GRAND PARADE INVESTMENTS LIMITED - Category 2 Transaction Announcement Subscription For 10% Of Spur Corporation Limited - Condition Precedents Fulfil
GPL 201410300013A
Category 2 Transaction Announcement – Subscription For 10% Of Spur Corporation Limited - Condition Precedents Fulfil
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”)
CATEGORY 2 TRANSACTION ANNOUNCEMENT – SUBSCRIPTION FOR 10% OF SPUR
CORPORATION LIMITED - CONDITION PRECEDENTS FULFILLED
Shareholders are referred to the Company`s announcement released on
SENS on 31 July 2014 regarding the category 2 transaction in terms
of which GPI entered into definitive agreements to subscribe for 10%
of the issued ordinary share capital of Spur Corporation Limited
(“Spur”) as part of a strategic Broad-Based Black Economic
Empowerment (“B-BBEE”) transaction for a total purchase
consideration of R294.7 million (the “Proposed Transaction”).
Shareholders are advised that all the conditions precedent to the
Proposed Transaction have now been fulfilled and that the Proposed
Transaction has accordingly become unconditional. GPI has been
issued with 10 848 093 ordinary shares in the issued listed ordinary
share capital of Spur.
30 October 2014
Sponsor
PSG Capital
Corporate adviser
Leaf Capital
Legal adviser
Bernadt Vukic Potash & Getz
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