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BONATLA PROPERTY HOLDINGS LIMITED - Voluntary Update on Suspension

Release Date: 02/06/2016 12:00
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 previous announcements published on
SENS, the last of which was released on 1 March 2016.

Shareholders are advised that the Company is finalising certain acquisition
negotiations as mentioned in its recent renewal of cautionary announcement in
order to ensure compliance with section 4.28 of the JSE Listings Requirements. In the
interim, the Company has commenced with the drafting of the Circular to
shareholders regarding, inter alia, the acquisition of the Bluezone portfolio and other
previously announced transactions. The Company is also in the process of finalising
its results for the periods ended 31 March 2015, 31 August 2015 and 31 March 2016,
for publication as soon as possible.

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, in the past, secured the required irrevocable
undertakings to support these transactions.

By order of the board
Johannesburg
2 June 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 02/06/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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