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GRAND PARADE INVESTMENTS LIMITED - Category 2 Transaction: Finalisation Announcement

Release Date: 13/02/2023 11:30
Code(s): GPL     PDF:  
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Category 2 Transaction: Finalisation Announcement

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”)

CATEGORY 2 TRANSACTION: FINALISATION ANNOUNCEMENT

Shareholders are referred to the category 2 transaction announcement released by GPI on
the JSE’s Stock Exchange News Service (“SENS”) on Wednesday, 5 October 2022
(“Category 2 Announcement”), advising that the Company had concluded a number of
agreements regarding the acquisition and disposal of certain rental enterprises, in relation to
the settlement of a dispute with Gumboot Investments Proprietary Limited.

All capitalised terms used but not defined in this announcement shall bear the meanings
ascribed to them in the Category 2 Announcement.

Shareholders are advised that all conditions precedent listed in the Category 2 Announcement
in relation to the Gumboot Sale Agreement, the Epping Sale Agreement, the Sebenza Sale
Agreement and the Settlement Agreement have been fulfilled and, accordingly, the
transactions contemplated in such agreements are now unconditional and was implemented
on Tuesday, 7 February 2023.

The board of directors of the Company accepts responsibility for the information contained in
this announcement. To the best of their collective knowledge and belief, the information
contained in this announcement is true and the announcement does not omit anything likely
to affect the importance of the information contained herein.

Cape Town
13 February 2023

Sponsor
PSG Capital

Legal Advisor
Clyde & Co

Date: 13-02-2023 11:30:00
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