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13-Nov-2018
(Official Notice)
Shareholders are hereby advised that the results of the voting at general meeting of the Company held 10h00 today, 13 November 2018, at 342 The Rand Street, Lynwood, Pretoria ("GM").
07-Nov-2018
(Official Notice)
Notwithstanding the SENS announcement on 18 September 2018, Francois Marais has decided to retire as Chief Executive Officer of the company with immediate effect. Francois experienced a family bereavement during the course of the year and as a result requested the board to expedite his retirement. The board resolved to accelerate the succession plan as outlined in the SENS of 18 September and has appointed Dirk Engelbrecht as Chief Executive Officer with immediate effect.



Francois has been appointed as the non-executive chairman of the board of directors with immediate effect. Dr Philip Snyman, the current chairman will remain as an independent non-executive director and Francois will be supported by the lead independent non- executive director, Allan Wentzel.
15-Oct-2018
(Official Notice)
Shareholders of the Company (?Shareholders?) are hereby advised that the Company has dispatched a circular today, 15 October 2018, setting out the details of a share repurchase (?Circular?), which circular includes a notice of general meeting of the Company (?GM?). The Circular will also be available on the Company?s website, at www.safari-investments.com as from today, 15 October 2018.



Notice of GM

Notice is hereby given that the GM will be held at 10:00 on Tuesday, 13 November 2018 at 342 The Rand Street, Lynnwood to transact the business as set out in the notice of GM which forms part of the Circular. The date on which Shareholders must be recorded as such in the share register of the Company to be eligible to vote at the GM is Friday, 2 November 2018, with the last day to trade being Tuesday, 30 October 2018.
02-Oct-2018
(Official Notice)
Nkomo Village is the third retail centre being developed by Safari in the Atteridgeville area. The completion of this new community centre with a gross built area of almost 24 800 square meters is a mere 50 days away. Construction is on-track and the opening is scheduled for 22 November 2018. The centre is already more than 90% let with several national tenants having already taken beneficial occupation. It is anchored by Pick ?n Pay and Boxer Superstore. Other key national tenants are Food Lover?s Market, The Gym Company, Builders Warehouse Superstore, Clicks, Jumbo Clothing, McDonalds and Chicken Licken.



The anticipated opening on 22 November 2018 is creating a festive vibe in the Atteridgeville area with eager excitement to experience a new, diverse and modern shopping experience. Safari would like to share the opening of the centre with its investor community, business partners and shareholders and invitations will follow in due course.
18-Sep-2018
(Official Notice)
Safari?s founder member Francois Marais has been serving as CEO since inception of the Company. His leadership and knowledge of the property industry has been a core driving force to successfully create and grow the property portfolio of Safari. Francois has indicated to the board, that he will be stepping down as CEO in the foreseeable future. The board is firmly of the view that strong executive leadership must remain in place to continue optimising value for all stakeholders of the Company and has consequently prepared a detailed succession plan which has been put in place to ensure a smooth transition of the role.



The board has identified an internal candidate, executive director Dirk Engelbrecht as CEO successor. Dirk has been working closely with Francois on a strategic management level and they have a strong working relationship. His grooming for the CEO role commenced 18 months ago and will continue intensively until formal hand over. In addition to his legal background and professional experience he has also been extensively involved in the development and implementation of the Company?s strategy through his involvement in property development, the due diligence and negotiation of acquisitions, capital raising processes, BBBEE transacting and property management within the Safari group. The board is confident that Dirk has the required skills and competencies to ensure continual strong executive leadership and to take Safari to the next level in line with its strategy.



In compliance with paragraph 3.59 of the JSE Listings Requirements Safari hereby announces the timeframe of its CEO succession plan:

*Dirk will be appointed Deputy CEO effective 1 January 2019.

*To ensure a smooth transition Francois will remain in his position as CEO until 2020 while Dirk will continue to work closely with Francois and the rest of the board of Safari.

*Once Francois retires from his responsibilities as CEO during the first quarter of 2021, Dirk will officially assume the position of CEO and Francois will subsequently be appointed non-executive Chairman of the Company.



The board is positive that the succession plan will uphold the Company?s legacy of success. Shareholders are advised that detailed SENS announcements will be released to this effect as and when the changes are implemented.
10-Sep-2018
(Official Notice)
06-Sep-2018
(Official Notice)
Shareholders are advised that the Company has inadvertently repurchased 49 600 shares at a price of R5.90 for a total consideration of R292 640 through the order book of the JSE Ltd. (?JSE?) on 13 August 2018 (?the Repurchase?).



Post the conclusion of the Repurchase, the Company identified that it had erroneously effected the Repurchase without the necessary approval of Safari shareholders as required in terms of the Listings Requirements of the JSE Ltd. and the Company?s memorandum of incorporation.



The Company will cancel the shares acquired by the Repurchase as soon as is practicably possible.



After consultation with the JSE, the Company will be seeking approval from Safari shareholders to ratify the Repurchase. In addition, the Company will request shareholders to approve a general authority to repurchase shares within the parameters set out by the JSE.



Pro forma financial effects

Given the size of the Repurchase, the pro forma financial effects of the Repurchase are immaterial. Post the approval of the Repurchase the Company will cancel the 49 600 shares, the consequence being that the Company?s issued share capital will decrease from 311 185 616 to 311 136 016.



