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06-Nov-2018
(Official Notice)
01-Nov-2018
(Official Notice)
The JSE wishes to advise Orion Real Estate Ltd. has failed to comply with the JSE's Listings Requirements by not submitting its provisional financial statements within the three-month period stipulated in the Listings Requirements. The listing of this company?s securities has therefore been suspended with immediate effect. This announcement has been placed by the JSE in the interest of shareholders.

16-Oct-2018
(Official Notice)
The Johannesburg Stock Exchange (?JSE?) advised that Orion has failed to submit its provisional report within the three-month period stipulated in the JSE's Listings Requirements.



Accordingly, the company?s listing on the JSE trading system has been annotated with an "RE" to indicate that it has failed to submit its provisional report timeously and that the listing of this company?s securities is under threat of suspension and possible removal.



If Orion still fails to submit its provisional report on or before 31 October 2018, then its listing may be suspended.



This announcement has been placed by the JSE in the interest of shareholders.
11-Oct-2018
(Official Notice)
Notice is hereby given in accordance with section 45(5) of the Companies Act, No. 71 of 2008 (?the Companies Act?) that, pursuant to the authority granted to the board of directors of Orion ("the Board") by shareholders at the annual general meetings of the Company held on 24 January 2017 and 20 February 2018 and the Board has adopted a resolution to provide financial assistance to related and/or inter-related entities as contemplated in section 45(2) of the Companies Act (?Financial Assistance?). This resolution was passed to ratify and/or approve Financial Assistance provided up to the date of the board meeting as Orion provides a treasury function to the group on a daily basis. The board also has approved Financial Assistance for the forthcoming year up to the date of the next annual general meeting.



The resolutions passed by the Board ratifies and/or approves historical Financial Assistance as well as authorising the Company to provide financial assistance to its subsidiaries and inter- related entities, as envisaged in terms of section 45 of the Companies Act going forward. The authority to provide Financial Assistance includes that which exceeds a tenth of 1% of the Company?s net worth.



The Board, prior to authorising the Financial Assistance, considered and satisfied itself, in terms of section 45 of the Companies Act, that:

*immediately after providing the Financial Assistance, the Company would satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act;

*the terms of the Financial Assistance are fair and reasonable in relation to the Company; and

*there has been due compliance with the Company?s Memorandum of Incorporation and with the Companies Act.



In ratifying and approving the historical Financial Assistance, the board also considered the historical solvency and liquidity on a monthly basis and the fact that the solvency and liquidity had also been considered at its quarterly board meetings and considers that this approval regularises compliance with the Companies Act.
17-Sep-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 20 March 2018 and are hereby advised that the company is no longer proceeding with the acquisition of the EC Property as detailed below:



Stand 3059, 3080 and RE of 3087

Property name: University of PE

Address: Stands 3059, 3080 and RE of 3087 North End

Location: Nelson Mandela Bay, Eastern Cape

Sector: Commercial



All other properties are in the process of being transferred and occupation commenced with effect from 1 September 2018.
16-Jul-2018
(Official Notice)
Shareholders are referred to the announcement on SENS on 4 June 2018, and are advised that Orion Real Estate will not be pursuing the acquisitions.



Accordingly, shareholders are advised that the cautionary announcement is withdrawn.
20-Jun-2018
(Official Notice)
Shareholders are advised that RSM South Africa Incorporated (?RSM?) has been appointed as the Company?s external auditor for the current financial year ending 30 June 2018, with Mr Louis Quintal as the designated audit partner, replacing BDO South Africa Incorporated.



The change in audit firm, effective immediately, was initiated by the Company as a measure to ensure the effective management of the cost of the audit for the foreseeable future. The Audit Committee considered proposals from several auditing firms before nominating RSM for appointment as the external auditor of the Company.
04-Jun-2018
(Official Notice)
Shareholders are advised that Orion has entered into acquisition negotiations in respect of two properties for a combined consideration of R120 million to be settled in a combination of shares and cash, which if successfully concluded, may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a further announcement is made.
28-Mar-2018
(Official Notice)
Shareholders are advised that the results announcement disseminated by Profile Data on their website, including notifications sent out to subscribers of Profile Data, contained incorrect information erroneously generated by Profile Data regarding the trading results of Orion for the half year ended 31 December 2017.



Profile Data have apologised to the Company for their error and have advised that they are currently experiencing technical problems and are working on a solution to resolve the problem.



Shareholders are advised that the correct announcement can be viewed on the Company?s website (www.oriongroup.co.za), the JSE website (www.JSE.co.za) and on the Moneyweb website (www.moneyweb.co.za).
27-Mar-2018
(C)
Revenue for the interim period decreased to R44.8 million (2016: R47.7 million), operating profit before interest climbed to R14.6 million (2016: R10.4 million), profit after taxation soared to R8.1 million (2016: R2.6 million), while headline earnings per share grew to 1.29 cents per share (2016: 0.42 cents per share).



Dividends

No dividends have been declared for the six months ended 31 December 2017.



Future prospects

While trading conditions remained tight during the reporting period, the future prospects has improved due to the benefit of cost savings and tighter controls coming through as well as the probable acquisition of ten properties subsequent to year end which will result in an improved revenue going forward.
23-Mar-2018
(Official Notice)
Shareholders are advised that both earnings per share and headline earnings per share for the six-month period ended 31 December 2017 have improved by 207% on the previous period ended 31 December 2016. This translates to an EPS of 1.29 cents per share for the 6-month period ended 31 December 2017; up from 0.42 cents per share for the period ending 31 December 2016.
22-Mar-2018
(Official Notice)
Shareholders are referred to the announcements published on SENS on Monday, 20 March 2018.



With regard to the values attributed to the properties outlined in the announcements, shareholders are advised that the valuations were all prepared by W J Hewitt who is an independent external valuer as defined by Section 13 of the JSE Listings Requirements.



W J Hewitt is a professional valuer and is registered in terms of Section 20(2)(a) and Section 43(8) of the Property Valuers Profession Act, 2000, Registration Number 12.

20-Mar-2018
(Official Notice)
20-Mar-2018
(Official Notice)
22-Feb-2018
(Official Notice)
Shareholders are advised that at the general meeting of Orion held on 20 February 2018, convened in terms of the notice of general meeting contained in the Annual Report, all resolutions were accepted.
16-Jan-2018
(Official Notice)
Shareholders are advised that the Company?s integrated annual report incorporating the annual financial statements for the year ended 30 June 2017, the Notice of AGM and the Form of Proxy was originally posted to shareholders on 22 December 2017.



It has come to the Company?s attention that certain information and/or resolutions were omitted from the AGM notice. Accordingly, an amended AGM Notice and Form of Proxy was posted to shareholders on Monday, 15 January 2018.



Record Dates and date of AGM

The record date for the purpose of determining which shareholders of the Company are entitled to receive this Notice of Annual General Meeting is Friday, 5 January 2018. The record date for purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 9 February 2018.



The date of the annual general meeting remains Tuesday, 20 February 2018.



27-Dec-2017
(Official Notice)
Shareholders are advised that the Company?s integrated annual report incorporating the annual financial statements for the year ended 30 June 2017 has been posted to shareholders on 22 December 2017. Other than a typographical error on the non-controlling interest, which was incorrectly reflected as (R7 637) in the results published on SENS as opposed to (R3 637) as correctly reflected in the annual report, the audited financial statements contain no modifications to the reviewed results released on SENS on 7 December 2017. The Annual Report is also available on the Company?s website, www.oriongroup.co.za.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on Tuesday, 20 February 2018, in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.
13-Dec-2017
(Official Notice)
Shareholders are referred to the previous renewal of cautionary announcements, the last of which was dated 1 November 2017 and are advised that the exclusivity period with Lipzzan Real Estate Investment Trust (Pty) Ltd. has now expired and a transaction will not be pursued at present.



The company has received a number of other serious approaches relating to the injection of assets. However, these are at an early stage of discussion and accordingly the cautionary announcement has been withdrawn as it is not expected that active negotiations will commence until mid-January 2018.
11-Dec-2017
(Official Notice)
Shareholders are advised that, following the publication of the audited results of Orion Real Estate, the suspension in trade in the company?s securities will be lifted from the commencement of business on 12 December 2017.



07-Dec-2017
(C)
Revenue for the year grew to R90.3 million (R820 million) whilst operating profit before interest tumbled to R8.0 million (R21.0 million). Total comprehensive loss for the year attributable to shareholders came in at R7.1 million (income of R2.1 million). Furthermore, headline earnings per share were 0.52cps (loss of 2.78cps).



