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23-Aug-2018
(Official Notice)
Shareholders are advised that Global Credit Ratings ("GCR") has undertaken a credit rating review of Octodec, as guarantor of wholly-owned subsidiary Premium Properties Limited's Domestic Medium Term Note Programme dated 23 February 2015. GCR has reaffirmed the national scale issuer ratings assigned to Octodec at A-(ZA) and A1-(ZA) in the long-term and short-term respectively, with the outlook accorded as stable on 21 August 2018.



A copy of the rating report can be obtained on request by contacting Anthony Stein, anthony@cityprop.co.za.
29-Jun-2018
(Official Notice)
Shareholders are advised that Elize Greeff, who previously represented City Property Administration (Pty) Ltd. (?City Property?), the appointed company secretary, has been appointed as company secretary to the Octodec Group of companies, replacing City Property, with effect from 1 July 2018.
29-Jun-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 30 May 2018, relating to the posting of a circular and notice of general meeting convened to approve a new asset and property management agreement with City Property Administration (Pty) Ltd. Shareholders are advised that at the general meeting of shareholders held on Thursday, 28 June 2018, convened in terms of the notice of general meeting dispatched to shareholders on 30 May 2018, all of the resolutions tabled thereat were passed by the requisite majority of Octodec shareholders.



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

-total number of Octodec shares in issue: 266 197 535;

-total number of Octodec shares that could have been voted at the general meeting: 166 498 845; and

-total number of Octodec shares that were present/represented at the general meeting: 192 503 012 being 72% of the total number of Octodec shares in issue.



The shares of the Wapnick family were taken into account for determination of a quorum but their votes were not taken into account for determining the results of the voting at the general meeting.

28-Jun-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 30 May 2018, relating to the posting of a circular and notice of general meeting convened to approval a new asset and property management agreement with City Property Administration (Pty) Ltd.



Shareholders are advised that at the general meeting of shareholders held on Thursday, 28 June 2018, convened in terms of the notice of general meeting dispatched to shareholders on 30 May 2018, all of the resolutions tabled thereat were passed by the requisite majority of Octodec shareholders.
30-May-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on Friday, 20 April 2018, and are advised that Octodec has today, 30 May 2018, posted a circular to Octodec shareholders (the "circular") relating to the signature of a new asset and property management agreement (the "new APMA") with City Property Administration (Pty) Ltd. The signature of the new APMA constitutes a related party transaction and is therefore subject to shareholder approval.



The circular contains a notice convening a general meeting of Octodec shareholders to be held at 10:00 on Thursday, 28 June 2018 at the company's registered office, CPA House, 101 Du Toit Street, Tshwane, 0001, for the purpose of considering, and if deemed fit, passing with or without modification, the resolutions required to approve, inter alia, the signature of the new APMA.



Copies of the circular are available on the company's website at www.octodec.co.za and may also be obtained from the offices of Octodec situated at CPA House, 101 Du Toit Street, Tshwane, 0001 during normal office hours until Thursday, 28 June 2018.



Salient dates and times

*Record date for receipt of circular (together with the notice convening the general meeting) - Friday, 25 May 2018

*Circular (together with the notice convening the general meeting) posted on Wednesday, 30 May 2018

*Announcement relating to the issue of the circular (together with the notice of general meeting) released on SENS on Wednesday, 30 May 2018

*Last day to trade in order to be eligible to vote at the general meeting - Tuesday, 19 June 2018

*Record date in order to be eligible to vote at the general meeting - Friday, 22 June 2018

*Last day to lodge forms of proxy in respect of the general meeting (for administrative purposes) (by 10:00), failing which forms of proxy may be handed to the chairman at any time - Tuesday, 26 June 2018

*General meeting held at 10:00 on Thursday, 28 June 2018

*Results of the general meeting published on SENS on Thursday, 28 June 2018
14-May-2018
(Official Notice)
Shareholders are advised that Ms Akua Koranteng, an independent non-executive director, has resigned from the board of directors of Octodec (?the board?), with effect from 10 May 2018.
23-Apr-2018
(C)
20-Apr-2018
(Official Notice)
29-Jan-2018
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Friday, 26 January 2018 (in terms of the notice of annual general meeting dispatched to shareholders on 15 December 2017), all of the resolutions tabled thereat were passed by the requisite majority of Octodec shareholders.
15-Dec-2017
(Official Notice)
Shareholders are advised that Octodec?s integrated report and audited annual financial statements for the year ended 31 August 2017 are available with immediate effect on the company?s website, www.octodec.co.za and contain no changes from the reviewed condensed consolidated provisional results of the group for the year ended 31 August 2017, released on SENS on 31 October 2017.



The integrated report has been dispatched to shareholders on 15 December 2017 and contains a notice of annual general meeting of Octodec, to be held at CPA House, 101 Du Toit Street, Tshwane, at 11:30 on Friday, 26 January 2018.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 16 January 2018 and the record date for voting purposes is Friday, 19 January 2018.



Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, is available on the company?s website.



31-Oct-2017
(C)
Revenue for the year increased to R1.831 billion (2016: R1.770 billion), operating profit rose slightly to R909.9 million (2016: R908.9 million), profit for the year fell 19.8% to R687.7 million (2016: R857.2 million), while headline earnings per share lowered to 171.2 cents per share (2016: 219.7 cents per share).



Dividend

The board of directors of Octodec declared a final cash dividend of 98.3 cents per share, for the six months ended 31 August 2017, out of the company's distributable income.



Company prospects

The continuing weakness in the economy and the resultant slowdown in consumer confidence has negatively impacted Octodec.



Notwithstanding the economic challenges, the experienced management team combined with the diversified portfolio with its large number of tenants, sound operating fundamentals and prudent capital management will contribute towards Octodec's resilience in these difficult times.



Octodec has already responded to the increased competition and changing trends in the residential sector by adjusting the tenant offering without compromising on recoverability of rentals and other standards. This, combined with prudent cost management, will support the overall performance during these trying times.



The disposal of non-core or non-performing properties also remains a major focus area.



The worsening economic climate, together with the effect of the phased take-up of rental space in the greenfield developments, which is normal when introducing newly built rental units to the residential market, will most likely result in no growth in distributions per share for the 2018 financial year.



This guidance is based on the following:

- forecasted investment property income is calculated using contractual rentals and assumed market-related renewals

- allowance for vacancies has been established using assumptions and historical experience

- no major corporate and tenant failures are assumed

- no further deterioration in the economic and social environments

- the phased take-up of rental space in greenfield developments is based on historical experience adjusted for the current economic environment.
31-Aug-2017
(Official Notice)
Shareholders are advised that Akua Aboagyewaa Koranteng has been appointed as an independent non-executive director of the company with effect from 1 September 2017 and will join the investment and social, ethics, remuneration - transformation committees as a committee member.



29-May-2017
(Official Notice)
Shareholders are referred to the declaration of a cash dividend of 104.8 cents per share (the ?cash dividend?) with an election to reinvest the cash dividend in return for Octodec shares (the ?share reinvestment alternative?), announced on SENS on Tuesday, 2 May 2017 (the ?declaration announcement?) for the six month period ended 28 February 2017 and the announcement of the reinvestment price per new share (being R22.60 per share) applicable to Octodec shareholders electing the share alternative, released on SENS on Tuesday, 16 May 2017.



Shareholders holding 115 285 964 Octodec shares or 44% of Octodec shares (prior to the election) qualifying to receive the cash dividend elected to receive the share reinvestment alternative, resulting in the issue of 5 324 857 new Octodec shares, retaining R120 341 768.20 (based on the issue price of R22.60 per new Octodec share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Octodec. Accordingly, a total cash dividend of R153 273 665.92 is payable today in respect of 146 253 498 Octodec shares.
16-May-2017
(Official Notice)
05-May-2017
(Official Notice)
Shareholders are referred to the announcement accompanying Octodec?s interim results for the six months ended 28 February 2017, released on SENS on 2 May 2017. Shareholders were advised that the Board of Directors of Octodec have declared a cash dividend of 104.8 cents per Octodec ordinary share of no par value for the six months ended 28 February 2017 and that shareholders have been provided with the election to reinvest the cash dividend in return for Octodec shares (the ?share reinvestment alternative?).



