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NVEST FINANCIAL HOLDINGS LIMITED - Trading statements

Release Date: 18/11/2015 17:07
Code(s): NVE     PDF:  
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Trading statements

NVEST FINANCIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015990/06)
(“NVest” or “the Company”)
ISIN Code: ZAE000199865 JSE Code: NVE


TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2015


In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be
reported will differ by at least 20% from the financial results for the previous corresponding period or a profit
forecast previously provided to the market in relation to such period.

Shareholders are advised that the company published reviewed results for the six months ended 31 August
2014 in its prospectus dated 25 May 2015. No profit forecast was published as the company presented
historical information for three years. Due to positive trading across group operations as well as events after
the listing of the Company, which in turn have resulted in additional acquisitions and transactions being
concluded by the group, the board of directors considers that a trading statement is required.

Shareholders are accordingly advised of the following:

-       The earnings and headline earnings per share for the prior six month period ended 31 August 2014
        was 8.07 and 6.97 cents per share respectively, based on 177 500 000 shares in issue.
-       The earnings per share for the six month period ended 31 August 2015 is expected to be between
        10.95 and 11.05 cents per share based on the weighted average shares in issue of 210 689 681,
        representing an increase of between 30% and 40% on the earnings per share information for the
        comparable period.
-       The headline earnings per share for the six month period ended 31 August 2015 is expected to be
        between 9.25 and 9.35 cents per share based on weighted average shares in issue of
        210 689 681, representing an increase of between 30% and 40% on the headline earnings per share
        information for the comparable period.

It is noted that the increased difference between earnings per share and headline earnings per share for
the applicable two financial periods, is predominantly owing to revaluation adjustments relating to the
investment property portfolio of subsidiary company NVest Properties Limited.

The financial information on which this trading statement is based has not been reviewed nor reported on
by the company’s auditors.

The company’s financial results for the six months ended 31 August 2015 results will be published on SENS
before on or about 30 November 2015.

Johannesburg
18 November 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 18/11/2015 05:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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