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Tue 3 Mar 2026
Close: 1 813c 
Day's move: -109c (-5.67%)
Volume: 4 042 655
Trades: 3 151
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Pick n Pay - board change and board committee
The Board of Directors of Pick n Pay ("the Board") announced the following changes to the membership of Board committees, with effect from 1 February 2026.
- Pooven Viranna has been appointed as a member of the Social, Ethics and Transformation Committee
- Appointment of Grant Pattison to the Remuneration Committee and the Finance and Investment Committee
- Appointment of Thabo Leeuw to the Social and Ethics Compliance Committee
Board change
Audrey Mothupi-Palmstierna will retire as a non-executive director of the Company and as Chair of the Remuneration Committee at the conclusion of the Company's Annual General Meeting scheduled for August 2026. She will be succeeded by Professor Haroon Bhorat, who has served as an independent non- executive director since May 2020.
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Pick n Pay - trading update and trading statement
Turnover of the Company and its subsidiaries for the 48-week period to 1 February 2026 grew 3.2% and 3.4% on a like-for-like basis.
Growth for the period for the Group's key turnover segments was as follows:
- Pick n Pay South Africa (SA) like-for-like sales grew 2.9%, with Pick n Pay SA company-owned supermarkets like-for-like sales at 3.5%. The 1.4% Pick n Pay SA turnover decline for the period was the result of the, now largely completed, planned closure or conversion of underperforming company-owned supermarkets.
- Boxer Retail Ltd. Group ("Boxer") turnover grew 11.9%, and 3.9% on a like-for-like basis. Further detail on Boxer's performance can be found in its trading update released on 5 February 2026.
The Group advised shareholders that it expects the headline loss per share (HEPS) for FY26 to increase by more than 20% (12.31 cents) when compared with the headline loss per share of -61.54 cents reported for FY25. The Group does not currently have reasonable certainty around its expected earnings per share for FY26. The Group will update investors further over the course of the upcoming results announcement cycle and a further trading statement will be released on SENS once the Group has attained a reasonable degree of certainty over its expected earnings range.
The Group's financial results for the period are expected to be published on SENS on or about 25 May 2026.
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Pick n Pay Stores Ltd. - Disclosure of significant
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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