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Change Statement and Notice of Annual General Meeting
PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Company”)
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Change Statement
Shareholders are advised that the integrated annual report for the year ended 30 June 2022, was distributed to
shareholders today, Friday, 14 October 2022 and is also available on the Company’s website,
www.putprop.co.za. The audited annual financial statements (“AFS”) forming part of the integrated annual
report contains no modifications to the provisional reviewed condensed consolidated financial statements
published on SENS on Friday, 7 October 2022 (“Reviewed Results”), other than those detailed below:
Consolidated Statement of Financial Position
As at 30 June 2022
Audited Reviewed
AFS Results Change %
R'000 R'000 R'000 Change
Assets
Non-current assets
Net investment property 953 332 953 332 - -
Gross investment property 985 375 985 375
Operating lease asset (32 043) (32 043)
Gross investment property held under development 82 730 82 730
Other non-current assets
Operating lease asset 32 151 32 151
Property, plant and equipment 896 896
Investment in associates 14 576 14 576
Cumulative redeemable preference shares in
associate 52 084 52 084
Deferred taxation (Note 1) 41 224 13 570 27 654 203.8%
Total non-current assets 1 176 993 1 149 339 27 654 203.8%
Current assets
Operating lease asset -
Trade and other receivables (Note 2) 31 861 31 704 157 0.5%
Current taxation receivables 461 461
Cash and cash equivalents 19 096 19 096
Total current assets 51 418 51 261 157 0.5%
Net investment property held for sale 38 152 38 152
Gross investment property 38 260 38 260
Operating lease asset (108) (108)
Total assets 1 266 563 1 238 752 27 811 2.2%
Equity and liabilities
Equity attributable to owners of the parent
Stated capital 93 490 93 490
Retained income 564 651 564 651
Non-controlling interest 20 922 20 922
Total equity 679 063 679 063
Non-current liabilities
Deferred taxation (Note 1) 75 236 47 582 27 654 58.1%
Loan liabilities 328 961 328 961
Total non-current liabilities 404 197 376 543 27 654 58.1%
Current liabilities
Loan liabilities 119 595 119 595
Trade and other payables (Note 2) 44 061 43 904 157 0.4%
Bank overdraft 19 647 19 647
Total current liabilities 183 303 183 146 157 0.4%
Total equity and liabilities 1 266 563 1 238 752 27 811 2.2%
Note 1: There was a reallocation between the deferred tax liability and the deferred tax asset of R27 654 000.
Note 2: There was a reallocation between the trade and other receivables and trade and other payables of
R157 000.
The absolute impact on the total assets and total liabilities is 2.2%, with no change to the net asset value of the
Putprop Group.
There have been no changes to the statements of comprehensive income, statements of changes in equity and
statements of cashflows.
Furthermore, there has been no change in net asset value, net asset value per share, tangible net asset value
per share, profit for the year, basic and diluted earnings per share and headline and diluted headline earnings
per share, when comparing the AFS to the Reviewed Results.
Notice of Annual General Meeting
Notice is hereby given that the annual general meeting of shareholders of Putprop (“AGM”) will be held in
person at 11:30 on Monday, 14 November 2022, at 22 Impala Road, Chislehurston, Sandton in Boardroom 1 to
consider and, if deemed fit, to pass with or without modification, the business stated in the notice of the AGM
(“Notice”), which is contained in the IAR.
The Company will make provision for shareholders or their proxies who are unable to attend the AGM in person,
to participate electronically in the AGM by way of a remote electronic facility, further details of which are set out
in the Notice.
The salient information pertaining to the AGM is set out below:
Issuer name Putprop Limited
Type of instrument Ordinary shares
ISIN number ZAE000072310
JSE code PPR
Meeting type Annual General Meeting
Meeting venue Boardroom 1, 22 Impala Road,
Chislehurston, Sandon
and electronic participation
Record date – to determine which shareholders are
entitled to receive the Notice Friday, 7 October 2022
Publication/posting Date Friday, 14 October 2022
Last day to trade – last day to trade to determine eligible
shareholders that may attend, speak and vote at the AGM Tuesday, 1 November 2022
Record date – record date to determine eligible
shareholders that may attend, speak and vote at the AGM Friday, 4 November 2022
Meeting deadline date – (for administrative purposes), 11:30 on Thursday, 10 November 2022
forms of proxy for the AGM to be lodged
AGM date 11:30 on Monday, 14 November 2022
Publication of results of AGM Monday, 14 November 2022
Web site link www.putprop.co.za
Johannesburg
14 October 2022
Sponsor
Merchantec Capital
Date: 14-10-2022 03:00:00
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