The circular relating to the share reinvestment alternative has been issued to Octodec shareholders. Copies of the circular may be obtained from the registered offices of Octodec, CPA House, 101 Du Toit Street, Pretoria, 0002 during normal business hours. The circular will also be available in electronic format on the company?s website at www.octodec.co.za.
02-May-2017
(C)
Revenue for the interim period grew to R897.2 million (R856.0 million). Operating profit went up 5.5% to R457.4 million (R433.6 million). Profit for the period lowered by 4.1% to R442.4 million (R461.5 million). In addition, headline earnings per share decreased to 87.6 cents per share (120.1 cents per share).



Distribution to shareholders

The rental income received by Octodec, less operating costs and interest on debt, is distributed to shareholders twice a year. The board declared a total distribution of 104.8 cents per share for the six-month period compared to 98.4 cents declared in the prior comparative period, an increase of 6.5%.



Company prospects

The recent downgrade of South Africa's foreign and local credit rating to below investment grade does not bode well for the people of South Africa. While the consequences of this downgrade are not yet clear, it will certainly impact interest rates and inflation, and is likely to push them upwards, weaken the rand and ultimately put pressure on disposable income. We believe that, despite the challenges of the economic environment, Octodec is well-positioned as a result of the resilience of its diversified portfolio consisting of a very large number of tenants, as well as the sound operating fundamentals that are firmly in place.



We are currently considering opportunities outside our traditional focus in Gauteng province that would increase our geographic diversification. While these opportunities would increase our geographic diversification they are in market sectors in which we have extensive experience and expertise.



Octodec uses distributable income per share as its relevant measure of performance. Current indications are that the growth in our distributable income per share is expected to be approximately 6% for the 2017 financial year.



This guidance is based on the following key assumptions:

* forecast investment property income is based on contractual rental escalations and market related renewals

* appropriate allowance for vacancies has been incorporated into the forecast

* no major corporate and tenant failures will occur

* no further deterioration in the economic, social and political environment.
30-Jan-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Friday, 27 January 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 15 December 2016), all of the resolutions tabled thereat were passed by the requisite majority of Octodec shareholders.



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

*total number of Octodec shares that could have been voted at the annual general meeting: 261 539 462; and

*total number of Octodec shares that were present/represented at the annual general meeting: 199 533 495 being 76% of the total number of Octodec shares that could have been voted at the annual general meeting.



20-Dec-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 15 December 2016 and are advised that the last day to trade in order to be eligible to participate in and vote at the annual general meeting was incorrectly stated as Tuesday, 17 January 2016 when it should have been Tuesday, 17 January 2017.
15-Dec-2016
(Official Notice)
Shareholders are advised that Octodec?s integrated report and audited annual financial statements for the year ended 31 August 2016 are available with immediate effect on the company?s website, www.octodec.co.za and contain no changes from the reviewed condensed consolidated provisional results of the group for the year ended 31 August 2016, released on SENS on 31 October 2016.



The integrated report has been dispatched to shareholders on Thursday, 15 December 2016 and contains a notice of annual general meeting of Octodec, to be held at CPA House, 101 Du Toit Street, Tshwane, at 11h30 on Friday, 27 January 2017.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 17 January 2016 and the record date for voting purposes is Friday, 20 January 2017.



28-Nov-2016
(Official Notice)
Shareholders are referred to the declaration of a cash dividend of 103.10 cents per share (the ?cash dividend?) with an election to reinvest the cash dividend in return for Octodec shares (the ?share reinvestment alternative?), announced on SENS on 31 October 2016 (the ?declaration announcement?) for the year ended 31 August 2016 and the announcement of the reinvestment price per new share (being R20.50 per share) applicable to Octodec shareholders electing the share alternative, released on SENS on 15 November 2016.



Shareholders holding 139 054 906 Octodec shares or 54.63% of Octodec shares (prior to the election) qualifying to receive the cash dividend elected to receive the share reinvestment alternative, resulting in the issue of 6 988 142 new Octodec shares, retaining R143 million (based on the issue price of R20.50 per new Octodec share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Octodec. Accordingly, a total cash dividend of R119 million is payable in respect of 115 496 414 Octodec shares.



Certificated shareholders who did not elect the share reinvestment alternative in respect of some or all of their shares and who have provided their bank details to Octodec?s transfer secretaries will have their bank accounts credited on 28 November 2016. Share certificates in respect of certificated shareholders who did elect the share reinvestment alternative in respect of some or all of their shares will be posted on Wednesday, 30 November 2016 to certificated shareholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share reinvestment alternative in respect of some or all of their shares will be credited with the cash dividend on 28 November 2016 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday, 30 November 2016 with their new Octodec shares.
15-Nov-2016
(Official Notice)
02-Nov-2016
(Official Notice)
Shareholders are referred to the announcement accompanying Octodec?s final results for the year ended 31 August 2016, released on SENS on 31 October 2016. Shareholders were advised that the directors of Octodec have declared a cash dividend of 103.1 cents per Octodec ordinary share of no par value for the six months ended 31 August 2016 and that shareholders have been provided with the election to reinvest the cash dividend in return for Octodec shares (the ?share reinvestment alternative?).



The circular relating to the share reinvestment alternative has been issued to Octodec shareholders. Copies of the circular may be obtained from the registered offices of Octodec, CPA House, 101 Du Toit Street, Pretoria, 0002 during normal business hours. The circular will also be available in electronic format on the company?s website at www.octodec.co.za.
31-Oct-2016
(C)
Revenue for the year ended 31 August 2016 increased to R1.8 billion (2015: R1.6 billion). Operating profit rose to R908.9 million (2015: R824 million), while profit for the year decreased to R857.2 million (2015: R1.3 billion). Headline earnings per share was higher at 219.7 cents per share (2015: 215.4 cents per share).



Distribution

The board of directors of Octodec declared a final cash dividend of 103.1 cents per share, for the twelve months ended 31 August 2016, out of the company's distributable income (the cash dividend).



Prospects

Octodec expect economic growth in South Africa to remain subdued, with weak consumer and business confidence and a tough operating environment. Gross domestic product (GDP) growth forecast for 2016 has been reduced, with the National Treasury lowering its forecast for GDP growth to 0.5%. If the rand holds relatively steady inflation is expected to end the year just below the Reserve Bank's upper 6.0% limit. The future of interest rate levels in the next 12 months is uncertain. Octodec uses distributable income per share as its relevant measure of performance. Against this backdrop current indications are that the growth in our distributable income per share is expected to be approximately 6% for the 2017 financial year.



This guidance is based on the following key assumptions:

*Forecast investment property income is based on contractual rental escalations and market related renewals

*Appropriate allowance for vacancies has been incorporated into the forecast

*No major corporate and tenant failures will occur

*Stable economic, social and political environment.



This forecast has been neither reviewed nor reported on by the group's auditors.



03-Oct-2016
(Official Notice)
Shareholders are advised that Java Capital has been appointed as sponsor to the company, replacing Nedbank Corporate and Investment Banking, with effect from 1 October 2016.



01-Sep-2016
(Official Notice)
Shareholders are advised that Octodec has appointed Stephanie Ainsworth (42) as chief risk officer, with effect from 1st September 2016.



30-May-2016
(Official Notice)
Shareholders are referred to Octodec?s reviewed interim results for the six months ended 29 February 2016 released on SENS on Tuesday, 3 May 2016 and the finalisation announcement for the dividend reinvestment alternative released on SENS on Thursday, 12 May 2016 relating to the declaration of a cash dividend in the amount of 98.4 cents per Octodec share (?the cash dividend?) with the option to reinvest the cash dividend (?the dividend reinvestment alternative?).



Octodec shareholders holding 51 439 103 Octodec shares, representing 20.4% of Octodec?s issued shares, elected to receive the dividend reinvestment alternative. As a result, 2 229 536 additional Octodec shares will be issued to shareholders who elected to receive the dividend reinvestment alternative. A gross amount of R197 668 558.10 has been paid to shareholders electing to receive the cash dividend.



Cheques have been posted to certificated shareholders and accounts have been credited by The Central Securities Depository Participants (?CSDPs?) or brokers to dematerialised shareholders in respect of the cash dividend on Monday, 30 May 2016. Share certificates will be posted to certificated shareholders and accounts credited by CSDPs or brokers to dematerialised shareholders in respect of the dividend reinvestment alternative on Wednesday, 1 June 2016.
12-May-2016
(Official Notice)
03-May-2016
(C)
Revenue for the interim period grew to R856.0 million (R808.2 million). Operating profit rose 6.8% to R433.6 million (R406.1 million). Profit for the period lost 39.5% to R461.5 million (R762.4 million). In addition, headline earnings per share increased to 120.1 cents per share (97.2 cents per share).



Declaration of cash dividend with the option to elect to reinvest the cash dividend in return for Octodec shares

The Board of Directors of Octodec declared an interim cash dividend of 98.4 cents per share, for the six months ended 29 February 2016, out of the company's distributable income ("the cash dividend").



Shareholders will be entitled, in respect of all or part of their shareholdings, to elect to reinvest the cash dividend in return for Octodec shares ("the dividend reinvestment alternative"). Those shareholders who elect not to reinvest will receive the cash dividend of 98.4 cents per share. The entitlement for shareholders to receive the dividend reinvestment alternative is subject to the Board agreeing on the pricing and terms of the dividend reinvestment alternative. The Board in its discretion may withdraw the dividend reinvestment alternative and such withdrawal will be communicated to shareholders prior to the finalisation announcement to be published by 11:00 on Friday, 13 May 2016.



A circular providing further information in respect of the cash dividend and dividend reinvestment alternative will be posted to shareholders on 3 May 2016.



Shareholders who have dematerialised their shares through a Central Securities Depository Participant ("CSDP") or broker should instruct their CSDP or broker with regard to their election in terms of the custody agreement entered into between them and their CSDP or broker.



Prospects

While the current challenging trading conditions are expected to continue, and possibly deteriorate even further, indications are that the dividend per share for the twelve-month period ending 31 August 2016 should increase by approximately 6% compared to the previous year.



This guidance is based on the following key assumptions:

* Forecast investment property income is based on contractual rental escalations and market related renewals;

* Appropriate allowance for vacancies has been incorporated into the forecast; and

* No major corporate and tenant failures will occur.
01-Feb-2016
(Official Notice)
Shareholders are advised of the voting results for the annual general meeting of Octodec (?the AGM?) held at the registered offices of the company on Friday, 29 January 2016.



Based on the above voting results, all resolutions were passed by the requisite majority of Octodec shareholders present in person or represented by proxy at the AGM.



11-Dec-2015
(Official Notice)
In compliance with section 3.22 of the JSE Ltd. Listings Requirements, information regarding the integrated report and the annual general meeting is set out below.



Integrated Report

Further to Octodec's reviewed provisional results for the twelve months ended 31 August 2015 that were released on SENS on 4 November 2015, the integrated report was posted to shareholders today. The annual financial statements contain no modifications to the aforementioned reviewed results.



Shareholders can also contact Elize Greeff at elizeg@octodec.co.za to request an electronic version of the integrated report which incorporates the notice of annual general meeting and form of proxy. In addition, the integrated report is also available on the company?s website, www.octodec.co.za.



Annual general meeting

The annual general meeting of shareholders of Octodec will be held on Friday, 29 January 2016 at 11:30 at the company's office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.



In terms of section 59 of the Companies Act, No 71 of 2008, the board of the company has set the record date for the purpose of determining which shareholders are entitled to participate in and vote at the annual general meeting as Friday, 22 January 2016. The last date to trade in order to be eligible to vote is Friday, 15 January 2016.
04-Dec-2015
(Official Notice)
Octodec has received upgraded national scale ratings of A(ZA) long term and A1(ZA) short term respectively, from Global Credit Rating (GCR). The outlook is accorded as stable. The previous rating done in October 2014 was A-(ZA) long term and A1-(ZA) short term respectively. Registration of the DMTN programme remains in the name of Premium Properties Ltd. (Premium), a wholly owned subsidiary of Octodec. The bond issuances are now irrevocably and unconditionally guaranteed by Octodec. As such, GCR has withdrawn the ratings accorded to Premium and will only accord ratings to Octodec going forward.
04-Nov-2015
(C)
Revenue for the year ended 31 August 2015 increased to R1.6 billion (2014: R537.8 million). Operating profit rose to R824 million (2014: R247.4 million), while profit for the year increased to R1.3 billion (2014: R386.2 million).



Distribution

Notice is hereby given that dividend number 51 of 92.4 cents (2014: 87.1 cents) per share (out of income reserves) has been declared for the period 1 March 2015 to 31 August 2015, payable to shareholders recorded in the register on Friday, 27 November 2015.



Prospects

A number of redevelopments of certain existing properties are underway, which should enhance the quality of the property portfolio and result in sustainable growing dividends in the future. Growth in the local economy is expected to remain subdued in the short to medium term. Barring unforeseen events, current indications are that the dividend per share for the twelve-month period ending 31 August 2016 should increase by between 6% and 8% compared to the prior comparative year.



14-Jul-2015
(Official Notice)
Shareholders are advised that Octodec has closed its book build announced earlier on 14 July 2015.



In light of strong demand, the amount of capital raised was increased from R300 million to R390 million through the placing of 15 918 367 shares at a price of R24.50 per share.



Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00 on Wednesday, 22 July 2015.



Java Capital acted as sole bookrunner.
14-Jul-2015
(Official Notice)
Octodec announces an equity raising of approximately R300 million through the issue of new shares (the ?equity raise?) that will be completed as part of a vendor consideration placing (as defined under paragraph 5.62 of the JSE Listings Requirements) and where required, under the company?s remaining general authority to issue shares for cash.



The equity raise will be implemented through an accelerated book build process (the ?book build?). All public and non-public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) may participate in the vendor consideration placing and only public investors may participate in the equity raise under the company?s general authority to the extent available and subject to a minimum subscription application of R1 million per applicant. The book build is now open and the company reserves the right to close it at anytime. The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the book build. Octodec reserves the right to increase the size of the equity raise subject to demand.
04-May-2015
(C)
Revenue for the interim period shot up to R808.2 million (R269.3 million). Operating profit jumped to R406.1 million (R126.7 million). Profit for the period multiplied to R762.4 million (R105.7 million). In addition, headline earnings per share was lower at 97.2 cents per share (107.3 cents per share).



Declaration of dividend 50

Notice is hereby given that dividend number 50 of 96.8 cents (88.6 cents) per share (out of income reserves) has been declared for the period 1 September 2014 to 28 February 2015, payable to shareholders recorded in the register on Friday, 29 May 2015.



Prospects

A number of redevelopments of certain existing properties are underway which should enhance the quality of the property portfolio and result in sustainable growing dividends in the future. Growth in the local economy is expected to remain subdued. Barring unforeseen events, current indications are that the dividend per share for the twelve-month period should increase by between 8.0% and 9.0% or amount to between 189.8 cents and 191.5 cents per share compared to the prior comparative period.



The forecast dividend for the twelve-month period is higher than the dividend of 187,4 cents per share which was presented in the merger circular dated 1 July 2014.
05-Mar-2015
(Media Comment)
Business Report announced that Octodec will invest R537 million in two redevelopments in Pretoria CBD. Octodec's plans to redevelop Centre Forum, a R375 million project, and a multipurpose development close to Church Square will breathe new life into the Pretoria CBD. Jeffrey Wapnick, managing director at Octodec, said that these projects will enhance Octodec's portfolio.
09-Feb-2015
(Official Notice)
Results of annual general meeting



Shareholders are advised that the voting results for the annual general meeting of Octodec (?the AGM?) held at

the registered offices of the Company on 9 February 2015:



*Based on 236 403 417 shares in issue as at the date of the AGM.



