Seed Co Limited Trading Update for the year ended 31 March 2020

May 17th, 2020|

TRADING ENVIRONMENT This trading update is being done at a time when the world at large is under siege from the pandemic Covid-19 which has not spared any country including Zimbabwe. The pandemic which peaked globally and also affected Zimbabwe during the last quarter only served to worsen the already adverse socio-economic situation the country [...]

Seed Co 3rd quarter update: Reduction in sales volumes due to negative impact of low disposable incomes on consumer demand

February 4th, 2020|

Whilst no major policy changes were experienced during the reporting period, the country continued to face many challenges and the major ones were: late onset of the rain season which eventually became pronounced as a drought year local currency depreciation largely attributable to a mismatch between local money supply and availability of foreign currency Food [...]

Seed Co Limited HY20 Trading Update: Total volumes down 46%

January 3rd, 2020|

Preamble The accompanying financial results were restated to account for inflation in accordance with the requirements IAS 29 – Financial Reporting in Hyperinflationary Economies per the guidance issued by the Public Accountants and Auditors Board (PAAB) and the Institute of Chartered Accountants of Zimbabwe (ICAZ) on 11 October 2019 and 20 November 2019 respectively. The [...]

Seed Co Limited results of cash and scrip dividend elections: 79% opt for scrip

August 23rd, 2019|

By 16:00hrs on Friday 2 August 2019, the last time and date to receive dividend election forms, eligible shareholders elected to receive their dividend as follows: Dividend election Number of Shares per election New shares in lieu of dividend % Scrip option 192,123,965 2,501,505 79.08 Cash 50,838,425 - 20.92 Total shares in issue 242,962,390 2,501,505 [...]