No change statement, notice of annual general meeting, availability of the BBBEE annual compliance report
WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
(“Wescoal” or the “Company” or the “Group”)
NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING, AVAILABILITY OF THE BROAD-
BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT AND HEADLINE
Integrated annual report and no change statement
Shareholders are advised that Wescoal’s integrated annual report, incorporating the audited annual
financial statements for the year ended 31 March 2019 (on which the auditors expressed an
unmodified audited opinion), has been dispatched to shareholders today, 31 July 2019. The integrated
annual report and the auditor’s report contain no changes from the provisional summarised audited
consolidated results for the year ended 31 March 2019, which were released on SENS on 25 June 2019.
The integrated annual report is available on the Company's website,
Notice of annual general meeting
The integrated annual report contains a notice of annual general meeting of Wescoal’s shareholders,
which will be held the Company’s registered offices, First Floor, Building 10, Woodmead Business Park,
142 Western Service Road, Woodmead, on Wednesday, 16 October 2019 at 10:00.
The record date on which shareholders must be recorded as such in the register maintained by the
transfer secretaries of the Company for the purposes of being entitled to attend and vote at the annual
general meeting is 10:00 on Friday, 11 October 2019.
Broad-based Black Economic Empowerment annual compliance report
Shareholders are further notified that the Company's B-BBEE annual compliance report for the year
ended 31 March 2019 in terms of section 13G(2) of the Broad-Based Black Economic
Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment
Act 46 of 2013, has been published and is available on the Company’s website.
Headline earnings reconciliation
The headline earnings and diluted headline earnings per share reconciliation for the year ended 31
March 2019, as extracted from the integrated annual report, is as follows:
Gross Net Gross Net
Headline/diluted headline earnings per share
Net profit for the year attributable to owners of the 146 712 87 655 290 920 201 400
Profit on disposal of property, plant and equipment (16 325) (11 539) (886) (638)
Gain on bargain purchase - - (6 638) (6 638)
Headline earnings 130 387 76 116 283 396 194 125
Headline earnings per share (cents) - 17.50 - 46.37
Diluted headline earnings per share (cents) - 17.50 - 66.32
31 July 2019
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 31/07/2019 04:11:00
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