| Fri 16 Apr 2021, 12:00 | | BRIMSTONE INVESTMENT CORPORATION LIMITED - Availability of integrated report, change statement, details of annual general meeting and annual compliance report |
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Availability of integrated report, change statement, details of annual general meeting and annual compliance report
Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
ISIN code: ZAE000015277 Share code: BRT
ISIN code: ZAE000015285 Share code: BRN
(“Brimstone” or the “Company”)
AVAILABILITY OF INTEGRATED REPORT, CHANGE STATEMENT, DETAILS OF ANNUAL GENERAL MEETING
AND ANNUAL COMPLIANCE REPORT
Availability of integrated report and change statement
Further to Brimstone's reviewed provisional consolidated financial results for the year ended
31 December 2020, published on SENS on 3 March 2021 (“Reviewed Provisional Results”), the integrated
report for the year ended 31 December 2020 and notice of annual general meeting were distributed to
shareholders on 16 April 2021. The audited consolidated annual financial statements included in the integrated
report contain the reclassifications detailed in paragraphs 1 and 2 below. There have been no other changes.
1. Changes to the statement of cash flows
Audited consolidated
Reviewed Provisional annual financial
Results statements
for the year ended for the year ended
R'000s 31 December 2020 31 December 2020 Change
Operating activities 825 951 758 787 (67 164)
Investing activities 510 741 536 488 25 747
Financing activities (1 228 545) (1 187 128) 41 417
- Insurance proceeds of R25.7 million were reclassified from operating activities to investing activities.
- Finance costs paid of R41.4 million were reclassified from financing activities to operating activities.
- There has been no changes to the net cash balance.
2. Changes to the segmental information
Audited consolidated
Reviewed Provisional annual financial
Results statements
for the year ended for the year ended
R'000s 31 December 2020 31 December 2020 Change
Segment liabilities
- Insurance 289 591 324 591 35 000
- Clothing 236 191 39 356 (196 835)
- Investments 3 060 720 3 222 555 161 835
- The above reclassifications were made to more appropriately reflect individual segment liabilities.
The integrated report, together with the audited consolidated annual financial statements and the auditor’s
unmodified audit opinion by Deloitte & Touche, which contains the key audit matters, are available on the
Company’s website at https://www.brimstone.co.za/investor-relations/results-reports/ and for inspection at
Brimstone’s registered office, 1st Floor, Slade House, Boundary Terraces, 1 Mariendahl Lane, Newlands.
Annual general meeting
The annual general meeting (“AGM”) of Brimstone shareholders will be held at 11:30 on Wednesday, 19 May
2021 to transact the business as stated in the notice of AGM forming part of the integrated report.
As a result of the COVID-19 outbreak and guidance from authorities regarding the need for social distancing,
the AGM will be conducted entirely by electronic communication as permitted by the Companies Act, No. 71 of
2008, as amended.
Shareholders or their duly appointed proxy(ies) who wish to participate in the AGM via electronic
communication (“Participant(s)”) must either (1) register online using the online registration portal at
www.smartagm.co.za; or (2) apply to Computershare Investor Services (Pty) Ltd (“Computershare”), by
delivering the duly completed electronic participation form to: First Floor, Rosebank Towers, 15 Biermann
Avenue, Rosebank 2196, or posting it to Private Bag X9000, Saxonwold, 2132 (at the risk of the Participant), or
send it by email to proxy@computershare.co.za so as to be received by Computershare by no later than 11:30
on Friday, 14 May 2021. The electronic participation form can be found as an insert to the notice of AGM.
Salient dates of the AGM
2021
Record date for determining which shareholders are entitled to Friday, 9 April
receive the notice of AGM
Notice of AGM distributed to shareholders on Friday, 16 April
Last day to trade to be eligible to attend, participate and vote at the Tuesday, 11 May
AGM
Record date to attend, participate and vote at the AGM Friday, 14 May
Forms of proxy to be lodged preferably by 11:30 on Monday, 17 May
AGM to be held at 11:30 on Wednesday, 19 May
Results of AGM to be released on SENS on or about Wednesday, 19 May
Annual compliance report
Shareholders are advised that the Company’s annual compliance report in terms of section 13G(2) of the Broad-
Based Black Economic Empowerment Amendment Act, No 46 of 2013, is available on the Company’s website
at https://www.brimstone.co.za/about/who-we-are/.
Cape Town
16 April 2021
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 16-04-2021 12:00:00
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