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POYNTING HOLDINGS LIMITED - Further Trading Statement

Release Date: 27/03/2014 09:10
Code(s): POY     PDF:  
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Further Trading Statement

POYNTING HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/011142/06)
Share code: POY ISIN: ZAE000121299
(“Poynting” or “the Company”)


FURTHER TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be reported
on will differ by more than 20% from that of the previous corresponding period.

Further to the trading statement released on SENS on 17 December 2013, a review of the financial results
for the six months ended 31 December 2013 (“interim financial results”) by management has indicated that
the basic earnings per share and the headline earnings per share are expected to be between 3.86 and
4.34 cents (representing an increase of between 58% and 78%), compared to the basic earnings per share
and the headline earnings per share of 2.44 cents for the six months ended 31 December 2012.

Furthermore, shareholders are advised that the financial results of African Union Communications
Proprietary Limited (“Aucom”) for the six months ended 31 December 2013 have not been included in
Poynting’s interim financial results, following the acquisition of 100% of the issued share capital of Aucom
by Poynting (“Aucom Acquisition”) as detailed in the circular to shareholders dated 31 January 2014.

This is due to the effective date of Poynting’s control over Aucom being 1 March 2014 in terms of
International Financial Reporting Standards, as the last of the conditions precedent to the Aucom
Acquisition, being shareholder approval, was obtained at the general meeting held on 28 February 2014.

Aucom had an unaudited profit after tax of approximately R8.4 million for the interim period up to 31
December 2013. Although Aucom’s financial results cannot be consolidated into Poynting’s interim financial
results, it will be consolidated into the take-on balances, effective 1 March 2014. The Aucom Acquisition is
expected to deliver a better than expected contribution to Poynting.

The financial information on which this trading statement is based has not been reviewed or reported on by
Poynting’s auditors. Poynting’s interim financial results are expected to be released on SENS on or about
31 March 2014.

Johannesburg
27 March 2014


Designated Adviser
Merchantec Capital

Date: 27/03/2014 09:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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