JSE LIMITED - GEN- General - Censure imposed by the JSE on Mr Bhekokuhle Sibiya in his capacity as a director of Alviva Hldgs Ltd

GEN- General - Censure imposed by the JSE on Mr Bhekokuhle Sibiya in his capacity as a director of Alviva Hldgs Ltd

GEN – General – Mr Bhekokuhle Sibiya

Censure imposed by the JSE on Mr Bhekokuhle Sibiya in his capacity as a director of Alviva Holdings
Limited (“Alviva”)


The JSE Limited (“JSE”) wishes to inform stakeholders of the following findings by the JSE in respect of
Mr Sibiya:


The JSE has found Mr Sibiya, in his capacity as a director of Alviva, to be in breach of paragraphs 3.65,
3.66 and 3.69 of the JSE Listings Requirements which states:


         3.65 Any director who deals in securities relating to the issuer is required to disclose
                the information required by paragraph 3.63 to the issuer without delay and, in
                any event, by no later than three business days after dealing. The issuer must in
                turn announce such information without delay and, in any event, by no later than
                24 hours after receipt of such information from the director concerned.


         3.66 A director (excluding any of his/her associates) may not deal in any securities
                relating to the issuer without first advising the chairman (or one or more other
                appropriate directors designated for this purpose) in advance and receiving
                clearance from the chairman or other designated directors.


         3.69 A director may not deal in any securities relating to the issuer:
                (a)    during a closed period as defined; and
                (b)    at any time when he is in possession of unpublished price sensitive
                       information in relation to those securities or otherwise where clearance to
                       deal is not given in terms of paragraph 3.66.


On 17 and 18 January 2017 and as announced on SENS on 14 June 2017, Mr Sibiya sold a total of 38925
Alviva securities without the required clearance and in a closed period, which commenced on 01 January
2017 due to the pending publication of Alviva’s interim financial results ended 31 December 2016, and
further failed to disclose the trades timeously.
The JSE has decided to impose this public censure against Mr Sibiya in relation to the above mentioned
breaches of the Listings Requirements.


1 September 2017

Date: 01/09/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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