|
2008
Sale of TrenStar South Africa - 13/05/08
|
Trencor's Textainer Reports Quarterly Results - 06/05/08
|
Trencor's Textainer Receives U.S. National Defense Transportation Association Quality Award - 05/05/08
|
Release of Textainer Results - 05/05/08
|
Trencor's Textainer Announces New 5-Year Financing Agreement - 23/04/08
|
Distribution of Annual Reports, No Change Statement and Notice of Annual General Meetings - 10/04/08
|
Trencor's Textainer Reports Refrigerated Container ("Reefer") Market Update - 03/04/08
|
Sale of TrenStar South Africa - 02/04/08
|
Textainer Annual Report for 2007 - 31/03/08
|
Sale of TrenStar, Inc's Asset Based Businesses in the US - 04/03/08
|
Trencor Dividend up 40% as Textainer Profits Grow 23% - 22/02/08
|
Textainer Results Released - 21/02/08
|
Release of Textainer Results - 15/02/08
|
Trencor's Textainer Re-Enters Refrigerated Container Market - 07/01/08
2007
Textainer Increases its Interest in Textainer Marine Containers Limited - 30/11/07
|
Release of Textainer Quarterly Results - 19/11/07
|
Textainer Initial Public Offering: Trencor's Resultant Interest - 19/11/07
|
Textainer Finalises Initial Public Offering on the NYSE - 10/10/07
|
Filing of Registration Statement for IPO by Textainer - 27/09/07
|
Trencor Lifts Interim Dividend after 55% Surge in Trading Profit - 23/08/07
|
Trencor's Textainer to Manage Capital Lease’s Container Fleet - 24/07/07
|
Report On Proceedings At Annual General Meetings - 23/05/07
|
Automatic Conversion of Trencor and Mobile Convertible Debentures into Ordinary Shares - 10/04/07
|
Distribution of Annual Reports, Notice of Annual General Meetings and Modifications to Reviewed Results - 05/04/07
|
Trencor Lifts Dividend By 42,5%; May List Textainer - 22/02/07
2006
6% Convertible Debentures Interest Payment No. 30 - 23/11/06
|
Trencor Increases Interim Dividend - 24/08/06
|
Capital Restructuring and Value Enhancing Initiatives - 23/08/06
|
Review of Capital Structure and Value Optimisation - 16/08/06
|
Trading Statement - 11/08/06
|
Trencor's Textainer To Manage Gateway's Container Fleet - 19/07/06
|
6% Convertible Debentures Interest Payment No. 29 - 25/05/06
|
Report On Proceedings At Annual General Meetings - 17/05/06
|
Distribution of Annual Reports and Notice of Annual General Meetings - 13/04/06
|
Trencor Puts Up Dividend After Excellent Year - 27/02/06
|
Trading Statement - 08/02/06
2005
6% Convertible Debentures Interest Payment No. 28 - 17/11/05
|
Trading Statement - 05/08/05
|
Trencor Interim Earnings Up - 18/08/05
|
Trading Statement - 05/08/05
|
6% Convertible Debentures Interest Payment No. 27 - 26/05/05
|
Report on Proceedings at Annual General Meetings - 25/05/05
|
No Change Statement and Notice of Annual General Meeting - 12/04/05
|
Trencor Profits from Bumper Container Trade - 28/02/05
|
Trading Statement - 10/02/05
|
Settlement of Income Tax Queries - 11/01/05
2004
Settlement of Income Tax Queries - 22/12/04
|
6% Convertible Debentures Interest Payment No. 26 - 25/11/04
|
Trencor Turnaround - 26/08/04
|
Trading Statement and Cautionary Announcement - 13/08/04
|
6% Convertible Debentures Interest Payment No. 25 - 27/05/04
|
TrenStar Chosen by Coors for Keg Management in the UK and Becomes UK’S Largest Keg Owner and First to
Offer Brewers Asset Pooling - 21/05/04
|
Annual General Meetings - 20/05/04
|
No Change Statement and Notice of Annual General Meeting -16/04/04
|
Exit From Trailer Manufacturing Business - 01/04/04
|
Strong Container Business Buoys Trencor's Dollar Profits - 04/03/04
|
Appointment of Director - 03/03/04
|
Trading Statement and Cautionary Announcement - 16/02/04
2003
Chairman/CEO -
23/12/03 |
6% Convertible Debentures Interest Payment No. 24
- 27/11/03 |
Probable Sale Of Equipment and Closure of
Trencor’s Parow Tank Container Factory - 27/11/03 |
TrenStar Closes US$34 Million in Funding to Expand Mobile Asset Management Solutions - 16/09/03 | Trencor Trading Income Holds Up Despite Stronger Rand - 21/08/03 | Trading Statement in Respect of the Six Months
Ended 30 June 2003 - 08/08/03
| 6% Convertible Debentures Interest Payment No.
