| Fri 5 Sep 2008, 12:25 | | PGR - Peregrine Holdings Limited - Voluntary trading update, change to the board |
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PGR
PGR
PGR - Peregrine Holdings Limited - Voluntary trading update, change to the board
of directors, non binding expression of interest and cautionary announcement
Peregrine Holdings Limited
(Registration number 1994/006026/06)
("Peregrine" or "the company")
JSE code: PGR ISIN code: ZAE000078127
VOLUNTARY TRADING UPDATE, CHANGE TO THE BOARD OF DIRECTORS, NON BINDING
EXPRESSION OF INTEREST AND CAUTIONARY ANNOUNCEMENT
VOLUNTARY TRADING UPDATE
Shareholders are advised that it is anticipated that the headline earnings per
share and earnings per share for the interim period ending 30 September 2008
will be more than 20% lower than the comparable figures for the six months ended
30 September 2007 (being 127,0 cents and 129,7 cents respectively).
There is currently insufficient certainty to define the range (within a 20%
band) by which the headline earnings per share and earnings per share will be
lower than those for the comparable period of the previous year. Accordingly,
the information provided is by way of a voluntary trading update with more
specific information to be provided to shareholders as soon as there is such
certainty.
CHANGE TO THE BOARD OF DIRECTORS
Mr Keith Betty, who has held office as Chief Executive Officer of Peregrine
since 1 November 2006, has advised the board that, for personal reasons, he and
his family will be relocating to Australia in January. Keith will however be
available to the group until 31 March 2009.
The directors would like to express their appreciation to Keith for his
significant contribution to the group over the past 10 years and to wish him and
his family every success in their relocation.
A further announcement will be made in due course.
EXPRESSION OF INTEREST AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that a consortium, including members of management led
by the company`s chairman, Mr Sean Melnick, has submitted to the company a non-
binding expression of interest for the acquisition of the entire issued share
capital of Peregrine. The board is engaged in discussions with the consortium
and will up-date shareholders whenever appropriate.
The non-binding expression of interest and discussions in that regard do not
constitute a firm intention to make any offer and it is possible that no offer
may result from this process.
Accordingly, pending further announcements, shareholders are advised to exercise
caution when dealing in their Peregrine shares.
5 September 2008
Sponsor
Java Capital (Proprietary) Limited
Date: 05/09/2008 12:25:02 Produced by the JSE SENS Department.
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