GDF - Gold Reef - Proposed Merger of Gold Reef and Tsogo Sun Holdings
GDF
GDF
GDF - Gold Reef - 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, 26 April 2010 and 4 October 2010 as well as the circular dated 3
April 2010 detailing the terms of the proposed merger ("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 ("TIH") and SABSA Holdings
(Proprietary) Limited ("SABSA") in exchange for the issue of shares in Gold Reef
to each of TIH and SABSA.
Shareholders are advised that the gaming regulatory approvals, for the
acquisitions of financial interests arising from the Proposed Merger, have now
been received from the Gauteng Gambling Board (which approval is conditional on
the receipt of approval of the Proposed Merger from the Competition Authorities,
which approval is, in any event, a condition precedent to the Proposed Merger)
and the KwaZulu-Natal Gambling Board (which approval is unconditional).
Shareholders will be notified through further announcements as appropriate.
Johannesburg
15 November 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Legal adviser
Edward Nathan Sonnenbergs Inc
Date: 15/11/2010 08:00:16 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.
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.
