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08-Nov-2017
(Official Notice)
At the 51st(fifty first) annual general meeting ("AGM") of the shareholders of RCL FOODS held on Wednesday, 8 November 2017, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

29-Sep-2017
(Official Notice)
With regard to the audited results for the year ended June 2017, shareholders are advised that the annual financial statements have been distributed to shareholders on 29 September 2017 and contain no modifications to the audited results which were published on SENS on 29 August 2017.



Notice of the annual general meeting

Notice is hereby given that the 51st annual general meeting of the Company?s shareholders will be held at No 10 The Boulevard, Westway Office Park, Westville, on Wednesday, 8 November 2017 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - 22 September 2017

*Last day to trade in order to be eligible to attend and vote at the annual general meeting - 31 October 2017

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - 3 November 2017

*Forms of proxy for administrative purposes for the annual general meeting to be lodged by 08h30am* - 6 November 2017



Availability of BEE Compliance Report

Shareholders are advised that the latest annual compliance report in terms of Section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, is available on www.rclfoods.com.



20-Sep-2017
(Official Notice)
RCL FOODS confirms that an outbreak of the highly pathogenic H5N8 strain of avian influenza (AI) has recently been detected at the company?s Heuningdal breeder farm in the Western Cape, situated between Malmesbury and Darling, after also having experienced a small outbreak at our Viva breeder farm near Muldersdrift in Gauteng.



The affected sites have been depopulated, and the loss amounts to approximately 5% of the company?s total breeder stock. The cumulative direct costs associated with AI amount to approximately R26m, and the company is evaluating all opportunities to minimise the possible impact of this reduced volume.



AI has been spreading across South Africa, with over 50 reported cases since June 2017. AI is not known to affect humans, so there is no concern from a chicken consumption perspective.



Although containing the spread of the virus is proving difficult in South Africa, RCL FOODS will continue to relentlessly implement the strictest possible biosecurity measures at all sites to safeguard the health of its flocks. RCL FOODS is also working closely with government and other authorities in this regard.
29-Aug-2017
(C)
17-Aug-2017
(Official Notice)
24-Feb-2017
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service on 23 February 2017 in which they were advised, inter alia, that the board of directors had resolved to declare an interim gross cash dividend of 10,0 cents per share to shareholders recorded in the register of the company on 21 April 2017.



Shareholders are now advised that, consequent to the announcement by the Minister of Finance of an increase in the dividend withholding tax (?DWT?) rate from 15% to 20%, in his budget speech of 22 February 2017, the DWT applicable to the gross cash dividend to be paid to shareholders who are not exempt from DWT is 20%.



The net dividend amount is accordingly 8.0 cents per share and not 8.5 cents per share, as previously announced. The remainder of the announcement is unaffected.
23-Feb-2017
(C)
Revenue for the interim period increased to R13.1 billion (2015: R12.9 billion). Operating profit before depreciation, amortisation and impairment (EBITDA) decreased to R900.4 million (2015: R1.2 billion), operating profit lowered to R355.5 million (2015: R761.3 million), while profit for the period attributable to equity holders of the company dropped to R321.7 million (2015: R736.7 million). Furthermore, headline earnings per share dropped at 47.6 cents per share (2015: 86.2 cents per share).



Dividend

The directors have resolved to declare an interim gross cash dividend (number 84) of 10.0 cents per share for the six months ended 31 December 2016 (H1 2016: 15.0 cents).



Prospects

RCL FOODS expects demand, and therefore volumes, to remain constrained. As a result, synergies, overhead savings and production efficiencies will continue to receive substantial focus. The group has a good pipeline of innovations across a number of product categories, designed to drive further market share gains. Within the Sugar business unit, rainfall, industry pricing and import levels remain key drivers of profitability for H2 2017.



The outcome of the chicken industry's crisis remains uncertain, but the group is satisfied that the South African Government is aware of the enormity of the matter, and the group has taken substantial corrective action to safeguard the business. The Hammarsdale downsizing will impact on the Animal Feed and Logistics business units' second half results.



The group remains confident in its strategy and are making steady progress towards our goal of a diversified portfolio, focused on adding higher margin, added value products and categories. This set of results was characterised by significant external pressures.

31-Jan-2017
(Official Notice)
08-Nov-2016
(Official Notice)
At the 50th (fiftieth) annual general meeting (?AGM?) of the shareholders of RCL FOODS held today, 8 November 2016, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

30-Sep-2016
(Official Notice)
With regard to the audited results for the year ended 30 June 2016, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2016 and contain no modifications to the audited results which were published on SENS on 30 August 2016.



Notice of the annual general meeting

Notice is hereby given that the 50th annual general meeting of RCL FOODS shareholders will be held at Westville on 8 November 2016 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial

statements.



Salient dates

The notice of the company?s annual general meeting has been sent to its shareholders who were recorded as such in the company?s securities register on Friday, 23 September 2016 being the notice record date set by the board of the company determining which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 28 October 2016 being the voting record date set by the board of the company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Tuesday, 25 October 2016. Proxy forms must be lodged by no later than 08h30 on Friday, 4 November 2016. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.







27-Sep-2016
(Official Notice)
Shareholders are advised that RCL FOODS? Chicken business unit has initiated steps to mitigate the crisis facing the local poultry industry. The results for the year ended 30 June 2016, published on SENS on 30 August 2016, included commentary on the significant challenges faced by our chicken business, principally as relates to commodity lines in retail competing with dumped imports. The Board and executive of RCL FOODS are evaluating the options available to the company, the immediate objective of which is to reduce the volume of commodity chicken produced.



A process of consultation with all affected employees and relevant unions has been initiated. It is RCL FOODS? intention to engage all affected stakeholders including government, customers, suppliers and staff in the related feed and distribution operations. The imperative is to restore the profitability of our chicken business by limiting production of consequential commodity products and continuing to grow the demand-driven portfolio, largely comprising the foodservice market.



The Board of RCL FOODS is committed to managing this process responsibly, and ensuring that all stakeholders are kept informed and the most viable solution implemented.
30-Aug-2016
(C)
Revenue from continuing operations rose to R25 billion (R23.4 billion). Operating profit decreased to R378.2 million (R1.5 billion). Profit attributable to equity holders was R210.8 million (R848.1 million). Furthermore, headline earnings per share from continuing operations came in at 98.5 cents per share (112.2 cents per share).



Dividend

The directors have resolved to declare a final gross cash dividend of 15 cents per share for the 12 months ended 30 June 2016.



Prospects

RCL FOODS believes that the local poultry industry is in a crisis. As a consequence the Board is forced to relook at all options in evaluating our Chicken busines model. The headwinds of low economic growth, a volatile currency, high commodity input costs and drought impactsare real and understood. However, the strong platform that we are establishing internally for our business will create even bigger and better opportunities for RCL FOODS.
18-Aug-2016
(Official Notice)
Shareholders are advised that RCL FOODS expects that its headline earnings per share from continuing operations (?HEPS?) for the year ended 30 June 2016 will be between 95.0 cents (?15.3%) and 105.0 cents (-6.4%) versus HEPS of 112.2 cents for the corresponding year ended 30 June 2015.



The combined HEPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 95.0 cents (-16.0%) and 105.0 cents (?7.2%) versus combined HEPS of 113.1 cents for the corresponding year ended 30 June 2015.



The earnings per share from continuing operations (?EPS?) for the year ended 30 June 2016 will be between 20.0 cents (?80.5%)and 30.0 cents (?70.7%) versus EPS of 102.4 cents for the corresponding year ended 30 June 2015.



The combined EPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 20.0 cents (?79.7%) and 30.0 cents (-69.6%) versus combined EPS of 98.7 cents for the corresponding year ended 30 June 2015.



24-Mar-2016
(Official Notice)
23-Feb-2016
(C)
19-Feb-2016
(Official Notice)
Shareholders are advised that the group is expecting that its earnings per share ("EPS") for the interim period ended 31 December 2015 will be between 80 cents (+13.3%) and 90 cents (+27.5%) versus the EPS of 70.6 cents for the interim period ended 31 December 2014, while headline earnings per share ("HEPS") will be between 80 cents (+14.3%) and 90 cents (+28.6%) versus the HEPS of 70.0 cents for the interim period ended 31 December 2014.



The earnings for the interim period ended 31 December 2015 include the release of a R163 million provision for uncertain taxation disputes raised in terms of IFRS 3 (Business Combinations) as part of the Foodcorp acquisition. This matter has now been finalised with the South African Revenue Service and consequently the income tax expense for the period has been reduced by R163 million. The release has no cashflow impact. The impact on EPS and HEPS, included in the guidance above, is a positive 18.9 cents.



All business units with the exception of Sugar and Chicken have shown positive growth over the comparable period. The Sugar business unit has been adversely impacted by the worst drought in Southern Africa in many years, whilst the Chicken business unit has experienced an oversupply in the local market that has negatively impacted profitability.



The group?s results for the interim period ended 31 December 2015 are expected to be released on SENS on 23 February 2016.



The financial information on which this trading statement is based has not been reviewed and reported on by the group?s external auditors.



26-Nov-2015
(Official Notice)
At the 49th (forty-ninth) annual general meeting ("AGM") of the shareholders of RCL FOODS held today, 26 November 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
30-Sep-2015
(Official Notice)
With regard to the audited results for the year ended 30 June 2015, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2015 and contain no modifications to the audited results which were published on SENS on 1 September 2015.



