Welcome to WG Wearne
WG Wearne is one of South Africa’s oldest suppliers of substances to the constructing and development industry.

Established in 1910 as a building subject by means of its founder William George Wearne, the employer used to be firstly worried in the sand and stone commercial enterprise in the small city of Carletonville, close to Johannesburg, and the ready-mix division used to be installed in the early 1970’s. Since then, the business enterprise has grown into what is now recognized as The Wearne Group of Companies, presenting the building enterprise with a whole constructing fabric solution.

WG Wearne has survived for over a hundred years by using staying cutting-edge and shifting with enterprise trends. Our on web site lab continues us scientifically applicable and our evolving product and carrier choices preserve our customers at ease and loyal.

Quantibuild

Wearne Quantibuild Projects
Our merchandise consist of the many a variety of aggregates and equipped combine concrete products, whilst our offerings include, amongst others, our cell crushing and screening offerings and our cell concrete solutions.

Wearne’s aim is to live on present day monetary instability (Covid) with our knowledge, top-quality carrier and product providing and to proceed to make a contribution to the splendor and performance of previous and future landmarks in South Africa.

WEARNE produces all sorts of concrete and are capable to customize combine designs for particular applications.

With 5 constant and 4 cell plants, we are capable to successfully meet our client’s desires with the aid of concentrated on the commercial, industrial, housing and mining sectors and most importantly positioning ourselves the place ever you are.

Wearne additionally make use of a range of concrete pump provider vendors to accommodate your pumping needs.

Listed are some of the concrete merchandise we offer:
Self-levelling and self-compacting concrete
Concrete for pumping
High energy concrete in extra of 70 MPa
Coloured concrete
No fines concrete
Screeds
Concretes and Mortars
Accelerated set concrete
Air entrained concrete
Fibre bolstered concrete
Low price concrete
Extended workability and decreased droop loss concrete
High density concrete

WEARNE street constructing substances and concrete aggregates all comply with COLTO and SANS specifications.

We are in a position to provide any of the following materials:
6.7mm – 37.5mm Concrete Stone
6.7mm – 37.5mm Road Stone
Ballast Stone
Builders Mix
Crusher Dust
Crusher Sand
Dump Rock
G1 – G7
Gabion Stone
Pit / Building Sand
Plaster Sand
River Sand (Decomposed Granite)
UTFC (Ultra-Thin Friction Course) Aggregates
Washed Crusher Sand
Please word that no longer all of our branches grant the product vary above. Please contact the department immediately must you require confirmation.

Relocation of Khutsong Reservoir

Khutsong, Carletonville
Khutsong 30MI Reservoir 1248m3 prestressed flooring pour
Total volume 1262m3 prestressed floor
Pour finished in 18 hour

ANCRO

UMPAKHATI SQUARE – Randfontein
Total +- 3500m3
We have performed all the shops, checkers and construct it used to be the largest flooring internal checkers 350m3 construct it 180
We have furnished all the difficult stands at the lower back for all the deliveries to the shops
Currently busy with the parking area
Product provided 30mpa and forty mpa
Customer provided the fibre
Flooring contractor Maximus flooring

MET Builders

Umpakhati mall – Randfontein
Supplied three hundred m3 30 mpa to the give up of final 12 months floor bed
This month over 350 m3 for floor mattress and specialised base

Jan Dirker

Flooring contractor for BEN MORGENROOD PROPERTIES
Total furnished 230m3
2021

Grandeur Flooring

New P&S Tiles in Randfontein
Foundations complete m3 120m3
Total extent +-400 m3
Pump used RED PUMPS 36m

TEMI

Randfontein army base
Total m3 +- 1000m3
Project nonetheless ongoing

Noldic properties

New warehouse for plaza board in Aureus
Total floor mattress four hundred m3
We nonetheless want to pour tough stands round the building
2021

Update on acquisition and renewal of cautionary announcement
Posted on May 30, 2007 (July 5, 2021) through admin
(Incorporated in the Republic of South Africa)
Registration number: 1994/005983/06)
(JSE code: WEA & ISIN: ZAE000078002)
(“Wearne” or “the company”)

UPDATE ON ACQUISITION OF THE BUSINESSES OF TZANEEN QUARRY (PTY) LIMITED AND
WILLOWSFOUNTAIN QUARRY (PTY) LIMITED
RENEWAL OF CAUTIONARY ANNOUNCEMENT
1 INTRODUCTION
Shareholders are referred to the announcement dated 23 April 2007 in which it was once introduced that challenge to the fulfilment of positive conditions, Wearne has bought the organizations and positive unique property of Tzaneen Quarry (Pty) Limited (“the Tzaneen business”) and Willowsfountain Quarry (Pty) Limited (“the Willowsfountain business”).

