CITY LODGE HOTELS LIMITED - Notification in terms of section 122(3) of the Companies Act and paragraph 3.83 of the JSE Listings Requirements

Notification in terms of section 122(3) of the Companies Act and paragraph 3.83 of the JSE Listings Requirements

City Lodge Hotels Limited
“City Lodge” or the “Company”
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

NOTIFICATION IN TERMS OF SECTION 122 (3) OF THE COMPANIES ACT
AND PARAGRAPH 3.83 OF THE JSE LIMITED LISTINGS REQUIREMENTS

In compliance with section 122(3)(b) of the Companies Act 71 of
2008 (“the Act”) and paragraph 3.83 of the JSE Limited Listings
Requirements, shareholders are hereby advised that City Lodge
has received formal notification in accordance with section
122(1) of the Act that clients of Allan Gray Proprietary Limited
(“Allan Gray”) have, in aggregate, decreased their interest in
the securities of the Company, such that the total interest in
the securities of the Company held by Allan Gray’s clients now
amounts to 14.2663% of the total number of securities in issue.

City Lodge will, as required by section 122 (3)(a) of the Act
file the required notice with the Takeover Regulation Panel.

9 March 2021
Bryanston

Sponsor
Nedbank Corporate and Investment Banking

Date: 09-03-2021 03:01:00
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