AVIOR CAPITAL MARKETS HOLDINGS LIMITED - Summarised unaudited condensed consolidated interim results for the six months ended 31 October 2019

Summarised unaudited condensed consolidated interim results for the six months ended 31 October 2019

AVIOR CAPITAL MARKETS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/086358/06)
JSE share code: AVR  ISIN: ZAE000211637
(“Avior” or “the company”)


SHORT FORM ANNOUNCEMENT: SUMMARISED UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS 
ENDED 31 OCTOBER 2019


HIGHLIGHTS
   - Revenue declined 31% to R51.3 million
   - Profit for the period declined to a loss of R18.7 million
   - Earnings per share and headline earnings per share decreased from (0.44) and (0.45) respectively to (12.75)
     cents per share

Avior is the holding company of a capital markets group (“the group”) that provides research, stockbroking, corporate
broking and access services offerings to institutional clients, corporate and private wealth clients in South Africa and
abroad. The group has offices in Johannesburg, Cape Town and London, and is listed on the Alternative Exchange of
the JSE Limited.

Pursuant to an offer received, a scheme of arrangement in terms of section 114(1)(c) of the Companies Act, 2008
(“scheme”) was proposed by the Avior board between Avior and Avior’s shareholders, which, if implemented, will
result in the offeror acquiring all of the Avior shares held by scheme participants and Avior delisting from the JSE. At
a general meeting of shareholders held on Monday, 20 January 2020, all resolutions tabled thereat were passed by the
requisite majority of shareholders. Accordingly, subject to the fulfilment or waiver of the outstanding scheme conditions
precedent, the scheme will now be implemented.

SHORT FORM ANNOUNCEMENT
This short form announcement is the responsibility of the directors and is only a summary of the full announcement
released on SENS on 31 January 2020.

This short form announcement does not contain full or complete details pertaining to the company’s results. Any
investment decisions by investors and/or shareholders should therefore be based on consideration of the full
announcement which may be downloaded from the company’s website at https://avior.co.za/investor-centre/financials/
and may be viewed at the registered offices of the company and of the designated advisor, at no charge, during normal
business hours for a period of 30 days after the release of this announcement. The full announcement is also available
on the JSE’s website at  https://senspdf.jse.co.za/documents/2020/jse/isse/avre/Intres2019.pdf

Directors:
Executive directors:
Peter Koutromanos (Chief Executive Officer), Kevin Mattison (Managing Director), Justin Larsen (Chief Financial
Officer)

Non-executive directors:
Marilyn Ramplin, Stephan David Price (Chairman), Thabo Mokgathla

Registered office:
11th Floor, South Tower, 140 West Street, Sandton, 2196
www.avior.co.za

Designated advisor:
Java Capital
2nd Floor, 6A Sandown Valley Crescent, Sandton, 2196

Company secretary:
Fusion Corporate Secretarial Services

Transfer Secretary:
4 Africa Exchange Registry

31 January 2020


Designated advisor
Java Capital

Date: 31-01-2020 05:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.