TRENCOR LIMITED - Trading statement - six months ended 30 June 2020

Trading statement - six months ended 30 June 2020

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“the Company”)

TRADING STATEMENT – SIX MONTHS ENDED 30 JUNE 2020

Pending publication of the Company’s interim results for the six months ended 30 June
2020 (“current period”), expected to occur on or about 31 August 2020, shareholders are
advised that based on information currently available, the Company expects:

•   basic earnings per share for the current period to be 12 cents compared to the reported
    basic earnings per share of 3 cents for the six months ended 30 June 2019 (“prior
    period”). This represents a positive change of 300%; and
•   headline earnings per share for the current period to be 12 cents compared to the
    reported headline loss per share of 9 cents for the prior period. This represents a
    positive change of 233%.

Basic earnings and headline earnings per share for the current period have been impacted
by a net dividends tax on the Company of 10 cents per share. This tax comprises the
dividends tax in respect of the June 2020 unbundling of the remaining 3 000 158
Textainer Group Holdings Limited (“Textainer”) inward secondary listed shares
previously held by the Company less refunds claimed in respect of the dividends tax paid
on the December 2019 unbundling of Textainer shares.

The financial information on which this trading statement is based has not been reviewed
nor reported on by Trencor’s independent auditors.

On behalf of the Board
Hennie van der Merwe
Chief Executive Officer

24 July 2020

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

www.trencor.net

Date: 24-07-2020 04:00:00
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.