SENS Announcements
| 21/02/2012 Skj - Sekunjalo Investments Limited - Notice To Shareholders |
SKJ SKJ - Sekunjalo Investments Limited - Notice to Shareholders Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: SKJ ISIN: ZAE000017893 ("Sekunjalo" or "the Company") NOTICE TO SHAREHOLDERS Shareholders are referred to the circular to shareholders dated 27 January 2012 ("the Circular") and to the ordinary and special resolutions set out in Annexure 1 thereto ("the Resolutions"). The Company hereby gives notice to shareholders in terms of section 60(4) of the Companies Act, No 71 of 2008 ("the Companies Act") that the Resolutions have been approved by the requisite majorities of Sekunjalo shareholders. The Resolutions approved by shareholders (as referred to above) include inter alia Special Resolution Number 2, in terms of which shareholders approved in terms of section 45(3)(a)(ii) of the Companies Act, the granting of financial assistance to two wholly-owned subsidiaries of the Company to facilitate the Company`s participation in a proposed black economic empowerment transaction undertaken by Pioneer Food Group Limited ("Financial Assistance"). Following approval of Special Resolution Number 2, on or about 9 February 2012 the board of directors of the Company ("the Board") adopted a resolution authorising the Company to provide the Financial Assistance (the "Section 45 Board Resolution"). The Board is satisfied that (1) immediately after providing the Financial Assistance the Company will satisfy the solvency and liquidity test as referred to in section 45(3)(b)(i) of the Companies Act, and that (2) the terms under which the Financial Assistance is to be given are fair and reasonable to the Company as referred to in section 45(3)(b)(ii). The Financial Assistance to be granted by the Company in terms of the Section 45 Board Resolution will exceed one-tenth of one percent of the Company`s net worth and the Company hereby provides notice of the Section 45 Board Resolution to shareholders in terms of the provisions of section 45(5) of the Companies Act. The Company does not have any employees represented by a trade union. Cape Town 21 February 2012 Sponsor PSG Capital Date: 21/02/2012 11:49:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 10/02/2012 Skj - Sekunjalo Investments Limited - Results Of The Annual General Meeting |
SKJ SKJ - Sekunjalo Investments Limited - Results of the annual general meeting SEKUNJALO INVESTMENTS LIMITED Incorporated in the Republic of South Africa (Registration number: 1996/006093/06) ISIN: ZAE000017893 JSE Share Code: SKJ ("Sekunjalo" or "the Company") RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that the requisite majority of shareholders approved all of the ordinary and special resolutions tabled at the Annual General Meeting of the Company held on 9 February 2012. Cape Town 10 February 2012 Sponsor PSG Capital Date: 10/02/2012 10:33:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 27/01/2012 Skj - Sekunjalo Investments Limited - Posting Of Circular To Shareholders |
SKJ SKJ - Sekunjalo Investments Limited - Posting of circular to shareholders SEKUNJALO INVESTMENTS LIMITED Incorporated in the Republic of South Africa (Registration number: 1996/006093/06) ISIN: ZAE000017893 JSE Share Code: SKJ ("Sekunjalo" or "the Company") POSTING OF CIRCULAR TO SHAREHOLDERS Shareholders are referred to the Company`s announcement, dated 9 December 2011, regarding the Company`s participation in the Pioneer Food Group Limited Broad-Based Black Economic Empowerment Transaction ("Pioneer Foods BEE Transaction"), referred to in that announcement as the Pioneer Foods Phase II Broad-Based Black Economic Empowerment Transaction. The Companies Act and the Listings Requirements of the JSE Limited do not require Sekunjalo to obtain shareholder approval in respect of the Pioneer Foods BEE Transaction, save that Sekunjalo shareholders are required to approve, in terms of section 44(3)(a)(ii) and section 45(3)(a)(ii) of the Companies Act, the financial assistance granted by Sekunjalo pursuant to the provisions of the Pioneer Foods BEE Transaction. Accordingly a circular has been posted to Sekunjalo shareholders today relating to the submission to Sekunjalo shareholders of: i.) a resolution in terms of section 44(3)(a)(ii) for the provision of financial assistance by