Johannesburg – KAP Industrial Holdings [JSE:KAP] has
acquired the industrial assets of Steinhoff Africa Holdings in a reverse
acquisition‚ in which Kap issued 1‚912.8-million shares to Steinhoff with
effect from April 2 2012‚ Steinhoff said in a trading statement on Tuesday.
It said Steinhoff Industrial Assets was treated as the
acquirer and KAP as the acquiree.
As a result of this transaction KAP’s fully diluted earnings
per share for the six months to end-December 2012 will be 25%-35% higher than
the 11.9c of the year-earlier six-month period and KAP’s fully diluted headline
earnings per share for the six months ended December 31 2012 will be between
15% and 25% higher than the previous six months (2011: 11.8c per share).
The results for the six months ended December 31 2012 are
expected to be published on or about February 18.
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