JSE-listed Mantengu Mining says it has instituted urgent proceedings in the Gauteng High Court, seeking an order compelling the JSE to publish, in full, on the Stock Exchange News Service (Sens) platform, an announcement submitted to the JSE for release.

Mantengu says it is in compliance with its obligations under the JSE Listings Requirements to inform the market of price sensitive information.

The company explains that the announcement sought to be published contains material, price-sensitive information regarding ongoing defamation litigation, potential financial exposure and developments of significance to Mantengu’s shareholders and the investing public at large.

“Despite Mantengu being of the firm belief that the announcement is compliant with the JSE Listings Requirements, the JSE has declined to release it in the form submitted, proposing extensive excisions which, in Mantengu’s view, would deprive shareholders of crucial context, render the disclosure incomplete and create a misleading impression regarding the company’s position,” the company says.

Mantengu submits that the withholding of the announcement by the JSE, or its publication in truncated form, undermines the principles of full, equal, and timeous disclosure enshrined in the General Principles of the JSE Listings Requirements.

In the premises, the company notes that immediate judicial intervention has been sought in order to ensure that shareholders and the broader market receive the information to which they are entitled through the regulated Sens platform, which ostensibly ensures simultaneous and non-discriminatory dissemination of information to the market.

“Mantengu remains steadfast in its duty to its shareholders, standing firm in its unwavering commitment to absolute transparency and the vigilant protection of investor interests.

“The company is confident that pursuing this matter is essential in order to uphold market integrity and ensure that shareholders and the investing public receive accurate information through the appropriate channels,” the company expresses.

This is the second dispute to arise between Mantengu and the JSE this year. Earlier this year, the miner alleged that the JSE had not taken action against others that the miner believed were involved in manipulating its share price. The JSE denied the accusations and the Financial Sector Conduct Authority said it also found no evidence of such actions.