WSL - Wescoal Holdings Limited - Interdict granted in favour of Wescoal
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE Share code: WSL ISIN: ZAE000069639
("Wescoal" or "the Company")
INTERDICT GRANTED IN FAVOUR OF WESCOAL
Shareholders are referred to the announcement dated 7 July 2011 that Wescoal
launched an urgent application with the High Court during March 2011 to
interdict Sutha Civils (Pty) Ltd ("Sutha") from continuing to make
unsubstantiated and derogatory statements in respect of Wescoal and Wescoal
Mining (Pty) Ltd ("Wescoal Mining") and that an interim order was granted.
Shareholders are advised that the South Gauteng High Court has today granted an
order in favour of Wescoal and Wescoal Mining against Sutha, Nico Swart and
Wimpie Badenhorst ("the three respondents"). The three respondents are
interdicted from publishing injurious and/or false statements of and concerning
Wescoal and/or Wescoal Mining, including but not limited to statements to the
- either of the Wescoal companies is unable to pay its debts;
- the Khanyisa Colliery has no coal;
- either Wescoal or Wescoal Mining has falsely blamed the rain for its lack
of production at the Khanyisa Colliery; and
- the coal reserves at the Khanyisa Colliery have been fraudulently
overstated by either Wescoal and/or Wescoal Mining.
The Court inter alia found that Sutha`s actions and statements were
unsubstantiated, malicious, groundless and devoid of truth, and that the
unlawful conduct of Chris Broodryk clearly indicated that all Sutha wanted to do
was extricate payment from Wescoal.
Wescoal and Wescoal Mining have been directed by the Court to institute their
action for final relief and damages against the three respondents within 30 days
Further comments from the Chief Executive Officer of Wescoal are available on
Wescoal`s website www.wescoal.com. The judgement and order will be placed on the
website as soon as they are available.
28 July 2011
Date: 28/07/2011 16:08:01 Supplied by www.sharenet.co.za
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