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Safari Investments RSA Limited (JSE:SAR) News - Approval of the Joint Merger Filing by Heriot Properties Proprietary Limited and Safari
SAFARI INVESTMENTS RSA LIMITED
Approved as a REIT by the JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Share code: SAR ISIN: ZAE000188280
(“Safari” or “the Company”)
APPROVAL OF THE JOINT MERGER FILING BY HERIOT PROPERTIES PROPRIETARY
LIMITED AND SAFARI
Safari shareholders (“Safari Shareholders”) are referred to the announcement on SENS on
27 July 2021 advising, inter alia, that Heriot Properties Proprietary Limited and related
parties, being Heriot Investments Proprietary Limited and Reya Gola Proprietary Limited
(“Heriot”) has, in aggregate, acquired an interest in the securities of the Company such that
the total interest in the securities of the Company held by Heriot amounts to 32.20% of the
total issued share capital of the Company and the further announcement on SENS on
8 December 2021 advising shareholders that, in light of these holdings and Heriot's strategic
intention to continue to increase its shareholding in Safari over time, Heriot and, jointly,
Safari, had made a filing with the South African Competition Authorities for formal merger
approval.
Shareholders are now advised that the South African Competition Authorities have
unconditionally approved the merger. Any increase by Heriot of its beneficial interests in the
Company to 35% or more remains subject to the provisions of the Companies Act (including
those relating to takeovers and mergers) and, where applicable, to the JSE Listings
Requirements, but will accordingly not require further approvals from the South African or
Namibian Competition Authorities.
Pretoria
3 March 2022
Sponsor
PSG Capital
Date: 03-03-2022 04:42:00
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