AFRICAN DAWN CAPITAL LIMITED - Elite Transaction and Candlestick Transaction: Conditions Precedent Fulfilled

Elite Transaction and Candlestick Transaction: Conditions Precedent Fulfilled

AFRICAN DAWN CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN Code: ZAE000060703
(“Afdawn” or “the Company”)


ELITE TRANSACTION AND CANDLESTICK TRANSACTION: CONDITIONS PRECEDENT
FULFILLED

Shareholders of Afdawn are referred to the detailed announcements
released by the Company on SENS on 7 December 2015, 22 January 2016 and
28 June 2016 relating to the proposed disposal by Afdawn of its 100%
shareholding in Elite Group Proprietary Limited, African Dawn Property
Transfer Finance 1 Proprietary Limited and African Dawn Property Transfer
Finance 2 Proprietary Limited, currently wholly-owned subsidiaries of
Afdawn, to Dzothe Finance Solutions Proprietary Limited (“Elite
Transaction”), and to the announcement dated 11 April 2016 relating to
the disposal by Candlestick Park Investments Proprietary Limited, a
wholly owned subsidiary of Afdawn, of the rental enterprise as a going
concern to SJJMC Property Proprietary Limited (“Candlestick
Transaction”)(collectively referred to as “the Transactions”).

Shareholders are hereby advised that all the conditions precedent in
respect of the Transactions have been fulfilled and accordingly, the
Transactions have become unconditional and will be implemented in
accordance with their terms.

20 October 2016
Cape Town

Sponsor and Corporate Advisor
PSG Capital Proprietary Limited

Date: 20/10/2016 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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