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Investor Relations

Share price

Last updated on Thursday
25 May 2017

MUR 7.94

SEMDEX : 2,067.71

LATEST CIEL FINANCIALS
for the period ended 31 March 2017
 

FINANCIAL RESULTS (PDF)
FINANCIAL REVIEW (PDF)
PRESS RELEASE (PDF)
 

KEY FIGURES
for the year ended 30 June 2016
 

  GROUP REVENUE
18.5

MUR BN
GROUP EBITDA
2,736

MUR M
 
       
KE GROUP PROFIT BEFORE NON-RECURRING ITEMS
AND TAX

1.63

MUR BN
COMPANY NET ASSET VALUE PER SHARE
8.47

MUR
 

GROUP STRUCTURE

as at March 2017

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IR Contact

Sebastien Daruty
Group Financial & Corporate Manager
Tel:  + (230)  404  2200  
investorrelations
@cielgroup.com

Investor Relations Financial Announcements

Ciel Limited
  • Descriptions
    Download
    Date
  • CIEL Cautionary Announcement_SUN announces its intention to raise MUR1.865bn
    26.04.2017
  • CIEL Cautionary Announcement_voluntary offer to acquire all the ordinary shares of CIEL Textile
    25.04.2017
  • CIEL Communiqué _ Acquisition of Apollo Bramwell Hospital business operations
    20.01.2017
  • CIEL Communiqué _ Exclusivity Rights to CHA for the acquisition of Apollo Bramwell
    16.12.2016
  • CIEL Dividend
    15.12.2016
  • CIEL Communiqué _ interest for business operations of ‘Apollo Bramwell Hospital’
    01.11.2016
  • CIEL Communiqué _ appointment Jean-Pierre Dalais and Jérôme De Chasteauneuf
    12.10.2016
  • CIEL Dividend
    30.06.2016
  • CIEL Communiqué _ Multicurrency Note Programme
    15.06.2015
  • CIEL Communiqué - Expression of interest for Apollo Bramwell
    20.05.2015
  • CIEL Communiqué - Bonds Issue
    14.05.2015
  • CIEL Communiqué - Exit CHSL
    11.08.2014
  • CIEL Communiqué - Acquisition of share capital of BNI Madagascar
    06.06.2014
  • CIEL Communiqué - Ordinary Share issue
    02.05.2014
  • CIEL Communiqué_Approval of Listing Particulars
    07.04.2014
  • DRI Communiqué
    25.10.2013
  • DRI Communiqué
    15.08.2013

Investor Relations Corporate Governance

CIEL Limited (“CIEL” or “the Company”), formerly known as Deep River Investment Limited, incorporated on 31 August 1948, is a public company listed on the Official Market of the Stock Exchange of Mauritius (“SEM”) since 4 February 2014.

On 24 January 2014, CIEL Investment Limited was amalgamated with and into Deep River Investment Limited (“DRI”). DRI, as surviving company post Amalgamation, was renamed CIEL Limited.

CIEL is also registered as a Reporting Issuer with the Financial Services Commission since the promulgation of the Securities Act 2005.

CIEL Limited is an investment holding company, with investments in five distinct clusters: CIEL Agro & Property, CIEL Finance, CIEL Hotels & Resorts, CIEL Textile and CIEL Healthcare

Constitution Highlights

The constitution of the Company, adopted on 30 December 2013, is in conformity with the provisions of the Companies Act 2001 and the Listing Rules of the SEM.

Its salient features are:

