The Council of the JSE has suspended trading in the shares of Salada effective Tuesday, March 30, 1999 for late financial reporting. The company’s audited financial statements for the year ended September 1998 were due on September 31, 1998. The suspension was effected pursuant to Rule 408 of the JSE Rules which states: “Companies with audited financial statements which are ninety days overdue shall have trading in their shares suspended until reports are submitted to the Exchange.”
As soon as the outstanding statements are received the suspension in trading of the security will be lifted.
