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Trading Statement
AVIOR CAPITAL MARKETS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2015/086358/06)
JSE Code: AVR
ISIN: ZAE000211637
("Avior Holdings" or “the Company”)
TRADING STATEMENT
In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, shareholders are
hereby advised that a reasonable degree of certainty exists that Avior Holdings’ headline earnings per
share (“HEPS”) for the 12-month period ended 30 April 2019 will reflect a decrease of between 531%
(decrease of 18.88 cents per share) and 551% (decrease of 19.59 cents per share) compared to the
previous corresponding period. This implies that HEPS is expected to be between -15.33 cents and
-16.04 cents. HEPS for the 12-month period ended 30 April 2018 was 3.55 cents.
Shareholders are further advised that Avior Holdings’ earnings per share (“EPS”) for the 12-month
period ended 30 April 2019 will also reflect a decrease of between 615% (decrease of 18.39 cents per
share) and 635% (decrease of 18.99 cents per share) compared to the previous corresponding period.
This implies that EPS is expected to be between -15.40 and -16.00 cents. EPS for the 12-month period
ended 30 April 2018 was 2.99 cents.
The information on which this trading statement is based has not been reviewed and/or reported on
by Avior Holdings’ auditors. It is expected that the audited financial results for the 12-month period
ended 30 April 2019 will be published on SENS by the Company on or about Wednesday, 31 July 2019.
Johannesburg
25 July 2019
Designated Advisor
Pallidus Capital Proprietary Limited
Date: 25/07/2019 05:50:00
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