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

28-Sep-2018
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2018, has been distributed to shareholders today and is available on the company?s website, www.italtile.com. The integrated annual report contains no modifications to the preliminary reviewed condensed Group results for the year ended 30 June 2018 published on SENS on 21 August 2018.



Notice is hereby given that the 29th annual general meeting of shareholders of Italtile will be held at 08:00 on Friday, 16 November 2018 at the registered office of Italtile, The Italtile Building, Corner William Nicol Drive and Peter Place, Bryanston, 2021 to consider and, if deemed fit, to pass with or without modification, the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 9 November 2018. Accordingly, the last day to trade Italtile shares in order to be recorded in the securities register of the company in order to be entitled to vote will be Tuesday, 6 November 2018.
21-Aug-2018
(C)
21-Aug-2018
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of Directors of Italtile ("the Board") hereby notifies its shareholders that the following change has been made to the composition of the Board.



The Nominations Committee (?the Committee?) has commenced the process of identifying suitable potential candidates to fill the position of non-executive Chairman upon the retirement of our current Chairman, Mr G.A.M Ravazzotti, in time. The Committee?s mandate is to identify candidates who have the appropriate expertise and experience to meet the requirements of this business, and who satisfy the criteria of key stakeholders, including our shareholders.



In this regard, Ms Luciana Ravazzotti Langenhoven has been appointed to the Board as deputy Chairman with effect from 21 August 2018.



Furthermore, over the course of the next year, the Committee will identify and appoint an additional independent non-executive Board member with relevant business experience, strong leadership qualities and a proven track record. Shareholders will be advised once such an appointment has been made.

08-Aug-2018
(Official Notice)
15-May-2018
(Official Notice)
The Board of Directors of Italtile ("the Board") notified its shareholders that the following changes have been made to the composition of the Board.

* With effect from 11 May 2018, Ms Tsundzukani Mhlanga (35), currently Financial Director of certain of the Group?s subsidiary companies, has been appointed to the Board. Ms Mhlanga?s title will be Executive Director: Group Finance and Administration. She will replace incumbent, Mr Brandon Wood (Chief Financial Officer), who has been appointed Executive Director: Commercial and Supply Chain. To ensure a smooth transition, Mr Wood will provide assistance and oversight of the finance function until the conclusion of the Group?s year-end programme at the end of August 2018.

* With effect from 11 May 2018, Ms Nkateko Khoza (41), BCom, MBA, has been appointed as an independent non-executive director to the Board. Ms Khoza is the CEO of Dzana Investments, a venture founded by her father, Dr Reuel Khoza. Dzana Investments is a holding company with interests in mining, property, energy, education, health and the ICT sector.
08-Mar-2018
(Official Notice)
07-Feb-2018
(C)
Turnover for the interim period increased by 36% to R2.831 billion (2016: R2.081 billion), gross profit jumped 36% to R1.066 billion (2016: R783 million), trading profit rose by 20% to R716 million (2016: R594 million), while profit attributable to equity shareholders was higher at R507 million (2016: R477 million). Furthermore, headline earnings per share grew by 5% to 48.6 cents per share (2016: 46.4 cents per share).



Cash dividend

The Group has maintained its dividend cover of three times. The Board has declared an interim gross dividend of 17 cents per share (2016: 16 cents), an increase of 6%.



Group prospects

Despite the improved outlook for South Africa and a gain in consumer confidence stemming from recent political events, the macro-economic environment will remain challenging in the short term.



However, management anticipates that the second half of the year will be stronger than the second half of the prior year, with growth exceeding that of the current Period under review. This stance is based on the expectation that further growth momentum will be derived from the initiatives implemented and action taken in the period, as outlined in this announcement.



The Group plans to open at least another 10 stores in the next six months, which will bring the total number of stores opened during the full year to 22, exceeding the 20 stores previously committed to.



The Group is currently awaiting regulatory approval for its acquisition of the CTM Tanzania business. Once approval of the transaction is granted, this operation will provide a solid addition to the base for growth prospects in the region.



The Group's manufacturing businesses, Ceramic and Ezee Tile, both have strong order books for the forthcoming period, and operational enhancements in both businesses should produce improved sales, profitability and margins. Management's longer-term goals for these acquired businesses include reviewing all opportunities to leverage strategic synergies in the merged business and optimising utilisation of the combined balance sheet.
31-Jan-2018
(Official Notice)
26-Jan-2018
(Official Notice)
The board of directors of the Group ("the Board") hereby notifies its shareholders that Mr Siyabonga Gama has tendered his resignation as an independent non-executive director, with effect from 29 January 2018, given time constraints in light of his other professional commitments.
27-Nov-2017
(Official Notice)
Shareholders are referred to the announcements released on SENS on 23 October 2017 and 2 November 2017 and the circular dated 6 November 2017 (and using the terms defined therein unless otherwise stated) wherein shareholders were advised that Italtile intended to raise up to R1.59 billion from its Shareholders by way of a partially underwritten renounceable Rights Offer, in terms of which Italtile offered a total of 260 539 178 new Shares at a subscription price of R11.57 per Rights Offer Share in the ratio of 22 Rights Offer Shares for every 100 Shares held in Italtile at the close of business on the Record Date for the Rights Offer, being Friday, 10 November 2017.



Shareholders are advised that following the close of the Rights Offer on Friday, 24 November 2017, 135 985 156 Rights Offer Shares were subscribed for, equivalent to 98.92% of the 137 473 296 Rights Offer Shares that could have been subscribed for as set out in the Circular. Of the total that could have been subscribed for, 8 643 044 Rights Offer Shares will be allocated to the Underwriters in terms of the Underwriting Agreements.



Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Shares on or about Monday, 27 November 2017. The CSDP or broker accounts of holders of Dematerialised Shares will be credited with Rights Offer Shares and debited with payments due on Monday, 27 November 2017.
17-Nov-2017
(Official Notice)
Shareholders are advised that, at the annual general meeting of Italtile held on 17 November 2017, all the resolutions as set out in the notice of the annual general meeting were passed by the requisite majority of shareholders.
16-Nov-2017
(Official Notice)
02-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 Amendment Act No. 46 of 2013, is available on the Company?s website, www.italtile.com.
02-Nov-2017
(Official Notice)
Italtile Shareholders ("Shareholders") are referred to the announcement released on SENS on 23 October 2017 (?Declaration Announcement?) wherein Shareholders were advised that Italtile intends to raise up to R1.59 billion by way of a partially underwritten renounceable rights offer (?Rights Offer?), in terms of which Italtile will offer a total of 260 539 178 new ordinary shares of no par value (?Rights Offer Shares?) at a subscription price of R11.57 per Rights Offer Share in the ratio of 22 Rights Offer Shares for every 100 Italtile shares ("Italtile Shares") held at the close of business on the record date for the Rights Offer, being Friday, 10 November 2017 (?Record Date?).



Rights offer circular

Shareholders are advised that Italtile has received formal approval of the Rights Offer circular from the Issuer Regulation Division of the JSE Limited and accordingly, the Rights Offer can now be implemented in accordance with the salient dates and times as set out in the Rights Offer circular and the Declaration Announcement. The Rights Offer circular and accompanying Form of Instruction for use by certificated Shareholders only, containing full particulars of the Rights Offer, will be posted on Monday, 6 November 2017 to certificated Shareholders recorded in the share register on Friday, 27 October 2017. Certificated Shareholders must complete the Form of Instruction and lodge it with the transfer secretaries indicating how they wish to participate in the Rights Offer.



The Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on Tuesday, 14 November 2017 to dematerialised Shareholders (who have elected to receive such documents) recorded in the share register on the Record Date. Dematerialised Shareholders will not receive a ?printed? Form of Instruction, but will have their accounts updated with their Rights Offer entitlement by their Central Securities Depository Participant ("CSDP") or broker. Holders of dematerialised Italtile Shares are required to notify their CSDP or broker of the action they wish to take in respect of the Rights Offer in the manner and by the time stipulated in the agreement governing the relationship between the dematerialised Shareholder and his/her CSDP or broker. The Rights Offer circular will be made available on the Company?s website, www.italtile.com, by close of business on Monday, 6 November 2017.
23-Oct-2017
(Official Notice)
29-Sep-2017
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2017, has been distributed to shareholders today and is available on the Company?s website, www.italtile.com. The integrated annual report contains no modifications to the preliminary profit announcement and reviewed Group results for the year ended 30 June 2017 published on SENS on 16 August 2017.



Notice is hereby given that the 28th annual general meeting of shareholders of Italtile will be held at 08:00 on Friday, 17 November 2017 at the registered office of Italtile, The Italtile Building, Corner William Nicol Drive and Peter Place, Bryanston, 2021 to consider and, if deemed fit, to pass with or without modification, the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 10 November 2017. Accordingly, the last day to trade Italtile shares in order to be recorded in the securities register of the Company in order to be entitled to vote will be Tuesday, 7 November 2017.





06-Sep-2017
(Official Notice)
22-Aug-2017
(Official Notice)
Further to the SENS announcements published on 26 April 2016, 9 June 2016 and 20 July 2016, Italtile submitted a binding offer ("Binding Offer") on 16 July 2016 to Ceramic, to acquire up to a further 73.5% of the company?s issued share capital ("the Acquisition"). In terms of the Acquisition, the purchase consideration equates to R3.61 billion which will be settled in cash (50%) and the balance by the issue of Italtile shares at R11.57 per share.



In a statement issued on 21 August 2017, the Competition Tribunal (?the Tribunal?) announced that the merger has been conditionally approved. Shareholders are referred to the statement released by the Tribunal.



The Tribunal furthermore advised in its statement that it will release the full reasons for its decision in due course.



Shareholders will be apprised of further details as soon as practicable.
16-Aug-2017
(C)
01-Aug-2017
(Official Notice)
Italtile is currently finalising its results for the year ended 30 June 2017 (?the period?).



Towards the end of the first six months of the period the trading environment deteriorated markedly, featuring intensified economic pressure and socio-political uncertainty. Under these adverse conditions, consumers further curtailed discretionary spend on home improvements and renovations, while both public and private sectors suspended investment in the new build segment. The Group?s performance for the period reflects this downturn, with notably stronger results reported for the first half when compared to the second half.



System-wide turnover of R6.21 billion for the period was 4.3% higher when compared to the prior comparative period (2016: R5.96 billion). System-wide turnover is defined as the aggregate of the Group?s consolidated turnover as reported (total sales by Group owned entities and corporate stores, excluding sales from owned supply chain businesses to corporate stores) and the turnover of franchisees of the Group.



The Group?s basic earnings per share is expected to be between 88.9 cents and 91.1 cents (2016: 87.8 cents), representing an increase of between 1.3% and 3.8% compared to the prior corresponding period. Headline earnings per share is expected to be between 84.5 cents and 86.3 cents for the period, reflecting a decrease of between 2.8% and 0.7% (2016: 86.9 cents) compared to the prior corresponding period.



Basic earnings include the impact of a R37 million once-off gain realised on the sale of the Group?s Australian property holding company in December 2016 (excluded from headline earnings).



While disappointing sales and profit growth failed to meet management?s targets, good progress was achieved in terms of the Group?s stated goals for the second half of the period to reduce operating costs and improve its working capital position. In this regard, cash and cash equivalent reserves at the end of the period increased to R511 million (2016: R347 million), representing an increase of 47%, and inventory levels decreased by 21% to R548 million (2016: R693 million), while simultaneously reflecting enhanced quality.



