- July 10, 2018
- Posted by: Cheryl
- Category: SENS Announcements
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Further to the detailed cautionary announcement issued on 3 March 2018 and the various renewal of cautionary announcements, the last of which was dated 1 June 2018, the board of directors of HCI is pleased to announce that Tsogo has entered into a sale of shares and subscription agreement with HPF, whereby Tsogo will dispose of a portfolio of seven mixed-use casino precinct properties to HPF for an aggregate purchase consideration of R23 billion (the “Disposal”). In terms of the JSE Listings Requirements, the Disposal is classified as a Category 2 transaction for HCI, as Tsogo is a subsidiary of the Company. Accordingly, the Disposal does not require approval by HCI shareholders. Shareholders should note the content of the Tsogo announcement issued 9 July 2018 (the “announcement”) for the JSE Listings Requirements Category 2 disclosure. On the basis of the above and the contents of the announcement, caution is no longer required to be exercised when dealing in the Company’s shares. Cape Town 10 July 2018