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16-Nov-2017
(Official Notice)
For the avoidance of doubt shareholders are hereby advised that all changes regarding the management of La Concorde and Niveus, as set out in the announcement made on 14 September 2017 were implemented on 1 November 2017.
14-Nov-2017
(Official Notice)
Niveus shareholders are advised that the Company will report attributable earnings per share of between 110.8 cents and 115.0 cents, and report headline earnings per share of between 107.7 cents and 124.1 cents, being an increase of between 31.8 % and 51.9%, compared to the attributable earnings per share of 21.3 cents and headline earnings per share of 81.7 cents reported for the six months ended 30 September 2016.



Niveus? interim financial results for the six months ended 30 September 2017 are due to be released on or about 22 November 2017.
13-Nov-2017
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE by Niveus on 14 September 2017 relating to the Proposed Transaction. Shareholders are hereby notified that Niveus was granted an extension in relation to the posting date of the circular relating to the Proposed Transaction until 15 December 2017.



Shareholders will be advised in due course of the salient dates and times relating to the Proposed Transaction and the general meeting of shareholders to be convened in order to consider and vote on the resolutions required in respect of the Proposed Transaction.
10-Nov-2017
(Official Notice)
Shareholders of Niveus (?Shareholders?) are referred to the SENS announcements released by Niveus on 27 June 2017 and 29 September 2017, relating to the distribution by Niveus of its South African gaming interests (other than its sports betting and lottery interests), currently housed in its wholly-owned subsidiary Niveus Invest 19 Ltd. (?GameCo?) to Shareholders (?Unbundling?).



Detailed information regarding the Unbundling appears in the circular issued to Shareholders on 16 August 2017 (?Circular?).



Certain South African Tax Considerations

The distribution in specie by Niveus of shares held by it in GameCo (?GameCo Distribution Shares?) will constitute a dividend as defined in section 64D of the Income Tax Act No. 58 of 1962 (?ITA?). In terms of section 64E(1) read with section 64E(3)(b) of the ITA, dividends tax will be imposed thereon at the rate of 20% on the amount of such dividend, subject to any applicable reduction in the dividends tax rate or any exemption from dividends tax.



The distribution in specie of each of the GameCo Distribution Shares will constitute a transfer of a security as contemplated in section 2 of the Securities Transfer Tax Act No. 25 of 2007 (?STT Act?). In terms of section 2 read with section 6(1)(a) of the STT Act, securities transfer tax (?STT?) will be imposed thereon at the rate of 0.25% on the market value of the GameCo Distribution Shares.



The market value of R9.27 per GameCo Distribution Share will be applied in determining the amounts of dividends tax and STT payable in respect of the distribution in specie of the GameCo Distribution Shares.



Shareholders are furthermore referred to paragraph 5.8 of the Circular (which Circular remains available on the Company?s website, www.niveus.co.za) which summarised the tax consequences of the Unbundling. In particular, Shareholders are referred to paragraph 5.8.4 in relation to the treatment of and method of settlement of STT, as well as paragraph 5.8.5 in relation to the treatment of dividend tax in relation to the Unbundling. In particular, Shareholders need to ensure that their brokerage account is sufficiently funded to enable their brokers to pay the STT.
01-Nov-2017
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the company held at 11:00 today, 1 November 2017 at 4 Stirling Street, Zonnebloem, Cape Town, all of the resolutions were passed by the requisite majority of Niveus shareholders.
30-Oct-2017
(Official Notice)
29-Sep-2017
(Official Notice)
Shareholders of Niveus are referred to the announcement by Niveus, released on SENS on 27 June 2017, advising that Niveus has elected to distribute its South African gaming interests (other than its sports betting and lottery interests), currently housed in its wholly-owned subsidiary, GameCo, to its Shareholders (?Unbundling?), prior to the implementation of certain transactions conditional upon the implementation of the unbundling (?Tsogo Transaction?). Detailed information regarding the Unbundling and the Tsogo Transaction appears in the aforementioned Circular.



Shareholders are reminded that the resolutions to approve the Unbundling and the Niveus Transaction were approved by Niveus shareholders at the general meeting held on, 14 September 2017.



Shareholders are hereby advised that Niveus, HCI and Tsogo have entered into an addendum to the agreement regulating the Unbundling and the Tsogo Transaction (?Addendum?). In terms of the Addendum:

? the long-stop date for the fulfilment of the Unbundling Conditions and the Transaction Conditions Precedent has been extended to 30 October 2017, thereby facilitating inter alia the appeal process to the Competition Appeal Court initiated by HCI and Tsogo against the Competition Tribunal ruling referred to in the SENS announcement of 14 September 2017;

? to the extent that the Competition Appeal Court dismisses the appeal resulting in HCI and/or Tsogo being required to file a merger filing in respect of the HCI Disposal then, unless the Parties otherwise agree in writing, the Transaction Agreement will lapse on the seventh day after such judgment is delivered; and

? if the Transaction Conditions Precedent are only fulfilled or waived on or after 1 October 2017, then the Cash Based Alternative payable by Tsogo to Niveus and other Gameco Minority Shareholders electing the Cash Based Alternative in respect of their GameCo Shares shall be increased by an amount equal to 72% of the prime rate of interest calculated on such cash portion, from 20 October 2017 until the first Friday after the Tsogo Minority Offer opens for acceptance by shareholders.



Shareholders will be updated in due course of the fulfilment or waiver of the outstanding conditions precedent.



Revised dates and times in relation to the implementation of the Unbundling will be published in due course.
22-Sep-2017
(Official Notice)
Shareholders are advised that Niveus? integrated annual report, incorporating the summarised audited results for the year ended 31 March 2017 were posted to shareholders today, 22 September 2017.



Shareholders are advised that the integrated annual report and the annual financial statements for the year ended 31 March 2017 are available on the company?s website (www.niveus.co.za).



Notice is hereby given that the annual general meeting of Niveus shareholders will be held at 11h00 on Wednesday, 1 November 2017, at 4 Stirling Street, Zonnebloem, Cape Town, 7925, to transact the business as set out in the notice of annual general meeting contained in the integrated annual report.



The date on which shareholders must be recorded as such in the share register to be eligible to attend and vote at the annual general meeting is Friday, 27 October 2017, with the last day to trade being Tuesday, 24 October 2017.
14-Sep-2017
(Official Notice)
Andr? van der Veen (CEO) and Muriel Loftie-Eaton (FD) provide their services to the Niveus Investments Ltd. group under a management contract with Hosken Consolidated Investments Ltd.



Following the approval by Niveus shareholders of the unbundling by Niveus of its interest in gambling assets held through Niveus Invest 19 Limited as well as the announcement of the proposed acquisition and distribution of Golden Arrow Bus Services (Pty) Ltd. by La Concorde Holdings Ltd. (?La Concorde?), HCI has notified Niveus and La Concorde that Andr? van der Veen will be appointed as CEO of eMedia Holdings Ltd. It is expected that this appointment will be effective from 1 November. Andr? van der Veen will resign as CEO of Niveus and La Concorde on this date and Muriel Loftie-Eaton will be appointed as CEO of Niveus and La Concorde. Carolyn Kristal will be appointed as Financial Director of Niveus and La Concorde.



Andr? van der Veen will retain his directorships of Niveus and La Concorde, and will continue to serve on the executive committees of the Niveus group.

14-Sep-2017
(Official Notice)
14-Sep-2017
(Official Notice)
Shareholders of Niveus (?Shareholders?) are referred to the announcement by Niveus, released on SENS on 27 June 2017, advising that Niveus has elected to distribute its South African gaming interests (other than its sports betting and lottery interests), currently housed in its wholly-owned subsidiary, Niveus Invest 19 Ltd. (?GameCo?), to its Shareholders (?Unbundling?), prior to the implementation of certain transactions inter-conditional upon the implementation of the Unbundling, including the Niveus transaction (?Niveus Transaction?). Detailed information regarding the Unbundling appeared in the circular to shareholders dated 16 August 2017 (?Circular?).



Results of the general meeting

Shareholders are advised that at the general meeting of Niveus held today, 14 September 2017, in order to consider and approve the Unbundling and the Niveus Transaction, all resolutions set out in the notice of general meeting were passed by the requisite majorities of Niveus shareholders.



Conditions precedent to implementation

Shareholders are advised that Tsogo Sun and Hosken Consolidated Investments Ltd. (?HCI?) sought a declarator from the Competition Tribunal that the increase in HCI?s shareholding in Tsogo Sun to more than 50% and the consolidation of its gaming interests (other than its sports betting and lottery interests) under Tsogo Sun, over which it already exerts sole control pursuant to a decision of the Tribunal in 2014, does not constitute a merger as defined in Section 12(1) of the Competition Act and, therefore does not require approval from the Competition Authorities in terms of the merger control provisions of that Act.



The Tribunal dismissed the declaratory relief, but has not yet provided its reasons for doing so. HCI, Tsogo Sun and their advisors continue to maintain that the transaction is not notifiable and are accordingly proceeding to appeal the ruling by means of an expedited appeal.



The parties to the transaction continue to pursue the fulfilment of the remaining conditions precedent.
17-Aug-2017
(Official Notice)
Shareholders are advised that Niveus? annual financial statements for the year ended 31 March 2017, is available on the Company?s website (www.niveus.co.za) and contains no changes from the reviewed results which were published on SENS on 24 May 2017. Grant Thornton Johannesburg Partnership audited the annual financial statements of Niveus and their unqualified report is available for inspection at the registered offices of the Company.

16-Aug-2017
(Official Notice)
02-Aug-2017
(Official Notice)
Shareholders are referred to the announcements released on the Stock Exchange News Service of the JSE by Niveus on 14 December 2016, 14 March 2017 and 27 June 2017 relating to the Proposed Transaction.



Shareholders are hereby notified that Niveus was granted a further extension in relation to the posting date of the circular relating to the Proposed Transaction until 31 August 2017.



Shareholders will be advised in due course of the salient dates and times relating to the Proposed Transaction and the general meeting of shareholders to be convened in order to consider and vote on the resolutions required in respect of the Proposed Transaction
12-Jul-2017
(Official Notice)
In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company?s annual compliance in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.niveus.co.za.
04-Jul-2017
(Official Notice)
Shareholders are referred to the Stock Exchange News Service announcements released by Niveus on 14 March 2017, 11 May 2017, 29 May 2017 and 27 June 2017, relating to inter alia the unbundling by Niveus of its interests in its gaming businesses, currently held via its wholly-owned subsidiary, Niveus Invest 19 Limited (?Unbundling?) and certain further transactions.



In accordance with the Companies Act, 71 of 2008 (?Companies Act?) and the Companies Regulations, 2011 (?Regulations?), the board of directors of the Company is required to appoint an independent board comprising independent non-executive directors to, inter alia, appoint an independent expert as required in terms of the Regulations and provide shareholders with its view regarding the Unbundling.



In accordance with Regulation 108(9) and with an independent board should comprise a minimum of three independent directors, and if there are less than three independent directors, other persons must be appointed to the independent board by the existing board in accordance with the qualifications or other requirements set out in the Companies Act. The board of directors are of the view that it would be prudent to appoint three additional directors to serve as independent directors and members of the independent board and therefore, in accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, shareholders are advised that the board has appointed Francine-Ann Du Plessis, Mike Joubert and Wessel van der Merwe as independent non-executive directors of the Company for the purposes of the Unbundling. Accordingly the aforementioned directors will resign from the board following the implementation of the Unbundling.

14-Jun-2017
(Official Notice)
Niveus shareholders are hereby informed that Ms Rachel Watson has been appointed as an independent non- executive director and member of the audit and risk committee of Niveus with effect from 19 May 2017.
29-May-2017
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE by Niveus on 14 March 2017, relating to inter alia the unbundling by Niveus of its interests in its gaming businesses, currently held via its wholly-owned subsidiary, Niveus Invest 19 Ltd. (?Gameco?)(?Unbundling?).



Shareholders are hereby advised that, even though the language in sections 112 and 115 of the Companies Act, No 71 of 2008 (?Companies Act?) is ambiguous as to whether the declaration of a dividend in specie of the majority of the assets of the Company amounts to a disposal of the greater part of the assets or undertaking of the Company in terms of section 112 Companies Act, in order to be prudent, the Company will seek the approval of its shareholders and the TRP in accordance with the provisions of sections 112 and 115 of the Companies Act prior to implementing the Unbundling.
24-May-2017
(C)
Revenue for the year increased to R86.6 million (R74.9 million). Loss attributable to equity holders came in at R9.2 million (profit of R44.7 million). In addition, headline earnings per share from continuing operations jumped to 155.3 cents per share (47.1 cents per share).



