| Fri 30 Mar 2012, 14:40 | | MML - Metmar Limited - Trading statement and dividend declaration for the year |
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MML
MML
MML - Metmar Limited - Trading statement and dividend declaration for the year
ended 29 February 2012
METMAR LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/007269/06)
Share code: MML
ISIN code: ZAE000078747
("Metmar" or "the Company")
TRADING STATEMENT AND DIVIDEND DECLARATION FOR THE YEAR ENDED 29 FEBRUARY 2012
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are satisfied with a reasonable
degree of certainty that the financial results of the period to be reported upon
will differ by 20% or more from the financial results of the previous
corresponding period.
Shareholders are advised that the Company`s attributable earnings per share for
the year ended 29 February 2012 are expected to increase by between 41% and 56%
over those of the previous corresponding period.
Headline earnings per share for the year ended 29 February 2012 are expected to
increase by between 35% and 50% over those of the previous corresponding period.
While tough trading conditions persisted throughout the year, increases in
volumes and a weaker Rand to US Dollar exchange rate, especially in the second
half of the financial year, contributed positively to the increase in
attributable earnings and headline earnings per share.
The financial information on which this trading statement is based has not been
reported on by the Company`s auditors.
Shareholders are advised that the results for the year ended 29 February 2012
will be published on or about 4 May 2012.
DIVIDEND DECLARATION FOR THE YEAR ENDED 29 FEBRUARY 2012
Having taken into account, inter alia, the cash resources of the Company, the
expected earnings of the Company set out in the trading statement above and
changes in tax legislation, the directors are pleased to advise that the Company
has declared a dividend of 16.5 cents per ordinary share for the 12 month period
ended 29 February 2012, totaling R38 373 499. The dividend is in line with
Metmar`s policy to pay at least half the attributable earnings earned as a
dividend and is based on the mid-point of the expected attributable earnings per
share range disclosed above.
The important dates relating to the dividend are set out below:
Last date to trade in order to participate in the dividend
Friday, 15 June 2012
Metmar shares commence trading "ex" dividend Monday, 18 June 2012
Record date for the dividend Friday, 22 June 2012
Payment date for the dividend Monday, 25 June 2012
Metmar shares certificates may not be dematerialised or rematerialised between
Monday, 18 June 2012 and Friday, 22 June 2012 both dates inclusive.
30 March 2012
Bryanston
Sponsor
One Capital
Date: 30/03/2012 14:40:41 Produced by the JSE SENS Department.
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