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Brait SE

BATJ.J

Latest Trade

1,400.00ZAc

Change

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Today's Range

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52 Week Range

1,092.00

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3,652.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Brait SE Engaged In An Extensive Process To Materially Reduce Debt

Sept 23 (Reuters) - Brait SE <BATJ.J>::TITAN HAS CONFIRMED TO BOARD IT INTENDS TO REMAIN A SIGNIFICANT AND STRATEGIC SHAREHOLDER IN BRAIT.BOARD OF BRAIT AND BRAIT'S CORPORATE ADVISORS AND BRAIT ADVISORY SERVICES HAVE BEEN ENGAGED IN AN EXTENSIVE PROCESS TO MATERIALLY REDUCE DEBT.PROCESSES MAY INVOLVE A REFINANCING OF EXISTING DEBT, POTENTIAL EQUITY RAISING INITIATIVES, RECAPITALISATION OF GROUP.PROCESSES MAY INVOLVE DIVESTITURES OR A COMBINATION OF FOREGOING.INITIATIVES ARE AT AN ADVANCED STAGE TO SIGNIFICANTLY REDUCE NET OPERATING COSTS OF BRAIT.

New Look Q1 loss narrows to 2.7 mln pounds

Sept 11 (Reuters) - Brait SE <BATJ.J>::Q1 STATUTORY LOSS BEFORE TAX IMPROVED BY 12.8 MILLION POUNDS TO 2.7 MILLION POUNDS FOLLOWING RESTRUCTURING.Q1 CORE TOTAL REVENUE 258.3 MILLION POUNDS (Q1 FY19 300.6 MILLION POUNDS).Q1 CORE LIKE-FOR-LIKE (LFL) SALES -10.1% REFLECTING LOWER FOOTFALL DUE TO HIGHLY UNSEASONABLE WEATHER AND ONGOING CONSUMER UNCERTAINTY.SAYS IMPROVEMENT IN TRADING PERFORMANCE FOR THE 8 WEEKS ENDING 24 AUGUST 2019 WITH LFL SALES UP +2.2%.

Brait Says Investec's Total Beneficial Interest In Co Is Now In Excess Of 5% Of Co's Ordinary Shares

Aug 15 (Reuters) - Brait SE <BATJ.J>::BRAIT SE - INVESTEC'S TOTAL BENEFICIAL INTEREST IN COMPANY IS NOW IN EXCESS OF 5% OF BRAIT'S ORDINARY SHARES..

Brait Expects NAV Between 40.75 Zar And 42.75 Zar At March 31

May 23 (Reuters) - Brait SE <BATJ.J>::JSE: BAT - TRADING STATEMENT: YEAR ENDED 31 MARCH 2019.BRAIT SE - REPORTED NET ASSET VALUE PER SHARE AT 31 MARCH 2019 IS ANTICIPATED TO BE BETWEEN ZAR40.75 AND ZAR42.75.

Brait Announces Completion Of New Look's Balance Sheet Restructuring

May 3 (Reuters) - Brait SE <BATJ.J>::ANNOUNCEMENT OF THE COMPLETION OF NEW LOOK’S BALANCE SHEET RESTRUCTURING.NEW LOOK'S LONG-TERM DEBT HAS BEEN SIGNIFICANTLY REDUCED FROM GBP1,350 MILLION TO GBP350 MILLION.FURTHER RECEIVED GBP150 MILLION OF NEW MONEY THAT HAS BEEN USED TO REFINANCE BRIDGE FACILITY AND PROVIDE NEW LOOK WITH ADDITIONAL LIQUIDITY.TOTAL NEW SSNS IN ISSUE OF GBP400M FOR PORTFOLIO CO NEW LOOK.BRAIT'S EQUITY HOLDING IN NEW LOOK POST TRANSACTION IS 18.5%.REMAINS LARGEST SHAREHOLDER IN NEW LOOK.AFTER NEW LOOK BALANCE SHEET RESTRUCTURING, BRAIT'S 18% HOLDING OF EXISTING SSNS HAS BEEN EXCHANGED INTO GBP45 MILLION OF REINSTATED SSNS.

UK's New Look year to date revenue down 5 pct

Feb 13 (Reuters) - New Look <BATJ.J>::Q3 YEAR TO DATE REVENUE DOWN 5.0 PERCENT TO 1.016 BILLION STG, SAYS IN LINE WITH EXPECTATIONS GIVEN FOCUS ON DRIVING MORE PROFITABLE SALES.SAYS BRAND LIKE-FOR-LIKE (LFL) SALES YTD DOWN 2.3 PERCENT, THIRD CONSECUTIVE QUARTER OF IMPROVEMENT IN LFL TREND WITH Q3 TOTAL UK LFL SALES POSITIVE AT UP 0.9 PERCENT.SAYS Q3 YEAR TO DATE GROUP UNDERLYING OPERATING PROFIT 38.5 MILLION STG.

Brait SE Says New Look Has Received 80 Mln Stg Interim Funding Support

Jan 30 (Reuters) - Brait SE <BATJ.J>::BRAIT SE - NEW LOOK HAS RECEIVED £80 MILLION INTERIM FUNDING SUPPORT TO ALLOW TRANSACTION TO BE IMPLEMENTED.BRAIT SE - NEW LOOK RETAIL GROUP ANNOUNCED THAT IT HAS ACHIEVED REQUIRED MAJORITY THRESHOLDS TO IMPLEMENT BALANCE SHEET RESTRUCTURING TRANSACTION.BRAIT SE - GOT BINDING COMMITMENTS FOR £150 MILLION OF NEW MONEY THAT WILL BE USED TO REFINANCE BRIDGE FACILITY.BRAIT SE - BRAIT'S EQUITY HOLDING IN NEW LOOK POST TRANSACTION WILL BE BETWEEN 18% AND 23%.BRAIT SE - BRAIT WILL ADVANCE BETWEEN £9 MILLION AND £18 MILLION FOR NEW MONEY BONDS, QUOTED NET OF RECEIPT OF AROUND £18 MILLION.BRAIT SE - FOLLOWING TRANSACTION, BRAIT'S CURRENT 18% HOLDING OF SSNS WILL BE EXCHANGED INTO AROUND £45 MILLION OF REINSTATED SSNS.BRAIT SE - FOLLOWING TRANSACTION BRAIT WILL HAVE AN AGGREGATE SSNS HOLDING OF BETWEEN £72 MILLION AND £81 MILLION.BRAIT SE - LOCK-UP DEAL BY IN EXCESS OF 95% OF HOLDERS OF SENIOR SECURED NOTES, 75% OF REVOLVING CREDIT FACILITY LENDERS TO SUPPORT DEAL.

Brait Says Virgin Active Signed New Contract With Discovery Vitality

Jan 28 (Reuters) - Brait SE <BATJ.J>::JSE: BAT - VOLUNTARY ANNOUNCEMENT: VIRGIN ACTIVE CONCLUDES NEW VITALITY CONTRACT.BRAIT SE - VIRGIN ACTIVE HAS SIGNED A NEW CONTRACT WITH DISCOVERY VITALITY EFFECTIVE 1 JANUARY 2019.BRAIT SE - VIRGIN ACTIVE'S CONTRACT SETS OUT TERMS & CONDITIONS ON WHICH DISCOVERY VITALITY MEMBERS JOIN VIRGIN ACTIVE'S HEALTH CLUBS IN SOUTH AFRICA.

Brait Se Says New Look's Long-Term Debt To Be Reduced From £1,350 Mln To £350 Mln

Jan 14 (Reuters) - Brait SE <BATJ.J>::NEW LOOK’S AGREEMENT IN PRINCIPLE WITH A GROUP OF SENIOR SECURED NOTEHOLDERS ON TERMS OF BALANCE SHEET RESTRUCTURING.NEW LOOK'S LONG-TERM DEBT WILL BE SIGNIFICANTLY REDUCED FROM £1,350 MILLION TO £350 MILLION.NEW LOOK WILL BE SUPPORTED BY A NEW £150 MILLION CAPITAL RAISE VIA ISSUANCE OF NEW MONEY BONDS.NEW LOOK ALSO GOT SUBSTANTIAL NO. OF REQUIRED CONSENTS TO RAISE £80 MILLION OF INTERIM FUNDING TO SUPPORT BUSINESS IN SHORT-TERM.

Brait Posts HY NAV Per Share At 55.23 Rand

Nov 12 (Reuters) - Brait SE <BATJ.J>::HY NAV PER SHARE AT ZAR55.23."BRAIT HAS PERFORMED IN LINE WITH EXPECTATIONS WITH A BROADLY FLAT PERFORMANCE IN A TOUGH ENVIRONMENT IN BOTH SOUTH AFRICA AND UK".FOCUS FOR THE NEXT 18 MONTHS IS TO POSITION BRAIT TO RESUME ITS GROWTH NAV PER SHARE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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