ELLIES HOLDINGS LIMITED - Commencement of section 189 consultation process with stakeholders
Commencement of section 189 consultation process with stakeholders
ELLIES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/007084/06)
JSE share code: ELI ISIN: ZAE000103081
("Ellies" or the "Company" or the "Group")
COMMENCEMENT OF SECTION 189 CONSULTATION PROCESS WITH STAKEHOLDERS
Shareholders are advised that the Company will enter into a formal consultation process with relevant stakeholders in
terms of Section 189A ("S189 process") of the Labour Relations Act No. 66 of 1995, regarding the restructuring of
certain operational functions. This is pursuant to ongoing constrained trading conditions being experienced by the
Group.
As part of the S189 process, the Company and affected stakeholders will together consider appropriate measures to
minimise possible retrenchments and seek viable alternatives which will assist the Group in returning to profitability
and ensure the continued operation of Ellies. The Company is committed to following the legislative processes to ensure
that all affected employees are treated fairly.
26 September 2022
Sponsor
Java Capital
Date: 26-09-2022 10:15:00
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