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Trading Update
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: CGR ISIN: ZAE000109203
(“Calgro M3” or “the company”)
TRADING UPDATE
In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware, with a reasonable degree of
certainty, that the financial results for the next period to be reported on are likely to vary by more
than 20% from the previous corresponding period.
Calgro M3 wishes to advise shareholders that the company’s Headline earnings per share (“HEPS”)
for the 12 months ending 29 February 2016, is expected to be between 128.00 cents per share and
149.94 cents per share compared to 109.69 cents per share reported in the previous corresponding
period. This equates to an increase of between 16.69% and 36.69%.
Earnings per share (“EPS”) for the 12 months ending 29 February 2016, is expected to be between
cents 141.31 cents per share and 164.24 cents compared to 114.65 cents per share as reported in the
previous corresponding period. This equates to an increase of between 23.25% and 43.25%.
The differences in HEPS and EPS is due to a fair value adjustment that originated from the buyout of
the minority shareholders (30%) in the Fleurhof project, as was announced on SENS on 26 February
2016. Shareholders are reminded that in 2015, the remaining 26% of the Summerset project was
bought back by Calgro M3.
The company did not undertake any further corporate action during the current 12 months when
compared to the prior year.
The financial information on which this trading statement is based has not been reviewed or
reported on by the company’s auditors.
The final results for the year ended 29 February 2016 are expected to be released during the week of
9 May 2016.
Johannesburg
19 April 2016
Sponsor
Grindrod Bank Limited
Date: 19/04/2016 08:50:00 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
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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.
