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Updated 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")
UPDATED TRADING STATEMENT
Shareholders are referred to the trading statement released on
SENS on 18 March 2015.
Based on the final audited annual financial statements approved by
the board of directors and signed off by our external auditors,
shareholders are hereby advised 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.
The headline loss per share attributable to ordinary shareholders
for the year ended 31 December 2014 is not expected to vary by
more than 20% compared to the previous corresponding period. The
audited annual financial statements and accompanying integrated
report will be released on 31 March 2015.
Wesizwe is a project development company, developing the Bakubung
Platinum Mine. Production development will commence in the 2nd
quarter of 2017 and will reach steady state in the 2nd quarter of
2021.
Johannesburg
27 March 2015
Sponsor:
PSG Capital Proprietary Limited
Date: 27/03/2015 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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