MML - Metmar Limited - Trading statement for the year ended 28 February 2009
MML
MML
MML - Metmar Limited - Trading statement for the year ended 28 February 2009
Metmar Limited
Incorporated in the Republic of South Africa
Registration number: 1998/007269/07
Share code: MML
ISIN code: ZAE000078747
("Metmar" or "the Company")
TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2009
In terms of the Listings Requirements of the JSE Limited ("the JSE Listings
Requirements"), companies are required to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists that the
financial results of the period to be reported upon will differ by 20% or more
from the financial results of the previous corresponding period. Shareholders
are advised that the Company`s earnings per share for the year ended 28 February
2009 are expected to increase by between 145% and 165% and headline earnings per
share by between 160% and 180% over those of the previous corresponding period.
Shareholders are referred to the announcements released on SENS on 30 May 2008,
2 June 2008, 18 June 2008, 26 June 2008, 24 November 2008 and 28 January 2009
with regards to the proposed disposal by Metmar of its 21% interest in PGR 17
Investments (Proprietary) Limited ("PGR 17") ("the disposal").
Shareholders are advised that the profit on the disposal has not been included
in the results for the year ended 28 February 2009 as PGR 17 and Kermas Limited
are in the process of finalising legal agreements incorporating certain revised
terms and conditions, and extended payment terms.
A circular, containing the information required in terms of the JSE Listings
Requirements in respect of the disposal and incorporating notice of a Metmar
shareholders` general meeting to approve the disposal, will be finalized
subsequent to signature of the revised legal agreements, which circular will
then be posted to Metmar shareholders.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s auditors.
17 March 2009
Bryanston
Sponsors : QuestCo
Date: 17/03/2009 08:30:01 Produced by the JSE SENS Department.
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