EVRAZ HIGHVELD STEEL & VANADIUM LTD - De- Listing of Securities

Release Date: 25/07/2017 08:26
Code(s): EHS
 
Wrap Text
De- Listing of Securities

EVRAZ Highveld Steel and Vanadium Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1960/001900/06)
Share code: EHS ISIN: ZAE000146171
(“Highveld” or “the Company”)



DE-LISTING OF SECURITIES

Shareholders are advised that the Company entered into Business Rescue
in terms of the Companies Act, 71 of 2008 on 13 April 2015 and failing
the proposed sale of the Company to IRL, the Joint Business Rescue
Practitioners implemented proposal 3 of the business rescue plan which
envisaged the orderly wind down of the Company, which is still
currently ongoing.


Unfortunately, due to the current status of the Company and given the
current suspension of the Company listing, the Company is unable to
meet its obligations in terms of the JSE Listing Requirements.


In light of the above, the Issuer believes that it is in the best
interests of the Company to support a decision by the JSE for the
removal of the Issuers listing


Shareholders  are therefore advised that the JSE, on 12 July 2017,
granted the Company’s request for delisting.


Last day to trade                    Tuesday, 15 August 2017
Record date                          Friday, 18 August 2017
Termination date                     Tuesday, 22 August 2017


Notes:
1. All of the dates and times set out in this announcement are subject to
   change, with the approval of the JSE, if required. Any change in the dates
   and times will be published on SENS and in the South African press.

2. All times given in this announcement are local times in South Africa.


3. No dematerialisation or rematerialisation of Highveld Shares may take place
    after the LDT.




                                                                                           1
eMalahleni
25 July 2017
J.P. Morgan Equities South Africa (Pty) Ltd.
Sponsor




                                               2

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