General SENS Submitter Company - Gen - General - Removal of Listing Announcement - NFP

Gen - General - Removal of Listing Announcement - NFP

Gen - General - Removal of Listing Announcement

NEW FRONTIER PROPERTIES LIMITED (the “Issuer”)
Share Code: NFP
ISIN: MU0453N00004



The Issuer has a primary listing on the Alternative Exchange of the Johannesburg Stock Exchange
(“JSE”). On 27 January 2021, the Issuer was suspended from trading on the JSE at the instance of the
JSE pursuant to paragraph 1.6(b) of the JSE Listings Requirements (the “Requirements”) due to non-
publication of its Provisional report for the year-ending 31 August 2020 within the prescribed period
stipulated in the Requirements.


In terms of paragraph 1.8 of the Requirements “If a listing is suspended and the affected applicant
issuer fails to take adequate action to enable the JSE to reinstate the listing within a reasonable period
of time, the JSE may remove the listing in accordance with the procedure set out below”.


Based on the failure of the Issuer to remedy various non-compliances since its suspension on 27
January 2021, the JSE advised the Issuer that it is considering the removal of the Issuer’s listing at the
instance of the JSE pursuant to section 12(2) of the Financial Markets Act no. 19 of 2012 and section
1.12 and 1.13 of the Requirements.


The JSE provided the Issuer with an opportunity to make written representations as to why the
removal of the Issuer should not be effected. After careful consideration of the representations by the
Issuer, the JSE informed the Issuer that it has decided to remove the Issuer’s listing and advised the
Issuer of its right to appeal the decision pursuant to paragraph 1.5 of the Requirements. The Issuer
advised the JSE that it had no objection to the removal.


Accordingly, shareholders are advised that the Issuer’s listing will be removed from the
commencement of business on Tuesday, 02 May 2023 and that they will remain shareholders in an
unlisted company. Accordingly, the last day to trade (off-market) will be Monday, 25 April 2023 and
the record date will be Friday, 28 April 2023.



13 April 2023

Date: 13-04-2023 01:14:00
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