By In terms of the Listings Requirements of the JSE Limited ("JSE"), companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by 20% or more from the financial results of the previous corresponding period.
Estimated finance costs are lower as a result of net debt having been substantially reduced as part of the capital restructuring prior to listing on the JSE in July 2011. This, together with improved trading performance for the year ended 31 December 2012, will result in basic earnings per share ("EPS") and headline earnings per share ("HEPS") exceeding the previous corresponding period by more than 20%.
An EPS and HEPS range cannot be accurately estimated at this stage and shareholders are advised that a further trading statement will be issued in due course to provide earnings forecast ranges for EPS and HEPS as required by the JSE Listings Requirements.
Shareholders are advised that the financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors.
Melrose Arch
24 January 2013
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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