KEL - Kelly Group Limited - Chief Executive`s News
JSE
KEL
KEL - Kelly Group Limited - Chief Executive`s Newsletter
Kelly Group Limited
(Formerly LogicalOptions Staffing (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1999/026249/06)
Share code: KEL
ISIN number: ZAE000093373
("the Kelly Group" or "the Company")
CHIEF EXECUTIVE`S NEWSLETTER
The abridged prospectus relating to the private placing of shares in the Kelly
Group was published on SENS earlier today, 13 March 2007.
While the private placing is limited to invited institutional investors,
selected private clients and retail investors only, market participants are
nevertheless advised that it will be disclosed during the private placing
roadshow that the Kelly Group`s revenue and EBITDA for the five months ended 28
February 2007 increased by 27% (from R613.0 million to R777.7 million) and 54%
(from R25.2 million to R38.8 million) respectively. These figures have not been
reviewed and reported on by the Company`s auditors. This information is being
made public in line with the general principles of the JSE Limited ("JSE")
Listing Requirements relating to the full, equal and timely public disclosure of
price-sensitive information.
The private placing will be followed by the listing of the Kelly Group on the
JSE on Tuesday, 3 April 2007. The Company will be listed in the "Support
Services - Business Training and Employment Agencies" sector under the
abbreviated name "Kelly".
The next major event on the Company`s calendar will be the publication of its
interim results for the six months to 31 March 2007, which is scheduled for the
latter half of May 2007.
Grenville Wilson
Chief Executive
Sandton
13 March 2007
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/03/2007 14:43:41 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
