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AFRICAN & OVERSEAS ENTERPRISES LIMITED - Trading statement

Release Date: 21/08/2019 17:15
Code(s): AON AOO AOVP     PDF:  
Wrap Text
Trading statement

AFRICAN AND OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO   ISIN: ZAE000000485
JSE share code: AON   ISIN: ZAE000009718
JSE share code: AOVP   ISIN: ZAE000000493
("AOE" or "the Group")


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial 
results for the current reporting period will differ by at least 20% from the financial results for the 
previous corresponding period.

Shareholders are accordingly advised that:

1.    AOE's earnings per share ("EPS") is expected to increase by between 158.5% and 178.5%, from
      earnings of 50.1 cents per share reported by AOE for the year ended 30 June 2018 to earnings of
      between 129.5 cents and 139.5 cents per share for the year ended 30 June 2019; and

2.    AOE's headline earnings per share ("HEPS") is expected to decrease by between 106% and 86%,
      from headline earnings of 50.2 cents per share reported by AOE for the year ended 30 June 2018 to a
      headline earnings (loss) of between (3.0) cents and 7.0 cents per share for the year ended
      30 June 2019.

The information on which this trading statement has been based has not been reviewed or reported on by the
Group's auditors. The results for the year ended 30 June 2019 are expected to be published on or about
30 September 2019.

21 August 2019


Sponsor
Java Capital

Date: 21/08/2019 05:15:00
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