MZR
MZR
MZR - Mazor Group Limited - Trading Statement
MAZOR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/017221/06)
Share code: MZR & ISIN: ZAE000109823
("Mazor" or "the Company")
TRADING STATEMENT
Mazor is finalising its results for the year ended 29 February 2008 which will
be released on SENS on or about 14 May 2008. In this regard, shareholders are
advised that core headline earnings per share, will be between 46 cents and 48
cents compared to the earnings per share and headline earnings per share of
39.43 cents as forecast in the prospectus dated 8 November 2007. After
adjustments of a non-trading nature as required in terms of IFRS 2, which
includes the once off share-based payment charge of the BEE transaction
completed in November 2007 and other charges of a non-recurring nature, earnings
per share and headline earnings per share will be between 27 cents and 29 cents.
The IFRS 2 adjustments in respect of the BEE transaction arose from the sale of
shares by the founding shareholders to a BEE entity and is a required accounting
entry and has no impact on the cash flow or the net asset value of the company.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s auditors.
Cape Town
12 May 2008
Designated Advisor: Bridge Capital Advisors (Pty) Limited
Date: 12/05/2008 14:49:01 Produced by the JSE SENS Department.
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