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13-Mar-2017
(Official Notice)
Shareholders are referred to the announcement released on 30 January 2017 relating to the acquisition by Labat of 51% of the issued share capital of Ormin, subject to certain conditions precedent. Shareholders are advised that the agreement relating to the acquisition (?Acquisition Agreement?) lapsed due to Ormin requiring more time to furnish information that is required for the completion of the due diligence process. In the interim, the parties are interested in developing a working relationship and may revisit negotiations in due course.



Shareholders are further referred to the cautionary announcement released on 30 January 2017 and are advised that the company is still in various negotiations involving, inter alia, new contracts and joint ventures and are accordingly advised to continue to exercise caution until a further announcement is made.
28-Feb-2017
(Official Notice)
Shareholders are advised that the Company?s Integrated Report incorporating, inter alia, the financial statements for the twelve months ended 31 August 2016 and a notice of the annual general meeting, was posted to shareholders on Tuesday, 28 February 2017 and is available on the Company?s website, www.labat.co.za. The audited condensed consolidated annual financial statements contain no modifications to the Reviewed provisional condensed consolidated financial results for the year ended 31 August 2016 released on SENS on 30 November 2016.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on Tuesday, 2 May 2017, at 23 Kroton Avenue, Weltevreden Park, to transact the business as stated in the notice of annual general meeting forming part of the Integrated Report.



Record Dates

The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 21 April 2017. The last day to trade in order to be eligible to vote at the annual general meeting will accordingly be Tuesday, 18 April 2017.

07-Feb-2017
(Official Notice)
Shareholders are advised that Labat Africa has entered into a funding agreement with Milost Global Inc. (?Milost?) Milost is a private equity firm headquartered in New York City. With more than USD25 billion in committed capital, the firm operates at the intersection of innovation, capital, and job creation.



Milost funds publicly traded companies through its 'MESA' or Milost Equity Subscription Agreement. The MESA is a differentiated equity investment facility whose unique features catalyze long term corporate growth that enhance shareholder value. Milost provides its capital, to companies around the world in a broad range of industries including technology, health care, education, mining, oil - gas, financial services, and real estate.



Milost?s MESA funding agreement is divided into two parts.

*A R250 million facility for the subscription of shares in Labat Africa will be used primarily for working capital purposes. This equity component will be subscribed at a 50% premium to the 5 day volume-weighted average share price for each draw down, which shares are expected to be issued under the Company?s general authority to issue shares for cash. Based on the Company?s share trading price, a mechanism exists for a defrayment amount to be settled through the issue of Labat shares. This will also be settled under the Company?s general authority to issue shares for cash, provided that the issue price is within the limits set by the general authority, failing which the issue of shares may require shareholder approval.

*A R750m convertible debt facility will be used to finance acquisitions.



The drawdown of the facility is subject to regulatory approvals and each drawdown will be in accordance with all the regulatory approvals. Any share issue and conversion options will be limited to below 35% and will not trigger an offer to minority shareholders of Labat. This equity and funding facility will assist Labat in its expansion strategy in the transport and logistics sector. The company is currently reviewing a number of possible opportunities that it believes will add value to the Company.
30-Jan-2017
(Official Notice)
Shareholders are advised that Labat has entered into an agreement dated 27 January 2017 with the shareholder of Ormin Coal (Pty) Ltd. (to be renamed Ormin Resources) ?the Seller?, in terms of which Labat will acquire 51% of the issued share capital of Ormin for a total consideration of R16 000 000 (?the Acquisition?).



Consideration (?Purchase Price?)

The Purchase Price of R16 000 000 will be settled as follows:

- R5 500 000 will be settled through the issue of 18 333 333 new shares in Labat to the Seller at a price of 30 cents per share; and

- The balance of R10 500 000 shall be funded by a loan granted by the Seller to Labat, which loan will bear interest at the prime rate and will be payable in quarterly instalments at the equivalent of 80% of Ormin?s profit after tax, as independently determined on a quarterly basis, until the loan has been paid in full.



Effective Date

The effective date for the Acquisition is 1 February 2017, subject to the fulfillment of the suspensive conditions noted below.



Suspensive conditions

The Acquisition is subject to the fulfilment of the following suspensive conditions by 1 February 2017, which date can be extended by the parties:

- Labat advising the Seller in writing that it is satisfied with the outcome of the remainder of the required due diligence investigation;

- The Board providing a certified extract of the Board resolution approving the Acquisition;

- Any regulatory approvals to the extent required; and

- Any approval in connection with the admission to listing of the Labat shares on the JSE, issued as part payment of the Purchase Price.



Partial withdrawal and renewal of cautionary announcement

Shareholders are referred to the cautionary announcement released on 16 January 2017 and are advised that, to the extent that it applied to the acquisition of Ormin, the cautionary announcement is withdrawn. However, Labat remains in various negotiations pertaining to, inter alia, new contracts and joint ventures and accordingly shareholders are advised to continue to exercise caution until a further announcement is made.
16-Jan-2017
(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.
30-Nov-2016
(C)
During 2015, the Group changed its year end from February to August making the results incomparable. Revenue for the year was R14.3 million and gross profit came in at R7.6 million. Operating profit of R0.3 million was recorded. Profit for the period from continuing operations was R8.4 million. In addition, headline earnings per share from continuing operations were 0.14cps.



Dividend

No dividend has been declared for the period under review (Rnil).



Prospects

Prospects for the year ahead are good. The existing business is showing good growth and the new logistics business has commenced in a very positive manner and the Company is already experiencing growth in revenues and it is also growing its network and client base aggressively.
30-Nov-2016
(Official Notice)
Shareholders are reminded that Labat changed its year-end from February to August in 2015. Accordingly, the twelve months for the year ended 31 August 2016 will be compared to the six months ended 31 August 2015 (?Comparative Period?) for purposes of this trading statement.



Pursuant to the further trading statement published on 29 November 2016, an amendment has been made to ?Other Income?. Accordingly it is expected that the company will report earnings and headline earnings of 0.14 cents per share for the year ended 31 August 2016 compared to a loss and headline loss of 1.00 cent per share for the Comparative Period, representing an improvement of 113%.
29-Nov-2016
(Official Notice)
Shareholders are reminded that Labat changed its year-end from February to August in 2015. Accordingly, the twelve months for the year ended 31 August 2016 will be compared to the six months ended 31 August 2015 (?Comparative Period?) for purposes of this trading statement.



Further to the initial trading statement published on 25 November 2016, it is expected that the company will report earnings and headline earnings of 0.25 cents per share for the year ended 31 August 2016 compared to a loss and headline loss of 1.00 cent per share for the Comparative Period, representing an improvement of 125%.
25-Nov-2016
(Official Notice)
Shareholders are reminded that Labat changed its year-end from February to August in 2015. Accordingly, the twelve months for the year ended 31 August 2016 will be compared to the six months ended 31 August 2015 (?Comparative Period?) for purposes of this trading update.



Accordingly, it is expected that the company will report improved results for the year ended 31 August 2016 by more than 100% compared to the Comparative Period, moving from a loss to a profit. However, the range cannot yet be identified.



The above information is intended to be an initial trading statement and is subject to change once the Company is closer to finalising its results for the year ended 31 August 2016, whereafter a further trading statement will be issued.



The financial information, on which this trading statement is based, has not been reviewed or reported on by the Company?s auditors.



30-Aug-2016
(Official Notice)
Labat is continuing with its strategy of building a major BEE Logistics group. To this end, the Company is in discussions with various parties to secure logistics capacity through small acquisitions, through joint ventures and sub contract agreements. The market is very supportive of the creation of a black-owned logistics group and indications are that substantial work is available to Labat. Labat has now won its first logistics work and deployed its first vehicles for a large mining company and the intention is to grow this contract and also secure other customers.



02-Jun-2016
(C)
During the first six months of the 2015 financial year, shareholders were advised that the group elected to change its year end from 28 February to 31 August. Therefore there are no comparatives. Revenue was recorded at R7.2 million, while operating loss came in at R1.1 million. Profit attributable to the owners was at R7.3 million. Headline earnings per share from continuing operations came in at 2.83cps.



Dividend

No dividend has been declared for the period under review (August 2015: Rnil).



Prospects

The prospects for the balance of the year ahead are sound. The SAMES business has the potential to grow in the next few years with the appropriate investment and marketing. The current rand weakness will help develop the market further and the range of products is being expanded. The logistics industry currently offers some interesting opportunities for a BEE company. All of the major logistics businesses are looking to work with a partner with suitable BEE credentials. Labat has just completed its new BEE certification, achieving a Level 1 status with 57% black ownership and 34% black female ownership. This BEE status presents major opportunity for Labat in the Logistics market. Labat is one of a very few listed companies with level 1 BEE certification.
15-Oct-2015
(Permanent)
Labat changed its year end from February to August each year.

01-Jun-2016
(Official Notice)
Shareholders are referred to the initial trading statement published on 13 January 2016 and the update announcement dated 13 April 2016. In the latter, shareholders were advised of Labat?s decision not to pursue the proposed acquisition of Reinhardt Transport Group (Pty) Ltd. any further due to the reasons stated therein.



Shareholders are advised that the earnings and headline earnings per share for the six months ended 29 February 2016 will be compared to the earnings and headline earning for the six months ended 31 August 2016 (?Comparable Period?) due to a change in year end from February to August during 2015.



Accordingly, shareholders are advised of the following relating to the company?s earnings per share and headline earnings per share:

* The earnings for the six months ended 29 February 2016 will be 2.28 cents per share, representing an increase of 383% on the loss per share of -1.00 cents for the Comparable Period;

* The headline earnings for the six months ended 29 February 2016 will also be 2.83 cents per share, representing an increase of 370% on the headline loss per share of -1.05 cents for the comparable period;

* The computation for earnings per share and headline earnings per share is based on 259 202 297 shares in issue for the year (255 892 000 for the Comparable Period). The number of shares in issue as at 29 February 2016 was 259 202 297, of which 2 810 023 are treasury shares.



The main reason for the improvement in results is as a result of the directors? decision to raise a deferred taxation asset on a portion of the assessed loss in its major operating subsidiary, which has been turned around and is now generating sustainable profits. The raising of the deferred taxation asset has been based on a five year budget for this entity.



The results for the six months ended 29 February 2016 are expected to be published on or before 14 June 2016.
05-May-2016
(Official Notice)
Shareholders are referred to the cautionary announcements dated 22 December 2015, 11 March 2016 and 17 March 2016 are advised that the negotiations referred to therein have been terminated.



Accordingly, caution is no longer required to be exercised by shareholders when dealing in the company?s securities.



26-Apr-2016
(Official Notice)
Further to the announcement released on SENS on 29 February 2016, shareholders are advised that at the AGM of Labat held on 26 April 2016, convened in terms of the notice of AGM contained in the Annual Report, the voting information is as follows:

*Number of ordinary shares represented at the meeting: 119 078 016

*Total issued number of ordinary shares: 259 202 297

*Percentage of ordinary shares represented at the meeting: 45,940%



13-Apr-2016
(Official Notice)
Shareholders of Labat are referred to the SENS announcements dated 17 March 2016 and 23 March 2016 and are advised that Labat has decided not to pursue the Proposed Acquisition any further. The board of Labat believes this decision to be in the best interest of Labat shareholders.



Initial trading statement by Labat for the year ending 31 August 2016

Shareholders are referred to the profit forecast for the year ending 31 August 2016 contained in the circular dated 18 November 2015 and are advised that the company expects that the earnings per share and headline earnings per share will be lower than the profit forecast of 21.25 cents and 18.82 cents respectively. This primarily relates to RTG profit forecasts which will not be met. Shareholders are reminded that Labat is in other acquisition negotiations as announced on SENS on 11 March 2016 and remains under cautionary in this regard. A further trading statement will be published once a range has been determined.



The board has further determined that it is premature to issue a trading statement against the prior comparative period.



Withdrawal of cautionary announcement

Shareholders are advised that the cautionary announcement issued on 17 March 2016 relating to the RTG acquisition is hereby withdrawn.



Renewal of cautionary announcement

Further to the cautionary announcement released on 11 March 2016, shareholders are advised that negotiations are still in progress relating to possible acquisitions of companies in the transport and logistics sector, which if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a full announcement is made.
23-Mar-2016
(Official Notice)
Following on from the announcement of 17 March 2016, shareholders are now advised that after a thorough review of the actual performance of RTG for the year to date, it is clear that the projected profits will not be met as published in Labat's circular dated 18 November 2015. The envisaged transaction and the funding of the various BEE applicants was based on those projections. Accordingly, it is impossible to see how the envisaged transaction can proceed on the basis of the terms approved by Labat shareholders at the general meeting held on Friday, 18 December 2015. As a result of the above, shareholders are advised to continue to exercise caution in dealing in their securities until a further announcement is made.
17-Mar-2016
(Official Notice)
The overall strategy of creating a large level 1 BEE logistics and transport group has been positively received by shareholders, with potential investors indicating full commitment to the strategy. There have been numerous approaches by traditional white owned, logistics businesses to become part of the vision.



Shareholders are referred to the cautionary announcement issued on 11 March 2016, which details other acquisitions and negotiations, and are updated as follows:

*The due diligence exercises are ongoing on the Elf Trans and Marble Hall dry bulk acquisitions and the parties have commenced with the drafting of formal legal agreements;

*Negotiations in relation to a fuel distribution business are at an advanced stage and the due diligence is almost complete and looks positive;

*Two other fuel distribution opportunities are being assessed;

*Negotiations are in an advanced stage to acquire a logistics business delivering coal to various Eskom power stations. This is in line with Labat?s focus on the local logistics market;

*Truck and Vehicle hire, other opportunities have been identified in the local truck leasing and third party distribution and logistics areas and discussions have commenced.



