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05-Sep-2018
(Official Notice)
Shareholders were advised that Mustek has acquired 2 374 415 ordinary shares in the issued share capital of Mustek on the open market for a purchase consideration (including costs) in aggregate of R16 026 363.54 (?the general repurchase?). The general repurchase was effected in terms of a general authority to Mustek?s directors (?the directors?), which was granted in terms of a special resolution passed by the members at Mustek?s Annual General Meeting (?AGM?) held on 2 November 2017 and comprises 3.04% of the total issued ordinary shares of Mustek at the date of the AGM. Mustek does not hold any treasury shares.



Implementation

The general repurchase commenced on 30 May 2018 and continued on a day-to-day basis as market conditions allowed and in accordance with the JSE Ltd. (?JSE?) Listings Requirements until 4 September 2018. The Company confirms that the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The highest and lowest prices paid by Mustek for the ordinary shares were 700 cents and 650 cents per share respectively.



Extent of general authority outstanding

The extent of the general authority outstanding is 13 233 059 ordinary shares, representing 16.96% of the total issued ordinary share capital of Mustek at the time the authority was granted.



Source of funds

The general repurchase has been funded from available cash resources.



Financial information

Cash balances decreased by R16 026 363.54 as a result of the general repurchase. The impact on other areas of the Company?s financial information is immaterial.



JSE listing

2 000 000 shares were delisted and cancelled on 28 June 2018 and 374 415 shares will be cancelled and delisted in due course, where after Mustek will have 72 625 585 shares in issue.



Conclusion

Mustek will continue to repurchase securities as and when opportunities arise.
30-Aug-2018
(C)
Revenue was higher at R5.671 billion (2017: R5.243 billion). Gross profit grew to R795.4 million (2017: R661.5 million). Profit from operations declined to R163.1 million (2017: R173.7 million). Profit attributable to owners of the parent increased to R79.8 million (2017: R73.1 million). Furthermore, headline earnings per share rose to 104.15 cents per share (2017: 81.26 cents per share).



Dividend

The declaration of cash dividends will continue to be considered by the board in conjunction with an evaluation of current and future funding requirements and opportunities to repurchase shares. It will be adjusted to levels considered appropriate at the time of declaration. To this end, the board has declared a final dividend of 22 cents (2017: 16 cents) per ordinary share for the financial year ended 30 June 2018.



Company and industry outlook

Microsoft announced that it will no longer support Windows 7 after 14 January 2020 and we anticipate an acceleration of the refresh cycle during the time leading up to this date. Our investments in new product lines such as networking equipment, sustainable energy and fibre are starting to contribute meaningfully to both revenue and profit. The growth in fibre to the home is not only assisting our fibre sales, but also increasing the demand for new devices in order to fully benefit from the faster internet speeds. The Group will continue to look for opportunities to add additional products to its product offering in order to better utilise its infrastructure. The contributions from products such as Huawei are expected to continue growing and although the gross profit margin might be lower for these products, net profit should increase.



The smart education and learning market is expected to grow as more education institutions realise the importance of digitisation in the mobile and connected world. We are excited to be able to support schools and universities with digital education deployment and to assist them in taking advantage of this growth opportunity. Although economic and market conditions are expected to remain difficult, the increased contribution from our associates and the reduction in net finance costs as a result of lower inventory levels at both Mustek and Rectron should contribute to higher profitability. In conjunction with strategic partners from across the ICT industry, Mustek is well positioned for the forthcoming years.

23-Aug-2018
(Official Notice)
Mustek?s shareholders are informed that, for the year ended 30 June 2018, Mustek?s headline earnings per share is expected to be between 23% and 33% higher than the previous financial year at between 99.95 cents and 108.08 cents (2017: 81.26 cents). Basic earnings per share is expected to be between 23% and 33% higher than the previous financial year at between 98.79 cents and 106.83 cents (2017: 80.32 cents).



Net asset value per share is expected to be between 15% and 16% higher than the previous financial year at between 1 344.44 cents and 1 356.13 cents (2017: 1 169.08 cents).



The company?s financial results for the year ended 30 June 2018 are expected to be published on or about 30 August 2018.
28-May-2018
(Official Notice)
Shareholders were advised that Mustek has acquired 3 037 370 ordinary shares in the issued share capital of Mustek on the open market for a purchase consideration (including costs) in aggregate of R17 070 627,18 (?the general repurchase?). The general repurchase was effected in terms of a general authority to Mustek?s directors (?the directors?), which was granted in terms of a special resolution passed by the members at Mustek?s Annual General Meeting (?AGM?) held on 2 November 2017 and comprises 3,89% of the total issued ordinary shares of Mustek at the date of the AGM. Mustek does not hold any treasury shares.



Implementation

The general repurchase commenced on 2 November 2017 and continued on a day-to-day basis as market conditions allowed and in accordance with the JSE Limited (?JSE?) Listings Requirements until 25 May 2018. The Company confirms that the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The highest and lowest prices paid by Mustek for the ordinary shares were 650 cents and 500 cents per share respectively.



Extent of general authority outstanding

The extent of the general authority outstanding is 12 570 104 ordinary shares, representing 16.11% of the total issued ordinary share capital of Mustek at the time the authority was granted.



Source of funds

The general repurchase has been funded from available cash resources.



Financial information

Cash balances decreased by R17 070 627,18 as a result of the general repurchase. The impact on other areas of the Company?s financial information is immaterial.



JSE listing

2 037 370 shares were delisted and cancelled on 25 May 2018 and 1 000 000 shares will be cancelled and delisted in due course, where after Mustek will have 75 000 000 shares in issue.
22-Feb-2018
(C)
09-Feb-2018
(Official Notice)
Shareholders are referred to the trading statement published on SENS on 26 January 2018 where it was announced that for the six months ended 31 December 2017, Mustek?s headline earnings per share and basic earnings per share are expected to be at least 20% higher than the headline earnings per share of 37.34 cents and the basic earnings per share of 37.24 cents reported in the previous corresponding period.



The company now has reasonable certainty to provide the range required in terms of Paragraph 3.4(b)(iii)(2) of the JSE Limited?s Listings Requirements.



In light of the above, Mustek?s shareholders are informed that, for the six months ended 31 December 2017, Mustek?s headline earnings per share is expected to be between 50% and 60% higher than the previous corresponding period at between 56.01 cents and 59.74 cents (31 December 2016: 37.34 cents). Basic earnings per share is expected to be between 50% and 60% higher than the previous corresponding period at between 55.86 cents and 59.58 cents (31 December 2016: 37.24 cents).



Net asset value per share is expected to be between 1 265 cents and 1 275 cents, compared to 1 067.57 cents as at 31 December 2016.



The above information has not been reviewed or reported on by the company?s auditors. The company expects to release its interim financial results for the six months ended 31 December 2017 on SENS on or about 22 February 2018.

26-Jan-2018
(Official Notice)
Mustek has a reasonable degree of certainty that for the six months ended 31 December 2017, headline earnings per share and basic earnings per share will be at least 20% higher than reported in the previous corresponding period, but does not yet have a reasonable degree of certainty of the specific percentage or range difference. Accordingly, the Group expects that:

? Earnings per share will be at least 20% (at least 7.45 cents) higher than the 37.24 cents reported in the previous corresponding period; and

? Headline earnings per share will be at least 20% (at least 7.47 cents) higher than the 37.34 cents reported in the previous corresponding period.



A further trading statement that will include the expected date of release of its financial results, will be published once the company obtains reasonable certainty to provide guidance on the percentages and ranges to describe the differences.
14-Dec-2017
(Official Notice)
In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listings Requirements, notice is hereby given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.mustek.com.
02-Nov-2017
(Official Notice)
The AGM of Mustek shareholders was held on Thursday, 2 November 2017. All the special and ordinary resolutions as set out in the notice of the AGM to shareholders, dated 13 September 2017, were approved by the requisite majority of shareholders.



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

* total number of Mustek shares that could have been voted at the AGM: 81 000 000

*total number of Mustek shares that were present/represented at the AGM: 59 633 542 being 73.62% of the total number of Mustek shares that could have been voted at the AGM



The special resolutions will be filed, and where required registered, with the Companies and Intellectual Property Commission in due course.





19-Oct-2017
(Official Notice)
29-Sep-2017
(Official Notice)
The integrated annual report, containing the audited financial statements for the Group for the year ended 30 June 2017, has been dispatched to shareholders on Friday, 29 September 2017. There has been no change from the audited results for the year ended 30 June 2017, released on SENS on 29 August 2017 and in the press on 30 August 2017. The annual financial statements were audited by the Company?s auditors, Deloitte - Touche and their unmodified report is available for inspection at the Company?s registered office.



Notice of the annual general meeting

Notice was given that the annual general meeting of Mustek shareholders will be held at Mustek?s head office at 322 15th Road, Randjespark, Midrand at 10:00 on Thursday, 2 November 2017 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.
12-Sep-2017
(Official Notice)
Shareholders are hereby advised that Mustek has acquired a further 3 064 424 ordinary shares in the issued share capital of Mustek on the open market for a purchase consideration (including costs) in aggregate of R13 468 573,09 (?the general repurchase?). The general repurchase was effected in terms of a general authority to Mustek?s directors (?the directors?), which was granted in terms of a special resolution passed by the members at Mustek?s Annual General Meeting (?AGM?) held on 8 December 2016 and comprises 3.30% of the total issued ordinary shares of Mustek at the date of the AGM. Mustek does not hold any treasury shares.



Implementation

The general repurchase commenced on 21 June 2017 and continued on a day-to-day basis as market conditions allowed and in accordance with the JSE Limited (?JSE?) Listings Requirements until 11 September 2017. The Company confirms that the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The highest and lowest prices paid by Mustek for the ordinary shares were 495 cents and 410 cents per share respectively.



Extent of general authority outstanding

The extent of the general authority outstanding is 17 322 426 ordinary shares, representing 18,63% of the total issued ordinary share capital of Mustek at the time the authority was granted.



Source of funds

The general repurchase has been funded from available cash resources.



JSE listing

1 786 850 shares were delisted and cancelled on 27 June 2017 and 1 277 574 shares will be cancelled and delisted in due course, where after Mustek will have 81 722 426 shares in issue.



Conclusion

Mustek will continue to repurchase securities as and when opportunities arise.

29-Aug-2017
(C)
21-Jun-2017
(Official Notice)
Shareholders are hereby advised that Mustek has acquired a further 2 853 150 ordinary shares in the issued share capital of Mustek on the open market for a purchase consideration (including costs) in aggregate of R11 849 517,43 (?the general repurchase?). The general repurchase was effected in terms of a general authority to Mustek?s directors (?the directors?), which was granted in terms of a special resolution passed by the members at Mustek?s Annual General Meeting (?AGM?) held on 8 December 2016 and comprises 3,07% of the total issued ordinary shares of Mustek at the date of the AGM. Mustek does not hold any treasury shares.



