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WBO - WBO-Wilson Bayly Holmes-Ovcon Ltd - Trading Statement

Release Date: 05/08/2011 07:30
Code(s): WBO
Wrap Text

WBO - WBO-Wilson Bayly Holmes-Ovcon Ltd - Trading Statement WBO-Wilson Bayly Holmes-Ovcon Ltd (Incorporated in the Republic of South Africa) (Registration number: 1982/011014/06) Share code: WBO ISIN: ZAE000009932 ("WBHO" or "the Company") Trading Statement As a result of the difficult trading conditions, the directors of WBHO expect both the headline earnings and earnings per share for the year ended 30 June 2011 to be between 15% and 25% lower than those reported for the year ended 30 June 2010. Shareholders are advised that with reference to the Sens announcement released on 19 April 2011, the Competition Commission is currently in the process of assessing WBHO`s submissions. The outcome of this process will possibly result in the imposition of an administrative penalty to the Company. Current indications are that the amount of such a penalty will only be known early in 2012 and therefore no provision has been made in this regard, in the expected results for the year ended 30 June 2011. The forecast has not been reviewed or reported on by the company`s auditors. The release of the reviewed results for the year ended 30 June 2011 will be published on or about 5 September 2011. By order of the Board 5 August 2011. Sponsor: Investec Bank Limited Date: 05/08/2011 07:30:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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