Dividend

The directors declared and approved a final gross ordinary dividend of 22 cents out of income reserves. The dividend will be payable on 19 June 2017.
12-May-2017
(Official Notice)
Niveus? preliminary financial results for the year ended 31 March 2017 are due to be released on the Stock Exchange News Service on or about 25 May 2017.



Niveus shareholders are advised that Niveus will report a loss per share of between 7.8 cents and 0.3 cents, and headline earnings per share of between 177.1 cents and 188.8 cents, compared to earnings per share of 37.9 cents and headline earnings per share of 58.6 cents reported for the year ended 31 March 2017.



Vukani?s year-on-year gross gambling revenue (?GGR?) grew 12%, EBITDA 18% and 14% on a normalised EBITDA basis after adding back non-recurring and abnormal items in the current and prior years. Bingo GGR from fully developed sites grew 12% from the prior year and its EBITDA grew 17%. Total Bingo Group EBITDA grew 68% year-on-year partly due to a significant reduction in costs from non-operational licence, legal and bid costs.



While the market value of Niveus? investment in KWV exceeds the historical acquisition cost, an accounting loss of R216 million net of minority interest was recognised on the sale of the operational assets of KWV. The loss recognised by Niveus on consolidation is due to fair value adjustments written off, which were required to be recognised in terms of IFRS upon the acquisition of control in KWV. The loss is added back for the calculation of consolidated headline earnings.
11-May-2017
(Official Notice)
Shareholders are referred to the announcements released on the Stock Exchange News Service of the JSE by Niveus on 14 December 2016 and 14 March 2017.



Shareholders are hereby notified that Niveus was granted an extension by the JSE to distribute the circular to shareholders by 31 July 2017.



Niveus will keep shareholders updated on the timing of the distribution of the circular.



19-Apr-2017
(Official Notice)
Shareholders are hereby informed that Mr Khutso Mampeule has resigned from his position as independent non-executive director from 19 April 2017.



14-Mar-2017
(Official Notice)
16-Jan-2017
(Official Notice)
Shareholders are referred to the announcement released by Niveus on the Stock Exchange News Services of the JSE Ltd. (?JSE?) on 14 December 2016 relating to the proposed acquisition by Tsogo Sun Holdings Ltd. of all of Niveus? interests in Vukani Gaming (Pty) Ltd. and Galaxy Gaming and Entertainment (Pty) Ltd. and all their associated entities, trusts and businesses (?Proposed Transaction?). The Proposed Transaction is classified as a Category 1, related party transaction in terms of the JSE Listings Requirements.



Shareholders are hereby advised that the JSE has granted Niveus an extension in relation to the distribution date of the circular relating to the Proposed Transaction until 15 March 2017.



Shareholders will be advised in due course of the salient dates and times relating to the Proposed Transaction and the general meeting of shareholders to be convened in order to consider and vote on the resolutions required in respect of the Proposed Transaction.
23-Nov-2016
(C)
18-Nov-2016
(Official Notice)
Further to the cautionary announcement dated 26 August 2016 and the renewal thereof dated 7 October 2016, shareholders are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a full announcement is made.

14-Nov-2016
(Official Notice)
Niveus' interim financial results for the six months ended 30 September 2016 are due to be released on the Stock Exchange News Service on or about 23 November 2016.



In compliance with the JSE Listings Requirements, Niveus shareholders are advised that Niveus will report attributable earnings per share of between 19.9 cents and 24.6 cents, being an increase of between 183.3% and 202.9%, and report headline earnings per share of between 80.3 cents and 85.0 cents, being an increase of between 438.8 % and 458.6%, compared to the attributable loss per share of 23.9 cents and headline loss per share of 23.7 cents reported for the six months ended 30 September 2015.
01-Nov-2016
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held at 11:00 today, 1 November 2016 at 4 Stirling Street, Zonnebloem, Cape Town, 7925 (?AGM?), all of the resolutions were passed by the requisite majority of Niveus shareholders.
14-Oct-2016
(Official Notice)
Shareholders are referred to the announcement of the disposal of KWV?s operational assets dated 11 May 2016 and the update on disposal on 24 August 2016. Shareholders are hereby advised that the R575 million cash portion of the R1.15 billion disposal consideration as well as the fully executed bank guaranteed promissory notes have been received from the purchasers. The effective date of the transaction is 1 October 2016.
07-Oct-2016
(Official Notice)
Further to the cautionary announcement dated 26 August 2016, shareholders are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company?s securities until a full announcement is made.
16-Sep-2016
(Official Notice)
Shareholders are advised that Niveus? integrated annual report, incorporating the summarised audited results for the year ended 31 March 2016, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 25 May 2016. Grant Thornton Johannesburg Partnership audited the results and the annual financial statements of Niveus and their unqualified report is available for inspection at the registered offices of the company.



Shareholders are advised that the integrated annual report and the annual financial statements for the year ended 31 March 2016 are available on the company?s website (www.niveus.co.za).



Notice is hereby given that the annual general meeting of Niveus shareholders will be held at 11h00 on Tuesday, 1 November 2016, at 4 Stirling Street, Zonnebloem, Cape Town, 7925, to transact the business as set out in the notice of annual general meeting contained in the integrated annual report.



The date on which shareholders must be recorded as such in the share register to be eligible to attend and vote at the annual general meeting is Friday, 21 October 2016, with the last day to trade being Tuesday, 18 October 2016.





26-Aug-2016
(Official Notice)
Shareholders are advised that the company has entered into negotiations regarding a potential transaction, which if successfully concluded may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.
24-Aug-2016
(Official Notice)
Shareholders are referred to the announcement of the disposal of KWV?s operational assets dated 11 May 2016.



Shareholders are hereby advised that the Competition Authorities approved the disposal on 24 August 2016 and provided that remaining administrative conditions precedent are met, the effective date of the transaction is likely to be 1 October 2016.
25-May-2016
(C)
Group revenue for the year increased to R2.5 billion (2015: R2.2 billion). EBITDA grew to R336.0 million (2015: R319.8 million). Profit for the year attributable to equity holders of the parent dropped to R44.7 million (2015: R80.3 million). Furthermore, headline earnings per share declined to 58.6 cents per share (2015: 72.4 cents per share).



Dividend

On Friday, 20 May 2016, the directors declared and approved a gross ordinary dividend of 10 cents per share for the year ended 31 March 2016 out of income reserves. The dividend will be payable on Monday, 20 June 2016.





