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Trading Statement
AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE
ISIN: ZAE000195731
("AEEI" or “the Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Listings Requirements,
listed companies are required to publish a trading statement
as soon as the Board of directors is satisfied that a
reasonable degree of certainty exists that the financial
results for the period to be reported on next will vary by 20%
or more when compared to those of the corresponding prior
reporting period.
Accordingly, the Company expects to report basic earnings per
share for the year ending 31 August 2020 of between 0 and 28.3
cents per share, representing an increase of between 100% and
110%, compared to a loss per share of 283.3 cents per share
reported on for the year ended 31 August 2019.
The Company also expects to report headline earnings per share
(“HEPS”) for the year ending 31 August 2020 of between 0 and
10.0 cents per share, representing a decrease of between 90%
and 100%, compared to HEPS of 100.64 cents per share reported
on for the year ended 31 August 2019.
The financial information on which this trading statement is
based has not been reviewed or reported on by the Company’s
auditors.
AEEI is in the process of finalising its financial results for
the year ending 31 August 2020, which is scheduled to be
released on the Stock Exchange News Service of the JSE on or
about 25 November 2020.
Cape Town
24 November 2020
Joint Sponsor
Vunani Sponsors
Joint Sponsor
Merchantec Capital
Date: 24-11-2020 07:30:00
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