Sekunjalo for the subscription for B Preference Shares in the share capital of a wholly-owned subsidiary of Sekunjalo; and ii.) a resolution in terms of section 45(3)(a)(ii) for the provision of financial assistance by Sekunjalo to two of its wholly-owned subsidiaries, for consideration and adoption by shareholders in terms of section 60 of the Companies Act, such resolutions being required pursuant to the terms of the Pioneer Foods BEE Transaction. Shareholders of the Company are referred to the circular which sets out the action required by them in respect of the circular. The salient dates in respect of the circular are as follows: Circular and annexures thereto posted to Friday, 27 January 2012 shareholders on Record date to determine which Friday, 3 February 2012 shareholders are entitled to vote on the shareholder resolutions in terms of the written consent / written instruction included in the circular Deadline for the exercise of voting rights Friday, 2 March 2012 by shareholders on the shareholder resolutions Shareholders are further advised that a copy of the circular may be obtained from the registered office of Sekunjalo and the Company`s transfer secretaries. A copy of the circular will also be available on Sekunjalo`s website (www.sekunjalo.com). 27 January 2011 Cape Town Sponsor PSG Capital Date: 27/01/2012 16:30:14 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 16/01/2012 Skj - Sekunjalo - Renewal Of Cautionary Announcement |
SKJ SKJ - Sekunjalo - Renewal of Cautionary Announcement Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: SKJ ISIN: ZAE000017893 ("Sekunjalo" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the SENS announcements dated 30 November 2011 and 9 December 2011 and are advised that the Company is still in negotiations, which if successfully concluded may have a material effect on the price of the Company`s securities. Accordingly shareholders are advised to continue exercising caution when dealing in the Company`s securities until a full announcement is made. Cape Town 16 January 2012 Sponsor PSG Capital Date: 16/01/2012 09:54:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 14/12/2011 Skj - Sekunjalo Investments Limited - Press Release |
SKJ SKJ - Sekunjalo Investments Limited - Press Release Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1996/006093/06) Share code: SKJ and ISIN: ZAE000017893 ("Sekunjalo" or "the Company") PRESS RELEASE SEKUNJALO ACQUIRES A STAKE IN PIONEER FOODS GROUP LIMITED IN A DEAL WORTH R95MILLION The deal enhances our investment holding company strategy and complements our existing food portfolio Sekunjalo Investments Limited ("Sekunjalo") today acquired a stake in Pioneer Foods Group Limited ("Pioneer Foods") worth more than R95million. This represents 0.75% of the listed Pioneer Foods. According to Sekunjalo`s CEO, Khalid Abdulla, the deal is significant for Sekunjalo and is perfectly aligned with the company`s strategy to diversify its business and enhance value through strategic and operational investments in key sectors of the economy. Abdulla says Sekunjalo has considered investing in the food sector for some time. "We believe the food sector will achieve significant growth over the medium to long term," says Abdulla. "One of Sekunjalo`s other food sector investments is Premier Fishing SA (Pty) Limited, which recently posted strong results during the last financial period. As an investments holding company, "Our investment in Pioneer Foods will not only complement our food portfolio but also complement our interests in the ICT, marine, healthcare, telecommunications and industrial sectors - all key growth sectors of the economy." Abdulla says Pioneer Foods is a significant player in the food sector, not only in SA, but in southern Africa. It is also a notable exporter. "Pioneer Foods has strong product lines including Bokomo, Ceres, Heinz etc. and consistently generates strong earnings and cash," according to Abdulla. After posting strong results for 2010 and 2011, Abdulla stated that Sekunjalo will continue its strategy of pursuing strategic acquisitions as a partner of choice. The company`s efforts in this regard are ongoing, according to Abdulla. Over the past three years Sekunjalo successfully acquired stakes in British Telecoms ("BT") and Swedish multinational company SAAB SA. Sekunjalo recently