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QHL
QHL
QHL - Queensgate Hotels and Leisure Limited - Change in interest in securities
pursuant to the acquisition of Queensgate business development (PROPRIETARY)
limited ("QBD")
QUEENSGATE HOTELS AND LEISURE LIMITED
(Formerly Cyberhost Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/013649/06)
Share code: QHL ISIN code: ZAE000113718
(`Queensgate` or `the Company`)
CHANGE IN INTEREST IN SECURITIES PURSUANT TO THE ACQUISITION OF QUEENSGATE
BUSINESS DEVELOPMENT (PROPRIETARY) LIMITED ("QBD")
Shareholders are referred to the SENS announcement dated 7 January 2009. As a
result of the purchase consideration of R75 million for the acquisition of 100%
of the issued share capital in Queensgate Business Development (Proprietary)
Limited from Queensgate Holdings (Proprietary) Limited ("QH") being settled by
the issue of new ordinary shares in Queensgate, and the settlement of advisory
fees by QH, the following information is disclosed in compliance with rules 3.63
- 3.74 of the JSE Listings Requirements:
Name of director: AJ Hubbard
Name of company: Queensgate
Date of transaction: 8 January 2009
Class of securities: Ordinary shares
Number of securities: 176 850 000
Nature of transaction: Issue
Transaction price: 20 cents per share
Total value of transaction: R35 370 000
Nature of interest: Indirect beneficial
Extent of interest: 11.01%
Name of director: HGB Friedrichsen
Name of company: Queensgate
Date of transaction: 8 January 2009
Class of securities: Ordinary shares
Number of securities: 116 775 000
Nature of transaction: Issue
Transaction price: 20 cents per share
Total value of transaction: R23 355 000
Nature of interest: Indirect beneficial
Extent of interest: 7.27%
Name of director: JC Human
Name of company: Queensgate
Date of transaction: 8 January 2009
Class of securities: Ordinary shares
Number of securities: 2 565 000
Nature of transaction: Issue
Transaction price: 20 cents per share
Total value of transaction: R513 000
Nature of interest: Indirect beneficial
Extent of interest: 0.16%
Name of director: MH Weetman
Name of company: Queensgate
Date of transaction: 8 January 2009
Class of securities: Ordinary shares
Number of securities: 2 565 000
Nature of transaction: Issue
Transaction price: 20 cents per share
Total value of transaction: R513 000
Nature of interest: Indirect beneficial
Extent of interest: 0.16%
In addition, an amount of 1 500 000 ordinary shares were issued to Arcay Moela
Sponsors (Proprietary) Limited in lieu of advisory fees.
Johannesburg
12 January 2009
Designated Advisor
Arcay Moela Sponsors (Pty) Ltd
Date: 12/01/2009 11:19:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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