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India

Arrowhead Properties Ltd (AHAJ.J)

AHAJ.J on Johannesburg Stock Exchange

1,045.00ZAc
28 Jan 2020
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0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Gemgrow Properties Updates On Change Of Name
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Gemgrow Properties Ltd ::FINALISATION AND UPDATE TO CHANGE OF NAME.SPECIAL RESOLUTION NECESSARY FOR CHANGE OF NAME REGISTERED BY COMPANIES AND INTELLECTUAL PROPERTY COMMISSION.  Full Article

Gemgrow Properties Says Old Mutual's Beneficial Interest Is Now 7.48% Of Co's Total Issued B Shares
Friday, 20 Sep 2019 

Sept 20 (Reuters) - Gemgrow Properties Ltd ::NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SHARES.SANLAM INVESTMENT MANAGEMENT PROPRIETARY TOTAL BENEFICIAL INTEREST IS NOW 6.44% OF CO'S TOTAL ISSUED B SHARES.OLD MUTUAL'S TOTAL BENEFICIAL INTEREST IS NOW 7.48% OF GEMGROW'S TOTAL ISSUED B SHARES.  Full Article

Gemgrow Properties Provides Pre-close Investor Roadshow And Investor Update
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - Gemgrow Properties Ltd ::GEMGROW PROPERTIES - EXPECTED TO PAY DIVIDEND OF ABOUT 34.62 CENTS PER SHARE FOR HY ENDING 30 SEPT 2019.GEMGROW PROPERTIES LTD - GROUP HAS EARMARKED AN ADDITIONAL R500 MILLION OF ASSET SALES IN NEXT YEAR.GEMGROW - CO TO BE HOSTING PRE-CLOSE MEETINGS WITH INVESTORS ON 25 SEPT TO PROVIDE UPDATE ON MERGED GEMGROW AND ARROWHEAD FOR YEAR ENDING 30 SEPT.GEMGROW - AT 30 JUNE, MERGED ENTITIES VACANCIES WERE IN EXCESS OF 9%, IT IS EXPECTED THAT THIS WILL HAVE IMPROVED TO BELOW 8.5% BY FINANCIAL YEAR END.GEMGROW PROPERTIES - BAD DEBT PROVISIONS AND WRITE OFFS HAVE BEEN IN LINE WITH EXPECTATIONS AND ARE EXPECTED TO BE BELOW 1% BY FINANCIAL YEAR END.GEMGROW PROPERTIES - BELIEVES THAT IT IS ON TRACK TO MEET ITS SHORT-TERM GOAL OF A 35% LTV FOR YEAR ENDING 30 SEPTEMBER 2020..  Full Article

Gemgrow Properties Says Outstanding Conditions To Arrowhead-Gemgrow Transaction Fulfilled
Monday, 9 Sep 2019 

Sept 9 (Reuters) - Gemgrow Properties :ALL OUTSTANDING CONDITIONS PRECEDENT TO ARROWHEAD- GEMGROW TRANSACTION HAVE NOW BEEN FULFILLED.  Full Article

Gemgrow Signs Terms Agreement Upon Which Co Offered To Buy All Of Arrowhead Shares
Monday, 8 Jul 2019 

July 8 (Reuters) - Gemgrow Properties Ltd ::GEMGROW- SIGNED AGREEMENT SETTING TERMS UPON WHICH CO OFFERED TO BUY ALL OF ARROWHEAD SHARES, BUT EXCLUDING ARROWHEAD SHARES HELD IN TREASURY.GEMGROW - CO SHALL, AS CONSIDERATION FOR EACH SCHEME SHARE ACQUIRED, ISSUE AND ALLOT TO SCHEME PARTICIPANTS 0.8237 GEMGROW B ORDINARY SHARES.GEMGROW PROPERTIES LTD - POST IMPLEMENTATION OF TRANSACTION, COMBINED GROUP WILL TAKE STEPS TO STRENGTHEN ITS BALANCE SHEET BY REDUCING DEBT.  Full Article

Gemgrow Properties Announces Disposal Of Five Properties To Columbia Falls Property Proprietary
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Gemgrow Properties Ltd ::JSE: GPA - GPB - DISPOSAL OF FIVE PROPERTIES TO COLUMBIA FALLS PROPERTY PROPRIETARY LIMITED, VOLUNTARY UPDATE ON DISPOSAL PROGRAMME.GEMGROW PROPERTIES LTD - GEMGROW & CUMULATIVE PROPERTIES CONCLUDED 3 SEPARATE SALE OF RENTAL ENTERPRISE AGREEMENTS.GEMGROW PROPERTIES - CO & CUMULATIVE WILL DISPOSE TO COLUMBIA FALLS PROPERTY PROPRIETARY FOR AN AGGREGATE DISPOSAL CONSIDERATION OF CIRCA R195 MILLION.GEMGROW PROPERTIES LTD - PROCEEDS OF DISPOSALS WILL BE USED TO REDUCE DEBT AND STRENGTHEN COMPANY'S BALANCE SHEET..  Full Article

Gemgrow Properties Says HY Headline And Diluted Headline Earnings Per A Share 33.02 Cents
Wednesday, 15 May 2019 

May 15 (Reuters) - Gemgrow Properties Ltd ::UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR SIX MONTHS ENDED 31 MARCH 2019.HY REVENUE (EXCLUDING STRAIGHT LINE RENTAL INCOME) R424.8 MILLION VERSUS R360.7 MILLION.OPERATING IN CHALLENGING ECONOMIC ENVIRONMENT, MATERIAL NUMBER OF LEASES YET TO BE FINALISED IN SECOND SIX MONTHS OF YEAR.HY 54,54 CENTS DIVIDEND PER A SHARE.HY 35,31 CENTS DIVIDEND PER B SHARE.HY HEADLINE AND DILUTED HEADLINE EARNINGS PER A SHARE 33,02 CENTS VERSUS 39,57 CENTS.HY HEADLINE AND DILUTED HEADLINE EARNINGS PER B SHARE 33,02 CENTS VERSUS 39,57 CENTS.  Full Article

Gemgrow Properties Announces Potential Merger Of Arrowhead & Co
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Gemgrow Properties Ltd ::POTENTIAL MERGER OF ARROWHEAD AND GEMGROW AND JOINT CAUTIONARY ANNOUNCEMENT.AGREED TO A POTENTIAL TRANSACTION WHICH MAY RESULT IN REVERSE TAKEOVER OF GEMGROW BY ARROWHEAD.ARROWHEAD CURRENTLY OWNS 53.3% OF GEMGROW.CO SHALL, AS CONSIDERATION FOR EACH ARROWHEAD SCHEME SHARE ACQUIRED, ISSUE AND ALLOT 0.8237 GEMGROW B ORDINARY SHARES.VUKILE, BEING GEMGROW'S SECOND LARGEST SHAREHOLDER, HAS PROVIDED AN IRREVOCABLE UNDERTAKING TO SUPPORT MERGER.BOARDS OF ARROWHEAD & GEMGROW BELIEVE THAT SIMPLIFIED GROUP STRUCTURE WOULD CREATE SYNERGISTIC BENEFITS FOR ALL ALL SHAREHOLDERS.CO SHALL, AS CONSIDERATION FOR EACH ARROWHEAD SCHEME SHARE ACQUIRED, ISSUE AND ALLOT 0.8237 GEMGROW B ORDINARY SHARES.BOARD HAS APPOINTED NEDBANK CORPORATE AND INVESTMENT BANKING AS INDEPENDENT CORPORATE ADVISOR TO GEMGROW.BOARDS BELIEVE THAT A SIMPLIFIED GROUP STRUCTURE WOULD BE MORE EFFICIENT AND CREATE SYNERGISTIC BENEFITS FOR ALL SHAREHOLDERS.  Full Article

Gemgrow Properties Says HY Headline Profit Attributable To Shareholders 178.6 Million Rand
Wednesday, 16 May 2018 

May 16 (Reuters) - Gemgrow Properties Ltd ::HY DIVIDEND ON A SHARE OF 52,18 CENTS AND DIVIDEND ON B SHARE OF 38,52 CENTS IN LINE WITH GUIDANCE FOR INTERIM PERIOD.HY REVENUE (EXCLUDING STRAIGHT LINE RENTAL INCOME) 360.7 MILLION RAND VERSUS 314.9 MILLION RAND.HY HEADLINE PROFIT ATTRIBUTABLE TO SHAREHOLDERS 178.6 MILLION RAND VERSUS 148.4 MILLION RAND.POSITIONED TO DELIVER ON GUIDANCE OF 7% TO 9% GROWTH ON B SHARES FOR FY 2018 WHILE A SHARES WILL GROW AT LOWER OF 5% AND CPI.NEGOTIATING ON AN ONGOING BASIS TO ACQUIRE PROPERTY PORTFOLIOS THAT WILL PROVIDE FURTHER GROWTH OPPORTUNITIES.  Full Article