Announcement • Feb 28
Premier Group Limited has completed a Follow-on Equity Offering in the amount of ZAR 999.999855 million. Premier Group Limited has completed a Follow-on Equity Offering in the amount of ZAR 999.999855 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,633,802
Price\Range: ZAR 177.5 Upcoming Dividend • Jan 14
Upcoming dividend of R1.59 per share Eligible shareholders must have bought the stock before 21 January 2026. Payment date: 26 January 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of South African dividend payers (7.2%). Lower than average of industry peers (4.3%). Price Target Changed • Jan 08
Price target increased by 9.0% to R181 Up from R166, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of R174. Stock is up 34% over the past year. The company is forecast to post earnings per share of R11.28 for next year compared to R9.36 last year. Reported Earnings • Nov 16
First half 2026 earnings released: EPS: R5.58 (vs R4.38 in 1H 2025) First half 2026 results: EPS: R5.58 (up from R4.38 in 1H 2025). Revenue: R10.3b (up 6.4% from 1H 2025). Net income: R719.1m (up 27% from 1H 2025). Profit margin: 7.0% (up from 5.8% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Food industry in South Africa. Announcement • Oct 16
Premier Group Limited (JSE:PMR) entered into a transaction implementation agreement to acquire RFG Holdings Limited (JSE:RFG) from Capitalworks entities, Bruce Henderson Trust and others for ZAR 5.7 billion. Premier Group Limited (JSE:PMR) entered into a transaction implementation agreement to acquire RFG Holdings Limited (JSE:RFG) from Capitalworks entities, Bruce Henderson Trust and others for ZAR 5.7 billion on October 15, 2025. The consideration consists of (i) the issue by Premier of ordinary shares in Premier (“Premier Shares”), in the ratio of 1 Premier Share for every 7 RFG Shares (“Share Swap Ratio”); and (ii) a cash amount in respect of any fractional entitlement to Premier Shares. The Share Swap Ratio is based on a reference price of ZAR 22.00 per RFG Share and a reference price of ZAR 154.00 per Premier Share. Following implementation of the Scheme (as defined below), RFG Shareholders will receive Premier Shares and become shareholders in Premier holding an aggregate 22.5% stake in the combined group, and the listing of the RFG Shares on the Main Board of the securities exchange operated by the JSE Limited (“JSE”) will be terminated (“Delisting”). A break fee equivalent to 1% of the value of the aggregate Scheme Consideration shall be payable. The Scheme is subject to the fulfilment or waiver of the conditions precedent i.e, subject to the RFG Shareholders at a general meeting, the approval of the Transaction by the competition authorities in the relevant jurisdictions, including in South Africa, Eswatini, Namibia and Botswana; and the approval of the JSE of the Transaction to the extent required in terms of the JSE Listings Requirements, The Scheme shall terminate with immediate effect upon the occurrence of any of the events i.e, the RFG Independent Expert Report states that the Scheme and the Scheme Consideration are fair and reasonable, but the RFG Independent Board (as defined below) concludes that the Scheme Consideration is not fair and/or reasonable, if the RFG Independent Board recommends an Alternative Transaction (defined below) to the RFG Shareholders. The Transaction constitutes a category 2 transaction for Premier in terms of the JSE Listings Requirements, and accordingly, the approval of Premier's shareholders for entering into and implementing the Transaction is not required.
