Primeserv Group Limited - Trading Statement And Ca
Primeserv Group Limited - Trading Statement And Cautionary Announcement
Primeserv Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/013448/06)
("Primeserv" or "the company")
Share code: PMV ISIN: ZAE000039277
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Shareholders of Primeserv are advised that earnings for the period ended 31
December 2003 will be materially higher ("materially" being an increase between
10% and 30%, as defined in the JSE Securities Exchange South Africa Listings
Requirements) than those of the prior comparative period.
The increase is as a result of the effect of AC133 and due to the improved
performance of the computer and business college operations.
Further details will be provided when Primeserv publishes the interim results
for the period ended 31 December 2003, which is expected to be during March
2004.
As a result of the above and due to the fact that the earnings estimate has not
been reviewed and reported on by Primeserv"s auditors, shareholders are advised
to exercise caution when dealing in the company"s shares until the
aforementioned interim results are published.
Shareholders are also advised that Primeserv has entered into the final stages
of BEE negotiations, of which details will be published shortly.
Sandton
16 February 2004
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Registration number 1996/000034/07)
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