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HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Change Statement, posting of Integrated annual report and Notice of Annual General Meeting,

Release Date: 31/07/2019 17:45
Code(s): HCI     PDF:  
 
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Change Statement, posting of Integrated annual report and Notice of Annual General Meeting,

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)



CHANGE STATEMENT, POSTING OF INTEGRATED ANNUAL REPORT AND NOTICE OF
ANNUAL GENERAL MEETING, PUBLICATION OF BB-BEE CERTIFICATE


Shareholders are hereby advised that HCI’s annual financial statements for the year ended 31
March 2019 is available at https://www.hci.co.za/reports/HCI_AFS_2019.pdf


Shareholders are further advised that the integrated report, containing the summarised
consolidated group financial statements for the year ended 31 March 2019, was dispatched to
shareholders today, 31 July 2019.The integrated  report is also available at
https://www.hci.co.za/reports/Integrated_Report_2019.pdf


CHANGE STATEMENT
The audited annual financial statements contain the following modification to the reviewed
provisional consolidated results for the year ended 31 March 2019, released on SENS on
Wednesday 23 May 2019:


Property rental income of R1 094.4 million has been reclassified from Revenue to Property
rental income with the effect that Revenue has decreased from R15 332.6 million to R14 238.2
million and Property rental income has increased from Rnil million to R1 094.4 million in the
statement of profit or loss in the current year. The Company adopted IFRS 15 Revenue from
Contracts with Customers in the current year, in terms of which property rental income is not
treated as revenue. The reclassification has no impact on the comparative results and has no
impact on the statement of financial position or profit and loss.


NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting (“AGM”) will be held at 12:00 on
Thursday, 12 September 2019, at the registered offices of the Company, Suite 801, 76 Regent
Road, Sea Point 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 Friday, 6 September 2019 and accordingly the
last day to trade is Tuesday, 3 September 2019.


BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“The Act”): ANNUAL
COMPLIANCE REPORT
In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Listing
Requirements, notice is hereby given that the Company’s annual BB-BEE verification certificate
and annual compliance report in terms of section 13G(2) of the Act have been published and
are on the Company’s website at available at www.hci.co.za


Cape Town
31 July 2019
Sponsor: Investec Bank Limited

Date: 31/07/2019 05:45:00
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