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OCEANA GROUP LIMITED - Trading Statement

Release Date: 17/08/2023 10:25
Code(s): OCE     PDF:  
Wrap Text
Trading Statement

Oceana Group Limited
Incorporated in the Republic of South Africa
(Registration number 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN Number: ZAE000025284
("Oceana" or "the Group")

TRADING STATEMENT FOR THE YEAR ENDING 30 SEPTEMBER 2023


In accordance with section 3.4(b) of the Listings Requirements of the JSE Limited (“JSE”), a listed company must
publish a trading statement once it is satisfied that a reasonable degree of certainty exists that the financial results for
the period to be reported on next will differ by at least 20% from financial results reported in the prior period.


Shareholders are accordingly advised that, due to the disposal of the Group’s interest in Commercial Cold Storage
Group Limited (“CCS Logistics”), with effect from 4 April 2023, a reasonable degree of certainty exists that the total
earnings per share (“EPS”) of the Group for the year ending 30 September 2023, will be more than 20% higher than
the amount of 603 cents per share reported in the previous year. The disposal of Oceana’s interest in CCS Logistics
gave rise to a realised profit of R480 million before tax and R370 million after tax, directly translating to an EPS increase
of c. 304 cents per share. This profit has no impact on headline earnings per share as it has been excluded for headline
earnings purposes.


As and when the Group does have reasonable certainty of the anticipated trading range, it will provide further guidance
to shareholders in accordance with paragraph 3.4(b)(iii) of the Listings Requirements of the JSE.


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


17 August 2023

Cape Town


JSE Sponsor
The Standard Bank of South Africa Limited


Namibian Sponsor
Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 17-08-2023 10:25:00
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