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ISA
ISA
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. Shareholders are
referred to the SENS announcement on 9 January 2006, which announcement is
updated below.
ISA"s shareholders are hereby notified that its earnings per share for the year
ended 28 February 2006, after being prepared according to International
Financial Reporting Standards (IFRS), is expected to be between 125% and 135%
higher than the audited results for the year ended 28 February 2005, which were
prepared according to South African Statement of Generally Accepted Accounting
Practice (GAAP). Headline earnings per share for the year ended 28 February
2006, on the same comparative basis, is expected to be between 65% and 75%
higher than the audited results for the year ended 28 February 2005.
When comparing the results for the year ending 28 February 2006 after the
restatement of the prior year results to comply with IFRS, earnings per share is
expected to be between 40% and 50% higher than the audited results for the year
ended 28 February 2005. Headline earnings per share for the year ended 28
February 2006, on the same comparative basis, is expected to be between 45% and
55% higher than the audited results for the year ended 28 February 2005.
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 year ended 28 February 2006 are expected to be published on
or about 29 May 2006.
Randburg
9 May 2006
Designated Advisor: Exchange Sponsors
Date: 09/05/2006 10:36:21 AM Produced by the JSE SENS Department
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