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HUG - Huge - Censures Imposed On Huge Group Limited And Messrs James Herbst And

Release Date: 12/11/2009 15:27
Code(s): HUG
Wrap Text

HUG - Huge - Censures Imposed On Huge Group Limited And Messrs James Herbst And Anton Potgieter ("Herbst and Potgieter") By The Johannesburg Stock Exchange Limited ("JSE") HUGE GROUP LIMITED (incorporated in the Republic of South Africa) (Registration number 2006/023587/06) Share code: HUG & ISIN: ZAE000102042 ("Huge" or "the company") CENSURES IMPOSED ON HUGE GROUP LIMITED AND MESSRS JAMES HERBST AND ANTON POTGIETER ("Herbst and Potgieter") BY THE JOHANNESBURG STOCK EXCHANGE LIMITED ("JSE") Shareholders are referred to the announcement released by the JSE at 10:15am on Thursday, 12 November 2009, wherein the JSE issued a public censure of the company, and Herbst and Potgieter, and imposed fines on each of Herbst and Potgieter. The board of directors of the company wishes to stress the following: - the matter with regard to the Company is now closed as the censure has been received; - no fine has been imposed on the company; - there will be no costs to the company in terms of the fines imposed on Herbst and Potgieter; and - Herbst and Potgieter have the full support of the board of the company with regard to a possible appeal, and there will be no costs to the company should Herbst and Potgieter take the matter on appeal. The board of directors are pleased that this matter has finally reached resolution, and now wishes to put the matter behind the company, and focus on the day-to-day running and building of the business of Huge Group Limited. Woodmead 12 November 2009 Designated Advisor Arcay Moela Sponsors (Pty) Limited Date: 12/11/2009 15:27:01 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.

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