GRAND PARADE INVESTMENTS LIMITED - Update Regarding Small Related Party Transaction: Acquisition By GPI Of 65% Of Excellent Meat Burger Plant

Update Regarding Small Related Party Transaction: Acquisition By GPI Of 65% Of Excellent Meat Burger Plant

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 REGARDING SMALL RELATED PARTY TRANSACTION: ACQUISITION
BY GPI OF 65.00% OF THE ISSUED ORDINARY SHARE CAPITAL OF
EXCELLENT MEAT BURGER PLANT (PROPRIETARY) LIMITED (“EMBP”)

Shareholders are referred to the SENS announcement dated 8
September 2015, whereby shareholders were advised that GPI had
entered into a sale of shares agreement with Excellent Holdings
(Proprietary) Limited (“Excellent”) and Nadesons Investments
(Proprietary) Limited (“Nadesons”) (collectively referred to as
“the Sellers”), in terms of which the Sellers have agreed to
sell 65.00% of the total issued ordinary share capital of EMBP
to the Company (“the Acquisition”).

Due to one of the Sellers, namely Nadesons Investments, being
an associate of Mr Hassen Adams and Mr Alan Keet, both
directors of GPI, the Acquisition is a small related party
transaction in terms of section 10 of the Listings Requirements
of the JSE Limited (“JSE”).

Accordingly,   GPI    appointed   Mazars    Corporate   Finance
(Proprietary) Limited (“Mazars”) as the independent expert to
provide written confirmation of the fairness of the Acquisition
to GPI shareholders and to the JSE. The aforementioned fairness
opinion will lie open for inspection at the registered address
of GPI for a period of 28 days from the date of publication of
this announcement.

Cape Town
5 October 2015

Sponsor and corporate advisor:
PSG Capital

Independent expert:
Mazars Corporate Finance (Proprietary) Limited

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