Distributions

The board has considered the requirements for a distribution and advise that no distribution (0.9cps) will be declared for the year ended 30 June 2017.



Company future prospects

While trading conditions remained tight during the reporting period, the future prospects have improved from the prior period, with an increase in revenue over the prior period due to increase in occupancy and improved controls being implemented. This is set to continue in the new financial year.



A number of initiatives are underway, which are intended to both increase the properties held by the group, the results of operations as well as increasing shareholder spread.
07-Dec-2017
(Official Notice)
Shareholders are advised of the following revised figures for the year ended 30 June 2017:

*basic and diluted loss per share of (1.13) cents per share, which is a reduction of 439% when compared to the basic and diluted earnings per share of 0.33 cents reported for the corresponding year ended 30 June 2016; and

*headline and diluted headline earnings per share of 0.52 cents per share, which is an improvement of 119% when compared to the headline loss per share of 2.78 cents reported for the corresponding year ended 30 June 2016.



The above information has not been reviewed or reported on by the Company?s auditors and the Company?s audited results for the year ended 30 June 2017 are expected to be published on 7 December 2017.



30-Nov-2017
(Official Notice)
Shareholders are referred to the trading statement published on SENS on 16 November 2017 (?the Original Trading Statement?). In terms of paragraph 3.4(b)(iv) of the Listings Requirements of the Johannesburg Stock Exchange, shareholders are advised of the following revised figures for the year ended 30 June 2017:

- basic and diluted loss per share of 0.78 cents per share (the Original Trading Statement reported 0.62 cents loss per share) which is a reduction of 336% when compared to the basic and diluted earnings per share of 0.33 cents reported for the corresponding year ended 30 June 2016; and

- headline and diluted headline loss per share of 6.95 cents per share (the Original Trading Statement reported 1.24 cents earnings per share) which is a reduction of 150% when compared to the headline loss per share of 2.78 cents reported for the corresponding year ended 30 June 2016.



This reduction was due to the loss of control in Elma Park (Pty) Ltd. and the downwards adjustment of the undeveloped land.



The above information has not been reviewed or reported on by the Company?s auditors and the Company?s results for the year ended 30 June 2017 are expected to be published on or about 1 December 2017.
16-Nov-2017
(Official Notice)
Following a protracted and acrimonious levy dispute between the Elma Park trustees and Orion Real Estate Ltd., the High Court placed Erf 195 Elma Park Ltd. (?Elma Park?) in final liquidation on 22 September 2016. The impact of this resulted in a write- down of property values amounting to R74.1 million. However, future earnings and cash flow of the group is expected to increase as Orion was previously incurring significant losses in relation to this property. Other than the impact described above, Orion and its subsidiaries will not be adversely affected by the above event going forward.



The board advised shareholders that the basic and diluted earnings per share have decreased from 0.33 cents for the year ended 30 June 2016 to a loss of 0.62 cents per share for the year ended 30 June 2017, a decrease of 288%. This decrease is mainly due to the write-off of Elma Park and the downward valuation adjustment of the adjacent undeveloped land amounting to a total write-down of R74.1 million.



The headline and diluted headline earnings per share have increased to 1.24 cents per share for the year ended 30 June 2017 from a headline loss per share of 2.78 cents per share for the year ended 30 June 2016, an increase of 145%. This increase was due to property revenue increasing by 10%, other income increasing by 172%, costs reducing by 9%, finance costs reducing by 24% and finance income increasing by 14%.



The company expects its results for the year ended 30 June 2017 to be released on SENS before 30 November 2017.
01-Nov-2017
(Official Notice)
Shareholders are advised that the audited results are expected to be published on or before 16 November 2017 due to delays in finalising the audit, which are outside the control of the Company.
01-Nov-2017
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that, the abovementioned company has failed to comply with the JSE's Listings Requirements by not submitting their provisional report within the three- month period stipulated in the Listings Requirements. Accordingly, the listing of their securities has been suspended with immediate effect.



This announcement has been placed by the JSE in the interest of shareholders.
01-Nov-2017
(Official Notice)
Shareholders are referred to the previous detailed cautionary announcement issued by the Company, dated 19 September 2017. Negotiations are still ongoing with Lipzzan Real Estate Investment Trust (Pty) Ltd. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made
17-Oct-2017
(Official Notice)
The Johannesburg Stock Exchange (?JSE?) advised that the above mentioned company has failed to submit its provisional report within the three-month period stipulated in the JSE's Listings Requirements.



Accordingly, the company?s listing on the JSE trading system has been annotated with an "RE" to indicate that the company has failed to submit its provisional report timeously and that the listing of the company?s securities is under threat of suspension and possible removal. Should the company still fail to submit its provisional report by the end of the month of October 2017 its listing will be suspended.



This announcement has been placed by the JSE in the interest of shareholders.
10-Oct-2017
(Official Notice)
Shareholders are hereby notified that in accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listings Requirements, the company?s Annual Compliance Report, in terms of section 13G(2) of the Act, has been published and is available on the company?s website, www.oriongroup.co.za.
19-Sep-2017
(Official Notice)
Shareholders are referred to the previous detailed cautionary announcement issued by the Company, dated 4 August 2017. Negotiations are still ongoing with Lipzzan Real Estate Investment Trust (Pty) Ltd.; accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made
04-Aug-2017
(Official Notice)
Shareholders are advised that Orion Real Estate Ltd. (?Orion?) and Lipizzan Real Estate Investment Trust (Pty) Ltd. (?Lipizzan?) have entered into a Memorandum of Understanding whereby Lippizzan will sell properties for cash and shares in Orion (?the Transaction?), subject to a number of conditions precedent.



Orion has undertaken to deal exclusively with this Transaction and Lipizzan for a period of four months from the acceptance of the proposal. The Transaction will be conditional, inter alia, upon the following:

*Orion conducting a due diligence exercise on the relevant assets and group entities involved in the Transaction and acceptance of the information derived from the due diligence investigation;

*conclusion of the sale and purchase agreements (and such other agreements as the parties may wish to conclude in relation to the Transaction) between Orion and the Sellers;

*corporate authorisations and approvals of the Sellers and Orion shareholders and directors;

*the granting and conclusion of funding agreements in relation to the Cash Element of the purchase price between Orion and its financiers;

*regulatory approvals being obtained (a set of specific conditions will be included in the relevant agreements to cover any mandatory and suspensory competition and regulatory approvals. The relevant approvals will be confirmed pending completion of the competition and regulatory analysis).



Detailed terms, financial information and other information will be published following the completion of the due diligence exercise and on the conclusion of the various legal agreements.



Cautionary announcement

With regard to the above Transaction, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.
31-May-2017
(Official Notice)
Shareholders are advised that Mr Deran Dabideen BCom (Hons) has been appointed as Chief Financial Officer with effect from 1 June 2017.
04-Apr-2017
(C)
Revenue for the interim period grew to R47.7 million (R42.9 million). Operating profit before interest improved to R10.4 million (R10.2 million), Profit and total comprehensive income for the year attributable to shareholders dipped to R2.6 million (R5.0 million). In addition, headline earnings per share almost halves to 0.42cps (0.8cps).



Dividends

A dividend relating to the 2015 financial year was paid on the 7th of November 2016 (R14 821 419.17).



On the 19th of December 2016, a dividend was paid relating to the 2016 financial year (R5 676 288.19). Although the headline earnings for the group showed a loss, this is due to one company within the group, being Erf 195 Elma Park, that had made a loss for the period. All other companies had made a profit and being a real estate investment trust (REIT), dividends are required to be declared and paid based on the individual company's distributable earnings and not that of the group as a whole.



Future prospects

While trading conditions remained tight during the reporting period, the future prospects has improved since the prior period with an increase in revenue over the prior period due to increase in occupancy and improved controls being implemented. This is set to continue in the second half of the year
03-Apr-2017
(Official Notice)
Shareholders are advised that earnings per share and headline earnings per share for the six month period ended 31 December 2016 is expected to be 47.5% lower than that of the previous period ended 31 December 2015 down to 0.42 cents per share from 0.80 cents per share.
01-Mar-2017
(Official Notice)
The board of directors announced the resignation of Mr John Connaway with effect from 28 February 2017. The board will seek to appoint a new financial director as soon as possible.
30-Jan-2017
(Official Notice)
Further to the announcement released on SENS on 28 December 2016 shareholders are advised that at the general meeting of Orion held on 24 January 2017, convened in terms of the notice of general meeting contained in the Annual Report, the voting information is as follows:

*Number of ordinary shares represented at the meeting - 597 079 704

*Total issued number of ordinary shares - 630 698 688

*Percentage of ordinary shares represented at the meeting - 94.67%



28-Dec-2016
(Official Notice)
Shareholders are advised that the company?s integrated annual report, incorporating the annual financial statements for the year ended 30 June 2016, has been printed and will be posted to shareholders on or about 28 December 2016. The audited financial statements contain no modifications to the reviewed results released on SENS on 31 October 2016. The annual report is also available on the company?s website, www.oriongroup.co.za.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on Tuesday, 24 January 2017, in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



Record dates

The record date for the posting of the integrated annual report was Thursday, 15 December 2016. The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the meeting is Friday, 13 January 2017. Accordingly, only shareholders who are registered in the register of members of the company on Friday, 13 January 2017 will be entitled to participate in and vote at the annual general meeting.



