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02-Oct-2018
(Official Notice)
During 2018, Unicorn Capital completed a three-year restructuring exercise, which included closing, merging and recapitalizing businesses in its portfolio of investments. As previously communicated, the Company?s focus and strategy shifted from being a diversified mining and mining services group to an investment holding company.



In light of this strategy, Unicorn Capital has continued to assess various options in respect of optimising its investment portfolio and unlocking capital to pursue further value accretive investments which have good investment characteristics and yield attractive returns on capital (?Portfolio Optimisation?). As part of the Portfolio Optimisation process, Unicorn Capital is considering various options in relation to Nkomati Anthracite Proprietary Limited (?Nkomati?), including, but not limited to, a disposal of Unicorn Capital?s shareholding in Nkomati.



As a result, Unicorn Capital has appointed Nedbank Limited, acting through its Corporate and Investment Banking division, to act as exclusive investment bank and corporate advisor to Unicorn Capital to identify possible acquirors of Unicorn Capital?s investment in Nkomati. Further announcements will be made as and when appropriate.
28-Sep-2018
(C)
21-Sep-2018
(Official Notice)
Shareholders are advised that, for the year ended 30 June 2018:

- the headline loss per share is expected to be 0.25 cents (2017: loss of 6.95 cents per share), being an improvement of 96.4%; and

- the earnings per share is expected to be 1.45 cents (2017: loss of 10.34 cents per share), being an improvement of 114%.



Unicorn is in the process of finalising its results for year ended 30 June 2018, which will be released on SENS on or about 28 September 2018.
28-May-2018
(Official Notice)
28-Mar-2018
(C)
Revenue for the interim period lowered to R587.1 million (R615.4 million) whilst operating profit multiplied to R12.0 million (R3.0 million). Profit attributable to owners came to R12.5 million (loss of R86.0 million). In addition, headline loss per share from continuing operations improved to 0.05cps (earnings of 0.17cps).
02-Mar-2018
(Official Notice)
Accordingly, shareholders are advised that, for the six months ended 31 December 2017, the Company is expected to achieve:

*a basic earnings per share of between 0.97 and 1.12 cents, being an increase of between 113.1% and 115.1% compared to the loss reported for the previous corresponding period of 7.40 cents per share;

*a headline loss per share of between 0.13 and 0.11 cents, being an improvement in the loss per share of between 96.8% and 97.3% compared to the loss reported for the previous corresponding period of 4.01 cents per share; and

*a basic earnings per share from continuing operations of between 0.66 and 0.78 cents, being an improvement in the profit per share from continuing operations of between 182.5% and 197.5% compared to the loss reported for the previous corresponding period of 0.80 cents per share.



The financial information on which this trading statement is based has not been reviewed or reported on by the Company?s auditors.



Unicorn?s financial results for the six months ended 31 December 2017 are expected to be released on or before 29 March 2018.



24-Nov-2017
(Official Notice)
Notice is given that the company's Annual Compliance Report, in terms of section 13G(2) of the Act, is available on the company?s website: www.unicorncapital.co.za.
23-Nov-2017
(Official Notice)
Shareholders are advised that at the Annual General Meeting of Unicorn shareholders held today, 23 November 2017, the special and ordinary resolutions proposed thereat, were approved, other than Ordinary Resolution number 9 (which, in terms of the Listings Requirements of the JSE Limited, required a 75% majority of the votes cast in favour thereof), by the requisite majority of votes as set out below. The total number of Unicorn ordinary shares in issue is 1 167 564 491 shares of which 941 701 648 shares were voted at the Annual General Meeting, representing 81%.

08-Nov-2017
(Official Notice)
29-Sep-2017
(C)
The following results are the first full 12 months final results following the change in year end and therefore are incomparable to the previous period's 15 months final results. Revenue came in at R1.1 billion whilst an operating loss of R22.9 million was recorded. Loss attributable to owners was R120.2 million. Furthermore, headline loss of shares from continuing operations was 1.93cps.



Notice of the annual general meeting

Notice is hereby given in terms of section 62(1) of the Companies Act 71 of 2008, as amended ("Companies Act"), that an annual general meeting of shareholders of the company will be held at Ground Floor, Building 14, The Woodlands Office Park, Woodlands Drive, Woodmead, at 10:00 on Thursday, 23 November 2017, to consider and, if deemed fit, to approve the resolutions set out in the notice of the annual general meeting, which is contained in the Integrated annual report.



The board of Unicorn 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 participate in and vote at the annual general meeting is Friday, 17 November 2017. Accordingly the last day to trade Unicorn shares in order to be recorded in the register be entitled to vote will be Tuesday, 14 November 2017.



Company outlook

Our focus will continue to be on each business' individual requirements, drivers and dynamics to determine what is required in each to remain competitive and be profitable. Our sole aim remains to deliver attractive returns on capital to our shareholders over time and by doing so outperform the market.
21-Sep-2017
(Official Notice)
Shareholders are referred to the trading statement released by the Company on 15 September 2017.



In terms of the JSE Listings Requirements, if after publication of a trading statement but before publication of the relevant periodic financial results, an issuer becomes reasonably certain that its previously published number, percentage or range in the trading statement is no longer correct, then the issuer must publish another trading statement providing the revised number, percentage or range in accordance with paragraph 3.4(b).



The Company is finalising the approval and release of its financial results for the year ended 30 June 2017 (?financial results?) and following finalisation of the financial results, shareholders are hereby advised that, for the year ended 30 June 2017:



-the headline loss per share is expected to be 6.95 cents (2016: loss of 43.51 cents per share), being an improvement in the loss per share of 84% compared to the loss reported for the 15 months ended 30 June 2016;

-the loss per share is expected to be 10.34 cents (2016: loss of 61.27 cents per share), being an improvement in the loss per share of 83% compared to the loss reported for the for the 15 months ended 30 June 2016; and

-the loss per share from continuing operations is expected to be 2.66 cents per share and the loss from discontinuing operations is expected to be 7.68 cents per share.



Unicorn is in the process of finalising its results for year ended 30 June 2017, which will be released on SENS on or before 29 September 2017.



The financial information on which this trading statement is based has not been reviewed or reported on by the Company?s external auditors.

15-Sep-2017
(Official Notice)
Shareholders are advised that, for the year ended 30 June 2017:

*the headline loss per share is expected to be between 6.4 cents and 6.9 cents (2016: loss of 43.51 cents per share), being an improvement in the loss per share of between 84% and 85% compared to the loss reported for the 15 months ended 30 June 2016;

*the loss per share is expected to be between 10.0 cents and 10.7 cents per share (2016: loss of 61.27 cents per share), being an improvement in the loss per share of between 83% and 84% compared to the loss reported for the for the 15 months ended 30 June 2016; and

*the loss per share from continuing operations is expected to be between 2.8 cents and 3.0 cents per share and the loss from discontinuing operations is expected to be between 7.2 and 7.6 cents per share.



Unicorn is in the process of finalising its results for year ended 30 June 2017, which will be released on SENS on or about 22 September 2017.



The financial information on which this trading statement is based has not been reviewed or reported on by the Company?s external auditors.



28-Aug-2017
(Official Notice)
Unicorn shareholders are referred to the SENS announcement, dated 24 February 2017, which advised that the Company?s subsidiary, Nkomati Anthracite (Pty) Ltd. (?Nkomati?), had secured a loan from the Industrial Development Corporation of South Africa Ltd. (?IDC?) in the amount of R151.6 million (?IDC Loan?) with the intention of funding the expansion of its plant capacity, working capital and the recommencement of the underground mining activities.



The IDC Loan was subject to various conditions precedent, including, inter alia:

? the submission by Nkomati of copies of all relevant environmental management approvals to the IDC; and

? the warehousing by the shareholders of Nkomati of an aggregate 16.1% of the issued share capital of Nkomati for the benefit of the local community in which the mine operates.



The Unicorn advised that all the conditions precedent to the IDC Loan have been fulfilled and the IDC Loan is now unconditional.
01-Aug-2017
(Permanent)
Sentula Mining Ltd. changed their name to Unicorn Capital Partners Ltd. on 2 August 2017.
25-Jul-2017
(Official Notice)
Shareholders are referred to the SENS announcements, dated 18 May 2017 and 3 July 2017, and are advised that the special resolution to change the company?s name from ?Sentula Mining Ltd.? to ?Unicorn Capital Partners Ltd.? (?Change of Name?) has been accepted and placed on file by CIPC and accordingly the following dates are confirmed:

*Last day to trade prior to the Change of Name becoming effective - Tuesday, 1 August 2017

*Termination date for trading under the name of ?Sentula Mining Ltd.? and commencement of trading under the new name ?Unicorn Capital Partners Ltd.?, under share code ?UCP?, short name ?Unicorn? and ISIN ZAE000244745 from the commencement of trade - Wednesday, 2 August 2017

*Record date for the Change of Name - Friday, 4 August 2017

*Accounts of dematerialised shareholders with their CSDPs or Brokers will be updated with the new name - Monday, 7 August 2017

*New share certificates will be issued to certificated shareholders, posted by registered post, at their risk - Monday, 7 August 2017
03-Jul-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS, dated 18 May 2017, (?the Announcement?) which contained information relating to the salient dates and times pertaining to the change of name.



At a general meeting held on 15 June 2017, the requisite majority of shareholders approved the change of name, however, there has been a delay in the registration by CIPC of the relevant special resolution and accordingly the salient dates tabled in the Announcement no longer apply. A further announcement will be made in due course providing new salient dates and times relating to the implementation of the change of name.

28-Jun-2017
(Official Notice)
Shareholders are referred to the SENS announcement dated 1 June 2017 which contained details of the resignation of the current company secretary and are advised that the Company has appointed Arbor Capital Company Secretarial (Pty) Ltd. as its company secretary with effect from 30 June 2017.

15-Jun-2017
(Official Notice)
Further to the announcement released on SENS on 18 May 2017 and the Circular distributed to shareholders on that date, shareholders are advised that at the General Meeting of Sentula shareholders held today, 15 June 2017, the following ordinary and special resolutions proposed thereat, were approved by the requisite majority of votes.



Ordinary resolution number 1 requiring, in terms of the JSE Listings Requirements, a 75% majority of votes by shareholders present in person or represented by proxy, relating to a general authority to issue shares for cash, was not approved by shareholders at the general meeting.
01-Jun-2017
(Official Notice)
The board of directors of the company (?the board?) advises that Ms Ina Cross has resigned as company secretary with effect from 30 June 2017.



The board is in the process of making arrangements to appoint a new company secretary and will release a further announcement in this regard as soon as possible.
18-May-2017
(Official Notice)
31-Mar-2017
(C)
Sentula released their interim results following the change of year-end with effect from 30 June 2016 therefore there are no comparatives. Revenue for the interim period was R615.4 million, operating profit was R3.0 million whilst loss attributable to owners of the parent from continuing operations was R9.2 million.



Company outlook

We are satisfied that Sentula remains on track to achieve its strategic goals during the 2017 financial year. Despite the fact that there are clear indications that the commodity cycle has turned, we prefer not paying too much attention to macro-economic factors or predictions, but rather to focus on the things within our control. We continue to focus on each business' individual requirements, drivers and dynamics to determine what is required for each to remain competitive and be profitable. Our sole aim is to deliver attractive returns on capital to our shareholders over time and by doing so outperform the market.

31-Mar-2017
(Official Notice)
Sentula advised shareholders that, on 30 March 2017, the company settled the final repayment on The Standard Bank of South Africa Ltd., HSBC Bank PLC and Sanlam Capital Markets Consortium merged term facility. The original agreement, entered into in 2007, was for an amount of R1.5 billion and the balance outstanding at 30 June 2016 was R33.5 million.
17-Mar-2017
(Official Notice)
24-Feb-2017
(Official Notice)
13-Feb-2017
(Official Notice)
16-Nov-2016
(Official Notice)
The Company notifies shareholders that all resolutions set out in the notice of annual general meeting were passed at the annual general meeting held today.

28-Oct-2016
(Official Notice)
Sentula advised its shareholders that the ordinary resolutions proposed at the company?s general meeting held today, 28 October 2016, regarding the merger of Sentula Coal (Pty) Ltd. and Close-Up Mining (Pty) Ltd., were duly passed by the requisite majority of votes.
30-Sep-2016
(C)
Sentula changed their year end from March to June therefore there are no comparatives. Revenue for the 15 month period ending June 2016 came to R1.5 billion. Operating loss was recorded at R441.4 million. Loss attributable to owners was at R447.4 million. In addition, headline loss per share came in at 43.51cps.



Outlook

During the period under review, the bulk of the hard work has been done and we are satisfied that the future of Sentula will look very different than its past. We do not pay too much attention to macro-economic factors or predictions about the commodity cycle but rather prefer to focus on the things that we can control. We focus on each business's individual requirements, drivers and dynamics to determine what is required in each to remain competitive and be profitable. Our sole aim is to deliver attractive returns on capital to our shareholders over time and by doing so outperform the market.



Notice of AGM

Notice is hereby given in terms of section 62(1) of the Companies Act 71 of 2008, as amended ("Companies Act"), that an annual general meeting ("annual general meeting") of the shareholders of the Company will be held at Ground Floor, Building 14, The Woodlands Office Park, Woodlands Drive, Woodmead, at 10:00 on Wednesday, 16 November 2016, to consider and, if deemed fit, to approve the resolutions set out in the notice of the annual general meeting, which is contained in the annual report. The Board of Sentula 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 participate in and vote at the annual general meeting is Friday, 11 November 2016. Accordingly the last day to trade Sentula shares in order to be recorded in the register be entitled to vote will be Tuesday, 8 November 2016.
30-Sep-2016
(Official Notice)
Shareholders are referred to the announcement relating to the proposed merger of Sentula Coal (Pty) Ltd. and Close-Up Mining (Pty) Ltd., dated 27 June 2016, and are advised that a circular setting out the details thereof and containing a notice of a general meeting of shareholders to approve the relevant ordinary resolutions to approve the transaction (?Circular?), will be posted to shareholders registered as such on Friday, 16 September 2016, on or about Friday, 30 September 2016. The Circular is available on the Company?s website: www.sentula.co.za.



Notice of general meeting

The general meeting of shareholders will be held on Friday, 28 October 2016 at the Company?s offices, Ground Floor ? Building 14, Woodlands Office Park, Woodmead at 10:00 (?General Meeting?), to consider the ordinary resolutions to approve the transaction.
27-Sep-2016
(Official Notice)
Shareholders are referred to the trading statement published by Sentula on 22 September 2016 (?Initial Trading Statement?) that was prepared based on the unreviewed financial results of Sentula for the 15-month period ended 30 June 2016.



Accordingly, in compliance with the aforementioned paragraphs and following finalisation of the annual results for the 15-month period ended 30 June 2016, Sentula hereby wishes to advise shareholders that ?

*the loss per share is expected to be between 58.47 cents and 64.07 cents (2015: loss of 49.18* cents per share), being an increase in the loss per share of between 19% and 30% compared to the loss reported for the 12 months ended 31 March 2015; and

*the headline loss per share is expected to be between 41.51 cents and 45.51 cents (2015: loss of 40.22* cents per share), being an increase in the loss per share of between 3% and 13% compared to the loss reported for the 12 months ended 31 March 2015.



*Note: the 31 March 2015 results have been re-presented to reflect the effects of the rights offer (which closed on 18 March 2016). Further information in respect of the aforementioned re-presentation is included in the interim results of Sentula for the 12 month period ended 31 March 2016, as released on SENS on 27 June 2016.



In considering the above movements in earnings and headline earnings per share, shareholders? attention is drawn to the announcement released on SENS on 22 March 2016 (and as highlighted in the Initial Trading Statement) wherein Sentula advised shareholders that it had changed its year end from 31 March to 30 June. Accordingly, the financial results for the period ended 30 June 2016 are in respect of a 15 month period (commencing on 1 April 2015) and are therefore not directly comparable to the results for the 12 month period ended 31 March 2015.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s external auditors.



22-Sep-2016
(Official Notice)
Sentula is in the process of finalising its annual results for the 15 month period ended 30 June 2016, which will be released on SENS on or about 30 September 2016.



Accordingly, shareholders are advised that, for the 15 months period ended 30 June 2016, the company?s ?

- loss per share is expected to be between 39.52 cents and 43.95 cents (2015: loss of 49.18* cents per share), being a decrease in the loss per share of between 19% and 11% compared to the loss reported for the 12 months ended 31 March 2015; and

- headline loss per share is expected to be between 27.82 cents and 31.44 cents (2015: loss of 40.22* cents per share), being a decrease in the loss per share of between 30% and 23% compared to the loss reported for the 12 months ended 31 March 2015.



*Note: the 31 March 2015 results have been re-presented to reflect the effects of the rights offer (which closed on 18 March 2016). Further information in respect of the aforementioned re-presentation is included in the interim results of Sentula for the 12 month period ended 31 March 2016, as released on SENS on 27 June 2016.



In considering the above movements in earnings and headline earnings per share, shareholders? attention is drawn to the announcement released on SENS on 22 March 2016 wherein Sentula advised shareholders that it had changed its year end from 31 March to 30 June. Accordingly, the financial results for the period ended 30 June 2016 are in respect of a 15 month period (commencing on 1 April 2015) and are therefore not directly comparable to the results for the 12 month period ended 31 March 2015.
22-Aug-2016
(Official Notice)
Shareholders are referred to the announcement relating to the proposed merger of Sentula Coal (Pty) Ltd. and Close-Up Mining (Pty) Ltd., dated 27 June 2016, and are advised that a circular setting out the details of the proposed merger and containing a notice of a general meeting of shareholders, will be posted to shareholders by no later than 30 September 2016.
27-Jun-2016
(C)
Sentula changed their year end from March to June. Revenue for the interim period lowered to R1.2 billion (R1.4 billion). Operating loss widened to R336.7 million (loss of R221.6 million). Loss attributable to owners worsened to R348.2 million (loss of R293.4 million). In addition, headline loss per share came in at 39.87cps (loss of 40.22cps).



Dividend

The board has decided not to declare a dividend for the period under review.
27-Jun-2016
(Official Notice)
25-May-2016
(Official Notice)
On the recommendation of the Nomination Committee, the board of directors of the company (?the Board?) has resolved to appoint Mr Theunis de Bruyn as a non-executive director with effect from 15 June 2016.



The board wishes to extend a welcome to Mr de Bruyn and looks forward to his positive and continuing contribution to the company.







23-May-2016
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 8 April 2016 and are advised that negotiations are still in progress which, if successfully concluded, may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement is made.
08-Apr-2016
(Official Notice)
Shareholders are advised that the company has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.



