GPL - Grand Parade Investments Limited - Fulfilment of conditions precedent in
GPL
GPL
GPL - Grand Parade Investments Limited - Fulfilment of conditions precedent in
respect of the additional Real Africa Holdings Limited ("RAH") acquisitions
Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL ISIN: ZAE000119814
("GPI" or "the company")
Fulfilment of conditions precedent in respect of the additional Real Africa
Holdings Limited ("RAH") acquisitions
Shareholders are referred to the announcement as published on SENS on 10 June
2008 ("the announcement") in respect of the additional RAH acquisitions and
should note that all of the conditions precedent to the aforementioned
transaction have now been fulfilled with the JSE Limited having approved the
listing of 14 680 202 ordinary GPI shares as part settlement of the additional
RAH acquisitions.
Shareholders should note that on 13 June 2008, the Board resolved to amend
certain of the terms and conditions of the extended RAH offer, as defined in the
announcement, such that the condition precedent as referred to in paragraph 4.3
of the announcement regarding the renunciation by those participating RAH
minority shareholders of at least 35% of their rights to subscribe for the GPI
shares to suitably qualified BEE parties, was waived.
The additional RAH acquisitions bring GPI`s shareholding in RAH to 30.57%.
19 June 2008
Cape Town
Sponsor
PSG CAPITAL
Corporate adviser
LEAF CAPITAL
Date: 19/06/2008 15:56:37 Produced by the JSE SENS Department.
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