BJM - Cessation Of Over The Counter Trading Activi
BJM
BJM
BJM - Cessation Of "Over The Counter Trading" Activities
BARNARD JACOBS MELLET HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/004798/06)
JSE code: BJM & ISIN: ZAE000014262
("BJM")
CESSATION OF "OVER THE COUNTER TRADING" ACTIVITIES
BJM wishes to advise that the Financial Services Board ("FSB") has ruled that
the activity of facilitating the trading of Over the Counter ("OTC") securities
is the business of an exchange as defined in the Securities Services Act, 2004
("SSA"). The Stock Exchanges Control Act, 1985 which was repealed by the SSA,
was not applicable to the trading of unlisted securities. BJM has explored all
possible avenues in an endeavour to ensure the legitimate continuation of the
services rendered to its OTC clients. Regrettably the FSB has finally instructed
BJM to either apply for a license as an exchange in terms of the SSA or to
discontinue its activities in the OTC market. BJM accordingly has no choice but
to manage the orderly termination of its OTC trading activities in consultation
with the relevant issuers and will keep all interested parties informed of the
process. Enquiries may be referred to Jan van Staden at (021 914 0400) or Anname
de Villiers at (011 283 0372).
BJM shareholders are advised that the cessation of its OTC trading activities
will have no financial impact on BJM and the BJM group of companies.
Johannesburg
18 September 2006
Sponsors:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 18/09/2006 05:00:02 PM Produced by the JSE SENS Department
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