Notice of the annual general meeting

Notice is hereby given that the 49th annual general meeting of RCL Foods Ltd. shareholders will be held at Westville on 26 November 2015 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company?s annual general meeting has been sent to its shareholders who were recorded as such in the company?s securities register on Monday, 14 September 2015 (and not Friday, 23 October 2015 as stipulated in the notice of annual general meeting) being the notice record date set by the Board of the company determining which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 20 November 2015 being the voting record date set by the Board of the company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 13 November 2015. Proxy forms must be lodged by no later than 08h30 on Tuesday, 24 November 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
01-Sep-2015
(C)
Revenue from continuing operations jumped to R23.4 billion (R22.4 billion). Operating profit shot up to R1.5 billion (R778.6 million). Profit attributable to equity holders was R848.1 million (R428.4 million). Furthermore, headline earnings per share from continuing operations came in at 112.2 cents per share (45.1 cents per share).



Dividend

The directors have resolved to declare a final gross cash dividend (number 81) of 22 cents per share for the period ended 30 June 2015.



Outlook

The burden of a constrained market, together with the expectation of rising interest rates, labour demands, electricity disruptions and continuing high unemployment, is expected to hamper any sustainable improvement in consumer spending. These issues will have an impact across the segments in which the Group operates. . The Consumer division's new management structure and focused investment behind its brands is expected to yield positive financial results in 2016. The poultry industry is still facing uncertainty following the recent decision with respect to duty free USA imports, while the injection cap issue remains unresolved. Improvements from the new chicken business model are expected to moderate in the new financial year off a substantially higher base.



The Sugar - Milling divisions use of irrigation will largely shield it from the current drought conditions experienced by the KZN sugar producers, however the short-term outlook for global sugar pricing is negative. Vector expects to commission new capacity in the latter half of the year, allowing the take-on of potential new customers. The continuing good performance of food service customers is expected to help offset negative economic factors. RCL Foods expects that cash flows in the business will remain robust against the backdrop of a significant capital expenditure investment programme. It will allow RCL Foods to continue plans to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations
19-Aug-2015
(Official Notice)
Shareholders are advised that RCL Foods expects that its earnings per share from continuing operations ("EPS") and its combined EPS (which includes continuing and discontinued operations) for the year ended 30 June 2015 will be between 96 cents (EPS +310.1%; combined EPS +331.9%) and 104 cents (EPS +327.6%; combined EPS +351.2%) versus the EPS loss of 45.7 cents and combined EPS loss of 41.4 cents for the corresponding year ended 30 June 2014.



The headline earnings per share from continuing operations ("HEPS") and combined HEPS (which includes continuing and discontinued operations) for the year ended 30 June 2015 will be between 108 cents (HEPS +326.4%; combined HEPS +348.8%) and 116 cents (HEPS +343.2%; combined HEPS +367.3%) versus the HEPS loss of 47.7 cents and combined HEPS loss of 43.4 cents for the corresponding year ended 30 June 2014.



The increase in EPS and HEPS is largely as a result of:

* Improved trading from the poultry and sugar operations

* Foreign exchange losses relating to the Eurobond in the prior year



The Group?s results for the year ended 30 June 2015 are expected to be released on SENS on or about 1 September 2015.
31-Jul-2015
(Official Notice)
RCL Foods announces that it has entered into a subscription agreement with, inter alia, HMH, a private company incorporated under the laws of Uganda, whereby RCL Foods shall subscribe for 33,5 percent of the total issued share capital of HMH for USD4.66 million in cash (?the Acquisition?).



HMH is a poultry producer operating a feed mill, broiler farms and processing plant. It is currently owned by the Hudani and Manji families, who have extensive interests in East Africa in food processing, distribution, construction, telecoms, real estate and hospitality. This is an exciting opportunity to enter the East African region with an established reputable partner, and the new venture will create one of the largest processors and marketers of chicken in both Uganda and East Africa.



The Acquisition is not subject to JSE Ltd. Listings Requirements due to its size and is only subject to a number of non-material conditions precedent.
18-Feb-2015
(C)
Revenue from continuing operations shot up to R12.0 billion (R8.7 billion). EBITDA jumped to R1.2 billion (R688.3 million). Operating profit more than doubled to R866.1 million (R443.0 million). Profit attributable to equity holders multiplied to R612.8 million (R13.1 million). In addition, headline earnings per share from continuing operations increased to 70.0 cents per share (4.8 cents per share).



Cash dividend declaration

The directors have resolved to declare an interim gross cash dividend (number 80) of 15.0 cents per share for the six months ended 31 December 2014 (nil).



Prospects

The operational improvements that RCL Foods has implemented across the different businesses over the past year should continue to contribute positively to the earnings performance in an environment where economic conditions remain challenging. The second half of the financial year is a seasonally lower profit period, especially as relates to Rainbow which enjoys its peak trading in December, and TSB which has the three month off crop from January to March.



The weak state of the South African economy and the devaluation of the rand means a sustainable improvement in consumer spending is unlikely in the near future. The lower oil price will temper inflationary pressure and contribute to lower fuel and oil derivative input costs.



The poultry industry's application for long-term anti-dumping duty protection and the timing of government's regulation of injection remain as uncertainties.



TSB's use of irrigation has meant that its production is largely unaffected by the drought that is affecting the balance of the sugar industry. TSB has sufficient irrigation resources for the forthcoming sugar season.



The trading outlook for Vector is largely positive with continued CSD and new customer growth anticipated.



The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub- Saharan Africa in line with its long-term aspirations.
03-Feb-2015
(Official Notice)
Shareholders are advised that RCL expects that its earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the interim period ended 31 December 2014 will be between 60 cents (+2509%) and 80 cents (+3378%) versus the EPS and HEPS of 2.3 cents for the interim period ended 31 December 2013.



The Group?s results for the interim period ended 31 December 2014 are expected to be released on SENS on 18 February 2015. Consistent with the June 2014 results announcement, the Group will release a set of pro-forma comparative results for the interim period ended 31 December 2013 in order to enable shareholders to draw a meaningful comparison.
19-Dec-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 7 November 2013, in which they were advised that the Competition Commission had approved the proposed acquisition by Oceana of the fishing interests of Foodcorp, subject to certain conditions, one of which was not acceptable to the parties.



Accordingly, the parties filed a Request for Consideration with the Competition Tribunal, challenging the condition in question. The Tribunal approved the transaction subject to conditions which were again not acceptable to the parties. The parties chose to take the matter on appeal before the Competition Appeal Court, which court has today upheld the appeal and approved the merger subject to conditions acceptable to the parties. For more information, shareholders are referred to the announcement released by Oceana on SENS.
13-Nov-2014
(Official Notice)
At the 48th (forty-eighth) annual general meeting ("AGM") of the shareholders of RCL Foods held today, 13 November 2014, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, RCL Foods confirms the voting statistics from the AGM as follows: The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
31-Oct-2014
(Official Notice)
Further to the Group financial results announcement for the year ended 30 June 2014, released on the Stock Exchange News Service on 27 August 2014, shareholders are now advised of the RCL Foods Board's proposed implementation of a top level restructure within the RCL Foods Group.



To date, the Group has been structured around the statutory companies of Foodcorp, Rainbow, TSB and Vector. The Board has resolved to restructure the Group into the logical business clusters of "Consumer" (which includes Rainbow and Foodcorp's Grocery, Beverages, Pies and Speciality divisions) and "Sugar - Milling" (which includes TSB, Rainbow's Feed division Epol and Foodcorp's Milling and Baking divisions). Vector will continue to operate as a standalone business, ultimately responsible for all of the Group operations' route to market. The restructure will be effective from 1 January 2015 and the Board is confident that it will facilitate the delivery of the Group's strategy to build an African food business of scale.



Scott Pitman, currently MD of Rainbow, has been appointed MD of the Consumer division and John du Plessis, currently MD of TSB, has been appointed MD of the Sugar and Milling division. Cliff Sampson, currently MD of Foodcorp, has elected not to accept a position within the restructured RCL Foods Group and, as such, will leave the business at the end of December 2014. The Board would like to take this opportunity to thank Cliff for his leadership and commitment to Foodcorp and RCL Foods over the past years and wish him well for his future endeavours.

30-Sep-2014
(Official Notice)
With regard to the audited results for the year ended 30 June 2014, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 September 2014 and contain no modifications to the audited results which were published on SENS on 27 August 2014.



Notice is hereby given that the 48th annual general meeting of RCL Foods shareholders will be held at Six The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Thursday, 13 November 2014 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - Friday, 19 September

*Last day to trade in order to be eligible to attend and vote at the annual general meeting - Friday, 31 October

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - Friday, 7 November

*Forms of proxy for the annual general meeting to be lodged by 08h30 on - Tuesday, 11 November*

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
16-Sep-2014
(Official Notice)
Shareholders are advised that Group and divisional management of RCL Foods and TSB Sugar RSA (Pty) Ltd. ("TSB") will host an analyst and investor site visit to the TSB operations in Malalane in Mpumalanga on 17 September 2014. The programme will include an introductory overview of TSB, followed by a site visit orientation and tour of the milling, packaging and animal feed operations.



The presentation by management will be available on the Group website at www.rclfoods.com by no later than 09h30 on 17 September 2014, and does not contain new material information about the current trading or future financial performance of either RCL Foods or TSB.
27-Aug-2014
(C)
Revenue from continuing operations jumped to R19.7 billion (R10.1 billion). Operating profit shot up to R534.0 million (R167.1 million). Loss attributable to equity holders was R289.0 million (profit of R27.2 million). Furthermore, headline loss per share from continuing operations were 47.7 cents per share (earnings of 4.8 cents per share).



Dividend

The directors have resolved to declare a final gross cash dividend (number 79) of 20 cents per share for the period ended 30 June 2014 (nil). No interim dividend was declared and paid in either the 2014 or 2013 financial year. Declaration of a dividend for 2014 signals the board's intention to resume paying dividends, subject to the



Prospects

The weak state of the South African economy, expectations of rising interest rates, escalating and prolonged labour strikes and the significant devaluation of the local currency means a sustainable improvement in consumer spending is unlikely in the near future. The impact of this is pervasive across all RCL Foods' segments.



