Risk management company, Zaptronix's securities are under threat of suspension and possible termination, according to the Johannesburg Stock Exchange (JSE).
The JSE said this is because the company failed to submit its provisional report within the three-month period stipulated in the JSE's listing requirements.
“Accordingly, the company's listing on the JSE Tradelect system has been annotated with an 'RE' to indicate that the company has failed to submit its provisional report timeously and that the listing of the company's securities is under threat of suspension and possible termination.”
If Zaptronix still fails to submit its provisional report by 30 December, its listing will be suspended.
Restated results
The company last week said it is currently finalising its results for the 12 months ended 31 August 2011.
It advised shareholders that the results for 2010, as they relate to the treatment of the I to I transaction, have been restated to comply with the JSE's proactive monitoring of financial reporting ruling.
“The earnings per share are expected to be between -2.3 cents and -2.8 cents (loss) compared to the 0.52 cents of the previous corresponding period.
“Diluted earnings per share are expected to be between -1.0 cents and -1.5 cents per share (loss) compared to 0.33 cents per share of the previous corresponding period.”
It also said the headline earnings per share are expected to be between -2.2 and -2.6 cents per share compared to the 0.52 cents per share of the previous corresponding period.
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