As a result of the above, shareholders are accordingly advised to exercise caution in dealing in their securities until further announcements are made.



17-Mar-2016
(Official Notice)
The RTG turnover is lower than expected and margins have been impacted negatively over the period ended 29 February 2016.



Whilst the recent Level 4 BEE certification and the 51% black ownership of Labat are starting to have a positive impact on the RTG business, the published forecast, as it relates to RTG, will not be achieved for the year ending 31 August 2016.



Given the performance of RTG, the directors have decided that the best approach is to properly assess the situation with the RTG vendor in order to restructure cash flows around the transaction that make sense to Labat, incoming investors as well as RTG. Labat still believes that the RTG business is fundamentally a good business, with a 30 year track record and is an excellent base upon which to build the broader logistics strategy.



Shareholders are accordingly advised to exercise caution in dealing in their securities until a further announcement is made.



11-Mar-2016
(Official Notice)
29-Feb-2016
(Official Notice)
Shareholders are advised that the company?s integrated report incorporating the financial statements for the six months ended 31 August 2015 was posted to shareholders on Monday, 29 February 2016 and is available on the company?s website, www.labat.co.za. The audited financial statements contain no changes to the reviewed provisional condensed consolidated financial results for the period ended 31 August 2015 released on the Stock Exchange New Service of the JSE Ltd. on 15 December 2015.



The audit opinion did not contain any qualifications or modifications and is available for inspection at the company?s registered office.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on Tuesday, 26 April 2016, at 23 Kroton Avenue, Weltevreden Park, to transact the business as stated in the notice of annual general meeting forming part of the integrated report.



Record Dates

The Board of Directors of the company has determined that the record date for the purposes of determining which shareholders of the company are entitled to receive notice of the annual general meeting is Friday, 19 February 2016.



The last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 8 April 2016. The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the meeting is Friday, 15 April 2016.
15-Jan-2016
(Official Notice)
Labat shareholders are referred to the announcement dated 8 January 2015 and are advised that the finalisation of written agreements between the RTG Vendor and BEE groupings is still in process. In addition, the controlling shareholder of Labat, Link Private Equity Investments Pty Ltd is entering into a voting pool agreement with, inter alia, the RTG Vendor which will be signed ahead of the listing of the shares.



An application to list the shares will be submitted to the JSE Limited once the above voting pool and funding agreements have been finalised and signed. Accordingly, a further announcement will be published on the Stock Exchange News Service notifying shareholders of the new listing date and the date of transfer to the Main Board.

13-Jan-2016
(Official Notice)
Shareholders are reminded that Labat changed its year-end from February to August last year and so reported on a six month period ended 31 August 2015, which was also the first six months of trading for that financial year. Accordingly, the first six months for the period ending 29 February 2016 will be compared to the six months ended 31 August 2015 (?Comparative Period?) for purposes of this trading update. As announced on SENS on 8 January 2016, the Company has now concluded the acquisition of Reinhardt Transport Group (Pty) Ltd.



Accordingly, it is expected that the company will report substantially improved results for the six months ending 29 February 2016 by more than 100% compared to the Comparative Period, moving from a loss to a profit as the results of RTG will be consolidated for a portion of this six month period once the date of control in accordance with IFRS has been determined. However, the range cannot yet be identified.



The above information is intended to be an initial trading statement and is subject to change once the Company is closer to finalising its results for the six months ending 28 February 2016, where after a further trading statement will be issued.
08-Jan-2016
(Official Notice)
Labat shareholders are referred to the circular dated 18 November 2015 which contained salient dates of the Private Placing and which offer opened on Monday, 21 December 2015 and is due to close at 12h00 on Friday, 8 January 2016.



The directors are pleased to advise that applications far exceeding the required R375 million have been received from certain strategic value-adding and substantial BEE investors, which applications have been accepted by the Company but may need to be pro-rated. The Company is pleased to advise that it has secured agreement from the RTG Vendor to allow for bridging funding to the BEE groupings for the R330m required to conclude the RTG Acquisition, whilst the funding of the various BEE companies is being finalised.



This allows for the acquisition to be concluded unconditionally and the shares in relation to the RTG acquisition will be listed on or about 15 January 2016. The balance of the shares for the additional R45m will only be listed once the cash is received. The results of the offer will be announced in due course as well as the date of the transfer of the listing to the Main Board. The Labat board of directors extends its welcome to the RTG team.
23-Dec-2015
(Official Notice)
Labat shareholders are referred to the circular dated 18 November 2015 which contained salient dates of the Private Placing and which offer opened on Monday, 21 December 2015 and was due to close at 12h00 on Wednesday, 23 December 2015.



Shareholders are advised that, due to the time of year and following receipt of signed irrevocable undertakings to subscribe for shares, a firm confirmation of interest and a request from certain strategic value-adding and substantial BEE investors who are in the process of arranging funding but require additional time, the offer period has been extended to 8 January 2015.



New Salient dates

The new salient dates are set out below:

*Closing of Private Placement at 12:00 on - Friday, 8 January 2016

*Listing of shares issued and transfer of the listing to the Main Board of the JSE and transfer to the Transport Sector from commencement of trade on - Friday, 15 January 2016



Notes:

*Unless otherwise indicated, all dates and times are South African dates and times. Any change in the above dates will be published on SENS.



Terms of the Private Placing

Other than the revision of the timelines as set out in this announcement all other terms of the Private Placing as contained in the circular remain unchanged.
22-Dec-2015
(Official Notice)
18-Dec-2015
(Official Notice)
The directors of Labat announced that, further to the announcement released on SENS on 16 November 2015, at the general meeting of Labat held on 18 December 2015, convened in terms of the notice of general meeting contained in the circular to shareholders dated 18 November 2015, the voting information is as follows:

*Total issued number of ordinary shares: 259 202 297

*Total number of ordinary shares eligible for voting (excluding 3 210 023 Treasury Shares): 255 992 274

*Number of ordinary shares represented at the meeting: 144 934 407

*Percent of ordinary shares represented at the meeting: 55.92%



Change in role of a non-executive director

Shareholders are advised that Mr Dawood Asmal has been appointed as Financial Director of RTG and his role at Labat will change from non-executive to executive director with effect from the date of acquisition of RTG.



Salient dates of the private placement of shares

Shareholders are reminded of the salient dates of the private placement below:

*Opening of private placement at 09h00 on Monday, 21 December 2015

*Closing of private placement at 12h00 on Wednesday, 23 December 2015

*Listing of Shares issued in terms of the Private Placement and transfer of the listing to the Transport Sector of the Main Board from commencement of trade on: Wednesday, 30 December 2015



Any changes to the above dates and times will be announced on SENS.
14-Dec-2015
(C)
Revenue for the interim period fell to R7.5 million (2014: R12.1 million). Gross profit dropped to R5 million (2014: R8.2 million), operating loss was R2.7 million (2014: profit of R1.4 million), loss profit from continuing operations widened to R2.7 million (2014: profit of R1 million), while headline loss per share came in at 1.05cps (2014: earnings of 0.40cps).



Dividends

No dividend has been declared for the period under review (February 2015: Rnil). The board will be considering the declaration of dividends pursuant to the acquisition of RTG as stated in the circular to shareholders.



Prospects

Prospects for the year ahead are very positive. The existing business is expected to show positive growth and our acquisition strategy and plan is progressing well. The Company has included a profit forecast in its circular to shareholders dated 18 November 2015, which is available on the company's website.
11-Dec-2015
(Official Notice)
Shareholders are reminded that Labat changed its year-end from February to August. In that regard, this trading statement relates to the new year-end, being the six months ended 31 August 2015, the corresponding period in 2014 as well the year ended 28 February 2015. Accordingly, shareholders are advised that the company will be reporting a loss for the six months ended 31 August 2015 compared to the earnings per share and headline earnings per share for the prior six months ended 31 August 2014 as well as the year ended 28 February 2015 as follows:

Earnings per share

*31 August 2014: 2,33

*31 August 2015 :-0,01

*28 February 2015: 0.59



Headline earnings per share

*31 August 2014: 1,32

*31 August 2015: -1,00

*28 February 2015: 0.61



The Company expects to publish its reviewed results on Monday, 14 December 2015.



The financial information, on which this trading statement is based, has not been reviewed or reported on by the company?s auditors.

10-Dec-2015
(Official Notice)
Shareholders of Labat are advised that the Company is currently in advanced discussions relating to the potential acquisition by Labat of two dry bulk logistics companies and a raw material bulk carrier operating in the private sector. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities.
27-Nov-2015
(Official Notice)
Posting of supplementary circular

Shareholders are referred to the announcement released on SENS on 24 November 2015 as well as the circular dated 18 November 2015 (?November Circular?), in which Shareholders were advised that the pro forma financial effects that were disclosed in the November Circular have been revised and that a supplementary circular was required as a result (?Supplementary Circular?). Shareholders are accordingly advised that the Supplementary Circular was posted.



Date of general meeting

Shareholders are referred to the announcement dated 16 November 2015 and are reminded that the general meeting for the purpose of voting on the proposed resolutions relating to the Acquisition will be held at 10h00 on Friday, 18 December 2015 at 23 Kroton Avenue, Weltevreden Park, 1709.



FTSE re-classification

The Board of Labat is pleased to advise that FTSE has approved the reclassification of Labat as 2777 Transportation Services on the Main Board of the JSE Ltd, subject to shareholder approval of the Acquisition and associated resolutions.
24-Nov-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 12 November 2015 as well as the circular dated 18 November 2015 (?November Circular?), in which Shareholders were advised that the Company has concluded a subscription and buy-back agreement, and addendums thereto, for the acquisition of a 100% interest in RTG for a total consideration of R560 million to be financed through a combination of debt and equity arrangements.



Further to the above, Shareholders are advised that the pro forma financial effects that were contained in the November Circular have been revised as a result of the accounting treatment of the fair value adjustment of the vendor loan at initial recognition amounting to R32.350 million due to the deferred vendor consideration not attracting interest being recognised as a fair value gain through the Statement of Comprehensive Income as opposed to being applied as a reduction to the cost of acquisition. This was due to the structure of the transaction being by way of a cash subscription for new shares in RTG and then a share buy-back of shares in RTG from the RTG Vendors.

On further investigation into the IFRS treatment, due to the integral nature of the deferred vendor consideration to the purchase transaction and consideration payable, the Company has been advised that it is more appropriate to apply the R32.350 million gain against the cost of the investment, which has the effect of reducing goodwill on consolidation. All other pro forma financial effects remain the same as detailed in the November Circular.



The above change has resulted in a change of more than 10% from the previously published pro forma financial effects and accordingly, in accordance with paragraph 11.56 of the JSE Ltd. Listings Requirements, a supplementary circular is required. Accordingly, the reporting accountant has withdrawn its report on the pro forma financial effects as detailed in the November Circular and a new report will be contained in the supplementary circular.



Shareholders are reminded that, save as disclosed above, there has been no significant change and no significant new matter that has arisen since publication of the November Circular. Accordingly, the supplementary circular has been submitted to the JSE and will be distributed to Shareholders as soon as practicable. The revised pro forma financial effects will be published on SENS in due course.
23-Nov-2015
(Official Notice)
As previously announced on 12 June 2015, GEM, a USA based private equity fund had extended its funding commitment with an equity facility of USD100 million (R1.2 billion) to Labat for a further five years, to fund further acquisitions in the transport and logistics sector.



Following communication with Global Emerging Markets (GEM) surrounding GEM?s recent request for shareholder approval of a number of warrants at 30 cents per share as well as an interrogation of the new BEE Codes, the board of directors has elected to terminate the equity facility on the basis of the cost, the fact that shareholder approval for the issue of the shares at 30 cents is unlikely to be approved by its shareholders as well as the need to remain as a black-owned company.



The company would like to thank GEM for its support over the years.
16-Nov-2015
(Official Notice)
Shareholders are referred to the Company?s announcement dated 12 November 2015 in terms of which shareholders were advised on the further amended terms of the acquisition of a 100% interest of RTG by Labat for a total consideration of R560 million (?the Transaction?). Shareholders are advised that the JSE Limited has approved the circular incorporating details of the Transaction and a notice of general meeting to shareholders today. Accordingly, the circular is in the process of being printed and will be posted on or about 18 November 2015.



Notice of general meeting

Shareholders are advised that a general meeting for the purpose of voting on the proposed resolutions relating to the Transaction will be held at 10h00 on Friday, 18 December 2015 at 23 Kroton Avenue, Weltevreden Park, 1709.



Salient dates

The salient dates relating to the Transaction are set put below:

*Record date to determine which shareholders are eligible to receive the circular Friday, 13 November 2015

*Last day to trade in order to be eligible to vote Friday, 4 December 2015

*Record date in order to be eligible to vote Friday, 11 December 2015

*Last day for receipt of proxy forms by 10h00 on Tuesday, 15 December 2015

*General meeting to be held at 10h00 on Friday, 18 December 2015

*Results of general meeting to be published on SENS by Friday, 18 December 2015

*Results of the general meeting published in the press Monday, 21 December 2015

*Opening of private placement at 09h00 on Monday, 21 December 2015

*Closing of private placement at 12h00 on Wednesday, 23 December 2015

*Listing of Shares issued in terms of the Private Placement and transfer of the listing to the Transport Sector of the Main Board from commencement of trade onWednesday, 30 December 2015

12-Nov-2015
(Official Notice)
Shareholders are referred to the Company?s announcement dated 15 October 2015 in terms of which shareholders were advised on the amended terms of the acquisition of a 100% interest of RTG by Labat for a total consideration of R560 million (?the Transaction?). Shareholders are advised that Labat and the RTG Vendors have now concluded a second amended agreement incorporating a reduction of the vendor loan associated with the Transaction, as requested by the JSE Ltd., in order for the company to comply with the Main Board Listings Requirements of the JSE.



