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08-Nov-2018
(C)
10-Oct-2018
(Official Notice)
The board of directors of Stefstock provided shareholders with a trading update of the group?s results for the six months ended 31 August 2018.



The group has adopted International Financial Reporting Standards (IFRS) 9: Financial Instruments, IFRS 15: Revenue from Contracts with Customers and IFRS 16: Leases effective 1 March 2018. As a consequence of the adoption of the above IFRS standards, the prior period?s comparative earnings per share and headline earnings per share have been restated.



Earnings per share is expected to be between 56.75 cents and 65.48 cents per share representing an increase of between 30% and 50% more than the restated 43.65 cents per share for the comparative period. Headline earnings per share is expected to be between 55.90 cents and 64.19 cents per share representing an increase of between 35% and 55% more than the restated 41.41 cents per share for the comparative period.



Should the group not have adopted IFRS 9, IFRS 15 and IFRS 16 for the comparative period, then earnings per share of 56.75 cents and 65.48 cents per share represents an increase of between 20% and 39% more than the 47.06 cents per share reported in the comparative period. Similarly, headline earnings per share of 55.90 cents and 64.19 cents per share represents an increase of between 25% and 43% more than the 44.81 cents per share reported in the comparative period.



The release of the results for the six months ended 31 August 2018 is anticipated to be published on 8 November 2018.
26-Sep-2018
(Official Notice)
Shareholders are advised that in accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listings Requirements, the company?s updated annual compliance report in terms of section 13G (2) of the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the company?s website, www.stefanuttistocks.com.

08-Aug-2018
(Official Notice)
Shareholders are notified that at the Company?s annual general meeting (?AGM?) held on Wednesday, 8 August 2018, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



The number of Stefanutti Stocks ordinary shares present in person or by proxy was 118 325 885, representing 62,9% of the total ordinary issued share capital of the same class of Stefanutti Stocks shares or 70,6% of the total voteable ordinary shares at the annual general meeting.



Changes to the board of directors

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that Mr Mafika Mkwanazi retired by rotation at this Annual General Meeting, and did not offer himself for re-election.



Mr Mkwanazi served on the board since 2015.



Engagement with shareholders

Ordinary resolution number 12 (approval of the Company?s remuneration policy) received 74,08% votes in favour and ordinary resolution number 13 (approval of the Company?s remuneration policy implementation report) received 80,94% in favour.



As a result of more than 25% of the votes cast against ordinary resolution number 12, in accordance with the King IV Report on Corporate Governance for South Africa, 2016 and paragraph 3.84(k) of the Listings Requirements, Stefanutti Stocks invites the shareholders who voted against ordinary resolution number 12 to engage with the Company regarding their views on Stefanutti Stocks remuneration policy. Shareholders may forward their concerns / questions regarding Stefanutti Stocks remuneration policy to the Company via email at holdings@stefstocks.com by close of business on Wednesday, 22 August 2018.



Notice to shareholders in terms of Section 45 of the Companies Act

In respect of Special Resolution Number 2 (financial assistance), notice is hereby given in terms of Section 45(5) of the Companies Act No 71 of 2008 (the ?Companies Act?), that, pursuant to the authority granted to the board of directors of the Company (?the Board?) by the shareholders in the annual general meeting held on 8 August 2018, the Board has adopted a resolution authorising the Company to provide financial assistance as contemplated in sections 44 and/or 45 of the Companies Act.
28-Jun-2018
(Official Notice)
Shareholders are advised of the following changes to the board:

Kevin Eborall will retire as board chairman and a director with effect from 31 May 2019 (as reported in the notice of annual general meeting which was posted to shareholders today, 28 June 2018). Kevin has served on the board since 2007. Zanele Matlala, currently chairman of the Audit, Governance and Risk Committee, will be appointed as board chairman on 1 June 2019 and at the same time she will step down as chairman of this committee. Zanele has been on the board as an independent non-executive director since 2012.



Willie Meyburgh will retire from Stefanutti Stocks as CEO on 31 May 2019. Russell Crawford, currently Managing Director of the company?s Construction - Mining business unit, has been appointed as CEO designate, reporting to CEO Willie with effect from 1 July 2018. This transitional arrangement will remain in place until 31 May 2019, when Russell?s appointment as CEO and director of the company, will be formalized and take effect from 1 June 2019. This arrangement will provide a structured handover at a time when experience, industry knowledge and stability are essential to the continued success of the business.



On 1 June 2019, Willie will be appointed as a non-executive director (non-independent) of the company. This will ensure his institutional knowledge, wide experience in the construction sector and wise counsel are retained at board level.



The above changes are the consequence of a carefully considered and structured succession plan. They are also indicative of the depth of leadership both at board level and within the senior management of the group.
28-Jun-2018
(Official Notice)
Shareholders are advised that the summarised consolidated annual financial statements for the year ended 28 February 2018, and the notice of annual general meeting will be dispatched to shareholders today, 28 June 2018.



The Integrated Annual Report, together with the consolidated annual financial statements, are also available on the company?s website www.stefanuttistocks.com. In addition, copies of the Integrated Annual Report and the consolidated annual financial statements are available at the company?s registered office or on request from the company secretary. The consolidated annual financial statements contain no modifications to the reviewed results published on 17 May 2018.



The company auditors, Mazars Inc, have audited the consolidated annual financial statements and their unqualified report is available for inspection at the company?s registered office.



The annual general meeting of Stefstock shareholders will be held at the offices of the company, 9 Palala Street, Protec Park, corner of Zuurfontein Avenue and Oranjerivier Drive, Kempton Park, on Wednesday, 8 August 2018 at 12:00 to consider and, if deemed fit, to pass with or without modification all of the ordinary and special resolutions set out in the notice of annual general meeting attached to the summarised consolidated financial statements.



The record date for shareholders to be recorded as such in the securities? register of Stefstock in order to be able to attend, participate and vote at the annual general meeting is Friday, 3 August 2018. Accordingly, the last date to trade to be eligible to attend, participate and vote at the annual general meeting is Tuesday, 31 July 2018.
17-May-2018
(C)
Revenue for the year increased by 15% to R10.5 billion (2017: R9.1 billion). Earnings before interest, taxation, depreciation and amortisation ("EBITDA") rose by 92% to R400.5 million (2017: R209 million), operating loss before finance costs came in at R360.6 million (2017: loss of R20.6 million), while loss for the year attributable to equity holders of the company was R503.6 million (2017: loss of R137.1 million). Headline earnings per share increased to 90.35cps (2017: 10.94cps).



Dividend declaration

Notice is hereby given that no dividend will be declared (Feb 2017: Nil).



Outlook and strategy

As highlighted in previous reporting periods, the South African construction market remains extremely competitive due to an ongoing lack of public infrastructure spend. Even though business confidence levels seem to be improving in some sectors of the economy, construction activities and margins are expected to remain under pressure in the short to medium term. With the increased local requirements relating to Broad-Based Black Economic Empowerment, the group is assessing various options to improve its position in this regard.



The group's order book remains relatively constant at about R14 billion. In the short term there are potential pockets of growth in the local market which include surface mining related services, selected open pit mining contracts, petrochemical tank farms, water and sanitation treatment plants as well as residential, warehouses and design and construct opportunities in the building sector. Cross border opportunities exist in road and bridge construction, marine and mixed-use building projects. Our multi-disciplinary and geographically diversified business structure continues to enable the group to remain a strong competitor in the markets in which it operates. The group also continues to seek opportunities both in Southern Africa and, on a more selective basis, further afield in sub-Saharan Africa. With the challenges being experienced in the construction markets, management constantly reviews and aligns each business unit and its respective divisions to ensure their ongoing sustainability.



Industry related matters

The legal process relating to the civil claim received from the City of Cape Town (Green Point Stadium) is ongoing, which the group is confident it can defend.
26-Apr-2018
(Official Notice)
Stefstock provided shareholders with a trading update of the Group?s results for the year ended 28 February 2018.



The Group is required to test goodwill for impairment at each reporting period or when there is an indicator of impairment. At 28 February 2018 an impairment of R667 million was recognised, predominantly relating to the goodwill that arose from the Stocks Ltd. acquisition. This impairment is reversed from earnings per share in determining headline earnings per share.



As a result thereof, earnings per share is expected to be a loss of between 285 cents and 305 cents per share, whereas headline earnings per share is expected to show a profit of between 80 cents and 100 cents per share. The corresponding 2017 reporting period reflected earnings per share reported as a loss of 79.34 cents whilst headline earnings per share reflected a profit of 10.94 cents.



The release of the results for the year ended 28 February 2018 is anticipated to be published on 17 May 2018.
13-Apr-2018
(Official Notice)
Shareholders are advised that the board is pleased to announce the appointment of two independent non- executive directors, Bharti Harie and Busisiwe (Busi) Silwanyana with effect from 13 April 2018.
09-Nov-2017
(C)
Revenue for the interim period increased by 18% to 5.196 million (2016: R4.417 million), earnings before interest, taxation, depreciation and amortisation ("EBITDA") jumped 21% to R209 million (2016: R172 million), profit attributable to equity holders of the company decreased to R80.7 million (2016: R96.1 million), while headline earnings per share fell 15% to 44.81 cents per share (2016: 52.73 cents per share).



Dividend declaration

Notice is hereby given that no dividend will be declared (Aug 2016: Nil).



Company outlook and strategy

As highlighted in previous reporting periods, the South African construction market remains extremely competitive due to an ongoing lack of infrastructure spend coupled with low business confidence levels. Consequently, construction activities and margins are expected to remain under pressure.



Over the past two years the group's order book has remained relatively constant between R13 billion and R14 billion. In the short term there are potential pockets of growth which include mining surface infrastructure, marine, water and sanitation treatment plants, and residential and mixed use building projects. In addition in the medium term there are potential opportunities in petrochemical tank farms, roads and bridges and selected open pit contract mining work. These will provide opportunities for all our business units, both locally and cross border.



Our multi-disciplinary and geographically diversified business structure continues to provide a stable platform upon which the group remains a strong competitor in the Southern African construction market. The group also continues to seek opportunities both in Southern Africa and, on a more selective basis, further afield in sub-Saharan Africa. Management constantly reviews and aligns each business unit and its respective divisions with the changes being experienced in their particular markets, to ensure their ongoing sustainability.
18-Oct-2017
(Official Notice)
The board of directors of Stefstock provided shareholders with a trading update of the group?s results for the six months ended 31 August 2017.



