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STELLA VISTA TECHNOLOGIES LIMITED - Trading Statement

Release Date: 27/11/2013 16:35
Code(s): SLL     PDF:  
Wrap Text
Trading Statement

Stella Vista Technologies Limited
(“Stella Vista” or “the company”)
(Registration number 1996/000172/06)
Share Code: SLL       ISIN: ZAE000018198


TRADING STATEMENT


In terms of the JSE Listings Requirements, listed companies are
required to publish a trading statement as soon as the board of
directors is satisfied that a reasonable degree of certainty
exists that the financial results for the next reporting period
will vary by more than 20% from those of the previous
corresponding reporting period or from a profit forecast or
trading statement previously provided to the market in relation
to such period.

Shareholders are advised that, for the year ended 31 August 2013,
the earnings per share and headline earnings per share will be
131.09% and 129.38% respectively lower than in the previous
corresponding period.

This information has been reviewed and reported on by the
auditors of the company. Their report is open for inspection at
the company’s registered office.

Shareholders are reminded of the firm intention offer to purchase
all of the Stella Vista Shares not already held by the Offerors
being Muris Tabakovic, Dario Tabakovic and Out and About
Marketing & Media (Pty) Ltd, at the offer price of R0.01, the
terms and conditions as detailed in the Circular issued 11
November 2013. The scheme meeting will be held at the companies
registered offices at 10am on 10 December 2013. The approval of
this offer and the scheme will then result in the subsequent
delisting of the company.

The financial results for the year ended 31 August 2013 are being
prepared and are expected to be published on or about 29 November
2013.

27 November 2013

Sponsor
Arcay Moela Sponsors Proprietary Limited

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