REM
REM
REM - Remgro - Trading Statement
Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
("Remgro" or "the Company")
TRADING STATEMENT
Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited ("JSE
Listings Requirements") requires companies to publish a trading statement
as soon as they become reasonably certain that the financial results for
the period to be reported upon next will differ by at least 20% from that
of the previous corresponding period.
Remgro is currently finalising its results for the year ended
31 March 2007, which is due to be released on 18 June 2007.
On 16 April 2007 Remgro advised its shareholders that its reported
headline earnings per share ("HEPS") is expected to be between 25% and
35% higher than the HEPS of the comparative year ended 31 March 2006. On
an adjusted basis, i.e. before taking into account the non-recurring
portion of BEE costs of R379.7 million in the comparative year, HEPS was
expected to be between 15% and 25% higher than the HEPS of the
comparative year ended 31 March 2006.
Since the announcement on 16 April 2007 the results of Remgro`s investee
companies have been finalised, enabling Remgro to provide an accurate
estimate of earnings growth to shareholders.
In compliance with the JSE Listings Requirements, shareholders are
accordingly advised that Remgro`s HEPS is expected to be between 35% and
40% higher than the HEPS of the comparative year ended 31 March 2006.
On an adjusted basis, i.e. before taking into account the non-recurring
portion of BEE costs in the comparative year, HEPS is expected to be
between 25% and 30% higher than the HEPS of the comparative year ended
31 March 2006.
The financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s auditors.
Stellenbosch
11 June 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/06/2007 17:15:01 Produced by the JSE SENS Department.
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