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06-Sep-2018
(C)
17-Aug-2018
(Official Notice)
Spur Corporation made the following announcement regarding a change to the company?s board of directors (?the board?):



Shareholders are advised of the resignation of Ms Tasneem Karriem, a Non- Executive Director and a representative for Grand Parade Investments Ltd. (?GPI?) on the board, and Spur Corporation announced the appointment of Ms Prabashinee Moodley as a Non-Executive Director and the GPI representative on the board with effect from 15 August 2018.
30-Jul-2018
(Official Notice)
28-Jun-2018
(Official Notice)
Spur is to expand its restaurant portfolio with the acquisition of a 51% stake in the fast-growing franchise restaurant group Nikos Coalgrill Greek. Nikos Coalgrill Greek currently operates six franchised restaurants, with a further four outlets confirmed to open in the coming months.



The first Nikos Coalgrill Greek restaurant opened in Durban North in March 2017 and the two most recent outlets opened in Sandton and Randpark Ridge in April this year. The other outlets are in Ballito, Fourways and Pretoria East.



Spur will acquire the 51% shareholding from the founding family members, Peter, Nicolette and Nicholas Triandafillou and Pano Economou, who will retain the balance of the shareholding and continue to manage the business with the support of the Spur group?s franchising expertise.



The purchase consideration will be calculated based on a five-times earnings multiple after year three. Spur will have an option to acquire an additional 19% shareholding after three years.



Nikos Coalgrill Greek will be the eighth restaurant brand in Spur?s growing portfolio after Spur Steak Ranches, Panarottis Pizza Pasta, John Dory?s, The Hussar Grill, RocoMamas, Casa Bella and Spur Grill And Go.



The acquisition is subject to a due diligence evaluation and the effective date of the transaction will be 1 August 2018.
23-Feb-2018
(Official Notice)
Spur Corporation founder and executive chairman Allen Ambor is to retire from the company and the board with effect from 1 March 2019 after 51 years? of service.



Mr Ambor (76) founded Spur when he opened the first restaurant in Newlands, Cape Town, in 1967 and has served as executive chairman of the board since the company?s listing on the JSE in 1986.



In terms of his employment conditions Mr Ambor is required to serve a 12-month notice period. The nominations committee of the board will shortly commence the process to identify a new board chairman.
22-Feb-2018
(C)
Revenue from continuing operations lowered by 0.9% to R344.6 million (2016: R347.6 million) and gross profit decreased by 3.9% to R244.9 million (2016: R254.7 million). Operating profit before finance income dropped by 14% to R118.9 million (2016: R138.3 million). Profit attributable to owners of the company dipped by 14.7% to R96.7 million (2016: R113.3 million). In addition, headline earnings per share from continuing operations was 11.6% lower at 101.04 cents per share (2016: 114.29 cents per share).



Cash dividend

Shareholders are advised that the board of directors of the company has, on Wednesday, 21 February 2018, resolved to declare an interim gross cash dividend for the six-month period to 31 December 2017 of R68.343 million, which equates to 63.0 cents per share for each of the 108 480 926 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962 amended) (?dividend withholding tax?) of 20%.



Company prospects

The group?s focus in the months ahead will be on food quality, value, competitive pricing and driving customer loyalty across all brands. The improving performance in the second quarter augurs well for a stronger result in the second half of the year, particularly for the Spur Steak Ranches chain which encountered major headwinds in the first half.



The water crisis in the Western Cape poses a risk in the months ahead and remedial strategies are being implemented to minimise the impact on trading.



The restaurant footprint in South Africa will be expanded with the opening of 21 restaurants across Spur Steak Ranches (3), Panarottis (1), RocoMamas (10), Captain DoRegos (5), The Hussar Grill (1) and Casa Bella (1) in the remainder of the financial year. Management continues to seek opportunities to acquire brands with good growth prospects.



The group aims to open at least 10 international restaurants to June 2018, with the focus mainly on Africa where new outlets will be opened in Namibia (three), Zambia, Zimbabwe and Swaziland. A further two outlets will be opening in Saudi Arabia, one in Mauritius and the first RocoMamas in Australia.



While the stabilising political environment in South Africa is expected to boost consumer confidence in the short term, the directors believe that any marked improvement in spending is only likely to follow an economic recovery in the medium to longer term.



29-Jan-2018
(Official Notice)
Franchised restaurant sales for the group declined by 2.6% to R3.7 billion in the six months to December 2017 (?the period?), as economic conditions deteriorated in most of the markets in which Spur Corporation trades.



In South Africa, franchised restaurant sales declined by 3.0%, while sales from international restaurants increased by 1.3% in Rand terms and by 3.2% on a constant exchange rate basis.



Locally, 35 new outlets were opened and 13 closed during the period, while five outlets were opened and five closed internationally.



The chief executive Pierre van Tonder attributes the group?s performance for the period to the residual effects of what he described as the ?perfect storm? of March 2017: the political uncertainty caused by the cabinet reshuffle, the impact of the social media fallout following a customer incident in a Spur outlet in Johannesburg and a struggling economy. He added that, as previously communicated to shareholders, the group also implemented a strategic decision to move its promotional strategies away from discounting in the second half of the previous financial year, to protect franchisee margins. This has had the expected negative impact on turnovers in the short term, but is critical to the sustainability of the franchise model, particularly in the case of Spur Steak Ranches, and has been successful in restoring acceptable profitability for franchisees.



At 31 December 2017, the group?s restaurant base comprised 613 (June 2017: 591) outlets, including 63 (June 2017: 63) operating outside of South Africa.



The financial information in this sales update has not been reviewed or reported on by the group?s independent auditor. Spur Corporation?s interim results for the six months ended 31 December 2017 will be released on SENS on 22 February 2018.



26-Jan-2018
(Official Notice)
The board of directors advised shareholders that Mr Phillip Matthee (age 40), currently group finance executive, has been appointed as financial director and an executive director of Spur with effect from 1 April 2018. This follows the resignation of Ms Ronel van Dijk as financial director with effect from 31 March 2018, as announced on 27 November 2017.
01-Dec-2017
(Official Notice)
The board of directors of Spur advised that at the Annual General Meeting of shareholders held on 1 December 2017, all the resolutions, as set out in the Notice of Annual General Meeting dated 29 September 2017, were duly approved by the requisite majority of shareholders present and voting, with the exception of Ordinary Resolution Number 5: Endorsement of the Remuneration Policy.
27-Nov-2017
(Official Notice)
Shareholders are advised that Ms Ronel van Dijk on 24 November 2017 has tendered her resignation as financial director of the Company, which resignation will be effective from 31 March 2018, in order to pursue other interests.



Shareholders will be advised of the appointment of Ms van Dijk?s successor in due course.

27-Nov-2017
(Official Notice)
Shareholders are advised that Ms Ronel van Dijk on 24 November 2017 has tendered her resignation as Financial Director of the company, which resignation will be effective from 31 March 2018, in order to pursue other interests.



Shareholders will be advised of the appointment of Ms van Dijk?s successor in due course.
13-Oct-2017
(Official Notice)
Shareholders are hereby notified in accordance with the Listings Requirements of the JSE Ltd., that the Company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act (Act 53 of 2003), read with the Broad-Based Black Economic Empowerment Amendment Act (Act 46 of 2013), has been published and is available on the company?s website, www.spurcorporation.co.za.



29-Sep-2017
(Official Notice)
Shareholders are advised that the company?s annual financial statements will be available on the company's website (www.spurcorporation.co.za) from 11h00 on 29 September 2017. The annual financial statements were audited by Spur?s auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company?s registered office, 14 Edison Way, Century Gate Business Park, Century City, Cape Town. The company?s annual financial statements contain no modifications to the reviewed condensed consolidated results which were released on SENS on 7 September 2017.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Spur shareholders will be held at 11:00 on Friday, 1 December 2017 at 14 Edison Way, Century Gate Business Park, Century City, Cape Town to transact the business as stated in the Notice of Annual General Meeting which was posted to shareholders on, and available on the company's website from, 29 September 2017, together with the company?s Integrated Annual Report.



Record dates

The Notice of Annual General Meeting was posted to shareholders of the company who were recorded as such in the company's securities register on 22 September 2017.



The date on which shareholders of the company must be recorded as such in the company's securities register in order to attend and vote at the Annual General Meeting is Friday, 24 November 2017. The last day to trade in order to be entitled to vote at the Annual General Meeting is Tuesday, 21 November 2017.



Forms of Proxy may be presented at any time prior to, or at, the Annual General Meeting. If Forms of Proxy are directed to the Company?s transfer secretaries these must be lodged by no later than 11:00 on Thursday, 30 November 2017.
07-Sep-2017
(C)
Revenue for the year from continuing operations went up 2.4% to R648.0 million (R633.1 million) whilst gross profit rose 0.7% to R469.3 million (R466.2 million). Operating profit before finance income dipped 21.0% to R174.1 million (R220.6 million), Furthermore, headline earnings per share from continuing operations lowered by 25.8% to 140.96 cents per share (190.01 cents per share).



Dividend

Shareholders are advised that the board of directors of the company has, on Wednesday, 6 September 2017, resolved to declare a final gross cash dividend for the year to 30 June 2017 of R66.173 million, which equates to 61.0 cents per share for each of the 108 480 926 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962 amended) ("dividend withholding tax") of 20%.



Company prospects

Growth plans for the new financial year include the opening of a net 20 restaurants in South Africa across Spur Steak Ranches(4), Panarottis(1), John Dory's(1), RocoMamas(7), Captain DoRegos(2), The Hussar Grill(3) and Casa Bella(2). An upgraded and modernised store design will be applied to all new Spur and Panarottis outlets.



In the current economic environment management aims to open smaller format stores, with the lower investment being more attractive to franchisees, while also seeking opportunities to open Spur Grill - Go outlets in smaller towns.



The group aims to open at least nine international restaurants, with the focus mainly on Africa where new outlets will be opened in Nigeria (2), Namibia, Kenya, Zimbabwe and Swaziland. A further two outlets will be opening in Saudi Arabia and one in Mauritius.



The international expansion strategy will be aimed at growing the store footprint in the regions where the group currently trades to build brand equity and create economies of scale. The group will take a cautious approach to entering new regions.



The directors do not expect trading conditions to improve in the next 12 to 18 months. Consumer spending will continue to be constrained while manufacturing margins will remain under pressure from high raw material input costs. The group will continue to invest in franchisee profitability which is critical to the long-term success of the business. Tight operational disciplines and innovative marketing will therefore be critical to the growth of the group's eight home grown brands.
24-Jul-2017
(Official Notice)
Spur increased total franchised restaurant sales from continuing operations* by 4.2% to R7.2 billion in the year to 30 June 2017, following the closure of the group?s UK operations in the previous financial year.



