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30-Aug-2018
(Official Notice)
30-Aug-2018
(Official Notice)
Shareholders are advised that at the 85th Mr Price Group Annual General Meeting (?AGM?) held yesterday, Wednesday, 29 August 2018, all the ordinary and special resolutions as set out in the notice of AGM dated 11 June 2018 were passed by the requisite majority of votes of shareholders present in person or represented by proxy.
29-Jun-2018
(Official Notice)
Shareholders are advised that the 2018 Annual Integrated Report (?2018 AIR?), which incorporates the audited annual financial statements for the 52 weeks ended 31 March 2018, has been distributed to shareholders and published on the Group?s website (www.mrpricegroup.com), today, 29 June 2018. The audited annual financial statements contain no modifications to the audited results which were published on SENS on 1 June 2018. There have been no changes to the unqualified auditor?s report which was referenced in the audited results and made available to shareholders at the Company?s registered office on the same date as the release of the audited results on SENS.



Notice of AGM

Notice is hereby given that the 85th Annual General Meeting (?AGM?) of shareholders of the Company will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue (previously NMR Avenue), Durban on Wednesday 29 August 2018 at 14h30 to transact the business as stated in the notice of AGM forming part of the 2018 AIR.



B-BBEE compliance report

Shareholders are advised that the annual compliance report in terms of Section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, will be available on the Company?s website (www.mrpricegroup.com) later today in the Sustainability/Our transformation tab.
01-Jun-2018
(C)
Revenue for the year increased 8% to R21.347 billion (2017: R19.763 billion), profit from operating activities jumped 22.4% to R3.732 billion (2017: R3.048 billion), profit attributable to equity holders of parent surged 22.9% to R2.781 billion (2017: R2.263 billion), while headline earnings per share grew 20.7% to 1 100.1 cents per share (2017: 911.4 cents per share).



Dividend

A final gross cash dividend of 414.10 cents per share has been declared for the 52 weeks ended 31 March 2018.



Committee changes

Further to the announcement on 7 May 2018 of the retirement by rotation of Myles Ruck at the August 2018 AGM, Mark Bowman was appointed as a member of the Group?s Remuneration and Nominations committee (?Remnomco?) on 29 May 2018. Marks appointment will ensure the smooth transition into his position as chair of Remnomco following Myles? retirement.
07-May-2018
(Official Notice)
In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Myles Ruck, non-executive Director of the Mr Price Group, chair of the Remuneration and Nominations Committee (?Remnomco?) and member of the Audit and Compliance Committee, has advised the Board of Directors (?Board?) that he will not offer himself for re-election at the August 2018 AGM and will accordingly retire by rotation. Myles will continue his Board and Committee responsibilities until then.



Independent non-executive director Mark Bowman, who is highly experienced in this regard, will take over the position of chair of Remnomco immediately after the August AGM.

26-Apr-2018
(Official Notice)
Mr Price is currently finalising its annual financial results for the year ended 31 March 2018. In this regard, shareholders are advised that earnings are likely to be higher than those reported for the previous corresponding reporting period, as follows:



Reported annual results 01/04/2017 (cents) - Expected annual results 31/03/2018 (cents) - % increase

* Basic earnings per share : 884.6 - 1 061.5 - 1 097.0 - 20-24

* Basic headline earnings per share : 911.4 - 1 075.5 - 1 112.0 - 18-22

* Diluted earnings per share : 861.9 - 1 034.3 - 1 068.8 - 20-24

* Diluted headline earnings per share : 887.9 - 1 047.7 - 1 083.2 - 18-22



The annual financial results for the year ended 31 March 2018 are expected to be released on SENS on 1 June 2018.
08-Feb-2018
(Official Notice)
Mr Price announced the appointment of Brenda Niehaus as an independent non-executive director to the board of directors (?Board?), with immediate effect. Her appointment comes as the Board continues to refresh its membership and seeks to boost its information and technology (?IT?) skills.
17-Jan-2018
(Official Notice)
During the third quarter (1 October 2017 to 30 December 2017) of the financial year ending 31 March 2018 the Group recorded growth in retail sales and other income (RSOI) of 8.3% to R6.9bn over the corresponding period in the prior year (?Corresponding Period?).



Corporate-owned and franchise stores generated total retail sales of R6.6bn, an increase of 8.3%. Corporate-owned store performance was as detailed in the relevant SENS note.



On a Group basis, sales growth was consistent across each month, and RSOI exceeded R3bn for the first time in a single month in December 2017.



South African retail sales of R6.1bn grew 8.8%. Store sales were up 8.8% and online sales up 12.2%, with divisional growth in online sales in MRP Apparel, MRP Sport and MRP Home of 27.7%, 19.8% and 1.6% respectively. Non-South African sales increased by 4.8% to R447.7m.



Cash sales were up 10.1%, constituting 84.4% of total sales. The ongoing strained credit environment and consumers? preference to transact in cash resulted in credit sales growth of 0.9% lagging that of cash sales.



Other income grew 8.2% to R307.7m, supported by growth in cellular of 10.9% and insurance of 13.3%. As anticipated, fees and interest derived from the credit portfolio recorded lower growth at 6.4%.



Despite a competitive retail environment, well executed merchandise offers resulted in lower markdowns and an improved gross profit percentage over the comparable period.



Further momentum in sales growth has been gained for the two- week period from 31 December 2017 to 13 January 2018, not included in the analysis above.
20-Nov-2017
(C)
Revenue for the period increased by 6.7% to R9.778 billion (2016: R9.167 billion), profit from operating activities shot up by 22% to R1.526 billion (2016: R1.251 billion), profit attributable to equity holders of parent jumped 23.6% to R1.138 billion (2016: R921 million), while headline earnings per share grew 22.2% to 442.9 cents per share (2016: 362.3 cents per share).



Dividend

An interim gross cash dividend of 279 cents per share has been declared for the 26 weeks ended 30 September 2017.



Committee member appointment

Following the retirement of John Swain at the August 2017 AGM, Mark Bowman was appointed as a member of the Group?s Audit - Compliance Committee (the ?Committee?) on 14 November 2017. Mark is an independent non-executive director of the Company appointed to the board of directors of the Company on 28 February 2017. In compliance with the Companies Act, 71 of 2008, Mark?s appointment as a member of the Committee will be put to shareholders for approval at the August 2018 AGM.
07-Nov-2017
(Official Notice)
Mr Price is currently finalising its interim financial results for the six months ended 30 September 2017. In this regard, shareholders are advised that earnings are likely to be between 20% and 25% higher than those reported for the previous corresponding reporting period, as follows:



Reported interim 01/10/2016 cents - Expected interim 30/09/2017 cents

* Basic earnings per share : 361.8 - 434.2 ? 452.3

* Basic headline earnings per share : 362.3 - 434.8 ? 452.9

* Diluted earnings per share : 350.7 - 420.8 ? 438.4

* Diluted headline earnings per share : 351.2 - 421.4 ? 439.0



The interim financial results for the six months ended 30 September 2017 are expected to be released on SENS on 20 November 2017.
01-Sep-2017
(Official Notice)
Shareholders are advised that at the Mr Price Group Annual General Meeting (?AGM?) held on Thursday 31 August 2017, all the ordinary and special resolutions as set out in the notice of AGM dated 30 May 2017, save for ordinary resolutions 2.3 and 5.4, were passed by the requisite majority of votes of shareholders present in person or represented by proxy. Ordinary resolutions 2.3 and 5.4 regarding the re-election of John Swain as a director following his retirement by rotation and his election as a member of the Audit and Compliance committee respectively, were withdrawn (refer to paragraph headed ?Retirement by rotation of independent non-executive director? below). The total number of shares present or represented, including by proxy, at the AGM was 84.92% of the Group?s issued share capital as at Friday 25 August 2017, being the voting record date.



Retirement of director

At the meeting of directors held yesterday immediately prior to the AGM, John Swain, an independent non-executive director, advised that he intended to retire from the board of directors of the Group, and as such would not be offering himself for re-election following his retirement by rotation in terms of the Group memorandum of incorporation.



In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are accordingly advised that Mr Swain retired as an independent non-executive director and as a member of both the Audit and Compliance and Remuneration and Nominations committees with effect from the close of the AGM on 31 August 2017.
01-Sep-2017
(Official Notice)
Shareholders are advised that, in the first four months (18 weeks to 5 August 2017) of the financial year ending 31 March 2018, retail sales grew by 6.2% to R6.5 billion.



As reported at the year-end results presentation in May 2017, given the current low growth economy and resultant poor retail environment, the most significant near-term opportunity is to regain lost market share in the two divisions, MRP Apparel and Miladys, which underperformed in the previous financial year. Despite intensified competitor promotional activity, our focused efforts are proving successful. The combined South African sales growth of MRP Apparel and Milady?s from April to June 2017 was 10.1%, which compares favourably to Type_ D retailers (textiles, clothing, footwear and leather goods), as reported by STATS SA, which grew 4.8% over the same period.



With their improved trading and inventory performance, these two divisions are expected to contribute positively to the group?s anticipated improvement in gross profit margin for the first half ending 30 September 2017. The merchandise offers in MRP Sport and the homewares chains are a more discretionary buy. Despite constrained consumers reducing their spend in these categories, our level of execution and value proposition remains strong.



Online sales were 6.4% higher. MRP Sport and MRP Home growth tracked physical store sales growth, while MRP Apparel recorded growth of 20.1%.



Group cash sales increased 6.3%, constituting 82.6% (LY: 82.4%) of total sales and credit sales increased 5.4%. Weighted average trading space was 2.6% higher.



Other income grew by 3.4%, to R372.0 million. Debtors? interest and fees grew 7.7% and insurance revenue 18.0%. The temporary slowdown in cellular revenue growth (-8.1%) resulting from a focus on process improvements and product mix changes is expected to have a positive impact on profitability.



Total retail sales and other income grew 6.0% to R6.9 billion.



Retail sales for the three-week period from 6 to 26 August 2017, not included in the analysis above, were up 6.8% and comparable store sales 4.8%. Divisional performance was similar to the table reflected above.
30-Jun-2017
(Official Notice)
Shareholders are advised that the 2017 Annual Integrated Report (?2017 AIR?), which incorporates the audited annual financial statements for the 52 weeks ended 1 April 2017, has been distributed to shareholders and published on the Group?s website (www.mrpricegroup.com), today, 30 June 2017. The audited annual financial statements contain no modifications to the audited results which were published on SENS on 30 May 2017.



Notice of the Annual General Meeting

Notice is hereby given that the 84th Annual General Meeting (?AGM?) of shareholders of the company will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue (previously NMR Avenue), Durban on Thursday 31 August 2017 at 14h30 to transact the business as stated in the notice of AGM forming part of the 2017 AIR.



Salient dates

*Record date to determine which shareholders are entitled to receive notice of the AGM - Friday, 23 June 2017

*Publication of the 2017 AIR including Notice of AGM on the company website - Friday, 30 June 2017

*Last day to trade in order to be eligible to attend and vote at the AGM - Tuesday, 22 August 2017

*Record date to determine which shareholders are entitled to attend and vote at the AGM - Friday, 25 August 2017

*Deadline for lodging forms of proxy for the AGM at 14h30 on* Tuesday, 29 August 2017 AGM at 14h30 on Thursday, 31 August 2017

*any proxies not lodged with the company?s transfer secretaries, Computershare Investor Services Proprietary Limited, by this time must be handed to the chairperson of the AGM immediately prior to the commencement of the AGM.



