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16-Aug-2018
(C)
25-Jul-2018
(Official Notice)
Metair shareholders are hereby advised of the following changes to the company?s Social and Ethics Committee (?Committee?).



Ms J. Gressel and Mr MC. Mahlanu have resigned as members of the Committee to align the composition of the Committee in accordance with the recommendations of the King IV Report on Corporate Governance for South Africa, 2016.



In line with the Group?s best practise governance principles, subsidiary representatives attend the Committee meetings and the above-mentioned representatives will remain as standing invitees to the Committee for the remainder of the year. The meeting attendance by subsidiary representatives will be rotated so that all subsidiaries get a chance to be part of a Committee meeting.
02-Jul-2018
(Official Notice)
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the cautionary announcement published on SENS on Friday, 1 June 2018 (?Cautionary Announcement?).



Further to the Cautionary Announcement and the update and renewal of the cautionary announcement published on SENS on Monday, 25 June 2018, Shareholders are advised that in regard to the Potential BEE Transaction, Metair has mutually agreed with the BEE consortium (the ?Consortium?), that it is in the best interest of the Company to terminate negotiations relating to the Potential BEE Transaction.



Metair still believes that transformation is a strategic and business imperative. However, the market reaction with regard to the Cautionary Announcement in relation to the potential acquisition of TAB (the ?Potential Transaction?), resulting in the decrease in Metair?s market capitalisation, renders the Potential BEE Transaction not in the best interest of the Shareholders at present. Under the current conditions, Metair?s management focus will be on preserving the Company?s balance sheet and earnings. Metair is appreciative of the Consortium?s understanding of Metair?s position in this regard and the amicable termination of any further discussions in regard of the Potential BEE Transaction.



Regarding the Potential Transaction, Metair remains sensitive to Shareholders? concerns and will present a funding structure which is in line with its strategic objectives, also being sensitive to these concerns.



The due diligence process is progressing as planned and the next key milestones are expected to occur as follows:

- Metair interim results and publication - 16 August 2018

- TAB full year 2017 results and publication - 16 August 2018

- Planned completion of financial due diligence - 30 September 2018

- Signed-off audited financial statements - 15 October 2018

- Investment motivation confirmation - 30 October 2018

- Investment Committee meeting - Early November 2018

- Metair Board recommendation - Mid November 2018

- Shareholder and regulatory approval process - Starting mid November 2018



Shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement regarding the Potential Transaction is published.
25-Jun-2018
(Official Notice)
Shareholders are advised that Metair will be participating in and presenting at the Avior Corporate Summit 2018, to be held on 26, 27 and 28 June 2018 (?Summit?).



The presentation that will be delivered by Metair at the Summit will contain, inter alia, information regarding the potential acquisition by Metair of Tovarna Akumulatorskih Baterij d.d. (?TAB?), (the ?Potential Transaction?), as detailed in the cautionary announcement published on SENS on Friday, 1 June 2018 (?Cautionary Announcement?). A copy of the presentation will be available on Metair?s website (www.metair.co.za) from Tuesday, 26 June 2018.



Additionally, further to the Cautionary Announcement, shareholders are advised that the Company and its advisors, through the due diligence process, were in the process of assessing the efficiency of funding the purchase consideration in regard to the Potential Transaction (?Purchase Consideration?) through forms of debt or equity or a combination thereof. The Company has determined that, in light of the recent decline in the share price of Metair, the equity funding alternative may not be the most beneficial and efficient manner in which to further the objectives of the Potential Transaction. Accordingly, the Company and its advisors are currently focussing their assessment on the most effective and efficient debt funding alternatives for purposes of settling the Purchase Consideration.



Shareholders are reminded that the Potential Transaction is still in its early stages and is subject to a number of conditions including, inter alia, satisfactory completion of a detailed full scope due diligence, negotiating the final terms of the Potential Transaction with the shareholders of TAB, Metair securing the required financial and shareholder support and other conditions customary to a transaction of this nature, such as regulatory and shareholder approvals.



Shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement regarding the Potential Transaction and the Potential BEE Transaction (as defined in the Cautionary Announcement) is published.
14-Jun-2018
(Official Notice)
Metair shareholders are hereby advised of the following changes to the company?s social and ethics committee (?Committee?).



Messrs SG Pretorius and L Soanes, independent non-executive directors of the board of the company, have been appointed as members of the Committee, with immediate effect.
04-Jun-2018
(Official Notice)
Shareholders of Metair (?Shareholders?) are referred to the cautionary announcement published on SENS on Friday, 1 June 2018, in terms of which Shareholders were advised of:

- the potential acquisition by Metair of Tovarna Akumulatorskih Baterij d.d., a manufacturer of batteries based in Me?ica, Slovenia within the European Union (the ?Potential Transaction?); and

- the potential disposal by Metair of a 30% direct shareholding in Metair?s Automotive Components vertical to a black female owned empowerment partner (the ?Potential BEE Transaction?).



Shareholders are further advised that the Company will hold a conference call at 16h00 on Monday, 4 June 2018 (?Conference Call?), the purpose of which is to provide Shareholders with details pertaining to the Potential Transaction and the Potential BEE Transaction.
01-Jun-2018
(Official Notice)
30-May-2018
(Official Notice)
Metair shareholders are wer advised that Mr RS Broadley, an independent non-executive director of the Company, has been appointed as a member of Metair?s Investment Committee, with immediate effect.
02-May-2018
(Official Notice)
Metair shareholders (?Shareholders?) are advised that at the annual general meeting (?AGM?) of shareholders held on Wednesday, 2 May 2018, all the ordinary and special resolutions, as set out in the notice of AGM dated Wednesday, 14 March 2018, were approved by the requisite majority of shareholders present or represented by proxy.
15-Mar-2018
(Official Notice)
Metair shareholders are advised that the Company?s B-BBEE annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the Company?s website (www.metair.co.za).

15-Mar-2018
(C)
Revenue for the year increased to R9.517 billion (2016: R8.954 billion), gross profit rose to R1.756 billion (2016: R1.601 billion), operating profit climbed to R847.5 million (2016: R731.4 million), profit for the period attributable to equity holders of the company was higher at R556.2 million (2016: R447.9 million), while headline earnings per share grew to 281 cents per share (2016: 229 cents per share).



Dividend

Notice was given that a gross cash dividend of 80 cents per share has been declared by the board in respect of the year ended 31 December 2017.



Company prospects

Our positive outlook on Metair's performance in the year ahead is dependent upon, inter alia, the successful execution of our strategy, original equipment (OE) volumes, geopolitical conditions, a peaceful labour environment, efficiency improvements, internal inflation recoveries and the exchange rate. Subject to such factors, we expect 2018 to be a growth year for the group.



Annual general meeting

The annual report will be mailed to shareholders along with the notice of annual general meeting. The annual general meeting will be held on 2 May 2018 at 14h00 at AstroTech Conference Centre, Cnr of Anerley Road - Third Avenue, Parktown, Johannesburg.



Integrated report

The group's sustainability reporting included in the annual report for 2017 and the results presentation will be available on the company's website (www.metair.co.za).



The 2017 results presentation will be available on the company's website (www.metair.co.za) and an investor and analyst audio webcast of the presentation will be broadcast on Thursday, 15 March 2018 at 14h00. The audio webcast can be accessed through www.corpcam.com/Metair15032018. Alternatively a telephone conference call facility will be available at 14h00 on Thursday, 15 March 2018 in SA on 011 535 3600/010 201 6800 or internationally on +27 11 535 3600/+27 10 201 6800.



Change of directors

Mr JG Best has been appointed as lead independent director on 30 November 2017 and will act in this capacity for a period of twelve months from the date of appointment. Mr B Mawasha has been appointed as an independent non-executive director of the board and member of the company's audit and risk committee with effect from 1 March 2018. Mr L Soanes resigned as member of the audit and risk committee with effect from 1 March 2018.
22-Feb-2018
(Official Notice)
In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Metair shareholders are hereby advised of the following changes to the directors of the Metair board (the ?Board?) and members of the Company?s audit and risk committee.



Appointment to the Board and audit and risk committee

Mr Billy Mawasha has been appointed as an independent non-executive director of the Board and member of the Company?s audit and risk committee with effect from 1 March 2018.



Resignation from the audit and risk committee

Mr Leslie Soanes will resign as a member of the Company?s audit and risk committee with effect from 1 March 2018.



13-Feb-2018
(Official Notice)
31-Jan-2018
(Official Notice)
The board of directors of Metair (the ?Board?) is committed to adhering to good corporate governance procedures, as it relates to the recommendations set forth in the King IV Report on Corporate Governance for South Africa, 2016 (?King IV?). In the process of updating and finalising the charter of the Board and its committees to adhere to King IV recommendations, the Company is pleased to announce the following change to the function of an independent non-executive Board member. Mr J.G. Best has been appointed as the lead independent director of the Company, with effect from 30 November 2017, and to act in this capacity for the next 12 months.

07-Dec-2017
(Official Notice)
Shareholders are advised that a site visit took place at Metair?s Mutlu Ak? operations in Turkey on Wednesday, 6 December 2017 and the Company will host an investor presentation on Thursday, 7 December 2017.



The purpose of the presentation is to provide investors with updated medium-term profit before interest and taxation (?PBIT?) margin guidance of between 7% and 9% in respect of Metair?s Automotive Component Vertical and to provide supplementary information relating to the strategy, financial and operational information of the Company?s previously published results, covering, inter alia, the following:

*general strategic path disclosure, including impact and Metair response to disruptive technology;

*geographic revenue and margins;

*geographic volumes;

*local currency operating profit for Turkey (Mutlu Ak?) and Romania (Rombat);

*invested capital disclosure per business vertical; and

*last twelve month financial and operational analyses.



Additionally, Metair wishes to advise shareholders of its first vehicle converted from Internal Combustion Engine to a full electric vehicle (?EV?). The EV was produced in cooperation with PrimeMotors in Romania and fitted with in-house Lithium Ion battery technology. The EV conversion showcases Metair?s understanding and adaptation of disruptive technology.



A copy of the presentation is available on the Company?s website (www.metair.co.za).



16-Oct-2017
(Official Notice)
Metair shareholders (?shareholders?) are advised of the following information with regard to Metair?s debt financing arrangements:



Preference shares

Metair currently has an aggregate of R1.4 billion in cumulative redeemable no par value preference shares (?Preference Shares?) in issue which are redeemable on a pro rata basis over a period of five years from the date of issue, being 2 September 2014.



Metair indicated in the 2017 interim results commentary published on SENS on 17 August 2017 that it intended to refinance the R840 million Preference Shares, maturing in October 2017 (?Maturing Preference Shares?), using a combination of a new preference share subscription for R500 million, with a 3 year maturity, and additional revolving credit facilities of R350 million, with a 5 year maturity. The Group has subsequently finalised a new repayment structure while continuing to secure long term liquidity for the Group.



Redemption of preference shares

In light of the strong cash generation of the Group, as well as, the relative ease of repatriating funds from Metair?s foreign operations, Metair has extended the maturity date of the R280 million of the Maturing Preference Shares to September 2018 and has redeemed the R560 million in Maturing Preference Shares, using a combination of available cash of R280 million and existing unutilised debt facilities.



The remaining Preference Shares still in issue total R840 million, at a dividend rate of 69% of the ruling South African prime interest rate calculated on a nominal annual monthly compounded basis. The maturity profile of the remaining Preference Shares require redemption of R560 million Preference Shares in September 2018 and R280 million Preference Shares in September 2019.



Long term liquidity

Metair advised shareholders that it has successfully secured a number of commitments, in excess of its requirements, from several of leading South African banks for longer term funding and liquidity at very competitive rates. Metair expects to finalise the required debt facilities during October 2017, and will advise shareholders accordingly.
17-Aug-2017
(C)
Revenue for the interim period increased to R4.076 billion (2016: R4.030 billion), gross profit rose to R777.1 million (2016: R713.4 million), operating profit improved to R354.9 million (2016: R260.2 million), profit attributable to equity holders of the company shot up to R223.5 million (2016: R107.5 million), while headline earnings per share grew to 114 cents per share (2016: 54 cents per share).



Company prospects

The prospect statement as contained in the Integrated Annual Report of Metair for 2016 indicated that the group will only feel the real effect of the Turkish Lira devaluation in 2017 as the currency settles at a lower level.



The improvement in first half results should support a sustained performance for the full year when compared to 2016 as the seasonally stronger half in the Energy Storage Vertical is muted by the full year impact of the Turkish Lira devaluation.

26-Jul-2017
(Official Notice)
20-Jul-2017
(Official Notice)
Metair shareholders are advised that the Company?s B-BBEE annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the Company?s website (www.metair.co.za).

04-Jul-2017
(Official Notice)
Shareholders are advised that Metair, through its wholly owned subsidiaries, has concluded an acquisition of a 25.10% shareholding in Akkumulatorenfabrik Moll GmbH - Co. KG (?Moll?) in Bad Staffelstein, Germany (?Acquisition?) for a total cash consideration of EUR7.425 million (?Purchase Consideration?).



