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TASTE HOLDINGS LIMITED - Trading Statement

Release Date: 19/11/2018 17:05
Code(s): TAS     PDF:  
Wrap Text
Trading Statement

TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2000/002239/06)
Share code: TAS
ISIN: ZAE000081162
(“Taste” or “the Company”)


TRADING STATEMENT


In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the six-
month period ended 31 August 2018:

-     loss per share will be between 7.8 cents and 8.4 cents, representing a decrease of
      between 48% and 51% compared to the loss per share of 16 cents reported for the
      period ended 31 August 2017; and

-     headline loss per share will be between 7.7 cents and 8.2 cents, representing a
      decrease of between 48% and 52% compared to the headline loss per share of
      15.9 cents reported for the period ended 31 August 2017.

The loss per share decreased mainly due to an increase in the number of shares in issue post
the rights offer which took place on 29 January 2018. Details of the rights offer were contained
in an announcement sent to shareholders on 9 January 2018.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The results for the six-month period ended 31
August 2018 are expected to be published on or about 21 November 2018.

Johannesburg
19 November 2018

Sponsor
PSG Capital

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