NEWS
2021
The Eskom, Camden Ash Dam project was issued to WBHO as a single phase with two packages, namely Phase 1A and Phase 1B. The works included the construction of an ash disposal dam, an ash water return dam and associated ancillary works. The project was necessitated by the existing ash dam reaching the end of its usable life span and the need for additional capacity was required for continued electricity generation. The project has surpassed 2 million LTI free hours. This represents no LTI’s since the project’s inception.
The Camden ash dam is a multi-disciplinary endeavour coalescing civil, mechanical and electrical elements to bring the project to fruition. The newly constructed ash dam facility has a combined phase 1 footprint of 63ha. WBHO has been engaged in construction works on the Camden project since 2017.
The scale of the project coupled with South Africa’s desperate need for electricity has put the Camden project in the spotlight. Given the above, WBHO was in the unique position to work jointly with the stakeholders to bring the project to fruition as a matter of national interest.
The intertwined nature of works has proven to be the biggest challenge by safely executing the works. Enforcing the understanding that safety is not a team by team ‘blinkered’ activity but rather a blanket that covers the entire site. The safety ethos has not only been to look beyond the actions of yourself and those immediately around you but to look out at the greater site and understand how you as an individual affect the safety dynamics of the site and how others do the same. This appreciation for the actions and counter actions of others as well as yourself has allowed all the participants on site to be more mindful of what and how they are conducting their activities, on site. Visible field leadership which demonstrates management’s commitment to safety as well as one on one engagements with the labour force to drive home the importance of safety first, were vital to a safe work culture. Putting in place safety protocols, monitoring them and ensuring they are adhered to have been the crowning achievement of the sites safety team and the larger project team as a whole.
The WBHO site team has implemented a number of safety initiatives that emphasise the commitment the project team has to safety, both on and off site. The 2 million LTI free hours has been a tremendous achievement and the commitment of all participants to a safe working culture is applauded and indicative of The WBHO Way.
Article By:
Gift Ragkosi
Assistant Site Agent
WBHO Construction has successfully completed a fast track 100 bed modular field hospital at the Cecilia Makiwane Hospital in East London. This Design and Construct project will provide additional critical care capacity to the already strained healthcare infrastructure currently fighting COVID-19. The 2 300sqm facility consists of 10 ICU beds and 90 specially equipped ward beds. The wards being spatially arranged, so as to best treat contagious diseases such as COVID-19.
WBHO broke ground on 11 January 2021 and handed over the completed facility to Siemens South Africa and the Solidarity Fund, in just under 12 weeks. The design was all about fast-track construction and incorporated a structural steel superstructure atop a raft foundation, with pre-manufactured insulated chromadeck wall panels. The modular solution can also be easily scaled to suit varying capacities and simplifies the construction process, thereby also making it suitable for remote locations.”
RETIREMENT OF CURRENT COMPANY SECRETARY AND APPOINTMENT OF A NEW COMPANY SECRETARY
Shareholders are advised that Shereen Vally-Kara will retire as company secretary of the Company, with effect from 31 March 2021 and Donna Msiska has been appointed company secretary of the Company with effect from 1 April 2021.
DIRECTORS DEALINGS – TRADING OF WBHO ORDINARY SHARES
Subsequent to the vesting of the 2017 allocation of Performance Shares, the following directors sold vested shares through on-market trades. The nature of all the trades are direct beneficial.
DIRECTORS DEALINGS – VESTING OF THE 2017 ALLOCATION OF THE WBHO SHARE PLAN
As was disclosed in the 2020 Integrated Report, the 2017 allocation of performance shares vested at approximately 150% of the allocation. These shares vested on 11 March 2021 and were transferred off-market to the affected executives. The interests in these transactions will be directly and beneficially held by the respective executives.
DEALING IN SECURITIES BY A PRESCRIBED OFFICER
In compliance with paragraphs 3.63 to 3.74 of the JSE Listing Requirements, WBHO hereby
announces the following transaction:
Name of prescribed officer: EA Mashishi
Date of transaction: 4 March 2021
Number of securities: 5 000
Price per share R 99.85
Total value of transaction: R 499 250.00
Class of shares: Ordinary shares
Nature and extent of interest: Sale of shares “on market” as a direct beneficiary
Download the full announcement
UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020
FINANCIAL HIGHLIGHTS:
The Group’s operations in Africa and the United Kingdom once again produced solid results over
the first six months of the financial year amidst a challenging environment. Despite further losses incurred within the infrastructure business in Australia, both the Australian building operations and the wider Group returned to profitability.
TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 DECEMBER 2020
Shareholders are referred to the Business Update and Trading Statement in respect of the six months ended 31 December 2020
which was released on SENS on 17 February 2021 and are now advised that when compared to the earnings per share (“EPS”) of
412 cents per share and headline earnings per share (“HEPS”) of 411 cents per share for the half year ended 31 December 2019,
the EPS and HEPS of the Company for the period ended 31 December 2020 are now expected to be lower by at least 92% and 80%
respectively, equating to 32 cents and 81 cents, respectively. The reason for the slight improvement is as a result of finalising the
tax charge for the period.
BUSINESS UPDATE AND TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 DECEMBER 2020
WBHO’s operations in Africa and the United Kingdom produced solid results over the first six months of the financial year
amidst a challenging environment. The Group will return to operating profitability even though it has been negatively
affected by further previously unidentified costs to complete the WRU project.
REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS
Wilson Bayly Holmes Ovcon-Limited shareholders are advised that at the Annual General
Meeting of shareholders held on Wednesday, 10 February 2021, all the ordinary and special
resolutions as proposed in the Notice of the Annual General Meeting were approved by the
requisite majority of members.
Acquisition of securities by Old Mutual Limited (“Old Mutual”)
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 20.17% of the total issued ordinary shares of the Company.
AVAILABILITY OF THE INTEGRATED REPORT, NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
WILSON BAYLY HOLMES – OVCON LIMITED (Incorporated in the Republic of South Africa) (Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“the Company”)
AVAILABILITY OF THE INTEGRATED REPORT, NO CHANGE STATEMENT AND
NOTICE OF ANNUAL GENERAL MEETING
AVAILABIILITY OF THE INTEGRATED REPORT
Shareholders are advised that the Integrated Report for the year ended 30 June 2020 is available on the company’s website at www.wbho.co.za, with effect from Monday, 18 January 2020.
NO CHANGE STATEMENT
The financial information included in the Integrated Report has been extracted from the full audited consolidated financial statements for the year ended 30 June 2020 published on
17 November 2020, or from a previous year’s audited consolidated financial statements where indicated. There have been no changes to the audited consolidated financial statements for the year ended 30 June 2020 since being published.
IMPACT OF COVID-19 ON THE AGM
As a consequence of the impact of the COVID-19 pandemic, limitations have been placed on public gatherings under the Disaster Management Act, 57 of 2002. As a socially responsible corporate citizen, WBHO will now conduct the AGM entirely by way of electronic participation.
NOTICE OF ANNUAL GENERAL MEETING
The 38th annual general meeting of Wilson Bayly Holmes-Ovcon Limited will be held by way of electronic participation on Wednesday 10 February 2021 at 11h00.