Valeo Capital Proprietary Limited is independent expert to the RFG Independent Board, The Premier independent board of directors appointed BDO Corporate Finance Proprietary Limited as the independent expert. Rand Merchant Bank acted as financial advisor, Webber Wentzel acted as legal advisor to RFG, DLA Piper Advisory Services Proprietary Limited acted as legal advisor, Primerio International Limited acted as Competition law adviser to Premier. Price Target Changed • Aug 28
Price target increased by 10% to R165 Up from R150, the current price target is an average from 2 analysts. New target price is 16% above last closing price of R142. Stock is up 86% over the past year. The company is forecast to post earnings per share of R10.68 for next year compared to R9.36 last year. Announcement • Jul 26
Premier Group Limited, Annual General Meeting, Sep 03, 2025 Premier Group Limited, Annual General Meeting, Sep 03, 2025. Location: premier head office, building 5, maxwell office park, magwa crescent west, waterfall city, midrand, johannesburg South Africa Upcoming Dividend • Jul 02
Upcoming dividend of R2.71 per share Eligible shareholders must have bought the stock before 09 July 2025. Payment date: 14 July 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of South African dividend payers (8.3%). Lower than average of industry peers (4.1%). Reported Earnings • Jun 11
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: R9.36 (up from R7.15 in FY 2024). Revenue: R19.9b (up 7.0% from FY 2024). Net income: R1.21b (up 31% from FY 2024). Profit margin: 6.1% (up from 5.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in South Africa. Announcement • Jun 11
Premier Group Limited announces Annual dividend, payable on July 14, 2025 Premier Group Limited announced Annual dividend of ZAR 2.7100 per share payable on July 14, 2025, ex-date on July 09, 2025 and record date on July 11, 2025. Announcement • Jun 10
Premier Group Limited (JSE:PMR) completed the acquisition of 13.30% stake in ZEN Commodities Trading DWC-LLC for AED 0.04 million. Premier Group Limited (JSE:PMR) acquired 13.30% stake in ZEN Commodities Trading DWC-LLC for AED 0.04 million on December 1, 2024. A cash consideration of AED 0.04 million will be paid by Premier Group Limited. As part of consideration, AED 0.04 million is paid towards common equity of ZEN Commodities Trading DWC-LLC.
Premier Group Limited (JSE:PMR) completed the acquisition of 13.30% stake in ZEN Commodities Trading DWC-LLC for AED 0.04 million on December 1, 2024. New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Mar 24
Premier Group Limited to Report Fiscal Year 2025 Results on Jun 10, 2025 Premier Group Limited announced that they will report fiscal year 2025 results on Jun 10, 2025 Recent Insider Transactions • Feb 13
CEO & Executive Director recently bought R999k worth of stock On the 10th of February, Jacobus Gertenbach bought around 8k shares on-market at roughly R125 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jacobus has been a buyer over the last 12 months, purchasing a net total of R2.0m worth in shares. Announcement • Oct 18
Premier Group Limited Provides Enrings Guidance Six Months Ended 30 September 2024 Premier Group Limited provided enrings guidance six months ended 30 September 2024. For the period, the company expected earnings per share (EPS) of 415 cents to 441 cents and headline earnings per share (HEPS) of 414 cents to 440 cents. Announcement • Oct 17
Premier Group Limited to Report First Half, 2025 Results on Nov 12, 2024 Premier Group Limited announced that they will report first half, 2025 results on Nov 12, 2024 New Risk • Sep 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R95.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Food industry in Africa. Total returns to shareholders of 56% over the past year. Announcement • Sep 07
Premier Group Limited Announces Board Appointments Premier Group Limited at the annual general meeting held on 4 September 2024 approved election of Ms F Khanyile as a member of the Social and Ethics Committee; Election of Mr. J Matthews as a member of the Social and Ethics Committee; Election of Mr. W Sihlobo as a member of the Social and Ethics Committee. Price Target Changed • Aug 30
Price target increased by 11% to R90.00 Up from R81.00, the current price target is an average from 2 analysts. New target price is 20% above last closing price of R75.01. Stock is up 29% over the past year. The company is forecast to post earnings per share of R8.84 for next year compared to R7.15 last year. Recent Insider Transactions • Aug 02
CEO & Executive Director recently bought R992k worth of stock On the 29th of July, Jacobus Gertenbach bought around 13k shares on-market at roughly R73.98 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jacobus' only on-market trade for the last 12 months. Announcement • Jul 27
Premier Group Limited, Annual General Meeting, Sep 04, 2024 Premier Group Limited, Annual General Meeting, Sep 04, 2024. Location: the premier head office, building 5, maxwell office park, magwa crescent west, waterfall city, midrand, johannesburg South Africa Announcement • Jun 13
