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15-Nov-2018
(Official Notice)
York shareholders ("Shareholders") are advised that at the annual general meeting ("AGM") of Shareholders held on Wednesday, 14 November 2018, all the ordinary and special resolutions, were approved by the requisite majority of Shareholders present or represented by proxy.
02-Nov-2018
(Official Notice)
York shareholders are advised that the company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the company?s website (http://www.york.co.za/downloads/York-BEE-Certificate-2017-2018.pdf).
16-Oct-2018
(Official Notice)
Notice was given that the Company?s annual general meeting of shareholders will be held at 2nd Floor, 5 Commerce Square, 39 Rivonia Road (entrance in Helling Road), Sandhurst, Johannesburg on Wednesday, 14 November 2018 at 09:00 to transact the business as stated in the notice of annual general meeting of the Company, forming part of the integrated annual report for the year ended 30 June 2018 (?Integrated Annual Report?).



The Integrated Annual Report was distributed to shareholders on 16 October 2018.



Shareholders are advised that the Integrated Annual Report, which includes the consolidated annual financial statements of York for the year ended 30 June 2018 (?Annual Financial Statements?), is available on the Company?s website at www.york.co.za/downloads/York-Timbers-integrated- annual-report-2018.pdf



The Annual Financial Statements and the auditor?s report thereon contain no modifications to the summarised consolidated financial results for the year ended 30 June 2018, published on SENS on 25 September 2018 or the auditor?s report thereon.
25-Sep-2018
(C)
Revenue for the year lowered slightly to R1.818 billion (R1.833 billion) whilst operating profit was higher at R195.6 million (R151.4 million). Profit for the period fell to R139.7 million (R367.3 million). Furthermore, headline earnings per share dipped to 46cps (116cps).



Company outlook

Faced with low economic growth in South Africa, York will focus on cash generation through cost-efficiencies and optimisation of its supply chain.



The plywood plant is now fully operational and is expected to make a strong contribution going forward.



The company is a significant contributor to employment in the regions in which it operates, with its extensive external log procurement, forestry activities, processing plant and distribution network. As a responsible corporate citizen York will continue to work with labour to minimise industrial relations issues and to contribute to an environment that benefits all stakeholders.



In the medium to long term, York remains well positioned to benefit from consolidation in the industry.



In the absence of a significant improvement in economic growth and prospects, the next year is likely to be difficult for the South African economy. The company has adjusted its strategy accordingly, and will implement further changes to its supply chain and operations where necessary. While there may be some short term cost to the necessary changes, the outlook for the company is positive, despite the difficult market conditions.
20-Sep-2018
(Official Notice)
York shareholders are advised that York has terminated the services of KPMG Inc. as external auditors to the Company with effect from the conclusion of KPMG?s responsibilities for the 2018 audit, which is expected to be on or about 14 November 2018. Shareholders are further advised that, following a tender process, PricewaterhouseCoopers, represented by Andries Rossouw, has been appointed as the Company?s external auditor for the financial year ending 30 June 2019, subject to shareholder approval at the forthcoming annual general meeting, details of which will be announced on SENS in due course.



The change in external auditors was initiated by the Company as a result of the adoption of an audit firm rotation policy. York thanks KPMG Inc. for the contribution over the years and looks forward to working with PricewaterhouseCoopers.

12-Sep-2018
(Official Notice)
York is in the process of finalising its results for the year ended 30 June 2018 for release prior to 30 September 2018.



Shareholders are advised that earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to decrease from 116.0 cents to between 40.6 cents and 46.4 cents, for the year ended 30 June 2018. EPS and HEPS are expected to be between 60% and 65% lower than the previous corresponding period, as a result of the fair value adjustment on biological assets being lower than in the previous financial year.



Furthermore, Shareholders are advised that:

- The biological asset valuation at 30 June 2018 is likely to be between 2% and 4% higher than the balance of R2.8 billion at the previous corresponding period.

- Core earnings per share (based on EPS attributable to ordinary shareholders less the fair value adjustment to the biological assets, net of tax) are expected to increase from 17.0 cents to between 26.9 cents and 27.9 cents. This is as a result of an increase in operating profit due to a reduction in external log purchases.

- Earnings before interest, taxation, depreciation, amortisation and fair value adjustments are expected to be between 8% and 13% higher than the amount in the previous financial year of R246.1 million.
26-Jun-2018
(Official Notice)
York shareholders (?Shareholders?) are referred to the announcement published on SENS on Wednesday, 8 November 2017, advising shareholders of the appointment of Mr Gerald Stoltz as acting CFO with effect from 1 December 2017.



The board of directors of York informed shareholders of the appointment of Mr Gerald Stoltz as CFO with immediate effect.
09-Mar-2018
(C)
Revenue for the interim period decreased to R921.8 million (2016: R952.5 million), gross profit rose to R306.3 million (2016: R249.1 million), operating profit jumped to R88.6 million (2016: R66.1 million), profit for the period soared to R87.4 million (2016: R32.2 million), while headline earnings per share was higher at 28 cents per share (2016: 10 cents per share).



Company outlook

The forecasted economic growth rate is promising for the construction sector from which York will benefit. York will continue to expand its distribution network, enhancing the Group's service offering to customers. International demand for plywood is strong and continues to grow in a wider application range of the housing and infrastructure sectors.



SAFCOL has engaged the Mpumalanga processing industry and it is foreseen that an amicable solution to long-term supply agreements and transparent pricing mechanism can be achieved. York will continue to engage with SAFCOL to resolve these issues, failing which York will resort to seek legal recourse.



York's vision is to be the leading integrated timber processor in Southern Africa, proficiently delivering products and services of the highest quality. In line with this, York is pursuing other investment opportunities.



Changes to directorate

Mr Pieter van Buuren resigned as Chief Financial Officer (CFO) of the Company, with effect from 30 November 2017; and Mr Gerald Stoltz was appointed as acting CFO, with effect from 1 December 2017.
21-Feb-2018
(Official Notice)
York is in the process of finalising its results for the six months ended 31 December 2017 for release prior to 31 March 2018.



Shareholders are advised that earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to increase from 10.0 cents to between 27.8 cents and 28.3 cents, for the period ended 31 December 2017.



Furthermore, Shareholders are advised that:

- The biological asset valuation at 31 December 2017 is likely to be between 20% and 25% higher than the balance of R2.3 billion at the previous corresponding period. This increase in value includes an adjustment relating to new regimes implemented in the Highveld region. The higher plantation value also reflects the benefits of precision forestry and improved planting material.

- Core earnings per share (based on EPS attributable to ordinary shareholders less the fair value adjustment to the biological assets, net of tax) are expected to increase from 7.0 cents to between 10.6 cents and 11.0 cents. This is as a result of an increase in operating profit due to a reduction in external log purchases.

- Earnings before interest, taxation, depreciation, amortisation and fair value adjustments is expected to be between 13% and 18% higher than the previous corresponding period of R109.4 million.
14-Dec-2017
(Official Notice)
Shareholders are referred to the cautionary announcement released on the Stock Exchange News Service on 21 September 2017 and to the renewal thereof on 3 November 2017.



Shareholders are now advised that negotiations with the shareholders and management of Green Resources AS regarding a potential combination of assets have been terminated, as a result of the parties being unable to reach agreement on certain key terms.



Accordingly, the cautionary in dealing in York shares is withdrawn.
08-Nov-2017
(Official Notice)
York shareholders (?shareholders?) are advised that Mr Pieter van Buuren has resigned as CFO of the company, with effect from 30 November 2017, due to his desire to be permanently based in Gauteng.



In the interim period, and until the company completes its recruitment process for a permanent replacement with suitable experience , Mr Gerald Stoltz, the company?s Corporate Financial Manager has been appointed as acting CFO with effect from 1 December 2017. Mr Stoltz is a qualified Chartered Accountant and has served the company for four years.
08-Nov-2017
(Official Notice)
York shareholders (?shareholders?) are advised that at the annual general meeting (?AGM?) of Shareholders held on Wednesday, 8 November 2017, all the ordinary and special resolutions, as set out in the notice of AGM dated 22 September 2017, were approved by the requisite majority of shareholders present or represented by proxy.
03-Nov-2017
(Official Notice)
Further to the cautionary announcement released on the Stock Exchange News Service on 21 September 2017, shareholders are advised that the company is still in negotiations with the shareholders and management of Green Resources AS (?Green?) regarding a potential combination of assets, 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 further announcement is made.
10-Oct-2017
(Official Notice)
Notice is hereby given that the company?s annual general meeting of shareholders will be held at 2nd Floor, 5 Commerce Square, 39 Rivonia Road (entrance in Helling Road), Sandhurst, Johannesburg on Wednesday, 8 November 2017 at 09:00 to transact the business as stated in the notice of annual general meeting of the company, forming part of the integrated annual report for the year ended 30 June 2017 (?Integrated Annual Report?).



The Integrated Annual Report was distributed to shareholders today, 10 October 2017.



Shareholders are advised that the Integrated Annual Report, which includes the consolidated annual financial statements of York for the year ended 30 June 2017 (?Annual Financial Statements?), is available on the company?s website at www.york.co.za.



The Annual Financial Statements contain no modifications to the summarised consolidated financial results for the year ended 30 June 2017, published on SENS on 26 September 2017.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - Friday, 29 September 2017

*Last day to trade in order to be eligible to attend and vote at the annual general meeting - Tuesday, 24 October 2017

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - Friday, 27 October 2017

*Forms of proxy for the annual general meeting to be lodged by 09:00 on Monday, 6 November* 2017

*Any forms of proxy not lodged by this date and time must be handed to the chairman of the annual general meeting before the appointed proxy exercises any of the relevant shareholder?s rights.
26-Sep-2017
(C)
Revenue for the year increased to R1.833 billion (2016: R1.771 billion), gross profit decreased to R497.5 million (2016: R500.6 million), operating profit lowered to R151.4 million (2016: R182.9 million), profit for the year shot up to R367.3 million (2016: R238.2 million), while headline earnings per share jumped to 116 cents per share (2016: 73 cents per share).



Company outlook

The insourcing of mechanical harvesting and transport has proven to be very successful and York will continue introducing further appropriate technologies and equipment upgrades. Traditional costs associated with outdated forestry practices are being replaced with better utilisation of capital equipment, fuel load reduction, improvement in tree breeding and enhancing genetic material that responds more effectively to growth sites.



Sustainable raw material supply is key to the success of York's growth strategy. South Africa has limited permissible area available to expand its forestry footprint. The Company is therefore engaged in expanding its forestry operations outside of South Africa.



The plywood operation is set to deliver the expected results and is currently achieving the defined and required operational specifications. The commissioning of the higher capacity press will allow York to further increase volume output aimed at the export market.



It is unfortunate that there has been no announcement for the preferred bidder of the Renewable Energy Independent Power Producer Procurement Programme submitted under the expedited 4b window. York is exploring alternative options to participate in the energy market as this remains a very viable revenue stream.



