CITY LODGE HOTELS LIMITED - Notification in terms of section 122 (3) of the Companies Act and paragraph 3.83 of the JSE Listings Requirements

Notification in terms of section 122 (3) of the Companies Act and paragraph 3.83 of the JSE Listings Requirements

City Lodge Hotels Limited
“City Lodge” or the “Company”
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

NOTIFICATION IN TERMS OF SECTION 122 (3) OF THE COMPANIES ACT
AND PARAGRAPH 3.83 OF THE JSE LIMITED LISTINGS REQUIREMENTS

In compliance with section 122(3)(b) of the Companies Act, No. 71
of 2008 (“the Act”) and paragraph 3.83 of the JSE Limited Listings
Requirements, shareholders are hereby advised that City Lodge has
received formal notification in accordance with section 122(1) of
the Act that clients of Ninety One SA (Pty) Ltd (“Ninety One”)
have, in aggregate, increased their interest in the securities of
the Company, such that the total interest in the securities of the
Company held by Ninety One, on behalf of its clients, now amounts
to 5.0% of the total number of securities in issue.

The board of City Lodge accepts responsibility for the information
contained in this announcement and confirms that, to the best of
their knowledge and belief, such information is true and this
announcement does not omit anything likely to affect the importance
of such information. The board of City Lodge has relied on the
accuracy of the information contained in the notification received
from Ninety One in making this statement.

City Lodge has, as required by section 122 (3)(a) of the Act filed
the required notice with the Takeover Regulation Panel.


21 February 2023
Bryanston

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited

Date: 21-02-2023 12:21:00
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.