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FREEDOM PROPERTY FUND LIMITED - Trading statement

Release Date: 29/06/2020 10:02
Code(s): FDP     PDF:  
Wrap Text
Trading statement

FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
(“the Company” or “Freedom”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty
that the financial results for the next reporting period will differ by more than 20% from those of the
previous corresponding period.

Accordingly, a review of the financial results for the financial year ended 28 February 2018 by
management indicates, with a reasonable degree of certainty, that the financial results for the period
ended 28 February 2018, when compared with the published results for the period ended 28 February
2017 (“Comparative Period”), will differ as follows:

    •   earnings per share (“EPS”) are expected to decrease by 1.42 cents per share to a loss per
        share of 0.41 cents, as compared to the EPS of 1.01 cents for the Comparative Period,
        representing a decrease of 141% from the Comparative Period; and

    •   headline losses per share (“HLPS”) are expected to increase by 0.40 cents per share to an
        HLPS of 1.38 cents, as compared to the HLPS of 0.98 cents for the Comparative Period,
        representing an increase of 41% from the Comparative Period.

It is expected that Freedom will release its financial results in respect of the financial year ended
28 February 2018 on or before 3 July 2020.


Paarl
29 June 2020

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 29-06-2020 10:02:00
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