Circular and notice of GM

A circular containing the full details of the Proposed Transaction, incorporating a notice convening the required general meeting of the shareholders of the Company, will be distributed to shareholders in due course, at which time the salient dates and times of the Proposed Transaction, including the date of the general meeting, will be announced on SENS.
01-Aug-2018
(Official Notice)
Shareholders are hereby advised that the results of the voting at the annual general meeting of the company held 14h00 yesterday, 31 July 2018, at Menlyn Boutique Hotel, 209 Tugela Road, Ashlea Gardens, Pretoria (?AGM?) were all resolutions were passed.
23-Jul-2018
(Official Notice)
Notice was given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.safari-investments.com/assets/docs/Safari_Investments_Ltd_BEE_ Certificate_Property_Final.pdf.
27-Jun-2018
(C)
Revenue for the year increased to R248.6 million (2017: R205 million). Operating profit grew to R183.5 million (2017: R144.6 million). Profit for the year lowered to R131.3 million (2017: R155.9 million). Furthermore, headline earnings per share was 47 cents per share (2017: 43 cents per share).



Dividends

The distribution consisted of an interim cash dividend of 35 cents in December 2017 and a final cash dividend of 33 cents per share - the details of which were released on SENS on 26 June 2018.



Prospects

The development and extension as detailed above ensures that Safari will maintain its attractive portfolio growth. Above-inflation increases in utility cost and continued financial market volatility are expected to continue. The board is committed to maximising the rental income streams with the proactive letting strategy focused on national tenants, and minimising the operating expenditure. The board will focus on opportunities in order to achieve sustainable long-term, recurring distributable earnings. Any forecast in the results has not been reviewed or reported on by the independent external auditors and is the responsibility of the board.
26-Jun-2018
(Official Notice)
Shareholders are advised that the directors of Safari have approved and declared a final gross cash distribution of 33 cents per share for the period ended 31 March 2018 from income reserves. Shareholders will not be able to elect to reinvest the cash distribution in return for ordinary shares as previously allowed. The board took into consideration, among other things, the current gearing ratio and immediate cash requirements when making this decision. For future distributions, the reinvestment option will definitely be considered again based on circumstances at that point in time.



Salient dates and times

The following salient dates and times are applicable to the interim dividend:

*Last day to trade cum dividend distribution 10 July 2018

*Shares trade ex dividend distribution 11 July 2018

*Record date 13 July 2018

*Payment date 16 July 2018



Notes:

Shares may not be dematerialised or rematerialised between commencement of trade on 11 July 2018 and the close of trade on 13 July 2018.
03-May-2018
(Official Notice)
Safari is busy with the construction of its third retail centre in Atteridgeville. The shopping centre will be named Nkomo Village in honour of Dr WF Nkomo who made significant contributions to the social welfare of this community. Nkomo Village is a community shopping centre of 16 705 sqm gross lettable area situated on the northern side of Atteridgeville with easy access to the R104 (Dr WF Nkomo Street) and the old Pretoria / Hartbeespoort highway. The centre is already 90% let and will be co-anchored by Pick ?n Pay and Boxer Superstore. Other key national tenants are Foodlovers Market, The Gym Company, Builders Warehouse Superstore, Medizone, Jumbo Clothing, McDonalds and Chicken Licken. For many of these national tenants it will be their first exposure within the Atteridgeville area. The centre is scheduled to open on 22 November 2018.



For information on the development and outstanding lease space, shareholders should contact Erika@safari-retail.com or refer the Safari website ? www.safari-investments.com.
01-Mar-2018
(Official Notice)
Shareholders of the Company are hereby advised of the following appointments to the board, all of which are effective with immediate effect.



Ms. Lulu Letlape as independent non-executive director.



Mr. Chris Roberts as independent non-executive director.



Mr Dirk Engelbrecht as executive director.
20-Nov-2017
(C)
Revenue for the interim period increased to R121.7 million (2016: R91.9 million), operating profit jumped to R93.2 million (2016: R64.6 million), profit for the period fell to R7.5 million (2016: R29.6 million), while headline earnings per share plunged to 3.61 cents per share (2016: 16.14 cents per share).



Dividend

Shareholders are advised that the directors of Safari have approved and declared a gross cash distribution of 35 cents per share for the interim period ended 30 September 2017 from income reserves.



Shareholders will not be able to elect to reinvest the cash distribution in return for ordinary shares as usual. The board took into consideration, among other things, the current gearing ratio and immediate cash requirements when making this decision. For future distributions the reinvestment option will definitely be considered again based on circumstances at that point in time.



Prospects

The Board is committed to maximising the rental income streams with the proactive letting strategy focused on national tenants, and minimising the operating expenditure. The Board will focus on opportunities in order to achieve sustainable long-term, recurring distributable earnings. The recent capital raising settled a significant portion of debt resulting in a substantial saving on interest, and ensures that the Company minimises financial risk associated with high debt levels.
20-Nov-2017
(Official Notice)
Shareholders are advised that the directors of Safari have approved and declared a gross cash distribution of 35 cents per share for the interim period ended 30 September 2017 from income reserves.