23 - 28/05/03 | TrenStar’s
Keg Management Unit Selected by 100th Brewer - 09/05/03 | Making
Dollars and Sense out of Mobile Asset Management - 30/04/03
| Appointment of Managing Director
- 04/04/03 | Trencor Trading Income on the
Rise, But Stronger Rand Knocks Earnings - 10/03/03 | Trencor
Solutions launched as TrenStar South Africa -
11/02/03
2002
6% Convertible Debentures Interest Payment No. 22
- 28/11/02 | Change in Directorate - 20/11/02
| Trencor in R400 Million Beer Keg Deal with another
top UK Brewer - 16/09/02 | Trencor Operations
Grow But Stronger Rand Takes its Toll - 22/08/02 | STRATE:
Expiry of the Dispossessed Member’s Fund in September 2002 - 22/08/02
| 6% Convertible Debentures Interest
Payment No. 21 - 29/05/02 | Trencor Banking
Facilities - 10/05/02 | Trencor in R1 Billion
Beer Keg Deal with Top UK Brewer - 02/05/02 | Rand's
Decline Boosts Trencor's Earnings - 06/03/02 | Directorate
- 06/03/02
2001
Merger of Trencor's Henred-Fruehauf
Trailer Division with SA Truck Bodies - 20/12/01
| Trencor Banking Facilities - 10/12/01
| Textainer Completes Innovative US$600 Million Financing
- 05/12/01 | Tank Container Fleet under TPI’s
Management Transferred to Exsif – 01/12/01 | 6%
Convertible Debentures Interest Payment No. 20 - 30/11/01 |
Proposed Merger Of Trencor’s Henred-Fruehauf Trailer
Division with SA Truck Bodies -25/10/01 | Directorate
- 01/10/01 | Exchange Gains Boost Trencor
Results - 28/08/01 | Trencor Solutions Expands
Offshore with the Formation of Trenstar Inc - 23/08/01 | Interest
in Centricity Swopped for a Minority Stake in Descartes - 04/07/01
| Change of Auditors - 29/06/01 | 6%
Convertible Debentures Interest Payment No. 19 - 25/05/01 |
Trencor Lifts Earnings - 21/02/01
2000
6% Convertible Debentures Interest Payment
No.18 - 17/11/00 | Trencor Lifts
Headline Earnings - 31/08/00 | Trencor
Pick-Up Knocked By Losses From Factory Closure - 01/03/00
SALE OF TRENSTAR SOUTH AFRICA
13 May 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
|
|
SALE OF TRENSTAR SOUTH AFRICA
|
On 2 April 2008 we announced that all of Trencor’s interests in TrenStar SA (Pty) Ltd
had been sold to a consortium comprising the management of that company and Investec Bank Limited, effective 31 December 2007 (“the transaction”).
As the sale was regarded as a “small related party transaction” under the JSE Listings Requirements, Mazars Moores Rowland Corporate Finance (Pty) Limited,
as the JSE approved independent expert, has furnished written confirmation that in its opinion the transaction is fair to the shareholders of Trencor. The
fairness opinion is available for inspection at Trencor’s registered office for 28 days from the date of this announcement.
Trencor Services (Pty) Ltd
Secretaries
13 May 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TRENCOR’S TEXTAINER REPORTS QUARTERLY RESULTS
6 May 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
|
|
TRENCOR’S TEXTAINER REPORTS QUARTERLY RESULTS
|
Textainer Group Holdings Limited (NYSE: TGH), in which Trencor has a 62,6%
beneficial interest, has reported its results for the first quarter ended 31 March 2008. The results can be accessed on its website at
www.textainer.com and a PDF of its results can be accessed here.
Trencor Services (Pty) Ltd
Secretaries
6 May 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TRENCOR’S TEXTAINER RECEIVES U.S. NATIONAL DEFENSE TRANSPORTATION ASSOCIATION QUALITY AWARD
5 May 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
|
|
TRENCOR’S TEXTAINER RECEIVES U.S. NATIONAL DEFENSE TRANSPORTATION ASSOCIATION QUALITY AWARD
|
We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 62,6% beneficial interest:
“Hamilton, Bermuda, May 1, 2008 (Business Wire) – Textainer Group Holdings Limited (NYSE: TGH) (“Textainer” or the “Company”), the world’s largest
lessor of intermodal containers based on fleet size, received the prestigious National Defense Transportation Association (NDTA) Quality Award on April 30,
2008 at the Military Surface Deployment and Distribution Command (SDDC) Symposium in Orlando, Florida.
The award was presented to John A. Maccarone, President and CEO of Textainer by General Kenneth Wykle (Ret), NTDA President, and Major General Kathleen M. Gainey,
SDDC Commanding General. The award citation follows:
“Textainer contributed significantly to supporting war fighter requirements and the SDDC’s performance through their execution of the Single Leasing Container contract.
