UBUBELE HOLDINGS LIMITED - Extension To The Deadline For The Publication Of The Business Rescue Plans Of Ububele Holdings Limited
UBU 201409120028A
Extension To The Deadline For The Publication Of The Business Rescue Plans Of Ububele Holdings Limited
UBUBELE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/011074/06)
Share code: UBU
ISIN Code: ZAE000144739
(“Ububele” or “the Company”)
EXTENSION TO THE DEADLINE FOR THE PUBLICATION OF THE BUSINESS
RESCUE PLANS OF UBUBELE HOLDINGS LIMITED AND SUBSIDIARIES
1. Shareholders are referred to previous SENS announcements
concerning the business rescue proceedings in Ububele and in
nine of its subsidiaries (“the Ububele Subsidiaries”).
2. In terms of section 146(a) of the Companies Act 71 of 2008
(“the Act”), each holder of any issued security of a company
is entitled to notice of each court proceeding or “other
relevant event” relating to the business rescue.
3. Shareholders were previously advised that the business
rescue practitioners appointed in respect of Ububele and the
Ububele Subsidiaries intended to apply to the High Court of
South Africa (Western Cape Division, Cape Town) for an order
extending the time periods prescribed for the publication of
the business rescue plans in terms of section 150(5) of the
Act.
4. The application was filed on 10 September 2014 and was heard
on 12 September 2014.
5. The order granted by the Honourable Mr Justice S Desai
provides that:
5.1. the time periods within which the business rescue
plans must be published be extended to 23 October
2014;
5.2. the duration of the business rescue proceedings be
extended to 3 December 2014.
6. Copies of the order granted in this matter, as well as all
notices and announcements relating to the business rescue
proceedings, will be made available on the website
www.tinyurl.com/mazars-ububele. Alternatively, you may
request a copy by emailing k.vandepol@bowman.co.za.
12 September 2014
Cape Town
Designated Adviser
PSG Capital
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