REM
REM
REM - Remgro Limited - Trading statement
Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
("Remgro" or "the Company")
TRADING STATEMENT
As previously communicated to shareholders the financial year-end of the
Company was changed from 31 March to 30 June. As a result of the change
in year-end and in order to comply with the Listings Requirements of the
JSE Limited ("JSE Listings Requirements") Remgro published a second set
of interim results to shareholders for the twelve month period ended 31
March 2011 during June 2011.
Remgro is currently finalising its audited financial results for the
fifteen months ended 30 June 2011, which is due to be released on SENS on
or about 20 September 2011. Paragraph 3.4 (b) of the JSE Listings
Requirements requires companies to publish a trading statement as soon as
they become reasonably certain that the financial results for the period
to be reported upon next will differ by at least 20% from that of the
previous corresponding period.
Accordingly, shareholders are advised that Remgro`s reported headline
earnings per share ("HEPS") for the fifteen months ended 30 June 2011 is
expected to be between 50% and 60% higher than the HEPS of the
comparative twelve months ended 31 March 2010. This increase in HEPS is
mainly due to the extension of the financial reporting period by three
months, which caused the results of investee companies to be accounted
for periods varying between twelve and eighteen months. The HEPS for the
fifteen months ended 30 June 2011 and the twelve months ended 31 March
2010 are therefore not comparable.
The financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s external auditors.
Stellenbosch
7 September 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/09/2011 08:40:11 Produced by the JSE SENS Department.
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