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TSOGO SUN LIMITED - Results of the Odd-Lot Offer

Release Date: 11/09/2023 10:50
Code(s): TSG     PDF:  
Wrap Text
Results of the Odd-Lot Offer

TSOGO SUN LIMITED
Incorporated in the Republic of South Africa
Registration number 1989/002108/06
(formerly “Tsogo Sun Gaming Limited”)
Share Code: TSG
ISIN: ZAE00273116
(“Tsogo Sun”)
_________________________________________________________________________________________________________________________________________________________________

RESULTS OF THE ODD-LOT OFFER
_________________________________________________________________________________________________________________________________________________________________


Words and expressions defined in this announcement shall, when used below, bear the same meanings
ascribed to them in the circular distributed to Shareholders on Tuesday, 18 July 2023.
Further to the Finalisation Announcement released on SENS on Thursday, 24 August 2023, Tsogo Sun
Shareholders are advised that the Odd-lot Offer closed at 12:00 (SAST) on Friday, 8 September 2023 and that
the results of the Odd-lot Offer are as follows:

                                                                                                                                    Total number of
                                   Number of Tsogo
                                                                   Number of Tsogo                 Number of Tsogo                 Tsogo Sun Shares
                                        Sun Shares
                                                                   Sun Shares sold                 Sun Shares sold                      repurchased
                                       retained by
                                                                       by election                     by default*                  pursuant to the
                                          election
                                                                                                                                      Odd-lot Offer

 Certificated                                    0                               0                              83                               83
 
 Dematerialised                             17,013                         128,871                           9,090                          137,961
 
 Total                                      17,013                         128,871                           9,173                          138,044


* Odd-lot Holders who did not make an election were automatically regarded as having chosen to dispose of their
  Odd-lot Holdings

Accordingly, Tsogo Sun repurchased a total of 138,044 Tsogo Sun Shares in terms of the Odd-lot Offer,
representing 0.013% of the total number of Tsogo Sun Shares in issue, for a total consideration of
R1,795,952.44.

Cancellation and termination of the listing of the Tsogo Sun Shares repurchased in terms of the Odd-lot Offer
is expected to occur on or about Tuesday, 12 September 2023, pursuant to which, the total number of Tsogo
Sun Shares in issue will be reduced from 1,044,221,994 Tsogo Sun Shares to 1,044,083,950 Tsogo Sun Shares.

Fourways
11 September 2023

Equity Sponsor                                                                      Legal Advisor
Investec Bank Limited                                                               White and Case Inc

Date: 11-09-2023 10:50:00
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