource-based supplies to a wide range of industrial consumers. The Group offers ferrous and non-ferrous alloys; refractory and foundry materials; plastic blow moulding, injection moulding and roto-moulding production; and alloy recycling processes to national, regional and international markets.


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