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TELEMASTERS HOLDINGS LIMITED - Further Trading Statement, Appointment of Lead Independent Director and Change in Status of a Director

Release Date: 26/09/2018 17:27
Code(s): TLM     PDF:  
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Further Trading Statement, Appointment of Lead Independent Director and Change in Status of a Director

TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE 000093324
(“Telemasters” or “the Company”)


FURTHER TRADING STATEMENT, APPOINTMENT OF LEAD INDEPENDENT DIRECTOR
AND CHANGE IN STATUS OF DIRECTOR


Trading Statement
Further to the trading statement released on SENS on 29 June 2018 in which
shareholders were advised that TeleMasters expects its earnings per share and
headline earnings per share for the year ended 30 June 2018 to be at least 20%
higher than the earnings per share and headline earnings per share for the previous
corresponding period, the Company is now in a position to provide specific
guidance on its trading range in terms of paragraph 3.4(b)(iii)(2) of the JSE Listings
Requirements.

Shareholders are accordingly advised that TeleMasters expects its earnings per share
and headline earnings per share for the year ended 30 June 2018 to be between
7.02 and 7.60 cents per share, being between 20% to 30% higher compared to the
earnings per share and headline earnings per share of 5.85 cents per share for the
year ended 30 June 2017.

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

Appointment of Lead Independent Director
TeleMasters is pleased to announce that Mr Fred Steinberg, who joined the Board on
1 June 2018, has been appointed as the Lead Independent Director with immediate
effect.

Change in Status of Director
The Board is pleased to announce that the status of Mr Marthinus Erasmus has
changed from that of a non-executive director to an independent non-executive
director with immediate effect.

Pretoria
26 September 2018

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 26/09/2018 05:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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