Premier Group Limited Declares Cash Dividend for the Year Ended 31 March 2024, Payable on 5 August 2024 Premier Group Limited announced that a final gross dividend of 220 cents per share has been declared out of the Company's reserves in respect of both the ordinary shares of no-par value and the unlisted "A" and "A1" ordinary shares of no par-value, for the year ended 31 March 2024. This equates to a final gross dividend of ZAR 283.6 million in respect of the ordinary shares and ZAR 2.6 million in respect of the "A" ordinary shares. A dividend withholding tax of 20% or 44 cents per share will be applicable, resulting in a net dividend of 176 cents per share, unless the shareholder concerned is exempt from paying dividend withholding tax or is entitled to a reduced rate in terms of an applicable double-tax agreement. Record date is 2 August 2024, payment date is 5 August 2024. First day to trade ex-dividend is 31 July 2024. Reported Earnings • Jun 12
Full year 2024 earnings released: EPS: R7.15 (vs R6.30 in FY 2023) Full year 2024 results: EPS: R7.15 (up from R6.30 in FY 2023). Revenue: R18.6b (up 3.6% from FY 2023). Net income: R921.1m (up 16% from FY 2023). Profit margin: 5.0% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Food industry in South Africa. Board Change • Mar 31
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Independent Non-Executive Director Corrie Roodt is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 20
Premier Group Limited has filed a Follow-on Equity Offering in the amount of ZAR 750 million. Premier Group Limited has filed a Follow-on Equity Offering in the amount of ZAR 750 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Regulation S; Subsequent Direct Listing Announcement • Mar 19
Premier Group Limited has completed a Follow-on Equity Offering in the amount of ZAR 750 million. Premier Group Limited has completed a Follow-on Equity Offering in the amount of ZAR 750 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Regulation S; Subsequent Direct Listing Announcement • Mar 07
Premier Group Limited to Report Fiscal Year 2024 Results on Jun 11, 2024 Premier Group Limited announced that they will report fiscal year 2024 results on Jun 11, 2024 Announcement • Jan 31
Premier Group Limited Announces the Appointment of Daniël Dirk Ferreira as Member of the Remuneration and Nomination Committee Premier Group Limited announced that with effect from 1 February 2024, Mr. Daniël Dirk Ferreira, an independent, non-executive director of the Board, will be appointed as a member of the Remuneration and Nomination Committee. The Remuneration and Nomination Committee will therefore be reconstituted as follows: Mr. Jonathan Matthews (Chairman); Mr. Daniël Dirk Ferreira and Mr. Iaan Van Heerden. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R72.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Food industry in South Africa. Simply Wall St's valuation model estimates the intrinsic value at R72.17 per share. Announcement • Jan 17
Premier Group Limited Announces Change of Company Secretary Premier Group Limited announced that Ms. Margaretha Stoltz will retire as Company Secretary of Premier, with effect from 17 January 2024. She will, however, continue to serve in her role as Legal Executive of the Company, which position she has occupied since 1 September 2011. In addition, Premier announced the appointment of Ms. Bronwyn Baker as Group Company Secretary, with effect from 17 January 2024. Bronwyn holds a Bachelor of Arts degree (Law and Psychology), has completed several programmes through the Chartered Governance Institute of Southern Africa and is in the process of studying towards a Graduate Diploma in Applied Governance offered by the Governance Institute of Australia. Bronwyn was the Corporate Governance Manager of Premier from March 2022 until September 2023, has extensive experience in company secretarial and governance matters and was previously the company secretary of Redefine Properties Limited and interim company secretary to Attacq Limited. Announcement • Dec 14
Premier Group Limited Appoints Daniël Dirk Ferreira as an Independent, Non-Executive Director Premier Group Limited announced that Mr. Daniël Dirk Ferreira has been appointed as an independent, non-executive director of the company, effective 12 December 2023. Daan is a Chartered Accountant (South Africa) and a registered member of SAICA and holds BCom and BCompt (Hons) degrees. Daan held numerous financial and executive roles, where he gained extensive experience in operational, financial management and group accounting and tax matters. He joined Astral Foods Limited in 2001 as group financial manager and has been instrumental, amongst others, in setting up group reporting structures for financial management and statutory reporting, group tax matters and establishing internal financial policies. In May 2009, he was appointed Chief Financial Officer of Astral, a position he occupied until his retirement in February 2023. Reported Earnings • Nov 17
