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Market & Value Traded |
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Value Traded Today |
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News & Events |
ANGLO AMERICAN - [23 November 2007] | Purchases of Ordinary Shares in the Company
The Company announces that on 21 November 2007, an independent company purchased
474,469 ordinary shares of the Company at prices between GBP28.51 and GBP29.12
per share. This purchase was made by an independent company to be funded by a
wholly owned overseas subsidiary of the Company, which wholly owned subsidiary
will have the right to nominate a transferee for such shares, and otherwise in
accordance with arrangements substantially the same as those announced by the
Company on 23 March 2006.
Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and
has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the
independent companies referred to in the announcement of 23 March 2006 together
hold 103,947,367 ordinary shares, representing 7.86 per cent of Anglo American
plc's ordinary shares in issue (excluding treasury shares).
Catherine Marshall
Companies Secretary
Anglo American plc - By: JSE SENS DEP | INVESTEC - [23 November 2007] | ADDITIONAL LISTINGS - INVESTEC PLC AND INVESTEC LIMITED
Application has been made to the UK Listing Authority and the London Stock
Exchange for an additional listing of 1,253,825 Investec plc Ordinary Shares of
GBP0.0002 each (the "New Ordinary Shares") to trade on the London Stock Exchange
and to be admitted to the Official List upon issuance. The shares will rank pari
passu with the existing issued shares of the Company.
Pursuant to the dual listed company structure, Investec plc has also applied to
the JSE Limited for the admission to trading of the New Ordinary Shares.
The additional listing is pursuant to the exercise of vested options by staff of
share options under the Investec plc Share Option Plan 2002.
At the same time, Investec Limited applied to the JSE Limited for the admission
to trading of 2,867,154 Investec Limited Ordinary Shares of ZAR0.0002 each,
pursuant to the exercise of vested options by staff of share options under the
Investec Limited Security and Purchase Option Scheme 2002 Trust.
It is expected that trading in both the Investec plc and Investec Limited shares
will commence on 23 November 2007.
For further information, please contact:
Mr. David Miller
Investec plc
Group Company Secretary
+ 44 (0)207 597 4541 - By: JSE SENS DEP | OLD MUTUAL - [23 November 2007] | Transaction in Own Shares
Old Mutual plc ("the Company") announces that on 21 November 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited
a total of 2,525,000 of the Company's ordinary shares of 10p each.
1,750,000 of these shares were acquired on the London Stock Exchange at an
average price of 153.29 pence per share and 775,000 shares were acquired on the
JSE Limited at an average price of ZAR 21.66 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,452,793,221 ordinary shares of 10p each (excluding the
56,870,573 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
22-Nov-07
Sponsor
Merrill Lynch - By: JSE SENS DEP | STANDARD BANK - [23 November 2007] | BENEFITS TO BE DERIVED FROM THE STRATEGIC PARTNERSHIP
Further to the Standard Bank Group announcement dated 25 October 2007, in
which shareholders were advised that Standard Bank Group and Industrial and
Commercial Bank of China Limited ("ICBC") had, on 25 October 2007, concluded
agreements to form a strategic partnership, shareholders are advised that
negotiations between Standard Bank Group and ICBC have been ongoing
regarding the specific areas of business co-operation between the partners.
At the investor presentation to be held at 10:00 at the Cape Town
International Conference Centre on Friday, 23 November 2007, Standard Bank
Group and ICBC management, will expand on the strategic rationale of the
transaction and provide further information on the proposed strategic co-
operation between Standard Bank Group and ICBC, including estimates of the
incremental earnings expected to be derived by Standard Bank Group from the
business co-operation to be undertaken with ICBC.
The presentation will be broadcast live on Summit TV together with a
conference call and a live webcast on the Standard Bank Group website, at
http://www.standardbank.co.za/site/investor/Investor_relations_announcement.
html
The full text of the presentation will be available on the Standard Bank
Group website at the address indicated above from 09:30 on Friday, 23
November 2007.
Johannesburg
22-Nov-07
Investment bank and joint sponsor to Standard Bank Group
Standard Bank
Independent sponsor to Standard Bank Group
Deutsche Securities (SA) (Proprietary) Limited
Sponsor to Standard Bank Group in Namibia
Simonis Storm Securities (Proprietary) Limited - By: JSE SENS DEP | ANGLO AMERICAN - [22 November 2007] | Purchases of Ordinary Shares in the Company
The Company announces that on 20 November 2007, an independent company
purchased 825,000 ordinary shares of the Company at prices between GBP28.05
and GBP29.45 per share. This purchase was made by an independent company to be
funded by a wholly owned overseas subsidiary of the Company, which wholly
owned subsidiary will have the right to nominate a transferee for such shares,
and otherwise in accordance with arrangements substantially the same as those
announced by the Company on 23 March 2006.
Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and
has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the
independent companies referred to in the announcement of 23 March 2006
together hold 103,472,898 ordinary shares, representing 7.83 per cent of Anglo
American plc's ordinary shares in issue (excluding treasury shares).
Companies Secretary - By: Catherine Marshall | NAM ASSET MANAGEMENT - [22 November 2007] | CEO's dealing in Securities
Notice is hereby given, in terms of paragraphs 3.63 and 3.65 of the Listings Requirements of the Namibian Stock Exchange, of the following transactions in respect of the direct acquisition of the Company's shares by the CEO of the Company:
Name of CEO: Albert Bertolini
CEO of: Namibia Asset Management Ltd
Date of transaction: 22 November 2007
Selling price per share: N$ 0-25
Option Strike price: N$ 0-045
Strike dates: 30-Jan
Vesting periods:4 tranches over 5 years (from 30 January
2007 to 30 January 2012)
Number of shares:125 000
Total value: N$ 50 625
Class of shares:rdinary
Nature of transaction:Purchase of shares in terms of the
share incentive scheme duly adopted at a general meeting of
Namibia Asset Management Ltd held on 1 July 1998.
Extent and interest of director: Direct beneficial interest
Prescribed clearance given: In terms of a board and
trustees of the Namibian Harvest Executive Share Incentive
Scheme.
Windhoek, 19 November 2007
Sponsor:
IJG Securities (Pty) Ltd
Member of the NSX
Windhoek, Namibia - By: IJG | OLD MUTUAL - [22 November 2007] | Transaction in Own Shares
Old Mutual plc ("the Company") announces that on 20 November 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited
a total of 3,750,000 of the Company's ordinary shares of 10p each.
