|Revenue was up 13% to BWP1.2 billion (BWP1.1 billion). Gross profit increased to BWP514.5 million (BWP461.9 million). EBITDA jumped 40% to BWP108.9 million (BWP77.8 million). Operating profit surged 61% to BWP47.9 million (BWP29.7 million). Net attributable profit more than doubled to BWP29.6 million (BWP11.3 million). In addition, headline earnings per share soared 196% to BWP11.13t (BWP3.76t). |
A final dividend of BWP4t has been declared.
As the result of weak demand from its major source markets following the global financial crisis, combined with the strength of local currencies, the group has experienced difficult years since listing in 2010. It therefore embarked upon a strategic plan designed to address changes in the market, improve guest service, increase efficiencies and to re-size certain businesses for lower levels of demand. Management believes that the results of this process are now being seen: guest feedback is consistently better than ever before, loss-making businesses have been closed or restructured and the results of efficiency measures are being seen in operational costs.
Wilderness expects to see a slow but steady strengthening of the company's major source market the United States, with a muted recovery from source markets in Europe against a back drop of on-going uncertainty in the world economy. Many of the benefits of strategic actions taken in the business over the course of the past year will see a continued improvement in overall performance of the business. If the present weakness of the rand and the pula continues, this will further improve results.
The board is therefore cautiously optimistic about the future and thanks the group's staff for their efforts over the last year and wishes them well as we embark upon the busy season from June to September.
|Shareholders are advised of the following:|
*Wilderness, in accordance with its stated strategy of bolstering its Botswana presence, wishes to announce the appointment of Mr Parks Tafa as Chairman of the Board of Directors, with immediate effect.
*Mr Tafa will replace Mr Malcolm McCulloch who has been chairman of the board since 2003 and will continue to make his valuable contribution to the Group by remaining a non-executive director on the Board.
*In addition, Mr Michael Tollman is appointed as Deputy Chairman of the Board of Directors of Wilderness. Mr Tollman first joined Wilderness in 2005 as a director of Wilderness Safaris Investment and Finance Pty Ltd and was appointed as a non-executive director of Wilderness Holdings in 2010.
*It is also noted that the search for a Chief Executive Officer that was announced on 21 February 2013 is at an advanced stage and a statement in this regard can be expected in the second quarter of this year.
|The Board of Wilderness announced that the Group's results for the year ended 28 February 2013 are likely to be significantly higher than those achieved in the comparative period.|
|The board of directors announced that it has agreed to a realignment of the board. This was done in order to improve operations as well as to build further executive capacity and support our operations in Botswana. Effective immediately, the following changes to the board and the executive have been mutually agreed: |
* Mr Andy Payne will step down as director of the board and chief executive officer. He will complete certain projects, in a defined period of time, prior to his departure;
* Mr Keith Vincent, in addition to his role as chief operating officer, has been appointed acting chief executive officer;
* The board has elected a committee to manage the process of appointing a new chief executive officer for the company. The committee will consider both internal and external candidates for the position;
* Mr Russel Friedman will step down as a director of the board. Mr Friedman will continue to focus his attention on Wilderness' non- profit organisations; and
* Mr Dave van Smeerdijk will step down as a director of the board. Mr van Smeerdjik will remain in his position as the marketing and sales director of Wilderness.
|The board of Wilderness announced the appointment of Mr Charles de Fleurieu as a non-executive director, with immediate effect.|
|Revenue increased by 17% to BWP672.3 million (BWP576.3 million). Gross profit rose to BWP289.4 million (BWP257.4 million). EBITDA improved by 16% to BWP71.3 million (BWP61.4 million) and operating profit surged 79% to BWP47.2 million (BWP26.4 million). Net attributable profit jumped to BWP24.5 million (BWP14.4 million). In addition, headline earnings grew by 27% to BWP8.98tps (BWP7.05tps). |
The group has completed implementing most of the measures adopted to re-organise the business for lower levels of demand now being experienced as the result of the weak global economy. Most importantly, Wilderness has:
*Down-sized the Namibian and Zambian businesses;
*Merged the Zambian and Zimbabwean businesses to create efficiencies
and economies of scale in the combined business;
*Reorganised the business model of our flying operations.
