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TRADING STATEMENT UPDATE
EMIRA PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number 2014/130842/06)
JSE share code: EMI ISIN: ZAE000203063
JSE Interest Rate Issuer Code: EMII
(Approved as a REIT by the JSE)
(“Emira” or “the Company”)
TRADING STATEMENT UPDATE
Emira uses distribution per share (“DPS”) as its relevant measure of financial performance. In terms of
the Listings Requirements of the JSE Limited, the Company is required to publish a trading statement
as soon as it becomes reasonably certain that the DPS for the next period to be reported on will differ
by at least 15% from that of the prior corresponding period.
Shareholders are referred to the announcement released by Emira on SENS on 25 June 2020, in which
the Company advised that it expected its distributable earnings for the current financial year, which
indicates the DPS, to decrease by at least 15% (R118 million) when compared to the distributable
earnings for the financial year ended 30 June 2019.
Shareholders are now advised that the Company expects its distributable earnings for the current
financial year to be R671.9 million, which is a decrease of 15.2% when compared to distributable
earnings for the financial year ended 30 June 2019.
The Company’s board of directors (“the Board”) is contemplating the magnitude of its distribution for
the second half of the financial year ended 30 June 2020. The DPS for the six months ended 30 June
2020, and therefore the aggregate DPS for the full financial year ended 30 June 2020, will be announced
as soon as possible after the Board’s decision in this regard, but by no later than Monday, 31 August
2020, concurrently with the publication of the Company’s results for the for the financial year ended
30 June 2020.
The contents of this announcement and the financial information on which it has been based have not
been reviewed, audited or reported on by the Company’s auditors.
Bryanston
28 August 2020
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 28-08-2020 01:20:00
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