Trading Statement
RARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2002/025247/06
Share Code: RAR ISIN: ZAE000092714
("Rare" or "the Company")
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listing Requirements
of the JSE Limited, companies are required to inform shareholders
as soon as there is a reasonable degree of certainty that the
earnings of the company are likely to vary by more than 20%
compared to the previous reporting period.
Shareholders are hereby advised that for the current reporting
period, the basic loss is expected to be between R15.5m and
R18.9m and that the headline loss is expected to be between R15.7m
and R19.0m, compared to the basic loss of R71.3m and the headline
loss of R68.9m for the 6 month period ended 31 December 2011.
The aforementioned loss results in a basic loss per share which
is expected to be between 1.14 and 1.40 cents per share and a
headline loss per share which is expected to be between 1.15 cents
and 1.41 cents per share, for the 6 month period ended 31 December
2012, compared to the basic loss per share of 28.34 cents and headline
loss per share of 28.11 cents, reported for the previous comparable
period, ended 31 December 2011.
Attention is drawn to the fact that, in the current reporting period,
the weighted average number of shares in issue was 1,353,590,000
compared to 292,449,000 for the previous comparable period, ended
31 December 2011, following the implementation of the claw-back
offer as announced on SENS on 4 October 2012.
The total number of shares in issue at the end of the current
reporting period is 1,788,750,000 compared to 538,750,000 for
the previous comparable period, ended 31 December 2011.
The financial information in this trading statement has not been
reviewed and reported on by the Company’s external auditors.
By order of the Board
Kliprivier
12 March 2013
Sponsor: PSG Capital (Pty) Limited
Date: 12/03/2013 04:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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