Go Back Email this Link to a friend


Hwange Colliery Company Limited - Notice To Shareholders And Further Cautionary Statement

Release Date: 24/11/2016 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 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 Supplied by www.sharenet.co.za                     
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.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.