CASHBUILD LIMITED - Trading update

Trading update

CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028320
("Cashbuild" or "the Company" or “the Group”)

TRADING UPDATE

As required by the JSE Limited Listing Requirements, a company
is required to announce once it is reasonably certain that its
results will differ by more than 20% from the corresponding
reporting period.

Cashbuild expects to announce that basic, headline, diluted
basic and diluted headline earnings per share (“EPS”), for the
six months ended 31 December 2016, to be between 38% and 48%
higher than the prior comparative period.

Shareholders are referred to a special resolution which was
adopted on 30 November 2015, whereby 200,000 shares were
repurchased by the Company from the Cashbuild Empowerment Trust
(“the BEE Transaction”). The related cost was provided for as a
personnel expense in the Group’s prior interim results.

Excluding the impact of the prior period BEE Transaction,
Cashbuild expects that basic, headline, diluted basic and
diluted headline EPS, for the interim results, to be between 5%
and 10% higher than the prior comparative period.

The ranges are as follows:

Statutory information

-   Basic EPS between 1,176.2c and 1,261.4c (31 December 2015:
    852.3c – basic EPS);
-   Headline EPS between 1,131.3c and 1,213.3c (31 December
    2015: 819.8c – headline EPS);
-   Diluted basic EPS between 1,168.4c and 1,253.1c (31 December
    2015: 846.7c – diluted basic EPS); and
-   Diluted headline EPS between 1,123.9c and 1,205.3c (31
    December 2015: 814.4c – diluted headline EPS).

Excluding the impact of the BEE Transaction

-   Basic EPS between 1,186.9c and 1,243.4c (31 December 2015:
    1,130.4c – basic EPS);
-   Headline EPS between 1,146.8c and 1,201.4c (31 December
    2015: 1.092.2c – headline EPS);
-   Diluted basic EPS between 1,179.2c and 1,235.3c (31 December
    2015: 1,123.0c – diluted basic EPS); and
-   Diluted headline EPS between 1,145.3c and 1,199.9c (31
    December 2015: 1,090.8c – diluted headline EPS).

The abovementioned information has not been reviewed and
reported on by the Company’s external auditors. The Company’s
results for the six months ended on 31 December 2016 are expected
to be released on SENS on or about 28 February 2017.


Johannesburg

21 February 2017


Sponsor

Nedbank Corporate and Investment Banking

Date: 21/02/2017 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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