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14-Nov-2018
(C)
Turnover for the year increased by 5.9% to R101.018 billion (2017: R95.373 billion), gross profit rose to R10.793 billion (2017: R10.210 billion), operating profit was 7.9% higher at R2.779 billion (2017: R2.576 billion), profit for the year attributable to ordinary shareholders improved slightly by 0.4% to R1.827 billion (2017: R1.821 billion), while headline earnings per share grew 1.4% to 965.7 cents per share (2017: 952.8 cents per share).



Dividend

A gross final cash dividend of 459 cents per share has been declared by the board in respect of the year ended 30 September 2018. The dividend has been declared out of income reserves. This brings the total gross dividend for the year to 729 cents per share (2017: 675 cents per share).



Company prospects

Against the backdrop of subdued consumer and business confidence in Southern Africa, the trading environment is expected to remain largely unchanged in the medium term. While food price inflation has recently dropped to extremely low levels, there are discernible signs that the cycle will start to turn. Recent record movements in fuel prices and continued foreign currency weakness also indicate that consumers will remain under pressure, with a constrained spending outlook. In response, SPAR's extensive distribution capability and market-leading brands are well positioned to deliver exceptional value to consumers and to also ensure that its independent retailers remain suitably positioned to meet these economic challenges.



The Irish business outlook, still influenced by Brexit uncertainties, remains positively cautious in both territories where they operate. Management's proactive response to market changes should ensure that SPAR Ireland will deliver a result in line with expectations. The acquisition of the Corrib Food Products wholesale business subsequent to the reporting date will further strengthen the Irish group's growth objectives.



The Swiss business will maintain its focus on driving the identified strategic initiatives to improve the turnover performance. The group continues to recognise that these objectives will take time to realise, but positive changes are being recorded.



The group remains well positioned to continue to create value for shareholders through its growing, diversified business and well-established retail brands.
31-May-2018
(Official Notice)
Further to the interim results announcement published on SENS on Wednesday, 30 May 2018, it is confirmed that the company?s normalised headline earnings per share information was incorrectly stated as 509.1 cents per share, as a result of an error arising from the disclosure of the net exchange differences and foreign exchange translation arising from SPAR Holding AG financial liability.



The correct information is detailed as in the relevant SENS note.
31-May-2018
(Media Comment)
According to Business Report, the Spar Group acquired assets of 5 retail stores in South Africa and plans to add 2 more retail stores in Sri Lanka through a 50/50 joint venture to establish Spar SL. The acquisitions are funded through cash resources. Furthermore, the group acquired a 60% stake in a pharmaceutical wholesaler Fifth Season Investments to grow its pharmacy business. In addition to the shopping centre acquisition in Kwazulu-Natal the group increased its store network and completed store upgrades to 131 stores. The group's liquor and building divisions reported positive growth.
30-May-2018
(C)
Revenue for the interim period increased by 5.3% to R50.941 billion (2017: R48.381 billion), gross profit climbed to R4.968 billion (2017: R4.538 billion), operating profit rose 9.1% to R1.316 billion (2017: R1.207 billion), while profit for the period attributable to ordinary shareholders jumped 13.2% to R1.028 billion (2017: R908 million). Furthermore, headline earnings per share grew 13.85% to 541.2 cents per share (2017: 475.5 cents per share).



Dividend

An interim gross cash dividend of 270 cents per share has been declared by the board in respect of the six months ended 31 March 2018.



Company prospects

Despite the early indications of improving consumer and business confidence in Southern Africa, the trading environment is expected to remain largely unchanged in the medium term. While food price inflation has recently dropped to low levels, there is a real risk that this cycle will start to turn. Recent movements in fuel prices and foreign currency also suggest that consumers will remain under pressure, with a constrained spending outlook. In response, SPAR's extensive distribution capability and market-leading brands are well positioned to deliver exceptional value to consumers and thereby ensure that its independent retailers remain suitably positioned to meet these challenges.



The BWG Group's growth outlook, still underpinned by Brexit uncertainties, remains positively cautious in both territories where they operate. Management's proactive response to market changes should ensure that SPAR Ireland will deliver a result in line with expectation. The acquisition of the 4 Aces wholesale business, subsequent to the reporting date, will further strengthen the Irish group's growth objectives.



The Swiss business will maintain its focus on driving the identified strategic initiatives to improve the performance. These plans will take time to realise but early signs point to positive change.
15-Feb-2018
(Official Notice)
On 7 February 2018, SPAR shareholders approved a special resolution, pursuant to section 45 of the Companies Act, authorising the board of directors (?board?) to provide direct and indirect financial assistance to a related or inter-related company.



Section 45(5) of the Companies Act requires a company to provide written notice to its shareholders, amongst others, of the adoption of a board resolution to provide financial assistance if the total value of all loans, debts, obligations or assistance contemplated in that resolution, together with any previous such resolution during the same financial year, exceeds one-tenth of 1% of the company?s net worth at the time of the resolution.



The board has adopted the following resolutions:

* during the period 1 March 2018 to 28 February 2019, the company shall provide financial assistance to The SPAR Group Ltd. Employee Share Trust (2004) (?Trust?) of an amount of R200 000 000.00 (Two Hundred Million Rand) in order for the Trust to meet its obligations (i.e. acquire shares in the market) with regards to enabling the share option holders to exercise their share options;

* the board is satisfied that immediately after providing this financial assistance, the company will satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act; and

* the board is satisfied that the terms under which the financial assistance is proposed to be given, are fair and reasonable to the company.



This notice is provided because the value of the financial assistance referred to in paragraph 4 exceeds the threshold stated in paragraph 3.
07-Feb-2018
(Official Notice)
SPAR shareholders (?shareholders?) are advised that at the annual general meeting (?AGM?) of shareholders held on Wednesday, 7 February 2018, the ordinary and special resolutions, as set out in the notice of AGM dated Tuesday, 14 November 2017, were approved by the requisite majority of shareholders present or represented by proxy.
07-Feb-2018
(Official Notice)
The SPAR Group increased sales by 7.0% from R31.6 billion to R33.8 billion for the seventeen (17) week trading period ended 27 January 2018 (?Period?) when compared to the same period for 2017.



Group sales in South Africa increased by 7.9%, which were positively impacted by the newly acquired S.Buys pharmaceutical business being recognised for the Period. On a like-for-like basis, the South African Group sales increased by 6.4%, reflecting the continued weak consumer spend. The core SPAR business reported sales growth of 5.7% with same-store sales increasing 4.1%. Internally measured price inflation of about 2.2% decreased substantially from the previous period largely driven by commodity price deflation. Liquor sales remained strong with growth exceeding 11.1% in an extremely competitive retail sector. The Build It business reported surprisingly strong results with sales growth of 7.2%.



The Group?s Irish business once again recorded good festive season trading and solid growth across all retail brands. In euro currency terms, this business increased turnover by 4.7%. Combined with a slightly weakened rand this business reported sales growth of 11.1%.



The Swiss business continued to reflect the negative market conditions and sales declined -5.6% in rand terms (-3.9% in Swiss franc currency). Management is satisfied that the implemented strategy is starting to show improved results.



The financial results for the six months ending 31 March 2018 will be released on SENS on or about Wednesday, 30 May 2018.
27-Dec-2017
(Official Notice)
Shareholders are referred to the announcement published on SENS on Friday, 22 December 2017 informing shareholders of, inter alia, the posting of the Company?s abridged 2017 Integrated Annual Report, incorporating summarised Annual Financial Statements and the notice of annual general meeting (?Abridged IAR?).



Shareholders are hereby advised that the posting of the Abridged IAR was delayed and same will only be posted on Thursday, 4 January 2018.



The Abridged IAR and the Company?s 2017 Integrated Annual Report and Annual Financial Statements for the year ended 30 September 2017, are available on the Company?s website at www.spar.co.za.
22-Dec-2017
(Official Notice)
Shareholders are advised that the company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003, is available on the company?s website at www.spar.co.za.
22-Dec-2017
(Official Notice)
Shareholders are advised that the company?s 2017 Integrated Annual Report (?IAR?) and Annual Financial Statements for the year ended 30 September 2017 ("Annual Financial Statements") are available on the company?s website at www.spar.co.za.



The company?s abridged IAR, incorporating summarised Annual Financial Statements, was posted to shareholders today, Friday, 22 December 2017.



The Annual Financial Statements and auditors report thereon do not contain any changes to the financial information contained in the preliminary summarised audited results, which were published on SENS on Wednesday, 15 November 2017, or the auditor?s report thereon.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of the company will be held in the company?s boardroom, 22 Chancery Lane, Pinetown, Durban, South Africa on Wednesday, 7 February 2018 at 09:00, to transact the business as stated in the notice of annual general meeting, which forms part of the abridged IAR.
15-Nov-2017
(C)
Turnover for the year increased by 5.3% to R95.461 billion (2016: R90.689 billion), gross profit jumped to R9.631 billion (2016: R8.407 billion), trading profit decreased to R2.583 billion (2016: R2.598 billion), profit for the year attributable to ordinary shareholders rose to R1.820 billion (2016: R1.815 billion), while headline earnings per share lowered 6.6% to 952.5 cents per share (2016: 1 020 cents per share).



Dividend

A gross final cash dividend of 435 cents per share has been declared by the board in respect of the year ended 30 September 2017. The dividend has been declared out of income reserves.



Company prospects

In Southern Africa, despite the expectation that political and economic uncertainties will continue, SPAR remains committed to driving its key strategic focus areas to support retailer profitability and deliver real business growth. These initiatives include ongoing, significant investments in the group?s distribution network, competitive pricing and ensuring a comprehensive product range.



The BWG Group?s growth outlook remains cautious as economic uncertainty in the region continues. Local management have reacted to the prevailing market conditions and are confident of delivering further strong results. This business will be evaluating further potential acquisition opportunities to expand its offering to consumers, while improving services to the existing retail network.



The results achieved in this period are early signs that the turnaround strategy being implemented in Switzerland has started delivering the expected benefits. The management team will continue to focus on retail performance to deliver SPAR?s expected returns.



With its geographically diversified businesses comprising well-established retail brands in its chosen markets, SPAR?s board and management are confident that the group is well placed to continue creating value for shareholders.
15-Nov-2017
(Official Notice)
SPAR announced the appointment of Mr Andrew Geard Waller as an independent non- executive director to the board of directors of SPAR (?Board?), with effect from 7 February 2018.
15-Nov-2017
(Official Notice)
Shareholders are advised that PricewaterhouseCoopers Inc has been appointed as the Company?s external auditor, with Mrs Sharalene Randelhoff acting as the designated audit partner for the current financial year ending 30 September 2018, replacing Deloitte - Touche.



The change in audit firm is effective immediately. The Company initiated this change as a result of the adoption of an audit firm rotation process, given that Deloitte - Touche has been the group?s external auditor for the past 50 years.
01-Jun-2017
(Media Comment)
According to Business Report, Spar intends to increase capital expenditure in its Southern African operations in order to enhance the capacity of its distribution centres. Part of the plan is to acquire land in order to expand the KwaZulu-Natal distribution centre and in Johannesburg west in the future. Although the South African environment had been challenging, the company's distribution centres had withstood these conditions. The group has already spent R213 million in the expansion of perishables facilities in some distribution centres, acquired six corporate stores and upgraded its IT infrastructure. The group plans to update store designs and revise its product offerings to improve its retail offering in some regions.
31-May-2017
(C)
Revenue for the interim period increased by 13.9% to R48.4 billion (2016: R42.5 billion), gross profit jumped to R4.5 billion (2016: R3.7 billion), operating profit decreased by 4.1% to R1.2 billion (2016: R1.3 billion), profit for the period attributable to ordinary shareholders rose by 10% to R908 million (2016: R825.4 million), while headline earnings per share lowered 0.9% to 475.5 cents per share (2016: 480 cents per share).



Dividend

Notice was given that an interim gross cash dividend of 240 cents per share has been declared by the board in respect of the six months ended 31 March 2017.



Company prospects

In South Africa, the tough trading environment is likely to persist for the balance of this year, particularly with the political uncertainty undermining consumer and business confidence. SPAR's extensive distribution capacity and SPAR-branded products that offer exceptional value to consumers ensure that its independent retailers are suitably positioned to address these challenges.



The BWG Group's economic growth outlook is cautious, largely influenced by the Brexit uncertainties. However, management's proactive approach to addressing the slowing sales should ensure SPAR Ireland adapts to the changing conditions and will deliver a result in line with expectation. Recent acquisitions have strengthened this business and further retail consolidation opportunities will be evaluated to achieve its growth objectives.



In Switzerland, the new retail focused management team is tasked with addressing issues in the retail environment and the group recognises that this will take some time to achieve. The focus is primarily on retail execution and performance to achieve the required returns, supported by SPAR Switzerland's world-class distribution capability.
15-Mar-2017
(Official Notice)
This is a notice pursuant to section 45(5) of the Companies Act, No. 71 of 2008 (?Companies Act?).



On 7 February 2017, SPAR shareholders approved a special resolution pursuant to section 45 of the Companies Act authorising the board of directors (?board?) to provide direct and indirect financial assistance to a related or inter-related company.



Section 45(5) of the Companies Act requires a company to provide written notice to its shareholders, amongst others, of the adoption of a board resolution to provide financial assistance if the total value of all loans, debts, obligations or assistance contemplated in that resolution, together with any previous such resolution during the same financial year, exceeds one-tenth of 1% of the company?s net worth at the time of the resolution.



The board has adopted the following resolutions:

- During the period of 9 March 2017 to 28 February 2018, the company shall provide financial assistance to The SPAR Group Ltd. Employee Share Trust (2004) (?Trust?) of an amount of R216 000 000.00 (two hundred and sixteen million rand) in order for the Trust to meet its obligations (i.e. acquire shares in the market) with regards to enabling the share option holders to exercise their share options;

- The board is satisfied that immediately after providing this financial assistance, the company will satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act; and

- The board is satisfied that the terms under which the financial assistance is proposed to be given, are fair and reasonable to the company.



This notice is provided because the value of the financial assistance referred to in paragraph 4 exceeds the threshold stated in paragraph 3.
07-Feb-2017
(Official Notice)
The SPAR Group increased sales by 16,9% from R21.9 billion to R25.6 billion for the 13-week trading quarter ended 31 December 2016 over the comparable period in 2015. Group sales in South Africa increased by 5,8%, which were adversely impacted by a slow-down in the building materials business. Excluding the Build It business, the Group sales increased by 6,2%, with internally measured price inflation of about 8,3%. The Group?s liquor sales remained robust in South Africa, with sales growth exceeding 11.3%.



SPAR retail sales grew by 6,1% with sales in comparable stores up by 5,2%. The Group?s Irish business recorded good festive season trading and solid growth across all retail brands. In constant euro-currency terms, this business increased turnover by 1,5%. However, the impact of both the significant sterling weakness and the strengthened rand resulted in negative reported sales growth of -2,6%.



The Group also recognised the first quarter of 2016 sales performance of the Swiss business, SPAR Holding AG, for the first time. This business was acquired with effect from April 2016. Trading remains difficult in this market but the Group remains optimistic that the work being done at retail level will improve the results.



Shareholders are advised that the financial information contained in this announcement has not been audited, reviewed or reported on by the Group?s auditors. The financial results for the six months ending 31 March 2017 will be released on SENS on or about Wednesday, 31 May 2017.

07-Feb-2017
(Official Notice)
SPAR shareholders (?Shareholders?) are advised that at the annual general meeting (?AGM?) of Shareholders held on Tuesday, 7 February 2017, the ordinary and special resolutions, as set out in the notice of AGM dated Thursday, 22 December 2016, were approved by the requisite majority of Shareholders present or represented by proxy.

22-Dec-2016
(Official Notice)
Shareholders are advised that the Company?s Annual Financial Statements which are contained in the Company?s 2016 Integrated Annual Report (?IAR?) for the year ended 30 September 2016, are available on the Company?s website on www.spar.co.za and are unchanged from the audited summarised consolidated results which were published on SENS on Wednesday, 16 November 2016. The IAR was posted to shareholders today, Thursday, 22 December 2016.



Notice of AGM

Notice is hereby given that the annual general meeting of the Company will be held in the Company?s boardroom, 22 Chancery Lane, Pinetown, Durban, South Africa on Tuesday, 7 February 2017 at 09:00, to transact business as stated in the notice which forms part of the IAR.
19-Dec-2016
(Official Notice)
On 9 February 2016, SPAR shareholders approved a special resolution pursuant to section 45 of the Companies Act authorising the board of directors (?Board?) to provide direct and indirect financial assistance to a related or inter-related company.



Section 45(5) of the Companies Act requires a company to provide written notice to its shareholders, amongst others, of the adoption of a board resolution to provide financial assistance if the total value of all loans, debts, obligations or assistance contemplated in that resolution, together with any previous such resolution during the same financial year, exceeds one-tenth of 1% of the company?s net worth at the time of the resolution.



The Board has adopted the following resolution:

- The Company bind itself to in favour of Barclays Bank Ireland plc as surety and co-principal debtor for any present and future indebtedness of TIL JV Finance Designated Activity Company (a subsidiary of TIL JV Ltd) for an amount of EUR15.6 million, together with any accrued but unpaid interest, costs or charges that may have accrued up to the date of payment made upon a demand in terms thereof;

- The Board is satisfied that immediately after providing this financial assistance, the Company will satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act; and

- The Board is satisfied that the terms under which the financial assistance is proposed to be given, are fair and reasonable to the Company.
16-Nov-2016
(C)
Revenue for the year increased by 24.5% to R92.2 billion (2015: R74.1 million). Gross profit rose to R8.4 billion (2015: R6.4 billion), trading profit climbed to R2.6 billion (2015: R2.3 billion), while profit for the year attributable to ordinary shareholders grew by 27.7% to R1.8 billion (2015: R1.4 billion). Furthermore, headline earnings per share was 22.1% higher at 1 020 cps (2015: 835.5 cps).



Dividend

Notice is hereby given that a gross final cash dividend of 410 cents per share has been declared by the board in respect of the year ended 30 September 2016.



Prospects

In Southern Africa, the group will maintain an uncompromising focus on the organic growth of retailers to ensure their success regardless of the uncertainty of both the economic and political landscape. The Irish economy remains robust and accordingly the BWG Group is well positioned to extend its strong performance from the current year, building on its successes in driving real business growth. The Irish management team remains upbeat about business prospects and growth opportunities despite the economic uncertainties relating to Brexit. Management has identified the issues that need to be addressed in the Swiss operations in order to achieve the expected profitability levels. SPAR remains confident in the investment case and will focus on improving the retail performance, thereby driving returns. Management and the board believe we will continue to prosper in our chosen markets and deliver value to our shareholders.





07-Nov-2016
(Official Notice)
SPAR is in the process of finalising their results for the year ended 30 September 2016 (?Results?) and shareholders are accordingly advised that the company expects to report:

- headline earnings per share to be between 20% and 25% higher (between 1002.6 cents and 1044.4 cents per share) than the 835.5 cents per share for the previous corresponding period; and

- earnings per share to be between 20% and 25% higher (between 985.0 cents and 1026.0 cents per share) compared to the 820.8 cents per share for the previous corresponding period.



