ISA Holdings Limited - Trading statement
ISA Holdings Limited (Formerly Y3k Group Limited)
(`ISA` or `the company`)
(Registration number: 1998/009608/06)
JSE share code: ISA (formerly YHK)
ISIN code: ZAE000067344 (formerly ZAE000017208)
Trading statement
In accordance with the AltX Listings Requirements, shareholders are advised of
the risks of investing in a company listed on AltX and are advised that the JSE
does not guarantee the viability or the success of a company listed on AltX. In
terms of JSE Listings requirements a Designated Adviser has to be retained by
the company. The Designated Adviser 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 Adviser it must make arrangements to
appoint a new Designated Adviser within 10 business days, failing which the
company faces suspension of trading of its securities. If a Designated Adviser
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minorities.
In terms of the AltX Listings Requirements, companies are required to publish a
trading statement as soon as they are reasonably certain that the financial
results for the current reporting period will differ by at least 20% from the
financial results for the previous corresponding period.
ISA`s shareholders are hereby notified that its earnings per share for the six
months ended 31 August 2005 are expected to be between 50% and 70% higher than
the unaudited results for the six months ended 31 August 2004. Headline earnings
per share for the six months ended 31 August 2005 are expected to be between 30%
and 50% higher than the unaudited results for the six months ended 31 August
2004. Headline earnings per share before STC for the six months ended 31 August
2005 are expected to be between 45% and 65% higher than the unaudited results
for the six months ended 31 August 2004.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors and there is therefore no sign
off by the auditors on this trading statement. The results for the six months
ended 31 August 2005 are expected to be published on or about 19 September 2005.
Randburg
22 August 2005
Designated Advisor: River Group
Date: 22/08/2005 04:55:12 PM
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