Following the Acquisition, the equity shareholding of Moll comprises the following:

? Moll-Mohrstedt Family: 39.66%

? Leadnew Ltd., a subsidiary of Chaowei Power Holdings Ltd. (?Chaowei?), Hong Kong: 34.46%

? Metair Investments Ltd. (held through its wholly owned subsidiaries): 25.10% ? Moll Beteiligungs GmbH: 0.78%



Background information and rationale

Moll

The Moll group is a renowned German battery supplier to the automotive industry. Moll manufactures exclusively at its site in Bad Staffelstein, Germany, and supplies European car manufacturers such as Audi, Daimler, Porsche, Skoda, SEAT, Lamborghini, Liebherr and Volkswagen.



Chaowei

Chaowei is a Chinese company listed on the Hong Kong Stock Exchange. Chaowei is the largest producer of lead-acid e-bike batteries in China, with annual production capacity in excess of 140 million batteries.



The investment in Moll, with Chaowei as a partner, gives Metair access to the important Chinese market through Moll?s interest of a 5% shareholding in Chaowei?s Greenfields automotive production facilities in China that is in the process of being finalised.



Categorisation

The Purchase Consideration falls below the threshold for categorisation in terms of the JSE Ltd. Listings Requirements. Accordingly, this announcement is provided to shareholders for information purposes only.
04-May-2017
(Official Notice)
Metair shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Thursday, 4 May 2017, all the ordinary and special resolutions, as set out in the notice of AGM dated Wednesday, 22 March 2017, were approved by the requisite majority of Shareholders present or represented by proxy.



19-Apr-2017
(Official Notice)
Shareholders of Metair (?Shareholders?) are referred to the condensed audited consolidated results for the year ended 31 December 2016 and dividend announcement published on SENS on 23 March 2017, wherein Shareholders were advised of the posting of Metair?s annual report, incorporating the notice of annual general meeting (?AGM?), (?Notice?).



Following discussions with stakeholders in the Company, the board of directors of Metair has decided to limit the scope of authority in terms of special resolution number 2, regarding the provision of financial assistance, whereby the provision of direct or indirect financial assistance shall be limited to related or inter-related companies in which Metair, directly or indirectly, holds a controlling equity interest (50% plus one share).



Shareholders are advised that the form of proxy, attached to the Notice, remains valid. Shareholders are reminded that the AGM will be held on Thursday, 4 May 2017 at 14:00 in the conference room, AstroTech Conference Centre, Cnr of Anerley Road and Third Avenue, Parktown, Johannesburg.
05-Apr-2017
(Official Notice)
Shareholders are referred to the condensed audited consolidated results for the year ended 31 December 2016 and dividend announcement published on SENS on 23 March 2017 (?Announcement?), wherein it was incorrectly stated that Metair?s annual general meeting (?AGM?) will be held on Friday, 5 May 2017.



Shareholders are advised that the AGM will be held on Thursday, 4 May 2017, as stated in the notice of AGM mailed to shareholders.



All other details contained in the Announcement remain unchanged.
24-Mar-2017
(Media Comment)
According to Business Report, Metair has a vision and strategy to become a global manufacturer. Chief executive, Theo Loock said Metair would like to effect its globalisation strategy over the next five to six years, but it was a two-step approach. Mr Loock confirmed that this expansion could involve investment in some greenfields developments and acquisitions. At the end of the five to six years, Metair would be ready for a merger and a bigger step as part of its globalisation strategy. Mr Loock added that its future expansion might be more into the Middle East and European markets, but this would be dependent on the trade positioning and opportunities.
23-Mar-2017
(C)
09-Feb-2017
(Official Notice)
21-Oct-2016
(Official Notice)
Metair shareholders are hereby advised of the following changes to the Social and Ethics Committee (?Committee?).With effect from 20 October 2016, Mr RS Broadley, an independent non-executive director of the board, will step down as Chairman of the Committee, but will remain a member of the Committee, and Ms PPJ Derby, an independent non-executive director of the board, will be appointed as the Chairperson of the Committee.
14-Oct-2016
(Official Notice)
Metair shareholders are hereby advised of the following changes to the directors of the Metair board (the ?board?) and the company?s audit and risk committee.



Resignation from the board and audit and risk committee

Mr David Wilson has decided to resign as non-executive director of the company and as a member of the company?s audit and risk committee with effect from 1 November 2016 as a result of increased executive responsibilities at Royal Bafokeng Holdings (Pty) Ltd. (?RBH?).



Appointment to the board and audit and risk committee

Ms Grathel Motau has been appointed as an independent non-executive director and as a member of the company?s audit and risk committee with effect from 1 November 2016.

Ms Motau is a Chartered Accountant and also holds an MPhil in Development Finance from the University of Stellenbosch. She has almost 20 years of experience from both the public and private sectors. Until March 2015, she was an Audit Partner at KPMG?s Energy and Natural Resources Division. Ms Motau is currently Chief Executive Officer at Mmoni Advisory Services. She has worked for organisations that include Blue IQ Investments, National Treasury, Industrial Development Corporation and Amabubesi Investments.



She serves as a Commissioner of International Trade Administration Commission of South Africa, Council member and Finance Committee Chairperson of the University of the Western Cape as well as non-executive director of International Women?s Forum of South Africa.
18-Aug-2016
(C)
Revenue for the interim period ended 30 June 2016 increased to R4 billion (R3.5 billion). Gross profit decreased to R713.4 million (R738.2 million), while operating profit declined to R260.2 million (R345.8 million). Profit for the period attributable to equity holders of the company decreased to R107.5 million (R220.1 million). Furthermore, headline earnings per share came in at 54cps (111cps).



Prospects

The prospect statement as contained in the Integrated Annual Report of Metair for 2015 indicated that the group will be challenged to improve on the 2015 results during 2016. The group further indicated that the first half of the year will be particularly difficult as we participate in a new model launch. The results achieved in the first half of the year are going to make it very difficult to maintain the results achieved in 2015 as the Automotive Components vertical produced an operating profit of R23 million 2016 H1 compared to R194 million in 2015 H1.



Energy Storage Vertical

The second half of the year traditionally experiences seasonal demand brought about by the winter period associated with the market served by Rombat and Mutlu Ak? in Europe and the Middle East. In the South African market we expect the local market competition to continue as we aim to increase our market share. Strong seasonal demand in our winter markets supported by achievement of some geo-political stability in Turkey could support a continued good performance in the second half.



Automotive Components Vertical

This business vertical managed to renew most of the business associated with the new model launch in support of the next business cycle linked to new model launches. The major challenges related to the next five- to seven-year cycle for this vertical in South Africa relates to the production volume and margins outlook for newly secured business. Under current business conditions Metair expects to achieve single digit turnover growth in the short- to medium-term as technology advancements and product offering expansion counter an anticipated 10% overall volume reduction link to our product demand exposure associated with new models.

19-Jul-2016
(Official Notice)
Metair is a leading international manufacturer, distributor and retailer of energy storage solutions and automotive components with operations in South Africa, Romania, the United Kingdom and Turkey.



Mutlu Ak? is a wholly owned subsidiary of Metair and is Turkey?s leading lead acid battery manufacturer. Metair is pleased to advise stakeholders that, following the recent disturbances in Turkey, there has been no disruption to Mutlu Ak??s operations and that its employees have not suffered any direct harm. Metair?s management, together with its Turkish leadership team, will continue to monitor the situation closely.



The Company is currently in a closed period and the interim results for the six months ended 30 June 2016 are expected to be published on or about 17 August 2016.
21-Jun-2016
(Official Notice)
Metair is in the process of finalising their results for the six months ending 30 June 2016 (?Results?) and shareholders are accordingly advised that the Company expects to report:

- headline earnings per share to be between 50% and 59% lower (between 45 cents and 55 cents per share) than the 111 cents per share for the previous corresponding period; and

- earnings per share to be between 51% and 60% lower (between 45 cents and 55 cents per share) compared to the 112 cents per share for the previous corresponding period.



As mentioned in the Company?s outlook statement in the 2015 Integrated Annual Report, Metair is still in a redesign, growth and renewal phase. The Energy Storage vertical is leading the redesign and growth phase and the Automotive Component vertical is leading the renewal phase, where the Company has secured the business from our most significant customer for their new light commercial vehicle. In the renewal phase, the first year has significant volume ramp-up complexities and variable manufacturing activity, which impacts negatively on the Automotive Component?s business results in the short term. This, together with an earlier than expected model mix change, has affected manufacturing operating efficiencies resulting in higher operational costs in the Auto Component?s business and consequentially group earnings. However a good performance from the Energy Storage vertical is expected which will result in improved operating profit for this vertical, when compared to the previous period.



Under normal conditions, we expect automotive production volumes to stabilise and manufacturing efficiency to improve in the Automotive Component business during the second half of the year. However, uncertainty remains regarding the full year auto volumes and efficiencies, especially with the possibility of industrial action at vehicle and component manufacturers.



The Results will be announced on or about Wednesday, 17 August 2016 and further details on the Company?s operational and financial performance will be provided.
06-May-2016
(Official Notice)
Metair shareholders (?Shareholders?) are advised that at the annual general meeting (?AGM?) of Shareholders held on Thursday, 5 May 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 16 March 2016, save for ordinary resolution 9 (which was withdrawn prior to the commencement of the AGM) and ordinary resolution 10(a), were approved by the requisite majority of Shareholders present or represented by proxy.
17-Mar-2016
(C)
25-Feb-2016
(Official Notice)
Metair initiated a process to identify new non-executive directors to strengthen the Board, with a particular focus on transformation, gender diversity and succession requirements. The culmination of this process resulted in the appointment of Ms PPJ (Portia) Molefe and Ms TN (Thandeka) Mgoduso to our Board as independent non-executive directors with effect from 1 March 2016. The Board is very pleased to welcome them and looks forward to their contribution to the continued success of Metair.



Changes to the Board Remuneration Committee

With effect from the 1 March 2016, Mr RS Broadley, an independent non-executive director of the Board, will step down as Chairman of the Remuneration Committee (Remco), but will remain a member of Remco, and Ms Mgoduso will be appointed as the Chairperson of Remco.



Changes to Social and Ethics Committee

Ms Molefe will serve as a member of the Social and Ethics Committee with effect from the date of her appointment to the Board.

22-Feb-2016
(Official Notice)
Metair is in the process of finalising their results for the year ended 31 December 2015 (?Results?) and shareholders are accordingly advised that the company expects to report:

*Headline earnings per share to be between 17.49% and 20.79% lower (between 240 cents and 250 cents per share) than the 303 cents per share for the previous corresponding period; and

*Earnings per share to be between 12.34% and 15.58% lower (between 260 cents and 270 cents per share) compared to the 308 cents per share for the previous corresponding period.



The above information has not been reviewed or reported on by the company?s auditors. The Results are expected to be published on or about 18 March 2016.



15-Dec-2015
(Official Notice)
Metair shareholders are advised that Mr Allan Joffe has resigned as a non-executive director of the company with effect from 1 January 2016 .



Metair is actively addressing its board composition and will be appointing a number of new independent non-executive directors early in the new-year.
19-Aug-2015
(C)
Revenue for the interim period ended 30 June 2015 increased to R3.5 billion (R3.2 billion). Gross profit rose to R738.2 million (R721.6 million), while operating profit climbed to R345.8 million (R318.8 million). Profit for the period attributable to equity holders of the company decreased to R220.1 million (R234.8 million). Furthermore, headline earnings per share came in at 111cps (120cps).



Prospects

OEM segment

In South Africa, Metair is focused on supporting one of our major customers in achieving a flawless launch of a new model. In the short-term new model launches result in lower production volumes but in the long-term, depending on market acceptance and penetration, it could offer growth opportunities. As new model components in South Africa are across all operating companies, the group remains sensitive to model changes in South Africa.



Local OE production in Turkey and Romania remains positive.



Aftermarket segment

Aftermarket demand in Romania and South Africa should remain stable and second half seasonal winter demand in Turkey depends on climatic conditions in the forthcoming period. Aftermarket exports to Russia will depend on demand returning for imported products.



Non-automotive sector

Demand for standby and other energy storage systems and solutions should maintain itself and build on the improved level displayed during the first half.



Conclusion

The second half of the year tends to reflect the seasonal increase in aftermarket battery demand from the northern hemisphere but in the light of the anticipated impact of major vehicle model changes in South Africa, the second half is expected to be challenging. Results will depend upon inter alia, model change effect, exchange rates, volumes, commodity price movements, seasonal winter demand and geopolitical conditions.
19-Jun-2015
(Official Notice)
Metair shareholders are advised that Mr Mpueleng Pooe has decided to step down as chairman of the Company with effect from 30 June 2015. The board would like to thank Mpueleng for his contribution to the group as well as the broader industry for over more than 8 years and wish him well as he pursues his career in Royal Bafokeng Platinum.



Mr Brand Pretorius, currently an independent non-executive director of Metair, will assume the chairmanship of the Company with effect from 1 July 2015. Brand has a wealth of experience from a distinguished career as a Chief Executive in the motor industry.

06-May-2015
(Official Notice)
Metair shareholders (Shareholders) are advised that at the annual general meeting (AGM) of Shareholders held on Wednesday, 6 May 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 25 March 2015, were approved by the requisite majority of Shareholders present or represented by proxy. The total number of Metair shares eligible to vote at the AGM is 198 985 886. The number of shares voted in person or by proxy was 160 630 462 representing 80.72% of the total issued share capital of the same class of Metair.
17-Apr-2015
(Official Notice)
Shareholders of Metair (?Shareholders?) are referred to the announcement published by Metair on SENS on 26 March 2015 regarding the condensed audited consolidated results for the year ended 31 December 2014, dividend announcement and the posting of Metair?s annual report, incorporating the Notice.



