Edition:
India

Steinhoff Africa Retail Ltd (SRRJ.J)

SRRJ.J on Johannesburg Stock Exchange

1,803.00ZAc
16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Steinhoff Africa Retail Says Not To Implement Call Options Pertaining to Titan, Lavender Sky
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Steinhoff Africa Retail Ltd ::‍RECEIVED CONFIRMATION FROM TITAN WHICH CONFIRMS CALL OPTION AGREEMENT WITH TITAN WILL NOT BE CAPABLE OF IMPLEMENTATION AND WILL NOT BECOME UNCONDITIONAL​.CONFIRMATION MEANS THAT LAVENDER SKY CALL OPTION AGREEMENT WILL ALSO TERMINATE​.‍STAR BOARD WILL THEREFORE NOT BE ABLE TO IMPLEMENT CALL OPTIONS PERTAINING TO TITAN AND LAVENDER SKY​.‍WILL ENTER INTO DISCUSSIONS WITH REMAINING PARTIES IN RESPECT OF THEIR CALL OPTION AGREEMENTS TO ASSESS WAY FORWARD​.  Full Article

Steinhoff Africa Retail appoints Leon Lourens as CEO with immediate effect​
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - STEINHOFF AFRICA RETAIL LTD ::‍EXISTING CEO, BEN LA GRANGE HAS DECIDED TO STEP DOWN AS CEO OF STAR​.CURRENT COO OF COMPANY, LEON LOURENS HAS BEEN APPOINTED TO BOARD, FURTHERMORE BEEN APPOINTED AS CEO OF STAR WITH IMMEDIATE EFFECT​.  Full Article

Steinhoff Africa Retail's FY Oper Profit Rises 25.2 Pct
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Steinhoff Africa Retail Ltd ::‍13.2% INCREASE IN FY REVENUE TO R58.6BN​.‍100 BPS FY MARGIN INCREASE TO 10.4%​.‍25.2% INCREASE IN FY OPERATING PROFIT TO R6.1BN​.‍BUSINESS IS ON TRACK TO OPEN ANOTHER 350 STORES DURING 2018 FINANCIAL YEAR​.‍GROUP WILL CONTINUE TO EXPLORE NEW TRADING FORMATS AND ALSO EXPAND ITS MARKET SHARE IN LADIES' WEAR AND ADDITIONAL SERVICES​.‍GROUP TARGETS A DIVIDEND COVER OF TWO TIMES HEADLINE EARNINGS FOR NEXT FINANCIAL YEAR​.‍NO FURTHER DIVIDEND WILL BE DECLARED FOR FY17​.FY ‍HEADLINE EARNINGS PER SHARE OF 133.6​ CENTS.  Full Article

Steinhoff Africa Retail Exercises Call Options To Acquire Controlling Interest In Shoprite​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Shoprite Holdings Ltd ::EXERCISED CALL OPTIONS TO ACQUIRE ABOUT 23.1% ECONOMIC INTEREST IN AND APPROXIMATELY 50.6% VOTING CONTROL OF SHOPRITE.​.  Full Article

BRIEF-Steinhoff Africa Retail Says Vusumuzi Khanyile Resigns As Independent Non-Executive Director

* STEINHOFF AFRICA RETAIL - VUSUMUZI PHILIP KHANYILE HAS RESIGNED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR FROM BOARD OF STAR, WITH EFFECT FROM 10 JANUARY 2018​