Schamin - Trading Statement And Resignation Of Director
SCHARRIG MINING LIMITED
INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA
REGISTRATION NUMBER 1992/001973/06
SHARE CODE: SCN ISIN: ZAE000006474
(`SCHAMIN` OR `THE COMPANY`)
TRADING STATEMENT AND RESIGNATION OF DIRECTOR
Trading statement
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa (`JSE`) a listed company is required to publish a trading statement as
soon as it becomes aware that the financial results for the next period to be
reported on will differ by at least 20% or more from those of the previous
corresponding period.
Schamin is expecting an increase of between 100% and 120% in earnings per share
and in headline earnings per share for the interim period ended 30 September
2004 (`the interim results`) compared to that of the comparative period. This is
mainly as a result of an increase in turnover generated by the company.
The information in this trading statement has not been reviewed or reported on
by Schamin`s auditors. The interim results announcement is expected to be
published on or about 10 November 2004.
Resignation of director
In terms of 3.59 of the JSE Listings Requirements, shareholders are advised that
AJ Reinecke has resigned from the board of directors with effect from 18 October
2004.
Boksburg
19 October 2004
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 19/10/2004 05:00:25 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
