To view the PDF file, sign up for a MySharenet subscription.
Back to RNG SENS
RANGOLD:  51   0 (0.00%)  01/01/1970 00:00

RANDGOLD & EXPLORATION COMPANY LIMITED - Trading Statement

Release Date: 10/03/2016 14:30
Code(s): RNG     PDF:  
Wrap Text
Trading Statement

Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
(“R&E” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited (“JSE
Listings Requirements”), companies are required to publish a
trading statement as soon as they become reasonably certain
that the financial results for the period to be reported on
next will differ by more than 20% from those of the previous
corresponding period.

Shareholders are hereby advised that a reasonable degree of
certainty exists that the earnings per share for the year
ended 31 December 2015 is expected to be 6.92 cents per share
(2014: 190.61 cents), being a decrease of 96.37%. Headline
earnings per share is expected to be 1.4 cents per share
(2014: 190.61 cents), being a decrease of 99.27%. The reason
for the material decrease in earnings and headline earnings
per share in the current financial period is due to the
settlement agreement concluded with PricewaterhouseCoopers in
the 2014 financial period for the amount of R 150 million
received by the Company. This was a once off event.

The information contained in this trading statement has not
been reviewed or reported on by the Company's external
auditors. R&E expects to release its financial results for the
year ended 31 December 2015 on or about 23 March 2016.

Johannesburg

10 March 2016
Sponsor
PSG Capital

Date: 10/03/2016 02:30:00 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