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Outcome of application in terms of the Companies Act for an extension of time to publish the Business Rescue Plan
Chemical Specialities Limited
Incorporated in the Republic of South Africa
Registration number 2005/039947/06
Share code: CSP &CSPP
ISIN: ZAE000109427 & ZAE000184305
("Chemspec" or "the Company")
OUTCOME OF APPLICATION IN TERMS OF SECTION 150(5) OF THE COMPANIES
ACT 71 OF 2008 FOR AN EXTENSION OF TIME TO PUBLISH THE BUSINESS
RESCUE PLAN
Shareholders are referred to the announcements released on SENS on
11 March 2015, 17 March 2015 and 14 April 2014 and are advised that
Creditors of the Company voted overwhelmingly in favour of allowing
the Business Rescue Practitioners an extension of time within which
to publish the Business Rescue Plan of the Company.
The voting was as follows:
1. Value of claims for the Extension R218,946,246.00 (70 votes)
2. Value of claims against the Extension R227,918.00 (5 votes)
The BRP’s must now publish their Business Rescue Plan on or before
the 30th of May 2015.
A copy of the above notice is available on the Company’s website
hosted at www.chemspecpaint.com. Please direct all enquires to the
following email address: businessrescue@chemspecpaint.com
Durban
20 April 2015
Designated Advisor:
Grindrod Bank Limited
Date: 20/04/2015 02:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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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.
