DeZwarteRidder schreef op 11 juli 2018 16:25:
Overview of the Steps Plan
The Steps Plan sets out the steps that will be required to implement the Restructuring, as envisaged by the Term Sheet, on a contractual basis with the various creditors groups. However, given the complexity of the Group’s debt instruments and number of creditors involved, it may not be possible for the Group to achieve the relevant approval thresholds for a contractual implementation. Therefore, the Steps Plan sets out the steps required for the Group to make use of certain restructuring procedures under applicable law that may facilitate the implementation of the Restructuring with lower approval thresholds required to bind dissenting or non-consenting creditors (assuming the statutory approval thresholds and other requirements are met).
Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group. JSE Sponsor: PSG Capital Stellenbosch, 11 July 2018