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Latest News: Sail Mining Group Ltd.SAIL MNG [SGP]
(Suspended)

Tue, 30 Dec 2025	Official Announcement [TB]
Sail - quarterly suspension update Sail Resources Ltd. ("Sail") remains under JSE trading suspension since 18 July 2022 due to delayed publication of its annual financial statements for 2022-2025 and interim reports for 2022-2025. The company has addressed previous auditor appointment issues, with auditors appointed in October 2023, but finalisation of the financial reports is pending completion of audit procedures. Sail announced a conditional offer to repurchase all issued shares (excluding treasury shares) on 12 December 2025, which is linked to a proposed delisting from the JSE's AltX. The delisting requires shareholder approval, amendments to the company's memorandum of incorporation, and approval from the South African Reserve Bank’s Financial Surveillance Department. Further updates will be provided in due course.
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