Peregrine - Trading Statement, Black Empowerment T
Peregrine - Trading Statement, Black Empowerment Transaction And Cautionary
Peregrine Holdings Limited
(Registration number 1994/006026/06)
("Peregrine" or "the company")
JSE code: PGR
ISIN code: ZAE000015152
TRADING STATEMENT, BLACK EMPOWERMENT TRANSACTION AND CAUTIONARY ANNOUNCEMENT
Trading statement
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa ("the JSE") and further to the trading statement dated 5 August 2005,
shareholders are advised that, in respect of the six month period ending 30
September 2005:
- headline earnings per share are expected to be between 75% and 95% higher
than for the six month period ended 30 September 2004 (published headline
earnings per share for such six month period were 18,3 cents);
- as a result of a non-recurring capital receipt, earnings per share are
expected to be between 140% and 160% higher than the adjusted earnings per share
for the six month period ended 30 September 2004 (earnings per share for such
six month period, adjusted for the amortisation of goodwill, were 19,1 cents);
This trading update does not take into account changes in accounting policies
arising from the adoption of International Financial Reporting Standards which
changes will be fully taken into account in the unaudited results for the six
month period ending 30 September 2005 (expected to be released during the first
week of November 2005).
The information on which the above trading statement has been provided has not
been reviewed or reported on by the company"s auditors.
Black empowerment transaction and cautionary announcement
Shareholders are advised that Peregrine has entered into negotiations with
regard to a proposed Broad-Based Black Economic Empowerment ("BEE") transaction.
The transaction will result in the identified BEE partners acquiring 15% of the
issued ordinary share capital of Peregrine. It is envisaged that the shares
required to implement the transaction will be acquired pro rata from each
shareholder at a discount to the closing market price as at 29 September 2005.
Accordingly, shareholders are advised to exercise caution when dealing in the
company"s shares until a further announcement is made.
Sandton
29 September 2005
Sponsor
Java Capital (Proprietary) Limited
Date: 30/09/2005 07:44:15 AM
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