GAIA INFRASTRUCTURE CAPITAL LIMITED - Delayed publication of the Companys provisional annual financial statements for the year ended 28 February 2018

Release Date: 01/06/2018 11:46
Code(s): GAI
 
Wrap Text
Delayed publication of the Company’s provisional annual financial statements for the year ended 28 February 2018

Gaia Infrastructure Capital Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/115237/06)
ISIN: ZAE000210555
JSE code: GAI
(“GAIA” or “the Company”)

Delayed publication of the Company’s provisional annual financial statements for the year
ended 28 February 2018

GAIA shareholders are advised that publication of the Company’s provisional annual financial
statements for the year ended 28 February 2018 will be delayed and should be published on SENS
and in the press on or before 15 June 2018.

The reason for the delay is that, as announced on 19 September 2017, GAIA acquired its second asset,
an effective see-through economic interest of 20% in the Noblesfontein Wind Farm, through a
preference share structure (“the Noblesfontein Transaction”). With effect from 29 November 2017,
the Company appointed Deloitte and Touche as external auditors to the Company. The accounting of
the Noblesfontein Transaction; liaising with new external auditors to the Company; and the departure
of the previous Finance Director on 9 February 2018, has resulted in a delay of the finalisation of the
external audit of the Company’s annual financial statements.

The company is on track to distribute its annual financial statements before the end of June 2018.

Johannesburg
1 June 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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