The Listing Requirements of the Botswana Stock Exchange (“BSE”) require Shumba Energy Ltd (“Shumba” or the “Group”) to announce, through the BSE and the press, any circumstances or events that have, or are likely to have, a material bearing related to the financial results of the Group for the next reporting period.
Accordingly, the shareholders of Shumba are advised that the Group expects to release unaudited results for the 9 months ended 31 March 2018 which will be significantly lower than what was reported for the corresponding period ended 31 March 2017. This is a result of decline in the finance income as compared to prior period.
The information in this trading statement has not been reviewed by Shumba’s independent auditors.
By order of the Board
17 May 2018
This Communiqué is issued, in compliance with the Botswana Stock Exchange listing rules and pursuant to Section 87 of the Securities Act 2005, Rule 5 of the Securities (Disclosure Obligation of Reporting Issuers) Rules 2007.
The Board of Directors of the Company accepts full responsibility for the accuracy of the information contained in this Communiqué.