JASCO ELECTRONICS HOLDINGS LIMITED - Voluntary suspension of securities listed on the JSE

Release Date: 01/10/2018 11:50
Code(s): JSC
Wrap Text
Voluntary suspension of securities listed on the JSE

(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
("Jasco" or “the Company”)


Shareholders are referred to the announcement released on SENS on
Thursday, 27 September 2018 disclosing Jasco’s provisional audited
summarised results and dividend declaration for the year ended 30
June 2018.

Unfortunately, the company erroneously referred to the results being
“audited” in the announcement. Certain financial disclosures in the
Notes to the Annual Financial Statements for the year ended 30 June
2018 (“AFS”), which are only of a technical nature, were not
completed at the time of publishing on 27 September 2018. The Company
regrets any inconvenience this error has created.

Although the group believes that the updated, final AFS will not
reflect any changes to the profits and earnings as disclosed in the
summarised financial statements that were released on 27 September
2018, the Board has decided to act prudently and retract these
results. The notes will be finalised with the auditors expeditiously
and released to the market as soon as possible.

Accordingly, 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, with immediate effect,
until the updated AFS are re-published on SENS.

We further note that there were no trades in the Jasco shares on
Thursday, 27 September and Friday, 28 September 2018, and that no-
one acted to their detriment, on the June 2018 results as announced.


1 October 2018

Sponsor: Grindrod Bank Limited

Date: 01/10/2018 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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