PLC
PLC
PLC - Placecol Holdings Limited - Trading update
Placecol Holdings Limited
(formerly Zelpy 2170 (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
(JSE code: PLC & ISIN: ZAE000102307)
("Placecol" or "the company" 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 period to be
reported on will differ by 20% or more from the financial results for the
previous corresponding period or a profit forecast previously provided to the
market.
The prospectus issued by the company contained a forecast of earnings and
headline earnings per share for the year ended 29 February 2008 of 10.4 cents,
respectively. The headline earnings per share will be between 20% and 25% below
the forecast headline earnings, therefore between 7.8 cents and 8.3 cents per
share but between 695% and 705% higher than those for the audited three months
ended 28 February 2007. The decrease in forecast headline earnings per share is
attributable to the profit on the sale of intellectual rights and properties of
a new franchise concept and products, being excluded from headline earnings.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
The company`s results for the year ended 29 February 2008 are expected to be
released on SENS on or before 5 June 2008.
2 June 2008
Designated Adviser
Vunani Corporate Finance
Date: 02/06/2008 09:45:00 Produced by the JSE SENS Department.
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