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18-Oct-2017
(Official Notice)
Blackstar announced that the Notice of the Annual General Meeting has been posted to its shareholders. A copy of the Notice is available on the Company?s website (www.tisoblackstar.com).



Blackstar also announces that the Company's Annual General Meeting will be held at its registered office at at Berkeley Square House, Berkeley Square, Mayfair, London W1J 6BD on Tuesday 21 November 2017 at 10.00 am GMT (12:00pm SAST).



Blackstar further announced that its Integrated Annual Report for the year ending 30 June 2017 will be available on the Company?s website (www.tisoblackstar.com) today Wednesday, 18 October 2017. There have been no material changes for the period ended 30 June 2017 in the Integrated Annual Report since the Company?s results were announced on 27 September 2017.



Subject to shareholder approval, a final dividend of 0.25935 pence per Ordinary Share being 4.65912 South African cents per Ordinary Share in respect of the financial year ended 30 June 2017 will be paid on Friday 15 December 2017. The exchange rates have been fixed for the calculation of the Euro and Pounds Sterling equivalents based on the closing exchange rates on Wednesday, 20 September 2017 of EUR1=ZAR15.8771 and GBP1=ZAR17.9646



The final dividend will be paid from income reserves in accordance with the salient dates and times set out below:

* Last day to trade on the South African register : Tuesday, 21 November 2017

* Trading ex-dividend commences on the South African register : Wednesday, 22 November 2017

* Date of payment : Friday, 15 December 2017
27-Sep-2017
(C)
Revenue for the year shot up to GBP529.5 million (2016: GBP0.6 million) whilst operating profit lowered to GBP12.4 million (2016: GBP16.7 million). Loss from continuing operations narrowed to GBP0.4 million (2016: loss of GBP33.9 million). In addition, headline losses per share was GP0.72 pence per share (2016: loss of GBP15.79 pence per share).



Dividends

In determining dividends, the company considers its current financial flexibility, the expected net cash flows from assets, as well as expected strategic corporate actions. It also considers the current share trading price, and the opportunity to buy back Tiso Blackstar shares to enhance shareholder return. The Company places emphasis on making some dividend payments on an interim and final basis, with a view to growing the dividend over time. An interim dividend of 4.47275 South African cents (GBP0.28465 pence) per ordinary share was paid on 20 March 2017. The Tiso Blackstar Board has recommended a final dividend of 4.65912 South African cents (GBP0.25935 pence) per ordinary share, which is subject to shareholder approval at the next annual general meeting ("AGM"). The timetable for the dividend, which includes the record and payment dates, will be released along with the timetable for the AGM in due course.



Company outlook

The core businesses have evolved over the past year and we look forward to ongoing growth in H-C and continuous improvement in Media's performance.



Proceeds from the sale of our KTH investment will give Tiso Blackstar a stronger balance sheet and will position the Group to capitalise on future opportunities.



Although, tough economic conditions have persisted in making the business environment very challenging, particularly in the steel industry, management in the extended Group are taking the necessary steps to ensure operations stabilise and remain as profitable as possible. This includes focusing on profit margins, reducing working capital levels, an ongoing drive to reduce operating costs and a continuous search for innovative ways to increase revenue and add new income streams.

13-Sep-2017
(Official Notice)
Shareholders are advised that the company expects its earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ended 30 June 2017 to fall within the following ranges:



Earnings/(loss) per share

Cents per share and Pence per share (2017): 1.25 ? 4.65 and 0.10 ? 0.26

Cents per share and Pence per share (2016): (339.40) and (15.81)



Headline earnings/(loss) per share

Cents per share and Pence per share (2017): (14.33) ? (10.93) and (0.79) ? (0.64)

Cents per share and Pence per share (2016): (339.12) and (15.79)



Effective 1 July 2016, there was a change in the Group's status from an Investment Entity as defined in IFRS 10 and the subsidiaries Blackstar Holdings Group (Pty) Ltd. (formerly Times Media Group (Pty) Ltd.), Consolidated Steel Industries (Pty) Ltd., Robor (Pty) Ltd., and the company?s property subsidiaries are no longer carried at fair value but rather accounted for as deemed acquisitions of subsidiaries on 1 July 2016 and consolidated from this date forward. The net identifiable assets of these subsidiaries have been recognised on balance sheet at fair value on 1 July 2016 resulting in goodwill being recognised. Investments in associates, Radio Africa Ltd., Multimedia Group Ltd. and Cooper Communications Ltd., which were previously held at fair value have been equity accounted from 1 July 2016.



In accordance with IFRS, the comparative period ended 30 June 2016 has not been restated and is disclosed on a fair value basis as has been previously reported. For this reason the comparative EPS and HEPS differ between the 2016 and 2017 financial periods.
20-Jul-2017
(Official Notice)
Blackstar announced that, in accordance with paragraph 3.59(b) of the Listings Requirements of the JSE Ltd., shareholders are hereby informed that Mr Richard Thompson Wight has resigned from his position as non-executive director from 20 July 2017.
18-Jul-2017
(Official Notice)
Shareholders were advised of the following change to the capacity of a director of Blackstar:

The capacity of Mr Andrew David Bonamour (?Andrew?) has changed from non-executive director to chief executive officer (?CEO?) with effect from 17, July 2017. The board announced this appointment which has culminated as a result of the Company?s change in status from an Investment Entity to a consolidated group, its migration to the UK and in light of the fact that Andrew is the CEO of the Company?s investment advisor Tiso Blackstar SA (Pty) Ltd. as well as CEO of the Group?s core business Tiso Blackstar Group (Pty) Ltd. (previously Times Media (Pty) Ltd.)
06-Jul-2017
(Official Notice)
Following on from the announcement released on 13 December 2016 and 19 May 2017, the company announces that on 5 July 2017 it signed a share purchase agreement with KTH and Kagiso Trust Strategic Investments (Pty) Ltd. (?Kagiso?) whereby Kagiso has conditionally agreed to purchase the Company?s entire shareholding of 213 235 ordinary shares in KTH constituting 22.9% of KTH?s issued ordinary share capital (excluding treasury shares), held through its wholly owned subsidiary Tiso Blackstar Holdings SE (previously Tiso Blackstar (Cyprus) Public Ltd.) (the ?KTH Purchase?).



The KTH Purchase price, which is the same as previously announced, is R1.5 billion (approximately GBP88 million) and will be paid over an 18 month period.



As per the Company?s previous announcement, a portion of the proceeds will be applied to fully repay Tiso Blackstar?s term debt, which at 30 June 2017 was R407 million (GBP24 million). Tiso Blackstar also remains intent on paying a special dividend of R40 million (GBP2.3 million). The remaining funds will be held to be reinvested into media-focused investments in accordance with Tiso Blackstar?s stated strategy.



KTH is a leading black owned diversified investment holding company with investments in a broad range of sectors including media, insurance and services. As at 31 December 2016, the KTH investment was carried in Tiso Blackstar?s accounts at its estimated fair value less cost to sell of R1.5 billion (then GBP78 million) and separately disclosed as a non-current asset held for sale. During the six months then ended, pre-tax dividends amounting to R11 million (GBP0.6 million) were received from KTH.



The KTH Purchase is subject to the fulfilment of a number of suspensive conditions, including:

*Completion of KTH debt restructure;

*Approval by the Competition Authorities in terms of the Competition Act.

*KTH shareholder waiver of pre-emptive rights; and

*KTH shareholder approval in terms of s115(2)(a) of the Companies Act, No71 of 2008.



06-Jul-2017
(Official Notice)
Blackstar advised that, following the successful migration of its registered office from Malta to the UK, the Company?s listing will be transferred to a dual primary listing on the Main Board of the JSE with effect from commencement of trade on Thursday, 13 July 2017.
30-Jun-2017
(Official Notice)
Further to the announcement of 9 June 2017, Tiso Blackstar announced that Companies House in the United Kingdom has confirmed the registration of the company in England and Wales. Accordingly the company has requested the lifting of suspension in the company?s shares from Monday 3 July 2017 on both the AIM and the JSE.



