remgro and rmh

Remgro is an investment holding company with a diverse investment portfolio across more than 30 investee companies. Remgro ended the day 6.12 percent higher at R196. Due to the growth in FirstRand's share price, Remgro said RMH had taken an overweight position in its portfolio. Other investments include Mediclinic, Distell, Grindrod, Total and Rand Merchant Investment Holdings, amongst others. Other investments include Mediclinic, Distell, Grindrod, Total and Rand Merchant Investment Holdings, amongst others. RMH's shares rose 1.3% to R83.16 yesterday, while Remgro closed 0.5% higher at R184.70 and FirstRand added 1.8% to R68.55. The mobile network operator plans to resume dividend payments this year and may declare special dividends too. Originally established in the 1940s by the late Dr Anton Rupert as a tobacco… RMH then plans to distribute its stake in FirstRand to its investors as a dividend in specie towards the end of June in a move it says will create R5.41 billion in value. Sens announcement for REMGRO LIMITED – Unbundling of shareholding in RMH, cash proceeds in respect of fractional entitlements and apportionment of tax cost - SENS In a related transaction, Remgro, which holds 28% of RMH and 4% of FirstRand, said it would distribute its stakes in both to its shareholders. If a recapitalisation arrangement is not reached by the end of April, its lenders may close in. Due to the growth in FirstRand’s share price, Remgro said RMH had taken an overweight position in its portfolio. Remgro Shareholders are advised that the condition precedent to the implementation of the Remgro Unbundling has been met and that implementation will occur in accordance with the timeline below: Salient dates and times 2020 Finalisation announcement released on SENS Tuesday, 26 May 2020 Last day to trade in Remgro shares on the JSE to participate in the Remgro Tuesday, 2 June 2020 Unbundling Remgro shares trade "ex" entitlement to receive the Unbundled RMH … It has debt of R1.18 billion and property-related financial obligations of R2.6 billion, as well as property-related contingent financial obligations of up to R3.1 billion. The RMH restructuring is being conducted concurrently with investment holding company Remgro, which will distribute its 28.2% interest in RMH to its own shareholders. The drilling services company says AVA is aligned with its strategy to diversify its services and invest in new opportunities. The property group says it is committed to continuing paying dividends twice a year so it can retain its REIT status. Remgro owns 28% of RMH and 3.9% in FirstRand, while RMH owns 34% of FirstRand. Separately, the company said its management board had voluntarily decided to forego 30% of their salary for the next three months as part of its response to Covid-19. Key Insights for Shareholders The announcements were made after the close of trade. However, FirstRand tumbled on the news, falling 1.53 percent and closing at … RMB Holdings just announced a restructuring of its assets. This was received positively by the market and initially lead to … As is the case with many investment companies, both trade at a discount to their underlying investments. Remgro Shares held as trading stock: Any Remgro Shareholder holding Remgro Shares as trading stock will be deemed to Under the proposed restructuring of its portfolio, it will distribute the FirstRand stake to shareholders before selling its property assets. REMGRO LIMITED - Unbundling of shareholding in RMH, cash proceeds in respect of fractional entitlements and apportionment of tax costRelease Date: 04/06/2020 11:02:00 Code(s): REM PDF(s): Unbundling of shareholding in RMH, cash proceeds in respect of fractional entitlements and apportionment of tax cost REMGRO LIMITED (Incorporated in the Republic of South Africa) … Apart from its stake in FirstRand, RMH owns a portfolio of property developments assets with a gross asset value of R3.35 billion. Other listed directorships: u Capevin Limited u Distell Group Limited u FirstRand Limited Remgro trades at a 21% discount to its intrinsic net asset value per share of R233.03 as at the end of June. Remgro and RMH are currently busy finalising the detailed mechanics and transaction steps to give effect to the respective restructurings. Sign up to the InceConnect publications here to get your preferred headlines all in one place. rading statement for the twelve months ended 31 December 2020, R-1: Standard form for notification of major holdings. Introduction Holders of Remgro no par value ordinary shares and Remgro unlisted no par value B ordinary shares ("Remgro Shareholders") are referred to the detailed terms and finalisation announcements released