Update in Relation to the Disposal of Interest in Burger King – Fulfilment of the Remaining Outstanding Conditions
GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1997/003548/06)
Share code: GPL
(“GPI” or the “Company”)
UPDATE IN RELATION TO THE DISPOSAL OF INTEREST IN BURGER KING –
FULFILMENT OF THE REMAINING OUTSTANDING CONDITIONS PRECEDENT AND
Shareholders are referred to the Company’s various announcements regarding the proposed
transaction in which the Company’s wholly-owned subsidiaries, Grand Foods Investments 1
Proprietary Limited and Grand Foods Proprietary Limited, will sell all of the shares they hold
in Burger King South Africa (RF) Proprietary Limited and Grand Foods Meat Plant Proprietary
Limited, respectively, to an affiliate of ECP Africa Fund IV LLC and ECP Africa Fund IV A LLC
(“Disposal”) and in particular to the announcement of 12 October 2021 whereby shareholders
were advised that all conditions to the Disposal capable of being fulfilled or waived prior to the
closing date of the Disposal have been fulfilled or waived as the case may be and that the
remaining outstanding conditions are required to be fulfilled or waived on the closing date.
Shareholders are hereby advised that the remaining outstanding conditions have been fulfilled
or waived (as the case may be), today, 3 November 2021. Accordingly, the Disposal has
become unconditional and will be implemented in accordance with its terms.
3 November 2021
Cliffe Dekker Hofmeyr
Date: 03-11-2021 04:45:00
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