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21-Sep-2018
(Official Notice)
PBT Group shareholders are advised that at the annual general meeting (?AGM?) of shareholders held today, Friday, 21 September 2018, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.
28-Aug-2018
(Official Notice)
30-Jul-2018
(Official Notice)
16-Jul-2018
(C)
Revenue from continuing operations lowered to R556.1 million (R563.8 million) whilst operating loss widened to R118.1 million (loss of R15.1 million). Loss attributable to owners came to R188.1 million (profit of R1.2 billion). In addition, headline loss per share from continuing operations worsened to 1.35cps (headline loss per share of 0.64cps).



Dividend

In accordance with the SENS announcement released on 26 May 2017, an excess payout was made to PBT Group by Prescient Holdings. The cash portion of this excess payout amounted to R26.2 million, which was paid out to shareholders as a capital reduction on 28 August 2017. No dividend from normal commercial operations has been declared for the year ended 31 March 2018.



Biannually, the directors consider the payment of a dividend, taking into account prevailing circumstances and future cash and capital requirements of the Group in order to determine the appropriate dividend in respect of a particular financial reporting period.



Prospects

South Africa

The explosion in the volume of data created in organisations on a daily basis necessitates the extraction of information to remain competitive. We have been experiencing sustained and growing demand for our services in this field over a 19-year period and all indications are that this trend will continue. Our application development services are also in high demand and are growing at a sustainable pace. The worldwide shortage of skills creates opportunities, but is also a constraint as access to these skills is limited. Our client base is of very high quality and is still expanding in a controlled manner.



Australia

We have spent extensively in man hours and other costs on proposals and pre-sales initiatives in order to accelerate growth in this region. Our margins are also under pressure because of our long involvement at a core client. Expansion beyond this key client should restore margins and reduce client concentration risk.



United Kingdom and Europe

We have identified this region for expansion of our revenue base and have been actively exploring opportunities. This drive is costly, but we are very confident that this region will contribute significantly to the bottom line in future. Good relationships have been formed through our partner network and a small office infrastructure established in Utrecht, Netherlands.
06-Jul-2018
(Official Notice)
In terms of paragraph 3.4 of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period.



Shareholders of the PBT Group are advised that the results from continuing and discontinued operations are expected to be as follows:

Continuing operations For the year ended 31 March 2018

*Earnings per share: Between (10.70) cents and (8.70) cents per share.

*Headline earnings per share : Between (1.50) cents and (1.20) cents per share.



Discontinued operations : For the year ended 31 March 2018

*Earnings per share : Between (3.10) cents and (2.50) cents per share.

*Headline earnings per share : Between (0.22) cents and (0.18) cents per share.



The decrease in earnings and headline earnings per share from continuing operations are attributable to losses resulting from the downsizing of the Middle-East Africa segment of the business. The revenue and profit from the South-African and Australia segments collectively have grown satisfactorily and continue to grow at a steady pace. The results have also been negatively affected by large goodwill write offs and other impairments. The financial information on which this trading statement is based has not been reviewed by the Company?s auditors.
29-Jun-2018
(Official Notice)
PBT Group advised shareholders that the Company is in the process of finalising its financial results for the year ended 31 March 2018. The Company?s provisional results are set to be released on or before Friday, 13 July 2018 and the Company?s Annual Financial Statements are set to be published on or around Friday, 27 July 2018.
18-Jun-2018
(Official Notice)
Shareholders are referred to the Notice of General Meeting contained in the circular which was posted to shareholders on 23 March 2018, and are advised that the Company's General Meeting, scheduled for 27 June 2018, has been postponed due to the need for a supplementary circular as advised in the SENS announcement released on 4 April 2018. The new general meeting date and date of posting of the supplementary circular will be announced in due course.
05-Apr-2018
(Official Notice)
Shareholders are referred to the circular posted by the Company on 23 March 2018 in respect of the specific repurchase involving related parties (?the Transaction?) and the share consolidation (?the Circular?). As part of the Transaction consideration will be settled in PBT shares, The Takeover Regulation Panel (?the TRP?) has determined that this is an affected transaction in terms of the Companies Act, No.71 of 2008 (the Act). The Circular was not approved by the TRP in terms of the Act and Takeover Regulations.



As such, a further circular has been submitted to the TRP for approval. The supplementary circular will include a separate independent expert report to deal with the share repurchase portion of the Transaction. Any additional disclosures to the circular that may be required by the TRP will also be included in the supplementary circular to shareholders. The date of posting of the supplementary circular will be announced in due course.

23-Mar-2018
(Official Notice)
12-Mar-2018
(Official Notice)
Shareholders are referred to the announcements released by the Company on 19 September 2017, 18 October 2017, 14 November 2017 and 20 December 2017 on the Stock Exchange News Service relating to the specific repurchase involving related parties (?the Specific Repurchase?) and the consolidation of the shares of the Company on the basis of 1 consolidated PBT Group share for every 10 PBT Group shares (?the Share Consolidation?), respectively.



Shareholders are hereby advised that there is a delay in posting of the circular and that the PBT Group has applied to the JSE Ltd. (?the JSE?) for an extension to the posting date of the specific repurchase and the share consolidation circular. The request has been granted by the JSE until 23 March 2018. The delay in communication to shareholders was due to a delay in a ruling outcome from the JSE, as well as the South African Reserve Bank approval only being obtained on 27 February 2018.



Shareholders will be advised in due course of the salient dates and times and the general meeting of shareholders to be convened in order to consider and vote on the resolutions required in respect of the specific repurchase and the share consolidation.

02-Mar-2018
(Official Notice)
Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that the Company has been informed that there has been a change of network firm from Grant Thornton Cape Inc. to BDO. The designated audit partner has remained unchanged.



The change in audit firm, which is effective 1 March 2018, was initiated by the audit firm following the merger of BDO South Africa and Grant Thornton Cape Town.



PBT will in due course follow the process detailed in paragraph 3.84(g)(iii) of the JSE Listings Requirements relating to BDO. This process will be completed before the audit firm signs its next audit report. It is important to note, that whilst the designated audit partner has remain unchanged, the Audit and Risk Committee of PBT must request and consider the separate information about the receiving audit firm, as PBT are deemed to be appointing BDO for the first time.
21-Dec-2017
(Official Notice)
PBT Group shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that Grant Thornton Cape Incorporated have been appointed as the company?s external auditors for the current financial year ending 31 March 2018, with Mr B van der Walt as the designated audit partner, replacing KPMG Incorporated.



The change in audit firm, effective immediately, was initiated by the PBT Group following the disposal of Prescient Holdings Proprietary Limited. The company considered proposals from a number of auditing firms before nominating the appointment of Grant Thornton Cape Incorporated as its external auditor.
20-Dec-2017
(C)
Total income from continuing operations lowered to R283.5 million (2016: R291.4 million). Profit from operations dropped to R8.1 million (2016: R23.7 million). Loss attributable to owners of the company was recorded at R4.4 million (2016: profit of R54.6 million). Furthermore, headline loss per share from continuing operations was 0.33 cents per share (2016: earnings of 0.82 cents per share).



Dividend

No dividend from normal commercial operations has been declared for the six months ended 30 September 2017. Biannually, the directors consider the payment of a dividend, taking into account prevailing circumstances and future cash and capital requirements of the Group in order to determine the appropriate dividend in respect of a particular financial reporting period.







20-Dec-2017
(Official Notice)
Shareholders are referred to the announcements released by the Company on 19 September 2017, 18 October 2017 and 14 November 2017 on the Stock Exchange News Service relating to the specific repurchase involving related parties (?the Specific Repurchase?) and the consolidation of the Company?s shares on the basis of 1 consolidated PBT Group share for every 10 PBT Group shares (?the Share Consolidation?), respectively.



Shareholders are hereby advised that there is a delay in posting of the circular and that the PBT Group has applied to the JSE Ltd. (?the JSE?) for an extension to the posting date of the Specific Repurchase and the Share Consolidation circular. The request has been granted by the JSE until 28 February 2018. The delay in communication to shareholders was due to a ruling outcome from the JSE that we received today.



Shareholders will be advised in due course of the salient dates and times and the general meeting of shareholders to be convened in order to consider and vote on the resolutions required in respect of the Specific Repurchase and the Share Consolidation.

14-Dec-2017
(Official Notice)
Shareholders of the PBT Group are advised that the results from continuing operations are expected to be as follows:



For the six months ended 30 September 2017 - for the six months ended 30 September 2016 (restated)

Continuing operations

* Earnings per share : Between (0.30) cents and (0.36) - 0.82 cents per share cents per share

* Headline earnings per share : Between (0.30) cents and (0.36) - 0.82 cents per share cents per share



Discontinued operations

* Earnings per share : Between 0.054 cents and 0.066 cents per share reflecting a decrease of between 97.9% and 97.4% per share - 2.57 cents per share

* Headline earnings per share : Between 0.054 cents and 0.066 cents per share reflecting a decrease of between 97.9% and 97.4% per share - 2.57 cents per share



The decrease in earnings and headline earnings per share from continuing operations are attributable to losses resulting from the downsizing of the Middle-East Africa segment of the business. The revenue and profit from the South-African and Australia segments collectively continue to deliver satisfactory growth.
14-Nov-2017
(Official Notice)
Shareholders are referred to the announcements released by the Company on 19 September 2017 and 18 October 2017 on the Stock Exchange News Service relating to the specific repurchase involving related parties (?the Specific Repurchase?) and the consolidation of the Company?s shares on the basis of 1 consolidated PBT Group share for every 10 PBT Group shares (?the Share Consolidation?), respectively.



Shareholders are hereby advised that the PBT Group has applied to the JSE for an extension to the posting date of the Specific Repurchase and the Share Consolidation circular. The request has been granted by the JSE until 15 December 2017.



Shareholders will be advised in due course of the salient dates and times and the general meeting of shareholders to be convened in order to consider and vote on the resolutions required in respect of the Specific Repurchase and the Share Consolidation.
18-Oct-2017
(Official Notice)
Shareholders of the Company are advised that the Company proposes a consolidation of its shares on the basis of 1 consolidated PBT Group share for every 10 PBT Group shares held before the consolidation (?the Share Consolidation?).



The rationale for the share consolidation is to decrease the number of authorised and issued PBT Group shares and to narrow the bid-offer spread. The share consolidation will be implemented in accordance with standard rounding convention and the requirements of Strate.



All necessary disclosures required in terms of the JSE Listings Requirements including the special resolution to be approved by shareholders shall be included in the circular and notice of general meeting, respectively to be posted to shareholders in due course as announced on SENS on 19 September 2017.

21-Sep-2017
(Official Notice)
PBT Group shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Wednesday, 20 September 2017, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.
19-Sep-2017
(Official Notice)
25-Aug-2017
(Official Notice)
Shareholders were notified of the following changes to the functions of directors to the Company with effect from 25 August 2017. Mr Tony Taylor who is a Lead Independent Non-executive Director will now become the Chairman of the board of directors of the Company (?the Board?). Furthermore, Mr Murray Louw will no longer be the Chairman of the Board but will continue in his role as the Financial Director of the Company.
17-Aug-2017
(Official Notice)
Shareholders are advised that the company has entered into discussions to dispose of the Prescient Capital assets and the PFH shares 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.



Shareholders are referred to the announcement released on 26 May 2017 under the headings ?Effective date adjustments? and ?Available for sale assets? for the approximate value of the assets. The Prescient Capital assets and PFH shares are being sold as they do not form part of the core business of the PBT Group.
04-Aug-2017
(Official Notice)
Further to the Condensed Consolidated Provisional Financial Statements for the year ended 31 March 2017 ("the provisional results") released on the Stock Exchange News Service of the JSE Limited ("SENS") on 30 June 2017, shareholders are advised that the Integrated Report will be distributed to shareholders on 07 August 2017. In addition, the full Annual Financial Statements, Integrated Report and Notice of Annual General Meeting ("AGM") are available on the PBT Group website at www.pbtgroup.co.za/integrated-reports/.



Since the publication of the aforementioned provisional results, the following changes have been made to the audited financial statements for the year ended 31 March 2017: (All numbers are expressed in thousands)

*In the Segment Report, the group table, 2017 columns of the South Africa and Middle East/Africa segments, the segments? assets and liabilities were incorrectly allocated and have now been reclassified. The numbers included in the continuing and discontinued operations tables are correct and no changes have been made.

*The segment assets and liabilities for the South Africa segment have changed from R179 149 and (R24 799) to R88 039 and (R20 475) respectively. The segment assets and liabilities for the Middle East/Africa segment have changed from R40 and (R58 268) to R91 149 and (R62 593) respectively.



No effect on the total column of the group table for segment assets and liabilities.

*On the Statement of Financial Position at 31 March 2017, a reclassification was made on loans payable between current liabilities and non-current liabilities. Previously the loans payable amount was R42 911 under non-current liabilities. This changed to R7 348 under non-current liabilities and R35 563 under current liabilities. The total liabilities are unchanged at R104 923.





03-Aug-2017
(Official Notice)
Shareholders are referred to the announcement released on 26 May 2017 wherein the effective date adjustments following the transaction between Prescient Ltd. (subsequently re-named to PBT Group Litd.) and Stellar Capital Partners Ltd. (?the Effective Date Adjustments?) are disclosed therein. In terms of the Effective Date Adjustments announcement, a cash amount of R 26 241 000 was received by the PBT Group in lieu of the Effective Date Adjustments.



Furthermore, shareholders are hereby advised that the board of directors of the Company (?the Directors?) have declared a capital reduction distribution of 1.57 cents per share as a return of contributed tax capital to the shareholders of the Company (?the distribution?).



No dividend withholding tax is applicable as the distribution is paid out of capital reserves. As the distribution will be regarded as a return of capital and may have potential capital gains tax consequences, shareholders are advised to consult their tax advisors regarding the impact of the distribution.



The Directors have reasonably concluded that the Company will satisfy the solvency and liquidity test immediately after the distribution. The issued share capital of the Company is 1 669 250 950 shares.



Proposed salient dates

Shareholders are advised of the following salient dates for the capital reduction distribution:

*Last day to trade in order to participate in the distribution - Tuesday, 22 August 2017

*Shares trade ?ex? distribution - Wednesday 23 August 2017

*Record date - Friday, 25 August 2017

*Payment date - Monday, 28 August 2017



Share certificates may not be dematerialised or rematerialised between Wednesday, 23 August 2017 and Friday, 25 August 2017, both dates inclusive.



03-Jul-2017
(C)
Total income for the year increased to R612.7 million (2016: R543.1 million). Profit from operations lowered to 3.8 million (2016: R42.2 million), profit attributable to owners of the Company increased to R1.2 billion (2016: R109 million), while headline earnings per share from continuing operations decreased to 0.16 cents per share (2016: 0.98 cents per share).



Dividend

In accordance with the SENS announcement released on 26 May 2017, an excess payout was made post year end to PBT Group by Prescient Holdings Group. The cash portion of this excess payout amounted to R26.2 million and, will be paid out to shareholders as a special dividend before or during the first week of August 2017 which details will be announced on SENS in due course. No dividend from normal commercial operations has been declared for the 6 months ended 31 March 2017.



Biannually, the directors consider the payment of a dividend, taking into account prevailing circumstances and future cash and capital requirements of the Group in order to determine the appropriate dividend in respect of a particular financial reporting period.



Company prospects

Our South African and Australian operations continue to perform well and will in all likelihood continue to do so. We continue to experience good cash flows in these regions. A very small portion of revenue in these regions is based on fixed price projects resulting in a clear cut operating environment. The demand for services is very strong and exceeds the availability of skills.



The trading environment in the Middle-East/Africa region has deteriorated vastly over the last two reporting periods. The change in legislation regarding the treatment of withholding tax, the payment culture and the blatant disregarding of Double Tax Agreements make profitable trading in some accounts in this region highly unlikely. Accordingly, we shall downscale our operations in this region, taking into account the reduced requirements from our clients as well as the duration of our current contract with clients.



30-Jun-2017
(Official Notice)
Shareholders are referred to the trading statement for the year ended 31 March 2017 released on the Stock Exchange News Service on 29 June 2017, wherein it was disclosed that headline earnings per share (?HEPS?) and diluted HEPS from continuing operations was expected to be between 1.05 cents and 1.10 cents, respectively. Furthermore, shareholders are advised to disregard the HEPS and diluted HEPS from the previous announcement, in this regard, and to refer to the following correct information:



Continuing operations: 31 March 2017 - 31 March 2016 (restated)

* Headline earnings per share and diluted headline earnings per share : Between 0.14 cents and 0.17 cents per share reflecting a decrease of between 86% and 83% per share - 0.99 cents per share



The change in the HEPS number was due to the impairment of the withholding tax asset of R14 949 004 classified as an IAS39 asset and any impairment on these assets form part of the HEPS number instead of taken out of HEPS. This change had a negative effect on headline earnings of 0.92 cents per share. The PBT Group?s financial results will be released on or about 30 June 2017.
29-Jun-2017
(Official Notice)
Shareholders of the PBT Group are advised that the results from continuing and discontinued operations are expected to be as follows:



Continuing operations: 31 March 2017; 31 March 2016 (restated)

*Earnings per share and diluted earnings per share: between -1.50 cents and -1.70 cents per share; 0.88 cents per share

*Headline earnings per share and diluted headline earnings per share: between 1.05 cents and 1.10 cents per share reflecting an increase of between 6% and 11% per share; 0.99 cents per share



Discontinued operations: 31 March 2017; 31 March 2016 (restated)

*Earnings per share and diluted earnings per share: between 73 cents and 80 cents per share; 5.81 cents per share

*Headline earnings per share and diluted headline earnings per share: between 5.50 cents and 5.80 cents per share reflecting a decrease of between 5% and 0.2% per share; 5.81 cents per share



These results have been impacted by:

*During the 2017 financial year, the Company entered into a transaction with Stellar Capital Partners Ltd. for the disposal of Prescient Holdings (Pty) Ltd. out of the PBT Group. Prescient Holdings (Pty) Ltd. has been reclassified as a discontinued operation and the 2016 figures have been restated to reflect this.