Further amended terms of the Transaction

In terms of the Second Addendum to the buy-back and subscription agreement, parties have agreed to amend the Transaction to reduce the vendor loan from R275 million to R230 million. The RTG Vendor has agreed to subscribe to an additional 30 million shares at R1.50 per share, amounting to R45 million. .



The deferred vendor finance of R230 million is payable as follows:

*R45m on 31 January 2016;

*R90 on 1 August 2016;

*R95 million on 31 January 2017.



Conditions Precedent

The Transaction is still subject to shareholder and JSE approval. The Circular to shareholders will be posted in the next few days.
15-Oct-2015
(Official Notice)
07-Oct-2015
(Official Notice)
Shareholders are referred to the announcement dated 30 July 2015 regarding an extension granted to Labat by the JSE for posting of a circular to shareholders (?Circular?) relating to the Proposed Transaction.



Shareholders are advised that the JSE has granted the company a further extension to post the Circular by no later than 16 November 2015, due to the fact that the audit of the historical financial information of RGT for the year ended 31 July 2015, and the conversion to full International Financial Reporting Standards, including the restatement of 2014 and 2013 financial information, is taking longer than planned.



The company is preparing the Circular, which requires the inclusion of the above historical financial information.
02-Oct-2015
(Official Notice)
Further to the announcement released on SENS on 1 September 2015, shareholders are advised that at the AGM of Labat held on 2 October 2015, convened in terms of the notice of AGM contained in the Annual Report, the resolutions proposed at the general meeting were all passed by the majority.
11-Sep-2015
(Official Notice)
Shareholders are referred to the detailed terms announcement released on the Stock Exchange News Service of the JSE Ltd. on 11 June 2015 regarding the Proposed Acquisition, and are accordingly advised that the company has received an unconditional approval from the Competition Commission on 8 September 2015 to proceed with the Proposed Acquisition.



Shareholders are further advised that a circular incorporating full detail of the Proposed Acquisition and notice of general meeting for the purpose of voting in favour of the transaction will be posted in due course.
01-Sep-2015
(Official Notice)
Shareholders are advised that the company?s integrated annual report incorporating the annual financial statements for the year ended 28 February 2015 was posted on the company?s website, www.labat.co.za on 31 August 2015 and will be posted to shareholders shortly. The audited annual financial statements contain no changes to the provisional condensed consolidated results for the year ended 28 February 2015 released on SENS on 15 June 2015. The audit opinion did not contain any qualifications or modifications and is available for inspection at the company?s registered office.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on Friday, 2 October 2015, at 23 Kroton Avenue, Weltevreden Park, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.
30-Jul-2015
(Official Notice)
On 12 June 2015, Labat released an announcement in terms of which the Company?s shareholders were advised of the final terms of the Proposed Acquisition (?Final Terms Announcement?). As the Proposed Acquisition is classified as a Category 1 transaction and a reverse listing in terms of the JSE Limited (?JSE?) Listings Requirements, Labat is required to dispatch a circular to shareholders (?Circular?) within 60 days of the Final Terms Announcement. Furthermore, the Circular must include audited historical financial information for RTG for the three years preceding the date of the Circular. It is anticipated that the first draft of the annual financial statements of RTG for the year ended 31 July 2015 will be completed on or about 31 August 2015, thus only enabling a first submission of the Circular to the JSE around the first week of September 2015.



Due to time constraints between the release of the Final Terms Announcement and RTG?s ensuing year end date, as well as a handover of audit from RTG?s previous auditors to Nexia SAB-T, who have been appointed by Labat as reporting accountants in relation to the requisite historical financial information, the Company has requested the JSE an extension to post the Circular on or about 5 October 2015, which falls outside the 60 day stipulated time frame. Shareholders are accordingly advised the JSE has granted the Company an extension to post the circular by no later than 5 October 2015.

10-Jul-2015
(Official Notice)
Shareholders are referred to the Company?s announcement of 12 June 2015 regarding Labat?s intention to acquire a 100% interest in RTG.



Shareholders are advised that all conditions precedent set out in the Subscription and Buy-Back Agreement relating to the Acquisition have been fulfilled, except for the following:

*JSE Ltd. approval;

*Competition Commission approval; and

*Shareholder approval.



Shareholders will be further advised once the above conditions have been fulfilled.
09-Jul-2015
(Media Comment)
Business Day announced that most conditions precedent in the Reinhardt reverse takeover had been met. CEO Brian van Rooyen commented, " It's been 20 years but it finally feels like we are gaining real momentum. Labat has a few options available, and we could line up a couple more acquisitions this year. There are many logistics companies (of) the same size as Reinhardt that are sitting without proper empowerment". The Reinhardt deal fuelled an upsurge in market sentiment for Labat as the share price increased from a pre-deal 10c to R1.10, while a shift in listing for Labat from the venture capital board to the Main board of the JSE is on the cards. The Reinhardt deal will immediately provide Labat with established and profitable operating assets.
15-Jun-2015
(C)
Revenue for the year increased to R12.1 million (2014: R10 million). Gross profit rose to R8.2 million (2014: R6.5 million), operating profit turned around to R1.4 million (2014: loss of R5.6 million), profit for the year attributable to owners of the parent was R1.4 million (2014: loss of R6.9 million). Furthermore, headline earnings per share from continuing operations was 0.40cps (2014: loss of 3.01cps).



Dividends

In line with group policy, no dividend has been declared.



Prospects

Prospects for the year ahead are very positive and shareholders are referred to the separate announcement relating to the intended acquisition of Reinhardt Transport Group (?RTG?). The existing business is also expected to grow as mentioned above and our acquisition strategy and plan is progressing well.
12-Jun-2015
(Official Notice)
Further to the initial trading statement published on 29 May 2015, shareholders are advised that the company will be reporting a profit for the year ended 28 February 2015 compared to a loss for the prior year ended 28 February 2014. The company accordingly advises as follows:

* the earnings per share is expected to move to 0.59 cents per share for the year ended 28 February 2015 from a loss of (3.46) cents per share for the prior period representing an improvement of 117%;

* the earnings per share from continuing operations is expected to move to 0.42 cents per share for the year ended 28 February 2015 from a loss of (3.03) cents per share for the prior period representing an improvement of 114%;

* the headline earnings per share is expected to move to 0.61 cents per share for the year ended 28 February 2015 from a loss of (3.35) cents per share for the prior period representing an improvement of 118%;

* the headline earnings per share from continuing operations is expected to move to 0.40 cents per share for the year ended 28 February 2015 from a headline loss of (3.02) cents per share for the prior period representing an improvement of 113%;



The company expects to publish its reviewed results on Monday, 15 June 2015.
12-Jun-2015
(Official Notice)
03-Jun-2015
(Official Notice)
The Directors of Labat have noted high volumes of trade in the company?s securities over recent weeks with over 36 million shares having traded. Accordingly, Labat would like to remind its shareholders of their duty to advise the Company Secretary of any purchases or sales that go through 5% levels, either upwards or downwards. For example, if your shareholding moves down from 10.1% to 9.9% a Section 121.1 declaration is required to be sent to the Company and then the Company in turn is obliged to advise the Takeover Regulation Panel of such movement. Labat has put a Section 121.1 form on its website at www.labat.co.za for shareholders? ease of access. The form should be e-mailed to Cidalina.r@arborcapital.co.za.
29-May-2015
(Official Notice)
A review of the expected results for the year ended 28 February 2015 has indicated that the company will report improved results by more than 20% compared to the prior year. At the audit committee meeting adjustments were identified which required further consideration by the auditor and IFRS advisor as well as additional supporting documentation. These potential adjustments will result in a further improvement in the results. However, the range cannot yet be identified. Accordingly, the above information is intended to be an initial trading statement and is subject to change once the company is closer to finalising its results for the year ended 28 February 2015, which results are expected to be finalised during the course of next week, where after a further trading statement will be issued.



The Company expects to publish its reviewed results during the course of next once the technical review has been completed. In addition to the above, shareholders are advised that Labat and Reinhardt Transport Group (?RTG?) are in the process of finalising the sale and purchase agreement for the acquisition of the RTG business and assets and that the final agreement is also expected to be signed during the course of next week. Accordingly, shareholders are reminded to continue to exercise caution when dealing in their securities until a further announcement is made.
19-May-2015
(Official Notice)
28-Apr-2015
(Official Notice)
13-Mar-2015
(Official Notice)
Further to our announcements of 21 February 2014, 7 April 2014, 29 April 2014, 16 May 2014, 27 June 2014, 8 August 2014, 19 September 2014, 3 November 2014 15 December 2014 and 30 January 2015 respectively, regarding Labat?s participation in various rail related initiatives. The company is also exploring other logistic opportunities and has been notified that it has been short-listed as a preferred bidder in relation to a potential acquisition.



Various rail and road related transactions and negotiations are still in progress and if successfully concluded, may have an effect on the price at which the company?s securities trade.



Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until a full announcement is made.
19-Feb-2015
(Official Notice)
Shareholders are advised that the Company?s annual financial statements for the year ended 28 February 2014 together with the comparative figures (collectively, ?2014 AFS?) as published, 6 June 2014 on SENS were misstated. The misstatement of the 2014 AFS was identified following the JSE Limited?s (?JSE?) pro-active monitoring process (?Pro-active Monitoring?) whereby the 2014 AFS were selected for review by the JSE.



During the financial period ended 28 February 2014, Labat entered into an agreement to dispose of its land and buildings. The land and buildings were therefore accounted for as a disposal group in accordance with IFRS 5: Non-current Assets Held for Sale (IFRS 5). The misstatement occurred as a result of incorrectly applying the requirements of IFRS 5 in accounting for the movement of the revaluation reserve in the statement of other comprehensive income as part of the profit from discontinued operations, as well as errors made in the calculation of the deferred tax implications on the fair value adjustment. Furthermore, it was identified that the deferred tax on the revaluation of the land portion, was not accounted for at a capital gains tax rate as required by IAS 12: Income Taxes which resulted in the comparative figures being misstated.



Basis of preparation of the Restatement

The restated financial information regarding the 2014 AFS has been prepared by David O?Neill in his capacity as Financial Director, in accordance with IFRS and the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee. The accounting policies applied in arriving at the restated financial results are consistent, in all material respects, with those applied in the 2014 AFS. 3. Restated 2014 AFS

04-Feb-2015
(Official Notice)
Shareholders are advised that Mr Stanton van Rooyen has resigned as Company Secretary with effect from 31 January 2015, although he remains with the company and will be focussing on developing the logistics business within the group.



Arbor Capital Company Secretarial (Pty) Ltd. (?ACCS?) has been appointed with effect from 2 February 2015.
30-Jan-2015
(Official Notice)
Further to our announcements of 21 February 2014, 7 April 2014, 29 April 2014, 16 May 2014, 27 June 2014, 8 August 2014, 19 September 2014, 3 November 2014 and 15 December 2014 respectively, regarding Labat?s participation in various rail related initiatives. The company is also exploring other logistic opportunities and has been notified that it has been short-listed as a preferred bidder in relation to a potential acquisition.



Various rail and road related transactions and negotiations are still in progress and if successfully concluded, may have an effect on the price at which the company?s securities trade. Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until a full announcement is made.
15-Dec-2014
(Official Notice)
Renewal of cautionary announcement

Further to our announcements of 21 February 2014, 7 April 2014, 29 April 2014, 16 May 2014, 27 June 2014, 8 August 2014, 19 September 2014 and 3 November 2014 respectively, regarding Labat?s participation in various rail related initiatives.



Various rail related transactions and negotiations are still in progress and if successfully concluded, may have an effect on the price at which the company?s securities trade.

Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until a full announcement is made.

12-Dec-2014
(C)
Revenue increased to R8.2 million (R5.2 million). Gross profit increased to R5.9 million (R3.3 million). The operating profit rose to R1.6 million (loss of R1.5 million). The net attributable was recorded at R5 million (loss of R1.5 million). In addition, the headline earnings per share improved to 1.32cps (loss of 0.75cps).



Dividend

In line with group policy, no dividend has been declared. When deemed appropriate, a dividend will be declared.



Outlook

Apart from the further development of the SAMES business as well as sustainable organic growth, Labat has identified various potential acquisitions with a focus on the Rail Industry. These initiatives are being pursued with the assistance of Global Emerging Markets (GEM) who have provided a $100 million equity line of credit for these acquisitions. Shareholders are reminded that the Company is trading under cautionary in this regard.
11-Dec-2014
(Official Notice)
Shareholders are advised that Labat expects to report that earnings per share for the six months ended 31 August 2014 will be 1.35 cents from continuing operations and 0.98 cents from discontinued operations, giving a total of 2.33 cents per share compared to a loss of 0.75 cents per share for the prior comparative six month period ended 31 August 2014. This represents an improvement of 280% on the prior period earnings per share for continuing operations and a 410% improvement in total earnings per share.



