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ALERT STEEL HOLDINGS LIMITED - Urgent announcement

Release Date: 04/02/2013 10:52
Code(s): AET     PDF:  
Wrap Text
Urgent announcement

Alert Steel Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2003/005144/06)
(Share Code: AET ISIN Code: ZAE000092847)
("Alert Steel" or "the Company")


URGENT ANNOUNCEMENT



Shareholders are informed that the Companys banker, Nedbank Limited, informed the Company after the 
close of business Friday 1 February 2013 that it had assigned the rights and obligations under its 
Banking Facilities, Property Loan Agreement and Securities to AKM Sons Property Trust and Southern 
Palace Investments 265 (Pty) Ltd.

The requirements of the new creditors are unclear at this stage. Attempts are being made to clarify 
the implications for the Company.


The Board of Directors are considering the implications of the above and will advise shareholders 
of developments as they occur.

4 February 2013
Johannesburg


Designated Advisor
Exchange Sponsors

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