Initial trading statement
BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF ISIN number: ZAE0000308797
(“Bowler Metcalf” or “the company”)
INITIAL TRADING STATEMENT
In terms of rule 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required
to publish a trading statement as soon as a reasonable degree of certainty exists that the financial
results for the next reporting period to be reported on will differ by at least 20% from those of the
previous corresponding period.
Following the disposal of Quality Beverages, shareholders are advised that the minimum earnings
per share ("EPS") is expected to exceed 265% of the previous year although a range cannot yet be
There is no indication that Headline Earnings per share (“HEPS”), as calculated excluding non-
recurring income and costs, will differ by more than 20% on the previous year.
A further trading statement will be issued once a range can be identified.
The information on which this announcement has been based has not been reviewed or reported
on by the group’s auditors.
2 June 2015
Arbor Capital Sponsors Proprietary Limited
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