Shareholders are hereby advised that Special Resolution 3, in terms of the Notice posted to Shareholders, has been amended. Special Resolution 3 requests Shareholders authority to repurchase up to a maximum of 20% of the issued share capital of the Company. Metair has reduced this authority to a maximum of 5% of the issued share capital of the Company. The amendment follows discussions with the Company?s major stakeholders, to ensure their support of this resolution.



The AGM will still be held on 6 May 2015 at 14h00 at AstroTech Conference Centre, Cnr of Anerley Road and Third Avenue, Parktown, Johannesburg.
26-Mar-2015
(C)
Revenue increased to R7.3 billion (R5.2 billion). Gross profit grew to R1.6 billion (R1 billion) and operating profit increased to R829.4 million (R445.6 million). Net attributable profit increased to R601.5 million (R341.4 million). In addition, headline earnings per share came in at 303cps (219cps).



Dividend

A gross final ordinary dividend of 80cps has been declared.



Outlook

The redesign of Metair will continue in the year ahead as we adjust to the challenges and opportunities that have been identified and set out in the integrated report. Acquisitions executed during the redesign process, although both aggressive and defensive in design, were always weighted on the aggressive side. Metair will continue to seek acquisitions that leverage the group's technology, expertise and balance sheet.



During 2015 and 2016 our OE customers will be undergoing a number of model changes. Although challenging in the short term, this presents an opportunity in the medium to long term. Metair is extremely pleased that we have secured our participation in these planned model changes. The nature of our OE business is that it requires higher levels of capital investment in periods of model changes combined with temporary reductions in production volumes. The opportunity lies in the successful launch of such new models, with volume growth potential depending on the market penetration of the new models.



In the year ahead, Metair will continue to unlock the synergies in our acquisitions, keep our focus on manufacturing excellence in all of our operations, grow our brands in the aftermarket and focus on selling the spare capacity in our batteries business.



Metair's performance in the year ahead is dependent upon, inter alia, the successful execution of our strategy, OE volumes, geopolitical conditions, a peaceful labour environment, continuous supply of electricity, efficiency improvements, internal inflation recoveries and the exchange rate. Subject to such factors, we expect 2015's financial performance to be satisfactory but more challenging than 2014
23-Mar-2015
(Official Notice)
Shareholders of Metair (?Shareholders?) are referred to the announcements published by Metair on SENS on 12 March 2014 regarding the closing of a mandatory tender offer to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi (?Mutlu Aku?), on 14 July 2014 regarding the commencement of the implementation of a squeeze out transaction, pursuant to which Metair Aku Holding A.S (?Metair Aku?) shall acquire all the remaining shares in Mutlu Aku (?Squeeze Out?), on 18 December 2014 regarding the legislative changes and delay on the Squeeze Out transaction and on 19 February 2015 regarding the sell rights of the Squeeze Out transaction.



Shareholders are accordingly advised that final documents and payment for the remaining minority shares was submitted to the trade registry and the Capital Markets Board of Turkey. Mutlu Aku has become a wholly-owned subsidiary of Metair Aku and, as a result, will also be delisted from the Borsa Istanbul.
03-Mar-2015
(Official Notice)
Shareholders of Metair (?Shareholders?) are advised that Mutlu Aku, Metair's Turkish subsidiary, is still listed on the Borsa Istanbul and published its results for the year ended 31 December 2014.



Shareholders are referred to the Capital Markets Board of Turkey?s disclosure platform at http://www.kap.gov.tr/en/home.aspx where the aforementioned publication will be made available. Shareholders are, however, advised to review these stand-alone Mutlu Aku results with caution as it does not include the results from other entities within the Mutlu group, nor does it reflect Metair?s consolidation and IFRS 3 adjustments related to the Mutlu group acquisition and earnings.



Metair?s results for the year ended 31 December 2014 are expected to be released on or about 26 March 2015.
19-Feb-2015
(Official Notice)
Shareholders of Metair (?Shareholders?) are referred to the announcement published by Metair on 12 March 2014 on SENS regarding the closing of a mandatory tender offer (?MTO?) to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") (?MTO Transaction?) and on 14 July 2014 regarding the commencement of the implementation of a squeeze out transaction, pursuant to which Metair Aku Holding A.S (?Metair Aku?) shall acquire all the remaining shares in Mutlu Aku (?Squeeze Out?) and on 18 December 2014 regarding the legislative changes and delay on the Squeeze Out transaction.



According to the applicable legislation, Mutlu Aku accepted applications from its minority shareholders willing to exercise their sell rights between 12 November 2014 and 12 February 2015 (inclusive). As of 12 February 2015, Mutlu Aku received sell right applications for TL 1.361.123 nominal shares. With the conclusion of this sell right process, Metair Aku became the owner of shares (directly and indirectly) with TL 56.143.409,87 nominal value which corresponds 99.0184% of the share capital of Mutlu Aku. Remaining shares with TL 556.590,13 nominal value will be subject to the squeeze out transaction.



Mutlu Aku made applications to the Capital Markets Board of Turkey on 16 February 2015 to implement the Squeeze Out. Upon the conclusion of the squeeze out transaction Metair Aku shall acquire all the remaining shares in Mutlu Aku it does not already own and Mutlu Aku will become a wholly-owned subsidiary of Metair.
18-Feb-2015
(Official Notice)
Metair is in the process of finalising their results for the year ended 31 December 2014 (?results?) and shareholders are accordingly advised that the company expects to report:

* Headline earnings per share to be between 32.42% and 39.27% higher (between 290 cents and 305 cents per share) than the 219 cents per share for the previous corresponding period; and

* Earnings per share to be between 28.82% and 35.37% higher (between 295 cents and 310 cents per share) compared to the 229 cents per share for the previous corresponding period.



The group?s results are expected to be published on or about 26 March 2015.
18-Dec-2014
(Official Notice)
Shareholders of Metair ("Shareholders") are referred to the announcement published by Metair on 12 March 2014 on the JSE Ltd.?s Stock Exchange News Service ("SENS") regarding the closing of a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") ("MTO Transaction") and 14 July 2014 regarding the commencement of the implementation of a squeeze out transaction, pursuant to which Metair Aku Holding A.S ("Metair Aku") shall acquire all the remaining shares in Mutlu Aku ("Squeeze Out").



Since the application by Metair Aku to implement the Squeeze Out, the applicable legislation has been amended. Pursuant to these legislative changes, Mutlu Aku is required to and has started accepting applications from its minority shareholders willing to exercise their sell right until 12 February 2015. Implementation of the Squeeze Out will be delayed until this process has been concluded.



After 12 February 2015, Metair Aku will implement the Squeeze Out, pursuant to which Metair Aku shall acquire all the remaining shares in Mutlu Aku it does not already own and Mutlu Aku will become a wholly-owned subsidiary of Metair.
12-Dec-2014
(Official Notice)
In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Metair shareholders are hereby advised of the following changes to the functions of the directors of the Metair board (the ?Board?).

Independent Directors

As a result of Royal Bafokeng Holdings scaling back their interest in Metair, the Board believes that Mr Mpueleng Pooe and Mr David Wilson are now considered independent. Mr Mpueleng Pooe has been appointed as an independent non-executive Chairman of the Board with effect from 10 December 2014.



Audit and Risk Committee

Mr David Wilson has been appointed as a member of the Metair Board Audit and Risk Committee with immediate effect.



Social and Ethics Committee

Messrs Sjoerd Douwenga and Ken Lello have been appointed as members of the Social and Ethics Committee and Ralph Broadley has been appointed as acting Chairman of the Social and Ethics Committee. These appointments are with immediate effect.
06-Nov-2014
(Official Notice)
Metair shareholders are advised that Ms Aziza Galiel has resigned as an independent non-executive director of the company with effect from 5 November 2014.
31-Oct-2014
(Official Notice)
Shareholders of Metair ("Shareholders") are advised that Mutlu Aku, Metair's recently acquired Turkish subsidiary, is still listed on the Borsa Istanbul and published its results for the third quarter ended 30 September 2014.



Shareholders are referred to the Mutlu Aku's website, www.mutlu.com.tr where the aforementioned publication has been made available.

20-Oct-2014
(Official Notice)
This serves as a general communication to Metair shareholders ("shareholders") with regard to:

* the status of the local automotive industry's business environment;

* the recently publicised investigation by the Competition Commission of alleged collusion within the South African automotive component industry ("the Investigation"); and

* the award of new Start-Stop battery supply contracts to the group in South Africa and Turkey.



Business environment

The group has experienced improved stability in the Local Original Equipment market since the cessation of labour disruptions in July 2014.Catch-up plans to recover volumes lost during the strike have been introduced by the group's OEM customers and are progressing in line with expectations.



The Investigation

Shareholders are advised that no member of the group has been implicated with regards to or listed in connection with the Investigation. Although we cannot predict the course that the Investigation will follow, it is our understanding that the products produced by the group do not fall within the scope of the Investigation.



Start-Stop tenders

Metair advised shareholders that it has successfully secured a number of Start-Stop related OEM contracts. In Turkey, the group secured a contract to supply Renault with Enhanced Flooded Battery Start-Stop batteries. Metair has also secured a contract to supply Enhanced Flooded Batteries for the first time to a major South African OEM.



The group has also entered into an international brand distribution agreement for the supply of Start-Stop starter batteries. Through this brand's international distribution network Metair will be able to access a large portion of the central European vehicle aftermarket.



Conclusion

Metair is confident that we should be able to produce and deliver quality cost-competitive products to the South Automotive Industry in a sustainable manner. All industry stakeholders are cognisant of the challenges they face and are focused and committed to collectively resolving these challenges. The industry is further supported by the South African Government's inclusion of the automotive industry as a key industry in the Industrial Policy Action Plan (IPAP) and by the adoption of the Automotive Production and Development Programme (APDP). Metair remains committed to executing its strategy and achieving it key performance criteria.
18-Aug-2014
(C)
Revenue for the interim period ended 30 June 2014 increased to R3.2 billion (R2.5 billion). Gross profit rose to R721.6 million (R519.6 million), operating profit climbed to R318.8 million (R274.2 million), and profit for the period attributable to equity holders of the company increased to R234.9 million (R209.5 million). Furthermore, headline earnings per share decreased to 120cps (143cps).



Prospects

Post-June 2014 the South African automotive industry experienced a four-week strike in the steel and engineering industry. Although well-executed contingency plans by the automotive industry limited the loss of production in the OE sector to only two weeks, the long-term effects of continued labour disruption remain to be seen as the effects of labour disruptions both current and previous years continue to play out. Barring any other structural resets or labour-related changes we believe that the SA automotive industry has now prematurely settled at current production levels. Newly launched models could reach higher production levels if international criteria for a successful launch are met. The group will have to remain diligent and focus on stabilisation of the manufacturing environment. The outlook in other markets remains stable at this stage.
13-Aug-2014
(Official Notice)
On 12 August 2014, Metair, acting through its two wholly owned subsidiaries, Inalex (Pty) Ltd. and Nikisize (Pty) Ltd., entered into formal agreements for the refinancing of the facilities extended by Absa Bank Ltd. ("Absa Bank") for the acquisition of the Turkish battery manufacturer, Mutlu Aku Ve Malzemeleri Sanayii Anonim Sirketi by way of the issue of preference shares in an aggregate amount of ZAR 1.4 billion ("Refinancing").



The preference shares carry a dividend rate of 69% of the South African prime rate, nominal annual compounded monthly, and are redeemable over a period of 5 years commencing no earlier than 3 years and 1 month from the date of issue.



The Refinancing includes a revolving credit facility, which will be used for general corporate purposes. The revolving credit facility has a tenor of 5 years and attracts interest at 2.05% over the ruling Johannesburg Interbank Agreed Rate.



The Refinancing is subject to the fulfilment of conditions precedent customary for transactions of this nature. These relate to formalities prescribed in the Companies Act, 71 of 2008, as amended ("Act") regarding financial assistance and verification of each borrower and guarantors' incorporation and authority under the Act and their respective Memorandums of Incorporation, save in respect of off- shore subsidiaries where compliance with the relevant laws of each jurisdiction has been verified and the necessary approvals have been obtained. These are expected to be fulfilled imminently.



Standard Bank Ltd. ("Standard Bank") will subscribe for the entire preference shares issue and Absa Bank, Investec Bank Ltd., and Standard Bank have committed to the revolving credit facility.



Through the Refinancing, Metair achieved its objective of securing funding at very competitive rates and a structure which will provide it with the necessary flexibility in pursuing future strategic opportunities.
11-Aug-2014
(Official Notice)
Shareholders of Metair ("Shareholders") are advised that Mutlu Aku, Metair's recently acquired Turkish subsidiary, is still listed on the Borsa Istanbul and will be publishing its results for the second quarter ended 30 June 2014, today, 11 August 2014.



Shareholders are referred to the Mutlu website, www.mutlu.com.tr or the Capital Markets Board of Turkey's disclosure platform at www.kap.gov.tr/en/home/aspx where the aforementioned publication will be made available.
14-Jul-2014
(Official Notice)
Shareholders of Metair ("Shareholders") are referred to the announcement published by Metair on 12 March 2014 on SENS regarding the closing of a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") ("MTO Transaction").



