BAT - BRAIT SE - Trading Statement: Year ended 31 March 2012
BAT
BRAIT
BAT - BRAIT SE - Trading Statement: Year ended 31 March 2012
BRAIT SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT & ISIN: LU0011857645
("Brait" or "the Company")
TRADING STATEMENT: YEAR ENDED 31 MARCH 2012
Shareholders of the Company are advised that:
- Brait`s Net Asset Value ("NAV") per share as at 31 March 2012 is
anticipated to increase by 60% to 62% to between ZAR20.45 and ZAR20.65
(2011: ZAR12.78). This represents a 24% to 25% increase on the ZAR16.50 NAV
per share when the Rights Offer and Private Placement capital raising was
concluded on 4 July 2011;
- Earnings per share and headline earnings per share ("HEPS") are anticipated
to increase by 320% to 340% to between ZAR5.30 and ZAR5.50 per share (2011:
ZAR1.25); and
- HEPS normalised for total shares outstanding at 31 March 2012, instead of
the weighted average number of shares for the financial year, is expected
to increase by 245% to 265% to between ZAR4.20 and ZAR4.40 per share (2011:
ZAR1.21).
The financial information on which this trading statement is based has not been
reviewed and reported on by the Company`s external auditors. The financial
results of the Company for the year ended 31 March 2012 are currently being
prepared and are expected to be released on the Luxembourg Stock Exchange and
SENS on or about 6 June 2012.
For and on behalf of the Company`s Board of Directors
Phillip Jabulani Moleketi
Non-Executive Chairman
24 April 2012
The Company is primarily listed on the Euro MTF market of the Luxembourg Stock
Exchange and secondarily listed on the Johannesburg Stock Exchange.
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 24/04/2012 12:00:01 Produced by the JSE SENS Department.
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