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Pioneer Food Group Ltd (PFGJ.J)

PFGJ.J on Johannesburg Stock Exchange

10,500.00ZAc
20 Aug 2019
Change (% chg)

29.00 (+0.28%)
Prev Close
10,471.00
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10,499.00
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10,500.00
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10,480.00
Volume
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470,076
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Latest Key Developments (Source: Significant Developments)

Pepsico Targets African Growth With Offer To Acquire Pioneer Foods For About US$1.7 Bln
Friday, 19 Jul 2019 

July 19 (Reuters) - Pepsico Inc ::PEPSICO TARGETS AFRICAN GROWTH WITH OFFER TO ACQUIRE PIONEER FOODS.HAS ENTERED INTO AN AGREEMENT TO ACQUIRE ALL OUTSTANDING SHARES OF PIONEER FOODS GROUP LTD.PEPSICO -ACQUISITION WILL BE FUNDED THROUGH A COMBINATION OF DEBT AND CASH, AND HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.SAYS AGREEMENT TO ACQUIRE ALL OUTSTANDING SHARES OF PIONEER FOODS GROUP LTD FOR R110.00 PER SHARE IN CASH.COMPANY WILL CREATE A NEW OPERATING SECTOR FOR SUB-SAHARAN AFRICA ("SSA"), PEPSICO SSA WILL BE LED BY EUGENE WILLEMSEN.ACQUISITION, VALUED AT APPROXIMATELY US $1.7 BILLION.PEPSICO -NEW STRUCTURE WILL NOT IMPACT CO'S REPORTING STRUCTURE, PEPSICO SSA WILL REMAIN PART OF EUROPE SUB-SAHARAN AFRICA FROM FINANCIAL REPORTING PERSPECTIVE.  Full Article

PepsiCo Plans To Acquire South Africa's Pioneer Foods
Friday, 19 Jul 2019 

July 19 (Reuters) - Pioneer Food Group Ltd ::JSE: PFG - FIRM INTENTION ANNOUNCEMENT.PIONEER FOOD - PEPSICO OFFER WILL BE MADE AT A CASH CONSIDERATION OF ZAR110 PER PIONEER FOODS ORDINARY SHARE.PIONEER FOOD GROUP LTD - FIRM INTENTION OF A WHOLLY-OWNED SUBSIDIARY OF PEPSICO TO MAKE AN OFFER TO ACQUIRE ORDINARY SHARES IN PIONEER FOODS.PIONEER FOOD GROUP LTD - INDEPENDENT BOARD UNANIMOUSLY RECOMMENDS PEPSICO OFFER TO PIONEER FOODS ORDINARY SHAREHOLDERS.PIONEER FOOD - INDEPENDENT BOARD BELIEVES THAT IT IS IN INTERESTS OF CO AND ITS SHAREHOLDERS THAT THEY BE GIVEN OPPORTUNITY TO CONSIDER PEPSICO OFFER.PIONEER FOOD - PER SHARE SCHEME CONSIDERATION WILL BE FUNDED BY PEPSICO FROM A COMBINATION OF DEBT AND CASH.PIONEER FOOD -PEPSICO FURNISHED TRP WITH IRREVOCABLE UNCONDITIONAL GUARANTEE ISSUED BY JPMORGAN CHASE, JPM TO PAY UPTO MAXIMUM GUARANTEED OF R25.4 BLN .  Full Article

Pioneer Food Says HY Headline Earnings Per Share Down 14%
Monday, 20 May 2019 

May 20 (Reuters) - Pioneer Food Group Ltd ::UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 MARCH 2019.HY HEADLINE EARNINGS PER SHARE DOWN 14% TO 272 CENTS.HY REVENUE +12% TO R11 039 MILLION.HY ADJUSTED HEADLINE EARNINGS PER SHARE -15% TO 271 CENTS.INTERIM GROSS DIVIDEND PER LISTED ORDINARY SHARE 105 CENTS (2018: 105 CENTS).COST INFLATION IN KEY RAW MATERIALS AND OTHER OPERATIONAL INPUT COSTS REMAINS PRESENT ALTHOUGH IT IS STARTING TO LEVEL OFF.PRESSURE ON OPERATING MARGINS IS EXPECTED TO CONTINUE.  Full Article

Pioneer Food Group Says 4 Months Turnover Up 7.8 Pct
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Pioneer Food Group Ltd ::PIONEER FOODS INCREASED TURNOVER BY 7.8% IN FOUR MONTHS TO 31 JANUARY 2019.OVERALL LFL VOLUME GROWTH IS 2.0%, EX CONTRIBUTION OF ACQUIRED BUSINESSES FOR FOUR MONTHS ENDED 31 JANUARY.UK BUSINESS HAS DONE WELL, DESPITE ONGOING BREXIT UNCERTAINTIES, FOR FOUR MONTHS ENDED 31 JANUARY 2019.  Full Article