by Remgro on the Stock Exchange News Service on 14 April 2020 and 26 May 2020 respectively, regarding the unbundling by way of a dividend in specie of the 397,447,747 shares in RMH … The original expenditure incurred in respect of the Remgro shares will be apportioned between the Unbundled RMH Shares and the Remgro shares based on a ratio that is determined with reference to the respective closing prices of the shares in RMH and Remgro on the first business day after the LDT Date (as defined in paragraph 11 below). Shares of the UK wealth manager rallied on the back of its full-year results. If a recapitalisation arrangement is not reached by the end of April, its lenders may close in. Sign up to the InceConnect publications here to get your preferred headlines all in one place. KEY ... officer of Remgro Limited in November 2009 and CEO from 7 May 2012. As a result of the unbundling of Remgro’s 28.2% interest in RMB Holdings Limited (RMH) (RMH Unbundling), earnings and headline earnings measures are presented for continuing operations and discontinued operations. Remgro traded at a 19% discount to its intrinsic net asset value (iNAV) per share of R240.93 at the end of December. The decision to unbundle around 40% of FirstRand from Remgro and RMH is another. Remgro, the listed investment holding company chaired by Johann Rupert, will release details of its unbundling of financial services group RMB Holdings (RMH… The savings generated from this reduction in salaries would be paid to the Sukuma Relief Programme, an initiative aimed at supporting SMEs, and administered by Business Partners Limited. RMB holdings and Rembrandt to unbundle their firstrand shares in total. Remgro owns 28.2% of RMH, whose biggest investment is its 34% stake in FirstRand. The group will monetise its property interest over time. The announcement was made after the close of trade. The FirstRand distribution will be net of the settlement of debt and associated costs, as well as an appropriate capitalisation of RMB post the distribution. The announcements were made after the close of trade. rading statement for the twelve months ended 31 December 2020, R-1: Standard form for notification of major holdings. The InceConnect News is focused on empowering the everyday investor and to equip the business individual with the latest business, financial & investment news & tools to help make more informed decisions around their investments.Publication Queries, 42 Wierda Road West, Wierda Valley, Sandton, 2196 +27 (11) 305 7300, CORPORATE ANNOUNCEMENT BY: ASCENDIS HEALTH LIMITED, MTN suspends dividends as it tackles debt, Growthpoint declares dividend after tough first half, Quilter beats expectations with 2020 performance, Optimism-fuelled rise in yields poses challenge for Fed, CORPORATE ANNOUNCEMENT BY: Adapt IT HOLDINGS LIMITED, CORPORATE ANNOUNCEMENT BY: ZARCLEAR HOLDINGS LIMITED, A2X well positioned to face the challenges of the new year, Green tyres turn climate change corner for good, Sabinet Judgments — a well-rounded view of reported and unreported judgments, Trading statement for the twelve months ended 31 December 2020, TR-1: Standard form for notification of major holdings. The drilling services company says AVA is aligned with its strategy to diversify its services and invest in new opportunities. 2. rationale for the rmh unbundling 16 3. remgro unbundling 16 4. pre-unbundling steps 17 5. rmh unbundling terms and mechanics 18 6. conditions precedent 21 7. pro forma financial effects of the rmh unbundling 21 8. rmh take-on nav 22 9. information relating to rmh 24 10. financial information 31 11. major beneficial shareholders 33 12. Published Date: 2020-04-15 | Source: Stephen Gunnion | Author: Stephen Gunnion. The biggest retail landlord in Poland is bullish on its prospects but wants to retain capital due to Covid-19 challenges. In the case of the Remgro unbundling, if the discount to NAV narrows back to a fairer level of 18% from an implied 36% (which would exist post the unbundling of RMH and FSR) investors would stand to make a significant profit from the arbitrage trade. Remgro plans to unbundle its shares in RMB Holdings (RMH) to its shareholders on 8 June as the two investment companies take steps to reduce the discount their shares trade at relative to their portfolios of investments. Remgro, the listed investment holding company chaired by Johann Rupert, intends to proceed with unbundling its 28.2% interest in Rand Merchant Bank Holdings (RMH) to … Remgro owns 28.2% of RMH, whose biggest investment is its 34% stake in FirstRand. The B-BBEE is the same concept is just another name to get funding for the elites. RMB was founded by businessmen GT Ferreira, Laurie