Apr 20, 2018 OML.zw | UPDATE ON MANAGED SEPARATION TIMETABLE AND PUBLICATION OF SHAREHOLDER DOCUMENTATION

OLD MUTUAL UPDATE ON MANAGED SEPARATION TIMETABLE AND PUBLICATION OF SHAREHOLDER DOCUMENTATION


Old Mutual plc’s 2017 Annual Results announcement of 15th March 2018 included information of the further steps required to effect its strategy of managed separation. Old Mutual plc has today published a circular (the “Circular”) to its shareholders including proposals regarding the final processes needed to complete its managed separation. The Circular will be available at: www.oldmutualplc.com. In addition, Old Mutual Limited (“OML”) has also published its pre-listing statement (the “OML PLS”), which will be available at www.oldmutual.com, and Quilter plc (“Quilter”) has published its listing prospectus (the “Quilter Prospectus”), which will be available at https://www.oldmutualwealth.co.uk/quilter/investor-relations/.


OML and Nedbank Group Limited (“Nedbank”) have also signed their relationship agreement (“Relationship Agreement”) to govern the terms of the relationship upon completion of managed separation and replace the historic relationship agreement between Old Mutual plc and Nedbank. The Relationship Agreement will be available online at www.oldmutualplc.com and www.nedbankgroup.co.za and in physical form at OML’s offices at Mutualpark, Jan Smuts Drive, Pinelands, 7405, and Nedbank’s head office at 135 Rivonia Road, Sandown, 2196, South Africa.


The proposals to finalise the managed separation require Old Mutual plc shareholder and UK Court approvals. If the proposals are approved by shareholders and the UK Court, and upon listing of the relevant securities as set out in the summarised timetable below, for every three Old Mutual plc shares held shareholders will receive:


• one ordinary share in Quilter (formerly Old Mutual Wealth); and
• three ordinary shares in Old Mutual Limited (the new holding company of Old Mutual Emerging Markets, the holding in Nedbank, and residual Old Mutual plc),
and shareholders will no longer hold any shares in Old Mutual plc, which will be delisted.
It is proposed that the managed separation is finalised in three principal steps, as follows:

Read More

Apr 20, 2018 OML.zw | Publication of Pre-listing Statement and expected listing date announced

Publication of Pre-listing Statement and expected listing date announced

OML has published its pre-listing statement (“PLS”) in connection with the proposed admission of ordinary shares in OML to a primary listing on the Johannesburg Stock Exchange (“JSE”). It is expected that the listing will take place on 26 June 2018 following receipt of the requisite approvals, including approval by Old Mutual plc shareholders.


It is expected that OML will also have a standard listing in the United Kingdom and will trade on the London Stock Exchange’s (“LSE”) main market for listed securities, and secondary listings on the Malawi Stock Exchange (“MSE”), the Namibian Stock Exchange (“NSX”) and the Zimbabwe Stock Exchange (“ZSE”).


In March 2016, Old Mutual plc announced that the long-term interests of its shareholders and other stakeholders would be best served by separating the four businesses then owned by the Old Mutual plc Group from each other so that they could operate as fully independent businesses. This was described as a “Managed Separation”. As part of Managed Separation, OML, the sub-Saharan African insurance, savings and asset management business, will become an independently-listed, standalone Group, and publication of the PLS is an important step in this process.

Read More

Apr 17, 2018 DLTA.zw | Trading Update For The Fourth Quarter And Full Year Ended 31 March 2018

Details:

The Company today issues an update for the fourth quarter and full year ended 31 March 2018. The quarter registered strong consumer demand, a continuation of the positive trends witnessed in the previous quarter. There were pronounced product supply gaps occasioned by the challenges in acquiring imported raw materials and services as the access to foreign currency has become increasingly difficult.

Lager beer volume grew 51% above prior year for the quarter and 27% for the full year. Sparkling beverages volume increased by 49% over prior year for the quarter and 15% for the twelve months. This beverage category has a significant import requirement and hence it will be more adversely affected by the ongoing foreign currency challenges.

The Sorghum beer volume for Zimbabwe grew by 8% above prior year for the quarter and 2% for the full year. There were some considerable disruptions to the supply of Chibuku Super due to capacity limitations impacting suppliers of key packaging materials. Our new Zambian subsidiary, National Breweries Plc (Natbrew Plc) registered a 21% growth for the quarter on improved product supply.

Group revenue increased by 52% (45% excluding Natbrew Plc) for the quarter and is up 18% for the full year (17% excluding Natbrew Plc). Natbrew Plc was acquired effective 1 January 2018.

The Group’s full year financial results are expected to be published on 10 May 2018.

REMINDER ON CAUTIONARY STATEMENT
Shareholders are reminded that the Company is trading under a cautionary issued with respect to the notice received from the Coca-Cola Company (TCCC) advising of an intention to terminate the Bottler’s Agreements with the Group entities (Notified Intention). This followed the merger of AB InBev and SABMiller Plc in October 2016 and the subsequent agreement in principle reached between TCCC and AB InBev to explore options to restructure the bottling operations in a number of countries. The discussions amongst the parties are ongoing.