08-Apr-2016
(Official Notice)
Further to the SENS announcement, dated 7 October 2015, the board of directors of Sentula is pleased to announce the permanent appointment of Mr Jacques Badenhorst as the company?s Chief Executive Officer, retroactive from 1 March 2016.





22-Mar-2016
(Permanent)
Sentula has changed their year-end from 31 March to 30 June with effect from 30 June 2016.
22-Mar-2016
(Official Notice)
Shareholders are advised that the board of directors of the company has approved a change in the company?s financial year end from 31 March to 30 June with effect from 30 June 2016.



23-Feb-2016
(Official Notice)
19-Feb-2016
(Official Notice)
12-Feb-2016
(Official Notice)
Sentula shareholders (?Shareholders?) are referred to the announcement released on the Stock Exchange News Service (?SENS?) on Wednesday, 10 February 2016, which detailed the results of the general meeting held on Wednesday, 10 February 2016 (?General Meeting?).



The aforementioned announcement stated, inter alia, 61.2% of the votes of independent Shareholders (constituting 99.97% of the Shareholders eligible to vote and that voted at the General Meeting) were cast in favour of the requirement for a mandatory offer by Regarding Capital Management, on behalf of clients, and JB Private Equity Investors Partnership (?the Associated Entities?) in terms of regulation 86 (4) of the Companies Act.



Shareholders are advised that the Takeover Regulation Panel (?the TRP?) has granted a ruling to waive the requirement for a mandatory offer by Associated Entities provided for in terms of section 123 of the Companies Act (?the Ruling?).



The reasons for granting the Ruling are available from the TRP on request. Any interested party who wishes to lodge an appeal against the Ruling shall have five business days from the date of this announcement (i.e. until 17h00 on Friday, 19 February 2016) to do so. Such an appeal must be made in writing and addressed to the "Executive Director, Takeover Regulation Panel".
10-Feb-2016
(Official Notice)
Sentula shareholders (?Shareholders?) are referred to the announcements released on the Stock Exchange News Service (?SENS?) on 25 November 2015, 17 December 2015 and the circular posted to Shareholders on 13 January 2016, detailing;

*the waiver of any requirement for Regarding Capital Management, on behalf of clients, and JB Private Equity Investors Partnership (?the Associated Entities?) to extend a mandatory offer to minority shareholders in terms of Regulation 86 (4) of the Companies Regulations;

*the amendment to the MOI of Sentula to increase the authorised share capital to 2 000 000 000 ordinary shares;

*the granting of an authority to the directors of the company in terms of section 41(3) of the Companies Act to issue 586 559 181 ordinary shares of no par value pursuant to the rights offer.



Shareholders are advised that, at the general meeting of Sentula, held today, 10 February 2016, at the Sentula offices, Block 14 - Ground Floor, Woodlands Office Park Woodmead, all ordinary and special resolutions were passed by the requisite majority.

08-Feb-2016
(Official Notice)
Sentula shareholders are referred to the circular to Sentula shareholders dated 13 January 2016 (?the Circular?) pertaining to a partially underwritten renounceable rights offer (?the Rights Offer?), in which they were advised of the commencement of discussions with its existing lenders with a view to concluding a debt restructuring agreement (?the Debt Restructuring Agreement?) and appraised of the proposed terms thereof.



The board is pleased to announce that it has been advised by the Standard Bank Consortium (?SBC?) that SBC has received the requisite internal approvals to proceed with the execution of the Debt Restructuring Agreement on the following salient terms:

*Sentula will repay R37,25m of the outstanding R74.5 million term debt from the proceeds of the Rights Offer by 31 March 2016;

*the remaining outstanding balance of the term debt of R37,25 million will be payable as follows:

-four quarterly amortization payments of R3.75 million per quarter, with the first of these quarterly payments due on 30 June 2016; and

-a bullet payment of R22,25m on 31 March 2017;

*the applicable interest rate will be the Johannesburg Interbank Agreed Rate (?JIBAR?) plus a margin of 425 basis points.



Furthermore, SBC has agreed to roll the terms of the existing facility from 2 March 2016, being the date on which it expires, to 31 March 2016, due to the fact that the proceeds of the Rights Offer are only expected to flow on 22 March 2016. The Debt Restructuring Agreement is to be effective from 31 March 2016.



The implementation of the Debt Restructuring Agreement is contingent upon the implementation of the Rights Offer, which is subject to the fulfilment of the following conditions precedent:

*approval of certain enabling resolutions and approval of a waiver of a potential mandatory offer (?the Waiver?) by the requisite majorities of Sentula shareholders and independent Sentula shareholders in general meeting, respectively, details and notice of which were contained in the Circular;

*the granting of an exemption by the Take-over Regulation Panel in relation to the Waiver;

*approval by the JSE Limited of a circular to Sentula shareholders containing information about the Rights Offer; and

*approval by the JSE for the listing of the letters of allocation and the Rights Offer shares.







01-Feb-2016
(Official Notice)
15-Jan-2016
(Official Notice)
The board of directors of Sentula advised shareholders that Sentula has appointed Questco (Pty) Ltd. (?Questco?) as sponsor to the company, with effect from 17 January 2016.



Questco replaces Merchantec Capital, whose appointment has, by mutual consent, been terminated.
13-Jan-2016
(Official Notice)
17-Dec-2015
(Official Notice)
25-Nov-2015
(Official Notice)
Shareholders are referred to Sentula?s reviewed condensed consolidated interim results for the six months ended 30 September 2015 announced on SENS on 25 November 2015 (?results announcement?). As set out in the results announcement, shareholders were, inter alia, provided with an update of the company?s turnaround strategy and advised that the Group has commenced discussions with its existing lenders with a view to concluding a debt restructuring agreement.



The board of directors of Sentula (?board?) intends to raise additional capital, which is expected to include a partially underwritten renounceable rights offer up to an amount of R100 million. The debt restructuring together with the rights offer will result in a sustainable long term capital structure for the company.



As the terms of the rights offer are still being determined, and may have a material effect on the price of the company?s securities, shareholders are advised to exercise caution until a further announcement is made.
25-Nov-2015
(C)
Revenue for the interim period decreased to R649.9 million (R723.6 million). Operating loss narrowed to R11.6 million (loss of R55.3 million). Loss attributable to owners improved to R33.9 million (loss of R77.2 million). Furthermore, headline loss per share lowered to 5.75 (loss of 8.49cps).



Dividend

The board has decided not to declare a dividend for the period under review.

12-Nov-2015
(Official Notice)
A review of the financial results for the six months ended 30 September 2015 by management has indicated that:

* the basic loss per share (?LPS?) is expected to be between 5.32 cents and 5.99 cents, reflecting a decrease in the loss of between 60.0% and 55.0% compared to the LPS of 13.29 cents for the six months ended 30 September 2014; and

* the headline loss per share (?HLPS?) is expected to be between 5.53 cents and 5.96 cents, reflecting a decrease in the headline loss of between 34.9% and 29.9% compared to the HLPS of 8.49 cents for the six months ended 30 September 2014.



Sentula's financial results are expected to be released on SENS on or about 25 November 2015.
21-Oct-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Sentula held today, 21 October 2015, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
07-Oct-2015
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., the board of directors of Sentula (?the Board?) hereby notifies shareholders that Mr Robin Berry has resigned as Chief Executive Officer and executive director with effect from 7 October 2015.



Following his long association with the Company, the Board wishes Robin well in his future endeavours.



With effect from 7 October 2015, Mr Jacques Badenhorst, currently a non-executive director, has been appointed by the Board as acting Chief Executive Officer pending the identification and appointment of a new Chief Executive Officer.



Shareholders will be advised once such appointment has been made.
10-Sep-2015
(Official Notice)
Shareholders are referred to the ?Audited Summarised Consolidated Financial Results for the year-ended 31 March 2015 and notice of annual general meeting (?Notice?) released on SENS on 24 June 2015.



Amendment to date of annual general meeting

Shareholders are advised that the date of the annual general meeting of Sentula?s shareholders to be held at Ground Floor, Building 14, The Woodlands Office Park, Woodlands Drive, Woodmead, as set out in the Notice has been changed from 10:00 on Thursday, 22 October 2015, to 10:00 on Wednesday, 21 October, 2015.



The record date for the annual general meeting, being Friday, 16 October 2015, and the last day to trade Sentula shares in order to be recorded in the register to be entitled to vote at the annual general meeting, being Friday, 9 October 2015, remain unchanged. Notification has been sent to shareholders that a revised form of proxy reflecting the appropriate dates is available on the Sentula website: www.sentula.com.



Amendment to special resolution number 1

Shareholders are hereby also advised that special resolution number 1, as set out in the Notice, has been amended. In terms of section 66(9) of the Companies Act, 2008 (Act 71 of 2008), as amended, a company is required to seek pre-approval from shareholders for the payment of remuneration to directors for their services as directors. Special resolution number 1 is seeking shareholder approval for the remuneration of the Company?s directors for their services for the year ending 31 March 2016.



Pursuant to a meeting of the Remuneration Committee, and to ensure alignment with Sentula?s strategy of rightsizing its operational costs structures, it has been decided that the proposed meeting fees payable to the directors will remain constant regardless of the number of meetings attended during the financial year ending 31 March 2016.



Therefore, Sentula has removed the proposed increase in fees payable per meeting to the Chairperson and relevant members of both the Board and the Audit and Risk Committee respectively where, in the financial year ending 31 March 2016, the number of Board meetings exceeds five and the number of Audit and Risk Committee meetings exceeds four.
24-Jun-2015
(C)
Revenue for the year fell to R1.4 billion (2014: R1.6 billion). Loss attributable to equity holders of the company narrowed to R293.4 million (2014: loss of R533.6 million). Furthermore, headline loss per share from continuing operations came in at 38.78cps (2014: loss of 28.31cps).



Dividend

The Board has decided not to declare a dividend for the year under review.



Notice of Annual General Meeting

Notice is hereby given in terms of section 62(1) of the Companies Act, 2008 (Act 71 of 2008), as amended (?Companies Act?), that the annual general meeting of shareholders of the Company will be held at Ground Floor, Building 14, The Woodlands Office Park, Woodlands Drive, Woodmead, at 10:00 on Thursday, 22 October 2015 to consider, and, if deemed fit, to approve, with or without modification, the resolutions set out in the notice of annual general meeting which is contained in the annual report.



Strategic review

Sentula, with its suite of diversified service offerings, remains well positioned to take advantage of contract mining services opportunities across Southern Africa.



Value preservation of Sentula?s mining services business in the short term through:

*investment in growth opportunities in its drilling and blasting, as well as its mobile crane hire businesses;

*taking advantage from secured work for its bulk earthmoving businesses and improved operational efficiencies;

*maintaining the exploration business to take advantage of a future recovery in the exploration sector;

*monetisation of the Group?s stakes in the remaining coal assets; and

*ensuring financial robustness in the prevailing economic environment.



Sustainable growth in the medium term off the back of:

*the potential recovery in global demand for resources;

*unlocking synergies between operations; and

*existing business structures in Southern Africa.



Sentula continues to pursue the disposal of the Group?s stakes in various proprietary coal investments, which remains an area of focus.



Sentula?s exposure to the coal and energy sector, coupled with its diversified service offering, blue chip client base and its strategic association with Thebe Mining Resources, will continue to provide a solid base for the development of the business into the future.
18-Jun-2015
(Official Notice)
In terms of the Listings Requirements of JSE Ltd., companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period.



Accordingly, a review of the financial results for the year ended 31 March 2015 by management has indicated that the basic loss per share is expected to be between 52.8 and 48.2 cents, reflecting a decrease in the basic loss per share of between 42% and 47%, and the headline loss per share is expected to be between 42.4 and 40.2 cents, reflecting a decrease in the headline loss per share of between 3% and 8%, compared to the loss per share of 91.8 cents and the headline loss per share of 43.7 cents for the year ended 31 March 2014.



The basic loss per share from continuing operations is expected to be between 45.2 and 49.4 cents and the headline loss per share from continuing operations is expected to be between 37.1 and 40.5 cents, compared to the basic loss per share from continuing operations of 47.7 cents and the headline loss per share from continuing operations of 28.3 cents for the year ended 31 March 2014.



These results have been largely impacted by:

*continued growth in both overburden drilling and blasting as well as crane hire operations;

*a loss on the disposal of idle equipment and net realisable value adjustment of associated inventory in the opencast mining services segment;

*retrenchment costs in the opencast mining segment due to rightsizing and cost cutting initiatives; and

*closure of international operations in the exploration drilling segment.



The financial information on which this trading statement is based has not been reviewed or reported on by Sentula?s auditors.



Sentula?s year-end financial results are expected to be released on or about 24 June 2015.
08-May-2015
(Official Notice)
The board of directors of Sentula (?the Board?) hereby notified its shareholders that Mr Jacques Badenhorst has been appointed as a non-executive director with effect from 8 May 2015.
20-Mar-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 28 February 2014, the circular to shareholders of Sentula issued on 27 May 2014, and the subsequent announcements released on SENS, inter alia, on 6 February 2015 and 11 March 2015 (and using the terms defined therein unless otherwise stated) pertaining to the Benicon Mining Disposal.



Shareholders are hereby advised that the parties to the Benicon Mining Sale Agreement have entered into a third addendum to such agreement in terms of which, inter alia, the following has been agreed:

1 the Benicon Mining Disposal Closing Date has been amended to 18 March 2015;

2. the outstanding balance of the Purchase Consideration is payable as follows:

2.1Tranche 3: an amount of R4 374 623 payable on or before 30 April 2015;

2.2Tranche 4: an amount of R4 374 623 payable on or before 30 June 2015; and

2.3 Tranche 5: an amount of R4 374 624 payable on or before 30 July 2015, plus interest payable at prime plus 500 basis points accrued on the amounts of:

2.3.1 R33 123 870 from 28 January 2015 to 6 February 2015;

2.3.2 R28 123 870 from 6 February 2015 to 27 February 2015;

2.3.3 R13 123 870 from 28 February 2015 to date of payment of Tranche 3;

2.3.4 R8 749 247 from the date of payment of Tranche 3 to the date of payment of Tranche 4; and

2.3.5 R4 374 624 from the date of payment of Tranche 4 to the date of payment of Tranche 5.



Furthermore, shareholders are advised that the parties have entered into a Security Cession and Pledge Agreement in terms of which Roan has pledged and ceded, in securitatem debiti, all of its rights, title and interest in and to the shares which it holds in Benicon Mining to Sentula as security for its performance of the aforementioned payment obligations.
19-Mar-2015
(Official Notice)
Shareholders are referred to the ?Reviewed condensed consolidated interim results for the six month period ended 30 September 2014? released on SENS on 10 December 2014, and more specifically to the paragraph entitled ?Events after the reporting period?, wherein shareholders were notified, inter alia, of the refinancing of the Company?s then outstanding debt facility in the amount of R234.0 million with the consortium of lenders (?SBSA Consortium?), and are hereby advised that the SBSA Consortium has agreed to refinance the group?s senior debt facility in the amount of R141.0 million, on the terms set out below:

* R70.0 million, constituting the A Tranche, which is payable in five consecutive instalments as follows:

** R21.0 million on or before 31 March 2015;

** R10.5 million on or before 30 June 2015;

** R7.0 million on or before 30 September 2015;

** R7.0 million on or before 31 December 2015;

** R24.5 million on or before 2 March 2016,

* R50.0 million, constituting the B Tranche, which is payable on or before 2 March 2016; and

* R21.0 million, constituting the C Tranche, which is payable on or before 2 March 2016.



Furthermore, shareholders are referred to the ?Benicon Mining Disposal Update? released on SENS on 11 March 2015, and using the terms defined therein, are advised that an amount of R10.0 million which was received from Roan as part payment of the Purchase Consideration has been utilised to reduce the outstanding debt facility to R131.0 million.
11-Mar-2015
(Official Notice)
Further to the announcements released on SENS dated 28 February 2014, 14 April 2014, 16 May 2014, 27 May 2014, 25 June 2014 and 6 February 2015, and the circular to shareholders of Sentula issued on 27 May 2014 (and using the terms defined therein unless otherwise stated), shareholders are advised that the parties to the Benicon Mining Sale Agreement have entered into a second addendum to such agreement in terms of which, inter alia, the following variation of terms of payment of the Purchase



Consideration by Roan have been agreed:

1.an amount of R15 000 000 payable on or before 9 March 2015 (which amount was received by Sentula in two tranches);

2.the outstanding amount of R13 123 870 payable on or before 30 April 2015; and

3.on or before 30 April 2015, interest accrued on:

3.1.an amount of R33 123 870 at the prime rate plus 500 basis points from 28 January 2015 to 6 February 2015;

3.2.an amount of R28 123 870 at the prime rate plus 500 basis points from 6 February 2015 to 27 February 2015; and

3.3.an amount of R13 123 870 at the prime rate plus 500 basis points from 28 February 2015 to date of payment of the outstanding amount of the Purchase Consideration.
05-Mar-2015
(Official Notice)
Shareholders are referred to following extract from the Circular to Shareholders dated 27 May 2014 (and using the terms defined therein unless otherwise stated):

"As part of the winding up process in the insolvent estate of the Golden Autumn Trust (Jason Holland?s family trust), the trustees of the trust (?Plaintiffs?), on or about 10 September 2010, instituted action against Argent Industrial for payment of R8.8 million plus interest in the Kwa-Zulu Natal Local Division of the High Court. Argent Industrial (?Defendant?) is defending the action. On or about 24 March 2011, Argent Industrial delivered a third party notice claiming R8.8 million and interest against Sentula (?First Third Party?), alternatively Megacube (?Second Third Party?). Such claims by Argent Industrial are conditional upon the trustees of the Golden Autumn Trust obtaining judgment against it. The claims in the third party notice are defended. The action is pending."



Shareholders are advised that on 4 March 2015 judgment was delivered in terms of which:

* Judgment was granted in favour of the Plaintiffs against the Defendant for payment of the sum of R8.8 million with interest on this sum a tempore morae, as well as the costs of the suit, such costs to include the cost of two counsel where employed; and

* The Defendant?s claims against the First and/or Second Third Parties were dismissed with costs, such costs to include the cost of two counsel where employed.
06-Feb-2015
(Official Notice)
Further to the announcements released on SENS on 28 February 2014, 14 April 2014, 16 May 2014, 27 May 2014 and 25 June 2014, and to the circular to shareholders of Sentula issued on 27 May 2014 (and using the terms defined therein unless otherwise stated), shareholders are hereby advised that the Benicon Mining Conditions Precedent have been fulfilled and that the Benicon Mining Disposal is now unconditional. The parties to the Benicon Mining Sale Agreement have agreed in writing to extend the date on which Roan makes payment of the Purchase Consideration, less the Deposit, to Sentula from the Benicon Mining Disposal Closing Date to (i) on or about 6 February 2015 in respect of an amount of R5 million and (ii) 27 February 2015 in respect of the balance of the Purchase Consideration.
10-Dec-2014
(C)
Revenue for the interim period lowered to R723.1 million (2013: R950.7 million). Results from operating activities came in at a loss of R47.7 million (2013:loss of R17.3 million), while loss attributable to equity holders of the company decreased to R77.2 million (2013: loss of R248.6 million). Furthermore, headline loss per share increased to 7.13cps (2013: 6.62cps).