Publication of results

The Group's results for the year ended 30 June 2017 are expected to be published on SENS on or about 16 August 2017.
01-Aug-2017
(Official Notice)
17-Mar-2017
(Official Notice)
24-Feb-2017
(Official Notice)
Shareholders are advised that following the announcement by the South African Minister of Finance on 22 February 2017, the dividend withholding tax rate has been increased from 15% to 20%, in respect of all dividends paid on or after 22 February 2017. Furthermore, shareholders are referred to the Reviewed Condensed Group Results for the six months ended 31 December 2016 and Dividend Declaration announcement released on SENS on 10 February 2017, wherein a dividend was declared. Shareholders are hereby requested to refer to the updated dividend declaration paragraph below:



The Board has declared an interim gross cash dividend (number 101) for the six months ended 31 December 2016 of 16.0 cents per ordinary share to all shareholders recorded in the shareholder register of the Company as at the record date of Friday, 3 March 2017.



In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the JSE Listings Requirements, the following additional information is provided:

- The dividend has been declared out of income reserves.

- The local dividend withholding tax rate is 20% (twenty percent).

- The gross local dividend amount is 16.00 cents per share for shareholders exempt from the dividends tax.

- The net local dividend amount is 12.80 cents per share for shareholders liable to pay the dividends tax.
10-Feb-2017
(C)
Turnover for the interim period was 16% higher at R2.1 billion (2015: 1.8 billion). Gross profit increased by 11% to R783 million (2015: R704 million) and trading profit rose by 12% to R594 million (2015: R531 million). Profit attributable to equity shareholders increased to R477 million (2015: R410 million). Furthermore, headline earnings per share improved by 7% to 46.6 cents per share (2015: 43.4 cents per share).



Cash dividend

The Group has maintained its dividend cover of three times. The board has declared an interim gross cash dividend of 16.0 cents per share (2015: 14.0 cents), an increase of 14%.



Prospects

Management anticipates that lower consumer demand and high levels of imported product across the industry will result in intensified competition in the marketplace in forthcoming months.



The Group has historically reported a stronger first half than second half, based primarily on consumers having access to additional funds from bonuses and stokvels pay-outs and capitalising on in-store festive season promotional activity at the end of the first half. Management believes this trend will continue in the period ahead, and furthermore, given the prevailing economic climate, that the growth in the second half of the forthcoming six months will be weaker than the strong growth of the second half of the prior year.



Following intensive re-engineering across the business, and in the context of uncertain trading conditions, the emphasis in the forthcoming six months will be on refining retail excellence disciplines. Management's primary focus will be on reducing operating costs and improving efficiencies in the overall Supply Chain; leveraging BOP across the business to optimise stock levels; improving the Group's working capital position; and further enhancing customer service to retain and gain market share.



Management has an optimistic long-term outlook for the future of business in South Africa and for the opportunities which exist for the Group. In this regard, continued investment will be made in expanding the store footprint, developing Supply Chain operations to support the growing business, and improving the offering to customers through investment in people and technology.

01-Feb-2017
(Official Notice)
Italtile is currently finalising its results for the six months ended 31 December 2016 (?the period?).



The Group?s basic earnings per share will be between 50.5 cents and 51.8 cents for the period, reflecting an increase of between 14% and 17% compared to the prior corresponding period ended 31 December 2015, being 44.3 cents. Headline earnings per share will be between 46.0 cents and 47.3 cents for the period, reflecting an increase of between 6% and 9% (2015: 43.4 cents).



System-wide turnover for the period is 14% higher than the prior comparative period (2015: R3.08 billion), while trading profit will be between 10% and 13% higher (2015: R531 million). System-wide turnover is the aggregate of the Group?s consolidated turnover (total sales by Group owned entities and corporate stores, excluding sales from owned supply chain businesses to corporate stores) as reported and the turnover of franchisees of the Group.



Like-on-like retail store turnover for the period is 9% higher than the prior comparative period, with average price inflation of 7.6%. Retail store turnover is the aggregate of turnover of all stores, either corporate or franchised, in the Group?s retail network.



The Group's results for the six months ended 31 December 2016 are expected to be published on SENS on or about 10 February 2017.
30-Jan-2017
(Official Notice)
The board of directors of Italtile ("the Board") hereby notifies its shareholders that Ms Gugu Mtetwa has been appointed to the board as an independent non-executive director with effect from 28 January 2017.



This appointment reflects the Group?s continuing commitment to transforming the composition of the Board and enhancing the experience and expertise available to the business.







05-Dec-2016
(Official Notice)
Management is hosting an investors? visit to Italtile and Ceramic Industries? facilities on 5 December 2016, and as part of the presentations, will provide a sales update as discussed below.



For the five months to 30 November 2016, total system-wide sales (including new stores) increased to R2.9 billion, representing growth of 14.7% compared with the previous corresponding period. Nine TopT stores were opened during the five months to 30 November 2016, although their full contribution to revenue will only be reflected in the following six months.



Like-on-like retail store turnover grew by 10% compared with the previous corresponding period, with average price inflation estimated at 7.9%. While trading conditions remained testing and consumer discretionary spend constrained during the period, the business benefited from continued improvements across its operations and a gain in market share.
29-Nov-2016
(Official Notice)
The board of directors of Italtile (?the Board?) notified its shareholders that Mr Nick Booth, Chief Executive Officer of Italtile, has elected to take early retirement with effect from 28 February 2017. He will step down from his executive duties as from 1 December 2016 in order to facilitate an effective handover, and will be available to support the management team until his retirement date. Mr Jan Potgieter, currently Chief Operating Officer, will be appointed as Chief Executive Officer with effect from 1 December 2016. The position of Chief Operating Officer will not be filled in the foreseeable future.
25-Nov-2016
(Official Notice)
The board of directors of Italtile (?the Board?) hereby notifies its shareholders that, following the annual general meeting held today, 25 November 2016, wherein Ms Alessia Zannoni, who retired by rotation in terms of the MOI and who, being eligible, offered herself for re-election as a director of the Company, has retired as a non- executive director of the Board with immediate effect as a result of ordinary resolution number 1.5, ?Re-election of Ms A Zannoni? not being approved by the requisite majority of shareholders.

25-Nov-2016
(Official Notice)
Shareholders are advised that, at the annual general meeting of Italtile held today, all the resolutions as set out in the notice of the annual general meeting were passed by the requisite majority of shareholders with the exception of ordinary resolution number 1.5, ?Re-election of Ms A Zannoni?. The number of shares voted in person or by proxy was 855 169 947, representing 83% of the total issued share capital of the same class of Italtile shares.



30-Sep-2016
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2016, has been distributed to shareholders today and is available on the company?s website, www.italtile.com. The integrated annual report contains no modifications to the preliminary profit announcement and reviewed Group results for the year ended 30 June 2016 published on SENS on 25 August 2016.



Notice is hereby given that the 27th annual general meeting of shareholders of Italtile will be held at 08:00 on Friday, 25 November 2016 at the registered office of Italtile, The Italtile Building, Corner William Nicol Drive and Peter Place, Bryanston, 2021 to consider and, if deemed fit, to pass with or without modification, the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 18 November 2016. Accordingly, the last day to trade Italtile shares in order to be recorded in the Register to be entitled to vote will be Tuesday, 15 November 2016.
21-Sep-2016
(Official Notice)
14-Sep-2016
(Official Notice)
Italtile shareholders are referred to the ?Request for consideration filed with the Competition Tribunal regarding proposed merger between Italtile and Ceramic? announcement published on SENS on 11 August 2016, the ?Competition Commission ruling on proposed merger between Italtile and Ceramic? announcement published on SENS on 28 July 2016, the ?Binding Offer to Acquire Shares in Ceramic, Rights Offer Declaration and Withdrawal of Cautionary? announcement published on SENS on 20 July 2016 and the ?Offer to Acquire Shares in Ceramic, Details of the Italtile Rights Offer and Renewal of Cautionary? announcement published on SENS on 26 April 2016.



In the announcement of 11 August 2016, the board of directors of Italtile (?Board?) advised shareholders that a Request for Consideration was filed with the Competition Tribunal on Thursday, 11 August 2016.



The Board wishes to advise shareholders that an in limine Competition Tribunal hearing ("the Hearing") will be held to consider certain circumscribed aspects of the merger. The proposed dates for the Hearing are 25 and 26 October 2016.



Furthermore, with reference to the announcement of 20 July 2016 and given the rationale for the Rights Offer, the Rights Offer will be postponed pending the outcome of the Hearing.



Shareholders will be advised of the outcome of the Hearing and its impact on the Rights Offer in due course.
25-Aug-2016
(C)
23-Aug-2016
(Official Notice)
Shareholders are referred to the ?Binding Offer to Acquire Shares in Ceramic, Rights Offer declaration and Withdrawal of Cautionary Announcement? published on SENS on 20 July 2016, and using the terms defined therein unless otherwise stated, are hereby advised that the circular containing full details of the Acquisition and incorporating a notice to convene a general meeting of Italtile shareholders (?General Meeting?) in order to consider and, if deemed fit, to pass, with or without modification, the resolutions necessary to approve the Acquisition, has been distributed today, 23 August 2016.



The circular is available on the company?s website at: www.italtile.com.



Notice of general meeting

Notice is hereby given that the general meeting will be held at 10:00 on Wednesday, 21 September 2016, at the registered office of Italtile, The Italtile Building, Corner William Nicol Drive and Peter Place, Bryanston, 2021 to consider and, if deemed fit, to pass with or without modification, the business stated in the notice of general meeting, which is contained in the circular. The board of directors of the company has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, the record date for the purposes of determining which shareholders of the company are entitled to receive notice of the general meeting is Friday, 12 August 2016 and only shareholders who are registered in the securities register of the Company on Friday, 16 September 2016, will be entitled to participate in and vote at the general meeting. Accordingly, the last day to trade in Italtile shares in order to be recorded in the Register in order to be entitled to attend, participate in and vote at the general meeting is Tuesday, 13 September 2016.



19-Aug-2016
(Official Notice)
Italtile shareholders are referred to the "Binding Offer to Acquire Shares in Ceramic, Rights Offer Declaration and Withdrawal of Cautionary Announcement" released on SENS on 20 July 2016 ("the July Announcement"). Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement.



Italtile shareholders are advised that, at the Ceramic Scheme Meeting held on 19 August 2016, the Scheme Special Resolution was unanimously approved by Ceramic shareholders entitled to vote on the Ceramic Scheme.



The Conditions Precedent contained in paragraphs 2.3.1 and 2.3.2 of the July Announcement and as set out below have accordingly been fulfilled:

*the Ceramic shareholders passing the Scheme Special Resolution and (i) to the extent required in terms of section 115(3) of the Companies Act, the implementation of such Scheme Special Resolution having been approved by the court and (ii) if applicable, Ceramic not electing to treat the Scheme Special Resolution as a nullity in terms of section 115(5)(b) of the Companies Act;

*if the Scheme Special Resolution has been passed at the Ceramic Scheme Meeting by the requisite majority of Ceramic shareholders entitled to vote on the Ceramic Scheme and any person who voted against the Scheme Special Resolution applies to court after the vote for a review of the Ceramic Scheme in accordance with the requirements of section 115(3)(b) of the Companies Act, (i) no leave having been granted by the court to such person to apply to court for a review of the Ceramic Scheme in accordance with the requirements of section 115(7) of the Companies Act or (ii) if leave is granted by the court to apply to court for a review of the Ceramic Scheme in accordance with the requirements of section 115(6) of the Companies Act, the court not setting aside the Scheme Special Resolution in terms of section 115(7) of the Companies Act;



not more than 5% of Ceramic Shares held by Scheme Participants voting at the Ceramic Scheme Meeting, exercising their rights of appraisal in terms of and within the time period prescribed in section 164 of the Companies Act.



