JSE
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JSE - JSE Limited - Revised Trading Statement
JSE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
Share Code: JSE
ISIN Code: ZAE000079711
("JSE")
REVISED TRADING STATEMENT
As an update to the Trading Statement issued to Stakeholders on 12 January 2007,
Stakeholders are advised that the EPS and HEPS of the JSE Limited Group
("Group") for the year ended 31 December 2006 ("the period") are now expected to
be between 31% and 35% and 29% and 33% higher than the previous reporting
period, respectively.
This revision stems from the audit of the cost of the first tranche of options
in terms of the Black Shareholder Retention Scheme. After taking into account
the International Financial Reporting Standard ("IFRS"), IFRS 2 - Share Based
Payments, the equity settled options are required to be measured and expensed at
the market value at the time of grant, which is R12 million. These costs were
previously expected to amount to approximately R28 million, based on a year-end
valuation rather than a grant date valuation.
The estimate of the deferred tax calculation has also been updated and can only
be established with accuracy once the audit of the financial information has
reached an advanced stage. Details will be included in the results announcement
for the year ended 31 December 2006, expected to be released on or about 13
March 2007.
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
23 February 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/02/2007 14:05:01 Produced by the JSE SENS Department.
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