The results of these changes are starting to be felt. In addition, we continue to make major investments in staff training and development, in order to maintain and improve product quality. Management therefore feels that the business is well placed to capitalise on any improvements in the business climate, as they occur.
The group enters its quietest period in the first three months of the coming calendar year. This is the so-called green season in which demand is soft due to an incorrect market perception that guest experiences are reduced in this period as the result of lush vegetation growth. Wilderness has launched a number of initiatives to increase demand during this period but have also scheduled a number of temporary camp closures in order to reduce overheads until demand increases again in April 2013. If the present weakness of the local currencies is maintained through to the year end, this will have a positive impact on the group's earnings.
|The board of Wilderness hereby announces that the Group's interim results for the six months ended 31 August 2012 are likely to be higher than those achieved in the six months ended on 31 August 2011. This is attributable to a number of factors, most importantly the weaker local currencies which translated into higher reported revenues and also to a reduction in the impairment of assets.|
Full details will be given in the interim announcement of the results, due to be released on 30 October 2012. The company will be holding a conference call to present the results to interested parties at 10.30 Central African time on that date. A presentation of the Group's interim results will be available on the company's website at http://www.wildernessholdings.com/investor_centre/presentations.
The dial in for call participants are as follows:
*South Africa : 011 535 3600
*South Africa (Toll free) : 0800 200 648
*Other Countries : +2711 535 3600
|The company would like to advise shareholders that the annual general meeting of Wilderness was held on Tuesday, 28 August 2012. All resolutions were unanimously passed. At the meeting, Mr John Gnodde retired by rotation and did not offer himself up for re-election due to other significant work commitments.|
|Notice was given that the annual general meeting of Wilderness shareholders will be held at The Gaborone Sun, Chuma Drive, Gaborone, Botswana on Tuesday, 28 August 2012 at 11:00 to transact the business as stated in the annual general meeting notice, to be posted to Botswana and shareholders.|
|Simon Brown wrote in his Finweek column that Wine Investments ("Wine") has increased its stake in Wilderness to 25.92%. Wine is owned by Travel Corporation, which owns 63.52% of Cullinan Holdings Ltd., which like Wilderness, is in the tourism sector and valued at less that R1 billion. This has led Brown to speculate that a merger between the two companies or even a delisting could be on the cards.|
|Revenue for the year ended 29 February 2012 increased by 12% to BWP1.1 billion (2011: BWP948.6 million). Gross profit rose to BWP461.9 million (2011: BWP421.8 million), operating profit fell by 41% to BWP29.7 million (2011: BWP50.5 million), while profit attributable to owners of the company plummeted to BWP11.3 million (2011: BWP100 million). Furthermore, headline earnings per share decreased to BWP3.76tps (2011: BWP11.05tps). |
Notice was given that a final dividend for the year ended 29 February 2012 of BWP8.6tps was declared on 24 May 2012. The dividend shall be paid in rand to shareholders on the South African register, calculated at the pula to rand exchange rate on 25 May 2012 which was BWP1/R1.07 and accordingly the gross dividend payable is 9.2cps.
While the economic climate remains challenging, real progress has been made in aligning the business to lower levels of demand in the industry. During this period Wilderness is pleased to report continued real growth and, while they recognise that efforts to drive continued improvement are not complete, opportunities for growth are now being pursued. This can largely be undertaken on the back of successful efforts to significantly strengthen the balance sheet of the business.
