Namibia Stock Exchange nsx

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Market & Value Traded
Local Index
138.42
at : 2008-03-14
Overall Index
965.32
at : 2008-03-14
JSE All Share Index
30,648.03
at : 2008-03-14

Value Traded Today
34,135,113.00
at : 2008-03-14
Value Traded Month to Date
329,689,901.00
at : 2008-03-14
Value Traded Year To Date
1,556,115,559.00
at : 2008-03-14
News & Events
ANGLO AMERICAN - [23 November 2007]
Purchases of Ordinary Shares in the Company The Company announces that on 21 November 2007, an independent company purchased 474,469 ordinary shares of the Company at prices between GBP28.51 and GBP29.12 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 103,947,367 ordinary shares, representing 7.86 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). Catherine Marshall Companies Secretary Anglo American plc - By: JSE SENS DEP
INVESTEC - [23 November 2007]
ADDITIONAL LISTINGS - INVESTEC PLC AND INVESTEC LIMITED Application has been made to the UK Listing Authority and the London Stock Exchange for an additional listing of 1,253,825 Investec plc Ordinary Shares of GBP0.0002 each (the "New Ordinary Shares") to trade on the London Stock Exchange and to be admitted to the Official List upon issuance. The shares will rank pari passu with the existing issued shares of the Company. Pursuant to the dual listed company structure, Investec plc has also applied to the JSE Limited for the admission to trading of the New Ordinary Shares. The additional listing is pursuant to the exercise of vested options by staff of share options under the Investec plc Share Option Plan 2002. At the same time, Investec Limited applied to the JSE Limited for the admission to trading of 2,867,154 Investec Limited Ordinary Shares of ZAR0.0002 each, pursuant to the exercise of vested options by staff of share options under the Investec Limited Security and Purchase Option Scheme 2002 Trust. It is expected that trading in both the Investec plc and Investec Limited shares will commence on 23 November 2007. For further information, please contact: Mr. David Miller Investec plc Group Company Secretary + 44 (0)207 597 4541 - By: JSE SENS DEP
OLD MUTUAL - [23 November 2007]
Transaction in Own Shares Old Mutual plc ("the Company") announces that on 21 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 2,525,000 of the Company's ordinary shares of 10p each. 1,750,000 of these shares were acquired on the London Stock Exchange at an average price of 153.29 pence per share and 775,000 shares were acquired on the JSE Limited at an average price of ZAR 21.66 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,452,793,221 ordinary shares of 10p each (excluding the 56,870,573 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 22-Nov-07 Sponsor Merrill Lynch - By: JSE SENS DEP
STANDARD BANK - [23 November 2007]
BENEFITS TO BE DERIVED FROM THE STRATEGIC PARTNERSHIP Further to the Standard Bank Group announcement dated 25 October 2007, in which shareholders were advised that Standard Bank Group and Industrial and Commercial Bank of China Limited ("ICBC") had, on 25 October 2007, concluded agreements to form a strategic partnership, shareholders are advised that negotiations between Standard Bank Group and ICBC have been ongoing regarding the specific areas of business co-operation between the partners. At the investor presentation to be held at 10:00 at the Cape Town International Conference Centre on Friday, 23 November 2007, Standard Bank Group and ICBC management, will expand on the strategic rationale of the transaction and provide further information on the proposed strategic co- operation between Standard Bank Group and ICBC, including estimates of the incremental earnings expected to be derived by Standard Bank Group from the business co-operation to be undertaken with ICBC. The presentation will be broadcast live on Summit TV together with a conference call and a live webcast on the Standard Bank Group website, at http://www.standardbank.co.za/site/investor/Investor_relations_announcement. html The full text of the presentation will be available on the Standard Bank Group website at the address indicated above from 09:30 on Friday, 23 November 2007. Johannesburg 22-Nov-07 Investment bank and joint sponsor to Standard Bank Group Standard Bank Independent sponsor to Standard Bank Group Deutsche Securities (SA) (Proprietary) Limited Sponsor to Standard Bank Group in Namibia Simonis Storm Securities (Proprietary) Limited - By: JSE SENS DEP
ANGLO AMERICAN - [22 November 2007]
Purchases of Ordinary Shares in the Company The Company announces that on 20 November 2007, an independent company purchased 825,000 ordinary shares of the Company at prices between GBP28.05 and GBP29.45 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 103,472,898 ordinary shares, representing 7.83 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). Companies Secretary - By: Catherine Marshall
NAM ASSET MANAGEMENT - [22 November 2007]
CEO's dealing in Securities Notice is hereby given, in terms of paragraphs 3.63 and 3.65 of the Listings Requirements of the Namibian Stock Exchange, of the following transactions in respect of the direct acquisition of the Company's shares by the CEO of the Company: Name of CEO: Albert Bertolini CEO of: Namibia Asset Management Ltd Date of transaction: 22 November 2007 Selling price per share: N$ 0-25 Option Strike price: N$ 0-045 Strike dates: 30-Jan Vesting periods:4 tranches over 5 years (from 30 January 2007 to 30 January 2012) Number of shares:125 000 Total value: N$ 50 625 Class of shares:rdinary Nature of transaction:Purchase of shares in terms of the share incentive scheme duly adopted at a general meeting of Namibia Asset Management Ltd held on 1 July 1998. Extent and interest of director: Direct beneficial interest Prescribed clearance given: In terms of a board and trustees of the Namibian Harvest Executive Share Incentive Scheme. Windhoek, 19 November 2007 Sponsor: IJG Securities (Pty) Ltd Member of the NSX Windhoek, Namibia - By: IJG
OLD MUTUAL - [22 November 2007]
Transaction in Own Shares Old Mutual plc ("the Company") announces that on 20 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 3,750,000 of the Company's ordinary shares of 10p each. 3,000,000 of these shares were acquired on the London Stock Exchange at an average price of 155.98 pence per share and 750,000 shares were acquired on the JSE Limited at an average price of ZAR 21.59 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,455,318,221 ordinary shares of 10p each (excluding the 54,345,573 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 21-Nov-07 Sponsor - By: Merrill Lynch
TRUWORTHS - [21 November 2007]