The implementation of the Acquisition remains subject to the fulfilment (or waiver, where applicable) of all of the other Conditions Precedent contained in the July Announcement.



11-Aug-2016
(Official Notice)
Italtile shareholders are referred to the ?Competition Commission ruling on proposed merger between Italtile and Ceramic? announcement published on SENS on 28 July 2016, as well as to the ?Binding Offer to Acquire Shares in Ceramic, Rights Offer Declaration and Withdrawal of Cautionary Announcement? published on SENS on 20 July 2016 and the ?Offer to Acquire Shares in Ceramic, Details of the Italtile Rights Offer and Renewal of Cautionary? announcement released on SENS on 26 April 2016.



In the announcement of 28 July 2016, the board of directors of Italtile (?Board?) advised that it was strongly opposed to the Competition Commission?s (?the Commission?) ruling of 26 July 2016, in which the Commission prohibited the proposed merger between Italtile and Ceramic. The board is of the opinion that the Commission?s decision was based, inter alia, on incorrect information and an incorrect adjudication of control and consequently its findings are incorrect.



Accordingly the board advised that it would request the Competition Tribunal to consider the prohibited merger, by written notice and in the prescribed form.



In this regard, Italtile wishes to advise shareholders that a Request for Consideration was filed with the Competition Tribunal on Thursday, 11 August 2016. Shareholders will be apprised of progress in this regard.



The acquisition process as communicated to date will continue as scheduled, and shareholders will be updated of any changes to the timetable, to the extent necessary, in due course.



28-Jul-2016
(Official Notice)
Competition Commission ruling on Proposed merger between Italtile Ltd (?Italtile?) and Ceramic Industries Pty Ltd (?Ceramic?) ("the merging parties?). Italtile shareholders are referred to the ?Binding Offer to Acquire Shares in Ceramic, Rights Offer declaration and Withdrawal of Cautionary Announcement? published on SENS on 20 July 2016 and the ?Offer to Acquire Shares in Ceramic, Details of the Italtile Rights Offer and Renewal of Cautionary? announcement released on SENS on 26 April 2016.



In terms of Italtile?s proposed merger with Ceramic, the Competition Commission ruled on 26 July 2016 that the transaction has been prohibited. The Boards of Italtile and Rallen (as the majority shareholder of Italtile and Ceramic) are strongly opposed to this ruling, as they believe that the Commission?s decision was based, inter alia, on incorrect information and an incorrect adjudication of control and consequently its findings are incorrect.



In terms of Section 16(1)(a) of the Competition Act 89 of 1998, if the Competition Commission prohibits an intermediate merger, any party to the merger may request the Competition Tribunal to consider the prohibited merger, by written notice and in the prescribed form. Accordingly, Italtile will be preparing and filing a Request for Consideration with the Competition Tribunal.



In the conviction that this matter will be reviewed and resolved appropriately, and since approval by the Competition authorities is only one of several conditions precedent, the acquisition process and timetable as communicated to date will continue as scheduled. Shareholders will be apprised of progress in this regard in due course.



J
28-Jul-2016
(Official Notice)
Italtile is currently finalising its results for the year ended 30 June 2016. The Group?s basic earnings per share (?EPS?) will be between 86.5 cents and 89.6 cents (2015: 75.9 cents), representing an increase of between 14% and 18% compared to the previous corresponding period ended 30 June 2015. Headline earnings per share (?HEPS?) will be between 85.2 cents and 88.1 cents (2015: 71.6 cents), representing an increase of between 19% and 23% compared to the previous corresponding period ended 30 June 2015.



Earnings growth includes the impact of the following:

- The increased contribution of R96 million (2015: R62 million) to Group profit from associates Ceramic Industries (Pty) Ltd. and Ezee Tile;

- Net finance income of R23 million (2015: R11 million) attributable to improved average net cash holdings of the Group;

- A normalisation of the effective taxation rate as non- recurring taxation benefits were recorded in the previous corresponding period; and

- The absence of once-off gains of R33 million (adjusted for in headline earnings) reported in the previous corresponding period derived from:

- the reclassification of a subsidiary (SER-Export s.p.a.) to an associate following the disposal by the Group of a portion of its shareholding in this company (gain of R14 million); and

- the reclassification to income of foreign currency translation reserve related to Italtile Mauritius Proprietary Limited, previous bearer of certain of the Group?s non-South African trademarks, following the liquidation distribution of that company?s net assets to South Africa (gain of R19 million).



System-wide turnover for the year ended 30 June 2016 will be between 13% and 15% higher than the prior comparative period (2015: R5.22 billion). This solid performance reported for the year is attributable to continued expansion of the Group?s Business Optimisation Programme across key areas of the Group, which facilitated further improvements within the business and a gain in market share from competitors.



The Group's results for the year ended 30 June 2016 are expected to be published on SENS on or about 25 August 2016.
20-Jul-2016
(Official Notice)
09-Jun-2016
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 11 February 2016, the subsequent renewal thereof released on SENS on 29 March 2016 and the ?Offer to Acquire Shares in Ceramic, Details of the Italtile Rights Offer and Renewal of Cautionary? announcement released on SENS on 26 April 2016, and using the terms defined therein unless otherwise stated, are advised that, as the Acquisition is still subject to Italtile board approval and the signing of a binding formal agreement, shareholders are to continue exercising caution when dealing in Italtile securities until a further announcement is made.
26-Apr-2016
(Official Notice)
29-Mar-2016
(Official Notice)
Further to the cautionary announcement released on SENS on 11 February 2016, shareholders are advised that discussions regarding potential corporate actions are still in progress which, if successful, 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 further announcement is made.





12-Feb-2016
(Media Comment)
According to Business Report, Italtile spent R242 million in capital expenditure, more than doubling the amount of R109 million spent in 2014, for the six months to December to improve its brand and to acquire property. The investment made it possible for the company to consolidate its position as a leader in the industry. Chief financial officer Brandon Wood said that Itatile have invested quite a lot in store upgrades and property acquisitions. Investments were also made in IT requirements related to the business optimisation programme.
11-Feb-2016
(C)
Turnover for the interim period increased to R1.798 billion (2014: R1.611 billion. Gross profit rose by 12% to R704 million (2014: R627 million), trading profit jumped 16 % to R531 million (2014: R459 million), while profit attributable to equity shareholders was higher at R410 million (2014: R338 million). Furthermore, headline earnings per share grew by 22% to 43.4 cents per share (2014: 35.7 cents per share).



Cash dividend

The Group has maintained its dividend cover of three times. The Board has declared an interim gross cash dividend of 14 cents per share (2014: 12 cents per share), an increase of 17%.



Prospects

Historically, the Group has delivered a stronger performance in the first six months of the financial year than the latter half. This is a function of robust trading in the second quarter, based on consumers having access to additional funds from bonuses and stokvel pay-outs and capitalising on in-store festive season promotional activity. In the context of continued socio-economic uncertainty and further constraints on discretionary spend anticipated in the forthcoming period, it is highly likely that this trend will persist, with the second half proving increasingly challenging for all participants in the sector.



Notwithstanding this subdued trading environment, management is satisfied that there is clarity of strategy and structure across the company, which will enable the Group to capitalise on growth opportunities both within the business and in the marketplace. In the forthcoming period, the BOP will be further embedded in the Retail brand operations and should deliver improvements in line with management's expectations. In addition, subject to availability of suitable sites and operators, the store roll-out programme will continue apace. Further investment will be made in expanding the business to achieve the Group's strategic growth goals, including expenditure on systems, technology and human resources. Italtile's cash reserves will support this strategy.



Cautionary announcement

Italtile shareholders are advised that the Company has entered into discussions regarding potential corporate actions, which, if successful, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in Italtile's securities until a further announcement in this regard is made.
25-Jan-2016
(Official Notice)
Italtile is currently finalising its results for the six months ended 31 December 2015.



The Group?s basic earnings per share (?EPS?) will be between 43.7 cents and 45.1 cents, reflecting an increase of between 19% and 23% compared to the previous corresponding period ended 31 December 2014, being 36.7 cents. Headline earnings per share (?HEPS?) will be between 42.8 cents and 44.3 cents, reflecting an increase of between 20% and 24% (2014: 35.7 cents).



System-wide turnover for the six months ended 31 December 2015 will be between 12% and 15% higher than the prior comparative period (2014: R2.72 billion), while trading profit will be between 15% and 19% higher (2014: R459 million).



The performance reported for the six months is primarily attributable to:

* Management?s commitment to instilling retail excellence across the key customer-facing components of the Group?s offering, which resulted in improved levels of customer satisfaction and increased sales for the period;

* the benefits realised from implementation of the Business Optimisation Programme (?BOP?) in the Group?s Supply Chain and Support Services divisions and expansion of the programme into the Retail brand operations; and

* the Group?s strategic investments in its principal local suppliers, Ceramic Industries (Pty) Ltd and Ezeetile, which delivered pleasing returns and continued to support the business?s growth agenda. The total contribution to Group profits from these associates rose between 62% and 65%.



Review of results

The information on which this announcement is based has not been reviewed or reported on by Italtile's auditors.



Publication of results

The Group's results for the six months ended 31 December 2015 are expected to be published on SENS on or about 11 February 2016.
27-Nov-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Italtile held today, all the resolutions as set out in the notice of the annual general meeting were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 867 884 124, representing 83.99% of the total issued share capital of the same class of Italtile shares.



The number of shares which abstained from voting was 3 916, representing 0.0004% of the total issued share capital of the same class of Italtile shares.

30-Sep-2015
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 30 June 2015, has been distributed to shareholders today and is available on the company?s website, www.italtile.com. The integrated annual report contains no modifications to the preliminary reviewed Group results for the year ended 30 June 2015 published on SENS on 27 August 2015.



Notice is hereby given that the 26th annual general meeting of shareholders of Italtile will be held at 08:00 on Friday, 27 November 2015 or any other adjourned or postponed time, at Italtile Place, Corner William Nicol Drive and Peter Place, Bryanston to consider and, if deemed fit, to pass with or without modification, the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 20 November 2015. Accordingly, the last day to trade Italtile shares in order to be recorded in the Register to be entitled to vote will be Friday, 13 November 2015.
27-Aug-2015
(C)
Turnover for the year increased to R3.115 billion (2014: R2.714 million). Gross profit grew by 14% to R1.204 billion (2014: R1.057 billion), trading profit rose by 21% to R905 million (2014: R751 million), while profit attributable to equity shareholders was higher at R700 million (2014: R509 million). Furthermore, headline earnings per share from continuing operations climbed 22% to 71.6 cents per share (2014: 58.7 cents per share).



Dividend

The Group has maintained its dividend cover of three times. The Board has declared a final gross cash dividend of 13 cents per share (2014: 10 cents per share), which together with the interim gross cash dividend of 12 cents per share (2014: 9 cents per share), produces a total gross cash dividend declared for the year ended 30 June 2015 of 25 cents per share (2014: 19 cents per share), an increase of 32%.



