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Update On Special Resolution Number 4 Of The Notice Of Annual General Meeting
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”)
UPDATE ON SPECIAL RESOLUTION NUMBER 4 OF THE NOTICE OF ANNUAL GENERAL MEETING
Shareholders are referred to GPI’s 2020 notice of the annual general meeting
(“Notice of AGM”), which was distributed to shareholders on 30 October 2020, and more
specifically special resolution number 4, relating to the provision of financial assistance for the
subscription and/or purchase of shares in the Company or a related or inter-related company
(“Special Resolution Number 4”).
Subsequent to the distribution of the Notice of AGM, GPI has received communication from a
shareholder on Special Resolution Number 4, advising that the Company should consider
limiting the persons to whom financial assistance may be granted under Special Resolution
Number 4.
Having considered the input from the shareholder, the board of directors of the Company
(“the Board”) has decided to amend Special Resolution Number 4 by removing references to
“any person, including” in Special Resolution Number 4.
Accordingly, following the removal of the aforesaid wording, and to the extent that
shareholders approve Special Resolution Number 4 at the upcoming annual general meeting,
the Board will be authorised to approve that the Company provide any direct or indirect
financial assistance to any company or corporation that is related or inter-related to the
Company and/or to any financier who provides funding by subscribing for preference shares
or other securities in the Company or in any company or corporation that is related or inter-
related to the Company, on the terms and conditions and for amounts that the Board may
determine for the purpose of, or in connection with the subscription for any option, or any
shares or other securities, issued or to be issued by the Company or a related or inter-related
company or corporation, or for the purchase of any shares or securities of the Company or of
a related or inter-related company or corporation, provided that the aforementioned approval
shall be valid until the date of the next annual general meeting of the Company. The Company
will therefore not be able to provide any direct or indirect financial assistance to any person
(i.e. directors of the Company).
An updated Notice of AGM is available on the Company’s website at www.grandparade.co.za.
Cape Town
1 December 2020
Sponsor
PSG Capital
Date: 01-12-2020 12:13:00
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