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Notice of Annual General Meeting, B-BBEE Annual Compliance Report and Change Statement
ITALTILE LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
("Italtile" or "the Company" or "the Group")
NOTICE OF ANNUAL GENERAL MEETING, B-BBEE ANNUAL COMPLIANCE REPORT AND CHANGE
STATEMENT
CHANGE STATEMENT
Shareholders are advised that the integrated annual report for the year ended 30 June 2025 ("IAR") was
distributed to shareholders today 29 September 2025 and is also available on the Company's website,
https://italtile.com/reports-and-results.php.
The audited annual financial statements for the year ended 30 June 2025 ("AFS") which are incorporated in
the IAR, are available on the JSE cloudlink,
https://senspdf.jse.co.za/documents/2025/jse/isse/ite/IAR25.pdf
PricewaterhouseCoopers Inc., the Company's independent auditor, has audited the AFS and has expressed
an unmodified audit opinion thereon.
As the information in this announcement does not contain full details, any investment decision should be based
on a consideration of the AFS as a whole, which is available for viewing at the links set out above.
Shareholders are hereby advised that, as set out in Note 41 of the IAR, the IAR contains modifications to the
reviewed condensed Group results for the year ended 30 June 2025 published on SENS on 25 August 2025
for the following reasons:
During the preparation of the Group's 2025 annual financial statements, and in the process of providing
enhanced disclosure through further disaggregation of the credit risk note for trade receivables, the Group
identified a matter relating to intercompany consolidation entries dating back to preceding financial years. This
resulted in an understatement of both trade and other receivables and trade and other payables amounting to
R190,5 million in each of the preceding years. The matter has been rectified in the current year's
financial statements. Importantly, this adjustment does not impact headline earnings per share ("HEPS"),
earnings per share ("EPS"), net asset value ("NAV") per share, or the statement of cash flows.
The following line items have been impacted as follows:
Restatement of Financial Position
Statement of Financial Position 2025 - as Adjustment Restated
previously R'm R'm
reported
R'm
Current assets
Trade and other receivables 664 190 854
Total assets 10 362 190 10 552
Current liabilities
Trade and other payables 512 190 702
Total equity and liabilities 10 362 190 10 552
Statement of Financial Position 2024 - as Adjustment Restated
previously R'm R'm
reported
R'm
Current assets
Trade and other receivables 712 190 902
Total assets 10 444 190 10 634
Current liabilities
Trade and other payables 528 190 718
Total equity and liabilities 10 444 190 10 634
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting of shareholders of Italtile ("AGM"), which will be
conducted entirely by electronic communication, will be held at 10:00 on Thursday, 13 November 2025 to
consider and, if deemed fit, to pass with or without modification, the business stated in the notice of the AGM
("Notice"), which is contained in the IAR.
The salient information pertaining to the AGM is set out below:
Issuer name Italtile Limited
Type of instrument Ordinary shares
ISIN number ZAE000099123
JSE code ITE
Meeting type Annual General Meeting
Meeting venue Virtual
Record date – To determine which shareholders are entitled to
receive the Notice Friday, 19 September 2025
Publication/Posting Date Monday, 29 September 2025
Last day to trade – Last day to trade to determine eligible
shareholders that may attend, speak and vote at the AGM Tuesday, 4 November 2025
Record date – Record date to determine eligible shareholders
that may attend, speak and vote at the AGM Friday, 7 November 2025
Meeting deadline date – (For administrative purposes), forms
of proxy for the AGM to be lodged 10:00 on Tuesday, 11 November 2025
AGM date 10:00 Thursday, 13 November 2025
Publication of results of AGM Thursday, 13 November 2025
Website link https://www.italtile.com
AVAILABILITY OF B-BBEE ANNUAL COMPLIANCE REPORT
Shareholders are advised that the Company's annual compliance report in terms of Section 13G(2) of the
Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, is available on Italtile's website,
https://italtile.com/reports-and-results.php.
Johannesburg
29 September 2025
Sponsor
Merchantec Capital
Date: 29-09-2025 07:15:00
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