This page provides Regulatory news filings submitted by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Hamilton, Bermuda – 23 February 2021 – In a filing with the Bermuda Stock Exchange (“BSX”), Affinity International Limited, (Affinity, the “Company”); Ticker: AIL.BH) has filed a cautionary announcement.  The filing stated:

 

Shareholders are advised that the Consolidated Financial Statements of Affinity International Limited (“the Company”) for the year ending 29 February 2020 (“the 2020 Consolidated Financial Statements”), which were submitted to the Bermuda Stock Exchange on 30 November 2020, did not include the operating results of the Company’s South African subsidiaries so as to ensure compliance with the South African Exchange Control Regulations, Orders and Rules 1961, published in Government Notices R1111 and R1112 on 1 December 1961, as amended, from time to time.

 

The Company has recalled the 2020 Consolidated Financial Statements in light of Exchange Control Circular 1/2021 issued by the South African Reserve Bank on 4 January 2021, which lifts certain restrictions with effect from 1 January 2021. The amended 2020Consolidated Financial Statements now include the operating results of the Company’s South African subsidiaries in accordance with the requirements of IFRS 10 Consolidated Financial Statements.

 

Shareholders are accordingly advised to consider the amended 2020 Consolidated Financial Statements prior to considering acquiring and/or dealing in securities of the Company.

 

The shareholders, in our view, suffer no prejudice as a result.

 

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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jbest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.