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SENTULA MINING LIMITED - Updated trading statement for the period ended 30 June 2016

Release Date: 27/09/2016 09:21
Code(s): SNU     PDF:  
Wrap Text
Updated trading statement for the period ended 30 June 2016

Sentula Mining Limited

Incorporated in the Republic of South Africa

(Registration number 1992/001973/06)

Share code: SNU : ISIN: ZAE000107223

(“Sentula” or “the Company”)


UPDATED TRADING STATEMENT FOR THE PERIOD ENDED 30 JUNE 2016

Shareholders are referred to the trading statement published by Sentula on 22 September 2016 (“Initial
Trading Statement”) that was prepared based on the unreviewed financial results of Sentula for the
15-month period ended 30 June 2016.

Paragraph 3.4(b)(iv) of the Listings Requirements of the JSE Limited provides that if, after publication
of a trading statement but before publication of the relevant periodic financial results, an issuer becomes
reasonably certain that its previously published number, percentage or range in the trading statement
is no longer correct, then the issuer must publish another trading statement providing the revised
number, percentage or range in accordance with paragraph 3.4(b).

Accordingly, in compliance with the aforementioned paragraphs and following finalisation of the annual
results for the 15-month period ended 30 June 2016, Sentula hereby wishes to advise shareholders
that –

    -   the loss per share is expected to be between 58.47 cents and 64.07 cents (2015: loss of
        49.18* cents per share), being an increase in the loss per share of between 19% and 30%
        compared to the loss reported for the 12 months ended 31 March 2015; and

    -   the headline loss per share is expected to be between 41.51 cents and 45.51 cents (2015: loss
        of 40.22* cents per share), being an increase in the loss per share of between 3% and 13%
        compared to the loss reported for the 12 months ended 31 March 2015.

*Note: the 31 March 2015 results have been re-presented to reflect the effects of the rights offer (which
closed on 18 March 2016). Further information in respect of the aforementioned re-presentation is
included in the interim results of Sentula for the 12 month period ended 31 March 2016, as released on
SENS on 27 June 2016.

In considering the above movements in earnings and headline earnings per share, shareholders’
attention is drawn to the announcement released on SENS on 22 March 2016 (and as highlighted in
the Initial Trading Statement) wherein Sentula advised shareholders that it had changed its year end
from 31 March to 30 June. Accordingly, the financial results for the period ended 30 June 2016 are in
respect of a 15 month period (commencing on 1 April 2015) and are therefore not directly comparable
to the results for the 12 month period ended 31 March 2015.

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


Johannesburg
27 September 2016

Sponsor:
Questco (Pty) Ltd

Date: 27/09/2016 09:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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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,
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