Availability of B-BBEE Compliance Certificate

Shareholders are advised that the annual compliance certificate in terms of Section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No.46 of 2013, is available on the Group?s website (www.mrpricegroup.com).
01-Jun-2017
(Official Notice)
The company refers to the media release issued today by the National Credit Regulator (NCR). The NCR alleges that the group is in breach of the National Credit Act (NCA) as a result of including a club fee on credit agreements. They contend the charging of this fee is not permitted by the NCA. The group responds as follows:



The view held by the NCR only pertains to Miladys (one of the six trading divisions of the group) who offer the club product to their account customers. It is imperative to note that this product is a standalone product which entitles voluntary signed up members to a number of benefits including loyalty vouchers, savings with affinity partners and lifestyle magazines. Over the years, customers have been happy with the services and benefits associated with the club and the group believes in the value offering which supports the company's proposition of great fashion and value.



The company is opposing the referral to the National Consumer Tribunal (NCT) instituted by the NCR, as the company does not agree with the view held by the NCR. The group also obtained the advice of Senior Counsel, which was to the effect that the NCR?s position is untenable as it appears that the NCR has no rational basis for the relief sought against the company in these proceedings. It should also be noted that the underlying judgement handed down by the NCT against Edcon Ltd., upon which the NCR relies in holding this view, is being appealed.

30-May-2017
(C)
Revenue for the year decreased by 1.2% to R19.8 billion (2016: R20 billion), profit from operating activities decreased by 15.4% to R3 billion (2016: R3.6 billion), profit attributable to equity holders of parent was 14.5% lower at R2.3 billion (2016: R2.6 billion), while headline earnings per share fell by 13.8% to 911.4 cents per share (2016: 1 057.8 cents per share).



Dividend

Notice is hereby given that a final gross cash dividend of 438.8 cents per share has been declared for the 52 weeks ended 1 April 2017. As the dividend has been declared from income reserves, shareholders, unless exempt or who qualify for a reduced withholding tax rate, will receive a net dividend of 351.04000 cents per share. The dividend withholding tax rate is 20%.









03-May-2017
(Official Notice)
Shareholders are hereby given notice, in terms of section 45(5) of the Companies Act, 71 of 2008 (?the Act?), that the Board of Directors has authorised the Company to provide, from time to time during the period 21 April 2017 to 1 October 2017, financial assistance of not more than R63 million to its related or inter-related companies.



In providing this notice, the Board confirms that due consideration was given to the solvency and liquidity requirements of Section 4 of the Act and that shareholder approval by way of special resolution in terms of section 45(3) of the Act was obtained at the August 2016 AGM.
28-Feb-2017
(Official Notice)
Mr Price announced the appointment of an additional director to the board of directors (?Board?). Mr Mark Bowman has, with immediate effect, been appointed as an independent non-executive director. His appointment comes as the Board seeks to refresh its membership and strengthen its international skills base.
17-Jan-2017
(Official Notice)
17-Jan-2017
(Official Notice)
14-Nov-2016
(C)
Revenue for the interim period grew by 1.5% to R9.2 billion (R9.0 billion). Profit from operating activities decreased by 13.4% to R1.3 billion (R1.4 billion). Profit attributable to equity holders took a 14.4% dip to R0.9 billion (R1.1 billion). In addition, headline earnings per share fell 15.3% to 362.3 cents per share (427.6 cents per share).



Interim dividend

Notice is hereby given that an interim gross cash dividend of 228.20 cents per share has been declared for the 26 weeks ended 1 October 2016. As the dividend has been declared from income reserves, shareholders, unless exempt or who qualify for a reduced withholding tax rate, will receive a net dividend of 193.97 cents per share.
09-Nov-2016
(Official Notice)
The Board is pleased to announce the appointment of Mrs Janis Peta Cheadle as Group Company Secretary and Head of Governance, with effect from 1 March 2017. Mrs Helen Ellis Grosvenor will remain in the role until 28 February 2017 and thereafter ensure a smooth transition of her responsibilities to Mrs Cheadle.



25-Oct-2016
(Official Notice)
As was communicated on SENS on 21 April 2016 (Engagement with Stakeholders F2016 results), the Group now focusses on a single live webcast presentation to permit the simultaneous communication of a consistent message to its international shareholder base. The webcast for the F2017 interim results will be broadcast out of Johannesburg with the dates, times and specific details of the information being published, detailed below.



* 14 November 2016 ? 07h00 - Publication on SENS of the unaudited interim results covering the 26 week trading period to 1 October 2016



Presentation to the Investment Analyst Society published on the Group website www.mrpricegroup.com/InvestorRelations/ReportsResults
14-Oct-2016
(Official Notice)
Shareholders are hereby informed that Mrs Helen Ellis Grosvenor has resigned as company secretary and will be leaving the Group in order to pursue personal objectives and other opportunities. She will remain in her position until 28 February 2017, affording the opportunity for a suitable replacement to be appointed and to ensure a smooth transition.







02-Sep-2016
(Official Notice)
Shareholders are advised that, since the release of the trading update, the company has received a number of requests for one-on-one meetings with shareholders and investors seeking additional information. Taking into account the provisions of the JSE Ltd. Listings Requirements and the Financial Markets Act 19 of 2012, the company hereby advises that further communication will take place as detailed below.



In order to ensure full, equal and timeous disclosure of information to all shareholders and investors, a conference call will be held at 17h00 on Tuesday, 13 September 2016. Interested parties are requested to please submit their questions relating to the trading update for the 18 weeks ended 6 August 2016 to hgrosvenor@mrpg.com by 17h00 on Wednesday, 7 September 2016. Management will endeavour to respond fully to these questions, but will not compromise information to be disclosed in its interim financial results for the six months ended 30 September 2016. Regrettably, one-on-one investor meetings will not be accommodated.



To participate in the conference call, shareholders and investors are invited to pre-register via the link on the Group?s website at www.mrpricegroup.com/InvestorRelations/InvestorCalendar. Following the call, a recording will be published on the Group?s website at www.mrpricegroup.com/Investor Relations/Reports-Results.
01-Sep-2016
(Official Notice)
Shareholders are hereby given notice, in terms of section 45(5) of the Companies Act, 71 of 2008 (?the Act?), that in respect of the F2017 financial year, the Board has approved further loans to subsidiary companies amounting to R41 million. In providing this notice, the Board confirms that due consideration was given to the solvency and liquidity requirements of Section 4 of the Act and that annual approval has been obtained from shareholders for the granting of such financial assistance in terms of Section 45(3) of the Act.

31-Aug-2016
(Official Notice)
At the 83rd Annual General Meeting (?AGM?) of the shareholders of Mr Price Group Ltd. held today, 31 August 2016, all the ordinary and special resolutions proposed at the meeting were unaltered from that reflected in the Notice of Meeting and were approved by the requisite majority of votes.



31-Aug-2016
(Official Notice)
30-Jun-2016
(Official Notice)
Shareholders are advised that the audited annual financial statements for the 53 weeks ended 2 April 2016 has been distributed to shareholders and published on the Group?s website (www.mrpricegroup.com) on 30 June 2016. The audited annual financial statements contain no modifications to the audited results which were published on SENS on 31 May 2016.



Notice of the Annual General Meeting

Notice is hereby given that the 83rd Annual General Meeting of Mr Price Group Limited shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue (previously NMR Avenue), Durban on Wednesday 31 August 2016 at 14h30 to transact the business as stated in the Annual General Meeting notice forming part of the audited annual financial statements.



Specific Repurchase

Included in the notice is Special Resolution No 3, requesting specific authority to repurchase treasury shares held in excess of obligations to participants. The Company seeks to acquire and cancel 2 000 000 of its own issued ordinary shares, (par value 0.025 cents) at the volume weighted average price of Mr Price Group Limited ordinary shares for the 30 days prior to 31 August 2016, from the Mr Price Partners Share Trust (Master?s reference number IT4984/2006). Upon approval of Special Resolution No 3, the acquisition, cancellation and delisting of the shares will occur within the first two weeks of September. As the specific repurchase is intra-group, no significant cash will be utilised and the financial effects are minimal.



The impact on the total issued share capital is that the ordinary shares (0.025 cents par value) will be reduced by 2 million ordinary shares to 253 995 880. The share capital account will be reduced by R500 (being the 2 million shares at the par value of 0.025 cents per share). The share premium account will reduce by the difference between the purchase price (VWAP for the 30 days prior to 31 August 2016) and the par value of the shares, being 0.025 cents per share. The treasury shares held across all Group share and share option schemes will decrease by 2 million shares from 13 005 093 to 11 005 093 ordinary shares.
31-May-2016
(C)
Revenue for the year increased by 10.5% to R20 billion (2015: R18.1 billion), profit from operating activities rose by 17.1% to R3.6 billion (2015: R3.1 billion), profit attributable to equity holders of parent was 15.4% higher at R2.6 billion (2015: R2.3 billion), while headline earnings per share grew by 15% to 1 057.8 cents per share (2015: 919.7 cents per share).



Dividend

Notice is hereby given that a final gross cash dividend of 419.0 cents per share has been declared for the 53 weeks ended 2 April 2016, an increase of 13.7%. The increase in the final dividend is lower than headline earnings growth due to the increase in the dividend payout ratio at the interim stage and is based on the 53 week results. As the dividend has been declared from income reserves, shareholders, unless exempt or who qualify for a reduced withholding tax rate, will receive a net dividend of 356.150 cents per share.
23-May-2016
(Official Notice)
The year end results have been finalised and the final trading statement is provided as follows:

2016 and 2015 52 weeks

Earnings per share (cents)

*Basic -- 1 032.9; 917.3

*Headline -- 1 035.2; 919.7

*Diluted basic -- 989.1; 862.9

*Diluted headline -- 991.2; 865.1

*Dividends per share -- 667.0; 580.0

*Dividend payout ratio (%) -- 63.1; 63.1



The detailed audited year end results will be released on SENS on 31 May 2016.



Final cash dividend declaration

Notice is hereby given that a final gross cash dividend of 419.0 cents per share has been declared for the 53 weeks ended 2 April 2016, an increase of 13.7%. The increase in the final dividend is lower than headline earnings per share growth due to the increase in the dividend payout ratio at the interim stage and is based on the 53 week results. As the dividend has been declared from income reserves, shareholders, unless exempt or who qualify for a reduced withholding tax rate, will receive a net dividend of 356.150 cents per share.



The issued share capital at the declaration date is 255 995 880 listed ordinary and 10 945 081 unlisted B ordinary shares. The tax reference number is 9285/130/20/0.



The salient dates for the dividend are as follows:

*Last date to trade 'cum' the dividend -- Friday 17 June 2016

*Date trading commences 'ex' the dividend -- Monday 20 June 2016

*Record date -- Friday 24 June 2016

*Payment date -- Monday 27 June 2016



Shareholders may not dematerialise or rematerialise their share certificates between Monday 20 June 2016 and Friday 24 June 2016, both dates inclusive.
21-Apr-2016
(Official Notice)
In the interests of continually improving the quality and inclusivity of the Group?s engagement with its stakeholders, the communication of the F2016 annual results will be following a revised format. The historical approach of two closed presentations in Johannesburg and Cape Town has been replaced with a single live webcast presentation, broadcast out of Cape Town. The venue will alternate with Johannesburg, which will host the interim results in November each year. This permits the simultaneous communication of a consistent message, at a time convenient to the majority of global shareholders, and the dates, times and specific details of the information being published are detailed below.



23 May 2016 ? 15h00

Publication on SENS of summarised F2016 results, incorporating high level earnings disclosure and declaration of final dividend.



