Sharenet Sites
Sectors
Scanner
To view the PDF file, sign up for a MySharenet subscription.
Back to SENS 

SANTAM LIMITED - BISAN -Notice to Bondholders regarding the release of the Issuers Audited Summary Consolidated Financial Statements

Release Date: 28/02/2019 08:05
Code(s): SNT03 SNT04 SNT02     PDF:  
Wrap Text
BISAN -Notice to Bondholders regarding the release of the Issuer’s Audited Summary Consolidated Financial Statements

SANTAM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1918/001680/06
Company code: BISAN
(“Santam” or “the Issuer”)


NOTICE TO BONDHOLDERS REGARDING THE RELEASE OF THE ISSUER’S AUDITED SUMMARY
CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

Bondholders are referred to the announcement released by the Issuer on SENS on 28 February 2019
in respect of the Issuer’s audited summary consolidated financial statements for the year ended 31
December 2018 (“summary financial statements”). The summary financial statements were derived
from the audited consolidated financial statements of Santam for the year ended 31 December 2018
(“the financial statements”).

Bondholders are advised that the audit report on the financial statements of the Issuer was
unqualified, with no modifications applicable.

Furthermore, the Issuer advises bondholders that there were restatements to the previously
published audited consolidated financial statements for the year ended 31 December 2017, which
related to the current/non-current split of amounts recognised on the statement of financial position,
the impact of IFRS 9 on the statement of cash flows and the recognition of the underlying financial
assets of the repurchase liability. Further detail on these restatements are contained in the summary
financial statements.


28 February 2019

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28/02/2019 08:05:00 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.