In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Listing Requirements, shareholders are advised that Wilson Bayly Holmes-Ovcon Limited has received formal notification that PIC, have, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by PIC now amounts to 20.130% of the total issued ordinary shares of the Company.
Shareholders are referred to the JSE general announcement published on SENS on 8 July 2020 advising the market that the
outbreak of the COVID-19 pandemic and subsequent national lockdown in South Africa has caused significant financial reporting
challenges for issuers.
Governments around the world have announced wide-spread measures to contain the outbreak of the Covid-19 pandemic. Due
to the Group’s geographic diversity, these measures have affected operations within each country to varying degrees and severity
at different times.
WBHO continues to work closely with all stakeholders to ensure our industry operates safely under Covid-19 and in compliance
with particular government recommendations. The health and safety of our employees is non-negotiable and the group’s senior
management has worked tirelessly to ensure operational projects remain safe. All divisions were, and are, ready to safely
Wilson Bayly Holmes-Ovcon Limited (“WBHO” or “the Company”) confirms that, from time to time, it
receives unsolicited approaches for Probuild ranging from strategic alliances and partnerships to
acquisition interest in the business. This includes a number of recent approaches. WBHO also confirms
that it has received an unsolicited, indicative, non-binding and conditional proposal from a major
international construction and civil services company to acquire WBHO’s 88% interest in Probuild
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, Wilson Bayly
Holmes-Ovcon Limited hereby announces the following transactions:
In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of the JSE Listing Requirements, shareholders are advised that Wilson Bayly Holmes-Ovcon Limited has received formal notification that Old Mutual, have, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Old Mutual now amounts to 15% of the total issued ordinary shares of the Company.
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Further to the interim results and cash dividend declaration released on SENS on 2 March 2020,
shareholders are hereby advised that the Board has decided to withdraw the dividend of 80 cents per
share (Dec 2018: nil cents).
The group delivered mixed results over the period where a solid performance from the African operations (including South Africa) and a strong first half from the United Kingdom (UK) operations were tainted by further losses provided for within the Australian operations.
The directors of WBHO hereby advise shareholders that, in respect of the unaudited consolidated interim results for the period ended 31 December 2019, earnings per share and headline earnings per share are expected to vary by the percentages and amounts included in the table below:-
Shareholders are advised that the Integrated Report for the year ended 30 June 2019 is available on this website with effect from Tuesday, 29 October 2019.