Metair notified Shareholders that, following the successful conclusion of the MTO Transaction, Metair, acting through its subsidiary Metair Aku Holding A.S ("Metair Aku"), has commenced with the initiation of a squeeze out transaction, pursuant to which Metair Aku shall acquire all the remaining shares in Mutlu Aku ("Squeeze Out"). The successful implementation of the Squeeze Out will result in Mutlu Aku becoming a wholly-owned subsidiary of Metair.



The Squeeze Out remains, in terms of Turkish regulations, subject to the approval of the Capital Markets Board of Turkey.
05-May-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting ("AGM") of shareholders held at the AstroTech Conference Centre, Parktown, Johannesburg, on 5 May 2014; all the ordinary and special resolutions as set out in the notice of AGM, except for ordinary resolution six which was withdrawn at the AGM, were passed by the requisite majority of shareholders present or represented by proxy, without modification.
25-Apr-2014
(Official Notice)
Metair shareholders ("Shareholders") are referred to the notice that has been distributed to Shareholders regarding the annual general meeting of Shareholders ("AGM") dated 24 March 2014 (the "Notice"), which meeting is to be held on Monday, 5 May 2014, at 14:00, at Metair's registered office, 10 Anerley Road, Parktown, Johannesburg.



Reference in particular is made to the proposed ordinary resolution number 6 contained in the Notice relating to the authority to be granted to the directors to allot and issue 29 184 969 ordinary shares, representing 15% of the company's listed equity (excluding treasury shares) as at the date of the Notice until the next annual general meeting (the "Resolution").



Certain Shareholders have indicated that they feel the authority sought by the Resolution is too extensive and that the authority granted should be limited to 19 456 645 ordinary shares, representing 10% of the company's listed equity (excluding treasury shares). The company acknowledges the concern raised by these Shareholders.



Accordingly, the company hereby proposes and will at the AGM on 5 May 2014 propose, a modification to the Resolution by replacing the words contained in the Resolution:

"...to allot and issue 29 184 969 ordinary shares, representing 15% of the company's listed equity (excluding treasury shares)..."

with the following words:

"...to allot and issue 19 456 645 ordinary shares, representing 10% of the company's listed equity (excluding treasury shares)...".



Any existing proxy forms lodged by Shareholders for the AGM will remain valid and binding, unless the holder elects to withdraw same and submit a revised proxy form (which Shareholders are entitled to do) in accordance with the procedures set out in the Notice.



The record date for the meeting remains unchanged.
26-Mar-2014
(Media Comment)
According to Business Day Metair Investments, which has over the past two years established a sizeable presence in Europe, intends growing its African footprint before looking to become a global business. Metair's recent acquisitions meant it had some major regions covered, including SA, Europe, the Middle East, Russia and North Africa. The next focus area for the company was the after-market automotive segment in East and West Africa via partnership agreements or distribution opportunities.
25-Mar-2014
(C)
Revenue increased to R5.2 billion (R4.6 billion). Gross profit fell marginally to R1 billion (R1.1 billion) and operating profit declined to R445.6 million (R569.8 million). Net attributable profit decreased to R341.4 million (R440.5 million). In addition, headline earnings per share fell to 219cps (310cps).



Dividend

A gross final ordinary dividend of 70cps has been declared.



Annual general meeting

The annual report will be mailed to shareholders along with the notice of annual general meeting. The annual general meeting will be held on 5 May 2014 at 14:00 at Metair's registered office, 10 Anerley Road, Parktown, Johannesburg.



Outlook

During 2014 Metair will be focusing intently on maximising the benefits of its international acquisitions, ensuring rapid and effective integration and entrenching the company's relevance in the new markets Metair has access to. Metair's performance in the year ahead is dependent upon, inter alia, the successful execution of Metair's strategy, OE volumes, a peaceful labour environment, efficiencies, internal inflation recoveries and the exchange rate. Subject to such factors Metair expects 2014's financial performance to be satisfactory.
25-Mar-2014
(Official Notice)
Metair hereby announces the resignation of Mr Brian Jacobs, the financial director of Metair. He will be replaced by Mr Sjoerd Douwenga effective 25 March 2014. Brian has agreed to a handover period as required by Metair to ensure a smooth and effective transition.
12-Mar-2014
(Official Notice)
Shareholders of Metair were referred to the following announcements

released on SENS on:

*19 December 2013 pertaining to Metair's application (acting through its subsidiary Metair Aku Holding A.S), in terms of Turkish regulations, to the Capital Markets Board of Turkey ("CMB") in respect of a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") ("MTO Transaction");

*10 February 2014 pertaining to the CMB's approval of the MTO Transaction;

*12 February 2014 pertaining to Metair's launch of the MTO Transaction; and

*19 February, 26 February and 5 March 2014 providing Shareholders with updates regarding the progress of the MTO.



Shareholders are hereby notified that:

*following the most recent SENS announcement of 5 March 2014, there has been an incremental uptake of TL2 936 473.00 of the nominal share capital of Mutlu Aku which constitutes an increase of 5.18% of the total outstanding share capital;

*after being open for acceptances for a period of twenty business days, the MTO closed yesterday, 11 March 2014;

*during the period of the MTO, acceptances were received from minority shareholders of Mutlu Aku holding 21.43% of the total outstanding share capital, representing 85.72% of the total shares in Mutlu Aku not held by Metair at the commencement of the MTO; and

*following the close of the MTO, Metair's equity interest in Mutlu Aku has increased to 96.43%.
05-Mar-2014
(Official Notice)
Shareholders of Metair are referred to the following announcements released on SENS on:

* 19 December 2013 pertaining to Metair's application (acting through its subsidiary Metair Aku Holding A.S), in terms of Turkish regulations, to the Capital Markets Board of Turkey ("CMB") in respect of a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") ("MTO Transaction");

* 10 February 2014 pertaining to the CMB's approval of the MTO Transaction; and

* 12 February 2014 pertaining to Metair's launch of the MTO Transaction.



Shareholders are notified that as of 4 March 2014 (being the fifteenth business day that the MTO has been open for acceptances), TL 9 213 724.87 nominal share capital representing 65.00% of the shares subject to the MTO and 16.25% of the total outstanding share capital have been received. This represents an incremental uptake of TL 489 671.00 nominal share capital of Mutlu Aku, which constitutes an increase of 0.86% of the total outstanding share capital from that disclosed in the announcement of 25 February 2014. This results in Metair's equity interest in Mutlu Aku increasing to 91.25% in the aggregate. The MTO will remain open for acceptance until 11 March 2014. Shareholders will be provided with a further update on SENS at the end of the MTO Transaction.
26-Feb-2014
(Official Notice)
Shareholders of Metair ("Shareholders") are referred to the following announcements released on the Stock Exchange News Service on:

* 19 December 2013 pertaining to Metair's application (acting through its subsidiary Metair Aku Holding A.S), in terms of Turkish regulations, to the Capital Markets Board of Turkey ("CMB") in respect of a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") ("MTO Transaction") ;

* 10 February 2014 pertaining to the CMB's approval of the MTO Transaction; and

* 12 February 2014 pertaining to Metair's launch of the MTO Transaction.



Shareholders are hereby notified that as of Tuesday, 25 February 2014 (being the tenth business day that the MTO has been open for acceptances), TL 8 724 053.87 nominal share capital representing 61.55% of the shares subject to the MTO and 15.39% of the total outstanding share capital have been received. As a result, Metair"s interest in Mutlu Aku will increase to 90.39%. The MTO will remain open for acceptance until 11 March 2014.



Shareholders will be provided with a weekly update on SENS during the period of the MTO Transaction.
19-Feb-2014
(Official Notice)
Shareholders of Metair are referred to the following announcements released on SENS on:

* 19 December 2013 pertaining to Metair's application (acting through its subsidiary Metair Aku Holding A.S), in terms of Turkish regulations, to the Capital Markets Board of Turkey ("CMB") in respect of a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu Aku") ("MTO Transaction");

* 10 February 2014 pertaining to the CMB's approval of the MTO Transaction; and

* 12 February 2014 pertaining to Metair's launch of the MTO Transaction.



Shareholders are notified that as of 18 February 2014 (being the fifth business day that the MTO has been open for acceptances), TL 8 498 656.87 nominal share capital representing 59.96% of the shares subject to the MTO and 14.99% of the total outstanding share capital have been received. As a result, Metair's interest in Mutlu Aku will increase to 89.99%. The MTO will remain open for acceptance until 11 March 2014.
12-Feb-2014
(Official Notice)
Shareholders of Metair ("Shareholders") are referred to the following announcements released on SENS on:

* 19 December 2013 pertaining to Metair?s application (acting through its subsidiary Metair Aku Holding A.S), in terms of Turkish regulations, to the Capital Markets Board of Turkey ("CMB") in respect of a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ("MTO Transaction"), and

* 10 February 2014 pertaining to the CMB's approval of the MTO Transaction.



Shareholders are hereby notified that the MTO Transaction launched on 12 February 2014 and will remain open for 20 business days until 11 March 2014. The offer price per share for the MTO Transaction has been fixed by the CMB at TRY 9.0706 per share for the duration of the MTO Transaction. Additional information pertaining to the determination of the offer price and the independent valuation report can be found in Turkish on the Turkish Public Disclosure Platform and at the following websites: www.mutlu.com.tr and www.isyatirim.com.tr. Shareholders will be provided with a weekly update on SENS during the period of the MTO Transaction.
10-Feb-2014
(Official Notice)
Shareholders of Metair (shareholders) are referred to the following announcements released on the SENS on:

*11 December 2013 pertaining to the acquisition by the Metair Group of the Mutlu Sale Shares in Mutlu Aku and the remaining shares in Mutlu Plastik, a category 1 transaction in terms of the Listings Requirements of the JSE Limited; and

*19 December 2013 pertaining to Metair?s application (acting through its subsidiary Metair Aku Holding A.S ("Metair Aku")), in terms of Turkish regulations, to the Capital Markets Board of Turkey (CMB) in respect of a mandatory tender offer (MTO) to the minority shareholders of Mutlu Aku (MTO Transaction).



The CMB has approved the MTO Transaction subject to the following conditions:

*The MTO price will be expressed in the Turkish Lira in an amount equal to USD 4.1185 per share ("MTO Price"), which will be finally determined using the higher of the Forex Buying rate quoted by the Central Bank of Turkey as at 11 December 2013 and the Forex Buying rate quoted by the Central Bank of Turkey announced on the business day immediately before the commencement date of the MTO Transaction.

*If the launch of the MTO is delayed beyond 13 February 2014 (being 45 business days from the date of transfer of the Mutlu Sale Shares and the remaining shares in Mutlu Plastik to Metair Aku which occurred on 11 December 2013), the MTO price will be adjusted to include interest which will be calculated as 30% higher than the weekly LIBOR rate as announced by The Banks Association of Turkey, for every day that the launch of the MTO is delayed.



If all the shares offered under the MTO is accepted, then the total consideration payable by Metair Aku will amount to USD 58 million. Shareholders will be advised from time to time of developments pertaining to the MTO.
02-Jan-2014
(Official Notice)
Shareholders of Metair were referred to the announcements released on MeSENS on 10 October 2013, 29 October 2013, 4 November 2013, 21 November 2013, 3 December 2013, 5 December 2013, 11 December 2013, and 19 December 2013 pertaining to, inter alia, the acquisition by the Metair Group of the Mutlu Sale Shares and the remaining shares in Mutlu Plastik and Mutlu Aku, a category 1 transaction in terms of the Listings Requirements of the JSE Ltd. ("Transaction"). As per the relevant clauses in the Share Purchase Agreement,

*based on the final net debt position of the Mutlu Group (comprising of Mutlu Holdings, Mutlu Aku, Turker Izabe, Mutlu Plastik, and Metropol), Metair Ak? Holding AS has paid USD2 000 000 to the sellers of the Mutlu Sale Shares on 27 December 2013 after the conditions specified for the net debt amounts have been met, and

*pursuant to the sale of certain non-core real estate assets owned by Mutlu Aku which occurred on 31 December 2013, Metair will pay the net proceeds from the sale of the real estate assets amounting to USD6 478 376.17 to the sellers of the Mutlu Sale Shares.



Shareholders will be informed of any further updates in relation to the Transaction in due course.
20-Dec-2013
(Official Notice)
Shareholders of Metair were referred to the announcements released on SENS on 10 October 2013, 29 October 2013, 4 November 2013, 21 November 2013, 3 December 2013, 5 December 2013 and 11 December 2013 pertaining to, inter alia, the acquisition by the Metair Group of the Mutlu Sale Shares and the remaining shares in Mutlu Plastik and Mutlu Aku, a category 1 transaction in terms of the Listings Requirements of the JSE Ltd.



Shareholders are hereby notified that closing of the transaction involving the Mutlu Sale Shares which occurred on 11 December 2013 has triggered an obligation to make a mandatory tender offer ("MTO") to the remaining minority shareholders in Mutlu Aku, as per the regulations of the Capital Markets Board of Turkey ("CMB"). As of 19 December 2013, Metair has applied to the CMB to make a MTO to the minority shareholders of Mutlu Aku.



