| Thu 1 Oct 2009, 15:31 | | HCI - Hosken Consolidated Investments - Change statement and notice of Annual |
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HCI
HCI
HCI - Hosken Consolidated Investments - Change statement and notice of Annual
General Meeting
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
"HCI" or "the company" or "the group"
Incorporated in the Republic of South Africa
Registration number 1973/007111/06
Share code: HCI & ISIN: ZAE000003257
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the Company`s annual report for the year ended 31
March 2009 was posted to shareholders on 28 September 2009 and contains
modifications to the Reviewed Results which were published on 15 May 2009.
- Assets valued at R277 million that had been classified as property, plant
and equipment have now been classified as Intangible assets in the audited
balance sheet, so as to more correctly reflect the nature of these assets, and;
- Prepaid expenses valued at R26 million that had been classified as long
term receivables have now been offset against long term borrowings in the
audited balance sheet, and;
- Assets valued at R2 million that had been classified as finance lease
receivables have now been classified as long term receivables in the audited
balance sheet, and;
- Assets valued at R2 million that had been classified as intangible assets
have now been classified as long term receivables, and;
Assets valued at R4 million that had been classified as current assets have now
been offset against the current liabilities in the audited balance sheet.
The reclassifications have no impact on the earnings per share, headline
earnings per share or net asset value per share.
PKF (Jhb) Inc audited the annual financial statements of HCI and their report is
available for inspection at the registered offices of the company.
Notice of the Annual General Meeting
The Notice of Annual General Meeting was posted to shareholders on 28 September
2009 and notice is hereby given that the annual general meeting of the company
will be held at 11:30 on Monday, 26 October 2009, at the offices of HCI, Block
B, Longkloof Studios, Darters Road, Gardens, Cape Town to transact business as
stated in the notice of the annual general meeting.
Cape Town
1 October 2009
Sponsor
Investec Bank Limited
Date: 01/10/2009 15:31:01 Produced by the JSE SENS Department.
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