DIRECTORS DEALINGS Notice is hereby given, in terms of paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited, of the following transactions in respect of the company's shares by a director of a subsidiary of the company: Name of director : Derek Leslie Kohler Executive director of : Truworths Limited Date of transaction : 16 November 2007 Selling price per share : R 32.807 (vwap) Number of shares : 138 727 Total value : R 4 551 217 Class of shares : Ordinary Extent and interest of director : 100% indirect and beneficial interest Prescribed clearance given : Yes Nature of transaction: The exercise of options in respect of 138 727 of the company's shares, such options having been granted over the period from 4 October 2001 to 28 November 2003 in terms of and subject to the rules of the company's share scheme, the consequent acquisition of such shares at strike prices ranging from R4.54 to R8.73 per share, and the simultaneous sale of such shares on the open market. By order of the board Company Secretary - By: Chris Durham
SHOPRITE - [21 November 2007]
DEALING IN SECURITIES BY A DIRECTOR In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Director Selwyn Schiff Office Held Director of Main Subsidiary, Shoprite Checkers (Pty) Ltd Date transaction effected 15 November 2007 Number of shares 35 000 Sale price per share 3996.96 cents Value of the transaction R1,398,936.00 Class of shares Ordinary Nature of transaction Sale of shares in the open market Interest Direct beneficial Written clearance to deal Received Yes Cape Town Date: 20 November 2007 - By: JSE SENS DEP
ANGLO AMERICAN - [20 November 2007]
Purchases of Ordinary Shares in the Company The Company announces that on 16 November 2007, an independent company purchased 375,996 ordinary shares of the Company at prices between GBP30.97 and GBP31.84 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 101,982,898 ordinary shares, representing 7.71 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). Companies Secretary - By: Catherine Marshall
BARLOWORLD - [20 November 2007]
DIVIDEND DECLARATION for the year ended 30 September 2007 Dividend number 158 Notice is hereby given that the following dividend has been declared in respect of the year ended 30 September 2007: Number 158 (final dividend) of 200 cents per ordinary share (2006: final dividend of 450 cents per ordinary share). In compliance with the requirements of the JSE Limited, the following dates are applicable. Date declared Monday, 19 November 2007 Last day to trade cum dividend Friday, 4 January 2008 First trading day ex dividend Monday, 7 January 2008 Record date Friday, 11 January 2008 Payment date Monday, 14 January 2008 Share certificates may not be dematerialised or rematerialised between Monday, 7 January 2008 and Friday, 11 January 2008, both days inclusive. For full Audited results visit company website www.barloworld.com - By: JSE SENS DEP
METROPOLITAN - [20 November 2007]
Appointment of group chief executive The board of directors of Metropolitan Holdings Ltd takes pleasure in announcing that Wilhelm van Zyl has been appointed as Group Chief Executive with effect from 1 April 2008. This appointment is being made after the board engaged independent advisors to conduct an extensive search and evaluation of both internal and external candidates. The board is confident that van Zyl is the person to lead the group in its vision of being the leading financial services business in Africa. Van Zyl is currently head of corporate business at Metropolitan as well as being the managing director of Metropolitan Life Ltd, the group's largest subsidiary. Since joining the group in 1999 after the acquisition of Commercial Union Life, van Zyl has also fulfilled the roles of group actuary and managing director of Metropolitan Odyssey Ltd. He is a qualified actuary and during 2005 successfully completed the advanced management programme at Harvard. Enquiries: Professor Wiseman Nkuhlu - 0832597932 Cape Town 19-Nov-07 Sponsor in South Africa South Africa (Pty) Ltd - By: Merrill Lynch
OLD MUTUAL - [20 November 2007]
Old Mutual plc ("the Company") announces that on 16 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 3,350,000 of the Company's ordinary shares of 10p each. 1,850,000 of these shares were acquired on the London Stock Exchange at an average price of 161.89 pence per share and 1,500,000 shares were acquired on the JSE Limited at an average price of ZAR 22.28 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,461,488,221 ordinary shares of 10p each (excluding the 48,175,573 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 19-Nov-07 Sponsor - By: Merrill Lynch
ANGLO AMERICAN - [19 November 2007]
Purchases of Ordinary Shares in the Company The Company announces that on 15 November 2007, an independent company purchased 539,675 ordinary shares of the Company at prices between GBP31.91 and GBP33.30 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 101,606,902 ordinary shares, representing 7.69 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). Catherine Marshall Companies Secretary Anglo American plc 16-Nov-07 Date: 16/11/2007 09:00:02 Produced by the JSE SENS Department. Anglo American notification: Anglo Platinum reduces 2007 production target Anglo American draws your attention to the following announcement made by Anglo Platinum today: Anglo Platinum reduces 2007 production target Anglo Platinum announces that, as a result of the reduction in output associated with achieving a significant improvement in employee safety, the ongoing shortage of skilled and semi-skilled labour and strike activity, Anglo Platinum will produce between 2,45 and 2,5 million ounces of refined platinum in 2007 reduced from the 2,6 to 2,65 million ounce forecast provided in July 2007. The revised 2007 production target follows analysis of actual refined production to the end of October and takes into account: * The completion of the ramp-up of production following Anglo Platinum's decision to shut down Rustenburg Platinum Mines for 7 days in June 2007. * Anglo Platinum's decision to suspend production at its Turffontein shaft in Rustenburg to address safety issues by replacing service columns and steelwork, expected to last 134 days from 16 November 2007 which will reduce platinum output by 9,000 oz in 2007. * Implementation of safety interventions at all remaining Anglo Platinum mines, including 1 day shut-downs * The impact of the continued shortage and turnover of staff * The increased frequency and duration of suspension of production by the regulatory authorities including the Kroondal Joint Venture where production was suspended today. * The potential impact of the planned NUM one day industry-wide strike to improve worker safety awareness * Wage related industry-wide strikes by mining contract employees The impact on Anglo Platinum's production levels in 2008 is currently being evaluated and an estimate will be provided when results for the financial year to 31 December 2007 are released. Anglo Platinum continues to take pre-emptive action to address safety issues and is wholly committed to working with the Department of Minerals and Energy and all industry participants to achieve a safe working environment for all its employees. Johannesburg, 16 November 2007 For further information contact: Trevor Raymond +27 11 373 6462 +27 82 654 8467 JSE Sponsor: UBS For further information: Investor Inquiries Nick von Schirnding Tel: +44 207 968 8540 Charles Gordon Tel: +44 207 968 8933 Anna Poulter Tel: +44 207 968 2155 Media Inquiries James Wyatt-Tilby Tel : +44 207 968 8759 Notes to Editors: Anglo American plc is one of the world's largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a global leader in platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, as well as an industrial minerals business and a stake in AngloGold Ashanti. The Group is geographically diverse, with operations in Africa, Europe, South and North America, Australia and Asia. (www.angloamerican.co.uk) - By: JSE SENS DEP
