Inmins - Trading Statement
INMINS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1969/004321/06)
Share code: INM ISIN: ZAE000003588
(`Inmins` or `the company`)
TRADING STATEMENT, PROPOSALS AND CAUTIONARY ANNOUNCEMENT
1. Shareholders are advised that the company`s earnings for the year ending
30 September 2004 are expected to be on a par with those for the comparative
period. However, due to the decreased number of shares in issue because of the
share repurchase in the previous comparative period, earnings per share and
headline earnings are expected to be up by about 10%.
These projected results for the year to 30 September 2004 on which this
trading statement is based have not been reviewed or reported on by the
auditors of the company.
2. The boards of directors of Inmins and its holding company, Winhold
Limited (collectively `the Winhold Group`) are considering proposals which, if
implemented, may have a material effect on the share price of Inmins.
The proposals comprise the following elements:
- the restructure of the Winhold Group leading to one listed entity;
- an odd lot offer to the shareholders of the remaining listed entity in
order to reduce the disproportionate costs of servicing a multiplicity of
small shareholders.
It is anticipated that the format and timing of these proposals will be
formulated in the near future.
3. Shareholders are accordingly advised to exercise caution when dealing in
the company`s shares until further announcements are made regarding the
proposals referred to in paragraph 2 above.
By order of the board
Winhold Limited
Company Secretaries
per: DJ de Villiers
Germiston
26 July 2004
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Date: 26/07/2004 05:16:01 PM Produced by the JSE SENS Department
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