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VLE - Value Group Limited - Trading Update and Declaration of Final Dividend (Number 11) Value Group Limited (Incorporated in the Republic of South Africa) Registration number: 1997/002203/06 Share code: VLE ISIN code: ZAE000016507 ("Value" or "the company`) TRADING UPDATE AND DECLARATION OF FINAL DIVIDEND (NUMBER 11) In terms of the listings requirements of the JSE Limited, a listed company is required to publish a trading update as soon as it becomes reasonably certain that the financial results for the period to be reported on next will show a 20% or more difference from the previous corresponding period. Trading for the second half of the financial year ended 29 February 2012 was partly subdued. Earnings were impacted by reduced volumes in September 2011 and more so in January 2012. Conversely, the BEE equity transaction costs, which were incurred in the company`s previous reporting period ended 28 February 2011, had a negative effect on the prior period`s earnings. Consequently, the comparative headline and basic earnings per share figures are reduced. Accordingly shareholders are advised that headline and basic earnings per share for the period ended 29 February 2012 will be 10% to 30% higher than that achieved in the previous corresponding period. Excluding the once-off BEE equity transaction cost incurred in the previous period, adjusted headline earnings per share for the period ended 29 February 2012 will be up to 20% higher than that achieved in the previous corresponding period. The financial results, on which this trading update has been based, have not been reviewed nor reported on by Value`s auditors. The results for the 12 months ended 29 February 2012 will be published on or about 16 May 2012. The Board has resolved to declare a final dividend of 14 cents per ordinary share payable as follows:
Declaration date Wednesday, 28 March 2012 Last day to trade cum Friday, 22 June 2012 dividend Trading ex-dividend Monday, 25 June 2012 commences Record date Friday, 29 June 2012 Payment date Monday, 2 July 2012
Share certificates may not be dematerialised or rematerialised between 25 June 2012 and 29 June 2012, both days inclusive. Johannesburg 29 March 2012 Sponsor: Investec Bank Limited Date: 29/03/2012 16:39:01 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.
