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Creditors vote in favour of Mapochs Mine business rescue plan
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”)
CREDITORS VOTE IN FAVOUR OF MAPOCHS MINE BUSINESS RESCUE PLAN
Shareholders are advised that on Monday 30 November 2015 the
creditors of Mapochs Mine Proprietary Limited (“Mapochs Mine”) in
which Highveld has a majority shareholding of 74%, also in business
rescue, voted in favour of its Business Rescue Plan (“the Plan”)
whereby the Mapochs Mine avoided liquidation and remains in
business.
The Plan provides for, inter alia, the purchase of creditors’
claims, excluding the claims of Highveld and employees, against
Mapochs Mine by Hong Kong based major metals company
International Resources Project Limited, also the successful
bidder in Highveld.
The link to the Plan is
http://www.evrazhighveld.co.za/BusinessRescue/Mapochs%20Mine%20(Prop
rietary)%20Limited%20--%20Business%20Rescue%20Plan%20%20-
%2020%20November%202015.pdf
and the final numbers of the vote will be published on the
Highveld website –
http://www.evrazhighveld.co.za/BusinessRescue.asp
eMalahleni
2 December 2015
Sponsor
J.P. Morgan Equities South Africa Proprietary Limited
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