Shareholders will not be able to elect to reinvest the cash distribution in return for ordinary shares as usual. The board took into consideration, among other things, the current gearing ratio and immediate cash requirements when making this decision. For future distributions the reinvestment option will definitely be considered again based on circumstances at that point in time.



Salient dates

The following salient dates and times are applicable to the interim dividend:

* Last day to trade cum dividend distribution : 5 December 2017

* Shares trade ex dividend distribution : 6 December 2017

* Record date : 8 December 2017

* Payment date : 11 December 2017
10-Nov-2017
(Official Notice)
Shareholders informed that Mr SJ Kruger has resigned as an alternate non- executive director with effect from 30 November 2017.
28-Aug-2017
(Official Notice)
Safari shareholders (?Shareholders?) are referred to the circular dated 19 June 2017 wherein various subscription agreements for a total subscription amount of R756.6 million were set out (?the Subscriptions?).



The company advised Shareholders that the conditions precedent to the Subscriptions have been fulfilled and the company has received the subscription amounts.



The issue was amongst others taken up by a new investor, Southern Palace Capital (?Southern Palace?), which thereby holds a 21% share in Safari. Safari is proud to be associated with this South African company and look forward to unlock synergies in the South African real estate sector. Southern Palace is a wholly black owned and managed South African, diversified operating industrial company established in 2002 with interests in numerous well-established businesses. Southern Palace has built up a track record of successful investment transactions. It has presence in steel products manufacturing and recycling, automotive trading and manufacturing, real estate and technology and telecommunications.



At conclusion of the share issue, and after taking into account a scrip dividend and share issue to SA Corporate Real Estate under the company?s general authority in July 2017, the total issued Safari shares are 311 185 616. The net asset value, at share issue value, is R2 365 billion and the gearing ratio of the company decreases to 8%. Through these transactions, Safari also anticipates improved liquidity of its share and is cognisant that effective management of its debt level is now key. The additional funds will enable the company to unlock further portfolio value and to grow its assets. Safari?s strong emphasis on quality assets and sustainable income streams will remain in delivering its pipeline of projects.
02-Aug-2017
(Official Notice)
Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the annual general meeting of Safari held on 14h00, 2 August 2017 at Menlyn Boutique Hotel, 209 Tugela Road, Ashlea Gardens, Pretoria were passed by the requisite majority.

07-Jul-2017
(Official Notice)
The board of directors advise that all the ordinary resolutions and special resolutions as set out in the notice of the general meeting, were passed by a majority of shareholder votes at the general meeting held today, 7 July 2017, at Menlyn Boutique Hotel, Pretoria.
04-Jul-2017
(Official Notice)
Safari shareholders (?Shareholders?) are advised that the Company has entered into a subscription agreement with SA Corporate Real Estate Ltd. (?SA Corporate?), whereby the Company has issued 20 000 000 ordinary shares to SA Corporate for a total cash amount of R152 million (?the Subscription?), in terms of the Company?s general authority to issue shares for cash, which was approved by shareholders at the Company?s annual general meeting which was held on 27 July 2016.



The Subscription has been executed at an issue price of R7.60 per share, which represents a premium of 9.76% to the Company?s 30 day volume weighted average traded price of R6.92 prior to the date of issue.



Rationale

The rationale for the Subscription and use of proceeds is in line with the rationale for the imminent specific issue of shares for cash amounting to R756 million as set out in the circular posted to Shareholders on 7 June 2017, which includes inter alia enabling Safari:

*to settle most of its existing bond debt, which was incurred

*to significantly expand Safari?s property portfolio in order

*to establish the properties as dominant in the market; and

*to continue further expansion of its property portfolio into existing and new markets.



Furthermore, Safari believes that:

*there is a common culture between itself and SA Corporate; and

*having SA Corporate as a shareholder will potentially result in synergies for both parties over the long term.



As a result of the Subscription, the Company has issued cumulatively 14.59% of the authorised share capital at the date of approval of the Company?s general authority to issue shares.



Disclosure of acquisition of securities

Shareholders are hereby advised that the Company has received formal notification in the prescribed form of the following movement in securities of the Company as a result of the Subscription:



SA Corporate has acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by SA Corporate amounts to 9.47% of the total issued share capital of the Company.

28-Jun-2017
(C)
Revenue for the year jumped to R205.0 million (R171.6 million) whilst operating profit grew to R144.6 million (R124.1 million). Profit for the year shot up to R155.9 million (R81.5 million). In addition, headline earnings per share lowered to 43 cents per share (47 cents per share ).



Distribution

A cash distribution of 34 cents per Safari share was approved based on a scrip dividend process where shareholders will have the option to reinvest their cash dividend for new Safari shares at an issue price of R7.60 per share.



Notice of Annual General Meeting

Shareholders are hereby advised that the integrated annual report was released today, which incorporates the notice of annual general meeting to be held at Menlyn Boutique Hotel, 209 Tugela Road, Ashlea Gardens, Pretoria on Wednesday, 2 August 2017 at 14h00. The integrated report will also be available on the company's website at www.safari-investments.com.