The group will report an increase in operating profit compared to the prior period. This increase has, however, been impacted by an increase in the effective tax rate. As a result, interim earnings per share and interim headline earnings per share are expected to be between 10% and 20% lower than the corresponding period, translating into interim earnings per share of between 44.46 cents and 50.01 cents per share (August 2016: 55.57 cents) and interim headline earnings per share of between 42.19 cents and 47.46 cents per share (August 2016: 52.73 cents).



The release of the results for the six months ended 31 August 2017 is anticipated to be published on 9 November 2017.
01-Sep-2017
(Official Notice)
Shareholders are notified that at the Company?s Annual General Meeting (?AGM?) held on Friday, 1 September 2017, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



Board changes

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that Ms Nomhle Canca and Mr Bridgman Sithole and his alternate Mr Joseph Fizelle, retired by rotation at this Annual General Meeting, and did not offer themselves for re-election.



Ms Canca, Mr Sithole and Mr Fizelle served on the Board since their original appointment in July 2007.



The Chairman and the Board expresses their appreciation to these directors for their valued contributions and guidance over the past ten years, and wishes them all the best for the future.



Shareholders are further advised that Mr John Poluta has been appointed as an alternate director to Mr Mafika Mkwanazi and as a member of the Company?s Audit, Governance and Risk Committee. Mr Poluta, aged 46, is an Executive Director of Mowana Investments, an empowered private equity investment company that he co-founded in 2005. Prior to starting Mowana Investments, Mr Poluta was employed as an investment analyst with two leading stockbroking firms. His responsibilities included the writing and production of research reports including detailed financial analyses and valuations and the marketing of this research to financial institutions and pension funds globally. Mr Poluta is a qualified chartered accountant and started his career at Deloitte in Johannesburg in 1995.
08-Aug-2017
(Official Notice)
Shareholders are advised that Ms Tina Eboka has resigned as a director of the Company with effect from 31 July 2017.
31-Jul-2017
(Official Notice)
Shareholders are advised that the summarised consolidated annual financial statements for the year ended 28 February 2017, and the notice of annual general meeting will be dispatched to shareholders today, 31 July 2017.



The Integrated Annual Report, together with the consolidated annual financial statements, are also available on the company?s website www.stefanuttistocks.com. In addition, copies of the Integrated Annual Report and the consolidated annual financial statements are available at the company?s registered office or on request from the company secretary. The consolidated annual financial statements contain no modifications to the reviewed results published on 18 May 2017.



The company auditors, Mazars Inc, have audited the consolidated annual financial statements and their unqualified report is available for inspection at the company?s registered office.



The annual general meeting of Stefanutti Stocks? shareholders will be held at the offices of the company, 9 Palala Street, Protec Park, corner of Zuurfontein Avenue and Oranjerivier Drive, Kempton Park, on Friday, 1 September 2017 at 12:00 to consider and, if deemed fit, to pass with or without modification all of the ordinary and special resolutions set out in the notice of annual general meeting attached to the summarised consolidated financial statements.



The record date for shareholders to be recorded as such in the securities? register of Stefanutti Stocks in order to be able to attend, participate and vote at the annual general meeting is Friday, 25 August 2017. Accordingly, the last date to trade to be eligible to attend, participate and vote at the annual general meeting is Tuesday, 22 August 2017.
18-May-2017
(C)
Revenue for the year decreased by 6% to R9.1 billion (2016: R9.7 billion). Earnings before interest, taxation, depreciation and amortisation ("EBITDA") fell 62% to R209 million (2016: R551.2 million), operating loss before investment income came in at R106.4 million (2016: profit of R392 million), while loss for the year attributable to equity holders of the company was R137.1 million (2016: profit of R182.3 million). With the reversal of the impairment charges relating to assets, headline earnings per share are reported as a profit of 10.94 cents (2016: 89.62 cents). Had the one-off Settlement Agreement charge not been taken into account, the adjusted headline earnings per share would be 89.86 cents.



Dividend declaration

Notice is hereby given that no dividend will be declared (2016: Nil).



Company outlook and strategy

Notwithstanding that the South African construction market continues to be extremely challenging, there remains potential growth in certain sectors of the market. These include mining surface infrastructure, marine, petrochemical tank farms, water and sanitation treatment plants, and residential and mixed use building projects. These will provide opportunities for all our business units, both locally and cross border. Subject to the fulfilment of certain conditions there is a potential award of a large open pit contract for the Mining Services division.



Our multi-disciplinary and geographically diversified business structure continues to provide a robust platform upon which the group remains as a strong competitor in the Southern African construction market. The group continues to seek opportunities both in Southern Africa and on a more selective basis further afield in sub-Saharan Africa. Management also constantly reviews and aligns each business unit and its respective divisions with the changes being experienced in their particular markets, to ensure their ongoing sustainability.
19-Apr-2017
(Official Notice)
The board of directors of Stefstock hereby provides shareholders with a trading update of the Group?s results for the year ended 28 February 2017. Earnings per share is expected to be a loss of between 70.00 cents and 90.00 cents per share and headline earnings per share a profit of between 0.00 cents and 20.00 cents per share. The corresponding period reflected earnings per share and headline earnings per share of 104.31 cents and 89.62 cents respectively.



The key aspects contributing to the above decrease in earnings can be summarised as follows:

- The recording of a once-off present value charge of R138.8 million relating to the Settlement Agreement concluded with the South African Government, as disclosed in the SENS announcement released on 11 October 2016. This charge is not reversed for purposes of calculating headline earnings per share. However, should this isolated charge be eliminated then the adjusted headline earnings per share would be expected to be a profit of between 80.00 cents and 100.00 cents per share.

- The Group is required to test goodwill for impairment at each reporting period or when there is an indicator of impairment. At 28 February 2017, based on tests performed relating to the goodwill attributable to the Cycad Pipelines (Pty) Ltd. acquisition, R154.8 million of goodwill has been impaired in the current financial year. This impairment is reversed in determining headline earnings per share.

- In line with Group policy, land and buildings are independently valued every five years. Based upon these latest valuations, an impairment charge of R14.2 million has been recognised in the current year, which is reversed in the calculation of headline earnings per share.

- The strengthening of the Rand during this reporting period and the weakening of African currencies in which Stefstock operates has had a significant negative effect on the Group?s results for the year by approximately R80.9 million.



Operations with the Group?s business units have performed in line with management?s expectations.



The release of the results for the year ended 28 February 2017 is anticipated to be published on 18 May 2017.
10-Nov-2016
(C)
13-Oct-2016
(Official Notice)
The board of directors of Stefanutti Stocks hereby provides shareholders with a trading update of the Group?s results for the six months ended 31 August 2016.



Earnings per share and headline earnings per share are expected to be between 0% and 15% higher than the corresponding period, translating into earnings per share of between 54.09 cents and 62.20 cents per share (August 2015: 54.09 cents) and headline earnings per share of between 48.46 cents and 55.73 cents per share (August 2015: 48.46 cents).



The discontinued operations disclosed in the corresponding period had no impact in the current reporting period. In comparing the above expected results, it should be noted that for the period to August 2015 comparative trading results have been restated to exclude the impact of discontinued operations. This has resulted in higher historic earnings per share and headline earnings per share of 69.02 cents and 63.12 cents respectively.



The strengthening of the Rand during the period and the weakening of African currencies in which Stefanutti Stocks operates has had a significant negative effect on the Group?s profitability.



The Settlement Agreement concluded with the South African Government disclosed in the SENS announcement released on 11 October 2016 has no financial effect on the results for the six months ended 31 August 2016.



The release of the results for the six months ended 31 August 2016 is anticipated to be published on 10 November 2016.
11-Oct-2016
(Official Notice)
02-Sep-2016
(Official Notice)
Shareholders are notified that at the company?s annual general meeting (?AGM?) held on Friday, 2 September 2016, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The number of Stefanutti Stocks ordinary shares voted in person or by proxy was 149 328 578 representing 79,40% of the total ordinary issued share capital of the same class of Stefanutti Stocks shares.
02-Aug-2016
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 29 February 2016 posted on 2 August 2016 are unchanged from the reviewed condensed consolidated results which were released on SENS on 19 May 2016.



Notice is hereby given that the annual general meeting of Stefanutti Stocks will be held at the company?s offices, No 9 Palala Street, Protec Park, Cnr Zuurfontein Avenue - Oranjerivier Drive, Kempton Park on Friday, 2 September 2016 at 12:00. The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 26 August 2016, being the voting record date set by the board of directors of the company used to determine which shareholders are entitled to attend and vote at the annual general meeting.



The notice of annual general meeting is issued with the integrated report, which contains the audited annual financial statements of Stefanutti Stocks for the year ended 29 February 2016.
30-Jun-2016
(Media Comment)
According to the Business Report, Steffanutti Stocks has been awarded a R625 million contract for the final phase of the R870 million Houghton Hotel. The final phase will be the construction of a 143 luxury room and suite hotel and residential club.
19-May-2016
(C)
Revenue for the year decreased by 9% to R9.7 billion (2015: R10.6 billion). Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 11% to R551.2 million (2015: R496.7 million), profit for the year lowered to R185.9 million (2015: R203.2 million), while headline earnings per share was down 6% at 138.16 cents per share (2015: 146.83 cents per share).



Dividend declaration

Notice is hereby given that no dividend will be declared (Feb 2015: Nil).



Outlook and strategy

As mentioned in previous reporting periods, due to low level of business confidence in the private and lack of activity in the government sector, the South African construction market continues to be extremely challenging. The escalating levels of competition for available work may further impact operating profit margins going forward. Notwithstanding the above, there remains potential growth in certain sectors of the economy, which provide opportunities for our Roads - Earthworks, Building, Oil - Gas and Electrical - Instrumentation operations. In other sectors the group is well positioned to take advantage of the medium-sized projects coming to the local marketplace to maintain the order book. The group maintains its focus on cash management across all its businesses.



