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Trading Statement
ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
("ADvTECH" or "the Company" or "ADH"))
TRADING STATEMENT FOR 6 MONTHS ENDED 30 JUNE 2016
In terms of the Listings Requirements of the JSE Limited, a listed company is required to
publish a trading statement as soon as it becomes reasonably certain that the financial
results for the next period to be reported on will show a 20% or more difference from those
of the previous corresponding period.
ADvTECH advises shareholders, with reasonable certainty, that both basic earnings per
share (“EPS”) and headline earnings per share (“HEPS”) for the six months ended 30 June
2016 will be between 40% and 50% higher than the comparative reporting period for the six
months ended 30 June 2015 (“the comparative period”). Both EPS and HEPS are expected
to be between 34.4 and 36.9 cents per share as compared to 24.6 cents per share (restated
from 25.3 cents per share as a result of the rights issue in December 2015) for both EPS
and HEPS for the comparative period.
The rights issue concluded during December 2015 requires the results for the comparative
period ended 30 June 2015 to be restated. Based on the previous published EPS and HEPS
of 25.3 cents per share for the comparative period, ADvTECH expects an increase of
between 36% and 46% in EPS and HEPS.
Settlement of a litigation matter disclosed in the Company’s 2015 Integrated Annual Report
has contributed to the increase. Omitting this aspect as well as other corporate action costs
results in normalised earnings per share (“NEPS”) being between 20% and 25% higher than
the comparative period, resulting in NEPS of between 30.8 and 32.1 cents per share for the
six months ended 30 June 2016 as compared to 25.7 cents per share (restated from 26.4
cents per share as a result of the rights issue in December 2015) for the comparative period.
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 results for the 6 months ended 30 June 2016 on the
Johannesburg Stock Exchange News Service (“SENS”) on or about Monday, 22 August
2016.
11 August 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 11/08/2016 12:04:00 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.
