Sectors Shares

CONVERGENET HOLDINGS LIMITED - Updated Trading Statement

Release Date: 12/06/2014 16:09
Code(s): CVN
 
Wrap Text
Updated Trading Statement

CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN         ISIN: ZAE000182440
(the “Company”)

UPDATED TRADING STATEMENT

Further to the trading statement released on SENS on 28 May 2014, shareholders are hereby
advised that a reasonable degree of certainty now exists that the Company will, in respect of its
continuing operations for the six months ended 28 February 2014, report:
(i) a basic loss per share of between 47.20 cents and 47.64 cents (2013: basic loss per share
     of 2.47 cents); and
(ii) a headline loss per share of between 11.88 cents and 12.34 cents (2013: headline loss per
     share of 2.48 cents).

A reasonable degree of certainty exists that the Company will, in respect of its discontinued
operations for the six months ended 28 February 2014, report:
(i) a basic loss per share of between 51.53 cents and 51.59 cents (2013: basic earnings per
     share of 0.31 cents); and
(ii) a headline loss per share of between 11.75 cents and 11.82 cents (2013: headline earnings
     per share of 0.61 cents).

The comparative amounts disclosed in respect of the six month period ended 28 February 2013
above are shown as they would have appeared prior to the completion of the share
consolidation on a 10-for-1 basis, as detailed in the circular dated 20 September 2013 and
completed on 23 December 2013 (“Share Consolidation”). The amounts disclosed in respect of
the six month period ended 28 February 2014 are shown after the effects of the Share
Consolidation have been taken into account.

This trading statement has not been reviewed or reported on by the Company’s external
auditors.

The interim financial results are expected to be released on or about Friday, 13 June 2014.

Johannesburg
12 June 2014

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

Date: 12/06/2014 04:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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