TSH - Tsogo Sun Holdings Limited - Fulfilment of conditions precedent relating
TSH
TSH
TSH - Tsogo Sun Holdings Limited - Fulfilment of conditions precedent relating
to the acquisition of an additional effective interest in Hotel Formula 1 (PTY)
LTD and related property companies
Tsogo Sun Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1989/002108/06)
Share code: TSH
ISIN: ZAE000156238
("Tsogo Sun" or "the Company" or "the Tsogo Sun Group")
FULFILMENT OF CONDITIONS PRECEDENT RELATING TO THE ACQUISITION OF AN ADDITIONAL
EFFECTIVE INTEREST IN HOTEL FORMULA 1 (PTY) LTD AND RELATED PROPERTY COMPANIES
("HOTEL FORMULA 1")
Tsogo Sun shareholders are referred to the announcement published by Tsogo Sun
on the Securities Exchange News Service of the JSE Limited on 8 December 2011
detailing the terms of the agreement between Southern Sun Hotels (Pty) Ltd
("Southern Sun"), a wholly-owned subsidiary of Tsogo Sun, and Accor Group
("Accor") whereby Southern Sun acquired an additional 52,6% interest in Hotel
Formula 1 ("the Transaction"), bringing the Tsogo Sun Group`s effective
shareholding in Hotel Formula 1 to 100%.
Shareholders are advised that all conditions precedent to the Transaction have
been fulfilled and the Transaction has become unconditional with effect from 29
March 2012.
Fourways
29 March 2012
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 29/03/2012 12:50:02 Produced by the JSE SENS Department.
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