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Tongaat Hulett Limited (JSE:TON) News - Temporary suspension of listing of Tongaat shares on the JSE Limited
TONGAAT HULETT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1892/000610/06
Share code: TON
ISIN ZAE000096541
(“Tongaat Hulett” or “Company”)
TEMPORARY SUSPENSION OF LISTING OF TONGAAT SHARES ON THE JSE LIMITED
Tongaat Hulett wishes to advise shareholders that the JSE has informed the Company of its
decision to suspend the listing of the Company’s securities with effect from 20 July 2022. The
JSE indicated that the suspension will however not be a result of the Company’s request for
a voluntary temporary suspension, as announced on SENS on 15 July 2022.
The JSE’s decision was rather based on the Company’s failure to comply with sections 3.16
and 3.17 of the JSE Listings Requirements (“Requirements”) in respect of the timeous
publication and dissemination of its provisional results and the fact that the Company has
confirmed that it is unable to comply with section 3.19 and 3.23 of the Requirements in that it
will not publish its integrated annual report on the due date, being 30 July 2022.
Tongaat Hulett continues to make every effort to finalise its restructuring plan, on which the
publication of the provisional results and integrated annual report depend, as soon as possible.
The Company contemplates applying to the JSE for the temporary suspension to be lifted as
soon as is responsibly possible after the release of the annual financial statements for the
financial year ended 31 March 2022. Tongaat Hulett’s business operations will continue in the
normal course notwithstanding the suspension of the listing of the Company’s shares.
Tongaat
19 July 2022
Sponsor
PSG Capital
Date: 19-07-2022 05:02:00
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