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16-Nov-2018
(Official Notice)
Shareholders are referred to the audited results for the year ended 30 June 2018 released on 5 November 2018 and are advised that the company?s Integrated Annual Report for the year ended 30 June 2018, containing the unmodified annual financial statements and notice of annual general meeting has been distributed today, 16 November 2018.



Included in the Integrated Annual Report is a notice of Annual General Meeting of shareholders which will be held in the company?s boardroom, Jasco Office Park, Corner Alexandra Avenue and Second Street, Midrand, on 20 December 2018, at 11:00, to transact the business as stated in the notice of the Annual General Meeting.



The Integrated Annual Report is available on the company website: www.jasco.co.za.
08-Nov-2018
(Official Notice)
Shareholders are referred to the group?s Audited Results for the year to June 2018 released on SENS on Monday, 5 November 2018, which advised that the group has approached the JSE for the lifting of the voluntary suspension of the group?s securities.



Shareholders are further referred to the announcement released on SENS on Thursday, 8 November 2018 detailing the reportable irregularities (which are no longer occurring), the Emphasis of matter paragraph included in the Independent Auditor?s Report and the fact that the full Annual Financial Statements are available on the Company?s website.



Subsequent to the above announcements, the suspension of the trading in Jasco?s securities will be lifted after 14h00.
08-Nov-2018
(Official Notice)
05-Nov-2018
(C)
23-Oct-2018
(Official Notice)
Shareholders are referred to the announcements released on SENS on Thursday, 27 September 2018 and Monday, 1 October 2018, relating to Jasco?s provisional audited summarised results and dividend declaration for the year ended 30 June 2018, and the subsequent retraction of that announcement, respectively.



The dividend declaration data and dates were withdrawn with the retraction announcement and updated dividend declaration data and dates will be published in due course.
01-Oct-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on Thursday, 27 September 2018 disclosing Jasco?s provisional audited summarised results and dividend declaration for the year ended 30 June 2018. Unfortunately, the company erroneously referred to the results being ?audited? in the announcement. Certain financial disclosures in the Notes to the Annual Financial Statements for the year ended 30 June 2018 (?AFS?), which are only of a technical nature, were not completed at the time of publishing on 27 September 2018. The Company regrets any inconvenience this error has created.



Although the group believes that the updated, final AFS will not reflect any changes to the profits and earnings as disclosed in the summarised financial statements that were released on 27 September 2018, the Board has decided to act prudently and retract these results. The notes will be finalised with the auditors expeditiously and released to the market as soon as possible.



Accordingly, the Company has applied to the JSE, in terms of paragraph 1.10 of the JSE Listings Requirements, for the voluntary suspension of the listing of its securities, with immediate effect, until the updated AFS are re-published on SENS.



We further note that there were no trades in the Jasco shares on Thursday, 27 September and Friday, 28 September 2018, and that no- one acted to their detriment, on the June 2018 results as announced.
27-Sep-2018
(C)
Revenue for the year increased 10.2% to R1.150 billion (2017: R1.044 billion), gross profit climbed to R362 million (2017: R315.7 million), operating profit jumped 28.1% to R53.7 million (2017: R41.9 million), profit attributable to ordinary shareholders of the parent rose 8.9% to R8.8 million (2017: R8.1 million), while headline earnings per share grew by 8% to 2.7 cents per share (2017: 2.5 cents per share).



Dividend

Jasco's board declared a dividend of 1 cent per share.



Group prospects

To counter South Africa's low growth environment, Jasco will continue to execute its strategy and focus on the following additional key areas:

- Reduce financial gearing over the next financial year through continued cash generation from operations;

- Continue with targeted opportunities in Africa by leveraging off the established base in Kenya and the new local partnership;

- Ensure a return to acceptable and sustainable profitability levels in the Power and Renewables and Datavoice businesses;

- Drive regional growth in the Western Cape, KwaZulu-Natal and the Eastern Cape;

- Add to Jasco's products and services portfolio, with an emphasis on services in the form of managed solutions;

- Target large corporate and public (SOE) entities with the full portfolio; and

- Continue the transformation of Jasco, with employment equity and skills development a priority.



Following Jasco's delivery of profitable results, enabled by the more efficient group structure, the group's focus will be on executing on its strategy and improving earnings in the short-term.



Changes to the board

There were a number of changes to the board during the year under review. Mr AMF da Silva retired as the CEO on 30 June 2018 and was appointed as a non-executive director on 1 July 2018. Mr MJ van Vuuren joined the board on 1 July 2018 as the chief executive officer. The board expresses its gratitude to Mr da Silva for the hard work in turning the group around and welcomes Mr van Vuuren in his new role. Mr JC Farrant, the lead independent non-executive director, will retire from the board on 31 October 2018 after 21 years of service.
01-Jun-2018
(Official Notice)
Shareholders are referred to the detailed terms announcement by AfroCentric Investment Corporation Ltd. (?AfroCentric?) released on SENS today, 1 June 2018 and are advised that on 30 May 2018 (?Signature Date?), AfroCentric concluded the sale of shares agreement with CIH Projects No 8 (Pty) Ltd. (?CIH Projects?), a wholly owned subsidiary of Community Investment Holdings (Pty) Ltd. (?CIH?), in terms of which AfroCentric will dispose of its 44 263 793 ordinary shares in the issued share capital of Jasco to CIH Projects (?the Disposal?), for a Purchase consideration of R32 000 000 (?the Agreement?).



The Disposal

The Disposal will result in AfroCentric?s shareholding in Jasco reducing to 0% and CIH?s direct and indirect shareholding increasing to 31.95%.



The Disposal will result in additional cash resources that will be employed by AfroCentric to enhance organic growth in its healthcare business segments.



The Disposal is subject to conditions precedent that are normal with a transaction of this nature and the effective date of the Disposal shall be 1 June 2018.



The relevant announcements in accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Ltd. Listings Requirements, will be released on SENS and the required notices from the above named parties in terms of section 122(3)(a) of the Act, will be filed with the Takeover Regulation Panel in due course.
04-May-2018
(Official Notice)
Shareholders are advised that after seven years at the helm of the Group, current Chief Executive Officer (?CEO?) Pete da Silva will take up the position of a Non-Executive Director on the Board following the successful implementation of the group?s restructure in line with the Board?s objectives. Mark van Vuuren, the current Chief Operating Officer (?COO?), will be appointed as CEO with effect from 1 July 2018.



Succession planning has been in place over the last few years to ensure leadership continuity within the senior management team. Mark has worked closely with Pete in preparation over the last 18 months. He has been with Jasco for the last ten years, firstly as managing director of Jasco ICT Solutions and then as COO since late 2013. Mark has also been on the group?s executive committee since 2012. As part of management development, Mark has attended the Jasco Board meetings by invitation over the last 18 months. Prior to Jasco, Mark was the COO at Nokia Siemens Networks and also founded his own company in the ICT industry. The Board is confident that Mark will successfully drive the Group's growth strategy and wishes him well for the future.



Pete will continue to contribute to the Group on the Jasco Board in his new role as a Non-Executive Director to ensure a smooth transition and to assist the Group with its future growth and funding strategy.
16-Apr-2018
(Official Notice)
Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that PwC Inc. (?PwC?) have been appointed as external auditors, with Mr Brett Humphreys as designated audit partner for the current financial year ending 30 June 2018, replacing Ernst - Young Incorporated with immediate effect.



The change in audit firm was initiated by the Company and is due to the impending mandatory audit firm rotation. As such, the Company requested proposals for the 2018 audit of the Company from other audit firms. The Audit and Risk Committee of the Company concluded that the services of EY as auditors should be terminated in order to align with the budget which the Company had set aside for audit services.
02-Mar-2018
(Official Notice)
23-Feb-2018
(Official Notice)
Shareholders are advised that Jasco has entered into a sale of shares agreement (?Transaction Agreement?) with Sudant Investments CC, Mr Lindsay Welham and Mr Quinton Ramsay (?the Vendors?) and Ramm Technologies (Pty) Ltd. (?Ramm?). In terms of the Transaction Agreement, Jasco will acquire 51% of Ramm for a maximum aggregate purchase price of R30.6 million (?the Transaction?).



Sale of Shares and Shareholding

Jasco will acquire 51% of the total issued share capital in Ramm from the Vendors. The remaining shares, held by the Vendors, will remain unchanged. The management team and founder will stay in place, with retention agreements for a minimum of three years.



The Purchase Consideration

The purchase price of the Vendors? 51% shareholding in Ramm is calculated as R30 600 000 (?the Purchase Consideration?). The Purchase Consideration will be settled in cash in the following tranches:

- an initial payment of R15 300 000;

- a second payment of R15 300 000, following the completion of the audited 15-month period ending 31 May 2018.



Suspensive Conditions

The conclusion of the Transaction is subject to the fulfilment or waiver of certain suspensive conditions, which include, but are not limited to:

- delivery by the Vendors of written proof that the counterparties to key supplier and customer agreements have consented to the transaction contemplated in the sale of shares and claims agreement and to the change of control of Ramm; and

- any other suspensive conditions, as may be necessary in relation to the Transaction.



The Transaction Agreement contains legal warranties and indemnities which are considered normal in respect of a transaction of this nature.



Effective date

The Transaction Agreement is effective as of 1 March 2018. All the suspensive conditions must be met by no later than 30 April 2018. Failing this, the Transaction Agreement will be of no force and effect.
19-Feb-2018
(Official Notice)
Jasco has publicly released its unaudited interim results for the period ending December 2017.



The interim results are available on the Jasco Electronics website http://www.jasco.co.za/Investor-Relations-Financial-Reports/interim-results and at the Jasco Electronics registered office at Cnr Alexandra Avenue and 2nd Street, Midrand, 1685 South Africa.
12-Feb-2018
(C)
Revenue for the interim period increased by 6.9% to R557.2 million (2016: R521.1 million), operating profit before interest and taxation lowered by 0.7% to R29.9 million (2016: R30.1 million). Profit attributable to equity holders of the parent dropped by 67.5% to R4.6 million (2016: R14.1 million). Furthermore, headline earnings per share fell by 81.5% to 1.2 cents per share (2016: 6.3 cents per share).



Group prospects

As outlined, the group continues to operate against difficult economic and market conditions in all its markets. The extreme exchange rate volatility in South Africa also made trading more difficult. The risk of a credit ratings downgrade of South Africa's sovereign debt by the major credit ratings agencies is high and the International Monetary Fund has reduced the forecast economic growth rates for the country to less than one percent.



To counter this, Jasco will continue to execute its strategy and concentrate on the following additional key areas:

-Maintain its focus on costs and ensure a continued improvement in sustainable profitability levels in all business units, as well as review the head office cost base;

-Maintain the financial gearing at less than 50% from the cash generated by Jasco's operations;

*Ongoing expansion into East Africa by leveraging off the base established in Kenya. Reassess the viability of the base in the United Arab Emirates and the markets in the Middle East and North Africa;

*Add new products and services to Jasco's portfolio, with an emphasis on Managed Solutions as a fast-growing and higher-margin business area;

*Evaluate bolt-on acquisitions to ensure smaller businesses achieve the required critical mass to remain competitive; and

*Continued increase in transformation.



Jasco's primary focus in the short-term will therefore remain on delivering sustained profits through a combination of organic growth and carefully targeted acquisitions in key growth areas.



Shareholders are advised that any forward-looking information or statements contained in this announcement have not been reviewed or reported on by Jasco's independent auditors.



01-Feb-2018
(Official Notice)
02-Nov-2017
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held on Wednesday, 1 November 2017, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 29 September 2017, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



Details of the results of voting at the annual general meeting are as follows:

*Total number of issued ordinary shares: 229 319 191

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 226 911 957

*Total number of issued ordinary shares which were present/represented at the annual general meeting: 154 836 426 being 68.24% of the Total Votable Ordinary Shares.

02-Oct-2017
(Official Notice)
Jasco Electronics Holdings Ltd. (Registration number 1987/003293/06) has publicly released its Audited Annual Financial Statements for the full year ended June 2017. The Annual Financial Statements is available on the Jasco Electronics website http://www.jasco.co.za/Investor-Relations-Financial-Reports/annual-results and at the Jasco Electronics registered office at Cnr Alexandra Avenue and 2nd Street, Midrand, 1685 South Africa.
29-Sep-2017
(Official Notice)
Shareholders are referred to the audited results and dividend declaration announcement for the year ended 30 June 2017 released on 13 September 2017 and are advised that the company?s integrated annual report for the year ended 30 June 2017, containing the unmodified annual financial statements and notice of annual general meeting has been distributed.



Included in the integrated annual report was a notice of annual general meeting of shareholders which will be held in the company?s boardroom, Jasco Office Park, Corner Alexandra Avenue and Second Street, Midrand, on 1 November 2017, at 14:00, to transact the business as stated in the notice of the annual general meeting posted to shareholders on 29 September 2017.



