To view the PDF file, sign up for a MySharenet subscription.

BONATLA PROPERTY HOLDINGS LIMITED - Voluntary Update on Suspension

Release Date: 29/09/2017 10:12
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 provided with an update on the Company’s status below.

As announced on 5 September 2017, the finalisation and release of the funding
arrangements with Kinfedi have taken longer than expected. Kinfedi requested an
extension to the date by which the funds will be made available to Bonatla for draw
down, discussions in this regard are on-going and shareholders will be advised in due
course. Kinfedi has selected Bonatla as one of its strategic partners due to certain of its
existing proposed investment initiatives including CPTech (activated carbon business),
Ruitersvlei (agriculture and hospitality), Kimberley Diamond Hub, Lincoln Meade.

The following has previously been announced:

   - share-swap agreement for Kimberley Diamond and Jewellery Hub announced on 5
     May 2014;
   - share-swap agreement for Lincoln Meade Park announced on 5 May 2014;
   - acquisition of Grande Roche Estates and Grande Roche Hotel on 23 December
     2016; and
   - acquisition of the Ruitersvlei Property Portfolio on 30 November 2016.

The Company believes that the above transactions will enable it to meet the requirements
of Section 4.28 of the JSE Listings Requirements following the conclusion of the above and
previously announced transactions.

The Company is making progress with the drafting of the Circular to shareholders
regarding, inter alia, the information regarding the acquisition of the Bluezone portfolio
and other previously announced transactions. The Company remains in the process of
finalising the publication of overdue results, which it expects to achieve during the third
quarter of 2017.

As separately announced, shareholders are still required to exercise caution when dealing
in the Company’s shares.

By order of the board

Johannesburg
29 September 2017


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 29/09/2017 10:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story