JSE censures Insimbi for closed-period share repurchases

JSE censures Insimbi for closed-period share repurchases

2021-04-14 09:51:00 AM

JSE censures Insimbi for closed-period share repurchases

The group began a repurchase programme during a closed financial period, while CEO Fred Botha gave instructions to a third party, the JSE says

14 April 2021 - 08:45Karl GernetzkySmall-cap metal alloys supplier Insimbi Industrial has been publicly censured by the JSE for a share repurchase programme conducted during a closed financial period.Insimbi entered into a closed period on March 1 2020, a period of time before the release of financial results when there are restrictions on the trading of shares and release of price-sensitive information...

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