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HULAMIN LIMITED - Impact of Social Unrest on Group Operations

Release Date: 14/07/2021 10:56
Code(s): HLM     PDF:  
Wrap Text
Impact of Social Unrest on Group Operations

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1940/013924/06
JSE Code: HLM
ISIN: ZAE000096210
(“Hulamin”, the “Group” or the “Company”)

IMPACT OF SOCIAL UNREST ON GROUP OPERATIONS


Hulamin is located in a semi-industrial area in Pietermaritzburg, KwaZulu Natal. Since Sunday, 11 July
2021 the local climate around the Company’s operations has been volatile due to significant social
unrest. A number of neighbouring retail stores have been looted and one has been gutted by fire. To
date there has been no damage to Hulamin’s property or assets.

Public transport in Pietermaritzburg and surrounding areas has been suspended, resulting in
employee turnout being low.

Hulamin’s top priority is the safety of its people and assets.

The Company has accordingly suspended operations on Monday, 12 July 2021.

The Company is insured for all assets and loss of income.

The Company strongly appeals to the Government and the security cluster to restore law and order
to our community. Once stability has been established, employees will be able to return to work and
operations can recommence.

Shareholders will be updated as the situation develops.


Pietermaritzburg
14 July 2021


Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 14-07-2021 10:56:00
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