Corporate Announcements

Edgars Stores Limited would like to advise shareholders that the company will not be able to publish year end results for the 52 weeks ended 05 January 2020 by the 30th of March 2020 per the ZSE listing rules. The delay has been a result of IAS 29 work that will take longer than anticipated. […]

The Directors of Edgars Stores Limited (“Edgars” or “the Company”) wish to advise all shareholders and the investing public that the company is engaged in discussions that involve a potential transaction that may have a material impact on the value of the Company’s shares. The transaction involves raising capital for the Company’s expansion initiatives through […]

The Group’s YTD turnover to September 2019 increased by 154% on last year while units sold were down 23%. The Group has not been spared from the impact of diminishing consumer purchasing power. EBITDA at $52.5 million was 604% up from last year. Inventory: The business is adequately stocked to meet the festive season demand. […]

The Company has received notice from SSCG Africa Holdings Limited that it has recently concluded a transaction in which it has acquired from Edcon Limited 127,138,510 shares (through Bellfield Limited) representing approximately 41,07% of the issued share capital of the Company. By Order of the Board B MpofuCompany SecretaryEdgars Stores Limited

CHAIRMAN’S STATEMENT FINANCIAL OVERVIEW Consumer spending was supressed, and continues to slow down, due to depressed salaries purchasing power. The business recorded negative unit growth, with only April and May performing positively in unit terms. In June, positive performance was again negatively affected by the introduction of mono currency. Cumulatively, units for the first half […]

Edgars Stores Limited would like to advise shareholders that it will not be able to publish its half year results to 30 June 2019 within the stipulated time frame which is ending on 30 September 2019. The delay has been caused by an internal system consolidation and we would like to assure our stakeholders that […]

The Group’s YTD PAT to May 2019 grew to Z$ 8.7million from $1.3 million last year while EBITDA increased by 524% to $16.3 million. Turnover was up 90% on last year but unit sales decreased by 16% with recent improvement for the Jet chain with positive unit growth for April of 6% and May, 10% […]

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 […]