Prospects

The trading environment is likely to remain largely unchanged. In the event of further Rand weakness, continued rationalisation, especially amongst smaller independent traders, is anticipated. If prevailing conditions do not deteriorate further and the Group succeeds in capitalising on the growth opportunities which exist in the business and the market place, Italtile should deliver results in line with its current performance in the next reporting period. The opportunities for growth are internal and external:

* The Business Optimisation Programme will be rolled out to the retail brand operations. Further investment will be made in systems, technology and human resources to achieve the programme?s goals; it is anticipated that full implementation of this intervention will take up to three years.

* In the light of sustained demand for the Group?s offering and steady growth in market share in traditional and new markets, the business will continue to expand its retail footprint across all three brands. The pace of this programme will be determined by availability of suitable sites and franchisees.
30-Jul-2015
(Official Notice)
16-Feb-2015
(C)
Turnover form continuing operations rose to R1.6 billion (R1.4 billion) and gross profit was 18% higher at R627 million (R532 million). Trading profit grew by 21% to R459 million (R379 million). Profit attributable to equity shareholders jumped to R338 million (R251 million). In addition, headline earnings per share from continuing operations increased by 28% to 35.7 cents per share (27.8 cents per share).



Cash dividend

Italtile maintained its dividend cover of three times. The Board has declared an interim gross cash dividend of 12,0 cents per share (2013: 9,0 cents), an increase of 33%.



Prospects

Management does not foresee a notable improvement in the economy in the short term and anticipates trading conditions to remain consistent with recent prior years. In the current environment, homeowners will remain cautious in their investment decisions and the allocation of discretionary spend.



The business optimisation programme, which to date has focused on leveraging the relationship between the supply chain and the retail operations, will continue to be rolled out to all key strategic areas across the Group. Further investment will be made in systems, technology and human resources to achieve the programme?s goals; it is anticipated that full implementation of the optimisation programme will take up to three years.



Italtile traditionally delivers a stronger performance in the first half of the financial year than the second half. In this regard, management is mindful that the results of the second six months of the prior reporting year were unusually robust.



Furthermore, certain items which positively impacted on net profit during the review period will not repeat in the second half.
23-Jan-2015
(Official Notice)
The Group?s basic earnings per share (?EPS?) from continuing operations will be between 36.3 cents and 36.9 cents, reflecting an increase of between 27% and 29% compared to the previous corresponding period ended 31 December 2013 being 28.6 cents and the headline earnings per share (?HEPS?) from continuing operations will be between 35.5 cents and 36.1 cents, reflecting an increase of between 27% and 29%, compared to the previous corresponding period ended 31 December 2013 being 28.0 cents. HEPS have been adjusted for the post-taxation impact of an R11 million profit on sale of property.



Trading profit growth from continuing operations of between 20% and 22% will translate into profit after tax growth from total operations of between 35% and 37%, as a result of the following:

* Profit on sale of property of R11 million (2013: R7 million);

* A once-off IFRS2 charge related to the Italtile Staff Share Scheme of R7 million (2013: R11 million);

* The increased contribution from associates, Ceramic Industries Ltd. and Ezeetile, of R27 million (2013: R13 million);

* Net finance income of R2 million compared with a net finance expense in the prior comparative period of R6 million related to the reduction in a long-term loan;

* Once-off losses related to discontinued operations in the prior comparative period of R12 million; and

* A lower effective tax rate resulting from reduced consolidated Dividend Withholding Tax charges compared with the prior corresponding period.



System-wide turnover from continuing operations for the six months ended 31 December 2014 will be between 18% and 20% higher than the prior comparative period. The performance reported for the six months is attributable to continued focus on the Group?s business optimisation programme in key areas including IT systems, the supply chain and in store efficiencies to enhance the customer shopping experience.



Publication of results

The Group's results for the six months ended 31 December 2014 are expected to be published on SENS on or about 16 February 2015.
28-Nov-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Italtile held today, 28 November 2014, all the resolutions as set out in the notice of the annual general meeting were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 705 683 826, representing 68.29% of the total issued share capital of the same class of Italtile shares.

The number of shares which abstained from voting was 36 000, representing 0.003% of the total issued share capital of the same class of Italtile shares.



Furthermore, in compliance with paragraph 3.59 of the Listings Requirements of JSE Ltd., the board of directors of Italtile ("the board") hereby notifies its shareholders that Mr Pierre Langenhoven has resigned as an executive director of the board and that Mr Peter Swatton has resigned as a non-executive director of the Board and member of the Social and Ethics Committee, with immediate effect.



Ms Ndumi Medupe, an independent non-executive director of the board, has been appointed as a member of the Audit and Risk Committee with immediate effect.
03-Oct-2014
(Official Notice)
Shareholders are advised that the annual report for the year ended 30 June 2014, was distributed on 30 September 2014 and contains no modifications to the preliminary reviewed Group results for the year ended 30 June 2014 published on SENS on 21 August 2014. The annual financial statements of the Company may be obtained by shareholders, by downloading a copy thereof from the Company's website at www.italtile.com.



AGM notice

The annual general meeting of shareholders of Italtile will be held at 08:00 on Friday, 28 November 2014 at Italtile Place, Cnr William Nicol Drive and Peter Place, Bryanston to conduct the business stated in the notice of the annual general meeting, which is contained in the annual report.
21-Aug-2014
(C)
Turnover from continuing operations increased to R2.7 billion (R2 billion). Gross profit rose by 31% to R1.1 billion (R806 million). Trading profit was up 23% to R751 million (R611 million). Net attributable profit increased to R509 million (R444 million). In addition, headline earnings from continuing operations per share grew 24% to 58.7cps (47.3cps).



Dividend

The board has declared a final gross cash dividend for the year ended 30 June 2014 of 10 cents per ordinary share to all shareholders recorded in the books of Italtile Ltd.



Prospects

Management anticipates that current trading conditions will persist for the foreseeable future. However, the Group remains optimistic that there are sufficient opportunities to leverage in the business and the industry to enable it to continue to deliver a satisfactory performance in the interests of all stakeholders. In this regard, a clear strategy is in place for growing each of the three retail brands. In addition, improvements in the supply chain related to procurement and stock management will drive efficiencies and cost containment. Enhanced recruitment and training will be another key focus area in the forthcoming period. Italtile?s reputation for innovation in the industry will be pursued through continuous research into new markets, cutting edge merchandise, and systems and equipment to improve customer shopping experience.

07-Aug-2014
(Official Notice)
01-Aug-2014
(Official Notice)
Shareholders are referred to Italtile's Reviewed Group results for the six months ended 31 December 2013 announced on SENS on 13 February 2014 wherein it was announced that Mr Jan Potgieter was appointed as Chief Operating Officer and executive director of the board. Furthermore, shareholders are notified that Mr Potgieter's appointment has become effective from today, 1 August 2014.



Mr Potgieter's appointment follows that of Mr Nick Booth, who assumed the position of Chief Executive Officer with effect from 1 July 2014, as announced on SENS on 25 July 2013 and 1 July 2014.
01-Jul-2014
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., and with reference to the announcements published on the Stock Exchange News Service on 10 June 2013 and 25 July 2013, shareholders are advised that with effect from 1 July 2014, the board will be restructured as follows:



Mr Nick Booth will assume the position of Chief Executive Officer ("CEO"). Mr Giovanni Ravazzotti, who served as interim CEO pending Mr Booth?s appointment, will resume his role as Chairman of the Group. Mr Brand Pretorius, who served as interim Chairman in Mr Ravazzotti's stead, will resume his position as independent non- executive director.
13-Feb-2014
(C)
03-Feb-2014
(Official Notice)
Italtile is currently finalising its results for the six months ended 31 December 2013. During the period the Group disposed of the following non-core businesses:

*The eight store CTM retail operation in Australia via a facilitated management buyout;

*Allmuss Properties Zambia Ltd. ("Allmuss Properties Zambia") -a property holding company; and

*Cladding Finance (Pty) Ltd. - a niche provider of outsourced debtors' solutions.



Accordingly, the summarised financial information presented

below refers to continuing operations only.



The Group's basic earnings per share ("EPS") will be between 18% and 20% higher and the headline earnings per share ("HEPS") will be between 15% and 17% higher, compared to the EPS of 23.9 cents and the HEPS of 24.0 cents for previous corresponding period. HEPS have been adjusted for the post- taxation impact of the following once-off events:

*Profit of R2.4 million achieved on the sale of a property in South Africa; and

*Profit of R4.4 million achieved on the sale of Allmuss Properties Zambia (referred to above).



Both the EPS and HEPS calculations include a R14 million IFRS2 charge, of which R11 million is a once-off charge, related to an equity-settled staff share incentive scheme implemented during the six month period.



Turnover from continuing operations increased by 31%, significantly impacted by the conversion and contribution of nine previously franchised CTM stores to Group-owned stores, and the opening of one new CTM during the period. Excluding the contribution from these ten stores, turnover from comparable Group-owned stores and entities increased by 15%. Average selling prices were inflation-linked.



This sound performance is attributable to a gain in market share across the Group?s merchandise categories. Whilst consumers remained highly price-sensitive, particularly in the lower-middle and middle income segments, the Group?s year- round value offering and policy of "Right product at the right time, place and price" found favour amongst homeowners across the LSM categories 3 to 10.



Publication of results

The Group's results for the six months ended 31 December 2013 are expected to be published on SENS on 13 February 2014.
22-Nov-2013
(Official Notice)
Shareholders are advised that, at the annual general meeting of Italtile held on 22 November 2013, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. Shareholders are further advised that prior to voting on ordinary resolution number three of the notice of annual general meeting, Mr P D Swatton withdrew his nomination for appointment as a member of Italtile's Audit and Risk committee.
31-Oct-2013
(Official Notice)
The board of directors of Italtile is pleased to advise shareholders that Italtile has appointed Merchantec Capital as Sponsor to the Company, with effect from 1 November 2013, replacing KPMG Services (Pty) Ltd. whose appointment has been terminated.
30-Sep-2013
(Official Notice)
The Company hereby informs Italtile shareholders ("Shareholders") that the integrated annual report containing, inter alia, the audited consolidated annual financial statements for the year ended 30 June 2013 and the notice of AGM ("Annual Report"), is available on the Company's website www.italtile.com.



The Annual Report will be distributed to Shareholders on Monday, 30 September 2013 and contains no modifications from the preliminary profit announcement and reviewed Group results published on the Stock Exchange News Service of the JSE on Wednesday, 14 August 2013, other than as detailed below:

*an amount of R4 million has been reclassified from the share option reserve to provisions.



Shareholders are advised that the above change has no effect on the published condensed Group statement of cash flows and condensed Group statement of comprehensive income.



Notice of AGM

The AGM will be held at Italtile Place, Cnr William Nicol Drive and Peter Place, Bryanston on Friday, 22 November 2013 at 11:00. Details of the proceedings and resolutions are contained in the aforementioned Annual Report.
14-Aug-2013
(C)
Turnover from continuing operations increased to R2 billion (R1.8 billion). Gross profit rose by 16% to R806 million (R696 million). Trading profit was up 18% to R611 million (R520 million). Net attributable profit increased to R444 million (R378 million). In addition, headline earnings from continuing operations per share grew 16% to 47.3cps (40.7cps).