Implementation

The general repurchase commenced on 17 May 2017 and continued on a day-to-day basis as market conditions allowed and in accordance with the JSE Ltd. (?JSE?) Listings Requirements until 20 June 2017. The company confirms that the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the company and the counter parties. The highest and lowest prices paid by Mustek for the ordinary shares were 420 cents and 385 cents per share respectively.



Extent of general authority outstanding

The extent of the general authority outstanding is 5 386 850 ordinary shares, representing 5.79% of the total issued ordinary share capital of Mustek at the time the authority was granted.



Source of funds

The general repurchase has been funded from available cash resources.



Financial information

Cash balances decreased by R11 849 517,43 as a result of the general repurchase. The impact on other areas of the company?s financial information is immaterial.



28-Mar-2017
(Official Notice)
Shareholders are hereby advised that Mustek has acquired 3 060 000 ordinary shares in the issued share capital of Mustek on the open market for a purchase consideration (including costs) in aggregate of R13 934 875,39 (?the general repurchase?). The general repurchase was effected in terms of a general authority to Mustek?s directors (?the directors?), which was granted in terms of a special resolution passed by the members at Mustek?s Annual General Meeting (?AGM?) held on 8 December 2016 and comprises 3,29% of the total issued ordinary shares of Mustek at the date of the AGM. Mustek does not hold any treasury shares.



Implementation

The general repurchase commenced on 24 February 2017 and continued on a day-to-day basis as market conditions allowed and in accordance with the JSE Listings Requirements until 27 March 2017. The Company confirms that the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The highest and lowest prices paid by Mustek for the ordinary shares were 462 cents and 430 cents per share respectively.



Extent of general authority outstanding

The extent of the general authority outstanding is 8 240 000 ordinary shares, representing 8.86% of the total issued ordinary share capital of Mustek at the time the authority was granted.



Source of funds

The general repurchase has been funded from available cash resources.



JSE listing

The 3 060 000 ordinary shares that have been repurchased will be cancelled and delisted in due course.
23-Feb-2017
(C)
14-Feb-2017
(Official Notice)
Mustek?s shareholders are informed that, for the six months ended 31 December 2016, Mustek?s headline earnings per share is expected to be between 20% and 30% lower than the previous corresponding period at between 36.17 cents and 41.33 cents (31 December 2015: 51.67 cents). Earnings per share is expected to be between 20% and 30% lower than the previous corresponding period at between 35.92 cents and 41.05 cents (31 December 2015: 51.31 cents).



Net asset value per share is expected to be between 1 065.00 cents and 1 070.00 cents, compared to 983.47 cents as at 31 December 2015.



Cash generated from operations is expected to improve by between R420,0 million and R430,0 million, compared to the cash used in operations of R418,7 million reported for the previous corresponding period. The improvement is largely due to a reduction in inventory of between R260.0 million and R270.0 million compared to the previous corresponding period.



The company expects to release its interim financial results for the six months ended 31 December 2016 on SENS on or about 23 February 2017.
27-Jan-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 27 January 2017 relating to acquisition of an interest in the securities of the company by Barclays, and are hereby advised that reference to OMIG therein is incorrect and it should be Barclays.
08-Dec-2016
(Official Notice)
The AGM of Mustek shareholders was held today, 8 December 2016. All the special and ordinary resolutions as set out in the notice of the AGM to shareholders, dated 25 October 2016, were approved by the requisite majority of shareholders.



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

*total number of Mustek shares that could have been voted at the AGM: 93 000 000

*total number of Mustek shares that were present/represented at the AGM: 57 818 707 being 62,17% of the total number of Mustek shares that could have been voted at the AGM

*The special resolutions will be filed, and where required registered, with the Companies and Intellectual Property Commission in due course.



16-Nov-2016
(Official Notice)
Shareholders are advised that Lindani Dhlamini has been appointed as Chairperson of the Audit and Risk Committee with effect from 15 November 2016 in place of Ralph Patmore who will remain a member of this Committee.
08-Nov-2016
(Official Notice)
The integrated annual report, containing the audited financial statements for the Group for the year ended 30 June 2016, has been dispatched to shareholders on Tuesday, 8 November 2016. There has been no change from the audited results for the year ended 30 June 2016, released on SENS and in the press on Thursday, 1 September 2016. The annual financial statements were audited by the company?s auditors, Deloitte - Touche and their unmodified report is available for inspection at the company?s registered office.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Mustek shareholders will be held at Mustek?s head office at 322 15th Road, Randjespark, Midrand at 10:00 on Thursday, 8 December 2016 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates and times

*Last day to trade in order to be eligible to attend and vote at the annual general meeting: Tuesday, 29 November 2016

*Record date in order to be eligible to attend and vote at the annual general meeting: Friday, 2 December 2016

*Forms of proxy for the annual general meeting to be lodged to the transfer secretary by 10:00: Wednesday, 7 December 2016*



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



The integrated annual report and the notice of the annual general meeting are available on the company?s website at www.mustek.co.za.

07-Sep-2016
(Official Notice)
02-Sep-2016
(Official Notice)
01-Sep-2016
(Official Notice)


The Group?s Revenue from continuing operations increased by 4,8% to R5,29 billion (2015: R5,04 billion). The major reason for the slowdown in growth was the reduction in the spend from the Government sector. The balance of the market showed signs of severe strain but both Mustek and Rectron were able to maintain if not gain market share. The gross profit percentage from continuing operations reduced from 13,2% to 12,9% predominantly as a result of product mix, the drive to reduce inventory levels, an increase in inventory provisions and an increase in inventory written off.



Although the gross profit percentages achieved by products such as Huawei Enterprise Solutions and Microsoft Volume Licensing are lower, their contributions to profit are expected to continue growing. Other income in the comparative period included an amount of R26,8 million that arose from certain disputes that were settled between Mustek and various parties. The Group?s more conservative forex hedging policy proved effective, considering the sharp depreciation of the Rand from 30 June 2015 to 30 June 2016. Forex losses from continuing operations, which includes the cost of forward points, was R11,8 million compared to R1,7 million in the comparative period.



Distribution, administrative and other operating expenses from continuing operations were well controlled, increasing by 4,8%. The Group has been negatively affected by an increase in net finance charges from continuing operations from R58,7 million to R90,7 million after average working capital levels were well above that of the previous financial year. Working capital levels have since normalised and for the year ended 30 June 2016, both inventory and accounts receivable are at lower levels when compared to the previous financial year. The Group applies hedge accounting where the requirements of IAS 39 have been met to separate the interest and spot elements from the forward contracts, and R14,3 million (2015: R9,6 million) was classified as finance costs, as opposed to forex losses. The contribution from our associates increased mainly as a result of the earnings growth of Sizwe Africa IT Group Proprietary Limited.

31-Aug-2016
(C)
25-Aug-2016
(Official Notice)
Shareholders are referred to the trading statement published on SENS on 19 August 2016 where it was announced that for the year ended 30 June 2016, Mustek?s headline earnings per share and basic earnings per share are expected to be at least 20% lower than the headline earnings per share of 125,05 cents and the basic earnings per share of 124,94 cents reported in the previous corresponding period.



Mustek?s shareholders are informed that, for the year ended 30 June 2016, Mustek?s headline earnings per share is expected to be between 33% and 43% lower than the previous financial year at between 71,28 cents and 83,78 cents (2015: 125,05 cents). Earnings per share is expected to be between 35% and 45% lower than the previous financial year at between 68,72 cents and 81,21 cents (2015: 124,94 cents).



Net asset value per share is expected to be between 4,5% and 6,0% higher than the previous financial year at between 1 002,16 cents and 1 016,54 cents (2015: 959,00 cents).



The previous financial year (30 June 2015) included a once-off after tax income of R19,3 million that arose from certain disputes that were settled between Mustek and various parties.



The group has been negatively affected by an increase in net finance charges after average working capital levels were well above that of the previous corresponding period. Working capital levels have since normalised and for the year ended 30 June 2016, both inventory and accounts receivable are at lower levels when compared to the previous financial year.



The improvement in working capital levels contributed to cash generated from operations of between R170,0 million and R180,0 million and is an improvement of between R588,7 million and R598,7 million compared to the cash used in operations of R418,7 million reported at 31 December 2015.



The above information has not been reviewed or reported on by the company?s auditors. The company?s financial results for the year ended 30 June 2016 are expected to be published on or about 31 August 2016.





19-Aug-2016
(Official Notice)
Mustek is currently in the process of finalising its financial results for the year ended 30 June 2016.



Mustek?s shareholders are informed that, for the year ended 30 June 2016, Mustek?s headline earnings per share and basic earnings per share are expected to be at least 20% lower at no more than 100,04 cents and 99,95 cents respectively when compared to the headline earnings per share of 125,05 cents and the basic earnings per share of 124,94 cents reported in the previous corresponding period.



Net asset value per share is expected to be between 4,5% and 7,5% higher than the previous financial year at between 1 002,16 cents and 1 030,93 cents (2015: 959,00 cents).



A further trading statement that will include the expected date of release of its financial results will be published once the company obtains reasonable certainty to provide guidance on the range to describe the differences.



The above information has not been reviewed or reported on by the company?s auditors.





24-Jun-2016
(Official Notice)
Shareholders are advised that Rev Dr Mehana, the chairman of the board, has been appointed as a member of the Remuneration and Nomination Committee with effect from 23 June 2016.
23-Feb-2016
(C)
15-Feb-2016
(Official Notice)
Mustek announces that, for the six months ended 31 December 2015, revenue from continuing operations has increased by 10,1% compared to the previous corresponding period.



Net asset value per share is expected to be between 980,00 cents and 990,00 cents, compared to 883,99 cents as at 31 December 2014.



Mustek?s headline earnings per share is expected to be within 5% of the first half of the previous financial year at between 50,59 cents and 55,92 cents (1H14: 53,26 cents). Basic earnings per share is expected to be within 5% of the first half of the previous financial year at between 50,40 cents and 55,70 cents (1H14: 53,05 cents).



The significant weakening of the ZAR against the USD in December 2015 resulted in an immediate revaluation of USD denominated accounts payable (including accounts payable relating to goods in transit) and a corresponding foreign exchange loss. International Financial Reporting Standards do not allow the revaluation of inventory which means that inventory is carried at a significantly lower value than its replacement value. This creates opportunities for the Group to earn higher gross profit margins during the second half of the financial year.



The above information has not been reviewed or reported on by the company?s auditors. The company expects to release its interim financial results for the six months ended 31 December 2015 on SENS on or about 23 February 2016.





