TLM - Telemasters Holdings Limited - Release of audited financial statements

TLM - Telemasters Holdings Limited - Release of audited financial statements    
with minor changes from the reviewed provisional condensed consolidated         
results and notice of Annual General Meeting                                    
TELEMASTERS HOLDINGS LIMITED                                                    
(Registration Number: 2006/015734/06)                                           
JSE Code: TLM   ISIN: ZAE 000093324                                             
("Telemasters" or "the Company")                                                
RELEASE OF AUDITED FINANCIAL STATEMENTS WITH MINOR CHANGES FROM THE REVIEWED    
PROVISIONAL CONDENSED CONSOLIDATED RESULTS AND NOTICE OF ANNUAL GENERAL         
MEETING                                                                         
The board is pleased to announce that the Audited Financial Statements          
included in the Integrated Report of the Group for the year ended 30            
September 2011 has today been released for publication and distribution to      
shareholders.                                                                   
Other than the minor changes set out below there have been no changes to the    
financial information reported in the Reviewed Provisional Condensed            
Consolidated results released on 10 January 2012. The changes occurred in       
the Consolidated Statements of Financial Position due to a calculation error    
between Intangible Assets, Goodwill and Deferred tax. The change in the         
Consolidated Statements of Comprehensive Income relates to reallocation of      
contributions between directors emoluments and employee costs.                  
                                                                                
                            Audited      Reviewed  Change                       
30/09/11     30/09/11                               

CONSOLIDATED STATEMENTS OF                                                      
FINANCIAL POSITION                                                              
Goodwill                     2,686,779    2,415,685 271,094                     
Deferred tax                 3,962,210    4,233,304 (271,094)                   
                                                                                
CONSOLIDATED STATEMENTS OF                                                      
COMPREHENSIVE INCOME                                                            
Director`s emoluments        3,197,248    3,145,858 51,390                      
Employee costs               8,896,634    8,948,024 (51,390)                    
                                                                                
There were no other changes between the reviewed results published on 10        
January 2012 and the audited annual financial statements.                       
NOTICE OF ANNUAL GENERAL MEETING                                                
Shareholders are advised that Notice has been given that the Annual General     
Meeting of shareholders of the Company will be held on 14 June 2012 at 09:30    
in Pretoria at the offices of TeleMasters Holdings Ltd, 90 Regency Drive,       
Route 21 Corporate Office Park, Irene, Pretoria.                                
RECORD DATE                                                                     
The record date by which shareholders of the Company must be registered as      
such in the Company`s share register in order to attend and vote at the         
Annual General Meeting is Friday, 8 June 2012.  The last day to trade in        
order to be eligible to vote at the Annual General Meeting will be Friday, 1    
June 2012.                                                                      
For and on behalf of the Board:                                                 
MB Pretorius                       BR Topham                                    
Chief Executive Officer             Chief Financial Officer                     
30 April 2012                                                                   
Corporate information                                                           
Directors: DS van Der Merwe*#, J Voigt*, VI Beck*#, MB Pretorius, BR Topham,    
(* non-executive, # independent)                                                
Registered address: 90 Regency Drive, Route 21 Corporate Office Park, Irene,    
0157, Pretoria (P.O. Box 68255, Highveld Park, 0169)                            
Company secretary: Brandon Topham Inc.                                          
Auditors: BDO South Africa Inc., Block C, Riverwalk Office Park, 41             
Matroosberg Avenue, Ashlea Gardens, Pretoria                                    
Transfer secretaries: Computershare Investor Services (Proprietary) Limited,    
70 Marshall Street, Johannesburg, 2001 (P.O. Box 61051, Marshalltown, 2107)     
Designated Advisor:  Arcay Moela Sponsors (Proprietary) Limited                 
Website: www.telemasters.co.za                                                  
Date: 30/04/2012 16:39:01 Supplied by www.sharenet.co.za                     
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