Go Back Email this Link to a friend

Wescoal Holdings Limited - Posting Of Integrated Annual Report, No Change Statement And Notice Of Annual General Meeting

Release Date: 28/09/2016 17:13:00      Code(s): WSL     
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(?Wescoal? or "the Company")

Posting of Integrated Annual Report, No Change Statement and Notice of Annual General Meeting

Integrated Annual Report

Shareholders are advised that the full Integrated Annual Report (IAR) is available on the Company?s website at

Shareholders wishing to obtain a printed copy of the IAR can contact:
Vikesh Dhanooklal
Company Secretary
+27 11 049 8611 or vikesh@wescoal.com.

This follows the SENS release on 2 June 2016 of Wescoal?s reviewed condensed consolidated results for the
financial year ending 31 March 2016 (?reviewed results?).

The annual financial statements forming part of the Integrated Annual Report (?audited results?) contain no
material modifications to Wescoal?s reviewed results. In completing the audited results it was necessary to effect
a reallocation of R5.8 million between current liabilities (Trade and other payables) and current assets (Trade and
other receivables). The quantum and nature of the reallocation is assessed to be inconsequential as it is
contained within net current liabilities (i.e no change to working capital), equates to 1% of current liabilities and
does not affect the financial outcomes, position or performance ratios of the business.

                                               Reviewed results           Audited results               Change
                                                                                    R?000                R?000
 Trade and other receivables                            231 401                   225 601               (5 800)

 Trade and other payables                             (278 377)                 (272 577)                5 800

Annual General Meeting

The Annual General Meeting of shareholders of Wescoal will be held at the Company?s registered offices,
Building 10, Woodmead Business Park, 142 Western Service road, Woodmead, South Africa, on Wednesday, 9th
of November 2016 at 10:00 to transact the business as stated in the notice of the Annual General Meeting
forming part of the IAR.

The date for shareholders to be recorded on the securities register of the Company in order to be able to attend,
participate and vote at the Annual General Meeting is Friday, 4th of November 2016.

28 September 2016


Nedbank Corporate and Investment Banking

Date: 28/09/2016 05:13:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.