TSOGO SUN HOLDINGS LIMITED - Tsogo Sun to acquire control of Hospitality by vending a portfolio of hotels into Hospitality in exchange for shares
TSH HPB HPA 201608110012A
Tsogo Sun to acquire control of Hospitality by vending a portfolio of hotels into Hospitality in exchange for shares
TSOGO SUN HOLDINGS LIMITED HOSPITALITY PROPERTY FUND LIMITED
(Registration number 1989/002108/06) (Registration number 2005/014211/06)
Share code: TSH Share code for A shares: HPA
ISIN: ZAE000156238 ISIN for A shares: ZAE000203022
(?Tsogo Sun?) Share code of B shares: HPB
ISIN for B shares: ZAE000203030
(Approved as a REIT by the JSE)
(?Hospitality?)
TSOGO SUN TO ACQUIRE CONTROL OF HOSPITALITY BY VENDING A PORTFOLIO OF
HOTELS INTO HOSPITALITY IN EXCHANGE FOR SHARES
Shareholders are referred to various announcements relating to the transaction in terms of which Tsogo Sun will
acquire a controlling stake in Hospitality by vending a portfolio of ten hotel properties into Hospitality in
exchange for the issue of Hospitality ordinary shares (?the Transaction?), the last of which was released jointly
by Tsogo Sun and Hospitality on 15 December 2015 and by Hospitality on 14 April 2016.
Tsogo Sun and Hospitality are pleased to announce that the Transaction has been approved by the Competition
Tribunal, subject to conditions accepted by both parties, and that a merger clearance certificate has been issued.
Accordingly, save for certain administrative conditions precedent that remain to be fulfilled, including, inter
alia, receipt of confirmation by the Companies and Intellectual Properties Commission that it has accepted and
placed on file all relevant documents required to effect the Transaction, the Transaction is now unconditional in
accordance with its terms.
Tsogo Sun and Hospitality anticipate that the remaining conditions precedent to the Transaction will be fulfilled
by 31 August 2016, such that the effective date of the Transaction will be 1 September 2016.
A further announcement will be released regarding fulfilment of the outstanding conditions precedent to the
Transaction at the appropriate time, which announcement will include a detailed timetable for its
implementation.
11 August 2016
Corporate advisor and transaction sponsor to Tsogo Sun
Investec Bank Limited
Sponsor to Tsogo Sun
Deutsche Securities (SA) Proprietary Limited
Corporate law advisor to Tsogo Sun
Tabacks
Corporate advisor and transaction sponsor to Hospitality
Java Capital
Sponsor to Hospitality
Rand Merchant Bank (A division of FirstRand Bank Limited)
Corporate law and tax advisors to Hospitality
ENS Africa
Date: 11/08/2016 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
