- October 12, 2009
- Posted by: admin
- Category: SENS Announcements
Fulfilment of conditions precedent relating to the transaction between Johnnic Holdings Limited and Tsogo Sun Gaming (Proprietary) Limited pursuant to which the HCI group decreases its indirect interest in Tsogo Sun Kwa Zulu Natal (Proprietary) Limited.
Shareholders are referred to the announcement made on 2 July 2009, that Johnnic Holdings Limited, a wholly owned subsidiary of HCI, had entered into an agreement with Tsogo Sun Gaming (Proprietary) Limited pursuant to which the HCI Group would decrease its indirect interest in Tsogo Sun KwaZulu-Natal (Proprietary) Limited from 46.6% to 28%.
Shareholders are advised that all the conditions precedent to the above transaction have been fulfilled.