GRAND PARADE INVESTMENTS LIMITED - Extension of Date of Fulfilment of Condition Precedent to the SunSlots Transaction

Extension of Date of Fulfilment of Condition Precedent to the SunSlots Transaction

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”)


EXTENSION OF DATE OF FULFILMENT OF CONDITION PRECEDENT TO THE
SUNSLOTS TRANSACTION

Shareholders are referred to the circular distributed to shareholders on 30 October 2019 and
the repurchase agreement (“Transaction Agreement”) in respect of the repurchase by
Sun Slots (RF) Proprietary Limited (“SunSlots”) of all the Company’s wholly-owned
subsidiary’s, Grand Casino Investments Proprietary Limited, shares it holds in SunSlots,
comprising 30% of SunSlots’ entire issued share capital (“Transaction”).

The only condition precedent to the Transaction that remains outstanding is the approval of
the relevant gambling boards. In terms of the Transaction Agreement, the due date for
fulfilment of this condition precedent was automatically extended to 31 January 2020. The
parties have now entered into an addendum to the Transaction Agreement in terms of which
the date for fulfilment of this condition has been extended further to 30 June 2020.

Cape Town
31 January 2020

Corporate Adviser and Sponsor
PSG Capital

Date: 31-01-2020 04:50:00
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