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NVEST FINANCIAL HOLDINGS LIMITED - Extension of time to post circular relating to a specific issue of shares

Release Date: 21/10/2015 13:06
Code(s): NVE     PDF:  
Wrap Text
Extension of time to post circular relating to a specific issue of shares

NVEST FINANCIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015990/06)
(“NVest” or “the group”)
ISIN Code: ZAE000199865 JSE Code: NVE


EXTENSION OF TIME TO POST A CIRCULAR TO SHAREHOLDERS RELATING TO AN ISSUE
OF SHARES UNDER A SPECIFIC AUTHORITY TO A RELATED PARTY (“SPECIFIC ISSUE”)


Shareholders are referred to the announcement dated 19 August 2015 regarding
the Specific Issue.

As the Specific Issue is to a related party, as defined in the JSE Limited Listings
Requirements, NVest is required to dispatch a circular to shareholders (“Circular”)
within 60 days of the aforementioned announcement. Furthermore, the circular
must include pro forma financial information to show the impact on NVest’s
financial results for the year ended 28 February 2015 of the Specific Issue, which
incorporates the capitalisation of a loan account in NVest Properties Limited, which
entity changed from an associate to a subsidiary after year end.

The intention was for NVest to post the Circular to shareholders on or about
16 October 2015. However, there has been a delay in relation to the pro forma
financial effects and the JSE has granted the Company an extension to post the
Circular by no later than 13 November 2015.

East London
21 October 2015

Sponsor
Arbor Capital Sponsors Proprietary Limited

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