EVRAZ HIGHVELD STEEL & VANADIUM LTD - Court proceedings by IDC

Court proceedings by IDC

EVRAZ Highveld Steel and Vanadium Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1960/001900/06)
Share code: EHS ISIN: ZAE000146171
(“Highveld” or “the Company”)



NOTICE TO AFFECTED PERSONS OF COURT PROCEEDINGS INSTITUTED AGAINST
HIGHVELD AND THE BUSINESS RESCUE PRACTITIONERS OF HIGHVELD UNDER CASE
NO:   24586/16


1.    Please note that pursuant to the provisions of sections 144, 145,
      and 146 of the Companies Act, 71 of 2008 as amended (“the
      Companies Act”), notice is hereby given to all affected persons
      of urgent court proceedings which were instituted by The
      Industrial Development Corporation of South Africa Limited
      (“IDC”) against Highveld and the joint Business Rescue
      Practitioners of Highveld (“the BRPs”).


2.    In accordance with Regulation 6 of the Companies Act, the details
      of the abovementioned court proceedings are as follows:


      2.1.   On 20 March 2016, the IDC furnished the BRPs with a copy of
             an urgent application in terms of which the IDC sought
             urgently to inter alia perfect its security in terms of the
             general notarial bond registered over the movable assets of
             Evraz in favour of the IDC.


      2.2.   The IDC set the urgent application down for hearing at
             10h00 on Tuesday, 12 April 2016.


      2.3.   The BRPs are in discussions with the IDC to minimise the
             impact of the application on the business rescue.

A copy of the urgent application and its annexures are available on
Highveld’s website at:

Notice of motion

http://www.evrazhighveld.co.za/BusinessRescue/Evraz%20Highveld%20Steel%
20-%20IDC%20Urgent%20Application.pdf



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Annexures MS1 – MS4 of the Notice of Motion:
http://www.evrazhighveld.co.za/BusinessRescue/Evraz%20Highveld%20Steel%
20&%20Vanadium%20-%20Annexure%20A%20-MS1%20to%20MS4.pdf

Annexures MS5 – MS11 of the Notice of Motion:
http://www.evrazhighveld.co.za/BusinessRescue/Evraz%20Highveld%20Steel%
20&%20Vanadium%20-%20Annexure%20B%20-%20MS5%20to%20MS11.pdf



eMalahleni
4 April 2016


J.P. Morgan Equities South Africa (Pty) Ltd.


Sponsor




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