received a maiden dividend of R13m from our strategic investment in BT. This strategic investment, amongst others also compliments and builds on our successes of existing businesses, strategic holdings as well as the success in our operational businesses. "A key strategy is positioning Sekunjalo as a partner of choice. Key to the success of this strategy is our ability to add value to our existing business as well as the businesses we invest in," says Abdulla. Sekunjalo`s executives sit on the boards of SAAB, BT and Pioneer Foods. Abdulla also says "this deal firmly entrenches our position and paves the way for Sekunjalo to pursue interests to grow the asset base as well as increasing the company`s networks." Sekunjalo acquired the stake at a 5% discount of the market price under a special arrangement as part of Pioneer Foods B-BBEE strategy. Under the scheme there is a lock-in period. The deal is 90% vendor-financed with Sekunjalo funding the balance. "We are proud of our new acquisition and proud to be part of the Pioneer Foods Group" says Abdulla. For further comment, please contact Khalid Abdulla on 082 892 7889 or khalid@sekunjalo.com For media queries, please contact Kaveer on 082 928 0524 or kaveer@ubiquity.co.za Cape Town 14 December 2011 Sponsor PSG Capital Date: 14/12/2011 15:00:16 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 09/12/2011 Skj - Sekunjalo Investments Limited - Sekunjalo Concludes Investment In |
SKJ SKJ - Sekunjalo Investments Limited - Sekunjalo concludes investment in Pioneer Foods Phase Ii Broad-Based Black Economic Empowerment Transaction Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1996/006093/06) Share code: SKJ ISIN: ZAE000017893 ("Sekunjalo" or "the Company") SEKUNJALO CONCLUDES INVESTMENT IN PIONEER FOODS PHASE II BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION 1. INTRODUCTION 1.1 Sekunjalo is pleased to advise shareholders of its inclusion as a strategic Broad-based Black Economic Empowerment ("B-BBEE") partner in the second phase of Pioneer Food Group ("Pioneer Foods") B-BBEE strategy to introduce direct black ownership to Pioneer Foods ("Pioneer Foods Phase II B-BBEE Transaction"). The Pioneer Foods Phase II B-BBEE Transaction is structured to be broad-based, including an Education and Community Trust, black members of the board of the Company and strategic B-BBEE partners, which includes Sekunjalo ("the Transaction"). 1.2 The Transaction is subject to the fulfilment, inter alia, of the conditions precedent set out in paragraph 7 below, to facilitate a subscription for shares in the issued share capital of Pioneer Foods by black participants ("the Pioneer Foods Proposed Phase II B-BBEE Specific Issue"). The Pioneer Foods Proposed Phase II B-BBEE Specific Issue will involve the issue of shares equivalent to 13.55% of Pioneer Foods` ordinary issued share capital post-implementation of the Pioneer Foods Proposed Phase II B-BBEE Specific Issue ("enlarged issued share capital") to all the black participants. 2. THE PIONEER FOODS PROPOSED PHASE II B-BBEE SPECIFIC ISSUE 2.1 The Pioneer Foods Proposed Phase II B-BBEE Specific Issue is based on a 30 day volume weighted average share price ("VWAP") of R60.10 per Pioneer Foods ordinary share ("Ordinary Share") as at the close of trading on Friday, 02 December 2011 ("indicative market price"). The effective market price for the Transaction will be determined based on the 30 day VWAP price of Pioneer Foods Ordinary Shares on a future date ("effective market price"). The specific issue by Pioneer Foods to Sekunjalo will be made at a 5% discount to the effective market price (The Specific Issue"). 2.2 In terms of the Pioneer Foods Proposed Phase II B-BBEE Specific Issue, Sekunjalo will hold, through a ring-fenced SPV ("the Sekunjalo SPV") 1,589,998 Pioneer Foods Ordinary Shares, being 0.75% of Pioneer Foods` enlarged issued share capital. The approximate total combined subscription price payable by Sekunjalo in terms of the Specific Issue will amount to approximately R90,8 million based on the indicative market price. The Specific Issue to Sekunjalo takes place at a discount of 5%, effectively a discount of R4.8 million. 