JOHANNESBURG - South Africa’s Blue Label Telecoms has failed to comply with Johannesburg Stock Exchange (JSE) requirements and is under threat of suspension and possible removal, the exchange said on Tuesday.
The largest exchange in Africa, the JSE said the company had failed to distribute its annual financial statements and notice of annual general meeting within the four-month period stipulated in the listings requirements.
“If the abovementioned company still fails to distribute its annual report on or before 31 October 2019, then its listing may be suspended,” the JSE said in a statement.
South Africa - Johannesburg - 26 September 2019 - Cell C CEO Douglas Craigie Stevenson speaking at Sandton during the at Blue Label Telecoms’ annual results presentation for the year ended 31 May 2019. South Africa’s Blue Label Telecoms has failed to comply with Johannesburg Stock Exchange (JSE) requirements and is under threat of suspension and possible removal, the exchange said on Tuesday.
The largest exchange in Africa, the JSE said the company had failed to distribute its annual financial statements and notice of annual general meeting within the four-month period stipulated in the listings requirements.
Picture: Itumeleng English/African News Agency(ANA)
REUTERS