Jan 28, 2019 FCA.zw | Withdrawal of Cautionary Statement

Further to the Cautionary Statements issued by the Board with effect from 14 September 2018 and last renewed on 31 December 2018, the Board advises shareholders and members of the public that the proposed unbundling of the Company’s non-core banking properties into a separate entity to be listed on the Zimbabwe Stock Exchange has been placed on hold.

Accordingly, shareholders and the investing public are advised to take note of the withdrawal of the Cautionary Statements.

FCA_Withdrawal_of_Cautionary_Statement_-_28_Jan_2019

Jan 25, 2019 MEIK.zw | Amendment of Scrip Dividend Timetable

The Directors of Meikles Limited would like to advise  that the Scrip Dividend timetable has been amended   to allow time to shareholders who could not follow their rights due to the business interruption experienced last week. Please note that all the other material information remains the same , save for the timetable:

Revised Timetable:

Last time and date of receipt of forms of election 1600 hours, 1 February 2019
Share certificate and dividend warrants mail on or about 8 February 2019
First day of dealing in new shares 8 February 2019

MEIK_Dividend_Announcement_25_Jan_19

Jan 22, 2019 DLTA.zw | Dividend Announcement

Details:
- Date Announced :Tuesday, 15 January 219
- Dividend declared for the period :31 March 2019
- Dividend Amount per share :2.5 US cents
- Dividend Record Date :25 January 2019
- Last day to trade cum-dividend :22 January 2019
- Dividend ex-date :23 January 2019
- Dividend Status :Declared
- Dividend Payment Date :13 February 2019
- Tax Status :Gross
- Withholding tax :10%
- Scrip Dividend Offer :Nil
- Scrip Dividend Offer Term :Nil

DLTA_Dividend_Announcement_15_Jan_19

Jan 17, 2019 BIND.zw | Renewal Of Cautionary Statement

Shareholders are referred to the Cautionary Statement published on 19 December 2018 advising that the ultimate holding company of BNC, Asa Resource Group Plc (currently under Administration), has entered into a Sale and Purchase Agreement (“SPA”) with a third party in relation to the 74.73% shareholding in BNC. The conditions of the SPA include various regulatory approvals and other conditions as expected with a transaction of this nature. The third party is a UK based nickel company with complementary interests in Southern Africa.


Shareholders are advised to continue exercising caution when dealing in the Company’s securities until a full announcement is made.

BIND Second Cautionary Statement(Asa CMI SPA)Jan2019

Jan 11, 2019 DLTA.zw | Trading Update

TRADING ENVIRONMENT
Demand for the Company’s products was buoyant driven by consumer perception of favourable pricing as the Company has maintained stable prices since 2013.

The economy experienced resurgent inflation spurred by the market reaction to the changes in the monetary and fiscal policies announced in October 2018. This triggered price hikes premised on factoring in foreign currency premiums.

The acute shortage of foreign currency led to disruptions to business operations particularly the soft drinks business. The Board is concerned about the company’s ability to meet its foreign currency obligations and access to imported raw materials. It is hoped that the ongoing engagements with key stakeholders will result in improved access to foreign currency.

VOLUME PERFORMANCE
Lager beer volume grew by 27% over prior year for the quarter and is up 43% for the nine months. The business has endeavoured to meet the high consumer demand in spite of the challenges in accessing some imported raw materials and services.

The Sorghum beer volume in Zimbabwe grew by 15% above prior year for the quarter and 6% for the nine months. There were supply gaps due to frictional shortages of packaging materials and extended plant breakdowns mostly occasioned by lack of foreign currency for spares and contractual services. Chibuku Super contributed 85% of the volume.

National Breweries Plc - Zambia (Natbrew Plc) recorded a volume growth of 4% for the quarter and 9% for the nine months. There are positive volume trends following the relaunch of Chibuku Super in the 1,25 litre pack.

The Sparkling beverages volume declined by 66% compared to prior year for the quarter and decreased by 26% for the nine months. There were extended production stoppages arising from limited access to foreign currency required for importing key raw materials and the failure to clear arrear payments to The Coca Cola Company.

Group revenue increased by 5% for the quarter and 24% (19% organic growth) for the nine months reflecting the growth in the beer businesses which was weighed down by depressed outturn in soft drinks. The business remains profitable and continues to generate positive cash flows. There is however need to note the disruptions to operations arising from limited access to foreign currency.

ACQUISITION OF UNITED NATIONAL BREWERIES (PTY) LIMITED SA
The company announced on 21 December 2018 that it had entered into binding agreements to acquire the 100% stake currently held by Diageo Plc in United National Breweries Proprietary Limited (South Africa), (UNB). UNB is the leading brewer of traditional beer and owns the Chibuku brand in that country. The transaction is expected to close in the first half of 2019 and is subject to regulatory approvals in Zimbabwe and South Africa.

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.

