Tsogo Sun to acquire control of Hospitality

Posted On Thursday, 01 September 2016 13:03 Published by
Rate this item
(0 votes)

Confirmation of the Effective Date of the Transaction.

Marcel_von_Aulock_Tsogo_Sun_CEO

Tsogo Sun will acquire a controlling stake in Hospitality by vending a portfolio of ten hotel properties into Hospitality in exchange for the issue of Hospitality ordinary shares, the last of which was released jointly by Tsogo Sun and Hospitality on 11 August 2016. 

Tsogo Sun and Hospitality are pleased to confirm that the effective date of the Transaction is 1 September 2016. 

The board of directors of Hospitality is pleased to announce the appointment of John Copelyn, Zibusiso Kganyago, Laurelle McDonald (neé Fick), Rob Nicolella and Marcel von Aulock as non-executive directors to the Board, with effect from the Effective Date. 

The Board welcomes the new directors to Hospitality and looks forward to their contribution. 

Last modified on Thursday, 01 September 2016 19:12

Most Popular

Alexander Swart Property Group: Cape Town’s Residential Property Values still the best in SA

May 25, 2019
 BBA 1
A survey recently carried out by the respected property analysts, Lightstone, has…

Dipula Holding steady in tough trading conditions

May 22, 2019
 IZAK PETERSEN
JSE diversified REIT, Dipula Income Fund (Dipula), today announced steady interim results…

Lucid launches SA’s newest hotel brand Home* Suite Hotels

May 22, 2019
 BEDROOM
Lucid Ventures, the R350M Cape Town based Hotel Fund, this week announced the launch of…

Tradehold shows resilience in demanding markets

May 24, 2019
 FRIEDRICH ESTERHUYSE
In the year to February, 2019 Tradehold, with property interests split between southern…

EPP and Echo Investment awarded for Towarowa 22 plans

May 21, 2019
 EPP CEO HARDLEY DEAN
EPP, Poland’s largest owner of shopping malls and its partner Echo Investment, the…

Please publish modules in offcanvas position.