31 May 2016 ? 15h00

Publication on SENS of the detailed F2016 results, incorporating:

*Consolidated statement of comprehensive income

*Consolidated statement of financial position

*Consolidated statement of changes in equity

*Consolidated statement of cash flows

*Supplementary information

*Financial Commentary

*Press release



1 June 2016 ? 13h00

Analyst presentation published on the Group website http://www.mrpricegroup.com/InvestorRelations/ReportsResults



1 June 2016 ? 15h00

Live webcast of F2016 year-end results presentation to the Investment Analyst Society



Venue

Belmond Mount Nelson Hotel

(Sherwood Room)

76 Orange Street

Gardens

Cape Town



Physical attendance registration

Investors wishing to attend the presentation in Cape Town should contact the Company Secretary at hgrosvenor@mrpg.com or 031 310 8023.



Virtual attendance registration

Investors wishing to view the live webcast should register via http://www.corpcam.com/MRP01062016





15-Jan-2016
(Official Notice)
During the third quarter (27 September 2015 to 26 December 2015) of the financial year ending 2 April 2016, Mr Price Group recorded total sales growth of 6.5% and comparable sales growth of 3.4% over the corresponding period in the prior year (?Corresponding Period?).



The Group recorded weighted average space growth of 3.8%. Retail selling price inflation was 6.6% and unit sales were in line with the Corresponding Period. The trading environment has continued to be challenging. In assessing relative performance, the following factors are noteworthy:

- The high levels of past performance in MRP Apparel, which constitutes 63.6% of Group sales. Comparable sales growth in the two previous Corresponding Periods in 2013 and 2014, were 13.8% and 12.9% respectively.

- South African sales growth in MRP Apparel was 9.2% (comparable sales growth 6.2%).

- Cash sales, which constitute 83.2% of total sales, grew by 8.3%. Credit sales declined by 1.4% due to the Group?s strict credit granting criteria, consumers? low credit appetite and recent legislative changes impacting new account applications.



Looking forward, the sales base in February and March of the Q4 trading period, and beyond, is less challenging. Although the January base is still high, an improvement in sales growth rates has been experienced to date. Interested parties are reminded of the conference call at 16h00 (SA time) on 18 January 2016, which will provide further insight to the information contained in this trading update. To register for participation kindly refer to the Group?s website www.mrpricegroup.com/investor relations/investor calendar.
23-Dec-2015
(Official Notice)
Interested parties are advised that the trading update for Q3 of the financial year ending 28 March 2016 will be published on SENS on 15 January 2016 at 16h00. A conference call presentation and Q-A session with Chief Executive Officer, Stuart Bird and Chief Financial Officer, Mark Blair in respect of this trading update will be held on Monday 18 January 2016 between 16h00 and 17h00. To participate investors are invited to pre-register via the link on the Group?s website at www.mrpricegroup.com/InvestorRelations/InvestorCalendar.



18-Nov-2015
(C)
Revenue rose by 9.2% to R9 billion (R8.3 billion). Profit from operating activities jumped 16.3% to R1.4 billion (R1.2 billion). Profit attributable to equity holders grew by 16.8% to R1.1 billion (R921 million). In addition, headline earnings per share increased by 15.2% to 427.6 cents per share (headline earnings per share of 371.1 cents per share).



Interim cash dividend

As previously communicated, the Company plans to more closely align the interim and annual dividend payout ratios over time. As a consequence, the increase in dividend per share at the interim stage is higher than the increase in headline earnings per share. No change to the annual payout ratio of 63.0% is expected.



Notice is hereby given that an interim gross cash dividend of 248.0 cents per share has been declared, an increase of 17.3%.
13-Nov-2015
(Official Notice)
The interim results have been finalised and the following trading statement is provided ahead of the detailed results which will be released on SENS on 18 November 2015:



2015; 2014 and % change

*Basic earnings per share (cents) -- 426.2; 370.5; 15.0

*Headline earnings per share (cents) -- 427.6; 371.1; 15.2

*Diluted basic earnings per share (cents) -- 405.2; 348.4; 16.3

*Diluted headline earnings per share (cents) -- 406.8; 349.0; 16.6

*Dividend per share (cents) -- 248.0; 211.5; 17.3

*Dividend payout ratio (%) -- 58.0; 57.0



Interim Cash Dividend Declaration

Notice is hereby given that an interim gross cash dividend of 248.0 cents per share has been declared, an increase of 17.3%. The increase in the interim dividend is higher than headline earnings per share growth due to the ongoing strategy to align the interim and annual payout ratios. As the dividend has been declared from income reserves, shareholders, unless exempt or who qualify for a reduced withholding tax rate, will receive a net dividend of 210.8 cents per share.



The issued share capital at the declaration date is 253 183 867 listed ordinary and 11 445 081 unlisted B ordinary shares. The tax reference number is 9285/130/20/0.



The salient dates for the dividend are as follows:

*Last date to trade 'cum' the dividend -- Friday 04 December 2015

*Date trading commences 'ex' the dividend -- Monday 07 December 2015

*Record date -- Friday 11 December 2015

*Payment date -- Monday 14 December 2015



Shareholders may not dematerialise or rematerialise their share certificates between Monday 07 December 2015 and Friday 11 December 2015, both dates inclusive.
07-Oct-2015
(Official Notice)
Shareholders are advised that, in order to more closely align the ticker code with the nomenclature used in certain trading entities of Mr Price Group, the following changes will occur:

*New Ticker code: MRP

*New ISIN number: ZAE000200457



The timetable for such change shall be as follows:

*Last day to trade under the old Ticker and ISIN number Friday, 23 October 2015

*Commencement of trading under the new Ticker and ISIN number Monday, 26 October 2015

*Record date for accounts to be updated to the new Ticker and ISIN number Friday, 30 October 2015

*Accounts at CSDPs will be updated on Monday, 2 November 2015



The Issuer name of Mr Price Group Limited and abbreviated name of Mr Price remain unchanged. In addition, the current share certificates remain valid and are not required to be surrendered.

02-Sep-2015
(Official Notice)
At the 82nd annual general meeting (?AGM?) of the shareholders of Mr Price Group Ltd. held today, 1 September 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In the case of Ordinary Resolution 3, Ernst and Young Inc is the proposed independent registered auditor however, due to Mrs Oliva relocating from Durban, the prosed designated auditor within Ernst - Young was changed to Vinodhan Pillay. All other resolutions remain unaltered from the wording presented in the Notice of Annual General Meeting.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

01-Sep-2015
(Official Notice)
12-Aug-2015
(Official Notice)
Interested parties are advised of the following stakeholder engagement activities.



1 September 2015 ? 14h00

Sales trading update for the first four months of the F2016 year (29 March 2015 to 29 August 2015).



1 September 2015 ? 14h30

2015 Annual General Meeting. All requests to participate should be directed to the Company Secretary at hgrosvenor@mrpg.com, by 14h30 on 28 August 2015.



3 September 2015 ? 15h00 to 16h00

Investor conference call with management in respect of the F2016 trading update released on 1 September 2015. All requests to participate should be directed to Rod Salmon of Barclays Capital at priscilla.leroux@barclays.com by 10h00 on 3 September 2015.
26-Jun-2015
(Official Notice)
Shareholders are advised that the audited annual financial statements for the 52 weeks ended 28 March 2015 will be distributed to shareholders and published on the Group?s website (www.mrpricegroup.com) on 26 June 2015. The audited annual financial statements contain no modifications to the audited results which were published on the Stock Exchange News Service of the Johannesburg Stock Exchange on 2 June 2015.



Notice of the annual general meeting

Notice is hereby given that the 82nd annual general meeting of Mr Price Group Limited shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue (previously NMR Avenue), Durban on Tuesday 1 September 2015 at 14h30 to transact the business as stated in the annual general meeting notice forming part of the audited annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting Friday, 19 June 2015

*Last day to trade in order to be eligible to attend and vote at the annual general meeting Friday, 21 August 2015

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Friday, 28 August 2015

*Forms of proxy for the annual general meeting to be lodged by 14h30 on Friday, 28 August 2015

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

02-Jun-2015
(C)
Revenue increased by 13.9% to R18.1 billion (R15.9 billion). Profit from operating activities was up 21.3% to R3.1 billion (R2.5 billion). Net attributable profit rose 22.8% to R2.3 billion (R1.9 billion). In addition, headline earnings per share grew 20.2% to 919.7cps (765.1cps).



Dividend

A final gross ordinary dividend of 368.5cps has been declared.



Prospects

The external factors impacting the South African economy are expected to endure for the forthcoming financial year. We are, therefore, anticipating tough trading conditions. Our target customers are primarily in the mid to upper LSM categories, who are generally less impacted by the constraints mentioned above. However, this could change if inflation and interest rates spike. As a fashion value retailer selling predominantly for cash, the Group is comparatively well positioned to withstand these challenges, however, it is not immune. Every effort will be made to keep prices affordable during these tight economic times, and to remain the destination of choice amongst our target customers.



Although sales growth was lower in the second half of the year, this is not wholly due to the market factors mentioned earlier. The internal factors which affected performance have been identified and addressed and will be seen as improvement opportunities in the year ahead. We will focus intently on the various aspects of our proven business model, anticipate challenges and be responsive to opportunities.
22-May-2015
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 5 May 2015 in respect of the results for the 52 weeks ended 28 March 2015 (?the year end results?). The year end results have been finalised and the final trading statement is provided as follows:



2015 - 2014

Earnings per share (cents)

* Basic 917.3 - 757.1

* Headline 919.7 - 765.1

* Diluted basic 862.9 - 707.4

* Diluted headline 865.1 - 715.1

* Dividends per share 580.0 - 482.0

* Dividend payout ratio (%) 63.1 - 63.0



The detailed audited year end results will be released on SENS on 2 June 2015.



Final dividend

Notice is hereby given that a final gross cash dividend of 368.5 cents per share has been declared, an increase of 17.4%. The increase in the final dividend is lower than headline earnings per share growth due to the increase in the dividend payout ratio at the interim stage. As the dividend has been declared from income reserves, shareholders, unless exempt or who qualify for a reduced withholding tax rate, will receive a net dividend of 313.225 cents per share. The issued share capital at the declaration date is 253 183 867 listed ordinary and 11 445 081 unlisted B ordinary shares. The tax reference number is 9285/130/20/0.



The salient dates for the dividend are as follows:

* Last date to trade 'cum' the dividend : Thursday 11 June 2015

* Date trading commences 'ex' the dividend : Friday 12 June 2015

* Record date : Friday 19 June 2015

* Payment date : Monday 22 June 2015



Shareholders may not dematerialise or rematerialise their share certificates between Friday 12 June 2015 and Friday 19 June 2015, both dates inclusive.
05-May-2015
(Official Notice)
Shareholders are advised that the company is finalising its results for the 52 weeks ended 28 March 2015 ("current period") and expects basic, headline, diluted basic and diluted headline earnings per share to increase by between 18% and 22%.



In terms of cents per share, the earnings per share ranges are as follows :

*Basic -- between 893.4c and 923.7c (2014: 757.1c)

*Headline -- between 902.8c and 933.4c (2014: 765.1c)

*Diluted basic -- between 834.7c and 863.0c (2014: 707.4c)

*Diluted headline -- between 843.8c and 872.4c (2014: 715.1c)



The final results are expected to be released on the Stock Exchange News Service of the JSE Ltd. on Friday 22 May 2015.
30-Apr-2015
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:



The chairmanship of the Audit and Compliance Committee has transferred from Mr John Swain to Ms Daisy Naidoo, who will chair her first meeting on 19 May 2015. Ms Naidoo has been a member of the Audit and Compliance Committee since she joined the board in May 2012 and Mr Swain will remain a member of the Committee.
27-Feb-2015
(Official Notice)
Laurie Chiappini, co-founder and honorary chairman of the Mr Price Group, having recently reached 70 years of age, has expressed a wish to retire from the board. He will continue to consult to the Group on strategic, merchandise and marketing matters as well as continuing to act as mentor to senior members of the management team. He will also be devoting more time to the activities of the MRP Foundation and particularly its various projects in education.



