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18-Apr-2019
(Official Notice)
The board of directors of the Company advise that on Wednesday, 17 April 2019 Ms Faith Mahloma resigned as an independent non-executive director of the Company and that Ms Rachel Watson was appointed to succeed Ms Mahloma as an independent non-executive director, with effect from the same date. Ms Watson also succeeds Ms Mahloma as a member on the Audit and Risk Committee and Social and Ethics Committee.
29-Mar-2019
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 19 December 2018, as renewed on 4 February 2019 and 18 March 2019 ("18 March Announcement"), advising that the Company's wholly-owned subsidiary, Golden Arrow Bus Services Proprietary Limited ("GABS"), has concluded sale of shares agreements ("Sale Agreements") with Abahlobo Transport Service Proprietary Limited ("Abahlobo") to purchase the shares held by Abahlobo in Sibanye Bus Services Proprietary Limited ("Sibanye") and Table Bay Area Rapid Transport Proprietary Limited ("TBRT"), respectively ("Sale Shares"), constituting approximately 33.3% of Sibanye's issued share capital and approximately 24.97% of TBRT's issued share capital (collectively, the "Abahlobo Transactions").



The 18 March Announcement also indicated that negotiations in respect of the purchase by GABS of the remaining shares in Sibanye and TBRT, respectively, held by another party, were still ongoing. Shareholders are advised that this latter acquisition of the remaining shares in Sibanye and TBRT, will not be proceeding, with no agreements having been concluded in this regard.



Purchase consideration

The aggregate purchase consideration in respect of the Abahlobo Transactions amount to R65 823 132 ("Purchase Consideration"), comprised as follows:

- a purchase consideration of R26 583 332 in respect of the Sibanye Sale Shares; and

- a purchase consideration of R39 239 800 in respect of the TBRT Sale Shares.



GABS shall pay the Purchase Consideration to Abahlobo on the Effective Date.



Conditions precedent

The suspensive conditions applicable to each of the Abahlobo Transaction agreements have been fulfilled and the transaction agreements are therefore unconditional.



Effective date

The Effective Date of both Abahlobo Transactions shall be 1 April 2019 ("Effective Date"). Delivery and payment in respect of the Sale Shares in respect of both Abahlobo Transactions will take place on the Effective Date.



Withdrawal of cautionary

Shareholders are hereby advised that as the particulars of the Abahlobo Transactions have now been announced, caution is no longer required to be exercised by shareholders when dealing in the Company's securities.
18-Mar-2019
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 19 December 2018, as renewed on 4 February 2019, advising that the Company's wholly-owned subsidiary, Golden Arrow Bus Services (Pty) Ltd. ("GABS"), has entered into negotiations to purchase the remaining shares not already held by it, in Sibanye Bus Services (Pty) Ltd. ("Sibanye") and Table Bay Area Rapid Transport (Pty) Ltd. ("TBRT").



Shareholders are advised that GABS has concluded agreements with Abahlobo Transport Service (Pty) Ltd. ("Abahlobo") to purchase the shares held by Abahlobo in Sibanye and TBRT, constituting approximately 33.3% of Sibanye's issued share capital and approximately 24.97% of TBRT's issued share capital ("Abahlobo Transactions"). However, negotiations in respect of the purchase by GABS of the remaining shares in Sibanye and TBRT, respectively, held by another party ("Remaining Transactions"), are still ongoing.



The combined purchase consideration payable by GABS in respect of the Abahlobo Transactions is not categorisable under the JSE Listings Requirements, but should the Remaining Transactions proceed, and the purchase consideration payable in terms thereof be aggregated with the purchase consideration payable in terms of the Abohlobo Transactions, they would likely result in these acquisitions, collectively, qualifying as a category 2 transaction under the JSE Listings Requirements, requiring further details to be announced.



Shareholders are, accordingly, advised to continue to exercise caution when dealing in the Company's securities until a full announcement is made in respect of the above acquisitions.
04-Feb-2019
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 19 December 2018, advising that the Company has entered into negotiations to purchase the remaining shareholdings not already held by its wholly-owned subsidiary, Golden Arrow Bus Services Proprietary Limited, in Sibanye Bus Services Proprietary Limited and Table Bay Area Rapid Transport Proprietary Limited. These negotiations, if successfully concluded, may have a material effect on the price of the Company's securities. As these negotiations are still ongoing, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a full announcement is made.

29-Jan-2019
(Official Notice)
Shareholders are referred to the Company's SENS announcement on 21 December 2018 regarding the disposal of the Company's rights to receive payment of an amount owing to it by Warshay Investments (Pty) Ltd. and an accompanying unconditional guarantee issued by Investec Bank Ltd., for a disposal consideration of R 240 248 107 ("Disposal Consideration").



The announcement indicated that the Company intends to utilise the Disposal Consideration mainly to declare a special dividend to HPLR shareholders.



Accordingly, notice is hereby given that the directors of HPLR have approved and declared a special dividend of 80 cents (gross) per HPLR share from distributable reserves. From an exchange control and JSE perspective this dividend constitutes a "special dividend". SARB approval has been obtained for the declaration of the special dividend.



