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SEBATA HOLDINGS LIMITED - Trading Statement

Release Date: 12/07/2021 15:11
Code(s): SEB     PDF:  
Wrap Text
Trading Statement

Sebata Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/003821/06)
Share code: SEB   ISIN: ZAE000260493
(“Sebata” or “the Company”)


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review by management of the financial results for the year ended 31 March 2021
(“Results”) has indicated that:

-   the basic loss per share is expected to be between 46.35 cents and 51.23 cents, reflecting a
    decrease of between 110.34% and 111.43% compared to the basic earnings per share of 448.27
    cents for the year ended 31 March 2020;

-   the headline loss per share (“HLPS”) is expected to be between 29.34 cents and 26.55 cents,
    relecting an improvement of between 72.72% and 75.32% compared to the HLPS of 107.57 cents
    for the year ended 31 March 2020;

-   the continued basic loss per share is expected to be between 51.23 cents and 46.35 cents,
    reflecting an improvement of between 53.73% and 58.14% compared to the continued loss per
    share of 110.72 cents for the year ended 31 March 2020; and

-   the continued headline loss per share is expected to be between 29.34 cents and 26.55 cents,
    reflecting an improvement of between 71.17% and 73.91% compared to the continued headline
    loss per share of 101.77 cents for the year ended 31 March 2020.

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

Shareholders are referred to the announcement released on SENS on Thursday, 1 July 2021, advising
of the delay in the finalisation of the Company’s Results. The delay was caused by protracted
negotiations in extending the Water and Software B-BBEE deals which had a major impact on the
Results. This was further exacerbated by continued delays in tenders being awarded to the respective
companies due to the ongoing impact of the Covid-19 pandemic, which had a major impact on the
earnings of the respective companies included in the deals.

Accordingly, Sebata’s Results are expected to be released on SENS on or about 14 July 2021.


Johannesburg
12 July 2021

Sponsor
Merchantec Capital

Date: 12-07-2021 03:11:00
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