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RNG
RNG
RNG - Randgold & Exploration Company Limited - Trading statement
Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
("R&E")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it is satisfied that a
reasonable degree of certainty exists that the financial results for the
financial period to be reported on next will vary by 20% or more from those of
the previous comparable period.
Shareholders are hereby advised that a reasonable degree of certainty exists
that earnings per share of R&E for the six month period ended
30 June 2010 will be between 1050 and 1105 cents per share greater than the
comparative unaudited earnings per share of 1 cent per share for the six months
ended 30 June 2009. Furthermore shareholders are advised that the headline
earnings per share for the six months ended 30 June 2010 will exceed the
unaudited headline earnings per share of 1 cent per share for the prior
corresponding period, being the six months ended 30 June 2009, by between 1068
and 1124 cents per share.
Key elements of the increased revenue relate to the receipts of settlement Gold
Fields shares and JCI Limited ("JCI") shares from JCI in terms of the settlement
concluded between R&E, JCI and JCI Investment Finance (Pty) Limited, as well as
the litigation settlement agreement.
The financial information on which this trading statement is based has not yet
been reviewed and reported on by KPMG, the company`s auditors. The results for
the interim reporting period ending on 30 June 2010 are expected to be published
on or about 1 August 2010.
By order of the Board
Johannesburg
21 July 2010
Sponsor
PSG Capital
Date: 21/07/2010 07:05:02 Produced by the JSE SENS Department.
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