The group's multi-disciplinary and geographically diversified business structure continues to provide a robust platform upon which the group is able to position itself as a strong competitor in the Southern African construction market. The group continues to look for opportunities both in Southern Africa and on a more selective basis further afield in sub-Saharan Africa. Over the past two years the order book has remained relatively constant between R12,0 and R13,0 billion. There are potential cross border awards in the short to medium term that will improve the order book.
21-Apr-2016
(Official Notice)
12-Nov-2015
(C)
Revenue for the interim period was recorded at R5.3 billion (2014: R5.3 billion). EBITDA increased by 9% to R260 million (2014: 238 million) and operating profit was 8% higher at R176 million (2014: R163 million). Profit attributable to ordinary equity holders increased to R95 million (2014: R88 million). In addition, headline per share came in at 53.23cps (2014: 59.92cps).



Dividend declaration

Notice is hereby given that no interim dividend will be declared (Aug 2014: Nil).



Outlook

With the existing exceptionally low levels of business confidence in the private sector, and reduced capital expenditure in the government sector, the South African construction market continues to be extremely challenging. The high levels of competition for available work, may negatively impact operating profit margins going forward.



Notwithstanding the above, there remains potential growth in certain sectors of the economy, which provide opportunities for our Roads - Earthworks, Building, Oil - Gas and Electrical - Instrumentation operations. In other sectors, the group is well positioned to take advantage of the medium-sized projects coming to the marketplace to maintain the order book. Our multi-disciplinary and geographically diversified business structure continues to provide a robust platform upon which the group is able to position itself as a strong competitor in the Southern African construction market.



The group continues to look for opportunities both in Southern Africa and on a more selective basis further afield in sub-Saharan Africa.
22-Oct-2015
(Official Notice)
The board of Stefanutti Stocks provided shareholders with a trading update of the Group?s results for the six months ended 31 August 2015.



Total earnings per share (comprising both continuing and discontinued operations) are expected to be between 50.1 cents and 57.6 cents per share representing an increase of between 0% and 15% more than the 50.1 cents per share reported for the prior period. Headline earnings per share are expected to be between 47.8 cents and 55.0 cents per share representing an increase of between 0% and 15% more than the 47.8 cents per share reported for the prior period.



In the previous financial year, 28 February 2015, the Power division was only recognised and reported as a discontinued operation at year-end. Consequently the results for the six months ended 31 August 2014 have been restated to exclude the Power division from continuing operations.



As a result of this restatement, earnings per share in respect of continuing operations are expected to be between 49.8 cents and 62.3 cents per share representing a decrease of between 0% and 20% less than the restated 62.3 cents per share reported for the prior period. Headline earnings per share are expected to be between 47.9 cents and 59.9 cents per share representing a decrease of between 0% and 20% less than the restated 59.9 cents per share reported for the prior period.
04-Sep-2015
(Official Notice)
Shareholders are notified that at the Company?s Annual General Meeting (AGM) held on Friday, 4 September 2015, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy.



The number of Stefstock ordinary shares voted in person or by proxy was 151 240 145, representing 80.41% of the total ordinary issued share capital of the same class of Stefstock shares.
03-Aug-2015
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2015 posted on 3 August 2015 are unchanged from the reviewed condensed consolidated results which were released on SENS on 21 May 2015.



AGM notice

Notice is hereby given that the annual general meeting of Stefstock will be held at the company?s offices, No 9 Palala Street, Protec Park, Cnr Zuurfontein Avenue - Oranjerivier Drive, Kempton Park on Friday, 4 September 2015 at 12:00. The notice of annual general meeting is issued with the integrated report, which contains the audited annual financial statements of Stefstock for the year ended 28 February 2015.
21-May-2015
(C)
Revenue for the year increased by 15% to R10.648 billion (2014: R9.226 billion). Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 34% to R496.7 million (2014: R372.1 million), operating profit before investment income jumped by 50% to R335.4 million (2014: R223.5 million), while profit for the year attributable to equity holders of the company soared to R200.8 million (2014: R118.3 million). Furthermore, headline earnings per share from continuing operations grew by 72% to 143.25cps (2014: 83.07cps).



Dividend declaration

Notice was given that no final dividend will be declared (Feb 2014: Rnil).



Outlook and strategy

Stefstock's multi-disciplinary and geographically diversified business structure continues to provide a robust platform upon which the company is able to position itself as a strong competitor in the Southern African construction market.



Notwithstanding the delay of petrochemical projects in Southern Africa these remain a key focus for the group's long-term strategy. The group is well positioned to take advantage of the current medium- sized projects that are continuously coming to the marketplace to maintain a quality order book. The company is anticipating a number of medium-sized project awards in the short term. Nonetheless, Stefstock remain well positioned both financially and operationally to capitalise on potential large future opportunities.



The group continues to look for opportunities both in Southern Africa and on a more selective basis further afield in sub-Saharan Africa.



Competition Commission matters

The company has received legal notification for two matters arising out of the Competition Commission Fast Track Settlement Process in 2013. The first matter relates to a complaint initiated by the Competition Commission into an alleged "World Cup Stadia Meeting", which has been referred to the Competition Tribunal for adjudication. Stefstock has been cited as one of the respondents.



The second matter relates to a civil damages claim initiated by the city of Cape Town in respect of the Green Point Stadium, following the findings and the imposition of administrative penalties by the competition authorities. Stefstock has been cited as one of the defendants. Stefstock is confident that on the facts currently available it will be able to successfully defend the above two matters and it has accordingly not made any provision.
18-May-2015
(Official Notice)
Subsequent to the board changes that were announced on 16 April 2015, the board announced the following changes to the composition of the board committees of the company, as set out below, with effect from 15 May 2015.



Audit, Governance and Risk Committee: Howard Craig (independent non-executive director) has been appointed as a member. Confirmation of his appointment will be sought at the Company?s next Annual General Meeting. Dermot Quinn (non-executive director effective 1 June 2015) will remain as an invitee of the committee.



Remuneration and Nominations Committee: Mafika Mkwanazi (independent non-executive director) and Dermot Quinn (with effect from 1 June 2015) have been appointed as members. Kevin Eborall (board chairman) has stepped down as a member of the Remuneration Committee but will be an invitee. He will remain as chairman of the Nominations Committee.



Social and Ethics Committee: Zanele Matlala has stepped down and Howard Craig has been appointed as a member.
16-Apr-2015
(Official Notice)
The board announced the appointment of Howard Craig and Mafika Mkwanazi as independent non-executive directors with effect from 17 April 2015.



Executive management changes

Dermot Quinn will be retiring from the Group as Chief Financial Officer (?CFO?) and executive director and employee on 31 May 2015. Dermot will continue to remain on the board as a non-executive director with effect from 1 June 2015. The board extends its appreciation to Dermot for his invaluable contribution to the Group both before and after the listing of the Company, and looks forward to the benefit of his experience in his new role as a non-executive director.



The board announced the appointment of Antonio Cocciante as CFO and executive director with effect from 1 June 2015, as successor to Dermot. Antonio has been with the Group since August 2006.
09-Mar-2015
(Official Notice)
The board of Stefstock hereby provides shareholders with a trading update of the Group?s results for the year ended 28 February 2015.



Total earnings per share (comprising both continuing and discontinued operations) are expected to be between 105.1 cents and 118.7 cents per share representing an increase of between 55% and 75% more than the 67.8 cents per share reported for the prior year. Headline earnings per share are expected to be between 98.7 cents and 111.5 cents per share representing a similar increase of between 55% and 75% more than the 63.7 cents per share reported for the prior year.



The withdrawal by Stefstock from the power line market has led to the Power division meeting the requirements for classification as a discontinued operation in accordance with International Financial Reporting Standards. Consequently the results for the year ended 28 February 2014 are to be restated to reflect continuing operations.



As a result of this restatement, earning per share in respect of continuing operations are expected to be between 134.9 cents and 152.3 cents per share representing an increase of between 55% and 75% more than the restated 87.0 cents per share for the prior year. Headline earnings per share are expected to be between 128.7 cents and 142.3 cents per share representing a similar increase of between 55% and 75% more than the restated 83.0 cents per share reported for the prior year.



All business units have performed in line with management?s expectations.
25-Feb-2015
(Official Notice)
In line with the King III recommendations, board Chairman Kevin Eborall, has stepped down as a member of the Audit Committee, but will remain as an invitee. As part of the further restructuring of the company?s committees, Mr. Eborall has also resigned as a member of the Social and Ethics Committee.



These changes are with immediate effect.
13-Nov-2014
(C)
Revenue grew 10% to R5.3 billion (R4.9 billion) and EBITDA increased by 9% to R212.4 million (R195.4 million). Operating profit jumped to R132.4 million (R113.8 million). Profit attributable to equity holders rose by 30% to R87.6 million (R67.1 million). Furthermore, headline earnings per share were 30% higher at 47.78cps (36.87cps).



Dividend

Notice is hereby given that no interim dividend will be declared (Aug 2013: Nil).



Outlook and strategy

Markets, especially those within which Structures operate, are still under pressure and will remain so for the short to medium term. Although there are opportunities for Building, its margins continue to remain under pressure. M-E continues to be presented with good opportunities in the petrochemical market whilst in RPM there are a number of opportunities for roads and earthworks in South Africa and cross-border. A number of bulk pipeline and open pit mining projects are expected to come to the market in the short to medium term.



With the lack of current large infrastructure projects, Stefanutti Stocks will continue to maintain its order book on the back of medium-sized projects and will continue to manage the current economic and market challenges.



With management's continued commitment to its stated recovery plan, the group is confident that it is well placed to pursue opportunities for its multi-disciplinary services locally and in sub-Saharan Africa. Strategically, the group intends to focus on expanding its sub-Saharan Africa business beyond its currently 40% order book.
15-Oct-2014
(Official Notice)
The board of Stefstock hereby provides shareholders with a trading update of the Group's results for the six months ended 31 August 2014.



Earnings per share are expected to be between 7.7 cents and 15.4 cents higher than the 38.5 cents per share reported for the previous corresponding period, representing an increase of between 20% and 40%.



Headline earnings per share are expected to be between 7.4 cents and 14.8 cents higher than the 36.9 cents per share reported for the previous corresponding period, representing an increase of between 20% and 40%.
05-Sep-2014
(Official Notice)
Shareholders are notified that at the Company?s Annual General Meeting held on 5 September 2014, all the special resolutions and ordinary resolutions proposed thereat, other than Ordinary Resolution number 5, (see below) were duly passed by the requisite majority of votes.



Shareholders are referred to the SENS announcement dated 29 August 2014 relating to the resignation of Mr. Vuli Cuba as chairman and director of the board. Accordingly, Ordinary Resolution Number 5, for the re- election of Mr. Cuba, was not put to the meeting and was withdrawn.

29-Aug-2014
(Official Notice)
The board announced that the Chairman, Mr Vuli Cuba, has submitted his resignation as chairman and director of the company with effect from 28 August 2014.The board has considered and accepted his resignation and thanks Vuli for his contributions as a director since his appointment to the board in August 2013.



Appointment of board chairman

The board has appointed Mr Kevin Eborall as Chairman on an interim basis with effect from 28 August 2014. Kevin has been on the board since the company listed in 2007 and serves on various board committees in the company.



Appointment of chairman of Remuneration and Nominations Committee (Remco)

Mr Bridgman Sithole has been appointed as chairman of Remco, replacing Kevin Eborall, who cannot simultaneously hold the positions of board chairman and Remco chairman. Kevin will remain a member of Remco. Bridgman has been on the board since the company listed in 2007.
04-Aug-2014
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2014 posted on 4 August 2014 are unchanged from the reviewed condensed consolidated results which were released on SENS on 22 May 2014.



Notice is hereby given that the annual general meeting of Stefanutti Stocks will be held at the company's offices, No 9 Palala Street, Protec Park, Cnr Zuurfontein Avenue - Oranjerivier Drive, Kempton Park on Friday, 5 September 2014 at 12:00. The notice of annual general meeting is issued with the integrated report, which contains the audited annual financial statements of Stefanutti Stocks for the year ended 28 February 2014.
15-Jul-2014
(Official Notice)
In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the following changes to the board of directors of Stefanutti Stocks is announced:



Resignation of director

It is with regret that the board of Stefanutti Stocks has accepted the resignation of Gino Stefanutti, as chairman and director, due to reasons of ill health, with effect from 15 July 2014. The board expresses its profound appreciation to Gino for his enormous contribution to the Company which he so successfully founded in 1971.



Appointment of director

Vuli Cuba, who joined the Company as a non-executive director on 2 August 2013, and was appointed Lead Independent Director on 19 November 2013, will assume the chairmanship of the Company with immediate effect. Vuli has also served as a non-executive director on the boards of The Foschini Group, Stanlib and The Kelly Group.

22-May-2014
(C)
Revenue increased by 5% to R9.5 billion (R9.1 billion). EBITDA declined by 21% to R335.6 million (R424.3 million). Operating profit before finance costs came in at R224 million (loss of R49.9 million). The company returned to profit with a net attributable profit of R118.3 million (loss of R162.1 million). In addition, headline earnings per share soared 166% to 63.73cps (loss of 96.43cps).



Outlook

Despite the fact that the prevailing subdued conditions in the infrastructure market are expected to continue for the next twelve months, PRASA has just released its first two rail station upgrade tenders to the market, with more expected to follow. Road projects locally and cross-border will continue to offer opportunities. The group's order book will be supported by medium-sized projects that continue to come to the marketplace.



With the historical problem contracts having been addressed in the respective business units, Stefanutti Stocks is now well placed to manage the current economic and market challenges. The group will continue to pursue opportunities for its multi-disciplinary services locally and in sub-Saharan Africa. It will maintain its focus on existing operations, but will explore new ventures and markets that arise on the back of existing client relationships.
24-Apr-2014
(Official Notice)
The board of Stefstock provided shareholders with a trading update of the Group's results for the year ended 28 February 2014. Earnings per share are expected to be between 61.0 cents and 73.0 cents (Feb 2013: 93.2 cents loss) and diluted headline earnings per share between 52.0 cents and 64.0 cents (Feb 2013: 89.2 cents loss).



Shareholders are reminded that the results for the year ended 28 February 2013 included the Competition Commission penalty. Normalized headline earnings per share, which excluded the impact of the Competition Commission penalty in the previous year, are expected to be between 60.0 cents and 72.0 cents (Feb 2013: 93.5 cents.) This adverse result can be attributed mainly to losses recognised on historic contracts within the Building Business Unit. Stefstock management is confident that the historic losses have been addressed and that the Building Business Unit will return a positive result in the current reporting period.
05-Dec-2013
(Official Notice)
Notice was given in terms of Section 45(5)(a) of the Companies Act, that, pursuant to the authority granted to the board by the shareholders in general meeting held on 6 September 2013, the board of the company has authorised the company to provide financial assistance (by guaranteeing the due and punctual payment of all amounts payable by its subsidiary, Stefanutti Stocks (Pty) Ltd. to Nedbank Ltd. under its general banking facility).
21-Nov-2013
(C)
Revenue grew 2% to R4.9 billion (R4.8 billion) and EBITDA increased by 1% to R195.4 million (R193.3 million). Operating profit jumped to R113.8 million (R87.2 million). Profit attributable to equity holders rose by 31% to R67.1 million (R51.1 million). Furthermore, headline earnings per share were 36% higher at 36.87cps (27.19cps).



Dividend

Notice is given that no interim dividend will be declared.



Outlook and strategy

Whilst market conditions are expected to remain challenging, including the risk of continued labour volatility, there are sufficient mid-sized projects to maintain the current order book.



On a positive note, trading conditions have stabilised in the majority of the group's operations. Profitability has improved despite the current tough economic conditions. Strong cash generation from operations and reduced capital expenditure have contributed to a sound balance sheet.



The group will continue to pursue opportunities for its full spectrum of services in sub-Saharan Africa. Whilst the focus will be on existing operations, new ventures and markets will be considered on the back of existing client relationships.



Stefstock is well placed to manage the current economic and market challenges. The business is positioned to optimise opportunities when economic conditions improve and large capital projects come to market.
19-Nov-2013
(Official Notice)
In line with a restructure of the board, it is announced that Mr Schalk Ackerman, has stepped down as an executive director of the board of the company with effect from 19 November 2013. Schalk remains a member of the executive committee and MD of the Structures Business Unit. The above change is in line with the King III recommendations to have two executive directors on the board, namely the CEO and CFO. The board extends its thanks to Schalk for his contributions to the board of the company since his appointment in March 2010.



Further to the announcement released on 9 September 2013, it is announced that Mr Kevin Eborall has been appointed as chairman of the Remuneration and Nominations Committee and that Mr Vuli Cuba has been appointed as Lead Independent Director. The board welcomes Kevin and Vuli, both independent non-executive directors, in their respective roles.
15-Oct-2013
(Official Notice)
The board of Stefstock announced that the group's results for the six months ended 31 August 2013, being earnings and headline earnings per share, are expected to between 25% to 45% higher than the earnings and headline earnings per share for the prior comparative period.
09-Sep-2013
(Official Notice)
Shareholders were notified that at the company's Annual General Meeting held on 6 September 2013, the special resolutions and ordinary resolutions proposed thereat (other than Ordinary Resolution number 4 - see below) were duly passed by the requisite majority of votes.



Shareholders were advised that Mr Mafika Mkwanazi tendered his resignation as independent non-executive director with effect from 5 September 2013. Accordingly, Ordinary Resolution Number 4, for the re-election of Mr Mkwanazi, was not put to the meeting and was withdrawn.



Mr Mkwanazi was also Lead Independent Director and Chairman of the Remuneration and Nominations Committee. The Remuneration and Nominations Committee will deal with this matter and make appropriate recommendations to the board.
06-Aug-2013
(Official Notice)
Shareholders were advised that Stefstocks' integrated annual report, incorporating the group audited financial statements for the year ended 28 February 2013 has been posted and emailed to shareholders today, 6 August 2013.



Notice of annual general meeting

Notice was given to the shareholders of the company as at 29 July 2013, being the record date to receive notice of the annual general meeting in terms of section 59(1)(a) of the Companies Act, No 71 of 2008, as amended, that the annual general meeting of Stefstock will be held at No 9 Palala Street, Protec Park, corner Zuurfontein Avenue and Oranjerivier Drive, Kempton Park, on Friday, 6 September at 12h00.



The record date of 6 August 2013 reflected in the Notice of Annual General Meeting in the integrated report is the posting date of the integrated report. The record date to receive notice of the annual general meeting is 29 July 2013.
05-Aug-2013
(Official Notice)
It is announced that Mr Herman Mashaba, independent non-executive director, has resigned as a director with effect from 2 August 2013. Herman tendered his resignation from the board due to the increasing demands of his other business interests, including his chairmanship of the Free Market Foundation. Herman served on the board of Stefstock's from July 2008.



Appointment of director

The board announced the appointment Mr Vuli Cuba as an independent non- executive director of the company with effect from 2 August 2013.
31-Jul-2013
(Official Notice)
Stefanutti Stocks is now in a position to advise shareholders that the Competition Commission (the Commission) on Tuesday 30 July 2013 has agreed additional penalties to be paid in respect of contracts falling outside the Fast Track Settlement Process. In terms of this, the company has signed a Settlement Agreement with the Commission for a penalty amount of R55 864 536 (the Penalty).



The Penalty is payable in four instalments, over three years, commencing within 30 days from date of confirmation of the Settlement Agreement by the Competition Tribunal (the First Date). The company will pay R12 550 000 on the First Date, R12 550 000 and R12 564 536 on the first and second anniversary of the First Date respectively. The company will make a final payment of R20 020 000 (including R1 820 000 interest) on the third anniversary of the First Date.

24-Jul-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on 24 June 2013 in respect of the Competition Commission. Shareholders are now advised that the Competition Tribunal has confirmed the administrative penalty of R306.9 million payable in four instalments over the next three years.
24-Jun-2013
(Official Notice)
Further to the Revised Trading Statement and Reviewed Condensed Consolidated Results issued on 13 and 14 May 2013 respectively, Stefanutti Stocks is now in a position to advise shareholders that the Competition Commission ("the Commission") on Monday 24 June 2013 has finalised the penalties to be paid under the Fast Track Settlement Process ("the Process"). In terms of this, the company has signed a Settlement Agreement ("the Agreement") with the Commission for a penalty amount of R306 892 664 ("the Penalty"). The Penalty is payable in four instalments, over three years, commencing within 30 days from date of confirmation of the Agreement by the Competition Tribunal ("the First Date").



