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Censures imposed on CEO of Bonatla Property

Also fined R500 000 (R250 000 of which is suspended for twenty four months).

The JSE’s decision is based on the fact that Mr Vontas in his capacity as the CEO of Bonatla misled the JSE by providing the regulator with written undertakings that it had fulfilled all the criteria for listing thereby causing the JSE to lift the suspension of Bonatla securities in August 2009.  Mr Vontas also failed to inform the JSE of material events and information affecting the status of Bonatla’s listing on the JSE as soon as he became aware thereof or at any time thereafter, which information formed the basis of the JSE’s decision to lift the suspension of Bonatla’s securities.

Read the SENS announcement

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