The last day to trade in order to be eligible to vote at the annual general meeting is Tuesday, 10 January 2017.

24-Nov-2016
(Official Notice)
31-Oct-2016
(C)
Revenue for the year dropped to R82 million (2015: R99.5 million). Operating profit before interest slumped to R21 million (2015: R45.7 million), profit and total comprehensive income for the year attributable to owners of the parent fell to R2.1 million (2015: R109.8 million). Furthermore, headline loss per share widened to 2.78 cps (2015: loss of 0.57 cps).



Dividends

Year ended 30 June 2016

It is intended that a distribution of R5 583 870 will be made by the holding company to all its shareholders before 31 December 2016. A separate announcement providing details and salient dates relating to the dividend distribution will be made once the company has finalised the audit for the year ended 30 June 2016.



Year ended 30 June 2015

As announced on SENS on 14 October 2016, a distribution of 2.35 cents per share in respect of the year ended 30 June 2015, will be paid to shareholders on 7 November 2016.



Prospects

Despite challenging economic and socio-political conditions and tight cashflows, the group continues pursuing its dynamic strategy of redeveloping its portfolio and seeking investment and development opportunities.
28-Oct-2016
(Official Notice)
Further to the initial trading statement issued on 29 September 2016, shareholders are advised that the Company?s overall financial results for the year ended 30 June 2016 are expected to decrease by approximately 98% to approximately 0.33 cents per share from 17.52 cents earnings per share for the year ended 30 June 2015.



The headline loss per share is expected to increase by more than 100% to around (2.78) cents per share from a headline loss of (0.57) cents per share for the prior year ended 30 June 2015 due to an adjusting event after the end of the reporting period. The information on which this announcement has been based has not been reviewed or reported on by the group?s auditors. The Company expects to publish its results on 31 October 2016.

18-Oct-2016
(Official Notice)
The Johannesburg Stock Exchange (?JSE?) wishes to advise that the above mentioned company has failed to submit its provisional report within the three-month period stipulated in the JSE's Listings Requirements.



Accordingly, the company?s listing on the JSE trading system has been annotated with an "RE" to indicate that the company has failed to submit its provisional report timeously and that the listing of the company?s securities is under threat of suspension and possible removal. Should the company still fail to submit its provisional report by 31 October 2016 its listing will be suspended.



This announcement has been placed by the JSE in the interest of shareholders.
14-Oct-2016
(Official Notice)
Shareholders are referred to the cautionary announcement dated 3 October 2016 and are advised that the company has retained its REIT status as defined in the JSE Listings Requirements.



Shareholders are advised that a distribution of 2.35 cents per share has been declared payable in cash to shareholders in respect of the year ended 30 June 2015.

This is the first distribution to shareholders since the transition of the Company to a REIT.



Orion was granted REIT status by the JSE with effect from 10 April 2015 in line with the REIT structure as provided for in the Income Tax Act, 58 of 1962, as amended from time-to-time (the ?Income Tax Act?) and section 13 of the JSE Listings Requirements. The JSE approved Orion?s status as a REIT provided that after 1 July 2015 the ratio of the company?s total consolidated liabilities to total consolidated assets must be based on the total consolidated liabilities as reflected in the IFRS financial statements and no separate adjustment may be made for any debentures. This condition was met and the Company properly prepared its Annual Financial Statements and filed its tax returns as a REIT for the year ended 30 June 2015. It is also noted that the tax assessment was received during September 2016 and the qualifying distribution has been allowed by SARS. The distribution was erroneously not made within the 6 month period in terms of the JSE Listings Requirements during the Company?s transition to a REIT due to the unfortunate passing of two Financial Directors of Orion within less than 12 months over this period.



The REIT structure is a tax regime that allows a REIT to deduct qualifying distributions paid to investors, in determining its taxable income.



Shareholders? attention is drawn to the following salient dates:

*Last day to trade cum dividend - Tuesday, 1 November 2016

*Trading commences ex dividend - Wednesday, 2 November 2016

*Record date for payment of the distribution - Friday, 4 November 2016

*Date of payment of the distribution - Monday, 7 November 2016



Shares may not be rematerialised or dematerialised between 2 November and 4 November 2016, both days inclusive.



Any changes to the salient dates will be announced on SENS.



Withdrawal of cautionary announcement

Shareholders are advised that pursuant to the above declaration of the distribution for the year ended 30 June 2015, the cautionary announcement is now withdrawn.

05-Oct-2016
(Official Notice)
Shareholders are advised that at the General Meeting of shareholders held on Tuesday, 4 October 2016, all the resolutions tabled at the meeting were passed by the requisite majority of Orion shareholders.
03-Oct-2016
(Official Notice)
Shareholders are advised that Orion has identified that the first distribution to shareholders since the transition of the Company to a REIT has not yet been made. The distribution was erroneously not made within the six month period in terms of the JSE Listings Requirements following the passing of the Financial Director during the Company?s transition to a REIT and the belief that the JSE REIT status only applied from 1 July 2015. This bona fide error has now been identified and reported to the JSE by the Company and the Company is in discussions with the JSE and will be approaching SARS to seek to regularise the matter.



Orion was granted REIT status by the JSE with effect from 10 April 2015 in line with the REIT structure as provided for in the Income Tax Act, 58 of 1962, as amended from time-to-time (the ?Income Tax Act?) and section 13 of the JSE Listings Requirements. The JSE approved Orion?s status as a REIT provided that after 1 July 2015 the ratio of the company?s total consolidated liabilities to total consolidated assets must be based on the total consolidated liabilities as reflected in the IFRS financial statements and no separate adjustment may be made for any debentures. This condition was met and the Company properly prepared its Annual Financial Statements and filed its tax returns as a REIT for the year ended 30 June 2015.



Accordingly, shareholders are advised to exercise caution until a further announcement is made.
29-Sep-2016
(Official Notice)
Following a protracted and acrimonious levy dispute between the Elma Park trustees and Orion Real Estate Ltd., the High Court placed Erf 195 Elma Park Ltd in provisional liquidation. The impact of this will be to reduce the net asset value of the Orion Group by approximately 9 cents per share. However, it is expected to improve the future earnings and cash flow of the group as Orion was previously incurring a net loss in relation to this property. Other than the impact described above, Orion and its subsidiaries will not be adversely affected by the above event going forward. The company is, inter alia, busy assessing the impact of this post balance sheet event on its results for the year ended 30 June 2016 in terms of IFRS.



Due to the above, and also due to difficult trading conditions over the past year, the board would like to inform shareholders that the company?s overall financial results for the year ended 30 June 2016 are expected to decrease by more than 20% from the financial results published for the year ended 30 June 2015, being 17.52 cents earnings per share and (0.57) cents headline loss per share. An updated trading statement will be released once a range is finalised.



Shareholders are accordingly advised that Orion?s annual financial statements will be released later than the deadline of 30 September 2016. Orion has communicated this fact with the JSE and will endeavour to release its results as soon as practicable.



14-Sep-2016
(Official Notice)
Shareholders are advised that Mr John Connaway CA(SA) has been appointed as Chief Financial Officer with effect from 14 September 2016.
09-Sep-2016
(Official Notice)
Shareholders are referred to the previous announcements on SENS detailing, inter alia, the acquisition of Safari Lodge and are advised that the circular to shareholders has been posted to shareholders, including a notice of General Meeting.



The General Meeting will be held at 10h00 on Tuesday, 4 October 2016 at 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.



The record date to determine which shareholders are eligible to receive the circular was Friday, 26 August 2016.



The Last Day to Trade and Record Date in order to be eligible to vote is Tuesday, 20 September 2016 and Friday, 23 September 2016 respectively.
01-Sep-2016
(Official Notice)
Shareholders are referred to the SENS announcement released on 19 July 2016 detailing the delay in the posting of the circular.



