GAIA INFRASTRUCTURE CAPITAL LIMITED - Trading statement
Trading statement
Gaia Infrastructure Capital Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/115237/06)
ISIN: ZAE000210555
JSE code: GAI
(“GAIA” or “the Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, GAIA's shareholders
are hereby advised that the Company and its directors have reasonable certainty that for the period
ended 29 February 2020:
• the tangible net asset value ("TNAV") per share of the Company is expected to be between R10.53
and R10.95, representing an increase of between 1.1% and 5.1% compared to the TNAV per share of
R10.42 reported for the period ended 28 February 2019. The expected increase in the TNAV over the
reporting year is as a result of an increase in the fair value of the investments held by the Company;
and
• earnings and headline earnings per share for the period ended 29 February 2020 are expected to
be between 70.5 cents and 72.8 cents per share, being an increase of between 25.7% and 29.7%,
compared to earnings and headline earnings per share of 56.09 cents per share reported for the
period ended 28 February 2019. The increase in earnings is primarily as a result of the net gain from
financial assets measured at fair value.
The estimate financial information on which this trading statement is based has not been reviewed
and reported on by GAIA's external auditors. The financial results for the period ended 29 February
2020 are expected to be published on SENS by no later than 30 July 2020.
Johannesburg
21 July 2020
Sponsor
Sasfin Capital (a member of the Sasfin Group)
Date: 21-07-2020 08:43:00
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