NHM
NHM
NHM - Northam Platinum Limited - Trading Statement
NORTHAM PLATINUM LIMITED
(Registration number 1977/003282/06
(Incorporated in the Republic of South Africa)
JSE Code: NHM & ISIN: ZAE000030912
("Northam" or "the Company")
TRADING STATEMENT
Shareholders are advised that for the year ended 30 June 2009, Northam expects
its earnings per share ("EPS") to be between 170 and 190 cents and headline
earnings per share ("HEPS") to be between 160 and 180 cents.
These figures include income from the Pandora joint venture which has been
consolidated in Northam`s accounts for the first time and compare with EPS and
HEPS of 627 cents reported for the previous comparable period.
The expected decrease in earnings results from a substantial decline in the
average Rand basket price received for the Company`s products, coupled with an
increase in the average number of shares in issue during the period under review
following the allotment and issuing of 121 million new shares as consideration
for the Booysendal asset on 20 August 2008.
The information contained in this announcement has not been reviewed or reported
on by the Company`s auditors.
The Company`s preliminary results for the year ended 30 June 2009 will be
released on or about 14 August 2009.
Johannesburg
4 August 2009
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 04/08/2009 16:59:12 Produced by the JSE SENS Department.
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