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08-Nov-2018
(Official Notice)
Notice is hereby given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.tasteholdings.co.za/downloads/BEE/Taste-BEE-Certificate.pdf.
27-Aug-2018
(Official Notice)
In accordance with the Listings Requirements of JSE Ltd., shareholders are hereby advised that Taste has appointed PSG Capital as its sponsor with effect from 1 October 2018.
31-Jul-2018
(Official Notice)
Shareholders are advised that, at the annual general meeting of Taste held today, 31 July 2017, all the resolutions as set out in the notice of annual general meeting, were passed by the requisite majority of shareholders.
25-Jun-2018
(Official Notice)
Shareholders were advised that the summarised report, including the notice of annual general meeting, for the year ended 28 February 2018 was distributed to shareholders on Friday, 22 June 2018 and contains no modifications to the audited summarised consolidated results published on SENS on 31 May 2018.



Shareholders are however advised that the notice of annual general meeting and corresponding form of proxy have been amended to include a resolution approving the appointment of Mr Dylan Pienaar as an executive director of the Company, with the revised notice of annual general meeting being available on the Company?s website, www.tasteholdings.co.za. No further amendments have been made to the integrated annual report and notice of annual general meeting, as published on 31 May 2018, and all dates pertaining to the annual general meeting remain the same.
31-May-2018
(Official Notice)
Shareholders are advised that the integrated annual report, including the notice of annual general meeting, for the year ended 28 February 2018 is available on the Company?s website, www.tasteholdings.co.za, and that the summarised report and notice of annual general meeting is in the process of being distributed to shareholders.
31-May-2018
(C)
Revenue for the year was 5% lower at R1.044 billion (2017: R1.098 billion). Gross profit increased by 1% to R431.5 million (2017: R426.4 million). Operating loss widened by 106% to R228.3 million (2017: loss of R110.7 million). Loss for the year attributable to equity holders of the company worsened by 139% to R241.2 (2017: loss of R100.8 million). In addition, headline loss per share increased by 67% to 41.8 cents per share (2017: loss of 25 cents per share).



Dividend to shareholders

No dividend has been declared for the year ended 28 February 2018.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders of Taste will be held at 10:00 on Tuesday 31 July 2018 at 12 Gemini Street Linbro Business Park, Frankenwald, Sandton, to conduct the business stated in the notice of annual general meeting, which is contained in the annual report.
23-May-2018
(Official Notice)
Taste is currently finalising its results for the year ended 28 February 2018 (?current year?) and the directors anticipate that:

- the loss per share is expected to be between 49.7 cents and 52.3 cents representing a decline of between 85% and 95%, compared to the loss per share of 26.8 cents for the year ended 28 February 2017 (?prior year?); and

- the headline loss per share is expected to be between 40.6 cents and 43.1 cents representing a decline of between 62% and 72%, compared to the headline loss per share of 25.0 cents for the prior year.



Taste's audited financial results are expected to be released on SENS on or about 31 May 2018.
21-May-2018
(Official Notice)
The board of directors of Taste notified its shareholders that Mr Evan Tsatsarolakis has resigned as Chief Financial Officer, with effect from 31 May 2018.



Shareholders are further advised that Mr Dylan Pienaar has been appointed as acting Chief Financial Officer with effect from 31 May 2018, until such time as a suitable candidate is appointed to fill the role. Shareholders will be advised of further developments in due course.
12-Feb-2018
(Official Notice)
Shareholders are advised that Carlo Gonzaga has tendered notice of his decision to resign from the position of Chief Executive Officer (?CEO?), effective 12 February 2018. Carlo will remain employed by the company for a six month period supporting the new Interim CEO and the board of directors of Taste (?Board?).



The board is pleased to announce that Tyrone Moodley will change his function from non-executive director and be appointed to the Group CEO role effective 12 February 2018. Tyrone has been a non-executive director of Taste since October 2016 and is a senior advisor to Protea Asset Management LLC, the investment advisor to Riskowitz Value Fund LP (?RVF?). RVF and its affiliates, have been Taste shareholders since 2010 and recently increased their stake in Taste to 64.5%.
06-Feb-2018
(Official Notice)
Taste shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that Grant Thornton Johannesburg have been appointed as the Company?s external auditors for the current financial year ending 28 February 2018, with Serena Ho as the designated audit partner, replacing BDO South Africa Inc.



The change in audit firm is effective 6 February 2018 and was initiated by Taste in October 2017 as part of a review process conducted by the Audit - Risk Committee in which select firms were invited to quote on providing audit services to Taste. The decision to change auditors was not the result of any disagreement between the Company and BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The appointment of Grant Thornton will allow the Company to maintain a top quality auditor while achieving its objective of reducing costs. Taste would like to take this opportunity to express its sincere gratitude to the BDO team for their services rendered to the Company over the past years.

01-Feb-2018
(Official Notice)
29-Jan-2018
(Official Notice)
Shareholders are referred to the announcements released on SENS on 19 December 2017 and 4 January 2018 and the circular dated 9 January 2018 (and using the terms defined therein unless otherwise stated) wherein Taste advised that it intended to raise R398 000 000.70 from its Shareholders by way of a fully committed renounceable rights offer. In terms of the Rights Offer, Taste would offer Shareholders 442 222 223 new Shares in aggregate at a subscription price of 90 cents per Rights Offer Share in the ratio of 96.28624 Rights Offer Shares for every 100 Shares held by them at the close of business on the Initial Record Date for the Rights Offer, being Friday, 12 January 2018.



Shareholders are advised that, in terms of the Commitment Agreement, the Rights Offer was underwritten by RVF, who together with its affiliates, held 38.3% of the total number of Taste Shares prior to the Rights Offer. Shareholders are advised that, following the close of the Rights Offer on Friday, 26 January 2018, 61 219 213 Rights Offer Shares, representing 13.84% of the total Rights Offer Shares, were subscribed for. The remaining 86.16% of the total Rights Offer Shares will be issued to RVF in terms of the Commitment Agreement.



Share certificates for Rights Offer Shares subscribed for by the holders of Certificated Shares will be posted to those holders on or about Monday, 29 January 2018.



The CSDP or broker accounts of holders of Dematerialised Shares will be credited with Rights Offer Shares and debited with payments due on Monday, 29 January 2018.
04-Jan-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 19 December 2017 (?Declaration Announcement?) wherein shareholders were advised that Taste intends to raise up to R398 000 000.70 by way of a fully committed renounceable rights offer (?Rights Offer?), in terms of which Taste will offer a total of 442 222 223 authorised but unissued ordinary shares of no par value (?Rights Offer Shares?) at a subscription price of 90 cents per rights offer share in the ratio of 96.28624 rights offer shares for every 100 Taste shares held by shareholders at the close of business on the record date for the rights offer, being Friday, 12 January 2018.



Rights offer circular

Shareholders are advised that Taste has received formal approval of the rights offer circular from the Issuer Regulation Division of the JSE Ltd. and accordingly, the rights offer can now be implemented in accordance with the salient dates and times as set out in the rights offer circular and the Declaration Announcement.



The rights offer circular and accompanying Form of Instruction for use by certificated shareholders only, containing full particulars of the rights offer, will be posted on Tuesday, 9 January 2018 to certificated shareholders recorded in the share register on Friday, 29 December 2017. Certificated shareholders must complete the Form of Instruction and lodge it with the transfer secretaries indicating how they wish to participate in the rights offer.



The Rights Offer circular, containing full particulars of the rights offer, will be distributed on Tuesday, 16 January 2018 to dematerialised shareholders (who have elected to receive such documents) recorded in the share register on Friday, 5 January 2018. Dematerialised shareholders will not receive a ?printed? Form of Instruction, but will have their accounts updated with their rights offer entitlement by their Central Securities Depository Participant ("CSDP") or broker. Holders of dematerialised shares are required to notify their CSDP or broker of the action they wish to take in respect of the rights offer in the manner and by the time stipulated in the agreement governing the relationship between the dematerialised shareholder and his/her CSDP or broker.



The rights offer circular will be made available on the Company?s website, www.tasteholdings.co.za, by close of business on Tuesday, 9 January 2018.



19-Dec-2017
(Official Notice)
15-Dec-2017
(Official Notice)
Shareholders are advised that, at the general meeting convened in terms of the notice of general meeting to shareholders dated 16 November 2017 which was held on Friday, 15 December 2017, all the resolutions were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 318 383 289 representing 69% of the total issued ordinary shares of Taste.





16-Nov-2017
(Official Notice)
10-Nov-2017
(Official Notice)
Further to the cautionary announcement dated 29 September 2017, shareholders are advised that Taste is still in the process of evaluating alternatives to settle its debt which may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to continue exercising caution when dealing in the Company?s securities, until a further announcement is made.
12-Oct-2017
(C)
Revenue for the interim period decreased by 9% to R483.1 million (R529.2 million) whilst gross profit was 4% higher at R207.8 million (R200.6 million). LBITDA worsened to R53.8 million (loss of R24.7 million). Operating loss dived to R73.3 million (loss of R41.2 million). Loss attributable to equity holders widened to R65.8 million (loss of R34.4 million). In addition, headline loss per share took a knock to 15.9cps (9.0cps).



Company outlook

Despite improvements in sales in the most recent quarter the group remains bearish with regard to a material sales recovery in the next six months. As appropriate, we will continue to invest in marketing expenditure, enhancing the customer value proposition and building on the operational improvements made to date.



Shareholders? attention is drawn to the cautionary announcement made on 29 September 2017 wherein the group announced it was evaluating a capital restructure that would see its long term debt of R225 million materially reduced and a combination of debt and equity raised to fund future Starbucks and Domino?s stores. On the basis that this restructure is successful and assuming a moderate consumer recovery next year, the Food division will reach a cash breakeven during the second half of next year. The next six months will no doubt continue to test to the fortitude of South African consumers. We are however confident that the strength of our brands across our divisions will see the group well placed to capitalise on consumer spending as the cycles turn.
29-Sep-2017
(Official Notice)
Taste is currently finalising its results for the period ended 31 August 2017 (?current period?) and the directors anticipate that:

- the loss per share is expected to be between 15.6 cents and 16.6 cents representing a decline of between 69.6% and 80.4%, compared to the loss per share of 9.2 cents for the period ended 31 August 2016 (?prior period?);

- the headline loss per share is expected to be between 15.5 cents and 16.4 cents representing a decline of between 72.2% and 82.2%, compared to the headline loss per share of 9.0 cents for the prior period.



Core earnings

As previously disclosed, the current period core earnings adjustment is limited to pre-opening expenses of corporate owned stores; material, exceptional once-off costs or revenues; and non-cash lease smoothing and IFRS 2 charges. This is non-comparable to the prior period adjustment as the prior period adjustment included expenses associated with the final conversions to Domino?s, and the launch of Starbucks. As these brands have now been established, there are no further launch costs and some of these costs are continuing in the business as part of ongoing infrastructure required to support future growth of the business. Accordingly, noting the non-comparability of the core adjustment, the core headline loss per share for the current period is expected to be between 14.1 cents and 15.1 cents per share compared to a core headline loss per share of 6.2 cents per share for the prior period.



Taste's financial results are expected to be released on SENS on or about 12 October 2017.
29-Sep-2017
(Official Notice)
Shareholders are referred to the announcement released by the Company on 4 April 2017 wherein the board of directors of Taste (?the Board?) concluded that each of its food and luxury goods divisions would be better served as standalone businesses and that it would sell its luxury goods division in due course.



Part of this intended restructure would see Taste settle its long-term bond debt of R225 million and fund future growth of Starbucks and Domino?s stores through a combination of equity and debt more suited to the start-up nature of the food division. Having initiated a process for the sale of the luxury goods division the Company has concluded that it is not the opportune time to execute such a sale. This is due to the current prevailing macro-economic environment and generally tough retail trading conditions. Taste is therefore evaluating alternatives to settle its debt which may have a material effect on the price of the Company?s securities.



Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities, until a further announcement is made.
04-Jul-2017
(Official Notice)
Shareholders are advised that, at the annual general meeting of Taste held, all the resolutions as set out in the notice of annual general meeting, were passed by the requisite majority of shareholders.