Shareholders are referred to the Notice of Annual General Meeting, which forms part of the Integrated report and is available on the Company’s website.
In order for shareholders to attend, participate and vote at the virtual annual general meeting, the record date to be recorded in the register of the Company is Friday, 5 February 2020, the voting record date.
Accordingly, the last date to trade in order to be registered in
the Company’s register of shareholders is Tuesday, 2 February 2020. Forms of proxy must be lodged by no later than 11h00 on Tuesday, 9 February 2020.
18 January 2021
Johannesburg
Sponsor: Investec Bank Limited
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Further to the renewal of Cautionary Announcement released on SENS on 9 December 2020 and Cautionary
Announcement released on SENS on 28 October 2020 in relation to an unsolicited indicative, non-binding and
conditional proposal from a major international construction and civil services company to acquire WBHO’s 88
per cent interest in Probuild (“Proposed Transaction”).
Confirmation of date of distribution of integrated annual report and notice of annual general meeting
WILSON BAYLY HOLMES – OVCON LIMITED Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO”, “the Group” or “the Company”)
Further to the audited consolidated financial statements for the financial year ended 30 June 2020 released on SENS on Tuesday, 17 November 2020, shareholders are advised that the integrated annual report and notice of annual general meeting will be made available on 18 January 2021.
The audited consolidated financial statements for the financial year ended 30 June 2020 and the independent auditor’s report thereon are available on the company’s website at www.wbho.co.za
By order of the board
Johannesburg
5 January 2021
Sponsor: Investec Bank Limited
2020
WILSON BAYLY HOLMES – OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement released on SENS on 28 October 2020, in respect of an unsolicited indicative, non-binding and conditional proposal from a major international construction and civil services company to acquire WBHO’s 88 per cent interest in Probuild (“Proposed Transaction”). Shareholders are advised that negotiations are still in progress in respect of the Proposed Transaction which, if successfully concluded may have a material effect on the price of the Company’s securities.
Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a full announcement is made.
Johannesburg
9 December 2020
Sponsor: Investec Bank Limited
FINANCIAL PERFORMANCE:
The Group results were severely affected this year by the impact of two material loss-making projects
in Australia and the COVID-19 global pandemic.
– Revenue for the year increased by 6% to R43 billion (2019: R41 billion)
– Earnings per share decreased by 200% to a loss per share of 937 cents (2019: earnings of 939 cents per share)
– Headline earnings per share decreased by 199% to a headline loss per share of 923 cents (2019: earnings of 932 cents per share)
– The net asset value amounts to R5,9 billion (2019: R6,1 billion)
– Cash and cash equivalents increased by 28% to R7,6 billion (2019: R6 billion)
Download the full announcement
Wilson Bayly Holmes-Ovcon (“WBHO” or “the Company”) refers to its announcement released on the Stock Exchange News
Service (“SENS”) on 3 June 2020 in relation to an unsolicited indicative, non-binding and conditional proposal from a major
international construction and civil services company to acquire WBHO’s 88 per cent interest in Probuild (“Proposed Transaction”).
Following a period of discussion, WBHO confirms that the Proposed Transaction is well progressed. Whilst in principle agreement
has been reached on the majority of key terms and negotiations are materially advanced, the Proposed Transaction remains
subject to finalization and execution of binding transaction documentation and key conditions including counterparty, regulatory
and shareholder approvals. Probuild management in Australia have been intimately involved in the Proposed Transaction and are
committed to the successful completion of the steps to finalise the Proposed Transaction.
Accordingly, shareholders are advised to exercise caution when dealing in WBHO shares until a further announcement is made.
By order of the board
Johannesburg
28 October 2020
Sponsor: Investec Bank Limited
Shareholders are referred to the market update published on SENS on 3 June 2020 in which stakeholders were advised
of the potential impact of COVID-19 and two material loss-making projects in Australia on the performance of the
Group for the financial year ending 30 June 2020.
The directors of WBHO now hereby advise shareholders of the full extent of these events.
Download the full announcement
Wilson Bayly Holmes-Ovcon (“WBHO” or “the Company”) refers to its announcement released on the Stock Exchange News Service (“SENS”) on 3 June 2020 in relation to an unsolicited indicative, non-binding and conditional proposal from a major international construction and civil services company to acquire WBHO’s 88 per cent interest in Probuild (“Proposed Transaction”).
Following a period of discussion, WBHO confirms that the Proposed Transaction is well progressed. Whilst in principle agreement has been reached on the majority of key terms and negotiations are materially advanced, the Proposed Transaction remains subject to finalization and execution of binding transaction documentation and key conditions including counterparty, regulatory and shareholder approvals. Probuild management in Australia have been intimately involved in the Proposed Transaction and are committed to the successful completion of the steps to finalise the Proposed Transaction.
Accordingly, shareholders are advised to exercise caution when dealing in WBHO shares until a further announcement is made.
By order of the board
Johannesburg
28 October 2020
Sponsor: Investec Bank Limited
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
recommence work.
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.
Download the full announcement
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).
2019
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 Empowerment Report Special Edition October 2019
“Educating and upskilling black employees is the strengthening focus of the B-BBEE Codes of Good Practice, and this is where this year’s top-ranked BBBEE companies continue to outperform their competitors. The Most Empowered Company on the JSE is construction group Wilson Bayly Holmes Ovcon (WBHO). It prides itself as a company in which education doesn’t stop at internal training and apprenticeships but extends into tertiary level education for deserving black learners and providing mentorship for its bursary students. WBHO also has 16 emerging black contractors, as well as some of its own employees, on its enterprise development programme. “Our success has been in crossamplifi cation of employment equity and training,” says Ingrid Campbell, director of WBHO Group Support Services. “For example, our young bursary students are mentored by an older WBHO bursary student to ensure that they succeed at varsity and when they start their working life together at the company. “We have also established amazing engineering schools with lectures held by senior operational staff , and through our trust, we offer tertiary education to our employees’ children. The results of these efforts are now becoming visible and we are all extremely proud to have become a transformed company,” she says. This speaks to the efforts of the construction sector as a whole in aligning itself to the B-BBEE Codes of Good Practice, having revised its charter at the end of 2017 to adhere to the then amendments to the codes.”
-By Helen Grange
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.
Change in responsibilities and appointment of executive director
Mike Wylie, after 45 years of exemplary service, has indicated that he intends to retire at our Annual General Meeting on the 20th November 2019. His leadership throughout this time has resulted in the continued growth and stability of WBHO.
MARKET UPDATE: JUNE 2019
The directors of Wilson Bayly Holmes-Ovcon Limited (‘WBHO’ / ‘the group’) wish to advise shareholders of
developments within the group during the second half of the financial year ending 30 June 2019.
The operating performance of the group over the first six months of the financial year will be negatively affected upon the recognition of a material provision in respect of the anticipated loss to complete the OSAR Western Roads infrastructure project in Australia. The completion of contract anticipated loss is due to the interpretation of the technical specifications within the contract bid design resulting in the underestimation of the physical construction works required under the design and construct contract. The Group is investigating all possible recoveries.