In recognition of the changing expectations of Wilderness' guests, they continue to innovate their products and develop their people. In this regard the business is excited to launch their 4Cs platform which is to frame behaviour in the future. Regardless, Wilderness continues to be nimble in adapting to the challenges presented by the prevailing uncertain global economic climate. During the coming year the company will open the newly rebuilt Duma Tau camp in Botswana and also commission new camps in the Republic of Congo and Kenya, the latter two camps being additions to their Wilderness Collection brand.
|The board of Wilderness announced that the group's results for the year ended 29 February 2012 are likely to be significantly lower from those achieved in the comparative period. This is mainly attributable to the inclusion of capital profits in the prior period. At the same time, it is recorded that the group's operating results are in line with those of the comparative period. Therefore shareholders and investors are advised to exercise caution when trading in the company's securities until the release of the group's results for the year ended 29 February 2012. |
The results are expected to be released on the Botswana Stock Exchange website and on SENS on or about 30 May 2012. Wilderness will hold a results presentation at the Gaborone Sun conferencing rooms, Chuma Drive, Gaborone, Botswana on 30 May 2012 at 11:00 and at the Holiday Inn Sandton, 123 Rivonia Road, Sandton, Johannesburg in the Tanzanite room on 31 May 2012 at 11:00. All interested parties are invited to attend. Please RSVP to email@example.com before 24 May 2012.
|Following an announcement made by the JSE Ltd. ("JSE"), Wilderness shall move from the Africa board to the Main Board of the JSE with effect from 21 May 2012, where the company shall continue to maintain its inward secondary listing in South Africa. As communicated by the JSE, this move is part of its strategy to enhance their Africa offering. African companies will be allowed to list directly on the Main Board and AltX.|
|The JSE advised that, after consultation with the company, Wilderness will be moved onto the Main Board, in its respective sector. In order to identify Wilderness' shares as African, they will be flagged "A" for African, along with other African securities listed on the JSE. This will take effect from 21 May 2012.|
|Revenue increased by 8% to BWP576.3 million (BWP535.2 million). Gross profit rose by 5% to BWP257.4 million (BWP244.4 million), but EBITDA was down by 19% to BWP61.4 million (BWP75.6 million). Net attributable profit declined to BWP14.4 million (BWP51.2 million). In addition, headline earnings dropped to BWP7.05tps (BWP1308tps). |
The ongoing unsettled nature of world economies, particularly those in Europe, is expected to persist for the remainder of the year and is likely to continue tempering demand. Nonetheless, our booking sheets suggest a slow recovery in demand for our products, even including those in Namibia. Price increases will exert upward pressure on yields and the recent devaluation of the ZAR and BWP (by 13%), if maintained, will result in improved performance for the remainder of the year.
The reversal of the trends of strong local currencies (BWP and ZAR notably) post 31 August 2011 will benefit our earnings for the remainder of the financial year. However, management cautions that should the USD get too strong against these currencies this may place our products at a pricing disadvantage to those of our competitors who price their products in local currencies.
Given the many innovations that we have made in recent years, we are optimistic about future prospects. Wilderness's strong balance sheet and brands also mean that we are in an excellent position to grow the business, especially when market conditions improve. Regardless, we need to be mindful that, even if the situation in Europe improves, the austerity measures imposed on those economies will temper growth for a longer period of time. Strategies to mitigate this will be employed and the business will remain agile to adapt to a continually changing environment.
|The board of Wilderness Holdings hereby announces that the group's condensed consolidated unaudited interim financial results for the six months ended 31 August 2011, are likely to be lower than those achieved in the six months ended on 31 August 2010. Full details will be given in the interim announcement of results, due to be released on SENS on 22 November 2011. Consequently, shareholders and investors are advised to exercise caution when trading in the company's securities.|
|The company announced that it won the award for best integrated report in the regional company category at the Annual Report Awards held last night in Sandton, Johannesburg. The event was hosted by chartered secretaries Southern Africa in partnership with the JSE Ltd. The awards process has rewarded excellence in corporate reporting since 1956. This is the third award received in recent weeks recognising the company's commitment to sustainable tourism operations, accurate and transparent financial reporting as well as full disclosure of all relevant information to stakeholders. In October, the company won the award for best sustainability report by a newcomer at the ACCA South Africa Awards for sustainability reporting and in September, the virtuoso performance award for global leadership in sustainable tourism.|
|The company has won the award for Best Sustainability Report by a Newcomer at the ACCA South Africa Awards for Sustainability Reporting. ACCA is the Association of Chartered Certified Accountants, a global professional body that oversees professional accountants. ACCA has a record for championing transparency and accountability of sustainability issues. |
The accolade has been awarded to the company for excellence in transparent environmental, social and sustainability reporting. The aim of the awards is to identify and reward innovative attempts to communicate corporate performance. Chief executive Andy Payne said that the Company had achieved this by reporting in terms of the 4Cs, a sustainability platform that we have adopted from the Zeitz Foundation (www.zeitzfoundation.org). The 4Cs concept suggests that no organisation will be truly sustainable unless it address the four dimensions of conservation, community, culture and commerce.
