| Wed 30 Nov 2022, 15:16 | | GRAND PARADE INVESTMENTS LIMITED - Dealing in securities |
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Dealing in securities
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”)
DEALING IN SECURITIES
GPI hereby discloses the following information in respect of a dealing in GPI ordinary shares
by funds managed by Value Capital Partners Proprietary Limited (“VCP”). It is noted that Mr
MM Nkosi, a non-executive director of the Company, has an indirect beneficial interest in VCP.
The disposal in question forms the subject of the Company’s even-dated announcement in
terms of section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph
3.83(b) of the JSE Limited Listings Requirements. While GPI understands that VCP is not an
associate of Mr Nkosi as such term is contemplated in the JSE Listings Requirements, the
following information is provided in the interest of full disclosure.
Director: Mr MM Nkosi
Disposing party: VCP *
Date of transaction: 30 November 2022
Nature of transaction: Sale of GPI ordinary shares
Number of shares: 61,500,000
Price per share: R3.33
Total value of transaction: R204,795,000
Nature of interest: Indirect, Beneficial*
* Mr MM Nkosi has an indirect beneficial interest in VCP, which is the registered investment
manager to the Value Capital Partners H4 QI Hedge Fund and various other funds.
The board of directors of the Company accepts responsibility for the information contained in
this announcement. To the best of their collective knowledge and belief, the information
contained in this announcement is true and the announcement does not omit anything likely
to affect the importance of the information contained in the announcement.
Cape Town
30 November 2022
Sponsor
PSG Capital
Date: 30-11-2022 03:16:00
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