Mrs Chiappini-Young, who has served as an alternate director to her father since August 2010, automatically leaves the board with Mr Chiappini?s retirement.
15-Jan-2015
(Official Notice)
18-Nov-2014
(Media Comment)
According to Business Day Mr Price's budget -conscious offerings continue to appeal to shoppers, giving the group consistent market share gain. Cheap and chic cash-based retailer Mr Price bucked the doldrums in the broader retail sector to report a 23% increase in first half profit. CEO Mr Bird said conditions were expected to remain challenging in the medium term.
17-Nov-2014
(C)
Revenue went up 14.7% to R8.3 billion (R7.2 billion). Profit from operating activities jumped 22.6% to R1.2 billion (R1.0 billion). Profit attributable to equity holders grew by 23.3% to R921 million (R747 million). In addition, headline earnings per share increased by 21.7% to 371.1 cents per share (305.0 cents per share).



Interim cash dividend

As previously communicated, the company plans to more closely align the interim and annual dividend payout ratios over time. As a consequence, the increase in dividend per share at the interim stage is higher than the increase in headline earnings per share. No change to the annual payout ratio of 63.0% is expected.



Notice is hereby given that an interim gross cash dividend of 211.5 cents per share has been declared, an increase of 25.9%.



Outlook

Although consumer confidence increased slightly in the third quarter of 2014, retail trading conditions are expected to remain challenging in the medium-term. The Group has some dependency on lower LSM's (Sheet Street) and credit (Miladys). In addition, the sales growth of 15.2% (comparable 11.3%) in the second half of last year has set a high base. Although October sales grew by 17.6% (comparable 13.1%), this was aided by a shift in school holidays from September in the prior year to October in the current year. However, the resilience of the Group's fashion-value formula and the many growth initiatives underway allow it to remain positive about long term prospects. The Group will continue to enhance systems and infrastructure, often incurring costs ahead of benefits derived therefrom. Approximately 41 new stores are planned to open in the second half of the year.
23-Oct-2014
(Official Notice)
The company is finalising its results for the 26 weeks ended 27 September 2014 ("current period") and expects basic, headline, diluted basic and diluted headline earnings per share to increase by between 20% and 24%.



In terms of cents per share, the ranges are as follows:

* Basic - between 364.6c and 376.7c (2013: 303.8c)

* Headline - between 366.0c and 378.2c (2013: 305.0c)

* Diluted basic - between 339.0c and 350.3c (2013: 282.5c)

* Diluted headline - between 340.3c and 351.7c (2013: 283.6c)



The final results are expected to be released on Monday, 17 November 2014.
03-Sep-2014
(Official Notice)
At the 81st Annual General Meeting of the company held on 3 September 2014, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolutions, where applicable, will be lodged for registration with the Companies and Intellectual Property Commission in due course. As per the Notice of Annual General Meeting, with effect from 3 September 2014, Mr Tembe retired by rotation from the Board as an independent non-executive Director. Due to various other commitments, Mr Tembe chose not offer himself for re-election.
03-Sep-2014
(Official Notice)
During the first 18 weeks (30 March 2014 to 2 August 2014) of the financial year ending 28 March 2015, Mr Price recorded total sales growth of 16.1% (comparable 12.1%) over the corresponding period in the prior year (31 March 2013 to 3 August 2013).

* Cash sales growth of 19.0% exceeded credit sales growth of 5.7% and constituted 80.6% of total sales(LY: 78.6%)

* 24 stores were opened and 2 closed in the current period

* Closing space increased by 5.8% and weighted average trading space increased by 4.0% over the comparable period

* Units sold increased by 5.4%

* Retail selling price inflation was 10.2%



The Apparel Segment (Mr Price Apparel, Mr Price Sport and Miladys), which represents 73.2% of sales (LY: 72.0%), achieved sales growth of 18.0% (comparable 13.9%). Retail selling price (RSP) inflation of 11.6% in Mr Price Apparel (product mix 3.6% and price 8.0%) contributed to the segment recording RSP inflation of 9.3%. Weighted average trading space increased by 5.8% and units sold increased by 8.0%.



Mr Price Apparel delivered strong sales growth and continued to increase market share, Mr Price Sport performed in line with expectations and Miladys experienced a disappointing trading period caused by the difficult credit environment (57.2% of sales on credit) and some incorrect merchandise calls. The Home Segment (Mr Price Home and Sheet Street) achieved sales growth of 11.2% (comparable 7.4%). RSP of 12.5% was mainly due to Mr Price Home, which recorded 16.0% (mix 8.2% and price 7.8%). Weighted average trading space increased by 0.7% and units sold decreased by 1.2%.



Sales growth in this segment was driven by Mr Price Home, which represents 70.1% of the Group's total homeware sales. The chain's higher LSM customers are more able to withstand the current pressures on discretionary spending than Sheet Street's customers. Group sales for the four week period, 3 August to 30 August 2014 (which are not included in the commentary above) increased by 11.7% (comparable 7.0%).



The retail environment is expected to remain constrained for the remainder of the year. As a fashion-value retailer, the Group is comparatively well positioned. However, cognisance must be taken of the comparable period last year when Mr Price Apparel performed exceptionally well, thereby setting a very high base. The other chains are also expected to face tougher trading conditions in the second half.
27-Jun-2014
(Official Notice)
Shareholders are advised that the abridged annual financial statements for the 52 weeks ended 29 March 2014 will be distributed to shareholders on 27 June 2014. In addition, the unabridged annual financial statements will be published on the Group?s website (www.mrpricegroup.com) on 27 June 2014. Both the abridged and unabridged annual financial statements contain no modifications to the audited results which were published on SENS on 27 May 2014.



Notice of the annual general meeting

Notice is hereby given that the 81st annual general meeting of Mr Price Group Limited shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue (previously NMR Avenue), Durban on Wednesday 3 September 2014 at 14h30 to transact the business as stated in the annual general meeting notice forming part of the abridged annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting Friday, 20 June 2014

*Last day to trade in order to be eligible to attend and vote at the annual general meeting Friday, 22 August 2014

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Friday, 29 August 2014

*Forms of proxy for the annual general meeting to be lodged by 14h30 on* Monday, 1 September 2014

27-May-2014
(C)
08-May-2014
(Official Notice)
The company is in the process of finalising its results for the 52 weeks ended 29 March 2014 and expects basic, headline, diluted basic and diluted headline earnings per share to increase by between 20% and 23%.



The final results are expected to be released on SENS on Tuesday, 27 May 2014.
20-Feb-2014
(Official Notice)
In compliance with the JSE Listings Requirements, shareholders are advised that Mr Price has entered into a share repurchase programme, designed to take advantage of any share price weakness in a volatile equity market which may result in the repurchase of shares during its closed period ("repurchase programme"). This is in terms of an ongoing programme to purchase shares on the open market to satisfy the obligations of the various share schemes the Company has in operation. The closed period commences on 29 March 2014 (although the Company considers itself to be in a closed period from 17 March 2014) and ends on 27 May 2014, when the Company's results are scheduled to be released on SENS. Any repurchases will be effected within certain pre-set parameters of the repurchase programme and the JSE Listings Requirements. The repurchase programme is irrevocable and non-discretionary.
16-Jan-2014
(Official Notice)
During the third quarter (29 September 2013 to 28 December 2013) of the financial year ending 29 March 2014, Mr Price Group recorded total sales growth of 14.8% and comparable sales growth of 10.5% over the corresponding period in the prior year (30 September 2012 to 29 December 2012). Sales growth rates were fairly consistent in each of the three trading months. Retail selling price inflation was 10.8%.



Weighted average trading space increased by 3.3%. During the quarter the group opened 37 and closed 3 stores, adding a net 14 385 square metres to its trading area and ended with 1 075 stores.



The Group's strategy of focusing on cash sales and curtailing credit sales growth continued to gain momentum, reflecting increases for the quarter of 17.0% and 6.0% respectively. Cash sales constituted 81.1% of total sales(LY: 78.8%).



The Apparel Division (Mr Price, Mr Price Sport and Miladys), which represented 74.8% of sales(LY: 73.3%), achieved sales growth of 17.2% with comparable store sales growth of 12.3%. The division opened 21 stores (Mr Price Apparel 11, Mr Price Sport 6 and Miladys 4) and weighted average trading space increased by 5.4%. Retail selling price inflation of 10.8% was recorded.



The Home Division (Mr Price Home and Sheet Street) achieved sales growth of 8.3% and comparable store sales growth of 5.5%. Although the division opened 16 stores (Mr Price Home 5 and Sheet Street 11), weighted average trading space decreased by 0.4% as a result of space reductions earlier in the year. Retail selling price inflation of 10.9% was recorded.
12-Nov-2013
(C)
21-Oct-2013
(Official Notice)
The company is finalising its results for the 26 weeks ended 28 September 2013 ("current period") and expects earnings to increase by:



*Basic earnings per share between 20 and 24%

*Headline earnings per share between 18 and 22%

*Diluted headline earnings per share between 20 and 24%



The final results are expected to be released on Tuesday, 12 November 2013.
21-Aug-2013
(Official Notice)
At the 80th annual general meeting of the company, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolutions will be lodged for registration with the Companies and Intellectual Property Commission in due course.
21-Aug-2013
(Official Notice)
During the first 18 weeks (31 March 2013 to 3 August 2013) of the financial year ending 29 March 2014, Mr Price recorded total sales growth of 14% and comparable store sales growth of 9.1% over the corresponding period in the prior year (1 April 2012 to 4 August 2012). Retail selling price inflation for the period was 7.4%, weighted average trading space increased by 3.5% and units sold increased by 6.1%.



While the current credit environment in South Africa remains challenging, the Group is satisfied that the initiatives undertaken last year to reduce credit sales growth have not negatively impacted overall sales growth. Customers have responded to the fashion value merchandise offer and during the period cash sales growth of 14.1% exceeded credit sales growth of 13.7%. Cash sales constituted 78.6% of total sales(LY: 78.5%).



The Apparel Division, which represents 72.0% of sales(LY: 71.6%), achieved sales growth of 14.8% with comparable store sales growth of 8.8%. Retail selling price inflation of 6.4% was recorded, weighted average trading space increased by 5.2% and units sold increased by 7.8%.



The Home Division (Mr Price Home and Sheet Street) achieved sales growth of 12.2% and comparable store sales growth of 9.7%. Retail selling price inflation of 9.8% was recorded, weighted average trading space increased by 0.5% and units sold increased by 2.2%.
28-Jun-2013
(Official Notice)
Shareholders were advised that the abridged annual financial statements will be distributed to shareholders on 28 June 2013. In addition, the unabridged annual financial statements will be published on the group's website (www.mrpricegroup.com) on 28 June 2013. Both the abridged and unabridged annual financial statements contain no modifications to the audited results which were published on SENS on 22 May 2013.



Notice of the annual general meeting

Notice was given that the 80th annual general meeting of Mr Price shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue (previously NMR Avenue), Durban on Wednesday 21 August 2013 at 14h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 21 June 2013

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Thursday, 8 August 2013

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 16 August 2013

*Forms of proxy for the annual general meeting to be lodged by 14h30 on* Monday, 19 August 2013

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
12-Jun-2013
(Media Comment)
Business Day highlighted that the Investment Analysts Society (IAS) awards honour excellence and clarity in financial reporting. The overall annual winner for 2012 calendar year was the Mr Price Group which, in the opinion of the society's members, set strong standards for transparency and disclosure in its financial reporting and in the excellence of communication by its executive team. The 28th annual IAS awards winners were announced at a ceremony and cocktail party, hosted by the society at the JSE in Johannesburg, which was broadcast live on Summit Business TV.
27-May-2013
(Media Comment)
Business Day reported that Mr Price will be launching its online shopping website internationally, making their apparel accessible to the world. CEO Stuart Bird said although the website went live in SA last year, the site was the most searched retail brand on Google SA for 2012. The group's other chain stores, Mr Price Home and Mr Price Sport will also begin trading later in the year. Online presence is essential to enable the group to enter foreign markets. Analyst Michael McLeod from Avior Research reckons that the group's online offering will them expand into African markets.
22-May-2013
(C)
Revenue increased 13% to R13.7 billion (R12.1 billion). Profit from operating activities rose 19% to R2.1 billion (R1.7 billion). Net attributable profit was up 26% to R1.5 billion (R1.2 billion). In addition, headline earnings per share grew 26% to 635.5cps (503cps).



