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13-Aug-2018
(Official Notice)
Shareholders are hereby advised that a subsidiary of the Company has entered into negotiations regarding a potential transaction, which, if successfully concluded, may have a material effect on the price of the Company?s securities. If concluded, the potential transaction would, based on the indicative transaction value, qualify as a Category 2 transaction under the JSE Listings Requirements.



Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a full announcement is made.
22-Jun-2018
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held at 08:30 on Friday, 22 June 2018 at Spier Wine Estate (?AGM?), all of the resolutions were passed by the requisite majorities of the Company?s shareholders.



Voluntary update of sum-of-the-parts value per share

Zeder, an investment holding company, continues to use the sum-of-the-parts (?SOTP?) value to provide management and investors with a realistic and transparent way of valuing Zeder. Zeder?s SOTP value per share is calculated using the quoted market prices for all JSE-listed investments and market-related valuations for unlisted investments.



As previously communicated, in order to provide investors with an up to date indicative SOTP value, Zeder?s website (www.zeder.co.za) contains an online tool whereby Zeder?s SOTP value is calculated based on approximately 15-minute delayed JSE-listed share prices for its listed investments, while all other information is updated when Zeder reports additional information to the market.



Shareholders are advised that certain of the information pertaining to unlisted assets and liabilities contained in Zeder?s online SOTP value calculation (www.zeder.co.za), has been updated so as to reflect the SOTP value as at the close of business on 15 June 2018, being R7.10 per share.



The information provided above is for general information purposes only and does not constitute an offer to sell any securities or constitute investment advice relating to securities or a representation that the security is a suitable or appropriate investment for any person or warrants any share price value in any form. Investors are advised to give independent consideration to and conduct independent investigation with regards to this information and the value of Zeder shares, and to obtain investment advice from their independent financial advisors.



The information contained in this announcement has not been reviewed or reported on by the auditor of Zeder.
21-May-2018
(Official Notice)
Shareholders were advised that Zeder?s annual report (?the annual report?), containing the audited summarised consolidated financial statements for the year ended 28 February 2018, was dispatched to shareholders today, 21 May 2018, and contains no modifications to the audited results which were announced on SENS on 17 April 2018. The annual report is also available at www.zeder.co.za.



Notice of AGM

Notice was given that the annual general meeting of Zeder will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 22 June 2018 at 08h30 to transact the business as set out in the notice of the annual general meeting on pages 70 to 85 of the annual report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Friday, 15 June 2018, with the last day to trade being Tuesday, 12 June 2018.
17-Apr-2018
(C)
Revenue decreased to R8.5 billion (2017: R10.2 billion). Gross profit lowered to R1.5 billion (2017: R1.7 billion). Total income increased to R433 million (2017: R313 million). Profit attributable to owners turned around to R254 million (2017: loss of R796 million). Furthermore, headline earnings per share recovered to 24.8 cents per share (2017: headline loss of 47.5 cents per share).



Dividend

The directors have resolved to declare a gross final dividend of 11.0 cents (2017: 11.0 cents) per share from income reserves in respect of the year ended 28 February 2018. The final dividend amount, net of South African dividend tax of 20%, is 8.8 cents per share for those shareholders who are not exempt from dividend tax.



Company prospects

Zeder remains actively involved with its underlying portfolio of companies and continuously seeks new investment opportunities. We believe that, despite inevitable cyclicality, investing in the agribusiness industry should offer attractive long-term returns and the strength of our companies and management teams, combined with a defensive portfolio mix, should contribute to the continued sustainability of results. We believe that the company and its shareholders will benefit from same.

12-Apr-2018
(Official Notice)
06-Dec-2017
(Official Notice)
Zaad Holdings Ltd. (?Zaad?), a subsidiary of Zeder, serves as its focused platform for operationally complimentary investments in the strategic agri-inputs sector. Through investments made to date it has established itself as a leading producer, marketer and distributor of a wide variety of agricultural seeds across several countries in Africa and abroad under established names like Agricol, Bakker Brothers and Klein Karoo Seed Marketing.



Shareholders are advised that Zaad has entered into sale of shares agreements in terms of which it will acquire 100% of the issued shares in Hygrotech Properties (Pty) Ltd. (?Hygrotech?). The acquisition is subject to the fulfilment of certain conditions precedent, including Competition Commission approval being obtained.



Hygrotech was founded in 1984 by Habe Roode and has since become a market leader in vegetable seed marketing and distribution in South Africa. Hygrotech offers a ?one-stop? agricultural solution, including seed, adjuvants, growth stimulants, seedling systems, fertilisers, foliar feeds, biological products, plant manipulators and mechanical implements.



Habe Roode will remain involved in the management of Hygrotech for the duration of 2018 to assist in vegetable seed matters with regard to worldwide sourcing, maintaining long term relationships and product development. He will thereafter serve as a consultant to the Zaad Group to specifically focus on growing the business of marketing specific vegetable species and varieties for Hygrotech International LLC in the United States of America for the NAFTA region.
15-Nov-2017
(Official Notice)
In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is was given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.zeder.co.za.
04-Oct-2017
(C)
Revenue for the interim period lowered to R4.4 billion (R4.9 billion) whilst gross profit decreased to R577 million (R711 million). Total income rose to R187 million (R162 million). Profit attributable to owners dived to R127 million (R214 million). Furthermore, headline earnings per share dipped to 4.3cps (14.3cps).



Dividend

It is currently Zeder?s policy to only declare a final dividend at year-end.



Company prospects

Zeder remains actively involved with its underlying portfolio of companies and continuously seeks new investment opportunities. We believe that, despite inevitable cyclicality, investing in the agribusiness industry should offer attractive long-term returns and the strength of our companies and management teams, combined with a defensive portfolio mix, should contribute to the continued sustainability of results. We believe that the company and its shareholders will benefit from same.
29-Sep-2017
(Official Notice)
23-Jun-2017
(Official Notice)
Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the annual general meeting of Zeder held on 23 June 2017 at Spier Wine Estate, Baden Powell Drive, Stellenbosch were passed by the requisite majorities.



Voluntary update of sum-of-the-parts value per share

Zeder, an investment holding company, continues to use the sum-of-the-parts (?SOTP?) value to provide management and investors with a realistic and transparent way of valuing Zeder. Zeder?s SOTP value per share is calculated using the quoted market prices for all JSE-listed investments and market-related valuations for unlisted investments.



As previously communicated, in order to provide investors with an up to date indicative SOTP value, Zeder?s website (www.zeder.co.za) contains an online tool whereby Zeder?s SOTP value is calculated based on approximately 15-minute delayed JSE-listed share prices for its listed investments, while all other information is updated when Zeder reports additional information to the market.



Shareholders are advised that certain of the information pertaining to unlisted assets and liabilities contained in Zeder?s online SOTP value calculation (www.zeder.co.za), has been updated so as to reflect the SOTP value as at the close of business on 19 June 2017, being R7.47 per share.



The information provided above is for general information purposes only and does not constitute an offer to sell any securities or constitute investment advice relating to securities or a representation that the security is a suitable or appropriate investment for any person or warrants any share price value in any form. Investors are advised to give independent consideration to and conduct independent investigation with regards to this information and the value of Zeder shares, and to obtain investment advice from their independent financial advisors.



The information contained in this announcement has not been reviewed or reported on by the auditor of Zeder.

23-May-2017
(Official Notice)
Shareholders are hereby advised that Zeder?s annual report (?the annual report?), containing the audited summarised consolidated financial statements for the year ended 28 February 2017, was dispatched to shareholders on, 23 May 2017, and contains no modifications to the audited results which were announced on SENS on 10 April 2017. The annual report is also available at www.zeder.co.za.



Notice of annual general meeting of Zeder

Notice is hereby given that the annual general meeting of Zeder will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 23 June 2017 at 08h30 to transact the business as set out in the notice of the annual general meeting on pages 56 to 69 of the annual report.



The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Thursday, 15 June 2017, with the last day to trade being Monday, 12 June 2017.

21-Apr-2017
(Official Notice)
Shareholders are hereby referred to the Zeder and Pioneer Food Group Ltd. (?Pioneer Foods?) cautionary announcements, both dated 7 March 2017, as well as to the Pioneer Foods withdrawal of cautionary announcement dated 21 April 2017.



Given that Pioneer Foods have withdrawn their cautionary announcement, caution is no longer required to be exercised by shareholders when dealing in the company?s securities.
10-Apr-2017
(C)
Revenue increased to R10.2 billion (R9.3 billion). Gross profit rose to R1.66 billion (R1.55 billion). Total income grew to R313 million (R289 million). Loss attributable to owners was recorded at R796 million (profit of R782 million). In addition, headline loss per share came to 47.5 cents per share (headline earnings per share of 36.5 cents per share).



Dividend

The directors have resolved to declare a gross final dividend of 11 cents (2016: 9 cents) per share from income reserves in respect of the year ended 28 February 2017, which represents a 22.2% increase.



Company prospects

Zeder remains actively involved with its underlying portfolio of companies and continuously seeks new investment opportunities. We believe that, despite inevitable cyclicality, investing in the agribusiness industry should offer attractive long-term returns.

05-Apr-2017
(Official Notice)
31-Mar-2017
(Official Notice)
Zaad Holdings Ltd. (?Zaad?) is a subsidiary of Zeder and serves as its focused platform for operationally complementary investments in the strategic agri-inputs sector. Through investments made to date it has established itself as a leading producer, marketer and distributor of a wide variety of agricultural seeds across several countries in Africa and abroad under established names like Agricol, Bakker Brothers and Klein Karoo Seed Marketing.



Shareholders are advised that Zaad has concluded agreements for the acquisition of a 35% stake in the Turkish company May-Agro Tohumculuk Sanayi ve Ticaret Anonim ?irketi (?May Seed?). May Seed is the largest private sector agricultural seed breeder, producer and distributer in Turkey. The company has two manufacturing plants and various product registrations. It operates in Turkey but also exports its products to more than 35 countries within the strategic geography of the European Union, Black Sea, Middle East, Africa and Central Asia regions.



May Seed was founded in the 1970?s and its vision is to become a seed company that offers innovative products which will sustain its global competitiveness through the strength of its own Research and Development activities.



The existing and potential synergies between Zaad and May Seed are numerous. The two companies can maximize their Southern and Northern Hemisphere Research and Development capabilities, by reducing the development time of new seed varieties. This will put the companies at the forefront of new developments in this competitive market. A definite advantage is the integration of certain seed productions which will optimize the cost of production and lead to higher quality supply.

07-Mar-2017
(Official Notice)
Shareholders are hereby referred to the cautionary announcement released by Pioneer Food Group Ltd. (?Pioneer Foods?) on 7 March 2017.



Pioneer Foods constitutes more than 50% of Zeder?s sum of the parts as at 7 March 2017.



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

05-Oct-2016
(C)
Revenue increased to R4.9 billion (R4.8 billion) whilst gross profit rose to R711 million (R634 million). Profit attributable to owners multiplied to R214 million (R65 million). In addition, headline earnings per share jumped to 14.3cps (6.1cps).



