ALERT STEEL HOLDINGS LIMITED - Censure imposed by the JSE on Alert Steel Holdings Limited

Censure imposed by the JSE on Alert Steel Holdings Limited

GEN – Alert Steel Holdings Limited – Censure imposed by the JSE on Alert Steel Holdings
Limited

           The JSE Limited (“JSE”) wishes to advise the following concerning certain
           findings by the JSE in respect of Alert Steel Holdings Limited (“Alert Steel”):

               1. The JSE has found Alert Steel to be in breach of the General Principles
                  (iii) and (v) and paragraphs 5.29(a) and (b), 7.C.16 (d), 16.2(c), 16.10(g)
                  and 16.15(b) of the JSE Listings Requirements (“LR”) as Alert Steel did
                  not disclose in terms of the LR the existence of a sub-underwriting
                  agreement to the JSE or in the rights offer circular.




               2. The JSE has decided to impose this public censure on Alert Steel in
                  relation to the above-mentioned breaches of the LR.”


11 March 2013

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