The record date, for purposes of determining which shareholders are entitled to receive the notice of annual general meeting, was Friday, 15 September 2017.



The last day to trade and the record date, in order for shareholders to be eligible to participate in and vote at the annual general meeting, are 17 October 2016 and 20 October 2017, respectively.



The integrated annual report can be found on the company website: www.jasco.co.za

13-Sep-2017
(C)
Revenue for the year decreased by 3.0% to R1.0 billion (R1.1 billion) and operating profit before interest and taxation improved by 0.6% to R41.9 million (R41.7 million). Profit attributable to ordinary shareholders dipped 42.7% to R8.1 million (R14.2 million). In addition, headline earnings per share took a 61% knock to 2.5 cents per share (6.3 cents per share).



Dividend

Jasco's board is pleased to declare a dividend of 1 cent per share.



Group prospects

The current economic climate is expected to prevail throughout 2018, which will continue to impact results.



Against tough conditions, Jasco will continue to execute its strategy and focus on the following additional key areas over the next six to 18 months:

* Maintain its focus on costs and ensure a return to acceptable and sustainable profitability levels in the Enterprise business

* Maintain financial gearing at less than 50% from the cash generated by Jasco's operations

* Further expand into the rest of Africa by leveraging off the established base in Kenya and the recently-established base in the Middle East

* Evaluate acquisitions to ensure that smaller businesses achieve the required critical mass, as well as continue to investigate the exiting of non-core manufacturing

* Continue the transformation of Jasco, with black ownership, employment equity and skills development a key priority to maintain the group's broad-based black economic empowerment rating
01-Sep-2017
(Official Notice)
During the year ended 30 June 2017, the group operated in continued adverse trading conditions in South Africa, with low economic growth and a volatile Rand. These market conditions particularly impacted the second half of the financial year.



Based on these conditions, revenue will be between 1% and 5% lower and operating profit maintained at the same level as the previous corresponding period.



A number of once-off items had a particularly negative impact on earnings and headline earnings. These included:

*Exiting unprofitable Security customer contracts and the resultant retrenchments

*Investments in the group?s international operations in the newly-established Middle East and further business development costs in East Africa

*Transaction costs on two acquisitions, with a particular impact from the unsuccessful Cross Fire acquisition

*A material tax impact due to unutilised foreign tax credits and non-deductible acquisition costs.



These costs, as well as the tough market conditions, therefore resulted in:



Earnings per share (?EPS?) for the year ended 30 June 2017 to be between 38% and 48% lower (between 3.3 cents and 3.9 cents per share) compared to 6.3 cents per share for the previous corresponding period.



Headline earnings per share (?HEPS?) to be between 56% and 66% lower (between 2.1 cents and 2.8 cents per share) compared to the 6.3 cents per share for the previous corresponding period. The weighted average number of shares in issue for the period increased from 224 615 586 to 226 911 957 due to the vesting of shares issued by the Jasco Share Incentive Trust.



In line with commitments to the markets, the gearing level improved to 47% on the further reduction of debt following the accelerated receipt of the M-TEC sale proceeds. The information in this trading statement has not been reviewed or reported on by the company?s external auditors.



Shareholders are further advised that Jasco?s audited annual results for the year ended 30 June 2017 will be announced on 13 September 2017.



02-Aug-2017
(Official Notice)
Shareholders are hereby advised that Mr Neo Modisakeng has been appointed as Jasco?s company secretary, with effect from 1 August 2017.



01-Aug-2017
(Official Notice)
Shareholders are referred to the SENS announcements published on 22 March 2017, 1 June 2017 and 3 July 2017, wherein shareholders were advised that Jasco had entered into a sale of shares agreement (?Transaction Agreement?) with John Henry Cross (?the Vendor?) and Cross Fire Management (Pty) Ltd. (?Cross Fire?). In terms of the Transaction Agreement, Jasco proposed to acquire 65.4% of Cross Fire for a maximum aggregate purchase price of R52.3 million (?the Transaction?).



Competition commission ruling

On 3 July 2017 shareholders were advised of the Competition Commission?s decision to prohibit the merger transaction on the basis that, in their view, the merger will result in a substantial prevention or lessening of competition in the market for active fire protection services, particularly in the Western Cape and Gauteng regions. Jasco still does not share this view held by the Competition Commission. After careful deliberation, both Cross Fire and the Group has decided not to appeal the decision by referring it to the Competition Tribunal for reconsideration.



Suspensive conditions

The approval of the merger transaction by the Competition Commission was a material suspensive condition and as was previously announced, the date for all the suspensive conditions to be met was extended to 31 July 2017. Consequently, given that not all the suspensive conditions were met, the Transaction is regrettably terminated.
03-Jul-2017
(Official Notice)
Shareholders are referred to the SENS announcements published on 22 March 2017 and 1 June 2017, wherein shareholders were advised that Jasco had entered into a sale of shares agreement (?Transaction Agreement?) with John Henry Cross (?the Vendor?) and Cross Fire Management (Pty) Ltd. (?Cross Fire?). In terms of the Transaction Agreement, Jasco proposed to acquire 65.4% of Cross Fire for a maximum aggregate purchase price of R52.3 million (?the Transaction?).



Competition Commission ruling

The Competition Commission announced their decision to prohibit the merger transaction, and in their view, found that the merger will result in a substantial prevention or lessening of competition in the market for active fire protection services, particularly in the Western Cape and Gauteng regions.



The Group does not share the views of the Competition Commission and might appeal the decision for reconsideration by the Competition Tribunal.



Suspensive conditions

The approval of the merger transaction by the Competition Commission is a material suspensive condition. As announced previously, the date for all the suspensive conditions to be met was extended to 31 July 2017.





21-Jun-2017
(Official Notice)
Shareholders are hereby advised that Mr Thapelo Petje and Mrs Samantha Samuels have been appointed as executive directors of Jasco with effect from 19 June 2017. Both Thapelo and Samantha have been members of Jasco?s executive committee since 2011 and 2012 respectively.
21-Jun-2017
(Official Notice)
Shareholders are advised that Mr Thapelo Petje and Mrs Samantha Samuels have been appointed as executive directors of Jasco with effect from 19 June 2017. Both Thapelo and Samantha have been members of Jasco?s executive committee since 2011 and 2012 respectively.
01-Jun-2017
(Official Notice)
Shareholders are referred to the SENS announcement released on 22 March 2017 whereby Jasco advised that it has entered into a sale of shares agreement (?Transaction Agreement?) with John Henry Cross (?the Vendor?) and Cross Fire Management (Pty) Ltd (?Cross Fire?). In terms of the Transaction Agreement, Jasco will acquire 65.4% of Cross Fire for a maximum aggregate purchase price of R52.3 million (?the Transaction?).



Addendum to transaction agreement

Shareholders are further advised that the Transaction Agreement has been amended by the extension of the date at which all suspensive conditions must be met from 31 May 2017 to 31 July 2017.

01-Jun-2017
(Official Notice)
Shareholders are referred to the detailed terms announcement released on SENS on 25 May 2017 advising shareholders that Jasco has entered into a sale of shares agreement (?Transaction Agreement?) with Mr. Greg Wilson and Mr. David Robinson (?the Vendors?) and Reflex Solutions (Pty) Ltd. (?Reflex?). In terms of the Transaction Agreement, Jasco will acquire 51% of Reflex for a maximum aggregate purchase price of R39.78 million (?the Transaction?). The conclusion of the Transaction was subject to the fulfilment or waiver of certain suspensive conditions, which include, but are not limited to:

- delivery by the Vendors, to Jasco, of written proof that the counterparties to key supplier and customer agreements have consented to the transaction contemplated in the sale of shares and claims agreement and to the change of control of Reflex; and

- any other suspensive conditions, as may be necessary in relation to the Transaction.



Shareholders are advised that the suspensive conditions to the Transaction have been met and accordingly, the Transaction is now unconditional in accordance with the terms of the Transaction Agreement.
29-May-2017
(Official Notice)
Jasco refers to the request for consent dated 24 April 2017 (the Consent Request) delivered by the Issuer to each holder of Notes (the Noteholders) issued under the Issuer's ZAR750,000,000 Domestic Medium Term Note Programme (the Programme) pursuant to the section headed "Terms and Conditions of the Notes" (the Terms and Conditions) in the programme memorandum dated 4 November 2013 (the Programme Memorandum), in accordance with Condition 19 (Notices) of the Terms and Conditions for the purposes of obtaining the Noteholders' written consent to amend and restate the Existing Applicable Pricing Supplement (as defined therein) in order to, amongst others, extend the Maturity Date from 31 January 2018 to 31 January 2019 and to further make consequential changes to the Applicable Pricing Supplements relating to the Notes.



Jasco confirmed that 100% of all Noteholders consented in favour of the proposed amendments which will be set out in the relevant Amended and Restated Applicable Pricing Supplement which will be made available on the Issuer's website at www.jasco.co.za
25-May-2017
(Official Notice)
25-Apr-2017
(Official Notice)
04-Apr-2017
(Official Notice)
Shareholders advised that Sekretari (Pty) Ltd., represented by CD Du Plessis, has resigned as Group Company Secretary with effect from 1 April 2017. The Board is considering the appointment of a new company secretary and expects to announce the details thereof in due course. In the interim, the CFO, Mr Warren Prinsloo, has been appointed as the acting Company Secretary.
22-Mar-2017
(Official Notice)
14-Feb-2017
(C)
Revenue for the interim period decreased by 6.6% to R521.1 million (2015: R558.1 million), operating profit before interest and taxation remained stable at R30.1 million (2015: R30.1 million), profit attributable to equityholders of the parent was 9.8% higher at R14.1 million (2015: R12.9 million), while headline earnings per share grew 10.5% to 6.34 cents per share (2015: 5.74 cents per share).



Group prospects

As outlined, the group currently operates against difficult South African economic and market conditions. The dramatic exchange rate volatility during the period made trading more difficult. Higher than targeted inflation levels, together with the risk of interest rate increases by the South African Reserve Bank, will remain in 2017 and will subdue economic growth. To counter this, Jasco will continue to execute its strategy and concentrate on the following key areas:

- Limit the financial gearing to a maximum of 50%

- Continued increase in transformation, as outlined above

- Ongoing expansion into the rest of Africa by leveraging off the solid base established in Kenya

- Penetrate the Middle East and North Africa markets from the recently-established base in the United Arab Emirates

- Add new products and services to Jasco's portfolio, with an emphasis on Managed Solutions

- Evaluate bolt-on acquisitions to ensure smaller businesses achieve the required critical mass



Jasco's primary focus in the short-term will remain on delivering sustained profits through a combination of organic growth and carefully targeted acquisitions in key growth areas.
31-Jan-2017
(Official Notice)
02-Dec-2016
(Official Notice)
Shareholders are hereby advised that Miss Thandeka Pamela Zondi has been appointed as an independent non- executive director of Jasco and a member of the Audit and Risk Committee, with effect from 1 January 2017.
01-Dec-2016
(Official Notice)
Shareholders are hereby advised that Mrs. Pumla Fundiswa Radebe has been appointed as an independent non- executive director of Jasco, Chairman of the Social and Ethics Committee, and a member of the Audit and Risk Committee, with effect from 1 January 2017.
03-Nov-2016
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held on Wednesday, 2 November 2016, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 30 September 2016, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
02-Nov-2016
(Official Notice)
Shareholders are referred to all previous related announcements including the detailed terms announcement released on SENS on 17 July 2015, the subsequent announcement released on 14 September 2015, the results of general meeting announcement released on 10 November 2015 and the update announcements released on 18 March 2016 and 9 May 2016, respectively.



The aforementioned announcements relate to the agreement entered into between Jasco Cables Investments (Pty) Ltd.?s (?Jasco Cables?), a wholly owned subsidiary of Jasco, Community Investment Holdings (Pty) Ltd. (?CIH?), a related party, and Malesela Holdings No.1 (Pty) Ltd. (?MH1?), a wholly owned subsidiary of CIH, in terms of which, MH1 will acquire Jasco Cables? 51.1% shareholding in Malesela Taihan Electric Cable (Pty) Ltd. (?M-TEC?) for an aggregate purchase price of R60 million (the ?Transaction?).



In the update announcement released on SENS on 9 May 2016 shareholders were advised that the first tranche payment of R20 million has been received in terms of the provisions set out in the Transaction agreement.



Jasco would hereby like to inform shareholders that the balance of purchase price of R40 million has been received in terms of the provisions set out in the Transaction agreement.
02-Nov-2016
(Official Notice)
Shareholders are hereby advised that, Mr. Haroon Moolla, an independent non-executive director of Jasco has resigned, with effect from 1 November 2016.
03-Oct-2016
(Official Notice)
Shareholders are referred to the audited results and dividend declaration announcement for the year ended 30 June 2016 released on 26 September 2016 and are advised that the company?s Integrated Report for the year ended 30 June 2016, containing the unmodified annual financial statements and notice of annual general meeting has been distributed.