2018
Click image to enlarge
Employer: Growthpoint Properties Limited
Principal Agent: Glad Africa Project Managers (Pty) Ltd
Architect: AMA Architects
Contract Period: September 2017 – February 2019
Est. Value at Completion: ZAR 468m
Location: Centurion, South Africa
The construction of a 10 storey office development, comprising four basement levels and five office levels plus roof. Construction includes for the raft foundation and all works from bottom of raft excavation level, upwards. The overall GBA is 59 883m² with a building height of 35m. The internal atrium has an area of 385m² with a height of 23.5m. The triple volume reception has an area of 356m².
The summary consolidated financial statements are prepared in accordance with the JSE Limited Listings Requirements, the framework concepts and the measurement and recognition requirements o fInternational Financial Reporting Standards (IFRS), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements as issued by the Financial Reporting Standards Council.
The shareholders of Wilson Bayly Homes-Ovcon Limited (WBHO) are hereby advised that WBHO UK Limited, a wholly owned subsidiary of WBHO, has entered into an agreement through which it has acquired 60% of the issued share capital of Russells Limited for a consideration of £32,8 million and 31,7% of the issued share capital of Russell Homes Limited for a consideration of £3,25 million, with an effective date of 18 July 2018.
The directors of Wilson Bayly Holmes-Ovcon Limited (‘WBHO’ / ‘the group’) wish to advise shareholders of developments within the group during the second half of the financial year ending 30 June 2018.
The directors further advise shareholders that the marked increase in earnings per share is attributable to the full value of the group’s socio-economic contribution arising from the Settlement Agreement signed with the Government of South Africa being recognised in the consolidated results for the comparative period ending 31 December 2016.
2017
Executive Directors, Prescribed Officers and the Company Secretary have been granted rights (off market) to participate in the Company’s share incentive plan as follows: Performance share awards, which are subject to performance conditions and vest after three years.
Shareholders are advised that Macquarie is hosting a CEO Infrastructure Conference on Wednesday, 29 November 2017 at which the Company’s management will be submitting a presentation. The presentation will be made available on the Company’s website at www.wbho.co.za.
The financial information on which this presentation is based, has not been reviewed by the external auditors.
Johannesburg
29 November 2017
Shareholders are referred to the market update published on SENS of the JSE Limited on 23 June 2017.
In the period to 30 June 2017, WBHO has recognised the full value of the group’s socio-economic contribution arising from the Settlement Agreement signed with the Government of South Africa on 11 October 2016, along with the corresponding financial liability.
As a result, the directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that, in respect of the consolidated financial results for the year ended 30 June 2017, earnings per share and headline earnings per share are expected to vary by the percentages and amounts included in the table below:-
Silo 3 is the latest of five “Silo” buildings to be completed by WBHO in the Silo District Development of the V&A Waterfront in Cape Town. All five buildings surround the Grain Silo Royal Portfolio Hotel and Zeitz Mocca Museum, which form the focal point of the development. The project began on 5 October 2015 and was completed in April 2017. Upon completion the building had to achieve a 4-Star Green Rating, which had a significant impact on the project’s design specifications.
Silo 3 is a residential development consisting of 79 luxury apartments (of which 5 are penthouse apartments), spread across 3 blocks of 8, 10 and 12 levels. The fact that work had to be conducted simultaneously in each of the three blocks was one of the chief challenges faced on this job. The apartments range from 1-bedroom flats to a 5-bedroom double story penthouse.
The development represents the finest quality residential space in the V&A, with the vast majority of the apartments finding buyers well before completion. The building is a combination of structural steel and concrete, and has a façade made up of aluminium shop fronts and plastered brickwork. External areas, passages and lobbies exhibit off shutter concrete, exposed services and mild steel which are characteristics of the silo district, and in keeping with the theme of a working harbour development. The internal finishes of the apartments showcase some of the latest trends in interior design. Floating timber floors, plush carpets, Italian tiles (with underfloor heating) reinforce the feeling of luxury to the apartment in themselves. All apartments are equipped with air conditioning, and premium and penthouse apartments with programmable lighting. The views from each of the floors are breath-taking, whether it is Signal Hill, Lions Head, the harbour and bay, or Table Mountain.
Ballito Junction Regional Mall has been named the best new shopping centre development in South Africa this year. It won the prestigious South African Council of Shopping Centres’ Retail Design and Development Award (RDDA) 2017 for a new retail property development
Constructed by WBHO, the centre opened in March this year on the Dolphin Coast of KwaZulu-Natal. It is owned and developed by Flanagan & Gerard Property Development and Investment and Menlyn Maine Investment Holdings.
This spectacular regional mall is designed by MDS Architecture and Boogertman KZN. It is the major expansion of an existing 10 000 sqm shopping centre, which has grown eight times its size, to an impressive 80 000 sqm of world-class retail and leisure.
The fiercely contested awards, sponsored by Nedbank CIB, were announced at the SACSC’s 21st Annual Congress in Cape Town.
Commenting on receiving the well-regarded accolade, Patrick Flanagan of Flanagan and Gerard, said: “We are thrilled that Ballito Junction, which is an exceptional development achieved by an exceptional team, has been honoured with this prize. We believe that Ballito Junction Regional Mall realises our strategy of creating the ideal shopping and entertainment experience for its market, while also reflecting the latest in inspired mall design, tenant mix and retail innovation.”
Carl Jankowitz of Menlyn Main Investment Holdings said: “With the development of Ballito Junction Regional Mall, we have created a breath-taking experience in a truly world-class asset. We are delighted that the RDDA Awards have recognised its excellence. This honour from SACSC is a testament to the extraordinary vision, expertise, experience and skill that has been invested in Ballito Junction by the entire team.”
Clinching the esteemed award, Ballito Junction’s standout qualities that impressed the judges were noted to include its six anchors and a multi-screen cinema arranged over three levels making imaginative use of the topography of its site.
They said: “The tenant mix is excellent and clearly defined throughout the three levels with a strong food and beverage offer at the lower level forming a major anchor alongside the multi-screen cinema. The curving of the malls is attractively designed with light and bright interiors reflecting an ‘ocean’ theme in colours and motifs. Natural foot-flow feeds in at the highest level with equal distribution throughout from the concealed stacked parking.”
Adding to this achievement for the magnificent mall, Ballito Junction’s Exclusive Books also shone at the prestigious awards. It scooped top honours for the best designed retail store in the country. It was designed to Exclusive Book’s brief by Dakota Design.
Flanagan and Jankowitz congratulated Exclusive Books, on behalf of the mall, for creating a remarkable experience in its bespoke Ballito Junction bookshop, which features a design inspired by its unique setting.
The warm and inviting interior of Exclusive Books in Ballito Junction is clad throughout by its own merchandise – books. The concept is enhanced by a large central table encouraging social community and inviting customers to browse and dwell. This is combined with a coffee shop offer to further encourage relaxation in the store. The worktop and table areas are enhanced by attractive downlight fittings and the upstand fascias are given a timeless quality with distressed terracotta white glazed tiling.
Ballito Junction features as sensational selection of over 200 shops, restaurants, and services. It is located just off the N2 highway on Ballito Drive.
