87FZ Aeci 5 1/2% Prf

 
TIDM87FZ 
 
AECI LIMITED 
 
                (Incorporated in the Republic of South Africa) 
 
                     (Registration Number 1924/002590/06) 
 
                       Tax reference number: 9000008608 
 
                                Share code: AFE 
 
                              ISIN: ZAE000000220 
 
                               Share code: AFEP 
 
                              ISIN: ZAE000000238 
 
                            Bond company code: AECI 
 
                           LEI: 3789008641F1D3D90E85 
 
                   ("AECI" or "the Company" or "the Group") 
 
TRADING STATEMENT 
 
In compliance with the JSE Limited Listings Requirements, shareholders and 
bondholders are advised that for the financial year ended 31 December 2019 
("the period") AECI's earnings per share ("EPS") is expected to be between 1 
173 cents and 1 266 cents, that is between 25% and 35% higher than the 938 
cents reported for the financial year ended 31 December 2018 ("the prior 
corresponding period"). 
 
The expected increase in EPS is due mainly to the following: 
 
  * receipt of the proceeds from the sale of the Group's 50% shareholding in 
    Crest Chemicals Proprietary Limited to its joint venture partner, Brenntag 
    (Holding) BV (158c impact);  and 
  * receipt of the proceeds from the sale of a property in the second half of 
    the year (50c impact). 
 
Neither of the above transactions are included in the calculation for headline 
earnings per share ("HEPS"). 
 
HEPS is expected to be between 1 118 cents and 1 170 cents, that is between 7% 
and 12% higher than the 1 045 cents reported for the prior corresponding 
period. 
 
AECI is currently finalising its results for the period and it is expected that 
these will be released on the Stock Exchange News Service on or about Tuesday, 
25 February 2020. 
 
The financial information on which this trading statement is based has not been 
reviewed or audited by the Company's external auditor.  The information 
provided does not contain, and should not be construed as containing, any 
forward-looking statements or projections of any nature for the financial year 
ended 31 December 2019. 
 
Woodmead, Sandton 
 
14 February 2020 
 
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 
 
 
END 
 

(END) Dow Jones Newswires

February 14, 2020 08:00 ET (13:00 GMT)

Grafico Azioni Aeci 5 1/2% Prf (LSE:87FZ)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Aeci 5 1/2% Prf (LSE:87FZ)
Storico
Da Apr 2023 a Apr 2024