JSE Sens
GEN – General - Removal of Listing Announcement - ATI
2024/06/20 13:34:00Download PDF Stock report
GEN – General - Removal of Listing Announcement - ATI
GEN – General - Removal of Listing Announcement - ATI
AFRISTRAT INVESTMENT HOLDINGS LIMITED (THE 'ISSUER')
ISIN: ZAE000305959 SHARE CODE: ATI
ISIN: ZAE000288882 SHARE CODE: ATID
ISIN: ZAE000288890 SHARE CODE: ATIG
ISIN: ZAE000305454 SHARE CODE: ATIFX7
ISIN: ZAE000305934 SHARE CODE: ATIFX8
ISIN: ZAE000305926 SHARE CODE: ATIFX9
ISIN: ZAE000305462 SHARE CODE: ATIZR3
Removal of Listing Announcement
The Issuer has a primary listing on the Main Board of the Johannesburg Stock Exchange ('JSE') and
listed various securities on the JSE. On 5 August 2022, the Issuer was suspended from trading on the
JSE in terms of paragraph 1.6 of the JSE Listings Requirements ('the Requirements'), due to the
company's failure to submit its provisional report. This also resulted in the listing of its debt securities
being suspended in terms of 1.9(a) of the Debt Listings Requirements ('the Debt Requirements').
In terms of paragraph 1.8 of the Requirements 'If a listing is suspended and the affected applicant
issuer fails to take adequate action to enable the JSE to reinstate the listing within a reasonable period
of time, the JSE may remove the listing in accordance with the procedure set out below'.
Based on the failure of the Issuer to remedy the various non-compliances since its suspension on 5
August 2022, the JSE advised the Issuer that it is considering the removal of the Issuer's listing at the
instance of the JSE pursuant to section 12(2) of the Financial Markets Act no. 19 of 2012, section 1.12
and 1.13 of the Requirements.
The JSE provided the Issuer with the opportunity to make written representations as to why the
removal of the Issuer should not be effected. After careful consideration of the representations by the
Issuer, the JSE informed the Issuer that it has decided to remove the Issuer's listing and advised the
Issuer of its right to appeal the decision pursuant to paragraph 1.5 of the Requirements. The Issuer
did not appeal the decision.
Accordingly, shareholders, preference shareholders and noteholders are advised that the Issuer's
listing and the listing of the Issuer's various securities will be removed from the commencement of
business on Monday, 1 July 2024 and that they will remain shareholders, preference shareholders and
noteholders in an unlisted company. Accordingly, the last day to trade (off-market) will be Tuesday,
25 June 2024 and the record date will be Friday, 28 June 2024.
Thursday, 20 June 2024
Date: 20-06-2024 01:34:00
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