Kingdom Meikles News by AfricanShareholder

Meikles: Notice to shareholders on exchange of shareholding

Mon, 16 Jan 2012 12:00:00

The Board of Meikles Limited (“Meikles/ the Company”) has been notified by the Moxon Group that they have exchanged their combined shareholding in Meikles into one entity Gondor Capital Limited (“Gondor”), a non-resident entity. Gondor’s shareholding is 100% held by the Moxon Group which means that there is no change in the underlying beneficial ownership of their shareholding in Meikles. The transaction also has no effect on the Company’s indigenisation...

Meikles: Press Statement - Exchange of shareholding

Mon, 16 Jan 2012 12:00:00

The Moxon Group has received the Reserve Bank of Zimbabwe’s Exchange Control approval to exchange its shareholding in Meikles Limited ("Meikles”) with Gondor Capital Limited (“Gondor”), a non resident entity. Gondor’s shareholding is 100% held by the Moxon Group which means there is no change in the underlying beneficial ownership of their shareholding in Meikles Limited. This transfer consolidates the Moxon Group’s investment in Meikles Limited into one...

Meikles Limited: Notice to Shareholders

Fri, 2 Dec 2011 12:00:00

Shareholders are advised that Pick ‘n Pay Retailers (Proprietary) Limited (“Pick ‘n Pay”) is investing US$13 million into TM Supermarkets (Private) Limited (“TM”) and in so doing Pick ‘n Pay is increasing its shareholding in TM from 25% to 49%. This investment by Pick ‘n Pay has received the approvals from the Reserve Banks of Zimbabwe and South Africa, the Ministry of Youth Development, Indigenisation and Empowerment, the Zimbabwe Investment...

MEIKLES releases 2011 interim results

Tue, 29 Nov 2011 12:00:00

The Meikles Limited Board of Directors is pleased to announce the release of the 2011 interim results for the six months ended 30 September 2011. Below are a few extracts from the Chairman's review. Group review Indigenisation After meeting the various requirements set by the Ministry of Youth Development, Indigenisation and Empowerment, the Company was accorded its indigenous status and is now in compliance with the Empowerment Act... Pick n Pay investment into TM Supermarkets Save...

Meikles launches employee share ownership trust

Mon, 21 Nov 2011 00:00:00

On 18 November 2011, the Minister of Youth Development, Indigenisation and Empowerment Hon MP Saviour Kasukuwere, launched the Meikles Limited Employee Share Ownership Trust. “Employee Share Ownership Trusts are one of the designated vehicles for broad-based participation in the implementation of indigenization and economic empowerment programmes”, he said The Meikles Limited shareholders at an EGM held on 18 August 2011 approved the setting aside of 24 million shares for purchase...

TM opens new branch in Mutoko

Thu, 17 Nov 2011 12:00:00

RETAILING in Zimbabwe is moving gradually towards maturity and sophistication with some shops extending their brands to rural parts of the country. The recent opening of a new TM Supermarket outlet in Mutoko is spurring a silent supermarket revolution which is redefining Zimbabwe's retailing landscape. The entrance into rural Mutoko by TM brought smiles to rural shoppers and jolted traditional grocery store owners who are beginning to feel the squeeze. Teachers, doctors, nurses and...

Meikles Limited: Notice to Shareholders

Thu, 22 Sep 2011 12:00:00

Meikles Limited wishes to advise shareholders that Mr B J Beaumont has resigned as the Group Chief Executive Officer with effect from 30 September 2011. The Board wishes to express its appreciation to Mr Beaumont for the valuable contribution he has made to the Group since he joined in 2009. Mr Beaumont has resigned to pursue his own business interests. The Company Secretary Meikles Limited 22 September 2011

Meikles... Zimbabwe roots, Zimbabwe future

Tue, 20 Sep 2011 12:00:00

Meikles Limited ("ML") embraces the spirit and objective of the indigenization laws of Zimbabwe and will prime all its activities to ensure compliance with such laws. In this regard, Meikles Limited is mindful that progress may appear slow due to a hybrid of historical issues, including the search for ways to recapitalise the operations, running a large and diversified corporation in a demanding economic environment and the obvious, but unfair comparison that may be made between this...

