To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 28/06/2019 17:00
Code(s): EEL     PDF:  
Wrap Text
Change Statement and Notice of Annual General Meeting

(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company”)


Shareholders of the Company (“Shareholders”) are hereby advised that the Company’s
integrated annual report (“Integrated Report”), and the full audited consolidated annual
financial statements of the Company for the year ended 28 February 2019 (“Annual
Financial Statements”) and the notice of the annual general meeting of the Company
(“Notice of AGM”) are available on the Company’s website, at as
from today.

The Annual Financial Statements contain no modifications to the reviewed results dated 31
May 2019 and announced on SENS on Monday, 3 June 2019 except for the disclosure of the
prior year South Africa segment figures in the segmental reporting note, as set out below:

 Segmental Reporting

                                                                              South Africa
                                         South Africa segment as        segment as per the
                                        per the reviewed results          Annual Financial
                                                  issued on SENS                Statements
                                                    (per note 3)              (per note 5)
                                                                              South Africa
 2018                                                                                R'000

 Revenue                                                       -                 2 625 588
 Cost of sales                                                 -               (2 559 846)
 Gross profit/(loss)                                           -                    65 742
 Other income                                              5 229                     5 195
 Depreciation and amortisation                             (153)                  (22 063)
 Finance income                                                -                     2 076
 Finance costs                                                 -                  (25 418)
 Other operating expenses                                  (167)                  (78 976)
 Taxation                                                      -                       658
 (Loss)/profit for the year                                4 909                  (52 786)

 Segment assets - non-current                                  -                   293 153
 Segment assets - current                                     24                   210 185
 Segment liabilities - non-current                             -                  (16 368)
 Segment liabilities - current                                 -                 (276 011)

The Company is anticipating to distribute the Integrated Report and Annual Financial
Statements to Shareholders on Monday, 1 July 2019.


Notice is hereby given that the annual general meeting (“AGM”) will be held at 10:00 on
Friday, 16 August 2019 at Efora Energy Limited, 1st Floor, Culross Road, Bryanston to
transact the business as set out in the Notice of AGM which forms part of the Integrated

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 Thursday, 8 August 2019, with the last day to
trade being Monday, 5 August 2019.

28 June 2019

PSG Capital

For further information please contact:

Efora Energy Limited
Tariro Gadzikwa
+27 (0)10 591 2260

About Efora
Efora Energy Limited is a South African based independent African oil and gas company,
listed on the JSE. The Company has a diverse portfolio of assets spanning production in
Egypt; exploration and appraisal in the Democratic Republic of Congo; a midstream project
relating to crude trading in Nigeria and material downstream distribution operations in South
Africa. Our focus as a Group is on delivering energy for the African continent by using Africa’s
own resources to meet the significant growth in demand expected over the next decade.

Date: 28/06/2019 05:00:00 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.

Email this JSE Sens Item to a Friend.

Share This Story