The company?s results are expected to be published on or about 16 November 2016.
24-Aug-2016
(Official Notice)
In August 2009, SPAR ordinary shareholders approved a broad based black economic empowerment transaction (?BBBEE Transaction?) pursuant to which SPAR created, allocated and issued convertible, redeemable preference shares to the SPAR BBBEE Retailer Employee Trust and the SPAR BBBEE Employee Trust (collectively, the ?Trusts?). The BBBEE Transaction enabled SPAR employees and retailer employees (the ?Beneficiaries?) to acquire the equivalent of 10% of the ordinary share capital of SPAR in issue at the inception of the BBBEE Transaction.



The BBBEE Transaction matured on 19 August 2016. The Trusts have sold approximately 7.4 million SPAR ordinary shares, on behalf of those Beneficiaries who elected to sell their SPAR ordinary shares for cash, by way of an accelerated bookbuild offering (the ?Offer?), which will settle on 29 August 2016. The Trusts will make an ?in specie? distribution of approximately 48 000 (the ?Distribution?) SPAR ordinary shares to those Beneficiaries who elected to receive SPAR ordinary shares. Following the Offer and the Distribution the Trusts will no longer hold any ordinary shares in SPAR.



The BBBEE Transaction realised gross value of c.R1.5 billion for approximately 16 000 participants.
09-Jun-2016
(Official Notice)
SPAR shareholders are advised that Ms Mandy Hogan has been appointed as Group Company Secretary with immediate effect. Mr Kevin O?Brien will be remaining with SPAR as the Group Risk and Sustainability Executive.



18-May-2016
(C)
Revenue for the interim period increased by 16.8% to R42.484 billion (2015: R36.383 billion). Gross profit rose to R3.659 billion (2015: R3.090 billion), operating profit climbed by 13.8% to R1.258 billion (2015: R1.106 billion), while profit for the period attributable to ordinary shareholders was higher by 5.3% at R825.4 million (2015: R783.6 million). Furthermore, headline earnings per share grew by 5.4% to 480 cents per share (2015: 455.5 cents per share).



Dividend

An interim gross cash dividend of 255 cents per share has been declared by the board in respect of the six months ended 31 March 2016.



Prospects

In South Africa, trading is expected to remain under pressure with constrained consumer spending and persistent high levels of unemployment. Food inflation is showing signs of increasing substantially in the short term due to higher price pressures expected from agricultural outputs as the effects of the drought continue. The economic outlook remains unclear with a weak currency, the threat of increasing interest rates and the added uncertainty of a possible sovereign credit downgrade. Against this backdrop, SPAR will maintain its organic growth focus, supporting its independent retailers with innovative marketing and promotional activity in the second half of the year, while maintaining the momentum of store upgrades, as well as new in-store offerings.



The continued Irish economic recovery provides a solid underpinning for the BWG Group to extend its positive performance for the remainder of the financial year as Europe heads into the summer holiday season. The integration of the Londis retailers into the BWG supply chain will be completed by the end of this financial year and improved cost efficiencies are anticipated.



The acquisition of SPAR Switzerland, which became effective on 1 April 2016, is also expected to make a positive contribution to the group?s performance this year.



Although the impact of the earlier Easter holiday this year impacted reported trading during April, the group?s overall turnover growth for the first seven weeks after March 2016 remained very comparable to the first half. SPAR remains confident that it is positioned to maintain this growth in the second half of the year.
01-Apr-2016
(Official Notice)
SPAR shareholders (?Shareholders?) are referred to the detailed terms announcement released on SENS on 9 March 2016, relating to the agreement concluded, subject to the fulfilment of certain conditions precedent, for the acquisition of 60% of the ordinary shares in SPAR Holding AG (the ?Acquisition?).



Shareholders are hereby advised that all the conditions precedent to the acquisition have been fulfilled and the acquisition is unconditional. The effective date of the Acquisition is 1 April 2016.



30-Mar-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on Tuesday, 29 March 2016 regarding an equity capital raising (?Bookbuild?). SPAR announced that it has successfully closed and priced the Bookbuild.



The Bookbuild was significantly oversubscribed and 11 891 892 new SPAR ordinary shares (?Bookbuild Shares?) constituting approximately 6.86% of the Company?s issued share capital were placed with qualifying institutional investors at a price of R185.00 per Bookbuild Share for gross proceeds of R2.20 billion. As a result of the Bookbuild the net asset value of the Company increased by R2.20 billion and the earnings per share of the Company based on the 30 September 2015 audited financial statements decreased, on a pro-forma basis, by 6.43%. The reduction in earnings per share does not take into consideration any impact on earnings as a result of the R2.20 billion raised in the Bookbuild, the reduction in interest expense arising from the repayment of debt raised to finance the BWG acquisition, or the increase in earnings attributable to the acquisition of SPAR Holding AG in Switzerland.



The issue price represents a discount of 0.18% to the 30-day VWAP of R185.33 of SPAR ordinary shares on the JSE as at close of trade on Tuesday, 29 March 2016. An application will be made to the JSE for the listing of the Bookbuild Shares. Subject to approval by the JSE, listing and trading of the Bookbuild Shares is expected to commence at 09h00 on Wednesday, 6 April 2016. The pro forma financial information has not been reviewed or reported on by the reporting accountants and auditors of SPAR and is the responsibility of the board of directors of SPAR.
29-Mar-2016
(Official Notice)
SPAR announces the launch of an offering of new ordinary shares (?Bookbuild Shares?) to raise approximately R2.0 billion through an accelerated bookbuild offering (?Bookbuild?) to qualifying investors. The Company reserves the right to increase the size of the Bookbuild, subject to demand.



Rationale for the Bookbuild and use of proceeds

As communicated in the SENS announcement released on the 9 th of March 2016, SPAR has concluded an agreement to acquire, subject to conditions precedent, 60% of SPAR Holding AG (?SPAR Switzerland?) for CHF44.5 million on the 1st of April 2016. In addition, in August 2014 SPAR utilised balance sheet capacity to acquire 80% of TIL JV Ltd, the holding company of the BWG group of companies (?SPAR Ireland?) for EUR55 million (R799 million at an exchange rate of R14.5 per Euro). The proceeds from the Bookbuild will be used to fund the purchase price for 60% of SPAR Switzerland and to reduce gearing which increased as a result of, inter alia, the acquisition of 80% of SPAR Ireland and general corporate purposes. The lower level of gearing at SPAR will provide SPAR with the financial flexibility to continue to invest in existing operations and pursue value-enhancing opportunities.



Launch of the Bookbuild

The Bookbuild Shares will be issued under the Company?s existing general authority to issue shares for cash. The Bookbuild is offered to qualifying investors only and is not an offer to the public. The book for the Bookbuild is open with immediate effect and is expected to close as soon as possible. Pricing and allocations will be announced as soon as practicable following the closing of the book. Listing and trading of the Bookbuild Shares is expected to commence at 09h00 on Wednesday, the 6th of April 2016, subject to JSE Limited (?JSE?) approval. Rand Merchant Bank, a division of FirstRand Bank Limited and Morgan Stanley - Co. International plc are, pursuant to a placing agreement entered into with SPAR, acting as joint bookrunners for the Bookbuild. Under the placing agreement SPAR will not, subject to customary exceptions relating to employee share participation and similar arrangements, issue any further ordinary shares for a period of 180 days from the date the Bookbuild is settled, without the prior written consent of the joint bookrunners.

24-Mar-2016
(Official Notice)
SPAR shareholders are advised that at the extraordinary general meeting (?EGM?) of shareholders held on Thursday, 24 March 2016, the ordinary resolution as set out in the notice of EGM dated 24 February 2016 was approved by the requisite majority of shareholders present or represented by proxy. The total number of SPAR shares eligible to be voted at the EGM was 123 248 092.
14-Mar-2016
(Media Comment)
Business Day reported that Spar concluded an agreement to acquire 60% of the ordinary shares of Spar Holding, also known as Spar Switzerland, for Sf44.5 million on April 1. The agreement also gives Spar the right to buy the remaining 40% of the company after five years for Sf6.3 million. CEO Graham O'Connor commented that expanding into Switzerland was a major coup for the Spar group, adding that he had turned down deals in two other geographies, having chosen the developed market, which was "an exceptional fit".



Mr O?Connor said Spar?s market had become saturated in SA, and the group had decided to roll out a relatively large international expansion. This is Spar?s second investment in Europe. The group bought BWG in Ireland in 2014. Mr O?Connor said this had been successful surprisingly quickly.
09-Mar-2016
(Official Notice)
24-Feb-2016
(Official Notice)
Notice of the Extraordinary General Meeting Notice is hereby given that the SPAR extraordinary general meeting (?EGM?) of ordinary shareholders will be held in the Company?s boardroom, 22 Chancery Lane, Pinetown, Durban, South Africa on 24 March 2016 at 10:00 for the purpose of considering and, if deemed fit, passing the resolutions set out in the notice of Extraordinary General Meeting released on SENS and posted to shareholders today, 24 February 2016 (?the Notice of Extraordinary General Meeting?).



Salient dates

The Notice of Extraordinary General Meeting has been sent to shareholders who were recorded as such in the Company?s securities register on Friday, 19 February 2016 being the notice record date set by the Board of the Company and used to determine which shareholders are entitled to receive Notice of the Extraordinary General Meeting.



The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the Extraordinary General Meeting is Friday, 18 March 2016 being the voting record date set by the Board of the Company and used to determine which shareholders are entitled to attend and vote at the Extraordinary General Meeting.



The last day to trade in order to be entitled to vote at the Extraordinary General Meeting will therefore be Friday, 11 March 2016. Proxy forms must be lodged by no later than 09:00 on Tuesday, 22 March 2016. Any forms of proxy not lodged by this time must be handed to the chairperson of the Extraordinary General Meeting immediately prior to the Extraordinary General Meeting.



Cautionary announcement

Shareholders are advised that the Company has entered into negotiations which, if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a detailed announcement is made, which will be released on or about 11 March 2016.
09-Feb-2016
(Official Notice)
The Group increased sales by 14,1% from R24,5 billion to R28,0 billion for the 18-week trading period ended 30 January 2016, over the comparable period in 2015. Excluding the impact of the BWG Group (SPAR Ireland), Group sales in South Africa increased by 8,4%, with internally measured price inflation of 3,9%. Sales in comparable stores grew 7,5% locally.



