{"id":61128,"date":"2012-10-01T08:55:38","date_gmt":"2012-10-01T06:55:38","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=61128"},"modified":"2012-10-01T09:47:09","modified_gmt":"2012-10-01T07:47:09","slug":"telkom-may-have-broken-jse-rules","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/61128-telkom-may-have-broken-jse-rules.html","title":{"rendered":"Telkom may have broken JSE rules"},"content":{"rendered":"

Telkom<\/a> may have broken JSE 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<\/h3>\n

New Telkom ADSL speed upgrades start<\/strong><\/a><\/p>\n

Telkom ADSL speed upgrade details<\/strong><\/a><\/p>\n

40Mbps Telkom VDSL hands-on<\/strong><\/a><\/p>\n

Broadband speeds: SA drops back<\/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":33,"featured_media":56463,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[35,511,109,15880],"class_list":["post-61128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-headline","tag-jse","tag-telkom","tag-telkom-agm"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/61128"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=61128"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/61128\/revisions"}],"predecessor-version":[{"id":61130,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/61128\/revisions\/61130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/56463"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=61128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=61128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=61128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}