Tiso Blackstar Group SE Trading Statement (6713Q)
14 September 2017 - 1:00AM
UK Regulatory
TIDMTBGR
RNS Number : 6713Q
Tiso Blackstar Group SE
13 September 2017
Tiso Blackstar Group SE
(Incorporated in England and Wales)
(Company number SE 110)
(registered as an external company with limited liability in the
Republic of South Africa under registration number
2011/008274/10)
LSE Ticker: TBGR
JSE Share code: TBG
ISIN: GB00BF37LF46
("Tiso Blackstar" or the "Company")
13 September 2017
TRADING STATEMENT
The Listings Requirements of the JSE Limited ("JSE") require
companies 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 next will differ
by 20% or more from the financial results of the previous
corresponding reporting period.
Accordingly, shareholders are advised that the Company expects
its earnings per share ("EPS") and headline earnings per share
("HEPS") for the year ended 30 June 2017 to fall within the
following ranges:
2017 2016
---------------------------- ----------------------
Cents per Pence per Cents per Pence per
share share share share
------------------ ------------- ------------- ---------- ----------
Earnings/(loss)
per share 1.25 - 4.65 0.10 - 0.26 (339.40) (15.81)
------------------ ------------- ------------- ---------- ----------
Headline
earnings/(loss) (14.33) (0.79) -
per share - (10.93) (0.64) (339.12) (15.79)
------------------ ------------- ------------- ---------- ----------
Effective 1 July 2016, there was a change in the Group's status
from an Investment Entity as defined in IFRS 10 and the
subsidiaries Blackstar Holdings Group Proprietary Limited (formerly
Times Media Group Proprietary Limited), Consolidated Steel
Industries Proprietary Limited, Robor Proprietary Limited, and the
Company's property subsidiaries are no longer carried at fair value
but rather accounted for as deemed acquisitions of subsidiaries on
1 July 2016 and consolidated from this date forward. The net
identifiable assets of these subsidiaries have been recognised on
balance sheet at fair value on 1 July 2016 resulting in goodwill
being recognised. Investments in associates, Radio Africa Limited,
Multimedia Group Limited and Cooper Communications Limited, which
were previously held at fair value have been equity accounted from
1 July 2016.
In accordance with IFRS, the comparative period ended 30 June
2016 has not been restated and is disclosed on a fair value basis
as has been previously reported. For this reason the comparative
EPS and HEPS differ between the 2016 and 2017 financial
periods.
Shareholders are advised that the financial information on which
this trading statement is based has not been reviewed and reported
on by the Company's external auditors.
For further information, please contact:
Tiso Blackstar Group +44 (0) 20
SE Leanna Isaac 7887 6017
Northland Capital Partners +44(0) 20
Limited Tom Price 3861 6625
JSE Sponsor: PSG Capital +27(0) 21
Proprietary Limited David Tosi 887 9602
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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