WILSON BAYLY HOLMES-OVCON LIMITED - Further Trading Statement

Further Trading Statement

WILSON BAYLY HOLMES - OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“WBHO or “Company” or “Group”)


FURTHER TRADING STATEMENT

Shareholders are referred to the Trading Statement published on SENS on 8 February 2023 in which
stakeholders were advised of the trading update for the Group over the financial period ended 31
December 2022. Shareholders are advised that the represented position at 31 December 2021 has
been corrected to correctly reflect the elimination of the Australia Group’s tax position at that date.

The re-presented earnings per share from continuing operations is expected to produce earnings per
share of between 810 cents and 835 cents per share compared to the represented earnings per share
of 596 cents. Headline earnings per share is expected to produce earnings per share 800 cents and
828 cents per share compared to re-presented headline earnings per share of 591 cents per share
from continuing operations at 31 December 2021. The anticipated costs of closure disclosed in the
Business Update has not changed.


Accordingly, the directors of WBHO now hereby advise shareholders that, in respect of the
consolidated financial results for the six months ended 31 December 2022, earnings per share and
headline earnings per share are expected to vary by the percentages and amounts included in the
table below:-

                               31 December 2022               31 December             31 December
                                % range between                      2022                    2021
                                                                  between             represented
             Continuing
             operations
  Attributable earnings
      per share (cents)           36% to 40% up             810 and 834,6                   596,1
      Headline earnings
       per share(cents)           35% to 40% up           800,0 and 827,6                   591,1

       Total operations
           Attributable         124% to 126% up               620 and 659                (2 535,0)
    earnings/(loss) per
          share (cents)
               Headline         138% to 140% up             610 and 645.3                (1 613,2)
    earnings/(loss) per
           share(cents)


The summarised consolidated financial statements for the six months ended 31 December 2022 are
expected to be released on SENS on 28 February 2023.

The financial information on which this trading statement is based has not been reviewed or reported on by
the Group’s external auditors.



By order of the board
Johannesburg
20 February 2023
Sponsor: Investec Bank Limited

Date: 20-02-2023 03:13:00
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