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BRAIT SE - Trading Statement For The Year Ended 31 March 2013 And Change In The Board Of Directors

Release Date: 24/04/2013 07:05
Code(s): BAT BATP     PDF:  
Wrap Text
Trading Statement For The Year Ended 31 March 2013 And Change In The Board Of Directors

BRAIT SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT & ISIN: LU0011857645
Share Code: BATP & ISIN: MT0000680208
(“Brait”, “the Company” or “the Group”)

TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2013 AND CHANGE
IN THE BOARD OF DIRECTORS

Shareholders of the Company are advised that:

 -   Brait`s Net Asset Value ("NAV") per share as at 31 March
     2013 is anticipated to increase by 28% to 30% to between
     ZAR26.40 and ZAR26.70 (2012: ZAR20.59); and

 -   Headline earnings per share (“HEPS”) normalised for total
     shares outstanding as at 31 March 2013, instead of the
     weighted average number of shares for the financial year,
     is expected to increase by 29% to 36% to between ZAR5.59
     and ZAR5.90 per share (2012: ZAR4.33).

The financial information on which this trading statement is
based has not been reviewed and reported on by the Company`s
external auditors. The financial results of the Company for
the year ended 31 March 2013 are currently being prepared and
are expected to be released on the Luxembourg Stock Exchange
and SENS on or about 5 June 2013.

Shareholders are further advised that Rita Schembri has
resigned from the Brait Board of Directors with effect from 19
April 2013 for personal reasons. The Brait Chairman Jabu
Moleketi, on behalf of the Board, would like to thank her for
her contribution to Brait and wish her well.

For and on behalf of the Company’s Board of Directors

Phillip Jabulani Moleketi
Non-Executive Chairman
24 April 2013

The Company is primarily listed on the Euro MTF market of the
Luxembourg Stock Exchange and secondarily listed on the
Johannesburg Stock Exchange.

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 24/04/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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