Dividend

A final gross ordinary dividend of 265cps has been declared.



Outlook

Whereas the growth in household consumption expenditure was the mainstay behind the domestic economic recovery between 2010 and 2012, growth in consumer spending is now expected to be subdued and much less supportive of economic growth. The current financial hardships are mainly being experienced by low income households and it is a misconception that these represent the Groups core customers. As per the latest AMPS survey the largest chain, Mr Price Apparel, has strong representation of shoppers across the spectrum of LSM 6 (mid) to LSM 10 (upper).



In the short term there are some serious challenges facing consumers. Under these economic conditions, shoppers tend to shop for value and therefore, as a value retailer, the group is well placed to attract more customers. Mr Price will continue its unwavering focus on its core competency of offering fashionable merchandise at everyday low prices. Business and consumer confidence are at low levels. Despite these challenges, the group is confident about the future and in its five year business strategy, capital expenditure of R2.5 billion is planned. The future brings many opportunities and challenges, yet an air of excitement and optimism exists as the Group positions itself for the next phase of its growth.
03-May-2013
(Official Notice)
In its trading statement released on 10 April 2013, the company indicated that its results for the 52 weeks ended 30 March 2013 ("current period") would be more than 20% higher than the corresponding period, being the 52 weeks ended 31 March 2012. A range was not provided at that stage as this was not known with sufficient certainty.



The company is now closer to finalising the results and expects basic earnings and headline earnings per share to increase by between 23% and 28%.



The final results are expected to be released on Wednesday, 22 May 2013.
10-Apr-2013
(Official Notice)
Basic earnings per share ("EPS") and headline earnings per share ("HEPS") of Mr Price for the 52 weeks ended 30 March 2013, the results of which are expected to be released on SENS before the end of May 2013, are likely to be higher than the previous corresponding period by more than 20%. A range cannot be accurately estimated at this stage and shareholders are advised that a further trading statement will be issued in due course to provide earnings forecast ranges for EPS and HEPS as required by the JSE Listings Requirements.
02-Apr-2013
(Official Notice)
Professor Larry Ring has retired as Alternate Director, from the Board of Mr Price, with effect from 30 March 2013.
08-Mar-2013
(Official Notice)
Shareholders were advised that Mr Price has entered into a repurchase programme to repurchase shares during its closed period ("repurchase programme"). This is in terms of an ongoing programme to buy shares on the open market to satisfy the obligations of the various share schemes the company has in operation. The closed period commences on 1 April 2013 (although the company considers itself to be in a closed period from 12 March 2013) and ends on 22 May 2013, when the company's results are scheduled to be released on SENS.



In terms of the repurchase programme, the broker has been mandated to repurchase the company's shares in respect of up to 5% of the daily traded volume of the company's shares on the JSE on any particular day and at prices equivalent to the volume weighted average traded price of the company's shares over the relevant day, subject to a maximum price equivalent to the closing share price on 7 March 2013 of R115 per share. The repurchase programme will terminate once repurchases to the value of R100 million have been effected.



Any repurchases will be effected within certain pre-set parameters of the repurchase programme and the JSE Listings Requirements of the JSE Ltd.
17-Jan-2013
(Official Notice)
14-Nov-2012
(C)
Revenue increased to 14.4% to R6.2 billion (R5.4 billion). Profit from operating activities rose by 21.2% to R825 million (R680 million). Net attributable profit was up 33.5% to R605 million (R453 million). In addition, headline earnings per share grew 35.2% to 253.2cps (187.3cps).



Dividend

An ordinary interim dividend of 133cps has been declared.



Outlook

Although both business and consumer confidence increased slightly in the third quarter of 2012, the group expects retail trading conditions to remain challenging in the short term. Growth in credit sales (which constitute approximately 20% of total sales) in the second half of the year is expected to be lower due to the high base set in the prior year, particularly in the third quarter, and a generally tighter approach to credit.



The current economic situation is uncertain, however the group has successfully dealt with volatility in the past and the many growth initiatives underway allow it to remain positive about long-term performance and prospects. History has shown that during tough economic times the group gains shoppers who are attracted by the fashion-value merchandise offer, and that these customers are retained when trading conditions improve.



The group's cash generative business model and strong balance sheet will be important in funding investments in information systems and a new distribution centre over the next few years, which are necessary to build a strong platform for future growth, both locally and internationally. Approximately 40 new stores will be opened in the second half of the 2012/13.
25-Oct-2012
(Official Notice)
In its trading statement released on 4 October 2012, the company indicated that its results for the 26 weeks ended 29 September 2012 ("current period") would be more than 20% higher than the corresponding period, being the 26 weeks ended 1 October 2011. A range was not provided at that stage as this was not known with sufficient certainty.



The company is now closer to finalising the results and expects profit before taxation to increase by between 20% and 25% over the comparable period. Basic earnings and headline earnings per share are expected to increase by between 30% and 35% due to a lower taxation charge as a consequence of no STC being levied on the 2012 final dividend, which was paid in the current period.
04-Oct-2012
(Official Notice)
Basic earnings per share ("EPS") and headline earnings per share ("HEPS") of Mr Price for the 26 weeks ended 29 September 2012 are likely to be higher than the previous corresponding period by more than 20%. A range cannot be accurately estimated at this stage and shareholders are advised that a further trading statement will be issued in due course to provide earnings forecast ranges for EPS and HEPS as required by the JSE Listings Requirements.



The forecast financial information on which this trading statement is based has not been reviewed and reported on by the company's external auditors.
30-Aug-2012
(Official Notice)
At the 79th annual general meeting of the company, ordinary resolutions 1 to 23 and special resolutions 1 to 4 were passed. The special resolutions will be lodged for registration with the Companies and Intellectual Property Commission in due course.



As per the notice of annual general meeting, with effect from 30 August 2012 Mrs Sebotsa retired from the board as an independent non-executive director and due to her pressing work commitments, did not offer herself for re-election.
30-Aug-2012
(Official Notice)
For the first four months of the financial year ending 30 March 2013 (18 weeks to 4 August 2012), Mr Price reported total sales growth of 14.9% and comparable sales growth of 9.5%. Units sold increased by 9.7% and inflation of 4.7% was recorded. The company opened 24 and closed five stores since year end. Total and weighted average trading space increased by 3.5% and 1.8% respectively. Cash sales constituted 78.5% (LY: 81.2%) of total sales. Total sales growth of 14.6% has been recorded for the period ended 28 August 2012.



The Apparel Division, which represents 71.6% of group sales and which comprises Mr Price, Mr Price Sport and Miladys, reported sales growth for the period of 15.0% and comparable sales growth of 9.3%. Units sold increased by 9.7% and inflation of 4.9% was recorded. Total and weighted average trading space increased by 4.6% and 2.7% respectively.



The Home Division, comprising Mr Price Home and Sheet Street recorded sales growth of 14.4% and an increase in comparable sales of 10.1%. Units sold increased by 10.0% and inflation of 4.1% was recorded. Total and weighted average trading space increased by 1.7% and 0.3% respectively.
27-Aug-2012
(Media Comment)
According to Business Report, According to Business Report, Mr Price group has affiliated itself with Absa Bank to manage the fashion retailer's online store payment facility that came into effect at the end of July. Mr Price's online store extends approximately 18 000 items, providing customers access to all the store's fashion range. The group's chief financial officer Mark Blair said the store's online offering has received positive feedback showing that there was high demand for multi-channel online shopping in the country. Mr Price has designed a separate website and mobile application for the online store, to allow shoppers to buy with computes and cellphones.
20-Aug-2012
(Official Notice)
In compliance with the provisions of the Companies Act (71 of 2008, as amended), Mr Price intends to offer shareholders reasonable access through electronic facilities to participate in the 79th annual general meeting ("the meeting") to be held at 14h30 on Thursday 30 August 2012. Shareholders, through means of conference call and webcast facilities, will be able to listen to the proceedings and raise questions should they wish to do so and are invited to indicate their intention to make use of these facilities by registering online at www.mrpricegroup.com.



Information enabling participation in the call and webcast facilities will be sent via email to those shareholders who have registered. Voting will not be possible via the electronic facilities and shareholders wishing to vote their shares will need to be represented at the meeting either in person, by proxy or by letter of representation, as provided for in the notice of meeting.
29-Jun-2012
(Official Notice)
Shareholders were advised that the annual financial statements will be distributed to shareholders on 29 June 2012 and contain no modifications to the audited results which were published on SENS on 23 May 2012.



Notice of the annual general meeting

Notice was given that the 79th annual general meeting of Mr Price Group shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue (previously NMR Avenue), Durban on Thursday 30 August 2012 at 14h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting Friday, 22 June 2012

*Last day to trade in order to be eligible to attend and vote at the annual general meeting Friday, 17 August 2012

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Friday, 24 August 2012

*Forms of proxy for the annual general meeting to be lodged by 14h30 on (i) Wednesday, 29 August 2012.
23-May-2012
(C)
Revenue increased by 10% to R12.1 billion (R11 billion). Profit from operating activities was up 22% to R1.7 billion (R1.4 billion). Net profit jumped by 20% to R1.2 billion (R1 billion). In addition, headline earnings on a per basis grew by 20% to 503cps (418.9cps).



Dividend

A final gross ordinary dividend of 220.4cps has been declared.



Outlook

The group has many reasons to look to the future with confidence. In the forthcoming year, space growth of 5% is being targeted, resulting from a mix of approximately 70 new stores being opened, the expansion of highly performing stores and the reduction in size of poorly performing stores. The 'red cap' divisions launched exciting new generation stores which are trading well and will be further rolled out. An online capability to be launched later this year will provide further opportunity to grow market share. The first Mr Price Apparel test store opened in Nigeria on 29 March and early indications are positive, while the first corporate-owned store in Ghana is expected to open in June.



The group will retain its focus on the local retail market by continuing to offer fashionable merchandise at everyday low prices, while testing exciting opportunities in new markets. These activities will require supply chain and information technology capabilities to match the more complex needs of a business which is growing in size and geography. Although the level of investment in these areas will increase over the next few years, every effort is being made to ensure that maximum efficiencies are realised and that costs in other areas are curtailed in order to offset the financial impacts. The intent is to build world class capabilities to support the group's long-term growth plans.
16-May-2012
(Official Notice)
Mr Price announced the appointment of an additional director to the board. Ms Daisy Naidoo has been appointed, with immediate effect, as an independent non-executive director. In addition, Ms Naidoo has been nominated, as a member of the audit and compliance committee, which is subject to shareholder approval, at the upcoming annual general meeting in August 2012.
02-May-2012
(Official Notice)
The company is currently in the process of finalising its results for the 52 weeks ended 31 March 2012 and expects basic and headline earnings per share to increase by between 18% and 23% over the prior year, being the 53 weeks ended 2 April 2011. The comparable trading performance for the 52 weeks will be announced with the results on 23 May 2012.
16-Nov-2011
(Media Comment)
According to Business Day fashion retail chain Mr Price Group will open its first store in Nigeria in March and will continue the rollout of its new generation stores in SA. The owner of Miladys, Sheet Street and Mr Price Home said it would continue to pursue space expansion opportunities. In May, CEO Stuart Bird said the group would focus on the internationalisation of its business.
15-Nov-2011
(Official Notice)
Mr Price Group announced today that Executive Chairman Alastair McArthur would be retiring at the end of the year and that Nigel Payne would become Independent Non-Executive Chairman. Both changes will be effective on 1 January 2012.

