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RANDGOLD & EXPLORATION COMPANY LIMITED - Summarised Group Annual Results for the Financial Year Ended 31 December 2019

Release Date: 23/03/2020 17:00
Code(s): RNG     PDF:  
 
Wrap Text
Summarised Group Annual Results for the Financial Year Ended 31 December 2019

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” or “the Group”)

SUMMARISED GROUP ANNUAL RESULTS FOR THE FINANCIAL YEAR ENDED 31
DECEMBER 2019

1.   SALIENT FEATURES

     Operating loss increased by 312% to R35.5 million, from R8.6 million in the prior
     corresponding period.

     Headline earnings per share (“HEPS”) decreased by 793% to a loss of 33.41 cents per
     share, from earnings of 4.82 cents per share in the prior corresponding period.

     Earnings per share (“EPS”) decreased by 793% to a loss of 33.41 cents per share, from
     earnings of 4.82 cents per share in the prior corresponding period.

     Net asset value per share (“NAVPS”) decreased by 16% to 184 cents per share, from 219
     cents per share in the prior corresponding period.

2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:

     https://senspdf.jse.co.za/documents/2020/JSE/ISSE/RNG/FY19.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at https://www.randgoldexp.co.za/announcements-media/annual-reports/ or may be
     requested in person, at the Company’s registered office or the office of the sponsor, at no
     charge, during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

     These annual results for the year ended 31 December 2019 have been audited by the
     Company’s auditors, KPMG Inc., who expressed an unmodified audit opinion thereon.
     The audit opinion also includes communication of key audit matters. The audit opinion is
     available, along with the annual financial statements, and the summary financial results,
     on the Company’s website at https://www.randgoldexp.co.za/announcements-
     media/annual-reports/.

23 March 2020

Sponsor

PSG Capital

Date: 23-03-2020 05:00:00
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