This short form announcement is the responsibility of the board of directors of ARM (the "Board") who acknowledge their responsibility to ensure the integrity of the provisional results.
African Rainbow Minerals Limited announces a change to the Board of Directors.
The ARM Board of Directors (the Board) announces a 13% increase in headline earnings to R2 201 million (R11.49 per share) for the six months ended 31 December 2018 (1H F2018: R1 945 million or R10.23 per share) and declares an interim dividend of 400 cents per share (1H F2018: 250 cents per share).
In terms of paragraph 3.4(b) 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 period to be reported on next will differ by at least 20% from those of the previous corresponding period.
The shareholders of ARM are advised that at the annual general meeting of Shareholders ("Annual General Meeting") held on Friday, 7 December 2018, in terms of the notice of Annual General Meeting distributed to Shareholders on 30 October 2018, all of the resolutions tabled were passed by the requisite majority of votes cast by Shareholders present in person or represented by proxy.
Shareholders are advised that the audited 2018 Annual Financial Statements contain the following modification to the reviewed consolidated provisional financial statements for the year ended 30 June 2018 released on the Stock Exchange News Service (SENS) of the JSE Limited on Friday, 7 September 2018.
Shareholders are advised that the Company's 2018 Integrated Annual Report (which includes the Notice of Annual General Meeting) and the 2018 Annual Financial Statements were distributed to shareholders on 30 October 2018.
The ARM Board of Directors (the Board) announces headline earnings of R4 814 million for F2018 (F2017: R3 196 million) which include a net fair value gain of R977 million as a result of the ARM Coal debt restructure. Excluding this fair value gain, headline earnings are 20% higher driven mainly by improved headline earnings from the manganese division, Modikwa Mine and the PCB operations.
In terms of paragraph 3.4(b) 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 period to be reported on next will differ by at least 20% from those of the corresponding period.
Provisional results for the year ended 30 June 2019
(PDF - 2.98MB)
Provisional results for the year ended 30 June 2018 (PDF - 1.7MB)
Interim results for the six months ended 31 December 2017 (PDF - 1.7MB)
JSE: ARI
14102 -3.47%
Last updated at: 14:41
| Rand/US$ | 14.81 | 0.02% |
| Platinum | 903.10 | 0.23% |
| Palladium | 1662.25 | -0.64% |
| Rhodium | 5300.00 | 1.92% |
| Copper | 5762.00 | 1.12% |
| Nickel | 17990.00 | 1.50% |
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