3. RATIONALE FOR THE TRANSACTION Sekunjalo is firmly established as the pre-eminent black empowerment group and is continuously looking for strategic opportunities. This relationship with Pioneer Foods is in line with the company`s strategy to become a partner of choice. Sekunjalo is in the food business through Premier Fishing SA (Pty) Ltd and this transaction compliments our portfolio in the food sector. We believe that the food sector will have significant growth over the medium to long term in South Africa and the rest of Africa. This further enhances our strategic thinking around building a diversified investment holding company. 4. BUSINESS OF PIONEER FOODS 4.1 Operating in the food and beverages business sectors, Pioneer Foods` core business is the production and distribution of a diverse range of food, beverages and related products. Focused on products for both human and animal consumption, Pioneer Foods is a significant player in these industries in southern Africa. 4.2 Employing more than 11 000 permanent employees, the Group has a leadership position in the staple foods segment with value-added quality products, and a diversified and expanding portfolio of premium household brands, across all market segments of the LSM categories. 4.3 The business operates through its four main divisions: 4.3.1 Sasko manufactures a range of affordable grain-based staple foods. In addition to wheaten and maize products, it also trades in rice, beans, lentils and dried vegetables and has one of South Africa`s largest bakery operations with bakeries and depots located throughout the country; 4.3.2 Bokomo Foods produce some of South Africa`s best-known breakfast cereals, rusks, biscuits, cake mixes, baking aids, instant mash potato, as well as dried fruit products, nuts, spreads, dehydrated vegetables and processed salads; 4.3.3 The Agri business produces poultry and animal feeds, chickens, eggs, processed egg and processed chicken-based products; and 4.3.4 The Ceres Beverage Company is one of the largest producers of fruit juices, carbonated soft drinks (including Pepsi, 7-Up, Mirinda and Mountain Dew) and fruit concentrate mixtures. 4.4 Within the Group there are a number of international joint ventures, the most notable of which is a 49.9% stake in Heinz Foods SA. The joint venture is between Pioneer Foods and HJ Heinz Company of the USA and operates in the condiments and convenient food markets` producing tomato sauces and ketchup, frozen foods, seafood tinned products, tinned food, instant meals and noodles. Bowman Ingredients South Africa is a 50% joint venture with Jas Bowman and Son in the UK` supplying food ingredients to South Africa`s large food producers. 4.5 Pioneer Foods is committed to and accountable for ethical conduct anchored in the core values of the Group and strongly subscribes to the principles of good corporate governance. The group strives to be an employer of choice and is committed to attraction, motivation, development and retention of talent. 5. DETAILS OF THE PIONEER FOODS PROPOSED PHASE II B-BBEE SPECIFIC ISSUE 5.1 The Pioneer Foods Proposed Phase II B-BBEE Specific Issue will be implemented through a specific issue of Ordinary Shares for cash by Pioneer Foods. 5.2 The Specific Issue will be issued by Pioneer Foods in terms of Pioneer Foods` articles of association (now referred to as the memorandum of incorporation in terms of the Companies Act 71 of 2008, as amended ("MOI")) and on the terms and conditions and with the rights and restrictions contained in the relevant subscription agreements ("the Subscription Agreements"). 5.3 The Subscription Agreements provide for a lock-in period of 7 years, during which time Sekunjalo will not be entitled to dispose of the Pioneer Foods Ordinary Shares subscribed to in terms of the Pioneer Foods Proposed Phase II B-BBEE Specific Issue. 5.4 The approximate total combined subscription price payable by Sekunjalo in terms of the Specific Issue will amount to approximately R90,8 million based on the indicative market price. Sekunjalo will be required to capitalise the Sekunjalo SPV with 55% of the subscription price payable. The Sekunjalo SPV will accordingly be capitalised by a total amount of R49,9 million consisting of 10% of Sekunjalo`s own funding and 45% third party funding from Rand Merchant Bank ("RMB") in the form of an A Preference Share subscription ("A Preference Share Subscription"). The A Preference Shares will be subscribed for on terms and conditions standard for transactions of this nature including the following terms: 5.4.1 A Preference Share dividends will accrue at an annual rate amounting to 75% of the prevailing prime interest rate on the outstanding principal A Preference Share Subscription amount and outstanding preference share dividends. 