Wrap Text
Annual Financial Statements for the Twelve Months Ended 28 February 2021 and Notice of Annual General Meeting
EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“the Company” or together with its subsidiaries “the Group”)
CONSOLIDATED ANNUAL FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 28
FEBRUARY 2021 AND NOTICE OF ANNUAL GENERAL MEETING
SALIENT FEATURES
- Revenue decreased by 40% to R1.2 billion (2020: Revenue of R2.0 billion).
- Headline loss per share increased by 38.97 cents per share to a headline loss of 34.01 cents
per share (2020: headline earnings of 4.96 cents per share).
- Loss per share increased by 44.66 cents per share to a loss of 46.52 cents per share (2020:
loss of 1.86 cents per share).
- The board of directors, after careful consideration, has elected to not declare a dividend for
the year ended 28 February 2021 (2020: nil).
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It contains only
a summary of the information in the full announcement (“Full Announcement”) and does not contain
full or complete details. The Full Announcement can be found at:
https://senspdf.jse.co.za/documents/2023/JSE/ISSE/EELE/EELFY21.pdf
A copy of the Full Announcement is also available for viewing on the Company’s website at
https://www.eforaenergy.com/category/investor-centre/financial-results/ or may be requested in
person, at the Company’s registered office or the office of the sponsor, at no charge, during office
hours.
Any investment decisions by investors and/or shareholders should be based on consideration of the
Full Announcement, as a whole.
The separate and consolidated annual financial statements of Efora for the year ended 28
February 2021 (“Annual Financial Statements”) contained in the Full Announcement have been
audited by the Company’s auditors, SizweNtsalubaGobodo Grant Thornton Inc. who expressed an
unqualified opinion on the separate Annual Financial Statements of the Company. The auditor’s
report however contains a disclaimer of opinion on the consolidated Annual Financial Statements
due to internal control deficiencies at Afric Oil Proprietary Limited, a former material subsidiary of
the Company. The full auditor’s report includes details of key audit matters and is available, along
with the Annual Financial Statements, on the Company’s website at
https://www.eforaenergy.com/category/investor-centre/financial-results/.
Shareholders are further advised that the Company’s integrated annual report (“Integrated
Report”), incorporating a summary of the full audited consolidated annual financial statements of
the Company for the year ended 28 February 2021, and the notice of the annual general meeting of
the Company (“Notice of AGM”) was dispatched to Shareholders today.
The Integrated Report will also be available on the Company’s website, at the aforementioned link
as from today, 16 May 2023.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting (“AGM”) will be held at 10:00 on Wednesday,
14 June 2023 at 2nd Floor, Building 11, Design Quarter District, Leslie Avenue, Fourways, 2021 to
transact the business as set out in the abovementioned Notice of AGM. Shareholders should refer
to the Notice of AGM for instructions on electronic participation at the AGM.
Kindly note the following salient details:
Issuer name Efora Energy Limited
Type of instrument Ordinary shares
ISIN number ZAE000248258
JSE code EEL
Meeting type Annual General Meeting
Meeting venue 2nd Floor, Building 11, Design
Quarter District, Leslie Avenue,
Fourways, 2021
Record date – to determine which shareholders are Friday, 5 May 2023
entitled to receive the notice of meeting
Publication/posting date Tuesday, 16 May 2023
Last day to trade – Last day to trade to determine eligible Tuesday, 6 June 2023
shareholders that may attend, speak and vote at the
meeting
Record date – to determine eligible shareholders that may Friday, 9 June 2023
attend, speak and vote at the meeting
Meeting deadline date (For administrative purposes, forms Monday, 12 June 2023
of proxy for the meeting to be lodged)
Meeting date 10:00 on Wednesday, 14 June
2023
Publication of results of AGM Wednesday, 14 June 2023
Website link https://www.eforaenergy.com/notice-
of-annual-general-meeting
Johannesburg
16 May 2023
Sponsor
PSG Capital
For further information please contact:
Efora Energy Limited
Darrin Arendse
+27 (0)10 591 2260
Date: 16-05-2023 04:06:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