Dividend

It is Zeder's policy to only declare a final dividend at year-end.



Prospects

Zeder will remain actively involved in its existing portfolio of companies, while continuously seeking new opportunities. The company believes that, despite inevitable cyclicality, the agribusiness industry offers rewarding investment opportunities, both locally and abroad. The structural change following the internalisation of the management agreement bodes well for Zeder and it believes that the company and its shareholders will benefit from same.
29-Sep-2016
(Official Notice)
08-Sep-2016
(Official Notice)
29-Aug-2016
(Official Notice)
Shareholders are referred to the SENS announcements released by Zeder on 24 June 2016 and 28 July 2016, regarding the proposed internalisation of the existing management agreement between Zeder and a wholly- owned subsidiary of PSG Group Ltd. (?PSG?) (?Internalisation?). Detailed information regarding the proposed Internalisation appears in the circular to Zeder shareholders dated 28 July 2016(?Circular?).



General meeting results

Shareholders are advised that at the General Meeting of Zeder held on 29 August 2016, in order to consider and approve the Internalisation, all of the resolutions set out in the notice of General Meeting were passed by the requisite majorities of Zeder shareholders.



Shareholders are advised that, in light of the approval of Ordinary Resolution Number 2, the Takeover Regulation Panel (?TRP?) has, in terms of section 119(6) of the Companies Act, No. 71 of 2008 (?the Act?), waived the need for PSG to make a mandatory offer to the remaining Zeder shareholders under section 123 of the Act. Shareholders are advised that they may request the Takeover Special Committee to review the TRP?s above ruling within 5 business days of this announcement being released on SENS.



Anticipated timing of internalisation

It is anticipated that the final outstanding conditions precedent to the Internalisation will be fulfilled during the course of September 2016, following which the Internalisation will be implemented on the basis detailed in the Circular. Zeder will keep shareholders apprised of further developments.
28-Jul-2016
(Official Notice)
24-Jun-2016
(Official Notice)
Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the annual general meeting of Zeder held on 24 June 2016 at Spier Wine Estate, Baden Powell Drive, Stellenbosch were passed by the requisite majority, with the exception of ordinary resolutions number 2, 3 and 7 which were withdrawn prior to the annual general meeting.



Change to the board of directors

Zeder advises that Messrs AE Jacobs and WA Hanekom have retired from the board of directors (?the Board?) with effect from 24 June 2016.



24-Jun-2016
(Official Notice)
Shareholders are advised that Zeder and PSG, through its wholly- owned subsidiary PSG Corporate Services Proprietary Limited (?PSGCS?), have agreed that the existing management agreement and function in terms of which PSGCS provides investment, management, financial and other services to Zeder and its subsidiaries, be internalised by Zeder against the issue of 207 661 758 new Zeder ordinary shares to PSGCS at Zeder?s 30 day volume weighted average share price up to the effective date (?Internalisation?).



The Internalisation will result in a significant improvement in Zeder?s future profitability and cash flows, and potentially its market rating following the associated management fee cost savings. PSG will remain a significant shareholder in Zeder and the existing PSG representatives will continue to serve on both the Zeder Executive Committee and Zeder Board to help determine strategy and make investment decisions for at least the next 5 years at a nominal fee of R5 million per annum.



Should the Internalisation be implemented, PSG?s shareholding in Zeder will increase from approximately 34.5% to approximately 42.4% of Zeder?s total issued ordinary share capital. The Internalisation is subject to various conditions precedent, including Zeder shareholder approval and the waiver by Zeder shareholders of a mandatory offer to them by PSG as a result of this transaction. Indications are that the major shareholders support the Internalisation as set out above. A circular will be dispatched to Zeder shareholders in due course to provide them with detailed information regarding the Internalisation and to convene a general meeting, at which shareholders other than PSG will have the opportunity to consider and vote on the Internalisation.



An independent board has been constituted by Zeder to consider the Internalisation and to advise shareholders of their opinion in relation to the Internalisation. The independent board has, in turn, appointed an independent expert to provide it with external advice and to prepare a report, indicating whether the Internalisation would be fair and reasonable to Zeder shareholders. A copy of this report will be included in the circular to Zeder shareholders.



Zeder shareholders are advised to exercise caution when dealing in Zeder?s securities until full details regarding the Internalisation have been made public.
01-Jun-2016
(Official Notice)
Shareholders are hereby advised that Ms Nonhlanhla Mjoli-Mncube has been appointed as an independent non- executive director of Zeder with immediate effect.
24-May-2016
(Official Notice)
Shareholders are hereby advised that Zeder?s annual report, containing the audited summarised consolidated financial statements for the year ended 29 February 2016, will be dispatched to shareholders today, 24 May 2016, and contains no modifications to the audited results which were announced on SENS on 11 April 2016. The annual report is also available at www.zeder.co.za.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of Zeder will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 24 June 2016 at 08h30 to transact the business as set out in the notice of the annual general meeting on pages 46 to 55 of the annual report.



The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Friday, 17 June 2016, with the last day to trade being Thursday, 9 June 2016.



18-May-2016
(Official Notice)
Zaad Holdings Ltd. (?Zaad?), a wholly owned subsidiary of Zeder, serves as its focused platform for operationally complimentary investments in the strategic agri-inputs sector. Through investments made to date it has established itself as a leading producer, marketer and distributor of a wide variety of agricultural seeds across several countries in Africa and abroad under established names like Agricol, Bakker Brothers and Klein Karoo Seed Marketing.



Shareholders are advised that with effect from 1 May 2016, Zaad has acquired a 49% stake in the Farm-Ag Group (?Farm-Ag?). Farm-Ag has in recent years established itself as one of the largest South African owned formulators and distributors of crop protection chemicals, selling both locally and internationally.



11-Apr-2016
(C)
Revenue increased to R9.3 billion (R8.7 billion). Gross profit rose to R1.6 billion (R1.3 billion). Total income lowered to R289 million (R302 million). Profit attributable to owners jumped to R782 million (R242 million). In addition, headline earnings per share grew to 36.5 cents per share (22.0 cents per share).



Dividend

The directors have resolved to declare a gross final dividend of 9 cents (2015: 5.5 cents) per share from income reserves in respect of the year ended 29 February 2016, which represents an increase of 64%. The dividend was calculated in accordance with Zeder's policy of paying up to 100% of free cash flow as a final ordinary dividend.



Prospects

Zeder remains actively involved with its underlying portfolio of companies and continuously seeks new investment opportunities. The company believes that, despite inevitable cyclicality, investing in the agribusiness industry offers attractive returns.
06-Apr-2016
(Official Notice)
05-Oct-2015
(C)
Revenue for the interim period increased to R4.799 billion (2014: R4.263 billion). Gross profit rose to R634 million (2014: R608 million), while profit attributable to owners of the parent lowered to R65 million (2014: R134 million). Furthermore, headline earnings per share dropped to 6.1cps (2014: 14.5cps).



Dividend

It is Zeder?s policy to only declare a final dividend at year-end.



Prospects

Zeder will remain actively involved with its existing portfolio of companies, while continuously seeking new opportunities. Zeder believes that, despite inevitable cyclicality, the agribusiness industry offers rewarding investment opportunities, both locally and abroad.
30-Sep-2015
(Official Notice)
09-Jul-2015
(Official Notice)
Shareholders are referred to the joint announcement published by Zeder and Capespan on SENS and on their respective websites (www.zeder.co.za and www.capespangroup.com) on 25 May 2015, and in the press on 26 May 2015, advising that, inter alia, a circular relating to the scheme of arrangement pursuant to which Zeder has made an offer to acquire all the issued shares in Capespan (excluding treasury shares) not already held by Zeder and members of Capespan?s management (?Scheme?), was posted to the Capespan shareholders on 25 May 2015 (?Scheme Circular?).



Shareholders are further referred to the joint announcement published by Zeder and Capespan on SENS and on their respective websites on 24 June 2015, and in the press on 25 June 2015, advising that the resolution required for the approval and the implementation of the Scheme had been approved by the shareholders of Capespan.



Shareholders are hereby advised that the conditions precedent, as detailed in the Scheme Circular, have now been fulfilled and that the Scheme has become unconditional. Accordingly, the Scheme will be implemented on 27 July 2015.
24-Jun-2015
(Official Notice)
Shareholders are referred to the joint announcement published by Zeder and Capespan on SENS and on their respective websites (www.zeder.co.za and www.capespangroup.com) on 25 May 2015, and in the press on 26 May 2015, advising that, inter alia, a circular relating to the scheme of arrangement pursuant to which Zeder has made an offer to acquire all the issued shares in Capespan (excluding treasury shares) not already held by Zeder and members of Capespan?s management (?Scheme?), was posted to the Capespan shareholders on 25 May 2015 (?Scheme Circular?).



The Scheme Circular incorporated a notice convening a general meeting of Capespan shareholders for purposes of adopting the resolution required to approve the Scheme (?Scheme Resolution?).



Results of the general meeting of Capespan shareholders

Shareholders are hereby advised that at the general meeting of Capespan shareholders held at 11:00 today at Spier Wine Estate, Baden Powell Drive, Stellenbosch, the Scheme Resolution was unanimously passed by the Capespan shareholders present or represented by proxy at the meeting.
19-Jun-2015
(Official Notice)
Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the annual general meeting of Zeder held at 08:30 today, 19 June 2015, at Spier Wine Estate, Baden Powell Drive, Stellenbosch, were approved by the requisite majority.



Voluntary update of the Sum-Of-The Parts (?SOTP?) value

Zeder's SOTP value per share is calculated using the quoted market prices for all JSE-listed and over- the-counter traded investments, and market-related valuations for unlisted investments.



Shareholders are hereby advised that the information pertaining to unlisted assets and liabilities contained in Zeder?s online SOTP value calculation, available at www.zeder.co.za, have been updated as at 3 June 2015. The information provided is unaudited and for general information purposes only.
25-May-2015
(Official Notice)
21-May-2015
(Official Notice)
Shareholders are hereby advised that Zeder?s annual report, containing the audited summarised group financial statements for the year ended 28 February 2015, was dispatched to shareholders on, 21 May 2015, and contains no modifications to the audited results which were announced on SENS on 8 April 2015. The annual report is also available at www.zeder.co.za.



Notice is hereby given that the annual general meeting of Zeder will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 19 June 2015 at 08h30 to transact the business as set out in the notice of the annual general meeting on pages 50 to 57 of the annual report.



The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Friday, 12 June 2015, with the last day to trade being Friday, 5 June 2015.
08-Apr-2015
(Official Notice)
08-Apr-2015
(C)
Total income decreased to R301.2 million (R360.4 million). Net attributable profit declined to R241.8 million (R306.9 million), while, headline earnings per share lowered to 22cps (26.6cps).



