General SENS Submitter Company - GEN General - Removal of Listing Announcement - WEA

GEN – General - Removal of Listing Announcement - WEA

GEN – General - Removal of Listing Announcement - WEA
W G WEARNE LIMITED (THE "ISSUER")
ISIN: ZAE000078002
JSE SHARE CODE: WEA


Removal of Listing Announcement


The Issuer has a primary listing on the Mainboard of the Johannesburg Stock Exchange ("JSE"). On 2
July 2018, 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.


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 2
July 2018, 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 and section
1.12 and 1.13 of the Requirements.


The JSE provided the Issuer with 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 ("the Removal Decision")
and advised the Issuer of its right to appeal the Removal Decision pursuant to paragraph 1.5 of the
Requirements (the "appeal"). The Issuer did not appeal the decision.


Accordingly, shareholders are advised that the Issuer's listing will be removed from the
commencement of business on Tuesday, 28 November 2023 and that they will remain shareholders
in an unlisted company. Accordingly, the last day to trade (off-market) will be Wednesday, 22
November 2023 and the record date will be Monday, 27 November 2023.


Tuesday, 21 November 2023

Date: 21-11-2023 05:04:00
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