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Sovereign Food Investments Ltd (SOVJ.J)

SOVJ.J on Johannesburg Stock Exchange

950.00ZAc
22 May 2017
Change (% chg)

0.00 (+0.00%)
Prev Close
950.00
Open
950.00
Day's High
950.00
Day's Low
950.00
Volume
440
Avg. Vol
21,546
52-wk High
1,000.00
52-wk Low
655.00

Latest Key Developments (Source: Significant Developments)

Sovereign Food says full-year revenue up 25 pct
Tuesday, 16 May 2017 01:05am EDT 

May 16 (Reuters) - Sovereign Food Investments Limited ::Fy revenue up 25% to r2,2 billion.Fy net asset value per share 972 cents.Board is of opinion that it is prudent not to declare a dividend for financial year under review..Fy headline loss per share of 46,5 cents versus earnings of 108,4 cents year ago.  Full Article

Country Bird says Sovereign failed to engage on competition concerns
Tuesday, 6 Dec 2016 10:00am EST 

Country Bird Holdings Proprietary Ltd: Board of directors of Sovereign failed to engage with CBH in respect of concerns they may have pertaining to comp comm approval .Sovereign board has persistently refused to engage with Sovereign's largest shareholder, CBH.  Full Article

Country Bird, Sovereign Food deal gets Competition Commission nod
Wednesday, 16 Nov 2016 09:45am EST 

Country Bird Holdings Proprietary Ltd : Competition Commission on 15 Nov approved merger between CBH and Sovereign subject to conditions .Conditions include no CBH or Sovereign employees will be retrenched as a consequence of merger.  Full Article

Sovereign Food sees 2016 headline loss per share between 38.5 -47.5 cents after Country Bird deal
Monday, 26 Sep 2016 01:39am EDT 

Sovereign Food Investments Ltd : If deals conclude, sees 2016 HEPS loss of between 38.5 cents-47.5 cents; 2015 HY HEPS 89.7 cents . If deals do not conclude, sees HY HEPS loss of 47.5 cents - 56.5 cents .HY sales volumes up 35 percent.  Full Article

Country Bird, concert parties own 34.1 pct of Sovereign's shares
Monday, 5 Sep 2016 11:30am EDT 

Country Bird Holdings: Says together with its concert parties, hold 34.1 pct of Sovereign's total ordinary issued share capital . Says in addition has received irrevocable acceptances from sovereign shareholders holding 12.7 pct of Sovereign's total ordinary issued share capital .Says Co and concert parties, cumulatively either own shares or have received acceptances amounting to 46.8 pct of Sovereign's total shares.  Full Article

Country Bird Holdings buys 8.7 pct shares of Sovereign Foods
Monday, 22 Aug 2016 09:58am EDT 

Country Bird Holdings Proprietary Limited (CBH): Acquired Sovereign shares representing 8.7 pct of Sovereign's total issued share capital at 8.75 rand per share .CBH, together with concert parties, hold 26 mln shares in sovereign, about 34.1 pct of Sovereign's share capital.  Full Article

Independent expert says Country Bird offer for Sovereign Food "fair and reasonable"
Friday, 19 Aug 2016 08:40am EDT 

Sovereign Food Investments Ltd :Independent expert is of opinion that offer consideration from Country Bird Holdings is fair and reasonable to shareholders whom offer has been made.  Full Article

Sovereign Food clarifies JV partner's name
Friday, 5 Aug 2016 09:26am EDT 

Sovereign Food Investments Ltd : Sovereign's joint venture with a customer . Sovereign entered into JV arrangement with JV partner on confidential terms, which is customary for transactions of this nature . Confirms that JV partner is Cold Storage Group (pty) Limited ("CSG"), a privately held entity that has been a long-standing customer of sovereign .At co's AGM a shareholder raised questions regarding sovereign's interest in entity, Sov Factory Shop, and ownership structure of JV.  Full Article

Country Bird Holdings makes offer for Sovereign Food Investments
Wednesday, 6 Jul 2016 11:05am EDT 

Country Bird Holdings Proprietary Limited : Offer to acquire entire ordinary share capital of sovereign other than those ordinary shares already held . Offer also includes any dividends paid from date of this announcement . Cbh and concert parties currently hold 7.43 million shares in sovereign, about 9.75% of sovereign issued capital . jse: cbh offer to acquire the entire ordinary share capital of sovereign food investments limited that it or its concert . Sovereign food investments ltd shareholders advised that cbh makes conditional cash offer . Offer for a cash consideration of r9.00 per sovereign ordinary share .Offer represents premium of 25.4% to current share price.  Full Article

Sovereign Food Investments FY HEPS up 5 pct
Tuesday, 31 May 2016 11:31am EDT 

Sovereign Food Investments Ltd : FY headline earnings per share up 5 pct to 108.4 cents . FY revenue up 5 pct to R1.73 billion . Net asset value up 8 pct to 1,018 cents .Board feels it prudent to not declare a dividend for year under review.  Full Article

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BRIEF-Sovereign Food says full-year revenue up 25 pct

* Board is of opinion that it is prudent not to declare a dividend for financial year under review.