3,000,000 of these shares were acquired on the London Stock Exchange at an
average price of 155.98 pence per share and 750,000 shares were acquired on the
JSE Limited at an average price of ZAR 21.59 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,455,318,221 ordinary shares of 10p each (excluding the
54,345,573 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
21-Nov-07
Sponsor - By: Merrill Lynch | TRUWORTHS - [21 November 2007] | DIRECTORS DEALINGS
Notice is hereby given, in terms of paragraphs 3.63 to 3.65 of the Listings
Requirements of the JSE Limited, of the following transactions in respect of the
company's shares by a director of a subsidiary of the company:
Name of director : Derek Leslie Kohler
Executive director of : Truworths Limited
Date of transaction : 16 November 2007
Selling price per share : R 32.807 (vwap)
Number of shares : 138 727
Total value : R 4 551 217
Class of shares : Ordinary
Extent and interest of director : 100% indirect and beneficial interest
Prescribed clearance given : Yes
Nature of transaction:
The exercise of options in respect of 138 727 of the company's shares, such
options having been granted over the period from 4 October 2001 to 28 November
2003 in terms of and subject to the rules of the company's share scheme, the
consequent acquisition of such shares at strike prices ranging from R4.54 to
R8.73 per share, and the simultaneous sale of such shares on the open market.
By order of the board
Company Secretary - By: Chris Durham | SHOPRITE - [21 November 2007] | DEALING IN SECURITIES BY A DIRECTOR
In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:
Director Selwyn Schiff
Office Held Director of Main Subsidiary, Shoprite Checkers
(Pty) Ltd
Date transaction effected 15 November 2007
Number of shares 35 000
Sale price per share 3996.96 cents
Value of the transaction R1,398,936.00
Class of shares Ordinary
Nature of transaction Sale of shares in the open market
Interest Direct beneficial
Written clearance to deal
Received Yes
Cape Town
Date: 20 November 2007 - By: JSE SENS DEP | ANGLO AMERICAN - [20 November 2007] | Purchases of Ordinary Shares in the Company
The Company announces that on 16 November 2007, an independent company
purchased 375,996 ordinary shares of the Company at prices between GBP30.97
and GBP31.84 per share. This purchase was made by an independent company to be
funded by a wholly owned overseas subsidiary of the Company, which wholly
owned subsidiary will have the right to nominate a transferee for such shares,
and otherwise in accordance with arrangements substantially the same as those
announced by the Company on 23 March 2006.
Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and
has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the
independent companies referred to in the announcement of 23 March 2006
together hold 101,982,898 ordinary shares, representing 7.71 per cent of Anglo
American plc's ordinary shares in issue (excluding treasury shares).
Companies Secretary - By: Catherine Marshall | BARLOWORLD - [20 November 2007] | DIVIDEND DECLARATION
for the year ended 30 September 2007
Dividend number 158
Notice is hereby given that the following dividend has been declared in respect
of the year ended 30 September 2007: Number 158 (final dividend) of 200 cents
per ordinary share (2006: final dividend of 450 cents per ordinary share).
In compliance with the requirements of the JSE Limited, the following dates are
applicable.
Date declared Monday, 19 November 2007
Last day to trade cum dividend Friday, 4 January 2008
First trading day ex dividend Monday, 7 January 2008
Record date Friday, 11 January 2008
Payment date Monday, 14 January 2008
Share certificates may not be dematerialised or rematerialised between Monday, 7
January 2008 and Friday, 11 January 2008, both days inclusive.
For full Audited results visit company website www.barloworld.com - By: JSE SENS DEP | METROPOLITAN - [20 November 2007] | Appointment of group chief executive
The board of directors of Metropolitan Holdings Ltd takes pleasure in announcing
that Wilhelm van Zyl has been appointed as Group Chief Executive with effect
from 1 April 2008.
This appointment is being made after the board engaged independent advisors to
conduct an extensive search and evaluation of both internal and external
candidates. The board is confident that van Zyl is the person to lead the
group in its vision of being the leading financial services business in Africa.
Van Zyl is currently head of corporate business at Metropolitan as well as being
the managing director of Metropolitan Life Ltd, the group's largest subsidiary.
Since joining the group in 1999 after the acquisition of Commercial Union Life,
van Zyl has also fulfilled the roles of group actuary and managing director of
Metropolitan Odyssey Ltd. He is a qualified actuary and during 2005
successfully completed the advanced management programme at Harvard.
Enquiries: Professor Wiseman Nkuhlu - 0832597932
Cape Town
19-Nov-07
Sponsor in South Africa
South Africa (Pty) Ltd - By: Merrill Lynch | OLD MUTUAL - [20 November 2007] | Old Mutual plc ("the Company") announces that on 16 November 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty)
Limited a total of 3,350,000 of the Company's ordinary shares of 10p each.
1,850,000 of these shares were acquired on the London Stock Exchange at an
average price of 161.89 pence per share and 1,500,000 shares were acquired on
the JSE Limited at an average price of ZAR 22.28 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,461,488,221 ordinary shares of 10p each (excluding the
48,175,573 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
19-Nov-07
Sponsor - By: Merrill Lynch | ANGLO AMERICAN - [19 November 2007] | Purchases of Ordinary Shares in the Company
The Company announces that on 15 November 2007, an independent company
purchased 539,675 ordinary shares of the Company at prices between GBP31.91
and GBP33.30 per share. This purchase was made by an independent company to be
funded by a wholly owned overseas subsidiary of the Company, which wholly
owned subsidiary will have the right to nominate a transferee for such shares,
and otherwise in accordance with arrangements substantially the same as those
announced by the Company on 23 March 2006.
Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and
has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the
independent companies referred to in the announcement of 23 March 2006
together hold 101,606,902 ordinary shares, representing 7.69 per cent of Anglo
American plc's ordinary shares in issue (excluding treasury shares).
Catherine Marshall
Companies Secretary
Anglo American plc
16-Nov-07
Date: 16/11/2007 09:00:02 Produced by the JSE SENS Department.
Anglo American notification: Anglo Platinum reduces 2007
production target
Anglo American draws your attention to the following announcement made by Anglo
Platinum today:
Anglo Platinum reduces 2007 production target
Anglo Platinum announces that, as a result of the reduction in output associated
with achieving a significant improvement in employee safety, the ongoing
shortage of skilled and semi-skilled labour and strike activity, Anglo Platinum
will produce between 2,45 and 2,5 million ounces of refined platinum in 2007
reduced from the 2,6 to 2,65 million ounce forecast provided in July 2007.
The revised 2007 production target follows analysis of actual refined production
to the end of October and takes into account:
* The completion of the ramp-up of production following Anglo Platinum's
decision to shut down Rustenburg Platinum Mines for 7 days in June 2007.
* Anglo Platinum's decision to suspend production at its Turffontein shaft in
Rustenburg to address safety issues by replacing service columns and
steelwork, expected to last 134 days from 16 November 2007 which will
reduce platinum output by 9,000 oz in 2007.
* Implementation of safety interventions at all remaining Anglo Platinum
mines, including 1 day shut-downs
* The impact of the continued shortage and turnover of staff
* The increased frequency and duration of suspension of production by the
regulatory authorities including the Kroondal Joint Venture where
production was suspended today.
* The potential impact of the planned NUM one day industry-wide strike to
improve worker safety awareness
* Wage related industry-wide strikes by mining contract employees
The impact on Anglo Platinum's production levels in 2008 is currently being
evaluated and an estimate will be provided when results for the financial year
to 31 December 2007 are released.
Anglo Platinum continues to take pre-emptive action to address safety issues and
is wholly committed to working with the Department of Minerals and Energy and
all industry participants to achieve a safe working environment for all its
employees.
