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eXtract GROUP LIMITED - Trading Statement

Release Date: 26/09/2017 17:45
Code(s): EXG     PDF:  
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Trading Statement

EXTRACT GROUP LIMITED
(previously Eqstra Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
JSE share code: EXG       ISIN: ZAE000223202
(“eXtract” or “the Company”)


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as a reasonable degree of certainty exists that the financial results for the period to be
reported on next will differ by at least 20% or more from the financial results of the previous corresponding
reporting period.

The Company changed its year end to 31 August 2017, being a 14 month period. eXtract’s second interim
results period is therefore for the 12 months ending 30 June 2017 (“interim results”).

It is important to note that the results for the period ended 30 June 2016 (“the previous corresponding
period”) also included the Industrial Equipment and Fleet Management and Logistics businesses, which were
sold in November 2016 to enX Group Limited (“enX”), compared to only four months of trading included in
the 12 months ended 30 June 2017.

Shareholders are further referred to the results of general meeting announcement released on SENS on
11 August 2017, wherein shareholders were advised that the restructure and recapitalisation of eXtract (“the
restructure”) had been approved. On 12 September 2017, the Company released a further announcement
informing shareholders that the conditions precedent to the restructure had not yet been fulfilled due to delays
in obtaining a regulatory ruling and finalising certain commercial arrangements. The Company announced on
22 September 2017 on SENS that the Tharisa transaction became unconditional. The remaining SARS
condition precedent is anticipated to be waived or met before 28 September 2017 and the interim results have
been based on this assumption.

eXtract reports that headline earnings per share (“HEPS”) loss and earnings per share (“EPS”) loss for the
12 months ended 30 June 2017 are expected to be at least 20% lower than the HEPS loss and EPS loss reported
for the previous corresponding reporting period (being the 12 months ended 30 June 2016).

It is expected that the HEPS loss will be in the range of between 5.0 cents per share and 7.5 cents per share,
being between 74.9% and 83.3% lower than the HEPS loss of 29.9 cents per share for the previous
corresponding period. The EPS loss is expected to be in the range of between 400 cents per share and 450 cents
per share, being between 21.9% and 30.7% lower than the EPS loss of 576.8 cents per share in the previous
corresponding period.

The financial information on which this trading statement is based has not been reviewed and reported on by
eXtract’s external auditors. The trading statement is based on financial information available at the time of
this publication. The interim results are expected to be released on or about 28 September 2017.

26 September 2017


Sponsor
Java Capital

Date: 26/09/2017 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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