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05-Jun-2019
(Official Notice)
Shareholders are referred to the announcement dates 18 April 2019 and are advised to continue to exercise caution when dealing in the Company's securities until a full announcement is made.
02-May-2019
(Official Notice)
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that that Fluidrock Advisory (Pty) Ltd resigns as Company Secretary of Wearne with effect from 1 May 2019.
23-Apr-2019
(Official Notice)
Shareholders are advised that Ms Daleen Oosthuizen has resigned as acting Chief Financial Officer with immediate effect. Wearne has begun the process of finding a replacement Chief Financial Officer.
18-Apr-2019
(Official Notice)
Shareholders are referred to the announcement dated 30 January 2019 regarding the term sheet entered into with Furness Investments (Pty) Limited and AGW Trading (Pty) Limited (collectively "the AGW Consortium") to dispose of the property and certain assets of the Muldersdrift Quarry ("Muldersdrift Quarry").



The period of exclusivity has now lapsed between the AGW Consortium and the Company. In the meantime, Wearne has been approached by other parties interested in purchasing the Muldersdrift Quarry and are in negotiations with these parties including the AGW Consortium. Accordingly shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made.
30-Jan-2019
(Official Notice)
21-Jan-2019
(Official Notice)
Shareholders are referred to the announcement released on SENS on 5 December 2018 and are advised to continue to exercise caution when dealing in the Company's securities until a full announcement is made.



05-Dec-2018
(Official Notice)
Shareholders are advised that Wearne has entered into negotiations, which if successfully concluded may have an effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a full announcement is made.
29-Nov-2018
(Official Notice)
Shareholders are advised that Wearne?s Company Secretary iThemba Governance and Statutory Solutions (Pty) Ltd. has changed its name to FluidRock Advisory (Pty) Ltd. with effect from 22 November 2018.
12-Oct-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 31 August 2018 and 1 August 2018 and are advised that the Company expects the financial results and annual financial statements to be released by the 30 November 2018. The discussions with major shareholders regarding the recapitalisation of the Group is still ongoing and shareholders will be updated regarding the outcome of these discussions.



31-Aug-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 1 August 2018 and are advised that the Company expects the financial results and annual financial statements to be released by the end of September 2018.



The discussions with major shareholders regarding the recapitalisation of the Group is still ongoing and shareholders will be updated regarding the outcome of these discussions.
29-Aug-2018
(Official Notice)
Shareholders are advised that Ms Daleen Oosthuizen (BCom) has been appointed as acting Chief Financial Officer with effect from 1 September 2018.
14-Aug-2018
(Official Notice)
Shareholders are advised that Mr Marius Bierman, Chief Financial Officer of Wearne and the Board have concluded a mutual separation agreement. Mr Marius Bierman has resigned as a director with effective from 11 August 2018.



Ms Daleen Oosthuizen (BCom) who has many years of experience in financial management has been appointed to complete the outstanding annual financial statements for the year ended 28 February 2018.
01-Aug-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 2 July 2018 and are advised that the Company expects the financial results and annual financial statements to be released by 31 August 2018.



The discussions with major shareholders regarding the recapitalisation of the Group is still ongoing and shareholders will be updated regarding the outcome of these discussions.
31-Jul-2018
(Official Notice)
Shareholders are advised that Mr Terrence Chauke, has resigned as a non-executive director of Wearne with effect from 27 July 2018.
02-Jul-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 31 May 2018 and are advised that the company?s securities have been suspended by the JSE Ltd. (?JSE?) with effect from Monday, 2 July 2018 because the company failed to submit its provisional financial statements by 30 June 2018 within the three-month period as required by the JSE Listings Requirements.



Shareholders are advised that the company has put in place a program to ensure that the provisional financial results are released by no later than 30 July 2018.



The discussions with major shareholders regarding the recapitalisation of the Group is still ongoing and shareholders will be updated regarding the outcome of these discussions.
02-Jul-2018
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the above mentioned companies have failed to comply with the JSE's Listings Requirements by not submitting their provisional financial statements within the three-month period stipulated in the Listings Requirements. Accordingly, in terms of the Listings Requirements the listings of these companies? securities have been suspended with immediate effect.



This announcement has been placed by the JSE in the interest of shareholders.

15-Jun-2018
(Official Notice)
The Johannesburg Stock Exchange (?JSE?) advised that the above mentioned company has failed to submit their provisional reports within the three-month period stipulated in the JSE's Listings Requirements.



Accordingly, the company's listing on the JSE trading system have been annotated with an "RE" to indicate that they have failed to submit their provisional reports timeously and that the listing of the company's securities is under threat of suspension and possible removal.



If the abovementioned company still fails to submit their provisional reports on or before 29 June 2018, then their listings may be suspended.



This announcement has been placed by the JSE in the interest of shareholders.
31-May-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 14 February 2018 and are advised that Wearne has terminated the funding agreement with Milost Global Inc (?Milost?) as Milost has not fulfilled its obligations in terms the funding agreement of the first drawdown notice.



Discussion with major shareholders regarding recapitalisation of Wearne

Shareholders are referred to the announcement on SENS on 14 February 2018 regarding the discussions with its major shareholders on the recapitalisation of the Group. Shareholders are advised that these discussions are still ongoing.



Shareholders will be updated regarding the outcome of these discussions.



Release of financial results

Shareholders are advised that the company?s financial results for the year ended 28 February 2018 are expected to be released only after the Group has resolved the capitalisation issues referred to above.
26-Apr-2018
(Official Notice)
Shareholders are referred to the SENS announcements dated 10 July 2017 and 23 October 2017 and 14 February 2018 regarding a proposed joint venture between Wearne Aggregates (Pty) Ltd. (?Wearne Aggregates?), a wholly owned subsidiary of Wearne, and Right Gold Machinery (Pty) Ltd. (?Right Gold?) in respect of the Willows Fountain Quarry situated at Pietermaritzburg (?the Quarry?).



Shareholders are advised that Wearne Aggregates, Right Gold and Wearne Quarries Natal (Pty) Ltd. (?Wearne Natal?) entered into a joint venture agreement on 25 April 2018 in respect of the Quarry.



Outline of joint Venture

Wearne Aggregates is the beneficial owner of the Quarry and Right Gold owns a new crushing plant (?the Plant?). The parties agreed to establish a joint venture known as Wearne Quarries Natal (?the JV?) which will operate out of the Quarry.



Wearne Aggregates will allow the JV the use of the Quarry, certain listed assets and equipment, stock and staff necessary to continue the operations of the business. Right Gold will allow the JV to use the Plant and certain equipment, and provide civil works and installation costs to the value of R3 million, as well as R2 million working capital to the JV. It shall also provide certain staff.



The JV will be operated through Wearne Natal. All profits realized from the business of the JV shall be shared equally between Wearne Aggregates and Right Gold. The JV shall be managed jointly by Wearne Aggregates and Right Gold. The JV shall endure for a period of 10 years, unless terminated earlier in accordance with the provisions of the JV agreement. Upon dissolution of the JV, in the absence of an agreement to the contrary, an administrator will be appointed by the parties to handle the dissolution.
14-Feb-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 23 October 2017. Shareholders are advised that Milost Global Inc (?Milost?) has not fulfilled its obligations on the funding obligation of the first drawdown notice. Wearne has put Milost on terms to fulfill its obligation, failing which the funding agreement will be terminated.



Joint venture in respect of Willows Fountain Quarry at Pietermaritzburg

Shareholders are referred to the SENS announcements dated 10 July 2017 and 23 October 2017 regarding the joint venture entered into between Wearne and Wearne Aggregates (Pty) Ltd., a wholly owned subsidiary of Wearne, and Right Gold Machinery (Pty) Ltd. in respect of the Willows Fountain Quarry situated at Pietermaritzburg. Shareholders are advised that following the above SENS announcements one of the major shareholders in Wearne, without whose support the necessary shareholders? resolution will not be passed, has indicated that they do not support the transaction in its current form and will vote against the transaction at a shareholders meeting. The Company is currently evaluating alternative transaction structures that will not require shareholders? approval. The upgrading of the plant at Willows Fountain Quarry is critical to enable the Group to increase production and profitability at the quarry.



Discussion with major shareholders regarding recapitalization of Wearne

Shareholders are advised that the Company has entered into discussions with its major shareholders regarding the recapitalization of the Group. Shareholders will be updated regarding the outcome of these discussions.
15-Dec-2017
(Official Notice)
Shareholders are advised that the Company has appointed Middel and Partners as its independent external auditors with effect from 14 December 2017. Middel and Partners replace Grant Thornton. The change in auditors was initiated by the Company as a result of the resolution to re-appoint Grant Thornton as its independent external auditors not being passed at the annual general meeting held on 3 November 2017.



08-Dec-2017
(Official Notice)
Shareholders are referred to the SENS announcements dated 4 April 2017 and 22 June 2017 advising shareholders that Wearne has entered into an agreement to dispose of the Brandvlei Sand Quarry and ancillary business (?the Transaction?).



On 31 March 2017 and 22 May 2017 Wearne Group entered into various agreements regarding the sale of the Brandvlei quarry business to the buyer, which changed its name to Brandvlei Sands (Pty) Ltd. (?Brandvlei? or ?Buyer?).



As part of the Supply Agreement Wearne and/or Wearne Ready Mixed Concrete (Pty) Ltd. (?Wearne RMC?) and/or Wearne Aggregates (Pty) Ltd. (?Wearne Aggregates?) undertook to purchase from the Buyer the total washed plaster sand requirements of Wearne RMC?s ready-mix plants at Lezonia, Randfontein, Wes 3 and Muldersdrift for a period of two years.



For operational reasons Wearne, Wearne Aggregates and Wearne RMC would however like to limit the plaster sand purchased from the Buyer to 1 500 tonnes per month and it was accordingly decided to amend the terms of the Transaction.



Changes to transaction

On 7 December 2017 the parties agreed to change the Transaction in the following respects:

* Wearne will only subscribe for 20% of Brandvlei?s issued shares, compared to 40% previously.

* Wearne and its subsidiaries undertake to purchase at least 1 500 tonnes of plaster sand from the Buyer per month for the next two years. Should Wearne and its subsidiaries purchase and pay for less than certain target quantities of plaster sand during the first and/or second years, part of Wearne?s shareholding in Brandvlei will be bought back by Brandvlei at one Rand.



The revised terms were submitted to the independent expert, BDO Corporate Finance (Pty) Ltd., which reported that the amended Transaction is still fair as far as shareholders of Wearne are concerned. A copy of their opinion has been supplied to the JSE Ltd. The report is also available for inspection by shareholders at Wearne?s head office for 28 days from the date of this announcement.



The process for registration of transfer of the property into the name of Brandvlei has commenced and it is expected that the Transaction will be completed during January 2018.
04-Dec-2017
(Official Notice)
Shareholders are advised that Mr Petrus Funani Mojono, has been appointed as an independent non-executive director of Wearne with effect from 4 December 2017. He has also been appointed as chairman of the Audit Committee, member of the Social and Ethics Committee and member of the Remuneration and Nominations Committee.
30-Nov-2017
(C)
Revenue for the interim period increased to R213.2 million (2016: R199 million), gross profit rose to R54.2 million (2016: R50.3 million) and operating profit was higher at R14.3 million (2016: R8.2 million). Profit for the year was recorded at R3.8 million (2016: loss of R5 million). In addition, headline earnings per share improved to 0.63 cents per share (2016: headline loss of 1.64 cents per share).



Dividends

No dividend has been declared for the period.