Dividend

The board has declared a final dividend for the year ended 30 June 2013 of 8 cents per Italtile ordinary share. The board has also declared a special dividend of 50 cents per share payable to shareholders. The special dividend is part of the groups' plan to optimally employ its capital structure. Italtiles highly cash generative nature supports this strategy. In addition, the group has no acquisitions planned for the immediate term.



Prospects

Innovation in both products and technology is key to retaining and growing market share. The group will continue to commit resources to furthering its goal to be at the forefront of leading-edge trends and developments in order to provide its customers with a superior shopping experience and its shareholders with a satisfying return on investment. Efficiency and cost-containment drives will remain a priority, both in terms of improving profitability for the business as well as providing favourable pricing for customers based on a lower margin offering. Only limited improvement in the local economy is anticipated in the near future. Continued difficult trading conditions will be exacerbated by Rand weakness, and competition in the industry is likely to intensify. Based on continued efforts to enhance the quality of the business, the supply chain and retail brands are expected to continue to deliver growth for the forthcoming period. A better than average contribution is anticipated from TopT specifically, as the impact of the aggressive planned store roll-out programme filters through. The management and staff of Italtile responded enthusiastically to the difficult economic environment and strategic initiatives implemented across the group in the year under review. Their continued commitment to the vision and goals of the business is to be acknowledged and congratulated.







02-Aug-2013
(Official Notice)
Italtile is currently finalising its results for the year ended 30 June 2013. During the period, the group elected to discontinue its investment in a non-core operation and is currently in the process of seeking a buyer for the business. Shareholders are accordingly advised that the group's basic earnings per share for continuing operations will be between 17% and 19% higher than the prior comparable period. Headline earnings per share for continuing operations will be between 14% and 16% higher than the previous corresponding period.



Notwithstanding the subdued local economic environment and competitive trading conditions in the industry, Italtile succeeded in leveraging further opportunities in the market and enhancing efficiencies in the business and supply chain to increase turnover from continuing operations of group-owned stores and entities by 16%. The group's results for the year ended 30 June 2013 are expected to be published on SENS on 14 August 2013.
25-Jul-2013
(Official Notice)
On 10 June 2013, the board of Italtile announced that the Group's Nominations Committee had been tasked with interviewing and appointing a Group Chief Executive Officer (CEO). Further to that announcement, the board advise the appointment of Mr Nicholas (Nick) Booth as Group CEO with effect from 1 July 2014. Italtile founder, Mr Giovanni Ravazzotti will serve as CEO of the Group until Mr Booth's effective appointment date, whereafter he will resume his position as Chairman.
10-Jun-2013
(Official Notice)
Italtile's Nominations Committee has been tasked with interviewing and appointing a Group Chief Executive Officer ("CEO"). This comprehensive programme is currently underway and is anticipated to be a lengthy process. In the interim and until such time as this appointment has been made, the Board of Directors of Italtile has been restructured to ensure compliance with the Listing Requirements of the JSE and the King Code on Corporate Governance for South Africa, as amended from time to time.



Accordingly, at the Group's Board meeting held on 02 June 2013, it was resolved that the following changes to Board members' responsibilities would be made with effect from 01 July 2013:

* Mr GAM Ravazzotti, currently Executive Chairman and CEO, will relinquish his position as Chairman and will serve as CEO until a permanent CEO is appointed, whereupon he will resume his Chairmanship of the Group.

* Mr SG (Brand) Pretorius, currently serving as an Independent Non-executive Director, will be appointed Independent Non-executive Chairman.



It is anticipated that finality in terms of the Board structure will be reached by the end of Financial Year 2014 and a further announcement in this regard will be made to the market in due course.
15-Apr-2013
(Official Notice)
Italtile shareholders were advised that at the general meeting of shareholders held on Monday, 15 April 2013 ("Meeting"), for the purpose of approving the amendments to the Employee Share Incentive Scheme to accord with the applicable regulations of the JSE Ltd., all the ordinary resolutions contained in the notice of general meeting and proposed at the Meeting, were passed by the requisite majority of votes.
15-Mar-2013
(Official Notice)
The board of Italtile announce that, subsequent to the notice published on 28 November 2012 advising that Peter Swatton would step down as Chief Financial Officer (CFO) of Italtile in April 2013, Brandon Wood has been appointed as CFO of the Group with effect from 1 May 2013. Brandon has served as the Group?s Financial Manager since August 2010. He is a Chartered Accountant and, prior to his appointment at Italtile, he was with a large auditing firm for six years. Peter Swatton will assume the position of non-executive director with effect from 1 May 2013.

12-Mar-2013
(Official Notice)
Italtile shareholders ("shareholders") were advised that the company posted a circular to shareholders today, Tuesday, 12 March 2013, the purpose of which is to provide shareholders with information relating to proposed amendments to the Employee Share Incentive Scheme, as set out in the trust deed of the Italtile Employee Share Incentive Trust, ("Amendments") and to convene a general meeting at which shareholders will be requested to vote on the resolutions to approve the Amendments ("General Meeting").



General Meeting

The General Meeting will be held at 11:30 on Monday, 15 April 2013, at the Italtile Building, corner of William Nicol Drive and Peter Place, Bryanston, to consider and, if deemed fit, pass the resolutions required to authorise the Amendments.



Salient dates and times

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

*Record date on which Shareholders must be recorded in the company's securities register in order to be entitled to receive notice of the General Meeting -- Friday, 1 March 2013

*Circular posted to Shareholders on Tuesday, 12 March 2013

*Last date to trade Italtile ordinary shares in order to be eligible to participate in and vote at the General Meeting -- Wednesday, 27 March 2013

*Record date on which Shareholders must be recorded in the company's securities register in order to be entitled to participate in and vote at the General Meeting -- Friday, 5 April 2013

*Forms of proxy for the General Meeting to be received by 11:30 on Thursday, 11 April 2013

*General Meeting to be held at 11:30 on Monday, 15 April 2013

*Results of the General Meeting released on SENS on Monday, 15 April 2013
14-Feb-2013
(C)
Turnover increased to R1.1 billion (R946 million). Gross profit rose 12% to R370 million (R331 million) and trading profit was 15% higher at R312 million (R271 million) Net attributable profit increased to R222 million (R199 million). In addition, headline earnings per share grew by 13% to 24.3cps (21.4cps).



Dividend

A interim ordinary dividend of 8cps has been declared.



Outlook

Management is of the opinion that in the current macro-economic environment, trading conditions will remain difficult for the foreseeable future. There are strong indications that consumers will continue to be pressured by constrained disposable income and will prioritise essential spending over discretionary spending in the face of economic uncertainty. In this regard, the group's consumers in the lower LSM sector are expected to prove least resilient. It is anticipated that above-inflation income growth and the low interest rate environment will support consumer spending in the Groups mid to upper LSM target markets, but probably not at levels achieved over recent years.



Notwithstanding this subdued economic context, the group remains confident that growth opportunities exist for innovative retailers. Managements focus will be on leveraging improvements in the business and supply chain to capitalise on capacity in the local market to increase Italtile's market share.
28-Nov-2012
(Official Notice)
The Board of Italtile ("the Board") announced that Chief Financial Officer ("CFO"), Peter Swatton, had resigned his position and would leave the Group in April 2013.
26-Nov-2012
(Official Notice)
Italtile and Ceramic Industries Ltd. ("Ceramic") shareholders were referred to the joint announcement published on the SENS on Tuesday, 6 November 2012 relating to the joint offer by Rallen Proprietary Ltd. ("Rallen") and Italtile ("joint offer") becoming unconditional and incorporating the revised salient times and dates pertaining to the joint offer. Full details of the Joint Offer were contained in the circular to Ceramic shareholders dated Monday, 1 October 2012.



Results of the joint offer

Shareholders are advised that the Joint Offer closed at 12:00 on Friday, 23 November 2012 and was validly accepted by Ceramic shareholders, other than Rallen and its subsidiaries, Mr GAM Ravazzotti and Ceramic's subsidiary companies ("independent Ceramic shareholders"), in respect of 5 497 832 of their Ceramic shares (27.1% of Ceramic's issued share capital).



Closure of the joint offer

Independent Ceramic shareholders are hereby advised that the joint offer has been successfully concluded and is now closed. Ceramic share certificates in the unlisted Ceramic will be posted to independent Ceramic shareholders who have elected to retain all or some of their Ceramic shares, at their own risk, on or about Tuesday, 27 November 2012.
23-Nov-2012
(Official Notice)
Italtile shareholders were advised that at the annual general meeting of shareholders held on Friday, 23 November 2012 ("meeting"), all the ordinary and special resolutions contained in the notice of annual general meeting and proposed at the Meeting, were passed by the requisite majority of votes. The filing and registration with Companies and Intellectual Property Commission of the special resolution relating to the adoption by Italtile of a new memorandum of incorporation will be done in due course.
06-Nov-2012
(Official Notice)
31-Oct-2012
(Official Notice)
Further to the announcement released on SENS on Tuesday, 30 October 2012, Italtile and Ceramic shareholders are advised that Rallen (Pty) Ltd. and Italtile have extended the date for the fulfilment of the remaining conditions precedent to the offer detailed therein, to 12:00 on Wednesday, 7 November 2012.
30-Oct-2012
(Official Notice)
Italtile and Ceramic shareholders are referred to the joint announcements published by Ceramic and Italtile on SENS on Friday, 31 August 2012 and Monday, 1 October 2012 and to the circular distributed to Ceramic shareholders on Monday, 1 October 2012.



Rallen (Pty) Ltd. ("Rallen") and Italtile ("the Offerors") extended an offer ("the Offer") to acquire all or part of the ordinary shares held by Ceramic shareholders, other than Rallen, Rolrose Investments (Pty) Ltd., Mr GAM Ravazzotti and subsidiaries of Ceramic ("Independent Ceramic Shareholders"), in the issued share capital of Ceramic ("Target Shares") at a price of R130.00 per Target Share ("Offer Consideration"). The terms of the Offer are set out in the Circular.



Results of the General Meeting

Shareholders are advised that all of the resolutions proposed at the general meeting of Ceramic shareholders held today, Tuesday, 30 October 2012 were approved by the requisite majority of votes.



If the Offer becomes unconditional:

* Ceramic's ordinary shares will be delisted from the JSE;

* the rules of the company's two management share incentive schemes will be amended to address the impact of the Delisting on the beneficiaries of the schemes; and

* the amendments to the terms of the agreements between Ceramic and its black economic empowerment ("BEE") shareholders will be ratified to address the impact of the Delisting on such BEE shareholders.



Implementation of the Offer and the payment of the Offer Consideration

The implementation of the Offer and the payment of the Offer Consideration is subject to and is conditional upon the fulfilment or waiver, as the case may be, of the following remaining conditions precedent ("the Remaining Conditions Precedent"):

* Independent Ceramic Shareholders validly accepting the Offer in respect of 3 043 924 (15% of Ceramic?s issued share capital) of their Target Shares; and

* The issue by the Takeover Regulation Panel of a compliance certificate in relation to the Offer in accordance with section 121(b)(i) of the Companies Act, No. 71 of 2008, as amended.



The Offerors have extended the date for the fulfilment of the Remaining Conditions Precedent to 12:00 on Thursday, 7 November 2012. A further announcement in respect of the salient dates and times of the Offer and the Delisting will be published immediately following the fulfilment or waiver of the Remaining Conditions Precedent.
01-Oct-2012
(Official Notice)
28-Sep-2012
(Official Notice)
The company informed shareholders that the integrated annual report containing, inter alia, the audited consolidated annual financial statements for the year ended 30 June 2012 and the notice of AGM ("Annual Report") was distributed to shareholders on Friday, 28 September 2012.



