February 16, 2018 / 1:37 PM / 4 months ago

BRIEF-Bonatla Property Holdings Announces Removal Of Listing From JSE

Feb 16 (Reuters) - Bonatla Property Holdings Ltd:

* CAUTIONARY ANNOUNCEMENT IN RELATION TO PROPOSED REMOVAL OF COMPANY’S LISTING​

* ‍RECEIVED NOTICE FROM JSE OF INTENTION TO REMOVE LISTING OF BONATLA DUE TO CO’S INABILITY TO CONTINUE TO MEET JSE LISTINGS REQUIREMENTS​

* ‍BOARD OF DIRECTORS HAVE ELECTED NOT TO OBJECT TO JSE’S PROPOSED REMOVAL OF LISTING.​

* WILL CONTINUE AS A PUBLIC UNLISTED COMPANY AND WILL MAINTAIN A SHARE REGISTER WITH ITS TRANSFER SECRETARY​

* ‍INTENDS TO RESTRUCTURE GROUP AND ONCE FINALISED, WILL EXPLORE OPPORTUNITIES TO ENABLE SHAREHOLDERS TO HOLD TRADEABLE SECURITIES, EITHER ONSHORE OR OFFSHORE​ Source text for Eikon: Further company coverage:

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