York is expanding its warehouses, with the aim of making its customers successful in challenging market conditions.
22-Sep-2017
(Official Notice)
York shareholders are advised that the company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the company?s website (www.york.co.za).



21-Sep-2017
(Official Notice)
Shareholders of York are hereby advised that the Company has entered negotiations with the shareholders and management of Green Resources AS (?Green?), a Norwegian-based company with extensive forestry assets in Tanzania, Uganda and Mozambique, regarding a potential combination of assets (?Proposed Transaction?). Together with York?s South African assets, this combination will create a truly pan-African forestry company.



Rationale for the Proposed Transaction

The Proposed Transaction would create a geographically diversified forestry business that possesses significant scale, an expansive market reach within high growth economies, an experienced and highly commercial management team and access to international capital markets. It will also result in the establishment of a leading pan-African, integrated forestry, lumber products, wholesale and distribution company. It is anticipated that the combined entity will have ca. 108 000 hectares of planted and temporary unplanted hectares and at least ca. 122 000 hectares available to plant. York believes that the Proposed Transaction would enhance access to global capital markets for optimal growth financing. York would be exposed to attractive growth and scale opportunities while Green, which has largely been in development phase, is expected to benefit from York management?s commercial experience, unlocking Green?s forestry assets in the medium term.



Cautionary announcement

Shareholders of York are advised that, if the negotiations around the Proposed Transaction are successfully concluded, they could have a material effect on the price of York?s securities. Accordingly, York shareholders are advised to exercise caution when dealing in their York securities until further details pertaining to the Proposed Transaction are announced.



04-Sep-2017
(Official Notice)
York is in the process of finalising its results for the year ended 30 June 2017 for release prior to 30 September 2017. In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the previous corresponding period.



Shareholders are advised that earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to increase from 73.0 cents to between 113.2 cents and 116.8 cents, for the year ended 30 June 2017. EPS and HEPS are expected to be between 55% and 60% higher than the previous corresponding period, driven by an increase in the biological asset valuation.



Furthermore, Shareholders are advised that:

- The biological asset valuation as at 30 June 2017 is expected to exceed that as at 30 June 2016, and is likely to be between 18% and 23% higher than the previous corresponding period of R2.3 billion. This increase in value includes a once-off adjustment as a result of an improvement achieved in the plantation rotation age. The higher plantation value reflects the benefits of precision forestry and improved genetic planting material, and is a fair reflection of current market value.

- Core earnings per share (based on EPS attributable to ordinary shareholders less the fair value adjustment to the biological assets, net of tax) is likely to be between 16.4 and 18.0 cents, being between 47% and 42% lower than the previous corresponding period of 31.0 cents, as a result of increases in taxation, depreciation and financing costs.

- Earnings before interest, taxation, depreciation, amortisation and fair value adjustments is expected to be between 0% and 2% higher than the previous corresponding period of R242.8 million.
06-Apr-2017
(Official Notice)
York shareholders (?Shareholders?) are referred to the announcement published on the Stock Exchange News Service on 16 January 2017, advising shareholders of the appointment of Mr Dinga Mncube as acting chairman of the board of directors of York (?Board?), in Dr Jim Myers? stead, during the period of his recovery.



Shareholders are hereby advised that Dr Jim Myers has resumed his role as chairman of the board and chairman of nominations discussions on York?s Remuneration and Nomination Committee, with immediate effect.



Furthermore, Mr Dinga Mncube continues his role as an independent, non-executive director of the company.





15-Mar-2017
(C)
Revenue for the interim period increased to R952.5 million (2015: R873.7 million). Gross profit was recorded at R249.1 million (2015: R229.2 million) whilst operating profit lowered to R66.1 million (2015: R68.8 million). Profit for the period decreased to R32.2 million (2015: R35.4 million). In addition, headline earnings per share were 10 cents per share (2015: 11 cents per share).



Outlook

York submitted a bid for a biomass power plant as part of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The announcement of preferred bidders has been delayed and bidders were required to extend guarantees to the end of September 2017. After a thorough review of the project viability studies, York decided to extend the guarantees required and awaits the announcement of preferred bidders, remaining confident in the ability of this programme to deliver value to all stakeholders.



York received environmental approval for the development of the next phases of the Sabie site future developments.



The additional regional warehouses that are being added will enable York to better serve its customers through immediate product availability and shorter delivery times. The model will also be used as a catalyst for expansion into the rest of Africa.



Securing alternative raw material supply, in the light of excessive price increases, is a continued strategic focus. With plantation areas in South Africa being finite, investments further afield into sub-Saharan Africa?s forestry territories are also currently being explored.



York is concerned about the current slow economic growth in infrastructure and housing investment in South Africa and notes the impact this might have on the results for the second half of the current financial year.
16-Jan-2017
(Official Notice)
York shareholders (?Shareholders?) are advised that the Chairman of the board of directors of York (?Board?), Dr Jim Myers, has undergone an operation. During the period of Dr Myers? recovery, Mr Dinga Mncube, an independent, non-executive director of the Company, will be appointed as acting Chairman of the Board, with immediate effect.



Mr Mncube will also assume Dr Myers? responsibilities on York?s Remuneration and Nomination Committee, chairing the nominations discussions.



The Company will inform Shareholders with any updates.
25-Nov-2016
(Official Notice)
03-Nov-2016
(Official Notice)
York shareholders (?Shareholders?) are advised that at the annual general meeting (?AGM?) of Shareholders held on Wednesday, 2 November 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 23 September 2016, save for special resolutions number 2 and 3 which were withdrawn prior to voting at the AGM, were approved by the requisite majority of Shareholders present or represented by proxy.
05-Oct-2016
(Official Notice)
Notice is hereby given that the company?s annual general meeting of shareholders will be held at 2nd Floor, 5 Commerce Square, 39 Rivonia Road (entrance in Helling Road), Sandhurst, Johannesburg on Wednesday, 2 November 2016 at 09:00 to transact the business as stated in the annual general meeting notice of the company, forming part of the annual financial statements.



The integrated annual report was distributed to shareholders today, 5 October 2016.



Shareholders are advised that the integrated annual report, including the annual financial statements for the year ended 30 June 2016, is available on the company?s website at www.york.co.za.



The annual financial statements for the year ended 30 June 2016 contain no modifications to the audited results released on SENS on 27 September 2016.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - Friday, 30 September 2016

*Last day to trade in order to be eligible to attend and vote at the annual general meeting - Tuesday, 25 October 2016

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - Friday, 28 October 2016

*Forms of proxy for the annual general meeting to be lodged by 09:00 on Monday, 31 October 2016
27-Sep-2016
()
27-Sep-2016
(C)
Revenue increased to R1.8 billion (R1.5 billion). Gross profit increased to R500.6 million (R404.4 million) and operating profit increased to R182.9 million (R144 million). Profit for the period was higher at R238.2 million (R101.5 million). In addition, headline earnings per share rose to 73cps (29cps).



Outlook

York's strategy is based on value creation through optimisation to unlock appeal to shareholders. This is supported by a strong balance sheet and good cash generation. The Plywood Expansion Project was the first major investment in executing the growth strategy. The value of this investment is still to be realised. York submitted a binding bid under the expedited window 4b as part of the Renewable Energy Independent Power Producer Procurement Programme and is awaiting preferred bidder announcement by Government. This investment will allow York to extract more value from its raw material. If this bid is unsuccessful, York will pursue the upgrade of its sawmills and further invest in remanufacturing capabilities.
02-Sep-2016
(Official Notice)
York is in the process of finalising its results for the year ended 30 June 2016 for release prior to 30 September 2016.



Core earnings per share (headline earnings per share (?HEPS?) attributable to ordinary shareholders less the fair value adjustment on biological assets, net of tax) are likely to be between 60% and 65% higher than for the comparative period.



Shareholders are advised that earnings per share (?EPS?) and HEPS are expected to increase from 31 cents and 29 cents, respectively, to between 72.2 cents and 73.8 cents, for the year ended 30 June 2016. EPS are expected to be between 133% and 138% higher than those the previous corresponding period and HEPS are expected to be between 149% and 154% higher than the previous corresponding period.



Shareholders are further advised that:

- Operating profit for the year ended 30 June 2016 is likely to be between 25% and 30% higher than that reported for the comparative period.

- Net cash flow from operating activities is likely to be between R100 million and R110 million higher than that reported for the comparative period.

- The biological asset valuation at 30 June 2016 exceeds that at 30 June 2015, and the value of the asset is likely to be between 8% and 11% higher than that reported for the comparative period.
09-Jun-2016
(Official Notice)
York shareholders are advised that the Company has concluded a general repurchase of 13 072 289 York ordinary shares (?Shares?), which represent 3.9% of the issued shares of the Company, on the open market of the JSE (?Repurchase?). The Repurchase was effected in accordance with the general authority approved by York shareholders at the annual general meeting held on Wednesday, 4 November 2015 to repurchase up to 10% of the Company?s issued shares (?General Authority?). The Repurchase was funded from available cash resources.



Opinion of directors

The directors of York confirm that, after considering the effect of the Repurchase, for a period of 12 months after the date of this announcement:

- York and its subsidiaries the (?Group?) will be able in the ordinary course of business to pay its debts;

- the assets of York and the Group will be in excess of the liabilities of York and the Group;

- the share capital and reserves of York and the Group will be adequate for ordinary business purposes;

- the working capital of York and the Group will be adequate for ordinary business purposes; and

- the Company has satisfied the solvency and liquidity tests as set out in the Companies Act No.71 of 2008 prior to implementing the Repurchase.



Impact of repurchase of financial position

The impact of the Repurchase on the company?s financial position is limited to a reduction in cash of R34 826 056 and an increase in treasury shares to 13 072 289 ordinary shares. There will be no impact on the issued share capital.
10-Mar-2016
(C)
Revenue for the interim period rose to R873.7 million (R763.0 million). Gross profit grew to R229.3 million (R192.4 million). Operating profit was higher at R68.8 million (R61.6 million). In addition, profit for the period almost halved to R35.4 million (R70.0 million). In addition, headline earnings per share fell to 11cps (21cps).



Outlook

The plywood expansion project is scheduled to be commissioned in May 2016. Production capacity will increase by 67%. The expected pay-back period of the project is three to four years. The significant depreciation of the South African Rand has led to a review of York?s currency profile and export opportunities are being pursued.



York submitted a bid for a power plant as part of the Renewable Energy Independent Power Producer Procurement Programme. The announcement of preferred bidders is expected towards the end of March 2016. This project will enable York to unlock further value from its plantations and diversify its earnings base.



York received a record of decision for decommissioning of the Mount Anderson waste dump site.



The abovementioned projects and approval are part of the Sabie integrated site.



The Forestry division developed new operating regimes with the introduction of hybrid Pinus species and the optimal utilisation of York?s growth sites. This will positively impact yield per hectare and wood properties.



York continues to diversify its earnings base by focusing on forestry, lumber, plywood, wholesale, re-manufacturing and energy. Project Evolve has driven a focus on the key performance areas of each of these elements. The introduction of the York Action System, the innovation of a new ?donut? management philosophy (entailing assembling groups of peers according to their functional expertise in a distributed leadership structure) and the York Training Academy are platforms to foster talent and create a dynamic working environment.



