HUG - Huge - Censures Imposed On Huge Group Limited And Messrs James Herbst And
HUG
HUG
HUG - Huge - Censures Imposed On Huge Group Limited And Messrs James Herbst And
Anton Potgieter ("Herbst and Potgieter") By The Johannesburg Stock Exchange
Limited ("JSE")
HUGE GROUP LIMITED
(incorporated in the Republic of South Africa)
(Registration number 2006/023587/06)
Share code: HUG & ISIN: ZAE000102042
("Huge" or "the company")
CENSURES IMPOSED ON HUGE GROUP LIMITED AND MESSRS JAMES HERBST AND ANTON
POTGIETER ("Herbst and Potgieter") BY THE JOHANNESBURG STOCK EXCHANGE LIMITED
("JSE")
Shareholders are referred to the announcement released by the JSE at 10:15am on
Thursday, 12 November 2009, wherein the JSE issued a public censure of the
company, and Herbst and Potgieter, and imposed fines on each of Herbst and
Potgieter.
The board of directors of the company wishes to stress the following:
- the matter with regard to the Company is now closed as the censure has been
received;
- no fine has been imposed on the company;
- there will be no costs to the company in terms of the fines imposed on
Herbst and Potgieter; and
- Herbst and Potgieter have the full support of the board of the company with
regard to a possible appeal, and there will be no costs to the company
should Herbst and Potgieter take the matter on appeal.
The board of directors are pleased that this matter has finally reached
resolution, and now wishes to put the matter behind the company, and focus on
the day-to-day running and building of the business of Huge Group Limited.
Woodmead
12 November 2009
Designated Advisor
Arcay Moela Sponsors (Pty) Limited
Date: 12/11/2009 15:27:01 Produced by the JSE SENS Department.
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