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GROUP FIVE LIMITED - Notification of results of meeting of creditors to consider the proposed business rescue plan

Release Date: 12/09/2019 09:55
Code(s): GRF     PDF:  
 
Wrap Text
Notification of results of meeting of creditors to consider the proposed business rescue plan

Group Five Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/000032/06)
Share code: GRF ISIN: ZAE000027405
(‘Group Five’ or ‘the Company’)

Notification of results of meeting of creditors to consider the proposed business rescue plan

Shareholders are referred to the SENS announcement of Friday, 30 August 2019 wherein shareholders
were advised of the publication of the Business Rescue Plan which was available on the Company’s
website.

On 11 September 2019, the duly appointed business rescue practitioners , Dave Lake and Peter van den
Steen, convened the Meeting of Creditors of Group Five Limited and Group Five Construction (Pty)
Limited to consider the Business Rescue Plan for each entity at separate meetings in terms of sections
151 and 152 of the Companies Act 71 of 2008 ("the Act").

Results of meeting

Group Five Limited

The total voting interests present at the meeting in person and/or by proxy amounted to 97,6%.
One Hundred percent (100%) of the total voting interests voted in person and/or by proxy at the meeting
in favour of the adoption of the Business Rescue Plan.

Group Five Construction (Pty) Limited

The total voting interests present at the meeting in person and/or by proxy amounted to 88%.
Ninety Six percent (96,2%) of the total voting interests voted in person and/or by proxy at the meeting in
favour of the adoption of the Business Rescue Plan.


12 September 2019

Sponsor

Nedbank Corporate and Investment Banking


Johannesburg

Date: 12/09/2019 09:55:00
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