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Release Date: 26/03/2024 13:00
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")


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 and headline loss per share of between 30.84 cents and 33.16 cents, being an
    deterioration of between 33.47% (7.73 cents) and 43.47% (10.05 cents) for the year ended
    31 December 2023, compared to the loss and headline loss per share of 23.11 cents
    reported for the year ended 31 December 2022.

The reason for the deterioration in the current reporting period is mainly as a result of the
considerable increase in legal expenditure incurred.

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 2023 on or about 28 March 2024.

26 March 2024

PSG Capital

Date: 26-03-2024 01:00:00
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