SUN INTERNATIONAL LIMITED - Sun Slots (RF) Proprietary Limited : Lapse of proposed transaction incorporating a subscription for shares

Sun Slots (RF) Proprietary Limited : Lapse of proposed transaction incorporating a subscription for shares

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
LEI: 378900835F180983C60
("Sun International" or “the Company”)


SUN INTERNATIONAL: SUN SLOTS (RF) PROPRIETARY LIMITED (“SUN SLOTS”): LAPSE OF PROPOSED TRANSACTION
INCORPORATING A SUBSCRIPTION FOR SHARES BY SUN INTERNATIONAL IN SUN SLOTS AND A SHARE
REPURCHASE BY SUN SLOTS


Shareholders are referred to the announcement released by the Company on SENS on 30 August 2019, whereby
Sun International agreed to increase its equity interest in Sun Slots by way of a subscription for shares in Sun Slots
and Sun Slots agreed to repurchase Grand Casino Investments Proprietary Limited’s (“GCI”) 30% equity interest in
Sun Slots, on terms and conditions more fully set out in the said announcement (“the Proposed Transaction”).

Shareholders are further advised that as a result of the non-fulfilment of a condition precedent to the Proposed
Transaction on or before 30 June 2020 ( “the long stop date”), the Proposed Transaction failed to become
unconditional and accordingly has lapsed and is of no further force or effect between the parties.

Accordingly, Sun International (South Africa) Limited (70%) and GCI (30%) will retain their initial shareholdings in Sun
Slots, prior to them entering into the Proposed Transaction.


Sandton
2 July 2020

Investec Bank
Financial Advisor and Sponsor to Sun International




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Date: 02-07-2020 03:11:00
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