Cautionary Renewal
Arden Capital Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: ACZ
ISIN: MU0548S00026
(“Arden Capital” or “the Company”)
CAUTIONARY RENEWAL
Shareholders are referred to the renewal of cautionary announcements published on 8 November 2021
and 20 December 2021 advising that one of African Sun Limited’s lessors had initiated a lease tender
process in respect of property known as The Kingdom at Victoria Falls, which is currently being leased by
African Sun Limited (“ASL”) (“Tender Process”). Shareholders were advised that ASL continues to
occupy the property and has signed an extension of the current lease with the landlord to 28 February
2022 in order to facilitate the ongoing Tender Process, which ASL has elected to participate in.
Shareholders are further advised that the Tender Process closed on 30 November 2021, but the outcome
of the Tender Process is still unknown. Given the potential impact of the expired lease on ASL’s
profitability, ASL remains in a cautionary period and accordingly Arden Capital shareholders should
similarly continue to exercise caution in dealing in the Company’s securities until a further announcement
regarding the Tender Process is made.
ASL’s cautionary announcement published today can be accessed via the following link:
https://www.africansunhotels.com/download//data/download/00000096/ASL-Further-Cautionary-
statement-27-Jan-2022.pdf.
Grand Baie, Mauritius
31 January 2022
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 31-01-2022 04:35:00
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