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EQSTRA HOLDINGS LIMITED - Withdrawal of cautionary announcement and business update

Release Date: 25/06/2015 15:35
Code(s): EQS     PDF:  
Wrap Text
Withdrawal of cautionary announcement and business update

Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS
ISIN: ZAE000117123
("Eqstra" or "group")

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT AND BUSINESS UPDATE

Withdrawal of cautionary announcement
Eqstra shareholders are referred to the cautionary announcements
released on the Stock Exchange News Service on 27 February, 14 April
and 28 May 2015, and are advised that the negotiations referred to
therein have been adjourned.

Accordingly, shareholders are advised that caution is no longer
required when dealing in Eqstra shares.

Business update
The group reported earnings per share of 60.6 cents per share and
headline earnings per share of 76.7 cents per share for the year ended
30 June 2014. The group anticipates to be in line with these results
for the year ending 30 June 2015.

The anticipated annual results include a prudent impairment charge on
standing assets in the Contract Mining and Plant Rental division. The
division continued to show operational improvements.

Both the Industrial Equipment and Fleet Management and Logistics
divisions are performing as expected and management anticipates
performance to be in line with the previous year.

The forecast financial information, on which this business update is
based, has not been reviewed and reported on by Eqstra’s external
auditors and is based on information available at the time of this
publication.

The group will present to the market its annual results on or about 1
September 2015 in Johannesburg and on or about 2 September 2015 in
Cape Town.

Kempton Park
25 June 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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