Company prospects

Current economic (GDP) growth rate for 2017 is expected to be 0.7 % and forecast to be 1.1 % in 2018. This low growth forecast will result in a minimal increase in demand for building materials and cement related products. With all current suppliers sitting with excess capacity this will result in margins in this sector still remaining very competitive. There are indications in the market of consolidation in the cement industry and this will hopefully lead to improved pricing in the ready mixed concrete industry. The signing of the 27 renewable energy power purchase agreements by Eskom as announced by Treasury will also lead to significant activity in this sector and hopefully our ready mixed concrete division can secure some of these contracts.



Activity in the aggregates division should also see an uptick in demand as further infrastructure spend is planned by Government. The growth will however be dependent on the availability of funding to local municipalities that are mandated to execute a lot of these contracts.



Further positive prospects for the concrete division are the roll out of the Gauteng Mega City Housing Projects in 2018. The Mega City Projects is an R 100 billion investment that plans to deliver over 800 000 houses in Gauteng over the next 10 years. Our operations are well situated to take advantage of the Western - Southern corridors. The first of these projects has been launched in the Carletonville and Randfontein and more than 4000 housing units are planned for 2018 on these two projects.

13-Nov-2017
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the the six months ended 31 August 2017.



It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic earnings per share of between 1.0 cent and 1.5 cents per share (basic loss of 1.82 cents per share for the six months ended 31 August 2016) which equates to an improvement of more than 100%.



It is also anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline earnings per share of between 0 cent and 1 cent (headline loss of 1.91 cents per share for the six months 31 August 2016) which equates to an improvement of more than 100%.



The Company?s financial results for the six months ended 31 August 2017 are expected to be released at the end of November 2017.
03-Nov-2017
(Official Notice)
Shareholders are advised that, at the annual general meeting of Wearne held on 3 November 2017, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders save for Ordinary resolutions 2,4 and 5. Ordinary resolution 3.3 was withdrawn as Mr Patel resigned from the board of directors on 9 October 2017.



Changes to Director?s Duties

Mr Terrence Chauke has been appointed as chairman of the risk committee, a member of the audit committee, a member of the nominations committee and chairman of the remuneration committee with effect from 3 November 2017.
23-Oct-2017
(Official Notice)
09-Oct-2017
(Official Notice)
Shareholders are advised that Mitesh Patel has resigned as Chairman of the board and member of the audit committee due to other commitments. Wessel van der Merwe, a current non-executive director has been appointed as the Chairman of the board with immediate effect.
06-Oct-2017
(Official Notice)
Shareholders are referred to the SENS dated 2 October 2017 regarding the suspension of the listing of Wearne. Shareholders are advised that the company has submitted its annual financial statements, which was the reason for the suspension. Accordingly, the JSE has agreed to lift the suspension.

06-Oct-2017
(Official Notice)
04-Oct-2017
(Official Notice)
The reviewed financial results for the year ended 28 February 2017 which was released on SENS on 3 July 2017 has been restated. The reviewed financial results for the period ended 28 February 2017 have been restated due to the following items:

* Revenue decreased from R417 829 to R389 429 due to the elimination of Intercompany administrative charges resulting in a decrease in Gross Profit to R41 769. The restatement of Revenue has no impact on the comprehensive loss for the year under review of R32 185 (2016: R12 468)

* A decrease in Operating expenses to R62 964 due to the re-classification of Intercompany expenses previously recognised.

* A decrease in both Trade Payables and Receivables of R9 828 due to the elimination of intercompany Sundry Debtors and Creditors.



There were no changes to the Statement of Changes in Equity and hence there was no change to any of the key indicators that relate to this, including the Earnings per Share and Headline Earnings per share.



Issue of audited annual financial statements

Shareholders are advised that the audited consolidated financial statements and the notices of the annual general meetings for Wearne Limited have been sent to shareholders. The Wearne Limited Integrated Report and the audited consolidated financial statements for 2017 are available online on the group?s website (www.wearne.co.za).



Annual general meeting

Shareholders are advised that the annual general meeting of the shareholders of Wearne will be held on Friday 3 November 2017 at 10h00 at 3 Kiepersol House; Stone Mill Office Park; 300 Acacia Road; Cresta to deal with the business as set out in the notice of annual general meeting forming part of the annual report.
03-Oct-2017
(Official Notice)
Shareholders are referred to the SENS announcement issued by the JSE on 2 October 2017 notifying shareholders that the Company?s shares have been suspended due to failure to submit its annual financial statements within the six-month period stipulated in the JSE Listings Requirements. The annual financial statements were not released timeously due to administrative issues.



Shareholders are advised that the Company will release its annual financial statements by 4 October 2017 and will then apply to the JSE to lift its suspension.

02-Oct-2017
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the company has failed to comply with the JSE's Listings Requirements by not submitting its annual financial statements within the six-month period stipulated in the Listings Requirements. The listing of this company?s securities has accordingly been suspended with immediate effect.



This announcement has been placed by the JSE in the interest of shareholders.



26-Sep-2017
(Official Notice)
Shareholders are advised that Wearne has on 21 September 2017 signed a funding commitment letter with Milost Global Inc (?Milost?) for equity and debt funding of up to R300 000 000, in terms of which Milost will, subject to certain terms and conditions:

- invest R50 million in Wearne for the subscription of ordinary shares in Wearne; and

- lend and advance R250 million in convertible notes.



Milost is not a related party to Wearne.

In the event that any of the above matters fall outside the general authority granted to the board at the last annual general meeting dated 26 October 2016, or if Milost becomes a related party to Wearne as defined by the JSE Listing Requirements, shareholder approval will be required. Milost agreed not to trade its shares in Wearne for a period of 90 days from the date of receipt of shares. The funding is subject to the execution of an equity subscription agreement by both parties. A further announcement will be made in due course.



Withdrawal of cautionary announcement

Shareholders are referred to the SENS announcement dated 13 September 2017 and are advised that caution is no longer required to be exercised by shareholders when dealing in Wearne securities.
13-Sep-2017
(Official Notice)
Shareholders are advised that the Company has entered into negotiations, which if successfully concluded may have an effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities until a full announcement is made.
01-Sep-2017
(Official Notice)
The Johannesburg Stock Exchange (?JSE?) advised that Wearne has failed to submit their annual reports within the six-month period stipulated in the JSE's Listings Requirements. Accordingly, the company?s listings on the trading system have been annotated with an "RE" to indicate that they have failed to submit their annual reports timeously and that the listing of these companies? securities is under threat of suspension and possible removal. Should this company still fail to submit their annual reports by the end of the month of September 2017, their listings will be suspended.
01-Sep-2017
(Official Notice)
In accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.wearne.co.za.
10-Jul-2017
(Official Notice)
Shareholders are advised that Wearne and Wearne Aggregates (Pty) Ltd. (?Wearne Aggregates?), a wholly owned subsidiary of Wearne, have entered into heads of agreement with Right Gold Machinery (Pty) Ltd. (?Right Gold?) to enter into a joint venture in respect of the Willows Fountain Quarry (?the Quarry?) situated at Pietermaritzburg, currently owned by Aggregates.



Disposal to Newco and introduction of Right Gold as shareholder

Aggregates will dispose of the following to a new company to be incorporated (?Newco?), possibly to be called Wearne Quarries Natal (Pty) Ltd., as a going concern for R20 million:

* the assets and business of the Quarry including the mining right and stock but excluding debtors, creditors and cash;

* certain identified long term liabilities of the Quarry, including the rehabilitation liability;

* all staff, in terms of section 197 of the Labour Relations Act, 1995, (?the Quarry business?) in exchange for shares in Newco, subject to the terms and conditions of this agreement and the fulfilment of the conditions precedent.



Right Gold will supply:

* and commission a new crushing plant to the value of R15 million to be erected at the Quarry; plus

* civil works and bear the installation costs of the plant, to the value of R3 million; plus

* working capital of R2 million, in exchange for shares in Newco.



Upon completion of the transaction, Newco will be owned 50% by Aggregates and 50% by Right Gold, and the parties will share equally in the net after tax profits of the company.



Effective date

The effective date of the transaction is the date of fulfilment of the conditions precedent, which is expected to be 1 October 2017.



Financial information in respect of the transaction

The net value of the assets that are the subject of transaction was approximately R 7,9 million as at the year ended 29 February 2017. The loss attributable to the net assets that are the subject of the transaction was approximately R0.6 million for the year ended 29 February 2017.
03-Jul-2017
(C)
30-Jun-2017
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 29 June 2017. Shareholders are advised that Wearne is currently in the process of finalising its results for the the year ended 28 February 2017 and want to update the market with a revised trading statement.



It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic loss per share of between 9.5 cents and 10.6 cents per share (basic loss of 6.52 cents per share for the year ended 29 February 2016) which equates to a decline in the loss per share of between 46% and 63%.



It is also anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline loss per share of between 16.0 cents and 17.0 cents (headline loss of 6.95 cents per share for year ended 29 February 2016) which equates to a decline of more than 100%.



The Company?s financial results for the year ended 28 February 2017 are expected to be released on 30 June 2017.
29-Jun-2017
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the the year ended 28 February 2017.



It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic loss per share of between 7.3 cents and 8.9 cents per share (basic loss of 6.52 cents per share for the year ended 29 February 2016) which equates to a decline in the loss per share of between 12% and 37%.



It is also anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline loss per share of between 14.0 cents and 15.5 cents (headline loss of 6.95 cents per share for year ended 29 February 2016) which equates to a decline of more than 100%.



The Company?s financial results for the year ended 28 February 2017 are expected to be released at the end of June 2017.
22-Jun-2017
(Official Notice)
Shareholders are referred to the SENS announcement dated 4 April 2017 advising shareholders that Wearne has entered into an agreement with Elcu Pumps (Pty) Ltd. to dispose of the Brandvlei Sand Quarry and ancillary business ("the Transaction"). The Transaction is a related party transaction in terms of the JSE Listings Requirements.



Written confirmation from BDO Corporate Finance (Pty) Ltd., an independent expert, that the Transaction is fair as far as shareholders of Wearne are concerned, has been provided to the JSE ("the report"). The report is available for inspection by shareholders at the head office of Wearne for 28 days from the date of this announcement.



Shareholders will be notified once the Transaction is complete.
15-Jun-2017
(Official Notice)
The Johannesburg Stock Exchange (?JSE?) advised that the company have failed to publish their provisional reports within the three-month period stipulated in the JSE's Listings Requirements.



Accordingly, the company?s listings on the JSE trading system have been annotated with an "RE" to indicate that the company?s have failed to publish their provisional reports timeously and that the listing of the companies? securities is under threat of suspension and possible removal. Should the companies? still fail to publish their provisional reports by the end of the month of June 2017 their listings will be suspended.



This announcement has been placed by the JSE in the interest of shareholders.
04-Apr-2017
(Official Notice)
Shareholders are advised that Wearne has entered into an agreement with Elcu Pumps (Pty) Ltd. (?Elcu Pumps?) (?the purchaser?) on 31 March 2017 to dispose of the Brandvlei Sand Quarry and ancillary business (?Brandvlei?) (?the Transaction?).



Terms and conditions

* Wearne has agreed to dispose of the following to the purchaser as a going concern for R7 million:

** The assets and business of Brandvlei including the mining right and property;

** No liabilities of Brandvlei save for the rehabilitation liability.

* The purchaser will, upon completion of the Transaction, be owned 40% by Wearne and 60% by Dennis Human and other investors, including a staff member of the Designated Adviser of Wearne, Exchange Sponsors (2008) (Pty) Ltd. (?the Investors?).

Accordingly the Transaction is a related party transaction in terms of the JSE Listings Requirements and requires written confirmation from an independent expert that the Transaction is fair as far as shareholders are concerned.

* The purchase price will be funded through a combination of a bank loan and a long term loan from the Investors.

* The purchaser will enter into a contract mining agreement with Wearne from the effective date until the transfer of the mining right to the purchaser.

