CHROMETCO LIMITED - Update on business rescue proceedings of Black Chrome Mine Proprietary Limited and renewal of cautionary
Update on business rescue proceedings of Black Chrome Mine Proprietary Limited and renewal of cautionary
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/026265/06)
Share code: CMO
ISIN: ZAE007020249
("Chrometco" or "the Company")
UPDATE ON BUSINESS RESCUE PROCEEDINGS OF BLACK CHROME MINE
PROPRIETARY LIMITED AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released on SENS on
13 July 2022, in which shareholders were advised that there were circumstances relating to
a material subsidiary of the Company which were being assessed, which could have a
material effect on the price of the Company’s securities, and accordingly that shareholders
should exercise caution when dealing in the Company’s securities.
Shareholders are further referred to the SENS announcement released on 14 July 2022
wherein shareholders were advised that the board of a material subsidiary of the Company,
Black Chrome Mine Proprietary Limited (“Black Chrome Mine”), had voluntarily resolved to
place Black Chrome Mine under business rescue.
Shareholders are advised that following a meeting of creditors between the business rescue
practitioner of Black Chrome Mine and its creditors, it has been agreed that the publication
of the business rescue plan has been extended to 31 August 2022.
Shareholders are accordingly advised to continue to exercise caution when dealing in the
Company’s securities until a further announcement has been made.
Johannesburg
26 July 2022
Designated Advisor
PSG Capital
Date: 26-07-2022 04:00:00
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