The company will pay R68 964 000 on the First Date, with two similar payments due on the first and second anniversary of the First Date. The company will make a final payment of R110 000 000 (including R10 million interest) on the third anniversary of the First Date. If confirmed by the Competition Tribunal, this represents a full and final settlement of all alleged collusive behaviour under the Process as defined in The Agreement. The StefStock board adheres to the principle of strong and fair competition supported by good corporate governance to ensure that both the company and the countries in which it operates, benefit from sustainable and competitive, corporate behaviour. The board wishes to assure all its shareholders that the historical practices which lead to the Penalty are deeply regretted and that stringent measures have been taken to ensure that they will not re-occur.
14-May-2013
(C)
Revenue for the year ended 28 February 2013 increased by 17% to R9.4 billion (2013: R8.1 billion). Earnings before interest, taxation, depreciation and amortisation ("EBITDA") fell by 21% to R439.6 million (2012: R554.8 million), loss attributable to equity holders of the company came in at R162.1 million (2012: profit of R264.2 million). Furthermore, headline loss per share was recorded at 96.43cps (2012: earnings of 153.29cps).



Dividend declaration

Notice is given that no final dividend will be declared.



Outlook and strategy

Market conditions in the South African construction market remain challenging and are expected to recover only in the medium to long term. In addition, ongoing industrial action continues to pose a threat to the industry. In the current market there is a reasonable amount of work available in medium-sized projects, which will maintain the order book. Future growth will be dependent upon the general health of the global and local economy and future Government capital expenditure. The Building, MEP and RPM business units should benefit in the short term from project awards in the new financial year.



The group will continue to pursue opportunities in sub-Saharan Africa, specifically in the roads, rail, marine and oil and gas markets. Expanding the group's footprint in Africa remains part of the growth strategy. The group will focus in areas where it already has an established presence and will venture into new markets where it has an existing relationship with clients in the commercial, industrial or commodity sectors. The group is well-placed to manage the short-term economic challenges and position itself to optimise opportunities in the construction industry going forward.
13-May-2013
(Official Notice)
Further to the trading statement issued on 29 April 2013, the board of StefStock is now in a position to advise shareholders that the proposed penalty against the group as notified by the Competition Commission, is R323 million. However, with respect to this matter, the board is currently taking advice and is considering all its options.



As required by of IAS 37: Provisions, Contingent Liabilities and Contingent Assets, this amount has now been raised as a provision in the results for the financial year ended 28 February 2013 and accordingly in terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Ltd., shareholders are advised that earnings and headline earnings per share, are expected to be between 150% to 170% lower than the earnings and headline earnings per share for the prior comparative period.
29-Apr-2013
(Official Notice)
The board of Stefstock announced that the group's results for the year ended 28 February 2013, being earnings and headline earnings per share, are expected to be between 30% to 50% lower than the earnings and headline earnings per share for the prior comparative period.



These results do not yet make any provision for a penalty payable to the Competition Commission pursuant to its current investigations. Notwithstanding that discussions in this regard are at an advanced stage, no reliable estimate can as yet be made regarding the quantum of the penalty. Shareholders must however expect the settlement amount to be material, and will be informed as soon as a reliable estimate of the likely quantum can be provided.
13-Nov-2012
(C)
Revenue increased by 28% to R4.9 billion (R3.9 billion). EBITDA rose 29% to R4.9 billion (R3.8 billion). However, operating profit before finance costs declined to R107.2 million (R198.8 million). Net attributable profit more than halved to R51.1 million (R125 million). In addition, headline earnings per share fell 62% to 27.19cps (71.41cps).



Outlook

Market conditions in the South African construction market remain challenging and are only expected to improve in the medium term. There are a number of medium size projects continuously coming to the market to maintain the order book. However, larger projects such as the Government's infrastructure investment and renewable energy programs, the proposed development of the large natural gas deposits in Mozambique and the clean fuels project in South Africa are required to stimulate the construction sector.



The RPM business unit should benefit in the short term from projects expected to be awarded in the pipeline and open pit contract mining sector. The Power business unit will also benefit from Eskom's imminent power line distribution and transmission roll out plan.



The group will continue to explore opportunities to expand its footprint in Southern Africa in areas where it already has an established presence. Opportunities in sub-Saharan Africa will also be pursued, especially where Stefstock has a strong relationship with existing clients.



There are some corrective actions that are being implemented in some of the divisions. With the slow growth in the economy it will allow the group to attend to these actions. Overall, the group is well positioned to take advantage of several anticipated opportunities as they occur.
19-Oct-2012
(Official Notice)
The board of Stefstock announced that the group's results for the six months ended 31 August 2012, being earnings and headline earnings per share, are expected to between 50% to 70% lower than the earnings and headline earnings per share for the prior comparative period.



Although revenue is anticipated to show an increase of between 23% and 33%, the reduction in earnings can be attributed to:

* Reduction in margin due to competitive trading conditions;

* A number of problematic contracts mainly in the Building Business Unit; and

* Some bad debt write offs.



No provision has yet been made for possible penalties payable to the Competition Commission pursuant to its investigation into anti-competitive behaviour by companies within the construction sector, as discussions regarding the scope of a potential settlement are at an early stage and the potential quantum has yet to be discussed. Accordingly no reliable estimate can be made as to the amount of any obligation to the group.
07-Sep-2012
(Official Notice)
Shareholders are notified that at the company's Annual General Meeting held on 7 September 2012, the special resolutions and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with CIPC in due course.
06-Aug-2012
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 29 February 2012 posted on 6 August 2012 are unchanged from the reviewed condensed consolidated results which were released on SENS on 15 May 2012.



Notice is given that the annual general meeting of Stefstock will be held at the company's offices, No 9 Palala Street, Protec Park, Cnr Zuurfontein Avenue - Oranjerivier Drive, Kempton Park on Friday, 7 September 2012 at 12:00. The notice of annual general meeting is issued with the annual report, which contains the audited annual financial statements of Stefstock for the year ended 29 February 2012.
15-May-2012
(C)
Contract revenue increased by 16% to R8 billion (R6.9 billion). EBITDA declined by 7% to R554.8 million (R598.2 million) and operating profit before finance costs decreased to R402.4 million (R506.6 million). Net attributable profit was 21% lower at R264.2 million (R333 million). In addition, headline earnings per share fell by 20% to 153.29c (192.45cps).



Dividend

A final gross ordinary dividend of 12cps has been declared.



Outlook

The group has an order book which currently stands at R9.3 billion. (The corresponding order book at May 2011 was R8.2 billion.) The construction market is expected to recover only in the medium term and future growth will be dependent upon, amongst other things, the confidence of mining houses to invest in capital projects, the developments in renewable energy, the general health of the global economy and future Government capital expenditure.



In addition, since 25% of the group's turnover and 33% of the operating profit is generated from outside South Africa, continued expansion into the sub-Saharan continent remains a priority of the group which will continue to build on existing strong structures and relationships. The infrastructure plans of the South African Government, at a stated value of R845 billion, have been approved and budgeted for over the next three years which is promising. Stefanutti Stocks will tender on these projects as and when they become available. In light of the above factors, Stefstock believes the group to be well-positioned to take advantage of a number of anticipated opportunities as they occur.
04-Apr-2012
(Official Notice)
The board of Stefstock announced that the group's results for the year ended 29 February 2012, being earnings and headline earnings per share, are expected to be between 15% to 35% lower than the earnings and headline earnings per share for the prior comparative period.
30-Mar-2012
(Official Notice)
Shareholders are advised that Mr. Stephen Pell has resigned as chief operating officer and executive director of Stefstock with effect from 31 March 2012. Mr. Pell's duties for the foreseeable future will be assumed by Mr. Willie Meyburgh (group chief executive) and certain business unit heads.
07-Mar-2012
(Official Notice)
Shareholders are referred to the announcement, the reviewed condensed consolidated Interim Results for the six months ended 31 August 2011 and the update regarding the Competition Tribunal's approval being granted for the transaction published on SENS on 20 June 2011, 15 November 2011 and 15 December 2011 respectively, regarding its wholly owned subsidiary Stefanutti Stocks (Pty) Ltd ("Stefanutti Stocks"), having entered into an agreement to acquire the entire issued share capital of Cycad Pipelines and its related property holding companies. Shareholders are advised that there has been a change to the terms of the Transaction, which revised terms are set out below:

*Subsequent to the cancellation of a material contract of Cycad Pipelines, it was agreed between Stefanutti Stocks and the sellers that the purchase consideration of the transaction be reduced by R30 million from R298 million to R268 million

*To the extent Cycad Pipeline's profit after tax for the financial year ending 28 February 2013 exceeds R50 million ("the Excess"), the excess will become payable to the Sellers but limited to a maximum amount of R30 million and

*The implementation date of the transaction is 1 March 2012.



The changes to the terms as noted above have no impact on the pro forma financial effects of the transaction. Save as disclosed above, there has been no significant change affecting any matter contained in the earlier announcements and no other significant new matters have arisen that would have been required to be mentioned in the earlier announcements if they had arisen at the time of the preparation of those announcements. Shareholders are thus advised that all the conditions precedent to the Transaction have now been fulfilled and the transaction is now unconditional.
28-Feb-2012
(Official Notice)
The board of directors of Stefanutti Stocks announce the appointment Zanele Matlala as an independent non-executive director of the company and as a member of the Audit, Governance and Risk Committee with effect from 27 February 2012.
21-Feb-2012
(Official Notice)
16-Nov-2011
(Media Comment)
Business Day highlighted that although the construction sector remains in a difficult position as a result of moratoriums on roads and public works projects, coupled with few public-private partnership projects, civil engineering group Stefanutti Stocks says mining projects locally and in other African countries will provide a breather for struggling companies. CEO Willie Meyburgh said that although the next 12 months were expected to remain tough, there were a couple of big projects in the pipelines which the company would tender for, both locally and in other countries.
15-Nov-2011
(C)
Contract revenue increased to by 7% to R3.8 billion (R3.6 billion). EBITDA declined by 9% to R269 million (R295.6 million) and operating profit before investment income decreased by 19% to R178.7 million (R221.8 million). Net attributable profit was 25% lower at R125 million (R165.9 million). In addition, headline earnings on a per share basis fell by 26% to 71.41cps (95.95cps).



Dividend

An interim ordinary dividend of 12cps has been declared.



Outlook

Looking forward, the current market weakness is expected to extend for longer than was previously anticipated. Therefore the short to medium-term outlook (12 to 18 months) for the construction sector remains cautious and conservative. With the lack of deal flow on larger projects, challenging times lie ahead for the construction sector. The lack of tenders coming to the market, especially from the public sector, is also contributing towards the depressed market conditions.



