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PPC Ltd (PPCJ.J)

PPCJ.J on Johannesburg Stock Exchange

655.00ZAc
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Fairfax drops out of bidding for South African cement maker PPC
Monday, 11 Dec 2017 05:15am EST 

Dec 11 (Reuters) - PPC Ltd ::NOTIFICATION OF WITHDRAWAL OF FAIRFAX PARTIAL OFFER AND FURTHER CAUTIONARY ANNOUNCEMENT.ON 8 DECEMBER 2017, INDEPENDENT BOARD RECEIVED FAIRFAX'S FORMAL NOTIFICATION THAT IT WILL NOT PROCEED WITH PARTIAL OFFER.PPC LTD BOARD CONTINUES TO ENGAGE WITH LAFARGEHOLCIM IN RESPECT OF ITS APPROACH.  Full Article

PPC Ltd says HY HEPS up 36 pct to 19 cents​
Thursday, 23 Nov 2017 12:05am EST 

Nov 23 (Reuters) - PPC LTD ::‍HY GROUP REVENUE INCREASED BY 1% TO R5,2 BILLION​.HY ‍GROUP EBITDA GREW BY 4% TO R1,2 BILLION​.‍HY ATTRIBUTABLE NET PROFIT UP 188% TO R294 MILLION​.‍HY EARNINGS PER SHARE UP 54% TO 20 CENTS​.‍NET DEBT DECLINED FROM R4,7 BILLION IN MARCH 2017 TO R4,4 BILLION​.HY ‍GROUP EBITDA GREW BY 4% TO R1 193 MILLION​.HY HEADLINE EARNINGS PER SHARE ROSE BY 36% TO 19 CENTS​.  Full Article

PPC Ltd sees HY HEPS between 18 cents and 20 cents
Tuesday, 7 Nov 2017 01:00am EST 

Nov 7 (Reuters) - PPC Ltd ::‍HY GROUP EBITDA IS EXPECTED TO INCREASE BY 3% - 6% COMPARED WITH PREVIOUS PERIOD​.‍HEADLINE EARNINGS PER SHARE ARE EXPECTED TO RISE BY BETWEEN 30% AND 40% (BETWEEN 18 CENTS AND 20 CENTS) FOR 6 MONTHS ENDED 30 SEPTEMBER 2017​.‍HY NET PROFIT ATTRIBUTABLE TO PPC SHAREHOLDERS IS EXPECTED TO INCREASE BY 180% - 200%.  Full Article

PPC Ltd announces ‍withdrawal of interest by Dangote Cement
Friday, 6 Oct 2017 06:32am EDT 

Oct 6 (Reuters) - PPC Ltd :‍WITHDRAWAL OF INTEREST BY DANGOTE CEMENT PLC​.‍ON 5 OCTOBER 2017, BOARD RECEIVED FROM DANGOTE A FORMAL WITHDRAWAL OF ITS INTEREST IN RESPECT OF PROPOSED COMBINATION​.  Full Article

PPC sets up independent board to consider terms of Fairfax partial offer
Friday, 15 Sep 2017 08:30am EDT 

Sept 15 (Reuters) - PPC Ltd::constituted independent board; currently considering terms, conditions, merits, of transaction in addition to other proposals received​.  Full Article

South Africa's PPC ‍confirms acquisition interest from Dangote Cement
Thursday, 14 Sep 2017 06:25am EDT 

Sept 14 (Reuters) - PPC Ltd :‍CONFIRMS THAT IT HAS RECEIVED A NON-BINDING COMMUNICATION OF INTEREST FROM DANGOTE CEMENT PLC WITH RESPECT TO ACQUISITION OF ENTIRE SHARE CAPITAL OF PPC​.‍INDEPENDENT BOARD OF PPC IS CONSIDERING INDICATIVE PROPOSAL AND WILL MAKE A FURTHER ANNOUNCEMENT​.  Full Article

Fairfax Africa announces partial offer to acquire shares of PPC Limited
Monday, 4 Sep 2017 12:12pm EDT 

Sept 4 (Reuters) - Fairfax Africa Holdings Corp ::Fairfax Africa announces partial offer to acquire shares of PPC Limited and support of proposed merger with AfriSam group proprietary limited through recapitalization transaction.‍Partial offer to acquire shares of PPC representing a value of R2 billion for cash consideration of R5.75 (about $0.44) per ordinary share​.Unit submitted letter to board of PPC Limited to make partial offer to acquire shares of PPC representing value of R2 billion​.‍Fairfax Africa received irrevocable support of PIC, Phembani, AfriSam regarding partial offer, recapitalisation and merger​.‍Consideration for partial offer will be settled by FSA in cash​.‍FSA would hold approximately 23% of outstanding shares of PPC prior to consummation of merger​.FSA entered into non-revolving term letter of credit facility, available by way of letter of credit in amount of R2 billion.Upon completion of offer, ‍Fairfax consortium would hold about 38.6% of outstanding shares of combined company.  Full Article

PPC Ltd says Fairfax makes a partial offer of 2 bln rand
Monday, 4 Sep 2017 08:15am EDT 

Sept 4 (Reuters) - PPC LTD ::FAIRFAX AFRICA INVESTMENTS PROPRIETARY DELIVERED A LETTER INDICATING THAT OFFEROR HAS A FIRM INTENTION TO MAKE A PARTIAL OFFER.OFFER AT A PRICE OF R5.75 PER ORDINARY SHARE OF PPC.DEAL VALUED AT R2 BILLION OF ISSUED ORDINARY STATED CAPITAL OF PPC.  Full Article

PPC updates on proposed merger with AfriSam
Friday, 25 Aug 2017 03:00am EDT 

Aug 25 (Reuters) - PPC Ltd :AFRISAM HAS NOTIFIED PPC THAT IT HAS TERMINATED HOT WHICH FORMED BASIS OF CURRENT ENGAGEMENTS BETWEEN PARTIES WITH REGARD TO PROPOSED MERGER.AFRISAM HAS INDICATED TO PPC THAT IT INTENDS SUBMITTING A NEW PROPOSAL REGARDING A POSSIBLE COMBINATION OF PARTIES.OUTCOME OF THESE DISCUSSIONS MAY HAVE A MATERIAL IMPACT ON PRICE OF COMPANY'S SECURITIES.  Full Article

PPC Group says group revenue tracked ahead of previous comparative period
Thursday, 17 Aug 2017 02:00am EDT 

Aug 17 (Reuters) - PPC LTD ::GROUP REVENUE HAS TRACKED AHEAD OF PREVIOUS COMPARATIVE PERIOD ENDED 30 JUNE 2016.SAYS FIRST QUARTER GROUP EBITDA IS IN LINE WITH PREVIOUS YEAR.SOUTH AFRICAN BUSINESS ENVIRONMENT REMAINS CHALLENGING WITH CONTINUED LOWER LEVELS OF FIXED INVESTMENT AND CONSUMER SPEND.GROUP'S NET DEBT POSITION IN JUNE 2017 HAS IMPROVED FURTHER ON MARCH 2017.  Full Article

BRIEF-Fairfax Africa provides update regarding PPC Ltd partial offer

* Fairfax Africa provides update regarding ppc limited partial offer