Based on the voting results, all resolutions were passed by the requisite majority of Octodec shareholders present in person or represented by proxy at the AGM.
17-Dec-2014
(Official Notice)
Further to Octodec's reviewed provisional results for the twelve months ended 31 August 2014 that were released on SENS on 30 October 2014, the integrated report was posted to shareholders today. The annual financial statements contain no modifications to the aforementioned reviewed results.



Annual general meeting

The annual general meeting of shareholders of Octodec will be held on Friday, 6 February 2015 at 11:30 at the company's office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the integrated report. The record date in terms of section 59 of the Companies Act, No 71 of 2008, for shareholders to be recorded on the securities register of the company in order to be able to attend, participate and vote at the annual general meeting is Friday, 30 January 2015.
30-Oct-2014
(C)
Revenue for the year ended 31 August 2014 increased to R537.8 million (2013: R506.7 million). Operating profit rose by 9.2% to R247.4 million (2013: R226.6 million), while profit for the year increased to R386.2 million (2013: R383.5 million).



Distribution

The company refer shareholders to the announcement on SENS dated 8 August and 28 October 2014 for the full details regarding the special distribution. The Special Distribution was estimated to be 86,84 cents per share based on the forecast distributable earnings of Octodec. The final amount of the Special Distribution of 87,1 cents per share is based on the reviewed provisional condensed consolidated financial statements of Octodec for the year ending 31 August 2014. The Special Distribution is payable to shareholders that were recorded in Octodec's register on Friday, 29 August 2014, which date is prior to the effective date of the Scheme.All rental income received by the group, less operating costs, administration costs and interest on debt, is distributed bi-annually. The group does not distribute capital profits.



Prospects

A number of redevelopments of certain existing properties are under way which will enhance the quality of the property portfolio and result in sustainable growing dividends in the future. Growth in the local economy is expected to remain subdued. Barring unforeseen events, current indications are that the increase in dividend per share for the next twelve-month period should be between 7,0% and 9,0%. This forecast has not been reviewed nor reported on by the group's auditors.
28-Oct-2014
(Official Notice)
05-Sep-2014
(Official Notice)
Messrs Michael Holmes, David Rose and Ian Stern were appointed to the Octodec Board as independent non-executive directors, and formed an independent sub-committee, which had been established for the sole purpose of considering the acquisition by Octodec, of the entire linked unit capital of Premium Properties Limited it does not own already ("the Transaction"). Their appointment to the Octodec Board was for the period 13 May 2014 until the effective date of the Transaction.



Linked unitholders are referred to the announcement dated 4 September 2014 in which Octodec linked unitholders were informed that the Transaction had been approved by the Competition Tribunal on 3 September 2014, and that all the conditions precedent relating to the Transaction have now been fulfilled. Messrs Holmes, Rose and Stern's appointments have come to an end with effect from 3 September 2014. The board of Octodec thanks them for serving on the board and independent sub-committee and for their contributions to the Transaction.
04-Sep-2014
(Official Notice)
Fulfilment of conditions precedent relating to, inter alia, the proposed acquisition by Octodec of the entire issued linked unit capital of Premium Properties Ltd. ("Premium") that it does not already own ("the Proposed Transaction") and the capital restructure of Octodec ("the Capital Restructure").



Octodec linked unitholders and Premium linked unitholders (collectively, "Linked Unitholders") are referred to the announcement dated 31 July 2014 and previous announcements relating to; inter alia, the Proposed Transaction and the Capital Restructure. Linked Unitholders are advised that the Proposed Transaction was approved by the Competition Tribunal on 3 September 2014, and accordingly all the conditions precedent to the Proposed Transaction and Capital Restructure have now been fulfilled.



Linked Unitholders are referred to the salient dates and times set out in the announcement dated 31 July 2014 for details of the timing of implementation of the Proposed Transaction and Capital Structure.
08-Aug-2014
(Official Notice)
The directors of Octodec have resolved to declare a distribution of the distributable earnings of Octodec for the six month period commencing 1 March 2014 and ending 31 August 2014 ("the Special Distribution") to Linked Unitholders that are recorded as such on Friday 29, August 2014, pursuant to the proposed acquisition by Octodec of the entire issued linked unit capital of Premium Properties Ltd. that it does not already own ("the Proposed Transaction"). The Proposed Transaction was approved by Linked Unitholders on Thursday, 31 July 2014.



The Special Distribution is estimated to be 86.84 cents per Octodec linked unit (Dividend No. 49) based on the forecast distributable earnings of Octodec for the six month period commencing 1 March 2014 and ending 31 August 2014. The final amount of the Special Distribution will be based on the reviewed financial statements of Octodec for the year ending 31 August 2014 and will be announced on SENS on 28 October 2014.



Salient dates

* Last date to trade "cum" Special Distribution : Monday, 25 August 2014

* Commence trading "ex" Special Distribution Monday, 25 August 2014

* Record date : Friday, 29 August 2014

* Finalisation date : Tuesday, 28 October 2014

* Payment date : Monday, 17 November 2014.
31-Jul-2014
(Official Notice)
01-Jul-2014
(Official Notice)
10-Jun-2014
(Official Notice)
Unitholders are referred to the joint cautionary announcement issued by Octodec and Premium on 7 April 2014.



Following this announcement of the terms of the Proposed Transaction, including the financial information and salient dates, Unitholders are no longer required to exercise caution when dealing in their linked units respectively.
10-Jun-2014
(Official Notice)
14-May-2014
(Official Notice)
Further to the joint cautionary announcement released on SENS on 7 April 2014, relating to the proposed merger of Octodec and Premium Properties Ltd. (the Proposed Merger), linked unitholders are advised that Michael Holmes, David Rose and Ian Stern have been appointed to the Octodec Board as independent non-executive directors with effect from 13 May 2014, to form part of an independent sub-committee which has been established for the sole purpose of considering the Proposed Merger.



08-May-2014
(Media Comment)
According to Business Report, the proposed merger between Octodec and its sister property company, Premium Properties Ltd. ("Premium"), was moving "full steam ahead." The MD of both companies, Jeffrey Wapnick, said the proposed merger will create a property fund with the largest residential real estate component of any property company listed on the JSE.
06-May-2014
(C)
Revenue for the interim period ended 28 February 2014 increased to R269.3 million (2013: R246 million). Operating profit rose to R126.7 million (2013: R110 million), and total comprehensive income for the period attributable to equity holders of the parent decreased to R89.6 million (2013: R124.5 million). Furthermore, headline earnings per linked unit strengthened to 107.3 cents per linked unit (2013: 82.9 cents per linked unit).



Dividend

Notice is hereby given that dividend number 48 of 88.60 cents (2013: 78.70 cents) per linked unit (out of income reserves) has been declared for the period 1 September 2013 to 28 February 2014



Prospects

Octodec is considering a number of redevelopment opportunities for certain existing properties which will enhance the quality of the property portfolio and result in sustainable growing distributions in the future. Growth in the local economy is expected to remain subdued. Barring unforeseen events, current indications are that the distribution for the next six-month period should be in line with the distribution for the first six-month period. This represents growth in distributions per linked unit of approximately 14% for the full financial year. The abovementioned information has not been reviewed nor reported on by the company's auditors.

07-Apr-2014
(Official Notice)
Linked unitholders of Octodec and Premium Properties Ltd. ("Premium") (collectively, "the Companies") are referred to the joint announcement dated 30 October 2013, wherein Unitholders were advised, that pursuant to the introduction of the Taxation Amendment Act (No. 22 of 2012) containing section 25BB Real Estate Investment Trusts tax dispensation, the boards of directors of Octodec and Premium (the "Boards") were considering a possible merger of the two companies (the "Proposed Merger").



