| Mon 22 Feb 2016, 16:00 | | CASHBUILD LIMITED - Voluntary trading update |
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CSB 201602220058A
Voluntary trading update
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028320
("Cashbuild" or "the company" or “the group”)
VOLUNTARY TRADING UPDATE
As required by the JSE Limited Listing Requirements, a company
is required to announce once it is reasonably certain that its
results will differ by more than 20% from the corresponding
reporting period.
Shareholders are referred to a special resolution which was
adopted on 30 November 2015, whereby 200,000 shares were
repurchased by the company from the Cashbuild Empowerment Trust
(“the BEE Transaction”). The related costs of the BEE
Transaction have been provided for as a personnel expense in the
group’s interim results for the six months ended 31 December
2015 (“interim results”).
Excluding the impact of the BEE Transaction, Cashbuild expects
that basic, headline, diluted basic and diluted headline
earnings per share (“EPS”), for the interim results, to be
between 34% and 39% higher than the prior comparative period.
Taking into account the once off impact of the BEE Transaction
on Cashbuild’s interim results, Cashbuild expects to announce
that basic, headline, diluted basic and diluted headline EPS,
for the six months to 31 December 2015, to be between 0% and 5%
higher than the prior comparative period.
The ranges are as follows:
Excluding the impact of the BEE transaction
- Basic EPS between 1,104.3c and 1,145.5c (31 December 2014:
824.1c – basic EPS);
- Headline EPS between 1,067.7c and 1,107.6c (31 December
2014: 796.8c – headline EPS);
- Diluted basic EPS between 1,093.6c and 1,134.4c (31 December
2014: 816.1c – diluted basic EPS); and
- Diluted headline EPS between 1,057.4c and 1,096.8c (31
December 2014: 789.1c – diluted headline EPS).
Statutory information (including the impact of the BEE
transaction)
- Basic EPS between 824.1c and 865.3c (31 December 2014:
824.1c – basic EPS);
- Headline EPS between 796.8c and 836.6c (31 December 2014:
796.8c – headline EPS);
- Diluted basic EPS between 816.1c and 856.9c (31 December
2014: 816.1c – diluted basic EPS); and
- Diluted headline EPS between 789.1c and 828.6c (31 December
2014: 789.1c – diluted headline earnings).
The abovementioned information has not been reviewed and
reported on by the company’s external auditors. The company’s
results for the six months ended on 31 December 2015 are expected
to be released on SENS on or about 1 March 2016.
Johannesburg
22 February 2016
Sponsor
Nedbank Corporate and Investment Banking
Date: 22/02/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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