CLOVER INDUSTRIES LIMITED - Trading statement

Release Date: 28/06/2018 12:00
Code(s): CLR
 
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Trading statement

Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
Share code: CLR ISIN No: ZAE000152377
NSX Ordinary Share code: CLN
Bond Company Code: CLRI
(“Clover” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a listed
company is 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 current reporting period will differ by
at least 20% from the financial results for the twelve months ended
30 June 2017 (“comparative period”).

Accordingly, shareholders are advised that, for the twelve months
ending 30 June 2018 (“current period”), a reasonable degree of
certainty exists that:

  •   Headline earnings per share (“HEPS”) for the current period is
      expected to be more than 20% (12.80 cents) higher than HEPS of
      63.90 cents reported for the comparative period.

  •   Further, earnings per share (“EPS”) for the current period is
      expected to be more than 20% (16.60 cents) higher than EPS of
      83.10 cents reported for the comparative period.

Shareholders are further advised that Clover does not currently have
reasonable certainty to provide guidance as to either the specific
percentage and numbers, or the range and numbers, to describe the
difference in the financial results in such periods. Once Clover
obtains reasonable certainty in this regard it will issue a further
trading statement.

The financial information on which this trading statement has been
based has not been reviewed and reported on by Clover’s external
auditors.

The Company expects to release its annual financial results for
the year ending 30 June 2018 on SENS on or about 12 September
2018.

Johannesburg
28 June 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

NSX Sponsor
IJG SECURITIES

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