15-Nov-2011
(C)
Revenue increased from R4.9 billion to R5.4 billion in September 2011. Profit before taxation increased to R695.8 million (September 2010:R562.1 million). Profit attributable to ordinary shareholders increased to R453.1 million (September 2010: R370 million). Headline earnings per share increased to 187.3cps (September 2010: 153.3cps).



Dividend

Notice is hereby given that an interim cash dividend of 93.6cps, which reflects an increase of 22.0% over the comparable period and is based on a maintained dividend cover of 2.0 times, has been awarded to the holders of ordinary and unlisted B ordinary shares.



Prospects

Although volatile currency exchange rates and international stock markets have resulted in local consumers being concerned about the future performance of the economy, many expect that their own finances will be shielded from these developments. Their sentiment has been positively influenced by views that interest rates are unlikely to increase in the short term. The group expects retail trading conditions to remain tough, but is encouraged by positive October sales growth, which augurs well for the festive season. Sales growth will be supported by the group actively pursuing space expansion opportunities, the introduction of new generation stores in November in the three Mr Price chains which are designed to further improve customers` shopping experiences, and by opening a first test store in Nigeria in March 2012. Shareholders and investors are reminded of the high base set in the second half last year, which included 27 trading weeks and a strong recovery of previously underperforming chains.
20-Oct-2011
(Official Notice)
The company is currently in the process of finalising its results for the 26 weeks ended 1 October 2011. The company expects basic, headline and core headline earnings per share to increase by between 18% and 23% over the comparable period, being the 26 weeks ended 25 September 2010.
26-Aug-2011
(Official Notice)
Shareholders were advised that Mrs Helen Ellis Grosvenor has been appointed company secretary with effect from 1 September 2011. Helen replaces Mr Christopher Stuart Yuill who is due to retire from the company at the end of December 2011 but who will continue to assist with certain functions for a period of time.
26-Aug-2011
(Official Notice)
At the 78th annual general meeting of the company held on 25 August 2011, the following resolutions were passed:

* ordinary resolutions 1 to 7 (incorporating 2.1 to 2.5 and 4.1 to 4.4), and

* ordinary resolution 10; and

* special resolutions numbers 1 to 3 (incorporating 1.1 to 1.10).

Ordinary resolutions 8 and 9 were withdrawn prior to the annual general meeting.
26-Aug-2011
(Official Notice)
For the first four months of the financial year ending 31 March 2012 (18 weeks to 6 August 2011), Mr Price reported total sales growth of 9.2% and comparable sales growth of 6.7%. Inflation of 5.6% was recorded and, as a result of the company opening 29 and closing 37 stores, weighted average trading space decreased by 0.7%. In the future, new and expanded space is expected to well exceed planned space reductions. Cash sales constituted 81.6% of total sales. Monthly sales growths were: April 2011 15.8%, May 10.5%, June 2.8% and July 6.6%. This irregular pattern is due to the high sales base arising from the extended school holidays associated with the FIFA 2010 World Cup in June and July 2010. Sales growth of 12.0% has been recorded for the period 7 to 24 August 2011. The Apparel Division, which represents 71.5% of group sales and which comprises Mr Price, Mr Price Sport and Miladys, reported sales growth for the period of 9.1% and comparable sales growth of 5.3%. Inflation of 5.2% was recorded and trading space increased by 1.5%. The Home Division, comprising Mr Price Home and Sheet Street recorded sales growth of 9.2% and an increase in comparable sales of 10.1%. Inflation of 6.6% was recorded and trading space decreased by 4.2%.
11-Aug-2011
(Official Notice)
In compliance with the provisions of the Companies Act, (71 of 2008, as amended) Mr Price intends to offer shareholders reasonable access through electronic facilities to participate in the 78th annual general meeting ("the meeting") to be held at 14h30 on Thursday 25 August 2011. Shareholders, through means of conference call and webcast facilities, will be able to listen to the proceedings and raise questions should they wish to do so and are invited to indicate their intention to make use of these facilities by registering online at www.mrpricegroup.co.za.



Information enabling participation in the call and webcast facilities will be sent via email to those shareholders who have registered. Voting will not be possible via the electronic facilities and shareholders wishing to vote their shares will need to be represented at the meeting either in person, by proxy or by letter of representation, as provided for in the notice of meeting.
29-Jun-2011
(Official Notice)
With regard to the audited results for the 53 weeks ended 2 April 2011, shareholders were advised that the annual financial statements will be distributed to shareholders on 30 June 2011 and contain no modifications to the audited results which were published on SENS on 26 May 2011.



Notice of the annual general meeting

Notice was given that the 78th annual general meeting ("the meeting") of Mr Price shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue, Durban on 25 August 2011 at 14h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Record date

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 19 August 2011, being the voting record date set by the board of the company determining which shareholders are entitled to attend and vote at the meeting. The last day to trade in order to be entitled to vote at the meeting will therefore be Friday 12 August 2011.
26-May-2011
(C)
Revenue increased by 13% to R11 billion (R9.7 billion). Profit from operating activities was up 45% to R1.4 billion (R991.5 million). Net profit attributable to shareholders rose by 50% to R1 billion (R673.6 million). In addition, headline earnings on a per share basis grew by 51% to 418.9cps (276.9cps).



Dividend

A final ordinary dividend of 175.3cps has been declared.



Outlook

Potential inflationary increases, particularly in food and fuel prices, will concern both consumers and retailers. However, recently reported statistics highlight the trend of increasing real disposable incomes of households and the migration of consumers from lower to higher living standard measures (LSM's). These studies suggest that in recent times, this has been driven by rising real incomes rather than debt. Consumers have benefited by wage inflation outstripping CPI over the last year and this will aid retailers. A well executed strategy will result in the group continuing to increase its number of shoppers, attracted by fashionable merchandise at everyday low prices.



The business is looking forward with confidence and investments in the key areas of information technology and supply chain are being undertaken that will position the business for its next growth phase, both locally and beyond our borders. While the group expects a further increase in earnings in the year ahead, the growth will not be at the same rate as in the past year, which had 53 trading weeks and included a strong recovery of the underperforming chains.
03-May-2011
(Official Notice)
The company is currently in the process of finalising its results for the 53 week trading period ended 2 April 2011 and is therefore able to forecast the range of earnings estimates with reasonable certainty. The company expects earnings per share ("EPS") to increase as follows:

Growth % - 53 weeks to 52 weeks:

* Basic EPS: 48% - 53% - 42% - 47%

* Headline EPS: 48% - 53% - 42% - 47%

Retail sales for the period increased by 13%. Improved resourcing and lower mark-downs have resulted in a higher gross margin percentage, while tight expense control has further positively impacted results. The performance in the second half of the year was very pleasing and most divisions achieved significant increases in operating profit. The debtors' book continued to be well controlled and the net write off to book percentage has decreased over the comparable period. Detailed results will be announced on SENS on 26 May 2011.
07-Mar-2011
(Official Notice)
The company advised that it expects basic, headline and core headline earnings per share for the year ending 31 March 2011 to increase by more than 20% over the comparable period. However, given the early stage in the reporting period, the company cannot yet forecast with any degree of certainty the results to 31 March 2011 and a further announcement will be made once this is possible.
13 Jan 2011 08:06:48
(Official Notice)
During the third quarter (October, November and December) of the financial year ending 31 March 2011, Mr Price Group recorded sales growth of 10.4% over the comparable period of the prior year ("comparable period"). The Group achieved sales growths of 7.5%, 10.7% and 12.0% in October, November and December respectively. The Group's largest chain, Mr Price Apparel, achieved sales growth of 12.8% in December 2010 on a high base set in December 2009, when sales increased by 16.4%. Sales by the chain exceeded R1 billion for the first time in a trading month. Group comparable sales grew by 7.9% for the quarter and by 9.5% in December. Sales to franchised stores are excluded from these comparisons.



Merchandise inflation for the period was 2.9% and cash sales constituted 82.3% of total sales. All chains` gross profit percentages exceeded those achieved in the comparable period and were better than anticipated. The Apparel Division (Mr Price, Mr Price Sport and Miladys), which represented 73.2% of sales, achieved sales growth for the quarter of 10.3% (December 11.6%) with comparable sales growth of 6.0% (December 7.3%). Weighted average space increased by 2.2% and inflation of 3.1% was recorded for the quarter. The Home Division (Mr Price Home and Sheet Street) achieved sales growth for the quarter of 10.9% (December 13.1%) and comparable sales growth of 12.7% (December 15.5%). Weighted average space decreased by 4.4% and inflation of 2.5% was recorded for the quarter.



Strong collections from debtors has resulted in bad debt levels showing further improvement over that reported in the interim results to 30 September 2010. The financial figures above have not been reviewed and reported on by the company's external auditors.

22 Nov 2010 09:35:51
(Media Comment)
Business Report mentioned that, Mr Price Group is considering possible acquisitions - a plan analysts say could be aimed at raising its exposure to more well-heeled consumers. After reporting last week what some analysts called excellent results , Alistair McArthur, the group's chairman, said:? There are opportunities for acquisitions." A few possibilities were being considered and if they materialised it would probably be in the first half of the year. He would not elaborate further except to say that acquisition possibilities included businesses the group had identified, as well as approached.
19 Nov 2010 08:55:53
(Media Comment)
Business Day reported that Mr Price is eyeing Nigeria, a market it says could host up to 100 stores, if it could only end its ban on the import of clothing. The Durban-based retailer which already owns 42 stores outside SA, and has franchise agreements with another 24, is most likely to expand the operations it has in Kenya, Ghana, Zambia and Tanzania, but Nigeria remains the prize.
15 Nov 2010 14:33:51
(C)
Revenue increased from R4.4 billion to R4.9 billion in 2010. Profit before taxation increased to R562.1 million (September 2009:R375.3 million). Profit attributable to ordinary shareholders increased to R370 million (September 2009: R247.1 million). Headline earnings per share increased to 153.3cps (September 2009: 101.5cps).



Dividend

Notice is hereby given that an interim cash dividend of 76.7 cents per share has been declared to the holders of ordinary and unlisted B ordinary shares.



Prospects

Consumers will benefit from interest rates which are at a 30 year low, a strong Rand, low inflation rate and in certain sectors, salary and wage increases in excess of CPI. These benefits will be partly offset by increases in the price of electricity and the increasing level of unemployment. Initiatives undertaken last year to enhance the profitability of the chains which were under performing impacted favourably on the second half of the year ended 31 March 2010. As a result of the higher base, the group does not expect the same level of earnings growth in the second half of the current financial year. It is anticipated that the trading climate will remain challenging in the short term. The group?s focus will be to continue to diligently execute its strategy of offering customers fashionable merchandise at everyday low prices.
28 Oct 2010 08:26:02
(Official Notice)
The company expects basic and headline earnings per share to increase by between 45% and 55% and core headline earnings per share by between 55% and 65% over the comparable period. These results have been generated by the continued strong profit growth of the Mr Price apparel chain, which constitutes 55% of group sales, and improved operating performances by all other divisions. Initiatives taken last year to enhance the profitability of the underperforming chains impacted favourably on the second half of the financial year ended 31 March 2010. As a result of the higher base, the company does not expect the same level of earnings growth in the second half of the current financial year. Detailed interim results will be announced on 18 November 2010.
27 Aug 2010 09:31:56
(Official Notice)
At the annual general meeting of the company, ordinary resolutions 1 to 4, 6 and 8 to 14 were passed. Ordinary resolutions 5 and 7 were withdrawn prior to the meeting. Special resolution number 1 was passed and will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
26 Aug 2010 14:09:35
(Official Notice)
29 Jun 2010 16:02:29
(Official Notice)
With regard to the audited results for the year ended 31 March 2010, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 June 2010 and contain no modifications to the audited results which were published on SENS on 26 May 2010.



