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28-Sep-2017
(Official Notice)
Sephaku would like to inform its shareholders that the company will be participating at the RMB Morgan Stanley OFF PISTE conference on 28 and 29 September 2017 in Cape Town and has uploaded the investor presentation on the website ? www.sephakuholdings.com . The presentation provides a summary of the group?s performance which encompasses Sephaku, M?tier Mixed Concrete (Pty) Ltd. (?M?tier?) and Dangote Cement SA (Pty) Ltd. (?CEMENT?) for the past financial year and includes updates on the operational performance.



CEMENT implemented a weighted average price increase of 2% in August and the prices have sustained in most markets. Sephaku through its 100% owned subsidiary, Sephaku Investment Holdings (Pty) Ltd., is engaging with key stakeholders for a mining permit for a joint venture aggregates project which is targeted to secure the supply of aggregates to M?tier operations in the foreseeable future.
21-Sep-2017
(Official Notice)
Shareholders are advised that at the AGM of SepHold shareholders held on Thursday, 21 September 2017, all the ordinary and special resolutions proposed thereat, were approved by the requisite majority of votes.



18-Sep-2017
(Official Notice)
23-Aug-2017
(Official Notice)
Shareholders are advised that:

? the Company?s Integrated Annual Review and Annual Financial Statements (collectively ?the Annual Report?) in respect of the year ended 31 March 2017 are available on the Company?s website (www.sephakuholdings.com); and

? a Letter to Shareholders containing, inter alia, the summarised audited financial results for the year ended 31 March 2017 and the notice of the annual general meeting has, today, been distributed to shareholders and is also available on the Company?s website (www.sephakuholdings.com).

The audited annual financial statements contain no modifications to the provisional financial results for the year ended 31 March 2017, which were released on SENS on 30 June 2017.



Notice of the Annual General Meeting

The Annual General Meeting (?AGM?) of shareholders will be held at the Oval conference room, Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion on Thursday, 21 September 2017 at 11:00 to transact the business as set out in the notice.



Review of the CEMENT loan repayment profile

The Company advised that the review of the Dangote Cement SA (Pty) Ltd. (?CEMENT? or ?the associate?) loan repayment profile by the lenders to eliminate the pressure on the debt service ratio covenant is close to a satisfactory conclusion. The revised payment profile should be concluded by the end of August rather than 31 July as previously disclosed. The month delay has essentially been due to a lag in the administrative processes and completion of legal agreements. The Company will provide a detailed announcement as soon as the agreement is finalised.
30-Jun-2017
(C)
Revenue for the year came in at R840 million (2016: R874.3 million), gross profit was R356.3 million (2016: R364 million), operating profit was higher at R84.7 million (2016: R84.2 million), while total comprehensive income attributable to equity holders of the parent rose to R68.1 million (2016: R60.4 million). Furthermore, headline earnings per share grew to 33.37 cents per share (2016: 29.84 cents per share).



Results presentation

A results presentation will be hosted at the Johannesburg Stock Exchange and simultaneously webcast on Friday, 30 June 2017 at 1030hs. The results presentation can be downloaded from the Company website www.sephakuholdings.com.
10-Nov-2016
(C)
Revenue for the interim period lowered to R447.9 million (R461.4 million) and gross profit decreased to R180.6 million (R187.3 million). Operating profit fell to R47.7 million (R51.5 million). Total comprehensive income for the period grew to R25.2 million (R18.5 million). Furthermore, headline earnings per share rose to 12.36cps (9.12cps).



28-Oct-2016
(Official Notice)
SepHold is in the process of finalising its interim results for the six month period ended 30 September 2016, which will be released on SENS on or about 10 November 2016 and published in the press on or about 11 November 2015 (?interim results announcement?).



Accordingly, shareholders are advised that, for the six months ended 30 September 2016:

*earnings per share (?EPS?) of the Company is expected to be between 11,57 and 13,41 cents per share (2015: 9,20 cents per share), being an increase of between 26% and 46% from the EPS reported for the six months ended 30 September 2015; and

*headline earnings per share (?HEPS?) of the Company is expected to be between 11,45 and 13,27 cents per share (2015: 9,12 cents per share), being an increase of between 26% and 46% from the HEPS reported for the six months ended 30 September 2015.



The financial information on which this trading statement is based has not been reviewed or reported on by the Company?s auditors.
23-Sep-2016
(Official Notice)
The company notified shareholders that all resolutions set out in the notice of annual general meeting were passed at the annual general meeting (?AGM?) held on 22 September 2016. The number of ordinary shares voted was 102 340 873, constituting 50.42% of the total number of shares in issue.



Retirement of Mr. MG Mahlare

Shareholders are referred to the announcement released by the company on SENS on 18 August 2016 in terms of which the company advised, inter alia, that Mr. MG Mahlare would retire at the AGM.
24-Aug-2016
(Official Notice)
Shareholders are advised that:

* the company?s Integrated Annual Review and Annual Financial Statements (collectively ?the Annual Report?) in respect of the year ended 31 March 2016 are available on the company?s website (www.sephakuholdings.com); and

* a Letter to Shareholders containing, inter alia, the summarised audited financial results for the year ended 31 March 2016 and the notice of the annual general meeting has, today, 24 August 2016, been distributed to shareholders and is also available on the company?s website (www.sephakuholdings.com).



The audited annual financial statements contain no modifications to the provisional audited financial results for the year ended 31 March 2016, which were released on SENS on 29 June 2015.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting (?AGM?) of shareholders will be held at the Old Trafford conference room, Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion on Thursday, 22 September 2016 at 11:00 to transact the business as set out in the notice. The salient dates relevant to the AGM are set out below:

*Last date to trade in order to be eligible to attend and vote at the AGM - Tuesday, 13 September 2016

*Record date to determine the shareholders entitled to attend and vote at the AGM - Friday, 16 September 2016

*Forms of proxy for the AGM to be lodged by 11:00 on* Tuesday, 20 September 2016



*Any proxies not lodged by this time must be handed to the chairperson of the AGM immediately prior to the AGM.
19-Aug-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 18 August 2016 regarding the proposed appointment of Mrs MJ Janse van Rensburg as an independent non- executive director and chairman of the audit committee. Shareholders are hereby advised that the curriculum vitae of Mrs MJ Janse van Rensburg as contained in the aforementioned announcement included inaccuracies on summation and has subsequently been corrected and should read as follows:

Mrs MJ Janse van Rensburg served as Chief Financial Officer and, later, Chief Executive Officer at the Trans Caledon Tunnel Authority between 1994 and 2008. Subsequent thereto, she served as a non-executive director for the Bond Exchange of South Africa, the Airports Company of South Africa, Johannesburg Water Soc. and Denel, during which time she also fulfilled the role of a member or chairman of the respective audit committees. She is currently a non-executive director of the Development Bank of Southern Africa and a non-executive member of the Credit Committee overseeing Africa and India at First Rand Bank.
18-Aug-2016
(Official Notice)
Shareholders are advised of the following changes to the board of directors of Sephaku Holdings (?the Board?):



Retirement of independent non-executive director

Shareholders are hereby advised that Mr MG Mahlare, an independent non-executive director, will retire at the Sephaku Holdings annual general meeting (?AGM?), which is expected to be held on 22 September 2016.



Appointment of independent non-executive director and chairman of the audit and risk committee

The board announces that Mrs MJ Janse van Rensburg has been recommended for appointment as an independent non-executive director of Sephaku Holdings and chairman of the audit and risk committee.



Mrs MJ Janse van Rensburg?s appointment will, subject to receipt of the necessary shareholder approval being received at the AGM, be effective from the date of the AGM.



29-Jun-2016
(C)
Revenue for the group increased from R775,4 million to R874,3 million with Cement's revenue increasing by 150% from R919 million to R2,3 billion as a result of achieving and maintaining steady state production capacity from May to December 2015.



As disclosed in last year's post period commentary, the earnings and margins at Aganang were impacted in the first half of the year due to kiln downtime. The kiln was stopped for a two week planned maintenance period in March 2015 during which the technical team identified a latent defect in a critical component resulting in an extended downtime period of six weeks. Metier experienced increased price competition as the construction industry remained constrained and inconsistent payment of a key customer resulted in a six week stoppage of one plant.



Subsequently, margins at both companies were under pressure with Metier's EBITDA margin decreasing from 18% (R139 million) in FY 2015 to 15% (R132 million) and the operating margin from 14% (R109 million) to approximately 12% (R102 million). Cement reported EBITDA of R506 million an increase to 22% (FY2014: 14%) for the financial year ended December 2015 and a profit after tax of R50,4 million. Therefore, SepHold accounted for R18,2 million (36%) as equity earnings in the consolidated earnings. The group profit after tax increased from R47,2 million to R60,4 million which is a 28% increase year-on-year. It must be noted that the 2015 financial year included non-cash IFRS adjustments with a net effect of R26,9 million that would make the comparative normalised earnings R20,2 million.



Outlook

Metier will continue to explore viable expansion opportunities in all markets to enable it to grow its footprint and earnings in South Africa. This growth will be informed by prevailing market conditions and the strategic positioning that places Metier at an advantage to its competitors.