The date on which shareholders must be recorded as such in the share register for purposes of being entitled to attend and vote at this meeting is Friday, 28 July 2017 with the last day to trade being Tuesday, 25 July 2017.



Prospects

The development and extension as detailed above ensures that Safari will maintain its attractive portfolio growth. Above- inflation increases in utility cost and continued financial market volatility are expected to continue. The Board is committed to maximising the rental income streams with the proactive letting strategy focused on national tenants, and minimising the operating expenditure. The Board will focus on opportunities in order to achieve sustainable long-term, recurring distributable earnings.
19-Jun-2017
(Official Notice)
07-Jun-2017
(Official Notice)
Shareholders are referred to the detailed terms announcement released on SENS on 17 November 2016 wherein the company announced that it had entered into various subscription agreements for cash (?the Subscriptions?).



Shareholders are hereby advised that the JSE has formally approved the circular relating to the Subscriptions (?the Circular?) and that the Circular was distributed to shareholders today, 7 June 2017.



Notice of general meeting

Notice is hereby given that a general meeting of Safari shareholders will be held at 10:00 on Wednesday, 7 July 2017, at Menlyn Boutique Hotel, 209 Tugela Rd, Ashlea Gardens, Pretoria (?the General Meeting?), to consider and if deemed fit approve, the resolutions relating to the Subscriptions as contained in the notice of General Meeting which forms part of the Circular. The date on which shareholders must be recorded in the share register of the company for purposes of being entitled to attend and vote at the General Meeting is Friday, 30 June 2017, with the last day to trade being Tuesday, 27 June 2017. The Circular incorporating the notice of General Meeting is also available on the company?s website www.safari- investments.co.za and can be viewed at its offices at 420 Friesland Lane, Lynwood, Pretoria, during office hours.
15-Mar-2017
(Official Notice)
Shareholders are hereby informed that Mr JZ Engelbrecht has resigned from his position as Financial Director with effect from 1 April 2017. He will ensure a smooth handover of responsibilities and provide continual support, officially leaving the company at the end of May 2017. Mr Engelbrecht will continue to assist the Company on an on-going basis as a consultant to identify possible acquisition opportunities.



Safari announced the promotion and appointment to the board of Mr WL Venter as the new Executive Financial Director with effect from 1 April 2017.
08-Mar-2017
(Official Notice)
Shareholders are referred to the SENS announcements released on 19 October 2016 and 17 November 2016, wherein the Company advised that it had entered into various subscription agreements for the issue in aggregate of 102 381 576 ordinary shares for cash at a price of R7.60 for a total subscription amount of R778.1 million (?the Subscription?).



The largest party to the Subscription is Southern Palace Capital (Pty) Ltd. (?Southern Palace?), a subsidiary of Southern Palace Group of Companies (Pty) Ltd. In terms of the Subscription agreements, Southern Palace will subscribe for 66 million Safari shares at a price of R7.60 per share for a total amount of R501 600 000, subject to the fulfilment of various conditions precedent, being inter alia, the confirmation by Southern Palace in writing to the Company that it has secured the necessary funding.



Shareholders are hereby advised that Southern Palace is in the process of engaging with three financial institutions which are in the process of their respective internal funding approval processes.



A circular, including a notice convening the Safari General Meeting, detailing the terms of the Subscription as well as the action required of the Company's shareholders will be posted to shareholders once the Company is satisfied that the abovementioned funding facilities to Southern Palace have been approved.



Further announcements concerning the relevant dates, including the date of the Safari General Meeting, pertaining to the Subscription will be released in due course.
15-Dec-2016
(Official Notice)
Shareholders are referred to the announcement published by the company on 12 December 2016 (?Announcement?) in terms of which shareholders were advised of the results for the cash distribution with the election to reinvest as well as a directors dealings announcement.



Further to the publication of the aforementioned SENS announcement shareholders are hereby advised that the directors dealing through Safarihold (Pty) Ltd. (?Safarihold?) was incorrectly stated.



12-Dec-2016
(Official Notice)
Shareholders are referred to the SENS announcement dated 15 November 2016 advising shareholders that Safari had declared a gross cash distribution of 32 cents per share with the election to reinvest the cash distribution in return for Safari shares in the ratio of 4.21053 new Safari shares for every 100 Safari shares held (?Share Alternative?).



Shareholders are hereby advised that the closing date for the Share Alternative was Friday, 9 December 2016. Accordingly, 1 755 416 new shares in Safari have been issued to shareholders that have elected to receive the Share Alternative. Share certificates in respect of the Share Alternative will be posted out to certificated shareholders on or about Wednesday, 14 December 2016, and EFT payments or cheques in respect of the cash dividend are in the process of being processed.



The CSDP / broker accounts of shareholders holding dematerialised shares will be credited on Wednesday, 14 December 2016, according to the elections made for the Share Alternative. The CSDP / broker accounts of shareholders will be credited today, 12 December 2016 for the cash dividend elections. An adjustment to the maximum number of Share Alternative shares listed will be made on or about Thursday, 15 December 2016.
17-Nov-2016
(C)
Revenue for the interim period increased to R91.9 million (2015: R80.9 million). Operating profit came in higher at R64.6 million (2015: R59.8 million). Profit for the period lowered to R29.6 million (2015: R48.2 million). Furthermore, headline earnings per share dropped to 16 cents per share (2015: 28 cents per share).