19-Jun-2017
(Official Notice)
Shareholders are referred to the announcements released on SENS on 19 May 2017 and 25 May 2017 and the circular dated 30 May 2017 (and using the terms defined therein unless otherwise stated) wherein shareholders were advised that Taste intended to raise R120 million from its Shareholders by way of a renounceable Claw-Back Offer, in terms of which Taste offered a total of 80 000 012 new Shares at a subscription price of R1.50 per Claw-Back Offer Share in the ratio of 21.13210 Claw-Back Offer Shares for every 100 Shares held in Taste at the close of business on the Initial Record Date for the Claw-Back Offer, being Friday, 2 June 2017.



Shareholders are advised that following the close of the Claw-Back Offer on Thursday, 15 June 2017, 64 469 470 Claw-Back Offer Shares were subscribed for, equivalent to 80.6% of the total Claw-Back Offer Shares. The remaining 15 530 542 Claw-Back Offer Shares will be allocated to the Subscriber in terms of the Claw-Back Subscription Agreement.



Claw-Back Offer Share certificates in terms of the Claw-Back Offer will be posted to holders of Certificated Shares on or about Monday, 19 June 2017. The CSDP or broker accounts of holders of Dematerialised Shares will be credited with Claw- Back Offer Shares and debited with payments due on Monday, 19 June 2017.
29-May-2017
(C)
Revenue for the year grew by 3% to R1.09 billion (2016: R1.06 billion). Gross profit increased by 4% to R426.4 million (2016: R410 million). Operating loss widened by 41% to R110.7 million (2016: loss of R78.7 million). Loss attributable to equity holders of the company worsened by 33% to R100.8 million (2016: loss of R75.8 million). Furthermore, headline loss per share changed by 30% to 25 cents per share (2016: headline loss per share of 19.2 cents per share).



Dividend

No dividend has been declared for the year ended 28 February 2017.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders of Taste will be held at 10:00 on Tuesday, 4 July 2017 at 12 Gemini Street Linbro Business Park, Frankenwald, Sandton, to conduct the business stated in the notice of annual general meeting, which is contained in the annual report.

25-May-2017
(Official Notice)
19-May-2017
(Official Notice)
17-May-2017
(Official Notice)
Taste shareholders are referred to the announcement released on SENS on 4 April 2017 and the circular distributed to shareholders on 12 April 2017 (?Circular?). Terms defined in the Circular shall, unless otherwise stated, bear the same meaning in this announcement.



Taste shareholders are advised that, at the General Meeting convened in terms of the Notice of General Meeting to shareholders dated 12 April 2017 which was held today, 17 May 2017, all the Resolutions pertaining to amendments to the Memorandum of Incorporation and the Waiver were passed by the requisite majority of shareholders.
12-May-2017
(Official Notice)
12-Apr-2017
(Official Notice)
Shareholders are referred to the ?Taste to Focus on Food in the Future? announcement released on SENS on 4 April 2017, and using the terms defined therein unless otherwise stated, are hereby advised that the circular containing full details of the changes to the Memorandum of Incorporation and Waiver of Mandatory Offer and incorporating a notice to convene a General Meeting of Taste Shareholders in order to consider and, if deemed fit, to pass, with or without modification, the Resolutions necessary to approve the changes to the Memorandum of Incorporation and Waiver of Mandatory Offer, has been distributed today, 12 April 2017.



The circular is available on the company?s website at: www.tasteholdings.co.za.



Notice of General Meeting

Notice is hereby given that the General Meeting will be held at 10:00 on Wednesday, 17 May 2017, at the registered office of Taste, 12 Gemini Street, Linbro Business Park, Sandton, 2065 to consider and, if deemed fit, to pass with or without modification, the business stated in the Notice of General Meeting, which is contained in the Circular. The Board has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, the record date for the purposes of determining which Shareholders of the company are entitled to receive notice of the General Meeting is Friday, 7 April 2017 and only Shareholders who are registered in the securities register of the company on Friday, 12 May 2017, will be entitled to participate in and vote at the General Meeting. Accordingly, the last day to trade in Taste Shares in order to be recorded in the Register in order to be entitled to attend, participate in and vote at the General Meeting is Tuesday, 9 May 2017.
04-Apr-2017
(Official Notice)
20-Dec-2016
(Official Notice)
12-Oct-2016
(C)
Revenue for the interim period increased by 9% to R529.2 million (2015: R485.5 million). Gross profit improved by 10% to R200.6 million (2015: R182.4 million). Operating loss widened by 32% to R41.2 million (2015: operating loss of R31.1 million). Loss for the period increased by 16% to R34.4 million (2015: loss of R29.7 million). Furthermore, headline loss per share came in at 9 cents per share (2015: headline loss of 10.5 cents per share).



Dividend to shareholders

In line with previous years the group has not declared an interim dividend.

11-Oct-2016
(Official Notice)
The board of directors of Taste (?the Board?) hereby advises its shareholders that Mr Tyrone Moodley has been appointed as a non-executive director with effect from 10 October 2016. Furthermore, following the resignation of Mr Sebastian Patel from the Board and audit committee on 30 May 2016, Mr Grant Pattison has joined the audit committee until a suitable replacement is appointed.

04-Oct-2016
(Official Notice)
Taste is currently finalising its results for the 6 months ended 31 August 2016 and the directors anticipate that:

*the loss per share has improved (excluding the core earnings adjustments detailed below) and is expected to be between 8.6 cents and 9.8 cents, representing an improvement of between 8% and 19%, compared to the loss per share of 10.6 cents for the prior period; and

*the headline loss per share has improved (excluding the core earnings adjustment detailed below) and is expected to be between 8.5 cents and 9.5 cents, representing an improvement of between 10% and 19% compared to the headline loss per share of 10.5 cents for the prior period.



With regards to launching and establishing the Starbucks brand in South Africa in 2016: as previously announced, the Group incurred once off investment costs relating to initial training and travel; employment costs of a dedicated Starbucks team well in advance of the market launch in April 2016; pre-opening marketing and market research; and establishing IT and other infrastructure. As with Domino?s, these costs are excluded from core earnings. The financial information on which this voluntary trading statement is based has not been reviewed or reported on by Taste?s auditors. Taste's financial results are expected to be released on SENS on or about 12 October 2016.



30-Jun-2016
(Official Notice)
Shareholders are advised that, at the annual general meeting of Taste held today, all the resolutions as set out in the notice of annual general meeting, save for ?Ordinary resolution number 1.3: Re-election of Mr Sebastian Patel as a non-executive director? and ?Ordinary resolution number 2.3: Election of Mr Sebastian Patel as a member of the audit and risk committee?, which were withdrawn prior to the annual general meeting, were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 241 526 779, representing 64% of the total issued share capital of the same class of Taste shares.



31-May-2016
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE and following the announcement dated 30 May 2016, which refers to the disposal by Brimstone Investment Corporation of its entire beneficial interest in the securities of the Company, the board of directors of Taste (?the Board?) hereby advises its shareholders that Mr Sebastian Patel has resigned as an independent non-executive director with effect from 30 May 2016.
25-May-2016
(C)
Revenue for the year grew by 48% to R1.1 billion (2015: R717.1 million). Gross profit increased by 44% to R410.0 million (2015: R284.4 million). Operating loss plummeted by 349% to R78.7 million (2015: profit of R31.6 million). Loss attributable to equity holders of the company worsened by 585% to R75.8 million (2015: profit of R15.6 million). Furthermore, headline loss per share changed by 382% to 19.2 cents per share (2015: headline earnings per share of 6.8 cents per share).



Dividend

In line with the company's historical dividend cover policy of 2.5 - 3 times core earnings per share, and taking into account the opportunities to invest in Starbucks and Arthur Kaplan growth, no dividend has been declared for the year ended 29 February 2016.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders of Taste will be held at 12:00 on Thursday, 30 June 2016 at Summer Place, 69 Mellville road, Hyde Park, Johannesburg, to conduct the business stated in the notice of annual general meeting, which is contained in the annual report.



The board has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 24 June 2016. Accordingly, the last day to trade Taste shares in order to be recorded in the Register to be entitled to vote will be Friday, 17 June 2016.



09-May-2016
(Official Notice)
Further to the trading statement released on SENS on 11 February 2016, Taste is currently finalising its results for the year ended 29 February 2016 and the directors anticipate that:

- the loss per share (excluding the core earnings adjustment detailed below) is expected to be between 23.5 cents and 24.9 cents, compared to the earnings per share of 6.9 cents for the prior period; and

- the headline loss per share (excluding the core earnings adjustment detailed below) is expected to be between 18.5 cents and 19.8 cents, compared to the headline earnings per share of 6.8 cents for the prior period.



Taste's audited financial results are expected to be released on SENS on or about 25 May 2016.
24-Feb-2016
(Official Notice)
The board of directors of Taste (?the Board?) hereby notifies its shareholders that Mr Bill Daly has resigned as independent non-executive chairman with effect from 23 February 2016 and will remain on the board as an independent non-executive director.



The board informs shareholders that Mr Grant Pattison, an independent non-executive director, will assume the role of independent non-executive chairman of Taste with effect from 23 February 2016.

11-Feb-2016
(Official Notice)
Taste expects earnings per share and headline earnings per share for the year ending 29 February 2016 to be negative (a decrease of more than 100%).



Earnings per share and headline earnings per share for the comparative period being 28 February 2015 were 6.9 cents and 6.8 cents respectively.



Stakeholders are reminded that the group also discloses core earnings which exclude once off costs relating Domino?s Pizza and Starbucks. The Starbucks licence was acquired in July 2015 and the first stores are still scheduled to open during the first half of this year.



Once the company has clarity of the actual range of the earnings decrease for the year ending 29 February 2016, a further trading statement will be released on SENS.



The above information has not been reviewed or reported on by Taste?s auditors.







27-Jan-2016
(Official Notice)
The board of directors of Taste (?board?) hereby advises its shareholders that Mr Jay Currie has notified the company of his intention to take up permanent residence in Australia towards the end of 2016. Mr Currie, who is currently an executive director of Taste, will resign from the board with effect from 1 March 2016. However, Mr Currie will, for a period of time following such resignation, continue to fulfil an executive role within the group during which the appropriate succession plan will be implemented.
21-Jan-2016
(Official Notice)
Further to the announcement released on SENS on 8 December 2015, shareholders are advised that, at the general meeting of Taste held on 21 January 2016, convened in terms of the notice of general meeting contained in the circular to shareholders dated 8 December 2015, the resolutions to approve, inter alia, the proposed amendments to the Share Incentive Scheme were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 272 805 799, representing 72% of the total issued share capital of the same class of Taste shares. The number of shares which abstained from voting was 117 942, representing 0.031% of the total issued share capital of the same class of Taste shares.
08-Dec-2015
(Official Notice)
Taste intends to amend its existing share incentive scheme (?Scheme?) following the approval by Shareholders of the Company?s remuneration philosophy by way of a non-binding resolution at the Company?s annual general meeting held on 30 June 2015. Taste recognises that the Scheme plays an important role in both the retention and attraction of suitable and competent employees within the Company and the Group, as well as aligning the basis on which equity based performance bonuses are awarded. The proposed amendments to the Scheme will further enhance these objectives by applying an integrated and holistic approach to the Company?s remuneration policy which is set for defined categories of executives and selected employees.



Taste shareholders are hereby advised that a circular regarding the proposed amendments to the Scheme, together with a notice to convene a general meeting of Taste shareholders in order to consider and, if deemed fit, to pass, with or without modification, the resolutions necessary to approve and implement the proposed amendments, has been distributed today, 8 December 2015.



The circular is available on the Company?s website at www.tasteholdings.co.za



Notice is hereby given that a general meeting of Taste shareholders will be held at 10:00 on Thursday, 21 January 2016 at the registered office of Taste, 12 Gemini Street, Linbro Business Park, Sandton, Johannesburg, 2065, to conduct the business stated in the notice of general meeting, which is contained in the circular.



