BRIEF-Phumelela Gaming and Leisure Announces Cancellation Of Listing And Trading Of Shares On JSE

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BRIEF-Phumelela Gaming and Leisure Announces Cancellation Of Listing And Trading Of Shares On JSE
Credit: © Reuters.

Dec 11 (Reuters) - Phumelela Gaming and Leisure Ltd PHMJ.J :

* CANCELLATION OF LISTING AND TRADING OF PHUMELELA ORDINARY SHARES ON THE JOHANNESBURG STOCK EXCHANGE

* COMPANY AND ITS BUSINESS RESCUE PRACTITIONER ARE IMPLEMENTING BUSINESS RESCUE PLAN

* INTERIM FINANCIAL DIRECTOR HAS BEEN APPOINTED, THESE POSITIONS WILL NOT BE PERMANENTLY FILLED

* NOT CLEAR AT THIS STAGE WHETHER, AT END OF BUSINESS RESCUE, ANY SURPLUS FUNDS WILL BE AVAILABLE FOR DISTRIBUTION

* BUSINESS RESCUE PLAN PROVIDES FOR SALE OR REALISATION OF ALL ASSETS OF COMPANY AND PAYMENTS OF NET PROCEEDS TO CREDITORS

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