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Senwes Shares Overview
Updated Share Repurchase Programme 2023 Announcement
On 17 October 2023, the Senwes Board of directors approved an amendment to the Repurchase Programme to increase the purchase consideration per Senwes share to R19,83 as well as the number of shares to be repurchased. The maximum aggregate amount that will be paid as the repurchase consideration in terms of the Repurchase Programme will be R200 million, regardless of the number of Senwes shares repurchased. The maximum aggregate number of Senwes shares repurchased, regardless of the aggregate repurchase consideration paid, will be equal to 5,6% (five comma six percent) of the total issued capital. The Repurchase programme opens 20 October 2023.
Trading Update: Satisfactory Performance For The Six Months’ Period Ending 31 October 2023
Shareholders of Senwes Limited (“Senwes”) are hereby advised that a reasonable degree of certainty exists that the normalised headline earnings for the six months ending 31 October 2023 (“interim period”) will be materially higher and are expected to be more than 12% (twelve percent) higher than the previous comparable period.
Director Dealings per Financial Year
Extension of the Share Repurchase Programme
Senwes hereby advises its shareholders that it will continue to repurchase ordinary shares in Senwes on the OTC share trading desk (‘the OTC”). The board approved an additional amount of R30 million for this purpose over and above the R20 million already allocated to the Programme. As at 6 December 2024 R15,5 million of the R20 million has been utilised already.
Trading update: Financial performance for the six-month period ended 31 October 2024
Shareholders of Senwes are hereby advised that a reasonable degree of certainty exists that the normalised headline earnings for the six months ended 31 October 2024 (“interim period”) will be materially lower. The expectation is that it will be between 50% (fifty percent) and 60% (sixty percent) lower than the previous comparable period.
April 2024 Share Repurchase Programme Results and Extension Notification
Senwes hereby wishes to notify shareholders of the results of the Repurchase Programme (hereinafter referred to as “the Programme”) launched on 25 April 2024. Senwes advises its shareholders that it will continue to repurchase ordinary shares in Senwes on the OTC share trading desk (“the OTC”) from 28 October until such time that the repurchase consideration has been expended, or 0,58% (zero comma five eight percent) of the issued shares have been repurchased, whichever occurs first.
Share Repurchase Programme 2024
Senwes advises its shareholders that it will repurchase ordinary shares in Senwes (“Senwes shares”) on the OTC share trading desk (“the OTC”) from 11 December 2023 until such time that the repurchase consideration has been expended, or 0,36% (zero comma three six per cent) of the issued shares have been repurchased, whichever occurs first (“the Repurchase Programme”). The Repurchase Programme is being implemented in order to provide all shareholders with a value unlocking opportunity, at their voluntary election.
Results of the repurchase programme 2023
26 October 2023
Senwes hereby wish to notify shareholders of the results of the Repurchase programme (hereinafter referred to as “the Programme”) launched on 29 June 2023, as amended by notice dated 18 October 2023. The Programme was offered in terms of the general authority granted by shareholders at the annual general meetings on respectively 24 August 2022 and 22 August 2023.
Results of script dividend offer - August 2023
The board of directors of the Company (“Board”) approved a final cash dividend for the year ending 30 April 2023 of 29 cents (twenty-nine cents) per ordinary Agribel share and a special dividend of 25 cents (twenty-five cents) per ordinary Agribel share, a total dividend payment of 54 cents (fifty-four cents) per ordinary share (“cash dividend”) on the record date, being 08:00 on 22 August 2023 (“record date”).
Selling of Senwes shares
Shareholders are hereby informed that Agribel participated in the repurchase programme launched by Senwes Limited (“Senwes”) on 29 June 2023, as adjusted by way of a notice on 18 October 2023 (“Senwes Repurchase Programme”).