Dividend

The board of directors has decided not to declare an interim dividend for the period under review.
18-Nov-2014
(Official Notice)
The board of directors of Sentula hereby notifies its shareholders that Mr Mduduzi (Mdu) Edward Gama has been appointed as an independent non-executive director and as a member of the Audit and Risk Committee with effect from 1 February 2015.

12-Nov-2014
(Official Notice)
Further to (and using the terms defined therein unless otherwise stated) the announcements released on SENS on 1 August 2014, 12 September 2014 and 7 November 2014 wherein it was stated, respectively, that the Benicon Coal Disposal had terminated and would not be implemented, that discussions in respect of alternative options to the Benicon Coal Disposal had not led to any binding commitments and that Sentula?s interim results were expected to be released on or about 13 November 2014, shareholders are advised that as the proceeds of the Benicon Coal Disposal had been intended to be utilised to reduce the Group?s senior debt, the Board is currently in the process of negotiating with the consortium of lenders (SBSA Consortium) to refinance R120 million of the outstanding senior debt facility.



The SBSA Consortium has confirmed their commitment to approach their respective credit committees to seek approval to amend certain terms of the debt facilities agreement prior to the existing maturity date of 11 February 2015 in that the remaining R120 million be settled over a two year period from 11 February 2015, with a reduction of 200 basis points in the margin rate. As part of their solvency and liquidity test, the Board has decided to reschedule the approval of the interim results until a more appropriate date in order to obtain certainty regarding the financial structure of the Group. The interim results are now expected to be released on or about 12 December 2014.

07-Nov-2014
(Official Notice)
Accordingly, a review of the financial results for the six month period ended 30 September 2014 by management has indicated that:

* the basic loss per share is expected to be between 9.0 cents and 17.6 cents reflecting a decrease of between 58.9% and 78.9% for the six month period ended 30 September 2014; and

*the headline loss per share is expected to be between 7.8 cents and 9.2 cents, reflecting an increase of between 14.9% and 34.9%;



compared to the basic loss per share of 42.8 cents and the headline loss per share of 6.8 cents for the six month period ended 30 September 2013. The basic loss per share from continuing operations is expected to be between 10.5 and 13.3 cents and the headline loss per share from continuing operations is expected to be between 6.6 and 7.1 cents.



These results have been largely impacted by:

*restructuring of the opencast operations as a result of continued pressure on operating margins;

*losses incurred on the sale of idle opencast mining equipment; and

*finalisation of the downsizing of African operations in the exploration drilling segment.



The financial information on which this trading statement is based has not been reviewed or reported on by Sentula?s auditors. Sentula?s interim results are expected to be released on or about 13 November 2014.

23-Oct-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Sentula, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders, except for ordinary resolution number 6 (To ratify the appointment of independent non-executive director Nomfundo Qangule) and ordinary resolution 9 (To ratify the appointment Nomfundo Qangule as member and the Chairperson of the Audit and Risk Committee for the year ending 31 March 2015), which resolutions were withdrawn prior to the annual general meeting.
21-Oct-2014
(Official Notice)
03-Oct-2014
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Ltd, the board of directors of Sentula ("the Board") hereby notifies its shareholders that Ms Nomfundu Qangule has resigned as an independent non-executive director of the Board and Chairperson of the Audit and Risk Committee, with effect from 2 October 2014.



Accordingly, ordinary resolution number 6 (To ratify the appointment of independent non-executive director Nomfundu Qangule) and ordinary resolution number 9 (To ratify the appointment of Nomfundu Qangule as member and the Chairperson of the Audit and Risk Committee for the year ending 31 March 2014) set out in the Notice of Annual General Meeting included in the 2014 Integrated Annual Report which was distributed to shareholders on 19 September 2014, will be withdrawn prior to the Annual General Meeting to be held Thursday, 23 October 2014.



Sentula will immediately commence the process of identifying a candidate for appointment to the Board in the capacity of independent non-executive director so as to ensure that the Board and sub-committees will continue to be constituted in accordance with the Companies Act, 2008 (Act 71 of 2008), as amended, and the JSE Listings Requirements.



In the interim, Stephen Naude an independent non-executive director of the Board, will act as Chairperson of the Audit and Risk Committee.

19-Sep-2014
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 31 March 2014 was dispatched to shareholders on 19 September 2014 and contains no modifications to the audited summary financial results released on SENS on 26 June 2014.



Notice is hereby given that the annual general meeting of shareholders of Sentula will be held at 10:00 on Thursday, 23 October 2014 at Ground Floor, Building 14, The Woodlands Office Park, Woodlands Drive, Woodmead to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company 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, 17 October 2014. Accordingly, the last day to trade Sentula shares in order to be recorded in the Register to be entitled to vote will be Friday, 10 October 2014.
12-Sep-2014
(Official Notice)
Further to the 'Termination of the Benicon Coal Disposal and Cautionary Announcement' released on SENS on 1 August 2014 (and using the terms defined therein unless otherwise stated), shareholders are hereby advised that as discussions in respect of alternative options to the Benicon Coal Disposal have not led to any binding commitments, caution is no longer required to be exercised by shareholders when dealing in Sentula's securities. In line with Group strategy, the board remains committed to pursuing the monetisation of non-core assets, including the Benicon Coal asset.
28-Aug-2014
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Sentula (the board) hereby notifies its shareholders that Mr Ralph Patmore, the Acting Chairman of the Board, has been appointed as Independent Non-Executive Chairman of the Board with effect from 27 August 2014. Accordingly, Mr Ralph Patmore has stepped down as Chairman and a member of the Audit and Risk Committee. Furthermore, the following appointments as Chairpersons of the various Board Committees were made with effect from 27 August 2014:

*Audit and Risk Committee: Ms Nomfundu Qangule.

*Remuneration Committee: Mr Steve Naude.

*Nominations Committee: Mr Ralph Patmore.

*Social and Ethics Committee: Mr Robin Berry.

*Investment Committee: Mr Ralph Patmore.



Subsequent to the aforementioned changes, the various Board Committees will comprise:

*Audit and Risk Committee: Ms Nomfundu Qangule (Chair), Mr Steve Naude and Mr Rain Zihlangu.

*Remuneration Committee: Mr Steve Naude (Chair), Mr Ralph Patmore and Mr Rain Zihlangu.

*Nominations Committee: Mr Ralph Patmore (Chair) and Mr Rain Zihlangu.

*Social and Ethics Committee: Mr Robin Berry (Chair) and Ms Nomfundu Qangule.

*Investment Committee: Mr Ralph Patmore (Chair), Ms Nomfundu Qangule and Mr Rain Zihlangu.

01-Aug-2014
(Official Notice)
The board of directors of Sentula notified its shareholders that Mr Jonathan Best has for personal reasons resigned as an Independent Non-Executive Director and Chairman of the Board with effect from 8 August 2014.



Mr Ralph Patmore, Independent Non-Executive Director, will assume the role of acting Chairman of the Board until such time as the Board is in a position to appoint a new Chairperson. Shareholders will be advised in due course once an appointment has been made.
01-Aug-2014
(Official Notice)
Further to the announcements released on SENS on 28 February 2014, 14 April 2014, 16 May 2014, 27 May 2014 and 25 June 2014, and to the circular to shareholders of Sentula issued on 27 May 2014 (and using the terms defined therein unless otherwise stated), shareholders are hereby advised that the Benicon Coal Sale Agreement and the Benicon Coal Guarantee, Pledge and Cession Agreement ("Agreements") have lapsed due to non-fulfillment of certain of the Benicon Coal Conditions Precedent within the agreed timeframe. Accordingly, the Benicon Coal Disposal has automatically terminated and will not be implemented.



The board remains committed to the disposal of the Benicon Coal asset, and shareholders are advised that Sentula has entered into discussions with parties in this regard, which may, if successfully concluded have a material effect on the price of Sentula's securities. Accordingly, shareholders are advised to exercise caution when dealing in Sentula's securities until a further announcement is made.



Shareholders are advised that the Benicon Mining Disposal will not be affected by the aforementioned termination.
08-Jul-2014
(Official Notice)
The board of directors of Sentula notified its shareholders that, by mutual agreement, Mr Mike Fitzgerald, the Chief Executive Officer of the Geosearch Group of Companies, a wholly-owned subsidiary of Sentula, has resigned with immediate effect.
01-Jul-2014
(Official Notice)
Shareholders are referred to the further cautionary announcement dated 29 January 2014 and the subsequent announcements thereto dated 14 April 2014 and 16 May 2014 and using the terms defined therein unless otherwise stated, are advised that as the board of directors of Sentula (the Board) believes that the proceeds from the Disposals will suffice in reducing the Group?s senior debt, the Board is no longer engaging with the parties who approached the Board with an interest in certain other businesses within the Sentula portfolio. Accordingly, caution is no longer required to be exercised when dealing in Sentula?s securities.

26-Jun-2014
(C)
Revenue for the year fell to R1.6 billion (2013: R2.1 billion). Loss attributable to equity holders of the company narrowed to R533.6 million (2013: loss of R862.7 million). Furthermore, headline loss per share from continuing operations came in at 28.31cps (2013: loss of 25.35cps).



Dividend

No dividend has been declared or paid during the year under review.



Prospects

The Group?s strategic intent remains to provide a platform for growth by being recognised as a focused mining services provider, with the ability to leverage off its African experience. Despite on-going volatility across the entire resources sector and the limited visibility of exploration work, in the short term, the Group?s firm intention remains one to focus on the value drivers in its diversified service business offerings.



To this end, Sentula?s three pronged strategy continues to be delivered into, through:

*extraction of the operating synergies and resultant efficiencies associated with its opencast mining businesses, Benicon and CCT;

*investment in opportunities and capacity to grow the solid drilling and blasting and mobile crane hire businesses; and

*maintaining the Group?s exploration hubs, through prudent restructuring, in order to take advantage of potential growth in the mineral exploration sector following a recovery in this sector.



The strategy is further enhanced through the finalisation of the disposal of the Group?s stakes in various proprietary coal investments, for which processes for the key assets have already been well advanced. Sentula?s exposure to the coal and energy sector, coupled with its diversified service offering, client base, mineral exposure, geographical spread and its strategic association with Thebe Mining Resources, will continue to provide a solid base for the development of the business into the future.
25-Jun-2014
(Official Notice)
Further to the announcement released on SENS on 27 May 2014, and using the terms defined therein unless otherwise stated, shareholders are advised that at the general meeting of Sentula held on 25 June 2014, convened in terms of the notice of general meeting contained in the circular to shareholders dated 27 May 2014, the resolutions to approve and implement, inter alia, the Disposals, and to obtain the authority to sell Treasury Shares for cash, were passed by the requisite majority of shareholders.
12-Jun-2014
(Official Notice)
A review of the financial results for the year ended 31 March 2014 by management has indicated that the basic loss per share is expected to be between 83.6 and 100.1 cents and the headline loss per share is expected to be between 41.2 and 46.2 cents, compared to the loss per share of 148.5 cents and the headline loss per share of 24.9 cents for the year ended 31 March 2013.



The basic loss per share from continuing operations is expected to be between 43.5 and 52.1 cents and the headline loss per share from continuing operations is expected to be between 25.8 and 30.9 cents.



These results have been largely impacted by:

*the effect of accounting for the sale of Sentula?s stake in the Nkomati Anthracite Mine as a discontinued operation;

*a further impairment of Geosearch?s Property, Plant and Equipment, associated with their international operations, given the lack of gold exploration in West, Central and East Africa; and

*the restructuring at Group and operating entity level.



Sentula's year-end financial results are expected to be released on or about 26 June 2014.
28-May-2014
(Official Notice)
The board of directors of Sentula ("the board") hereby notifies its shareholders that, with effect from 27 May 2014:

*Mr Johann Lemmer, the acting CFO, has been appointed as an executive director and financial director of the company.

*Ms Nomfundo Quangule has been appointed as an independent non-executive director.

*Mr Stephen (Steve) Naud? has been appointed as an independent non-executive director.
27-May-2014
(Official Notice)
Further to the announcement released on SENS on 16 May 2014, and using the terms defined therein unless otherwise stated, shareholders are advised that the circular containing full details of, inter alia, the Disposals as well as a notice to convene a general meeting of Sentula shareholders in order to consider and, if deemed fit, to pass, with or without modification, the resolutions necessary to approve and implement, inter alia, the Disposals, has been distributed on 27 May 2014.



Notice of GM

Notice was given that the general meeting of shareholders of Sentula will be held at 10:00 on Wednesday, 25 June 2014 at the registered office of Sentula, Ground Floor, Building 14, Woodlands Office Park, Woodmead, Johannesburg, 2080, to conduct the business stated in the notice of general meeting, which is contained in the circular.



The board of directors of the Company 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 general meeting is Friday, 20 June 2014. Accordingly, the last day to trade Sentula shares in order to be recorded in the Company's securities register to be entitled to vote will be Thursday, 12 June 2014, and not Friday, 13 June 2014 as set out in the circular.
16-May-2014
(Official Notice)
Shareholders are referred to the further cautionary announcements dated 29 January 2014 and 14 April 2014 regarding the approach by parties interested in certain other businesses within the Sentula portfolio. As the board of directors of Sentula is still engaged in the strategic evaluation of alternative options to further unlock shareholder value and commensurately reduce the Group?s senior debt, which may result in actions that could have a material effect on the price of Sentula?s securities, shareholders are advised to continue exercising caution when dealing in Sentula?s securities until further announcements are made.
16-May-2014
(Official Notice)
13-May-2014
(Official Notice)
14-Apr-2014
(Official Notice)
02-Apr-2014
(Official Notice)
Mr Patrick ("Pat") Modisane has agreed to step down as an Executive Director and the Chairman of the Social and Ethics Committee with effect from 31 March 2014. Pat has further agreed to remain in the employ of Sentula through to the end of April 2014, in order to ensure a smooth handover of his executive role as Head of Group Transformation and Human Resources. Ms Khumo Mphake will continue to oversee these aspects from a Group perspective.
26-Mar-2014
(Official Notice)
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Sentula (the board) hereby notifies its shareholders that with effect from 25 March 2014:

*Mr Cornelis (Cor) van Zyl has resigned as an independent non-executive director of the Board, the chairman of the Audit and Risk Committee and a member of the Investment Committee, in order to pursue an executive role in an unrelated entity; and

*Ms Kholeka Mzondeki has resigned as an independent non-executive director of the Board and a member of the Audit and Risk Committee, in order to focus her attention on her other commitments.



The board has commenced the process to appoint a new chairman and a new member of the Audit and Risk Committee and shareholders will be advised once these appointments have been made.

11-Mar-2014
(Official Notice)
The board of directors of Sentula notified its shareholders that Mr Deon Louw has resigned as an Executive Director and Financial Director with effect from 7 March 2014.



Mr Johann Lemmer, the Chief Financial Officer of the Geosearch Group of Companies, a wholly-owned subsidiary of Sentula, will assume the role of Acting Chief Financial Officer pending the appointment of a replacement Financial Director.
28-Feb-2014
(Official Notice)
Further to the cautionary announcement released on SENS on 28 February 2013, and as the pro forma financial effects of the Benicon Mining Disposal on the reported financial information of Sentula are still to be finalised, shareholders are advised to continue exercising caution when dealing in Sentula's securities until a further announcement incorporating the pro forma financial effects of the Benicon Mining Disposal, is made.
28-Feb-2014
(Official Notice)
28-Feb-2014
(Official Notice)
As the pro forma financial effects of the Benicon Coal Disposal on the reported financial information of Sentula are still to be finalised, shareholders are advised to continue exercising caution when dealing in Sentula?s securities until a further announcement incorporating the pro forma financial effects of the Benicon Coal Disposal, is made.
28-Feb-2014
(Official Notice)
29-Jan-2014
(Official Notice)
Shareholders are referred to the cautionary announcement dated 26 June 2013 and the subsequent further cautionary announcements dated 7 August 2013 and 19 September 2013 regarding the proposed disposal by Sentula of its shares in its wholly-owned subsidiary, Benicon Coal (Pty) Ltd. ("Benicon Coal"), through which it holds its 60% equity interest in the mine operated by Nkomati Anthracite (Pty) Ltd. ("Nkomati"), the further cautionary announcement dated 20 September 2013 regarding the approach by parties interested in certain other businesses within the Sentula portfolio, and the subsequent further cautionary announcements, the last of which was dated 18 December 2013.



Shareholders are advised that Sentula and a consortium ("Consortium") comprising of Miranda Mineral Holdings Limited and Mochiba Investments (Pty) Ltd. have, in principle, agreed the key commercial terms on which the Consortium will, inter alia, acquire all of the shares in Benicon Coal, which transaction will have the net effect of realising R150 million in cash for Sentula ("Proposed Transaction"). In terms of the Proposed Transaction, it is anticipated that Sentula will realise the R150 million by way of repayments of Nkomati's existing indebtedness to Sentula under Nkomati's existing loan facility; R100 million once the Proposed Transaction becomes effective and the balance by way of a deferred payment structure.



The Proposed Transaction will be subject to the conclusion of a binding legal agreement, regulatory approvals (to the extent required), and other conditions typical for a transaction of this nature. Sentula and the Consortium have, for the time being, agreed to negotiate exclusively with one another in order to give effect to the Proposed Transaction and negotiations with other interested parties involving the disposal of Sentula's interests in Benicon Coal and Nkomati have accordingly been terminated.



