SIM - Simmer & Jack Mines Limited - Change in financial year-end
SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Change in financial year-end
Simmer & Jack Mines, Limited
(Registration number 1924/007778/06)
Share Code: SIM
ISIN: ZAE0000067220
("Simmers" or the "Company")
CHANGE IN FINANCIAL YEAR-END
Shareholders are herewith advised that the Board of Simmers has approved the
change in financial year-end of the Company from 31 March to 30 June, with
effect from the current financial year. The JSE Limited ("JSE") and the
Companies and Intellectual Property Commission have subsequently approved the
change in year-end as well.
The rationale for the change in year-end is to ensure that the year-end of
both Village Main Reef Limited ("Village") and Simmers are aligned, in order
to reduce accounting and reporting complexity in relation to Simmers. Simmers
shareholders have voted in favour of disposing of the majority of its assets
to Village in exchange for Village shares. In order to ensure meaningful
reporting to Simmers shareholders and Village shareholders, and to reduce the
costs to Simmers shareholders, the Simmers Board has approved the change of
year-end.
Simmers will therefore publish and distribute a second set of interim results
to shareholders for the twelve month period ended 31 March 2011, with
comparative figures to the previous year, by no later than 30 June 2011.
Simmers will then also publish and distribute financial results for the
fifteen months ending 30 June 2011, by no later than 30 September 2011, as
well as publish annual financial statements for the extended financial period
in accordance with the regulations of the JSE.
Johannesburg
4 May 2011
Sponsor to Simmers
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 04/05/2011 14:40:01 Produced by the JSE SENS Department.
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