During 2007, Textainer provided more than 39,000 leased containers on over 250 delivery orders totaling $20 million for the DoD in direct support of Operations Iraqi and Enduring Freedom.
Their multifaceted support proved to be the key to the successful deployment / redeployment and sustainment of U.S. and Coalition Forces in the entire Central Command Area of Operation.
Textainer’s better than 95% on-time delivery performance exceeded expectations and was the corner stone in the successful unit deployment and redeployment of military cargo and the
movement of sustainment containers supporting movement to the Forward Operating Bases. Their effort in support of Central Command operations has resulted in cost avoidance to the
government in excess of $24 million.
Textainer’s equipment management team through close coordination with Pacific Command customers enabled them to attain a 100% on-time delivery rate for Exercise TURBO CADS 07.
Textainer always expresses a “can do” attitude when it comes to their operations.”
“We are just completing the fifth year of our expected ten year contract as the exclusive supplier of leased containers to the U.S. Military,” said Mr. Maccarone.
“Having completed delivery orders for more than 100,000 containers and chassis to date, 2007 was by far the busiest year of the contract. Our team worked very hard to
achieve the accomplishments mentioned in the award citation, and I am very pleased that they have been recognized for their efforts.”
Contact: Textainer Group Holdings Limited
Mr Tom Gallo
Corporate Compliance Officer
415-658-8227
ir@textainer.com”
Trencor Services (Pty) Ltd
Secretaries
5 May 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
RELEASE OF TEXTAINER RESULTS
5 May 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
|
|
RELEASE OF TEXTAINER RESULTS
|
We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 62,6% interest:
“Hamilton, Bermuda, April 30, 2008 (Business Wire) – Textainer Group Holdings Limited (NYSE: TGH) (“Textainer” or the “Company”), the world’s largest lessor
of intermodal containers based on fleet size, today reported that it will announce results for the first quarter ended March 31, 2008 on May 5, 2008.
Investors’ Webcast
Textainer will hold a conference call and a Webcast at 2:00 p.m. EDT on Wednesday, May 7, 2008 to discuss Textainer’s first quarter 2008 results.
An archive of the Webcast will be available one hour after the live call through May 7, 2009. The dial-in number for the conference call is
1-877-397-0235; outside the U.S. call 1-719-325-4866. To access the live Webcast or archive, please visit the Company’s website at http://www.textainer.com.
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is the world’s largest lessor of intermodal containers based on fleet size. We have a total of more than 1.3 million containers,
representing over 2,000,000 twenty-foot equivalent units, in our owned and managed fleet. We lease containers to more than 400 shipping lines and other lessees.
We principally lease dry freight containers, which are by far the most common of the three principal types of intermodal containers, although we also
lease specialized and refrigerated containers. We have also been one of the largest purchasers of new containers among container lessors over the last 10 years.
We believe we are also one of the largest sellers of used containers, having sold more than 85,000 containers in 2007. We provide our services worldwide via a
network of 14 regional and area offices and over 350 independent depots in more than 130 locations.
CONTACT: Textainer Group Holdings Limited
Mr Tom Gallo
Corporate Compliance Officer
415-658-8227
ir@textainer.com”
Trencor Services (Pty) Ltd
Secretaries
5 May 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TRENCOR’S TEXTAINER ANNOUNCES NEW 5-YEAR FINANCING AGREEMENT
23 April 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
|
|
TRENCOR’S TEXTAINER ANNOUNCES NEW 5-YEAR FINANCING AGREEMENT
|
We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 62,6% beneficial interest:
“Hamilton, Bermuda, April 22, 2008 -- Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest
lessor of intermodal containers based on fleet size, today announced that Textainer Limited, which is a wholly-owned subsidiary of
the Company, entered into a $205 million, five-year revolving credit agreement with a group of financial institutions led by Bank
of America, N.A. and including Fortis Capital Corp., Wells Fargo Bank, National Association, Credit Industriel et Commercial,
Bayerische Hypo- und Vereinsbank AG, KeyBank National Association and Union Bank of California, N.A. The interest rate under the
credit agreement is a spread over LIBOR which varies based on the leverage of Textainer Limited. At the closing, the initial interest
rate will be LIBOR + 1.00%. The proceeds from borrowings under the credit agreement are expected to be used to purchase containers
and for general corporate purposes.
The credit agreement represents a restructuring and increase of Textainer Limited's prior two-year, $75 million revolving credit facility.
"We are extremely pleased to have been able to increase both the size and the term of Textainer Limited's revolver," said John Maccarone,
the Company's President and Chief Executive Officer. "Given the challenging conditions in the credit markets today, we consider this new
credit agreement with both our existing and several new banks to be a clear indication of their confidence in our business model and operating philosophy."