Timetable

Set out below is the securities timetable for the transfer of the company from Malta to the UK (the ?Transfer?):

*Last date for Depositary Interests to trade with old ISIN: Monday, 26 June 2017

*Record date for Shares on the UK register: Close of business on Friday, 30 June 2017

*Termination of Depositary Agreement: Close of business on Friday, 30 June 2017

*Readmission of Shares to AIM: Monday, 3 July 2017

*Shares trade on AIM with new ISIN of GB00BF37LF46: Monday, 3 July 2017



For the purposes of trading on the JSE, the following timeframes should be noted:

*Last day to trade under the old ISIN: Monday, 3 July 2017

*Shares trade with new ISIN: Tuesday, 4 July 2017;

*Record date: Thursday, 6 July 2017;and

*Issue of new securities. Certificates posted/CSDP?s and brokers accounts updated Friday, 7 July 2017

*Share certificates may not be dematerialised or rematerialized between Tuesday, 4 July 2017 and Thursday, 6 July 2017, both days inclusive



Change of Auditors

Tiso Blackstar announced that, following the successful migration of its registered office from Malta to the United Kingdom, Deloitte LLP have been appointed as the company and Group auditors for the financial year ended 30 June 2017 effective Friday, 30 June 2017 in accordance with the resolution passed at the Annual General Meeting on the 15 December 2016.
26-Jun-2017
(Official Notice)
The Company has requested a temporary suspension of trading in its shares on AIM and the JSE to take effect from Tuesday 27 June 2017 in advance of the completion of its migration from Malta to the UK, in order to facilitate the timely disablement of its Depositary Receipts and other settlement arrangements. The only remaining condition to the migration is the registration of the company in the UK by Companies House, and this is expected during the course of this week. Following re-registration it is expected that the suspension will be lifted and the shares will be re-admitted to AIM with the new ISIN on the following business day.
20-Jun-2017
(Official Notice)
Further to the announcement made earlier, Tiso Blackstar confirms that, following the transaction in own shares on 19 June 2017, the Concert Party, as defined in the Circular published on 26 May 2017, now holds 34.97% per cent. of the Company?s total voting rights.
20-Jun-2017
(Official Notice)
Blackstar announced that on 19 June 2017 it purchased 471 084 ordinary shares of EUR0.76 each in the Company (the "Shares") at a price of R9.78 (GBP0.59) per share. The purchased Shares are expected to be held in treasury in accordance with applicable law.



The Company has a total of 268 291 260 shares in issue and, following the above purchase, excluding the treasury shares the issued share capital of the Company will be 265 307 827. The number of Shares purchased represents 0.1756% of the total shares in issue.



A total of 2 983 433 treasury shares are now held by the Company.
20-Jun-2017
(Official Notice)
The board Blackstar announced that at the EGM held on 20 June 2017, at 3rd Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the EGM were passed by the requisite majority.
09-Jun-2017
(Official Notice)
As Tiso Blackstar has previously announced on 20 November 2015 and 2 May 2017, the company will be migrating from Malta to the United Kingdom (the ?Transfer?). The Transfer will be complete on the date that the company is registered with the Companies House in the United Kingdom which is expected to be on or around Wednesday, 21 June 2017.



The company currently has in place arrangements pursuant to which Capita IRG Trustees Ltd., the Depositary, holds, through a custodian, the shares for shareholders wishing to settle and pay for interests through the CREST system and has issued dematerialised Depository Interests representing the underlying Shares which are held on trust for the holders of the Depository Interests. Following the Transfer, the company will be a UK incorporated company and its shares will be able to be held electronically and transferred in the CREST system. As such, following the Transfer, the Depository Agreements will be terminated and holders of Depositary Interests will have the Depositary Interests in their CREST accounts substituted with shares.



Application has been made for the re-admission to trading on AIM of the whole of the issued share capital of the company. Admission is expected, and the company?s shares will commence trading on AIM under its new ISIN of GB00BF37LF46, on the first business day following the completion of the Transfer.



For the purposes of trading on the JSE, the following timeframes should be noted for the change in ISIN:

*the last day to trade under the old ISIN will be the first business day following the completion of the Transfer;

*shares will commence trading under the new ISIN on the second business day following the completion of the Transfer; and

*dematerialised shareholders brokerage accounts will be updated with shares with the new ISIN on the forth business day following the completion of the Transfer.



An announcement with the exact dates for the change in ISIN, UK trading and settlement arrangements and the UK record date shall be published in due course.

26-May-2017
(Official Notice)
19-May-2017
(Official Notice)
The company announced on 19 May 2017 that it has received approval from the JSE Ltd (?JSE?) to transfer its listing from a secondary listing on Altx of the JSE to a dual primary listing on the Main Board of the JSE. The approval is subject to the Company's Articles of Association being amended to comply with the JSE Regulations and the successful Migration of the company to the United Kingdom.



Expected admission: Late June 2017.



The date from which the applicant's securities have been so traded:

The company was re-admitted to AIM on 8 June 2015 following completion of substantial acquisitions.



On 19 May 2017, the company announced an update on the conditional disposal of KTH referred to above, whereby KTH has conditionally agreed to repurchase the company?s entire shareholding of 213 235 ordinary shares in KTH constituting 22.9% of KTH?s issued ordinary share capital (excluding treasury shares) (?KTH Repurchase?). Accordingly, Tiso Blackstar and Kagiso Capital have agreed to cancel the initial sale and purchase agreement.



The KTH Repurchase price, which is the same as for the structure previously announced, is R1.5 billion (approximately GBP86 million) but will be paid over a 19 month period, with R1 billion (approximately GBP57 million) paid on or before 31 December 2017, and the balance on or before 31 December 2018. Save for the disposal of KTH referred to above, there has been no significant change in the financial or trading position of the group since 30 June 2016.



The directors of Tiso Blackstar Group SE have no reason to believe that the working capital available to it or its group will be insufficient for at least twelve months from the date of its readmission following completion of the Migration.



Details of the proposed Migration and the reasons for it were set out in the circular to shareholders dated 20 November 2015. A separate RNS dated 2 May 2017 sets out revised timings and some updates to the consequences of the proposals.



19-May-2017
(Official Notice)
02-May-2017
(Official Notice)
20-Mar-2017
(C)
08-Mar-2017
(Official Notice)
Tiso Blackstar Group SE is pleased to announce the appointment of Northland Capital Partners Ltd. as the Company?s nominated adviser and broker with immediate effect.
15-Dec-2016
(Official Notice)
The Board of Tiso Blackstar announces that at the AGM held on 15 December 2016, at 3rd Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the AGM were passed by the requisite majority.



The final dividend of 4.47275 South African cents per share was approved at the AGM and will be paid on 19 January 2017. The exchange rates used for the dividend calculation per the announcement on 21 October 2016 were previously miscommunicated.



For clarification, the exchange rates have been fixed for the calculation of the Euro and Pounds Sterling equivalents based on the closing exchange rates on Monday, 17 October 2016 of EUR1=R15.547 and GBP1=R17.236. No further changes have been made to the dividend timetable as previously announced on 21 October 2016.



13-Dec-2016
(Official Notice)
21-Oct-2016
(Official Notice)
Tiso Blackstar announces that the Notice of the Annual General Meeting has been posted to its shareholders today. A copy of the Notice is available on the company?s website (www.tisoblackstar.com).



Tiso Blackstar also announces that the company's Annual General Meeting will be held at its registered office at 3rd Floor, Avantech Building, St Julian's Road, San Gwann, SGN 2805 Malta on Thursday, 15 December 2016 at 10.00 a.m. (CET).



Tiso Blackstar further announces that its Annual Report for the year ending 30 June 2016 will be available on the company?s website (www.tisoblackstar.com) on Friday, 21 October 2016.



Subject to shareholder approval, a final dividend of 4.47275 South African cents per share will be paid during January 2017. The exchange rates have been fixed for the calculation of the Euro and Pounds Sterling equivalents based on the closing exchange rates on Monday, 17 October 2016 of EUR1=ZAR17.236 and GBP1=ZAR15.547.



The final dividend will be paid from income reserves in accordance with the salient dates and times set out below:

*Last day to trade on the South African register - Friday, 23 December 2016

*Trading ex-dividend commences on the South African register - Wednesday, 28 December 2016

*Trading ex-dividend commences on the UK register - Thursday, 29 December 2016

*Record date for shareholders recorded on the UK and South African registers -Friday, 30 December 2016

*Date of payment - Thursday, 19 January 2017



Share certificates may not be dematerialised or rematerialised between Wednesday, 28 December 2016 and Friday, 30 December 2016, both days inclusive, and transfers between the UK register and the South African register may not take place during that period. Dividend tax will be withheld from the amount of the gross dividend of 4.47275 South African cents per share paid to South African shareholders at the rate of 15% unless a shareholder qualifies for exemption. After the dividend tax has been withheld, the net dividend will be 3.80184 South African cents per share. There are no other taxes (foreign or otherwise) to be withheld from the dividend. The company had a total of 268,291,260 shares in issue (which includes 1,067,925 shares held in treasury). The dividend will be distributed by Tiso Blackstar Group SE (Malta tax registration number 995944033) and is regarded as a foreign dividend.





