Illovo Sugar Malawi Limited

Ticker code ILLOVO Industry Food Processing Illovo House
Churchill Road
Private Bag 580
Limbe, Malawi
ISIN MW0009107265 Sector Consumer/Non-Cyclical
Initial Listing 10 November 1997 Financial Year End 31 March
Website www.illovosugar.com Results Released Half-yearly

About

Illovo Sugar (Malawi) Limited was initially incorporated in Malawi as a private company (the Sugar Corporation of Malawi (SuCoMa) limited) on 31 May 1965 and subsequently converted to a public company on 15 September 1997. The name was officially changed from SuCoMa to Illovo Sugar (Malawi) Limited on 11 November 2004. It is part of the Illovo Sugar Group, a leading, global, cost competitive African sugar producer and a significant manufacturer of high-value downstream products. The Illovo Sugar Group is the continent’s biggest sugar producer and has extensive agricultural and manufacturing operations in six African countries.

Auditors

Deloitte
First Floor
INDEbank House
Kaohsiung Road
P.O. Box 187
Blantyre, Malawi

Secretary

G S Garson
Illovo House
Churchill Road
Private Bag 580
Limbe, Malawi

Advocates

Chisanga and Tomoka
P.O. Box 51245
Limbe
Blantyre, Malawi

Savjani and Company
Hannover House
P.O. Box 2790
Blantyre, Malawi


Name Position
G B Dalgleish Chairman; Managing Director, Illovo Sugar Limited (ISL)
R J de Allende Managing Director, Illovo Sugar Malawi
S L Robert Finance Director, Illovo Sugar Malawi
K M J Tembo General Manager - Nchalo
M H Abdool-Samad Non-executive Director; Financial Director – ISL
Dr M A P Chikaonda Non-executive Director
J P Hulley Non-executive Director; Group Operations Director - ISL
S L G Malata Non-executive Director
D B Mawindo Non-executive Director
A R Mpungwe Non-executive Director
G H Williams Non-executive Director; Group Executive, Trade & Industry Affairs – ISL

Distribution of shareholders by type as at 31 December 2014
Category of shareholder Number of shareholders Number of shares % Shareholding
Banks and nominees 43 14,722,576 2.06
Holding company 1 542,084,186 75.98
Individuals 1,994 33,462,072 4.69
Insurance, investment and trust companies 58 24,104,207 3.38
Non-residents 62 4,331,641 0.61
Other corporate bodies 55 18,874,328 2.65
Pension and provident funds 38 75,865,381 10.63
Total  2,251 713,444,391 100.00
Shareholders holding 1 % of more of total equity as at 31 December 2014
Name of shareholder Number of shares % Shareholding
SUCOMA Holdings Limited 542,084,186 75.98
OldMutual Life Assurance Company (Malawi) Limited 59,073,471 8.28
Ramesh Haridas Savjani 14,821,735 2.08
Press Trust 11,642,404 1.63
First Merchant Bank Limited 9,378,616 1.31
National Investment Trust Limited 8,107,611 1.14
Distribution of shareholders by size of shareholding as at 31 December 2014
Category Number of shareholders Number of shares % Shareholding
1 - 5,000 1,663 2,249,421 0.32
5,001 - 10,000 248 2,060,587 0.29
10,001 - 50,000 231 4,597,924 0.64
50,001 - 100,000 26 2,019,368 0.28
100,001 - 200,000 25 3,645,444 0.51
200,001 - 500,000 20 6,172,956 0.87
500,001 and over 38 692,698,691 97.09
Total 2,251 713,444,391 100.00