2020-09-25 18:02:56

Wearne Group of Companies

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W G Wearne Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(JSE code: WEA ISIN: ZAE000078002)
(“Wearne” or “the company”)


The directors of Wearne are pleased to announce that new contracts of approximately R68 million were recently awarded to Wearne. Both the new contracts will commence in March 2006. These contracts cover an 18 month period.

Designated Adviser
Exchange Sponsors
21 February 2006

Warning: The listing of ordinary shares in the company is on ALTx. Investors are advised of the risks of investing in a company listed on ALTx. Investors are advised that the JSE does not guarantee the viability or the success of a company listed on ALTx. In terms of the Listings Requirements, the company is obliged to appoint and retain a Designated Adviser, which is required to, inter alia, attend all board meetings held by the company to ensure that all the Listings Requirements and applicable regulations are complied with, approve the Financial Director of the company and guide the company in a competent, professional and impartial manner. If the company fails to retain a Designated Adviser, it must make arrangements to appoint a new Designated Adviser within 10 business days, failing which the company faces suspension of trading of its securities. If a Designated Adviser is not appointed within 30 days of its suspension, the company faces the termination of its listing without the prospect of an appropriate offer to minority shareholders.

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