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Trading Statement
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
Share code: REN ISIN: ZAE000202610
(“Renergen” or “the Company”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies
are required to provide guidance to the market when they are
satisfied that a reasonable degree of certainty exists that
the financial results for the current reporting period will
differ by at least 20% from the results of the previous
corresponding reporting period.
Renergen is currently finalising its results for the year
ended 28 February 2018. Primarily in light of the board’s
decision to terminate the Ivory Coast hydro-electric project,
shareholders are advised that the Company expects earnings per
share (“EPS”) and headline earnings per share (“HEPS”) for the
year ended 28 February 2018 to be at least 20% lower relative
to the prior comparative period.
There is currently insufficient certainty to enable the
Company to provide specific guidance on the extent of the
expected decrease in both HEPS and EPS and it is anticipated
that Renergen will publish a more detailed trading statement
in due course.
The financial information on which this trading statement is
based has not been reviewed or reported on by the Company’s
auditors.
Johannesburg
23 March 2018
Designated advisor
PSG Capital
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