Given that the Companies have now obtained REIT status, the Companies are in a position to advance the Proposed Merger. Accordingly, Unitholders are advised to exercise caution when dealing in their Octodec and Premium linked units, respectively, until a further announcement regarding the Proposed Merger is made.
07-Feb-2014
(Official Notice)
Linked unitholders are advised that, at the AGM of Octodec held at the registered office of the company today, 7 february 2014, all the resolutions were passed by the requisite majority of linked unitholders present and represented by proxy.
19-Dec-2013
(Official Notice)
Further to Octodec's reviewed provisional results for the twelve months ended 31 August 2013 that were released on SENS on 23 October 2013, the integrated report was posted to linked unitholders. The annual financial statements contain no material modifications to the aforementioned reviewed results.



Annual general meeting

The annual general meeting of linked unitholders of Octodec will be held on Friday, 7 February 2014 at 11:30 at the company's office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.
06-Dec-2013
(Official Notice)
Octodec linked unitholders are referred to the notice of the general meeting attached to the circular posted to linked unitholders on 14 November 2013. Linked unitholders are advised that at the general meeting held today, both the ordinary and special resolutions tabled were approved by the requisite majority of votes required from linked unitholders present in person or represented by proxy. The special resolution passed at the general meeting will be filed with, and registered where required, by the Companies and Intellectual Property Commission.



14-Nov-2013
(Official Notice)
Further to the announcement released on the Stock Exchange News Service of the JSE Limited on 30 October 2013, linked unitholders are advised that the circular relating to the Specific Issue (the "Circular" has today, 14 November 2013, been posted to Octodec linked unitholders and has been made available on Octodec's website, www.octodec.co.za.



A general meeting of Octodec linked unitholders will be held at CPA House, 101 du Toit Street, Pretoria, 0002 on Friday, 6 December 2013 (the "General Meeting"), commencing at 12:00, or at any adjournment thereof, to consider and, if deemed appropriate, to approve the resolutions as more fully set out in the notice of general meeting attached to the Circular.



The record date to determine linked unitholders who will be eligible to participate and vote at the General Meeting is Friday, 29 November 2013.
30-Oct-2013
(Official Notice)
30-Oct-2013
(Official Notice)
Shareholders are advised of the following appointment and changes to the various board committees at both Octodec and Premium Properties Ltd. ("Premium") which were approved at the board meetings held on 22 October, 2013 and are of immediate effect:



Appointment of Chief Risk Officer

Mr Peter Kruger (57), an executive director of City Property Administration (Pty) Ltd., the property management company for Octodec and Premium has been appointed as the Chief Risk Officer as well as a member of the Risk Committee.



Board committees

The Nominations Committee was separated from the Social - Ethics and Remuneration Committee and reconstituted. This committee now comprises of Ms S Wapnick (Chairman) and Messrs DP Cohen, G H Kemp, PJ Strydom and MZ Pollack. Ms S Wapnick has been appointed as a member of both the Risk Committee and the Social - Ethics and Remuneration Committee.
23-Oct-2013
(C)
Revenue for the year ended 31 August 2013 increased to R506.7 million (2012: R461.4 million). Operating profit rose by 5.3% to R226.6 million (2012: R215.3 million), while profit for the year soared to R383.5 million (2012: R109.9 million). Furthermore, headline earnings per linked unit grew to 163.7 cents per linked unit (2012: 141.8 cents per linked unit).



Dividend and interest payment

Notice was given that dividend number 47 of 0.39 cents (2012: 0.33 cents) (out of income reserves) and interest of 78.51 cents per debenture (2012: 65.77 cents), has been declared for the period 1 March 2013 to 31 August 2013.



Prospects

Octodec is considering a number of redevelopment opportunities for certain existing properties which will enhance the quality of the property portfolio and result in sustainable distributions in the future. Growth in the local economy is expected to remain subdued. Barring unforeseen events, current indications are that the growth in distributions per linked unit for the next financial year should be in line with the sector average growth rate.
01-Oct-2013
(Official Notice)
Linked unitholders are advised that Mr Gerard Kemp has been appointed to the boards of both Octodec and Premium (the "Companies") as an independent non-executive director with effect from 1 October 2013. Gerard will also serve on the Audit, Risk, Social - Ethics and Remuneration Committees as well as the newly formed Nominations Committee of the Companies.
26-Aug-2013
(Official Notice)
Linked unitholders are advised that the company's application to the JSE for Real Estate Investment Trust ("REIT") status has been approved by the JSE. Accordingly, Octodec will qualify as a REIT with effect from the commencement of its next financial year, being 1 September 2013.
25-Apr-2013
(C)
Revenue for the interim period ended 28 February 2013 increased to R246 million (2012: R215.8 million). Operating profit rose to R110 million (2012: R100 million), and total comprehensive income for the period attributable to equity holders of the parent increased to R124.5 million (2012: R60.5 million). Furthermore, headline earnings per linked unit strengthened to 82.9 cents per linked unit (2012: 75.6 cents per linked unit).



Dividend

Notice is hereby given that dividend number 46 of 0.39 cents (2012: 0.35 cents) per ordinary share and interest of 78.31 cents per debenture (2012: 70.85 cents), has been declared for the period 1 September 2012 to 28 February 2013.



Prospects

Octodec is considering a number of redevelopment opportunities of existing properties which should enhance the quality of the property portfolio and result in sustainable distributions. Growth in the local economy is expected to remain subdued. Notwithstanding this environment, and barring unforeseen events, Octodec anticipates that the percentage growth rate in distributions per linked unit for the full 12-month period should be similar to that achieved in the first six-month period.

01-Feb-2013
(Official Notice)
Linked unitholders were advised that, at the AGM of Octodec held at the registered office of the company today, 1 February 2012, all the resolutions were passed by the requisite majority of linked unitholders present and represented by proxy.
21-Dec-2012
(Official Notice)
Further to Octodec's reviewed condensed results for the year ended 31 August 2012 that were released on SENS on 22 October 2012, the annual report was posted to linked unitholders today, 21 December 2012. The annual financial statements contain no material modifications to the aforementioned reviewed results.



Annual general meeting

The annual general meeting of linked unitholders of Octodec will be held on Friday, 1 February 2013 at 11:30 at the company's office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the annual report.



The record date in terms of section 59 of the Companies Act, No 71 of 2008, for linked unitholders to be recorded on the securities register of the company in order to be able to attend, participate and vote at the annual general meeting is Friday, 25 January 2013.
10-Dec-2012
(Official Notice)
22-Oct-2012
(C)
Revenue improved to R461.4 million (R388.5 million). Operating profit was up 18.7% to R215.3 million (R181.4 million). A net attributable profit of R109.9 million (loss of R2.9 million) was made. In addition, headline earnings per linked unit grew to 141.8cplu (120.9cplu).



Distribution

Dividend number 45 of 0.33c (0.32c) per ordinary share together with interest of 65.77c per debenture (63.98c), has been declared for the period 1 March 2012 to 31 August 2012.



Prospects

Growth in the local economy is expected to remain subdued. Notwithstanding this environment, and barring unforeseen events, Octodec anticipates that growth in distributions per linked unit for the 2013 financial year should be at least in line with the sector average.
20-Aug-2012
(Official Notice)
Octodec linked unitholders are referred to the R300 million renounceable rights offer that closed on Friday, 17 August 2012 and are advised that the rights offer was 131.47% subscribed. Octodec linked unitholders or their renouncees subscribed for 18 042 332 linked units in terms of their existing linked unitholdings and 6 842 326 linked units in terms of excess applications, comprising 95.32% and 36.15% of the 18 927 445 Octodec linked units offered in terms of the rights offer, respectively.



