|
|
SunInt - termination of proposed transaction
Shareholders were referred to the announcements released by the Company on SENS on 18 December 2023 and 25 October 2024, as well as to the circular distributed to shareholders dated 5 February 2024, regarding the proposed acquisition by Sun International (South Africa) Ltd., a wholly owned subsidiary of Sun International, of all of the issued ordinary shares and any claims on loan account against Peermont ("Proposed Transaction").
The Competition Tribunal stipulated dates for its hearing and closing arguments, the latter thereof being on 2 October 2025 ("Hearing Date"). The approval of the Competition Tribunal is a condition precedent to the Proposed Transaction, which currently has a longstop date of 15 September 2025 ("Regulatory Longstop Date").
Accordingly, as the Hearing Date is after the Regulatory Longstop Date, the parties have mutually agreed to the immediate termination of the Proposed Transaction.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
