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Notice of commencement of business rescue and appointment of business rescue practitioner

Published: 2024-02-06 18:30:23 ET

ELLIES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/007084/06)
JSE share code: ELI ISIN: ZAE000103081
(“Ellies” or the “Company”)


NOTICE OF COMMENCEMENT OF BUSINESS RESCUE AND APPOINTMENT OF
BUSINESS RESCUE PRACTITIONER


Shareholders are referred to the SENS announcement released on 31 January 2024 wherein the
Company advised, inter alia, that the board of directors of Ellies (the “board”) had resolved that it
would be in the best interims of the Company to commence with voluntary business rescue proceedings
in terms of section 129 (1) of the Companies Act, No. 71 of 2008.

The board resolution and sworn statement in this regard were filed with the Companies and Intellectual
Property Commission (“CIPC”) on 31 January 2024, and on 1 February 2024, the Company appointed
John Evans as its business rescue practitioner. The relevant notices and supporting documents with
regard to the appointment of the business rescue practitioner have been filed with CIPC.

The Form CoR123.1 Notice of Commencement of Business Rescue Proceedings and Form CoR123.2
Notice of Appointment of Business Rescue Practitioner, together with the resolution and sworn
statement of the board in this regard, are available on the Company’s website at
https://ellies.co.za/commencement-and-appointment/#

Further information in this regard will be released in due course. Shareholders are therefore advised
to continue to exercise caution when dealing in Ellies shares.

6 February 2024


Sponsor

Java Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.