SER/SRN - Seardel - Trading statement and cautionary announcement
SER SRN
SER
SER/SRN - Seardel - Trading statement and cautionary announcement
SEARDEL INVESTMENT CORPORATION LIMITED
Registration Number 1968/011249/06
(Incorporated in the Republic of South Africa)
Share Code: SER & ISIN: ZAE000029815
Share Code: SRN & ISIN: ZAE000030144
("Seardel" or "the company")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Seardel has incurred substantial trading losses in
the 12 month period ending 30 June 2008 and its financial results for the period
will reflect a loss of at least R100 million (111 cents per share). This is
after providing for retrenchment and restructure costs of approximately R40
million.
The company is not yet in a position to give the specific guidance required by
the JSE Listings Requirement for a trading statement. Accordingly shareholders
are advised to exercise caution when trading in Seardel shares until a further
announcement is made.
As announced on 25 June 2008 the company is embarking on a partially
underwritten rights offer to raise additional capital.
27 June 2008
Sponsor
Java Capital (Proprietary) Limited
Date: 27/06/2008 15:13:01 Produced by the JSE SENS Department.
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