Similarly headline earnings per share for the six months ended 31 August 2014 will be 1.38 cents per share compared to a loss of 0.75 cents per share for the prior comparative six month period ended 31 August 2014. This represents an improvement of 284% on the prior period headline earnings per share.



The company?s interim results announcement for the six months ended 31 August 2014 is expected to be published on or about 12 December 2014.
01-Dec-2014
(Official Notice)
Further to the announcement released on SENS on 23 September 2014, shareholders are advised that at the general meeting of Labat held on 28 November 2014, all the resolutions were passed.
11-Nov-2014
(Official Notice)
Shareholders are referred to the announcement published on 23 September 2014 and are advised that the Annual Report was posted last week following substantial delays due to the post office strike action. The Annual Report remains available to shareholders on Labat's website.

03-Nov-2014
(Official Notice)
Further to our announcements of 21 February 2014, 7 April 2014, 29 April 2014, 16 May 2014, 27 June 2014, 8 August 2014 and 19 September 2014 respectively, regarding Labat's participation in various rail related initiatives.



Various rail related transactions and negotiations are still in progress and if successfully concluded, may have an effect on the price at which the company?s securities trade.



Shareholders are accordingly advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.

23-Sep-2014
(Official Notice)
19-Sep-2014
(Official Notice)
Further to the announcements of 21 February 2014, 7 April 2014, 29 April 2014, 16 May 2014, 27 June 2014 and 8 August 2014 respectively, regarding Labat's participation in various rail related initiatives. These transactions and negotiations when successfully concluded, may have an effect on the price of which the company's securities trade.



Shareholders are accordingly advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.
08-Aug-2014
(Official Notice)
Further to our announcements of 21 February 2014, 7 April 2014, 29 April 2014, 16 May 2014 and 27 June 2014 respectively, regarding Labat?s participation in various rail related initiatives. These transactions and negotiations when successfully concluded, may have an effect on the price of which the company?s securities trade.



Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until a full announcement is made.
27-Jun-2014
(Official Notice)
Further to our announcements of 21 February 2014, 7 April 2014, 29 April 2014 and 16 May 2014 respectively, regarding Labat's participation in various rail related initiatives such as:

* the participation in rolling stock fleet upgrade;

* the proposed acquisition of controlling interest in Imfuyo Projects (Pty) Ltd..; and

* the Women in Rail Initiative whereby Labat has entered into an agreement with a Women's Group who is part of the Women in Rail Initiative of PRASA to be their partner in building capacity in Rail to take advantage of existing opportunities and creating real Women in Rail Industrialists.



These transactions and negotiations when successfully concluded, may have an effect on the price of which the company?s securities trade. Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until a full announcement is made.
25-Jun-2014
(Official Notice)
The company announces the resignation of the Company Secretary, Mr Alison Britto with effect 12 June 2014.



As detailed in the Change of Company Secretary announcement published on SENS on 12 June 2014, Mr Stanton van Rooyen will replace Mr Britto in this role.
12-Jun-2014
(Official Notice)
The company announces the appointment of Stanton van Rooyen as Company Secretary to the group with effect from 13 June 2014.
10-Jun-2014
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the auditor's report on the above company's Audited Provisional results for the year ended 28 February 2014 contains a modification. Shareholders are advised to refer to the provisional results to ascertain the exact nature of the modification.



Accordingly, the company's listing on the JSE trading system will continue to reflect an "E" annotation to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modification.



This announcement has been placed by the JSE in the interest of shareholders.
06-Jun-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 16 May 2014 and are advised that the company is still in negotiations with various companies in the Rail sector with a view to acquiring capacity in order to take advantage of major Rail opportunities both in South Africa and Africa. If negotiations are successfully concluded, it may have an effect on the price at which the company's securities trade. Shareholders are accordingly advised to exercise caution when dealing in the company's securities until a full or further announcement is made.
06-Jun-2014
(C)
Revenue for the year lowered to R9.9 million (2013: R13.1 million). Operating loss came in at R5.6 million (2013: profit of R2.1 million), while loss from continuing operations soared to R6 million (2013: profit of R326 000). Furthermore, headline loss per share from continuing operations was higher at 3.01cps (2013: loss of 0.08cps).



Dividends

In line with group policy, no dividend has been declared.
30-May-2014
(Official Notice)
A review by management of the financial results for the year ended 28 February 2014 has indicated that the basic loss per share for continuing operations is expected to increase to between (3.0) cents and (3.1) cents per share from the prior year ended 28 February 2013 of (0.23) cents and loss per share for discontinuing operations is zero for the current year. The headline earnings per share is expected to improve to between 1.20 cents to 1.25 cents per share from the headline earnings of 0.03 cents per share as published for the previous corresponding period.
27-May-2014
(Official Notice)
Shareholders are referred to the SENS announcements dated 13 September 2013, 10 October 2013, and 19 November 2013 relating to the Labat rights offer circular ("the Rights Offer") dated 23 December 2013 and the supplementary circular dated 5 May 2014.



In terms of the Rights Offer, Labat offered 202 212 023 new ordinary shares ("the Rights Offer Shares") to qualifying Labat shareholders in the ratio of 100 Rights Offer Shares for every 100 Labat ordinary shares held on the Rights Offer record date.



The Rights Offer was underwritten by the controlling shareholder of Labat, Link Private Equity (Pty) Ltd. ("the Underwriter").



Labat shareholders who have subscribed for the Rights Offer are advised that:

*share certificates will be posted to the holders of certificated Labat shares on or about Wednesday, 28 May 2014; and

*the Central Securities Depository Participant ("CSDP") or broker accounts of holders of dematerialised Labat shares will be credited with the Rights Offer Shares and debited with any payments due on Wednesday, 28 May 2014



In addition to the above, in compliance with Section 122(3)(b) of the Companies Act, 2008 (No. 71 of 2008) and paragraph 3.83(b) of the Listings Requirements of the Johannesburg Stock Exchange, shareholders are advised that Link Private Equity (Pty) Ltd.'s direct shareholding will increase to 41.1% of the increased shares in issue pursuant to the underwriting subscription. The appropriate notification in terms of section 122(1) and 122(2) will be filed with the Takeover Regulation Panel.
16-May-2014
(Official Notice)
29-Apr-2014
(Official Notice)
Shareholders are referred to the announcements released on SENS on 21 February 2014 and 7 April 2014 and are advised that the company is still in advanced negotiations with both international and local companies in the Rail sector with a view to acquiring capacity in order to take advantage of major Rail opportunities both in South Africa and Africa.



If negotiations are successfully concluded, it may have an effect on the price at which the company's securities trade. Shareholders are accordingly advised to exercise caution when dealing in the company's securities until a full announcement is made.
29-Apr-2014
(Official Notice)
07-Apr-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 21 February 2014 and are advised that the company is still in advanced negotiations with both International and local companies in the Rail sector with a view to acquiring capacity in order to take advantage of major Rail opportunities both in South Africa and Africa.



If negotiations are successfully concluded, it may have an effect on the price at which the company's securities trade. Shareholders are accordingly advised to exercise caution when dealing in the company's securities until a full announcement is made.
04-Mar-2014
(Official Notice)
Shareholders are advised that Mr Dawood Asmal CA (SA) has been appointed as a Non-executive director of the company with effect date hereof.

21-Feb-2014
(Official Notice)
Shareholders are advised that the company has entered into final negotiations with an international company in the Rail sector. If successful negotiations are concluded it may have an 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.
14-Feb-2014
(Official Notice)
Shareholders are advised that the Company has to make changes to the salient dates of the Rights Offer that were announced on SENS on 30 December 2013. This is due to the Commissioner of Companies and Intellectual Property ("CIPC") not yet registering the special resolutions that were passed at the General Meeting held on 17 January 2014. The Company is currently in the process of resolving the delay at CIPC and will announce the revised salient dates as soon as practicable.
17-Jan-2014
(Official Notice)
At the general meeting of Labat shareholders held on 17 January 2014, the special and ordinary resolutions approving inter alia the conversion of par value shares to no par value shares, the increase in the number of Labat?s authorised shares, the authority to issue more than 30% new shares ahead of a proposed rights offer, the approval of the adoption of a new MOI, the approval of the disposal of property to non- related parties, and the granting of authority to directors to effect the above actions were passed by the requisite majority of votes.



The special resolutions to convert Labat's par value shares to no par value shares, to amend Labat's memorandum of incorporation and to increase the number of Labat's authorised shares will be lodged with the Companies and Intellectual Property Commission for registration.
02-Jan-2014
(C)
Revenue declined to R5.2 million (R8.3 million). Gross profit decreased to R3.3 million (loss of R5.3 million). The operating loss narrowed to R1.5 million (loss of R1.8 million). The net attributable loss was also smaller at R1.5 million (loss of R1.8 million). In addition, the headline loss per share improved to 0.75cps (loss of 0.92cps).



Outlook

SAMES is now well positioned for substantial generic growth and by acquisition. Acquisitions and strategic JV's are being pursued in various sectors including Rail and Infrastructure Development, Energy Resources and Pharmaceuticals.
30-Dec-2013
(Official Notice)
09-Dec-2013
(Official Notice)
Accordingly, a review by management of the improved financial results for the six month period ended 31 August 2013 has indicated that the basic loss per share is expected to reduce by between 20% and 40%, and the headline loss per share is expected to reduce by between 20% and 40%, from the unaudited figures of the previous corresponding period ended 31 August 2012.
29-Nov-2013
(Official Notice)
The board of directors of the company advise that, at the Annual General Meeting of shareholders held at the company?s offices today, the ordinary resolutions as set out in the notice of Annual General Meeting contained in the company?s 2013 Annual Financial Statements were duly passed by the requisite majority votes. All special resolutions were similarly adopted, and where necessary will be filed with CIPC for registration.

19-Nov-2013
(Official Notice)
Pursuant to the proposed disposal of the SAMES Property as well as the previously announced rights offer, shareholders are advised to exercise caution when dealing in the company's securities until pro forma financial effects are announced.
19-Nov-2013
(Official Notice)
10-Oct-2013
(Official Notice)
Withdrawal of cautionary

Shareholders are advised that further to the cautionary announcement and detailed cautionary announcements dated 17 May 2013, 21 June 2013, 02 August 2013 and 13 September 2013 respectively, the company is no longer in negotiations for the acquisition of a number of licences issued by the Government of Namibia to Palatina as the company failed to reach an agreement with the parties. The company however is still exploring various acquisitions in the energy sector and other sectors that would increase shareholder value. The company therefore hereby withdraws the cautionary announcement relating to the negotiations with Palatina, However the company will still try and pursue an alternative transaction with Palatina.



New cautionary

Pursuant to the abovementioned proposed rights offer and proposed disposal of the SAMES Property, shareholders are advised to exercise caution when dealing in the company?s securities until pro forma financial effects are announced.
10-Oct-2013
(Official Notice)
13-Sep-2013
(Official Notice)
Further to the cautionary announcement and detailed cautionary announcements dated 17 May 2013, 21 June 2013 and 02 August 2013 respectively, the company remains in negotiations, subject to a due diligence and conditions precedent, for the acquisition of a number of licences issued by the Government of Namibia to Palatina, for the right to engage in the exploration and development of oil and gas in off-shore Namibia as well as an intended rights offer. The company is also considering the disposal of its SAMES property, which will require the approval of shareholders in a general meeting. Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until full and further announcements are made.
02-Sep-2013
(Official Notice)
The audited group annual financial statements contains certain adjustments that were made when compared to the reviewed condensed preliminary consolidated financial results which were published on SENS on 3rd June 2013, which is detailed below. During the course of finalising the audit for the year ended 28 February 2013, it was identified that cash flows relating to South African Revenue Services statutory levies was incorrectly disclosed under Net Flow from Operating Activities instead of Net Flow from Financing Activities. This has now been adjusted for.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of ordinary shareholders will be held in the boardroom, Labat 23 Kroton Avenue, Weltevreden Park, Johannesburg, at 15:00 on Friday, 29 November 2013, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



Record date

The record date for posting of the integrated annual report is Friday, 30 August 2013. The record date which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the meeting is Friday, 22 November 2013. The last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 15 November 2013.
26-Aug-2013
(Official Notice)
The board of directors of Labat hereby notifies its shareholders that Mr D Lupungela has been removed as an Independent Non-Executive Director with effect from date hereof. The reasons for his removal relate to inter alia;

* that he has not attended board meetings regularly,

* he has failed to responded to urgent communications from the Chief Executive Officer regarding critical company issues, including his proposed removal as a director,

* he has not made himself available for attending to normal directors duties such as making himself available for the various statutory committees, etc.



The necessary documentation will be lodged with CIPC. The Company will appoint a new independent non-executive director to fill the casual vacancy as soon as practicable.
02-Aug-2013
(Official Notice)
Further to the cautionary announcement and detailed cautionary announcements dated 17 May 2013 and 21 June 2013 respectively, the company remains in negotiations, subject to a due diligence and conditions precedent, for the acquisition of a number of licences issued by the Government of Namibia to Palatina, for the right to engage in the exploration and development of oil and gas in off-shore Namibia as well as an intended rights offer. Shareholders are accordingly advised to continue to exercise caution when dealing in the company's securities until full and further announcements are made.
21-Jun-2013
(Official Notice)
Further to the cautionary announcement dated 17 May 2013 and the Reviewed Condensed Provisional Results for the year ended 28 February 2013 (Results Announcement), released on SENS on 31 May 2013, the Directors of Labat are pleased to announce the signing of an agreement with Amicitia Holdings Ltd (the Vendor) on 20 June 2013, in terms of which it will acquire the entire issued share capital of Palatina Petroleum Ltd (Palatina) (the Acquisition) for an acquisition price of USD14 million (the Acquisition Consideration). The Acquisition, which is subject to the satisfactory completion of a due diligence investigation and the fulfilment of other conditions precedent, will provide Labat with an 85% participating interest in a licence issued by the Government of Namibia to Palatina, for the right to engage in the exploration and development of oil and gas in respect of leases numbered 1909, 2009 and 2414 in off-shore Namibia.



