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AFRISTRAT INVESTMENT HOLDINGS LIMITED - Update on Liquidation Application

Release Date: 24/07/2023 15:15
Code(s): ATI ATIFX7 ATIFX8 ATIFX9 ATIZR3 ATID ATIG     PDF:  
Wrap Text
Update on Liquidation Application

AFRISTRAT INVESTMENT HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI -      ISIN: ZAE000305959
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
(“Afristrat” or “the Company”)


UPDATE ON LIQUIDATION APPLICATION


Holders of securities are referred to the announcement released on SENS on 3 July 2023 (and
using the terms defined therein unless otherwise specified) wherein they were advised, inter
alia, that:

-   judgement in the urgent liquidation application launched by an ordinary shareholder against
    the Company, as set out in the announcement released on SENS on 21 October 2022 (“the
    Liquidation Application”) which had been set down for hearing in Court on 8 and 9 June
    2023, was reserved; and

-   a creditor of the Company (“Creditor Applicant”) had launched its own liquidation
    application against the Company (“Creditor Application”) which had been set down on
    the unopposed motion roll on 20 July 2023.

    The board of directors of Afristrat hereby advises holders of securities that the Creditor
    Application was withdrawn by the Creditor Applicant, pending the outcome of the
    Liquidation Application.

Holders of securities will be provided with a further update once judgement in the Liquidation
Application is handed down.

24 July 2023
Centurion

Sponsor
Merchantec Capital

Date: 24-07-2023 03:15:00
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