The circular is being finalised and is expected to be posted to shareholders on or about 5 September 2016.



19-Jul-2016
(Official Notice)
Shareholders are referred to the SENS announcement released on 18 May 2016 detailing the acquisition of Safari Lodge, a specific issue of shares for cash and the Company?s intention to establish a domestic medium-term note programme. Shareholders are also referred to the announcement released on 8 June 2016 regarding the passing of Mr AB Old.



Shareholders are advised that the posting of the circular has been delayed owing to the untimely passing of Mr Old, who was instrumental in providing the financial information to be included in the circular. The information has subsequently been received, the circular has been submitted to the JSE and an application for an extension of the date of posting of the circular has been made to the JSE.



As such, it is expected that the circular will be posted to shareholders by mid-August 2016. A further announcement will be made once the circular has been finalised.
08-Jun-2016
(Official Notice)
The board of directors announced the untimely passing of Mr Anthony Old.
18-May-2016
(Official Notice)
15-Apr-2016
(Official Notice)
An error was made in the comparative information in preparing the Group?s condensed unaudited interim financial results announcement for the six months ended 31 December 2015 published on 30 March 2016. The comparative Headline Earnings per Share and Diluted Headline Earnings per Share figures for the year ended 30 June 2015 were incorrectly reported as 17.52 cents and 17.51 cents respectively. These figures were correctly reported in the audited results announcement published on 29 September 2015.
30-Mar-2016
(C)
Revenue for the year lowered to R45.4 million (R52.3 million). Operating profit before interest decreased to R10.2 million (R14.9 million). Profit for the period attributable to shareholders rose to R5.0 million (R4.2 million). In addition, headline earnings per share improved to 0.80cps (0.75cps).



Dividends

No dividends were paid or declared during the financial period under review.



Future prospects

The trading conditions remained tight during the reporting period, the drop in revenue were partially offset by cost savings which have continued to be a major emphasis for the Group in the current period.
11-Dec-2015
(Official Notice)
Shareholders are advised that Mr Theuns Oosthuizen has been appointed as an Independent Non Executive Director with effect from 14 December 2015.
02-Dec-2015
(Official Notice)
Further to the announcement released on SENS on 5 November 2015, shareholders are advised that at the general meeting of Orion held on 25 November 2015, convened in terms of the notice of general meeting contained in the Annual Report, the voting information is as follows:

*Number of ordinary shares represented at the meeting 595 437 488

*Total issued number of ordinary shares 630 698 688

*Percentage of ordinary shares represented at the meeting 94.41%

05-Nov-2015
(Official Notice)
Shareholders are advised that the company?s integrated annual report incorporating the annual financial statements for the year ended 30 June 2015 was posted to shareholders on 30 October 2015. The audited financial statements contain no modifications to the reviewed results released on SENS on 29 September 2015. The annual report is also available on the company?s website, www.oriongroup.co.za.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on Wednesday, 25 November 2015, in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.



Record dates

The record date for the posting of the integrated annual report was Friday, 16 October 2015. The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the meeting is Friday, 20 November 2015. Accordingly, only shareholders who are registered in the register of members of the company on Friday, 20 November 2015 will be entitled to participate in and vote at the Annual General Meeting. The last day to trade in order to be eligible to vote at the annual general meeting will be Friday, 13 November 2015.

30-Sep-2015
(Official Notice)
Shareholders are advised that the announcement published on SENS on 29 September 2015 detailing the Company?s audited consolidated results for the group for the year ended 30 June 2015 contained an error in point 6 ?: Notice of General Meeting. Point 6 should have read : Notice of Annual General Meeting.

29-Sep-2015
(C)
Revenue for the year increased to R99.5 million (R96.7 million) whilst operating profit decreased to R45.7 million (R66.9 million). Profit attributable to owners of the company was up to R109.8 million (R39.9 million). In addition, headline loss per linked unit came in at 0.57cplu (headline earnings of 1.44cplu).



Dividends

No dividends were paid or declared during the financial period.



Prospects

South African economic growth is forecasted to remain sluggish for the next financial year and the recovery process will not materialise during the next financial year. The South African economy is still facing a number of challenges that are inhibiting the recovery process. Despite these challenges we remain confident that even in such an environment enough business opportunities are available to ensure business success. We will continue our efforts to expand Orion Real Estate?s portfolio and redevelop our properties. We believe that maintaining our strategy and focus will enable us to continue producing growth.



Notice of annual general meeting

Shareholders are advised that the annual general meeting will be held at 10:00 on Friday, 25 November 2015, in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.



29-Sep-2015
(Official Notice)
Shareholders are advised that Mr Anthony Old has been appointed as Chief Financial Officer with effect from 1 October 2015.

28-Sep-2015
(Official Notice)
The board would like to advise shareholders that the basic and diluted earnings per share have increased from 6.37 cents for the year ended 30 June 2014 to approximately 17.52 cents for the year ended 30 June 2015, an increase of 175%. The increase was mainly due to the conversion to a Real Estate Investment Trust (REIT).



The headline and diluted headline earnings per share have decreased from 1.44 cents for the year ended 30 June 2014 to a headline loss per share of -0.57 cents for the year ended 30 June 2015, a decrease of 176%. This decrease was due to the deferred tax reversals in profit and loss as part of the REIT conversion.



22-Sep-2015
(Official Notice)
The board of directors announces the resignation of David Andr?, as a director of Orion, with effect from 22 September 2015.
01-Jun-2015
(Official Notice)
26-May-2015
(Official Notice)
The directors of Orion announced the appointment of Mr David Andre as an Independent Non-executive Director to the Board of the Company with effect from 22 May 2015.



David will also be a member of the Audit and Risk Committee.



David has a BCom (Hons) (Accounting), H Dip Tax, CA (SA). He was a founding member in 1987 of a financial service business which became Real Africa Durolink Investment Bank Ltd. (?Real Africa Durolink?).



He was the managing director of Real Africa Durolink and a director of the listed holding company, serving also on the Investment and Credit Committees of the group. He was instrumental in forming the Nodus group in 2004.



David has extensive corporate and structured finance experience, having initiated, developed and implemented corporate and structured finance transactions for listed and unlisted companies over a period of more than 25 years. He also has been instrumental in initiating a number of private equity, mezzanine fund and leverage buy-out initiatives.
15-May-2015
(Official Notice)
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, the board of directors sadly announces the passing of Mr Coen Nolte.

14-May-2015
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 13 April 2015 wherein linked unitholders were advised that Orion had posted a circular to linked unitholders (the ?circular?) relating to the capital restructure, which includes:

the conversion of the company?s current linked unit capital structure to an all share structure by:

*the proposed amendment to the Orion Debenture Trust Deed to permit the delinking, cancellation and capitalisation of the Orion debentures;

*the proposed delinking of each Orion ordinary par value share from each of an Orion debenture so as to no longer constitute a linked unit;

*the proposed cancellation of each debenture, for no consideration, to be effected by way of a scheme of arrangement in terms of section 114(1)(c) of the Companies Act, 2008 (Act 71 of 2008) (?Scheme?), which will take effect on the scheme operative date which is expected to be on 29 June 2015;

*the proposed capitalisation of an amount equal to the issue price of each debenture from an accounting perspective for purposes of financial reporting in accordance with IFRS to form part of the stated capital attributable to the ordinary shares that have been issued by Orion;

*termination of the Orion Debenture Trust Deed; and

*the conversion of Orion par value shares to Orion no par value shares.

*the amendment of Orion?s Memorandum of Incorporation (?MoI?) to reflect the change in Orion?s capital structure, (collectively referred to as the ?transaction?).



Linked unitholders are advised that at the debenture holders? general meeting and the shareholders? general meeting, (?the general meetings?) held on Thursday, 14 May 2015, all resolutions required to be passed by linked unitholders to approve the transaction were passed unanimously by linked unitholders.



13-Apr-2015
(Official Notice)
24-Mar-2015
(C)
Revenue for the interim period jumped to R52.3 million (2013: R48.1 million). Profit for the period rose to R4.2 million (2013: R3.6 million), while headline earnings per linked unit grew to 0.75cplu (2013: 0.57cplu).



Dividends

No dividends were paid or declared during the financial period under review.



Future prospects

The trading conditions remained tight during the reporting period, but the cost savings resulting from the restructuring from the previous financial year will continue to have a positive influence on the results in the remaining period.
19-Mar-2015
(Official Notice)
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will be more than 20% different from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period.



