Adoption of net asset value per share measure for trading statements and short-form announcements


17 MAR 2017

(Incorporated in the Republic of Mauritius)
(Registration number: C138883 C1/GBL)
ISIN: MU0522S00005
Share Code: EPE
(“Ethos Capital” or “the Company”)

In compliance with the JSE Limited Listings Requirements, shareholders are advised that, owing to the nature of the business conducted by Ethos Capital, the Board of the Company has decided to adopt net asset value per share (“NAVPS”) as the relevant measure for trading statement and short-form announcement purposes.

As an investment entity, Ethos Capital’s business and its strategy is to enhance the net asset value per ordinary share and to offer shareholders superior long-term capital appreciation by investing in unlisted private equity type investments. Therefore, the sustainability of the NAVPS and growth thereon over a longer period of time is considered a more appropriate measurement of financial performance, in comparison to headline earnings per share and earnings per share.





RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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