| Thu 29 Mar 2012, 16:39 | | VLE - Value Group Limited - Trading Update and Declaration of Final Dividend |
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VLE
VLE
VLE - Value Group Limited - Trading Update and Declaration of Final Dividend
(Number 11)
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
("Value" or "the company`)
TRADING UPDATE AND DECLARATION OF FINAL DIVIDEND (NUMBER 11)
In terms of the listings requirements of the JSE Limited, a listed company is
required to publish a trading update as soon as it becomes reasonably certain
that the financial results for the period to be reported on next will show a 20%
or more difference from the previous corresponding period.
Trading for the second half of the financial year ended 29 February 2012 was
partly subdued. Earnings were impacted by reduced volumes in September 2011 and
more so in January 2012. Conversely, the BEE equity transaction costs, which
were incurred in the company`s previous reporting period ended 28 February 2011,
had a negative effect on the prior period`s earnings. Consequently, the
comparative headline and basic earnings per share figures are reduced.
Accordingly shareholders are advised that headline and basic earnings per share
for the period ended 29 February 2012 will be 10% to 30% higher than that
achieved in the previous corresponding period.
Excluding the once-off BEE equity transaction cost incurred in the previous
period, adjusted headline earnings per share for the period ended 29 February
2012 will be up to 20% higher than that achieved in the previous corresponding
period.
The financial results, on which this trading update has been based, have not
been reviewed nor reported on by Value`s auditors. The results for the 12
months ended 29 February 2012 will be published on or about 16 May 2012.
The Board has resolved to declare a final dividend of 14 cents per ordinary
share payable as follows:
Declaration date Wednesday, 28 March 2012
Last day to trade cum Friday, 22 June 2012
dividend
Trading ex-dividend Monday, 25 June 2012
commences
Record date Friday, 29 June 2012
Payment date Monday, 2 July 2012
Share certificates may not be dematerialised or rematerialised between 25 June
2012 and 29 June 2012, both days inclusive.
Johannesburg
29 March 2012
Sponsor:
Investec Bank Limited
Date: 29/03/2012 16:39:01 Produced by the JSE SENS Department.
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