06-Oct-2016
(C)
29-Mar-2016
(Official Notice)
Tiso Blackstar announced the appointment of Harishkumar Kantilal Mehta (Harish Mehta) as a Non-Executive Director of the Company.
23-Mar-2016
(C)
23-Dec-2015
(Official Notice)
The Board of Tiso Blackstar announced that at the AGM held on 23 December 2015, at 3rd Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the AGM were passed by the requisite majority.





20-Nov-2015
(Official Notice)
22-Oct-2015
(Official Notice)
06-Oct-2015
(Media Comment)
According to Business Report investment holding company Tiso Blackstar announced that it was planning to move its AIM listing in London to the London Stock Exchange (LSE) to improve the company's visibility and share liquidity. Tiso Blackstar indicated that if the listing transfer was successful, then the company's shares would be simultaneously admitted to the main board of the JSE. Tiso Blackstar, which has interests that include media, industrial and property assets, said it was looking to buy more media assets in the rest of Africa.
05-Oct-2015
(C)
11-Sep-2015
(Official Notice)
Tiso Blackstar will be announcing its results for the six months ended 30 June 2015 on Monday 5 October 2015. On 15 June 2015, the Company changed its financial year end from 31 December to 30 June as a result of the acquisitions of shares in Times Media Group Ltd. and Kagiso Tiso Holdings (Pty) Ltd.
30-Jul-2015
(Official Notice)
15-Jun-2015
(Permanent)
Shareholders are advised that following readmission, the accounting reference date (date of financial year end) of Tiso Blackstar and its subsidiaries (?the Group?) is changed to 30 June. The Group intends to publish audited financial information for the six months to 30 June 2015 in September 2015.
11-Jun-2015
(Official Notice)
The board of Tiso Blackstar announced that at the AGM held on 9 June 2015, at 3rd Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the AGM were passed by the requisite majority.
05-Jun-2015
(Permanent)
The company?s name was changed from "Blackstar Group SE" to "Tiso Blackstar Group SE" effective 8 June 2015
08-Jun-2015
(Official Notice)
22-May-2015
(Official Notice)
20-May-2015
(Official Notice)
Following on from the shareholder approval at the extraordinary general meeting held on 23 March 2015, the Company?s name will be changed from ?Blackstar Group SE? to ?Tiso Blackstar Group SE? with effect from the completion of the current acquisitions. The Company currently trades under the LSE ticker ?BLCK? on AIM, and the share code ?BCK? on the JSE and after the change of name, will trade on AIM under the new LSE ticker ?TBGR? and will trade on the JSE under the new share code of ?TBG?. The current ISIN code of the Company is ?MT0000620113? and this will remain the ISIN code after the Change of Name.



The expected last day to trade under the old name of Blackstar Group SE will be Friday, 5 June 2015 and the record date for the Change of Name for JSE shareholders will be Friday, 12 June 2015. The effective date of the Change of Name will be Monday, 8 June 2015.
19-May-2015
(Official Notice)
Result of Extraordinary General Meeting (?EGM?) and confirmation that Times Media Group Limited (?TMG?) scheme of arrangement has become unconditional



The Board of Blackstar is pleased to announce that at the EGM held on 18 May 2015, at 3rd Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, the resolution put to the EGM was passed by the requisite majority. Shareholders are advised that the scheme of arrangement in terms of which Blackstar offered to acquire all ordinary shares in the issued share capital of TMG, excluding treasury shares and shares already owned by Blackstar or Blackstar (Cyprus) Investors Limited, (?Scheme?) had yesterday 18 May 2015 become unconditional. It is anticipated that the Scheme will be implemented on Monday, 8 June 2015, upon allotment and issue of the Blackstar shares to be issued under the Scheme and readmission of the enlarged issued share capital of Blackstar to AIM as set out in Blackstar?s Admission Document dated 30 April 2015.
30-Apr-2015
(Official Notice)
24-Apr-2015
(Official Notice)
Blackstar announced that the Notice of the Annual General Meeting has been posted to its shareholders. A copy of the Notice is available on the Company?s website (www.blackstar.eu).



Blackstar also announced that the Group's Annual General Meeting will be held at its registered office at 3rd Floor, Avantech Building, St Julian's Road, San Gwann, SGN 2805 Malta on Tuesday 9 June 2015 at 10.00 a.m. (CEST).



Blackstar further announced that its Annual Report for the year ending 31 December 2014 is available on the Company?s website (www.blackstar.eu).
24-Apr-2015
(C)
23-Apr-2015
(Official Notice)
Blackstar announced the appointment of ZAI Corporate Finance Ltd. as the Company?s nominated adviser and broker with immediate effect.
24-Mar-2015
(Official Notice)
The board of Blackstar announced that at the EGM held on 23 March 2015, at 3rd Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the EGM were passed by the requisite majority.



Completion of the proposed acquisition by Blackstar of all the ordinary shares in Times Media Group Ltd. (?TMG?) not already owned by it and its subsidiaries, and a 22.9% equity interest in Kagiso Tiso Holdings (Pty) Ltd. (the ?Acquisitions?) remains subject a number of conditions, including a vote of TMG shareholders. It is the company?s intention to publish a proposed timetable shortly to completion of the Acquisitions and when trading in the company?s shares will recommence.
27-Feb-2015
(Official Notice)
26-Feb-2015
(Official Notice)
Blackstar announces that a Notice of Extraordinary General Meeting (?Notice?) has been posted to its shareholders. A copy of the Notice is available on the Company?s website www.blackstar.eu/Publications.



Furthermore, the circular (?Circular?) regarding the proposed acquisition by Blackstar of all the ordinary shares in Times Media Group Ltd. not already owned by it and its subsidiaries, and a 22.9% equity interest in Kagiso Tiso Holdings (Pty) Ltd. (?the Acquisitions?) has been made available on the Company?s website (www.blackstar.eu/Publications) from 26 February 2015. The Extraordinary General Meeting (?General Meeting?) has been called for purposes of considering and, if deemed fit, approving, inter alia, the Acquisitions and various matters related thereto. As detailed in the Notice, the General Meeting will be held at the Company?s registered office at 3rd Floor, Avantech Building, St Julian's Road, San Gwann, SGN 2805 Malta on Monday, 23 March 2015 at 10:00 am (CET).



The expected timetable of the principal events is presented below:

* Publication of the Notice and the Circular on Thursday, 26 February 2015

* Record date to participate and vote at the General Meeting on Thursday, 19 March 2015

* Signed Forms of Proxy must reach the Company by Thursday, 19 March 2015

* General Meeting to be held on Monday, 23 March 2015 at 10:00 am (CET)

* Publication of the results of the General Meeting on Monday, 23 March 2015



Each of the times and dates in the above timetable is subject to change. If the Blackstar shareholders approve the Resolutions at the General Meeting, a number of steps necessary for the completion of the Acquisitions will remain outstanding, including cancellation of the admission of the existing Blackstar shares on AIM, the admission of Blackstar?s shares to trading on the Specialist Fund Market of the London Stock Exchange and the related publication by Blackstar of a prospectus in accordance with the Prospectus Rules. Its expected that these steps will be completed in sufficient time to enable the completion of the Acquisitions during the second quarter of 2015.
18-Feb-2015
(Official Notice)
08-Dec-2014
(Official Notice)
26-Sep-2014
(C)
Revenue from continuing operations fell to GBP6.5 million (GBP7.6 million). Operating profit decreased to GBP4.6 million (GBP4.7 million). Net attributable profit was GBP4.3 million (profit of GBP4.8 million). In addition, headline earnings per share decreased to GBP5.38pps (headline earnings per share GBP6.20pps).



Dividend

The board has resolved to declare an interim gross dividend of GBP0.49pps (ZAR9cps).



Outlook

The Blackstar balance sheet remains strong with a balanced investment portfolio, and the Group continues to generate good revenue and satisfying results. The cost base has been considerably reduced in both the South African and Maltese operations and any additional cash generated from investments will continue to be utilised to repay the financing.



