MDC
MDC
MDC - Medi-Clinic - Trading Statement
MEDI-CLINIC CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1983/010725/06)
(Share code: MDC)
(ISIN: ZAE000074142)
("Medi-Clinic" or "the Company")
TRADING STATEMENT
The operational performance of Medi-Clinic for the six months ended 30 September
2008 is consistent with historical performance and expectations and is not the
subject of this trading statement.
In terms of paragraph 3.4(b) of the JSE Limited ("JSE") Listings Requirements,
companies are required 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.
Medi-Clinic is currently finalising its results for the six months ended 30
September 2008, which are due to be released on SENS on 5 November 2008 and
published in the press on 6 November 2008.
Shareholders are referred to the circular to shareholders dated 17 August 2007
("the circular") presenting details relating to the acquisition of the
Hirslanden private hospital group in Switzerland, which transaction became
effective on 26 October 2007 (the "Hirslanden acquisition") and the rights offer
of 198.7 million Medi-Clinic shares, effected in December 2007 (the "rights
offer"). The unaudited pro forma financial effect of the Hirslanden acquisition
and the rights offer on the earnings per share ("EPS") and the headline EPS
("HEPS") of the Company was fully disclosed in the circular.
In compliance with the JSE Listings Requirements, shareholders are advised that
the Company`s EPS and HEPS for the six months ended 30 September 2008 will be
between 40% and 45% lower than that reported for the previous corresponding
reporting period, mainly as a result of the increased weighted number of
ordinary shares in issue pursuant to the rights offer.
The financial information on which this trading statement is based has not been
reviewed and reported on by the Company`s auditors.
Stellenbosch
28 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/10/2008 10:38:47 Produced by the JSE SENS Department.
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