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AFINE INVESTMENTS LIMITED - Trading Statement

Release Date: 30/05/2022 10:05
Code(s): ANI     PDF:  
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Trading Statement

AFINE INVESTMENTS LIMITED
(formerly Domanolor Proprietary Limited)
(Approved as a REIT by the JSE)
(Incorporated in the Republic of South Africa)
Registration number 2020/852422/06
JSE share code: ANI        ISIN: ZAE000303947
(“Afine” or “the Company” or “the Group”)


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, a listed company is required to
publish a trading statement as soon as it becomes satisfied that a reasonable degree of
certainty exists that the financial results for the next period to be reported on will differ by
at least 20% from the financial results for the previous corresponding period or a profit
forecast previously provided to the market in relation to such period.

Shareholders are referred to the pre-listing statement published on 25 November 2021
(“Pre-listing Statement”), which included a profit forecast for the Group for the year
ending 28 February 2022 (“Profit Forecast”).

Accordingly, the Company hereby advises that a reasonable degree of certainty exists
that:

-   basic earnings per share as at 28 February 2022 will be 469.06 cents, representing an
    improvement of:
    (i)  125% when compared to the basic loss per share of 1 868.51 cents per share
         reported for the period from 1 February 2021 to 28 February 2021; and
    (ii) 38% when compared to the basic earnings per share of 339.24 cents per share
         included in the Profit Forecast;

-   diluted earnings per share as at 28 February 2022 will be 469.05 cents, representing
    an improvement of:
    (i)  125% when compared to the diluted loss per share of 1 868.51 cents per share
         reported for the period from 1 February 2021 to 28 February 2021; and
    (ii) 38% when compared to the diluted earnings per share of 339.24 cents per share
         included in the Profit Forecast; and

-   headline earnings per share as at 28 February 2022 will be 46.23 cents, representing:
    (i)  an improvement of approximately 100% when compared to the headline
         earnings per share of zero cents per share reported for the period from 1
         February 2021 to 28 February 2021; and
    (ii) a decline of approximately 8% when compared to the headline earnings per
         share of 50.14 cents per share included in the Profit Forecast.

Due to the Company only being incorporated as a holding company for the Group
ahead of its listing on 9 December 2021, the historical financial information contained in
the Pre-listing Statement was prepared for the one-month period ended 28 February 2021
and is therefore not comparable to a full year of trading.

The financial information on which this trading statement is based has not been reviewed
nor reported on by the Company’s auditors.

Afine’s audited consolidated results for the year ended 28 February 2022 will be published
on 31 May 2022.

By order of the Board

30 May 2022


Designated Advisor
AcaciaCap Advisors Proprietary Limited



Date: 30-05-2022 10:05:00
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