SBV/SVN - Sabvest - Change statement and notice of annual general meeting
SBV
SBV
SBV/SVN - Sabvest - Change statement and notice of annual general meeting
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
ISIN: ZAE000006417 - ordinary shares
ISIN: ZAE 000012043 - "N" ordinary shares
Share code: SBV - ordinary shares
Share code: SVN - "N" ordinary shares
("Sabvest" or "the group")
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Change Statement
With regard to the reviewed results for the year ended 31 December 2008,
shareholders are advised that the annual financial statements will be
distributed to shareholders today, 27 May 2009, and contain only one
modification to the reviewed results which were published on SENS on 26 February
2009, which is as follows:
The reviewed results contained the following: "The group is cautiously confident
that both headline earnings per share and earnings per share in the year ahead
will not be less than the headline earnings per share in the current year."
The audited annual financial statements state: "We wish to advise shareholders
that trading conditions in a number of the businesses of our associates and
investments have weakened to a greater extent than expected since the release of
the results. Under these circumstances we now expect headline earnings per
share and earnings per share for 2009 to be lower than headline earnings per
share in 2008."
These projections have not been reviewed and reported on by the group`s
auditors.
Notice of Annual General Meeting
Notice is hereby given that the annual general meeting of Sabvest`s shareholders
will be held in the board room at Ground Floor, Commerce Square, Building 4, 39
Rivonia Road, Sandhurst, Sandton on 23 June 2009 at 11h00 to transact the
business as stated in the annual general meeting notice forming part of the
annual financial statements.
Sandton
27 May 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/05/2009 16:18:02 Produced by the JSE SENS Department.
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