| Wed 20 Aug 2008, 11:21 | | BSS - BSI (SA) Ltd - Proposed Name Change |
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BSS
BSS
BSS - BSI (SA) Limited - Audited Financial Statements, Notice Of Annual
General Meeting And Proposed Name Change
BSI (SA) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS & ISIN: ZAE000107371
("BSI" or "the company")
AUDITED FINANCIAL STATEMENTS, NOTICE OF ANNUAL GENERAL MEETING AND PROPOSED NAME
CHANGE
Shareholders are advised that the annual report for the year ended 31 March 2008
will be dispatched to shareholders today (20 August 2008) and contains the
following modifications to the audited results for that year, which were
published on SENS on 2 June 2008:
Annual Published
Report
Balance Sheet
Current tax receivable 1,337 303
Current tax payable 23,669 22,634
Tax receivable previously netted off to tax payable now separately
disclosed
Cash Flow statement
(98,420) (83,786)
Cash flows from operating
activities
Cash flow in investing activities (71,183) (78,028)
Cash flow from financing activities 161,272 159,282
Total cash movement for the year (8,332) (2,532)
Effect of exchange rate movement on 136 5 663
cash balances
(113,517) (113,517)
Total cash at end of year
The exchange rate movement of R5,6 million in the "Published" column
has been reallocated to the movement in the actual account balances
to which they relate.
In addition, there has been immaterial changes to the segmental information for
2007.
Notice is hereby given that the annual general meeting of shareholders of the
company will be held on Thursday, 11 September 2008 at 9h00 at the Michelangelo
Hotel Business Centre, Nelson Mandela Square, Sandton, to transact the business
as stated in the notice of annual general meeting forming part of the annual
report.
The notice of annual general meeting includes a proposed resolution to change
the company`s name from BSI (SA) Limited to BSI Steel Limited.
While BSI`s core business remains the sale, processing and distribution of
steel, the board is of the opinion that the new name is better suited to the
market within which the company operates.
The abbreviated name on the JSE will be BSI Steel, JSE code remains BSS and the
new ISIN ZAE000125134 from the commencement of business on Monday, 6 October
2008.
TIMETABLE FOR THE PROPOSED CHANGE OF NAME
The timetable as included in the notice of annual general meeting for the name
change is as follows:
Notice of annual general meeting Wednesday, 20 August 2008
containing information re change of name,
posted to shareholders and released on
SENS
Last day to lodge forms of proxy for the Wednesday 10 September 2008
general meeting by 09h00 on
Annual general meeting at 9h00 on Thursday, 11 September 2008
Results of annual general meeting released Thursday, 11 September 2008
on SENS including information relating to
change of name
Special resolution registered with Thursday, 25 September 2008
Registrar of Companies by no later than Friday, 26 September 2008
Finalisation date
Last day to trade Friday, 3 October 2008
Change of name effective from commencement Monday, 6 October 2008
of trading on
List and trade new shares in the new name Monday, 6 October 2008
from commencement of trading on
Record date Friday, 10 October 2008
Replacement share certificates will be Monday, 13 October 2008
posted to certificated shareholders,
provided their share certificate/s
together with a form of surrender has been
received by the transfer secretaries
before 12h00 on the record date. Any share
certificates received after 12h00 on the
record date will be replaced within 5
business days after receipt.
Dematerialised shareholder accounts at
CSDP and/or brokers updated on
Note: The above dates and times are subject to amendment. Any such amendment
will be released on SENS. Shareholders will not be able to dematerialise or
rematerialise securities in the name of BSI (SA) Limited after Friday, 3 October
2008.
Johannesburg
20 August 2008
Designated Adviser
Vunani Corporate Finance
Date: 20/08/2008 11:16:38 Produced by the JSE SENS Department.
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