Johannesburg, 16 November 2007
For further information contact:
Trevor Raymond +27 11 373 6462
+27 82 654 8467
JSE Sponsor: UBS
For further information:
Investor Inquiries
Nick von Schirnding
Tel: +44 207 968 8540
Charles Gordon
Tel: +44 207 968 8933
Anna Poulter
Tel: +44 207 968 2155
Media Inquiries
James Wyatt-Tilby
Tel : +44 207 968 8759
Notes to Editors:
Anglo American plc is one of the world's largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a global
leader in platinum group metals and diamonds, with significant interests in
coal, base and ferrous metals, as well as an industrial minerals business and a
stake in AngloGold Ashanti. The Group is geographically diverse, with operations
in Africa, Europe, South and North America, Australia and Asia.
(www.angloamerican.co.uk) - By: JSE SENS DEP | OLD MUTUAL - [19 November 2007] | Transaction in Own Shares
Old Mutual plc ("the Company") announces that on 15 November 2007 it
purchased through Merrill Lynch International and Merrill Lynch South Africa
(Pty) Limited a total of 2,472,473 of the Company's ordinary shares of 10p
each.
1,750,000 of these shares were acquired on the London Stock Exchange at an
average price of 166.61 pence per share and 722,473 shares were acquired on
the JSE Limited at an average price of ZAR 22.92 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,464,837,255 ordinary shares of 10p each (excluding the
44,825,573 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
16-Nov-07
Sponsor
Merrill Lynch
Date: 16/11/2007 09:30:02 Produced by the JSE SENS Department.
NOTIFICATION OF A TRANSACTION OF A DIRECTOR IN ACCORDANCE WITH RULE 3.1.4R OF
THE DISCLOSURE AND TRANSPARENCY RULES
Old Mutual plc (the Company) announces that on 15 November 2007, Mr J H
Sutcliffe, Chief Executive of the Company, exercised a share option under the
Old Mutual Share Option and Deferred Delivery Plan (SOP) as follows:
Date of Date of Options Exercise No. of No. of Sale price of
grant exercise exercised price shares shares shares
retained sold
4 Mar 15 Nov 396,950 GBP0.9525 46,950 350,000 GBP1.657
2002 2007
The total number of shares now held under option by Mr Sutcliffe under the SOP
is 3,761,009, of which 2,069,521 have vested and the rest remain subject to
performance conditions.
The total number of shares in the Company in which Mr Sutcliffe (together with
his connected persons) is now beneficially interested (excluding Restricted
Share Awards which have not yet vested and all unexercised share option shares)
is 1,692,769.
Old Mutual
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
16-Nov-07
Sponsor
Merrill Lynch - By: JSE SENS DEP | STANDARD BANK - [19 November 2007] | Circular to shareholders
Shareholders are advised that Standard Bank has today posted to shareholders
the circular and scheme document relating to the proposed strategic
partnership with Industrial and Commercial Bank of China Limited,
incorporating the notices convening the general and scheme meetings to be held
on Monday, 3 December 2007.
This document is available in electronic form on the Standard Bank website at:
http://www.standardbank.co.za/site/investor/Investor_relations_announcement.ht
ml
Johannesburg
16-Nov-07
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Joint sponsor
Standard Bank - By: JSE SENS DEP | ANGLO AMERICAN - [16 November 2007] | Purchases of Ordinary Shares in the Company
The Company announces that on 14 November 2007, an independent company
purchased 423,015 ordinary shares of the Company at prices between GBP32.30
and GBP33.27 per share. This purchase was made by an independent company to
be funded by a wholly owned overseas subsidiary of the Company, which wholly
owned subsidiary will have the right to nominate a transferee for such
shares, and otherwise in accordance with arrangements substantially the same
as those announced by the Company on 23 March 2006.
Anglo American plc currently holds 20,783,518 ordinary shares in treasury,
and has 1,322,128,379 ordinary shares in issue (excluding treasury shares)
and the independent companies referred to in the announcement of 23 March
2006 together hold 101,067,227 ordinary shares, representing 7.64 per cent
of Anglo American plc's ordinary shares in issue (excluding treasury
shares).
Companies Secretary
Anglo American plc - By: Catherine Marshall | ELLERINE - [16 November 2007] | DEALING IN SECURITIES BY A DIRECTOR
In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements,
the following information, relating to dealing in securities by a director
is disclosed:
Executive director: R A Rawlings
Company: Ellerines
Date of transaction: 5 November 2007
Number of shares: 27 500
Strike Price: R19.00
Value of transaction: R522,500.00
Extent of interest: Direct beneficial
Share class: Ordinary shares
Nature of transaction: Exercise and purchase of share options.
Clearance to deal obtained: Yes
Johannesburg
15-Nov-07
Sponsor
Nedbank Capital - By: JSE SENS DEP | INVESTEC - [16 November 2007] | Unaudited consolidated financial results in Pounds Sterling for the six
months to 30 September 2007
Copies of this results provided on the Company's website:
www.investec.com.
Ordinary dividend announcements
Notice is hereby given that an interim dividend (No. 104) of 159.5 cents
(2006: 138 cents) per ordinary share has been declared by the board in
respect of the six months ended 30 September 2007.
The dividend is payable to shareholders recorded in the members' register
of the company at the close of business on Friday, 14 December 2007.
The relevant dates for the payment of the dividend are:
Last day to trade cum-dividend Friday, 7 December 2007
Shares commence trading ex-dividend Monday, 10 December 2007
Record date Friday, 14 December 2007
Payment date Friday, 21 December 2007
The interim dividend of 159.5 cents per ordinary share has been determined
by converting the Investec plc distribution of 11.5 pence per ordinary
share into Rands using the Rand/Pound Sterling average buy/sell forward
rate at 11h00 (SA time) on 14 November 2007.
Share certificates may not be dematerialised or rematerialised between
Monday, 10 December 2007 and Friday, 14 December 2007, both dates
inclusive.
By order of the board
B Coetsee
Company Secretary
15 November 2007
Date: 15/11/2007 09:00:12 Produced by the JSE SENS Department.
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
Investec plc
2. Reason for the notification (please state Yes/No):
An acquisition or disposal of voting rights:
Yes
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: N/A
An event changing the breakdown of voting rights: N/A
Other (please specify): N/A
3. Full name of person(s) subject to the notification obligation (iii):
JPMorgan Chase & Co
4. Full name of shareholder(s) (if different from 3.) (iv):
J.P. Morgan International Bank Limited
J.P. Morgan Investment Management Inc.
JF Asset Management Limited
JPMorgan Asset Management (Japan) Limited
JPMorgan Asset Management (UK) Limited
5. Date of the transaction and date on which the threshold is crossed or reached
(v):
9-Nov-07
6. Date on which issuer notified:
12 November 2007
7. Threshold(s) that is/are crossed or reached:
5%
8. Notified details:
A: Voting rights attached to shares
Class/type of Situation previous to the Triggering
shares if transaction
possible using
the ISIN CODE
Number of shares Number of voting
Rights
GB00B17BBQ50 26,850,735 26,850,735
Resulting situation after the triggering transaction
Class/type of Number of Number of voting % of voting
shares if shares rights rights
possible using
the ISIN CODE
Direct Direct Indirect Direct Indire
ct
GB00B17BBQ5 20,122,207 20,122,207 4.81%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Date Exercise/Conv Number of % of
financial ersion voting rights voting
instrument Period/ Date that may be rights
acquired if
the
instrument is
exercised/
converted.