* The purchaser and Wearne will enter into a supply agreement in terms of which the purchaser will supply the total requirement of plaster sand to some of Wearne?s ready-mix plants.

* The parties undertake to do all such things as may be required to obtain written consent of the Department of Mineral Rights to transfer the mining right from Wearne to the purchaser as soon as possible after the effective date.

* The conditions precedent include, among others:

** approval of the disposal of Brandvlei by the board of directors of Wearne; and

** entering into detailed agreements between the parties.

* The Transaction agreements will contain warranties that are normal for a transaction of this nature.

* The effective date for the sale of Brandvlei is expected to be 1 May 2017.
22-Mar-2017
(Official Notice)
Shareholders are advised that Mr Terrence Chauke, has been appointed as a non-executive director of Wearne with effect from 22 March 2017.
25-Jan-2017
(Official Notice)
Shareholders are advised that Marius Bierman CA (SA), has been appointed as the Chief Financial Officer of Wearne with effect from 24 January 2017.
10-Jan-2017
(Official Notice)
The Board of Wearne regrets to announce the death of Matsobane Khwinana, a non-executive director of the Company, who passed away in December 2016. Matsobane was a highly valued member of the board, who brought a wealth of experience, knowledge and skill to the Company along with strong principles. The board extend their deepest sympathy to his family and friends.
30-Nov-2016
(C)
Revenue from continuing operations decreased to R199.0 million (R273.8 million). Gross profit decreased to R50.3 million (R56.4 million). Operating profit lowered to R8.2 million (R10.3 million). Loss for the year widened to R5.0 million (loss of R0.8 million). Furthermore, headline loss per share from continuing operations worsened to 1.64cps (loss of 1.23cps).



Dividend

In line with past practice, no dividend has been declared for the period.



Prospects

The group experienced a decline in performance as a result of low economic growth.



The Group?s strategy of focusing on key operational areas and the monitoring of individual business units continues to drive the business?s turnaround initiatives. The board took a decision to sell all non-core assets and focus on areas where synergies can be achieved between the aggregate and ready mix concrete divisions. The sale of the Bethlehem Quarry and Precast Business form part of the restructure plan which has been in full swing over the last six months.



The ready-mixed concrete division saw a decline in its results during the six months under review. Margins continued to be subdued over the six months due to the over-supply of cement in the industry resulting in increased margin pressures. The division was awarded a contract worth R78 million in the solar farm market in the Northern Cape. This is expected to improve the turnover of the division in the ensuing six months.



The Aggregates business continued to experience tough trading conditions in the last six months contributed by low economic growth and increased levels of competition.



The results of the contracting division declined during the six months under review as most contracts in the division came to end. In addition, more focus will be placed on the group?s core business of the production and selling of ready mixed concrete and aggregates.
24-Nov-2016
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the the six months ended 31 August 2016.



It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic loss per share and a headline loss per share of between 2.05 cents and 1.70 cents per share (basic loss of 0.22 cents per share and headline loss of 0.45 cents per share for the six months ended 31 August 2016) which equates to a decline in the basic loss per share and headline loss of more than 100% .



The financial information on which this trading statement is based has not been reviewed by Wearne's auditors. The Company's results for the six months ended 31 August 2016 are expected to be released at the end of November 2016.



21-Nov-2016
(Official Notice)
The Board advise shareholders that WG Wearne has transferred responsibility for transfer secretarial services to Trifecta Capital Services, with effect from 1 December 2016.

21-Nov-2016
(Official Notice)
Shareholders are advised that Victoria Milazi, the Chief Financial Officer of Wearne, has resigned with effect from 31 December 2016.
26-Oct-2016
(Official Notice)
Shareholders are advised that, at the annual general meeting of Wearne held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 174 063 898 representing 64% of the total issued share capital of the same class of Wearne.



14-Oct-2016
(Official Notice)
Shareholders are referred to the announcement dated 15 September 2016 regarding the general meeting to approve the disposal of the business of WG Wearne Precast (Pty) Ltd. and the disposal of the Bethlehem quarry and ancillary businesses (?the disposals?). At the general meeting of shareholders of Wearne, the resolutions to approve the disposals, was approved with the requisite majority of votes.
15-Sep-2016
(Official Notice)
Shareholders are referred to the SENS announcements dated 7 and 14 July 2016 regarding the disposal of the business of WG Wearne Precast (Pty) Ltd. and disposal of the Bethlehem quarry and ancillary businesses.



Shareholders are advised that a circular, incorporating a notice of a general meeting to be held at 09:00 on Friday, 14 October 2016 at the offices of Wearne, Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta, Randburg, has been mailed to shareholders.



A copy of the circular is available on the company?s website, www.wearne.co.za.





31-Aug-2016
(Official Notice)
Shareholders are advised that the annual financial statements were posted to shareholders on 31 August 2016 and contain no changes to the audited condensed financial results for the year ended 29 February 2016, that was released on SENS on 9 June 2016.



Notice is hereby given that the annual general meeting of shareholders will be held at 10:00 on Wednesday, 26 October 2016 in the boardroom of the company at Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta.



14-Jul-2016
(Official Notice)
Further to the announcement on 10 May 2016 shareholders are advised that Wearne has reached final agreement in regards to the proposed disposal of the business of Wearne Precast (Pty) Ltd. (?Precast?) as a going concern to Jade Industrial Holdings (Pty) Ltd. (?JIH?) (?the transaction?).



Final terms and conditions of the transaction

In terms of the signed transactional agreements the parties have reached agreement with regard to the following:

* JIH will acquire the business as a going concern.

* The salient terms of the transaction include:

- Consideration of R19.6 million for various assets including Plant and Equipment;

- In addition to the above, stock will be acquired at the lower of cost or net realisable value on 60 day terms after the deduction of advanced payments received up to the effective date;

- All other assets not specifically listed in the transaction agreements and all liabilities will be excluded from the transaction; and

- The immovable property owned by Wearne, on which Precast operates, is to be acquired by JIH for R1 200 000 upon the relevant rezoning and subdivision being approved. The parties shall enter into a lease agreement for the period prior to such rezoning and subdivision.

* The transaction is subject to the fulfilment of, among others, the following suspensive conditions:

- The Lease Agreement and Sale of Property Agreement are entered into by the parties thereto;

- The conclusion of funding arrangements between JIH and its funders; and

- Obtaining shareholders? approval for the transaction in a general meeting of Wearne shareholders.

* The effective date proposed for the transaction is anticipated to be 1 September 2016.



Circular to shareholders

Shareholders will be advised as soon as the circular has been posted to shareholders and the suspensive conditions to the transaction have been fulfilled.
07-Jul-2016
(Official Notice)
30-Jun-2016
(Official Notice)
Shareholders are advised that Wearne has been awarded a contract for the supply and operation of a concrete batching plant at the Ilanga Concentrated Solar Power Plant in Upington. The contract value is R77.96 million and the contract will commence in July 2016. The contract duration is 32 months.



The group is also tendering for various other solar and wind farm projects in the Northern Cape in line with its stated objective of participating in this sector of the construction market.
09-Jun-2016
(C)
03-Jun-2016
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the year ended 29 February 2016.



It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic loss per share of between 6.10 cents and 6.80 cents per share (basic loss of 2.28 cents per share for the year ended 28 February 2015) which equates to an increase in the loss of between 167% and 198%.



It is also anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline loss per share of between 6.50 cents and 7.00 cents (headline loss of 2.83 cents per share for year ended 28 February 2015) which equates to an increase in the loss of between 130% and 147%.



The company?s financial results for the year ended 29 February 2016 are expected to be released in early June.
19-May-2016
(Official Notice)
Shareholders are advised that Wearne has entered into discussions, which if successfully concluded may have an effect on the price of the company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement is made.
10-May-2016
(Official Notice)
08-Apr-2016
(Official Notice)
Shareholders are advised that Wearne has entered into discussions, which if successfully concluded may have an effect on the price of the company?s securities.



Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement is made.



02-Feb-2016
(Official Notice)
Shareholders are advised that Victoria Milazi at been appointed as the Chief Financial Officer of Wearne with effect from 1 February 2016.



Victoria is a CA (SA). She completed her articles at PriceWaterhouseCoopers Inc in 2012 and has been employed at Wearne since 2013.
13-Nov-2015
(Official Notice)
In compliance with paragraph 3.59 of the JSE Ltd. Listings Requirements, shareholders are advised that Mr Michael Ross, the Chief Financial Officer of Wearne, has resigned with effect from 31 January 2016.



The board will now commence the process of finding a new Chief Financial Officer.
05-Nov-2015
(C)
Revenue increased to R298.2million (R244.7 million). Gross profit rose to R67.5 million (R60.1 million). Loss for the period narrowed to R831 000 (loss of R1.4 million). In addition, headline loss per share was recorded at 0.53cps (loss of 0.67cps).



Dividend

In line with past practice, no dividend has been declared for the period.



Prospects

The Group continues to focus on key strategic areas and monitor individual business operating units at an executive level. With relatively low gross margin levels at certain business units constant monitoring and early management intervention mitigates the risk of losses. An intensive sales drive and pricing strategy implemented to gain market share and increase volumes sold in the ready-mixed concrete division continues to drive improvement. Tough market conditions ensure the environment remains competitive which is compounded by the oversupply in the cement industry. Gross profit margins are expected to remain under pressure but the growth prospects are positive with market conditions showing improvement in key focus areas such as the residential market. Customer service and product quality will continue to remain the priority for the division.



The aggregates division showed lower than expected growth during the six months under review. The expected South African Government?s planned infrastructure development has not materialized as budgeted. However, the division?s prospects are positive and the order book is at planned targets for the upcoming months. The Concrete Manufactured Products division showed consistent growth in revenue period-on-period. Closer management attention, improved product capability, increased product range and less competitive pricing have all contributed to the divisions improved performance.



The contracting division continues to improve and grow from strength to strength. This division continues to remain a strategic growth area and the company is tendering on numerous other contracts in the renewable energy sector and is confident that further contracts will be awarded.

28-Oct-2015
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the six months ended 30 August 2015. It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic loss per share of between 0.25 cents and 0.35 cents per share (basic loss of 0.50 cents per share for the six months ended 30 August 2014) which equates to an decrease in the loss of between 30% and 50% .It is also anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline loss per share of between 0.35 cents and 0.65 cents (headline loss of 0.67 cents per share for six months ended 30 August 2014) which equates to a decrease in the loss of between 22% and 33%.



The company?s financial results for the six months ended 30 August 2015 are expected to be released in the first week of November 2015.
16-Oct-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Wearne held today, 16 October 2015, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
01-Sep-2015
(Official Notice)
Shareholders are advised that the annual financial statements were posted to shareholders on 31 August 2015 and contain no changes to the audited condensed financial results for the year ended 28 February 2015, that was released on SENS on 29 May 2015.



Notice is hereby given that the annual general meeting of shareholders will be held at 10:00 on Friday, 16 October 2015 in the boardroom of the company at Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta.

29-May-2015
(C)
22-May-2015
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the year ended 28 February 2015. It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline loss per share of between 2.6 cents and 3.0 cents (headline loss of 6.07 cents per share year ended 28 February 2014) which equates to a decrease in the loss of between 50% and 57%. It is also anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic loss per share of between 2.0 cents and 2.4 cents per share (basic earnings of 3.69 cents per share for year ended 28 February 2014) which equates to an decrease of between 155% and 165%.



The company?s financial results for the year ended 28 February 2015 are expected to be released at the end of May.
07-Nov-2014
(C)
03-Nov-2014
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the six months ended 30 August 2014. It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic earnings per share of between 0.45 cents and 0.55 cents per share (basic loss of 0.52 cents per share for the six months ended 30 August 2013) which equates to an increase of between 6% and14% .It is also anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline loss per share of between 0.6 cents and 0.7 cents (headline loss of 0.06 cents per share for six months ended 30 August 2013) which equates to a decrease of between 900% and 1067%.



