SEARDEL INVESTMENT CORPORATION LIMITED - TRADING STATEMENT AND CAUTIONARY
SEARDEL INVESTMENT CORPORATION LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
ISIN NUMBER: ZAE 000029815: SHARE CODE SER
ISIN NUMBER: ZAE 000030144: SHARE CODE SRN
SEARDEL; SEARDEL-N
Seardel is currently finalising its results in respect of the year ended 30 June
2003. The annual report to shareholders will be released before the end of
September 2003.
In terms of the new JSE Securities Exchange South Africa Listing Requirements
shareholders are advised that, due primarily to the inclusion as required by
AC133 in headline earnings of unrealised losses arising from foreign exchange
contracts due to the appreciation of the Rand, it is anticipated that Seardel"s
headline earnings will be significantly lower than the previous year. In terms
of the Listing Requirements, "significantly" is defined as being a decrease of
less than 10%.
This trading statement has not been reviewed or reported on by Seardel"s
auditors and, as a result, shareholders are advised to exercise caution when
dealing in Seardel ordinary and N ordinary shares until the results are
published.
SPONSOR:
JAVA CAPITAL
1 SEPTEMBER 2003
Date: 01/09/2003 04:05:52 PM
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