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Trading Statement
Capevin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/020857/06)
Share code: CVH
ISIN: ZAE000167714
("Capevin" or "the Company")
TRADING STATEMENT
Distell Group Limited ("Distell") is currently finalising its
financial results for the year ended 30 June 2014, which should be
released on SENS on or about 25 August 2014. On 12 August 2014
Distell advised its shareholders that its earnings per share
("EPS") and headline earnings per share ("HEPS") are likely to be
between 33% and 38% higher than the corresponding reporting period
of the previous year.
Capevin equity accounts its investment in Distell and consequently,
advises its shareholders that the Company’s HEPS for the year ended
30 June 2014 will be between 39% and 44% higher than the previous
year’s.
Distell also issued shares in terms of its Black Economic
Empowerment transaction which led to Capevin’s interest in Distell
to dilute. Due to the loss that will be realised on the dilution of
Capevin’s interest in Distell during the current financial year,
Capevin’s EPS will be between 9% and 15% lower than the previous
year’s.
The financial information on which this trading statement is based
has not been reviewed and reported on by the Company’s external
auditors.
Stellenbosch
12 August 2014
Sponsor
RAND MERCHANT BANK (a division of FirstRand Limited)
1
Date: 12/08/2014 05:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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