Summary of the Procedural Requirements of the SENS
Note that this is a summary of the Procedural Requirements of SENS that are
contained in Schedule 19 of the JSE Listings Requirements. Listed companies and
their advisors should refer to Schedule 19 and not rely on this summary, which
is simply intended to provide a background on SENS.
Introduction
As a result of a need to disseminate company
announcements and price sensitive company releases ("relevant company
information") to the market on a real time basis, the Issuer Services Division
of the JSE has established SENS. SENS operational hours will be from 07h00 to
18h00 on business days
Submission of relevant company information
All relevant
company information should be transmitted to SENS via e-mail,
SENS@jse.co.za, or electronically via the JSE
website, www.jse.co.za, as soon as possible after authorization by the company.
All company announcements and price sensitive company releases, must be
submitted to SENS through a sponsor. To prevent a delay in publication via SENS,
submissions should conform with the specifications contained in the Procedural
Requirements of SENS.
Authentication of submissions
Relevant company
information received by SENS
- during the SENS operational hours (see 1 above), will immediately be
authenticated by SENS (to ensure that the information is authorised to be
published by the company); and
- outside the SENS operational hours, will be authenticated as soon as
possible during the following SENS operational hours.
Approval of certain submissions
If the relevant company
information requires JSE approval, it will be forwarded immediately to the
Issuer Services Division for consideration.
Publication through SENS
Relevant company information
will be published via SENS immediately after it has been authenticated and
approved (if necessary).
Publication via SENS will take place by SENS
electronically transmitting the relevant company information to SENS
subscribers, which include the major wire services, who will immediately
disseminate such information to their customers.
Publication on other markets
Companies with dual listings
or their sponsors should liaise with SENS with a view to ensuring, as far as
possible, that the same information is released at the same time on the
respective markets.
Publication in the press of certain company announcements
Despite publication via SENS, all listed company announcements requiring JSE
approval must be published in the press as soon as possible after they have been
authenticated and approved.
Indemnity
Although the JSE will endeavour to ensure that
the relevant company information submitted to SENS is published via SENS in the
form submitted, the JSE does not, whether expressly, tacitly or implicitly,
represent, warrant or in any way guarantee the truth, accuracy, or completeness
of the information published on SENS. The JSE, their officers, employees and
agents accept no liability for (or in respect of) any direct, indirect,
incidental or consequential loss or damage of any kind of nature, howsoever
arising, from the use of SENS or the use of, or reliance on, information
disseminated through SENS.
Copyright
The JSE is deemed to be licensed to disseminate
all relevant company information via SENS.