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CGR
CGR
CGR - Calgro M3 - Trading statement and resignation of Non-executive director
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: CGR ISIN: ZAE000109203
("Calgro M3" or "the company" or "the group")
TRADING STATEMENT AND RESIGNATION OF NON-EXECUTIVE DIRECTOR
1. TRADING STATEMENT
In accordance with paragraph 3.4 of the Listings Requirements of the JSE
Limited ("JSE"), a listed company is required to publish a trading
statement as soon as it becomes aware, with a reasonable degree of
certainty, that the financial results for the next period to be reported on
are likely to vary by more than 20% from the previous corresponding period.
Further to the trading update issued on the Securities Exchange News
Service of the JSE on 27 February 2012, Calgro M3 wishes to advise
shareholders that the company`s headline earnings per share ("HEPS") for
the year ended 29 February 2012 ("2012 financial year") is expected to be
between 49.44 and 52.14 cents per share compared to HEPS of 13.48 cents per
share reported in the previous corresponding year. Earnings per share
("EPS") for the 2012 financial year is expected to be between 49.46 and
52.12 cents per share compared to 13.34 cents per share as reported in the
previous corresponding period.
Taking into account a pipeline in excess of R8 billion over the next 6
years, the group is well positioned for growth.
Calgro M3 did not undertake any corporate action during the 2012 financial
year.
The financial information on which this trading statement is based has not
been reviewed or reported on by the company`s auditors.
2. RESIGNATION OF NON-EXECUTIVE DIRECTOR
In compliance with section 3.59(b) of the Listings Requirements of the JSE,
the Board of Directors ("the Board") of Calgro M3 wishes to advise that Mr.
Rob Wesselo has resigned as Non-executive director of the Board, with
immediate effect.
The Board wishes to thank Mr. Wesselo for his input and contribution to the
Board.
Johannesburg
4 May 2012
Sponsor
Grindrod Bank Limited
Date: 04/05/2012 13:00:04 Produced by the JSE SENS Department.
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