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Trading Statement
SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/011249/06)
(Share code: SER & ISIN: ZAE000029815)
(Share code: SRN & ISIN: ZAE000030144)
(“Seardel” or “the company”)
TRADING STATEMENT
In terms of section 3.4 (b) 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 period to be reported upon next (“the
Reporting Period”) will be more than 20% different than that of the previous
corresponding period.
Shareholders are hereby advised that a reasonable degree of certainty exists
that for the six months ended 30 September 2015, the Company will report basic
earnings per share of between 1.92 cents and 1.72 cents, being an increase of
between 35% and 21% respectively, and headline earnings per share of between
1.89 cents and 1.59 cents, being an increase of between 42% and 20% respectively,
as opposed to basic earnings per share of 1.42 cents and headline earnings per
share of 1.33 cents for the previous corresponding period.
The increase in basic earnings per share and headline earnings per share is
mainly due to the favorable revaluation of the share based payment liability on
the swap transaction in respect of the Company increasing its stake in Sabido
Investments (Pty) Ltd to 67.7%. The realization of the share based payment
liability is due to options being exercised or cancelled.
The above information has not been reviewed or reported on by the Company’s
auditors. The Company’s results are expected to be published on or about 18
November 2015.
Johannesburg
11 November 2015
Sponsor: Investec Bank Limited
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