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Renewal of Cautionary announcement
NUTRITIONAL HOLDINGS LIMITED
(Registration number: 2004/002282/06)
(Incorporated in the Republic of South Africa)
(Share Code: NUT ISIN Code: ZAE000298568)
(“the Company” or “the Group”)
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the previous SENS announcements the last of which was
dated 10 August 2022 wherein the Company learnt that a former shareholder and
director had taken steps to apply for the liquidation of both Nutritional Foods
Proprietary Limited (“NF”), a wholly owned subsidiary of the Company, as well the
Company to recover a shareholder loan. Shareholders were advised that both the
matters went to Court and the NF matter was postponed to July. However, the
provisional liquidation against the Company had been granted. Interested
shareholders (“Shareholders”) are lodging an intervening application to rescind the
liquidation order.
The Company has successfully stayed the liquidation application for NF to a Court
date of February 2023 for Mahikeng and the final liquidation order was granted for
Holdings in Durban. The attorneys on file did not make the representation as
expected, hence the Company has appointed new attorneys to file the rescission
application. This will be filed this week. The Company is of the opinion that it has
substantial supporting documentation to succeed in this application and once
again regain control of NF and then finalise the Company’s assessment.
Thereafter, the intention is to settle the matter in a fair manner to the benefit of all
stakeholders and proceed with finalising the audit and publication of outstanding
financial information to regularise compliance with the JSE Listings Requirements.
A further announcement in this regard will be published in due course. Shareholders
are reminded to continue to exercise caution when dealing in their securities.
By order of the Board
Durban
21 September 2022
Date: 21-09-2022 01:31:00
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