Blackstar remains focussed on identifying potential investments which, consistent with its investment policy, will increase its income streams and facilitate the growth of the balance sheet.
14-Aug-2014
(Official Notice)
Shareholders are hereby advised that Blackstar Group SE has moved offices to Third Floor, Avantech Building, St Julian?s Road, San Gwann, Malta, SGN 2805 which also becomes the address of the Company's Registered Office with immediate effect.
01-Jul-2014
(Official Notice)
The board of Blackstar announce that at the AGM held yesterday, 30 June 2014, at 4th Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the AGM were passed by the requisite majority.



16-May-2014
(Official Notice)
Blackstar announces that the Notice of the Annual General Meeting has been posted to its shareholders. A copy of the Notice is available on the company's website (www.blackstar.eu).



The Group also announces that the Group's Annual General Meeting will be held at its registered office at 4th Floor, Avantech Building, St Julian's Road, San Gwann, SGN 2805 Malta on Monday 30 June 2014 at 10.00 a.m. (CEST).



Blackstar further announces that its Annual Report for the year ending 31 December 2013 will be available on the company's website (www.blackstar.eu) on 19 May 2014. Should the shareholder require a printed copy of the Annual Report, they must please complete the return slip included in the letter that has been posted to shareholder. The letter is also available on the company's website (www.blackstar.eu).
16-Apr-2014
(C)
Income for the year increased to GBP17.3 million (2012: GBP12.4 million). Operating profit rose to GBP12.2 million (2012: GBP7.6 million), while profit for the period attributable to equity holders of the parent doubled to GBP12.2 million (2012: GBP5.9 million). Furthermore, headline earnings per ordinary share was higher at GBP15.32pps (2012: GBP9.57pps).



Dividend

Given the strong performance of the company, the board has resolved to declare a final gross dividend of ZAR14cps (EUR0.96cps and GBP0.80pps) for the year ended 31 December 2013.



Outlook

Blackstar produced a pleasing set of results for the 2013 financial year achieving a record NAV of R1.3 billion at year end and a NAV per share of 1,620 cents (93 pence). Per Annexure A, the intrinsic NAV at 31 March 2014 amounted to R1.3 billion, and an intrinsic NAV per share of 1 641 cents (94 pence) which reflects continued growth in the value of Blackstar. The Group will continue to focus on growing and developing investments within the three pillars identified.



In line with this strategy, subsequent to year end, Blackstar acquired a further 9.1 million shares in TMG thereby increasing its shareholding to 32.3%. Of the acquisitions made post year end, 8.7 million shares acquired were financed through an access facility which was opened with a bank subsequent to year end. As previously mentioned, Blackstar also invested a further R22.0 million (GBP1.3 million) into Robor.



The Property division acquired a new property, situated in a good office and retail node of Cape Town, for an amount of R27.7 million (GBP1.6 million). The property, which comprises 1 600sqm of office space, already has a triple net lease for the next five years and the transfer is expected to be completed in the third quarter of 2014. Blackstar has paid a deposit of R2.7 million (GBP0.2 million) and the balance of the purchase price will be financed through third party debt.



The outlook for Blackstar remains optimistic - the Group has a solid balance sheet which includes a strong investment portfolio thereby providing a foundation for growth and the ability to pursue exciting opportunities that come Blackstar's way.
20-Jan-2014
(Official Notice)
Mr Wolfgang Andreas Baertz has resigned as a non-executive director of the Company effective 20 January 2014.
06-Dec-2013
(Official Notice)
Blackstar announced that on 5 December 2013 it purchased 25 000 ordinary shares of EUR0.76 each in the company (the "shares") at a price of R11.20 (GBP0.66) per share. The purchased Shares are expected to be held in treasury in accordance with applicable law.



The company has a total of 82 088 500 shares in issue and, following the above purchase, excluding the treasury shares the issued share capital of the company will be 81 039 587. The number of shares purchased represents 0.03% of the total shares in issue.
05-Dec-2013
(Official Notice)
Blackstar announces that on 4 December 2013 it purchased 63,808 ordinary shares of EUR0.76 each in the company (the "shares") at a price of R11.20 (GBP0.66) per share. The purchased Shares are expected to be held in treasury in accordance with applicable law.



The company has a total of 82 088 500 shares in issue and, following the above purchase, excluding the treasury shares the issued share capital of the company will be 81 064 587. The number of Shares purchased represents 0.08% of the total shares in issue.
29-Nov-2013
(Official Notice)
Blackstar announces that on 28 November 2013 it purchased 20 500 ordinary shares of EUR0.76 each in the company (the "shares") at a price of R11.20 (GBP0.67) per share. The purchased Shares are expected to be held in treasury in accordance with applicable law.



The company has a total of 82 088 500 shares in issue and, following the above purchase, excluding the treasury shares the issued share capital of the company will be 81 128 395. The number of shares purchased represents 0.03% of the total shares in issue.



A total of 960 105 treasury shares are now held by the company.
10-Oct-2013
(Official Notice)
Blackstar announced that over the two days, 8 October 2013 and 9 October 2013, it purchased a total of 50 000 ordinary shares of EUR0.76 each in the company (the "shares") at a price of R11.20 (GBP0.70) per share. The purchased Shares are expected to be held in treasury in accordance with applicable law.



The company has a total of 82 088 500 shares in issue and, following the above purchase, excluding the treasury shares the issued share capital of the company will be 81 148 895. The number of Shares purchased represents 0.06% of the total shares in issue.
01-Oct-2013
(Official Notice)
Blackstar announced that on 30 September 2013 it purchased a total of 48,250 ordinary shares of EUR0.76 each in the company (the "shares") at a price of R11.32 (GBP0.69) per share. The purchased Shares are expected to be held in treasury in accordance with applicable law.
30-Sep-2013
(C)
Revenue from continuing operations rose to GBP42.4 million (GBP39.4 million). Gross profit increased to GBP6.1 million (GBP5.5 million). Operating loss was recorded at GBP53 000 (profit of GBP12.8 million). Net attributable loss was GBP148 000 (profit of GBP18.8 million). In addition, headline loss per share GBP1.80pps (headline earnings per share GBP14.62pps).



Dividend

The board has resolved to declare interim gross dividend of GBP0.50pps (ZAR8cps).



Outlook

Blackstar has a strong balance sheet and the necessary resources available to invest in new ventures going forward. An area of focus will be the development and enhancement of BRE and we believe the next year will see both the BSOF and BF funds continue to develop and grow. TMG is proving to be an exciting opportunity for Blackstar and the company will continue to reap the benefits of the turnaround of this media group. Blackstar continues to look for opportunities to invest.





03-Sep-2013
(Official Notice)
Blackstar announced that it has sold 71 608 625 ordinary shares in Litha Healthcare Group Ltd. ("Litha") to Paladin Labs Inc. ("Paladin") (the "Disposal"). The Disposal, for a cash consideration of R196 923 719 (approximately GBP12.6 million), represents the remainder of Blackstar's interest in Litha and equates to a selling price of R2.75 per Litha share. The Disposal proceeds represent an internal rate of return ("IRR") of 47% and 3.57 times return on investment in South African Rand. Blackstar's total investment in Litha has generated an IRR of 35% and 4.03 times return on investment in South African Rand, over the seven year holding period.



Blackstar was a founding shareholder in Litha (formerly Myriad Medical) having invested in the business prior to its initial public offering in October 2006. Blackstar has been actively involved in Litha and the development of the business, as well as leading many of Litha's successful acquisitions and driving its growth in market capitalization from R100 million to R1.5 billion, with the Litha share price increasing over three times since listing. Litha's total profit before tax for the year ending 31 December 2012 was R196 767 000 (approximately GBP12.6 million).



As announced on 21 February 2012, Blackstar facilitated and underwrote Litha's acquisition of 100% of Pharmaplan (Pty) Ltd. from Paladin, and in the process sold 50% of its shares in Litha to Paladin (the "Initial Sale"). Post the Initial Sale, Blackstar became a minority investor owning 13.4% of the ordinary share capital of Litha. Blackstar is not a passive investor and as such decided to sell the remainder of its shares given it was no longer directly involved in the business. The proceeds of the Disposal are intended to be applied in accordance with Blackstar's investment policy.
01-Jul-2013
(Permanent)
On 1 July 2013, Blackstar undertook simultaneously a 250:1 share consolidation and split such that the share price and share statistics remained unchanged.
31-May-2013
(Official Notice)
Shareholders are referred to the announcement of 7 May 2013, wherein shareholders were advised, inter alia, of the proposed share consolidation and share split ("Share Consolidation and Share Split") and the results of annual general meeting announcement of 28 May 2013, wherein shareholders were advised that all resolutions put to the annual general meeting were passed, including those relating to the Share Consolidation and Share Split. Shareholders are advised that the special resolutions relating to the Share Consolidation and Share Split have been filed with the Maltese Registrar of Companies. Shareholders are further advised that the company's ISIN will change to ISIN: MT0000620113 as a result of the Share Consolidation and Share Split, in accordance with the salient dates and times set out below.



