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Trading statement for the year ended 31 December 2014
ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “company”)
Trading statement for the year ended 31 December 2014
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited
(“JSE”), a listed company is required to publish a trading statement as soon as
it is satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ by at least 20%
from those of the previous corresponding period.
RBPlat is in the process of finalising its financial results for the year ended
31 December 2014. The company advises that it anticipates earnings per share
(“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 December
2014, to be between 230 cents and 245 cents or between 33% and 42% higher,
compared to an EPS and HEPS of 173 cents for the previous corresponding period
(the year ended 31 December 2013).
Normalised EPS for the year ended 31 December 2014, after adjusting for the
after tax effect of an additional amortisation and depreciation charge related
to a fair value adjustment that was made in terms of IFRS 3 (Business
Combinations) at the time of the company’s listing in 2010, is anticipated to
be between 264 cents and 281 cents or between 25% and 33% higher compared to
Normalised EPS of 212 cents for the previous corresponding period.
The expected increase in EPS, HEPS and Normalised EPS is primarily due to
higher sales volumes and higher ZAR basket prices due to the ZAR weakening
further against the USD in 2014 compared to 2013 as well as good cost
containment resulting from sustained mining flexibility, operational stability
and specific cost reduction strategies.
RBPlat expects to release its results for the year ended 31 December 2014 on or
about 3 March 2015.
The information set out in this announcement has not yet been reviewed and
reported on by the company’s external auditors.
Johannesburg
5 February 2015
JSE Sponsor
Merrill Lynch South Africa Proprietary Limited
For further enquiries, please contact:
Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)10 590 4517
Mobile: +27 (0)82 920 7803
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