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PEPKOR HOLDINGS LIMITED - Trading Statement

Release Date: 17/04/2019 14:30
Code(s): PPH     PDF:  
 
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Trading Statement

PEPKOR HOLDINGS LIMITED
(Previously Steinhoff Africa Retail Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
ISIN: ZAE000259479
(“Pepkor” or the “Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a listed company is required to
publish a trading statement once it is satisfied that a reasonable degree of certainty exists that
the financial results for the period to be reported on next will differ by at least 20% from the
financial results for the previous corresponding period.

Pepkor’s unaudited interim results for the six months ended 31 March 2018 (“H1FY18”), as
reported on 28 May 2018, included one-off costs incurred pertaining to a provision for
exposure in terms of a corporate financial guarantee and associated loans which amounted
to R500 million (“one-off costs”).

While the Company does not have the required degree of certainty to provide details of the
anticipated range expected for headline earnings per share (“HEPS”) and earnings per share
(“EPS”) for the six-month period ended 31 March 2019 (“H1FY19”), the required degree of
certainty does exist that the non-recurring nature of the one-off costs incurred in H1FY18, in
isolation, will positively impact H1FY19 HEPS and EPS by at least 20%, or 7.2 cents per share,
when compared to the H1FY18 HEPS and EPS of 36.2 cents per share.

A further trading statement will be issued as soon as there is a reasonable degree of certainty
as to the likely range within which the Company’s HEPS and EPS are expected to increase.

The results for the six-months ended 31 March 2019 is expected to be published on SENS on
or about 29 May 2019.

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

Parow
17 April 2019

Sponsor:
PSG Capital

Date: 17/04/2019 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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