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MARA DELTA PROPERTY HOLDINGS LIMITED - Update on Acquisition of Tamassa Resort - Fulfilment of Conditions Precedent

Release Date: 24/01/2017 13:00
Code(s): MDP     PDF:  
Wrap Text
Update on Acquisition of Tamassa Resort - Fulfilment of Conditions Precedent

MARA DELTA PROPERTY HOLDINGS LIMITED
(previously Delta Africa Property Holdings Limited)
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
SEM share code: DEL.N0000
JSE share code: MDP
ISIN: MU0473N00028
(“Mara Delta” or “the Company”)

UPDATE ON ACQUISITION OF TAMASSA RESORT – FULFILMENT OF CONDITIONS PRECEDENT

Shareholders are referred to the announcements released by the Company on the Stock Exchange News Service of the
JSE Limited (“JSE”) and the website of the Stock Exchange of Mauritius Ltd (“SEM”) on 22 August 2016, 30 September
2016 and 19 December 2016 regarding the acquisition, through a wholly-owned subsidiary, of the hotel known as
Tamassa Resort, located in Bel Ombre, Mauritius and related rights, with the property in question to be
leased back to the vendor through a ten year triple net lease (“Tamassa Transaction”).

Shareholders are advised that all conditions precedent in respect of the Tamassa Transaction have been fulfilled and
that the parties will therefor proceed to implement the Tamassa Transaction in accordance with its terms.

Mara Delta has its primary listings on both the Main Board of the JSE and the Official Market of the SEM.

24 January 2017

PSG Capital Proprietary Limited                             Perigeum Capital Ltd
JSE sponsor and corporate advisor to Mara Delta             SEM authorised representative and sponsor to Mara Delta

Directors: Sandile Nomvete (chairman), Bronwyn Anne Corbett*, Peter Todd (lead independent), Chandra Kumar
Gujadhur, Ian Macleod, Leon van de Moortele* and Jacqueline Rouxanne van Niekerk
(*executive director)
Company secretary: Intercontinental Fund Services Limited
Registered address: C/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201,
Mauritius
Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
Corporate advisor and JSE sponsor: PSG Capital Proprietary Limited
Sponsoring Broker: SBM Securities Ltd
SEM authorised representative and sponsor: Perigeum Capital Ltd

This Notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and the Securities Act of
Mauritius 2005.

The board of directors of the Company accepts full responsibility for the accuracy of the information contained in this
communiqué.

Date: 24/01/2017 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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