Yomhlaba Resources Limited - Appointment of new de
Yomhlaba Resources Limited - Appointment of new designated adviser
Yomhlaba Resources Limited
(Previously Zenith Concessions Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1994/009012/06)
Share code: YBA ISIN: ZAE000060281
("Yomhlaba" or "the Company")
APPOINTMENT OF NEW DESIGNATED ADVISER
In compliance with rule 21.33 of the JSE Limited Listings Requirements,
shareholders are advised that Sasfin Capital has been appointed as new
Designated Adviser to Yomhlaba with immediate effect. The appointment forms
part of the strategic repositioning of the Company.
Pretoria
18 November 2005
DESIGNATED ADVISER
Sasfin Capital
(A division of Sasfin Bank Limited)
Warning: The listing of the ordinary shares in the Company is on the
Alternative Exchange ("AltX"). Investors are advised of the risks of investing
in a Company listed on AltX and that the JSE Limited ("JSE") does not guarantee
the viability or success of a Company listed on AltX. In terms of the JSE
Listings Requirements ("LR"), the Company is obliged to appoint and retain a
Designated Advisor ("DA"). The DA is required to, inter alia, attend all board
meetings held by the company, ensure that all the LR and applicable regulations
are complied with, approve the financial director of the Company and guide the
Company in a competent, professional and impartial manner. If the Company fails
to retain a DA, it must make arrangements to appoint a new DA within ten
business days, failing which the Company faces suspension of trading in its
securities. If a DA is not appointed within 30 days of its suspension, the
Company faces the termination of its listing without the prospect of an
appropriate offer to minority shareholders.
Date: 18/11/2005 05:30:02 PM Produced by the JSE SENS Department
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