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Update on Voluntary Announcement Regarding the ongoing Suspension
BONATLA PROPERTY HOLDINGS LIMITED
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
(”Bonatla” or “the Company”)
UPDATE ON VOLUNTARY ANNOUNCEMENT REGARDING THE ONGOING
SUSPENSION
With regard to the voluntary announcement published on 5 July
2013, the Company advises that the investigation to which it
referred relates to the Financial Reporting Investigations
Panel (“FRIP”) investigation of accounting issues in its two
circulars issued during 2009 (“2009 circulars”) and its annual
financial statements for the year ended 31 December 2009
(“2009 AFS”).
As previously announced, the Company was advised that it was
required to resolve certain outstanding matters in relation to
unresolved queries that arose pursuant to the referral of
certain IFRS accounting matters to FRIP on the 2009 circulars
and the unqualified annual financial statements for the year
ended 31 December 2009. The decision of the Investigations
Unit of the JSE is that it will not be taking any further
action on the accounting issues brought to its attention by
FRIP in respect of the 2009 circulars and the 2009 AFS. Thus
the 2009 AFS will not require restatement.
The reference in the 5 July 2013 announcement to Bonatla’s
commitment “to finalising all issues”, refers to the
finalisation of the remaining issues relating to the JSE’s
ongoing investigation as detailed in its previous
announcements dated 24 April 2013 and 14 November 2012.
By order of the board
8 July 2013
Sponsor
Arcay Moela Sponsors Proprietary Limited
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