QHL - Queensgate Hotels and Leisure Limited - Voluntary Suspension of Trade
QHL
QHL
QHL - Queensgate Hotels and Leisure Limited - Voluntary Suspension of Trade
QUEENSGATE HOTELS AND LEISURE LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/013649/06)
Share code: QHL
ISIN code: ZAE000113718
("Queensgate" or "the Company")
VOLUNTARY SUSPENSION OF TRADE
Shareholders are referred to the SENS announcement made on 14 April 2010
regarding the provisional winding-up order of Queensgate Leisure Holdings
(Pty) Limited ("Queensgate Leisure"), a wholly owned subsidiary of
Queensgate, handed down by the Western Cape High Court on 13 April 2010.
While Queensgate Business Development (Pty) Limited ("QBD"), a wholly owned
subsidiary of Queensgate, will continue to operate going forward, the board
feel it is prudent to request the JSE Limited ("JSE") to voluntarily suspend
the trading in Queensgate shares, until such time as the impact of the
provisional winding-up of Queensgate Leisure, as well as any further
developments are assessed and published on SENS.
Accordingly the board has requested the JSE to suspend trade in Queensgate
shares with immediate effect.
Shareholders will be advised in due course of the impact (including
financial effects) of the provisional winding-up order, as well as any
further developments on the matter.
The board of directors of Queensgate will upon completion of their
assessment of the effects of the winding-up of Queensgate Leisure, re-apply
to the JSE for the lifting of the suspension of trade in Queensgate shares.
15 April 2010
Designated Advisor
PSG Capital (Pty) Limited
Date: 15/04/2010 12:42:01 Produced by the JSE SENS Department.
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