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12-Oct-2018
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 21 September 2018 and in the press on 25 September 2018 and are hereby advised that, as negotiations have been terminated, they are no longer required to exercise caution when dealing in the Company?s securities.
21-Sep-2018
(Official Notice)
Shareholders are advised that the Company has entered into negotiations which, if successfully concluded, may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made.
30-Jul-2018
(Official Notice)
Shareholders are advised that the company?s Annual Financial Statements, were posted to shareholders today, 30 July 2018 and contains no changes to the reviewed financial results which were announced on SENS on Friday, 15 June 2018. The annual financial statements were audited by the company?s auditors, Mazars and their unmodified report is available for inspection at the company`s registered office. The company?s Full Integrated Annual Report incorporating the audited Financial Statements for the year ended 31 March 2018 will also be made available on its website www.primeserv.co.za.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of the shareholders of Primeserv will be held on Friday, 23 November 2018, at Protea Hotel Wanderers, corner of Corlett Drive and Rudd Road, Johannesburg at 09:30 business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.



The posting record date, being the date to be recorded in the register to be eligible to receive the notice of annual general meeting is Friday, 20 July 2018. The record date on which shareholders of the company must be registered as such in the Companies? Securities register, which date was set by the Board of the company determining which shareholders are entitled to attend and vote at the annual general meeting is Friday, 16 November 2018. Accordingly, the last day to trade in order to be able to attend and vote at the annual general meeting is Tuesday, 13 November 2018.



Proxies must be lodged at or posted to the company or the company?s transfer secretaries to be received not later than 09:00 on Wednesday, 21 November 2018.



B-BBEE annual compliance report

Shareholders are advised that the annual compliance reports, relevant to the Primeserv group, in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act, No. 46 of 2013, are available on the company?s website www.primeserv.co.za.
15-Jun-2018
(C)
Revenue for the year jumped to R725.3 million (R642.1 million) whilst operating profit rose to R22.3 million (R21.6 million). Profit attributable to ordinary shareholders grew to R19.5 million (R16.0 million). In addition, headline earnings per share were higher at 22.14 cents per share (18.74 cents per share).



Final dividend

Notice was given that a final gross cash dividend of 1.60 cents per share for the year ended 31 March 2018 was declared on Friday, 15 June 2018, payable to shareholders recorded in the register of the Company at the close of business on the record date.



Company outlook

The uncertain and weak trading and macro-economic environment combined with the socio-economic challenges facing the country, make it difficult to assess the short to medium-term outlook, however, the Group remains well poised to respond to opportunities as they present themselves.



The Group continues to target both organic growth, and acquisitive opportunities aimed at furthering its national business support services capability.
25-Apr-2018
(Official Notice)
Primeserv accordingly advises that management?s review of the financial results expected for the 12 months ended 31 March 2018 has indicated that Primeserv will reflect earnings per share of between 21.32 cents per share and 22.04 cents per share, in comparison to earnings per share of 17.77 cents per share, and headline earnings per share of between 22.11 cents per share and 23.05 cents per share in comparison to headline earnings per share of 18.74 cents for the 12 months ended 31 March 2017. This represents an increase in earnings per share of between 20% and 24%, and an increase in headline earnings per share of between 18% and 23%.



The financial results on which this trading statement has been based have not been reviewed or reported on by the company?s auditors. The financial results of the company will be published on or about Friday, 15 June 2018.
22-Nov-2017
(C)
Revenue for the year jumped to R347.9 million (R297.3 million) whilst operating profit grew to R10.1 million (R9.8 million). Profit and total comprehensive income attributable rose to R7.8 million (R7.0 million). In addition, headline earnings per share was higher at 8.66 cents per share (7.78 cents per share).



Dividend

Notice is hereby given that a gross cash dividend of 1.50 cents per share for the interim period was declared on Wednesday, 22 November 2017



Company outlook

The South African economy remains under pressure and growth prospects in many of the sectors serviced by the Group continue to be weak. Nevertheless, Primeserv continues to seek out both organic and acquisitive opportunities in line with its strategy of advancing its national business support services capability, whilst also aiming to unlock the value inherent in the Group.
17-Nov-2017
(Official Notice)
Primeserv is pleased to inform its shareholders that, at the annual general meeting held today, 17 November 2017, all the proposed ordinary and one of the two special resolutions were passed by the requisite majority of shareholders present and voting, in person or by proxy.

29-Sep-2017
(Official Notice)
Shareholders are advised that the Company?s Integrated Report, incorporating the audited financial statements for the year ended 31 March 2017, was distributed to shareholders on 29 September 2017. These annual financial statements contain two adjustments when compared to the reviewed results which were published on SENS on 23 June 2017.



Annual General Meeting

Notice was given that the annual general meeting of the shareholders of Primeserv will be held at Protea Hotel Wanderers, Corner of Corlett Drive and Rudd Road, Johannesburg at 09:30 on Friday, 17 November 2017 to transact the business of the meeting as set out in the Notice of Annual General Meeting which is contained in the Integrated Annual Report.



The record date on which shareholders must be registered as such in the Company?s securities register determining which shareholders are entitled to attend and vote at the annual general meeting is Friday, 10 November 2017. The Company?s Integrated Annual Report will also be made available on its website www.primeserv.co.za.
23-Jun-2017
(C)
Revenue for the year rose to R642.1 million (2016: R572.4 million). Operating profit increased to R21.6 million (2016: R14.5 million). Profit and total comprehensive income attributable to ordinary shareholders of the company was higher at R16.0 million (2016: R12.9 million). Furthermore, headline earnings per share were 17.77 cents per share (2016: 13.86 cents per share).



Dividend

Notice is hereby given that a final gross cash dividend of 2.00 cents per share (2016: 1.35 cents per share) for the year ended 31 March 2017 was declared on Friday, 23 June 2017, payable to shareholders recorded in the share register of the company at the close of business on the record date.



22-Jun-2017
(Official Notice)
Further to the Trading Statement published on 05 May 2017, Primeserv advised that management?s review of the financial results expected for the twelve months ended 31 March 2017 has indicated that Primeserv will reflect earnings per share and headline earnings per share of 17.77 cents per share and 17.77 cents per share, in comparison to earnings per share and headline earnings per share of 13.86 cents for the 12 months ended 31 March 2016, representing an increase of 28%. The Trading Statement of 05 May 2017 indicated a range of between 16.75 cents per share and 17.75 cents per share.



The financial results of the company will be published on or about Friday, 23 June 2017.
05-May-2017
(Official Notice)
Primeserv advised that management?s review of the financial results expected for the 12 months ended 31 March 2017 has indicated that Primeserv will reflect earnings per share and headline earnings per share of between 16.75 cents per share and 17.75 cents per share, in comparison to earnings per share and headline earnings per share of 13.86 cents for the 12 months ended 31 March 2016, representing an increase of between 21% and 28%.



The financial results of the company will be published on or about Friday, 23 June 2017.
22-Nov-2016
(C)
Revenue increased to R297.3 million (R287.6 million) and gross profit was lower at R47.5 million (R50.9 million). Operating profit came in higher at R9.8 million (R8.3 million). Total comprehensive income attributable to ordinary shareholders rose to R7 million (R6 million). In addition, headline earnings per share came in at 7.78cps (6.44cps).



Dividend

No interim dividend is proposed for the period under review. The final dividend in respect of the financial year ended 31 March 2016 was paid to shareholders on 15 August 2016.



Outlook

The South African economy remains under pressure and growth prospects in many of the sectors serviced by the Group continue to be weak. Nevertheless, the Group is targeting both organic and acquisitive opportunities in line with its well-developed national business support services capability.
18-Nov-2016
(Official Notice)
Primeserv is pleased to inform its shareholders that, at the annual general meeting held today, 18 November 2016, all the proposed ordinary and special resolutions were passed by the requisite majority of shareholders present and voting, in person or by proxy.



