SPP
SPP
SPP - The SPAR Group Limited - Trading Statement
The SPAR Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1967/001572/06
Share code: SPP ISIN: ZAE000058517
("the Company")
TRADING STATEMENT
Shareholders are advised that the costs relating to the black economic
empowerment transaction concluded by the Company during the financial year ended
30 September 2009 ("FY2009") ("BEE Transaction") resulted in the Company`s
earnings and headline earnings for FY2009 and the year ended 30 September 2010
("FY2010") being reduced by approximately R136.2 million and R13 million,
respectively.
Shareholders are advised further that as a consequence of the BEE Transaction
earnings per share ("EPS") and headline earnings per share ("HEPS") for FY2010
are likely to be 15% to 25% and 25% to 40% higher than the reported EPS and HEPS
for FY2009, respectively.
In the interest of transparent financial reporting, the Company wishes to
further disclose that the EPS and HEPS for FY2010 are likely to only be 2% to
10% and 8% to 15% higher than the EPS and HEPS for FY2009, respectively, after
excluding the costs relating to the BEE Transaction as described above.
The forecast financial information upon which this trading statement is based
has not been reviewed or reported on by the Company`s external auditors and it
is anticipated that the results for the year ended 30 September 2010 are
expected to be published on or about 17 November 2010.
2 November 2010
Pinetown
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
Date: 02/11/2010 15:37:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
