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Quarterly suspension update
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN: ZAE007020249
(“Chrometco” or “the Company”)
QUARTERLY SUSPENSION UPDATE
In terms of paragraph 1.11(c) of the JSE Listings Requirements, the Company is required to
provide an update to shareholders regarding the current state of affairs of the Company until
the suspension is lifted.
Shareholders are referred to the ongoing suspension in trading of the Company’s shares on
the JSE which came into effect on 18 July 2022. Trading in the Company’s shares remain
suspended due to the late publication of the provisional annual financial statements for the
year ended 28 February 2022 (“Provisional Report”) and the subsequent interim results for
the six months ended 31 August 2022 (“Interim Report”).
In respect of the late publication of the Company’s Provisional Report, the Company is
struggling in its appointment of new auditors due to two subsidiaries within the group, Black
Chrome Mine Proprietary Limited and Sail Minerals Proprietary Limited, being in Business
Rescue. Until such time as new auditors can be appointed, which is anticipated in the next 6
months, the finalisation and publication of the Provisional Report and Interim Report will
remain outstanding.
The Company will apply for the lifting of the suspension of trade in its securities once the
Provisional Report and Interim Report has been published and announced on SENS.
The Company will provide a further update in this regard in due course.
Johannesburg
31 January 2023
Designated Advisor
PSG Capital
Date: 31-01-2023 10:27:00
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