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Wed 2 Sep 2026
Close: 300c 
Day's move: -8c (-2.60%)
Volume: 10 710 680
Trades: 924
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KAP - update on merger
KAP announced the conclusion of a suite of inter-related agreements, the implementation of which would have resulted in PG Bison (Pty) Ltd. merging its non-core forestry, sawmilling and pole operations in the Southern Cape.
As part of the Transaction, it was intended that South African Forestry Company SOC Ltd. (Safcol), a state- owned company. would transfer shares to MTO Community SPV (RF) (Pty) Ltd (MTO Community SPV), a ring-fenced company incorporated to hold shares in Cape Forest Products (Pty) Ltd (CFP), and the shares in MTO Community SPV would be held by a community trust to be registered by Safcol.
Safcol has not transferred its shares in MTO Forestry to MTO Community SPV, and MTO Forestry has not been able to complete the Excluded Asset Sale, however, the parties wish to proceed with the Transaction and have accordingly agreed to amend the Transaction steps.
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KAP - trading statement
The Company has issued an updated trading statement for the year ending 30 June 2026. It now expects headline earnings per share (HEPS) to increase by 82% to 92%, reaching between 43.8 and 46.2 cents, compared to 24.1 cents in FY25. However, earnings per share (EPS) are forecasted to be between a loss of 6.2 and 3.8 cents, down from 0.4 cents in FY25, mainly due to impairments of goodwill and intangible assets related to market conditions and operational underperformance. The company also reduced net debt by over R1 billion, surpassing its R500 million target. FY26 results are scheduled for release around 1 September 2026.
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KAP Ltd. - Disclosure of acquisition of securities
The company has issued a statement regarding an interest in shares.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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