Franchised restaurant sales in South Africa grew by 4.4%, with sales from international restaurants (excluding the UK) increasing by 2.4% in Rand terms. International restaurant sales (excluding the UK) increased by 6.3% on a constant exchange rate basis.



A net 11 new outlets were opened locally during the year. Internationally, a net 5 new outlets were opened, including the group?s first restaurants in New Zealand (Spur), Ethiopia (Spur), Oman (RocoMamas) and Saudi Arabia (RocoMamas).



At 30 June 2017, the group?s restaurant base comprised 591 (June 2016: 575) outlets, including 63 (June 2016: 58) operating outside of South Africa.



Spur Corporation?s annual results for the year ended 30 June 2017 will be released on SENS on 7 September 2017.



* As previously advised to shareholders, all the group?s operations in the UK and Ireland (which comprised a separate operating segment), ceased trading by 30 June 2016.
13-Apr-2017
(Official Notice)
Spur Corporation wishes to make the following announcement regarding a change to the company?s board (?the board?):

Following the resignation of Mr Alan Edward Keet, a Non-Executive Director and board representative for Grand Parade Investments Ltd. (?GPI?), announced on 10 April 2017, Spur Corporation is pleased announce the appointment of Ms Tasneem Karriem as a Non- Executive Director and the GPI representative on the board with effect from 12 April 2017.

10-Apr-2017
(Official Notice)
Spur Corporation makes the following announcement regarding a change to the board:



Mr Alan Edward Keet, a non-executive director and board representative for Grand Parade Investments Ltd. (?GPI?), has resigned as director of the company with effect from 1 April 2017 following his resignation from GPI. Mr Keet was appointed to the board pursuant to a broad-based black economic empowerment transaction concluded with GPI in 2014 which resulted in GPI acquiring 10% of the company?s ordinary shares in issue.



Shareholders are advised that the appointment of Mr Keet?s successor, who will represent GPI on the board, will be advised in due course.

24-Feb-2017
(Official Notice)
With reference to the announcement of the company?s unaudited condensed consolidated financial statements and cash dividend declaration for the six months ended 31 December 2016 published on SENS on 23 February 2017, shareholders are advised that the South African Finance Minister, Pravin Gordhan, announced an increase in the dividend withholding tax rate from 15% to 20% on 22 February 2017 during the delivery of the 2017 Budget. The South African Revenue Service and National Treasury have advised that the effective date of the new rate is in respect of all dividends paid on or after 22 February 2017.



Shareholders are therefore advised that the interim gross cash dividend payable on 3 April 2017, which was declared by the board of directors of the company on 22 February 2017 and announced on 23 February 2017, of R77.021 million, equating to 71.0 cents per share for each of the 108 480 926 shares in issue, will be subject to dividend withholding tax at a rate of 20%, and not 15% as indicated in the above-mentioned announcement, where applicable.



The net dividend, after taking into account dividend withholding tax at a rate of 20%, is 56.8 cents per share for shareholders liable to pay dividend withholding tax.
23-Feb-2017
(C)
14-Feb-2017
(Official Notice)
Shareholders are advised that Spur is expecting to report earnings as follows:



Six months to 31 December 2016 and Six months to 31 December 2015, % change

EPS and diluted

EPS (cents): 115.14 ? 119.82 93.61 23% ? 28%



EPS and diluted

EPS (cents) ? continuing operations: 111.34 ? 116.06 94.36 18% - 23%



HEPS and diluted

HEPS (cents): 109.10 ? 114.20 101.96 7% - 12%



HEPS and diluted

HEPS (cents) ? continuing operations: 111.39 ? 116.11 94.40 18% - 23%



EPS: earnings per share

HEPS: headline earnings per share



By 30 June 2016, the group had ceased trading in the UK and Ireland. These operations represented a separate major line of business and a separate operating segment for reporting purposes. The results of the segment will accordingly be disclosed separately to continuing operations, as referred to in the table above.



Excluding the impact of the UK and Ireland business unit, the increase in earnings from continuing operations is due to certain one-off and unusual items in the current and prior periods including the impact of the group?s cash- settled share incentive scheme, the fair value adjustment to the RocoMamas contingent consideration liability arising from the acquisition of RocoMamas in March 2015, and foreign exchange movements.



Shareholders are advised that, excluding the impact of these items, Spur is expecting to report the following:

% change from six months ended 31 December 2015 to six months ended 31 December 2016

Comparable profit before income tax: 2% - 7%

Comparable HEPS: 2% - 7%



Spur?s interim results for the period ended 31 December 2016 are expected to be published on 23 February 2016.
26-Jan-2017
(Official Notice)
Spur Corporation increased total franchised restaurant sales from continuing operations* by 10.4% to R3.8 billion in the six months to December 2016 (?the period?), following the closure of the group?s UK operations in the previous financial year. Franchised restaurant sales in South Africa grew by 10.2%, with sales from international restaurants (excluding the UK) increasing by 12.0% in Rand terms. International restaurant sales (excluding the UK) increased by 9.3% on a constant exchange rate basis.



A net 13 new outlets were opened locally during the period. Internationally, six new outlets were opened, including the group?s first restaurants in New Zealand (Spur), Ethiopia (Spur) and Oman (RocoMamas). Chief executive, Pierre van Tonder, said the group had delivered a satisfactory trading performance in the context of declining consumer confidence and disposable income locally, and deteriorating economic conditions in the rest of Africa.



At 31 December 2016, the group?s restaurant base comprised 590 (June 2016: 575) outlets, including 60 (June 2016: 58) operating outside of South Africa. The financial information in this sales update has not been reviewed or reported on by the group?s independent auditor. Spur Corporation?s interim results for the six months ended 31 December 2016 will be released on SENS on 23 February 2017.



As previously advised to shareholders, all the group?s operations in the UK and Ireland (which comprised a separate operating segment), had ceased trading by 30 June 2016.

09-Dec-2016
(Official Notice)
09-Dec-2016
(Official Notice)
The board of directors of Spur hereby advises that at the Annual General Meeting of shareholders held today, 9 December 2016, the following resolutions, as set out in the Notice of Annual General Meeting dated 14 October 2016, were duly approved by the requisite majority of shareholders present and voting.
14-Oct-2016
(Official Notice)
Shareholders are advised that the company?s annual financial statements will be available on the company's website (www.spurcorporation.co.za) from 10h00 on 14 October 2016. The annual financial statements were audited by Spur?s auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company?s registered office, 14 Edison Way, Century Gate Business Park, Century City, Cape Town. The company?s annual financial statements contain no modifications to the reviewed condensed consolidated results which were released on SENS on 7 September 2016.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Spur shareholders will be held at 11:00 on Friday, 9 December 2016 at 14 Edison Way, Century Gate Business Park, Century City, Cape Town to transact the business as stated in the Notice of Annual General Meeting which was posted to shareholders on 14 October 2016 and available on the company's website from 14 October 2016, together with the company?s Integrated Annual Report.



Record dates

The Notice of Annual General Meeting was posted to shareholders of the company who were recorded as such in the company's securities register on 14 October 2016.

The date on which shareholders of the company must be recorded as such in the company's securities register in order to attend and vote at the Annual General Meeting is Friday, 2 December 2016. The last day to trade in order to be entitled to vote at the Annual General Meeting is Tuesday, 29 November 2016. Proxy Forms must be lodged by no later than 11:00 on Thursday, 8 December 2016.
08-Sep-2016
(C)
Revenue for the year increased by 3.4% to R633.1 million (2015: R612.4 million). Gross profit rose by 4.5% to R466.2 million (2015: R446.2 million), operating profit before finance income jumped by 16.7% to R220.6 million (2015: R189.1 million), profit attributable to owners of the company was 6.3% higher at R135.6 million (2015: R127.6 million), while headline earnings per share from continuing operations grew by 16.8% to 190.01 cents per share (2015: 162.68 cents per share).



Dividend

Shareholders are advised that the board of directors of the company has, on Wednesday, 7 September 2016, resolved to declare a final gross cash dividend for the year to 30 June 2016 of R79.191 million, which equates to 73 cents per share for each of the 108 480 926 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962 amended) ("dividend withholding tax") of 15%.



Prospects

Amidst lower economic growth and negative consumer sentiment, consumers in the group's middle-income market will remain under pressure in the months ahead. In this environment, the group will continue to attract cost conscious customers through aggressive marketing campaigns, targeted television advertising and providing an excellent quality, value-driven product offering to its customers.



The group plans to open at least 28 restaurants across all brands in South Africa in the year ahead. Nine new franchised outlets will be opened internationally, including additional restaurants in Nigeria and Zimbabwe, and the first Spur outlets in New Zealand and Ethiopia. RocoMamas will be opening outlets in Saudi Arabia, Oman, Kenya and Mauritius.



The closure of the UK operations is expected to contribute to increased profitability in the international operations.
27-Jul-2016
(Official Notice)
Spur increased total restaurant sales by 12.9% to R6.97 billion in the year to June 2016.



Restaurant sales in South Africa grew by 13.0%, while sales from international restaurants increased by 12.9% in Rand terms. Applying a constant exchange rate, international restaurant sales increased by 2.8%.



The group opened 74 outlets in South Africa and ten internationally in the year to 30 June 2016, including 33 RocoMamas outlets locally. Thirteen Captain DoRegos outlets were closed. All eight of the group?s remaining restaurants in the UK and Ireland were closed during the year, following the decision to cease operations in that region and focus the international business primarily on Africa and Australia.



At 30 June 2016, the group?s restaurant base comprised 575 (2015: 522) outlets, 58 (2015: 58) of which operate outside of South Africa. Spur?s annual results for the year ended 30 June 2016 will be released on SENS on 8 September 2016.
25-Feb-2016
(C)
Revenue decreased by 5.4% to R386.6 million (R408.7 million). Operating profit before finance income increased by 42.3% to R119.6 million (R84.1 million). Profit attributable to owners increased 63.7% to R89.9 million (R54.9 million). In addition, headline earnings per share increased to 101.96 cents per share (61.15 cents per share).



Dividend

Shareholders are advised that the board of directors of the company has, on Wednesday, 24 February 2016, resolved to declare an interim gross cash dividend for the six month period ended 31 December 2015 of R72.682 million, which equates to 67 cents per share for each of the 108 480 926 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962 amended) ("dividend withholding tax") of 15%.