OLD MUTUAL - [19 November 2007]
Transaction in Own Shares Old Mutual plc ("the Company") announces that on 15 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 2,472,473 of the Company's ordinary shares of 10p each. 1,750,000 of these shares were acquired on the London Stock Exchange at an average price of 166.61 pence per share and 722,473 shares were acquired on the JSE Limited at an average price of ZAR 22.92 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,464,837,255 ordinary shares of 10p each (excluding the 44,825,573 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 16-Nov-07 Sponsor Merrill Lynch Date: 16/11/2007 09:30:02 Produced by the JSE SENS Department. NOTIFICATION OF A TRANSACTION OF A DIRECTOR IN ACCORDANCE WITH RULE 3.1.4R OF THE DISCLOSURE AND TRANSPARENCY RULES Old Mutual plc (the Company) announces that on 15 November 2007, Mr J H Sutcliffe, Chief Executive of the Company, exercised a share option under the Old Mutual Share Option and Deferred Delivery Plan (SOP) as follows: Date of Date of Options Exercise No. of No. of Sale price of grant exercise exercised price shares shares shares retained sold 4 Mar 15 Nov 396,950 GBP0.9525 46,950 350,000 GBP1.657 2002 2007 The total number of shares now held under option by Mr Sutcliffe under the SOP is 3,761,009, of which 2,069,521 have vested and the rest remain subject to performance conditions. The total number of shares in the Company in which Mr Sutcliffe (together with his connected persons) is now beneficially interested (excluding Restricted Share Awards which have not yet vested and all unexercised share option shares) is 1,692,769. Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 16-Nov-07 Sponsor Merrill Lynch - By: JSE SENS DEP
STANDARD BANK - [19 November 2007]
Circular to shareholders Shareholders are advised that Standard Bank has today posted to shareholders the circular and scheme document relating to the proposed strategic partnership with Industrial and Commercial Bank of China Limited, incorporating the notices convening the general and scheme meetings to be held on Monday, 3 December 2007. This document is available in electronic form on the Standard Bank website at: http://www.standardbank.co.za/site/investor/Investor_relations_announcement.ht ml Johannesburg 16-Nov-07 Independent sponsor Deutsche Securities (SA) (Proprietary) Limited Joint sponsor Standard Bank - By: JSE SENS DEP
ANGLO AMERICAN - [16 November 2007]
Purchases of Ordinary Shares in the Company The Company announces that on 14 November 2007, an independent company purchased 423,015 ordinary shares of the Company at prices between GBP32.30 and GBP33.27 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 101,067,227 ordinary shares, representing 7.64 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). Companies Secretary Anglo American plc - By: Catherine Marshall
ELLERINE - [16 November 2007]
DEALING IN SECURITIES BY A DIRECTOR In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to dealing in securities by a director is disclosed: Executive director: R A Rawlings Company: Ellerines Date of transaction: 5 November 2007 Number of shares: 27 500 Strike Price: R19.00 Value of transaction: R522,500.00 Extent of interest: Direct beneficial Share class: Ordinary shares Nature of transaction: Exercise and purchase of share options. Clearance to deal obtained: Yes Johannesburg 15-Nov-07 Sponsor Nedbank Capital - By: JSE SENS DEP
INVESTEC - [16 November 2007]
Unaudited consolidated financial results in Pounds Sterling for the six months to 30 September 2007 Copies of this results provided on the Company's website: www.investec.com. Ordinary dividend announcements Notice is hereby given that an interim dividend (No. 104) of 159.5 cents (2006: 138 cents) per ordinary share has been declared by the board in respect of the six months ended 30 September 2007. The dividend is payable to shareholders recorded in the members' register of the company at the close of business on Friday, 14 December 2007. The relevant dates for the payment of the dividend are: Last day to trade cum-dividend Friday, 7 December 2007 Shares commence trading ex-dividend Monday, 10 December 2007 Record date Friday, 14 December 2007 Payment date Friday, 21 December 2007 The interim dividend of 159.5 cents per ordinary share has been determined by converting the Investec plc distribution of 11.5 pence per ordinary share into Rands using the Rand/Pound Sterling average buy/sell forward rate at 11h00 (SA time) on 14 November 2007. Share certificates may not be dematerialised or rematerialised between Monday, 10 December 2007 and Friday, 14 December 2007, both dates inclusive. By order of the board B Coetsee Company Secretary 15 November 2007 Date: 15/11/2007 09:00:12 Produced by the JSE SENS Department. NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): Investec plc 2. Reason for the notification (please state Yes/No): An acquisition or disposal of voting rights: Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: N/A An event changing the breakdown of voting rights: N/A Other (please specify): N/A 3. Full name of person(s) subject to the notification obligation (iii): JPMorgan Chase & Co 4. Full name of shareholder(s) (if different from 3.) (iv): J.P. Morgan International Bank Limited J.P. Morgan Investment Management Inc. JF Asset Management Limited JPMorgan Asset Management (Japan) Limited JPMorgan Asset Management (UK) Limited 5. Date of the transaction and date on which the threshold is crossed or reached (v): 9-Nov-07 6. Date on which issuer notified: 12 November 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous to the Triggering shares if transaction possible using the ISIN CODE Number of shares Number of voting Rights GB00B17BBQ50 26,850,735 26,850,735 Resulting situation after the triggering transaction Class/type of Number of Number of voting % of voting shares if shares rights rights possible using the ISIN CODE Direct Direct Indirect Direct Indire ct GB00B17BBQ5 20,122,207 20,122,207 4.81% B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Date Exercise/Conv Number of % of financial ersion voting rights voting instrument Period/ Date that may be rights acquired if the instrument is exercised/ converted. N/A Total (A+B) Number of voting % of voting rights rights 20,122,207 4.81% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Total disclosable holding for JPMorgan Chase & Co. : 20,122,207 (4.81%) J.P. Morgan International Bank Limited J.P. Morgan Investment Management Inc. JF Asset Management Limited JPMorgan Asset Management (Japan) Limited JPMorgan Asset Management (UK) Limited Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will acquire to hold: N/A 12. Date on which proxy holder will acquire to hold voting rights: N/A 13. Additional information: Please note the group has other holdings which are covered by exemptions. 14. Contact name: Tracey Young 15. Contact: 020 7325 4513 - By: JSE SENS DEP
