Pinnacle Point Group Limited: Notice of Motion

Pinnacle Point Group Limited: Notice of Motion

September 29, 2011

 

The company has informed The Exchange that, notice is hereby given to all shareholders of Pinnacle Point Group Ltd of a winding-up application in terms of Section 132 (2)(a)(ii) of the Companies Act, 71 of 2008 (“the Act”).

 

1. Shareholders of Pinnacle Point Group Ltd are hereby notified that an application will be heard in the Cape High Court on TUESDAY, 27 SEPTEMBER 2011 at 10h00 or so soon thereafter as counsel may be heard, which application is being brought by Cape Point Vineyards (Pty) Ltd under case number 12746/2011, wherein the following order will be sought:

 

1.1 That the Applicant’s non-compliance with the forms and service provided for in Rule 6 of the Uniform Rules of Court be condoned and that this matter be heard as one of urgency in terms of Rule 6(12) thereof.

 

1.2 Converting the business rescue proceedings of the Company to liquidation proceedings in terms of Section 132(2) (a)(ii) of the Act.

 

1.3 Placing the Respondent under a final winding-up order at the hands of the Master of the High Court (Western Cape, Cape Town).

 

1.4 Alternatively to paragraph 1.3 above:

 

1.4.1 Placing the Company under a provisional winding-up order at the hands of the Master of the High Court (Western Cape, Cape Town);

 

1.4.2 That a rule nisi be issued calling upon any interested party to appear and to show cause, if any, to this Honourable Court on FRIDAY, 4 NOVEMBER 2011 at 10h00 or as soon thereafter as counsel may be heard as to:

 

1.4.2.1 Why the Company should not be placed under final liquidation; and

 

1.4.2.2 Why the costs of this application should not be costs in the winding-up.

 

TAKE NOTICE that shareholders may obtain copies of the winding-up application from Mr. C Assheton- Smith, telephone number 021 – 417 3300 and e-mail cas@glynmarais.co.za or Mr. A Ginsberg, telephone number 021 – 417 3300 and e-mail aginsberg@glynmarais.co.za of attorneys Glyn Marais Inc. who are acting on behalf of the Applicant in the winding-up application.

 

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