The board of directors is still engaged in the strategic evaluation of the alternative options, including the disposal of the Bankfontein mining right, to further unlock shareholder value and commensurately reduce the Group?s senior debt, which review may result in actions that could have a material effect on the price of Sentula?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in Sentula?s securities until further announcements are made.
18-Dec-2013
(Official Notice)
Shareholders are referred to the cautionary announcement dated 26 June 2013 and the subsequent further cautionary announcements dated 7 August 2013 and 19 September 2013 regarding the proposed disposal by Sentula of its 60% indirectly held interest in the Nkomati Anthracite Mine, the further cautionary announcement dated 20 September 2013 regarding the approach by parties interested in certain other businesses within the Sentula portfolio and the subsequent further cautionary announcement dated 4 November 2013. The board of directors is still engaged in the strategic evaluation of the alternative options to unlock shareholder value and further reduce the Group?s senior debt, which review may result in actions that could have a material effect on the price of Sentula?s securities.



In this regard, the Schoongezicht prospecting right disposal as announced on SENS on 24 June 2013 has become effective following the fulfilment of all the conditions precedent thereto and offers have been received for the Bankfontein mining right. Furthermore, negotiations for the disposal of Sentula?s stake in the Nkomati Anthracite Mine continue with interested parties. Accordingly, shareholders are advised to continue exercising caution when dealing in Sentula?s securities until further announcements are made.
26-Nov-2013
(Official Notice)
Shareholders are referred to the interim results for the six months period ended 30 September 2013, released on SENS on 14 November 2013. Shareholders are hereby advised that a reconciling line item pertaining to the calculation of the headline earnings figure disclosed was inadvertently omitted in the calculation thereof.



The adjustment to the headline earnings per share figure is required to provide for the non-controlling interest's pro-rate share of the mineral rights impairment charge, net of tax. The impairment of the mineral rights arose as a consequence of the re-classification of the Group's coal investments as Held-for-Sale, resulting in these assets being written down to their deemed market value.



14-Nov-2013
(C)
Revenue for the interim period lowered to R950.7 million (2012: R1.2 billion). Results from operating activities came in at a loss of R17.3 million (2012: profit of R100.9 million), while loss attributable to equity holders of the company soared to R248.6 million (2012: profit of R42.3 million). Furthermore, headline earnings per share grew to 11.5cps (2012: 8.5cps).



Dividend

The board of directors has decided not to declare an interim dividend for the period under review.
08-Nov-2013
(Official Notice)
Accordingly, a review of the financial results for the six month period ended 30 September 2013 by management has indicated that the headline earnings per share is expected to be between 10.7 cents and 12.4 cents and the loss per share is expected to be between 42.1 cents and 43.5 cents, compared to the headline earnings per share of 8.5 cents and earnings per share of 7.3 cents for the six month period ended 30 September 2012.



The financial information on which this trading statement is based has not been reviewed or reported on by Sentula's auditors. The Group?s financial results are expected to be released on SENS on or about 14 November 2013. The difference between the headline and basic earnings per share is primarily as a result of the reclassification of certain of the Group's coal assets as held-for-sale assets in terms of IFRS 5, which has resulted in an impairment of the carry value of these assets by R273 million (net of tax), to their deemed fair value less cost to sell of R190 million.



The board of directors of Sentula has approved a proposal from its Standard Bank led consortium of bankers (the Consortium) to restructure its senior debt as follows:



*an A tranche of R99 million which is fully amortised by February 2015; and

*a B tranche comprising an estimated bullet payment of between R206 million and R254 million (depending on the extent of interim redemptions) on or before 11 February 2015.



It is contemplated that the bullet payment will predominantly be redeemed from the disposal of the Group's coal assets with an anticipated sale value of R210 million. The proposal from the Consortium has been approved by their respective credit committees and is subject only to the finalisation of the revised loan agreements.
04-Nov-2013
(Official Notice)
Shareholders were referred to the cautionary announcement dated 26 June 2013 and the subsequent further cautionary announcements dated 7 August 2013 and 19 September 2013 regarding the proposed disposal by Sentula of its 60% indirectly held interest in the Nkomati Anthracite Mine, and the further cautionary announcement dated 20 September 2013 regarding the approach by parties interested in certain other businesses within the Sentula portfolio. The board of directors of Sentula is currently undertaking a strategic evaluation of the alternative options, which review may result in actions that could have a material effect on the price of Sentula's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in Sentula's securities until further announcements are made.
24-Oct-2013
(Official Notice)
Shareholders are advised that, at the annual general meeting of Sentula held today, 24 October 2013, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.



The special resolutions will be lodged for registration at the Companies and Intellectual Property Commission where applicable.
20-Sep-2013
(Official Notice)
Shareholders were advised that the integrated annual report for the year ended 31 March 2013, was dispatched to shareholders on 20 September 2013 and contains no modifications to the audited summary consolidated financial results for the year ended 31 March 2013, published on SENS on 27 June 2013.



Notice was given that the annual general meeting of shareholders of Sentula will be held at Sentula's offices at Ground Floor, Building 14, The Woodlands Office Park, Woodlands Drive, Woodmead, at 10:00 on Thursday, 24 October 2013 to conduct the business stated in the notice of the annual general meeting, which is contained in the integrated 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 October 2013. Accordingly, the last day to trade Sentula shares in order to be recorded in the Register to be entitled to vote will be Friday, 11 October 2013.
20-Sep-2013
(Official Notice)
Shareholders were referred to the cautionary announcement dated 26 June 2013 and the subsequent further cautionary announcements dated 7 August 2013 and 19 September 2013 regarding the proposed disposal by Sentula of its 60% indirectly held interest in the Nkomati Anthracite Mine, and are further advised that the company has been approached by parties interested in certain other businesses within the Sentula portfolio. The board of directors of Sentula is currently undertaking a strategic evaluation of the alternative options, which review may result in actions that could have a material effect on the price of Sentula's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in Sentula's securities until further announcements are made.
19-Sep-2013
(Official Notice)
Further to the cautionary announcement dated 26 June 2013 and the subsequent further cautionary announcement dated 7 August 2013, and using the terms defined therein unless otherwise stated, shareholders were advised that while negotiations between Sentula and the Miranda Consortium are still in progress, no exclusivity agreement between Sentula and the Miranda Consortium exists, and accordingly, Sentula has also entered into negotiations with additional parties regarding the proposed disposal by Sentula of its 60% indirectly held interest in the Nkomati Anthracite Mine, which if successfully concluded may have a material effect on the price of Sentula's securities.



Accordingly, shareholders were advised to continue exercising caution when dealing in Sentula's securities until a further announcement is made.
07-Aug-2013
(Official Notice)
Further to the cautionary announcement dated 26 June 2013, and using the terms defined therein unless otherwise stated, shareholders are advised that negotiations between Sentula and the Miranda Consortium are still in progress, which if successfully concluded may have a material effect on the price of Sentula and Miranda's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in Sentula and Miranda?s securities until a further announcement is made.
09-Jul-2013
(Official Notice)
Shareholders are advised that, with effect from 8 July 2013, Ms Gesina ("Ina") Cross has been appointed as Sentula's company secretary, replacing Ms Grace Chemaly who has resigned as company secretary.
28-Jun-2013
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the auditor's report on Sentula's Audited Consolidated Financial Results for the year ended 31 March 2013 contains a modification. Shareholders were advised to refer to the provisional results to ascertain the exact nature of the modification.



Accordingly, the company's listing on the JSE trading system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modification.



This announcement has been placed by the JSE in the interest of shareholders.
27-Jun-2013
(C)
Revenue for the year fell to R2.1 billion (2012: R2.5 billion). Loss attributable to equity holders of the company widened to R875 million (2012: loss of R516.7 million). Furthermore, headline loss per share came in at 27cps (2012: earnings of 21.7cps).



Dividend

No dividend has been declared or paid during the year under review.
26-Jun-2013
(Official Notice)
Shareholders are advised that Sentula has entered into negotiations with Miranda, Mochiba Investments Proprietary Limited and Jay and Jayendra Proprietary Limited (collectively referred to hereinafter as the Miranda Consortium) regarding the proposed disposal by Sentula of its 60% indirectly held interest in the Nkomati Anthracite Mine to the Miranda Consortium. The aforementioned disposal may, if successfully concluded have a material effect on the price of Sentula and Miranda?s securities. Accordingly, shareholders are advised to exercise caution when dealing in Sentula and Miranda?s securities until a further announcement is made.

24-Jun-2013
(Official Notice)
The board of directors of Sentula advised shareholders that Sentula has entered into a sale of prospecting right agreement with Miniandante (Pty) Ltd. ("the Purchaser") to dispose of the Schoongezicht Prospecting Right and the Prospecting Right Documents described below, to the Purchaser for a total consideration of R22 000 000, to be settled by the Purchaser in cash, subject to the fulfilment or waiver, as the case may be, of certain conditions precedent ("Disposal of the Schoongezicht Prospecting Right").



The Schoongezicht Prospecting Right, being the prospecting right with the Department of Mineral Resources reference number MP30/5/1/1/2/4306/PR, will entitle the Purchaser to prospect and search for coal in, on and under the Prospecting Area, being Mineral Area 1 and 2 on portion 7 and the remaining extent of the Farm Schoongezicht 225 IR. The Prospecting Right Documents include official legal and geological documents relating to the Schoongezicht Prospecting Right and the Prospecting Area.



The effective date of the Disposal of the Schoongezicht Prospecting Right is the fifth business day after the date on which the last of the conditions precedent is fulfilled or waived, as the case may be. The conditions precedent include the granting by the Minister of Mineral Resources of:

* the application for the renewal of the Schoongezicht Prospecting Right, for a minimum of two years from the date of expiry of the initial term of the Schoongezicht Prospecting Right; and

* the transfer of the Schoongezicht Prospecting Right to the Purchaser.



Although the Disposal of the Schoongezicht Prospecting Right does not require any formal disclosure in terms of the Listings Requirements of the JSE, the Board would like to keep shareholders informed of the ongoing activities of Sentula.
24-Jun-2013
(Official Notice)
Further to the trading statement released on SENS on 19 April 2013, a review of the financial results for the year ended 31 March 2013 by management has indicated that the basic loss per share is expected to be between 141.7 cents and 159.5 cents per share and the headline loss per share is expected to be between 24.8 cents and 29.2 cents per share, compared to the basic loss per share of 88.9 cents and the headline earnings per earnings per share of 21.7 cents per share for the year ended 31 March 2012.



In addition to the factors relating to the Platinum and Contract Mining sectors, which have impacted on the financial performance referred to in the trading statement released on SENS on 19 April 2013, there has been a further deterioration in the prospects for exploration drilling in both the domestic and international markets as a result of the further decline in commodity prices, especially the platinum group metals and gold price. Sentula's results have therefore been further impacted by an impairment of goodwill, recognised on the acquisition of the Geosearch business in 2007 and 2008 and a write down of stock and equipment that has become redundant.



Sentula's year-end financial results are expected to be released on or about 27 June 2013.
19-Apr-2013
(Official Notice)
A review of the financial results for the year ended 31 March 2013 ("the financial year') by management has indicated that the basic loss per share is expected to be at least 20% more than the basic loss per share of 88.9 cents and that the headline earnings per share is expected to be at least 20% less than the headline earnings per share of 21.7 cents for the year ended 31 March 2012.



The financial results for the period to be reported on have been impacted by the following operational, sector related and extraneous factors:

Exploration drilling:

* Significantly lower demand for exploration drilling in the South African platinum group metals sector, as mentioned in Sentula's Reviewed Condensed Consolidated Interim Results released on SENS on 15 November 2012, has continued to deteriorate, resulting in reduced asset and associated inventory utilisation;

* Increased volatility and reduced activity in both gold exploration across the African continent and Mozambican coal exploration;

* Limited client demand for older technology mechanical exploration drilling capacity resulting in the impairments of certain drill rigs and the obsolescence of related inventory; and

* Consequent provisions made for slow moving and obsolete inventory and consumables.



Opencast Mining:

* Termination of the Keaton Vanggatfontein project and the redeployment of the associated Benicon capacity to Anglo American Platinum's Mogalakwena operation; and

* The losses incurred on the disposal of the remaining moveable equipment of Megacube Mining (Pty) Ltd. by unreserved public auction.



A further trading statement will be published once the Group has a greater degree of certainty with regards to its financial results for the financial year. Sentula's year-end financial results are expected to be released on or about 27 June 2013.
10-Apr-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 8 January 2013, 18 January 2013, 15 February 2013, 19 March 2013 and 2 April 2013 and using the terms defined therein unless otherwise stated, are advised that the Gross Proceeds (being the actual sale price (excluding VAT) in respect of the Equipment (or part thereof)) achieved at the Auction amounted to R118.7 million.



Shareholders are reminded that the Auction was conducted on an unreserved price basis and, as most of the Equipment is of a specialised mining nature, reference prices were not readily available against which to benchmark anticipated sale proceeds. Furthermore, the magnitude and nature of the Auction was unprecedented in South Africa and, as set out in the Circular, it was anticipated that a number of factors could impact the price that the Equipment would fetch at the Auction, which included, but were not limited to:

*prevailing exchange rates;

*market supply and demand for equipment of this nature;

*prevailing operating conditions in the local mining sector;

*the condition and appearance of the Equipment; and

*the location of the Equipment relative to the proposed buyers thereof.



Shareholders are further advised that the costs of the Auction have been finalised and accordingly, are referred to the following update on the pro forma financial effects of the Disposal on the reported financial information of Sentula released on SENS on 15 February 2013 and incorporated in the Circular dated 18 February 2013.
05-Apr-2013
(Official Notice)
02-Apr-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 8 January 2013, 18 January 2013, 15 February 2013 and 19 March 2013 and using the terms defined therein unless otherwise stated, are advised that the Auction, which commenced on Wednesday, 27 March 2013, has been completed and consequently, the Gross Proceeds (being the actual sale price (excluding VAT) in respect of each item of Equipment (or part thereof) achieved at the Auction) have been determined. The Gross Proceeds achieved at the Auction amount to R118.7 million.



As the final costs of the Auction, including the commission and marketing fee (being the fee payable to the Auctioneer for services rendered in relation to the Auction) and the management fee (being the fee which Megacube undertakes to pay the Auctioneer for the repair and refurbishment activities included in the Refurb Schedule) are still being finalised, an update on the pro forma financial effects of the Disposal on the reported financial information of Sentula released on SENS on 15 February 2013 and incorporated in the Circular dated 18 February 2013, will be provided to shareholders in due course.
19-Mar-2013
(Official Notice)
Shareholders are advised that, at the general meeting of Sentula held on 19 March 2013, convened in terms of the notice of general meeting contained in the circular to shareholders dated 18 February 2013, all the resolutions, including the resolution to dispose of the remaining moveable equipment of Megacube Mining (Pty) Ltd. by unreserved public auction, were passed by the requisite majority of shareholders.
19-Mar-2013
(Official Notice)
Shareholders are advised that, at the general meeting of Sentula held on 19 March 2013, convened in terms of the notice of general meeting contained in the circular to shareholders dated 18 February 2013, all the resolutions, including the resolution to dispose of the remaining moveable equipment of Megacube Mining (Pty) Ltd. by reserved public auction, were passed by the requisite majority of shareholders.
18-Feb-2013
(Official Notice)
Further to the announcement released on SENS on 15 February 2013, and using the terms defined therein unless otherwise stated, shareholders are hereby advised that the circular containing full details of, inter alia, the Disposal as well as a notice to convene a general meeting of Sentula shareholders in order to consider and, if deemed fit to pass, with or without modification, the resolutions necessary to approve and implement, inter alia, the Disposal, has been distributed today, 18 February 2013.



Notice is hereby given that the general meeting of shareholders of Sentula will be held at 10:00 on Tuesday, 19 March 2013 at the registered office of Sentula, Ground Floor, Building 14, Woodlands Office Park, Woodmead, Johannesburg, 2080, to conduct the business stated in the notice of general meeting, which is contained in the circular.



The board of directors of the Company 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 general meeting is Friday, 8 March 2013. Accordingly, the last day to trade Sentula shares in order to be recorded in the Register to be entitled to vote will be Friday, 1 March 2013.
15-Feb-2013
(Official Notice)
Further to the cautionary announcement released on SENS on 8 January 2013, shareholders are advised that as the pro forma financial effects of the Disposal have been disclosed in paragraph 2 above, caution is no longer required to be exercised when dealing in the Company's securities.
15-Feb-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 8 January 2013 and 18 January 2013 and using the terms defined therein unless otherwise stated, are advised that the Circular is currently being finalised. It is intended that the Circular will be distributed to shareholders on or about 18 February 2013. Furthermore, shareholders are advised that the commencement date of the Auction which was initially Wednesday, 20 March 2013, has since been postponed, in terms of clause 4.11.2 of the Addendum, to Wednesday, 27 March 2013.



Pro forma financial effects

The unaudited pro forma financial effects have been prepared to illustrate the impact of the Disposal on the reported financial information of Sentula for the six months ended 30 September 2012, had the Disposal occurred on 1 April 2012 for statement of comprehensive income purposes and on 30 September 2012 for statement of financial position purposes.

Before - after disposal

* Basic earnings per share (cents): 7.3 - 0.1

* Headline earnings per share (cents): 8.5 - 1.3

* Net asset value per share (cents): 431 - 423.
18-Jan-2013
(Official Notice)
Shareholders are referred to the Announcement and are reminded to continue to exercise caution when dealing in Sentula's securities until a further announcement, incorporating the pro forma financial effects of the Disposal, is made.
18-Jan-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on 8 January 2013 ("Announcement"), and using the terms defined therein unless otherwise stated, are informed that Sentula, Megacube and the Auctioneer have entered into an addendum to the Agreement ("Addendum") to record, inter alia, the final list of Equipment which will be subject to the Auction. The book value of the Equipment to be auctioned has been agreed at R266 million.



Shareholders are advised that subsequent to discussions regarding the categorisation of the Disposal with the JSE pursuant to the Listings Requirements, the JSE has determined that the Disposal constitutes a Category 1 transaction. Accordingly, a circular containing full details of the Disposal ("Circular"), including, inter alia, a notice to convene a general meeting of shareholders of Sentula in order to consider and, if deemed fit to pass, with or without modification, the resolutions necessary to approve and implement the Disposal, will be distributed to shareholders of Sentula in due course. In light of the Category 1 transaction requirements, and in terms of the Addendum, Megacube is entitled (but not obliged) to postpone the date of the Auction by way of written notice to the Auctioneer so as to provide Sentula with a reasonable period of time within which to comply with the aforementioned requirements of the JSE. Shareholders will be advised of the Auction date in due course.
08-Jan-2013
(Official Notice)
As the pro forma financial effects of the disposal on the reported financial information of Sentula cannot be determined prior to completion of the Auction, shareholders are advised to exercise caution when dealing in Sentula's securities until a further announcement, incorporating the pro forma financial effects of the disposal, is made.
08-Jan-2013
(Official Notice)
12-Dec-2012
(Official Notice)
Shareholders of Sentula are referred to the announcement released on SENS on Monday, 29 October 2012 and published in the press on Tuesday, 30 October 2012, which sets out the terms of the proposed introduction of Thebe Mining Resources (Pty) Ltd (through its wholly-owned subsidiary, Main Street 1057 Pty Ltd) as Sentula's Strategic Black Economic Empowerment Partner as a 40% shareholder in Sentula's existing empowerment consortium, Shanike Investments No 171 Pty Ld (RF). Shareholders are advised that the conditions precedent to the transaction have now been fulfilled and accordingly the transaction has been implemented in accordance with its terms.
15-Nov-2012
(C)
Revenue decreased to R1.2 billion (R1.3 billion). Results from operating activities swung to a profit of R94 million (loss of R146.7 million). A net attributable profit of R42.3 million (loss of R224.9 million). However, headline earnings per share fell to 8.5cps (10.6cps).