The Acquisition Consideration will be funded through a drawdown against an agreed USD100 million line of credit from GEM Global Yield Fund Limited and the issue of additional shares in Labat. The rights offer referred to in the Results Announcement will provide the company with additional working capital whilst giving existing shareholders an opportunity to increase their shareholding in the company ahead of the implementation of the Acquisition, which will have a dilutionary effect. Full details of the proposed rights offer and the agreement will be released on SENS in due course.



Shareholders are further advised that Labat is still in negotiations to acquire two further leases from the Vendor and is in preliminary discussions aimed at acquiring a further five leases from two other parties. Discussions are also taking place with another party with a view to acquiring substantial South African proven gas reserves. Shareholders are accordingly advised to continue to exercise caution when dealing in the company?s securities until full and further announcements are made.
06-Jun-2013
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the auditors report on Labat's Reviewed Condensed Provisional Consolidated Financial Results for the year ended 28 February 2013 contains a modification. Shareholders are advised to refer to the provisional results to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE trading system will continue to reflect an "E" annotation to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modification.
03-Jun-2013
(C)
Revenue for the year lowered to R13.2 million (2012: R15.5 million). Gross profit decreased to R7.3 million (2012: R8.6 million), operating profit plunged to R286 000 (2012: R25.5 million), while loss for the year came in at R898 000 (2012: profit of R25.4 million). Furthermore, headline earnings per share from continued operations 0.03cps (2012: 13.51cps).



Dividends

In line with group policy, no dividend has been declared.



Prospects

The company is currently better positioned than in the past and has a number of sound opportunities. In particular, the oil and gas prospects are looking very good. Recent drilling in Namibia has discovered oil, although not yet in commercial quantities. Drilling is continuing and expectations are high. Several good gas prospects have been identified. Negotiations are taking place to secure other oil and gas leases in Namibia and neighbouring countries. GEM has advised that funding for such acquisitions is available.
30-May-2013
(Official Notice)
A review by management of the financial results for the year ended 28 February 2013 has indicated that the basic earnings per share for continuing operations is expected to decrease by between 90% and 110%, basic earnings per share for discontinuing operations is expected to decrease by between 90% and 110% and the headline earnings per share is expected to decrease by between 90% and 110%, from the audited figures of the previous corresponding period.
20-May-2013
(Official Notice)
Shareholders are referred to the cautionary announcement dated 4 April 2013 and are advised that Labat has signed a joint letter of intent with Amicitia Holdings Ltd (Amicitia) for the purchase by Labat from Amicitia of all of the issued shares in Palantina Petroleum Ltd (the Proposed Acquisition). The Proposed Acquisition, which will be subject to Palatina's execution of various Petroleum Agreements, will result in Labat acquiring a majority participating interest in 5 (five) Petroleum Exploration Blocks, Off-shore Namibia. The letter of intent provides that the company and Amicitia will work diligently and in good faith to execute a definitive agreement between them. Accordingly, shareholders are advised to continue to exercise caution in dealing in their securities, until a further announcement is made.
04-Apr-2013
(Official Notice)
Shareholders are advised that the company has entered into negotiations, which if successfully concluded, may have an 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.
30-Nov-2012
(C)
Revenue for the interim period grew to R8.3 million (R8.1 million). Operating loss before significant transactions was R1.3 million (operating profit of R1.2 million). Loss attributable to owners of the parent was R1.8 million (profit of R6.2 million). Furthermore, headline loss per share from continuing operations were 0.92cps (headline earnings per share of 0.50cps).



Dividends

In line with group policy, no dividend has been declared. When deemed appropriate, a dividend will be declared.



Prospects

The SAMES property, when fully let has the potential to generate revenue of R6 million per annum and management are working on having the property fully let as soon as possible.



The ICDC business has good potential for future growth. Manufacturing in China has proved to be very successful with unlimited manufacturing capacity at ,5 micron which will allow us to re-capture those markets which we have lost due to capacity and cost constraints.
09-Nov-2012
(Official Notice)
The board of directors of the company advise that, at the Annual General Meeting of shareholders held at the company?s offices today, the ordinary resolutions as set out in the notice of Annual General Meeting contained in the company's 2012 Annual Financial Statements were duly passed by the requisite majority votes. All special resolutions were similarly adopted, and where necessary will be filed with the Companies and Intellectual Property Commission for registration.
31-Aug-2012
(Official Notice)
Shareholders are advised that Labat's annual report, containing the group?s annual financial statements for the year ended 29 February 2012, will be posted to shareholders in due course and contains certain changes to the reviewed preliminary condensed financial results which were published on SENS on 31 May 2012.



Annual general meeting

Notice was given that the annual general meeting of the Group will be held at 15:00 in the boardroom of the company at 23 Kroton Avenue, Weltevreden Park, 1709 on 09 November 2012 to transact the business as stated in the notice of the annual general meeting.
05-Jun-2012
(Official Notice)
Further to the reviewed results announcement published on SENS on 31 May 2012, the reconciliation of headline earnings for the year ended 29 February 2012 as required by paragraph 8.58 of the JSE Listings Requirements was not disclosed and accordingly the company now provided a reconciliation to shareholders as detailed below:

*Total headline loss per share of 3.63cps (earnings of 7.01cps)

*Continuing operations headline loss of 3.45cps (earnings of 3.30cps)

*Headline loss of R7.2 million (earnings of R13.8 million).



The company wishes to clarify that the statement "except for the possible effects of the matter described in the Emphasis of Matter paragraph below" contained in the review opinion in the results announcement published on SENS on 31 May 2012 which statement may deem the opinion to be a qualification, should be removed as the review opinion contained an emphasis of matter and not a qualification.



The revised review conclusion is as follows:

"Based on our review, nothing has come to our attention that causes us to believe that the annual financial statements do not present fairly, in all material respects the financial position of Labat Africa Ltd. as at 29 February 2012 and its financial performance and cash flows for the year then ended, in accordance with the International Financial Reporting Standards and the requirements of the Companies Act of South Africa. Emphasis of matter



Without qualifying our conclusion, we draw attention to the fact that the group's current liabilities exceed its current assets by R14.3 million and that, as mentioned by the directors in the going concern paragraph, a liability of R 34 million has been written back to profit and loss during the period under review."
05-Jun-2012
(Official Notice)
The JSE advised that the auditor's reviewed report on the above company's provisional results for the year ended 29 February 2012 contains a modification. Shareholders are advised to refer to the provisional results to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modification.
31-May-2012
(C)
Revenue for the year ended 29 February 2012 fell to R15.5 million (2011: R29.9 million). Gross profit plummeted to R8.6 million (2011: R21.2 million), but operating profit shot up to R25.8 million (2011: R12.8 million), while profit for the year attributable to owners of the parent jumped to R25.6 million (2011: R13.1 million). Furthermore, headline loss per share from continuing operations came in at 3.96cps (2011: 3.3cps).



Dividends

In line with group policy, no dividend has been declared.



Prospects

There is a real opportunity for a majority BBBEE owned listed Property company. Such a company concentrating on Government tenanted properties will have the capacity to form long term lease relationships with Government, almost on a public private sector partnership basis.
30-May-2012
(Official Notice)
A review by management of the financial results for the year ended 29 February 2012 has indicated that the basic earnings per share for continuing operations is expected to increase by between 330% and 340%, basic earnings per share for discontinuing operations is expected to decrease by between 100% and 110% and the headline earnings per share is expected to decrease by between 120% and 130%, from the audited figures of the previous corresponding period.
28-Feb-2012
(Official Notice)
The board of directors of Labat is pleased to announce the appointment of Mrs Rowena Majiedt to the board as an independent non- executive director as well as chairperson with immediate effect.
01-Feb-2012
(Official Notice)
The board of directors of Labat hereby notifies its shareholders that Mr Dawood Asmal has resigned as the financial director with effect from 31 January 2012. Mr David O'Neill assumes the role as financial director with effect from 01 February 2012.
01-Dec-2011
(Media Comment)
Business Day reported that Labat, returned to profitability in the six months ended August due to a R7.6 million impairment gain. CEO Brian van Rooyen added that Labat has embarked on a major, two ear research and development programme to redesign all existing products to 0.5 micron.
30-Nov-2011
(C)
Revenue from continuing operations decreased to R8.1 million (August 2010: R13.3 million), while operating loss before depreciation, interest and taxation was recorded at R1.1million (August 2010:profit of R3.6 million). Profit attributable to shareholders improved R6.2 million (August 2010: loss of R4 million). Headline profit per share increased to 3.1cps (August 2010: Headline loss per share of 1.5cps).



Dividend

In line with group policy, no dividend has been declared. The directors are not recommending the payment of a dividend until the negative equity position of the group has been reversed.



Prospects

The current IC business is doing well and its prospects are good. Capacity constraints relating to the closed manufacturing plant no longer exist and our emphasis is now on growing our market and developing new and improved products.
28-Nov-2011
(Official Notice)
Shareholders were advised that the company expects that the earnings per share for the six months period ended 31 August 2011 will be between 245% and 265% better than the prior period ended 31 August 2010 and the headline earnings per share for the six months period ended 31 August 2011 will be between 300% and 320% better than the prior period ended 31 August 2010.
23-Nov-2011
(Official Notice)
Shareholders were referred to the SENS announcements dated 29 August 2011 and 11 October 2011 and are advised that as the negotiations mentioned there-in have been terminated, the said cautionary announcements are withdrawn.
11-Nov-2011
(Official Notice)
The board of directors of the company advise that, at the annual general meeting of shareholders held at the company's offices today, the ordinary resolutions as set out in the notice of annual general meeting contained in the company's 2011 annual financial statements were duly passed by the requisite majority votes. All special resolutions were similarly adopted, and where necessary will be filed with CIPC for registration.
20-Oct-2011
(Official Notice)
Shareholders are advised that further to the change statement announcement on SENS on 3 October 2011, the company discloses the restatement of the reviewed results to the audited results for the year ended 28 February 2011 in terms of the earnings and headline earnings per share and net asset value per share as follows:

*Earnings per share -- (audited) 5.8 - (reviewed) 6.7

*Headline earnings per share -- (audited) 6.2 (reviewed) 6.2

*Net asset value per share -- (audited) (13.4) - (11.8)
11-Oct-2011
(Official Notice)
Shareholders are referred to the SENS announcement dated 29 August 2011 and are advised to continue to exercise caution in dealings in their securities until a further announcement is made in this regard.
07-Oct-2011
(Official Notice)
The Johannesburg Stock Exchange ("JSE") wished to advise that the auditor's report on the above company's annual financial statements for the year ended 28 February 2011 contains a modification. Shareholders were advised to refer to the financial statements to ascertain the exact nature of the modification. Accordingly, the company'-s listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the auditor's report no longer contains a modification. This announcement has been placed by the JSE in the interest of shareholders.
05-Oct-2011
(Official Notice)
Shareholders are referred to the announcement released on 4 October 2011 detailing changes to the audited results in comparison to the reviewed results for the year ended 28 February 2011 as announced on 1 June 2011. The review opinion as announced on 1 June 2011 detailed an unqualified report. The audit opinion, for the results as announced on 3 October 2011, contained an emphasis of matter. The emphasis of matter relates to the following;

* Without qualifying the auditor's opinion, they draw attention to note 27 of the financial statements which indicates why the company's financial are prepared on the basis of accounting policies that are applicable to a going concern.

* The audit report identified certain unlawful acts or omissions committed by persons previously appointed to the Labat board and then responsible for the management of the company which constitute reportable irregularities in terms of the Auditing Profession Act, and have reported such matters to the Independent Regulatory Board for Auditors. The matters pertaining to the reportable irregularities have been described under the heading "Other legal and regulatory requirements" to the directors' report.
05-Oct-2011
(Official Notice)
Shareholders are referred to the announcement released on 5 October 2011 advising that the annual general meeting of the company will be held on Friday, 11 November 2011 at 23 Kroton Avenue, Weltevreden Park, 1709. The amended record date for purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is 4 November 2011 and not 9 November 2011 as previously announced.
03-Oct-2011
(Official Notice)
Shareholders were advised that changes to the reviewed results for the year ended 28 February 2011 as announced on SENS on 1 June 2011 have been made. Copies of the annual report will be distributed to shareholders in due course.



Shareholders were also advised that the annual general meeting of the company will be held on Friday, 11 November 2011 at 23 Kroton Avenue, Weltevreden Park, 1709. The record date for purposes of determining which shareholders of the company are entitled to receive notice of this annual general meeting is Monday 3 October 2011 and the record date for purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is 9 November 2011.
01-Sep-2011
(Official Notice)
The JSE advised that Labat has failed to submit their annual reports within the six-month period stipulated in the JSE's Listings Requirements. Accordingly, the company's listing on the JSE TRADELECT system have been annotated with an "RE" to indicate that the company has failed to submit its annual reports timeously and that the listings of the company's securities are under threat of suspension and possible termination. Should the company still fail to submit its annual report by 30 September 2011 their listings will be suspended.
30-Aug-2011
(Official Notice)
Shareholders were advised that the company has entered into negotiations, which if successfully concluded, may have an effect on the price of the company's securities. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a full announcement was made.
11-Aug-2011
(Official Notice)
Shareholders were advised that, during the period when Aurora appointed directors were in charge of the company, two irregularities were discovered and reported to the company auditors, which were subsequently identified as reportable irregularities. Following the company's reply, the auditors have confirmed to IRBA that the reportable irregularities are no longer taking place and whilst there is no certainty, the directors of the company have taken adequate steps for the prevention or recovery of any loss as a result thereof. The first of these related to cheques to the value of R9 million signed by unauthorized signatories of the company for the payment of Aurora debt. These cheques were stopped at the bank. The company successfully defended this claim, have consulted with attorneys and is of the opinion that there is no liability in respect of this Aurora debt.



