Enhanced Investments - Financial Portal

Unbundling Of Spur Shareholding: Closing Prices Of The GPI and Spur Shares

Published: 2022-06-17 18:46:24 ET

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”)



UNBUNDLING OF SPUR SHAREHOLDING: CLOSING PRICES OF THE GPI AND SPUR SHARES


Shareholders are referred to the announcements released by the Company on the Stock Exchange
News Service (“SENS”) on 10 May 2022 (“Declaration Announcement”), 30 May 2022, 6 June 2022
and 15 June 2022, regarding the unbundling of the Company's shareholding of 8 447 731 Spur
Shares, comprising approximately 9,28% of the total issued share capital of Spur Corporation Limited
(“Spur”) (a company the shares of which are listed on the JSE), to Shareholders by way of a pro rata
distribution in specie, in the ratio of 1 Spur Share for every 56 GPI Shares held on the Unbundling
Record Date (“Distribution Ratio”).

Terms appearing in title case and that are not otherwise defined herein, shall bear the meanings
ascribed to those terms in the Declaration Announcement.

As per the applicable JSE Limited corporate action timetable, the Company advises that, on
17 June 2022, the closing price of GPI Shares amounted to R2.24 per share and of Spur Shares
amounted to R19.54 per share, respectively.



Cape Town
17 June 2022

                      Sponsor                              Advisor
                      PSG Capital                          Rand Merchant Bank

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

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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.