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Trading Statement for the year ended 31 March 2022
RECM and Calibre Limited
Incorporated in the Republic of South Africa)
Registration number 2009/012403/06)
Preference share code: RACP
ISIN: ZAE000145041
(“RAC” or "the Company”)
TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company
is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty
exists that the financial results for the next period to be reported on will differ by at least 20% from the
previous corresponding period.
The board of directors of RAC considers the NAV per share of the Company to be the best indicator of
its financial performance.
Shareholders are reminded that RAC distributed Astoria Investments Ltd shares to RAC shareholders
in April 2021, which resulted in a reduction of R6.79 in NAV per RAC share.
Shareholders are therefore advised that, for the year ended 31 March 2022, RAC expects the NAV per
share to be between 1 390 and 1 490 cents. This represents a decrease of between 30% and 35% from
the NAV per share of 2 133 cents as at 31 March 2021.
The contents of this trading statement and the financial information on which it has been based have
not been reviewed, audited or reported on by the Company’s auditors.
Shareholders are further advised that the audited results for RAC for the year 31 March 2022 are
expected to be released on SENS on or about 29 June 2022.
Cape Town
10 June 2022
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 10-06-2022 02:05:00
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