Dividends

The Board of Directors of Safari approved a gross cash distribution of 32 cents per ordinary share to be paid during December 2016, subject to adherence to the solvency and liquidity requirements as stated in the Companies Act (71 of 2008). Shareholders will be able to elect to reinvest the cash distribution in return for ordinary Safari shares.



Prospects

The Board is committed to maximising the rental income streams with the proactive letting strategy focused on national tenants, and minimising the operating expenditure. The Board will focus on opportunities in order to achieve sustainable long-term, recurring distributable earnings. The capital to be raised will be utilised to complete pipeline projects and reduce existing debt resulting in a significant saving on interest to ensure that the company minimises financial risk and limits the exposure associated with high debt levels.







17-Nov-2016
(Official Notice)
15-Nov-2016
(Official Notice)
19-Oct-2016
(Official Notice)
28-Jul-2016
(Official Notice)
Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the annual general meeting of Safari held on 14h00, 27 July 2016 at Irene Country Lodge, Nellmapius road, Irene, Pretoria were passed by the requisite majority.
12-Jul-2016
(Official Notice)
Shareholders of Safari are hereby advised that Mr JC Verwayen has resigned as an alternate non-executive director of the Company, with immediate effect.
27-Jun-2016
(Official Notice)
Shareholders are referred to the SENS announcement dated 31 May 2016, whereby shareholders were advised that Safari had declared a gross cash distribution of 32 cents per share with the election to reinvest the cash distribution in return for Safari shares in the ratio of 4.00 new Safari shares for every 100 Safari shares held (?Share Alternative?).



Shareholders are hereby advised that the closing date for the Share Alternative was Friday, 24 June 2016. Accordingly, the table below sets out the results of the distribution and the number of shareholders who have elected to receive the Share Alternative:



Number of Safari shares held and Number of new Safari shares to be issued

*Cash dividend -- 163 651 100; -

*Share Alternative election -- 18 531 219; 740 964

*Total -- 182 182 319; 740 964



Accordingly, 740 964 new shares in Safari have been issued to shareholders that have elected to receive the Share Alternative.



Share certificates in respect of the Share Alternative will be posted out to certificated shareholders on or about Wednesday, 29 June 2016, and EFT payments or cheques in respect of the cash dividend are in the process of being processed.



The CSDP / broker accounts of shareholders holding dematerialised shares will be credited on Wednesday, 29 June 2016, according to the elections made for the Share Alternative.



The CSDP / broker accounts of shareholders will be credited today, 27 June 2016 for the cash dividend elections.



An adjustment to the maximum number of Share Alternative shares listed will be made on or about Friday, 1 July 2016.
23-Jun-2016
(Media Comment)
Business Day reported that Safari Investments' portfolio had grown about 30% and the company is on course to reach its goal of R3.0 billion worth of property by the end of 2018. The group has increased its portfolio from 9 properties worth R1.7 billion to 19 properties worth R2.2 billion. The group's plans of expanding into Namibia are gaining momentum. The company is set to open the Platz am Meer Waterfront development in Swakopmund in Namibia in October of this year. This will be the company's first investment outside of South Africa.
22-Jun-2016
(C)
Revenue for the year rose to R171.6 million (R140.4 million) whilst operating profit grew to R124.1 million (R104.9 million). Profit for the year lowered to R81.5 million (R206.8 million). In addition, headline earnings per share decreased to 47cps (54cps).



Notice of Annual General Meeting

Shareholders are hereby advised that Safari?s integrated annual report will be dispatched to shareholders on 22 June 2016. Notice is hereby given that the annual general meeting (?AGM?) will be held at 14:00 on Wednesday, 27 July 2016, at Irene Country Lodge, Nellmapius Drive, Irene, Pretoria. In terms of section 59 (1) (a) and (b) of the Companies Act, the Board of the company has set the following record dates for the purpose of determining which shareholders are entitled to receive notice of the annual general meeting (being the date on which a shareholder must be registered in the company?s securities register) as Friday, 10 June 2016 and participate in and vote at the integrated annual general meeting as Friday,22 July 2016 with the last day to trade being Tuesday, 19 July 2016.



Prospects

The development and extension as detailed above ensures that Safari will maintain its attractive portfolio growth. Above-inflation increases in utility cost and continued financial market volatility are expected to continue. The Board is committed to maximising the rental income streams with the proactive letting strategy focused on national tenants, and minimising the operating expenditure. The Board will focus on opportunities in order to achieve sustainable long-term, recurring distributable earnings.
31-May-2016
(Official Notice)
01-Apr-2016
(Official Notice)
Shareholders are hereby advised that Mr Dirk Cornelius Engelbrecht has been appointed and will replace Safari Retail (Pty) Ltd. as the Company Secretary of the Company, with immediate effect.
01-Mar-2016
(Official Notice)
Shareholders are referred to the SENS announcement dated 15 February 2016, in terms of which it was announced that Dr MH Tsolo would resign as the independent non-executive chairman of the company with effect from 29 February 2016.



Shareholders of Safari are hereby advised that Dr JP Snyman, currently an independent non-executive director, has been appointed as chairman of the company with effect from 1 March 2016.