Under CMB regulation, if a change of management control in a public company is triggered through the indirect acquisition of shares, one of the factors used to determine the tender offer price is a valuation report to be prepared by an institution complying with the CMB's guidelines. Is Yatirim Menkul Degerler AS ("Is Yatirim") has been appointed for this purpose and the valuation report prepared by Is Yatirim for 100% of Mutlu Aku corresponds to an equity value of USDD11 million (based on USD/TRY rate of 2.0423 as of 18 December 2013). The price implied by Is Yatirim?s report does not reflect the MTO offer price. However, this price is one of the factors that will be used by the CMB in determining the MTO offer price. Shareholders will be advised of any updates pertaining to the MTO in due course
12-Dec-2013
(Official Notice)
Shareholders of Metair are referred to the announcements released on the Stock Exchange News Service on 10 October 2013, 29 October 2013, 4 November 2013, 21 November 2013, 3 December 2013 and 5 December 2013 pertaining to, inter alia, the acquisition by the Metair Group of the Mutlu Sale Shares and the remaining shares in Mutlu Plastik and Mutlu Ak?, a category 1 transaction in terms of the Listings Requirements of the JSE Limited.



Shareholders are hereby notified that the acquisition of the Mutlu Sale Shares and the remaining shares in Mutlu Plastik is now complete. The Mandatory Tender Offer (MTO) process in relation to the remaining shares in Mutlu Ak? is expected to commence in the next few weeks and Shareholders will be advised of any updates pertaining to the MTO in due course.
05-Dec-2013
(Official Notice)
Shareholders of Metair were referred to the announcements released on SENS on 10 October 2013, 29 October 2013, 4 November 2013, 21 November 2013 and 3 December 2013 pertaining to, inter alia, the acquisition by Metair of the Mutlu Sale Shares and the remaining shares in Mutlu Plastik and Mutlu Ak?, a category 1 transaction in terms of the Listings Requirements of the JSE Ltd. ("Transaction").



Shareholders are hereby notified that all conditions precedent to the Transaction as set out in the share purchase agreement ("SPA") and summarised in the announcement dated 10 October 2013, have either been fulfilled or waived, as the case may be. Accordingly, the Transaction is now unconditional in accordance with the terms of the SPA.
03-Dec-2013
(Official Notice)
The shareholders of Metair ("Shareholders") are referred to the announcements released on the Stock Exchange News Service ("SENS") on 10 October 2013, 29 October 2013, 4 November 2013 and 21 November 2013 wherein Shareholders were advised that the company (acting through a subsidiary) entered into various agreements resulting in a category 1 acquisition in terms of the Listings Requirements of the JSE Ltd. ("Transaction"), as detailed in a circular to Shareholders dated 4 November 2013 ("Circular").



Shareholders are hereby notified that at the meeting of Shareholders held on Tuesday, 3 December 2013 ("General Meeting"), all the resolutions set out in the notice convening the General Meeting contained in the Circular were passed, without modification, by the requisite majority of votes.



The Chairman of the meeting advised Shareholders' that the board of directors of Metair ("Board") adopted a resolution on 26 November 2013 to confirm the Board's intention of limiting the scope of special resolution number 5 ("Resolution") pertaining to the approval of financial assistance by the company. The Board resolved that the authority granted by Shareholders in terms of the Resolution shall be exercisable only in respect of the Transaction and not in respect of any other matter or circumstance, in order to clarify the original intention of this resolution.



The Transaction is expected to be declared unconditional on Thursday, 5 December 2013, and Shareholders will be advised of any additional changes through the SENS.
29-Nov-2013
(Official Notice)
The board of directors of Metair announced the appointment of Mr Brand Pretorius as independent non-executive directors and Mr David Wilson as non-executive directors to the board with effect from 1 January 2014.
21-Nov-2013
(Official Notice)
Metair shareholders ("Shareholders") are referred to the announcements released on the Stock Exchange News Service of the exchange operated by the JSE Ltd. ("SENS") on 10 October 2013, 29 October 2013 and 4 November 2013 wherein Shareholders were advised that the Company (acting through a subsidiary) entered into various agreements resulting in a category 1 acquisition in terms of the Listings Requirements of the JSE Ltd. ("Transaction").



The Company announced to its Shareholders that the Turkish Competition Authority has cleared the Transaction. This is a significant milestone to the successful completion of the Transaction and Shareholders shall be informed in due course of any further developments through the SENS and in the South African press.
21-Nov-2013
(Official Notice)
Metair advised that it expects the group's headline earnings and earnings per share for the financial year ending 31 December 2013 to be at least 20% lower than those reported for the previous corresponding period ended 31 December 2012. The decrease in earnings is primarily attributable to the negative effects of the 8 week industry wide strike and the transaction costs incurred during the Mutlu acquisition. The forecast earnings do not take into account any earnings attributable to the Mutlu Group.



Further detailed guidance regarding the results for the year ending 31 December 2013 will be published once the group obtains additional certainty in this regard. It is anticipated that the group's results will be published towards the end of March 2014.
04-Nov-2013
(Official Notice)
Metair shareholders ("Shareholders") are referred to the announcements released on the Stock Exchange News Service of the exchange operated by the JSE Ltd. on 10 October 2013 and 29 October 2013 wherein Shareholders were advised that the Company (acting through a subsidiary) had entered into various agreements resulting in a Category 1 acquisition in terms of the Listings Requirements of the JSE Ltd. ("Transaction").



Shareholders are advised that a circular setting out the details relating to the Transaction and incorporating revised listings particulars and a notice of general meeting of Shareholders ("General Meeting"), has been posted to the Shareholders today, Monday, 4 November 2013 (the "Circular") and is available on Metair's website at www.metair.co.za.



Notice of General Meeting

The General Meeting will be held at 10:00 on Tuesday, 3 December 2013, at Southern Sun O.R. Tambo International Airport, Airport Grounds, Jones Road, O.R. Tambo International Airport, Kempton Park, South Africa, to consider and, if deemed fit, approve with or without modification the resolutions set out in the notice of the General Meeting included in the Circular.
30-Oct-2013
(Official Notice)
Shareholders are referred to the Initial Announcement, and are advised that, following the release of the financial effects in respect of the Transaction, caution is no longer required to be exercised by Shareholders when dealing in their Metair shares.
30-Oct-2013
(Official Notice)
10-Oct-2013
(Official Notice)
Investors and analysts are referred to the announcement by the Company on the Stock Exchange News Service earlier today, 10 October 2013, with regards to the proposed acquisition by the Company of, inter alia, 100% of Mutlu Holding, which owns 75% of the Borsa Istanbul listed Mutlu Aku ("Transaction").



Mutlu Aku is the leading lead-acid battery manufacturer and distributor in Turkey and the Middle East and holds controlling interests in Plastik, Izabe and Metropol, which provide support to Multu Aku's battery manufacturing businesses.



The consideration for the Transaction is an amount of R2.17 billion excluding the amounts pertaining to the acquisition of the remaining Plastik shares and Metair's commitments in terms of a mandatory tender offer, which is required to be extended to the remaining shareholders of Mutlu Aku pursuant to Turkish laws and regulations.



Shareholders are advised that the Company will be hosting a teleconference at 10h00 (SA time) on 11 October 2013 to provide investors and analysts with additional background on the Transaction and an opportunity to participate in a question and answer session with Metair management. The call will be hosted by Theo Loock (Managing Director: Metair), Brian Jacobs (Financial Director: Metair) and Dr Louis Denner (Managing Director: First National Battery).



Should you wish to join the call, please dial:

*South Africa - Johannesburg -- 011 535 3600 or 010 201 6800

*South Africa - Cape Town -- 021 819 0900

*UK (Toll-free) -- 0808 162 4061

*USA and Canada (Toll-free) -- 1 800 921 0864

*Other Countries (Intl. Toll) -- +27 11 535 3600 or +27 10 201 6800
10-Oct-2013
(Official Notice)
Further information, including the pro forma financial effects of the Mutlu acquisition/transaction, together with a detailed timetable pertaining to the transaction, will be published in due course. Shareholders are advised to continue exercising caution when dealing in Metair securities until a further announcement which includes the abovementioned pro forma financial effects is published.
10-Oct-2013
(Official Notice)
09-Sep-2013
(Official Notice)
Shareholders are advised that the Company is engaged in discussions in relation to an offshore acquisition which, if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.
29-Aug-2013
(C)
Revenue for the interim period ended 30 June 2013 increased to R2.5 billion (2012: R2.2 billion). Gross profit rose to R519.6 million (2012: R503.9 million), operating profit climbed to R274.2 million (2012: R267.1 million), and profit for the period attributable to equity holders of the company increased to R209.5 million (2012: R202.4 million). Furthermore, headline earnings per share remained stable at 143cps (2012: 143cps).



Prospects

As the automotive industry approaches the end of its three-year wage agreement, Metair and the industry as a whole, enters a critical phase regarding labour relations. The industry participants are currently engaged in negotiations and we hope that in the absence of prolonged industrial unrest, production levels could be maintained at the 2012 level. Metair remains committed to executing its strategy and achieving key performance criteria for 2013. The Group will continue to actively pursue both local and international acquisition opportunities which meet the criteria established in accordance with such strategy and key performance measures. Metair's performance is dependent upon, inter alia, the successful execution of its strategy, OE volumes, a peaceful labour environment and the exchange rate. Subject to such factors, the outlook for the remainder of the Group's financial year lies within management's expectations.





02-May-2013
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders held at the registered offices of the Company on 2 May 2013, all the ordinary and special resolutions as set out in the notice of annual general meeting and tabled for voting, were passed by the requisite majority of shareholders present or represented by proxy, without modification.
18-Mar-2013
(C)
Revenue increased to R5.3 billion (R4.3 billion) whilst gross profit rose to R1.2 billion (R917.4 million). Operating profit grew to R668.4 million (R576.2 million). Profit attributable to equity holders jumped to R440.5 million (R408.4 million). In addition, headline earnings per share shot up to 310 cents per share (260 cents per share).



Dividend No. 62

Notice was given that a gross cash dividend of 95 cents per share has been declared by the board in respect of the year ended 31 December 2012.



Annual general meeting

The annual report will be mailed to shareholders by 22 March 2013 along with the notice of annual general meeting.



The annual general meeting will be held on 2 May 2013 at 14:00 at Metair Investments Ltd.'s registered office, 10 Anerley Road, Parktown, Johannesburg.



Prospects

The dominant automotive markets that the group operates in seem to have stabilised, with vehicle production volumes set to continue at the current levels with a potential for a slight increase in volumes from American-based vehicle manufacturers. The challenges with regard to Metair's base currencies (South African Rand and Romanian Lei) will remain as currency volatility increases and Metair battles inflationary pressures. The expansion of the product approval for our Start/Stop battery will be a major drive in 2013 as we target moderate market penetration by 2016.



The group will continue to target strategic acquisitions in the aftermarket and non-automotive business where Metair can take advantage of its technological expertise and balance sheets at the holding company and/or subsidiary company level.



Maintaining ourselves in the coming period is going to be challenging and would require continued demand for local vehicle production and aftermarket products supported by our increased product offering and market penetration. A stable and non-disruptive labour environment combined with reasonable currency stability will be desirable.
17-Aug-2012
(C)
Revenue for the interim period ended 30 June 2012 increased to R2.6 billion (2011: R2.1 billion). Gross profit rose to R585.4 million (2011: R467.6 million), operating profit climbed to R325.4 million (2011: R307.8 million), but profit for the period attributable to equity holders of the company fell to R202.4 million (2011: R208 million). Furthermore, headline earnings per share grew to 143cps (2011: 128cps).



Prospects

Metair is entering a critical phase as they target the full integration of Rombat into the Group and compete for major business relating to future vehicle launches in South Africa. These planned vehicle launches will lay the foundation for the local vehicle production volumes under the new Automotive Production and Development Programme that takes effect from January 2013. The new programme will operate from 2013 to 2020. A number of local vehicle manufacturers are currently studying the feasibility of increasing their local production volumes over the next two years. Although Metair's performance is dependent on, inter alia, the successful execution of our strategy, OE volumes and the exchange rate, we expect performance for the full year to be satisfactory.
02-May-2012
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders held at the registered offices of the company on 2 May 2012, all the ordinary and special resolutions as set out in the notice of annual general meeting and tabled for voting, were passed by the requisite majority of shareholders present or represented by proxy, without modification.
28-Mar-2012
(Official Notice)
Metair shareholders are advised that Prince B Molotlegi has resigned as a non- executive director of the company with effect from 27 March 2012.
26-Mar-2012
(Official Notice)
Metair shareholders are advised that Metair's audited annual financial statements for the year ended 31 December 2011 as contained in the annual report ("annual report") will be distributed to shareholders by registered mail on Tuesday, 27 March 2012. The annual report is available on the company's website at www.metair.co.za.
23-Mar-2012
(Official Notice)
Shareholders were advised in the abridged audited results for the year ended 31 December 2011, which were published on the SENS on 6 March 2012, that the board was considering the declaration of a dividend. Further to this, notice is hereby given that a final ordinary dividend of 72 cents per ordinary share has been declared in respect of the year ended 31 December 2011.

*The last date to trade cum dividend will be -- Friday, 13 April 2012.

*Trading will commence ex dividend from -- Monday, 16 April 2012

*The record date will be -- Friday, 20 April 2012.

*The date of payment will be -- Monday, 23 April 2012.