Prospects

Against the backdrop of slowing economic growth, negative consumer sentiment and socio-political instability, consumer spending will come under further pressure in the months ahead as South Africans face higher inflation and debt servicing costs. In this environment, the group will remain competitive through aggressive, value-focused marketing campaigns to attract cash-strapped consumers. The group plans to open 31 restaurants across its brands in South Africa in the remainder of the financial year ending June 2016, including 17 RocoMamas restaurants. Six new franchised outlets will be opened internationally including additional restaurants in Kenya, Nigeria, Zimbabwe and Australia, and a first outlet in Ethiopia.
16-Feb-2016
(Official Notice)
Shareholders are advised that Spur is expecting to report earnings as follows:

Six months to 31 December 2015, Six months to 31 December 2014 and % change

*EPS and diluted EPS (cents) -- 91.78 - 94.86; 61.60; 49% ? 54%

*HEPS and diluted HEPS (cents) -- 100.29 ? 103.34; 61.15; 64% - 69%



EPS: earnings per share

HEPS: headline earnings per share



The increase in earnings is due largely to the accounting in the prior period for the broad-based black economic empowerment equity transaction with Grand Parade Investments Limited effected on 30 October 2014 (?the GPI transaction?), in accordance with International Financial Reporting Standards. The transaction resulted in the issue of 10 848 093 new ordinary shares, and a share-based payment expense of R32.957 million for the period to 31 December 2014.



Shareholders are advised that, excluding the impact of the GPI transaction, the impact of the group?s long-term share- linked employee retention scheme, foreign exchange gains and losses and other one-off and exceptional items in the current and previous comparable periods, Spur is expecting to report the following:

% change from six months ended 31 December 2014 to six months ended 31 December 2015

*Comparable profit before income tax -- 3% - 8%

*Comparable HEPS -- (1%)- 4%



Spur?s interim results for the period ended 31 December 2015 are expected to be published on 25 February 2016.
26-Jan-2016
(Official Notice)
Spur Corporation increased total restaurant sales by 12.6% to R3.5 billion in the six months to December 2015 (?the period?).



Restaurant sales in South Africa grew by 13.2%, with sales from international restaurants increasing by 8.3% in Rand terms. International restaurant sales at a constant exchange rate increased by 3.9%.



Sales for the RocoMamas chain, which was acquired with effect from 1 March 2015, are included in the group?s total restaurant sales. Customer response to the new brand has been particularly pleasing and in the past six months 22 RocoMamas outlets have been opened locally and one in Namibia, bringing the restaurant base to 32.



Spur Corporation?s interim results for the six months ended 31 December 2015 will be released on SENS on 25 February 2016.
04-Dec-2015
(Official Notice)
The board of directors of Spur hereby advises that at the Annual General Meeting of shareholders held today, 4 December 2015, the following resolutions, as set out in the Notice of Annual General Meeting dated 12 October 2015, were duly approved by the requisite majority of shareholders present.

12-Oct-2015
(Official Notice)
Shareholders are advised that the company?s annual financial statements will be available on the company's website (www.spurcorporation.co.za) from 11h00 on 12 October 2015. The annual financial statements were audited by Spur?s auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company?s registered office, 14 Edison Way, Century Gate Business Park, Century City, Cape Town. The company?s annual financial statements contain no modifications to the reviewed condensed consolidated results which were released on SENS on 10 September 2015.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Spur shareholders will be held at 11:00 on Friday, 4 December 2015 at 14 Edison Way, Century Gate Business Park, Century City, Cape Town to transact the business as stated in the Notice of Annual General Meeting which was posted to shareholders on 12 October 2015 and available on the company's website from 12 October 2015, together with the company?s Integrated Annual Report.



Record dates

The Notice of Annual General Meeting was posted to shareholders of the company who were recorded as such in the company's securities register on 25 September 2015.



The date on which shareholders of the company must be recorded as such in the company's securities register in order to attend and vote at the Annual General Meeting is Friday, 27 November 2015. The last day to trade in order to be entitled to vote at the Annual General Meeting is Friday, 20 November 2015. Proxy Forms must be lodged by no later than 11:00 on Thursday, 3 December 2015.
10-Sep-2015
(Official Notice)
Nazrana Hawa has been appointed as company secretary of Spur with effect from 9 September 2015. Ronel van Dijk, the Financial Director/Chief Financial Officer of Spur , has until now fulfilled the role of company secretary in addition to her other responsibilities.



An admitted attorney, Nazrana commenced articles at Bowman Gilfillan before spending three years at a litigation practice. She joined Spur Corporation in 2011 as the group?s legal and compliance officer and assisted the financial director in fulfilling the duties of company secretary.



The board has the utmost confidence in Nazrana?s ability to fulfil the role of independent gatekeeper of governance and, as company secretary, assist the board in fulfilling its mandate.
10-Sep-2015
(C)
Revenue for the year increased by 3.7% to R760.1 million (2014: R732.6 million), gross profit rose by 5.3% to R549.6 million (2014: R522 million), profit attributable to owners of the company lowered by 6.4% to R127.6 million (2014: R136.3 million), while headline earnings per share decreased by 3.2% to 152.76 cents per share (2014: 157.89 cents per share).



Dividend

Shareholders are advised that the board of directors of the company has, on Wednesday, 9 September 2015, resolved to declare a final gross cash dividend for the year to 30 June 2015 of R75.937 million, which equates to 70 cents per share for each of the 108 480 926 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962 amended) ("dividend withholding tax") of 15%.



Prospects

The economic and trading headwinds facing the food and restaurant sector are not expected to abate in the year ahead, including the impact of the depreciating currency, continued load-shedding and rising operating costs. Similarly, consumers are likely to remain under financial pressure. In the year ahead, the group plans to open 38 restaurants across its brands in South Africa. This includes doubling the existing restaurant base of the newly acquired RocoMamas chain.



International expansion will focus mainly on Africa where 12 new franchised outlets will be opened. These include additional restaurants in Nigeria, Zambia, Kenya and Namibia, and the first outlets in Ethiopia. The first international outlets for RocoMamas and The Hussar Grill will be opened in Namibia and Zambia, respectively. In Australia, one Spur and one Panarottis restaurant will be opened in Perth. In the UK, the group plans to expand the RBW pilot project to a further three sites and suitable locations are currently being evaluated.
22-Jul-2015
(Official Notice)
Spur increased total restaurant sales by 12.1% to R6.2 billion in the year to June 2015, with sales from existing restaurants increasing by 7.8%.



Restaurant sales in South Africa grew by 11.3%, while sales from international restaurants increased by 18.6% in Rand terms. Applying a constant exchange rate, international restaurant sales increased by 12.1%.



Growth in restaurant sales for the year ended 30 June 2015

Total restaurant sales (% change) - Existing restaurant sales (% change)

*Spur Steak Ranches: 9.0 - 7.3

*Panarottis Pizza Pasta: 25.4 - 15.8

*John Dory?s Fish Grill Sushi: 12.0 - 5.7

*Captain DoRegos: (13.2) - (20.2)

*Total South African operations*: 11.3 - 7.6

*Total international operations: 18.6 - 9.3

*Total group*: 12.1 - 7.8



* Includes sales for the recently acquired chains, The Hussar Grill and RocoMamas, which did not trade in the group for the full current and previous financial years.



The group opened 44 outlets in South Africa and eight internationally, including the first Spur RBW (Ribs Burgers Wings) company-owned store in Corby in the UK in June 2015.



At 30 June 2015, the group?s restaurant base comprised 522 (2014: 490) outlets, 58 (2014: 52) of which operate outside of South Africa.



The financial information in this sales update has not been reviewed or reported on by the group?s independent auditor. Spur Corporation?s annual results for the year ended 30 June 2015 will be released on SENS on 10 September 2015.
26-Feb-2015
(C)
Revenue increased by 8.7% to R408.7 million (R376.0 million). Operating profit before finance income decreased by 16.9% to R84.1 million (R101.2 million). Profit attributable to owners fell 24.5% to R54.9 million (R72.8 million). In addition, headline earnings per share lowered by 28.2% to 61.15 cents per share (85.14 cents per share).



Dividend

Shareholders are advised that the board of directors of the company has, on Wednesday, 25 February 2015, resolved to declare an interim gross cash dividend for the six-month period to 31 December 2014 of R67.3 million, which equates to 62.0 cents per share.



Prospects

Consumer spending in Spur's middle-income target market is unlikely to improve markedly in the next 12 to 18 months. The financial pressures being experienced by the group's customer base are being compounded by the current uncertainty in the country, which is weighing on consumer sentiment. This is particularly evident in the lower LSM customer market served by Captain DoRegos.



Protracted periods of Eskom load shedding locally are likely to impact restaurant turnover.



For the remainder of the financial year to 30 June 2015, Spur plans to open 21 restaurants across its brands in South Africa, while international expansion will focus on Africa where five new franchised outlets will be opened. These are additional Spur stores in Nigeria, Zambia and Tanzania, a Panarottis in Tanzania and the first international John Dory's which will be opened in Zambia.



Management continues to pursue its strategy of disposing of company-owned restaurant investments in Australia and to only operate the franchise model in future. In the United Kingdom, a smaller format Spur brand, known as RBW (Ribs Burgers Wings), is being developed and pilot sites have been identified.



Shortly after the end of the reporting period, the group concluded negotiations to purchase a 51% stake in RocoMamas, a trendy, niche brand offering hand-made "smash-style" burgers, ribs and wings through its chain of five franchised restaurants in Gauteng. Subsequent to the intended acquisition date of March 2015, the group plans to expand the RocoMamas brand nationally with capacity to extend the chain to 30 to 40 outlets in the next few years.
20-Feb-2015
(Official Notice)
Shareholders are advised that Spur is expecting to report earnings as follows: Six months to 31 to December 2014

*EPS and diluted EPS: 59.50 - 63.75 (cents)

*HEPS and diluted HEPS:58.90 - 63.10 (cents)



The decline in earnings is due to the accounting for the broad-based black economic empowerment equity transaction with Grand Parade Investments Limited effected on 30 October 2014 (?the GPI transaction?), in accordance with International Financial Reporting Standards. The transaction resulted in the issue of 10 848 093 new ordinary shares, and a share-based payment expense of R32.957 million for the period. The issue of shares has resulted in an increase in the weighted average number of shares in issue (on which EPS measures are calculated) from 85.633 million in the previous comparable period to 89.178 million shares for the period to 31 December 2014.



Excluding the impact of the GPI transaction, HEPS is anticipated to increase by between 14.0% and 19.0% from 85.14 cents in the previous comparable period to between 97.05 and 101.31 cents for the period to 31 December 2014.



Shareholders are further advised that, excluding the impact of the GPI transaction, the impact of the group?s long-term share-linked retention scheme, foreign exchange gains and losses and other one-off and exceptional items in the current and previous comparable periods, profit before income tax for the period to 31 December 2014 is expected to increase between 12.5% and 17.5% relative to the previous comparable period.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors. Spur?s interim consolidated results for the period ended 31 December 2014 are expected to be published on 26 February 2015.
02-Feb-2015
(Official Notice)
In accordance with the terms of the broad-based black economic empowerment transaction concluded with Grand Parade Investments Ltd. (?GPI?) in 2014, Alan Edward Keet, in his capacity as a representative of GPI, has been appointed as a non-executive director of Spur Corporation with effect from 2 February 2015.