The poultry industry remains in crisis and the effectiveness of the recently announced anti-dumping protection will be key to the survival of the industry. Market prices of maize and soya meal have declined recently and are likely to translate into a lower feed cost if sustained at current levels.



With the current favourable level of irrigation resources and the carryover of cane due to the industry strike, a good production season is expected for TSB. The lower level of sugar imports since the promulgation of the new tariff promises a normalisation in the SACU sugar market and better marketing conditions are expected.



The redemption of Foodcorp's Euro denominated debt has removed the significant foreign currency valuation volatility and allowed a more appropriate funding structure to be implemented, which will result in a more stable and lower cost of funding going forward.



The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations.
18-Aug-2014
(Official Notice)
Shareholders are referred to the Trading Statement issued on SENS on 5 August 2014 advising that the Group expected its earnings per share ("EPS") and headline earnings per share ("HEPS") from continuing operations to be losses of between 50 and 60 cents ("the previous Trading Statement").



The Group is finalising its results for the year ended 30 June 2014 and advises shareholders of the following, which replaces the range quoted above:

*EPS and HEPS are expected to be losses of between 45 and 50 cents compared to profits of 4.5 cents and 4.8 cents respectively for the comparable period.



The improvement from the previous Trading Statement relates to a change in the finalisation of the preliminary purchase price allocation in respect of the New Foodcorp Holdings (Pty) Ltd. acquisition, which has adjusted the June 2013 opening balance sheet. The Group's results for the year ended 30 June 2014 are expected to be released on SENS on or about 27 August 2014. Accompanying these results the Group will release a set of pro-forma results, based on the assumption that all of the corporate activities (as described in the previous Trading Statement) occurred on 30 June 2013, in order to provide shareholders with a better understanding of the underlying performance of the Group for the year ended 30 June 2014. The financial information on which this revised trading statement is based has not been reviewed and reported on by the Group's external auditors.

05-Aug-2014
(Official Notice)
Shareholders are advised that RCL expects that its earnings per share ("EPS") and headline earnings per share ("HEPS") for the year ended 30 June 2014 from continuing operations will be a loss of between 50 cents and 60 cents versus the EPS of 4.5 cents and HEPS of 4.8 cents for the corresponding year ended 30 June 2013.



The decrease in EPS and HEPS is largely due to the impact of the following corporate transactions:

* Redemption of New Foodcorp Holdings (Pty) Ltd.?s ("Foodcorp") Euro-denominated Senior Secured Notes ("SSN's") at a premium (the SSN's were redeemed in two tranches, 10% @ 103% in November 2013 and the remaining 90% @ 108.75% in April 2014) and which crystalised material forex losses (net of hedges);

* Restructuring of the BEE shareholdings resulting in material IFRS 2 charges;

* Transaction costs associated with the abovementioned transactions, as well as with the buyout of the remaining 35.8% minority interest in Foodcorp, the acquisition of TSB Sugar RSA (Pty) Ltd. ("TSB") and the R790.1m pro-rata minority rights offer.



In addition, TSB's results since acquisition on 1 January 2014 were compromised by the three month off-crop season from January to March, the high volumes of imports impacting sugar prices, as well as the two week industry strike.



The Group's results for the year ended 30 June 2014 are expected to be released on SENS on or about 27 August 2014. Accompanying these results the Group will release a set of pro-forma results, based on the assumption that all of the above corporate activities occurred on 30 June 2013, in order to provide shareholders with a better understanding of the underlying performance of the Group for the year ended 30 June 2014.
26-May-2014
(Official Notice)
RCL shareholders ("Shareholders") are referred to

* the circular posted to Shareholders on 12 December 2013 wherein Shareholders were inter alia advised on the company's intention to implement a broad based black economic empowerment transaction with strategic partners of RCL ("RCL BEE Transaction");

* the announcement released on the Stock Exchange News Service on Monday, 31 March 2014 wherein Shareholders were advised of the fact that the RCL BEE Transaction had not become unconditional due to various delays with filings at the Companies and Intellectual Property Commission.



The RCL BEE Transaction has now become unconditional and will be implemented today, 26 May 2014.
09-May-2014
(Official Notice)
RCL shareholders are referred to the announcement released on SENS on Friday, 7 March 2014, wherein shareholders were advised that RCL, through one of its operating subsidiaries Vector Logistics (Pty) Ltd., had entered into an agreement to acquire a 49% shareholding in Senn Foods Logistics (Pty) Ltd. of Botswana, for P65.5 million (R79.9 million) ("the acquisition").



The acquisition was subject to regulatory approvals in Botswana and South Africa, and RCL confirmed that the necessary approvals have been obtained and that the acquisition is unconditional. Senn Foods Logistics is the largest cold chain distribution business in Botswana and is involved in the distribution of dry, frozen and chilled foodstuffs. The business currently represents almost all of Vector's principals in Botswana including Rainbow, McCain, I-J and Fry's as well as QSR customers Chicken Licken, Nando's, Spur and Wimpy.



The acquisition is in line with RCL's growth aspirations into Africa and Vector?s long term strategy to extend its reach into other African countries and to offer world class logistics and sales solutions to existing and future partners in these countries.
08-Apr-2014
(Official Notice)
RCL are referred to:

* the announcement by RCL dated 14 March 2014 wherein Shareholders were notified of a special resolution to be considered and voted on in writing by the Shareholders in terms of section 60 of the Companies Act, in connection with the provision of financial assistance by RCL in terms of section 44 and section 45 of the Companies Act (the "Special Resolution"); and

* the notice of the Special Resolution which was posted to Shareholders on Friday, 14 March 2014.



Shareholders were entitled to exercise their votes in respect of the Special Resolution for a period of 20 (twenty) business days after the Special Resolution was submitted to them. Shareholders are however advised that, as at the date of this announcement, the percentage of voting rights required to adopt the Special Resolution have been exercised by Shareholders in favour of the Special Resolution, and the Special Resolution has been passed.
31-Mar-2014
(Official Notice)
RCL Foods shareholders ("Shareholders") are referred to:

*the circular posted to Shareholders on 12 December 2013 wherein Shareholders were inter alia advised on the Company's intention to implement two broad based black economic empowerment ("BEE") transactions with strategic partners of RCL Foods ("RCL Foods BEE Transaction") and TSB Sugar Holdings Limited (TSB BEE Transaction) (collectively the BEE Transactions);

*the announcement released on the Stock Exchange News Service on Thursday, 16 January 2014 wherein Shareholders were advised of the fact that all Shareholder resolutions required to inter alia authorise the implementation of the BEE Transactions had been duly passed by Shareholders at a general meeting of the Company held on Thursday, 16 January 2014.



The Company had originally anticipated implementing the BEE Transactions by Monday, 31 March 2014. However, due to various delays at the Companies and Intellectual Property Commission ("CIPC"), the BEE Transactions cannot be implemented by the anticipated date. This includes with regard to the filing of the amendment to RCL Foods' memorandum of incorporation in order to give effect to an increase in RCL Foods' share capital. The TSB BEE Transaction has become unconditional and will be implemented on Thursday, 3 April 2014. With regard to the RCL Foods BEE Transaction, certain conditions precedent (relating to CIPC filings) remain outstanding and the Company anticipates that the RCL Foods BEE Transaction will be implemented by no later than Friday, 30 May 2014.

14-Mar-2014
(Official Notice)
12-Mar-2014
(Official Notice)
RCL Foods today announces that its wholly owned subsidiary, Foodcorp Proprietary Limited ("Foodcorp"), has issued a notice for the redemption (the "Redemption") of all of its currently outstanding EURO351,000,000 aggregate principal amount of 8.75% Senior Secured Notes due 2018 (the "Notes"). Foodcorp will on or about 11 April 2014 (the "Redemption Date") redeem the Notes for cash in an amount equal to the aggregate redemption price (being 108.750% of the outstanding principal amount), plus accrued and unpaid interest to (but not including) the Redemption Date. The Redemption will be funded through a locally sourced ZAR debt package. The notice of redemption sent to Notes holders and dated 12 March 2014, contains additional information concerning the terms of the Redemption. This announcement is for informational purposes only and shall not constitute an offer to purchase the Notes or any other securities.
07-Mar-2014
(Official Notice)
RCL, through one of its operating subsidiaries Vector Logistics (Pty) Ltd., has entered into an agreement to acquire a 49% shareholding in Senn Foods Logistics (Pty) Ltd. of Botswana, for BWP65.5 million (R79.9 million) ("the acquisition"). Senn Foods Logistics is the largest cold chain distribution business in Botswana and is involved in the distribution of dry, frozen and chilled foodstuffs. The business currently represents almost all of Vector's principals in Botswana including Rainbow, McCain, I-J and Fry's as well as QSR customers Chicken Licken, Nando's, Spur and Wimpy.



The acquisition is in line with RCL's growth aspirations into Africa and Vector's long term strategy to extend its reach into other African countries and offer world class logistics and sales solutions to existing and future partners in these countries. The acquisition is subject to regulatory approvals in Botswana and South Africa.
19-Feb-2014
(C)
Revenue for the interim period ended 31 December 2013 increased to R8.8 billion (R4.5 billion). Operating profit grew to R443 million (R90 million), while profit attributable to equity holders dropped to R13.1 million (R52.4 million). Furthermore, headline earnings per share from continuing operations decreased to 4.8cps (17.3cps).



Dividend

The board has resolved to defer a dividend decision to year-end.



