LABAT AFRICA LIMITED LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat" or "the Company")
ISIN Code: ZAE 000018354 Share code: LAB
LEI 9845000R73DF5EE41J88
CHANGE STATEMENT, POSTING OF INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING AND BROAD-BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT
Change Statement
Shareholders are advised that the Company's Integrated Annual Report incorporating, inter alia, the financial statements for the twelve months ended 31 August 2021 and a notice of the annual general meeting, will be available on the Company's website, www.labat.co.zafrom 21 February 2022. The Integrated Annual Report is in the process of being printed and will be posted or emailed to shareholders during the course of this week.
The audited condensed consolidated annual financial statements contain no modifications to the reviewed provisional condensed consolidated financial results for the year ended 31 August 2021 released on SENS on 31 December 2021 other than the following reclassifications on the Statement of Financial Position, which in turn impacted the Statement of Cash Flows:
Audited | Reviewed | Difference | |||
Note | R 000's | R 000's | R 000's | ||
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |||||
Current Assets | |||||
Loans to directors and shareholders | 1 | 2 698 | - | 2 698 | |
Trade and other receivables | 1 | 7 048 | 9 746 | (2 698) | |
Non-Current Liabilities | |||||
Deferred revenue | 2 | 2 264 | 3 105 | (841) | |
Other financial liabilities | 2 | 16 461 | 15 620 | 841 | |
Current Liabilities | |||||
Other financial liabilities | 3 | 1 801 | 2 701 | (900) | |
Contingent consideration | 3 | 900 | - | 900 | |
CONSOLIDATED STATEMENT OF CASH FLOWS | |||||
Cash generated from operations | 1 | (4 320) | (7 018) | 2 698 | |
Cash flows from investing activities | |||||
Loans to directors and shareholders | 1 | (2 698) | - | (2 698) |
The reclassification arose due to the following:
- A Loan to a Shareholder, in one of the Labat Healthcare businesses, was classified under Trade and Other Receivables. This has now been corrected.
- Certain Deferred Revenue was classified under Other Financial Liabilities. This has now been corrected.
- Contingent Consideration was classified under Other Financial Liabilities. This has now been separately disclosed.
Notice of Annual General Meeting and Amendment thereto
Notice is hereby given that the annual general meeting of ordinary shareholders will be held at 10:00 on Tuesday, 10 May 2022 at 23 Kroton Avenue, Weltervreden Park, to transact the business as stated in the notice of annual general meeting forming part of the Integrated Report.
Record Dates
The record date on which shareholders of the Company must be registered as such in the Company's securities register in order to attend and vote at the annual general meeting is Friday, Friday, 29 April 2022. The last day to trade in order to be eligible to vote at the annual general meeting will accordingly be Monday, 25 April 2022.
The record date for shareholders to receive the Integrated Annual Report is Friday, 11 February 2022.
Availability of Broad-Based Black Economic Empowerment Annual Compliance Report
Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the Company's annual compliance report 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, the Company's BEE certificate, which is valid for the 2021/2022 period, is available on the Company's website, www.labat.co.za.
Johannesburg
21 February 2022
Sponsor
AcaciaCap Advisors Proprietary Limited
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Disclaimer
Labat Africa Ltd. published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 09:00:04 UTC.
