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JCD - JCI Limited - Update regarding JCI`s annual financial statements for the

Release Date: 03/05/2011 17:36
Code(s): JCD KRHT
Wrap Text

JCD - JCI Limited - Update regarding JCI`s annual financial statements for the years ended 31 March 2005 - 31 March 2010 JCI LIMITED (Incorporated in the Republic of South Africa) Registration number 1894/000854/06) Share Code : JCD ISIN: ZAE0000039681 (Suspended) ("JCI" or "the Company") UPDATE REGARDING JCI`S ANNUAL FINANCIAL STATEMENTS FOR THE YEARS ENDED 31 MARCH 2005 - 31 MARCH 2010 Further to the SENS announcement of 29 March 2011, JCI wishes to advise that it and IFA Boschendal Investments (Pty) Ltd, the two shareholders in Boschendal (Pty) Ltd ("Boschendal"), which is JCI`s largest asset, are in negotiations. As a result of these negotiations, Boschendal is unable to finalise its annual financial statements which has resulted in JCI being unable to finalise its annual financial statements. Consequently JCI will not be able to post its financial statements on 3 May 2011. Shareholders will be advised of the date of posting of its financial statements and the date of the JCI annual general meeting as soon as these can be determined. Shareholders are referred to the cautionary announcement dated 11 March 2011 and are advised that the negotiations referred to therein are continuing. Shareholders are advised to exercise caution when dealing in JCI shares until a further announcement is made. 3 May 2011 Johannesburg Sponsor Investec Bank Limited Date: 03/05/2011 17:36:20 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.