In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period.
Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that the Company expects to report:
– a loss and headline loss per share of between 15.28 cents and 18.48 cents, being an
improvement of between 52.25% (16.72 cents) and 42.25% (13.52 cents) for the year
ended 31 December 2024, compared to the loss and headline loss per share of 32.00
cents reported for the year ended 31 December 2023.
The reason for the improvement in the current reporting period is mainly due to less legal
expenditure incurred.
The information contained in this trading statement has not been reviewed or reported on by the Company’s external auditors. R&E expects to release its financial results for the year
ended 31 December 2024 on or about 28 March 2025.
Johannesburg
13 March 2025
Sponsor
PSG Capital