Labat Africa Limited announced that it has changed its financial year end from August 31, 2022 to May 31, 2022. The reason for the change in year end is to align the financial reporting periods of Labat and all the various subsidiaries pursuant to the acquisitions over the past two years. The Company had experienced delays in its financial reporting due to the problems with the different reporting periods and different audit firms. The audit function will also be streamlined, with the same audit firm to be appointed to all group companies.

To comply with paragraph 3.15 of the JSE Listings Requirements, Labat will publish audited results for the nine months ending May 31, 2022 within three months of May 31, 2022; issue and distribute an integrated annual report and notice of annual general meeting (with audited financial statements for the nine months ending May 31, 2022) within four months of May 31, 2022.