{"id":23375,"date":"2012-10-01T09:00:21","date_gmt":"2012-10-01T07:00:21","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=23375"},"modified":"2012-10-01T09:13:58","modified_gmt":"2012-10-01T07:13:58","slug":"telkom-may-have-broken-jse-rules","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/23375\/telkom-may-have-broken-jse-rules\/","title":{"rendered":"Telkom may have broken JSE rules"},"content":{"rendered":"

Telkom<\/a> may have broken JSE<\/a> listing rules when it did not notify its shareholders that two of its directors would retire from the board this month, according to Monday’s Business Report.<\/p>\n

The two, Jackie Huntley<\/a> and Julia Hope<\/a>, would be retiring after Telkom’s annual general meeting (AGM) on October 24.<\/p>\n

Shareholders only became aware of this when they received their AGM notices last week, the newspaper reported. Analysts said the delay in notification did not meet Johannesburg Stock Exchange requirements.<\/p>\n

According to the AGM notices Huntley and Hope had not made themselves available for re-election.<\/p>\n

This meant that three of the five government-appointed directors on the Telkom board would be retiring in October. Board chairman Lazarus Zim<\/a> announced his retirement last month.<\/p>\n

Section 3.59 of the JSE listings requirements states that a company must notify the JSE of the retirement of the director “without delay and not later than by the end of the business day following the decision”.<\/p>\n

Related articles<\/strong><\/p>\n

Delays putting Telkom behind competitors<\/strong><\/a><\/p>\n

Telkom future in cabinet hands<\/strong><\/a><\/p>\n

Telkom options not tabled before Cabinet<\/strong><\/a><\/p>\n

Telkom shares off 5.3%, awaits fate<\/strong><\/a><\/p>\n

Telkom delivers earnings warning<\/strong><\/a><\/p>\n

Telkom rallies 5% on nationalisation rumour<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Telkom appears to have broken JSE rules by not adhering to notification requirements of two retiring directors <\/p>\n","protected":false},"author":4,"featured_media":16269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,4230,175,65,4265],"class_list":["post-23375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-johannesburg-stock-exchange","tag-jse","tag-telkom","tag-telkom-agm"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=23375"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23375\/revisions"}],"predecessor-version":[{"id":23378,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/23375\/revisions\/23378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/16269"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=23375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=23375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=23375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}