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CONVERGENET HOLDINGS LIMITED - Updated trading statement

Release Date: 11/12/2013 10:00
Code(s): CVN     PDF:  
Wrap Text
Updated trading statement

CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN ISIN: ZAE000102067
(the “Company”)

UPDATED TRADING STATEMENT

Further to the trading statement released on SENS on 25 November 2013, shareholders are
hereby advised that a reasonable degree of certainty now exists that the Company will, in
respect of its continuing operations for the twelve months ended 31 August 2013, report:
(i) a basic loss per share of between 10.62 cents and 12.16 cents (2012: basic loss per share
     of 7.72 cents); and
(ii) a headline loss per share of between 4.47 cents and 5.47 cents (2012: headline loss per
     share of 7.81 cents).

A reasonable degree of certainty exists that the Company will, in respect of its discontinued
operations for the twelve months ended 31 August 2013, report:
(i) a basic loss per share of between 11.86 cents and 12.38 cents (2012: basic earnings per
     share of 2.59 cents); and
(ii) a headline loss per share of between 3.72 cents and 4.24 cents (2012: headline earnings
     per share of 2.60 cents).

This trading statement has not been reviewed or reported on by the Company’s external
auditors. The Company’s provisional financial results for the twelve months ended 31 August
2013 are expected to be published on or about 12 December 2013.

Centurion
11 December 2013

Corporate adviser: AfrAsia Corporate Finance Proprietary Limited
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 11/12/2013 10:00:00 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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