Mr Keet is a chartered accountant by profession and has been the group chief executive of GPI since 2012. Prior to this, Mr Keet was chief executive of accounting and auditing practice Nolands, where he served his articles and subsequently became a partner in 1998. During this time he gained experience in varied industries from property funds to insurance underwriters and various service industries.
28-Jan-2015
(Official Notice)
Spur increased total restaurant sales by 14.1% to R3.2 billion in the six months to December 2014 (?the period?), with sales from existing restaurants increasing by 9.0%.



Restaurant sales in South Africa grew by 12.6%, while sales from international restaurants increased by 25.8% in Rand terms. Applying a constant exchange rate, international restaurant sales increased by 19.1%.



Restaurant sales for the six months ended 31 December 2014

*Total restaurant sales (% change) - Existing restaurant sales (% change)



*Spur Steak Ranches: 11.1 - 9.3

*Panarottis Pizza Pasta: 25.4 - 19.0

*John Dory?s Fish Grill Sushi: 10.6 - 8.7

*Captain DoRegos: (18.2) - (22.0)

*Total South African operations: 12.6 - 9.0

*Total international operations: 25.8 - 9.0

*Total group: 14.1 - 9.0



The Hussar Grill steakhouse chain was acquired with effect from 1 January 2014, and sales for the period have been included in the group?s total restaurant sales.



The group opened five Spur, six Panarottis, one John Dory?s, five Captain DoRegos and two The Hussar Grill franchised outlets in South Africa during the period. A further six redundant Captain DoRegos outlets were closed (FY 2014: 15 closures) as the post acquisition consolidation of the brand nears completion. Internationally, three additional franchised Spur Steak Ranches in Namibia and a further franchised outlet in Australia were opened during the period.



At 31 December 2014, the group?s restaurant base comprised 503 outlets, 56 of which operate outside of South Africa.



The financial information in this sales update has not been reviewed or reported on by the group?s independent auditor. Spur Corporation?s interim results for the six months ended 31 December will be released on SENS on 26 February 2015.
05-Dec-2014
(Official Notice)
The board of directors of Spur hereby advises that at the Annual General Meeting of shareholders held today, 5 December 2014, all the resolutions, as set out in the Notice of Annual General Meeting dated 9 October 2014, were duly approved by the requisite majority of shareholders present and voting.



The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission.
30-Oct-2014
(Official Notice)
Spur shareholders are referred to the announcements dated 31 July 2014, 4 September and 3 October 2014, wherein they were advised that Spur had entered into various agreements in terms of which, inter alia, a wholly owned subsidiary of GPI ("BEECo") would subscribe for 10 848 093 ordinary issued shares ("Subscription Shares") of the company, constituting 10% of the post B-BBEE Transaction issued share capital of Spur, as a specific issue of shares for cash for a total subscription price of R294.66 million and that Shareholders had approved the B-BBEE Transaction on 3 October 2014.



Spur advised that all procedural and administrative conditions to the B-BBEE Transaction have now been fulfilled and the B-BBEE Transaction has been implemented in accordance with its terms and with effect from 30 October 2014.
14-Oct-2014
(Official Notice)
No change statement

Shareholders are advised that the company?s annual financial statements will be available on the company's website (www.spurcorporation.co.za) from 12h00 on 14 October 2014. The annual financial statements were audited by Spur?s auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company?s registered office, 14 Edison Way, Century Gate Business Park, Century City, Cape Town. The company?s annual financial statements contain no modifications to the reviewed condensed consolidated results which were released on SENS on 11

September 2014.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Spur shareholders will be held at 11:00 on Friday, 5 December 2014 at 14 Edison Way, Century Gate Business Park, Century City, Cape Town to transact the business as stated in the Notice of Annual General Meeting which was posted to shareholders on 14 October 2014 and available on the company's website from 14 October 2014, together with the company?s Integrated Annual Report.



Record dates

The Notice of Annual General Meeting was posted to shareholders of the company who were recorded as such in the company's securities register on 3 October 2014. The date on which shareholders of the company must be recorded as such in the company's securities register in order to attend and vote at the Annual General Meeting is Friday, 28 November 2014. The last day to trade in order to be entitled to vote at the Annual General Meeting is Friday, 21 November 2014. Proxy Forms must be lodged by no later than 11:00 on Thursday, 4 December 2014.
03-Oct-2014
(Official Notice)
Spur shareholders ("Shareholders") are referred to the circular and notice of general meeting, dated 4 September 2014, relating to, inter alia, the indirect acquisition by Grand Parade Investments Ltd. of a 10% interest in Spur ("the transaction"). Shareholders are advised that at the general meeting held today, 3 October 2014, the following resolutions were duly approved by the requisite majority of shareholders present, as follows:



Ordinary Business

1. Specific authority to allot and issue 10 848 093 new Spur ordinary shares ("Spur shares") to GPI Spur (Pty) Ltd. ("BEECo")

2. Specific authority to transfer 500 000 Spur shares to Spur Foundation Trust in five tranches of 100 000 Spur shares per annum

3. Authority to directors and company secretary to do all things and to sign all documents necessary to give effect to special resolutions number 1 and 2 and ordinary resolutions number 1 and 2



Special Business

1. Approval of financial assistance to BEECo by Spur and Spur Group

2. Approval of potential repurchase of a maximum of 10 848 093 Spur shares from BEECo



The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission.



The transaction remains conditional upon a number of procedural and administrative requirements. Shareholders will be advised when all conditions have been fulfilled and the transaction is implemented.
11-Sep-2014
(C)
Revenue for the year ended 30 June 2014 increased by 9.1% to R732.6 million (2013: R671.6 million). Gross profit jumped by 12.5% to R522 million (2013: R464.2 million), while profit attributable to owners of the company was 2.8% higher at R136.3 million (2013: R132.6 million). Furthermore, headline earnings per share strengthened slightly to 157.89cps (2013: 157.03cps).



Dividend

Shareholders are advised that the board of directors of the company has, on 9 September 2014, resolved to declare a final gross cash dividend for the year ended 30 June 2014 of R62.5 million, which equates to 64cps for each of the 97 632 833 shares in issue.



Prospects

The group plans to open eight restaurants internationally while locally ten Spur, ten Panarottis, seven John Dory's, eight Captain DoRegos and six The Hussar Grill outlets will be opened in the 2015 financial year. The planned international openings include additional franchised restaurants in Namibia, Tanzania, Nigeria, Zambia and Australia.



Economic pressures are likely to continue to dampen consumer demand in the restaurant sector in the short to medium term. Management is confident that the group will continue to deliver on its growth strategy by targeting organic growth within existing brands and markets, and pursuing opportunities to expand vertical integration in relation to core products. Critical to sustained organic growth will be ensuring the group's brands remain relevant to consumers in their respective markets, an uncompromising approach to operating standards and quality, product innovation and value-for-money. A focus for the year ahead will also be ensuring efficient and optimal resource utilisation to contain costs in an uncertain consumer environment.
04-Sep-2014
(Official Notice)
31-Jul-2014
(Official Notice)
28-Jul-2014
(Official Notice)
Spur increased total restaurant sales by 13.5% to R5.5 billion in the year to 30 June 2014, with sales from existing restaurants increasing by 9.8%. Restaurant sales in South Africa grew by 12.7%. Sales in the international operations were 20.2% higher in Rand terms, bolstered by the depreciation of the Rand during the year. Based on a constant exchange rate, international sales increased by 6.6%.



Spur Steak Ranches in South Africa increased sales by 11.3%, with turnover from existing restaurants up 9.8%. Panarottis Pizza Pasta grew restaurant sales by 28.2% in South Africa, with turnover from existing restaurants increasing 15.2%. Sales in John Dory's Fish Grill Sushi restaurants grew by 21.0% and by 12.0% in existing stores. Sales in the recently acquired takeaway chain Captain DoRegos declined 13.8%, partially impacted by the closure of redundant outlets.



The Hussar Grill steakhouse chain was acquired with effect from 1 January 2014, and sales for the six months have been included in the group's total restaurant sales. The group opened 18 Spur, 8 Panarottis, 5 John Dory's and 4 Captain DeRegos outlets. At year end the group's restaurant base totalled 490, with 52 outlets operating outside of South Africa.



Spur's annual results for the year ended 30 June 2014 will be released on SENS on 11 September 2014.
26-Jun-2014
(Official Notice)
Shareholders were referred to the cautionary announcements of 26 March 2014 and 14 May 2014 and are advised that Spur is still involved in negotiations regarding the introduction of a Black Economic Empowerment partner to the Spur group, which if successfully concluded, may impact on the price of the compan?'s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a detailed announcement is made.
14-May-2014
(Official Notice)
Shareholders are referred to the cautionary announcement of 26 March 2014 and are advised that Spur is still involved in negotiations regarding the introduction of a Black Economic Empowerment partner to the Spur group, which if successfully concluded, may impact on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a detailed announcement is made.
07-Apr-2014
(Media Comment)
The Sunday Times Business Times reported Spur as saying that for the group to get its expansion right elsewhere in Africa, the company will depend not only on finding the right locations and managing logistics, but also on crafting the right taste profile to satisfy new customers. Spur also has restaurants in the UK and Australia, and is currently negotiating in the Middle East.
26-Mar-2014
(Official Notice)
Shareholders are advised that the company has entered into negotiations regarding the introduction of a Black Economic Empowerment partner to the Spur group, which if successfully concluded, may have a material effect on the price of Spur's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
27-Feb-2014
(C)
Revenue rose by 10.4% to R376.0 million (R340.6 million). Operating profit decreased by 7% to R101.2 million (R108.8 million). Profit attributable to owners fell 6.3% to R72.8 million (R77.6 million). In addition, headline earnings per share lowered by 5.5% to 85.14 cents per share (90.13 cents per share).



Cash dividend

Shareholders are advised that the board of directors of the company has, on Wednesday, 26 February 2014, resolved to declare an interim gross cash dividend for the six-month period to 31 December 2013 of R55.7 million, which equates to 57 cents per share for each of the 97 632 833 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962 amended) of 15%.



Prospects

The group will open a further seven restaurants internationally while locally six Spur, four Panarottis, two John Dory's and four Captain DoRego's outlets will be opened by the end of the financial year. The planned international openings include additional franchised Spur restaurants in Nigeria, Zambia and Tanzania and two further Spur and two Captain DoRego's outlets in Namibia. Financial pressures on consumers are expected to continue in the months ahead, compounded by the recent increase in interest rates. The group will continue to focus on rewarding its customers with great value and an excellent dining experience to maintain and grow its market share.



The purchase of the Western Cape-based Hussar Grill chain, effective from 1 January 2014, has been welcomed by the Spur Corporation franchisees. Hussar Grill, operating since 1964, provides a strong growth opportunity for the group with the potential for the chain to be expanded nationally.
24-Jan-2014
(Official Notice)
13-Dec-2013
(Official Notice)
Spur Corporation has bought the Western Cape-based Hussar Grill steakhouse chain for R35 million in cash.