The company's financial results for the six months ended 30 August 2014 are expected to be released on 5 November 2014.
04-Nov-2014
(Official Notice)
Shareholders are referred to the Trading Statement released on 3 November 2014.



The Trading Statement incorrectly referred to basic earnings per share and should have stated that Wearne will reflect a basic loss per share of between 0.45 cents and 0.55 cents per share (basic loss of 0.52 cents per share for the six months ended 31 August 2013) which equates to an increase of between 6% and 14%.
23-Oct-2014
(Official Notice)
The board of Wearne announced that company has been awarded two contracts to the value of R70 million for the supply of ready mixed concrete as well as earthworks services by Abeinsa EPC Xina (Pty) Ltd. Abeinsa EPC Xina is a subsidiary of the Abengoa group of companies that has been selected by the Department of Energy to develop Xina Solar One in Pofadder. Xina Solar One is a 100 MW parabolic trough plant with a five- hour thermal energy storage system using molten salts.



The supply of ready mixed concrete will be for a period of twenty months while the earthworks contract will be completed in five months. Wearne was selected after successfully completing an R30 million contract for Abeinsa EPC at their Khi Solar One project in Upington. The company is also tendering on numerous other contracts in the renewable energy sector and is confident that further contracts will be awarded.
02-Oct-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Wearne held on 2 October 2014, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 174 631 478 representing 63.18% of the total issued share capital of the same class of Wearne.
29-Aug-2014
(Official Notice)
Shareholders are advised that the summarised annual financial statements were posted to shareholders on 27 August 2014 and contain no changes to the audited condensed financial results for the year ended 28 February 2014, that was released on SENS on 2 June 2014. The complete Integrated Annual Report was published on the company's website www.wearne.co.za.



Notice was given that the annual general meeting of shareholders will be held at 12:00 on Wednesday, 1 October 2014 in the boardroom of the company at Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta.
12-Jun-2014
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the auditor's report on Wearne's Audited Provisional results for the year ended 28 February 2014 contains a modification. Shareholders are advised to refer to the provisional results to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE trading system will continue to reflect an "E" annotation to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modification. This announcement has been placed by the JSE in the interest of shareholders.
03-Jun-2014
(Official Notice)
In the "Companies - Markets" section of today (3 June 2014)'s edition of Business Day, there is a report by Mark Allix with the following heading:



"Wearne lifts revenue and market share

Loss of R166m raises questions of it continuing as a going concern"



The second sentence of the heading is wrong. In the report, the correspondent refers to the loss recently announced by Esor Ltd. of R166 million. He erroneously mixed up the two companies in the headline of his report.



Wearne yesterday, 2 June 2014, announced a comprehensive profit of R13.4 million and a headline loss of R16.6 million for the year to February 2014.
02-Jun-2014
(C)
Revenue increased to R463.3 million (R400 million). Gross profit rose to R91.9 million (R84.5 million) and operating profit almost doubled to R14.1 million (R7.2 million). There was a turnaround in net attributable profit to R10.1 million from a loss of R17.7 million previously. The headline loss per share narrowed slightly to 6.07cps (loss of 6.15cps).



Outlook

The group's strategy of focusing on key operational areas and the monitoring of individual business units continues to drive the business's turnaround initiatives. This constant monitoring has seen improvements in almost all of the individual operating units despite high competition, adverse weather conditions and less than anticipated government spend on infrastructure.



The ready mixed concrete division has continued to improve and has performed admirably, given market conditions, showing pleasing growth as the turnover increased by 20%. The industry continues to remain competitive and margins have to be carefully monitored. An intensive sales drive is to be implemented to gain market share, increase volumes sold and improve on gross profit margins. New entrants in the cement industry could also change the operating environment in this business.



The aggregates business improved external turnover by 10% year on year. Margins continued to remain under pressure due to higher energy costs. The aggregates division's outlook remains positive as road and railway projects have materialised and government infrastructure spend together with the improved business climate should ensure the divisions growth.



The Concrete Manufactured Products division benefited from the additional capital expansion resulting in new product lines. The increased competitiveness in the market resulted in a turnover increase of an admirable 44%. A greater demand for concrete pipes and culverts is occurring as increased road building projects materialise.



Together with strategic initiatives, focus on cost reduction, increased sales, investing in employees and improved industry conditions, the Group is confident that it can continue to offer the highest levels of customer satisfaction and grow within the market.
29-May-2014
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the year ended 28 February 2014. It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a headline loss per share of between 6.00 cents and 6.10 cents (headline loss of 6.15 cents per share for year ended 28 February 2013) and basic earnings of between 3.60 cents and 3.75 cents per share (basic loss of 5.61 cents per share for the year ended 28 February 2013).



The increase in earnings per share is mainly attributable to a reversal of impairment loss on the Muldersdrift Quarry.



The company's financial results for the year ended 28 February 2014 are expected to be released on 30 May 2014.
11-Mar-2014
(Official Notice)
Shareholders are advised that:

* Mr Michael Ross CA (SA), the interim Chief Financial Officer has been appointed as the permanent CFO and director with effect from 7 March 2014;

* Mr Mfanyana Salanje, a non-executive director, and Chairman of the Audit Committee has resigned with effect from 10 March 2014 due to ill health.
13-Nov-2013
(C)
Continuing operations revenue increased to R243.9 million (R212.7 million). Gross profit rose to R55.3 million (R52.4 million). Loss for the period narrowed to R1.4 million (loss of R3.6 million). In addition, headline loss per share was also smaller at 0.06cps (loss of 1.28cps).



Outlook

The group continues to focus on key strategic areas and monitor individual business operating units at a management level. With relatively low gross margin levels at certain business units constant monitoring and early management intervention mitigates the risk of losses.



The ready-mixed concrete division showed continuous growth during the financial year and performance is expected to improve further. Market conditions are expected to remain competitive as there is still spare capacity in the cement industry. New entrants in the cement industry could also change the operating environment in this business. A supplier agreement with a cement provider was concluded in the current financial year which resulted in lower cement costs and higher gross profit margins.



The outlook for the aggregate business remains positive as the South African Government's planned infrastructure development starts to materialize. The increased demand for road building material and railway ballast that was seen towards the end of the 2013 financial year is expected to continue. The order book for aggregates indicates that revenue targets set at the beginning of the financial year will be met.



The Concrete Manufactured Products division showed a growth of 6.37% period-on-period. The issuing of very few tenders by the Limpopo Roads Agency still negatively affects the market for concrete pipes and culverts in the Limpopo area. Greater plant efficiencies however resulted in improved profitability on slightly lower revenue. The plant capacity was expanded further with an investment of R700 000 in new product lines. The additional products lines have expanded the product offering and made the business more competitive in the concrete pipe market.
07-Nov-2013
(Official Notice)
Shareholders are advised that Mr Marius Bierman has resigned as Chief Financial Officer (CFO) and director with effect from 31 December 2013. Mr Michael Ross CA(SA), the current group financial manager has been appointed as the interim CFO from 1 January 2014 until such time as a suitable replacement has been found.
22-Oct-2013
(Official Notice)
Shareholders are advised that Wearne is currently in the process of finalising its results for the period ended 31 August 2013. It is anticipated, with a reasonable degree of certainty, that Wearne will reflect headline loss per share of between 0.3 cents and 0.7 cents (headline loss of 1.28 cents per share for the six months ended 31 August 2012) and basic loss of between 0.04 cents and 0.08 cents per share (basic loss of 1.33 cents per share for the six months ended 31 August 2012).



The Company's financial results for the six months ended 31 August 2013 are expected to be released by mid November 2013.
02-Oct-2013
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held today, all the resolutions as set out in the notice of the annual general meeting were passed with the requisite majority.



06-Sep-2013
(Official Notice)
Shareholders are advised that the summarised annual financial statements were posted to shareholders on 5 September 2013 and contain no changes to the Reviewed Provisional Financial Statements for the year ended 28 February 2013, that was released on SENS on 4 June 2013. The complete Integrated Annual Report was published on the Company's website www.wearne.co.za.



AGM notice

Notice is given that the annual general meeting of shareholders will be held at 10:00 on Wednesday, 2 October 2013 in the boardroom of the company at Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta. The last date to submit forms of proxies is 27 September 2013.
10-Jun-2013
(Official Notice)
The JSE advised that the auditors report of Wearne's Reviewed Provisional Financial Results for the year ended 28 February 2013 contains a modification. Shareholders are advised to refer to the provisional results to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE trading system will continue to reflect an "E" annotation to indicate the modification.
04-Jun-2013
(C)
31-May-2013
(Official Notice)
Shareholders were advised that Wearne is currently in the process of finalising its results for the year ended 28 February 2013. It is anticipated, with a reasonable degree of certainty, that Wearne will reflect headline loss per share of between 5.5 cents and 6.5 cents (headline loss of 19.88 cents per share for the year ended 29 February 2012) and basic loss of between 6.0 cents and 7.0 cents per share (basic loss of 22.86 cents per share for the year ended 29 February 2012).



The company's financial results for the year ended 28 February 2013 are expected to be released by early June 2013.
18-Mar-2013
(Official Notice)
Shareholders are advised that caution is no longer required to be exercised by shareholders when dealing in Wearne securities.
18-Mar-2013
(Official Notice)
Shareholders are referred to the announcement dated 1 March 2013 ("the announcement"), where it was announced that Wearne entered into a Sale of Shares Agreement to sell its 50% interest in Wearne D-B, for R4.7 million ("the disposal"). The effective date of the disposal was 28 February 2013 and not 1 March 2013 as stated into the announcement. Below are the financial effects of the disposal.



Unaudited pro forma financial effects

Before - after the disposal

* Earnings per share (cents): -1.33 - -2.29

* Headline earnings per share (cents): -1.28 - -1.52

* Net asset value per share (cents): 17.82 - 17.10.
01-Mar-2013
(Official Notice)
Shareholders are advised to exercise caution in dealing in the company?s securities on the JSE until such time as the financial effects of the disposal are published.
01-Mar-2013
(Official Notice)
Shareholders are advised that on 28 February 2013, Wearne entered into a Sale of Shares Agreement with Mr AC van Heerden ("the purchaser") to sell its 50% interest in Wearne D-B, a Joint Venture between Wearne and the purchaser, for R4.7 million ("the disposal"), subject to a condition precedent. Mr AC van Heerden is a board member of Wearne D-B. The JSE has ruled that the disposal is not a related party transaction as Wearne D-B is a Joint Venture.



Details of the disposal

* Wearne agreed to sell its 50% interest in Wearne D-B for R4.7 million, subject to a condition precedent, with effect from 1 March 2013.

* The purchase price will be used by Wearne to settle its amount owing with Wearne D-B.

* The purchaser has entered into a restraint of trade with Wearne for a twelve month period.

* SJ Wearne and JJ Bierman have resigned as directors of Wearne D-B with effect from 28 February 2013.

* The purchaser will change the name of Wearne D-B.



Conditions precedent

The disposal is subject to the fulfilment by no later than 31 March 2013, of the condition that the purchaser procures the release of Wearne from all the suretyships provided by Wearne for the obligations of Wearne D-B to the banks and third parties.



Shareholders will be notified once the disposal is unconditional.