Outlook

The group's strategic vision remains one of sustainable growth by being the preferred mining services provider across the African continent. Sentula's strategy seeks to maximise the exploitation of opportunities identified in the provision of mining services in Southern Africa, and is further enhanced through the recently finalised broad-based black economic empowerment transactions. While exacting conditions are set to prevail in the South African mining sector, productivity and capital efficiency will remain an imperative.



Sentula remains well positioned to unlock the value inherent in its portfolio of coal investments and the group's exposure to the coal and energy sector, as a service provider and proprietary investor, coupled with its diversified service offering, client base, mineral exposure and geographical spread will continue to provide a solid platform for developing the business into the future. In the short term and despite the challenging economic environment, the group will continue to drive the monetisation of its idle assets and its coal investments.
09-Nov-2012
(Official Notice)
Accordingly, a review of the financial results for the six month period ended 30 September 2012 by management has indicated that the earnings per share is expected to be between 3.41 cents and 11.15 cents and the headline earnings per share is expected to be between 7.41 cents and 9.53 cents, compared to the loss per share of 38.72 cents and the headline earnings per share of 10.59 cents for the six month period ended 30 September 2011.



The Group's results were impacted, inter alia, by the issues alluded to in the SENS announcement of 5 September 2012, Megacube's closure and the costs associated with the Group?s Broad Based Black Economic Empowerment transaction. The financial information on which this trading statement is based has not been reviewed or reported on by Sentula's auditors. The Group's financial results are expected to be released on SENS on or about 15 November 2012.
01-Nov-2012
(Official Notice)
Shareholders of Sentula ("Shareholders") were referred to the announcement released on SENS on Monday, 17 September 2012 and published in the press on Tuesday, 18 September 2012, which sets out the terms of the proposed empowerment of Sentula's Bankfontein coal project ("the Bankfontein Project"), held by Sentula's wholly-owned subsidiary Benicon Mining (Pty) Ltd. ("Benicon Mining") by introducing its existing empowerment consortium, Shanike Investments No 171 Pty Ltd. (RF) ("BEE Co") as a 26% shareholder in Benicon Mining ("the Transaction"). Shareholders were advised that the conditions precedent to the Transaction have now been fulfilled and accordingly the Transaction has been implemented in accordance with its terms.
29-Oct-2012
(Official Notice)
25-Oct-2012
(Official Notice)
Shareholders are advised that, at the annual general meeting of Sentula held on 25 October 2012, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolutions will be lodged for registration at the Companies and Intellectual Property Commission where applicable.
26-Sep-2012
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 31 March 2012, was dispatched to shareholders on 25 September 2012 and contains no modifications to the audited results published on SENS on 14 June 2012.



Notice is hereby given that the annual general meeting of shareholders of Sentula will be held at Sentula's offices at Building 14, Ground Floor, The Woodlands Office Park, 20 Woodlands Drive, Woodmead at 10:00 on Thursday, 25 October 2012 to conduct the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that 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 October 2012. Accordingly, the last day to trade Sentula shares in order to be recorded in the Register to be entitled to vote will be Friday, 12 October 2012.
17-Sep-2012
(Official Notice)
The board of directors of Sentula notified its shareholders that Mr Hugh Stoyell has resigned as an independent non-executive director with effect from 17 September 2012.
17-Sep-2012
(Official Notice)
05-Sep-2012
(Official Notice)
In light of the ongoing challenges facing the platinum group metals sector in South Africa, and the commensurate reduction in exploration expenditure, Geosearch, a wholly-owned subsidiary of Sentula and its Broad Based Black Economic Empowerment joint venture, Buenti Drilling, has experienced a significant curtailment of its South African drilling operations. This will affect Geosearch's performance in the second half of this calendar year and with limited visibility of future tenders in this sector, the adverse operational and financial impact is envisaged to extend through to the end of the present financial year, ending 31 March 2013.



Taking cognisance of these trading conditions, Geosearch's domestic business unit is being restructured. Notwithstanding the operational challenges experienced at the Jwaneng site, which have impacted Geosearch's Botswana business during the first part of the current financial year, exploration expenditure, predominantly for Gold and Coal, throughout the rest of the continent, remains in line with previous forecasts.
14-Jun-2012
(C)
Revenue increased to R2.5 billion (R2.4 billion). Results from operating activities became a loss of R420.1 million (profit of R184.9 million). A net attributable loss of R516.7 million (profit of R35.1 million). However, headline earnings per share grew to 21.7c (16.1cps).



Outlook

The group's strategic vision remains one of sustainable growth by being the mining services provider of choice across the African continent. Our strategy will be brought to fruition through the exploitation of opportunities identified in both mining services and proprietary mining investments in Southern Africa, and further enhanced through the recently finalised BBBEE transaction. The insights and experience, gleaned from Geosearch's broad geographic footprint, across Southern, Central, and more recently West Africa positions the Group to capitalise on the mining services offerings stemming from the development of new mineral resources in these regions.



In addition, through its access to the resources, expertise and experience base of the collective group, Sentula is well positioned to unlock the value inherent in its portfolio of coal investments. Sentula's exposure to the coal and energy sector, as a service provider and proprietary investor, coupled with its diversified service offering, client base, mineral exposure and geographical spread will continue to provide a solid platform for developing the business into the future.
04-Jun-2012
(Official Notice)
A review of the financial results for the year ended 31 March 2012 ("the financial year") by management has indicated that the basic loss per share is expected to be between 88.33 cents and 89.54 cents and the headline earnings per share is expected to be between 20.10 cents and 23.32 cents, compared to the basic earnings per share of 6.05 cents and the headline earnings per share of 16.06 cents for the year ended 31 March 2011. The group's results for the financial year have been impacted as follows:

*The substantial increase in headline earnings per share is as a result of strong earnings growth in the group's continuing operations; and

*During the financial year, the Board resolved, following protracted losses, to close Megacube Opencast Mining (Pty) Ltd.'s ("Megacube") operations and to dispose of surplus equipment. The substantial increase in basic loss per share has arisen from an impairment charge of R591 million on Megacube's unproductive plant, which is held for re-sale. This impairment is based on the current depressed market prices as evidenced by losses of R55 million incurred on the disposal of the plant ("the disposal") during the financial year. Although Sentula impaired the plant by R282 million in September 2011, a further impairment of R309 million was required following the losses incurred on the disposal during the second half of the financial year.



Sentula's year-end financial results are expected to be released on or about 14 June 2012.
09-May-2012
(Official Notice)
Sentula shareholders were referred to the announcement released on SENS on Friday, 2 March 2012 and published in the press on Monday, 5 March 2012, which set out the full terms of the proposed broad-based black economic empowerment transaction ("the B-BBEE transaction"). Shareholders are advised that the conditions precedent to the B-BBEE transaction have now been fulfilled and accordingly the B-BBEE transaction has been implemented in accordance with its terms.
08-May-2012
(Official Notice)
Sentula shareholders ("shareholders") are referred to the announcement released on SENS on Friday, 2 March 2012 and published in the press on Monday, 5 March 2012, which set out the full terms of the proposed Broad-based Black Economic Empowerment transaction ("the B-BBEE Transaction"). Shareholders are advised that the conditions precedent to the B-BBEE transaction have now been fulfilled and accordingly the B-BBEE transaction will become effective on Wednesday, 9 May 2012.
02-Mar-2012
(Official Notice)
Shareholders are advised that as the full terms of the Proposed B-BBEE Transaction have now been released, Shareholders no longer need to exercise caution when dealing in their Sentula shares.
02-Mar-2012
(Official Notice)
18-Nov-2011
(C)
Revenue for the interim period ended 30 September 2011 rose to R1.3 billion (R1.2 billion) but an operating loss of R146.7 million (operating profit of R123.6 million) was recorded. Loss for the period attributable to ordinary equity holders of the company amounted to R224.9 million (profit of R57.5 million), while headline earnings per share were stable at 10.6cps (10.6cps).



Dividend

The board decided not to declare an interim dividend for the period under review.



Outlook

Global economic uncertainty and its impact on local mining, continues to affect the rate of recovery and sustainable growth in resource and energy sectors. The diverse nature of the group's earnings should however continue to ensure that the underlying fundamentals, which support the group's revenue base, will remain intact. Furthermore, the recently announced BBBEE transaction, involving Sentula's South African mining services businesses, will contribute to the preservation of contract and tender opportunities for the group.
16-Nov-2011
(Official Notice)
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the six month period ended 30 September 2011 ("the interim period") by management has indicated that the loss per share is expected to be between 38.47 cents and 38.97 cents and the headline earnings per share is expected to be between 9.53 cents and 11.65 cents, compared to the earnings per share of 9.89 cents and the headline earnings per share of 10.59 cents for the six month period ended 30 September 2010.

The group's earnings for the interim period were impacted by the following:

*a fair value adjustment on an interest rate hedge of R5 million;

*foreign exchange gains of R22 million being recognised;

*pre-tax expenses of R17 million, resulting from the Shanduka transaction (R6.2 million), legal and forensic support for civil actions associated with the misappropriated funds (R5.7 million) and retrenchments resulting from on-going restructuring within Megacube (R5.1 million);

*the Nkomati Anthracite Mine being placed on "care and maintenance";

*a pre-tax impairment charge of R282.3 million being recognised, primarily on Megacube's portfolio of idle equipment; and

*a pre-tax write-off of R14.2 million of obsolete inventory in Megacube.



The financial information on which this trading statement is based has not been reviewed or reported on by Sentula's auditors. Sentula's interim financial results are expected to be released on or about 18 November 2011.
28-Oct-2011
(Official Notice)
The proposed B-BBEE transaction may have a material effect on the price of the shares of the company. Accordingly, shareholders were advised to exercise caution when dealing in their shares until a further announcement, setting out the full terms of the proposed B-BBEE transaction, was made.
28-Oct-2011
(Official Notice)
Shareholders of sentula ("shareholders") were advised that the company has entered into discussions regarding a proposed B-BBEE transaction which will involve Sentula employees, a community trust and a strategic B-BBEE partner (collectively "the B-BBEE shareholders"). The proposed B-BBEE transaction will be implemented by way of a vendor financed structure, pursuant to which the B-BBEE shareholders will acquire a direct equity interest in certain of Sentula's South African mining services businesses which do not already have empowerment equity ownership in place. Following the implementation of the proposed B-BBEE transaction, the relevant South African mining services businesses will have an effective black ownership of more than 25% as measured in terms of the DTI Codes of Good Practice on Broad Based Black Economic Empowerment. This will not only improve the affected entities contributor status, as measured under the DTI Codes of Good Practice, but will also enhance the company's competitiveness, with respect to tendering and retaining contracts in the South African mining sector.
27-Oct-2011
(Official Notice)
Shareholders were advised that, at the annual general meeting of Sentula held on 27 October 2011, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
05-Oct-2011
(Official Notice)
Shareholders are referred to the announcement released on SENS on 23 September 2011 ("the announcement") which, inter alia, referred to the notice of annual general meeting of shareholders of Sentula which is contained in the company's annual report, which was dispatched to shareholders on 23 September 2011. Shareholders are advised that as 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, 14 October 2011, the correct last date to trade is Friday, 7 October 2011, and not Friday, 30 September 2011, as detailed in the notice of annual general meeting.

23-Sep-2011
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 March 2011, was dispatched to shareholders on 23 September 2011, and contains no modifications to the audited results published on SENS on 15 June 2011.

Notice is hereby given that the annual general meeting of shareholders of Sentula will be held at Ground Floor, Building 14, The Woodlands Office Park, Woodlands Drive, Woodmead, at 10h00 on Thursday, 27 October 2011 to transact the business stated in the notice of the annual general meeting, which is contained in the annual report.
05-Sep-2011
(Official Notice)
Sentula provided its shareholders with the salient features of a recently completed competent persons' report ("CPR"), covering the company's material assets of coal operations/projects and associated infrastructure in South Africa, Botswana and Zambia, the effective date of which is 1 March 2011.



SRK Consulting (South Africa) (Pty) Ltd ("SRK") was mandated by Sentula to compile an Independent Competent Persons' Report ("CPR") on the Material Assets coal operations/projects and associated infrastructure located in South Africa, Botswana and Zambia: Material assets are those that have a determinable value.



Competent person validation

The competent person, Hilton Ashton, declared that the salient features are a true reflection of the full CPR.



Equity value

In SRK's opinion an equal weighting to each of the primary and secondary (market approach) valuation methods gives a fair valuation of the assets. The average of the methods amounts to R512 million with a range of R450 to R660 million.



SRK considers that the resulting in the equity value range of R450 to R660 million is based on sound reasoning, engineering and technically achievable plans, within the context of the specific risks associated in the South African mining industry.



The CPR, which includes inter alia, location maps indicating areas of interest, legal aspects - tenure, geological settings - description, key modifying factors - environmental issues and project risks, is available for inspection at the office of Sentula, Ground Floor, Building 14, Woodlands Office Park, Woodmead, Johannesburg, 2080.
24-Aug-2011
(Official Notice)
Shareholders are advised that, at the General Meeting of Sentula held on Wednesday, 24 August 2011, convened in terms of the Notice of General Meeting posted to shareholders on Wednesday, 20 July 2011, all the resolutions were passed by the requisite majority of shareholders. The special resolution will be lodged for registration at the Companies and Intellectual Property Commission in due course.

22-Jul-2011
(Official Notice)
Notice is hereby given that a general meeting of Sentula will be held at 15:00 at Ground Floor, Building 14, Woodlands Office Park, Woodmead, on Wednesday, 24 August 2011 for the purpose of considering and, if deemed fit, passing with or without modification, the following resolutions:

*Approval of financial assistance as contemplated in sections 44 and 45 of the Companies Act; and

*Granting the directors authority to take all such actions necessary to implement the above resolution.



Further to the promulgation of the Companies Act 71 of 2008 ("the Act") on 1 May 2011, the Company seeks shareholder approval for the abovementioned special resolution. Shareholders will be advised of additional changes that will be made to align the company's Memorandum of Incorporation to the Act in the Notice of Annual General Meeting, which will be sent to shareholders by no later than 30 September 2011.



The Notice of the meeting was posted to shareholders, as recorded in the share register on Friday, 15 July 2011, on Wednesday, 20 July 2011. Shareholders are however advised that the Notice incorrectly stated the last day to trade, to be entitled to vote, as Friday, 12 August 2011. For clarification, the correction of the notice is stated below:

In terms of section 62(3)(a), as read with section 59 of the Companies Act, the General Meeting is to be participated in and voted at by holders as at record date of 12 August 2011. Accordingly, the last day to trade to be entitled to vote will be Thursday, 4 August
28-Jun-2011
(Official Notice)
Shareholders are referred to the detailed terms announcement released on SENS on 21 April 2011, the announcement relating to the posting of the circular to the shareholders of Sentula released on SENS on 19 May 2011 and the exchange of shares agreement concluded between Sentula and Shanduka Resources (Pty) Ltd ("Shanduka Resources") on 20 April 2011, as amended ("exchange of shares agreement"). The exchange of shares agreement is subject to a number of conditions precedent, including the approval of the exchange of shares by the shareholders of Shanduka Group (Pty) Ltd ("Shanduka Group"). Sentula has been advised by Shanduka Group that its shareholders have not approved the exchange of shares and will not approve the exchange of shares by 30 June 2011, being the last date for fulfilment of the said condition. Sentula has also been advised by a senior executive of Shanduka Resources that the shareholders of Shanduka Group have approved the acceptance of an alternative offer for Shanduka Resources' coal assets. Shareholders were accordingly advised that, unless the shareholders of Shanduka Group approve the exchange of shares on or before midnight on 30 June 2011, the operative provisions of the exchange of shares agreement will not become of any force and effect and the exchange of shares will not be implemented.
15-Jun-2011
(C)
Revenue increased to R2.4 billion (R2.2 billion. Results from operating activities rose to R184.9 million (R129 million). However, net attributable profit declined to R35.1 million (R239.1 million). Headline and diluted headline earnings per grew to 16.1cps (0.6cps).



Outlook

The group's strategic vision remains one of sustainable growth by being the mining services provider of choice across the African continent. Sentula's strategy will be brought to fruition through the exploitation of opportunities identified in both mining services and proprietary mining investments in southern Africa, and further enhanced through the proposed Shanduka Resources transaction. The insights and experience, gleaned from Geosearch's broad geographic footprint, across southern, Central Africa, and more recently West Africa positions the Group to capitalise on the mining services offerings stemming from the development of new mineral resources in these regions.



In addition, through its access to the resources, expertise and experience base of the collective group, Sentula is well positioned to nurture the development, and unlock the value inherent in a growing portfolio of coal investments. Sentula's foothold in the coal and energy sector, as a service provider and proprietary investor, coupled with its diversified service offering, client base, mineral exposure and geographical spread will continue to provide a solid platform for developing the business into the future.
02-Jun-2011
(Official Notice)
The board of directors of Sentula ("the board") hereby notifies its shareholders that Ms Andy Kawa has tendered her resignation as an independent non-executive director of Sentula, with immediate effect.
31-May-2011
(Official Notice)
19-May-2011
(Official Notice)
21-Apr-2011
(Official Notice)
21-Apr-2011
(Official Notice)
18-Apr-2011
(Official Notice)
Further to the cautionary announcement dated 4 March 2011, shareholders are advised that negotiations are still in progress which, if successfully concluded, 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.
31-Mar-2011
(Official Notice)
Shareholders were advised that the Management of the Nkomati Anthracite Mine ("Mine"), an operation in which Sentula and the Mpumalanga Economic Growth Agency respectively hold a 60% and 40% interest, have entered into discussions with the Department of Mineral Resources to resolve issues pertaining to the amendment of the Mine's approved environmental management programme, so as to allow for mining to continue at its Matadeni opencast section. Production from the opencast section has been halted pending the outcome of these discussions. In the interim, while maintaining production from the Mangweni underground section of the Mine, Mine Management will examine alternatives so as to minimise the effect of the halt in production at the Matadeni opencast section.
04-Mar-2011
(Official Notice)
Shareholders are advised that Sentula 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.
17 Jan 2011 11:36:16
(Official Notice)
Shareholders were advised that Sentula has received final credit approval for a facility in the amount of R740 million from a consortium of financial institutions, comprising Standard Bank of South Africa Ltd ("SBSA"), The Hong Kong and Shanghai Banking Corporation Ltd (Johannesburg branch) and Sanlam Capital Markets Ltd, to refinance the group's existing senior debt facility and provide liquidity to the group (the "facility"). SBSA has been mandated to advise and arrange the refinance. This refinance will provide the group with immediate capacity of R140 million for new capital equipment. It will provide the group with refurbishment funding for the existing fleet and idle equipment of R120 million over a six month period via a capital moratorium. The structure will also allow for further drawdown's to finance new capital equipment over a four year period provided the aggregate debt within Sentula does not exceed R800 million.