Shareholders are counseled Wearne has done a due diligence investigation to its pride in regard to each the Tzaneen commercial enterprise and the Willowsfountain business.

The final stipulations precedent to which the acquisition of each the Tzaneen enterprise and the Willowsfountain enterprise stay difficulty are as follows:

The expiry of a duration of 30 (thirty) days after the date of the closing guide of the notices in phrases of Section 34(1) of the Insolvency Act range 24 of 1934, as amended, besides any felony court cases being instituted or attachments being made by means of lenders of the Tzaneen commercial enterprise and/or the Willowsfountain business;
The conclusion of New Mining Leases;
The cession, undertaking and delegation of rights and duties below the current Premises Leases.

2. FURTHER ANNOUNCEMENT
   Shareholders will be notified once the acquisition of the Tzaneen commercial enterprise and the Willowsfountain enterprise turns into unconditional.
3. FURTHER CAUTIONARY ANNOUNCEMENT
   Further to the cautionary announcement dated 23 April 2007, shareholders are counseled that Wearne is nonetheless concerned in negotiations, which if correctly concluded, may additionally have a fabric impact on the rate of the company’s securities. Accordingly, shareholders are recommended to proceed exercising warning when dealing in the company’s securities till a full announcement is made.

ACQUISITION OF THE PORTLAND GROUP AND FURTHER CAUTIONARY ANNOUNCEMENT

1. INTRODUCTION
   Shareholders are referred to the renewal of the cautionary announcement dated 23 April 2008 and are counseled that Wearne has entered into an settlement to acquire:
   1.1. the complete issued share capital and cession of claims in Portland Holdings (Pty) Limited (“Portland Holdings”) and its subsidiaries, as nicely as the minority hobbies (“minority shareholders”) in positive subsidiaries, of Portland Holdings (collectively “the Portland Group”) in phrases of the Portland settlement (“the Portland Agreement”) for a buy consideration of R122 615 660 as distinctive in paragraph four (“Portland acquisition”) from Portland Ready-mix Trust, Anco Besigheids Trust, Willchrest Besigheids Trust (“the vendors”); and
   1.2. component eight of Farm 1098 Hooggekraal, as a going concern, in phrases of the Visserhok settlement (“the Visserhok Agreement”) from Visserhok Investments (Pty) Limited (“Visserhok”) for a buy consideration of R40 five hundred zero as special in paragraph four (“the Visserhok acquisition”).
   1.3. An extra quantity which shall now not exceed R60 zero zero will be paid in phrases of 4.1.3 to the carriers for Portland Hollowcare Slabs (Pty) Limited (“Portland Hollowcare Slabs”), a new organisation currently established, after the 31 August 2010 earnings after tax has been in the end agreed.
   1.4. The Portland acquisition and the Visserhok acquisition are at the same time described as (“the transaction”).
2. BACKGROUND INFORMATION
   2.1. The Portland Group was once set up 20 years ago, in the Durbanville area, in the Western Cape and is a provider of prepared combined concrete and combination (sand and stone used in the making of concrete) as nicely as avenue constructing fabric to the building industry.

2.2. The Portland Group presents the following merchandise and offerings to the building industry:
– excessive first-class equipped combined concrete;
– aggregates and associated products. The Portland Group utilises its very own fleet and subcontractors to supply aggregates to its clients;
– Precast hollowcore merchandise to the concrete slab market with its trendy country of the artwork plant and equipment; and
– concrete pump services.

2.3. The subsidiaries of Portland Holdings (including the share maintaining through Portland Holdings) are as follows:
– Portland Aggregates Sales (Pty) Limited (“Portland Aggregates Sales”) – 60%;
– Portland Ready-mix (Pty) Limited (“Portland Ready-mix”) – 100%;
– Portland Quarry (Pty) Limited (“Portland Quarry”) – 85%;
– Portland Sand Mines (Pty) Limited – 70%;
– Portland Concrete Pumps (Pty) Limited (“Portland Pumps”) – 75%; and
– Portland Hollowcore Slabs – 100%.

