TRANS HEX GROUP LIMITED - Notice of AGM, availability of integrated annual report and correction in respect of the financial results

Notice of AGM, availability of integrated annual report and correction in respect of the financial results

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
(“Trans Hex” or the “Company” or the “Group”)

NOTICE OF ANNUAL GENERAL MEETING, AVAILABILITY OF INTEGRATED ANNUAL REPORT
AND CORRECTION IN RESPECT OF THE FINANCIAL RESULTS

NOTICE OF ANNUAL GENERAL MEETING
                                                  
Notice is hereby given that the Company’s 39th annual general meeting of shareholders (“Annual
General Meeting”) will be held at the Company’s registered offices, 405 Voortrekker Road, Parow,
Cape Town on Monday, 26 August 2019 at 09:00, to transact the business as stated in the notice of
Annual General Meeting of the Company, which has been distributed to shareholders, today, Friday,
26 July 2019 and is also available on the Company’s website at www.transhex.co.za/financial-results/.

Salient dates
                                                                                                      2019
Record date to determine which shareholders are entitled to receive the                  Friday, 19 July
Notice of Annual General Meeting
Last day to trade in order to be eligible to attend and vote at the Annual              Tuesday, 13 August
General Meeting
Record date to determine which shareholders are entitled to attend and                   Friday, 16 August
vote at the Annual General Meeting
Forms of proxy for the Annual General Meeting to be lodged by 09:00                    Thursday, 22 August*
on

*Any forms of proxy not lodged by this date and time must be handed to the Chairman of the Annual General
Meeting before the appointed proxy exercises any of the relevant shareholder’s rights.

AVAILABILITY OF ANNUAL INTEGRATED REPORT

Shareholders are advised that the full Annual Integrated Report, including the audited annual financial
statements for the year ended 31 March 2019 (“Annual Financial Statements”), will be made available
on the Company’s website at www.transhex.co.za/financial-results/, by no later than Wednesday, 31 July 2019.

CORRECTION OF THE COMPANY’S EARNINGS PER SHARE AND NET ASSET VALUE PER SHARE

Shareholders are advised that the audited Annual Financial Statements contain revised earnings per
share (“EPS”) and net asset value per share (“NAVPS”) figures for the years ended 31 March 2019 and
31 March 2018 (restated). The EPS and NAVPS for the years ended 31 March 2019 and
31 March 2018 (restated), as disclosed in the Company’s Reviewed Provisional Condensed
Consolidated Financial Statements for the year ended 31 March 2019, released on SENS on Friday,
28 June 2019, were incorrectly stated, due to the non-controlling interest being incorrectly included in
the computation of earnings per share and net asset value per share.

The correction in regard to the EPS and NAVPS for the years ended 31 March 2019 and
31 March 2018 (restated) is detailed as follows:


                                                                Corrected               Previously
                                                                                         Reported
                                                          31 March     31 March     31 March 31 March
                                                              2019         2018         2019       2018
                                                                       Restated                Restated
  Earnings / (loss) per share – basic and diluted
  (cents)
  Continuing operations                                       58,9        (16,6)        56,2        (13,9)
  Discontinued operations                                     68,9       (185,0)        68,9       (185,0)
  Total                                                      127,8       (201,6)       125,1       (198,9)

  Net asset value per share (cents)
  Total                                                       244,0         125,0       268,0        152,0

REPORT OF THE INDEPENDENT AUDITOR

The external auditor, Mazars, has issued an unmodified audit opinion on the Annual Financial
Statements (“Audit Opinion”). The Audit Opinion does however contain the following emphasis of
matter paragraph:

Material uncertainty related to going concern

The accompanying financial statements have been prepared assuming that the Group will continue as a
going concern. Management’s evaluation of the events and conditions, includes management’s plans
regarding the potential disposal of the interest which Trans Hex Diamante Ltd holds in West Coast
Resources (Pty) Ltd as described in note 39 of the audited annual financial statements for the year ended
31 March 2019 (“AFS”). The financial statements do not include any adjustments that might result, should
the disposal not be concluded. As stated in note 39 of the AFS, these events or conditions, along with other
matters as set out in note 39 of the AFS, indicated that a material uncertainty exists that may cast significant
doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this
matter.


The Annual Financial Statements and the Audit Opinion will be made available for inspection at the
Company’s registered office, from Wednesday, 31 July 2019.

Cape Town
26 July 2019

Sponsor
One Capital

Date: 26/07/2019 09:07:00
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