Key Developments: Reunert Ltd (RLOJ.J)

RLOJ.J on Johannesburg Stock Exchange

6,590.00ZAc
23 Jul 2014
Price Change (% chg)

28.00c (+0.43%)
Prev Close
6,562.00c
Open
6,635.00c
Day's High
6,669.00c
Day's Low
6,406.00c
Volume
275,239
Avg. Vol
873,499
52-wk High
8,200.00c
52-wk Low
5,567.00c

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Latest Key Developments (Source: Significant Developments)

Reunert Ltd's Nashua Mobile (Pty) Ltd announces disposal of Cell C subscriber base to Allied Electronics Corporation Limited's Autopage
Monday, 26 May 2014 10:00am EDT 

Reunert Ltd:Says Nashua Mobile Proprietary Limited (Nashua Mobile), wholly-owned subsidiary of Reunert, enters into sale agreement (Sale Agreement) with Altech Autopage Cellular Proprietary Limited (Autopage) on May 26, 2014.In terms of which, Nashua Mobile will dispose of its Cell C subscriber base to Autopage, subsidiary of Allied Electronics Corporation Limited.In terms of Sale Agreement, Nashua Mobile’s Cell C subscriber base will transfer to Autopage on third day after second bill run after date of fulfilment or waiver, as case may be, of last of conditions precedent to the Autopage Transaction (Take- On Date).Consideration to be received by Nashua Mobile from Autopage for the Disposal is about 91.5 mln rand plus VAT.  Full Article

Reunert Ltd announces interim cash dividend
Tuesday, 20 May 2014 02:00am EDT 

Reunert Ltd:Says a gross interim cash dividend of 95 cents per share (2013: 95 cents per share) has been declared by the directors for the six months ended March 31, 2014.  Full Article

Reunert announces disposal Nashua Mobile (Pty) Ltd of its MTN & Vodacom Subscriber Bases
Monday, 14 Apr 2014 01:05am EDT 

Reunert Ltd:Nashua Mobile Proprietary Limited wholly-owned subsidiary of Reunert, enters into separate and distinct sale agreements with each of Mobile Telephone Networks Proprietary Limited (MTN) and Vodacom Proprietary Limited.Nashua Mobile will dispose of its MTN and Vodacom subscriber bases to MTN and Vodacom respectively.In terms, MTN subscriber base will transfer to MTN on a date to be selected by MTN.Says date must fall within second calendar month after fulfilment or waiver of last of conditions precedent to MTN Transaction.In terms, Vodacom subscriber base will transfer to Vodacom on date upon which Nashua Mobile successfully migrates its Vodacom subscribers to Vodacom.Migration will commence on third week of the second calendar month after fulfilment or waiver of last of conditions precedent to Vodacom Transaction until successful migration has taken place.Consideration is about 2.26 bln rands plus VAT.  Full Article

Reunert Ltd Announces Final Cash Dividend
Wednesday, 20 Nov 2013 10:25am EST 

Reunert Ltd announced that a gross final cash dividend No 175 of 275 cents per ordinary share (2012: 275 cents per share) has been declared by the directors for the year ended September 30, 2013, bringing the total cash dividend for the year to 370 cents per share (2012: 370 cents per share). Last date to trade (cum dividend) - January 10, 2014; First date of trading (ex dividend) - January 13, 2014; Record date - January 17, 2014; Payment date - January 20, 2014.  Full Article

Reunert Ltd Announces Preference Dividend
Wednesday, 5 Jun 2013 02:30am EDT 

Reunert Ltd announced that a preference dividend at the rate of 5½% per annum has been declared for the half year ending June 30, 2013, payable in South African currency, on July 1, 2013, and amounts to 5.5 cents per preference share (gross). The dividend has been declared from income reserves and no STC credits have been used. The record date is on June 28, 2013 and the dividend will be paid on July 1, 2013.  Full Article

Reunert Ltd Announces Interim Cash Dividend
Tuesday, 21 May 2013 01:05am EDT 

Reunert Ltd announced that a gross interim cash dividend No 174 of 95 cents per ordinary share (2012: 95 cents per share) has been declared by the directors for the six months ended March 31, 2013. The record date is on June 21, 2013 and the payment date is on June 24, 2013.  Full Article

Reunert Ltd Issues H1 2013 Earnings Guidance
Friday, 3 May 2013 06:05am EDT 

Reunert Ltd announced that for the first half of 2013, it expects earnings per share and headline earnings per share will be between 13% and 17% lower; and normalised headline earnings per share will be between 12% and 16% lower than the corresponding reporting period of the previous year. The key reasons for the decline in earnings are the impact of a generally slower economy; delays in various external infrastructure roll-outs that have affected the CBi-Electric segment; the port and transport sector strikes in October 2012 affected production volumes within CBi-Electric due to late delivery of raw-materials; and the decrease in the interconnect rates affected the viability of the least cost router (LCR) product offering in mobile telecommunications business. LCR was still a significant profit contributor in the equivalent period last year.  Full Article

CORRECTED-BRIEF-(OFFICIAL)-Reunert says to sell its MTN & Vodacom subscriber bases for 2.26 bln rand (April 14)

(In April 14 story, corrects seventh bullet after Reunert correction to show normalised headline pro forma EPS would be 484.31 cents, not 440.8 cents, after the transaction)

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