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SVB
SVB
SilverBridge Holdings Limited - Commencement of listing on ALTX
SilverBridge Holdings Limited
(formerly Synergy Holdings Limited)
Incorporated in the Republic of South Africa
Registration number: 1995/006315/06
Share code: SVB & ISIN: ZAE000086229
("SilverBridge" or "the company")
COMMENCEMENT OF LISTING ON ALTX
The directors of SilverBridge are pleased to announce that the company listed on
the JSE AltX Exchange yesterday, 27 November 2006 and reached an intra-day high
of R3,50 before closing at R3,40 on the opening day.
SilverBridge is a leading supplier of niche business application software
solutions and related services. The group was formed through the listing of SDT
Financial Software Solutions. SilverBridge is focused on providing leading edge
business application software solutions in a number of focused industry
verticals. The group will expand through the acquisition of niche business
application software providers.
TRADING STATEMENT
Following the preparation of the interim results for the company for the six
month period ended 31 August 2006, shareholders are advised that Silverbridge is
expecting to report an attributable loss of 0.85 cents per share ("cps") (2005:
earnings of 1.29 cps) and a headline loss of 0.85 cps (2005: loss of 0.05 cps)
for the six month period ended 31 August 2006.
Shareholders are advised that the interim results exclude the acquisition of SDT
Financial Software Solutions ("SDT"), which was approved at a general meeting of
the company held on 6 November 2006 and therefore do not form a reasonable basis
for comparison with SilverBridge after the acquisition of SDT.
Attention is drawn to the headline earnings forecasts for SilverBridge of 23.6
cents per share and 27.3 cents per share for the financial years ending February
2007 and 2008 respectively that were contained in the circular to shareholders
dated 13 October 2006 relating to the acquisition of SDT.
This trading statement has not been reviewed and reported on by the company"s
auditors. The company"s interim results announcement is expected to be published
on or about 29 November 2006.
Warning:
The listing of the ordinary shares in the Company is on the AltX. Investors are
advised of the risks of investing in a Company listed on AltX and that the JSE
Limited does not guarantee the viability or success of a Company listed on AltX.
In terms of the JSE Listings Requirements ("LR"), the Company is obliged to
appoint and retain a Designated Advisor ("DA"). The DA is required to, inter
alia, attend all board meetings held by the company, ensure that all the LR 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 DA, it must make arrangements to appoint a new
DA within ten business days, failing which the Company faces suspension of
trading in its securities. If a DA 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.
Pretoria
29 November 2006
Designated Adviser
Sasfin Capital
(a division of Sasfin Bank Limited)
Contact
Karen Breytenbach, Predictive Communications, (011) 608 1700
karen@predictive.co.za, 083 302 9494
Freda du Toit, SilverBridge Holdings, 082 416 0967 freda@sdt.co.za
Date: 29/11/2006 10:39:04 AM Produced by the JSE SENS Department
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