| Thu 24 Nov 2016, 8:00 | | HWANGE COLLIERY COMPANY LIMITED - Notice To Shareholders And Further Cautionary Statement |
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HWA 201611240008A
Notice To Shareholders And Further Cautionary Statement
HWANGE COLLIERY COMPANY LIMITED
(Incorporated in Zimbabwe under registration number 381/1954)
ZSE Share Code: HCCL.ZW ISIN: ZW0009011934
JSE Share Code: HWA ISIN: ZW0009011934
LSE Share Code: HWA ISIN: ZW0009011934
Notice To Shareholders And Further Cautionary Statement
Rights Issue
Further to the cautionary statement published on 7 October 2016, Hwange Colliery Company Limited
wishes to advise its Shareholders and the public that after consultations with major Stakeholders and
professional advisors the Company has found it prudent to pursue a debt management plan ahead of
any capital raising initiatives. As such the Company has suspended discussions involving the rights
issue and private placement and is at advanced stages of a Scheme of Arrangement with creditors.
Scheme Meeting
Pursuant to the granting of the High Court Order authorizing the Company to convene scheme
meetings, the Company is finalizing engagements with its creditors for a mutually acceptable debt
management plan. The Creditors and Shareholders of Hwange Colliery Company Limited shall be
notified of the Scheme Meeting date, time and venue.
Further Cautionary
Pending finalization of the foregoing discussions, Shareholders and members of the Public are
advised to exercise caution when dealing in the Company’s shares and to consult their professional
advisers before dealing in the Company’s shares.
By order of the Board
A. MASIYA
HEAD, LEGAL & COMPANY SECRETARY
24 November 2016
Johannesburg Sponsor:
Sasfin Capital
(A Division of Sasfin Bank Limited)
Financial Advisor:
CBZ Holdings
Sponsoring Broker:
Banc ABC
Legal Advisors:
Mawere Sibanda
Directors: W Chitando (Chairman), S T Makore (Managing Director), W T Kutekwatekwa, N Masuku,
J Muskwe, A M Ngapo, V Vera
www.hwangecolliery.net
Zimbabwe
24 November 2016
Date: 24/11/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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