News Banner

Our Publications

Business Rescue Process: Optimum Coal Mine

MEMORANDUM

 

TO:                 ALL MEMBERS OF UASA-THE UNION: OPTIMUM COAL MINE

FROM:            ADVOCATE NICK VAN ROOYEN

                        DIVISIONAL MANAGER: LEGAL AND SPECIALIST SERVICES

DATE:             Monday September 28,2020 

SUBJECT:      BUSINESS RESCUE PROCESS: OPTIMUM COAL MINE (“OCM”)

____________________________________________________________________________

A meeting was held today on Monday September 28, 2020 in terms of section 151 of the Companies Act in order to consider a remaining and sole bid for Optimum Coal Mine by Templar Capital Limited.

By a vote in excess of 87% of the Creditors, the Business Rescue Plan was approved today. Once substantial compliance with the conditions of the bid has been confirmed by the Business Rescue Practitioners members of UASA-The Union will be advised of developments as they unfold.

Yours faithfully

 

 

ADVOCATE NICK VAN ROOYEN

DIVISIONAL MANAGER: LEGAL AND SPECIALIST SERVICES


Contact Us

011 472 3600

pr@uasa.org.za

 

42 Goldman Street

Florida, Gauteng, 1709

Call Centre Number

0861 008 272

 

Registered with Department of Labour

LR 2/6/2/1499

twitter icons    linkedin icons    facebook icons    whatsapp icons

Divider