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RECM AND CALIBRE LIMITED - Trading statement: Net Asset Value per share update for the twelve months ended 31 March 2017

Release Date: 05/05/2017 07:30
Code(s): RACP     PDF:  
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Trading statement: Net Asset Value per share update for the twelve months ended 31 March 2017

RECM and Calibre Limited
Incorporated in the Republic of South Africa
(Registration number 2009/012403/06)
Preference share code: RACP
ISIN: ZAE000145041
(“RAC” or "the Company”)


TRADING STATEMENT: NET ASSET VALUE (“NAV”) PER SHARE UPDATE FOR THE TWELVE MONTHS ENDED 31 MARCH 2017 

In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed
company is required to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the next period to be reported on will differ
by at least 20% from the previous corresponding period.

The Board of Directors of RAC considers the NAV per share of the Company to be the best
indicator of its financial performance.

Shareholders are hereby advised that, for the financial year ended 31 March 2017, RAC expects
NAV per share to be between 2600 and 2750 cents. This represents an increase of between 32%
and 40% from the NAV per share of 1966 cents as reported at 31 March 2016.

The contents of this trading statement and the financial information on which it has been based
have not been reviewed, audited or reported on by the Company’s auditors.

Cape Town
4 May 2017
Sponsor to RAC: Questco (Pty) Ltd

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