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Trading Statement
WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/020161/06)
JSE code: WEZ ISIN: ZAE000075859
(the “Company” or “Wesizwe”)
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the JSE Listings
Requirements, companies are obligated to inform shareholders
as soon as there is a reasonable degree of certainty that
the earnings of the company are likely to vary by more than
20% compared to the previous corresponding period.
The Wesizwe board of directors therefore wishes to advise
shareholders that the Company expects to report a basic loss
per share attributable to ordinary shareholders for the year
ended 31 December 2014 of between 16.17 cents and 16.23 cents
per share, being between 2 831% and 2 851% lower, compared to
a basic loss per share of 0.55 cents per share for the previous
comparable period.
A headline loss per share attributable to ordinary shareholders
for the year ended 31 December 2014 is expected to be between
8.18 cents and 8.24 cents per share, being between 1 129% and
1 150% lower, compared to a headline loss per share of 0.66
cents for the previous comparable period.
The financial information included in this trading statement
has not been reviewed or reported on by the Company’s external
auditors.
Wesizwe is a project development company, developing the
Bakubung Platinum Mine. First production is expected in 2019.
Johannesburg
18 March 2015
Sponsor:
PSG Capital Proprietary Limited
Date: 18/03/2015 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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