Mr Maccarone added, "We would like to thank Bank of America and the other syndicate banks for their support."
Important Cautionary Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. securities laws. Forward-looking statements include
statements that are not statements of historical facts, and include, but are not limited to, statements concerning the initial interest
rate that is to apply at the closing and the expected use of proceeds from the borrowings under the credit agreement. Readers are cautioned
that these forward-looking statements involve risks and uncertainties, are only predictions and may differ materially from actual
future events or results.
The Company's views, estimates, plans and outlook as described within this document may change subsequent to the release of this press release.
The Company is under no obligation to modify or update any or all of the statements it has made in this press release despite any subsequent
changes that the Company may make in its views, estimates, plans or outlook for the future.
Contact: Textainer Group Holdings Limited
Mr Tom Gallo
Corporate Compliance Officer
415-658-8227
ir@textainer.com”
Trencor Services (Pty) Ltd
Secretaries
23 April 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
DISTRIBUTION OF ANNUAL REPORTS, NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETINGS
10 April 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
DISTRIBUTION OF ANNUAL REPORTS, NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETINGS
|
The annual financial statements in respect of the year ended 31 December 2007
for Trencor and Mobile will be distributed on 14 April 2008 and there are no material changes from the reviewed results published on 22 February 2008.
The annual general meetings will be held on Monday, 19 May 2008, at 1313 Main Tower, Standard Bank Centre, Heerengracht, Cape Town, commencing at 15:00 to transact
the business as stated in the annual general meeting notices forming part of the annual financial statements.
On behalf of the boards
NI Jowell
C Jowell |
Chairman Trencor Limited
Chairmain Mobile Industries Limited |
Cape Town
10 April 2008 |
|
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TRENCOR’S TEXTAINER REPORTS REFRIGERATED CONTAINER (“REEFER”) MARKET UPDATE
3 April 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
|
|
TRENCOR’S TEXTAINER REPORTS REFRIGERATED CONTAINER (“REEFER”) MARKET UPDATE
|
We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 62,6% beneficial interest:
“Hamilton, Bermuda – April 2, 2008. Textainer Group Holdings Limited (NYSE: TGH) (“Textainer” or the “Company”), the world’s largest lessor of intermodal containers based on fleet size,
today reported that 770 units out of the 800 reefer containers, initially purchased in January 2008, have been committed to leases with various shipping lines.
Textainer is pleased to announce that its first reefer container transaction has been completed with Mitsui O.S.K. Lines (MOL).
MOL is the world’s 11th largest container vessel operator and has committed to lease 300 40’ High Cube reefers.
As a result of this early success, Textainer has ordered an additional 1 000 40’ High Cube reefers for delivery in May and June of 2008.
The reefer machinery will be supplied by Carrier, Daiken and Thermo King.
“We have now placed 95% of our original order, and are very pleased at our customers’ support of our re-entry into the reefer market”,
commented John A. Maccarone, President and CEO of Textainer.
He continued, “Textainer expected a fairly modest capital expenditure (CAPEX) of $30 million for reefers in 2008.
Based on our initial success with the first units produced, and the recent new order, we may exceed that goal for the year.”
Important Cautionary Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. securities laws.
Forward-looking statements include statements that are not statements of historical facts, and include statements concerning the
Company’s desire and ability to increase the size of its owned container fleet. Readers are cautioned that these forward-looking statements involve risks and uncertainties,
are only predictions and may differ materially from actual future events or results.
The Company’s views, estimates, plans and outlook as described within this document may change subsequent to the release of this statement.
The Company is under no obligation to modify or update any or all of the statements it has made herein despite any subsequent changes the Company may make in its views,
estimates, plans or outlook for the future.
Contact: Textainer Group Holdings Limited
Mr Tom Gallo
Corporate Compliance Officer
415-658-8227
ir@textainer.com”
Cape Town
3 April 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
SALE OF TRENSTAR SOUTH AFRICA
2 April 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
|
|
SALE OF TRENSTAR SOUTH AFRICA
|
In the 22 February 2008 announcement of Trencor’s results for the year ended 31 December 2007, we reported that, in
the context of attaining greater focus on Trencor’s core marine container businesses, TrenStar Inc (58% owned by Trencor) and TrenStar SA (Pty) Ltd (100% owned by Trencor)
had been categorised as “held for sale”. On 4 March 2007 we announced the sale of the three operating subsidiaries of TrenStar Inc active in North America.
We are now pleased to announce that all of Trencor’s interests in TrenStar South Africa (i.e. TrenStar SA (Pty) Ltd) have been sold to a consortium comprising the management
of that company and Investec Bank Limited (“the sale”). The effective date of the sale is 31 December 2007. Trencor will receive R80 million, which includes repayment
of Trencor’s current shareholder loan account of R72 million.
