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SUN INTERNATIONAL LIMITED - Proposed merger between Sun Dreams SA and Marina

Release Date: 23/10/2019 13:15
Code(s): SUI     PDF:  
Wrap Text
Proposed merger between Sun Dreams SA and Marina

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
("Sun International" or “the Company”)

PROPOSED MERGER BETWEEN SUN DREAMS S. A. (“SUN DREAMS”) AND CERTAIN GAMING ASSETS OF
CLAIRVEST CHILE LIMITADA AND INVERSIONES SAN ANDRES LIMITADA (COLLECTIVELY “MARINA”)

Shareholders are referred to the announcements released by Sun International on the Stock Exchange
News Service on 24 May 2019, 18 July 2019 and 27 August 2019 respectively, regarding the proposed
merger between Sun Dreams and certain gaming assets of Marina (“the proposed merger”).

Shareholders are advised that the parties remain in discussions and negotiations regarding certain key
terms and conditions pertaining to the proposed merger and consequently have not been able to finalise
the due diligence exercise and sign definitive agreements. As a result, Sun International will not be in a
position to post a circular to its shareholders by 31 October 2019.

In the circumstances and should the parties fail to reach agreement by 31 October 2019, the
Memorandum of Understanding entered into between the parties (“MOU“) will lapse.

Notwithstanding the aforegoing, should the parties reach agreement as a result of their ongoing
discussions and negotiations, shareholders will be notified accordingly.

Sandton
23 October 2019

Sponsor
INVESTEC BANK

Date: 23/10/2019 01:15:00
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