Financial Results – Notification of reliance on the FSCA Market Notice dated 3 April 2020
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
(“Value” or “the Company”)
FINANCIAL RESULTS – NOTIFICATION OF RELIANCE ON THE FSCA MARKET
NOTICE DATED 3 APRIL 2020
Shareholders are referred to the JSE general announcement published on SENS on 3 April
2020 advising the market that the outbreak of the COVID-19 pandemic and subsequent
national lockdown in South Africa has caused significant financial reporting challenges for
issuers.
The JSE also advised that the Financial Sector Conduct Authority (the “FSCA”) had
considered a request made by the JSE to extend certain financial reporting deadlines. On
3 April 2020, the FSCA issued a market notice announcing that the issuers with year-ends of
31 December 2019, 31 January 2020, 29 February 2020 and 31 March 2020 will receive
temporary relief of two months within which to complete their year-end financial report
process should this be required by the issuers.
In accordance with the JSE Listing Requirements, the Company’s reviewed annual results in
respect of the year end 29 February 2020 were to be released on or before 31 May 2020
and its integrated annual report was to be released on or before 30 June 2020.
Shareholders are advised that due to the disruption caused by COVID-19, the Company’s
ability to complete the necessary work required to finalise its annual reviewed results by
31 May 2020 and distribute its integrated annual report by 30 June 2020 has been severely
constrained. Shareholders are therefore advised that the Company will be utilising this two
months extension period afforded to issuers in order to finalise its annual financial results.
Value will accordingly release its reviewed annual results by no later than 31 July 2020 and
issue its integrated annual report, incorporating the annual financial statements and the
notice of annual general meeting, by no later than 31 August 2020. The Company will
however endeavour to publish the above as soon as reasonably possible.
As advised by the JSE, the Company emphasises that market participants should not draw
undue adverse inferences as a result of it making use of the extension periods available to it.
Johannesburg
5 May 2020
Sponsor:
Investec Bank Limited
Date: 05-05-2020 12:05:00
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