15-Feb-2016
(Official Notice)
Shareholders are advised of the resignation of Dr MH Tsolo as the independent non-executive chairman of the Company with effect from 29 February 2016 for health and personal reasons.
14-Dec-2015
(Official Notice)
Shareholders are referred to the SENS announcement dated 19 November 2015 whereby shareholders were advised that Safari had declared a gross cash distribution of 34 cents per share with the election to reinvest the cash distribution in return for Safari shares in the ratio of 3.88600 new Safari shares for every 100 Safari shares held (?Share Alternative?).



Shareholders are hereby advised that the closing date for the Share Alternative was Friday, 11 November 2015. Accordingly, 1 738 732 new shares in Safari have been issued to shareholders that have elected to receive the Share Alternative. Share certificates in respect of the Share Alternative will be posted out to certificated shareholders on or about Thursday, 17 December 2015, and EFT payments or cheques in respect of the cash dividend are in the process of being processed.
24-Nov-2015
(C)
Revenue for the period increased to R80.9 million (R70.5 million), while operating profit came in higher at R59.8 million (R55.1 million). Profit for the period increased to R48.2 million (R46.8 million). Headline earnings per share remained stable at 28cps (28cps).



Distribution

The board of directors of Safari approved a gross cash distribution of 34 cents per ordinary share to be paid during December 2015, subject to adherence to the solvency and liquidity requirements as stated in the Companies Act 71 of 2008. Shareholders will be able to elect to reinvest the cash distribution in return for ordinary Safari shares.



Prospects

The development and extension pipeline as detailed above ensures that Safari will maintain its attractive portfolio growth. Above-inflation increases in utility cost and continued financial market volatility are expected to continue. The board is committed to maximising the rental income streams with the proactive letting strategy focused on national tenants, and minimising the operating expenditure. The board will focus on opportunities in order to achieve sustainable long-term, recurring distributable earnings. Any forecast in the results has not been reviewed or reported on by the independent external auditors and is the responsibility of the board.
19-Nov-2015
(Official Notice)
05-Oct-2015
(Official Notice)
Shareholders are referred to the announcement published on SENS on Wednesday 2 September 2015 and the circular dated Tuesday, 15 September 2015 (?Circular?) relating to the Safari rights offer (?Rights Offer?). In terms of the Rights Offer, Safari offered 17 426 199 new Safari ordinary shares (?Rights Offer Shares?) to qualifying Safari ordinary shareholders in the ratio of 10 Rights Offer Shares for every 100 Safari ordinary shares held on the Rights Offer record date, being Friday, 18 September 2015. Shareholders also had the right to apply for any excess Rights Offer Shares not taken up by other shareholders, subject to such rights being transferable upon renunciation of the letters of allocation, and any such excess shares will be attributed equitably (?Excess Rights Offer Shares?).



The results of the Rights Offer, which closed on Friday, 2 October 2015, are as follows:

Number of Rights Offer Shares

*Rights Offer Shares available for subscription: 17 426 199

*Rights Offer Shares exercised by shareholders: 6 181 372

*Excess Rights Offer Shares to be allotted to shareholders: 225

*Total number of Rights Offer Shares exercised including Excess Rights Offer Shares: 6 181 597



Shareholders who have subscribed for Rights Offer Shares and applied for Excess Rights Offer Shares are referred to the section of the Circular titled ?Action Required by Shareholders? in connection with determining the date on which they will receive their Rights Offer Shares.
02-Sep-2015
(Official Notice)
06-Aug-2015
(Official Notice)
In terms of paragraph 3.91 of the JSE Listings Requirements, the Board of directors advise that all the ordinary resolutions including the special resolutions, other than ordinary resolution No.3 as set out in the notice of the AGM, were passed by a majority of shareholder votes at the AGM held yesterday at Waterkloof Ridge, Pretoria.



Altogether 82.13% of voteable shares, being 143 127 981 shares, were represented at the AGM.



Special Resolution No.3 requires registration with the Companies and Intellectual Property Commission.



Changes to the board of directors

In compliance with rule 3.59(c) of the Listings Requirements of the JSE Ltd., shareholders of the Company are hereby advised that the Board has taken a decision to reduce the board from ten members to eight and in this regard, to ensure continuity, Mr SJ Kruger and Mr JC Verwayen have agreed to remain as alternate directors to Mr FJJ Marais and Mr K Pashiou respectively. Accordingly, Mr SJ Kruger and Mr JC Verwayen are no longer non-executive directors of the Company.



Furthermore, given that ordinary resolution No.3 was not passed by shareholders, Dr PA Pienaar is no longer a director of the Company.
29-Jun-2015
(Official Notice)
Shareholders are referred to the SENS announcement dated 3 June 2015 whereby shareholders were advised that Safari had declared a gross cash distribution of 34 cents per share with the election to reinvest the cash distribution in return for Safari shares in the ratio of 4.10133 new Safari shares for every 100 Safari shares held (?Share Alternative?).