Pioneer Food Group FY HEPS Of 545 Cents
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Pioneer Food Group Ltd ::FY REVENUE INCREASED BY 3% TO R20.2 BILLION.FY HEADLINE EARNINGS PER SHARE INCREASED BY 33% TO 545 CENTS PER SHARE.A GROSS FINAL DIVIDEND OF 260 CENTS (2017: 260 CENTS) PER SHARE HAS BEEN APPROVED.MAIZE PROFIT CONTRIBUTION REPORTED IN FIRST HALF OF 2018 FINANCIAL YEAR IS NOT EXPECTED TO BE REPEATED IN NEXT FINANCIAL YEAR.  Full Article

Pioneer Food Sees FY HEPS Between 541.3 Cents - 582.3 Cents
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Pioneer Food Group Ltd ::TRADING STATEMENT AND UPDATE FOR THE YEAR ENDED 30 SEPTEMBER 2018.SEES FY HEPS BETWEEN 541.3 CENTS - 582.3 CENTS, 32% - 42% HIGHER.SEES FY REVENUE R19 868 MILLION TO R20 456 MILLION.TRADING CONDITIONS CONTINUE TO REFLECT CONSTRAINED DEMAND AS CONSUMERS ARE FACED WITH INCREASED INFLATIONARY PRESSURES.SEES FY ADJUSTED HEPS 548.3 CENTS - 592.5 CENTS.  Full Article

Pioneer Food Group Posts Headline Earnings Per Share Of 317 Cents
Monday, 21 May 2018 

May 21 (Reuters) - Pioneer Food Group Ltd ::HY REVENUE R9 899 MILLION DOWN 3%.HY HEADLINE EARNINGS PER SHARE 317 CENTS.HY ADJUSTED HEADLINE EARNINGS PER SHARE 320 CENTS.ANTICIPATES FURTHER IMPROVEMENT IN PERFORMANCE IN SECOND HALF OF FINANCIAL YEAR.GROSS INTERIM DIVIDEND FOR SIX MONTHS ENDED 31 MARCH 2018 OF 105 CENTS.  Full Article

Pioneer Foods To Buy UK Granola Brand Lizi's For An Undisclosed Amount​
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Pioneer Food Group Ltd ::‍PIONEER FOODS TO BUY UK GRANOLA BRAND LIZI'S​.DEAL WHICH IS EFFECTIVE IMMEDIATELY SEES PIONEER FOODS UK ACQUIRING 100% OF ISSUED SHARE CAPITAL OF GOOD CARB FOOD CO FOR UNDISCLOSED AMOUNT.  Full Article

Pioneer Food Group says FY HEPS down 55 pct to 410 cents
Monday, 20 Nov 2017 

Nov 20 (Reuters) - PIONEER FOOD GROUP LTD ::FY ‍REVENUE DECREASED BY 5% FROM R20.6 BILLION​.FY ‍PROFIT BEFORE TAX AMOUNTED TO R985 MILLION AFTER FINANCE COSTS OF R197 MILLION​.‍FY TOTAL GROUP EARNINGS PER SHARE DECREASED BY 57% TO 390 CENTS PER SHARE (2016: 912 CENTS PER SHARE).​.‍FY HEADLINE EARNINGS PER SHARE (HEPS), DECREASED BY 55% TO 410 CENTS PER SHARE (2016: 904 CENTS PER SHARE)​.‍GROSS FINAL DIVIDEND OF 260 CENTS (2016: 260 CENTS) PER SHARE HAS BEEN APPROVED AND DECLARED BY BOARD FOR YEAR ENDED 30 SEPTEMBER 2017.‍FORESEE POSITIVE OUTLOOK FOR PIONEER FOODS IN CURRENT FINANCIAL YEAR AND BEYOND.  Full Article

Pioneer Foods says to acquire full ownership of Heinz Foods SA​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Pioneer Food Group Ltd::‍ACQUISITION OF OUTSTANDING 50.1% IN ITS JOINT VENTURE, FROM HEINZ FOODS SA PROPRIETARY LIMITED, A SUBSIDIARY OF KRAFT HEINZ COMPANY.​.‍HEINZ FOODS SA WILL BECOME A WHOLLY OWNED SUBSIDIARY OF PIONEER FOODS.​.CO WILL ENTER INTO A 2 -YEAR AGREEMENT WITH KRAFT HEINZ PURSUANT TO WHICH THEY WILL MANUFACTURE AND DISTRIBUTE HEINZ TOMATO KETCHUP PRODUCTS​.‍TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2018, PENDING REGULATORY APPROVAL.​.‍PIONEER FOODS WILL ALSO DISTRIBUTE HP & LEA PERRINS PRODUCTS AND CERTAIN OTHER KRAFT HEINZ PRODUCTS.​.  Full Article

Deals of the day-Mergers and acquisitions

July 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: