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PSV HOLDINGS LIMITED - Renewal of Cautionary Announcement and Trading Statement

Release Date: 05/08/2014 17:00
Code(s): PSV     PDF:  
Wrap Text
Renewal of Cautionary Announcement and Trading Statement

PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
(“PSV” or the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT AND TRADING STATEMENT



Renewal of cautionary announcement

Further to the cautionary announcement dated 12 May 2014 and the subsequent renewal of cautionary
announcement dated 24 June 2014, shareholders are advised that negotiations are still in progress which, if
successfully concluded, may have a material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s
securities, until a further announcement is made.


Trading statement

In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement
as soon as they become reasonably certain that the financial results for the period to be reported on will
differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the six month period ending 31 August 2014 by management
has indicated that the earnings per share and the headline earnings per share are expected to be at least
20% lower compared to the earnings per share of 0.09 cents and the headline earnings per share of 2.00
cents for the six month period ended 31 August 2013. A further trading statement will be published once the
Company has a greater degree of certainty with regards to its financial results for the six months ending 31
August 2014.

PSV’s interim results will be detrimentally affected by the liquidation of Protech Khutela Holdings Limited, the
strike in the metal industry and the delay in the awarding of a number of contracts in Africa.

The financial information on which this trading statement is based has not been reviewed or reported on by
PSV’s auditors. PSV's interim financial results are expected to be released on SENS on or about 31 October
2014.


Johannesburg
5 August 2014

Designated Adviser
Merchantec Capital

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