Included in the Integrated Report was a notice of Annual General Meeting of shareholders which will be held in the company?s boardroom, Jasco Office Park, Corner Alexandra Avenue and Second Street, Midrand, on 2 November 2016, at 14:00, to transact the business as stated in the notice of the Annual General Meeting posted to shareholders on 30 September 2016.



The record date, for purposes of determining which shareholders are entitled to receive the notice of Annual General Meeting, was Friday, 16 September 2016.



The last day to trade and the record date, in order for shareholders to be eligible to participate in and vote at the Annual General Meeting, are 18 October 2016 and 21 October 2016, respectively.



The Integrated Report can be found on the company website: www.jasco.co.za

30-Sep-2016
(Official Notice)
Jasco has publicly released its Audited Annual Financial Statements for the full year ended June 2016.



The Annual Financial Statements is available on the Jasco Electronics website http://www.jasco.co.za/Investor-Relations-Financial-Reports/annual-results and at the Jasco Electronics registered office at Cnr Alexandra Avenue and 2nd Street, Midrand, 1685 South Africa.
26-Sep-2016
(C)
Revenue lowered by 4.2% to R1.08 billion (R1.12 billion). Operating profit before interest and taxation came in at R41.7 million (loss of R72.5 million). Profit attributable to ordinary shareholders turned around to R14.2 million (loss of R83.3 million). In addition, headline earnings per share jumped 163.5% to 6.3 cents per share (2.4 cents per share).



Dividend

Jasco's board declared a dividend of 2 cents per share, after four years of no dividends.



Group prospects

The current economic climate is expected to prevail throughout 2017. To mitigate this, Jasco will continue to execute its strategy and focus on the following key areas:

- Maintain its focus on costs and ensure a return to acceptable and sustainable profitability levels in the Enterprise business

- Reduce financial gearing to less than 50% by utilising the expected proceeds from the M-TEC disposal and cash generated by Jasco's operations

- Continue the transformation of Jasco, with black ownership, employment equity and skills development a key priority, and improve the group's broad-based black economic empowerment rating.

- Continue the expansion into the rest of Africa by leveraging off the recently established base in Kenya

- Establish a presence in the UAE based on current customer geographic expansion with a particular focus on Renewable Energy in the Middle East market

- Evaluate bolt-on acquisitions to ensure smaller businesses achieve the required critical mass
14-Sep-2016
(Official Notice)
Shareholders are hereby advised that, after 40 years of service and dedication, Sir John Alfred Sherry, founding member and non-executive director of Jasco is retiring, with effect from 13 September 2016.





16-Aug-2016
(Official Notice)
During the year ended 30 June 2016, the group operated in adverse trading conditions in South Africa, with low economic growth alongside a volatile Rand. The exchange rate volatility resulted in a significant unrealised foreign exchange loss at 30 June 2016.



Although these market conditions negatively impacted the second half of the financial year, Jasco advises shareholders that earnings per share (?EPS?) for the year ended 30 June 2016 will be between 106% and 126% higher (between 2.3 cents and 10.1 cents per share) compared to the loss of 38.7 cents per share for the previous corresponding period.Headline earnings per share (?HEPS?) will be between 154% and 174% higher (between 6.1 cents and 6.5 cents per share) compared to the 2.4 cents per share for the previous corresponding period.



The weighted average number of shares in issue for the period increased from 215 154 751 to 224 615 586. Jasco issued 10.9 million shares in the general issue of 28 April 2015, which had a full weighting in the current period versus a partial weighting in the previous period. This negatively impacted EPS and HEPS in the current financial year by 4%.



The initial R20 million proceeds from the M-TEC sale were used for the repayment of long term debt. In line with commitments to the markets, the gearing level significantly improved. The information in this trading statement has not been reviewed or reported on by the company?s external auditors. Shareholders are further advised that Jasco?s audited annual results for the year ended 30 June 2016 will be announced on or about 26 September 2016.

09-May-2016
(Official Notice)
Shareholders are referred to all previous related announcements including the detailed terms announcement released on SENS on 17 July 2015, the subsequent announcement released on 14 September 2015, the results of general meeting announcement released on 10 November 2015 and the update on conditions precedent announcement released on 18 March 2016.



The aforementioned announcements relate to the agreement entered into between Jasco Cables Investments (Pty) Ltd?s (?Jasco Cables?), a wholly owned subsidiary of Jasco, Community Investment Holdings (Pty) Ltd (?CIH?), a related party, and Malesela Holdings No.1 (Pty) Ltd (?MH1?), a wholly owned subsidiary of CIH, in terms of which, MH1 will acquire Jasco Cables? 51.1% shareholding in Malesela Taihan Electric Cable (Pty) Ltd (?M-TEC?) for an aggregate purchase price of R60 million (the ?Transaction?).



In the update announcement released on SENS on 18 March 2016 shareholders were advised that all outstanding conditions precedent have been fulfilled or waived and accordingly the Transaction has become unconditional with the effective date of the Transaction being 1 May 2016.



In terms of the Transaction agreement Jasco Cables will be paid in the following manner:

*R20 million will be paid on the effective date of 1 May 2016; and

*R40 million will be paid through monthly instalments of capital and interest over the repayment period commencing 1 November 2016 and ending 31 May 2019.



Jasco would hereby like to inform shareholders that the first tranche payment of R20 million has been received in terms of the provisions set out in the Transaction agreement.



23-Mar-2016
(Official Notice)
Following a request by the company for a FTSE/JSE sector classification review, Jasco shareholders are hereby advised that the company will be reclassified from:

* Electronic - Electrical Equipment (ICB subsector code 2733), to

* Software - Computer Services (ICB subsector code 9533)



It is Jasco?s view that given the completion of its extensive strategic restructuring programme and the recent conclusion of the M-TEC disposal, the Software - Computer Services classification represents a more accurate description of the Group?s business activities.



The change is effective from 22 March 2016.
18-Mar-2016
(Official Notice)
Shareholders are referred to the detailed terms announcement released on SENS on 17 July 2015, the subsequent announcement released on 14 September 2015 and the results of general meeting announcement released on 10 November 2015, relating to the agreement entered into between Jasco Cables Investments Pty Ltd?s (?Jasco Cables?), a wholly owned subsidiary of Jasco, Community Investment Holdings Pty Ltd (?CIH?), a related party, and Malesela Holdings No.1 Pty Ltd (?MH1?), a wholly owned subsidiary of CIH, in terms of which, MH1 will acquire Jasco Cables? 51.1% shareholding in Malesela Taihan Electric Cable Pty Ltd (?M-TEC?) for an aggregate purchase price of R60 million (the ?Transaction?).



The trading update released on SENS on 13 January 2016, advised the market that the Competition Commission approval was still outstanding and that was expected in the near future. Shareholders are hereby advised that all the conditions precedent to the Transaction have either been fulfilled or waived, as the case may be.



The following conditions precedent prolonged the completion of the Transaction:

*Competition Commission approval, which was received on 29 February 2016; and

*Acknowledgment from Investec Bank acknowledging the sellers interests in the CIH shares, which was waived on 17 March 2016.



Accordingly, the Transaction is now unconditional in accordance with the terms of the Transaction agreement and the effective date will be 1 May 2016. The effective date was delayed between the parties as the conditions precedent listed above took longer than expected to complete.

10-Feb-2016
(C)
20-Jan-2016
(Official Notice)
Jasco refer shareholders to the trading statement issued on 13 January 2016. The company announced that the group?s Carrier and Enterprise divisions achieved a stronger than anticipated result and upon further review, additional guidance is to be provided through a revised trading statement.



Jasco therefore advises that, for the six months ended 31 December 2015, the company expects:

* Revenue growth for the six months to 31 December 2015 will be between 8% and 13% higher than the previous corresponding period.

* Operating profit for the six months to 31 December 2015 will be between 279% and 299% higher than the previous corresponding period.

* Earnings per share (?EPS?) to be between 800% and 820% higher (between 5.67 cents and 5.80 cents per share) compared to the 0.63 cents per share for the previous corresponding period.

* Headline earnings per share (?HEPS?) to be between 783% and 803% higher (between 5.74 cents and 5.87 cents per share) than the 0.65 cents per share for the previous corresponding period.



The weighted average number of shares in issue for the period increased from 214 269 855 to 224 189 816 due to a full weighting of past share issues in the current period. There have been no shares issued since the previous financial year ended 30 June 2015.



Shareholders are further advised that Jasco?s unaudited interim results for the six months ended 31 December 2015 will be announced on 10 February 2016.
19-Jan-2016
(Official Notice)
Jasco Electronics Holdings Ltd (Registration number 1987/003293/06) has publicly released its Audited Annual Financial Statements for the full year ended June 2015. The Annual Financial Statements is available on the Jasco Electronics website http://www.jasco.co.za/Investor-Relations-Financial-Reports/integrated-annual-report and at the Jasco Electronics registered office at Cnr Alexandra Avenue and 2nd Road, Midrand, 1685 South Africa.



13-Jan-2016
(Official Notice)
In spite of difficult economic conditions in South Africa and severe volatility in the rate of exchange during the period, Jasco?s first half performance was pleasing, with the full impact of the restructure benefits flowing through.

Jasco therefore advises that, for the six months ended 31 December 2015, the company expects:

*Revenue growth for the six months to 31 December 2015 will be between 8% and 13% higher than the previous corresponding period

*Operating profit for the six months to 31 December 2015 will be between 265% and 285% higher than the previous corresponding period

*Earnings per share (?EPS?) to be between 760% and 780% higher (between 5,42 cents and 5,55 cents per share) compared to the 0,63 cents per share for the previous corresponding period,

*Headline earnings per share (?HEPS?) to be between 730% and 750% higher (between 5,40 cents and 5,53 cents per share) than the 0,65 cents per share for the previous corresponding period.



The weighted average number of shares in issue for the period increased from 214 269 855 to 223 997 016 due to a full weighting of past share issues in the current period. There have been no shares issued since the previous financial year ended 30 June 2015.



M-TEC

The group sold its 51% shareholding in its associate, M-TEC, as disclosed to shareholders previously in 2015. The final suspensive condition, being approval from the Competition Authorities, is the only outstanding item. This is expected in the near future.



Conclusion

As committed the new look Jasco has returned to profitability and is well positioned to negotiate the challenging economic conditions expected to continue during 2016.



The information in this trading statement has not been reviewed or reported on by the company?s external auditors.



Shareholders are further advised that Jasco?s unaudited interim results for the six months ended 31 December 2015 will be announced on 10 February 2016.





11-Nov-2015
(Official Notice)
Shareholders are hereby advised that at the general meeting of shareholders of the company held on Tuesday, 10 November 2015, all the proposed ordinary and special resolutions, as set out in the circular to shareholders posted on 12 October 2015, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



Details of the results of voting at the general meeting are as follows:

*Total number of issued ordinary shares: 229 319 191

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 223 997 016

*Total number of issued ordinary shares which were present/represented at the general meeting: 136 365 040 being 60.88% of the Total Votable Ordinary Shares.



The special resolution will be lodged with the Companies and Intellectual Property Commission, if relevant, in due course.
11-Nov-2015
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held on Tuesday, 10 November 2015, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 30 September 2015, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



Details of the results of voting at the annual general meeting are as follows:

*Total number of issued ordinary shares: 229 319 191

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 223 997 016

*Total number of issued ordinary shares which were present/represented at the annual general meeting: 163 747 025 being 73.10% of the Total Votable Ordinary Shares.



The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission in due course.
12-Oct-2015
(Official Notice)
Shareholders are referred to the detailed terms announcement released on SENS on 17 July 2015, as well as the follow up announcement released on 14 September 2015 which advised that Jasco, had entered into a heads of agreement with Jasco Cables Investments (Pty) Ltd.?s (?Jasco Cables?), a wholly owned subsidiary of Jasco, Community Investment Holdings (Pty) Ltd. (?CIH?), a related party, and Malesela Holdings No.1 (Pty) Ltd. (?MH1?), a wholly owned subsidiary of CIH, in terms of which, MH1 will acquire Jasco Cables? 51.1% shareholding in Malesela Taihan Electric Cable (Pty) Ltd. (?M-TEC?) for an aggregate purchase price of R60 million (the ?Transaction?), in line with the valuation and fairness report prepared by an independent expert.



Shareholders are advised that the circular to shareholders was posted on 12 October 2015. Included in the circular is a notice of general meeting of shareholders which will be held in the company?s boardroom, Jasco Office Park, Corner Alexandra Avenue and Second Street, Midrand, on 10 November 2015, at 15:30, to transact the business as stated in the notice of the general meeting.



The record date, for purposes of determining which shareholders are entitled to receive the notice of general meeting, was Friday, 2 October 2015. The last day to trade and the record date, in order for shareholders to be eligible to participate in and vote at the general meeting, are 23 October 2015 and 30 October 2015, respectively. The circular to shareholders can be found on the company website: www.jasco.co.za
30-Sep-2015
(Official Notice)
Shareholders are advised that the company?s Integrated Report for the year ended 30 June 2015 was posted today. The audited annual financial statements set out therein are unchanged from the condensed audited results which were released on SENS on 17 September 2015.



Included in the Integrated Report is a notice of Annual General Meeting of shareholders which will be held in the company?s boardroom, Jasco Office Park, Corner Alexandra Avenue and Second Street, Midrand, on 10 November 2015, at 14:00, to transact the business as stated in the notice of the Annual General Meeting posted to shareholders on 30 September 2015.



The record date, for purposes of determining which shareholders are entitled to receive the notice of Annual General Meeting, was Friday, 18 September 2015. The last day to trade and the record date, in order for shareholders to be eligible to participate in and vote at the Annual General Meeting, are 23 October 2015 and 30 October 2015, respectively.



The Integrated Report can be found on the company website: www.jasco.co.za

17-Sep-2015
(C)
Revenue for the year climbed 7.7% to R1.1 billion (2014: R1 billion). Loss for the year came in at R82.8 million (2014: profit of R6.6 million), loss attributable to equity holders of the parent was recorded at R83.3 million (2014: profit of R5.4 million), while headline earnings per share came in at 2.4cps (2014: 0.6cps).



Prospects

To counter the challenging economic and market conditions Jasco will continue to execute its strategy and focus on the following areas; in addition to the key internal initiatives:

*Complete the exit from M-TEC

*Continue the expansion in Africa by leveraging off the recently established base in Kenya

*Drive regional growth in Western Cape, KwaZulu-Natal and the Eastern Cape

*Add to Jasco's products and services portfolio, with an emphasis on services in the form of Managed Solutions

*Expand our renewable energy portfolio

*Continue the transformation of Jasco, with employment equity and skills development a priority



Jasco's main focus in the short term will be on delivering profitable results enabled by the more efficient group structure. In terms of fulfilling the Jasco strategy, Jasco concluded partnerships with various multinationals that are considered leaders in their respective industries, such as energy, smart buildings and water management. On the latter, we are particularly excited, as we have always planned to position Jasco as a solutions provider in certain key industries, starting with ICT, Energy and now water management. We believe that water is a strategic resource and that our solutions offering will aid the industry and at the same time introduce a new source of sustainable revenue for the group.
14-Sep-2015
(Official Notice)
Shareholders are referred to the detailed terms announcement released on SENS on 17 July 2015, which advised that Jasco, had entered into a heads of agreement with Jasco Cables Investments (Pty) Ltd.?s (?Jasco Cables?), a wholly owned subsidiary of Jasco, Community Investment Holdings (Pty) Ltd. (?CIH?), a related party, and Malesela Holdings No.1 (Pty) Ltd. (?MH1?), a wholly owned subsidiary of CIH, in terms of which, MH1 will acquire Jasco Cables? 51.1% shareholding in Malesela Taihan Electric Cable (Pty) Ltd. (?M-TEC?) for an aggregate purchase price of R60 million (the ?Transaction?), in line with the valuation and fairness report prepared by an independent expert.



Shareholders are hereby advised that the binding memorandum of agreement, which was to be concluded by 30 November 2015, was executed by the parties on Friday, 11 September 2015. There is no change to the previously disclosed detailed terms or suspensive conditions. As announced on 17 July 2015, the Transaction constitutes a category 1 disposal to a related party for Jasco in terms of the Listings Requirements of the JSE Ltd.. The Transaction is therefore subject to Jasco shareholder approval and a circular will be issued to shareholders in due course.
08-Sep-2015
(Official Notice)
Shareholders are hereby advised that Mr Dewald Dempers resigned as non-executive director with effect from 31 August 2015. The Group was notified of Mr Dempers? resignation on 7 September 2015.
25-Aug-2015
(Official Notice)
31-Jul-2015
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., shareholders are hereby advised that Sekretari (Pty) Ltd., represented by CD du Plessis, has been appointed as Company Secretary with effect from 1 August 2015.
17-Jul-2015
(Official Notice)
02-Jul-2015
(Official Notice)
Shareholders are hereby advised that the Company is currently in the advanced stages of negotiations with a related party regarding the disinvestment by Jasco of its interest in Malesela Taihan Electric Cable (Pty) Ltd. (?M- TEC?). If these negotiations are successfully concluded, it may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a further announcement is made on SENS.
24-Apr-2015
(Official Notice)
Shareholders are advised that Jasco have issued 10 919 961 ordinary shares for cash at a share price of 55 cents each to TMM Holdings (Pty) Ltd. (?TMM Holdings?), under general authority, to reduce outstanding group borrowings. The subscription price represents a discount of 9.8% to the 30 trading day VWAP of Jasco shares up to and including 8 April 2015, which was the day preceding the date that the general issue of shares for cash was agreed.



TMM Holdings is a public shareholder in terms of the Listings Requirements of the JSE Ltd. and its beneficial interest in the ordinary shares of Jasco as a result of the general issue of shares for cash amounts to 4.76%. The general issue of shares for cash will decrease the outstanding borrowings in the company and contribute to the future sustainability of Jasco by improving the solvency and liquidity ratios.
27-Feb-2015
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Mr Warren Prinsloo, the Group Chief Financial Officer, has been appointed as interim Group Company Secretary with effect from 1 February 2015.



As previously announced on SENS, the Board is considering the services of a new outsourced secretarial service provider and is underway with the process.

16-Feb-2015
(C)
05-Feb-2015
(Official Notice)
29-Jan-2015
(Official Notice)
Shareholders are advised that the JSE Ltd. has granted a R100 million listing to Jasco on the Interest Rate Market with effect from 30 January 2015 under its R750 million Domestic Medium Term Note Programme dated 04 November 2013, and are referred to the announcement released on SENS, earlier today under stock code JAS01, containing the details of the Domestic Medium Term Note Programme.



The audited results for the year ended 30 June 2014, released on SENS on 17 September 2014, stated that the R90 million preference shares owing to AfroCentric Investment Corporation Ltd. (?AfroCentric?) were reclassified from long term back into the current category, due to Jasco?s intention to redeem or replace the preference shares on or after 31 December 2014.



The preference shares were allotted on 23 May 2008 to AfroCentric by Jasco Cables Investments (Pty) Ltd. and were indirectly secured by the group?s investment in Malesela-Taihan Electric Cable (Pty) Ltd. (?M-Tec?).



The R100 million raised with the listing will be used to redeem the R90 million preference shares in full.
06-Jan-2015
(Official Notice)
Shareholders are advised that Ms Shireen Lutchan has resigned as Group Company Secretary with effect from 2 January 2015. The Board is considering the services of a new outsourced secretarial service provider and expects to announce the details thereof shortly.
31-Oct-2014
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held on Friday, 31 October 2014, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 30 September 2014, were passed by the requisite majority of shareholders present and voting, in person or by proxy.

14-Oct-2014
(Official Notice)
Shareholders were advised that Ms Morongwe Malebye has resigned as non-executive director from the board with effect from 15 October 2014.
30-Sep-2014
(Official Notice)
Shareholders are advised that the company?s Integrated Report for the year ended 30 June 2014 was posted today. The audited annual financial statements set out therein are unchanged from the condensed audited results which were released on SENS on 17 September 2014.



Included in the Integrated Report is a notice of Annual General Meeting of shareholders which will be held in the company's boardroom, Jasco Office Park,Corner Alexandra Avenue and Second Street, Midrand, on 31 October 2014, at 11:00, to transact the business as stated in the notice of the Annual General Meeting to be posted to shareholders on or about 30 September 2014.



The record date, for purposes of determining which shareholders are entitled to receive the notice of Annual General Meeting, was Friday, 19 September 2014. The last day to trade and the record date, in order for shareholders to be eligible to participate in and vote at the Annual General Meeting, are 17 October 2014 and 24 October 2014, respectively.



The Integrated Report can be found on the company website: www.jasco.co.za

17-Sep-2014
(C)
29-Aug-2014
(Official Notice)
01-Jul-2014
(Official Notice)
Shareholders are hereby advised that Mr Shaheen Bawa was appointed as a non- executive director with effect from 1 July 2014.
12-Jun-2014
(Official Notice)
18-Feb-2014
(C)
24-Jan-2014
(Official Notice)
21-Jan-2014
(Official Notice)
21-Jan-2014
(Official Notice)
Shareholders were referred to the finalisation announcement released on SENS on 5 December 2013 and the circular to Jasco ordinary shareholders dated 13 December 2013 relating to the Jasco rights offer ("rights offer"). In terms of the rights offer, a total of 72 000 000 Jasco ordinary shares ("rights offer shares") in the authorised, but unissued share capital of Jasco, were offered for subscription to qualifying Jasco ordinary shareholders through renounceable rights. The subscription price was 80 cents per Jasco ordinary share on the basis of 49.181 rights offer shares for every 100 existing Jasco ordinary shares held at the close of trade on the record date of the rights offer.



The rights offer closed on Friday, 17 January 2014. The company received excess applications from Jasco ordinary shareholders for 1 484 371 rights offer shares representing 2.06% of the total rights offer. In terms of the rights offer, the rights of the respective underwriters shall rank before any/all excess applications are determined. Accordingly, based on an equitable basis, 494 868 or 33.34% of excess applications were allocated to qualifying Jasco shareholders. In total the company raised R57.6 million and introduced a strategic shareholder at the same time. The rights offer shares were allotted and the funds received by Jasco on 21 January 2014
20-Jan-2014
(Official Notice)
Shareholders were advised that Mr Dewald Dempers was appointed as a non-executive director with effect from 16 January 2014.
20-Dec-2013
(Official Notice)
Shareholders were referred to the cautionary announcement published 30 August 2013 and the subsequent renewal of cautionary announcement published 14 October and 25 November 2013. Shareholders are hereby advised that the company's discussions with Taihan Electric Wire Co. Ltd. of Korea, ("Taihan"), the other shareholder in Malesela Taihan Electric Cable (Pty) Ltd. ("M-TEC") regarding a process for the disinvestment by Jasco of its interest in M-TEC, have been delayed due to unexpected executive management changes at Taihan. Accordingly, shareholders are advised that caution is no longer required to be exercised by shareholders when dealing in the company's securities and the cautionary announcement is hereby withdrawn. Furthermore shareholders will be advised as the position develops.
05-Dec-2013
(Official Notice)
28-Nov-2013
(Official Notice)
25-Nov-2013
(Official Notice)
Shareholders are referred to the cautionary announcement published 30 August 2013 and the subsequent renewal of cautionary announcement published 14 October 2013 and are advised that negotiations are still in progress with Taihan Electric Wire Co. Ltd. of Korea, ("Taihan"), the other shareholder in Malesela Taihan Electric Cable (Pty) Ltd. ("M-TEC") which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.
22-Nov-2013
(Official Notice)
Shareholders were referred to the announcement published on SENS on 18 September 2013, whereby shareholders were advised that Jasco is seeking to raise new capital from existing shareholders by way of a renounceable rights offer. The Jasco Board is pleased to announce a rights offer of 72 million ordinary shares at 80 cents per share amounting to R57.6 million (before expenses). Jasco is entering the final year of its three-year restructuring programme and has made significant progress thus far, with the latest year being one of strong corrective action.



Particulars of rights offer

*Gross amount raised -- R57 600 000

*Ratio -- 49.181 shares for every 100 Jasco shares held

*Issue price -- 80 cents per rights offer share

*Listing -- Application will be made for a listing of the 72 000 000 rights offer shares on the JSE

*Excess applications -- Shareholders are permitted to apply for shares in excess of their entitlement



Conditions precedent

The proposed rights offer is conditional upon the approval by the JSE Limited of the required documentation so as to implement the rights offer.



Further update on rights issue

Shareholders are hereby advised that further announcements will be made on SENS in this regard together with the salient dates of the proposed rights offer.
30-Oct-2013
(Official Notice)
Shareholders are hereby advised that the annual general meeting of shareholders of the company was held today Wednesday, 30 October 2013 at the registered office of the company.



It is noted that all ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 30 September 2013, were passed by the requisite majority of shareholders present and voting, in person or by proxy, with the exception of the following two resolutions:

*Special Resolution number 3, general authority to repurchase issued shares, which was withdrawn; and

*Special Resolution number 4, financial assistance for subscription of securities, which did not receive the requisite majority of votes.



The relevant special resolutions will be lodged with the Companies and Intellectual Property Commission.
14-Oct-2013
(Official Notice)
Shareholders were referred to the cautionary announcement dated 30 August 2013 and are advised that negotiations are still in progress with Taihan Electric Wire Co. Ltd. of Korea, ("Taihan"), the other shareholder in Malesela Taihan Electric Cable (Pty) Ltd. ("M-TEC") which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.
30-Sep-2013
(Official Notice)
Shareholders are hereby advised that the company`s Integrated Annual Report, incorporating the Summarised Audited Financial Statements for the year ended 30 June 2013, was posted to Jasco shareholders today, Monday, 30 September 2013 and contains no modification to the abridged audited consolidated results published on the Stock Exchange News Service of the JSE Limited on Wednesday, 18 September 2013.



