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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     
WESCOAL HOLDINGS LIMITED
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
www.wescoal.com.

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                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

Sponsor

Nedbank Corporate and Investment Banking

Date: 28/09/2016 05:13:00 Supplied by www.sharenet.co.za                     
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