BASIL READ HOLDINGS LIMITED - Voluntary suspension of securities listed in the JSE

Release Date: 20/06/2018 17:00
Code(s): BSR
 
Wrap Text
Voluntary suspension of securities listed in the JSE

Basil Read Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE 000029781
(“Basil Read Holdings” or “the company”)

VOLUNTARY SUSPENSION OF SECURITIES LISTED ON THE JSE

Shareholders are referred to the announcement released on
SENS on Friday, 15 June 2018 advising that Basil Read Limited
("Basil Read"), a wholly owned subsidiary of Basil Read
Holdings, which houses the Construction Division has
commenced with voluntary business rescue proceedings as
provided for by section 129 of the Companies Act 71 of 2008.

There is uncertainty in terms of the impact of the voluntary
business rescue proceedings instituted at Basil Read Limited,
on the Basil Read Holdings Limited Group as listed on the
JSE.

The Company has applied to the JSE, in terms of paragraph
1.10 of the JSE Listings Requirements for the voluntary
suspension of the listing of its securities until such time
as the effect on the listed group can be quantified, with
immediate effect.

Boksburg
20 June 2018

Company secretary
Andiswa T Ndoni


JSE Sponsor
Grindrod Bank Limited

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