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POY
POY
POY - Poynting Holdings - Change Statement And Notice Of Annual General Meeting
POYNTING HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/011142/06)
Share code: POY ISIN: ZAE000121299
("Poynting" or "the Company")
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
CHANGE STATEMENT
Shareholders are advised that the Company`s Annual Report for the year ended 30
June 2009 was dispatched on 17 December 2009 and contains no modifications to
the Condensed Consolidated Provisional Financial Statements for the year ended
30 June 2009 published on 30 September 2009 other than those detailed below:
Re-classification of cash flows
Reviewed Re- Audited
30 June classification 30 June
2009 R`000 2009
R`000 R`000
Cash flow from operating (779) 100 (679)
activities
Cash flow from investing (9 456) - (9 456)
activities
Cash flow from financing 20 036 (100) 19 936
activities
Increase in cash and cash 9 801 - 9 801
equivalents
Cash and cash equivalents at (4 365) - (4 365)
beginning of the year
Cash and cash equivalents at end 5 436 - 5 436
of the year
The re-classification results from the incorrect movement disclosure of trade
and other payables, trade and other receivables and repayment of shareholders`
loans.
Incorrect segmental cost of sales
Reviewed Re- Audited
30 June classification 30 June
2009 R`000 2009
R`000 R`000
Segmental cost of sales
Commercial (26 712) 186 (26 526)
Defence (5 786) - (5 786)
Base Station (4 358) - (4 358)
Total (36 856) 186 (36 670)
The incorrect cost of sales for the commercial division is a result of incorrect
calculations of the segmental reporting. This correction has aligned the segment
report with the income statement and has no impact on the income statement.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the second annual general meeting of shareholders of
Poynting will be held at 33 Thora Crescent, Wynberg, Sandton, 2090 at 10:00 on
Wednesday, 20 January 2010, to transact the business stated in the notice of the
annual general meeting, which notice forms part of the Annual Report.
Johannesburg
17 December 2009
Auditor
KPMG Inc.
Designated Adviser
Merchantec Capital
Date: 17/12/2009 13:30:01 Produced by the JSE SENS Department.
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