Notice is hereby given to the shareholders of Jasco as at Friday, 20 September 2013, being the record date to receive notice of the annual general meeting in terms of section 59(1)(a) of the Companies Act, that the annual general meeting will be held at Jasco Office Park, Corner of Alexandra Avenue and Second Road, Midrand, Gauteng on Wednesday, 30 October 2013 at 11h00 to transact the business as stated in the notice of the annual general meeting forming part of the Integrated Annual Report posted to shareholders, which meeting is to be participated in and voted at by shareholders registered as such on Friday, 25 October 2013.



The Integrated Annual Report, Summarised Audited Financial Statements and the Notice to shareholders can be found on the company website: www.jasco.co.za.

18-Sep-2013
(C)
30-Aug-2013
(Official Notice)
Jasco has concluded the second year of its three-year restructuring programme. The majority of the operational businesses performed in line with expectations, with good revenue and profit growth. However, the consolidated results for the year to 30 June 2013 are mainly impacted by the following areas:

*The underperformance from Jasco's associate M-TEC, now categorised as "Held for Sale".

*The disposal of the Lighting Structures' business in December 2012.

*The underperformance of the Telecommunications Structures' business, now categorised as "Held for Sale".

*The cost of corrective actions to exit these three businesses.

*The expected short term costs relating to the group's restructuring programme.



Jasco therefore advises that for the year ended 30 June 2013, the company expects:

*A loss per share of between 76.3 cents and 79.4 cents compared to the 15.6 cents earnings per share ("EPS") for the previous financial year.

*Headline earnings per share ("HEPS") to be between a loss of 1.3 cents and a profit of 2.0 cents per share compared to the 16.8 cents per share for the previous financial year.



Conclusion

The corrective actions taken in this set of results are in line with the group's three-year restructuring programme. The execution of Jasco's growth strategy is evident in the strong revenue performance achieved and the new base set will allow a greater focus on improving the quality of earnings and ensuring the sustainability thereof in its core businesses. Shareholders are advised that Jasco's audited abridged results will be announced on 18 September 2013.
30-Aug-2013
(Official Notice)
Shareholders are hereby advised that the Company is in discussions with Taihan Electric Wire Co. Ltd. of Korea, ("Taihan"), the other shareholder in Malesela Taihan Electric Cable (Pty) Ltd. ("M-TEC") regarding a process for the disinvestment by Jasco of its interest in M-TEC, which if successfully concluded may have a material effect on the price of the Company's securities.



Shareholders are reminded that in terms of the announcement published by Jasco on SENS on 22 August 2013, Jasco's R100 million preference share redemption obligation to AfroCentric Investment Corporation Ltd. ("AfroCentric") was extended for redemption until 31 December 2014. This extended redemption date is however subject to change in the event that Jasco disposes of its investment in M-TEC at any time prior to the redemption date. Under such circumstances, Jasco is required in the first instance, to apply the proceeds received from the disposal of M-TEC to redeem the Afrocentric preference shares in full. Given the security structure in place for the redemption of the Afrocentric preference shares, the approval of Afrocentric is required for any agreement for the disposal by Jasco of its investment in M-TEC. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made on SENS.
22-Aug-2013
(Official Notice)
Shareholders were referred to the Preference Share Subscription Agreement entered into between AfroCentric, Jasco and Jasco Cables Investments (Pty) Ltd. ("Jasco Cables") on 31 March 2008 and the Put Option Agreement entered into between AfroCentric and Jasco on 31 March 2008 with the annexures thereto ("the Subscription Agreement") which contains the terms and conditions of AfroCentric's preference share investment in Jasco Cables.



Extension of Afrocentric preference shares

Shareholders are advised that the parties have agreed to the extension of the redemption date by which the R100 million AfroCentric preference shares need to be redeemed. This will be reviewed on an annual basis. The implication of this extension is that the liability arising from the AfroCentric preference share will be classified as a long term liability in the financial results of Jasco for the year ended 30 June 2013. The Jasco Board of Directors extend their thanks to the AfroCentric Board of Directors for the continuing support.
05-Jul-2013
(Official Notice)
Shareholders are referred to the announcement published on SENS and in the press dated 22 October 2012 and the subsequent SENS announcement on 21 May 2013, whereby shareholders were advised inter alia that all resolutions necessary to approve the disposal by Jasco of its head office property ("Midrand Property") to Genesis Properties (Pty) Ltd. ("GenProps") had been passed with the requisite majority and that all conditions precedent have subsequently been fulfilled, subject to the transfer of the Midrand Property by the Deeds Office.



Transfer of the Midrand property

Shareholders are advised that the transfer of the Midrand Property has been completed and the disposal is therefore effective.
21-May-2013
(Official Notice)
Shareholders are referred to the announcement published on SENS and in the press dated 22 October 2012, whereby shareholders were advised inter alia that all resolutions necessary to approve the disposal by Jasco of its head office property ("Midrand Property") to Genesis Properties (Pty) Ltd. ("GenProps") had been passed with the requisite majority.



Conditions precedent

Shareholders are hereby advised that all the conditions precedent to enable the transfer of the Midrand Property to GenProps have been fulfilled. Accordingly, transfer of the Midrand Property and the commensurate payment of the purchase consideration to Jasco is expected to occur by the end of June 2013. A further announcement will be made on SENS in that regard.
07-Feb-2013
(C)
01-Feb-2013
(Official Notice)
Jasco advised that for the six months ended 31 December 2012, the company expects:

* Earnings per share ("EPS") to be between 55% and 60% higher (between 9.9 cents and 10.2 cents per share) than the 6.4 cents per share for the previous corresponding period.

* Headline earnings per share ("HEPS") to be between 25% and 30% lower (between 4.8 cents and 5.2 cents per share) than the 6.9 cents per share for the previous corresponding period.



While the group's core businesses performed satisfactorily, adverse market conditions severely impacted the performance of Lighting Structures and M-TEC, which reduced overall group profitability. With effect from 1 December 2012 Lighting Structures was sold to Jasco's international partner in this business.



The difference between the EPS and HEPS is due to profit on the disposal of property and the loss on disposal of Lighting Structures. Both of these disposals have a once-off impact.



Shareholders were advised that Jasco's unaudited interim results will be announced on 7 February 2013.
31-Oct-2012
(Official Notice)
Shareholders are advised that the annual general meeting of shareholders of the company was held on Wednesday, 31 October 2012 at the registered office of the company. It is noted that Ordinary Resolution number seven, relating to placing the control of authorised but unissued shares under the control of the directors of the company, was withdrawn. All other ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 28 September 2012, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
22-Oct-2012
(Official Notice)
Shareholders were advised that the general meeting to approve inter alia the disposal of Jasco's head office property, the adoption of a new Memorandum of Incorporation ("MOI") and to approve the conversion of share capital from par value shares to no par value shares as well as the increase in authorised share capital, as detailed in the circular sent to shareholders on 17 September 2012, was convened and held today, 22 October 2012 (the "meeting"). Shareholders are further advised that all of the ordinary and special resolutions tabled at the meeting were passed with requisite majority. Shareholders will be advised once the company receives confirmation that the MOI and relevant special resolutions have been registered with the Companies and Intellectual Property Commission.
19-Sep-2012
(C)
Turnover rose 28.8% to R983.7 million (R763.5 million). Operating profit before interest and taxation was up 8.4% to R31.2 million (R28.8 million). Net attributable profit more than doubled to R21.9 million (R9.5 million). In addition, headline earnings per share was grew 20.3% to 16.8cps (14cps).



Dividend

A final ordinary dividend of 3cps was declared.



Annual general meeting

Notice was given that the annual general meeting of Jasco shareholders will be held in the company's boardroom, Jasco Office Park, Cnr Alexandra and Second Road, Midrand, on Wednesday 31 October 2012, at 11:00, to transact the business as stated in the notice of the annual general meeting to be posted to shareholders on or about 28 September 2012.



Outlook

The groups focus on M-TEC over the last 12 months resulted in a significant improvement. However, management will focus on working towards operational control and continued improved performance. In the ICT Carrier segment the group expects to continue its growth drive. Initial results are pleasing, with new customers joining the Jasco fold. In the ICT Enterprise segment the group further anticipates corporate South Africa to increase its spend in the upgrade of the technology in IT and communications infrastructure. Industry Solutions will continue on its path of growing fire solutions organically and exploiting its new power business through the Ferrotech acquisition. Furthermore, a trend towards energy management is evident and Jasco is well poised to take advantage of this. In Energy Solutions the group anticipates continued government infrastructure spend. This, together with the state-owned enterprises localisation programme, will bode well for M-TEC's energy portfolio. In addition, the group has established Jasco Transmission - Distribution to ensure a larger basket of energy products and solutions to its customers and to drive direct interaction with municipal customers.



The simplification of the Jasco group, with the associated cost reduction, will continue. The deregistration of statutory legal entities that become superfluous will continue into the new year, resulting in a focused Jasco that is fit for purpose. Finally, the second phase of the group's strategy implementation is well underway. This will ensure that Jasco continues to commit to customer centricity and best-in-class business processes.
17-Sep-2012
(Official Notice)
Shareholders are referred to the terms announcement released on SENS on 13 August 2012 in which Jasco shareholders were advised that Jasco had entered into a sale agreement with Genesis Properties (Pty) Ltd. to dispose of Jasco's Midrand head office property ("the Property Disposal") comprising the land and buildings situated at portion 198 of the Farm Waterval 5, Registration division IR, Gauteng Province ("the Property"). In addition, Jasco and Genesis Properties (Pty) Ltd. will enter into a back-to-back lease agreement whereby Jasco will lease the Property for a period of 12 years.



Circular

Shareholders are notified that the circular setting out the full details of the Property Disposal and corporate actions was posted to shareholders on 17 September 2012. The circular incorporates a notice convening a general meeting of shareholders to be held at 10h00 on Monday, 22 October 2012 at the registered office of Jasco namely, corner Alexandra Avenue and 2nd Road, Midrand in order to consider and if deemed fit, pass with or without modification, the special and ordinary resolutions contained therein.
29-Aug-2012
(Official Notice)
Jasco advised that for the year ended 30 June 2012, the company expects:

*Earnings per share (''EPS'') to be between 90% and 110% higher (between 14,8 cents and 16,4 cents per share) than the 7,8 cents per share for the previous corresponding financial year.

*Headline earnings per share (''HEPS'') to be between 10% and 30% higher (between 15,4 cents and 18,2 cents per share) than the 14,0 cents per share for the previous corresponding financial year.



The increase in EPS performance relates to the inclusion of Spescom for a full 12 month period and the ongoing improvement of the group's investment in M-TEC. The difference between the EPS and HEPS increases is due to once-off adjustments incurred in the previous financial year.



In addition, both the EPS and HEPS in 2012 were impacted by a full weighting of shares issued for the Spescom transaction in January 2011. This has increased the weighted average number of shares in issue to 140 173 019 (2011: 122 745 469).



Shareholders were advised that Jasco's audited abridged results will be announced on 19 September 2012.
13-Aug-2012
(Official Notice)
Jasco shareholders were advised that the cautionary announcement which was published on 22 June 2012 is hereby withdrawn
13-Aug-2012
(Official Notice)
22-Jun-2012
(Official Notice)
As previously communicated to shareholders, Jasco has been contemplating the disposal of the head-office property in Midrand, Gauteng ("Midrand Property"). Accordingly, shareholders are advised that the company is in advanced stages of negotiations regarding the proposed disposal of the Midrand Property, which if successfully concluded may have a material effect on the price of the company's securities. Shareholders should therefore exercise caution when dealing in the Company's securities until a full announcement is made.
22-Jun-2012
(Media Comment)
Business Day reported that Jasco has established a unit called Jasco Congo to exploit growth opportunities in Central Africa as access to the internet expands in that region. Jasco Congo has in turn partnered with Republic of Congo company Warid Congo ("Warid"). In terms of the deal, Jasco Congo will take over the operational costs and maintenance of Warid's data centre.
08-Jun-2012
(Official Notice)
Shareholders were advised that Dr Jon Rothbart resigned as non-executive director from the board with effect from 08 June 2012.
06-Feb-2012
(Official Notice)
Shareholders are referred to the announcement released on the SENS on 23 January 2012 and in the press on 24 January 2012, in which shareholders were advised that Jasco had entered into an agreement to acquire 100% of the ordinary shares in FerroTech, effective 1 January 2012 from the founding shareholders and senior management. Jasco confirms that all of the suspensive conditions have been fulfilled and the acquisition is now fully unconditional.
06-Feb-2012
(C)
23-Nov-2011
(Official Notice)
Shareholders are hereby advised that, at the annual general meeting of shareholders of the company held on Tuesday, 22 November 2011 at the registered office of the company, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 25 October 2011, were passed by the requisite majority of shareholders present and voting, in person or by proxy. The relevant special resolutions will be lodged with the companies and intellectual property commission.
02-Nov-2011
(Official Notice)
In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Mrs. MN Sepuru ("Noriah") resigned as the company secretary with immediate effect. Shareholders will be advised once a suitable replacement has been appointed as company secretary and an announcement in this regard will be made in due course.

