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Quarterly update announcement
EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company” or together with its subsidiaries “the Group”)
QUARTERLY UPDATE ANNOUNCEMENT
Shareholders of the Company (“Shareholders”) are referred to the ongoing suspension in trading of
the Company’s shares on the Johannesburg Stock Exchange (“JSE”) which came into effect on
9 October 2020 following the late publication of the consolidated annual financial results for the year
ended 28 February 2021 (“2021 Annual Results”). Efora published the 2021 Annual Results on 16
May 2023, however trading in the Company’s shares remains suspended due to the resultant late
publication of the financial results for the six-month periods ended 31 August 2021 (“2022 Interim
Results”) and 31 August 2022 (“2023 Interim Results”), and the consolidated annual financial results
for the years ended 28 February 2022 (“2022 Annual Results”) and 28 February 2023 (“2023
Annual Results”). The purpose of this announcement is to provide an update on the current state of
affairs of the Company and the progress made to date in working towards achieving the reinstatement
of trading in the Company’s shares.
2022 Interim Results and 2022 Annual Results
Efora’s external auditor, SizweNtsalubaGobodo Grant Thornton Inc. (“SNG GT”), has commenced
review and audit work relating to the 2022 Interim Results and 2022 Annual Results, respectively.
Efora anticipates that the review and audit work will be completed by 31 August 2023. The Company
will in due course provide further updates regarding the expected timing of the publication of the 2022
Interim Results and 2022 Annual Results.
2023 Interim Results and 2023 Annual Results
The publication of the 2022 Interim Results and 2022 Annual Results will enable the Company to
focus on the finalisation and publication of the financial results for the 2023 financial year – the 2023
Interim Results and 2023 Annual Results. Review and audit work relating to these results is yet to
commence. Efora will in due course provide further updates regarding the expected timing of the
publication of these outstanding financial results.
Johannesburg
26 July 2023
Sponsor
PSG Capital
For further information please contact:
Efora Energy Limited
Darrin Arendse
+27 (0)10 591 2260
Date: 26-07-2023 10:37:00
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