07-Nov-2012
(Media Comment)
Business Report highlighted an improved performance by WG Wearne's ready-mixed concrete division, increased efficiencies and reduced overhead costs, enabled the financially troubled group to reduce its earnings loss in the six months to August. The group's board is currently reviewing its investment in the precast business because it is a non-core activity. Samuel Wearne said the prospects for the group continued to improve on a monthly basis, but the general market conditions remained challenging.
06-Nov-2012
(C)
23-Oct-2012
(Official Notice)
Wearne is currently finalising its interim results for the six months ended 31 August 2012 and shareholders were advised that the directors expect a loss per share and headline loss per share of between 1.20 and 1.50 and 1.20 cents and 1.50 cents per share respectively compared to a loss per share of 11.93 cents and a headline loss per share of 9.03 cents for the six months ended 31 August 2011.



The company's financial results for the six months ended 31 August 2012 are expected to be released by the end of October 2012.
20-Sep-2012
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held yesterday, all the resolutions as set out in the notice of the annual general meeting were passed with the requisite majority.
07-Sep-2012
(Official Notice)
Shareholders were advised of the appointment of Mr Matsobane Carl Khwinana (48) as a non-executive director to the board of directors of Wearne on 5 September 2012.
15-Aug-2012
(Official Notice)
Shareholders are advised that the annual financial statements of Wearne were distributed on Monday, 13 August 2012, and contain no modifications to the audited results published on SENS on 22 June 2012.



Notice of AGM

Notice is given that the 2012 annual general meeting of shareholders will be held at 10:00 on Wednesday, 19 September 2012 at the company's registered offices, Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta.
27-Jul-2012
(Official Notice)
Wearne announced the untimely death of Clara Ramushu, a non-executive director of Wearne.
28-Jun-2012
(Official Notice)
The JSE advised that the audit opinion on Wearne's audited provisional results for the year ended 29 February 2012 contains an "emphasis of matter" audit opinion. Shareholders are advised to refer to the provisional results to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modified opinion.
22-Jun-2012
(C)
21-Jun-2012
(Official Notice)
Shareholders were referred to the SENS announcements dated 29 May 2012, 31 May 2012 and 15 June 2012. As envisaged in the SENS announcement of 31 May 2012, property, plant and equipment have now been revalued resulting in a reduction in the loss per share compared to the expected results on which the trading statement of 29 May 2012 was based. Consequently the directors now expect an improvement in the results for the year ended 29 February 2012 compared to the trading statement of 29 May 2012.



The directors now expect a headline loss per share of between 18.5 cents and 20.0 cents (2011: headline loss per share of 21.12 cents) and a loss per share of between 21.0 and 23.5 cents per share (2011:loss per share of 60.28 cents) for the year ended 29 February 2012.



The financial information on which this trading statement is based has not been reviewed by Wearne's auditors.



The company's financial results for the year ended 29 February 2012 are expected to be released by 22 June 2012.
18-Jun-2012
(Official Notice)
The JSE advised that Wearne has failed to submit provisional reports within the three- month period stipulated in the JSE's Listings Requirements. Accordingly, the company's listings on the JSE TRADELECT system have been annotated with an "RE" to indicate that the companies have failed to submit their provisional reports timeously and that the listings of the company's securities are under threat of suspension and possible termination. Should the companies still fail to submit their provisional reports by 29 June 2012 their listings will be suspended. This announcement has been placed by the JSE in the interest of shareholders.
15-Jun-2012
(Official Notice)
Shareholders are referred to the update on the trading statement dated 31 May 2012. The company is re-assessing the valuation of certain property, plant and equipment which is expected to have an impact on the results, consequently the results have been delayed. The company now expects the results to be released on or before 22 June 2012.
31-May-2012
(Official Notice)
The trading statement dated 29 May 2012 refers. The financial results for the year ended 29 February 2012 were reviewed at an audit committee meeting held on Wednesday 30 May 2012. The committee recommended the re-assessment of property, plant and equipment valuations and the incorporation of changes into the results prior to the release of the results to the public. The company expects the results to be released on or before 15 June 2012.
29-May-2012
(Official Notice)
Wearne is currently finalising its annual results for the year ended 29 February 2012 and shareholders are advised that the directors expect a headline loss per share and loss per share of between 21.5 cents and 24 cents and 22 and 24.5 cents per share respectively compared to a headline loss per share of 21.12 cents and a loss per share of 60.28 cents for the year ended 28 February 2011. The company's financial results for the year ended 29 February 2012 are expected to be released by the end of May 2012.
25-May-2012
(Official Notice)
Shareholders were advised that Exchange Sponsors (2008) (Pty) Ltd. have been appointed as the company's designated adviser with effect from date hereof following the mutual agreement between the company and Vunani Corporate Finance to terminate the designated adviser services provided by Vunani Corporate Finance.
01-Mar-2012
(Official Notice)
Following a meeting of the board of directors of Wearne on 29 February 2012, the board announced the following changes to its composition as required in terms of section 3.59 of the JSE Listings Requirements:

*Mr John Wearne (currently the executive chairman) will assume the role of CEO.

*Mr Mitesh Patel, the lead independent non-executive director and currently the chairman of the audit committee, will assume the role of chairman of the board and Mr Mfanyana Salanje, currently a non-executive director, is appointed as chairman of the audit Committee.

*Mr Wessel van der Merwe is appointed to the remuneration committee and to the social and ethics committee. Other members appointed to the social and ethics committee is Mr John Wearne (CEO) and Mr Marius Bierman (CFO).

06-Dec-2011
(Official Notice)
Wearne announce the appointment of Mr. Marius Bierman, (42) CA (SA), as the company's executive financial director with effect from 5 December 2011. Mr Bierman completed his articles at the now-named PriceWaterhouseCoopers Inc and has been employed since then in various financial roles by a number of listed companies.

30-Nov-2011
(C)
Revenue declined to R176 million (R227.2 million) and gross profit dropped to R63.4 million (R94.1 million). Earnings before interest, tax, depreciation and amortisation ("EBITDA") fell to R11.9 million (R32.3 million), while loss for the period widened to R24.7 million (loss of R2.9 million). Headline loss per share grew to 8.99cps (loss of1.07cps).



Dividend

No dividend has been declared.



Prospects

Over and above the asset realisation program, resources have been deployed in the enhancement of systems and processes. These include, among others, the following: The implementation of ISO 9001 accredited procedures with regards to the supply of aggregate and ready mix products; the establishment of an effective human resources function; and the implementation of procedures focused on generating operational efficiencies. The realisation of these processes will enable the Group to provide quality services to customers through the provision of quality products and an on time service. In addition, the Group has entered into a number of strategic alliances which the directors expect will enable it to gain market share and as a result grow sales. Lastly, the Group is considering additional cost projects that will create additional positive contributions to the bottom line. With effect from 01 October 2011 the Group sold its 50% interest in its bricks manufacturing division. The sale was concluded after the reporting date. However the Group was in negotiations with the buyers with the intention of selling at the end of the reporting period, therefore the business was classified as a non- current asset held for sale in terms of IFRS 5: Non-current Assets Held for Sale and Discontinued Operations. In line with this standard, the Group has accordingly restated comparable numbers for the prior periods.
28-Nov-2011
(Official Notice)
Wearne is currently finalising its results for the six months ended 31 August 2011 and shareholders are advised that the directors expect a loss per share of between 10.3 and 12.4 cents and a headline loss per share of between 9.0 cents and 10.8 cents, compared to a loss per share and headline loss per share of 1.34 and 1.07 cents, respectively, reported for the six months ended 31 August 2010. The company's results for the six months ended 31 August 2011 are expected to be released before the end of November 2011.
24-Oct-2011
(Official Notice)
Shareholders were advised that, at the annual general meeting held on 20 October 2011, all the resolutions as set out in the notice of annual general meeting were duly passed by the requisite majority votes.



Grant Thornton have been appointed as the company's auditors with effect from 21 October 2011 following the resignation of RSM Betty - Dickson as the company's auditors.



At a board meeting following the annual general meeting, the board resolved to appoint Mitesh Patel as the lead independent director with effect from 20 October 2011. Mitesh remains chairman of the audit committee.
31-Aug-2011
(Official Notice)
Shareholders were advised that the annual report for the year ended 28 February 2011 was dispatched to shareholders on 31 August 2011 and contains modifications to the reviewed condensed results for that year, which were released on SENS on 31 May 2011.



Notice of AGM

Notice was given that the annual general meeting of shareholders of the company will be held on Thursday, 20 October 2011 at the company's offices, Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta, Randburg, in order to transact the business as stated in the notice of annual general meeting forming part of the annual report.
23-Aug-2011
(Official Notice)
Shareholders were advised that, Mr Alan Bruens, the financial director of the company has resigned with effect from 22 August 2011. Mr Rob Devereux, (B Acc (Hons)), the current CEO of the company will caretake this role, with the assistance of the company's financial department, which is headed by Christopher Commin, CA(SA), until a new financial director is appointed.
22-Aug-2011
(Official Notice)
Shareholders were advised that, in terms of a general authority to issue ordinary shares for cash granted to the directors at the annual general meeting held on 11 October 2010, and shareholders' approval obtained at a general meeting held on 17 August 2011, Wearne will issue 82 917 964 ordinary shares for cash at an issue price of 14 cents each, as follows:

* 41 458 982 shares to the Industrial Development Corporation of South Africa Ltd

* 41 458 982 shares to Richtrau No 329 (Pty) Ltd. The WG Workers Trust owns the entire issued share capital of this company. The issue price of 14 cents per share is based on the 30 day weighted average traded price of the securities as at 19 August 2011, (the date as calculated per the agreement between the parties), at no discount, to public shareholders ("the cash issue").



Financial effects of the cash issue

Before - after:

* Basic loss per share: (60.3) - (45.1)

* Headline loss per share: (21.1) - (15.8)

* Net asset value per share: 24.9 - 22.2

* Shares in issue at end of period ('000): 246 715 - 329 633.
19-Aug-2011
(Official Notice)
Shareholders were advised that, as a nominee appointed by the Industrial Development Corporation of South Africa Ltd ("IDC") in terms of an agreement between the IDC and the company, Ms Clara Ramushu was appointed to the company's board on 17 August 2011 as a non-executive director.
07-Jul-2011
(Official Notice)
Shareholders are referred to the announcement, dated 26 May 2011, and are advised to continue to exercise caution when dealing in the company's securities until a further announcement relating to the proposed share issue is made.
01-Jun-2011
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advise that the auditor's reviewed report on WG Wearne's provisional results for the year ended 28 February 2011 contains a modification. Shareholders are advised to refer to the provisional results to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modification. This announcement has been placed by the JSE in the interest of shareholders.
31-May-2011
(C)
Revenue for the year ended 28 February 2011 fell to R384.5 million (2010: R534.9 million). Gross profit decreased to R119.6 million (2010: R192.5 million), while earnings before depreciation, amortisation, impairments, hedging, interest and taxation weakened to R10.4 million (2010: R65.5 million), and the loss attributable to owners of the company widened to R148.5 million (2010: loss of R49.4 million). Furthermore, headline loss per share grew to 21.09cps (2010: loss of 15.52cps).



Dividend

In line with past practice, no dividend has been declared for the year.



Prospects

Although the economy is experiencing a gradual recovery, conditions in the building and construction industry are expected to remain under pressure for the rest of 2011, with stronger improvement only anticipated in 2012. The group restructure and turnaround initiatives that have been implemented are expected to result in more focus on the core businesses of the group and entrench greater cost and operational efficiencies. Wearne has seen a pleasing increase in demand for on-site crushing and has secured a number of new contracts around the country. New contracts in ready- mix and cast concrete products have also been secured. Capital expenditure has been significantly curtailed in line with increased focus on financial discipline and accountability. A comprehensive repairs and maintenance programme has however been authorised and initiated in order to ensure that all plants meet the required operating and safety standards and are well placed to take advantage of any new projects.
30-May-2011
(Official Notice)
Shareholders are advised that Messrs H Scholtz and B Mkhonto, both non- executive directors, resigned from the board effective 26 May 2011.
27-May-2011
(Official Notice)
At a meeting of the Wearne audit committee on 26 May 2011 a decision was taken to increase the impairments on property, plant and equipment in order to better reflect their fair value. This has resulted in an increase in the expected loss per share as reported in the trading statement issued on 17 May 2011.



