RBA HOLDINGS LIMITED - Court orders granted for commencement of business rescue proceedings and withdrawal of cautionary announcement

Court orders granted for commencement of business rescue proceedings and withdrawal of cautionary announcement

RBA HOLDINGS LIMITED (IN BUSINESS RESCUE)
(Incorporated in the Republic of South Africa)
(Registration number: 1999/009701/06)
(Share Code: RBA ISIN Code: ZAE000199642)
(“RBA” or “the Company”)

COURT ORDERS GRANTED FOR COMMENCEMENT OF BUSINESS RESCUE 
PROCEEDINGS AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
 
Shareholders and interested parties are referred to the 
announcements released on SENS on 9 and 18 February 2016.

The High Court of South Africa, Gauteng Local Division, 
Johannesburg, today granted orders placing the Company 
and its subsidiary, RBA Developments (JHB) Proprietary 
Limited, under supervision and commencing business rescue 
proceedings in terms of section 131(1) of the Companies 
Act, 2008.

Mr Trevor Glaum was appointed as the interim business 
rescue practitioner of both companies. In terms of section 
140(1)(a) of the Companies Act, 2008, he will now have full 
management control of both companies.
  
Shareholders are advised that the Company’s shares remain 
suspended on the JSE and  caution is no longer required to 
be exercised when dealing in the company’s securities. The 
business rescue practitioner will issue monthly progress 
reports as required by the JSE.

23 February 2016
Braamfontein

Designated Adviser
Exchange Sponsors

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