Dividend

The directors have approved and declare a gross final dividend of 5.5 cents (2014: 4.5 cents) per share in respect of the year ended 28 February 2015, from income reserves, which represents an increase of 22.2%.



Prospects

Zeder will remain actively involved with its existing portfolio of companies, while continuously seeking new opportunities. It is our belief that the agribusiness, food and beverage sectors offer rewarding investment opportunities, both locally and abroad
02-Apr-2015
(Official Notice)
14-Jan-2015
(Official Notice)
Zeder, an investment holding company in the broad agribusiness industry, continues to use the sum-of-the- parts (?SOTP?) value to provide management and investors with a more realistic and transparent way of valuing Zeder. The calculation of the SOTP value is simple and requires limited subjectivity as approximately 73% of the value is calculated using listed share prices, while other investments are included at market-related valuations.



In order to provide investors with a more up to date indicative SOTP value, Zeder management will, by close of business today, release an online tool on its website (www.zeder.co.za) whereby Zeder?s SOTP value is calculated based on approximately 15-minute delayed JSE- listed share prices for its listed investments, while all other information will be updated on a monthly basis (the most recent being as at 31 December 2014).
06-Nov-2014
(Official Notice)
Following the successful implementation of the Agri Voedsel Ltd. scheme of arrangement on 20 October 2014 and recent movements in the JSE-listed share prices of Pioneer Food Group Ltd. and Quantum Foods Holdings Ltd., certain shareholders have requested more detail regarding Zeder's latest sum-of-the-parts ("SOTP") value per share. Accordingly, shareholders are hereby advised that Zeder's SOTP value has increased to R7.49 per share as at the close of business on Wednesday, 5 November 2014.



Zeder's SOTP value per share is calculated using the quoted market prices for all JSE-listed and over-the- counter traded investments, and market-related valuations for unlisted investments.
07-Oct-2014
(C)
Total income for the interim period lowered to R98.1 million (2013: R127.9 million), while profit attributable to owners of the parent jumped to R148.2 million (2013: R104.1 million). Furthermore, headline earnings per shares grew to 16cps (2013: 7.4cps).



Dividend

It is Zeder's policy to only declare a final dividend at year-end.



Prospects

Zeder remains actively engaged with its existing investments, while also continuously seeking new opportunities outside of its current portfolio. Zeder continues to believe that the agribusiness sector offers rewarding investment opportunities, both locally and abroad.
01-Oct-2014
(Official Notice)
Shareholders of Zeder and AVL are referred to the combined circular by Zeder and AVL to AVL shareholders dated 15 August 2014 ("Scheme Circular"), setting out the particulars of the scheme of arrangement proposed between AVL and its shareholders, in terms of which Zeder will acquire all the shares in AVL, not already held by Zeder ("Scheme").



Shareholders are further referred to the joint SENS announcement by Zeder and AVL on 15 September 2014, advising that all resolutions required for the approval and the implementation of the Scheme had been approved by the shareholders of Zeder and of AVL. Shareholders are referred to the conditions precedent to the Scheme, as detailed in the Scheme Circular, and are advised that all conditions precedent have now been fulfilled and that the Scheme has accordingly now become unconditional.



The Scheme will be implemented on 20 October 2014 (AVL shareholders are reminded that they need to follow the steps below, in order to receive their new Zeder shares). Shareholders are referred to the important dates and times section of the Scheme Circular (which is available on Zeder?s website at www.zeder.co.za and on AVL's website at www.kaapagri.co.za), which sets out the remaining important dates and times relating to the Scheme.



Surrender of documents of title

In order to avoid any delays for AVL shareholders to receive their new Zeder shares following implementation of the Scheme, AVL shareholders are requested to lodge their original signed and completed forms of surrender, transfer and acceptance ("Surrender Form") (as included in the Scheme Circular sent to them) and supporting documentation, with AVL?s transfer secretary or with AVL's company secretary at the addresses specified in the Scheme Circular.



Please refer to the section entitled "Action required by AVL Shareholders in relation to the Scheme" in the Scheme Circular for further guidance in this regard. In order to assist Afrikaans shareholders of AVL, an Afrikaans version of the Surrender Form will shortly be made available on Zeder's website at www.zeder.co.za and on AVL's website at www.kaapagri.co.za and will be posted to AVL shareholders on request.
15-Sep-2014
(Official Notice)
Shareholders of Zeder and Agri Voedsel Ltd. ("AVL") are referred to the joint SENS announcements by Zeder and AVL on 25 June 2014, 25 July 2014 and 15 August 2014 regarding the proposed scheme of arrangement ("Scheme") between AVL and its shareholders, in terms of which Zeder will acquire all the shares in AVL, not already held by Zeder, and are advised that the Scheme was on 15 September 2014 approved by shareholders, as set out below.



Results of general meeting of Zeder shareholders

Shareholders are advised that at the general meeting of Zeder shareholders held on 15 September 2014, all resolutions required for the approval and the implementation of the Scheme were passed.



Results of general meeting of AVL shareholders

Shareholders are referred to AVL's and Zeder's combined circular to AVL shareholders dated 15 August 2014 ("Scheme Circular"), setting out the particulars of the Scheme. Shareholders are advised that at the general meeting of AVL shareholders held today, 15 September 2014 the Scheme was approved by the adoption of the necessary special resolution.



Important dates and times

Shareholders are referred to the important dates and times section of the Scheme Circular (which is available on Zeder's website at www.zeder.co.za and on AVL's website at www.kaapagri.co.za), which sets out the remaining important dates and times relating to the Scheme.



Surrender of documents of title

In order to avoid any delays for AVL shareholders to receive their new Zeder shares following implementation of the Scheme, AVL shareholders are requested to lodge their original signed and completed forms of surrender, transfer and acceptance (as included in the Scheme Circular sent to them) and supporting documentation, with AVL's transfer secretary or with AVL's company secretary at the addresses specified in the Scheme Circular. Please refer to the section entitled "Action required by AVL Shareholders in relation to the Scheme" in the Scheme Circular for further guidance in this regard.
10-Sep-2014
(Official Notice)
Zeder, an investment holding company, continues to use the recurring headline earnings per share benchmark to provide management and investors with a realistic and transparent way of evaluating its earnings performance.



Zeder's recurring headline earnings is the sum of its effective interest in that of each of its underlying investments. The result is that investments in which Zeder holds less than 20% and are generally not equity accountable in terms of accounting standards, are included in the calculation of consolidated recurring headline earnings. One-off items are excluded from recurring headline earnings.



Trading statement

Zeder advised that a reasonable degree of certainty exists that for the six-month period ended 31 August 2014:

* Recurring headline earnings per share will be between 15.5 cents and 16.5 cents, or between 68.5% and 79.3% higher than that of the six- month period ended 31 August 2013;

* Headline earnings per share will be between 15.4 cents and 16.4 cents, or between 108.1% and 121.6% higher than that of the six-month period ended 31 August 2013; and

* Attributable earnings per share will be between 14.5 cents and 15.5 cents, or between 36.8% and 46.2% higher than that of the six-month period ended 31 August 2013.



The increase in recurring headline earnings per share was due to improved earnings contributions from the majority of Zeder's underlying investments.



Increased marked-to-market gains resulted in Zeder's headline earnings per share increasing by a higher percentage than recurring headline earnings per share.



Attributable earnings per share increased by a lower percentage than recurring headline earnings per share and headline earnings per share, mainly because of a non- headline fair value gain following Capespan becoming a subsidiary during the previous corresponding financial period.



The unaudited results for the six-month period ended 31 August 2014 will be published on or about 6 October 2014.
15-Aug-2014
(Official Notice)
14-Aug-2014
(Official Notice)
Shareholders are advised of the following changes to the composition of the Company's audit and risk committee:

* Mr Chris Otto, currently an independent non- executive director of Zeder, has been appointed as chairman of the Company's audit and risk committee with immediate effect; and

* Mr Andre Hanekom, currently an independent non- executive director of Zeder, has been appointed as a member of the Company's audit and risk committee with immediate effect.
25-Jul-2014
(Official Notice)
25-Jun-2014
(Official Notice)
Zeder shareholders are referred to Zeder?s cautionary announcement on 18 June 2014, as renewed on 20 June 2014, and are advised that, whereas the terms of the Scheme have now been announced, caution is no longer required to be exercised by shareholders when dealing in their Zeder securities.



AVL shareholders are referred to AVL?s cautionary announcement on 19 June 2014, as renewed on 20 June 2014, and are advised that, whereas the terms of the Scheme have now been announced, caution is no longer required to be exercised by shareholders when dealing in their AVL securities.
25-Jun-2014
(Official Notice)
20-Jun-2014
(Official Notice)
Shareholders are advised that the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at Zeder's annual general meeting held today, 20 June 2014, with the exception of the following resolutions which were withdrawn prior to the annual general meeting:

* ordinary resolution number 3, relating to the re- election of Michiel le Roux as director;

* ordinary resolution number 7, relating to the re- appointment of Michiel le Roux as a member of the audit and risk committee; and

* ordinary resolution number 11, relating to the general authority to issue ordinary shares for cash.



Zeder advised shareholders that Michiel le Roux has retired from the Zeder board due to other obligations and therefore ordinary resolutions number 3 and 7 were withdrawn.
20-Jun-2014
(Official Notice)
Shareholders are referred to the company's cautionary announcement on 18 June 2014. Shareholders are advised that, whereas the proposed Scheme is still being considered by the AVL board of directors, shareholders should continue exercising caution when dealing in the company's securities until the Firm Intention Offer Announcement is made.
20-Jun-2014
(Official Notice)
Shareholders are advised that Zeder has proposed a scheme of arrangement in terms of section 114 of the Companies Act, 2008 to the Agri Voedsel Ltd. ("AVL") board of directors, involving the acquisition by Zeder of all ordinary shares in AVL, not already held by Zeder ("the Scheme"), with the effect that AVL will thereafter be a wholly-owned subsidiary of Zeder.



In the event that the Scheme becomes unconditional, the AVL board proposes the Scheme to its shareholders and the Scheme is implemented, Zeder will issue to AVL shareholders a scheme consideration of 16.2 (sixteen point two) listed Zeder shares for every 1 (one) unlisted AVL share disposed of in terms of the Scheme, rounded to the nearest whole number ("the Scheme Consideration"). The see-through value of AVL (approximately R99 per AVL share) and the see-through value of Zeder (approximately R6.11 per Zeder share) have been used to calculate same. The Scheme Consideration will not have a cash alternative.



Shareholders should note that this announcement is not a firm intention offer announcement. Following the fulfilment of certain preconditions to the offer, a formal detailed firm intention offer announcement will be made by Zeder and by AVL to their shareholders ("Firm Intention Offer Announcement").



The Scheme will be subject to various conditions precedent, including, but not Ltd. to, the requisite approvals being obtained from AVL shareholders and from Zeder shareholders. In this regard, numerous AVL and Zeder shareholders have already provided firm commitments to vote in favour of and/or accept the transaction.



