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PEMBURY LIFESTYLE GROUP LIMITED - Trading Statement

Release Date: 15/08/2018 09:58
Code(s): PEM     PDF:  
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Trading Statement

PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949      JSE Code: PEM

TRADING STATEMENT

In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon
as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to
be reported will differ by at least 20% from the financial results for the previous corresponding period or a
profit forecast previously provided to the market in relation to such period.

The Company included a profit forecast in its prospectus, which was issued on 9 March 2017 ahead of its
listing on the JSE on 31 March 2017 wherein a loss per share and headline loss per share of (1.30) cents
and (0.87) cents was forecast. Shareholders are advised as follows:

•     the loss per share is (6.57) cents per share for the financial year ended 31 December 2017, which
      represents a decline of 42.5% compared to the prior year’s loss per share of (4.61) cents and more
      than 100% compared to the forecast loss per share of (1.3) cents; and

•     the headline loss per share is (6.20) cents per share for the financial year ended 31 December 2017,
      which represents a decline of 38.4% compared to the prior year’s headline loss per share of (4.48)
      cents and more than 100% compared to the forecast headline loss per share of (0.87) cents.

Shareholders are advised that the earnings per share and headline earnings per share for the period
ended 31 December 2016 was for a period of 10 months. PL Group was granted a listing on the
Alternative Stock Exchange (“AltX”) of the JSE with effect from 31 March 2017. During 2016, the Company
changed its financial year end from February to December.

Shareholders are also advised that the net asset value per share increased to 47.09 cents from 8.42 cents
and the tangible net asset value per share increased to 38.47 cents from 6.75 cents. This increase arises
primarily from the revaluation of properties acquired during the year to fair value net of deferred
taxation, which is recorded in Other Comprehensive Income.

The financial information on which this trading statement is based has not been reviewed by the
company’s auditors. The audit committee and board will be meeting on 21 August 2018 to consider and
approve the audited annual financial statements, results announcement for publication on SENS and the
Annual Report, which will be finalised and posted to shareholders before the end of August 2018.

BY ORDER OF THE BOARD
Johannesburg
15 August 2018

Designated Advisor
Arbor Capital Sponsors

Date: 15/08/2018 09:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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