| Thu 15 Sep 2011, 16:18 | | GPL - Grand Parade Investments Limited - Results of General Meeting of |
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GPL - Grand Parade Investments Limited - Results of General Meeting of
shareholders
GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
("GPI" or "the Company")
RESULTS OF GENERAL MEETING OF SHAREHOLDERS
1. Shareholders of GPI are referred to the announcements released by
the Company on SENS on 16 May 2011, in the press on 17 May 2011 and
on SENS on 3 August 2011 and to the Company`s circular ("the
Circular") to shareholders issued on 15 August 2011 relating to the
rearrangement of GPI`s and Sun International Limited`s common
interests in certain of their shared investments and involving:
1.1 the sale by GPI and its wholly-owned subsidiary, Business
Venture Investments No 575 (Proprietary) Limited, of certain
shares held by them in SunWest International (Proprietary)
Limited to Sun International (South Africa) Limited ("SISA");
1.2 the sale by GPI of certain shares held by the Company in
Worcester Casino (Proprietary) Limited to SISA;
1.3 the acceptance by GPI and its wholly-owned subsidiary, Utish
Investments (Proprietary) Limited, of an offer, should such
offer be made, by SISA to acquire their entire shareholding in
Real Africa Holdings Limited (such offer only to be made
following the fulfillment of certain preconditions); and
1.4 the restructuring of management arrangements by means of the
cancellation and replacement of certain management agreements.
2. Shareholders are advised that at the general meeting of GPI held on
14 September 2011, the ordinary resolutions, as more fully set out
in the notice of general meeting included in the Circular, were
passed by the requisite majority of shareholders present and
represented by proxy. For the avoidance of doubt, the restructuring
of management arrangements referred to in paragraph 1.4 above, did
not require shareholder approval.
3. As stated in the Important Dates and Times section of the Circular,
GPI anticipates that all conditions precedent to the Proposed
Restructure will be fulfilled by 28 October 2011. Fulfillment of
the conditions precedent will be announced by the Company on SENS.
Cape Town
15 September 2011
Sponsor
PSG Capital (Pty) Limited
Date: 15/09/2011 16:18:14 Produced by the JSE SENS Department.
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