BIOSCIENCE BRANDS LIMITED - Application for liquidation received
BIO 201307310020A
Application for liquidation received
BIOSCIENCE BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/005805/06)
(JSE code: BIO ISIN: ZAE000115036)
(BioScience or the Company)
Application for liquidation received and cautionary announcement
BioScience originated from a suspended company, Wellco Brands Limited (Wellco). Prior to its
suspension, Wellco borrowed R2 million from Dr AP Ferreira. BioScience has repaid Dr Ferreira
R2,3 million towards capital and interest. There is still an amount of R0,6 million due to Dr
Ferreira.
Dr Ferreira has issued a notice of motion for the liquidation of BioScience. Notice thereof was
received on 30 July 2013. BioScience is assessing its options and continues to attempt to settle
the matter with Dr Ferreira amicably.
BioScience has been pursuing a restructuring which would settle creditors of the remaining
trading company and sought to establish a shell for the benefit of shareholders and creditors
of BioScience itself. The effect of a possible liquidation thereon is being assessed.
Under the circumstances shareholders are advised to exercise caution when dealing in the
Companys securities until a further announcement is made.
Johannesburg
31 July 2013
Designated Adviser
Exchange Sponsors
Date: 31/07/2013 10:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