Outlook

The poor state of the South African economy, rising interest rates, mining sector strikes and the significant devaluation of the local currency means a sustainable improvement in consumer spending is unlikely in the near future. The impact of this is pervasive across all RCL Foods' segments. The poultry industry is at crisis point and anti-dumping protection will be key to the survival of the industry. The acquisition of TSB provides a unique opportunity for RCL Foods to diversify across the food industry value chain. The outlook for global sugar, however, remains challenging with the South African market suffering under high levels of imports.



ITAC gazetted the Sugar Industry's application for an increase in the Dollar based reference price in September 2013 which is expected to be heard in the first quarter of 2014. The trading outlook for Vector is mixed, with solid profit growth coming from the filling of capacity offset by the retail business where Vector's principals are coming under increased pressure from cheap imports. The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations.



11-Feb-2014
(Official Notice)
The Group's results for the six month period ended 31 December 2013 are due to be released on SENS on Wednesday 19 February 2014. RCL shareholders are advised that the Group expects its operating profit (earnings before interest and taxation) for the six month period ended 31 December 2013 to be between 380% and 400% higher than that of the six month period ended 31 December 2012, while its Earnings Per Share ("EPS") from continuing operations and Headline Earnings Per Share ("HEPS") from continuing operations for the six month period ended 31 December 2013 are expected to be between 60% and 80% lower than that of the six month period ended 31 December 2012.



The results have been impacted by the following:

* operating profit has been impacted by the first-time inclusion of Foodcorp results for the six months to December period;

* earnings are materially affected by the significant deterioration in the Rand/Euro exchange rate from 1 July 2013 to 31 December 2013, due to its impact on the valuation of the Foodcorp Eurobond and related hedges. This is a non- cashflow mark-to-market adjustment and has been accounted for as a finance cost;

* EPS and HEPS are further impacted by the dilutionary effect of additional shares in issue because of the March 2013 rights offer.
05-Feb-2014
(Official Notice)
RCL Foods shareholders ("Shareholders") are referred to the announcement released on the Stock Exchange News Service on Friday, 17 January 2014 and to the circular issued on Thursday, 12 December 2013 advising Shareholders of a proposed R2.5 billion equity capital raising, including a pro rata offer of 74 214 642 new ordinary shares in RCL Foods ("Pro Rata Offer Shares") to qualifying RCL Foods minority shareholders at a subscription price of R16.50 (the "Pro Rata Offer").



Results of the pro rata offer

Pursuant to the Pro Rata Offer, which closed at 12:00 on Tuesday, 4 February 2014, qualifying RCL Foods minority shareholders subscribed for 47 889 945 Pro Rata Offer Shares for gross proceeds of R790 million.



Issue of pro rata offer shares

Dematerialised Shareholders, who validly subscribed for Pro Rata Offer Shares, will have their accounts at their CSDP or broker updated with the Pro Rata Offer Shares to which they are entitled on Monday, 10 February 2014. CSDPs effect payment on a delivery versus payment basis. Certificated Shareholders, who validly subscribed for Pro Rata Offer Shares, will have new share certificates in respect of the Pro Rata Offer Shares to which they are entitled posted to them, at their own risk, on Monday, 10 February 2014.



Private placement

Market conditions permitting, and not before the Company?s interim results announcement on 20 February 2014, it is the intention of the board of directors of RCL Foods to raise the balance of the R2.5 billion by way of a private placement of shares to qualifying South African and international investors. Further details will be announced in due course.
23-Jan-2014
(Official Notice)
RCL shareholders are referred to the circular issued on Thursday 12 December 2013 advising RCL shareholders of the proposed implementation of the below mentioned transactions.



In accordance with the JSE Ltd. Listings Requirements and Section 122 of the Companies Act 2008, RCL shareholders are advised of the following:



Industrial Partnership Investments (Pty) Ltd. ("IPI") has notified the company that it has disposed of all of its RCL ordinary shares to TSB Sugar Holdings (Pty) Ltd. ("TSB"). Accordingly, IPI holds no voting rights in the company.



TSB has notified the company that it has acquired 434 875 326 ordinary shares in the company from IPI, representing 69.5% of the voting rights in the company. TSB has also notified the company that it has acquired a further 230 946 882 ordinary shares in the company, issued as consideration for the acquisition by RCL of all of TSB's shares in TSB Sugar RSA (Pty) Ltd. and TSB Sugar International (Pty) Ltd. Accordingly, TSB's holding now represents 77.7% of the voting rights in the company.
17-Jan-2014
(Official Notice)
16-Jan-2014
(Official Notice)
RCL shareholders are referred to the announcement released on the Stock Exchange News Service on Thursday, 21 November 2013 and published in the South African press on Friday, 22 November 2013, advising of the proposed acquisition by RCL of TSB Sugar RSA and TSB Sugar International from TSB Sugar Holdings, the implementation of the TSB BEE Transaction, the unwinding of the current RCL Foods BEE structure, the implementation of a new RCL Foods BEE Transaction and a proposed equity capital raising ("the Proposed Transactions").



At the general meeting of RCL shareholders held today, 16 January 2014, all the special and ordinary resolutions proposed, including the resolutions required to implement the Proposed Transactions, increase the company's authorised share capital and amend the Memorandum of Incorporation, were passed by the requisite majority of votes.



The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
12-Dec-2013
(Official Notice)
29-Nov-2013
(Official Notice)
Johannes Bhekumuzi Magwaza and Munro Griessel have resigned as non-executive directors from the board of RCL Foods with effect from 18 November 2013.
21-Nov-2013
(Official Notice)
19-Nov-2013
(Official Notice)
At the 47th (forty-seventh) annual general meeting of the shareholders of RCL held today, 19 November 2013, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



Any special resolutions required to be lodged for registration with the Companies and Intellectual Property Commission will be lodged in due course.
08-Nov-2013
(Official Notice)
Shareholders are referred to the Oceana announcement released on SENS earlier today advising that the Competition Commission has approved the proposed acquisition by Oceana of the fishing interests of Foodcorp, subject to certain conditions. RCL Foods shareholders are advised that one of these conditions is not acceptable to the parties. Accordingly, the parties will file a Request for Consideration with the Competition Tribunal challenging the condition in question. In the interim, the parties have agreed to extend the sale of business agreement for a further three months to 31 January 2014.

30-Sep-2013
(Official Notice)
With regard to the audited results for the year ended 30 June 2013, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 September 2013 and contain no modifications to the audited results which were published on SENS on 27 August 2013.



Notice of the annual general meeting

Notice is hereby given that the 47th annual general meeting of RCL shareholders will be held at Six The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Tuesday, 19 November 2013 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 20 September 2013

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Friday, 1 November 2013

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 8 November 2013

*Forms of proxy for the annual general meeting to be lodged by 08h30 on* -- Friday, 15 November 2013

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
18-Sep-2013
(Official Notice)
Shareholders are advised that Justin Williamson is to step down as Managing Director of Foodcorp (Pty) Ltd. ("Foodcorp"), effective 30 September 2013. The Foodcorp board has named Cliff Sampson, currently Managing Director - Foodcorp Consumer Brands, and an Executive Director of Foodcorp, as Foodcorp's new Managing Director, effective 1 October 2013.
30-Aug-2013
(Official Notice)
Further to the abridged consolidated audited results for the year ended 30 June 2013 released on SENS on 27 August 2013 ("the abridged report"), shareholders are advised that the abridged report is summarised from a complete set of the group financial statements on which the independent auditors, PricewaterhouseCoopers Inc., has expressed an unmodified audit opinion, which is available for inspection at the company's registered office.



The abridged report as released on SENS is extracted from audited information, but is not itself audited. The directors of Rainbow (RCL) take full responsibility for the preparation of the abridged report and that the financial information has been correctly extracted from the underlying annual financial statements. A copy of the annual financial statements that have been summarised in this report can be obtained from the company's registered office.
30-Aug-2013
(Permanent)
Rainbow Chicken Ltd. changed its name to RCL FOODS Ltd. on Friday, 16 August 2013.
28-Aug-2013
(Official Notice)
Shareholders were referred to the group's abridged consolidated audited results announcement released on the Stock Exchange News Service yesterday, 27 August 2013, wherein it was disclosed that Mr Derrick Msibi and Mr George Steyn have been appointed to the Rainbow board with immediate effect. Shareholders are advised that Messrs Msibi and Steyn join the RCL board as independent non-executive directors.
27-Aug-2013
(C)
Revenue for the year shot up to R10.1 billion (2012: R7.9 billion). Operating profit dropped to R166 million (2012: R414.2 million), while profit for the year attributable to equity holders of the company slumped to R26.5 million (2012: R266.8 million). Furthermore, headline earnings per share from continuing operations fell to 4.6cps (2012: 88.4cps).



Dividend

In view of Rainbow's poor trading results and the uncertainties relating to the poultry industry, the Board has resolved not to declare a dividend for the 2013 financial year (2012 final dividend 32cps cents and total dividend 60cps).



Prospects

The poor state of the global and local economy means a sustainable improvement in consumer sentiment and spending is unlikely in the near future which will impact across Foodcorp, Rainbow and Vector. The poultry industry is at crisis point and anti-dumping protection will be key to the survival of the industry.



The trading outlook for Vector is likely to remain challenging, particularly in the retail business where Vector's principals are coming under increased pressure from cheap imports. Vector will continue to seek new business to take advantage of the additional capacity created in 2013. The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long- term aspirations.
23-Aug-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on Friday, 2 August 2013 advising that the special resolution to approve the change of the Company's name from "Rainbow Chicken Ltd." to "RCL Foods Ltd." was approved by the requisite majority of votes at the general meeting of shareholders ("the special resolution"). Shareholders are advised that the special resolution has been registered with the Companies and Intellectual Property Commission. There are no further conditions precedent outstanding.