*Additional costs incurred relating to the transaction Stellar Capital Partners Ltd. and Prescient Holdings (Pty) Ltd.

*Impairment of a portion of goodwill.

*The expected decrease in earnings is primarily due to the negative trading conditions in the Middle East / Africa component of the PBT Group.



The financial information on which this trading statement is based has not been reviewed by the Company?s auditors. The Company?s financial results will be released on or about 30 June 2017.



26-May-2017
(Official Notice)
18-May-2017
(Official Notice)
Shareholders are notified that the board of directors of the PBT Group (?the Board?) announces the appointment of Mr. Arthur Winkler as an independent non-executive director of the board with effect from 17 May 2017.



06-Apr-2017
(Official Notice)
Following a request by the Company for a FTSE/JSE sector classification review, PBT Group shareholders are advised that the Company will be re-classified from (8770) Financial Services, sub- sector (8771) Asset Managers to (9530) Software and Computer Services, sub-sector (9533) Computer Services, effective on Friday, 31 March 2017.



The board of directors of the Company is of the view that the sector re-classification is appropriate to, and descriptive of, the Company?s remaining operations following Stellar Capital Partners Ltd.?s acquisition of the financial services division of Prescient Ltd., Prescient Holdings (Pty) Ltd. This re- classification represents the strategic vision of the PBT Group whose operations consist entirely of information management services.
17-Mar-2017
(Official Notice)
The board of directors of the company is pleased to announce the appointment of Mr. Pierre de Wet as chief executive officer, Mr. Tony Taylor as an independent non-executive director and Ms. Cheree Dyers as an independent non-executive director. All three appointments are effective 17 March 2017. The board would also like to advise PBT Group shareholders of the resignation of Mrs. Ronell van Rooyen, Mr. Zane Meyer and Mrs. Keneilwe Moloko, with effective departure of 17 March 2017.
14-Mar-2017
(Permanent)
Prescient Ltd. renamed to PBT Group Ltd. on 15 March 2017.
10-Mar-2017
(Official Notice)
Further to the announcements released on SENS on 28 October 2016 (and using the terms defined therein and the Circular posted to Prescient Shareholders), 21 February 2017 and 3 March 2017, Prescient and Stellar Capital shareholders are hereby notified that the settlement of the Prescient Distribution and the allotment of the PFH Consideration Shares and Stellar Capital Consideration Shares have been completed.



Accordingly, Stellar Capital has established a 48.82% shareholding in PFH. The Scheme Participants that elected to reinvest in PFH, which include PFH management, now hold 41.18% of PFH and the remaining 10% of PFH is held by the Prescient Empowerment Trust (Pty) Ltd.

03-Mar-2017
(Official Notice)
Further to the announcements released on SENS on 28 October 2016 (and using the terms defined therein and the Circular posted to Prescient Shareholders) and 21 February 2017, Prescient shareholders are advised of the results of the two elections made by the Prescient shareholders included below in paragraph 2.



Election regarding the declaration of the Prescient Distribution

Scheme Participants holding an aggregate of 1 119 950 475 Prescient Shares elected that the Prescient directors resolve that their Prescient Distribution be distributed as a dividend declared from sources other than Prescient CTC and Scheme Participants holding an aggregate of 549 300 475 Prescient Shares elected that the Prescient directors resolve that their Prescient Distribution be distributed as a pro rata return of Prescient CTC.



Election regarding the Application of the Prescient Distribution

Scheme Participants holding an aggregate of 966 397 326 Prescient Shares instructed Prescient to settle and make payment of the Prescient Distribution in cash, net of DWT (if applicable) on or about Monday, 6 March 2017.



Scheme Participants holding an aggregate of 691 272 723 Prescient Shares instructed Prescient to apply on their behalf, the whole or part of the Prescient Distribution, net of DWT (if applicable), to acquire PFH Consideration Shares from Stellar Capital. 687 452 833 PFH Consideration Shares will be acquired from Stellar Capital on or about Tuesday, 7 March 2017.



Scheme Participants holding an aggregate of 11 580 901 Prescient Shares instructed Prescient to apply on their behalf, the whole or part of the Prescient Distribution, net of DWT (if applicable), to subscribe for newly issued Stellar Capital Consideration Shares. 5 425 111 Stellar Capital Consideration Shares will be issued by Stellar Capital on or about Tuesday, 7 March 2017.

21-Feb-2017
(Official Notice)
13-Feb-2017
(Official Notice)
Prescient Investment Management, a subsidiary of Prescient Ltd., wishes to advise that its AUM at the end of December 2016 was R78.2 billion. This is further to the recent results announcement where AUM was disclosed as R77.0 billion at 30 September 2016.



23-Jan-2017
(Official Notice)
Further to the announcement released on SENS on 28 October 2016 (and using the terms defined therein and the Circular posted to Prescient Shareholders), Prescient Shareholders are advised that all conditions precedent have not yet been fulfilled, as certain regulatory matters are still being finalised in relation to the Proposed Transaction.



Accordingly, Prescient and Stellar Capital Partners Ltd. ("Stellar Capital") have agreed to extend the date for the fulfilment or waiver of the conditions precedent, to 28 February 2017. A detailed timetable will be released as part of the finalisation announcement once all conditions precedent have been fulfilled or waived.
25-Nov-2016
(Official Notice)
The directors announced the appointment of Murray Louw, currently the non-executive Chairman of the Group, as Financial Director with effect from 1 February 2017. It is envisaged that the appointment will take effect following the completion of the delisting of the financial services operations of the Group (?PFH?), as approved by shareholders on 28 October 2016. Following the completion of this transaction Prescient Ltd. will remain listed and will be renamed ?PBT Group Limited?. The Board welcomes Murray into his new executive role which he also held prior to 2012.



Michael Buckham, current Financial Director of the Group, has decided to resign in order to continue his career with another listed company. However, Michael will remain with the Group until 31 January 2017 in order to finalise the delisting of PFH. We thank Mike for his valued contribution to the Group as Financial Director and wish him well in his new position.



Herman Steyn will fulfil the role of Chairman of PFH. In addition, we are pleased to announce the appointment of Willie Venter as Chief Executive Officer of PFH. Willie has been an integral part of the leadership team of PFH since 2007 and is well positioned to lead the financial services business. The executive teams of all of the operating subsidiaries will remain unchanged following the completion of the delisting.



Further to the Circular to Shareholders posted on 30 September 2016, PFH is in continuing negotiations with respect to BEE ownership transactions at the levels of PFH and Prescient Investment Management. These transactions are expected to conclude in early 2017, concurrently, or soon after the delisting of PFH.
28-Oct-2016
(Official Notice)
Prescient shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Friday, 28 October 2016, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.
30-Sep-2016
(Official Notice)
Shareholders are advised that the company`s audited annual financial statements for the year ended 31 March 2016, reflected in the integrated annual report are unchanged from the audited results released on SENS on 29 June 2016. The integrated annual report is available on Prescient?s website, www.prescient.co.za/



Notice is hereby given that the annual general meeting of Prescient will be held at 12:00 on Friday, 28 October 2016, at Prescient House, Westlake Business Park, Otto Close, Westlake. The record date on which shareholders must be registered in the company's share register in order to attend, participate and vote at the annual general meeting is Friday, 21 October 2016.



The notice of annual general meeting is issued with the integrated annual report, which contains the abridged annual financial statements of Prescient for the year ended 31 March 2016.



30-Sep-2016
(Official Notice)
15-Sep-2016
(Official Notice)
Shareholders are referred to the joint announcement released on the Stock Exchange News Service on 19 July 2016 in which they were advised that Prescient and Stellar Capital had entered into an implementation agreement and a subscription agreement in terms of which Stellar Capital will make a strategic equity investment in Prescient Holdings (Pty) Ltd. (?PFH?), the holding company for Prescient?s financial services interests, and Prescient will declare a cash distribution to Prescient shareholders (?Prescient Distribution?) (the ?Proposed Transaction?).



Extension of time to post the Proposed Transaction circular

Prescient Shareholders are advised that Prescient applied to the JSE and the Takeover Regulation Panel (?TRP?) for an extension to the posting date of the Proposed Transaction circular, from Friday 16 September 2016 to Friday, 30 September 2016. The request has been granted by the JSE and the TRP. Accordingly, the Proposed Transaction circular will be posted to Prescient Shareholders by no later than Friday, 30 September 2016.



15-Aug-2016
(Official Notice)
Shareholders are referred to the joint announcement released on the Stock Exchange News Service on 19 July 2016 in which they were advised that Prescient and Stellar Capital had entered into an implementation agreement and a subscription agreement in terms of which Stellar Capital will make a strategic equity investment in Prescient Holdings (Pty) Ltd. (?PFH or ?the Business?), the holding company for Prescient?s financial services interests and Prescient will declare a cash distribution to Prescient shareholders (?Prescient Distribution?).



Extension of time to post the Scheme circular

Prescient Shareholders are advised that Prescient applied to the Takeover Regulation Panel (?TRP?) for an extension of the posting date in respect of the Scheme circular, from Tuesday 16 August 2016 to Tuesday, 20 September 2016. This request has been granted by the TRP. The extension that has been granted by the TRP allows for better alignment with the JSE reporting requirements and ensures that Prescient will be able to present the requisite information in a form that it is readily interpretable by shareholders. Accordingly, the Scheme circular will be posted to Prescient Shareholders by no later than Tuesday, 20 September 2016.
10-Aug-2016
(Official Notice)
Prescient Investment Management, a subsidiary of Prescient, advised that its AUM at the end of June 2016 was R76.1 billion. This is further to the recent results announcement where AUM was disclosed as R74.2 billion at 31 March 2016.
19-Jul-2016
(Official Notice)
30-Jun-2016
(Official Notice)
The board of directors of Prescient announces the resignation of Heather Sonn as independent non- executive director of the Company with effect from 31 July 2016.



29-Jun-2016
(C)
02-Jun-2016
(Official Notice)
Further to the cautionary announcement released on the Stock Exchange News Service on 19 April 2016, shareholders of Prescient and Stellar Capital Partners Ltd. ("Stellar Capital") are advised that Stellar Capital and Prescient are continuing their exclusive discussions regarding a potential transaction (the ?Proposed Transaction?) in respect of Prescient?s financial services operations.



The parties are currently in the process of formulating the transaction steps required to achieve their respective commercial objectives. It should be noted that, pursuant to the Proposed Transaction, Prescient?s information management services operations (consisting of the PBT Group of companies) will remain listed on the JSE. The Proposed Transaction, if successfully concluded, may have a material effect on the prices of Stellar Capital?s and Prescient?s shares. Accordingly, shareholders of Stellar Capital and Prescient are advised to continue to exercise caution when dealing in Stellar Capital?s and Prescient?s shares, respectively, until a further announcement is made.
19-Apr-2016
(Official Notice)
Shareholders of Stellar Capital and Prescient are advised that Stellar Capital and Prescient have entered into exclusive discussions regarding a potential transaction (the ?Proposed Transaction?) in respect of Prescient?s financial services operations (?PFH? or the ?Business?).



The Proposed Transaction will be facilitated by Stellar Capital and includes three primary, inter- conditional steps:

*The unbundling of PFH to Prescient?s shareholders;

*The introduction of a significant black economic empowerment (?BEE?) shareholder to PFH; and

*A strategic investment by Stellar Capital in PFH via the acquisition of shares from Prescient?s shareholders who wish to exit their PFH holding gained as a result of the unbundling.



The management team of PFH will remain invested in the Business following the Proposed Transaction.



The Proposed Transaction, if successfully concluded, may have a material effect on the prices of Stellar Capital?s and Prescient?s shares. Accordingly, shareholders of Stellar Capital and Prescient are advised to exercise caution when dealing in Stellar Capital?s and Prescient?s shares, respectively, until a further announcement is made.



02-Mar-2016
(Official Notice)
Prescient Investment Management will be engaging with market participants and as such are disclosing updated assets under management (AUM). AUM has increased from R67.4 billion at the end of September 2015 to R71.4 billion at the end of December 2015.
08-Feb-2016
(Official Notice)
Prescient shareholders are referred to the interim results announcement published on SENS on 30 November 2015 and in the press on 1 December 2015, regarding an election of a Capitalisation Distribution instead of the Cash Dividend. The number of Ordinary Shares to which Shareholders electing to participate in the Capitalisation Issue will be entitled, is determined in the ratio that 2.85 cents bears to 103.77790 cents which equates to 2.74625 new Ordinary Shares for every 100 Ordinary Shares held.



Shareholders holding 65 174 598 Prescient shares or 3.91% of Prescient shares elected the Capitalisation Distribution resulting in the issue of 1 789 857 new Prescient shares. The balance of shareholders holding 1 602 286 495 Prescient shares elected to receive the Cash Dividend and accordingly, a cash dividend of R 45 665 165 is payable today to those shareholders.

22-Jan-2016
(Official Notice)
Prescient shareholders are referred to the interim results announcement published on SENS on 30 November 2015 and in the press on 1 December 2015, regarding an election of a Capitalisation Distribution instead of the Cash Dividend. The Capitalisation Distribution was determined by reference to the shareholding in Prescient (at the close of business on the Record Date, being Friday, 5 February 2016) in relation to the ratio that 2.85 cents bears to the volume weighted average price (?VWAP?) of an ordinary Prescient share traded on the JSE during the five-day trading period ending on Friday, 27 November 2015 provided that where the application of this ratio gives rise to a fraction of an ordinary share, no fractional entitlement shall arise and the result of such calculation will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction is less than 0.5 (the ?Rounding Provision?).



Accordingly, the number of Ordinary Shares to which Shareholders electing to participate in the Capitalisation Issue will be entitled, is determined in the ratio that 2.85 cents bears to 103.77790 cents which equates to 2.74625 new Ordinary Shares for every 100 Ordinary Shares held.



The full details of the Capitalisation Distribution were included in the circular that was distributed to Shareholders on 7 December 2015. Shareholders are hereby advised that all conditions precedent to the Capitalisation Distribution, as detailed in the circular issued to Prescient shareholders on 7 December 2015 have been fulfilled and accordingly the Capitalisation Distribution is unconditional. The dates previously announced on SENS for the Capitalisation Distribution remain unchanged.
07-Dec-2015
(Official Notice)
30-Nov-2015
(C)
21-Sep-2015
(Official Notice)
Prescient Investment Management will be engaging with market participants and as such are disclosing updated assets under management (AUM). AUM has increased from R65.5 billion at the end of March 2015 to 67.4 billion at the end of June 2015.
11-Aug-2015
(Official Notice)
Prescient shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Tuesday, 11 August 2015, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.
24-Jun-2015
(C)
Total income from continuing operations for the year jumped to R835.9 million (R664.6 million). Profit from operations rose to R189.9 million (R146.3 million). Profit attributable to owners more than doubled to R129.1 million (R63.1 million). In addition, headline earnings per share from continuing operations increased to 7.78 cents per share (6.96 cents per share).



Dividend

The directors consider the payment of a dividend on a biannual basis taking into account prevailing circumstances and future cash and capital requirements of the Group in order to determine the appropriate dividend in respect of a particular financial reporting period.



The Group declared a final dividend of 3.0 cents per share on 24 June 2015 which meant a total dividend for the year of 5.75 cents per share (2014: 5.10 cents per share) and a dividend cover of 1.5 times (2014: 1.4 times).



Prospects for the 2016 financial year

Prescient believes that the Group is very well positioned for growth into the future. The Group has diversified its earnings base significantly over the last few years, not only in terms of its product range, but also in terms of the currency in which the Group earns its fees. This change bodes well for the future. The staff and management at Prescient have worked extremely hard at continuing to deliver the highest levels of service to our clients. Top quality client service has become a mantra within each operational unit, and so has the continuous development of new ideas and ways of thinking that will allow the Group to take advantage of the fast-changing environment that it operate in.
22-Jun-2015
(Official Notice)
Prescient?s shareholders are advised that:



* Basic earnings per share (?EPS?) for continuing operations for the year is expected to be between 8.25 and 8.35 cents per share (2014: 7.15 cents per share) reflecting an increase of between 15.4% and 16.8% on the previous year; and

* Headline earnings per share (?HEPS?) for continuing operations for the year is expected to be between 7.70 and 7.80 cents per share (2014: 6.96 cents per share) reflecting an increase of between 10.6% and 12.1%; and

* Basic earnings per share (?EPS?) for the year is expected to be between 8.00 and 8.10 cents per share (2014: 4.03 cents per share) reflecting an increase of between 98.5% and 101.0% on the previous year; and

* Headline earnings per share (?HEPS?) for the year is expected to be between 7.50 and 7.60 cents per share (2014: 6.53 cents per share) reflecting an increase of between 14.9% and 16.4% on the previous year.



The significant increase in EPS between 2014 and 2015 is primarily a result of the prior year results including the loss incurred on the sale of Prescient Ireland, which was separately disclosed in discontinued operations and reflected as a headline earnings adjustment. The expected ranges of earnings and headline earnings for continuing operations have been included in this trading statement to provide relevant information to shareholders. The Company?s financial results will be released on or about 24 June 2015.
06-May-2015
(Official Notice)
Shareholders are advised that Daniel Polakow has been appointed as an executive director of Prescient Securities (Pty) Ltd., a subsidiary of Prescient, with effect from 1 May 2015.
26-Feb-2015
(Official Notice)
Prescient Investment Management (Pty) Ltd., a wholly-owned subsidiary of Prescient, will be engaging with market participants and as such is disclosing the Company?s updated assets under management (AUM). AUM has increased to R64.0 billion at 31 January 2015 (30 September 2014: R60.4 billion). Prescient Fund Services (Pty) Ltd. has remained stable with third party assets under administration of R52.7 billion at 31 January 2015 (30 September 2014: R52.0 billion).
27-Nov-2014
(C)
24-Nov-2014
(Official Notice)
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Ltd., shareholders are advised that Prescient expects to release earnings per share ("EPS") and headline earnings per share ("HEPS") for the 6 months ended 30 September 2014, within the ranges shown below, in relation to the comparative period, being the 6 months ended 30 September 2013:

Expected(2014) and Actual(2013)



EPS (cents per share):: 3.55 - 3.65 and 0.96

HEPS (cents per share): 3.55 - 3.65 and 2.96



Earnings from continuing operations are expected to be within the ranges shown below:

Expected(2014) and Actual(2013)



EPS (cents per share): 3.55 - 3.65 and 3.38

HEPS (cents per share): 3.55 - 3.65 and 3.38



The financial information on which this trading statement is based on has not been reviewed or reported on by the Company's auditors. Prescient's interim results for the 6 months ended 30 September 2014 will be published on 27 November 2014.



