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Hwange Colliery Company Limited - Notice To Shareholders And Cautionary Statement

Release Date: 28/06/2016 08:00:00      Code(s): HWA     
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 Cautionary Statement

Debt Management Plan
The Directors of Hwange Colliery Company Limited wish to advise all shareholders that in an
Order dated the 1st of June 2016, the High Court under case number HC5016/16 granted
the Company leave to convene meetings for secured and concurrent creditors under the
Chairmanship of Mr Andrew Lawson to consider, and if deemed fit, agree to, with or without
modification, a Scheme of Arrangement proposed by the Company.

It is envisaged that the meetings will be held on 14 July 2016 at Chapman Golf Club, 1
Henry Chapman Road, Eastlea, Harare, Zimbabwe, at 1000hrs. The date is dependent on
all the necessary requirements having been put in place, failing which, authority for variation
of the dates shall be sought from the High Court.

Further Cautionary
Further to the previous cautionary announcements relating to the Company being engaged
in discussions that may lead to transactions which may have an impact on the share price,
Shareholders are advised that discussions referred therein are still in progress. In the
interim, the Company is engaging its creditors in order to come up with a mutually
acceptable debt management plan. Pending finalisation of these 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 (ACTING)


Johannesburg
Sponsor: Sasfin Capital
(A Division of Sasfin Bank Limited)

Financial Advisor
CBZ Holdings

Sponsoring Broker
Banc ABC

Legal Advisors
Mawere Sibanda

28 June 2016
Johannesburg


Directors: W Chitando (Chairman), S T Makore (Managing Director),
W T Kutekwatekwa, N Masuku, J Muskwe, V Vera


www.hwangecolliery.net

Date: 28/06/2016 08:00:00 Supplied by www.sharenet.co.za                     
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