SOUTH AFRICAN COAL MINING HLDGS LTD - LIFTING OF SUSPENSION OF SHARES ON JSE

LIFTING OF SUSPENSION OF SHARES ON JSE



South African Coal Mining Holdings Limited

(Incorporated in the Republic of South Africa)

Registration number 1994/009012/06

Share code: SAH ISIN: ZAE000102034

(SACMH or the company or the group)


 

LIFTING OF SUSPENSION OF SHARES ON JSE

 


The trading of shares of the company on the JSE Limited (JSE) 

was suspended on 2 May 2012 due to the following reasons:


(a)	It failed to comply with the JSEs Listings Requirements by 

not submitting the Provisional Results of the company for 

the financial year ended 31 December 2011 within the 

required three month period after year-end.


(b)	The Provisional Results were released on 5 June 2012 with a 

disclaimed audit opinion by Deloitte & Touche on a material 

uncertainty on the valuation of minerals and the companys 

ability to continue as a going concern.


On 6 July 2012 Deloitte & Touche released a revised review of its 

opinion and issued an unmodified audit opinion with an emphasis 

of matter regarding the going concern status of the group, 

details of which were published in the Revised Reviewed 

Provisional Annual Results for the year ended 31 December 2011 

which were released on SENS on 10 July 2012.


On 17 July 2012 a No Change Statement and Notice of Annual 

General Meeting was released on SENS and the Annual Reports 

posted to shareholders.


On 17 July 2012 the company applied to the JSE for the lifting of 

the suspension of the companys shares on the JSE. The JSE 

approved the application on 20 July 2012. It is anticipated that 

the lifting of the suspension will be effected at the 

commencement of trading on Tuesday, 24 July 2012.



23 July 2012

Johannesburg


Sponsor 

Exchange Sponsors (2008) (Pty) Ltd

1



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