Delayed reviewed provisional results and annual financial statements for the year ended 31 December 2017
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
(“Trencor” or “the Company”)
DELAYED REVIEWED PROVISIONAL RESULTS AND ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017
In terms of the Listings Requirements of the JSE Limited, Trencor’s reviewed provisional results for the year ended 31 December 2017 should have been published by 31 March 2018 and the annual financial statements for this period are due by 30 April 2018. Regrettably, the Company is not in a position to publish its provisional results and annual financial statements timeously due to the onerous and time-consuming exercise of converting to IFRS the US GAAP compliant results of Textainer Group Holdings Limited (NYSE: TGH), in which Trencor had a 48% beneficiary interest at year-end. The Company intends publishing its provisional results and annual financial statements as soon as practically possible.
Shareholders are advised to view any announcement issued by the JSE Limited in regard to Trencor’s failure to timeously publish its results and/or the marking of Trencor’s listing with a “reporting error” annotation in the above context.
Shareholders are referred to our SENS announcement on 2 January 2018, wherein we advised that, with effect from Trencor’s financial year ending 31 December 2018, the above-mentioned severe pressure on and delays in meeting reporting deadlines should not re-occur as the financial results of Textainer, reporting under US GAAP, will then no longer be required to be converted into IFRS for inclusion in the results of Trencor.
Trencor Services (Pty) Ltd
18 April 2018
Rand Merchant Bank (A division of FirstRand Bank Limited)