Share certificates may not be dematerialised or re-materialised between Monday, 16 April 2012 and Friday, 20 April 2012, both days inclusive.
22-Mar-2012
(Official Notice)
First National Battery ("FNB"), leading manufacturer and distributor of lead acid batteries in South Africa and a subsidiary of JSE listed Metair, is proud to announce that it has successfully completed a pre-series production run order for Valve Regulated Lead Acid ("VRLA") batteries for the new BMW 3 Series vehicles. This resulted in BMW Germany authorising the release for the H8 90Ah VRLA batteries with Absorbent Glass Mat ("AGM") technology on 14 March 2012.



The BMW 3 Series is one of the first ranges of vehicles with full start/stop technology to be produced in South Africa. Vehicles with start/stop technology use a combination of internal combustion and battery power to considerably reduce fuel consumption, especially in heavy urban traffic, during peak hours. This environmentally compatible mode of mobility reduces emissions but intensifies the performance demands on automotive batteries. To enhance efficiency, the engines of start/stop vehicles switch off automatically every time the vehicle stops in traffic. Then, when the accelerator is depressed, the battery restarts the engine. The function of a battery for start/stop vehicles has therefore changed from simply starting the engine, to regular discharge and recharge states known as start/stop cycling. Unlike traditional batteries, stop/start batteries operate in a partial state of charge and need to be robust not only for restarting the engine regularly but also to ensure continuous power to electronic components, car lights and air conditioners. These vehicles also use regenerative braking technology to recharge the battery.



Batteries with AGM technology are optimised for these high charging and starting currents, and cycling regimes. The batteries deliver up to 30% more starting current and last up to three times longer than conventional lead acid batteries under these cycling conditions, thus offering a significantly increased service life.



VRLA batteries are vibration resistant. The battery plates are compressed between the AGM separators and are therefore cushioned from damage caused by potholes and rough outdoor terrain. They are also spill proof, which means that the battery won't leak, even if accidentally punctured. The VRLA battery is also available in the aftermarket as the Raylite Ultimate battery.
15-Mar-2012
(Official Notice)
Metair shareholders are referred to the announcement published on SENS on Thursday, 15 March 2012 regarding the acquisition by Metair of a 99.1% interest in Rombat SA, and are hereby advised that the approval of the South African Reserve Bank, being the only condition precedent pertaining to part two of the transaction, has been obtained. The terms defined in the Announcement bear the same meanings herein.
15-Mar-2012
(Official Notice)
Further to the Rombat acquisition announcement, shareholders were advised that they no longer need to exercise caution when dealing in Metair's securities.
15-Mar-2012
(Official Notice)
Further to the cautionary announcement published on SENS on 23 February 2012, Metair shareholders ("shareholders") are advised that the company, through its wholly-owned subsidiary, Metair International Holdings Cooperatief UA ("Metair International"), has for a total consideration of EUR42 800 571 ("purchase price"):

*purchased a 90.05 percent interest in Rombat SA ("Rombat"), a Romanian private company from Trebela Ltd, Mr Dorel Goia, Mr Ioan Repede, members of management who are shareholders in Rombat and certain minority shareholders of Rombat ("Part One"); and

*agreed to purchase a 9.09 percent interest in Rombat from the remaining minority shareholders ("part two"), on the terms set out below ("transaction").



Nature of business of Rombat

Rombat manufactures automotive lead-acid batteries. The company was founded in 1980 and is the largest lead-acid battery manufacturer in Romania, producing a comprehensive range of over 2 million batteries per year from its plants in Bistrita.



Payment of the purchase price

EUR1 million of the purchase price has been paid by Metair International as a deposit. The balance of the purchase price will be settled as follows:

*EUR37 745 025 on or before Thursday, 22 March 2012 ("payment date") of which EUR2 million will be placed into escrow;

*EUR3 029 203 on 30 March 2012 subject to the condition precedent detailed in paragraph 4 below being fulfilled ("closing date"); and

*EUR1 026 343, together with interest in euros accrued on such amount at the London Inter-Bank Offered Rate shall be paid on 17 July 2013.



Metair has hedged the payment of the purchase price in order to limit any currency risk attached to the transaction. The acquisition has been funded from existing cash resources and third party debt.



Condition precedent

Part one of the transaction is unconditional and part two is subject to the approval of the South African Reserve Bank.



Effective date

The effective date for part one of the transaction will be on the payment date and for part two the effective date will be on the closing date.



Presentation

There will be a presentation on Monday, 26 March 2012 by Metair management in Johannesburg at 11:00 at the Crowne Plaza Rosebank Hotel, Pula Room.
07-Mar-2012
(Media Comment)
Business Day highlighted that Metair produced an excellent set of financial results for the year to December, with headline earnings per share shooting up 38%.The company said it was focussing on growing the after- market and non-automotive areas of the business to diversify its earnings base. Metair MD Theo Loock said the non-auto-motive areas contributed about 10% of group revenue and margins had returned in this business. Mr Loock also added that the European debt crisis, the tsunami in Japan and floods in Thailand had shown how resilient both the global automotive industry and Metair were in the face of adversity.
06-Mar-2012
(C)
Revenue for the year ended 31 December 2011 rose to R4.3 billion (2010: R3.8 billion). Gross profit increased to R917.4 million (2010: R794.2 million), while operating profit soared to R576.2 million (2010: R402.9 million), while profit attributable to equity holders of the company jumped to R408.4 million (2010: R277.7 million). Furthermore, headline earnings per share grew to 260cps (2010: 189cps).



Dividend

The board is currently considering the declaration of a dividend and a further announcement will be made in this regard.



Prospects

The South African automotive market is inextricably linked to global developments and while Metair sees the OE market as being flat for 2012, they expect some growth from the aftermarket sector on the back of strong sales of new vehicles in the years preceding the global financial crisis. Despite the many challenges facing the industry, the board believes that the group should sustain its performance in 2012. Volume and exchange rate fluctuations continue to influence the group's performance. Metair's focus for the coming year is on executing their strategy effectively developing markets for the new Start/Stop batteries.



Notice of AGM

The annual report will be mailed to shareholders by 28 March 2012 along with the notice of annual general meeting. The annual general meeting will be held on 2 May 2012 at 14h00 at Metair Investments Limited, 10 Anerley Road Parktown, Johannesburg.
05-Mar-2012
(Official Notice)
Metair shareholders are referred to the updated trading statement announcement published on SENS on 21 February 2012 wherein they were advised that the results for the year ended 31 December 2011 ("results") would be published on or about Monday, 12 March 2012. The results have been finalised sooner than expected and will, therefore, now be published on SENS on Tuesday, 6 March 2012 and in the financial press the following day. Invitation details for the presentation of the results highlights, (previously to be held in Johannesburg on Tuesday, 13 March 2012 and now to be held in Johannesburg on Monday, 26 March 2012), will be re-sent through the Investment Analysts Society and College Hill in due course.
23-Feb-2012
(Official Notice)
Metair shareholders ("shareholders") are referred to the cautionary announcement published on SENS on 14 October 2011 and in the press on 17 October 2011, wherein they were advised that the company has entered into negotiations for the acquisition of a controlling interest in a complementary business and the renewal of cautionary announcements published on SENS on 25 November 2011 and 12 January 2012 and in the press on 28 November 2011 and 13 January 2012, respectively, which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement in this regard is made.
21-Feb-2012
(Official Notice)
Shareholders are referred to the trading statement published on SENS on 15 December 2011 where the group advised that it expected the group's headline earnings per share ("HEPS") and basic earnings per share ("EPS") for the year ending 31 December 2011 to be at least 20% higher than those of the previous corresponding period ended 31 December 2010, and are advised that this trading statement constitutes the further guidance referred to therein. As the group has now obtained a reasonable degree of certainty regarding its results for the year ended 31 December 2011, an updated trading statement is provided below.



Headline earnings

Metair advises shareholders that it expects the group's HEPS for the year ended 31 December 2011 to be between 251 cents and 269 cents, compared to the 187 cents for the previous corresponding period.



Basic earnings

EPS is expected to be between 279 cents and 299 cents compared to the 195 cents for the previous corresponding period. The difference between headline and basic earnings is primarily the profit recognised on the plant and equipment destroyed in the fire at the First National Battery Plant in Benoni as announced on 5 May 2011.



Fire at First National Battery

Despite the board of directors of Metair having a reasonable degree of certainty with respect to the expected HEPS and EPS figures as detailed above, the full effect of the fire on the group's results, has yet to be finalised. It is anticipated that results for the year ended 31 December 2011 will be published on or about 12 March 2012.
05-Dec-2011
(Official Notice)
Notice was given that the general meeting of Metair shareholders ("shareholders") will be held in the boardroom, Wesco House, 10 Anerley Road, Parktown, Johannesburg, on Tuesday, 17 January 2012, at 10:00 for the purpose of considering and, if deemed fit, passing, with or without modification, a special resolution relating to the provision of inter-group financial assistance by the Company. The notice of general meeting was posted to shareholders on Monday, 5 December 2011.
25-Nov-2011
(Official Notice)
Metair shareholders were referred to the cautionary announcement published on SENS on 14 October 2011 and in the press on 15 October 2011, wherein they were advised that the Company has entered into negotiations for the acquisition of a controlling interest in a complementary business ("the transaction") which, if successfully concluded, may have a material effect on the price of the company's securities. Shareholders are advised that negotiations pertaining to the transaction are progressing well but that final terms of the transaction have not yet been agreed. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement in this regard is made.
14-Oct-2011
(Official Notice)
Metair shareholders ("shareholders") were advised that the company has entered into negotiations for the acquisition of a controlling interest in a complementary business which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a further announcement in this regard was made.
22-Aug-2011
(Media Comment)
According to Business Report, Metair investments, the listed car component manufacturer, has crawled back about 1000 of 3500 jobs it lost during the global financial crisis. However, the group is considering merging and rationalising its two plastics businesses, which is likely to lead to some job losses. Theo Loock, Metair's managing director, said last week that there was deep cost cutting and installation of volume flexibility within the group during the 2008 global financial crisis, which meant it was better able to manage the impact of the current global debt crisis. If the global financial crisis had not happened, the latest global market turmoil would have been a crisis for the group, he said. Loock said the new jobs created were across all the group's businesses and admitted that the restructuring of its two plastics businesses obviously would not come without pain. There were likely to be retrenchments across all sectors of these businesses, but management and higher levels were always affected and even more so when two businesses merged, he said.
17-Aug-2011
(C)
Revenue improved to R2.1 billion (2010: R1.8 billion), while gross profit also grew to R467.6 million (2010: R381.4 million). Operating profit jumped considerably to R307.8 million (2010: R179.1 million). Net profit attributable to ordinary shareholders of the company also rose significantly to R208 million (2010: R124.4 million). Furthermore, HEPS improved to 128cps (2010: 89cps).



Dividend

No dividend has been declared for the period under review.



Prospects

The second half of the year will be challenging as OE volumes are expected to be lower than the first half and cost push inflation may impact on margins. Notwithstanding the above, the Group is well positioned to produce a satisfactory result in the second half of the year.
10-Aug-2011
(Official Notice)
In terms of the JSE Limited 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 differ by more than 20% from those of the previous corresponding period.



Shareholders are referred to the trading statement published on SENS on 14 June 2011 where the Group advised that it expected the group's headline earnings per share ("HEPS") and basic earnings per share ("EPS") for the six months ending 30 June 2011 to be higher by at least 40% and 45% respectively, compared to the previous corresponding period, and are advised that this trading statement constitutes the further guidance referred to therein. As the group has now obtained additional certainty regarding its results for the six months ended 30 June 2011, an updated trading statement is provided below.



Headline Earnings

Metair advises its' shareholders that it expects the Group`s HEPS for the six months ended 30 June 2011 to be between 122 cents and 134 cents, compared to the 89 cents for the previous corresponding period.



Basic Earnings

EPS is expected to be between 140 cents and 154 cents compared to the 87 cents for the previous corresponding period. The EPS is higher than HEPS due to the profit on property, plant and equipment relating to the insurance proceeds for the fire at First National Battery.



It is anticipated that results for the six months ended 30 June 2011 will be published on or about 18 August 2011. The above information has not been reviewed or reported on by the group's external auditors.
14-Jun-2011
(Official Notice)
Metair is expected to produce solid operating results for the financial period ending 30 June 2011 despite the uncertainty brought about as a result of the fire at the First National Battery ("FNB") plant in Benoni, as announced on SENS on 5 May 2011, and the earthquake and subsequent tsunami in Japan. Accordingly, Metair is pleased to advise its shareholders that it is reasonably certain that the group's headline earnings per share ("HEPS") and earnings per share ("EPS") for the six months ending 30 June 2011, will be higher by at least 40% and 45% respectively, compared to the previous corresponding period.