First half 2024 earnings released First half 2024 results: EPS: R3.26. Net income: R424.6m (up R424.6m from 1H 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Food industry in South Africa. Announcement • Oct 15
Clients of Allan Gray Proprietary Ltd. acquired unknown minority stake in Premier Group Limited (JSE:PMR). Clients of Allan Gray Proprietary Ltd. acquired unknown minority stake in Premier Group Limited (JSE:PMR) on October 13, 2023. Post completion of the transaction, total interest in the ordinary shares of the Company held by Allan Gray's clients now amounts to 10.0021% of the total issued ordinary shares of the Company.Clients of Allan Gray Proprietary Ltd. completed the acquisition of unknown minority stake in Premier Group Limited (JSE:PMR) on October 13, 2023. Buying Opportunity • Oct 09
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be R73.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Buying Opportunity • Sep 21
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be R73.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Announcement • Sep 06
Premier Group Limited Announces Election of Mr. W Sihlobo as A Member of the Social and Ethics Committee Premier Group Limited announced that at its Annual General Meeting held on 5 September 2023 approved election of Mr. W Sihlobo as a member of the Social and Ethics Committee. Buying Opportunity • Aug 30
Now 20% undervalued Over the last 90 days, the stock is up 4.8%. The fair value is estimated to be R73.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Buying Opportunity • Aug 10
Now 20% undervalued Over the last 90 days, the stock is up 3.6%. The fair value is estimated to be R72.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 91%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Announcement • Aug 08
Premier Group Limited Announces Board and Committee Changes Premier Group Limited announced that Mr. Corrie Roodt has elected to resign as Chairman of the Premier Board of Directors (Board) with effect from and following the conclusion of the Company's Annual General Meeting (AGM) to be held on Tuesday, 5 September 2023. Mr. Roodt successfully chaired the Company and ushered it into its new listed phase and will for continuity and to ensure an effective succession process, remain an independent, non-executive director of the Board until 31 March 2024 (i.e.: until the end of the Company's current financial year). Mr. Iaan van Heerden, currently a non-executive director, has been appointed as the new Chairman of the Board with effect from the conclusion of the AGM. Mr. van Heerden has been an important and integral part of the Board since his appointment in June 2021 and the Company is confident that he will ably lead the Board in the future. In compliance with King IV and paragraph 3.84(b) of the JSE Listings Requirements, Ms. Faith Khanyile, currently an independent non-executive director, has been appointed as the Company's Lead Independent Director. This appointment will similarly take effect from the conclusion of the AGM. In addition, Mr. Rolf Hartmann has informed the Board that he will not make himself available for re-election at the AGM and will accordingly resign as a director of the Board with effect from the conclusion thereof. Following his resignation from the Board, he will simultaneously resign as a member of the Audit and Risk and Social and Ethics Committees, and as the Chair and a member of the Remuneration and Nomination Committee. Mr. Hartmann has served on the Board for a period of 16 years and has made an important and significant impact on Premier. RECONSTITUTION OF BOARD COMMITTEES: Pursuant to the above, and with effect from the conclusion of the AGM, the following changes have been made to the composition of Board committees: - Ms. Faith Khanyile has been appointed as a member of the Social and Ethics Committee; and - Mr. Jonathan Matthews has been appointed as the Chairman and a member of the Remuneration and Nomination Committee. The Board committees will therefore be reconstituted as follows: Audit and Risk Committee: Mr. Harish Ramsumer (Chairman); Ms. Faith Khanyile; Mr. Jonathan Matthews. Social and Ethics Committee: Mr. Wandile Sihlobo (Chairman); Ms. Faith Khanyile; Mr. Jonathan Matthews. Remuneration and Nomination Committee: Mr. Jonathan Mattews (Chairman); Mr. Corrie Roodt; Mr. Iaan Van Heerden. Announcement • Jul 29
Premier Group Limited, Annual General Meeting, Sep 05, 2023 Premier Group Limited, Annual General Meeting, Sep 05, 2023, at 14:00 South Africa Standard Time. Location: Premier Head Office, Building 5, Maxwell Office Park, Magwa Crescent West, Waterfall City, Midrand Johannesburg South Africa New Risk • Jul 17
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks High level of debt (103% net debt to equity). Less than 3 years of financial data is available. Board Change • Mar 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Chairman Corrie Roodt was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
