Update in Relation to Disposal of Interest in Burger King – Further Extension of Dates
Update in Relation to Disposal of Interest in Burger King – Further Extension of Dates 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”) UPDATE IN RELATION TO DISPOSAL OF INTEREST IN BURGER KING – FURTHER EXTENSION OF DATES 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 (“Disposal” or “Proposed Transaction”), to an affiliate of ECP Africa Fund IV LLC and ECP Africa Fund IV A LLC and to the circular issued on 12 March 2021 (“Circular”). Shareholders are hereby advised that the parties to the Disposal are still actively engaging the Competition Commission. As a result of which, shareholders are advised that the dates for fulfilment or waiver of the conditions, as set out in in paragraph 2.5.1 and 2.5.2 of the Circular, have been further extended to 20 September 2021. Shareholders will be further updated in due course. Cape Town 20 July 2021 Sponsor PSG Capital Date: 20-07-2021 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.