Go Back Email this Link to a friend


Wescoal Holdings Limited - Cautionary Announcement

Release Date: 18/01/2006 10:01:43      Code(s): WSL
Wescoal Holdings Limited - Cautionary announcement                              
Wescoal Holdings Limited                                                        
(previously known as "Abrina 724 Limited")                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 2005/006913/06)                                            
(JSE code: WSL ISIN: ZAE000069639)                                              
("Wescoal" or "the company")                                                    
CAUTIONARY ANNOUNCEMENT                                                         
Warning: The listing of ordinary shares in the company is on ALTx.  Investors   
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a       
company listed on ALTx.  In terms of the Listings Requirements, the company is  
obliged to appoint and retain a Designated Adviser, which is required to, inter 
alia, attend all board meetings held by the company to ensure that all the      
Listings Requirements and applicable regulations are complied with, approve the 
Financial Director of the company and guide the company in a competent,         
professional and impartial manner.  If the company fails to retain a Designated 
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its     
securities.  If a Designated Adviser is not appointed within 30 days of its     
suspension, the company faces the termination of its listing without the        
prospect of an appropriate offer to minority shareholders.                      
Shareholders are advised that the company has entered into negotiations, which  
if successfully concluded may have a material effect on the price of the        
company"s securities.  Accordingly, shareholders are advised to exercise caution
when dealing in the company"s securities until a full announcement is made.     
18 January 2006                                                                 
Johannesburg                                                                    
Designated Adviser                                                              
Exchange Sponsors                                                               
Date: 18/01/2006 10:01:47 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.