To remain internationally competitive and to absorb above inflationary increases, industry consolidation is required.



Despite a negative outlook for the economy, York is experiencing strong demand for its products. With the projects already undertaken and envisaged, York will improve its product offering to the market and continue diversifying its earnings base.
24-Feb-2016
(Official Notice)
York is in the process of finalising its interim results for the six months ended 31 December 2015 for release prior to 31 March 2016.



Core earnings per share (based on headline earnings per share (?HEPS?) attributable to ordinary shareholders less fair value adjustment on biological assets net of tax) is likely to be between 20% and 25% higher than for the comparative period.



Shareholders are advised that earnings per share and HEPS for the 6 months ended 31 December 2015 are expected to be between 45% and 50% lower than the earnings per share and HEPS reported for the comparative period. Earnings per share and HEPS are expected to decrease from 21 cents in the comparative period, to between 10.5 cents and 11.6 cents. The decrease is as a result of a lower fair value adjustment largely due to an increase in the discount rate as a result of the increase in the R186 bond rate.



Shareholders are further advised that:

*Operating profit for the 6 months ended 31 December 2015 is likely to be between 10% and 15% higher than that reported for the comparative period.

*Net cash flow from operating activities is likely to be between R95 million and R100 million higher than that reported for the comparative period.

*The biological asset valuation at 31 December 2015 exceeds that at 30 June 2015, and the adjustment to the asset is likely to be between 0% and 1% higher than that reported for the comparative period.



Shareholders are advised that the information included in this announcement has not been reviewed or reported on by the company?s auditors.



05-Nov-2015
(Official Notice)
York shareholders (?Shareholders?) are advised that at the annual general meeting (?AGM?) of Shareholders held on Wednesday, 4 November 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 28 September 2015, were approved by the requisite majority of Shareholders present or represented by proxy.



The required special resolutions will be lodged with the Companies and Intellectual Property Commission in due course.
12-Oct-2015
(Official Notice)
Notice is hereby given that the Company?s annual general meeting of shareholders will be held at 2nd Floor, 5 Commerce Square, 39 Rivonia Road (entrance in Helling Road), Sandhurst, Johannesburg on Wednesday, 4 November 2015 at 09:00 to transact the business as stated in the annual general meeting notice of the Company, forming part of the annual financial statements.



The integrated annual report was distributed to shareholders on 7 October 2015. Shareholders are advised that the integrated annual report, including the annual financial statements for the year ended 30 June 2015, is available on the Company?s website at www.york.co.za. The annual financial statements for the year ended 30 June 2015 contain no modifications to the audited results released on SENS on 29 September 2015.
29-Sep-2015
(C)
Revenue increased to R1.5 billion (R1.3 billion). Gross profit increased to R404.4 million (R377.9 million) and operating profit decreased to R144 million (R116.8 million). Net attributable profit was higher at R101.5 million (R51 million). In addition, headline earnings per share rose to 29cps (14cps).



Outlook

York embarked on Project Evolve to improve planning and scheduling, contractor engagement, management and supervisory effectiveness, problem solving as well as improve reaction times to variations in performance achieved by the implementation of management operating systems. Benefits of this project create a dynamic platform to build York's growth strategy. Extracting value from our plantation growth stock remains a key focus area. It is with this objective in mind that York continues to invest in the appropriate processing technology. York will continue to focus on efficiencies in its processing plants and improving process flow, where appropriate.



Insourcing of various forestry activities has and will continue to deliver benefits to York, and will remain a key priority. The continued improvements in our plantation growth stock through enhanced silviculture practices, site specie matching and effective external log procurement will ensure adequate raw material is available to deliver on the growth strategy.



York is committed to develop a more diversified earnings base. As a result, York will participate in the Department of Energy's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in the expedited bid window that closes on 11 November 2015. A bid for a 25 megawatt electrical biomass power plant will be submitted. This project will strengthen York's EBITDA generating capability, diversify earnings and extract increased value from available biomass in the Group.

04-Sep-2015
(Official Notice)
York is in the process of finalising its results for the year ended 30 June 2015 for release prior to 30 September 2015. Shareholders are advised that:

* Operating profit for the year ended 30 June 2015 is likely to be between 20% and 24% higher than that reported for the comparative period.

* Net cash from operating activities is likely to be between 18% and 21% higher than that reported for the comparative period.

* The biological asset valuation at 30 June 2015 exceeds that at 30 June 2014, and the increase in the valuation for the period exceeded the increase for the comparative period.

* Earnings per share (?EPS?) for the year ended 30 June 2015 are expected to be between 105% and 110% higher than the EPS reported for the comparative period. EPS are expected to increase from 15 cents in the comparative period to between 30.8 and 31.5 cents.

* Headline earnings per share (?HEPS?) for the year ended 30 June 2015 are expected to be between 105% and 110% higher than the HEPS reported for the comparative period. HEPS are expected to increase from 14 cents in the comparative period to between 28.7 and 29.4 cents.
25-May-2015
(Official Notice)
The board announced the appointment of Ms Maserame Mouyeme as a Non-Executive director to the Board with effect from 22 May 2015.
30-Mar-2015
(C)
Revenue for the year increased to R763 million (2013: R671.9 million). Gross profit rose to R221.1 million (2013: R203.5 million), while profit for the period soared to R70 million (2013: R13.7 million). Furthermore, headline earnings per share grew to 21cps (2013: 4cps).



Outlook

The expansion of the plywood plant constitutes the first step in diversifying our earnings base and introducing new technology as well as extracting more value from our raw material. Execution of this project is planned with minimal disruption to current production. After achieving a successful turnaround at the Wholesale division, this division is now set to trade in a wider product range by providing a diversified and expanded market offering.



In addition York has started a programme of ?Best-in-Class? practice where the design of processes will be streamlined and enhanced to reduce cost, overheads and improve productivity of assets and efficiencies. This structured approach adopted by York will ensure a measurable payback and sustain York?s competitiveness locally and internationally.



York has observed the comments made during the State of the Nation Address regarding land ownership and is considering the possible impact on the business.
20-Feb-2015
(Official Notice)
York is in the process of finalising its interim results for the six months ended 31 December 2014 for release by 31 March 2015. Operating profit for the 6 months ended 31 December 2014 is likely to be between 55% and 65% higher than that reported for the comparative period.



Net cash flow from operating activities is likely to be between 95% and 105% lower than that reported for the comparative period, mainly due to the timing of purchases of imported plywood. The biological asset valuation at 31 December 2014 exceeds that at 31 December 2013, and the increase in the valuation for the period exceeded the increase for the comparable period.



Accordingly, shareholders are advised that:

* earnings per share (?EPS?) for the six months ended 31 December 2014 are expected to be between 425% and 445% higher than the EPS reported for the comparative period. EPS are expected to increase from 4 cents to between 21 and 21.8 cents; and

* headline earnings per share (?HEPS?) for the six months ended 31 December 2014 are expected to be between 425% and 445% higher than the HEPS reported for the comparative period. HEPS are expected to increase from 4 cents to between 21 and 21.8 cents.
12-Nov-2014
(Official Notice)
York shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 11 November 2014, all the ordinary and special resolutions, as set out in the notice of AGM dated 14 October 2014, were approved by the requisite majority of shareholders present or represented by proxy.



The required special resolutions will be lodged with the Companies and Intellectual Property Commission in due course.



The total number of York shares eligible to vote at the AGM is 331 240 597. The number of shares voted in person or by proxy was 287 753 643 representing 86.87% of the total issued share capital of the same class of York.

14-Oct-2014
(Official Notice)
Notice is hereby given that the company's annual general meeting of shareholders will be held at 2nd Floor, 5 Commerce Square, 39 Rivonia Road (entrance in Helling Road), Sandhurst, Johannesburg on Tuesday, 11 November 2014 at 09:00 to transact the business as stated in the annual general meeting notice of the company, forming part of the annual financial statements.



The integrated annual report is being distributed to shareholders today, 14 October 2014.



Shareholders are advised that the integrated annual report, including the annual financial statements for the year ended 30 June 2014, is available on the company's website at www.york.co.za from today, 14 October 2014.



The annual financial statements for the year ended 30 June 2014 contain no modifications to the audited results released on SENS on 30 September 2014.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 3 October 2014

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Friday, 24 October 2014

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 31 October 2014

*Forms of proxy for the annual general meeting to be lodged by 09:00 on Friday, 7 November 2014
30-Sep-2014
(C)
Revenue increased to R1.32 billion (R1.13 billion). Gross profit increased to R432 million (R410.3 million) and operating profit decreased to R116.8 million (R161.4 million). Net attributable profit was lower at R51 million (R106.9 million). In addition, headline earnings per share fell to 14cps (33cps).



Outlook

York's Board of Directors approved the R280 million expansion to the plywood plant, with funding being finalised. The upgraded plant is expected to be operational within the next 18 months, without impacting existing operations.



Lumber outlook remains stable, with volumes sold increasing and prices slowly moving upwards. Plywood demand remains strong, with prices at profitable levels. In line with our growth strategy, York will invest in plant efficiencies and value adding opportunities in order to improve operating margins.

19-Sep-2014
(Official Notice)
York is in the process of finalising its full year results for the financial year ended 30 June 2014 for release prior to 30 September 2014.



In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the comparative period (i.e. 30 June 2013).



Accordingly, shareholders are advised that:

*operating profit for the financial year end 30 June 2014 is expected to be between 25% and 30% lower than that for the comparative period;

*net cash from operating activities is expected to be between 70% and 75% higher than that reported in the comparative period;

*the biological asset value at 30 June 2014 is expected to increase by a maximum of 1% from the value in the comparative period;

*earnings per share for the financial year ended 30 June 2014 are expected to be between 50% and 60% lower than those reported in the comparative period, as a result of the lower operating profit and change to the biological asset; and

*headline earnings per share for the financial year ended 30 June 2014 are expected to be between 50% and 60% lower than reported in the comparative period.



Shareholders are advised that the information included in this announcement has not been reviewed or reported on by the Company's auditors.
24-Mar-2014
(C)
Revenue for the interim period shot up to R671.9 million (2012: R590.7 million). Gross profit fell to R203.5 million (2012: R211.1 million), operating profit dropped to R38 million (2012: R66.7 million), while profit for the period plunged to R13.7 million (2012: R43.5 million). Furthermore, headline earnings per share weakened to 4cps (2012: 13cps).



Outlook

Lumber demand has increased on a rolling twelve month basis by 2% and is expected to increase in line with the GDP growth rate. The higher repo rate negatively impacted the building and construction sector. York?s pricing strategy is to at least obtain inflationary rate increases for lumber. In order to increase York?s global competitiveness and mitigate rising cost pressures, York will continue with its stated strategic intent to develop the Sabie integrated site.



Panel board prices are impacted by imports due to the shortage of supply. York is in the process of increasing its panel board production capacity which is expected to be completed by 2015. York will re-commission its Golden Rhino Lumber sawmill during the second half of the financial year to achieve greater penetration in wholesale and remanufacturing sectors. The turnaround strategy, following the acquisition of the Roodekop and Epping businesses, is expected to deliver positive results in the next six months. The granting of the Environmental Impact Assessment approval for the Sabie integrated site is expected during the next six months and will allow development of the site to commence. The envisaged Sabie integrated site will enable York to be cost competitive with other emerging countries, to optimise its fibre utilisation and to diversify its product lines as well as access new markets.
28-Feb-2014
(Official Notice)
York is in the process of finalising its interim results for the six months ended 31 December 2013 for release prior to 31 March 2014.



Shareholders are advised that:

* operating profit for the six months ended 31 December 2013 is expected to be between 40% and 45% lower than the comparative period;

* net cash from operating activities is expected to be between 15% and 20% higher than that reported in the comparative period;

* the increase in biological asset value for the six months ended 31 December 2013 is expected to be between similar 0% - 2% greater than the adjustment in the comparative period. The biological asset valuation at 31 December 2013 is expected to be similar slightly increased to that at 31 December 2012;

* earnings per share for the six months ended 31 December 2013 is expected to be between 65% and 70% lower than reported in the comparative period as a result of lower operating profit compared to the previous corresponding; and

* headline earnings per share for the six months ended 31 December 2013 is expected to be between 65% and 70% lower than reported in the comparative period.
13-Nov-2013
(Official Notice)
Shareholders of York ("Shareholders") are advised that at the annual general meeting of Shareholders ("AGM") held on Tuesday, 12 November 2013, all the resolutions tabled as set out in the notice of AGM were approved by the requisite majority of Shareholders present or represented by proxy. The required special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
30-Sep-2013
(Official Notice)
Shareholders of York ("Shareholders") are advised that the integrated annual report containing the audited consolidated financial statements for the year ended 30 June 2013 will be posted to shareholders today, 30 September 2013.



The integrated annual report will also be available online at www.york.co.za.



Notice of annual general meeting

The annual general meeting of Shareholders will be held on Tuesday, 12 November 2013 at 10h00 at 2nd Floor, 5 Commerce Square, 39 Rivonia Road (entrance on Helling Road), Sandhurst, Johannesburg, South Africa to transact the business as stated in the notice of annual general meeting, forming part of the integrated annual report.
30-Sep-2013
(C)
Revenue increased to R1.13 billion (R1.11 billion). Gross profit declined to R410.3 million (R421.5 million) and operating profit decreased to R161.4 million (R166.1 million). Net attributable profit was lower at R106.9 million (R137.8 million). In addition, headline earnings per share fell to 33cps (42cps).



Outlook

York remains well positioned to advance its strong market position. The acquisition subsequent to year end of the businesses of Thorpe Timber Company in Roodekop and Timber Preservation Services in Epping will improve our access to the market through the wholesale channels. This will improve York's market footprint nationally and lead to growth and diversification of revenue; the wholesale division has expanded the group's value adding capacity thereby diversifying our product offering to the market.



The efficiency and processing improvements resulting from the group's investment in technology will improve operating margins at York's processing plants and further increase York's cost competitive advantage.



The lead indicators of the primary drivers of York's market suggest growth going forward. The South African market is underpinned by a need for residential building and infrastructure development which will drive a continued demand for timber related products.



The group is actively pursuing both internal and external growth possibilities with a strong focus on fibre utilisation and processing efficiencies, this strategy is aimed at unlocking York's full potential and significantly improving both earnings and cash generating ability.
06-Sep-2013
(Official Notice)
York is in the process of finalising its results for the year ended 30 June 2013 for release prior to 30 September 2013. Operating profit for the year ended 30 June 2013 is expected to be less than 5% lower than reported in the comparative period. This is due to lower market demand and consequently less lumber volumes sold than in the prior period.



As a result of the Group's continued strategy to procure third party saw logs while preserving its own plantations, and increased stock at year-end in preparation for seasonal sales during the first two quarters, net cash flow from operating activities is expected to be between 60% and 65% lower than that reported in the comparative period. The cash balance at the year-end was 9.8% higher than the comparative period.



Shareholders are advised that:

* earnings per share ("EPS") for the year ended 30 June 2013 are expected to be between 19% and 24% lower than those reported in the comparative period as a result of a lower fair value adjustment than in the prior period and lower gross profit due to the lower market demand. EPS of 32 to 34 cents are expected (year ended 30 June 2012: 42 cents per share); and

* headline earnings per share ("HEPS") for the year ended 30 June 2013 are expected to be between 19% and 24% lower than those reported in the comparative period. HEPS of 32 to 34 cents are expected (year ended 30 June 2012: 42 cents per share).
05-Aug-2013
(Official Notice)
York announced the appointment of Pieter van Buuren ("Pieter") as CFO to the board of the company with effect from 1 October 2013. Sean Pretorius ("Sean"), the acting CFO has been appointed as chief commercial officer of York.
26-Jul-2013
(Official Notice)
York shareholders are referred to the announcement published on the Stock Exchange News Service of the JSE Limited on 18 March 2013 regarding the acquisition by York of Iliad's wholesale timber business (the Acquisition). The Acquisition was subject to approval by the South African Competition Commission in accordance with the Competition Act, No. 89 of 1998. York announce that the Competition Commission unconditionally approved the Acquisition on 24 July 2013 and it will become effective on 1 August 2013.

18-Mar-2013
(Official Notice)
York shareholders ("shareholders") were advised that the company's wholly owned subsidiary Agentimber (Pty) Ltd. has acquired defined tangible operating assets, defined liabilities, intangible assets excluding shareholder loans and taxation from Iliad Africa Ltd.'s Timber Wholesale business as a going concern ("Acquisition").



The Iliad Africa Ltd. Timber Wholesale business comprises Germiston-based Thorpe Timber that is a manufacturer and wholesale distributor of timber as well as Cape Town-based Timber Preservation Services that operates a timber value adding, treating and wholesale distribution business.



By making this Acquisition the York group's product and service offering will be enhanced thereby strengthening the company's market presence.



The consideration for the Acquisition is R45.5 million, payable in cash and subject to adjustment on the effective date. The Acquisition will become effective upon receipt of approval from the Competition authorities in terms of the Competition Act, No. 89 of 1998.



The Acquisition falls below the Category 2 transaction threshold in terms of the JSE Ltd. Listings Requirements and this announcement has been made to keep shareholders informed of the ongoing activities of the company.
12-Mar-2013
(C)
Revenue for the interim period ended 31 December 2012 increased to R590.7 million (2011: R564.8 million). Gross profit rose to R211.1 million (2011: R203 million), but operating profit fell to R66.7 million (2011: R67.3 million), while profit for the period lowered slightly to R43.5 million (2011: R43.7 million). Furthermore, headline earnings per share remained stable at 13cps (2011: 13cps).



Outlook

Despite significant cost pressures from escalations in labour, fuel and electricity costs, York remains poised to advance its strong market position. Alternative marketing channels are being explored and our Southern African growth strategy is well underway. York has been investing in appropriate technology to further strengthen its cost competitive advantage. The Sabie integrated site development will reinforce Yorks position as the cost leader in the Southern African market. The fundamental market drivers supporting demand for Yorks product offering remain positive. Market confidence in the residential building and construction sectors is at a low level and once this improves, strong growth is anticipated. York is well placed to take advantage of this growth.
07-Mar-2013
(Official Notice)
The board of York announced the appointment of Mr Thabo Mokgatlha and Mr Dinga Mncube as non-executive directors to its Board of Directors with effect from 6 March 2013.
31-Jan-2013
(Official Notice)
Shareholders were advised that Duncan Erskine, Chief Financial Officer ("CFO") of York has resigned with effect from 30 January 2013.



In the interim period, until the company completes its recruitment process for a permanent replacement, Sean Pretorius, Chief Sales and Logistics Officer will be acting CFO. Mr Pretorius is a qualified Chartered Accountant and has served the company for two years in various roles.
16-Nov-2012
(Official Notice)
York shareholders ("Shareholders") were advised that at the annual general meeting of shareholders ("AGM") held on Thursday, 15 November 2012, all the resolutions tabled at the AGM were approved by the requisite majority of shareholders present or represented by proxy. The required special resolutions will be filed with the Companies and Intellectual Property Commission in due course. Shareholders are further advised that Ms Han-hsiu Hsieh replaced Fusion Corporate Secretarial Services (Pty) Ltd. as company secretary with effect from 15 November 2012.
28-Sep-2012
(Official Notice)
York shareholders are advised that the abridged condensed consolidated audited financial statements for the year ended 30 June 2012 along with the notice of annual general meeting were posted to Shareholders and contain no changes to the reviewed preliminary condensed consolidated results for the year ended 30 June 2012 that were published on SENS on 25 September 2012. The Integrated Annual Report 2012 containing the full annual financial statements for the year ended 30 June 2012, and the Abridged Results and Notice will be available on the Company's website www.york.co.za. Additional physical copies thereof may be obtained from the Company?s registered office.



Notice of AGM

Notice is hereby given that the annual general meeting (?AGM?) of Shareholders will be held at, 2nd Floor, 5 Commerce Square, 39 Rivonia Road (entrance in Helling Road), Sandhurst, Johannesburg on Thursday, 15 November 2012 at 09:00, to consider and, if deemed fit to pass, with or without modification, the ordinary and special resolutions set out in the Notice, and to deal with such other business as may lawfully be dealt with at the AGM.
26-Sep-2012
(Media Comment)
Business Report highlighted that the restructuring of York Timber's operations to cater for market needs helped the company increase its full year revenue by 16 percent to R1.1 billion rand, despite a challenging environment. York Timber reported an increase in lumber and ply-wood sales volumes, which was attributed to the housing shortage and the improvement in infrastructure.
25-Sep-2012
(C)
Revenue for the year jumped up 16% to R1.1 billion (2011:959.1 million) whilst operating profit increased to R166.1 million (2011: R161.9 million). Net attributable profit to equity holders shot up 260% to R137.8 million (2011: R38.3 million). In addition, headline earnings per share were 42cps (2011: 16cps).



Outlook and prospects

York's future prospects are positive as the company anticipates that continued industry margin pressure will result in a consolidation of the industry, in which York is well positioned to participate.



FY2013 will see York increase its focus on contractor accountability and responsibility as the company align all our contractor standards to acceptable benchmarks.



