BDM
BDM - Buildmax - Trading Update And Cautionary Announcement
Buildmax Limited
(Registration No. 1995/012209/06)
Share Code: BDM & ISIN Code: ZAE000011250
("Buildmax")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Buildmax shareholders are advised that industrial action at Diesel Power, a
subsidiary of Buildmax's mining services division, by a significant portion
of their workforce severely disrupted the operations culminating in strike
activity during the months of May and June. Although the industrial action
is now over it is anticipated that Diesel Power's operations will only
return to full productivity by the end of July 2009.
Despite the unfortunate industrial action, Diesel Power has completed its
annual wage increase negotiations with the union representing the majority
of its workforce.
These disruptions will negatively impact Buildmax's financial results for
the six months ending 31 August 2009 (the "interim period").
Given that the earnings of Buildmax are dependent upon the trading
conditions and results for the remainder of the interim period, Buildmax is
not yet in a position to give specific guidance in relation to the
anticipated earnings as required by the JSE Listings Requirements for a
trading statement. Accordingly, shareholders are advised to exercise caution
when trading in Buildmax shares until a further announcement is made.
Johannesburg
10 July 2009
Sponsor
Java Capital (Proprietary) Limited
Date: 10/07/2009 14:58:01 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. |