HCI - Hosken Consolidated Investments Limited - Fulfilment of conditions
HCI
HCI
HCI - Hosken Consolidated Investments Limited - Fulfilment of conditions
precedent
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
("HCI")
PROPOSED MERGER OF TSOGO SUN HOLDINGS (PROPRIETARY) LIMITED AND GOLD REEF
RESORTS LIMITED
Shareholders are referred to the announcements published by HCI on the Stock
Exchange News Service of the JSE Limited on 18 February 2010, 26 April 2010,
and 15 November 2010 regarding the proposed merger of the gaming and hotel
businesses of Tsogo Sun Holdings (Proprietary) Limited, a 51% held subsidiary
of HCI, and Gold Reef Resorts Limited. Shareholders are advised that approval
has been received from the Mpumalanga Gambling Board and the Western Cape
Gambling and Racing Board subject to the condition that the Proposed Merger is
approved by the Competition Authorities (which is, in any event, a condition
precedent to the Proposed Merger). These approvals are in addition to the
approvals already granted by the Gauteng Gaming Board and the Kwa-Zulu Natal
Gaming Board as announced to shareholders on 15 November 2010.
3 December 2010
Cape Town
Sponsor: Investec Bank Limited
Date: 03/12/2010 08:30:01 Produced by the JSE SENS Department.
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