Labat Africa shares remain suspended on JSE after exchange halts trading over dividend non-payment
Bitget2026/09/23 09:05- Labat Africa securities were suspended with immediate effect on the Johannesburg Stock Exchange, following a JSE suspension notice dated Aug. 26, 2026.
- The company said it is engaging with the JSE on a pathway to resolve the issues behind the suspension.
- Labat said the unpaid dividend stemmed from a Companies Act solvency and liquidity breach risk following the issue of 900 million shares.
- It said the suspension worsened liquidity as creditors pulled back facilities, limiting access to working capital.
- Labat plans to submit a proposal to the JSE to address the dividend non-payment and preserve affected shareholders’ rights.
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