OLD MUTUAL - [16 November 2007]
Transaction in Own Shares Old Mutual plc ("the Company") announces that on 14 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 2,720,454 of the Company's ordinary shares of 10p each. 2,206,079 of these shares were acquired on the London Stock Exchange at an average price of 169.37 pence per share and 514,375 shares were acquired on the JSE Limited at an average price of ZAR 23.51 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,466,898,919 ordinary shares of 10p each (excluding the 42,353,100 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 Ref 81/07 15-Nov-07 Sponsor Merrill Lynch - By: JSE SENS DEP
ANGLO AMERICAN - [15 November 2007]
Purchases of Ordinary Shares in the Company The Company announces that on 13 November 2007, an independent company purchased 552,229 ordinary shares of the Company at prices between GBP31.96 and GBP33.35 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. In addition to the above, and pursuant to the authority granted by shareholders at the Extraordinary General Meeting held on 25 June 2007, Anglo American plc purchased 100,000 of its ordinary shares on 13 November 2007 at prices between GBP31.80 and GBP33.15 per share. The purchased shares will all be held as treasury shares. Anglo American plc currently holds 20,783,518 ordinary shares in treasury, and has 1,322,128,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 100,644,212 ordinary shares, representing 7.61 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). - By: Catherine Marshall
ELLERINE - [15 November 2007]
DEALING IN SECURITIES BY A DIRECTOR In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to dealing in securities by a director is disclosed: Executive director: D J Mauer Company: Ellerine Furnishers (Pty) Limited Date of transaction: 13 November 2007 Number of shares: 17 500 Average price per share: R83.00 Value of transaction: R1,452,500.00 Extent of interest: Direct beneficial Share class: Ordinary shares Nature of transaction: 10 000 shares sold on the open market arising from the vesting of share options at an offer price of R14.95 per share; and 7 500 shares sold on the open market arising from the vesting of share options at an offer price of R19.00 per share. Clearance to deal obtained: Yes Johannesburg 14-Nov-07 Sponsor Nedbank Capital - By: JSE SENS DEP
FIRST RAND - [15 November 2007]
DEALING IN SECURITIES BY DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director: Mr. J P Burger Company: FirstRand Bank Holdings Limited Date of transaction: 12 November 2007 Nature of transaction: Sale Class of securities: FirstRand ordinary shares Number of securities: 35 000 Selling price: R24.6342 per share Total value of transaction: R897 197 Nature and extent of director's interest: Indirect beneficial Clearance obtained Yes Sandton 14-Nov-07 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) - By: JSE SENS DEP
OLD MUTUAL - [15 November 2007]
Transaction in Own Shares Old Mutual plc ("the Company") announces that on 13 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 2,195,941 of the Company's ordinary shares of 10p each. 1,500,000 of these shares were acquired on the London Stock Exchange at an average price of 166.48 pence per share and 695,941 shares were acquired on the JSE Limited at an average price of ZAR 23.35 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,469,619,373 ordinary shares of 10p each (excluding the 39,632,646 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 Ref 80/07 14-Nov-07 Sponsor - By: Merrill Lynch
SHOPRITE - [15 November 2007]
DEALING IN SECURITIES BY A DIRECTOR In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Director Adriana Cecilia Vosloo Office Held Director of Shoprite Checkers (Pty) Ltd Date transaction effected 12 November 2007 Number of shares 25,000 Sale price per share 4166 cents Value of the transaction R1,041,500 Class of shares Ordinary Interest Direct beneficial Nature of transaction Exercise of share options at a strike price of 619.5 cents per share and subsequent sale Written clearance to deal received Yes Cape Town Date 14 November 2007 Sponsor Nedbank Capital Date: 14/11/2007 07:52:40 Produced by the JSE SENS Department. DEALING IN SECURITIES BY A DIRECTOR In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Director Aubrey Errol Karp Office Held Director Date transaction effected 13 November 2007 Number of shares 750 Price per share 4100 cents Value of the transaction R30,750.00 Class of shares Ordinary Interest Direct beneficial Nature of transaction Purchase of shares in the open market Written clearance to deal received Yes Cape Town Date 14 November 2007 Sponsor Nedbank Capital - By: JSE SENS DEP
TRANS HEX - [15 November 2007]
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2007 AND CASH DIVIDEND DECLARATION Further to the company's results; please see company website: www.transhex.co.za DIVIDEND DECLARATION The directors have resolved to declare dividend number 54 of 5,0 cents per share for the interim period ended 30 September 2007. Last day to trade (cum dividend) Friday, 7 December 2007 First date of trading (ex dividend) Monday, 10 December 2007 Record date Friday, 14 December 2007 Payment date Tuesday, 18 December 2007 Share certificates may not be dematerialised or rematerialised between Monday 10 December 2007 and Friday 14 December 2007, both days inclusive. Date: 14/11/2007 08:12:48 Produced by the JSE SENS Department. - By: JSE SENS DEP
ANGLO AMERICAN - [14 November 2007]
Purchases of Ordinary Shares in the Company The Company announces that on 12 November 2007, an independent company purchased 122,000 ordinary shares of the Company at prices between GBP32.94 and GBP33.72 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. Anglo American plc currently holds 20,683,518 ordinary shares in treasury, and has 1,322,228,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 100,091,983 ordinary shares, representing 7.57 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). - By: Catherine Marshall
ELLERINES - [14 November 2007]
RESULTS OF THE GENERAL MEETING Shareholders are advised that, at the general meeting of Ellerines held at the registered office of the company today, the resolution regarding the amendment to The Ellerine Employees Share Trust was passed by the requisite majority of shareholders present or represented by proxy thereat. Johannesburg 13-Nov-07 Investment Bank and Sponsor Nedbank Capital Date: 13/11/2007 11:11:59 Produced by the JSE SENS Department. DEALING IN SECURITIES BY A DIRECTOR In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to dealing in securities by a director is disclosed: Executive director: M C M Carter Company: Ellerine Furnishers (Pty) Limited Date of transaction: 12 November 2007 Number of shares: 5000 Average price per share: R84.95 Value of transaction: R424,750.00 Extent of interest: Direct beneficial Share class: Ordinary shares Nature of transaction: 5 000 shares sold on the open market arising from the vesting of share options at an offer price of R15.25 per share Clearance to deal obtained: Yes Johannesburg 13-Nov-07 Sponsor Nedbank Capital Date: 13/11/2007 12:30:02 Produced by the JSE SENS Department. - By: JSE SENS DEP
