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SEA HARVEST GROUP LIMITED - Trading Statement

Release Date: 05/02/2018 07:05
Code(s): SHG     PDF:  
Wrap Text
Trading Statement

Sea Harvest Group Limited
(Formerly Sea Harvest Holdings Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2008/001066/06)
Share code: SHG ISIN: ZAE000240198
(“Sea Harvest” or “the Company”)


Trading statement

Sea Harvest is in the process of finalising its maiden financial results for the year ended 31 December
2017 subsequent to listing on the JSE. The financial results are scheduled to be released on or about
6 March 2018.

Shareholders are advised that the Company expects to report a basic earnings per share (“EPS”) of
between 110 and 124 cents (representing an increase of between 28% and 44%) and a basic headline
earnings per share (“HEPS”) of between 99 and 113 cents (representing an increase of between 74%
and 98%), compared to the EPS of 86 cents and HEPS of 57 cents for the year ended 31 December
2016 as disclosed in the Company’s Pre-listing Statement dated 6 March 2017 (“PLS”). The improved
performance of the Group was driven by the South African operations with strong market demand for
Cape Hake globally and significantly enhanced performance from the investments made in the
Saldanha Bay processing plants.

The EPS and HEPS calculations are based on the weighted average number of shares in issue
(“WANOS”) during the twelve month period ended 31 December 2017 of 217,859,827, compared to a
WANOS of 141,540,333 for the year ended 31 December 2016, after taking into account the share
consolidation of one Ordinary Share for every six Ordinary Shares in terms of the Capital Restructure
as disclosed in the PLS.

The financial information on which this trading statement has been based has neither been reviewed
nor audited by the Company’s external auditors.


Cape Town
Monday, 05 February 2018

Sponsor
The Standard Bank of South Africa Limited

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