GRAND PARADE INVESTMENTS LIMITED - Results of the AGM, results of the GM and update to shareholders regarding the BEE transaction

Results of the AGM, results of the GM and update to shareholders regarding the BEE transaction

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”)

RESULTS OF THE ANNUAL GENERAL MEETING, RESULTS OF THE GENERAL
MEETING   AND  UPDATE  TO  SHAREHOLDERS  REGARDING   THE  BEE
TRANSACTION

Results of the annual general meeting:

Shareholders are hereby advised that all of the special and
ordinary resolutions as set out in the Company’s 2013 notice
of annual general meeting and tabled at the annual general
meeting of the Company held on Wednesday, 11 December 2013,
were approved by the requisite majority of shareholders
present in person or represented by proxy.

Results of the general meeting:

Shareholders   are  referred   to   the  circular  posted   to
shareholders on 8 November 2013 (“the Circular”) relating to
inter alia the BEE Specific Issue, the BEE Share Acquisition,
the BEE Funding and the Hot Slots Acquisition Issue (“the BEE
Transaction”) and are hereby advised that all of the special
and ordinary resolutions as set out in the notice of general
meeting incorporated in the Circular and tabled at the general
meeting of the company also held on Wednesday, 11 December
2013, were approved by the requisite majority of shareholders
present in person or represented by proxy.

Update to shareholders regarding the BEE Transaction:

Pursuant to the passing of all the special and ordinary
resolutions relating to the BEE Transaction, shareholders are
hereby advised that the Company is still in the process of
identifying suitable candidates who meet the eligibility
criteria set out in the Circular and who can be appointed as
the trustees of the BEE Party to whom the BEE Specific Issue
will be made.

The BEE Party refers to the GPI Women’s BBBEE Empowerment
Trust which will be established to uplift and develop black
females who live in the communities in which GPI’s businesses
and investee companies operate.

A further announcement will be made to shareholders in due
course as soon as the Company has appointed the trustees of
the BEE Party after which the BEE Transaction will be
implemented   in  accordance   with   the   terms   approved   by
shareholders of GPI.

12 December 2013
Cape Town
Sponsor:
PSG Capital (Pty) Limited

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