On the 1st March 2017, the doors to the Grain Silo Hotel opened to the public. This 28 room boutique hotel is the result of the epic reconstruction of the existing century old Grain Silo building at the V&A Waterfront and has been two and half years in the making.
The reconstruction of the building that stands today involved retaining the existing structure’s outer shell and essentially hollowing out the inside of the building to create the usable hotel and museum spaces seen today. The concept of this development was the brainchild of the internationally renowned artist/architect Sir Thomas Heatherwick who has been involved in work such as the Olympic Cauldron for the 2012 London Olympics and the Seed Cathedral at the UK pavilion in 2010. The hotel has an exquisite restaurant and roof top bar with one of the best 360 degree views in the world.
The construction of the hotel was a real feat of engineering in that the majority of the inside of the new hotel previously consisted of grain bins. These consisted of concrete walls two and a half meters apart and 20 meters tall, which had to be demolished from the bottom up after the outer shell of the structure had been stabilized. The demolition involved driving a 5 tonne Montabert into the bins from the side and letting it eat it’s way around the inside of the hotel for one and a half floors, keeping the outer and inner main structure intact and the remainder of the bin walls left hanging above. Once this was done, the floor on the inside of the shell could be constructed and then the five tonne machine could be loaded onto this new slab to start the whole process again. The sixth floor of the hotel was constructed by driving the Montabert into and out of the building off a scaffold platform constructed on the outside of the hotel.
To finish the building off the architects clad the outside in a one of a kind “pillow façade” constructed entirely of steel and glass. Each individual window is 5 meters in height and 4 meters in width and made of 52 pieces of glass creating facets. These were constructed and glazed as one unit in a factory and delivered and installed as one. These windows add an incredible spacial sense to the rooms, when you stand in front of them, admiring the view.
In October 2013, SAFCEC, the seven participating listed Construction Companies and the Black Business Council in the Built Environment (BBCBE) met
to find a way to:
- restore the relationship and build trust with Government,
- make the Industry more inclusive of black people, and
- ensure SA’s very competitive and effective Construction Industry is not damaged but is kept intact as it transforms in a substantial and meaningful way.
Three years of negotiations between SAFCEC, the listed Construction companies and the PICC Ministers, with input from the BBCBE resulted in a Settlement Agreement (also known as the Voluntary Rebuilding Program or VRP) which was concluded and signed on the 11th October 2016. The Agreement includes the withdrawal of SANRAL and possible public sector civil claims and a settlement with the CIDB. There are two aspects to the VRP, a cash contribution and an empowerment commitment. Between the seven companies a total R1,5 bn is to be paid in cash over the twelve year period into the “Tirisano Fund” for:
- Enterprise development programs
- Bursaries for black engineers
- Black artisan training
- Maths and science school projects
- Special social upliftment
- Engineering resource development for Provincial Departments
The Tirisano Trust will be formed to be the custodian of the VRP, trustees will come from SAFCEC, the listed companies and those appointed by the PICC ministers with the BBCBE also having a Trustee. The Trust’s primary role will be to measure progress in meeting the objectives set out and decide on what projects the R1,5 bn will be spent on – the VRP provides guidelines.
For the Empowerment Commitment, the companies have two options – either sell more than 40% shareholding in their SA construction businesses to black people or alternatively mentor two or three black owned companies to achieve a combined turnover of at least 25% of the Listed Companies’ turnover within 7 years.
In WBHO’s case we have committed to mentor and develop Edwin Construction, Motheo Construction and Fikile Construction and we extend a warm welcome to these companies.
There are many positives in the VRP. This Settlement Agreement is a ground breaking model of effective and massive transformation. Also, an on-going, beneficial and co-operative relationship between the construction industry and the Government will be fostered through regular engagements between the CEO’s and Ministers. All CEO’s of the participating listed companies and beneficiaries signed an “Integrity Agreement”. All “irregular” public sector tender awards will also be exposed and dealt with at the highest ministerial level.
WBHO has yet again received the PMR.Africa 2017 Diamond Arrow Award in the category of Large Construction Firms, after a national survey was
conducted on Construction Companies in South Africa.
This is the 18th consecutive year for WBHO to have received such prestigious awards in a row. This achievement is a clear reflection of the hard work and
dedication offered by our team of professionals and support staff.
Thank you to everyone who played a significant role in our continued successful journey!
WBHO Management
Building and civil engineering:
The Building division commenced FY17 with a strong order book and has executed projects effectively
throughout the year. As was reported in the latest interim results, local building markets are showing signs of
tapering, particularly within the retail and commercial office sectors. Additionally various high value projects
have either reached completion or are nearing completion which together with a lower order intake is
reflected in the 14% decrease in the overall building and civil engineering order book at 30 April 2017.
While the Civil engineering division has struggled with a low order intake for some time, the award of the
commercial crude oil terminal at Saldanha, to be executed in conjunction with the Roads and earthworks
division, has alleviated some pressure.
Download the full report
2016
CEO CONSTRUCTION CONFERENCE
Shareholders are advised that Macquarie is hosting a CEO Construction Conference on Tuesday, 6 December 2016 at which the management of the Company will be submitting a presentation providing a market update. The presentation will be made available on the Company’s website at www.wbho.co.za.
Wilson Bayly Holmes – Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
ANNOUNCEMENT REGARDING THE SETTLEMENT AGREEMENT CONCLUDED WITH THE SOUTH AFRICAN GOVERNMENT
Shareholders are advised that WBHO Construction (Pty) Ltd (WBHO) a subsidiary of Wilson Bayly Holmes – Ovcon Limited entered into a settlement agreement (the Settlement Agreement) with the government of the Republic of South Africa (the Government), together with other construction companies (collectively, the Construction Companies), in an effort to address the Construction Companies’ exposure to potential claims for damages from certain identified public entities (the Claims) arising primarily from the fast track settlement process launched by the South African Competition Authorities in February 2011 (the Fast Track Settlement Process), as well as to significantly advance the transformation of the South African construction sector.
The Kumasi Mall safety representatives proudly displaying their awards presented at the ceremony..
Kumasi City Mall During construction
WBHO Ghana, currently constructing the new Kumasi City Mall in Ghana has recently achieved one million lost time injury free hours since the start of the project in March 2015 This Safety milestone marks the third time in four years that WHBO has achieved one million LTI free hours for a building project in Ghana.
A commemorative event was held on the construction site in Kumasi and the WBHO Safety representatives were awarded for this remarkable achievement. Also at the ceremony, the Chief of Asokwa in Kumasi, Nana Fe-Baamoah II, who carried out a congratulatory message to all the workers.
Kumasi City Mall, strategically positioned on one of the major roads in Kumasi, Ghana, in the gold rich area of Ashanti, comprises over 400m of frontage and include main anchor tenants such as Mr Price, Game and Shoprite. The mall has a GLA of 18 157 m2 and a GBA of 47 187 m2 which includes a 15 440 m2 basement parking and will be the first of its kind to be built in Kumasi and is scheduled to open for trade in April 2017. The Kumasi City Mall development is owned by Delico Kumasi Limited, an affiliate of Delico Achimota Limited and Delico Property Developments Limited, also the developer of Accra’s famous West Hills Mall also built by WBHO. Projects of this size is critical for the Infrastructure development and progress of the Ghanaian economy and WBHO is honored to be part of this development.