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

*total number of issued ordinary shares: 132 062 743

*total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 90 063 704

*total number of issued ordinary shares which were present/represented at the annual general meeting: 59 250 427 being 65.79% of the Total Votable Ordinary Shares.



16-Nov-2016
(Official Notice)
Primeserv accordingly advises that management?s review of the financial results expected for the 6 months ended 30 September 2016 has indicated that Primeserv will reflect earnings per share and headline earnings per share of between 7.73 cents per share and 7.92 cents per share, in comparison to earnings per share and headline earnings per share of 6.44 cents for the 6 months ended 30 September 2015, representing an increase of between 20% and 23%. The financial results on which this trading statement has been based have not been reviewed or reported on by the company?s auditors. The financial results of the company will be published on or before Monday, 21 November 2016.

04-Nov-2016
(Official Notice)
Primeserv announced that it has entered into an agreement to acquire certain contracts and rights from the Cozens Group, comprising Cozens Recruitment Services (Pty) Ltd. and Cozens Manamela - Associates (Pty) Ltd.. The transaction is below the categorisation thresholds in terms of section 9 of the JSE Listings Requirements.



Shareholders are advised that as the transaction has been concluded, caution is no longer required to be exercised by shareholders when dealing in the company?s securities.
30-Sep-2016
(Official Notice)
Shareholders are advised that the Company?s Integrated Annual Report, was posted to shareholders today, 30 September 2016 and contains no changes to the reviewed financial results which were announced on SENS on Monday, 27 June 2016. The annual financial statements were audited by the Company?s auditors, Baker Tilly SVG and their unmodified report is available for inspection at the Company`s registered office. The Company?s Full Integrated Annual Report incorporating the audited Financial Statements for the year ended 31 March 2016 will also be made available on its website www.primeserv.co.za.



Notice is hereby given that the annual general meeting of the shareholders of Primeserv will be held at Protea Hotel Wanderers, corner of Corlett Drive and Rudd Road, Johannesburg at 09:30 on Friday, 18 November 2015, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.



Record dates

The posting record date, being the date to be recorded in the register to be eligible to receive the notice of annual general meeting is Friday, 23 September 2016. The record date on which shareholders of the company must be registered as such in the Companies? Securities register, which date was set by the Board of the Company determining which shareholders are entitled to attend and vote at the annual general meeting is Friday, 11 November 2016. Accordingly the last day to trade in order to be able to attend and vote at the annual general meeting is Tuesday, 8 November 2016. Proxies must be lodged at or posted to the Company or the Company?s transfer secretaries to be received not later than 09:30 on Wednesday, 16 November 2016.



30-Sep-2016
(Official Notice)
Shareholders are advised that the company?s Summarised Annual Financial Statements, were posted to shareholders today, 30 September 2016 and contains no changes to the reviewed financial results which were announced on SENS on Monday, 27 June 2016. The annual financial statements were audited by the company?s auditors, Baker Tilly SVG and their unmodified report is available for inspection at the company`s registered office. The company?s Full Integrated Annual Report incorporating the audited Financial Statements for the year ended 31 March 2016 will also be made available on its website www.primeserv.co.za.



Notice is hereby given that the annual general meeting of the shareholders of Primeserv will be held at Protea Hotel Wanderers, corner of Corlett Drive and Rudd Road, Johannesburg at 09:30 on Friday, 18 November 2015, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.



Record dates

The posting record date, being the date to be recorded in the register to be eligible to receive the notice of annual general meeting is Friday, 23 September 2016. The record date on which shareholders of the company must be registered as such in the Companies? Securities register, which date was set by the board of the company determining which shareholders are entitled to attend and vote at the annual general meeting is Friday, 11 November 2016. Accordingly the last day to trade in order to be able to attend and vote at the annual general meeting is Tuesday, 8 November 2016.



Proxies must be lodged at or posted to the company or the company?s transfer secretaries to be received not later than 09:30 on Wednesday, 16 November 2016.





29-Sep-2016
(Official Notice)
Further to the cautionary announcement released on SENS on 18 August 2016, shareholders are advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.





18-Aug-2016
(Official Notice)
Shareholders are advised that the company has entered into negotiations which 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.
12-Aug-2016
(Official Notice)
Shareholders are advised that Grindrod Bank Ltd. has been appointed as the company?s sponsor in accordance with the Listings Requirements of the JSE Ltd. with effect from 12 August 2016.





11-Aug-2016
(Official Notice)
Shareholders are advised that the board has resolved to terminate its appointment of Deloitte - Touche Sponsor Services (Pty) Ltd as sponsor to the company with effect from 10 August 2016.



An announcement concerning the replacement sponsor will be made immediately upon their notification of acceptance of appointment.



27-Jun-2016
(C)
Revenue for the year dropped to R572.4 million (2015: R651.0 million). EBITDA improved to R16.2 million (2015: R13.7 million). Operating profit increased to R14.5 million (2015: R11.6 million). Net profit attributable to shareholders was recorded at R12.9 million (2015: R11.9 million). Furthermore, headline earnings per share increased to 13.86 cents per share (2015: 12.73 cents per share).



Dividend

Notice is hereby given that a final gross cash dividend of 1.35 cents per share (2015: 1 cent per share) for the year ended 31 March 2016 was declared on Monday, 27 June 2016.



Outlook

The South African economic outlook is weak. Growth prospects in many of the industries serviced by the group are under pressure. Consequently, employment opportunities remain depressed. Nevertheless, the group is optimistic regarding its growth prospects. Primeserv's emphasis on a market centric approach that delivers customised services for clients through its national infrastructure, in ways that meet their constantly changing human capital and productivity requirements, positions it to benefit from improved trading conditions. The group, as referred to earlier, is seeking acquisitions and exploring other opportunities that will enable it to leverage its inherent scalability whilst also diversifying its revenue base.
21-Apr-2016
(Official Notice)
Shareholders are advised that Mr Desmond Seaton has resigned from the Board with effect from today, 21 April 2016 in order to focus on his role as the Group Legal and Risk Officer.



31-Mar-2016
(Official Notice)
Shareholders are advised that the board has appointed Ms Cleopatra Ntshingila (nee Shiceka) to the office of Chairman of the Board with effect from today, 31 March 2016. Ms Ntshingila is an independent non-executive director since August 2009.



Mr M Abel steps down from the position of acting chairman with immediate effect.
11-Jan-2016
(Official Notice)
Primeserv informed its shareholders that all the ordinary and special resolutions proposed in the notice of the General Meeting dated 7 December 2015 and tabled at the Company?s General Meeting held on Monday, 11 January 2016, were passed by the requisite majority of votes cast by shareholders.
07-Dec-2015
(Official Notice)
25-Nov-2015
(C)
Revenue decreased to R287.6 million (R329.2 million) and gross profit was higher at R50.9 million (R47.9 million). EBITDA increased to R9.4 million (R6.5 million), while operating profit came in at R8.3 million (R5.2 million). Total comprehensive income attributable to ordinary shareholders rose to R6.0 million (R4.0 million). In addition, headline earnings per share came in at 6.44cps (4.29cps).



Dividend

No interim dividend is proposed for the period under review. The final dividend in respect of the financial year ended 31 March 2015 was paid to shareholders on 12 October 2015.



Outlook and Prospects

Given the economic conditions facing South Africa, particularly affected by the current drought, weakened Rand, depressed commodities cycle, electricity and water supply constraints, and compounded by onerous labour regulations, we anticipate the difficult trading environment to continue for some time.



Despite these challenges, there remain opportunities. The Group' s proactive and innovative approach to developing new and fully legislatively compliant "TES" services for its clients that meet their constantly changing staffing and productivity requirements whilst effectively managing inherent risks, positions Primeserv to deliver positive growth. The Group is also currently considering a number of acquisitive opportunities that form part of its strategy to scale up the business and to diversify its revenue streams across the business support services environment.
20-Nov-2015
(Official Notice)
Primeserv inform its shareholders that all the ordinary and special resolutions proposed in the notice of the AGM dated 25 September 2015 and tabled at the company?s AGM held on Friday 20 November 2015, were passed by the requisite majority of votes cast by shareholders.



