Simmers - Trading Statement and Appointment of Spo
Simmers - Trading Statement and Appointment of Sponsor
Simmer & Jack Mines Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM & ISIN: ZAE000006722
(`Simmers` or `the Company`)
TRADING STATEMENT AND APPOINTMENT OF SPONSOR
Trading Statement
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa (`JSE`) relating to Trading Statements 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 differ by at least 20% or
more from those of the previous corresponding period.
Simmers is expecting a decrease of 12% in headline loss per share and 36%
increase in loss per share for the year ended 31 March 2005 compared to that of
the comparative period. This is mainly as a result of a loss incurred on the
sale of a subsidiary of the company, Makonjwaan Mining Company Limited, which
operates the loss making Lily Mine, as detailed in the interim results published
on SENS on 24 November 2004.
The information in this trading statement has not been reviewed or reported on
by the company`s auditors. The year end results announcement is expected to be
published on or about 30 June 2005.
Appointment of new sponsor
Simmers is pleased to announce that it has appointed Sasfin Corporate Finance, a
division of Sasfin Bank Limited as the sole sponsor to the company with effect
from 24 June 2004.
Johannesburg
27 June 2005
SPONSOR
SASFIN CORPORATE FINANCE
A DIVISION OF SASFIN BANK LIMITED
Date: 27/06/2005 04:45:04 PM
Produced by the JSE SENS Department
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