|The company would like to advise shareholders that the annual general meeting of Wilderness was held on Wednesday 31 August 2011. All resolutions were unanimously passed.|
|No change statement |
Shareholders are advised that the Integrated Annual Report 2011 containing the annual financial statements will be distributed to shareholders on or about 1 August 2011 and contain no modifications to the reviewed results which were published on 28 May 2011.
Notice of the annual general meeting
Notice is hereby given that the annual general meeting of Wilderness shareholders will be held at The Gaborone Sun, Chuma Drive, Gaborone, Botswana on Wednesday, 31 August 2011 at 11:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements. The Integrated Annual Report 2011 and the notice of the annual general meeting is available online on the following link: http://www.wilderness-group.com/investor_centre/presentations/annual_reports
|Further to the announcement pertaining to the dividend, released on 27 May 2011 on SENS and the BSE, shareholders were advised that a dividend of BWP8.6 thebe will be paid in rands to shareholders registered on the South African register, calculated at the pula to rand exchange rate on 6 June 2011 which was R1.03/P1.00 and accordingly the dividend payable is 8.86 cents per share. The salient dates remain unchanged, as below: |
* Last day to trade "cum" the dividend: Thursday, 9 June 2011
* Shares commence trading "ex" the dividend: Friday, 10 June 2011
* Record date on Friday, 17 June 2011
* Payment date on Friday, 8 July 2011.
|Wilderness Holdings Ltd report the results of the group's operations for the year ended 28 February 2011 which represents the group's maiden results as a listed entity. Revenue amounted to BWP949 million, while gross profit was recorded at BWP422 million, and operating profit was at R51 million. Net profit attributable to owners of the company amounted to BWP100 million, while headline earnings per share was recorded at BWP11.05cps.|
Notice is hereby given that a final dividend for the year ended 28 February 2011 of BWP8.6cps was declared on 24 May 2011.
Wilderness expect the soft trading conditions to persist for the foreseeable future, due to weak demand in our source markets and the current over-supply of beds in some destinations. Nonetheless, our booking sheets show a gradual recovery in occupancies and yields, except in Namibia. The impact of price increases passed to the market in December 2010 should reflect in results for the current year although this might be partly offset if the strength of the Rand persists. The Wilderness Group is well-placed to weather the present difficult environment, gaining market share in the process. Our investments in brands, product and our people have positioned us to take advantage of an upswing in the market, when it occurs.
|The board of Wilderness announced that the group's results for the year ended 28 February 2011 are likely to be significantly higher from those achieved in the comparative period. This is mainly due to the sale of capital assets during the period. At the same time, it is recorded that the group's operating results will be lower than those of the comparative period. Therefore shareholders and investors are advised to exercise caution when trading in the company's securities until the release of the group results for the year ended 28 February 2011. The results are expected to be released on the Botswana Stock Exchange website and on SENS on or about 27th May 2011. Wilderness shall hold a results presentation at the Grand Palm Conference Centre, Molepolole Road, Gaborone, Botswana on 30th May 2011 at 12:00 and at the offices of Wilderness Safaris (Pty) Ltd, 373 Rivonia Boulevard, Rivonia, Johannesburg on 31 May 2011 at 15h00. All interested parties are invited to attend. Please RSVP to firstname.lastname@example.org before the 24th May 2011.|
|The company would like to advise shareholders that an extraordinary general meeting of Wilderness was held this morning for the purpose of considering the approval of the Wilderness Group 2011 Share Plan. The resolution was unanimously passed.|
|Shareholders are advised that a circular has been posted on Thursday, 24 February 2011, to shareholders containing details of a proposal to adopt the Wilderness Group 2011 Share Plan ("the circular"). |
The circular contains a notice of extraordinary general meeting of Wilderness shareholders to be held at 11:00 on Monday, 28 March 2010, at the Gaborone Sun Hotel, Chuma Drive, Gaborone, Botswana for the purpose of considering and, if deemed fit, passing, with or without modification, the ordinary resolution necessary to implement the proposal ("the general meeting").
