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 financial year ended 31
March 2009 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 financial
year ended 31 March 2009, which are due to be released on SENS on 19 May 2009
and published in the press on 20 May 2009.
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 financial year ended 31 March 2009
will be between 20% and 25% 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
12 May 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/05/2009 14:29:01 Produced by the JSE SENS Department.
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