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W G WEARNE LIMITED - CANCELLATION OF S350710 Trading update

Release Date: 04/11/2014 08:47
Code(s): WEA     PDF:  
Wrap Text
CANCELLATION OF S350710 Trading update

W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the Company”)


Trading Statement

In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, companies are
required to publish a trading statement as soon as a reasonable degree of certainy exists that the
financial results for the period to be reported on will differ by more than 20% from the previous
corresponding period.

Shareholders are advised that Wearne is currently in the process of finalising its results for the
the six months ended 30 August 2014. It is anticipated, with a reasonable degree of certainty, that
Wearne will reflect a basic earnings per share of between 0.45 cents and 0.55 cents per share
(basic loss of 0.52 cents per share for the six months ended 30 August 2013) which equates to
an increase of between 6% and14% .It is also anticipated, with a reasonable degree of certainty,
that Wearne will reflect a headline loss per share of between 0.6 cents and 0.7 cents (headline
loss of 0.06 cents per share for six months ended 30 August 2013) which equates to a decrease
of between 900% and 1067%.

The financial information on which this trading statement is based has not been reviewed by
Wearne’s auditors.

The Company’s financial results for the six months ended 30 August 2014 are expected to be
released on 5 November 2014.


3 November 2014
Randburg

Designated Advisor
Exchange Sponsors

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