N/A
Total (A+B)
Number of voting % of voting
rights rights
20,122,207 4.81%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Total disclosable holding for JPMorgan Chase & Co. : 20,122,207 (4.81%)
J.P. Morgan International Bank Limited
J.P. Morgan Investment Management Inc.
JF Asset Management Limited
JPMorgan Asset Management (Japan) Limited
JPMorgan Asset Management (UK) Limited
Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will acquire to hold: N/A
12. Date on which proxy holder will acquire to hold voting rights: N/A
13. Additional information:
Please note the group has other holdings which are covered by exemptions.
14. Contact name:
Tracey Young
15. Contact:
020 7325 4513 - By: JSE SENS DEP | OLD MUTUAL - [16 November 2007] | Transaction in Own Shares
Old Mutual plc ("the Company") announces that on 14 November 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited
a total of 2,720,454 of the Company's ordinary shares of 10p each.
2,206,079 of these shares were acquired on the London Stock Exchange at an
average price of 169.37 pence per share and 514,375 shares were acquired on the
JSE Limited at an average price of ZAR 23.51 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,466,898,919 ordinary shares of 10p each (excluding the
42,353,100 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
Ref 81/07
15-Nov-07
Sponsor
Merrill Lynch - By: JSE SENS DEP | ANGLO AMERICAN - [15 November 2007] | Purchases of Ordinary Shares in the Company
The Company announces that on 13 November 2007, an independent company
purchased 552,229 ordinary shares of the Company at prices between GBP31.96
and GBP33.35 per share. This purchase was made by an independent company to
be funded by a wholly owned overseas subsidiary of the Company, which wholly
owned subsidiary will have the right to nominate a transferee for such
shares, and otherwise in accordance with arrangements substantially the same
as those announced by the Company on 23 March 2006.
In addition to the above, and pursuant to the authority granted by
shareholders at the Extraordinary General Meeting held on 25 June 2007,
Anglo American plc purchased 100,000 of its ordinary shares on 13 November
2007 at prices between GBP31.80 and GBP33.15 per share. The purchased shares
will all be held as treasury shares.
Anglo American plc currently holds 20,783,518 ordinary shares in treasury,
and has 1,322,128,379 ordinary shares in issue (excluding treasury shares)
and the independent companies referred to in the announcement of 23 March
2006 together hold 100,644,212 ordinary shares, representing 7.61 per cent
of Anglo American plc's ordinary shares in issue (excluding treasury
shares). - By: Catherine Marshall | ELLERINE - [15 November 2007] | DEALING IN SECURITIES BY A DIRECTOR
In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements,
the following information, relating to dealing in securities by a director is
disclosed:
Executive director: D J Mauer
Company: Ellerine Furnishers (Pty) Limited
Date of transaction: 13 November 2007
Number of shares: 17 500
Average price per share: R83.00
Value of transaction: R1,452,500.00
Extent of interest: Direct beneficial
Share class: Ordinary shares
Nature of transaction: 10 000 shares sold on the open market arising
from the vesting of share options at an offer
price of R14.95 per share; and 7 500 shares sold
on the open market arising from the vesting of
share options at an offer price of R19.00 per
share.
Clearance to deal obtained: Yes
Johannesburg
14-Nov-07
Sponsor
Nedbank Capital - By: JSE SENS DEP | FIRST RAND - [15 November 2007] | DEALING IN SECURITIES BY DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director: Mr. J P Burger
Company: FirstRand Bank Holdings Limited
Date of transaction: 12 November 2007
Nature of transaction: Sale
Class of securities: FirstRand ordinary shares
Number of securities: 35 000
Selling price: R24.6342 per share
Total value of transaction: R897 197
Nature and extent of
director's interest: Indirect beneficial
Clearance obtained Yes
Sandton
14-Nov-07
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited) - By: JSE SENS DEP | OLD MUTUAL - [15 November 2007] | Transaction in Own Shares
Old Mutual plc ("the Company") announces that on 13 November 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited
a total of 2,195,941 of the Company's ordinary shares of 10p each.
1,500,000 of these shares were acquired on the London Stock Exchange at an
average price of 166.48 pence per share and 695,941 shares were acquired on the
JSE Limited at an average price of ZAR 23.35 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,469,619,373 ordinary shares of 10p each (excluding the
39,632,646 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
Ref 80/07
14-Nov-07
Sponsor - By: Merrill Lynch | SHOPRITE - [15 November 2007] | DEALING IN SECURITIES BY A DIRECTOR
In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:
Director Adriana Cecilia Vosloo
Office Held Director of Shoprite Checkers (Pty) Ltd
Date transaction effected 12 November 2007
Number of shares 25,000
Sale price per share 4166 cents
Value of the transaction R1,041,500
Class of shares Ordinary
Interest Direct beneficial
Nature of transaction Exercise of share options at a strike price of
619.5 cents per share and subsequent sale Written
clearance to deal
received Yes
Cape Town
Date 14 November 2007
Sponsor
Nedbank Capital
Date: 14/11/2007 07:52:40 Produced by the JSE SENS Department.
DEALING IN SECURITIES BY A DIRECTOR
In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:
Director Aubrey Errol Karp
Office Held Director
Date transaction effected 13 November 2007
Number of shares 750
Price per share 4100 cents
Value of the transaction R30,750.00
Class of shares Ordinary
Interest Direct beneficial
Nature of transaction Purchase of shares in the open market
Written clearance to deal
received Yes
Cape Town
Date 14 November 2007
Sponsor
Nedbank Capital - By: JSE SENS DEP | TRANS HEX - [15 November 2007] | UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2007 AND CASH
DIVIDEND DECLARATION
Further to the company's results; please see company website: www.transhex.co.za
DIVIDEND DECLARATION
The directors have resolved to declare dividend number 54 of 5,0 cents per share
for the interim period ended 30 September 2007.
Last day to trade (cum dividend) Friday, 7 December 2007
First date of trading (ex dividend) Monday, 10 December 2007
Record date Friday, 14 December 2007
Payment date Tuesday, 18 December 2007
Share certificates may not be dematerialised or rematerialised between Monday 10
December 2007 and Friday 14 December 2007, both days inclusive.
Date: 14/11/2007 08:12:48 Produced by the JSE SENS Department. - By: JSE SENS DEP | ANGLO AMERICAN - [14 November 2007] | Purchases of Ordinary Shares in the Company
The Company announces that on 12 November 2007, an independent company
purchased 122,000 ordinary shares of the Company at prices between GBP32.94
and GBP33.72 per share. This purchase was made by an independent company to
be funded by a wholly owned overseas subsidiary of the Company, which wholly
owned subsidiary will have the right to nominate a transferee for such
shares, and otherwise in accordance with arrangements substantially the same
as those announced by the Company on 23 March 2006.
