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VESTIN HOLDINGS LIMITED - UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 DECEMBER 2016
Hamilton, Bermuda – March 31, 2017 – In a filing with the Bermuda Stock Exchange (“BSX”), VestIN Holdings Limited. (the “Company” or “VIN”; Ticker: VIN.BH) today announced unaudited results for the Quarter ended 31 December 2016. The full filing stated:
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 DECEMBER 2016
The Company is incorporated in Bermuda and its main purpose is the holding of investments. The Company maintains a primary listing on the Bermuda Stock Exchange (“BSX”) and a secondary listing on the Alternative Exchange (“AltX”) of JSE Limited (“JSE”). The listing of the Company’s A ordinary shares on the AltX, in so far as it relates to their trading, has been suspended since Monday, 9 November 2015.
Business Review
The Company disposed of all its shares in its subsidiaries with effect from 1 July 2015 and has had limited business activity since the suspension of its AltX listing on 9 November 2015. As a result, the Company recorded a net loss after tax for the quarter ended 31 December 2016 of ZAR 584,621.
Dividends
No dividend has been declared for the period under review.
Basis of Preparation
The unaudited results for the quarter ended 31 December 2016 have been prepared in accordance with International Financial Reporting Standards including International Accounting Standard 34 – Interim Financial Reporting, the Bermuda Companies Act, 1981 (the “Act”), the BSX Listing Regulations and the JSE Listings Requirements.
Accounting policies
The financial results set out below have neither been audited nor reviewed by the Company’s external auditors. The accounting policies adopted are consistent with those published in the audited Consolidated Financial Statements for the year ended 30 June 2015.
The remainder of the filing can be viewed at: www.bsx.com/CompanyDocuments/1099937897/UNAUDITED%20FINANCIAL%20RESULTS%20FOR%20THE%20QUARTER%20ENDED%2031%20DECEMBER%202016-2017-3-31.pdf
VestIN Holdings Limited
(Incorporated in Bermuda)
(Registration number: 47305)
‘A’ Ordinary Share Code: VIN
ISIN: BMG934031060
(“the Company”)