Notice of the annual general meeting

Notice is hereby given that the 77th annual general meeting of Mr Price Group Ltd shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue, Durban on 26 August 2010 at 14h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
26 May 2010 08:47:59
(C)
Revenue increased by 10% to R9.7 billion (R8.9 billion). Profit from operating activities was up by 20% to R991.5 million (R827.2 million). Net profit attributable to ordinary shareholders rose by 9% to R673.6 million (R615.7million). In addition, headline earnings per share grew by 10% to 276.9cps (251.9cps).



Dividend

A final ordinary dividend of 126.8cps has been declared.



Prospects

Both the economy and consumers' personal finances remain under pressure. Although interest rates are at a 30 year low and inflation has decreased to within target range, cost pressures exist in relation to electricity, rates and fuel. The recent increase in consumer confidence reported by the Bureau for Economic Research is not yet reflected in retail sales data and the expected slow pace of the recovery will mean another tough trading year lies ahead. The group is cautiously optimistic given the success achieved in the second half of the year through initiatives undertaken to improve performance as well as the recovery prospects of the divisions hardest hit by the recession. The group will continue looking for trading space opportunities and, in order to maintain its historical track record of sales growth, will consider new business concepts and opportunities, including acquisitions should the business fit be right. Experience has confirmed that a well executed fashion-value strategy of selling fashionable products at everyday low prices, is successful in both good and bad economic times.
26 May 2010 08:45:35
(Official Notice)
31 Mar 2010 14:04:08
(Official Notice)
The company has been exploring the potential of unbundling the export partnership structures in which it has been involved and has now successfully concluded its negotiations with all relevant parties. The unbundling provides certainty with regard to collection risks and eliminates exposure to future changes in the rates of tax, interest and exchange rates. The unbundling of the export partnerships has the effect of removing the 'carrying value of contributions to export partnerships' and the associated deferred tax liability from the company's balance sheet, and has resulted in an impairment of R59 million which will be reflected in the company's income statement for the year ended 31 March 2010. The company will no longer reflect amounts historically included in the income statement as 'net adjustment to carrying value of contributions to export partnerships'. This impairment will not affect growth in core headline earnings per share, which is expected to be between 15% and 20%. After accounting for the once off impairment, growth in headline earnings per share is expected to be between 5% and 10%. As this impairment is once-off in nature and does not affect cash reserves at 31 March 2010, dividends will not be affected.
14 Jan 2010 08:06:01
(Official Notice)
Mr Price Group recorded sales growth of 8.4% during the third quarter. The Group achieved sales growth of 6.2% and 6.4% in October and November respectively. The growth achieved in December was 10.8%. Comparable sales, which include sales of expanded and relocated stores in like-for-like locations, grew by 5.7% for the quarter and by 8.5% in December. Sales to franchised stores are excluded from these comparisons. Group sales for the quarter were in line with expectations which took into account the recession and the very high base in the same quarter in the previous year when comparable sales were over 15%. Inflation for the period was 5.1% and cash sales constituted 84.6% of total sales. Gross margins were also in line with expectations.



The Apparel Division which represented 73.4% of sales, achieved sales growth for the quarter of 10.4% with comparable sales growth of 6.6%. Weighted average space increased by 7.0% and inflation of 3.6% was recorded for the quarter.



The Home Division, which represented 26.6% of sales, continued to be affected by the reduced consumer spend on durable and semi-durable products which includes homewares. Sales growth of 3.2% and comparable sales growth of 3.4% was recorded. Weighted average space increased by 2.0% and inflation of 8.4% was recorded for the quarter.



The debtors' book remained well controlled from both a credit granting and a collections perspective, resulting in bad debt levels improving slightly on that reported for the half year ended 30 September 2009. The financial figures above have not been reviewed and reported on by the company's auditors.
11 Nov 2009 10:59:17
(C)
Revenue increased from R4.0 billion to R4.4 billion in 2009.Profit before taxation increased to R375.3 million (2008:R330.1 million). Profit attributable to ordinary shareholders increased to R247.1 million (R216.3 million). Headline earnings on a per share basis increased to 101.50cps (88.20cps).



Dividends per share

An interim dividend of 46.20 cps was declared for the period under review.



Prospects

The reduction in interest rates of 500 basis points since December 2008, as well as a decreasing inflation rate, will continue to ease the plight of the South African consumer. There will be a delayed impact for this to materially increase consumer spending and the tough trading climate is expected to continue well into 2010. However, the group is well positioned to capture further market share with its fashionable products at everyday low prices.
27 Aug 2009 16:33:25
(Official Notice)
This Mr Price trading update is for the first four months of the financial year ending 31 March 2010 (18 weeks to 1 August 2009). Total sales grew by 11.9% over this period and comparable sales grew by 9.2%. Inflation of 9.7% was recorded. Cash sales constituted 82% of total sales. The Apparel Division, which represents 71.3% of group sales and which comprises Mr Price, Mr Price Sport and Miladys, reported sales growth for the period of 15.1% and comparable sales growth of 11.8%. Inflation of 7.9% was recorded. The Home Division, comprising Mr Price Home and Sheet Street recorded sales growth of 4.7% and an increase in comparable sales of 3.2%. Inflation of 12.8% was recorded.



Report on proceedings at annual general meeting

At the annual general meeting of the shareholders of Mr Price held on 27 August 2009, ordinary resolutions numbers 1-14 and special resolution number 1 were passed. Special resolution number 1 will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
29 Jun 2009 12:16:05
(Official Notice)
No change statement

With regard to the audited results for the year ended 31 March 2009, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 June 2009 and contain no modifications to the audited results which were published on SENS on 27 May 2009.



Notice of the annual general meeting

Notice is hereby given that the 76th annual general meeting of Mr Price Group Ltd shareholders will be held at Upper Level, North Concourse, 65 Masabalala Yengwa Avenue, Durban on 27 August 2009 at 14h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
27 May 2009 08:23:24
(C)
Revenue increased by 19% to R8.9 billion (R7.4 billion). Profit from operating activities was up by 16% to R827.2 million (R716.2 million). Net profit attributable to ordinary shareholders rose by 12% to R615.7 million (R550.9 million). In addition, headline earnings on a per share basis grew by 15% to 251.9cps (219cps).



Dividend

A final ordinary dividend of 92.8cps has been declared.



Prospects

Although Mr Price expects a more challenging trading environment in 2009, the South African consumer should benefit from further reductions in interest and inflation rates, which will initially aid in debt reduction. Mr Price is well positioned to capture further market share with fashionable merchandise at everyday low prices.
11 Feb 2009 07:58:43
(Official Notice)
The Mr Price group announced that as part of the succession plan for the future, Stuart Bird has been appointed Deputy CEO.
14 Jan 2009 08:06:25
(Official Notice)
Mr Price group recorded sales growth of 20.3%. Comparable sales which includes sales of expanded and relocated stores in like-for-like locations, grew by 15.3%. Cash sales constituted 84.3% of total sales. A net 21 stores were opened during the quarter bringing the total number of stores to 948. The sales of the franchise stores in Africa and the Middle East are excluded from these comparisons.The apparel division (Mr Price, Mr Price Sport and Miladys), which represented 72% of sales, achieved sales growth for the quarter of 25.7% with comparable sales growth of 21.8%. Weighted average increased by 6.3% and inflation of 5.3% was recorded for the quarter. The home division (Mr Price Home and Sheet Street), which represented 28% of sales, continued to be affected by the reduced consumer spend on durable and semi-durable products which includes homewares. Sales growth of 8.2%, with comparable sales growth of 1.7%, was recorded. Weighted average increased by 12.1% and inflation of 7.1% was recorded for the quarter.The financial figures above have not been reviewed and reported on by the company's auditors.
12 Nov 2008 11:18:54
(C)
Retail sales for the six months ended September 2008 grew by 18.6% to R3.9 billion. Comparable sales, which include sales of expanded and relocated stores in like-for-like locations, were up 8.9%. Profit from operating activities increased by 14.9% and the operating margin decreased from 8.0% to 7.7% of retail sales. Headline earnings per share, which grew by 8.1% to 88.2c (81.6c).



Dividends

An interim cash dividend of 40.2cps has been awarded to the holders of ordinary and unlisted B ordinary shares.



Prospects

It is uncertain as to when the economic threats will abate and consumer confidence will be revived. In the meantime, the Mr Price Group will continue to enhance its value proposition to customers. The second half will continue to be a challenging trading period. However as a value retailer, the group is well placed to gain further market share with its fashionable products at everyday low prices. Growth in earnings for the year should be achieved, provided there is no further deterioration in spending patterns.
01 Sep 2008 09:30:38
(Official Notice)
Mr Price announced changes to the board of directors which were effective from 29 August 2008. Three new independent non-executive directors and one executive director have been appointed to the Mr Price board. The non-executive directors are Maud Motanyane, Sonja Sebotsa and Moses Tembe whilst Stuart Bird has been appointed as executive director. The group also announced that Alastair McArthur, would be appointed deputy chairman of the value retailing group while retaining his role as CEO.
01 Sep 2008 09:28:41
(Official Notice)
This Mr Price trading update is for the first four months of the financial year ending 31 March 2009 (18 weeks to 2 August 2008). Total sales grew by 16.9% over this period and comparable sales grew by 8.7%. Inflation of 5.3% was recorded. Cash sales constituted 83% of total sales.
29 Aug 2008 15:54:25
(Official Notice)
Mr Roger Jardine has resigned from the board of directors of Mr Price, effective 29 August 2008, due to the increased responsibilities related to his recent appointment as CEO of Aveng Ltd.



At the 75th annual general meeting of the shareholders of Mr Price held today, 29 August 2008, Ordinary resolutions numbers 1-4 and 6-11 and special resolution number 1 were passed. Ordinary resolution number 5 was withdrawn due to Mr Jardine`s resignation as a director. Special resolution number 1 will be lodged for registration with the Companies and Intellectual Properties Registration Office in due course.
02 Jul 2008 08:28:41
(Media Comment)
Mr Price plans to speed up its expansion plans in Africa, according to Business Report. The group would do this via its low-risk franchise model. Mr Price also intends to open a store in the Middle East.
30 Jun 2008 12:11:25
(Official Notice)
Shareholders are advised that the annual financial statements of 31 March 2008 have been distributed to shareholders on 30 June 2008. Notice is hereby given that the 75th annual general meeting of Mr Price shareholders will be held at 14h30 on 29 August 2008 at Upper Level, North Concourse, 65 Masabalala Yengwa Ave (previously NMR Avenue), Durban to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
28 May 2008 08:23:16
(C)
The buoyant economic environment that has been enjoyed by retailers in recent years has ended. In the second half of the year, increases in interest rates, food and fuel prices as well as property rates, all led to decreased spending, particularly on durable and semi-durable products. Despite this, group profit from operating activities increased by 16.9% to R716.2 million (2007: R612.6m). The group?s operating margin decreased from 10.1% to 9.9% as a result of the impact of the abovementioned changes in the economic environment on the homewares divisions. The group achieved a return on equity of 39.6% and diluted headline earnings per share increased by 14.8% to 210.8 cents per share (2007: 183.6cps).



Dividends

The final dividend has been set at 79.5 cents per share which brings the total distribution for the year to 116.0 cents per share, maintaining our cover at 1.9 times.



Prospects

The group is trading in difficult times, which are likely to get even tougher. Under these economic circumstances, shoppers tend to shop for value and therefore, as a value retailer, the group is well placed to attract more customers with fashionable products at everyday low prices. The cash sales ratio has remained at 84% and therefore the group is not dependent upon credit sales to grow its revenues. In addition, the Apparel division contributes 67% of sales and 85% of profits and its excellent performance has continued into the new year. Although exposed to the impact of reduced semi-durable purchases, the Home division, which represents one third of group sales, is responding to the changes in consumer spending by further enhancing its value positioning. The group is well placed to increase market share over the medium term and is optimistic about achieving growth in earnings in the forthcoming year.
31 Jul 2006 08:29:44
(Official Notice)
Mr Price, on 31 July 06, announced the launch of a new test retail sports concept which will trade as Mr Price Sport. The first store opened in Gauteng on Friday 28 July and a second store will open in Cape Town next week. The concept is aimed at making quality sporting goods and clothing affordable to all South African sportsmen, sportswomen and children. The company has been preparing for two years to launch the concept. Extensive research showed that there was a gap in the market for high quality sporting apparel and equipment at low prices.
27 Jul 2006 14:28:58
(Official Notice)
At the 73rd annual general meeting of the shareholders of the Mr Price group held on 27 July 2006, all the ordinary resolutions and the special resolution proposed at the meeting were duly approved. The special resolution will be lodged for registration with the Registrar of Companies in due course.



The Mr Price group trading update for the first three months of the financial year ending 31 March 2007 reflects that the positive trading trend continued into the current financial year. The group reported sales growth of 23% for continuing operations over this period with comparable sales growing by 13%. The apparel division, comprising Mr Price and Miladys, reported sales growth for the quarter of 16% with comparable sales growing by 11%. The home division, comprising Mr Price Home and Sheet Street reported sales growth of 39% with comparable sales growing by 17%.
30 Jun 2006 13:57:11
(Official Notice)
With regard to the audited results for the year ended 31 March 2006, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 June 2006 and contain no modifications to the audited results. Notice of the annual general meeting of shareholders will be held on 27 July 2006.
15 Jun 2006 10:38:02
(Official Notice)
Shareholders are referred to the announcement dated 31 May 2006 regarding a proposed cash distribution to Mr Price shareholders of 56.7c per ordinary and unlisted B ordinary share, in lieu of a final dividend, by way of a reduction of the share premium account. At the general meeting of Mr Price shareholders held on 15 June 2006, the requisite majority of shareholders approved the ordinary resolutions proposed at the meeting. The salient dates for the distribution remain as follows:

*Last day to trade "cum" the distribution -- Friday 23 June 2006

*Shares trade "ex" distribution -- Monday 26 June 2006

*Record date -- Friday 30 June 2006

*Payment to shareholders on Monday 3 July 2006
31 May 2006 11:30:05
(Official Notice)
Shareholders are referred to the Mr Price results announcement advising that the directors of Mr Price had proposed a cash distribution of 56.7c per ordinary and unlisted B ordinary share ("share"), in lieu of a final dividend, by way of a reduction of the share premium account. The distribution is subject to shareholder approval which approval will be sought at a general meeting of shareholders to be held on Thursday 15 June 2006. The salient dates of the distribution are as follows:

*General meeting of shareholders to be held at 10h00 on Thursday 15 June 2006

*Results of general meeting published on SENS on Thursday 15 June 2006

*Last day to trade `cum" the distribution Friday 23 June 2006

*Record date on Friday 30 June 2006

*Payment to shareholders on Monday 3 July 2006





25 May 2006 09:53:37
(Official Notice)
Mr Price announced the appointment of Mr Steve Ellis and Mr Shane van Niekerk (previously retail directors of the company) as joint managing directors, with effect from 24 May 2006.
25 May 2006 09:17:47
(C)
Mr Price released excellent results for the year to March 06, achieving sales in excess of R5 billion. Operating profit from continuing operations rose 53% to R534 million (R349 million -- note March 05 results were restated in line with IFRS) whilst net profit from continuing operations was 69% higher at R386.8 million (R228.3 million). Operating margins increased in all retail chains with the group growing its operating margin for the 52 weeks to 10.2%, a target which had originally been set for the 2007 financial year. The group's operating profits from apparel chains grew by 41% while that of the home chains had increased by 72%. CEO Alastair McArthur commented that "there had been strong growth in consumer spending in South Africa over the past few years and that the Mr Price Group, having launched its expansion strategy four years ago, had been well positioned to meet this growing demand." Core headline earnings per share were 46% up at 152.2 cps with headline earnings 4% better at 161.7 cps. During the past year, the group had sold its non-core operations (The Hub and Galaxy) and had made accounting restatements in relation to participation in export partnerships in terms of IFRS, which made comparisons with the previous year difficult. However, the core headline earnings per share, which excluded the impact of these two factors, had increased by 46% from 104.4 cps in the previous financial year to 152.2 cps for the year under review. Mr Price's balance sheet remained strong with cash resources of R625 million, which together with future cash flows would allow the group to continue its expansion programme (R1-billion to be invested in new stores, concepts, expansions and revamps over the next five years which would result in the creation of an additional 4000 jobs).



Prospects

Prospects for the coming year were positive and another year of earnings growth was anticipated. The group remained committed to its 2010 targets of revenue of R10 billion at an operating margin in excess of 10%.
10 May 2006 09:53:28
(Official Notice)
The company advises that as a result of converting to International Financial Reporting Standards and the finalisation of the accounting treatment regarding its participation in export partnerships, the basic earnings per share for the previous financial year have been adjusted from 119.8c to 108.2c and headline earnings from 120.4c to 108.8c. The earnings per share base from core operations, which excludes non-trade adjustments relating to the export partnerships and the impact of the discontinued operations (The Hub and Galaxy) is 104.4c. The company advises that its basic, headline and core earnings per share for the 53 weeks ended 31 March 2006, are expected to be between 40% and 50% higher than the adjusted figures for the year ended 31 March 2005. Mr Price is currently finalising its results for the year ended 31 March 2006, which should be released on 24 May 2006.
17 Jan 2006 12:17:46
(Official Notice)
The Mr Price Group today reported that sales for the third quarter ending 24 December 2005 grew by 20.7% on the comparable period of the previous year.



The Apparel Chains (Mr Price, Miladys) grew sales by 15.7% for the quarter while the Home Chains (Mr Price Home, Sheet Street) grew sales by 33.6%. The third quarter reflected selling price inflation of 9.1%. Inflation of 5.3% in the Apparel Chains and 19.4% in the Home chains was recorded, mainly as a result of changes in merchandise mix.



Comparable store sales growth for the group for the third quarter was 13.7% with comparable sales of 12.9% in the Apparel Chains and 15.6% in the Home chains. The group increased sales by 18.6% in the month of December with comparable store sales increasing by 12.8% in that month.



The positive trading environment has benefited all operating chains and this is expected to continue into the final quarter. Sales for the first three weeks of January have been good and after excluding the impact of the 53rd week, the group is on track to deliver improved profitability on last year's restated headline earnings of 103.7c.
19 Dec 2005 15:34:23
(Official Notice)
Mark McNeil Blair has been appointed as an executive director to the board of Mr Price with effect from 1 March 2006.
21 Nov 2005 13:00:50
(Official Notice)
Nigel Woodroffe has resigned as an alternate non-executive director from the board of Mr Price, with immediate effect 21 November 05.
17 Nov 2005 09:08:37
(C)
The retail sector has continued to benefit from the buoyant economic conditions and sustained strength in consumer spending. The Mr Price group performed well in these conditions, recording good growth in revenue and operating profits. As reported previously, the group has, during the period under review, disposed of its Hub and Galaxy chains. Focus now centres on the continuing operations represented by Mr Price, Mr Price Home, Sheet Street and Miladys, all of which recorded strong improvements in profitability during the period. The combined revenue from these operations grew by 24% to R2.18 billion (R1.77 billion). Operating margin improved from 6.2% to 7.7% and profit from operating activities was 54% higher at R167.3 million (R108.9 million). Headline earnings per share attributable to the continuing operations grew by 55% to 45.2c (29.2c). After taking into account the results of the discontinued operations, group headline earnings were 54% higher at 48.5c (31.5c).



Dividend

In accordance with the group's policy to align cover of the interim and final distribution, the cover has been reduced from 2.4 times to 2.0 times and this has given rise to an increase of 84% in the interim distribution to 24.3 cps (13.2cps).



Prospects

The positive trading performance recorded in the first half has continued into the second half of the financial year. Although operating off a higher base in the second half, the group is well positioned to report a further growth in earnings at the end of the financial year.
20 Oct 2005 12:23:48
(Official Notice)
Mr Price is currently finalising its results for the 26 weeks ended 24 September 2005 which should be released on 17 November 2005. These results are being prepared in compliance with International Financial Reporting Standards and Circular 7/2005 issued by the South African Institute of Chartered Accountants on the accounting for operating leases (hereinafter jointly referred to as IFRS). In this regard, shareholders are advised that fully diluted earnings per share and headline earnings per share are likely to be 50% to 60% higher than the corresponding reporting period of the previous half year. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the company's auditors.
29 Aug 2005 12:52:58
(Official Notice)
Mr Price has concluded negotiations in terms of which The Hub division will, subject to the satisfactory conclusion of due diligence and the fulfilment of various conditions precedent, be sold to a consortium comprised of management of that division and a private investor. The effective date of the transaction is 27 March 2005. The directors of Mr Price consider that the business of The Hub does not represent a core retail activity of the Mr Price group and believe that the sale of the division will not have a material impact on the earnings of the group.

28 Jul 2005 16:38:06
(Official Notice)
At the annual general meeting of the shareholders the requisite majority of shareholders approved all the ordinary and special resolutions proposed at the meeting. The special resolution will be lodged for registration with the Registrar of Companies in due course.



At the meeting Mr Price presented its trading update for the first four months of the financial year ended 31 March 2006. The positive trading trend has continued into the current financial year. The group reported sales growth of 21% for continuing operations over this four month period with comparable sales growth of 16% at an improved operating margin. The cash division, comprising Mr Price, Mr Price Home and Sheet Street, continued its strong performance from the prior financial period with sales for the four month period growing by 23% and comparable sales by 17%. The credit division comprising Miladys and The Hub, reported sales growth of 14% for the four month period with comparable sales growing by 10%.



19 Jul 2005 08:28:08
(Official Notice)
Mr Price has concluded negotiations in terms of which the Galaxy jewellery division (`Galaxy`) will, subject to the satisfactory conclusion of due diligence and the fulfilment of various conditions precedent, be sold to a consortium comprised of management of that division. The effective date of the transaction is 27 March 2005. The directors of Mr Price consider that the business of Galaxy does not represent a core retail activity of the Mr Price group and believe that the sale of the division will not have a material impact on the earnings of the group.
28 Jun 2005 13:46:39
(Official Notice)
Shareholders are advised that the annual financial statements will be distributed to shareholders today, 28 June 2005 and contain no modifications to the audited results which were published on SENS on 25 May 2005.



Notice of the annual general meeting

Notice is hereby given that the 72nd annual general meeting of shareholders will be held in the boardroom of Mr Price Group, Upper Level, North Concourse, 65 NMR Avenue, Durban on 28 July 2005 at 14h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
29-Sep-2017
(X)
Mr Price Group Ltd. is an omni-channel, fashion value retailer. The Group retails apparel, homeware and sportsware through owned and franchised stores and online channels in Africa and Australia. Merchandise is predominantly own-branded and targeted at younger customers in the mid to upper LSM categories.


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