TONGAAT HULETT SHARES SUSPENDED FROM TRADING
19 Jul 2022
The JSE today notified Tongaat Hulett of its decision to suspend trading in the Company’s shares.
On 15 July 2022, Tongaat advised shareholders that it had voluntarily approached the JSE and requested a temporary suspension of the Company’s shares due to delays in the publication of the Provisional 2022 Financial Statements and the Audited 2022 Financial Statements.
The JSE declined the request to voluntarily suspend the share. They advised that the basis for suspending trade would be non-compliance with sections 3.16 and 3.17 of the Requirements in respect of the timeous publication and dissemination of provisional results. The JSE also cited Tongaat’s confirmation that it cannot comply with sections 3.19 and 3.23 of the Requirements, as the Company will not publish its annual integrated report by the due date of 30 July 2022.
The suspension has no material impact on the company’s financial stability or its business operations.
The Company expects trading in its shares to be reinstated once financial results are published.