12-Feb-2016
(Official Notice)
03-Feb-2016
(Official Notice)
Shareholders are advised that Rev Dr Mehana has been appointed to the Mustek board with effect from 2 February 2016 as non-executive chairman (not independent) and therefore Dr Mdu Gama has been appointed as lead independent director.



11-Dec-2015
(Official Notice)
The AGM of Mustek shareholders was held on 11 December 2015. All the special and ordinary resolutions as set out in the notice of the AGM to shareholders, dated 23 October 2015, were approved by the requisite majority of shareholders.
07-Dec-2015
(Official Notice)
Shareholders are advised of the following:

* Ms Lindani Dhlamini has been appointed to the Mustek board as an independent non-executive director and also as a member of the audit and risk committee effective 4 December 2015.

* Dr Len Konar has resigned as independent non-executive chairman on 4 December 2015. Dr Mdu Gama, an existing independent non-executive director, will be appointed as interim chairman until a suitable chairman is found.



The audit and risk committee will now comprise Mr Ralph Patmore (chairman), Dr Mdu Gama and Ms Lindani Dhlamini, three independent non-executive directors. Following the resignation of Dr Len Konar, the remuneration and nomination committee will comprise Mr Ralph Patmore (chairman) and Dr Mdu Gama. In his capacity as interim chairman of Mustek, Dr Mdu Gama will act as chairman when nomination matters are discussed. Dr Mdu Gama will also be appointed as independent chairman of the social and ethics committee. The composition of the board and sub-committees will be reviewed once a suitable chairman of Mustek is appointed.
11-Nov-2015
(Official Notice)
10-Nov-2015
(Official Notice)
The integrated annual report, containing the audited financial statements for the company for the year ended 30 June 2015, has been dispatched to shareholders on Tuesday, 10 November 2015. There has been no change from the audited results for the year ended 30 June 2015, released on SENS on Tuesday, 1 September 2015 and in the press on Wednesday, 2 September 2015. The annual financial statements were audited by the company?s auditors, Deloitte - Touche and their unmodified report is available for inspection at the company?s registered office.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Mustek shareholders will be held at Mustek?s head office at 322 15th Road, Randjespark, Midrand at 10:00 on Friday, 11 December 2015 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates and times

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting: Friday, 30 October 2015

*Last day to trade in order to be eligible to attend and vote at the annual general meeting: Friday, 27 November 2015

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting: Friday, 4 December 2015

*Forms of proxy for the annual general meeting to be lodged to the transfer secretary by 10:00: Thursday 10 December 2015*



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



The integrated annual report and the notice of the annual general meeting are available on the company?s website at www.mustek.co.za.
13-Oct-2015
(Official Notice)
Shareholders are advised that independent non-executive director, Ms Thembisa Dingaan has resigned from the board of the company with immediate effect to pursue other focused professional opportunities.
01-Sep-2015
(C)
20-Aug-2015
(Official Notice)
In terms of paragraph 3.4(b) of the JSE Ltd.?s Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period.



In light of the above, Mustek?s shareholders are informed that, for the financial year ended 30 June 2015, Mustek?s headline earnings per share is expected to be between 20% and 30% higher than the previous financial year at between 120,9 cents and 130,9 cents (2014: 100,7 cents). Basic earnings per share for the financial year ended 30 June 2015 is expected to be between 20% and 30% higher than the previous financial year at between 120,1 cents and 130,1 cents (2014: 100,1 cents).



Net asset value per share is expected to be between 11% and 13% higher than the previous financial year at between 953,1 cents and 970,3 cents (2014: 858,7 cents).



The above information has not been reviewed or reported on by the company?s auditors. The company expects to release its financial results for the year ended 30 June 2015 on SENS on or about 1 September 2015.
20-May-2015
(Official Notice)
02-Apr-2015
(Official Notice)
In terms of paragraph 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that Dr Mdu Gama, an independent non-executive director of Mustek, has been appointed as an additional member to the Remuneration - Nomination Committee with immediate effect.



The members of the Remuneration - Nomination Committee are:

Mr Ralph Patmore (Independent non-executive chairman of the Committee); Dr Len Konar (Independent non-executive member); and Dr Mdu Gama (Independent non-executive member).
25-Feb-2015
(C)
11-Feb-2015
(Official Notice)
Mustek's shareholders are informed that, for the six months ended 31 December 2014, Mustek?s headline earnings per share is expected to be between 20% and 32% higher than the first half of the previous financial year at between 50,58 cents and 55,64 cents (1H14: 42,15 cents). Basic earnings per share for the six months ended 31 December 2014 is expected to be between 22% and 34% higher than the first half of the previous financial year at between 50,39 cents and 55,34 cents (1H14: 41,30 cents).



Net asset value per share is expected to be between 880 cents and 890 cents (1H14: 785,30 cents). The above information has not been reviewed or reported on by the company?s auditors. The company expects to release its interim financial results for the six months ended 31 December 2014 on SENS on or about 25 February 2015.
15-Dec-2014
(Official Notice)
Shareholders are hereby advised that Mustek has acquired a further 3 327 587 ordinary shares in the issued share capital of Mustek on the open market for a purchase consideration in aggregate of R24 000 938.96 (?the general repurchase?). This is in addition to the 3 277 107 ordinary shares acquired for a purchase consideration of R20 406 733 announced on SENS on 16 April 2014. The general repurchase was effected in terms of a general authority to Mustek?s directors (?the directors?), which was granted in terms of a special resolution passed by the members at Mustek?s Annual General Meeting (?AGM?) held on 13 December 2013 and comprises 3.07% of the total issued ordinary shares of Mustek at the date of the AGM. Mustek does not hold any treasury shares.



Implementation

The general repurchase commenced on 16 April 2014 and continued on a day-to-day basis as market conditions allowed and in accordance with the JSE Listings Requirements until 12 December 2014. The Company confirms that the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The highest and lowest prices paid by Mustek for the ordinary shares were 800 cents and 680 cents per share respectively.



Extent of general authority outstanding

The extent of the general authority outstanding for the financial year ending 30 June 2015 is 20 282 263 ordinary shares, representing 19.01% of the total issued ordinary share capital of Mustek.



Sources of funds

The general repurchase has been funded from available cash resources.



Financial effects

The pro forma financial effects set out below are the responsibility of the directors of Mustek and are provided for illustrative purposes only. Due to the nature of pro forma financial information, it may not give a fair reflection of shareholders` financial position, changes in equity, results of operations or cash flows after the repurchase. The pro forma financial effects on the earnings, headline earnings, net asset value and net tangible asset value per ordinary share, before and after the general repurchase are set out below:

Before - After

* Earnings per ordinary share : 100.07 - 102.28

* Headline Earnings per ordinary share : 100.72 - 102.95

* Net asset value per ordinary share : 858.67 - 862.98

* Number of shares in issue : 106 682 760 - 103 355 173
12-Dec-2014
(Official Notice)
The annual general meeting of Mustek shareholders was held on 12 December 2014. All the special and ordinary resolutions as set out in the notice of the annual general meeting to shareholders, dated 4 November 2014, were approved by the requisite majority of shareholders.



The special resolutions will be filed, and where required registered, with the Companies and Intellectual Property Commission in due course.
12-Nov-2014
(Official Notice)
The integrated annual report, containing the audited financial statements for the company for the year ended 30 June 2014, has been dispatched to shareholders on Wednesday, 12 November 2014. There has been no change from the audited results for the year ended 30 June 2014, released on SENS on Wednesday, 27 August 2014 and in the press on Thursday, 28 August 2014. The annual financial statements were audited by the company's auditors, Deloitte - Touche and their unmodified report is available for inspection at the company's registered office.



Due to the ongoing postal strike, potential delays may be experienced in the receipt of the company's 2014 integrated annual report. In order to mitigate any potential delays, shareholders can request an electronic version of the company's 2014 integrated annual report by e-mailing ltd@mustek.co.za. Shareholders are further advised that the integrated annual report will be made available on the company's website (www.mustek.co.za) from Wednesday, 12 November 2014.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Mustek shareholders will be held at Mustek's head office at 322 15th Road, Randjespark, Midrand at 10:00 on Friday, 12 December 2014 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates and times

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting: Friday, 31 October 2014

*Last day to trade in order to be eligible to attend and vote at the annual general meeting: Friday, 28 November 2014

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting: Friday, 5 December 2014

*Forms of proxy for the annual general meeting to be lodged to the transfer secretary by 10:00: Thursday, 11 December 2014*

* any proxies not lodged by this time must be handed to the chairman of the annual general meeting immediately prior to the annual general meeting. Facilities for electronic participation will not be available for purposes of the annual general meeting.
27-Aug-2014
(C)
14-Aug-2014
(Official Notice)
Shareholders are referred to the trading statement published on SENS on 14 July 2014 where it was announced that for the year ended 30 June 2014, Mustek's headline earnings per share and basic earnings per share are expected to be at least 20% higher than the headline earnings per share of 72.85 cents and the basic earnings per share of 78.43 cents reported in the previous corresponding period.



The company now has reasonable certainty to provide the range required in terms of Paragraph 3.4(b)(iii)(2) of the JSE Ltd. Listings Requirements.



In light of the above, Mustek's shareholders are informed that, for the year ended 30 June 2014, Mustek?s headline earnings per share is expected to be between 35% and 45% higher than the headline earnings per share of 72.85 cents reported in the previous corresponding period. Earnings per share is expected to be between 23% and 33% higher than the earnings per share of 78.43 cents reported in the previous corresponding period.



Net asset value per share is expected to be between 855 cents and 865 cents, compared to 762.10 cents as at 30 June 2013.



The above information has not been reviewed or reported on by the company?s auditors. The company?s financial results for the year ended 30 June 2014 are expected to be published on or about 27 August 2014.



14-Jul-2014
(Official Notice)
Mustek's shareholders are informed that, for the year ended 30 June 2014, Mustek's headline earnings per share and basic earnings per share are expected to be at least 20% higher than the headline earnings per share of 72.85 cents and the basic earnings per share of 78.43 cents reported in the previous corresponding period. The company's financial results for the year ended 30 June 2014 are expected to be published on or about 27 August 2014.
16-Apr-2014
(Official Notice)
Shareholders are hereby advised that Mustek has acquired 3 277 107 ordinary shares in the issued share capital of Mustek on the open market for a purchase consideration in aggregate of R20 406 733 (the general repurchase). The general repurchase was effected in terms of a general authority to Mustek?s directors (the directors), which was granted in terms of a special resolution passed by the members at Mustek?s Annual General Meeting (AGM) held on 13 December 2013 and comprises 3,02% of the total issued ordinary shares of Mustek at the date of the AGM. Mustek does not hold any treasury shares.



Implementation

The general repurchase commenced on 28 February 2014 and continued on a day-to-day basis as market conditions allowed and in accordance with the JSE Limited (JSE) Listings Requirements until 15 April 2014. The Company confirms that the repurchases were effected through the order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. The highest and lowest prices paid by Mustek for the ordinary shares were 700 cents and 580 cents per share respectively.