On Monday, 20 August 2012, linked unit certificates will be posted to certificated linked unitholders who followed their rights and the CSDP or broker accounts of dematerialised linked unitholders, or their renouncees, who followed their rights will be debited and updated. On Wednesday, 22 August 2012, linked unit certificates and refund cheques will be posted to certificated linked unitholders in respect of successful and unsuccessful excess applications, respectively. In addition, the CSDP or broker accounts of dematerialised linked unitholders who have applied for excess applications will be debited and updated according to the excess applications allocated to them.
30-Jul-2012
(Official Notice)
Octodec linked unitholders are advised that the circular relating to the renounceable rights offer of 18 927 445 new Octodec linked units at an issue price of 1 585 cents per linked unit will be posted to Octodec linked unitholders on 30 July 2012.
13-Jul-2012
(Official Notice)
11-Jul-2012
(Official Notice)
Octodec linked unitholders are advised that, at the general meeting held at the registered offices of the company, the ordinary resolution relating to a waiver of the obligation by the Wapnick family to make a mandatory offer in terms of Regulation 86(1) of the Companies Act, which may arise as a result of following their rights and taking up excess applications in terms of a rights offer, was passed by the requisite majority of Octodec linked unitholders present or represented by proxy.
11-Jun-2012
(Official Notice)
19-Apr-2012
(C)
Revenue for the interim period ended 29 February 2012 increased to R215.8 million (2011: R186.1 million). Operating profit jumped by 15% to R100 million (2011: R87 million), but total comprehensive income for the period attributable to equity holders of the parent decreased to R53.4 million (2011: R61.1 million). Furthermore, headline earnings per linked unit weakened to 75.6 cents per linked unit (2011: 78 cents per linked unit).



Dividend

Notice was given that dividend number 44 of 0.35 cents (28 February 2011: 0.32 cents) per ordinary share (out of income reserves) and interest of 70.85 cents per debenture (28 February 2011: 64.68 cents), has been declared for the period 1 September 2011 to 29 February 2012. Therefore the total dividend is 71.2 cents per linked unit.



Prospects

Due to the focus on the letting of properties with vacancies and the upgrading of properties, management is optimistic Octodec will deliver growth in distributions per linked unit for the full twelve month period similar to that achieved in the first six-month period.
12-Mar-2012
(Official Notice)
Shareholders are advised that Mr Derek Pedoe Cohen, an independent non- executive director of Octodec, has now been appointed as a lead independent director. The appointment is effective from 13 December 2011.
08-Feb-2012
(Official Notice)
The board of Octodec announce the appointment of Petrus Jacobus Strydom, to the board as an Independent Non Executive director with effect from 6 February 2012. Mr Strydom has also been appointed as a member of the Company's Risk and Audit Committee.
06-Feb-2012
(Official Notice)
Linked unitholders are advised that, at the AGM of Octodec held at the registered office of the company on Friday, 3 February 2012, all the resolutions were passed by the requisite majority of linked unitholders present and represented by proxy, except ordinary resolution number five relating to the authority to issue shares for cash which was withdrawn prior to the AGM.
03-Jan-2012
(Official Notice)
Further to Octodec's reviewed results for the year ended 31 August 2011 that were published on Friday, 21 October 2011, the annual report was posted to linked unitholders on Friday, 30 December 2011. The annual financial statements contain no material modifications to the aforementioned reviewed results.



The annual general meeting of linked unitholders of Octodec will be held on Friday, 3 February 2012 at 11:30 at the company?s office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
14-Nov-2011
(Official Notice)
Shareholders were advised that RMB Securities (Pty) Ltd ("RMB Securities") has notified Octodec that it has disposed of a beneficial interest in securities of the company, such that the total beneficial interest of Octodec securities held by RMB Securities is now 16.42% of the total issued Octodec securities.
21-Oct-2011
(C)
Revenue improved to R388.5 million (R333.7 million). Operating profit was up 7.7% to R181.6 million (R168.3 million). A net attributable loss of R2.9 million (profit of R95.4 million) was made. In addition, headline earnings per linked unit fell to 121.4c (128.2cplu). Vacancies in the Octodec portfolio at 31 August 2011 amounted to 16.8% of total lettable area.



Distribution

Dividend number 43 of 0.32c (0.33c) per ordinary share together with interest of 63.98c per debenture (65.27c), has been declared for the period 1 March 2011 to 31 August 2011.



Outlook

The current economic environment, specifically the tightening of consumer spending is likely to further impact on distribution growth. However as a result of a major focus on the upgrading of properties, management is optimistic that Octodec will deliver an increase in distributions in the next financial year.
02-Sep-2011
(Official Notice)
Linked unitholders are hereby advised that Mr Alec Wapnick has resigned from the board of Octodec as executive chairman, with effect from 30 September 2011. Sharon Wapnick will assume the position of non-executive chairman with effect from 1 October 2011.
04-May-2011
(Official Notice)
Octodec linked unitholders were advised that Octodec, through its wholly-owned subsidiary Presmooi (Pty) Ltd, has entered into an offer to purchase ("the agreement") with The Tannery Industrial Park (Pty) Ltd ("the seller") to acquire Erf 1385, Silverton Extension 1 and Portion 224 of the Farm Hartebeestpoort no 328, registration division JR, Gauteng, together with the property leasing enterprise ("the property"), from the seller ("the acquisition"). The property is commonly known as The Tannery Industrial Park and is situated at 309 Derdepoortweg, Silverton, Pretoria. The acquisition will be effective upon fulfilment of the condition precedent, which is expected to be during July 2011.



Rationale for the acquisition

In alignment with Octodec's strategy of actively pursuing redevelopment and investment opportunities that will enhance the overall quality and value of its portfolio, the acquisition represents an attractive investment in a prime location, situated in a busy industrial area in Silverton, Pretoria. The property caters for a variety of enterprises and proudly hosts more than 124 light industrial factories. The acquisition is likely to continue to contribute to the long term growth of Octodec's distributions.



Consideration for the acquisition

The total purchase consideration for the acquisition is R153.75 million ("the purchase price"), which includes agent's commission and other costs in the amount of R3.75 million. The purchase price will be settled in cash.



Condition precedent

The acquisition is subject to competition authorities approval, if required.
26-Apr-2011
(C)
Revenue rose to R186.1 million (R158.5 million). Operating profit was up 6.3% to R87 million (R81.8 million). Net attributable profit increased to R61.1 million (R60.8 million). In addition, headline earnings per linked unit grew to 78c (64.4cplu).



Distribution

Notice was given that dividend number 42 of 0.32c (0.32c) per ordinary share together with interest of 64.68c per debenture (64.78c), was declared for the period 1 September 2010 to 28 February 2011.



Outlook

Challenging market conditions have influenced the demand for space, causing a slower take up of vacancies with new tenants reluctant to take on new space. Although the local economy has emerged from a recession, it is anticipated that the growth in the economy will remain subdued in the short to medium term. The board believes that distributable earnings for the second six month period will be on a par with, if not better than the distributable earnings reported for the six months ended 28 February 2011.
04-Feb-2011
(Official Notice)
Linked unitholders are advised that, at the annual general meeting of Octodec held at the registered office of the company, all the resolutions were passed by the requisite majority of linked unitholders present and represented by proxy. The special resolution will be registered with the Companies and Intellectual Property Registration Office in due course.
12-Jan-2011
(Official Notice)
Linked unitholders are advised that, at the general meeting of Octodec linked unitholders held today, all the resolutions were passed by the requisite majority of shareholders present and represented by proxy.
10-Jan-2011
(Official Notice)
Annual report

Further to Octodec's reviewed results for the year ended 31 August 2010 that were published on Thursday, 21 October 2010, the annual report was posted to linked unitholders on Tuesday, 4 January 2011. The annual financial statements contain no material modifications to the aforementioned reviewed results.