The salient dates for the payment of the dividend are as follows:

* Announcement date : Tuesday, 29 January 2019

* Last day to trade cum dividend : Tuesday, 12 February 2019

* Trading ex-dividend commences : Wednesday, 13 February 2019

* Record date : Friday, 15 February 2019

* Payment date : Monday, 18 February 2019
21-Dec-2018
(Official Notice)
19-Dec-2018
(Official Notice)
Shareholders are advised that the Company is in negotiations to purchase the remaining shareholdings not already held by its wholly-owned subsidiary, Golden Arrow Bus Services (Pty) Ltd. ("GABS"), in Sibanye Bus Services (Pty) Ltd. ("Sibanye") and Table Bay Area Rapid Transport (Pty) Ltd. ("TBRT"), with a view to expanding HPLR?s interest in its bus and transport operations in the Western Cape. GABS currently holds one third of the issued shares of Sibanye and 50.06% of the issued shares in TBRT.



GABS has approached the remaining shareholders of Sibanye and TBRT in this regard. While the purchase considerations to acquire the various shareholdings in Sibanye and TBRT are still to be finally agreed, HPLR anticipates that, should all acquisitions proceed and such purchase amounts be aggregated, they would result in these acquisitions, between them, qualifying as a category 2 transaction by the Company under the JSE Listings Requirements.



While negotiations are still at an early stage and the acquisition of some or all of these shareholdings may not proceed, the Company nevertheless considers it prudent to inform shareholders of the potential transactions.



Shareholders are advised that the above negotiations, 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.
21-Nov-2018
(C)
14-Nov-2018
(Official Notice)
In terms of paragraph 3.4(b)(i) of the JSE Limited ("JSE") Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the results of the previous corresponding reporting period.



HPLR is in the process of finalising its interim results for the six months ended 30 September 2018. These will be the first interim results published by the Company following its listing during April 2018.



Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report earnings per share ("EPS") and headline earnings per share ("HEPS") of between 24 and 28 cents for the six months ended 30 September 2018. The EPS and HEPS calculations are based on a weighted number of shares in issue of 290 000 000.



HPLR was dormant at its previous comparative reporting period, being 30 September 2017 (prior to listing on the JSE), and as a result the Company reported no earnings or headline earnings during the six months ended 30 September 2017. For further information regarding the restructuring of HPLR in anticipation of the listing, kindly refer to the Company?s pre-listing statement dated 15 March 2018, as available on HPLR?s website at www.hplr.co.za or may be requested by emailing info@hplr.co.za.



The Company expects to release its financial results for the six months ended 30 September 2018 on or about 21 November 2018. The above financial information is the responsibility of the directors and has not been reviewed or reported on by the Company?s external auditors.
22-Oct-2018
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the company held at 11:00 today, Monday, 22 October 2018 at the offices of Hosken Consolidated Investments, Suite 801, 76 Regent Road, Sea Point (?AGM?), all of the resolutions were passed by the requisite majorities of the company?s shareholders.
30-Jul-2018
(Official Notice)
29-Jun-2018
(Official Notice)
Notice is hereby 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.hplr.co.za.
13-Jun-2018
(Official Notice)
The board of directors of the company (?board?) advised that, on Tuesday, 12 June 2018, Mr Yunis Shaik resigned as chairperson of the board?s remuneration committee (?Remuneration Committee?) and that, on Tuesday, 12 June 2018, Mr Kevin Govender was appointed to succeed Mr Shaik as chairperson of the Remuneration Committee. Mr Yunis Shaik continues to serve on the board.
23-May-2018
(C)
The following results are the company's maiden final results. Revenue came to R1.8 billion whilst EBITDA was R454.1 million. Profit attributable to equity holders of R235.9 million was recorded. Furthermore, headline earnings per share were 81.15cps.



Dividend

The directors have not declared a final dividend for the full year, as dividends of R131.9 million were declared and paid to shareholders from income reserves in November 2017. In addition, a dividend of R649.8 million was paid out to Shareholders on 1 February 2018, as part of the restructure and capitalisation of the Group. In future, the Company aims, in line with the dividend policy disclosed in its pre-listing statement dated 15 March 2018, to declare and pay 50% of its annual profit after tax as a dividend to shareholders, subject to working capital requirements and capital expenditure required for expansion and maintenance.
17-May-2018
(Official Notice)
HPLR is in the process of finalising its financial results for the year ended 31 March 2018. These will be the Company?s maiden results as a JSE listed company.



Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report earnings per share (?EPS?) and headline earnings per share (?HEPS?) of between 74 and 88 cents for the year ended 31 March 2018. The EPS and HEPS calculations are based on a weighted number of shares in issue of 290 000 000.



HPLR was dormant at its previous year-end, being 31 March 2017 (prior to listing on the JSE), and as a result the Company reported no earnings or headline earnings during the year ended 31 March 2017. For further information regarding the restructuring of HPLR in anticipation of the listing, kindly refer to the Company?s pre-listing statement dated 15 March 2018, as available on HPLR?s website at www.hplr.co.za.



The Company expects to release its financial results for the year ended 31 March 2018 on or about 23 May 2018. The above financial information is the responsibility of the directors and has not been reviewed or reported on by the Company?s external auditors.
16-Mar-2018
(X)
HPLR is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The current portfolio is rooted in the commuter bus and luxury coach segments. Through its principal subsidiary Golden Arrow Bus Services, with over 157 years of proven operational expertise, the Company aims to harness the combined institutional knowledge and skills sets to pursue further prospects in bus and coach operations and potential entr?es into freight, rail and logistics operations.


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