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PEMBURY LIFESTYLE GROUP LIMITED - Trading Statement

Release Date: 18/04/2017 11:45
Code(s): PEM     PDF:  
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Trading Statement

PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949      JSE Code: PEM


TRADING STATEMENT


In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon
as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to
be reported will differ by at least 20% from the financial results for the previous corresponding period or a
profit forecast previously provided to the market in relation to such period.

PL Group was granted a listing on the Alternative Stock Exchange (“AltX”) of the JSE with effect from
31 March 2017. During 2016, the Company changed its financial year end from February to December.
The results for the previous corresponding period, being the year ended 29 February 2016, were
contained in the Company’s prospectus issued on 9 March 2017. This represented the Company’s first
year of operations.

Shareholders are advised as follows:

•     the loss per share is (4.61) cents per share for the 10 months ended 31 December 2016, which is 68%
      lower than the prior year’s loss per share of (2.75) cents; and

•     the headline loss per share is (4.48) cents per share for the 10 months ended 31 December 2016,
      which is 63% lower than the prior year’s headline loss per share of (2.75) cents per share.

Shareholders are also advised that other comprehensive income for the period amounting to
R14.6 million, net of taxation, arose as a result of the revaluation of the Hartbeespoort property. This
resulted in a positive total comprehensive profit, also changing the net asset value from a net liability
position to positive. However, the other comprehensive income does not flow through to the loss per
share and headline loss per share.

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

BY ORDER OF THE BOARD
Johannesburg
18 April 2017

Designated Advisor
Arbor Capital Sponsors

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