Sharenet Sites 
Sharenet Sites
Update Regarding The Deed Of Company Arrangement Proposal For Murray & Roberts To Regain Control Of RUC Cementation
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
(“Murray & Roberts” or “Group”)
UPDATE REGARDING THE DEED OF COMPANY ARRANGEMENT PROPOSAL FOR
MURRAY & ROBERTS TO REGAIN CONTROL OF RUC CEMENTATION MINING
CONTRACTORS
Shareholders are referred to the SENS announcements released on the Stock Exchange
News Service on Monday, 5 December 2022 and Wednesday, 15 February 2023, regarding
the voluntary administration of Murray & Roberts Pty Ltd (“MRPL”), which is the Group’s
holding company in Australia, and one of MRPL’s subsidiary companies, Clough Limited
(“Clough”). Shareholders are also referred to the SENS announcement released on 28 March
2023, regarding the Deed of Company Arrangement (“DOCA”) proposal term sheet with the
objective for Murray & Roberts to regain control of RUC Cementation Mining Contractors Pty
Ltd (“RUC”), another subsidiary of MRPL. The DOCA process with the appointed
Administrators is on an exclusive basis.
On 19 April 2023, the Administrators agreed for Cementation APAC Pty Ltd (a new Australian
registered entity, and a subsidiary of Murray & Roberts United Kingdom Limited) to replace
Murray & Roberts Limited as proponent under the proposed DOCA.
On 27 June 2023, The Federal Court of Australia granted the Administrators an extension to
the convening period for the second creditors meeting, to 31 August 2023. This extension will
allow for a revised DOCA proposal to be finalised and for any relevant conditions to the DOCA
proposal to be satisfied.
The terms of the revised DOCA proposal remain confidential at this stage, and there are
conditions precedent to the DOCA; including credit approval and MRPL creditors approving
the DOCA proposal at the second meeting of creditors. Information about the DOCA proposal
will be available in the Administrators’ report to creditors ahead of the second creditors
meeting. Should the conditions precedent to the DOCA be met, it is expected that the DOCA
will be implemented shortly after the second creditors meeting.
It will be the objective of any revised DOCA proposal that, upon completion of the proposed
DOCA, MRPL will come out of administration. Following any such completion, control of MRPL
and RUC would revert to Murray & Roberts by MRPL becoming a subsidiary of Cementation
APAC Pty Ltd. The reinstatement of RUC within the Group would re-establish the full scale
and capability of the Group’s core multinational Mining Platform.
Bedfordview
27 June 2023
Sponsor: The Standard Bank of South Africa Limited
Date: 27-06-2023 11:52:00
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.
