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

ACCENTUATE LIMITED - Trading Statement for the Six Months Ended 31 December 2016 and Cautionary Announcement

Release Date: 23/02/2017 16:30
Code(s): ACE     PDF:  
Wrap Text
Trading Statement for the Six Months Ended 31 December 2016 and Cautionary Announcement

Accentuate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
Share code: ACE
ISIN: ZAE000115986
(“Accentuate” or “the Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016 AND
CAUTIONARY ANNOUNCEMENT

In terms of the Listings Requirements of 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 upon will differ by 20% or more from that of the previous corresponding period.

Accordingly, a review of the financial results for the six months ended 31 December 2016 by
management has indicated that the earnings per share and headline earnings per share are expected
to be between 3,0 cents and 2,35 cents, reflecting a decrease of between 48% and 59% compared to
the earnings per share and headline earnings per share of 5,75 cents for the six months ended 31
December 2015.

The financial information on which this trading statement is based has not been reviewed or reported
on by the Company’s auditors. Accentuate’s interim financial results are expected to be released on
SENS on 27 February 2017.

CAUTIONARY ANNOUNCEMENT

Accentuate shareholders are also advised that the Company has entered into discussions which, if
successful, may have a material effect on the price of the Company’s securities.

Currently the majority of Accentuate’s revenue is derived from the flooring division and management
are of the opinion that within the chemical blending and water business additional critical mass is
required. Management is in the process of taking active steps to ensure this critical mass is achieved.

Shareholders are advised to exercise caution when dealing in the Company’s securities until a further
announcement is made.

Johannesburg
23 February 2017
Sponsor: Bridge Capital Proprietary Limited

Date: 23/02/2017 04:30:00 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