Extent of general authority outstanding

The extent of the general authority outstanding for the current financial year is 18 409 526 ordinary shares, representing 16,98% of the total issued ordinary share capital of Mustek.



Sources of funds

The general repurchase has been funded from available cash resources.



JSE listing

The ordinary shares that have been repurchased will be cancelled and de-listed in due course.



Conclusion

Mustek will continue to repurchase securities as and when opportunities arise.

10-Mar-2014
(Official Notice)
Shareholders are hereby advised that following fulfilment of all conditions precedent, the acquisition of a 26% interest in Sizwe, announced on SENS on 13 December 2013, was completed on 10 March 2014.



Mustek acquired a 26% stake in Sizwe, a provider of information and communications technology products, network products and solutions and information technology maintenance and support services for a total cash consideration of R15 166 666.45, with effect from the effective date. Mustek will also advance a loan of R6 666 667 to Zaloserve Pty Ltd (Zaloserve), the ultimate holding company of Sizwe and a loan of R7 966 666.55 to Omni Capital Pty Ltd (Omni), a 100% black-owned company as part of its enterprise development initiatives. Interest will be charged at prime and the loan is repayable five years from the effective date. In turn, Omni will subscribe for 35% of the share capital of Zatophase Pty Ltd (Zatophase) for a total consideration of R8 166 666.55 and Mustek will subscribe for 65% in Zatophase for a total consideration of R15 166 666.45. Zatophase will subscribe for 40% of the share capital of Zaloserve, Sizwe?s ultimate holding company, for a total consideration of R23 333 333.

20-Feb-2014
(C)
Revenue from continuing operations rose to R2.0 billion (R1.8 billion) and gross profit increased to R279.0 million (R237.7 million). Profit from operations jumped to R91.1 million (R50.5 million). Profit attributable to owners was higher at R44.8 million (R34.2 million). Furthermore, headline earnings per share from continuing operations climbed to 46.34cps (29.52cps).



Dividend

The declaration of cash dividends will continue to be considered by the board in conjunction with an evaluation of current and future funding requirements, and will be adjusted to levels considered appropriate at the time of declaration. Mustek's continued commitments to optimal cash utilisation will mean that cash generated by the operations will be used to fund its growth and reduce its debt. In line with the dividend policy, no interim dividend will be paid.



Industry outlook

There is ongoing industry debate around the future of the "desktop". The group's view, premised on its ongoing interactions with its customers and this rapidly changing industry, is that the desktop will continue to transition into different formats based on evolving market trends and customer requirements. A manifestation of this is the "All-in-One" format, proving popular in the banking and public sector markets due to its lower Total Cost of Ownership and security benefits for the large percentage of desk-bound employees in these environments.



Mustek is also continuing with our research and development into new product offerings that has both potential markets and growth into the foreseeable future.



Company outlook

The company is focusing on increasing volumes as it remains a driver of performance across its operations. Considering vertical sector potential in 2014, significant growth opportunities lie in the education, health and security industries, as well as the solar energy space.



For some time, sceptics have argued that the PC will be replaced with newer devices such as the tablet. Mustek was initially excluded from this growth opportunity, but as some of the brands distributed by the group started catching up, Mustek is becoming a key player in the local tablet market. Over the next few years, this is likely to be a positive revenue driver.



Mustek has also experienced another year of strengthening its strategic partner network within the industry.
05-Feb-2014
(Official Notice)
Mustek's shareholders were informed that, for the six months ended 31 December 2013, Mustek's headline earnings per share and basic earnings per share are expected to be between 25% and 40% higher than the headline earnings per share of 31.75 cents and the basic earnings per share of 31.50 cents reported in the previous corresponding period. Net asset value per share is expected to be between 780 cents and 790 cents, compared to 712.07 cents as at 31 December 2012. The company's financial results for the six months ended 31 December 2013 are expected to be published on or about 20 February 2014.
13-Dec-2013
(Official Notice)
Shareholders are advised that Mustek has signed agreements dated 12 December 2013 to acquire an indirect 26% equity interest in Sizwe Africa IT Group (Pty) Ltd. ("Sizwe"), a provider of information and communications technology products, network products and solutions and information technology maintenance and support services for a total cash consideration of R15 166 666.45 ("purchase price"), with effect from the effective date, subject to the condition precedent below ("the transaction"). Mustek will also advance a loan of R6 666 667 to Zaloserve (Pty) Ltd. ("Zaloserve"), the ultimate holding company of Sizwe and a loan of R7 966 666.55 to Omni Capital (Pty) Ltd. ("Omni") on the effective date. The purchase price is not subject to any performance conditions. The effective date will be the third business day following the day when the condition precedent shall have been fulfilled or waived ("effective date").



Salient terms

Mustek will advance a loan of R7 966 666.55 to Omni, a 100% black-owned company as part of its enterprise development initiatives. Interest will be charged at prime and the loan is repayable five years from the effective date. In turn, Omni Capital will subscribe for 35% of the share capital of Zatophase (Pty) Ltd. ("Zatophase") for a total consideration of R8 166 666.55. Omni?s shares in Zatophase will be pledged as security for the loan from Mustek. Mustek will subscribe for 65% of Zatophase for a total consideration of R15 166 666.45. Zatophase will subscribe for 40% of the share capital of Zaloserve, Sizwe's ultimate holding company, for a total consideration of R23 333 333. Mustek's loan of R6 666 667 to Zaloserve is unsecured, will attract interest at prime and is repayable on or before 31 December 2018.



Condition precedent

The transaction is subject to the necessary regulatory approvals.



Pro forma financial effects

Before - after:

* Earnings : 78.4 - 62.9

* Headline earnings : 72.9 - 63

* Net asset value : 762.1 - 762.1.
13-Dec-2013
(Official Notice)
The annual general meeting of Mustek shareholders was held today, 13 December 2013. All the special and ordinary resolutions as set out in the notice of the annual general meeting to shareholders, dated 4 November 2013, were approved by the requisite majority of shareholders, except for the following ordinary resolutions:

* Ordinary resolution number 8: Endorsement of remuneration philosophy;

* Ordinary resolution number 9: Placing unissued shares under directors? control; and

* Ordinary resolution number 11: General authority to issue shares for cash.



The special resolutions will be filed, and where required registered, with the Companies and Intellectual Property Commission in due course.
12-Nov-2013
(Official Notice)
The integrated annual report, containing the audited financial statements for the Company for the year ended 30 June 2013, has been dispatched to shareholders today, 12 November 2013. There has been no change from the audited results for the year ended 30 June 2013, released on SENS on Wednesday, 28 August 2013 and in the press on Thursday, 29 August 2013. The annual financial statements were audited by the Company's auditors, Deloitte - Touche and their unmodified report is available for inspection at the Company's registered office .



Notice is hereby given that the annual general meeting of Mustek shareholders will be held at Mustek's head office at 322 15th Road, Randjespark, Midrand at 10:00 on Friday, 13 December 2013 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates and times

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting: Friday, 1 November 2013

*Last day to trade in order to be eligible to attend and vote at the annual general meeting: Friday, 29 November 2013

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting: Friday, 6 December 2013

*Forms of proxy for the annual general meeting to be lodged to the transfer secretary by 10:00: Thursday, 12 December 2013*

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



Facilities for electronic participation will not be available for purposes of the annual general meeting.
28-Aug-2013
(C)
Revenue increased to R4.1 billion (R3.5 billion). Gross profit rose to R554.8 million (R500.4 million) and profit from operations was higher at R137.2 million (R136.9 million). Net attributable profit increased to R85 million (R80.2 million). In addition, headline earnings per ordinary share from continuing operations grew slightly to 71.50cps (71.37cps).



Dividend

A final gross ordinary dividend of 20cps has been declared.



Outlook

There is ongoing industry debate around the future of the desktop. Mustek's view, premised on ongoing interactions with customers and this rapidly changing industry, is that the desktop will continue to transition into different formats based on evolving market trends and customer requirements. A manifestation of this is the increasing uptake of the All-in-One format, proving popular in the banking and public sector markets due to its lower Total Cost of Ownership and security benefits for the large percentage of desk bound employees in these environments.



Mustek is also continuing with research and development into new product offerings that has both potential markets and growth into the foreseeable future.



Company outlook

The company is focusing on increasing volumes as it remains a driver of performance across group operations.



The group is placing increased focus on working capital management in order to reduce finance costs.



For some time, sceptics have argued that the PC will be replaced with newer devices such as the tablet (mobile device). Apple dominates this form factor and Mustek was excluded from this growth opportunity. However, statistics indicate that the other brands are catching up and Apple is steadily losing its tablet dominance. Management believes that Mustek will become a key player in the local tablet market for the other brands. Over the next few years, this is likely to be a positive revenue driver.



It became even more apparent that the use of tablets will play an increasing role in education in the future. Mustek undertook considerable research into the merits of these particular devices, but also how these tools can best be used in the classroom.



Mustek recently launched a Cloud offering for the channel that includes a micro-billing system to support the transition from a transactional sale to an annuity model.
03-Jun-2013
(Official Notice)
Shareholders are hereby advised that following fulfilment of all conditions precedent, the disposal of Comztek, announced on SENS on 30 November 2012, was completed on 31 May 2013.



Mustek disposed of its 41,84% stake in Comztek, a communication systems distributor, to Datatec Ltd for a total consideration of R39 403 905 through a combination of cash and Datatec shares. Comztek also declared a dividend prior to completion which effectively increased Mustek?s consideration to R44 424 826. An amount of R27 403 905 was paid in cash on completion. The balance will be settled by the issue of 225 782 new Datatec ordinary shares at R0,01 per share (consideration shares). Listing of the consideration shares is expected to become effective on or about 14 June 2013.
21-Feb-2013
(C)
08-Feb-2013
(Official Notice)
Mustek's shareholders are informed that, for the six months ended 31 December 2012, Mustek's headline earnings per share is expected to be between 135% and 140% higher than the headline earnings of 13.40 cents per share of the previous corresponding period. Basic earnings per share is expected to be between 45% and 50% higher than the basic earnings of 21.14 cents per share of the previous corresponding period. Net asset value per share is expected to be between 710 cents and 715 cents. The above information has not been reviewed or reported on by the company's auditors. The company's financial results for the six months ended 31 December 2012 are expected to be published on or about 21 February 2013.
28-Jan-2013
(Official Notice)
Shareholders are referred to the announcement released by the Company on 18 January 2013, informing shareholders that the timetable relating to the Share Capital Conversion and the MOI Adoption as set out in Appendix 2 of the Company's Annual Integrated Report 2012, was no longer applicable as a result of a delay by the Companies and Intellectual Property Commission ("CIPC") of the registration of the special resolutions relating thereto.



