Change Statement and Notice of Annual General Meeting
EFORA ENERGY LIMITED
(Formerly SacOil Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL ISIN: ZAE000248258
(“Efora” or “the Company” or “the Group”)
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”), incorporating the summarised audited consolidated annual financial statements of the Company for the year ended 28 February 2018 (“Summarised Annual Financial Statements”) and the notice of the annual general meeting of the Company (“AGM”) was dispatched to Shareholders today, 29 June 2018. The Integrated Report and the audited consolidated annual financial statements (“Annual Financial Statements”) from which the Summarised Annual Financial Statements are derived will also be available on the Company’s website, at www.eforaenergy.com as from today, 29 June 2018.
The above mentioned Annual Financial Statements contain no modifications to the condensed provisional consolidated reviewed results which were announced on SENS on 31 May 2018, save for an adjustment arising from a reclassification of a loan of R210 million granted to Afric Oil Proprietary Limited, a subsidiary of the Company, by the Unemployment Insurance Fund from non-current to current.
The above had no impact on the Group’s statement of comprehensive income, total assets, total liabilities, equity, total cash flows from either operating activities, investing activities or financing activities, nor on cash and cash equivalents available at either the beginning or the end of the year. As a result of the abovementioned reclassification, the Group reduced its non-current liabilities by R210 million with a corresponding increase in current liabilities.
NOTICE OF AGM
Notice is hereby given that the AGM will be held at 11:00 on Tuesday, 25 September 2018 at 1st Floor, 12 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 14 September 2018, with the last day to trade being 11 September 2018.
29 June 2018
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.