WEA
WEA
WG Wearne Limited Trading updated
W G Wearne Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(JSE code: WEA ISIN: ZAE000078002)
( Wearne or the company )
Trading update
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the period to be
reported on will differ by at least 20% or more from a profit forecast
previously provided to the market.
Shareholders are referred to the forecast financial information for the year
ended 28 February 2006, published in the prospectus to shareholders dated 10
February 2006, wherein it was advised that earnings per share ("EPS") would be
12.25 cents (2005: 8.56 cents) and headline earnings per share ("HEPS") would be
11.90 cents (2005: 7.14cents).
Shareholders are advised that Wearne is currently finalising its results for the
year ended 28 February 2006 and are advised that it is expected that EPS and
HEPS would be 15% - 25% higher than those of the forecast financial information
respectively.
The above information has not been reviewed or reported on by the company s
auditors. The company s results for the year ended 28 February 2006 are
expected to be published on SENS in the middle of May 2006.
25 April 2006
Designated Adviser
Exchange Sponsors
Warning: The listing of ordinary shares in the company is on ALTx. Investors
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a
company listed on ALTx. In terms of the Listings Requirements, the company is
obliged to appoint and retain a Designated Adviser, which is required to, inter
alia, attend all board meetings held by the company to ensure that all the
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 the
prospect of an appropriate offer to minority shareholders.
Date: 25/04/2006 08:36:40 AM Produced by the JSE SENS Department
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