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Trading Statement for the twelve months ended 31 March 2020
RECM and Calibre Limited
Incorporated in the Republic of South Africa)
Registration number 2009/012403/06)
Preference share code: RACP
ISIN: ZAE000145041
(“RAC” or "the Company”)
TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 31 MARCH 2020
Shareholders are referred to the announcement released by the Company on the JSE Stock Exchange
News Service (“SENS”) on 28 May 2020, wherein shareholders where advised that the net asset value
(“NAV”) per share for RAC was expected to reduce by more than 20%.
Shareholders are hereby advised that, for the twelve months ended 31 March 2020, the NAV per share
for RAC is expected to be between 2 000 and 2 050 cents. This represents a decrease of between 24%
and 26% from the NAV per share of 2 692 cents for RAC as reported for the year ended 31 March 2019.
The board of directors of RAC considers the NAV per share of RAC to be the best indicator of its
financial performance.
The contents of this trading statement and the financial information on which it has been based have
not been reviewed, audited or reported on by the Company’s auditors.
Shareholders are further advised that the audited results for RAC for the year ended 31 March 2020
will be released on SENS on/or about 28 July 2020.
Cape Town
23 July 2020
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 23-07-2020 11:47:00
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