The WBHO team have had three major safety award presentations for Ghana projects to date. Projects include the new West Hills Mall in Accra that achieved 2 000 000 LTI free hours, the Achimota Mall with 1 000 000 LTI free hours, as well as the Kumasi City Mall with 1 000 000 LTI free hours. Occupational health and Safety on all projects are of the upmost importance and is taken seriously by all staff and have the full support of senior management. All site staff are given a comprehensive safety induction on site before the project starts as well as a daily safety talk where a different safety topic is discussed and a safety pledge is repeated.
For all projects, the necessary PPE (personal protective equipment) is always available on site for everyone in need. Our labour team receives training and are certified on site for doing critical functions such as scaffolding. A WBHO safety auditor visits all WBHO Ghanaian projects throughout the year to audit and train and our culture is to support and not to criticise.
Safety stats and current and completed projects by the WBHO building team in Ghana include:
• West Hills Mall – 2 171 695 LTI free hours. As well as a further 392 946 LTI free hours until completion. Valued at US$ 63 Million and was opened for trading in October 2014.
• Junction Mall – 1 020 456 LTI free hours until project completion. Valued at US$ 19 Million and was opened for trading in November 2014.
• Puma Energy Fit Out – 48 860 LTI free hours. Valued at US$ 1.7 Million
• Achimota Mall – 1 829 549 LTI free hours. The project has been completed and we are also doing extra minor works on site. Valued at US$ 28 Million and was opened for trading in November 2015
• Accra Mall – 355 595 LTI free hours. The awarded 2 phases have been completed and we are still being given addition work. Valued at US$ 3 Million.
• Kumasi City Mall – 1 000 450 LTI free hours on the project to date and is 50% complete. Valued at US$ 58 Million and will be completed in March 2017.
Roads & Earthworks stats in Ghana:
• Ahafo Mine for Newmont – 4 495 691 LTI free hours on the project, valued at US$ 80 Million and still in progress.
• Iduapriem Mine for Anglo Gold Ashanti – 1 980 120 LTI free hours on the project, valued at US$ 75 Million and completed in July 2014.
• Golden Ridge Mine for Newmont – 2 918 729 LTI free hours on the project, valued at US$ 60 Million and completed in May 2013.
• Asanko Plant Site for Adansi Gold Company – 764 098 LTI free hours on the project, valued at US$ 18 Million and completed in December 2015.
It is clear that WBHO Ghana receives the full support from WBHO Construction in terms of plant, equipment, finance, personnel and expertise. The Kumasi team has had the benefit of lessons learnt on the previous contracts with a core team made up of both Ghanaians and South Africans.
WBHO is also working successfully with local suppliers and subcontractors as well as our trusted SA subcontractors who are all making a big contribution towards our efforts and successes in Ghana.
Whilst working on the Achimota Mall project, WBHO engaged in some community responsibility work by helping the local police station with new female jail cells and we are currently improving the school on the property adjoining the Kumasi Mall site which involves the construction of a toilet facility and landscaping.
Kumasi Mall Consulting Team:
• Architects: Boogertman and Partners in association with Multicad
• Project managers: GHC Africa in association with Diagonal Projects Africa
• Civil: Aurecon in association with ABP Consult
• Electrical: Nortelec in association with ABP Consult
• Structural Engineers: Bms Baker in association with Rizzle Consult
• Quantity surveyors: DELQS in association with Antwi Baah Consult
• Mechanical Eng: Aurecon in association with ABP Consult
• EHS: MBA Consult
Over the past 11 years in Ghana, WBHO has truly made its mark and been rendering invaluable services to different classes of consultants and clients. True to the core values, culture and vision of WBHO, every client we have worked for has been impressed with the quality of works, efficiency and competitive cost for the project.
It is now well known that all our clients can Rely on Our Ability.
Gigajoule was awarded the Africa Investors “Developer of the year” award and WBHO the “Construction company co-developer of the year” on Monday 9 May 2016, both for our role at the Ressano Garcia Gas Fired Power station in Mozambique.
Congratulations to the WBHO and Gigajoule team involved.
Image: AT THE AFRICA INVESTORS AWARDS, FOR RESSANO GARCIA 100MW GAS POWER STATION.
FROM LEFT: JOHAN DE VOS (GIGAJOULE), NEELTJIE WILKENS (GIGAJOULE) AND LOUWTJIE NEL (WBHO)
WILSON BAYLY HOLMES – OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“WBHO” or “the company”)
Acquisition of securities by clients of Allan Gray Proprietary Limited (“Allan Gray”)
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 clients of Allan Gray, have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray’s clients now amounts to 20.0105% of the total issued ordinary shares of the Company.
Wilson Bayly Holmes-Ovcon Limited hereby confirms that it has received the required notice from Allan Gray in terms of Section 122(1) of the Act. As required in terms of section 122(3) (a) of the Act, Wilson Bayly Holmes- Ovcon Limited has filed the required notice with the Takeover Regulation Panel.
Sponsor: Investec Bank Limited
Johannesburg 18 May 2016
WBHO, with it’s joint venture partner, has recently completed the construction of the new 100MW Gas-fired Power Station at Ressano Garcia in Mozambique for the energy company Gigawatt-Mozambique. The project was executed on a turnkey basis with all engineering, procurement, construction and commissioning forming part of the project scope. The project was inaugurated by Mozambique President Filipe Nyusi on 19 February 2016.
Two WBHO divisions were involved in differing rolls in the project. WBHO Projects in a Joint venture was the overall EPC contractor. WBHO’s Mozambican division (WBHO Projects Limitada) was the civil works subcontractor for the project.
The contract commenced in June 2014 with the civil construction process started on site in August 2014. The foundations for the engines being completed in March 2015. The project as a whole, spanned 18 months. The final test being completed in December 2015; on time, on budget and without any significant accidents. The engineering, procurement, construction cost at completion was approximately 120 million US dollars.
Electricity is produced by 13 ABB generators, equipped with thirteen Rolls-Royce gas engines that have a combined installed capacity of 120 megawatts. Gigawatt-Mozambique will supply the power to EDM (Mozambique’s publicly owned electricity company) under a long term contract. The natural gas will be delivered by Matola Gas Company (MGC) which in turn obtains it from the Pande and Temane gas fields in Inhambane province.
This new power station will add value to Mozambican natural gas industry, create employment opportunities and help attract more investment to Mozambique.
Contract Duration: June 2014 – December 2015
Contract Value: USD 120 Million
Engineer: Parsons Brinckerhoff
Subcontractors: WBHO Civils and TSK (Spain)
Client: Gigawatt-Mozambique
Location: Ressano Garcia, Mozambique
WILSON BAYLY HOLMES – OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“WBHO” or “the company”)
TRADING STATEMENT
The directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that, in respect of the consolidated interim results for the period ended 31 December 2015, earnings per share and headline earnings per share are expected to vary by the percentages and amounts in the table below in comparison to the restated figures:
During the period under review 3Q Mahuma Concrete (Pty) Ltd, a subsidiary of Capital Africa Steel (Pty) Ltd met the requirements for classification as a discontinued operation in terms of International Financial Reporting Standards (IFRS). Earnings per share and headline earnings per share in respect of the comparative period 31 December 2014 have been restated accordingly.