The salient dates and times relating to the general meeting are set out below:
*Posting of circular to shareholders on Thursday, 24 February 2011
*Last day to lodge forms of proxy in respect of the general meeting by Friday, 25 March 2011
*General meeting of Wilderness shareholders to be held at 11:00 on Monday, 28 March 2011
*Results of general meeting released on Monday, 28 March 2011
|02 Nov 2010 10:38:46|
|Revenue for the interim period ended August 2010 rose 5% to BWP574.2 million (2009: BWP546.5 million), gross profit increased to BWP244.4 million (2009: BWP238.4 million). Earnings before interest, tax, depreciation and amortisation ("EBITDA") fell 1% to BWP99.3 million (2009: BWP99.9 million), while profit attributable to ordinary shareholders of the company declined to BWP49.3 million (BWP80.6 million). Moreover, headline earnings on a per share basis was down to 13.01 thebe per share (2009: 44.10 thebe per share).|
As was stated in the prospectus issued prior to the group listing, due to the annual cash flow cycle of the business, an interim dividend has not been declared. It is anticipated that, in the event that a dividend is declared, this will be in the form of a final dividend declared in May each year. Subject to the operating results, financial position, investment strategy, capital requirements and other factors, Wilderness group has adopted a dividend policy of maintaining a dividend cover of between two and three times net profit after tax.
Traditionally the group earns between 55% and 65% of its revenue in the first six months of the year. The Group's booking sheets for the remainder of the year suggest that it can expect a slow recovery in occupancies, except in Namibia. The Group expects market conditions to remain challenging in the short to medium term with continued downward pressure on yields. These could be exacerbated if the exchange rates for the Group's key currency crosses strengthen further. In such conditions the group will continue with its focus on building organisational capacity with a particular emphasis on investment in its people, brands, and service.
|28 Oct 2010 15:11:15|
|The board of Wilderness announced that the group's interim results for the six month period ended 31 August 2010 are likely to be lower than those achieved in the six months ended on 31 August 2009. Turnover and gross margins have been maintained at levels in line with those previously achieved. However, fixed costs have increased in line with expectations and adverse movements in exchange rates relative to the company's reporting currency (Pula). The group has earned capital profits on a number of transactions and accordingly operating profits are also in line with those achieved in the previous year. The substantial unrealised foreign exchange gains reported in the comparable period on foreign-denominated loans have not repeated in the current year. The result is that profits before and after tax will be below those reported for the comparable period in the prior year. The profits earned to date, as well as the capital profits referred to above, have aided cash generation to the point where group cash reserves have been increased significantly in the six months under review. Full details of these and other matters will be given in the interim announcement of results, due to be released on 2 November 2010. In this context, shareholders and investors are reminded of the sale of North Island Company Ltd, which event occurred subsequent to the end of the six month period. As is explained in the circular, the Wilderness group's share of the profit resulting from that disposal was in the region of BWP70 million and this outcome will have a favourable impact on earnings for the full year, as well as adding to existing cash reserves and the strength of the balance sheet. In view of these matters, shareholders and investors are advised to continue to exercise caution when trading in the company's securities until such time as a detailed announcement is made.|
|28 Oct 2010 15:02:06|
|04 Oct 2010 11:23:22|
|Wilderness shareholders are referred to the previous cautionary announcements, the last of which was released on 27 August 2010, pertaining to the sale, by an associated company of Wilderness, of North Island situated in the Seychelles ("the transaction"), and are advised that the transaction remains subject to certain conditions precedent and accordingly, shareholders should continue to exercise caution when dealing in their Wilderness shares until such time as a detailed announcement is made.|
|01 Sep 2010 12:26:58|
|The company would like to advise shareholders that the AGM of Wilderness was held yesterday, Tuesday 31 August 2010. All resolutions were unanimously passed. During the meeting, Mr Andy Payne, the CEO of the Company, provided shareholders with a brief update on the current trading environment. |
Mr Payne highlighted that the current business environment remains challenging due to the tough economic climate in the regions of the company's source markets, in particular in America and Europe. The continuing strength of the Rand and Pula against the US Dollar, relative to the rate in the prior year has also impacted negatively on the translation of foreign earnings. In addition, the world cup proved to be a challenging period as our traditional customers chose to avoid travel in the months of the tournament. Considering the above, Mr Payne was pleased to note that whilst the yield was still under pressure, a condition likely to remain in the short term, bed nights sold by the company have increased relative to the prior year. In this current environment, the company plans to continue with its strategic objectives, as originally identified and disclosed during the IPO process, namely:
*investing in people;
*investing in the Wilderness brand and connecting the brand with the customer;
*investing in product relevance
*investing in scale opportunities
*strengthening the company's balance sheet and accumulating its cash reserves.
