BIK - Brikor Limited - Resignation as Designated Advisor of Brikor
BIK
BIK
BIK - Brikor Limited - Resignation as Designated Advisor of Brikor
BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013247/06)
JSE code: BIK
ISIN: ZAE000101945
("Brikor" or "the company")
Resignation as Designated Advisor of Brikor.
Shareholders are advised that Vunani Corporate Finance has resigned as
Designated Advisor to Brikor as from 21 January 2011 due to the failure of the
executive directors of the company to adhere to proper Corporate Governance and
Companies Act requirements with regard to the approval of the interim results of
Brikor for the six months ended 31 August 2010, which were released by the
company on Sens on 24 December 2010. This failure stems from the release of the
interim results despite the decision of the audit committee not to approve the
results and the subsequent refusal of the executive directors to withdraw the
interim results and the executive directors` decision to replace the audit
committee deliberately preventing the audit committee from discharging its
fiduciary duty. The JSE has been informed of the non-compliance by the company
to the Listings Requirements and the circumstances behind it.
Johannesburg
24 January 2011
Designated Advisor
Vunani Corporate Finance
Date: 24/01/2011 07:48:47 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
