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UNION ATLANTIC MINERALS LIMITED - Trading Statement - Unaudited August 2018 Year-End Results

Release Date: 28/03/2019 10:00
Code(s): UAT     PDF:  
 
Wrap Text
Trading Statement - Unaudited August 2018 Year-End Results

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

TRADING STATEMENT - UNAUDITED AUGUST 2018 YEAR-END 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 with respect to the Net Asset
Value per share as at 31 August 2018, and as a consequence the Company is therefore in a position
to issue this trading statement in terms of Section 3.4 (b) of the JSE Listings Requirements.

Accordingly, the Board announces that the Company expects the Net Asset Value as at 31 August
to be R55.1 million, which is 32.02% increase on the R41.8 million reported as at 31 August 2017.
This will in turn translate into a Net Asset Value per share of 4.28 cents per share, which is a
32.02% increase on the 3.24 cents per share reported as at 31 August 2017. In addition, the Board
announces that the Company expects the Net Tangible Asset Value per share as at 31 August to
be R16,140 816, which is 483.12% more 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 1.25 cents per share, which is
483.12% increase on 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, EY.

The Company’s results for the year ended 31 August 2018 are expected to be published on SENS
on or before 12 April 2019.

Centurion
28 March 2019
Sponsor and Corporate Advisor
River Group

Date: 28/03/2019 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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