CONSOLIDATED INFRASTRUCTURE GROUP LIMITED
(in business rescue)
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
JSE share code: CIL ISIN: ZAE000153888
RESULTS OF THE MEETING OF CREDITORS TO CONSIDER THE PROPOSED BUSINESS RESCUE PLAN
Shareholders are referred to the SENS announcement released on Tuesday, 10 November 2020 wherein shareholders were advised that the Company had commenced voluntary business rescue proceedings on 9 November 2020 and to the SENS announcement released on Tuesday, 20 April 2021 wherein shareholders were advised that the duly appointed joint business rescue practitioners of the Company, PF van den Steen and MDT Liebenberg (“BRPs”), published and distributed the proposed business rescue plan for the Company (“Plan”) on 19 April 2021. The Plan can be found on the Company website at www.ciglimited.co.za, under the “Business Rescue” tab.
In addition to the above announcements shareholders are referred to the SENS announcement released on Thursday, 22 April 2021, notifying shareholders of the distribution of a notice to Affected Persons, in terms of section 151 of the Companies Act 71 of 2008, as amended, setting out the details of a meeting of creditors to be held on Friday, 30 April 2021 (“the Meeting”) to consider and approve the Plan.
Results of Meeting
The total voting interests present at the Meeting in person and/or by proxy amounted to 90% of Affected Persons.
Votes cast in favour of the adoption of the Plan by all creditors and any other holders of a voting interest, present and voting at the Meeting:
– 100.00% voted in favour of the Plan;
– 0.00% voted against the Plan; and
– 0.00% abstained from voting on the Plan.
Votes cast in favour of the adoption of the Plan by the independent creditors with voting interests:
– 100.00% of the independent creditors voted in favour of the Plan;
– 0.00% of the independent creditors voted against the Plan; and
– 0.00% of the independent creditors abstained from voting on the Plan.
5 May 2021