Zimbabwe Government Gazette dated 2004-09-07 number 72C

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Vol: LXXXU, No. Re

: General Notice 450B:of s004..
PRESIDENTTAL“POWERS “TEMPORARY: ME:
“PRESIDENTIAL POWERS“(TEMPORARY ‘ME URES). STCOMPANI OF STATE:INDEBTED INSOLVENT
(RECONSTRUCTION OF STATE-INDEBTED INSOLVENT
COMPANIES) REGULATIONS, 200:

Reconstruction Order:‘SMM Holdings (Private) mited

tial:
IT-is hereby, notified in terms: of section 4. Sf. the Presiden
- Powers (Temporary Measures): (Reconstruction: ‘of. State-Indebte
. Insolvent Companies) Regulations, 2004,that the Minister of Ju
tice, Legal and Parliamentary Affairs, after ‘consultation with the:
Acting Minister of Finance and:Economic Developinent— foe
©) issues a reconstruction order:in ‘elation. to—
“SMM Holdings (Private) Limited; ,
. and’
(b). appoints Mr. Afaras. Muausi Gwaradzimbato be:the admin-
“-dstrator of the company under’ réconstruction; ‘together ‘with:
the following assistant administrators under: hi§.control: and
‘direction—
W). Mr. . Forbes Mugumbat, ‘who nal
administrator at Shabani: v
ay Mr. Robert Kaisi, who shall be the assistant. administr
tor at Gaths Mine;
Gi. Me. Gideona:Chendaia op \
ee _ assistant administratorfor SI-Farms
fi
(c). directs that, ‘from the date of publication of this order—.
, (i) the company. under: reconstruction. shall ‘be underthe:*
_ control ‘and managementofthe. administrator;.and.
: Gi) theboard of the company.under reconstruction shallbe
= t: s divested ofthe control and managemen fithe‘company
oss affairs; and athe companiesimderfeconstruction:shallbe unde
“controland:‘mahag ement 0‘ofthe-administi
6 “iyany person ‘managing OF controlling : company” 8
’ affairs in any capacity other than as simply amember of. ii).théboardsofthé compan
the board referred to abové: shall:continue -in office Poet: -. be’. divested’.‘of:“the: contro!
subject to the control and direction of-4and be answer |... a companies’, affairs;and
able to, the administrator; i) any person. ‘managing ® or
affairsinanycapacity oth
- and “aboard referred.to ab
. (a). ‘confers upon the administrator the power; ‘to.the control a nd-directio
:, Tightsof.the creditors’ofthe company;t0-Tai
way; withoutthe authority: of sharehiold IS
the reconstruction:of the company: upon
Tights of the cteditorsofthe:ccomp
- The Reconstruction Order publishediin General Notice¢4504 of. LE way” without the authority of share
2004, on the 6th September, 2004, is hereby repealed. : the reconstruction ofthe.company: = .

. P. A CHINAMASA;;
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