Outcome of the Trustee approval meeting held on 18 January

We advise that the outcome of the voting was as shown in the table below

We are disappointed at this result but not surprised and it is clear that Nova implemented a strategy to achieve that result

All is not lost and we are addressing it in order to plot our way forward and will inform members of this in due course

We thank all Debenture and Proxy Holders & their underlying Proxy Givers, who went to the meeting and voted. Likewise, we thank all of the those Debenture Holders who gave proxies to Herman Lombaard and Deon Pienaar

Your support and involvement are very much appreciated

The picture included below is of Deon Pienaar with Aleta Labuscghagne who travelled from Port Edward (at the southern tip of KZN) to vote at the meeting


 

Disclaimer and entry/usage Terms and Conditions (T&C)

By clicking the “Agree” button below and entering this site, you agree that the material contained herein is for information purposes and is for the personal use of and by bona fide users (being registered Nova Debenture Creditors or their bona fide representatives) only

You also confirm that you are a Debenture Creditor or a bona fide representative of same  

If you are not one of the above you are not entitled to enter this site or to access or use any of the information contained in it and should exit the site immediately

The website will be continuously updated and/or reviewed and its content will be relevant to bona fide NDCAG matters only (but allowing for the posting, sharing and archiving of information relevant to other property syndication issues and action groups) and used only in connection with the NDCAG agenda as may be published and changed from time to time

The content is subject to change without prior notice. The unauthorised use or interception of material, data, information or documents on this website is strictly prohibited and illegal. If this website is not intended for you, you may not copy, distribute or disclose the contents to anyone. The aforesaid is done entirely at your own risk, for which NDCAG and/or any of its agents, nominees or members, shall not be liable.

Any usage that you make of information herein and/or any reliance that you place on same is also strictly at your own risk.

No content in this website implies, states or should be construed as, an undertaking, commitment or guarantee by NDCAG to obtain repayment of amounts invested by anyone, in the former Sharemax property syndication products and which investments are now in the form of Nova Debentures issued in terms of the November, 2011 Schemes of Arrangement