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United Kingdom

Metair Investments Ltd (MTAJ.J)

MTAJ.J on Johannesburg Stock Exchange

2,276.00ZAc
22 May 2019
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Latest Key Developments (Source: Significant Developments)

Metair Investments Reports FY Revenue 10.28 Bln Rand VS 9.52 Bln Rand
Thursday, 14 Mar 2019 

March 14 (Reuters) - Metair Investments Ltd ::JSE: MTA - CONDENSED AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 AND DIVIDEND ANNOUNCEMENT..METAIR INVESTMENTS LTD - FY REVENUE 10.28 BILLION RAND VERSUS 9.52 BILLION RAND.METAIR INVESTMENTS LTD - FY DILUTED HEADLINE EARNINGS PER SHARE 325 CENTS.METAIR INVESTMENTS LTD - GROSS CASH DIVIDEND OF 100 CENTS PER SHARE HAS BEEN DECLARED BY BOARD IN RESPECT OF YEAR ENDED 31 DECEMBER 2018.METAIR - CURRENT HIGH LEVELS OF GEO-POLITICAL UNCERTAINTY, LABOUR VOLATILITY IN SOUTH AFRICA & TURKEY LIKELY TO CONTINUE UNTIL AFTER ELECTIONS IN MAY.METAIR - WAGE NEGOTIATION PROCESS IN SOUTH AFRICA AND TURKEY THIS YEAR COULD BE "CHALLENGING".  Full Article

Metair Says Value Capital Partners Now Holds 10.52 Pct of Co
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Metair Investments Ltd ::JSE: MTA - NOTICE OF AN ACQUISITION OF A BENEFICIAL INTEREST IN METAIR SECURITIES.METAIR INVESTMENTS LTD - VALUE CAPITAL PARTNERS LTD ACQUIRED A BENEFICIAL INTEREST IN METAIR SECURITIES.METAIR INVESTMENTS LTD - FOLLOWING ACQUISITION, VCP NOW HOLDS 10.52% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF COMPANY.  Full Article

Metair Investments Says Kagiso Now Holds 9.44 Pct Of Issued Ordinary Share Capital Of Co
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Metair Investments Ltd ::KAGISO NOW HOLDS 9.44% OF ISSUED ORDINARY SHARE CAPITAL OF COMPANY.  Full Article

Metair Investments Says It Plans To Repurchase Up To 5 Pct In Co
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Metair Investments Ltd ::HAS ESTABLISHED A SHARE REPURCHASE PROGRAMME.SHARE REPURCHASE PROGRAMME TO BUY UPTO 9.9 MILLION SHARES, BEING 5 PCT OF COMPANY'S ISSUED SHARE CAPITAL.TOTAL CAPITAL ALLOCATED BY METAIR FOR REPURCHASE PROGRAMME IS R150 MILLION.  Full Article

Metair Investments Says HY HEPS Up 16 Pct, Lira Volatility Could Impact Prospects
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Metair Investments Ltd ::HY HEADLINE EARNINGS PER SHARE INCREASED 16% TO 132 CENTS PER SHARE.HY REVENUE INCREASED 10% TO R4.5BN.CURRENT LIRA VOLATILITY COULD IMPACT GROUP'S PROSPECT STATEMENT.  Full Article

Metair Agrees With Consortium To End Talks On Potential BEE Transaction
Monday, 2 Jul 2018 

July 2 (Reuters) - Metair Investments Ltd ::UPDATE REGARDING POTENTIAL TRANSACTIONS AND RENEWAL OF CAUTIONARY.IN REGARD TO POTENTIAL BEE TRANSACTION, METAIR HAS MUTUALLY AGREED WITH BEE CONSORTIUM.MUTUALLY AGREED WITH BEE CONSORTIUM THAT IT IS IN BEST INTEREST OF CO TO TERMINATE NEGOTIATIONS RELATING TO POTENTIAL BEE TRANSACTION.POTENTIAL BEE TRANSACTION NOT IN BEST INTEREST OF SHAREHOLDERS AT PRESENT.UNDER CURRENT CONDITIONS, METAIR'S MANAGEMENT FOCUS WILL BE ON "PRESERVING COMPANY'S BALANCE SHEET AND EARNINGS".REGARDING POTENTIAL DEAL, WILL PRESENT A FUNDING STRUCTURE WHICH IS IN LINE WITH ITS STRATEGIC OBJECTIVES.  Full Article

Metair Investments Updates Regarding Potential Acquisition Of TAB
Monday, 25 Jun 2018 

June 25 (Reuters) - Metair Investments Ltd ::UPDATE REGARDING POTENTIAL ACQUISITION OF TAB AND RENEWAL OF CAUTIONARY.CURRENTLY FOCUSSING ON MOST EFFECTIVE AND EFFICIENT DEBT FUNDING ALTERNATIVES FOR PURPOSES OF SETTLING PURCHASE CONSIDERATION.DETERMINED EQUITY FUNDING ALTERNATIVE MAY NOT BE MOST BENEFICIAL AND EFFICIENT MANNER IN WHICH TO FURTHER OBJECTIVES OF POTENTIAL ACQUISITION OF TAB.POTENTIAL TRANSACTION IS STILL IN ITS EARLY STAGES.  Full Article

Metair Investments Submitted Non-Binding Offer To Acquire TAB To The Controlling Shareholders Of TAB
Friday, 1 Jun 2018 

June 1 (Reuters) - Metair Investments Ltd ::SUBMITTED AN INDICATIVE NON-BINDING OFFER TO ACQUIRE TAB TO CONTROLLING SHAREHOLDERS OF TAB.TRANSACTION IS STILL IN ITS EARLY STAGES.METAIR IS IN EXCLUSIVE DISCUSSIONS REGARDING POTENTIAL TRANSACTION, FOR WHICH INDICATIVE PURCHASE CONSIDERATION IS EUR 300 MILLION.PROBABLE DATE OF COMPLETION OF TRANSACTION IS UNCERTAIN AND, IF CONCLUDED, WOULD LIKELY ONLY OCCUR DURING FINAL QUARTER OF 2018.CO ENTERED INTO EXCLUSIVITY AGREEMENT WITH BLACK FEMALE OWNED EMPOWERMENT PARTNER IN RELATION TO 30% DIRECT SHAREHOLDING IN METAIR'S AUTOMOTIVE COMPONENTS VERTICAL.DEAL IS EXPECTED TO EXECUTE ON METAIR'S STRATEGY OF EXPANDING ITS ENERGY VERTICAL AND INDUSTRIAL CELL MANUFACTURING.SUCCESSFUL CONCLUSION OF POTENTIAL BEE TRANSACTION IS EXPECTED TO PROVIDE COMPANY WITH ADDITIONAL FUNDS WHICH MAY BE APPLIED TOWARDS POTENTIAL TRANSACTION.  Full Article