Delay in release of provisional results for the year ended 31 December 2015
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
DELAY IN RELEASE OF PROVISIONAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015
Attention is drawn to the Trading Statement and Further Trading Statement published on SENS on 1 March 2016 and 4 April 2016 respectively, wherein shareholders were advised that evaluations of the impairment and future depreciation required under IFRS in respect of the Textainer and TAC container fleets had to be conducted and audited. The processes involved have proven to be very onerous and time-consuming as these assessments have to be conducted on each container in the two fleets which, in aggregate, number well in excess of 2 million units.
In terms of the Listings Requirements of the JSE, issuers are required to publish provisional results within three months of their year-end. Due to the lengthy processes referred to above, it was not possible for Trencor to achieve that date, nor will it be in a position to release its provisional results for the year ended 31 December 2015 by 14 April 2016, which may result in the JSE publishing an announcement referring to Trencor not publishing its results for the year ended 31 December 2015 timeously. Any such announcement by the JSE should be seen in the context of the above reasons for the delay.
It is anticipated that reviewed results for the year ended 31 December 2015 will be released on SENS before the end of April 2016.
Trencor Services (Pty) Ltd
14 April 2016
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)