To view the PDF file, sign up for a MySharenet subscription.

TRENCOR LIMITED - Delay in release of provisional results for the year ended 31 December 2015

Release Date: 14/04/2016 15:03
Code(s): TRE     PDF:  
Wrap Text
Delay in release of provisional results for the year ended 31 December 2015

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

DELAY IN RELEASE OF PROVISIONAL RESULTS FOR THE YEAR ENDED
31 DECEMBER 2015


Attention is drawn to the Trading Statement and Further Trading Statement published on SENS
on 1 March 2016 and 4 April 2016 respectively, wherein shareholders were advised that
evaluations of the impairment and future depreciation required under IFRS in respect of the
Textainer and TAC container fleets had to be conducted and audited. The processes involved
have proven to be very onerous and time-consuming as these assessments have to be conducted
on each container in the two fleets which, in aggregate, number well in excess of 2 million units.

In terms of the Listings Requirements of the JSE, issuers are required to publish provisional
results within three months of their year-end. Due to the lengthy processes referred to above, it
was not possible for Trencor to achieve that date, nor will it be in a position to release its
provisional results for the year ended 31 December 2015 by 14 April 2016, which may result in
the JSE publishing an announcement referring to Trencor not publishing its results for the year
ended 31 December 2015 timeously. Any such announcement by the JSE should be seen in the
context of the above reasons for the delay.

It is anticipated that reviewed results for the year ended 31 December 2015 will be released on
SENS before the end of April 2015.

Trencor Services (Pty) Ltd
Secretaries
14 April 2016

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net

Date: 14/04/2016 03:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story