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Update of trading statement and update on publication of financial results for the year ended 28 February 2015
AFRICAN DAWN CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN Code: ZAE000060703
(“Afdawn” or “the Company”)
UPDATE OF TRADING STATEMENT AND UPDATE ON PUBLICATION OF
FINANCIAL RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2015
Shareholders are referred to the trading statement published
on SENS dated 9 June 2015 (“Initial Trading Statement”) and
are advised that the information published therein has been
updated as set out at below.
Shareholders are hereby advised that a reasonable degree of
certainty exists that for the year ended 28 February 2015, the
Company will report a basic loss per share of between 3.5
cents and 4.2 cents, being a decrease of between 10% and an
increase of 8%, and a headline loss per share of between 3.9
cents and 4.5 cents, being an increase of between 25% and
45%, compared to the basic loss per share of 3.9 cents and the
headline loss per share of 3.1 cents published for the
previous corresponding period.
Shareholders are advised that the aforementioned trading
statement ranges have been based on the previous comparative
periods’ published results for the year ended 28 February 2014
in accordance with the JSE Listings Requirements and do not
take into consideration the prior year restatement of the
financial information as detailed in the Initial Trading
Statement (“Prior Year Restatement”).
The financial information on which this trading statement is
based has not been reviewed and reported on by the Company’s
auditor.
UPDATE ON FINALISATION OF FINANCIAL RESULTS
Shareholders are hereby further advised that it is expected
that the annual financial results for the year ended 28
February 2015, including the Prior Year Restatement will be
released on SENS on or about Friday 30 October 2015.
Accordingly, shareholders are advised to continue exercising
caution when dealing in the Company’s securities until a full
announcement relating to the annual financial results and the
impact of the Prior Year Restatements are made available.
23 October 2015
Johannesburg
Designated Advisor
PSG Capital
Date: 23/10/2015 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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