NAMIBIA ASSET MANAGERS - [14 November 2007]
FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2007 The Namibia Asset Management Ltd Group (the "Group") is pleased to report a good set of results for the year ended 30 September 2007. The restructuring of the Group's business to become a focussed asset manager has now been substantially finalised. Group revenue increased by 30.6% to N$ 26 million (September 2006: N$19.9 million) and profit before tax is up by 44.4%. However, profit after tax decreased by 42.2% to N$ 4.8million (September 2006: N$ 8.3 million). This resulted from a significant utilisation of the once - off deferred tax asset raised in the prior year. The write down of Harvest Reinsurance assets as well as the recognition of a material share based payment in respect of the staff share incentive trust were significant non - cash transactions recognised in the current year. ASSET MANAGEMENT Financial market performance The global economic backdrop is a lot more uncertain than it has been for some time. While the outlook for the USA has deteriorated markedly, economies in the rest of the world continue to perform well. The volatility of financial markets in the third quarter of 2007 tested the resolve of investors. The quarter was dominated by concerns regarding the US sub-prime housing market and credit problems. The South African ("SA") economy is slowing appreciably as higher interest rates finally work their way through the system. The fall out of higher rates is compounded by high food inflation and oil prices. We remain of the view that the SA economy is experiencing a normal cycle and that the economy will comfortably absorb a slow down in consumer spending. Our client portfolios remain defensively positioned within the domestic universe. Institutional Assets under management increased by 13.5% from N$ 7.4 billion (September 2006) to N$ 8.4 billion (September 2007) despite a substantial outflow in excess of N$ 1 billion from one of our clients during the year under review. The outflow resulted from a geographic and asset allocation restructuring within the client's fund. This outflow has however been offset by new client inflows. Namibia Asset Management's ("NAM") best investment house view portfolios continue to perform strongly over the longer term, ending second in the Alexander Forbes Survey of Namibian Retirement Funds for the one and three year periods ended September 2007. NAM's "Namibian only" discretionary mandates also continue to perform strongly over the longer term, ending first and second in the Alexander Forbes Survey of Namibian Retirement Funds for the one and three year periods ended September 2007. NAM's medical aid discretionary mandate continues to perform strongly ending first in the Alexander Forbes South African Medical-Aid Manager Watch Survey for September 2007. Retail Our two unit trust portfolios again delivered positive results. We are in the process of changing the names and the investment mandates of these two funds. The Namibian Harvest Platinum Money Fund will be renamed to NAM Coronation Strategic Income Fund and will have a somewhat more aggressive investment mandate. The Namibian Harvest Platinum Balanced Fund will be renamed to NAM Coronation Balanced Defensive Fund and will adopt a more defensive investment philosophy. All the documentation has been submitted to the Regulator and Trustees and the new funds have been launched on the 8th of November 2007. Futeni (Debt Collection) At year-end, one remaining account had not yet been settled. Due to the uncertainty of the outcome, no asset has been recognised, however significant progress has been made in the finalisation. Harvest Reinsurance The shortage of qualified re-insurance personnel has delayed the settling of the remaining assets and liabilities of this business. Recent progress has led to the impairment of most of the Harvest Reinsurance assets as well as the reversal of all but a small amount of outstanding claims. Shareholding During the 12 months under review, the empowerment shareholder /Ae//Gams Investments reduced its shareholding by 14% from 21% to 7% to enable staff and the staff trust to become shareholders. This transaction further aligns the interests of staff with the interests of clients and shareholders. Prospects It is the fourth consecutive year that the financial markets produced exceptional returns. It would be unrealistic to expect that this will necessarily continue. As they say: "Trees cannot grow to heaven". Volatility in financial markets has increased but rather than to make short term predictions, we are committed to guard and grow the assets entrusted to us, through all financial market cycles. We are extremely grateful and proud of the on-going support and confidence that our clients have demonstrated by entrusting their savings to us. We would also like to thank our staff for their continued dedication and commitment. Dividend A dividend of 2 cents per ordinary share as well as a 2 cents special dividend per share has been declared on the 2nd of November 2007 (September 2006: 2 cents per ordinary share as well as 1 cent special dividend per ordinary share). The salient dates are as follows: Last day to trade: 11 January 2008 Securities start trading ex - dividend: 07 January 2008 Payment date: 25 January 2008 A MUSHIMBA AB BERTOLINI CHAIRMAN CHIEF EXECUTIVE OFFICER Auditors Review Opinion The condensed consolidated results for the year as at and for the year ended 30 September 2007 have been reviewed by KPMG Namibia. The auditor's unqualified review opinion is available for inspection at the company's registered office. Directors: A Mushimba (Chairman), AB Bertolini (CEO), MM Du Toit*, P Davis*, RG Young*, MF Fehrsen, B Dempsey (* SOUTH AFRICAN) Company secretary: Cornell Karsten Registered office: 1st Floor, KPMG House 2005, Orban Street, Klein Windhoek P.O. Box 23329, Windhoek, Namibia Transfer secretary: Transfer Secretaries (Pty) Ltd Kaiserkrone Centre, Post Street Mall P.O. Box 2401, Windhoek, Namibia Registration No, 93/713 Auditor: KPMG Registered Accountants and Auditors Chartered Accountants (Namibia) P.O. Box 30, Windhoek, Namibia Sponsor: IJG Securities (Pty) Ltd Member of the NSX 12 Love Street P.O. Box 186, Windhoek, Namibia Registration No. 95/505 NAMIBIA ASSET MANAGEMENT LTD REVIEWED CONDENSED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Sep-07 CONDENSED GROUP INCOME STATEMENT Reviewed Audited 30 30 September September 2006 2007 N$'000 N$'000 % Continuing operations Revenue 25 980 19 887 30.6 Other income 474 471 0.6 Operating expenditure (18 643) (15 557) (19.8) Operating profit before interest and 7 811 4 801 62.7 tax Net financing income 565 591 (4.4) Profit