Corporate Announcements

Notice to Members Notice is hereby given that the 70th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue / Jason Moyo Street, Bulawayo, 11th July 2019 at 09.00 hours. Following is the Agenda for the meeting:- Ordinary Business By order of the Board 30 May […]

Reference is made to the notices published by Edgars Stores Limited (“Edgars”; or “the Company”) on 22 January 2019 regarding the results of the Extraordinary General Meeting (EGM) of Edgars’ shareholders where shareholders approved the proposed transaction by the required majorities and the conditions precedent that the Company needed to achieve to conclude the proposed […]

The Board has declared a dividend of RTGS 0.5 cents per share to shareholders reflected in the company’s register on the record date being 3 May 2019. Shares will trade cum-div until 29 April 2019 and ex-div from 30 April 2019. The payment date will be the 31st of May 2019. Shareholders will have an […]

The Directors of Edgars Stores Limited wish to advise shareholders that as per the Notice published on the 21st of December 2018, the company held the Extraordinary General Meeting of shareholders on the 16th of January 2019. The results of the voting on the proposed resolutions are as follows: Resolution Result 1 THAT, the Company […]

NOTICE OF THE EXTRAORDINARY GENERAL MEETING OF THE MEMBERS OF EDGARS STORES LIMITED Notice is hereby given that an Extraordinary General Meeting (“EGM”) of the members of the Company will be held at 10:00 hours on Wednesday 16 January 2019, at the Edgars Training Auditorium, 1st Floor, LAPF House, 8th Avenue and Jason Moyo Street, […]

The Directors of Edgars Stores Limited wish to advise all shareholders that the Company is still engaged in discussions that may result in a transaction which may have a material impact on the value of the Company’s shares. The Directors therefore advise shareholders to exercise caution when trading their Edgars Stores Limited shares and should […]

The Directors of Edgars Stores Limited wish to advise all shareholders that the Company is still engaged in discussions that may result in a transaction which may have a material impact on the value of the Company’s shares. The Directors therefore advise shareholders to exercise caution when trading their Edgars Stores Limited shares and should […]

CHAIRMAN’S STATEMENT Despite the challenging environment of foreign currency shortages and the threat this has on margins and merchandise assortments, the Group’s sales of merchandise has grown from $24.1m in the half year to June 2017 to $31.1m in the same period in 2018, an increase of 29%. Group margins were at 43% (2017:42%). The […]

The Directors of Edgars Stores Limited wish to advise all shareholders that the Company is engaged in discussions that may result in a transaction which may have a material impact on the value of the Company’s shares. The Directors therefore advise shareholders to exercise caution when trading their Edgars Stores Limited shares and should consult […]

The Group’s turnover has grown by 37% on last year and 10% on budget. This is pleasing in the constrained environment of foreign currency shortages and the negative impact this has on margins and merchandise assortments. Growth in turnover has slowed due to underplanning of winter assortments in the Jet chain and Edgars has been […]

Notice is hereby given that the 69th Annual General Meeting of members will be held at Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo Street, Bulawayo, 7th June 2018 at 09.00 hours. Following is the Agenda for the meeting:- Ordinary Business 1. To approve minutes of the Annual General Meeting held on 7 June 2017. […]

The Board has declared a final dividend of US 0.33 cents per share payable in respect of all ordinary shares of the Company. This dividend is in respect of the financial year ended 7 January 2018 and will be payable in full to all the shareholders of the Company registered at the close of business […]

CHAIRMAN’S STATEMENT Good merchandise assortments and a resurgent consumer spend assisted the Group to end the first half on a positive note. Revenue of $24.7 million (2016: $23.1 million) increased by 7% from the same period last year. Group gross profit margin of 43% reduced by 1% from the same period last year. The Group’s […]

The operating environment remains tough with foreign currency shortages, cash shortages and depressed consumer demand.The business is performing within forecast. New stores No new stores have been opened YTD.We are currently revamping Stanley House, First Street Harare. This will be completed in August.Following that we will be converting the Edgars Rusape Branch to a Jet […]

The Board of Directors of Edgars Stores Limited is pleased to release the 2017 annual report. Below are excerpts from the Chairman’s Report. Chairman’s Statement Improvements in merchandise assortments, customer service, promotions, revamps and the new political dispensation together with utilisation of excess RTGS balances resulted in improved consumer confidence which contributed to a stronger […]

Notice is hereby given that the 63rd Annual General Meeting of members will be held at the Royal Harare Golf Club, 5th Street Extension, Harare on Wednesday, 6 June 2012 at 08.30 hours:- Ordinary Business Special Resolution That the company hereby approves, as a general approval contemplated in sections 78 and 79 of the Companies […]