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Restatement of headline earnings and headline earning per share for 6 month period ended 31 March 2014
Marshall Monteagle PLC
(Incorporated in Jersey and registered as
an external company in South Africa)
Company registration number: 102785
External registration number: 2010/024031/10
JSE share code: MMP
ISIN: JE00B5N88T08
(“Marshall”)
RESTATEMENT OF HEADLINE EARNINGS AND HEADLINE EARNINGS PER SHARE FOR
THE SIX MONTHS TO 31ST MARCH 2014
Marshall shareholders (“Shareholders”) are referred to the announcement published on 4 March
2015 wherein they were notified inter alia, of the restatement of headline earnings and headline
earnings per share for the year ended 30 September 2013 and a change to the previously
published headline earnings and headline earnings per share for the year ended 30 September
2014. These changes arose as the reconciling line item “Reclassification of previously recognised
gains on disposal of available for sale investments” included in the headline earnings calculation
was incorrectly disclosed. The original adjustment was presented as an add-back to basic
earnings but should have been presented as a deduction from basic earnings.
Shareholders are advised that the incorrect disclosure was also presented in the unaudited
results for the six months to 31 March 2014 (“Interim Results”). The amended disclosure of this
line item and the impact thereof in comparison to the Interim Results is set out below. This
information is provided in advance of the results for the six months to 31 March 2015, which are
expected to be published by mid-June 2015.
Previously Unaudited
reported unaudited restated results
results for the six for the six
months to 31 months to 31
March 2014 March 2014
US$000 US$000
Reconciliation between basic and headline earnings
Basic earnings 1 800 1 800
Adjusted for:
Reclassification of previously recognised gains on
disposal of available for sale investments 170 (170)
Loss/(profit) on disposal of non-current tangible
assets 2 2
Headline earnings 1 972 1 632
Weighted average number of shares 35 857 512 35 857 512
Headline earnings per share (US cents) 5.50 4.55
Difference from previously reported (US cents) (0.95)
Percentage difference from previously reported % (17.27)
Johannesburg
08 April 2015
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
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