12-May-2016
(Official Notice)
Shareholders are referred to the cautionary announcement dated 19 April 2016 and the disposal of KWV?s operational assets (?KWV Transaction?) announcement dated 11 May 2016 (?KWV Announcement?). Shareholders are hereby advised that all relevant particulars relating to the KWV Transaction were disclosed in the KWV Announcement and accordingly, caution is no longer required to be exercised by Niveus shareholders when dealing in their securities.
11-May-2016
(Official Notice)
11-May-2016
(Official Notice)
Niveus? preliminary financial results for the year ended 31 March 2016 are due to be released on the Stock Exchange News Service on or about 25 May 2016.



In compliance with the JSE Listings Requirements, Niveus shareholders are advised that Niveus will report attributable earnings per share of between 31.0 cents and 44.8 cents, being a decrease of between 35.1% and 55.1%, and report headline earnings per share of between 51.4 cents and 65.8 cents, being a decrease of between 9.1% and 29.0%, compared to attributable earnings per share of 69.0 cents and headline earnings per share of 72.4 cents reported for the year ended 31 March 2015.



The anticipated decline in earnings is mainly due to a R45 million settlement fee paid to Johnnic Holdings Management Services Ltd. in terms of the corporate action approved by shareholders at the general meeting held on 9 September 2015 and attributable foreign exchange losses of R23 million incurred by KWV Holdings Ltd. on its forward hedge book.
19-Apr-2016
(Official Notice)
Shareholders are advised that the company has entered into negotiations regarding a potential transaction, which if successfully concluded may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.
19-Nov-2015
(C)
Revenue was higher at R574.1 million (R548.5 million) whilst loss attributable to equity holders came in at R27.9 million (profit of R40.6 million). Furthermore, headline loss per share was recorded at 23.7cps (earnings of 35.5cps).



Dividend

The directors declared and approved an interim gross ordinary dividend for the six months ended 30 September 2015 of 7 cents per share on Monday, 16 November 2015, out of income reserves.
12-Nov-2015
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd., a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous corresponding period.



Niveus? interim financial results for the six months ended 30 September 2015 are due to be released on the Stock Exchange News Service on or about 19 November 2015. In compliance with the JSE Listings Requirements, Niveus shareholders are advised that Niveus will report a loss per share of between 20.4 cents and 27.4 cents, being a decrease of between 158.1% and 178.1%, and a headline loss per share of between 20.2 cents and 27.3 cents, being a decrease of between 156.9% and 176.9%, compared to earnings per share of 35.1 cents and headline earnings per share of 35.5 cents reported for the six months ended 30 September 2014.



The anticipated decline in earnings is mainly due to a R45 million settlement fee paid to Johnnic Holdings Management Services Ltd. in terms of the corporate action approved by shareholders at the general meeting held on 9 September 2015 and attributable foreign exchange losses of R14 million incurred by KWV Holdings Ltd. on its forward hedge book.



The financial information on which this trading statement is based has not been reviewed and reported on by the Company?s auditor.
29-Oct-2015
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the company held at 10:30 today, 29 October 2015 at Suite 801, 76 Regent Street, Sea Point, 8005 , all of the resolutions were passed by the requisite majority of Niveus shareholders.
29-Sep-2015
(Official Notice)
Shareholders are advised that Niveus? integrated annual report, incorporating the summarised audited results for the year ended 31 March 2015, has been posted to shareholders and contains no changes from the reviewed results which were published on SENS on 21 May 2015. Grant Thornton (Jhb) Inc. audited the results and the annual financial statements of Niveus and their unqualified report is available for inspection at the registered offices of the Company.



Shareholders are advised that the integrated annual report and the annual financial statements for the year ended 31 March 2015 are available on the Company?s website (www.niveus.co.za). The integrated annual report contains a notice of Annual General Meeting for Niveus shareholders, which will be held at Suite 801, 76 Regent Road, Sea Point, Cape Town, 8005 on Thursday, 29 October 2015 at 10:30.
09-Sep-2015
(Official Notice)
Shareholders are hereby advised that at the general meeting of the company held at 10:00 today, 9 September 2015 at La Concorde, 57 Main Street, Paarl, 7646 (?GM?), all of the proposed resolutions were passed by the requisite majority of Niveus shareholders.
11-Aug-2015
(Official Notice)
28-Jul-2015
(Official Notice)
Shareholders of Niveus (?Shareholders?) are referred to the announcement published by the Company on SENS on Thursday, 21 May 2015, wherein Shareholders were advised that Niveus has entered into an agreement with Johnnic Holdings Management Services Ltd. (?JHMS?) (?the Corporate Actions Agreement?) relating to the specific issue of 1 750 000 Niveus shares, for cash, at an issue price of R25.80 per share, to JHMS (?the Specific Issue?) and the restructuring of the payment terms of the current administration agreement (?the Administration Agreement?) between Niveus and JHMS (?the Restructuring?). The Specific Issue and the Restructuring are collectively referred to as the ?Corporate Actions?.



Revised terms of the Corporate Actions Agreement

Shareholders are advised that the Corporate Actions Agreement has been amended in that the amount due to Niveus by JHMS, in respect of the Specific Issue, being the amount of R45 150 000 (?the Specific Issue Consideration?), will be settled by JHMS in cash.



Extension of posting date of circular

Shareholders are hereby advised that the JSE Ltd. has granted the Company an extension in relation to the distribution date of the circular relating to the Corporate Actions (?the Circular?), until 14 August 2015.



Accordingly, Shareholders are hereby advised that the Circular will be distributed to Shareholders on or about 14 August 2015.



Shareholders will be advised in due course of the salient dates and times relating to the Corporate Actions and the general meeting of Shareholders to be convened in order for Shareholders to consider and vote on the resolutions required in respect of the Corporate Actions.