The voting results in regard to each proposed resolution, as required in terms of section 3.91 of the JSE Listings Requirements, were as follows:

Total number of shares entitled to vote was 92 749 276 ordinary shares. Total number of shares voted, in person or by proxy, was 43 926 359, which represented 47.36% of the total shares entitled to vote.

17-Nov-2015
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as they become aware that the financial results for the period to be reported upon next may differ by at least 20% from the financial results for the previous corresponding period.



Primeserv accordingly advises that management?s review of the financial results expected for the 6 months ended 30 September 2015 has indicated that Primeserv will reflect earnings per share and headline earnings per share of between 6.22 cents per share and 6.65 cents per share, in comparison to earnings per share and headline earnings per share of 4.29 cents for the 6 months ended 30 September 2014, representing an increase of between 45% and 55%.



The financial results on which this trading statement has been based have not been reviewed or reported on by the company?s auditors. The financial results of the company will be published on or about Friday, 20 November 2015.
29-Sep-2015
(Official Notice)
Shareholders are advised that the Company?s Summarised Annual Financial Statements, were posted to shareholders today, 29 September 2015 and contains no changes to the reviewed financial results which were announced on SENS on Friday, 26 June 2015. The annual financial statements were audited by the Company?s auditors, Baker Tilly SVG and their unmodified report is available for inspection at the Company`s registered office. The Company?s Full Integrated Annual Report incorporating the audited Financial Statements for the year ended 31 March 2015 will also be made available on its website www.primeserv.co.za.



Notice is hereby given that the annual general meeting of the shareholders of Primeserv will be held at Protea Hotel Wanderers, corner of Corlett Drive and Rudd Road, Johannesburg at 09:00 on Friday, 20 November 2015, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.



Record dates

The posting record date, being the date to be recorded in the register to be eligible to receive the notice of annual general meeting is Friday, 25 September 2015. The record date on which shareholders of the company must be registered as such in the Companies? Securities register, which date was set by the Board of the Company determining which shareholders are entitled to attend and vote at the annual general meeting is Friday, 13 November 2015. Accordingly the last day to trade in order to be able to attend and vote at the annual general meeting is Friday, 6 November 2015.



Proxies must be lodged at or posted to the Company or the Company?s transfer secretaries to be received not later than 09:00 on Wednesday, 18 November 2015.

26-Jun-2015
(C)
Revenue increased to R651.0 million (2014: R638.8 million). EBITDA declined to R13.7 million (2014: R14.5 million), while operating profit for the year decreased to R11.6 million (R12.6 million). Net profit attributable to ordinary shareholders was recorded at R11.9 million (2014: R6.1 million) and headline earnings per share from continuing operations came in at 12.73cps (2014: 8.65cps).



Dividend

Notice is hereby given that a final gross cash dividend of 1 cent per share (2014: 0 cents per share) for the year ended 31 March 2015 was declared on Friday, 26 June 2015.



Outlook

The outlook for economic growth in South Africa remains weak. Industrial action and high unemployment levels continue to be of concern. Nevertheless, Primeserv continues to pursue further growth opportunities, both in regard to scaling up its existing operations by virtue of organic growth and acquisition, as well as through its diversification into other areas of synergistic business.
23-Jun-2015
(Official Notice)
Primeserv accordingly advises that management?s review of the financial results expected for the 12 months ended 31 March 2015 has indicated that Primeserv will reflect earnings per share and headline earnings per share of between 12.00 cents per share and 12.75 cents per share, in comparison to earnings per share and headline earnings per share of 6.51 cents for the 12 months ended 31 March 2014, representing an increase of between 84% and 96%.



The financial results on which this trading statement has been based have not been reviewed or reported on by the company?s auditors. The financial results of the company will be published on or about Thursday, 25 June 2015.
27-Mar-2015
(Official Notice)
Shareholders are referred to the announcement of the unaudited interim results for the six months ended 30 September 2014 published on SENS on 25 November 2014, wherein it was advised Professor Saul Klein has decided not to offer himself for re- election as a director and a member of the audit committee due to his international commitments and accordingly the Board is required to fill the ensuing vacancy on the audit committee.



In terms of paragraph 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that Mr JM Judin has stepped down as the independent non- executive chairman with immediate effect and will become the independent non- executive deputy chairman and a member of the audit committee.



Mr M Abel, the Chief Executive Officer, will be the acting chairman until such time as a suitable appointment, who meets the transformation objectives of the Group, has been finalised.
25-Nov-2014
(C)
Revenue increased to R329.2 million (R321.5 million) and gross profit was lower at R47.9 million (R51.4 million). While, EBITDA decreased to R6.5 million (R9.7 million) and operating profit came in at R5.2 million (R8.5 million). Total comprehensive income attributable to ordinary shareholders rose to R4 million (R3.7 million). In addition, headline earnings per share from continuing operations came in at 4.29cps (6.04cps).



Dividend

No interim dividend is proposed for the period under review. The Group will consider the resumption of dividend payments at the close of its next reporting period.



Outlook

The expansion of the Group's national footprint should facilitate growth at existing and new clients. The Group is actively exploring acquisitive opportunities aimed at leveraging the scalability inherent in its operations.

21-Nov-2014
(Official Notice)
Primeserv is pleased to inform its shareholders that all the ordinary and special resolutions proposed in the notice of the AGM dated 26 September 2014 and tabled at the Company's AGM held on Friday 21 November 2014, were passed by the requisite majority of votes cast by shareholders.
30-Sep-2014
(Official Notice)
Shareholders are advised that the Company's Integrated Report, incorporating the audited financial statements for the year ended 31 March 2014, was posted to shareholders today, 30 September 2014 and contains no changes to the reviewed financial results which were announced on SENS on Friday, 20 June 2014 and in the press on Monday, 23 June 2014. The annual financial statements were audited by the Company's auditors, Baker Tilly SVG and their unmodified report is available for inspection at the Company's registered office. The Company's Integrated Report will also be made available on its website www.primeserv.co.za.



Notice is hereby given that the annual general meeting of the shareholders of Primeserv will be held at Protea Hotel Wanderers, corner of Corlett Drive and Rudd Road, Johannesburg at 09:00 on Friday, 21 November 2014, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.



The board of directors of the Company has determined, in accordance with section 59 of the Companies Act, 71 of 2008, as amended, that the record dates for shareholders to be recorded as shareholders in the securities register of the Company in order to:

*be entitled to receive the notice of annual general meeting is - Friday, 19 September 2014, and

*The last date to trade to be entitled to attend, speak and vote at the annual general meeting is - Friday, 7 November 2014.

*be entitled to attend, speak and vote at the annual general meeting is - Friday, 14 November 2014.



Proxies must be lodged at or posted to the Company or the Company's transfer secretaries to be received not later than 09:00 on Wednesday, 19 November 2014.



The results of the annual general meeting will be released on SENS on Friday, 21 November 2014.
20-Jun-2014
(C)
Revenue decreased to R638.8 million (R672.8 million) and gross profit rose to R98.1 million (R90.6 million). Operating profit shot up to R12.6 million (R6.7 million). Total comprehensive income attributable to ordinary shareholders came to R6.1 million (loss of R4.0 million). In addition, headline earnings per share from continuing operations grew to 8.65cps (5.28cps).



Dividend

No final dividend is proposed for the year under review. The Group will consider the resumption of dividend payments at the close of its next reporting period.



