JSE
GEN
SRP - Securities Regulation Panel - Announcement
IN THE SECURITIES REGULATION PANEL
In the matter between :
TSOGO SUN HOLDINGS LIMITED Applicant
And
GOLD REEF CITY RESORTS LIMITED Respondent
Having heard the oral submissions and considered documentation presented to the
Securities Regulation Panel, it is held that Gold Reef City Resorts Limited is
in breach of Rules 13, 16, 19 and 20.
The effect of such breach is that the Securities Regulation Panel would not have
approved the transaction as presented to it at that time.
In view of the announcement on 31 January 2008 by Gold Reef Resorts Limited that
the deadline date for meeting the conditions precedent under the Scheme of
Arrangement would expire at 5.00 p.m. today, it is desirable that our ruling be
given before then. The Securities Regulation Panel will give its full reasons
within the statutory period provided.
DATED AND SIGNED THIS DAY OF FEBRUARY 2008.
N Matlala
______________________
Advocate B Spilg SC
_____________________
N Lowenthal
______________________
P Stratten
______________________
B Yeowart
______________________
Date: 01/02/2008 16:41:52 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