Pro forma financial effects

Reviewed results before the Corporate Actions and After the Corporate Actions

*Earnings per share (cents) -- 69.0; 48.9

*Headline earnings per share (cents) -- 72.4; 52.3

*Diluted earnings per share (cents) -- 67.8; 48.1

*Diluted headline earnings per share (cents) -- 71.2; 51.4

*Net asset value per share (cents) -- 1 107; 1 102

*Net tangible asset value per share (cents) -- 1 002; 998
21-May-2015
(Official Notice)
Shareholders are hereby advised that on 18 May 2015 the Company entered into an administration restructuring agreement with Johnnic Holdings Management Services Ltd. (?JHMS?) (?the Agreement?), subject to shareholder approval, whereby the 50 basis point portion of the current management fee payable to JHMS in terms of the current administration agreement between the Company and JHMS, is cancelled for a settlement amount of R45 140 536 (?Settlement Amount?), together with agreeing to an ongoing annual management fee of R3 million per annum escalating at the Consumer Price Index. In terms of the Agreement, JHMS will subscribe for 1 750 000 ordinary shares in Niveus equal to approximately 1.5% of the issued share capital of Niveus, at a subscription price of R25.80 per ordinary share, being a 7.28% premium to the 30 day volume weighted average price of Niveus ordinary shares as at 18 May 2015 (?Specific Issue?).



The Company and JHMS have agreed that the entire Specific Issue shall be set-off against the Settlement Amount owed by the Company to JHMS. The Specific Issue to JHMS and the set-off of the Specific Issue against the Settlement Amount will allow the Company to preserve its cash reserves which may be used for growth or acquisition purposes and head office costs would be reduced by approximately R13 million based on the current year management fee payment used as reference.



In terms of paragraph 5.51(g) of the Listings Requirements of the JSE Ltd., the Specific Issue requires the approval by way of an ordinary resolution (requiring at least a 75% majority of the votes cast in favour of such resolution) by all Niveus shareholders present or represented by proxy at a general meeting. A circular containing the full details of the Specific Issue as well as the date of the general meeting for approval of the Specific Issue will be distributed to the shareholders within the next 60 days.
21-May-2015
(C)
Group revenue for the year increased to R2.205 billion (2014: R1.973 billion). EBITDA jumped to R319.8 million (2014: R212.2 million), profit attributable to equity holders of the parent rose to R80.3 million (2014: R61.5 million), while headline earnings per share grew to 72.4cps (2014: 57.2cps).



Dividend to Shareholders

The directors declared and approved a gross ordinary dividend for the year ended 31 March 2015 of 12cps on Thursday, 21 May 2015.
08-May-2015
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that for the year ended 31 March 2015, the Company will report attributable earnings per share of between 64.9 cents and 70.3 cents, being an increase of between 20% and 30%, and headline earnings per share of between 68.6 cents and 74.4 cents, being an increase of between 20% and 30%, as opposed to attributable earnings per share of 54.1 cents and headline earnings per share of 57.2 cents published for the previous corresponding period.



The financial information on which this trading statement is based has not been reviewed and reported on by the Company?s auditor. The financial results for the year ended 31 March 2015 are expected to be published on or about 21 May 2015.
20-Nov-2014
(C)
Group revenue was higher at R548.5 million (R536.9 million) whilst EBITDA rose to R146.8 million (R78.8 million). Profit attributable to equity holders increased to R40.6 million (R14.9 million). Furthermore, headline earnings per share grew to 35.5cps (13.7cps).



Dividend

No interim dividend is proposed and the board will consider the Group's cash position and forecast requirements at year-end when proposing the final dividend.



Outlook

The Group?s results are largely dominated by the performance of the gaming business where the majority of the Group?s investment is focused. Our Group?s gaming offerings, in particular Bingo, has received significantly more attention from regulators and some casino groups during the last six months. This includes statements that Electronic Bingo Terminals (EBTs) should not be permitted in the current format. We see anti-EBT sentiment as the most significant risk to the bingo business, but remain hopeful that our numerous facts-based submissions to the National Gambling Board ("NGB"), DTI and provincial regulators will ultimately succeed in provinces where we have not been able to roll out EBTs. Our view remains that our product does not compete with casinos and that margin and gross gaming revenue (GGR) problems highlighted by certain industry groups are largely of their own making. The economic conditions and consumer sentiment remained difficult if a basket of economic indicators is reviewed. We remain fortunate that our GGR has grown by more than 20% compared to the same period last year.
11-Nov-2014
(Official Notice)
Shareholders were advised that a reasonable degree of certainty exists that for the six month period ended 30 September 2014, the Company will report attributable earnings per share of between 33.8 cents and 36.5 cents, being an increase of between 148.5% and 168.4%, and headline earnings per share of between 34.1 cents and 36.9 cents, being an increase of between 140.1% and 159.9%, as opposed to attributable earnings per share of 13.6 cents and headline earnings per share of 14.2 cents published for the previous corresponding period.



The financial results for the six months ended 30 September 2014 are expected to be published on or about 21 November 2014.
30-Oct-2014
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the company held at 11:00 today, 30 October 2014 at Suite 801, 76 Regent Street, Sea Point, 8005, all of the resolutions were passed by the requisite majority of Niveus shareholders.
26-Sep-2014
(Official Notice)
Shareholders are hereby advised that the company's Integrated Annual Report, encompassing the audited summarised annual financial statements for the year ended 31 March 2014, was posted to shareholders today, Friday, 26 September 2014 and save for the changes set in the relevant SENS note contains no material modifications to the reviewed results which were published on Thursday, 22 May 2014 on SENS.



These changes are highlighted in the relevant SENS note.



The difference between the audited summarised annual financial statements and the reviewed results arise from the change in disclosure of the following items. There has not been any material change in the amounts.

*Note 1: Property, plant and equipment additions were reclassified to deposits under trade and other receivables.

*Note 2: Loans receivable were reclassified from trade and other receivables.

*Note 3: Certain conditions precedent were not yet fulfilled in terms of the purchase agreement pertaining to the acquisition of a non-material subsidiary on the reporting date for which the acquisition accounting were subsequently reversed.

*Note 4: Elimination of non-cash effect on asset additions.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of Niveus will be held on Thursday, 30 October 2014, at 11:00 at Suite 801, 76 Regent Street, Sea Point, 8005 to transact the business stated in the notice of annual general meeting. The date on which shareholders must be recorded in the share register of the company for purposes of being entitled to attend and vote at the annual general meeting is Friday, 24 October 2014, with the last day to trade being Friday, 17 October 2014.
18-Aug-2014
(Official Notice)
Shareholders are referred to the SENS announcements dated 22 May 2014, 27 June 2014 and 29 July 2014 whereby shareholders were advised of a cash dividend of 28 cents per shares with the option to elect a capitalisation issue alternative of 1 share for every 76 shares held ("Capitalisation Issue Alternative").