The financial results for the period to 31 December 2015 are expected to be released on SENS 23 February 2016. This statement has not been reviewed or reported on by the company’s auditors.
By order of the board
Johannesburg
12 February 2016
Sponsor: Investec Bank Limited
2015
WILSON BAYLY HOLMES – OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“WBHO” or “the company”)
REPORT ON ANNUAL GENERAL MEETING PROCEEDINGS
Wilson Bayly Holmes Ovcon-Limited shareholders are advised that at the Annual General
Meeting of shareholders held on Wednesday, 11 November 2015, all the ordinary and special
resolutions as proposed in the Notice of the Annual General Meeting were approved by the
requisite majority of members. In this regard, WBHO confirms the voting statistics from the
AGM as follows:
Through the dedication and commitment of all our employees to health & safety, we have had a remarkably improved year.
Safety initiatives, like the “quarterly inter-site safety competition” have assisted in raising safety awareness amongst us. This improved awareness and support is evident in the various accolades that we have achieved.
In the Master Builders Western Cape regional safety competition, the following sites achieved 1st place in their respective categories: Grain Silo, Car Park & Plant Yard.
In the Master Builders South Africa National Safety Competition, the Silo’s came first, with the Car Park and Plant Yard placing second.
In August, Erf 247 Roggebaai, the Silo’s and the Plant Yard all reached 1 000 000 man hours without a lost time injury.
The Divisions LTIFR has improved from 2.5 to 1.3 over the last year, although this is a vast improvement, through further safety initiatives and the commitment from all of our employees we will improve this statistic.
Deon Bester, OHS Manager of MBAWC, in an interview, stated “During our national audits it was clear that when there was management involvement and commitment, health and safety was taken seriously by all. WBHO Cape was no exception, which is evident in their regional and national safety results.”
WBHO Projects Moçambique Limitada won 2 awards at the PMR Africa Awards 2015 in Moçambique, for Best Construction Company and for Best Road Maintanance Projects.
The companies were rated through a random national sample, there were 130 respondents comprising of CEOs, MDs, business owners, company directors, managers and senior government officials based in Moçambique.
The company currently employees 1,110 Mozambican residents and contributed ZAR 1,1 Billion to the group turnover in the 2015 financial year. Congratulations to the team in Moçambique and the rest of the WBHO family who made this possible.
Deon de Beer (MD E.C) receiving the Diamond Arrow award on behalf of WBHO Eastern Cape.
The PMR Awards (Provincial Survey Business Excellence) breakfast was held at The Plantation on Friday 21 August 2015
WBHO has been awarded the PMR.Africa Diamond Arrow award once again this year, by topping the overall “Construction Industry” section.
The purpose of the PMR.Africa awards is to recognise excellence and it sets a bench mark in the industry. In the past 10 -15 years WBHO has truly been one of the leaders in the PMR construction sector awards.
Well done to our team for achieving such excellence by receiving these awards every year.
MACQUARIE GROUP LIMITED (“MACQUARIE ”): CEO CONSTRUCTION CONFERENCE
Shareholders are advised that Macquarie is hosting a CEO Construction Conference on Wednesday, 28 October 2015 at which the Company’s management will be submitting a presentation. The presentation will be made available on the Company’s website at www.wbho.co.za.
Johannesburg
28 October 2015
Sponsor: Investec Bank Limited
WBO – Wilson Bayly Holmes – Ovcon Ltd – Sale of Shares
Wilson Bayly Holmes – Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
DEALING IN SECURITIES BY DIRECTOR
In compliance with Rules 3.63 – 3.65 of the JSE Listing Requirements, the following information is disclosed:
AVAILABIILITY OF THE INTEGRATED REPORT
Shareholders are advised that the Integrated Report for the year ended 30 June 2015, including summarised consolidated financial statements for the same period, is available on the company’s website at www.wbho.co.za, with effect from Wednesday, 15 October 2015.
NO CHANGE STATEMENT
The summarised consolidated financial statements included in the Integrated report contain no changes or modifications to the audited summarised consolidated financial statements for the year ended 30 June 2015 published on SENS on 31 August 2015 and posted to shareholders on 3 September 2015.
The audited summarised consolidated financial statements for the year ended 30 June 2015 are an extract of the full audited consolidated financial statements which have been audited by BDO South Africa Incorporated and their unmodified report is available for inspection at the company’s registered office.
The full audited consolidated financial statements for the year ended 30 June 2015 are also available on the company’s website.
NOTICE OF ANNUAL GENERAL MEETING
The 33rd annual general meeting of Wilson Bayly Holmes-Ovcon Limited will be held at 53 Andries Street, Wynberg, Sandton on Wednesday 11 November 2015 at 11h00 for the purpose of conducting the business as stated in the Notice of Annual General Meeting in the 2015 abridged financial statements.
The record date for shareholders to be recorded in the register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 6 November 2015 (“voting record date”). Accordingly the last date to trade in order to be registered in the Company’s register of shareholders is Friday, 30 October 2015. Forms of proxy must be lodged by no later than 11h00 on Tuesday, 10 November 2015.
15 October 2015
Johannesburg
Sponsor: Investec Bank Limited
The directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that, in respect of the consolidated results for the year ended 30 June 2015, earnings per share and headline earnings per share are expected to vary by the percentages and amounts included in the table below:-
CLIENT
Growthpoint Properties and Illovo Sugar
PROJECT ARCHITECT
EPA
CONTRACT VALUE
ZAR 232 Million
LOCATION
Sandton, Johannesburg
PROJECT TYPE
Building Commercial
DESCRIPTION
Four level super basement parking area (21 000 m2) and two independent 5 storey towers for Growthpoint Properties and Illovo Sugar Offices.
CONTRACT PERIOD
16 Months
2014
OBJECTIVES
– Deliver a residential tower comprising 536 apartments over 34 storeys
– Upgrade heritage listed Maltstore to accommodate commercial and retail spaces
– Create a feasible and architecturally aesthetic final product that is both respectful to its indigenous past yet meets the objectives of a modern client
– Deliver a residential tower comprising 536 apartments over 34 storeys
– Upgrade heritage listed Maltstore to accommodate commercial and retail spaces
– Create a feasible and architecturally aesthetic final product that is both respectful to its indigenous past yet meets the objectives of a modern client
ACHIEVEMENTS
Using our knowledge and expertise, Probuild were able to start on site the day the contract was signed.
