Edition:
United Kingdom

Tiger Brands Ltd (TBSJ.J)

TBSJ.J on Johannesburg Stock Exchange

26,570.00ZAc
15 Feb 2019
Change (% chg)

194.00 (+0.74%)
Prev Close
26,376.00
Open
26,699.00
Day's High
26,699.00
Day's Low
25,853.00
Volume
349,785
Avg. Vol
591,800
52-wk High
47,673.00
52-wk Low
23,982.00

Latest Key Developments (Source: Significant Developments)

PIRC Recommends Vote Against Share Repurchase Authorisation For Paragon Banking
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - PIRC::PROXY ADVISORY FIRM PIRC RECOMMENDS TO VOTE AGAINST AUTHORISATION OF SHARE REPURCHASE FOR PARAGON BANKING GROUP PLC.PROXY ADVISORY FIRM PIRC RECOMMENDS TO VOTE AGAINST ISSUING SHARES FOR CASH FOR FINANCING ACQUISITION OR OTHER CAPITAL INVESTMENT FOR PARAGON BANKING.PIRC SAYS RECOMMENDS SHAREHOLDERS TO VOTE AGAINST PROPOSAL TO AMEND EXISTING LONG TERM INCENTIVE PLAN FOR TIGER BRANDS.PROXY ADVISORY FIRM PIRC RECOMMENDS SHAREHOLDERS VOTE AGAINST TIGER BRANDS REMUNERATION REPORT AT AGM.PIRC SAYS RECOMMENDS SHARESHOLDERS TO VOTE AGAINST PROPOSAL TO APPROVE FINANCIAL ASSISTANCE FOR TIGER BRANDS.PROXY ADVISORY FIRM PIRC RECOMMENDS SHAREHOLDERS ABSTAIN FROM VOTING ON APPROVAL OF REMUNERATION REPORT FOR PARAGON BANKING GROUP.  Full Article

Brimstone Investment Corp To Buy Oceana Shares For 581.44 Mln Rand
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Brimstone Investment Corporation Ltd ::ANNOUNCEMENT REGARDING THE ACQUISITION OF OCEANA SHARES.CONDITIONAL BUT BINDING OFFER TO ACQUIRE 8 MILLION OCEANA GROUP LIMITED ORDINARY SHARES FROM TIGER BRANDS.DEAL IS FOR 5.9 PCT OF TOTAL OCEANA SHARES IN ISSUE, TO INCREASE BRIMSTONE'S SHAREHOLDING IN OCEANA FROM 16.98 PCT TO 22.88 PCT.NET ASSET VALUE OF TRANSACTION IS R272.9 MILLION.CONSIDERATION PAYABLE FOR TRANSACTION WILL BE R581.44 MILLION.  Full Article

Tiger Brands Says High Court Certifies Class Action Against Co
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Tiger Brands Ltd ::JSE: TBS - CLASS ACTION AGAINST TIGER BRANDS IS CERTIFIED.TIGER BRANDS LTD - HIGH COURT OF SOUTH AFRICA, JOHANNESBURG LOCAL DIVISION GRANTED AN ORDER CERTIFYING A CLASS ACTION AGAINST TIGER BRANDS.  Full Article

Oceana Group Intends To Form Board Sub-Committee To Consider Implications Of Proposed Unbundling By Tiger Brands
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Oceana Group Ltd ::ANNOUNCEMENT RELATING TO THE UNBUNDLING BY TIGER BRANDS LIMITED OF ITS ENTIRE SHAREHOLDING IN OCEANA.INTENDS TO FORM A SUB-COMMITTEE OF BOARD TO CONSIDER IMPLICATIONS OF PROPOSED UNBUNDLING.  Full Article

Tiger Brands' VAMP Division Had Material Impact On FY Results Following Suspension Of Operations
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Tiger Brands Ltd ::JSE: TBS - AUDITED GROUP RESULTS AND DIVIDEND DECLARATION FOR THE YEAR ENDED 30 SEPTEMBER 2018.FY HEPS DOWN 26% TO 1 587 CENTS PER SHARE.FY DIVIDEND UNCHANGED AT 1 080CPS.FY REVENUE DECLINED BY 9% TO R28,5 BILLION.FY GROUP OPERATING MARGIN DOWN 310BPS TO 11,7%.TIGER BRANDS' RESULTS REFLECT DEPRESSED CONSUMER ENVIRONMENT, WHICH DETERIORATED FURTHER IN SECOND HALF OF YEAR.GROUP'S VAMP DIVISION HAD MATERIAL IMPACT ON FY RESULTS FOLLOWING SUSPENSION OF OPERATIONS FOR ENTIRE SECOND HALF OF FINANCIAL YEAR.SUSPENSION OF OPERATIONS AT VAMP CONTRIBUTED 4% TO FY VOLUME DECLINE.TIGER BRANDS - POSITIVE VOLUME PERFORMANCE IN GRAINS WAS NOT REFLECTED IN FY OPERATING INCOME DUE TO CATEGORY DEFLATION & RISE IN COST OF SERVICES.DURING YEAR, ASSET IMPAIRMENTS OF R262 MILLION WERE ACCOUNTED FOR.TIGER BRANDS - FOLLOWING CERTIFICATION OF LISTERIA CLAIM & MEMBERS OF CLASSES, IT IS EXPECTED THAT A QUANTIFIED CLAIM WILL BE INSTITUTED AGAINST CO.ABNORMAL LOSSES OF R422 MILLION INCLUDE SIGNIFICANT IMPACT OF VAMP PRODUCT RECALL IN CURRENT YEAR OF R380 MILLION.BOARD HAS DECIDED TO PURSUE AN UNBUNDLING OF ITS ENTIRE SHAREHOLDING IN OCEANA GROUP LIMITED (OCEANA).APPROXIMATE IMPLEMENTATION DATE OF OCEANA UNBUNDLING IS APRIL 2019.STRUCTURAL REFURBISHMENTS HAVE BEEN COMPLETED AT POLOKWANE FACILITY AND IT IS CURRENTLY BEING ASSESSED BY CAPRICORN MUNICIPALITY.LISTERIA CLASS ACTION REFERRED TO IN COMPANY'S SENS ANNOUNCEMENT DATED 14 AUGUST 2018 HAS NOT YET BEEN CERTIFIED.  Full Article

Tiger Brands Sees FY HEPS From Total Ops. 25-30 Pct Lower Than Last Yr
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Tiger Brands Ltd ::SEES FY HEPS FROM TOTAL OPERATIONS. TO BE BETWEEN 540-648 CENTS ‍LOWER THAN 2,161 CENTS REPORTED LAST YEAR (ADDS DROPPED WORDS).SEES FY HEPS FROM CONTINUING OPERATIONS (EXCLUDING HACO) TO BE BETWEEN 539 CENTS & 647 CENTS LOWER THAN 2155 CENTS REPORTED FOR COMPARATIVE PERIOD.  Full Article

Tiger Brands Says Rob Nisbet Steps Down As Independent Non-Executive Director
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Tiger Brands Ltd ::CHANGES TO THE BOARD OF DIRECTORS OF TIGER BRANDS.ROB NISBET HAS STEPPED DOWN AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM TODAY.  Full Article

Tiger Brands says ‍FY HEPS up 2%
Monday, 27 Nov 2017 

Nov 27 (Reuters) - TIGER BRANDS LTD ::‍FY HEPS UP 2% TO 2 155 CENTS​.FY ‍GROUP OPERATING INCOME UP 11% TO R4,6 BILLION​.‍DECLARED UNCHANGED GROSS FINAL CASH DIVIDEND OF 702 CENTS PER ORDINARY SHARE FOR YEAR ENDED 30 SEPTEMBER 2017​.TIGER BRANDS -ECONOMIC OUTLOOK FOR 2018 IS MUTED, WITH NO CURRENT SIGNS OF A RECOVERY IN CONSUMER SPENDING WHILE GROWTH LEVELS ARE LIKELY TO REMAIN LOW​.‍SAYS LITTLE EVIDENCE OF VOLUME UPLIFT IN YEAR AHEAD​.  Full Article

South Africa's Tiger Brands reopens meat plant after listeria outbreak

JOHANNESBURG, Dec 6 South African authorities have given food maker Tiger Brands permission to re-open a factory closed after the world's biggest listeria outbreak was traced to one of its facilities, the company said on Thursday.