The implementation of the Scheme will amount to a category 1 acquisition by Zeder in terms of the Listings Requirements of the JSE Ltd. ("JSE").



The full terms of the Scheme will be announced in due course in the anticipated Firm Intention Offer Announcement.
18-Jun-2014
(Official Notice)
Shareholders are advised that the company has entered into discussions, which if successfully concluded, may have a material effect on the price of the company's securities.



Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
20-May-2014
(Official Notice)
Shareholders are advised that Chris Otto, currently an independent non- executive director of Zeder, has been appointed as a member of the Company's audit and risk committee with immediate effect.
20-May-2014
(Official Notice)
Shareholders are hereby advised that Zeder?s annual report, containing the audited summary consolidated financial statements for the year ended 28 February 2014, was dispatched to shareholders on 20 May 2014, and contains no modifications to the audited results which were announced on SENS on 7 April 2014. The annual report is also available at www.zeder.co.za.



Notice of AGM

Notice is given that the annual general meeting of Zeder will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 20 June 2014 at 09h45 to transact the business as set out in the notice of the annual general meeting on pages 40 to 50 of the annual report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Friday, 13 June 2014, with the last day to trade being Friday, 6 June 2014.
07-Apr-2014
(C)
Total income more than tripled to R307.8 million (R79.8 million). Net attributable profit declined to R291.3 million (R511.7 million). However, headline earnings per share grew by 25% to 25.8cps (20.1cps).



Dividend

A gross final ordinary dividend of 4.5cps has been declared.



Outlook

Zeder will remain actively engaged with its existing portfolio of companies, while also increasingly seeking new opportunities. Zeder continues to believe that the agribusiness, food and beverage sectors offer rewarding investment opportunities, both locally and abroad.
02-Apr-2014
(Official Notice)
12-Feb-2014
(Official Notice)
Shareholders are hereby advised that Zeder, acting through its wholly owned subsidiary, Zeder Financial Services Ltd., has disposed of 812 856 ordinary shares in Overberg Agri Ltd. ("Overberg Agri"), constituting Zeder's entire shareholding in Overberg Agri of approximately 10%, to Overberg Agri Beleggings (Pty) Ltd., a wholly owned subsidiary of Overberg Agri ("Disposal").



Rationale for disposal

Zeder is an investor in the broad agribusiness industry with a specific focus on the food and beverage sectors. Over the past 18 months, Zeder has communicated a refined strategy to the market. It seeks larger, strategic stakes in entities that allow it to play a more active role in its underlying portfolio companies and assist with the determination of appropriate long-term strategies to help expand the respective businesses. While the investment in Overberg Agri was successful, the small percentage shareholding no longer fitted in with Zeder's strategy. Zeder's internal rate of return on this investment was in excess of 30%.



Salient details of the disposal

In terms of the Disposal, Zeder disposed of its 812 856 ordinary shares in Overberg Agri for a consideration of R119.5 million, which consideration was settled through the transfer of approximately 1.35 million ordinary shares in Pioneer Food Group Ltd. to Zeder. The effective date of the Disposal was 6 February 2014.
13-Dec-2013
(Official Notice)
Shareholders are referred to the company's financial interim results for the six months period ended 31 August 2013, released on SENS on 7 October 2013 (the Announcement) and are hereby advised that there have been several acquisitions and/or disposals within Zeder's investment portfolio subsequent to the Announcement, which has an impact on Zeder's sum-of-the-parts (SOTP) value per share and Zeder?s see-through SOTP value per share disclosed in the Announcement. The acquisitions and/or disposals referred to above include, inter alia, the disposal of 21 350 963 shares in Capevin Holdings Ltd for R158 million and the finalisation of the Suidwes Investments Ltd and NWK Limited disposals as detailed in the Announcement, none of which were reportable in terms of the JSE Listing requirements.



Zeder has received several requests for more detail in this regard. In order to be transparent, Zeder has decided to provide the updated SOTP value per share and see-through SOTP value per share and make same available on its website. Please visit www.zeder.co.za should you wish to view same. At the close of business on Tuesday, 10 December 2013, Zeder?s SOTP and see-through SOTP value per share were R4.72 and R5.27 respectively, and Zeder?s cash available for further investment amounted to R486 million.
14-Nov-2013
(Official Notice)
Shareholders are referred to Zeder's announcement dated 4 December 2012 ("the Announcement") regarding the acquisition by Zeder, through a nominated subsidiary ("the Acquiror"), of a shareholding in Klein Karoo Saad Bemarking. Shareholders are advised that the condition precedent to the Option (as defined in the Announcement) has been fulfilled (the deadline for fulfilment thereof having been previously extended by agreement between the parties).



Following the fulfilment of the condition precedent, the Acquiror has on 14 November 2013, exercised the Option. Accordingly, the Acquiror's acquisition of the remaining 51% shareholding in Klein Karoo Saad Bemarking, not already held by the Acquiror, will proceed. Implementation thereof will occur during the course of November 2013, materially on the terms contained in the Announcement.
13-Nov-2013
(Official Notice)
11-Nov-2013
(Official Notice)
Shareholders are hereby advised that Lambert Retief, currently an independent non-executive director of the Company, has been appointed as the lead independent director of Zeder with immediate effect.
08-Oct-2013
(Official Notice)
Shareholders were advised that Mr Andr? Hanekom has been appointed as a non-executive director of Zeder with immediate effect.
07-Oct-2013
(C)
Revenue amounted to R1.8 billion (R79.3 million). Total income rose to R127.9 million (R71.9 million).Net attributable profit decreased to R104.1 million (R107.9 million). However, headline earnings per share grew to 7.4cps (5.9cps).



Dividend

It is Zeders policy to only declare a final dividend at year-end.



Prospects

Zeder continue to believe that the agribusiness, food and beverage sectors offer rewarding investment opportunities, both locally and abroad. It is for this reason that we are passionate about investment opportunities in Africa and beyond.



02-Oct-2013
(Official Notice)
Zeder, an investment holding company, continues to use the sum-of-the-parts ("SOTP') value and recurring headline earnings per share benchmarks to provide management and investors with a more realistic and transparent way of evaluating Zeder's performance.



Zeder?s SOTP value is calculated using the quoted market prices for all JSE-listed and over-the-counter ("OTC") traded investments, and market related valuations for unquoted, unlisted investments. Zeder's see-through SOTP value, however, is calculated on the exact same basis apart from using the see-through JSE-listed market price for Agri Voedsel's investment in Pioneer Foods instead of Agri Voedsel's own OTC share price. Zeder's recurring headline earnings is the sum of its effective interest in that of each of its underlying investments. The result is that investments in which Zeder holds less than 20% and are generally not equity accountable in terms of accounting standards, are included in the calculation of consolidated recurring headline earnings.



Trading statement

Zeder advised that a reasonable degree of certainty exists that:

*Its SOTP value per share as at 31 August 2013 will be between R4.20 and R4.40 per share, or between 5.3% and 10.3% higher than that as at 28 February 2013;

*Its see-through SOTP value per share as at 31 August 2013 will be between R4.60 and R4.80 per share, or between 5.7% and 10.3% higher than that as at 28 February 2013; and

*For the six months ended 31 August 2013:

**Recurring headline earnings per share will be between 9.0 cents and 9.4 cents, or between 5.9% and 10.6% higher than that for the six months ended 31 August 2012;

**Headline earnings per share will be between 7.2 cents and 7.6 cents, or between 22.0% and 28.8% higher than that for the six months ended 31 August 2012; and

**Attributable earnings per share will be between 10.4 cents and 10.8 cents, or between 1.8% and 5.5% lower than that for the six months ended 31 August 2012.



The unaudited results for the six months ended 31 August 2013 will be published on or about 7 October 2013.
21-Jun-2013
(Official Notice)
Shareholders are hereby advised that, with the exception of ordinary resolution number 9 relating to the general authority to issue shares for cash, which was withdrawn, the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at Zeder's annual general meeting held today, 21 June 2013. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
20-Jun-2013
(Official Notice)
Shareholders are referred to the company's circular to shareholders dated 20 May 2013 ("the Circular") and to the Company's announcement of the same date ("the Announcement"). Shareholders are advised that, at the general meeting of Zeder shareholders held at 10h00 on Thursday, 20 June 2013, all resolutions, as more fully set out in the notice of general meeting of Zeder shareholders in the Circular, were passed by the requisite majorities of shareholders present and represented by proxy.
20-May-2013
(Official Notice)
Shareholders were advised that Zeder's annual report, containing the audited abridged financial statements for the year ended 28 February 2013, was dispatched to shareholders on 20 May 2013, and contains no modifications to the audited results which were announced on SENS on Monday, 8 April 2013. The annual report is also available at www.zeder.co.za.



Notice of annual general meeting

Notice was given that the Annual General Meeting of Zeder will be held at Spier Wine Estate, Baden Powell Drive, Stellenbosch on Friday, 21 June 2013 at 09h45 to transact the business as set out in the notice of the Annual General Meeting on pages 38 to 48 of the annual report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the Annual General Meeting is Friday, 14 June 2013, with the last day to trade being Friday, 7 June 2013.
20-May-2013
(Official Notice)
22-Apr-2013
(Official Notice)
Shareholders advised that Mr Antonie Egbert Jacobs has been appointed as a non-executive director of Zeder with immediate effect.
17-Apr-2013
(Official Notice)
Shareholders are referred to the cautionary announcement included in the acquisition announcement and are advised that since the pro forma financial effects relating to the acquisition have been disclosed in this announcement, caution is no longer required to be exercised by shareholders when dealing in the company's securities.
17-Apr-2013
(Official Notice)
Shareholders are hereby referred to the announcement released earlier today, 17 April 2013 (the Acquisition Announcement), on SENS relating to the agreement reached by Zeder, acting through its wholly-owned subsidiary, Zeder Financial Services Limited, with Total Produce plc (Total Produce) on 16 April 2013, to acquire the entire shareholding held by Total Produce in Capespan Group Ltd (Capespan) (the Acquisition), resulting in Zeder?s shareholding in Capespan increasing to approximately 71.1% of Capespan's total issued ordinary share capital, net of treasury shares.
17-Apr-2013
(Official Notice)
Shareholders are advised to exercise caution when dealing in the Company's securities until an announcement regarding the pro forma financial effects in relation to the acquisition is made.
17-Apr-2013
(Official Notice)
Shareholders are advised that Zeder, acting through its wholly owned subsidiary, Zeder Financial Services Ltd., has reached agreement with Total Produce plc ("Total Produce") on 16 April 2013 ("the Agreement"), to acquire the entire shareholding held by Total Produce in Capespan Group Ltd. ("Capespan") ("the Acquisition"). Following the aforementioned Acquisition, Zeder will hold 226 806 385 ordinary shares in Capespan, equating to approximately 71.1% of the Capespan's total issued ordinary share capital net of treasury shares.



Details of acquisition - Purchase consideration

The purchase consideration is in the amount of R258 million to be paid in cash by Zeder by Tuesday, 23 April 2013 against delivery of transfer documents.