3. RATIONALE FOR THE TRANSACTION
   Wearne is a equipped combined concrete and mixture provider running in general in Gauteng, the Free State, North West, Limpopo Provinces and KwaZulu-Natal. The Portland Group affords a strategic geographical growth possibility to Wearne into the profitable Western Cape market. Furthermore:
   – the transaction will amplify Wearne’s product and offerings providing in market, diversify income streams and add fundamental mass to Wearne;
   – the Portland Group is an mounted worthwhile operation with a presence and song report and can function as a stand-alone and self-sufficient enterprise unit;
   – the Portland Group’s running margins are considerably greater than Wearne’s margins; and
   – the Portland Group has skilled administration with a music file who will end up Wearne shareholders and board members.
4. PURCHASE CONSIDERATION AND PAYMENT
   4.1. Purchase price
   Subject to the provisions set out below, the buy charge payable via Wearne for the Portland acquisition is the combination of:
   4.1.1. R122 615 660 (in the tournament that the combination internet earnings after tax of the Portland Group for the 12 months ended 29 February 2008 (“the February 2008 PAT”) is much less than R20 218 000, then the buy rate shall be decreased by using an quantity equal to the mixture of the sum of R8.06 for each and every R1.00 via which the February 2008 PAT is much less than that amount) in phrases of the Portland acquisition; and
   4.1.2. R40 five hundred zero in phrases of the Visserhok acquisition; and
   4.1.3. an quantity equal to 5 instances the common annual audited income after tax of Portland Hollowcore Slabs for the two 12 month durations ending 31 August 2009 and 31 August 2010 (“the Portland 2009/2010 PAT”), up to a most charge of R60 zero zero Portland Hollowcore Slabs is a new task which is solely anticipated to generate earnings from May 2008.

4.2. Discharge of the buy price
The buy fee will be discharged as follows:
4.2.1. R108 879 294 of the buy charge referred to in 4.1.1 will be discharged on the fantastic date by means of the trouble and allotment by means of Wearne to the companies of 31 108 370 Wearne normal shares at an difficulty rate of R3.50 per share;
4.2.2. R4 736 364.50 of the buy charge referred to in 4.1.1 will be discharged on the high-quality date by way of the problem and allotment via Wearne to the minority shareholders of 1 353 247 Wearne normal shares at an trouble fee of R3.50 per share;
4.2.3. R9 zero 001.50 of the buy rate referred to in 4.1.1 will be discharged in phrases of 4.5 by using the difficulty and allotment through Wearne to the minority shareholders of two 571 429 Wearne normal shares at an difficulty rate of R3.50 per share;
4.2.4. R40 five hundred zero of the buy fee referred to in 4.1.2 payable in money to Visserhok towards registration of switch of Portion eight of Farm 1098 Hooggekraal into the title of Wearne;
4.2.5. The component of the buy charge referred to in 4.1.3 will be discharged on the 1/3 enterprise day after the Portland 2009/2010 PAT has been eventually agreed with the aid of the auditors with the aid of the problem and allotment of Wearne regular shares to the companies at an problem rate equal to the increased of:
a. R3.50 per Wearne regular share; or
b. the 30 day extent weighted common rate per Wearne everyday share at that date.
A most of 17 142 857 Wearne everyday shares will be issued in this regard.

4.3. Restrictions
None of the providers shall be entitled to sell:
– any of the Wearne regular shares issued to them prior to the first anniversary from the superb date;
– extra than 50% of the Wearne normal shares issued to them prior to the 2nd anniversary from the positive date.

4.4. Pre-emptive rights in favour of Wearne
Subject to the Restrictions in 4.3 and the JSE Limited (“JSE”) Listings Requirements, any of the providers wishing to promote Wearne normal shares issued to them inside 5 years from the tremendous date, are obliged to provide such shares to Wearne.

4.5. Call and put options
4.5.1. Phatutshelo has granted an irrevocable non-transferrable name choice to Wearne to buy its 15% pastime of the issued share capital and all of the claims on mortgage account in opposition to Portland Quarry (so as to represent Wearne as the sole shareholder of Portland Quarry) (“the Call Equity”). The name choice may additionally be exercised at any time from the wonderful date till 31 August 2010. The buy consideration for the Call Equity is R9 zero 001.50 and will be discharged with the aid of the trouble of two 571 429 Wearne everyday shares at an difficulty fee of R3.50 each, which are problem to the restrictions as per paragraph 4.3, if relevant.
4.5.2. Provided Wearne has now not exercised the name option, Wearne has granted an irrevocable put choice to Phatutshelo to promote to it the Call Equity on the identical phrases as per above without for the reality that the put choice might also be exercised solely between 1 September 2010 and 15 September 2010.

5. EFFECTIVE DATE
   The Portland acquisition will emerge as fantastic on the first day of the month following the month in which all of the prerequisites precedent (as set out in 6) shall have end up fulfilled or waived.
6. CONDITIONS PRECEDENT AND RESOLUTIVE CONDITION
   6.1. Conditions precedent touching on to the Portland Agreement:
   The Portland Agreement is conditional, inter alia, upon:
   6.1.1. the nice effect of a due diligence of the Portland Group with the aid of Wearne of the February 2008 Accounts (“February 2008 Accounts”);
   6.1.2. service, confidentiality and restraint agreements for Mr N Heyns, Mr HWP Scholtz, Mr PJ Naudé and Mr C Ramukhubathi (“the key employees”) and confidentiality and restraint agreements for the vendors;
   6.1.3. the auditors of the Portland Group expressing an unqualified audit opinion on the Portland Group February 2008 Accounts;
   6.1.4. the execution of a shareholders’ settlement between Wearne and the Portland Sand Mines minority shareholders and Phatutshelo (a agency in which the whole issued share capital is held with the aid of C Ramukhubathi) governing their relationship as shareholders of Portland Sand Mines and Portland Quarry;
   6.1.5. the applicable unconditional written consent being bought from the applicable authorities to the switch of shares in phrases of the Portland acquisition in relation to licences, permits, consents, mineral leases and mining rights; and
   6.1.6. compliance with all regulatory tasks to the extent integral to impact the Portland acquisition, which include approval thereof in phrases of the Competition Act 89 of 1998.

