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Sail - quarterly suspension update
Sail Ltd. ("Sail") remains under JSE trading suspension since 18 July 2022 due to delayed publication of its annual financial statements for the years ending 28 February 2022, 2023, 2024, and 2025, as well as interim results for the six months ending 31 August 2022, 2023, 2024, and 2025. The delays were caused by challenges in appointing auditors, linked to three subsidiaries in Business Rescue. Auditors were appointed in October 2023, and progress has been made on audit procedures for the 2022-2024 financial years. The subsidiary Black Chrome Mine's Business Rescue Plan was approved, leading to its restructuring and exit from Business Rescue in December 2024. Sail appointed Naresh Ashok as a non-executive director in July 2025. The suspension will be lifted once the financial results are published and announced on SENS.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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