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Trading Statement
Workforce Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce”)
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 by management of the financial results for the year ended 31 December
2020 has indicated that both the earnings per share (“EPS”) and the headline earnings per share
(“HEPS”) are expected to be between 12.00 cents and 16.00 cents, reflecting a decrease of
between 62% and 72% compared to the EPS of 42.50 cents and the HEPS of 42.40 cents for the
year ended 31 December 2019.
The year 2020 was particularly difficult given the impact of COVID-19 and one likely never to be
forgotten. Despite this, the investment clusters performed remarkably well during the second half
of the financial year, once they were able to assess this “new normal” and effectively mitigate
risks while at the same time positioning themselves strongly for the future.
The financial information on which this trading statement is based has not been reviewed or
reported on by Workforce’s auditors. Workforce’s financial results are expected to be released on
SENS on or about 31 March 2021.
Johannesburg
25 March 2021
Designated Adviser
Merchantec Capital
Date: 25-03-2021 05:45:00
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