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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”)
DISCLOSURE OF ACQUISITION OF SECURITIES
Shareholders of GPI are referred to the joint firm intention announcement (“Firm Intention
Announcement”) published by the Company on the Stock Exchange News Service on
9 November 2022 regarding the mandatory offer made by GMB Liquidity Corporation
Proprietary Limited (“GMB Liquidity”).
In accordance with regulation 98(3) of the Companies Regulations, 2011, as amended,
(“Regulations”), and section 122(3)(b) of the Companies Act No 71 of 2008 ("Companies
Act"), read with paragraph 3.83(b) of the JSE Listings Requirements, shareholders of GPI are
hereby advised that the Company has received formal notification in the prescribed form from
GMB Liquidity, advising that it has acquired an additional 61,500,000 ordinary shares in the
issued share capital of the Company on 30 November 2022 for a price per share of R3.33.
The total of all beneficial interests held by GMB Liquidity in the Company amounts to 48.97%
of the Company’s total issued ordinary share capital, excluding treasury shares and 46.34%
of the Company’s total issued ordinary share capital including treasury shares.
The requisite notices in terms of regulation 98 of the Regulations and section 122(3)(a) of the
Companies Act have been filed with the Takeover Regulation Panel. The board of the
Company accepts responsibility for the information contained in this announcement and
confirms that, to the best of its knowledge and belief, such information accurately reflects the
information contained in the TRP 98 and TRP 121.1 forms received by the Company from
GMB Liquidity.
Cape Town
30 November 2022
Sponsor
PSG Capital