Outlook

The outlook for economic growth in South Africa remains weak. Industrial action and high unemployment levels continue to be of concern. Nevertheless, the Group continues to pursue further growth opportunities, both in regard to scaling up its existing operations by virtue of organic growth and acquisition, as well as through its diversification into other areas of synergistic business.
12-Jun-2014
(Official Notice)
Primeserv advises that management's review of the financial results expected for the 12 months ended 31 March 2014 has indicated that Primeserv will reflect earnings per share of between 6.20 cents per share and 6.80 cents per share, in comparison to a loss per share of 4.26 cents for the 12 months ended 31 March 2013, and headline earnings per share of between 6.20 cents per share and 6.80 cents per share for the 12 months ended 31 March 2014 compared to a headline loss per share of 3.05 cents for the 12 months ended 31 March 2013.



The financial results of the company will be published on or about Wednesday, 18 June 2014.
27-Nov-2013
(Official Notice)
The annual general meeting of Primeserv shareholders was held on Wednesday, 27 November 2013. All the ordinary resolutions and special resolutions as set out in the notice of annual general meeting to shareholders, dated 26 September 2013, were approved by the requisite majority of shareholders, except for the following ordinary resolutions:

* ordinary resolution number 5 to place the authorised but unissued share capital under the control of the directors; and

* ordinary resolution number 6 for the general authority for issue of shares for cash.



The special resolutions will be filed and where applicable registered with the Companies and Intellectual Property Commission in due course.
15-Nov-2013
(C)
Revenue decreased to R322.9 million (R359.8 million) and gross profit was lower at R50.1 million (R63.7 million). However, EBITDA rose to R7.7 million (R6.9 million) and operating profit jumped to R6.5 million (R5.5 million). Total comprehensive income attributable to ordinary shareholders fell to R3.7 million (R4.3 million). In addition, headline earnings per share came in at R3.9cps (4.63cps).



Dividend

No interim dividend is proposed for the period under review. The Group will consider the resumption of dividend payments at the close of its next reporting period.



Outlook

Ongoing focus on new sales and other growth and value enhancing opportunities should improve the Group's trading performance.
30-Sep-2013
(Official Notice)
Shareholders are advised that the Company's Integrated Report, incorporating the audited financial statements for the year ended 31 March 2013, was posted to shareholders today, 30 September 2013 and contains no changes to the reviewed financial results which were announced on SENS on Friday, 21 June 2013 and in the press on Monday, 24 June 2013. The annual financial statements were audited by the Company's auditors, Baker Tilly SVG and their unmodified report is available for inspection at the Company's registered office. The Company's Integrated Report will also be made available on its website www.primeserv.co.za.



Notice is hereby given that the annual general meeting of the shareholders of Primeserv will be held at The Side Bar, Killarney County Club, 60 Fifth Street, Lower Houghton, Johannesburg at 9:00 on Wednesday, 27 November 2013, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.



The board of directors of the Company has determined, in accordance with section 59 of the Companies Act, 71 of 2008, as amended, that the record dates for shareholders to be recorded as shareholders in the securities register of the Company in order to:

*be entitled to receive the notice of annual general meeting is Friday, 20 September 2013, and

*be entitled to attend, speak and vote at the annual general meeting is Friday, 22 November 2013.

*The last date to trade to be entitled to attend, speak and vote at the annual general meeting is Friday, 15 November 2013.
21-Jun-2013
(C)
Revenue increased to R654.9 million (2012: R613.1 million). EBITDA declined from R7.1million to R887 000 with an operating loss for the year of R1.3 million compared to profit of R5.6 million. Net loss attributable to ordinary shareholders was recorded at R3.9 million (2012: profit of R7.4 million) and consequently, headline loss per share was at 3.05cps (headline earnings of 7.88cps).



Dividend

No final dividend is proposed for the year under review. The group will consider the resumption of dividend payments at the close of its next reporting period.



Outlook

The improved focus on the group's core business operations, following the disposal of the Colleges business, should enable the Group to continue to optimise working capital management, reduce gearing and to grow its revenue streams. Opportunities to scale up the business and diversify revenue are currently being evaluated.
13-Jun-2013
(Official Notice)
Shareholders were referred to the trading statement released on SENS on 31 May 2013 wherein they were advised that the company anticipated that headline earnings per share ("HEPS") for the year ended 31 March 2013 would be a loss of between 4.18 and 4.99 cents per share, and earnings per share ("EPS") would be a loss of between 4.20 and 4.80 cents per share.



Shareholders were now advised that the company is reasonably certain that its HEPS for the year ended 31 March 2013 will be a loss of between 2.95 and 3.50 cents per share. The EPS range remains the same.



The company's results will be released on or about 18 June 2013.
31-May-2013
(Official Notice)
Primeserv accordingly advises that management's review of the financial results expected for the year ended 31 March 2013 has indicated that, taking into account the loss from discontinued operations at its Colleges Division disposed of subsequent to the financial year end, Primeserv will make a net loss per share of between 4.2 cents and 4.8 cents per share for the period in comparison to the financial results for the 12 months ended 31 March 2012 when Primeserv reflected earnings per share of 7.88 cents.



The continuing operations of Primeserv remain profitable. Headline earnings per share will reflect a net loss per share of between 4.18 cents and 4.99 cents per share for the period in comparison to the financial results for the 12 months ended 31 March 2012 when Primeserv reflected headline earnings per share of 7.88 cents per share.



The financial results on which this trading statement has been based have not been reviewed or reported on by the company?s auditors. The financial results of the company will be published on or about 18 June 2013.
30-May-2013
(Official Notice)
Shareholders were advised that Primeserv has entered into an agreement with Ultimate Income Investments 107 (Pty) Ltd. ("Ultimate") for the disposal of all of its shares held in Stanford (hereinafter referred to as the "disposal transaction").



Rationale

As previously advised, Primeserv has implemented a decision to discontinue its non-core Colleges Business and in accordance with this decision has pursued a number of avenues to dispose of the business and avoid the concomitant closure costs.



The outcome of negotiations with several interested parties has resulted in the disposal transaction.



Terms of the disposal transaction

* Primeserv sells to Ultimate the 100 shares which it holds in the share capital of Stanford for a purchase consideration of R1.00.

*The value of certain assets, including the effective date debtors, are excluded from the transaction and will be paid to Primeserv upon realisation, subject to a maximum amount of R9.5 million. From a JSE Ltd. categorisation perspective, this amount is required to be included as part of the purchase proceeds in determining the category of the transaction, which equates to a Category 2 transaction in terms of the JSE Listings Requirements.

*The agreement was signed on 29 May 2013, with the effective date of the disposal transaction specified in the agreement as 1 May 2013.

*All cash proceeds received in terms of the disposal transaction will be invested in the group's existing banking facilities.

*There are no outstanding conditions precedent to the disposal transaction.



Pro forma financial information

Before and After the disposal transaction

*Earnings per share (cents) -- 4.63; 5.56

*Headline earnings per share (cents) -- 4.63; 5.56

*Net asset value ("NAV") per share (cents) -- 84; 85

*Net tangible asset value ("NTAV") per share (cents) -- 54; 55

*Number of shares in issue (000's) -- 93 682; 93 682

*Weighted average number of shares in issue (000's) -- 93 682; 93 682
30-Apr-2013
(Official Notice)
Shareholders were referred to the circular to shareholders dated 2 April 2013 relating to the approval of Primeserv's new Memorandum of Incorporation ("circular"). Shareholders are advised that at the general meeting held at the registered office of the company, all of the proposed resolutions set out in the notice of general meeting included in the circular, were approved by the requisite majority of shareholders. The special resolution will be lodged with the Companies Intellectual Property Commission for filing or registration, where applicable.
02-Apr-2013
(Official Notice)
Shareholders are advised that a circular containing details to replace the current Memorandum and Articles of Association of the Company with a new Memorandum of Incorporation ("MOI") including, inter alia, a notice convening a general meeting, was posted on 2 April 2013. The general meeting is to be held at the Boardroom, Primeserv Group Ltd., Ground Floor, Venture House, Peter Place Park, 54 Peter Place, Bryanston at 9:00 on Tuesday, 30 April 2013, to consider and, if deemed fit, to pass, with or without modification, the special resolution and the ordinary resolution to replace the current Memorandum and Articles of Association of the Company with a new MOI which complies with the requirements of the Companies Act 71 of 2008 and the JSE Listings Requirements.



