Sharenet Sites 
Sharenet Sites
Voluntary business rescue application in respect of Consolidated Power Projects Proprietary Limited
CONSOLIDATED INFRASTRUCTURE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
JSE share code: CIL ISIN: ZAE000153888
(“CIG” or the “Company” or the “Group”)
VOLUNTARY BUSINESS RESCUE APPLICATION IN RESPECT OF CONSOLIDATED POWER PROJECTS PROPRIETARY LIMITED
Since March of 2019, shareholders have been advised of the ongoing efforts of the Company and its funders to
conclude various agreements to restructure the short-term debt profiles of both the Company and its subsidiary,
Consolidated Power Projects Proprietary Limited (“Conco”), into a longer-term, more sustainable, debt structure. In
August of 2020, the Group appointed advisors to assist in finalising the debt restructure process timeously.
Despite the Company’s continued focus on Conco’s financial recovery, negotiations with funders for a voluntary
restructure have been unsuccessful.
As a result, shareholders are advised that on Monday, 2 November 2020, the board of directors of Conco resolved that
it will be in the best interests of Conco, to commence with voluntary business rescue proceedings in terms of section
129 of the Companies Act, 71 of 2008. The board resolution of Conco to this effect was filed with the Companies and
Intellectual Property Commission (“CIPC”) today, Monday, 2 November 2020 and Conco is currently awaiting
confirmation from CIPC of the filing to proceed with the voluntary business rescue.
The Conco board of directors is currently finalising the appointment of a business rescue practitioner and will lodge
the necessary documents for their appointment with CIPC in the next few days.
Shareholders will be updated as further material information becomes available.
In addition, an update on the debt restructure negotiations with CIG lenders, which includes the Conco funders where
CIG had provided parent company guarantees for the debt incurred by Conco, will be provided as soon as possible.
Shareholders are referred to the cautionary announcement published on Monday, 26 October 2020 and are reminded to
continue to exercise caution when trading in CIG shares until a further announcement in this regard is made.
3 November 2020
Sponsor
Java Capital
Date: 03-11-2020 09:56:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