before tax 8 376 5 392 55.3 Income tax (3 002) 2 894 (203.7) Profit for the year - Continuing 5 374 8 286 (35.1) operations Discontinued operations Revenue - 7 (100.0) Operating expenditure (840) (167) (403.0) Operating profit before interest and (840) (160) (425.0) tax Net financing income 250 208 20.2 (Loss) / Profit before tax - (590) 48 (1329.2) Discontinued operations Total profit for the year 4 784 8 334 (42.6) attributable to ordinary shareholders Earnings per share in cents 2.40 4.17 (42.4) Full amount of shares in issue Earnings per share in cents 2.56 4.46 (42.6) Amount of shares in issue net of 13.12 million deemed treasury shares CONDENSED GROUP BALANCE SHEET Reviewed Audited 30 September 30 September 2007 2006 N$'000 N$'000 ASSETS Non - current assets 3 155 6 465 Equipment 183 147 Intangible assets 11 32 Investments 2 000 2 000 Deferred taxation 961 4 286 Current assets 19 283 15 775 Trade and other receivables 5 671 5 261 Investments 609 1 174 Cash and cash equivalents 9 476 4 055 Assets classified as held for sale 3 527 5 285 22 438 22 240 TOTAL ASSETS EQUITY AND LIABILITIES TOTAL EQUITY 16 441 16 655 Issued share capital and premium 7 923 7 923 Deemed treasury shares (705) (1 092) Share based payment reserve 608 - Retained earnings 8 615 9 824 Current liabilities 5 997 5 585 Trade and other payables 5 252 3 591 Current tax liability - 59 Shareholders for dividend 91 79 Bank overdrafts 6 65 Liabilities classified as held for 648 1 791 sale 22 438 22 240 TOTAL EQUITY AND LIABILITIES CONDENSED GROUP STATEMENT OF CHANGES IN EQUITY Ordinary Share Deemed based share Share Retained payment treasury capital premium earnings reserve shares Total N$'000 N$'000 N$'000 N$'000 N$'000 N$'000 Balance as at 1 958 6 054 9 900 - (378) 17 534 1-Oct-05 Shares (89) - - - (714) (803) purchased by the share incentive scheme Net profit for - - 8 334 - - 8 334 the year Dividends paid - - (8 410) - - (8 410) Balance as at 1 869 6 054 9 824 - (1 092) 16 655 30-Sep 2006 Staff share - - (387) - 387 - options issued Share based - - - 608 - 608 payment after tax Net profit for - - 4 784 - - 4 784 the year Dividends paid - - (5 606) - - (5 606) Balance as at 1 869 6 054 8 615 608 (705) 16 441 30-Sep 2007 CONDENSED GROUP CASH FLOW STATEMENT Reviewed Audited 30 September 30 September 2007 2006 N$'000 N$'000 Cash flow from operating activities Cash generated by operations 10 051 3 741 Dividends paid (5 594) (8 400) Taxation (59) (1 016) Finance income 833 812 Finance cost (18) (12) Net cash flow from operating activities 5 213 (4 875) Cash flow from investing activities Equipment acquired during the year (168) (25) Acquisitions of intangible assets - (13) Investments made / redeemed 565 - Purchase of additional shares for the share - (803) incentive scheme Proceeds on sale of equipment 10 - Proceeds from Futeni retained accounts - 1 375 Proceeds from sale of subsidiary - 128 Net cash flows from investing activities 407 662 Net movement in cash and cash equivalents 5 620 (4 213) Cash and cash equivalents at the beginning of 7 217 11 430 the year Cash and cash equivalents at the end of the 12 837 7 217 year CONDENSED SEGMENT INFORMATION Segment Segment revenue revenue Reviewed Audited 30 September 30 September 2007 2006 N$'000 N$'000 Asset and unit trust management 25 980 19 852 Re-insurance - 7 Debt-collection - 30 Other - 5 Segment result Segment result Before Before interest and interest and tax tax Reviewed Audited 30 September 30 September 2007 2006 N$'000 N$'000 Asset and unit trust management 7 811 4 314 Re-insurance (840) (161) Debt-collection - 81 Other - 44 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Reporting entity Namibia Asset Management Ltd (the "Company") is a company domiciled in Namibia. The condensed consolidated financial statements of the Company as at and for the year ended 30 September 2007 comprises the company and its subsidiaries (together referred to as the "Group"). 2. Statement of compliance These condensed consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS). They do not include all the relevant information required for full annual financial statements, and should be read in conjunction with the consolidated financial statements for the Group as at and for the year ended 30 September 2007. These condensed consolidated financial statements were approved by the Board of Directors on 2 November 2007. 3. Significant accounting policies The accounting policies applied by the Group in these condensed consolidated financial statements are the same as those applied by the Group in its consolidated financial statements as at and for the year ended 30 September 2006. 4. Headline earnings per ordinary share Reviewed Audited 30 30 September September 2007 2006 N$'000 N$'000 % Reconciliation of basic earnings to headline earnings Basic earnings 4 784 8 334 Loss on disposal of fixed assets 95 - Profit on disposal of fixed assets - (58) 4 879 8 276 Headline earnings per share in cents 2.44 4.14 (41.06) Full amount of shares in issue Headline earning per share in cents 2.61 4.43 (41.08) Amount of shares in issue net of 13.12 million deemed treasury shares Date: 13/11/2007 16:38:13 Produced by the JSE SENS Department. - By: JSE SENS DEP
OLD MUTUAL - [14 November 2007]
Transaction in Own Shares Old Mutual plc ("the Company") announces that on 12 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 2,350,000 of the Company's ordinary shares of 10p each. 1,750,000 of these shares were acquired on the London Stock Exchange at an average price of 163.38 pence per share and 600,000 shares were acquired on the JSE Limited at an average price of ZAR 22.84 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,471,729,984 ordinary shares of 10p each (excluding the 37,436,705 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 Ref 79/07 13-Nov-07 Sponsor Merrill Lynch - By: JSE SENS DEP
OLD MUTUAL - [13 November 2007]
Transaction in Own Shares Old Mutual plc ("the Company") announces that on 9 November 2007 it purchased through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited a total of 4,215,000 of the Company's ordinary shares of 10p each. 3,000,000 of these shares were acquired on the London Stock Exchange at an average price of 162.07 pence per share and 1,215,000 shares were acquired on the JSE Limited at an average price of ZAR 22.48 per share. The purchased shares will be held in treasury. The Company's current issued share capital is now 5,474,079,984 ordinary shares of 10p each (excluding the 35,086,705 shares that have so far been repurchased into treasury). Old Mutual For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Enquiries Investor Relations Aleida van Herel UK +44 (0)20 7002 7287 Deward Serfontein SA +27 (0)21 509 8709 Media James Crampton UK +44 (0)20 7002 7133 Nad Pillay SA +27 (0)82 553 7980 12-Nov-07 Sponsor Merrill Lynch - By: MERRILL LYNCH
SHOPRITE - [13 November 2007]