Anglo American plc currently holds 20,683,518 ordinary shares in treasury,
and has 1,322,228,379 ordinary shares in issue (excluding treasury shares)
and the independent companies referred to in the announcement of 23 March
2006 together hold 100,091,983 ordinary shares, representing 7.57 per cent
of Anglo American plc's ordinary shares in issue (excluding treasury
shares). - By: Catherine Marshall | ELLERINES - [14 November 2007] | RESULTS OF THE GENERAL MEETING
Shareholders are advised that, at the general meeting of Ellerines held at
the registered office of the company today, the resolution regarding the
amendment to The Ellerine Employees Share Trust was passed by the requisite
majority of shareholders present or represented by proxy thereat.
Johannesburg
13-Nov-07
Investment Bank and Sponsor
Nedbank Capital
Date: 13/11/2007 11:11:59 Produced by the JSE SENS Department.
DEALING IN SECURITIES BY A DIRECTOR
In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements,
the following information, relating to dealing in securities by a director
is disclosed:
Executive director: M C M Carter
Company: Ellerine Furnishers (Pty) Limited
Date of transaction: 12 November 2007
Number of shares: 5000
Average price per share: R84.95
Value of transaction: R424,750.00
Extent of interest: Direct beneficial
Share class: Ordinary shares
Nature of transaction: 5 000 shares sold on the open market
arising from the vesting of share
options at an offer price of R15.25 per
share
Clearance to deal obtained: Yes
Johannesburg
13-Nov-07
Sponsor
Nedbank Capital
Date: 13/11/2007 12:30:02 Produced by the JSE SENS Department. - By: JSE SENS DEP | NAMIBIA ASSET MANAGERS - [14 November 2007] | FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2007
The Namibia Asset Management Ltd Group (the "Group") is pleased to report a
good set of results for the year ended 30 September 2007. The restructuring
of the Group's business to become a focussed asset manager has now been
substantially finalised.
Group revenue increased by 30.6% to N$ 26 million (September 2006: N$19.9
million) and profit before tax is up by 44.4%. However, profit after tax
decreased by 42.2% to N$ 4.8million (September 2006: N$ 8.3 million). This
resulted from a significant utilisation of the once - off deferred tax
asset raised in the prior year. The write down of Harvest Reinsurance
assets as well as the recognition of a material share based payment in
respect of the staff share incentive trust were significant non - cash
transactions recognised in the current year.
ASSET MANAGEMENT
Financial market performance
The global economic backdrop is a lot more uncertain than it has been for
some time. While the outlook for the USA has deteriorated markedly,
economies in the rest of the world continue to perform well. The volatility
of financial markets in the third quarter of 2007 tested the resolve of
investors. The quarter was dominated by concerns regarding the US sub-prime
housing market and credit problems.
The South African ("SA") economy is slowing appreciably as higher interest
rates finally work their way through the system. The fall out of higher
rates is compounded by high food inflation and oil prices. We remain of the
view that the SA economy is experiencing a normal cycle and that the
economy will comfortably absorb a slow down in consumer spending. Our
client portfolios remain defensively positioned within the domestic
universe.
Institutional
Assets under management increased by 13.5% from N$ 7.4 billion (September
2006) to N$ 8.4 billion (September 2007) despite a substantial outflow in
excess of N$ 1 billion from one of our clients during the year under
review. The outflow resulted from a geographic and asset allocation
restructuring within the client's fund. This outflow has however been
offset by new client inflows.
Namibia Asset Management's ("NAM") best investment house view portfolios
continue to perform strongly over the longer term, ending second in the
Alexander Forbes Survey of Namibian Retirement Funds for the one and three
year periods ended September 2007. NAM's "Namibian only" discretionary
mandates also continue to perform strongly over the longer term, ending
first and second in the Alexander Forbes Survey of Namibian Retirement
Funds for the one and three year periods ended September 2007. NAM's
medical aid discretionary mandate continues to perform strongly ending
first in the Alexander Forbes South African Medical-Aid Manager Watch
Survey for September 2007.
Retail
Our two unit trust portfolios again delivered positive results. We are in
the process of changing the names and the investment mandates of these two
funds. The Namibian Harvest Platinum Money Fund will be renamed to NAM
Coronation Strategic Income Fund and will have a somewhat more aggressive
investment mandate. The Namibian Harvest Platinum Balanced Fund will be
renamed to NAM Coronation Balanced Defensive Fund and will adopt a more
defensive investment philosophy. All the documentation has been submitted
to the Regulator and Trustees and the new funds have been launched on the
8th of November 2007.
Futeni (Debt Collection)
At year-end, one remaining account had not yet been settled. Due to the
uncertainty of the outcome, no asset has been recognised, however
significant progress has been made in the finalisation.
Harvest Reinsurance
The shortage of qualified re-insurance personnel has delayed the settling
of the remaining assets and liabilities of this business. Recent progress
has led to the impairment of most of the Harvest Reinsurance assets as well
as the reversal of all but a small amount of outstanding claims.
Shareholding
During the 12 months under review, the empowerment shareholder /Ae//Gams
Investments reduced its shareholding by 14% from 21% to 7% to enable staff
and the staff trust to become shareholders. This transaction further aligns
the interests of staff with the interests of clients and shareholders.
Prospects
It is the fourth consecutive year that the financial markets produced
exceptional returns. It would be unrealistic to expect that this will
necessarily continue. As they say: "Trees cannot grow to heaven".
Volatility in financial markets has increased but rather than to make short
term predictions, we are committed to guard and grow the assets entrusted
to us, through all financial market cycles.
We are extremely grateful and proud of the on-going support and confidence
that our clients have demonstrated by entrusting their savings to us. We
would also like to thank our staff for their continued dedication and
commitment.
Dividend
A dividend of 2 cents per ordinary share as well as a 2 cents special
dividend per share has been declared on the 2nd of November 2007 (September
2006: 2 cents per ordinary share as well as 1 cent special dividend per
ordinary share). The salient dates are as follows:
Last day to trade: 11 January 2008
Securities start trading ex - dividend: 07 January 2008
Payment date: 25 January 2008
A MUSHIMBA AB BERTOLINI
CHAIRMAN CHIEF EXECUTIVE OFFICER
Auditors Review Opinion
The condensed consolidated results for the year as at and for the year
ended 30 September 2007 have been reviewed by KPMG Namibia. The auditor's
unqualified review opinion is available for inspection at the company's
registered office.
