To view the PDF file, sign up for a MySharenet subscription.

LODESTONE REIT LIMITED - Trading statement

Release Date: 30/04/2015 16:03
Code(s): LDO     PDF:  
Wrap Text
Trading statement

Lodestone REIT Limited
(previously Lodestone Properties Limited)
(Incorporated in the Republic of South Africa)
Registration number: 2010/017830/06
JSE share code: LDO ISIN: ZAE000197935
(Approved as a REIT by the JSE)
(“Lodestone”)


TRADING STATEMENT


In terms of the JSE Listings Requirements, companies are required 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 on next 
will differ by at least 20% from the forecast previously provided to the market.

Accordingly, shareholders are advised that Lodestone’s earnings per share and headline earnings per share for the
9 months ended 31 March 2015 will be between 160% and 170% and between 45% and 55% higher respectively, than
the forecast published in Lodestone’s prospectus issued on 11 February 2015. This is predominantly as a result of the
higher than anticipated fair value gains on investment property and investments and the release of a portion of the
deferred tax liability.

Given that Lodestone is a REIT, the directors are of the view that distribution per share is the more relevant
measurement for financial results. Accordingly in terms of paragraph 3.4(b)(vi) of the JSE Listings Requirements,
Lodestone will be adopting distribution per share as its financial results measurement for trading statement purposes,
for the reporting period ending 30 September 2015 and thereafter.

The financial results on which this trading statement is based have not been reviewed or reported on by Lodestone’s
auditors. The financial results of Lodestone for the 9 months ended 31 March 2015 will be published on or about
6 May 2015.

30 April 2015


Sponsor
Java Capital

Date: 30/04/2015 04:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story