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2023-06-30 1:38 PM

MR PRICE GROUP: Strong Financials, AGM Notice, & Shareholding Surge

  • MR PRICE GROUP distributes 2023 Integrated Report and audited annual financial statements to shareholders, providing comprehensive information on the company's performance and financial results.
  • The company announces the date and venue for its 90th Annual General Meeting (AGM) of shareholders, allowing shareholders to participate electronically.
  • MR PRICE GROUP discloses a significant increase in shareholding, with Public Investment Corporation SOC Limited (PIC) now holding 20.101% of the company's ordinary shares.
By Lethabo Ntsoane

MR PRICE GROUP LIMITED (Registration number 1933/004418/06) recently made several important announcements regarding its operations and corporate affairs.

The company has distributed the 2023 integrated report and the audited annual financial statements for the 52 weeks ended April 1, 2023, to its shareholders. These documents have also been made available on MR PRICE GROUP’s official website (www.mrpricegroup.com/investor-relations-integrated-report-suite/). The integrated report provides shareholders with a comprehensive overview of the group’s performance, strategies, and financial results for the specified period.

It is worth noting that the audited annual financial statements have not been modified since the previously published reviewed preliminary group results, which were disclosed on the Stock Exchange News Service on June 22, 2023.

In addition to the report distribution, MR PRICE GROUP has released a notice regarding its upcoming 90th Annual General Meeting (AGM) of shareholders. The AGM is scheduled to take place on Wednesday, August 30, 2023, at 14h30, at the Upper Level, North Concourse, 65 Masabalala Yengwa Avenue, Durban. The detailed agenda and other relevant information can be found on the company’s website (www.mrpricegroup.com/investor-relations-integrated-report-suite/).

To comply with the Companies Act, No. 71 of 2008 and the company’s memorandum of incorporation, shareholders are given the option to participate in the meeting through electronic means, although electronic participants will not be able to vote. Shareholders or their proxies who wish to obtain electronic participation details must contact the company’s transfer secretaries, Computershare Investor Services Proprietary Limited (“Computershare”), at proxy@computershare.co.za

no later than 14h30 on Monday, August 28, 2023. Shareholders will be responsible for their own network charges associated with electronic participation at the AGM.

Furthermore, MR PRICE GROUP has disclosed a significant increase in its shareholding. The company has received formal notification that Public Investment Corporation SOC Limited (“PIC”) has raised its stake in MR PRICE GROUP, bringing the total interest in the company’s ordinary shares held by PIC to 20.101% of the issued shares. As per the requirements of section 122(3)(a) of the Companies Act 71 of 2008, the company has filed the necessary notices with the Takeover Regulation Panel.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo