Financial Services Authority (FSA ) regulated, License No SD003

Annoucements

 

SACOS Group Ltd

Incorporated in the Republic of the Seychelles

Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC

("SACOS" or "the Company")

 

Market Announcement

Notice is hereby given that the 12th AGM of Sacos Group Limited will be held at the STC Conference Room, Latanier Road on Wednesday 31 October 2018 at 10am.

 

A dividend of SCR1.50 per share has been recommended by the Board from reserves in respect of the year ended 31st December 2017 subject to approval at the AGM and payable on 15 November 2018 to shareholders on the company’s register of members as at the close of business on Wednesday 31 October 2018.

 

The accounts were circulated on 10 August 2018.

 

The relevant dates for the payment of dividend are as follows:

 

  • Finalisation date: Wednesday 31 October 2018
  • Last day to trade cum-dividend: Wednesday 31 October 2018
  • Shares commence trading ex-dividend: Friday 2nd November 2018
  • Record date: Wednesday 31 October 2018
  • Payment date: Thursday 15 November 2018

 

Please contact the Sponsor Advisor if you need any clarity in this regard.

Eden Island

Seychelles

 

1 October 2018

 

Sponsor Advisor

Constant Capital (Seychelles) Ltd

info@constant.sc

 

Proxy Form SACOS
Proxy Form SACOS1
SACOS_Notice of 12TH AGM_MODIFIED DAY
Trop-X Schedule11-2018

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

The Company would like to announce that Mr Jean Claude D’Offay has resigned as a non- executive director of Sacos Group as of 31st August 2018. Mr D’Offay, a retiree, has been a director of Sacos since 11th December 2009.

 

Shareholders are also advised that Mr Mark Sinovich has informed the Company of his intention to step down from his position as Chief Financial Officer effective 14th September 2018 to pursue other interests. In light of this, he has also resigned as a director on the board as of that date.

 

The board would like to thank Mr Jean Claude D’Offay and Mr Mark Sinovich for their service and dedication and wish them success in their future endeavours.

 

The board is in the process of appointing their replacements.

Please contact the Sponsor Advisor if you need any clarity in this regard. Eden Island

Seychelles

 

7 September 2018

 

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

Sacos Group Limited

Financial Statements For The Year Ended 31st December 2017

Sacos Group AFS 2017 12 31- Signed1

BODCO Limted

Financial Statements For The Half Year Ended 30th June 2018

BODCO- June 2018 Financial Statements

 

BODCO Ltd

Incorporated in the Republic of the Seychelles Registration Number 841059-1

ISIN Number: SC7935AGEJ10

Trop-X Share Code: BOD ("BODCO" or "the Company")

 

Notice of Annual General Meeting (“AGM”)

NOTICE IS HEREBY GIVEN that Bodco Limited will hold its 51stAnnual General Meeting at the Company Conference Room, Bodco Complex, Harbour Trading Estate, Veloutier Road, Victoria, Mahé, Seychelles at 2.00pm on Monday the 21st May 2018 for the following purposes:

  • To receive, consider and adopt the audited Annual Financial Statements for the Company for the year ended the 31st December 2017;
  • To re (appoint) auditors and fix their remuneration;
  • To re (appoint) Director(s);

and

  • To transact any other business

The record date is the close of trade on Trop-X, the Seychelles Securities Exchange, on the 17th May 2018. All shareholders registered at that time are encouraged to attend.

Dated this the 17th April 2018

For any queries in this regard please contact the Sponsor Advisor:

 

 

Constant Capital (Seychelles) Ltd info@constant.sc

Ph. +248 434 6820

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Change in Significant Shareholder Declaration

As per Trop-X’s Listing Requirements, (LR4.4), whenever an investor becomes a significant shareholder or when there are any changes in the holding of a significant shareholder that results in a change of 1% or more, it is required that an announcement is made to the market.

The following transaction, which amounts to 5.171% of the issued share capital of Sacos Group Ltd, took place on the Exchange yesterday, Monday 09th April 2018:

Seller: Bluebird Investissements Limited

171 Old Bakery Street Valletta

VLT 1455 MALTA

 

Amount: 103423

Share Price: SCR110,00 per share

 

Buyer: Swan International Ltd Swan Centre

10 Intendance Street Port Louis

Mauritius

 

Amount: 103423

Share Price: SCR110,00 per share

 

 

Sponsor Advisor

 

Email: info@constant.sc Eden Island

Seychelles 10th April 2018

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

Shareholders are advised that the company, as of 20th March 2018, has appointed Pool & Patel as their auditor. The change in auditors is for business reasons.

Unfortunately, due to various circumstances, the publication of the audited Annual Financial Statement for 2017 will be delayed. The company expects to be able to publish the Statement by the end of July 2018.

 

Please contact the Sponsor Advisor if you need any clarity in this regard.