6.2. Resolutive situation pertaining to to the Portland Agreement:
The Portland Agreement is challenge to the resolutive circumstance that inside a duration of ninety days after the fantastic date, the registration of switch of the property received in phrases of the Visserhok Agreement into Wearne’s title is affected. If this resolutive circumstance is no longer fulfilled, the Portland Agreement shall turn out to be of no pressure and effect. The length for the fulfilment of this resolutive situation might also be prolonged through mutual settlement in writing.

6.3. Conditions precedent pertaining to to the Visserhok Agreement:
The Visserhok Agreement is conditional, inter alia, upon the written consent of the trustees for the time being of the Pluto Trust to the cession, undertaking and delegation via Visserhok to Wearne of all of its rights and responsibilities in phrases of the notarial mineral rent or settlement being reached between Visserhok and the trustees for the time being of the Pluto Trust concerning the termination of the notarial mineral lease.

6.4. Warranties and indemnities as are regular in transactions of this nature have been furnished in each the Portland Agreement and the Visserhok Agreement.

7. APPOINTMENTS TO THE WEARNE BOARD
   Once the transaction turns into unconditional, the Wearne Board of Directors will be reinforced with the appointment of Mr N Heyns (as an government director) and Mr HWP Scholtz (as a non-executive director) to the Wearne Board.
8. FINANCIAL EFFECTS
   The monetary outcomes of the transaction will be launched as soon as the Portland Group February 2008 Accounts have been completed.
9. CLASSIFICATION OF THE TRANSACTION
   The transaction is categorised as a Category two transaction in phrases of the Listings Requirements of the JSE.
10. FURTHER CAUTIONARY ANNOUNCEMENT
    Shareholders are counseled to proceed exercising warning in dealing in the Company’s securities on the JSE till such time as the monetary outcomes of the transaction are published.

Growth surpasses expectations Thursday, 18 October 2007: AltX–listed WG Wearne, a dealer of equipped combined concrete and aggregates, nowadays introduced its meantime outcomes for the duration ended 31 August 2007, reporting a 55.2% amplify in income to R259.1 million.

Gross earnings multiplied by means of 69% to R86.2 million. Gross earnings margin extended to 31.9%, in contrast to 30.5% carried out for the comparative length remaining year. EBITDA grew considerably through 114.2% to R56.8 million (2006: R26.5 million). EBITDA margins expanded to 21% (2006: 15.9%) due to expanded recuperation of administrative expenses. Headline revenue for the duration nearly doubled to R23.2 million (2006: R12.7 million).

John Wearne, CEO, says that the De Bruyn acquisition of three sand and stone quarries is now absolutely included into Wearne’s effects for the period, with the acquisition of a quarry in Tzaneen turning into advantageous on 1 August 2007. The acquisition of the Willowsfountain Quarry in Pietermaritzburg has no longer but been completed, due to the truth that one of the stipulations has no longer but been met. “We expect that this will be finished via the quit of October,” he says.

Wearne is assured that the corporation will preserve income tiers for the the rest of the year, in spite of the typical sluggish down due to the builders’ destroy over the festive season.

“Prospects are promising, with the combination division triumphing extra contracts to the cost of R20 million from Concor Roads, a division of Murray & Roberts. The equipped combined concrete division has additionally been named as desired dealer for the Legend Golf and Safari Resort Estate in Naboomspruit, a improvement via Global Design and Build Solutions (GdbS). GdbS is a joint task between JSE-listed IFA Hotels & Resorts (involved with the Boschendal and Zimbali Estates) and Legend Lodges, Hotels & Resorts. The fee of the contract will be in extra of R130 million over a 5 years,” he says.

The agency invested closely in extra plant and gear throughout the duration to meet developing demand, to the tune of R95 million (this quantity consists of property of R10 million that shape section of the Tzaneen quarry acquisition).

The Board authorized extra capital expenditure of R50 million for the acquisition of plant and equipment. Wearne’s vertical integration approach consists of capital expenditure of R20 million for a pre-cast concrete manufacturing commercial enterprise in Polokwane. Other plans encompass the institution of a brick manufacturing plant in Bethlehem in a joint venture.

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