Enhanced Investments - Financial Portal

Results of the Mandatory Offer

Published: 2023-04-11 17:00:22 ET

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/003548/06)
JSE share code: GPL
ISIN: ZAE000119814
("GPL" or the "Company")

and

GMB LIQUIDITY CORPORATION PROPRIETARY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2022/587629/07)
("GMB" or the "Offeror")



RESULTS OF THE MANDATORY OFFER


GPL Shareholders are referred to the Firm Intention Announcement released on SENS on
Wednesday, 9 November 2022, by the Offeror and GPL setting out the terms of the Offeror's
firm intention to propose the Mandatory Offer to GPL Shareholders and the circular detailing
the Mandatory Offer (“Circular”) which was distributed to GPL Shareholders on Thursday,
15 December 2022.

All capitalised terms used but not defined in this announcement shall bear the meanings
ascribed to them in the Circular.

Shareholders are hereby advised that the Mandatory Offer closed on Thursday, 6 April 2023.
The Mandatory Offer was accepted in respect of 21 107 480 GPL Shares, representing 4.49%
of the total GPL Shares in issue. As a result, GMB holds 53.65% of the total issued GPL
Shares (net of treasury shares) as at the date of this announcement.

The Independent Board accepts responsibility for the information contained in this
announcement insofar as it relates to GPL and the Mandatory Offer. To the best of their
collective knowledge and belief, the information contained in this announcement is true and
this announcement does not omit anything likely to affect the importance of the information.

The Offeror accepts responsibility for the information contained in this announcement insofar
as it relates to detail around the Offeror and the Mandatory Offer. To the best of its knowledge
and belief, the information contained in this announcement is true and this announcement
does not omit anything likely to affect the importance of the information.

Cape Town
11 April 2023

FINANCIAL ADVISER TO GPL
Rand Merchant Bank, a division of FirstRand Bank Limited

SPONSOR TO GPL
PSG Capital Proprietary Limited

LEGAL ADVISER TO GPL
Clyde & Co LLP

LEGAL ADVISER TO GMB
Solaris Law Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.