Following the above, shareholders are advised that the Company has received confirmation from the CIPC that the said special resolutions were registered on Monday, 21 January 2013. Accordingly, shareholders are advised that the Company's shares will commence trading as shares of no par value on Monday, 28 January 2013.
18-Jan-2013
(Official Notice)
Shareholders are referred to the announcement released by the Company on 14 December 2012, relating to the results of the annual general meeting at which meeting the special resolutions ("the Special Resolutions") relating to the Share Capital Conversion and the MOI Adoption were approved by shareholders. Following the above, shareholders are hereby advised that the Company is still awaiting registration of the Special Resolutions by the Companies and Intellectual Property Commission ("CIPC").



As a result of this delay, the salient dates and times applicable to the Share Capital Conversion and the MOI Adoption as set out in Appendix 2 of the Company's Annual Integrated Report 2012, are no longer applicable. A further announcement setting out a revised timetable will be made in due course as soon as the registration of the Special Resolutions with CIPC has been established.
14-Dec-2012
(Official Notice)
The annual general meeting of Mustek shareholders was held on Friday, 14 December 2012. All the special and ordinary resolutions, other than ordinary resolutions number 9 and 11 regarding placing of shares under the directors' control and the general authority to the company's directors to issue unissued shares in the company for cash respectively, as set out in the notice of the annual general meeting to shareholders, dated 13 November 2012, were approved by the requisite majority of shareholders. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
30-Nov-2012
(Official Notice)
13-Nov-2012
(Official Notice)
The integrated annual report, containing the audited financial statements for the company for the year ended 30 June 2012, has been dispatched to shareholders on Tuesday, 13 November 2012. There has been no change from the audited results for the year ended 30 June 2012, released on SENS on Tuesday, 28 August 2012 and in the press on Wednesday, 29 August 2012. The annual financial statements were audited by the company's auditors, Deloitte - Touche and their unmodified report is available for inspection at the company's registered office.



Notice of the annual general meeting

Notice is hereby given that the annual general meeting of Mustek shareholders will be held at Mustek's head office at 322 15th Road, Randjespark, Midrand at 10:00 on Friday, 14 December 2012 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates and times

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting: Friday, 2 November 2012

*Last day to trade in order to be eligible to attend and vote at the annual general meeting: Friday, 30 November 2012

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting: Friday, 7 December 2012

*Forms of proxy for the annual general meeting to be lodged to the transfer secretary by 10:00: Wednesday 12 December 2012



Facilities for electronic participation will not be available for purposes of the annual general meeting.
19-Oct-2012
(Media Comment)
Mustek MD, Hein Engelbrecht, was quoted in Business Day as saying that the company plans to add tablets to its portfolio. Mr Engelbrecht said that Mustek is "waiting for the Windows (powered) tablets and once we are certain about that," the company will look at introducing tablets to its distribution range. Mustek's existing distribution range includes PCs of brands such as Lenovo and Toshiba, and the group assembles all products for the Mecer brand.
19-Oct-2012
(Official Notice)
In order to comply with rule 3.84(j) of the Listings Requirements of the JSE Limited, which requires an arms-length relationship between the company secretary and the board of directors, Deloitte - Touche Sponsor Services (Pty) Ltd is authorised to announce that CJ Coetzee will relinquish the role of company secretary with effect from 1 November 2012 and the board hereby appoints Sirkien van Schalkwyk as the company secretary with effect from 1 November 2012.

28-Aug-2012
(C)
Revenue increased to R3.5 billion (R2.9 billion). Gross profit rose to R500.4 million (R432.8 million) and profit from operations improved to R136.9 million (R135.6 million). However, net attributable profit dropped to R80.2 million (R94.6 million). In addition, headline earnings per share from continuing operations fell to 71.37c (83.98cps).



Dividennd

A final gross ordinary dividend of 17cps has been declared.



Outlook

The company is focusing on increasing volumes as it remains a driver of performance across our operations. The group is placing increased focus on working capital management in order to reduce finance costs.



The addition of Acer and Lenovo to Toshiba and Mecer over the past 18 months, Mustek has become one of the most preferred distributors for the local reseller community to do business with. Not only does the company now have an expanded product portfolio to offer its customers, it is finally in a position to offer customers increased choice. For customers that have relatively generic technology requirements, but are not prepared to compromise on quality there is Acer, Lenovo and Toshiba - three of the world's top brands - to choose from. For customers that have more specific requirements and want to exercise a deeper level of control over the hardware platforms, Mustek can build configurations to exacting customer requirements through the Mecer brand. The company believes this strategy will serve it extremely well over the coming years.



Mustek's product offerings also cater for international vendors and distributers, which ensures competitiveness in the marketplace. Management looks forward to increasing the business' market share and the average spend per customer, by building on the established and trusted after sales service and support programme for valued customers. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production, further consolidation and cost management are being pursued. Enhanced cash flow will be used prudently to reduce the company's debt.
17-Aug-2012
(Official Notice)
Mustek's shareholders were informed that, for the year ended 30 June 2012, turnover increased by 18.2% to R4.143 billion (2011: R3.506 billion). Included in profit from operations is R47.0 million relating to realised and unrealised foreign exchange losses (2011: R20.6 million foreign exchange profits).



Mustek uses the Rand/USD spot rate at the beginning of each month to determine its selling prices with adjustments made during the month should the exchange rate change substantially. Inventory is accounted for at the exchange rate at the time when risks and rewards transfer to the company and accounting standards do not allow the fair valuation of inventory, but require the corresponding foreign accounts payable to be stated at the closing spot rate. As long as this is the case and the Rand remains as volatile as it currently is, reported earnings will be in line with the volatilities of the Rand.



As a result, Mustek's shareholders were informed that, for the year ended 30 June 2012, Mustek's headline earnings per share is expected to be between 15% and 25% lower than the headline earnings of 89.39 cents per share of the previous year. Basic earnings per share is expected to be between 10% and 20% lower than the basic earnings of 86.38 cents per share of the previous year.



Net asset value per share is expected to be between 690 cents and 710 cents.



The company's financial results for the year ended 30 June 2012 are expected to be published on or about 28 August 2012.
18-Jul-2012
(Official Notice)
Shareholders are advised that the last day to trade in the Taiwan Depository Receipts ("TDR's") currently trading on the Taiwan Stock Exchange ("TWSE") will be 27 August 2012 whereafter the TDR's will be delisted. Depositary receipt holders are encouraged to either convert their TDR's into shares or dispose of their TDR's before this date. The delisting of the 1 852 001 TDR's will not have an effect on the company's issued share capital as each TDR is currently represented by a share listed on the JSE registered in the name of the Custodian Bank.
28-Jun-2012
(Official Notice)
At the annual general meeting held on 22 December 2011, the shareholders passed the special resolution relating to the general authority to repurchase shares. Shareholders are hereby advised that the company has resolved to repurchase ordinary shares / the Taiwan Depository Receipts ("TDR's") during its closed period, subject to favourable market conditions. This period commences on 1 July 2012 and terminates on or about 31 August 2012 when the company is scheduled to publish its year-end results. In terms of the general authority, any general repurchase shall not in the aggregate in any one financial year exceed 20% of the company's ordinary issued share capital.



In determining the price at which the ordinary shares / TDR's will be acquired by the company in terms of this general authority, the maximum premium at which such ordinary shares / TDR's may be acquired will be no more than 10% above the weighted average of the market value at which such TDR's or ordinary shares are traded on the JSE, as determined over the five trading days immediately preceding the date of repurchase of such ordinary shares / TDR's by the company.
29-Feb-2012
(C)
Revenue for the interom period ended December 2011 increased to R2 billion (R1.6 billion) and gross profit jumped to R288.1 million (R233.2 million). However, profit from operations declined to R42.8 million (R63.3 million), while profit for the period attributable to ordinary shareholders decreased to R23 million (R39.6 million). Furthermore, headline earnings per share weakened to 13.40cps (36.20cps).



Dividend

In line with the dividend policy, no interim dividend has been declared.



Outlook

The company is focusing on increasing volumes as it remains a driver of performance across our operations. The Group is placing increased focus on working capital management in order to reduce finance costs further. With the addition of Acer and Lenovo to Toshiba and Mecer products over the past 12 months, Mustek has become one of the most preferred distributors for the local reseller community to do business with. Not only does the company now have an expanded product portfolio to offer its customers, it is finally in a position to offer customers increased choice. For customers that have relatively generic technology requirements, but are not prepared to compromise on quality there is Acer, Lenovo and Toshiba - three of the world`s top brands - to choose from. For customers that have more specific requirements and want to exercise a deeper level of control over their hardware platforms, Mustek can build configurations to exact customer requirements through the Mecer brand. The company believes this strategy will serve it well over the coming years. Mustek`s outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production, further consolidation and cost management are being pursued. Enhanced cash flow will be used prudently to further reduce our debt
16-Feb-2012
(Official Notice)
Mustek's shareholders are informed that, for the period ended 31 December 2011, turnover increased by 20.9% to R1.964 billion (31 December 2010: R1.625 billion) and the gross profit percentage increased to 14.7% (31 December 2010: 14.4%). Included in profit from operations is R62.9 million relating to realised and unrealised foreign exchange losses (31 December 2010: R14.7 million foreign exchange profits). A significant portion of these losses will be recovered when the related inventory is sold and by settling certain foreign creditors at lower levels than the R8.10 used at 31 December 2011 to revalue foreign creditors.



Mustek uses the Rand/USD spot rate at the beginning of each month to determine its selling prices with adjustments made during the month should the exchange rate change substantially. As a result of the sharp and sudden depreciation of the Rand against the USD during September 2011, a substantial amount of inventory is accounted for at lower levels compared to where the Rand has depreciated to. Accounting standards does not allow the fair valuation of inventory, but require the corresponding foreign accounts payable to be stated at the closing spot rate (USD 1 = R8.10). As long as this is the case and the Rand remains as volatile as it currently is, reported earnings will remain in line with the volatilities of the Rand.



As a result, Mustek's shareholders are informed that, for the six months ended 31 December 2011, Mustek's headline earnings per share is expected to be between 55% and 65% lower than the headline earnings of 36.20 cents per share of the previous corresponding period. Basic earnings per share is expected to be between 35% and 45% lower than the basic earnings of 36.12 cents per share of the previous corresponding period. Net asset value per share is expected to be between 640 cents and 650 cents. The company's financial results for the six months ended 31 December 2011 are expected to be published on or about 29 February 2012.
23-Nov-2011
(Official Notice)
The integrated annual report, containing the audited financial statements for the company for the year ended 30 June 2011, has been dispatched to shareholders on Wednesday, 23 November 2011. There has been no change from the audited results for the year ended 30 June 2011, released on SENS on Friday, 26 August 2011 and in the press on Monday, 29 August 2011.



