GRAND PARADE INVESTMENTS LIMITED - Distribution of Circular and Notice of General Meeting

Distribution of Circular and Notice of General Meeting

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”)

DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING

Shareholders are referred to the Company’s announcement on SENS on 22 February 2021
regarding the proposed transaction in terms of which the Company’s wholly-owned
subsidiaries, Grand Foods Investments 1 Proprietary Limited, will sell all of the shares it holds
in Burger King South Africa (RF) Proprietary Limited, and Grand Foods Proprietary Limited,
will sell all of the shares it holds in Grand Foods Meat Plant Proprietary Limited to ECP Power
and Water Holding LLC, an affiliate of ECP Africa Fund IV LLC (“Disposal”).

The Company has today, 12 March 2021, distributed a circular to shareholders, detailing the
Disposal (“Circular”). The Circular incorporates a notice convening a general meeting of
shareholders (“General Meeting”) in order to consider and, if deemed fit, to approve the
Disposal.

In this regard, notice is hereby given that the General Meeting of shareholders will be held and
conducted entirely by electronic communication on Thursday, 15 April 2021 at 18:00, at which
meeting shareholders will be requested to consider and, if deemed fit, to pass the resolutions
set out in the notice of General Meeting, as included in the Circular.

The Circular will be available on the Company’s website at https://grandparade.co.za/investor-
centre/results-reports-notices. In addition, copies of the Circular will be available for
inspection, in English only, during normal business hours until the date of the General Meeting
at the Company’s registered office and at the offices of its sponsor, PSG Capital, at 1st Floor,
Ou Kollege, 35 Church Street, Stellenbosch and 2nd Floor, Building 3, 11 Alice Lane,
Sandhurst, Sandton.

IMPORTANT DATES AND TIMES

Shareholders are referred to the table below setting out important dates and times in relation
to the General Meeting and the Disposal:

                                                                                     2021

 Record date in order to be eligible to receive the Circular,                  Friday, 5 March
 including the notice of General Meeting
 
 Circular distributed to shareholders on                                       Friday, 12 March
 
 Announcement giving salient dates and times, advising of the                  Friday, 12 March
 distribution of the Circular and giving the date and place of the
 General Meeting released on SENS on
 
 Above announcement published in the press on                                  Monday, 15 April
 
 Last day to trade in shares in order to be eligible to attend,                Tuesday, 6 April
 participate in and vote at the General Meeting
 
 General Meeting record date in order to be eligible to attend,                Friday, 9 April
 participate in and vote at the General Meeting
 
 For administrative purposes, last day for receipt of forms of                 Tuesday, 13 April
 proxy in respect of the General Meeting by 18:00 on
 
 Forms of proxy not lodged with the transfer secretaries to be                 Thursday, 15 April
 handed to the chairperson of the General Meeting, at any time
 before the proxy exercises any rights of the shareholders at the
 General Meeting
 
 General Meeting of shareholders to be held at 18:00 on                        Thursday, 15 April
 
 Results of General Meeting released on SENS on                                Friday, 16 April
 
 Results of General Meeting published in the press on                          Monday, 19 April
 
 Disposal expected to be implemented on or about                               Wednesday, 30 June

 Notes
 1.    All of the above dates and times are subject to change. Any changes made will be notified to
       shareholders on SENS.

 2.    Shareholders should note that, as transactions in shares are settled in the electronic settlement
       system used by Strate, settlement of trades takes place three business days in Johannesburg
       (South Africa) after such trade. Therefore, persons who acquire shares after the last day to
       trade in order to be eligible to vote at the General Meeting, namely, Tuesday, 6 April 2021, will
       not be able to vote thereat.

 3.    If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial
       General Meeting will remain valid in respect of any such adjournment or postponement.

 4.    All times given in this Circular are local times in South Africa.


12 March 2021

Corporate Advisor and Sponsor
PSG Capital

Date: 12-03-2021 03:17:00
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