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Edcon launches ‘compromise sanction process' for proposed capital restructuring

13 December 2016

Johannesburg, 13 December 2016: Following the announcements on 20 September 2016 and 13 October 2016 (the “Transaction Announcements”) that Edcon’s creditors will acquire a significant shareholding in the Group in exchange for a rearrangement of Edcon’s debt, the Board of Edcon has today announced the launch of the ‘compromise sanction process’ for the proposed financial restructuring of the Group (“Restructuring”).

Download: compromisesanction.pdf


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