The board of directors of the Company (?the Board?) has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended (?Companies Act?) the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the general meeting is Friday, 15 January 2016. Accordingly, the last day to trade in Taste shares in order to be recorded in the Company?s securities register to be entitled to vote will be Friday, 8 January 2016.
16-Nov-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 13 October 2015 (?Declaration Announcement?) and 16 October 2015 (?Finalisation Announcement?) wherein shareholders were advised that Taste intended to raise R226 393 428 from its Shareholders by way of a renounceable rights offer (?Rights Offer?), in terms of which Taste offered a total of 75 464 476 new Shares (?Rights Offer Shares?) at a subscription price of 300 cents per Rights Offer Share in the ratio of 25 Rights Offer Shares for every 100 Shares held in Taste at the close of business on the record date for the Rights Offer, being Friday, 30 October 2015.



Shareholders are advised that 102 712 219 Rights Offer Shares were applied for, equivalent to 136% of the total Rights Offer Shares. As a result thereof, excess applications of 41 087 710 Rights Offer Shares have been received, which will be allocated in an equitable manner as set out in the circular distributed to Taste Shareholders on 27 October 2015 up to the number of Rights Offer Shares available.



Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Taste Shares on or about Monday, 16 November 2015. The CSDP or broker accounts of holders of Dematerialised Taste Shares will be credited with Rights Offer Shares and debited with payments due on Monday, 16 November 2015.



20-Oct-2015
(Official Notice)
The board of directors of Taste advised that all legal proceedings against, inter alia, Taste, Taste Food Franchising (Pty) Ltd. (?TFF?), a wholly owned subsidiary of Taste Holdings Ltd. and Domino's Pizza International Inc. (?Domino?s?) have been unconditionally and irrevocably withdrawn against Taste, TFF and Domino's on the basis that same have become fully and finally settled.
16-Oct-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 13 October 2015 (?Declaration Announcement?) wherein shareholders were advised that Taste intends to raise R226 393 428 from its Shareholders by way of a renounceable rights offer (?Rights Offer?), in terms of which Taste will offer a total of 75 464 476 new Taste ordinary shares (?Rights Offer Shares?) at a subscription price of 300 cents per Rights Offer Share in the ratio of 25 Rights Offer Shares for every 100 shares held in Taste at the close of business on the record date for the Rights Offer, being Friday, 30 October 2015 (?the Record Date?).



Rights offer circular

Shareholders are advised that Taste has received formal approval of the Rights Offer circular from the Issuer Regulation Division of the JSE Ltd. and accordingly, the Rights Offer can now be implemented in accordance with the salient dates and times as set out in the Rights Offer circular and the Declaration Announcement.



The Rights Offer circular and accompanying Form of Instruction for use by certificated Shareholders only, containing full particulars of the Rights Offer, will be posted on Tuesday, 27 October 2015 to certificated Shareholders recorded in the share register on the Record Date. Certificated Shareholders must complete the Form of Instruction and lodge it with the Transfer Secretaries, indicating how they wish to participate in the Rights Offer.



The Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on Tuesday, 3 November 2015 to dematerialised Shareholders (who have elected to receive such documents) recorded in the share register on the Record Date. Dematerialised Shareholders will not receive a ?printed? Form of Instruction, but will have their accounts updated with their Rights Offer entitlement by their CSDP or broker. Holders of dematerialised Taste Shares are required to notify their CSDP or broker of the action they wish to take in respect of the Rights Offer in the manner and by the time stipulated in the agreement governing the relationship between the dematerialised Shareholder and his/her CSDP or broker.



The Rights Offer circular will be made available on the Company?s website, www.tasteholdings.co.za, by close of business Friday, 23 October 2015.
13-Oct-2015
(Official Notice)
13-Oct-2015
(C)
Revenue for the interim period increased by 62% to R490.4 million (2014: R302.3 million). Gross profit grew by 61% to R182.4 million (2014: R113 million), while operating loss came in at R31.1 million (2014: profit of R13.7 million). Loss attributable to equity holders of the company was recorded at R29.9 million (2014: profit of R7 million). Furthermore, headline loss per share came in at 10.5cps (2014: earnings of 3.4cps).



Dividend

In line with previous years the group has only paid a final dividend. As such no interim dividend is declared for the current period.
23-Sep-2015
(Official Notice)
05-Aug-2015
(Official Notice)
The board of directors of Taste advised shareholders that the litigation between The Traditional Fish and Chips (Pty) Ltd. and others, Buon Gusto Cuisine (Pty) Ltd. and Taste, as disclosed in the 2015 Integrated Annual Report, has now been fully and finally settled between the parties, on an amicable basis, the parties having specifically agreed that the Sale Agreement concluded between them came into full force and effect on 1 February 2012.



All the actions between the parties have now been withdrawn.
14-Jul-2015
(Official Notice)
06-Jul-2015
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 22 May 2015 and are advised that Taste is still involved in negotiations which, if successfully concluded, will result in the addition of a brand to its portfolio and may impact the price of the company's securities.



Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
30-Jun-2015
(Official Notice)
Further to the announcements released on SENS on 21 April 2015 and 29 May 2015 (and using the terms defined therein unless otherwise stated) shareholders are advised that, at the general meeting of Taste held on 30 June 2015, convened in terms of the notice of general meeting contained in the circular to shareholders dated 29 May 2015, the resolutions to approve, inter alia, the Specific Issue were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 181 351 012, representing 72.30% of the total issued share capital of the same class of Taste shares (excluding Brimstone and its associates). The number of shares which abstained from voting was 98 562, representing 0.039% of the total issued share capital of the same class of Taste shares (excluding Brimstone and its associates).

30-Jun-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Taste held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 197 427 613, representing 68.41% of the total issued share capital of the same class of Taste shares.

08-Jun-2015
(Official Notice)
Further to the announcement released on SENS on 21 October 2014 and using the terms defined therein unless otherwise stated, shareholders are hereby advised that:

1.In terms of the Sale of Shares agreement the purchase consideration of R85 million which was settled in cash would additionally be increased by R4.21 for every R1.00 with which the profit after tax of AKJ Holdings Pty Ltd (Arthur Kaplan Jewellers) for the period from 1 July 2014 to 30 June 2015 exceeds R12.386 million, up to a total additional amount of R35 million (additional purchase consideration). An amendment to the settlement of the additional purchase consideration in the Sale of Shares agreement has been signed. This amendment reflects that R5 750 000 of the additional purchase consideration be settled by the issue of 1 726 727 Taste ordinary shares and the remainder in cash.

2.The current trading performance of Arthur Kaplan Jewellers indicates that the additional purchase consideration payable will in all likelihood exceed the R15 million provided for as at the end of February 2015.

3.The issue of shares is intended to assist in retaining Dean Divaris, Managing Director of Arthur Kaplan Jewellers and to align him with the rest of Taste?s executive team who own both personal as well as optional equity.

4.In terms of the JSE Listings Requirements the categorisation of the Arthur Kaplan Jewellers acquisition has not changed.

5.All other terms of the Sale of Shares agreement remain unchanged.

6.The payment of the cash and the issue of shares will take place in July 2015.
29-May-2015
(Official Notice)
Further to the announcement released on SENS on 21 April 2015 (and using the terms defined therein unless otherwise stated) regarding, inter alia, the specific issue of 8 196 722 subscription shares to Brimstone (or one of its wholly-owned subsidiaries), shareholders are hereby advised that the circular containing full details of the specific issue and incorporating a notice to convene a general meeting of Taste shareholders in order to consider and, if deemed fit, to pass, with or without modification, the resolutions necessary to approve and implement the specific issue, has been distributed 29 May 2015. The circular is available on the Company?s website at www.tasteholdings.co.za.



Notice of GM

Notice is hereby given that a general meeting of Taste shareholders will be held at 12:30 (or immediately following the Annual General Meeting, whichever is later) on Tuesday, 30 June 2015 at Summer Place, 69 Melville Road, Hyde Park, Johannesburg, to conduct the business stated in the notice of general meeting, which is contained in the circular. The board of directors of the Company (?the Board?) has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended (?Companies Act?) the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the General Meeting is Friday, 19 June 2015. Accordingly, the last day to trade in Taste shares in order to be recorded in the Company?s securities register to be entitled to vote will be Thursday, 11 June 2015.
26-May-2015
(C)
Revenue for the year increased by 24% to R723.7 million (2014: R582.8 million). Gross profit rose by 23% to R284.4 million (2014: R231.6 million), operating profit fell by 36% to R31.6 million (2014: R49.7 million), while profit attributable to equity holders of the company weakened by 49% to R15.6 million (2014: R30.4 million). Furthermore, headline earnings per share decreased by 57% to 6.8 cents per share (2014: 15.8 cents per share).



Dividend

A final gross cash dividend of 6.5 cents per ordinary share, resulting in a net dividend of 5.525 cents per ordinary share for those shareholders who are subject to a 15% Dividends Tax, payable out of income in respect of the year ended 28 February 2015, has been declared by the directors.



Prospects

The group expects the soft sales performance of the fish category to continue while the anniversary effect of new store openings will be minimised in the coming year. The better than expected sales in Domino?s Pizza and the accelerating rate of franchisee interest for both new openings and conversions will mitigate the expected slow-down in sales across the group?s other pizza brands until they convert fully. The impact of load-shedding is among the groups top concerns due to our (or our franchisees?) inability to mitigate in all stores. The group has identified further opportunities in line with its strategic intent and is confident that the current year will see certain of these materialise.



Notice of AGM

The annual general meeting of shareholders of Taste will be held at 12:00 on Tuesday, 30 June 2015 at Summer Place, 69 Mellville road, Hyde Park, Johannesburg, to conduct the business stated in the notice of annual general meeting, which is contained in the annual report. The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 19 June 2015. Accordingly, the last day to trade Taste shares in order to be recorded in the Register to be entitled to vote will be Thursday, 11 June 2015.
22-May-2015
(Official Notice)
Shareholders are advised that Taste is involved in negotiations which, if successfully concluded, will result in the addition of a brand to its portfolio and may impact the price of the company`s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company`s securities until a further announcement is made.
13-May-2015
(Official Notice)
Taste is currently finalising its results for the year ended 28 February 2015 (?the current period?). The directors anticipate that the earnings per share and the headline earnings per share (excluding the core earnings adjustment described below) are expected to be between 6.7 cents and 7.1 cents, representing a decrease of between 54% and 58%, compared to 15.6 cents and 16.0 cents respectively for the year ended 28 February 2014 (?the prior period?).



Core earnings

As with previous years the Group discloses core/normalised earnings. The Company uses this core earnings measure to internally evaluate operating performance, to evaluate itself against its peers, and to determine future performance targets and long-range planning. Additionally, Taste believes that stakeholders covering the Company?s stock performance also utilise this measure. Taste will disclose this financial measure for as long as it is relevant to stakeholders. Core earnings exclude once-off costs and revenues; as well as Domino?s Pizza upfront costs relating to the launching of the Domino?s Pizza brand; the establishment of dough production and distribution facilities; and the conversion of the Scooters Pizza and St Elmo?s stores to Domino?s Pizza stores.



Accordingly, the Group anticipates that core EBITDA is expected to increase between 20% and 24% from the prior period and core headline earnings in expected to increase between 15% and 19%. Consequent to the rights offer in the second half of the current period and the related dilution, core headline earnings per share is expected to be between 1% and 5% above the prior period.



The financial information on which this trading statement is based has not been reviewed or reported on by Taste?s auditors. Taste's audited financial results are expected to be released on SENS on or about 26 May 2015.
21-Apr-2015
(Official Notice)
26-Nov-2014
(Official Notice)
Further to the announcement released on SENS on 21 October 2014 and using the terms defined therein unless otherwise stated, shareholders are hereby advised that all the suspensive conditions to the Acquisition, including the receipt of approval from the Competition Commission, have been fulfilled and the transaction is now unconditional with the effective date being 27 November 2014.
17-Nov-2014
(Official Notice)
The board of directors of Taste (Board) is pleased to provide shareholders with the following update in respect of the Group?s exclusive Master Franchise Agreement with Domino?s Pizza International:

*On 30 October 2014, to much excitement and lengthy queues, the first four Domino?s Pizza stores were officially opened in South Africa in Johannesburg, Durban and Cape Town.

*The Board is pleased with the enormously positive initial customer feedback and at the overwhelming reception of fresh hand tossed pizza and the Domino?s Pizza brand by South African customers.

