AIP
AIP
AIP - Adcock Ingram - Trading Statement
Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
("Adcock Ingram" or "the Company")
Trading Statement
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, an
issuer is required to publish a trading statement as soon as it is satisfied
that a reasonable degree of certainty exists that the financial results for the
period to be reported upon next will differ by at least 20% from those of the
previous corresponding period.
Shareholders are advised that Adcock Ingram`s normalised earnings per share and
normalised headline earnings per share for the year ended 30 September 2010 are
expected to be between 13% and 16% higher than the previous corresponding year
taking into account the once-off, non tax-deductible International Financial
Reporting Standards 2 ("IFRS 2") share-based payment expense of R269 million
incurred in the 2010 financial year, in relation to the Adcock Ingram Broad-
Based Black Economic Empowerment Transaction approved in a general meeting of
Adcock Ingram`s shareholders on 9 April 2010.
After accounting for the abovementioned IFRS 2 expense, Adcock Ingram`s earnings
per share and headline earnings per share for the year ended 30 September 2010
are expected to be between 19% and 22% lower than the previous corresponding
year.
The financial information on which this trading statement is based has not been
reviewed or reported on by Adcock Ingram`s external auditors. The Company`s
results are expected to be released on SENS on Tuesday, 23 November 2010.
Midrand
1 November 2010
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 01/11/2010 15:00:01 Produced by the JSE SENS Department.
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