RGT
RGT
RGT - RGT Smart Market Intelligence Limited - Trading statement announcement
RGT SMART MARKET INTELLIGENCE LIMITED
Incorporated in the Republic of South Africa)
(Registration number: 2008/014367/06)
Share Code: RGT ISIN: ZAE0000143715
("RGT SMART" or "the company")
TRADING STATEMENT ANNOUNCEMENT
In terms of the Listings Requirements of the JSE Limited (the "JSE"), listed
companies are required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the financial
results for the next period to be reported on will vary by more than 20%
from those of the previous corresponding period or from a profit forecast
previously provided to the market in relation to such period.
Accordingly, shareholders are advised that the Company expects that the
earnings per share and headline earnings per share for the year ended 28
February 2012 are expected to be between 55% and 75% lower than the profit
forecast for 28 February 2012 as published in the prospectus to shareholders
dated 15 March 2010 and the SENS announcement dated 23 March 2010. This is
due in part to an increased number of shares in issue compared to the
prospectus as well as an investment into additional employees and
development of additional products to enhance future growth prospects.
It should be noted though that compared to the prior year results for the
year ended 28 February 2011, the earnings per share and headline earnings
per share for the year ending 28 February 2012 are expected to only be
between 10% and 15% lower than the prior year.
This trading statement has not been reviewed or reported on by the Company`s
external auditors.
Johannesburg
23 November 2011
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 23/11/2011 14:00:09 Produced by the JSE SENS Department.
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