As the sale constitutes a “small related party transaction” in terms of the JSE Listings Requirements, implementation thereof is subject to compliance with the JSE Listings
Requirements, which includes the JSE being furnished with written confirmation from an independent professional expert, that the terms of the sale are fair as far as the
shareholders of Trencor are concerned.
In Trencor’s said announcement of results to 31 December 2007, we advised that in view of the “held for sale” status of the assets and liabilities of the TrenStar
companies, they had in the said results been treated for accounting purposes as “discontinued operations”. Thus the effects of the above transaction do not impact the
results of Trencor’s continuing operations and headline earnings as published on 22 February 2008.
Trencor Services (Pty) Ltd
Secretaries
2 April 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TEXTAINER ANNUAL REPORT FOR 2007
31 March 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
TEXTAINER ANNUAL REPORT FOR 2007
|
Textainer Group Holdings Limited (NYSE: TGH), in which Trencor has a 62,6% interest,
has filed its Form 20-F (annual report for the year ended 31 December 2007) with the US SEC. The report can be accessed on its website http://investor.textainer.com/sec.cfm
and a PDF thereof can be accessed here.
Trencor Services (Pty) Ltd
Secretaries
31 March 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
SALE OF TRENSTAR, INC’S ASSET BASED BUSINESSES IN THE US
4 March 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
SALE OF TRENSTAR, INC’S ASSET BASED BUSINESSES IN THE US
|
In the 22 February 2008 announcement of Trencor’s year-end results for 2007, we reported that,
in the context of attaining greater focus on Trencor’s core marine container businesses, the assets and liabilities of TrenStar,
Inc (58% held by Trencor) had been categorised as “held for sale”.
We are pleased to announce that in line with this strategy, TrenStar, Inc has sold its three operating subsidiaries
active in North America in the leasing and management of kegs and other types of metal cages and bins used in the beer, synthetic rubber and food industries to a subsidiary of
Macquarie Group Limited. The provisional consideration payable for these businesses is US$72 million, US$5 million of which will be placed in escrow for certain periods pending
the outcome of warranties given in the sale. An additional payment of up to US$5 million may also be made to TrenStar, Inc subject to the sold entities achieving certain revenue
and EBITDA (earnings before interest, tax, depreciation and amortisation) targets during 2008 and 2009. TrenStar, Inc. was represented by Morgan Keegan and Latham & Watkins LLP in the sale.
The purchase consideration enabled repayment of all bank debt in the sold subsidiaries as well as at TrenStar, Inc (head office) level, leaving the TrenStar, Inc group free of bank debt and with net
cash of approximately US$15 million after providing for all costs associated with the sale (assuming the amounts in escrow and those subject to achieving the revenue and EBITDA targets are received).
In addition to this cash, and with the company having successfully exited its UK/European beer keg operations earlier during 2007, the remaining assets of TrenStar, Inc comprise its 33% interest in
Jettainer GmbH (the joint venture company with Lufthansa Cargo AG engaged in providing and managing air cargo containers, and based in Frankfurt, Germany) and its Track & Trace business. Plans for
these businesses remain under strategic review.
In Trencor’s said announcement of results to 31 December 2007, we advised that in view of the “held for sale” status of the assets and liabilities of the TrenStar companies, they had in the said results
been treated for accounting purposes as “discontinued operations”. Thus the effects of the above transaction do not impact the results of Trencor’s continuing operations and headline earnings as published
on 22 February 2008. However, the settlement of all bank debt in TrenStar, Inc reported above reduces the Trencor group consolidated gearing ratio of 92% (2006: 174%) as published to 85%.
Cape Town
4 March 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TRENCOR DIVIDEND UP 40% AS TEXTAINER PROFITS GROW 23%
22 February 2008
A 23% increase in net profit by Textainer Group Holdings Ltd,
the New York Stock Exchange listed container leasing company in which Trencor Ltd has a 62,6% interest, helped Trencor
to boost adjusted headline earnings per share by 22,1% from 175,2 cents to 214,0 cents in the year to December.
Trencor declared a final dividend per share of 58 cents, making a total of 80 cents for 2007, an increase of 40% on the
57 cents per share distributed in respect of 2006. Trencor shares in issue increased in 2007 to 187,3 million after conversion
of debentures into ordinary shares on a one-for-one basis.
Trencor’s chairman, Neil Jowell, said Textainer, the world’s largest lessor of marine containers, reported an increase in net profit
to US$66,6 million from US$54,2 million after charging unrealised losses on interest rate swaps of US$8,3 million in 2007 (2006: US$600 000).
Textainer achieved average utilisation of the fleet under management for the year, calculated on a basis consistent with the past, of 91,5% (2006: 91,1%).