The salient dates and times relating to the Share Consolidation and Share Split are as follows:

* Announcement confirming that the special resolutions in respect of the Share Consolidation and Share Split have been filed with the Maltese Registrar of Companies on 31 May 2013

* Last day to trade for shareholders on the South African sub-register in order to be able to participate in the Share Consolidation and Share Split on 21 June 2013

* Listing and trading in new ordinary shares commences under new ISIN MT0000620113 on the JSE on 24 June 2013

* Last day to trade for shareholders on the AIM sub-register in order to be able to participate in the Share Consolidation and Share Split on 25 June 2013

* Last day to trade under ISIN: MT0000620105 on the AIM sub-register on 28 June 2013

* Record Date for the Share Consolidation and Share Split on both the South African sub- register and the AIM sub-register on 28 June 2013

* First trading day after completion of the Share Consolidation and Share Split on AIM on 1 July 2013

* Trading commences under new ISIN MT0000620113 on AIM on 1 July 2013

* CSDP/Broker accounts updated with the New Ordinary Shares on the South African sub- register on 1 July 2013

* Share certificates in relation to the new ordinary shares posted to shareholders on the South African sub-register on 1 July 2013.
28-May-2013
(Official Notice)
The board of Blackstar announced that at the AGM held on 28 May 2013 at 4th Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the AGM were passed.
24-May-2013
(Official Notice)
Blackstar announces that on 24 May 2013 it purchased a total of 1 250 000 ordinary shares of EUR0.76 each in the company (the "shares") at a price of GBP79p per share. The purchased shares are expected to be held in treasury in accordance with applicable law.



Following the above purchase, the company has a total of 82 088 422 shares in issue. Excluding the treasury shares the issued share capital of the company will be 74 938 422. The number of shares purchased represents 1.52% of the total shares in issue prior to such purchases.
17-May-2013
(Official Notice)
Shareholders of NBC ("NBC Shareholders") are referred to the combined circular by NBC and Blackstar to NBC Shareholders dated 28 March 2013 ("Circular"), setting out the particulars of the proposed scheme of arrangement between NBC and NBC Shareholders under section 114 of the Companies Act 71 of 2008, as amended, in terms of which Blackstar, or one of its wholly owned subsidiaries, will acquire the entire issued ordinary share capital of NBC (other than treasury shares held by subsidiaries of NBC and shares already held by Blackstar in NBC) ("Scheme").



NBC Shareholders are further referred to the joint announcement by NBC and Blackstar published on SENS on 26 April 2013, advising that at the general meeting of NBC Shareholders held on the same date, all of the resolutions required to implement the Scheme were passed by the requisite majorities of NBC Shareholders present and represented by proxy. NBC Shareholders are referred to the conditions precedent to the Scheme as detailed in the Circular ("Conditions Precedent"), and are advised that all Conditions Precedent have now been fulfilled and that the Scheme has accordingly now become unconditional.



It is anticipated that the Scheme will be implemented on 3 June 2013. NBC Shareholders are referred to the section entitled "Important dates and times in relation to the Scheme", in the Circular and to the timetable set out in the joint SENS announcement by NBC and Blackstar on 28 March 2013, which set out the remaining important dates and times relating to the Scheme.
07-May-2013
(Official Notice)
26-Apr-2013
(Official Notice)
Shareholders of NBC ("NBC Shareholders") were referred to the joint announcements by NBC and Blackstar published on SENS on 4 March 2013, 15 March 2013 and 28 March 2013, regarding the proposed scheme of arrangement between NBC and NBC Shareholders under section 114 of the Companies Act 71 of 2008, as amended, in terms of which Blackstar, or one of its wholly owned subsidiaries, will acquire the entire issued ordinary share capital of NBC (other than treasury shares held by subsidiaries of NBC and shares already held by Blackstar in NBC) ("the Proposed Scheme").



NBC Shareholders were further referred to the combined circular by NBC and Blackstar to NBC Shareholders dated 28 March 2013, setting out the particulars of the Proposed Scheme ("the Circular"), and also incorporating a notice calling for a meeting of NBC Shareholders on 26 April 2013 ("the Scheme Meeting").



NBC Shareholders were advised that the Scheme Meeting proceeded as scheduled, and all of the proposed resolutions, which are fully set out in the notice calling for a Scheme Meeting incorporated in the Circular, were passed by the requisite majorities of NBC Shareholders present and represented by proxy.



NBC Shareholders were referred to the section, entitled "Important dates and times in relation to the Scheme", in the Circular and to the timetable set out in the abovementioned SENS announcement of 28 March 2013, which sets out the remaining important dates and times relating to the Proposed Scheme.
26-Apr-2013
(Official Notice)
Blackstar announce the appointment of Richard Thomson Wight (Tom Wight) as a Non- Executive Director of the company.

19-Apr-2013
(C)
28-Mar-2013
(Official Notice)
15-Mar-2013
(Official Notice)
04-Mar-2013
(Official Notice)
08-Feb-2013
(Official Notice)
Blackstar announced that on 6 February 2013 and 7 February 2013 it purchased a total of 2 750 000 ordinary shares of EUR0.76 each in the company (the "shares") at a price of GDP79p per share. The purchased shares are expected to be held in treasury in accordance with applicable law.



Following the above purchase, the company has a total of 82 088 422 shares in issue. Excluding the treasury shares the issued share capital of the company will be 76 938 422. The number of shares purchased represents 3.35% of the total shares in issue prior to such purchases.
05-Feb-2013
(Official Notice)
Blackstar announced that on 4 February 2013 it purchased 2 400 000 ordinary shares of EUR0.76 each in the company (the "shares") at a price of GBP79p per share. The purchased shares are expected to be held in treasury in accordance with applicable law.



Following the above purchase, the company has a total of 82 088 422 shares in issue. Excluding the treasury shares the issued share capital of the company will be 79 688 422. The number of shares purchased represents 2.92% of the total shares in issue prior to such purchases.
07-Dec-2012
(Official Notice)
Blackstar's intrinsic net asset value (NAV) per share as at 30 November 2012 was GBP1.00 (31 October 2012: GBP1.02). Ordinary share price discount to NAV was 22% (31 October 2012: 26%).



Portfolio Summary

Blackstar's NAV at 30 November 2012 comprised investments in the following sectors:

*Health Care -- 35.8%

*Industrials -- 30.0%

*Media -- 24.2%

*Other -- 10.0%

*Net cash -- GBP24.6 million



Portfolio Performance and outlook

Since 31 October 2012, the intrinsic NAV per share increased by 0.2% in South African Rand and declined by 1.8% in Pound Sterling. During the period Blackstar disposed of its investment in New Bond Capital Ltd. at a premium of 8.1% to the carrying value at 31 October 2012. The increase in value was partly offset by the decline in value of Litha Healthcare Group Ltd. due to the decrease in its share price. During the period the South African Rand weakened by 6.6% against the Pound Sterling.



The investment portfolio continues to perform in line with expectations.
27-Nov-2012
(Official Notice)
As announced on 17 October 2012, on 12 October 2012 the Company received requisition from Anson Registrars Ltd. a/c DAMILLE (as nominee for, and acting on the instructions of Damille Investments Ltd.) (the "Requisitioning Shareholder") to call an extraordinary general meeting of the Company ("GM"), to propose two resolutions ("the Damille Resolutions"). The GM was held on 27 November 2012 at 10h00 CET at 4th Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta and the Board of Blackstar announced that the Damille Resolutions put to the GM were overwhelmingly rejected by shareholders. Excluding the Requisitioning Shareholder, 100.0% of the votes cast at the meeting (whether in person or by proxy) were voted against the Damille Resolutions.
23-Nov-2012
(Official Notice)
Blackstar announced that it has concluded an agreement for the sale of 147 278 527 ordinary shares in New Bond Capital Ltd (previously Mvelaphanda Group Ltd.) ("NBC") representing 28.3% of NBC's issued ordinary share capital to FirstRand Bank Ltd. ("FRB") (the "Disposal"). The Disposal is for a cash consideration of R333 million (GBP23.7 million), represents 100% of Blackstar's interest in NBC and equates to R2.26 per NBC share. The Disposal was done at a premium of 8.1% to its carrying value as reported by Blackstar on 8 November 2012, being the most recently published intrinsic net asset value for the investment.



