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Update Relating To The Proposed Acquisition By Gpi Of Shares In Spur Corporation Limited, Withdrawal Of Cautionary
GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI”)
UPDATE RELATING TO THE PROPOSED ACQUISITION BY GPI OF SHARES IN SPUR
CORPORATION LIMITED AND WITHDRAWAL OF CAUTIONARY
Shareholders are referred to the SENS announcement published on 31
October 2016 (“Announcement”) in relation to the potential acquisition
of additional ordinary shares in Spur Corporation Limited (“Proposed
Transaction”).
Shareholders are hereby advised the Proposed Transaction will no
longer proceed as the Board of GPI have been advised that certain
shareholders will not be supporting the Proposed Transaction and hence
will not achieve the requisite shareholder approvals necessary to
implement the transaction.
GPI remains a committed shareholder of Spur and will continue to seek
opportunities to work with Spur to further enhance this relationship.
Given that the Proposed Transaction will no longer proceed, caution
is no longer required to be exercised by shareholders when dealing in
the Company’s securities.
Cape Town
25 November 2016
Sponsor
PSG Capital Proprietary Limited
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