*With various sales records having been broken in the first full week of trade, sales in all four stores have more than exceeded the Board?s expectations. Taste?s largest store served in excess of 3 000 pizza fans over 5 000 pizzas in this first week and sales momentum across all four stores has continued into the second week since opening.

*The four stores, which are all corporate owned stores, will be utilised as training springboards for the conversion of existing Scooters Pizza and St. Elmo?s stores to Domino?s Pizza stores, which conversions will be well underway in the first half of the 2015 calendar year. The Group?s initial conversion schedule has been fully subscribed by existing franchisees.

*A further two corporate training stores will be opened in Gauteng before the end of 2014. In addition to a promising corporate store pipeline building into the 2015 calendar year, the Group is in discussion with several prospective new multiple store franchisees who have expressed interest in building significant Domino?s Pizza store clusters both in South Africa and in other Southern African markets.

*Furthermore, two additional supply chain facilites, one regional and one national, will begin fresh dough manufacturing and distribution on a large scale for the South African Domino?s Pizza brand in the first quarter of the 2015 calendar year.



The Board believes that the successful opening of the first four Domino?s Pizza stores and the implementation of the Dominos? Pizza store roll out in South Africa is a testament to the leadership capacity created within the Group?s food division following the September 2013 restructuring.

29-Oct-2014
(Media Comment)
According to Business Report, Domino's Pizza opened its first store in Rivonia, Johannesburg on the 29th of October 2014. Taste is the sole licence owner of the US pizza chain store. Taste anticipates opening six Domino's Pizza before year end and has already begun converting the Scooters and St Elmo's franchises into Domino's Pizza outlets.
21-Oct-2014
(Official Notice)
09-Oct-2014
(C)
Revenue for the interim period increased by 15% to R302.3 million (2013: R263.5 million). Gross profit grew by 10% to R113 million (2013: R103.2 million), but operating profit weakened by 23% to R13.7 million (2013: R17.8 million), while profit attributable to equity holders of the company dropped 38% to R7 million (2013: R11.3 million). Furthermore, headline earnings per share fell 40% to 3.4cps (2013: 5.7cps).



Dividend

In line with previous years the group has only paid a final dividend. As such no interim dividend is declared for the current period.



Prospects

The group expects the weaker than expected sales performance of the fish category to continue while the anniversary effect of new store openings will be minimised in the future. The group is of the opinion that it is well resourced to not only offer consumers much desired value during this period, but also to grow in line with its stated strategy. The opening of new Domino's Pizza outlets this year and the conversion of Scooters Pizza - St Elmo's outlets next year to this leading global brand will drive incremental sales in the growing pizza market. The judicious value accretive application of over R200 million of the capital that has been raised in the last six months holds similarly large opportunity for future growth for the group.



Cautionary

Shareholders are referred to the cautionary announcement issued on SENS on 26 September 2014 stating that Taste has entered into negotiations in respect of a possible acquisition which, if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are reminded to exercise caution when dealing in the company?s securities, until a further announcement is made.
29-Sep-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 28 August 2014 (Declaration Announcement) and 2 September 2014 (Finalisation Announcement) wherein shareholders were advised that Taste intended to raise R180 157 542 from its Shareholders by way of a renounceable rights offer (Rights Offer), in terms of which Taste will offer a total of 60 052 514 new Taste ordinary shares (Rights Offer Shares) at a subscription price of 300 cents per Rights Offer Share in the ratio of 29.20 Rights Offer Shares for every 100 shares held in Taste at the close of business on the record date for the Rights Offer, being Friday, 12 September 2014.



Shareholders are advised that, 71 826 118 Rights Offer Shares were subscribed for, equivalent to 120% of the total Rights Offer Shares. As a result thereof, excess applications of 20 377 420 Rights Offer Shares have been received, which will be allocated in an equitable manner as set out in the circular distributed to Taste Shareholders on 9 September 2014 up to the number of Rights Offer Shares available.



Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Taste Shares on or about Monday, 29 September 2014. The CSDP or broker accounts of holders of Dematerialised Taste Shares will be credited with Rights Offer Shares and debited with payments due on Monday, 29 September 2014.



25-Sep-2014
(Official Notice)
Shareholders are advised that Taste has entered into negotiations in respect of a possible acquisition which, if successfully concluded, may have a material effect on the price of the Company's securities.



Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities, until a further announcement is made.
17-Sep-2014
(Official Notice)
Post the FTSE quarterly review, Taste was reclassified from 5371 Apparel Retailers to 5747 Restaurants and Bars.The reclassification is effective from Monday, 22 September 2014.



17-Sep-2014
(Official Notice)
In compliance with section 3.59 of the JSE Ltd. Listings Requirements, the board of directors of the Company wish to inform Shareholders that iThemba Corporate Governance and Statutory Solutions (Pty) Ltd. has been appointed as Company secretary with effect from 17 September 2014, replacing Ms Monika Pretorius who has resigned as Company Secretary.



The Company wishes to thank Ms Pretorius for her valuable contribution during her tenure as Company Secretary.

12-Sep-2014
(Official Notice)
02-Sep-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 28 August 2014 ("Declaration Announcement") wherein shareholders were advised that Taste intends to raise R180 157 542 from its Shareholders by way of a renounceable rights offer ("Rights Offer"), in terms of which Taste will offer a total of 60 052 514 new Taste ordinary shares ("Rights Offer Shares") at a subscription price of 300 cents per Rights Offer Share in the ratio of 29.20 Rights Offer Shares for every 100 shares held in Taste at the close of business on the record date for the Rights Offer, being Friday, 12 September 2014 ("the Record Date").



Shareholders are advised that Taste has received formal approval of the Rights Offer circular from the Issuer Regulation Division of the JSE Ltd. and accordingly, the Rights Offer can now be implemented in accordance with the salient dates and times as set out in the Rights Offer circular and the Declaration Announcement.



The Rights Offer circular and accompanying Form of Instruction for use by certificated Shareholders only, containing full particulars of the Rights Offer, will be posted on Tuesday, 9 September 2014 to certificated Shareholders recorded in the share register on the Record Date. Certificated Shareholders must complete the Form of Instruction and lodge it with the Transfer Secretaries, indicating how they wish to participate in the Rights Offer.



The Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on Tuesday, 16 September 2014 to dematerialised Shareholders (who have elected to receive such documents) recorded in the share register on the Record Date. Dematerialised Shareholders will not receive a "printed" Form of Instruction, but will have their accounts updated with their Rights Offer entitlement by their CSDP or broker. Holders of dematerialised Taste Shares are required to notify their CSDP or broker of the action they wish to take in respect of the Rights Offer in the manner and by the time stipulated in the agreement governing the relationship between the dematerialised Shareholder and his CSDP or broker.
28-Aug-2014
(Official Notice)
29-Jul-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Taste held today, 29 July 2014, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
26-Jun-2014
(Official Notice)
Shareholders are advised that the annual report for the year ended 28 February 2014 was distributed today and contains no modifications to the audited summary consolidated provisional results for the year ended 28 February 2014 that was published on SENS on 21 May 2014.



Notice is given that the annual general meeting of shareholders of Taste will be held at 12:00 on Tuesday, 29 July 2014 at 12 Gemini Street, Linbro Business Park, Sandton, to conduct the business stated in the notice of annual general meeting, which is contained in the annual report. The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 18 July 2014. Accordingly, the last day to trade Taste shares in order to be recorded in the Register to be entitled to vote will be Friday, 11 July 2014.
13-Jun-2014
(Official Notice)
At an awards function held last night, Taste was awarded the Best Corporate Reporting and Communications Award in the Retail Services Sector by the Investment Analysts Society of SA ("IAS") for the 2013 year. Taste is a South African-based management group that owns or licensees a portfolio of mostly franchised, category specialist and formula-driven, quick-service restaurant and retail brands.



This year has seen Taste?s recent signing of an exclusive master franchise agreement with Domino's Pizza and the acquisition of the 15-year-old Zebro's Chicken brand. Taste's CEO, Carlo Gonzaga, has also received the Award for Excellence in Franchising by the Franchise Association of South Africa ("FASA"). The IAS award is the latest in a long list of awards for the Company and there is little doubt that 2014 still has many exciting things in store for Taste.
21-May-2014
(C)
Revenue increased by 15% to R582.8 million (R506.4 million). Gross profit rose by 19% to R231.6 million (R195.1 million) and operating profit was up by 16% to R49.7 million (R42.9 million). Net attributable profit jumped by 23% to R30.4 million (R24.8 million). In addition, headline earnings per share grew by 20% to 16cps (13.3cps).



Dividend

A final gross ordinary dividend of 6.2cps has been declared.



Outlook

The groups exposure to a diversified customer base, combined with multiple sources of revenue and profit due to its extensive vertical integration, provides a balanced portfolio that is resilient to localised consumer contractions such as that currently being experienced among lower income consumers.



Taste has historically been cautious in its future outlook, especially with regard to forecasting factors beyond its direct control. While sales in our two pizza brands have shown positive sales growth in the most recent six months, demand among lower income consumers remains weak and we anticipate that this will continue through the first half of the current financial year, potentially offsetting gains made in the pizza division. With regard to those factors within its control: the group is encouraged by the medium and long-term benefits the Dominos Pizza roll-out and conversion will bring. As communicated in prior announcements, this will however require initial once-off costs relating to the store conversions, establishment of a centralised dough production facility and initial training and marketing.



It is anticipated that the food services business will continue its improvement and that the jewellery division will increase its corporate-owned store base.



Taste remains committed to being a diversified franchisor invested in retail and restaurant brands within Southern Africa. The increased human resource capacity as a result of the re-structure in the food division will see the group continuing to assess opportunities in line with its strategic intent, particularly within the food division.
20-May-2014
(Official Notice)
Shareholders are advised that certain local aggrieved parties, who were unsuccessful in previous negotiations with Domino's Pizza International, are objecting to the validity of Taste's recently secured rights to Domino's Pizza as announced by both Domino's Pizza International and Taste on 10 April 2014. The application has cited Domino's Pizza International as the Main Respondent and Taste as Second Respondent. Taste received notification of the objection on the afternoon of 19 May 2014, and the legal merits of the objection are currently being investigated by both Domino's Pizza International and Taste. It has however, been confirmed that none of the aforementioned parties have, or had, a written agreement with Domino's Pizza International. Notwithstanding this, the Board of Directors of Taste feel it prudent to inform shareholders timeously of the objection and will update shareholders in due course of further developments in this regard.
05-May-2014
(Official Notice)
A review of the financial results for the year ended 28 February 2014 by management has indicated that the earnings per share and the headline earnings per share are expected to be between 17% and 23% higher, compared to the earnings per share of 12.8 cents and the headline earnings per share of 13.3 cents for the year ended 28 February 2013.



Taste's financial results are expected to be released on SENS on or about 21 May 2014.
10-Apr-2014
(Official Notice)
26-Feb-2014
(Official Notice)
The board of directors of Taste (the board) hereby notifies its shareholders that Mr Grant Pattison has been appointed as an independent non-executive director to the board with effect from 1 March 2014.

29-Jan-2014
(Official Notice)
Shareholders are advised of the withdrawal of the cautionary announcement issued on 13 December 2013 and caution is no longer required when dealing in the company's securities .
29-Jan-2014
(Official Notice)
13-Dec-2013
(Official Notice)
Shareholders are advised that Taste has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities.



Accordingly, shareholders are advised to exercise caution when dealing in the company's securities, until a further announcement is made.
15-Oct-2013
(Official Notice)
The board of directors of Taste notified its shareholders that Mr Luigi Gonzaga will retire as an executive director with effect from 28 February 2014.
15-Oct-2013
(C)
Revenue grew 24% to R263.5 million (R212.9) and gross profit rose 20% to R103.2 million (R85.7 million). Operating profit was 11% higher at R17.8 million (R16.1 million). Profit attributable to equity holders increased by 25% to R11.3 million (R9.0 million). Furthermore, headline earnings per share jumped 27% to 5.7cps (4.5cps).



Dividend

In line with previous years the group has only paid a final dividend. As such no interim dividend is declared for the current period.



