LABAT AFRICA LIMITED - Change Statement, Posting Integrated Annual Report, Notice of AGM & BBBEE Annual Compliance Report

Change Statement, Posting Integrated Annual Report, Notice of AGM & BBBEE Annual Compliance Report

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB
LEI 9845000R73DF5EE41J88


CHANGE STATEMENT, POSTING OF INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL
MEETING AND BROAD-BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT


Change Statement
Shareholders are advised that the Company’s Integrated Annual Report incorporating, inter alia, the
financial statements for the twelve months ended 31 August 2021 and a notice of the annual general
meeting, will be available on the Company’s website, www.labat.co.za from 21 February 2022. The
Integrated Annual Report is in the process of being printed and will be posted or emailed to
shareholders during the course of this week.

The audited condensed consolidated annual financial statements contain no modifications to the
reviewed provisional condensed consolidated financial results for the year ended 31 August 2021
released on SENS on 31 December 2021 other than the following reclassifications on the Statement of
Financial Position, which in turn impacted the Statement of Cash Flows:

                                                                    Audited     Reviewed    Difference
                                                           Note     R 000’s      R 000’s       R 000’s
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Current Assets
Loans to directors and shareholders                          1        2 698            -        2 698
Trade and other receivables                                  1        7 048        9 746      (2 698)
Non-Current Liabilities
Deferred revenue                                             2        2 264        3 105        (841)
Other financial liabilities                                  2       16 461       15 620          841
Current Liabilities
Other financial liabilities                                  3        1 801        2 701        (900)
Contingent consideration                                     3          900            -          900

CONSOLIDATED STATEMENT OF CASH FLOWS
Cash generated from operations                               1       (4 320)     (7 018)        2 698
Cash flows from investing activities
Loans to directors and shareholders                          1       (2 698)           -      (2 698)

The reclassification arose due to the following:

1. A Loan to a Shareholder, in one of the Labat Healthcare businesses, was classified under Trade
   and Other Receivables. This has now been corrected.
2. Certain Deferred Revenue was classified under Other Financial Liabilities. This has now been
   corrected.
3. Contingent Consideration was classified under Other Financial Liabilities. This has now been
   separately disclosed.

Notice of Annual General Meeting and Amendment thereto
Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00
on Tuesday, 10 May 2022 at 23 Kroton Avenue, Weltervreden Park, to transact the business as stated
in the notice of annual general meeting forming part of the Integrated Report.

Record Dates
The record date on which shareholders of the Company must be registered as such in the Company’s
securities register in order to attend and vote at the annual general meeting is Friday, Friday, 29 April
2022. The last day to trade in order to be eligible to vote at the annual general meeting will
accordingly be Monday, 25 April 2022.

The record date for shareholders to receive the Integrated Annual Report is Friday, 11 February 2022.

Availability of Broad-Based Black Economic Empowerment Annual Compliance Report
Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the
Company’s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic
Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment
Act 46 of 2013, the Company’s BEE certificate, which is valid for the 2021/2022 period, is available on
the Company’s website, www.labat.co.za.

Johannesburg
21 February 2022

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 21-02-2022 10:33:00
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