DLTA_Trading_Update_-_11_Jan_2019

Jan 10, 2019 BRDR.zw | Trading Update for the 5 Months to November 2018

The Judicial Manager of Border Timber Limited, Peter Lewis Bailey, issued the following trading update:

    Unaudited 5 Months to 30 Nov 2018
Production Volume    
Poles 6 157
Lumber 27 236
Sales Volume    
Poles 7 237
Lumber 30 029
Financial Performance    
Revenue   $ 11 062 926
Profit before tax   $ 3 680 628
Cash profit before tax, after adjusting for non-cash items   $ 4 486 617

Unaudited November 2018 Production and Sales Volumes

Lumber numbers reflect positive growth on both production and sales compared to comparable period November 2017 due to increased demand on the local and export markets.

Treated poles on the other hand reflect a decline in both production and sales due wet spell experienced in the first two months of the financial year which resulted in low production. The low production had a knock-on effect on the sales thereby resulting in delays in fulfilling the order book.

Financial performance

Revenue saw positive improvement compared to prior comparable period mostly driven by lumber sales.

Update on ICSID proceedings

Further to the Cautionary Statement published on 12 November, 2018, the final decision in the international arbitration proceedings between the Company, other private parties and the government of Zimbabwe pending at the International Centre for Settlement of Investment Disputes (“ICSID”) (“the ICSID proceedings”) was delivered on 21 November 2018 in favour of the Company and other private parties.

The Judicial Manager is considering various options and taking advice with regard to the ICSID award. Shareholders will be updated in more detail in due course. Meanwhile, shareholders are advised to exercise caution in dealing with the Company’s shares.

Board of directors

Messrs T. Hoegh and C. Ravizza have been appointed to the Board of Directors from 15th November, 2018 and Messrs S. Mattinson and M. Manga have resigned with effect from 15th December, 2018 and 9th January, 2019 respectively.

BRDR_Trading_Update_-_10_Jan_2019

Jan 08, 2019 LACZ.zw | Executive Appointment

Lafarge Cement Zimbabwe Limited announced the appointment of Kaziwe Siame Kaulule as the Company's new Chief Executive Officer with effect from 1 January 2019.

Kaziwe takes over from Amal Tantawy Emam Naiel, who left the organization to pursue other personal interests after being at the helm of Lafarge Cement Zimbabwe Limited for five years. 

LACZ_Executive_Appointment_-_10_Jan_2019

Jan 08, 2019 MEIK.zw | Notice to Shareholders

The Directors of Meikles Limited would like to advise shareholders that Wide Free Investments t/a Core Solutions proceeded to auction certain assets of the Group, on the 24 December 2018. The assets relate to Meikles Limited’s investments in Tanganda Tea Company Limited and Meikles Hospitality (Private) Limited.  This auction is being contested in the Supreme Court, the outcome of which is pending. The attachment and subsequent auctioning of the assets was as a result of a heavily contested arbitral award of $1.5 million to Core Solutions. This matter is before the Court under case number (SC 988/18).

In addition to contesting the auction in the Supreme Court, Meikles Limited has appealed against the arbitral award in the High Court. The outcome of the appeal against the arbitral award is pending.

The  Meikles Limited Board has put other measures in place to ensure Company assets are safe and shareholder value is protected.

MEIK_Notice_to_shareholders_08_Jan_2019

Dec 31, 2018 ARIS.zw | Audited Financial Results FY18

Financial Highlights:
- Revenue $ 14 130 164
- Gross profit $ 5 063 576
- Profit from operations $ 3 768 985
- Profit before interest and taxation $ 4 743 875
- Profit for the year $ 2 854 119
- Dividend Nil
- Total comprehensive income for the year $ 2 854 119
- Basic earnings per share $ 0.0018
- Diluted earnings per share $ 0.0018

zw_ARIS_AO_18   zw_ARIS_2018_FY

Dec 31, FCA.zw | Further Cautionary Statement

Shareholders are advised that the First Capital Bank Limited Board of Directors has approved, subject to regulatory and other approvals, including but not limited to the final approval by the Reserve Bank of Zimbabwe, the unbundling of the Company’s non-core banking properties into a separate entity to be listed on the Zimbabwe Stock Exchange. The primary asset included is the Company’s 50% shareholding in a property holding company called Makasa Sun (Private) Limited. Shareholders will be provided with more details in due course.

Accordingly, shareholders and the investing public are advised to exercise caution and should consult their professional advisors when dealing with the Company’s shares.

Dec 31, 2018 ZIMW.zw | Group CEO Change

The Board of Zimplow Holdings advises Stakeholders that Mr Mark Hulett will be leaving the Group at the end of this year to pursue and grow his consultancy business and to allocate more time to the agricultural projects he is involved in.

Pursuant to the above, the Board has appointed Mr Vimbayi Nyakudya, the current Chief Finance Officer, as Group CEO effective 1st January 2019.

ZIMW_Group_CEO_Change_-_31_Dec_2018

Media Centre

Feb 05, 2019 FALG.zw | Statement by the Zimbabwe Stock Exchange

05 February 2019

The Zimbabwe Stock Exchange Limited (“ZSE”) hereby notifies the investing public of the voluntary suspension...

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