SPAR Ireland reported sales growth of 36,6%, reflecting both the impact of the acquisition of the ADM Londis business in July 2015 and the devaluation of the Rand. In local currency the SPAR Ireland business increased turnover by 17,8%. The Group?s Build It business showed strong sales growth of 14,6%, with large contributions by the performance of the brand in neighbouring countries.



The Group?s liquor sales remained robust in South Africa, with sales growth exceeding 12,5%. Shareholders are advised that the financial information contained in this announcement has not been audited, reviewed or reported on by the Group?s auditors. The Group?s financial results for the six months ending 31 March 2016 will be released on SENS on or about Wednesday, 18 May 2016.

09-Feb-2016
(Official Notice)
SPAR shareholders are advised that at the annual general meeting (AGM) of shareholders held on Tuesday, 9 February 2016, the ordinary and special resolutions, as set out in the notice of AGM dated 22 December 2015, save for ordinary resolution number 6, were approved by the requisite majority of shareholders present or represented by proxy. The total number of SPAR shares eligible to be voted at the AGM was 173 267 805. The number of shares voted in person or by proxy was 118 536 901 representing 68.41% of the total issued share capital of the same class of SPAR.

03-Feb-2016
(Official Notice)
Shareholders are referred to proposed ordinary resolution number 6 and proposed ordinary resolution number 7 (the ?Resolutions?) as set out in the notice of annual general meeting (?AGM?), contained in the company?s integrated annual report for the year ended 30 September 2015.



The Resolutions propose to provide the company?s directors with the authority to allot and issue up to 25 989 249 ordinary shares, equating to up to 15% of the company?s issued ordinary share capital (excluding treasury shares), for cash or business purposes.



Since the notice of AGM was issued on 23 December 2015, certain events have occurred which have prompted the directors to reassess the maximum number of ordinary shares proposed in the Resolutions. Accordingly, the directors hereby propose and will propose at the AGM to limit the maximum number of shares to be issued under the authority to a maximum of 14 000 000 ordinary shares (up to c. 8.1% of the current issued share capital of the company (excluding treasury shares)).



Furthermore, the directors wish to clarify to shareholders the rationale for the proposed Resolutions. In August 2014, the company acquired an 80% interest in TIL JV Ltd., the holding company of the BWG group of companies for EUR55 million (R799 million at an exchange rate of R14.5 per Euro) (?Purchase Consideration?). The Purchase Consideration was settled with a Rand denominated short-term loan. In addition, the company continues to evaluate value-enhancing bolt-on opportunities. Considering the company?s balance sheet optimisation strategy, and in order to execute on potential opportunities, the directors recommend shareholders vote in favour of the Resolutions.



Any existing proxy forms lodged by shareholders for the AGM will remain valid and binding, unless the shareholder elects to withdraw same and submit a revised proxy form (which shareholders are entitled to do) in accordance with the procedures set out in the notice of AGM.



The date, time and location of the AGM remain unchanged.
23-Dec-2015
(Official Notice)
No change statement

Shareholders are advised that the company?s annual financial statements which are contained in the company?s 2015 Integrated Annual Report (?IAR?) for the year ended 30 September 2015, are available on the company?s website on www.spar.co.za and are unchanged from the audited summarised consolidated results which were published on SENS on 11 November 2015. The IAR was posted to shareholders yesterday, 22 December 2015.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of the company will be held in the company?s boardroom, 22 Chancery Lane, Pinetown, Durban, South Africa on 9 February 2016 at 09:00, to transact business as stated in the notice which forms part of the IAR.



Changes to the board of directors

Notification is hereby given that Peter Hughes and Rowan Hutchinson, having each served 9 and 11 years respectively, as independent non-executive directors of SPAR, will retire with effect from 9 February 2016.
27-Nov-2015
(Official Notice)
In compliance with paragraph 3.59(a) of the JSE Limited Listings Requirements, SPAR announced the appointment of Mrs Marang Mashologu as an independent non-executive director effective from 1 December 2015.







11-Nov-2015
(C)
Turnover for the year increased by 34.5% to R73.3 billion (2014: R54.5 million). Gross profit rose to R6.4 billion (2014: R4.5 billion), trading profit climbed to R2.3 billion (2014: R1.9 billion), while profit for the year attributable to ordinary shareholders grew by 5.6% to R1.4 billion (2014: R1.3 billion). Furthermore, headline earnings per share was 6.9% higher at 835.5cps (2014: 781.8cps).



Dividend

Notice is hereby given that a final gross cash dividend of 393 cents per share has been declared by the board in respect of the year ended 30 September 2015.



Prospects

Although the trading environment in Southern Africa is expected to remain challenging, SPAR's brands are well positioned to continue serving our diverse customers. Furthermore, the prospects in Ireland are improving as economic recovery and growth are set to continue. The group is therefore well positioned to extend its position in both geographic segments.



The focus areas in South Africa for the year ahead include the opening of new stores across all brands, as well as supporting organic growth through further store refurbishments. The group will continue to invest in its warehousing and distribution capacity to support growth, with the slow-moving goods warehouse to be completed at South Rand, as well as commencing significant expansions to both of the Cape distribution facilities.



Among BWG's priorities for the year ahead include completing the full integration of Londis retailers to unlock the inherent distribution efficiencies and synergies. Its brands remain well positioned to continue benefiting from an improving Irish economy. SPAR's business model, which is grounded in our voluntary trading relationship with our network of independent retailers, remains robust. The board supports management's renewed strategic focus on extracting optimal value from the model to the mutual benefit of the group and our stakeholders.
03-Nov-2015
(Official Notice)
Shareholders of SPAR (?shareholders?) are referred to the announcement released on SENS on 6 August 2015, relating to the appointment of Ms Tantaswa Fubu as an independent non-executive director.



In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that due to Ms Fubu?s desire to return to full time employment she has chosen to withdraw from her appointment to the SPAR board.
06-Aug-2015
(Official Notice)
In compliance with paragraph 3.59(a) of the JSE Ltd. Listings Requirements, Spar announced the appointment of Ms Tantaswa Fubu as independent non-executive director effective from 10 November 2015.



Tantaswa is a chartered accountant and holds various other academic qualifications. She is currently President of the Association for the Advancement of Black Accountants of Southern Africa, a member of the Presidential BEE Advisory Council, Accounting member of the South African Tax Court and a non-executive director of Grindrod Ltd. and Santam Ltd.



The board of directors look forward to the value and input that Tantaswa will bring to the Spar board.
22-Jun-2015
(Official Notice)
On 13 February 2015, the shareholders of Spar approved a special resolution authorising the board of directors of Spar (?the Board?) to provide financial assistance to related and inter- related companies.



The Board has, pursuant to the above authorisation and in accordance with section 45 of the Act, resolved to provide a guarantee to The Governor and Company of the Bank of Ireland, in its capacity as Security Trustee for various lending Banks, to secure the banking facilities required by Caher Ltd. (an Irish subsidiary of Spar) and its subsidiary companies (together ?the Borrowers?) in an aggregate capital amount of EUR220 million (Two Hundred and Twenty Million Euros).



The total financial assistance to be provided to the Borrowers exceeds one-tenth of one percent of Spar?s net worth.



This notice is required to be provided, in terms of section 45(5) of the Act, because the threshold referred to in paragraph above has been exceeded.
20-May-2015
(C)
Turnover for the interim period increased by 40.7% to R36.0 billion (2014: R25.6 billion). Gross profit was higher at R3.1 billion (2014: R2.1 billion), trading profit rose to R1.2 billion (2014: R895.5 million), while profit for the period attributable to ordinary shareholders climbed by 21.9% to R783.6 million (2014: R642.9 million). Furthermore, headline earnings per share grew by 22.4% to 455.5cps (2014: 372cps).



Dividend

Notice is hereby given that an interim gross cash dividend of 239 cents per share has been declared by the board in respect of the six months ended 31 March 2015.



Prospects

For the remainder of the financial year, continued pressure on consumer spending in South Africa is anticipated with subdued economic growth and a resultant lack of job creation. The impact of the current drought on maize pricing is likely to increase pressure on food inflation. Further, the risk of increased load-shedding by power utility, Eskom, in the winter months could pose additional pressure on retail sales. While the strong performance of Spar's brands in South Africa in the first half place it on a solid footing, the competitive retail trading environment is unlikely to ease.



The Irish retail market continues to show encouraging signs of recovery, as the economic recovery has been confirmed. Although increased consumer spending has yet to materialise, imminent tax reductions, increased levels of employment and reduced mortgage costs are expected to buoy consumer demand going forward. The timing of the BWG acquisition in the prior period will also impact on the revenue growth performance in the second half as it enters the comparative base.



Spar's trading performance for the first seven weeks after March 2015 has remained strong while being influenced by the timing of the Easter holidays. Spar remains confident that it is well positioned to maintain this growth in the second half of the year.
06-May-2015
(Official Notice)
SPAR is in the process of finalising their results for the six months ended 31 March 2015 (?Results?) and shareholders are accordingly advised that the Company expects to report:

*headline earnings per share to be between 20% and 25% higher (between 446.4 cents and 465.0 cents per share) than the 372.0 cents per share for the previous corresponding period; and

*earnings per share to be between 20% and 25% higher (between 446.5 cents and 465.1 cents per share) compared to the 372.1 cents per share for the previous corresponding period.



The above information has not been reviewed or reported on by the Company?s auditors. The Company?s Results are expected to be published on or about 20 May 2015.
03-Mar-2015
(Official Notice)
This is a notice pursuant to section 45(5) of the Companies Act.



