GRAND PARADE INVESTMENTS LIMITED - Lapsing of Condition Precedent to the SunSlots Transaction

Lapsing of Condition Precedent to the SunSlots Transaction

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”)

LAPSING OF CONDITION PRECEDENT TO THE SUNSLOTS TRANSACTION

Shareholders are referred to the circular distributed to shareholders on 30 October 2019 and
the repurchase agreement (“Transaction Agreement”) in respect of the repurchase by
Sun Slots (RF) Proprietary Limited (“SunSlots”) of all the Company’s wholly-owned
subsidiary’s, Grand Casino Investments Proprietary Limited, shares it holds in SunSlots,
comprising 30% of SunSlots’ entire issued share capital (“Transaction”) and to the SENS
announcement of 31 January 2020.

Shareholders are hereby advised that the condition precedent to the Transaction that the
relevant gambling board approvals be obtained, was not fulfilled by the due date of 30 June
2020. The Transaction Agreement has, accordingly, lapsed.

The Company is considering its options in this regard and will advise shareholders in due
course.

Cape Town
2 July 2020

Sponsor
PSG Capital

Date: 02-07-2020 03:00:00
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