The subsidiary anticipates continued competitive pressures and will be focusing on controlling costs while striving for service excellence, which continues to be Metier's strength.

06-Jun-2016
(Official Notice)
SepHold is in the process of finalising its annual results for the year ended 31 March 2016, which will be released on SENS on or about 29 June 2016 and published in the press on or about 30 June 2016 (?annual results announcement?).



Accordingly, shareholders are advised that, for the year ended 31 March 2016:

* earnings per share (?EPS?) of the Company is expected to be between 29.32 and 31.76 cents per share (2015: 24.43 cents per share), being an increase of between 20% and 30% from the EPS reported for the year ended 31 March 2015; and

* headline earnings per share (?HEPS?) of the Company is expected to be between 29.32 and 31.76 cents per share (2015: 24.43 cents per share), being an increase of between 20% and 30% from the HEPS reported for the year ended 31 March 2015.



To provide further guidance to shareholders, the company reported normalised HEPS for the year ended 31 March 2015 of 10.48 cents per share.



The normalised HEPS for the prior period was defined as reportable HEPS and took into account the following once-off items:

* a non-cash loss of R28.5 million on a contingent consideration

* a deferred tax asset entry passed by the associate, Sephaku Cement (Pty) Ltd. relating to a section 12I tax incentive, that brought about an increase in SepHold?s equity accounted earnings of R55.4 million.



No once-off items were taken into account for the current period and the normalised HEPS for 2016 is therefore expected to be the same as the HEPS for the period, of between 29.32 and 31.76 cents per share, being an increase of between 180% and 203% from the normalised HEPS reported for the year ended 31 March 2015.
14-Apr-2016
(Official Notice)
Sephaku advised its shareholders that management is hosting an analyst site visit at the Aganang integrated cement plant on 14 April 2016.



The detailed site visit presentation that includes an operational update on the performance of Dangote Cement South Africa (Pty) Ltd. (formerly Sephaku Cement (Pty) Ltd.) for the financial year ended December 2015 can be downloaded from the website www.sephakuholdings.com .
04-Mar-2016
(Official Notice)
SepHold advised its shareholders that two of the three founding directors of M?tier Mixed Concrete (Pty) Ltd. (?M?tier?), namely Wayne Witherspoon (operations) and Richard Thompson (finance) will not be renewing their employment contracts that end on 31 March 2016. These changes have been well anticipated and the replacement management have already taken over these responsibilities.



The third co-founder and current managing director, Kenneth Capes, has been appointed as the chief executive officer of M?tier. Furthermore, Kenneth will increase his area of responsibility to assist SepHold with its growth strategy as the business development director. Kenneth has over 20 years? experience in building materials and proven deal-making skills that will further the Company?s expansion objectives.



To ensure continual operational success, M?tier has appointed Jurgens Du Toit as the managing director. Jurgens holds a civil engineering qualification and has obtained a wealth of experience in the mining and building materials industries over the past 24 years. He has held senior management positions in several aggregates and ready-mix businesses in South Africa, Botswana and Lesotho.
05-Nov-2015
(C)
29-Oct-2015
(Official Notice)
In terms of the JSE Limited (?JSE?) Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding reporting period. SepHold is in the process of finalising its interim results for the six month period ended 30 September 2015, which will be released on SENS on or about 5 November 2015 and published in the press on or about 6 November 2015 (?interim results announcement?).



Accordingly, shareholders are advised that, for the six months ended 30 September 2015:

*earnings per share (?EPS?) of the Company is expected to be between 9.00 and 9.40 cents per share (2014: 1.96 cents loss per share), being an increase of between 559% and 579% from the EPS reported for the six months ended 30 September 2014; and

*headline earnings per share (?HEPS?) of the Company is expected to be between 8.92 and 9.32 cents per share (2014: 2.00 cents loss per share), being an increase of between 546% and 566% from the HEPS reported for the six months ended 30 September 2014.



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

30-Sep-2015
(Official Notice)
21-Sep-2015
(Official Notice)
Shareholders are advised that at the annual general meeting (?AGM?) of Sephaku, held on 21 September 2015, at the Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion, all resolutions were passed by the requisite majority of shareholders.
28-Aug-2015
(Official Notice)
Shareholders are advised that Jennifer Bennette has resigned as the company secretary of Sephaku Holdings, effective from 31 August 2015 and Acorim (Pty) Ltd. has been appointed to replace her with effect from 1 September 2015.



Jennifer has been working as the company secretary for both SepHold and Sephaku Cement (?SepCem?) since 2010. She has decided to resign from SepHold to enable her to effectively focus on the increased demand on her role at SepCem.
21-Aug-2015
(Official Notice)
Shareholders are hereby advised that the summarised annual financial statements contained in the Notice of Annual General Meeting (?NOM?) have been distributed to shareholders. In addition, the full annual financial statements and integrated annual review have been published on the company?s website (www.sephakuholdings.com).



Both the summarised and full annual financial statements contain no modifications to the provisional financial results which were published on SENS on 26 June 2015.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting (?AGM?) of shareholders will be held at the Old Trafford room, Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion on Monday, 21 September 2015 at 11:00 to transact the business as set out in the NOM.



Salient dates

*Last date to trade in order to be eligible to attend and vote at the AGM - Friday , 4 September 2015

*Record date to determine which shareholders are entitled to attend and vote at the AGM - Friday , 11 September 2015

*Forms of proxy for the AGM to be lodged by 11:00 on* - Thursday , 17 September 2015

*Any proxies not lodged by this time must be handed to the chairperson of the AGM immediately prior to the AGM.
26-Jun-2015
(C)
The group achieved a revenue of R775,4 million and EBITDA of R128,9 million for the year. An operating profit of R59,3 million was recognised on group level. The group finance costs of R25,3 million were incurred on the Metier acquisition debt and asset finance and further includes an amortisation charge of R4,8 million on the discounting of the vendor loan.



SepHold's 36% interest in SepCem's operations for the year ended 31 December 2014 resulted in equity accounted earnings of R35,9 million. Included in this figure is a movement in the associate's deferred tax asset of R154 million, relating to a section 12i tax incentive that was accounted for in the reporting period. The tax adjustment brought about an increase in SepHold's equity accounted earnings of R55,4 million. SepCem recorded an operating profit of R59,5 million and a loss before taxation of R48,4 million due to it being in ramp up phase during the reporting period.



Metier continued to achieve positive earnings by attaining an operating profit of R108,9 million for the 12 months ended 31 March 2015 (2014: R75,5million). The revenue increase to R775,4 million from R571,5 million for the comparative period was mainly due to the expansion in the plant network and growth in market share.



SepHold recorded an operating loss of R46,2 million at the company level (2014: R18,7 million) that included a non-cash loss of R28,5 million on contingent consideration. This contingent loss is a result of the issuance of 4 429 196 SepHold shares to the previous owners of Metier with regard to the additional consideration, due to the 60-day volume weighted average share price ("VWAP") of SepHold being below R9 at 1 December 2014. A final cash payment of R117 million, consisting of the original R125 million reduced by R8 million for unrecovered debt from a Metier customer, was settled with the sellers of Metier on 1 December 2014 and is now financed through the subsidiary.
12-Jun-2015
(Official Notice)
Shareholders are advised that for the year ended 31 March 2015:

* earnings per share (?EPS?) of the company are expected to be between 24.28 and 24.58 cents per share (2014: 1.49 cents loss per share), being an increase of between 1730% and 1750% from the previous corresponding period; and

* headline earnings per share (?HEPS?) of the company are expected to be between 24.19 and 24.67 cents per share (2014: 2.36 cents loss per share), being an increase of between 1125% and 1145% from the previous corresponding period.



In order to provide further guidance to shareholders, this trading statement also addresses normalised HEPS that is defined as reportable HEPS in terms of accounting standards, excluding once-off items.



The once-off items that are excluded in calculating the normalised HEPS range are:

* a non-cash loss of R28.5 million on contingent consideration resulting from the issue of 4,429,196 SepHold shares to the previous owners of M?tier Mixed Concrete (Pty) Ltd. (?M?tier?) with regard to the additional consideration, due to the 60-day volume weighted average share price of SepHold being below R9 at 1 December 2014; and

* SepHold's 36% interest in Sephaku Cement (Pty) Ltd.?s (?SepCem?) operations for the year ended 31 December 2014 resulted in equity earnings of R 35.9 million. Included in this number is a movement in the deferred tax asset of R154 million for the year, relating to a section 12I tax incentive that was accounted for in the year of commissioning. The adjustment brought about an increase in equity earnings of R55.4 million.



Excluding the once-off items, the basic normalised HEPS for the year ended 31 March 2015 is expected to be between 10.24 and 10.72 cents per share, being an increase of between 534% and 554% from the previous corresponding period?s HEPS.



