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United Kingdom

Pepkor Holdings Ltd (PPHJ.J)

PPHJ.J on Johannesburg Stock Exchange

1,831.00ZAc
15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Steinhoff In Briefing To South African Parliament Says PwC Investigation On Track
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Steinhoff International Holdings NV ::STEINHOFF INTERNATIONAL - INVITED TO PRESENT TO SOUTH AFRICAN PARLIAMENT TO UPDATE JOINT COMMITTEES ON PROGRESS MADE BY STEINHOFF SINCE JANUARY 2018.STEINHOFF INTERNATIONAL - HAS BEEN IN ONGOING DIALOGUE, CONSTRUCTIVE ENGAGEMENT WITH CREDITORS, REGULATORS, EXCHANGES AND STAKEHOLDERS.STEINHOFF INTERNATIONAL SAYS PWC INVESTIGATION REMAINS ON TRACK.STEINHOFF INTERNATIONAL HOLDINGS NV - PWC EXPECTS THE INVESTIGATION TO BE SUBSTANTIALLY COMPLETED BY THE END OF 2018.STEINHOFF INTERNATIONAL HOLDINGS NV - THERE HAS BEEN GOOD COOPERATION BETWEEN PWC, STEINHOFF AND THE REGULATORS.STEINHOFF INTERNATIONAL HOLDINGS NV - IT REMAINS IMPORTANT THAT CO REMAINS LISTED.STEINHOFF INTERNATIONAL SAYS "SAVE FOR PEPKOR (PREVIOUSLY STAR) DEBT AND WORKING CAPITAL, THE GROUP HAS VERY LIMITED AFRICAN DEBT".STEINHOFF INTERNATIONAL - COMMITTED TO RELEASING AUDITED 2017 RESULTS BEFORE END OF DEC 2018, AND AUDITED 2018 RESULTS BEFORE THE END OF JANUARY 2019.STEINHOFF INTERNATIONAL - LOCK-UP AGREEMENT WITH CREDITORS FINALISED IN MID JULY 2018, WILL AFFORD GROUP FINANCIAL STABILITY UNTIL THE END OF 2021.STEINHOFF INTERNATIONAL - GROUP INTENDS TO RECLAIM BONUSES PAID IN THE PAST TO CERTAIN SENIOR EXECUTIVES UNDER THE RELEVANT DUTCH CODE.  Full Article

Pepkor Says Nine-Month Revenue Rises 13.8 Pct, On A Statutory Basis
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Pepkor Holdings Ltd ::FOR NINE MONTHS ENDED 30 JUNE 2018 PEPKOR ACHIEVED GROUP REVENUE GROWTH OF 13.8% TO R48.9 BILLION ON A STATUTORY BASIS.ON A COMPARABLE BASIS, GROUP REVENUE GROWTH OF 9.2% WAS ACHIEVED FOR NINE MONTHS ENDED 30 JUNE 2018.IMPACT OF DEFLATION ON CFH SALES GROWTH IS EXPECTED TO REDUCE DURING Q4 OF 2018 FINANCIAL YEAR.PEP AFRICA CONTINUES TO EXPERIENCE CHALLENGING OPERATING CONDITIONS IN ADDITION TO DEFLATION FOR NINE MONTHS ENDED 30 JUNE 2018.MERCHANDISE SALES GROWTH OF 14.0% AND LIKE-FOR-LIKE GROWTH OF 7.4% IN AGGREGATE FOR NINE MONTHS ENDED 30 JUNE 2018.INTERIM MANAGEMENT TEAM AT TEKKIE TOWN HAS SUCCESSFULLY STABILISED BUSINESS AND OPERATIONS CONTINUE TO OPERATE IN LINE WITH EXPECTATIONS.  Full Article

