WSL - Wescoal Holdings Limited - Liquidation application set aside with costs
WSL
WSL
WSL - Wescoal Holdings Limited - Liquidation application set aside with costs
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE Share code: WSL ISIN: ZAE000069639
("Wescoal" or "the Company")
LIQUIDATION APPLICATION SET ASIDE WITH COSTS
Shareholders are referred to the announcement dated 20 July 2011 where it was
made known that Wescoal filed a notice of motion in respect of an urgent
application to set aside the Sutha Civils (Pty) Ltd ("Sutha") application for
the winding up of a subsidiary of Wescoal, Wescoal Mining (Pty) Ltd ("Wescoal
Mining").
Shareholders are advised that the North Gauteng High Court granted an order in
favour of Wescoal and Wescoal Mining against Sutha on 2 August 2011. The order
sets aside Sutha`s application for the winding up of Wescoal Mining, with costs
on the attorney and own client scale. There was no representative of, or counsel
for, Sutha present at the hearing.
Wescoal will be pursuing a substantial damages claim against Sutha, Nico Swart
and Wimpie Badenhorst, jointly and severally.
The court order will be placed on Wescoal`s website www.wescoal.com as soon as
it is available.
3 August 2011
Johannesburg
Sponsor
Exchange Sponsors
Date: 03/08/2011 08:01:19 Produced by the JSE SENS Department.
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