York's focus for the next financial year will be to continue to deliver on the seven pillars around which the restructuring was built, namely: cost optimisation, resource optimisation, maximisation of cash flow, sustained improvement of biological assets, maintaining market share, investment in human capital and implementation of the strategic growth plan for the business.
30-Aug-2012
(Official Notice)
York is in the process of finalising its results for the year ended 30 June 2012 for release prior to 30 September 2012. Operating profit for the year ended 30 June 2012 is expected to be between 2% and 8% higher than that reported in the comparative period. The increase in biological asset value for the year ended 30 June 2012 is expected to be between 804% and 814% higher than the increase recorded in the comparative period. Accordingly, shareholders are advised that:

*earnings per share ("EPS") for the year ended 30 June 2012 are expected to be between 41 and 43 cents when compared to 12 cents for the comparative period; and

*headline earnings per share ("HEPS") for the year ended 30 June 2012 are expected to be between 41 and 43 cents when compared to 16 cents for the comparative period.
12-Mar-2012
(Official Notice)
Revenue increased to R564.8 million (R491.1 million). Gross profit rose to R203 million (R201.5 million). Operating profit declined marginally to R67.3 million (R67.6 million). However, net attributable profit soared to R43.7 million (R7.2 million). In addition, headline earnings per share on a per share basis more than doubled to 13cps (6cps).



Outlook

The ownership of plantations managed for solid wood processing is advantageous as the demand for lumber products is expected to outstrip the available long term supply. York recognises the importance of the future availability of suitable timber and is managing its plantations accordingly. York anticipates continued value margin improvements across all processing plants and with a new debt structure, plantations are managed for optimal returns in prevailing market conditions.
29-Feb-2012
(Official Notice)
Shareholders are advised that: earnings per share ("EPS") for the six months ended 31 December 2011 are expected to be between 540% and 560% higher than those reported in the comparative period. EPS of 12.8 to 13.2 cents are expected (six months ended 31 December 2011: 2 cents per share); and headline earnings per share ("HEPS") for the six months ended 31 December 2011 are expected to be between 107% and 127% higher than those reported in the comparative period. HEPS of 12.4 to 13.6 cents are expected (six months ended 31 December 2011: 6 cents per share). Shareholders are advised that the information included in this announcement has not been reviewed or reported on by the company's auditors.
08-Feb-2012
(Official Notice)
York shareholders are advised that at the annual general meeting of shareholders ("AGM") held on Monday, 6 February 2012, all the resolutions tabled at the AGM, save for those referred to below which were withdrawn, were approved by the requisite majority of shareholders present or represented by proxy.



Ordinary resolution number 6 regarding a general authority to directors to allot and issue authorised but unissued ordinary shares, ordinary resolution number 7 regarding a general authority to issue shares for cash and special resolution number 1 regarding a general authority to acquire (repurchase) shares were withdrawn at the AGM. The above approvals included the adoption of special resolution number 3 relating to the granting of a general authority to provide financial assistance in terms of sections 44 and 45 of the Companies Act, 71 of 2008 ("Special Resolution").



The Special Resolution relates to the provision of financial assistance by York to group companies. Further to the adoption of the Special Resolution, the company will proceed with the finalisation of R600 million term loan facility from the Land and Agricultural Development Bank of South Africa, details of which were provided in the announcement published on the SENS on 25 January 2012.

03-Oct-2011
(Official Notice)
Shareholders are advised that the annual report and consolidated audited annual financial statements for the year ended 30 June 2011 were posted to shareholders today and contain no changes to the reviewed preliminary results that were announced on SENS and published on our website on 7 September 2011. The annual report and consolidated audited annual financial statements for the year ended 30 June 2011 will be available online at www.york.co.za on Friday, 30 September 2011. Shareholders will be notified of the details of the annual general meeting in due course.
07-Sep-2011
(C)
Revenue rose to R959.1 million (2010: R909.4 million), and gross profit grew to R420.9 million (2010: R350.1 million). Operating profit increased to R161.9 million (2010: R35.2 million), while profit for the period was recorded at R38.3 million (2010: R64.6 million). Headline earnings per share was recorded at 16cps (2010: 40cps).



Dividend

No dividend was declared in the period under review.



Prospects

Business sentiment towards the building industry remains weak. Despite this, the Group is well placed to drive production efficiencies and to grow profits and cash flows. There are a number of capital projects in progress which should contribute to future results. The interest rate swap hedging arrangement has matured and this should positively affect earnings going forward. This statement is not a forecast and has not been reviewed or reported on by York?s auditors. The cost associated with York's debt continues to increase and as a result York is considering restructuring or replacing its current debt package.
25-Aug-2011
(Official Notice)
York is in the process of completing its results for the year ended 30 June 2011 for release prior to 30 September 2011. Operating profit for the year ended 30 June 2011 is expected to be between 450% and 470% higher than that reported in the comparative period. Accordingly, net cash flow from operating activities is expected to be between 495% and 515% higher than that reported in the comparative period. Shareholders are reminded that, at 30 June 2010, the discounted cash flow method was adopted to value the biological asset. The result of this was an increase in the value of this biological asset of R183 million for that period. The increase in biological asset value for the year ended 30 June 2011 will represent a normalised period and is expected to be between 4% and 12% of the adjustment in the comparative period. The biological asset valuation at 30 June 2011 will exceed that at 31 December 2010.



Accordingly, shareholders are advised that earnings per share ("EPS") for the year ended 30 June 2011 are expected to be between 57% and 67% lower than those reported in the comparative period as a result of the adoption of the discounted cash flow biological valuation method on 30 June 2010. EPS of 10 to 13 cents is expected (year ended 30 June 2010: 30 cents per share); and headline earnings per share ("HEPS") for the year ended 30 June 2011 are expected to be between 55% and 65% lower than those reported in the comparative period as a result of the adoption of the discounted cash flow biological valuation method on 30 June 2010. HEPS of 14 to 18 cents is expected (year ended 30 June 2010: 40 cents per share).
14-Mar-2011
(C)
Revenue increased by 21% to R491.1 million (R407.3 million. Operating profit increased from R12.2 million for the six months ended December 2009 to R67.6 million for December 2010. Net attributable profit came in at R7.2 million (loss of R144.7 million). In addition, headline earnings per share improved to 6c (loss of 141cps).



Prospects

York believes that the performance during the first six months of the 2011 financial year can be sustained.
07-Mar-2011
(Official Notice)
York is in the process of completing its results for the six months ended 31 December 2010 for release on or about 15 March 2011. Shareholders are advised that:

* Earnings per share ("EPS") for the six months ended 31 December 2010 are expected to be between 97% and 107% higher than those reported in the comparative period. A loss of 4 cents to a profit of 10 cents per share is expected (six months ended 31 December 2009: loss of 135 cents per share); and

* Headline earnings per share ("HEPS") for the six months ended 31 December 2010 are expected to be between 99% and 109% higher than those reported in the comparative period. A loss of 2 cents to a profit of 13 cents per share is expected (six months ended 31 December 2009: loss of 141 cents per share).
16 Nov 2010 15:13:07
(Official Notice)
York shareholders ("shareholders") were advised that at the annual general meeting of shareholders held today, all the resolutions proposed at the meeting were passed by the requisite majority of shareholders, save for ordinary resolutions five and six which were withdrawn by the board of directors prior to the commencement of the meeting. The special resolution is in the process of being submitted to the Companies and Intellectual Property Registration Office for registration.
07 Oct 2010 14:49:01
(Official Notice)
Shareholders are advised that, in line with the company's stated intention to restructure the board, Dr A Jammine has been appointed as an independent non- executive director of York with effect from 5 October 2010.
30 Sep 2010 18:07:45
(C)
Revenue fell to R909.4 million (2009: R1.1 billion), however gross profit grew to R350.1 million (2009: R333.1 million). Operating profit declined to R35.2 million (2009: R135.8 million), while profit for the period was recorded at R64.6 million (2009: loss of R231.9 million). Moreover, headline earnings per share was recorded at 40cps (2009: loss of 254cps).



Dividend

No dividend was declared in the period under review.



Prospects

Management believe that the performance during the second six months of the 2010 financial year can be sustained. Revenue has improved during the three months of the new period when compared to the comparable three month period a year ago. The cost and raw material optimisation strategies and supply chain improvements continue to positively impact performance and results. The above prospects is not a forecast and has not been reviewed or reported on by the Group`s auditors

15 Sep 2010 14:43:27
(Official Notice)
York is in the process of completing its results for the year ended 30 June 2010 for release on or about 30 September 2010. Accordingly, York advises shareholders that:

*Headline earnings per share ("HEPS") for the year ended 30 June 2010 are expected to be between 112% and 120% higher than those reported in the comparative period. HEPS of between 30 cents and 50 cents are expected (2009: loss of 254 cents).

*Earnings per share ("EPS") for the year ended 30 June 2010 are expected to be between 107% and 114% higher than those reported in the comparative period. EPS from continuing operations of between 20 cents and 40 cents are expected (2009: loss of 296 cents).

Despite the difficult economic environment, York successfully implemented its restructuring plans and right-sizing strategy resulting in an improvement in processing efficiencies and the optimisation of its raw material base. This led to an improved performance in the second half of the 2010 financial year. Furthermore, the group adopted the discounted cash flow method, widely used in the forestry, paper and pulp industry, to calculate the fair value of its biological asset. This resulted in an increase in the value of the asset of approximately 10.5% over the comparative value of the asset in the previous corresponding period.
12 Jul 2010 11:20:16
(Official Notice)
Shareholders are referred to the announcement dated 9 July 2010 and are advised that the trade was carried out in error and has been reversed.
25 Jun 2010 14:11:31
(Official Notice)
Shareholders of York ("shareholders") were advised that at the general meeting of shareholders held on Thursday, 24 June 2010, 91.63% of voteable York shares were represented and all the resolutions proposed at the meeting were passed by the requisite majority of shareholders, save for special resolutions number two. Special resolution number one is in the process of being submitted to CIPRO for registration.
18 May 2010 14:02:22
(Official Notice)
Shareholders are advised that in line with the company's stated intention to restructure the Board, Mr. G Tipper has been appointed as an independent non-executive director to the board with effect from 17 May 2010. Mr. G Tipper will also serve as Chairman of the audit committee.
29 Mar 2010 11:15:46
(C)
Revenue for the interim period was lower on R407 333 million (2008: R998 122 million) . Gross profit decreased to R146 939 million (2008: R321 286 million) while operating profit fell to R12 199 million (2008: R175 201 million) . Loss for the period attributable to owners of the parent was lower on R144 674 million (2008: R231 920 million) . Furthermore, headline loss per share decreased to 141 cps (2008: 254 cps) .



Dividends

No ordinary dividend was declared taking into consideration the debt facilities extended by York's bankers and other growth plans during the period under review.