EMPLOYER
SSQ NOMINEE (SUB) PTY LTD
VALUE AT COMPLETION
$158 million
LOCATION
Australia
PROJECT TYPE
Residential
DESCRIPTION
– 34 Storey Apartment Tower
– 536 Apartments
COMMENCEMENT
April 2013
ESTIMATED COMPLETION
August 2015
OBJECTIVES
– Deliver a high-rise, premium apartment development offering magnificent Sydney harbour views
– Convert existing commercial and hotel buildings into 209 apartments and 140 car spaces
– Partially demolish an existing building and build 10 new storeys above
– Fit-out the apartments with medium to high quality finishes
– Deliver a high-rise, premium apartment development offering magnificent Sydney harbour views
– Convert existing commercial and hotel buildings into 209 apartments and 140 car spaces
– Partially demolish an existing building and build 10 new storeys above
– Fit-out the apartments with medium to high quality finishes
ACHIEVEMENTS
Devised an alternative demolition sequencing solution for the client to shorten the programme and complete the project 16 weeks earlier.
EMPLOYER
Barana Group
VALUE AT COMPLETION
$72 million
LOCATION
Australia
PROJECT TYPE
Residential & Retail
DESCRIPTION
– 17 storeys
– 213 apartments
– 140 car spaces
– 7 retail spaces
COMMENCEMENT
September 2011
ESTIMATED COMPLETION
October 2013
OBJECTIVES
– Significantly enhance the existing centre
– Introduce David Jones and 150 new and exciting tenancies
– Deliver an exceptional retail experience for Eastern Melbourne and beyond
– Create a world-class town square incorporating signature restaurants and generous public spaces
– Develop a new library, learning and cultural centre
– Significantly enhance the existing centre
– Introduce David Jones and 150 new and exciting tenancies
– Deliver an exceptional retail experience for Eastern Melbourne and beyond
– Create a world-class town square incorporating signature restaurants and generous public spaces
– Develop a new library, learning and cultural centre
ACHIEVEMENTS
Successfully collaborated with QIC during pre-construction phase
Utilised our extensive experience in the design and development of retail centres nationally
EMPLOYER
QIC Global Real Estate
ARCHITECT
The Buchan Group
VALUE AT COMPLETION
$400 million approx
LOCATION
Australia
PROJECT TYPE
Retail
DESCRIPTION
Expansion of approx 40,000m²
COMMENCEMENT
October 2013
ESTIMATED COMPLETION
Stage 1: Late 2015
Stage 2: Mid 2016
OBJECTIVES
– Deliver a mixed-use development comprising two towers. One with luxury apartments and the second with medical, commercial, retail and restaurant facilities.
– Realise Australia’s first Centre of Excellence in Integrative Medicine (including Chinese medicine) built in collaboration with the NSW Government and the People’s Republic of China.
– Designed with and emphasis on Feng Shui principles
– Deliver a mixed-use development comprising two towers. One with luxury apartments and the second with medical, commercial, retail and restaurant facilities.
– Realise Australia’s first Centre of Excellence in Integrative Medicine (including Chinese medicine) built in collaboration with the NSW Government and the People’s Republic of China.
– Designed with and emphasis on Feng Shui principles
EMPLOYER
Wu International Investments
ARCHITECT
PTW
VALUE AT COMPLETION
$72 million
LOCATION
Australia
PROJECT TYPE
Residential & Retail
DESCRIPTION
– 2 towers
– 12 storeys (4 basement)
– 69 apartments
– 5000m² Medical Centre
– 4300m² retail
– 1700m² restaurant
– 363 car parking spaces>
COMMENCEMENT
January 2014
ESTIMATED COMPLETION
March 2016
WILSON BAYLY HOLMES – OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“the company”)
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the company’s 2014 Integrated Report and consolidated annual financial statements for the year ended 30 June 2014 contain no changes or modifications to the audited consolidated financial statements published on 1 September 2014.
The 2014 Integrated Report and consolidated annual financial statements are available on the company’s website at www.wbho.co.za and have been posted to shareholders on
14 October 2014.
The consolidated annual financial statements have been audited by BDO South Africa Incorporated and their unmodified report is available for inspection at the company’s registered office.
NOTICE OF ANNUAL GENERAL MEETING
The 32nd annual general meeting of Wilson Bayly Holmes-Ovcon Limited will be held at 53 Andries Street, Wynberg, Sandton on Wednesday 12 November 2014 at 11h00 for the purpose of conducting the business as stated in the Notice of Annual General Meeting in the 2014 integrated report.
The record date for shareholders to be recorded in the register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 7 November 2014 (“voting record date”). Accordingly the last date to trade in order to be registered in the Company’s register of shareholders is Friday, 31 October 2014. Forms of proxy must be lodged by no later than 11h00 on Tuesday, 11 November 2014.
15 October 2014
Johannesburg
Sponsor: Investec Bank Limited
WBO 201408180046A
WILSON BAYLY HOLMES – OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)
TRADING STATEMENT
Subsequent to the business update released on SENS in June 2014 in which shareholders were advised of the effects of production constraints and poor trading conditions on the value of non-current assets within the pipe mill, Capital Star Steel, as well as concerns over the future viability of the business, a decision was reached to either sell or close the operation. The shelving and racking businesses, Symo (a division within Capital Africa Steel (Pty) Ltd) and Krost Shelving (Pty) Ltd were also both disposed of during the year and, pending certain conditions precedent, an agreement has been concluded in respect of the sale of Dywidag-Systems International (Pty) Ltd, the business supplying roof bolts to the mining sector. As a result these businesses will be disclosed as discontinued operations in the upcoming release of results.
Thus the directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that in respect of the consolidated results for the year ended 30 June 2014, earnings per share from continuing operations will increase by between 10% and 20% while headline earnings per share from continuing operations will increase by between 5% and 15%.
Earnings per share will decrease by between 25% and 35% while headline earnings per share will be in a range of between -5% and 5% of that of the comparative period.
This statement has not been reviewed or reported on by the company’s auditors.
The financial results for the year to 30 June 2014 are expected to be released on SENS 1 September 2014.
By order of the board
Johannesburg
18 August 2014
Sponsor: Investec Bank Limited
BO 201407220011A
WBHO launches sponsored ADR programme
Wilson Bayly Holmes-Ovcon Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
(“WBHO”)
WBHO LAUNCHES SPONSORED AMERICAN DEPOSITORY RECEIPT PROGRAMME
Shareholders are advised that WBHO launched a sponsored American Depository Receipt
(“ADR”) programme yesterday on the over-the-counter market in the United States (“US”)
through Bank of New York Mellon (“BNY Mellon”).
Each depository receipt in the ADR programme represents one (1) ordinary share in WBHO and
trades under the symbol WBYLY.
By establishing the ADR programme, WBHO hopes to make investing in WBHO accessible to
more international investors, particularly US investors.
JOHANNESBURG
21 July 2014
Sponsor
Investec Bank Limited
Wilson Bayly Holmes-Ovcon Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
Acquisition of securities by clients of Allan Gray Proprietary Limited (“Allan Gray”)
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 clients of Allan Gray, have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray’s clients now amounts to 5.0161% of the total issued ordinary shares of the Company.
Wilson Bayly Holmes-Ovcon Limited hereby confirms that it has received the required notice from Allan Gray in terms of Section 122(1) of the Act. As required in terms of section 122(3) (a) of the Act, Wilson Bayly Holmes-Ovcon Limited has filed the required notice with the Takeover Regulation Panel.
