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eXtract GROUP LIMITED - Trading Statement

Release Date: 22/11/2017 17:32
Code(s): EXG     PDF:  
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Trading Statement

 EXTRACT GROUP LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 1998/011672/06)
 JSE share code: EXG  ISIN: ZAE000246013
 (“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. The previous corresponding
reporting period, for the purposes of this trading statement is for the period ended 30 June 2016 
(“the previous corresponding period”).

The previous corresponding period included the Industrial Equipment and Fleet Management and Logistics
businesses for the period of 12 months, compared to only four months of trading included in the 14 months
ended 31 August 2017.

The restructure and recapitalisation of eXtract (“the restructure”), approved by shareholders on 10 August
2017 has been fully implemented and eXtract is in the process of exiting all its current contract mining
contracts, and disposing of further excess assets and changing its strategic direction to an investment fund.
This has led to a reduced loss and headline loss per share.

Shareholders are accordingly advised that the Company expects that the headline loss per share for the year
ended 31 August 2017 will be 14.7 cents per share being 50.84% lower than the headline loss of 29.9 cents
per share for the previous corresponding period. The loss per share for the year ended 31 August 2017 is
expected to be 423.2 cents per share being 26.63% lower than the 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 annual financial results are expected to be released on or about 29 November
2017.

22 November 2017


Sponsor

Java Capital

Date: 22/11/2017 05:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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