Notice of the annual general meeting

Notice was given that the annual general meeting of Mustek shareholders will be held at Mustek's head office at 322 15th Road, Randjespark, Midrand at 10:00 on Thursday, 22 December 2011 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.
26-Aug-2011
(C)
Revenue for the final year ended June 2011 improved to R3.5 billion (June 2010: R3.4 billion) and gross profit rose to R515.9 million (June 2010: R485.6 million). Operating profit increased to R155.1 million (June 2010: R128 million), while profit attributable to ordinary shareholders of the company strengthened to R94.6 million (June 2010: R61.4 million). In addition, headline earnings per share jumped drastically to 89.39cps (June 2010: 57.84cps).



Dividend

A final ordinary dividend of 17cps for the year ended 30 June 2011 has been declared.



Outlook

The company is focusing on increasing volumes as it remains a driver of performance across our operations. The Group is placing increased focus on working capital management in order to reduce finance costs further. With the addition of Acer and Lenovo to Toshiba and Mecer over the past six months, Mustek has become one of the most preferred distributors for the local reseller community to do business with. Not only does the company now have an expanded product portfolio to offer its customers, it's finally in a position to offer customers increased choice. For customers that have relatively generic technology requirements, but aren't prepared to compromise on quality there's Acer, Lenovo and Toshiba - three of the world's top brands - to choose from. For customers that have more specific requirements and want to exercise a deeper level of control over the hardware platforms, Mustek can build configurations to exacting customer requirements through the Mecer brand. The company believes this strategy will serve it extremely well over the coming years. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production, further consolidation and cost management are being pursued. Enhanced cash flow will be used prudently to further reduce our debt.
19-Aug-2011
(Official Notice)
In compliance with section 3.4(b) of the JSE Listings Requirements, Mustek is pleased to provide further guidance to the market regarding the anticipated headline earnings per share ("HEPS") and earnings per share ("EPS") ranges. Shareholders are referred to the trading statement dated 11 July 2011 stating that Mustek anticipated HEPS and EPS to be at least 30% higher than the results of the comparative year.



The Group now anticipates HEPS and EPS to be between 50% and 60% higher than the restated headline earnings and earnings of 57,84 cents per share and 55,72 cents per share of the comparative year. The above information has not been reviewed or reported on by the company's auditors. The company's financial results for the year ended 30 June 2011 are expected to be published on or about 26 August 2011.

11-Jul-2011
(Official Notice)
Shareholders are advised that for the year ended 30 June 2011 earnings per share ("EPS") and headline earnings per share ("HEPS") are projected to be at least 30% higher than the results of the comparative year (30 June 2010: 55.67 cents EPS and 57.79 cents HEPS respectively. The company's financial results for the year ended 30 June 2011 are expected to be published on or about 29 August 2011.
30-Jun-2011
(Official Notice)
At the annual general meeting held on 2 December 2010, the shareholders passed the special resolution relating to the general authority to repurchase shares. Shareholders are hereby advised that the company has resolved to repurchase ordinary shares / the Taiwan Depository Receipts ("TDR's") during its closed period, subject to favourable market conditions. This period commences on 1 July 2011 and terminates on or about 29 August 2011 when the company is scheduled to publish its year-end results. In terms of the general authority, any general repurchase shall not in the aggregate in any one financial year exceed 20% of the company's ordinary issued share capital. In determining the price at which the ordinary shares / TDR's will be acquired by the company in terms of this general authority, the maximum premium at which such ordinary shares / TDR's may be acquired will be no more than 10% above the weighted average of the market value at which such TDR's or ordinary shares are traded on the JSE, as determined over the five trading days immediately preceding the date of repurchase of such ordinary shares / TDR's by the company.
07-Jun-2011
(Official Notice)
Further to the announcements dated Wednesday, 15 December 2010, renewed on Friday, 28 January 2011, Friday, 25 February 2011, Tuesday, 12 April 2011 and on Monday, 30 May 2011 regarding the expression of interest to effect the buy-out and delisting of Mustek by a consortium led by the company's chief executive officer, David Kan and the Trinitas Private Equity Fund, shareholders were advised that the cautionary announcement is withdrawn. Accordingly shareholders no longer need to exercise caution in dealing in the company's securities.
30-May-2011
(Official Notice)
Further to the announcement dated Wednesday, 15 December 2010, renewed on Friday, 28 January 2011, Friday, 25 February 2011 and on Tuesday, 12 April 2011 regarding the expression of interest to effect the buy-out and delisting of Mustek by a consortium led by the company's chief executive officer, David Kan and the Trinitas Private Equity Fund, shareholders were advised that discussions were still in progress and were therefore required to continue exercising caution when dealing in the company's securities.
12-Apr-2011
(Official Notice)
Further to the announcement dated Wednesday, 15 December 2010, renewed on Friday, 28 January 2011 and on Friday, 25 February 2011 regarding the expression of interest to effect the buy-out and delisting of Mustek by a consortium led by the company's chief executive officer, David Kan and the Trinitas Private Equity Fund, shareholders are advised that discussions are still in progress and are therefore required to continue exercising caution when dealing in the company's securities.
25-Feb-2011
(C)
Revenue amounted to R1 625 million (2009: R1 602 million). Gross profit decreased to R233.2 million (2009:R252.1 million) and operating profit declined to R63.3 million (2009:R70.1 million). Profit attributable to ordinary shareholders increased to R39.6 million (2009: R34.9 million). Headline earnings per share increased to 36.20cps (2009: 31.69cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The company is focusing on increasing volumes as it remains a driver of performance across our operations. The Group is placing increased focus on working capital management in order to reduce finance costs further. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production, further consolidation and cost management will be explored. Enhanced cash flow will be used prudently to further reduce our debt.



Cautionary announcement

Shareholders are referred to the cautionary announcement by Mustek on 15 December 2010 on the Securities Exchange News Service ("SENS") and in the press on 17 December 2010, renewed on SENS on 28 January 2011 and in the press on 31 January 2011, regarding the expression of interest to effect the buy-out and delisting of Mustek by a consortium led by the company's chief executive officer, David Kan and the Trinitas Private Equity Fund. Shareholders are advised that discussions are still in progress and are therefore required to continue exercising caution when dealing in the company's securities until a further announcement is made.
15-Feb-2011
(Official Notice)
Shareholders are referred to the announcement released on SENS on Tuesday, 1 February 2011 and in the press on Wednesday, 2 February 2011, where they were advised that Rectron, a wholly owned subsidiary of Mustek, has entered into a sale of shares agreement dated 31 January 2011 in terms of which Rectron disposed of its 60% stake in Corex to Chao-Chung (Fred) Lu ("the purchaser") for a total cash purchase price of R9 790 549, with effect from the effective date, being 1 January 2011 ("the transaction"). Shareholders are hereby advised that the Mustek board of directors has appointed Merchantec Capital as the independent expert ("expert") to provide it with a fairness opinion on the transaction. Both the expert and their fairness opinion have been approved by the JSE Ltd.



Opinions

The fairness opinion by the expert indicates that the transaction is fair insofar as the shareholders of Mustek are concerned. A copy of the fairness opinion is available for inspection at the company's registered office for 28 days from the date of this announcement. The board of directors of Mustek has considered the terms and conditions of the transaction and after considering the opinion of the expert, is of the opinion that the transaction is fair to all Mustek shareholders.
01-Feb-2011
(Official Notice)
Shareholders are advised that Rectron, a wholly owned subsidiary of Mustek, has entered into the Sale of Shares Agreement ("agreement") dated 31 January 2011 whereby Rectron will dispose of its 60% stake in Corex to Chao Chung (Fred) Lu ("the purchaser") for a total cash purchase price of R9 790 549 ("purchase price"), with effect from the effective date, being 1 January 2011 ("the transaction"). The purchaser is a director of Corex and the transaction is therefore deemed as a small related party transaction in terms of Section 10 of the Listings Requirements of the JSE Ltd ("JSE").



Rationale

The disposal is part of the group's ongoing drive to reduce debt by disposing of non-core assets.



Salient terms

In terms of the agreement, Rectron shall dispose of 60% of the shares in Corex to the purchaser for the purchase price. The purchaser shall make payment of the purchase price to Rectron, in cash, without deduction or set off for any cause whatsoever on or before 4 February 2011. Rectron has provided warranties in relation to the transaction which are standard for transactions of this nature.



Conditions precedent

The transaction is subject to the necessary regulatory approvals been obtained.



Independent opinion

Mustek board of directors has appointed an independent expert to provide the company with a fairness opinion. Both the fairness opinion and the appointment of the independent expert are in the process of being approved by the JSE and shareholders will be advised once approval has been granted.



Categorisation as a small related party transaction

The purchaser is a director of Corex and is therefore a related party to Mustek. Therefore, the disposal is categorised as a small related party transaction for Mustek in terms of the Listings Requirements of the JSE and no shareholder approval is required.
31-Jan-2011
(Media Comment)
Business Day reported that computer assembler and distributor Mustek said on Friday that discussions with a consortium led by CEO David Kan and Trinitas Private Equity Fund to buy out minority shareholders for R5.55 per share were still in progress. Mustek announced last month that the consortium had made the offer to minority shareholders. The transaction is valued at about R605 million.
28-Jan-2011
(Official Notice)
Shareholders are referred to the announcement by Mustek on 15 December 2010 on SENS and in the press on 17 December 2010, regarding the expression of interest to effect the buy-out and delisting of Mustek by a consortium led by the company's chief executive officer, David Kan and the Trinitas Private Equity Fund. Shareholders are advised that discussions are still in progress and are therefore required to continue exercising caution when dealing in the company's securities.