On 13 February 2015, Spar shareholders approved a special resolution pursuant to section 45 of the Companies Act authorising the board of directors (?Board?) to provide direct and indirect financial assistance to a related or inter-related company.



Section 45(5) of the Companies Act requires a company to provide written notice to its shareholders, amongst others, of the adoption of a board resolution to provide financial assistance if the total value of all loans, debts, obligations or assistance contemplated in that resolution, together with any previous such resolution during the same financial year, exceeds one-tenth of 1% of the company?s net worth at the time of the resolution.



The Board has adopted the following resolutions:

*During the period of 1 March 2015 to 29 February 2016, the Company shall provide financial assistance to The SPAR Group Ltd. Employee Share Trust (2004) (?Trust?) of an amount of R200 200 000.00 (Two Hundred Million Two Hundred Thousand Rand) in order for the Trust to meet its obligations (i.e. acquire shares in the market) with regards to enabling the share option holders to exercise their share options;

*The Board is satisfied that immediately after providing this financial assistance, the company will satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act; and

*The Board is satisfied that the terms under which the financial assistance is proposed to be given, are fair and reasonable to the Company.



This notice is provided because the value of the financial assistance referred to in paragraph 4 exceeds the threshold stated in paragraph 3.
16-Feb-2015
(Official Notice)
SPAR shareholders are advised that at the annual general meeting (?AGM?) of shareholders held on Friday, 13 February 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 29 December 2014, were approved by the requisite majority of shareholders present or represented by proxy.
13-Feb-2015
(Official Notice)
Group sales increased by 38.3% for the 17-week trading period ended 24 January 2015 over the comparable period in 2014. Excluding the impact of the BWG Group (SPAR Ireland), Group sales in South Africa increased by 8.7%, with internally measured price inflation of 5.9%. Sales in comparable stores grew by 8.1%.



BWG Group sales are included for the full period. For comparability, sales increased by 1.6% in Euro terms.



The Group?s financial results for the six months to 31 March 2015 will be released on SENS on or about 20 May 2015.
23-Jan-2015
(Official Notice)
Shareholders of SPAR (?Shareholders?) are advised that BWG Group, the Company?s subsidiary in Ireland, has entered into negotiations to acquire the trading business of ADM Londis (?Londis?) for ?23 million (?Proposed Acquisition?). Londis operates in the convenience, forecourt and supermarket sector in Ireland through a range of 200 stores located throughout that country with total annual sales of almost ?200 million.



Completion of the Proposed Acquisition is subject to certain conditions, including Londis? shareholder approval and other regulatory approvals. The Proposed Acquisition falls below the threshold of the categorisation of transactions which require disclosure in terms of the JSE Limited's Listings Requirements. Nevertheless, the board of SPAR deemed it appropriate to inform Shareholders of the Proposed Acquisition.
29-Dec-2014
(Official Notice)
Shareholders are advised that the Company?s Annual Financial Statements which are contained in the Company?s 2014 Integrated Annual Report (?IAR?) for the year ended 30 September 2014, are available on the Company?s website on www.spar.co.za and are unchanged from the audited summarised consolidated results which were published on SENS on 12 November 2014.



AGM notice

Notice was given that the Annual General Meeting of the Company will be held in the boardroom, 22 Chancery Lane, Pinetown, Durban, South Africa on Friday, 13 February 2015 at 09:00, to transact business as stated in the notice which forms part of the IAR.
12-Nov-2014
(C)
Turnover for the year increased by 15% to R54.5 billion (2013: R47.4 million). Gross profit rose to R4.5 billion (2013: R3.8 billion), trading profit climbed to R1.9 billion (2013: R1.7 billion), while profit for the year attributable to ordinary shareholders grew by 13.3% to R1.3 billion (2013: R1.2 billion). Furthermore, headline earnings per share was 12.5% higher at 781.8cps (2013: 694.8cps).



Dividend

A final gross cash dividend of 345cps was declared by the board in respect of the year ended 30 September 2014. The dividend has been declared out of income reserves.



Prospects

As competition in the retail sector intensifies, Spar will continue to focus on aggressively driving new business opportunities, organic growth, stringent cost control and securing operating and supply chain efficiencies. Meanwhile, pressure on consumer spending is likely to persist against a backdrop of muted economic growth, currency weakness, inflationary pressures and rising interest rates.



The group expects to see an improvement in the profitability of the Irish operations in the short term, which should have a positive impact on the group's bottom line by 2016. Spar remains confident that the resilience of its people, its retailers and its business model will allow Spar to produce a strong trading performance in 2015.
11-Aug-2014
(Official Notice)
01-Aug-2014
(Official Notice)
Shareholders of SPAR ("shareholders") are advised that the company has entered into negotiations, which if successfully concluded, may result in 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.
21-May-2014
(C)
Turnover for the interim period increased by 7.6% to R25.6 billion (2013: R23.8 billion). Gross profit was higher at R2.1 billion (2013: R1.9 billion), trading profit rose to R895.5 million (2013: R826.7 million), while profit for the period attributable to ordinary shareholders climbed by 9.4% to R642.9 million (2013: R587.6 million). Furthermore, headline earnings per share grew by 9.1% to 372cps (2013: 341cps).



Dividend

An interim gross cash dividend of 195cps has been declared by the board in respect of the six months ended 31 March 2014.



Prospects

Spar anticipates that market conditions will remain largely unchanged for the remainder of the financial year with continued stress on consumer spending, muted and economic growth. The trading performance for the first seven weeks of the second half of the year has remained consistent, and the group expects sales growth to be broadly in line with the first half.
04-Mar-2014
(Official Notice)
This is a notice pursuant to section 45(5) of the Companies Act. On 11 February 2014, SPAR shareholders approved a special resolution pursuant to section 45 of the Companies Act authorising the board of directors (board) to provide direct and indirect financial assistance to a related or inter-related company. Section 45(5) of the Companies Act requires a company to provide written notice to its shareholders, amongst others, of the adoption of a board resolution to provide financial assistance if the total value of all loans, debts, obligations or assistance contemplated in that resolution, together with any previous such resolution during the same financial year, exceeds one-tenth of 1% of the company?s net worth at the time of the resolution.



The Board has adopted the following resolutions:

*During the period of 1 March 2014 to 28 February 2015, the company shall provide financial assistance to The SPAR Group Limited Employee Share Trust (2004) (Trust) of an amount of R299 976 000 (Two Hundred and Ninety Nine Million Nine Hundred and Seventy Six Thousand Rand) in order for the Trust to meet its obligations (i.e. acquire shares in the market) with regards to enabling the share option holders to exercise their share options;

*The board is satisfied that immediately after providing this financial assistance, the company will satisfy the solvency and liquidity test as contemplated in section 4 of the Companies Act; and

*The board is satisfied that the terms under which the financial assistance is proposed to be given, are fair and reasonable to the company.



This notice is provided because the value of the financial assistance referred to in paragraph exceeds the threshold stated in paragraph.

11-Feb-2014
(Official Notice)
SPAR shareholders are advised that at the annual general meeting (AGM) of shareholders held the requisite majority of shareholders, present or represented by proxy, passed the ordinary and special resolutions as set out in the notice of AGM included in SPAR's 2013 integrated annual report. The non-binding advisory vote received 48,83% support from shareholders.

11-Feb-2014
(Official Notice)
Shareholders are advised that SPAR experienced a challenging trading period for the 17 weeks ended 25 January 2014, with turnover at R16.9 billion, growing 7.4% on a comparative basis against prior year. This performance continues to reflect positive volume growth and low levels of food inflation.The above financial information has not been reviewed or reported on by the Group's auditors. The Group's financial results for the six months ending 31 March 2014 will be released on SENS on or about 21 May 2014.

24-Dec-2013
(Official Notice)
Shareholders are advised that the Company's Annual Financial Statements which are contained in the Company's 2013 Integrated Annual Report ("IAR") for the year ended 30 September 2013, are available on the Company's website on www.spar.co.za and are unchanged from the audited summarised consolidated results which were published on SENS on 13 November 2013.



AGM notice

Notice is given that the Annual General Meeting of the Company will be held in the boardroom, 22 Chancery Lane, Pinetown, Durban, South Africa on Tuesday, 11 February 2014 at 09:00, to transact business as stated in the notice which forms part of the IAR.
13-Nov-2013
(C)
Turnover increased by 9.8% to R47.4 billion (R43.2 billion). Gross profit rose to R3.8 billion (R3.4 billion). Trading profit was higher at R1.7 billion (R1.5 billion) and operating profit was 9.3% up at R1.7 billion (R1.5 billion). Net attributable profit was 12.4% higher at

R1.2 billion (R1.1 billion). In addition, headline earnings per share grew 13% to 696.6cps (616.3cps).



Dividend

A gross final ordinary dividend of 306cps has been declared.



Outlook

The group expects the trading environment to remain challenging with subdued economic growth and continued rand weakness. Nevertheless, Spar remains confident that the resilience of its people, its retailers and its business model will allow us to once again produce a satisfactory trading performance in 2014.
12-Nov-2013
(Official Notice)
The board of directors ("the Board") of SPAR advised shareholders that the CEO of the Company, Wayne Hook, will be stepping down from his position with effect from 31 January 2014 due to his wife being diagnosed with a life threatening illness. Wayne has held the position for the last seven years and will continue to remain a director of the Company. Wayne will remain involved with SPAR and it's subsidiaries in a development role and as such his skills will be retained.



Appointment of new CEO

The board announced the appointment of Graham O'Connor as the new CEO of the Company.
14-Aug-2013
(Media Comment)
Business Day reported that the Spar group today, 14 August 2013, joins the move among food retailers into the service station forecourt market when it opens its first Spar Express store in Germiston, in partnership with fuel giant Shell. The forecourt retail market has become increasingly competitive. Through its partnership with Shell, Spar is testing the waters of the forecourt business with the roll-out of about three or four Spar Express stores in Gauteng over the nine-month period.
15-May-2013
(C)
Turnover rose 9.6% to R23.8 billion (R21.7 billion). Gross profit increased to R1.9 billion (R1.7 billion). Net attributable profit was higher at R589.2 million (R523.8 million). In addition, headline earnings per share grew 12% to 342cps (305.4cps).



