UBUBELE HOLDINGS LIMITED - BRPs to Apply to High Court for Further Extension to Deadlines

BRPs to Apply to High Court for Further Extension to Deadlines

UBUBELE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/011074/06)
Share code: UBU
ISIN Code: ZAE000144739
(“Ububele” or “the Company”)


BRPS TO APPLY TO HIGH COURT FOR FURTHER EXTENSION TO DEADLINES

Shareholders are referred to previous SENS announcements concerning
the business rescue proceedings in Ububele and in nine of its
subsidiaries (“the Ububele Subsidiaries”).

The business rescue practitioners (“BRPs”) appointed in respect of
Ububele and the Ububele Subsidiaries intend to launch another
application in the High Court of South Africa (Western Cape
Division, Cape Town) for an order extending the time periods
prescribed for the publication of a business rescue plan in terms of
section 150(5) of the Companies Act 71 of 2008 (“the Act”).

The BRPs will also apply for an extension to the three-month time
limit for business rescue proceedings as contemplated by section
132(3) of the Act.

The application will be filed on 21 October 2014 and will be set
down for hearing on 23 October 2014.

The circumstances necessitating this application will appear from
the founding affidavits of the BRPs, copies of which can be
requested by emailing k.vandepol@bowman.co.za.

Copies of any order granted in this matter, as well as all notices
and announcements relating to the business rescue proceedings in
Ububele and in the Ububele Subsidiaries, will be made available on
the website http://brilliantcareersatmazars.co.za/ububele


21 October 2014
Cape Town

Designated Adviser
PSG Capital

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