Mr Payne concluded that the industry is likely to see consolidation moving forward with an obvious alignment of supply and demand. Wilderness is presently well positioned to take advantage of these opportunities that are likely to present themselves in the short to medium term.
|27 Aug 2010 11:05:34|
|Wilderness shareholders are advised that the extraordinary general meeting of the company to take place on 31 August 2010 at 12:00 (directly following the annual general meeting on the same date), for the purpose of considering and if deemed fit to approve the implementation of the Wilderness Group 2010 Share Plan ("the proposed scheme"), will be postponed to a date to be advised. Subsequent to the distribution of the circular pertaining to the proposed scheme and dated 6 August 2010, the board has requested further clarifications. |
Due to the technical nature of the proposed scheme, these issues could not be clarified prior to the meeting. The board therefore considers it appropriate to postpone the meeting until these clarifications have been obtained. In terms of the proposed scheme, it is intended that the interests of shareholders, executives, senior management and employees are aligned and all will benefit from the implementation of an incentive scheme. Shareholders will be advised once this process has been completed and a circular detailing the revised arrangements shall be distributed.
|27 Aug 2010 10:26:37|
|Wilderness shareholders are referred to the previous cautionary announcements, the last of which was released on 6 August 2010, pertaining to the sale, by an associated company of the Wilderness Group, of North Island situated in the Seychelles ("the transaction"), and are advised that the transaction remains subject to certain conditions precedent and accordingly, shareholders should continue to exercise caution when dealing in their Wilderness shares until such time as a detailed announcement is made.|
|16 Aug 2010 14:40:47|
|Wilderness announces that on 27 November 2009, Okavango Wilderness Safaris (Pty) Ltd ("OWS"), a wholly owned subsidiary of Wilderness Holdings Ltd, entered into an agreement with Great Plains Safari Companies Ltd ("Great Plains") pursuant to which OWS transferred responsibility for it's Duba Plains Camp including all its assets and obligations ("the Duba Business"). The result of which is that Great Plains and OWS will work together to develop and market the Duba Business. Great Plains has paid OWS USD4 500 000 and such consideration was received on 14 May 2010. This equated to BWP30 600 000 (at an exchange rate of BWP6.80 to USD1.00). The consideration was received in cash following the fulfilment of the following suspensive conditions: |
*Great Plains incorporating a company registered in accordance with the company laws of Botswana for the purpose of injecting the reservations business ("NewCo");
*signature of an agreement between the OWS and Great Plains in terms of which OWS shall acquire 50% of the issued share capital of NewCo for a purchase consideration of USD100 000;
*Great Plains entering into a marketing and sales agreement with Wilderness Safaris (Pty) Ltd, a wholly owned subsidiary of Wilderness Holdings Ltd; and
*other administrative and regulatory requirements.