Dividends

A gross interim ordinary dividend of 179cps has been declared.



Outlook

The group does not expect market conditions to change significantly over the remainder of the financial year. Spar anticipates that further new store openings, strong marketing supporting our 50th anniversary and a continued focus on costs will allow the company to deliver a satisfactory performance for the second half of the year.
12-Feb-2013
(Official Notice)
Spare shareholders ("shareholders") were advised that at the annual general meeting of shareholders ("meeting") held on Tuesday, 12 February 2013, all the resolutions tabled at the meeting were approved by the requisite majority of shareholders present or represented by proxy.
12-Feb-2013
(Official Notice)
Shareholders are advised that SPAR experienced a challenging trading period for the 17 weeks ended 26 January 2013, with turnover at R15.8 billion growing 10.7% on a comparative basis against the prior year. This performance continues to reflect positive volume growth and moderate levels of food inflation. High fuel costs continue to have some impact on the group's profitability. The group's financial results for the six months ending 31 March 2013 will be released on SENS on or about the 15th May 2013.
18-Dec-2012
(Official Notice)
With regard to the company's consolidated audited results for the year ended 30 September 2012, published on SENS on 14 November 2012, shareholders are advised that the Integrated Annual Report has been posted on the company's website and contains no changes to the aforementioned results. Shareholders are further advised that the hard copies of the Annual Report will be posted during the course of the month.



Notice is hereby given that an annual general meeting of the shareholders of the Company will be held at 22 Chancery Lane, Pinetown, KwaZulu-Natal on Tuesday, 12 February 2013 at 09:00, to transact the business as stated in the notice of annual general meeting, which forms part of the Annual Report.
14-Nov-2012
(C)
Turnover increased by 12.2% to R43.2 billion (R38.5 billion). Gross profit was up at R3.4 billion (R3.1 billion). Trading profit rose to R1.5 billion (R1.4 billion) and operating profit increased by 7.5% to R1.5 billion (R1.4 billion). Net attributable profit improved by 11.2% to R1.1 billion (R952.6 million). In addition, headline earnings per share grew 10.6% to 616.3cps (557.1cps).



Dividend

A final ordinary of 275cps has been declared.



Prospects

The group expects trading conditions to continue to be subdued with low economic growth forecast and consumer spending remaining under pressure. The consumer is likely to be further affected by rising food prices forecast in the 2013 financial year. The group, however, remains optimistic that, by realising growth opportunities, improving our operating efficiencies and tightly controlling costs, we will produce a satisfactory level of earnings in 2013.

30-Aug-2012
(Official Notice)
Mr D B (Dave) Gibbon retired as a non-executive director of Spar, with effect from 7 August 2012.
04-Jun-2012
(Media Comment)
According to Business Day, the Government of Singapore Investment Corporation, one of the biggest sovereign funds in the world, acquired a 5.18% stake in Spar. Nedbank Securities analyst Syd Vianello said that Spar had been consistent and was a solid business. He also added that the group has achieved consistent growth over the past 40 years and that Spar was definitely doing something right.
09-May-2012
(C)
Turnover for the interim period ended 31 March 2012 increased by 13.6% to R21.7 billion (2011: R19.1 billion). Gross profit rose to R1.7 billion (2011: R1.5 billion), operating profit jumped by 10.8% to R782.8 million (2011: R706.6 million), while profit for the period attributable to ordinary shareholders was higher at R523.8 million (2011: R479.2 million). Furthermore, headline earnings per share grew by 9.1% to 305.4cps (2011: 279.8cps).



Dividend

An interim dividend of 155cps (gross) has been declared by the board in respect of the six months ended 31 March 2012.



Prospects

The group does not expect market conditions to change significantly over the remainder of the financial year and consequently expects to deliver a satisfactory performance for the second half of the year. Cash generation will remain strong, buoyed by the fact that operational capital expenditure for the year will not exceed R180 million.
14-Feb-2012
(Official Notice)
SPAR shareholders ("Shareholders") are advised that at the annual general meeting of Shareholders ("Meeting") held on Tuesday, 14 February 2012, with the exception of Ordinary Resolution No. 2 regarding the adoption of The SPAR Group Ltd Forfeitable Share Plan, which was not approved by the requisite majority of Shareholders, all the resolutions tabled at the Meeting were approved by the requisite majority of Shareholders present or represented by proxy.

14-Feb-2012
(Official Notice)
Shareholders are advised that the group experienced an improvement in trading for the quarter ended 24 December 2011 during which turnover increased to R10.98 billion, up 13.5% on last year. The performance reflected increased food inflation supported by solid volume growth. The competitive trading environment continues to have some impact on the group's profitability. The above information has not been reviewed by the company's auditors.
09-Nov-2011
(C)
Turnover increased by 10.4% to R38.5 billion (R34.8 billion). Gross profit was up 13.1% to R3.1 billion (R2.8 billion). Trading profit rose to R1.4 billion (R1.3 billion) and operating profit increased by 7.8% to R1.4 billion (R1.3 billion). Net attributable profit improved by 4% to R952.6 million (R915.8 million). In addition, headline earnings per share grew 3.9% to 557.1c (536.1cps).



Dividend

A final ordinary of 235cps has been declared.



Outlook

The group expects 2012 to be a challenging year with consumer spending remaining under pressure and an increasingly competitive trading environment. Spar is, nevertheless, positive about the opportunities for the business and will continue to focus on improving the performance of the new business initiatives, driving retail growth and realising further cost savings through improved operating efficiencies. The group is confident that the capital expenditure in 2012 will not exceed R190 million. Cash generation is expected to remain positive as capital expenditure is closely controlled and the effective dividend cover is maintained. Where appropriate, surplus cash will be utilised to buy back shares.
22-Jul-2011
(Official Notice)
Spar shareholders ("shareholders") were advised that at the general meeting of shareholders, all the special resolutions contained in the notice of the general meeting and tabled for voting, were passed by the requisite majority of Shareholders present or represented by proxy, without modification.
13-Jul-2011
(Media Comment)
Business Report highlighted that the Spar Group is considering further opportunities elsewhere in Africa and may tailor its business model to expand into other territories. But any expansion outside South Africa will be done cautiously. Wayne Hook, the chief executive, indicated that the expansion would not be rushed, it would be taken step by step. Mr Hook added that the group was looking at a couple of countries. Outside South Africa the group has stores in Namibia, Botswana and Swaziland, and owns a 35% stake in a Zimbabwean business that operates 68 Spar stores. It recently opened a Spar and Build It in Mozambique. Hook added further that the group was considering Angola, but needed to find someone there to work with.
11-May-2011
(C)
Turnover rose by 9.1% to R19.1 billion (R17.5 billion). Gross profit increased to R1.5 billion (R1.4 billion) and operating profit improved by 4.1% to R706.6 million (R678.9 million). Net attributable profit rose to R479.2 million (R474.9 million). In addition, headline earnings on a per share basis grew by 0.6% to 279.8cps (278.1cps).



Dividend

An interim ordinary dividend of 142cps has been declared.



Outlook

The group anticipates that the tough trading environment will continue for the remainder of the financial year. However, continuing lower interest rates and increasing levels of food inflation improves the outlook for trading. The group will, for the remainder of the year, focus on improving the performance of new business initiatives, opening new stores, driving organic growth and stringent cost control.
16-Feb-2011
(Official Notice)
The board of directors announced the appointment of Mr Christopher Wells as an independent non-executive director with effect from 1 April 2011.
14-Feb-2011
(Official Notice)
Shareholders are advised that the group has experienced a challenging trading period for the quarter ended 25 December 2010 ("the period"), during which turnover increased to R9.6 billion, up 9.5% from the previous corresponding period. Furthermore, the performance has reflected strong volume growth but has been impacted by low food inflation. These factors, coupled with a highly competitive trading environment have had some effect on the group's profitability for the period. The group's financial results for the six months ending 31 March 2011 will be released on SENS on or about 11 May 2011.
14-Feb-2011
(Official Notice)
At the annual general meeting of Spar shareholders held today, 14 February 2011, the requisite majority of shareholders approved the ordinary and special resolutions proposed at the meeting. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.

31 Dec 2010 08:33:01
(Official Notice)
With regard to the company's consolidated audited results for the year ended 30 September 2010, published on SENS on 17 November 2010, shareholders are advised that the annual report has been posted and contains no changes to the aforementioned results. Notice is hereby given that an annual general meeting of the shareholders of the Company will be held at 22 Chancery Lane, Pinetown on Monday, 14 February 2011, to transact the business as stated in the notice of annual general meeting, forming part of the annual report.
29 Nov 2010 13:12:30
(Media Comment)
Finweek reported that Spar has set up its own retail division. The move could be seen as a "silent pilot project" to test the viability of setting up a small arm of corporate-owned stores. Group CEO, Wayne Hook, says Spar does not want to lose "key sites" to competitors when retail associates or franchisees shut up shop. However, Hook commented further that Spar has no intention of tampering with its "franchisor business model" by venturing into retail and buying out all its franchisee stores.
17 Nov 2010 08:11:36
(C)
Revenue expanded to R35.2 billion (R32.3 billion) and gross profit grew to R2.8 billion (R2.6 billion). Operating profit rose by 14.2% to 1.3 billion (R1.1 billion), while profit attributable to ordinary shareholders of the company jumped to R915.8 million (R745.2 million). In addition, headline earnings per share improved to 536.1cps (404.5cps).



Dividend

A dividend of 222 cents per ordinary share has been declared for the period ended 30 September 2010.



