JSE STATEMENT: RESILIENT GROUP

09 February 2018

 

Attributed to Andre Visser, General Manager: Issuer Regulation & Shaun Davies, Director: Market Regulation at the JSE.

 

The JSE's Market Regulation Division has been reviewing trading in the shares of the Resilient stable since early January 2018 given the volatility in the price of those shares.  It is aware of the report on the Resilient group referred to in the SENS announcement issued by Resilient REIT Limited (Anonymous Report and Cautionary Announcement) on 09 February 2018 and will be taking the contents of the report and any further statements made by the Resilient group on the report into account in its review of the trading in the Resilient group shares.  Should the Market Regulation Division identify any trading that it believes warrants investigation it will forward its findings to the Directorate of Market Abuse at the Financial Services Board. 

 

The JSE's Issuer Regulation Division which regulates listed companies on the JSE has taken note of the report and as soon as it came to the attention of the JSE, it immediately engaged with the companies' referenced in the report via its sponsor to provide an initial response in order for a SENS announcement to be issued to the market.  The Issuer Regulation division will be further engaging with the companies' on the contents of the report. 

 

ENDS​