Shareholders are advised that the closing date for the Capitalisation Issue Alternative was Friday, 15 August 2014. Accordingly, the table below sets out the results of the dividend distribution and the number of shareholders who have elected to receive the Capitalisation Issue Alternative:

Number of Niveus shares held by shareholders - number of new Niveus shares to be issued:

* Cash dividend: 5 677 658 - -

* Capitalisation Issue Alternative election: 109 833 927 - 1 445 185

* Total: 115 511 585 - 1 445 185



Accordingly, 1 445 185 new shares in Niveus have been issued to shareholders that have elected to receive the Capitalisation Issue Alternative. An adjustment to the maximum number of Capitalisation Issue Alternative shares listed will be made on or about Wednesday, 20 August 2014.
13-Aug-2014
(Official Notice)
Notice is hereby given in terms of section 45(5) of the Companies Act, 71 of 2008 (the Act) that the board of directors of the Company (the Board) has resolved to provide financial assistance in the form of a guarantee of up to R200 000 000 to one of its subsidiaries in terms of section 45(2) of the Act, pursuant to the authority granted to the Board by the shareholders at the general meeting of the Company held on 26 April 2013, which financial assistance exceeds one tenth of one percent of the Company's net worth.



In accordance with section 45 of the Act, the Board is satisfied and acknowledges that immediately after providing such financial assistance, the Company would satisfy the solvency and liquidity test provided for in section 4 of the Act and that the terms of the financial assistance are fair and reasonable to the Company.
29-Jul-2014
(Official Notice)
Shareholders are advised that at the general meeting of Niveus shareholders held on 29 July 2014 at the KWV Building, 57 Main Road, Paarl ("the General Meeting"), all of the resolutions tabled were passed by a 100% majority of shareholders present in person and by proxy, being more than the requisite majority vote required.



Accordingly, the gross cash dividend of 28 cents per share with the option to elect a capitalisation issue alternative of 1 share for every 76 shares held was approved by shareholders at the General Meeting. The cash dividend will be paid out of the Company's retained earnings reserves and will be subject to dividend withholding tax of 15%, where applicable. There is no Secondary Tax on Company ("STC") credits available for utilisation and the net cash dividend will be 23.8 cents per share. Niveus has 115 511 585 ordinary shares in issue at the date of this announcement and Niveus' income tax reference number is 9564137843.



The following salient dates and times are applicable, for the dividend:

* Last day to trade in order to be eligible for the cash dividend or capitalisation issue alternative on Friday, 8 August 2014

* Trading commences ex-entitlement: Monday, 11 August 2014

* Listing of maximum possible number of Niveus shares at commencement of trade on Monday, 11 August 2014

* Closing date for the election of the cash dividend or capitalisation issue alternative at 12h00 on Friday, 15 August 2014

* Record date: Friday, 15 August 2014

* Share certificates and/or cash dividend cheques posted or EFT payment made and CSDP/broker accounts updated: Monday, 18 August 2014

* Announcement of the results of the cash dividend or capitalisation issue alternative on SENS: Monday, 18 August 2014

* Adjustment of number of new Niveus shares listed on or about Wednesday, 20 August 2014



Shares may not be dematerialised or rematerialised between Monday, 11 August 2014 and Friday, 15 August 2014, both days inclusive.
27-Jun-2014
(Official Notice)
22-May-2014
(C)
Group revenue increased by 115.8% to R2 billion (R914.3 million). EBITDA was 19.8% higher at R212.2 million (R177.1 million). However, net attributable profit declined by 87.8% to R61.1 million (R502.6 million). In addition, headline from continuing operations rose to 57.2cps (49.7cps).



Dividend

The board declared a dividend of 28 cents per gross ordinary share, with a net dividend of 23.8 cents per share after Dividend Withholding Tax of 15%, and offer shareholders the option to elect to receive either cash or one ordinary share for every 76 shares held. A detailed announcement will follow in due course.



Outlook

Consumer spending and disposable income is under significant pressure in South Africa and it has impacted many sectors of the economy negatively. The potential returns remain attractive in from the gaming business and plans for 2015 are to continue to invest in growth of these businesses.



KWV has over the last few years gone through a major turnaround. Niveus is satisfied that KWV has now been returned to satisfactory levels of efficiency and that the underlying profitability of its operations has been stabilised.



Going forward KWV will continue to hedge a portion of its future sales, albeit now at higher rate. The business operates close to breakeven and the priority is to stay in business rather than to bet on the currency.



The group remains committed to improving profitability through volume growth in its key KWV, Laborie and Roodeberg brands. Achieving growth of premium branded products requires an investment in distribution, marketing and advertising and the Group remains committed to this strategy even if it reduces profitability in the short term.
09-May-2014
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the company will report attributable earnings per share of between 48.4 cents and 59.2 cents and headline earnings per share of between 52.8 cents and 61.6 cents for the year ended 31 March 2014, as opposed to attributable earnings per share of 301.3 cents and headline earnings per share of 44.2 cents published for the previous corresponding period.



The financial results for the year ended 31 March 2014 are expected to be published on or about 22 May 2014.
20-Mar-2014
(Official Notice)
Shareholders are advised of the following change in functions of certain of the directors of the Company: Mr Yunis Shaik resigned as lead independent director of the Company and as chairman of the audit committee of the Company due to the fact that he is no longer deemed an independent non- executive director of the Company as a result of his appointment as an executive director of the Company's holding company, Hosken Consolidated Investments Ltd., on 19 March 2014. Notwithstanding the aforementioned, Mr Shaik will remain a non- executive director and a member of the audit committee of the Company.



Shareholders are further advised that Dr Moretlo Molefi was appointed as the new lead independent director of the Company and Mr Khutso Mampeule as the new chairman of the audit committee of the Company, in Mr Shaik's stead. The abovementioned change in functions of Messrs Shaik, Mampeule and Dr Molefi will be with effect from 20 March 2014.
27-Feb-2014
(Official Notice)
Notice is hereby given in terms of section 45(5) of the Companies Act, 71 of 2008 (the Act) that the board of directors of the Company (the Board) has resolved to provide financial assistance in the form of a revolving credit facility of up to R80 000 000 to one of its subsidiaries in terms of section 45(2) of the Act, pursuant to the authority granted to the Board by the shareholders at the general meeting of the Company held on 26 April 2013, which financial assistance exceeds one tenth of one percent of the Company?s net worth.



