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United Kingdom

Kap Industrial Holdings Ltd (KAPJ.J)

KAPJ.J on Johannesburg Stock Exchange

727.00ZAc
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Steinhoff Gives Details of Sale Of Shares In KAP Industrial Holdings Limited
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Steinhoff International Holdings NV ::STEINHOFF INTERNATIONAL HOLDINGS N.V.: SALE OF SHARES IN KAP INDUSTRIAL HOLDINGS LIMITED.STEINHOFF SAYS HAS SUCCESSFULLY PLACED PLACING SHARES AT PRICE OF R6.85 PER PLACING SHARE RAISING TOTAL GROSS PROCEEDS OF R4.8 BILLION (C. EUR 293 MILLION).STEINHOFF SAYS PLACING SHARES CONSTITUTE ABOUT 26% OF KAP'S ISSUED SHARE CAPITAL.STEINHOFF SAYS PLACING SHARES WILL BE ALLOCATED IN TERMS OF PLACING, RESULTING IN COMPANY NO LONGER HOLDING A DIRECT INTEREST IN KAP.STEINHOFF SAYS SETTLEMENT OF PLACING IS EXPECTED TO OCCUR ON MONDAY, 01 APRIL.  Full Article

Steinhoff Launches Placing Of Up To 694.2 Mln Shares In KAP Industrial
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Steinhoff International Holdings NV ::LAUNCH OF PLACING OF UP TO 694,206,661 SHARES IN KAP INDUSTRIAL HOLDINGS LIMITED.TO APPLY PROCEEDS FROM SALE OF PLACING SHARES TO MEET OBLIGATIONS ARISING FROM ITS ANNOUNCED DEBT RESTRUCTURING PROCESS.DECIDED TO LAUNCH ACCELERATED BOOKBUILD OF RESIDUAL INDIRECT SHAREHOLDING OF 694.2 MILLION SHARES IN KAP INDUSTRIAL HOLDINGS LIMITED.IN EVENT THAT ALL OF PLACING SHARES SOLD PURSUANT TO PLACING, STEINHOFF WILL NO LONGER HOLD AN INTEREST IN KAP.IN EVENT THAT ALL OF PLACING SHARES ARE SOLD, MEMBERS OF KAP'S BOARD OF DIRECTORS NOMINATED BY STEINHOFF INTEND TO RESIGN.BOOK WILL OPEN WITH IMMEDIATE EFFECT AND IS EXPECTED TO CLOSE AS SOON AS POSSIBLE.PRICING AND ALLOCATIONS WILL BE ANNOUNCED AS SOON AS PRACTICABLE FOLLOWING CLOSING OF BOOK.PLACING WILL BE CARRIED OUT BY STANDARD BANK OF SOUTH AFRICA LIMITED AND INVESTEC BANK AS JOINT BOOKRUNNERS.  Full Article

KAP Industrial Holdings Says HY Core HEPS From Cont Ops 30.1 Cents
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Kap Industrial Holdings Ltd ::HY REVENUE FROM CONTINUING OPERATIONS INCREASED BY 16% TO R13 290 MILLION (1H18: R11 478 MILLION).MACROECONOMIC AND POLITICAL ENVIRONMENT IN SOUTH AFRICA EXPECTED TO REMAIN CHALLENGING AND UNCERTAIN DURING SECOND HALF OF FY.HY HEADLINE EARNINGS FROM CONTINUING OPERATIONS PER ORDINARY SHARE 22.8 CENTS.HY CORE HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS INCREASED BY 6% TO 30.1 CENTS (1H18: 28.3 CENTS).  Full Article

Steinhoff Raises 3.67 Bln Rand From Sale Of Shares In KAP Industrial
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Steinhoff International Holdings Nv ::‍SALE OF SHARES IN KAP INDUSTRIAL HOLDINGS LIMITED​.‍BOOK OF DEMAND WAS MULTIPLE TIMES OVERSUBSCRIBED​.‍SUCCESSFULLY PLACED PLACING SHARES AT PRICE OF R8.15 PER PLACING SHARE RAISING TOTAL GROSS PROCEEDS OF R3.667 BILLION​.‍SETTLEMENT OF PLACING IS EXPECTED TO OCCUR ON FRIDAY, 16 MARCH 2018​.  Full Article

KAP Industrial Says ‍HY Revenue From Cont Ops Up By 29 Pct To 11.5 Bln​ Rand
Monday, 12 Feb 2018 

Feb 12 (Reuters) - Kap Industrial Holdings Ltd ::‍HY REVENUE FROM CONTINUING OPERATIONS UP BY 29% TO R11.5BN​.HY ‍HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS UP BY 11 PERCENT​.‍HY NET ASSET VALUE PER SHARE UP BY 9%​.‍BOARD OF DIRECTORS HAS NOT DECLARED AN INTERIM DIVIDEND​.  Full Article

KAP Industrial says FY revenue from continuing operations up 23 pct
Monday, 14 Aug 2017 

Aug 14 (Reuters) - KAP Industrial Holdings Ltd ::FY REVENUE FROM CONTINUING OPERATIONS UP BY 23 pct TO R20BN.FY HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS UP BY 15.4 pct.FY DIVIDEND PER SHARE INCREASED BY 17 pct.FY NET ASSET VALUE PER SHARE UP BY 17 pct.FY CASH GENERATED FROM OPERATIONS BEFORE WORKING CAPITAL CHANGES INCREASED BY 16.9 pct TO R3 341 MILLION (2016: R2 858 MILLION).FY HEPS FROM CONTINUING OPERATIONS INCREASED AT 55.6 CENTS (2016: 48.2 CENTS)."EXPANSION OF HOSAF PET OPERATION, WITH SIGNIFICANTLY ENHANCED PRODUCTION CAPACITY, WILL RESULT IN REVENUE AND OPERATING PROFIT GROWTH".  Full Article

Steinhoff sells South African auto showrooms unit to France's CFAO

JOHANNESBURG, March 28 Steinhoff has sold a majority stake in its South African auto dealerships unit, it said on Thursday, days after selling its stake in a local industrial group to shore up its finances following a devastating accounting fraud.