With effect from 1 January 2007, the basis of calculation was changed to conform to that used by most competitors; on this basis average utilisation for
the year was 93,9%.
Textainer recently re-entered the refrigerated container segment and plans capital expenditure of US$30 million in 2008 on this new product range.
It also acquired the management of the 500 000 TEU fleet of Capital Lease from 1 September and invested US$71,4 million in increasing the holding in its
asset-owning subsidiary, TMCL.
Jowell said 64,6% of the on-hire total fleet under Textainer management and 69,2% of its on-hire owned container fleet were on long-term lease.
He said the increase in Trencor’s trading profit after net financing costs from continuing operations was 17% - from US$82 million to US$96 million.
In rand terms this translated to a 23% increase to R675 million from R549 million in 2006. Trencor’s revenue for the year from owning, leasing, financing and
managing containers was R1,69 billion (R1,46 billion).
The adjusted headline earnings per share for the year included net gains and losses arising from the ongoing disposals of containers from Textainer’s leasing fleet.
Jowell said these 2007 earnings per share of 214 cents could be compared to adjusted diluted headline earnings per share in 2006 of 175,2 cents.
He said headline earnings per share of 212,9 cents included net unrealised foreign exchange gains and losses and two enhancements required in terms of International
Financial Reporting Standards (IFRS) to the earnings of TrenStar Inc, the 58%-owned mobile asset ownership and management business.
These were a 21,6 cents per share enhancement because of a requirement that TrenStar cease charging depreciation of about US$10 million on its UK beer keg fleet from 30 March 2007
(the date the company decided to exit this business), although it continued to earn revenue on these assets until the contracts were finally terminated later in 2007. There was a further
enhancement of 22,7 cents per share because of a requirement that TrenStar create a deferred tax asset of US$10,5 million. This may be realised in 2008 following a strategic review which
has resulted in the TrenStar companies being categorised as held for sale. Jowell said the review was conducted in the context of greater focus on Trencor’s core container businesses, mainly Textainer.
Top of Page
TEXTAINER RESULTS RELEASED
21 February 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
TEXTAINER RESULTS RELEASED
|
Textainer Group Holdings Limited (NYSE: TGH), in which Trencor has a 62,6% interest, has reported its results for the fourth quarter and the year
ended 31 December 2007. The results can be accessed on its website www.textainer.com and a PDF of its results can be accessed here.
Trencor Services (Pty) Ltd
Secretaries
21 February 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
RELEASE OF TEXTAINER RESULTS
15 February 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
RELEASE OF TEXTAINER RESULTS
|
We draw attention to the following news release issued by Textainer
Group Holdings Limited, in which Trencor has a 62,6% interest:
“Textainer Group Holdings Limited Announces Dates for Release of Fourth Quarter 2007 and Full Year Results and Quarterly Conference Call
Hamilton, Bermuda, February 14, 2008: Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest
lessor of intermodal containers based on fleet size, today reported that it will announce results for the fourth quarter and the year
ended December 31, 2007 on February 21, 2008.
Investors' Webcast
Textainer will hold a conference call and a Webcast at 2:00 p.m. EST on Friday, February 22, 2008 to discuss Textainer's fiscal fourth
quarter and full year results. An archive of the Webcast will be available one hour after the live call through February 22, 2009.
The dial-in number for the conference call is 1-877-675-4757; outside the U.S. call 1-719-325-4930. To access the live Webcast or
archive, please visit the Company's website at http://www.textainer.com.”
Trencor Services (Pty) Ltd
Secretaries
15 February 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TRENCOR’S TEXTAINER RE-ENTERS REFRIGERATED CONTAINER MARKET
7 January 2008
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
TRENCOR’S TEXTAINER RE-ENTERS REFRIGERATED CONTAINER MARKET
|
We draw attention to the following news release issued by Textainer Group Holdings Limited,
in which Trencor has a 62,6% beneficiary interest:
“Hamilton, Bermuda, Textainer Group Holdings Limited (NYSE: TGH) (“Textainer” or the “Company”),
the world's largest lessor of intermodal containers based on fleet size, has reported that it has re-entered the refrigerated container
market segment. Textainer has ordered 800 40-foot High Cube reefers with Carrier and Daikin machinery for delivery in January 2008.
“We have analyzed the reefer market frequently since exiting this segment in the 1990's, but until now, decided not to buy new refrigerated containers,”
said John A. Maccarone, President and CEO of Textainer.
“Due to attractive prices for new reefer containers, and the anticipation that our customers may choose to lease a larger percentage of their total reefer
requirements, we feel this is the right time to re-enter the market. We feel that we can place at least $30 million worth of reefers into attractive long-term
leases in 2008, which would increase our capital expenditure by about 10% above our original budget. We already have sales/marketing and operations/technical
expertise in-house and reefers are leased by our existing customer base which is supported by our current sales team. Therefore, the incremental overhead costs
to Textainer are almost zero.” he added.
