Lewis - Trading update
Lewis Group Limited
(Registration Number 2004/009817/06)
SHARE CODE: LEW
ISIN CODE: ZAE000058236
("Lewis or the "Company")
LEWIS TRADING UPDATE
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that
the financial results for the period to be reported on next will be more than
20% different from that of the previous corresponding period.
Shareholders" attention is drawn to the recent SENS announcement dated 14
September 2005 in which it was reported that a charge of R58.4 million for share
based payments under IFRS 2 arose from shares made available for no
consideration by the former holding company GUS Holdings BV. The charge results
in no economic cost or dilutionary effect to existing shareholders, has no
impact on operating performance, net asset value, cash position or gearing of
Lewis.
Lewis advises that its headline earnings and earnings per share for the 6 month
period ended 30 September 2005, prepared on an IFRS basis, including the charge
of R58.4 million for share based payments referred to above, is expected to be
between 8% and 11% lower than those reported for the previous corresponding
period.
Normalised headline earnings and earnings per share for the 6 month period ended
30 September 2005, excluding the charge of R58.4 million for share based
payments referred to above, is expected to be between 20% and 26% higher than
those reported for the previous corresponding period.
The above information has neither been reviewed nor reported on by the company"s
external auditors.
The group"s results for the 6 month period ended 30 September 2005 will be
released on SENS on or about Monday, 14 November 2005.
Cape Town
2 November 2005
Sponsor: UBS South Africa (Pty) Limited
Date: 02/11/2005 05:15:04 PM Produced by the JSE SENS Department
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