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 CHANGE STATEMENT, POSTING OF INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders of the Company (“Shareholders”) are hereby advised that the Company’s integrated annual report (“Integrated Report”), incorporating the summary audited consolidated annual financial statements of the Company for the year ended 29 February 2020 (“Summary Annual Financial Statements”) and the notice of the annual general meeting of the Company (“Notice of AGM”) was dispatched to Shareholders today, 1 July 2021, and contains the following modification to the reviewed results which were announced on SENS on 31 August 2020 (“Reviewed Results”):
• Note 15 of the Reviewed Results contained disclosures relating to the fair value of loans and other receivables. The fair value of these financial instruments was disclosed as R358.4 million in the Reviewed Results. Subsequently, the fair value of loans and other receivables was determined to be R394.4 million as disclosed in the Summary Annual Financial Statements in Note 15. This change only impacts the disclosures made in the financial statements and does not impact either the Statement of Financial Position or the Statement of Comprehensive Income as loans and other receivables are accounted for at amortised cost.
The Integrated Report and the full set of Annual Financial Statements will also be available on the Company’s website, at www.eforaenergy.com as from today, 1 July 2021. The full auditor’s report includes details of key audit matters. This auditor’s report is available, along with the full set of annual financial statements, on the Company’s website at www.eforaenergy.com.
NOTICE OF AGM
Notice is hereby given that the annual general meeting (“AGM”) will be held at 10H00 on Friday, 30 July 2021 to transact the business as set out in the notice of AGM which forms part of the Integrated Report. Although the intention is to hold the AGM as scheduled on 30 July 2021 at the set venue, Efora strongly encourages its shareholders not to attend in person but to exercise their voting rights by way of electronic or written proxy and to submit their questions relating to the 2020 AGM agenda in advance as outlined in the Notice of AGM.
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 Friday, 23 July 2021, with the last day to trade being Tuesday, 20 July 2021.
1 July 2021
For further information please contact:
Efora Energy Limited
+27 (0)10 591 2260
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 throughout Southern 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.
IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES
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