Views Article – Sharenet Wealth

Africa, News

Tsogo Sun Hotels Says Could Issue New Shares To Buy Extra Hospitality Property Fund Shares

July 3 (Reuters) – Tsogo Sun Hotels Ltd:

* SUBMISSION OF PROPOSED RESOLUTIONS TO THE SHAREHOLDERS OF TSOGO SUN HOTELS TO BE ADOPTED IN TERMS OF SECTION 60

* PRUDENT TO USE SHARES IN CO, AS OPPOSED TO CASH, FOR PURPOSES OF POTENTIAL ACQUISITION OF ADDITIONAL HOSPITALITY SHARES

* MAY HAVE TO ISSUE ORDINARY SHARES IN COMPANY TO PERSONS RELATED OR INTER-RELATED TO TSOGO SUN HOTELS AND/OR DIRECTORS

* TO ALLOW COMPANY TO BUY HOSPITALITY SHARES HELD BY HCI FOUNDATION, ANY DIRECTORS, SPECIAL RESOLUTION BEING PROPOSED Source text for Eikon: Further company coverage:


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