Shareholders are reminded that the Company published reviewed results for year ended 30 September 2020 on 3 February 2021. The audit is in the process of being finalised, with, inter alia, some late adjustments being identified and technicalities around the accounting treatment in terms of IFRS. It is also noted that the audited results may well reflect an improvement compared to the reviewed results published on 3 February 2021.
In accordance with paragraph 18.104.22.168 of the ZAR X Listings Requirements, shareholders are hereby advised that a reasonable degree of certainty exists that the profit after tax for the year ended 30 September 2020 will be materially higher (improved) than the reviewed results published for the same period.
Orion expects to publish its audited financial results and Annual Report for the year ended 30 September 2020 no later than 30 April 2021. ZAR X has approved the request for an extension to finalise the publication of audited results and posting of the Annual Report to 30 April 2021.
BY ORDER OF THE BOARD
AcaciaCap Advisors Proprietary Limited
30 March 2021