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GO LIFE INTERNATIONAL LIMITED - Renewal of Cautionary Announcement,Change in Year End & Update on Publication of Results

Release Date: 18/08/2020 17:00
Code(s): GLI     PDF:  
Wrap Text
Renewal of Cautionary Announcement,Change in Year End & Update on Publication of Results

GO LIFE INTERNATIONAL LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: 098177 C1/GBL)
Primary Listing SEM share code: GOLI.N0000
Secondary Listing JSE share code: GLI ISIN: MU0330N00004
(“the Company” or “Go Life”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT, CHANGE IN YEAR END AND UPDATE ON PUBLICATION
OF RESULTS


Shareholders are referred to the SENS announcements of 3 July 2020 and 22 November 2019
respectively and the Company advises that there have been no further developments on the Bon
Health properties due to the COVID-19 lockdown.

Shareholders are advised that the Board has changed the year end of the Company to 31 August
2020 and will be reporting on an 18-month period.

Furthermore, the Company has applied to SEM for a further extension to finalise the audit for the
financial year ended 28 February 2019 and to publish the quarterly and interim results for the current
18-month period commencing 1 March 2019 and ending 31 August 2020, being the quarters ended
31 May 2019, 31 August 2019, 30 November 2020, 29 February 2020 and 31 May 2020. SEM is being
kept appraised of developments and has approved an extension until 31 August 2020 for the
publication of the outstanding results.

In the interim, the funding agreement has lapsed but the parties are exploring a rights offer to
properly fund the Company and allow all shareholders to follow their rights. The Board is in
discussions with an underwriter in this regard.

Accordingly, Go Life shareholders are advised to exercise caution when dealing in their securities
until a further announcement is made.

Go Life has its primary listing on the Stock Exchange Mauritius and a secondary listing on the AltX of
the JSE.

For and on behalf of the board
Mauritius
18 August 2020

 Executive Directors:                                                         Non-Executive Directors:
 Mxolisi Motau                                                                 Mohamed Yusuf Sooklall
 Mr Patrick Wysoczanski                                                                 Dr Peter Koll

 JSE Sponsor:
 AcaciaCap Advisors Proprietary Limited

Date: 18-08-2020 05:00:00
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