Herman Steyn, CEO of Prescient, will be presenting the financial results on a dial-in conference call at 11am (CAT) on Thursday, 27 November 2014. The dial-in details are as follows:

South Africa - Cape Town: 021 819 0900

South Africa - Johannesburg: 011 535 3600

South Africa - Toll-Free: 0 800 200 648

International Callers: +27 11 535 3600



A copy of the results presentation will be made available at www.prescient.co.za shortly after the release of the results on SENS. If you have any queries please contact Shandr? Snyman on +27 21 700 3695.

24-Oct-2014
(Official Notice)
Jason Kinnear, a director of PBT Technology Services (Pty) Ltd, a major subsidiary of the Company, subscribed for 2 700 000 shares in the Company at a price of 94 cents per share, being the 30 day Volume Weighted Average Price (VWAP) on the 8th of September 2014, which was the day the subscription agreement was signed between Jason Kinnear and the Company (the Specific Issue). In accordance with 5.51(g) of the Listings Requirements, shareholder approval was not required since the Specific Issue is less than 0.25% of the number of shares in issue and the price at which the shares were issued was equal to the 30 day VWAP prior to the date on which the issue was agreed in writing between the issuer and the party subscribing for the securities. These shares were issued to Jason Kinnear on 22 October 2014.
18-Aug-2014
(Official Notice)
Monty Kaplan has retired from the board of Prescient with effect from Friday, 15 August 2014. Furthermore, Zane Meyer will act as lead independent non-executive director with immediate effect. Zane Meyer was appointed as independent non-executive director to the board on 10 July 2012 and is chairman of the Audit Committee and chairman of the Remuneration and Nomination Committee.
05-Aug-2014
(Official Notice)
Shareholders are notified that at the annual general meeting of shareholders held earlier today, all the ordinary resolutions and the special resolutions proposed thereat were duly passed by the requisite majority votes. The special resolutions will be lodged for registration with CIPC in due course.

09-Jul-2014
(Official Notice)
Shareholders are advised that all of the ordinary and special resolutions proposed in the notice to shareholders dated 13 June 2014 were duly passed by the requisite majority of votes at the general meeting held today, 9 July 2014.



The notice of meeting contained proposed resolutions relating to inter alia: a proposed Prescient Forfeitable Share Plan; the proposed specific issue of shares for cash to Herman Steyn through his nominee Fisc Investment Management (Pty) Limited, as a result of a management buy-in structure including financial assistance; and the proposed specific issue of shares for cash to the Chairman, Murray Louw.



The special resolutions will be lodged with CIPC for registration in due course.
30-Jun-2014
(C)
Total income amounted to R664.6 million (R477.3 million) and profit from operations was at R146.3 million (R142.4 million). Profit attributable to owners was R63.1 million (R102.5 million). In addition, headline earnings from continuing operations came in at 6.96cps (7.05cps).



Dividend

A final gross dividend of 2.6cps was declared by the directors on 30 June 2014. Combined with the interim gross dividend paid to shareholders on 27 January 2014, the company distributed a total gross dividend of 5.1cps.



Posting of the Integrated Report and Notice of Annual General Meeting

The Integrated Report for the year ended 31 March 2014, including a Notice of the Annual General Meeting, has been issued and posted to shareholders today and is available on the company's website at www.prescient.co.za. The Annual General Meeting will be held at 11h00 on Tuesday, 5 August 2014, at Prescient House, Westlake Business Park, Otto Close, Westlake, 7945.



The record date on which shareholders must be registered in the company's share register in order to attend, participate and vote at the annual general meeting is Friday, 1 August 2014. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 25 July 2014



27-Jun-2014
(Official Notice)
Shareholders are advised that Prescient expects to release earnings per share (EPS) and headline earnings per share (HEPS) for the year ended 31 March 2014, within the ranges shown below, in relation to the comparative period, being the year ended 31 March 2013:

Expected ranges: 31 March 2014

*EPS (cents per share): 4.00 - 4.10

*HEPS (cents per share) : 6.50 - 6.60



During the year under review Prescient sold its entire shareholding in Prescient Asset Management Holdings (Ireland) (Prescient Ireland). Prescient Ireland has been reflected as a discontinued operation in the results for the year ended 31 March 2014. Included in total EPS is a loss on the discontinued operation of R48.7 million equating to a loss of 3.12 cents per share. Included in this amount is an impairment of goodwill of R31.1 million and a loss on sale of R11.0 million being adjustments to headline earnings. Note that the weighted average number of shares in issue for the 12 months ended 31 March 2014 was 1 565 528 451, whilst the comparative period weighted number of shares in issue was 1 396 375 360.



EPS and HEPS from continuing operations is expected to be within the ranges shown below:

Expected ranges: 31 March 2014

*EPS (cents per share) : 7.10 - 7.20

*HEPS (cents per share) : 6.90 - 7.00



Local assets under management (AUM) remain stable at 31 March 2014, being R59.1 billion in comparison to R59.6 billion reported at 31 March 2013. Local assets under administration (AUA) have increased from R15.8 billion at 31 March 2013 to R31.1 billion at 31 March 2014 The Irish domiciled administrator (Stadia Fund Management) had AUA at 31 March 2014 of EURO1.2 billion (31 March 2013: EURO821.9 million) which is not included in local AUA. The financial information on which this trading statement is based has not been reviewed or reported on by the Company?s auditors. Prescient?s results for the year ended 31 March 2014 are expected to be published on 30 June 2014.

13-Jun-2014
(Official Notice)
Shareholders are advised that the circular, incorporating a notice of a general meeting to be held at 12:00, at Prescient House, Westlake Business Park, Otto Close, Westlake, 7945 on Wednesday, 9 July 2014 has been posted to shareholders today, 13 June 2013.



The notice of meeting contains proposed resolutions relating to inter alia: a proposed Prescient Forfeitable Share Plan; the proposed specific issue of shares for cash, to the CEO, Herman Steyn through his nominee Fisc Investment Management (Pty) Ltd., as a result of a management buy-in structure including financial assistance; and the proposed specific issue of shares for cash to the Chairman, Murray Louw.



A copy of the circular is available on the company's website www.prescient.co.za.
05-May-2014
(Official Notice)
Prescient Shareholders are referred to the announcement dated 18 November 2013 whereby Prescient entered into a share purchase agreement ("the Agreement") to dispose of the entire issued share capital of Prescient Asset Management Holdings (Ireland)("Prescient Ireland") to Davy ("the transaction"). The parties have agreed to amend the Agreement relating to the deferred consideration payable to Prescient.



Amendment to the deferred consideration

The deferred consideration detailed in the announcement dated 18 November 2013 has been amended such that a fixed amount of 900 000 Euro shall be payable by Davy to Prescient on or before 8 May 2014.
10-Feb-2014
(Official Notice)
Shareholders are referred to the SENS announcement dated 17 January 2014 relating to, inter alia, the odd-lot offer ("Odd-lot Offer"). Shareholders are hereby advised that the Odd-lot Offer closed at 12:00 on Friday, 7 February 2014 and that the results of the Odd-lot Offer were as follows:

*A total of 11 159 shares were sold;

* A total of 2 685 shares were retained; and

*No election was made in respect of 17 945 shares, which were deemed to have been sold.



The shares acquired in terms of the Odd-lot Offer will be held as treasury shares and therefore there will be no changes to the issued share capital of the Company as a result of the Odd-lot Offer.

17-Jan-2014
(Official Notice)
16-Jan-2014
(Official Notice)
Shareholders are referred to the announcement pertaining to, inter alia, the disposal by Prescient of the entire issued share capital of Prescient Asset Management Holdings (Ireland) ("Prescient Ireland") ("the Transaction") released on SENS on 18 November 2013. Shareholders are notified that all conditions precedent to the Transaction as set out in the share purchase agreement ("SPA") have either been fulfilled or waived, as the case may be. Accordingly, the Transaction is now unconditional in accordance with the terms of the SPA and was completed with an effective date of 15 January 2014.
28-Nov-2013
(C)
22-Nov-2013
(Official Notice)
Prescient expects to release earnings per share ("EPS") and headline earnings per share ("HEPS") for the 6 months ended 30 September 2013, within the ranges shown below, in relation to the comparative period, being the 6 months ended 30 September 2012:

*EPS (cents per share) expected to fall to between 0.90c to 1.00c (previously 4.24cps)

*HEPS (cents per share) expected to fall to between 2.90c to 3.00c (previously 4.24cps)



EPS from continuing operations is expected to be within the ranges shown below:

*EPS (cents per share) expected to fall to between 3.35c to 3.45c (previously 4.14cps)

*HEPS (cents per share) expected to fall to between 3.35c to 3.45c (previously 4.14cps)



Prescient's interim results for the 6 months ended 30 September 2013 are expected to be published on or about 28 November 2013.
19-Nov-2013
(Official Notice)
Shareholders are advised that Prescient is still awaiting registration by the Companies and Intellectual Property Commission ("CIPC") of the special resolutions approved at Annual General Meeting ("AGM") on 22 October 2013 relating to the Odd-lot Offer. As a result, the salient dates and times applicable to the Odd-lot Offer included in the notice to AGM dated 20 September 2013 are no longer applicable. A further announcement setting out a revised timetable will be made as soon as the special resolutions have been registered by CIPC.
18-Nov-2013
(Official Notice)
Shareholders are no longer required to exercise caution when dealing in their Prescient shares and accordingly, the cautionary announcement released by Prescient on 15 November 2013 is hereby withdrawn.
18-Nov-2013
(Official Notice)
15-Nov-2013
(Official Notice)
Shareholders are advised that the Company is currently engaged in discussions which, if successfully concluded, may have an 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.
22-Oct-2013
(Official Notice)
Shareholders are notified that at the annual general meeting of shareholders held earlier today, 22 October 2013, all the ordinary resolutions and the special resolutions proposed thereat were duly passed by the requisite majority votes.



The special resolutions will be lodged for registration with CIPC in due course.
20-Sep-2013
(Official Notice)
Shareholders were advised that the Company's 2013 Integrated Report, containing the audited annual financial statements for the year ended 31 March 2013, was posted to shareholders today, 20 September 2013 and contain modifications to the reviewed provisional results published on SENS on 25 June 2013.



Notice of Annual General Meeting

Notice was given that the Annual General Meeting of ordinary shareholders will be held at 12:00 on Tuesday, 22 October 2013 at Prescient House, Westlake Business Park, Otto Close, Westlake, 7945, Cape Town, South Africa to transact the business as stated in the annual general meeting notice, forming part of the Integrated Report.
05-Aug-2013
(Official Notice)
Prescient ordinary shareholders are referred to the announcement released on SENS on Monday, 15 July 2013 and published in the press on Tuesday, 16 July 2013 ("the announcement") regarding the distribution of 2.5 cents per ordinary share either by way of a capitalisation issue ("the Capitalisation Issue"), or if elected, a cash dividend ("the Cash Dividend").



As set out in the announcement, the number of Capitalisation Shares to which Shareholders participating in the Capitalisation Issue are entitled was determined in the ratio of 2.59058 Capitalisation Shares for every 100 Ordinary Shares held. Where a Shareholder's entitlement to Capitalisation Shares, calculated in accordance with the above ratio, gave rise to a fraction of a new Ordinary Share, such fraction of a new Ordinary Share was rounded up to the nearest whole number where the fraction was greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction was less than 0.5. 19 112 014 new Prescient Ordinary Shares of no par value were issued today to Shareholders as Capitalisation Shares in terms of the Capitalisation Issue, resulting in a capitalisation out of the share premium of the Company. Shareholders who elected to receive the Cash Dividend and were recorded in the register of the Company at the close of business on Friday, 2 August 2013 holding 840 015 094 Ordinary Shares received the gross Cash Dividend of 2.5 cents per Ordinary Share, resulting in a total gross cash dividend of R21 000 376.41, which was paid out of the profits of the Company.



Share certificates, where applicable, were dispatched to certificated Shareholders at their own risk, and the Cash Dividend payments were made/Central Securities Depository Participant/broker accounts of dematerialised Shareholders were credited on 5 August 2013.
15-Jul-2013
(Official Notice)
03-Jul-2013
(Official Notice)
25-Jun-2013
(C)
Due to a change in the financial year end in the previous period, the following results are incomparable. Revenue was R605.4 million and operating profit was R156.3 million. Profit attributable to owners of R102.5 million was recorded. In addition, headline earnings were 7.51 cents per share.



Capitalisation issue and dividend

The board of directors of the company have resolved to declare a distribution of 2.5 cents per share either by way of a capitalisation issue, or, if elected, a cash dividend to ordinary shareholders recorded in the register of the company at the close of business on the record date.



Prospects

Financial Services

The prospects for continued growth in existing products, the international expansion of the group in Europe, the QFII licence as well as the expanded range of Prescient products in the retail market has opened the doors for a number of exciting growth opportunities in the future. The investment philosophy at Prescient will continue to be applied consistently across all the group's mandates to ensure that Prescient deliver stability to our clients.



Furthermore, the administration capability at Prescient will allow for strong growth in administration to a growing client base. With the group's systems and people, Prescient believes the group well placed for growth in a market that requires strong administration functionality and the ability to deliver on growing reporting and regulatory demands imposed on Prescient's clients.



Prescient Securities remains focused on offering its clients a value-add research and trade offering, enhanced by strong BEE credentials. The company is exploring various innovative initiatives to increase its market share in South Africa and expand its trade offering to include international markets.



Information Technology Services

PBT is currently experiencing strong demand and growth in its South African operations and all indications are that this trend will continue throughout the next financial period. The group's Oracle, IBM, SAP and Microsoft service offerings are highly regarded and in great demand. Continuous investment in these identified technology stacks is cementing PBT's leading position in data and information management and healthcare software services.
14-Dec-2012
(Official Notice)
It is advised that Herman Steyn has been appointed as an executive director and chief executive officer of Prescient. Murray Louw will assume the role of non-executive Chairman of Prescient, and Monty Kaplan will be the lead independent non-executive director. All the above changes to the board of directors take effect from 14 December 2012.
29-Nov-2012
(C)
Due to the change in the financial year end, the results are incomparable. Revenue was R223.8 million whilst profit form operations was R77.0 million. Profit attributable to owners of the company of R50.8 million was recorded. Furthermore, headline earnings per share were 4.24 cents per share.



Dividend

An interim dividend of 3.3 cents per share, in respect of the six months ended 30 September 2012, was declared.



Prospects

Financial Services

The prospects for continued growth in existing products, the international expansion of the group, the QFII licence as well as the expanded range of Prescient products in the retail market has opened the doors for a number of exciting growth opportunities into the future. The investment philosophy at PIM will continue to be applied consistently across all mandates to ensure that Prescient deliver certainty and stability to clients. This philosophy is being implemented at Prescient Ireland and the group believes that the methodology is well suited to the Irish pension fund market.



Furthermore, the administration capability at Prescient will allow for strong growth in third party administration. With the group's systems and people, the group believes it is well placed for growth in a market that requires strong administration functionality and the ability to deliver on growing reporting and regulatory demands.



Prescient Securities continues to focus on monetising its rated research and trade offering and to explore initiatives to increase market share as a niche BEE stockbroker.



IT Services

The foundation for further growth has been cemented with the implementation of the BI Blue and Cyberpro acquisitions. IT Services comfortably exceeded its aim of deriving more than 50% of its income from international operations and this should again be achieved for the next six months. Trading conditions remain buoyant and the company is well positioned to benefit from its leading position in data and information management and healthcare software services.
28-Sep-2012
(Official Notice)
Prescient Investment Management (Pty) Ltd. ("PIM"), a wholly-owned subsidiary of Prescient, is a leading Quantitative Investment Management house which was launched in 1998. PIM started as an institutional investment manager, managing assets for pension funds, medical aids, unions and corporations. Over time, a distribution relationship was forged with Nedgroup Investments (Pty) Ltd. ("Nedgroup Investments"), where PIM managed selected retail unit trusts under the Nedgroup Investments brand. PIM has given notice of termination of management on the four Nedgroup Investments funds. This includes the Flexible Income, Positive Return, Optimal Income and Bond mandates. The termination will result in the loss of approximately R11billion in total assets under management; however the impact on Group profitability will be relatively small.
20-Aug-2012
(Permanent)
PBT Group Ltd. changed its name to Prescient Ltd. on 20 August 2012.
08-Aug-2012
(Official Notice)
Further to the acquisition by PBT of 100% of Prescient Holdings (Pty) Ltd., Prescient Capital (Pty) Ltd. and a further 25% of Greenfields Institute of Business (Pty) Ltd. (collectively "Prescient"), resulting in the reverse listing of Prescient. Shareholders are advised that the company has received confirmation of registration of the Special Resolutions relating to the Change of Name, the Share Capital Conversion and the MOI Adoption by the Companies and Intellectual Property Commission ("CIPC"). There are no further conditions precedent outstanding.



