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PROTECH KHUTHELE HOLDINGS LIMITED - Trading update and clarification on the withdrawal of cautionary announcement

Release Date: 19/10/2012 10:34
Code(s): PKH     PDF:  
Wrap Text
Trading update and clarification on the withdrawal of cautionary announcement

Protech Khuthele Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/024352/07)
JSE code: PKH & ISIN: ZAE000101986
("Protech" or "the Company")

TRADING UPDATE AND CLARIFICATION ON WITHDRAWAL OF CAUTIONARY

In terms of S 3.4 (b) of the JSE Limited`s Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the financial results for
the current reporting period will be more than 20% different to that of the previous
corresponding period.

Shareholders are advised that Protech anticipates headline earnings per share (`HEPS`) and
earnings per share (`EPS`) for the six month period ended 31 August 2012 to exceed the
corresponding period ended 31 August 2011 as follows:
EPS:    Expected to increase by 35% to 55% (anticipated EPS between 3.7 cents and 4.3 cents
        :2011 comparative period 2.8 cents)
HEPS: Expected to increase by 5% to 15% (anticipated HEPS between 3.9 cents and 4.4 cents
        :2011 comparative period 3.8 cents).

The interim financial results for the six month period ended 31 August 2012 are expected to be
published on or about Monday, 5 November 2012.

CLARIFICATION ON WITHDRAWAL OF CAUTIONARY

The Company announced on 3 October 2012 that no discussions were in progress and therefore
that caution was no longer required when dealing in the Company’s shares.

In the interests of transparent disclosure, Protech clarifies that the discussions referred to in
previous SENS announcements did not result in any form of due diligence being performed on
Protech by any third party. These discussions did not progress past the initial stages and save for
confidentiality agreements entered into, did not lead to any formal proposal being made to the
Company.

Protech’s management is now able to fully focus on completing the Company’s financial
turnaround. This process is progressing well as is evidenced by the improvement in the results
for the 6 months ended 31 August 2012.

The information above has not been reviewed or audited by the Company`s auditors.

Johannesburg
19 October 2012
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

Date: 19/10/2012 10:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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