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CGR - Calgro M3 - Trading statement and resignation of Non-executive director

Release Date: 04/05/2012 13:00
Code(s): CGR
Wrap Text

CGR - Calgro M3 - Trading statement and resignation of Non-executive director 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" or "the group") TRADING STATEMENT AND RESIGNATION OF NON-EXECUTIVE DIRECTOR 1. TRADING STATEMENT In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited ("JSE"), 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. Further to the trading update issued on the Securities Exchange News Service of the JSE on 27 February 2012, Calgro M3 wishes to advise shareholders that the company`s headline earnings per share ("HEPS") for the year ended 29 February 2012 ("2012 financial year") is expected to be between 49.44 and 52.14 cents per share compared to HEPS of 13.48 cents per share reported in the previous corresponding year. Earnings per share ("EPS") for the 2012 financial year is expected to be between 49.46 and 52.12 cents per share compared to 13.34 cents per share as reported in the previous corresponding period. Taking into account a pipeline in excess of R8 billion over the next 6 years, the group is well positioned for growth. Calgro M3 did not undertake any corporate action during the 2012 financial year. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. 2. RESIGNATION OF NON-EXECUTIVE DIRECTOR In compliance with section 3.59(b) of the Listings Requirements of the JSE, the Board of Directors ("the Board") of Calgro M3 wishes to advise that Mr. Rob Wesselo has resigned as Non-executive director of the Board, with immediate effect. The Board wishes to thank Mr. Wesselo for his input and contribution to the Board. Johannesburg 4 May 2012 Sponsor Grindrod Bank Limited Date: 04/05/2012 13:00:04 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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