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TIGER BRANDS LIMITED - Trading Statement for the year ended 30 September 2019

Release Date: 22/05/2019 07:32
Code(s): TBS     PDF:  
Wrap Text
Trading Statement for the year ended 30 September 2019

TIGER BRANDS LIMITED
“Tiger Brands” or “the Company”
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080

TRADING STATEMENT FOR THE YEAR ENDING 30 SEPTEMBER 2019

Shareholders are hereby advised that, due to the unbundling of
the Company’s interest in Oceana Group Limited (Oceana), with
effect from 29 April 2019, a reasonable degree of certainty
exists that the total earnings per share (EPS) of the Company
for the year ending 30 September 2019, will be more than 20% (or
more than 291.5 cents) higher than the amount of 1 457.7 cents
per share reported in the previous year. The unbundling of the
Company’s interest in Oceana gave rise to an unrealised fair
value gain of R1 630.4 million through the income statement.
This gain has no impact on headline earnings per share as it has
been excluded for headline earnings purposes.

A further trading statement will be issued as soon as there is
a reasonable degree of certainty as to the likely range within
which the Company's earnings per share will increase compared
to the previous year.

The information above has not been reviewed or reported on by
the Company´s auditors.

Bryanston

22 May 2019

Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

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