Company outlook

The group remains largely self-sufficient in terms of logs supplied by its own timber plantations and owns four modern, well-managed sawmills and a plywood plant. On recovery of the economy, York will gain the benefits from its restructuring and become even more competitive in the market. One of management's key objectives remains to increase the group's profitability. This objective will be fulfilled through optimising its processing facilities, utilisation of own raw materials, improving operational productivity and exploitation of its leading position in the softwood market. The group also plans to increase its ownership of forestry resources, should these opportunities present themselves. The current net asset value per share of 524 cents and tangible net asset value per share of 337 cents is in excess of the current traded share price.
02 Mar 2010 08:05:19
(Official Notice)
Shareholders are referred to the trading statement dated 1 March 2010 and are advised that it contained a typographical error as it should have referred to a headline earnings per share of 139 cents per share and 169 cents per share.
01 Mar 2010 17:57:11
(Official Notice)
York is in the process of completing its results for the six months ended 31 December 2009 for release on or about 30 March 2010. Accordingly, shareholders were advised that basic headline earnings per share are expected to be in the range of 139 cents per share and 169 cents per share. The result is mainly attributable to a continued decrease in demand for timber in line with the current economic slow down. In addition, the fair value of the biological asset was reduced by approximately 4.5% when compared to the value of the biological asset as at 30 June 2009: harvested volume exceeding volume growth, a consequence of the fires in 2007 and 2008.
17 Feb 2010 15:40:57
(Official Notice)
Shareholders were advised that at the annual general meeting of shareholders held on Tuesday, 16 February 2010, all the resolutions proposed at the meeting were passed by the requisite majority of shareholders, save for ordinary resolutions number 7 and 8 which were withdrawn by the board of directors prior to the commencement of the meeting. The special resolution is in the process of being submitted to the companies and intellectual property registration office for registration.
12 Feb 2010 08:03:57
(Official Notice)
York announced that Fusion Corporate Secretarial Services (Pty) Ltd, represented by Melinda van den Berg has been appointed as company secretary to York, effective 9 February 2010.
31 Dec 2009 12:25:54
(Official Notice)
Shareholders are referred to the "No change statement" announced on 24 November 2009 which announcement confirmed that there has been no change from the reviewed condensed consolidated provisional financial statements of York for the year ended 30 June 2009, which were published on 30 September 2009. Shareholders are advised that the annual report containing audited financial statements for the year ended 30 June 2009 will be dispatched to shareholders on Friday, 31 December 2009. As set out in the 24 November announcement, shareholders are reminded that the annual general meeting of the company will be held on Tuesday, 16 February 2010 at 10:00 at York Corporate Office, 3 Main Street, Sabie, 1260.
14 Dec 2009 16:23:25
(Official Notice)
Shareholders are referred to the announcement released on the SENS on 30 October 2009 relating to the York rights offer in terms of which 250 000 000 shares in the authorised but unissued share capital of York were offered for subscription to shareholders ("the rights offer shares") in the ratio of 307.72792 rights offer shares for every 100 York ordinary or preference shares ("shares") held on the record date at an issue price of 200 cents per rights offer share ("the rights offer"). The rights offer closed on Friday, 11 December 2009 and 99.3% of the shares were subscribed for.



The excess rights offer shares subscribed for will be allocated to applicants in a manner viewed as equitable in terms of the Listing Requirements of the JSE Ltd taking cognisance of the number of shares held by the relevant shareholder prior to such allocation, including those taken up as a result of the rights offer and the number of excess shares applied for by such shareholder. Share certificates will be posted to holders of certificated shares on or about Tuesday, 15 December 2009.
24 Nov 2009 10:58:42
(Official Notice)
Shareholders are advised that the annual report containing audited financial statements for the year ended 30 June 2009 will be dispatched to shareholders Friday, 4 December 2009. The audited financial statements for the year ended 30 June 2009 together with the auditors report is available on the company's website: www.york.co.za. There has been no change from the reviewed condensed consolidated provisional financial statements for the year ended 30 June 2009, which were published on 30 September 2009. Notice is hereby given that the annual general meeting of the company will be held on Tuesday, 16 February 2010 at 10:00 at York Corporate Office, 3 Main Street, Sabie, 1260.
10 Nov 2009 17:35:54
(Official Notice)
Ordinary shareholders and preference shareholders of York are referred to the announcement released on SENS on Friday, 30 October 2009 and published in the press on Monday, 2 November 2009 which included the terms and declaration information relating to the rights offer of 250 000 0000 listed ordinary shares in York made available to shareholders in the ratio of 307.72792 rights offer shares for every 100 ordinary shares or preference shares held by shareholders at the close of business on Friday, 20 November 2009, at R2.00 per rights offer share.



Shareholders are advised that all conditions precedent to the rights offer have been fulfilled.



Salient dates

*Last day to trade in shares in order to settle trades by the record date for the rights offer and to qualify to participate in the rights offer (cum rights) - 13 November 2009

*Rights offer circular and revised listing particulars posted to shareholders - Monday 23 November 2009

*Rights offer opens at 09h00 on - Monday 23 November 2009

*Last day to trade in letters of allocation in order to settle trades by the close of the rights offer and participate in the rights offer at the close of - Friday 4 December 2009

*Listing of the maximum number and trading of rights offer shares on the JSE commences at 09h00 on - Monday 7 December 2009

*Rights offer closes at 12h00 and payment to be made and forms of instruction lodged by certificated shareholders with the transfer secretaries by 12h00 on - Friday 11 December 2009

*Results of rights offer published in the press - Tuesday 15 December 2009
30 Oct 2009 17:59:31
(Official Notice)
27 Oct 2009 17:21:44
(Official Notice)
Shareholders are advised that at the York general meeting held on Tuesday 27 October 2009, 99.97% of shareholders present or represented at the general meeting voted in favour of the special and ordinary resolutions contained in the notice of general meeting pertaining to the increase in the ordinary share capital of York and placing the authorised but unissued ordinary shares under the control of the board of directors of York.



Shareholders representing 89.5% of the issued ordinary share capital of York and 100% of the convertible, non-redeemable, cumulative preference shares were present in person or by proxy at the general meeting. The special resolution will be lodged with the Companies and Intellectual Property Registration Office for registration in due course
08 Oct 2009 09:32:17
(Media Comment)
According to the Financial Mail, South Africa is facing a long-term shortage of softwood timber, used in residential buildings, and this would likely benefit York despite its current troubles and pending rights issue. In addition, York's rights issue will reduce the risk in the business and the share will continue to be backed by substantial assets, even though the company's issued share capital will be more than doubled.
06 Oct 2009 08:14:35
(Official Notice)
Ordinary and convertible non-redeemable cumulative preference shareholders of York are referred to the further cautionary announcement dated 30 September 2009 wherein they were advised that the company's board of directors has resolved to recapitalise the company through the injection of additional equity capital by means of a rights offer. In order to implement the rights offer, the company requires the approval by shareholders in a general meeting of a special resolution to increase its authorised ordinary share capital. In addition, an ordinary resolution to place the requisite number of authorised but unissued ordinary shares under the control of the directors is required. A circular containing details of the above resolutions, was posted to shareholders on Monday, 5 October 2009.



Notice is given that a general meeting of shareholders will be held at 10:00am on Tuesday, 27 October 2009 at the Industrial Development Corporation of South Africa Ltd ("IDC"), 19 Fredman Drive, Sandton in order to vote on the resolutions necessary to implement the rights offer.



Shareholders holding more than 80% of the ordinary and convertible non- redeemable cumulative preference shares have irrevocably undertaken to vote in favour of the resolutions at the general meeting necessary to implement the rights offer. These shareholders comprise the IDC, The Lereko Metier Capital Growth Fund, Blackstar Group Plc, Corocapital Ltd and RMB Ventures Four (Pty) Ltd.



Salient dates and times :

* Circular posted to Shareholders -- Monday, 5 October 2009

* Last day for Shareholders to lodge forms of proxy for the general meeting at 10:00am or alternatively to be handed to the chairman of the general meeting at least 10 minutes before the commencement of the general meeting -- Monday, 26 October 2009

* General meeting to be held at 10:00am -- Tuesday, 27 October 2009

* Results of general meeting to be released on SENS -- Tuesday, 27 October 2009

* Results of general meeting to be published in the press -- Wednesday, 28 October 2009
05 Oct 2009 18:05:25
(Official Notice)
Ordinary and convertible non-redeemable cumulative preference shareholders of York are referred to the further cautionary announcement dated 30 September 2009 wherein they were advised that the company's board of directors has resolved to recapitalise the company through the injection of additional equity capital by means of a rights offer. In order to implement the rights offer, the company requires approval by shareholders in a general meeting of a special resolution to increase its authorised ordinary share capital. In addition, an ordinary resolution to place the requisite number of authorised but unissued ordinary shares under the control of the directors is required. A circular containing details of the above resolutions, was posted to Shareholders on Monday, 5 October 2009.



Notice is hereby given that a general meeting of shareholders will be held at 10:00am on Tuesday, 27 October 2009 at the Industrial Development Corporation of South Africa Ltd, 19 Fredman Drive, Sandton in order to vote on the resolutions necessary to implement the rights offer.



Pursuant to the passing of the necessary resolutions and registering of the special resolution with the Companies and Intellectual Property Registration Office, a fully underwritten rights offer will be undertaken by the company. Shareholders will be able to subscribe for 308 new ordinary shares in the company for every 100 shares currently held at a rights offer price of R2.00 per ordinary share. A detailed terms announcement containing the full details, including the pro forma financial effects of the rights offer, will be released with the results of general meeting announcement, which is expected to be released on SENS on Tuesday, 27 October 2009. Accordingly, Shareholders are advised to continue to exercise caution when dealing in their ordinary and convertible non-redeemable cumulative preference shares of York, until such detailed announcement is made.
01 Oct 2009 09:46:49
(Official Notice)
In response to deteriorating market conditions, a decision has been taken to close two of the company's older, less efficient sawmills and mothball a third. This means York's self-sufficiency in terms of own timber processed through its mills (relative to bought out timber) is substantially improved. This is positive for both cash flow and margins.



In addition to the mill closures, a group-wide cost-cutting exercise was initiated during the latter part of 2008, which included retrenchments. Further to this the salaried staff accepted a 10% pay cut, while lower paid employees were awarded an increase of 8%. It is a credit to the staff of York that they embraced the reality facing the group and remained committed and loyal. Strategic management appointments have been made recently, resulting in a further strengthened and focused management team.



The financial benefit of the restructuring and cost cutting exercise will only be realised in the 2010 financial year, even though the restructuring costs of R18.7 million and impairment costs of R43.3 million have been included in the financial year ended June 2009. Net working capital reduced from R156 million to R119 million mainly due to a decrease in accounts receivable resulting from reduced sales volumes. As a consequence of the closure of certain sawmills, production has been reduced to be in line with market demand, which should see inventory levels decline further.



The board of directors has approved the raising of at least R500 million by way of a rights issue to reduce debt levels and, hence, financing costs. This will also allow the group to unwind the interest rate swap currently in place. On successful conclusion of the rights issue, assuming shareholder support for the planned capital restructuring, the group's total debt will fall to roughly R700 million, and annual financing costs will be reduced by 40% of the current level. The saving in interest costs, coupled with a modest recovery in product prices, will translate into a healthy bottom line improvement. Some R450 million of the proceeds from the planned R500 million rights issue will go to reducing debt, and the balance of R50 million to strategic capital expenditure.
30 Sep 2009 18:24:21
(C)
Revenue declined to R1.1 billion (R1.5 billion). Operating profit decreased to R135.8 million (R237.8 million). A net attributable loss of R231.9 million (profit of R538.8 million) was recorded. A headline loss per share of 254cps (profit 1 019cps) was registered.



