TREMATON CAPITAL INVESTMENTS LIMITED - Disposal of interest Club Mykonos Casino fulfilment of condition precedent
TMT 201612120023A
Disposal of interest Club Mykonos Casino fulfilment of condition precedent
TREMATON CAPITAL INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/008691/06)
JSE share code: TMT
ISIN: ZAE000013991
(“Trematon” or the “Company” )
DISPOSAL OF INTEREST IN MYKONOS CASINO FULFILMENT OF CONDITION PRECEDENT
1. Fulfilment of condition precedent
Trematon shareholders are referred to the detailed terms announcement released on SENS on 14
November 2016 wherein they were advised that Trematon had, via Club Mykonos Langebaan Proprietary
Limited, its wholly owned subsidiary (“CML”), entered into an informal agreement (“Agreement”) with Tsogo
Sun Holdings Limited (“Tsogo”) in terms of which CML would enter into definitive agreements with Tsogo to
dispose of its 29.64% interest in West Coast Leisure Proprietary Limited, which holds the West Coast Casino
License operated by Tsogo at the Mykonos Casino, for an aggregate consideration of R190 million (“the
Disposal”).
In terms of the Agreement the Disposal was subject only to the conclusion of a definitive agreement between
the parties on substantially the same terms as the Agreement. Shareholders are advised that such a
definitive agreement has been concluded on 9 December 2016 and that the Disposal will accordingly be
implemented.
2. Categorisation
The Disposal is categorised as a Category 2 transaction in terms of the Listings Requirements of the JSE
and does not require the approval of Trematon shareholders in general meeting.
Cape Town
12 December 2016
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Legal Advisor:
Bernadt Vukic Potash & Getz
Date: 12/12/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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