5.4.2 The A Preference Share Subscription will be structured as a capital bullet facility with the dividends on the A Preference Shares being serviced from dividends received by the Sekunjalo SPV in respect of the Pioneer Foods Ordinary Shares issued under the Pioneer Foods Proposed Phase II B-BBEE Specific Issue. 5.5 Pioneer Foods will subscribe for B Preference Shares in the Sekunjalo SPV for the balance of the subscription price payable by Sekunjalo amounting in total to R40,9 million ("the B Preference Shares") or 45% of the approximate combined total subscription price. The B Preference Shares will be subscribed for on the following terms and conditions: 5.5.1 B Preference Share dividends will accrue at an annual rate amounting to 90% of the prevailing prime interest rate on the outstanding principal B Preference Share subscription amount and outstanding preference share dividends ("the Preference Shares Balance"). 5.5.2 B Preference Share dividends will be rolled up as the dividends received by the Sekunjalo SPV on the Pioneer Foods Ordinary Shares issued to the Sekunjalo SPV under the Pioneer Foods Proposed Phase II B-BBEE Specific Issue, will be utilised against the RMB A Preference Share Subscription plus rolled up A Preference Share dividends first. 5.5.3 It is proposed that Pioneer Foods provide a guarantee to RMB, with a view to facilitating the provision of the RMB A Preference Share Subscription to the Sekunjalo SPV. 6. EFFECTIVE DATE The Transaction will become effective on the date all conditions precedent to the Transaction are fulfilled, as set out in paragraph 7 below. 7. CONDITIONS PRECEDENT TO THE PIONEER FOODS BEE SPECIFIC ISSUE 7.1 The Pioneer Foods Proposed Phase II B-BBEE Specific Issue will be subject to the conditions precedent inter alia as set out below: 7.1.1 The shareholders of Pioneer Foods in a general meeting pass the ordinary and special resolutions required to approve and implement the Pioneer Foods Proposed Phase II B-BBEE Specific Issue; 7.1.2 The successful completion of a due diligence investigation by Pioneer Foods into Sekunjalo and the Sekunjalo SPV; 7.1.3 Pioneer Foods confirming that it is satisfied with the BEE rating placed on the Pioneer Foods Proposed Phase II B-BBEE Transaction by a verification agency 7.1.4 All transaction agreements being entered into and becoming unconditional; and 7.1.5 The unconditional approval to the extent necessary, by all regulatory authorities having jurisdiction in respect of the Pioneer Foods Proposed BEE Specific Issue, including the JSE, be obtained or, is such approvals are conditional, on such conditions as are acceptable to the parties, acting reasonably, affected thereby. 8. CLASSIFICATION OF THE TRANSACTION AND RELATED MATTERS This announcement is a voluntary announcement to shareholders in terms of the Listings Requirements of the JSE Limited as the Transaction for categorisation purposes is less than 5% of Sekunjalo`s market capitalisation. 9. UPDATE ON CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement dated 30 November 2011 and are advised that the Sekunjalo is still in negotiations other than the Pioneer Foods transaction detailed in this announcement, which if successfully concluded may have a material effect on the price of the Company`s securities. Accordingly shareholders are advised to continue exercising caution when dealing in the Company`s securities until a full announcement is made. Cape Town 9 December 2011 Sponsor PSG Capital (Pty) Limited Date: 09/12/2011 13:05:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 30/11/2011 Skj - Sekunjalo Investments Limited - Renewal Of Cautionary Announcement |
SKJ SKJ - Sekunjalo Investments Limited - Renewal of cautionary announcement Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) Registration number 1996/006093/06 Share code: SKJ ISIN: ZAE000017893 ("Sekunjalo" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement dated 19 October 2011 and are advised that the company is still in negotiations, which if successfully concluded may have a material effect on the price of the Company`s securities. Accordingly shareholders are advised to continue exercising caution when dealing in the Company`s securities until a full announcement is made. Cape Town 30 November 2011 Sponsor PSG Capital Date: 30/11/2011 15:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 30/11/2011 Skj - Sekunjalo Investments Limited - No Change Statement, Posting Of The |