Prospects

The group expects 2011 to be another challenging year but it is nevertheless positive about the opportunities for its business. The group anticipates that consumer spending will remain under some pressure, however the impact of lower interest rates, improving economic activity and a gradual increase in food inflation are positive signs for an improvement in trading. The group will again focus on aggressively driving new business opportunities, organic growth, stringent cost control and securing operating efficiencies. Cash generation is expected to improve as capital expenditure continues to reduce and the dividend cover is maintained. Where appropriate, surplus cash will be utilised to buy back shares.

02 Nov 2010 15:38:59
(Official Notice)
Shareholders were advised that the costs relating to the black economic empowerment transaction concluded by the company during the financial year ended 30 September 2009 ("FY2009") ("BEE transaction") resulted in the company's earnings and headline earnings for FY2009 and the year ended 30 September 2010 ("FY2010") being reduced by approximately R136.2 million and R13 million, respectively. Shareholders were further advised that as a consequence of the BEE transaction earnings per share ("EPS") and headline earnings per share ("HEPS") for FY2010 are likely to be 15% to 25% and 25% to 40% higher than the reported EPS and HEPS for FY2009, respectively. In the interest of transparent financial reporting, the company wished to further disclose that the EPS and HEPS for FY2010 are likely to only be 2% to 10% and 8% to 15% higher than the EPS and HEPS for FY2009, respectively, after excluding the costs relating to the BEE transaction as described above. It is anticipated that the results for the year ended 30 September 2010 are expected to be published on or about 17 November 2010.
18 Jun 2010 16:02:12
(Official Notice)
Shareholders are advised that Rodney Coe has, after 26 years in the group, decided to retire as the financial director of the company, effective 30 September 2010. Furthermore, shareholders are advised that Mark Godfrey who has been with the group for 14 years has been appointed as the new financial director of the company, effective 1 October 2010. Mark has held a number of financial positions during his career in SPAR.



12 May 2010 08:38:46
(C)
Turnover increased by 8.8% to R17.5 billion (2009: R16.2 billion). Operating profit rose by 13.2% to R685.1 million (2009: R605.1 million) and profit attributable to ordinary shareholders was higher at R474.9 million (2009: R470 million). In addition, headline earnings per share grew by 14.7% to 278.1cps (2009: 242.5cps).



Dividend

An interim dividend of 140 cents per share has been declared in respect of the six months ended 31 March 2010.



Prospect

The group anticipates that the tough trading environment will continue for the balance of the financial year. However, slightly higher levels of inflation and the positive sentiment generated by the World Cup should lead to improved prospects for growth.
09 Feb 2010 14:19:14
(Official Notice)
At the annual general meeting of Spar shareholders held today, 9 February 2010, the requisite majority of shareholders approved the ordinary and special resolution proposed at the meeting. The special resolution will be lodged for registration with the companies and intellectual property registration office in due course.
09 Feb 2010 14:12:08
(Official Notice)
Shareholders are advised that the group has experienced a challenging trading period for the quarter ended 31 December 2009, with turnover at R8.8 billion growing 9.2% on a comparative basis against prior year. This performance continues to reflect positive volume growth and is strongly influenced by a significant decrease in food inflation. The above financial information has not been reviewed or reported on by the group's auditors. The group's financial results for the six months ending 31 March 2010 will be released on SENS on or about the 12th May 2010.
07 Dec 2009 17:09:31
(Official Notice)
Notice was given that an annual general meeting of the shareholders of the company will be held at 22 Chancery Lane, Pinetown on Tuesday, 9 February 2010 at 9:00.



No change statement

The company published its consolidated audited results for the year ended 30 September 2009 on SENS on 11 November 2009 and distributed its Annual Report to shareholders on 7 December 2009. No abridged version of the audited financial statements will be published as there has been no change to the financial information published on 11 November 2009.
11 Nov 2009 10:05:27
(C)
Revenue increased from R26.9 billion to R32.2 billion in 2009. Gross profit increased to R2.6 billion (2008:R2.2 billion) and operating profit increased to R1.1billion (2008:R971.9 million). Profit attributable to ordinary shareholders increased to R745.2 million (R681.6 million). Headline earnings on a per share basis decreased to 404.50cps (405.70cps).



Dividends per share

A final dividend of 200 cps has been declared for the period under review.



Prospects

Management expects 2010 to be another challenging year but are nevertheless positive about the opportunities for the business. It is anticipated that the current relatively low levels of trading activity will continue for at least the first half of the 2010 financial year, whereafter it is likely that volumes will increase. Food inflation is forecast to continue to run at lower levels. The group will aggressively focus on driving new business opportunities, organic growth, stringent cost control and securing operating efficiencies. Cash generation is forecast to improve as capital expenditure reduces and the dividend cover is maintained. Where appropriate, surplus cash will be utilised to buy back shares.
12 Aug 2009 14:13:33
(Official Notice)
Spar shareholders are referred to the announcement published by Spar on SENS on Thursday, 16 July 2009 relating to the proposed broad-based black economic empowerment scheme.

At the general meeting of Spar shareholders held this morning, all ordinary and special resolutions were passed by the requisite majorities. The implementation of the Scheme remains conditional upon the registration of the special resolutions with the companies and intellectual property registration Office.
17 Jul 2009 09:05:47
(Media Comment)
The Spar group's issue of 10% equity to broad-based black economic empowerment trusts will increase loyalty with it's franchise operators, retail analysts agree. Spar's proposal will see 18.9 million redeemable, convertible preference shares, with a par value of 0.06c a share, issued to employees and retailer employees. Forty percent of these new preference shares will be allocated to Spar's 2 700 employees (excluding senior management) with the remaining 60 percent allocated to the 25 000 retailer member employees. Paul Bosman, a retail analyst from PSG Tanzanite, said that, in principle, Spar's move was good because to date not much pressure had been exerted on the big players in the industry.
16 Jul 2009 14:21:35
(Official Notice)
Spar is pleased to announce its proposed broad-based black economic empowerment ("BBBEE") scheme ("the scheme"). The scheme will result in certain full-time employees of Spar ("the Spar employees") and its member retailers' employees ("the retailer employees") holding an effective 10% of the total issued share capital of Spar.



Specific issue of shares

For purposes of the scheme, Spar has created two trusts for each of the Spar employees and the retailer employees, being The Spar BBBEE Employee Trust and The Spar BBBEE Retailer Employee Trust ("the trusts").



Conditions precedent

The scheme is conditional on the fulfilment, inter alia, of the following conditions precedent:

*the requisite approval by the Spar shareholders of all the necessary special and ordinary resolutions tabled at the general meeting of Spar shareholders; and

*the registration of the special resolution tabled at the general meeting of Spar shareholders.



Salient dates and times

A circular containing full details of the scheme and incorporating a notice of general meeting, will be posted to Spar shareholders. Salient dates:

*Circular and notice of general meeting posted to shareholders on Friday, 17 July 2009

*Forms of proxy for the general meeting to be lodged by no later than 09h00 on Friday, 7 August 2009

*General meeting to be held at 09h00 on Wednesday, 12 August 2009

*Results of general meeting to be announced on SENS on Wednesday, 12 August 2009

*Results of general meeting to be published in the press on Thursday, 13 August 2009

Forms of proxy for the general meeting may also be handed to the chairperson ten minutes before the commencement of the general meeting.
05 May 2009 08:03:42
(C)
Turnover increased by 24.5% to R16.1 billion (R12.9 billion). Operating profit rose by 21.9% to R605.1 million (R496.2 million) and net profit for the period attributable to ordinary shareholders was up by 39.3% to R470 million (R337.5 million). In addition, headline earnings per share grew by 20.5% to 242.5cps (201.2cps).



Dividend

An interim ordinary dividend of 122cps has been declared.



Prospects

Reduced economic activity and the likelihood of declining inflation will result in lower turnover growth for the balance of the financial year. This will, however, be countered by further new store openings and ongoing marketing activity. The group is confident that it will produce a satisfactory level of revenue and profit growth for the remainder of 2009.
28 Apr 2009 13:14:36
(Official Notice)
Shareholders are advised that both operating profit and headline earnings per share for the six months ended 31 March 2009 are likely to be between 20% to 22% higher than reported operating profit and headline earnings per share for the previous corresponding period. The company's interim results for the six months ended 31 March 2009 are expected to be released on SENS on or about 5 May 2009. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
02 Apr 2009 10:07:37
(Media Comment)
The Financial Mail reported that analysts favour Spar over both Shoprite Holdings Ltd ("Shoprite") and Pick n Pay Ltd ("Pick n Pay"). According to a Bloomberg survey, 58% of twelve analysts polled rated Spar a "buy", compared with 54% of the eleven analysts who cover Shoprite. This was way above the 25% for Pick n Pay. This is because Spar could provide the best investment gains, as its shares are expected to hit R69.28 within twelve months, 35% above its current R51.00. This is despite analysts only expecting Spar's profit to grow by 25%, as opposed to 35% for Shoprite.
11 Feb 2009 15:42:33
(Official Notice)
At the annual general meeting of Spar shareholders held on Wednesday, 11 February 2009, the requisite majority of shareholders approved the ordinary and special resolutions proposed at the meeting. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
11 Feb 2009 10:28:03
(Official Notice)
Shareholders are advised that the group has experienced a solid trading period for the quarter ended December 2008, with turnover at R8.1 billion growing 26.1% on the similar period in 2007. The above financial information has not been reviewed or reported on by the group's auditors. The group's financial results for the six months ending 31 March 2009 will be published on or about the 6 of May 2009.
23 Jan 2009 12:56:52
(Official Notice)
Shareholders of SPAR are hereby advised that Barnard Jacobs Mellet Corporate Finance (Pty) Ltd has been appointed as sponsor to SPAR on the JSE Limited, effective 1 February 2009.
05 Dec 2008 11:16:40
(Official Notice)
With regard to the audited results for the year ended 30 September 2008, shareholders are advised that the annual financial statements have been distributed to shareholders on 5 December 2008 and contain no modifications to the audited results which were published on SENS on 12 November 2008.