28-Oct-2011
(Official Notice)
25-Oct-2011
(Official Notice)
Shareholders were advised that the annual financial statements for the year ended 30 June 2011 were posted to Jasco shareholders on 25 October 2011 and contain no modifications to the audited results published on SENS on 27 September 2011. Notice was given that the annual general meeting of Jasco shareholders will be held in the company's boardroom, Jasco Office Park, Cnr Alexandra and Second Road, Midrand, on Tuesday 22 November 2011,at 11:00, to transact the business as stated in the notice of the annual general meeting posted to shareholders.
27-Sep-2011
(C)
19-Sep-2011
(Official Notice)
05-Aug-2011
(Official Notice)
In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that Mr Haroon Moolla has been appointed as an independent non-executive director and a member of the audit and risk committee with effect from 05 August 2011.

30-Jun-2011
(Official Notice)
Shareholders were advised that Ms Morongwe Malebye has been appointed as an independent non-executive director and a member of the audit and risk committee with effect from 29 June 2011.
05-May-2011
(Official Notice)
Shareholders are referred to the announcement released on SENS on 23 March 2011 whereby shareholders were informed of the resignation, effective 1 July 2011, of Jasco's CEO, Mr. MH Lotz. In the same announcement shareholders were advised of the appointment of Mr. AMF Da Silva in an executive capacity to take over the role from Mr. Lotz as CEO, also with effect from 1 July 2011. It is hereby announced that Mr AMF Da Silva will assume the role of Chief Executive Officer with effect from 5 May 2011. Mr MH Lotz will remain with the company until 30 June 2011 to allow a complete transition process.
21-Apr-2011
(Official Notice)
Shareholders are advised that, at the general meeting convened and held earlier today, 21 April 2011 to adopt the revised Jasco Employee Share Incentive Scheme deed and approve the addendum to the Spescom Limited Share Scheme deed, as detailed in the circular sent on Wednesday, 6 April 2011, all of the ordinary resolutions tabled at the general meeting were passed.
14-Apr-2011
(Official Notice)
Jasco will hold a general meeting on 21 April 2011 to vote on the proposal to revise the Jasco Employee Scheme and the approval of the addendum to The Spescom Ltd Share Scheme.
05-Apr-2011
(Official Notice)
Shareholders are hereby advised that Ms Olga Seiphemo resigned as a director with effect from 4 April 2011.
23-Mar-2011
(C)
07-Mar-2011
(Official Notice)
Jasco advised shareholders that earnings per share ("EPS") for the six months to 31 December 2010 is expected to be between 65% and 75% lower than the 10.0 cents EPS reported for the six month period ended 31 December 2009. Headline earnings per share ("HEPS") for the six months to 31 December 2010 is expected to be between 60% and 70% lower than the 9.9 cents HEPS reported for the six month period ended 31 December 2009. HEPS and EPS for the six months to December 2010 were impacted by once-off costs relating to the company's acquisition of Spescom towards the end of 2010. Jasco's interim results will be released on 23 March 2011.
09-Feb-2011
(Official Notice)
Shareholders of Jasco are advised that with effect from 07 February 2011, the registered physical address of the group has to Cnr Alexandra Avenue and 2nd Road, Midrand, 1685. The telephone and facsimile numbers have changed to tel No: +27 11 266-1500 and fax No: +27 11 266-1532. The postal address, being P.O. Box 860, Wendywood, 2144, remains unchanged.
20 Dec 2010 16:00:09
(Official Notice)
Notice was given that the board of directors has declared an interim dividend for the six months period to 31 December 2010 of 3 cents per share, payable to ordinary shareholders on Monday, 17 January 2011. Dates of importance:

*Last day to trade "cum" dividend in order to participate in the interim dividend: Friday, 7 January 2011

*Shares trade ex dividend from the commencement of business: Monday, 10 January 2011

*Record date: Friday, 14 January 2011

*Payment date: Monday, 17 January 2011
15 Dec 2010 12:02:45
(Official Notice)
Spescom shareholders are referred to the announcement published by Spescom on the SENS of the JSE Ltd ("JSE") on 30 November 2010 relating to the sanctioning of the scheme of arrangement ("scheme") proposed by Jasco between Spescom and its shareholders by the High Court of South Africa (South Gauteng High Court, Johannesburg). Shareholders are advised that the outstanding conditions precedent have been fulfilled, namely:

* the order of court sanctioning the scheme has been registered by the CIPRO, and

* the scheme has been approved unconditionally as a merger.



Salient dates

* Last day to trade in order to be recorded in the register on the record date of the scheme : Friday, 14 January

* Date of suspension of Spescom's listing on the JSE (from the commencement of business) : Monday, 17 January

* Record date to determine participation in the scheme : Friday, 21 January

* Operative date of the scheme (from the commencement of business) : Monday, 24 January

* Termination of Spescom's listing on the JSE (from the commencement of business) : Tuesday, 25 January.
24 Nov 2010 13:15:47
(Official Notice)
Jasco ordinary shareholders ("Shareholders") are referred to the announcement released on the Securities Exchange News Service of the JSE Limited on 10 November 2010, and in the press on 11 November 2010, regarding: the posting of the circular containing a firm offer by Jasco to acquire the entire issued share capital of Spescom Ltd and its subsidiaries; and the details of the general meeting of ordinary shareholders scheduled to be held on 24 November 2010 ("general meeting").



Shareholders are hereby advised that, at the general meeting held today at the registered office of the company, all the proposed resolutions included in the notice of the General Meeting contained in the circular posted to shareholders on 9 November 2010, were approved by 99.99% of Shareholders present in person, by proxy or represented at the general meeting.

10 Nov 2010 15:27:38
(Official Notice)
Jasco ordinary shareholders ("Jasco shareholders") are referred to the announcement regarding a firm offer (the "firm offer") by Jasco to acquire the entire issued share capital of Spescom Ltd and its subsidiaries ("Spescom") ("the transaction"), released on SENS on 3 September 2010, and in the press on 6 September 2010, and the pro forma financial effects of the transaction and the withdrawal of cautionary announcement released on SENS on 26 October 2010 and in the press on 27 October 2010.



Jasco is proposing a scheme of arrangement between Spescom and Spescom Shareholders in terms of section 311 of the Companies Act, 1973 (Act 61 of 1973), as amended, for the purpose of acquiring the entire issued share capital of Spescom. The firm offer will be discharged by issuing 31 889 901 new Jasco ordinary shares at a switch ratio of one Jasco ordinary share for every 2.47 Spescom ordinary shares held by Spescom shareholders, plus a cash consideration of 15 cents per Spescom ordinary share, totaling R11 815 208.



The transaction will create an integrated business that will combine Jasco's telecommunications experience and Spescom's information and communications (ICT) experience to increasingly participate in the growing converged communications environment. The proposed Spescom acquisition satisfies Jasco's stated strategic objectives of being earnings enhancing for both Jasco and Spescom shareholders, providing a broader product offering to an enlarged customer base and expanding the group's presence in the communications supply chain. The combined group's revenues are expected to exceed R1 billion and likewise the market capitalisation and share liquidity should be positively influenced. Importantly, Jasco will remain over 50% black-owned after the transaction.



Circular to shareholder

Shareholders are hereby advised that the circular to Jasco shareholders containing the details of the firm offer and incorporating the notice of general meeting of ordinary shareholders of Jasco to be held at 10h00 on Wednesday, 24 November 2010 at the registered office of the company, being 152 Roan Crescent, Sage Corporate Park North, Midrand, 1632, was posted to Jasco shareholders on Tuesday, 9 November 2010.
09 Nov 2010 15:46:59
(Official Notice)
Shareholders were referred to the disclosure regarding dealings in securities by a director of the company, W A Prinsloo, released on SENS on 8 November 2010. In compliance with the requirements of rule 3.63 of the JSE Listings Requirements, it was confirmed that each of the transactions disclosed were on-market trades in Jasco ordinary shares.
26 Oct 2010 17:27:08
(Official Notice)
Jasco ordinary shareholders are referred to the announcement regarding a firm offer (the "firm offer") by Jasco to acquire the entire issued share capital of Spescom Ltd and its subsidiaries ("Spescom") ("the transaction"), released on SENS on 3 September 2010, and in the press on 6 September 2010. Jasco is proposing a scheme of arrangement between Spescom and Spescom shareholders in acquiring the entire issued share capital of Spescom. The firm offer will be discharged by issuing 31 889 901 new Jasco ordinary shares at a switch ratio of 1 Jasco ordinary share for every 2.47 Spescom ordinary shares held by Spescom Shareholders, plus a cash consideration of 15 cents per share, totalling R11 815 208.



Pro forma financial effects

Before - after:

* Earnings per share : 19.11 - 40.9

* Headline earnings per share : 16.6 - 16.0

* Net asset value per share : 251.1 - 248.0

* Number of shares in issue : 114 509 - 146 399

* Weighted average number of shares ('000') : 111 557 - 143 447



Withdrawal of cautionary

As the pro forma financial effects have been announced, Jasco shareholders are hereby advised that caution need no longer be exercised when dealing in their Jasco securities.
26 Oct 2010 15:14:20
(Official Notice)
Shareholders were advised that at the annual general meeting of shareholders held on 26 October 2010 ("the AGM"), all the proposed ordinary resolutions and the special resolution as contained in the notice of the AGM, received the necessary majority votes and were accordingly approved. Notice of the AGM was posted to shareholders together with the company's annual report. The special resolution relating to the general authority to repurchase the company's shares will be submitted to CIPRO for registration in due course.
15 Sep 2010 08:14:56
(C)
10-Sep-2010
(Permanent)
Jasco has changed its year-end from February to June each year going forward.
03 Sep 2010 07:24:50
(Official Notice)
30 Aug 2010 15:48:40
(Official Notice)
Jasco advise shareholders that due to the change in its financial year-end from February to June last year, this trading statement provides earnings and headline earnings guidance on a 16 months versus 12 months, as well as on a like-for-like, 12 months basis to provide shareholders with a more meaningful comparison. 16 months to 12 months comparison Accordingly shareholders are advised that:

*Earnings per Share ("EPS") for the 12 months to 30 June 2010 is expected to be between 40% and 60% lower than the 36,2 cents EPS reported for the 16 month period ended 30 June 2009.

*Headline earnings per share ("HEPS") for the 12 months to 30 June 2010 is expected to be between 45% and 65% lower than the 36,7 cents HEPS reported for the 16 month period ended 30 June 2009.



The decrease in earnings was primarily due to the continued impact of poor economic and market conditions and a lack of major capital projects in the telecommunications and security sectors. Shareholders are advised that Jasco's abridged audited results will be announced on or about 15 September 2010.



Like-for-like 12-month comparison

The company however believes a like-for-like 12 month comparison is more meaningful to shareholders. The preparation of the unaudited pro forma 12 month comparison is the responsibility of the directors of Jasco. Accordingly shareholders are advised that on a like-for-like 12 month comparison:

*EPS for the twelve months to 30 June 2010 are expected to be between 0% and 20% lower than the comparative pro forma EPS of 21,2 per share for the twelve months to 30 June 2009.

*HEPS for the twelve months to 30 June 2010 are expected to be between 15% and 35% lower than the comparative pro forma HEPS of 21,7 cents per share for the twelve months to 30 June 2009.
17 Aug 2010 15:02:46
(Official Notice)
Further to the cautionary announcement released on SENS on 5 July 2010, shareholders are advised that the company is still in negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.
06 Aug 2010 14:49:14
(Official Notice)
Jasco wishes to advise shareholders that it has entered into an exclusive agreement ("the agreemen") with Schneider Electrical SA (Pty) Ltd ("Schneider") to acquire the assets, brand and the rights to manufacture and supply the Snapper Range of plug and accessory products ("the Snapper Range") for R7.5 million ("the acquisition").



Background to Snapper Range

The Snapper Range consists of 40 different electrical plugs, adaptors and cord sets. The acquired range of products is SABS approved and has an established market presence in South Africa, having been introduced to the market more than 20 years ago. The South African market for plugs, adapters and cord sets is estimated to be around R120 million per annum. It is expected that the Snapper Range will enhance Jasco's share of this market to between 30% and 40%.



Effective date

All conditions precedent have been met, with the effective date of the acquisition being 5 August 2010.



Purchase consideration

The purchase consideration of R7.5 million will be discharged in cash utilising a combination of the company's internal cash resources and external borrowings. The purchase consideration is payable in three equal instalments of R2.5 million. The first instalment is payable on the effective date, the second instalment six months later and the final instalment twelve months after the effective date.



