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GRAND PARADE INVESTMENTS LIMITED - Trading Statement

Release Date: 10/03/2016 16:05
Code(s): GPL     PDF:  
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Trading Statement

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a
listed company is required to publish a trading statement as
soon as it becomes aware that the financial results for the
financial period to be reported on next will vary by 20% or
more from those of the previous comparable period.

GPI hereby advises that a reasonable degree of certainty exists
that basic earnings per share will decrease by between 92% and
100% and that headline earnings per share will decrease by
between 31% and 39% for the period ended 31 December 2015
compared to the basic earnings per share and headline earnings
per share for the previous period ended 31 December 2014.

Consequently, the basic earnings per share for the period ended
31 December 2015 will be between 0.48 cents and 10.86 cents per
share, compared to the basic earnings per share of 129.69 cents
for the previous comparable period. Headline earnings per share
for the period ended 31 December 2015 will be between 1.92
cents and 2.18 cents per share, compared to the headline
earnings per share of 3.17 cents for the previous comparable
period.

Basic earnings per share have decreased due to the disposal of
25.1% of GPI Slots (Pty) Ltd (“GPI Slots”) in the prior period
which resulted in a R648.0 million gain recognised in the prior
period’s basic earnings.

Headline earnings per share have also decreased as a result of
the disposal of 25.1% of GPI Slots in the prior period. The
effect of the disposal has resulted in the portion of GPI
Slots’ earnings recognised in GPI’s headline earnings to
decrease from 100.0% in the prior period to 30.0% in the
current period.

The financial information on which this trading statement is
based has not been reviewed and reported on by GPI’s external
auditors. The financial results for the period ended 31
December 2015 will be published on or about 16 March 2016.

Cape Town
10 March 2016

Sponsor:
PSG Capital 

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