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
Remgro is currently finalising its unaudited financial results for the six
months ended 31 December 2011, which is due to be released on SENS on or about
15 March 2012. 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 reporting period.
As previously reported, the financial year-end of the Company was changed from
31 March to 30 June with effect from 30 June 2011. As a result of the change in
year-end, the results for the six months to December 2011 are not directly
comparable to those of the six months ended 30 September 2010 which were
published as interim results during the previous financial year.
Shareholders are advised that Remgro`s reported headline earnings per share
("HEPS") for the six months ended 31 December 2011 is expected to be between 18%
and 22% higher than the HEPS of the comparative six months ended 30 September
2010.
It should be noted that a comparison of the results for the six months ended 31
December 2011 with those of the six months ended 31 December 2010 will be
presented in the profit announcement to be released on SENS on or about 15 March
2012.
The financial information on which this trading statement is based has not been
reviewed and reported on by the Company`s external auditors.
Stellenbosch
2 March 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/03/2012 17:10:01 Produced by the JSE SENS Department.
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