WEA
WEA
WG Wearne Limited - Trading update
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 the
financial results for the previous corresponding period.
Shareholders are advised that Wearne is currently finalising its reviewed
interim results for the six months ended 31 August 2006 and are advised
that it is expected that EPS and HEPS would be 50% - 60% higher than those
of the reviewed interims for the six months ended 31 August 2005.
The above information has not been reviewed or reported on by the company"s
auditors. The company"s interim financial results for the six months ended
31 August 2006 are expected to be published on SENS towards the end of
October 2006.
16 October 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: 16/10/2006 08:24:03 AM Produced by the JSE SENS Department
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