ADW - African Dawn Capital - Adjustments to Financial Information and Renewal of
ADW
ADW
ADW - African Dawn Capital - Adjustments to Financial Information and Renewal of
Cautionary Announcement
AFRICAN DAWN CAPITAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/020520/06)
JSE code: ADW
ISIN: ZAE000060703
("Afdawn" or "the company")
1 October 2009
ADJUSTMENTS TO FINANCIAL INFORMATION AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
ADJUSTMENTS TO FINANCIAL INFORMATION
Shareholders are referred to the announcement, dated 9 September 2009, relating
to matters affecting Allegro Holdings (Proprietary) Limited, a subsidiary of
Afdawn.
Based on management`s preliminary investigations and on information currently
available, management expect earnings per share and headline earnings per share
for the year ended 28 February 2009 to be between 55 cents per share and 65
cents per share - between 27% and 37% lower than reported in the company`s
audited financial statements for the year ended 28 February 2009.
The company proposes to adjust the comparative figures by way of prior period
errors when it reports its interim results relating to the period ended
31 August 2009.
In addition to the anticipated change in headline earnings per share, the
opening retained income relating to 2008 will be reduced by approximately
R6 million.
The financial information provided above has not been reviewed or reported on by
the company`s auditors.
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are advised that negotiations are still in progress which, if
successfully concluded, may have a material effect on the price of the company`s
securities. Accordingly, shareholders are advised to continue to exercise
caution when dealing in the company`s securities until a further announcement is
made.
Johannesburg
2 October 2009
Designated Adviser
Vunani Corporate Finance
Date: 02/10/2009 16:05:13 Produced by the JSE SENS Department.
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