Salient dates and times applicable (2012)

* Last day to trade shares under the present share capital and under the current name in order to be recorded as a shareholder by the record date on Friday, 17 August

* Trading in shares under the new share capital and new name (Share Code: PCT and ISIN:ZAE000163531) commences on Monday, 20 August

* Record date for determining those shareholders whose shares will be subject to the name change on Friday, 24 August.
26-Jul-2012
(Official Notice)
Shareholders are referred to the announcement released by the company on 10 July 2012, relating to the results of the general meeting at which meeting special resolutions relating to the change of name, the share capital conversion and the MOI adoption that was approved by shareholders. Following the above, shareholders are advised that the company is still awaiting registration of the Special Resolutions by the Companies and Intellectual Property Commission ("CIPC"). As a result, the salient dates and times applicable to the change of name, the share capital conversion and the MOI adoption, as set out in the announcement and circular dated 11 June 2012, are no longer applicable. A further announcement setting out a revised timetable will be made as soon as the resolutions have been registered with CIPC.
22-Jun-2012
(Official Notice)
Shareholders were advised that the company's audited annual financial statements for the year ended 31 March 2012, reflected in the integrated annual report posted on 22 June 2012 are unchanged from the audited results released on SENS on 31 May 2012. Notice was also given that the annual general meeting of PBT will be held at 11:00 on Friday, 27 July 2012 at Prescient House, Westlake Business Park, Otto Close, Westlake. The notice of annual general meeting is issued with the audited financial statements of PBT for the year ended 31 March 2012.
12-Jun-2012
(Official Notice)
11-Jun-2012
(Official Notice)
Further to the announcement dated 30 September 2011 and the relevant announcements thereafter regarding PBT entering into an agreement to acquire the entire issued ordinary share capital of Prescient ("the agreement"), whereby PBT will acquire Prescient for a total purchase consideration of R1 590 689 068 to be settled through an issue of additional PBT ordinary shares at R1.35 each to the respective Prescient shareholders ("the transaction"), resulting in the reverse listing of Prescient. PBT shareholders are advised that the circular referred to therein has been posted to shareholders today and is also available on the PBT website at http://www.pbtgroup.co.za and the Prescient website at www.prescient.co.za. Notice was given that the general meeting of PBT regarding the approval of the transaction will be held at the Main Meeting Room, Unit 3, Knowledge Park 3, Century City, Cape Town at 12:00 on Tuesday, 10 July 2012.
31-May-2012
(C)
PBT changed its year-end to 31 March from August each year and the results are for a seven month period and therefore incomparable to prior results. Revenue amounted to R129.7 million. Gross profit came in at R41.1 million and an operating profit of R23.4 million was recorded. A net attributable profit of R14.8 million was made. In addition, headline earnings per share was 5.3cps.



Dividend

A final dividend of 3,3c per ordinary share (total payment: R9 384 832) for the financial year ending 31 August 2011 was paid on 9 January 2012. The group's year end changed to 31 March resulting in a seven-month financial year. A final gross dividend of 3.45c per ordinary share (total payment: R9 723 025), based on the results for this period, was paid on 21 May 2012.



Outlook

The Prescient acquisition and capital raising referred to above will result in a major change in the group, both in terms of its size and scope of business operations. The financial services operations of Prescient, mainly asset management and stockbroking, will make a significant contribution to earnings. Based on current results the profit contribution of the two divisions is approximately 20% technology and 80 % financial services. Shareholders should benefit from increased earnings potential, greater liquidity on the JSE and enhanced public profile of the Prescient product offerings.
29-May-2012
(Official Notice)
Further to the SENS announcements dated 22 November 2011 and 10 January 2012 regarding the acquisition by Prescient of AIB Asset Management Holdings Ltd. ("AIBAH") whereby Prescient had entered into an agreement with Allied Irish Bank PLC ("AIB") to acquire its asset management subsidiary, AIB Asset Management Holdings (Ireland) Ltd. with its principal subsidiary being AIB Investment Managers Ltd. ("the AIBAMH acquisition"). Shareholders are advised that all conditions precedent have been fulfilled and the AIBAMH acquisition is now unconditional.
18-May-2012
(Official Notice)
Shareholders are no longer required to exercise caution when dealing in their PBT shares and accordingly, the cautionary announcement released by PBT on 5 April 2012 is hereby withdrawn.
18-May-2012
(Official Notice)
Further to the cautionary announcement published on 16 February 2012 and the renewal thereof on 5 April 2012, shareholders are advised that the company has entered into an agreement to acquire 51% of the issued share capital of Cyberpro ("the acquisition"). As an extension to the current services offering, the acquisition of Cyberpro, a Microsoft solutions company, is another logical step towards specialised focussed professional services.
26-Apr-2012
(Permanent)
PBT has changed its financial year-end from August each year to March each year from 2012 onwards.
25-Apr-2012
(Official Notice)
The board announced that a final gross dividend of 3.45cps for the financial year ended 31 March 2012, being a 7 month period, has been declared (2011: 6,33 cents per share for the 12 months ended 31 August 2011).



Dividend Timetable

*Declaration date -- Wednesday, 25 April 2012

*Last date to trade -- Friday, 11 May 2012

*Shares commence trade ex dividend -- Monday, 14 May 2012

*Record date -- Friday, 18 May 2012

*Payment date -- Monday, 21 May 2012



Share certificates may not be dematerialised or rematerialised between Monday, 14 May 2012 and Friday, 18 May 2012, both days inclusive. The dividend has been declared after exercising careful consideration and assessment of all factors that the board considers relevant to the declaration of this dividend, including the current macro-economic and business outlook. PBT has based the dividend on estimates utilising unaudited management accounts for the 7 months ended 31 March 2012 with a current estimated profit before tax for the period between R20 million and R22 million (2011: R35.5 million for the 12 months ended 31 August 2011), the board considered the dividend to be appropriate.
05-Apr-2012
(Official Notice)
PBT is continuing negotiations to acquire a company operating in the information technology sector, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is released.
05-Apr-2012
(Official Notice)
Further to the cautionary announcement published on 16 February 2012, shareholders are advised that the company has entered into an agreement to acquire the entire issued share capital of BI-Blue Consulting (Pty) Ltd. ("the acquisition"). BI- Blue is a business intelligence company specialising in SAP Business Objects. The acquisition will further contribute to PBT's solution approach to data warehousing and data exploitation.
13-Mar-2012
(Official Notice)
Ronell Van Rooyen and Michael Buckham have been appointed to the board of PBT as independent non-executive directors. Monty Kaplan will assume the role of independent non-executive chairman of PBT.



The following directors have resigned from the board: Hermanus Christiaan Steyn, Jason James Kinnear, Elizna Read, Kenneth Norman Wood, Nitesh Vallabh and Michelle Baron-Williamson. The changes to the board of directors are made in anticipation of the acquisition by PBT of Prescient Holdings (Pty) Ltd, Prescient Capital (Pty) Ltd, Stadia Fund Management Ltd and 75% of Greenfield Institute of Business (Pty) Ltd.
16-Feb-2012
(Official Notice)
Shareholders are advised that the company has entered into negotiations to acquire a company operating in the information technology sector, 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 released.
08-Feb-2012
(Official Notice)
Shareholders are referred to the SENS announcement on 3 October 2011 and 31 October 2011 where it was announced that PBT has entered into an agreement to acquire Prescient ("the transaction"). Shareholders are advised that Competition Tribunal approval has been received. The following conditions precedent are still outstanding:

* the granting of all regulatory approvals or clearances as may be required, including that of the JSE, the Financial Services Board, the Takeover Regulation Panel and the Exchange Control division of the South African Reserve Bank;

* obtaining the necessary shareholder approvals and board resolutions by PBT;



A circular relating to the transaction incorporating revised listing particulars and a notice of general meeting and form of proxy will be posted to shareholders in due course.
25-Jan-2012
(Official Notice)
Shareholders were notified that at the company's annual general meeting held on 25 January 2012, the special resolutions and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course.
10-Jan-2012
(Official Notice)
Following the disclosure of the financial effects of the acquisition, shareholders are no longer required to exercise caution when dealing in their PBT shares, and accordingly the cautionary announcement released by PBT on 21 November 2011 is hereby withdrawn.
30-Nov-2011
(C)
Revenue grew to R190.6 million (R84.2 million) and gross profit rose significantly to R68.7 million (R23.4 million). Operating profit more than tripled to R36.1 million (R10.7 million), while net profit attributable to ordinary shareholders of the company increased to R22.7 million (R19.3 million). However, headline earnings per share fell to 11.46cps (72.77cps).



Dividend

PBT declared a final dividend of 3.33 cents per share equating to a total dividend for the year under review of 6.33 cents.



Prospects

PBT is trading according to expectations and should achieve organic growth for the next reporting period. The group is also exploring further acquisitions to strengthen its offering to the market.
22-Nov-2011
(Official Notice)
03-Oct-2011
(Official Notice)
29-Aug-2011
(Official Notice)
Shareholders are referred to the withdrawal of cautionary announcement dated 25 July 2011 and were advised that due to the uncertainty caused by the announced moratorium on transactions covered by Section 45 of the Income Tax Act, 1962, negotiations had been suspended until clarity was received in this regard. Negotiations have recommenced and accordingly, shareholders were advised to exercise caution when dealing in the shares in the company's until a further announcement is released.
25-Aug-2011
(Official Notice)
Shareholders were advised that with effect from 12 September 2011, Link Market Services Proprietary Ltd ("Link") will replace Computershare Investor Services Proprietary Ltd as the transfer secretaries of PBT.
16-Aug-2011
(Official Notice)
Shareholders were advised that the company's results for the year ended 31 August 2011, being earnings per share, is expected to be between 205% and 215% higher than the reported earnings per share for the prior comparative period. Headline earnings per share, is expected to be between 230% and 240% higher than the reported earnings and headline earnings per share for the prior comparative period. It should be noted that the prior comparative period includes six months of results for PBT and 14 months of results from Wooltru Ltd due to the reverse takeover and change of year end that took place in September 2010. The company's financial results will be released on or about 18 November 2011.
14-Jun-2011
(Official Notice)
Further to the cautionary announcement published on 19 April 2011, shareholders are advised that the company is in ongoing 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 further announcement is released.
21-Apr-2011
(Official Notice)
Further to the interim results for the 6 month period ended 28 February 2011 released on SENS on 19 April 2011 and in the press on 20 April 2011, the abridged consolidated financial results for the six months ended 28 February 2011 have been reviewed by PBT's auditors LDP Inc. The review was conducted in accordance with ISRE 2410 "Review of Interim financial information performed by the independent auditor of the entity". Their unqualified review report is available for inspection at the company's registered office.
18-Apr-2011
(Official Notice)
The board of directors of PBT hereby advises shareholders that Mrs Elizna Read has been appointed as Human Resources Director of PBT as of 18 April 2011.

01-Mar-2011
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of PBT hereby advises shareholders that Jason James Kinnear and Michelle Baron-Williamson have been appointed as executive directors of PBT as of 25 February 2011. Furthermore, Martin Rennhackkamp has resigned as an executive director of PBT as of 25 February 2011.



28-Feb-2011
(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 further announcement is released.
07-Feb-2011
(Official Notice)
Shareholders are advised that the company's earnings and headline earnings per share for the six months period ending 28 February 2011 are expected to be at least 20% higher than the reported earnings and headline earnings per share for the six months ended 31 December 2009 and the second interim period for the period ended 30 June 2010. This increase is attributable to the company's conversion from a cash shell (as defined in the JSE Listings Requirements) as a result of the reverse take-over of Wooltru Limited by PBT At this stage, the directors are unable to quantify, with any degree of certainty, the expected earnings and headline earnings per share for the six months ending 28 February 2011 and will publish a further announcement containing such detail in due course. The financial information on which this trading update is based has not been reviewed by the company's auditors.

18-Jan-2011
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 18 January 2011, the special resolution and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolution granting general authority to the directors to repurchase the company's shares will be lodged for registration with CIPRO in due course.
17-Dec-2010
(Official Notice)
Shareholders were advised that the audited financial statements for the period ended 31 August 2010 was posted to shareholders on Friday, 17 December 2010. Notice was given that the annual general meeting of PBT will be held at 11:00 on Tuesday, 18 January 2011 at Unit 3, Knowledge Park 3, cnr Century Boulevard and Heron Crescent, Century City, Cape Town. The notice of annual general meeting is issued with the audited financial statements of PBT for the period ended 31 August 2010.
15-Dec-2010
(C)
The group recorded a profit before taxation of R12.2 million (2009: R0.6 million) for the 14-month period ending 31 August 2010. These figures include the results of PBT Group for six months. Taxation amounted to (R7.8 million) (2009: R0.3 million), resulting in an after- tax profit of R20 million (2009: R0.2 million). Earnings per share (EPS) for the 14-month period amounted to 4.10 cents (2009: 0.04 cents) while headline earnings per share (HEPS) amounted to 3.79 cents (2009: 0.04 cents).



Change of name

Following the acquisition, the company?s name was changed from Wooltru Limited to PBT Group Limited on 6 December 2010 and the listing transferred to the Computer and Software Services sector on the Main Board of the JSE Limited.



Change of year end

In order to facilitate the acquisition and to align the reporting period with that of the PBT Group, the group?s financial year-end was changed from 30 June to 31 August, resulting in a reporting period of 14 months.



Prospects

PBT is trading according to expectations and all indications are that the profit before tax warranty in terms of the acquisition of R32 million for the 12 months ending 28 February 2011 will be achieved.
14-Mar-2017
(X)
PBT Group is a multinational business whose operations in financial and information management services span several continents. Two main operating segments make up PBT Group Ltd. - a Financial Services segment and an Information Management Services segment, operating as PBT Group. The two businesses contribute to the diversity of the Group in terms of geography, assets, markets, revenue sources, skills and experience.



The two segments have operated alongside one another since 1998 and were brought together when PBT Group Ltd. listed on the JSE on 20 August 2012 through a reverse acquisition of PBT. Both businesses demand a high level of intellectual capital while requiring relatively low levels of financial capital.



PBT Group has a long-standing loyal client base in both segments and a robust business structure to facilitate continued growth. Today, PBT Group Ltd. is a multinational business whose operations span sub-Saharan Africa, Europe, Australia and Asia. PBT Group has operated as an investment management and information management services business since 1998. PBT Group?s financial services operations today include investment management, fund services and administration, stock broking, wealth management, corporate advisory and retail and institutional retirement and insurance products. At the end of March 2015 the Group had assets under management of R65.5 billion (2014: R59.1 billion) and third party assets under administration of R54.9 billion (2014: R43.4 billion). The information management services business is a key provider of information management and business intelligence consulting, application development and data integration solutions. The participation of staff in the business through shareholding and profit share is a core belief of the Group. We also believe in an inclusive environment where employees are given the opportunity to excel. We have worked hard to obtain a level 2 B-BBEE contributor status and we contribute to the society in which we operate through the Prescient Foundation. PBT Group employs over 500 people and is 59% owned by its staff, resulting in a strong entrepreneurial culture and a sincere commitment to providing the highest levels of service and the most appropriate solutions to our clients.
26-Nov-2010
(Permanent)
Wooltru changed its name to PBT Group Ltd. from commencement of trading on 20 November 2010 due to reverse listing.
16-Nov-2010
(Permanent)
Wooltru changed its year end from 30 June to 31 August.
05-Nov-2010
(Official Notice)
Shareholders are referred to the circular dated 20 September 2010 ("the circular") and the SENS announcement dated 29 October 2010 regarding the fulfilment of conditions precedent for the successful conclusion of the PBT Group acquisition, whereby Wooltru Ltd ("Wooltru") acquired 100% of PBT Group (SA) (Pty) Ltd, 100% of Stricklands Tetra Cape (Pty) Ltd and 51% of PBT Insurance Technologies (Pty) Ltd from PBT Holdings (Pty) Ltd ("PBT Holdings") for a maximum consideration of R232 170 000 to be settled by way of an issue of 5 146 199 700 Wooltru ordinary shares at 4.51 cents per share pursuant to the re-organisation of the company's share capital structure that incorporates the consolidation of the authorised and issued share capital from ordinary shares of R0.00005 each to shares of R 0.001 each on the basis of 1-for-20 ordinary shares held ("the consolidation").

In terms of the acquisition agreement and the circular, the acquisition consideration will be settled in two tranches as follows:

*the first tranche comprising 4 116 959 760 Wooltru ordinary shares will be allotted and issued to PBT Holdings on Thursday, 25 November 2010 and subsequently listed on the JSE Main Board at the commencement of trading on Thursday, 25 November 2010 ("the first tranche issue"); and

*the second tranche comprising 1 029 239 940 Wooltru ordinary shares (post consolidation: 51 461 997 ordinary shares) will be allotted and issued to PBT Holdings on or about 28 February 2011 upon fulfilment of the profit warranty.

On Monday 29 November 2010, following the first tranche issue and implementation of the consolidation as fully disclosed in the circular, the authorised share capital will comprise 450 000 000 ordinary shares of R0.001 each and issued share capital of 230 364 821 ordinary shares of R0.001 each.



Change of sector

The company's listing will be transferred from the "Financial Services - Speciality Finance" sector to the "Technology - Computer Services" sector with effect from commencement of trading on Monday, 29 November 2010 (and not Monday, 8 November 2010 as previously disclosed in the circular). The shares will trade under the abbreviated name "PBT", with the share code "PBT" and ISIN: ZAE000149712.
29-Oct-2010
(Official Notice)
Shareholders are advised that all the conditions precedent have been met for the successful conclusion of the PBT Group acquisition, whereby Wooltru Ltd ("Wooltru") acquired 100% of PBT Group (SA) (Pty) Ltd, 100% of Stricklands Tetra Cape (Pty) Ltd and 51% of PBT Insurance Technologies (Pty) Litd from PBT Holdings (Pty) Ltd for a maximum consideration of R232 170 000 to be settled by way of an issue of 5 146 199 700 Wooltru ordinary shares at 4.51 cents per share.

