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BK ONE LIMITED - Trading statement

Release Date: 16/10/2015 16:05
Code(s): BK1P     PDF:  
Wrap Text
Trading statement

BK One Limited
Incorporated in the Republic of South Africa
Registration Number: 2011/008103/06
Preference Share Code: BK1P
ISIN: ZAE000161352
(“BK One” or “the Company”)

Trading statement

In terms of the JSE Limited Listings Requirements, companies are required to publish a
trading statement as soon as they are reasonably certain that the financial results for the
current reporting period will be more than 20% different than that of the prior comparative
period.

Further to the above, BK One expects a loss per share and headline loss per share for the six
months ended 31 August 2015 between a range of -319 cents to -382 cents (1872% to
2222%), primarily as a result of the negative impact of the lack of working capital funding
has had on the valuation of Advance Vacuum Alloys Proprietary Limited investment held by
BK One (refer to SENS announcement 7 October 2015 and the notes to the annual financial
statements for the year ended 28 February 2015). Additionally, the provisional impairment
of the loan from BK One into Pure Ocean East London Pty Limited is also expected to have a
negative impact on the valuation of Pure Ocean Aquaculture Proprietary Limited. The prior
comparative period, being the six months ended 31 August 2014, reflected earnings per
share and headline earnings per share of 18 cents.

Shareholders are advised that the above information has not been reviewed or reported on
by the Company’s auditors and that the Company’s results for the six months ended 31
August 2015 are expected to be published on or about 7 November 2015.


Cape Town

16 October 2015

Sponsor
Nedbank Corporate and Investment Banking

Date: 16/10/2015 04:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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