Notice is hereby given that the annual general meeting of SPAR shareholders will be held at 09:00 on 11 February 2009 in the SPAR Boardroom, 22 Chancery Lane, Pinetown to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
12 Nov 2008 12:33:52
(C)
The group produced a strong set of trading results for its 45th year of SPAR operation in South Africa. This performance was driven by new store openings, retail space growth and market share gains. Earnings for 2008 of R681.6 million increased 30.3% on prior year, while headline earnings per share of 405.7 cents, rose 29.9%.The dividend cover was again reduced which resulted in a 37.8% increase in the annual dividend declaration.



Prospects

The group expects 2009 to be a challenging year. High interest rates, a weaker rand, ongoing high levels of inflation and a slowing economy will put pressure on consumers` disposable income. Management are however confident that they will be able to produce a satisfactory level of earnings growth for the year. Focus areas will be driving sales, cost control and improvements in operational efficiencies. Cash generation during 2009 will remain positive and will accommodate the group`s capital expansion requirements as well as providing for dividends and share buy backs. Capital expenditure for 2009 is forecast at R480 million.
30 Sep 2008 15:03:35
(Official Notice)
Shareholders are advised that SPAR has entered into a repurchase programme to repurchase shares during its closed period. The closed period commences on 1 October 2008 and ends on 12 November 2008, when SPAR's results are scheduled to be released on SENS. In terms of the repurchase programme, the broker has been mandated to repurchase 1 000 000 ordinary shares in the share capital of the company up to a maximum value of R50 000 000. Any repurchases will be effected within certain pre-set parameters within the limits of the programme and the Listings Requirements of the JSE Ltd.
14 May 2008 08:10:28
(C)
Sprar reported interim results for 31 March 2008 with an increased turnover of R12 936.7 million (2007: R10 685.9 million). Operating profit at R496.2 million increased 24.8% for the prior year at RR397.5 million. The group maintained its trading gross margin at 8.1%. Expenditures were satisfactorily controlled, notwithstanding substantially higher fuel and transport costs (up 42.7%) and depreciation costs of R33.0 million (2007: R25.1 million).



Dividends

An interim dividend of 100 cents per share was declared for the period under review.



Prospects

Although a slow down in economic activity is anticipated, increased marketing spend together with planned retail store openings and remodels augur well for real turnover growth. Strong cash generation will continue, notwithstanding the capital expenditure programme. The group is confident that it will again achieve satisfactory revenue and profit growth during the remainder of 2008.
17 Apr 2008 15:53:51
(Official Notice)
Shareholders are advised that following good trading during the six months ended 31 March 2008, both earnings per share and headline earnings per share are likely to be between 20% to 30% higher than reported earnings and headlines earnings per share for the corresponding period of the prior year. The interim results are expected to be released on SENS on or about 14 May 2008.
12 Feb 2008 16:16:48
(Official Notice)
At the fourth annual general meeting of the shareholders of SPAR held on 12 February 2008, the requisite majority of shareholders approved the ordinary and special resolution proposed at the meeting. The special resolution will be lodged for registration with CIPRO in due course.
27 Jun 2006 13:17:03
(Official Notice)
At the general meeting of Spar shareholders held today, 27 June 2006, the requisite majority of shareholders approved the special resolution authorising the company and/or its subsidiaries to acquire the company's ordinary shares, by way a general repurchase.
24 May 2006 15:51:15
(Official Notice)
Spar members are advised that a circular regarding the granting of a general authority for Spar to repurchase its shares has been posted on 24 May 06 which incorporates a notice of general meeting and form of proxy. The general meeting will be held on Tuesday, 27 June 06 at 09:00 in the company's boardroom, 22 Chancery Lane, Pinetown, Durban.
10 May 2006 10:54:16
(C)
On the back of buoyant retail sales, the group experienced a strong trading period with turnover well ahead of 2005, rising 22.7% to R8.2 billion (R6.6 billion) . Build it and TOPS as anticipated experienced considerable growth. Operating profit before interest and taxation at R310 million (R262 million) increased 18.3% on the comparative period and the taxation charge at 35.6% of pre tax profits (31.9%) reflected the STC paid on the final 2005 dividend. There were 18 spar stores opened during the period, taking total Spar store numbers, after store losses, to 789. Net profit after taxation rose 16.5% to R206.4 million (R177.2 million) and headline earnings grew 16.8% to 121.7cps (104.2cps).



Prospects

Planned Spar store openings and growth in retail trading areas during the remainder of the current financial year and further, augurs well for future turnover growth. Current indications are that turnover will remain buoyant for the remainder of the financial year, although it is anticipated that a marginal increase in inflation is likely. Strong cash generation will continue, notwithstanding the considerable forecast capital expenditure. In order to efficiently utilise this cash, the group proposes to implement a share purchase programme through the JSE. Shareholders will be requested to confirm this programme and notice of the necessary general meeting to ratify this action will shortly be sent to shareholders.



Dividend

In line with the group announcement to decrease the dividend cover, a dividend of 48cps has been declared. This dividend represents a 60% increase on the 2005 interim declaration.
08 Feb 2006 12:10:56
(Official Notice)
The directors have determined that the dividend cover for financial 2006 be reduced to 2 times cover from the present cover level of 2.25. It is anticipated that the payment of the 2006 dividend will be made in the approximate ratios of 40% being the interim dividend payment (June 2006) with the final dividend payment (December 2006) being approximately 60% of the total 2006 dividend.
30 Dec 2005 10:50:00
(Official Notice)
Bob Fenner has retired as the company secretary of Spar and Kevin O' Brien has been appointed, with effect from 30 December 2005.
05 Dec 2005 16:05:18
(Official Notice)
The annual general meeting of the members of Spar will be held in the company's boardroom, 22 Chancery Lane, Pinetown, Durban, South Africa on 7 February 2006
28 Nov 2005 09:36:45
(Official Notice)
Following the recent resignation of Mrs Gugu Moloi from the board of directors, Spar has announced the appointment of Mrs Phumla Mnganga as a non- executive member of the board with effect from 1 January 2006.
15 Nov 2005 12:29:41
(C)
Against a background of continuing low levels of inflation (2%-3%) the group achieved a turnover increase of 15.2% to R13.6 billion (R11.8 billion). Although the gross margin declined slightly, improvements in operating efficiencies and tight cost controls resulted in an improved net margin. Operationally all distribution centres performed well resulting in operating profit on a like for like basis increasing by 22%. Savings arising from a lower depreciation charge (the result of a revision to the estimated lives of operating assets), the cessation of the payment of the administration fee to the group's former holding company, and the benefit of not having to write off goodwill, boosted operating profit growth by 30.1% to R515 million (R396 million) on prior year. Headline earnings of R359 million (R284 million) up 26.5%, translated into headline earnings per share of 212.7c, a 26.3% increase on 2004 headline earnings per share of 168.4c. The group remained a substantial generator of cash, and this enabled the group to significantly reduce its overdraft to R69 million at year end (R355million).



Dividend

In line with the group's current dividend cover policy of 2.25 times, a final dividend of 64.5cps has been declared, bringing the full year dividend to 94.5c.



Prospects

The group is confident that it will again show good revenue growth in 2006 with positive leverage being achieved in terms of growth of operating profit. Earnings growth will be adversely affected by a substantial increase in the STC charge. This increased charge will arise due to the levying during 2006 of STC on the 2005 final dividend and the 2006 interim dividend. During 2005 the group only paid an interim dividend. Spar anticipates that the group would continue to generate substantial cash flows during 2006 which will result in a considerable increase in interest receivable. In the event of the forecast cash flows materialising, consideration will be given to reducing the dividend cover.
09 Sep 2005 16:10:29
(Official Notice)
G Moloi has resigned as an independent non-executive director from the board of Spar, with effect from 9 September 2005.

21 Jun 2005 10:15:06
(Media Comment)
Business Report has reported that Spar Group is spending R20m to expand its KwaZulu Natal distribution warehouse from 34 000m2 to 40 000m2. The warehouse handles 70 000 cases of goods a day and the expansion will be completed by the end of October. The group has reportedly also spent R4m in the introduction of radio frequency technology to improve efficiency in the handling of goods. All Spar stores send their orders electronically to the distribution centre`s system, which automatically generates an order for pickers to complete. Pickers wear headsets through which they receive instructions on which products to pick in which order. The picker confirms the selection by speaking into a microphone in order to ensure it is the correct item. Peter Hughes, Spar`s chief executive, told Business Report: `It is important to get orders right. If a member [store owner] does not receive particular goods, it will lose out on sales. We want to build up confidence from members where they will no longer check our deliveries, which wastes the store owners` and our time.`
20-May-2015
(X)
SPAR is the registered licensee of the SPAR brand in Southern Africa. The company is also the registered owner of the TOPS and Build it trademarks. The nature of the relationship between the company and independently owned SPAR stores (grocery outlets), TOPS stores (liquor outlets), Build it stores (building material outlets) and Pharmacy at SPAR stores is one of joint co-operation for the benefit of the members of this association. SPAR operates under 'voluntary trading' principles which means that while we encourage our retailers to take advantage of SPAR's trading power, our retailers can source goods from local traders. SPAR focuses on:

* the wholesale distribution and supply of goods and services to independently owned SPAR, TOPS, Build it and Pharmacy at SPAR stores from seven regional distribution centres;

* and the managing of voluntary trading groups.

SPAR's revenue stream is derived from the provision of goods and services to SPAR, TOPS, Build it and Pharmacy at SPAR stores. The financial performance of individual stores does not form part of the company's financial results. The foundations of SPAR's business have been built on the company's core competencies of managing voluntary trading groups, providing distribution and logistical services, brand management and strong operational management.


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