|
OLI
OLI
OLI - O-line Holdings Limited - Revised pro forma financial effects and
posting of circular
O-line Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/034685/06)
Share code: OLI
ISIN code: ZAE000110730
("O-line" or "the Company")
Revised pro forma financial effects relating to the specific share repurchase
and posting of Circular to O-line shareholders
Introduction
Shareholders are referred to the SENS announcement dated 29 December 2010,
regarding the conclusion of the share buy-back agreements with AMRCO
Management and Andrew Dippenaar.
Revised Pro forma financial effects
The unaudited pro forma financial effects of the Share Repurchase are
presented in the table below and have been updated from the effects shown in
the announcement dated 29 December 2010. Such pro forma financial effects are
the responsibility of the Board and are presented for illustrative purposes
only to provide information on how the Share Repurchase may have impacted on
the reported financial information of the Company if it had been implemented
in the six month period ended 31 December 2010. Because of their nature, the
pro forma financial effects may not give a fair indication of the Company`s
financial position at 31 December 2010 or its future earnings.
Before(i) After (ii) % change
Attributable earnings per ordinary 7.94 11.03 39.92
share for the period ended 31
December 2010 (cents) (iii)
Headline earnings per ordinary 7.93 11.01 38.84
share for the period ended 31
December 2010 (cents) (iii)
Net asset value per ordinary share 100.80 102.37 1.56
at 31 December 2010 (cents) (iv)
Net tangible asset value per 73.70 72.08 (2.20)
ordinary share at 31 December 2010
(cents) (iv)
Weighted average number of ordinary 238 500 000 213 423 750 (10.51)
shares in issue for the period
Number of ordinary shares in issue 238 500 000 213 423 750 (10.51)
at the end of the period
Notes:
(i) The figures in this column are extracted from the unaudited interim
results of the Company for the six month period ended 31 December
2010.
(ii) The figures in this column are based on the figures set out in the
previous column, having adjusted for the effects of the Share
Repurchase.
(iii) For purposes of the pro forma attributable and headline earnings per
ordinary share it was assumed that the Share Repurchase was
implemented and loan settled with effect from 1 July 2010.
(iv) For purposes of net asset value and net tangible asset value per
ordinary share, it was assumed that the Share Repurchase was
implemented and the Seller Loan Accounts settled on 31 December
2010.
Posting of Circular
The circular to shareholders of O-line setting out the details of the specific
share repurchase and containing a notice convening the general meeting to
approve the share repurchase has been posted to shareholders of O-line on 8
April 2011 and has been made available on the Company`s website.
The general meeting, to be held at the registered office of O-line, 14/16 Prop
Street, Selby Ext 11, Johannesburg, will be convened for 10 May 2011 at 10:00.
08 April 2011
Designated advisor
QuestCo Sponsors (Pty) Limited
Date: 08/04/2011 11:17:01 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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