SepHold is in the process of finalising its annual results for the year ended 31 March 2015, which will be released on SENS on 26 June 2015 and published in the press on 29 June 2015.
30-Mar-2015
(Official Notice)
02-Dec-2014
(Official Notice)
03-Nov-2014
(C)
30-Oct-2014
(Official Notice)
Sephaku is in the process of finalising its interim results for the six months ended 30 September 2014, which will be released on SENS on 3 November 2014 and published in the press on 4 November 2014 ("interim results announcement").



Accordingly, shareholders are advised that for the six months ended 30 September 2014:

* Basic loss per share is expected to be between 1.90 and 2.00 cents compared to the basic earnings per share (EPS) of 3.32 cents reported for the six months ended 30 September 2013; and

* Headline loss per share is expected to be between 1.95 and 2.05 cents compared to the headline earnings per share (HEPS) of 2.78 cents reported for the six months ended 30 September 2013.



The loss is mainly due to a once-off non-cash item that is included as provision for the final share allocation ("Agterskot") to the previous owners of M?tier Mixed Concrete (Pty) Ltd. calculated for the outstanding R100 million share acquisition payment based on the 60-day volume weighted average price ("VWAP") on 1 December 2014. Details of this once-off item will be provided in the interim results announcement.



In order to provide further guidance to shareholders, this trading statement also addresses normalised HEPS that is defined as reportable HEPS in terms of accounting standards, excluding once-off items. The basic normalised HEPS for the six months ended 30 September 2014 is expected to be between 9.30 and 9.75 cents.
01-Oct-2014
(Official Notice)
Following the announcement on 21 August 2014, Sephaku confirmed that M?tier Mixed Concrete (Pty) Ltd. ("M?tier") has completed the construction of the fourth plant with a 70m?/hour production capacity in the Gauteng province. Production commenced on 22 September 2014 bringing the total number of plants to eleven (11) with 7 located in KwaZulu Natal.



M?tier's main objective is to achieve relatively high margins through the creation and production of specialised concretes. These high value concretes constituted 29% of revenue for the financial year ended 31 March 2014.



Delmas annualised capacity utilisation at 80%

Clinker production at Sephaku Cement (Pty) Ltd.'s ("SepCem") Aganang integrated plant commenced successfully on 20 August 2014 and cement production is scheduled for October. The internally produced clinker is expected to significantly enhance the cost efficiencies and competitiveness of SepCem. To this end and depending on the production mix, SepCem is expected to achieve a substantial reduction in input costs.



The initial consignment of clinker was delivered to the Delmas milling plant within the first week of production in August 2014. In September 2014, Delmas plant reached an annualised production capacity utilisation of 80% which is an indication of the increasing sales ramp up rate since the beginning of the year. The demand for the SepCem brand has increased significanlty in both the bulk and retail (bag) markets. The brands acceptance is reflected by its delivery to more than 1000 points in the targeted markets and approximately 500 order related calls per day being handled by the company call centre. Marketing and sales activities have intensified in the North West province ,Free State province and Botswana in anticipation of cement production at Aganang plant.



SepCem has received support from bag and bulk users and will ensure that its key selling proposition of consistent quality and exceptional service is extensively pursued. SepCem is producing cement in all strength classes and plans are in place to increase the 42.5R and 52.5N volumes targeting technical users.
21-Aug-2014
(Official Notice)
Sephaku ("the company") advised its shareholders that all the special and ordinary resolutions proposed at the company's annual general meeting on 21 August 2014 were duly passed by the requisite majority of votes.



Change to the board of directors

Shareholders are hereby advised that Justin Pitt has been appointed as an alternate director to non- executive director, Moses Ngoasheng, with immediate effect.



Justin is a member of the South African Institute of Chartered Accountants and the Association for Investment Management and Research and is currently the managing director of Safika Resources (Pty) Ltd.



Operational update

Following the annual general meeting, an operational review and update was presented by Sephaku's management. This presentation is available on the company's website - www.sephakuholdings.com.



The main update is the commencement of clinker production at its associate Sephaku Cement (Pty) Ltd.'s ("SepCem") Aganang integrated plant on 20 August 2014. This follows the announcement on 13 August 2014 on the completion of the hot commissioning of the plant.



In line with the company's strategy of increasing capacity in Gauteng, the wholly-owned subsidiary, M?tier Mixed Concrete (Pty) Ltd. ("M?tier"), will be launching another 70m?/hour capacity plant in Gauteng during September 2014. The addition of this fourth plant will increase M?tier's production capacity footprint in Gauteng bringing the total to 11 plants including the 7 operations in KwaZulu Natal. Although M?tier anticipates that there will be pressure on margins with increased competition on significant contracts, it will continue to place emphasis on the specialised high-value concretes market.
13-Aug-2014
(Official Notice)
Sephaku advised its shareholders that its associate Sephaku Cement (Pty) Ltd. (SepCem or the Company) has completed the commissioning of the clinker production facility at Aganang and is ready to commence with production. The first consignment of clinker will be delivered to the Delmas milling plant by the end of the month.



Production of clinker at Aganang

Aganang integrated plant is SepCem's flagship plant located at Litchenburg in the North West province of South Africa. To date, SepCem has been purchasing clinker to mill at Delmas where the Company has achieved more than 60% production capacity utilisation. This has enabled SepCem to enter the market whilst strengthening its sales function in preparation for increasing volumes. Consistent cement quality and exceptional service have enabled SepCem to successfully penetrate both the bag and bulk markets.



The targeted clinker production date was end of July 2014, however due to minor problems identified on the plant fan system as part of the normal hot commissioning, the process has been slightly prolonged. The cement production capacity at Aganang is approximately 1.1 million tonnes and Delmas is 1.4 million tonnes per year at steady state. The ramp up production at both plants will be based on market demand.
06-Aug-2014
(Media Comment)
According to Business Report, Sephaku Cement has pledged it support for the North West provincial government's regional job creation and training targets and initiatives. Chief executive of Sephaku Cement, Pieter Fourie said as operations at the Aganang plant commenced, the company's employees would reach 170 with an additional 300 employment opportunities via subcontractors. He added that the majority of semi-skilled employees would be recruited from the nearby communities.
27-Jun-2014
(C)
Sephaku presented the group's financial results for the year-ended 31 March 2014. SepHold, Metier Mixed Concrete (Pty) Ltd. (Metier or the subsidiary) and Sephaku Cement (Pty) Ltd. (SepCem or the associate) are collectively referred to as the group and the full annual financial statements and integrated annual review can be downloaded from the company's website on http://www.sephakuholdings.co.za.



Highlights

* The group achieved a profit before tax of R13.4 million

* SepHold overhead cash costs were contained at R13.4 million



Metier

* Revenue increased by 38% from R414.3 million to 571.5 million

* EBITDA increased by 22% from R81.6million to R100 million

* Operating profit increased by 18% from R63.8 million to R75.5 million



Metier added another plant with a capacity of 70m3/hour in Gauteng. The comparative figures included above refer to Metier's full year's audited results for the period March 2012 to February 2013 and not for the one month consolidated in the 2013 financial year results for the group.



SepCem

* Delmas milling plant commenced production of cement in January 2014

* Commissioning of Aganang integrated plant commenced in February 2014



Notice of annual general meeting

Notice is given that the company's annual general meeting (AGM) of shareholders will be held at the Ovals room, Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion on 21 August 2014 at 11:00 to transact the business as stated in the notice of the AGM of the company, being posted by registered mail to the company's shareholders on 23 June 2014.



The notice of the AGM has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 20 June 2014, being the notice record date set by the board of the company determining which shareholders are entitled to receive notice of the AGM. The board of directors has determined that the last day to trade to be eligible to participate in and vote at the AGM is Friday, 8 August 2014 and the record date for purposes of determining which shareholders of Sephaku Holdings are entitled to participate in and vote at the AGM is Friday, 15 August 2014. Only shareholders who are registered by Friday, 15 August 2014 will be entitled to participate in and vote at the AGM.
13-Jun-2014
(Official Notice)
Shareholders are advised that, in compliance with paragraph 3.4 of the Listings Requirements of the JSE Ltd., the company expects the basic loss per share to be between 1.63 and 1.36 cents and headline loss per share to be between 2.58 and 2.15 cents for the financial year ended 31 March 2014. The change in earnings is mainly attributable to the following:

*SepHold changed its financial year-end from June to March with effect from the 2013 financial year. This therefore resulted in the corresponding period being a 9 month period, whereas the 2014 period reflects a 12 month period;

*M?tier's results for the 12 months ended 31 March 2014 were included in the consolidated results in comparison to the one month included in the previous financial year post the acquisition and;

*An increase in the non-capital related expenditure incurred in preparation for market entry by its associate, Sephaku Cement (Pty) Ltd.



The results for the financial year ended 31 March 2014 will be released end of June 2014.
23-Apr-2014
(Official Notice)
Shareholders are advised that Mr Christiaan Rudolph de Bruin ("Rudolph") has resigned as a non-executive director and consequently, a member of the remuneration and nomination committee, with effect from 21 April 2014.
25-Mar-2014
(Official Notice)
It is with deep sadness that the board of directors announced the passing away of Johannes Wilhelm Wessels on 23 March 2014. Wes was an alternate director to Rudolph de Bruin since 2007 on the Sephaku board.
15-Jan-2014
(Official Notice)
Sephaku announced that its associate, Sephaku Cement (Pty) Ltd. ("SepCem"), began commercial production at its Delmas milling plant ("Delmas" or "the operation") on 6 January 2014 following a successful commissioning phase.



