RNG - Randgold & Exploration Company Limited - Trading statement
RNG
RNG
RNG - Randgold & Exploration Company Limited - Trading statement
Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
("R&E" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company 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
financial period to be reported on next will vary by 20% or more from those of
the previous corresponding period.
Shareholders are hereby advised that a reasonable degree of certainty exists
that the earnings per share of R&E for the financial year ended 31 December 2010
will be between 980 and 988 cents per share greater than the audited earnings
per share of 48 cents per share for the previous financial year ended 31
December 2009.
Furthermore, a reasonable degree of certainty exists that the headline earnings
per share for the financial year ended 31 December 2010 will be between 999 and
1007 cents per share greater than the audited headline earnings per share of 48
cents per share for the previous financial year ended 31 December 2009.
Key elements of the increased revenue relate to the receipts of settlement Gold
Fields Limited shares and JCI Limited ("JCI") shares from JCI in terms of a
settlement concluded between R&E, JCI and JCI Investment Finance (Pty) Limited,
as well as the litigation settlement agreement.
The financial information on which this trading statement is based has not yet
been reviewed and reported on by the Company`s auditors. The results for the
financial year ended 31 December 2010 are expected to be published on or about
Wednesday, 9 March 2011.
Johannesburg
4 March 2011
Sponsor
PSG Capital (Pty) Limited
Date: 04/03/2011 15:53:01 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.
