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TRENCOR LIMITED - Trading Statement for the year ended 31 December 2020

Release Date: 29/01/2021 15:00
Code(s): TRE     PDF:  
Wrap Text
Trading Statement for the year ended 31 December 2020

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

TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

Pending publication of the Company’s audited annual results for the year ended
31 December 2020 (“current period”), expected to occur on or about 31 March 2021,
shareholders are advised that based on information currently available, the Company
expects:
•   basic loss per share for the current period to be between 22 and 24 cents compared to
    the reported basic loss per share of 263 cents for the year ended 31 December 2019
    (“prior period”). This represents a respective positive change of between 92% and
    91%; and
•   headline loss per share for the current period to be between 22 and 24 cents compared
    to the reported headline loss per share of 14 cents for the prior period. This represents
    a respective negative change of between 57% and 71%.

Basic loss and headline loss per share for the current period have been impacted by a net
dividends tax on the Company of 10 cents per share. This dividends tax is in respect of
the June 2020 unbundling of Trencor’s remaining 3 000 158 shares (being 5,3% of the
shares in issue) in inward secondary JSE listed Textainer Group Holdings Limited
(“Textainer”) less refunds claimed in respect of the dividends tax paid in relation to the
December 2019 and the June 2020 in specie unbundling of Trencor’s 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
Ric Sieni
Financial Director

29 January 2021

Sponsor: Investec Bank Limited

www.trencor.net

Date: 29-01-2021 03:00:00
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