The salient dates and times in relation to the general meeting are as follows:

* Record date to be entitled to receive the circular and notice of the general meeting on Friday, 22 March

* Circular posted to Primeserv shareholders on Tuesday, 2 April

* Last day to trade to be eligible to vote at the general meeting on Friday, 12 April

* Record date for the general meeting on Friday, 19 April

* Last day to lodge forms of proxy for the general meeting by 9:00 Friday, 26 April

* General meeting of shareholders to be held at 9:00 on Tuesday, 30 April

* Results of general meeting released on SENS on Tuesday, 30 April

* Anticipated CIPC registration of special resolution by this date on Friday, 14 June.
29-Nov-2012
(C)
Revenue for the interim period increased to R340.4 million (2011: R307.4 million). Gross profit rose to R61.2 million (2011: R56.2 million), but EBITDA lowered to R6.4 million (2011: R6.7 million), while operating profit fell to R5 million (2011: R5.4 million). Furthermore, total comprehensive income attributable to ordinary shareholders of the company was slightly higher at R4.3 million (2011: R4.2 million), and headline earnings per share from continuing operations grew to 5.56cps (2011: 4.47cps).



Dividend

No dividend has been proposed for the period under review. The resumption of dividend payments will be assessed at the conclusion of each reporting period.



Outlook

Operationally, the Group continues to focus on managing its costs and working capital, implementing its reorganisation plan, driving efficiencies and delivering an integrated HR value offering to its clients. Strategically, the Group is actively working to increase the realisable value creation opportunities inherent in its operating subsidiaries.
22-Nov-2012
(Official Notice)
The annual general meeting of Primeserv shareholders was held on Thursday, 22 November 2012. All the ordinary resolutions and special resolution, other than the following resolutions:

* ordinary resolution number 6 to place the authorised but unissued share capital under the control of the directors;

* ordinary resolution number 7 for the general authority on issue of shares;

* special resolution number 1 for the general authority to repurchase shares; and

* special resolution number 2 to confirm the non- executive directors' remuneration,

as set out in the notice of annual general meeting to shareholders, dated 26 September 2012, were approved by the requisite majority of shareholders.



The special resolution will be filed with the Companies and Intellectual Property Commission in due course.
14-Nov-2012
(Official Notice)
Shareholders were referred to the no change statement and notice of annual general meeting announcement released on SENS on 28 September 2012 where it was advised that the company's Integrated Report, incorporating the audited financial statements for the year ended 31 March 2012, was posted to shareholders on 28 September 2012 and containing the notice of the annual general meeting of Primeserv shareholders to be held at Primeserv Training, 1st Floor, Hanover Square, Building B, Corner Hendrik Potgieter and 7th Avenue, Edenvale at 09h00 on Thursday, 22 November 2012, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.



Shareholders are advised that the Record Dates section of the notice of annual general meeting contained an error and is therefore amended as follows:



The record dates for shareholders to be recorded as shareholders in the securities register of the company in order to:

*be entitled to receive the notice of annual general meeting was Friday, 21 September 2012, and

*be entitled to attend, speak and vote at the annual general meeting is Friday, 16 November 2012.



The last date to trade to be entitled to attend, speak and vote at the annual general meeting is Friday, 9 November 2012.
28-Sep-2012
(Official Notice)
Shareholders are advised that the company's Integrated Report, incorporating the audited financial statements for the year ended 31 March 2012, was posted to shareholders today, 28 September 2012 and contains no changes to the audited financial results which were announced on SENS on 29 June 2012 and in the press on 2 July 2012. The annual financial statements were audited by the company's auditors, Charles Orbach - Company and their unmodified report is available for inspection at the company's registered office. The company's Integrated Report will also be made available on its website www.primeserv.co.za.



Notice is given that the annual general meeting of Primeserv shareholders will be held at Primeserv Training, 1st Floor, Hanover Square, Building B, Corner Hendrik Potgieter and 7th Avenue, Edenvale at 09:h00 on Thursday, 22 November 2012, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.
29-Jun-2012
(C)
Revenue fell to R613.1 million (2011: R665.3 million). EBITDA declined from R11.4 million to R7.0 million with an operating profit for the year of R5.6 million compared to R8.8 million. Net income attributable to ordinary shareholders decreased to R7.4 million (2011: R8.2 million) and consequently, headline earnings per share fell from 8.05cps to 7.88cps.



Outlook

As part of its response to the regulatory issues facing its TES businesses, the group made investments in new products and services allied to its existing product and service range. This expenditure related to additional office infrastructure, improved technology, new course material and the employment of more personnel so as to provide increased capacity and capability in anticipation of future requirements. These costs will affect short-term earnings, particularly in the first half of the current year.



Volume growth within existing operations and the continual review of operating expenditure to achieve optimal efficiencies remain group imperatives. The introduction of new products and services in the spheres of business process outsourcing and permanent recruitment has been undertaken.



The group remains focussed on further developing its marketing and sales capability. All of these, taken together, are intended to enhance profitable sustainability for the group. Nevertheless, the prevailing business and operating environment dictates that the group's performance outlook remains conservative.
28-Jun-2012
(Official Notice)
The company advised that it has discovered an error in its accounting records which require a prior year adjustment to its results. The adjustment in relation to results for the 15 month period ended 31 March 2011 is a reduction in profit after tax in the amount of R1.1 million. The adjustment gives rise to a reduction of earnings per share and headline earnings per share to 8.05 and 7.97 cents per share respectively. As a further result of the above, Primeserv shareholders are advised that Primeserv's headline and basic earnings per share for the twelve month period ended 31 March 2012 will be between 12% and 15% below the headline and basic earnings per share for the prior 15 month reported period ended 31 March 2011. Primeserv's headline and basic earnings per share for the twelve months ended 31 March 2012 will be between 1% and 4% below the restated headline and basic earnings per share for the 15 months ended 31 March 2011. The company anticipates that its results for the financial year ended 31 March 2012 will be released on SENS by no later than 29 June 2012.
29-Nov-2011
(C)
Primeserv has changed its year end to March and therefore these are interim results for the period ending September. Revenue was R307.4 million (June 2010: R256.2 million). Gross profit amounted to R57.8 million (June 2010: R46.7 million) and EBITDA came in at R8.4 million (R6.5 million). Net profit attributable to shareholders was R5.3 million (June 2010: R3.8 million). In addition, headline earnings per share of 5.55c (June 2010: 3.58cps).



Dividend

An interim ordinary dividend of 0.5cps has been declared.



