ADW 201305170038A
Trading update
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")
TRADING STATEMENT
In compliance with paragraph 3.4 of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon as
it is satisfied that a reasonable degree of certainty exists, that the financial
results for the next period to be reported on are likely to vary by more than
20% from the previous corresponding period.
Afdawn advise shareholders that the company expects a decrease in the
Earnings per share ("EPS") and Headline Earnings per share ("HEPS") to a Loss per
share (“LPS”) and Headline Loss per share (“HLPS”), for the
year ended 28 February 2013.
The reported EPS and HEPS for the previous corresponding period were 3.23 cents and
3.06cents respectively. The company expects EPS to decrease between 122% and 102%
and HEPS to decrease between 121% and 101% from the previous corresponding
period.
Shareholders attention is drawn to the SENS issued on 10 April 2013, which stated
Afdawn’s change of vision to become an active investment holding company acquiring
shareholding in entrepreneurial companies, with strong innovation drive which are
in proven growth phases, by enhancing the capabilities of these entities to
accelerate long term sustainable growth.
The audited results for the year ended 28 February 2013 will be released on SENS
during the last week of May 2013. The information in this trading statement has
not been reviewed or reported on by Afdawn`s auditors, Grant Thornton.
Johannesburg
17 May 2013
Designated Advisor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 17/05/2013 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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