Shareholders are advised that the directors now expect a loss per share of between 58 cents and 62 cents and an unchanged headline loss per share of between 20 cents and 23 cents for the financial year ended 28 February 2011, compared to the loss per share and headline loss per share of 26.74 and 15.52 cents respectively, reported for the year ended 28 February 2010. The company's results for the year ended 28 February 2011 are expected to be released on SENS before the end of May 2011.
26-May-2011
(Official Notice)
Shareholders are referred to the announcement, dated 8 April 2011, and are advised to continue to exercise caution when dealing in the company's securities until a further announcement relating to the proposed share issue is made.
19-May-2011
(Official Notice)
Wearne is currently finalising its results for the year ended 28 February 2011 and shareholders were advised that the directors expect a loss per share of between 44 cents and 49 cents and a headline loss per share of between 20 cents and 23 cents, compared to the loss per share and headline loss per share of 26.74 and 15.52 cents respectively, reported for the year ended 28 February 2010. The company's results for the year ended 28 February 2011 are expected to be released on SENS before the end of May 2011.
15-Apr-2011
(Official Notice)
The board of directors of Wearne is pleased to announce the appointment of Mr Rob Devereux as the company's CEO with effect from 13 April 2011.
08-Apr-2011
(Official Notice)
Further to the announcement, dated 21 February 2011, relating to the disposal of Portland Holdings (Pty) Ltd ("the Portland disposal"), Wearne advised as follows:

* The Portland disposal constituted a related party transaction in terms of which, inter alia, Wearne disposed of Portland Holdings (Pty) Ltd in exchange for the return of 56 616 370 Wearne shares owned by the purchasers ("the repurchased shares").

* The Securities Regulation Panel ("SRP") has granted a dispensation to the Wearne Family in respect of any obligation by them to make a mandatory offer.

* The special resolution relating to the repurchased shares has been registered by CIPRO.

* The relevant application has been submitted to the JSE Ltd ("JSE") relating to the cancellation of the repurchased shares. It is expected that 56 616 370 Wearne shares will be delisted from the JSE on or about Thursday, 14 April 2011.



Creditors' schemes of arrangement

Further to the announcement, dated 2 March 2011, shareholders were advised that the schemes of arrangement between Wearne and its secured and concurrent creditors and Wearne Aggregates (Pty) Ltd and its secured and concurrent creditors were duly sanctioned by the South Gauteng High Court, Johannesburg on 15 March 2011 and the court order was registered by CIPRO.



Funding from the IDC

Further to the announcement, dated 22 February 2011, shareholders were advised that subject to the fulfilment of the remaining conditions precedent, the IDC have approved a funding package amounting to a total of R85,2 million. The funds will be introduced into the company through a combination of debt and equity. The equity stake will comprise a direct investment of 15% and an indirect investment of an additional 15% through a workers trust resulting in a total combined investment of 30% of the issued share capital of the company. The balance of the funding will be made up of various debt instruments. Further details of the shares to be issued ("share issue") will be announced in due course.



Further cautionary announcement

Shareholders were advised to continue to exercise caution when dealing in their Wearne shares until such time as details of the share issue have been announced.
02-Mar-2011
(Official Notice)
Wearne ("Holdings") announces that scheme meetings were held on 1 March 2011 at 14:00 ("the meetings") in respect of schemes of arrangement proposed by each of Holdings ("the Holdings scheme") and its wholly owned subsidiaries Wearne Ready Mixed Concrete (Pty) Limited ("Ready Mix"), Wearne Aggregates (Pty) Limited ("Aggregates") and Wearne Precast (Pty) Limited ("Precast") (jointly "the Wearne companies") between each of the Wearne companies and their secured and concurrent creditors (respectively the "Ready Mix scheme" the "Aggregates scheme" and the "Precast scheme").



It is a condition precedent in each of the proposed schemes that all four schemes be approved by the requisite majorities of creditors in both the concurrent and secured classes, in order to obtain sanction of all four proposed schemes. These conditions precedent have been inserted for the sole benefit of, and may be waived in the discretion of, each of the Wearne companies. At the meetings the requisite majority of votes in both the concurrent and secured classes of creditors were achieved in respect of the Holdings scheme and the Aggregates scheme but not in respect of the Ready Mix scheme and the Precast scheme. Holdings and Aggregates have elected, as they are entitled to do, to waive fulfilment of the condition precedent aforesaid, in order that application may be made to the South Gauteng High Court, Johannesburg on 15 March 2011 for sanctioning of the Holdings scheme and the Aggregates scheme.



The Directors are confident that the group will continue to conduct business normally and pay all its legitimate creditors in full, on due date as and when payment falls due, even though the Precast scheme and Ready Mix scheme will no longer proceed. This view is based on the assurances of continued support that the group has received from its major stakeholders.
22-Feb-2011
(Official Notice)
Shareholders are referred to the announcement, dated 16 February 2011, and are advised that agreement in principle has been reached between the company and the IDC in terms of which the IDC will provide Wearne with total funding of R65.2 million to be drawn down before 31 December 2014. This funding, which may be in the form of an equity subscription and/or a mezzanine loan is subject to certain conditions precedent, inter alia:

* successful execution of the Section 311 Scheme of Arrangement with creditors as set out in the announcement, dated 15 February 2011;

* successful conclusion of the Portland disposal as approved by the shareholders as reported in the announcement, dated 21 February 2011;

* any relevant regulatory and administrative approvals.

Shareholders are advised to continue to exercise caution when dealing in their Wearne shares until further details of the funding are announced.
21-Feb-2011
(Official Notice)
Further to the announcements, dated 15 October 2010, 26 November 2010 and 28 January 2011 and the circular to shareholders, dated 28 January 2011, relating to the disposal of Portland Holdings (Pty) Ltd ("the Portland disposal"), Wearne advises as follows:

*At the general meeting of shareholders held on 21 February 2011, the relevant resolutions relating to the Portland disposal and the repurchase of the company's shares were passed by the requisite majority.

*The resolution to waive, as provided for in Rule 8.7 of the Securities Regulation Code on Takeovers and Mergers ("the Code") and the Rules of the Securities Regulation Panel ("SRP"), any obligation by the Wearne family to make a mandatory offer in terms of the Code, was duly approved by the requisite majority. No objections to the waiver having been lodged with either the company or the SRP, the SRP has been requested to grant a dispensation to the Wearne family in respect of any obligation by them to make a mandatory offer in terms of Rule 8.7 of the Code.

*The special resolution relating to the repurchased shares will be lodged with CIPRO for registration as soon as possible.

*The Portland disposal constitutes a related party transaction in terms of which Wearne disposed of Portland Holdings (Pty) Ltd in exchange for the return of 56 616 370 Wearne shares owned by the purchasers ("the repurchased shares"), who are shareholders and directors of Wearne.

*The repurchased shares will be cancelled, and once the special resolution has been registered, the relevant application will be submitted to the JSE Ltd for the delisting thereof.
18-Feb-2011
(Official Notice)
The board of directors of Wearne is announced the appointment of Mr. Gerald Salanje as an independent non-executive director with effect from 17 February 2011. Mr. Salanje has also been appointed a member of the audit committee. Mr. Salanje is a chartered accountant who completed his articles at Price Waterhouse Coopers. He is currently an independent financial consultant.
16-Feb-2011
(Official Notice)
Shareholders were advised that Wearne has entered into negotiations which, if successfully concluded, may have an effect on the price of its securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
15-Feb-2011
(Official Notice)
Shareholders were referred to the announcement, dated 30 November 2010, and are advised that Wearne has applied to the High Court of the Republic of South Africa ("Court") to convene a meeting of its secured and concurrent creditors in terms of the provisions of Section 311 of the Companies Act 1973 (Act 61 of 1973) as amended, for the purposes of considering and, if deemed appropriate, accepting a scheme of arrangement between itself and those classes of creditors ("the scheme"). The group requires a moratorium on the repayment of all existing debt in respect of:

*its concurrent creditors for a period of approximately eight months from 1 January 2011 to 31 August 2011; and

*in respect of its secured creditors for a period of approximately 24 months from 1 February 2011 to 31 January 2013.



In terms of the moratorium, repayment of all concurrent creditors in respect of all amounts owing to them by the company prior to 1 January 2011, will be in 20 equal monthly instalments, amounting to 5% of the face value of the Arrangement Claims plus interest at 3% per annum, commencing on 5 September 2011. A scheme meeting of the abovementioned creditors has been summoned by the Court for 1 March 2011 ("meeting"). Subject to the scheme being approved by the creditors at the meeting, application will be made to the Court for the sanctioning of the scheme at an open hearing.



The following timetable applies to the scheme:

*Application to convene the scheme meeting granted by Court on 8 February 2011

*Notice of scheme meeting published in the press on 13 February 2011

*Circular relating to the scheme posted to creditors on 15 February 2011 Last day to lodge form of proxy for the scheme meeting by 09h30 on 1 March 2011

*Forms of proxy may be handed to the chairperson of the scheme meeting up to 10 minutes before the commencement of the scheme meeting to be held on 1 March 2011

*Scheme meeting held at 14h00 on 1 March 2011 on at Nedbank Ltd, 135 Rivonia Road, Sandton

*Chairperson's report on scheme meeting available for inspection from 3 March 2011

*Court hearing at 10h00 or as soon thereafter as Counsel may be heard to sanction the scheme on 15 March 2011

*Results of Court hearing published in the press on 20 March 2011

*Order of Court sanctioning the scheme registered by the Registrar on or about 17 March 2011

*Operative date of the scheme, from the commencement of business on 22 March 2011.
28-Jan-2011
(Official Notice)
17 Dec 2010 15:21:44
(Official Notice)
Shareholders are advised that Mr. E Moloi resigned as a non-executive director of the company with effect from 8 December 2010 As previously advised, the board is considering its composition, and a further announcement in this regard will be made in due course.
30 Nov 2010 16:32:27
(Official Notice)
As referred to in the commentary to the results for the period ended 31 August 2010, the group is still under considerable strain to fund its working capital requirements, mainly due to the slowdown in construction in general and residential construction in particular. The directors continue to examine all areas of the business in an effort to streamline processes, reduce costs and improve turnover. Wearne has appointed turnaround specialists to assist management in this regard and this process has already borne some fruit.



Wearne's bankers and financiers have continued to support the group, having re- scheduled instalments on asset based debt finance and by granting a further payment moratorium for December 2010 and January 2011. The directors are of the view that Wearne can overcome its financial difficulties, provided it can obtain a further moratorium in respect of the servicing of its debts to its funders and its creditors for a certain period. Wearne is therefore considering an application in terms of Section 311 of the Companies Act, 1973 to convene a scheme meeting of its creditors in order to obtain a formal and enforceable arrangement binding on all its creditors against all the company's creditors. Wearne will, at this scheme meeting, formally propose a plan as to the basis for the moratorium sought and how it intends to trade out of its financial difficulties.
26 Nov 2010 16:15:32
(Official Notice)
Shareholders are referred to the announcement, dated 15 October 2010, relating to the following disposals by Wearne in terms of:

* a sale of shares agreement with Anco Besigheids Trust ("Anco"), Willchrest Besigheids Trust and Portland Readymix Trust (collectively "the vendors") in terms of which 56 616 370 ordinary shares ("sale shares") in the company held by the vendors will be returned to the company in exchange for the entire issued share capital in Portland Holdings (Pty) Ltd ("Portland"); and

* a sale of business enterprise agreement regarding the sale of the business enterprise comprising Portion 8 of the Farm Hoogekraal No 1098, District of Bellville, Cape Town ("the property") together with lease agreements with Portland Hollowcore Slabs (Pty) Ltd and Portland Readymix (Pty) Ltd regarding tenancy of portions of the property, to Scholgard (Pty) Ltd ("Scholgard") for R30 million.



