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W G WEARNE LIMITED - Trading statement

Release Date: 28/10/2015 11:49
Code(s): WEA     PDF:  
Wrap Text
Trading statement

W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the Company”)


Trading Statement

In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, companies are
required to publish a trading statement as soon as a reasonable degree of certainy exists that the
financial results for the period to be reported on will differ by more than 20% from the previous
corresponding period.

Shareholders are advised that Wearne is currently in the process of finalising its results for the
the six months ended 30 August 2015. It is anticipated, with a reasonable degree of certainty, that
Wearne will reflect a basic loss per share of between 0.25 cents and 0.35 cents per share (basic
loss of 0.50 cents per share for the six months ended 30 August 2014) which equates to an
decrease in the loss of between 30% and 50% .It is also anticipated, with a reasonable degree of
certainty, that Wearne will reflect a headline loss per share of between 0.35 cents and 0.65 cents
(headline loss of 0.67 cents per share for six months ended 30 August 2014) which equates to a
decrease in the loss of between 22% and 33%.

The financial information on which this trading statement is based has not been reviewed by
Wearne’s auditors.

The Company’s financial results for the six months ended 30 August 2015 are expected to be
released in the first week of November 2015.


28 October 2015
Randburg

Designated Advisor
Exchange Sponsors

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