Workers take over Meikles Spinning business

Thu, 8 Sep 2011 00:00:00

Reviving industry in Bulawayo has emerged as a government and local authority priority. In order to support the initiative to resuscitate industry in Zimbabwe’s second city, Meikles Limited has entered into an empowerment agreement with the former employees of Bulawayo-based Cotton Printers Limited. This agreement will see the 350-strong group of former workers resuscitate the operations of the spinning division of the business whose liquidation was managed by Grant Thornton Camelsa. At...

Meikles Limited's quest to indigenise

Fri, 26 Aug 2011 12:00:00

In accordance with the requirements of the Indigenisation Act, Meikles Limited lodged its application with the Ministry of Youth Development, Indigenisation and Empowerment for their consideration. The parameters within which full compliance is to be achieved have been agreed with the Ministry and are now in the process of being implemented. The establishment of the Meikles Limited Employee Share Ownership Trust is one of the parameters and this has now been established through the passing of...

MEIKLES: Interim Management Statement and results of the 74th AGM and EGM of 18 August 2011

Fri, 19 Aug 2011 12:00:00

Group overview The attainment of full indigenisation status and the raising of equity and debt financing to both re-financing the Group’s subsidiaries and to invest into new projects are the current pillars upon which the Group expects to add shareholder value in future. The Meikles Group currently requires working capital of US$61m of which a minimum of US$13m will be direct investment into TM Supermarkets by Pick n Pay. The Group is looking to raise a further US$90m for new...

MEIKLES: Notice of lifting of suspension of listing

Wed, 27 Jul 2011 12:00:00

The Financial Services Authority (acting in its capacity as competent authority for Part 6 of the Financial Services and Markets Act 2000) of 25 The North Colonnade, Canary Wharf, London, El4 5HS ("the FSA") has lifted the suspension of listing from Meikles Ordinary Shares of ZWR0.10 each fully paid : ZW0009012114 The lifting of the suspension is effective from: 26/07/2011 3:00PM Andrew Lane-Mitchell Meikles Limited 6th Floor 99 Jason Moyo Avenue PO Box 3598 HARARE Zimbabwe

MEIKLES: Notice of an Extraordinary General Meeting

Tue, 26 Jul 2011 12:00:00

Notice is hereby given that an extraordinary general meeting of Meikles Limited will be held in the Stewart Room, Meikles Hotel, Third Street, Harare at 10.00 am on 18 August 2011, for the purpose of considering and, if deemed fit, passing without modification, the following resolution: Special Resolution That 24 000 000 unissued ordinary shares of the Company be placed under the control of the Directors, who shall have the authority to issue the shares to the Meikles Limited...

MEIKLES Limited notice of 74th AGM

Fri, 22 Jul 2011 00:00:00

Notice is hereby given that the seventy-fourth ANNUAL GENERAL MEETING of the shareholders of Meikles Limited in respect of the period ended 31 March 2011 will be held in the Stewart Room First Floor, Meikles Hotel, 3rd Street, Harare on 18 August 2011 at 8.15 am to conduct the following business: ORDINARY BUSINESS To receive and adopt the Group Financial Statements for the period ended 31 March 2011 and the reports of the Directors and Auditors. Mr. J. R. T. Moxon who was appointed as a...

MEIKLES releases 2011 annual report

Thu, 21 Jul 2011 12:00:00

Meikles Limited Board of Directors is pleased to announce the release of their 2011 Annual report for the year ended 31 March 2011. Below is the extract from the Chairman's Statement and a few financial highlights. Chairman's Statement Operating Environment The economy has continued to stabilise following dollarisation in February 2009, albeit at a slow pace. Annual inflation declined to 2.7% in March 2011 from 3.2% in December 2010. The inflation outlook remains positive...

Meikles Calling | Vol. 2 Magazine

Thu, 7 Jul 2011 12:00:00

Below is the summary of the Meikles Calling Volume 2 - July 2011, Our Quarterly Magazine: Meikles Going Green Whether you believe that global warming is a man made phenomenon or not, the extreme weather patterns that are emerging should give everyone cause for concern. In 2011 alone, we have seen natural disasters on an epic scale: the tornadoes which have recently swept through the American mid west have been the most violent since 1953... Meikles Stores Greatermans Pub and Grill ...