Directors:
A Mushimba (Chairman), AB Bertolini (CEO), MM Du Toit*, P Davis*, RG
Young*, MF Fehrsen, B Dempsey
(* SOUTH AFRICAN)
Company secretary:
Cornell Karsten
Registered office:
1st Floor, KPMG House 2005, Orban Street, Klein Windhoek
P.O. Box 23329, Windhoek, Namibia
Transfer secretary:
Transfer Secretaries (Pty) Ltd
Kaiserkrone Centre, Post Street Mall
P.O. Box 2401, Windhoek, Namibia
Registration No, 93/713
Auditor:
KPMG
Registered Accountants and Auditors
Chartered Accountants (Namibia)
P.O. Box 30, Windhoek, Namibia
Sponsor:
IJG Securities (Pty) Ltd
Member of the NSX
12 Love Street
P.O. Box 186, Windhoek, Namibia
Registration No. 95/505
NAMIBIA ASSET MANAGEMENT LTD
REVIEWED CONDENSED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30
Sep-07
CONDENSED GROUP INCOME STATEMENT
Reviewed Audited
30 30 September
September 2006
2007
N$'000 N$'000 %
Continuing operations
Revenue 25 980 19 887 30.6
Other income 474 471 0.6
Operating expenditure (18 643) (15 557) (19.8)
Operating profit before interest and 7 811 4 801 62.7
tax
Net financing income 565 591 (4.4)
Profit before tax 8 376 5 392 55.3
Income tax (3 002) 2 894 (203.7)
Profit for the year - Continuing 5 374 8 286 (35.1)
operations
Discontinued operations
Revenue - 7 (100.0)
Operating expenditure (840) (167) (403.0)
Operating profit before interest and (840) (160) (425.0)
tax
Net financing income 250 208 20.2
(Loss) / Profit before tax - (590) 48 (1329.2)
Discontinued operations
Total profit for the year 4 784 8 334 (42.6)
attributable to ordinary
shareholders
Earnings per share in cents 2.40 4.17 (42.4)
Full amount of shares in issue
Earnings per share in cents 2.56 4.46 (42.6)
Amount of shares in issue net of
13.12 million deemed treasury shares
CONDENSED GROUP BALANCE SHEET
Reviewed Audited
30 September 30 September
2007 2006
N$'000 N$'000
ASSETS
Non - current assets 3 155 6 465
Equipment 183 147
Intangible assets 11 32
Investments 2 000 2 000
Deferred taxation 961 4 286
Current assets 19 283 15 775
Trade and other receivables 5 671 5 261
Investments 609 1 174
Cash and cash equivalents 9 476 4 055
Assets classified as held for sale 3 527 5 285
22 438 22 240
TOTAL ASSETS
EQUITY AND LIABILITIES
TOTAL EQUITY 16 441 16 655
Issued share capital and premium 7 923 7 923
Deemed treasury shares (705) (1 092)
Share based payment reserve 608 -
Retained earnings 8 615 9 824
Current liabilities 5 997 5 585
Trade and other payables 5 252 3 591
Current tax liability - 59
Shareholders for dividend 91 79
Bank overdrafts 6 65
Liabilities classified as held for 648 1 791
sale
22 438 22 240
TOTAL EQUITY AND LIABILITIES
CONDENSED GROUP STATEMENT OF CHANGES IN EQUITY
Ordinary Share Deemed
based
share Share Retained payment treasury
capital premium earnings reserve shares Total
N$'000 N$'000 N$'000 N$'000 N$'000 N$'000
Balance as at 1 958 6 054 9 900 - (378) 17 534
1-Oct-05
Shares (89) - - - (714) (803)
purchased by
the share
incentive
scheme
Net profit for - - 8 334 - - 8 334
the year
Dividends paid - - (8 410) - - (8 410)
Balance as at 1 869 6 054 9 824 - (1 092) 16 655
30-Sep
2006
Staff share - - (387) - 387 -
options issued
Share based - - - 608 - 608
payment after
tax
Net profit for - - 4 784 - - 4 784
the year
Dividends paid - - (5 606) - - (5 606)
Balance as at 1 869 6 054 8 615 608 (705) 16 441
30-Sep
2007
CONDENSED GROUP CASH FLOW STATEMENT
Reviewed Audited
30 September 30 September
2007 2006
N$'000 N$'000
Cash flow from operating activities
Cash generated by operations 10 051 3 741
Dividends paid (5 594) (8 400)
Taxation (59) (1 016)
Finance income 833 812
Finance cost (18) (12)
Net cash flow from operating activities 5 213 (4 875)
Cash flow from investing activities
Equipment acquired during the year (168) (25)
Acquisitions of intangible assets - (13)
Investments made / redeemed 565 -
Purchase of additional shares for the share - (803)
incentive scheme
Proceeds on sale of equipment 10 -
Proceeds from Futeni retained accounts - 1 375
Proceeds from sale of subsidiary - 128
Net cash flows from investing activities 407 662
Net movement in cash and cash equivalents 5 620 (4 213)
Cash and cash equivalents at the beginning of 7 217 11 430
the year
Cash and cash equivalents at the end of the 12 837 7 217
year
CONDENSED SEGMENT INFORMATION
Segment Segment
revenue revenue
Reviewed Audited
30 September 30 September
2007 2006
N$'000 N$'000
Asset and unit trust management 25 980 19 852
Re-insurance - 7
Debt-collection - 30
Other - 5
Segment result Segment result
Before Before
interest and interest and
tax tax
Reviewed Audited
30 September 30 September
2007 2006
N$'000 N$'000
Asset and unit trust management 7 811 4 314
Re-insurance (840) (161)
Debt-collection - 81
Other - 44
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
1. Reporting entity
Namibia Asset Management Ltd (the "Company") is a company domiciled in
Namibia. The condensed consolidated financial statements of the Company as
at and for the year ended 30 September 2007 comprises the company and its
subsidiaries (together referred to as the "Group").
2. Statement of compliance
These condensed consolidated financial statements have been prepared in
accordance with the International Financial Reporting Standards (IFRS).
They do not include all the relevant information required for full annual
financial statements, and should be read in conjunction with the
consolidated financial statements for the Group as at and for the year
ended 30 September 2007.
These condensed consolidated financial statements were approved by the
Board of Directors on 2 November 2007.
3. Significant accounting policies
The accounting policies applied by the Group in these condensed
consolidated financial statements are the same as those applied by the
Group in its consolidated financial statements as at and for the year ended
30 September 2006.
4. Headline earnings per ordinary share
Reviewed Audited
30 30
September September
2007 2006
N$'000 N$'000 %
Reconciliation of basic earnings to
headline earnings
Basic earnings 4 784 8 334
Loss on disposal of fixed assets 95 -
Profit on disposal of fixed assets - (58)
4 879 8 276
Headline earnings per share in cents 2.44 4.14 (41.06)
Full amount of shares in issue
Headline earning per share in cents 2.61 4.43 (41.08)
Amount of shares in issue net of 13.12
million deemed treasury shares
Date: 13/11/2007 16:38:13 Produced by the JSE SENS Department. - By: JSE SENS DEP | OLD MUTUAL - [14 November 2007] | Transaction in Own Shares
Old Mutual plc ("the Company") announces that on 12 November 2007 it
purchased through Merrill Lynch International and Merrill Lynch South Africa
(Pty) Limited a total of 2,350,000 of the Company's ordinary shares of 10p
each.
