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VISUAL INTERNATIONAL HOLDINGS LIMITED - Lifting of Suspension

Release Date: 13/03/2019 16:58
Code(s): VIS     PDF:  
Wrap Text
Lifting of Suspension

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
(“the Company” or “Visual”)
ISIN Code: ZAE000187407       Share code: VIS


LIFTING OF SUSPENSION


Shareholders are referred to the announcement on SENS on 15 June 2018 regarding the suspension
of Visual due to the late publication of results for the year ended 28 February 2018. This was due to
the Company having to secure alternative funding following the non-payment of the consideration
in terms of a previously announced claw-back offer as advised to shareholders. Shareholders were
also advised that the Company was in the process of securing additional funding and that the Board
was in the process of evaluating an expression of interest received from two parties to acquire the
Stellendale Junction land

Shareholders are advised that the suspension of trading of the shares of the Company will be lifted
by the Johannesburg Stock Exchange (“JSE”) following the publication of the results of the Company
for the year ended 28 February 2018, the publication of the interim results announcement for the
period ended 28 August 2018 and the posting of the Annual Report for the year ended 28 February
2018 to the shareholders of Visual.

As per the announcement published on 7 March 2019, negotiations have been finalised regarding
the disposal of the Stellendale Junction land.

As a result, the JSE has approved the lifting of the suspension and the Company’s securities will
recommence trading with effect from 14 March 2019.




Cape Town
13 March 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 13/03/2019 04:58:00 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.

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