  • The Company has on issue Ordinary Shares of no par value and Redeemable Restricted A Shares (“RRAS”) of no par value.
    The Ordinary Shares confer to the holder the following rights:
    - a right to vote at meetings of shareholders and on a poll to cast one vote for each share held;
    - the right to an equal share in dividends and other distributions made by the Company, subject to the rights of any other Class of Shares; and
    - the right to an equal share in the distribution of surplus assets of the Company on its liquidation, subject to the rights of any other Class of Shares.
  • RRAS confer to the holder the following rights:
    - a right to vote at meetings of shareholders and on a poll to cast one vote for each share held;
    - the right to participate in a rights issue together with the holders of Ordinary Shares in the proportion of the amount paid up or credited as paid up on the shares of each class on the condition that the holders of each class of shares shall be entitled to subscribe to shares of that class only;
    - no right whatsoever to any distribution;
    - no right whatsoever to any surplus assets of the Company in case of winding up; - no right to be transferred except with the consent of the holders of at least 75% of shares of that class.
  • The RRAS may be redeemed at the option of the Company for no consideration whatsoever, should the holders thereof either directly or indirectly through successive holding entities (and the shareholders of the latters), in the aggregate, hold less than 10% of the issued Ordinary Shares in the capital of the Company. So as to ascertain the above threshold, the Company secretary shall, at least once in every financial year, request from the secretaries of the entities holding such shares and of their successive holding entities a list of their respective shareholders. Should the said threshold not be met, then, all RRAS shall immediately be redeemed, as of right.
  • Subject to the terms of issue of the RRAS, the fully paid-up shares are freely transferable.
  • The Company may purchase or otherwise acquire its Shares and may hold acquired shares.
  • The Board may authorise a distribution by the Company to shareholders if it is satisfied on reasonable grounds that the Company will satisfy the solvency test immediately after the distribution.
  • The quorum for holding a meeting of shareholders is five (5) shareholders holding Shares representing at least ten percent (10%) of the total voting rights
    who are present or represented.
  • The Board shall consist of not less than eight (8) or more than sixteen (16) Directors.
  • The quorum for holding a meeting of the Board is five (5) Directors when the Board consists of eight to twelve (8-12) members, seven (7) Directors when the Board consists of thirteen to fifteen (13-15) members and eight (8) Directors when the Board consists of sixteen (16) members.
  • The Directors have the power to appoint any person to be a Director, either to fill in a casual vacancy or as an addition to the existing Directors but so that
    the total number of Directors shall not at any time exceed the number fixed in accordance with the Constitution. The Director appointed to fill up the vacancy or as an addition to the existing Directors shall hold office only until the next following annual General Meeting and shall then be eligible for reelection.
  • A Director who has declared his interest shall not vote on any matter relating to the transaction or proposed transaction in which he is interested, and shall not be counted in the quorum present at the meeting.
  • In case of equality of votes either at a meeting of the Board of Directors or a meeting of Shareholders, the Chairperson of the meeting shall not be entitled to a casting vote.

 

Group structure

as at 31 March 2017

PDF (370KB)

   

BOARD CHARTER

PDF (4.6MB)

   

CONSTITUTION

PDF (3.9MB)

   

Investor Relations Sub-Committees of the board

  • Sub-Committees of the board

    The Board of CIEL has established four committees namely the Audit & Risk Committee, the Corporate Governance, Ethics, Nomination & Remuneration Committee, the Strategic & Advisory Committee and the Corporate Sustainability Committee which are responsible for assisting the Board in discharging its responsibilities.

    Each committee acts according to clearly defined terms of reference approved by the Board and reports to the Board on matters discussed at committee meetings.

    Board Committees are entitled to take independent and external professional advice, as and when necessary. Senior Management as well as internal and external auditors regularly attend Committee meetings to report on specific issues.

    BOARD COMMITTEES

    Strategic & Advisory Committee
    R. Thierry Dalais (Chairperson)
    M. F. Antoine Delaporte
    P. Arnaud Dalais
    Jean-Pierre Dalais
    L. J. Jérôme De Chasteauneuf
    Tom Rostand
    Audit & Risk Committee
    Catherine McIlraith (Chairperson)
    Pierre Danon
    M. A. Louis Guimbeau
    Corporate Governance, Ethics, Nomination & Remuneration Committee
    F. Antoine Delaporte (Chairperson)
    R. Thierry Dalais
    Xavier Thiéblin
    Corporate Sustainability Committee
    Roger Espitalier Noël (Chairperson)
    Alex Alexander
    Amélie Audibert
    Odile Conchou
    Jean-Pierre Dalais
    Noëlle Gourrège
    J. Harold Mayer
    Sandrine Petit
    Jean-Marc Rivet
    Kamini Vencadasmy

     

    TERMS OF REFERENCE

    Strategic & Advisory Committee
    Audit & Risk Committee
    Corporate Governance, Nomination & Remuneration Committee
    Corporate Sustainability Committee

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Investor Relations Corporate information

REGISTERED OFFICE

CIEL Limited

5th Floor, Ebène Skies
Rue de l’Institut, Ebène
Mauritius
Tel: (230) 404 2200
Fax: (230) 404 2201
BRN: C06000717

REGISTRAR

If you are a shareholder and have queries regarding your account, wish to change your name and address, or have questions about lost certificates, share transfers or dividends, please contact our Registrar and Transfer Office:

MCB Registry & Securities Ltd

2nd Floor, MCB Centre
Sir William Newton Street
Port Louis
Tel: (230) 202 5397
Fax: (230) 208 1167

FINANCIAL & COMPANY SECRETARIAL SERVICES

CIEL Corporate Services Ltd

TREASURY SERVICES

Azur Financial Services Ltd
5th Floor, Ebène Skies
Rue de l’Institut, Ebène
Mauritius
Tel: (230) 404 2200
Fax: (230) 404 2201

MAIN BANKER

The Mauritius Commercial Bank Ltd

EXTERNAL AUDITORS

BDO & Co

Investor Relations Financial calendar

Financial year - 30 June

The yearly calendar of events of the Company is scheduled as follows:-

Events Month
Financial year end June
Last Annual Meeting of shareholders December
Declaration/payment of dividend:
- Interim
- Final
 
December
June
Publication of first quarter results November
Publication of half yearly results February
Publication of third quarter results May
Publication of full year results September
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