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Grand Parade Investments Limited (JSE:GPL) News - Update on the Condition Precedent in Respect of the Unbundling of Spur Shareholding
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
PSG Capital
Advisor
Rand Merchant Bank
Date: 30-05-2022 04:30:00
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