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Kensington Park Properties Ltd - Undertaking

Page last updated: 5 Mar 2007

The Kensington Park Properties Limited and the Directors(Patrick Marinus Fontein, Allan Graham Clarke) accepted that Securities have been offered to the public for subscription, without a registered prospectus or an investment statement, in contravention of the requirements of the Securities Act 1978 and the Securities Regulations 1983.

5 March 2007

Enforceable undertaking

The Company and the Directors were, at the time of offer of the Securities, unaware that offers were made in contravention of the Securities Act and advised the Commission of the breach. They offered undertakings to the Commission to remedy the situation, and to ensure that no further breaches occur.