The chain, which comprises six restaurants, was started in 1964 when the first Hussar Grill opened in Rondebosch in Cape Town. Further outlets have been opened in recent years in Camps Bay, Green Point, Stellenbosch, Tygervalley and Constantia. Three of the restaurants are company-owned and three are franchised outlets.



The effective date of the transaction is 1 January 2014.
05-Dec-2013
(C)
Shareholders are advised that at the annual general meeting of Spur held at 11h00 on Thursday, 5 December 2013, all the ordinary and special resolutions proposed thereat were approved by the requisite majority of votes.
14-Oct-2013
(Official Notice)
Shareholders are advised that the company's annual financial statements will be available on the company's website (www.spurcorporation.co.za) from 12h00 on 14 October 2013. The annual financial statements were audited by Spur's auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company's registered office, 14 Edison Way, Century Gate Business Park, Century City, Cape Town. The company's annual financial statements contain no modifications to the reviewed condensed consolidated results which were released on SENS on 11 September 2013.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Spur shareholders will be held at 11:00 on Thursday, 5 December 2013 at 14 Edison Way, Century Gate Business Park, Century City, Cape Town to transact the business as stated in the Notice of Annual General Meeting which was posted to shareholders on 14 October 2013 and available on the company's website from 14 October 2013, together with the company's integrated Annual Report.



Record dates

The Notice of Annual General Meeting was posted to shareholders of the company who were recorded as such in the company's securities register on Friday, 4 October 2013.



The date on which shareholders of the company must be recorded as such in the company's securities register in order to attend and vote at the Annual General Meeting is Friday, 29 November 2013. The last day to trade in order to be entitled to vote at the Annual General Meeting is Friday, 22 November 2013. Proxy Forms must be lodged by no later than 11:00 on Wednesday, 4 December 2013.
13-Sep-2013
(Official Notice)
Dineo Molefe has been appointed as an independent non-executive director of Spur with effect from 11 September 2013.
12-Sep-2013
(C)
Revenue for the year ended 30 June 2013 rose by 29.7% to R653 million (2012: R503.4 million). Operating profit increased by 12% to R189.2 million (2012: R168.9 million), while profit attributable to owners of the company was up by 16.2% to R132.3 million (2012: R113.9 million). Furthermore, headline earnings per share (cents) jumped by 22.1% to 156.64cps (2012: 128.32cps).



Dividend

A final cash dividend of 56cps has been declared for the year ended June 2013.



Prospects

Economic uncertainty and sustained pressure on disposable income in the groups target markets are likely to remain for the foreseeable future. Spur, Panarottis, John Dorys and Captain DoRegos will continue to deliver excellent quality meals at a reasonable price, great service and an enjoyable family environment. The successful weekday promotions strategy and ability to capitalise on the momentum created in the breakfast market will be key in attracting and retaining customers and driving sales growth. At least 26 new restaurant openings are planned across the four brands in South Africa in the 2014 financial year. This includes six Spur, five Panarottis, four John Dorys and seven Captain DoRegos outlets to be opened in the first half of the year. International expansion will again focus on building our presence in Africa, with new restaurants planned for Swaziland, Nigeria, Tanzania, Namibia and the Seychelles. Two new Spur franchised restaurants will be opened in Australia in the year ahead.



04-Sep-2013
(Official Notice)
Shareholders were advised that Spur is expecting to report growth of between 19% and 24% in headline earnings per share and diluted headline earnings per share for the financial year ended 30 June 2013 compared to the previous comparable period, being the financial year ended 30 June 2012.



Shareholders were further advised that profit before income tax for the period in question includes a charge of R23.6 million (R4.0 million in the previous comparable period) in respect of the group?s cash-settled share appreciation rights incentive scheme and a credit arising from the related hedging instrument of R34.3 million (R7.5 million in the previous comparable period) as more fully described in notes 21 and 15 on pages 116 and 113 respectively of the company?s integrated annual report for the year ended 30 June 2012. Excluding the impact of the share appreciation rights incentive scheme, foreign exchange gains and losses, the impact of the Captain DoRegos acquisition with effect from 1 March 2012 and one-off items in both the current and previous comparable periods, the company is expecting to report growth in profit before income tax for the financial year ended 30 June 2013 of between 11% and 16% compared to the previous comparable period.



Spur's reviewed consolidated results for the year ended 30 June 2013 are expected to be published on 12 September 2013.
26-Jul-2013
(Official Notice)
Spur continued its resilient performance in the current weak consumer spending environment and increased restaurant sales across its brand portfolio by 16.4% in the twelve months to 30 June 2013 ("the period"). Restaurant turnover exceeded R4.8 billion for the period and sales from existing outlets were 13.1% higher.



Restaurant sales in South Africa increased by 15.4% for the period, while sales in the international operations were 24.7% higher in Rand terms. The performance of the international business has benefited from the depreciation of the Rand in the second half of the reporting period. Total sales in local currency increased by 14.0% and by 7.7% in existing outlets. Spur Steak Ranches in South Africa increased sales by 15.2%, with turnover from existing restaurants up 13.0%. The drivers of growth continue to be the Spur Family Card loyalty programme, breakfast and weekday promotions and the brand's good value family offering.



Panarottis Pizza Pasta performed strongly and grew restaurant sales by 31.4% in South Africa. The brand has benefited from the introduction of a new menu, upgraded kids play facilities, ongoing weekday promotions and new store openings. Turnover from existing outlets increased by 22.4%. Sales in John Dory's Fish Grill Sushi restaurants grew by 11.4% and by 9.3% in existing stores as customers responded favourably to the enhanced menu offering and family dining experience in stores.



Captain DoRegos, the value-oriented franchise takeaway chain, continues to be integrated into the group's operations. The brand was acquired by the group with effect from 1 March 2012 and therefore does not report a comparative sales performance. Spur expanded its restaurant base to 479 following the opening of a net 23 outlets during the period. At year end the group operated 429 restaurants in South Africa and 50 across the international operations.



Spur's annual results for the year ended 30 June 2013 will be released on SENS on 12 September 2013.
19-Jul-2013
(Media Comment)
Business Day reported that Spur is embarking on its first national TV campaign for John Dory's ("John Dory") Fish, Grill and Sushi. Spur will add another 6 John Dory outlets to its existing 29 before March 2014.
07-Mar-2013
(C)
Revenue for the interim period ended 31 December 2012 surged by 40.4% to R331.6 million (2011: R236.2 million). Profit for the period jumped by 32.3% to R77.5 million (2011: R58.6 million), while profit attributable to owners of the company rose by 33.1% to R77.4 million (2011: R58.2 million). Furthermore, headline earnings per share was 34.8% higher at 89.91cps (2011: 66.71cps).



Dividend

An interim cash dividend of 55cps has been declared, an increase of 37.5% on the previous period.



Prospects

The group is actively pursuing new marketing promotions across its brand portfolio to maintain the current sales momentum and to grow market share. The Spur Family Card will be used to drive loyalty by increasing average spend per customer and the frequency of visits and to attract additional foot traffic. The group plans to open eleven new Spur restaurants as well as one Panarottis and two DoRego's outlets in South Africa in the next six months. Expansion in the international operations will include second Spur restaurants in Tanzania, Nigeria and Swaziland, as well as a DoRego's outlet in Namibia.
19-Feb-2013
(Official Notice)
Shareholders were advised that Spur is expecting to report growth of between 32% and 37% in earnings per share and headline earnings per share for the six months ended 31 December 2012 ("the period") compared to the previous comparable period, being the six months ended 31 December 2011.



The company is expecting to report a growth in profit before income tax of between 22% and 27% for the period and a growth in profit and headline earnings of between 30% and 35%. The tax rate for the period has reduced relative to the previous comparable period due to the abolishment of Secondary Tax on Companies.



Shareholders were further advised that profit before income tax for the period includes a charge of R8.590 million (2011: R1.211 million) in respect of the group's cash-settled share appreciation rights incentive scheme and a credit arising from the related hedging instrument of R15.027 million (2011: R2.277 million). The net impact on profit before income tax is therefore a credit of R6.437 million (2011: credit of R1.066 million).



Excluding this impact, the contribution of the DoRego's businesses acquired on 1 March 2012, as well as foreign exchange gains and losses and other one-off items in both the current and previous comparable periods, the company is expecting to report comparable growth in profit before income tax for the period of between 14% and 19%.



Spur's unaudited consolidated interim results for the period are expected to be published on 7 March 2013.
22-Jan-2013
(Official Notice)
Spur increased restaurant sales across its brand portfolio by 17.5% in the six months to end December 2012, with restaurant turnover exceeding R2.4 billion for the period. Sales from existing outlets were 12.8% higher. Restaurant sales in South Africa increased by 16.5% for the six month period, while sales in the international operations were 26.4% higher in Rand terms.



Sales in Spur Steak Ranches locally increased by 16.5%, with turnover from existing restaurants up 13.7%. The strong growth was driven mainly by the continued success of the Spur Family Card loyalty programme, aggressive marketing and the momentum built in the breakfast market.



Panarottis Pizza Pasta lifted local restaurant sales by 30.6% as the brand benefited from a renewed focus on its core products of pizza and pasta. An improved family offering, the refurbishment of several outlets and the upgrading of kids' play facilities have all contributed to the excellent sales growth. Turnover from existing outlets increased by 19.7%. Sales in John Dory's Fish Grill Sushi restaurants locally grew by 11.9% and by 9.7% in existing stores.



DoRego's, the value-oriented franchise takeaway chain, was only acquired by the group with effect from 1 March 2012 and therefore does not report a comparative sales performance. DoRego's offers chicken, seafood and burgers to the fast-growing lower to middle income market and has a strong presence in the Free State, Gauteng and Eastern Cape.



Spur Corporation also reported robust festive season trading, with restaurant turnover growing by 16.2% for the month of December. In South Africa, Spur Steak Ranches, which accounts for approximately 80% of the total South African sales, increased turnover by 14.6%. Panarottis Pizza Pasta grew sales by 33.2% and John Dory's by 11.3%. International restaurant sales increased by 25.3%.



