CGR
CGR
CGR - Calgro M3 Holdings Limited - Trading statement
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2004/030045/06
Share Code: CGR ISIN: ZAE000109203
("Calgro M3" or "the company")
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, a listed company is required to publish a trading statement as soon as
it becomes aware, with a reasonable degree of certainty, that the financial
results for the next period to be reported on are likely to vary by more than
20% from the previous corresponding period.
Calgro M3 wishes to advise shareholders that the company`s earnings per share
("EPS") for the 6 months ended 31 August 2009 is expected to be between 77% and
97% higher than those reported on in the previous corresponding period.
Headline earnings per share ("HEPS") for the 6 months ended 31 August 2009 is
expected to be between 108% and 128% lower than those reported on in the
previous corresponding period.
The variation between EPS and HEPS is attributable to the profit made on the
disposal by Calgro M3 Land (Proprietary) Limited of 30% of its equity interest
in and cession of its claims against Fleurhof Extension 2 (Proprietary) Limited,
as detailed in the circular dated 7 April 2009.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
Johannesburg
12 October 2009
Designated Adviser
PSG Capital (Pty) Limited
Date: 12/10/2009 07:05:01 Produced by the JSE SENS Department.
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