BASIL READ HOLDINGS LIMITED - Consideration of the Basil Read Limited Business Rescue Plan

Consideration of the Basil Read Limited Business Rescue Plan

Basil Read Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE 000029781
(“Basil Read Holdings” or “the company”)

CONSIDERATION OF THE BASIL READ LIMITED BUSINESS RESCUE PLAN

Shareholders are referred to the announcements released on
SENS on Wednesday, 20 June 2018, Friday 17 August 2018
Tuesday, 21 August 2018 and Thursday, 6 September and are
advised that at the adjourned meeting on 27 September 2018,
the Business Rescue Plan (“Plan”),as amended, was adopted by
99% of all creditors and 98% of independent creditors.

Accordingly, the Plan has been adopted in terms of section
152 (4) of the Act and is now binding on the Company and
each of its creditors and shareholders, whether or not such
person -

a)        was present at the meeting;
b)        voted in favour of the Plan; and
c)        in the case of creditors, had proven their claims
against   the Company.

Further updates on the business rescue will be provided in
due course.


Boksburg
28 September 2018

Acting Company secretary
Noxolo Loate


JSE Sponsor
Grindrod Bank Limited

Date: 28/09/2018 12:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
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.