The group's strong financial position, solid order book, diversified service offering and broad geographical footprint should enable us to withstand and counter some of the challenges of the current economic climate. The group sees particular opportunities within the mining sector where capital expenditure is planned on surface infrastructure and open pit mining. The renewable energy sector will also offer opportunities over the medium term. This will create opportunities for all the operations in the StefStock group.



Geographic expansion remains a focus with an emphasis on increasing the group's footprint in Africa, particularly in those regions where we already have a strong presence. Further afield opportunities are also being closely followed where the group has strong ties with existing clients. Over the medium to long term, the Middle East should also present an avenue for further growth.
09-Sep-2011
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 9 September 2011, the special resolutions and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes save for ordinary resolution number 7, the placing of the authorised but unissued ordinary shares in the capital of the ompany under the control of the directors. The special resolutions will be lodged for registration with CIPC in due course.
23-Aug-2011
(Official Notice)
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the board of Stefanutti Stocks hereby announces that the Group's interim results for the six month period ended 31 August 2011, being earnings and headline earnings per share, are expected to be between 15% to 30% lower than the earnings and headline earnings per share for the prior comparative period. The financial information on which this trading statement is based has not been reviewed or reported on by the Group's auditors.

01-Aug-2011
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2011 posted on 1 August 2011 are unchanged from the reviewed condensed consolidated results which were released on SENS on 24 May 2011.

Notice is hereby given to the shareholders of the company as at 25 July 2011, being the record date to receive notice of the Annual General Meeting in terms of section 59(1)(a) of the Companies Act No 71 of 2008, that the Annual General meeting of Stefanutti Stocks will be held at No 9 Palala Street, Protec Park, Cnr Zuurfontein - Oranjerivier Drive, Kempton Park on Friday, 9 September 2011 at 12:00.



The notice of annual general meeting is issued with the annual report, which contains the audited annual financial statements of Stefanutti Stocks for the year ended 28 February 2011.
13-Jul-2011
(Official Notice)
The board of StefStock has been cognizant of the lack of liquidity in the company's shares since listing but had always decided to retain this status in the initial years of listing. With the maturity of the stock over time, management has in recent years conveyed their intention to improve the stock liquidity in the market.



Accordingly founding shareholder Gino Stefanutti, and certain other directors of StefStocks' including Willie Meyburgh, Dermot Quinn, Bridgman Sithole and Joseph Fizelle (alternate to Bridgman) have placed approximately 32 7 million StefStock's shares with a major local institutional investor. Mr Stefanutti's role as an executive director of StefStock's changed to that of non-executive, with effect from 1 March 2010, whilst Mr Meyburgh and Mr Quinn have been CEO and CFO, respectively, since the group's listing in August 2007. Mr. Sithole has been a non-executive director since listing.
20-Jun-2011
(Official Notice)
25-May-2011
(Media Comment)
According to Business Day, civil engineering and construction group Stefanutti Stocks said that as far construction work was concerned, the private sector was offering better prospects than the public sector in the immediate future, with the resources sector showing signs of recovery. Stefanutti Stocks CEO Willie Meyburgh said in the longer term the group saw private infrastructure development being the key to prospects.
24-May-2011
(C)
06-Apr-2011
(Official Notice)
Further to the cautionary announcement published on 24 February 2011, 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 further announcement is released.
04-Apr-2011
(Official Notice)
The board of Stefanutti Stocks announced that the group's results for the year ended 28 February 2011, being earnings and headline earnings per share, are expected to be between 10% to 20% lower than the earnings and headline earnings per share for the prior comparative period.
24-Feb-2011
(Official Notice)
Shareholders are advised that the Company has entered into negotiations which if successfully concluded may have a material effect on the price of the Company`s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is released.
10 Nov 2010 08:29:40
(C)
Contract revenue was down 9% to R3.6 billion (R3.9 billion), Earnings before interest, tax, depreciation and amortisation ("EBITDA") contracted marginally by 8% to R295.6 million (R320.8 million). Profit attributable to ordinary equity holders of the company narrowed to R165.9 million (R196.3 million), while headline earnings per share fell to 95.95cps (111.17cps).



Dividend

An interim dividend of 20 cents per ordinary share has been declared.



Prospects

With its firm cash position, healthy order book and broad services offering the group is well-positioned to withstand uncertainty in the current market and capitalise on improving conditions. The group's short to medium-term outlook (12-18 months) for the construction sector remains conservative. However, current tender activity, enquiries and interaction with clients indicate gradually improving confidence levels which is encouraging for the sector. Growth opportunities will be driven by public sector demand for infrastructure in water, electricity, roads, harbours, rail and petrochemical in both South Africa and Africa, provided procurement and payment bottlenecks can be overcome. The group's client base is widely spread over the public and private sector, thereby avoiding over-dependence on any one segment. Further, Stefanutti Stocks' multi-disciplinary services offering and geographic footprint position the group to counter regional and sector specific downturns.

11 Oct 2010 07:53:16
(Official Notice)
Stefstock hereby announces that the group's interim results for the six month period ended 31 August 2010, being earnings and headline earnings per share, are expected to be between 10% to 20% lower than the earnings and headline earnings per share for the prior comparative period.
27 Aug 2010 15:52:16
(Official Notice)
Shareholders were notified that at the company's annual general meeting held on 27 August 2010, the special resolutions and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolutions to amend the company's articles of association and to grant general authority to the directors to repurchase the company's shares will be lodged for registration with CIPRO in due course.
04 Aug 2010 08:38:31
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2010 posted on 4 August 2010 are unchanged from the reviewed condensed consolidated results which were released on SENS on 18 May 2010. Notice is hereby given that the AGM of Stefanutti will be held at the company's offices, no 9 Palala Street, Protec Park, Cnr Zuurfontein - Oranjerivier Drive, Kempton Park on Friday, 27 August 2010 at 12:00. The notice of the AGM is issued with the annual report, which contains the audited annual financial statements of Stefanutti for the year ended 28 February 2010.
03 Aug 2010 11:45:34
(Official Notice)
In the announcement published on SENS on 2 August 2010 at 15:07, it was erroneously stated that at the close of business on 30 July 2010, Stefanutti Stocks had acquired, in the open market, a total of 6 521 192 ordinary shares, equivalent to 3,47% of the issued share capital between 3 December 2009 to 30 July 2010 and the highest price paid was R10.50 per share and the lowest price paid was R10.00 per share.



The correct details of the repurchases are disclosed below:

The cumulative repurchases of 6 521 192 ordinary shares, equivalent to 3.47% of the issued share capital were implemented between 15 December 2008 to 30 July 2010. The highest and lowest prices paid for the shares were R11.99 and R8.90 per share respectively.

02 Aug 2010 15:10:37
(Official Notice)
09 Jul 2010 15:24:38
(Official Notice)
As part of the continuous growth process within Stefanutti Stocks, the board announced the appointment of Stephen Pell as chief operating officer with effect from 01 August 2010. Willie Meyburgh will retain his current position as chief executive officer of Stefanutti Stocks. However the appointment of Stephen will enable Willie to place more emphasis on the overall group strategy including growth plans, market position, geographical spread, investor relations etc. Stephen will take responsibility for the operations of Stefanutti Stocks with a specific focus on the strengthening and roll-out of the Stefanutti Stocks brand. This development will enable Stephen and Willie to form a strategic partnership to ensure the continued success and performance of Stefanutti Stocks.
18 May 2010 08:46:01
(C)
Revenue increased from R6.3 billion to R7.5 billion in 2010. Gross profit increased to R1.1 billion (2009:R946.9 million) and operating profit increased to R587.2 million (2009:R466.3 million). Profit attributable to ordinary shareholders increased to R384.7 million (R297.5 million). Headline earnings on a per share basis increased to 224.34cps (185.35cps).



Dividends per share

A final dividend of 45cps was declared for the period under review.



Prospects

Emerging out of a good construction cycle the industry is experiencing a reduction in projects, especially large-scale, high value contracts. Pressure on releasing tenders to market is coming from the public and private sectors, including the mining houses. These delays and postponements of projects have further depressed the industry, consequently profit margins are likely to remain under pressure in the short to medium term.



Indications point to a recovery in the domestic construction economy towards the end of 2010, with continued demand for public infrastructure and private sector development. The latest economic research indicates that an upswing in the global economy is gradually gaining momentum and that emerging markets such as Africa are accelerating in growth. 2011 is generally expected to be a year of recovery with real GDP growth in South Africa anticipated to gain traction. In the interim the group will continue to place emphasis on achieving efficiencies in its structures and processes. Africa remains a major focus area. Stefanutti Stocks intends to expand its entrenched presence in existing markets in Africa while also targeting expansion into other regions. Further focus will be placed on growing the higher-margin business units including Roads - Earthworks, Mining Services and MEP. The group's increasing penetration of better performing domestic mining sectors as well as expansion in Africa bode well for growth. Within MEP previous capital investment is beginning to realise benefits and the business unit is strengthening its presence in its markets.



The group's strong financial position should enable it to withstand the challenges of the current economic climate. This competitive advantage enables Stefanutti Stocks to offer innovative contract and funding structures to secure further business. Stefanutti Stocks' order book stood at R6.2 billion at year-end.
09 Apr 2010 17:00:33
(Official Notice)
06 Apr 2010 11:45:32
(Official Notice)
The board of Stefanutti Stocks hereby announces that the group's results for the year ended 28 February 2010, being earnings and headline earnings per share, are expected to be between 15% to 25% higher than the earnings and headline earnings per share for the prior comparative period.
22 Feb 2010 16:57:39
(Official Notice)
Mr Schalk Johannes Ackerman has been appointed as an executive director of Stefstock effective 1 March 2010.
11 Nov 2009 09:03:31
(C)
Revenue increased by 56% from R2.6 billion to R4.0 billion in 2009. Operating profit increased by 46% to R257.1 million (2008:R176.3 million). Profit attributable to ordinary shareholders increased to R196.3 million (R131.0 million). In addition, headline earnings on a per share basis increased to 111.17cps (90.42cps).



Dividends per share

An interim dividend of 25.0cps was declared for the period under review.



