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July 03, 2015 9:14 AM ET

Construction and Engineering

Company Overview of Aveng Limited

Company Overview

Aveng Limited, together with its subsidiaries, provides a range of construction, infrastructure, and engineering products, services, and solutions worldwide. It offers building, civil engineering, concessions, earthworks, property development, and mechanical and electrical engineering services for power, mining, infrastructure, commercial and industrial, and oil and gas sectors. The company also operates as an engineering, construction, building, and maintenance contractor serving the building, infrastructure, and resource markets focusing on building, rail, civil, electrical, marine, mechanical pipelines, fabrication, tunneling, and underground services; and offers concept and detailed engi...

204 Rivonia Road

Morningside

Sandton,  2057

South Africa

31,768 Employees

Phone:

27 11 779 2800

Fax:

27 11 784 5030

Key Executives for Aveng Limited

Chief Executive Officer, Executive Director, Member of Tender Risk Committee and Member of Executive Committee
Age: 49
Total Annual Compensation: $4.0M
Managing Director of Aveng Steel
Age: 47
Total Annual Compensation: $3.4M
Managing Director of Aveng Manufacturing
Age: 53
Total Annual Compensation: $3.0M
Managing Director of Aveng Engineering
Age: 56
Total Annual Compensation: $2.9M
Managing Director of Aveng Grinaker-LTA
Age: 43
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

Aveng Limited Key Developments

Aveng Limited Provides Group Earnings Guidance for the Year Ending June 30, 2015

Aveng Limited provided group earnings guidance for the year ending June 30, 2015. The group anticipates headline earnings per share to decline by at least 50% compared to the ZAR 112.5 cents per share reported for the comparative period. This translates to HEPS of at most ZAR 56.3 cents per share. HEPS excludes the profit on the sale of Electrix of ZAR 713 million after taxation, as well as various impairments recognized against goodwill, intangible assets and ancillary operations.

Aveng Limited, 2015 Guidance/Update Call, Jun 18, 2015

Aveng Limited, 2015 Guidance/Update Call, Jun 18, 2015

Aveng Limited Announces Board Changes

Aveng Limited announced that Mahomed Ismail Seedat who joined the Board in July 2012, as an Independent Non-Executive Director will succeed Angus William Band as the Independent Non-Executive Chairman with effect from July 1, 2015. Angus will retire as the chairman of the Board with effect from June 30, 2015 but will remain on the Board as an Independent Non-Executive Director.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 16, 2015
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