Annual general meeting

The annual general meeting of linked unitholders of Octodec will be held on Friday, 4 February 2011 at 11:30 at the company's office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
20-Dec-2010
(Official Notice)
Linked unitholders were advised that a circular has been posted setting out the relevant information relating to the adoption of a new management agreement between Octodec and City Property Administration (Pty) Ltd ("the management agreement"), and incorporating a notice of general meeting. The general meeting of linked unitholders will be held at CPA House, 101 Du Toit Street, Pretoria on Wednesday, 12 January 2011 at 11:30 for the purpose of considering and, if deemed fit, passing the necessary resolutions for the adoption of the management agreement.
21 Oct 2010 13:18:58
(C)
Revenue increased to R333.7 million (R321.8 million). Operating profit declined by 5.8% to R168.3 million (R178.7 million), but net attributable profit staged a turnaround to R82.9 million (loss of R8.1 million). In addition, headline earnings per linked unit dropped to 128.2c (137.5cplu).



Distribution

Notice was given that dividend number 41 of 0.33 cents (2009: 0.33 cents) per ordinary share together with interest of 65.27 cents per debenture (2009: 66.37 cents), has been declared for the period 1 March 2010 to 31 August 2010.



Outlook

The current economic environment has influenced the demand for space, causing a slower take up of vacancies and slowing rental growth. Despite this, the board believes that distributable earnings for the next financial year should show positive growth.
21 May 2010 15:04:57
(Official Notice)
Octodec linked unit holders are advised that Presmooi (Pty) Ltd ("the purchaser"), a wholly owned subsidiary of Octodec, has entered into various agreements for the acquisition of five properties ("the properties") as detailed below ("the acquisitions"):

* an agreement with Afhco (Pty) Ltd ("Afhco") for the purchase of the property and letting enterprise commonly known as "Castle Mansions", situated at 170 Jeppe Street, Johannesburg, Gauteng for a purchase price of R40 720 000;

* an agreement with Afhco for the purchase of the property and letting enterprise commonly known as "Raschers", situated at 70 Loveday Street, Johannesburg, Gauteng for a purchase price of R5 875 687;

* property and letting enterprise commonly known as "Temple Court", situated at 169 Jeppe Street, Johannesburg, Gauteng for a purchase price of R7 810 770;

* an agreement with Rapiprop 101 (Pty) Ltd for the purchase of the property and letting enterprise commonly known as "Record House", situated at 86 Eloff Street, Johannesburg, Gauteng for a purchase price of R10 600 672; and

* an agreement with Purple Fountain Properties 59 (Pty) Ltd for the purchase of the property and letting enterprise commonly known as "Medical Towers", situated at 179 Jeppe Street, Johannesburg, Gauteng for a purchase price of R14 521 649.

The effective date of each of the acquisitions is on the date of transfer of each of the properties to the purchaser, which is expected to be during August 2010.



Rationale for the acquisitions

In line with Octodec's strategy of actively pursuing redevelopment and investment opportunities that will enhance the overall quality and value of its portfolio, the acquisitions represent attractive investments situated in the Johannesburg central business district.



Consideration for the acquisitions

The total purchase consideration for the acquisitions is R79 528 778 ("the purchase consideration"). The purchaser will be liable for the commission, transfer duty and other costs in the amount of R5 831 772 in respect of the acquisitions. In addition, the purchaser has budgeted to spend an amount of approximately R2 700 000 on the upgrading of certain of the properties and elevators.
22 Apr 2010 15:31:15
(C)
Revenue for the period increased to R158.4 million (2009: R156.5 million) . Operating profit decreased to R81.8 million (2009: R90.7 million). Total comprehensive income attributable to shareholders rose to R60.7 million (2009: R17.6 million) . Furthermore, headline earnings per linked unit fell to 64.4 cps (2009: 69 cps) .



Dividend

Dividend number 40 of 0.32 cents (2009: 0.31 cents) per ordinary share together with interest of 64.78 cents per debenture (2009: 61,89 cents), has been declared for the period 1 September 2009 to 28 February 2010, resulting in a dividend of 65.10.



Prospects

Challenging market conditions have influenced the demand for space, causing a slower take up of vacancies and slowing of rental growth. The company does not expect trading conditions to improve significantly during the next six months. The board believes that distributable earnings for the second six month period will be on a par with the distributable earnings reported for the six months ended 28 February 2010.
08-Feb-2010
(Official Notice)
Linked unitholders are advised that, at the annual general meeting of Octodec held on Friday,5 February 2010, all resolutions were passed by the requisite majority of linked unitholders present and represented by proxy, apart from ordinary resolutions number two and three, which relate to the issue of shares for cash and special resolution number one, relating to a general authority to repurchase shares, which were withdrawn prior to the commencement of the annual general meeting.
08-Jan-2010
(Official Notice)
Further to Octodec's reviewed results for the year ended 31 August 2009 that were published on Friday, 23 October 2009, the annual report was posted to linked unit holders today. The annual financial statements contain no material modifications to the aforementioned reviewed results.



Annual general meeting

The annual general meeting of linked unit holders of Octodec will be held on Friday, 05 February 2010 at 11:30 at the company's office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
26 Oct 2009 17:41:40
(Official Notice)
Results of the partial offer by A Wapnick, JP Wapnick and S Wapnick and Octodec Investments Ltd to acquire 10% of the Premium linked units held by Premium linked unitholders, on a pro rata basis. Premium linked unitholders are referred to the announcement released on SENS on Thursday, 27 August 2009 informing linked unitholders of the terms of the partial offer.

Linked unitholders are now advised that as at 12:00 on Friday, 23 October 2009, the closing date of the partial offer, the consortium had received the following acceptances from Premium linked unitholders:

*10% partial offer - 891 028 Premium linked units equating to 0.68% of the Premium linked units held by Premium linked unitholders.

*Excess partial offer allocations - 242,911 Premium linked units equating to 0.19% of the Premium linked units held by Premium linked unitholders.The consortium elected to accept all of the excess allocations received.



The consortium has acquired 1 133 939 linked units, representing 0.87% of the Premium linked units held by Premium linked unitholders through the partial offer. The consortium now holds 35.28% of the Premium linked units in issue, of which the Wapnick Family holds 24.33% and Octodec holds the remaining 10.95%. Premium linked unitholders are hereby advised that the partial offer has been successfully concluded, is now closed and that no acceptances received after 12:00 on Friday, 23 October 2009 have or will be considered.

23 Oct 2009 15:52:47
(C)
Revenue increased from R272.9 million to R320.2 million in 2009. Loss increased to R37.5 million (Profit :2008:R122.9 million). Loss attributable to ordinary shareholders increased to R8.1 million (Profit:R113.7 million). Headline earnings on a per share basis decreased to 5.90cps (137.50cps).



Dividends per linked unit

A dividend number 39 of 0,33 cents (2008: 0,30 cents) per ordinary share together with interest of 66,37 cents per debenture (2008: 60,70 cents), has been declared for the period 1 March 2009 to 31 August 2009, payable to linked unit holders recorded in the register on Friday, 20 November 2009.



Prospects

The current economic environment has influenced the demand for space, causing a slower take up of vacancies and slowing rental growth. Despite this, the board will endeavor to achieve distributable earnings on a par with the previous year.
01 Oct 2009 13:36:13
(Official Notice)
Octodec unitholders are advised that all the conditions precedent to the partial offer have been fulfilled. The partial offer has become unconditional and will open from the commencement of business on Friday, 2 October 2009.
01 Jul 2009 17:02:22
(Official Notice)
Mr Anthony Stein has been appointed as the financial director of Octodec with immediate effect.
23 Apr 2009 13:45:46
(C)
Revenue increased to R156.5 million (R143 million). Net profit attributable to linked unitholders declined to R17.7 million (R113.3 million). In addition, headline earnings per linked unit fell by 3.8% to 75cplu (77.9cplu).



Distribution

A final ordinary distribution of 62.20cps has been declared.



