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

ANGLO AMERICAN PLATINUM LIMITED - Trading statement for the twelve months ending 31 December 2016

Release Date: 10/11/2016 08:00
Code(s): AMS     PDF:  
Wrap Text
Trading statement for the twelve months ending 31 December 2016

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
("Anglo American Platinum" or “the Company")

Trading statement for the twelve months ending 31 December 2016

In terms of the Listings Requirements of the JSE Limited, 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 at least 20% from those of the previous corresponding reporting period.

Anglo American Platinum advises shareholders that, mainly due to the benefit of foreign exchange
movements as well as cost saving initiatives across the Company, headline earnings and headline
earnings per share (“HEPS”) for the twelve months ending 31 December 2016 will be at least 20%
(R21 million or 8 cents per share) higher than reported headline earnings and HEPS for the twelve
months ended 31 December 2015 (“the comparative period”). Headline earnings and HEPS for the
comparative period were R107 million and 41 cents respectively.

Basic earnings and basic earnings per share (“EPS”) will also be at least 20% (R2.425 billion or
928 cents per share) higher than reported basic earnings and EPS for the comparative period. Basic
earnings and EPS for the comparative period were a loss of R12.125 billion and a loss of 4,638 cents
respectively due to the asset impairments and write-offs in the comparative period.

There is currently insufficient certainty to enable the Company to provide specific guidance on its
expected results and it is anticipated that Anglo American Platinum will publish a further trading
statement closer to the release of its annual financial results which will be released on 15 February
2017 on the Stock Exchange News Service.

The forecast financial information on which this trading statement is based has not been reviewed, or
reported on, by the Company’s external auditors.

Johannesburg, South Africa
10 November 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
  
For further information, please contact:
Investors:                                       Media:
Emma Chapman                                     Mpumi Sithole
(SA) +27 (0) 11 373 6239                         (SA) +27 (0) 11 373 6246
emma.chapman@angloamerican.com                   mpumi.sithole@angloamerican.com


Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s
leading primary producer of platinum group metals. The company is listed on the Johannesburg
Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa.
Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum
has a number of joint ventures with several historically disadvantaged South African consortia as part
of its commitment to the transformation of the mining industry. Anglo American Platinum is committed
to the highest standards of safety and continues to make a meaningful and sustainable difference in
the development of the communities around its operations.

www.angloamericanplatinum.com

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive
mining operations and undeveloped resources provides the raw materials to meet the growing
consumer-driven demands of the world’s developed and maturing economies. Our people are at the
heart of our business. It is our people who use the latest technologies to find new resources, plan and
build our mines and who mine, process and move and market our products – from diamonds (through
De Beers) to platinum and other precious metals and copper – to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with
our key partners and stakeholders to unlock the long-term value that those resources represent for
our shareholders, but also for the communities and countries in which we operate – creating
sustainable value and making a real difference.

www.angloamerican.com

Date: 10/11/2016 08:00:00 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