STADIO HOLDINGS LIMITED - Voluntary Trading Update For The Six Months Ended 30 June 2018

Release Date: 22/08/2018 13:00
Code(s): SDO
 
Wrap Text
Voluntary Trading Update For The Six Months Ended 30 June 2018

STADIO HOLDINGS LIMITED
(Previously Embury Holdings Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2016/371398/06)
Share code: SDO
ISIN: ZAE000248662
(“STADIO” or “the Company” or ”Group”)

VOLUNTARY TRADING UPDATE FOR THE SIX MONTHS ENDED 30 JUNE 2018

Shareholders are advised that STADIO is in the process of finalising its interim results for the
six months ended 30 June 2018.

Accordingly, shareholders are advised that a reasonable degree of certainty exists that the
Company expects to report earnings per share (“EPS”) of between 3.3 and 3.9 cents and
headline earnings per share (“HEPS”) of between 3.2 and 3.8 cents for the six months ended
30 June 2018.

Furthermore STADIO expects to report core headline earnings per share (“CHEPS”) of
between 3.6 and 4.4 cents for the six months ended 30 June 2018. Core headline earnings
per share represents headline earnings per share adjusted for certain items that, in the board’s
view, may distort the financial results from year to year, giving shareholders a more consistent
reflection of the underlying financial performance of the Group. These core adjustments
include non-recurring acquisition related costs and non-cash amortisation costs arising from
the consolidation of subsidiaries acquired.

The EPS, HEPS and CHEPS calculations are based on a weighted average number of shares
of 804 642 934 in issue during this period.

The financial information on which this voluntary trading update is based has not been
reviewed or reported on by the Company’s auditors. The interim results for the six months
ended 30 June 2018 are expected to be published on or about Monday, 3 September 2018.

Durbanville
22 August 2018

Sponsor
PSG Capital

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