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FURTHER UPDATE ANNOUNCEMENT REGARDING LIQUIDATION PROCEEDINGS
NUTRITIONAL HOLDINGS LIMITED
(Registration number: 2004/002282/06)
(Incorporated in the Republic of South Africa)
(Share Code: NUT ISIN Code: ZAE000298568)
(“the Company” or “Nutritional Holdings”)
FURTHER UPDATE ANNOUNCEMENT REGARDING LIQUIDATION PROCEEDINGS
Shareholders are referred to the previous SENS announcement dated 10 August 2022
regarding the opposition to granting of the final liquidation of the Company as well as the
defence of the application for the provisional liquidation of Nutritional Foods Proprietary
Limited (“NF”).
In order to provide more clarity, shareholders are referred to the table below:
Details Nutritional Holdings Nutritional Foods
Former director and Mr Anthony (Tony) Richard Mr Anthony (Tony) Richard
shareholder who initiated Pinfold through Pop-Up Pinfold through Pop-Up
the Liquidation application Trading 39 (Pty) Ltd (“Pop-
Up”)
High Court and Judge Kwa-Zulu Natal Local North-West High Court
Division Mafikeng
Honourable Mr Justice Judge Snyman
Lopes
Shareholder contesting the Mr Nico Oosthuizen Mr Nico Oosthuizen CA(SA)
Liquidation application CA(SA) through Ontario through Ontario Private Equity
Private Equity (Pty) Ltd on (Pty) Ltd on behalf of NF
behalf of the Company
Terms and Conditions of Kurt Knoop has been The court hearing was held on
Liquidation order appointed as liquidator. 11 August 2022 and the matter
An application is being was successfully postponed to
made to set aside the final 16 February 2023
liquidation order as
detailed on SENS on 10
August 2022.
Finalisation of Liquidation The matter is being As above
opposed and application
made to set the order
aside
Expected distribution to If successful, no distribution Unknown at this point in time
shareholders would be expected to
unsecured creditors or
shareholders.
Assets held Shares in NF and Property, Plant and Equipment
Ukusekela from which the food
manufacturing operations are
conducted as a going
concern
Loan and security Loan from Pop Up, Shareholder loan from
secured by a notarial Nutritional Holdings
bond, procedural
outcome thereto is being
investigated and
challenged at present.
Shareholders will be advised on any further progress regarding the above matters.
By order of the Board
Durban
18 August 2022
Date: 18-08-2022 05:14:00
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