GDF - Gold Reef Resorts - Further announcement regarding the sale of Gold Reef
GDF
GDF
GDF - Gold Reef Resorts - Further announcement regarding the sale of Gold Reef
shares by certain empowerment shareholders to Tsogo Sun
GOLD REEF RESORTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1989/002108/06)
JSE Share Code: GDF ISIN: ZAE000028338
("Gold Reef")
FURTHER ANNOUNCEMENT REGARDING THE SALE OF GOLD REEF
SHARES BY CERTAIN EMPOWERMENT SHAREHOLDERS TO TSOGO SUN
Gold Reef shareholders are referred to the announcement on 20 April 2009,
whereby shareholders were advised, inter alia, that the Gauteng Gambling
Board and the KwaZulu-Natal Gambling Board had approved the application for
the acquisition by Main Street 581 (Proprietary) Limited ("Main Street")
(an indirect wholly-owned subsidiary of Tsogo Sun Holdings (Proprietary)
Limited ("Tsogo Sun")) of the shares of certain empowerment shareholders of
Gold Reef and that the decisions of three other Provincial Gambling Boards
remained outstanding.
Shareholders are now advised that the Western Cape Gambling and Racing
Board, the Free State Gambling and Racing Board and the Eastern Cape Gambling
and Betting Board approved Main Street`s application on 15 May 2009, 26 May
2009 and 26 June 2009 respectively.
The board of directors of Gold Reef (the "Board") welcomes Main Street and
the greater Tsogo Sun group. The Board intends to engage with Tsogo Sun and
will then consider the best approach to ensure that Gold Reef continues to
comply with its objectives of ensuring sufficient empowerment in Gold Reef
for commercial, strategic and regulatory reasons, including complying with
all licence conditions.
Johannesburg
30 June 2009
Sponsor
Nedbank Capital
Date: 30/06/2009 13:27:01 Produced by the JSE SENS Department.
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