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TSOGO SUN HOLDINGS LIMITED - Fulfilment of Conditions Precedent and Effective Date of the Transaction

Release Date: 25/04/2014 16:50
Code(s): TSH     PDF:  
Wrap Text
Fulfilment of Conditions Precedent and Effective Date of the Transaction

TSOGO SUN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1989/002108/06
Share Code: TSH ISIN: ZAE000156238
(“Tsogo” or the “Company”)


FULFILMENT OF CONDITIONS PRECEDENT AND EFFECTIVE DATE OF THE TRANSACTION

Shareholders are referred to the announcement released on SENS on 3 April 2014 regarding the
acquisition by Southern Sun Hotel Interests Proprietary Limited (“SSHI”) a subsidiary of Tsogo, of an
increased equity stake in Cullinan Hotel Proprietary Limited (“Cullinan”) and the acquisition by Cullinan of
various hotel assets from Liberty Group Limited and SSHI (collectively, the “Transaction”).

The Company is pleased to advise shareholders that pursuant to the receipt of an unconditional written
approval from the Competition Authorities, all of the conditions precedent to the Transaction have now
been fulfilled. Consequently, the effective date of the Transaction will be Wednesday, 30 April 2014.

Fourways
25 April 2014

Investment bank and transaction sponsor
Investec Specialist Bank

Corporate law adviser
Tabacks

Sponsor
Deutsche Securities (SA) Proprietary Limited




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Date: 25/04/2014 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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