CITY LODGE HOTELS LIMITED - Cautionary announcement
Cautionary announcement
City Lodge Hotels Limited
(“City Lodge” or the “Company” or the “Group”)
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH ISIN Code: ZAE000117792
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that following receipt of an
unsolicited non-binding offer for the proposed acquisition of
City Lodge’s East African operations, comprising of its hotels
situated in Kenya and Tanzania, the Company has entered into
negotiations which, if successfully concluded, may have a
material effect on the price of the Company’s securities.
Accordingly, shareholders are advised to exercise caution when
dealing in the Company’s securities until a further announcement
is made.
Bryanston
19 November 2020
Sponsor
Nedbank Corporate & Investment Banking
Date: 19-11-2020 07:45:00
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