JSER
General announcement
GEN ' General ' Consultation process on proposed changes to Listings
Requirements regarding funding arrangements that include negative control
Paragraph 4.28 (d) of the Listing Requirements ('LRs') states that companies must control
the majority of its assets. The JSE also issued guidance in 2004 to make it clear that any
negative control will result in a company being in breach of the LRs. Following engagements
and discussions with the market on the matter and several request from the market, the JSE
has decided to review the LR relating to negative control on funding arrangements.
The JSE is therefore, considering amendments to the Listings Requirements to make
provision for requirements with regards to funding arrangements that include negative
control.
The proposed Listings Requirements are available on the JSE's website at
http://www.jse.co.za/How-To-List/Main-Board/Listing-requirements/Announcements-
regarding-listing-requirements and interested parties are invited to submit their comments by
no later than 25 July 2012. Comments can be submitted electronically to feliciam@jse.co.za.
3 July 2012
Date: 04/07/2012 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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