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JSE LIMITED - Amendments to the JSE Listings Requirements in relation to Press Announcements

Release Date: 02/08/2012 07:05
Code(s): JSER     PDF:  
Wrap Text
Amendments to the JSE Listings Requirements in relation to Press Announcements

GEN – General – Amendments to the JSE Listings Requirements in relation to Press Announcements


Paragraphs 3.46 – 3.48 of     the   JSE   Listings   Requirements   deal   with   the   publication   of
announcements in the press.

The current Issuer dissemination regime requires Main Board Issuers to publish all announcements
as required by the Listings Requirements via electronic medium through the Stock Exchange News
Service (“SENS”) and to publish certain announcements in the press (newspapers) by way of a paid
advertisement.

The JSE refers to its announcement released on SENS dated 25 May 2012 and the public
consultation document posted on the JSE website in relation to the introduction of short-form
announcements in the press.

The public consultation period expired on 29 June 2012 and the JSE has considered each and every
comment provided in relation to the introduction of short-form announcements in the press. The
JSE wishes to report that certain amendments were made to the introduction of short-form
announcements as a result of the comments received. These amendments were made to facilitate and
clarify short-form announcements in the press and are not considered to be material in nature.

The JSE disclosed all comments received through the public consultation process to the Financial
Services Board (the “FSB”) and reported the amendments above, its findings and conclusions of
the public consultation process accordingly on 31 July 2012. The FSB raised no objections in
respect of the introduction of short-form announcements in the press.

In accordance with section 11 of the Securities Services Act No. 36 of 2004 (the “SSA”), the JSE
may amend the Listings Requirements in consultation with the registrar as defined in the SSA.
This process has now been concluded and the JSE wishes to advise market participants and all
stakeholders that the JSE will implement the proposed amendments to the Listings Requirements
with effect from 1 January 2013.

The JSE will publish a notice on its website on Thursday, 2 August 2012 which will highlight the
above amendments to short-form announcements as a result of the public consultation process. The
relevant Bulletin to the Listings Requirements will be released on Monday, 3 September 2012
which will formalise the amendments to the Listings Requirements.


1 August 2012

Date: 02/08/2012 07:05:00 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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