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WESCOAL HOLDINGS LIMITED - No change statement, notice of annual general meeting, availability of the BBBEE annual compliance report

Release Date: 31/07/2019 16:11
Code(s): WSL     PDF:  
 
Wrap Text
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
ISIN: ZAE000069639
(“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
EARNINGS RECONCILIATION

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,
https://www.wescoal.com/investors/annual-reports-and-results/annual-reports/:

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:

                                                                        2019                    2018
                                                                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
 company
 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

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

IR Advisor
Singular IR

Date: 31/07/2019 04:11:00
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