YOMHLABA RESOURCES LIMITED - TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
YOMHLABA RESOURCES LIMITED
(formerly Zenith Concessions Limited)
(Registration Number 1994/009012/06)
Share Code: YBA ISIN: ZAE 000060281
(`Yomhlaba` or `The Company`)
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Yomhlaba is expecting a decrease in excess of 20%, in headline earnings and
earnings per share as forecast in the revised listing particulars as published
in the pre-listing statement issued on 25 October 2004 in terms of the listing
requirements of the JSE Securities Exchange South Africa for financial year
ending 30 June 2005. The decrease in earnings is due to adverse trading
conditions experienced since early December 2004. Management is currently
investigating and taking remedial action to more specifically quantify the
decrease. Shareholders will be notified as soon as the results of this
investigation are finalised. The information in this trading statement has not
been reviewed or reported on by the auditors.
Shareholders are also cautioned that the company is currently involved in
negotiations, the outcome of which may have a material effect on the company`s
share price. Shareholders are therefore advised to exercise caution when dealing
in the company`s shares.
Johannesburg
17 February 2005
Sponsor
RiverGroup
Warning: The listing of the ordinary shares in the company is on the ALTX.
Shareholders are advised of the risks of investing in a company listed on the
ALTX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the ALTX. In terms of the JSE Listings
Requirements a designated advisor has to be retained by the company. The
designated advisor is required to, inter alia, attend all board meetings held by
the company to ensure that all JSE Listings Requirements and applicable
regulations are complied with, approve the financial director of the company and
guide the company in a competent, professional and impartial manner. If the
company fails to retain a designated advisor it must make arrangements to
appoint a new designated advisor within 10 business days, failing which the
company faces suspension of trading of its securities. If a designated advisor
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minority shareholders.
Date: 17/02/2005 04:52:46 PM
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