Prospects

Cost reductions across the group and the restructuring of all operations were a necessary response to the current economic challenges being experienced. These actions position York to reap the benefits once the economy recovers. The group remains largely self-sufficient in terms of logs supplied by its own timber plantations and owns four modern, well-managed sawmills and a plywood plant. The group also plans to increase its ownership of forestry resources , should these opportunities present themselves. Management's objective is to maximise the group's profitability through optimisation of its processing plants , raw material utilisation and through exploitation of its leading position in the softwood market. Management will also continue to be cost efficient, improving operational productivity and optimising working capital. Management is optimistic that once the balance sheet restructure has been successfully concluded, shareholders should see the value of the group significantly enhanced as York's pre-eminent position in the industry is cemented. An investment in York is strongly underpinned by sustainable forestry and processing assets with the current net asset value per share of 1 722 cents and tangible net asset value per share of 939 cents being well in excess of the current traded share price.



Renewal of cautionary

Shareholders of York are referred to the cautionary announcement dated 28 August 2009 and are advised that the company intends raising at least R500 million by means of a rights offer. Furthermore, this process may have a material effect on the price of the company's shares traded on the JSE. Shareholders are accordingly advised to continue to exercise caution when dealing in York shares until a further detailed announcement is made in due course.
28 Aug 2009 16:32:51
(Official Notice)
York is in the process of completing its results for the 12 months ended 30 June 2009. York shareholders are advised that York expects a decrease of between 123% and 143% in eps and between 118% and 138% in headline earnings per share. It should be noted that the audited results for the period ended 30 June 2008 were for an eighteen month period as a result of a change in the financial year-end.



The decline in EPS and HEPS is mainly due to a decrease in the value of the biological asset due to a significant price decrease in the log prices in April 2009.



Further cautionary announcement

Shareholders are referred to the cautionary announcement dated 16 July 2009 and are advised that the operational restructuring referred to therein has been finalised. In addition, shareholders are advised that the board of directors of York has resolved to recapitalise the company through the injection of additional equity capital from existing and new shareholders. The company is working with its advisors to engage with shareholders and lenders on the terms of the equity injection and the restructure of the existing debt in the company. Shareholders are advised to continue to exercise caution when dealing in York shares until a detailed announcement has been made.
16 Jul 2009 13:44:11
(Official Notice)
Shareholders are advised that York has entered into a restructuring process 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 shares until a further announcement is made.
09 Jun 2009 07:39:21
(Official Notice)
York shareholders have been referred to the commentary accompanying the interim results published on SENS on 4 March 2009 in which they were informed that York has experienced deteriorating trading conditions from the end of 2008, that management expected such trading conditions to continue throughout 2009 and that remedial actions were being contemplated.



Remedial actions

Piet van Zyl has been appointed as the new chief executive officer with the specific mandate to revise the overall strategic direction of York, taking the current economic environment into consideration. After a detailed assessment, the rationalisation of processing operations is contemplated and the remedial action being considered includes the possible closing of three of its eight processing plants: two permanent closures and the mothballing of the third.



Further actions entail curtailing costs, optimising the utilisation of the company's own plantation stock on its 90 000 hectare landholding and aligning York's overhead cost structures with the current market environment. This will bring about the possible restructuring of all divisions within the company.



The way forward

York has commenced a comprehensive consultation process with all stakeholders so as to effectively implement the new strategic direction. It is intended that the contemplated restructuring will be completed as soon as possible within the coming months.
18 May 2009 12:13:15
(Official Notice)
York announced the appointment of Mr Duncan Erskine as the new chief financial officer and executive director of York with effect from Thursday, 14 May 2009.
09 Apr 2009 09:01:56
(Official Notice)
The board of directors of York Timber Holdings Ltd has announced the appointment of Pieter van Zyl as Chief Executive Officer of the company with effect from Wednesday, 8 April 2009.
09 Apr 2009 07:42:05
(Official Notice)
York announced the appointment of Mr Pieter (Piet) van Zyl as chief executive officer ("CEO") of the company with effect from Wednesday, 8 April 2009. Lance Cooper, the company's current chief executive officer, has agreed to take the position of marketing general manager of York and as a result he will step down as an executive director of the company effective 8 April 2009.
06 Apr 2009 17:08:16
(Official Notice)
Shareholders of York are referred to the annual general meeting held on 3 December 2008 during which the special resolution giving effect to company changing its name to York Timber Holdings Ltd, was approved.



Salient dates and times

The salient dates and times for the change of name are detailed below:

*Last day to trade under the old name "The York Timber Organisation Ltd" and the abbreviated name "Yorkcor" on Thursday, 30 April 2009

*Change of name effective from the commencement of business on Monday, 4 May 2009

*Trade under the new name "York Timber Holdings Ltd" from commencement of business under the JSE code: YRK , abbreviated name "York" and ISIN: ZAE000133450 on Monday, 4 May 2009

*New share certificates reflecting the change of name posted by registered post to shareholders who have surrendered their documents of title on or before 12:00 on the record date on Monday, 11 May 2009



Circular to shareholders

A circular to shareholders setting out the details of the name change, action to be taken by shareholders and a surrender form for completion by certificated shareholders, will be posted on Tuesday, 7 April 2009
04 Mar 2009 12:53:40
(C)
Revenue for the period under review decreased by 3,3% to R660 million. Gross profit was down by 16.9% as a result of margin pressure caused by rising input and raw material costs that could not be passed on to York's customers as a result of current market conditions. Operating profit increased by 9.5% from R97.4 million to R106.6 million. Headline earnings per share was 27.4c , down by 84.2% on the comparable period.



Prospects

Whilst adverse trading conditions are expected to continue throughout 2009, York's cash flow is expected to improve as the excessive fire salvage log inventories are reduced. The positive impact of the rebuilt Driekop sawmill will contribute to improved margins later in 2009, supported by efficiency gains at York's ongoing sawmilling operations , the possible cost savings at marginal sawmills and an improved ratio of own timber processed. In addition, cost control measures implemented in 2008 have begun delivering savings in the current period.
03 Mar 2009 17:16:22
(Official Notice)
Further to the trading update issued on 23 February 2009 ("the Previous Trading Update"), York expects basic headline earnings per share ("HEPS") for the six months ended 31 December 2008 to be between 82% and 86% lower than the pro forma corresponding HEPS for the six months ended 31 December 2007 as opposed to the decrease of between 60% and 80% as disclosed in the previous trading update. All the other information disclosed in the previous trading update remains unchanged. The above information has not been reviewed or reported on by the company's auditors. The unaudited interim results for the six months ended 31 December 2008 will be released tomorrow, 4 March 2009.
23 Feb 2009 12:39:58
(Official Notice)
York is in the process of completing its results for the six months ended 31 December 2008 for release on or about 4 March 2009. Shareholders are advised that York expects a decrease of between 72% and 92% in basic HEPS. It should be noted that the corresponding period included reviewed results for a twelve month period as a result of the change in the financial year-end.



HEPS is expected to decrease between 60% and 80% when compared against the pro forma results calculated for the six months ended 31 December 2007. The decline in HEPS is mainly attributable to a decrease in demand for timber in line with the current economic slow down and an oversupply of saw logs due to increased salvage operations subsequent to the 2007 and 2008 fires. These factors resulted in a stagnation of the rise of timber and saw log prices; therefore no fair value price adjustment was made to the biological assets. HEPS was also negatively affected by the costs of the accelerated felling to complete the post fire log salvage operations. As demand for timber products decreased by 15% year on year York slowed its sawmills' production to cater for reduced demand. Management has also implemented cost reduction measures in order to protect margins in the light of the lower production volumes.
23 Feb 2009 12:11:14
(Official Notice)
Ms Grathel Mothau has been appointed as an independent non-executive director to the board of York. Mr Koot van der Walt has been appointed as the acting CFO of York pending the finalisation of the process of recruiting and appointing a Financial Director.
04 Dec 2008 17:41:31
(Official Notice)
Notice is hereby given of the resignation of John Lehman, the incumbent CFO, as a director of the company and its subsidiaries with effect from 28 February 2009. John has accepted a position as CFO with an unlisted South African company in the construction industry.
04 Dec 2008 16:25:30
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held at Ground Floor, 2 Arnold Road, Rosebank, Johannesburg on Wednesday, 3 December 2008, the following two resolutions were withdrawn by the board of directors:

* Ordinary resolution number one relating to the authorisation granted to the directors to allot and issue the unissued shares of the company; and

* Ordinary resolution number two relating to the authorisation granted to the directors to allot and issue for cash shares in the capital of the company of a class of shares already in issue.

Shareholders are further advised that the remainder of the ordinary and special resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolutions regarding the change of name of the company and authorising the company and its subsidiaries to repurchase the company's own shares is in the process of being submitted to the Companies and Intellectual Property Registration Office for registration.
17 Sep 2008 12:38:36
(C)
York reported audited financial results for the 18 month period ending 30 June 2008. Highlights included:

* Headline earnings per share (HEPS) was up 280% to 1 019 cents (2006: 269 cents). Compared to the post-merger 12-month period. HEPS was up 150% to 671 cents.

* The biological assets are fair valued at the Net Standing Value Method and have increased 46% in value since they were acquired in July 2007. The increase arose due to the rise in saw log prices in the South African market as a result of the shortage in raw material. This value increase was notwithstanding the write-off of timber to the value of R87 million as a result of the July 2007 fires. The long-term liability arose mainly due to acquisition finance raised to purchase GFP. The acquisition of R1.7 billion was financed with R850 million equity finance and R850 million loan finance. GFP already had asset-based finance loans of R257 million which were part of the net assets acquired.

* Net Asset Value per share grew 125% to 2 113 cents (2006: 934 cents) and Tangible Net Asset Value per share grew 42%, from 941 cents (2006) to 1 334 cents.

*Acquisition of Global Forest Products (GFP) - York purchased 100% of all the shares in and shareholders` claims against Global Forest Products (Pty) Ltd and South African Plywood (Pty) Ltd during the period under review for an amount, inclusive of acquisition costs, of R1 703 million.



Dividends

No dividend was declared for the period under review.



Prospects

Notwithstanding slower trading conditions in 2008, York is well positioned to benefit from the timber shortage and eventual timber imports. The group is approximately 60% self-sufficient from its own timber plantations, owns six modern, well-managed sawmills and a plywood mill and is focusing on further acquisitions, locally and abroad, to increase its ownership of forestry resource. The substantial cost savings being implemented, together with improved efficiencies, will ensure that York is well positioned to meet its objectives during the current market downturn so as to reap the benefits once the economy begins to improve.
16 Sep 2008 14:16:17
(Official Notice)
Shareholder are referred to the trading update dated 5 September 2008 and are advised of the following update. In compliance with the Listings Requirements of the JSE Ltd and in respect of the 18 months ended 30 June 2008, compared to the previous 12 months ended 31 December 2006, because of the change in the financial year end during 2007 from 31 December to 30 June, the group hereby advises shareholders that:

*basic earnings per share are expected to be 259% above those of the previous corresponding period; and

*headline earnings per share are expected to be 287% above those of the previous corresponding period.

