WELCOME TO KAAP AGRI

After more than 100 years of providing quality products and reliable services to the agricultural sector, Kaap Agri today boasts an extensive footprint across South Africa and Namibia.   While many things have evolved over the last century, one thing remains constant – the Kaap Agri way of doing business.  We understand our clients’ needs, and strive to provide personal service and support that enriches their lives.

“At Kaap Agri the reason for our existence is that all our stakeholders should be better off because we exist”
– Sean Walsh, Managing Director

THE KAAP AGRI COMPANY PROFILE

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MARKTOE!

MARKtoe! is our own monthly product and lifestyle magazine, jam-packed with relevant, high-quality content. From farm-style recipes to in-depth features on some of South Africa’s favourite towns; tips and DIY guides to articles on outdoor living, pets and everything in between.

Read the latest issue here

TRADING OF SHARES

KAAP AGRI LIMITED (Reg No 2011/113185/06)

Notice is hereby given that the Board of Directors declared a final dividend of 68 cents per ordinary share for the period ending 30 September 2016 for payment to shareholders that are registered as such in the share register on the record date.

Important dates:

Last day of trading cum-dividend : 20 January 2017
Record date : 27 January 2017
Dividend Payable : 17 February 2017

Results can be viewed under “Corporate – Financial results”

KAAP AGRI LIMITED (Registration number 2011/113185/06)

As you are aware, the Registrar of Securities Services of the FSB during May 2014 by means of a proposed directive, indicated that “over-the-counter” trading platforms do not, in his opinion, conform to the requirements of the Financial Markets Act, 2012 (FMA).

On the 11th of July 2014 the FSB published a directive in terms of which they insisted that businesses operating “over-the-counter” platforms either stop trading, or apply for a trading licence, or apply for exemption from certain requirements of the FMA. Kaap Agri received temporary exemption, which expires shortly.

Against this background, Kaap Agri was compelled to review the manner in which trading of shares takes place, and a new system was developed which will come into operation on the 26th August 2015.

Trading will in future require bilateral negotiations between Purchasers and Sellers, and shareholders should note that the new operating procedures differ from the existing procedure in the following way:

  • Kaap Agri will provide investors with an internet-based service which will allow prospective investors to indicate their intention to buy or sell shares.
  • Once a prospective Purchaser and Seller have recorded their intention to buy or sell at the same price, they will both receive a written Sale of Share Agreement which has to be signed by each party within 48 hours. Purchasers and Sellers have the opportunity to negotiate with one another and a transaction is only concluded once the said Sale of Share Agreement has been signed by both parties.
  • The Purchaser must pay the purchase price directly into the Sellers bank account, but only once the Seller has provided Kaap Agri with the original share certificate and the securities transfer form.
    Kaap Agri will make every effort to provide you with a fast and effective service. Parties to a transaction will be provided with a contract, generated by the system, by e-mail or any other convenient method. Particulars of transactions, share prices, and a history snapshot indicating previous prices will be available on the website, as is the case presently.

Unfortunately Purchasers and Sellers initially have to sign a copy of the new rules before trading can take place. Please note that existing bids and offers to buy and sell will be cancelled on the 25th of August 2015, in order to implement the new system.

A copy of the rules will be available on the website from the 21st of August 2015 or can be obtained from Lizelle Bleeker at 022 931 8200. All queries with regard to the procedures can be addressed to Lizelle.

Reinhard Köstens
Company Secretary

Please note that a temporary exemption from the requirements to be licensed as an exchange was granted by the Registrar, until 31 August 2015, subject to certain conditions. Over-the-counter trading will therefor continue as in the past.

In the course of the following weeks certain changes to the share trading model will be implemented to place the Kaap Agri infrastructure outside of the ambit of an “exchange”, with minimum inconvenience to purchasers and sellers.

We will advise shareholders timeously of the proposed changes.

Please note that the temporary exemption from the requirements to be licensed as an Exchange granted by the Registrar of Securities services expires on 30 May 2015.

Kaap Agri proposed a new set of amended trading procedures to the Registrar, which is intended to ensure that the trading procedures do not fall within the definition of an “exchange” in terms of the Financial Markets Act. We are awaiting a response from the office of the Registrar.

Shareholders are advised that any future trading procedures (after 30 May 2015) would involve bilateral negotiations and direct transactions between purchaser and sellers, with administrative assistance from Kaap Agri. In this regard Kaap Agri will strive to support purchasers and sellers to enable them to buy or sell shares.

Please note that the Board of Directors of Kaap Agri Limited decided to change the company’s trading procedures and systems so that it cannot be defined as an “Exchange” in terms of the Financial Market Act, 2012.

New rules and procedures were developed and presented to the Financial Services Board. Their response is awaited.

Off Market Trades, Bids & Offers

CUSTOMER SERVICE

“People will forget what you said, people will forget what you did, but people will never forget how you made them feel”
– Maya Angelou

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