Blackstar generated a 27.5% return on investment in South African Rand and 12.9% return on investment in Pounds Sterling, which equates to a 33.1% IRR and 15.4% IRR, respectively, over the 10 month holding period. Included in the returns shown above is the investment in Times Media Group Limited ("TMG") which was unbundled to NBC shareholders in September 2012. Blackstar owns 14 692 305 TMG shares which were valued at R13.50 per share based on the closing bid price on 21 November 2012 which equates to a total value of R198 million (GBP13.9 million).



Blackstar will continue to serve on the board of NBC as executives assisting with the process of returning capital to shareholders and running the administration function. Blackstar will continue to play a leading role in realising NBC's investment in Batho Bonke Capital.



Blackstar will continue to focus its attention on assisting TMG management in unlocking further value in TMG and Blackstar is optimistic about the long term prospects of the business.



Consistent with the capital management policy, the board intends to apply the significant majority of the cash proceeds from the Disposal to support Blackstar's existing investments and pursue the strong pipeline of attractive new investment opportunities that can deliver growth for all shareholders. The board intends paying a dividend to shareholders towards the end of the first quarter of 2013 with the quantum and timing to be announced with the full year results.
08-Nov-2012
(Official Notice)
Intrinsic NAV as at 31 October 2012



GBP - 31 Oct- 12

*NAV per share - 1.02

*Ordinary share price- 0.75

*Ordinary share price discount to NAV- 26%

*See through NAV per share- 1.04

*Total net assets- 83.7m

*Market capitalisation- 62.0m



ZAR- 31 Oct-12

*NAV per share- 14.24

*Ordinary share price- 10.74

*Ordinary share price discount to NAV- 25%

*See through NAV per share- 14.48

*Total net assets- 1,169.2m

*Market capitalisation- 881.6m



Portfolio Performance and outlook

Since 30 September 2012, the intrinsic NAV per share increased by 3.1% in South African Rand and declined by 1.2% in Pound Sterling. The increase in the intrinsic NAV per share in South African Rand was mainly due to increases in the share price of Litha Healthcare Group Limited, New Bond Capital (Previously Mvelaphanda Group Limited) (?NBC?) and Times Media Group Limited (?TMG?), while the decline in Pound Sterling was due to a weakening of the South African Rand against the Pound Sterling by 4.7%. During the period Blackstar completed the disposal of its services derivative investment. The disposal proceeds were applied against the Investec Bank Limited debt facility. All cash proceeds are held in Pound Sterling. The investment portfolio continues to perform in line with expectations.
02-Nov-2012
(Official Notice)
The company announced that it is convening a Requisitioned Extraordinary General Meeting ("EGM") at the request of Anson Registrars Ltd. a/c DAMILLE (as nominee for, and acting on the instructions of Damille Investments Ltd.) to be held on 27 November 2012, at 10.00am (CET) / 11.00am (SAST), at the registered office of the company, 4th Floor, Avantech Building, St. Julian?s Road, San Gwann, SGN 2805, Malta. A notice of the EGM, which provides information regarding the requisitioned resolutions including background information, the reasons why shareholders should vote AGAINST the resolutions and the board's recommendation to do so, will be distributed to the company's shareholders on Monday, 5 November 2012.
17-Oct-2012
(Official Notice)
05-Oct-2012
(Official Notice)
Since 31 August 2012, the intrinsic NAV per share increased by 3.7% in South African Rand and by 3.1% in Pound Sterling, mainly due to increases in the share price of Litha Healthcare Group Ltd. and Mvelaphanda Group Ltd. ("MVG") together with Times Media Group Ltd. ("TMG"), post the unbundling of MVG's shares in TMG to its shareholders. The acquisition by TMG of the entire issued ordinary share capital of Avusa Ltd., through a scheme of arrangement became operative on 25 September 2012. MVG unbundled its shares in TMG to its shareholders and consequently Blackstar now holds 11.6% of TMG directly.



Blackstar is in the process of completing the disposal of its services derivative investment. The disposal proceeds will be applied against the Investec Bank Ltd. debt facility and any proceeds realised to date have been set off against the outstanding debt balance to arrive at the net debt amount in the table above. The investment portfolio continues to perform in line with expectations.
05-Oct-2012
(Official Notice)
Blackstar announced that it has disposed of its listed services derivative investment via a series of on-market sales for cash consideration of R152 million, being a premium of 4.7% to its carrying value as reported on 31 August 2012, being the most recently published intrinsic net asset value for the investment.



Blackstar generated a 2.28 times return on investment in South African Rand and 2.04 times money on investment in Pounds Sterling, which equates to a 16% IRR and 14% IRR, respectively, over the six year and four month holding period. The majority of the disposal proceeds will be applied against the Investec Bank Ltd. debt facility that was taken out in January 2012. Blackstar will continue to focus its attention on unlocking further value from its current portfolio of investments and is now well positioned to pursue a range of interesting new investment opportunities.
20-Sep-2012
(Official Notice)
Shareholders are hereby advised that it has come to our attention that an accounting error was made in the calculation of the actual number of shares and weighted average number of shares as at 30 June 2012. The 3,200,000 treasury shares that were cancelled in January 2012 were, in error, not deducted from the number of shares in issue.



Both the actual number of shares, and weighted average number of shares in issue as at 30 June 2012 actually amount to 82,088,422 and were therefore incorrectly reflected as 85,288,422. This error only impacts the earnings per share, headline earnings per share and net asset value per share reported in the announcement released on Friday 14 September 2012.



This error has no impact on the intrinsic net asset value and intrinsic net asset value per share, as reported in the previous announcement.

14-Sep-2012
(C)
Revenue declined to GBP39.4 million (GBP49.3 million). Gross profit decreased to GBP5.5 million (GBP6.9 million). Operating profit staged a huge turnaround to GBP12.8 million (loss of GBP4.5 million). Net attributable profit soared to GBP18.8 million (GBP950 000). In addition, headline earnings per share staged a turnaround, surging to GBP14.07cps (loss of GBP4.26cps).



Outlook

The first half of 2012 has been successful for Blackstar. The group will continue to focus its attention on unlocking further value from its current portfolio of investments. Blackstar is now well positioned to pursue a range of interesting, new, net asset value ("NAV") enhancing opportunities.



More than 50% of Blackstar's shareholders are now South African based and the JSE listing is beginning to reflect the desired benefits we envisaged when we embarked on the secondary listing in August 2011. Blackstar's South African share continued to trade above its listing price subsequent to the declaration of special dividend in November 2011, which is indicative of the confidence that investors have in the Blackstar Group to provide consistent returns. Going forward, Blackstar will publish its results in both pounds sterling and South African rands. Blackstar is currently trading in line with its peer group in South Africa and the Board is confident that the current investments offer investors a solid platform for growth and further opportunities.
10-Aug-2012
(Official Notice)
Blackstar's net asset value per share amounted to 13.49c in July 2012 (June 2012: 13.18cps). Blackstar's total NAV amounted to R1.1 billion in July. Since 30 June 2012, the intrinsic NAV per share increased by 2.3% in South African rand and by 1.5% in pound sterling and the investment portfolio continues to perform in line with expectations.
09-Jul-2012
(Official Notice)
Blackstar released a net asset value update.

30 June 2012 - 31 May 2012

* NAV per share: 13.13 - 13.08

* Total net assets: 1082.3 million - 788 million.
03-Jul-2012
(Official Notice)
Blackstar announced that it has completed the disposal of 50% of its interest in Litha Healthcare Group Ltd., which was previously announced on 21 February 2012. The disposal proceeds have been applied against the Investec Bank Ltd. debt facility that was taken out in January 2012. Blackstar now holds 72 989 078 shares which represents 13.42% of the voting rights in Litha.
20-Jun-2012
(Official Notice)
The board of Blackstar announced that at the AGM held on 20 June 2012 at 4th Floor, Avantech Building, St. Julian's Road, San Gwann, SGN 2805, Malta, all resolutions put to the AGM were passed.
06-Jun-2012
(Official Notice)
Blackstar released their net asset value ("NAV") update, which revealed that the NAV for Blackstar for the period ended 31 May 2012 lowered slightly to 13.08. (30 April 2012: 13.16).



Portfolio summary

Blackstar's net asset value at 31 May 2012 comprised investments in the following sectors:

Rand millions and percentage of gross assets.

