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ADVTECH LIMITED - Trading Statement for Year Ended 31 December 2015

Release Date: 25/02/2016 11:31
Code(s): ADH     PDF:  
Wrap Text
Trading Statement for Year Ended 31 December 2015

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH” or “the Company”)

ADvTECH LIMITED: TRADING STATEMENT FOR YEAR ENDED 31 DECEMBER 2015

In terms of paragraph 3.4 of the Listings Requirements of the 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 next will differ by at least 20% from those of the previous comparable
reporting period.

Accordingly, shareholders are advised that a reasonable degree of certainty exists that basic earnings
per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 December 2015
will be between 48.2 cents and 52.3 cents per share (EPS) and between 48.3 cents and 52.4 cents
per share (HEPS) compared to 40.2 cents (EPS) and 40.3 cents (HEPS) per share (restated from 41.3
cents and 41.4 cents as a result of the rights issue in December 2015) achieved for the prior
corresponding period, which is an increase of between 20% and 30% in both EPS and HEPS.

The rights issue concluded during December 2015 requires the results for the corresponding year
ended 31 December 2014 to be restated. Based on the previous published EPS and HEPS of 41.3
and 41.4 cents per share respectively for the prior corresponding period, ADvTECH expects an
increase of between 17% and 27% in EPS and HEPS.

This increase in EPS and HEPS is the result of strong organic growth in all 3 divisions as the
Company starts to reap the benefits of the successfully implemented investment programme.

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

ADvTECH expects to release its results for the year ended 31 December 2015 on the Johannesburg
Stock Exchange News Service on or about Monday, 14 March 2016.

Johannesburg
25 February 2016
Sponsor: Bridge Capital Advisors Proprietary Limited

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