| Fri 24 Oct 2008, 14:49 | | ELR/ELRP - ELB - Posting of annual report certain |
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ELR ELRP
ELR
ELR/ELRP - ELB - Posting of annual report, certain reallocations and notice of
annual general meeting
ELB GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1930/002553/06
Share code: ELR and ELRP
ISIN: ZAE000035101 and ZAE000035333
("ELB" or "the Group")
POSTING OF ANNUAL REPORT, CERTAIN REALLOCATIONS AND NOTICE OF ANNUAL GENERAL
MEETING
POSTING OF ANNUAL REPORT
Shareholders are advised that the 2008 annual report which contains the audited
annual financial statements for the year ended 30 June 2008 has been distributed
to shareholders today, 24 October 2008.
CERTAIN REALLOCATIONS
Since the publication of the provisional results for the year ended 30 June 2008
released on SENS on 19 September 2008, an amount of R 210 000, in respect of the
equity component of share options recognised, has been reallocated from ordinary
shareholders funds to minority interests in subsidiaries in the Group balance
sheet and the Group statement of changes in equity. Ordinary shareholders
reserves have decreased by R 210 000 from R 9 373 000 to R 9 163 000 and
ordinary shareholders total equity has decreased by R 210 000 from R 264 058 000
to R 263 848 000. This has resulted in the net asset value declining from 962
cents per ordinary share to 961 cents per ordinary share. Minority interests in
subsidiaries have increased by R 210 000 from R 21 500 000 to R 21 710 000.
Total Group equity remains unchanged at R 285 566 000.
There is no effect on the Group income statement and Group cash flow statement.
All other amounts remain the same, including profit for the year, profit for the
year attributable to ordinary shareholders, minority interests in profit for the
year, headline earnings for the year, earnings per ordinary share, basic and
diluted, and headline earnings per share, basic and diluted.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the seventy eighth annual general meeting of ELB
shareholders will be held at 14 Atlas Road, Anderbolt, Boksburg on Monday, 17
November 2008 at noon, to transact the business as stated in the annual general
meeting notice forming part of the annual financial statements.
DG Jones
Company Secretary
Boksburg
24 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/10/2008 14:49:10 Produced by the JSE SENS Department.
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