26 May 2020 NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of the Members of Edgars Stores Limited (“Edgars ” or “the Company”) will be held at LAPF 1st Floor, Corner 8th Avenue and Jason Moyo Street in Bulawayo on Tuesday, 16 June at 1200 hours ...
26 May 2020 [Excerpts from the Circular]
THE PROPOSED TRANSACTION
The Board is proposing a Renounceable Rights Offer to recapitalize Edgars by way of a rights offer of 274,745,630 (Two hundred and seventy- four million, seven hundred and forty five thousand, six hundred and thirty) ordinary shares of a nominal ...
19 May 2020 Financial Reporting in Hyper Inflationary Economies - IAS 29
We are operating in a hyper inflationary environment and the entity will continue reporting in compliance with IAS 29. However, for this trading update, the Group reported based on historical cost.
Group Performance
The Group has not been spared ...
15 May 2020 The Board of Directors of Edgars Stores Limited releases its 2019 audited financial results presentation, below are excerpts from the presentation.
EXECUTIVE SUMMARY
Functional currency: ZWL$.
Implemented (IAS 29)-below commentary based on historical numbers
Revenue growth: Group 241.8% (Edgars 283%, Jet 223%)
PAT increase 507.2% to ZWL$ 51.6m.
Good quality debtors ...
13 May 2020 INTRODUCTION
I am pleased to present the Edgars Stores Limited Group financial results for the 52 weeks ended 5 January 2020. The commentary on the financials is based on the inflation adjusted numbers. The historical numbers are shown as supplementary information as they have not been ...