ESOR LIMITED - Request for Voluntary Suspension of Trading

Release Date: 17/08/2018 11:35
Code(s): ESR
 
Wrap Text
Request for Voluntary Suspension of Trading

ESOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/000732/06)
JSE code: ESR
ISIN: ZAE000184669
(“Esor”)

REQUEST FOR VOLUNTARY SUSPENSION OF TRADING

Further to the announcement relating to the business rescue filing in respect of
Esor Construction Proprietary Limited (“Esor Construction” or “the Company”) dated
13 August 2018, shareholders are advised that the board of Directors of Esor
Construction (“the Esor Construction Board”) will work together with the business
rescue practitioner in order to try and achieve a successful outcome.

While the Esor Construction Board believes that there is reasonable prospect of
rescuing the Company, there is a possibility such outcome will not be achieved.

In addition, the effect of the business rescue proceedings instituted at Esor
Construction, on Esor Limited, are not known.

Accordingly, Esor has requested the suspension of the listing of its securities
on the JSE, as it believes this to be both necessary and in the best interests of
its shareholders at this point in time. As such Esor has voluntarily suspended
the listing of its securities with immediate effect.


Germiston
17 August 2018

Sponsor
Vunani Corporate Finance

Date: 17/08/2018 11:35:00 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.

Email this JSE Sens Item to a Friend.

Share This Story