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RARE HOLDINGS LIMITED - Trading Statement

Release Date: 26/02/2014 13:17
Code(s): RAR     PDF:  
Wrap Text
Trading Statement

RARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2002/025247/06
Share Code: RAR ISIN: ZAE000180626
("Rare" or "the Company")

TRADING STATEMENT

In   accordance   with  paragraph   3.4(b)   of   the   Listing
Requirements of the JSE Limited, companies are required to
inform shareholders as soon as there is a reasonable degree of
certainty that the earnings of the company are likely to vary
by more than 20% compared to the previous reporting period.

Shareholders are hereby advised that the basic loss and
headline loss for the current 6 month reporting period ended
31 December 2013 is expected to be between R3m and R5m,
compared to the basic loss of R17.1m and the headline loss of
R17.3m for the previous comparable period ended 31 December
2012.

The aforementioned expected losses equates to a basic loss per
share and headline loss per share of between 16.8 and 28.0
cents per share for the 6 month period ended 31 December 2013,
compared to the basic loss per share of 127.0 cents and
headline loss per share of 128.0 cents, reported for the
previous comparable period, ended 31 December 2012 (“the
Comparable Results”).

Attention is drawn to the fact that, in the current reporting
period, the weighted average number of shares in issue was
17,887,500 compared to a restated 13,535,900 for the previous
comparable period, ended 31 December 2012, following the
implementation of the share consolidation as initially
announced on SENS on 25 July 2013 and effected on 25 November
2013. The Comparable Results disclosed has taken into account
the restated number of shares.

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

By order of the Board
Kliprivier
26 February 2014

Designated advisor: PSG Capital (Pty) Limited

Date: 26/02/2014 01:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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