No change statement

Shareholders are advised that the audited consolidated annual financial statements as contained in the Annual Report are unchanged from the reviewed preliminary results that were published on SENS on Wednesday, 15 August 2012.



Notice of AGM

The AGM will be held at Zenzele Park, cnr Likkewaan and Dr Vosloo Streets, Bartlett Ext 40, Boksburg, on Friday, 23 November 2012 at 11:00. Details of the proceedings and resolutions are contained in the aforementioned Annual Report.
31-Aug-2012
(Official Notice)
Italtile shareholders are referred to the joint announcement by Italtile and Ceramic published on SENS on Friday, 31 August 2012 and in the South African press on Monday, 3 September 2012 ("Joint Announcement") in which Ceramic shareholders were advised of the terms of a joint offer ("Offer") to be made by Italtile and Rallen (Pty) Ltd. ("Rallen") to shareholders of Ceramic (other than Rallen, its subsidiaries, GAM Ravazzotti and subsidiaries of Ceramic) ("the Independent Ceramic Shareholders"). Shareholders are referred to the Joint Announcement for the full terms and conditions of the Offer.



In terms of the Offer, Italtile will acquire a maximum of 20% of the total issued ordinary share capital of Ceramic in respect of which the Offer has been accepted ("the Acquisition") and, to the extent that valid acceptances of the Offer are received in respect of more than 20% of the issued ordinary share capital of Ceramic, Rallen will acquire such excess.



Purchase consideration

The purchase consideration in terms of the Offer is R130.00, in cash, for each Ceramic Share acquired. In the event that Italtile acquires 20% of the issued share capital of Ceramic, the maximum purchase consideration payable by Italtile will be R527 613 580.



Conditions precedent to the acquisition

Shareholders are referred to the Joint Announcement which sets out the conditions precedent to the posting of the circular relating to the Offer ("Joint Circular") and the implementation of the Offer.



Financial effects

Italtile's maximum investment in Ceramic for a 20% stake will amount to R527 613 580. The value of the net assets being acquired, as extracted from the published interim results of Ceramic for the six months ended 31 January 2012, is R249 612 200. If the Acquisition had taken place on 1 July 2011, the profit that Italtile would have equity accounted in respect of the Acquisition, for the 12 months from 1 February 2011 to 31 January 2012, amounts to R21.8 million. The pro forma effects of the Acquisition on Italtile?s statement of comprehensive income and statement of financial position for the year ended 30 June 2012 are less than 3% and, therefore, are not significant and have not been included in this announcement.
31-Aug-2012
(Official Notice)
Italtile shareholders were advised that the cautionary announcements relating to the Ceramic Industries Ltd. offer have been withdrawn.
31-Aug-2012
(Official Notice)
20-Aug-2012
(Official Notice)
Further to the dividend announcement that was incorporated in the preliminary profit announcement and reviewed group results for the year ended 30 June 2012 that was published on SENS on Wednesday, 15 August 2012, shareholders are hereby advised that the dividend will be subject to the new Dividends Tax that was introduced with effect from 1 April 2012. In accordance with paragraphs 11.17 (a) (i) to (x) and 11.17 (c) of the JSE Listings Requirements, the following additional information is provided:

*The dividend has been declared out of income reserves.

*The local dividend tax rate is 15% (fifteen percent).

*There are Secondary Tax on Companies ("STC") credits to be utilised to the amount of R11 453 399.62 or 1.10839 cents per share. No STC credits remain after this divided.

*The gross local dividend amount is 7.00 cents per share for shareholders exempt from the Dividends Tax.

*The net local dividend amount is 6.11626 cents per share for shareholders liable to pay the Dividend Tax.

*The local dividend withholding tax amount is 0.88374 cents per share for shareholders liable to pay the Dividend Tax.

*Italtile's income tax reference number is 9050182717.

*Italtile has 1 033 332 822 shares in issue including 26 290 909 shares held by the Share Incentive Trust and 88 000 000 shares held as BEE treasury shares.
15-Aug-2012
(C)
Turnover increased to R1.8 billion (R1.5 billion). Gross profit rose by 17% to R732 million (R626 million). Trading profit was up 17% to R523 million (R448 million). Net attributable profit increased to R378 million (R321 million). In addition, headline earnings per share grew 18% to 41c (34.6cps).



Dividend

A final ordinary dividend of 7cps has been declared.



Outlook

Competition in the group's Southern African and Australian markets will remain intense. In the short term, instability in European markets presents opportunities to source high quality fashionable product at affordable prices, and Italtile will leverage this potential. The group will continue to invest in technology, embracing greater use of web-based interaction and social media to ensure that its offering remains top of mind and within easy access of consumers.



Management's focus in the year ahead will be on capitalising on growth opportunities within the existing supply chain and store network. This will require intensified emphasis on containing overheads and enhancing innovation, training and service. Italtile's South African business should continue to grow at current rates in the forthcoming period. Management is satisfied that there is capacity in the local market to increase consumption of the group's merchandise, and accordingly, robust growth targets have been set for the year ahead. In contrast, expectations for the Australian market are more restrained.
14-Aug-2012
(Official Notice)
Italtile shareholders are advised that at the general meeting of shareholders held on Tuesday, 14 August 2012 ("meeting"), all the ordinary and special resolutions contained in the notice of general meeting and proposed at the meeting, were passed by the requisite majority of votes.
06-Aug-2012
(Official Notice)
Italtile is currently finalising its results for the year ended 30 June 2012. Shareholders are advised that the group's basic earnings per share and headline earnings per share are expected to be between 17% and 19% higher than the prior comparable period. Despite subdued building activity in the industry and competitive trading conditions, Italtile succeeded in increasing turnover of Group-owned stores and entities by 21% and gained market share across its brand portfolio comprising Italtile Retail, CTM and TopT.



Publication of results

The group's results for the year ended 30 June 2012 are expected to be published on SENS on 15 August 2012.
31-Jul-2012
(Official Notice)
Shareholders of Italtile and Ceramic INdustries Ltd. ("Ceramic") were advised to continue to exercise caution when dealing in their respective Italtile and Ceramic securities until an announcement reflecting the terms of the offer is published.
31-Jul-2012
(Official Notice)
03-Jul-2012
(Official Notice)
29-Jun-2012
(Official Notice)
Shareholders are advised to continue to exercise caution when dealing in their respective Italtile and Ceramic Industries Ltd. securities until an announcement reflecting the terms of the offer is published, which is expected to be by the end of July 2012.
29-Jun-2012
(Official Notice)
Italtile and Ceramic Industries Ltd. (''Ceramic'') shareholders (''shareholders'') were advised in cautionary announcements published on the Securities Exchange News Service of the JSE Ltd. (''JSE'') on Monday, 28 May 2012 that Italtile had expressed an interest in making an offer, subject to certain conditions precedent, to Ceramic shareholders other than Rallen (Pty) Ltd. (''Rallen'') to acquire between 15% and 20% of the issued share capital of Ceramic for a cash consideration of R130 per Ceramic share. Rallen is the majority shareholder of both Italtile and Ceramic.



Ceramic shareholders were advised that, should Italtile succeed, this would lead to a proposal to delist Ceramic from the exchange operated by the JSE. Ceramic shareholders were further advised that, in terms of the Listings Requirements of the JSE, Italtile had procured an undertaking from Rallen to join with Italtile in making an offer to all other Ceramic shareholders (''offer'') to facilitate the potential delisting of Ceramic. In terms of the offer, Italtile will acquire between 15% and 20% of the issued share capital of Ceramic and, to the extent that acceptances are in excess of 20% of the issued share capital of Ceramic, then Rallen will acquire such excess.



Joint update

Shareholders were advised that Italtile has completed a due diligence exercise on Ceramic to its satisfaction and can confirm that the price per Ceramic share at which the offer will be extended will not be adjusted as a result of any due diligence findings and will remain at R130 per Ceramic share. The Italtile board of directors and a committee of Ceramic directors independent of Italtile and Rallen are working towards finalising the terms of the offer and the conditions precedent.
28-May-2012
(Official Notice)
Shareholders were advised to exercise caution when dealing in the company's securities until a further announcement with regard to the proposed acquisition of Ceramic Industries Ltd. is published.
28-May-2012
(Official Notice)
Italtile shareholders were advised that the board of directors of Italtile ("the board") has submitted a conditional offer to the board of Ceramic Industries Ltd. ("CIL") in terms of which the company proposes to make an offer to acquire between 15% and 20% ("the proposal") of the issued share capital of CIL from CIL shareholders.



Rationale for the proposal

Italtile values its sound relationship with CIL and has a long history of purchasing tiles, sanitaryware and baths from CIL. In order to support Italtile's growth objectives, the Board would like to strengthen its relationship with CIL, as a key supplier to the company, through the acquisition by Italtile of a strategic shareholding in CIL.



Proposed consideration

The proposed consideration is R130 per CIL share, in cash.



Conditions precedent to the proposal

The proposal is subject to the following conditions precedent:

*the successful outcome of a due diligence exercise;

*the support of the CIL board to a transaction of this nature and to Italtile receiving some formal assurances that CIL will be in a position to support the growth strategies of Italtile, which includes receiving assurance of the continued involvement of the current management of CIL in that business; and

*to receiving the necessary regulatory and legislative approvals.
15-Feb-2012
(C)
Turnover increased to R946 million (R771 million). Gross profit rose by 16% to R331 million (R285 million). Trading profit was up 17% to R271 million (R231 million). Net attributable profit improved to R199 million (R165 million). In addition, headline earnings per share grew by 22% to 21.4c (17.6cps).



Dividend

An interim ordinary dividend of 7cps has been declared.



Outlook

Despite indications that the economic environment is likely to remain restrained over the forthcoming six months, the group is satisfied that growth is sustainable. This outlook is based on management's conviction that the market continues to afford expansion opportunities to determined retailers. Key focus will remain on improving the in-store shopping experience through enhanced innovation and service, intensified cost containment and inventory and range management.
01-Feb-2012
(Official Notice)
Italtile is currently finalising its results for the six months ended 31 December 2011. Accordingly, shareholders are advised that the group's basic earnings per share ("EPS") and headline earnings per share ("HEPS") are expected to be between 20% and 23% higher than the prior comparable period. Whilst trading conditions remained challenging, the group succeeded in increasing turnover of group-owned stores and entities by between 20% and 25% and gained market share across the brand portfolio. The group's results for the six months ended 31 December 2011 are expected to be published on SENS on 15 February 2012.
25-Nov-2011
(Official Notice)
Italtile shareholders are advised that at the annual general meeting of shareholders held on Friday, 25 November 2011 ("Meeting"), all the ordinary and special resolutions contained in the notice of annual general meeting and proposed at the Meeting, were passed by the requisite majority of votes.
06-Nov-2018
(X)
Italtile Ltd. headquartered in Bryanston, Johannesburg, is a leading retailer of tiles, bathroomware and related products in South?Africa.



