SKY - Sea Kay Holdings Limited - Trading statement for the interim period 31
SKY
SKY
SKY - Sea Kay Holdings Limited - Trading statement for the interim period 31
December 2011 and update on the cautionary announcement released on 18 April
2012
SEA KAY HOLDINGS LIMITED
(Registration number 2006/004967/06)
(Incorporated in the Republic of South Africa)
JSE code: SKY
ISIN: ZAE000102380
("Sea Kay" or "the company")
TRADING STATEMENT FOR THE INTERIM PERIOD 31 DECEMBER 2011 AND UPDATE ON THE
CAUTIONARY ANNOUNCEMENT RELEASED ON 18 APRIL 2012
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited,
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on
will differ by more than 20% from the previous corresponding period.
Accordingly, shareholders are advised that for the six months ended 31 December
2011, Sea Kay expects to reflect a basic loss of between 24.91 and 29.89 cents
per share and a headline loss of between 3.40 and 4.08 cents per share.
After protracted negotiations with the Lonerock vendors, no agreement could be
reached, resulting in the Lonerock vendors exercising their right to re-purchase
all of their shares previously held by the company (49.99%). The financial
effects of and additional commentary will be published with the interim
financial results for 31 December 2011. Shareholders are therefore advised that
the relevant portion of the cautionary issued on SENS on 18 April 2012 is
therefore withdrawn.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
The reviewed results for the interim period ended 31 December 2011 are expected
to be released on 30 April 2012.
26 April 2012
Johannesburg
Sponsor
Vunani Corporate Finance
Date: 26/04/2012 08:38:34 Produced by the JSE SENS Department.
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