AIP
AIP
AIP - Adcock Ingram Holdings Limited - Trading statement
ADCOCK INGRAM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
ISIN: ZAE000123436
Share code: AIP
("Adcock Ingram" or "the Company")
Trading statement
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, an issuer is required to publish a trading statement as soon
as they are satisfied that there is a reasonable degree of certainty
that the financial results for the next reporting period will differ by
at least 20% from those of the previous corresponding period.
Shareholders are advised that Adcock Ingram`s basic earnings per share
("EPS") for the financial year ended 30 September 2011 from continuing
operations are expected to be between 27% and 30% higher than the
previous corresponding year`s figure of 354.9 cents. Headline earnings
per share ("HEPS") for the financial year ended 30 September 2011 from
continuing operations are expected to be between 29% and 32% higher
than the previous corresponding year`s figure of 354.8 cents. The EPS
and HEPS of the previous corresponding period were disclosed in the
Company`s financial results for the six months ended 31 March 2011,
released on SENS on 24 May 2011.
Shareholders are reminded that a non tax-deductible International
Financial Reporting Standards 2 ("IFRS 2") share-based payment expense
of R269 million was incurred in the 2010 financial year (equivalent to
154.8 cents per share in that year), in relation to the Adcock Ingram
Broad-Based Black Economic Empowerment Transaction approved in a
general meeting of Adcock Ingram`s shareholders on 9 April 2010.
The financial information on which this trading statement is based has
not been reviewed or reported on by Adcock Ingram`s auditors.
The Company`s financial results for the year ended 30 September 2011
will be released on SENS on 22 November 2011.
Midrand
28 October 2011
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 28/10/2011 14:52:01 Produced by the JSE SENS Department.
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