The Huge Group says it's pleased that its dispute with the JSE has ended.
Yesterday, the JSE announced it had imposed a public censure on the company relating to the purchase of derivatives contracts in October 2008. The group is also pleased that no fine was imposed on the company, according to a statement.
Although two directors, James Herbst and Anton Potgieter, were fined R5-million each in their personal capacities, there will be no costs to the company.
However, the Huge Group board of directors has stated that Potgieter and Herbst will have the full support of the board should they decide to appeal against the penalties.
"Huge, as a company, now wishes to put this matter behind it and focus on its profitable managed telecommunications business and exciting developments such as the Eyeballs technology," the statement reads.