W G WEARNE LIMITED - Financial results for the year ended 28 February 2019 short-form announcement

Financial results for the year ended 28 February 2019 – short-form announcement

WG WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
JSE Code: WEA
(“Wearne” or “the Company” or “the Group”)

FINANCIAL RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2019 – SHORT-FORM
ANNOUNCEMENT

FINANCIAL HIGHLIGHTS



                                                            Audited                   Audited
 GROUP                                                  28 February 2019          28 February 2018
                                                              R'000                    R'000
 Revenue                                                            269,662                     339,387

 Basic and diluted basic loss per share (cents)                       (7.79)                     (11.46)
 Headline and diluted headline loss per share
 (cents)                                                              (8.58)                      (5.31)


 Net asset value per share (cents)                                    (2.18)                          4.96
 Net tangible asset value per share (cents)                           (2.83)                          4.08

SHORT-FORM STATEMENT

This short-form statement is the responsibility of the directors. It is only a summary of the
information contained in the full announcement and does not contain full or complete details.

Any investment decision should be based on the full announcement accessible from 22
November 2022 via the JSE link and from the CEO at johnw@wearne.co.za.

Copies of the full announcement may also be requested by contacting Miss Claire Middlemiss by
email at claire@capgov.co.za and are available for inspection at the Company’s registered office
at no charge, weekdays during office hours.

The JSE link is as follows:
https://senspdf.jse.co.za/documents/2022/jse/isse/wea/FY2019.pdf

The annual financial statements, including the unqualified audit opinion of the external auditor
HLB CMA (South Africa) Inc, is available on the Company’s website on
www.wearne.co.za/investor-relations.

The trading of Wearne shares on the Johannesburg Stock Exchange Limited has been
suspended since July 2018 because of not releasing its financial statements for the years ended
28 February 2018, 2019, 2020 and 2021. The release of the results for the year ended 28
February 2018 was the first step in submitting the outstanding financial statements with a view to
having the listing reinstated. The audit fieldwork for the year ended 28 February 2020 is in
progress at the time of this statement.


The audit fieldwork for the years ended 28 February 2021 and 2022 will commence as soon as
2020 has been finalised. It is envisaged the outstanding financial information for those years will
be released by 28 February 2023.
22 November 2022
Randfontein

Designated Adviser
Exchange Sponsors

CORPORATE INFORMATION
Non-executive directors: W van der Merwe * (Chairman); FJ Mojono *; K Maelane *
*Independent
Executive directors: J Wearne, A Badenhorst
Registration number: 1994/005983/06
Registered address: 1 Main Road, Aureus, Randfontein, Gauteng 1759
Postal address: PO Box 192, Randfontein, 1760, Gauteng, South Africa
Company secretary: C Middlemiss
Telephone: 011 459 4500
Transfer secretaries: CTE Registry Services (Pty) Limited
Designated Adviser: Exchange Sponsors (2008) (Pty) Limited

Date: 22-11-2022 02:00:00
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