Trading in Tongaat Hulett shares suspended

The company says it was notified of the decision by the JSE on Tuesday.

Tongatt Hulett says it had voluntarily approached the securities exchange asking for a temporary suspension of its listing due to delays in the release of its results.

The financial statements had been expected at the end of March. 

Their release was extended to the end of this month.

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The company says it won't make that deadline either.

It's in non-compliance with JSE requirements on the timeous publication and dissemination of results.

It says the suspension has no material impact on the company’s financial stability or business operations.

The company expects trading in its shares to be reinstated once financial results are published.