To view the PDF file, sign up for a MySharenet subscription.

ABK - African Brick Centre - Renewal of cautionary announcement

Release Date: 15/12/2011 11:44
Code(s): ABK
Wrap Text

ABK - African Brick Centre - Renewal of cautionary announcement AFRICAN BRICK CENTRE LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1999/006214/06) (Share Code: ABK) (ISIN: ZAE000105169) ("African Brick" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT African Brick shareholders are referred to the cautionary announcement released on the Securities Exchange News Service of the JSE Limited on 3 November 2011 relating to a Notice of Intention ("Notice of Intention") by the Department of Environmental Affairs ("DEA") to issue a compliance notice in terms of Section 31L of the National Environmental Management Act, 1998 (Act 107 of 1998)("NEMA"), a directive in terms of section 28(4) of NEMA and a directive in terms of Section 31A of the Environment Conservation Act (Act 73 of 1989,in respect of its alleged failure to comply with the provisions of the Law. On 31 October 2011, African Brick responded to the DEA in writing with its representations not to issue the Compliance Notice and further directives as it believes that the interpretation of the analysis done by the DEA`s advisors is not in line with the National Nuclear Regulator Safety Standards and Regulatory Practices. There have been no further developments; however, if the Notice of Intention is implemented by the DEA, this may have a material effect on the operations of the Company and the price of the Company`s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company`s securities, until a further announcement is made. Johannesburg 15 December 2011 Designated Advisor Grindrod Bank Limited Date: 15/12/2011 11:44:01 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.

Share This Story