In terms of the acquisition agreement and pursuant to the re-organisation of the company's share capital as detailed in the circular to shareholders dated Monday, 20 September 2010, 4 116 959 760 Wooltru ordinary shares will be allotted and issued to PBT Holdings (Pty) Ltd on Thursday, 25 November 2010 and subsequently listed on the JSE Main Board on Monday, 29 November 2010.



As previously announced, Mr. Allan Groll and Mr. Johannes van der Horst are to resign from the board with immediate effect, Mr. Monty Kaplan's designation will change from independent non-executive chairman to independent non-executive director whilst Mr. Adriaan Murray Louw will retain his position as Financial Director. The following directors will be appointed to the board with immediate effect:

*Hermanus Christiaan Steyn: Independent Non-executive Chairman

*Pieter Jacobus de Wet:Chief Executive Officer

*Martin Hugo Rennhackkamp:Chief Operating Officer

*Kenneth Norman Wood: Executive director

*Nitesh Vallabh: Executive director



Bianca Pieters has been appointed as company secretary with effect from 1 November 2010 replacing Arthur Winkler who will resign as company secretary with effect from 29 October 2010.

29-Oct-2010
(Official Notice)
13-Oct-2010
(Official Notice)
Shareholders were notified that at the company's separate general meeting held at 11:00 on Wednesday, 13 October 2010, the special resolution pertaining to the conversion of the 6% non-redeemable cumulative preference shares to 6% redeemable preference shares to be redeemed on Monday, 15 November 2010 was duly passed by the requisite majority of votes. The special resolution will be lodged for registration with CIPRO in due course.



Results of separate general meeting of 6.75% preference shareholders

Shareholders were notified that at the company's separate general meeting held at 11:30 on Wednesday, 13 October 2010, the special resolution pertaining to the conversion of the 6.75% non-redeemable cumulative preference shares to 6.75% redeemable preference shares to be redeemed on Monday, 15 November 2010 was duly passed by the requisite majority of votes. The special resolution will be lodged for registration with CIPRO in due course.



Results of general meeting

Shareholders were notified that at the company's general meeting held at 12:00 on Wednesday, 13 October 2010, all the ordinary and special resolutions presented in the notice of general meeting were duly passed by the requisite majority of votes. All the special resolutions will be lodged for registration with CIPRO in due course.
20-Sep-2010
(Official Notice)
25-Aug-2010
(Official Notice)
Shareholders are advised that the dates and times in respect of the general meetings for the 6% and 6.75% non redeemable cumulative preference shareholders as published on SENS on 15 July 2010 have been changed and will no longer take place on Thursday, 26 August 2010. The new dates and times for the general meeting will be published in due course.
15-Jul-2010
(Official Notice)
06-Jul-2010
(Official Notice)
Notice is hereby given that the following dividend has been declared:

*Dividend number -- 58

*Rate -- 6.75% pa

*Cents per share -- 6.75

*Period -- half year to 30 June 2010

*Last day to trade "cum" dividend -- Thursday, 5 August 2010

*Trading commences "ex" dividend -- Friday, 6 August 2010

*Record date -- Friday, 13 August 2010

*Payment date -- Monday, 16 August 2010
09-Jun-2010
(Official Notice)
28-Apr-2010
(Official Notice)
Further to the cautionary announcement dated 12 March 2010, shareholders are advised that negotiations are still in progress, which if successfully concluded may have a material effect on the price of the company's shares. Until such time as a detailed announcement is published, Wooltru shareholders are advised to exercise caution when dealing in the company's shares.
09-Feb-2010
(C)
During the six months ended 31 December 2009, Wooltru recorded a profit before taxation of R1 million compared to a loss of R1.5 million for the previous six months ended 31 December 2008. The increase in profit is a result of the sale of Wooltru Properties (Pty) Ltd for an amount of R5.4 million which resulted in a recovery of R1.5 million of a loan previously impaired. A profit attributable to ordinary shareholders of R800 million (December 2008 loss of R1.5 million) was recorded. In addition, a headline profit per share of 0.2cps (December 2008 loss of 0.3cps) recorded.



Dividend

No interim dividend has been declared.
28-Jan-2010
(Official Notice)
Wooltru announced that the company's interim results for the six months ended 31 December 2009, are expected to record earnings and headline earnings per share of 0.2 cents compared to a loss and headline loss per share of 0.3 cents for the six months ended 31 December 2008. The company's earnings and headline earnings have increased as a result of the sale of Wooltru Properties (Pty) Ltd which resulted in the recovery of a loan previously impaired.
12-Jan-2010
(Official Notice)
Notice was given that the following dividend has been declared:

*Dividend number: 57

*Rate: 6.75% pa

*Cents per share: 6.75

*Period: Half year to 31 December 2009

*Last day to trade "cum" dividend: Friday, 5 February 2010

*Trading commences "ex" dividend: Monday, 8 February 2010

*Record date: Friday, 12 February 2010

*Payment date: Monday, 15 February 2010
20-Nov-2009
(Official Notice)
Notice is hereby given that the following dividend has been declared:

*6,0 % Cumulative Preference Shares

*Dividend number: 147

*Rate: 6,0% p.a.

*Cents per share: 6,0

*Period: Half year to 31 December 2009

*Last day to trade "cum" dividend Thursday, 10 December 2009

*Trading commences "ex" dividend Friday, 11 December 2009

*Record date Friday, 18 December 2009

*Payment date Monday, 21 December 2009

Share certificates for 6,0% cumulative preference shares may not be dematerialised or rematerialised between Friday, 11 December 2009 and Friday, 18 December 2009, both days inclusive.
10-Nov-2009
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 10 November 2009, all the ordinary resolutions and special resolution proposed thereat were duly passed by the requisite majority of votes. The special resolution granting a general authority to acquire the company's "N" and ordinary shares was adopted and will be lodged with CIPRO in due course.
21-Sep-2009
(Official Notice)
Shareholders are advised that the company's audited annual financial statements for the year ended 30 June 2009, reflected in the annual report posted on 21 September 2009 are unchanged from the audited results released on SENS on 21 August 2009.



Notice is hereby given that the annual general meeting of Wooltru will be held at 11:00 on Tuesday, 10 November 2009 at the offices of the company at 1st Floor, The Hudson, 30 Hudson Street, Cape Town. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Wooltru for the year ended 30 June 2009.
21-Aug-2009
(C)
During the year ended 30 June 2009 Wooltru recorded a profit before taxation of R0.6 million (2008: R1.4 million). Due to existing assessed losses no taxation was paid during the current or previous financial year. The company showed headline earnings of 0.04cps.



Dividend

The directors have declared a final dividend of 10cps.



Prospects

The board continues to pursue strategic alternatives to enhance shareholder value.
06-Aug-2009
(Official Notice)
Shareholders are hereby notified that the earnings and headline earnings per share for the year ended 30 June 2009 are expected to be between 80% and 85% lower than the reported earnings and headline earnings per share for the prior comparative period, being the year ended 30 June 2008. The earnings and headline earnings of the company have decreased as a result of the settlement of legal proceedings brought on by the former employees of Central News Agency. The amount of the settlement was R4.35 million. The amount was expensed during the period ended 30 June 2009. The financial information on which this trading statement is based has not been reviewed or audited by the company's auditors. The annual financial statements for the year ended 30 June 2009 will be posted to shareholders on or about 28 September 2009.
19-Jun-2009
(Official Notice)
Wooltru announced the appointment of Adrian Murray Louw as financial director with effect from 19 June 2009.
03-Jun-2009
(Official Notice)
Notice is hereby given that the following dividend has been declared:

*Dividend number -- 146

*Rate -- 6% pa

*Cents per share -- 6

*Period -- half year to 30 June 2009

*Last day to trade "cum" dividend -- Friday, 26 June 2009

*Trading commences "ex" dividend -- Monday, 29 June 2009

*Record date -- Friday, 3 July 2009

*Payment date -- Monday, 6 July 2009
12-Feb-2009
(C)
Revenue increased to R3.4 million (R2.7 million). A loss attributable to ordinary shareholders of R1.5 million (profit of R1.5 million) was recorded. In addition, a headline loss per share of 0.3cps (profit of 0.3cps) occurred.



Dividend

No interim dividend has been declared.



Prospects

It is not possible to predict the outcome of the unresolved taxation queries with any accuracy. Shareholders will be advised of any developments regarding these matters.
21-Jan-2009
(Official Notice)
The board of Wooltru announces that the company's interim results for the 6 month period ended 31 December 2008, are expected to show a loss of 0.3cps for both earnings and headline earnings compared to a profit of 0.3cps for both earnings and headline earnings for the 6 month period ended 31 December 2007. The earnings and headline earnings of the company have decreased as a result of the settlement of legal proceedings brought on by the former employees of Central News Agency. The amount of the settlement was R4.35 million. The financial information on which this trading statement is based has not been reviewed or reported on by the auditors of the company.
15-Dec-2008
(Official Notice)
Wooltru is involved in legal proceedings in terms of which certain persons have claimed post retirement medical aid benefits from Johnnic Book Retail Ltd. The claimants retired from the business of Central News Agency before September 1997. Wooltru was joined in the proceedings by Johnnic as it is claimed that in certain circumstances Wooltru would be liable for the claims. Wooltru notes a contingent liability in its financials of R13.9 million and has provided Johnnic with a bank guarantee of R20.9 million while it continued to defend the proceedings.

Wooltru has entered into a settlement agreement with all the parties concerned in terms of which

*The legal proceedings will be withdrawn and the parties will have no claims against each other, other than in terms of the settlement agreement

*Wooltru will pay up to R4.35 million to the claimants

*Wooltru has indemnified Johnnic against similar future claims

*Once 50 % of the claimants have been paid the guarantee will be reduced to R2 million plus any outstanding amounts due in terms of the settlement.The reduced guarantee will cover future claims, which will be dealt with should they arise. After a period of two years the guarantee will lapse. Wooltru will in future no longer note a contingent liability in this regard and will expense the entire settlement amount of R4.35 million during the current
18-Nov-2008
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 18 November 2008, the ordinary resolutions pertaining to the adoption of the company's annual financial statements, the re-election of directors and the re- appointment of the company's auditors proposed thereat were duly passed by the requisite majority of votes. The ordinary resolution pertaining to the placing of unissued ordinary and "N" ordinary shares under the authority of the directors was not approved.
17-Nov-2008
(Official Notice)
Notice is hereby given that the following dividend has been declared:



6.0 % cumulative preference shares:

*Cents per share -- 6.0

*Period -- half year to 31 December 2008

*Last day to trade "cum" dividend -- Friday, 5 December 2008

*Trading commences "ex" dividend -- Monday, 8 December 2008

*Record date -- Friday, 12 December 2008

*Payment date -- Monday, 15 December 2008
11-Sep-2008
(Official Notice)
Shareholders are advised that the company's audited annual financial statements for the year ended 30 June 2008, reflected in the annual report posted on 11 September 2008 are unchanged from the audited results released on SENS on 15 August 2008.



Notice was also given that the annual general meeting of Wooltru will be held at 11:00 on Tuesday, 18 November 2008 in the Main Meeting Room, 3rd Floor, 42 Hans Strijdom Avenue, Cape Town. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Wooltru for the year ended 30 June 2008.
15-Aug-2008
(C)
During the year ended 30 June 2008 Wooltru reflected a profit before taxation of R1.4 million (2007: R1.4 million). Due to existing assessed losses no taxation was paid during the current or previous financial year.



Dividends

No dividend was declared for the period under review.



Prospects

It is not possible to predict the outcome of the remaining claim for medical aid contributions of former CNA employees or the unresolved taxation claim with any accuracy. Shareholders will be advised of any developments regarding these matters. The board continues to pursue strategic alternatives to enhance shareholder value, however the claims referred to above constrains corporate activity.
07-Aug-2008
(Official Notice)
Further to the SENS announcement of 11 December 2006 the High Court of South Africa, CPD sitting as a court of appeal granted judgement on the 7 August 2008 and dismissed with costs SARS appeal against the Tax Courts judgement on 11 December 2006 and confirmed the remission of the matter to SARS for reassessment. Until the appeal process is exhausted Wooltru will continue to disclose a contingent liability in this regard.
18-Jul-2008
(Official Notice)
Notice is hereby given that the following dividend has been declared: dividend number 54; rate 6.75% p.a.; cents per share 6.75 for the period - half year to 30 June 2008.

*Last day to trade "cum" dividend - Friday, 8 August 2008

*Trading commences "ex" dividend - Monday, 11 August 2008

*Record date - Friday, 15 August 2008

*Payment date - Monday, 18 August 2008
04-Jun-2008
(Official Notice)
The following dividend has been declared:

*Dividend number -- 144

*Rate -- 6% pa

*Amount -- 6cps

*Period -- Half-year to 30 June 2008

*Last day to trade "cum" dividend -- Friday, 27 June 2008

*Trading commences "ex" dividend -- Monday, 30 June 2008

*Record date -- Friday, 4 July 2008

*Payment date -- Monday, 7 July 2008
01-Apr-2008
(Official Notice)
Shareholders are notified that Liezl Moller has resigned as company secretary of Wooltru Ltd with effect from 31 March 2008. Arthur Leon Winkler has been appointed as company secretary with effect from 1 April 2008.
19-Mar-2008
(C)
During the six months ended 31 December 2007 Wooltru recorded a profit before taxation of R1.5 million compared to R2.7 million for the previous six months ended 31 December 2006. Wooltru distributed R155.4 million to shareholders during January 2006, resulting in a decrease in total income for the period ending 31 December 2007. Due to existing assessed losses no taxation was paid during the current or previous period. South African Revenue Services (SARS) has raised a revised assessment for Wooltru Property Holdings (Pty) Ltd for the 2001 year of assessment adding back to taxable income an amount of R50.9 million as a taxable recoupment in respect of leasehold improvements claimed as a deduction by a taxpayer in terms of section 11(f) of the Act. The case was heard by the Tax Court of Cape Town in December 2006. The judge ruled in favour of Wooltru Property Holdings (Pty) Ltd. SARS has since appealed against the judgment. The appeal was heard on 25 January 2008, judgment is pending. A contingent liability of R24.6 million (2006: R23.4 million) is disclosed in interim financial statements to cover all possible eventualities.



Dividends

No dividend was declared.



Prospects

It is not possible to predict the outcome of the remaining claim for medical aid contributions of former CNA employees or the unresolved taxation queries with any accuracy. Shareholders will be advised of any developments regarding these matters.
07-Jan-2008
(Official Notice)
Notice is hereby given that the following dividend has been declared: Dividend number 53 at a rate of 6.75% p.a. Cents per share - 6.75 for the half year to 31 December 2007.

*Last day to trade "cum" dividend Friday, 1 February 2008

*Trading commences "ex" dividend Monday, 4 February 2008

*Record date Friday, 8 February 2008

*Payment date Monday, 11 February 2008

Share certificates for 6.75% Cumulative Preference Shares may not be dematerialised or rematerialised between Monday, 4 February 2008 and Friday, 8 February 2008, both days inclusive.
08-Aug-2007
(Official Notice)
Earnings and headline earnings per share for the year ended 30 June 2007 are expected to increase by 111% from the financial results for the previous corresponding period. The results for the year ended 30 June 2007 are expected to be released on or about 29 August 2007.
18-Jul-2007
(Official Notice)
The following dividend has been declared:

*Dividend number -- 52

*Rate -- 6.75% p.a.

*Cents per share -- 6.75

*Period -- Half year to 30 June 2007

*Last day to trade "cum" dividend -- Thursday, 2 August 2007

*Trading commences "ex" dividend -- Friday, 3 August 2007

*Record date -- Friday, 10 August 2007

*Payment date -- Monday, 13 August 2007
01-Jun-2007
(Official Notice)
The following dividend has been declared: Dividend number 142 for 6.0 cents per share for all 6% Cumulative Preference shareholders for the six month period to 30 June 2007.



*Last day to trade "cum" dividend Friday, 22 June 2007

*Trading commences "ex" dividend Monday, 25 June 2007

*Record date Friday, 29 June 2007

*Payment date Monday, 2 July 2007

Share certificates for 6.0% Cumulative Preference Shares may not be dematerialised or rematerialised between Monday, 25 June 2007 and Friday, 29 June 2007, both days inclusive.
15-Jan-2007
(Official Notice)
Wooltru gave notice that the following dividend has been declared: 6.75% Cumulative Preference Shares.

*Dividend number: 51

*Rate: 6.75% p.a.

*Cents per share: 6.75

*Period: Half year to 31 December 2006

*Last day to trade "cum" dividend: Friday, 2 February 2007

*Trading commences "ex" dividend: Monday, 5 February 2007

*Record date: Friday, 9 February 2007

*Payment date: Monday, 12 February 2007



13-Dec-2006
(Official Notice)
A dividend of 6cps has been declared for the 6% cumulative preference shareholders.
11-Dec-2006
(Official Notice)
The note regarding contingent liabilities in Wooltru`s annual financial statements for the year ended 30 June 2006 stated: "South African Receiver of Revenue (SARS) raised an assessment for the 2001 year adding back an amount as a taxable recoupment with interest and penalties." The amount was noted as a contingent liability as the claim was disputed. Judgement was given in the Tax Court Cape Town on 11 December 2006 stating that "the appeal succeeds and the assessment is referred back to the respondent (SARS) for reassessment on the basis that the allowance in question were not recouped by Wooltru." In terms of Court rules, SARS has 21 days after official notice to lodge an appeal - this excludes Court holidays from 16 December 2006 to 15 January 2007.
23-Nov-2006
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 30 June 2006 were posted to shareholders on 6 November 2006 and contained no modifications to the audited results which were published on 6 October 2006. The annual financial statements contained a notice of the annual general meeting of Wooltru shareholders which was held on Tuesday, 21 November 2006. All the ordinary resolutions proposed at the annual general meeting were unanimously passed by the shareholders.
06-Oct-2006
(C)
Revenue decreased to R9.1 million (R16.1 million) but profit from operations rose to R4.3 million (R0.3 million). Taxation increased to R8.4 million (R2.1 million) which translated into a loss for the year of R4.4 million (R1.9 million). The group declared a headline loss of 0.9c compared to headline earnings in the previous period of 2.6c.