1,750,000 of these shares were acquired on the London Stock Exchange at an
average price of 163.38 pence per share and 600,000 shares were acquired on
the JSE Limited at an average price of ZAR 22.84 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,471,729,984 ordinary shares of 10p each (excluding the
37,436,705 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
Ref 79/07
13-Nov-07
Sponsor
Merrill Lynch - By: JSE SENS DEP | OLD MUTUAL - [13 November 2007] | Transaction in Own Shares
Old Mutual plc ("the Company") announces that on 9 November 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty)
Limited a total of 4,215,000 of the Company's ordinary shares of 10p each.
3,000,000 of these shares were acquired on the London Stock Exchange at an
average price of 162.07 pence per share and 1,215,000 shares were acquired on
the JSE Limited at an average price of ZAR 22.48 per share.
The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,474,079,984 ordinary shares of 10p each (excluding the
35,086,705 shares that have so far been repurchased into treasury).
Old Mutual
For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com
Enquiries
Investor
Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
12-Nov-07
Sponsor
Merrill Lynch - By: MERRILL LYNCH | SHOPRITE - [13 November 2007] | DEALING IN SECURITIES BY A DIRECTOR
In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:
Director: Aubrey Errol Karp
Office Held: Director
Date transaction effected 9 November 2007
1. Number of shares purchased: 3,056
Purchase price per share: 4020 cents
Value of the transaction: R122,851.20
Class of shares: Ordinary
Nature of transaction: Purchase of shares in the open market
Interest: Direct beneficial
Clearance to deal received: Yes
2. Number of shares purchased: 19,629
Purchase price per share: 4020 cents
Value of the transaction: R789,085.80
Class of shares: Ordinary
Nature of transaction: Purchase of shares in the open market
Interest: Direct beneficial
Clearance to deal received: Yes
3. Number of shares purchased: 668
Purchase price per share: 4020 cents
Value of the transaction: R26,853.60
Class of shares: Ordinary
Nature of transaction: Purchase of shares in the open market
Interest: Direct beneficial
Clearance to deal received: Yes
4. Number of shares purchased: 6,146
Purchase price per share: 4020 cents
Value of the transaction: R247,069.20
Class of shares: Ordinary
Nature of transaction: Purchase of shares in the open market
Interest: Direct beneficial
Clearance to deal received: Yes
Cape Town
Date: 12 November 2007
Sponsor
Nedbank Capital - By: NEDBANK CAPITAL | TRUSCO - [13 November 2007] | ANNOUNCEMENT OF THE DETAILS OF AN ACQUISITION BY TRUSTCO GROUP HOLDINGS
LIMITED (TRUSTCO) AND UPLIFTMENT OF CAUTIONARY ANNOUNCEMENT
1. Introduction
On 2 November 2007 a written agreement was concluded between Dex Group (Pty)
Ltd (Dex) a company incorporated in South Africa and Trustco Group
International SA (Pty) Ltd (TGI) in terms whereof TGI acquired the entire
shareholding, loan accounts and claims in Dex Group Financial Services
(Pty)(DFS) Ltd as well as E-Sure, a computer software system.
TGI is a wholly owned subsidiary of Trustco and is registered in South
Africa as a private company with registration number 2003/012197/07.
DFS in turn wholly owns four subsidiaries. They are:
Brokernet (Pty) Ltd
Dex Corporate Solutions (Pty) Ltd
ICE Insurance Claims (Pty) Ltd
Dex Group Informatrix (Pty) Ltd
DFS and its subsidiaries conduct business in the financial services sector
in South Africa. It manages policy and claims administration and money
management on behalf of registered brokers in the short term insurance
industry at an agreed fee.
The transaction constitutes a category 3 transaction as defined in paragraph
9.5 of the Namibian Stock Exchange Listings requirements. This announcement
is made in accordance with paragraph 9.15 of the said listings requirements.
2. Particulars of the Transaction
The vendor is Dex Group (Pty) Ltd a company with limited liability,
incorporated in the Republic of South Africa and referred to herein as
Dex. Dex is the sole shareholder of DFS.
The effective date of the transaction is 31 October 2007 if the conditions
precedent are fulfilled on or before 30 November 2007.
The agreement is subject to the following conditions precedent.
The Namibian Stock Exchange granting its approval if required.
The approval or ratification of The agreement by The boards of The
parties respectively.
Trustco and TGI being satisfied in their sole discretion with The outcome
of a due diligence investigation.
An Intermediaries Guarantee Facility remaining in place until The
effective date.
All conditions precedent must be fulfilled by 30 November 2007 failing which
the agreement will lapse. The Board of Trustco is confident that the
conditions precedent will be fulfilled in time.
3. Other significant terms of the agreement
3.1 TGI also acquired "E-Sure" being a software system maintained and
upgraded by the Dex Group of companies, which is used in the business of
policy administration and money management by the subsidiaries referred to
above. "E-Sure" was valued independently in 2004 at ZAR60 million by Mr.
Pierre Cronje, a Business and Information Technology Consultant. The board
has no reason to doubt the validity of the valuation.
3.2 In terms of the agreement the senior management structure as currently
in place will continue to manage the business.
The Competition Board in South Africa advised that notification of the
transaction is not necessary thus disposing of the aspect of competitions
board approval.
4. The purchase consideration which is capped at ZAR65 million is
structured as follows:
4.1 ZAR20 million in cash when the suspensive conditions are met or waived.
4.2 The issue of shares in Trustco at N$3.80 per share in four tranches on
31 May 2008, 31 May 2009, 31 May 2010 and 31 May 2011. The number of shares
issued in each tranche is equal to the value of the net profit after tax
achieved by DFS and its subsidiaries at 31 March 2008, 31 March 2009, 31
March 2010 and 31 March 2011 respectively.
The rationale of the transaction is the commitment of Trustco to expand its
business operations to South Africa or other SADC countries in inter alia
the financial services sector.
To the extent necessary the articles of association of DFS will be amended
to conform to Schedule 10 of the Namibian Stock Exchange Listings
requirements.
The enhancement of Trustco's financial position as a result of the
acquisition appears from the key financial indicators.
Key Ratio's 31 October 2007 31 March 2008 31 March 2009
TSO Shares in 120 117 120 117 121 943
issue (net of
deemed
treasury
shares)
(000's)
TSO NAV 92 602 95 561 108 467
(N$ 000's)
DFS Profit 3 978 6 937 12 907
after tax (N$
000's)*
Guarenteed
TSO increase 3.31 5.77 10.61
in EPS (cents)
TSO increase 3.31 5.77 10.61
in HEPS
(cents)
NAV / share 0.77 0.80 0.89
(N$)
By order of the board.
