Enhanced Investments - Financial Portal

Update on the Condition Precedent in Respect of the Unbundling of Spur Shareholding

Published: 2022-05-30 17:30:22 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”)



UPDATE ON THE CONDITION PRECEDENT IN RESPECT OF THE UNBUNDLING OF SPUR
SHAREHOLDING


Shareholders are referred to the announcement released by the Company on the Stock Exchange
News Service (“SENS”) on 10 May 2022 (“Declaration Announcement”) regarding the unbundling
of the Company's shareholding comprising approximately 8 447 731 Spur Shares.

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

Shareholders are advised that the Condition Precedent to the Unbundling, being the approval of the
Financial Surveillance Department of the South African Reserve Bank (“SARB”) for the Unbundling
has not yet been fulfilled. Accordingly, the salient dates for the Unbundling as set out in the Declaration
Announcement are to be updated.

Upon receipt of the approval of SARB for the Unbundling, the Company will release a further
announcement confirming the new timetable.

Cape Town
30 May 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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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.

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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.