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REMGRO LIMITED - Trading Statement

Release Date: 28/11/2012 15:23
Code(s): REM     PDF:  
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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

Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited (“JSE Listings Requirements”)
requires companies to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the period to be reported upon next will differ
by at least 20% from that of the previous corresponding period.

Remgro’s interim results for the six months ending 31 December 2012 are due to be released on
SENS on or about 19 March 2013. In compliance with the JSE Listings Requirements,
shareholders are advised that Remgro’s reported headline earnings per share (“HEPS”) is expected
to be more than 20% lower than the HEPS of the comparative six months ended 31 December 2011.

This decrease in HEPS is mainly due to once-off charges incurred by Mediclinic International
Limited (“Mediclinic”) with the refinancing of its Swiss and South African debt during
October 2012. These once-off items include the following:
   - the derecognition of the mark-to-market liability relating to the Swiss interest rate swap of
       CHF418 million;
   - accelerated amortisation charges of Swiss capitalised financing expenses of CHF18 million;
   - breakage charges of R55 million relating to existing South African debts; and
   - a realised gain of R574 million on foreign exchange forward contracts.

Due to the fact that Mediclinic has a March year-end, Remgro would normally only have accounted
for Mediclinic’s results for the six months ended 30 September 2012 when preparing its interim
results for the six months ending 31 December 2012. However, due to the materiality of the
amounts involved, the results of Mediclinic for the six months ended 30 September 2012 will be
adjusted with the items referred to above before being accounted for in Remgro’s interim results for
the six months ending 31 December 2012.

Shareholders are advised that a further trading statement will be issued in due course to provide a
range for the expected deviation in HEPS as soon as reasonable certainty on the results for the six
months ending 31 December 2012 is obtained.

The financial information on which this trading statement is based has not been reviewed and
reported on by the Company’s auditors.


Stellenbosch
28 November 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28/11/2012 03:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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