SKJ SKJ - Sekunjalo Investments Limited - No Change statement, posting of the Integrated Report and notice of Annual General Meeting SEKUNJALO INVESTMENTS LIMITED Incorporated in the Republic of South Africa (Registration number: 1996/006093/06) ISIN: ZAE000017893 JSE Share Code: SKJ ("Sekunjalo" or "the Company" or "the Group") NO CHANGE STATEMENT, POSTING OF THE INTEGRATED REPORT AND NOTICE OF ANNUAL GENERAL MEETING NO CHANGE STATEMENT AND POSTING OF THE INTEGRATED REPORT Further to the publication of the detailed results announcement on SENS on Thursday, 3 November 2011, of Sekunjalo`s Audited Group Results for the year ended 31 August 2011, Sekunjalo advises that its 2011 Integrated Report, which incorporates the Audited Annual Financial Statements for the period, will be dispatched to shareholders today, 30 November 2011 and contains no modifications from the aforementioned SENS announcement. The Integrated Report will also be made available on the Company`s website at www.sekunjalo.com. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of Sekunjalo will be held at Sekunjalo Head Office, Premier Fishing, Quay 7, East Pier, VandA Waterfront on Thursday, 9 February 2012 at 15h00, to transact the business as set out in the notice of Annual General Meeting which forms a part of the Integrated Report of the Company. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the Annual General Meeting will be Friday, 3 February 2012, with the last day to trade being Friday, 27 January 2012. 30 November 2011 Cape Town Sponsor PSG Capital Date: 30/11/2011 11:40:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 24/11/2011 Skj - Sekunjalo Investments Limited - Sekunjalo Secures R1bn Government |
SKJ SKJ - Sekunjalo Investments Limited - Sekunjalo secures R1bn government deal to accelerate broad-based participation in the maritime sector Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1996/006093/06) Share code: SKJ ISIN: ZAE000017893 ("Sekunjalo" or "the Company" or "the Group") SEKUNJALO SECURES R1BN GOVERNMENT DEAL TO ACCELERATE BROAD-BASED PARTICIPATION IN THE MARITIME SECTOR A consortium led by Sekunjalo has been awarded a five-year contract worth an estimated R1 billion by the Department of Agriculture, Forestry and Fisheries. The deal is expected to accelerate broad-based participation in Cape Town`s maritime industry, which to date is highly concentrated. Under the deal, the consortium, which includes Sekunjalo Industrial Holdings (a subsidiary of Sekunjalo) and ship-building company KND, will conduct technical maintenance, infrastructure and personnel support to eight state-owned research and patrol vessels including the Algoa, the Ellen Khuzwayo and the Sarah Baartman for a five-year period. Sekunjalo CEO Khalid Abdulla says the contract is a significant business deal for Sekunjalo and will create value for the Group`s current business operations. In addition, Sekunjalo`s Chairman Dr Iqbal Surve says the deal will accelerate much-needed enterprise development and skills transfer in technical areas of the maritime industry, where barriers to entry have previously been high. Our goal is to provide as many job opportunities through this deal as possible." Minister of Agriculture, Forestry and Fisheries, Tina Joemat-Pettersson says the contract is the first of its kind awarded to a Black-owned company, which traditionally, shied from technical areas of South Africa`s maritime sector. "I am confident that Sekunjalo Industrial Holdings has the requisite skills and capabilities to fulfil this contract based on its fleet management experience and its experience in managing maintenance projects on international vessels." Abdulla, says Sekunjalo Industrial Holdings is one of the only Black-owned companies on the continent with the requisite technical and engineering expertise to manage a contract of this magnitude." Today, Sekunjalo not only manages technical maintenance of its own fleet, but conducts maintenance and