PEMBURY LIFESTYLE GROUP LIMITED - Further Delay in Publication of Results

Release Date: 02/05/2018 08:59
Code(s): PEM
 
Wrap Text
Further Delay in Publication of Results

PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949 JSE Code: PEM


FURTHER DELAY IN PUBLICATION OF RESULTS


Shareholders are referred to the announcement issued on 10 April 2018 advising that as a result
of an IFRS matter relating to one of the acquisitions (the retirement villages) during the year
under review, the finalisation of the audit and publication of the results announcement would
be delayed towards the end of April. The specific IFRS matter related to the fair value issue
price for the acquisition, the purchase price allocation, consideration of accounting for
usufructs in relation to life rights on the retirement segment and obtaining a legal opinion.
Other key matters are also being addressed. Whilst substantial progress has been made, the
company will only be in a position to publish its results and finalise the Annual Report during May
2018. A trading statement is expected to be published on or before 15 May 2018, with the
results announcement soon thereafter.


BY ORDER OF THE BOARD
Johannesburg
2 May 2018

Designated Advisor
Arbor Capital Sponsors

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