Adcorp Holdings Limited's Chairman Bob Campbell has announced his intention to step down from the Board due to his other business commitments both locally and overseas. Bob will resign from the Board of Adcorp once a replacement director has been appointed.

Adcorp Holdings Limited announced unaudited group earnings results for the six months ended August 31, 2012. For the period, the company reported revenue of ZAR 4,022,523,000 against ZAR 2,846,026,000 for the same period a year ago. Operating profit was ZAR 139,842,000 against ZAR 93,249,000 for the same period a year ago. Profit before taxation was ZAR 118,868,000 against ZAR 76,495,000 for the same period a year ago. Profit was ZAR 100,454,000 against ZAR 69,084,000 for the same period a year ago. Profit attributable to owners of the parent company was ZAR 97,960,000 against ZAR 69,084,000 for the same period a year ago. Earnings per diluted share were 126.3 cents against 110.3 cents a year ago. Headline earnings were ZAR 97,852,000 against ZAR 69,012,000 for the same period a year ago. Diluted headline earnings per share were 126.1 cents against 110.2 cents a year ago. Cash inflows from operating activities were ZAR 8,772,000 against ZAR 69,873,000 for the same period a year ago. Net asset value per share was 1,918 cents against 1,638 cents a year ago. Normalized EBITDA (excluding share-based payments and lease smoothing) was ZAR 196,209,000 against ZAR 139,758,000 for the same period a year ago. Normalized operating profit was ZAR 176,136,000 against ZAR 122,983,000 for the same period a year ago. Normalized profit for the period was ZAR 123,770,000 against ZAR 95,649,000 for the same period a year ago. Diluted normalized earnings per share were 165.5 cents against 152.7 cents a year ago. The company announced notice is here by given that an interim dividend of 60 cents per share was declared on October 17, 2012 payable to shareholders recorded in the register of the company at the close of business on the record date appearing below. The salient dates pertaining to the interim dividend are as follows: last date to trade 'cum' dividend on November 30, 2012. The date trading commences 'ex' dividend is December 3, 2012. The record date is December 7, 2012. The date of payment is December 10, 2012. Ordinary share certificates may not be dematerialized or rematerialized between December 3, 2012 and December 7, 2012, both days inclusive. In 2011 the company has paid interim dividend of 57 cents per share.

The Board of Directors of Adcorp Holdings Limited announced the appointment of Ms. Sindisiwe Mabaso-Koyana as an Independent Non-Executive Director, and member of the Audit and Risk Committee with effect from September 14, 2012. The Board of Directors announced that Mr. Cecil Maswanganyi (MBA) has been appointed as an alternate director to Mr. Robinson Ramaite with effect from July 11, 2012.