provides technical services to vessels from around the world. Abdulla says acquiring technical expertise and getting the right people in the maritime maintenance is no mean feat. "We will not only provide technical support and expertise, but also financing to smaller businesses. We have a moral obligation to promote enterprise development in this industry." According to Abdulla, Sekunjalo will outsource a material portion of the deal to smaller businesses. He says this is perfectly aligned with Sekunjalo`s ethos to promote broad-based participation in the sectors of the economy that has been inaccessible to previously disadvantaged individuals. "This is central to Sekunjalo`s business philosophy which promotes job creation and the transfer of skills. Surve says "This is central to Sekunjalo`s business philosophy which favours labour-intensive industries that not only promotes employment, but also provides sustainable job opportunities." Minister Joemat-Pettersson says she applauds Sekunjalo`s attempt to open up the sector to SMMEs. "Not only will many Black SMME`s benefit from this deal, it will also accelerate sustainable broad-based participation in the maritime industry, which can create many job opportunities." Surve urges all companies involved in the maritime sector, individuals with technical expertise and engineers who have not necessarily been involved in the maritime industry, to contact Sekunjalo. While Sekunjalo is in the process of developing a database of suppliers, the company is finalising a service level agreement with the Department of Agriculture, Forestry and Fisheries. Cape Town 24 November 2011 Sponsor PSG Capital Date: 24/11/2011 16:50:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
| 15/11/2011 Skj - Sekunjalo Investments Limited - Sekunjalo Sues Former Director Kevin |
SKJ SKJ - Sekunjalo Investments Limited - Sekunjalo sues former director Kevin Patel and holds him accountable for historic losses Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1996/006093/06) Share code: SKJ and ISIN: ZAE000017893 ("Sekunjalo" or "the Company" or "the Group") PRESS RELEASE 15th November 2011 Cape Town SEKUNJALO SUES FORMER DIRECTOR KEVIN PATEL AND HOLDS HIM ACCOUNTABLE FOR HISTORIC LOSSES The board of Sekunjalo Investments Limited ("Sekunjalo") and the board of Premier Fishing SA (Pty) Ltd ("Premier Fishing") wishes to announce that it has sued a former director of Sekunjalo Investments Ltd and the former Chief Executive of Premier Fishing for damages amounting to R64 916 795. Premier Fishing instituted legal action in the Western Cape High Court on 17 June 2011, against two former executive employees, jointly and severally, for the recovery of damages suffered due to their alleged breach of contract, in the total amount of R64 916 795. Pleadings are in the process of being filed, and it is anticipated that the matter will be heard during 2013. The company has sued Mr Kevin Patel and one other after extensive consultation with its employees, shop stewards and the Food and Allied Workers Union. Furthermore, the company also announces that it is considering doing a forensic investigation into transactions entered into by management whilst Mr Patel was the Chief Executive Officer of Premier Fishing. These transactions include Mauritian fish trading firms, credit card transactions by various personnel in breach of company policy, possible fraudulent activity and mismanagement. The company has initiated this investigation after an extensive due diligence into the financial and other transactions that took place at the time of Mr Patel`s tenure as Chief Executive Officer of Premier Fishing. Premier Fishing suffered these losses in the 2008 financial year and these losses were provided for in full during that year and it will have no negative impact on the Group`s current and future results. The company is determined to hold past executives accountable for their actions and will pursue these vigorously. The relevant board of Directors felt obliged to act in this manner against the executives from a governance perspective as well as after considering the views of all the above stakeholders. Ends....... Contact: Adri Senekal Stakeholder Relations Tel: 021 427 1400 Cell: 082 944 4455 Sponsor PSG Capital Date: 15/11/2011 09:02:27 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |