This follows Trencor - the JSE-listed holding company that focuses on owning, leasing, managing and trading marine cargo containers worldwide and has a 48% interest in New York Stock Exchange-listed Textainer Group Holdings - lodging a formal objection to the decision by the bourse last month to suspend trade in Trencor’s shares effective from the commencement of business yesterday until the company published its financial results.
Trencor said yesterday that on the basis of the company’s formal objection, the JSE had undertaken not to suspend trade in Trencor’s shares, pending its consideration of further representations by the company.
It said the JSE’s final determination was expected within the next few business days.
In terms of the JSE’s listing requirements, companies must publish their financial results within three months of the end of a financial reporting period.
Trencor’s provisional results for the year to December should therefore have been published by March 31 this year and its annual financial statements for this period were due by this past Monday.
- BUSINESS REPORT ONLINE