DIVIDEND NOTICE TO SHAREHOLDERS
NOTICE is hereby given that the Board of Directors has declared a Final Dividend, number 119, of US2,70 cents per share payable in respect of all the qualifying ordinary shares of the Company to be paid out of the profits for the current financial year. This will be payable to shareholders registered at the close of business on 27 April 2018. The dividend will be paid by direct transfers or other approved forms of payment as per the following timetable. This will bring the current financial year’s dividend to US 7,2 cents.


Announcement Date 17 April 2018
Last Date to Trade – cum dividend 24 April 2018
Share Trade Ex Dividend 25 April 2018
Last Record Date (LDR) 27 April 2018
Payment Date 3 May 2018
Dividend Amount US$33.5 million

Trading Update 31 March 2018

Apr 16, 2018 PPC.zw | Changes to the Board of Directors

CHANGES TO THE BOARD OF DIRECTORS OF PPC (“BOARD”)
PPC shareholders are referred to the announcement published on the Stock Exchange News Service on 22 February 2018 regarding alignment of the Board composition with its strategic priorities. In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board wishes to inform shareholders of the following changes to the Board.


Appointments of Non-executive Directors to the Board
The Board is pleased to announce three new appointments to the board, with immediate effect.


The first appointment is that of Mr Ignatius Sehoole as non-executive director and member of the audit committee of PPC.
 Mr Sehoole is a Chartered Accountant with a Management diploma from Ashridge College in the UK. He brings a wealth of leadership and management experience spanning over 30 years. He is the former Executive President of SAICA and is currently a non-executive Director at SacOil/Efora Holdings Limited since 2013, where he serves as the chairman of the Investment Committee, member of the Audit Committee and member of the Social and Ethics Committee. He is also a non-executive Director at Old Mutual Group Holdings and Chairman of its Audit Committee, as well as a member of the Risk Committee. He serves on the Specialist Committee on Company Law and the Chairman of CAPIM.


The board has also resolved to appoint Advocate Mojankunyane Gumbi to the Board as non-executive director of PPC.
 Advocate Gumbi is a human rights lawyer in South Africa. She has practiced as both an Attorney and later Advocate, since 1984 and served as a Special Advisor in the Presidency during both the Mandela and Mbeki administration where she acted as a key negotiator in the resolution of conflicts in Lesotho, Democratic Republic of Congo, Burundi, Comoros, Cote d’Ivoire and Zimbabwe. She serves and has served on the boards of many companies, trusts and philanthropic associations including the Nelson Mandela Children’s Fund, the Open Society Foundation, LexisNexis, the Southern African Political and Economic Trust (SAPES), the Black Lawyers Association and the Thabo Mbeki Foundation. Advocate Gumbi holds two law degrees, one from the University of the Witwatersrand (LL.B, conferred in 1984) and another from the University of Limpopo (B.Proc, conferred in 1982), both in South Africa. She also has a certificate in Trial Advocacy from the University of Texas at Austin, and completed two modules on international economics with the London School of Economics.

The third appointment to the board is that of Dr. Stephan Olivier who is appointed as non-executive director of PPC.
 Dr. Stephan Olivier has extensive experience serving as a Board member in various companies within the construction materials manufacturing and associated industries. He was the Chief Executive Officer of AfriSam (South Africa) (Pty) Ltd. until March 2017 and previously served as its Chief Operating Officer of Cement. He has held various positions within AfriSam, including that of Director in Marketing. Dr. Olivier also served as a non-executive Director of Tanga Cement Public Limited Company between May 2010 until March 2017 and as Chairman of its Remuneration Committee. Previously, he also held the position of Director Marketing and Technical Services at Holcim in South Africa. He holds a Ph.D in Biochemistry from the University of the Free State.


The Board welcomes the newly appointed non-executive directors and is looking forward to their contribution in their respective roles. In addition, the board also confirmed the following appointments to board committees:

• Ms Gobodo as chairman of the audit committee and member of the risk and compliance committee;

• Ms Mkhondo as member of the nominations and remuneration committees;

• Mr Ball as member of the investment committee; and

• Mr Moleketi as chairman of the nominations committee and a member of the remuneration and SET committee.

PPC Appointment of Directors

Apr 16, 2018 HCCL.zw | Withdrawal of Cautionary Statement

Details:

The Shareholders of Hwange Colliery Company Limited (“the Company”) and members of the public are advised that the company has suspended negotiations concerning a material transaction with an undisclosed party.

To this effect, the Company advises Shareholders that the cautionary statement published on 24 January, 19 February and 19 March 2018 is hereby withdrawn.

