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CGR - Calgro M3 - Trading Update

Release Date: 27/02/2012 15:40
Code(s): CGR
Wrap Text

CGR - Calgro M3 - Trading Update CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2004/030045/06) Share code: CGR ISIN: ZAE000109203 ("Calgro M3" or "the company") TRADING UPDATE In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware, with a reasonable degree of certainty, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period. The company expects an increase of more than 225% in the earnings per share ("EPS") for the 12 months ending 29 February 2012 ("the 2012 financial year") amounting to more than 43.36 cents, compared to the 13.34 cents per share reported on in respect of the 12 months ended 28 February 2011 ("the 2011 financial year"). Calgro M3 also expects an improvement of more than 225% in headline earnings per share ("HEPS") for the 2012 financial year amounting to more than 43.81 cents, compared to the 13.48 cents per share reported on in respect of the 2011 financial year. Due to uncertainties with regards to the number of property registrations that will be registered in the deed office by 29 February 2012, Calgro M3 is unable to quantify the range of the increase in the HEPS and EPS with any degree of certainty. The group is also proud to announce that its pipeline has grown to in excess of R8 billion over the next 6 to 7 years. Once the Company has obtained a reasonable degree of certainty on the actual range of the increase in both EPS and HEPS, a further trading statement will be released. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. Johannesburg 27 February 2012 Sponsor Grindrod Bank Limited Date: 27/02/2012 15:40:01 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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