Why no Sens on de­lays?

Finweek English Edition - - MARKETPLACE SIMON SAYS -

Cal­gro M3* sent out a press re­lease in which it proudly said it is no longer do­ing “wet work” in the Western Cape due to the on­go­ing drought. It would, how­ever, con­tinue with “dry work” where pos­si­ble, but this would slow devel­op­ment and a three- to four-month de­lay is ex­pected. The prob­lem is that the com­pany did not is­sue a Sens an­nounce­ment, only the press re­lease. So, nor­mal share­hold­ers are un­aware of this devel­op­ment and it will hurt re­sults (pre­sum­ably only mod­estly) as it de­lays 1 750 units, or 25% of its units cur­rently un­der devel­op­ment. But why no Sens?

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