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

Release Date: 17/08/2018 11:40
Code(s): BSR
Wrap Text
Voluntary suspension of securities listed on 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”)


Shareholders are referred to the announcement released on
SENS on Wednesday, 20 June 2018 advising that following the
uncertainty in terms of the impact of the voluntary business
rescue proceedings instituted at Basil Read Limited on the
Basil Read Holdings Limited Group, 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.

The effect of the business rescue on the listed Group can
only be quantified once the business rescue plan is available.
The business rescue plan is expected to be published on or
about Monday, 20 August 2018.

The securing of post commencement funding is a critical
component of such a business rescue plan. Shareholders are
advised that Basil Read Limited has secured post commencement
funding and signed the required agreements on 8 August 2018.

Further details of the business rescue will be provided
through a further SENS announcement as soon as the business
rescue plan is published.

17 August 2018

Company secretary
Andiswa T Ndoni

JSE Sponsor
Grindrod Bank Limited

Date: 17/08/2018 11:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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