Meikles financial results to 31 March 2011

Tue, 21 Jun 2011 12:00:00

The Board is pleased to release the Audited Financial Results for the 15 months ended 31 March 2011. Below are the excerpts from the abridged report: Financial highlights Comprehensive Income Revenue was $330,437,331 Gross profit was $72,779,093 Profit for the period amounted to $6,124,925 Other comprehensive income was $1,888,711 Total comprehensive profit for the period was $8,013,636 Financial Position Non-current assets totalled...

Meikles Limited: Notice to shareholders

Thu, 16 Jun 2011 00:00:00

Meikles Limited wishes to advise shareholders that as of 15 June 2011 Mr Farai Rwodzi has resigned as Chairman of the Group. Mr Rwodzi became a director and Chairman of the Group at a time when the shareholder dispute was very much present in its daily impact on the Group's affairs. Mr Rwodzi played a substantial role in moving the Group from the restraints it faced to the present situation. Mr Rwodzi's determination and efforts in this regard will always be remembered with great...

Meikles March 2011 magazine: Meikles Calling

Mon, 4 Apr 2011 12:00:00

Welcome to our first edition of our bi-monthly magazine: MEIKLES CALLING. Below is the Chief Executive Officer's introduction: Back to where we came from "When I became CEO of Meikles Limited in January 2010, we in Zimbabwe, like much of the rest of the world, had been through difficult and stressful economic times. I thank our staff, our customers and our shareholders for standing by us during this formidable period. It is my responsibility to provide direction...

Meikles Limited weekly share trading results: 18 March 2011

Fri, 18 Mar 2011 12:00:00

Meikles Limited weekly share trading stats 18 March 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 11 March 2011

Fri, 11 Mar 2011 12:00:00

Meikles Limited weekly share trading stats 11 March 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 04 March 2011

Fri, 4 Mar 2011 00:00:00

Meikles Limited weekly share trading stats 04 March 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 25 February 2011

Fri, 25 Feb 2011 00:00:00

Meikles Limited weekly share trading stats 25 February 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

MEIKLES: Clarification of ISIN code

Wed, 23 Feb 2011 12:00:00

Following the change of name from KMAL to Meikles Limited on 23 February 2010, the ISIN code for our ordinary equity changed from ZW0009012031 to ZW0009012114. Please be guided accordingly. Thanks, The Meikles Team

Meikles Limited weekly share trading results: 18 February 2011

Fri, 18 Feb 2011 12:00:00

Meikles Limited weekly share trading stats 18 February 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

MEIKLES: Interim Management Statement

Thu, 17 Feb 2011 12:00:00

GROUP PERFORMANCE REVIEW The group has weathered the storm and the performance in 2010 was very encouraging. The continuing operations of the group yielded a loss before tax of $2.8 million (2009: $9.2 million). This performance was weighed down by an interest payable bill of $5.5 million on borrowings which averaged approximately $40 million in 2010. The focus has been to bring back profitability across the group with emphasis on growth in turnover and improvement in margins. The discontinued...

MEIKLES: Notice to shareholders (de-merger)

Mon, 14 Feb 2011 12:00:00

Shareholders are advised that the required conditions precedent necessary for the de-merger of Kingdom Financial Holdings Limited ("KFHL") from the Company were fulfilled by 13 February 2011 (the final date for fulfilment) and now that these conditions precedent have been fulfilled the de-merger is being implemented. Accordingly, shareholders will receive their KFHL share certificates in due course. By Order of the Board 13 February 2011

Meikles Limited weekly share trading results: 11 February 2011

Fri, 11 Feb 2011 12:00:00

Meikles Limited weekly share trading stats 11 February 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 4 February 2011

Fri, 4 Feb 2011 12:00:00

Meikles Limited weekly share trading stats 4 February 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 28 January 2011

Fri, 28 Jan 2011 00:00:00

Meikles Limited weekly share trading stats 28 January 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

MEIKLES: Total Voting Rights

Wed, 26 Jan 2011 12:00:00

Meikles Limited Registration number 1/37 ("the Company") TOTAL VOTING RIGHTS In accordance with the Financial Services Authority's Disclosure and Transparency Rules, the Company advises that its issued share capital comprises 245,374,791 ordinary shares of US$0.01 each. The voting rights of all these shares are identical with each share carrying the right to one vote. The Company holds no ordinary shares in Treasury. The above figure may be used by shareholders as the denominator...