The board would like to advise shareholders that the headline and diluted headline earnings per linked unit have increased by 31.6% from 0.57 cents for the six months ended 31 December 2013 to approximately 0.75 cents for the six months ended 31 December 2014. The increase was mainly due to the increase in the property revenue as a result of the annual property escalation, a better recovery of utilities and recovery of property re- instatement costs.
18-Mar-2015
(Official Notice)
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, the Board of directors announces the resignation of Francois Viruly, as a director of Orion Real Estate Limited, with effect from 18 March 2015.
14-Jan-2015
(Official Notice)
Shareholders are advised of the disposal of the Mountain View Shopping Centre (?the property?) as a going concern by Orion Property Holdings Trust (?the Seller?) to Milprops 365 (Pty) Ltd. (?the Purchaser?) for a consideration of R27 750 000.00. The effective date of the transaction will be the date of transfer of the property into the name of the Purchaser. The Purchaser is not a related party.



Rationale for the disposal

Orion continually evaluates its property portfolio and seeks to maximise its return to its shareholders. The disposal of the Mountain View Shopping Centre is in line with this strategy.



Terms of the disposal

The total cash consideration for the disposal of the property is R27 750 000.00 plus VAT at 0%) payable by the Purchaser to the Seller on transfer of the property. If VAT becomes payable, the Purchaser shall pay to the Seller an amount equal to the VAT so payable forthwith on demand against delivery by the Seller to the Purchaser of the documentation required in terms of the VAT Act to permit the Purchaser to claim a deduction in respect of such VAT in terms of Section 16(3) of the VAT Act, together with any penalties which may be raised by the Receiver of Revenue, if applicable.



Financial information

The property was last valued by Bradley Ryle, an independent external registered property valuer, on 30 June 2012 at a fair value or R17 040 351. The property is reflected in the company?s financial statements at a fair value of R16 290 718 as at 30 June 2014 based on an updated directors? valuation. The sale consideration is R27 750 000.00 and brokerage of 2.5% is payable by the Seller, amounting to R693 750.



Impact on statement of comprehensive income:

The disposal, excluding brokerage costs, will result in an estimated profit/loss of R11 459 282 and R10 448 493 before and after taxation.



Impact on statement of financial position:

The sale will result in a reduction of investment property of R16 290 718, a reduction in borrowings of R21 958 050 and an increase in cash of R4 781 161, before brokerage costs and after taxation.



Condition precedent and documentation

All conditions precedent have been met and the company is proceeding with the transfer against the guarantee that has been provided by the Purchaser.
12-Dec-2014
(Official Notice)
Shareholders are advised that the audited financial statements for the year ended 30 June 2013 were selected for review as part of the JSE?s pro-active monitoring process. After a series of questions and responses through the pro-active monitoring process, the JSE has requested a restatement of the results for the year ended 30 June 2013, which in turn has impacted on the results for the year ended 30 June 2014, requiring a restatement of the annual financial statements for 30 June 2014.

10-Dec-2014
(Official Notice)
Notice of Fifth distribution to Linked Unitholders



Notice is hereby given that an interest distribution of 0.41186 cents per linked unit has been declared payable in cash to linked unitholders recorded in the share register of the Company at the close of business on Friday, 16 January 2015. This is the fifth distribution to linked unitholders of the Company.



Linked unitholders? attention is drawn to the following important dates:

Last day to trade: Friday, 9 January 2015

Date trading commences ex distribution: Monday, 12 January 2015

Record date for payment of the cash distribution: Friday, 16 January 2015

Date of payment of cash distribution: Monday, 19 January 2015



Linked units may not be dematerialised or rematerialised between Monday, 12 January 2015 and Friday, 16 January 2015, both dates inclusive. Any changes in the above dates will be announced on SENS.

05-Dec-2014
(Official Notice)
Shareholders are advised that the financial statements for the year ended 31 June 2013 were selected for review as part of the JSE?s pro-active monitoring process. After a series of questions and responses through the pro-active monitoring process, the JSE has requested that the company considers the valuation of the related party debtors balance as stated within those financial statements. A restatement will have an impact on the following accounts:

* The trade receivables balance

* The profit for the year

* Retained Income



These restatements could be material.



Shareholders are advised that once the revaluation has been considered as instructed by the JSE, a further announcement will follow.
04-Dec-2014
(Official Notice)
Further to the announcement released on SENS on 22 October 2014, shareholders are advised that at the general meeting of Orion held on 24 November 2014, convened in terms of the notice of general meeting contained in the Annual Report, the voting information is as follows:

*Number of ordinary shares represented at the meeting 589 662 167

Total issued number of ordinary shares 630 698 685

*Percentage of ordinary shares represented at the meeting 93.4%

22-Oct-2014
(Official Notice)
Shareholders are advised that the Company's integrated annual report incorporating the annual financial statements for the year ended 30 June 2014 has been posted to shareholders. The audited financial statements contain no modifications to the reviewed results released on SENS on 30 September 2014.



Notice of Annual General Meeting

Notice was given that the annual general meeting of ordinary shareholders will be held at 10:00 on Monday, 24 November 2014, at 16th floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report.
30-Sep-2014
(C)
Revenue for the year increased to R101.0 million (R91.2 million) whilst operating profit rose to R61.8 million (R57.3 million). Profit attributable to owners of the company was up to R34.8 (R30.5 million). In addition, headline earnings per linked unit increased to 0.62cplu (0.30cplu).



Dividends

No dividends were paid or declared during the financial period.



Prospects

South African economic growth is forecasted to remain sluggish for the next financial year and the recovery process will not materialise during the next financial year. The South African economy is still facing a number of challenges that are inhibiting the recovery process.



Despite these challenges we remain confident that even in such an environment enough business opportunities are available to ensure business success. The current state of the economy might inhibit results in the short term, but improved trading conditions would immediately benefit the portfolio.



We will continue our efforts to expand Orion Real Estate's portfolio and redevelop our properties. We believe that maintaining our strategy and focus will enable us to continue producing growth.
25-Sep-2014
(Official Notice)
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will be more than 20% different from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period.



The board would like to advise shareholders that the headline and diluted headline earnings per linked unit have increased from 0.30 cents for the year ended 30 June 2013 to approximately 0.62 cents for the year ended 30 June 2014. The increase was mainly due to the increase in the property revenue as a result of the annual property escalation, improved occupancies and a better recovery of utilities.

28-Mar-2014
(C)
Property revenue for the interim period ended 31 December 2013 decreased to R46.9 million (R47.3 million), operating profit before interest increased to R12.8 million (R9.5 million), while profit for the year attributable to equity holders of the company grew to R3.6 million (R192 812). Headline earnings per linked unit rose to 0.57cplu (0.16cplu).



Dividends

No dividends were paid or declared during the financial period under review.



Prospects

The trading conditions remained tight during the reporting period, but the cost savings resulting from the restructuring has started to bear fruit and this should have a positive influence on the results in the remaining period.
17-Mar-2014
(Official Notice)
The board would like to advise shareholders that the basic earnings per linked unit is expected to improve from 0.03 cents to approximately 0.57 cents compared to the period ended 31 December 2012. The headline earnings per linked unit is also expected to improve from 0.03 cents to approximately 0.57 cents.



The improvement can be attributed to a group restructuring resulting in a material cost saving as certain major property services are no longer outsourced. Total comprehensive income for the period is expected to improve from a profit of R189 917 to a profit of R3 553 851.
19-Dec-2013
(Official Notice)
Notice is hereby given that an interest distribution of 0.11852 cents per linked unit has been declared payable in cash to linked unitholders recorded in the share register of the company at the close of business on Friday, 17 January 2014. This is the third distribution to linked unitholders of the company.



Linked unitholders' attention is drawn to the following important dates:

*Last day to trade: Friday, 10 January 2014

*Date trading commences ex distribution: Monday, 13 January 2014

*Record date for payment of the cash distribution: Friday, 17 January 2014

*Date of payment of cash distribution: Monday, 20 January 2014



Linked units may not be dematerialised or rematerialised between Monday, 13 January 2014 and Friday, 17 January 2014, both dates inclusive. Any changes in the above dates will be announced on SENS.
12-Nov-2013
(Official Notice)
27-Sep-2013
(C)
Revenue for the year decreased to R91.2 million (R95.5 million) whilst operating profit fell to R57.3 million (R88.5 million). Profit attributable to owners of the company was down to R30.5 (R48 million). In addition, headline earnings per linked unit increased to 0.30cplu (0.07cplu).



Dividends

No dividends were paid or declared during the financial period.