The transactions as contemplated in the abovementioned agreements are indivisibly linked and are referred to as "the transaction" and the sale of shares agreement and the sale of business enterprise agreement are referred to as "the agreements".



Pro forma financial effects

Before - after:

* LPS (cents) : 1.3 - 27.3 ;

* HLPS (cents) : 1.1 - 2.6 ;

* NAVPS (cents) : 83.3 - 73.4 ;

* Shares in issue at period end : 250 092 - 193 475 ;

* Weighted average number of shares in issue : 249 852 - 193 236 ;



Suspensive condition extension

The suspensive condition relating to Scholgard obtaining a loan on security of a first mortgage bond over the property from a financial institution in the amount of R30 million, together with a further loan of R3 million as working capital, has been extended to 8 December 2010.



Withdrawal of cautionary

Pursuant to the release of the financial effects of the transaction, the cautionary announcement is hereby withdrawn.
17 Nov 2010 08:24:18
(Official Notice)
Shareholders are advised that Mr John Wearne has decided to resign as chief executive officer of the company with effect from 17 November 2010. He will remain on the board as a non-executive director. The financial director, Mr Alan Bruens, will assume the responsibilities of acting chief executive officer for the time being.
26 Oct 2010 11:40:59
(Official Notice)
Shareholders are advised that Mr. JC (Chris) Wearne resigned as an executive director of the company with effect from 25 October 2010. Chris Wearne (executive director) decided to resign from the board in view of the King III recommendation for the board to have a majority of independent non- executive directors. Chris will however continue to serve on the executive management committee (EXCO) of the company. The board will shortly be considering its composition, and a further announcement in this regard will be made in due course.
15 Oct 2010 11:09:54
(Official Notice)
11 Oct 2010 12:58:57
(C)
Revenue declined to R266 million (August 2009: R294 million), while EBITDA increased to R35.4million (August 2009: R34.9 million). A net attributable loss of R3.4 million (August 2009: Loss of R13 million) was recorded and a headline loss per share of 1.07cps (August 2009: Headline loss per share of 7.22cps).



Dividend

No dividend has been declared for the period under review.



Prospects

The board believes that while the worst of the downturn may be over we will continue to experience tough trading conditions through to the second half of 2011. The full impact of our cost base initiatives should only be felt in the 2011 financial year, however, revenue initiatives will take longer to manifest. The group's order book is currently growing but due to the short term nature of the contracts it is very difficult to predict for any period longer than six months. Management's view is that margins will still be under pressure for the foreseeable future. The directors have identified assets that are under-utilised as a consequence of decreased activity and these assets will be sold over the next three months. The cash will be utilized to settle any associated debts and to improve the working capital position of the group.

11 Oct 2010 12:29:29
(Official Notice)
Shareholders are advised that, at the annual general meeting held, all the resolutions as set out in the notice of annual general meeting contained in the company's 2010 annual financial statements, were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares as and if appropriate will be sent to CIPRO for registration.
01 Oct 2010 15:11:57
(Official Notice)
Wearne advised that Mr Ockert Jacobus le Roux has resigned as the company secretary with effect from 30 September 2010. The board advised that Ithemba Governance and Statutory Solutions (Pty) Ltd ("Ithemba") has been appointed as company secretary with effect from 1 October 2010.
30 Sep 2010 11:27:23
(Official Notice)
Shareholders are advised that Wearne has entered into negotiations which, if successfully concluded, may have an effect on the price of its securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
23 Sep 2010 14:20:02
(Official Notice)
Wearne is currently finalising its results for the six months ended 31 August 2010 and shareholders are advised that the directors expect a loss per share and headline loss per share of between 0.85 cents and 2.20 cents, compared to a loss per share and headline loss per share of 7.10 and 7.22 cents reported for the six months ended 31 August 2009. The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 31 August 2010 are expected to be released on SENS during the week ending 22 October 2010.

03 Sep 2010 09:16:23
(Official Notice)
The JSE advised that the audit opinion on the above company's annual report for the year ended 28 February 2010 contains an "emphasis of matter" audit opinion. Shareholders are advised to refer to the annual report to ascertain the exact nature of the modification. Shareholders are also advised to refer to the detailed announcement issued by the company on 16 February 2010. Accordingly, the company's listing on the JSE Tradelect system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modified opinion.
31 Aug 2010 16:32:25
(Official Notice)
Shareholders were advised that the annual report for the year ended 28 February 2010 was dispatched to shareholders on 31 August 2010 and contains no material modifications to the reviewed results for that year, which were published on SENS on 31 May 2010. The annual report was made available on the company's website: www.wearne.co.za. Notice was given that the annual general meeting of shareholders of the company will be held on Monday, 11 October 2010 at 11h00 at the company's offices, Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta, Randburg, to transact the business as stated in the notice of annual general meeting forming part of the annual report.
31 May 2010 16:04:08
(C)
Revenue for the final period decreased to R534 354 million (2009: R599 128 million), while gross profit also fell to R186 819 million (2009: R205 922 million). Total comprehensive loss for the period increased to R49 424 million (2009: R18 315 million). Headline loss per share was also higher at 15.52cps (2009: 11.25cps).



Dividend

No dividend was declared.



Prospects

Although the group's operating results for the year were poor, the directors believe that the worst of the downturn is now over. In the past year, the group has addressed its exposure to the sluggish residential construction market by reducing the size of the transport fleet in the ready mix concrete division by nearly forty percent. The business is now close to being right sized for the reduced turnover levels currently being experienced. The group's aggregates operations have performed well during the year and this should continue as government expenditure on roads and infrastructure is set to continue. The cast concrete products division has performed well year on year. This was a start-up division last year and has been steadily gaining market share. The directors believe that the group's greater focus on roads and infrastructure combined with the cost savings resulting from the restructuring embarked upon, will see the group's results improve in the 2011 financial year.
18 May 2010 09:14:25
(Official Notice)
17 May 2010 15:01:44
(Official Notice)
Wearne is currently finalising its results for the year ended 28 February 2010 and shareholders are advised that the directors expect a loss per share of between 17 cents and 19 cents and headline loss per share of between 23 cents and 25 cents, compared to the restated loss per share and headline loss per share of 11.19 and 11.25 cents respectively, reported for the year ended 28 February 2009.The company's results for the year ended 28 February 2010 are expected to be released on SENS during the week ending 28 May 2010.
16 Feb 2010 10:19:49
(Official Notice)
Shareholders are advised that the company has become aware of a calculation error that occurred in accounting for the business combination relating to the acquisition of the Portland Group of companies effective 1 September 2008. The error is regarded as a fundamental error in terms of the accounting standards. The company advised shareholders of the impact on the previously reported group annual financial statements for the financial year ended 28 February 2009.



The adjustments affect the group statement of comprehensive income, group statement of financial position and the group statement of changes in equity. Although earnings per share, diluted earnings per share and net asset value per share are affected by the adjustments, headline earnings per share, diluted headline earnings per share and net tangible asset value per share are not.
01 Feb 2010 12:35:51
(Official Notice)
Wearne announced the results of the rights offer of up to 77 263 879 new ordinary shares in the ratio of 42 new ordinary shares for every 100 ordinary shares held on the record date at a subscription price of R0.40 per new ordinary share. In terms of the rights offer:

* shareholders and their renouncees applied for 6 513 545 new ordinary shares

* excess applications for 1 616 457 new ordinary shares were received which were fully allocated

* 57 500 000 new ordinary shares were taken up by the subscribers in terms of the subscription agreement, resulting in the issued share capital of the company increasing by 65 630 002 ordinary shares to 249 591 619 ordinary shares.

The safe custody accounts of dematerialised shareholders have been credited with the new Wearne shares.
18 Dec 2009 13:10:23
(Official Notice)
23 Nov 2009 16:43:28
(Official Notice)
13 Nov 2009 15:14:11
(Official Notice)
Revenue declined to R292 million (R297.1 million) and EBITDA decreased to R42.4 million (R44.5 million). Operating profit declined to R14.9 million (R24.5 million). A net attributable loss of R3.9 million (profit of R5.3 million) was recorded and a headline loss of 7.22cps (profit of 3.8cps).



Outlook

The 500 basis point decrease in interest rates since June 2008 will significantly reduce the group's interest bill as well as stimulate the demand for new builds in the residential sector. Some positive signs have already started to come through and indications are that this market will start to improve by July next year. Government's infrastructure spend is still ongoing, although certain projects have been delayed due to funding constraints. The group's current focus is to increase its exposure to this side of the construction market. Spending on RDP housing has been delayed but the prospects for next year looks a lot better with the appointment of the new Minister of Human Settlements.



The group's order book is currently growing but due to the short term nature of the contracts it is very difficult to predict for any period longer than six months. The view of the directors is that margins will still be under pressure until the middle of 2010 when it is anticipated that the commercial and residential market will start to recover.
29 Oct 2009 16:54:53
(Official Notice)
Wearne shareholders are advised that the directors expect a loss per share and headline loss per share of between 6.8 cents and 7.5 cents, compared to earnings per share and headline earnings per share of 3.6 and 3.8 cents, respectively, reported for the six months ended 31 August 2008.



The reduction in earnings is mainly as a result of:

*continued weak trading conditions experienced in the first half of the year with particular reference to the slow-down in the residential building market;

*the impact of a fuel hedge taken out in November 2008 and ending in November 2009.

*the cost of debt and the depreciation associated with the acquisition of the Portland Group in September 2008 - the expected profit contribution to the group results did not materialise and the performance has been disappointing as a result of the severe decrease in new work in the Western Cape.



Wearne directors have mapped out and begun to implement a complete restructure of the group in order to save costs. The restructure is expected to be completed by the end of February 2010 and so the full impact of the cost cuts on earnings will only be evident in the financial year ended February 2011.



The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 31 August 2009 are expected to be released on SENS during the week ending 13 November 2009.
16 Sep 2009 12:35:02
(Official Notice)
The directors of the company advise that, at the AGM of shareholders held today, all the resolutions as set out in the notice of AGM contained in the company's 2009 AFS, were duly passed by the requisite majority votes. The special resolution granting a general authority to the directors to repurchase the company's shares will be sent to CIPRO for registration.
16 Sep 2009 11:43:23
(Official Notice)
Shareholders are referred to the announcement, dated 16 February 2009, wherein it was advised that Mr Owen Harvey, the financial director of the company, would not stand for re-election at the annual general meeting as he had decided to retire. Shareholders are advised that Mr Harvey's resignation is consequently effective from 16 September 2009.
03 Sep 2009 13:05:22
(Official Notice)
Shareholders are advised that the proxy form incorporated in the annual report for the 2009 financial year did not include the ordinary resolution dealing with the confirmation of the appointment of Messrs N Heyns, HWP Scholtz and MM Patel during the course of that year. Accordingly, a revised proxy form in respect of the annual general meeting to be held on Wednesday, 16 September 2009 at 11h00 at the company's offices, Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta, Randburg will be sent to all shareholders together with a copy of this announcement. The revised proxy form is also available on the company's website: www.wearne.co.za.
26 Aug 2009 14:52:58
(Official Notice)
Shareholders are advised that the annual report for the year ended 28 February 2009 was dispatched to shareholders on 25 August 2009 and contains no material modifications to the reviewed results for that year, which were published on SENS on 28 May 2009.



