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AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED - Trading statement

Release Date: 20/04/2016 14:30
Code(s): AEE     PDF:  
Wrap Text
Trading statement

African Equity Empowerment Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE0000195731
("AEEI" or ‘‘the Company’’)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a
listed company is required to publish a trading statement as
soon as it is satisfied that a reasonable degree of certainty
exists that its financial results for the current reporting
period will differ by 20% or more compared to the same period
in the prior year.

AEEI shareholders are hereby advised that it is expected that
the Group’s basic earnings per share for the 6 month period
ended 29 February 2016 will be between 13.20 cents to 14.88
cents per share compared to the 8.39 cents in the prior
comparative period, being an increase of between 57% and 77%.

Shareholders are further advised that it is expected that the
Group’s headline earnings per share for the 6 month period
ended 29 February 2016 will be between 12.95 cents to 15.09
cents per share compared to the 10.72 cents in the prior
comparative period, being an increase of between 21% and 41%.

The abovementioned financial information on which this trading
statement is based has not been reviewed or reported on by the
Company’s auditors. The interim financial results of AEEI are
expected to be released on SENS on or about 4 May 2016.

Cape Town
20 April 2016

Sponsor
PSG Capital

Date: 20/04/2016 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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