Prospects

The National and International business environment is very fluid and combined with political uncertainty, both locally and abroad, not predictable in the medium to longer terms. Local strike action is also influencing economic growth negatively and this has a direct influence on business confidence and the sustainability of businesses. Business strategies have to continuously take cognisance of these business risks to ensure business stability. Despite these challenges we remain confident that even in such an environment enough business opportunities are available to ensure business success. The current state of the economy might inhibit results in the short term, but improved trading conditions would immediately benefit the portfolio. The planned energy savings would also influence the competitiveness of the portfolio positively.



Notice of annual general meeting

Shareholders are advised that the annual general meeting will be held at 10:00 on Friday 29 November 2013, in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.



09-Sep-2013
(Official Notice)
The board would like to advise shareholders that the basic earnings per linked unit have decreased from 7.65 cents to approximately 4.80 cents for the year ended 30 June 2013. The decrease was mainly due to a smaller adjustment in the fair value of properties compared with the previous year. Current market conditions necessitated this more conservative approach. Total comprehensive income for the period is expected to decrease from a profit of R 47.9 million to a profit of approximately R 30.1 million due to the smaller adjustment in property values. The headline earnings per linked unit is expected to improve from 0.07 cent to approximately 0.47 cent due to improved trading results.
01-Jul-2013
(Official Notice)
Shareholders are referred to the recent changes in the JSE Listings Requirements surrounding REIT's. In February 2013 the REIT tax laws were promulgated into South African law. This new tax dispensation is applicable to current listed property investment companies and property unit trusts that elect and qualify to be listed as REITs on the Johannesburg Stock Exchange on or after 1 April 2013. The Company's year-end is 30 June 2013. The board of directors has reviewed the provisions surrounding REIT's in order to evaluate the benefits and costs associated with applying for REIT status in terms of the JSE Listings Requirements and has decided that it will not be applying for REIT status at present.



This decision has been reached after considering the following:

*The initial and continuing provisions of the JSE Listings Requirements for REIT status;

*The current profile of the shareholders of Orion;

*The current size of the portfolio and the results of the Company; and

*No immediate clarity in relation to the benefits of Orion applying for REIT status.



The board will monitor the situation over the next year and re-evaluate its decision in due course. The board is of the view that there is no material impact of this decision for its current linked unit holders.
20-Mar-2013
(C)
Revenue for the interim period ended 31 December 2012 increased to R47.3 million (2011: R46.7 million), operating profit fell to R9.5 million (2011: R13.3 million), while profit for the year attributable to equity holders of the company came in at R189 917 (2011: loss of R15 046).



Dividends

No dividends were paid or declared during the financial period under review.



Prospects

The trading conditions remained tight during the reporting period, but a special initiative to reduce the vacancies has started to bear fruit and this should have a positive influence on the results in the remaining period.



12-Mar-2013
(Official Notice)
The board would like to advise shareholders that the basic earnings per linked unit is expected to improve from (0.00) cents to approximately 0.03 cents compared to the year ended 31 December 2012. The headline earnings per linked unit is also expected to improve from (0.00) cent to approximately 0.16 cent. The improvement was mainly due to a slight increase in revenue and various cost savings. Total comprehensive income for the period is expected to improve from a loss of R15 046 to a profit of R189 917. This financial information has not been reviewed and reported on by the auditors of the company.
02-Jan-2013
(Official Notice)
The board of directors announced the resignation of Dr A J Parker, as a director of Orion, with effect from 1 January 2013.
30-Nov-2012
(Official Notice)
Notice is given that an interest distribution of 0.04434 cents per linked unit has been declared in respect of the year ended 30 June 2012. The distribution will be paid in cash to linked unitholders recorded in the share register of the Company at the close of business on Friday, 21 December 2012. This is the second distribution to linked unitholders of the Company.



Linked unitholders' attention is drawn to the following important dates:

* Last day to trade: Thursday, 13 December

* Date trading commences ex distribution: Friday, 14 December

* Record date for payment of the cash distribution: Friday, 21 December

* Date of payment of cash distribution: Monday, 24 December.
28-Sep-2012
(C)
Revenue for the year jumped to R90.8 million (R82.0 million) whilst operating profit shot up to R88.5 million (R21.6 million). Profit attributable to owners of the company was R48.0 (loss of R1.8 million). In addition, headline earnings per linked unit were lower at 0.07cps (0.33cps).



Dividends

No dividends were paid or declared during the financial period.



Prospects

The national and international business environment remains fluid, combined with political uncertainty both locally and abroad. Business strategies have to continuously take cognisance of these business risks to ensure business stability. Despite these challenges management remain confident that even in such an environment there are sufficient business opportunities available to ensure continued business growth and success.



Notice of annual general meeting

Shareholders were advised that the annual general meeting will be held at 10:00 on Tuesday, 20 November 2012, in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.
28-Sep-2012
(Official Notice)
The expected headline earnings per linked unit reported on 21 September 2012 were revised and the expected improvement from (0.58) to an expected 1.02 cents were revised after taking into account Circular 3/2012 - Headline earnings requires interest and any adjustments related to linked debentures units to be taken into account when calculating headline earnings. This adjustment was processed against both the current and prior year's previously issued financial statements. Headline earnings per linked unit weakened from 0.33 cents in 2011 to 0.07 cent in 2012.
21-Sep-2012
(Official Notice)
The board would like to advise shareholders that the basic earnings per linked unit have improved from (0.29) cents to approximately 7.65 cents for the year ending 30 June 2012. The improvement was mainly due to an increase in property values. The total value of the property portfolio increased from R 646 523 400 to R 711 458 238. The expected headline earnings per linked unit also improved from (0.58) cent to approximately 1.02 cents mainly due to the re-measurement of the debenture liability.
02-Aug-2012
(Official Notice)
The board of directors announces the resignation of Professor A Boessenkool, with effect from the 1 August 2012.
29-Mar-2012
(C)
Revenue for the interim period ended 31 December 2011 increased to R46.7 million (2010: R40.5 million), operating profit rose to R13.3 million (2010: R11.4 million), while loss for the year attributable to equity holders of the company came in at R12 811 (2010: profit of R1.9 million).



Dividends

No dividends were paid or declared during the financial period under review.



Future prospects

The trading conditions were tight during the reporting period, but it is expected that measures to improve recoveries and manage cost would yield positive results in the remaining period. Special attention is also given to reduce vacancies and improve revenue.
23-Mar-2012
(Official Notice)
The board would like to advise shareholders that the basic earnings have decreased from 0.31 cents per linked unit to approximately (0.00) cents per linked unit for the year ending 31 December 2011. The expected headline earnings have also decreased from 0.31 cent per linked unit to approximately (0.00) cent per linked unit. Although an improvement in income generated materialized the improvement was eroded by higher levels of expenditure and the provision for debenture revaluation.
29-Nov-2011
(Official Notice)
Notice is hereby given that an interest distribution of 0.11455 cents per linked unit has been declared payable in cash to linked unitholders recorded in the share register of the company at the close of business on Friday, 23 December 2011. This is the second distribution to linked unitholders of the company. Linked unitholders' attention is drawn to the following important dates:

*Last day to trade -- Thursday, 15 December 2011

*Date trading commences ex distribution -- Monday, 19 December 2011

*Record date for payment of the cash distribution -- Friday, 23 December 2011

*Date of payment of cash distribution -- Tuesday, 27 December 2011



Linked units may not be dematerialised or rematerialised between Monday, 19 December 2011 and Friday, 23 December 2011, both dates inclusive. Any changes in the above dates will be announced on SENS.
14-Nov-2011
(Official Notice)
The board announced the appointment of Dr Andre John Parker as an independent non-executive director of Orion with effect from 2 November 2011.
30-Sep-2011
(C)
Revenue for the year increased to R82 million (2010: R75.1 million). Operating profit fell to R21.6 million (2010: R88.7 million), while total comprehensive loss for the year attributable to equity holders of the company widened to R1.8 million (2010: profit of R54.7 million). Furthermore, headline loss per share weakened to 0.58cps (2010: profit of 0.35cps).



Dividends

No dividends were paid or declared during the financial period.



Prospects

A number of control areas were improved and administrative systems were enhanced to improve the overall management of the portfolio. The current state of the economy might inhibit results in the short term, but improved trading conditions would immediately benefit the portfolio. New opportunities are evaluated on a regular basis and those with potential would be pursued to the benefit of the group.



