WEZ - Wesizwe Platinum Limited - Michael Solomon And Robert Rainey Withdraw
WEZ
WEZ
WEZ - Wesizwe Platinum Limited - Michael Solomon And Robert Rainey Withdraw
Their Court Application
Wesizwe Platinum Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/020161/06
JSE code: WEZ & ISIN: ZAE000075859
(the "Company" or "Wesizwe")
MICHAEL SOLOMON AND ROBERT RAINEY WITHDRAW THEIR COURT APPLICATION
Subsequent to their removal as directors of Wesizwe Platinum Ltd (the company)
on 2 November 2009, and the company`s announcement to shareholders of their
removal on 3 November 2009, Michael Solomon and Robert Rainey brought an urgent
application against the company and its directors in the South Gauteng High
Court, Johannesburg, requesting the court to interdict and restrain them from
giving effect to the removal.
The company opposed the application as its removal of Solomon and Rainey was in
the best interests of the company and its shareholders, and was both
procedurally and substantively lawful.
The merits of the urgent application were to be heard this morning. However,
Solomon and Rainey have now agreed to withdraw their application against the
company. Accordingly, their removal as directors of the company remains in
place.
Sponsor
Investec Bank Limited
12 November 2009
Date: 12/11/2009 14:04:01 Produced by the JSE SENS Department.
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