SepCem is a core investment of Sephaku Holdings, which owns 36%. The remaining 64% of SepCem is owned by Dangote Cement PLC, Africa's largest cement producer. Delmas where production is expected to be ramped up to an annualised 1.4 million tonnes per annum ("mtpa") by mid-2014, is one of two major projects of SepCem strategically situated east of Gauteng.



SepCem's cement products have been tested and approved by the National Regulator for Compulsory Specifications, enabling Delmas to begin producing for the market. SepCem has to date secured significant sales volumes and its cement brand has been available at retail outlets in Gauteng, Limpopo and Mpumalanga since 13 January 2014.



In line with SepCem's key objective of offering a superior quality of service, Delmas has successfully installed SAP Business suite software. This will enhance its efforts to ensure best-in-class systems for customers and to drive efficiency at SepCem.
28-Nov-2013
(Official Notice)
Sephaku Holdings would like to advise the shareholders that its Johannesburg Stock Exchange ("JSE") listing will be transferred from the Mining sector 1770, to the Building and Construction Materials sector 2350, sub-sector 2353 Building Materials and Fixtures, with effect from 23 December 2013.



Following the unbundling by Sephaku Holdings of Incubex Minerals Ltd. and Sephaku Fluoride Ltd. in 2010 and 2012 respectively, and the subsequent acquisition of Metier Mixed Concrete (Pty) Ltd. in February 2013, the company's core business activities have changed since its initial listing from predominantly mining to the production of building and construction materials.



The board of directors of Sephaku Holdings is of the view that the sector reclassification is appropriate to, and descriptive of, the company's operations.
20-Nov-2013
(C)
Sephaku has changed its year-end from June each year to March, hence its September 2013 interim results are incomparable to any prior financial results that have been published. Revenue amounted to R301.6 million. Gross profit was R133.8 million. A net attributable profit of R6.3 million was made and headline earnings per share of 2.78cps was recorded.



Outlook

Construction at the integrated cement manufacturing plant, Aganang, close to Lichtenburg, is well advanced with initial production targeted for the second quarter of the 2014 calendar year. Cement production at Delmas is targeted for January 2014.



04-Nov-2013
(Official Notice)
The Board therefore advises shareholders of Sephaku that:

*Earnings per share ("EPS") is expected to be between 8.84 cents and 9.18 cents higher than that reported in the comparative period, which will result in anticipated EPS of between 3.15 cents and 3.49 cents (2012: (5.69) cents).

*Headline earnings per share ("HEPS") is expected to be between 8.33 cents and 8.61 cents higher than that reported for the comparative period, which will result in anticipated HEPS of between 2.64 cents and 2.92 cents (2012: (5.69) cents);

*Net asset value per share ("NAVPS") is expected to be between 9.52 cents and 23.46 cents higher than that reported for the comparative period, which will result in anticipated NAVPS of between 396.22 cents and 410.16 cents (2012: 386.70 cents).



The increase in earnings is mainly attributable to the consolidation of the full financial results of the recently acquired M?tier Mixed Concrete (Pty) Ltd. ("M?tier"). M?tier attained a R24.5 million profit after taxation and a revenue of R302 million for the six months ended 30 September 2013. As a result of the acquisition of M?tier during 2013, the focus of the Group has changed from mining exploration and development to building and construction materials sales.



Shareholders are referred to the announcement released on SENS on 28 August 2009 wherein the Company disclosed that it had adopted the NAVPS measure for trading statements. As such, the NAVPS measure for trading statement purposes is no longer considered to be a more relevant yardstick of the performance of the Group than earnings per share and headline earnings per share. Going forward, the Company will therefore adopt the earnings per share and headline earnings per share measure for trading statements.



The results for the interim period ended 30 September 2013 will be published on 20 November 2013.
04-Oct-2013
(Official Notice)
Sephaku would like to advise that following the annual general meeting ("AGM") held on 4 October 2013, all except one of the ordinary and special resolutions set out in the Notice of the AGM dated 30 August 2013 were passed by the requisite majority of shareholders.



Special resolution number 8, which required approval for the creation of five million additional options under the share option scheme, attained 72.5% of shares in favour instead of the requisite 75% majority vote and therefore was not passed.
30-Aug-2013
(Official Notice)
Shareholders are advised that the abridged annual financial statements contained in the Notice of Annual General Meeting will be distributed to shareholders on 30 August 2013. In addition, the full annual financial statements and integrated annual report will be published on the Company's website (www.sephakuholdings.co.za) with effect from 30 August 2013. Both the abridged and full annual financial statements contain no modifications to the audited results which were published on SENS on 27 June 2013.



Notice of the Annual General Meeting

Notice is given that the Annual General Meeting of shareholders will be held at the Old Trafford room, Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion on Friday, 4 October 2013 at 10:00 to transact the business as set out in the Notice of Annual General Meeting forming part of the annual financial statements.



Salient dates

* Last day to trade in order to be eligible to attend and vote at the Annual General Meeting on Thursday, 19 September 2013

* Record date to determine which shareholders are entitled to attend and vote at the Annual General Meeting on Friday, 27 September 2013

* Forms of proxy for the Annual General Meeting to be lodged by 10:00 on Wednesday, 2 October 2013
21-Aug-2013
(Official Notice)
Notification is hereby given that Jennifer Bennette has resigned as an alternate director to Rose Raisibe Matjiu with effect from 21 August 2013. Jennifer Bennette will retain her current position as Company Secretary to Sephaku Holdings.



The King Code of Governance for South Africa, 2009 (the King III Report) advocates that an arms-length relationship must be maintained between the Company Secretary and the board of directors. The reason for the resignation of Jennifer Bennette as an alternate director is therefore in order to uphold this arms-length relationship between Jennifer Bennette, as the Company Secretary, and the board of directors.
29-Jul-2013
(Official Notice)
Kenneth John Capes has been appointed as an executive director of the company with immediate effect.
27-Jun-2013
(C)
Sephaku has changed its year-end from June each year to March, hence its March 2013 final results are incomparable to any prior financial results that have been published. Revenue amounted to R37.2 million. Gross profit was R15.6 million. A net attributable loss of R15.9 million was made and a headline loss from continuing operations of 9.20cps was recorded.



Outlook

Sephaku is well positioned with significant competitive advantages to compete successfully and generate value for shareholders. In the year ahead, Sephaku Cement will focus on ramping up production volumes, testing product and customer acceptance and positioning for market entry. The financial results of Metier were fully consolidated into Sephaku Holdings with effect from 1 March 2013. Metier will pursue the ongoing expansion of its plant network in Gauteng and KwaZulu-Natal. Maintaining growth in revenue and profits in challenging market conditions remains its key strategic focus.
27-Jun-2013
(Permanent)
Sephaku changed their financial year-end from 30 June to 31 March.
28-Feb-2013
(Official Notice)
Shareholders were referred to the previous announcements released on SENS, the last of which was dated 11 January 2013, regarding the acquisition by the company of 100% of the issued ordinary shares in M?tier Mixed Concrete (Pty) Ltd. (the Acquisition), further information pertaining to which was included in the circular to the company's shareholders dated 30 November 2012 (the Circular).



Shareholders were advised that on 5 February 2013, the Competition Commission approved the Acquisition without any conditions. Shareholders were further advised that on 27 February 2013 definitive funding agreements in respect of the Acquisition were signed and as such all suspensive conditions to the Acquisition as set out in the Circular have now been met.



As a result of the above, as consideration for the Acquisition, the following shares in Sephaku Holdings (Sephaku Shares) were concurrently issued to the Sellers (as defined in the Circular):

*5 000 000 Sephaku Shares to the at an issue price of R6 each (amounting to R30 000 000); and

*11 111 111 Sephaku Shares at an issue price of R9 per share (amounting to R100 000 000).



The JSE Ltd. has approved the listing of the additional 16 111 111 Sephaku Shares at the respective issue price per notes above with effect from today, 28 February 2013.



On the same date (being 28 February 2013), a cash payment amounting to R110 million was advanced by Standard Bank to the Sellers in terms of the acquisition finance, the salient terms of which are contained in the Circular.
27-Feb-2013
(Official Notice)
Shareholders were referred to the announcement released on SENS yesterday, 26 February 2013, regarding directors share trades. Shareholders were advised that the directors dealings by Mr Lelau Mohuba, the Lelau Mohuba Trust and Mr Rudolph de Bruin were made on 22 February 2013 and not 22 February 2012 as erroneously disclosed.
21-Feb-2013
(C)
Operating loss widened to R10.1 million (2011 loss of R6.9 million). Loss for the period rose to R9.8 million (2011: loss of R5.6 million). Furthermore, headline loss per share was higher at 5.69cps (2011: loss of 3.29cps).