Shareholders are hereby advised that the closing date for the Share Alternative was Friday, 26 June 2015. Accordingly, the table below sets out the results of the distribution and the number of shareholders who have elected to receive the Share Alternative:

Number of Safari share held by shareholder - Number of new Safari shares to be issued:

*Cash dividend: 123 981 856 - 0

*Share Alternative election: 48 300 587 - 1 979 547

*Total: 172 282 443 - 1 979 547



Accordingly, 1 979 547 new shares in Safari have been issued to shareholders that have elected to receive the Share Alternative.



Share certificates in respect of the Share Alternative will be posted out to certificated shareholders on or about Wednesday, 1 July 2015, and EFT payments or cheques in respect of the cash dividend are in the process of being processed.



The CSDP / broker accounts of shareholders holding dematerialised shares will be credited on Wednesday, 1 July 2015, according to the elections made for the Share Alternative.



The CSDP / broker accounts of shareholders will be credited today, 29 June 2015 for the cash dividend elections.



An adjustment to the maximum number of Share Alternative shares listed will be made on or about Friday, 3 July 2015.
29-Jun-2015
(Official Notice)
Shareholders are referred to the SENS announcement dated 3 June 2015 whereby shareholders were advised that Safari had declared a gross cash distribution of 34 cents per share with the election to reinvest the cash distribution in return for Safari shares in the ratio of 4.10133 new Safari shares for every 100 Safari shares held (?Share Alternative?). Shareholders are hereby advised that the closing date for the Share Alternative was Friday, 26 June 2015. Accordingly, the table below sets out the results of the distribution and the number of shareholders who have elected to receive the Share Alternative:



Accordingly, 1 979 547 new shares in Safari have been issued to shareholders that have elected to receive the Share Alternative. Share certificates in respect of the Share Alternative will be posted out to certificated shareholders on or about Monday, 29 June 2015, and EFT payments or cheques in respect of the cash dividend are in the process of being processed.



The CSDP / broker accounts of shareholders holding dematerialised shares have been updated and are in process of being credited, according to the elections made. An adjustment to the maximum number of Share Alternative shares listed will be made on or about Wednesday, 1 July 2015.
24-Jun-2015
(C)
Revenue grew to R140.4 million (R119.6 million). Profit before investment revenue, fair value adjustments and finance costs jumped to R104.9 million (R78.9 million). Profit for the year shot up to R206.8 million (R122.2 million). In addition, headline earnings per share were higher at 54cps (30cps).



Distribution

The next distribution of 34 cents per share is due at the end of June 2015 as announced on SENS 3 on June 2015 and in line with the forecast set out in Annexure 7 of the Company's pre-listing statement.



Annual general meeting

Shareholders are hereby advised that Safari's annual report will be dispatched to shareholders on 24 June 2015. Notice is hereby given that the 2015 annual general meeting ("AGM") will be held at 14:00 on Wednesday, 5 August 2015, at Villa Sterne at 212 Johann Rissik Drive, Waterkloof Ridge, Pretoria. In terms of section 59(1)(a) and (b) of the Companies Act, the board of the Company has set the following record dates for the purpose of determining which shareholders are entitled to receive notice of the AGM (being the date on which a shareholder must be registered in the Company?s securities register in order to receive notice of the AGM) as Friday, 19 June 2015 and participate in and vote at the AGM (being the date on which a shareholder must be registered in the Company?s securities register in order to participate in and vote at the AGM) as Friday, 31 July 2015, with the last day to trade being Friday, 24 July 2015.
03-Jun-2015
(Official Notice)
11-Mar-2015
(Official Notice)
Shareholders are hereby advised that Safari?s head office has changed to the following new address:

Physical address and postal address: 420 Friesland Lane, Lynnwood, Pretoria 0081



Telephone number: 012 365 1881

Fax number: 012 365 3701



A change in the registered address of the Company to the above physical address has been registered with the Companies and Intellectual Property Commission.
02-Mar-2015
(Official Notice)
Shareholders of the Company were advised of the following changes to the board:

* Mr PA Pienaar, has stepped down as a member of the Company?s executive committee with effect from 1 March 2015 but will remain on the board as a non-executive director of the Company;

* With effect from 1 March 2015, the status of Mr M Minnaar and Mr JP Snyman, who are currently non-executive directors of the Company has changed to independent non- executive directors of the Company.
26-Feb-2015
(Official Notice)
Shareholders of the Company are hereby advised that Mr Daan van Straten has resigned as the Financial Director of the Company with effect from 26 February 2015 and that Mr Zach Engelbrecht has been appointed as the new Financial Director of the Company, with effect from the same date.

08-Dec-2014
(Official Notice)
Results Announcement For The Cash Distribution With The Election To Reinvest



Shareholders are referred to the SENS announcement dated 7 November 2014 whereby shareholders were advised that Safari had declared a gross cash distribution of 34 cents per share with the election to reinvest the cash distribution in return for Safari shares in the ratio of 4.25 new Safari shares for every 100 Safari shares held (?Share Alternative?).



Shareholders are hereby advised that the closing date for the Share Alternative was Friday, 5 December 2014. Accordingly, the table below sets out the results of the distribution and the number of shareholders who have elected to receive the Share Alternative:



Number of Safari shares held Number of new Safari shares by shareholders and to be issued

Cash dividend: 115 806 853 - 0 -

Share Alternative election: 54 193 147 - 2 282 443

Total: 170 000 000 - 2 282 443



Accordingly, 2 282 443 new shares in Safari have been issued to shareholders that have elected to receive the Share Alternative.