Italtile retail stores

Situated on high-visibility sites, their comprehensive offerings position them as one-stop solution destinations, with ranges including ceramic and porcelain wall and floor tiles, sanitaryware, bathroom furniture, taps, fittings, laminated wooden flooring, home-finishing products and tools



Supply chain

Retail operations are supported by an integrated supply chain comprising:

*International Tap Distributors (ITD) - brassware and accessories

*Cedar Point Trading - tiling tools, laminated boards, shower enclosures, cabinets and accessories

*Distribution Centre - imported product, logistics and warehousing Support services



Support Services

IT, e-Commerce, human resources, finance/administration, marketing, internal audit



Property investment portfolio

Underpins the retail operation by locating stores on high profile, easily accessible sites and maintaining and upgrading premises to ensure an optimum shopping environment. Manufacturing operations comprise well-maintained state-of-the-art factories supplied with raw materials sourced from productive quarries in close proximity to the factories.



Manufacturing operations

*Ceramic Industries - Manufacturer of glazed porcelain floor tiles, ceramic wall and floor tiles, vitreous china sanitaryware and acrylic baths and shower trays

*Ezee Tile - Manufacturer of grout, adhesives, paint and related products
03-Oct-2011
(Official Notice)
The company hereby informs shareholders that the annual report containing, inter alia, the audited consolidated annual financial statements for the year ended 30 June 2011 and the notice of AGM ("annual report") was distributed to shareholders on 30 September 2011.



No change statement

Shareholders were advised that the consolidated audited results as contained in the annual report are unchanged from the reviewed preliminary results that were published on SENS on Monday, 29 August 2011.



Notice of AGM

The AGM will be held at 11:00 on Friday, 25 November 2011. Details of the proceedings and resolutions are contained in the aforementioned annual report.
30-Aug-2011
(C)
Turnover rose to R1.5 billion (R1.4 billion) and gross profit improved by 10% to R626 million (R570 million). Operating profit gained 15% to R448 million (R389 million), while profit attributable to ordinary shareholders jumped to R321 million (R273 million). Moreover, headline earnings per share showed a 5% increase to 34.6cps (33.1cps).



Dividend

The board has declared a final dividend (number 90) of 6cps



Prospects

The retail environment in South Africa will continue to face challenges presented by subdued trading conditions. The resultant constraints, together with new consumer spending behaviour and the likely advent of international players in the local market will serve to shape the future of the industry in this country. The period ahead will be focused on achieving the group's goal to be a world class low-cost retailer. Every effort will be directed to refining the business model to achieve an optimal balance of profitability and customer satisfaction. Management is satisfied that the Group is well positioned to take advantage of this changing landscape. In addition to its strong cash generating ability, Italtile's proven business model is underpinned by sound fundamentals including an established supply chain, a strong market reputation, powerful technology and talented people. Equally important, the company's commitment to innovating and adapting to meet challenges and opportunities will prove vital in achieving the group's ambitious growth targets.
01-Jul-2011
(Official Notice)
The board of directors of Italtile ("board") announced the appointments to the board of Mr Sybrand Gerhardus Pretorius as a non- executive director and member of the audit Committee and Mr Pierre Langenhoven as a non-executive director. Both appointments are effective as of 30 June 2011.
17-Feb-2011
(C)
Turnover for the interim period increased to R771 million (2009: R692 million), and gross profit increased by 9% to R285 million (2009: R261 million), while trading profit rose by 14% R231 million (2009: R202 million). Total comprehensive income attributable to equity shareholders soared to R166 million (2009: R143 million). Furthermore, headline earnings per share decreased by 2% to 17.6cps (2009: 17.9cps).



Dividend

The group has maintained its dividend cover of three times. The board has declared an interim dividend of 6cps (2009: 6cps).



Prospects

Improving the in-store shopping experience is a major driver for the group. Constant re-evaluation of the retail trading format is key to capitalising on growth opportunities and consequently the focus on range, service, systems and supplier relationships will continue to be re-examined and enhanced. Innovation and training will underpin this strategy. It is anticipated that growth in the global economy will remain subdued over the short to medium term. In South Africa the building and construction industry particularly will be subject to continued pressure. Notwithstanding this environment, the group is satisfied that growth at current levels can be maintained in the forthcoming six months.



Death of chief executive officer, Italtile colleagues, and business partners

On 09 February 2011, the board announced with great sadness the untimely death of Mr Gianpaolo Ravazzotti, chief executive officer of the group, and eight of his colleagues and business partners, namely Ms Gia Celori (Italtile Ltd), Ms Marilize Compion (Italtile Ltd), Mr Sava Di Bella (Prima Bella Bathroom Accessories), Mr Simon Hirschberg (Grainwave Pty Ltd), Mr Jody Jansen van Rensburg (CTM Alberton), Ms Aletsia Krause (Italtile Ltd), Ms Bronwyn Parsons (Pilot, Italtile Ltd), and Ms Alison van Staden (Co-pilot). Gianpaolo and his colleagues tragically passed away in an aeroplane accident on Tuesday, 08 February 2011 in the Robberg area near Plettenberg Bay. A full investigation is underway to determine the cause of the crash.
14-Feb-2011
(Official Notice)
Shareholders of Italtile are advised that, due to the untimely passing of Mr Gianpaolo Ravazzotti, Mr GAM Ravazzotti will, with immediate effect, take on the role as executive chairman for the Italtile Group. Mr Ravazzotti will be responsible for all management functions and, as such, will ensure that the day-to-day business affairs of the company are taken care of. Italtile's interim report will be released on SENS on Thursday, 17 February 2011, as planned.
09-Feb-2011
(Official Notice)
It is with great sadness that the Board of directors of Italtile Ltd ("the Board") announces the untimely death of Mr Gianpaolo Ravazzotti, Chief Executive Officer of the Group, and eight of his colleagues and business partners, namely Ms Gia Celori (Italtile Ltd), Ms Marilize Compion (Italtile Ltd), Mr Sava Di Bella (Prima Bella Bathroom Accessories), Mr Simon Hirschberg (Grainwave Pty Ltd), Mr Jody Jansen van Rensburg (CTM Alberton), Ms Aletsia Krause (Italtile Ltd), Ms Bronwyn Parsons (Pilot, Italtile Ltd), and Ms Alison van Staden (Co-pilot).



Gianpaolo Ravazzotti and his colleagues tragically passed away in an aeroplane accident on Tuesday, 08 February 2011. The wreckage of the aircraft has been located in the Robberg area and the bodies of all of the passengers have been found. A full investigation is underway to determine the cause of the crash. The Board will announce its succession plans in due course. This announcement is in compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited.

09-Feb-2011
(Official Notice)
The board of directors of Italtile Ltd has advised that the Group's company aeroplane, which was travelling between Queenstown and Plettenberg Bay, did not make its planned landing scheduled for 16h30 on Tuesday, 08 February 2011. Consequently, a full search and rescue operation was instituted. Rescue services have advised this morning, Wednesday, 09 February 2011, that wreckage, assumed to be the aircraft, has been found in the Robberg area. Final confirmation is awaited in this regard. Two crew and seven passengers were on board the flight. The names of the passengers will not be released until such time as their relatives have been notified. An announcement will be made as soon as further information becomes available.
21 Dec 2010 10:10:05
(Official Notice)
Shareholders are referred to the announcement published on SENS on 20 December 2010, regarding the purchase of securities by the Italtile Share Incentive Trust. The purchase was completed on-market.
26 Nov 2010 12:36:38
(Official Notice)
The board of directors of the company advise that, at the annual general meeting of shareholders held on Friday, 26 November 2010, all the ordinary and special resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolution authorising the company to repurchase its own shares will be lodged with the Companies and Intellectual Property Registration Office for registration.
06 Oct 2010 15:49:14
(Official Notice)
Notice is given that the 22nd annual general meeting of the shareholders of the company will be held at Zenzele Park, cnr Likkewaan and Dr Vosloo Street, Bartlett Ext 40, Boksburg, on Friday, 26 November 2010 at 11:00 to transact the business as stated in the notice of annual general meeting included in the annual report.



No change statement

The company published its consolidated preliminary reviewed results the year ended 30 June 2010 on 19 August 2010 and distributed its annual report to shareholders on 30 September 2010. No abridged version of the audited financial statements is being published as the financial information as published on 19 August 2010 was unchanged.
19 Aug 2010 08:05:39
(C)
The group has reported a 7% growth in system-wide turnover to R2.8 billion (R2.6 billion). Reported trading profit increased by 8% to R389 million (R361 million). Net attributable profit was up by 8% to R281 million (R260 million). In addition, headline earnings on a per share basis fell by 2% to 33.1cps (32.4cps).



Dividend

A final ordinary dividend of 5cps has been declared.



Outlook

Difficult trading conditions are expected to remain a challenge in the year ahead. Intensified competition is anticipated and greater innovation will be required to continue growing the group's market share. Management's priorities will be to leverage further efficiencies, and continue to improve the group's service offering and in-store shopping experience. The group's business is healthy and its brands are well positioned to capitalise on growth opportunities as the economy improves.
17 May 2010 13:01:58
(Official Notice)
Shareholders of Italtile are advised that Mr G K A Morolo has resigned as non- executive director of Italtile, effective 12 May 2010.
31 Mar 2010 18:32:45
(Official Notice)
Shareholders are advised that the results of the special dividend payment with the default being cash but with the option to elect an alternative of shares or a combination of shares and cash, declared by the board of directors of Italtile on 18 February 2010, are as follows:



Ratio for the issue of shares at 18.4615 shares

*for every 100 shares held -- 123 532 370 shares

*Cash dividend election -- 240 665 383 shares
18 Feb 2010 08:41:36
(C)
Revenue increased to R1.44 billion from R1.38 billion in 2009.Trading profit increased to R202 million (2008:R194 million). Profit attributable to ordinary shareholders increased to R143 million (R136 million). Headline earnings on a per share basis increased to 17.90cps (17.10cps).



Dividends per share

An interim dividend of 6cps was declared for the period under review.



Prospects

The group will invest in retail technologies to augment in-store trading systems aimed at improving operational efficiencies and enhancing the shopping experience. The economic environment is generally expected to remain challenging over the forthcoming period. It is difficult to forecast the impact of 2010 World Cup activities on trading in the next six months, and in particular in the months of June and July 2010. Notwithstanding this uncertain economic climate, the board believes that growth at current levels will be maintained for the forthcoming period.
27 Nov 2009 16:34:01
(Official Notice)
At the AGMof shareholders held on Friday, 27 November 2009, all the ordinary and special resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolution authorising the company to repurchase its own shares will be lodged with the Companies and Intellectual Property Registration Office.



Changes to the board

Furthermore, the board announces the following changes to the board effective from Friday, 27 November 2009:

*Mr Rabin and Mr Zannoni have retired from the board; and

*Ms Alessia Zannoni was duly appointed as a non-executive director.
30 Sep 2009 11:14:41
(Official Notice)
Shareholders are advised that the company published its reviewed consolidated provisional results for the year ended 30 June 2009 on 11 August 2009 and distributed its annual report to shareholders on 29 September 2009. The annual financial statements were audited by Ernst - Young Inc and their report is available for inspection at the company's registered office: The Italtile Building, cnr William Nicol Drive and Peter Place, Bryanston. The company will not publish an abridged version of the audited financial statements as the information published on 11 August 2009 was unchanged.



Notice is hereby given that the 21st annual general meeting of the shareholders of the company will be held at Zenzele Park, cnr Likewaan and Dr Vosloo Streets, Bartlett Ext 40, Boksburg, on Friday, 27 November 2009 at 09:00 to transact the business as stated in the notice of annual general meeting included in the annual report.
11 Aug 2009 08:18:30
(C)
Turnover decreased by 7% to R2.6 billion (R2.8 billion). Trading profit declined by 10% to R361 million (R399 million). Net attributable profit decreased to R257 million (R275 million). In addition, headline earnings on a per share basis fell by 6% to 32.4cps (34.4cps).