Dippenaar and Paul Harris over 40 years ago. Billionaire Johann Rupert’s Remgro will also distribute all its RMH shares, it said in a separate statement. THE MEMBERS ARE HIGHLY SKILLED AND VASTLY EXPERIENCED, ENABLING THEM TO OVERSEE VALUE CREATION. Will delist after selling properties and paying off debt and then paying out balance. It represents the merger of Rand Consolidated Investment and Rand Merchant Bank, then owned and managed by Johann Rupert of Remgro. Shares of the UK wealth manager rallied on the back of its full-year results. The group said the unbundling of Remgro’s 28.2percent stake in RMH resulted in a fall of its headline earnings as well as continuing operations and discontinued operations. The transaction will reduce the entry points to FirstRand and will result in Remgro shareholders holding a direct stake in the banking group. Remgro Shareholders will have a combined expenditure in respect of the Remgro Shares and the Unbundled RMH Shares received pursuant to the Remgro Unbundling. Wij bieden al uw ICT oplossingen! Under the transaction, Remgro shareholders will receive 0.699 RMB shares for every Remgro share. RMH also plans to sell its other assets, before delisting. Remgro traded at a 19% discount to its intrinsic net asset value (iNAV) per share of R240.93 at the end of December. RMH's shares rose 1.3% to R83.16 yesterday, while Remgro closed 0.5% higher at R184.70 and FirstRand added 1.8% to R68.55. “But it’s not the only factor to consider. As Alec Hogg explains, the decision is part of a long-term process of professionalisation at FirstRand as the founder generation gives way to a new crop of professional managers. The investment holding company benefitted from the integration of its Retail Segment in the six months ended December. Remgro holds a 28.2% stake in RMH, which has as its main investment a 34.1% stake in banking group FirstRand. Remgro and RMH will distribute their holdings in FirstRand to shareholders, probably next year; RMH has been seen as a cheap entry point to FirstRand's shares; Shareholders of both companies will end up with direct holdings in FirstRand. RMH Unbundling 2020 Cash proceeds and base cost allocation announcement – 4 June 2020 Finalisation announcement – 26 May 2020 Announcement regarding the extension of the date for the condition precedent to be fulfilled or waived – 30 April 2020 Announcement regarding the distribution of Remgro’s RMB Holdings Limited shares 14 April 2020 Remgro cautionary announcement 31 March … Will distribute its 34.1% holding in FirstRand to shareholders. While Covid-19 has forced change on us all, 2020 has also been another major inflection point for Remgro following the unbundling of our interest in RMH,” he … The mobile network operator plans to resume dividend payments this year and may declare special dividends too. Last Thursday, Standard Bank customers awoke to the frustrating surprise that their debit and credit cards had duplicate transactions. It was clear from the Remgro investor conference call … Really big news. The unbundling will, in the case of RMH, remove the holding structure which some investors have used as a cheap entry to FirstRand shares. Millennia Park 16 Stellentia Avenue Stellenbosch, 7600 +27 21 888 3000 info@remgro.com Remgro shares were up 5.4%. Due to the growth in FirstRand's share price, Remgro said RMH had taken an overweight position in its portfolio. It also owns a further 3.9% direct interest in the banking group. Published Date: 2019-11-20 | Source: Stephen Gunnion | Author: Stephen Gunnion. FIRSTRAND LIMITED (FIRSTRAND) FirstRand’s contribution to Remgro’s headline earnings represents Remgro’s 3.9% direct interest (as at the beginning of the financial year) in FirstRand and excludes the indirect contribution from FirstRand through the investment Remgro previously held in RMH. It would also enable its own shareholders to participate in the RMH unbundling, giving them a direct holding in FirstRand. Remgro announced in November that they would distribute their RMH and FirstRand holdings to Remgro shareholders. The property group says it is committed to continuing paying dividends twice a year so it can retain its REIT status. The unbundling would reduce the discount by reducing the three listed entry points into the underlying operations via FirstRand, RMH and Remgro. In an update yesterday, FirstRand said the mechanism and steps required to implement and give effect to the transactions referred to in last November's announcement remained under evaluation by the boards of directors of RMH and Remgro. The investment holding company benefitted from the integration of its Retail Segment in the six months ended December. Last Thursday, Standard