Sentula intends to have the facility implemented by early February 2011. The facility's availability is subject to conclusion of final documentation and fulfilment of conditions applicable to a facility of this nature. The salient features of the facility are as follows:

* a reduced funding rate;

* a capital moratorium for two quarters; and

* a four year fully amortising repayment profile.
26 Nov 2010 09:02:55
(Official Notice)
Shareholders are referred to the results announcement released on SENS on Friday, 26 November 2010, which made reference in the commentary to the legal proceedings against individuals and entities implicated in the fraud perpetrated during the 2008 financial year. Sentula hereby confirms that judgement has been obtained in the amount of R88.5 million plus costs against Casper Scharrighuisen in the first civil action. Shareholders will be kept updated on the progress of legal proceedings as they unfold.
26 Nov 2010 08:12:34
(C)
Revenue increased from R1 188 million to R1 219 million in 2010. Results from operating activities decreased to R124 million (September 2009: R126 million). Profit attributable to ordinary shareholders increased to R57.5 million (September 2009: R37.3 million). Headline earnings per share increased to 10.6cps (September 2009: 9.6cps).



Dividend

No interim dividend was declared for the period under review.



Prospects

The group's strategic vision remains one of medium to longer term sustainable growth by being the mining services provider of choice across the African continent. Our strategy will be pursued through the exploitation of opportunities identified in both mining services and proprietary mining investments in Southern Africa. The insights and experience, gleaned from Geosearch's broad geographic footprint, across Southern, Central Africa and more recently West Africa, positions the group to capitalise on the early introduction of its mining services offerings stemming from the development of new mineral resources. In addition, through its access to the resources, expertise and experience base of the collective Group, Sentula is well positioned to nurture the development of a growing portfolio of coal investments. Initiatives to unlock the intrinsic value in these investments will continue to be evaluated. Sentula's foothold in the coal and energy sector, as a service provider and proprietary investor, coupled with its diversified service offering, client base, mineral exposure and geographical spread, have combined to create a solid platform for sustainably developing the business into the future.
05 Nov 2010 09:19:47
(Media Comment)
According to the Financial Mail, Sentula has launched two separate civil claims amounting to R303 million against the company's founder and former MD, Cas Scharrighuisen. This might allow the company to recover even more than the R242 million misappropriated under previous management. Scharrighuisen is the second former executive of Sentula against whom action has been taken. The first director was former FD Jason Holland. So far, about R18.9 million of the R65 million of assets held in Holland's estate has been recovered.
28 Oct 2010 13:02:21
(Official Notice)
Shareholders are advised that, at the annual general meeting of Sentula ("meeting") convened in terms of the notice of annual general meeting contained in the 2010 annual report ("notice"), all the resolutions set out in the notice and proposed at the meeting were passed by the requisite majority of shareholders, with the exception of ordinary resolution number 1, "Control of authorised but unissued ordinary shares" and ordinary resolution number 2, "Approval to issue ordinary shares, and to sell treasury shares, for cash".
28 Sep 2010 16:52:47
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 March 2010 was dispatched on 28 September 2010 and contains no modifications to the audited provisional results published on 18 June 2010. The annual report will also be available to download from the company website at www.sentula.co.za. Notice was also given that the annual general meeting of shareholders of Sentula will be held at Pembi Conference Centre, Building 12 C, The Woodlands Office Park, Western Service Road, Woodmead, Sandton at 10:00 on Thursday, 28 October 2010, to conduct the business stated in the notice of the annual general meeting, which is contained in the annual report.
02 Jul 2010 14:28:32
(Official Notice)
The board of directors of Sentula notify its shareholders that Mr Dalikhaya ("Rain") Zihlangu, Mr Cornelis ("Cor") van Zyl and Ms Kholeka Mzondeki have been appointed as independent non-executive directors with effect from 1 July 2010.

18 Jun 2010 10:29:31
(C)
Revenue decreased by 27% to R2 179 million (2009: R2 990 million). Operating profit down 73% to R129 million (2009: R480 million). Income attributable to shareholders dropped by 17.10 % to R231 043 million (2009: R278 531 million). While headline and diluted headline earnings per share fell to 0.6cps (2009: 68.8cps), and basic earnings per share was lower by 27% to 55.8 cents (2009: 76.4 cents). The company has managed to decrease its operational its gearing level from 75% to 43%. Despite the extraordinary external challenges, including abnormally high rainfall during the second half of the financial year, the Group successfully recapitalised its balance sheet reducing group debt from R1.7 billion to R1.1 billion enabling it to terminate Megacube's loss making opencast mining contracts and restructure that business unit.



Dividend

No dividend has been declared.



Outlook

In addition to the turnaround of Megacube from a substantial loss to marginal profitability, the company is seeing generally favourable trading conditions in all the areas in which it operates including a buoyant ferrochrome and anthracite markets and increased exploration.
15 Jun 2010 15:19:42
(Official Notice)
Further to the trading update released on SENS on 21 May 2010, a review of the financial results for the year ended 31 March 2010 by the company, has indicated that headline earnings per share ("HEPS") is expected to be a profit of 0.64 cents and earnings per share ("EPS") is expected to be 55.85 cents. The financial information, on which this trading statement is based, has not been reviewed or reported on by Sentula`s auditors. Sentula's financial results are expected to be released on or about 18 June 2010.
21 May 2010 16:05:45
(Official Notice)
A review of the financial results for the year ended 31 March 2010 by the company, has indicated that earnings per share ("EPS") is expected to be between 49.63 cents and 64.90 cents, and headline earnings per share ("HEPS") is expected to be a loss of between -10.49 cents and -0.49 cents. Sentula's financial results are expected to be released on or about 18 June 2010.
06 Apr 2010 17:19:11
(Official Notice)
Shareholders are advised that, with effect from 1 April 2010, Computershare Investor Services (Pty) Ltd will replace Link Market Services South Africa (Pty) Ltd as transfer secretaries to Sentula.
01 Apr 2010 15:42:33
(Official Notice)
Shareholders were advised that Ms Grace Chemaly has been appointed as Sentula's company secretary with effect from 1 April 2010, replacing MoreStat Corporate Services (Pty) Ltd who have resigned as company secretary.
30 Mar 2010 11:32:54
(Official Notice)
Shareholders were advised that at the general meeting of Sentula held on Tuesday, 30 March 2010, convened in terms of the notice of general meeting contained in the circular to shareholders dated 15 March 2010, the resolutions necessary to approve and implement the disposal by Sentula to Optimum Coal Holdings (Pty) Ltd of Sentula's 49.998% interest in and shareholder claims against Siyanda Coal (Pty) Ltd, the company that operates the Koornfontein Coal Mine, for an aggregate cash consideration of R670 million ("the Koornfontein sale"), were passed by the requisite majority of shareholders. Accordingly, the last remaining condition precedent pertaining to the Koornfontein sale, being the approval by a majority of Sentula shareholders at the general meeting, has now been fulfilled and the transaction has become effective.
16 Mar 2010 09:27:04
(Official Notice)
Shareholders were referred to the announcement released on SENS on Monday, 1 March 2010 advising shareholders of the progress made in respect of the sale by Sentula to Optimum Coal Holdings (Pty) Ltd ("Optimum Coal Holdings") of Sentula's 49.998% interest in and shareholder claims against Siyanda Coal (Pty) Ltd, the company that operates the Koornfontein coal mine ("Siyanda Coal"), for an aggregate cash consideration of R670 million ("the Koornfontein sale"). Shareholders were advised that as at the date of this announcement, 16 March, the following conditions precedent to the Koornfontein sale have been fulfilled:

* the receipt of irrevocable undertakings from Sentula shareholders holding no less than 50% of Sentula's issued share capital to vote in favour of the Koornfontein sale

* the approval of the Koornfontein sale by Sentula's consortium of financiers.



The Koornfontein sale did not require the approval of the competition authorities in view of the fact that the unconditional written approval of the competition tribunal was granted for the acquisition by Optimum Coal Holdings of respectively the entire issued share capital of Dunrose Trading 191 (Pty) Ltd and the entire issued share capital of Twin Cities Trading 39 (Pty) Ltd, the transaction which will result in Optimum Coal Holdings acquiring control over Siyanda Coal. Accordingly, the only outstanding condition precedent is the approval of the Koornfontein sale by a majority of Sentula shareholders at a general meeting of Sentula shareholders on or before 13 April 2010.



Shareholders were further advised that a circular containing full details of the Koornfontein sale and a notice convening a general meeting of Sentula shareholders was sent to Sentula shareholders on Monday, 15 March 2010. The general meeting, to be held in the boardroom of Merchantec Capital, 2nd floor, North Block, Hyde Park office towers, corner 6th road and Jan Smuts avenue Hyde Park, 2196 at 10:00 on Tuesday, 30 March 2010, will provide Sentula shareholders with the opportunity to consider and, if deemed fit, to pass, with or without modification, the resolution necessary to approve and implement the Koornfontein sale.
02 Mar 2010 08:34:07
(Official Notice)
In June 2007, Sentula announced the formation of a 50/50 joint venture with Merafe Resources Limited ("Merafe"), known as Merafe Coal. Merafe Coal's objectives were to develop existing coal projects in its portfolio, as well as to pursue further coal opportunities in South Africa. Shareholders are hereby advised that an agreement has been reached between Sentula and Merafe to terminate the Merafe Coal joint venture. Sentula will continue in its own capacity to pursue the development projects attributed to the joint venture and will meet the obligations placed upon it by the Mineral Resource and Petroleum Development Act. In terms of the agreement, Sentula has funded all the historic costs and will continue to fund the present and future costs associated with these projects. Sentula is also announce that a small scale mining licence has been awarded to the Malungwa Coal project in Southern Zambia, in which Sentula holds a 25% stake, through its investment in Indongo Mining Ltd. This will enable Sentula, as the managing stakeholder, to proceed to the next phase of project.
01 Mar 2010 11:08:36
(Official Notice)
Shareholders are referred to the announcement released on SENS on Friday, 12 February 2010 advising them that the board of directors of Sentula ("the board") had successfully concluded an agreement with Optimum Coal Holdings (Pty) Ltd ("OCH") for the sale to OCH of Sentula's 49.998% interest in and shareholder's claims against Siyanda Coal (Pty) Ltd, the company that operates the Koornfontein Coal Mine ("Koornfontein"), for an aggregate cash consideration of R670 million ("the purchase consideration") ("the Koornfontein sale").



Shareholders are advised that to date the following conditions precedent to the Koornfontein sale have been met:

*The receipt of irrevocable undertakings from Sentula shareholders holding no less than 50% of Sentula`s issued share capital to vote in favour of the Koornfontein sale.

*The approval of the Koornfontein sale by Sentula's consortium of financiers.



Therefore, the only remaining conditions precedent to the Koornfontein sale are:

*the approval of the Koornfontein sale by the Competition Authorities, to the extent required, on or before 31 August 2010 and by the JSE Ltd, to the extent required.

*The approval of the Koornfontein sale by a majority of Sentula shareholders at a general meeting of Sentula shareholders on or before 13 April 2010.



Classification of the Koornfontein sale and further documentation

The Koornfontein sale is classified as a category 1 transaction in terms of the Listings Requirements of JSE Ltd. Accordingly, it is anticipated that a circular containing full details of the Koornfontein sale and a notice to convene a general meeting will be sent to Sentula shareholders on or about the 11 March 2010. The general meeting will provide Sentula shareholders with the opportunity to consider and, if deemed fit, to pass, with or without modification, the resolution necessary to approve and implement the Koornfontein sale.
23 Feb 2010 16:04:18
(Official Notice)
The board of directors of Sentula hereby notifies its shareholders that Jeff Van Rooyen, Pulane Kingston and Dawn Marole have tendered their resignations as non-executive directors of Sentula, effective 28 February 2010, in order to pursue other business interests. Jonathan Best, the current deputy chairman, will assume the role of chairman of the board, effective 28 February 2010.
15 Feb 2010 09:14:13
(Media Comment)
Business Day reported that mining services company Sentula had taken another step to reduce its debt burden with sale of its stake in the Koornfontein colliery. Sentula's high debt levels arose partly from slower demand for its services in the past year, but also due to misappropriation of R242 million by previous management and an over ambitious investment in the capital fleet in 2008. Sentula has said that the proceeds of the sale would be used to reduce debt, improve liquidity, and ensure the company's financial strength in a volatile trading environment.
12 Feb 2010 15:58:26
(Official Notice)
18 Jan 2010 16:28:15
(Official Notice)
Shareholders are advised that Sentula 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.
21 Dec 2009 07:55:22
(Media Comment)
Business report highlighted that Sentula Mining management face a tough task, to regain shareholder confidence. This was evident at the company's annual general meeting held on Friday, 18 December 2009, as shareholders questioned the company's recovery strategy and demanded assurances that their investments were safe. The breach of trust stems from the misappropriation of funds by some executives last year, and the company's desperate attempts, this year, to restructure R1.6 billion in debt. In light of these events, it is still unknown whether dividends will be paid in the near future.
18 Dec 2009 13:58:52
(Official Notice)
Shareholders are advised that, at the annual general meeting of Sentula ("meeting") convened in terms of the notice of annual general meeting and revised in the SENS announcement dated 23 November 2009 informing shareholders of the change of date of the meeting to Friday, 18 December 2009 and the proposed amendments to ordinary resolutions number one and number two, all the resolutions set out in the notice and proposed at the meeting were passed by the requisite majority of shareholders, with the exception of ordinary resolution number 1, "Control of authorised but unissued ordinary shares" and ordinary resolution number 2, "Approval to issue ordinary shares, and to sell treasury shares, for cash". The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.
14 Dec 2009 15:44:01
(Official Notice)
Sentula shareholders are referred to the announcements released on SENS on Monday, 12 October 2009 and Friday, 30 October 2009, relating to the fully underwritten renounceable rights offer in terms of which 350 993 245 new ordinary shares with a par value of 1 cent each ("rights offer shares") were offered to Sentula shareholders at a subscription price of 143 cents per rights offer share, in the ratio of 149 rights offer shares for every 100 Sentula shares held. The rights offer closed at 12:00 on Friday, 11 December 2009, and the results thereof are set out below.



The rights offer was 99% subscribed for and excess applications were received in respect of a further 92% of the rights offer shares. Such excess applications were accordingly allocated in an equitable manner, taking into account the number of Sentula shares held by each applicant prior to the rights offer and the amount of rights offer shares subscribed for by each applicant, resulting in the amount raised from Sentula shareholders in terms of the rights offer being R501 920 340. As the rights offer was fully subscribed for, after taking into account the excess applications received, Investec Principal Investments, the underwriters, will accordingly not be allocated any rights offer shares. Rights offer share certificates will be posted to certificated shareholders and the accounts of dematerialised shareholders will be credited with rights offer shares and debited with any payments due on Monday, 14 December 2009.
27 Nov 2009 09:27:10
(C)
Revenue decreased from R1 740 million to R1 180 million in 2009. Profit before tax decreased to R39.7 million (2008:R263.3 million). Profit attributable to ordinary shareholders decreased to R37.2 million (R183.5 million). Headline earnings on a per share basis decreased to 15.20cps (69.60cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The group's strategic vision remains that of being the mining services company of choice across the African continent. The group is committed to achieving this through identifying growth opportunities in the medium to longer term. The insights and experience, gleaned from Geosearch's extensive Southern and Central Africa geographic footprint, positions the group to capitalise on the mining services offerings stemming from the development of new mineral resources. Under its Benicon subsidiary, the group has already established and continued to grow an earthmoving business in Moatise, situated in northern Mozambique's Tete Province. This in preparation for the large scale coal mining operations, planned to come on stream from 2010 onwards.



Through its access to resources, expertise and the experience base of the collective group, Sentula is well positioned to nurture the development of a growing portfolio of coal investments. Initiatives to unlock the value that has already crystallised in certain of these investments will continue to be explored.



Sentula's foothold in the coal sector, as a service provider and investor, coupled with its diversified service offering, client base, mineral exposure and geographical spread have combined to create a solid platform for developing the business of the future.
23 Nov 2009 17:55:58
(Official Notice)
Shareholders are advised that in order to allow for the completion of the rights offer, full details of which are set out in the circular to Sentula shareholders issued on 23 November 2009, the annual general meeting of shareholders of Sentula, which was due to be held at 10:00 on Friday, 4 December 2009, will instead be held at 11:30 on Friday, 18 December 2009, in the Acacia Room at the Sandton Sun, corner Fifth and Alice Streets, Sandton, 2196.



Shareholders are further advised that ordinary resolutions number one and number two, as set out in the notice of annual general meeting incorporated in the annual report posted to shareholders on 30 September 2009 have been amended.