Prospects

The next six months are expected to remain challenging due to continued project funding constraints and lower tender margins. Securing new contracts in the 2011 financial year is projected to be far tougher than previously. However, Stefanutti Stocks is strongly positioned to benefit from infrastructure spend and anticipated growth in the power generation and mining sectors. The group sees particular opportunities within the municipal services environment including waste management, sanitation and water purification as well as in the pipeline, rail construction and renewable energy arena. The next phase of the R23 billion Gauteng freeway improvement project is due to commence in 2012 and the group expects to participate.



PPPs should present an avenue for further growth. Stefanutti Stocks will also seek to expand the new Power Transmission and Distribution divisions. Geographic expansion remains a focus with an emphasis on bolstering the group's construction operations throughout Africa as well as in the Middle East. In general, all business units have adopted a policy of aggressive marketing and are alert to possible acquisitions. Stefanutti Stocks' order book stood at R6.6 billion at the end of the period.
22 Oct 2009 11:43:49
(Official Notice)
Stefstock has entered into an agreement dated 22 October 2009 to acquire the remaining 19.7% interest in Skelton - Plummer, a subsidiary of Stefstock, from Skelton - Plummer's management ("the sellers") for a consideration of R34 000 000.



Rationale for the acquisition

Stefstock is the controlling shareholder of Skelton - Plummer and considers it in the best interest of shareholders to increase its interest in Skelton - Plummer. This is in line with the Stefstock's strategy of acquiring minority interests in profitable subsidiaries.

Details of the acquisition



Fairness Opinion

Moore Stephens (JHB) Corporate Finance (Pty) Ltd has been appointed as the IPE and has provided the JSE with written confirmation that the acquisition is fair to the shareholders of the company.



Acquisition consideration

The aggregate acquisition consideration payable amounts to R34 000 000 together with any interest that may accrue on the amount from 1 November 2009 until the date of payment at a rate equal to the rate earned by Stefstock on funds placed in its call account.



Salient terms

The sellers have undertaken not to establish any new business or undertake any activity which competes with the business of the company for a period of 36 months commencing 5 days after the fulfilment of the last condition precedent.



Effective date

The effective date of the acquisition will be 1 September 2009.
05 Oct 2009 08:52:11
(Official Notice)
The board of Stefanutti Stocks hereby announces that the group's interim results for the six month period ended 31 August 2009, being earnings and headline earnings per share, are expected to be between 15% to 25% higher than the earnings and headline earnings per share for the six month period ended 31 August 2008. The financial information on which this trading statement is based has not been reviewed or reported on by the group's auditors.
27 Aug 2009 13:59:26
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 27 August 2009, the special resolution and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolution granting general authority to the directors to repurchase the company's shares was approved by shareholders and will be lodged for registration with CIPRO in due course. At the general meeting held on 27 August 2009, the ordinary resolution to approve the Stefanutti Stocks Forfeitable Share Plan 2009 was duly passed by the requisite majority of votes.
12 Aug 2009 08:45:10
(Official Notice)
Shareholders are advised that a circular to provide information regarding a proposed new staff share incentive scheme, namely a Forfeitable Share Plan ("FSP"), and to convene a general meeting at Monaco Training Room, No 9 Palala Street, Protec Park, Cnr Zuurfontein - Oranjerivier Drive, Kempton Park at 13:00 on Thursday, 27 August 2009, has been posted to shareholders on 12 August 2009. Full details of the FSP are contained in the circular. The FSP has been established in compliance with the Listings Requirements of the JSE Ltd.
31 Jul 2009 15:20:07
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2009 posted on 31 July 2009 are unchanged from the reviewed condensed consolidated results which were released on SENS on 19 May 2009. Notice was also given that the annual general meeting of Stefstock will be held at the company's offices, Monaco Training Room, No 9 Palala Street, Protec Park, Cnr Zuurfontein - Oranjerivier Drive, Kempton Park on Thursday, 27 August 2009 at 12:00.
26 Jun 2009 11:59:30
(Official Notice)
Bridge Capital Advisors (Pty) Ltd is authorised to announce that Stefanutti Stocks has entered into an agreement dated 26 June 2009 to acquire the remaining 49% interest in Civil - Coastal , a subsidiary of Stefanutti Stocks, from Gregory Moore and Simon Allen for a consideration of R 57 500 000.



Conditions Precedent

The acquisition is subject to and conditional upon the fulfilment of each of the following key conditions precedent:

*Civil - Coastal declaring and paying a dividend to its shareholders

*No material adverse change having occurred in relation to Civil - Coastal during the period between the dates upon which agreements were signed and the Completion Date.

*The sellers have undertaken not to establish any new business or undertake any activity which competes with the business of the Company for the following periods:

- In relation to Simon Allen, the period from 28 February 2009 until 28 February 2014

- In relation to Gregory Moore, the period from 28 February 2009 until the first anniversary of the later of his retirement as an employee and his resignation as a director of Civil - Coastal.

*Simon Allen will remain an executive director of Civil - Coastal.



Effective Date

The effective date of the acquisition will be 1 March 2009.
19 May 2009 08:47:57
(C)
Revenue more than doubled to R6.3 billion (R2.6 billion) for the year-ended 28 February 2009. EBITDA surged by 145% to R531.8 million (R217.3 million) and operating profit rose by 113% to R392.2 million (R184.3 million). Net profit for the year attributable to ordinary shareholders was up by 121% to R297.5 million (R134.9 million). In addition, headline earnings per share grew by 79% to 185.35cps (103.65cps).



Dividend

A maiden final ordinary dividend of 58cps has been declared.



Outlook

Stefstock is well-aligned with the infrastructure, mining, petrochemical and power generation markets and will continue to benefit from anticipated government and parastatal spend on infrastructure projects. Although the mining industry has slowed as a result of the drop in commodities markets, certain sectors have been less severely affected and the group will focus on opportunities in these sectors. Both the Southern African and Gulf regions continue to present attractive expansion prospects. The group will continue to closely monitor the impact on client expenditure programmes of the current uncertainty in global financial markets. Stefstock's order book amounted to R6.4 billion at year-end.
06 Apr 2009 08:16:06
(Official Notice)
Stefstock announced that the group's results for the year ended 28 February 2009, being earnings and headline earnings per share, are expected to be between 70% to 90% higher than the earnings and headline earnings per share for the year ended 29 February 2008.
20 Feb 2009 16:42:32
(Official Notice)
Stefanutti Stocks has entered into an agreement dated 20 February 2009 to acquire a 10% interest in SSK Geotechnical, a subsidiary of Stefanutti Stocks, from JS Nell for a consideration of R 6 040 000. The effective date of the acquisition will be 28 February 2009.
09 Dec 2008 08:03:44
(Official Notice)
The main civil works for Eskom's new Kusile power station situated between Balmoral and Ogies in Mpumalanga has been awarded to the Kusile civil works joint venture.Stefanutti Stocks Civils (Pty) Ltd a major subsidiary of Stefanutti Stocks will be the lead partner in the joint venture which also comprises Group Five Civil Engineering (Pty) Ltd, Basil Read (Pty) Ltd and WBHO Construction (Pty) Ltd, all member companies of major listed South African construction groups.
11 Nov 2008 08:57:19
(C)
Group revenue for the period rose 131% to R2.6 billion (R1.1 billion). Operating profit was up 126% to R176.3 million (R77.8 million) while net profit after tax increased by 149% to R142.7 million (R57.3 million). Earnings per share has increased by 112% to 89.77c (42.34c). Growth in EPS was affected to an extent by the additional 39 724 879 ordinary shares issued for the Stocks acquisition. Headline earnings of R132.0 million for the period translated into headline earnings per share of 90.42c (41.86c).



Dividend policy

In line with group policy set out in the pre-listing prospectus, an annual dividend will be declared on finalisation of results for the current financial year ending 28 February 2009.



Prospects

Stefanutti Stocks is well-aligned within the infrastructure, mining, petrochemical and power generation markets and will continue to benefit from expected government and parastatal spend on infrastructural projects. It is anticipated that public and private infrastructure work will continue offering opportunities for growth to beyond 2010, with a number of projects in power generation, road infrastructure, Department of Water Affairs and Department of Public Works still to be awarded from government's committed spend. The inclusion of Stocks for the full six months to February 2009 is expected to further boost results for the year. Both Southern Africa and the Gulf region continue to present attractive expansion prospects. However, the group will continue to monitor the impact on client expenditure programmes in light of the current uncertainty in global financial markets. Stefanutti Stocks' order book stood at R6.6 billion at the end of the interim period.
04 Nov 2008 17:08:20
(Official Notice)
The board of Stefanutti Stocks previously announced that the group's interim results for the 6 month period ended 31 August 2008, being earnings and headline earnings per share, were expected to be between 85% to 105% higher than the earnings and headline earnings per share for the 6 month period ended 31 August 2007. Shareholders are advised that the estimated increase in earnings and headline earnings per share for the period has been revised to be between 95% and 115% higher than for the corresponding period. The financial information on which this trading statement is based has as yet not been reviewed and reported on by the company's auditors. Reviewed results for the 6 month period ended 31 August 2008 will be published on or about 11 November 2008.
02 Oct 2008 15:07:48
(Official Notice)
The group's interim results for the six month period ended 31 August 2008, being earnings and headline earnings per share, are expected to be between 85% to 105% higher than the earnings and headline earnings per share for the six month period ended 31 August 2007. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
19 Sep 2008 12:07:06
(Permanent)
Stefanutti - Bressan Holdings Ltd renamed to Stefanutti Stocks Holdings Ltd on Friday, 19 September 2008.
29 Aug 2008 14:30:39
(Official Notice)
Shareholders are notified that at the company's annual general meeting held on 29 August 2008, the special resolutions and ordinary resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolutions will be lodged for registration with the Registrar of Companies in due course.
14 Aug 2008 11:00:33
(Official Notice)
In accordance with the formal transaction agreements relating to the acquisition of Stocks Ltd, the Board is pleased to announce the appointment of Stephen Pell as an executive director and Herman Mashaba as a non-executive director, to the board of Stefanutti - Bressan.
07 Aug 2008 15:58:07
(Official Notice)
Shareholders are advised that the company's audited annual financial statements for the year ended 29 February 2008, reflected in the annual report posted on 7 August 2008 are unchanged from the audited results released on SENS on 19 May 2008.



