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TOTAL CLIENT SERVICES LIMITED - Request for Voluntary Suspension of Trading

Release Date: 23/12/2013 10:07
Code(s): TCS     PDF:  
Wrap Text
Request for Voluntary Suspension of Trading

Total Client Services Limited
Incorporated in the Republic of South Africa
(Registration number 1998/025018/06)
Share code: TCS ISIN: ZAE000116208
(“TCS” or “the Company”)


REQUEST FOR VOLUNTARY SUSPENSION OF TRADING




Further to the business rescue application announcements dated 22 November 2013 and 20 December
2013 respectively, shareholders are advised that the Board of Directors of the Company (“the Board”)
will work together with the business rescue practitioner in order to try and achieve a successful outcome.
While the Board believes that there is reasonable prospect of rescuing the Company, there is a
possibility such outcome will not be achieved.

Accordingly, the Board has taken the decision to request the suspension of the listing of the Company’s
securities on the JSE, as it believes this to be both necessary and in the best interests of its
shareholders at this point in time. As such the Company has voluntarily suspended the listing of its
securities with effect from 23 December 2013.



Sandton
23 December 2013

Designated Adviser
Merchantec Capital

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