HCCL Cautionary Withdrawal

Apr 16, 2018 CBZ.zw | Final Dividend Notice

Details:

Date Announced :Monday, 16 April 2018
Dividend declared for the period :31 December 2017
Dividend Amount per share :0.25658 US cents
Dividend Record Date :04 May 2018
Last day to trade cum-dividend :30 April 2018
Dividend ex-date :02 May 2018
Dividend Status :Declared
Dividend Payment Date :11 May 2018
Tax Status :Gross
Withholding tax :10%
Scrip Dividend Offer :Nil
Scrip Dividend Offer Term :Nil

Apr 05, 2018 FML.zw | Dividend Announcement

Details:
- Date Announced :Thursday, 22 March 2018
- Dividend declared for the period :31 December 2017
- Dividend Amount per share :0.15 US cents
- Dividend Record Date :13 April 2018
- Last day to trade cum-dividend :10 April 2018
- Dividend ex-date :11 April 2018
- Dividend Status :Declared
- Dividend Payment Date :27 April 2018
- Tax Status :Gross
- Withholding tax :10%
- Scrip Dividend Offer :None

FML_Dividend_Announcement_04_Apr_18

Apr 05, 2018 FBC.zw | Dividend Announcement

Details:
- Date Announced :Thursday, 5 April 2018
- Dividend declared for the period :31 December 2017
- Dividend Amount per share :0.8417 US cents
- Dividend Record Date :20 April 2018
- Last day to trade cum-dividend :16 April 2018
- Dividend ex-date :17 April 2018
- Dividend Status :Declared
- Dividend Payment Date :24 April 2018
- Tax Status :Gross
- Withholding tax :10%
- Scrip Dividend Offer :Nil
- Scrip Dividend Offer Term :None

FBC_Dividend_Announcement_05_Apr_18

Apr 05, 2018 NICO.zw | Dividend Announcement

Details:
- Date Announced :Thursday, 5 April 2018
- Dividend declared for the period :31 December 2017
- Dividend Amount per share :0.096 US cents
- Dividend Record Date :20 April 2018
- Last day to trade cum-dividend :16 April 2018
- Dividend ex-date :17 April 2018
- Dividend Status :Declared
- Dividend Payment Date :27 April 2018
- Tax Status :Gross
- Withholding tax :10%
- Scrip Dividend Offer :Nil
- Scrip Dividend Offer Term :None

NICO_Dividend_Announcement_05_Apr_18

Apr 03, 2018 NMB.zw | Scrip Dividend Announcement

Details:
- Date Announced :Thursday, 22 March 2018
- Dividend declared for the period :31 December 2017
- Dividend Amount per share :0.36 US cents
- Dividend Record Date :6 April 2018
- Last day to trade cum-dividend :3 April 2018
- Dividend ex-date :4 April 2018
- Dividend Status :Declared
- Dividend Payment Date :9 May 2018
- Tax Status :Gross
- Withholding tax :10%
- Scrip Dividend Offer :Available
- Scrip Dividend Offer Term :1 Share for every 25 Shares Held

NMB_Scrip_Dividend_Announcement_03_Apr_18

Mar 29, 2018 CBZ.zw | Further Cautionary Statement

Further to the cautionary statement issued by the CBZ Holdings Limited Board on 28 February 2018, the Directors of CBZ Holdings Limited advise shareholders and other stakeholders that the regulatory matter which one of the Company’s subsidiary is involved in, is still under discussion and may, on finalization have an impact on the value of the Company’s shares.

The Directors of CBZ Holdings Limited advise the Company’s shareholders and members of the public to exercise caution and to consult their professional advisors when dealing in the shares of the Company until a further announcement is made. The Company’s shareholders and members of the public will be updated on the matter in accordance with the Zimbabwe Stock Exchange Listing Rules.

CBZ_Cautionary_Statement_-_29_Mar_2018

Media Centre

Apr 09, 2018 | Second ZSE statement on CFI suspension from Trading

09 April 2018

The notice issued by the Zimbabwe Stock Exchange (“ZSE”) dated 3 January 2018 on the...

March 29, 2018 | ZSE TOP 10 NOTICE

29 March 2018

The Zimbabwe Stock Exchange (ZSE) Top 10 index was reviewed in line with the ZSE...

Feb 01, 2018 | Market Data Products Pricing

01 February 2018

Click on the link below to download the Market Data Products Price list for 2018: Click...

Feb 01, 2018 | ZSE & SECZ Public Notice

01 February 2018

The Zimbabwe Stock Exchange (ZSE) and Securities and Exchange Commission of Zimbabwe (SECZ) draws your...

Jan 10, 2018 | ZSE Top 10 Constituents

10 January 2018

The Zimbabwe Stock Exchange (ZSE) has rolled out the ZSE Top 10 index with effect...

Jan 03, 2018 | ZSE statement on CFI suspension from Trading

10 January 2018

The Zimbabwe Stock Exchange (ZSE) hereby notifies the investing public of the suspension from trading...

Nov 29, 2017 | ZSE Market Data Policy

29 November 2017

The right to record and publish market data related to transactions on the Zimbabwe Stock...

Search

Contacts

For general information about the ZSE,share index, including registration, please contact us at:
  This email address is being protected from spambots. You need JavaScript enabled to view it.
  +263-4-886 830-5
  44 Ridgeway North, Highlands, Harare, Zimbabwe