Notice of annual general meeting

Shareholders were advised that the annual general meeting will be held at 10:00 on Tuesday, 22 November 2011 in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.
13-Sep-2011
(Official Notice)
The board would like to advise shareholders that the basic earnings per linked unit have decreased from 8.40 cents at 30 June 2010 to approximately (0.32) cents for the year ending 30 June 2011. The decrease was due to very tight trading conditions and the subdued economy. The total value of the property portfolio showed very little positive movement. In addition, a sharp increase in direct property operational costs has also eroded profits. The expected headline earnings per linked unit is also expected to drop from.03 cents at 30 June 2010 to approximately (.60) cents for the year ended 30 June 2011 due to the less than expected growth in income and the increase in utility costs.
29-Mar-2011
(C)
Revenue for the interim period ended 31 December 2010 improved to R40.5 million (R38.6 million), but operating profit dropped to R11.4 million (R13.5 million). Net profit for the year attributable to ordinary equity holders of the company contracted to R1.9 million (R3 million), while headline earnings per linked unit weakened to 0.31cplu (0.51cplu).



Dividend

No dividends were paid or declared during the financial period under review.



Prospects

The trading conditions were tight during the reporting period, but it is expected that measures to improve recoveries and manage cost will yield positive results in the remaining period. Special attention is also being given to reduce vacancies and improve revenue.
22-Mar-2011
(Official Notice)
Shareholders are referred to the cautionary announcements issued on 04 October 2010, 15 November 2010, 28 December 2010 and 08 February 2011 respectively, and are advised that they no longer need to exercise caution in dealing with the shares of Orion in relation to the prior cautionary announcements.
18-Mar-2011
(Official Notice)
The board would like to advise shareholders that the earnings and headline earnings per linked unit are expected to decrease by between 35% to 45% for the six months ended 31 December 2010.
08-Feb-2011
(Official Notice)
Further to the cautionary announcements issued on 04 October 2010, 15 November 2010 and 28 December 2010 respectively, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
29 Dec 2010 10:41:30
(Official Notice)
Shareholders are advised that the annual report has been distributed to shareholders and there have been no changes to the financial information previously published on SENS on 21 October 2010 for the year ended 30 June 2010. Shareholders are also advised that the annual general meeting of shareholders will be held on Tuesday, 29 March 2011 at 10h00 in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.
28 Dec 2010 07:12:40
(Official Notice)
Further to the cautionary announcement issued on 04 October 2010 and 15 November 2010 respectively, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
17 Nov 2010 09:47:34
(Official Notice)
Notice was given that an interest distribution of 0.23173 cents per linked unit has been declared payable in cash to linked unitholders recorded in the share register of the company at the close of business on Friday, 10 December 2010. This is the maiden distribution to linked unitholders of the company. Linked unitholders' attention is drawn to the following important dates:

*Last day to trade: Friday, 3 December 2010

*Date trading commences ex distribution: Monday, 6 December 2010

*Record date for payment of the cash distribution: Friday, 10 December 2010

*Date of payment of cash distribution: Monday, 13 December 2010

Linked units may not be dematerialised or rematerialised between Monday, 6 December 2010 and Friday, 10 December 2010, both dates inclusive. Any changes in the above dates will be announced on SENS.
15 Nov 2010 08:55:54
(Official Notice)
Further to the cautionary announcement issued on 04 October 2010, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
21 Oct 2010 18:51:56
(Official Notice)
Shareholders are advised that the annual general meeting will be held at 10:00 on Tuesday, 29 March 2011 in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.
21 Oct 2010 18:50:15
(C)
Group revenue for the final period ended June 2010 soared to R75.1 million (R57.3 million). Nonetheless, operating profit dropped drastically to R88.7 million (R194.3 million), while profit attributable to ordinary shareholders of the company decreased hugely to R52.7 million (R125.1 million), furthermore headline earnings on a per share basis was recorded at 0.03cps (Loss of 3.45cps).



Dividend

No dividend was declared in the period under review.



Prospects

The bigger consolidated portfolio is now reaping the benefits of better economies of scale and future results should be better than current results. The current state of the economy might inhibit results in the short term, but improved trading conditions would immediately benefit the portfolio. New opportunities are evaluated on a regular basis and those with potential would be pursued to the benefit of the group.
18 Oct 2010 09:09:36
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the above mentioned company has failed to submit provisional reports within the three- month period stipulated in the JSE's listings requirements. Accordingly, the company's listings on the JSE TRADELECT system have been annotated with an "RE" to indicate that the companies have failed to submit their provisional reports timeously and that the listings of the company's securities are under threat of suspension and possible termination. Should the company still fail to submit their provisional reports by 29 October 2010 their listings will be suspended. This announcement has been placed by the JSE in the interest of shareholders.
04 Oct 2010 16:33:44
(Official Notice)
Shareholders are advised that the company has entered into negotiations, 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.
20 Sep 2010 10:58:34
(Official Notice)
The board would like to advise shareholders that the earnings per share has decreased by approximately 85% for the year ended 30 June 2010. The decrease was due to the fact that the property values have stabilized after the transfer of the Gmeiner portfolio and only minor adjustments to the property values were required. However, due to increased rentals and recoveries from the larger portfolio there will be an expected improvement of more than 100% on the prior year headline earnings per share.
22 Jul 2010 16:27:15
(Official Notice)
Shareholders are advised that PricewaterhouseCoopers Inc will be appointed as the auditor of the company with immediate effect.
18 Mar 2010 08:41:25
(C)
Revenue increased from R21.9 million to R30.6 million in 2009. Operating profit decreased slightly to R12.2 million (2008:R12.3 million). Profit attributable to ordinary shareholders decreased to R3 million (2008:R47 million). Headline earnings per share rose to 0.51cps (2008:0.45cps).



Dividend

No interim dividend was declared for the period under review.



Prospects

The transfers of all the Gmeiner properties have been finalised at the end of June 2009. The larger portfolio is already showing improved results from the better economies of scale. It is expected that the results would improve even further due to tight management of costs and further initiatives to improve the income of the individual properties. Potential acquisitions are also evaluated on an ongoing basis.
16 Mar 2010 16:21:39
(Official Notice)
The board would like to advise shareholders that the earnings per share has decreased by approximately 97% for the year ending 31 December 2009. The decrease was due to the fact that the property values have stabilised after the transfer of the Gmeiner properties and no further adjustments to the property values were required. However, due to increased rentals and recoveries from the larger portfolio there will be an expected improvement of more than 10% on the prior year headline earnings per share.
25 Jan 2010 09:27:13
(Official Notice)
Shareholders are advised that, at the annual general meeting and general meeting of Orion Real Estate held on Thursday, 21 January 2010 at 10:00 and 10:30 respectively, all the resolutions presented in the notice of annual general meeting and general meeting were passed unanimously by the shareholders of the company.
27 Nov 2009 13:52:43
(Official Notice)
Shareholders are advised that the annual general meeting will be held at 10:00 on Thursday, 21 January 2010 in the boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.
02 Nov 2009 08:50:58
(Official Notice)
Shareholders are hereby advised that reported HEPS for the period ended 30 June 2008 should be a headline loss per share of 5.63 cps and not a headline loss per share of 4.63 cps as reported in the June 2009 reviewed results, released on SENS on 30 September 2009.
30 Sep 2009 17:52:07
(C)
Gross revenue jumped to R47.4 million (R23.8 million). Operating profit rose to R14.2 million (R11.1 million). Profit for the year before minority interests surged to R124.3 million (R20.8 million). In addition, headline loss per share narrowed to 2.43cps (loss of 4.63cps).



Notice of AGM

The annual general meeting will be held at 10:00 on Thursday, 21 January 2010 in the Boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.



Prospects

The finalisation of the transfer of the Gmeiner properties has strengthened the portfolio and the benefits of economies of scale will improve future results substantially. The current state of the economy might inhibit results in the immediate future, but improved conditions would immediately benefit the portfolio. Available opportunities would also be considered with care and where value could be added such opportunities would be pursued.
26 Mar 2009 10:37:43
(Official Notice)
19 Mar 2009 17:19:50
(C)
Revenue increased from R11 755 368 million to R21 998 958 million in 2008. Operating profit increased to R12 277 246 million (2007:R3 353 273 million). Profit attributable to ordinary shareholders increased to R46 999 778 million (R1 086 397 million). Headline earnings on a per share basis grew to 0.45cps (-0.24cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The transfer of the Gmeiner properties during the second half of the prior year as well as the properties that were transferred in the interim period under review, should boost income substantially in the coming financial year. The company has also started to benefit from the better economies of scale of the larger portfolio, which will further improve results.
19 Nov 2008 09:21:28
(Official Notice)
Shareholders are advised that Orion has changed the annual general meeting date. The meeting was to be held on 27 November 2008. It will now be held on Wednesday, 22 January 2009 at 10:00 in the boardroom, 16th Floor, Orion House, 49 Jorissen Street, Braamfontein, Johannesburg.
23 Oct 2008 16:41:38
(Official Notice)
Shareholders are advised that Orion has negotiated the conclusion of an agreement dated 22 February 2008 in terms of which Orion Property Holding Trust will vend, 100% of Erven 45, 46, 47, 48, 49 and 50 known as Marlboro, situated at Holtz Street, Eastgate Gardens, Marlboro, Sandton, together with all fixed improvements thereon, for a sale consideration of R12 075 000 to Jocalino Investments (Pty) Ltd. The various conditions precedent have now been met, including a due diligence exercise, and accordingly the transaction is now being announced.



