| Fri 2 Dec 2011, 9:03 | | VIF - Vividend Income Fund Limited - Change statement notice of Annual |
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VIF
VIF
VIF - Vividend Income Fund Limited - Change statement, notice of Annual
General Meeting and posting of annual report
VIVIDEND INCOME FUND LIMITED
Previously known as Business Venture Investments No 1381 (Proprietary)
Limited
(Incorporated in the Republic of South Africa under Registration Number
2010/003232/06)
JSE CODE: VIF
ISIN: ZAE000150918
("Vividend" or "the Company")
CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND POSTING OF ANNUAL
REPORT
CHANGE STATEMENT AND POSTING OF ANNUAL REPORT
Shareholders are advised that the annual report for the year ended 31
August 2011 has been posted to shareholders today, 2 December 2011. There
have been no changes to the reviewed consolidated financial results for the
year ended 31 August 2011 published on SENS on Friday, 4 November 2011,
except for the following modifications to the reconciliation between
earnings and distributable earnings:
R`000 Before AFTER CHANGE
Earnings attributable to equity holders 3 243 3 243 -
Fair value adjustments, net of deferred (5 831) - 5 831
tax
Capital costs incurred on listing 4 670 - (4 670)
Fair value adjustments - (6 780) (6 780)
Tax effect of fair value adjustments - 949 949
Headline earnings / (loss) before 2 082 (2 588) (4 670)
debenture interest
Debenture interest 34 782 34 782 -
Headline earnings attributable to linked 36 864 32 194 (4 670)
unitholders
Straight-lining of leases adjustment, net (2 082) (2 082) -
of deferred tax
Distributable earnings attributable to 34 782 34 782 -
linked unitholders
Headline earnings per share (cents) 2,53 (3.15) (5.68)
Headline earnings per linked unit (cents) 44,81 39.14 (5.67)
The capital costs incurred on listing were previously excluded from
headline earnings, however in terms of IAS 33 and SAICA Circular 03/09 the
capital costs incurred on listing should be included in headline earnings
as included in the Company`s annual report. The modifications to the
reconciliation between earnings and distributable earnings table as
disclosed above have no effect on the statement of comprehensive income,
statement of financial position, statement of changes in equity and the
statement of cash flow.
NOTICE OF GENERAL MEETING
Notice is hereby given that the Annual General Meeting ("AGM") of
shareholders of Vividend will be held on Friday, 20 January 2012, at 11:30
Unit 6, Rozenhof Office Court, 20 Kloof Street, Gardens, Cape Town to
transact the business stated in the notice of AGM, which notice forms part
of the annual report.
The date on which shareholder must be recorded in the share register
maintained by the transfer secretaries of the Company for purposes of being
entitled to attend and vote at the AGM is Friday, 13 January 2012, with the
last day to trade being Friday, 6 January 2012.
2 December 2011
Cape Town
Sponsor
PSG Capital
Date: 02/12/2011 09:03:22 Produced by the JSE SENS Department.
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