Prospects

It is not possible to predict the outcome of the remaining claim for medical aid contributions of former CNA employees or the unresolved taxation queries with any accuracy. Shareholders will be advised of any developments regarding these matters. The board continues to pursue a range of strategic alternatives, which will enhance shareholders value.
04-Aug-2006
(Official Notice)
Earnings and headline earnings per share for the year ended 30 June 2006 are expected to decline by between 170% and 180% and 140% and 150%, respectively, from the financial results for the previous corresponding period, being the year ended 30 June 2005. This decline is largely as a result of the utilisation of R8.4 million of deferred tax asset resulting from the dividend portion of a distribution to ordinary and "N" ordinary shareholders, which was paid on 3 January 2006. The utilisation is a non-cash flow item. The results for the year ended 30 June 2006 are expected to be published on or about Friday, 15 September 2006.
06-Feb-2006
(C)
Wooltru posted revenue of R6.8 million (R8.9 million) and total income of R10 million (R10.4 million). The company said that its finance revenue, which is the result of share trading activities, was previously disclosed on a gross basis with cost of sales. This has been reclassified and is now disclosed on a net basis as a gain or loss on financial instruments held at fair value through profit or loss. A headline loss of R2.7 million or 0.6cps (R1.7 million profit or 1.7 cps) was posted. No interim dividend was declared.



A settlement agreement has been concluded, in terms of which Wooltru made a once off R14 million payment in full and final settlement of arising from the winding up of CNA.



18-Jan-2006
(Official Notice)
The following dividend has been declared : 6.75% Cumulative Preference Shares

*Dividend number -- 49

*Rate -- 6.75% p.a.

*Cents per share -- 6.75

*Period -- Half year to 31 December 2005

*Last day to trade "cum" dividend -- Friday 3 February 2006

*Trading commences "ex" dividend -- Monday 6 February 2006

*Record date -- Friday 10 February 2006

*Payment date -- Monday 13 February 2006
09-Jan-2006
(Official Notice)
Shareholders are advised that Mr JB Rabb has resigned as a non-executive director of Wooltru with effect from 1 January 2006.
07-Dec-2005
(Official Notice)
Shareholders are referred to the announcements dated 24 October 2005 and 11 November 2005, notifying them of Wooltru's intention to distribute to ordinary and "N" ordinary shareholders 35c per ordinary and "N" ordinary share in cash as a distribution out of share premium. On 24 November 2005, and prior to any directors' approval of the payment to shareholders, Wooltru was served with an urgent application by Johnnic Book Retail Ltd requesting an interdict to prevent the payment to shareholders. The application was resolved by way of the issue of a guarantee by Wooltru.



In order to proceed with the payment to shareholders, and following the court application by Johnnic, Wooltru has provided the claimant with a guarantee in the amount of R20.9 million. Accordingly, the directors of Wooltru have resolved to distribute 35c per ordinary share and "N" ordinary share out of share premium, as approved by shareholders. Such payment to shareholders is considered by the directors to be prudent and will result in the company retaining cash of R55.5 million. Below are the salient dates pertaining to the payment to shareholders:



*Last day to trade in order to qualify for the payment to shareholders on Thursday, 22 December 2005

*Shares trade "ex" the entitlement to the payment to shareholders from Friday, 23 December 2005

*The record date for the payment to shareholders on Friday, 30 December 2005

*Date of payment on Tuesday, 3 January 2006



As the directors have resolved to distribute 35c per ordinary and "N" ordinary share, shareholders are no longer required to exercise caution when dealing in their Wooltru shares.
28-Nov-2005
(Official Notice)
The following dividend have been declared:

6.0% Cumulative Preference Shares

*Dividend number : 139

*Rate : 6.0% p.a.

*Cents per share : 6.0

*Period : Half year to 31 December 2005

*Last day to trade "cum" dividend -- Thursday, 15 December 2005

*Trading commences "ex" dividend -- Monday, 19 December 2005

*Record date -- Friday, 23 December 2005

*Payment date -- Tuesday, 27 December 2005
24-Nov-2005
(Official Notice)
Shareholders are referred to the announcements dated 24 October 2005 and 11 November 2005, notifying them of Wooltru's intention to distribute to ordinary and "N" ordinary shareholders 35 cents per ordinary and "N" ordinary share in cash ("the payment to shareholders"), as a distribution out of share premium. The payment to shareholders was approved by the requisite majority of shareholders at a general meeting held on 11 November 2005. Shareholders are hereby advised that Wooltru has been served with an urgent application on 24 November 2005 by Johnnic Book Retail Ltd, which will be heard before the High Court of South Africa on 29 November 2005, requesting an interdict to prevent the payment to shareholders. In this regard, Wooltru is taking all steps necessary to defend such application so as to allow it to proceed with the payment to shareholders. Shareholders are therefore advised to exercise caution when dealing in their Wooltru shares until a further announcement is made.



In terms of the abovementioned announcements shares would be expected to trade "ex" the entitlement to the payment to shareholders from Monday, 28 November 2005. Pending the High Court application shareholders are advised that this, and all other applicable dates, will be postponed until further notice.

11-Nov-2005
(Official Notice)
Shareholders are notified that at the annual general meeting held on 11 November 2005, all the ordinary resolutions and the special resolution proposed thereat; except for ordinary resolution number 4 relating to the general authority to issue shares for cash, were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares was adopted and will be lodged for registration with the Registrar of Companies in due course.



In addition, at the general meeting held today immediately following the AGM, shareholders approved the distribution to ordinary and "N" ordinary shareholders of 35c per ordinary and "N" ordinary share in cash as a distribution out of share premium (13.676c per share represents amounts previously transferred from Wooltru's distributable reserves to its share premium and will be classified as a dividend in the hands of the shareholder and 21.324c per share will be classified as a capital repayment in the hands of the shareholder).



The following dates for the payment to shareholders are confirmed:

*Last day to trade in order to qualify for the payment to shareholders on Friday, 25 November

*Shares trade "ex" the entitlement to the payment to shareholders from Monday, 28 November

*The record date for the payment to shareholders on Friday, 2 December

*Date of payment on Monday, 5 December
11-Oct-2005
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 30 June 2005 will be posted to shareholders today and contain no modifications to the audited results which were published on 25 August 2005. The annual general meeting will be held on Friday, 11 November 2005 at 10:00.
02-Aug-2005
(Official Notice)
Shareholders are hereby notified that with regard to the litigation arising from the liquidation of Consolidated News Agencies (Pty) Ltd (`CNA`), the company has concluded a settlement agreement with CNA and the liquidators, following which neither party will have any further claim of any nature whatsoever against the other. In terms of the settlement agreement Wooltru will make a once-off payment of R14m to CNA in full and final settlement of all claims arising from the winding up of CNA.
20-Jul-2005
(Official Notice)
Notice is hereby given that the following dividend has been declared :

*Dividend number 48

*Rate -- 6.75% p.a.

*6.,75cps

*Period -- Half year to 30 June 2005

*Last day to trade `cum` dividend -- 4 August 2005

*Trading commences `ex` dividend -- 5 August 2005

*Record date -- 12 August 2005

*Payment date -- 15 August 2005

Share certificates for 6.75% Cumulative Preference Shares may not be dematerialised or rematerialised between 5 August 2005 and 12 August 2005 both days inclusive.

28-Apr-2005
(Official Notice)
Following the unbundling of Wooltru and the commencement of a process of voluntary liquidation in 2002, which process has been delayed by circumstances beyond the control of the company, Wooltru Ordinary Shareholders and Wooltru `N` Ordinary Shareholders are advised that the Namibian Stock Exchange (NSX) has approved the termination of the secondary listings on the NSX. The primary listings on the JSE remain unaffected.

The salient dates and times pertaining to the termination are as follows:

*Last day to trade on the NSX Friday, 13 May

*Suspension on NSX at commencement of trade on Monday, 16 May

*Record date Friday, 20 May

*Termination of listing on NSX at commencement of trade on Monday, 23 May

Namibian shareholders may continue dealing in the company`s securities on the JSE in dematerialised format (uncertificated), and will continue to have access, via SENS announcements on the JSE, to all relevant information pertaining to the company. No trades can take place on the JSE in certificated format. A letter, setting out details regarding the termination, will be mailed to Namibian shareholders in due course.
24-Feb-2005
(C)
In the current period, Wooltru recorded an attributable profit of R8.3m compared to R5.9m for the previous six months ended December 2003. At 31 December 2004 net current assets amounted to R215.5m (2003 R194.5m). These assets consist mainly of bank and cash balances of R201.5m as well as liquid, low risk, income enhancing listed investments of R9.0m.



Litigation arising from the liquidation of CNA

The pending litigation arising from the liquidation of Consolidated News Agencies (Pty) Ltd was fully reported in the review which accompanied the 2004 annual financial statements. Due to the protracted nature of the litigation, little progress has been made and these issues remain unresolved. In regard to the claims by former employees of the business of Central News Agencies Ltd (`CNA`) regarding post-retirement medical aid contributions, it has been held that Wooltru is liable for any claims, which may be proved against Johnnic Book Retail Limited (`Johnnic`) (formerly CNA Gallo Ltd) by erstwhile employees of the business of CNA, as at 1 September 1997. However there is uncertainty regarding the success of any claims against Johnnic and consequently the liability of Wooltru.



Prospects

It is not possible to predict the outcome of the litigation surrounding CNA or the unresolved taxation queries with any accuracy. Based on legal advice Wooltru will continue to defend any claims. In the interim, the board will continue to keep the operating costs to a minimum. Going forward, the company is expected to have a positive trading cash flow.
02-Dec-2004
(Official Notice)
Notice is hereby given that the following dividend has been declared:

*6.00% Cumulative Preference Shares

*Dividend number 137

*Rate 6.00% p.a.

*Cents per share 6.00

*Period Half year to 31 December 2004

*Last day to trade `cum` dividend 17 December 2004

*Trading commences `ex` dividend 20 December 2004

*Record date 24 December 2004

*Payment date 28 December 2004
26-Aug-2004
(C)
In the current period, Wooltru recorded an attributable profit of R19.8 million compared to R15.9 million for the year ended 30 June 2003. Revenue however decreased to R20.4 million (R42.1 million). Headline earnings per share increased to 32.cps compared to 1.2cps for the previous period. No dividend was declared.



Prospects

It is not possible to predict what impact the litigation surrounding the CNA group will have on the proposed voluntary liquidation of Wooltru. Once certainty has been reached, the board will consider further dividends. In the intervening period, the board will strive to keep the operating costs to a minimum. Going forward, the group expects to have a positive trading cash flow.



16-Mar-2004
(Official Notice)
Wooltru shareholders are advised that Mrs L Tager (non-executive), D Lubner (non-executive) and J Newton have resigned as directors of Wooltru with immediate effect from 16 Mar 04. A Groll, M Kaplan and M Louw have been appointed as non-executive directors at the annual general meeting with effect from 16 Mar 04. J Rabb steps down as managing director but will continue as a non-executive director for a limited period.

11-Mar-2004
(C)
Wooltru reported revenue R10.9m, 41% down from the prior year's R18.5m. However, operating profit increased to R5.4m (R4.3m) at the back of lower operating costs. Headline earnings per share moved into the black at 1.2cps from the previous period's loss per share of 0.4cps.



As at 20 Feb 04, cash balances on hand amounted to R 199.8m. Estimated cash balances on hand at 30 Jun 04 are budgeted at R 201.2m. Net asset value per share strengthened to 41.2cps (36cps).



Prospects

The impact of the litigation surrounding CNA on the proposed voluntary liquidation of Wooltru is still uncertain. Only once certainty has been reached will the board consider further dividends. In the intervening period management will strive to keep the operating costs to a minimum. Beyond 30 Jun 04 the company is expected to have a positive cash flow.

05-Dec-2003
(Official Notice)
Mr John Newton has retired as financial director but will remain as a non-executive director.
29-Aug-2003
(Media Comment)
A pensioner of former CNA Gallo (now Johnnic Book Retail) has instituted a R20m claim against Johnnic and Wooltru for the payment of post-retirement medical aid obligations. Wooltru bought CNA companies from CNA Gallo before selling them to Gordon Kay. Johnnic claims that Wooltru contractually bound itself as co-principal debtor and surety for the compliance of the CNA companies for these obligations. In addition to the pensioners claim, the company is also facing a potential claim of R115m from the liquidators of the CNA companies.
28-Aug-2003
(C)
The group reported a revenue figure of R43m, down from the figure reported in the previous financial year of R2.3bn. Gross profit for the year was reported at R26.3m (R1.2bn). Earnings per share were reported lower at 4.3cps (19.3cps) and headline earnings per share were reported 1.5cps (90.5cps). The results of the group cannot be compared with the results of prior periods due to the restructuring that has resulted from the unbundling process and the sale of group assets.



During the past year, the directors and executive staff of Wooltru have been actively involved in resolving the remaining issues that stand in the way of a final distribution of the assets of Wooltru to its shareholders. These include numerous administrative tasks such as the collapsing of corporate structures and the de-registration or liquidation of companies within the group. Good progress has been made in these endeavours. At the date of this report, Wooltru's remaining assets consist of the balances payable in respect of the sale of properties, cash on hand and any amounts recoverable from the liquidation of CNA.



Concurrent with the disposal of assets, management has been working to finalise all outstanding administrative issues to enable the voluntary liquidation of Wooltru to take place as soon as possible. Good progress has been made in this regard. The final liquidation of CNA, which falls outside of Wooltru's control, will, however, determine whether the target date of June 04 for the voluntary liquidation of Wooltru is achievable. When certainty has been reached, the board will consider declaring further dividends. On the winding-up of Wooltru, the preference shares will be redeemed and all remaining cash will be distributed to shareholders.

21-Jul-2003
(Official Notice)
Further to the updated cautionary announcement dated 9 Jun 03, shareholders are advised that the liquidation of CNA and other related matters have not yet been resolved. Until further information is available, at which time Wooltru will release a full announcement, shareholders are advised to continue to exercise caution when dealing in their Wooltru Ordinary or "N" Ordinary shares.
09-Jun-2003
(Official Notice)
Shareholders are advised that all conditions precedent to the sale of Jet Park to VSM Investments have been met and transfer is expected to be effected by 1 Jul 03. Shareholders are also advised that the liquidation of CNA and other related matters have not yet been resolved. Until further information is available, shareholders are advised to continue to exercise caution when dealing in their Wooltru Ordinary or "N" Ordinary shares. Shareholders will be kept informed of any material developments.



07-May-2003
(Official Notice)
Wooltru has concluded an agreement, subject to certain conditions, to dispose of the Jet Park property. The net disposal consideration is R15m, payable in cash upon transfer of title to the property. The disposal of Jet Park represents the liquidation of the last major asset in Wooltru's portfolio. The financial effect of this disposal is positive for shareholders, in that provision had been made for a loss on disposal of R19.6m whereas the net sale consideration will reduce the budgeted loss by R2.2m. The resulting adjustment will not have a material effect on Wooltru's earnings or net asset value per share.



Shareholders are also advised that the liquidation of CNA and other related matters have not yet been resolved. Until further information is available, shareholders are advised to continue to exercise caution when dealing in their Wooltru Ordinary or "N" Ordinary shares. Shareholders will be kept informed of any material developments.



16-Apr-2003
(Official Notice)
The required amendments to the articles of association of Wooltru in order to allow for a specific repurchase of shares, and the necessary special resolutions to allow for the repurchase by Wooltru of the 3 974 617 Wooltru ordinary shares and 1 087 150 Wooltru "N" ordinary shares held by the Wooltru Share Trust was approved by the majority shareholders.
26-Mar-2003
(Official Notice)
Further to the updated cautionary announcement dated 19 Feb 03, shareholders are advised that the liquidation of CNA and other related matters have not yet been resolved. Until further information is available, shareholders are advised to continue to exercise caution when dealing in their Wooltru shares. Shareholders will be kept informed of any material developments.



12-Mar-2003
(Official Notice)
The directors of Wooltru have re-iterated their intention to continue the process of disposing of the company's assets, with a view to voluntarily winding up the company by Jun 2004. The specific repurchase is subject to: the passing by Wooltru shareholders of the required amendments to the articles of association of Wooltru in order to allow for a repurchase of shares in terms of the company act. A circular containing further details of the specific repurchase, notices of the meetings and forms of proxy will be posted, together with the notice of AGM to all Wooltru shareholders on 14 Mar 03.



27-Feb-2003
(C)
Wooltru`s entire holding in Massmart shares, Truworths shares and Woolworths shares were distributed to the company's shareholders on 26 Jun 02. With this distribution, the principal objective of the Wooltru unbundling was successfully concluded. However, the smooth passage to the ultimate winding up of Wooltru has been interrupted by the liquidation of companies in the CNA group. Revenue was lower at R18.5m (R1 188.6m), operating profit decreased to R4.3m (R212.9m), and the net profit attributable to ordinary shareholders decreased to R2.4m (R31.3m). EPS were down to 0.5cps (6.6cps), and HEPS reported a loss of -0.4cps (46.5cps profit).



The value of Wooltru can no longer be determined with regard to its earnings potential, but is a function of the net realisable value of its remaining assets. The board accordingly considers it more relevant to shareholders to focus on the value of the remaining assets in Wooltru, the anticipated costs to be incurred, and any liabilities to be settled, before Wooltru can finally be wound up. Wooltru`s remaining assets comprise properties, net proceeds from the disposal of shares still held by the Share Purchase Trust, cash and amounts due to Wooltru relating to the sale of CNA.