Financial effects

Based on the latest unaudited management information provided to Jasco by Schneider and after taking interest on the full purchase consideration and transaction costs into account, the impact of the acquisition on the company's most recently published earnings per share, headline earnings per share, net asset value per share and net tangible asset value per share, namely for the six month period ended 31 December 2009, is not considered to be significant.



Categorisation

The acquisition is categorised as a category two transaction for purposes of the Listings Requirements of the JSE Ltd, as it constitutes just over 5% of Jasco's current market capitalisation, and accordingly does not require shareholder approval.
05 Jul 2010 14:41:58
(Official Notice)
Shareholders are advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
15 Jun 2010 11:08:03
(Official Notice)
Jasco advised that with effect from 25 June 2010, the registered physical address has changed to 152 Roan Crescent, Sage Corporate Park North, Midrand 1632. The postal address, telephone and facsimile numbers are as follows: PO Box 860, Wendywood, 2144, tel no: 011 848-3900, and fax no: 086 546-5794.

04 Feb 2010 09:18:38
(C)
Revenue for the 6 months increased by 6% from R249 million to R264 million in 2009. Operating profit decreased by 34% to R16.1 million (2008:R24.3 million). Profit attributable to ordinary shareholders decreased to R11.2 million (R21.0 million). Headline earnings on a per share basis decreased to 10.10cps (23.50cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The group enters the next six months with all its divisions in a profitable position. The last six months have been an opportunity to invest in key people and to focus on efficiencies. This will assist Jasco in buffering the expected continuation of negative markets. The group expects continued pressure over the short term in Telecommunications, however, to counter this, management will focus on the reduction in overheads and tight cost management. The outlook over the longer term remains positive, as low penetration in Africa will necessitate spend on voice and data.



Although Security will continue to experience project delays due to market pressure, its business model will continue to cover overheads. Management has implemented a more formalised sales network to drive annuity and recurring income, as well as further cost-cutting and efficiency programmes without losing capacity for an eventual upturn. The group will also focus on expanding its product range and diversifying its service offering. Domestic products should continue to see an improvement. Although job cuts that occurred during 2009 will pressure consumers, a gradual increase is expected on the back of current lower interest rates.



In Electrical, Jasco will continue to focus on costs and efficiencies. The project flow appears more positive, with orders placed on M-TEC for the next 12 months under an existing aluminium overhead conductor contract. Jasco has a focused medium to long term growth plan in place, with a clear strategy being driven by the senior management team to enhance organic growth and to bulk up. Although market visibility remains unclear, management is focused on taking pro-active action to protect profitability and grow the group.
26 Jan 2010 09:17:07
(Official Notice)
Jasco advised shareholders that both earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months to 31 December 2009 are expected to be between 55% and 65% lower than the 23,4 cents EPS and 23,5 cents HEPS reported for the 6 month period ended 31 August 2008. However, as the company changed its financial year-end from February to June during 2009, a more like-for-like comparison to the current six months will be the six months to December 2008. Accordingly, the EPS and HEPS for the six months to 31 December 2009 are expected to be between 25% and 35% lower than the comparative EPS and HEPS of 14,0 and 14,1 cents per share respectively for the six months to 31 December 2008. The decrease in earnings was primarily due to the continued impact of poor economic and market conditions. The information in this trading statement has not been reviewed or reported on by the company's external auditors. Jasco's results will be announced on 4 February 2010.
25 Jan 2010 16:41:38
(Official Notice)
Jasco has appointed Grindrod Bank Ltd as sponsor to the company with immediate effect.
15 Dec 2009 15:11:13
(Official Notice)
01 Dec 2009 09:19:21
(Official Notice)
Jasco is on 1 December 2009, hosting an investor site visit to its associate M-TEC's cable manufacturing facility in Vereeniging. Jasco owns 51% of M-TEC's ordinary and 51% of the group's preference shares. To ensure equal dissemination of information to all shareholders, the group wishes to advise that the presentation is available on the Jasco website, www.jasco.co.za, under the investor relations section.

02 Nov 2009 12:03:49
(Official Notice)
Shareholders are advised that Mr AM (Pete) da Silva has been appointed as an independent non-executive director to the group's board, with effect from 30 October 2009.
14 Oct 2009 17:25:06
(Official Notice)
Shareholders are hereby advised that, at the annual general meeting of shareholders ("the AGM"), all the proposed ordinary resolutions and the special resolution, as contained in the notice of the AGM which was posted to shareholders together with the company's annual report, received the necessary majority votes and were accordingly approved.



The special resolution relating to the general authority to repurchase the company's shares will be submitted to CIPRO for registration in due course. Three non-executive directors, namely FE Emary, Prof JM Matsipa and PS Chapwanya, did not offer themselves for re-election to the board of directors of Jasco. The company is in the process of restructuring the board to improve efficiency, expertise and compliance with new corporate governance frameworks. Shareholders will be informed as soon as the appointments have been finalised.
17 Sep 2009 09:40:55
(Media Comment)
Jasco had won two contracts to provide fibreoptic and copper cables to Telkom, it announced yesterday.This was expected to boost earnings as the orders were expected to come in from the second half of it's financial year, the electronics group said.

16 Sep 2009 08:24:27
(C)
Revenue for the 16 months ended 30 June 2009 increased to R773 million (twelve months to February 2008: R519 million). Operating profit for the 16 months rose to R72 million (February 2008: R51 million) whilst headline earnings per share decreased to 36.7cps (February 2008: 49 cps). Net earnings attributable to ordinary shareholders increased to R37.5 million (February 2008: R33.5 million).



Notice of AGM

The annual general meeting of shareholders will be held at 11h00 on Wednesday, 14 October 2009 in Jasco's boardroom, Woodmead Office Park, 8 Saddle Drive, Woodmead.



Prospects

Jasco has steadily put a business structure in place that supports successful operations in different markets and allows the group to manage variable market conditions. Looking forward, the group's prospects, as with those of many other companies, will be significantly influenced by macro-economic conditions and the manner in which the local economy copes with a very fluid global context. To ensure a robust strategy against these volatile markets, a comprehensive strategic planning process was undertaken during 2008. Moving forward, Jasco is therefore sharpening its focus on servicing and influencing the full breadth of the communications supply chain. This allows the group to stay flexible in terms of evolving its service offering as the market context changes and to cross-sell products and services to existing and new clients, opening up significant growth opportunities within the existing group structure. Infrastructure development in South Africa and across the continent will play an important role in the group's approach to growth. While the global economy is experiencing a significant slowdown in consumer spend, infrastructure development continues - albeit some projects at delayed timetables - in South Africa and the rest of Africa.
27 Aug 2009 13:27:43
(Official Notice)
Jasco hereby advises that for the 16 month period ended 30 June 2009 the company expects both earnings per share ("EPS") and headline earnings per share ("HEPS") to be between 23% and 28% lower than the comparative twelve month period ended 29 February 2008. This implies EPS and HEPS of between 35.3 cents and 37.7 cents per share respectively. The decrease was primarily due to the continued impact of poor economic and market conditions during the 16 month period ended, as well as the dilutionary effect of Jasco's BEE transaction, which impacted EPS and HEPS as follows:

*The comparative 2008 EPS and HEPS were calculated before the issue of 17.2 million new ordinary shares, issued in terms of Jasco's BEE transaction concluded with Community Investment Holdings (Pty) Ltd in March 2003. The impact of this new issue of shares was to dilute both EPS and HEPS from the 49 cents per share reported for the year ended 29 February 2008, to 39.1 cents per share, which provides a more comparative base.



The company therefore believes that a more relevant comparison to the comparative period's results are the company's adjusted EPS and HEPS of 39.1 cents per share. Accordingly, the EPS and HEPS for the 16 month period ended 30 June 2009 are expected to be between 5% and 10% lower than the adjusted EPS and HEPS for the comparative twelve month period ended 29 February 2008. Jasco will announce its results on 16 September 2009.
07 Jul 2009 15:40:12
(Official Notice)
02 Apr 2009 08:57:06
(C)
01 Apr 2009 15:52:47
(Official Notice)
Dr Jon Rothbart has been appointed to the board of directors of Jasco as a non-executive director with effect from 1 April 2009.
25 Mar 2009 16:49:34
(Official Notice)
Jasco hereby advises that, for the twelve months ending 28 February 2009, the company expects both earnings per share ("EPS") and headline earnings per share ("HEPS") to be between 30% and 35% lower than the corresponding period. This implies EPS and HEPS of between 31.9 cents and 34.3 cents per share respectively.



It should, however, be noted that Jasco's historic businesses performed solidly, increasing operating profit between 20% and 25% for the twelve months ended 28 February 2009. As Jasco changed its year end to June 2009 to coincide with its major shareholders, the information in this trading update has not been reviewed or reported on by the company's auditors. Jasco will announce its results on 2 April 2009.
29 Jan 2009 14:00:10
(Official Notice)
Shareholders are advised that the company has appointed Ms Noriah Sepuru as company secretary to Jasco with effect from 2 February 2009.
02 Oct 2008 08:23:24
(C)
03 Sep 2008 15:12:43
(Official Notice)
Motlatsi Lekhesa has resigned as company secretary to Jasco with effect from 11 September 2008. Warren Prinsloo, financial director of the company, will, in addition to his present duties, adopt the role of company secretary to the company until a suitable replacement is appointed.
25 Aug 2008 10:55:26
(Official Notice)
Jasco advised that for the six months ending 31 August 2008, the company expects both earnings per share and headline earnings per share to be between 30% and 45% higher than the corresponding period. This implies EPS and HEPS of between 22.0 cents and 24.5 cents per share respectively.
07 Jul 2008 11:27:28
(Official Notice)
Shareholders are referred to the Jasco circular dated 30 April 2008 and the announcements released on SENS on 26 May 2008 and 30 June 2008 and are advised that the corporate actions referred to therein are now unconditional as all remaining conditions precedent have been finalised. The special resolution relating to the increase in authorised share capital of the company to 150 000 000 ordinary shares was registered by CIPRO on 20 June 2008. Furthermore, 27 415 385 Jasco ordinary shares, in part consideration of the acquisition of 34% of Malesela Taihan Electric Cable (Pty) Ltd, was listed by the JSE with effect from the beginning of trade on Monday, 7 July 2008.
30 Jun 2008 15:21:48
(Official Notice)
Shareholders are referred to the Jasco circular dated 30 April 2008 ("the circular") and the announcement released on SENS on 26 May 2008 and are advised that the Securities Regulation Panel granted formal dispensation to Community Investment Holdings (Pty) Ltd and AfroCentric on 27 May 2008 from the obligation to make a mandatory offer as referred to in the circular. Verbal confirmation was also obtained on 26 June 2008 that the special resolution relating to the increase in the authorised share capital has been registered by CIPRO. As soon as written confirmation is received from CIPRO and the additional 27 415 385 Jasco ordinary shares are listed by the JSE Ltd, an announcement to this effect will be made to shareholders.
30 May 2008 12:10:59
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 29 February 2008 will be posted to shareholders on Friday, 30 May 2008. The annual financial statements contain no modifications to the reviewed results of the company published on the SENS on Thursday, 8 May 2008.



Notice of annual general meeting

Notice was also given that the annual general meeting of shareholders will be held at 11:00 on Wednesday, 23 July 2008 at the registered office of the company, Woodmead Office Park, 8 Saddle Drive, Woodmead Sandton, to transact business as stated in the notice of the annual general meeting posted to shareholders today, along with the annual report.
26 May 2008 14:36:33
(Official Notice)
Shareholders are referred to the Jasco circular dated 30 April 2008 where the company outlined its intention to acquire a 34% economic interest in South African cable group, Malesela Taihan Electric Cable (Pty) Ltd, the proposed acquisition of a 34.9% stake in Jasco by JSE-listed BEE investment group AfroCentric Investment Corporation Ltd ("AfroCentric") and various other corporate actions.



At a general meeting of shareholders of Jasco held today, Monday, 26 May 2008, all resolutions relating to the corporate actions were passed by 99.9% of shareholders present and voting, in person or by proxy, at the general meeting. The special resolution relating to the increase in the authorised share capital was submitted to CIPRO for registration.



Shareholders are advised that the only other remaining condition precedent to the corporate actions is the granting of the formal dispensation by the Securities Regulation Panel ("SRP"), to Community Investment Holdings (Pty) Ltd and AfroCentric, from the obligation to make a mandatory offer as referred to in the circular. It is anticipated that this dispensation will be obtained from the SRP, at the latest, by the close of business on Tuesday, 27 May 2008.
20 May 2008 15:44:36
(Official Notice)
Shareholders are referred to the company's reviewed results announcement on 8 May 2008 where shareholders were made aware of the finalisation of the black economic empowerment transaction entered into on 1 March 2003. In terms of the empowerment transaction, Jasco acquired the entire issued share capital in Tasslelane Technologies (Pty) Ltd from Community Investment Holdings (Pty) Ltd for R31 million. The purchase consideration was settled through the issue of 20 919 449 Jasco ordinary shares and 29 884 633 Jasco redeemable preference shares to CIH.