Effective Date

The effective date of the transfer of the Capespan shares in terms of the Acquisition will be five business days after the date of the Agreement, being Tuesday, 23 April 2013.



Conditions Precedent

The Acquisition is not subject to any conditions precedent.



Pro Forma financial effects

As a result of the simultaneous release of the Acquisition announcement details by Zeder and Total Produce, the pro forma financial effects in relation to the Acquisition is still in the process of being finalised and is expected to be published during the course of today to Zeder shareholders.
08-Apr-2013
(C)
Total income for the year ended 28 February 2013 was lower at R79.8 million (2012: R115.5 million). Results from operating activities soared to R642.6 million (2012: R342.1 million), profit for the year attributable to owners of the parent jumped to R511.7 million (2012: R334.6 million). Furthermore, headline earnings per share dropped to 20.1cps (2012: 30.7cps).



Dividend

On 8 April 2013, the company declared a final dividend of 4cps (2012: 4cps) in respect of the year ended 28 February 2013, which is payable on 6 May 2013. The dividend was calculated in accordance with Zeder's policy of paying 100% of free cash flow as a final ordinary dividend.



Prospects

Zeder believes that its investments are well positioned for further growth.
08-Apr-2013
(Official Notice)
Zeder, an investment holding company, continues to use the sum-of-the-parts (SOTP) value and recurring headline earnings per share benchmarks to provide management and investors with a more realistic and transparent way of evaluating Zeder's performance. Zeder's SOTP value is calculated using the quoted market prices for all JSE-listed and over-the-counter traded investments, and market related valuations for unquoted, unlisted investments. Zeder's recurring headline earnings is the sum of its effective interest in that of each of its underlying investments. The result is that investments in which Zeder holds less than 20% and are generally not equity accountable in terms of accounting standards, are included in the calculation of consolidated recurring headline earnings.



Zeder hereby advises that a reasonable degree of certainty exists that:

1. Its SOTP value per share as at 28 February 2013 will be between R3.90 and R4.00 per share, or between 23.8% and 27% higher than that as at 29 February 2012; and



2. For the year ended 28 February 2013:

*Recurring headline earnings per share will be between 25 cents and 26 cents, or between 6.8% and 10.4% lower than that for the year ended 29 February 2012;

*Headline earnings per share will be between 19.5 cents and 20.5 cents, or between 33.2% and 36.5% lower than that for the year ended 29 February 2012; and

*Attributable earnings per share will be between 52 cents and 53 cents, or between 52% and 55% higher than that for the year ended 29 February 2012.



The decrease in recurring headline earnings per share was mainly due to the initial losses incurred by Chayton, a start-up business in its development phase, and the funding cost in respect of the debt raised to fund the acquisition of this investment. In addition to the negative contribution from Chayton, Zeder, inter alia, achieved lower marked-to-market profits on, and received lower dividends from, equity securities than in the prior year which resulted in the aforementioned decrease in headline earnings per share. The increase in attributable earnings per share was mainly as a result of the non-headline profit made on the disposal of a 15.1% interest in Capevin Holdings. This financial information has not been reviewed or reported on by the auditor of Zeder. The audited results for the year ended will be published on or about 8 April 2013.
15-Feb-2013
(Official Notice)
Shareholders were advised that Zeder, acting through its wholly owned subsidiary, Zeder Financial Services Ltd., has disposed of a total of 133 300 000 ordinary listed shares which it held in Capevin Holdings Ltd. ("the Capevin Shares"). Following the aforementioned disposal ("the Disposal"), Zeder has retained 46 466 692 shares in Capevin Holdings Ltd. ("Capevin"), equating to approximately 5.3% of the total issued ordinary share capital of Capevin.



Rationale

Zeder is an investment holding company that mainly invests in food, beverage and agricultural companies, where Zeder can directly or indirectly add value. Given the foregoing and that Zeder cannot add meaningful value at a Distell level, Zeder has decided to dispose of part of its investment and to utilise the proceeds in existing and/or new companies where Zeder can play a more meaningful role instead.



Details of disposal

The Capevin Shares were placed by PSG Capital in a bookbuild exercise with Allan Gray and Coronation Fund Managers in the following proportions:

* 39 150 000 of the Capevin Shares were placed with Allan Gray;

* 94 150 000 of the Capevin Shares were placed with Coronation Fund Managers, (collectively "the Purchasers").



Disposal consideration

The disposal consideration was in the amount of R6.00 per Capevin Share, equating to a total disposal consideration of R799.8 million, and was paid in cash by the Purchasers.



Effective date

The effective date of the Disposal was 15 February 2013.



Pro forma financial effects of the disposal

Set out below are the unaudited pro forma financial effects of the Disposal, based on Zeder's unaudited results for the six month period ended 31 August 2012. Before - after:

* Attributable earnings per share: 11 - 36.9

* Headline earnings per share: 5.9 - 12.6

* Recurring headline earnings per share: 8.5 - 8.3

* Net asset value per share: 293.5 - 320.2

* Tangible net asset value per share: 283.3 - 310.
04-Dec-2012
(Official Notice)
01-Oct-2012
(C)
Revenue amounted to R79.3 million. Total income more than tripled to R71.9 million (R21.7 million). Results of operating activities improved to R129.2 million (R88.5 million). Net attributable profit rose to R107.9 million (R84.2 million). However, headline earnings on a per share basis fell to 5.9cps (8.8cps).



Outlook

Zeder continues to believe that the agribusiness, food and beverage sectors offer rewarding investment opportunities, both locally and abroad. It is for this reason that we are passionate about investment opportunities in Africa and beyond.
28-Sep-2012
(Official Notice)
Zeder continues to use the sum-of-the- parts ("SOTP") value and recurring headline earnings methods to provide management and investors with a more realistic and transparent way of evaluating Zeder's performance. Zeder's SOTP value is calculated using the quoted market prices for all listed and over-the-counter ("OTC") traded unlisted investments, and market related valuations for unquoted, unlisted investments. Zeder's recurring headline earnings is the sum of its effective interest in that of each of its underlying investments. The result is that investments in which Zeder holds less than 20% and are generally not equity accountable in terms of accounting standards, are included in the calculation of consolidated recurring headline earnings.



Zeder advises that a reasonable degree of certainty exists that:

* Its SOTP value per share will be between R3.25 and R3.35 per share, or between 3.2% and 6.3% higher than that as at 29 February 2012; and



For the six month period ended 31 August 2012:

* Recurring headline earnings per share will be between 8 cents and 9 cents, or between 31.3% and 38.9% lower than that for the six months ended 31 August 2011;

* Headline earnings per share will be between 5.5 cents and 6.5 cents, or between 26.1% and 37.5% lower than that for the six months ended 31 August 2011; and

* Attributable earnings per share will be between 10.5 cents and 11.5 cents, or between 22.1% and 33.7% higher than that for the six months ended 31 August 2011.



The unaudited results for the six months ended 31 August 2012 will be published on or about 1 October 2012.
23-Jul-2012
(Official Notice)
Shareholders are referred to the announcement dated 29 March 2012 in terms of which Mr Piet Mouton was appointed as the acting chief executive officer of Zeder. Following the aforementioned announcement shareholders are hereby advised that Mr Norman Celliers has been appointed as an executive director of Zeder and that he will fulfil the role of chief executive officer with effect from 23 July 2012.
22-Jun-2012
(Official Notice)
Shareholders were advised that, with the exception of ordinary resolution number 10 relating to the general authority to issue shares for cash, which was withdrawn, the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at Zeder's annual general meeting held today, 22 June 2012. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course.
24-May-2012
(Official Notice)
Zeder shareholders are advised that the company's 2012 annual report, containing the audited annual financial statements for the year ended 29 February 2012, was dispatched to shareholders on Wednesday, 23 May 2012, and contains no modifications to the audited results which were announced on SENS on Tuesday, 10 April 2012. The annual report has also been made available at www.zeder.co.za.



Notice of AGM

Notice is given that the annual general meeting of Zeder will be held at Webersburg, Webersburg Wines, Annandale Road, Stellenbosch on Friday, 22 June 2012, at 09h45 to transact the business as set out in the notice of the Annual General Meeting which forms part of the 2012 annual report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting will be Friday, 15 June 2012, with the last day to trade being Friday, 08 June 2012.
10-Apr-2012
(C)
Investment income for the year ended 29 February 2012 soared to R63.7 million (2010: R22.8 million). Operating activities climbed to R342.1 million (2010: R283.3 million), while profit for the year increased to R334.6 million (2010: R259.1 million). Furthermore, headline earnings per share jumped to 30.7cps (2010: 18.9cps).



Dividend

A final ordinary dividend of 4cps (2011: 4cps), in respect of the financial year ended 29 February 2012, was declared on 7 March 2012 and paid on 2 April 2012. The dividend was calculated in accordance with Zeder's policy of paying 100% of free cash flow as a final ordinary dividend.



Prospects

Zeder has historically only taken non-controlling strategic stakes in businesses in its chosen sector. The acquisition of controlling interests in both Agricol and Chayton will allow Zeder to play a more active role in determining strategy and to help expand the respective businesses. Zeder is positive about the role that Africa, with its vast agricultural resources, could play in addressing the growing global demand for food.
29-Mar-2012
(Official Notice)
Shareholders were referred to the cautionary announcement dated 25 January 2012, as well as the renewal of the announcement on 7 March 2012, and are hereby advised that the cautionary announcement is withdrawn. Accordingly caution is no longer required to be exercised by shareholders when dealing in the shares of Zeder.
29-Mar-2012
(Official Notice)
29-Mar-2012
(Official Notice)
Shareholders were referred to the SENS announcement made on 1 December 2011 ("the announcement"), advising shareholders that Zeder had entered into an agreement with Agricol Holdings Ltd. ("Agricol") in terms of which Zeder would increase its interest in Agricol from 25.1% to 91% for a purchase consideration of R130.7 million.



The announcement indicated that a similar offer would be extended to the remaining 9% minority shareholders in Agricol. Shareholders are advised that such an offer for the remaining 9% shareholding in Agricol was subsequently made and has been accepted by all minority shareholders.



Shareholders are advised that the Agricol transaction was formally approved by the Competition Tribunal on Wednesday, 28 March 2012. All conditions precedent to the Agricol transaction have been fulfilled and the Agricol transaction will now be implemented in accordance with its terms.



Following implementation of the Agricol Transaction, Zeder, through its wholly-owned subsidiary Zeder Financial Services Ltd., will be the sole shareholder of Agricol. As a result of Zeder also acquiring the remaining 9% minority shareholding interest in Agricol, the purchase consideration has increased above R130.7 million. The total increased consideration of R150.4 million will be paid in cash on implementation of the Agricol transaction.



