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ALERT STEEL HOLDINGS LIMITED - New court order re business rescue proceedings, application for liquidation and further cautionary announcement

Release Date: 30/07/2014 10:57
Code(s): AET     PDF:  
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New court order re business rescue proceedings, application for liquidation and further cautionary announcement

ALERT STEEL HOLDINGS LIMITED (IN BUSINESS RESCUE)
(Incorporated in the Republic of South Africa)
(Registration number 2003/005144/06)
JSE code: AET ISIN: ZAE000170395
(“Holdings”)


New court order re business rescue proceedings of Alert Steel Holdings, application for
liquidation and further cautionary announcement

Shareholders are referred to the announcement released on SENS on 18 July 2014 regarding the
Application for Liquidation of Holdings.
Court order
On 29 July 2014 Juanito Damons (‘the applicant’), the Business Rescue Practitioner of Holdings, filed
a notice of motion against Holdings (‘the respondent’). In the notice the applicant applied to the High
Court as a matter of urgency to be heard on Tuesday 5 August 2014, for an Order in the following
terms:
    1. That this application be heard on an urgent basis and that the failure to comply with the
       normal time periods, manners of service and enrolment be condoned in terms of Unifom Rule
       6(12);
    2. The respondent’s business rescue is herewith discontinued and the respondent placed in final
       liquidation.
    3. The applicant’s fees as business rescue practitioner shall form part of the administration costs
       of the respondent in liquidation.
    4. The costs of this application shall form part of the administration costs of the Respondent in
       liquidation.
    5. Further and/or alternative relief.
Further cautionary announcement

In the light thereof shareholders are advised to continue to exercise caution when dealing in the
securities of Holdings until a further announcement has been made.

30 July 2014
Pretoria


Designated Adviser
Exchange Sponsors

Date: 30/07/2014 10:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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