|Vivo Energy plc announces that it will be included as a constituent of the FTSE 250 Index and the JSE All Share Index later this month. The inclusion in both indices was announced yesterday by FTSE Russell. Vivo Energy?s entry into the FTSE 250 Index will take effect from the start of trading on Monday 24 September 2018, with inclusion in the JSE All Share Index taking place on Tuesday 25 September 2018. This follows Vivo Energy?s Initial Public Offering with admission to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange and to listing and trading as a secondary inward listing on the Main Board of the securities exchange operated by the Johannesburg Stock Exchange on 10 May 2018.|
|Vivo released their maiden set of interim results, therefore there are comparative figures. Revenue for the period came in at USD3.672 billion, gross profit was USD312.1 million, net income attributable to equity holders of Vivo was recorded at USD65 million, while headline earnings per share was USD5 cents per share. |
The company declared an interim dividend in respect of the financial period ended 30 June 2018 of USD0.00665 per share, payable on 17 September 2018 to ordinary shareholders on the register as at 17 August 2018.
Shareholders who hold shares through the Johannesburg Stock Exchange will receive their dividend in South African rand. For shareholders on our South African share register a dividend of R0.087913 per share will be paid on 17 September 2018, using an exchange rate of 13.22 USD/ZAR.
Overall performance for the first half of the year remained in line with the Group's objectives for the fiscal year. We continue to expect annual volume growth to be within our target mid-single digit percentage range, with an overall broadly stable gross cash unit margin.
Following consumer activism in Morocco across several sectors during Q2 2018, the Moroccan government initiated dialogue with the Moroccan Petroleum Group (GPM), the industry representative body, to discuss price regulation. Whilst discussions have taken place, at this stage no plans regarding price regulation have been confirmed.
Vivo expects to provide further updates on its medium-term objectives, reflecting the impact of the EIHL transaction, in due course.
|As set out in Vivo interim 2018 results announcement, the Company is pleased to declare an interim dividend in respect of the financial period ended 30 June 2018 of USD0.00665 per share, payable on 17 September 2018 to ordinary shareholders on the register as at 17 August 2018.|
Shareholders who hold shares through the Johannesburg Stock Exchange will receive their dividend in South African rand. For shareholders on the South African share register a dividend of R0.087913 per share will be paid on 17 September 2018, using an exchange rate of 13.22 USD/ZAR.
A timetable of events in relation to the dividend is set out below:
* Currency conversion date (US$/ZAR) Wednesday, 1 August 2018
* Dividend declared Thursday, 2 August 2018
* Ex-dividend date (South Africa) Wednesday, 15 August 2018
* Record date (both UK and South Africa) Friday, 17 August 2018
* Dividend payment date (UK and South Africa) Monday, 17 September 2018
|Vivo will be releasing its interim results for the half year ended 30 June 2018, at 7.00am (BST) on Thursday 2 August 2018.|
Management will host a webcast at 9.00am (BST) on 2 August 2018, which can be accessed here: www.investis-live.com/vivo-energy/5b3e265305eeee1000a8511d/fhud. Please note that a short, online registration process is required, in order to access the webcast.
|As contemplated in the prospectus for the initial public offering of Vivo, and pursuant to a special resolution of the shareholders of the Company passed on 3 May 2018, the Company announces that at a hearing in the High Court of Justice, Business and Property Courts of England and Wales on 12 June 2018, an order was given to confirm the reduction of the nominal value of the ordinary shares in the capital of the Company by USD1.00, from USD1.50 to USD0.50 (the ?Reduction of Capital?).|
The order was produced to the Registrar of Companies and was registered on 13 June 2018, making the Reduction of Capital effective.
The Company confirms that following the Reduction of Capital, the number of issued shares and the rights attaching to those shares remain unchanged. Following the Reduction of Capital, as at 13 June 2018, the total number of ordinary shares of USD0.50 each of the Company is 1 201 798 866.