Significant events and transactions

On 22 October 2012, Sephaku Cement concluded a ten-year funding deal valued at R1.95 billion with The Standard Bank of South Africa Limited and Nedbank Limited. The agreement effectively closes the gap in terms of the required capital for Sephaku Cement to be fully prepared for market entry and to become a significant competitor in wholesale and retail cement trade.



The construction of the cement plant is proceeding according to plan and on budget. Production remains scheduled for the end of the year.
21-Jan-2013
(Official Notice)
Shareholders were referred to the announcement dated 11 January 2013 in which they were advised that all resolutions as set out in the notice of Annual General Meeting were approved by the requisite majority of shareholders.



Shareholders attention is drawn to the fact that one of the resolutions approved related to the appointment of Mr PM Makwana as an independent non-executive director and a member of the audit and risk committee. Shareholders were advised that Mr PM Makwana's appointment was effective from 11 January 2013.
11-Jan-2013
(Official Notice)
Shareholders of Sephaku (Shareholders) were advised that, at the annual general meeting (AGM) of Sephaku Holdings, held on Friday, 11 January 2013, all the resolutions as set out in the notice of AGM were approved by an average of approximately 99% of votes exercised.



Shareholders were also advised that at the Shareholders meeting of Sephaku Holdings, held on Friday, 11 January 2013 after conclusion of the AGM, all the resolutions pertaining to the approval of the acquisition of 100% of the ordinary shares in the issued share capital of M?tier Mixed Concrete (Pty) Ltd., as set out in the circular to Shareholders dated 30 November 2012, were approved by 100% of votes exercised.
03-Dec-2012
(Official Notice)
Shareholders of Sephaku are advised that the notice of annual general meeting (AGM) (Notice of AGM) was posted on Friday, 30 November 2012, together with the summarised annual financial results for the year ended 30 June 2012. The Notice of AGM and the Integrated Report are also available on the Company's website: www.sephaku.co.za. Shareholders are advised that the AGM will be held on Friday, 11 January 2013, at 10:00 at the Old Trafford room, Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion, to conduct the business stated in the Notice of AGM.



Posting of circular

Further to the announcements dated 3 October 2012 and 8 November 2012, Shareholders are advised that a circular (Circular) was posted on Friday, 30 November 2012, containing all the information pertaining to the acquisition of M?tier Mixed Concrete (Pty) Ltd., including a notice of Shareholders meeting (Notice of SM), to be held on Friday, 11 January 2013 at 11:00 (or five minutes after conclusion of the Company's AGM convened to be held at 10:00 on the same day at the same venue, as detailed above, if the AGM is concluded before 11:00) at the Old Trafford room, Centurion Lake Hotel, 1001 Lenchen Avenue North, Centurion, to conduct the business stated in the Notice of SM.



This Circular will also be available in electronic form on the Company's website: www.sephaku.co.za. Printed copies of the Circular are available in English only and may be obtained during normal business hours until Friday, 11 January 2013 from the registered office of Sephaku Holdings (1st Floor, Hennops House, Riverside Office Park, 1303 Heuwel Avenue, Centurion, 0157) and the transfer secretaries, Computershare Investor Services (Pty) Ltd., Ground Floor, 70 Marshall Street, Johannesburg, 2001).
08-Nov-2012
(Official Notice)
As all the information as required in terms of the Listings Requirements of the JSE Ltd. have now been published, shareholders of Sephaku Holdings were advised that caution is no longer required to be exercised when dealing in their securities.
08-Nov-2012
(Official Notice)
19-Oct-2012
(Official Notice)
Sephaku announced that its associate, Sephaku Cement (Pty) Ltd. ("Sephaku Cement"), has concluded a ten year funding deal valued at R1.95 billion with The Standard Bank of South Africa Ltd. and Nedbank Ltd. The agreement effectively closes the gap in terms of the required capital for Sephaku Cement to be fully prepared for market entry and to become a significant competitor in wholesale and retail cement trade.



Of the total debt capital raised by Sephaku Cement, just over 50% of total procurement spend will be invested locally. In addition, the combined plants will create direct employment opportunity for around 400 local people and up to 3 000 jobs indirectly.
03-Oct-2012
(Official Notice)
The Acquisition will constitute a category one acquisition for Sephaku in terms of the Listings Requirements of the JSE, requiring approval of the terms thereof by Sephaku shareholders in a shareholders meeting. Upon conclusion of the M?tier Agreements a detailed announcement containing all the terms and the pro forma financial effects of the Acquisition (Acquisition announcement) will be published and a circular to Sephaku Holdings shareholders convening a shareholders meeting for consideration of the Acquisition will be prepared. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until such time as the Acquisition announcement is published.
03-Oct-2012
(Official Notice)
With reference to the cautionary announcement dated 3 September 2012, Sephaku announced that its board of directors has approved the principal terms on which the company will acquire the entire issued share capital of M?tier Mixed Concrete (Pty) Ltd. ("M?tier Mixed Concrete") from its shareholders, the JTR Trust, Mr Kenneth Capes, Mr Richard Thompson and Mr Wayne Witherspoon (M?tier shareholders) (the Acquisition).



Purchase consideration

The total nominal purchase consideration payable to the M?tier shareholders for M?tier Mixed Concrete is R365 million and will consist of a combination of cash payments and the issue of fully paid Sephaku securities. The purchase consideration will be settled as follows:

* On Closing:

** cash payment of R110 million

** issue of 5 million Sephaku Holdings dematerialised no par value shares at R6 per share at a total issue price of R30 million

** issue of 11.1 million Sephaku Holdings dematerialised no par value shares at R9 per share at a total issue price of R100 million.

* On 1 December 2014:

** cash payment of R125 million

** agterskot: an additional amount of shares to be issued at a 60 day VWAP to the 1 December 2014 Sephaku share price which would make the total consideration described in paragraph 2.3.1.3 above equal to R100 million, subject to a maximum share price of R9 and a minimum share price of R4.



Conditions precedent

The Acquisition will be subject to the fulfilment of certain suspensive conditions, including that:

* Sephaku conducts a due diligence investigation to its satisfaction on M?tier Mixed Concrete;

* M?tier Mixed Concrete conducts a due diligence investigation to its satisfaction on Sephaku;

* approval of the M?tier Agreements by the boards of directors of M?tier Mixed Concrete and Sephaku (which has already been obtained);

* approval of the Acquisition by the shareholders of the parties;

* such regulatory approvals as may be required being obtained from inter alia the JSE L and the Competition Commission; and

* Sephaku successfully raising the requisite acquisition finance for the Acquisition;



Irrevocable Shareholder support

Sephaku has received irrevocable shareholder support from 59.4% of its shareholders to vote in favour of the Acquisition.
26-Sep-2012
(C)
Operating loss amounted to R15.7 million (2011: loss of R19 million). Profit for the year was down to R993 000 (2011: R343.7million). Furthermore, headline loss per share narrowed to 13.27cps (2011: loss of 39.63cps).



Dividend

No dividend was declared.



03-Sep-2012
(Official Notice)
Sephaku announced that it has entered into negotiations, which negotiations are at an advanced stage, regarding the potential acquisition of a company that operates in the construction and building material supplies industry (the acquisition). The acquisition, if successful, is expected to have synergistic benefits for Sephaku Holdings and its associate, Sephaku Cement (Pty) Ltd. The acquisition is in line with Sephaku stated strategy of focusing on cement and cement related products.



The acquisition, if successfully concluded, may have an impact on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement providing further details regarding the Acquisition is released.
30-Jul-2012
(Official Notice)
Further to the company's strategy of becoming a focused cement player in the South African market, Sephaku has been streamlining its business and has made significant progress on its 2.5 mtpa cement producing facilities near Lichtenburg and Delmas.



Shareholders were advised that the company will be embarking on a roadshow this week and has posted a presentation on its website which highlights the progress made to date and the company's growth strategy. The presentation can be found at www.sephakuholdings.co.za.
04-Jul-2012
(Official Notice)
The board of directors of Sephaku informed shareholders that Dr Gil Mahlati has resigned as a non-executive director of the company with effect from 2 July 2012.
03-May-2012
(Official Notice)
Mr Brent Williams has been appointed as the independent non-executive chairman of the company with immediate effect.
28-Mar-2012
(C)
Operating loss for the interim period narrowed to R6.9 million (2010: loss of R14.4 million). Profit before taxation plummeted to R1.5 million (2010: R392.6 million), while loss attributable to equity holders of the parent soared to R5.6 million (2010: profit of R372.2 million). Furthermore, headline loss per share shrunk to 3.29cps (2010: loss of 24.18cps).



Changes to the board

Subsequent to the interim reporting period and the unbundling of Sephaku Fluoride, the company will replace Dr Lelau Mohuba as chairman with an independent non-executive chairman, appoint Dr Lelau Mohuba as chief executive officer and appoint Mr Neil Crafford-Lazarus as the financial director of the company.
26-Mar-2012
(Official Notice)
In compliance with section 3.59(a) of the JSE Ltd Listings Requirements, shareholders of the company are hereby advised of the following changes in directors' roles:

*Dr Lelau Mohuba, who has to date served as chairman, has now been appointed as CEO of the company; and

*Mr Neil Crafford-Lazarus, who has to date served as CEO, has now been appointed as FD of the company.