Dividend

A final ordinary dividend of 5cps has been declared.



Prospects

The trading environment will remain challenging for 2010. Management's challenge will be to retain and grow market share and ensure that the group is well positioned to capitalise as the economy recovers.
27 Jul 2009 08:24:10
(Official Notice)
Shareholders are advised that EPS for the twelve months ended 30 June 2009 are expected to be between 5% and 10% lower than the comparative period to 30 June 2008. The impact of the global economic downturn on consumer demand has been dramatic and sustained. Locally, reduced consumer discretionary spend has hampered the sector's performance and negatively affected the group's results. Whilst interest rates have declined steadily, the positive impact on consumer spending is unlikely to filter through for several months. The group was fortunate to have benefited from strategic alliances with local suppliers and from its position as the leading value player with well established brands. Trading conditions are anticipated to remain difficult. The group's continued strategic imperative will be on entrenching its market leadership position and capitalising on opportunities as the economy recovers. The group's results for the year ended 30 June 2009 are expected to be published on SENS on or about 11 August 2009.
11 Mar 2009 17:24:32
(Official Notice)
Ms Susanna Maria du Toit has been appointed as a non-executive director of Italtile, effective 6 March 2009.
09 Feb 2009 07:46:01
(C)
Turnover declined by 2% to R1.4 billion (R1.4 billion) and trading profit decreased by 7% to R194 million (R208 million). Net attributable profit declined to R136 million (R142 million). In addition, headline earnings per share fell by 2% to 17.1cps (17.5cps).



Dividend

An interim ordinary dividend of 6cps has been declared.



Prospects

The group will be unable to maintain the level of earnings for the full year, that were achieved in 2008.
03 Dec 2008 15:41:52
(Official Notice)
Shareholders are advised that Routledge Modise has resigned as company secretary of Italtile with effect from 1 January 2009. EJ Willis has been appointed as company secretary of Italtile with effect from 1 January 2009.
28 Nov 2008 11:28:41
(Official Notice)
The board of directors advise that, at the annual general meeting of shareholders held at the registered offices of the company on Friday, 28 November 2008, all the ordinary resolutions proposed thereat were duly passed by the requisite majority of votes.
20 Oct 2008 15:12:24
(Official Notice)
Notice is hereby given that the 20th annual general meeting of the shareholders of the company will be held in the boardroom, Italtile Building, corner William Nicol Drive and Peter Place, Bryanston, on Friday, 28 November 2008 at 08:30 to transact the business as stated in the notice of annual general meeting included in the annual report.



The company published its consolidated reviewed provisional results the year ended 30 June 2007 on 11 August 2008 and distributed its annual report to shareholders on 30 September 2008. No abridged version of the audited financial statements is being published as the financial information as published on 11 August 2008 was unchanged.
12 Aug 2008 07:24:52
(C)
The group reported a 7% increase in system-wide turnover to R2.77 billion (2007: R2.58 billion). Price inflation was limited to 1.5%, reflecting real growth of 6% from the existing store network, as the group consolidated its market advantages and held back on price increases to benefit consumers. Reported trading profit increased by 2% to R399 million (2007: R393 million), which includes a once-off IFRS cost of R25 million associated with the IFRS 2 (Share based payments) expense of the transaction. Excluding the impact of this transaction reflects a normalised increase of 7.9% in trading profit. Increased financing costs of R14 million (2007: R2 million) resulted largely from property related borrowings.



Dividends

The board has declared a final dividend of 8 cents per share (2007: 6.1 cents), which together with the interim ordinary dividend of 4 cents, produces a total ordinary dividend declared for the year of 12 cents (2007: 11.4 cents), an improvement of 5.3%.



Prospects

Despite trading conditions which are expected to remain difficult in the coming year, the board anticipates that profitability will be maintained at current levels.
14 Mar 2008 16:22:17
(Official Notice)
Shareholders of Italtile are hereby advised that Barnard Jacobs Mellet Corporate Finance (Pty) Ltd has been appointed as Sponsor to Italtile on the JSE, effective 17 March 2008.
13 Feb 2008 08:13:27
(C)
Italtile reported a 7% increase in system wide turnover to R1.4 billion (R1.3 billion), showing 6% real growth from its existing store network as price inflation was contained to less than 1%. Trading profit, which rose by 12% to R208 million (R185 million), reflected the benefits of the group's ongoing focus on efficiencies. Profit for the year attributable to ordinary shareholders was up 9% to R142 million (R126 million). In addition, headline earnings on a per share basis grew 11% to 17.5cps (15.8cps).



Dividend

Interim dividend (number 83) of 4cps has been declared.



Prospects

The group expects demand to continue slowing as a result of the present uncertainty in the South African economy. While projections in the current environment are difficult, the board anticipates a lower rate of revenue growth for the full year.
24 Jul 2006 10:40:18
(Official Notice)
Italtile expects to announce an improvement in profit before tax of between 20% and 24% for the year ended 30 June 2006. Earnings per share and headline earnings per share will reflect an improvement of between 19% and 22% over the prior comparative period. The company's results for the year ended 30 June 2006 are expected to be published on SENS on or about 7 August 2006.
08 Feb 2006 09:10:09
(C)
System wide turnover for the group improved 20% to R1.19 billion (R997 million). Group-owned stores (including joint-ventured franchises) contributed R657 million (R522 million), while franchised stores delivered income of R535 million (R475 million) on which the group earns royalty income. Trading profit rose 27% to R153 million ( R120 million) and income attributable to ordinary shareholders rose to R105.8 million (R86.8 million). Headline earnings per share improved 20% to 558.5c (466.8c), adversely affected by the reduction in the group's treasury shares by means of share incentive scheme participants exercising a significant number of options during the reporting period, and the increased effective tax rate of 33.8%, resulting from Secondary Tax on Company applied in the review period on the special dividend declared in August 2005.



Dividend

An interim dividend of 140cps has been declared, an improvement of 27.3% (110cps).



Prospects

Stable interest rates, fiscal stimulation of the economy and positive retail sentiment would continue to drive growth of the industry, whilst simultaneously promoting intense competition between suppliers. Enhancements in logistics, product range, service and price would remain focus areas in the forthcoming period. The board is satisfied that the current earnings growth trend would be maintained over the next six months.
02 Feb 2006 11:10:35
(Official Notice)
Italtile announced that Gian-Paolo Ravazzotti would assume the position of chief executive officer. Gianni Ravazzotti, would resume his former role as group executive chairman. Derek Rabin, would relinquish his position and resume his previous role as non-executive director of the group. Christian Trumpelmann, chief operating officer of CTM and an executive director, elected to take up a franchising opportunity within the group and would resign his positions on 01 April 2006.
25 Jan 2006 08:30:01
(Official Notice)
Italtile expects to announce an improvement in Profit before Tax of between 25% and 28% for the six months ended 31 December 2005. Earnings per share and headline earnings per share will reflect an improvement of between 19% and 21% over the prior comparative period, adversely impacted by the reduction in the company's treasury shares, and the increased effective tax rate of 33.8%, resulting from STC applied in the review period on the special dividend declared in August 2005, related to the prior reporting period.



The company traded strongly in a buoyant retail environment. Having successfully accomplished the evolution from niche tile merchant to specialist home enhancement fashion retailer offering a comprehensive range of both tiling and bathware products, the company's performance was positively impacted by the enhanced scope, which has broadened the group's target market and promoted margin growth. Capitalising on its dominant position in a growing industry, the company benefited from continued robust activity in the new residential and renovation markets, an expanding and receptive consumer base, and strong loyalty to the company's CTM and Italtile brands.



The company's results for the six months ended 31 December 2005 are expected to be released on 08 February 2006.

02 Dec 2005 12:11:10
(Official Notice)
Shareholders are advised that, at the annual general meeting, all the resolutions were passed by the requisite majority of shareholders.
30 Sep 2005 11:05:15
(Official Notice)
Further to Italtile"s audited results for the year ended 30 June 2005, published on 15 August 2005, the annual report was posted today. The annual report contains no modifications to the aforementioned published audited results.



Annual general meeting

The annual general meeting of the members of Italtile will be held at 09h30 on Friday, 2 December 2005 at the Boardroom, Italtile Building, corner William Nicol Drive and Peter Place, Bryanston.



Changes to the board

G F Cousins, a non-executive director of Italtile, will be spending a significant amount of time in pursuit of new off shore business interests and has therefore decided not to stand for re-election at the annual general meeting of Italtile and will resign as a director of Italtile with effect from 2 December 2005. Mr S I Gama, currently an Italtile independent non-executive director, will succeed Mr Cousins as chairman of the audit committee.
21 Sep 2005 12:39:51
(Media Comment)
According to Business Report, the competition tribunal has fined Italtile R2 million for price-fixing after finding that the company was setting central prices.

15 Sep 2005 14:49:16
(Media Comment)
Finance 24 has reported that Italtile has agreed to pay a R2m penalty after the Competition Commission found the company guilty of contravening the Competition Act.
15 Aug 2005 07:32:56
(C)
01 Aug 2005 08:27:28
(Official Notice)
Italtile expects to announce an improvement in earnings per share and headline earnings per share for the year ended 30 June 2005 of between 25% and 28%, over that of the prior comparative period. Earnings were positively impacted by a favourable macro economic environment which continues to drive the sustained surge in the new residential and renovation markets, the widespread appeal of the group`s CTM and Italtile brands, and growth of the economically influential emerging middle class. Shareholders are advised that the above information has not been reviewed or reported on by Italtile`s external auditors. The company`s results for the year ended 30 June 2005 are expected to be published on 16 August 2005.

01 Jul 2005 16:46:53
(Official Notice)
Routledge Modise Moss Morris has been appointed as company secretary with effect from 1 July 2005 to succeed Peter David Swatton.
04 Aug 2004 09:17:00
(C)
Italtile`s turnover improved 6.7% to R799.9 million (R749.2 million), while trading profit grew 24% to R213.9 million (R172.4 million). Headline earnings increased 24% to R151 million (122 million). Contrary to conventional trading patterns, performance in the second six months of the review year outstripped that of the first, which traditionally encompasses the greatest amount of promotional activity. The group`s strategy to maintain and grow market share through a meaningful reduction in average selling prices continues. The upsurge in trading activity is a reflection of sustained consumer confidence, the anticipation that interest rates would remain low, the continued strong residential property boom, and the exponential growth of the renovation market as new property prices escalated. A significant growth driver was the strong performance delivered by the group`s empowered franchises, which now contribute more than 15% to turnover.



Net asset value strengthened to 2915cps (2274cps).



Prospects

Sustained rand strength will continue to foster new entrants into the market with a resultant short term over-supply of imported product. The competitive landscape will thus be characterised by deflationary price pressures for the foreseeable future. The group will continue to focus its energies on maintaining price competitiveness, a low overhead base, a strong cash position and optimal working capital levels. Current growth levels are expected to be maintained.



The board has declared a final ordinary dividend of 90 cents per share, which together with the interim ordinary dividend of 70cents produces a total ordinary dividend declared for the year of 160 cents (130 cents), an improvement of 23%.





Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Best in 800x600 with IE6 or Mozilla Firefox