Renewal of cautionary Announcement
Renewal of cautionary Announcement LABAT AFRICA LIMITED Incorporated in the Republic of South Africa (Registration number 1986/001616/06) JSE code: LAB ISIN: ZAE000018354 (“Labat” or “the Company” or “the Group”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the various cautionary announcements published on SENS in relation to the disposal of Force Fuel (Pty) Limited (“Force Fuel”) and Force Fuel Properties (Pty) Limited (“Force Fuel Properties”) (both in Business Rescue) and the negotiations with an Eastern Cape based Pharmaceutical business to acquire 100% of its operations, the last of which was dated 2 July 2021. The Force Fuel and Force Fuel Properties creditors’ meeting held on 1 April 2021 was adjourned in order to prepare an amendment to the approved business plans to allow for the submission of bids in a simpler format. The amendment to the approved business plans was published on the 15 June 2021 and the Section 155 meeting to approve the amendment was held on 24 June 2021. The creditors present and entitled to vote approved the amendment unanimously and the practitioner is proceeding to its implementation as approved. It is expected that everything should be finalised by the end of September 2021 as the investors have requested certain assurances which the Business Rescue Practitioner has undertaken to secure prior to implementing the plan. Shareholders are advised to continue exercising caution when trading in the Company’s shares until such time as further announcements in respect of the above corporate actions are made. JOHANNESBURG 16 August 2021 Sponsor AcaciaCap Advisors Proprietary Limited Date: 16-08-2021 05:02:00 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.