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Application was withdrawn by the Creditor Applicant, pending the outcome of the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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