Spur's interim results for the six months to 31 December 2012 will be released on SENS on 7 March 2013.
06-Dec-2012
(Official Notice)
Shareholders were advised that at the annual general meeting of Spur held at 11h00 on Thursday, 6 December 2012, all the ordinary and special resolutions proposed thereat were approved by the requisite majority of votes.
29-Nov-2012
(Official Notice)
Shareholders were advised that Spur's board of directors resolved that, with effect from 26 November 2012, Dean Hyde, currently a non-executive director on the board, is an independent non-executive director in terms of the provisions of King III.
15-Nov-2012
(Official Notice)
Shareholders are referred to the voluntary announcement made by the group on SENS on 2 December 2011 relating to an investigation by the Financial Services Board (FSB) following a complaint by a former employee of the group. Spur Corporation has been advised that the Directorate of Market Abuse of the FSB at a meeting on 13 November 2012 made a decision to close the investigation. No legal action will therefore be taken in this matter. The FSB has advised that if further evidence arises the investigation may be re-opened. The board and management of Spur Corporation has cooperated fully with the FSB during this investigation, and welcomes the resolution of the matter.
07-Nov-2012
(Official Notice)
Shareholders were advised that the annual financial statements for the year ended 30 June 2012 will be posted to shareholders on 7 November 2012, and contain no modifications to the reviewed preliminary consolidated results published on SENS on 6 September 2012. The annual financial statements will also be available online on the Spur website (www.spurcorporation.co.za) from 12h00 on 7 November 2012. The annual financial statements were audited by Spur's auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company's registered office, 14 Edison Way, Century Gate Business Park, Century City, Cape Town.



Notice is hereby given that the annual general meeting of shareholders will take place at 11h00 on Thursday, 6 December 2012 at the head office of the company, 14 Edison Way, Century Gate Business Park, Century City, Cape Town, to transact business as stated in the notice of the annual general meeting forming part of the annual financial statements.
06-Sep-2012
(C)
Revenue for the year ended 30 June 2012 rose by 24.8% to R503.4 million (2011: R403.4 million). Operating profit shot up by 50.9% to R168.9 million (2011: R112 million), while profit attributable to owners of the company soared by 60.9% to R113.9 million (2011: R70.8 million). Furthermore, headline earnings per share (cents) jumped by 31.3% to 128.32cps (2012: 97.7cps).



Dividend

A final cash dividend of 47cps has been declared, bringing the total dividend for the year to 87cps, an increase of 31.8% on the previous year.



Prospects

The retail trading environment is expected to remain challenging in the year ahead. The group is confident that by focusing on its core strengths of quality, good value and innovative marketing across all brands, it will remain competitive in the "eat-out" market. The integration of the DoRego's brand will give the group exposure to a broader segment of the market. Management plans to capitalise on the regional brand awareness of DoRego's and expand the current footprint.



The group plans to open eleven new Spur Steak Ranches as well as seven Panarottis Pizza Pasta, eight John Dory's Fish Grill Sushi and ten DoRego's outlets in South Africa in the 2013 financial year. A platform for sustainable growth has been built in Africa and expansion includes the opening of second outlets in Nigeria, Kenya, Tanzania, Swaziland and Zambia. Two further outlets are planned for Namibia, two in Mauritius and one in the Seychelles.
24-Aug-2012
(Official Notice)
Comparable profit before income tax, excluding exceptional and one-off items and the contribution of DoRego's from March 2012, is expected to grow by between 18% and 23%. These exceptional and one-off items relate mainly to the restaurant impairments and start-up costs in new international company-owned restaurants in the prior year, bargain purchase gain on the acquisition of DoRego's in the current year and the movement in foreign exchange gains/losses and share-based payment and related hedge fair value adjustments relative to the prior year. Spur's reviewed condensed consolidated results for the year ended 30 June 2012 are expected to be published on 6 September 2012.
26-Apr-2012
(Official Notice)
Shareholders are referred to the circular dated 22 March 2012 relating, inter alia, to an authority to remunerate the non-executive directors of Spur, the restructuring of the company's audit committee and the appointment of the social and ethics committee of Spur and are advised that all the special and ordinary resolutions proposed therein were approved by shareholders at the general meeting.
07-Mar-2012
(Official Notice)
Shareholders are referred to the SENS announcement dated 26 January 2012 wherein they were informed that a wholly-owned subsidiary of Spur had acquired the remaining 35% interest in John Dory's Franchise (Pty) Ltd ("John Dory's") from the Kapsimalis Family Trust ("Kapsimalis Trust") with effect from 25 January 2012 for the sum of R12.25 million ("the acquisition"). The acquisition, which is smaller than a category 2 transaction, constitutes a small related party transaction in terms of the JSE listing requirements, as Mr Kapsimalis, a trustee of the Kapsimalis Trust, was a director of John Dory's. Spur have appointed Mazars Corporate Finance (Pty) Ltd. ("Mazars") as an independent professional expert acceptable to the JSE. Mazars have declared that the terms of the acquisition are fair as far as Spur shareholders are concerned and their fairness opinion will lie for inspection at the registered offices of Spur, at 1 Waterford Mews, Century Boulevard, Century City, Cape Town from 7 March until 18 April 2012.
02-Mar-2012
(Official Notice)
At a meeting of the board of directors of Spur ("Board") on 29 February 2012, the following was duly approved in respect of Spur and its subsidiaries ("Spur Group"):

1. Pierre van Tonder was appointed as the CEO of the Spur Group. Previously he was the Spur Group Managing Director.

2. Mark Farrelly was appointed as the COO of the Spur Group. Previously he was the Spur Group deputy managing director.

3. Ronel van Dijk's title as Group Financial Director was re-designated to CFO of the Spur Group.

4. Kevin Robertson was appointed to the board of Spur Group (Pty) Ltd (the principal operating subsidiary of Spur) as franchise executive. Pursuant to this appointment, the board accepted his resignation as a director of Spur.

5. Phillip Joffe's retirement as a director of Spur following his request to devote more time to his personal affairs whilst continuing to be actively involved in a managerial capacity in the financial activities of the Spur Group.



It is confirmed, subject to the above, that there are no further changes in the composition of the board of Spur, including that Allen Ambor remains as executive chairman and Mntungwa Morojele remains as lead independent director. It follows that the board of Spur now comprises 9 directors, of whom 4 are executives and 5 non-executives. This results in further compliance with King III in that the board now comprises a majority of non-executive directors.
01-Mar-2012
(C)
Spur Corporation showed strong revenue growth of 16.2% to R236.2 million (R203.3 million). Operating profit before finance income increased to R85.1 million (R70.7 million). Net attributable profit rose to R58.2 million (R48.7 million). In addition, headline earnings on a per share basis grew to 66.71cps (55.47cps).



Dividend

The board of directors of the company has declared an interim cash dividend for the six month period to 31 December 2011 of R39.1 million, which equates to 40cps.



Prospects

Shortly before the end of the reporting period the group announced the acquisition of the DoRego's fast food restaurant franchise and distribution centre, with effect from 1 March 2012. DoRego's is a value take-away chain offering chicken, seafood and burgers through 75 franchised outlets. DoRego's will give the group exposure to the fast growing lower to middle income segment of the quick service restaurant market. Management expects a seamless integration of DoRego's and plans to capitalise on the regional brand awareness to expand the current footprint nationally. Following the acquisition of the remaining 35% shareholding in John Dory's in January 2012, the brand is now wholly-owned and well poised for growth under the new management team. Six Spur, three Panarottis and five John Dory's restaurants are planned to be opened during the second half, with 38 restaurants due to be refurbished across the three brands. International expansion will focus on Africa, with franchised Spur restaurants planned for Nigeria (Lagos), Zambia (Lusaka), Kenya (Nairobi) and Botswana (Gaborone), while the first franchised Panarottis outlet will be opened in Gaborone.
15-Feb-2012
(Official Notice)
Shareholders are advised that Spur is expecting to report growth of between 18% and 22% in earnings per share and headline earnings per share for the six months ended 31 December 2011 compared to the previous comparable period, being the six months ended 31 December 2010. Spur's unaudited consolidated interim results for the six months ended 31 December 2011 are expected to be published on 1 March 2012.
05-Dec-2011
(Official Notice)
Spur announced that it has concluded agreements in terms of which it will acquire the fast food restaurant chain, DoRego's, for R30 million (plus the value of inventory on the effective date) in cash ("the acquisition"). In terms of the acquisition, Spur will acquire the DoRego's franchise company and the distribution centre operations (including inventory) located in Bloemfontein.



DoRego's is a value oriented take-away chain offering a combination of chicken, seafood and burgers to consumers. The chain has 75 outlets, with a strong presence in the Free State, Gauteng and Eastern Cape. Stores are mainly located in regional shopping centres and areas close to busy commuter transport hubs.



The first DoRego's store was opened in the 1970s and the present owners, Gerald and Cedric Brown, bought the franchise company in 2005. In six years the business has grown from 29 to 75 outlets, serving over 5.2 million customers annually. The effective date of the acquisition is expected to be 1 March 2012. The acquisition is smaller than a category 2 transaction for Spur in terms of the Listings Requirements of the JSE Ltd.
02-Dec-2011
(Official Notice)
The board of directors of the Spur Corporation makes this announcement as a result of the reports in the media concerning the Spur Group, certain of its directors and Mr Kapsimalis, the managing director of John Dory, a subsidiary of the Spur Group. There are civil litigation and arbitration proceedings currently underway which will canvass and determine the issues forming the subject of Mr Kapsimalis` complaints to the Financial Services Board which he has chosen to ventilate in the media. It is unfortunate that Mr Kapsimalis has chosen to use the forum of the media to further his interests. The Spur Corporation will not litigate with Mr Kapsimalis in the media and will deal with his allegations in the appropriate fora. The Spur Corporation and its directors will cooperate fully with any investigation which the Financial Services Board or any other regulatory authority intends to launch into the affairs of the Spur Corporation, its subsidiaries and the conduct of any of its directors.
22-Nov-2011
(Official Notice)
Shareholders are referred to the cautionary announcements, the last of which was dated 11 October 2011, and are advised that the negotiations referred to therein have been terminated. Accordingly, shareholders need no longer exercise caution when dealing in the company's securities.
28-Oct-2011
(Official Notice)
Shareholders were advised that the annual financial statements for the year ended 30 June 2011 will be posted to shareholders on 31 October 2011, and contain no modifications to the reviewed preliminary consolidated results published on SENS on 8 September 2011. The annual financial statements will also be available online on the Spur website (www.spur.co.za) from 9am on 31 October 2011. The annual financial statements were audited by Spur's auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company's registered office, 1 Waterford Mews, Century Boulevard, Century City, Cape Town. Notice was also given that the annual general meeting of shareholders will take place at 11h00 on Friday, 2 December 2011 at the head office of the company, 14 Edison Way, Century Gate Business Park, Century City, Cape Town, to transact business as stated in the notice of the annual general meeting forming part of the annual financial statements.
11-Oct-2011
(Official Notice)
Shareholders are referred to the cautionary announcement dated 30 August 2011 and are advised that Spur Corporation are still involved in negotiations regarding a possible acquisition, which if successfully concluded, may impact on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a detailed announcement is made.
08-Sep-2011
(C)
Revenue increased by 15.9% to R403.4 million (R348 million). Operating profit before finance income dropped 5.6% to R112 million (R118.5 million). Net attributable profit declined by 8.7% to R70.8 million (R77.6 million). However, headline earnings per share was up by a marginal 0.90% to 97.7c (96.82cps).



