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SAN - Sanyati Holdings Limited - Voluntary suspension of the listing of the

Release Date: 23/05/2012 11:11
Code(s): SAN
Wrap Text

SAN - Sanyati Holdings Limited - Voluntary suspension of the listing of the company`s shares Sanyati Holdings Limited Incorporated in the Republic of South Africa Registration number: 1988/002538/06 Share code: SAN ISIN code: ZAE000081055 ("Sanyati" or "the Company") VOLUNTARY SUSPENSION OF THE LISTING OF THE COMPANY`S SHARES The attention of Sanyati shareholders is drawn to the cautionary announcement that was published on SENS and in the South African press on 10 May in which Sanyati shareholders were advised that the Company is in negotiations which may have a material impact on Sanyati`s share price. Sanyati shareholders are advised that these negotiations are on-going. Sanyati`s operations have been materially impacted by long outstanding and significant payments owing from certain government clients which has affected the Company`s liquidity. The primary objective of the negotiations is aimed at securing the necessary short term and long term funding requirements to overcome these major difficulties. In order to sustain shareholder value and provide management with the opportunity to finalise these negotiations, the executive directors have taken a decision to request the suspension of the listing of the Company`s shares on the JSE Limited with immediate effect. A further announcement in this regard will be made as soon as further information is available Bryanston 23 May 2012 Sponsor KPMG Services (Pty) Limited Date: 23/05/2012 11:11:01 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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