GRAND PARADE INVESTMENTS LIMITED - GPI To Exit Poor Performing Assets
GPL 201902150016A
GPI To Exit Poor Performing Assets
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")
GPI TO EXIT POOR PERFORMING ASSETS
Shareholders are hereby advised that GPI will exit its poor performing assets Dunkin Donuts
and Baskin Robbins and has today filed an application for the voluntary liquidation of these
businesses.
The decision to exit Dunkin Donuts and Baskin Robbins was made following sustained losses
in these businesses and an unsuccessful process to dispose of these businesses. The
decision is in line with the Company's value based strategy, which aims at improving the
groups capital allocation by channelling capital to high value potential assets, such as Burger
King.
Cape Town
15 February 2019
Sponsor
PSG Capital
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