In respect of the six month ended 30 June 2008, and comparing it with the comparable six month period ended 30 June 2007, the group hereby advises shareholders that:

*basic and headline earnings per share are expected to be 246% higher than those of the comparable period;

Shareholders are advised that the financial information contained in this trading update has neither been reviewed nor reported on by the company's external auditors.
05 Sep 2008 10:48:07
(Official Notice)
Because of the change in the financial year end during 2007 from 31 December to 30 June, the group hereby advises shareholders that:

* basic earnings per share are expected to be between 249% and 269% above those of the previous corresponding period; and

* headline earnings per share are expected to be between 291% and 311% above those of the previous corresponding period.

In respect of the six month ended 30 June 2008, and comparing it with the comparable six month period ended 30 June 2007, the group hereby advises shareholders that:

* basic and headline earnings per share are expected to be between 236% and 256% higher than those of the comparable period.
04 Sep 2008 07:35:12
(Media Comment)
Business Report noted that fires had damaged 1 600ha of York's pine trees and 300ha of its eucalyptus trees in the past few days. CE Lance Cooper said York was insured for the damage and that the fires were now under control.
04 Jul 2008 15:48:23
(Official Notice)
Shareholders of York are hereby advised that Barnard Jacobs Mellet Corporate Finance (Pty) Ltd has been appointed as Sponsor to York on the JSE Ltd, effective 1 July 2008.
05 May 2008 10:34:01
(Official Notice)
Shareholders of York are advised that Mr G Tipper has resigned from the board of directors on 30 April 2008 with immediate effect to pursue other investment interests.
17 Apr 2008 12:59:58
(Official Notice)
The BEE shareholding of the Yorkcor has been increased to 39%, as a result of the Lereko Metier Capital Growth Fund?s interest in the company having increased from 4% to 14.1%.
26 Mar 2008 15:35:49
(Official Notice)
Pieter Benjamin Odendaal has been appointed to the board with effect from 26 March 2008.
25 Mar 2008 12:50:22
(Official Notice)
The acquisition of GFP has significantly changed the size and nature of the company and has resulted in significant increases in revenue and operating profit. During the period, Yorkcor completed a R350 million rights offer to fund the GFP acquisition and a R203 million issue of shares for cash to finance working capital for the merged group. As a consequence, the number of ordinary shares in issue increased from some 11 million to some 78 million and liquidity improved dramatically.
25 Mar 2008 12:43:17
(C)
The companies` year-end has been changed from December to June to fall in line with the GFP financial year end. The current results are based on a 12 month period. The next results reported in June 2008 will be for an 18 month period. Revenue for the twelve months to 31 December 2007 increased by 136% to R929.1 million. Sales volumes for the "old York mills" were at the same level as those for the corresponding period with the balance of the increase due to the acquisition of GFP. Plantations were re-valued by an amount of R239.9 million, based on the net standing value method. Spot market prices are currently approximately 16% higher than the long-term contract prices. Severe plantation fires were experienced in 2007 and resulted in a substantial reduction in the planted area of South Africa's planted timberlands. York's uninsured losses arising from the fire amounted to R106 million and comprised fire damage to plantations, fire fighting costs and costs of log stocks damaged by fire. Fully diluted headline earnings per share increased 20% to 323.4 cents (2006: 268.5 cents) whilst ordinary earnings per share increased 18.2% to 335.4 cents (2006: 283.6 cents).



Dividends

No dividend was declared for the period under review.



Prospects

The prospects for the last six months of the period are positive, and the directors of Yorkcor expect the company to maintain its current growth as operational efficiencies emerge and log prices continue to rise.
20 Mar 2008 14:12:54
(Official Notice)
Shareholders of York are advised that the diluted headline earnings per share for the twelve months ended 31 December 2007 is expected to be between 20% to 22% greater than the diluted headline earnings per share for the previous corresponding period. The reviewed interim financial results of York for the twelve months ended 31 December 2007 will be published on or about 25 March 2008.
30 Nov 2007 14:40:29
(Official Notice)
Shareholders of York are advised that the financial year-end of the company has been changed from 31 December to 30 June of each year. The reason for this change is to align the financial year end of the listed holding company with that of the operational companies subsequent to the acquisition of Global Forest Products in July 2007. The next audited year-end financial results of York will be for the 18 months ended 30 June 2008.
20 Jul 2006 16:48:50
(Official Notice)
All of the ordinary resolutions and a special resolution proposed at the AGM of the company held on Thursday, 20 July 2006, were approved by the requisite majority of shareholders.
07 Jul 2006 14:39:02
(Official Notice)
Mr Nthato Motlana, a non-executive director, has resigned with effect from 7 July 2006, in order to pursue employment elsewhere.
04 Jul 2006 12:09:12
(Official Notice)
Further to the cautionary announcements dated 31 March and 17 May 2006, shareholders are advised that discussions with a black economic empowerment grouping are still in progress which, if successfully concluded, may have an impact on the price of the company's securities.
17 May 2006 17:53:23
(Official Notice)
Further to the cautionary announcement dated 31 March 2006, shareholders are advised that discussions with a black economic empowerment grouping are still in progress which, if successfully concluded, may have an impact on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in their shares until a further announcement is made.
31 Mar 2006 12:52:48
(Official Notice)
Shareholders are advised that the company has entered into discussions with a black economic empowerment grouping 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.
30 Mar 2006 13:01:17
(C)
Revenue rose by 58% from R179 million to R284 million and gross profit improved by 37% to R129 million (R94 million). Profit from operations decreased to R5.3 million (R13.5 million) due to an arbitration awards provision of R22.96 million. Earnings per share decreased to 56.7cps (101.6cps) with headline earnings dropping to 45cps (84.8cps).
08 Mar 2006 14:33:48
(Official Notice)
Adv Solly Tucker has retired as chairman and a director of Yorkcor for health reasons with immediate effect. He has been associated with the company since 1960. Adv Tucker is succeeded by Dr MJC van Vuuren as non-executive chairman. Dr van Vuuren has been a director of Yorkcor since 2003 and has served the company over two periods, together totalling 15 years.
10 Nov 2005 10:23:21
(Official Notice)
Yorkcor announced that Mr John Lehman has been appointed an executive director of Yorkcor with effect from 25 October 2005. Mr Lehman will become the group financial director.
13 Oct 2005 14:49:45
(Official Notice)
Yorkcor has concluded the acquisition of the assets of Taurus Estates, near Barberton, for a consideration of R17m. The transaction is for the business of Taurus as a going concern, including soft and hardwood plantations, a third of which are mature and ready for harvesting. The business comprises, inter alia, silvicultural operations, beneficiation of sawlogs and timber trading and processing.
13 Oct 2005 14:39:32
(Official Notice)
23 Sep 2005 10:36:05
(C)
Revenue rose by two-thirds to R126m (R76m). Headline earnings rose by 720% to 72.71 cps (8.87 cps). Income attributable to shareholders was reported at R8m. A dividend of 30 cps was declared as well as a special dividend of 70 cps.
22 Sep 2005 12:03:07
(Official Notice)
Yorkcor has announced a 17-fold increase in after tax profit to R8.5 million (R0.5 million) and an eight-fold increase in headline earnings per share to 72.71c (8.87c) for the interim period to 30 June 2005. Chairman Solly Tucker says a combination of factors - including improved operational efficiencies and firm markets - contributed to the sharply improved result. Revenue improved 66% to R125.9 million (R76 million), and gross profit increased by a similar percentage to R64 million (R39 million). Net asset value increased marginally to 807c after paying a special dividend of 125c.



Yorkcor has issued a cautionary announcement advising shareholders that discussions over potential black economic empowerment initiatives are underway. Softwood sales registered a 5.93% volume increase over the previous year, though the demand for round logs may have peaked and a correction in the trend is anticipated, which should facilitate Yorkcor`s competitive quest for timber resources. Lumber prices, on the other hand, remain `unprecedently and enduringly firm,` says Tucker. Softwood lumber sales by volume recorded a 14% year-on-year increase. The average market price for sawlogs at the roadside has increased by about 10%.
16 Sep 2005 17:26:30
(Official Notice)
Notice is hereby given that, in the light of the group`s substantial current holdings of cash and near cash and continuing strong cash flow in operations, the board of directors of the company has declared an ordinary cash dividend of 30cps plus a special cash dividend of 70cps. The decision takes account of plans for capital expenditure under consideration for the ensuing period. In February 2005, the directors declared an ordinary cash dividend of 25cps plus a special cash dividend of 125cps (2004: nil), paid on Monday, 30 May 2005. In view of the expansion and diversification programme launched at the time, there were no dividends in 2004.



The ordinary interim dividend and the special dividend in aggregate amount to 100cps, and will be payable to shareholders recorded in the share register of the company at the close of business on Friday, 25 November 2005. Shareholders are advised that the last day to trade `cum` the total dividend will be Friday, 18 November 2005. The shares will trade `ex` the total dividend as from Monday, 21 November 2005, and the record date will be Friday, 25 November 2005. The total dividend will be payable on Monday, 28 November 2005. Share certificates may not be dematerialised or rematerialised during the period Monday, 21 November 2005 to Friday, 25 November 2005, both days inclusive.
16 Sep 2005 16:28:59
(Media Comment)
Yorkor`s share price rose 16% on 15 September 05 responding to the group`s positive trading statement. According to Business Day a special dividend might be declared.

15 Sep 2005 13:17:48
(Official Notice)
It is expected that basic and diluted headline earnings per share for the six months ended 30 June 2005 will reflect an increase of between 715% and 725% over the prior corresponding period. Basic and diluted earnings per share are expected to reflect a similar increase. The reported earnings per share for the corresponding period last year amounted to 9.16c per share and the headline earnings totalled 8.87c per share. The publication of the interim results is expected on or about 23 September 2005.



Further cautionary announcement

Shareholders are referred to the cautionary announcements published on SENS on 1 June 2005, 25 July 2005 and 6 September 2005 wherein it was advised that the company had entered into discussions. The talks relate to the establishment of a significant Black Empowerment Enterprise. Progress in the talks has been overtaken by competing overtures by rival third parties. The company is still engaged in the original 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.

06 Sep 2005 17:45:58
(Official Notice)
Shareholders are referred to the cautionary announcements published on SENS on 1 June 2005 and 25 July 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.
25 Jul 2005 12:48:07
(Media Comment)
At the annual general meeting of Yorkcor Solly Tucker, chairman of the group, said that Yorkcor `may give consideration to distributing another special dividend during the ensuing half year,`
25 Jul 2005 09:48:28
(Official Notice)
Shareholders are referred to the cautionary announcement published on SENS on 1 June 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.
22-Nov-2017
(X)
York is an integrated forestry company, operating through its wholly owned subsidiaries, York Timbers (Pty) Ltd., that owns plantations and processing plants, and Agentimber (Pty) Ltd., that runs a wholesale distribution network.



York has the largest market share of the South African timber and plywood market. This is a result of York?s sustainable biological assets, technologically advanced forestry operations and close attention to customer needs.


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