Connect with us

Business

New Frontier Properties suspended from trading on Stock Exchange

Published

on

UK retail and logistics landlord New Frontier Properties has been suspended from trading on the Stock Exchange of Mauritius (SEM) and the Johannesburg Stock Exchange (JSE) following the late publication of its financial statements.

New Frontier is on the primary listing of the SEM and on the alternative exchange of the JSE.

 “The audit and publication of the results has been delayed due to the rental trap of the cash flows of the subsidiaries and resignation of the former auditors,” said the company.

SEM has granted New Frontier a further extension until June 30 to publish and file the relevant financial information.

“The company will become compliant with the SEM rules and JSE listings requirements once the annual financial statements and annual reports for the years ended August 31  2020 and August 31  2021 have been issued and published.

“This will include interim results for the periods:  November 30  2020, February 28  2021, May 31  2021,  August 31 2021 and  November 30 2021. [New Frontier] will then apply to the SEM and JSE for the lifting of the suspension in trade in its securities.”

Bookmark(0)

No account yet? Register

Spread the News
The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.
Click to comment

Leave a Reply

Your email address will not be published.

The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.

Can you support?

Dear Reader,

NewsMoris is a media service that is dependent on support from its readers in the form of subscriptions.

As a startup that was born in and faring through challenging times like these, we need your support now more than ever.

Subscribing for as little as USD10/month is the best way you can support our efforts.

Thank you.