Enhanced Investments - Financial Portal

Trading Statement

Published: 2022-02-25 15:30:00 ET

Cognition Holdings Limited (JSE:CGN) News - Trading Statement

COGNITION HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/010640/06)
Share code: CGN ISIN: ZAE000197042
(“Cognition” or “the Company”)


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, shareholders of the Company are advised that a review by management of the Company’s
financial results for the six months ended 31 December 2021 has indicated that:

- Headline loss per share is expected to be between 0.41 cents and 0.99 cents, reflecting a decrease,
  compared to the headline earnings per share of 2.93 cents reported for the six months ended
  31 December 2020.

The decline in headline earnings per share was largely driven by the strategic reinvestment into core
systems and processes by Private Property.

- Loss per share is expected to be between 23.52 cents and 24.10 cents, reflecting a decrease,
  compared to the earnings per share of 2.93 cents reported for the six months ended
  31 December 2020.

The sharp decline in earnings per share was driven by:
- The impairment of goodwill as a result of the strategic reinvestment; and
- The impairment other intangible assets due to the uncertainty of future economic benefits of these
  assets.

The financial information on which this trading statement is based has not been reviewed or reported on
by the Company’s auditors. Cognition’s interim financial results are expected to be released on SENS on
or about 10 March 2022.


Johannesburg
25 February 2022

Sponsor
Merchantec Capital

Date: 25-02-2022 05:30:00
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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.