· AGM Notice: BNC
· Dividend Declaration: NMBZ
· Compliance Notice: PPC
· Secretary Appointment: Khaya Cement Limited
· Circular to Shareholders: FBCH
· Full-year Financial Results: StarAfrica
Harare - AGM Notice: BNC
VFEX listed Bindura Nickel Corporation Limited announced that it will hold its 57th Annual General Meeting (AGM) virtually on Thursday, 28 September 2023 at 0900hrs.
Dividend Declaration: NMBZ
NMBZ declared an interim dividend of ZWL556 cents per share for the half-year ended 30 June 2023 payable in respect of all the ordinary shares of the Company registered at the close of business on 22 September 2023. The dividend will be paid on or about 27 October 2023, with shares trading cum-dividend on ZSE up to 19 September 2023 and ex-dividend from 20 September 2023.
Compliance Notice: PPC
Pretoria Portland Cement Company Limited (PPC) announced that it has published its annual compliance report on the Company’s website (https://www.ppc.africa/sustainability/transformation/). The Company is mandated to publish the compliance report by Listing Requirements of the JSE Limited, in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003, read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013.
Secretary Appointment: Khaya Cement Limited
The Directors of Khaya Cement Limited announced the appointment of Mr. Arnold Zivanayi Chikazhe as Company Secretary and Legal Advisor effective 01 September, 2023. Mr. Chikazhe has acted as the Company Secretary of the Company since 27 May, 2022.
Circular to Shareholders: FBCH
FBCH invites its shareholders to an Extraordinary General Meeting (EGM) to be held physically in the Kariba Room, Holiday Inn Harare, Samora Machel Avenue and Fifth Street, and virtually via the link https://polling.fts-net.com/ on 28 September 2023, at 1230 hours. The EGM is aimed to seek approval for the acquisition by FBC Holdings Limited of all of the issued ordinary shares of Standard Chartered Bank Zimbabwe Limited and the entire beneficial interest in the Africa Enterprise Network Trust for a cash consideration.
Full-year Financial Results: StarAfrica
In the full-year ended 31 March 2023, Star Africa recorded a 30% growth in inflation adjusted turnover, from ZWL38.5 billion in the prior year to ZWL50.1 billion. The increment was attributed to a strong demand for all the Group’s products during the year under review. However, the Company’s failure to contain cost of sales and operating costs significantly weighed on its gross profit and operating profit, leading to a -93% decline in operating profit from ZWL5 billion in the prior year to ZWL0.4 billion. At the Goldstar Sugars division, sales volumes of granulated sugar produced by GSS were stagnant at 82,321 tonnes against 82,500 tonnes sold in the prior year and this was due to pressure from imports after promulgation of Statutory Instrument 98 of 2022 along with power outages which impacted production. At the Country Choice Foods segment, sales volumes increased by 9%, from prior year’s 1,879 tonnes to 2,048 tonnes owing to an improvement in the production of sugar specialties, from 1,920 tonnes last year to 2,140 tonnes. In the Properties Business, rental income grew from ZWL162.2 million in the prior year to ZWL337.5 million. The associate, Tongaat Hulett Botswana, recorded a profit for the period under review of ZWL958.1million, with the Company’s share being ZWL319.4million after converting into ZWL at the Auction exchange rate as at 31 March 2023.
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