EFORA ENERGY LIMITED - Change Statement and Notice of Annual General Meeting

Release Date: 29/06/2018 16:30
Code(s): EEL
 
Wrap Text
Change Statement and Notice of Annual General Meeting

EFORA ENERGY LIMITED
(Formerly SacOil Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company” or “the Group”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders of the Company (“Shareholders”) are hereby advised that the Company’s
integrated annual report (“Integrated Report”), incorporating the summarised audited
consolidated annual financial statements of the Company for the year ended 28 February
2018 (“Summarised Annual Financial Statements”) and the notice of the annual general
meeting of the Company (“AGM”) was dispatched to Shareholders today, 29 June 2018. The
Integrated Report and the audited consolidated annual financial statements (“Annual
Financial Statements”) from which the Summarised Annual Financial Statements are
derived will also be available on the Company’s website, at www.eforaenergy.com as from
today, 29 June 2018.

The above mentioned Annual Financial Statements contain no modifications to the
condensed provisional consolidated reviewed results which were announced on SENS on 31
May 2018, save for an adjustment arising from a reclassification of a loan of R210 million
granted to Afric Oil Proprietary Limited, a subsidiary of the Company, by the Unemployment
Insurance Fund from non-current to current.

The above had no impact on the Group’s statement of comprehensive income, total assets,
total liabilities, equity, total cash flows from either operating activities, investing activities or
financing activities, nor on cash and cash equivalents available at either the beginning or the
end of the year. As a result of the abovementioned reclassification, the Group reduced its
non-current liabilities by R210 million with a corresponding increase in current liabilities.
NOTICE OF AGM

Notice is hereby given that the AGM will be held at 11:00 on Tuesday, 25 September 2018
at 1st Floor, 12 Culross Road, Bryanston to transact the business as set out in the notice of
AGM which forms part of the Integrated Report.

The date on which Shareholders must be recorded as such in the share register of the
Company to be eligible to vote at the AGM is 14 September 2018, with the last day to trade
being 11 September 2018.

Johannesburg
29 June 2018

Sponsor
PSG Capital

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