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UPDATE OF PROVISIONAL JUDGEMENT APPLICATION AND 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”)
UPDATE OF PROVISIONAL JUDGEMENT APPLICATION AND RENEWAL OF CAUTIONARY
ANNOUNCEMENT
Shareholders are referred to the previous SENS announcement dated 12 April 2022 wherein
the Company learnt that a former shareholder and director had taken steps to apply for a
provisional 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 are advised that both the matters went to Court and the NF matter was
successfully postponed to July 2022. However, for the company, judgement regarding the
application has not been formalized and the company is awaiting the official court
document concerning this matter.
Kindly note that the application has been brought by a former director and shareholder and
this matter is being investigated by the new board, as it appears that there may have been
breaches of both the Companies Act and the JSE Listings Requirements when the directors
granted themselves security over their loan, as well as a number of other concerns around
the quantum of the loan. A letter of financial support had been provided by such
shareholders and directors as included in the results announcement published on SENS on
31 May 2019.
In addition, a shareholder has undertaken to make an approach directly to the parties to
withdraw the matter and settle any disputes in an amicable manner in the best interests of all
stakeholders.
The company is also awaiting the ruling on the S122 that is currently being investigated by
the JSE/TRP in dealings of shares associated with affected shareholders.
Shareholders are reminded to continue to exercise caution when dealing in their securities.
By order of the Board
Durban
7 June 2022
Date: 07-06-2022 04:44:00
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