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STEFANUTTI STOCKS HOLDINGS LTD - Revised Trading Statement

Release Date: 13/05/2013 08:45
Code(s): SSK     PDF:  
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Revised Trading Statement

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK       ISIN: ZAE000123766
(“Stefanutti Stocks” or “the Group” or “the Company”)


REVISED TRADING STATEMENT - COMPETITION COMMISSION UPDATE


Further to the trading statement issued on 29 April 2013, the Board of Stefanutti Stocks is now in a position
to advise shareholders that the proposed penalty against the Group as notified by the Competition
Commission, is R323 million. However, with respect to this matter, the Board is currently taking advice and is
considering all its options.


As required by of IAS 37: Provisions, Contingent Liabilities and Contingent Assets, this amount has now
been raised as a provision in the results for the financial year ended 28 February 2013 and accordingly in
terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, shareholders are advised that
earnings and headline earnings per share, are expected to be between 150% to 170% lower than the
earnings and headline earnings per share for the prior comparative period.


The financial information on which this trading statement is based has not been reviewed or reported on by
the Group’s auditors.


Johannesburg
13 May 2013
Sponsor: Bridge Capital Advisors (Pty) Limited

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