AST Group Limited - Trading Statement and Cautionary Announcements
AST Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: AAA
ISIN: ZAE000049441
(`AST`)
Trading Statement and Cautionary Announcements
In terms of the Listings Requirements of the JSE Securities Exchange, South
Africa (`the Listing Requirements`), a listed company is required to publish a
trading statement as soon as it becomes aware that the financial results for the
next period to be reported on will be materially different from those of the
previous corresponding period.
Shareholders are advised that AST`s headline loss per share for the year ended
30 June 2004, is expected to show a substantial improvement in relation to that
of the comparative period in 2003 assuming a like for like comparison taking
into account the 10:1 share consolidation in November 2003 (`substantial` is
defined in the Listings Requirements as being equal to or greater than 30%).
Shareholders are further advised that AST is currently involved in various
discussions, which may have a material effect on the price of the company`s
shares. Shareholders will be advised of full details in due course.
As a result of these discussions and the fact that the financial results have
not been reviewed and reported on by AST`s auditors, shareholders are advised to
exercise caution when dealing in AST`s shares until publication of the financial
results for the year ended 30 June 2004 which are expected to be released on or
about 17th September 2004 and until further announcements are made relating to
the abovementioned discussions.
Midrand
23 August 2004
Sponsor
Cazenove
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