Notice of AGM

Notice is hereby given that the annual general meeting of S-B will be held at 10:00 on Friday, 29 August 2008 at the company's offices, Monaco Training Room, No 9 Palala Street, Protec Park, Cnr Zuurfontein - Oranjerivier Drives, Kempton Park. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of S-B for the year ended 29 February 2008.



Notice of name change

The board of directors of S-B has approved a proposal for a change of name from Stefanutti - Bressan Holdings Ltd (SFB ISIN ZAE000101903) to Stefanutti Stocks Holdings Ltd (JSE code: SSK ISIN ZAE000123766 and abbreviated name "StefStock") following the company's purchase of Stocks Ltd. Shareholders are advised that the name change will be voted on at the annual general meeting mentioned above. A circular detailing the rationale and timetable for the name change was posted to shareholders on 7 August 2008.



Salient dates and times

*Annual report incorporating details of the name change and form of surrender, distributed to shareholders on Thursday, 7 August 2008

*Forms of proxy for the annual general meeting of shareholders to be received by the latest 10:00 on Wednesday, 27 August 2008

*Annual general meeting of shareholders at 10:00 on Friday, 29 August 2008

*Results of annual general meeting announced on SENS on Friday, 29 August 2008

*Expected date of registration of special resolution of change of name by Thursday, 4 September 2008

*Last day to trade on old name before the name change on Thursday, 18 September 2008

*Change of name on the JSE effective from commencement of business on Friday, 19 September 2008

*Shares will trade in the new name ("Stefanutti Stocks Holdings Ltd SSK ISIN ZAE000123766") from commencement of trading on Friday, 19 September 2008

*Record date for the name change on Friday, 26 September 2008

*Share certificates posted to shareholders whose share certificates together with the surrender form have been received by 12:00 on the record date and CSDP/stockbroker accounts updated on Monday, 29 September 2008
23 Jul 2008 17:00:02
(Official Notice)
Further to the circular dated 16 May 2008, detailing the proposed transaction by S-B to acquire the entire issued share capital of Stocks, shareholders are advised that all conditions precedent have been met and the transaction has become unconditional. The consideration shares were listed on 23 July 2008. Following the listing of these shares, S-B has a total of 188 080 746 ordinary shares in issue.
02 Jul 2008 09:53:20
(Official Notice)
Shareholders are advised that the proposed transaction by S-B to acquire the entire issued share capital of Stocks, was approved without any conditions, by the Competition Commission. The transaction is still subject to the Zener Steward Electromechanical Joint Venture being converted into or transferred to a Limited Liability Company established under the United Arab Emirates Commercial Companies Law No 8 of 1984 or an alternative structure being implemented which achieves the same financial and economic effect.
02 Jun 2008 17:56:41
(Official Notice)
Shareholders are hereby notified that at the general meeting of shareholders held on 2 June 2008 in respect of the proposed acquisition of 100% of the issued share capital of Stocks Ltd by S-B ("the Proposed Transaction"), all the ordinary resolutions proposed at the meeting were duly approved.
19 May 2008 13:48:59
(Official Notice)
Shareholders are referred to the announcement regarding the proposed transaction to acquire the entire issued share capital of Stocks Ltd for a total consideration of R1 121 382 749.



Salient dates and times:

*Circular posted to S-B shareholders on Friday, 16 May 2008

*Last day for receipt of forms of proxy in respect of the general meeting by no later than 10:00 on Thursday, 29 May 2008

*General meeting to be held at 10:00 on Monday, 2 June 2008

*Results of general meeting released on SENS on Monday, 2 June 2008

*Results of general meeting published in the press on Tuesday, 3 June 2008

*New S-B shares listed on the JSE with effect from the commencement of business, on or before 30 September 2008.



A circular to shareholders setting out full details of the acquisition as well as revised listing particulars incorporating a notice convening a general meeting was posted to shareholders on Friday, 16 May 2008.
19 May 2008 07:58:24
(C)
Results for the year exceed the pre-listing forecasts. Group revenue increased by 51% to R2.5 billion (R1.7 billion) while operating profit increased by 162% to R184.3 million (R70.3 million) for S-B's maiden final results as a listed company. Net profit attributable to ordinary shareholders of the company were a robust R134.9 million. In addition, headline earnings on a per share basis amounted to 103.65cps.



Dividend

No dividend has been declared for the period under review.



Prospects

In light of unprecedented sector growth and continued robust market conditions the group remains confident of future growth. S-B is set to benefit from government's fast-tracking of infrastructure spend including on electricity, roads, ports and railways. In addition the group expects to benefit from investment backlogs in major municipal infrastructure such as water and wastewater purification plants.



The group further expects to participate significantly in Eskom's capital expansion programme and is currently tendering on a number of power-related projects. Additional opportunities include further coal-fired power stations and the proposed Eskom nuclear programme roll-out. S-B also anticipates continued private sector spending on capital projects in the commodities, petrochemical and manufacturing industries, in which the group is well-positioned to participate.



The acquisition of Stocks, once concluded, is set to significantly strengthen S-B's offering. The combined skills pool, particularly at management level where an industry-wide skills shortage is set to continue, will boost capacity and provide a clear competitive advantage. In addition Stocks' strong focus on building will bolster S-B's relatively smaller operations in this field. Further Stocks' established US Dollar-revenue stream from the Gulf operations will act as a rand hedge for the group, with its foothold in the high-growth region providing an opportunity for the group to penetrate other niche markets in the Gulf region, and leverage its full services offering.



Notwithstanding the prospects for strong future growth management is conscious of the constraints which factors such as the skills shortage, electricity supply and rising interest rates may have on future growth. The order book currently stands at R3.8 billion.
13 May 2008 07:54:56
(Official Notice)
Shareholders are notified that MRM Financial Services (Pty) Ltd has resigned as company secretary of S-B. Antonio Cocciante has been appointed as company secretary with immediate effect.
05 May 2008 17:42:30
(Official Notice)
Further to the cautionary announcement related to the proposed acquisition of Stocks dated 11 March 2008, shareholders are advised that following the successful completion of reciprocal due diligence exercises relating to the proposed acquisition of the entire issued share capital of Stocks ("the Proposed Transaction"), S-B and Stocks have concluded binding agreements for the Proposed Transaction.



Outstanding conditions precedent

The transaction is still subject, inter alia, to the following conditions precedent:

*the approval by S-B's shareholders of the terms of the Proposed Transaction as required under the JSE Ltd ("JSE") Listings Requirements;

*the approval of the JSE the Securities Regulation Code on Takeovers and Mergers ("SRP"), the Competition Commission and other relevant authorities (if any) of the Proposed Transaction and all of the documents associated with implementing the Proposed Transaction;

*the registration (to the extent necessary) of the resolutions required to give effect to a distribution by Stocks of R61 363 637 payable to RMB Venture Two (Pty) Ltd ("RMB");

*the board of Stocks confirming in writing to S-B that no dividends have been declared to the shareholders of Stocks in the period between 1 May 2007 and Completion, other than as distributed to RMB and the interim dividend of R10 million paid on 31 January 2008;

*the Zener Steward Electromechanical Joint Venture is converted into or transferred to a Limited Liability Company established under the United Arab Emirates Commercial Companies Law No 8 of 1984 or an alternative structure is implemented which achieves the same financial and economic effect; and

*the repurchase from the Stocks Trust in terms of section 85 of the Companies Act, an aggregate number of 2 214 338 Stocks shares, at par value and the subsequent cancellation of such shares.



Circular

A circular relating to the Proposed Transaction, incorporating a notice of general meeting and a form of proxy will be posted to shareholders in due course.



Withdrawal of cautionary announcement

As the financial effects of the transaction have been announced, shareholders are no longer required to exercise caution when dealing in their S-B shares and accordingly, the cautionary announcement released by S-B on 11 March 2008 is hereby withdrawn.
07 Apr 2008 07:46:00
(Official Notice)
S-B announced that the group's results for the year ended 29 February 2008, being earnings and headline earnings per share are expected to be between 20% to 30% higher than the forecast earnings and headline earnings per share for the year ended 29 February 2008 as detailed in the prospectus dated 25 July 2007.
11 Mar 2008 08:11:19
(Official Notice)
Shareholders are advised that S-B has agreed to proceed with a transaction to acquire the entire issued share capital of Stocks Ltd for a total consideration of R1 121 382 761. The transaction is subject, inter alia, to the following conditions precedent:

*the satisfactory completion by S-B and Stocks of reciprocal due diligence reviews;

*the execution of formal agreements, including warranties that are normal for a transaction of this nature;

*approval by S-B`s board of directors of the terms of the final transaction agreements;

*approval by S-B`s shareholders of the terms of the proposed transaction as required under the JSE Listing Requirements;

*the approval of the JSE, the Securities Regulation Code on Takeovers and Mergers, the Competition Commission and other relevant authorities (if any) of the Proposed Transaction and all of the documents associated with implementing the Proposed Transaction;

*approval and registration (to the extent necessary) of the resolutions required to give effect to a distribution by Stocks of R61 363 637 payable to RMB;

*legal completion of the HAD acquisition by Stocks;

*service and restraint agreements, in form and substance reasonably satisfactory to S-B, having been concluded between Stocks and key Stocks Management; and

*the Board of Stocks confirming in writing to S-B that no dividends have been declared to the shareholders of Stocks in the period between 1 May 2007 and Completion, other than as distributed to RMB (as set out under paragraph 4.2.6 above) and the interim dividend of R10 million paid on 31 January 2008.



The implementation of the acquisition will result in a Category 1 transaction according to the JSE Listings Requirements. A circular to shareholders setting out full details of the acquisition as well as revised listing particulars incorporating a notice convening a general meeting will be circulated to shareholders within 28 days following the date of this announcement.
06 Mar 2008 15:37:15
(Official Notice)
Shareholders are advised that the company has entered into negotiations which, if successfully concluded, may have a material effect on the price at which the company's shares trade. Accordingly, shareholders are advised to exercise caution when dealing in the company's shares until a further announcement is made.
15-Jun-2016
(X)
Stefanutti Stocks, a leading construction company, operates throughout South Africa, sub-Saharan Africa and the Middle East with multi-disciplinary expertise including concrete structures, marine construction, piling and geotechnical services, roads and earthworks, bulk pipelines, mine residue disposal facilities (mainly tailings dams), open pit contract mining, all forms of building works including affordable housing, mechanical and electrical installation and construction.


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