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RH BOPHELO LIMITED - Trading Statement and adoption of Net Asset Value per share as Trading Statement measure

Release Date: 27/10/2020 16:34
Code(s): RHB     PDF:  
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Trading Statement and adoption of Net Asset Value per share as Trading Statement measure

RH BOPHELO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2016/533398/06)
(JSE & RSE Share Code: RHB, ISIN: ZAE000244737)
(“RH Bophelo” or “the Company”)

Trading Statement and adoption of Net Asset Value per share as Trading Statement measure


The Company is in the process of finalising its interim results for the period ended 31 August 2020, which are
scheduled to be released on or about 30 October 2020.

Shareholders are advised that the Company expects to report earnings per share (“EPS”) and headline
earnings per share (“HEPS”) of R1,37 to R1,42 , being an increase of 125% to 133% compared to prior period
of R0,61 per share. The EPS and HEPS are calculated using 57 404 589 (31 August 2019: 50 938 356) of
weighted average number of shares in issue during the period ended 31 August 2020.

The Company’s net asset value per share increased by 15% to 20% from current period R12,50 to R13,00
compared to prior period R10,86. The net asset value per share is based on total issued shares of 58 875 000
(31 August 2019: 53 750 000).

RH Bophelo has undertaken to adopt net asset value (“NAV”) per share as a trading statement measure to
align with Section 15 investment entities as per section 3.4.(b)(vi) of the JSE Listings Requirements. The
adaptation will ensure ease of use for comparable benchmarking purposes. Previously the company used EPS
and HEPS as trading measures.

The financial information on which this trading statement has not been reviewed nor reported on by the
Company’s external auditors.


Johannesburg

27 October 2020

JSE Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

RSE Sponsor: Faida Securities Rwanda

Date: 27-10-2020 04:34:00
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