IMPORTANT CAUTIONARY INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of U.S. securities laws. Forward-looking statements include statements that are not
statements of historical facts, and include statements concerning the Company's desire and ability to increase the size of its owned container fleet. Readers
are cautioned that these forward-looking statements involve risks and uncertainties, are only predictions and may differ materially from actual future events
or results.
The Company's views, estimates, plans and outlook as described within this document may change subsequent to the release of this statement. The Company is under
no obligation to modify or update any or all of the statements it has made herein despite any subsequent changes the Company may make in its views, estimates, plans
or outlook for the future.
Textainer Group Holdings Limited
Mr. Tom Gallo, 415-658-8227
Corporate Compliance Officer
ir@textainer.com”
Cape Town
7 January 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TEXTAINER INCREASES ITS INTEREST IN TEXTAINER MARINE CONTAINERS LIMITED
30 November 2007
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
TEXTAINER INCREASES ITS INTEREST IN TEXTAINER MARINE CONTAINERS LIMITED
|
Textainer Group Holdings Limited (NYSE:TGH) (“Textainer”),
in which Trencor has a 62,6% beneficiary interest, reported on 29 November 2007 that it purchased additional shares in
Textainer Marine Containers Limited (“TMCL”) effective 1 November 2007. Textainer previously announced its intention to
complete this transaction upon consummation of its initial public offering in October 2007 and had assumed that the
transaction would be completed this year in connection with planning and forecasting operating results for 2008.
TMCL, a joint venture with FB Transportation Capital LLC (“FBTC”), is
engaged in the business of owning and leasing marine containers. Textainer purchased an additional 25% interest in TMCL from FBTC
for a price of US$71,4 million. As a result, it now owns 75% of TMCL and FBTC 25%. Prior to this purchase, each party owned 50%.
This transaction will reduce the amount of minority interest expense that Textainer reports each period by 50%. For the nine months
ended 30 September 2007 (unaudited), Textainer reported minority interest expense of US$14,0 million. If Textainer had purchased the additional
shares in TMCL on 1 January 2007 the minority interest expense for the nine months ended 30 September 2007 would have been US$7,0 million,
resulting in an increase in net income before income taxes of a similar amount.
The full announcement by Textainer can be accessed on its website: www.textainer.com
Cape Town
30 November 2007
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
RELEASE OF TEXTAINER QUARTERLY RESULTS
19 November 2007
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
RELEASE OF TEXTAINER QUARTERLY RESULTS
|
Trencor’s 62,6% subsidiary, Textainer Group Holdings Limited (NYSE: TGH), has reported its results for the third quarter and the nine
months ended 30 September 2007. The results can be accessed on its website www.textainer.com.
Trencor Services (Pty) Ltd
Secretaries
19 November 2007
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TEXTAINER INITIAL PUBLIC OFFERING: TRENCOR'S RESULTANT INTEREST
19 November 2007
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
TEXTAINER INITIAL PUBLIC OFFERING: TRENCOR'S RESULTANT INTEREST
|
On 10 October 2007 we announced that the initial public offering (“IPO”) by Textainer Group
Holdings Limited (“Textainer”), pursuant to which Trencor had a 62,6% beneficiary interest in Textainer, had been finalised, that
the shares commenced trading on the New York Stock Exchange under the symbol “TGH” and that the IPO underwriters had a 30-day
option to purchase additional shares.
We now advise that this option was not exercised and, accordingly, Trencor’s beneficiary
interest in Textainer remains unchanged at 62,6%.
Cape Town
19 November 2007
Invenstment bank and advisor: Investec Corporate Finance
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
TEXTAINER FINALISES INITIAL PUBLIC OFFERING ON THE NYSE
10 October 2007
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
|
|
TEXTAINER FINALISES INITIAL PUBLIC OFFERING ON THE NYSE
|
-
Introduction
On 27 September 2007 we announced on SENS that Textainer Group Holdings Limited (“Textainer”),
in which Trencor has a 71,7% beneficiary interest, had filed a registration statement with the U.S. Securities and Exchange
Commission for a proposed initial public offering (“IPO”) and listing of its common shares on a US stock exchange.
We now draw attention to the news release by Textainer included in paragraph 2 below, announcing the number and
pricing of its shares offered in the IPO and the listing of its common shares on the New York Stock Exchange.
- Textainer news release
Hamilton, Bermuda, October 9, 2007 – Textainer Group Holdings Limited (NYSE: TGH)
announced today that its initial public offering of 9,000,000 common shares has been priced at $16.50 per common share.
The underwriters have a 30-day option to purchase up to 1,350,000 additional common shares to cover any over-allotments.
