Edition:
India

Sun International Ltd (SUIJ.J)

SUIJ.J on Johannesburg Stock Exchange

1,035.00ZAc
7 Aug 2020
Change (% chg)

85.00 (+8.95%)
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Latest Key Developments (Source: Significant Developments)

Sun International Says Rights Offer At R9.44/Rights Offer Share
Tuesday, 14 Jul 2020 

July 14 (Reuters) - Sun International Ltd ::SUN INTERNATIONAL LTD - PROPOSES RAISING AN AMOUNT NOT EXCEEDING R1.2 BILLION BY WAY OF A PARTIALLY UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER.SUN INTERNATIONAL LTD - RIGHTS OFFER OF 127.2 MILLION SUN INTERNATIONAL SHARES AT A PRICE OF R9.44 PER RIGHTS OFFER SHARE.SUN INTERNATIONAL LTD - PROCEEDS OF RIGHTS OFFER WILL ENABLE GROUP TO POSITION ITSELF FOR RESUMPTION OF FULL TRADING POST COVID-19 PANDEMIC LOCKDOWN.SUN INTERNATIONAL LTD - UNDERWRITING AGREEMENT WITH VALUE CAPITAL PARTNERS PROPRIETARY LIMITED AND STEYN CAPITAL MANAGEMENT PROPRIETARY LIMITED.  Full Article

Sun International Says Co And GCI Will Retain Their Initial Shareholdings In Sun Slots
Thursday, 2 Jul 2020 

July 2 (Reuters) - Sun International Ltd ::SUN INTERNATIONAL LTD - SUN INTERNATIONAL (70%) AND GCI (30%) WILL RETAIN THEIR INITIAL SHAREHOLDINGS IN SUN SLOTS.LAPSE OF PROPOSED TRANSACTION INCORPORATING SUBSCRIPTION FOR SHARES BY CO IN SUN SLOTS AND A SHARE REPURCHASE BY SUN SLOTS.  Full Article

Sun International Says Formulated Plans To Restructure Certain Operations Of Business
Wednesday, 24 Jun 2020 

June 24 (Reuters) - Sun International Ltd ::SUN INTERNATIONAL- 2020 TRADING TO MID MARCH REFLECTING SIMILAR TRENDS TO 2019 WITH LOW REVENUE GROWTH, MARGIN IMPROVEMENT & EARNINGS GROWTH.SUN INTERNATIONAL LTD - FROM MID MARCH TRADING SLOWED SIGNIFICANTLY PRIOR TO LOCKDOWN.SUN INTERNATIONAL LTD - FORMULATED PLANS TO RESTRUCTURE CERTAIN OPERATIONS AND PARTS OF BUSINESS.SUN INTERNATIONAL - GAVE NOTICE TO UNION, STAFF AND REGULATORS ON CLOSURE OF NALEDI AND SUN CAROUSEL.  Full Article

Sun International Announces Closure Of Operations In Latam
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Sun International Ltd ::JSE: SUI - CLOSURE OF OPERATIONS IN LATAM.SUN INTERNATIONAL LTD - WE WILL BE CLOSING ALL CASINOS IN CHILE, ALONG WITH HOTELS AND FOOD AND BEVERAGE OPERATIONS.SUN INTERNATIONAL - GIVEN UNCERTAINTY REGARDING DURATION OF CLOSURES, IT IS NOT POSSIBLE AT THIS STAGE TO DETERMINE EFFECT.SUN INTERNATIONAL - CLOSING ALL OF CASINOS IN CHILE, ALONG WITH HOTELS AND FOOD AND BEVERAGE OPERATIONS FROM 18 MARCH UNTIL 29 MARCH.SUN INTERNATIONAL LTD - RELEVANT AUTHORITIES HAVE ALSO CLOSED CO'S OPERATIONS IN PERU, ARGENTINA, COLOMBIA AND PANAMA.  Full Article

Sun International Says FY Adjusted HEPS At 605 Cents Per Share
Monday, 16 Mar 2020 

March 16 (Reuters) - Sun International Ltd ::AUDITED SUMMARY GROUP FINANCIAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2019.TOTAL INCOME FOR YEAR UNDER REVIEW INCREASED BY 4% FROM R16.6 BILLION TO R17.2 BILLION.FY ADJUSTED EBITDAR, WAS MARGINALLY UP ON PRIOR YEAR AT R4.6 BILLION.FY SOUTH AFRICAN DEBT (EXCLUDING LEASE LIABILITIES) DOWN FROM R9.2 BILLION AT 31 DECEMBER 2018 TO R8.8 BILLION AT YEAR END.FY ADJUSTED HEADLINE EARNINGS PER SHARE INCREASING 91% TO 605 CENTS PER SHARE.WILL CONTINUE TO TAKE NECESSARY ACTION ON LOSS-MAKING ENTITIES.  Full Article

Sun International Sees FY HEPS Between 580 Cents And 622 Cents
Friday, 28 Feb 2020 

Feb 28 (Reuters) - Sun International Ltd ::JSE: SUI - OPERATIONAL AND STRATEGY UPDATE, TRADING STATEMENT AND BASIS OF REPORTING FOR THE YEAR ENDED 31 DECEMBER 2019.SUN INTERNATIONAL LTD - FY TOTAL INCOME INCREASED BY 2% TO R11.5 BILLION.SUN INTERNATIONAL - SEES FY HEPS BETWEEN 580 CENTS AND 622 CENTS.SUN INTERNATIONAL SEES ADJUSTED DILUTED HEPS BETWEEN 570 CENTS PER SHARE AND 630 CENTS PER SHARE.  Full Article