Johannesburg
16 July 2014
Sponsor: Investec Bank Limited
2013
Wilson Bayly Holmes-Ovcon Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
Acquisition of securities by Old Mutual PLC (?Old Mutual?) on behalf of its
Clients.
In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008
and Section 3.83(b) of the JSE Listing Requirements, shareholders are
hereby advised that WBHO has received formal notification in the prescribed
form that Old Mutual has acquired an interest in the securities of the Company
such that the total interest in the securities of the Company held by Old Mutual
has increased to 8.42% of the total issued share capital of the Company.
Johannesburg
3 December 2013
Sponsor: Investec Bank Limited
Barloworld has a global footprint which now includes Tete. Barloworld’s Tete Development consists of a parts warehouse and temporary offices designed for planned future expansion. The project is progressing well and is expected to be completed well ahead of schedule.
TThe earthworks team have cleared 35000m² of bush area in order to prepare the platform for the building team to commence their work. Some 13 000m² of open face excavations, cutting into the existing landscape was needed.
The facility will provide much needed assistance to the local contractors and plant hire businesses and will solve their considerable logistical problems.
Contract duration:
May 2013 – Nov 2013
Contract value:
$5.4Million
Engineer:
ADA Consulting
Client:
Barloworld Equipmentos
Location:
Tete, Mozambique
PROGRESS
We are progressing well with the contract and will complete it in the next few months. It has been an incredible journey from an international expat team that includes no less than 9 different nationalities. The $36 million project funded by Millennium Challenge Account (MCA) includes 2 bridges, a concrete spillway, pump house, earth dam and a new surfaced road. We are in talks with MCA for further work in the Nacala area, a true testament to the quality of work our WBHO team has produced.
We are progressing well with the contract and will complete it in the next few months. It has been an incredible journey from an international expat team that includes no less than 9 different nationalities. The $36 million project funded by Millennium Challenge Account (MCA) includes 2 bridges, a concrete spillway, pump house, earth dam and a new surfaced road. We are in talks with MCA for further work in the Nacala area, a true testament to the quality of work our WBHO team has produced.
This Northern Mozambican project has had more than its fair share of challenges but the team has taken them in their stride, growing in confidence after every success.
EMPLOYER
MCA-Mozambique (Millennium Challenge Account)
ENGINEERS
Jaffares & Green
VALUE AT COMPLETION
+- $30million
LOCATION
Mozambique
PROJECT TYPE
Power
DESCRIPTION
2 bridges, a concrete spillway, pump house, earthen dam and a new surfaced road
Wilson Bayly Holmes-Ovcon Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
Results of Annual General Meeting
Shareholders are advised that at today?s annual general meeting all the
resolutions, with the exception of ordinary resolution number 7 below, as set
out in the notice and proposed at the meeting were passed by the requisite
majority of shareholders present or represented by proxy.
Ordinary resolution number 7 was withdrawn prior to the commencement of
the meeting.
The relevant special resolutions will be submitted to the Companies and
Intellectual Property Commission in due course.
Johannesburg
13 November 2013
Sponsor: Investec Bank Limited
EMPLOYER
Aggreko International Power Projects
Aggreko International Power Projects
CONSULTANT
Aurecon
YEAR COMPLETED
2013
VALUE AT COMPLETION
USD 9.1 million
LOCATION
Mozambique
PROJECT TYPE
Power
DESCRIPTION
Construction work involved the following: 34000m3 of Platform imported fill earthworks 2200m3 of crushed stone layers 2,7km of gravel road with over 20,000m3 cut to fill 10,000m3 of blasting 1,800m2 Asphalting 1200m3 Concrete 1516No. H.D. Bolts
EMPLOYER
Millennium Challenge Account – Mozambique
Millennium Challenge Account – Mozambique
CONSULTANT
Jeffeares & Green
YEAR COMPLETED
2013
VALUE AT COMPLETION
US$ 35,500,000.00
LOCATION
Mozambique, Nacala
PROJECT TYPE
Dams
DESCRIPTION
Nature of work involves the following: Establishment of camp and plant on site Accommodation of traffic on public roads Construction of the following: Road works & Bridges Earth Dam and Concrete Dam Walls Retaining Walls Spillway Structure Outlet Pump house Mechanical & Electrical Services Dealing with water, the existing dam will not be drained but levels are to be lowered accordingly throughout the contract Maintenance of the works.
EMPLOYER
Eskom
Eskom
CONSULTANT
KET
YEAR COMPLETED
2019
VALUE AT COMPLETION
R 9.5 bn
LOCATION
South Africa, Mpumalanga, Emalahleni
PROJECT TYPE
Power
DESCRIPTION
One of Eskom 2 largest power stations on the 5,200m2 site. Kusile comprises 6 generation units of 800 MW each. First Unit to start up by December 2015.
WILSON BAYLY HOLMES – OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932 (the company)
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the company’s 2013 Integrated Report and
consolidated annual financial statements for the year ended 30 June
2013 contain a modification from the audited consolidated financial
statements published on 2 September 2013.
A taxation asset amounting to R255 million has been reclassified from
current liabilities to current assets with the effect that total
current liabilities have increased from R7,355 million to R7,590
million and total current assets have increased from R8,698 million to
R8,953 million.
The 2013 Integrated Report and consolidated annual financial statements
are available on the company?s website at www.wbho.co.za and will be
posted to shareholders on or about 14 October 2013.
The consolidated annual financial statements have been audited by BDO
South Africa Incorporated and their unmodified report is available for
inspection at the company?s registered office.
NOTICE OF ANNUAL GENERAL MEETING
The 31st annual general meeting of Wilson Bayly Holmes-Ovcon Limited
will be held at 53 Andries Street, Wynberg, Sandton on Wednesday 13
November 2013 at 11h00 for the purpose of conducting the business as
stated in the Notice of Annual General Meeting in the 2013 integrated
report.
Johannesburg
11 October 2013
Sponsor:
Investec Bank Limited
2012
EMPLOYER
The Standard Bank of South Africa Limited
The Standard Bank of South Africa Limited
CONSULTANT
Grosskopff, Lombart, Huyberechts and Associates
YEAR COMPLETED
2012
VALUE AT COMPLETION
R 1.1 bn
LOCATION
South Africa, Gauteng, Rosebank
PROJECT TYPE
Office and Commercial Buildings
DESCRIPTION
New offices including basement parking and all related site works
WBO 201208170003A
Trading Statement
WILSON BAYLY HOLMES – OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)
TRADING STATEMENT
The directors of WBHO advise that the consolidated results for Wilson Bayly Holmes – Ovcon Limited for the
year ended 30 June 2012 will show a 10% to 15% decline in earnings per share and a 15% to 20% decline in
headline earnings per share.
The reduction in earnings is primarily due to the Competition Commission provision, the tax treatment thereof
and margin reduction due to competitive trading conditions.
This statement has not been reviewed or reported on by the company’s auditors.
The financial results for the year to 30 June 2012 are expected to be released on 3 September 2012.
By order of the board
Johannesburg
17 August 2012
Sponsor: Investec Bank Limited
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