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AFRICAN RAINBOW MINERALS LIMITED - Change statement and notice of Annual General Meeting

Release Date: 27/10/2020 17:10
Code(s): ARI     PDF:  
Wrap Text
Change statement and notice of Annual General Meeting

African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM” or the “Company”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

CHANGE STATEMENT

Shareholders are advised that the Company’s 2020 Integrated Annual
Report, 2020 Notice of Annual General Meeting and 2020 Annual
Financial Statements were distributed to shareholders on Tuesday,
27 October 2020.

ARM’s suite of reports for the financial year ended 30 June 2020
are available on the Company’s website at www.arm.co.za from today,
27 October 2020 and include the following documents:
   - 2020 Integrated Annual Report;
   - 2020 Notice of Annual General Meeting
   - 2020 Annual Financial Statements;
   - 2020 Sustainability Report;
   - 2020 Corporate Governance Report;
   - 2020 Mineral Resources and Mineral Reserves Report; and
   - 2020 King IVTM Application Register

The audited 2020 Annual Financial Statements contain the following
non-material modification to the notes to the 2020 Annual Financial
Statements compared to the reviewed consolidated provisional
financial statements for the year ended 30 June 2020 released on
the Stock Exchange News Service (SENS) of the JSE Limited on Monday,
31 August 2020:

Note 2.1
Primary          Audited annual financial           Provisional results for the
segmental       statements for the year ended         year ended 30 June 2020
information            30 June 2020        
                     ARM        ARM                       ARM        ARM
               Corporate   Platinum    Total        Corporate   Platinum   Total
Cash
(outflow/
inflow from        (147)      (127)    (274)              823     (1 097)   (274)
financing
activities

The modification relates to Modikwa Mine and impacts only the
segmental information and does not affect any other financial
information in the 2020 Annual Financial Statements.

The 2020 Annual Financial Statements were audited by the Company’s
external auditor, Ernst & Young Inc. The external audit report,
including details on the qualified audit opinion and key audit
matters is available for inspection at ARM’s registered address
and on the following link
https://arm.co.za/wp-content/uploads/2020/10/2020-Independent-auditors-
report.pdf.

Copies of the 2020 Integrated Annual Report, 2020 Notice of Annual
General Meeting and 2020 Annual Financial Statements may be
obtained from ARM’s registered address or may be requested by
emailing ir.admin@arm.co.za

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 87th Annual General Meeting of
shareholders of the Company to transact the business as stated in
the 2020 Notice of Annual General Meeting will be held virtually
on Friday, 4 December 2020 at 14:00 South African time.

As a consequence of the impact of the global Covid-19 pandemic,
the board has authorised the Company to conduct the 2020 Annual
General Meeting by way of electronic participation only. Voting
via the electronic facility will be the only method available to
shareholders or proxies for shareholders to vote their shares at
the annual general meeting.

Details on how to participate electronically and vote at the 2020
Annual General Meeting are included in the 2020 Notice of Annual
General Meeting, which is available on the Company’s website at
www.arm.co.za

For purposes of Sections 59(1)(a) and (b) of the Companies Act 71
of 2008 (as amended), the record date for shareholders:
   - to be entitled to receive the Notice of Annual General Meeting
     is Friday, 16 October 2020; and
   - to be recorded as such in the register maintained by the
     transfer secretaries of the Company for the purposes of being
     entitled to participate in and vote at the Annual General
     Meeting is Friday, 27 November 2020 (“voting record date”).

The last day to trade in the Company’s shares in order to be
recorded as a shareholder by the voting record date is Tuesday,
24 November 2020.

ENDS

For all investor relations queries please contact:

Jongisa Magagula
Executive Director: Investor Relations          and   New   Business
Development
Tel:      +27 11 779 1300
E-mail:   jongisa.magagula@arm.co.za


Johannesburg
27 October 2020

Sponsor: Investec Bank Limited

Date: 27-10-2020 05:10:00
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