The EPS expectation remains subject to the finalisation of Metair's best estimate of the insurance proceeds relating to the property, plant and equipment ("PPE") portion of the insurance claim relating to the fire at FNB. The best estimate of the amount payable to Metair by its insurers in respect of the damaged PPE will be recognised as income in accordance with International Financial Reporting Standards. For the purposes of this trading statement the insurance proceeds relating to the PPE portion of the insurance claim have been assumed to be the net book value of the affected PPE. However the proceeds, once finally determined, are expected to be higher than the book value as they will represent replacement value. A further trading update will be published by Metair once further certainty regarding the insurance proceeds value, and the actual operating results for the six months ending 30 June 2011 is obtained.
05-May-2011
(Official Notice)
Metair informed shareholders that it had a fire at its First National Battery's ("FNB") Benoni plant on Saturday, 30 April 2011. Metair is grateful that there were no injuries or fatalities as a consequence of the fire. The fire damaged one warehouse of 6 000 square meters that housed some of FNB's battery formation (charging) capacity and unformed battery stock. Damage to fixed property, stock, plant and machinery is estimated at between R80 million and R100 million. FNB is currently formulating this part of the insurance claim. FNB has backup contingency plans in place and expects to be at close to 90% of pre-fire formation (charging) capacity by early June 2011. FNB carries insurance for loss of profits and is working with the insurance assessors to formulate the claim.



None of FNB's lead smelting and refinery capacity, which is housed on the same property, was damaged. Production and formation facilities at FNB's East London facility are fully operational and are in the process of executing the backup contingency plan. At the time of the announcement of Metair's full year result for 2010 shareholders were advised that management would only know what effect the earthquake and tsunami in Japan would have on the production volume in South Africa by the end of May 2011. The group has no further information to report in this regard at this time.
04-May-2011
(Official Notice)
Shareholders were advised that, at the annual general meeting of shareholders held at the registered offices of the company on 4 May 2011, all the ordinary resolutions and special resolution as set out in the notice of annual general meeting and tabled for voting, were passed by the requisite majority of shareholders present or represented by proxy, without modification.
15-Mar-2011
(C)
Revenue increased from R3 342 million to R3 753 million in 2010. Gross profit increased to R794.2 million (2009: R535 million) and operating profit increased to R402.9 million (2009: R142 million). Profit attributable to ordinary shareholders increased to R277.7 million (2009: R52.2 million). Headline earnings per share increased to 189cps (2009: 67cps).



Dividend

A final dividend of 65cps was declared for the period under review.



Prospects

There is an improved outlook in the short to medium term for the OE industry, and the high vehicle sales in 2007 and 2008 have laid the platform for growth in the aftermarket sector. Through the focus on a balance between our OE and aftermarket businesses, selective capacity expansion and new products, Metair is well positioned to benefit from this improved industry outlook. Although much depends on OE volumes, the Rand exchange rate and a sustained economic recovery, management is cautiously optimistic that it can build on the performance achieved in 2010. Management remains committed to a continued improvement in cost competitiveness and manufacturing and logistical excellence including further rationalisation and consolidation in our plastics business.



Strategic acquisitions to expand the group's product offering, particularly in the aftermarket sector, will be actively pursued where the group can take advantage of its technological advantages and robust balance sheet. We have returned balance to our businesses and we are now well positioned to respond to market and customer requirements, with small effective and efficient alignments rather than large interventions. The information in the commentary above has not been reviewed or reported on by the group's auditors.



Annual General Meeting

The annual report will be mailed to shareholders by 31 March 2011 along with the notice of the annual general meeting. The annual general meeting will be held on 4 May 2011 at 14:00 at Metair Investments Limited, 10 Anerley Road, Parktown, Johannesburg.
15-Mar-2011
(Official Notice)
Results presentations regarding the Metair abridged audited results for the year ended 31 December 2010 ("results presentations")



Details of the results presentations are as follows:

Date: Wednesday, 16 March 2011

Time: 07:30 for 08:00 until 10:00

Venue: Radisson Blu Hotel Sandton, Cnr Rivonia Road and Daisy Street, Sandton

Date: Thursday, 17 March 2011

Time: 07:30 for 08:00 until 10:00

Venue: Vineyard Hotel and Spa, Colinton Road (off Pretoria Road), Newlands

22-Feb-2011
(Official Notice)
Shareholders are referred to the trading statement published on SENS by the group on 22 November 2010 where the group advised that it expects the group's headline earnings per share ("HEPS") and basic earnings per share ("EPS") for the year ending 31 December 2010 to be greater than 170 and 175 cents per share, respectively, compared to HEPS of 67 cents and EPS of 37 cents for the year ended 31 December 2009, respectively, and are advised that this trading statement constitutes the further guidance referred to therein. As the group has now obtained additional certainty regarding its results for the year ended 31 December 2010, an updated trading statement is provided.



Headline earnings

Metair advised its' shareholders that it expects the group's HEPS for the year ended 31 December 2010 to be between 183 cents and 196 cents, compared to the 67 cents for the previous corresponding period.



Basic earnings

EPS is expected to be between 194 cents and 201 cents compared to the 37 cents for the previous corresponding period. It is anticipated that results for the year ended 31 December 2010 will be published on or about 15 March 2011.
22 Nov 2010 16:25:58
(Official Notice)
Metair advised shareholders that it expects the group's headline earnings per share and earnings per share for the year ending 31 December 2010 to be greater than 170 and 175 cents per share, respectively, compared to headline earnings of 67 cents and earnings of 37 cents per share for the year ended 31 December 2009. Further guidance regarding the results for the year ending 31 December 2010 will be published once the group obtains additional certainty in this regard. It is anticipated that the results for the year ending 31 December 2010 will be published on or about 22 March 2011.
12 Aug 2010 15:17:08
(C)
Revenue improved to R1.8 billion (2009: R1.6 billion), gross profit also grew to R381 million (2009: R220 million). Operating profit jumped considerably to R179 million (2009: loss of R1.5 million). Net profit attributable to ordinary shareholders of the company also rose significantly to R124 million (2009: loss of R27 million). Furthermore, HEPS improved to 89cps (2009: loss of 3cps).



Dividend

A special dividend of 60 cents per ordinary share has been declared in respect of the period under review.



Prospects

Performance in the second half of the year is dependent on OE production volumes and demand sustaining itself at current levels in a stable rand exchange rate environment that's comparable with the first half exchange rates. Metair's current view on total vehicle production for the year is approximately 422 000 vehicles for passenger and light commercial vehicles. In a stable volume, labour and exchange rate environment, backed by continued strong demand in the aftermarket segment, performance in the second half should be comparable to that of the first half. The group is currently engaged in tough annual wage negotiations. Any labour action during the period will be disruptive for Metair and the industry.



Trading update

Accordingly, Metair shareholders are advised that the group has reasonable certainty that the group's earnings for the year ending 31 December 2010 will be positively impacted by at least 20%. Accordingly, the group will issue a further announcement once it has achieved certainty regarding the range of expected profitability. This trading statement has not been reviewed or reported on by Metair's auditors.
05 Aug 2010 08:12:20
(Official Notice)
Shareholders were referred to the trading statement dated 17 June 2010 whereby shareholders were advised that Metair's interim results for the six months ended 30 June 2010 will be available on or around 24 August 2010. Please note that the results will be available on SENS the afternoon of the 12 August 2010 and in the press on 13 August 2010. Shareholders were advised that a conference call will be held on Friday 13 August 2010 at 10h00 to discuss the group's interim results for the six months ended 30 June 2010. A presentation to be discussed during the audio conference will be available on Metair's website, www.metair.co.za from 08h00 on Friday 13 August 2010.
17 Jun 2010 11:09:04
(Official Notice)
Metair advises that it expects the group's headline earnings per share and earnings per share to be between 74 and 89 cents per share, compared to headline loss per share of 3 cents and a loss per share of 19 cents for the previous corresponding period. The improved financial performance in the first half of the year can be attributed to the positive financial effects resulting from the restructuring initiatives implemented during the 2009 financial year, increased demand for the group's aftermarket products and better than expected original equipment (OE) production volumes.



The higher OE production volumes resulted from factors such as the launch of 2 new models and higher than normal fleet and car hire vehicle purchases ahead of the FIFA World Cup. Some of these events will not necessarily replicate themselves in the second half of the year and profitability in the second half will be dependent upon, inter alia OE production volumes and margin management. It is anticipated that the results for the half year ended 30 June 2010 are expected to be published on or about 24 August 2010.

05 May 2010 15:43:31
(Official Notice)
Shareholders are advised that, at the general meeting of shareholders held at the registered offices of the company today, all the resolutions as set out in the notice of general meeting contained in the circular to shareholders dated 7 April 2010, were duly passed by the requisite majority votes. The special resolution in terms of a specific authority to repurchase 10 million ordinary shares in the company is in the process of being submitted to the Companies and Intellectual Property Registration Office for registration.
05 May 2010 15:41:34
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders held at the registered offices of the company today, all the ordinary and special resolutions as set out in the notice of annual general meeting contained in the company's 2009 annual financial statements, were duly passed by the requisite majority votes. The special resolutions in terms of placing the unissued shares under the control of the directors and a general authority to repurchase the company's shares are in the process of being submitted to the Companies and Intellectual Property Registration Office for registration.
29 Mar 2010 12:46:12
(Official Notice)
Shareholders were advised that Metair had entered into an agreement on Friday, 26 March 2010 with The Metair Share Incentive Trust ("the share trust") for the repurchase by Business Venture Investments No 1217 (Pty) Ltd, a wholly-owned subsidiary of Metair, of 10 million Metair ordinary shares from the share trust at a price of R5.85 per share ("the repurchase agreement"), subject to the terms and conditions.



Rationale and terms

The share trust currently holds 10 million Metair ordinary shares and the board of directors of Metair ("the board") proposes the repurchase of the Metair ordinary shares for a total consideration of R58.5 million representing a discount of nil percent to the 20-day volume weighted average price of Metair ordinary shares at Thursday, 24 March 2010. Upon completion of the repurchase, the group intends to hold the shares acquired in the repurchase as treasury stock for the purposes of the The Metair Share Investments Ltd 2009 share plan (approved by shareholders during December 2009) and other corporate activity which the group may consider from time to time.



Conditions precedent

The repurchase is subject to the resolutions contained in the notice of general meeting being passed by shareholders and, were applicable, registered by the Companies and Intellectual Property Registration Office.



Salient dates and times

* Circular posted to shareholders on or about Wednesday, 31 March

* Forms of proxy for General Meeting of shareholders to be received by 14h30 on Monday, 3 May

* General meeting of shareholders held at 14h30 or immediately following the annual general meeting of the company on Wednesday, 5 May

* Results of general meeting announcement published on SENS on Wednesday, 5 May

* Results of general meeting announcement published in the press on Thursday, 6 May
25 Mar 2010 09:18:43
(Official Notice)
Shareholders are referred to the announcement dated 19 March 2010 whereby shareholders were provided with details in terms of an audio conference at 11h00 on Thursday, 25 March 2010 for investors to discuss the audited results of Metair for the year ended 31 December 2010, released on 18 March 2010. Shareholders are advised that a presentation to be discussed during such audio conference will be available on the company's website, www.metair.co.za from 10h00 on 25 March 2010.
19 Mar 2010 12:44:01
(Official Notice)
Shareholders are referred to the abridged audited results of Metair for the year ended 31 December 2009 released on 18 March 2010 and are advised that the annual financial statements of Metair for such period is available on the company's website - www.metair.co.za The annual report for the year ended 31 December 2009 will be posted to shareholders on or about 31 March 2010.



An audio conference for investors to discuss the audited results have been set up for 25 March 2010 at 11h00 with the following dial-in numbers:

*JHB:011-535-3600

*CTN:021-819-0900

*DBN:031-812-7600

*SA TF:0-800-200-648

*UK TF:0-800-917-7042

*AU TF:1-800-350-100

*Other:+27-11-535-3600
18 Mar 2010 11:22:29
(C)
Revenue decreased from R4 180 million to R3 342 million in 2009.Gross profit decreased to R534.9 million (2008:R684.1million) and operating profit increased to R141.9 million (2008:R94.3 million). Profit attributable to ordinary shareholders increased to R52.2 million (Loss:R13.0 million). Headline earnings on a per share basis decreased to 67cps (74cps).



Dividends per share

A final dividend of 15 cps was declared for the period under review.



Prospects

Metair's prospects are dependent upon OE production volumes, the rand exchange rate and general economic growth. The aftermarket and non-auto segments, which are dependent on general economic growth, have planned for improved performances in 2010. The export market will remain under pressure. Metair's current view is that 400 804 vehicles will be produced in South Africa in 2010, an increase of 13%, compared to 2009. If these production volumes are achieved and the group can maintain its gross margin percentage the group should show meaningful growth during 2010. A competitive exchange rate is important if the South African component industry is to remain globally competitive. Shareholders are advised that a conference call will be held on Thursday 25 March 2010. Details of the conference call will be sent via SENS and posted on our website.