Dividend

A final ordinary dividend of 33cps has been declared.



Outlook

The group plans to increase its investment in value-added marketing campaigns with suppliers and build on the momentum created in the breakfast market. Brand loyalty will be entrenched through the aggressive marketing of the Spur Family Card.



Consumers are under renewed pressure owing to rising electricity, fuel and food costs. Franchisees face inflationary pressures from higher wages, property rates and utility costs and management will focus on stringent compliance with operating standards and continuous repositioning of the menu to manage the profitability of franchisees.



Addressing the performance of the group-owned restaurants in the UK is a priority for management.



In the year ahead 11 Spur, two Panarottis and two John Dory's restaurants are planned for South Africa, while the ongoing refurbishment and relocation programme should also generate increased revenue. International expansion will be focused primarily on Africa where new restaurants are expected to be opened in Malawi, Tanzania, Namibia, Nigeria and Mauritius.



The group will not be investing in further company-owned restaurants in the year ahead.
30-Aug-2011
(Official Notice)
Shareholders are advised that Spur Corporation has entered into negotiations regarding a possible acquisition, which if successfully concluded, may impact on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a detailed announcement is made.
05-Aug-2011
(Official Notice)
Spur Corporation announced in the press on 6 June 2011 that it planned to acquire a 60% stake in the Cappuccino's restaurant chain. The transaction was subject to the completion of a due diligence review. Following the conclusion of this due diligence process the management of Spur Corporation and Cappuccino's have agreed, by mutual consent, not to proceed with the transaction.
07-Jun-2011
(Media Comment)
Business Day reported that Spur MD Pierre van Tonder commented that the company is looking for more opportunities even after acquiring a 60% stake in restaurant chain Cappuccino's for R25 million. "We are always seeking new growth opportunities," he said. The format of the mostly Gauteng-based Cappuccino?s restaurants would not be changed, he said. But the company would seek to aggressively open outlets across SA.
03-Mar-2011
(C)
Spur Corporation showed strong revenue growth of 13.3% to R203.3 million (R179.5 million). Operating profit before finance income increased to R70.7 million (R65.9 million). Net attributable profit rose to R48.7 million (R45.4 million). In addition, headline earnings on a per share basis grew to 55.47cps (51.65cps).



Dividend

An interim ordinary dividend of 33cps has been declared.



Outlook

Although consumer optimism has improved as a result of the low interest rate environment and historically lower levels of inflation, heavy debt burdens, increasing fuel, utility and food prices and anticipated higher inflation remain a challenge. In this environment, sales growth will be driven by continued value-added and innovative promotions. These include a breakfast offering in Spur, week-day value specials in Panarottis and family weekend specials in John Dory's.



A Spur restaurant will be opened in Lilongwe (Malawi) and other African sites are being evaluated. No new restaurants are planned for the United Kingdom or Australia in the remainder of the financial year. Locally, the group will continue its restaurant expansion and refurbishment programme.
02-Mar-2011
(Official Notice)
Spur announced that Mr Mntungwa Morojele, a non-executive director of Spur, has been appointed as lead independent director with effect from 1 March 2011.
28 Oct 2010 12:01:51
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 30 June 2010 will be posted to shareholders on 29 October 2010, and contain no modifications to the reviewed preliminary consolidated results published on SENS on 16 September 2010. The annual financial statements will also be available online on the Spur website (www.spur.co.za) from 9am on 29 October 2010. The annual financial statements were audited by Spur's auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company's registered office, 1 Waterford Mews, Century Boulevard, Century City, Cape Town.



Notice was given that the annual general meeting of shareholders will take place at 11h00 on Friday, 10 December 2010 at the head office of the company, 2 Edison Way, Century Gate Business Park, Century City, Cape Town, to transact business as stated in the notice of the annual general meeting forming part of the annual financial statements.
28 Sep 2010 15:34:36
(Media Comment)
According to Finweek, there is increasing market talk that Spur should review its conservative strategy and become more like competitor Famous Brands Ltd ("Fambrands"). Fambrands has not only been growing its in house offering, but has also been acquiring new businesses, while Spur has remained largely a single brand and has pursued its offshore strategy in places like Australia and the Middle East more conservatively. Investors are starting to say that Spur should become more like Fambrands. However, MD Pierre van Tonder commented that Spur and Fambrands are not comparable and "not exactly in the same business". Nevertheless, by acquiring Mugg - Bean, Fambrands moved into the casual dining segment that Spur operates in.
16 Sep 2010 12:37:54
(C)
Revenue grew by 6.5% to R348 million (2009: R326.7 million), operating profit improved by 21.4% to R118.5 million (2009: R97.7 million), while profit attributable to ordinary shareholders increased to R77.6 million (2009: R63.3 million). Furthermore, headline earnings per share rose by 14.3% to 96.82cps (2009: 84.69cps).



Dividends

A final dividend of 28 cents per ordinary share has been declared bringing the total dividend for the year to 60 cents per ordinary share, an increase of 9.1% on the previous year.



Prospects

Although the economic environment is expected to continue to recover at a slow pace, management does not anticipate a significant improvement in consumer spending in the year ahead. The group will ensure that its brands continue to offer an attractive and affordable proposition to its customers, and that franchisee profitability is managed carefully. The group is confident that it will remain competitive through tailoring its menus, to keep them topical and competitive. The group will strive to maintain its marketing advantage through its creative and focused regional initiatives and it will continue to reinforce its high standards through constant training and its experienced operational teams. The group expects to open 14 new Spur Steak Ranches, four Panarottis and three John Dory's restaurants in the new financial year. Internationally restaurants are scheduled to open in Gateshead (United Kingdom), Lusaka (Zambia) and Lilongwe (Malawi).
03 Sep 2010 12:49:52
(Official Notice)
Shareholders were advised that Spur Corporation's earnings and earnings per share for the year ended 30 June 2010 ("the year") are expected to be between 20% and 25% higher than those for the year ended 30 June 2009 ("the prior year"). Headline earnings and headline earnings per share for the year are expected to be between 12% and 17% higher than those for the prior year. Earnings for the year benefited from a foreign exchange credit of R1.6 million compared to a foreign exchange loss of R1.3 million in the prior year. In addition, prior year earnings were negatively impacted by impairment losses of R10.0 million relating to Australian subsidiaries' property, plant and equipment and goodwill and non-trading losses in an Australian associated entity of R1.5 million. The full extent of these losses did not recur in the current year. Excluding these and other once-off or abnormal items, earnings and earnings per share for the year are expected to be between 11% and 16% higher than those for the prior year. The year end results will be announced on SENS on 16 September 2010.
01 Jun 2010 12:02:13
(Official Notice)
Mntungwa Morojele has been appointed as an independent non-executive director of Spur with effect from 1 June 2010.
25 Feb 2010 12:57:03
(C)
Revenue increased from R169.3 million to R179.4 million in 2009.Operating profit increased to R65.8 million (2008:R55.1 million).Profit attributable to ordinary shareholders increased to R45.3 million (R39.1 million). Headline earnings on a per share basis increased to 51.65cps (44.49cps).



Dividends per share

An interim dividend of 32 cps was declared for the period under review.



Prospects

The past few months have seen improving consumer sentiment owing to lower interest rates, stabilising inflation and higher real wage increases. Many economists do not expect a meaningful upturn in consumer spending for the balance of the year in anticipation of consumers exercising prudence due to economic pressures, such as rising energy costs. In this environment, value and affordability remain the group's primary focus. The group is determined to remain competitive through adhering to brand fundamentals and the group strategic focus of delivering great food, service and a fun environment. Management is committed to working with franchisees to enhance operational, procurement and distribution efficiencies to mitigate cost pressures and sustain profitability.



The FIFA 2010 World cup heralds an exciting time for the country and support from the group's loyal customers, combined with the extended mid-year school holiday, should impact favourably on trading during this period. Spur Corporation will continue to pursue its strategy of restaurant expansion locally and abroad, and plans to open several restaurants in South Africa in the remainder of the financial year. The group opened its first franchised Spur Steak Ranch in Dubai in January 2010. Further opportunities are being investigated in the international territories in which we trade.
16 Feb 2010 10:44:47
(Media Comment)
According to Business Report, Spur will grow its footprint into more rural towns over the next three years. The group will do this by opening smaller format restaurant in areas where potential growth is foreseen.
26 Oct 2009 12:00:34
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 30 June 2009 will be posted to shareholders on 27 October 2009, and contain no modifications to the reviewed preliminary consolidated results published on SENS on 10 September 2009. The annual financial statements will also be available online on the Spur website (www.spur.co.za) from 28 October 2009. Their unqualified audit report is available for inspection at the company?s registered office, 1 Waterford Mews, Century Boulevard, Century City, Cape Town.



Notice is hereby given that the annual general meeting of shareholders will take place at 11h00 on Friday, 11 December 2009 at the head office of the company, 2 Edison Way, Century Gate Business Park, Century City, Cape Town, to transact business as stated in the notice of the annual general meeting forming part of the annual financial statements.
10 Sep 2009 12:09:10
(C)
Revenue increased by 10.5% to R326.8 million (R295.8 million). Operating profit rose by 14.2% to R97.7 million (R85.5 million). Net attributable profit was up by 6.7% to R63.3 million (R59.3 million). In addition, headline earnings per share grew by 84.69cps (76.45cps).



Dividend

A final ordinary dividend of 28cps has been declared.



Outlook

The group plans to open at least 18 new restaurants in the year ahead. This includes 15 franchised restaurants in South Africa, a new Spur retail outlets in Aberdeen (Scotland), and two franchised outlets in Perth (Australia) and Dubai (United Arab Emirates). Opportunities for new restaurants are being evaluated in several locations in Africa and the United Kingdom to further expand the group's footprint. Substantial increases in electricity costs and higher wage demands will place pressure on franchisee profitability. Strategies aimed at enhancing franchisee success and entrenching our brands' positions in the market include the ongoing improvement in procurement and distribution efficiencies, customer focused menu engineering, enhancing operational standards and training, and persuasive marketing. The recessionary trading conditions are expected to remain a challenge in the year ahead. However, management believes the group is well placed to continue to withstand the impact of the current economic climate.
26 Feb 2009 17:19:32
(Official Notice)
Shareholders are advised that Mr John Rabb resigned as non-executive director of Spur with effect from 25 February 2009 due to his recent relocation to the United Kingdom.
26 Feb 2009 17:12:39
(C)
Revenue increased to R169.4 million (R144.9 million). Operating profit rose to R55.1 million (R49.6 million) and net profit attributable to ordinary shareholders increased to R39.1 million (R36.3 million). Headline earnings grew to 44.49cps (41.18cps).



Dividend

An interim dividend of 27cps has been declared.



