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PEREGRINE HOLDINGS LIMITED - Further trading update

Release Date: 06/06/2014 10:00
Code(s): PGR     PDF:  
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Further trading update

PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
JSE share code: PGR ISIN: ZAE000078127
(“Peregrine” or “the company”)


FURTHER TRADING UPDATE


Shareholders are referred to the trading update published on SENS on 8 April 2014 in which shareholders
were advised that more specific information relating to the increase in the headline earnings per share and
basic earnings per share for the year ended 31 March 2014 would be provided to shareholders as soon as
there is a reasonable degree of certainty, as required by the JSE Listings Requirements.

Accordingly, shareholders are advised that –

-      headline earnings per share are expected to be between 205 cents and 215 cents; and
-      basic earnings per share are expected to be between 210 cents and 220 cents.

The IFRS headline and basic earnings per share advised above do not however accurately reflect the true
results due to the application of IFRS2 which requires that a share based payment (arising in respect of
10 million Peregrine shares which were purchased by the Citadel Share Trust to incentivise Citadel
employees over a five year period) be recognised over a vesting period of five years, rather than recognising
such cost in the year under review.

Accordingly, the board of directors feels that it is more appropriate and useful, in addition to providing the
IFRS disclosed earnings, to also disclose normalised earnings as follows:

-      normalised headline earnings per share are expected to be between 190 cents and 200 cents; and
-      normalised basic earnings per share are expected to be between 195 cents and 205 cents.

For the year ended 31 March 2013 –

-      the published headline earnings per share were 138,9 cents; and
-      the published basic loss per share was 226,4 cents.

The information on which this trading update has been based has not been reviewed or reported on by the
company’s auditors.

The audited results for the year ended 31 March 2014 are expected to be released on SENS on 11 June 2014.

6 June 2014


Sponsor

Java Capital

Date: 06/06/2014 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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