* Investment Holdings: 470.7 - 34.6

* Health Care: 463.5 - 34.0

* Industrials: 251.0 - 18.4

* Services: 126.1 - 9.3

* Other: 50.3 - 3.7

* Net debt: (287.9)



Portfolio performance and outlook

Despite the decline in the FTSE/JSE Africa All Shares Index of 3.7%, there were no significant changes to the intrinsic NAV per share in South African Rand since 30 April 2012. The investment portfolio continues to perform in line with expectations.
21-May-2012
(Official Notice)
The company announced that the transfer of the company's:

*registered office from the United Kingdom to Malta;

*tax residency from Luxembourg to Malta; and

*the consequential change to the company's ISIN from GB00B0W3NL87 to MT0000620105

(together the "transfer"), have been completed.



Due to the transfer, and in accordance with the AIM Rules, the company has this morning had its AIM admission cancelled and its shares then immediately readmitted to AIM with the new ISIN.



Accordingly, shareholders who held their shares in the company in CREST should have had their CREST account credited with new depository interests representing shares in the Company under the ISIN MT0000620105. Similarly, shareholders who held their shares in the company on the JSE should have had their CSDP/broker accounts credited with new dematerialised shares in the company under the ISIN MT0000620105.
21-May-2012
(Official Notice)
15-May-2012
(Official Notice)
On 10 February 2012 Blackstar received shareholder approval to transfer its registered office from the UK to Malta and establish its tax residence and principal place of business in Malta and terminate its principal place of business and tax residence in Luxembourg (the "Transfer"). While Blackstar is currently listed on the AIM market of the London stock exchange, as part of its redomiciliation in accordance with the AIM rules Blackstar must have its listing on AIM cancelled before immediately readmitting its shares. As such, Blackstar's current registered office is: Capita Company Secretarial Services, 2nd Floor, Ibex house, The Minories, London, EC3N 1DX. And, upon readmission: 4th Floor, Avantech Building, St Julian's Road, San Gwann, SGN 2805.
04-May-2012
(Official Notice)
Further to the company's announcement on 13 April 2012 in relation to the transfer of the company's registered office from the United Kingdom to Malta (the "transfer") and the consequential change to the company's ISIN from GB00B0W3NL87 to MT0000620105, the unexpected delay has now been resolved and the company announced the revised timetable for the readmission and the replacement of the company's existing ISIN following completion of the transfer, as set out below:

* Last day to trade on the South African register under ISIN: GB00B0W3NL87: Friday 18 May 2012

* Trading commences on the South African register under ISIN: MT0000620105: Monday 21 May 2012.
03-May-2012
(Official Notice)
There were no significant changes to the intrinsic NAV per share in South African rand since 31 March 2012. The intrinsic NAV per share in pound sterling decreased by 5p since 31 March 2012 mainly due to the weakening of the South African rand against pounds sterling by 3.3%. The investment portfolio continues to perform in line with expectations.
20-Apr-2012
(Official Notice)
On 10 February 2012 Blackstar Group SE ("Blackstar") received shareholder approval to transfer its registered office from the UK to Malta and establish its tax residence and principal place of business in Malta and terminate its principal place of business and tax residence in Luxembourg (the "Transfer"). While Blackstar is currently listed on the AIM market of the London stock exchange, as part of its redomiciliation in accordance with the AIM rules Blackstar must have its listing on AIM cancelled before immediately readmitting its shares. As such, Blackstar's current registered office is, Capita Company Secretarial Services 2nd Floor, Ibex house, The Minories, London, EC3N 1DX And, upon readmission: 4th Floor, Avantech Building, St Julian's Road, San Gwann, SGN 2805



Blackstar's current tax residence and principal place of business is: 58 rue Charles Martel, L-2134 Luxembourg, And, upon readmission: 4th Floor, Avantech Building, St Julian's Road, San Gwannm, SGN 2805
13-Apr-2012
(Official Notice)
Further to the company's announcement on 22 March 2012 in relation to the transfer of the company's registered office from the United Kingdom to Malta (the "transfer") wherein shareholders were advised that the company's ISIN will change from GB00B0W3NL87 to MT0000620105. Shareholders are further advised that the company has experienced a delay in the registration of the company with the Maltese Registry of Companies. The delay is anticipated to be resolved shortly.



Accordingly the company will publish an updated timetable for the readmission and the replacement of the company's existing ISIN in due course and the timetable published on 22 March 2012 should be disregarded.
12-Apr-2012
(C)
Blackstar declared their maiden final results for the year ended 31 December 2011. Revenue for the year ended 31 December 2011 was GBP91.1 million, gross profit came in at R12.2 million, loss from operations was GBP10.9 million, while loss for the period attributable to equity holders of the parent was recorded as GBP7.6 million. Furthermore, headline loss per ordinary share was GBP7.34ppc.



Current trading and outlook

New capital regulatory requirements, including those of Basel 3, are causing a shift on both a global and local front in regard to on-balance sheet investments held by commercial and investment banks. Their capital allocation reviews in regard to such investments is providing private equity groups with an avenue to source new deals.



2011 was a successful year for Blackstar. I feel the consolidated financial statements prepared under International Financial Reporting Standards ("IFRS") do not give a full reflection of this success, mainly due to the discontinued operations representing the disposal of the investment in Ferro, the restructuring of Blackstar's exposure to its steel interests and the lower value of our Litha investment, which is equity accounted as an associate rather than carried at fair value.



As a result I recommend that shareholders refer to Annexure A, which provides shareholders with a true understanding of the value inherent in Blackstar's portfolio. The intrinsic net asset value ("NAV") of R13.23 (GBP1.09) at 31 March 2012, reflects the solid asset base and strong financial position of the company. The move to Malta will significantly reduce the administrative and legal costs which arise from being present in two jurisdictions. Blackstar also believe that Malta will be the most efficient jurisdiction for the company with respect to distributions to shareholders. The group will continue to focus its attention on unlocking further value from its current portfolio of investments as evidenced by some of the abovementioned post year-end transactions. Blackstar's strong balance sheet has positioned it favourably to pursue a range of interesting new NAV enhancing opportunities in 2012.
22-Mar-2012
(Official Notice)
On 10 February 2012 Blackstar received shareholder approval to transfer its registered office from the UK to Malta and establish its tax residence and principal place of business in Malta and terminate its principal place of business and tax residence in Luxembourg (the "Transfer").
22-Mar-2012
(Official Notice)
Further to the company's announcement on 10 February 2012 in relation to the transfer of the company's registered office from the United Kingdom to Malta (the "transfer") the company's ISIN will change from GB00B0W3NL87 to MT0000620105. Shareholders on the South African register should note that the transfer will not trigger a similar requirement for the company's admission to trading on Alternative Exchange of the JSE ("AltX") to be cancelled and readmitted and save for the change in the ISIN, company's listing on the AltX will not be affected. The timetable for the readmission and the replacement of the company's existing ISIN following completion of the transfer is set out below:

* Last day to trade on the South African register under ISIN GB00B0W3NL87: Friday 20 April 2012.
21-Feb-2012
(Official Notice)
10-Feb-2012
(Official Notice)
At the extraordinary general meeting of Blackstar's shareholders all resolutions were duly passed, including those relating to the proposed transfer of the company's registered office from the United Kingdom to Malta (the "transfer").



Following Blackstar's shareholders' approval of the transfer, Blackstar's management shall in accordance with Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European company, take all steps necessary to effect the transfer. It is expected the transfer will become effective during March 2012.



The London Stock Exchange has informed the company that completion of the Transfer will trigger a requirement for the company's admission to trading on AIM to be cancelled, with the company able to seek readmission to AIM immediately thereafter. The London Stock Exchange has granted the company permission to apply for readmission using the London Stock Exchange's AIM Designated Market route ("ADM route"). The ADM route requires the company to issue an AIM Schedule One announcement at least 20 business days before the expected date of readmission to AIM which announcement shall include, amongst other things, all information that is equivalent to that required for an admission document and which is not currently in the public domain. Readmission is also expected to occur during March 2012.