All of the common shares are being sold by Textainer Group Holdings Limited. The common shares will begin trading on
the New York Stock Exchange on Wednesday, October 10, 2007 under the symbol “TGH”.
Credit Suisse Securities (USA) LLC and Wachovia Securities are the joint book running managers for the offering
with Jefferies & Company, Inc., Piper Jaffray & Co. and Fortis Securities LLC acting as co-managers.
A registration statement relating to these securities was filed with and declared effective by the United States
Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these
securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities law of any such state or other jurisdiction.
Copies of the final prospectus relating to this offering, when available, may be obtained by contacting Credit
Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, (800) 221-1037 or Wachovia
Securities, 375 Park Avenue, New York, NY 10152, (800) 326-5897.
For more information, contact:
| |
Mr Tom Gallo
415-658-8227
tjg@textainer.com |
About Textainer Group Holdings Limited:
Textainer has operated since 1979 and is the world’s largest lessor of intermodal containers based on fleet
size. We have a total of more than 1.3 million containers, representing over 2,000,000 TEU, in our owned
and managed fleet. We lease containers to more than 300 shipping lines and other lessees. We principally
lease dry freight containers, which are by far the most common of the three principal types of intermodal
containers. We have also been one of the largest purchasers of new containers among container lessors over
the last 12 years. We believe we are also one of the two largest sellers of used containers among container
lessors for the last five years. We provide our services worldwide via a network of 14 regional and area
offices and over 300 independent depots in more than 130 locations.
Resultant Trencor interest in Textainer
As part of the IPO, Halco Holdings Inc. (“Halco”), through which
Trencor has its beneficiary interest in Textainer, will acquire 2 100 000 shares at $16.50 per share,
i.e. a total new investment by Halco of $34.65 million, which will be funded from Halco’s existing cash resources.
Following the IPO of 9 000 000 common shares (which includes Halco’s subscription for the 2 100 000 shares),
Halco’s shareholding in Textainer will be 62.6%. If, in addition, the underwriters exercise in full their
over-allotment option on a further 1 350 000 shares, Halco’s shareholding in Textainer will be 60.8%.
Mobile/Trencor group structure
We draw attention to earlier communications in which we indicated
that following the implementation of value enhancement initiatives below the listed Trencor level,
the merits of further changes to the Mobile/Trencor listed group structure would be considered from
time to time as appropriate. In this regard, following the listing of Textainer we plan to give further
consideration to such possible changes.
Cape Town
10 October 2007
Investment bank and advisor: Investec Corporate Finance
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Top of Page
FILING OF REGISTRATION STATEMENT FOR IPO BY TEXTAINER
27 September 2007
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code:
TRE
ISIN:
ZAE000007506
("Trencor")
|
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1968/014997/06)
Share Code:
MOB
ISIN:
ZAE000091435
("Mobile")
|
|
FILING OF REGISTRATION STATEMENT FOR IPO BY TEXTAINER
|
We previously reported that the listing of the shares of Textainer Group Holdings Limited, Trencor’s 71,7%
subsidiary, on an international stock exchange was under consideration. We now draw attention to the following news release
issued by Textainer:
“TEXTAINER GROUP HOLDINGS LIMITED ANNOUNCES THE FILING OF REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF COMMON SHARES
Hamilton, Bermuda, September 26, 2007 – Textainer Group Holdings Limited announced today that it has filed a registration
statement, which is not yet effective, with the U.S. Securities and Exchange Commission for a proposed initial public offering of its
common shares. The proposed offering will also include common shares subject to issuance pursuant to an over-allotment option to be granted to the underwriters.
Credit Suisse Securities (USA) LLC and Wachovia Capital Markets, LLC will act as joint book running
managers for the proposed offering with Jefferies & Company, Inc., Piper Jaffray & Co. and Fortis Securities LLC acting as co-managers.
The offering will be made only by means of a prospectus. A copy of the preliminary prospectus
for the proposed offering may be obtained, when available, by writing or telephoning the prospectus department at Credit Suisse
Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, (800) 221-1037 or Wachovia Securities,
375 Park Avenue, New York, NY 10152, (800) 326-5897.
A registration statement relating to these securities has been filed with the U.S.
Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification
under the securities laws of any such state or jurisdiction.
For more information, contact:
Mr. Tom Gallo
Compliance Officer
415-658-8227
tjg@textainer.com
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is the world’s largest lessor of intermodal
containers based on fleet size. We lease containers to more than 300 shipping lines and other lessees. We principally
lease dry freight containers, which are by far the most common of the three principal types of intermodal containers.
We have also been one of the largest purchasers of new containers among container lessors over the last 12 years.
We believe we are also one of the two largest sellers of used containers among container lessors for the last five years.”
A further announcement will be published in due course.
TRENCOR SERVICES (PTY) LTD
SECRETARIES
27 September 2007
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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