19-Feb-2003
(Official Notice)
Shareholders are advised that the liquidation of CNA and other related matters have not yet been resolved. Until further information is available, shareholders are advised to continue to exercise caution when dealing in their Wooltru ordinary or "N" shares. Shareholders will be kept informed of any material developments.



06-Jan-2003
(Official Notice)
Further to the updated cautionary announcement dated 25 Nov 02, shareholders are advised that the liquidation of CNA and other related matters have not yet been resolved. Until further information is available, shareholders are advised to continue to exercise caution when dealing in their Wooltru shares.



25-Nov-2002
(Official Notice)
Wooltru has been approached regarding a liability for the post retirement medical aid contributions of former employees of CNA, the majority of whom retired before Wooltru acquired the business. The valuation of this liability was previously R17m when Wooltru sold CNA, although, it has been revised to about R20m. After legal advice was sort Wooltru maintains that the liability does not devolve on them. Shareholders will be kept updated, however, until the matter is resolved they should exercise caution when dealing in their Wooltru shares.
22-Oct-2002
(Official Notice)
Further to the cautionary announcement dated 10 Sep 002, relating to CNA and its subsidiaries, shareholders are advised that an announcement was released by the liquidators that certain assets and liabilities of CNA have been sold to Edgars Consolidated Stores Ltd for a cash consideration of R130m. The inquiry into the circumstances surrounding the liquidation of CNA, will resume on 14 Nov 02. Further information will be provided to shareholders as and when the issues involved are clarified. In the interim, shareholders are advised to continue to exercise caution when dealing in their Wooltru Ordinary and "N" Ordinary shares.



13-Sep-2002
(Media Comment)
Speaking at the section 417 investigation into the fall of CNA, Tim Holden, MD of CNA, said that Wooltru had sold CNA to a party who didn't have the capital to fund the purchase price nor CNA's operational costs. He added that Gordon Kay - Associates couldn't add any value to the running of CNA, as it had no retail experience. Holden said that there wouldn't have been the need for an inquiry had the group's cash flow been kept in the business and not used to pay for Gordon Kay's purchase of CNA.
10-Sep-2002
(Official Notice)
Wooltru entered into an agreement in terms of which it will acquire a property ("Jet Park") situated at Erf 448 Jet Park Extension 14 for a purchase consideration of R32.4m. Jet Park is leased to Consolidated News Agencies (Pty) Ltd ("CNA") in terms of an agreement, which terminates in 2011. Wooltru guaranteed the CNA lease at the time the contract was entered into, at which time CNA was a wholly owned subsidiary of Wooltru. The property has subsequently been sub-let to Universal Product Networks (Pty) Ltd ("UPN") until 30 Jun 06. Woolworths issued a surety in favour of Wooltru, in respect of UPN's obligation under the sub-lease. Wooltru, however, remains exposed to the remainder of the lease period not covered by the sub-lease.



The owner of Jet Park offered to release Wooltru from the guarantee at a cost of R28m. As Wooltru wouldn't be able to apply for liquidation until the contingent liability arising from the guarantee is eliminated, and because the group is of the opinion that the offer from the owner is expensive, it actively sought alternative ways of eliminating the liability. After considering various alternatives Wooltru believes that the purchase and subsequent sale of Jet Park is in the best interest of Wooltru shareholders. The transaction is not expected to have a material effect on the net asset value or EPS of the group.



Further to the cautionary announcement dated 26 Jul 02, pertaining to CNA, shareholders are advised to continue to exercise caution when dealing in their ordinary shares and "N" ordinary share.

30-Aug-2002
(Media Comment)
Wooltru shareholders can expect to receive between 32cps and 35cps once the group's unbundling is complete. The group's shares are currently trading at around 20cps reflecting a discount applied because of a long waiting period. Management announced yesterday (29 Aug 02) that the group should be wound up in about 16 months' time.
29-Aug-2002
(C)
Revenue decreased slightly to R2 396.9m (R2 887.1m) whilst net profit turned the corner increasing to R91.7m (-R71.7m). EPS increased markedly to 19.3cps (-15.2cps) and HEPS increased by 386.6% to 90.5cps (18.6cps). HEPS from continuing operations amounted to -9.4cps (-8.5cps).



The results, for the period under review, are not comparable to those of the previous year as they do not include the results of CNA, Wooltru Insurance Brokers and Inthebag whilst Topics' results are only included up until 31 March 02 and Affinity Logic's until 31 May 02. Cash realised from liquidating parts of the group's property portfolio have been added to the group's cash balance. The timing of the voluntary liquidation of the group is largely dependent on the issues surrounding CNA, should CNA's liquidation proceed without any calls upon Wooltru, it is expected that the Wooltru group will be wound up within the next 16 months. Upon the winding up of the group the preference shares will be redeemed and all remaining cash will be distributed to shareholders.

26-Jul-2002
(Official Notice)
Further to the cautionary announcement dated 18 Jul 02, Wooltru received written notice from Corpcapital that it has withdrawn from the agreement referred to in that announcement. An application to place the principal trading companies within the CNA group under judicial management has been granted by the High Court. Accordingly shareholders are advised to exercise caution when dealing in their Wooltru shares.
23-Jul-2002
(Media Comment)
Wooltru's shares were some of the most actively traded shares on the JSE on 22 Jul 02, with volumes reaching 7.8m for its ordinary shares and 14.5m for its "N" shares. Both shares lost value however with the ordinary shares dropping by 3.45% to 28cps and the "N" shares losing 3.57% to trade at 27cps.
19-Jul-2002
(Official Notice)
Further to the cautionary announcements dated 20 Jun 02 and 16 Jul 02 shareholders are advised that an agreement, subject to conditions precedent, has been concluded between Wooltru, Corpcapital, Gordon Kay - Associates ("G-K"), Mark Gordon and Tony Kay, in which Corpcapital or its nominee will acquire:



* the entire share capital in and shareholder's claims against CNA (Pty) Ltd, from G-K

* Wooltru's right title and interest in, and claims against CNA, G-K, Mark Gordon and Tony Kay together with Wooltru's right title and interest in and to security in relation to the claims.



Pending the fulfillment of the conditions precedent the control and management of CNA remains vested in the CNA board.



Shareholders are advised to continue to exercise caution when dealing in their shares until a further announcement is made.

16-Jul-2002
(Official Notice)
Further to the announcement dated 20 Jun 02, shareholders are advised that CNA is in discussions with its creditors, including Wooltru and bankers regarding its capital structure and funding requirements. These discussions may have a material effect on the price of Wooltru shares and accordingly shareholders are advised to exercise caution when dealing in their shares.
20-Jun-2002
(Official Notice)
20-Jun-2002
(Media Comment)
Wooltru's share price adjusted downwards to 36cps (919cps), reflecting the unbundling of its shares in Woolworths, Massmart and Truworths to shareholders.
10-Jun-2002
(Official Notice)
Holders of Wooltru ordinary shares and Wooltru "N" ordinary shares are advised that, the requisite majority of shareholders passed a special resolution. The resolution will give effect to the distribution of Wooltru's entire holdings of shares in Massmart Holdings Ltd, Truworths International Ltd and Woolworths Holdings Ltd, to shareholders, registered as such on 25 Jun 02. Shareholders are advised that the last date to trade shares "cum-distribution" will be 18 Jun 02.
03-Jun-2002
(Official Notice)
Wooltru has agreed to co-operate with G-K and the management of CNA in restructuring CNA as Wooltru is of the opinion that such co-operation will be to the benefit of Wooltru shareholders. Wooltru shareholders can expect a further update on progress after two weeks. These developments will not affect Wooltru's proposed unbundling, nor the envisaged voluntary winding up of Wooltru.
13-May-2002
(Official Notice)
Further cautionary announcement dated 2 Apr 02 and the subsequent announcement made on 2 May 02 regarding Wooltru`s progress towards unbundling its listed assets, a circular dealing with the unbundling was dispatched to shareholders on 13 May 02. Consequently, Wooltru shareholders need no longer exercise caution when trading in their Wooltru ordinary and "N" ordinary shares.
03-May-2002
(Official Notice)
Messrs M J Lamberti, M S Mark and S N Susman will be resigning as directors of Wooltru with effect from 10 Jun 02.



02-May-2002
(Official Notice)
18-Apr-2002
(F)
02-Apr-2002
(Official Notice)
Shareholders are referred to the information regarding Wooltru's progress towards unbundling its listed assets, which were included in the interim results announcement on 5 Mar 02, and the cautionary announcement made on 18 Feb 02. Wooltru remains in discussions with the appropriate authorities to determine how to accommodate Wooltru's unbundling within the relevant legislation. The Wooltru board remains confident of a successful outcome from these discussions, and will communicate with shareholders once certainty has been reached. Wooltru ordinary and N ordinary shareholders are therefore urged to continue to exercise caution when dealing in their shares.
18-Feb-2002
(Official Notice)
Wooltru has reached agreement for the sale of its equity and debt interests in Topics for a total consideration of R15m to a consortium led by Tuan Marais and Leonard Abel, who are directors and former owners of Ivano (Pty) Ltd, an 80% owned subsidiary of Topics. The sale will be effective from 31 Dec 01, and is conditional upon approval by the competition authorities, and formalisation of appropriate documentation.



The purchasers will pay Wooltru R13m in cash, all of which is fully underwritten. In addition, Wooltru retains the rights attaching to the proceeds from the sale of its shareholding in Truworths Zimbabwe, which were due to Topics, and which are expected to be approximately R2m. The consideration is payable on the later of the fulfilment of all conditions or 15 Apr 02.



The proceeds from the sale will further increase Wooltru's cash holdings which will ultimately be distributed to shareholders on final liquidation of Wooltru.



As stated in the cautionary announcement on 22 Jan 02, all the commercial requirements for the unbundling have been met, but certain aspects of the new unbundling legislation require clarification before Wooltru can proceed. Wooltru is in ongoing discussions with the appropriate authorities to obtain this clarity, and will advise shareholders of their outcome in due course. In the interim, shareholders are advised to continue to exercise caution when dealing in their Wooltru shares.

18-Feb-2002
(Official Notice)
Wooltru has been ready to complete the first leg of its unbundling, which involves the distribution of stakes in listed subsidiaries Woolworths, Truworths and Massmart, since Dec 01. However, the obstruction lies in some provisions of the new unbundling legislation, which became law towards the middle of Dec 01. The new legislation has caused uncertainties, specifically with regards to two provisions. The first one centres on the treatment of foreign shareholders, while the second deals with the percentage of assets that an unbundling company may hold in so-called financial instruments. There is confusion about what a financial instrument is. John Rabb the MD of Wooltru said one of the main stumbling blocks was that the revenue authorities did not yet have discretion to interpret the new legislation, as they did in previous unbundling legislation.



To qualify for unbundling, all shares held in companies being unbundled have to be distributed to all shareholders. However, certain countries - such as the US, Canada, Australia and Japan - do not allow shares to be sent to them unless the companies are registered under their securities exchange commission regulations. In Wooltru's case, foreign investors hold shares in Woolworths, Truworths and Massmart. According to Rabb, "in the past, with an unbundling of this nature, directors would have sold the shares and sent the money to offshore shareholders". However, under the new legislation the revenue authorities have not been given authority to rule whether this constitutes an unbundling.

22-Jan-2002
(Official Notice)
On 10 Dec 01 Wooltru released an update on the unbundling, and a further cautionary announcement. In the announcement, shareholders were advised that the Company was awaiting the coming into law of the Second Revenue Laws Amendment Bill 2001, and was seeking clarity on certain provisions of the proposed new legislation before approving the unbundling. The new legislation has now been promulgated. However, Wooltru still requires clarification on certain issues stemming from the new legislation, as their interpretation could affect the unbundling. The Wooltru Board will meet as soon as these uncertainties have been resolved, whereafter the timing of the unbundling will be announced. Wooltru Ordinary and "N" Ordinary shareholders are, therefore, urged to continue to exercise caution when dealing in their shares.

14-Jan-2002
(Official Notice)
Speculative interest in exploiting the spread, currently about 16%, between the Wooltru share price and the value of its assets is likely to heighten in the next couple of months as the group's unbundling process enters its final stage. Assuming that Wooltru will get about R50m for Topics and the full selling price for Affinity and CNA, it is roughly estimated that the group's total asset value could be about R4.45bn compared with its current market capitalisation of R3.81bn. This is equivalent to a NAV of 930c against a share price of 800c.



An analyst said recent good trading updates from several retailers had been positive for the sector, and profit announcements in the next few months were expected to be solid. The analyst said he rated Wooltru as a buy and was surprised that the shares were not responding to recent strengths in the underlying subsidiaries, particularly Truworths.
10-Dec-2001
(Official Notice)
At a meeting held on 4 Dec 01, the Wooltru Board reviewed the progress towards the unbundling of the company's holdings in Woolworths Holdings Ltd, Truworths International Ltd and Massmart Holdings Ltd. To-date all the substantive commercial issues have been resolved, and the approval of the Second Revenue Laws Amendment Bill, 2001 (Bill 84 - 2001) has provided greater clarity on the Capital Gains Tax and Secondary Tax on Companies implications of the unbundling. The Board, however, is awaiting the date on which the new unbundling legislation will become law, as well as clarification needed in relation to certain provisions of the new legislation, before the unbundling timetable can be finalised.



The Board will meet again in Jan 02, by which time the legislative uncertainties would, hopefully, have been resolved. In the interim, shareholders are advised to continue to exercise caution when dealing in their Wooltru ordinary and "N" ordinary shares.

27-Nov-2001
(Official Notice)
The Wooltru 1982 Executive Share Purchase Trust has realised R80.4m in cash through the sale of 8 500 000 Wooltru ords and 1 555 000 Wooltru "N" ords at a price of R 8ps. The shares were accumulated by the trust in anticipation of future employee share awards, which, as a result of the proposed unbundling of Wooltru, are no longer required. The proceeds, which formed part of the liquid investments referred to in the announcement issued on 21 Nov 01, will be applied to the repayment of the loan owing by the share trust to Wooltru. This payment will eliminate Wooltru's remaining debt. The sale was effected by means of an accelerated placing in which Cazenove acted as sole book-runner.



The balance of the loan owing by the share trust to Wooltru is repayable when shares, held by employees in terms of the rules of the share trust, are either taken up or become available for sale as agreements are cancelled. Whilst the timing of the unbundling of the listed investments in Woolworths, Truworths and Massmart is in no way affected by the repayment of the share trust loan, an earlier repayment will facilitate the timing of the ultimate liquidation of Wooltru. Accordingly, the Wooltru Board has instructed the trustees of the share trust to procure the cancellation of all employee agreements with the share trust within the shortest possible

time. Negotiations are currently under way which will enable the share trust to be unwound by 30 Apr 02 and the loan repaid. At current market values, the further proceeds that would be received by Wooltru would amount to approximately R85m.





23-Nov-2001
(Media Comment)
Affinity Logic is expected to take a dip in profit this year because of restructuring costs incurred from unbundling retail holding company Wooltru's 47.4% stake in the company [Affinity management will take up this stake].



Affinity, which depended heavily on business from Wooltru, now gets most of its revenue from other sources. It recently launched Logic Services, an e-services division, which brings together companies and their trading partners over the internet. Affinity expects the new division to generate more than R30m in turnover by the middle of next year. It said that 80% of that revenue would be generated from outside the firm's client base. Affinity had, in the past year, acquired several small businesses - such as graphics and content distributor - which would form the pillar of the new division.
21-Nov-2001
(Official Notice)
Wooltru will begin dematerialising from 10 Dec 01. This will continue until 7 Jan 02, at which time the first electronic trade will take place.
21-Nov-2001
(Official Notice)
Wooltru has reached agreement in principle for the sale of its interest in Affinity Logic Holdings (Pty) Ltd to the management of Affinity, supported by Datatec Ltd, who currently owns 47.4% of Affinity. The consideration is approximately R45m in cash, with a further R5m due on 30 Jun 02, contingent upon the achievement of certain turnover by Affinity for the year ended 31 Mar 02. Affinity is carried at a value of R44.1m in Wooltru's books at 30 Jun 01.



Furthermore, the Kensington retail development opened on schedule in late Oct 2001 and the transfer took place on 20 Nov 01. The proceeds of R100m have been received and have been applied to the reduction of Wooltru's borrowings. The remainder of the portfolio is valued at R104.7m. Of this amount, offers for R39m have been accepted and transfers are in various stages of progress. At least R15m is expected to have been received before 31 Dec 01. Of the remainder of the portfolio, valued at R65.7m, offers have been received in respect of R50.7m and are currently being considered.



Wooltru has commenced with a formal process to deal with its investment in Topics (Pty) Ltd.



The progress made since the announcement on 10 Oct 01 has provided sufficient certainty to enable the board to commit to unbundle 100% of Wooltru's shares in Massmart, Truworths and Woolworths. The board will meet again in early Dec 2001 to finalise the timing of such an unbundling and shareholders should expect a further announcement thereafter. In the interim, shareholders are advised to continue to exercise caution when dealing in their Wooltru ordinary and "N" ordinary shares.

24-Oct-2001
(Official Notice)
The directors of IT services company Affinity Logic made an offer to Wooltru to buy back its stake in Affinity Logic. Richard van Rensburg, CEO of Affinity Logic, said the negotiations were in their final stages and an announcement could be made by early Nov 01. Wooltru holds 32% of Affinity Logic.



One retail analyst said the market did not expect the sale to affect Wooltru's financial results. The analyst said that it allowed Wooltru to focus on the disposal of its properties division, which it had been struggling to sell. Affinity Logic launched its new Trade Logic Services division on 23 Oct 01. The new division focuses on bringing companies together with their trading partners over the internet and is expected to generate more than R30m in turnover by the middle of 2002.
10-Oct-2001
(Official Notice)
Progress has been achieved towards the Wooltru unbundling. Agreements have been concluded relating to guarantees of promissory notes issued by Massmart stores. Wooltru's contingent liabilities to these guarantees amounts to R1.6bn, and other intra group guarantees relating to properties have also been resolved. The amounts due from the sale of CNA have also been agreed on and Wooltru will receive an additional R15m over and above the original R150m agreed on at the time of sale. Negotiations regarding the sale of Affinity Logic continue to progress and the group's debt has been reduced to R161.3m from R326.7m.



