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TSOGO SUN HOLDINGS LIMITED - Notice of Termination of General Meeting

Release Date: 12/11/2018 12:38
Code(s): TSH     PDF:  
Wrap Text
Notice of Termination of General Meeting

TSOGO SUN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1989/002108/06)
JSE Share Code: TSH
ISIN: ZAE000156238
("Tsogo" or the “Company”)



NOTICE OF TERMINATION OF GENERAL MEETING


Tsogo shareholders are referred to the 23 October 2018 announcement by Tsogo on SENS
regarding the adjournment of the General Meeting convened to consider Tsogo’s proposed
disposal of a portfolio of seven mixed-use casino properties to Hospitality Property Fund Limited
(“Hospitality”) (“Transaction”) and the subsequent distribution by Tsogo, of its entire holding of
Hospitality shares to Tsogo shareholders (“Unbundling”).

At the reconvened General Meeting held at 09h00 on Monday, 12 November 2018 Shareholders
were advised that following engagement with certain Tsogo investors it had become apparent that
the Transaction and the Unbundling did not enjoy the support of sufficient shareholders for their
implementation. Accordingly, the Tsogo board of directors had withdrawn the resolutions that were
to have been considered at the reconvened General Meeting and the Sale of Shares and
Subscription Agreement was terminated by agreement between Tsogo, Hospitality and the
remaining parties to that agreement. As such, no resolutions were proposed for consideration at
the reconvened General Meeting and the meeting terminated.

Fourways
12 November 2018

Corporate advisor and sponsor to Tsogo
Investec Bank Limited

Date: 12/11/2018 12:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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