Accordingly, the salient dates for the name change, as announced on SENS on Wednesday, 3 July 2013, still apply. The Company will begin trading under the new name "RCL Foods Ltd." under the new JSE share code "RCL", abbreviated name "RCL" and new ISIN ZAE000179438 with effect from commencement of trade on Monday, 2 September 2013.
19-Aug-2013
(Official Notice)
The group's results for the 2013 financial year are due to be released on SENS on Tuesday 27 August 2013. Rainbow shareholders are advised that the group expects its earnings per share from continuing operations and headline earnings per share from continuing operations for the 12 month period ended 30 June 2013 to be between 80% and 100% lower than that of the 12 month period ended 30 June 2012.
02-Aug-2013
(Official Notice)
At the general meeting of the shareholders of Rainbow held on 02 August 2013, the special resolution approving the change of the company's name from "Rainbow Chicken Ltd." to "RCL Foods Ltd.", and the ordinary resolution authorising the implementation of the name change, were both passed by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Property Commission, and a further SENS announcement confirming registration will be made in due course.
03-Jul-2013
(Official Notice)
Notice is given that a general meeting of shareholders of Rainbow will be held at 11:00 on Friday, 2 August 2013 at the company's registered office, One The Boulevard, Westway Office Park, Westville, Durban for the purpose of obtaining authority to change the name of the company from Rainbow Chicken Ltd. to RCL Foods Ltd. A circular setting out, inter alia, the rationale for the proposed name change, and including a notice of general meeting, was posted to shareholders on Wednesday, 3 July 2013.



Salient dates 2013

* Details of general meeting and declaration of change of name announcement released on SENS on Wednesday, 3 July

* Details of general meeting and declaration of name change published in the press on Thursday, 4 July

* Last day to trade to be entitled to attend and vote at the general meeting Friday, 19 July

* Record date to determine which shareholders are entitled to attend and vote at the general meeting Friday, 26 July

* Last day to lodge forms of proxy with the transfer secretaries to vote at the general meeting by 11:00 on Wednesday, 31 July

* General meeting of shareholders to be held at 11:00 on Friday, 2 August

* Results of general meeting announcement released on SENS on Friday, 2 August

* Results of general meeting published in the press on Monday, 5 August

* Finalisation date Friday, 23 August

* Announcement confirming that the name change has become effective released on SENS by no later than 11:00 on Friday, 23 August

* Announcement confirming that the name change has become effective published in the press on Monday, 26 August

* Last day to trade under the old name Rainbow Chicken Ltd. on Friday, 30 August

* Trade under the new name RCL Foods Ltd. under the new JSE share code RCL, abbreviated name RCL and new ISIN ZAE000179438 from commencement of trading on Monday, 2 September.
01-Jul-2013
(Official Notice)
On 29 April 2013 Rainbow acquired an effective 64.2% of the issued ordinary share capital of Foodcorp through its subsidiary Capitau Investment Management (Pty) Ltd. ("the Acquisition"). As at the effective date of the Acquisition, Foodcorp management collectively held 23.9% of Foodcorp directly and via Foodcorp Management Holdings (Pty) Ltd. RCL has now agreed with Foodcorp management to acquire their 23.9% stake in Foodcorp (the "Transaction"). The Transaction will increase Rainbow's effective interest in Foodcorp to 88.1%. Foodcorp management remains fully committed to the business of Foodcorp and aligned to Rainbow's long term strategic objectives.



Terms of the Transaction

Rainbow will pay Foodcorp management and Foodcorp Management Holdings (Pty) Ltd. a total cash consideration of R393 million for their 23.9% stake in Foodcorp. There are no outstanding conditions precedent to the Transaction, and the effective date of the Transaction is 1 July 2013.



Small related party transaction

In terms of the JSE Ltd. ("JSE") Listings Requirements, the Transaction is a small related party transaction for Rainbow's subsidiary Foodcorp. As such, Deloitte Corporate Finance ("Deloitte") has provided the Board of Rainbow with written confirmation, in its capacity as independent professional expert, confirming that the Transaction is fair to Rainbow shareholders. Deloitte's opinion (the content of which is still subject to JSE approval) is available for inspection at the registered office of Rainbow for a period of 28 days from the date of this announcement.
04-Jun-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on 29 April 2013, relating to Rainbow's acquisition of an effective 64.2% of New Foodcorp Holdings (Pty) Ltd. ("New Foodcorp Holdings"). Shareholders are advised that Foodcorp, a 100% subsidiary of New Foodcorp Holdings, has concluded Heads of Agreement with Oceana Group Ltd. ("Oceana") for the disposal by Foodcorp of its fishing division to Oceana in a transaction worth R445 million ("the Transaction").



Among other conditions, the Transaction is subject to the following material conditions precedent:

* transfer of the fishing rights acquired being approved by the Department of Agriculture, Forestry and Fisheries;

* approval by the Competition Authorities; and

* conclusion of a formal agreement containing detailed terms of the Transaction.



For further details regarding the Transaction, shareholders are referred to the voluntary announcement released simultaneously by Oceana
30-May-2013
(Official Notice)
Further to the announcements released on SENS on 4 February 2013 and 9 May 2013 relating to the purchase of a 49% shareholding in Zambeef's 100% subsidiary Zam Chick Ltd., Rainbow shareholders are advised that agreement has been reached with Zambeef to establish a broiler parent stock rearing, laying and hatching operation, Zamhatch Ltd., for the supply of day old chicks. Rainbow and Zambeef will own 51% and 49% respectively of the new Zamhatch business, which is expected to become operational over the next two to three years.
09-May-2013
(Official Notice)
Further to the announcement released on SENS on 4 February 2013, Rainbow shareholders are advised that all outstanding conditions precedent relating to the purchase of 49% of Zambeef's shareholding in Zam Chick Ltd. have been fulfilled, and accordingly, the transaction is now unconditional.
29-Apr-2013
(Official Notice)
Further to the announcement released on SENS on 14 November 2012, RCL shareholders are advised that all outstanding conditions precedent relating to the acquisition of an effective 64.2% of Foodcorp have been fulfilled, and accordingly, the transaction is now unconditional. Consequently RCL results for the current financial year ending on 30 June 2013 will incorporate Foodcorp results with effect from 1 May 2013, details of which will be communicated with the year-end results.
04-Mar-2013
(Official Notice)
Rainbow shareholders are referred to the announcements released on SENS on 6 December 2012 and 25 January 2013, as well as the circular to RCL shareholders issued on 11 February 2013, detailing Rainbow's intention to raise ZAR3.9 billion in new equity capital by way of a renounceable rights offer of 276 964 802 new RCL ordinary shares ("Rights Offer Shares") in the ratio of 80 Rights Offer Shares for every 100 RCL ordinary shares held on Friday, 8 February 2013 (the "Record Date"), at a subscription price of R14.20 per Rights Offer Share (the "Rights Offer"). The Rights Offer was fully underwritten by Remgro Ltd., through its wholly-owned subsidiary, Industrial Partnership Investments (Pty) Ltd. (the "Underwriter").



Results of the Rights Offer

The Rights Offer closed at 12h00 on Friday, 1 March 2013 and RCL has successfully raised the full ZAR3.9 billion. The results of the Rights Offer are contained in the table below:

Number of Rights Offer Shares - % of Rights Offer Shares

* Rights Offer Shares available for subscription: 276 964 802 - 100

* Rights Offer Shares subscribed for: 230 503 830 - 83.2

* Rights Offer Shares allocated to the Underwriter pursuant to the underwriting: 46 460 972 - 16.8



Issue of Rights Offer Shares

Certificated Rainbow shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have new share certificates in respect of the Rights Offer Shares to which they are entitled posted to them, at their own risk, on Monday, 4 March 2013. Dematerialised Rainbow shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have their accounts at their CSDP or broker updated with the Rights Offer Shares to which they are entitled on Monday, 4 March 2013.
20-Feb-2013
(C)
Revenue for the interim period ended 31 December 2012 increased to R4.5 billion (2011: R3.9 billion). Operating profit dropped to R89.8 million (2011: R301.5 million), while total comprehensive income for the period slumped to R52.3 million (2011: R200.4 million). Furthermore, headline earnings per share more than halved to 17.8cps (2011: 68.7cps).



Dividend

As a result of the rights issue announced on SENS on 6 December 2012 and expected to be completed by 4 March 2013, as well as the difficult trading conditions, no interim dividend will be declared and the Board will defer a dividend decision to year-end.



Prospects

The two major issues facing the poultry industry, namely high levels of imports and record high raw material input costs, are unlikely to be resolved in the near term and will continue to suppress chicken margins. The trading outlook for Vector is likely to remain challenging, particularly in the retail business where Vector's principals are coming under increased pressure from cheap imports. The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations.
19-Feb-2013
(Official Notice)
Following the announcement that Mr Chris van den Heever has been seconded to Rainbow from Remgro Ltd. for a period of two years, the board of directors of Rainbow announced that Mr Hendrik Johannes (Hein) Carse, an Investment Executive at Remgro, has been appointed as a non-executive director of the board with effect from 19 February 2013.
04-Feb-2013
(Official Notice)
Rainbow announced that it has reached agreement with Zambeef PLC ("Zambeef") of Zambia, for the purchase of 49 per cent of Zambeef's shareholding in Zam Chick Ltd. ("Zam Chick") for USD14.25m in cash. Zam Chick currently manages and operates Zambeef's chicken broiler business, including the broiler houses, chicken abattoir and processing plant.



Zambeef is a major player in the Zambian agri-business market. It has an established track record in operating in African markets with operations in Zambia, Ghana and Nigeria. This is an exciting opportunity for both Zambeef and Rainbow to work together in order to take the poultry industry in Zambia to a new level. Zambeef and Rainbow are each entitled to appoint 2 directors to the Zam Chick board of directors, with Zambeef continuing to manage the day to day operations of Zam Chick and Rainbow providing technical assistance.



