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CGR - Calgro M3 Holdings Limited - Trading statement

Release Date: 12/10/2009 07:05
Code(s): CGR
Wrap Text

CGR - Calgro M3 Holdings Limited - Trading statement CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2004/030045/06 Share Code: CGR ISIN: ZAE000109203 ("Calgro M3" or "the company") TRADING STATEMENT In accordance 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 it becomes aware, with a reasonable degree of certainty, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period. Calgro M3 wishes to advise shareholders that the company`s earnings per share ("EPS") for the 6 months ended 31 August 2009 is expected to be between 77% and 97% higher than those reported on in the previous corresponding period. Headline earnings per share ("HEPS") for the 6 months ended 31 August 2009 is expected to be between 108% and 128% lower than those reported on in the previous corresponding period. The variation between EPS and HEPS is attributable to the profit made on the disposal by Calgro M3 Land (Proprietary) Limited of 30% of its equity interest in and cession of its claims against Fleurhof Extension 2 (Proprietary) Limited, as detailed in the circular dated 7 April 2009. The financial information on which this trading statement is based has not been reviewed or reported on by the company`s auditors. Johannesburg 12 October 2009 Designated Adviser PSG Capital (Pty) Limited Date: 12/10/2009 07:05:01 Supplied by www.sharenet.co.za 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.

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