Forms of proxy

The amendments constitute modifications for the purposes of the forms of proxy included in the notice of annual general meeting contained in the annual report posted to Sentula shareholders on 30 September 2009, and those proxy forms shall accordingly, be deemed to relate to the amended ordinary resolutions number one and number two as stated above.
23 Nov 2009 16:03:17
(Official Notice)
Shareholders are advised that the circular to Sentula shareholders in respect of the rights offer was posted to Sentula shareholders on Monday, 23 November 2009. The rights offer circular is also available for download on the company website www.sentula.co.za.
30 Oct 2009 16:15:40
(Official Notice)
14 Oct 2009 12:30:50
(Official Notice)
The company announced that the directorate of market Abuse of the Financial Services board has decided not to proceed with any enforcement action against it. As highlighted in the Chairman's report published in Sentula's Annual Report for the year ended 31 March 2009, and in relation to the FSB's investigation into the publication by the company of its 2007 annual financial statements on 21 June 2007, and the restated results on 2 June 2008, the company was afforded an opportunity to make written representations to the FSB, advancing reasons why an enforcement action should not be taken against the company. Upon consideration of the written representations made by Sentula, the FSB resolved not to continue with the enforcement action, thereby concluding the investigation.
12 Oct 2009 09:29:02
(Official Notice)
06 Oct 2009 11:38:16
(Official Notice)
30 Sep 2009 17:49:38
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 March 2009 was dispatched on 30 September 2009 and contains no material modifications to the condensed preliminary audited results published on 24 June 2009. The annual report will also be available to download from the company website at www.sentula.co.za. The annual general meeting of shareholders of Sentula will be held on Friday, 4 December 2009 at 10:00 in the Oleander Room at the Sandton Sun, corner Fifth and Alice Streets, Sandton.
09 Sep 2009 14:48:14
(Official Notice)
Further to the announcements dated Wednesday, 24 June 2009 and Monday, 27 July 2009, shareholders are advised to continue to exercise caution when dealing in the company's securities until full details of the rights offer have been announced.
08 Sep 2009 09:29:24
(Official Notice)
Sentula will host a number of investors and analysts, Tuesday, 8 September 2009 at the Koornfontein mine in Mpumalanga. The site visit includes a tour of the underground mine and the plant and surface operations. No new material information will be presented in respect of current trading or future financial performance of the company.
19 Aug 2009 08:38:09
(Media Comment)
Business Report noted that Sentula has come under fire for failing to warn investors when it released its annual results in June 2009 about how tough trading conditions had been for the company during its first quarter to June. At a general meeting, SA Stock Brokers portfolio manager Ron Klipin, said the company had not disclosed in its annual results presentation that first-half profit to September will fall as much as 81% even though the coal market is relatively buoyant. Sentula CE Robin Berry replied that if "once-off" events during the half year to September were stripped out, then the six-month period would have been similar to the six months to March.
18 Aug 2009 15:06:36
(Official Notice)
Shareholders are advised that at the general meeting of Sentula held on Tuesday, 18 August 2009, convened in terms of the notice of general meeting contained in the circular to shareholders issued on 27 July 2009, all the resolutions were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.
13 Aug 2009 09:11:35
(Official Notice)
Sentula has previously announced that it has been considering various initiatives to, inter alia, strengthen its balance sheet and allow for the alignment of its capital structure to its business model and the current environment. This announcement provides background to the requirements for these initiatives, a trading update and salient features of an envisaged capital raising.



Trading update

Sentula is expecting basic earnings and headline earnings per share of between 15 and 25 cps for the six months ending 30 September. Basic earnings per share and headline earnings per share for the six months ended 30 September 2008 were 79.8 and 69.6 respectively. Trading conditions in the current six month period have been more demanding than those that prevailed in the prior period ended 30 September 2008 during which commodity markets and related activity was strong. The trading conditions during the past six month period were also more onerous than those of the second half of the prior financial year as the mining industry continues to experience negative growth.



The company expects a general improvement in trading conditions in the second half of the year supported by recovering commodity markets and a return to higher levels of mining, processing and ancillary activity. The release of the interim results announcement for the six months ended 30 September 2009 is expected to be published in mid November 2009.



Capital raising

Sentula and its consortium of financiers have renegotiated the restructure of the senior debt facility of approximately R1.6 billion.



A circular containing details of the General Meeting was sent to shareholders on Monday, 27 July 2009. Following the passing of the requisite resolutions to be tabled at the General Meeting the board of Sentula will finalise and announce the terms of the rights offer.
27 Jul 2009 17:24:09
(Official Notice)
Shareholders are referred to Sentula's audited provisional results announcement released on SENS on Wednesday, 24 June 2009, wherein Sentula announced that it is considering various initiatives to, inter alia, strengthen its balance sheet and allow for the alignment of its capital structure to its business model and the current environment. These initiatives are anticipated to create a more robust balance sheet and could contribute towards lower financing costs and the creation of a platform from which to take advantage of growth opportunities.



Shareholders are advised that a circular containing details of the general meeting ("the circular") has been posted on Monday, 27 July 2009.



Notice of general meeting

Notice was given that a general meeting of the shareholders of Sentula will be held at 100 Grayston Drive, Sandown at 10:00 on Tuesday, 18 August 2009 for the purpose of considering and, if deemed fit, passing with or without modification the resolutions set out in the notice of general meeting.



Salient dates and times

The salient dates and times in respect of the general meeting are as follows:

*Circular posted to Sentula shareholders -- Monday, 27 July 2009

*Last day for shareholders to lodge form of proxy by 10:00 -- Friday, 14 August 2009

*General meeting to be held at 10:00 -- Tuesday, 18 August 2009

*Results of general meeting to be released on SENS Tuesday, 18 August 2009



Renewal of cautionary

Further to the announcement dated Wednesday, 24 June 2009, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
25 Jun 2009 09:10:47
(Media Comment)
Sentula Mining was seeking the return of R242 million and had been granted sequestration orders against former financial director James Holland for alleged misappropriation of funds, chief executive Robin Berry said. orders have been granted against other individuals, firms and trusts. The matter is not affecting Sentula's operations.
24 Jun 2009 07:45:28
(C)
Revenue increased to R3 billion (R2.7 billion) for the year 31 March 2009. Operating profit before finance charges soared to R479.7 million (R120 million) and earnings attributable to ordinary shareholders more than doubled to R278.5 million (R110.3 million). In addition, headline earnings per share rose to 109.1cps, from a loss of 26.5cps previously.



Dividend

No dividend has been declared.



Cautionary

Shareholders are advised that the board of directors of Sentula is considering various initiatives to, inter alia, strengthen its balance sheet and allow for the alignment of its capital structure to its business model and the current environment, 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 of the details of the initiatives is made.



Outlook

Given the current export coal price forecasts, and the Richards Bay Coal Terminal throughput projections, the contribution from Koornfontein in the coming year, is expected to be similar to that reflected in the year under review.



Of the four resource areas in the Merafe Coal Joint Venture, two of the prospects, namely Schoongezicht and Bankfontein are currently being progressed to development. The mine licensing and environmental impact assessment process is well under way on both projects and is expected to be completed in September 2009. Further exploration drilling is being undertaken on the remaining Merafe Coal prospects.



Sentula is currently invested in six projects (four in South Africa, one in Botswana and one in Zambia).
20 May 2009 09:12:58
(Official Notice)
The board of directors of Sentula hereby notifies its shareholders that Sir Sam Jonah, informed the board of his decision to step down as Chairman of Sentula with immediate effect. He remains on the board as a non-executive director and remains fully committed to the further development of Sentula. The former Deputy Chairman, Mr Jeff van Rooyen takes over the role as Chairman of the board with immediate effect and Mr Jonathan Best has been appointed as Deputy Chairman.
12 May 2009 16:57:18
(Official Notice)
05 Mar 2009 14:34:55
(Official Notice)
Shareholders are referred to the cautionary announcement dated 17 December 2008 and the further cautionary announcement dated 30 January 2009, and are advised that the forensic investigation, which centred around an undisclosed bank account in the name of Scharrighuisen Open Cast Mining (Pty) Ltd, a subsidiary of Sentula, has been largely concluded. The forensic investigation has fully reconciled all hire-purchase agreements entered into in the 2007 and 2008 financial years to cash receipts. All receipts into and payments from the undisclosed account have been identified and the emphasis of the investigation has now shifted to the recovery of misappropriated assets as opposed to ascertaining whether the company was exposed to losses in excess of those already provided for in the 2008 financial year end. The provision of R242 million provided for in the results for the year ended 31 March 2008 as released on SENS on 22 October 2008 has, accordingly, fully provided for the misappropriation and no further losses are anticipated. In addition, the company confirms that the forensic evidence supports the fact that the party responsible for depositing an amount of R24 million into the undisclosed account is identical to the recipient of funds from the undisclosed account and, accordingly does not represent a further loss to the company. Based on the progress made in the forensic investigation, the board of directors believes that there is no liability to the company regarding this deposit of R24 million received into the undisclosed account. As the board of directors believe that the issues addressed above, cease to have any effect on the company, caution is no longer required to be exercised by shareholders when dealing in their securities.
03 Feb 2009 10:02:03
(Official Notice)
A review of the projected financial results for the year ending 31 March 2009 by the board has indicated that:

*Basic earnings per share is expected to be between 17% and 32% lower than the forecast released on SENS on 27 June 2008 , equating to between 141 and 116 cents

*Headline earnings per share is expected to be between 24% and 37% lower than the forecast, equating to between 130 and 107 cents.



The reductions in comparison to the forecast are due to the following:

*There has been a marked reduction in resource prices, specifically ferrochrome, which has had an adverse impact on the subsidiary exposed to this sector

*The general reduction in commodity prices has resulted in a reduced demand for exploration drilling. However, this division?s exposure to the coal and platinum markets has mitigated this reduction and is expected to underpin revenues for the foreseeable future

*Slower than anticipated turn-around in Scharrighuisen Open Cast Mining (Pty) Ltd, a subsidiary of Sentula, as a result of disappointing asset availability and historic contract pricing. These legacy issues are currently being addressed.

Sentula's financial results for the year ending 31 March 2009 are expected to be released on or about 15 June 2009.

30 Jan 2009 13:18:36
(Official Notice)
Shareholders are advised that the forensic investigation, which centres around an undisclosed bank account in the name of Scharrighuisen Open Cast Mining (Pty) Ltd, a subsidiary of Sentula, is still being conducted. Notwithstanding that the emphasis of the investigation has shifted to the recovery of misappropriated assets as opposed to ascertaining whether the company was exposed to losses in excess of that already provided for in the 2008 financial year end, the outcome of the investigation may still have a material impact on the company's securities.

As detailed in the cautionary announcement dated 17 December 2008, there were two principal areas of investigation that were not yet concluded

*An amount of R24.1 million received into the undisclosed account from an unidentified third party

*An amount of R68 million for which supporting documentation had not yet been received in respect of installment sales agreements.

Although it is believed that the known impact has been fully provided for, as detailed above, the investigation has not yet been finalised. Shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made in this regard.
17 Dec 2008 15:58:42
(Official Notice)
05 Dec 2008 16:00:29
(Official Notice)
Shareholders are advised that Mr Allan Joffe has tendered his resignation as a non-executive director of the company with immediate effect.
04 Dec 2008 17:17:14
(Official Notice)
The board of directors of Sentula hereby notifies its shareholders that, subsequent to the dispatch of the notice of annual general meeting, Mr Richard Jonah withdrew his offer to stand for re-election as a director.
04 Dec 2008 13:51:52
(Official Notice)
Shareholders are advised that, at the annual general meeting of Sentula, all the resolutions set out in the notice and proposed at the meeting were passed by the requisite majority of shareholders, with the exception of resolution number four regarding the re-election of Mr RK Jonah as director, as after the notice was dispatched to shareholders, Mr RK Jonah withdrew his offer to stand for re-election, resolution number six regarding the confirmation of the non-executive directors' remuneration for the year ended 31 March 2008 which resolution was not passed by the requisite majority of shareholders in terms of the Companies Act, 1973 (Act 61 of 1973), as amended, and ordinary resolution number two regarding approval to issue ordinary shares, and to sell treasury shares, for cash which resolution was not passed by the requisite majority of shareholders in terms of the Listings Requirements of JSE Ltd. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration Office in due course.
28 Nov 2008 11:37:16
(Official Notice)
Shareholders are notified that independent non-executive director, Mr Jeffrey van Rooyen, has been appointed as deputy chairman of the board with immediate effect. Jeffrey succeeds Mr Dines Gihwala who resigned as Deputy Chairman and non-executive director on 11 September 2008.
24 Nov 2008 13:36:29
(Official Notice)
Shareholders are referred to note twelve in the form of proxy contained in the annual report posted to shareholders on 11 November 2008, wherein the date to lodge forms of proxy was erroneously stated as Monday, 17 November 2008. Please note that forms of proxy should be lodged with or mailed to Link Market Services South Africa (Pty) Lt so as to be received by no later than 10:00 on Tuesday, 2 December 2008, or 48 hours before any adjournment of the annual general meeting which date, if necessary, will be released on SENS.
20 Nov 2008 07:00:14
(Media Comment)
Sentula is in discussions with the JSE to lift its suspension, reported Business Day. The two are discussing whether the posting of the group's revised annual report has given shareholders enough certainty to enable Sentula's shares to start trading again, said CEO Robin Berry. Mr Berry also said that provisions have been made and steps were been taken to recover funds that unnamed executives had siphoned out of the company.
19 Nov 2008 08:05:17
(C)
Revenue for the six months to 30 September 2008 increased by 60% over the corresponding period to R1.7 billion (R1.1 billion). Operating profit rose to R296.3 million (R249.2 million) and attributable earnings increased by 53% to R183.5 million and basic earnings per share increased by 18.2% to 79.8cps (67.5cps). In addition, headline earnings per share grew marginally to 69.6cps (67.5cps).



Dividend

No interim dividend has been declared.



Prospects

Management is confident that Sentula is making good progress. Sentula will now concentrate efforts on executing the company's growth strategy, which given the underlying mix and fundamentals of the businesses, presents solid prospects despite the global resource markets volatility. The company has also completed the initial high level valuation of its coal investments, in line with undertakings made in June 2008 and looks forward to presenting their potential value in due course. The next six months should be positive.
14 Nov 2008 14:03:01
(Official Notice)
Shareholders are advised that a review of the financial results for the six months ended 30 September 2008 by management has indicated that:

* attributable earnings per share is expected to be between 73 and 86 cents;

* headline earnings per share is expected to be between 63 and 76 cents;

* adjusted earnings per share is expected to be between 67 and 82 cents; and

* earnings before interest, tax, depreciation and amortisation is expected to be between R411 and R485 million.

The financial information on which this trading statement is based, has not been reviewed or reported on by Sentula`s auditors. Sentula`s interim financial results are expected to be released on or about 19 November 2008.
11 Nov 2008 14:47:18
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 March 2008 was dispatched on 11 November 2008 and contains no material modifications to the audited abridged financial results published on 22 October 2008.



Notice was also given that the annual general meeting of shareholders of Sentula will be held on Thursday, 4 December 2008 at 10:00 in the Oleander Room at the Sandton Sun, corner Fifth and Alice Streets, Sandton, to transact the business stated in the notice of the annual general meeting, which is contained in the annual report.
24 Oct 2008 13:44:47
(Official Notice)
Shareholders are referred to the cautionary announcement dated 9 September 2008, and are advised that subsequent to the release on 22 October 2008 of the audited results for the year ended 31 March 2008 and the restated results for the year ended 31 March 2007, caution will no longer be required to be exercised by shareholders when dealing in their securities once the voluntary suspension of trade of the company's securities is lifted. Sentula will keep shareholders informed.
22 Oct 2008 14:54:33
(C)
The March 2007 results have been restated and the group's performance in 2008 has shown relative growth. Unfortunately further events transpired that also necessitated a restatement of the 2008 reviewed results. Revenue for the year increased by 112% to R2.7 billion from R1.3 billion restated for the prior year. Headline earnings per share declined to a loss of 8.2c from earnings of 41.6c in the prior year as a result of the provision for unaccounted funds of R242 million.
22 Oct 2008 14:06:55
(Official Notice)
Shareholders are hereby invited to attend a management briefing on Wednesday, 22 October 2008 at 16:00 at the Sandton Convention Centre, Committee Room 2, level 4. A recording of the briefing will be posted on the company website. The company is in the process of publishing the audited results for the financial year ended 31 March 2008 and the restated results for the financial year ended 31 March 2007. The company's auditors KPMG Inc have finalised the audit and the audit opinion will be included in results announcement. The annual report will be posted to shareholders as soon as possible and by no later than Wednesday, 12 November 2008. Furthermore, shareholders are reminded that Sentula's interim results will be announced on Wednesday, 19 November 2008 and the annual general meeting will held at the Sandton Sun, at 10:00 on Thursday, 4 December 2008. Shareholders are reminded that the company is in a closed period.
16 Oct 2008 08:57:40
(Media Comment)
Business Report quoted sources close to Sentula that the firm will restate its earnings for the year to March 2007 for a second time as a result of "material irregularities" discovered by KPMG. It is anticipated that Sentula will make the announcement in the third week of October 2008. The 2008 results will also be restated. The "material irregularities" include the alleged stealing of Sentula assets and a "... scheme to defraud the company".
01 Oct 2008 17:43:30
(Official Notice)
Mr Patrick Modisane has been appointed as an executive director and Head of Transformation and Human Resources with effect from 1 October 2008. Patrick fills a newly created management role at Sentula and he will be responsible for developing and implementing processes to ensure robust transformation and human resources management across the group, reporting directly to the CEO, Mr Robin Berry.
19 Sep 2008 11:31:27
(Official Notice)
Sentula announced the appointment of Mr Dirk Miller as Chief Executive of its subsidiary, Scharrighuisen Opencast Mining, with effect from 6 October 2008.
17 Sep 2008 08:32:37
(Media Comment)
Sentula CEO Robin Berry was quoted in Business Day as saying that Sentula had given itself five years to become a junior coal mining company producing up to 20 million tons a year. Berry also said that the company wanted to take advantage of rising region global demand for coal and energy, which he saw continuing "for the foreseeable future".
12 Sep 2008 12:48:13
(Official Notice)
Shareholders of Sentula are advised that Robin Berry, Chief Executive Officer, delivered a presentation on coal mining operations at the Nedbank Securities Mid-Cap Conference 2008, on Thursday, 11 September 2008. The presentation is available for download on the Sentula website, www.sentula.co.za.
12 Sep 2008 12:42:33
(Official Notice)
Mrs Pulane Tshabalala Kingston, Mrs Marion Lesego "Dawn" Marole, Mrs Andiswe "Andy" Kawa and Mr Jeffrey van Rooyen have been appointed as independent non-executive directors with effect from 11 September 2008. Further to the above appointments, the board of Sentula regrets to announce the resignation of Mr Dines Gihwala as deputy chairman and non-executive director, with immediate effect.
11 Sep 2008 17:43:52
(Official Notice)
A number of institutional investors and analysts visited the Sentula operations at Komatipoort in Mpumalanga yesterday, Wednesday, 10 September 2008. The operational visit was specifically to the Nkomati Anthracite Mine. A presentation was made by CEO, Robin Berry. The presentation contained no new material information in respect of current trading or future financial performance. The presentation is available for download on Sentula's website.
11 Sep 2008 08:14:34
(Official Notice)
Further to the cautionary announcement dated 9 September 2008 wherein shareholders were advised that KPMG Forensic had been mandated to investigate possible irregular transactions which may have a material impact on the company's reviewed results for the years ended 31 March 2008 and 31 March 2007, shareholders are advised that the company has requested the JSE to suspend trade in the company's securities until the finalisation and publication of these results. Due to the current uncertainty regarding the magnitude of the pending restatement of Sentula's reviewed results, the company believes that the suspension of trade is in the best interests of its shareholders. The company would like to reassure shareholders that it will endeavour to resolve these matters as soon as possible and will keep shareholders informed.
09 Sep 2008 15:06:24
(Official Notice)
Further to the announcement, dated 11 August 2008, shareholders are advised that KPMG Forensic has finalised their investigation into the circumstances that led to the restatement of the results for the year ended 31 March 2007 and have presented their findings to the company. The company is in the process of obtaining legal advice with regards to instituting action against individuals and entities that have been implicated in these findings. Certain of the individuals implicated are past members of management.



