AH-VEST LIMITED - Notice of Change Statement, Availability of Integrated Report and Notice of Annual General Meeting

Notice of Change Statement, Availability of Integrated Report and  Notice of Annual General Meeting

AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL      ISIN code: ZAE000129177
(“AH-Vest” or “the Company” or “the Group”)


NOTICE OF CHANGE STATEMENT, AVAILABILITY OF INTEGRATED REPORT AND
NOTICE OF ANNUAL GENERAL MEETING


1.   AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS AND NOTICE OF CHANGE STATEMENT

Shareholders are advised that AH-Vest’s Integrated Report incorporating, inter alia, the audited
annual financial statements for the year ended 30 June 2019 (“the Financial Statements”) and a
notice of annual general meeting (“AGM”) is available with immediate effect on the Company’s
website, www.alljoy.co.za.

The Financial Statements contain a change to the Condensed Group Statement of Financial
Position, being a restatement between property, plant and equipment and right of use of assets,
and the correction of minor rounding errors on the Condensed Group Statement of Financial
Position, the Condensed Group Statement of Comprehensive Income, the Condensed Group
Statement of Changes in Equity and the Condensed Group Statement of Cash Flows, from those
contained in the Reviewed Provisional Condensed Consolidated Financial Results for the Year
Ended 30 June 2019 published on SENS on 11 October 2019 (“SENS Announcement”).

The aforementioned changes do not result in any changes to the earnings and headline
earnings per share information contained in the SENS Announcement.

The reason for the restatement between property, plant and equipment and the right of use
assets is that certain leased assets were also classified as property, plant and equipment in the
SENS Announcement. The Financial Statements were restated such that all leased assets were
classified as right of use assets in the Group Statement of Financial Position.

The salient features of the Audited Abridged Condensed Consolidated Financial Results for the
Year Ended 30 June 2019 highlighting the change to the SENS Announcement are set out below.

Short-Form Announcement
Extracted from the Audited Condensed Consolidated Financial Statements

                                              30 June 2019        30 June 2019
                                                   Audited            Reviewed        Difference
                                                         R                   R                 R
 Revenue                                       177 106 210         177 106 210                 0
 Operating Profit                               12 318 025          12 318 022                 3
 Headline earnings per share                          5.90                5.90                 0
 Earnings per share                                   5.81                5.81                 0

The short-form announcement is the responsibility of the directors and is only a summary of
information in the full announcement which is available on the Company’s website
(www.alljoy.co.za). This announcement does not contain full or complete details and any
investment decisions by investors and/or shareholders should be based on consideration of
the published SENS available on:
https://senspdf.jse.co.za/documents/2019/JSE/ISSE/AHL/AHLAUDFY19.pdf

Copies of the full announcement may be requested from the Company
(ChrisS@alljoy.co.za) or inspected at the registered office and/or the Designated Advisors’
office, at no charge, during office hours.

2.    NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting of ordinary shareholders will be held at
10:00 on Thursday, 23 January 2020 at 15 Misgund Road, Eikenhof, Johannesburg, to transact the
business as stated in the notice of annual general meeting forming part of the Integrated Report.

The record date by which shareholders of the Company must be registered as such in the
Company’s securities register in order to attend and vote at the AGM is Friday, 17 January 2020.
The last day to trade in order to be eligible to vote at the AGM will accordingly be Tuesday,
14 January 2020.

Johannesburg
29 November 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 02-12-2019 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.