DEALING IN SECURITIES BY A DIRECTOR In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Director: Aubrey Errol Karp Office Held: Director Date transaction effected 9 November 2007 1. Number of shares purchased: 3,056 Purchase price per share: 4020 cents Value of the transaction: R122,851.20 Class of shares: Ordinary Nature of transaction: Purchase of shares in the open market Interest: Direct beneficial Clearance to deal received: Yes 2. Number of shares purchased: 19,629 Purchase price per share: 4020 cents Value of the transaction: R789,085.80 Class of shares: Ordinary Nature of transaction: Purchase of shares in the open market Interest: Direct beneficial Clearance to deal received: Yes 3. Number of shares purchased: 668 Purchase price per share: 4020 cents Value of the transaction: R26,853.60 Class of shares: Ordinary Nature of transaction: Purchase of shares in the open market Interest: Direct beneficial Clearance to deal received: Yes 4. Number of shares purchased: 6,146 Purchase price per share: 4020 cents Value of the transaction: R247,069.20 Class of shares: Ordinary Nature of transaction: Purchase of shares in the open market Interest: Direct beneficial Clearance to deal received: Yes Cape Town Date: 12 November 2007 Sponsor Nedbank Capital - By: NEDBANK CAPITAL
TRUSCO - [13 November 2007]
ANNOUNCEMENT OF THE DETAILS OF AN ACQUISITION BY TRUSTCO GROUP HOLDINGS LIMITED (TRUSTCO) AND UPLIFTMENT OF CAUTIONARY ANNOUNCEMENT 1. Introduction On 2 November 2007 a written agreement was concluded between Dex Group (Pty) Ltd (Dex) a company incorporated in South Africa and Trustco Group International SA (Pty) Ltd (TGI) in terms whereof TGI acquired the entire shareholding, loan accounts and claims in Dex Group Financial Services (Pty)(DFS) Ltd as well as E-Sure, a computer software system. TGI is a wholly owned subsidiary of Trustco and is registered in South Africa as a private company with registration number 2003/012197/07. DFS in turn wholly owns four subsidiaries. They are: Brokernet (Pty) Ltd Dex Corporate Solutions (Pty) Ltd ICE Insurance Claims (Pty) Ltd Dex Group Informatrix (Pty) Ltd DFS and its subsidiaries conduct business in the financial services sector in South Africa. It manages policy and claims administration and money management on behalf of registered brokers in the short term insurance industry at an agreed fee. The transaction constitutes a category 3 transaction as defined in paragraph 9.5 of the Namibian Stock Exchange Listings requirements. This announcement is made in accordance with paragraph 9.15 of the said listings requirements. 2. Particulars of the Transaction The vendor is Dex Group (Pty) Ltd a company with limited liability, incorporated in the Republic of South Africa and referred to herein as Dex. Dex is the sole shareholder of DFS. The effective date of the transaction is 31 October 2007 if the conditions precedent are fulfilled on or before 30 November 2007. The agreement is subject to the following conditions precedent. The Namibian Stock Exchange granting its approval if required. The approval or ratification of The agreement by The boards of The parties respectively. Trustco and TGI being satisfied in their sole discretion with The outcome of a due diligence investigation. An Intermediaries Guarantee Facility remaining in place until The effective date. All conditions precedent must be fulfilled by 30 November 2007 failing which the agreement will lapse. The Board of Trustco is confident that the conditions precedent will be fulfilled in time. 3. Other significant terms of the agreement 3.1 TGI also acquired "E-Sure" being a software system maintained and upgraded by the Dex Group of companies, which is used in the business of policy administration and money management by the subsidiaries referred to above. "E-Sure" was valued independently in 2004 at ZAR60 million by Mr. Pierre Cronje, a Business and Information Technology Consultant. The board has no reason to doubt the validity of the valuation. 3.2 In terms of the agreement the senior management structure as currently in place will continue to manage the business. The Competition Board in South Africa advised that notification of the transaction is not necessary thus disposing of the aspect of competitions board approval. 4. The purchase consideration which is capped at ZAR65 million is structured as follows: 4.1 ZAR20 million in cash when the suspensive conditions are met or waived. 4.2 The issue of shares in Trustco at N$3.80 per share in four tranches on 31 May 2008, 31 May 2009, 31 May 2010 and 31 May 2011. The number of shares issued in each tranche is equal to the value of the net profit after tax achieved by DFS and its subsidiaries at 31 March 2008, 31 March 2009, 31 March 2010 and 31 March 2011 respectively. The rationale of the transaction is the commitment of Trustco to expand its business operations to South Africa or other SADC countries in inter alia the financial services sector. To the extent necessary the articles of association of DFS will be amended to conform to Schedule 10 of the Namibian Stock Exchange Listings requirements. The enhancement of Trustco's financial position as a result of the acquisition appears from the key financial indicators. Key Ratio's 31 October 2007 31 March 2008 31 March 2009 TSO Shares in 120 117 120 117 121 943 issue (net of deemed treasury shares) (000's) TSO NAV 92 602 95 561 108 467 (N$ 000's) DFS Profit 3 978 6 937 12 907 after tax (N$ 000's)* Guarenteed TSO increase 3.31 5.77 10.61 in EPS (cents) TSO increase 3.31 5.77 10.61 in HEPS (cents) NAV / share 0.77 0.80 0.89 (N$) By order of the board. P J Miller Company Secretary 12-Nov-07 Registered Office: Trustco House 2 Keller Street P O Box 11363 Windhoek Namibia Directors: TJ Frank (Chairman), V de Klerk, Dr D Namwandi, M Nashandi, G Walters, AH Toivo ya Toivo, Q van Rooyen (Managing Director), FJ Abrahams Sponsor:I J G Securities (Pty) Ltd Member of the NSX 12 Love Street P O Box 186, Windhoek, Namibia - By: IJG
ANGLO AMERICAN - [9 November 2007]
ANGLO AMERICAN PLC Purchases of Ordinary Shares in the Company The Company announces that on 7 November 2007, an independent company purchased 627,000 ordinary shares of the Company at prices between GBP31.51 and GBP32.21 per share. This purchase was made by an independent company to be funded by a wholly owned overseas subsidiary of the Company, which wholly owned subsidiary will have the right to nominate a transferee for such shares, and otherwise in accordance with arrangements substantially the same as those announced by the Company on 23 March 2006. Anglo American plc currently holds 20,683,518 ordinary shares in treasury, and has 1,322,228,379 ordinary shares in issue (excluding treasury shares) and the independent companies referred to in the announcement of 23 March 2006 together hold 99,754,714 ordinary shares, representing 7.54 per cent of Anglo American plc's ordinary shares in issue (excluding treasury shares). - By: Catherine Marshall
BARLOWORLD - [9 November 2007]