 

Eden Island Seychelles

28th March 2018

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

Sea Harvest Investment Group PLC Incorporated in the Republic of the Seychelles Registration Number 134272

ISIN Number: SC7552DHAH89

Trop-X Share Code: SHI

("SHI PLC" or "the Company")

 

Market Announcement – SHI PLC AGM

Notice is hereby given that the Sea Harvest Investment Group PLC (“SHI PLC”) Annual General Meeting will be held in the Trop-X Boardroom, 1st floor, Eden Plaza on Thursday 22 February 2018 at 11am.

 

Last date for trades will be Tuesday 6th February 2018.

 

All shareholders are invited to attend.

Please contact the Sponsor Advisor if you need any clarity in this regard. Eden Island

Seychelles

1 February 2018

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

Tel: 43454472

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

The company would like to announce that Mr Mark Inch has resigned as a non- executive director of Sacos Group as of 28th December 2017.

Please contact the Sponsor Advisor if you need any clarity in this regard.

 

Eden Island

Seychelles

5 January 2018

 

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

Shareholders are advised that the company has requested a voluntary suspension of trade in its shares on Trop-X. This request has been granted.

The company has decided to take this precaution due to the delay in the auditors completing the 2016 audit. This delay is likely to cause a certain measure of uncertainty among the investing public.

Consequently, the company believes it is in the shareholders best interest to suspend trading in its share until all information become public knowledge.

The company will request a lifting of the suspension once the audited financial statement have been published.

Please contact the Sponsor Advisor if you need any clarity in this regard. Eden Island

Seychelles

10 October 2017

 

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

The company would like to announce that Mr John Esther, CEO of Sacos has elected not to renew his contract, which ends on the 30th November 2017 in mutual agreement with the board of directors. He will be taking up new challenges in the new year.

 

The company wishes to announce that as from 1 December 2017, Ms Jenifer Morel will be appointed Chief Executive Officer of Sacos Insurance Group.

Please contact the Sponsor Advisor if you need any clarity in this regard. Eden Island

Seychelles

9th November 2017

 

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

SACOS Group Ltd

Incorporated in the Republic of the Seychelles

Registration Number 820521-1

ISIN Number: SCI 31 1 OOI 004

Trop-X Share Code: SAC

("SACOS" or "the Company")

 

Market Announcement

The company would like to announce the appointment of Mr Bernard Adonis as a nonexecutive director effective 25th September 2017.

Please contact the Sponsor Advisor if you need any clarity in this regard.

 

Eden Island

Seychelles

27 September 201 7

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

 

Shareholders are advised that the preparation of the company's 2016 audited financial accounts will be delayed beyond the 30th September as per the public announcement of 14th September. Consequently, the publication of the half yearly interim accounts will also be delayed.

Please contact the Sponsor Advisor if you need any clarity in this regard.

Eden Island

Seychelles

26 September 2017

 

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

The board believes that full disclosure and transparency of the financial performance of Sacos is crucial for the investing public and the need to ensure that it satisfies all of Trop-X's listing requirements. Consequently, it is has deemed it necessary to make the following disclosures:

The preparation of the Annual Financial Statements is ongoing, and as per the public announcement of 1st September 2017, are now expected to be completed by the 30th September 2017. A number of factors have contributed to the delay, but the most significant being that the company has initiated an internal restructuring program in preparation for the amalgamation of its businesses in order to improve efficiencies and performance. This process was as approved by shareholders, and publicized on the 27th April 2017. The restructuring process has involved substantial additional work for the finance team of Sacos and ultimately for its new Auditors.

The board’s primary objective in this exercise is to ensure that the financial statements are fully compliant with the international best practice reporting standard as set out by International Financial Reporting Standards (IFRS). Compliance with IFRS has necessitated a number of adjustments to not only the presentation of these statements, but also the fundamental assumptions that form the basis of the numbers.

Consequently, we have undertaken a comprehensive re-evaluation of all Sacos' assets, including the company's property portfolio, including those held by its subsidiaries, to bring it in line with IFRS principles. This process has meant that the book value of certain properties have been adjusted, and in certain cases the values have been adjusted downwards. The board believes these adjustments will better reflect the true position of the company, but it will not negatively impact on the long term financial performance of the Sacos Group.

Owing to the decrease in the book value of the property assets in Sacos Group's wholly owned subsidiary, Sacos Life Assurance Company Ltd, the Life business will be in a position where from an actuarial valuation perspective looking at its long term liabilities exceeds its assets, impacting the solvency of the business. The underlying business remains sound and is expected to recover from this shortfall within 3 years.

In order to address this short term deficit, caused by this adjustment in property valuation, Sacos has discussed with the FSA on the 6th September, and received the latter’s support of its remediation plan. The main element of the remediation, given the robustness of the underlying business, involves the sale, by the Sacos Life Assurance Company, of preference shares to Sacos Group. It is expected that this sale could be in excess of 10% of the value of the Group.

.The Board is enforcing a closed period for affected Sacos staff, which prohibits them from trading in Sacos shares until the audited financial statements are published.

The Board will continue to keep its shareholders and general public updated in this matter

Please contact the Sponsor Advisor if you need any clarity in this regard.

