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Change Statement and Notice of Annual General Meeting

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

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

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 www.eforaenergy.com 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 segment as per the reviewed results issued on SENS

South Africa segment as per the Annual Financial Statements

(per note 3)

(per note 5)

2018

R’000

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 OF AGM
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 Report.
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.

Johannesburg
28 June 2019

Sponsor
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.

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IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES

If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.

Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.

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