Key Developments: JD Group Ltd (JDGJ.J)
3,050.00ZAc
24 May 2013
-80.00c (-2.56%)
3,130.00c
3,096.00c
3,154.00c
2,990.00c
392,487
694,721
4,990.00c
2,947.00c
Latest Key Developments (Source: Significant Developments)
JD Group Ltd Declares Interim Gross Dividend; Announces Appointment Of Chief Financial Officer
JD Group Ltd announced that the Directors have declared an interim gross dividend of 115 cents per share ZAR1.5 billion) which is indicative of the restructuring of the balance sheet and funding activities that have taken place (H1 2012: ZAR84 million) in the Consumer Finance business and ZAR47 million (H1 2012: ZAR35 million) in for the six-month period ended December 31, 2012. Record date is on April 26, 2013. The dividend will be paid on April 29, 2013. The Company also announced that Bennie van Rooy, the current Chief Financial Officer (CFO) has been appointed as Chief Executive Officer of the Group’s Consumer Finance division from March 1, 2013. Jan van der Merwe will assume the role of CFO from this date. Full Article
JD Group Ltd Announces Acquisition Of Immovable Properties And Rental Enterprises From Subsidiary
JD Group Ltd announced that an agreement has been reached between JD Group and Steinhoff International Holdings Limited, in terms of which Steinhoff Properties (Pty) Limited, a wholly owned subsidiary of Steinhoff, will dispose of 19 immovable properties and accompanying leases in respect thereof to JD Group in exchange for new ordinary shares issued by JD Group. The Rental Enterprises consist of 19 automotive dealership properties across the Republic of South Africa, which are occupied by Unitrans Automotive (Pty) Limited, an indirect wholly owned subsidiary of JD Group. The Properties are currently subject to nine-year leases that commenced on July 1, 2012. In terms of the Agreement, JD Props will acquire the Rental Enterprises for a total consideration of ZAR446962427. The Purchase Consideration will consist of a fresh issue of 9508322 JD Group shares credited as fully paid at an issue price of 4700.75 cents per share, being the 28-day Volume Weighted Average Prices, at which a JD Group share traded on the JSE Limited (JSE) from October 14, 2012 up to and including November 20, 2012, the date on which JD Group and Steinhoff formally started discussions. Full Article
JD Group Ltd Announces Appointment Of Chief Executive Officer
JD Group Ltd announced that in line with the group’s strategic focus on expanding financial services and insurance business, Bennie van Rooy, the group’s current Chief Financial Officer (CFO), will be appointed as the Chief Executive Officer of the group’s Financial Services Division with the task of the Group’s consumer finance business into the future. Full Article
JD Group Ltd Declares Dividend
JD Group Ltd announced a dividend of 25 cents per share will be paid on December 18, 2012 to members reflected in the share register of the Company at the close of business on the record date, December 14, 2012. Last day to trade 'cum' dividend is December 7, 2012. Full Article
JD Group Ltd Declares Final Dividend
JD Group Ltd announced that the Directors have declared a final dividend of 132 cents per share for the period ended June 30, 2012. The dividend payable on October 22, 2012 and record date on October 19, 2012. Full Article
JD Group Ltd Announces Change Of Financial Year-End
JD Group Ltd announced that on November 14, 2011 in which it was noted that the Group was considering changing its year-end to coincide with that of Steinhoff International Holdings Limited (Steinhoff). This was as a result of Steinhoff's shareholding exceeding 30% in the total issued share capital of the Company. The JD Group Board of Directors, the JSE Limited and the Companies and Intellectual Property Commission have now approved the change in financial year- end of the Company August from 31 to June 30 of each year. The Group will publish and distribute four month interim results for the period September 1, 2011 to December 31, 2011 toward the beginning of March 2012, and ten month results for the period September 1, 2011 to June 30, 2012 towards the beginning of September 2012. Full Article
JD Group Ltd Declares Final Dividend
JD Group Ltd announced that the Directors have declared a final dividend of ZAR1 (2010: ZAR0.8) per share for the period ended August 31, 2011. Full Article
JD Group Ltd Issues FY 2011 Earnings Guidance To A Range Above Analysts' Estimates
JD Group Ltd announced that for fiscal 2011, it expects headline earnings per share and earnings per share (EPS) to be between ZAR4 per share and ZAR4.1 per share. The headline earnings per share and earnings per share for the previous corresponding period were ZAR3.036 per share and ZAR3.049 per share respectively. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of ZAR3.88 per share for fiscal 2011. Full Article
Competition Tribunal Announces Approval To JD Group Ltd's Proposed Acquisition And Sale
JD Group Ltd announced that the Competition Tribunal of South Africa on July 6, 2011 has issued a Merger Clearance Notice in terms of the Competitions Act, approving the transaction unconditionally. The Company proposed acquisition of all of the shares in and claims against the companies comprising the South African retail assets of Steinhoff, being Unitrans Auto and Steinbuild (the Acquisition); and the proposed sale of JD Group's interest in Abra, JD Group's Polish furniture retail business, to Steinhoff Global Investments GmbH (the Disposal). JD Group has therefore obtained all regulatory approvals and the last of the conditions precedent in relation to the Acquisition has been fulfilled. Accordingly, the Acquisition of Steinhoff's South African retail assets will now be implemented. Approval from the Polish Competition Authorities in respect of the Disposal remains outstanding. Once this approval has been received, the sale of Abra will be implemented in accordance with the terms of the agreement. Full Article
BRIEF-JD Group says H1 headline EPS was 234,4 cents
JOHANNESBURG, Feb 21 - JD Group Ltd : * Says H1 headline earnings per share for the six-month period of 234,4 cents
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