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GIJIMA GROUP LIMITED - Trading statement

Release Date: 23/09/2013 11:25
Code(s): GIJ     PDF:  
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Trading statement

Gijima Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: GIJ
ISIN: ZAE000147443
("the Company")

TRADING STATEMENT

Gijima is currently finalising its results for the twelve
months ended 30 June 2013, which are planned for release on 30
September 2013.

Shareholders are advised that Gijima’s reported loss per share
(“EPS”) for the twelve months ended 30 June 2013(continuing
and discontinued operations) is expected to increase to
between 20.52 cents and 19.46 cents from the reported EPS loss
per share of 5.28 cents for the twelve months ended 30 June
2012. Discontinued operations, as a consequence of the once-
off impact of the disposal of MineRP, contributed a profit of
8.09 cents to the EPS loss.

Gijima concluded the disposal of its mining technology and
consulting businesses (MineRP) in November 2012 and these are
classified as discontinued operations.

The headline loss per share (“HEPS”) for the twelve months
ended 30 June 2013 (continuing and discontinued operations)
are expected to increase to between 26.34 cents and 25.29
cents from the HEPS loss per share of 5.27 cents for the
twelve months ended 30 June 2012. Discontinued operations
contributed a loss of 0.93 cents to the expected HEPS loss.

The Company disclosed an improved EPS and HEPS from continuing
operations during the second half of the financial year ended
30 June 2013, excluding once off items.

Once-off items contributed 15.93 cents and 13.00 cents
respectively to the EPS and HEPS loss from continuing
operations for the twelve months ended 30 June 2013.

Gijima raised R150 million in new equity capital on 21 June
2013 by way of a renounceable rights offer of 3,000,000,000
new Gijima ordinary shares. The reported basic EPS and HEPS
are based on a weighted average of 1,019,099,556 shares in
issue. Shares in issue after the rights issue were
3,961,365,309. Current shares in issue subsequent to the
consolidation of the Company’s shares on a 1 for 20 basis on
15 July 2013 are 198,078,265.
The financial information on which this trading statement is
based has not been audited and reported on by the Company’s
auditors.

Samrand
23 September 2013

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

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