RE: 50 million traded in two days post consolidation21 Jul 2020 13:48
Purchased Shares on Thursday on the JSE and received a message that these share purchases will be reversed
"We would like to draw your attention market notice no. 361/2020 detailing a trading halt in Europa Metals Ltd (EUZ) shares dated 20 July 2020.
The JSE Settlement Authority has made the decision to fail the settlement of Europa Metals Ltd (EUZ) trades that were executed on Thursday, 16 July 2020, intended for settlement on Tuesday 21 July 2020, as a result of a market participant not being able to meet their obligations to deliver the relevant securities.
In terms of JSE rule 10.110.1.2, the Settlement Authority hereby has requested us to advise you that your transaction(s) in EUZ executed on the 16th July are the counterpart transactions to the failed trades in terms of rule 10.110.1.1. The JSE Failed Trade Management Process will be systematically executed today after Compulsory Reverse Substitution. The affected transactions on your account will accordingly be reversed. "