Meikles Limited weekly share trading results: 21 January 2011

Fri, 21 Jan 2011 00:00:00

Meikles Limited weekly share trading stats 21 January 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 14 January 2011

Fri, 14 Jan 2011 00:00:00

Meikles Limited weekly share trading stats 14 January 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 7 January 2011

Fri, 7 Jan 2011 00:00:00

Meikles Limited weekly share trading stats 7 January 2011 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited yearly share trading results: 2010

Tue, 4 Jan 2011 12:00:00

Meikles Limited yearly share trading stats 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ZSE...

Meikles Limited weekly share trading results: 17 December 2010

Fri, 17 Dec 2010 12:00:00

Meikles Limited weekly share trading stats 17 December 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles: Notice of change of financial year end

Thu, 16 Dec 2010 12:00:00

Shareholders are advised that the Company's financial year end has changed from 31 December to 31 March with effect from 31 March 2011. The Group will then accordingly release its fifteen month's financials for the period ended 31 March 2011 at the appropriate time. COMPANY SECRETARY MEIKLES LIMITED 15 December 2010 Download the full notice

Meikles Limited weekly share trading results: 10 December 2010

Fri, 10 Dec 2010 00:00:00

Meikles Limited weekly share trading stats 10 December 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 03 December 2010

Fri, 3 Dec 2010 12:00:00

Meikles Limited weekly share trading stats 03 December 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 26 November 2010

Fri, 26 Nov 2010 12:00:00

Meikles Limited weekly share trading stats 26 November 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 19 November 2010

Fri, 19 Nov 2010 00:00:00

Meikles Limited weekly share trading stats 19 November 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 12 November 2010

Fri, 12 Nov 2010 00:00:00

Meikles Limited weekly share trading stats 12 November 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

MEIKLES Limited: Further Cautionary announcement

Fri, 5 Nov 2010 00:00:00

Further to the Cautionary Notice published in the press on 22 October 2010, the Company's Board wishes to advise shareholders that Pick 'n Pay Retailers (Proprietary) Limited ("Pick 'n Pay"), the Company and its subsidiary TM Supermarkets (Private) Limited ("TM") have entered into an agreement in terms of which Pick 'n Pay will increase its shareholding in TM to 49%. Shareholders are further advised that such agreement is subject to certain regulatory approvals. Shareholders will be advised...

Meikles Limited weekly share trading results: 05 November 2010

Fri, 5 Nov 2010 00:00:00

Meikles Limited weekly share trading stats 05 November 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 29 October 2010

Fri, 29 Oct 2010 00:00:00

Meikles Limited weekly share trading stats 29 October 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited weekly share trading results: 22 October 2010

Fri, 22 Oct 2010 00:00:00

Meikles Limited weekly share trading stats 22 October 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

Meikles Limited Cautionary Notice

Thu, 21 Oct 2010 00:00:00

Shareholders are advised that the Group is in advanced negotiations with a shareholder in one of the Group's subsidiaries for such shareholder to increase its shareholding in the subsidiary. Accordingly, shareholders are advised to exercise caution in dealing in the Company's shares. Company Secretary Meikles Limited 21 October 2010

Meikles Limited weekly share trading results: 15 October 2010

Fri, 15 Oct 2010 00:00:00

Meikles Limited weekly share trading stats 15 October 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...

MEIKLES: Results of the Extraordinary General Meeting

Thu, 14 Oct 2010 00:00:00

NOTICE AND QUORUM There being greater than three members personally present the Extra-Ordinary general meeting was declared to have been duly constituted. Notice of the Extraordinary General Meeting was notified to shareholders in the press on Monday 6 September 2010 and posted to shareholders from 13 September 2010. The notice was taken as read. SUMMARY OF MEETING EVENTS The EGM considered and passed the following resolutions. Please see C � F below...

Meikles Limited weekly share trading results: 8 October 2010

Fri, 8 Oct 2010 00:00:00

Meikles Limited weekly share trading stats 8 October 2010 Listing exchange ZSE Sector Diversified Industrials Listing date 6 January 1962 ISIN code ZW000-901-203-1 Year end 31 December ...