GEN - General - Early release of Firstrand`s Interim Results
JSE
GEN
GEN - General - Early release of Firstrand`s Interim Results
5 July 2011
EARLY RELEASE OF FIRSTRAND`S INTERIM RESULTS
The JSE Limited ("JSE") confirms that FirstRand Limited`s ("FirstRand")
investigation into the early release of its interim results has identified an
unintentional breach of paragraph 3.5. of the JSE`s Listings Requirements. This
paragraph stipulates that price sensitive information may not be released to any
third party (except in the case of a printer with whom there is a
confidentiality agreement in place) prior to its release on SENS.
The JSE has decided not to impose a further penalty on FirstRand after
considering the following:
- the mitigation implemented by FirstRand to prevent or minimise any
potential undesirable effects;
- the public censure that has already occurred
- that the FirstRand results were in line with the trading update published
on 2 March 2011.
- that the results had very little impact on the volumes and value traded
after their release; and
- the immediate notification of the JSE by FirstRand once it was discovered
that the breach had occurred.
In the light of recent events, the JSE has also decided to provide guidance to
the market on this issue which guidance is available on the JSE`s website
www.jse.co.za.
Date: 05/07/2011 08:30:01 Produced by the JSE SENS Department.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
