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Voluntary update on suspension
BONATLA PROPERTY HOLDINGS LIMITED
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
(”Bonatla” or “the Company”)
VOLUNTARY UPDATE ON SUSPENSION
In accordance with paragraph 1.6 of the JSE Listings Requirements which deals with the
suspension of a Company’s securities by the Johannesburg Stock Exchange (“JSE”),
shareholders are referred to the announcements published on 14 November 2012, 24 April
2013, 5 July 2013, 8 July 2013, 21 February 2014, 21 May 2014 and 22 September 2014
respectively.
As previously reported, the JSE has received the balance of the required responses from
former directors as mentioned in the prior announcements. The JSE is currently reviewing
the relevant directors and former directors’ responses and will then be able to assess the
status of suspension. The Company then expects it will be able to proceed with the Circular
to shareholders regarding, inter alia, the acquisition of the Bluezone portfolio and other
previously announced transactions.
As previously advised, the circular to shareholders will require substantial redrafting due to
the effluxion of time and the number of additional transactions entered into over the past two
and a half years. It will seek shareholder approval or ratification, where applicable.
The Company continues with its intention to work constructively and positively with the JSE
to resolve any and all outstanding issues as timeously as possible.
By order of the board
4 December 2014
Sponsor
Arbor Capital Sponsors Proprietary Limited
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