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Updated Trading Statement
HULISANI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
Share code: HUL ISIN: ZAE000212072
(“Hulisani” or “the Company”)
Updated Trading Statement
Further to the trading statement released on SENS on 22
November 2017, shareholders are hereby advised that the basic
loss per share and headline loss per share for the six months
ended 31 August 2017 is expected to be 11 cents per share,
compared to the basic earnings per share and headline earnings
per share of 5 cents per share for the prior year
corresponding six months ended 31 August 2016, being a
decrease of 240%.
Hulisani Limited ceased to be a Special Purpose Acquisition
Company (“SPAC”) on 22 March 2017, where it earned Interest
Income on capital that had been raised at listing, and has
since increased investment activities, resulting in the
deployment of the capital raised, mainly on the acquisition of
equity stakes in three companies during the half year period.
The loss is mainly attributable to acquisition costs
associated with the investments made, while dividend income
from the investments is expected to accrue in the latter part
of the year and beyond.
The information in this trading statement has neither been
reviewed nor reported on by the Company’s external auditors.
Johannesburg
27 November 2017
Sponsor: PSG Capital Proprietary Limited
Date: 27/11/2017 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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