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RANDGOLD & EXPLORATION COMPANY LIMITED - Trading Statement

Release Date: 17/03/2020 15:00
Code(s): RNG     PDF:  
 
Wrap Text
Trading Statement

Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
(“R&E” or “the Company”)

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that
the Company expects to report:

-   a loss per share of between 32.9 cents and 33.9 cents, being a decrease of between 783%
    and 803% for the year ended 31 December 2019, compared to earnings per share of 4.82
    cents reported for the year ended 31 December 2018; and

-   a headline loss per share of between 32.9 cents and 33.9 cents, being a decrease of
    between 783% and 803% for the year ended 31 December 2019, compared to headline
    earnings per share of 4.82 cents reported for the year ended 31 December 2018.

The reason for the decrease in the current reporting period is mainly as a result of no revenue
from recoveries received in the 2019 financial reporting period, compared to a large amount
recovered in 2018 from Charles Orbach and Company, a former auditor of R&E.

The information contained in this trading statement has not been reviewed or reported on by
the Company's external auditors. R&E expects to release its financial results for the year
ended 31 December 2019 on or about 23 March 2020.

Johannesburg
17 March 2020

Sponsor
PSG Capital

Date: 17-03-2020 03:00:00
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