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NEW FRONTIER PROPERTIES LIMITED - Suspension of Trading on the Stock Exchange of Mauritius and Granting of Extension of Time to Publish Results

Release Date: 20/12/2021 12:30
Code(s): NFP     PDF:  
Wrap Text
Suspension of Trading on the Stock Exchange of Mauritius and Granting of Extension of Time to Publish Results

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N0000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or the “Company”)

SUSPENSION OF TRADING ON THE STOCK EXCHANGE OF MAURITIUS (“SEM”) AND GRANTING OF
EXTENSION OF TIME TO PUBLISH RESULTS

Shareholders are advised that the Company will be suspended on SEM in accordance with the
provisions of Listing Rule 3.9(b) from close of business on 20 December 2021 for the late publication of its
Annual Financial Statements for the year ended 31 August 2020. The company remains suspended on
the JSE. The Company will be suspended for the same reason as their suspension on the JSE – for late
publication of results.

Following an application made to the SEM, the Company has obtained formal approval for an extension
of the deadline for publishing its accounts for the years ended 31 August 2020 and 31 August 2021 and
for the quarters ended 30 November 2020, 28 February 2021, 31 May 2021, 31 August 2021 and
30 November 2021 (“financial information”). The audit and publication of the results has been delayed
due to the rental trap of the cash flows of the subsidiaries as previously announced as well as the
resignation of the former auditors. Shareholders are advised that, given the extenuating circumstances,
the company has been granted a further extension by SEM until 30 June 2022 to publish and file the
relevant financial information, failing which the termination of the listing may be considered by the SEM
in accordance with Listing Rule 3.5(d).

The Company will become compliant with the SEM Rules and JSE Listings Requirements once the Annual
Financial Statements and Annual Reports for the years ended 31 August 2020 and 31 August 2021 have
been issued and published as well as the relevant quarterly and/or interim results for the various reporting
periods. The Company will then apply to the SEM and JSE for the lifting of the suspension in trade in its
securities.

New Frontier holds primary listings on the Official Market of the SEM and the Alternative Exchange of the
JSE.

By order of the Board
20 December 2021


This notice is issued pursuant to SEM Listing Rule 11.3, the JSE Listings Requirements and the Mauritian
Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the
information contained in this notice.

For further information please contact:
JSE Sponsor
AcaciaCap Advisors Proprietary Limited
+27 11 480 8500

Date: 20-12-2021 12:30:00
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