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NIVEUS INVESTMENTS LIMITED - Change Statement and Notice of Annual General Meeting

Release Date: 31/07/2019 17:00
Code(s): NIV     PDF:  
Wrap Text
Change Statement and Notice of Annual General Meeting

NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
(“Niveus” or “the Company”)


CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING


Shareholders are hereby advised that Niveus’ integrated annual report, containing the audited
annual financial statements for the year ended 31 March 2019, was dispatched to
shareholders today,31 July 2019 and is available at
http://www.niveus.co.za/pdf/Niveus_IAR_2019.pdf.


CHANGE STATEMENT


The audited annual financial statements contain the following modification to the reviewed
provisional consolidated results for the year ended 31 March 2019, released on SENS on
Wednesday 23 May 2019:


Property rental income of R18.4 million has been reclassified from Revenue to Property rental
income with the effect that Revenue has decreased from R18.4 million to Rnil and Property
rental income has increased from Rnil million to R18.4 million in the statement of profit or loss
in the current year. The Company adopted IFRS 15 Revenue from Contracts with Customers
in the current year, in terms of which property rental income is not treated as revenue. The
reclassification has no impact on the comparative results and has no impact on the statement
of financial position, earnings or headline earnings.


NOTICE OF ANNUAL GENERAL MEETING


Notice is hereby given that the annual general meeting of Niveus will be held on Thursday, 12
September 2019 at 08:00 at the offices of Hosken Consolidated Investments Limited, Suite
801, 76 Regent Road, Sea Point, 8005 to transact the business set out in the notice of the
annual general meeting on pages 80 to 86 of the integrated annual report.
The date on which shareholders must be recorded as such in the share register to be eligible
to vote at the annual general meeting is Friday, 6 September 2019, with the last day to trade
being Tuesday, 3 September 2019.


In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Listing
Requirements, notice is hereby given that the Company’s annual compliance report in terms
of section 13G(2) of the Act has been published and is available on the Company’s website at
http://www.niveus.co.za/pdf/BBBEE_Compliance.pdf .



Cape Town
31 July 2019


Sponsor
Investec Bank Limited

Date: 31/07/2019 05:00:00
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