These changes will be effective from 31 March 2012.



Voluntary announcement regarding the Sephaku Fluoride Ltd. ("Sephaku Fluoride") distribution

Further to the announcements released on SENS on 7 March 2012 and 14 March 2012, shareholders are advised that those shareholders who are entitled to participate in the Sephaku Fluoride distribution ("qualifying shareholders") will have their accounts with Central Securities Depository Participants and brokers in South Africa credited with the unlisted (ZAU000012387) Sephaku Fluoride shares on or about today, 26 March 2012.



Dematerialised shareholders may settle any transaction in Sephaku Fluoride shares through Strate Ltd.'s settlement system on an off-market basis. All settlements will be in South African rands and the same custody and settlement rules and procedures that are currently in place for the listed environment will apply to the unlisted environment. Where qualifying shareholders have not dematerialised their Sephaku's share certificates, new Sephaku Fluoride share certificates will be posted to those qualifying shareholders on the same day.
14-Mar-2012
(Official Notice)
Shareholders of Sephaku Holdings ("shareholders") are referred to the finalization announcement dated 7 March 2012 ("the finalization announcement") which sets out information relating to the distribution of shares in Sephaku Fluoride in the ratio of one Sephaku Fluoride share, valued at R0.59 per share, for every one Sephaku Holdings share held ("the Sephaku Fluoride distribution"). Shareholders are advised that private and off-market trading and the commensurate transfers in the securities of Sephaku Fluoride, subsequent to the implementation of the Sephaku Fluoride distribution as set out in the finalization announcement, may be implemented through utilizing the ISIN number ZAU000012387. All settlements of unlisted Sephaku Fluoride shares held in uncertificated form will occur in the Strate Ltd. ("Strate") dematerialized environment. All settlements through Strate are in ZAR and the same custody and settlement rules and procedures in place for the listed environment will apply in the unlisted environment.
07-Mar-2012
(Official Notice)
Results of general meeting and finalisation announcement relating to the distribution of shares in Sephaku Fluoride Ltd. ("Sephaku Fluoride") to Sephaku Holdings shareholders. Shareholders are referred to the terms announcement dated 3 February 2012 ("the terms announcement") which set out information relating to the distribution of shares in Sephaku Fluoride in the ratio of 1 Sephaku Fluoride share, valued at R0.59 per share, for every 1 Sephaku Holdings share held ("the Sephaku Fluoride distribution"). Shareholders are advised that all resolutions, including those relating to the Sephaku Fluoride distribution, were duly passed at the general meeting held today. The Sephaku Fluoride distribution is therefore unconditional and will proceed in accordance with the dates set out in the terms announcement.

03-Feb-2012
(Official Notice)
Shareholders are referred to the detailed cautionary announcement dated 20 December 2011 which set out information relating to the distribution of shares in Sephaku Fluoride to Sephaku Holdings' shareholders in the ratio of 1 Sephaku Fluoride share valued at R0.59 per share for every 1 Sephaku Holdings share held ("the Sephaku Fluoride distribution"). The pro forma financial effects, the effective dates and the conditions precedent to the Sephaku Fluoride distribution are set out below.



Documentation

A circular setting out further details of the Sephaku Fluoride distribution and containing a notice convening a general meeting to consider and vote on resolutions relating to, inter alia, the Sephaku Fluoride distribution and an amendment to the company's share incentive scheme to allow for the inclusion of employees of associates of the Sephaku Holdings group, will be posted to shareholders on 7 February 2012.



Withdrawal of cautionary

Shareholders are advised that they are now no longer required to exercise caution in relation to the Sephaku Fluoride distribution when dealing in their Sephaku Holdings shares.
29-Sep-2011
(C)
Operating loss for the year ended 30 June 2011 widened to R37.3 million (2010: loss of R27.3 million), profit before taxation soared to R364.1 million (2010: R6 million), while profit attributable to equity holders of the parent strengthened to R343.7 million (2010: loss of R71.5 million). Furthermore, headline loss per share narrowed to 39.63cps (2010: loss of 63.23cps).



Dividend

No dividend was declared.
20-Sep-2011
(Official Notice)
As per the SENS announcement, dated 28 August 2009, the company has adopted the net asset value per share ("NAVPS") measure for trading statements. The NAVPS measure for trading statement purposes is considered a more relevant yardstick of the performance of the group than headline earnings per share and earnings per share. Shareholders of Sephaku are advised that the company is expecting an increase in NAVPS of between 60% and 80% compared to the NAVPS at 30 June 2010. Shareholders are also referred to the trading statement dated 9 March 2011 relating to interim period ended 31 December 2010. The increase in NAVPS is mainly attributable to the corporate actions undertaken by the company during 2010, namely, the issue of shares for cash by Sephaku Cement (Pty) Ltd to Dangote Industries Ltd in order to settle a loan of R75.6 million and the subscription of shares in an amount of R703.4 million, and the payment to shareholders by way a dividend in specie of one ordinary share in Incubex Minerals Ltd for every ten Sephaku Holdings shares held. Shareholders are referred to the circular issued on 30 September 2010 and the pro forma effects on page 93 of the circular, and the SENS announcements dated, 25 August 2010 and 30 September 2010. The results for the year ended 30 June 2011 will be published towards the end of September 2011.
24-Aug-2011
(Official Notice)
Sephaku announced the following two significant developments for its wholly-owned subsidiary, Sephaku Fluoride Ltd ("Sephaku Fluoride") - the appointment of mining veteran Mr Alan Smith as chief executive officer ("CEO") of this entity and the granting of a new order mining right for the Nokeng fluorspar mine.



Appointment of Alan Smith

Sephaku announced the appointment of Mr Alan Smith as the new CEO of Sephaku Fluoride, with effect from 17 August 2011.



New order mining right for Nokeng

Sephaku advised that its application for a new order mining right for Sephaku Fluoride's Nokeng fluorspar mine has been successful. Accordingly, Mining Right GP/30/5/1/2/2 (293) MR was notarially executed by the Department of Mineral Resources on the 26 July 2011 and is valid until 25 July 2031 (a period of 20 years).
01-Jul-2011
(Official Notice)
Due to network outages and communication difficulties experienced by the sponsor on 30 June 2011 an erroneous notification of share dealing announcement was published on 30 June 2011. The notice should have read as follows:

* Name of director: Modilati G Mahlare

* Category of director: Independent non executive director

* Name of company: Sephaku Holdings

* Date of transaction: 29 June 2011

* Price of securities: R3.69 per share

* Number of securities: 12 094 (twelve thousand and ninety four)

* Total value of securities: R44 626.86

* Class of securities: Ordinary shares

* Nature of transaction: Purchase of ordinary shares

* Interest (direct or indirect) Direct beneficial.
08-Jun-2011
(Official Notice)
Shareholders of the company were advised that Dr David Twist, who has to date served as an alternate director, has now been appointed as a non-executive director of the company with immediate effect.
16-May-2011
(Official Notice)
At the annual general meeting of the company held on 11 November 2010, the requisite majority of shareholders approved a resolution authorising the directors of Sephaku Holdings (the "directors") to issue shares for cash in accordance of the JSE Ltd's ("JSE") Listings Requirements ("the general authority"). In accordance with the general authority, the directors entered into a subscription agreement with Sanlam Private Investments (Pty) Ltd ("Sanlam") on 10 May 2011, to subscribe for 2 500 000 Sephaku Holdings shares at a price of R3.50 ("the issue"), being a 12.5 per cent premium to the 30- day VWAP of Sephaku Holdings' shares. This brings the total number of shares issued under the general authority, in the current financial year, to 12 586 936.



The JSE has granted approval to list the 2 500 000 new Sephaku Holdings shares on Monday, 16 May 2011. Following the listing and the issue of the new Sephaku Holdings shares to Sanlam, the company will have 168 392 298 total shares in issue and the issue to Sanlam will equate to 1.48 per cent of the issued share capital of the company. The 2 500 000 new Sephaku Holdings shares will rank pari passu with the existing Sephaku Holdings shares in issue.



Pro forma financial effects of the issue

Before - after:

* Net asset value per share: 466.65 - 464.92

* Ordinary shares in issue: 165 892 298 - 168 392 298

* Basic earnings / (loss) from continuing operations: 250.21 - 246.29

* Headline (loss): (24.18) - (23.80).
20-Apr-2011
(Official Notice)
31-Mar-2011
(C)
Operating loss for the interim period ended 31 December 2010 widened to R14.4 million (loss of R11.2 million) and profit attributable to ordinary shareholders of the company had a huge turnaround to R372.2 million (loss of R49.8 million). Also, headline loss per share was reduced to 24.18cps (loss of 30.84cps).



Dividend

No dividend was declared for this period.



