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Adcorp Holdings Ltd (ADRJ.J)

ADRJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Adcorp Holdings says Richard Pike resigned as CEO
Monday, 31 Jul 2017 08:00am EDT 

July 31 (Reuters) - Adcorp Holdings Ltd ::RICHARD PIKE RESIGNED AS CHIEF EXECUTIVE OFFICER ("CEO") AND A DIRECTOR OF ADCORP WITH EFFECT FROM 31 JULY 2017.ADCORP HOLDINGS LTD - NELIS SWART HAS RESIGNED AS CHIEF OPERATING OFFICER OF ADCORP WITH EFFECT FROM 31 JULY 2017.MARK JURGENS, CURRENT GLOBAL EXECUTIVE FOR PROFESSIONAL SERVICES DIVISION WITHIN ADCORP, AS COO AND AN EXECUTIVE DIRECTOR OF ADCORP.ADCORP-BOARD FINALISED SELECTION OF NEW CEO; IDENTITY, START DATE TO BE COMMUNICATED ONCE HE HAS FINALISED HIS EXIT ARRANGEMENT WITH CURRENT EMPLOYER.JURGENS WILL TAKE UP ROLE AS ACTING CEO WITH EFFECT FROM 1 AUGUST 2017 UNTIL START DATE OF INCOMING CEO.  Full Article

Adcorp says engaging with new investor ‍Value Capital Partners
Tuesday, 27 Jun 2017 11:15am EDT 

June 27 (Reuters) - Adcorp Holdings Ltd ::A new strategic shareholder and an update on refinancing the group.‍Value Capital Partners Proprietary Limited through its fund, has acquired a shareholding of 12.59 pct in Adcorp​.‍Management and board have commenced discussions with VCP regarding latter's involvement with company going forward​.Co has embarked on a number of strategic initiatives to reposition group in order to ensure its continued growth and profitability​.Is in process of exploring possible sale of certain non-core assets which will assist in refinancing its existing term debt.‍Also in discussions with banks regarding refinancing​.  Full Article

Adcorp Holdings posts FY headline loss of 27.9 c/shr
Tuesday, 23 May 2017 10:20am EDT 

May 23 (Reuters) - Adcorp Holdings Ltd ::Revenue for year increased by 3 pct to R16.1 billion.FY headline loss per share of 27.9 cents per share.FY cash generated by operations increased by 25 pct to R439.9 million.No final dividend declared.Stability has crept back into South African TES market following initial uncertainty created by new South African labour laws.Is in process of scaling back its African operations to stem losses in that part of business.Seen improvement in Australian business, which has seen a pick-up in volumes, exploring other industrial sectors such as renewable energy.Number of one-off costs such as forex losses, losses in Africa and retrenchment costs are unlikely to repeat in FY2018.  Full Article

Adcorp Holdings appoints chief financial officer
Tuesday, 9 May 2017 02:22am EDT 

May 9 (Reuters) - Adcorp Holdings Limited : :Appointment Of Chief Financial Officer And Director.Cheryl-Jane Kujenga has been appointed as chief financial officer and an executive director of Adcorp with effect from 1 July 2017..  Full Article

Adcorp Holdings sees FY HEPS between 23-33c/shr
Friday, 5 May 2017 11:05am EDT 

May 5 (Reuters) - Adcorp Holdings Limited ::Sees fy headline loss per share of between 23 and 33 cents.  Full Article

MTN names Adcorp unit as preferred vendor for call centres
Friday, 30 Sep 2016 09:22am EDT 

MTN Group Ltd : MTN names preferred vendor for its outsourced call centre facilities . Rightsource, a subsidiary of Adcorp, has been named as preferred partner to manage MTN SA's outsourced call centres . Hybrid call centre model is going live on Oct. 1 2016 Further company coverage: [MTNJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Adcorp says Adcorp International CEO to resign
Friday, 23 Sep 2016 11:00am EDT 

Adcorp Holdings Ltd :Amitava Guharoy, CEO of Adcorp International, has resigned as an executive director of Adcorp with effect from 1 October 2016.  Full Article

Adcorp drops financing talks over international expansion plans
Friday, 26 Aug 2016 03:12am EDT 

Adcorp Holdings Ltd :Adcorp has elected not to further pursue negotiations, following an extensive analysis of proposed commercial terms.  Full Article

AdCorp Holdings is deal talks for international expansion
Thursday, 4 Aug 2016 03:00am EDT 

Adcorp Holdings Ltd : Further cautionary announcement .Is currently engaged in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy.  Full Article

Adcorp Hlgds says full-year revenue up 17 pct
Tuesday, 24 May 2016 07:26am EDT 

Adcorp Holdings Ltd : Revenue for year increased by 17% to r15,6 billion . Operating profit for year increased by 2% to r464,8 million . Normalised earnings per share increased by 4% to 365,3 cents per share . Fy headline earnings per share increased by 0,4% to 299,6 cents per share . Final dividend declared of 75 cents per share (2015: 88 cents per share) .Fy normalised ebitda for year decreased by 7% to r621,5 million.  Full Article

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