| Thu 30 Apr 2020, 14:00 | | WESIZWE PLATINUM LIMITED - Abridged Group Financial Statements, Release of Integrated Annual Report and Notice of Annual General Meeting |
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Abridged Group Financial Statements, Release of Integrated Annual Report and Notice of Annual General Meeting: https://senspdf.jse.co.za/documents/2020/jse/isse/wez/AnnWEZ19.pdf
Abridged Group Financial Statements, Release of Integrated Annual Report and Notice of Annual General Meeting
WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2003/020161/06
Share code: WEZ
ISIN number: ZAE000075859
(“Wesizwe” or “the Company”)
ABRIDGED GROUP FINANCIAL STATEMENTS FOR WESIZWE PLATINUM LIMITED FOR
YEAR ENDED 31 MARCH 2019, RELEASE OF INTEGRATED ANNUAL REPORT AND
NOTICE OF ANNUAL GENERAL MEETING
1. SALIENT FEATURES
Administration expenses increased by 222% to R65.64 million, from R20.36 million in the
prior corresponding period.
Headline earnings per share (“HEPS”) increased by 212% to 5.95 cents per share, from
a Headline loss of 5,31 cents per share in the prior corresponding period.
Earnings per share (“EPS”) increased by 217% to 6.33 cents per share, from a 5.40 cents
loss per share in the prior corresponding period.
2. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement (“Full
Announcement”) and does not contain full or complete details. The Full Announcement
can be found at:
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/WEZ/AnnWEZ19.pdf
Copies of the Full Announcement is also available for viewing on the Company’s website
at https://wesizwe.co.za/cmsAdmin/uploads/wesizwe-december-2019-annual-financials-
final-version.pdf or may be requested in person, at the Company’s registered office or the
office of the sponsor, at no charge, during office hours.
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
These annual results have been audited by the Company’s auditors,
SizweNtsalubaGobodo Grant Thornton Inc. who expressed an unmodified audit opinion
thereon. The full auditor’s report includes details of key audit matters. This auditor’s report
is available, along with the annual financial statements, on the Company’s website at
https://wesizwe.co.za/cmsAdmin/uploads/wesizwe-december-2019-annual-financials-
final-version.pdf.
3. RELEASE OF INTERGRATED ANNUAL REPORT AND NOTICE OF AGM
Shareholders are hereby advised that the integrated annual report was released today
electronically due to the Company operating within the mechanisms available during the
Covid-19 restrictions. The integrated annual report, which incorporates the notice of
annual general meeting to be held at Holiday Inn Sandton, 123 Rivonia Road, Sandton,
Johannesburg on Friday, 10 July 2020 at 09h00. The integrated report will also be
available on the company’s website at www.wesizwe.com. The date on which
shareholders must be recorded as such in the share register for purposes of being entitled
to attend and vote at this meeting is Friday, 03 July 2020 (record date) with the last day to
trade being Tuesday, 30 June 2020.
Johannesburg
30 April 2020
Sponsor
PSG Capital
Date: 30-04-2020 02:00:00
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