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JSE
JSE
JSE - JSE - Trading statement
JSE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
Share Code: JSE
ISIN Code: ZAE000079711
("JSE")
TRADING STATEMENT
Stakeholders are advised that the consolidated earnings and headline
earnings per share of the JSE Limited Group ("Group") for the year ended 31
December 2006 ("the period")are expected to be marginally higher than the
previous reporting period. Although a trading statement is not required in
terms of the JSE Listings Requirements, the JSE believes that the
information set out below will assist stakeholders in obtaining a better
understanding of the Group`s financial performance for the period.
The consolidated earnings and headline earnings per share for the Group for
the period have been impacted by a number of events, including those
approved by the shareholders in General Meeting on 9 May 2006.
Some of these events include:
- the robust world equities market performance resulting in an increase
in consolidated revenue of between 53% and 63% for the period;
- the issue of JSE shares to the JSE Empowerment Fund Trust (JEF) under
the Broad-based Black Economic Empowerment ("BEE") initiative approved
by JSE shareholders. These costs amount to approximately R18 million
with the issue of the first tranche in June 2006. Due to the robust
trading conditions in the second half of the year, the Board agreed to
issue half of the remaining tranche of shares to JEF at a cost of R21
million in November 2006;
- the grant of the first tranche of options in terms of the Black
Shareholder Retention Scheme with effect from June 2006, which Scheme
forms part of the Broad-based BEE initiative approved by JSE
shareholders. These costs amount to approximately R28 million for the
year;
- the mark to market of the participation interests issued under the
Employee Scheme approved by JSE shareholders. These costs amount to
approximately R31 million for the year; and
- the payment of a special dividend of 68.2 cents per share in December
2006. This cost amounts to R65 million (inclusive of Secondary Tax
Companies).
Stakeholders are advised that the information provided in this trading
statement has not been reviewed and/or reported on by the auditors.
Gary Clarke
Company Secretary
Sandton
12 January 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/01/2007 09:10:01 Produced by the JSE SENS Department.
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