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 "Company”)
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
Shareholders are accordingly advised that:
- AOE's earnings per share will increase by 124.9%, from a loss of 378.9 (restated) cents per
share for the year ended 30 June 2020, to earnings of 94.5 cents per share for the year ended
30 June 2021; and
- AOE's headline earnings per share will increase by 206.3%, from a headline loss of 109.1
(restated) cents per share for the year ended 30 June 2020, to headline earnings of 116.0 cents
per share for the year ended 30 June 2021.
Shareholders are further advised that the Company's results contain a prior year adjustment and that the
comparative balances accordingly differ from those previously reported. The prior year loss and headline
loss were impacted by the recognition of an estimate of store reinstatement costs as part of the right-of-use
assets incorporated within the retail segment. The material items impacted meant that the loss per share
increased by 5.2 cents and headline loss per share increased by 3.9 cents from what was previously reported.
Further details pertaining to the restatement will be included in the reviewed results announcement which
is expected to be published on SENS on or about 30 September 2021.
The financial information on which this trading statement is based has not been reviewed or reported on by
the Company's auditors.
28 September 2021
Date: 28-09-2021 05:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.