Flowing from this initial investigation, the company has mandated KPMG Forensic to investigate other possible irregular transactions which may have a material impact on the company's reviewed results for the year ended 31 March 2008 and 31 March 2007, as presented on 25 June 2008. The company believes that these irregularities will not have an impact on the company's cash position and that the prospects for the current year remain intact. The conclusions of this further investigation will be made known to shareholders as soon as possible. The above developments 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. As a result of the above, the company would like to advise shareholders that there will be a delay in the presentation of the annual report until on or about 27 October 2008.



The company understands that the investigation by the FSB into dealings in Sentula securities between 1 January 2008 and 30 May 2008 and the restatement and timing of the trading update is continuing.
08 Sep 2008 17:57:35
(Official Notice)
Clint Moorcroft has resigned as an executive director, with immediate effect.
11 Aug 2008 13:15:47
(Official Notice)
Sentula announced in June 2008 that the board of directors had appointed a sub-committee, comprising the deputy chairman (Dines Gihwala), the head of the audit committee (Jonathan Best) and an accounting firm (KPMG) to review the circumstances that led to the restatement of the 2007 financial results and to report thereon as soon as the investigation was completed.
07 Aug 2008 07:31:13
(Official Notice)
Shareholders of Sentula are hereby advised that Barnard Jacobs Mellet Corporate Finance (Pty) Ltd has resigned as Sponsor to Sentula on the JSE, effective 1 August 2008 and that Merchant Sponsors (Pty) Ltd has been appointed as Sponsor to Sentula, effective 4 August 2008.
29 Jul 2008 16:24:31
(Official Notice)
Shareholders are referred to the announcement dated 27 June 2008 wherein the details of the profit forecast for the year ending 31 March 2009, released by Sentula's management during a conference call, were provided. In compliance with the listings requirements of the JSE Ltd, Sentula was required to obtain a reporting accountants' report on the profit forecast and accordingly, shareholders were advised to exercise caution when dealing in the company's securities until such time as the company has obtained the reporting accountants' report.



Reporting accountants' report and withdrawal of cautionary announcement shareholders are advised that BDO Spencer Steward (Johannesburg) Inc has submitted their reporting accountants' report on the profit forecast to the JSE. Their report has confirmed that the profit forecast is acceptable and conforms to the Revised Guide on Profit Forecasts as issued by SAICA. The report will be available for inspection at the offices of Sentula at 28 Patrick Road, Jet Park, Boksburg, 1459. Accordingly, shareholders no longer need to exercise caution when dealing in their Sentula securities.
11 Jul 2008 15:18:21
(Official Notice)
Dr Paula Huysamer has decided to resign as a non-executive director with immediate effect.
27 Jun 2008 08:20:37
(Official Notice)
The JSE halted trading in Sentula`s shares until the publication of this announcement. The halt will be lifted by the JSE following the publication of this announcement. The expected increase in the earnings would be as a result of the following:

* expansion of the operating fleet, in line with 2008 capital expenditure;

* full year consolidation of 2008 acquisitions;

* full year accounting for investment in associated company (Koornfontein); and

* awarding of additional contracts, the full benefit of which will come through in the 2009 financial year.



Shareholders are advised to exercise caution when dealing in the company?s securities until such time as the company has obtained a reporting accountants` report on the profit forecast.
26 Jun 2008 09:36:41
(Official Notice)
The JSE advised that it has halted trading in Sentula's securities pending the release of an announcement by the company.
26 Jun 2008 09:05:15
(Media Comment)
According to Business Report, Sentula has come under fire from investors, who are hurt by the sharp decline in its share price earlier this month. The investors raised questions about whether the company's directors and shareholders had undertaken or were aware of insider trading.
25 Jun 2008 09:11:21
(C)
Revenue for the year to 31 March 2008 increased to R2.66 billion from R1.38 billion as restated in the prior year. Opencast mining services contributed R1.36 billion (49%) of revenue while exploration drilling contributed R774 million (28%) of group revenue and drilling and blasting services contributed R202 million (7%). Crane hire and equipment trading contributed R426 million (15%) and R36 million (1%) of turnover, respectively. Operating profit amounted to R376.3 million (2007: R189.6 million), resulting in an operating margin of 14.15% (2007: 13.77%). This includes the lower margin business of Benicon Sales. Attributable, headline and core earnings per share increased to 116.4 cents, 107.5 cents and 93.9 cents, respectively compared to the prior year restated figures of 56.3 cents, 77.9 cents and 71.2 cents, respectively. The net debt to equity ratio increased to 69% (2007: 58%) following the increased borrowings to fund the group?s growth.



Dividends

A final dividend of 10 cents per share is proposed consistent with the 10 cents per share of last year for a total dividend of 21 cents per share for the year ending 31 March 2008.
20 Jun 2008 15:06:34
(Official Notice)
After a long association with Sentula, Mr Jason Holland resigned on 18 June 2008 as finance manager and as a director of its subsidiary Scharrighuisen Opencast Mining (Pty) to pursue other interests.
18 Jun 2008 12:47:13
(Official Notice)
After a long association with the company and board of directors at Sentula, Mr Treve Hendry has decided to resign as a non-executive director with immediate effect, to devote his time exclusively to Argent Industrial Ltd, where he is CEO.
04 Jun 2008 08:26:00
(Media Comment)
According to Business Report, the Financial Services Board ("FSB") is investigating whether there was insider trading in Sentula's shares before they fell 31% on Monday, 2 June 2008. Peter Redman, the JSE's surveillance officer, said the exchange had referred the case to the FSB.
02 Jun 2008 09:06:39
(Official Notice)
24 Apr 2008 10:43:06
(Media Comment)
According to Finweek, Sentula looks like it is been ignored by the market, despite the potential that the company has. Sentula's strong position in coal development in South Africa is not reflected in the share price. One of the reasons that chief financial officer Deon Louw has given for the poor performance is the number of acquisitions that that the group has made. Louw also mentioned the abnormally heavy rainy season that South Africa has just experienced, which adversely affects opencast mining, as well as the change in its shareholding structure, when two major shareholders reduced their holdings in the company.
25 Feb 2008 14:41:22
(Official Notice)
Shareholders of Sentula are advised that Mr Robin Berry, CEO of Sentula, delivered a presentation on coal mining operations at the Mid Cap Opportunities Conference 2008 hosted by Barnard Jacobs Mellet. The presentation is available on the Sentula website, www.sentula.co.za.
31 Jan 2008 08:02:45
(Media Comment)
Business Day reported that a new joint venture company involving Sentula, Jonah Capital and Aquila Resources of Australia hopes to build a mine and power station in Botswana by 2015-17 to help address southern Africa's energy needs. Sentula owns 40% of the joint venture company, known as Asenjo Energy. Asenjo Energy said that if drilling results were positive the company could be listed.
23-Nov-2007
(Permanent)
Scharrig Mining Ltd renamed to Sentula Mining Ltd on 26 November 2007.
03 Aug 2006 09:02:48
(Official Notice)
Schamin shareholders are referred to the announcement dated 28 February 2006. The transactions circular has been approved by the JSE and will be posted to shareholders today, 03 August 2006.



Salient dates pertaining to the transaction:

*Proxies received by transfer secretaries by 09:00 on Wednesday, 23 August

*General meeting of Schamin shareholders held at 09:00 on Friday, 25 August

*Results of general meeting released on SENS Friday, 25 August
29 Jun 2006 08:45:48
(C)
Revenue increased by 9% on the corresponding period to R616.5 million (R567.6 million). Improved operating efficiencies enabled the group to improve its operating margin to 24.6% (20.4%). The companys operations were adversely affected in February and March by abnormally high rainfall experienced in its operating areas. Headline earnings per share increased by 49% to 69.3c (46.6c) and cash generated by operations for the year was R272.3 million (R220.3 million) which equated to 211cps (177cps). Net asset value per share grew to 240c (184c). Schamins debt to equity ratio decreased to 102% from 113% at 31 March 2005.



Capital Expenditure

The company invested a net amount of R282 million in capital equipment of which R96 million was of replacement in nature. In March, a package of 12 new articulated dump trucks, four dozers and one excavator became available. Given the worldwide shortage of excavating equipment the company took the decision to acquire the package, at a cost of R60 million. The continued worldwide demand for mineral resources will continue to limit the number of plant items that are available on the open market. Schamin believes that by expanding its fleet it will continue to be well positioned to meet the expected increased demand for its services.



Prospects

Although the companys focus in the short term is to bed down the acquisitions it has or will shortly conclude, it will continue to look at opportunities that are consistent with its growth strategy. All of its operations and proposed acquisitions are trading well and are budgeting for improved operating performances in the 2007 financial year.



Final dividend

A final dividend of 7c (4c) per share has been declared by the board.
15 May 2006 09:14:57
(Official Notice)
Scharrig announced on 15 May 06 that it expected headline earnings per share and earnings per share to rise by between 45% and 55% higher than the headline earnings of 46.6cps and the earnings of 46.6cps for the 12 months ended 31 March 2005.



The Benicon transaction has been finalised, and that the company is awaiting Competition Commission approval. The proposed acquisition by Scharrig of certain assets and liabilities Transbor (Pty) Ltd and Geosearch International has been delayed by the preparation of financial information in compliance with IFRS. Once this has been finalised, the circular to shareholders will be posted on or about 12 June 2006.
07 Apr 2006 16:27:29
(Official Notice)
Nesta Glover has resigned as the company secretary of Schamin with effect from 28 April 2006. Debbie Wise will be appointed as the company secretary of Schamin with effect from 29 April 2006.
13 Mar 2006 12:26:26
(Official Notice)
At the board meeting of directors of the company held on Thursday, 9 March 2006, Mr Treve Hendry, a non-executive director of the company, was appointed as an executive director of Schamin with effect from 9 March 2006.
28 Feb 2006 09:08:35
(Official Notice)
01 Feb 2006 17:26:34
(Official Notice)
Negotiations are currently in progress, which, if successfully concluded, may have a material effect on the share price of Scharrig. shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
19 Dec 2005 15:09:50
(Official Notice)
Shareholders are advised that further to the cautionary announcement published on SENS on 8 November 2005, the Company has concluded an agreement for the purchase of the business of Benicon as a going concern "the acquisition"). Benicon conducts the business of a contract miner, conducts earthmoving and earthwork operations and is a trader in related earthmoving and mining equipment and spares. Benicon has operated in the same market as Schamin since 1979 and enjoys a solid reputation for service and commitment to clients. The sole shareholder of Benicon is Nicolaas Jacobus van der Merwe ("Van der Merwe"). Van der Merwe has agreed to sign a three year service and restraint of trade agreement with Schamin.



Schamin is acquiring the business of Benicon as a going concern. The purchase consideration of R56.5 million is payable in cash of R26,5 million (which will be funded from internal resources) and by the allotment and issue of 6 000 000 (six million) ordinary shares of 1c each in Schamin ("the shares") to Benicon. The shares are issued at a price of 500cps, which is at a 1% premium to the Schamin share price at close of business on 21 September 2005, being the day prior to the first cautionary announcement being published. The effective date of the acquisition is 1 September 2005. Application will be made, subject to certain suspensive conditions set out below being fulfilled, to the JSE for the listing of the shares.



The acquisition constitutes approximately 7,4% of Schamin's current issued share capital and is categorised as a Category 3 transaction by the JSE. Therefore this announcement appears for information purposes only. The transaction is at arm's length and does not require shareholders approval or a circular to be sent to shareholders. Shareholders will be informed via SENS on the fulfillment of the suspensive conditions to the transaction. Shareholders are referred to the cautionary announcement dated 8 November 2005 and are advised that as a result of this announcement the cautionary is now withdrawn.

14 Nov 2005 10:48:51
(C)
Turnover increased by 13% over the corresponding period in 2004. Operating profit for the six-month period increased to R72.5 million which represents a 44.8% increase. The group's operating margin has increased to 23.2% at September 2005 from 18.1% in September 2004. Headline earnings per share of 31c were 42% higher than the corresponding period for 2004. An interim dividend of 5c per share has been declared (3.5c) which represents an increase of 41.6% over the prior year. Schamin's debt to equity ratio has decreased to 103% from 125% at September 2004. The debt to equity ratio should decline further by the end of the financial year.



Prospects

Schamin should achieve real earnings growth for the 2006 financial year driven by continuing strong demand for its services; operational efficiencies; and the increased size of the fleet.
09 Nov 2005 14:06:49
(Official Notice)
Shareholders are advised that the earnings and headline earnings per share of Schamin for the interim period ended 30 September 2005 are expected to be between 35% and 45% higher than that for the previous comparable period. These results include the impact of International Financial Reporting Standards ("IFRS"), which have for the first time been used in preparing the results. After restating the prior corresponding results to comply with IFRS, the increase in earnings and headline earnings per share will be between 35% and 45%. Schamin's interim results for the six months ended 30 September 2005, which will include full details of the impact of adopting IFRS, will be published on or about 15 November 2005.
08 Nov 2005 13:00:32
(Official Notice)
Shareholders are referred to the cautionary announcement published on SENS on 22 September 2005 wherein it was advised that the company had entered into discussions. The company is still engaged in these discussions which, if successfully concluded, may have an impact on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in their shares until a further announcement is made.
29 Sep 2005 17:24:37
(Official Notice)
H Stoyell and A Joffe were appointed as non-executive directors with effect from 28 September 2005. T Scharrighuisen resigned as non executive chairman of Schamin and D Gihwala was appointed as new non executive chairman with effect from 28 September 2005
22 Sep 2005 12:59:22
(Official Notice)
Schamin is involved in negotiations that if successfully concluded, may have an effect on the company`s share price. Accordingly, shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
20 Sep 2005 15:02:37
(Official Notice)
Shareholders are advised that Mr Dines Gihwala and Mr Richard Jonah have been appointed as non-executive directors to the board with immediate effect.
22 Aug 2005 17:07:13
(Official Notice)
It was announced on SENS on 18 July 2005 that a BEE consortium had exercised an option to purchase 34.38 million shares in the company from Mr T Scharrighuisen (`the option`) at an exercise price of 228.6c per Schamin share, being a 42.9% discount to the closing price at which Schamin shares traded on 13 July 2005. Pursuant to the exercise of the option, the BEE consortium held 41.17% of the company`s issued share capital. The exercise of the option constituted an affected transaction in terms of the Securities Regulation Panel Code on Take-Overs and Mergers. The BEE consortium was accordingly obliged to extend an offer to the Schamin minority shareholders to acquire all or part of their Schamin shares in exchange for a cash consideration of the offer price (`the offer to minorities`). The offer to minorities opened at 9:00 on Thursday, 28 July 2005 and closed at 12:00 on Friday, 19 August 2005. Shareholders holding 2 956 shares representing 0.002% of all shareholders in the company have accepted the offer to minorities.
16 Aug 2005 17:43:49
(Official Notice)
The company has advised that its management will be embarking on an investor roadshow to institutional investors from 17 August 2005 to 19 August 2005.
28 Jul 2005 10:40:15
(Official Notice)
Shareholders are referred to the announcement published on SENS on 18 July 2005 relating to a mandatory offer of 228.6cps to Schamin minority shareholders by a BEE Consortium led by Mr Dines Gihwala and Mr Richard Jonah. The offer circular to shareholders has been posted today and accordingly the offer is open for acceptance.



Sasfin Corporate Finance has been appointed as independent advisor to the offer, has considered the terms and conditions of the offer and are of the opinion that such terms and conditions are not fair and not reasonable to minority shareholders of Schamin.



The offer circular contains notes to the financial statements for the year ended 31 March 2005 which have not yet been published as the audited 2005 results announcement of 27 June 2005 did not include these notes. The 2005 annual report is expected to be finalised and published shortly and shareholders will be advised when it is posted.

18 Jul 2005 17:53:16
(Official Notice)
27 Jun 2005 12:58:03
(C)
Turnover increased by 3.3% over the corresponding period in 2004 to R567.5m. In May 2004 the method of invoicing customers changed from a `wet- rate`, which includes the cost of diesel to a `dry-rate`, which excludes the cost of diesel. On a like-for-like basis, turnover increased by 23% over the 2004 financial year aided by strong underlying demand for the group`s services from the South African coal mining industry. The group`s operating profit margin increased to 20.9% from 11.1% in the prior year (12.9% in the prior year on a `dry-rate` basis). Headline earnings per share of 46.6c were 101% higher than in 2004. A final dividend of 4c per share has been declared (2.5 cents in 2004) to bring the total dividends for the year to 7.5c (4.5c in 2004), which represents an increase of 66.6% over the prior year. Cash generated from operations for the year was R219.5m (R161m) which equates to 176.8c per share (131.9c per share).



Prospects

Schamin will continue to look at new projects that add value to the current operations. Based on the current order book and the existing fleet of plant and equipment, management is targeting an increase in turnover during the 2006 financial year with improved operating efficiencies. Accordingly, improved operating results should be achieved in the 2006 financial year.
01-Aug-2017
(X)
Unicorn has been listed on the Main Board of the JSE since 1993. The Group is actively involved in the provision of contracted opencast mining, overburden drilling and blasting, mobile crane hire and exploration drilling services to the mining sector. Unicorn is one of the major suppliers of outsourced mining services in the South African coal mining industry. The Group?s foothold in the coal and energy sector, coupled with its diversified service offering, has contributed to its ability to weather the prevailing challenging economic environment.



Unicorn is in the process of pursuing opportunities to dispose of its interests in its coal mining investments, with the intent to unlock the value inherent in these prospects and projects. This will enable the Group to focus on its core, namely the provision of mining services.


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