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OPT
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OPT - Optimum Coal Holdings Limited - Trading statement
Optimum Coal Holdings Limited
(Registration number: 2006/007799/06)
JSE share code: OPT
ISIN: ZAE000144663
("Optimum Coal" or "Company")
TRADING STATEMENT
Optimum Coal shareholders are referred to the announcement released on SENS
on 15 August 2011 wherein shareholders were advised that Optimum Coal`s
earnings per share ("EPS") and headline earnings per share ("HEPS") for the
year ended 30 June 2011 (the "Reporting Period") were likely to be more than
20% higher than EPS and HEPS for the year ended 30 June 2010 (the "Comparable
Period").
The Company is now in a position to provide guidance in accordance with
section 3.4 (b) of the Listings Requirements of the JSE Limited and Optimum
Coal hereby advises that the forecast ranges of EPS and HEPS for the
Reporting Period are expected to be as follows:
Reviewed year end Audited year ended 30
30 June 2011 June 2010
EPS - IFRS (cps) 225.00 - 235.00 131.75
HEPS - IFRS (cps) 200.00 - 206.00 28.92
Normalised EPS 180.00 - 190.00 99.97
(cps)*
Normalised HEPS 160.00 - 164.00 21.94
(cps)*
251 786 186 200 000 000
Weighted average
number of ordinary
shares in issue
(# shares)
Effect of own (52 000 000) (52 000 000)
shares held**
(# shares)
Weighted average 199 786 186 148 000 000
number of shares
for IFRS purposes
(# shares)
* The Company feels that is useful and appropriate to disclose Normalised EPS
and HEPS. Normalised EPS and HEPS are calculated using IFRS earnings, however
are calculated based on the total number of issued shares outstanding during
the year, ignoring the IFRS accounting effects of the consolidation of the
Employee, Community and Executive Share Incentive trusts. The consolidation
of these trusts in terms of IFRS results in a deemed reduction in issued
share capital of 52 million shares.
**52 000 000 shares collectively owned by the Employee, Community and
Executive Share Incentive Trusts are deemed to be under the control of the
Company and are therefore excluded from the calculation of shares outstanding
for IFRS purposes.
Headline earnings have been adjusted for the effects of one-off items
recognised during the financial year.
The financial information on which this trading statement is based has not
been reviewed and reported on by the Company`s external auditors. Optimum
Coal intends to publish its reviewed interim results on SENS for the
Reporting Period on or about 25 August 2011.
23 August 2011
Johannesburg
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Financial Communications Advisers
COLLEGE HILL
Date: 23/08/2011 09:44:01 Produced by the JSE SENS Department.
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