In accordance with section 45 of the Act, the Board is satisfied and acknowledges that immediately after providing such financial assistance, the Company would satisfy the solvency and liquidity test provided for in section 4 of the Act and that the terms of the financial assistance are fair and reasonable to the company.
12-Feb-2014
(Official Notice)
Shareholders are advised that on 12 February 2014 the Company entered into an agreement with Johnnic Holdings Management Services Ltd. ("Johnnic"), in terms of which agreement Johnnic will subscribe for 1 379 896 ordinary share in Niveus ("Subscription Shares") equal to approximately 1.2% of the issued share capital of Niveus, at a subscription price of R20 per Subscription Share, being the prevailing market price per ordinary share in Niveus as at 12 February 2014, which amounts to a total subscription price of R27 597 920 ("Subscription Price").



The Company and Johnnic have agreed that the entire Subscription Price shall be set-off against the current management fees outstanding and payable by the Company to Johnnic. The specific issue to Johnnic and the set-off of the Subscription Price against the management fees will allow the Company to preserve its cash reserves which may be used for growth or acquisition purposes. In terms of paragraph 5.51(g) of the Listings Requirements of the JSE, the specific issue of shares for cash requires the approval by way of an ordinary resolution (requiring at least a 75% majority of the votes cast in favour of such resolution) by all Niveus shareholders present or represented by proxy at a general meeting.



In this regard shareholders are referred to the circular to Niveus shareholders dated 28 March 2013 ("Circular") and the general meeting of the shareholders of the Company held on 26 April 2013, at which meeting the Niveus shareholders approved, by way of special resolution, the issue of up to 2 000 000 ordinary shares in Niveus to Johnnic, at the market value of such shares, as contribution towards the settlement of any management fees payable by Niveus to Johnnic.



As stated in the Circular the specific issue of shares to Johnnic will have no significant effect on Niveus' earnings, headline earnings, net asset value or tangible net asset value.
21-Nov-2013
(C)
The comparative figures are not comparable to the results for this period due to the acquisition of interest in the Galaxy Bingo Group, the acquisition of a controlling interest in KWV and further shares in KWV as well as the acquisition and disposal of Formex Industries (Pty) Ltd. Group revenue was R840.3 million whilst EBITDA was R78.8 million. Profit attributable to equity holders was R15.4 million. Furthermore, headline earnings per share from continuing operations were 14.2 cents per share.



Interim dividend

The directors approved an interim gross ordinary dividend for the six months ended 30 September 2013 of 7 cents per share on Thursday, 21 November 2013. The dividend will be payable on Tuesday, 17 December 2013.
20-Nov-2013
(Official Notice)
Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report an attributable earnings per share of between 12.6 cents and 14.7 cents and a headline earnings per shares of between 12.9 cents and 15.4 cents for the six months ended 30 September 2013, as opposed to the attributable earnings per share of 10.6 cents and the headline earnings per shares of 12.7 cents published in the previous corresponding period.



The financial results for the six months ended 30 September 2013 are expected to be published on or about 21 November 2013.
30-Oct-2013
(Official Notice)
Shareholders of Niveus are hereby advised that the company has appointed PSG Capital (Pty) Ltd as its sponsor with effect from 1 November 2013.
28-Oct-2013
(Official Notice)
At the annual general meeting of shareholders of the company held on Monday, 28 October 2013 (in terms of the notice of annual general meeting contained in the Company's 2013 Integrated Annual Report issued on 30 September 2013), all of the resolutions were passed by the requisite majority of Niveus shareholders.
30-Sep-2013
(Official Notice)
Shareholders are advised that the companys Integrated Annual Report, encompassing the annual financial statements for the year ended 31 March 2013, was posted to shareholders on Friday, 27 September 2013 and contains certain modifications to the reviewed results which were published on Thursday, 23 May 2013.



Notice is hereby given that the annual general meeting of Niveus Investments Ltd (the company) will be held on Monday, 28 October 2013 at 10:30 at the registered offices of the company, Block B, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001.
22-Jul-2013
(Official Notice)
The General Meeting of shareholders was held on 22 July 2013, at the offices of Niveus, Block B, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001. The ordinary resolution relating to the approval of the dividend declared was passed by 93.4%, being more than the requisite majority vote required.



Shareholders are referred to the announcement released on 25 June 2013. The gross dividend of 18 cents per share, with a net dividend of 15.3 cents per share after Dividends Withholding Tax of 15%, or the option to elect a capitalisation issue alternative of 1 share for every 70 shares held is approved. The current number of ordinary shares in issue is 112 619 087 and the Income Tax Reference Number of Niveus is 9564137843.



The important dates below should be noted:

* Last day to trade ("LDT") cum div: Thursday, 1 August

* List day ex-dividend: Friday, 2 August

* Record date: Thursday , 8 August

* Payment date or issue date: Monday, 12 August

* Adjustment of number of new securities: Wednesday , 14 August



Share certificates may not be dematerialised or rematerialised between Friday, 2 August 2013 and Thursday, 8 August 2013, both days inclusive.
25-Jun-2013
(Official Notice)
Niveus' reviewed abridged consolidated results for the year ended 31 March 2013 were released on SENS on 23 May 2013. This included reference to a proposed dividend and a capitalisation issue alternative. The Directors of Niveus propose a gross cash dividend of 18 cents per share or the option to elect a capitalisation issue alternative of 1 share for every 70 shares held, subject to shareholder approval. There are no Secondary Tax on Company ("STC") credits available and the net cash dividend is 15.3 cents per share.



If approved at the general meeting to be held as detailed below, the following dates are applicable:

* Finalisation Announcement: Monday, 22 July 2013

* Last day to trade ("LDT") cum div: Thursday, 1 August 2013

* List day ex-dividend: Friday, 2 August 2013

* Record date: Thursday, 8 August 2013

* Payment date or issue date: Monday, 12 August 2013

* Adjustment of number of new securities: Wednesday, 14 August 2013



Share certificates may not be dematerialised or rematerialised between Friday, 2 August 2013 and Thursday, 8 August 2013, both days inclusive. The Circular was posted to Niveus Shareholders and notice is hereby given that the general meeting will be held at the offices of Niveus, Block B, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001, on Monday, 22 July 2013 at 10:30am.
24-May-2013
(Official Notice)
Niveus shareholders are advised that Mr M J A Golding has resigned as a director of Niveus with immediate effect in order to concentrate on the media assets in the HCI group.
23-May-2013
(C)
The following are the company's maiden results. Group revenue was R856.1 million whilst earnings before interest and tax were R101.9 million. Profit attributable to equity holders was R290.4 million. Furthermore, headline earnings per share from continuing operations were 50.7cps.