Steinhoff Africa Retail Shareholders Approve Name Change To Pepkor Holdings
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Steinhoff Africa Retail Ltd ::FINALISATION ANNOUNCEMENT RELATING TO CHANGE OF NAME.PROPOSED NAME CHANGE OF STAR TO PEPKOR HOLDINGS LIMITED WAS APPROVED BY SHAREHOLDERS.  Full Article

Steinhoff Africa Retail Says Gets Favorable Court Order Against Previous Tekkie Town Management
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Steinhoff Africa Retail Ltd ::UPDATE ON COURT ORDER AGAINST PREVIOUS TEKKIE TOWN MANAGEMENT TEAM.ON 31 JULY PARTIES AGREED TO ORDER TO PROTECTS TEKKIE TOWN DATA, PROTECTS BUSINESS AGAINST POSSIBLE INTERFERENCE WITH IT SYSTEMS.  Full Article

Steinhoff Africa Retail Says Appoints Mark Harris As Independent Non-Exec Director
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Steinhoff Africa Retail Ltd ::APPOINTMENT OF MARK HARRIS AS INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 30 JULY 2018.APPOINTMENT OF PHILIP DIEPERINK AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 30 JULY 2018 TO REPLACE HEATHER.HEATHER SONN TENDERED RESIGNATION FROM BOARD WITH EFFECT FROM 30 JULY 2018.ESTABLISHED SOCIAL AND ETHICS COMMITTEE, FAGMEEDAH PETERSEN-COOK APPOINTED AS CHAIRPERSON OF COMMITTEE.  Full Article

Steinhoff Africa Retail Says Shareholders Approve Company Name Change To "Pepkor"
Friday, 20 Jul 2018 

July 20 (Reuters) - Steinhoff Africa Retail Ltd ::SHAREHOLDERS APPROVE RESOLUTION TO AUTHORISE COMPANY NAME CHANGE FROM "STEINHOFF AFRICA RETAIL LTD" TO "PEPKOR HOLDINGS LTD".  Full Article

Steinhoff Africa Retail Says Got Court Order Against Four Ex-Tekkie Town Management Members
Friday, 6 Jul 2018 

July 6 (Reuters) - Steinhoff Africa Retail Ltd ::UPDATE ON TEKKIE TOWN.OBTAINED FROM WESTERN CAPE HIGH COURT COURT ORDER ON URGENT BASIS AGAINST 4 SENIOR MEMBERS OF PREVIOUS TEKKIE TOWN MANAGEMENT TEAM.INTERIM MANAGEMENT & SUPPORT TEAM, STAFF MEMBERS REMAINING IN BUSINESS, CONTINUE TO OPERATE TEKKIE TOWN IN "STABLE MANNER".ORDER INTERDICTING RESPONDENTS FROM CONDUCTING CERTAIN ACTIONS AGAINST STAR.STEINHOFF AFRICA RETAIL, ON TEKKIE TOWN, SAYS SUPPLY CHAIN IS OPERATIONAL, ALL STORES ARE TRADING AND PERFORMANCE IS IN LINE WITH TARGETED LEVELS.ORDER INTERDICTING RESPONDENTS FROM INTERFERENCE WITH TEKKIE TOWN INFORMATION TECHNOLOGY SYSTEM AND DESTABILISING OPERATIONS.  Full Article

Steinhoff Africa Says Star Deployed Interim Management After Tekkie Town CEO, Senior Management Resigned
Thursday, 28 Jun 2018 