15 Dec 2010 09:04:19
(Official Notice)
Shareholders are advised that a consortium led by the company's chief executive officer, David Kan and the Trinitas Private Equity Fund, has provided the company with a non-binding expression of interest in a transaction that may result in an offer to shareholders other than those participating in the consortium to sell all their shares in the company for a cash price of R5.55 per share and the de-listing of Mustek's shares from the JSE Ltd. David Kan, directly or indirectly, controls approximately 10% of the issued share capital of the company. Independent of the consortium, holders of an additional approximate 45% of the issued share capital of the company have irrevocably undertaken to the consortium to support the proposed buy-out and delisting of Mustek pursuant to a transaction that entails payment to exiting shareholders of a cash sale price of R5.55 per Mustek share. The board is engaged in discussions with the consortium with a view to facilitating the conduct by the consortium and/or its funders of a due diligence investigation of the company. The non-binding expression of interest and discussions in that regard do not constitute a firm intention to make any offer and no offer may result from this process. Accordingly, pending further announcements, shareholders are advised to exercise caution when dealing in their Mustek shares.
30 Nov 2010 10:08:35
(Official Notice)
Mustek withdrew the announcement dated 30 September 2010, stating that the company's appointment of Mega International Commercial Bank Co Ltd ("Mega ICBC") as the Depositary Bank for the company's Taiwan Depositary Receipts will be terminated with effect from 31 December 2010. The company therefore confirmed that Mega ICBC still acts as its depositary bank for the company's Taiwan Depositary Receipts , and Standard Bank of South Africa Ltd remains to act as its custodian for safekeeping the underlying shares.
09 Nov 2010 14:03:32
(Official Notice)
The annual report, containing the audited financial statements for the company for the year ended 30 June 2010, has been dispatched to shareholders on Tuesday, 9 November 2010. There has been no change from the audited results for the year ended 30 June 2010, released on SENS on Monday, 30 August 2010 and in the press on Tuesday, 31 August 2010. The annual financial statements were audited by the company's auditors, Deloitte - Touche and their report is available for inspection at the company's registered office. The annual report contains a notice of the annual general meeting for the company, which will be held at 10h00 on Thursday, 2 December 2010 at the offices of the company at 322 15th Road, Randjespark, Midrand.
15 Oct 2010 17:22:12
(Official Notice)
Shareholders are referred to the announcement by Mustek on 13 October 2010 on SENS and in the press on 14 October 2010, regarding a conditional offer by Datatec Ltd to acquire 100% of the share capital of Comztek Holdings (Pty) Ltd for a total consideration of R101 million. Mustek jointly controls Comztek through its holding of 41.84% of the issued share capital of Comztek. Mustek shareholders are advised that the board of directors of Mustek has considered the offer and unanimously resolved to reject the offer. Shareholders are therefore no longer required to exercise caution when dealing in the company's securities.
13 Oct 2010 12:07:06
(Official Notice)
Shareholders are referred to the announcement by Datatec Limited ("Datatec") on the Securities Exchange News Service on 12 October 2010 regarding a conditional offer to acquire 100% of the share capital of Comztek Holdings (Pty) Ltd ("Comztek") for a total consideration of R101 million ("the offer"). The consideration will be settled partly by cash and partly by the issue of Datatec and/or subsidiary shares. Mustek jointly controls Comztek through its holding of 41,84% of the issued share capital of Comztek.

The offer is subject to the following conditions:

*Mustek continuing to provide support to Comztek in the form of parent company guarantees, consistent with past practice, until the completion of the transaction;

*Mustek and Comztek entering into a written lease agreement in respect of Comztek's business premises; and

*Any other necessary contract, governmental, regulatory and commercial approvals.



The offer remains open until Monday, 18 October 2010. The board of directors of Mustek is evaluating the offer, which if accepted or rejected, may have an effect on the price of the company's securities. The offer, if accepted, will constitute category 2 disposal which will not require shareholder approval in terms of the Listings Requirements of the JSE Limited. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.

30 Sep 2010 11:31:51
(Official Notice)
Mustek wishes to announce that Mega International Commercial Bank's appointment as the company's Depositary Bank for the Taiwan Depositary Receipts will be terminated with effect from 31 December 2010. The company will appoint Chinatrust Commercial Bank ("Chinatrust") as its new Depositary Bank with effect from 1 January 2011. Chinatrust will in turn appoint Citibank as its custodian for safekeeping the underlying shares.
30 Aug 2010 07:44:30
(C)
Revenue dropped slightly to R3 410 million (2009: R3 482 million) , gross profit declined to R486 million (2009: R565 million). Operating profit improved to R128 million (2009: R117 million), while profit attributable to ordinary shareholders grew to R61 million (2009: R55 million). Additionally, headline earnings per share jumped to 57.79cps (2009: 48.65cps).



Dividends

A dividend of 12 cents per ordinary share has beed declared during the period under review.



Prospects

The group is focusing on increasing volumes as it remains a driver of performance across operations. The group is placing increased focus on working capital management in order to reduce finance costs further. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production, further consolidation and cost management will be explored. Cash flow will be used prudently to further reduce debt.
26 Feb 2010 09:00:38
(C)
Revenue decreased from R1.7 billion to R1.6 billion in 2009.Gross profit decreased to R252.1 million (2008:R321.5 million) and operating profit increased to R70.0 million (2008:R42.2 million). Profit attributable to ordinary shareholders increased to R34.8 million (R22.8 million). Headline earnings on a per share basis increased to 31.66cps (21.77cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The company is undertaking a review of the overall structure and operations with a view to further improving efficiency. The emphasis on increasing volumes remains a driver of performance across our operations. The group is placing increased focus on working capital management. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production, further consolidation and cost management will be explored. Enhanced cash flow will be used prudently to reduce our debt.
22 Feb 2010 17:18:24
(Official Notice)
Shareholders are referred to the notice of general meeting issued on 9 February 2010, where it was advised that a general authority is sought to give a mandate to the directors to issue shares for cash ("notice of general meeting"). This general authority to issue shares for cash is no longer needed and a specific authority will be sought in future, if needed. Accordingly, shareholders are hereby advised that the notice of general meeting called for Thursday, 25 February 2010 is hereby withdrawn.
12 Feb 2010 09:18:57
(Official Notice)
Mustek's shareholders are informed that, for the six months ended 31 December 2009, Mustek's headline earnings per share is expected to be between 40% and 50% higher than the headline earnings of 21.77 cps of the previous corresponding period. Basic earnings per share is expected to be between 50% and 60% higher than the basic earnings of 20.66 cps of the previous corresponding period.



Net asset value per share is expected to be between 545 cps and 555 cps. The company's financial results for the six months ended 31 December 2009 are expected to be published on or about 26 February 2010.
08 Dec 2009 14:35:35
(Official Notice)
The annual general meeting of Mustek shareholders was held on Tuesday, 8 December 2009. All the ordinary resolutions and the special resolution, other than the ordinary resolution regarding the general authority to the company's Directors to issue unissued shares in the company for cash, as set out in the notice of annual general meeting to shareholders dated 6 November 2009, were approved by the requisite majority of shareholders.The special resolution will be lodged with the registrar of companies for registration.
06 Nov 2009 12:30:20
(Official Notice)
The annual report, containing the audited financial statements for the company for the year ended 30 June 2009, has been dispatched to shareholders on Friday, 6 November 2009. There has been no change from the audited results for the year ended 30 June 2009, released on SENS on Thursday, 27 August 2009 and in the press on Friday, 28 August 2009. The annual general meeting will be held at 10h00 on Tuesday, 8 December 2009 at the offices of the company at 322 15th Road, Randjespark, Midrand.
16 Oct 2009 12:59:03
(Official Notice)
Deloitte - Touche sponsor services (Pty) Ltd is authorised to announce that Dr. Deenadayalen Konar has been appointed as non-executive chairman in place of Mr. Wilson Vulindlela Cuba who resigned with effect from 16 October 2009. Mr. Ralph Patmore has also been appointed as non-executive director following the resignation of Mr. Michael Frederick Hennessy with effect from 16 October 2009.
01 Sep 2009 07:14:35
(Media Comment)
Business Report noted that Mustek has terminated plans to sell equity to a black company following a drop in its shares to trade lower than the net asset value ("NAV"). Mustek's NAV is R5.27 per share and its shares have slumped 20% since January 2009. On Monday, 31 August 2009, the shares closed up 4.07% to R2.30.
27 Aug 2009 17:41:28
(C)
Revenue increased from R3.4 billion to R3.5 billion in 2009. Gross profit decreased to R565.3 million (2008:R565.7 million) and operating profit decreased to R116.5 million (2008:R167.5 million). Profit attributable to ordinary shareholders decreased to R54.7 million (R81.3 million). Headline earnings on a per share basis decreased to 48.65cps (73.73cps).



Dividends per share

A final dividend of 10cps was declared for the period under review



Prospects

The company is undertaking a review of the overall structure and operations with a view to further improve efficiency and profitability. The emphasis on increasing volumes remains a driver of performance across our operations. Key risks affecting future profitability include the continued electricity supply, the ongoing skills shortage and significant fluctuations in the rand/dollar exchange rate. Mustek has been and will remain an acquisitive company should opportunities exist or arise. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production and cost management will be explored. Enhanced cash flow will be used prudently to reduce our debt and finance new capacity and other growth initiatives.



The notice of the annual general meeting will be included in the annual report that will be posted to shareholders in due course.
21 Aug 2009 13:59:59
(Official Notice)
The volatility of the rand negatively affected Mustek's earnings and as a result, realised and unrealised foreign exchange losses have been incurred. In light of the above, Mustek's shareholders are informed that, for the period ended 30 June 2009, Mustek's headline earnings per share and basic earnings per share are expected to be between 30% and 35% lower than the headline earnings per share of 73.73 cents and the basic earnings per share of 73.78 cents of the previous financial year. Net asset value per share is expected to be between 520 cents and 530 cents. The company's final results for the year ended 30 June 2009 are expected to be published on or about 28 August 2009.
26 Feb 2009 18:43:14
(C)
Turnover increased from R1.5 billion to R1.7 billion in 2008. Profit from operation declined to R42 208 million (2007:R85 782 million). Profit attributable to ordinary shareholders declined to R22 815 million (2007:R42 135 million). In addition, headline earnings on a per share basis declined to 21.77cps (2007:36.12cps).



Dividends per share

No interim dividend was declared for the period under review



Prospects

The company is undertaking a review of the overall structure and operations with a view to improving efficiency and profitability. The emphasis on increasing volumes remains a driver of performance across our operations. Key risks affecting future profitability include the continued electricity supply, the ongoing skills shortage and significant fluctuations in the rand/dollar exchange rate. The company is placing increased focus on working capital management. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production, further consolidation and cost management will be explored. Enhanced cash flow will be used prudently to reduce our debt.
19 Feb 2009 17:00:50
(Official Notice)
Mustek's shareholders are informed that, for the period ended 31 December 2008, turnover increased by 11.6% to R1.732 billion compared to the previous corresponding period. The gross profit percentage increased to 18.6% (31 December 2007: 16.4%) and the operating margin is projected at 2.4% (31 December 2007: 5.5%). Included in operating profit is R84.7 million relating to realised and unrealised foreign exchange losses (31 December 2007: R8.1 million foreign exchange profits). The majority of these losses have been recovered through higher selling prices during the period under review, as confirmed by the higher gross profit margins. Approximately R21 million is expected to be recovered during the subsequent period. Mustek's headline earnings per share is expected to be between 35% and 45% lower than the restated headline earnings of 36,22cps of the previous corresponding period. Basic earnings per share is expected to be between 40% and 50% lower than the restated basic earnings of 38.25cps of the previous corresponding period. The company's interim results for the period ended 31 December 2008 are expected to be published on or about 27 February 2009.
06 Feb 2009 11:09:47
(Official Notice)
Deloitte - Touche Sponsor Services (Pty) Ltd is authorised to announce that Thembisa Dingaan has been appointed as non-executive director of the company.
20 Nov 2008 14:04:02
(Official Notice)
The annual general meeting of Mustek shareholders was held on Thursday, 20 November 2008. All the ordinary resolutions and the special resolution, other than the ordinary resolution regarding the general authority to the company's directors to issue unissued shares in the company for cash, as set out in the notice of annual general meeting to shareholders dated 22 October 2008, were approved by the requisite majority of shareholders. The special resolution will be lodged with the Registrar of Companies for registration.
28 Oct 2008 11:11:25
(Official Notice)
The annual report containing audited financial statements for the company for the year ended 30 June 2008 has been dispatched to shareholders on Tuesday, 28 October 2008. There has been no change from the audited results for the year ended 30 June 2008, released on SENS and in the press on Friday, 29 August 2008. The annual report contains a notice of the annual general meeting for the company, which will be held at 10:00 on Thursday, 20 November 2008 at the offices of the company at 322 15th Road, Randjespark, Midrand, 1685.
29 Aug 2008 12:24:59
(Official Notice)
Neels Coetzee has been appointed as financial director of the company with immediate effect. Hein Engelbrecht, the previous financial director, will remain on the board as executive director.
29 Aug 2008 08:55:26
(C)
Revenue increased to R3.4 million (R3.3 million). Profit from operations rose to R167.5 million (R158.9 million) and net profit attributable to ordinary shareholders increased to R81.4 million (R58.2 million). Headline earnings per ordinary share grew to 73.73cps (54.07cps).



Dividend

A final dividend of 10cps has been declared.



Outlook

The company is undertaking a review of the overall structure and operations with a view to improving efficiency and profitability. The emphasis on increasing volumes remains a driver of performance across operations. Key risks affecting future profitability include the continued electricity supply, the ongoing skills shortage and significant fluctuations in the ZAR/USD exchange rate. Mustek has been and will remain an acquisitive company should opportunities exist or arise. Mustek's outlook remains focused on sustainable growth. Opportunities for further optimisation, improved production and cost management will be explored. Enhanced cash flow will be used prudently to reduce debt and finance new capacity and other growth initiatives.
21 Aug 2008 14:02:17
(Official Notice)
For the year ended 30 June 2008, Mustek's headline earnings per share and basic earnings per share are expected to be between 30% and 40% higher than the restated headline earnings per share of 54.07 cents and the restated basic earnings per share of 53.40 cents of the previous financial year. The company's final results for the year ended 30 June 2008 are expected to be published on or about 29 August 2008.
08 Aug 2008 07:58:19
(Official Notice)
Shareholders are advised that the company is still in negotiations with a potential Black Economic Empowerment partner, which, if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a full announcement is made.
27 Jun 2008 09:04:11
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 28 February 2008 and in the press on 29 February 2008, renewed on SENS on 10 April 2008 and in the press on 11 April 2008 and again on SENS on 15 May 2008 and in the press on 16 May 2008 and are advised that the company is still in negotiations with a potential BEE partner, which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
15 May 2008 16:59:51
(Official Notice)
Shareholders are advised that on 12 May 2008, Puno accepted an offer from Mustek in an amount of R2 500 000 net of the total aggregate amount outstanding under the loan agreement, in full and final settlement of all claims of whatsoever nature which the parties have against each other, including legal costs which Puno has been ordered to pay by his Lordship Mr Justice Goldstein. Mustek realised its security comprising 3417 ordinary shares (constituting 30% of the ordinary issued share capital) in Brotek, pledged to Mustek by Puno, by disposing of the shares to Tradeselect 38 (Pty) Ltd, a wholly owned subsidiary of Mustek. The effective date of the transaction is 23 April 2008. The purchase price of the shares is R24 864 608 (which amount includes the settlement amount and legal fees). Furthermore, Puno's representatives on the board of Brotek have undertaken to resign as directors.



Shareholders are advised that this transaction is not related to the cautionary announcement released on SENS on 28 February 2008 and in the press on 29 February 2008 and renewed on SENS on 10 April 2008 and in the press on 11 April 2008, whereby they where informed that the company is in negotiations with a potential Black Economic Empowerment partner. Therefore, shareholders are advised to continue to exercise caution when dealing in their shares until a further announcement is made.
25 Apr 2008 08:33:51
(Media Comment)
According to Business Day, Mustek's BEE partners are upset that their shares in the technology group have been sold without their permission. The Puno empowerment consortium received a letter saying its 30% stake in the Brotek subsidiary was sold to another wholly owned Mustek firm. Puno says Mustek could be in contempt of court for disposing of the shares as legal proceedings over their bitter fallout is continuing.
10 Apr 2008 14:42:15
(Official Notice)
Shareholders are referred to the interim results announcement published on SENS on 28 February 2008 and in the press on 29 February 2008, wherein they were informed that the board is currently in negotiations with a potential black economic empowerment partner. Shareholders are hereby advised that negotiations are still in progress and are therefore required to continue to exercise caution when dealing in the company's securities until a further announcement is made.
20 Mar 2008 08:37:39
(Media Comment)
According to Business Day, the court battle between Mustek and black empowerment partner Puno, was postponed until 28 April 2008 after two days of hearings. Mustek accuses Puno, which holds 30% of the company's Brotek subsidiary, of breaching a shareholders' agreement and is questioning its black credentials.
06 Mar 2008 07:57:14
(Media Comment)
Business Day reported that Mustek has been selected as the distributor of NEC's servers, data storage and networking products in South Africa. Mustek said that NEC's products are more energy efficient when compared to those of its competitors.
28 Feb 2008 18:12:56
(C)
Headline earnings per share have been negatively affected by the fair valuation of the investment in Wavetrend Technologies Ltd (12.3c), losses incurred in Mecer Digital Do Brazil LTDA (2.6c), share-based payments expensed (2.5c) and a STC charge on dividends paid (3.5c). In total, headline earnings per share have been negatively affected by 20.9cps as a result of these charges and expenses. The share-based payments expense should reduce by 47% in the next interim period and the losses in Mecer Brazil will not be repeated as the subsidiary was disposed. The investment in Wavetrend Technologies Ltd is currently valued at R8.5 million. The group's gross margin from continuing operations decreased to 16.4% from 18.2% in the previous corresponding period. The gross profit margin for the financial year to June 2007 was 16.4%. Distribution, administrative and other operating expenses were well controlled when taking into account that forex losses of R12.2 million were included in distribution, administrative and other operating expenses in the previous corresponding period. Forex profits of R9.7 million was earned and is included in other income in the current period.



Dividend

An interim dividend of 20c per ordinary share for the period ended 31 December 2007 has been declared.



Outlook

Growth prospects for the next six months are likely to be influenced by the extent of the rollout of equipment replacement by government and industry, market retention and growth by Mustek, the volatility of the currency and the demand for hardware and software.
21 Feb 2008 16:10:28
(Official Notice)
In light of the above, Mustek's shareholders are informed that, for the period ended 31 December 2007, headline earnings per share have been negatively affected by the fair valuation of the investment in Wavetrend Technologies Ltd (12.3c), losses incurred in the discontinued operation, Mecer Digital Do Brazil LTDA (2.6c), share-based payments expensed (2.5c) and a STC charge on dividends paid (3.5c). In total, headline earnings per share have been negatively affected by 20.9c per share as a result of these expenses. As a result, Mustek's headline earnings per share is expected to be between 35% and 45% lower than the headline earnings of 41.09cps of the previous corresponding period. Basic earnings per share is expected to be between 30% and 40% lower than the basic earnings of 40.78cps of the previous corresponding period. The above information has not been reviewed or reported on by the company's auditors. The company's interim results for the period ended 31 December 2007 are expected to be published on 28 February 2008.
13 Jun 2006 14:06:13
(Official Notice)
Sindi Koyana (Mabaso) has resigned as independent non-executive director of the company, effective from 12 June 2006.
07 Apr 2006 16:31:33
(Official Notice)
CA-Ratings has upgraded the rating symbol to zaBBB from the zaBBB- (on the South African national scale) previously assigned to the long-term obligations of Mustek.
06 Mar 2006 08:32:17
(Official Notice)
The JSE Ltd advised that it found Mustek director Mr T Wang guilty of contravening the Listings Requirements relating to the dealing in securities during a closed period. Mr Wang failed to obtain clearance for these transactions, or make timeous disclosure thereof. The JSE imposed a penalty consisting of a fine of R30 000 as well as a censure on Mr Wang.
02 Mar 2006 17:47:57
(C)
17 Nov 2005 13:48:04
(Official Notice)
At the annual general meeting held on Thursday, 17 November 2005, the requisite majority of Mustek's shareholders approved the special resolution and all ordinary resolutions, except for resolution 7 which was a general authority to the company's directors to issue unissued shares in the company for cash.
13 Oct 2005 11:15:21
(Official Notice)
The annual report containing audited financial statements for the company for the year ended 30 June 2005 has been dispatched to shareholders on Wednesday, 12 October 2005. There has been no change from the audited results for the year ended 30 June 2005, released on SENS on 1 September 2005. The annual general meeting will be held at 10h00 on Thursday, 17 November 2005
01 Sep 2005 18:08:12
(C)
25 Aug 2005 10:50:30
(Official Notice)
Mustek`s shareholders are informed that, for the year ended 30 June 2005, Mustek`s headline earnings per share is expected to be between 15% and 30% higher than the previous corresponding period. Earnings per share is expected to be between 55% and 65% higher than the previous corresponding period. The above information has not been reviewed or reported on by the company`s auditors. The company`s final results for the year ended 30 June 2005 are expected to be published on 01 September 2005.
25 Jul 2005 09:50:19
(Official Notice)
Vuli Cuba has been appointed as non-executive chairman of the company, effective 25 July 2005. Vuli Cuba will replace CC Kan who retired as non-executive chairman on 31 March 2005.
18-Oct-2017
(X)
Mustek Ltd. is one of the largest assembler and distributors of personal computers and complementary ICT products in South Africa.



The Mustek Ltd. Group was established in 1987 and also includes Rectron. Mustek Ltd. combines the best of local assembly capabilities through its Mecer brand, with a multi-national product portfolio via a broad range of top tier brands, including: Acer, ASUS, Samsung, Lenovo, Brother, Microsoft Volume Licensing, Brand-Rex, Huawei, miniflex, Mustek Security Technologies and Mustek Energy, to name a few.



Through its broad-based distribution strategy, Mustek Ltd. is focused on being the country?s ICT supplier of choice.



Due to its nation-wide footprint and competitive pricing, Mustek Ltd. prides itself on its service offering capabilities for a wide range of technology and end-user needs.



Send e-mail to for any enquiries or see Contact Details for phone numbers
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