Dividend

While the company remains committed to its dividend policy, the board recommends providing shareholders with a scrip alternative in light of the group pursuing various growth opportunities. A detailed announcement will follow in due course.
03-May-2013
(Official Notice)
In terms of the Listing Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.



Niveus accordingly advises that for the year ended 31 March 2013 the company expects its financial results to fall within the following ranges:

*Earnings per share: 280-320 cents

*Headline earnings per share: 40-48cents



Shareholders are advised that the results for the current year are not comparable to that of the prior year as the group entered into a number of acquisition transactions as detailed in the pre-listing statement and announcements made on SENS on 11 December 2012 and 14 January 2013. The pro-forma results for the prior year, as disclosed in the prelisting statement, does not reflect the negative goodwill on the acquisition of KWV Holdings Ltd (KWV) nor the loss on the sale of Formex Industries Proprietary Limited, details of which were published on SENS on respectively 11 December 2012 and 14 January 2013 and the financial effects of which have been adjusted for in the headline earnings per share in 2013.



Furthermore, the pro-forma results included the results of the acquired companies (excluding KWV) for a full 12 months whereas the acquisitions and disposal occurred mid-year. The headline earnings per share for 2013 is therefore not comparable to that of the pro-forma financial information in the pre-listing statement. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. Shareholders are advised that the results for the year ended 31 March 2013 will be released mid-May 2013.

26-Apr-2013
(Official Notice)
Shareholders of Niveus were referred to the announcement dated 2 April 2013, in connection with the circular to shareholders and notice of general meeting for the approval of the following:

*The Niveus Employee Share Scheme;

*specific issue of shares for cash;

*amendments to the MOI;

*directors' remuneration; and

*general authority to provide financial assistance



Niveus shareholders are advised that at the general meeting held today, 26 April 2013, the special resolutions and the ordinary resolutions proposed were approved. Accordingly all conditions have been fulfilled.
10-Apr-2013
(Official Notice)
Niveus shareholders were informed that Mr Khutso Ignatius Mampeule has been appointed as an independent non-executive director of Niveus with effect from 10 April 2013.
02-Apr-2013
(Official Notice)
A circular to shareholders and notice of general meeting for approval of the following:

*Niveus Employee Share Scheme;

*specific issue of shares for cash;

*amendments to the MOI;

*directors' remuneration; and

*general authority to provide financial assistance

has been posted to shareholders on Thursday, 28th March 2013. The general meeting will be held at the office of Niveus, Block B, Longkloof Studios, Darters Road, Gardens, Cape Town, 8001 at 10:00 on Friday, 26 April 2013. The Record Date to vote at for the general meeting is Friday, 19th April 2013.
14-Jan-2013
(Official Notice)
Shareholders were advised that agreement has been reached between HCI and Niveus (the "Parties") whereby HCI will acquire Formex from Niveus for a cash consideration of R23 400 000 (collectively the ("Transaction").



Overview of Formex

Formex is primarily engaged in the manufacturing and supply of tubular and exhaust-related components.



Terms of the transaction

Niveus will sell all of the shares and loan claims in Formex to HCI for an amount of R23 400 000 to be settled in cash. The transaction will be effective from 14 January 2013.



Small related party transaction

HCI is a 52.3% shareholder of Niveus and is accordingly a related party to Niveus in terms of the Listings Requirements. BDO Corporate Finance (Pty) Ltd., as the independent professional expert, has confirmed that the Transaction is fair to the shareholders of Niveus and their fairness opinion is available for inspection at Niveus? registered office for a period of 28 days from the date of this announcement. The fairness opinion has been approved by the JSE Ltd.
11-Dec-2012
(Official Notice)
Niveus advised shareholders that it has concluded an agreement to acquire 8 000 000 ordinary shares of KWV from Withmore Investments 1 (Pty) Ltd. (the "Seller"), being 11.67% of the issued share capital of KWV net of treasury shares (the "Sale Shares"), in exchange for cash and the issue of new Niveus ordinary shares ("Niveus Shares") on the terms set out in below (the "Transaction").



Terms of transaction

Niveus has concluded an agreement to acquire the Sale Shares from the Seller, being 11.67% of the issued share capital of KWV net of treasury shares, in exchange for a cash amount of R7 344 000 and the issue of 5 500 000 new Niveus Shares. Niveus shareholder approval placing the unissued shares under the control of the Niveus directors has been granted by way of an ordinary resolution in terms of clause 9.2.2 of Niveus' memorandum of incorporation.



Conditions precedent

The Transaction is not subject to any conditions precedent and will be effective from the date of issue of the 5 500 000 Niveus Shares, which is expected to be on or about 14 December 2012.



Pro forma financial effects

The table below sets out the financial effects of the Transaction on Niveus shareholders assuming that Niveus acquires the Sale Shares based on the unaudited interim results of Niveus for the six months ended 30 September 2012.

Before - after:

* Earnings per Niveus share (cents) : 10.60 - 326.52

* Headline earnings per Niveus share (cents) : 12.68 - 4.72

* Net asset value ("NAV") per Niveus share (cents) : 467.37 - 727.31

* Weighted average number of Niveus shares ("thousands") : 82 879 - 88 376

* Actual number of Niveus shares ("thousands") : 107 119 - 112 619



Niveus shareholdings in KWN

At the Last Practicable Date, being 10 December 2012, Niveus owns a direct and indirect beneficial interest of 27 365 648 KWV ordinary shares (39.93% of KWV's ordinary shares (net of treasury shares)).
19-Nov-2012
(C)
The group's maiden revenue was R385.3 million and EBIT of R50.1 million was recorded. Profit attributable to equity holders was R8.8 million. Furthermore, headline earnings per share from continuing operations were 12.81cps.
21-Sep-2012
(Official Notice)
24-Sep-2017
(X)
Niveus Investments is a focused investment entity holding three principal unlisted investments across a diversified range of sectors. Niveus' intention is to focus on growing and fully developing the existing investments. Some of these are startups, turnarounds and some are businesses with a mature business model but have significant growth potential. The Group will also opportunistically pursue other investments with asymmetrical risk/reward profiles where it can leverage its management's expertise and experience. No specific industries or business profiles are targeted.



The highest peaks of mountain ranges are snow white (Niveus). Through the Griuop's investment philosophies, Niveus aims to achieve outcomes that will reach these pinnacles.


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