Annual General Meeting

The annual report will be mailed to shareholders by 31 March 2010 along with the notice of Annual General Meeting. The Annual General Meeting will be held on 5 May 2010 at 14:00 at Metair Investments Limited, 10 Anerley Road, Parktown, Johannesburg.
04 Dec 2009 10:33:47
(Official Notice)
Metair announced that at the Metair general meeting held on Friday, 4 December 2009, 94% of shareholders present or represented thereat voted in favour of the ordinary resolutions contained in the notice of general Meeting pertaining to the approval of the Metair Investments Ltd 2009 share plan ("the plan"). Accordingly, the plan has been implemented by the company.
03 Dec 2009 09:55:31
(Official Notice)
Shareholders of Metair are advised that the following non-executive directors have resigned from the Metair board of directors with effect from 1 January 2010:

*AD Plummer

*GMC Ryan

*L Ndalla
19 Nov 2009 12:26:51
(Official Notice)
Shareholders of Metair are advised that a circular containing the details of The Metair Investments Ltd 2009 Share Plan ("the plan") will be posted to shareholders on Thursday, 19 November 2009. The circular will include a notice to shareholders convening a general meeting to be held at 09:00 on Friday, 4 December 2009 in the boardroom of Metair, 10 Anerley Road, Parktown to consider and if deemed fit to pass, with or without modification, the ordinary resolutions relating to the plan.
27 Aug 2009 18:05:01
(C)
Revenue decreased by 19% from R2.0 billion to R1.6 billion in 2009.Gross profit decreased by 29% to R220.9 million (2008:R313.1 million). Profit attributable to ordinary shareholders decreased to -R27.3 million (R75.1 million).Headline earnings on a per share basis decreased to -3cps (53cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

At year-end Metair was of the opinion that the projected decline in the production of vehicles in South Africa will be 28% to 375 000 vehicles. The current view is that a full year-on-year decline of closer to 37% to 331 000 vehicles is more realistic. Metair is currently busy with a long-term strategic planning process using the revised production volume as the base. As mentioned in the full year reported period, the profitability of the medium- sized companies was challenged during this period especially in the plastics group of companies. The strategic planning process will particularly focus on the correct strategy for the plastics group. Relationships with customers were stabilised during this period and the group managed to negotiate more reactive pricing mechanisms and in regard to foreign currency fluctuation the company has reduced the risks relating to exchange rate volatility by making use of forward cover contracts. The group managed to deliver on the undertaking to focus on cash generation and preservation and will continue to do so as we react to the new level of activity. Under the current labour environment the ongoing streamlining of the business will be challenging, but necessary, as Metair does not expect a major change in the volume outlook for 2010 compared to 2009. The strategic planning processes and cost-saving programmes are all aimed at improving negative contributions from the plastics, wire harnesses and lighting businesses.
14 Jul 2009 12:04:19
(Official Notice)
Metair advises that it expects the group's headline earnings per share for the half year ended 30 June 2009 to be between 103% and 123% lower compared to the previous corresponding period. This equates to a headline loss per share of between 1.4 and 12.0 cps, compared to headline earnings of 53 cps for the previous corresponding period. Earnings per share for the half year ended 30 June 2009 are estimated to be between 131% and 151% lower compared to the previous corresponding period. This equates to a loss per share of between 16.4 and 27.0 cps, compared to earnings of 53 cents per share for the previous corresponding period.



It is anticipated that the results for the half year ended 30 June 2009 are expected to be published on or about 24 August 2009.
05 May 2009 16:36:27
(Official Notice)
Shareholders are advised that, at the AGM of shareholders all the ordinary resolutions were duly passed by the requisite majority votes. The special resolution in terms of a general authority to repurchase the company's shares was similarly adopted and is in the process of being submitted to the Companies and Intellectual Property Registration Office for registration.
23 Mar 2009 07:13:31
(C)
18 Mar 2009 09:24:07
(Official Notice)
Mpueleng Pooe, Chairman and Theo Loock, Managing Director of Metair invites all Metair shareholders to a conference call to discuss the group's results for the 12-months ended 31 December 2008. The presentation will be available on the company's website from 09:00 on Monday, 23 March 2009.
04 Mar 2009 14:59:24
(Official Notice)
In terms of paragraph 3.59 of the Listings Requirements of the JSE Ltd, shareholders are advised that Mr Jonathan Best has been appointed as an independent non-executive director of Metair, effective 24 February 2009.
20 Feb 2009 16:03:59
(Official Notice)
Metair advises that it expects the group's headline earnings per share for the year ended 31 December 2008 to be between 35% and 45% lower compared to the previous corresponding period. This equates to a headline earnings per share of between 68c and 81c per share, compared to the 124c for the previous corresponding period. The period under review proved to be very fluid, with performance in the first half mostly influenced by conditions in the South African market, local customers' strategies and Rand volatility as was advised at the interim period. Performance in the second half of the year was affected by conditions and events in the global market, especially from October 2008 when the full impact of the financial crisis resulted in a sharp downturn in world economic activity. The Rand continued to be volatile during the second half of the financial year and devalued by a further 32% against the Yen during the last quarter. The decrease in headline earnings per share was primarily as a result of the depreciation of the Rand against major currencies and a decline in volumes from the original equipment manufacturers during the second half of the year.



Earnings per share are estimated to be between 100% and 110% lower compared to the previous corresponding period. Global economic events and the approximately 30% decline in the local production of vehicles have triggered impairment testing under International Accounting Standard 36 (IAS36) and impairment charges are the reason for the difference between the estimates of earnings per share and the estimates of headline earnings per share respectively. The impairment charges relate to property, plant, equipment and goodwill at subsidiaries which produce plastic parts, lights and brake systems. Shareholders should be aware that the impairment exercise is complex particularly given the volatility of future market conditions and whilst every effort has been made to correctly quantify the impairment values, the final impact on earnings is still subject to review by the group's external auditors. It is anticipated that results for the year ended 31 December 2008 will be published on or about 23 March 2009. The above information has not been reviewed or reported on by the group's auditors.
01 Dec 2008 12:09:38
(Official Notice)
The board of directors wishes to advise shareholders that Mr Brian Jacobs has been appointed as financial director of the company with effect from Monday 1 December 2008 in the place of Mr Callie van der Merwe who retired with effect from 30 November 2008.
03 Sep 2008 08:12:06
(Media Comment)
According to Business Report, Metair is taking advantage of opportunities resulting from the electricity crisis. Managing director Theo Loock said that Metair had developed an energy efficient street light which has been approved by the SABS. Loock believes that the market for such lights will be between 100 000 and 120 000 units per year.
26 Aug 2008 07:15:29
(C)
Turnover increased by 38% to R2.1 billion (R1.5 billion) as the group participated in the export of new models by original equipment manufacturers (OEM's). Operating profit declined by 28% to R131.3 million (R183.2 million) compared to the same period in 2007. Profit attributable to equity holders of the company declined by 31.9% to R75.1 million (R125.21 million) and headline earnings per share fell by 32% to 53cps (78cps).



Dividend

No dividend has been declared.



Prospects

Commenting on the prospects is extremely challenging under current economic conditions and is further complicated by Metair's expectation in regards to the recovery of the foreign exchange losses incurred in the first half and the setting of realistic vehicle production targets for the second half of the year. Metair has a reasonable expectation that if customers meet their planned vehicle production volumes during the period and the rand does not devaluate any further it will recover most of the under recovery during the second half of the year. Metair remains volume sensitive and expects volumes to decline in the second half compared to the first half, as the stock in the vehicle supply chain in the local market has increased because of the decline in sales. As a consequence, OEM's could be faced with production cut backs during the period. Export market vehicle volumes are expected to be maintained in the third quarter but decline in the fourth quarter. This may result in the full vehicle production volumes planned for the end of 2008 through 2009 not being reached. Metair will assess the decline at the end of the period in order to determine the planned production, capacity and manning levels accordingly for 2009.



It is expected that government will also announce the detail of the Motor Industry Development Program (MIDP) at the end of August 2008. Metair continued to participate in the consultative review process and remains positive that the revised program will continue to grow the industry and that the proposed introduction of a production incentive will be positive for the component manufacturing industry.
21 Jul 2008 13:35:41
(Official Notice)
The board of directors wishes to advise shareholders that Ms. Aziza Galiel has been appointed as an independent non-executive director of the company with effect from Monday 21 July 2008.
08 Jul 2008 17:23:06
(Official Notice)
Metair shareholders are advised that that the company's headline earnings per share and basic earnings per share for the six months ended 30 June 2008 are expected to be between 30% and 40% lower compared to the corresponding six months of the previous period. The primary reasons for the decrease in headline earnings per share and basic earnings per share is as a result of the depreciation of the Rand against major trading currencies and the rise in commodity prices during the period. Current pricing arrangements with customers only allow for the recovery of foreign exchange losses and commodity price increases retrospectively. Metair group companies are currently engaged in negotiations with customers to amend the exchange rate and commodity pricing policies to allow for a more responsive adjustment to selling prices. Metair anticipates that it will, subject to OEM production volumes remaining at planned levels and the Rand not weakening any further, recoup the first half of the year's exchange rate under-recovery in the second half of the financial year. Metair remains focused on balancing the group's risk profile and pursuing new growth opportunities. It is anticipated that the results for the six months ended 30 June 2008 will be published on or about 30 August 2008. The above information has not been reviewed or reported on by the company's auditors.
23 Apr 2008 16:58:16
(Official Notice)
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd has been appointed as sponsor to Metair on the JSE Ltd, effective 22 April 2008.
17 Mar 2008 17:08:27
(C)
Adjusted headline earnings per share for the full year to December 2007 was 121 cents compared to 133 cents achieved in the previous financial year. This represents a 9% decline in adjusted headline earnings. This decline can be attributed to the decline in the number of locally produced vehicles and the loss of 10 production days in September due to labour action. Group turnover increased by 13% to R2 984 million compared to R2 642 million in 2006. Adjusted profit after tax attributable to ordinary shareholders decreased to R183.5 million from R200.7 million and operating profit declined to R281 million from R311 million in 2006. Cash generated from operations was R240 million compared to R242 million in 2006.



Dividends

A final ordinary dividend of 40 cents per ordinary share has been declared in respect of the year ended 31 December 2007.



Prospects

The Metair group is fortunate that all of its subsidiaries will participate in the increase in OEM production volumes in 2008 and 2009 especially those planned by Toyota South Africa. The number of vehicles to be produced by all of the manufacturers in 2008 is expected to increase by 18.64% from 496 771 vehicles in 2007 to 589 300 vehicles. The planned increase of 92 529 vehicles is mostly for the export market which is projected to increase to 284 300 vehicles from the 170 587 exported in 2006. Although new business was obtained under much tighter competitive and price target conditions resulting in the reduction in overall gross margin, the anticipated increase in volumes across the Metair group is expected to result in an improved financial performance in 2008. The group remains sensitive to its customers` ability to produce vehicles at forecast volumes and their successful entry into the new export markets. The exchange rate, particularly the Rand/Dollar rate, remains a determining factor in terms of the overall competitiveness and profitability of the group.
15 Mar 2006 18:05:48
(C)
02 Mar 2006 17:53:03
(Official Notice)
Mr Theo Loock has assumed office as managing director of the company with effect from 2 March 2006.
16 Jan 2006 16:57:20
(Official Notice)
AD Plummer announced that he would retire as managing director of the group at the end of February 2006 but will be appointed as a non-executive chairman, replacing Elizabeth Bradley. Mrs Bradley will remain on the board of directors and Theo Loock, who is the divisional director of Trident Steel would become managing director of the group as of 1 February 2006.
14 Dec 2005 18:23:50
(Official Notice)
Metair Investments concluded an agreement (subject to Competition Commission approval) with Yazaki Corporation of Japan whereby Yazaki acquires 25.1% of Hesto Harnesses (Pty) Ltd. The details are as per the attached press release issued by Yazaki. The effective date should be early next year dependent on Competition Commission approval.



In accordance with this contract, Yazaki acquires 25% of shares of Hesto Harnesses from Metair Investments which currently owns 100% of shares of Hesto Harnesses. As a result of this stock acquisition, Yazaki starts joint venture production of wiring harnesses in Republic of South Africa. Yazaki has concluded technical assistance agreement with Hesto Harnesses in 1994. Since then Yazaki has been providing Hesto Harnesses with technical assistance for their production of automotive wiring harnesses. Taking advantage of this capital acquisition, Yazaki, as a global wiring harness suppler, will strengthen the operation in South Africa which is expected to grow up to be a vehicle export base in the future. Vehicle production in South Africa in 2004 amounts to 440 000 vehicles and is expected to increase further in the future. Demand of wiring harnesses is also expected to expand. South Africa is the second country (following Morocco) in Africa and the 37th country in the world for Yazaki to expand its operation to.
22 Aug 2005 17:49:20
(C)
13-Jul-2018
(X)
Metair Investments Ltd. is a 70-year old company listed on the Johannesburg Securities Exchange (JSE) that is invested in 11 operations in South Africa and five international operations. From its headquarters in Johannesburg the group manages two distinct business verticals that manufacture, assemble, distribute and retail energy storage solutions and automotive components in Africa, Europe, the Middle East, Turkey and Russia.



Energy storage

The energy storage segment manufactures batteries for use in the automotive, telecoms, utility, mining, retail and materials/ products handling sectors.



Automotive batteries are supplied to automotive original equipment manufacturers (OEMs) and also to the aftermarket through our unique aftermarket distribution channels and franchised retail networks. Metair supplies batteries to all major OEMs in South Africa, Europe, Romania, Turkey and Russia through subsidiaries in Romania (Rombat), Turkey (Mutlu Ak?) and South Africa (FNB), and through our associate, MOLL, in Germany.



Aftermarket products are exported to approximately 46 destinations across Africa, Europe, the Middle East, Turkey and Russia. Non-automotive products are mainly sold into sub- Saharan Africa and Turkey.



Automotive components

The automotive components vertical produces original equipment (OE) components used in the assembly of new vehicles by OEMs in South Africa, as well as spare parts and other products used in the South African automotive aftermarket. These include brake pads, shock absorbers, lights, radiators and air conditioners. The group also produces generic aftermarket products for use in the increasing number of imported vehicles.



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