FREEDOM PROPERTY FUND LIMITED - Trading statement in respect of the financial year ended 29 February 2016

Trading statement in respect of the financial year ended 29 February 2016

FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
(“the Company” or “Freedom Property”)

TRADING STATEMENT IN RESPECT OF THE FINANCIAL YEAR ENDED 29 FEBRUARY 2016
AND RESTATEMENT IN RESPECT OF THE FINANCIAL YEAR ENDED 28 FEBRUARY 2015

In terms of the JSE Limited Listings Requirements, companies are required to publish a trading
statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results
for the period to be reported upon next will differ by at least 20% from those of the previous
corresponding reporting period.

The last annual financial statements released by Freedom Property were in respect of the financial year
ended 28 February 2015. Freedom Property is now in the process of finalising its annual financial
results in respect of the financial year ended 29 February 2016.

Furthermore, as noted in the announcement released on SENS on 27 January 2017, the financial
results of the Company for the year ended 28 February 2015 will contain restatements in respect of
certain identified reportable irregularities relating to transactions undertaken in the prior years under the
previous board and management of the Company (“the Restatements”). Further information in respect
of the Restatements is contained in the aforementioned announcement.

Shareholders are hereby advised that, in respect the financial year ended 29 February 2016, the
earnings/loss per share (“EPS/LPS”) and headline earnings/loss per share (“HEPS/HLPS”) are
expected to be as follows, as compared to the reported and restated EPS/LPS and HEPS/HLPS in
respect of the corresponding financial year:




                                           28-Feb-15                                29-Feb-16


                                           Actual          Restated           Cents per         % change (1)
                                                                              share


 EPS/(LPS) and
                                           58.61            (40.53)              (1.56)              96.2%
 diluted EPS/(LPS)


 HEPS/(HLPS) and
                                            1.49            (22.37)              (2.00)              91.1%
 diluted HEPS/(HLPS)


Note:
(1) % change as compared to the restated financial results for the year ended 28 February 2015,
    being the corresponding period in respect of the 2016 financial year.

It is expected that Freedom Property will release its annual financial results in respect of the financial
year ended 29 February 2016 (including the restated results in respect of the financial year ended
28 February 2015) between 18 and 22 March 2019.

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



Paarl
6 March 2019

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 06/03/2019 03:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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