Share certificates in respect of the Share Alternative will be posted out to certificated shareholders on or about Monday, 8 December 2014, and EFT payments or cheques in respect of the cash dividend are in the process of being processed.



The CSDP / broker accounts of shareholders holding dematerialised shares have been updated and are in process of being credited, according to the elections made.



An adjustment to the maximum number of Share Alternative shares listed will be made on or about Wednesday, 10 December 2014.

07-Nov-2014
(Official Notice)
29-Oct-2014
(C)
Safari released maiden interim results. Revenue came in at R70.5 million, profit for the period was R46.8 million, while headline earnings per share was 28cps.



Distribution

The Board of directors of Safari approved a gross cash distribution of 34 cents per ordinary share to be paid during December 2014, subject to adhering to the solvency and liquidity requirements as stated in the Companies Act 71 of 2008. Shareholders will be able to elect to re-invest the cash distribution in return for ordinary shares.



A circular providing detailed information, in respect of the cash distribution and the reinvestment alternative, will be distributed to all Safari shareholders on 7 November 2014 and the relevant details will be announced on SENS.



Prospects

The development and extension pipeline as detailed above ensures that Safari will maintain its attractive portfolio growth. Above-inflation increase in utility. cost and continued financial market volatility are expected to continue. The Board is committed to maximising the rental income streams with the proactive letting strategy focused on national tenants and minimising the operating expenditure. The Board will focus on opportunities in order to achieve sustainable long-term, recurring distributable earnings. Any forecast in the results has not been reviewed or reported on by the independent external auditors and is the responsibility of the Board.
23-Oct-2014
(Official Notice)
Shareholders are referred to the interim financial results published by Safari for the six months ended 30 September 2013 in its pre-listing statement dated 28 March 2014.



Shareholders are hereby advised that a reasonable degree of certainty exists that for the six months period ended 30 September 2014:

* basic and diluted earnings per share will be between 27 and 29 cents, or between 42.1% and 52.6% higher than the 19 cents reported for the six months ended 30 September 2013; and

* basic and diluted headline earnings per share will be between 27 and 29 cents, or between 8.0% and 16.0% higher than the 25 cents reported for the six months ended 30 September 2013.



The increase is due to the inclusion of rental income of the newly obtained Heidelberg Shopping Centre from February 2014. Finance cost decreased with 85% as a result of the settled bond shortly after Safari's listing on the JSE Ltd. on 7 April 2014. Earnings was also influenced by the completion of all major repairs and revampings at the existing shopping centres in the 2014 financial year. The financial results for the six months ended 30 September 2014 are expected to be published on or about 29 October 2014.
30-Jul-2014
(Official Notice)
Shareholders are advised that the requisite majority of shareholders, present in person or by proxy, approved all the ordinary and special resolutions tabled at the Company's annual general meeting held on 30 July 2014.
27-Jun-2014
(C)
Safari released maiden final results. Revenue came in at R119.6 million, profit for the year was R122.2 million, while headline earnings per share was 30cps.



Declaration of interim interest distribution

Notice is given that a gross interim distribution of 20cps has been declared and approved by the board, payable to shareholders recorded in the register of the Company on Friday, 18 July 2014.



Annual general meeting

The 2014 annual general meeting will be held at 14:00 on Wednesday, 30 July 2014, at Irene Country Estate at 391 Nelmapius Drive, Irene, Pretoria. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Friday, 25 July 2014, with the last day to trade being Friday, 18 July 2014.
26-Jun-2014
(Official Notice)
Shareholders are referred to the forecast published by Safari for the year ending 31 March 2014 ("the Profit Forecast") in its pre- listing statement dated 28 March 2014. Shareholders are advised that a reasonable degree of certainty exists that the Company will report headline earnings per share of 30 cents for the year ended 31 March 2014, as opposed to the headline earnings per share of 79.50 cents published in the Profit Forecast, as a result of deferred tax liabilities reversed by the Company. This was a result of the Company's REIT status. Furthermore, the basic and diluted earning per share for the year ended 31 March 2014 will be 129 cents, as opposed to the basic and diluted earning per share of 79,50 cents published in the Profit Forecast, also as a result of reversed deferred tax liabilities. The financial results for the year ended 31 March 2014 are expected to be published on or about 27 June 2014.
07-Dec-2016
(X)
Safari is a property investment company listed on the JSE as a Real Estate Investment Trust (?REIT?) that specialises in quality investments. Built on a well-established business model with a history of success, the company has managed to establish a sought-after retail portfolio over many years.o were developed by Safari Developments.



The company strives to astutely manage risks and challenges in the current economic climate and will not deviate from its long-term view on investment. Safari and its directors place strong emphasis on good corporate governance and adhere strictly to the requirements for South African REITs.



The main focus area of acquisition and investment is high income-generating property assets in strategic locations. This includes selective investments in vacant land with development potential, as well as making good use of opportunities to continuously grow and unlock the value of existing assets in highgrowth areas. The company is the ideal platform for property investors with a long-term investment goal to acquire a share in quality assets.


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