Prospects

Due to the multiple sources of profit in a vertically integrated business model and through the group's exposure to a diversified consumer base and mix of product categories through its portfolio of brands and formats, the board is confident that Taste is relatively well balanced in its exposure to both upward and downward periods in the business cycle. The board has historically been cautious in its future outlook, and such sentiment remains unchanged for the next six months of trading. Notwithstanding this, the new business pipeline is on track to achieve the 100 new store openings forecast at the start of the year and the food distribution business improves in its service levels and efficiencies with each passing month. The jewellery segment has turned in yet another unparalleled performance in all respects, and while the board is confident in its strong value proposition, anniversarying such strong a sales performance will continue to be a challenge.



Taste remains committed to being a diversified franchisor invested in retail and restaurant brands within Southern Africa. The group will continue to assess opportunities in line with its strategy and is focused in the short-term on improving same-store sales in the food franchise division; assessing acquisition opportunities across the group; and unlocking value to both shareholders and franchisees through its vertical integration in the food segment.
25-Sep-2013
(Official Notice)
Taste is currently finalising its results for the six months ended 31 August 2013 and shareholders were advised that the directors anticipate that the group will report growth of between 20% and 30% for both earnings per share and headline earnings per share when compared to the results for the six months ended 31 August 2012.



The company's results for the six months ended 31 August 2013 are expected to be released on SENS on or about 16 October 2013.
30-Aug-2013
(Official Notice)
Notice was given that the appointment of Vunani Corporate Finance as the company's sponsor will terminate, by mutual consent, with effect from 30 September 2013. Shareholders are advised that the board of directors of Taste has appointed Merchantec Capital as the company's sponsor, with effect from 1 October 2013.
22-Aug-2013
(Official Notice)
Shareholders were advised that, at the annual general meeting of the company held today, 22 August 2013, all the resolutions as set out in the notice of the annual general meeting were passed, with the requisite majority.
31-Jul-2013
(Official Notice)
Shareholders were referred to the SENS announcement dated 23 July 2013 and were advised that the Integrated Report for the year ended 28 February 2013, which was dispatched to shareholders on 23 July 2013, contains the following modifications from the reviewed results for that year, which were released on SENS on 22 May 2013. These modifications only comprise reclassifications, result in improved disclosure and have had no effect on the revenue, profit, total equity, total assets and total liabilities reported. In addition, the unqualified review opinion issued by BDO South Africa Inc. on 23 May 2013 remains unchanged.



Details of annual general meeting

The Annual General Meeting of shareholders of the company will be held on 22 August 2013 at 12:00 at the company's offices, 12 Gemini Street, Linbro Business Park, Sandton.



The following salient dates apply to the Annual General Meeting:

*Record date for determining those shareholders entitled to vote at the Annual General Meeting. Friday,16 August 2013

*Last day for receipt of forms of proxy for the Annual General Meeting (or they may be handed to the Chairman at the meeting).By 10:00 on Tuesday, 20 August 2013
31-Jul-2013
(Official Notice)
Brimstone Investment Corporation Ltd. ("Brimstone"), Taste and Nedbank Ltd. ("Nedbank") announced a landmark agreement that will facilitate funding for 50 new franchisees to open The Fish - Chips Co. outlets. The Fish - Chips Co. is a franchise brand owned by Taste that last year alone created over 1000 new jobs through the opening of over 100 new outlets. Brimstone is a Black-controlled and managed investment company with key interests in the food, financial services and healthcare sectors.



Brimstone is a shareholder in both Taste (12.53%) and Nedbank (0.75%).



The initiative aims to provide competitive funding for potential franchisees who, under normal circumstances, would not have access to a bank loan or the required security to acquire such a franchise.



This funding will facilitate the introduction of new entrants into a successful business model, reduce the risk of failure for new entrepreneurs, create new sustainable job opportunities and, through extensive training, transfer skills over the long-term. Franchisees meeting the qualifying criteria require a substantially reduced equity investment (of approximately 20% of the total set-up cost), with the balance of the total set-up costs (including working capital) being funded by Nedbank at similar interest rates as if the franchisee did have security.



This unique funding arrangement has been made possible through a combination of Brimstone providing a guarantee for certain of the obligations of the franchisee; Taste providing its franchise systems and continuous oversight; and Nedbank providing funding and financial training for the franchisee.
23-Jul-2013
(Official Notice)
Shareholders are advised that the Integrated Report for the year ended 28 February 2013 was dispatched to shareholders on 23 July 2013 and contains the following modifications from the reviewed results for that year, which were released on SENS on 22 May 2013. These modifications comprise of reclassifications, result in improved disclosure and have had no effect on the revenue, profit, total equity, total assets and total liabilities reported. In addition, the unqualified review opinion issued by BDO South Africa Inc remains unchanged.



Notice of annual general meeting:

Notice is given that the Annual General Meeting of shareholders of the company will be held on 22 August 2013 at 12:00 at the company's offices, 12 Gemini Street, Linbro Business Park, Sandton.
10-Jul-2013
(Official Notice)
Taste announced the appointment of Mr Jay Currie to the Taste Executive Team effective 2 September 2013. Mr. Currie will assume the newly-formed position of CEO of the Taste Food Division which consists of:

* the food franchise business with its over 500 franchise outlets underpinned by the well-known brands of Scooters Pizza, Maxi's Restaurants, St. Elmo's Woodfired Pizza and The Fish - chip Co. and,

* the food manufacturing and distribution business that manufactures and distributes products to the above food outlets.
22-May-2013
(C)
Revenue for the year ended 28 February 2013 increased by 66% to R506.4 million (2012: R304.3 million). Gross profit rose by 46% to R195.1 million (2012: R133.9 million), operating profit was higher by 22% to R43.3 million (2012: R35.6 million), while profit attributable to equity holders of the parent jumped by 18% to R24.8 million (2012: R21.1 million). Furthermore, headline earnings per share climbed by 7% to 13.3cps (2012: 12.4cps).



Dividend

Notice is hereby given that a final gross cash dividend of 5.1 cents per ordinary share has been declared by the directors.



Prospects

The establishment of the distribution business has added significant scale to the group and consequent opportunities for leverage. While the new store pipeline has over 100 outlets planned for the coming year, store profitability in the food division remains an area of focus. All the groups brands continue to provide strong value propositions to consumers, an advantage in the current environment of stagnant disposable income. Taste remains committed to being a diversified franchisor invested in retail and restaurant brands within Southern Africa. The group will continue to assess opportunities in line with its strategy and is focused in the short term on improving same-store sales in the food division and on bedding down its distribution business.

21-Jan-2013
(Media Comment)
According to Business Day, Taste's aggressive rollout of the Fish - Chip Company has started to prove profitable. The company is establishing stores countrywide, the majority being in the Western Cape and KwaZulu-Natal, due to the convenient accessibility to the fish form the country's coastline.
18-Jan-2013
(Official Notice)
Taste is pleased to report an increase in group system-wide sales of 41% for the month of December 2012 when compared to December 2011. Comparative group system-wide sales for the four month period since the last reported half-year results (1 September 2012 to 31 December 2012) increased 58%, when compared to the same four months in 2011. System-wide sales in the Jewellery division for the period 1 September 2012 to 31 December 2012 increased 10%, when compared to the same period in 2011, while same store sales increased 11%. For the same four month comparative period, same store sales in franchise and corporate stores increased 10% and 14%, respectively.



The Food Services division?s sales increased substantially in December 2012, as expected, with the revenue from the new distribution business which began in August 2012. This business, still in its start-up phase, continues to incur start-up costs and is still in the process of reaching its operational efficiency targets. System-wide sales in the Food Franchising division for the period 1 September 2012 to 31 December 2012 increased 81% when compared to the same period in 2011, while same-store sales were flat. The division built 52 new outlets in the four month period since 1 September 2012 and is expected to open a further 10 outlets prior to year end.
17-Oct-2012
(Media Comment)
Business Day highlighted that Taste Holdings will over the next six months plan to scale up the presence of its Fish - Chip Co brand, opening up to 50 stores, mostly in KZN and the Western Cape. Taste's brands include Scooters Pizza, St Elmo's, Maxi's and jeweller NWJ. The company has also set it sights on adding up to 20 new outlets for each of its other brands over the period.
16-Oct-2012
(C)
Revenue grew 55% to R176.3 million (R113.4 million) whilst operating profit jumped 54% to R16.4 million (R10.7 million). Attributable income to equity holders of the company soared by 69%to R9.0 million (5.3 million). Furthermore, headline earnings per share rose 45% to 4.5cps (3.1cps).



Dividend

In line with previous years the group has only paid a final dividend. As such no interim dividend is declared for the current period.



Prospects

The more recent violent strike action and its negative effects on, among others, consumer confidence and exchange rates, has exacerbated a sustained period of uncertainty in consumer spending. This, with forecast rising food inflation, will ensure that the next trading period remains as challenging as previous trading periods. Notwithstanding this, all the groups brands have enjoyed recent positive same-store sales growth, highlighting the strength of brands based on strong value propositions.



With respect to the group, the accelerating performance of NWJ and its credit offering, combined with the aggressive new store rollout of the food division should result in growth. While the costs of bedding down the two distribution depots and establishing the KZN depot may off-set some of this growth in the next six months, it should lay a platform for growth in the future.
01-Oct-2012
(Official Notice)
Taste is currently finalising its results for the six months ended 31 August 2012 and shareholders are advised that the directors anticipate that the group will report growth of between 40% and 55% for both earnings per share and headline earnings per share when compared to the results for the six months ended 31 August 2011.



In line with the group's stated vertical integration strategy, the food division terminated its distribution contract with its third-party distributor in August 2012. The effect of this is that:

*the food division now has distribution depots in Cape Town and Gauteng, with a third depot planned in KwaZulu-Natal (KZN) in March 2013;

*the food division now distributes directly to approximately 450 food outlets, which number will increase to over 500 outlets with the commissioning of the KZN depot in 2013;

*the food division has entered into a management contract whereby it does not own the vehicles it uses for distribution; and

*the once-off costs associated with establishing the Cape Town and Gauteng distribution depots have been included in the results for the six months ended 31 August 2012.



The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 31 August 2012 are expected to be released on SENS during the week commencing 15 October 2012.
10-Aug-2012
(Official Notice)
Shareholders were advised that, at the annual general meeting of the company, all the resolutions as set out in the notice of the annual general meeting were passed, with the requisite majority.
08-Aug-2012
(Official Notice)
Further to the announcement dated 18 January 2012 wherein Taste advised shareholders about the acquisition by one of its wholly-owned subsidiaries, Buon Gusto Cuisine (Pty) Ltd. ("Buon Gusto"), of the The Fish - Chip Co. brand ("the business") operated by the Traditional Fish - Chips (Pty) Ltd. and Praxia Nathanael ("the sellers"), the board wished to further advise shareholders that:

* On 31 January 2012 Buon Gusto made a cash payment of R45 million directly to the sellers, in accordance with the provisions of the sale of business agreement ("agreement").

* The sellers handed over the business, and full control thereof, to Buon Gusto on 1 February 2012 and the business has since been fully integrated into the operations of Buon Gusto.

* A dispute subsequently arose in regard to the set-off account, which consists primarily of deposits paid by prospective franchisees to the sellers. Buon Gusto referred this dispute to its auditors for determination, in accordance with the provisions of the agreement.

* The sellers thereafter purported to cancel the agreement and have issued summons in this regard.

* Buon Gusto does not accept the purported cancellation and deems it to be entirely without foundation. It is defending the action and will file a counterclaim in due course. It is furthermore considering instituting various other actions to safeguard its rights, including enforcing the restraint of trade against the sellers and/or Stelio Nathanael.

* Taste's attorneys have advised that they anticipate the matter to be heard in the latter part of 2013.

Shareholders will be kept appraised of further developments.
12-Jul-2012
(Official Notice)
Shareholders are advised that the annual report for the year ended 29 February 2012 will be dispatched to shareholders on 12 July 2012 and contains no material modifications to the reviewed results for that year, which were released on SENS on 23 May 2012. Further disclosure relating to Corporate Services revenue has been made in the segment report, which has no impact on the financial results.



