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WORKFORCE HOLDINGS LIMITED - Trading Statement and Change in Function of Directors

Release Date: 12/11/2015 10:05
Code(s): WKF     PDF:  
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Trading Statement and Change in Function of Directors

WORKFORCE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce” or “the Company” or “the Group”)


TRADING STATEMENT AND CHANGE IN FUNCTION OF DIRECTORS



In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the year ending 31 December 2015 by management has
indicated that the earnings per share and the headline earnings per share are expected to increase by at
least 20%, resulting in a minimum earnings per share of 31.4 cents and a minimum headline earnings per
share of 31.0 cents, compared to the earning per share of 26.2 cents and headline earnings per share of
25.8 cents for the year ended 31 December 2014. A further trading statement will be published once the
Company has a greater degree of certainty with regards to its financial results for the year ending
31 December 2015.

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

Furthermore, shareholders are referred to the announcement released on SENS on 3 November 2015,
wherein, inter alia, it was announced that Mr Ronald Katz, the founder and executive chairman of the
Group will be interim chief executive officer, effective 31 December 2015. Accordingly, shareholders are
advised that Mr John Macey, the lead independent non-executive director will become interim chairman
effective 31 December 2015. As such, Mr John Macey can no longer remain chairman of the Audit and
Risk committee and will accordingly step down, while still remaining a member. Ms Kyansambo Vundla, a
current member, will become chairperson of the Audit and Risk committee effective 31 December 2015.


Johannesburg
12 November 2015

Designated Adviser
Merchantec Capital

Date: 12/11/2015 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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