20 Jul - 2 min read

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.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Grand Parade Investments Limited (JSE:GPL) when you join Listcorp.