Notice of annual general meeting

Notice is given that the annual general meeting of shareholders of the company will be held on Friday, 10 August 2012 at 12:00 at the company's offices, 12 Gemini Street, Linbro Business Park, Sandton.
04-Jun-2012
(Official Notice)
The reviewed provisional condensed financial results for the year ended 29 February 2012 released on SENS on 23 May 2012 and published in the press on 24 May 2012 contained a dividend declaration which has been updated.



Notice is hereby given that a final gross cash dividend of 4.0 cents per ordinary share, payable out of income in respect of the year ended 29 February 2012, was declared by the directors. The total STC credits on which the relevant tax was paid at the time and utilised as part of this declaration amount to R7 835 251.64. The number of ordinary shares in issue at the date of this declaration is 195 881 291 and consequently the STC credits utilised amount to 4.0 cents per share. The gross dividend was therefore not subject to local dividends tax. The resultant net dividend amount was 4.0 cents per share. There were no further STC credits to carry forward and therefore the local dividend tax rate of 15% will apply to non-exempt shareholders on any future dividends paid by the company.



In compliance with the requirements of Strate, the electronic and custody system used by the JSE, the following dates are applicable:

*Last day to trade cum-dividend -- Friday, 29 June 2012

*Shares commence trading ex- dividend -- Monday, 2 July 2012

*Record date -- Friday, 6 July 2012

*Payment of dividend -- Monday, 9 July 2012

Share certificates may not be dematerialised or rematerialised between Monday, 2 July 2012 and Friday, 6 July 2012, both dates inclusive.
23-May-2012
(C)
Revenue for the year ended 29 February 2012 increased by 13% to R265.3 million (2011: R233.8 million). Gross profit rose by 10% to R133.9 million (2011: R121.9 million), operating profit was higher by 16% to R35.6 million (2011: R30.8 million), while profit attributable to equity holders of the parent jumped by 17% to R21.1 million (2011: R18 million). Furthermore, headline earnings per share climbed by 16% to 12.4cps (2011: 10.7cps).



Dividend to shareholders

Notice was given that a final gross cash dividend of 4.6353cps, payable out of income in respect of the year ended 29 February 2012 has been declared by the directors.



Prospects

The acquisition of The Fish - Chip Co. has added significant critical mass to the group and the food division, accelerating its vertical integration strategy as well as providing a beachhead into servicing lower LSM consumers. The group anticipates opening approximately 50 new Fish - Chip Co. outlets during the next six months, extending its market leader advantage. Notwithstanding the new-store growth and step-change increase in the food services division, the group is cautious with regard to recent trends in consumer spending, across all brands. Taste remains committed to being a diversified franchisor invested in retail and restaurant brands within Southern Africa. The group will continue to assess opportunities in line with its strategy and is focused in the short term on growing its jewellery division organically and integrating The Fish - Chip Co. acquisition in order to unlock value within the food services division.
02-Apr-2012
(Official Notice)
Taste is currently finalising its results for the year ended 28 February 2012 and shareholders are advised that the directors anticipate that the group will reflect basic and headline earnings per share as follows:

*Basic earnings per share -- between 12.1 and 12.7 cents (14% - 20% increase over February 2011).

*Headline earnings per between 12.0 and 12.7 cents (12% - 19% share increase over February 2011).



The company's results for the year ended 28 February 2012 are expected to be released on SENS during the week ending 25 May 2012.
06-Mar-2012
(Official Notice)
Taste announced the appointment of Mr. Sebastian Patel to the board as a non-executive director with effect from 5 March 2012.
08-Nov-2011
(Official Notice)
Shareholders are referred to the cautionary announcement, dated 17 October 2011, and are advised that Taste, through its wholly owned subsidiary, Buon Gusto Cuisine (Pty) Ltd ("the purchaser"), has entered into a sale of business agreement with The Traditional Fish - Chips (Pty) Ltd ("the seller") to acquire the business operated by the seller under the name The Fish - Chip Co. ("the agreement" or "the acquisition"). The effective date of the acquisition is 1 February 2012, or the first business day of the month following the date upon which the last of the suspensive conditions is fulfilled or waived, whichever is later ("effective date"). The agreement contains warranties normal for an acquisition of this nature.



Further cautionary announcement

The pro forma financial effects of the acquisition, the funding structure as well as the classification thereof will be announced in due course. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until such details are announced.

08-Nov-2011
(Official Notice)
31-Oct-2011
(Official Notice)
Shareholders are advised that Mrs Monika Pretorius has been appointed as the company secretary for Taste with effect from 1 November 2011. She takes over this responsibility from Mr Evan Tsatsarolakis, who is the company's Financial Director and who will remain in that position.
18-Oct-2011
(Official Notice)
The company is proud to report that Scooters Pizza (a subsidiary of Taste) won the brand builder of the year award as awarded by The Franchise Association of South Africa ("FASA"). The accolade was awarded to the Scooters Pizza brand at a gala evening on 15 October 2011, and is the fourth time the award has been won by the brand. Scooters Pizza was also nominated as a finalist in the prestigious franchisor of the year award, an award which was won in 2010 by Maxi's, another brand in the Taste stable.
17-Oct-2011
(Official Notice)
Shareholders are referred to the cautionary announcement dated 12 October 2011 and were advised that Taste is involved in negotiations regarding the acquisition of the business of The Fish - Chip Co. (www.fishandchipco.co.za) ("the acquisition"), arguably the largest chain by number of outlets in the take-away fish category, with over 160 franchised outlets mainly targeting the lower LSM consumer. If successfully concluded the acquisition may impact on the price of the company's securities. Accordingly, shareholders were advised to continue exercising caution when dealing in the company's securities until a further announcement was made.
12-Oct-2011
(C)
Revenue increased by 23% to R113.4 million (R92.5 million) and gross profit improved by 13% to R58.7 million (R51.8 million). Operating profit grew by 44% to R10.7 million (R7.4 million), while total income attributable to ordinary shareholders was up by 48% to R5.3 million (R3.6 million). Moreover, headline earnings per share jumped by 50% to 3.1cps (2.1cps).



Dividend

No interim dividend is declared for the current period.



Prospects

The directors anticipate that the group will continue to grow the contribution of the food services division as well as maintain current growth rates within the food brands in the near term. The closure of non-performing corporate-owned retail outlets in the jewellery division has increased the quality of earnings and recent increases in spend per transaction are contributing positively to sales. Despite these positive drivers, the group is cautious with regard to the potential negative effects of global financial concerns on local consumer confidence and the impact this could have on new store openings and consumer spending. In line with the group's stated intent, management is evaluating potential acquisitions in the food division as well as the implementation of a distribution capability.



Further cautionary announcement

Shareholders are referred to the cautionary announcement, dated 20 September 2011, and are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
29-Sep-2011
(Official Notice)
Taste is currently finalising its results for the six months ended 31 August 2011 and shareholders are advised that the directors anticipate that the group's earnings per share and headline earnings per share will increase by between 40% and 60% respectively when compared to the results for the six months ended 31 August 2010.



The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 31 August 2011 are expected to be released on SENS during the week commencing 10 October 2011.

20-Sep-2011
(Official Notice)
Shareholders are referred to the cautionary announcement, dated 8 August 2011, and are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
08-Sep-2011
(Official Notice)
Taste advised that the company's interim results for the six months ended 31 August 2011 are currently under review and it is expected that earnings and headline earnings per share for that period will be at least 20% above those of the comparable period. At this stage, the directors are unable to quantify, with any degree of certainty, the exact expected earnings and headline earnings per share for the six months ended 31 August 2011 and will release a further announcement containing such detail in due course.
08-Aug-2011
(Official Notice)
Shareholders were advised that Taste has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company`s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
05-Aug-2011
(Official Notice)
Shareholders were advised that, at the company's annual general meeting held on 4 August 2011, all the resolutions proposed thereat were duly passed by the requisite number of shareholders. The special resolutions will be filed with CIPC.
02-Aug-2011
(Official Notice)
Taste is pleased to announce the appointment of Mr. Wessel van der Merwe to the board as an independent non-executive director with effect from 1 August 2011.
11-Jul-2011
(Media Comment)
Business Day stated that, graduate to Johannesburg's main bourse, Taste Holdings, is looking for acquisition opportunities to double revenue over the next three years, amid rising competition with talk of the imminent entry of the US Burger King chain. In the next 24 months, Taste would be looking for opportunities, CEO Carlo Gonzaga said at a function last week to mark its move to the main board, from AltX. The move to the main board is more symbolic as the costs largely remain the same, said Noah Greenhill, senior GM: marketing and business development at the JSE. "its the choice of the issuer really". Taste which owns Scooters and St Elmo's pizza chains, and Maxi's listed on the AltX in 2006. It would be looking at expanding its pizza business after last year's purchase of the St Elmo's chain of 40 outlets, Mr Gonzaga said.
07-Jul-2011
(Official Notice)
Shareholders are advised that the annual report for the year ended 28 February 2011 will be dispatched to shareholders today (7 July 2011) and contains no material modifications to the reviewed results for that year, which were released on SENS on 24 May 2011. Notice is hereby given that the Annual General Meeting of shareholders of the company will be held on Thursday, 4 August 2011 at 12:00 at the company's offices, 12 Gemini Street, Limbo Business Park, Sandton.
28-Jun-2011
(Official Notice)
The directors of Taste announced that the JSE has approved the transfer of the company's listing from AltX to the "General Retailers - Apparel Retailers" sector of the main board of the JSE with effect from the commencement of business on Friday, 8 July 2011. The "General Retailers" sector classification is based on the 60% contribution by the Jewellery Division to the group's revenue.
25-May-2011
(Media Comment)
Business Report highlighted that Taste Holdings reported a fifteen percent increase in headline earnings to R18.2 million in the year to February as demand picked up in the second half, a trend which continued in the current financial year. Taste chief executive Carlo Gonzaga said Taste are reasonably satisfied with the results, especially as the first half of the year was tough.Mr Gonzaga added that the current positive sales trends in all brands indicated that the gap between inflation and the recent average salary increase of about 7 percent combined with two years of lower interest rates had finally created some headroom for cash-strapped consumers.
24-May-2011
(C)
Revenue was up 17% to R233.7 million (R199.6 million). EBITDA rose by 14% to R37 million and operating profit increased by 14% to R30.7 million (R26.9 million). Net attributable profit improved by 13% to R18 million (R16 million). In addition, headline earnings per share grew by 15% to 10.7c (9.3cps).



Dividend

A maiden final dividend of 3cps has been declared.



Outlook

Current positive sales trends in all the group's brands indicate that the gap between inflation and the recent median salary increases of approximately 7%, combined with two years of lowering interest rates, may finally have created some headroom for cash-strapped consumers. In the longer term, all the group's brands are in the early stages of brand re-imaging which will provide forward momentum for system-wide and same-store sales growth into the future. Similarly, the opportunities within the food services division to manufacture more of the basket of goods for its brands, as well as to distribute directly to outlets, will unlock substantial value from within the system.



Taste remains committed to being a diversified franchisor invested in retail and restaurant brands within southern Africa. The group will continue to assess opportunities in line with its strategy and is focused in the short term on growing its jewellery division organically; growing its portfolio of brands; and increasing the contribution from the food services division.
09-May-2011
(Official Notice)
Taste is currently finalising its results for the year ended 28 February 2011 and shareholders are advised that the directors anticipate that the group will reflect basic and headline earnings per share as follows:

*Basic earnings per share -- Between 10.4 and 10.8 cents (11% - 15% increase over February 2010).

*Headline earnings per share -- Between 10.5 and 10.9 cents (13% - 17% increase over February 2010).



The financial information on which this voluntary trading update is based has not been reviewed or reported on by the company's auditors. The company's results for the year ended 28 February 2011 are expected to be released on SENS during the week ending 27 May 2011.
28-Feb-2011
(Official Notice)
Taste advised that, as part of the succession plan announced on 24 August 2009 and 30 March 2010, Hylton Rabinowitz has resigned from his executive position at NWJ. During 2010, Mr Rabinowitz handed over his day to day and CEO responsibilities to Mr. Duncan Crosson and adopted a less active role at NWJ, focussing on working with the existing leadership team to ensure a smooth and successful transition. Hylton's role on the Taste board will change from an executive director to a non executive director with immediate effect.
31-Jan-2011
(Official Notice)
Taste is pleased to report that both its Food and Jewellery divisions experienced system-wide sales growth for December 2010 when compared to December 2009. The Food division, which consists of Scooters Pizza, Maxi's and St Elmo's; grew system-wide sales by 30% over December 2009. Same-store sales exceeded expectations with growth of 6% despite price reductions in the Pizza division (Scooters Pizza - St Elmo's) over the December 2009 period. January same-store sales have continued the positive trend with a further increase of over 6% anticipated for January, over the comparable period in 2010.



