To view the PDF file, sign up for a MySharenet subscription.

REM - Remgro Limited - Trading Statement

Release Date: 02/03/2012 17:10
Code(s): REM
Wrap Text

REM - Remgro Limited - Trading Statement Remgro Limited (Incorporated in the Republic of South Africa) (Registration number 1968/006415/06) ISIN: ZAE000026480 Share code: REM ("Remgro" or "the Company") TRADING STATEMENT Remgro is currently finalising its unaudited financial results for the six months ended 31 December 2011, which is due to be released on SENS on or about 15 March 2012. Paragraph 3.4 (b) of the JSE Listings Requirements requires companies to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding reporting period. As previously reported, the financial year-end of the Company was changed from 31 March to 30 June with effect from 30 June 2011. As a result of the change in year-end, the results for the six months to December 2011 are not directly comparable to those of the six months ended 30 September 2010 which were published as interim results during the previous financial year. Shareholders are advised that Remgro`s reported headline earnings per share ("HEPS") for the six months ended 31 December 2011 is expected to be between 18% and 22% higher than the HEPS of the comparative six months ended 30 September 2010. It should be noted that a comparison of the results for the six months ended 31 December 2011 with those of the six months ended 31 December 2010 will be presented in the profit announcement to be released on SENS on or about 15 March 2012. The financial information on which this trading statement is based has not been reviewed and reported on by the Company`s external auditors. Stellenbosch 2 March 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/03/2012 17:10:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.