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UNICORN CAPITAL PARTNERS LIMITED - Trading statement for the six months ended 31 December 2019

Release Date: 18/03/2020 17:00
Code(s): UCP     PDF:  
Wrap Text
Trading statement for the six months ended 31 December 2019

Unicorn Capital Partners Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: UCP: ISIN: ZAE000244745
(“Unicorn” or “the Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2019

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it is satisfied, with a reasonable degree of certainty,
that the financial results for the period to be reported upon next will differ by at least 20% from those of
the previous corresponding reporting period (i.e. 31 December 2018).

Accordingly, shareholders are advised that, for the six months ended 31 December 2019, the Company
is expected to reflect:

-        a basic loss per share of between 5.82 and 8.38 cents, as compared to the earnings per share
         reported for the previous corresponding period of 16.87 cents; and

-        a headline loss per share (“HLPS”) of between 5.12 and 7.37 cents compared to the HLPS
         reported for the previous corresponding period of 1.50 cents.

Restatement

Certain group comparative figures have been re-presented as a result of:

1) Nkomati Anthracite Proprietary Limited and Benicon Coal Proprietary Limited no longer being
   classified as held-for-sale and subsequently re-classified to continuing operations; and

2) Geosearch Proprietary Limited and its subsidiaries as well as Unicorn Mining Services Proprietary
   Limited and its subsidiaries being classified as held-for-sale and subsequently re-classified to
   discontinued operations.

Additional information surrounding the above can be obtained from the Circular to Shareholders
published on 11 March 2020.

These changes have not resulted in any restatements to the basic earnings per share, nor any changes
in the headline loss per share reported for the previous corresponding period.

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

Unicorn’s financial results for the six months ended 31 December 2019 are expected to be released
on or before 31 March 2020.

Johannesburg
18 March 2020

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 18-03-2020 05:00:00
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