The Jasco preference shares have subsequently been redeemed by Jasco and a total of 17 162 969 Jasco ordinary shares ("the Jasco conversion shares"), calculated in terms of the predetermined profit formula in line with Jasco's earnings performance for the five years ended 29 February 2008, have been allotted to CIH (15 846 341 shares) and The Jasco Share Incentive Trust (1 316 628 shares), as more fully set out in the circular to Jasco shareholders dated 30 April 2008. The Jasco conversion shares will be issued and listed on the JSE Ltd with effect from the commencement of trade on Wednesday, 21 May 2008.
08 May 2008 08:20:32
(C)
05 May 2008 15:22:23
(Official Notice)
A circular and revised listing particulars to Jasco shareholders dated 30 April 2008 containing details of the announced transactions with AfroCentric Investment Corporation Ltd and notice of a general meeting, convened for Monday, 26 May 2008 at 10:00 at the registered offices of Jasco, Woodmead Office Park, 8 Saddle Drive, Woodmead 2157, was posted on 3 May 2008.
25 Apr 2008 12:20:14
(Official Notice)
Shareholders are referred to the trading update released on SENS by the company on 31 March 2008 wherein shareholders were reminded of the anticipated redemption of Jasco preference shares in terms of the company?s BEE transaction with CIH in 2003. At the time, the purchase consideration for Tasslelane Investments (Pty) Ltd was settled through the issue of both ordinary and preference shares. 29 884 633 redeemable preference shares were issued to CIH, which are eligible for redemption subsequent to the finalisation of the 29 February 2008 annual audit. Following on from the redemption, Jasco ordinary shares will be issued to CIH based on a predetermined profit formula in line with Jasco`s earnings performance for the five years ended 29 February 2008. At the time of the announcement on 3 April 2008, the unaudited pro forma financial effects on Jasco of the proposed transactions were not available. Shareholders were therefore advised to continue to exercise caution until such time that the unaudited pro forma financial effects were made available. In this regard, Jasco shareholders are advised of the unaudited pro forma financial effects of the Jasco preference share redemption and proposed transactions, are now available.



Shareholders are advised that the unaudited pro forma financial effects on Jasco of the proposed transactions have been made available in this announcement and consequently caution is no longer required to be exercised by shareholders when dealing in their Jasco ordinary shares.
03 Apr 2008 11:36:21
(Official Notice)
31 Mar 2008 10:01:24
(Official Notice)
Jasco hereby advises that for the financial year ending 29 February 2008, the company expects both earnings per share (EPS) and headline earnings per share (HEPS) to be between 21% and 34% higher than the corresponding period. This implies EPS and HEPS of between 46.1 cents and 50.9 cents per share respectively.
03 Mar 2008 07:45:29
(Official Notice)
Jasco shareholders are advised that the negotiations referred to in the further cautionary announcements dated 10 December 2007 and 21 January 2008 are still in progress, which if successfully concluded, may have a material effect on the price of the company`s shares. Accordingly, Jasco shareholders are advised to continue to exercise caution when dealing in their shares until a further announcement is made.
08 Feb 2008 11:54:18
(Official Notice)
Shareholders are advised that Jasco has appointed PSG Capital (Pty) Ltd as sponsor to the company with immediate effect.
28 Jul 2006 15:44:51
(Official Notice)
The audited annual financial statements of the company were posted on Friday, 28 July 2006. There have been no material changes to the reviewed results published on 20 April 2006. The annual general meeting of the company will be held at 11h00 on Wednesday, 23 August 2006 at the registered office of the company, 8 Saddle Drive, Woodmead Office Park, Woodmead, 2157.
05 Jul 2006 09:55:42
(Official Notice)
Jasco's current Chief Operating Officer, Martin Lotz, has been promoted to Chief Executive Officer. The current CEO, Joe Madungandaba, assumes the position of non-executive Deputy Chairman. Both appointments are with immediate effect.



The board has also announced the appointment of M W (Motlatsi) Lekhasa in the role of company secretary, effective 17 July 2006.
21 Jun 2006 09:25:45
(Official Notice)
Jasco announces the resignation of Ms Emma Mashilwane as the group's company secretary, with effect from 22 June 2006. Pending the appointment of a new company secretary, Martin Lotz, the chief operating officer of the company, will in addition to his present duties adopt the role of acting company secretary.
15 Jun 2006 15:13:56
(Official Notice)
As discussions referred to in previous cautionary announcements have been terminated, caution is no longer required when dealing in Jasco shares.
02 Jun 2006 17:56:28
(Official Notice)
Further to the cautionary announcement released on SENS on 10 March 2006, Jasco shareholders are advised that the discussions referred to are continuing. Jasco shareholders are advised to continue to exercise caution when dealing in their shares until a further announcement is made.
20 Apr 2006 08:39:42
(C)
Revenue grew 31% to R334.4 million (R254.8 million). Of the total revenue 2.5% of growth came from an improvement in selling prices, whilst 28.5% came from an increase in volumes. Increased efficiencies resulted in an improvement in operating margin before interest paid from 8.8% to 9.1% this year, whilst net profit before taxation grew by 61.2% to R27.3 million (R16.9 million). After providing for taxation, together with the impact of lower interest paid, headline earnings per share increased 70% to 27.7cps (16.3cps). The higher levels of profitability improved the net asset value per share to 154.3cps (134.2cps). Despite funding the sharp increase in organic growth, cash generated from operations as a percentage of operating profit before net financing costs was 83.2%, which is in line with the group's internal target of 85%.



Dividend

A final dividend of 9.0cps was declared representing an increase of 50% from the dividend paid last year. The last day to trade (cum dividend) would be Friday, 12 May 2006 and the dividend will be paid on Monday, 22 May 2006.



Prospects

Prospects in all the group's operating divisions remain positive in an economic environment that is both sound and buoyant. Expenditure in the telecommunications sector is expected to remain strong, in line with the liberalisation taking place in this sector, whilst demand for electronic components from manufacturers of domestic appliances and automotive products in the local market remain at high levels. Improved operational efficiencies, as well as opportunities for further organic growth, support the continued recovery of the Security division. Finally, Government's recently announced commitment to infrastructure development creates strong opportunities for the group. Jasco is therefore set to continue organic growth. The group has no gearing, which places it in a position to capitalise on relevant market opportunities as they arise. In the absence of any unforeseen circumstances, management expects further earnings growth in Jasco. The group is currently under a cautionary as it is investigating certain meaningful acquisition opportunities. The group remains committed to implementing a responsible acquisition strategy that will lead to long-term growth in shareholder value.
17 Mar 2006 12:13:25
(Official Notice)
Jasco expects its headline earnings per share and earnings per share for the year ended 28 February 2006 to exceed the HEPS and EPS of 16.3c for the year ended 28 February 2005 by between 67% and 77%, and between 58% and 68%, respectively. In all instances, HEPS and EPS have been adjusted for the effects of the conversion to International Financial Reporting Standards ("IFRS"). The group's results for the year ended 28 February 2006 are expected to be published during May 2006.
10 Mar 2006 17:27:58
(Official Notice)
Jasco shareholders are advised that discussions are taking place, which, if successfully concluded, may have an effect on the price of the companys shares. Accordingly, Jasco shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
31 Oct 2005 09:11:06
(C)
Revenue increased by 23% for the period under review to R150 million (R122 million). Together with the improved efficiencies derived from this growth in turnover and the substantial decrease in interest paid, operating profit grew by 36% to R10.1 million (R7.4 million). The combined result of higher revenue, reduced interest paid and the improved operating profit yielded an increase of 43% in headline earnings per share after tax to 10.6c (7.4c) and a 32% increase in earnings per share to 9.8c (7.4c). Net asset value per share increased by 4c per share to 138.2c from 28 February 2005, after the final dividend for the 2005 financial year of 6c per share was paid during this period. The group continued to generate cash from operations, although the R4 million of cash generated during the period was slightly lower than the R6 million during the corresponding period. This was due to the 23% growth in revenue during the first half of the year, which will result in stronger cash inflows in the second half of the year. The payment of a dividend, an investment to improve its annuity income base and capital expenditure to increase and maintain capacity, resulted in R5.7 million of cash being utilised in the group. Gearing at 31 August 2005 was below 3% (14%) and well within the company's target. The generation of cash from profits during the second half of the year will eliminate gearing at year end.



Prospects

The interim results underpin the success of the turnaround achieved during the prior years. Prospects in all core operating divisions remain positive. As outlined at year end, Jasco is set for continued organic growth, with the financial flexibility to capitalise on relevant market opportunities, as it arise. Jasco's second half is traditionally better than the first and in the absence of any unforeseen circumstances, management expects to end the year with a further improvement in results.
18 Oct 2005 08:13:45
(Official Notice)
Jasco expects its headline earnings per share for the six months ended 31 August 2005, to exceed those published for the previous corresponding period by between 35% and 45%. These results include the impact of International Financial Reporting Standards ("IFRS"), which have for the first time been used in preparing the results. After restating the prior corresponding period results to comply with IFRS, the increase will be between 37% and 47%. Earnings per share for the six months ended 31 August 2005, also reported in compliance with IFRS, are expected to exceed those published in the prior corresponding period by between 150% and 170%. After restating the prior year period to comply with IFRS, the increase is expected to be between 30% and 40%. The forecast financial information on which this trading statement is based has not been reviewed or reported on by Jasco's auditors. The group's interim results for the six months ended 31 August 2005, which will include full details of the impact of adopting IFRS, will be published on 31 October 2005.
30 Aug 2005 11:29:55
(Official Notice)
Jasco has announced the appointment of Ms Emma Mashilwane CA(SA) as the group`s company secretary, with effect from 1 September 2005. Ms Mashilwane will assume this role from the group`s COO, Martin Lotz.



The company is currently implementing International Financial Reporting Standards (IFRS) and expects its interim results for the six months to 31 August 2005 to be announced around the end of October or beginning of November 2005.
28 Jul 2005 10:01:06
(Official Notice)
Following Jasco`s announcement in April that CEO Dr Stuart Robertson planned to step down later this year, the Jasco board today confirmed the appointment, with effect from 1 September, of Joe Madungandaba as acting group CEO. Mr Madungandaba has been Jasco`s managing director since November 2004. He will continue to focus on Jasco`s strategic growth plans and will work with Martin Lotz, the group`s COO responsible for the operational and financial running of the group. The board will appoint a permanent CEO within the next 12 months. Dr Robertson will join Jasco`s main shareholder and BEE partner, Community Investment Holdings (CIH), at the end of August. He will consult to CIH on driving the future direction of their investments and extracting synergies between CIH and Jasco.
06 Jul 2005 13:34:40
(Official Notice)
Jasco`s non-executive chairperson Dr Anna Mokgokong said in her address to shareholders at the group`s AGM held today that during the last year, Jasco successfully completed a period of consolidation and restructuring, which has put the group back on a path of profitability. Loss-makers have been turned around, cash flow significantly improved, debt eradicated and the balance sheet strengthened. All operating divisions are now profitable, with experienced management and much improved operational efficiencies. Dr Mokgokong said Jasco was particularly proud of the recent upgrading of its BEE rating to an A, making it one of the leading empowered companies on the JSE. She said that the group had been awarded further contracts since the financial year-end and, as indicated in the Jasco annual report, it remained on track to continue delivering improved results this year.



All resolutions proposed at the AGM, including the ordinary resolution relating to the ratification of a specific repurchase of ordinary shares, were passed by the requisite majorities of shareholders.



The Jasco board of directors also announced today that non-executive deputy chairperson, Theo Rutstein, has not offered himself for re-election due to other business commitments. The board is in the process of finding a replacement for him.
21 Jun 2005 15:15:24
(Official Notice)
Shareholders are advised that the audited annual financial statements of the company were posted on 2 June 2005. There have been no material changes to the preliminary, reviewed results published on 19 April 2005. Shareholders are advised that the annual general meeting of the company will be held at 11h00 on Wednesday, 6 July 2005 at the registered office of the company, 8 Saddle Drive, Woodmead Office Park, Woodmead, 2157.
07 Jun 2005 11:05:57
(Media Comment)
Empowerdex Rating Agency has upgraded Jasco from a BBB rating to an A rating. According to Business Report the group is 51% black controlled, with black women controlling 10% of the company. The group`s total black representation is 72%, with black female representation at 36%.
18-Feb-2016
(X)
Jasco is a South African company that delivers smart technologies across the disciplines of Telecommunications, Information Technology, Energy and Industry. By leveraging synergies between these disciplines, Jasco is able to deliver complete end-to-end solutions. The trading activities of the group companies are divided into four main business segments, namely Carrier, Enterprise, Intelligent Technologies and Electrical Manufacturers.


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