The annual report is available on the company's website: www.wearne.co.za. Notice is hereby given that the annual general meeting of shareholders of the company will be held on Wednesday, 16 September 2009 at 11h00 at the company?s offices, Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta, Randburg, to transact the business as stated in the notice of annual general meeting forming part of the annual report.
28 May 2009 10:07:07
(C)
25 May 2009 15:19:35
(Official Notice)
Further to the trading statement, dated 18 May 2009, shareholders are advised that the directors now expect a loss per share of between 0.1c and 1.0c. The expected improvement from the previous trading update in loss per share relates to negative goodwill recognised on the acquisition of Portland Holdings (Pty) Ltd included in basic loss per share but excluded in determining headline loss per share. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The company's results for the year ended 28 February 2009 are expected to be released on SENS on or before 29 May 2009.
18 May 2009 16:12:01
(Official Notice)
Wearne is currently finalising its results for the year ended 28 February 2009 and shareholders are advised that the directors expect a loss per share of between 4.3 cents and 5.8 cents and a headline loss per share of between 9.6 cents and 13.0 cents, compared to earnings per share and headline earnings per share of 27.5 and 26.9 cents, respectively, reported for the year ended 29 February 2008.

Notwithstanding the above, the directors have implemented corrective measures and expect better trading conditions to the end of February 2010. The company's results for the year ended 28 February 2009 are expected to be released on SENS on or before 29 May 2009.
02 Mar 2009 16:07:24
(Official Notice)
Shareholders are advised that Mr Mitesh Patel has been appointed, with effect from 02 March 2009, to the company's board as an independent non-executive director. Mitesh has also been appointed as Chairman of the Audit Committee
16 Feb 2009 09:58:14
(Official Notice)
Shareholders are advised that Mr Owen Harvey, the chief financial officer of the company, has decided to retire. Accordingly Mr Harvey will not offer himself for re-election at the company's annual general meeting to be held in respect of the 2009 financial year, which meeting is expected to be held before the end of August 2009. Mr Harvey will remain with the company until a suitable replacement has been found.
07 Nov 2008 14:04:18
(Official Notice)
Ben du Toit has resigned as an executive director, with effect from 5 November 2008. Ben du Toit will remain employed by the company.
05 Nov 2008 14:35:22
(C)
Group revenue increased by 14% to R297.1 million (R261.2 million). Gross profit decreased by 5% to R90.1 million (R95 million). EBITDA declined to R44.5 million (R56.7 million). Profit attributable to ordinary shareholders slumped to R5.3 million (R24.3 million). In addition, headline earnings per share fell to 3.8cps for the period (15.9cps).



Dividend

No dividend has been declared.



Prospects

While the operating results for the period were poor and the general meltdown of financial markets across the world will certainly slow the growth of the South African economy, the directors believe that the need by and will of the government to improve the country's infrastructure will create many opportunities for the group.



The directors believe that the second half of the year will reflect a much improved financial performance, having regard to the reduction in the fuel price and an increase in volumes in all the businesses. The group also concluded value-enhancing acquisitions, creating critical mass that will benefit stakeholders. The brick plant joint venture has performed well, making a profit within its first year of operation. Through these additions, the group is extending its geographical footprint so as to position itself as a national supplier of aggregates, ready-mixed concrete and concrete products. No major capital expenditure will be spent in the second half of the year as the group now has spare capacity in all the businesses and will focus on exploiting these assets.
23 Oct 2008 16:32:13
(Official Notice)
Wearne is currently finalising its results for the six months ended 31 August 2008 and shareholders are advised that earnings per share and headline earnings per share are expected to be between 70% and 80% below those of the previous corresponding period, mainly as a result of:

* the weaker trading conditions experienced in the first half of the year with particular reference to the slow-down in the residential building market, an increase in fuel prices and the higher interest rate environment; and

* a continuation of the company's capital expenditure programme during the period under review with the associated expenses, while the associated revenue is only expected to be generated from the second half of the year onwards.

Wearne expects improved earnings to the end of February 2009, due to additional revenue being generated from the capital expenditure programme mentioned above, as well as the Portland Holdings (Pty) Ltd acquisition, which became effective on 1 September 2008, and which will contribute to earnings in the second half of the year. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 31 August 2008 are expected to be released on SENS during the week ending 7 November 2008.
19 Sep 2008 09:17:28
(Official Notice)
The directors of Wearne advise that, in terms of the Portland acquisition: Mr. N Heyns has been appointed to the board as an executive director; and Mr. H Scholtz has been appointed to the board as a non-executive director, with effect from 17 September 2008.
27 Aug 2008 15:38:14
(Official Notice)
Shareholders are referred to the announcement, dated 19 May 2008, relating to the acquisition of the Portland Group and are advised that Competition Commission approval has now been received. Accordingly, the transaction becomes unconditional and is effective from 1 September 2008.
07 Aug 2008 13:44:34
(Official Notice)
Shareholders are referred to the announcement, dated 19 May 2008, relating to the acquisition of the Portland Group and are advised that Competition Commission approval has now been received. Accordingly, the transaction becomes unconditional and is effective from 1 September 2008.
06 Aug 2008 11:51:26
(Official Notice)
Shareholders are advised that the annual report for the year ended 29 February 2008 was dispatched to shareholders on 5 August 2008 and contains no material modifications to the reviewed results for that year, which were published on SENS on 21 May 2008.



Notice is hereby given that the annual general meeting of shareholders of the company will be held on Wednesday, 27 August 2008 at 11h00 at Wearne`s offices, Stonemill Office Park, 3 Kiepersol House, 300 Acacia Road, Cresta, Randburg.
18 Jul 2008 16:36:41
(Official Notice)
Shareholders are referred to the announcement, dated 10 August 2007, relating to the acquisition of the Willowsfountain Quarry in Pietermaritzburg and are advised that the new mining lease with the property owners has been concluded and therefore all conditions precedent to the transaction have been fulfilled.
06 Jun 2008 11:24:45
(Official Notice)
Shareholders are referred to the announcement, dated 19 May 2008, relating to the agreements entered into by WG Wearne to acquire:

* the entire issued share capital and cession of claims in Portland Holdings and its subsidiaries, as well as the minority interests in certain subsidiaries, of Portland Holdings in terms of the Portland agreement for a purchase consideration of R122 615 660 from Portland Readymix Trust, Anco Besigheids Trust, Willchrest Besigheids Trust; and

* portion 8 of Farm 1098 Hooggekraal, as a going concern, in terms of the Visserhok agreement from Visserhok Investments (Pty) Ltd for a purchase consideration of R40 500 000.

* An additional amount which shall not exceed R60 000 000 will be paid to the vendors for Portland Hollowcare Slabs (Pty) Ltd, a new company recently established, after the profit after tax at 31 August 2010 has been finally agreed.

The Portland acquisition and the Visserhok acquisition are collectively defined as "the transaction".



Pursuant to the release of the financial effects of the transaction, the cautionary announcement is hereby withdrawn. Shareholders will be notified once the transaction becomes unconditional.
21 May 2008 08:44:25
(C)
Group revenue increased by 53% to R538.8 million (R352.5 million) and gross profit rose by 61% to R170.7 million (R106.3 million). EBITDA again increased significantly, by 85%, to R110 million (R59.2 million). Profit attributable to ordinary shareholders jumped 53% to R39.9 million (R26.1million). In addition, headline earnings per share grew to 26.9cps (19.7cps).



Dividend

No dividend has been declared.



Prospects

Even though the there has been a significant downturn in the residential building market, Wearne is confident that it will realize its growth prospects for the short to medium term. The slowdown in the residential market will specifically affect the RMC division, but the division will move its focus to the RDP housing market to increase its exposure to that side of the market which is still growing.



The RMC division is also tendering on various major civil engineering projects, including the Gauteng Freeway Improvement Project. The growth in the civil engineering sector is continuing, and is set to do so for the foreseeable future. This growth is also simultaneously creating many opportunities for growth in the aggregate division, as the building of roads and infrastructure consumes larger quantities of aggregate than the residential housing sector. The board has approved further capital expenditure of R50 million to replace existing plant and equipment as well as for new plant for projects tendered on.
19 May 2008 09:18:32
(Official Notice)
23 Apr 2008 14:37:44
(Official Notice)
Further to the cautionary announcements dated 12 March 2008, 30 January 2008 and 19 December 2007, shareholders are advised that negotiations are still in progress, 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.
22 Apr 2008 15:52:01
(Official Notice)
Wearne is currently finalising its results for the year ended 29 February 2008 and shareholders are advised that Wearne's earnings and headline earnings per share for the year ended 29 February 2008 are expected to increase by between 30% and 50% over those of the previous corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The company's results for the year ended 29 February 2008 are expected to be published on SENS during the week ending 30 May 2008.
12 Mar 2008 17:24:33
(Official Notice)
Further to the cautionary announcements dated 30 January 2008 and 19 December 2007, shareholders are advised that negotiations are still in progress, 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.
10 Mar 2008 10:53:24
(Official Notice)
Wearne has appointed Vunani Corporate Finance as its Designated Adviser and Sponsor and have resigned from its current Designated Adviser and Sponsor, Exchange Sponsors (Pty) Ltd.
17 May 2006 10:01:53
(C)
Revenue for the group increased by 12% to R196.6 million for the year while EBITDA increased by 24% to R30 million. The increase can largely be attributed to an improvement in gross profit margins as a result of the general up-turn in the construction industry that boosted demand for the group's products and services. The group purchased capital equipment to the value of R26.6 million to increase the production capacity of its current operations as well as to execute two new contracts to the value of R68 million which were awarded to the group just before year end. Headline earnings per share increased by 104.90% to 14.63c (7.14c).



Dividend

In line with the group's growth strategy, no dividend was declared for the year.



Prospects

The monies raised through the pre-listing private placement will be used to strengthen the company's balance sheet for possible future acquisitions and growth opportunities. Robust trading conditions continue in the construction industry and the directors are confident that the group will show real growth in headline earnings per share for the year ahead ending 28 February 2007.
25 Apr 2006 08:47:01
(Official Notice)
Shareholders are referred to the forecast financial information for the year ended 28 February 2006, published in the prospectus to shareholders dated 10 February 2006, wherein it was advised that earnings per share would be 12.25c (8.56c) and headline earnings per share would be 11.90c (7.14c). Wearne is currently finalising its results for the year ended 28 February 2006 and are advised that it is expected that EPS and HEPS would be 15%-25% higher than those of the forecast financial information respectively. The company's results for the year ended 28 February 2006 are expected to be published on SENS in the middle of May 2006.
22 Feb 2006 11:34:39
(Media Comment)
Business Report noted on 22 February that Wearne's share price opened at R1.91 on its first day of listing, nearly twice the private placement price of R1.00 per share. The share closed at R1.71 on the day.
21 Feb 2006 11:33:28
(Official Notice)
New contracts of approximately R68 million were recently awarded to Wearne for the delivery of aggregates and ready mixed concrete. Both the new contracts would commence in March 2006. These contracts cover an 18 month period.
26-Oct-2017
(X)
Wearne is one of South Africa's oldest suppliers of materials to the building and construction industry. Established in 1910 as a construction concern by its founder William George Wearne, the company was initially involved in the sand and stone business in the small town of Carletonville, near Johannesburg, and the ready-mix division was established in the early 1970's. Since then, the company has grown into what is now known as The Wearne Group of Companies, supplying the construction industry with a complete building material solution.



Historically operating in the northern areas of the country, the Group now has operations not only in Gauteng and Limpopo, but also in KwaZulu-Natal. What was once a small family business is today a JSE AltX-listed company operating in some of the major metropolitan areas.



Wearne's products and services include aggregates, ready mix concrete as well as mobile crushing and screening services.


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