GRAND PARADE INVESTMENTS LIMITED - Exclusive Licence With Dunkin Brands International Fulfillment Of Condition Precedent
GPL 201602170051A
Exclusive Licence With Dunkin’ Brands International – Fulfillment Of Condition Precedent
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”)
EXCLUSIVE LICENCE WITH DUNKIN’ BRANDS INTERNATIONAL –
FULFILLMENT OF CONDITION PRECEDENT
Shareholders are referred to the SENS announcement dated 22
January 2016 (“Announcement”), whereby shareholders were
advised that GPI had signed an exclusive master franchise
agreement with Dunkin’ Brands International (“Agreement”) to
develop two of the world’s most recognisable brands, Dunkin’
Donuts and Baskin-Robbins, in South Africa with a right of
first refusal (ROFR) to enter Namibia, Botswana, Zambia and
Mauritius(“Transaction”).
Shareholders are advised that the condition precedent to the
Agreement has now been fulfilled and that the Transaction is
accordingly unconditional.
Cape Town
17 February 2016
Sponsor:
PSG Capital Proprietary Limited
Date: 17/02/2016 04:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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