28 Jul - 2 min read
Initial Trading Statement
Initial Trading Statement MUSTEK LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/070161/06) Share code: MST ISIN: ZAE000012373 (“Mustek” or “the company” or “the Group”) INITIAL TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the JSE Limited’s Listings Requirements, companies are required t o publish a trading statement as soon as they are reasonably certain that the f inancial results f or the current reporting period will dif f er by at least 20% when compared to the previous corresponding period. In terms of paragraph 3.4(b)(iii)(3) of the JSE Limited’s Listings Requirements, Mustek has a reasonable degree of certainty that f or the year ended 30 June 2021, headline earnings per share and basic earnings per share will be at least 190% higher than that reported in the previous f inancial year, but does not yet have a reasonable degree of certainty of the specif ic percentage or range dif f erence. Accordingly, the Group expects that: • Basic earnings per share will be at least 359,75 cents (190% higher than the 124,05 cents reported in the previous f inancial year); and • Headline earnings per share will be at least 368,68 cents (190% higher than the 127,13 cents reported in the previous f inancial year). A f urther trading statement that will include the expected date of release of its f inancial results will be published once the company obtains reasonable certainty to provide guidance on the percentages and ranges to describe the dif ferences. The above inf ormation has not been reviewed or reported on by the company’s external auditors. Midrand 28 July 2021 Sponsor Deloitte & Touche Sponsor Services Proprietary Limited (Incorporated in the Republic of South Af rica) (Registration number 1996/000034/07) Date: 28-07-2021 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.