Prospects

The economic environment is expected to remain challenging in 2009. Although declining interest rates, the tax relief granted in the recent budget, lower fuel prices and an easing of food price inflation are positive factors for consumer spending, it is anticipated that disposable income levels will remain under pressure. The group is determined to continue to enhance its value proposition to facilitate increased foot traffic in all its brands.
18 Nov 2008 16:52:15
(Media Comment)
Spur has been very conservative in expanding its overseas operations over the past five years. Nevertheless, these operations now account for 30% of turnover compared to less than 5% almost two years ago, according Finweek. The operations are mainly in Britain and Australia. In addition, there is surely enough scope for a separate listing, possibly on London's AIM, in the long term. A foreign listing could help bring on board strategic equity partners to help with funding for overseas expansion.
29 Oct 2008 12:09:58
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 30 June 2008 will be posted to shareholders on 30 October 2008, and contain no modifications to the reviewed preliminary consolidated results published on SENS on 11 September 2008. The annual financial statements will also be available online on the Spur website from 31 October 2008. The annual financial statements were audited by Spur's auditors, KPMG Inc. Their unqualified audit report is available for inspection at the company's registered office, 1 Waterford Mews, Century Boulevard, Century City, Cape Town.



Notice is hereby given that the annual general meeting of shareholders will take place at 11:00 on Friday, 5 December 2008 at the head office of the company, 2 Edison Way, Century Gate Business Park, Century City, Cape Town, to transact business as stated in the notice of the annual general meeting forming part of the annual financial statements.
17 Oct 2008 12:12:08
(Official Notice)
Muzi Kuzwayo has been appointed as an independent non-executive director of Spur with effect from 15 October 2008.
11 Sep 2008 12:31:10
(C)
Spur Corporation has continued to show solid restaurant turnover growth despite the current economic climate in which high interest rates and inflationary cost pressures have impacted disposable income levels in the group's target market. The Spur brand in particular showed its resilience, with restaurant turnover for the financial year increasing by 8.6%. Group revenue increased by 37.3% to R295.8 million. Franchise fee income in Spur Steak Ranches (local and international) rose by 10.3% to R111.4 million. This prior year tax credit impacted headline earnings, which decreased by 16.5% to R67.4 million (R80.7 million). Excluding the tax impact, headline earnings increased by 5.1%.



The board of directors has approved a capital reduction of R11.3 million which amount equates to 11.6c per ordinary share and a cash dividend of R15.0 million, which equates to 15.4c per ordinary share



Prospects

The group plans to open 16 restaurants in South Africa in the next financial year. The group is also investigating further opportunities to open outlets in Africa, in Ghana, Kenya, Nigeria, Tanzania and Zambia, while continuing to explore potential in the Middle East. Further locations are being pursued in the United Kingdom and Ireland. Spur is launching an exciting new Secret Tribe children's loyalty programme to further enhance the Spur-experience for the whole family. The brand images of both John Dory's and Panarottis have undergone further design updates which management believes provide additional growth opportunities to both brands in the new financial year. Slower consumer spending and high food prices will continue to be a challenge in the year ahead. Strategies are in place to continuously enhance the customer value proposition and to assist franchisees by sourcing quality products at competitive prices through the group's procurement division. The directors and management anticipate that the group will continue to deliver increased revenue and profitability in the year ahead.
26 Aug 2008 17:02:35
(Official Notice)
Shareholders are advised that Spur Corporation's earnings and earnings per share for the year ended 30 June 2008 are expected to be between 22% and 30% lower than those for the year ended 30 June 2007. Headline earnings and headline earnings per share for the year are expected to be between 11% and 19% lower than those for the prior year. Earnings for the prior year benefited from a tax credit of R16.6 million which arose from the recognition of tax assets relating to prior years' tax losses in the group's international operations. Excluding this once-off adjustment, earnings and earnings per share for the year are expected to be between 2% and 12% lower than those for the prior year and headline earnings and headline earnings per share are expected to be between 2% and 12% higher than those for the prior year. The company's consolidated earnings were negatively impacted in the current year by an impairment of assets and operational losses incurred in an unsuccessful outlet in Australia. The impact accounts for a decline of approximately 11% of prior year earnings (or 14% of the prior year earnings excluding the once-off foreign tax credit referred to above). The negative impact on headline earnings was approximately 1% of prior year headline earnings (or approximately 2% of prior year headline earnings excluding the once-off foreign tax credit). The company's results for the year ended 30 June 2008, on which this trading statement is based, have not been reviewed and/or reported on by the company's auditors. The year end results will be announced on SENS on 11 September 2008.
01 Apr 2008 07:49:09
(Media Comment)
Spur has signed an agreement giving it all future franchise rights for the UK and Ireland, Business Day reported. This will end a legal dispute with the group that owned the master franchise rights in those two countries. This will help the company speed up its UK expansion.
28 Feb 2008 12:28:59
(C)
The period under review was characterised by a slow-down in consumer spending due to multiple interest rate increases, higher fuel prices, high food inflation and the introduction of new credit legislation in June 2007. This impacted on revenue growth in our South African operations with restaurant turnover increasing by 7%. Turnover of existing restaurants, which excludes new outlets opened during the reporting period, grew by 6%. Overall group revenue grew by 31.5% to R144.9 million, mainly as a result of the opening of international company-owned outlets, particularly the two Spur restaurants in London, which commenced trading in June 2007. The group's international operations contributed 27% of revenue (8%). Operating profit, being below revenue growth, increasing 6.9% to R49.6 million (R46.4 million). Headline earnings increased by 5.4% to R36.3 million (R34.4 million) with the distribution per share up 7.7% to 28.0c (26.0c).



Capital reduction

The board of directors of the company has approved a capital reduction of R24.7 million payable to the company's shareholders, in lieu of dividends, to be written off against the share premium account, which amount equates to a distribution of 28.0cps.



Outlook

The group's experienced management team views the current tough trading environment as a challenge and an opportunity and is confident that appropriate measures are in place to ensure continued growth.
28 Jul 2006 10:40:01
(Media Comment)
Pierre van Tonder, Spur's managing director, told Business Report on 28 July 06 that the group expected to announce a BEE deal within the next six months.
02 Mar 2006 12:41:42
(C)
The group increased its share of the highly competitive family sit-down restaurant market, while the total store base passed the 300 mark. International operations, which account for just over 10% of the stores, continue to offer exciting growth prospects. The R8.7 million decline in revenue to R96.9 million (R105.6 million) incorporates a decrease in wholesale and distribution sales that resulted from the outsourcing of the national distribution of restaurant supplies from the central kitchens to an independent distributor. Headline earnings of R29.1 million were 12.0% higher than the previous reporting period. Headline earnings per share increased by 18.3% to 32.96c (27.86c). The group's expansion has continued, with an additional 22 stores opened since the beginning of the financial year, bringing the store base to 309. These comprise seven Spur Steak Ranches, five Panarottis Pizza Pasta and ten John Dory's Fish - Grill outlets. Earnings attributable to shareholders rose to R29 million (R26 million).



Prospects

The new store openings and projected openings for the remainder of the financial year highlight the opportunities for the group to increase its national store footprint across the three franchise brands and grow market share. Assuming a stable interest rate environment and favourable trading conditions, the board and management are confident of a strong second half performance which will translate into continued solid earnings growth for shareholders.



Capital distribution

In accordance with a general authority given to the directors at the annual general meeting held on 2 December 2005, shareholders are advised that the board of directors of the company has declared a capital distribution of R19.4 million payable to the company's shareholders, in lieu of dividends, to be written off against the share premium account, which amount equates to 22cps.
04 Nov 2005 12:25:03
(Official Notice)
No change statement

The annual financial statements for the year ended 30 June 2005 will be posted to shareholders on 4 November 2005, and contain no modifications to the reviewed preliminary results published on SENS on 15 September 2005.



Annual general meeting

The annual general meeting of shareholders will take place on Friday, 2 December 2005.

15 Sep 2005 12:18:58
(C)
Turnover for the year advanced by 11% to R200.6m (R181m). This includes the impact of the decreased wholesale and distribution sales that resulted from the decision taken during the year to outsource the national distribution of the central kitchen products. The outsourcing of this function will ensure consistency and quality of delivery to our outlets nationally. It is significant to note that core franchise royalty income advanced by 19%. As the group benchmarks performance on the growth in turnover of existing stores, it is encouraging that same store turnover was 13% ahead of last year, which is substantially higher than menu inflation of 4.5%. Operating profit, boosted by unrealised foreign exchange gains of R2.5m, increased by 37% to R68.5m. Headline earnings of R51.1m (R37.2m) increased by 37%, while headline earnings per share of 56.3c were 42% ahead of 2004 (39.7c), in line with the trading statement issued on 24 August 2005. The group has grown its store base to 287 across its three brands locally and internationally.



Prospects

Indications are that the consumer price index and interest rates are likely to remain steady for the year ahead. These factors are expected to provide a favourable trading environment for the year ahead and the board and management are confident of continued solid growth.



Capital distribution

The board of directors of the company has declared a capital distribution of R17.6m payable to the company`s shareholders in lieu of dividends, to be written off against the share premium account, which equates to 20c per ordinary share. The distribution will be paid on Monday, 10 October 2005, to those shareholders of the company who are recorded in the company`s register on Friday, 7 October 2005. The last day to trade (cum the distribution) in the company`s shares for purposes of entitlement to the distribution, will be Friday, 30 September 2005.

24 Aug 2005 13:21:44
(Official Notice)
Shareholders are advised that Spur Corporation`s earnings and earnings per share, and headline earnings and headline earnings per share for the year ended 30 June 2005 are expected to be between 35% and 50% higher than those for the comparable prior period, being the year ended 30 June 2004. The increase is mainly due to buoyant trading conditions and includes certain unrealised exchange gains recognised during the year. The year end results will be announced on SENS on 15 September 2005.
07-Feb-2017
(X)
Spur Corporation is a growing, multi-brand restaurant franchisor with seven brands in South Africa and internationally. The group also owns, and runs, a small number of company-owned restaurants in South Africa. It operates through the following subsidiaries:

* Spur Group Properties (Pty) Ltd.

* RocoMamas Franchise Co (Pty) Ltd.

* Spur Group (Pty) Ltd.

* John Dory's Franchise (Pty) Ltd.

* Steak Ranches International BV

* Spur Corporation UK Ltd.

* Spur Corporation Australia Pty Ltd.



Spur Group consists of Spur International, Spur Steak Ranches, Panarottis Pizza Pasta, John Dory?s Fish, Grill - Sushi, Captain DoRegos, The Hussar Grill and RocoMamas.



It currently has 503 outlets worldwide, with restaurants in various parts of Africa, Mauritius, the UK and Australia. These can be broken down into 318 Spur Steak Ranches, 82 Panarottis Pizza Pasta outlets, 33 John Dory?s restaurants, 62 Captain DoRegos outlets, 8 The Hussar Grill outlets and 4 RocoMamas outlets.


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