Changes to the board

Zeder views its acquisition of Agricol as an important phase in its investment strategy and plans to use this vehicle to drive a South African and an African expansion in the seed business. Given the importance of the aforesaid, Zeder will appoint its CEO, Antonie Jacobs, as the executive chairman of Agricol with effect from 1 May 2012. As a result of Mr Jacobs' new responsibilities, he will resign as Zeder's CEO with effect from 30 April 2012.



Following Mr Jacobs' resignation on 30 April 2012 and until such time as Zeder appoints a successor to Mr Jacobs, Mr Piet Mouton, the CEO of PSG Group Ltd., will assume the duties of acting CEO of Zeder. Shareholders are further advised that Mr Mouton has been appointed as director to the board of Zeder with effect from 28 March 2012. A further announcement regarding the appointment of a successor CEO will follow in due course.
08-Mar-2012
(Official Notice)
Zeder's policy remains to pay up to 100% of free cash flow as a final ordinary dividend. The directors have consequently resolved to declare a final dividend of 4 cents (2011: 4 cents) per share in respect of the financial year ended 29 February 2012.



The final dividend has been determined based on the company's estimated free cash flow of R39 million as per the unaudited management accounts of the company for the financial year ended 29 February 2012, and has not been reviewed or reported on by the auditors of the company. The amount of the final dividend compared to that of the prior year should not be construed as being indicative of the consolidated attributable and headline earnings of Zeder for the financial year ended 29 February 2012.



Only once a reasonable degree of certainty exists regarding the consolidated attributable and headline earnings of Zeder for the financial year ended 29 February 2012, will consideration be given to whether a trading statement needs to be published or not. The results for the financial year ended 29 February 2012 are expected to be released on or about 10 April 2012. The following are the salient dates for the payment of the final dividend:

* Last day to trade cum-dividend: Friday, 23 March 2012

* Trading ex-dividend commences: Monday, 26 March 2012

* Record date: Friday, 30 March 2012

* Payment date: Monday, 2 April 2012



Share certificates may not be dematerialised or rematerialised between Monday, 26 March 2012 and Friday, 30 March 2012, both days included.
07-Mar-2012
(Official Notice)
Shareholders are referred to the previous cautionary announcement dated 25 January 2012 and are advised that the negotiations referred to therein remain ongoing and, if successfully concluded, may have a material effect on the price at which the company's securities trade on the JSE Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
01-Dec-2011
(Official Notice)
Zeder shareholders are hereby advised that Zeder has entered into an agreement ("the agreement") with Agricol and its existing majority shareholder, Agrico Machinery (Pty) Ltd, whereby Zeder will effectively increase its interest in Agricol from the current 25,1% to 91% ("the transaction"). In terms of the agreement, an offer on similar terms will be extended to Agricol's other 9% minority shareholders with a view to Zeder acquiring their shareholding in Agricol. The agreement was entered into on Tuesday, 29 November 2011, and the effective date, which is subject to the conditions precedent below, is expected to be on or about 29 February 2012.



Background information

Agricol is a seed distribution company with a national presence through an extended network of branches and agents throughout South Africa. Agricol's activities include plant breeding, production, international trade, processing and distribution of seed.



Zeder's rational for the transaction

Zeder has been an investor in Agricol for a number of years and remains optimistic over its activities and the industry in which it operates.



Consideration

The consideration payable by Zeder in terms of the transaction amounts to R130,7 million. The consideration will be paid in cash following fulfilment of all conditions precedent.



Conditions precedent, material terms

The transaction is subject to the relevant board approval, Agricol shareholder approval and the approval of the competition authorities being obtained. In terms of the agreement, Agrico Machinery (Pty) Ltd has provided certain warranties/undertakings to Zeder inter alia in respect of the business of Agricol.



Classification of the transaction

The transaction constitutes a category 2 transaction in terms of the Listings Requirements of the JSE Ltd.

03-Oct-2011
(C)
Total income increased to R21.7 million (R17.7 million). Net attributable profit for the period declined to R84.2 million (R96.5 million). In addition, headline earnings on a per share basis dropped slightly to 8.8cps (9.3cps).



Outlook

Zeder continues to believe that the agriculture, food and beverage sectors offer rewarding long-term investment opportunities.
12-Sep-2011
(Official Notice)
Shareholders were referred to the Zeder cash offer to all Capespan shareholders to acquire all Capespan ordinary shares not already held by Zeder for an offer consideration of 225 cents for each Capespan share disposed of in terms of the offer ("the cash offer") the details of which were announced on SENS on Tuesday, 14 June 2011, contained in the offer circular posted to all Capespan shareholders on Tuesday, 12 July 2011 and amended as announced on SENS on Wednesday, 24 August 2011. In addition during the cash offer period, Zeder advised Capespan shareholders that it would continue to acquire Capespan shares in the market at 225 cents per Capespan share until such time as Zeder increased its shareholding in Capespan to 49% or the Cash Offer closed ("market purchases").



The aforementioned cash offer closed at 12h00 on Friday, 9 September 2011 and shareholders are hereby advised that in terms of the cash offer, Zeder received acceptances from Capespan shareholders holding 2 880 679 Capespan ordinary shares, constituting approximately 1.0% of the issued ordinary shares in Capespan.



Shareholders are therefore further advised that Zeder has acquired an additional 34 231 353 ordinary shares, constituting approximately 11.5% of the issued ordinary shares in Capespan through the market purchases. Prior to the cash offer and market purchases, Zeder held, directly and indirectly, approximately 27.7% of the shareholding in Capespan and as a result of the cash offer and market purchases has increased their shareholding in Capespan to approximately 40.2% of the issued ordinary shares in Capespan.
24-Aug-2011
(Official Notice)
07-Jul-2011
(Official Notice)
Zeder, through its wholly owned subsidiary Zeder Financial Services Ltd, has acquired additional Capespan shares in the market as set out in the table below:

*Cents per share -- 225

*Shares aqcuired -- 10 275 573

*Total rand value of shares acquired -- 23 120 039

Zeder, through Zeder Financial Services Ltd, now owns approximately 36.1% of the issued share capital of Capespan, excluding treasury shares.
15-Jun-2011
(Official Notice)
Shareholders were advised that with the exception of ordinary resolution number nine relating to the general authority to issue shares for cash, which was withdrawn, the requisite majority of shareholders approved all of the remaining ordinary and special resolutions tabled at Zeder's annual general meeting held on 15 June 2011.
14-Jun-2011
(Official Notice)
27-May-2011
(Official Notice)
Zeder shareholders are advised that the company`s 2011 annual report, containing the audited annual financial statements for the year ended 28 February 2011, was dispatched to shareholders on Tuesday, 24 May 2011, and contains no modifications to the audited results which were announced on SENS on Monday, 11 April 2011. The annual report has also been made available at www.zeder.co.za.



Notice is hereby given that the Annual General Meeting of Zeder will be held at Webersburg, Webersburg Wines, Annandale Road, Stellenbosch on Wednesday, 15 June 2011 at 09h30 to transact the business as set out in the notice of the Annual General Meeting which was posted separately to shareholders on Friday, 13 May 2011. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the Annual General Meeting will be Friday, 10 June 2011, with the last day to trade being Friday, 3 June 2011.

11-Apr-2011
(C)
Investment income dropped by almost half to R22.8 million (R41.2 million). However, net attributable profit more than doubled to R259.1 million (R123.6 million). In addition, headline earnings on a per share basis was up slightly to 18.9cps (17.3cps).



Dividend

A final ordinary dividend of 4cps has been declared.



Outlook

Zeder remains confident in the continued importance of the agri, food and beverage sectors and will continue investing in such. Current cash of R206 million and funding resources of R250 million provide Zeder with the necessary means to continue acquiring assets at low price-earnings multiples and price-to-book values.
06-Apr-2011
(Official Notice)
Seder continues to use the recurring headline earnings method to provide management and investors with a more realistic and transparent way of evaluating Seder?s earnings performance. Recurring headline earnings represent the sum of Seder?s effective interest in that of each invested, regardless of its percentage shareholding. The result is that investments in which Seder or an invested holds less than 20% and are generally not equity accountable in terms of accounting standards, are included in the calculation of our consolidated recurring headline earnings. Marked-to-market fluctuations are excluded.



Seder hereby advised that a reasonable degree of certainty exists that, for the year ended 28 February 2011:

*Recurring headline earnings per share will be between 26.0 cents and 28.0 cents, or between 10.2% and 18.6% higher than that for the year ended 28 February 2010

*Headline earnings per share will be between 18.0 cents and 20.0 cents, or between 4.0% and 15.6% higher than that for the year ended 28 February 2010

*Attributable earnings per share will be between 25.0 cents and 27.0 cents, or between 78,6% and 92,9% higher than that for the year ended 28 February 2010

*Net asset value per share will be between 257.0 cents and 259.0 cents, or between 10.2% and 11.0% higher than at 28 February 2010.



The significant increase in attributable earnings per share is mainly as a result of a non-headline profit made on the disposal of Seder?s interest in KWV Holdings Ltd, as disclosed to shareholders on 7 February 2011. The audited results for the year ended 28 February 2011 will be published on or about 11 April 2011.
07-Feb-2011
(Official Notice)
Zeder shareholders were advised that the board of directors of Zeder has accepted an offer from HCI for the disposal of 21 788 844 issued ordinary shares of KWV Holdings held by Zeder, constituting 31.8% of the issued ordinary shares of KWV Holdings at the effective date ("the disposal"). Zeder considered the HCI offer and the Zeder board is of the opinion that such a cash offer for its stake in KWV Holdings represents a fair offer and return on investment to Zeder.



Purchase consideration

The purchase consideration payable by HCI to Zeder is R11.80 per KWV Holdings share disposed by Zeder in terms of the disposal transaction. The purchase consideration for the disposal of 21 788 844 issued ordinary shares of KWV Holdings held by Zeder will be settled in cash by HCI.



Effective date

The effective date for the disposal of Zeder's shareholding in KWV Holdings is Monday, 7 February 2011.



Pro forma financial effects

Before - after the disposal:

* Attributable earnings per share (basic and diluted) : 9.9 - 16.6

* Headline earnings per share (basic and diluted) : 9.3 - 8.8

* Recurring headline earnings per share : 12.7 - 12.5

* Net asset value per share : 238.3 - 245.3

* Weighted average number of shares in issue (million) : 978.1 - 978.1.
04 Oct 2010 17:03:49
(C)
Total income more than halved to R17.7 million (R37.7 million) and results from operating activities showed a loss of R8.5 million (profit of R17.4 million) for the six months to 31 August 2010. However, net attributable profit rose to R96.5 million (R79.1 million). Headline earnings per share decreased by 14.7% to 9.3c (10.9cps).



