To view the PDF file, sign up for a MySharenet subscription.

ALERT STEEL HOLDINGS LIMITED - Update on Business Rescue Proceedings of Alert Steel (Pty) Ltd. and Renewal of Cautionary Announcement

Release Date: 23/06/2014 12:12
Code(s): AET     PDF:  
Wrap Text
Update on Business Rescue Proceedings of Alert Steel (Pty) Ltd. and Renewal of Cautionary Announcement

ALERT STEEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/005144/06)
JSE code: AET ISIN: ZAE000092847
(“Holdings”)


UPDATE ON BUSINESS RESCUE PROCEEDINGS OF ALERT STEEL (PTY) LTD. AND RENEWAL
OF CAUTIONARY ANNOUNCEMENTS

1. Shareholders are referred to the previous announcements released on SENS relating to the business
rescue proceedings of Alert Steel (Pty) Ltd (‘Alert Steel’), a wholly owned subsidiary of Holdings and
Holdings (collectively ‘the companies’) in terms of Section 129 of the Companies Act, 2008 (‘the Act’),
as amended.

2. The business rescue plan for Alert Steel, together with annexures, were published on 20 June 2014,
and distributed to affected persons (defined in Section 128(1) of the Act as shareholders, creditors and
employees of the Company). The business rescue practitioner, Mr Zaheer Cassim can be contacted
by e-mail at br@cassimlaw.co.za or admin@businessrescuepartner.co.za.

3. Shareholders are advised to continue to exercise caution when dealing in Holdings’ securities until
further information with regards to the status of the business rescue processes in respect of both
companies is provided.

23 June 2014
Pretoria


Designated Adviser
Exchange Sponsors.

Date: 23/06/2014 12:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story