The second matter relates to a USD2 million investment which an investor had been led to believe was to be invested in Labat but which was "diverted" to an Aurora account. These funds were never received by Labat and the company's attorneys and directors are of the opinion that there is no obligation or liability on behalf of Labat. The directors are informed that the investor is pursuing the matter against the third parties. Both of these "irregularities" occurred during the tenure of Aurora appointed directors in Labat. These directors have been replaced, the board reconstituted and these matters have been reported to IRBA, the JSE and other relevant authorities for appropriate action. The directors are accordingly of the view that there is no financial liability which needs to be raised in the books of Labat in relation to these matters.
20-Jun-2011
(Official Notice)
Shareholders were referred to the SENS announcement of 27 January 2011 advising of the cancellation of the sale of Labat shares from Link Private Equity to Cyndara 131 (Pty) Ltd trading as Aurora Investment Holdings. Following the cancellation of Aurora as the preferred bidder by the liquidators for the Grootvlei/Orkney assets, the members of Aurora felt that their further involvement in Labat and particularly their directorships in Labat were no longer appropriate and therefore they agreed to stand down as directors of the company.



Consequently at a Labat board meeting held on Friday, 17 June at 23 Kroton Avenue, Weltevreden Park, the Aurora representatives namely Messrs M Hulley, Z Mandela, K Zuma and T Ngubane were replaced as directors with immediate effect and the following directors, Messrs B Jacobs and D Lupungela were elected as independent non-executive directors to serve in their place.
01-Jun-2011
(C)
Revenue for the year decreased slightly to R27.6 million (2010: R28.1 million). Operating loss before interest and taxation narrowed to R3.7 million (2010: loss of R13.5 million), while profit attributable to shareholders rose to R13.2 million (2010: loss of R34.8 million). Furthermore, headline earnings per share from continued operations remained stable at 2.6cps.



Dividend

In line with group policy, no dividend has been declared. The directors are not recommending the payment of a dividend until the negative equity position of the group has been reversed.



Prospects

The current IC business is doing well and its prospects are good. Capacity constraints relating to the closed manufacturing plant no longer exist and our emphasis is now on growing our market and developing new and improved products.
01-Jun-2011
(Official Notice)
A review by management of the financial results for the year ended 28 February 2011 has indicated that basic earnings per share are expected to increase by between 130% and 140%, and the headline earnings per share is expected to increase by between 140% to 160%, from the previous corresponding period.
30-May-2011
(Official Notice)
As previously mentioned in the announcement published on SENS on 27 January 2011, due to the recent positive developments relating to the reversal of the SAMES disposal as well as the pleasing development of the ICDC business, shareholders were advised that the company expects that the earnings per share and headline earnings per share for the twelve months ending 28 February 2011 will at least 20% higher, although a range has yet to be identified, than the results for the twelve months ended 28 February 2010. A further trading statement will be issued in due course.
21-Apr-2011
(Official Notice)
Further to the cautionary announcement dated 15 December 2010 and 27 January 2011 and 08 March 2011 shareholders are advised that negotiations are ongoing and that they should continue to exercise caution when dealing in their securities until a further announcement is made.
08-Mar-2011
(Official Notice)
Further to the cautionary announcement dated 15 December 2010 and 27 January 2011 shareholders are advised that negotiations are ongoing and that they should continue to exercise caution when dealing in their securities until a further announcement is made.
23-Feb-2011
(Official Notice)
Labat announced the appointment of Arcay Moela Sponsors (Pty) Ltd as their sponsor with effect from 1 February 2011.
27-Jan-2011
(Official Notice)
15 Dec 2010 17:57:54
(C)
Revenue was recorded at R13.3 million (2009: R13.4 million), while operating profit improved to R3.2 million (2009:Loss of R9.1 million). Loss for the period narrowed to R4 million (2009: Loss of R12.2 million). Headline loss per share was reduced to 1.5cps (2009: Headline loss per share of 6.2cps).



Dividend

No dividend has been declared for the period under review.



Prospects

The results for the period under review were satisfactory. Operating profit before interest and taxation improved substantially from a loss of R9.1m to a profit of R3.0 million. This was primarily achieved from savings achieved by closing the loss making SAMES plant. The transfer of manufacturing to a modern plant in China allowed the Integrated Circuit Design Centre ("ICDC") division to start earning profits. Profits in the ICDC division are expected to be maintained into the future. After writing off the remaining non-recurring expenses of R5.8 million relating to the closure of SAMES the loss after taxation was R4 million.



Renewal of cautionary

On 27 September 2010 a cautionary announcement was issued advising shareholders to exercise caution when dealing in the company's shares. Shareholders are advised to continue to exercise caution when dealing in the company's shares until a further announcement is made, which announcement is expected to be made within the next two weeks.
11 Nov 2010 13:59:05
(Official Notice)
Shareholders are advised that, at the annual general meeting of Labat held on Wednesday, 10 November 2010, all the resolutions presented in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolution will be lodged with CIPRO in due course.
09 Nov 2010 18:07:16
(Official Notice)
Labat advised that the conditions precedent for the SAMES disposal were not met timeously and thus Link Private Equity and Investments (Pty) Ltd, Aurora Empowerment Systems (Pty) Ltd and Labat are entering into a restructure agreement which will include the disposal of SAMES, details of which will be announced in due course. Shareholders are advised that, in relation to the agreement to acquire the gold processing and smelting operations known as Primrose Gold Metallurgical as well as ERPM Gold Metallurgical from Primrose Gold Mines (Pty) Ltd, a wholly owned subsidiary of Aurora Empowerment Systems (Pty) Ltd, for a purchase consideration of R38 000 000 through the issue of 38 000 000 Labat ordinary shares at R1.00 per share ("the Primrose acquisition"), the acquisition between Aurora and the vendors of Primrose has lapsed. Thus the acquisition by Labat from Aurora cannot proceed. Accordingly, Labat has entered into negotiations with the Primrose vendors for the acquisition of Primrose directly by Labat. The terms of this acquisition will be announced in due course. In addition, the announcement dated 31 August 2010 set out the pro forma financial effects of the Primrose acquisition which were based on the reviewed condensed consolidated results of Labat for the year ended 28 February 2010, as adjusted by the annualised results for the Primrose acquisition. These pro forma effects should have been adjusted for the six months of operations only. Once the new agreement for the direct acquisition of Primrose has been finalised, new pro forma effects will be published.



Withdrawal of cautionary

As a result of the lapsing of agreements in relation to the Primrose acquisition and the SAMES disposal, shareholders are advised that negotiations are ongoing and that they should continue to exercise caution when dealing in their securities until a further announcement is made. Accordingly, all prior cautionary announcements are withdrawn and a new cautionary announcement is hereby issued.
06 Oct 2010 08:29:58
(Official Notice)
The JSE Limited ("JSE") advise that the audit opinion on Labat Africa Ltd's annual report for the year ended 28 February 2010 contains a modification. Shareholders are advised to refer to the annual report to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modification. This announcement has been placed by the JSE in the interest of shareholders.
01 Oct 2010 15:16:13
(Official Notice)
Shareholders are advised that the annual general meeting of the company will be held at 10h00 at Arcay House II, Number_ 3 Anerley Road, Parktown, Johannesburg on 10 November 2010.
27 Sep 2010 12:37:55
(Official Notice)
Shareholders are advised that the company is currently in negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
01 Sep 2010 09:50:21
(Official Notice)
The JSE Ltd ("JSE") advised that Labat has failed to submit its annual report within the six-month period stipulated in the JSE's Listings Requirements. Accordingly, Labat's listing on the JSE TRADELECT system has been annotated with an "RE" to indicate that the company has failed to submit its annual report timeously and that the listing of the company's securities is under threat of suspension and possible termination. Should the company still fail to submit its annual report by 30 September 2010 its listing will be suspended.
31 Aug 2010 10:18:23
(Official Notice)
Further to the announcements dated 20 July 2010, 23 July 2010 and 16 August 2010, all relating to an agreement to acquire the gold processing and smelting operations known as Primrose Gold Metallurgical as well as ERPM Gold Metallurgical from Primrose Gold Mines (Pty) Ltd, a wholly owned subsidiary of Aurora Empowerment Systems (Pty) Ltd, for a purchase consideration of R38 000 000 through the issue of 38 000 000 Labat ordinary shares at R1.00 per share, the pro forma effects have been based on the reviewed condensed consolidated results of Labat for the year ended 28 February 2010 and are set out in the table below. The financial effects are presented for illustrative purposes only and because of their nature may not give a fair reflection of the company's results, financial position, cash flows and changes in equity after the transaction. It has been assumed that for the purposes of the pro forma financial effects, the transaction took place as at 28 February 2010 for the statement of financial position, and for the period 1 March 2009 to 28 February 2010, for the statement of comprehensive income. The following changes are anticipated:

*Net asset value per share is expected to improve by 79.32% to -5.3c, from -25.6c

*The headline loss per share is expected to be smaller by 85.8% to 1.2c (loss of 8.2cps)



Conditions precedent

At the date of this announcement, this transaction was still subject to the

approval of shareholders in general meeting.



Warranties

The agreements concluded for the transaction contain general warranties and

undertakings inherent in and usual to transactions of such nature. No warranties

or undertakings are provided which are unusual or are of an onerous nature.



Documentation

Shareholders are advised that a circular to shareholders is in the process of

being prepared and will be forwarded to shareholders in due course.



Withdrawal of cautionary

Shareholders are referred to the previous cautionary announcement published on

SENS on 15 July 2010, and are advised that the cautionary announcement is now

withdrawn.
16 Aug 2010 11:18:35
(Official Notice)
Labat notified in an announcement, dated 20 July 2010, that it had entered into an agreement to acquire the gold processing and smelting operations known as Primrose Gold Metallurgical as well as ERPM Gold Metallurgical from Primrose Gold Mines (Pty) Ltd ("seller"), a wholly owned subsidiary of Aurora Empowerment Systems (Pty) Ltd, for a purchase consideration of R38 000 000 through the issue of 38 000 000 Labat ordinary shares at R1.00 per share ("the acquisition"). Shareholders are notified that the transaction is classified as a category one related party transaction and also a "reverse take-over" (due to the fact that the acquisition will result in a fundamental change in the business) and will therefore require a fairness opinion, and shareholders' approval as well as the inclusion of listing particulars in the relevant circular to shareholders. Shareholders are also notified that the continued listing of Labat will be dependent on the JSE's approval of the suitability of the businesses acquired through the acquisition (or any other assets/business that Labat may acquire in the interim).
23 Jul 2010 12:04:45
(Official Notice)
20 Jul 2010 13:38:40
(Official Notice)
The board of directors is pleased to announce that Labat has entered into an agreement to acquire the gold processing and smelting operations known as Primrose Gold Metallurgical as well as ERPM Gold Metallurgical from Primrose Gold Mines (Pty) Ltd ("seller"), a wholly owned subsidiary of Aurora Empowerment Systems (Pty) Ltd, for a purchase consideration of R38 000 000 through the issue of 38 000 000 Labat ordinary shares at R1.00 per share ("the acquisition"). The acquisition will give Labat control over two of only four ore crushing and gold smelting plants on the East Rand. The businesses and related assets are acquired as going concerns and no liabilities are assumed. The mining operations of the seller are specifically excluded.



Effective date

The effective date of the acquisition as per the agreement is 15 July 2010.



Conditions precedent

The acquisition is subject to the following conditions precedent:

*within two weeks from the date of signature, Labat conducts a due diligence investigation into the business and affairs of the seller and provides a written notice of satisfaction to the seller;

*within one business day from the date of the written notice of satisfaction contemplated above, the acquisition is approved of by the board of directors of Labat; and

*within 60 days from the signature date of the agreement, the purchaser receives such other regulatory approvals and/or approval of Labat shareholders as may be required in order to give effect to the acquisition.



Financial effects

The financial effects of the acquisition will be announced in due course.



Further cautionary announcement

Shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement, containing the financial effects of the acquisition, is made.
15 Jul 2010 15:40:34
(Official Notice)
Shareholders are advised that Labat has entered into negotiations relating to the acquisition of assets, which if successfully concluded, may have an effect on the price of its securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
14 Jun 2010 16:39:11
(C)
Revenue decreased to R27.3 million (R42.2 million). A net attributable loss of R33.2 million (profit of R45.2 million) was recorded. In addition, the headline loss per share more than tripled to 8.2cps (loss of 2.5).



