GDF - Gold Reef Resorts Limited - Proposed merger of Gold Reef and Tsogo Sun
GDF
GDF
GDF - Gold Reef Resorts Limited - Proposed merger of Gold Reef and Tsogo Sun
Holdings (Proprietary) Limited ("TSOGO")
Gold Reef Resorts Limited
(Incorporated in the Republic of South Africa)
Registration number 1989/002108/06
Share Code: GDF
ISIN: ZAE000028338
("Gold Reef")
PROPOSED MERGER OF GOLD REEF AND TSOGO SUN HOLDINGS (PROPRIETARY) LIMITED
("TSOGO")
Gold Reef shareholders are referred to the announcements published by Gold
Reef on the Securities Exchange News Service of the JSE Limited on 18 February
2010, 1 April 2010 and 26 April 2010 as well as the circular dated 3 April 2010
detailing the terms of the proposed merger of the respective Tsogo and Gold
Reef gaming and hotel businesses through the acquisition by Gold Reef of the
entire issued share capital of Tsogo from Tsogo Investment Holding Company
(Proprietary) Limited and SABSA Holdings (Proprietary) Limited.
The investigation stage of the competition approval process has been finalised
and the Competition Commission has recommended that the Competition Tribunal
should, in making its decision, consider imposing a condition that the merged
entity should dispose of Silverstar Casino. The merging parties will make
representations at the Competition Tribunal hearing in this matter, with a
view to obtaining an unconditional approval from the Competition Tribunal.
Gold Reef shareholders will be kept informed through further announcements
as appropriate.
Johannesburg
4 October 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 04/10/2010 17:39:01 Produced by the JSE SENS Department.
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