Prospects

The group strategy is that of an investment holding company in the services industry, and whilst it focuses on organically and acquisitively growing its existing staffing, skills development and HR consulting operations so as to broaden its service and product offerings, it is also actively seeking to diversify its revenue streams through a series of corporate activities. This strategy is aimed at enhancing the sustainability of the group. Volume growth within existing operations and the continual review of operating expenditure to obtain optimal efficiencies remains a group imperative. The group has also invested in a number of new programmes, particularly in the sphere of business process outsourcing, as well as having developed new resources that will deliver added value to clients and staff. An extensive and revitalised investment in marketing and sales is also being implemented. All of these, taken together, are intended to deliver improved top-line growth and increased profitability across all sectors of the group. Nevertheless, economic uncertainty, and the reluctance by many businesses to expand their own operations, render the group's own view of its performance for the full year as being cautiously optimistic.
23-Nov-2011
(Official Notice)
The annual general meeting of Primeserv shareholders was held on Wednesday, 23 November 2011. All the ordinary resolutions other than resolution number 6 to place the authorised but unissued share capital under the control of the directors; and resolution number 7 the general authority on issue of shares and special resolutions as set out in the notice of annual general meeting to shareholders, dated 21 September 2011, were approved by the requisite majority of shareholders. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
29-Sep-2011
(Official Notice)
The integrated annual report containing the audited financial statements for the company for the fifteen months ended 31 March 2011 has been dispatched to shareholders on Thursday, 29 September 2011. There has been no change from the reviewed results for the fifteen months ended 31 March 2011, released on SENS on 29 June 2011. Notice is hereby given that the eleventh annual general meeting of Primeserv shareholders will be held at The Boundary Room, Wanderers Club, 21 North Street, Illovo at 9:00 on Wednesday, 23 November 2011 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report. The full integrated annual report is available for download from Primeserv's website www.primeserv.co.za.
26-Sep-2011
(Official Notice)
Primeserv advised that management's review of the financial results expected for the six months ending 30 September 2011 has indicated that Primeserv will show an improvement in headline earnings per share to between 4.83 cents per share and 5.55 cents per share (35% to 55%), and an improvement in earnings per share to between 4.83 cents per share and 5.55 cents per share (35% to 55%) for the six months ending 30 September 2011 compared to the six months ended 30 June 2010. The financial results of the company will be published on or about Thursday, 15 December 2011.
10-Aug-2011
(Official Notice)
Shareholders are referred to the cautionary announcement dated Friday, 20 May 2011 and renewed on Wednesday, 29 June 2011 where they were advised that the company had entered into discussions which, if successfully concluded, may have a material effect on the price of the company's securities. Shareholders are hereby advised that discussions have been terminated by Primeserv and caution is no longer required to be exercised when dealing in the company's securities.
29-Jun-2011
(C)
Sales revenue for the 15 months was R665.3 million realising a gross profit of R122.3 million. EBITDA was recorded at R13 million, while operating profit was at R10.4 million. The company reported a net profit attributable to shareholders of R9.3 million and headline earnings per share was recorded at 9.08cps. The economic environment for the fifteen months to 31 March 2011 continued to be challenging. Both business and consumer confidence remained under pressure. This situation was further exacerbated by the persistent debate relating to the Temporary Employment Services ("TES") industry. The resulting uncertainty affected the group's operations with businesses curtailing expenditure relating to skills development, training and employment. Notwithstanding this, the group's overall results were encouraging and it is well positioned for an anticipated economic upturn.



Dividend

Notice is hereby given that Primeserv has declared a final dividend for the 15 months ended 31 March 2011 of 2.50cps.



Prospects

Primeserv's strategy is that of an investment holding company in the services industry, and whilst the group focuses on organically and acquisitively developing its existing staffing, skills development and HR consulting operations so as to broaden its service and product offerings, it is also actively seeking to diversify its revenue streams through a series of corporate activities. This strategy is aimed at enhancing the ongoing sustainability and growth of the group. The pace of the country's economic recovery is expected to remain constrained in the short term. The group is cautiously optimistic regarding performance in the year ahead. This general forecast has not been reviewed nor reported on by the company's auditors.



Further cautionary announcement

Further to the cautionary announcement released on SENS on 20 May 2011 and published in the press on 23 May 2011, shareholders are advised that negotiations remain in progress which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.

20-May-2011
(Official Notice)
Shareholders were advised that negotiations are in progress 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.
28-Mar-2011
(Official Notice)
Further to the cautionary announcement dated 2 March 2011, Primeserv shareholders are advised that Primeserv Staff Dynamix (Pty) Ltd, a subsidiary of Primeserv, has entered into an agreement requiring the payment of compensation arising out of the termination of service agreements for the provision of temporary employment services with customers of the vendors and the conclusion of such contracts with Primeserv ("the transaction"). The vendors, who conduct a business known as "HRS", are Zambli 224 (Pty) Ltd and Yamani Trading 1009 (Pty) Ltd. The maximum total cash consideration payable to the vendors is an amount of R5 500 000. The consideration payable is based upon future sales to customers in terms of the contracts referred to above.



Consideration of funding

The consideration is payable monthly upon receipt of payment from customers. The consideration will be funded from cash flows generated by the new business and Primeserv's internal resources.



Conditions

There are no outstanding conditions in relation to the transaction. The transaction is classified as a Category 2 transaction in terms of the JSE Listings Requirements and does not need shareholder approval.



Warrenties, terms and conditions

The transaction is subject to warranties by the vendors in regard to liabilities for services supplied by the vendors prior to the date of commencement of supply by Primeserv. The principal of the vendors has entered into a restraint undertaking in terms whereof she is restrained from competition with Primeserv for a period of five years.



Effective date

The effective date of the transaction is 1 May 2011.



Withdrawal of cautionary

Shareholders are advised that the cautionary announcement dated 2 March 2011 is withdrawn and that they no longer need to exercise caution when dealing in their Primeserv securities.
25-Mar-2011
(Permanent)
Primeserve changed its financial year-end from the end of December to the end of March to better align the financial reporting with its underlying trading and operating activities.
25-Mar-2011
(C)
Revenue for the 12 months ended 31 December 2010 increased to R529 million (R523.5 million) and earnings before interest, tax, depreciation and amortisation (EBITDA) fell to R11.5 million (R19.1 million). Operating profit dropped to R9.6 million (R17.5 million), while total comprehensive income attributable to ordinary shareholders of the company nose-dived to R7.2 million (R11.5 million).



Dividend

Further to the change of year-end the company has not declared a second interim dividend but will consider a final dividend in respect of the fifteen month financial period ending 31 March 2011.



Outlook

The group strategy is that of an investment holding company in the services industry, however, it will now be seeking to diversify its revenue streams through a series of corporate activities alongside its existing staffing, skills development and HR consulting operations. This strategy is expected to enhance the future sustainability of the group, and the funding thereof will result in an increase in the group's overall level of gearing. The group will continue to seek further acquisitions within its existing spheres of activity so as to expand its value offering to clients. The pace of the country's economic recovery remains uncertain and therefore it is anticipated that trading conditions will be restrictive and somewhat volatile. The group remains cautiously optimistic regarding performance in the year ahead.



Change of year-end

The group has changed its financial year from the end of December to the end of March to better align the financial reporting with its underlying trading and operating activities. Consequently the group will be reporting audited results for the fifteen months ending 31 March 2011.
18-Mar-2011
(Official Notice)
Management's review of the financial results expected for the 12 months ended 31 December 2010 has indicated that Primeserv will show a decline in headline earnings per share of between 25% and 35%, and a decline in earnings per share of between 25% and 35% for the 12 months ended 31 December 2010 compared to the 12 months ended 31 December 2009. The financial results of the company will be published on or before Friday, 25 March 2011.
02-Mar-2011
(Official Notice)
Shareholders are advised that negotiations are in progress 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.
26 Oct 2010 15:20:54
(Official Notice)
Shareholders are advised that the negotiations advised in the cautionary announcement dated Wednesday, 15 September 2010 are currently not proceeding due to a failure by the counter party to deliver information required for the transaction to proceed. The transaction contemplated is accordingly regarded by the board of the company as being in abeyance and shareholders no longer need to exercise caution when dealing in Primeserv securities. Shareholders will be advised should this situation change.
15 Sep 2010 16:13:23
(Official Notice)
Shareholders are advised that negotiations are in progress which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.

19 Aug 2010 17:57:16
(C)
Revenue for the period improved slightly to R256 million (2009: R255 million), while EBITDA declined to R6.5 million (2009: R7.4 million). Operating profit fell to R5.6 million (2009: R6.6 million), net profit attributable to ordinary equity holders of the company dropped to R3.8 million (2009: R4.8 million), furthermore, the company reported a decreased headline earnings per share of 3.58cps (2009: 4.32cps).



Dividend

An interim dividend of 0.50 cents per ordinary share was declared in this period.



