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eXtract GROUP LIMITED - Trading statement

Release Date: 10/12/2018 14:56
Code(s): EXG     PDF:  
Wrap Text
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 JSE Listings Requirements 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 and accordingly, the previous corresponding reporting
period, for the purposes of this trading statement is for the fourteen months ended 31 August 2017
(the "previous corresponding period").

Further, following the 200:1 share consolidation implemented on 8 November 2017, the previous
corresponding period loss per share ("LPS") headline loss per share ("HLPS") were restated in the interim
financial report for the 6-month period ended 28 February 2018 published on SENS on 5 June 2018
("restated previous corresponding period").

Shareholders are advised that the LPS for the 12 months ended 31 August 2018 (the "current financial
period") is anticipated to be 818.5 cents per share being 99.03% lower, compared to the LPS of 84 630.7
cents per share in the restated previous corresponding period.

The company's HLPS for the current financial period is anticipated to be 747.3 cents per share being 74.6%
lower, compared to the HLPS of 2 940 cents per share in the restated previous corresponding period.

In accordance with paragraph 3.4(b)(viii)(1) of the JSE Listings Requirements a trading statement must be
reported on in accordance with ISAE 3400 – The Examination of Prospective Financial Information or
ISAE 3000 – Assurance Engagements other than Audits or Reviews of Historical Financial Information.
ISRE 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity is
deemed more appropriate for purposes of this trading statement and accordingly the company sought, and
was granted a dispensation by the JSE Limited for the trading statement to be reviewed in terms of ISRE
2410, and not to be reported on in accordance with ISAE 3400 nor ISAE 3000. Accordingly, in accordance
with Regulations 111(9) and (10) of the Companies Act Regulations, 2011 and the dispensation granted by
the JSE Limited the financial information in this trading statement has been reviewed and reported on by
Deloitte, the company's external auditors, in accordance with ISRE 2410. A copy of their unmodified report
is available for inspection by shareholders at the registered address of eXtract until the publication of the
results.

10 December 2018


Sponsor
Java Capital

Date: 10/12/2018 02:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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