SUBSTANTIAL IMPLEMENTATION OF BUSINESS RESCUE PLAN AND RESIGNATION OF DIRECTORS
The Business Rescue Plan adopted by the Creditors and Shareholders on the 19th of May 2016 has been substantially implemented as provided for in terms of the Business Rescue Plan and in terms of Section 152(8) of the Companies Act 71 of 2008.
A Notice of Substantial Implementation of a Business Rescue Plan was filed and accepted by the Companies and Intellectual Property Commission (CIPC) on the 11th August 2016. The business rescue proceedings ended with the filing of the Notice in terms of Section 132(2)(c)ii of the Companies Act.
In accordance with the business rescue transaction, the following directors resigned simultaneously with the filing of the Substantial Implementation Notice :
Willem Coetzee
Glenwood Coulter
Robert Lewis
Malcolm Leitch
Naran Maharaj
Lawrence Peter Repar
Christopher Andrew Virostek
Hilton Loring remains as the sole director of the Company.
PIERRE DE VILLIERS BERRANGÉ SENIOR BUSINESS RESCUE PRACTITIONER 12 August 2016Masonite (Africa) Limited published this content on 12 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 August 2016 06:45:01 UTC.
Original documenthttp://www.masonite.co.za/news/2016/MASONITE (AFRICA) LIMITED – Substantial implementation of business rescue plan and resignation of directors.pdf
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