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UNION ATLANTIC MINERAL LIMITED - VOLUNTARY TRADING STATEMENT - UNAUDITED FEBRUARY 2018 INTERIM RESULTS

Release Date: 02/11/2018 15:15
Code(s): UAT     PDF:  
 
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VOLUNTARY TRADING STATEMENT - UNAUDITED FEBRUARY 2018 INTERIM RESULTS

UNION ATLANTIC MINERALS LIMITED
("Union Atlantic" or "the Company")
(Registration Number 1998/001940/06)
Share Code: UAT
ISIN: ZAE000254214

VOLUNTARY TRADING STATEMENT - UNAUDITED FEBRUARY 2018 INTERIM
RESULTS

Shareholders are reminded that, due to the nature of the business of the Company, Net Asset Value
per share has been adopted for trading statement purposes.

Shareholders are advised that a reasonable degree of certainty exists over the Net Asset Value per
share as at 28 February 2018 and the Company is therefore in a position to issue this voluntary
trading statement in terms of Section 3.4 (b) of the JSE Listings Requirements.

Accordingly, the Board announces that Union Atlantic expects the Net Asset Value as at 28
February to be R38.1 million, which is 8.64% less than the R41.8 million reported as at 31 August
2017. This will in turn translate into a Net Asset Value per share of 2.96 cents per share, which is
8.64% less than the 3.24 cents per share reported as at 31 August 2017. In addition, the Board
would also like to announce that Union Atlantic expects the Net Tangible Asset Value per share
as at 28 February to be (R922,338), which is 133.32% less than the R 2,768,031 reported on 31
August 2017. This will in turn translate into a Net Tangible Asset Value per share of (0.07) cents
per share, which is 133.32% less than the 0.21 cents per share reported as at 31 August 2017.

The financial information on which this trading statement is based has not been reviewed or
audited by the Company`s external auditors, Ernst & Young Inc.

The Company’s interim results for the six months ended 28 February 2018 are expected to be
published on SENS on or before 6 November 2018.

Centurion
2 November 2018
Sponsor and Corporate Advisor
River Group

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