 

Eden Island Seychelles

08 September 2017

 

Sponsor Advisor

Constant Capital (Seychelles) Ltd info@constant.sc

CCCS Communique to the Subscribers

14th September 2017

 

The allocation of the shares was effected as per the Shareholding Structure elaborated in the Prospectus released to the public on the 26th June 2017.

Based on a total equity of 12M USD through the offering of 12,000 shares at 1,000 USD, the subscription received and allocated by CCCS Steering Committee is as follow:

 

 

2017-09-14 CCCS Communique to Subscriber 3

SACOS Group Ltd

Incorporated in the Republic of the Seychelles

Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC

("SACOS" or "the Company")

 

 

 

Market Announcement

 

Shareholders are advised that the preparation of the company’s 2016 audited financial accounts has been further delayed. The company has new auditors who have been applying a much higher disclosure standard in accordance with their interpretation of IFRS. Henceforth, the company is being required to consolidate the Life accounts with the Group accounts on a line by line basis contrary to the prior practice of consolidating on a one line basis in both the Balance Sheet and Income Statement. Consequently, this has necessitated additional work for the company which is further delaying the preparation of the audited financial statements.

The company expects to publish the audited accounts by the end of September 2017. This will affect the timing of the annual general meeting.

Please contact the Sponsor Advisor if you need any clarity in this regard.

 

Eden Island

Seychelles

01 September 2017

 

Sponsor

Constant Capital (Seychelles) Ltd info@constant.sc

 

BODCO announced their interim results this week.

The results show a dramatic improvement in the profitability of the business over last year’s performance, and cash flow has increased favourable. If this trend in maintained, then BODCO will show a solid performance in their 51st year of business.

Interim accounts bodco june 2017

Following the Public Presentation of the CCCS Project on May 17th 2017 at STC

conference room, the CCCS share offering prospectus has been submitted to the

Financial Service Authority (FSA) for assessment as per the requirement of Securities

Act 2007 and the Securities (Prospectus) Regulations 2008.

The prospectus has been approved for release to the Public as today June 26th.

Interested Investors are invited to submit a Request for CCCS Share Documentation by

email or collect hard copies of the documentation from:

Constant Capital

1st Floor, F29 Eden Plaza, Eden Island, Mahé, Seychelles

Office: +248 434 5447

Email: sales@constant.sc

 

The CCCS Share Documentation include the following and can be downloaded below by pdf.

1. CCCS Offering Prospectus 26th June 2017

2. Individual Request

3. Entity Request

The below are available for collection from the office

5.CCCS Articles of Association

6. Audited FS 2015

7. Audited FS 2016

8. Consent of Auditors

Allocation forms must be returned by email to sales@constant.sc or the offices of

Constant Capital (F29 Eden Plaza, Eden Island, Mahé, Seychelles) by 17h00 Wednesday

12th July 2017.

Share Allotment will be done by the CCCS Steering Committee on July 13-14th 2017.

Following this, any successful applicants will be notified. Closing date for payment of

shares allotment will be July 26th or any subsequent date that may be officially

communicated in case of delay of completion of obtaining the conditions precedent

CCCS Offering Prospectus 26th June 2017
Individual Request for allocation
Entity Request for allocation

Publication of Seychelles Breweries Limited’s Interim Financial report for the half year ended 31st December 2016.

SBL 31 dec 2016 interims

SEYCHELLES BREWERIES LTD

In terms of the Trop-X Limited Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ significantly from the results of the previous corresponding reporting period.

SBL Trading Statement 3 Nov 2016

SACOS GROUP LIMITED 

RESIGNATION OF BASIL HOAREAU, NON-EXECUTIVE DIRECTOR

SACOS Basil Hoareau Resignation Announcement

SEA HARVEST INVESTMENT PLC

INTERIM FINANCIAL STATEMENTS AS OF 30th SEPTEMBER 2016.

SHI Interim AFS end-Sep 2016

SACOS GROUP LIMITED

BALANCE SHEET AS AT 30TH SEPTEMBER 2013

SACOS_Balance_Sheet_nov13

SACOS GROUP LIMITED

INTERIM CASH FLOW STATEMENT FOR THE MONTH ENDED 30 SEPTEMBER 2013

SACOS_Cashflow_statement_nov13

SACOS Group Limited
Statement of changes in equity as at 30th September 2013

SACOS_Change_statement_nov13

 

Prepared by Constant Capital (Seychelles) Limited, and issued in terms of the Listings Requirements of Trop-X relating to the listing of all the issued ordinary shares of SACOS on Trop-X.

SACOS

SACOS GROUP LIMITED 

 

Intern Income Statement for the nine (9) months ended 30 September 2013.

SACOS_Income_statement_nov13

 

Prepared by Constant Capital (Seychelles) Limited, and issued in terms of the Listings Requirements of Trop-X relating to the listing of all the issued Ordinary Shares of BODCO on Trop-X.

Bodco_Final1