Bank customers awoke to the frustrating surprise that their debit and credit cards had duplicate transactions. Alongside RMH’s announcement, Remgro also indicated that it would be distributing its stakes in RMH and FirstRand “in full or in part”. In a coordinated transaction, Remgro will unbundle its stake in RMH to its shareholders, who will then hold a direct stake in the investment holding company. “If this transaction goes through as we planned, it will be the end of a prolific era in South African corporate history,” Bosman said. Does Standard Bank have bigger problems than double debiting its clients. In a surprise announcement, Rand Merchant Bank Holdings (RMH) and Remgro say they to unbundle their stakes in FirstRand to shareholders, with RMH going a step further and also selling its other assets, before delisting. Remgro said it would distribute all or part of its holdings in RMH and FirstRand to its shareholders. RMH said a timetable for the restructuring would probably be published before the end of the first quarter of next year. The biggest retail landlord in Poland is bullish on its prospects but wants to retain capital due to Covid-19 challenges. Does Standard Bank have bigger problems than double debiting its clients? The investment in RMH is treated as a discontinued operation and, accordingly, discontinued operations include Bond markets are anticipating a sharp economic US recovery, reflected in yields that have tripled in the last six months. The investment holding companies plan to distribute their holdings in FirstRand to shareholders, while Remgro will also distribute its RMB stake. It also owns a further 3.9% direct interest in the banking group, which it plans to keep. RMH was founded by South African leading businessmen GT Ferreira, Laurie Dippenaar and Paul Harris over 40 years ago. Rmbh will sell the other assets as well and delist. Other investments include Mediclinic, Distell, Grindrod, Total and Rand Merchant Investment Holdings, amongst others. Remgro’s unbundling of RMB Holdings (RMH) is not the beginning of the end for one of the JSE’s oldest investment companies, according to CEO Jannie Durand. Millennia Park 16 Stellentia Avenue Stellenbosch, 7600 +27 21 888 3000 info@remgro.com The FirstRand shares will be distributed to RMH shareholders on a pro-rata basis by way of a distribution in specie. Remgro traded at a 19% discount to its intrinsic net asset value (iNAV) per share of R240.93 at the end of December. The winds of change are also blowing through South Africa’s credit rating. It said it would remain listed on the JSE until the property disposals were complete. RMH’s share price surged 5.21 percent to close at R32.72. RMH said a timetable for the restructuring would probably be published before the end of the first quarter of next year. RMH’S BOARD EPITOMISES ITS ETHICAL VALUES. Bond markets are anticipating a sharp economic US recovery, reflected in yields that have tripled in the last six months. On the same date, Remgro also announced its intention to distribute, in full or in part, its exposure to both RMH and FirstRand to Remgro shareholders. - Remgro is gevestigd in Markelo Remgro Webdesign & ICT oplossingen - Website, webshop, SEO website op maat gemaakt! Remgro and Dr Anton Rupert - (Reddingsdaadbond fonds). The InceConnect News is focused on empowering the everyday investor and to equip the business individual with the latest business, financial & investment news & tools to help make more informed decisions around their investments.Publication Queries, 42 Wierda Road West, Wierda Valley, Sandton, 2196 +27 (11) 305 7300, Growthpoint declares dividend after tough first half, MTN suspends dividends as it tackles debt, Quilter beats expectations with 2020 performance, Optimism-fuelled rise in yields poses challenge for Fed, CORPORATE ANNOUNCEMENT BY: ASCENDIS HEALTH LIMITED, CORPORATE ANNOUNCEMENT BY: Adapt IT HOLDINGS LIMITED, CORPORATE ANNOUNCEMENT BY: ZARCLEAR HOLDINGS LIMITED, A2X well positioned to face the challenges of the new year, Green tyres turn climate change corner for good, Sabinet Judgments — a well-rounded view of reported and unreported judgments, Trading statement for the twelve months ended 31 December 2020, TR-1: Standard form for notification of major holdings. Remgro closed 3.3% higher at R142.67 yesterday while RMH rose 0.2% to R52.87 and FirstRand gained 1.5% to R41.23. It represents the merger of Rand Consolidated Investment and Rand Merchant Bank, then owned and managed by Johann Rupert of Remgro. Other investments include Mediclinic, Distell, Grindrod, Total and Rand Merchant Investment Holdings, amongst others.

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