GEN – General - Suspension of Listing
GEN – General - Suspension of Listing
DENEL SOC LIMITED (THE “ISSUER”) (JSE ALPHA CODE: BIDEN)
SUSPENSION OF LISTING
The Johannesburg Stock Exchange ("JSE") wishes to advise that the Issuer has failed to comply with the JSE’s
Debt Listings Requirements (“the Requirements”) by not submitting its annual financial statements to the JSE
within the timeframe stipulated in the Requirements. In terms of the Requirements, a State-Owned Entity must
submit its annual financial statements within seven months of its financial year-end. The Requirements further
stipulate that one month after the end of the seven-month period, the JSE will consider suspension of the Issuer’s
securities. Debt security holders are referred to the JSE’s announcement dated 3 November 2021 in which it was
confirmed that the Issuers listing of debt securities was under threat of suspension.
The Issuer announced on 29 October 2022 that its board of directors made the decision to defer the publication
of the annual financial statements and that it will be combined with the publication of the 2022 financial
information. Considering the aforementioned and after due process and consideration, the JSE has made the
decision to suspend the Issuer’s debt securities with immediate effect.
This announcement has been placed by the JSE in the interest of debt security holders.
2 February 2022
Date: 02-02-2022 08:00:00
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