P J Miller
Company Secretary
12-Nov-07
Registered Office:
Trustco House
2 Keller Street
P O Box 11363
Windhoek
Namibia
Directors:
TJ Frank (Chairman), V de Klerk, Dr D Namwandi, M Nashandi, G Walters, AH
Toivo ya Toivo, Q van Rooyen (Managing Director), FJ Abrahams
Sponsor:I J G Securities (Pty) Ltd
Member of the NSX
12 Love Street
P O Box 186, Windhoek, Namibia - By: IJG | ANGLO AMERICAN - [9 November 2007] | ANGLO AMERICAN PLC
Purchases of Ordinary Shares in the Company
The Company announces that on 7 November 2007, an independent company purchased
627,000 ordinary shares of the Company at prices between GBP31.51 and GBP32.21
per share. This purchase was made by an independent company to be funded by a
wholly owned overseas subsidiary of the Company, which wholly owned subsidiary
will have the right to nominate a transferee for such shares, and otherwise in
accordance with arrangements substantially the same as those announced by the
Company on 23 March 2006.
Anglo American plc currently holds 20,683,518 ordinary shares in treasury, and
has 1,322,228,379 ordinary shares in issue (excluding treasury shares) and the
independent companies referred to in the announcement of 23 March 2006 together
hold 99,754,714 ordinary shares, representing 7.54 per cent of Anglo American
plc's ordinary shares in issue (excluding treasury shares). - By: Catherine Marshall | BARLOWORLD - [9 November 2007] | THE PROPOSED UNBUNDLING AND SEPARATE LISTING OF FREEWORLD COATINGS LIMITED
(PREVIOUSLY THE COATINGS DIVISION OF BARLOWORLD) ("COATINGS")
1. Introduction
Following deliberations by the Barloworld board, as well as shareholder
engagement, it was announced on 18 December 2006 that the Barloworld board would
continue to review the Barloworld structure and, in addition to the unbundling
of Pretoria Portland Cement Company Limited ("PPC"), further unbundlings or
disposals would follow in the future. In this regard, in the announcement dated
31 July 2007, following the announcements dated 18 December 2006, 25 January
2007 and 27 March 2007, published on the Securities Exchange News Service
("SENS"), Barloworld confirmed its intention to dispose of its interest in
Coatings through a distribution of the ordinary shares of Coatings held by
Barloworld to the Barloworld ordinary shareholders.
2. Rationale for the unbundling
The unbundling will have a number of benefits, including:
unlocking the value gap between Barloworld's intrinsic value and its market
value; and
the creation of a more focused Barloworld Group.
3. The unbundling
Subject to the fulfilment of the conditions precedent as set out in paragraph 4
below, 203 843 388 Coatings ordinary shares ("the Coatings distribution
shares"), constituting all of the ordinary shares held by Barloworld in
Coatings, will be distributed to Barloworld ordinary shareholders recorded in
the register at the close of business on 7 December 2007 ("the Record Date"), in
the entitlement ratio of one Coatings ordinary share for every one Barloworld
ordinary share held by a Barloworld ordinary shareholder ("the entitlement
ratio"). The distribution will be undertaken in terms of section 90 of the
Companies Act, No. 61 of 1973 as amended and in accordance with section 46 of
the Income Tax Act, No. 58 of 1962, as amended.
4. Conditions precedent
The unbundling is subject to the fulfilment of the following conditions
precedent:
the passing by the Barloworld ordinary shareholders at the general meeting of
the ordinary resolutions necessary to implement the unbundling to be held at
12h00 on Friday, 23 November 2007;
the granting of an exemption, by the US Securities and Exchange Commission to
Coatings, from the registration and reporting requirements of section 12(g) of
the US Securities Exchange Act of 1934, as amended, in reliance with Rule 12g3-
2(b) thereunder; and
- the approval by the JSE Limited ("JSE")of the listing of the Coatings ordinary
shares on the JSE on the listing date, being Monday, 3 December 2007.
5. Salient dates and times
The salient dates and times of the unbundling and listing of Coatings
distribution shares are as follows:
2007
Last day for lodging of forms of proxy for
the general meeting by 12:00 on Wednesday, 21 November
General meeting of Barloworld shareholders at
12:00 on Friday, 23 November
Results of the general meeting released on
SENS on Friday, 23 November
Results of the general meeting published in
the press on Monday, 26 November
Last day to trade in Barloworld ordinary
shares on the JSE to participate in the
unbundling on Friday, 30 November
Barloworld ordinary shares trade ex the
entitlement to the Coatings distribution
shares on Monday, 3 December
Coatings ordinary shares commence trading
under the JSE share code FWD and
ISIN ZAE000109450 on Monday, 3 December
Record date to participate in the unbundling
on Friday, 7 December
Share certificates in respect of the ordinary shares of Coatings will be posted
by registered post to certificated Barloworld ordinary shareholders, at the risk
of the certificated Barloworld ordinary shareholders concerned, and
dematerialised Barloworld ordinary shareholders will have their accounts at the
CSDP or broker updated with the ordinary shares of Coatings on Monday, 10
December
Notes:
The abovementioned times and dates are South African times and dates and are
subject to change. Any such change will be released on SENS and published in
the press.
Barloworld ordinary shareholders may not dematerialise or re-materialise their
Barloworld ordinary shares between Monday, 3 December 2007 and Friday, 7
December 2007, both days inclusive.
6 Pro forma financial effects of the unbundling
The illustrative pro forma financial effects set out below have been prepared to
assist Barloworld ordinary shareholders to assess the impact of the unbundling
on the earnings per share ("EPS"), headline earnings per share ("HEPS") and net
asset value ("NAV") and tangible net asset value ("TNAV") per Barloworld
ordinary share. The material assumptions are set out in the notes following the
table, and include the payment of an indebtedness to Barloworld of an inter-
company amount of R900 million. Due to the nature of the pro forma financial
effects, they may not fairly present the Barloworld Group's financial position
after the unbundling, nor the effect on the Barloworld Group's future earnings.
The pro forma financial effects are the responsibility of the Barloworld board
and are provided for illustrative purposes only.
Impact on Barloworld
Barloworld Barloworld
after the after the
unbundling unbundling change
of PPC of %
Coatings
(cents) (cents)
EPS 3251 2742 (16)
HEPS 4041 3522 (13)
NAV per 5 0813 5 0964 0
Barloworld
ordinary
share
TNAV per 3 8863 3 9514 2
Barloworld
ordinary
share
Impact on Barloworld ordinary shareholders
Barloworld Barloworld Coatings Barloworld
after the after the earnings/ after the
unbundling unbundling value per unbundling
of PPC of Coatings Barloworld combined change
share %
(cents) (cents) (cents)
EPS 3251 2742 555 329 1
HEPS 4041 3522 555 407 1
NAV per 5 0813 5 0964 2716
Barlowor 5 367 6
ld
ordinary
share
TNAV per 3 8863 3 9514 2216
Barlowor 4 172 7
ld
ordinary
share
Notes:
1. The EPS and HEPS, as set out in the "Barloworld after the unbundling of
PPC" column of the table, have been extracted from the PPC unbundling circular,
are based on the results of the Barloworld Group for the six months ended 31
March 2007 and have been calculated based on a weighted average of 201 686 000
Barloworld ordinary shares in issue for the period to 31 March 2007.
2. The EPS and HEPS, as set out in the "Barloworld after the unbundling of
Coatings" column of the table, have been calculated on the earnings of
Barloworld excluding Coatings, based on a weighted average of 201 686 000
Barloworld o | |