The transaction is subject to the fulfilment or waiver, as the case may be, of inter alia the following conditions:

*Competition and Consumer Protection Commission of Zambia approval; and

*South African Reserve Bank approval.



The short term impact on earnings is not anticipated to be material. The transaction falls below the threshold for a category transaction for Rainbow in terms of the JSE Ltd. Listings Requirements.



The transaction will be funded from a portion of the proceeds from the rights offer as announced on SENS on 6 December 2012.
31-Jan-2013
(Official Notice)
The group's interim results for the 2013 financial year (for the 6 month period ended 31 December 2012) are due to be released on SENS on Tuesday 19 February 2013.



Rainbow shareholders were advised that the group expects its Earnings Per Share and Headline Earnings Per Share for the 6 month period ended 31 December 2012 to be between 65% and 85% lower than that of the 6 month period ended 31 December 2011, and between 35% and 55% lower on a pre-IAS39 adjusted basis. The lower than anticipated earnings are mainly a function of the two major issues facing the local poultry industry, namely record levels of imports and escalating feed raw material input costs. The resultant oversupply in the local market has meant that the price of chicken in retail bears little reference to its cost of production, and has resulted in significant reductions in chicken margins.



Transaction costs in relation to Rainbow's acquisition of an effective 64.2% shareholding in New Foodcorp Holdings (Pty) Ltd. have been recognised to the extent that they are not conditional on the finalisation of all conditions precedent, and consequently the impact on the interim results is not material.
28-Jan-2013
(Official Notice)
Christiaan Mauritz van den Heever has resigned as a non-executive director from the board of Rainbow with effect from 1 February 2013.
25-Jan-2013
(Official Notice)
15-Jan-2013
(Official Notice)
Shareholders are advised that the special and ordinary resolutions approving the increase in the number of Rainbow's authorised shares, the issue of 276 964 802 new shares pursuant to a proposed rights offer and the authority to issue all of the Company's authorised but unissued shares, were passed by the requisite majority of votes at the general meeting.
12-Dec-2012
(Official Notice)
06-Dec-2012
(Official Notice)
Following the announcement of the final terms, salient dates and times and the unaudited pro forma financial effects of the Foodcorp Acquisition and the Rights Offer, Rainbow shareholders are no longer required to exercise caution when dealing in their Rainbow shares.
06-Dec-2012
(Official Notice)
20-Nov-2012
(Official Notice)
At the forty-sixth annual general meeting of the shareholders of Rainbow held on 20 November 2012, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
14-Nov-2012
(Official Notice)
The rights offer have not yet been determined. Accordingly, shareholders are advised to exercise caution when dealing in Rainbow's shares until a detailed announcement is made.
14-Nov-2012
(Official Notice)
23-Oct-2012
(Official Notice)
Shareholders are advised that the annual financial statements will be distributed to shareholders on 23 October 2012 and contain no modifications to the audited results which were published on SENS on 28 August 2012.



Notice of the annual general meeting

Notice is given that the 46th annual general meeting of Rainbow shareholders will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Tuesday, 20 November 2012 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
28-Aug-2012
(C)
During 2011 Rainbow changed its financial year-end from 31 March to 30 June so as to align with that of its holding company, Remgro Ltd. Therefore the figures for 30 June 2012 are not comparable to the 15 months ended 30 June 2011. Revenue came in at R7.9 billion. Operating profit was R414.2 million, while total comprehensive income for the year was recorded at R266.8 million. Furthermore, headline earnings per share came in at 90.7cps.



Dividend

The directors have resolved to declare a final gross cash dividend (number 78) of 32cps for the period ended 30 June 2012 (2011: 56cps).



Prospects

The volatile state of the global and local economy means a sustainable improvement in consumer sentiment and spending is difficult to predict in the near future. Raw material commodity prices are at record levels and together with the local supply and demand imbalance affecting chicken realisations, margins are likely to remain under pressure. Despite these factors, growth opportunities continue to be explored to meet the Group's long-term strategic aspirations.
15-Aug-2012
(Official Notice)
The group's final results for the financial year ended 30 June 2012 are due to be released on SENS on or about Tuesday 28 August 2012. During the 2011 financial year the group changed its financial year end from 31 March to 30 June. The final results for the 2012 financial year will therefore be compared to the results for the 15 month period ended 30 June 2011 and are therefore not directly comparable. Rainbow shareholders are advised that the group expects its earnings per share and headline earnings per share for the year ended 30 June 2012 to be between 25% and 35% lower than that of the 15 month period ended 30 June 2011.
12-Jun-2012
(Official Notice)
Further to the announcement released on SENS on 30 April 2012 regarding the passing of the chairman, Mr. Thys Visser, shareholders are advised that the recently appointed chief executive officer of Remgro Ltd., Mr. Jannie Durand, has been appointed as the chairman of the board of the company with effect from today, 12 June 2012. Mr. Chris Van Den Heever has been appointed as a non-executive director of the board of the company with effect from 12 June 2012.
30-Apr-2012
(Official Notice)
It is with deep sadness that the Rainbow board announces the death of its chairman, Mr Thys Visser. Thys (58) passed away following a car accident on 26 April 2012. An announcement will be made regarding Thys' successor in due course.
21-Feb-2012
(C)
Rainbow changed its year end to 30 June, and thus the comparative figures for 2010 are from the six months ended 30 September 2010. Revenue for the interim period increased to R3.9 billion (2010: R3.4 billion), while operating profit surged to R301.5 million (2010: R237.4 million), while total comprehensive income for the period jumped to R200.4 million (2010: R162.5 million). Furthermore, headline earnings per share rose to 68.7cps (2010: 55.2cps).



Dividend

The board declared an interim dividend of 28cps in respect of the period ended 31 December 2011 (2010: 28cps). This interim dividend is subject to STC as the declaration date precedes the implementation of the new dividend taxation legislation effective 1 April 2012.



Prospects

Initial planting estimates for the local maize crop are higher but weather conditions are now the key determinant in the size of the final crop. Other input cost pressures remain a challenge to the business and consumer sentiment and the general economy needs to improve before RCL's operating margins can be restored to targeted levels. Despite these factors, growth opportunities continue to be explored to meet the group's long-term strategic aspirations.
14-Feb-2012
(Official Notice)
The group's interim results for the 2012 financial year (for the six month period ended 31 December 2011) are due to be released on SENS on Tuesday 21 February 2012. During the 2011 financial year the group changed its financial year end from 31 March to 30 June. The interim results for the 2012 financial year therefore include the peak trading quarter of the year, i.e. 1 October to 31 December, unlike the previously reported interim results for the 2011 financial year (for the six month period ended 30 September 2010). The results are therefore not directly comparable. Consequently Rainbow shareholders are advised that the group expects its Earnings Per Share and Headline Earnings Per Share for the six month period ended 31 December 2011 to be between 21% and 26% higher than that of the six month period ended 30 September 2010.
27-Oct-2011
(Official Notice)
At the 45th annual general meeting of the shareholders of Rainbow held on 27 October 2011, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
29-Sep-2011
(Official Notice)
Shareholders were advised that the annual financial statements will be distributed to shareholders on 29 September 2011 and contain no modifications to the audited results which were published on SENS on 30 August 2011.



Notice of the annual general meeting

Notice was given that the 45th annual general meeting of shareholders of Rainbow Chicken Limited will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Thursday 27 October 2011 at 14h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
12-Sep-2011
(C)
Rainbow announced that it has concluded an agreement to acquire the poultry processing operations of Bush Valley Chickens, located near Tzaneen in Limpopo province, for a purchase consideration of R92.5 million ("the transaction"). The facility currently processes approximately 150,000 chickens per week and fits Rainbow?s strategic growth plan, although the short-term impact on earnings is expected to be immaterial. The transaction is subject to approval by the Competition Commission and the fulfilment of certain suspensive conditions.
30-Aug-2011
(C)
Revenue increased to R8.6 billion (2010: R7 billion). Operating profit rose to R552.3 million (2010: R519.7 million), while total comprehensive income for the period grew to R383.9 million (2010: R355.5 million). Furthermore, headline earnings per share was higher at 132.7cps (2010: 120.4cps).



Dividend

The board declared a final dividend (number 76) of 56cps in respect of the 15 months ended 30 June 2011 (2010: 48cps).The total dividend for the year is 1.6 times covered by fully diluted headline earnings per share (2010: 1.6 times). It is the board's intention to restore the dividend cover range to between 2.0 and 2.5 times over a period of time.



Prospects

The global economic recovery remains fragile with growth in the SA economy below the levels experienced prior to the recession. Oil prices specifically are trading at relatively high levels, which impacts on related ethanol and maize markets. Maize and soya prices are likely to remain high and volatile, with any improvement in the low global stock levels dependant on the yield of the new northern hemisphere crops. Since year-end local maize prices have increased significantly and over the next six months all raw material prices are anticipated to follow international price movements. Energy rate cost increases, driven largely by oil and electricity, continue to challenge Rainbow and Vector's cost of doing business. Although chicken realisations have improved marginally, they are expected to remain under pressure as a result of consumers' lower disposable income and the current higher level of imports.
23-May-2011
(C)
Revenue increased slightly to R6.96 billion (R6.95 billion). Operating profit rose to R534.38 million (R519.69 million). Net attributable profit improved to R368.02 million (R355.51 million). In addition, headline earnings per share grew to 127.1cps (120.4cps). (Rainbow's financial year-end has changed to 30 June so as to align with that of its holding company, Remgro Ltd. Therefore these results are classified as interim results.)



Dividend

Audited results will be published for the 15 months ended 30 June 2011 in August 2011, at which time the final dividend for the 2011 financial year will be declared.



