Beget - Trading Statement For The 6 Months Ended 3
Beget - Trading Statement For The 6 Months Ended 30 June 2005, Appointment Of
Director And Cautionary Announcement
BEGET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2002/011635/06
Share code: BEE ISIN number: ZAE000044111
(`Beget` or `the company`)
TRADING STATEMENT FOR THE 6 MONTHS ENDED 30 JUNE 2005, APPOINTMENT OF DIRECTOR
AND CAUTIONARY ANNOUNCEMENT
In terms of the Listings Requirements of the JSE Limited (`JSE Listings
Requirements`), companies are required to publish a trading statement as soon as
they become aware that the financial results for the period to be reported upon
next will differ by at least 20% from the financial results for the previous
corresponding period.
Beget accordingly advises that management`s review of its financial results
expected for the 6 months ended 30 June 2005 has indicated that Beget will make
a profit for the period, in which no Research and Development expenditure has
been capitalised. In the 6 months ended 30 June 2004, Beget made a net loss of
R580 000, after capitalising Research and Development expenditure of R250 000.
As a result, for the 6 months ended 30 June 2005, Beget`s headline earnings and
earnings per share will be between 0.01 and 0.03 cents.
The financial results on which this trading statement is based have not been
reviewed or reported on by the company`s auditors. The financial results of the
company will be published on about 15 September 2005.
APPOINTMENT OF DIRECTOR
In accordance with Section 3.59 of the JSE Listings Requirements, shareholders
are advised that Mr Sean Hirschowitz will be appointed as group operations
director as from 1 August 2005.
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Beget has entered into negotiations, which if
successfully concluded may have a material effect on the price of the company`s
securities. Accordingly, shareholders are advised to exercise caution when
dealing in the company`s securities until a further announcement is made.
Rosebank
14 July 2005
Sponsor
Java Capital (Pty) Ltd
Investment advisor
Beacham Capital Limited
Date: 14/07/2005 12:47:04 PM
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