Outlook

Renewed concerns over a slower than expected economic recovery could impact negatively on the group, particularly given its dependence on a resumption of hiring and training of personnel in the industrial and commercial sectors in which it operates. Albeit that the group's results for the year remain under pressure, the board believes that Primeserv has an appropriate sustainability strategy and that the group remains well placed to benefit from an economic upturn. The group continues to seek out strategic acquisitive opportunities that will expand the group's value platform.
02 Jul 2010 11:49:31
(Official Notice)
The annual general meeting of Primeserv shareholders was held on Friday, 2 July 2010. All the ordinary resolutions and the special resolution as set out in the notice of annual general meeting to shareholders, dated 12 March 2010, were approved by the requisite majority of shareholders.
10 Jun 2010 15:07:36
(Official Notice)
Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2009, was posted to shareholders on Thursday, 10 June 2010 and contains no changes to the audited financial results which were announced on SENS and in the press on Monday, 15 March 2010. The annual financial statements were audited by the company's auditors, PKF (Jhb) Inc. and their report is available for inspection at the company's registered office.



Notice is hereby given that the annual general meeting of Primeserv shareholders will be held at The Polo Room, Inanda Club, 1 Forrest Road, Inanda, Sandton, at 09:00 on Friday, 2 July 2010, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.
15 Mar 2010 08:20:37
(C)
Revenue decreased from R540 million to R524 million in 2009. Operating profit decreased to R17.5million (2008:R21.8 million). Profit attributable to ordinary shareholders decreased to R11.5 million (2008:R17.5 million). Headline earnings per share fell to 10.51cps (2008:15.41cps).



Dividends per share

A final dividend of 2.5cps was declared for the period under review.



Prospects

The pace of South Africa's economic recovery remains uncertain. It is anticipated that a period of at least 18 months of further restrictive trading conditions will prevail. Consequentially, the group remains cautious in regard to anticipated future results. Group operations remain well placed to benefit when the upturn occurs. The group's low gearing and strong balance sheet, position it well to seek out strategic acquisitive opportunities that will broaden the business base and provide further impetus for growth.
02 Mar 2010 17:53:53
(Official Notice)
Primeserv accordingly advises that management's review of the financial results expected for the 12 months ended 31 December 2009 has indicated that Primeserv will show a decline in headline earnings per share of between 27% and 35%, and a decline in earnings per share of between 27% and 35% for the 12 months ended 31 December 2009 compared to the 12 months ended 31 December 2008. The financial results of the company will be published on or before Wednesday, 10 March 2010.
02 Mar 2010 11:24:15
(Official Notice)
Primeserv accordingly advises that management's review of the financial results expected for the 12 months ended 31 December 2009 has indicated that Primeserv will show a decline in headline earnings per share of between 27% and 35%, and a decline in earnings per share of between 27% and 35% for the 12 months ended 31 December 2009 compared to the 12 months ended 31 December 2008. Consequently these results are expected to be in line with the full year results that were anticipated at the time Primeserv's interim results for the 6 months ended 30 June 2009 were released. The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The financial results of the company will be published on or before Wednesday, 10 March 2010.
21 Aug 2009 17:28:26
(Official Notice)
Shareholders are advised that Ms Cleopatra Shiceka has been appointed as a non-executive director of Primeserv with effect from 21 August 2009.
05 Aug 2009 17:03:22
(Official Notice)
Management's review of the financial results expected for the six months ended 30 June 2009 has indicated that Primeserv will show a decline in headline earnings per share of between 30% and 38%, and a decline in earnings per share of between 30% and 38% for the six months ended 30 June 2009 compared to the six months ended 30 June 2008. The financial results of the company will be published on or before Friday, 14 August 2009.
24 Jul 2009 12:25:32
(Official Notice)
The annual general meeting of Primeserv shareholders was held on Friday, 24 July 2009. All the ordinary resolutions and the special resolution as set out in the notice of annual general meeting to shareholders, dated 19 June 2009, were approved unanimously by the shareholders. The special resolution will be submitted for registration at the Registrar of Companies in due course.
03 Jul 2009 14:49:53
(Official Notice)
Mr Raphael Sack, formerly acting CFO, has been appointed as the financial director of Primeserv with effect from 30 June 2009.
29 Jun 2009 16:05:58
(Official Notice)
Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2008, were posted to shareholders on Monday, 29 June 2009 and contains no changes to the audited financial results which were announced on SENS on Thursday, 19 March 2009 and in the press on Friday, 20 March 2009. The annual financial statements were audited by the company's auditors, PKF (Jhb) Inc and their report is available for inspection at the company's registered office.



The annual general meeting of Primeserv shareholders will be held at 207 Main Avenue, Ferndale, Randburg, at 09:00 on Friday, 24 July 2009, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.
19 Mar 2009 15:55:39
(C)
Revenue increased from R474 197 million to R539 878 million in 2008. Operating profit increased to R21 772 million (2007:R17 912 million). Profit attributable to ordinary shareholders increased to R17 507 million (R13 830 million). Headline earnings on a per share basis grew to 15.41cps (12.06cps).



Dividends per share

A final dividend of 2 cps was declared for the period under review.



Prospects

Given the current economic crisis and the group's exposure to the industrial and mining sectors, as well as the economic pressures being faced by learners registered with the colleges division, difficult trading conditions are anticipated for the present financial year. The group is focused on maintaining its market position, whilst rigorous cost controls that match cost structures with business performance without sacrificing operational capacity and service delivery excellence will be key in the year ahead.
17 Mar 2009 16:11:04
(Official Notice)
Mr Gregory Mons has resigned as the group chief financial officer ("CFO") of the company and as the company secretary with immediate effect. Mr. Raphael Sack, the deputy CFO, has been appointed the acting CFO until further notice. ER Goodman Secretarial Services cc, represented by E Goodman, has been appointed as the company secretary with immediate effect.
18 Feb 2009 08:15:51
(Official Notice)
Primeserv advises that management's review of the financial results expected for the 12 months ended 31 December 2008 has indicated that Primeserv will show an improvement in headline earnings per share of between 20% and 30%, and an increase in earnings per share of between 20% and 30% for the 12 months ended 31 December 2008 compared to the 12 months ended 31 December 2007. The financial results on which this trading statement has been based have not been reviewed or reported on by the company`s auditors. The financial results of the company will be published on or before Wednesday, 18 March 2009.
22 Dec 2008 15:07:45
(Official Notice)
Shareholders are advised that Mr Letepe Maisela has been appointed as a non-executive director with effect from 19 December 2008.
10 Sep 2008 07:46:32
(C)
Consolidated group operations have continued to improve their period-on-period performance with revenue growing by 12% from R215.2 million for the six months ended 30 June 2007 to R241.4 million for the current review period. Group EBITDA increased by 44% from R7.1 million to R10.2 million, whilst operating profit increased by 47% from R6.3 million to R9.2 million. Comparable group operating margin increased from 2.9% to 3.8%. Profit before tax increased by 62% from R5.4 million to R8.8 million, resulting in headline earnings per share increasing by 78% from 3.77 cents per share to 6.71 cents per share. The group is strongly focused on improved working capital management. Net asset value has increased by 29% to 53 cents per share (30 June 2007: 41 cents per share).



Dividends

Primeserv has declared an interim dividend for the six months ended 30 June 2008 of 1 cent per ordinary share.



Prospects

Improved operating results are anticipated for the second half of the year.
09 Sep 2008 14:57:06
(Official Notice)
Shareholders are advised that Mr. R Sack has resigned as company secretary and Mr. GB Mons has been appointed as the new company secretary with effect from 9 September 2008.
26 Aug 2008 07:53:58
(Official Notice)
Primeserv advised that management's review of the financial results expected for the 6 months ended 30 June 2008 has indicated that Primeserv will show an improvement in headline earnings per share of between 70% and 80%, and an increase in earnings per share of between 70% and 80% for the six months ended 30 June 2008 compared to the six months ended 30 June 2007. The financial results of the company will be published on or about Friday, 5 September 2008.
12 Aug 2008 13:16:47
(Official Notice)
The annual general meeting of Primeserv shareholders was held on Tuesday, 12 August 2008. All the ordinary resolutions and the special resolution as set out in the notice of annual general meeting to shareholders, dated 18 June 2008, were approved by the requisite majority of shareholders. The special resolution will be submitted for registration at the Registrar of Companies in due course.
17 Jul 2008 17:04:59
(Official Notice)
Shareholders are advised that Mr Gregory Mons has been appointed as Group CFO with effect from 1 July 2008. Greg joins Primeserv from the Altron/Powertech Group where he was CFO of their Battery Group. Prior to joining the Altron/Powertech Battery Group he was employed in Senior Financial Positions by BOC Afrox and Johnson Matthey PLC. Greg brings a wealth of experience to the Primeserv Group and the Group wishes him well on his appointment.
30 Jun 2008 15:04:12
(Official Notice)
Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2007, were posted to shareholders on 30 June 2008 and contains no changes to the audited financial results which were announced on SENS on Friday, 28 March 2008 and in the press on Monday, 31 March 2008.



Notice is hereby given that the annual general meeting of Primeserv shareholders will be held at 207 Main Avenue, Ferndale, Randburg, at 9:00 on Tuesday, 12 August 2008, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.
25 Apr 2008 17:18:21
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 26 February 2008 and in the press on 27 February 2008 and renewed on SENS on 28 March 2008 and in the press on 31 March 2008. Shareholders are hereby advised that as negotiations have been terminated, they are no longer required to exercise caution when dealing in the company?s securities.

28 Mar 2008 15:26:03
(C)
Group revenue amounted to R474.2 million for the year under review. Group EBITDA came in at from R19.7 million (R6.1 million), whilst operating profit amounted to R17.9 million (R4.3 million). Profit after taxation attributable to ordinary shareholders was recorded at R13.8 million (R5.6 million). This led to headline earnings on a per share basis of 12.06cps (4.8cps).



Dividend

A final ordinary dividend of 1.5cps has been declared.



Prospects

Barring unforeseen or adverse economic conditions during the year, the group anticipates improved operating results.
04 Mar 2008 14:10:23
(Official Notice)
Primeserv accordingly advises that management's review of the financial results expected for the 12 months ended 31 December 2007 has indicated that Primeserv will show an improvement in headline earnings per share of between 180% and 200%, and an increase in earnings per share of between 175% and 195% for the 12 months ended 31 December 2007 compared to the pro forma 12 months ended 31 December 2006. The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The financial results of the company will be published on or about Wednesday, 19 March 2008.
26 Feb 2008 15:34:51
(Official Notice)
Shareholders are advised that Primeserv has entered into negotiations 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 full announcement is made.
31 May 2006 16:23:16
(Official Notice)
Raphael Sack has been appointed as chief financial officer of Primeserv with effect from 1 June 2006.
24 Apr 2006 15:24:15
(Official Notice)
Nelson Nunes Rodrigues has resigned as Chief Financial Officer and Company Secretary, with effect from 25 April 2006 The appointment of the group's new Chief Financial Officer will be announced in due course.
23 Mar 2006 14:59:37
(C)
Due to the adoption of IFRS (with effect from 1 July 2005) the comparative figures for the period ended 31 December 2004 have been restated,



Primeserv recorded an operating profit of R0.3 million compared to a restated operating loss of R2.0 million for the comparable previous period. The group continued to be affected by the loss incurred by the HR Solutions division. Net profit attributable to shareholders of R0.8 million improved by R4.3 million from a restated net loss attributable to shareholders of R3.6 million in the previous period. The group recorded headline earnings of 0.68cps compared to a headline loss of 3.06cps for the previous six months. Primeserv continued to generate positive cash flow of R0.8 million for the period, and R14.6 million since the previous period resulting in a net cash position of R5.7 million versus net borrowings of R8.8 million at 31 December 2004.



Dividend

In line with group policy, dividends will be considered at the end of the financial year.
24 Jan 2006 16:21:37
(Official Notice)
All resolutions were past at the group's annual general meeting held on 24 January 2006. The special resolutions passed would be submitted for registration at the Registrar of Companies in due course.





29 Dec 2005 08:36:34
(Official Notice)
The annual report containing audited financial statements for the company for the year ended 30 June 2005 has been dispatched to shareholders on Thursday, 29 December 2005. There has been no change from the audited results for the year ended 30 June 2005, released on SENS on 5 September 2005.



The annual report contains a notice of annual general meeting for the company, which will be held at 09:00 on Tuesday, 24 January 2006 at Primeserv HR Solutions, 2nd floor, Atrium Terraces, 272 Oak Avenue, Randburg.
09 Dec 2005 14:29:43
(Official Notice)
Shareholders of Primeserv are referred to the cautionary announcement dated 25 November 2005 and are advised that the board of directors of Primeserv is satisfied that the circumstances which led to the issuance of the cautionary announcement no longer apply. Accordingly, shareholders no longer need to exercise caution when trading in their Primeserv shares.
01 Dec 2005 16:04:39
(Official Notice)
Primeserv accordingly advises that management's review of the financial results expected for the six months ending 31 December 2005 has indicated that Primeserv will make a net profit before tax for the period. In the six months ended 31 December 2004, Primeserv made a net loss before tax of R2.5 million. As a result of this, there will be an improvement in headline earnings per share and earnings per share to between 0.57c and 0.68c.
25 Nov 2005 14:56:40
(Official Notice)
Shareholders are advised that the board of directors of Primeserv have become aware of external information, which could have an effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution until a further announcement is made.
05 Sep 2005 17:36:17
(C)
The group recorded a turnaround on the prior financial year, delivering an operating profit of R2.2 million compared to an operating loss of R3.5 million for the previous year. Group revenue including Bathusi Staffing Services (Pty) Ltd was flat at R399.3 million (R397.2 million). As anticipated the group`s results were negatively affected by the loss incurred by the HR Solutions division. However, these losses were substantially reduced in the second half of the financial year. The group`s cashflow was once again strongly positive at R6.1 million, which resulted in net cash resources of R4.9 million, up R6.1 million from R1.2 million in net borrowings in the previous year. Group debtors days improved favourably by 11 days to 25 days (36 days). The group`s balance sheet has strengthened from the prior year. The exceptional items of R1.5 million relate to the settlement of an historical vendor related agreement and the provision for a disputed claim with SARS as previously reported. The group is positively engaged with SARS in resolving the dispute. Net profit attributable to shareholders of R3.1 million improved substantially byR11.6 million from a net loss attributable to shareholders of R8.5 million in the previous year. This translates into the group recording a turnaround from a headline loss of 7.31 cents per share for the prior financial year to headline earnings of 0.26 cents per share for the current year.



Prospects

The group is committed to maximizing organic growth whilst seeking to expand its product and service offerings. Acquisition opportunities that are in line with the group`s strategy will be sought and evaluated. Where appropriate, further BEE initiatives will be considered where this provides the group with increased market opportunities. The group anticipates an improved performance for the year ahead.
09 Jun 2005 17:28:48
(Official Notice)
Primeserv has advised that management`s review of the financial results expected for the year ending 30 June 2005 has indicated that Primeserv will make a net profit before tax for the period. In the year ending 30 June 2004, Primeserv made a net loss before tax of R9.95m. As a result of this, there will be an improvement in headline loss per share to between 2.25c and 2.03c and an improvement in earnings per share to between 0.05c and 0.27c, for the year ended 30 June 2005. The financial results of the company will be published on about 15 September 2005.
03-Aug-2018
(X)
Primeserv Group Ltd. is an investment holding company whose trading activities are conducted through its subsidiary companies housed in two segments. The subsidiaries own and manage HR solutions businesses, skills training centres, corporate and vocational training operations, recruitment and flexible staffing services as well as skills, labour, wage bureau and HR logistics outsourcing operations, situated throughout southern Africa.


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