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Taste Holdings Ltd (TASJ.J)

TASJ.J on Johannesburg Stock Exchange

205.00ZAc
10:28am EDT
Change (% chg)

5.00 (+2.50%)
Prev Close
200.00
Open
196.00
Day's High
208.00
Day's Low
196.00
Volume
164,300
Avg. Vol
199,130
52-wk High
290.00
52-wk Low
160.00

Latest Key Developments (Source: Significant Developments)

Taste sees sale of the luxury goods division during this year
Tuesday, 4 Apr 2017 10:50am EDT 

Taste Holdings Ltd : Concluded that food and luxury businesses will best be served by having separate investors, management teams . Strategic restructure will most likely result in sale of luxury goods division during this year . Post strategic restructure, Taste will be a focused food business, both owning and licensing leading global brands . Therefore envisaged that post this strategic restructure, taste will be a focused food business, both owning and licensing leading global brands . Total of 80 million Taste shares will be offered in claw-back offer at a claw-back offer price of R1.50 per share . Intends to raise equity along with proceeds from sale of luxury goods division, used to reduce debt, build new starbucks, Domino's outlets .Proposed claw-back offer may result in entities under common control, acquiring more than 35% of voting rights of Taste.  Full Article

Taste Holdings says to acquire shares and claims in Aloysius
Tuesday, 20 Dec 2016 07:19am EST 

Taste Holdings Ltd : Acquisition of 60 pct of ordinary shares in issue and 100 pct of claims held by Fiamme Pizza Proprietary in Aloysius Trading Proprietary Limited, by Taste Food Franchising Proprietary Limited . Purchase consideration of r120 for 120 shares in Aloysius and r6 000 000 for claims in Aloysius .Total consideration of r6 000 320 ("purchase consideration") shall be settled in cash generated from operations..  Full Article

Taste Holdings sees H1 HLPS narrowing to 8.5-9.5 cents
Tuesday, 4 Oct 2016 10:46am EDT 

Taste Holdings Ltd : Sees headline loss per share for the 6 months ended 31 august of 8.5 cents-9.5 cents versus loss of 10.5 cents year ago .Sees core headline loss per share of 5.8 cents to 6.6 cents for the 6 months ended 31 august versus profit of 0.1 cents year ago.  Full Article

Taste Holdings says FY core HEPS down to 1.5 cents
Wednesday, 25 May 2016 02:16am EDT 

Taste Holdings Ltd : FY core revenue up 41% to R1.01 billion (2015: r717.1 million) . FY core headline earnings per share decreased to 1.5 cents (2015: 16.1 cents) .No dividend has been declared for year ended 29 february 2016..  Full Article

Taste Hldgs sees FY headline loss between 18.5-19.8 cents/shr
Monday, 9 May 2016 10:30am EDT 

Taste Holdings Ltd :Sees FY headline loss per share (excluding core earnings adjustment detailed below) between 18.5 cents -19.8 cents versus HEPS of 6.8 cents last year.  Full Article

Taste Holdings Ltd signs exclusive licence with Starbucks Coffee Company
Tuesday, 14 Jul 2015 02:50am EDT 

Taste Holdings Ltd:Says Taste Food Franchising Proprietary Ltd (TFF), wholly-owned subsidiary has signed an exclusive development agreement.To develop Starbucks Coffee Company (Starbucks) outlets in South Africa.Says for first time in sub-Saharan Africa, Starbucks will open full-format stores bringing entire range of its food and beverages, including its ethically-sourced Arabica coffee, to South African consumers.As Taste is the licensee, it will own and operate stores directly.Including renewal options agreement is for 25 years and includes certain rights for other African countries, subject to certain conditions.Partnership will see direct job creation opportunities as each Starbucks store opens, in addition to opportunities at Taste support office in Johannesburg.  Full Article

Taste Holdings Ltd announces final gross cash dividend
Tuesday, 26 May 2015 02:15am EDT 

Taste Holdings Ltd:Says that final gross cash dividend of 6.5 cents per ordinary share, resulting in net dividend of 5.525 cents per ordinary share for those shareholders who are subject to a 15 pct. dividends tax, payable out of income in respect of year ended Feb. 28, 2015, has been declared by directors.Last day to trade cum-dividend on July 3, shares commence trading ex-dividend on July 6, record date on July 10, and payment of dividend on July 13.  Full Article

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BRIEF-Taste sees sale of the luxury goods division during this year

* Concluded that food and luxury businesses will best be served by having separate investors, management teams