GRAND PARADE INVESTMENTS LIMITED - Voluntary Liquidation Of Mac Brothers Subsidiary

Voluntary Liquidation Of Mac Brothers Subsidiary

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”)



VOLUNTARY LIQUIDATION OF MAC BROTHERS SUBSIDIARY


Shareholders are referred to GPI’s interim financial results for the six months ended
31 December 2021, as published via SENS on 23 March 2022 (“Interim Results”).

As indicated in the Subsequent Events note to the Interim Results, due to the further decline
in GPI’s loss-making subsidiary, Mac Bothers Catering Equipment (Pty) Ltd (“Mac Brothers”),
GPI’s board of directors has been considering various options to mitigate the losses.

Shareholders are hereby advised that Mac Brothers has now been placed in voluntary
liquidation.


Cape Town
06 April 2022

Sponsor
PSG Capital

Date: 06-04-2022 08:35:00
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