The purpose of the Reduction of Capital is to provide distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future. It has no effect on the net asset position of the Company.
|On 30 May 2018, Vivo Energy Investments B.V. (the ?Issuer?), a subsidiary of Vivo (?the Group?), announced its intention to offer (the "Offering") USD400 million senior notes, due 2023 or 2025, guaranteed on a senior unsecured basis by Vivo and Vivo Energy Holding B.V. (the "Notes"). The Issuer received strong interest for the proposed Offering, but has decided not to proceed with the issue of Notes at this time, due to adverse market conditions. The Group will continue to actively monitor capital market conditions.|
|Vivo Energy Investments B.V., a subsidiary of Vivo Energy plc, announces an offering (the "Offering") of USD million senior notes due 2023 or 2025 guaranteed on a senior unsecured basis by Vivo Energy plc and Vivo Energy Holding B.V. (the "Notes"). Vivo Energy plc is rated BB+ (positive) by S-P and BB+ (stable) by Fitch, and the Notes are expected to be rated BB+/BB+ by S-P and Fitch. The gross proceeds of the Offering, together with borrowings under the $400 million equivalent multicurrency revolving credit facility and cash on hand, will be used to (a) repay all amounts outstanding under the amortising term facility with an outstanding principal equivalent amount equal to the aggregate of USD157 500 000 and EUR139 749 072.30 as well as an incremental term facility denominated in US dollars with an outstanding aggregate principal amount of USD160 000 000; (b) pay fees and expenses incurred in connection with the initial public offering of Vivo Energy plc and the offering of the Notes related transactions and (c) finance the expected cash consideration of the proposed acquisition by Vivo Energy plc and its subsidiary undertakings of Engen International Holdings (Mauritius) Limited and its subsidiaries and subsidiary undertakings, which is targeted for the third quarter of 2018, and related expenses.|
There will be no public offering of the Notes. The Notes will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and outside the United States in accordance with Regulation S under the U.S. Securities Act.
|The company released its maiden quarterly results following its listing therefore there are no comparatives. Revenue for the quarter came to USD1.8 billion, gross profit was USD153.8 million and profit attributable to owners of the company was recorded at USD39.8 million. Furthermore, headline earnings per share was USD1 767 cents per share.|
During the first quarter of 2018, the Company progressed steadily towards meeting the Group's objectives for the year. Looking ahead, we continue to expect annual volume growth to be within our target mid-single digit percentage range, with an overall broadly stable total Gross Cash Unit Margin.
Vivo expects to provide further updates on its medium term objectives, including the impact of the Engen transaction, in due course after completion of the transaction.
|Further to its announcement on 4 May 2018 in connection with its initial public offering (the Offer), the Company is pleased to announce that its entire ordinary share capital of 1,200,000,000 Shares has today been admitted to the premium listing segment of the Official List of the FCA and to trading on the Main Market for listed securities of the LSE under the ticker VVO, and to listing and trading as a secondary inward listing on the Main Board of the securities exchange operated by the JSE under the abbreviated name VIVO and symbol VVO. A further application has been made for the Admission of 1,798,866 Shares in connection with the subscription for Shares by certain of the directors of the Company. Admission of these Shares is expected to occur at 8.00 a.m. (UK time) on 11 May 2018.|
|The Group is a leading retailer and marketer of Shell-branded fuels and lubricants in Africa. The Group has a network of more than 1 800 service stations in 15 countries across North, West, East and Southern Africa, markets its products to commercial customers through its commercial fuels and lubricants businesses and exports lubricants to more than ten other African countries. At its service station locations, the Group also provides its customers with growing convenience retail and quick service and fast casual restaurant (?QSR?) offerings (which includes cafe?s and bakeries) in partnership with major food and retail brands (available at approximately 54% of its company-owned service stations). The Group also offers other vehicle services including oil change and car wash facilities at its service stations. The Group benefits from an integrated business model owning or having access to approximately 943,000 cubic metres of fuel storage capacity at 97 locations across Africa and enjoys a strong overall market position in the countries it operates in, being either the number one or number two retailer of fuels by volume sold in 14 out of its 15 countries of operation.|