|
|
Efora - quarterly update announcement
Shareholders are referred to the cautionary announcement released on the Stock Exchange News Service (“SENS”) on 21 May 2026 communicating the Board’s decision to pursue provisional liquidation in the circumstances prevailing at that time, following the termination of the transaction then under consideration. Shareholders are advised that that decision did not itself place the Company into liquidation and, as the Company’s circumstances subsequently evolved, the Board continued to manage the Company’s affairs, reduce its operational commitments and consider alternatives to provisional liquidation, including opportunities for the recapitalisation of the Company.
Separately, Shareholders are referred to the announcement released on SENS on 26 August 2026 regarding the liquidation application brought against the Company by Seodi Coal (Pty) Ltd (“Seodi”). On 25 August 2026, the High Court delivered an ex tempore order striking the application from the urgent roll, with costs awarded against Seodi. Accordingly, no provisional liquidation order was granted against the Company. The Company is in the process of obtaining the written order and will advise Shareholders if any material further information arises therefrom once received.
The Company continues to progress its engagements regarding the potential transaction. The outcome of those engagements, together with other relevant considerations, will inform the Company’s approach to the publication of the 2025 Annual Results.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
