ZXORE- Material or price sensitive information – near term earnings
25 February 2022
Name of Issuer Orion Real Estate Limited
Country of Incorporation Republic of South Africa
Registration Number 1997/021085/06
ISIN Number ZAEZ00000067
Share Code ZXORE
Material or price sensitive information – near term earnings
In accordance with paragraph 188.8.131.52 of the ZAR X Listings Requirements, shareholders are hereby advised that a reasonable degree of certainty exists that the Basic Earnings per share for the six months ended 31 December 2021 will be approximately 42.8% lower than for the comparative six-month period ended on 31 March 2021. Shareholders are reminded that the Company changed its year end from September to June.
The decreased Basic Earnings per share is primarily due to rental concessions and increased costs associated with the implementation of covid protocols. These are mostly considered once-off in nature and the Company continues to experience sustainable growth, expecting an improvement in the next six months due to lower vacancies and new tenants.
Orion expects to publish its financial results for the six months ended 31 December 2021 on or about 28 February 2022.
BY ORDER OF THE BOARD
AcaciaCap Advisors Proprietary Limited
Johannesburg25 February 2022