RBA HOLDINGS LIMITED - Court orders granted for commencement of business rescue proceedings and withdrawal of cautionary announcement
RBA 201602230033A
Court orders granted for commencement of business rescue proceedings and withdrawal of cautionary announcement
RBA HOLDINGS LIMITED (IN BUSINESS RESCUE)
(Incorporated in the Republic of South Africa)
(Registration number: 1999/009701/06)
(Share Code: RBA ISIN Code: ZAE000199642)
(“RBA” or “the Company”)
COURT ORDERS GRANTED FOR COMMENCEMENT OF BUSINESS RESCUE
PROCEEDINGS AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders and interested parties are referred to the
announcements released on SENS on 9 and 18 February 2016.
The High Court of South Africa, Gauteng Local Division,
Johannesburg, today granted orders placing the Company
and its subsidiary, RBA Developments (JHB) Proprietary
Limited, under supervision and commencing business rescue
proceedings in terms of section 131(1) of the Companies
Act, 2008.
Mr Trevor Glaum was appointed as the interim business
rescue practitioner of both companies. In terms of section
140(1)(a) of the Companies Act, 2008, he will now have full
management control of both companies.
Shareholders are advised that the Company’s shares remain
suspended on the JSE and caution is no longer required to
be exercised when dealing in the company’s securities. The
business rescue practitioner will issue monthly progress
reports as required by the JSE.
23 February 2016
Braamfontein
Designated Adviser
Exchange Sponsors
Date: 23/02/2016 01:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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