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OPT - Optimum Coal Holdings Limited - Trading statement

Release Date: 23/08/2011 09:44
Code(s): OPT
Wrap Text

OPT - Optimum Coal Holdings Limited - Trading statement Optimum Coal Holdings Limited (Registration number: 2006/007799/06) JSE share code: OPT ISIN: ZAE000144663 ("Optimum Coal" or "Company") TRADING STATEMENT Optimum Coal shareholders are referred to the announcement released on SENS on 15 August 2011 wherein shareholders were advised that Optimum Coal`s earnings per share ("EPS") and headline earnings per share ("HEPS") for the year ended 30 June 2011 (the "Reporting Period") were likely to be more than 20% higher than EPS and HEPS for the year ended 30 June 2010 (the "Comparable Period"). The Company is now in a position to provide guidance in accordance with section 3.4 (b) of the Listings Requirements of the JSE Limited and Optimum Coal hereby advises that the forecast ranges of EPS and HEPS for the Reporting Period are expected to be as follows: Reviewed year end Audited year ended 30 30 June 2011 June 2010
EPS - IFRS (cps) 225.00 - 235.00 131.75 HEPS - IFRS (cps) 200.00 - 206.00 28.92 Normalised EPS 180.00 - 190.00 99.97 (cps)* Normalised HEPS 160.00 - 164.00 21.94 (cps)* 251 786 186 200 000 000 Weighted average number of ordinary shares in issue (# shares) Effect of own (52 000 000) (52 000 000) shares held** (# shares) Weighted average 199 786 186 148 000 000 number of shares for IFRS purposes (# shares) * The Company feels that is useful and appropriate to disclose Normalised EPS and HEPS. Normalised EPS and HEPS are calculated using IFRS earnings, however are calculated based on the total number of issued shares outstanding during the year, ignoring the IFRS accounting effects of the consolidation of the Employee, Community and Executive Share Incentive trusts. The consolidation of these trusts in terms of IFRS results in a deemed reduction in issued share capital of 52 million shares. **52 000 000 shares collectively owned by the Employee, Community and Executive Share Incentive Trusts are deemed to be under the control of the Company and are therefore excluded from the calculation of shares outstanding for IFRS purposes. Headline earnings have been adjusted for the effects of one-off items recognised during the financial year. The financial information on which this trading statement is based has not been reviewed and reported on by the Company`s external auditors. Optimum Coal intends to publish its reviewed interim results on SENS for the Reporting Period on or about 25 August 2011. 23 August 2011 Johannesburg Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Financial Communications Advisers COLLEGE HILL Date: 23/08/2011 09:44:01 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.

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