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RBP
RBP
RBP - Royal Bafokeng Platinum Limited - Trading statement for the six
months ended 30 June 2011
ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
("RBPlat" or the "company")
Trading statement for the six months ended 30 June 2011
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited
("JSE"), 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 period to be reported on next will differ
by at least 20% from those of the previous corresponding period.
RBPlat is in the process of finalising its financial results for the six
months ended 30 June 2011. The company advises that it anticipates
earnings per share ("EPS") and headline earnings per share ("HEPS") for
the six months ended 30 June 2011, to be between 95 cents and 110 cents,
based on a weighted average number of shares of 163 677 799. This
compares to an EPS and HEPS of 132 cents based on a weighted average
number of shares of 137 057 500 for the previous corresponding period
(the six months ended 30 June 2010). The increase in the weighted
average number of shares of 26.6 million results from shares issued in
November 2010, as part of the Initial Public Offering and listing of the
RBPlat`s entire issued share capital on the JSE.
The results were also impacted by the new higher level of amortisation
and depreciation charge related to the fair value adjustment, a non-
recurring optimisation project cost and a non-recurring income inflow
from the settlement of intercompany balances. Based on the latest
estimate, after taking account of the above mentioned items, the
normalised EPS for the six months ended 30 June 2011 is anticipated to
be between 110 cents and 130 cents.
RBPlat expects to release its interim results on or about 16 August
2011.
The information above has not yet been reviewed and reported on by the
company`s external auditors.
Johannesburg
22 July 2011
JSE Sponsor
Macquarie First South Advisers (Pty) Limited
For further enquiries, please contact:
Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)11 530 8056
Mobile: +27 (0)82 920 7803
Date: 22/07/2011 09:52:03 Produced by the JSE SENS Department.
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