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BONATLA PROPERTY HOLDINGS LIMITED - Voluntary Update on Suspension

Release Date: 14/09/2015 08:53
Code(s): BNT     PDF:  
Wrap Text
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,
22 September 2014, 4 December 2014, 9 March 2015 and 1 June 2015 respectively.

Shareholders are advised that the company has submitted a motivation to the JSE
for the lifting of the suspension as the JSE wishes to ensure that the Company meets
the JSE Listings Requirements for a Main Board listing and that the Company is
compliant with the various provisions of the JSE Listings Requirements. The Company
is awaiting the JSE’s response to its submission.

The Company requested certain rulings from the JSE regarding, inter alia, the
acquisition of the Bluezone portfolio and other previously announced transactions.

The JSE responded that the company should first address its current compliance with
paragraph 4.28 of the JSE Listings Requirements as mentioned above.

Once the Company has responded in accordance with paragraph 4.28 of the JSE
Listings Requirements, the Company will then be able to properly assess its status.

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 five years. It will seek shareholder approval or ratification, where
applicable. The Company has the required irrevocable undertakings to support
these transactions.
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
14 September 2015

Sponsor
Arbor Capital Sponsors Proprietary Limited

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