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TSOGO SUN HOLDINGS LIMITED - Announcement relating to the unbundling of Tsogo Suns entire shareholding in Tsogo Sun Hotels Limited

Release Date: 04/06/2019 17:50
Code(s): TSH     PDF:  
 
Wrap Text
Announcement relating to the unbundling of Tsogo Sun’s entire shareholding in Tsogo Sun Hotels Limited

TSOGO SUN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1989/002108/06)
JSE Share Code: TSH
ISIN: ZAE000156238
(“Tsogo Sun”)



    Announcement relating to the unbundling of Tsogo Sun’s entire shareholding in
   Tsogo Sun Hotels Limited (“THL”) and listing of THL on the main board of the JSE
                                     (“Listing”)


Shareholders of Tsogo Sun (“Tsogo Sun Shareholders”) are referred to the announcement dated
23 May 2019 relating to the unbundling of Tsogo Sun of its entire shareholding in THL (“Unbundling”)
and the abridged pre-listing statement of THL dated 23 May 2019 and are advised that the details
relating to the Unbundling and the Listing remain unchanged.

Shareholders are reminded that the remaining salient dates and times in relation to the Listing and
Unbundling are as follows:

                                                                                                                                  2019


 Last day for certificated Tsogo Sun Shareholders to appoint a CSDP in order to
 receive the THL Shares pursuant to the Unbundling on the Settlement Date                                          Monday, 10 June

 Last day to trade for Tsogo Sun Shareholders to be entitled to participate in the
 Unbundling                                                                                                       Tuesday, 11 June
 Listing of THL Shares on the JSE under the share code TGO and ISIN
 ZAE000272522 expected at commencement of trade, on                                                            Wednesday, 12 June
 Tsogo Sun Shares commence trading “ex” their entitlement to THL Shares, on                                    Wednesday, 12 June
 Details of apportionment ratio released on SENS, on                                                             Thursday, 13 June
 Record Date for the Unbundling and issue of share certificates to Certificated                                      Friday, 14 June
 Shareholders
 Accounts at CSDPs/Brokers updated on (Settlement Date)                                                           Tuesday, 18 June

Notes:
1. These dates and times are subject to change. Any material changes to the above dates will be released on SENS and
    published in the South African press.
2. All times shown in this announcement are South African times.
3. Tsogo Sun Shares may not be Dematerialised or rematerialised between Wednesday, 12 June 2019 and Friday, 14 June
    2019, both days inclusive.
4. Tsogo Sun Shareholders who trade Tsogo Sun Shares from Wednesday, 12 June 2019, trade “ex” their entitlement to THL
    Shares.
5. All Certificated Shareholders must appoint a CSDP under the terms of the Financial Markets Act, directly or through a Broker,
    by no later than Monday, 10 June 2019 to receive THL Shares pursuant to the Unbundling on the Settlement Date.

Johannesburg
4 June 2019

Corporate advisor and transaction sponsor
The Standard Bank of South Africa Limited

Corporate law advisors
Taback and Associates Proprietary Limited

DISCLAIMER

Nothing in this announcement constitutes (or forms part of) any offer for the sale of, or solicitation of
any offer to purchase or subscribe for, any securities of Tsogo Sun or THL in any jurisdiction.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted
by law and therefore persons in any such jurisdictions into which this announcement is released,
published or distributed should inform themselves about and observe such restrictions. Failure to
comply with the applicable restrictions may constitute a violation of the securities laws of any such
jurisdiction.

Date: 04/06/2019 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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