THE PROPOSED UNBUNDLING AND SEPARATE LISTING OF FREEWORLD COATINGS LIMITED (PREVIOUSLY THE COATINGS DIVISION OF BARLOWORLD) ("COATINGS") 1. Introduction Following deliberations by the Barloworld board, as well as shareholder engagement, it was announced on 18 December 2006 that the Barloworld board would continue to review the Barloworld structure and, in addition to the unbundling of Pretoria Portland Cement Company Limited ("PPC"), further unbundlings or disposals would follow in the future. In this regard, in the announcement dated 31 July 2007, following the announcements dated 18 December 2006, 25 January 2007 and 27 March 2007, published on the Securities Exchange News Service ("SENS"), Barloworld confirmed its intention to dispose of its interest in Coatings through a distribution of the ordinary shares of Coatings held by Barloworld to the Barloworld ordinary shareholders. 2. Rationale for the unbundling The unbundling will have a number of benefits, including: unlocking the value gap between Barloworld's intrinsic value and its market value; and the creation of a more focused Barloworld Group. 3. The unbundling Subject to the fulfilment of the conditions precedent as set out in paragraph 4 below, 203 843 388 Coatings ordinary shares ("the Coatings distribution shares"), constituting all of the ordinary shares held by Barloworld in Coatings, will be distributed to Barloworld ordinary shareholders recorded in the register at the close of business on 7 December 2007 ("the Record Date"), in the entitlement ratio of one Coatings ordinary share for every one Barloworld ordinary share held by a Barloworld ordinary shareholder ("the entitlement ratio"). The distribution will be undertaken in terms of section 90 of the Companies Act, No. 61 of 1973 as amended and in accordance with section 46 of the Income Tax Act, No. 58 of 1962, as amended. 4. Conditions precedent The unbundling is subject to the fulfilment of the following conditions precedent: the passing by the Barloworld ordinary shareholders at the general meeting of the ordinary resolutions necessary to implement the unbundling to be held at 12h00 on Friday, 23 November 2007; the granting of an exemption, by the US Securities and Exchange Commission to Coatings, from the registration and reporting requirements of section 12(g) of the US Securities Exchange Act of 1934, as amended, in reliance with Rule 12g3- 2(b) thereunder; and - the approval by the JSE Limited ("JSE")of the listing of the Coatings ordinary shares on the JSE on the listing date, being Monday, 3 December 2007. 5. Salient dates and times The salient dates and times of the unbundling and listing of Coatings distribution shares are as follows: 2007 Last day for lodging of forms of proxy for the general meeting by 12:00 on Wednesday, 21 November General meeting of Barloworld shareholders at 12:00 on Friday, 23 November Results of the general meeting released on SENS on Friday, 23 November Results of the general meeting published in the press on Monday, 26 November Last day to trade in Barloworld ordinary shares on the JSE to participate in the unbundling on Friday, 30 November Barloworld ordinary shares trade ex the entitlement to the Coatings distribution shares on Monday, 3 December Coatings ordinary shares commence trading under the JSE share code FWD and ISIN ZAE000109450 on Monday, 3 December Record date to participate in the unbundling on Friday, 7 December Share certificates in respect of the ordinary shares of Coatings will be posted by registered post to certificated Barloworld ordinary shareholders, at the risk of the certificated Barloworld ordinary shareholders concerned, and dematerialised Barloworld ordinary shareholders will have their accounts at the CSDP or broker updated with the ordinary shares of Coatings on Monday, 10 December Notes: The abovementioned times and dates are South African times and dates and are subject to change. Any such change will be released on SENS and published in the press. Barloworld ordinary shareholders may not dematerialise or re-materialise their Barloworld ordinary shares between Monday, 3 December 2007 and Friday, 7 December 2007, both days inclusive. 6 Pro forma financial effects of the unbundling The illustrative pro forma financial effects set out below have been prepared to assist Barloworld ordinary shareholders to assess the impact of the unbundling on the earnings per share ("EPS"), headline earnings per share ("HEPS") and net asset value ("NAV") and tangible net asset value ("TNAV") per Barloworld ordinary share. The material assumptions are set out in the notes following the table, and include the payment of an indebtedness to Barloworld of an inter- company amount of R900 million. Due to the nature of the pro forma financial effects, they may not fairly present the Barloworld Group's financial position after the unbundling, nor the effect on the Barloworld Group's future earnings. The pro forma financial effects are the responsibility of the Barloworld board and are provided for illustrative purposes only. Impact on Barloworld Barloworld Barloworld after the after the unbundling unbundling change of PPC of % Coatings (cents) (cents) EPS 3251 2742 (16) HEPS 4041 3522 (13) NAV per 5 0813 5 0964 0 Barloworld ordinary share TNAV per 3 8863 3 9514 2 Barloworld ordinary share Impact on Barloworld ordinary shareholders Barloworld Barloworld Coatings Barloworld after the after the earnings/ after the unbundling unbundling value per unbundling of PPC of Coatings Barloworld combined change share % (cents) (cents) (cents) EPS 3251 2742 555 329 1 HEPS 4041 3522 555 407 1 NAV per 5 0813 5 0964 2716 Barlowor 5 367 6 ld ordinary share TNAV per 3 8863 3 9514 2216 Barlowor 4 172 7 ld ordinary share Notes: 1. The EPS and HEPS, as set out in the "Barloworld after the unbundling of PPC" column of the table, have been extracted from the PPC unbundling circular, are based on the results of the Barloworld Group for the six months ended 31 March 2007 and have been calculated based on a weighted average of 201 686 000 Barloworld ordinary shares in issue for the period to 31 March 2007. 2. The EPS and HEPS, as set out in the "Barloworld after the unbundling of Coatings" column of the table, have been calculated on the earnings of Barloworld excluding Coatings, based on a weighted average of 201 686 000 Barloworld ordinary shares in issue for the period to 31 March 2007. 3. The NAV and TNAV per Barloworld ordinary share, as set out in the Barloworld after the unbundling of PPC column of the table, have been extracted from the PPC unbundling circular and calculated based on 203 345 000 Barloworld ordinary shares in issue at 31 March 2007. 4. The NAV and TNAV per Barloworld ordinary share, as set out in the Barloworld after the unbundling of Coatings column of the table, have been calculated on the Balance Sheet of Barloworld excluding Coatings, based on 203 345 000 Barloworld ordinary shares in issue at 31 March 2007. 5. The EPS and HEPS, as set out in the "Coatings earnings/ value per Barloworld share" column of the table, have been calculated on the reviewed earnings of Coatings for the six months to 31 March 2007, based on a weighted average of 201 686 000 Coatings shares and the entitlement ratio. The NAV and TNAV, as set out in the "Coatings earnings/ value per Barloworld share" column of the table, have been calculated on the reviewed balance sheet of Coatings at 31 March 2007, based