Current Results
InfoWave Shareholders General Meeting
The general meeting of InfoWave Shareholders is to be held at 16:30 on Thursday,
31 January 2008 at InfoWave’s registered office, Gleneagles Park,
10 Flanders Drive, Mount Edgecombe.
InfoWave Name Change Circular
Circular details
InfoWave merges with Adapt IT -- 21/11/2007
The board of InfoWave is pleased to announce that it has reached an agreement with Mr S Shabalala to acquire his 100% equity interest in Microzone Investment Holdings
(Pty) Ltd (“Microzone”) and his 7.5% direct interest in ApplyIT (Pty) Ltd (“ApplyIT”) for a total consideration of R11.7 million (“transaction”).
Microzone holds a 67% interest in Adapt-IT (Pty) Ltd (“Adapt-IT), and a 70% interest in Isizinda Consulting (Pty) Ltd (“Isizinda”) (collectively including Apply-IT, “the
Shabalala businesses”). The effective date for the transaction is 1 December 2007.
InfoWave already holds a 33% interest in Adapt-IT and a 66.9% interest in ApplyIT. Accordingly on completion, InfoWave will have a 100% interest in Adapt-IT, a 74.4%
effective interest in ApplyIT, and a 70% interest in Isizinda. The Articles of Association of the Shabalala businesses will be amended to conform to schedule 10 of the JSE
Limited (“JSE”) Listings Requirements and in line with those of the company.
InfoWave Acquisition Announcement
InfoWave Acquisition Announcement (Zulu)
InfoWave Share Repurchases -- 12/11/2007
InfoWave (Pty) Limited has acquired a total of 5 605 000 of its holding company, InfoWave Holdings Limited’s
shares between 1 and 9 November 2007 and representing 6,5% of its issued share capital (“the share
repurchases”), at the time of the Annual General Meeting.
InfoWave Share Repurchases
InfoWave Share Repurchases (Zulu)
InfoWave delivers solid Interim Results -- 02/10/2007
Revenue grew 5,5% over the comparative
period in the prior year to R27,4 million. Profit attributable to ordinary shareholders
grew 16% to R3,1 million (R2,6 million) as well
as earnings per share which grew to 3,55 cents
per share (3,05 cents) on the comparative
period in the prior year.
Associated company Adapt-IT, which focuses predominantly in
the public sector, performed well, growing profit by 24%. The
group’s share of profit after tax was R0,37 million.
With a strong balance sheet, a thriving business model and a significant pipeline of project work, the prospects of the group for the remainder of the financial
year are sound.
Download our 2007 Interim Results in pdf format
2007 Annual Report
Download our 2007 Annual Report in pdf format -- 651kb
You can also download the Annual Report in the following sections:
|
Directorate, Group Structure, Group Profile, Statistical Review, Value added statement, Employment Equity -- 389kb |
|
Directorate & Officers, Report to Stakeholders -- 66kb |
|
Corporate Governance -- 33kb |
|
Independent Auditors Report, Company Secretary's certificate, Shareholders Diary, Directors Report -- 37kb |
|
Annual Financial statements -- 79kb |
|
Share option scheme, Notice of meeting, Form of Proxy --101kb |