It is hereby noted that all suspensive conditions were fulfilled on 25 June 2010; with the exception of certain outstanding regulatory requirements. The value of the net assets of the Duba business, the subject of the transaction, as at 28 February 2010 (the date of the latest proforma financial statements of Wilderness ("the latest results date")) was BWP1 057 898 and represents 0.45% of the value of the total net asset of the Group as at that date. The pre-tax profits attributable to the net assets of the Duba business, the subject of the transaction, as at the latest results date was BWP1 104 472 which represents 1.35% of the total profit of the group as at that date.
Benefits and use of proceeds
The proceeds are expected to enable further development in the Okavango and Linyanti regions. This will result in further involvement by Great Plains into the Duba area and enable OWS to invest into other new concession areas.
|06 Aug 2010 09:32:42|
|Wilderness shareholders are referred to the announcement dated 14 May 2010 and the subsequent announcements dated 4 June 2010, 25 June 2010 and 16 July 2010, pertaining to the sale, by an associated company of the Wilderness Group, of North Island situated in the Seychelles ("the transaction"), and are advised that the transaction remains subject to certain conditions precedent and accordingly, shareholders should continue to exercise caution when dealing in their Wilderness shares until such time as a detailed announcement is made.|
|16 Jul 2010 11:03:38|
|Wilderness shareholders were referred to the announcement dated 14 May 2010 and the subsequent announcements dated 4 June 2010 and 25 June 2010, pertaining to the sale, by an associated company of the Wilderness Group, of North Island situated in the Seychelles ("the transaction"), and were advised that the transaction remains subject to certain conditions precedent and accordingly, shareholders should continue to exercise caution when dealing in their Wilderness shares until such time as a detailed announcement was made.|
|25 Jun 2010 14:20:33|
|Further to the cautionary announcement dated 4 June 2010, pertaining to the sale, by an associated company of the Wilderness Group, of North Island situated in the Seychelles ("the transaction"), shareholders are advised that the transaction remains subject to certain conditions precedent and accordingly, shareholders should continue to exercise caution when dealing in their Wilderness shares until such time as a detailed announcement is made.|
|04 Jun 2010 12:06:34|
|Further to the cautionary announcement dated 14 May 2010, pertaining to the sale, by an associated company of the Wilderness Group, of North Island situated in the Seychelles ("the transaction"), shareholders are advised that the transaction remains subject to certain conditions precedent and accordingly, shareholders should continue to exercise caution when dealing in their Wilderness shares until such time as a detailed announcement is made.|
|31 May 2010 11:45:58|
|Pro forma results for the year-ended 28 February 2010 when Wildrness was still unlisted, showed revenue of BWP868.1 million and EBITDA of BWP115.2 million. Operating profit came in at BWP61.4 million. Net attributable profit was BWP47.5 million. In addition, headline earnings of BWP20.44tps was recorded.|
The tentative upturn in the world economy has resulted in an improvement in market conditions and we expect occupancies in 2010/11 to be better than those in the year under review. Nonetheless, the market remains soft. In the profit forecast for February 2011 included in the IPO prospectus, we projected revenue growth of 17%. As set out in the assumptions to the profit forecast, this projection assumed an average depreciation, over the twelve month period, of 5% and 8% of the pula and rand against the US dollar, respectively. Volatility in currency markets makes it difficult to predict the outcome of this assumption at the present time. The focus of the group for 2010 is to achieve financial growth through increasing market share and investing in marketing and operating scale opportunities. Wildrness, with its strong balance sheet and competitive offering, is well placed to capitalise on a rebound in markets when that occurs.
|27 May 2010 07:35:26|
|Business Report noted that heavy rain in Botswana has delayed the opening of Wildrness' Banoka bush camp in the Okavango Delta until August 2010. Banoka is among 170 camps in Southern Africa owned by the company.|
|14 May 2010 15:40:30|
|Shareholders are referred to the cautionary announcement dated Friday, 30 April 2010, in which shareholders were advised of a transaction that could potentially affect the company's share price. Shareholders are further advised that the transaction pertains to the sale, by an associated company of the Wilderness Group, of North Island situated in the Seychelles. This transaction is subject to a number of conditions precedent. |
Until these conditions have been fulfilled, periodic cautionary announcements shall be made pending the release of a detailed announcement. Shareholders are advised to continue exercising caution when dealing in their Wilderness shares until such time as a full announcement is made. In addition, the directors are pleased to announce that Wilderness has concluded a joint venture agreement in respect of Duba Plains camp in Botswana. In terms of this agreement the camp will continue to be marketed by Wilderness Safaris (Pty) Ltd but henceforth will be managed by Great Plains Conservation. The assets of the business have been sold and the proceeds of USD4.5 million were received today (14 May 2010) thus improving the group's cash resources and balance sheet accordingly.
