JSE LIMITED - GEN Bonatla Property Holdings Limited Public censure imposed by the JSE on Bonatla Property Holdings Limited

GEN – Bonatla Property Holdings Limited – Public censure imposed by the JSE on Bonatla Property Holdings Limited

GEN – Bonatla Property Holdings Limited – Public censure imposed by the JSE on Bonatla
       Property Holdings Limited


       The JSE Limited ("JSE") wishes to advise the following concerning certain findings by the
       JSE in respect of Bonatla Property Holdings Limited (“Bonatla” or the “Company”):


       1. The JSE has found Bonatla to be in breach of:
               a. paragraph (ii) of the General Principles of the JSE Listings Requirements
                   (“LR”) for causing the JSE to lift the suspension of Bonatla securities on the
                   JSE when it was not appropriate to do so;
               b. Paragraph (iii) of the General Principles of the LR for failing to ensure full
                   and timeous public disclosure regarding the activities of the Company that
                   are price sensitive;
               c. Paragraph (v) of the General Principles of the LR for failing to authenticate
                   the veracity of the statements which formed the basis of the JSE’s decision
                   to lift the suspension of Bonatla’s securities;
               d. Paragraph (vii) of the General Principles of the LR for disregarding the
                   standards of disclosure needed to promote investor confidence in the
                   market and in the Company; and
               e. Paragraph 3.4(a) of the LR for failing to publish a clear and precise
                   announcement as soon as the Company became aware of the unsuccessful
                   transfer of the relevant properties as it formed the basis of the JSE’s
                   decision to lift the suspension of Bonatla’s securities.


       2. The JSE has decided to impose this public censure on Bonatla in relation to the
           above-mentioned breaches of the LR.
       3. The JSE’s decision is based on:
               a. The fact that Bonatla misled the JSE by providing the regulator with written
                   undertakings that it had fulfilled all the criteria for listing thereby causing
                   the JSE to lift the suspension of Bonatla securities in August 2009;
               b. Bonatla’s failure to inform the JSE of material events and information
                  affecting the status of its listing on the JSE as soon as it became aware
                  thereof or at any time thereafter, which information formed the basis of the
                  JSE’s decision to lift the suspension of Bonatla’s securities.




Sandton
30 March 2015

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