The Jewellery division, consisting of NWJ, grew system-wide sales by 10.7% when compared to December 2009. This is particularly pleasing as it is off a positive increase of 7% in December 2009 over December 2008. Same-store sales in this category were as expected due to delayed consumer spending as consumers took advantage of post-Christmas sales. As such, same-store sales for December 2010 declined 2.5% over the 2009 period, while January 2011 same- store sales are anticipated to increase 7% over January 2010.

27 Oct 2010 11:10:21
(Official Notice)
Shareholders were referred to the announcement, dated 30 September 2010, relating to the acquisition by Scooters Pizza (Pty) Ltd, a wholly-owned subsidiary of Taste, of the franchising, food manufacturing and distribution businesses operated by St Elmo's Trading Company (Pty) Ltd ("St Elmo's"), St Elmo's Advertising CC and Halben Foods CC ("the transaction"), which announcement did not contain the financial effects of the transaction.



Unaudited pro forma financial effects

The unaudited pro forma financial effects have been compiled from the unaudited consolidated financial results of Taste for the six months ended 31 August 2010 and appear below:

*EPS would have been 14.3% higher at 2.4cps, from 2.1cps

*HEPS would have risen by 9.5% to 2.3cps, from 2.1cps



Withdrawal of cautionary

Pursuant to the release of the financial effects of the transaction, the cautionary announcement is hereby withdrawn.
14 Oct 2010 10:19:36
(C)
Revenue for the interim period strengthened to R92.5 million (2009: R85.8 million). Gross profit increased to R51.8 million (2009: R46.8 million), but operating profit weakened to R7.4 million (2009: R9.0 million). Profit attributable to equity holders of the parent was slightly lower at R3.6 million (2009: R4.0 million). Furthermore, headline earnings per share remained constant at 2.1cps (2009: 2.1cps).



Dividend

In line with the group's prevailing policy, no dividend was declared for the 2010 period. It is Taste's medium-term intention to pay dividends, and the existing policy will be reconsidered during 2011 in light of market conditions and the anticipated cash requirements of the business.



Prospects

The directors of Taste believe that consumer spending will continue to be value-focused and muted in some segments. Despite this, the jewellery division has experienced unprecedented transactional increases offset somewhat by the decline in spend per transaction - both strong indicators that consumers are seeking value and that they are finding it at NWJ. The pilot of the concession opportunity continues until February 2011 when a decision will be made to expand it to other locations. The division will have added six new stores by year-end. The food division has made substantial advances on its vertical integration strategy, as well as adding a third brand to its portfolio with the acquisition of St Elmo's subsequent to the period under review. The sauce and spice manufacturing facility acquired complements the existing food processing facility that the division commissioned in 2009, and will accelerate the production of products for franchisees of the now larger food division. The St Elmo's brand will be developed after a period of review and repositioned. After a slow start to the year in terms of new store development, the division plans to develop 19 new outlets in the second half of the year, which, added to the 40 St Elmo's outlets, will see the division exceed 250 outlets by February 2011, setting a strong base for the vertical integration strategy and future acquisitive growth.
30 Sep 2010 09:13:18
(Official Notice)
31 Aug 2010 15:08:09
(Official Notice)
Shareholders were advised that Taste had entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a further announcement was made.
16 Aug 2010 15:41:32
(Official Notice)
Shareholders are advised that, at the company's annual general meeting, all the resolutions proposed thereat were duly passed by the requisite number of shareholders. The special resolution will be submitted to CIPRO for registration.
12 Aug 2010 11:30:51
(Media Comment)
Business Report highlighted that diversified franchise group Taste Holdings is due to announce a partnership with one of South Africa's major retailers. Experts predict that it may be another opportunity in the jewellery sector. Taste chief executive officer Carlo Gonzaga indicated that he was set on finding more growth opportunities in the food category, but earlier this year alluded to more jewellery opportunities.Gonzaga further added that Taste wanted to have a presence in at least four categories in the next three years.
21 Jul 2010 15:28:09
(Official Notice)
Shareholders are advised that the annual report for the year ended 28 February 2010 will be dispatched to shareholders today (21 July 2010) and contains no material modifications to the reviewed results for that year, which were released on SENS on 11 May 2010. Notice is hereby given that the annual general meeting of shareholders of the company will be held on Monday, 16 August 2010 at 12:00 at 12 Gemini Street, Limbo Business Park, and Sandton.
11 May 2010 09:40:13
(C)
Revenue increased by 46% from R136.3 million to R199.6 million in 2010.Gross profit increased to R105.9 million (2009:R82.9 million) and operating profit increased to R26.9 million (2009:R25.6 million). Profit attributable to ordinary shareholders decreased to R15.9 million (R21.4 million). Headline earnings on a per share basis decreased to 9.30cps (10.20cps).



Dividends per share

No final dividend was declared for the period under review.



Prospects

There is no doubt consumers have spent more freely in the last six months, but this has not happened to the extent that many expected. Consequently, the brand strategies and short-term tactics assume a slow recovery in disposable income, and a consumer mindset that is more value-conscious than ever before. The Food division will continue to expand its brands, capitalising on the recent sales growth being experienced in Scooters Pizza particularly, as well as driving new store growth through alliance partners and revamped outlets. The vertical integration of the food supply chain has commenced and the central kitchen will this year focus on creating a solid foundation for growth in the future. While discretionary consumer spend continues to be unpredictable in the Jewellery segment, the increased marketing, share-of-voice and store growth in the last year should position the brand well to have gained market share from competitors. The pilot store within Makro could prove a material future revenue stream, but unlikely during the current year. Taste remains committed to becoming a diversified franchisor invested in retail and restaurant brands within southern Africa. While the group will continue to assess opportunities in line with its strategy, Taste is focused on growing its current divisions profitably through organic growth opportunities such as Davidowns, the concession opportunities in the jewellery division; and cost containment through extracting synergies between the brands, particularly the head office support costs of the franchise divisions.
30 Mar 2010 10:07:32
(Official Notice)
The board of Taste announce that Mr Hylton Rabinowitz has extended his contract with Taste at least until 31 August 2011. Hylton founded NWJ over 25 years ago and when he sold it to Taste in August 2008, it included a manufacturing division and 70 outlets. In line with the company's succession plans Hylton will hand-over the role of Chief Executive Officer of the Taste Jewellery Division to Duncan Crosson, the current Chief Operating Officer. Duncan has been with the group for nine years and directly with NWJ since March 2009. Hylton's agreement to extend his contract and work with the future leadership of the Jewellery Division highlights his continued passion for the company he founded 25 years ago and further signals his support for the group's ongoing strategies. Hylton will continue to be an executive director of Taste.
05 Mar 2010 11:24:54
(Official Notice)
Taste is currently finalising its results for the year ended 28 February 2010 and shareholders are advised that the directors expect headline earnings per share to decrease by between 0% and 15% and earnings per share to decrease by between 20% and 40% compared to those for the year ended 28 February 2009. The expected decrease in EPS mainly relates to once-off income of R6.9 million in the form of negative goodwill recognised on the acquisition of NWJ Holdings (Pty) Ltd, included in EPS for the 2009 year.
18 Jan 2010 08:32:37
(Official Notice)
Food Division

System-wide sales increased 6.0% over December 2008, with Maxi's increasing system sales by 9.9% and Scooters Pizza by 2.3%. Same store sales in Scooters Pizza increased 2.0%, despite a decrease in spend per transaction of 3.7%. This decrease was due largely to the strategic price reduction implemented in March 2009 to focus on gaining market share through transactional increases and retaining the strong value positioning of the brand. Same store sales in Maxi's declined by 1.4%, largely due to the lower spending in the large shopping malls and as a result of the holiday period starting one week later than in December 2008.



Overall, these results

Were largely in line with expectations taking into account the higher base in December 2008 and the continued reduced consumer spending during 2009.



Jewellery Division

System-wide sales increased 7.0% while same store sales increased 2.5% over December 2008, despite an approximate 17% decline in spend per transaction as consumers continued the year-long trend of buying lower-ticket items in this category.



Overall, the sales-related results were better than expected, especially the increase in sales in the face of the expected decline in spend per transaction.



The group anticipates that consumers will continue their restrained spending patterns of the last year, and that the brands will continue to be well positioned by offering strong value for money offerings.
14 Oct 2009 09:12:00
(C)
Group revenue for the period increased 170% to R85.8 million. EBITDA increased 54% to R11.7 million. These increases were largely due to the NWJ acquisition effective on 1 August 2008. Headline earnings decreased 26% to R3.5 million. The decrease was attributable to the inclusion of finance costs relating to the NWJ acquisition.



Dividend

In line with the group's prevailing policy, no dividend was declared for the 2009 period. It is Taste's long term intention to pay dividends, and the existing policy will be reconsidered during 2010 in light of market conditions and the anticipated cash requirements of the business.



Prospects

Directors of Taste are mindful of the difficulty in interpreting these results due to non-comparability to the 2008 period. Taste is focussed on long term strategy, while adopting short term tactical responses to the current trading conditions. Since the NWJ acquisition, management have re-positioned the 25 year old brand through the launch of a more contemporary store image, evolved corporate identity, and a complementary marketing communication which will launch this year. During the last 12 months NWJ has maintained its position as having the highest per store marketing spend of the top four jewellery chains. New branding is aimed at attracting new consumers, and the brand is well positioned to gain market share. While the food segment has experienced growth challenges in the last year, the re-imaging of existing Scooters and Maxi's outlets will continue, and gain momentum. The markets in which the Taste brands trade have not been directly affected by job losses in the economy, and although not immediate, lower interest rates and inflation, will position the brands well, as consumers' disposable income improves.
08 Oct 2009 15:27:52
(Official Notice)
Taste is currently finalising its results for the six months ended 31 August 2009 and shareholders are advised that the directors expect the earnings per share to decrease by between 70% and 85% and headline earnings per share to decrease by between 35% and 50% compared to those for the six months ended 31 August 2008. The difference between the expected decreases in EPS and HEPS mainly relate to negative goodwill recognised on the acquisition of NWJ Holdings (Pty) Ltd ("NWJ") included in EPS for the 2008 period but excluded in determining HEPS.



HEPS were negatively impacted by the increase in the weighted average number of shares in issue as well as additional finance costs and amortisation charges recognised in the 2009 period as a result of the NWJ acquisition and conversion of the BJ's sites to Maxi's, without the benefit of a pro rata portion of the annual net profit of NWJ. The seasonal jewellery market in which NWJ trades traditionally resulted in NWJ generating approximately 70% of its annual net profit in the second half of the financial year as a result of the significantly increased sales over the December holiday period. NWJ was included for one month of the 2008 period and for the full 2009 period. In addition, comparable profitability in the food segment was impacted by lower number of store openings in the 2009 period compared to the 2008 period, and the associated lower comparable store-opening revenue.



The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 31 August 2009 are expected to be published on SENS during the week ending 16 October 2009.
24 Aug 2009 10:07:15
(Official Notice)
With effect from 1 September 2009, the following changes to the board of Taste will take effect:

*Evan Tsatsarolakis, the current financial director of the foods brands, will be appointed financial director and company secretary of Taste.

*Duncan Crosson, the current financial director and company secretary of Taste will remain on the board of Taste as an executive director also resign as company secretary of Taste and be appointed as the chief operating officer of NWJ Fine Jewellery (Pty) Ltd.
30 Jul 2009 12:00:21
(Official Notice)
Shareholders are advised that, at the company's annual general meeting held all the resolutions proposed thereat were duly passed by the requisite number of shareholders. The special resolution will be submitted to CIPRO for registration.
06 Jul 2009 11:04:53
(Official Notice)
Shareholders are advised that the annual report for the year ended 28 February 2009 will be dispatched to shareholders today (6 July 2009) and contains no material modifications to the reviewed results for that year, which were released on SENS on 13 May 2009.