As a result of the transfer, the company will need to, amongst other things: (a) change its ISIN; and (b) give effect to certain depositary interest arrangements to enable investors to continue to settle and pay for interests in Blackstar shares in CREST, as detailed in the circular dated and sent to Blackstar shareholders on 7 December 2011. The company will make an announcement regarding details of the new ISIN and a timetable for both the replacement of the existing ISIN and the depositary interest arrangements when arrangements have been finalised with the relevant authorities.
08-Dec-2011
(Official Notice)
07-Dec-2011
(Official Notice)
Following the announcement made by the company on 29 November 2011, Blackstar wishes to inform shareholders that, in accordance with the Article 8 of Council Regulation (EC) No 2157/2001, it has today posted a circular to shareholders and expects an announcement to be published in the London Gazette both of which relate to the proposed transfer of the company's registered office from the UK to Malta and its tax residence from Luxembourg to Malta, which (if approved) shall result in the closure of the company's principal establishment in Luxembourg.



The shareholders meeting at which the transfer resolutions will be considered, notice of which is contained within the circular, will be held on or around 10 February 2012 and (assuming that shareholders approve the resolutions) it is expected the transfer will become effective during March 2012. A copy of the circular will be submitted to the National Storage Mechanism and will be available for viewing online at the following web-site address http://www.hemscott.com/nsm.do The circular is also available for download from the web-site www.blackstar.lu
29-Nov-2011
(Official Notice)
Following the announcement made by the company on 28 October 2011, the company inform shareholders that it has begun the process to transfer the company's registered office and the tax residence to Malta. The necessary filing to commence this process was made at Companies House on 28 November 2011 and, in accordance with the Article 8 of Counsel Regulation (EC) No 2157/2001, it is currently expected that an announcement shall be published in the London Gazette and a circular shall be posted to shareholders by Friday 9 December 2011.



The shareholders meeting at which the transfer resolutions will be considered, notice of which will be contained within the circular to be posted to shareholders by Friday 9 December 2011, will be held on or around 10 February 2012 and (assuming that shareholders approve the resolutions) it is expected the transfer will become effective during March 2012.

28-Oct-2011
(Official Notice)
21-Oct-2011
(Official Notice)
Blackstar announced the appointment of Liberum Capital Ltd as nominated adviser and broker to the company with immediate effect.
06-Oct-2011
(Media Comment)
The Financial Mail reported that Blackstar has acquired around 3% of Taste Holdings Ltd's ("Taste's") issued shares in a little over three months. Blackstar has shown an ability to invest successfully in small cap stocks on the JSE, such as Litha Healthcare Group Ltd. Blackstar CEO Andrew Bonamour says Taste is beginning to show some of the qualities that Famous Brands Ltd possesses. Bonamour added that he likes Taste's offering and management.
26-Sep-2011
(Media Comment)
According to Business Report, The Blackstar Group would ditch more businesses it had invested in to make way for new investments that would unlock shareholder value, it said on Friday. Announcing its results for the six months to June, the AltX-listed investment company said it expected to conclude the sale of Ferro Industrial products (Ferro), a Brakpan-based manufacturer of a range of colours and coatings, by October. Blackstar which holds a 54 percent stake in Ferro, would sell this business for GBP18.2 million (R232.9m). The realisation would generate an internal required return rate of 72 percent in pounds sterling, the company said. In the short to medium term, Blackstar was also planning to exit from Stalcor, a distributor of stainless steel and aluminium. "Stalcor has struggled in the operating environment prevalent within the steel sector in South Africa due to the trading nature of its business. The trading environment has led to very tight working capital conditions. However, we anticipate that the business should have stabilised by the end of 2011," it said.
23-Sep-2011
(C)
These are Blackstar's first interim results since listing on the JSE's Altx. Revenue was recorded at GBP49.3 million and gross profit amounted to GBP6.9 million. A loss of from operations was recorded at GBP739 000, while profit for the period attributable to ordinary shareholders came in at GBP950 000. In addition, headline earnings per share was at GBP4.26pps.



Dividend

The board of Blackstar intends paying a special dividend of GBP5.5 million to its shareholders in line with our recent announcement on the Company?s capital management policy. This equates to 6.5pps including this special dividend, Blackstar will have returned GBP18.5 million to investors since inception.



Outlook

Over the past two years, the Board of Blackstar has been focused on closing the discount between net asset value and share price as well as increasing the tradability of the Blackstar shares. Largely due to the company's on- going buy-back policy and the commencement of dividend declarations, Blackstar's share price increased some 10% during the period under review from 77 pence to 85 pence. From June 2009 to June 2011 the share price has appreciated 52%. Since listing on Altx of the JSE in South Africa, the Blackstar share price in South Africa has risen 10%. An important variable to Blackstar?s results is the Pound Sterling/South African Rand exchange rate which is volatile during these uncertain times. The Board of Blackstar is now focussing on growing the asset base and scale of the Group. Blackstar has an active pipeline and hopes to conclude further transactions in the near term. The company has a strong balance sheet. Despite the fact that the operating environment for many of the Blackstar?s subsidiaries and investments remains subdued, the company's interests are well managed and have good prospects for the future.
05-Sep-2011
(Official Notice)
31-Aug-2011
(Official Notice)
The company's issued share capital comprises 85 288 422 ordinary shares, each of which has a nominal value of EUR0.76 and one vote. The company does not hold any ordinary shares in treasury. Therefore, the above figure of 85 288 422 ordinary shares may be used by the company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the company under the FSA's Disclosure and Transparency Rules.
15-Aug-2011
(Official Notice)
Blackstar announced that it has entered into a conditional agreement for the sale of its 54 per cent shareholding and shareholder loans in Ferro Industrial Products (Pty) Ltd ("Ferro") for R200 million, to be paid in cash. Additionally, Blackstar has entered into a forward foreign exchange contract to convert the South African rand proceeds to Pounds Sterling at a rate of R10.9982 - GBP1. As a result of the forward foreign exchange cover taken out by the company, the disposal proceeds amount to GBP18.2 million, equating to a return on investment of 4.0 times money and a 72% IRR in Pounds Sterling over the two year and nine month holding period and is at a premium of GBP0.7 million to the intrinsic carrying value of Ferro as of 31 December 2010.



Ferro is a manufacturer and supplier of a specialised range of powder coatings, black and white plastic master batches as well as high quality porcelain enamels, glaze frits and glass coatings. Blackstar completed a leverage buyout of Ferro in January 2009, acquiring 54% of Ferro with management holding the balance. Since investing, Ferro's EBIT (earnings before interest and taxation) increased significantly and the business was able to generate good cash flows through the business cycles, enabling it to decrease its debt and enhance value. The sale agreement is subject to the fulfilment of certain suspensive conditions which are standard in a transaction of this nature including the approval of the South African Competition Authorities. The transaction is expected to complete in the second half of 2011.
08-Aug-2011
(Official Notice)
Private placement applicants are referred to the abridged prospectus, as published on 18 July 2011, relating to the private placement by the company of ordinary shares, at an issue price of the Rand equivalent of GBP0.85 (eighty five pence) per ordinary share, and the subsequent secondary listing of Blackstar on the Altx of the JSE Ltd.



Pursuant to the private placement, the company successfully placed 10 467 240 Blackstar ordinary shares with qualifying investors at an issue price of R9.53 per ordinary share (the Rand equivalent of the 85 pence per ordinary share), for an aggregate subscription amount of R100 million. Based on the exchange rate below, the Company received applications for a pounds sterling equivalent of approximately GBP 8 897 154. The 85 pence issue price was converted to South African Rand from Pounds Sterling at an exchange rate of R11.21:GBP1.



Private placement applicants are hereby advised that they will receive the full allocation of ordinary shares for which applications were submitted. The company will list its ordinary shares as a secondary listing on the Altx under the abbreviated name "Blackstar", JSE share code "BCK" and ISIN: GB00B0W3NL87, with effect from the commencement of trade on Friday, 12 August 2011. The private placement ordinary shares will be transferred to the private placement applicants on a delivery versus payment basis on Friday, 12 August 2011.

08-Jun-2015
(X)
Tiso Blackstar is an investment holding company that targets listed and unlisted investment opportunities where it can play an active role, working with management teams, and leverage off Blackstar's financial and business experience and network in order to enhance value.



Tiso Blackstar was founded by Andrew Bonamour in 2005 and listed on AIM in London in early 2006 after raising GBP80 million, before expenses, to pursue special opportunities that would capitalise on the developments and changes taking place on the African continent.



Tiso Blackstar has developed a long term track record of out-performance and has an experienced investment advisory team that have complimentary backgrounds and are based in Johannesburg.



Tiso Blackstars investment style incorporates best practices from value investing, growth investing, event driven investing and opportunism. Fundamental analysis and extensive due diligence are at the core of the investment process.


Send e-mail to for any enquiries or see Contact Details for phone numbers
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