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Trading Statement for the six-month period ended 31 March 2024
NAMPAK LIMITED
Registration number 1968/008070/06
Incorporated in the Republic of South Africa
Share Code: NPK ISIN: ZAE000322095
Share Code: NPP1 ISIN: ZAE000004966
Share Code: NPKP ISIN: ZAE000004958
LEI: 3789003820EC27C76729
("Nampak" or "the group" or "the company")
TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 31 MARCH 2024
Nampak is in the process of finalising its unaudited interim results for the period ended 31 March 2024
("the period" or "HY24"). In terms of the JSE Listings Requirements, shareholders are advised that
Nampak is satisfied that a reasonable degree of certainty exists that the financial results for the period
to be reported upon will differ by at least 20% from 31 March 2023 ("the prior period" or "HY23").
As a consequence of the share consolidation and rights offer the weighted average number of shares
("WANS") in issue for HY23 has been re-presented from 627 822 506 to 2 968 572 in terms of IAS 33:
Earnings per Share. The WANS for HY24 is 8 277 921.
During the period the group has classified various assets as held for sale and discontinued operations
further to the stage of completion of the asset disposal programme that commenced in August 2023.
Continuing Operations
The change in headline earnings per share ("HEPS") and headline loss per share ("HLPS") and
earnings per share ("EPS") and loss per share ("LPS") for the group for the period are expected to be
as follows:
- HEPS of between 4 700.0 cents and 5 500.0 cents compared to a HLPS of 11 027.3 cents in HY23;
and
- EPS of between 4 600.0 cents and 5 400.0 cents compared to a LPS of 31 043.7 cents in HY23.
Total Operations
The change in headline earnings per share ("HEPS") and headline loss per share ("HLPS") and loss
per share ("LPS") for the group for the period are expected to be as follows:
- HEPS of between 3 000.0 cents and 3 400.0 cents compared to a HLPS of 11 524.1 cents* in
HY23; and
- LPS of between 1 050.0 cents and 1 250.0 cents compared to a LPS of 83 882.1 cents* in HY23,
an increase of 99%.
*Comparative LPS and HLPS in HY23 have been re-presented in accordance with the application of
IFRS 5: Assets Held for Sale and Discontinued Operations. In addition, the impact of the share
consolidation and rights offer that occurred in September 2023 have also resulted in re-presented
comparative WANS.
Consequent to the share consolidation and rights offer, the per share information from total operations
for 31 March 2023 has been re-presented as follows:
Total Operations Published Re-presented
HLPS 54.5 cents 11 524.1 cents
LPS 396.6 cents 83 882.1 cents
The most salient first half performance drivers include a step change in performance of the continuing
operations, a highly effective cost reduction program, lower forex losses, improved working capital
management and pleasing progress on asset disposals. Lower impairments benefitted EPS/LPS.
The information contained in this trading statement has not been reviewed or reported on by the
company's external auditors. Nampak expects to release its unaudited interim results on or about
Friday, 28 June 2024.
Bryanston
20 June 2024
Sponsor: PSG Capital
Date: 20-06-2024 07:30:00
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