Sharenet Sites 
Sharenet Sites
Trading statement for the six months ended 30 June 2020
Arden Capital Limited
(formerly Brainworks Limited)
(Registration number: 115883 C1/GBL)
Share Code: ACZ
ISIN: MU0548S00026
(“the Company”)
Trading statement for the six months ended 30 June 2020
In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company
is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty
exists that the financial results for the next period to be reported on will differ by at least 20% from those
of the previous corresponding period.
Shareholders are hereby advised that, for the six months ended 30 June 2020, when compared to the
six months ended 30 June 2019 (“HY2019”):
• earnings per share of the Company are expected to be between 2.20 and 2.88 US cents per
share being a decrease of between 15% and 35% from the earnings per share of 3.39 US cents
reported for HY2019; and
• headline earnings per share are expected to be between 0.10 and 0.67 US cents per share,
being a decrease of between 83% and 97% from the restated headline earnings per share of
3.92 US cents reported for HY2019.
The financial information contained in this announcement has not been audited, reviewed or reported
upon by the Company’s external auditors.
Arden Capital’s results for the six months ended 30 June 2020 are expected to be released on or about
23 October 2020.
Grand Baie, Mauritius
21 October 2020
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 21-10-2020 12:49:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