Prospects

Challenging market conditions have influenced the demand for space, causing a slower take up of vacancies and slowing of rental growth. The company does not expect trading conditions to improve significantly during the next six months. Despite this, the company will benefit from the much improved performance of its Johannesburg CBD property, Inner Court, as well as the recent reductions in interest rates. The board believes that distributable earnings for the second six month period will be on a par with, if not better than the distributable earnings reported for the six months ended 28 February 2009.
06-Feb-2009
(Official Notice)
Linked unitholders are advised that, at the annual general meeting of Octodec held on Friday, 6 February, 2009, all resolutions were passed by the requisite majority of linked unitholders present and represented by proxy, other than special resolution number one which was withdrawn prior to the commencement of the annual general meeting.
02 Jan 2009 16:48:32
(Official Notice)
The annual report will be posted to linked unitholders on Monday, 5 January 2009. The annual financial statements contain no material modifications.

The annual general meeting of linked unitholders of Octodec will be held on Friday, 6 February 2009 at 11:30 at the company's office, CPA House, 101 Du Toit Street, Pretoria to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
23 Oct 2008 13:35:23
(C)
Revenue increased to R273 million (R223 million). Nevertheless, net income attributable to linked unitholders declined to R109.8 million (R200.2 million). In addition, headline earnings per linked unit was up 24.6% to 142.3cplu (114.2cplu).



Distribution

A final ordinary distribution of 61cplu has been declared.



Prospects

The difficult retail trading environment is expected to continue and will impact on distribution growth. International markets are depressed and the effects continue to spill over into the domestic economy. Rental growth is expected to slow and higher operating costs and interest are expected to impact on profitability. Despite this, the board believes that distributable earnings will be on a par with, if not better than the previous year.
21 Oct 2008 17:05:42
(Official Notice)
Linked unitholders are advised that the total distribution per linked unit for the twelve months ended 31 August 2008 is expected to be between 15% and 16% higher than that of the prior comparative period. The results for the year ended 31 August 2008 have not been reviewed and reported on by Octodec's auditors and are expected to be released on or about 23 October 2008.
05 Jun 2008 12:14:16
(Media Comment)
An article in Finweek reported that the Wapnick family, the controlling shareholders of Octodec and sister company Premium Properties Ltd ("Premium"), have started to buy shares in the two property loan stock company's. The article says that this is a good sign and investors should follow their lead. The prices of Octodec and Premium have fallen by more than 30% over the past six months, hurt by rising interest rates. But Octodec and Premium have hedged their interest rate risks successfully, with most of that risk hedged at 10.6% and 10.2% respectively. Both the shares are now 12% less than their NAVs.
21 Apr 2008 17:15:12
(C)
Revenue increased to R143 million (R110.7 million) for the year ended 29 February 2008. Income attributable to linked unitholders fell to R113.3 million (R142.1 million). Nevertheless, Headline earnings surged 36.3% to 77.9cplu (57.2cplu).



Dividend

Dividend number 36 of 0.30 cents (0.27 cents) per ordinary share together with interest of 61.30 cents per debenture (53.73 cents), for the period 1 September 2007 to 29 February 2008 has been declared.



Prospects

The current economic environment, specifically the tightening of consumer spending as well as the increases in the interest rates is likely to have an impact on the distribution growth, however management is optimistic that the company will continue to deliver above average distribution growth.
15-Feb-2008
(Official Notice)
Linked unitholders are advised that, at the annual general meeting of Octodec held at the company?s office on Friday, 8 February 2008, all the resolutions were passed by the requisite majority of shareholders present or represented by proxy thereat. The special resolution will be submitted for registration at the Registrar of Companies in due course.
10-Aug-2007
(Official Notice)
Octodec and Premium linked unitholders are advised that the Funds, in conjunction with Nedbank Capital, have concluded a private placement of new linked units in the Funds, with selected institutions, to fund the new developments.



The placing process entailed:

* the issue by Octodec of new linked units at an issue price of R18.51 per new linked unit, which includes a notional distribution prepayment of R0.25 per new linked unit; and

* the issue by Premium of new linked units at an issue price of R13.86 per new linked unit, which includes a notional distribution prepayment of R0.19 cents per new linked unit.



The new Octodec linked units will be issued at a 0% discount to the 30 day volume weighted average traded price per Octodec linked unit measured over the 30 trading days prior to the date that the price of the new Octodec linked units were agreed to by the Octodec directors.

The new Premium linked units will be issued at a discount of 0.4% to the 30 day volume weighted average traded price per Premium linked unit over the 30 days prior to the date that the price of new Premium linked units were agreed to by the Premium directors. The new linked units will rank pari passu with the existing linked units in the Funds from the date of their issue.
22-Feb-2007
(Official Notice)
The distribution per linked unit for the six months ending 28 February 2007 is expected to be between 20% and 30% higher than that of the prior comparative period. The results for the six months ending 28 February 2007 are expected to be released on or about Friday, 20 April 2007.
20 Apr 2006 14:53:58
(C)
The redevelopment of Killarney Mall Shopping Centre, favourable renewals of leases, strict expense control as well as extremely favourable trading conditions have all contributed to the group's growth. Rental income and net rental income increased by 24.7% to R84.45 million (R67.72 million) and 34.3% to R53.59 million (R39.90million) respectively, compared with the previous six month period.



Distribution

A dividend of 0.21c (0.14c) per ordinary share together with interest of 42.29c per debenture (31.46c), for the period 1 September 2005 to 28 February 2006 had been declared.



Prospects

The group is optimistic about its ability to grow earnings on par with, if not better than, the market average, due to its continued focus on its strategic priorities and expected continuation of favourable economic conditions.
03 Mar 2006 16:57:53
(Official Notice)
Octodec will be adopting distribution per linked unit (being a proxy for cash flow per linked unit) as the financial results measure for trading statement purposes, for reporting periods commencing on 1 September 2005. The distribution per linked unit for the six months ended 28 February 2006 are expected to be between 25% and 35% higher than those of the prior comparative period. The reviewed results for the six months ended 28 February 2006 are expected to be released on or about 18 April 2006.
03 Mar 2006 16:56:56
(Official Notice)
At the annual general meeting of Octodec held at the company's office on 3 Mar 06, all the resolutions were passed by the requisite majority. The special resolution will be submitted for registration at the Registrar of Companies in due course.
09 Feb 2006 10:41:32
(Official Notice)
Further to Octodec's abridged reviewed results for the year ended 31 August 2005 that were published on 19 October 2005, the annual report was posted on 07 February 2006. The annual financial statements contain no modifications to the aforementioned reviewed results. The annual general meeting of linked unitholders of Octodec will be held on 03 March 2006.
19 Oct 2005 17:01:05
(C)
A stable interest rate environment and management's pro-active approach to letting as well as unlocking the value of Octodec's assets by an ongoing programme of redevelopment and upgrading, resulted in growth in earnings and distributions. Rental income increased by 9.0% to R122.5 million (R112.3 million) and net rental income by 5.7% to R79.7 million (R75.4 million). Headline earnings per linked unit increased by 6.6% to 69.1cpu (64.8 cpu). Octodec paid an interim distribution of 31.6cpu. The total distribution for the year of 67.7cpu (60.0 cpu) equates to an increase of 12.8% on that paid in the previous corresponding period.



Prospects

Over the last year extensive work has been done to enhance the quality of the portfolio. This, combined with a positive outlook for the SA economy as well as a stable interest rate environment and the benefit of the refurbished Killarney Mall will enable Octodec to continue to deliver good growth in distributions per linked unit.



19-Feb-2018
(X)
Octodec, a real estate investment trust (REIT) listed on the Johannesburg Stock Exhange and one of the largest owners of property in the Tshwane and Johannesburg CBDs,is committed to delivering long-term stakeholder value through an innovative and visionary perspective on property investment.



Octodec is included in the two main JSE property indices and has the most significant residential property portfolio among the REITs listed on the JSE



The portfolio includes shopping centres, a substantial amount of inner city retail and residential properties (blocks of flats), a range of large and small industrial properties, a number of office buildings and limited vacant land. Octodec is one of the single largest owners of property in the Tshwane and Johannesburg CBDs. Octodec?s portfolio of properties is managed by City Property.


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