Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
Consequences of Possible Suspension of The Company's Shares

Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN Code: ZAE000006722
("the Company")


CONSEQUENCES OF POSSIBLE SUSPENSION OF THE COMPANY'S SHARES

Shareholders are referred to the announcement published on SENS,
on 22 November 2012, in which shareholders were advised of the
possible suspension of the Company's listing on the JSE
Limited("the JSE") ("the suspension"). The suspension is expected
to occur on Thursday 20 December 2012.

Following the receipt of a number of questions from shareholders,
the Board of Directors ("the Board") wishes to clarify that the
consequence of the suspension is that no further trading of the
Company's shares may take place on the JSE's trading system with
effect from commencement of trade on the date of suspension.

Following the suspension, the Company will remain subject to the
following continuing obligations in terms of the JSE's Listings
Requirements:

(a) compliance with all applicable Listings Requirements;
(b) submission to the JSE of a monthly progress report pertaining
to the current state of affairs of the Company and any action
proposed to be taken by the Company in order to have the listing
reinstated; and
(c) communication with shareholders, on a quarterly basis, as to
the current state of affairs of the Company and any action
proposed by the Company in order to have the listing reinstated,
including the date on which the suspension is expected to be
lifted, if relevant.

Should the Company not be in a position to have the suspension
lifted within the relevant time period as determined by the JSE,
the Company's listing on the JSE will be terminated. The Board
wishes to confirm that, save for the possible suspension, no
specific   corporate  action  concerning the Company's shares
(including but not limited to an offer to minorities) is envisaged
at this stage. The Board furthermore confirms that following the
possible suspension and future termination of the Company's
listing, the Company will continue its current initiative to
conclude an agreement relating to the acquisition of a viable
asset.


Johannesburg
27 November 2012

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 27/11/2012 04:18:00 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.

Company Snapshot

For detailed Unit Trust information, click here.
The real story behind the SA mining “Hill of Horror”
Aug 20 2012 11:13

Reuters senior correspondent Jon Herskovitz describes what led to the bloodiest crackdown by police in South Africa since the end of apartheid. (Reuters)

Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...