Outlook

The global economic recovery remains fragile with growth in the SA economy below the levels experienced prior to the recession. Oil prices specifically are trading at relatively high levels, which impacts on related ethanol and maize markets. Maize and soya prices are likely to remain high and volatile, with any improvement in the low global stock levels dependant on the yield of the new northern hemisphere crops. Local raw material price movements are anticipated to follow international price movements in the next six months. Whilst chicken realisations have shown some improvement in recent months, they are expected to remain under pressure as a result of consumers` lower disposable income and the current higher level of imports
30-Mar-2011
(Official Notice)
With reference to the announcement released on SENS on 17 March 2011, shareholders are advised that the Companies and Intellectual Property Registration Office ("CIPRO") has approved the company's change in financial year-end. Accordingly, Rainbow's year-end has changed from 31 March to 30 June. Therefore Rainbow's results for the 15 months ended 30 June 2011 will be published in September 2011.

17-Mar-2011
(Official Notice)
Shareholders are herewith advised that the Board of Rainbow has approved the change in financial year-end of the company from 31 March to 30 June, with effect from the current financial year.



The rationale for the change in year- end is to align the year-end with that of its holding company Remgro Limited, which announced a change in financial year-end on 16 March 2011. It should be noted that the JSE Limited has approved the change in year-end, but approval from the Companies and Intellectual Property Registration Office ("CIPRO") is still pending.



Rainbow will publish and distribute a second set of interim results to shareholders for the twelve month period ending 31 March 2011, with comparative figures to the previous year, by no later than 30 June 2011. Rainbow will then also publish and distribute financial results for the fifteen months ending 30 June 2011, by no later than 30 September 2011, as well as publishing annual financial statements for the extended financial period to 30 June 2011.



As a result of the change in year-end, Rainbow's final and interim dividends will now be paid during September and April of each year respectively, compared to June and January previously. In respect of the fifteen month-period ending 30 June 2011, the final dividend will be based on earnings for the fifteen months and will be paid in September 2011. For subsequent financial years, the final dividend will again be based on earnings for the twelve months under review.

23 Nov 2010 17:39:48
(C)
Revenue for the interim period rose ever so slightly to R3.38 billion (2009: R3.36 billion), but operating profit decreased to R237.4 million (2009: R248.7 million), and total comprehensive income for the period weakened to R162.5 million (2009: R173.4 million). Furthermore, headline earnings per share fell to 55.2cps (2009: 58.2cps).



Dividend

The board declared an interim dividend (number 75) of 28.0 cents per ordinary share in respect of the period ended 30 September 2010 (2009: 28.0 cents).



Prospects

Maize and soya prices are likely to remain volatile with uncertainty around both the current USA crop and new season local planting intentions. With the recent firming of market prices for maize and soya, feed prices are expected to be marginally higher in the second six months. Despite chicken realisations showing some improvement in recent months, trading conditions remain uncertain and difficult to predict.
11 Aug 2010 16:04:54
(Official Notice)
Donald Winston Vale has resigned as a non-executive director from the board of Rainbow with effect from 30 July 2010 as a consequence of his retirement.
02 Aug 2010 09:15:00
(Media Comment)
Business Day reported that according to Rainbow Chicken CEO Milles Dally, the spending power of SA's consumers was no better than the low level it was at six months ago. He said trading conditions for the group remained tough and that this was in line with the group's predictions for the year. Mr Dally was interviewed after the chicken and branded foodstuff producer's annual meeting in Durban. He said Rainbow had nonetheless done quite well over the past two years to deal with a substantial rise in chicken feed costs. Mr Dally attributed this success to the group's strategy, transformation and being able to attract good talent.

30 Jul 2010 15:12:53
(Official Notice)
At the forty-fourth annual general meeting of the shareholders of Rainbow Chicken Ltd held on 30 July 2010, all the ordinary resolutions proposed at the meeting were approved by the requisite majority of votes.
12 Jul 2010 16:02:14
(Official Notice)
Shareholders were advised that the annual financial statements have been distributed to shareholders on 5 July 2010 and contain no modifications to the audited results which were published on SENS on 25 May 2010.



Notice of the annual general meeting

Notice was given that the 44th annual general meeting of shareholders of Rainbow Chicken Ltd will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Friday, 30 July 2010 at 9:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
25 May 2010 17:41:37
(C)
Revenue rose to R7 billion (R6.8 billion) and operating profit increased to R519.7 million (R423.8 million). Net attributable profit increased to R355.5 million (R317.5 million). In addition, headline earnings per share grew to 120.4cps (109.6cps).



Dividend

A final ordinary dividend of 48cps has been declared.



Prospects

Maize and soya prices are likely to remain at the lower levels with excellent crops expected locally and in Argentina. The exchange rate is expected to remain volatile, while feed prices are expected to decline but remain higher than historical levels. Chicken realisations are also expected to remain under pressure as a result of sluggish domestic demand, additional local production capacity and the current higher levels of imports. Energy rate cost increases, driven largely by oil and the approved electricity rate increase, are not expected to be fully recovered in chicken realisations.
26 Mar 2010 17:06:54
(Official Notice)
Jan Durand, the Chief Investment Officer of Remgro Ltd, has been appointed as a non-executive director to the board of Rainbow Chicken Ltd with effect from 26 March 2010.
19 Nov 2009 17:36:42
(C)
Revenue increased from R3 326 million to R3 360 million in 2009. Operating profit increased to R248.6 million (2008:R174.7 million). Profit attributable to ordinary shareholders increased to R173.4 million (R125.3 million). Headline earnings on a per share basis increased to 58.20cps (43.30cps).



Dividends per share

An interim dividend of 28.0 cps in respect of the six months ended 30 September 2009 (2008:24.0cps) was declared for the period under review.



Prospects

Maize prices are likely to remain at the lower levels but will be dependent on weather conditions and the extent of planting locally. Soya prices are likely to remain volatile due to the lower crop expectation and threat of further strikes in Argentina as well as the continued exchange rate volatility. By virtue of Rainbow's forward procurement policy, feed prices are only expected to decline in the second six months of the financial year, however, tough conditions in the external feed market are expected to continue. Considering the economic recession and job loss statistics, consumer spending is expected to remain under pressure, translating into softer demand and continued depressed chicken realisations.
13 Nov 2009 16:02:58
(Official Notice)
Rainbow's results for the six months ended 30 September 2009 will be released on SENS on Thursday, 19 November 2009. Shareholders are advised that reported earnings, headline earnings, earnings per share and headline earnings per share for the six months to September 2009 are likely to be 30% - 40% higher than that of the corresponding reporting period of the previous year.



This trading statement is issued in compliance with the JSE Ltd listings requirements.
01 Sep 2009 13:25:47
(Official Notice)
Nkateko Peter Mageza has been appointed as an independent non-executive director to the board of Rainbow Chicken Ltd with effect from 1 September 2009.
31 Jul 2009 12:27:10
(Official Notice)
At the 43rd annual general meeting of the shareholders of Rainbow held on Friday, 31 July 2009, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
02 Jul 2009 15:49:54
(Official Notice)
With regard to the audited results for the year ended 31 March 2009, shareholders are advised that the annual financial statements have been distributed to shareholders on 1 July 2009 and contain no modifications to the audited results which were published on SENS on 9 June 2009.



Notice of the annual general meeting

Notice was given that the 43rd annual general meeting of shareholders of Rainbow Chicken Limited will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Friday, 31 July 2009 at 9:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
09 Jun 2009 17:32:10
(C)
The group's results for the twelve months ended 31 March 2009 reflect a headline earnings decline of 39.6%, however excluding the unrealised losses on financial instruments used in the feed raw material procurement strategy, the decline moderates to 14.8%. The board declared a final dividend of 44.0c per ordinary share in respect of the twelve months ended 31 March 2009.



Prospects

Considering the global economic recession and its spill-over impact locally, consumer spending is expected to remain under pressure. Maize prices are likely to remain volatile but at lower levels and continue to trade around export parity. Soya prices are likely to remain under pressure due to lower anticipated crops, the threat of further strikes in Argentina and the continued exchange rate volatility. By virtue of Rainbow's forward procurement policy, feed prices are only expected to be meaningfully lower in the second six months of the 2010 financial year. The lower anticipated feed prices and benefit of the unrealised procurement losses booked in 2009 are likely to have a favourable impact on earnings for the 2010 year.
05 May 2009 17:20:14
(Official Notice)
Rainbow's results for the year ending 31 March 2009 will be released on Tuesday, 9 June 2009.



Shareholders are advised that reported earnings, headline earnings, earnings per share and headline earnings per share for the year to March 2009 are likely to be 35% - 45% lower than the corresponding reporting period of the previous year.
17 Apr 2009 14:31:41
(Media Comment)
Finweek reported that Rainbow will continue to benefit from the multitude of families that are continuing to join the ranks of South Africa's middle class. This is because more and more households at the mass end of the market continue to demand and consume chicken as their first choice of meat. In addition, while the number of clientele consuming its products has increased, the company's input costs have decreased significantly over the past twelve months.
21 Nov 2008 13:38:21
(Official Notice)
Dawid Gideon Zwiegelaar has resigned as a non-executive director of the company with effect from 19 November 2008 due to retirement.



Pieter Rudolf Louw has been appointed as a non-executive director of the Company with effect from 1 December 2008.



Roy Vaughan Smither has been appointed as an independent non-executive director of the Company with effect from 1 December 2008.
21 Nov 2008 09:49:35
(Media Comment)
Rainbow aimed to make frozen poultry bigger than fish in supermarkets, according to Business Report. The company also said that its branding strategy was starting to catch on.
19 Nov 2008 17:29:07
(C)
Headline earnings decreased by 39.6% to R125.8 million (R208.3 million) with diluted headline earnings per share reducing by 39.1% to 43.3cps (71.1cps). Cash generated by operations decreased by 33.0% to R166.6 million (R248.7 million) by virtue of the lower trading results and increased working capital investment. Inventories and receivables have been impacted by the higher feed costs, however, underlying days' cover is marginally improved on the previous year.