The agreement was signed on 22 February 2008 but the disposal will only be effective once the transfer of the property has been completed. The sale consideration payable is R12 075 000 and is to be discharged by Jocalino Investments (Pty) Ltd through a cash payment, (VAT is at 0%), upon registration of transfer of the property into the name of Jocalino Investments (Pty) Ltd . The transfer is currently in process. All conditions precedent in terms of the agreement have been met. The sale of Marlboro is subject to the normal terms and warranties usual for a transaction of the nature contemplated.
30 Sep 2008 17:23:41
(C)
The trading results of the group were negatively impacted by the increases in interest rates, a number of once off costs such as transfer fees, legal fees and commission that were the result of the transfer of the properties and the selling of the Elma Park Flats. The profit for the year went up from R20.86 million in 2007 to R23.03 million in 2008. The value of the portfolio has increased from R188.6 million to R271.1 million. Management has already started a process to focus in the new financial year on the improvement of efficiencies, the containment of cost, better recoveries and competitive leases to improve the trading results in the current financial year. No dividends were paid or declared during the financial period.
30 Sep 2008 12:14:12
(Official Notice)
The board of directors are pleased to announce the appointment of Mr Coen Nolte as financial director with effect from 29 September 2008. Mr Nolte holds B Com (Acc) and MBA degrees and has extensive experience as a financial manager, spanning more than 25 years.
02 Jun 2008 09:07:59
(Official Notice)
Shareholders are advised that, as detailed in the circular to shareholders dated 23 January 2006, all outstanding matters have been resolved and transfers of properties to Orion have now commenced. The transfer of Primrose Mall and Meyers Building to Orion has been finalised and 34 117 647 linked units have been issued and listed. The issue of these linked units has resulted in an increase in the shareholding of certain directors.
16 May 2008 09:36:19
(Official Notice)
Shareholders are advised that Orion has negotiated the conclusion of an agreement dated 15 January 2008 in terms of which Orion will acquire, Development - Investment Corporation Close Corporation, Registration number 1985/012671/23), 100% of the property known as Erven 542 and 558 Gordon`s Bay, situated at 10 Somerlust Street, Gordon`s Bay, Western Cape Province with improvements hereon, known as Mountain View Shopping Centre ("Mountain View") for a purchase consideration of R10 000 000 (ten million rand). The various conditions precedent have now been met, including a due diligence exercise, and accordingly the transaction is now being announced.
27 Mar 2008 16:11:41
(C)
Revenue increased to R11.8 million (R10.8 million). Operating profit rose to R3.4 million (R3.1 million), but profit for the period attributable to ordinary shareholders decreased to R1.1 million (R4 million). Nevertheless the headline loss narrowed to 0.24cps (loss of 1.62cps).



Dividends

No dividend has been declared.



Prospects

The group will show significantly increased rentals and profitability once the Gmeiner portfolio is finally transferred, which is expected to be finalised over the next six months.
24 Jul 2006 10:55:26
(Media Comment)
Orion told Business Day that it plans to increase its property portfolio from about R400 million to about R1 billion within the next 18 months. The company's strategy will be to invest in a range of property including office, retail and industrial properties. Orion managing director, Franz Gmeiner also said that the group will be looking to conclude an empowerment deal in the near future.
10 Jul 2006 13:27:30
(Official Notice)
Linked unit holders are referred to the cautionary announcement dated 28 March 2006 and 10 May 2006 and are advised that the negotiations referred to therein have ceased. Caution is no longer required to be exercised by linked unit holders when dealing in their securities.
21 Jun 2006 10:17:05
(Official Notice)
Mrs Karien Rothman was appointed to the board of Orion with effect from 21 June 06.
10 May 2006 11:42:31
(Official Notice)
Linked unit holders are referred to the cautionary announcement released on SENS on 28 March 2006 and published in the press on 29 March 2006 and are advised that the negotiations referred to therein are ongoing. Linked unit holders are accordingly advised to continue to exercise caution in dealing with their linked units in Orion until a further announcement is made.
03 May 2006 16:01:19
(Official Notice)
B A Smith has resigned from the board with immediate effect.
03 Apr 2006 14:51:36
(C)
Orion, which traded as Alpina Investments Limited for the financial period under review, reflected a loss of R1.5 million. The reduced operating loss was the result of having disposed of loss-making properties in the previous twelve months. Certain transaction costs were also brought to account. The headline loss amounts to R1.18 million, resulting in a HEPS loss of 5.62c per linked unit.



Dividend

No distributions have been made for the six months under review.
29 Mar 2006 15:46:45
(Official Notice)
F Gmeiner was appointed managing director of Orion on 29 March 2006.
29 Mar 2006 15:16:37
(Official Notice)
Mr M K Makhubalo resigned as a director of Orion on 29 March 2006.
28 Mar 2006 17:11:34
(Official Notice)
28 Mar 2006 15:19:37
(Official Notice)
Following the disposal of a number of properties during the twelve months prior to 30 June 2005, the unaudited interim results of the group (formerly named Alpina Investments Ltd) for the six months ended 31 December 2005 are not strictly comparable with the corresponding period ended 31 December 2004. Linked unit holders are accordingly advised that the headline loss per linked unit for the six months ended 31 December 2005 is expected to be between 60% and 80% lower than the headline loss per linked unit for the six months ended 31 December 2004 and the loss per linked unit for the six months ended 30 December 2005 is expected to be between 20% and 40% lower than the loss per linked unit for the comparable period. The net (and net tangible) asset value per linked unit is expected to improve by between 300% and 320% from the December 2004 period to December 2005. Orion will release its provisional financial results for the six months ended 31 December 2005 on or about 30 March 2006.
06 Mar 2006 14:55:07
(Official Notice)
Franz Gmeiner (Director), Prof. Antoinette Christine Gmeiner (Non-Executive Director) and Andre John Parker (Non-Executive Director) have been appointed to the board with effect from 6 March 06.



06 Mar 2006 12:39:46
(Official Notice)
Orion Real Estate Ltd reverse listed into Alpina Investments Ltd with effect from 6 March 06



Incorporation, History and prospects

Over the past four years, Alpina Investments Ltd (and under its previous name of Gold Edge Holdings Ltd) acquired and disposed of a number of properties. Following the disposal of a number of properties considered to be non-core, Alpina will hold a portfolio of properties valued at R81.6 million. Mr Franz Gmeiner founded what was to become the Orion Group 14 years ago with the acquisition of Intec House, which property is still part of the portfolio. Over the period the portfolio has grown to a value of R189.6 million, being the price that Alpina paid for the acquired portfolio. The purchase price of R189.6 million for the Orion Property portfolio will be settled by the raising of mortgage bonds to the value of R103.2 million and the issue of 508 294 116 linked units at 17cpu, being an amount of R86.4 million.



In addition, a further 35.3 million Alpina linked units are being issued at 17cpu each thereby raising R6 million in cash by way of a specific issue of linked units for cash. Orion will continue to operate as a property holding company and will acquire and manage commercial property for the benefit of unit holders. Properties will be acquired through a combination of raising mortgage bond facilities and issuing linked units to investors. Following the Orion Property portfolio acquisition, Orion will own property to the value of R271.2 million. In the opinion of the directors, this core portfolio will enable Orion to grow through acquisitions and provide linked unit holders will income and growth in value.
06-Apr-2018
(X)
Originally formed in 1991 with the purchase of Intec House in downtown Johannesburg?s financial district, the company has grown steadily and evolved into property holding investments in excess of R1 Billion. Orion currently manages both listed and private property portfolios.



The company has steadily grown into a diversified property fund with in-house asset management and property management. The next evolutionary phase will include the incorporation of all property management service divisions into the main company. Entering the development arena is top priority with the redevelopment of existing properties as well as green fields developments. Moving into Africa is also high on the Agenda.



It is anticipated that future growth both in terms of square metres owned and rental income will be in double digits. The One T50 vision of operating in 50 countries is on track.


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