|30 Apr 2010 17:11:47|
|Shareholders of Wilderness Holdings are advised that an associated company of the Wilderness Holdings group has entered into negotiations which, if successfully concluded, may have an effect on the price of the company's shares. Accordingly, shareholders are advised to exercise caution when dealing in the company's shares until a further announcement is made. |
|15 Apr 2010 10:07:27|
|As reported in Business Day,Hospitality group Wilderness Safaris has launched a new sales channel, Safari - Adventure company, to cater for the domestic and price-sensitive markets, CEO Andy Payne said. The new channel, which sits below it's more exclusive Classic and Premier portfolio, is aimed at building a stronger domestic market and will be sold exclusively through the travel trade.|
|14 Apr 2010 10:46:00|
|Derek De La Harpe has been appointed as the CFO of Wilderness with effect from 8 April 2010 following the resignation by Karen Mitchley to pursue other interests. Mr Jochen Zeitz and Mr Robert Polet have been appointed to the board with effect from 8 April 2010. Mike Ness has resigned as non-executive director with effect from 8 April 2010.|
|08 Apr 2010 09:40:47|
|Conservation tourism pioneer Wilderness Holdings was listed today on the Botswana Stock Exchange and the JSE's Africa board. This follows a private placing in which 28 000 000 ordinary shares were issued at a price of P4.00 per share (R4.56) and a public offer in which 3 million shares were issued at a price of P4.00 per share in Botswana and R4.56 per share in South Africa. After the listing the company's largest shareholders and their holdings are expected to be management (20.8%), Wine Investments (20.9%), PUMA (20.1%) and Capital Africa Ltd (17.3%).|
|01 Apr 2010 15:35:23|
|The directors of Wilderness announced that at the close of the initial public offer ("IPO") on Friday 26 March 2010, 570 applications totalling 3 179 638 ordinary shares for the 3 000 000 ordinary shares on offer in terms of the IPO had been received, representing a 6.0% over- subscription. Accordingly the directors of Wilderness advised that all applicants were allotted their first 40 000 ordinary shares applied for in full. Those applying for more than 40 000 ordinary shares received 74% of the balance.|
It is expected that the primary listing of Wilderness on the domestic main board of the Botswana stock exchange ("BSE") and the simultaneous secondary listing of Wilderness on the Africa board of the JSE Ltd ("JSE") will take place on Thursday 8 April 2010.
|20 Sep 2010 15:24:24|
|Wilderness Holdings Limited has been in operation for 26 years and has developed an extremely powerful brand in the international and local markets, offering premier, classic and luxury mobile camps. A policy of "building|
sustainable conservation economies through responsible tourism" shares the benefits of tourism with local communities and ensures the protection of these areas for future generations.
The company is run by a group of likeminded wildlife professionals who came together to build a successful safari business, delivering a unique experience for guests and strong returns for shareholders and stakeholders, while ensuring that Southern Africa's pristine wilderness areas remain sustainably protected.
The Wilderness business model is vertically integrated and consists of the following key businesses within the value chain:
*Safari consulting (tour operating and destination management);
*Transfer and touring (air and road);
*Camp, lodge and safari exploration operator; and
*Finance and asset management business.
In the tourism business Wilderness currently:
*owns 53 destinations comprising 930 beds (nightly count) in seven countries;
*markets and/or manages a further 17 destinations comprising 280 beds (nightly count) in seven countries;
*operates 49 aircraft (owning 33 of these);
*operates 6 journey specialist businesses in 6 countries employing 249 people; and
*employs approximately 2 70 0 people.