Prospects

Management remains optimistic about the agricultural and related sectors, and will continue to invest in entities trading at attractive values.
18 Jun 2010 15:11:11
(Official Notice)
Shareholders are advised that the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at Zeder's annual general meeting held on Friday, 18 June 2010. The special resolutions will be lodged with the Registrar of Companies for registration in due course.
31 May 2010 19:03:29
(Official Notice)
Shareholders are referred to the announcement published on SENS by Zeder on 7 April 2010 and published in the press jointly by Zeder, Rootstock Capital (Pty) Ltd ("Rootstock") and KWV Holdings Ltd ("KWV Holdings") on 8 April 2010 ("the announcement"), regarding the mandatory offer made by Zeder and Rootstock ("the offeror companies") to the shareholders of KWV Holdings, other than the offeror companies ("the KWV Holdings shareholders"), to acquire all of their ordinary shareholding in KWV Holdings at an offer consideration of R9.60 per ordinary share.



The mandatory offer opened for acceptance at 09:00 on Tuesday, 4 May 2010 ("the opening date") and closed at 12:00 on Friday 28 May 2010 ("the closing date"). Shareholders are advised that the Offeror Companies received acceptances from KWV Holdings shareholders holding 32 080 KWV Holdings shares. The shares acquired in terms of the mandatory offer have, in accordance with the terms of the mandatory offer circular issued on 4 May 2010, been allocated between the Offeror Companies on the basis that Zeder has received 75% and Rootstock has received 25% of such shares.



KWV Holdings shareholders participating in the mandatory offer ("offer participants") whose shares are held by their brokers or Central Security Depositary Participants ("CSDP") as nominees on their behalf have had their accounts with their brokers or CSDP credited with the offer consideration on Monday, 31 May 2010. Offer participants who hold their shares in their own name have, in accordance with their instructions, either had their bank accounts credited with the offer consideration, or a cheque posted to them in this regard on Monday, 31 May 2010.
27 May 2010 15:18:25
(Official Notice)
Zeder shareholders are advised that the company's 2010 annual report, containing the audited annual financial statements for the year ended 28 February 2010, is being dispatched to shareholders today, and contains no modifications to the audited results which were announced on SENS on Monday, 12 April 2010. The annual report will also be available at www.zeder.co.za.



Notice of AGM

Notice is hereby given that the AGM of Zeder will be held at The Venue at Webersburg, Webersburg Wines, Annandale Road, Stellenbosch on Friday, 18 June 2010 at 10h00.
12 Apr 2010 16:56:01
(C)
Total income rose to R57.5 million (R52.8 million). Results from operating activities showed a profit turnaround to R16.7 million (loss of R5.1 million). headline/diluted headline. However, net attributable profit declined to R123.6 million (R168.6 million) and headline earnings on a per share basis fell to 17.3cps (25.2cps).



Dividend

A final ordinary dividend of 4cps has been declared.



Outlook

Zeder will continue to invest in agriculture and related sectors at discounts to net asset value and/or at low earnings multiples.
07 Apr 2010 17:32:23
(Official Notice)
01 Apr 2010 12:11:25
(Official Notice)
In the spirit of consistent clear and unambiguous communication to stakeholders, management introduced the recurring headline earnings concept as the predominant measure of Zeder's financial performance a few years ago. At the time, recurring headline earnings was defined as reportable headline earnings in terms of accounting standards, excluding any marked-to-market movements and one-off items. During the past year we revisited and fine-tuned this methodology by now measuring recurring headline earnings on a see-through basis throughout the group. Zeder's recurring headline earnings is the sum of its effective interest in that of each of its underlying investees, regardless of its percentage shareholding.



The result is that investments in which Zeder holds less than 20% and is not allowed to equity account in terms of accounting standards, are now included in the calculation of our consolidated recurring headline earnings. This provides management and investors with a more realistic and simple way of evaluating Zeder's financial performance. Having applied the aforesaid principles to the prior year figures, Zeder's recurring headline earnings for the year ended 28 February 2009 amounted to 32.2 cents per share as opposed to the 24.4 cents per share previously reported in terms of the old methodology.



Zeder hereby advises that a reasonable degree of certainty exists that, for the year ended 28 February 2010:

*Recurring headline earnings will be between 20.3 cents and 26.7 cents per share or between 17% to 37% lower.

*Headline earnings will be between 14.9 cents and 19.9 cents per share or between 21% to 41% lower.

*Attributable earnings will be between 11.1 cents and 16.6 cents per share or between 40% to 60% lower than that for the year ended 28 February 2009.

This financial information has not been reviewed and reported on by the auditors of Zeder. The results for the year ended 28 February 2010 will be published on 12 April 2010.

22 Feb 2010 13:42:54
(Official Notice)
Shareholders of Capevin Investments Ltd ("Capevin") and Capevin Holdings are referred to the joint announcements published on SENS and in the press on 8 January 2010 and 26 January 2010, regarding the mandatory offers made by Zeder and Remgro Ltd ("Remgro") (or any wholly owned subsidiary of Remgro nominated by it) ("the offeror companies") to the shareholders of Capevin (other than Remgro and its wholly owned subsidiaries) and Capevin Holdings (other than Zeder and Remgro International Holdings (Pty) Ltd), to acquire all of their ordinary shareholding in Capevin and Capevin Holdings ("the mandatory offers"). As set out in the joint announcement of 26 January 2010, the mandatory offers opened for acceptance on Monday, 25 January 2010 at 09:00 and closed on Friday 19 February 2010 at 12:00. Shareholders are reminded that all shares acquired in terms of the mandatory offers were to be allocated between the offeror companies on the following basis:

*all shares were to be acquired by Remgro (or any wholly owned subsidiary of Remgro nominated by it) until such time as the effective shareholding of Remgro (and its wholly owned subsidiaries) in Capevin Investments equaled that of Zeder on a "see-through" basis; and

*if and when Remgro achieved the level of effective shareholding in Capevin as described above, any remaining shares acquired in terms of the mandatory offers would be acquired in equal proportions by Remgro and Zeder.



Shareholders are advised that sufficient acceptances were not received in terms of the mandatory offers to enable Remgro to achieve the level of effective shareholding in Capevin referred to above and, as a result, all shares surrendered in terms of the mandatory offers. Shareholders are referred to the joint announcement of 26 January 2010, which sets out the manner of, and period within which, settlement of the offer consideration must be made.
08 Jan 2010 08:17:51
(Official Notice)
06 Oct 2009 09:21:23
(Official Notice)
On 31 August 2009 the Zeder value per share calculated on the basis of the unlisted market prices of the investments was R1.91. The investments in the table above are disclosed as per directors' discretion, which include all of the equity accounted investments and other unlisted investments with market values exceeding R25 million. Zeder's investment portfolio is published on SENS on a biannual basis in conjunction with either its interim or year-end results announcement. Zeder results for the 6 months ended 31 August 2009 was published on SENS on 5 October 2009. The next investment portfolio update will be published on SENS during April 2010.
05 Oct 2009 17:06:22
(C)
Zeder's investment portfolio increased by 9% to R1.85 billion, with its investments in Kaap Agri and Capevin Holdings currently representing approximately 75% of its portfolio. Zeder's net asset value per share was R2.30 as at 31 August 2009. Recurring headline earnings increased by 17.1% to R74.8 million.



Dividends

It is Zeder's policy to only declare a final dividend at year-end.



Prospects

Management remain bullish about the agricultural and related sectors. Zeder therefore continues to acquire related assets at a discount to its intrinsic value and, in so doing, should grow Zeder's recurring headline earnings and intrinsic value.
29 Sep 2009 18:09:13
(Official Notice)
Zeder hereby advises that a reasonable degree of certainty exists that, for the six months ended 31 August 2009, headline earnings per share will be between 10.5 cents and 11.5 cps, or between 16.1% and 23.4% lower than that for the six months ended 31 August 2008. Earnings per share for the six months ended 31 August 2009 will be between 9.5 cents and 10.5 cps, or between 31.8% and 38.3% lower than that for the six months ended 31 August 2008.



The decrease in earnings and headline earnings per share is mainly due to the following: An increased number of Zeder shares in issue following the rights offer concluded in June 2009. A significantly lower profit contribution from KWV's own operational business compared to the prior year. The results for the six months ended 31 August 2009 are expected to be published on or about 5 October 2009.
02 Sep 2009 11:15:27
(Official Notice)
Mr. George Eksteen has been appointed to the board, as an independent non-executive director with immediate effect.
31 Aug 2009 09:38:05
(Official Notice)
With reference to the press announcements of which the last was dated 11 August 2009, as well as the circular sent to Kaap Agri Ltd shareholders dated 20 July 2009, a mandatory offer, as required in terms of the Securities Regulation Panel's rules and regulations was made by Zeder to acquire Kaap Agri ordinary shares from shareholders. Through the offer, regulatory requirements have been met, and Zeder increased its shareholding, held directly and indirectly, from 34.9% to 36.2% in the issued share capital of Kaap Agri.
23 Jun 2009 12:33:23
(Official Notice)
Notwithstanding the fact that the rights offer was concluded on Monday, 8 June 2009, Zeder undertook to the JSE to make certain disclosure regarding those profits attributable to its investment in Kaap Agri Ltd, due to the fact that such information was not public at the time of finalising the rights offer circular (dated 18 May 2009) and accordingly was not included in the annexure regarding Zeder's historical financial information. Accordingly, shareholders are advised Zeder's share of profits attributable to its investment in Kaap Agri Ltd for the financial year ended 28 February 2009, after amortisation of intangible assets, amounts to R94.9 million.
19 Jun 2009 16:05:06
(Official Notice)
Shareholders are advised that the requisite majority of shareholders unanimously approved all of the ordinary and special resolutions tabled at Zeder's annual general meeting held today, Friday, 19 June 2009. The special resolutions will be lodged with the Registrar of Companies for registration in due course.
11 Jun 2009 17:35:50
(Official Notice)
With effect from 1 July 2009, Computershare Investor Services (Pty) Ltd will replace Link Market Services South Africa (Pty) Ltd as transfer secretary to the companies.
08 Jun 2009 15:39:26
(Official Notice)
Zeder shareholders are advised that the results of the rights offer, which closed at 12:00 on Friday, 5 June 2009, are as follows:



Total number of rights offer shares available for subscription - 366 783 194-100.00%

Rights offer shares subscribed for by Zeder shareholders - 360 366 425- 98.25%

Underwritten rights offer shares to be issued to the underwriter - 6 416 769 - 1.75%

Excess applications made by Zeder shareholders - 154 002 481- 41.99%



As stated in the rights offer circular of 18 May 2009, the underwritten rights offer shares take precedence over excess applications made by Zeder shareholders. None of the excess applications as indicated in the table above will be allocated. The rights offer has been oversubscribed in excess of 40%.
27 May 2009 10:52:10
(Official Notice)
Zeder shareholders are advised that the company's 2009 annual report, containing the audited annual financial statements for the year ended 28 February 2009, has being dispatched to shareholders, and contains no modifications to the audited results which were announced on SENS on Monday, 6 April 2009. The annual report will be available on the Zeder website at www.zeder.co.za.