09-Mar-2011
(Official Notice)
As per the SENS announcement, dated 28 August 2009, the company has adopted the net asset value per share ("NAVPS") measure for trading statements. The NAVPS measure for trading statement purposes is considered a more relevant yardstick of the performance of the group than headline earnings per share and earnings per share. Due to the change in the company's year end from 28 February to 30 June, as decided at the shareholders meeting held on 29 January 2009, the NAVPS for the six months ended 31 December 2010 has been compared to the NAVPS for the company at 28 February 2010. Shareholders of Sephaku are advised that the company is expecting an increase in NAVPS of between 40% and 50% compared to the NAVPS at 28 February 2010. The increase in NAVPS is mainly attributable to the corporate actions undertaken by the company during 2010, namely, the issue of shares for cash by Sephaku Cement (Pty) Ltd to Dangote Industries Ltd in order to settle a loan of R75.6 million and the subscription of shares in an amount of R703.4 million, and the payment to shareholders by way a dividend in specie of one ordinary share in Incubex Minerals Ltd for every ten Sephaku Holdings shares held. Shareholders are referred to the circular issued on 30 September 2010 and the pro forma effects on page 93 of the circular, and the SENS announcements dated, 25 August 2010 and 30 September 2010. The results for the six months ended 31 December 2010 will be published towards the end of March 2011.
28-Feb-2011
(Official Notice)
Mr Morrison Smit has resigned as the financial director of the company with effect from 28 February 2011. Furthermore, the board announced the appointment of Mr Steven Steyn as acting chief financial officer with effect from 28 February 2011.
11 Nov 2010 17:04:19
(Official Notice)
Shareholders are advised that the heading to the previous announcement relating to the results of the annual general meeting erroneously made reference to the resignation of a director and should only have read "results of annual general meeting".
11 Nov 2010 17:02:20
(Official Notice)
Shareholders are advised that all the ordinary and special resolutions which were proposed at the annual general meeting held on 11 November 2010 were passed with the requisite majorities of votes. The special resolution will be lodged with CIPRO for registration as soon as is possible.
28 Oct 2010 08:41:27
(Media Comment)
According to Business Report, Sephaku Cement believes its two new cement plants will be between 15-20% more efficient than existing plants in South Africa. The CE of Sephaku Cement, Pieter Fourie, said the new plants will utilise new technology and have logistical advantages. As a result, Fourie said Sephaku Cement's costs will be lower and its margins higher. The new plants will have an annual capacity of 2.2 million tons by 2012.
15 Oct 2010 12:06:32
(Official Notice)
Shareholders are advised that all the resolutions which were proposed at the general meeting held on 15 October 2010 were passed with the requisite majorities of votes. The conditions precedent to the distribution to Sephaku Holdings shareholders, as a dividend in specie, of all of the issued shares in Incubex in the ratio of one Incubex share for every ten Sephaku Holdings shares held on the record date ("the distribution") have therefore been fulfilled and the distribution will therefore proceed in accordance with the dates set out in the announcement dated 30 September 2010. Furthermore, all conditions precedent to the issue of shares for cash by Sephaku Cement (Pty) Ltd, an 80.22% held subsidiary of Sephaku Holdings, to Dangote Industries Ltd ("Dangote") in order to settle a loan of R75.4 million and for the subscription of shares in an amount of R703.4 million ("the Dangote issue") have therefore also been fulfilled.
14 Oct 2010 16:09:25
(Official Notice)
Shareholders are referred to the announcements dated 7 January 2010 and 1 February 2010 concerning an agreement dated 20 December 2009 ("the gold and nickel agreement") relating to the sale by the company of its 100% holding in Sephaku Gold Holdings (Pty) Ltd and its 26% interest in African Nickel Holdings ("the gold and nickel assets") to Mr. Mong Seng Wu, Mandra Capital and/or their nominees (jointly referred to as the "Wu Group") for a total cash consideration of R80 million which was to be settled in four equal tranches over the subsequent 12 months ("the gold and nickel sale").



Amendment to the terms of the gold and nickel agreement

Shareholders are advised that the company has renegotiated the terms of the gold and nickel agreement, which has resulted in the exclusion of the nickel assets from the gold and nickel sale. The cash consideration of R80 million for the gold and nickel assets has accordingly been reduced to R60 million for the gold assets only. The company is at an advanced stage of negotiations with a well known, black economic empowerment group to dispose of the nickel assets on the same material terms as the terms agreed with the Wu Group in the gold and nickel agreement.



Withdrawal of cautionary

Shareholders are referred to the announcement dated 30 September 2010 which contained a cautionary announcement and are advised that, following this announcement, caution is no longer required to be exercised by shareholders when dealing in their securities.
30 Sep 2010 18:41:15
(Official Notice)
30 Sep 2010 18:39:20
(C)
Revenue was recorded at R6.2 million for the sixteen months to 30 June 2010. Gross profit was R3.4 million, while loss attributable to equity holders was at R71.5 million. Headline loss per share was recorded at 63.23cps.



Dividend

No dividend has been declared for the period under review.



Outlook

The forthcoming year will see the company consolidate its position as one of South Africa's leading emerging industrial minerals exploration and development companies, with plant construction under way and production drawing closer The continued strategic realignment of the Sephaku Holdings group will provide clarity to shareholders and the market at large.

25 Aug 2010 11:07:40
(Official Notice)
13 Jul 2010 17:01:43
(Official Notice)
Shareholders are referred to the announcement dated 1 February 2010 relating to the proposed restructuring of Sephaku ("the restructuring") and to the announcements dated 1 June 2010 and 4 June 2010 which included information relating to the heads of agreement concluded with Dangote Industries Ltd ("Dangote") in terms of which, inter alia, Sephaku Cement (Pty) Ltd ("Sephaku Cement"), an 80.22% owned subsidiary Sephaku, will issue shares to Dangote, subject to various conditions precedent, in an aggregate amount of R779 million for the funding of its cement project ("the Dangote issue"). Shareholders are reminded that the company is still trading under a cautionary and that, until an announcement providing additional and final details relating to the restructuring and the Dangote issue, including the relevant financial effects, is released, they should continue to exercise caution when dealing in their Sephaku shares.
04 Jun 2010 17:20:46
(Official Notice)
Shareholders are referred to the announcement dated 1 June 2010 which included information relating to the heads of agreement signed with Dangote in terms of which, inter alia, Sephaku Cement (Pty) Ltd ("Sephaku Cement"), an 80.2% owned subsidiary of Sephaku Holdings, will issue shares to Dangote, subject to various conditions precedent, in an amount of R779 million ("the Dangote issue") for the funding of its cement project ("the cement project")("the Dangote agreement"). Shareholders are advised that Dangote has agreed to provide a loan to Sephaku Cement in an amount of USD10 million as an initial tranche of the subscription price of R779 million for the Dangote issue by not later than 30 June 2010 in order for the Sephaku group to progress work on the cement project immediately ("the loan"). Provided that Sephaku Holdings secures irrevocable undertakings from the holders of no less than 50.1% of the company's issued shares to approve the Dangote issue and certain associated transactions, the loan will be settled with a pro rata portion of the total number of Sephaku Cement shares to be issued in terms of the Dangote issue. The Dangote issue will be subject to the resolutive condition that the Dangote issue is not approved by the requisite majority of 50.1% of Sephaku Holdings' shareholders by 31 August 2010, in which event the loan shall become repayable by Sephaku Cement to Dangote on commercial terms.



Termination of certain other negotiations

Shareholders are also advised that, in light of the Dangote agreement, all negotiations with the global financial institution, which were referred to in the announcement released by the company dated 1 February 2010, have been terminated.



Reminder of cautionary

Shareholders are reminded that the company is trading under a cautionary and, until further announcements providing additional details relating to the funding for the cement project, including the relevant financial effects, are released, that they should therefore continue to exercise caution when dealing in their Sephaku Holdings shares.
01 Jun 2010 17:12:30
(Official Notice)
Shareholders are referred to the cautionary announcements dated 20 November 2009, 7 January 2010, 15 March 2010 and 30 April 2010 and to the announcement dated 1 February 2010 which included information relating to the funding of the cement project held by the company's 80.2%-held subsidiary, Sephaku Cement (Pty) Ltd ("Sephaku Cement") ("the Cement Project").



Agreement with Dangote

A heads of agreement has been signed with Dangote in relation to the funding of the Cement Project ("the Dangote agreement") Dangote is one of Nigeria's largest manufacturing conglomerates with interests in cement, sugar, salt and flour. Dangote, who currently holds a 19.8% interest in Sephaku Cement, will be the largest producer of cement in sub-Saharan Africa by 2011.



Equity funding

In terms of the Dangote agreement and subject to, inter alia, shareholder approval and the approval of the JSE Ltd and any other requisite regulatory bodies, Sephaku Cement will undertake an issue of additional shares to Dangote in order to raise R779 million ("the Dangote issue"). This will result in Dangote holding a 64% interest in Sephaku Cement. The implementation of the Dangote issue will provide the entire equity requirements for the Cement Project.



