RE: Why no cautionary advice on FCR ?15 Dec 2017 08:02
I found this under JSE regulations :
My belief is a cautionary announcement should be issued......any other opinions would be appreciated.
Cautionary announcements
3.9 Immediately after an issuer acquires knowledge of any material price sensitive
information and the necessary degree of confidentiality of such information cannot
be maintained or if the issuer suspects that confidentiality has or may have been
breached, an issuer must publish a cautionary announcement (complying with
paragraph 11.40). An issuer that has published a cautionary announcement must
provide updates thereon in the required manner and within the time limits
prescribed in paragraph 11.41.
Exception
3.10 If the directors of an issuer consider that disclosure to the public of information in
accordance with paragraph 3.4 will, or probably will, prejudice the issuer’s
legitimate interests, the JSE may grant a dispensation from the requirement to
make such information public.