Notice of annual general meeting

The AGM will be held at Webersburg Wine Estate, Annandale Road, Stellenbosch on Friday, 19 June 2009 at 11h30 to transact the business as set out in the notice of the AGM.
21 May 2009 16:35:43
(Official Notice)
Zeder is pleased to announce the appointment of Wynand Greeff as financial director with effect from 21 May 2009.
29 Apr 2009 17:34:59
(Official Notice)
Shareholders are referred to the SENS announcements of 26 March 2009 and 21 April 2009 in terms of which it was announced that the board of directors of Zeder ("the board") had resolved to proceed with a renounceable rights offer of approximately R500 million ("the rights offer").



Final terms of the rights offer

The board announced that the terms and conditions relating to the rights offer have been finalised, namely:

*Total amount sought to be raised in terms of the rights offer -- R495 157 312

*Total number of rights offer shares to be issued -- 366 783 194 ordinary shares with a par value of 1 cent each in the issued ordinary share capital of the company

*Ratio of entitlement -- 60 rights offer shares for every 100 ordinary shares held by a qualifying shareholder on the record date below

*Rights offer issue -- 135 cents per rights offer price share



Salient dates and times

*Listing of and trading in the letters of allocation on the JSE commences at 09:00 on Monday, 11 May 2009

*Zeder ordinary shares commence trading ex- rights on the JSE at 09:00 on Monday, 11 May 2009

*Record date for the rights offer -- Friday, 15 May 2009

*Rights offer circular and form of instruction posted to shareholders on Monday, 18 May 2009

*Rights offer opens at 09:00 on Monday, 18 May 2009

*Last day for trading letters of allocation on the JSE -- Friday, 29 May 2009

*Listing of rights offer shares and trading therein on the JSE commences -- Monday, 1 June 2009

*Rights offer closes at 12:00 on Friday, 5 June 2009

*Rights offer shares issued and posted to shareholders in certificated form on or about Monday, 8 June 2009

*Results of rights offer announced on SENS-- Monday, 8 June 2009



Withdrawal of cautionary announcement

The cautionary announcement of 26 March 2009 is accordingly withdrawn and shareholders are advised that they no longer need exercise caution when trading their share in the company.
21 Apr 2009 12:40:15
(Official Notice)
Shareholders are referred to the SENS announcement of 26 March 2009 in terms of which it was announced that the board of directors of Zeder had resolved to proceed with a renounceable rights offer of approximately R500 million. Shareholders should note that although the board's position has not changed, and the rights offer will proceed, the salient dates and times as previously announced have been amended. Shareholders will be advised as to such revised salient dates and times as soon as possible.
15 Apr 2009 12:41:22
(Official Notice)
Shareholders are advised that at the general meeting held today, Wednesday, 15 April 2009 to consider, and, if deem fit, pass, with or without modification, certain ordinary resolutions required inter alia for the implementation of the proposed rights offer as announced on SENS on Thursday, 26 March 2009, all of the ordinary resolutions as tabled were passed by the requisite majority of votes of shareholders. Shareholders should however note that Ordinary Resolution Number 2 regarding the amendments to the management agreement was withdrawn. The company is now in a position to proceed with the proposed rights offer, subject to the Registrar of Companies registering the requisite rights offer circular. A final announcement confirming the salient dates and times, setting out the pro forma financial effects of the proposed rights offer and stating that all outstanding conditions precedent have been fulfilled, will be made in due course.
09 Apr 2009 08:25:54
(Media Comment)
Zeder investments, which mostly makes investments in unlisted agricultural, food, beverage and food processing companies, aims to raise R500 million on the market. The company said it aimed to raise the cash to enhance investments and take advantage of other opportunities. Zeder has investments in 11 agricultural companies including Kaap Agri, KWV, Cape-span group, Suidwes Investments and MGK Business Investments. Five of it's investments are equity accounted as it owns more than 20%.
06 Apr 2009 17:18:47
(C)
Total income declined to R52.8 million (R203 million). Net income of the group attributable to ordinary shareholders decreased to R168.6 million (R207.6 million). In addition, headline earnings per share fell to 25.2cps (35.4cps).



Dividend

A final ordinary dividend of 7cps has been declared.



Prospects

The company continues to acquire quality assets in the agricultural and related sectors at a discount to their intrinsic value and, in so doing, will grow Zeder's recurring headline earnings and intrinsic value.
03 Apr 2009 17:38:56
(Official Notice)
Zeder hereby advises that, for the year ended 28 February 2009, headline earnings per share will be between 25.0 cents and 25.4 cps, or between 28.3% to 29.4% lower than that for the year ended 29 February 2008. Earnings per share for the year ended 28 February 2009 will be between 27.5 cents and 27.9 cps, or between 21.6% and 22.8% lower than that for the year ended 29 February 2008. The decrease in earnings and headline earnings per share is due to the decrease in the marked-to-market profits for the year ended 28 February 2009 in comparison to the year ended 29 February 2008.

The results for the year ended 28 February 2009 are expected to be published on or about 6 April 2009.
26 Mar 2009 18:04:50
(Official Notice)
The board of directors of Zeder has resolved to proceed with a renounceable rights offer in terms of which it is intended that the company raises approximately R500 million from its shareholders, subject to the requisite majority of Zeder shareholders approving those ordinary resolutions in general meeting and any other conditions which the board in its discretion may impose. In terms of the proposed rights offer, it is anticipated that approximately 370 000 000 ordinary shares with a par value of 1c each will be offered for subscription to those Zeder shareholders registered as such at the close of business on Friday, 8 May 2009 on the basis of 60 rights offer shares for every 100 shares held on the record date at an issue price of 135c per rights offer share (or such other price and basis as the board may determine appropriate). The proposed rights offer is not subject to any minimum subscription amount being raised, nor will it be underwritten. The salient dates and time relating to the proposed rights offer :

* Declaration data released on SENS -- Thursday, 26 March 2009

* Finalisation data released on SENS -- Tuesday, 21 April 2009

* Last day to trade in Zeder ordinary shares in order to participate in the rights offer (cum entitlement) -- Thursday,30 April 2009

* Record date for the rights offer -- Friday, 8 May 2009

* Listing of rights offer shares and trading therein on the JSE commences -- Monday, 25 May 2009

* Results of rights offer announced on SENS -- Monday, 1 June 2009

Zeder shareholders are referred to the cautionary announcement of 9 March 2009. The proposed rights offer may have a material effect on the price of Zeder shares. Shareholders are accordingly advised to continue to exercise caution when dealing in their Zeder shares until the further announcement of the proposed rights offer is made.
09 Mar 2009 09:58:35
(Official Notice)
Shareholders are herby advised that Zeder has made an voluntary offer to shareholders of KWV Ltd to acquire approximately 9% of the issued share capital of KWV. The maximum impact of the offer may exceed 10% of the market capitalisation of Zeder, the extend of the transaction is however currently uncertain as Zeder cannot reasonably determine the number of shareholders that will accept the offer. Shareholders are hereby advised to exercise caution when dealing in the company's securities until a further announcement is made.
06 Oct 2008 17:23:25
(C)
Total income declined dramatically to R39 million (R192 million). Net profit attributable to ordinary shareholders decreased to R93.6 million (R162.2 million) and headline earnings per share more than halved to 13.7cps (28.4cps).



Dividend

No dividend has been declared.



Prospects

Zeder continues to acquire quality assets in the agricultural and related sectors at a discount to its intrinsic value and, in so doing, will grow Zeder's recurring headline earnings and intrinsic value.
22 Sep 2008 17:04:39
(Official Notice)
Zeder advised that a reasonable degree of certainty exists that, for the six months ended 31 August 2008, headline earnings per share will be between 13.4 cents and 13.9 cents per share, or between 51% to 53% lower than that for the six months ended 31 August 2007. The decrease in headline earnings is due to the decrease in the marked-to-market profits for the 6 months ended 31 August 2008 in comparison to the 6 months ended 31 August 2007. The attributable earnings per share figure can not be calculated with a reasonable degree of certainty at this point and an indication of what the attributable earnings per share would be is therefore not provided. Zeder's investment portfolio will in future be published on SENS in conjunction with its bi-annual results announcement. The results for the six months ended 31 August 2008 are expected to be published on or about 6 October 2008.
20 Jun 2008 15:49:14
(Official Notice)
Shareholders are advised that the requisite majority of shareholders approved all ordinary and special resolutions proposed at the annual general meeting held on 20 June 2008. Shareholders are to note that ordinary resolution number 4.1 was modified to limit the ordinary shares placed under the control of the directors to 5% of the unissued shares of the company and ordinary resolution number 4.2 was modified to limit the aggregate number of ordinary shares the directors are authorised to allot and issue for cash to 5% of the unissued shares of the company. The special resolutions will be lodged with the Registrar of Companies for registration in due course.
29 May 2008 14:16:19
(Official Notice)
Zeder shareholders are advised that the company's 2008 annual report, containing the audited annual financial statements for the year ended 29 February 2008, has being dispatched to shareholders, and contains no modifications to the audited results which were announced on SENS on 9 April 2008. The annual report will be available on the Zeder website at www.zeder.co.za.



Notice was also given that the AGM will be held at the Lanzerac Hotel, Lanzerac Road, Jonkershoek, Stellenbosch, on Friday 20 June 2008 at 11h30 to transact the business set out in the notice of the AGM.
09 Apr 2008 18:00:01
(C)
Total income increased to R203 million (R167.9 million). However, net income from operating activities declined to 156.7cps (160.4cps). Profit attributable to equity holders of the company rose to R207.5 million (R136.5 million). Zeder's investment portfolio increased by 76% to R1 366.5 million from R776.3 million as at 28 February 2007. In addition, headline earnings on a per share basis grew to 35.4cps (27.8cps).



Dividend

A final ordinary dividend of 5cps has been declared.



Prospects

It is Zeder's aim to equity account all its investments. Zeder is constantly investigating opportunities in the agricultural and related sectors where there are still opportunities for value investments. Zeder's profits for the year ended 29 February 2008 include R154.8 million (R137.1 million) marked-to-market profits emanating from its underlying investments. Marked-to-market profits do not necessarily represent recurring income due to the fluctuations in market prices. The effect of Zeder's objective to equity account all its investments should eliminate the volatility in its earnings which may result in lower but less volatile profits in future.
01 Apr 2008 16:07:06
(Official Notice)
Zeder provided a forecast for the 12 months ended 29 February 2008 in its Pre-listing Statement. Zeder hereby advises that a reasonable degree of certainty exists that the earnings and headline earnings per share for the year ended 29 February 2008 will exceed the forecasted earnings and headline earnings per share for the year ended 29 February 2008 by between 64% and 69%. The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The financial results for the year ended 29 February 2008 will be published on or about 10 April 2008.
03-Jul-2018
(X)
Zeder invests in the agribusiness industry. Agribusiness is a broad descriptive term referring to a range of activities and processes involved in modern food and raw material production. It encompasses all the procedural and practical services and products associated with the word agriculture: farming of every sort, machinery, distribution, processing, marketing, financing and so on. The success of this industry is key to the future of the global population which continues to grow and urbanise.


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