EVRAZ HIGHVELD STEEL & VANADIUM LTD - Notice of court proceedings instituted against inter alia Evraz Highveld Steel And Vanadium Limited
EHS 201510230023A
Notice of court proceedings instituted against inter alia Evraz Highveld Steel And Vanadium Limited
EVRAZ Highveld Steel and Vanadium Limited
(Incorporated in the Republic of South Africa)
Registration No: 1960/001900/06)
Share code: EHS ISIN: ZAE000146171
(“Highveld” or “the Company”)
NOTICE OF COURT PROCEEDINGS INSTITUTED AGAINST INTER ALIA EVRAZ
HIGHVELD STEEL AND VANADIUM LIMITED (IN BUSINESS RESCUE)
(“HIGHVELD”), THE BUSINESS RESCUE PRACTITIONERS OF HIGHVELD AND
AFFECTED PERSONS
Shareholders are advised that East Metals AG (“EM”) and Mastercroft
S.A.R.L (“Mastercroft”) has instituted court proceedings against
inter alia Highveld, the joint Business Rescue Practitioners of
Highveld (“the BRPs”) and several other affected persons of
Highveld.
In accordance with Regulation 6 of the Companies Act, the details of
the abovementioned court proceedings are as follows:
1.1. On or about 21 October 2015, EM and Mastercroft furnished
the BRPs with a copy of an application in terms of which EM
and Mastercroft seek to inter alia declare:
1.1.1. the business rescue plan of Highveld invalid;
1.1.2. that the vote which took place at the meeting on 13
October 2015, in terms of which the business rescue
plan was adopted, invalid and to have the vote set
aside; and
1.1.3. that the agreement on the remuneration of the BRPs
as provided for in the business rescue plan as
invalid and set aside.
1.2. Highveld and the BRPs intend opposing the application.
A full copy of the papers in the above application is available on
request at mscruse@matusonassociates.co.za.
eMalahleni
23 October 2015
Sponsor
J.P. Morgan Equities South Africa Proprietary Limited
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