News Archive
New ICT Infrastructure Supplier ConvergeNet Holdings Ltd looks forward to Aggressive Market DemandJanuary, 2009ConvergeNet and its subsidiary companies have the proven skills, experience and capacity with which to assist the emerging markets of Africa and the Middle East in meeting the challenges they face when upgrading their ICT infrastructure and global connectivity. At the Connect Africa Summit in Kigali, 29 - 30 October 2007, the ITU and the African Development Bank (AfDB) agreed to collaborate on interconnecting all African capitals and major cities with ICT broadband infrastructure and to strengthen connectivity to the rest of the world by 2012. |
ConvergeNet announces impressive resultsNovember, 2008ConvergeNet Holdings Ltd achieved impressive results for the Financial Year ended the 31st of August 2008. The actual revenue exceeded the forecast in the circular to shareholders by 54% and attributable profit exceeded the forecast by 68% respectively. Mr Lester Peteni the Group Chairman, said that the results demonstrate that the strategy is working. Management expects the demand for its services to continue in spite of the global economic malaise and are planning for additional growth. |
Change to the board of directorsApril, 2008In compliance with section 3.59 of the Listings Requirements of the JSE Limited, the board of directors of ConvergeNet hereby announces the resignation of Mr Martin Deon van Rooyen from the board with effect from 7 April 2008. The board would like to thank Deon for his role in establishing the group during 2007 and wish him well for the future. |
ConvergeNet results exceed expectationsFebruary, 2008ConvergeNet announced its interim results on Friday the 18th of April 2008, full details of which are available in the Company News section on the Website. The group experienced strong demand for its services, products and solutions, which resulted in an increase in customer and market share for the period. This led to the group exceeding the expected results for the period. |
ConvergeNet is the best performing share on the JSE in 2007December, 2007According to a front page article in the Business Times section of the Sunday Times by Marcia Klein dated the 16th of December, ConvergeNet Holdings Ltd was the best performing share for 2007. |
ConvergeNet 2007 Annual Results meet expectationsNovember, 2007Notwithstanding a relatively short trading period the ConvergeNet Holdings Limited Group of companies performed well and the results reported have met the Group's expectations. The short period is a result of the different periods related to the effective dates of control of the acquisitions the Group concluded. The revenue for the period was R 170.196 million and the operating profit was R 21.027 million. The earnings per share were 2.37 cents. |
Results of the general meeting of shareholders, director appointments and salient dates announcementOctober, 2007Shareholders are advised that, at the general meeting of Vestor Investments Limited held on Monday, 27 August 2007 at 11:00, at Arcay House, Number 3 Anerley Road, Parktown, all the ordinary and special resolutions presented in the notice of annual general meeting were passed unanimously by the shareholders. |
Proposed change in name to convergenet holdings limited, posting of circular and notice of general meetingOctober, 2007Following announcements on SENS on 22 April 2007 relating to the acquisition of ConvergeNet SA (Proprietary) Limited, as part of the change in control, 26 April 2007 relating to the acquisition of Structured Connectivity Solutions (Proprietary) Limited, 28 May 2007 relating to the acquisition of Sizwe Africa IT Group (Proprietary) Limited and 02 July 2007 relating to the acquisition of Telesto, shareholders are advised that a circular, prepared in terms of the Listing Requirements of the JSE Limited, was posted to all shareholders on Thursday, 02 August 2007. |
Change of name of the company and result of offer to minoritiesAugust, 2007The directors are pleased to advise that the change of name of the company has been amended on the JSE lists from Vestor Investments Limited to ConvergeNet Holdings Limited, under share code CVN and ISIN code ZAE000102067, as previously advised. In addition, shareholders are advised that no minority shareholders accepted the offer made for the purchase of their shares, pursuant to the change in control of the company as depicted in the Vestor Investments Limited circular dated 3rd of August 2007. |
