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AFRIMAT LIMITED - Trading statement for the twelve month period "(year)" ended 29 February 2020 and notice of possible reliance on mar
Trading statement for the twelve month period "(year)" ended 29 February 2020 and notice of possible reliance on mar Afrimat Limited Incorporated in the Republic of South Africa (Registration number: 2006/022534/06) Share code: AFT ISIN: ZAE000086302 ("Afrimat" or "the Company") TRADING STATEMENT FOR THE TWELVE MONTH PERIOD "(YEAR)" ENDED 29 FEBRUARY 2020 AND NOTICE OF POSSIBLE RELIANCE ON MARKET NOTICE In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period. The Company expects earnings per share ("EPS") to be between 318.2 cents and 362.4 cents per share (2019: 221.0 cents per share) reflecting an increase of between 44% and 64% on the previous year. The Company expects headline earnings per share ("HEPS") to be between 323.1 cents and 369.9 cents per share (2019: 234.1 cents per share) reflecting an increase of between 38% and 58% on the previous year. Afrimat experienced a stable performance in the Construction Materials segment, strong growth from the Industrial Minerals businesses and a healthy contribution from the Demaneng iron ore mine. Afrimat will release a further trading statement providing more accurate parameters early in May 2020. The financial information on which this trading statement is based has not been reviewed nor reported on by the Company's auditors. The Company's external audit is currently in progress and the financial results are expected to be released on or about 22 May 2020. No delays are expected however Shareholders are advised that the Company will be placing reliance on the Market Notice issued by the JSE and will be utilising the two- month extension in order to finalise the year-end financial results in the event that the Covid-19 lock down is extended. By order of the board of directors of the Company, Cape Town 9 April 2020 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 09-04-2020 09:00:00 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.