PALS HOLDINGS LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
PALS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002753/06)
Share Code: PAL
ISIN: ZAE000055237
("Pals" or "the company")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
In terms of the new Listings Requirements of the JSE Securities Exchange South
Africa ("JSE"), listed companies are required to publish a trading statement as
soon as they become aware that the financial results for the period to be
reported on next will be materially different to that of the previous
corresponding period. Shareholders are referred to the trading update published
on SENS on 20 June 2003 and are advised that, although the adverse effect of the
strong Rand and low international inflation on the company"s business, referred
to therein, is still expected to impact negatively on trading activities and its
results going forward, the financial results for the year ended 30 June 2003
will however be substantially higher than that of the previous financial year.
This is as a result of accelerated Duty Credit Certificates received and
utilised by the company before the year-end. The word "substantially" is defined
by the JSE Listings Requirements as meaning a difference equal to or greater
than 30%.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company"s auditors and shareholders are therefore
advised to exercise caution in trading in the company"s shares until release of
the year end results of Pals, which is expected at the end of September 2003.
9 September 2003
Cape Town
Sponsor:
SASFIN CORPORATE FINANCE
A division of Sasfin Bank Limited
Date: 09/09/2003 03:02:03 PM Produced by the JSE SENS Department
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