Notice is hereby given that the annual general meeting of shareholders of the company will be held on Thursday, 30 July 2009 at 10h00 at the company's offices, 12 Gemini Street, Linbro Business Park, Sandton to transact the business as stated in the notice of annual general meeting forming part of the annual report.
26 May 2009 12:10:42
(Official Notice)
Taste Holdings Ltd wishes to advise that Mr David Buxton has resigned as of 30 June 2009 as alternate director to Mr Hylton Rabinowitz.
14 May 2009 11:12:12
(Media Comment)
According to the Financial Mail, Taste looks like a buy. Most of the increase in EPS may be due to the "negative goodwill" recognition of its acquisition of the NWJ jewellery chain, but even without this, the purchase of NWJ seems to be paying off.
13 May 2009 09:30:27
(C)
08 May 2009 12:56:48
(Official Notice)
The earnings per share for the year then ended to increase by between 75% and 85% and headline earnings per share for the year then ended to increase by between 25% and 35% over those for the previous corresponding period. The company's results for the year ended 28 February 2009 are expected to be published on SENS during the week ending 15 May 2009.
31 Mar 2009 09:24:53
(Official Notice)
Shareholders are advised that Mr Anthony Berman has been appointed, with effect from 01 April 2009, to the company's board as an independent non-executive director.
06 Oct 2008 09:16:57
(C)
Revenue for the interim period increased 95% to R31.8 million (R16.3 million). EBITDA rose by 51% to R7.6 million (R5 million). Headline earnings per share increased 7% to 3.6c (3.4c).



Dividend

In line with the company's growth strategy, no dividend was declared for the six month period.



Prospects

The directors anticipate that the economic challenges of the past twelve months will continue into the near future. Consumers are expected to gravitate to brands they know and trust, and that offer value for money. All three brands have already launched fresher, contemporary images that are showing positive year-on-year sales growth. As the systems gain momentum with the re-imaging they will gain market share, especially from smaller, less trusted brands. The brands are investigating different trading formats to fit current trading conditions and that will lower set-up costs. In this respect Maxi's has already launched a pilot store which is performing well. The penetration of the Maxi's brand into the Caltex network holds particular promise as does the re-imaging of NWJ outlets. The vertically integrated model, particular to the NWJ business, provides various opportunities to utilise the capacity of the manufacturing, sourcing and distribution division to unlock value. Taste will continue to assess opportunities to grow its current brands through acquisition - as was the case with BJ's and their conversion to Maxis - and to add further brands to its portfolio.
05 Aug 2008 11:38:28
(Official Notice)
Shareholders are referred to the announcements, dated 8 April 2008 and 3 July 2008, relating to the acquisition of the entire issued share capital of NWJ and are advised that all conditions precedent to the NWJ acquisition have been fulfilled and the effective date thereof will be 1 August 2008.



Appointment to the board

In terms of the NWJ acquisition, the company welcomes Mr Hylton Rabinowitz to its board, as an executive director, with Mr David Buxton as his alternate.
31 Jul 2008 12:01:32
(Official Notice)
The directors advise that, at the general meeting of the company?s shareholders held on 31 July 2008, the requisite majority approved:

* the acquisition by the company of the entire issued share capital of NWJ Holdings (Pty) Ltd; and

* the specific issue for cash of 3 387 097 ordinary shares at 62 cents each to agents in settlement of a portion of their fees.
24 Jul 2008 13:33:53
(Official Notice)
Shareholders are advised that, at the company?s annual general meeting held on Monday, 21 July 2008, all the resolutions proposed thereat were duly passed, by the requisite number of shareholders. The special resolution will be submitted to the Registrar of Companies for registration.
10 Jul 2008 15:27:40
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 9 June 2008 and are advised that caution is no longer required when dealing in the company's securities.
03 Jul 2008 10:24:15
(Official Notice)
Shareholders are referred to the announcement, dated 8 April 2008, relating to the acquisition of NWJ ("the transaction") and are advised that Taste and The Hylton Rabinowitz Family Trust and the D Buxton Family Trust ("NWJ Sellers") agreed to certain amendments to the original transaction.



Amendments to the transaction

Taste and the NWJ Sellers ("the parties") have agreed to reduce the multiple utilised in the calculation of the purchase price such that the purchase price payable by Taste is adjusted from R120 million to R101.5 million. In addition the NWJ Sellers will increase their equity participation in Taste, from the original R13.5 million, issued in Taste ordinary shares at 65 cents per share, to R25.9 million, issued in Taste ordinary shares at 62 cents per share, which is a reflection of the NWJ Sellers' ongoing commitment to Taste.



Circular to shareholders

Subject to JSE approval, a circular to shareholders, including revised listing particulars and a notice of a shareholders' general meeting, will be circulated to shareholders in due course. Shareholders will be notified once the transaction becomes unconditional.
30 Jun 2008 12:12:56
(Official Notice)
Further to Taste's audited condensed group results for the year ended 29 February 2008, published on SENS on 6 May 2008 ("the results"), the annual report was dispatched to shareholders on 28 June 2008. In preparing the final annual financial statements, reclassifications of certain line items were made. These reclassifications have had no effect on the net profit or equity contained in the results and therefore, no material modifications have been made to the financial information contained in the annual report.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders of the company will be held on Monday, 21 July 2008 at 10:00 at 12 Gemini Street, Linbro Business Park, Sandton.
09 Jun 2008 15:38:03
(Official Notice)
Shareholders are advised that Taste has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
06 May 2008 07:22:42
(C)
For the 2008 year, revenues increased 15% to R33.8 million (2007: R29.5 million). EBITDA margin improved from 31% for the six months ended August 2007, to 36% (2007: 37%) for the year ended 29 February 2008. Headline earnings for the second half of the year were 38% higher than for the first half of the year, while expenses for the comparable periods were 6% less. This was due to expenses being relatively higher in the first half of the year as a result of the group?s policy of investing in human resources ahead of anticipated growth. Headline earnings increased 28% from the previous period to R10.0 million (2006: R7.8 million), and attributable earnings increased 19% from the previous period to R10.0 million (2007: R8.4 million). Headline earnings per share increased 21% to 8 cents (2007: 6.6 cents).



Dividends

In line with the company?s growth strategy, no dividend was declared for the year.



Prospects

Despite the challenging trading conditions created by lower consumer spending due to higher interest rates and high input cost inflation, Taste?s brands are relatively well positioned to continue to offer consumers value and to see the cycle through. Not owning its manufacturing has proved beneficial in this climate, as Taste is able to source from various suppliers, thereby limiting its input costs relative to competitors, and remaining able to maintain the brands` strong value propositions. Both of Taste?s brands have the highest number of prepaid franchise fees for new stores in the last 12 months` history, which is promising in respect of new store openings for the coming year.
29 Apr 2008 12:29:26
(Official Notice)
Taste is currently finalising its results for the year ended 29 February 2008 and shareholders are advised that Taste?s headline earnings per share for the year ended 29 February 2008 are expected to increase by between 15% and 25% over those of the previous corresponding period. The company?s results for the year ended 29 February 2008 are expected to be published on SENS during the week ending 9 May 2008.
17 Apr 2008 09:13:33
(Media Comment)
Taste's acquisition of jewellery chain, NWJ Holdings, for R120 million, means that the company no longer sees itself as a fast-food franchising group, but rather a holding company for consumer-orientated franchise operations. Taste CEO Carlo Gonzaga was quoted in the Financial Mail as saying the company "could have stayed in its comfort zone by adding to its stable of food brands but ... management asked itself where the new opportunities lay". Management decided that Taste's strength was in understanding consumer brands and running a franchise operation. This means that Taste effectively becomes a holding company of independently managed business units.
08 Apr 2008 17:19:13
(Official Notice)
Taste has entered into an agreement with The Hylton Rabinowitz Family Trust and The D Buxton Family Trust for the acquisition of the entire issued share capital of NWJ Holdings (Pty) Ltd ("NWJ") with effect from 1 August 2008, or the eighth business day after the date upon which the last suspensive condition is fulfilled or waived, whichever is later. The NWJ acquisition is subject, inter alia, to the following conditions precedent:

* approval by Taste shareholders by no later than 31 August 2008;

* key management of NWJ entering into service agreements for a minimum period of two years, which service agreements shall include a restraint of trade for a minimum of three years after termination thereof;

* an unqualified audit opinion being issued in respect of the financial statements of the NWJ Group for the year ending 30 April 2008 by no later than 16 June 2008; and

* the necessary regulatory approvals which may be required, including but not limited to the Exchange Control Department of the South African Reserve Bank, the JSE, the Securities Regulation Panel, the Competition Commission and/or the Companies and Intellectual Property Registration Office are obtained by no later than 31 August 2008.



Shareholders are referred to the cautionary announcement released on SENS on 12 March 2008 and are advised caution is no longer required when dealing in the company?s securities.
12 Mar 2008 12:31:48
(Official Notice)
Shareholders are advised that Taste has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
10 Mar 2008 10:51:39
(Official Notice)
Taste has appointed Vunani Corporate Finance as its Designated Adviser and Sponsor and have resigned from its current Designated Adviser and Sponsor, Exchange Sponsors (Pty) Ltd.
27 Feb 2008 12:36:10
(Official Notice)
Shareholders are advised that Taste, the owner of the Scooters Pizza and Maxis`s brands, has entered into an agreement with BJ`s Franchising (Pty) Ltd, BJ`s Fast Foods CC and Chevron South Africa Ltd (Caltex) for the acquisition of BJ`s franchise agreements located in Caltex service station forecourts along the national highways within South Africa with effect from 1 March 2008.
22 Jun 2006 09:57:47
(Official Notice)
12 May 2006 12:04:16
(Media Comment)
In an interview with Moneyweb, Taste CE Carlo Gonzaga said that the group would list on AltX during June 06 at a price of 90 cps. He said that the group, comprising 91 Scooters and 39 Maxi's outlets differed from companies such as Famous Brands as "it did not supply to its franchisees". "We don't own the supply chain but do control it, so we negotiate with farmers and pork processors on franchisees' behalf. Owning the supply chain could be a constraint to growth at this stage. For example, we don't have to worry about getting more trucks for distribution if we more outlets are opened," said Gonzaga.



When asked why the group was pursuing a listing with a free float of only 20%, Gonzaga commented that the listing was necessary to accelerate growth of existing brands and assist franchises to secure top retail space where developers preferred to deal with listed companies. In addition, it was thought that the listing would make it easier to acquire other brands and provide flexibility for the funding of acquisitions.



Opening a Scooters franchise would cost in the region of R820 000 of which 40% would be payable in cash. A management fee of 7% of turnover as well as 5% of turnover in respect of royalty fees was payable. A Maxi's franchise costs around R1.9 million with management and royalty fees at 5% and 4% of turnover respectively.



Gonzaga said that at April 06 the group had already received R10 million in commitments from franchisees.

21 Apr 2006 11:06:36
(Media Comment)
Soon to be listed Taste Holdings said that it would use the R20 - R30 million which it hoped to raise on listing for acquisitions the first of which would more than likely happen by the end of 2006. The group comprises 83 franchised Scooters outlets and 39 Maxi's operations with a further 11 Scooters stores scheduled for opening by the end of the March 06 quarter. MD Carlo Gonzaga believed that the recently acquired Maxi's had enormous potential, in the year to Feb 06, the group generated a 55% rise in average store sales. For the year to Feb 2008, the group forecasted revenue from franchise businesses en excess of R500 million, up from the current R290 million.
19-Jun-2018
(X)
Taste is a South African-based management group that currently owns and licenses a portfolio of corporate owned and franchised specialist and formula driven Quick Service Restaurant (QSR), coffee and luxury retail brands housed within two divisions: Food and Luxury Goods.



Each of Taste's brands can be marketed and developed to be first choice in their segments in South Africa.



The group currently owns 131 outlets across both divisions. Taste's growth is driven by a strategic mix of corporate and franchisee owned stores. Corporate ownership provides hands-on control, quick implementation of decisions and deep understanding of each brand, while franchisee ownership reduce the group's capital requirements and unlocks value through vertical integration and volume purchasing.


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