Debt funding

In terms of the Dangote agreement, Dangote has also agreed to:

*provide the necessary guarantees required for Sephaku Cement to secure the debt funding required for the Cement Project;

*fund any overruns on the Cement Project with a loan on commercial terms up to an amount of R265 million; and

*fund Sephaku Cement's limestone exploration programme relating to its assets in the Western Cape and Limpopo Province with a loan on commercial terms up to an amount of R35 million.



Further cautionary

Further announcements providing additional details relating to the funding for the Cement Project, including the relevant financial effects, will be released as soon as possible. Until such time, shareholders should continue to exercise caution when dealing in their Sephaku shares.
31 May 2010 18:47:43
(C)
Revenue for Sephaku's first year as a listed company amounted to R2.5 million. The operating loss almost doubled to R67.3 million (loss of R38 million). The net attributable loss almost quadrupled to R43.9 million (loss of R11 million). In addition, the headline earnings loss widened dramatically to 43.09cps (loss of 9.35cps).



Prospects

The group announced during January 2010 that it will unbundle its exploration assets. This process is currently being planned and shareholders should be given notice of a shareholders meeting to approve the unbundling within the next few weeks. The group has also agreed to raise additional capital through equity and debt for its proposed cement operation. This will also be dealt with in detail in the above mentioned notice to shareholders.
30 Apr 2010 17:06:11
(Official Notice)
Shareholders are referred to the cautionary announcements dated 20 November 2009, 7 January and 15 March 2010 and to the announcement dated 1 February 2010 which included information relating to the proposed restructuring of the Sephaku Holdings group ("the restructuring") and the funding of the cement project held by the company's 80.2%-held subsidiary, Sephaku Cement (Pty) Ltd.



Shareholders are advised that details of the restructuring are still being considered and that negotiations relating to the funding of the cement project are continuing. Shareholders should therefore continue to exercise caution when dealing in their Sephaku Holdings shares until a full announcement relating to these matters can be made.

15 Mar 2010 14:02:01
(Official Notice)
Shareholders were referred to the cautionary announcements dated 20 November 2009 and 7 January 2010 and to the announcement dated 1 February 2010 which included information relating to the proposed restructuring of the Sephaku Holdings group ("the restructuring") and the funding of the cement manufacturing project, which will be located near Lichtenburg ("the Aganang project"), and the cement grinding plant, which will be located in Delmas ("the Delmas project"), both of which are held by the company's 80.2%-held subsidiary, Sephaku Cement (Pty) Ltd ("Sephaku Cement").



Shareholders were advised that details of the restructuring were still being considered and that negotiations relating to the funding of the Aganang and Delmas projects are progressing. In the meantime, Nedbank Capital, a division of Nedbank Ltd, has been appointed by Sephaku Cement as lead arranger for the R1.8 billion project finance facilities required for the projects. Shareholders should continue to exercise caution when dealing in their Sephaku Holdings shares until a full announcement relating to these matters can be made.
01 Feb 2010 14:11:29
(Official Notice)
As the pro forma financial effects relating to the gold and nickel sale have now been announced, shareholders need no longer exercise caution in this regard when trading in the company's securities. Shareholders are referred to the cautionary announcements dated 20 November 2009 and 7 January 2010 and the information presented above relating to the funding of the Sephaku Cement Project and are advised that they should continue to exercise caution when dealing in their Sephaku Holdings shares until a full announcement relating to such funding arrangements can be made. The attention of shareholders is also drawn to the announcement released on SENS on Friday 29 January 2010 which provides an update on the company's Fluorspar Project.
01 Feb 2010 14:04:11
(Official Notice)
29 Jan 2010 17:30:29
(Official Notice)
07 Jan 2010 14:05:37
(Official Notice)
10 Dec 2009 17:23:41
(Official Notice)
In May 2009, the directors of Sephaku Holdings requested Venmyn Rand (Pty) Ltd to complete an independently compiled definitive feasibility study on the company's proposed Nokeng fluorspar mine in the form of a competent person's report in accordance with the requirements of:

*The South African code for the reporting of exploration results, mineral resources and mineral reserves

*The South African code for the reporting of mineral asset valuation.



The valuation of the Nokeng mine conducted by Venmyn was based on the cash flow and market valuation approaches, using the following parameters:-

*A CaF2 price of USD314.48/t

*A real discount rate of 12.0%

*An exchange rate of ZAR8.20/USD.

Using the cash flow approach, Venmyn determined a "fair" value for the Nokeng mine of R279.338 million, with an upper and lower valuation range of R365.515 million and R193.161 million respectively. The total Mineral Reserve tonnage for the Nokeng mine of 12.195Mt of ore, at an average grade of 27.2% CaF2, equates to 3.314Mt of contained CaF2. Applying the total mineral reserve tonnages for the Nokeng mine of 3.314Mt contained CaF2 to the respective ZAR/t CaF2 values determined from the recent disposal by Metorex Limited ("Metorex") of its interest in the Vergenoeg mine, the "fair" (attributable) value for the Nokeng mine using the market approach was determined as R374.708 million, with an upper and lower valuation range of R401.892 million and R347.524 million respectively.



Venmyn, as the competent valuator, is of the view that the 25.5% discount to the "fair" value when comparing the cash flow approach to the market approach is justified for the following reasons:-

*The Vergenoeg mine is a production property with a long history, compared to the Nokeng mine which is a development property

*The mining right application and the environmental impact assessment have been submitted and accepted but the environment management programme report is in process and has not been approved

*The funding required for the Nokeng mine has not yet been secured.



Venmyn has approved the information presented above, in writing, to the board of Sephaku Holdings.
02 Dec 2009 12:10:36
(Official Notice)
Sephaku Holdings announced that, with effect from Tuesday 1 December 2009, Mr Pieter Fourie has been appointed to the board as non-executive director.
27 Nov 2009 18:10:29
(C)
An operating loss of R99.1 million was recorded in Sephaku's first interim results that the company published as a listed entity. A net attributable loss of R78.3 million was registered and a headline loss of 45.08cps was made



Prospects

During the next six months, the first revenue stream from the ash project can be expected and the funding of the cement project should be finalised. Caltlin Investments (Pty) Ltd obtained approval from the Department of Mineral Resources for the transfer from BHP Billiton SA Ltd of the prospecting right for fluorspar on the farm Naauwpoort and subsequently an application was made and accepted for a mining right for fluorspar on portions of the farms Naawpoort and Kromdraai. During the following six months, the group will complete the definitive feasibility study on the fluorspar project, based on which it will start sourcing funding for the project.
20 Nov 2009 17:10:09
(Official Notice)
Shareholders are advised that Sephaku has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
20 Nov 2009 17:09:06
(Official Notice)
With effect from Friday, 20 November 2009, Dr David Twist, who is currently the alternate director for Mr Rudolph de Bruin, has become the alternate director for Mr Morrison Smit and Mr Johannes Wilhelm Wessels has been appointed to the board as the alternate director for Mr Rudolph de Bruin.
09 Nov 2009 13:09:55
(Official Notice)
Sephaku Cement (Pty) Ltd ("Sephaku Cement"), an 80.2% held subsidiary of Sephaku Holdings, recently received approval for an Environmental Impact Assessment from the Mpumalanga Department of Agriculture and Land Administration by way of a Record of Decision ("ROD") for the Delmas milling plant. The ROD provides Sephaku Cement with the final go ahead to commence with construction on its proposed cement milling plant in Delmas, subject to raising the necessary funding.



Sephaku Ash, a division of Sephaku Cement, has concurrently commissioned phase two of the Fly Ash Facility at Eskom's Kendal power station. Raw ash received from the power station can now be reclassified into finer particles known as unclassified Hard Ash and classified Smart Ash. The Hard Ash will be supplied to Sephaku Cement's Delmas milling plant, where it will be added to the milling process producing extended cement. Sephaku Ash will also supply fly ash directly to the construction and ready mix markets, where a healthy initial interest for the product has been received.
06 Nov 2009 09:43:37
(Media Comment)
Sepakhu may be undervalued, according to Finweek. Sephaku's current market capitalisation of R498 million is not much more than the R420 million the company paid for a controlling stake in its cement projects in late-2008. According to the company's pre-listing documentation, Sephaku's 55% stake in the cement projects is worth 1 200cps. This means that Sephaku could be a worthwhile investment over the longer term.
28 Aug 2009 16:22:59
(Official Notice)
Shareholders are advised that, owing to the nature of the business conducted by the company and its subsidiaries, being that of mining exploration and development, the board of the company has decided to adopt the net asset value per share ("NAVPS") measure for trading statement purposes as NAVPS is considered a more relevant yardstick of the performance of the group than headline earnings per share and earnings per share.
28-Mar-2017
(X)
Sephaku Holdings Ltd. (SepHold) is a building and construction materials company with a portfolio of investments in the cement and ready mix sectors in South Africa. The company's core investments are a 36% stake in the associate Dangote Cement South Africa, formerly Sephaku Cement (Pty) Ltd. (CEMENT), and 100% in M?tier Mixed Concrete (Pty) Ltd. (M?tier). SepHold's strategy is to generate income and realise value for shareholders through the production of cement and ready-mixed concrete in southern Africa.


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