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SPUR CORPORATION LIMITED - Announcement regarding B-BBEE Transaction between Spur Corporation Limited and Grand Parade Investments Limited

Release Date: 30/10/2014 10:00
Code(s): SUR     PDF:  
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Announcement regarding B-BBEE Transaction between Spur Corporation Limited and Grand Parade Investments Limited

SPUR CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/000828/06)
Share code: SUR
ISIN: ZAE 000022653
(“Spur” or “the company”)

ANNOUNCEMENT REGARDING THE BROAD-BASED BLACK ECONOMIC EMPOWERMENT
TRANSACTION (“B-BBEE TRANSACTION”) BETWEEN GRAND PARADE INVESTMENTS
LIMITED (“GPI”) AND SPUR

Spur Shareholders (“Shareholders”) are referred to the announcements dated 31 July 2014, 4
September and 3 October 2014, wherein they were advised that Spur had entered into various
agreements in terms of which, inter alia, a wholly owned subsidiary of GPI (“BEECo”) would subscribe
for 10 848 093 ordinary issued shares (“Subscription Shares”) of the company, constituting 10% of the
post B-BBEE Transaction issued share capital of Spur, as a specific issue of shares for cash for a
total subscription price of R294.66 million and that Shareholders had approved the B-BBEE
Transaction on 3 October 2014.

Spur is pleased to advise that all procedural and administrative conditions to the B-BBEE Transaction
have now been fulfilled and the B-BBEE Transaction has been implemented in accordance with its
terms and with effect from 30 October 2014.

30 October 2014

Sponsor
Sasfin Capital


Legal Advisor
Bernadt Vukic Potash & Getz


.

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