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TSH - Tsogo Sun Holdings Limited - Acquisition of additional effective

Release Date: 29/11/2011 11:59
Code(s): TSH
Wrap Text

TSH - Tsogo Sun Holdings Limited - Acquisition of additional effective interest in Tsogo Sun Kwazulu-Natal (Pty) Ltd ("Suncoast Casino") Tsogo Sun Holdings Limited Incorporated in the Republic of South Africa (Registration number 1989/002108/06) Share code: TSH ISIN: ZAE000156238 ("Tsogo Sun" or "the Company" or "the Tsogo Group") ACQUISITION OF ADDITIONAL EFFECTIVE INTEREST IN TSOGO SUN KWAZULU-NATAL (PTY) LTD ("SUNCOAST CASINO") Shareholders are advised that on 26 November 2011 the Kwazulu-Natal Gaming and Betting Board approved the application submitted by Tsogo Sun Gaming (Pty) Ltd for the acquisition of an additional 16.5% effective interest in the Suncoast Casino for R510 million ("the transaction"), bringing the Tsogo Group`s total ownership of that operation to 90%. Following the approval by the Kwazulu-Natal Gaming and Betting Board, all conditions precedent to the transaction have been fulfilled. Johannesburg 29 November 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 29/11/2011 11:59:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.