There is now certainty regarding Wooltru and its ability to unbundle 100% of its holdings in Woolworths, Truworths and Massmart by way of a dividend in specie. Shareholders will also retain their Wooltru ordinary and "N" ordinary shares. Wooltru shares will also remain listed after the unbundling, until Wooltru is wound up, and then shareholders should expect to receive a cash dividend. The board is committed to unbundling its entire holdings in its listed investments, and will be meeting in early Nov 01, to finalise the timetable. Shareholders should expect a detailed announcement after that meeting.

03-Sep-2001
(Official Notice)
According to John Rabb, Wooltru's MD, there was a good chance Wooltru could be left with cash of 20c to 30c a share once its unbundling was complete, although there were many unknowns which could affect this possibility. The value of subsidiary Topics and the redemption loans in CNA were two such unknowns. Because of the unbundling, Wooltru's value is no longer related to its earnings but is instead based on the realisable value of its investments. Wooltru's balance sheet showed NAV at R5.05ps, reflecting the cost value of the assets. The market value of the group's listed investments alone was R8.03ps, Rabb said. He said any valuation below R8.03 meant an assumption that the unlisted investments would cost the group money to dispose of, but he did not believe this would be the case. Several agreements regarding the sale of Wooltru's unlisted investments were already either signed or under discussion.



Topics had a book value of R47.9m and a NAV of R100.8m. Its final sale price would depend on the trading results going forward and the state of the retail market at the time of sale. An offer had been receive for the 32.5% investment in Affinity Logic. The directors valuation of Affinity had been reduced to R135.6m, due to the decline in the ratings of IT companies. Properties worth R218.5m would be sold by the end of Nov, although additional expenditure of R30m was expected.
31-Aug-2001
(C)
Revenue from continuing operations decreased to R366.7m (R407.5m), operating income from continuing operations dropped to -R18m (+R98.1m), and attributable income from continuing operations decreased to -R533m (+R250.7m). Exceptional loss for the period was R168m and HEPS from continuing operations was -13c (+1.6c). Wooltru is well into its unbundling process. An important milestone was reached when the group sold its holding in CNA to Gordan Kay - Associates for R150m. The proceeds were used to retire some of its debt. Other disposals include Inthebag for R25m to Woolies. Wooltru closed its headquarters and made a R120m provision for rental and closure costs. Plans are for Wooltru to have completed this unbundling process before 1 Oct 01, when capital gains tax is due to become effective. MD John Rabb said that earnings were no longer comparable, and that Wooltru was now an asset play and not an earnings play. However, Wooltru's NAV is at 505cps and it is currently trading at 775cps. Options on the possible restructuring are unclear but an analyst said that Wooltru might not unbundle all its listed investments because it needs assets to discharge debt. On 17 Aug 01 Wooltru released a cautionary announcement which advised shareholders to exercise caution in dealing in their Wooltru shares pending an announcement regarding the unbundling strategy following the Wooltru board meeting, held on 27 Aug 01. Implementation of this strategy will proceed as soon as certain matters still in process have been resolved. Wooltru ordinary and `N' ordinary shareholders are therefore urged to continue to exercise caution in dealing in their shares.

17-Aug-2001
(Official Notice)
Wooltru's HEPS for the financial year ended 30 Jun 01 are not comparable with prior years and will be substantially below those reported for the 2000 financial year. The decrease in earnings is the result of the final attributable losses of CNA and inthebag; continued but attenuating losses from Topics; as well as certain restructuring costs and provisions required in preparing for the disposal of the unlisted investments and the ultimate unbundling of Wooltru.



Planning for implementation of the unbundling strategy has reached an advanced stage and will be considered at a meeting of the board of directors of Wooltru to be held on 27 Aug 01. In the meantime, shareholders are advised to exercise caution in dealing in their Wooltru ordinary and "N" ordinary shares.

18-Jun-2001
(Official Notice)
Wooltru, which is unbundling, was aiming for a complete of partial distribution of its stakes in Woolworths, Truworths and Massmart by 1 Oct 01. Once the unbundling is complete, Wooltru will be left as a cash shell and delisted. The group's retail assets have been estimated at between R4bn and R5bn. Progress had been made in discussions concerning the sale of Affinity Logic.
31-May-2001
(Official Notice)
Wooltru and Woolworths announced that Woolworths has agreed to purchase the online retail business, inthebag (Proprietary) Ltd (inthebag), from Wooltru for approximately R25m with effect from 1 Jul 01. This follows the need to resolve the future of inthebag, given the Wooltru unbundling.
30-May-2001
(Media Comment)
Companies including Mr Price, Pepkor, Edgars and Wooltru would send representatives to a union meeting on the 31 May 01, hoping to stop extensive protests by the South African Clothing and Textile Workers Union (Sactwu). Spokesman for Cosatu's general secretary said that the employers had not implemented decisions taken at the 2000 sectoral job summit and that was why the industrial action was needed. Planned action included mass rallies outside stores and sleep-ins during operating hours to obstruct work.
06-Mar-2001
(Official Notice)
Wooltru will be releasing its results to 31 Dec 00 on the 8 Mar 01.
20-Feb-2001
(Official Notice)
Woolworths, Truworths and Massmarts' results all indicated growth in earnings, however, the Wooltru board believes that investors may not have considered the start-up costs of In-the-Bag and substantial costs of clearing the excess stock at Topics. In addition, Wooltru's results will be impacted by the dilution of the group's interest in Massmart, which arose out of the conversion of debentures and Massmart's recent listing. Accordingly, Wooltru's earnings for the six months to 31 Dec 00 are expected to be well below those reported for the corresponding period.

15-Feb-2001
(Official Notice)
Further to the cautionary announcements published on 15 Dec 00 and 26 Jan 01, Wooltru has sold Consolidated News Agencies (ANC) to Gordon Kay - Associates for R150m, effective 1 Mar 01. The consideration is to be settled as follows:

- R15.4m in cash, payable on the closing date;

- R84.6m in cash, payable on 30 May 02, to be secured by commercial bank guarantees; and

- R50m in cash, payable on 30 May 02, to be secured by a pledge over equity within the new CNA group.
26-Jan-2001
(Official Notice)
The company announced that negotiations referred to in cautionary announcement dated 15 Dec 00 are still in progress. Caution should therefore be exercised in all share transactions until further notice.
15-Dec-2000
(Official Notice)
Wooltru is engaged in negotiations which, if successfully concluded, may have an effect on the value of Wooltru's shares. Until a further announcement is made, Wooltru shareholders are advised to exercise caution in dealing in their Wooltru shares.
08-Dec-2000
(Official Notice)
Wooltru has confirmed that it still intends to release the value in its retail investments thereby eliminating the current discount inherent in its share price. On consultation, and because it has not received any offers for its retail assets, Wooltru's directors consider that the most appropriate way to release value from the holdings in Woolworths, Truworths International and Massmart is for Wooltru to unbundle these holdings to Wooltru shareholders. The board's intention of releasing value to shareholders also extends to the unlisted subsidiaries, namely, CNA, Topics, Affinity Logic and Inthebag. Dates for the releases are not yet established so it continues to be inappropriate to forecast earnings.
12-Sep-2000
(Media Comment)
Dutch-based SHV, which holds 32% of Massmart Holdings, has denied that it might acquire Massmart from Wooltru and delist it.
04-Sep-2000
(Media Comment)
Shares in companies in the Wooltru group came under pressure on Fri (1 Sep 00) on fears there could be an overhang when Wooltru disposes of its retail investments. Wooltru dipped during the day, but closed unchanged at 960c. Woolworths lost 6% to 385c and Truworths dropped 2.5% to 551c. Massmart, the liquidity of which will be significantly enhanced by the disposals, was unchanged at R14.50c. One analyst, who viewed the disposals as "fantastic news", said it was important that an overhang is not created and suggested that Wooltru may have to look offshore to place the stock.
01-Sep-2000
(Media Comment)
Wooltru will be left as a small technology company once it realises plans to dispose of all its retail investments, valued at between R4bn and R5bn. This includes its 46% stake in Woolworths, 55% of Truworths, 62% of Massmart, 99.5% of Topics, 100% of CNA and 99% of Woolworths Properties. It will be left with its 40% stake in Affinity Logic and will be come a provider of technological services to retailers. The method of distribution will be announced after consultation with major shareholders, the business and advisors and should be completed within 18 months. In theory, the disposal would eliminate the discount at which Wooltru trades to its underlying investment.
31-Aug-2000
(C)
Revenue increased to R14.1bn (R12.6bn), operating income decreased to R502.6m (R515.9m), and attributable income rose to R447.4m (R339.5m). Exceptional items amounted to R105.9m and related to the discontinuance of Sportsgirl and restructuring surpluses. EPS rose to 98.8c (78.2c) and headline EPS decreased to 55.5c (56.1c). The year as been frustrating in that the impact of many new initiatives has been offset by disappointing performances of some of the trading companies. The performance of Woolworths was below expectations, although the 8% decline in profitability in the first half was partially offset by a 4% increase in the second half. Woolworths' contribution declined for the period. Trading in recent months has shown improvement. The headline earnings contribution from Truworths declined marginally during the year due to a reduction in investment income and a debtor write-off policy. With the burdensome Sportsgirl, now placed under voluntary administration, it is anticipated that Truworths will improve its results in following years. Massmart?s contribution to headline earnings increased by 138%. This exceptional performance was achieved through real growth in market share and an improvement in operating margins. Massmart's portfolio of low-cost trading formulae, consumer segments and growth options has positioned it for continued growth at lower risk. Topics' contribution to group earnings deteriorated. A marginal increase in sales could not compensate for the 8.3% increase in expenses. Profits were impacted by a mark-down provision needed to clear an overstocked situation. CNA's performance during the second half worsened alarmingly. Sales growth across the product range was mediocre, with negligible growth in core categories. The rural stores have suffered from the decline in agriculture and mining activities. CNA's larger stores performed satisfactorily. Affinity Logic showed pleasing growth, but Wooltru's share of earnings declined due to an increased tax charge. Wooltru's reduced contribution to earnings resulted from lower interest income as cash reserves were used for further investment in group companies. Earnings in all the group's retail businesses is expected to improve, but as Wooltru moves from owning a portfolio of retail businesses to becoming a service provider to these retailers, its earning pattern will change. thus no forecast can be made.
24-Aug-2000
(Media Comment)
The Wooltru group has joined the worldwide retail exchange, the world's leading retail e-marketplace. This will provide the Wooltru group companies access to a large source of global suppliers and will provide opportunities to improve buying processes and reduce supply chain costs. Wooltru is the first South African retailer to join a major global e-commerce exchange. Wooltru will join the exchange as a charter member which entitles it to participate alongside other international retailers in the development and governance of the exchange. The governing group of retailers include 17 founding members and up to 40 charter members. The number of charter members may be increased in the future. Wooltru, through Affinity Logic, its e-commerce joint venture with Datatec, will develop a program to assist retailers and local suppliers to integrate with the exchange.
15-Aug-2000
(Media Comment)
Analysts have revised their forecasts of Wooltru's performance downwards. Results are expected to be in line with an earlier profit warning which suggested earnings will be materially lower than its own 64.5c forecast. The consensus forecast is now 61c, but analysts have been overoptimistic in the past.
10-Jul-2000
(Official Notice)
Wooltru's earnings for the year ending 30 Jun 00 will be materially lower than the 64.5c per share forecast at the interim stage. This is due to restructuring at Woolworths (costing R45m), deteriorating market conditions negatively impacting Topics and CNA, and the application of new generally accepted accounting practice which have reduced the earnings base for the current and previous years.
30-Jun-2000
(Official Notice)
Subject to JSE approval, the Massmart listing is expected to take place on 4 Jul 00. The prime objective of the listing is to enable Massmart to raise future capital at a cost established by its own performance and prospects. The proceeds of the proposed of the proposed private placing will be utilised to pay down existing debt arising from acquisitions over the past three years.
29-Jun-2000
(Official Notice)
Further to the announcement dated 6 Jun 00, Kutloano will not take up its option to subscribe for up to 10% of the new shares in Massmart.
25-Nov-1999
(Media Comment)
Wooltru is preparing to take advantage of the global opportunities offered by technology, wanting to exploit synergy between retail and IT innovations.
02-Sep-1999
(C)
Turnover for the Group decreased to R12.5bn (R13.9bn) with net income following to R172.9m (R181.1m). Headline EPS dropped to 58c (74.3c). Woolworths turnover increased 17% to R5.9bn but profit before tax decreased 5%. Headline EPS for Woolworths dropped 13% mainly due to additional shares in issue. Country Road, Woolworths Australian operation improved its trading loss to AU$2.3m (AU$7.2m). Truworths turnover improved by 10% with profit before tax following the trend by 18%. However a loss of AU$12.9m in the Australian operations severely impacted the results. Massmarts turnover increased by 10% but was depressed by the decline in private consumption expenditure. The acquisition of Game, a dedication of value retailing, sound operating practices and tight cost controls resulted in a 104% growth of operating profits to R149m. Headline earnings increased by 21% to R61.8m. CNA's sales grew 9% to R1.1bn from a 3% growth of space. Trading profit was R27.7m, a R77.3m improvement on the previous year. Wooltru has reviewed all its investments and budgets on conservative expectations of economic growth and very tight expense and working capital control have been set. In an environment of falling interest rates and economic stability the Group is confident of good growth in profits in the coming year.
25-Aug-1999
(Official Notice)
Massmart released exceptional results for the year to June on the back of excellent sales from Makro and Game. A 53% increase in revenue to R8.9m(R5.8m) and 104% rise in operating revenue produced a fully diluted HEPS of 118.1cps(51.1cps). Makro warehouses were the largest contributors to revenue, in spite of negative sales growth of big ticket merchandise. Chairman Mark Lamberti reported that the lowering of interest rates , improved consumer sentiment and the demutualisation of Old Mutual would improve shareholder value.
16-Jul-1999
(Official Notice)
Truworths International Ltd (TRUWTHS), a 54.9% subsidiary of WOOLTRU, announced on 13/7/99 that it is expected to show a reduction in profits for the year ended 30/6/99, as a result of material losses likely to be made by its Australian subsidiary, Sportsgirl Sportscraft Group. Woolworths Holdings Ltd, in which Wooltru has a 46.7% interest, has announced that it anticipates showing a decrease in profits for the current year. The decline by these 2 major contributors to the group, together with groupwide depressed performance arising from extremely difficult retail conditions in the 2nd half, will result in Wooltru showing a material decrease in profits for the year to June 99.
18-Mar-1999
(Official Notice)
Wooltru's retail chain Game aims to expand into 12 countries over the next four years. 12 New stores are also planned for SA in 1999.
17-Feb-1999
(Official Notice)
60.2% held subsidiary Massmart reported a 73% increase in headline earnings to R62.4m from R36m. Headline EPS increased by 48% to 768c from 517c.
12-Oct-1998
(Permanent)
Woolworths is an associate company and is therefore reflected as an asset in the group's figures.
02-Oct-1998
(Official Notice)
Further cautionary relating to the Game acquisition.
11-Sep-1998
(Official Notice)
Wooltru subsidiary Massmart has acquired the Game division from McRetail for R755m in cash, effective 1/10/98.
01-Sep-1998
(Official Notice)
Wooltru has sold 47.5% of Affinity Logic, a retail electronic commerce company focusing on Internet based transaction processing, to Datatec for R475m. This will be settled in cash, R175m in Sept 98 and three annual tranches of R100m. Wooltru will retain 47.5% and a share incentive scheme 5%.
19-Aug-1998
(Official Notice)
Further cautionary.
23-Jul-1998
(Official Notice)
Cautionary announcement.
19-May-1998
(Permanent)
On 11 May 1998 Wooltru distributed 43.5% of Truworths International to shareholders registered on 8 May 1998, in the ratio 44:100.
18-May-1998
(Permanent)
On 17 October 1997 Wooltru distributed 43.2% of Woolworths to shareholders registered on 15 October 1997, in the ratio of 86:100.
17-Mar-1998
(Official Notice)
Listed on the Namibian Stock Exchange on 18/3/98.
11-Mar-1998
(Official Notice)
Wooltru is to distribute 43.5% of Truworths International to shareholders registered on 8 May 98, in the ratio of 44:100, on 11 May 98. Truworths will then expand internationally.
23-Sep-1997
(Official Notice)
A new virtual network will be set up between Nedcor, DiData, Old Mutual, and Wooltru. This will enable sharing of marketing-strategic information, as well as improved payment and settlement performance. Other companies are expected to join and use this network.
17-Sep-1997
(Official Notice)
Wooltru will distribute 43.2% of the share capital of Woolworths to Wooltru shareholders and retain 55.1%. Distribution will be through a dividend in specie in the ratio of 86 Woolworths for every 100 Wooltru held. LDR 17/10/97, Woolies will be listed on 20/10/97.
29-Aug-1997
(Official Notice)
Agreement in principle for Wooltru to acquire Central News Agency Ltd and Constantia Greetings (Pty) Ltd from CNAGallo.
22-Aug-1997
(Official Notice)
Plans are underway to list Woolworths as a separate entity on the JSE before the end of 1997. Shareholders will receive a dividend in specie on listing.
15-May-1997
(Official Notice)
One half of the 11.2% unsecured debentures will be redeemed on 30/06/97 to shareholders registered on 23/03/97.
21-Feb-1997
(Official Notice)
Plans are in progress to list Woolworths and Truworths Int. on the JSE late in 1997.
04-Nov-1996
(Official Notice)
Select Retail Group consists of Truworths (98.7%), Topic Stores (99.5%), and the Australian Sportsgirl Sportcraft Group (89.5%)


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