Outlook

SAMES has now finally closed its integrated circuit ("ic") manufacturing facility at Koedoespoort. It became impossible to continue manufacturing in competition with giant Chinese manufacturers. The plant is in the process of being dismantled and sold. Impairment of plant and equipment has taken account of the slump in world prices for second hand electronic equipment. Alternative uses for the property are currently being explored.
11 Jun 2010 12:28:35
(Official Notice)
Shareholders are referred to recent press articles which have implied that Aurora will list by 30 July 2010. The directors of Labat, in conjunction with the directors of Aurora, would like to clarify the comments made in such articles. Shareholders are referred to the firm intention announcement released by Labat on 7 April 2010, which set out the terms of the transactions entered into by and between Labat, Link Private Equity and Investments (Pty) Ltd ("Link") and Aurora, which transactions provide for Labat to dispose of its existing business to Link ("disposal") as well as the transaction which will result in Aurora acquiring control of Labat through the acquisition of an initial 45.7% shareholding in Labat from Link ("change in control").



The draft circular to shareholders in relation to the disposal and the change in control has been commented on by the JSE Ltd ("JSE") and the Securities Regulation Panel. Discussions are ongoing relating to certain matters and a further announcement will be made as soon as these are finalised. There are no agreements in place between Labat and Aurora in relation to the acquisition of new assets by Labat from Aurora. There is also currently no intention to list Aurora on the JSE. Aurora will merely become the controlling shareholder of Labat once the change in control is unconditional.
11 Jun 2010 12:17:44
(Official Notice)
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review by management of the financial results for the year ended 28 February 2010 has indicated that earnings per share are expected to be between 160% and 180% lower, and the headline loss per share between 220% and 240% lower, than the previous corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by Labat's auditors. Labat's results are expected to be published on SENS during the week ending 18 June 2010.

07 Apr 2010 09:09:44
(Official Notice)
19 Mar 2010 15:36:12
(Official Notice)
Further to the cautionary announcements dated 14 September 2009, 13 October 2009, 24 November 2009, 8 January 2010, 28 January 2010 and 4 February 2010, shareholders were advised that certain of the suspensive conditions, as mentioned in the announcement of 4 February 2010, have been extended by the parties to 26 March 2010. Shareholders were advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
04 Feb 2010 15:54:11
(Official Notice)
28 Jan 2010 13:16:05
(Official Notice)
Further to the cautionary announcements dated 14 September 2009, 13 October 2009, 24 November 2009 and 8 January 2010, shareholders are advised that Link Private Equity and Investments (Pty) Ltd ("Link"), the controlling shareholder in Labat, is in advanced negotiations with an undisclosed third party to dispose of its 45.7% shareholding in Labat (90 106 335 shares) at a price of 5 cents per share. The final transaction will be conditional upon the disposal of South African Micro-Electronic Systems (Pty) Ltd to Link at a price still to be determined. Full disclosure of the proposed transaction will be made once final agreement has been reached. Shareholders are accordingly advised to continue to exercise caution when dealing in the company's securities until a further announcement is made in this regard.
08 Jan 2010 11:55:40
(Official Notice)
Further to the announcements, dated 15 September 2009, 13 October 2009 and 24 November 2009, shareholders are advised that negotiations are still in progress, which if successfully concluded, may have an effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
24 Nov 2009 14:34:26
(Official Notice)
Shareholders are advised that negotiations are still in progress, which if successfully concluded, may have an effect on the price of the company's securities. Shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
30 Oct 2009 16:55:35
(Official Notice)
At the annual general meeting of shareholders the ordinary resolutions were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares was similarly adopted, and will be sent to CIPRO for registration.
13 Oct 2009 16:13:01
(C)
The unaudited results show a net loss for the period before taxation of R12.15 million. The headline loss per share increased from 2.8c to 6.2c. In line with group policy, no dividend has been declared.
12 Oct 2009 15:41:59
(Official Notice)
Accordingly, a review by management of the financial results for the six months ended 31 August 2009 has indicated that earnings per share are expected to be between 120% and 140% lower, and headline loss per share will be between 110% and 130% lower than those of the previous corresponding period. Labat's interim results are expected to be published on SENS during the week ending 16 October 2009.
07 Oct 2009 11:21:25
(Official Notice)
The JSE advises that the audit opinion on the above company's AFS for the year ended 28 February 2009 contains an "emphasis of matter" audit opinion. Shareholders are advised to refer to the financial statements to ascertain the exact nature of the modification. The company's listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor?s report no longer contains a modified opinion. This announcement has been placed by the JSE in the interest of shareholders.
30 Sep 2009 16:11:10
(Official Notice)
Shareholders are advised that the afs for the year ended 28 February 2009, which are included in the company's annual report for that year, will be dispatched to shareholders on 1 October 2009 and contain the following modifications to the reviewed results for that year, which were published on SENS on 12 June 2009.



Notice is hereby given that the annual general meeting of shareholders of the company will be held on Friday, 30 October 2009 at 15h00 at the offices of the company, 23 Kroton Avenue, Weltvreden Park, to transact the business as stated in the notice of annual general meeting forming part of the annual report.
30 Sep 2009 09:56:57
(Official Notice)
The Directorate of Market Abuse (Directorate) previously reported that it investigated a possible case of a contravention of section 76 of the Securities Services Act 36 of 2004 (the publication of false, misleading or deceptive statements relating to a listed company). The Directorate decided to refer the matter to the Enforcement Committee of the Financial Services Board. The matter related to Labat's reviewed financial results for the year ended 28 February 2007 as published on 13 June 2007. The case against Labat (first respondent) and its chairperson, Mr Brian George van Rooyen (second respondent), was that they claimed in the publication that the auditors of Labat (RAiN Chartered Accountants) issued a qualified audit report with reference to the financial results referred to above. In truth, the auditors stated that they express no assurance on the financial statements. The Enforcement Committee, at a hearing on 29 September 2009, found that both respondents have contravened section 76, and imposed a penalty of R25 000 on the first respondent, and a penalty of R25 000 on the second respondent. A transcript of the determination and the imposition of the penalties will be available on the Financial Services Board website (www.fsb.co.za) shortly.
15 Sep 2009 09:51:49
(Official Notice)
Shareholders are advised that Labat has entered into negotiations, which if successfully concluded, may have an effect on the price of its securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
31 Aug 2009 16:14:13
(Official Notice)
Shareholders are advised that the company's audited annual financial statements for the year ended 28 February 2009 are in the process of being completed. It is expected that the annual financial statements will be mailed to shareholders on or about Wednesday, 9 September 2009.
30 Jun 2009 13:49:04
(Official Notice)
The board of directors of Labat hereby notifies its shareholders that Mr David O`Neill, who is currently an executive director of the board, was appointed as the company's financial director with effect from 30 June 2009.
12 Jun 2009 16:33:08
(C)
Basic earnings per share increased from a loss per share of 0.4c in the previous year to basic earnings per share in the current year of 29.2c. This increase is primarily due to a fair value adjustment on property of R17.3 million and the unbundling of Total Client Services Ltd which resulted in an accounting profit on unbundling of R48.8 million. Headline loss per share increased from 0.5c in the previous year to 5.1c in the current year. Net asset value per share increased marginally from 11.5c to 11.6c. In line with group policy, no dividend has been declared.
11 Jun 2009 15:05:12
(Official Notice)
A review of the financial results for the year ended 28 February 2009 by management has indicated that earnings per share will be between 6700% to 8100% higher, and headline loss per share will be between 800% to 960% higher than the previous corresponding period.Labat's results for the year ended 28 February 2009 are expected to be published on SENS on or about 12 June 2009.
01 Jun 2009 14:32:27
(Official Notice)
Labat hereby notifies shareholders that:

*Dr Tjaart van der Walt has resigned as a non-executive director with effect from 31 May 2009; and

*Mr Rustum Mohamed has been appointed a non-executive director with effect from 1 June 2009.
26 Nov 2008 15:59:54
(C)
The continuing operations made a profit of R391 000 at the EBITDA line, which translated to a headline loss of R5 490 million or 2.8cps.



Dividends

In line with group policy, no dividend has been declared for the period.
24 Nov 2008 14:05:41
(Official Notice)
A review by management of the financial results for the six months ended 31 August 2008 has indicated that the earnings per share are expected to be between 20c and 22c, which earnings relate entirely to a fair value adjustment made relating to the unbundling of Total Client Services Ltd. The headline loss per share is expected to be between 2.5c and 3.0c. The financial information on which this trading statement is based has not been reviewed or reported on by Labat's auditors. Labat's interim results are expected to be published during the week ending 28 November 2008.
10 Oct 2008 17:39:31
(Official Notice)
Shareholders are advised that, at the annual general meeting of Labat held on Friday, 10 October 2008, all the resolutions were passed by 100% of shareholders present and eligible to vote.
17 Sep 2008 13:24:46
(Official Notice)
Shareholders are advised that the audited financial statements for the year ended 29 February 2008 will be posted on 17 September 2008. These financial statements contain no material modifications, other than those detailed below, to the reviewed results that were published on 27 June 2008. The results for the 2007 financial year have been restated.



Notice of annual general meeting

The annual general meeting of shareholders of Labat will be held at 15h00 on 10 October 2008 in the boardroom of the company, 23 Kroton Avenue, Weltevreden Park, Roodepoort.



Renewal of cautionary

Further to the cautionary announcement dated 8 August 2008 where shareholders were advised that Labat has entered into negotiations to explore alternative opportunities in addition to the delisting which, if successfully concluded, may have a material effect on the price at which Labat's shares trade, shareholders are advised to continue to exercise caution when trading in Labat shares on the JSE until a further announcement is made
08 Aug 2008 16:56:30
(Official Notice)
Shareholders are advised that Labat has entered into negotiations to explore alternative opportunities in addition to the delisting which, if successfully concluded, may have a material effect on the price at which Labat`s shares trade. Accordingly, shareholders are advised to continue to exercise caution when trading in Labat shares on the JSE Limited until a further announcement is made.
27 Jun 2008 17:04:51
(C)
During the year under review, the board of Labat continued with its planned restructuring of the group. Subsequent to the unbundling of the shares in Total Client Services Limited (TCS), a subsidiary of Labat, and the listing of TCS on the AltX of JSE, South African Micro-Electronic Systems (Pty) Ltd (SAMES) and its subsidiaries remain the only operating business within the group. TCS has been disclosed as a discontinued operation on the face of the Income Statement. Non-current assets of R40.0 million, current assets of R39.3 million, non-current liabilities of R40.8 million and current liabilities of R22.6 million relate to TCS. Operating income has improved substantially and profit before tax improved by R31.136 million from a loss of R19.910 million to a profit of R11.226 million. Earnings per share has improved from a loss of 34.83 cents to a profit of 0.3 cents. The Balance Sheet has been strengthened considerably and the cash position has improved by R1.687 million from R40.530 million to R42.217 million. Current liabilities have been reduced substantially from R82.296 million to R52.369



Dividends

No dividend was declared for the period under review.



Prospects

In the circular to shareholders dated 25 February 2008 shareholders were advised that subsequent to the listing of TCS on the AltX, the board of Labat intended to terminate the listing of Labat shares on the JSE. This process is ongoing and a circular containing full details of the delisting will be sent to shareholders in due course.
26 Jun 2008 17:23:45
(Official Notice)
A review of the financial results for the year ended 29 February 2008 by management has indicated that earnings per share and headline earnings per share will be between 90% and 110% higher than the previous corresponding period. The financial information on which this trading statement is based has been reviewed by Labat's auditors. Labat's annual financial results are expected to be released on SENS on or about 27 June 2008.
17 Jun 2008 09:23:18
(Official Notice)
The JSE Ltd advise that Labat has failed to submit their provisional reports within the three-month period stipulated in the JSE's Listings Requirements. Accordingly, the company's listings on the JSE TRADELECT system have been annotated with an "RE" to indicate that the company has failed to submit its provisional reports timeously and that the listings of the company's securities is under threat of suspension and possible termination. Should the company still fail to submit its provisional reports by Monday, 30 June 2008, its listing will be suspended. This announcement has been placed by the JSE in the interest of shareholders.
12 Jun 2008 15:11:46
(Official Notice)
Shareholders are advised that the reviewed results of Labat for the year ended 29 February 2008 are in the process of being completed and are expected to be released on SENS on or about 30 June 2008.
21 May 2008 16:46:45
(Official Notice)
Further to the cautionary announcement dated 9 April 2008, shareholders are advised that the de-listing of Labat may have a material effect on the price at which Labat's shares trade. Accordingly, shareholders are advised to continue to exercise caution when trading in Labat shares until a further announcement is made.
09 Apr 2008 15:06:22
(Official Notice)
27 Mar 2008 15:15:01
(Official Notice)
Further to the results of general meeting announcement dated 18 March 2008, shareholders are hereby notified that the special resolution which was passed at the general meeting of shareholders held on Tuesday, 18 March 2008 was registered by the Registrar of Companies on Wednesday, 19 March 2008. Consequently, as detailed in the circular to shareholders dated 25 February 2008, all conditions precedent relating to the unbundling have now been fulfilled. Labat shareholders may not dematerialise or re-materialise their Labat shares between Monday, 7 April 2008 and Friday, 11 April 2008, both days inclusive.
18 Mar 2008 15:20:39
(Official Notice)
The board of directors hereby announces that at the general meeting of Labat shareholders held on Tuesday, 18 March 2008, convened in terms of the notice of general meeting contained in the circular to Labat shareholders issued on 25 February 2008, 78.18% of shareholders were represented in person or by proxy and all resolutions were passed by 100% of shareholders present and eligible to vote. The special resolution will be lodged for registration with the Registrar of Companies in due course.
25 Feb 2008 12:04:35
(Official Notice)
Labat will unbundle and distribute 197 154 482 TCS shares to Labat shareholders, subject to the fulfilment of the conditions precedent. TCS will be separately listed on the Alternative Exchange of JSE. The TCS distribution shares will be distributed to Labat shareholders in the ratio of one TCS distribution share for every Labat share held by a Labat shareholder recorded in the register of Labat shareholders on Friday, 11 April 2008.



