Onelogix Group Limited - Trading Statement
ONELOGIX GROUP LIMITED
(Registration number 1998/004519/06)
Share code: OLG
ISIN: ZAE000026399
(`OneLogix` or `the Company`)
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.
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, shareholders are
advised that OneLogix expects that headline earnings per share for the year
ended 31 May 2005 will be between 55% and 70% higher than they were for the year
ended 31 May 2004. Earnings per share will be between 110% and 130% greater.
The increased earnings result from factors including a strong operating
performance over the second six months of the financial year and the impact of
the share buy-back as announced on 12 February 2004. In addition, in terms of
GAAP, goodwill is no longer amortised against earnings.
The financial information on which this trading statement has been based has not
yet been reported on by the company`s auditors. OneLogix`s audited results for
the year ended 31 May 2005 are expected to be announced in August 2005.
Johannesburg
19 July 2005
Sponsor
Java Capital (Pty) Ltd
Date: 19/07/2005 05:22:07 PM
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