TRELLIDOR HOLDINGS LIMITED - Update On Labour Court Judgement

Update On Labour Court Judgement

Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company” or “the Group”)


UPDATE ON LABOUR COURT JUDGEMENT


Shareholders are referred to the Company’s SENS announcement dated 7 March 2022,
regarding the Labour Appeal Court’s judgement, dismissing the Company’s appeal against an
April 2020 Labour Court judgement, in terms of which the Company had been ordered to
reinstate 42 employees of 123 which were dismissed in 2013, and to make certain limited
back-pay payments to these employees calculated from 1 January 2017.

As announced by the Company in its trading statement published on SENS on 6 July 2022,
the Company subsequently applied to the Constitutional Court for leave to appeal the
aforementioned Labour Appeal Court decision and the board resolved to include a provision
of R32.1 million for the full financial impact of the Labour Court judgement, including the limited
back-pay, current wage costs, restructuring costs and legal costs thereof, in its financial results
for the year ended 30 June 2022.

Shareholders are advised that on 24 October 2022, the board received notice of the
Constitutional Court’s order, dated 21 October 2022, in terms of which leave to appeal the
Labour Appeal Court decision, was refused.

The Company will now engage with the relevant labour union on the implementation of the
Labour Court judgement. Shareholders will be updated via SENS of any further developments
in this regard.


Durban
24 October 2022

Sponsor
PSG Capital  

Date: 24-10-2022 04:30:00
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