June 28 (Reuters) - Steinhoff Africa Retail Ltd ::JSE: SRR - TEKKIE TOWN UPDATE.ON TUESDAY 25 JUNE 2018, BERNARD MOSTERT, CEO OF TEKKIE TOWN, AND OTHER SENIOR MEMBERS OF MANAGEMENT, RESIGNED WITH IMMEDIATE EFFECT.STAR DEPLOYED AN INTERIM MANAGEMENT AND SUPPORT TEAM FROM VARIOUS OTHER BUSINESSES WITHIN STAR.INTERIM MANAGEMENT AND SUPPORT TEAM HAS BEEN SUCCESSFUL IN ENSURING THAT TRADING IN TEKKIE TOWN STORES CONTINUES NORMALLY.CONTINGENCY PLANS ARE IN PLACE TO ENSURE THAT TEKKIE TOWN CONTINUES TO OPERATE AT FULL CAPACITY.NOTICE OF DEMAND TO REMEDY A BREACH RECEIVED FROM BRAAM VAN HUYSSTEEN IN RESPECT OF TEKKIE TOWN HEAD OFFICE, DISTRIBUTION PREMISES IN GEORGE.NOTICE OF DEMAND TO REMEDY BREACH RECEIVED FROM BRAAM VAN HUYSSTEEN IN RESPECT OF TEKKIE TOWN HEAD OFFICE, DISTRIBUTION PREMISES.STAR HAS CONTESTED THE NOTICE OF DEMAND LEGALLY.TEKKIE TOWN STORES SALES PERFORMANCE HAS NOT BEEN NEGATIVELY IMPACTED DESPITE EXIT OF PREVIOUS SENIOR MANAGEMENT TEAM.  Full Article

Steinhoff Africa Retail Posts 12.2 Pct Increase In HY HEPS
Tuesday, 29 May 2018 

May 29 (Reuters) - Steinhoff Africa Retail Ltd ::10.2% INCREASE IN HY REVENUE TO R33.0BN.R18BN RAISED IN COMPLETION OF REFINANCING OF SHAREHOLDER FUNDING.12.2% INCREASE IN HY HEADLINE EARNINGS PER SHARE.STAR BOARD RESOLVED THAT NO INTERIM DIVIDEND WILL BE DECLARED.STEINHOFF - GROUP'S TARGETED 350 NET STORE OPENINGS FOR 2018 FINANCIAL YEAR HAS BEEN REVISED DOWNWARDS TO 330 DUE TO SLOWDOWN OF EXPANSION IN AFRICA.STEINHOFF AFRICA RETAIL - COMPETITIVE RETAIL ENVIRONMENT IS EXPECTED TO INHIBIT REAL GROWTH FOR REMAINDER OF 2018 FINANCIAL YEAR.JD GROUP IS EXPECTED TO MAINTAIN REVENUE GROWTH MOMENTUM.ON COMPARABLE BASIS, MANAGEMENT EXPECTS OPERATING MARGINS FOR YEAR TO BE MAINTAINED.  Full Article

Steinhoff Africa Retail Sees Statutory H1 2018 HEPS To Be Between 33.4 Cents And 39.0 Cents
Friday, 25 May 2018 

May 25 (Reuters) - Steinhoff Africa Retail Ltd ::TRADING STATEMENT FOR SIX MONTHS ENDED 31 MARCH 2018.H1 EPS WILL BE BETWEEN 33.4 CENTS AND 39.0 CENTS, BEING BETWEEN 44.2% AND 52.2% LOWER THAN 69.9 CENTS ACHIEVED PER STATUTORY RESULT.H1 HEPS WILL BE BETWEEN 33.4 CENTS AND 39.0 CENTS, 45.1% AND 53.1% LOWER THAN 71.1 CENTS ACHIEVED PER STATUTORY RESULTS.H1 EARNINGS PER SHARE WILL BE BETWEEN 50.8 CENTS AND 54.4 CENTS, BEING BETWEEN 10.3% AND 18.3% HIGHER THAN 46.0 CENTS ACHIEVED PER COMPARABLE RESULTS.H1 HEPS WILL BE BETWEEN 50.7 CENTS AND 54.5 CENTS, BEING BETWEEN 8.2% AND 16.2% HIGHER THAN 46.9 CENTS ACHIEVED PER COMPARABLE RESULTS.  Full Article

UPDATE 3-Steinhoff's former CEO says not aware of accounting irregularities

* Steinhoff grew too fast, too quickly - ex-CEO (Adds parliament committee, Austrian JV)