Sun International Says Steyn Capital Management Holds 5.44% Of Total Issued Share Capital Of Co
Monday, 24 Feb 2020 

Feb 24 (Reuters) - Sun International Ltd ::GOT FORMAL NOTIFICATION FROM STEYN CAPITAL MANAGEMENT THAT IT HAD ACQUIRED ORDINARY SHARES OF CO FOR AND ON BEHALF OF CLIENTS.STEYN CAPITAL MANAGEMENT NOW HOLDS 5.44% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF CO.  Full Article

Sun International Says Negatively Impacted By Chile Protests
Friday, 1 Nov 2019 

Nov 1 (Reuters) - Sun International Ltd ::JSE: SUI - UPDATE REGARDING CERTAIN TRANSACTIONS AND ACTIVITIES IN LATAM.SUN INTERNATIONAL - PROPOSED MERGER BETWEEN SUN DREAMS S.A. AND CERTAIN GAMING ASSETS OF CLAIRVEST CHILE LIMITADA AND INVERSIONES SAN ANDRES LIMITADA.SUN INTERNATIONAL - PARTIES FAILED TO CONCLUDE PROPOSED MERGER AS ENVISAGED IN MOU BY CLOSE OF BUSINESS ON 31 OCT AND CONSEQUENTLY MOU HAS LAPSED.SUN INTERNATIONAL - SUN DREAMS AND CERTAIN GAMING ASSETS OF MARINA AGREE TO CONTINUE TO CONSIDER POTENTIAL MERGER AT A LATER STAGE.SUN INTERNATIONAL - PARTIES NOT YET GOT APPROVAL FOR PROPOSED DISPOSAL FROM SUPERINTENDENCIA DE CASINOS DE JUEGO BY LONG STOP DATE OF 31 OCTOBER 2019.SUN INTERNATIONAL LTD - SUN INTERNATIONAL IS ENGAGING WITH PACIFICO REGARDING AN EXTENSION TO LONG STOP DATE.SUN INTERNATIONAL- PROTESTS IN CHILE HAVE IMPACTED TRADING LEVELS WHICH HAVE BEEN RUNNING BELOW NORMAL LEVELS FOR PAST 12 DAYS.SUN INTERNATIONAL - SUN DREAMS PROPERTIES NEGATIVELY IMPACTED BY CHILE PROTESTS.SUN INTERNATIONAL LTD - ENVISAGES THAT PROTESTS WILL HAVE A NEGATIVE EFFECT ON SUN DREAMS' FINANCIAL RESULTS FOR YEAR ENDING 31 DEC 2019.SUN INTERNATIONAL LTD - THERE HAS ALSO BEEN SOME DAMAGE TO CERTAIN OF SUN DREAMS' PROPERTIES AS A CONSEQUENCE OF CHILE PROTESTS.  Full Article

Sun International Says Parties Not Been Able To Sign Definitive Agreements
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Sun International Ltd ::PROPOSED MERGER BETWEEN SUN DREAMS SA AND MARINA.SUN DREAMS S. A., MARINA REMAIN IN TALKS, NEGOTIATIONS REGARDING CERTAIN KEY TERMS AND CONDITIONS PERTAINING TO PROPOSED MERGER.SUN INTERNATIONAL WILL NOT BE IN A POSITION TO POST A CIRCULAR TO ITS SHAREHOLDERS BY 31 OCTOBER 2019.SHOULD PARTIES FAIL TO REACH AGREEMENT BY 31 OCT 2019, MEMORANDUM OF UNDERSTANDING ENTERED INTO BETWEEN PARTIES WILL LAPSE.PARTIES REMAIN IN DISCUSSIONS, CONSEQUENTLY HAVE NOT BEEN ABLE TO FINALISE DUE DILIGENCE EXERCISE AND SIGN DEFINITIVE AGREEMENTS.  Full Article

Grand Parade To Sell Interest In Sun Slots For R504.3 Mln
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Grand Parade Investments Ltd ::DISPOSAL OF INTEREST IN SUN SLOTS (RF) PROPRIETARY LIMITED.PROPOSED DEAL FOR CONSIDERATION OF R504.3 MILLION.ENTERED INTO REPURCHASE AGREEMENT WITH SUN SLOTS PROPRIETARY LIMITED IN TERMS OF WHICH GCI WILL SELL ALL SHARES IT HOLDS IN SUN SLOTS.PROCEEDS FROM DISPOSAL WILL BE USED TO REDUCE DEBT ASSOCIATED WITH ASSET.GPI'S INTENTION TO PASS ON A PORTION OF PROCEEDS BACK TO SHAREHOLDER'S IN FORM OF A SPECIAL DIVIDEND AND/OR SHARE BUYBACK.SALE REPRESENTS 30% ANNUALISED RETURN, BASED ON INITIAL CAPITAL INVESTED, 46% PREMIUM ON CURRENT CARRYING OR BOOK VALUE OF ASSET.  Full Article

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South African casinos switch slot machines back on, but hurdles remain

PRETORIA, South Africa When Sun International's Times Square Casino in South Africa's administrative capital Pretoria opens its doors again on Monday, following a three-month shutdown, every second slot machine will be off and shields will separate clients.