Dividend

The board declared an interim dividend of 24.0cps.



Prospects

Consumer spending is expected to continue to soften over the next six months as a consequence of the higher inflation and interest rate environment. Maize and soya prices and the exchange rate are likely to remain volatile over the next few months. Prices are expected to remain at the current higher levels translating into significantly higher feed input costs than the 2008 financial year. Other inflationary and supply pressures are likely to continue. As in the period to date, sales realisations are unlikely to fully recover all the anticipated production cost increases. As a result earnings for the full year are likely to be lower than 2008.
17 Oct 2008 11:52:37
(Official Notice)
Shareholders are advised that reported earnings, headline earnings, earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months to September 2008 are likely to be 35% - 40% lower than the corresponding reporting period of the previous year. As previously noted, reporting the financial effects of certain financial instruments used in the feed raw material procurement strategy introduces volatility to the group's financial results. These financial instruments are accounted for in terms of IAS 39 (Financial Instruments: Recognition and Measurement). On a pre IAS 39 basis, earnings, headline earnings, EPS and HEPS for the six months to September 2008 are likely to be 25% - 30% lower than the corresponding reporting period of the previous year.
01 Aug 2008 13:32:50
(Official Notice)
At the 42nd annual general meeting of the shareholders of Rainbow held on Thursday, 31 July 2008 the requisite majority of shareholders approved all the ordinary resolutions proposed at the meeting.
21 May 2008 17:19:09
(C)
Revenue was up 25.9% to R6 billion (R4.7 billion) for the year to 31 March 2008. Operating profit rose 19.2% to R780 million (R654.1 million) and net profit for the year attributable to ordinary shareholders increased to R539 million (R474.2 million). In addition, headline earnings per share increased 7.8% to 182.8cps (169.5cps).



Dividend

A final ordinary dividend of 44cps (48cps) has been declared for the period under review.



Prospects

Consumer spending is expected to soften over the next six months as a consequence of the higher inflation and interest rate environment. Maize and soya prices are likely to remain at the current higher levels translating into significantly higher feed input costs than the 2008 financial year. Other costs like fuel, gas, coal, electricity and packaging have also been significantly impacted by inflationary and supply pressures. As in 2008, sales realisations are unlikely to fully recover all the anticipated production cost pressures. As a result earnings for the 2009 financial year on a pre-and post-IAS39 basis are likely to be lower than 2008. In light of the above and the difficult trading environment anticipated for the year ahead, the board has decided to maintain the current year dividend at the prior year level.
18 Mar 2008 17:35:15
(Official Notice)
Shareholders are advised that, at the general meeting of Rainbow shareholders held at the registered office of the company, all the resolutions as set out in the notice of general meeting which was incorporated in the circular to Rainbow shareholders dated 25 February 2008, were passed by the requisite majority of shareholders present or represented by proxy.
20 Feb 2008 17:03:38
(Official Notice)
Rainbow announced that it proposes introducing a strategic BEE shareholding into Rainbow ("the BEE transaction"). The BEE transaction will result in 15% of Rainbow's entire issued share capital being owned by the BEE partners, equivalent to R915.6 million.



Conditions precedent

The implementation of the BEE transaction is subject to fulfilment of the condition precedent that the requisite majority of Rainbow shareholders vote in favour of all the resolutions necessary to implement the BEE transaction.



Further documentation

A circular, containing full details of the BEE transaction, will be posted to Rainbow shareholders on 25 February 2008. The general meeting will be held at 16:00 on 18 March 2008 and the proposed BEE transaction will be implemented after the payment of any dividends to Rainbow shareholders for the financial year ended 31 March 2008.



Salient dates and times

The salient dates and times are:

*Circular posted to Rainbow shareholders on Monday, 25 February 2008

*Last day to lodge forms of proxy (in respect of general meeting of Rainbow shareholders) by 16:00 on Friday, 14 March 2008

*General meeting of Rainbow shareholders to be held at 16:00 on Tuesday, 18 March 2008

*Results of general meeting published on SENS on Tuesday, 18 March 2008

The above dates and times are subject to change.



Withdrawal of cautionary

Given that full details of the proposed BEE transaction have now been provided to the market, caution is no longer required to be exercised by shareholders when dealing in their Rainbow securities.
26 Jul 2006 17:02:09
(Official Notice)
At Rainbow's annual general meeting of the shareholders held on 25th July 2006, all the resolutions were passed without amendment other than Item 3 regarding the control of the authorised but unissued shares in the capital of the company remaining under the control of the directors. This resolution was passed in an amended form which limits the percentage of shares which remain under the control of the directors to 10% of the authorised but unissued shares in the capital of the company.
30 Jun 2006 15:21:13
(Official Notice)
With regard to the abridged audited group results for the year ended 31 March 2006, shareholders are advised that the annual financial statements have been distributed to shareholders today, 30 June 2006 and contain no modifications to the abridged audited group results which were published on SENS on 24 May 2006. The 40th annual general meeting of shareholders will be held at Rainbow Regional Office, P2, Hammarsdale on 25 July 2006
24 May 2006 17:38:02
(C)
22 Feb 2006 15:54:22
(Official Notice)
Rainbow's results for the year ending 31 March 2006 will be released on Wednesday, 24 May 2006. Rainbow's good trading performance for the interim period to September 2005 has continued into the second six months. As such shareholders are advised that headline earnings and headline earnings per share for the year are likely to be 80% - 100% higher than the previous year. Earnings and earnings per share are likely to be 65% - 85% higher than the previous year.
17 Nov 2005 12:48:02
(Official Notice)
Mr Wilhelm Emil Buhrmann has resigned as a non-executive director from the board of Rainbow, with effect from 17 November 2005. Mr Dawid Gideon Zwiegelaar has been appointed as a non-executive director to the board of Rainbow, with effect from 17 November 2005.
16 Nov 2005 17:43:15
(C)
The macro economic environment remained positive during the period under review with further tax relief afforded by the fiscus, low inflation and stable interest rates all contributing to increased consumer spending. Rainbow's performance was principally achieved through sustained chicken price realisations, improved supply chain efficiencies, Vector's contribution and the feed raw material procurement strategy delivering lower feed input costs. Turnover decreased by 3.2% to R1 915.2 million (R1 978.2 million) while headline earnings increased by 83.9% to 55.1cps (30.0cps). The board declared an interim dividend of 17.0 cps (9.5cps) in respect of the six months ended 30 September 2005.



Prospects

Consumer spending is expected to remain positive over the next six months. Despite the negative impact of the feed contamination issue suffered during the second half of last year, earnings growth for the full year is likely to be lower than the first six months growth. A negative earnings contribution of approximately R30 million is expected from the new Further Processing Plant due to it only being commissioned midway through the 2006 financial year. The investment and operational cost structure will exceed the product contributions during the phased launch period. Further to this, as mentioned in the recent trading statement, Vector's contribution will be lower in the second six months without the YUM! (KFC) volumes.
07 Sep 2005 12:15:00
(Official Notice)
Rainbow`s results for the six months ending 30 September 2005 will be released on Wednesday, 16 November 2005. Prior to the release of these interim results, a separate announcement will be issued regarding the impact of the transition to International Financial Reporting Standards (`IFRS`). This trading statement does not take into account any IFRS transition adjustments and is based on current financial reporting under South African Statements of Generally Accepted Accounting Practice.



Shareholders are advised that headline earnings and headline earnings per share for the six months to September 2005, before taking IFRS transition adjustments into account, are likely to be 65% - 85% higher than the corresponding reporting period of the previous year. Earnings and earnings per share are likely to be 55% - 75% higher than the corresponding period of the previous year. Despite the negative impact of the feed contamination issue experienced in the latter part of the last financial year, earnings growth for the full year is likely to be lower than the first six month`s growth. This is as a result of the initial negative earnings contribution from the new further processing plant which will be commissioned during October and Vector`s loss of the YUM! (KFC) distribution contract. These material impacts were mentioned in the prospects section of the 2005 annual report.

21 Jul 2005 10:43:36
(Media Comment)
Rainbow`s chief executive Miles Dally`s remuneration package for the year ending March 2005 increased to R4.2m. Business Day reported that although the group`s headline earnings dropped 6.3%, Dally`s package rose 58%.
19 Jul 2005 12:50:04
(Official Notice)
At the annual general meeting of the shareholders of Rainbow held on 19 July 2005 the requisite majority of shareholders approved all the ordinary resolutions proposed at the meeting.
01 Jul 2005 12:06:12
(Media Comment)
Thys Visser, chairman of Rainbow, told Business Day that the group expects to achieve a positive growth in earnings for the period to March 05.
28 Jun 2005 14:22:47
(Official Notice)
With regard to the abridged audited group results for the year ended 31 March 2005, shareholders are advised that the annual financial statements have been distributed to shareholders on 28 June 2005 and contain no modifications to the abridged audited group results which were published on SENS on 19 May 2005. The annual general meeting of shareholders will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on 19 July 2005 at 09h00.
24-Oct-2017
(X)
RCL Foods Ltd. ("RCL FOODS") is a leading African food producer in South Africa manufacturing a wide range of branded and private label food products which are distributed through its own route to market supply chain specialist, Vector. RCL FOODS' ambition is to build a profitable business of scale by creating food brands that matter.
10 Aug 1999 00:00:00
(Official Notice)
A 5:1 share consolidation occurred on 10 Aug 99. Historical figures have been adjusted.


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