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PETMIN LIMITED - Update on arbitration proceedings

Release Date: 21/05/2015 14:50
Code(s): PET     PDF:  
Wrap Text
Update on arbitration proceedings

PETMIN LIMITED 
Incorporated in the Republic of South Africa 
Registration Number 1972/001062/06 
Share Code JSE: PET 
ISIN: ZAE000076014  
("Petmin" or "the Company") 

UPDATE ON ARBITRATION PROCEEDINGS

Shareholders are advised, that Petmin's subsidiary Tendele Coal Mining (Pty) 
Limited, has withdrawn from the arbitration with its customer, as described in Note 
13 of Petmin's December 2014 Interim Financial Statements published on Sens on 
Tuesday 24 February 2015 and will now seek declaratory relief from the High Court 
that the contract concerned is void.

This course of action has been taken due to information recently coming to Tendele's 
and Petmin's attention during the course of the arbitration proceedings which is being 
considered and dealt with by Petmin. 

This announcement is not related to the cautionary notice published by Petmin on 
Sens on Monday 18 May 2015 which remains in effect

Petmin
Bradley Doig
+27 11 706 1644

Media
Jonathon Rees
+27 76 185 1827

Sponsor and Corporate Advisor
River Group

Johannesburg
21 May 2015



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