The salient dates and times of the general meeting, the unbundling and listing of TCS are as follows:

*Issue and posting of circular Monday, 25 February 2008

*Last day to lodge forms of proxy for the general meeting by 10:00 on Friday, 14 March 2008

*General meeting to be held at 10:00 on Tuesday, 18 March 2008

*Results of general meeting released on SENS on Tuesday, 18 March 2008

*Results of the general meeting published in the press on Wednesday, 19 March 2008

*Last day to trade in Labat shares on the JSE to participate in the unbundling on Friday, 4 April 2008

*Labat shares trade "ex" the entitlement to the TCS distribution shares on Monday, 7 April 2008

*The listing of TCS at the commencement of trade under the JSE Code TCS and the ISIN ZAE000116208 on Monday, 7 April 2008

*Announcement of apportionment of base cost of TCS on Wednesday, 9 April 2008

*Record date to participate in the unbundling on Friday, 11 April 2008

*TCS share certificates will be posted, by registered post, at the risk of the certificated shareholders concerned, to certificated shareholders, and dematerialised shareholders will have their accounts at their CSDP or broker updated on Monday, 14 April 2008



Withdrawal of cautionary and further cautionary

Shareholders are referred to the cautionary announcement dated 7 January 2008, and are advised that as the details of the unbundling have been announced, the cautionary is now withdrawn. However, further to the aforementioned cautionary announcement, shareholders are advised that the de-listing of Labat may have a material effect on the price at which Labat`s shares trade. Accordingly, shareholders are advised to exercise caution when trading in Labat shares on the JSE until a further announcement setting out the details of the de-listing is made.
13 Jul 2006 17:44:33
(Official Notice)
Labat shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, Labat shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until a further announcement is made.
31 May 2006 17:16:36
(Official Notice)
Further to the cautionary announcement dated 4 May 2006, shareholders are advised that Labat is involved in negotiations which, if successfully concluded, may have a material effect on the price at which Labat's shares trade. Accordingly, shareholders are advised to continue to exercise caution when trading in Labat shares on JSE until a further announcement is made.
31 May 2006 17:31:49
(C)
The group has continued with its restructuring programme including its disposal of non-core assets. This has resulted in a return to profitability and has left the group with a more streamlined business which is well placed to take advantage of the upswing in the economy. The restructuring/disposal process is now almost complete, leaving the group with two main core businesses, Labat Traffic Solutions and SAMES . The various disposals have led to a R37.808 million reduction of group revenue to R156.059 million from R193.867 million in the previous year. There has been a turnaround of R46.257 million in the EBITDA from a loss of R3.328 million in the previous year to a profit of R42.929 million in the current year. Profit before income tax, sales and fair value adjustments This has improved by R52.007 million from a loss of R34.983 million in the previous year to a profit of R17.024 million in the current year. The most significant change to the balance sheet during the past year has been the total turnaround in the group's cash position. Bank overdrafts and Instalment sale finance have been reduced from R64.879 million to R5 000. Group cash resources have increased by R9.103 million from R3.295 million to R12.398 million.



Outlook

Labat is now well on the way to a substantial recovery and is projecting profits for the year ahead.
29 May 2006 17:03:30
(Official Notice)
A review of the financial results for the year ended 28 February 2006 by management has indicated that earnings per share and headline earnings per share of Labat will be between 60% and 80% higher than the previous corresponding period. The financial results will be released on or about 31 May 2006.
04 May 2006 15:18:11
(Official Notice)
Further to the cautionary announcement dated 22 March 2006, Labat shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, Labat shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until a further announcement is made.
27 Mar 2006 16:42:50
(Official Notice)
The board of directors of Labat has informed shareholders that in line with the ongoing re-structuring of the group, Mr H Pedro has resigned as Chief Executive Officer with immediate effect.
22 Mar 2006 14:04:55
(Official Notice)
Further to the cautionary announcement dated 6 February 2006, Labat shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, Labat shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until a further announcement is made.
03 Mar 2006 10:45:41
(Official Notice)
Shareholders were advised that Mr R C I Serobe has resigned as a non-executive director with effect from 3 March 2006.
06 Feb 2006 09:08:50
(Official Notice)
Labat announced on 6 February that it was in negotiations which, if successfully concluded, may effect its share price materially. The group advised caution when dealing with its shares.
23 Dec 2005 08:23:53
(Official Notice)
Further to the cautionary announcement dated 11 November 2005, Labat shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, Labat shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until a further announcement is made.



28 Nov 2005 17:36:17
(C)
23 Nov 2005 16:58:21
(Official Notice)
The board of directors announced that at the general meeting of Labat shareholders held on Wednesday, 23 November 2005, convened in terms of the notice of general meeting contained in the circular to Labat shareholders issued on 8 November 2005, all resolutions were passed by the requisite majority of shareholders.
11 Nov 2005 15:07:58
(Official Notice)
Further to the cautionary announcement dated 29 September 2005, Labat shareholders are advised that the company is involved in negotiations which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, Labat shareholders are advised to continue to exercise caution when trading in shares of the company on JSE until a further announcement is made.
10 Nov 2005 14:13:41
(Official Notice)
A review of the financial results for the six months ended 31 August 2005 by management has indicated that earnings per share and headline earnings per share of Labat will respectively be between 150% and 170 %, and 130% and 150% higher than the previous corresponding period.
14 Oct 2005 09:25:30
(Official Notice)
Without qualifying the audit report the auditors emphasised the following matters: Going concern - the ability of two subsidiaries in the group to continue as going concerns is dependent upon the successful conclusion of certain funding initiatives. Significant uncertainty regarding litigation - various claims and counter-claims have been made by and against the company and no provision for any liability has been made. Revised financial statements - certain misstatements in the 2004 annual financial statements necessitating restatement of the company and group financial statements.
13 Oct 2005 17:49:51
(Official Notice)
The annual financial statements of Labat for the year ended 28 February 2005, which include a notice of the annual general meeting, were dispatched to shareholders on 30 September 2005. The annual general meeting of Labat shareholders will be held at 15:00 on Friday, 28 October 2005 in the boardroom, Ground Floor, Island House, Constantia Park Centre, Corner 14th Avenue and Hendrik Potgieter Road, Weltevreden Park, 1709.
10 Oct 2005 13:21:33
(Official Notice)
Labat shareholders are advised that the ordinary resolutions proposed in the notice convening the general meeting and incorporated in the circular to Labat shareholders, dated 23 September 2005, were passed by the requisite majority of Labat shareholders who attended and voted, either in person or by proxy, at the general meeting of Labat shareholders held at 10:00 on Monday, 10 October 2005.
29 Sep 2005 16:46:37
(Official Notice)
Labat has concluded an agreement with Oberthur Card Systems S.A. ("Oberthur") on Wednesday, 21 September 2005 to dispose of Africard (Pty) Ltd ("Africard") subject to certain suspensive conditions , with effect from the close of business on 31 July 2005. Oberthur will acquire the entire issued share capital and net shareholders" loans of Africard for a purchase consideration of R20 million. Various obligations, including loans relating to the Africard Acquisition and legal settlements, will be discharged out of the sale proceeds and the balance, some R12 million less a retention of R4.8 million, will be applied to the reduction of Labat"s debt.



Labat shareholders are advised that Labat is considering further transactions unrelated to the Disposal which, if successfully concluded, may have a material impact on the price at which Labat"s shares trade on the JSE and which may further improve Labat"s current debt position and focus going forward. As a result, Labat shareholders are advised to continue to exercise caution when dealing in their Labat shares until a further announcement is made.
23 Sep 2005 15:48:44
(Official Notice)
Shareholders are referred to the further cautionary announcement dated 31 August 2005, relating to the disposal of Acme Stores (Pty) Ltd by Labat. Shareholders are advised that the circular setting out, inter alia, details of the retail disposal was posted to Labat shareholders on Friday, 23 September 2005 and the general meeting convened for 10h00 on Monday, 10 October 2005 for the purpose of considering and, if deemed fit, passing the ordinary resolutions required to implement the retail disposal. Accordingly, the cautionary announcement has now been withdrawn.



05 Sep 2005 17:59:41
(Official Notice)
The JSE advised that Labat had failed to submit its annual report within the six-month period stipulated in the JSE`s Listing Requirements. Accordingly, the company`s listing on the JSE SETS system has been annotated with an `RE` to indicate that the it has failed to submit its annual report timeously and that the listing of its securities is under threat of suspension and possible termination. Should the company still fail to submit its annual report by Friday, 30 September 2005, its listings will be

suspended.
02 Sep 2005 11:18:39
(Official Notice)
The JSE wishes to advise that the audit opinion on Labat`s provisional annual financial statements for the year ended 28 February 2005 contains both an emphasis of matter and a qualified audit opinion. Shareholders are advised to refer to the financial statements to ascertain the exact nature of the modification and qualification. Accordingly, the company`s listing on the JSE SETS system will continue to be annotated with an `E` to indicate the emphasis of matter. The company`s listing has also been annotated with a `Q` to indicate the qualification. These annotations will be removed when the company`s auditors` report no longer contains a modified and a qualified audit opinion.
31 Aug 2005 16:06:22
(Official Notice)
Upon the anticipated lifting of Labat`s suspension shareholders are advised to exercise caution when dealing in their Labat shares until the Retail Circular approval process is completed and the Retail Circular has been posted.
31 Aug 2005 16:04:33
(C)
29 Aug 2005 10:57:05
(Official Notice)
Shareholders are advised that Labat is in the process of finalising its provisional results for the year ended 28 February 2005. In terms of the Listings Requirements of the JSE , shareholders are advised that Labat`s headline loss per share for the year ended 28 February 2005 is expected to increase by between 11.0 and 12.5 cents per share. The loss per share is expected to increase by between 26.6 and 28.1 cents per share. The HLPS for the year ended 29 February 2004 was 7.1 cents per share and the LPS was 7.4 cents per share.
20 Jul 2005 12:30:36
(Official Notice)
Shareholders are referred to an announcement published by Labat on 4 July 2005, regarding the review of Labat`s 2004 annual financial statements in terms of their compliance with the South African Statements of Generally Accepted Accounting Practice. This review occurred at the request of the JSE after it received advice from its advisory body, the GAAP Monitoring Panel that the Labat 2004 AFS did not appear to comply with GAAP in all respects. A detailed announcement regarding the review of Labat`s 2004 AFS and publication of Labat`s provisional results for the year ended 28 February 2005 will be published once the JSE has finished its review and is advised by the GMP that Labat has addressed the areas of concern.
04 Jul 2005 16:00:03
(Official Notice)
Following the announcement to the shareholders by Labat on 6 June 2005, Labat advised its shareholders that there would be a delay in the publication of the 2005 provisional accounts, a possible restatement of the 2004 annual financial statements (`2004 AFS`) and a delay in the publication of the circular relating to the disposal by Labat of its retail business, Acme Stores (Pty) Ltd (`the Retail Disposal`) until mid July 2005. Shareholders were informed that Labat and its auditors are attending to these matters. The matter relating to the 2004 AFS has now been dealt with and the results of the review of the 2004 AFS have been submitted to the JSE for approval of the publication of a detailed announcement. The publication of the provisional accounts for the year ended 28 February 2005 as well as the publication of the circular relating to the Retail Disposal are being delayed until the aforementioned approval is received from the JSE. The results for the year ended 28 February 2005 are targeted to be published on 8 July 2005. In accordance with the process agreed by the JSE, the 2005 results will only be published once the detailed announcement relating to the 2004 AFS has been published.

11-Jul-2016
(X)
Labat Africa Ltd is a local black owned and managed investment holding company, listed on the Venture Capital Market of the Johannesburg Stock Exchange (JSE).The company is an investment holding company, which through its subsidiary, is engaged in its main business during the period under review, being the design and marketing of integrated circuits.



Labat was founded and incorporated in 1995 by Brian van Rooyen and Victor Labat and listed on the JSE in 1999 as one of the first listed BEE companies. Labat has been a major Government contractor providing consulting and related services since 1995. Labat has since inception successfully implemented many high profile Government assignments.
04 Jul 2005 10:44:08
(Official Notice)
As a result of Labat`s failure to comply with the JSE Listings Requirements by not submitting its provisional annual financial statements timeously, its listing has been suspended with immediate effect.
20 Jun 2005 16:56:28
(Official Notice)
The JSE wishes to advise that Labat has failed to submit their provisional reports within the three-month period stipulated in the JSE`s Listings Requirements. The company`s listings on the JSESETS system will be annotated with an `RE` to indicate that the company has failed to submit its provisional reports timeously and that the listing of their securities are under threat of suspension and possible termination. Should the company still fail to submit their provisional report by Thursday, 30 June 2005, its listings will be suspended.

06 Jun 2005 16:01:25
(Official Notice)
Shareholders are referred to the further cautionary announcement dated 18 April 2005 and to the announcement dated 18 February 2005 where details of the disposal by Labat of its retail business, Acme Stores (Pty) Ltd were set out. There has been a delay in the approval by the JSE of the circular setting out, inter alia, details of the Retail Disposal. In addition, the JSE also advised Labat that a previous acquisition of Africard (Pty) Ltd is classified as a category 3 transaction, requiring notification by way of a formal announcement.



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