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Tsogo Sun Holdings Ltd (TSHJ.J)

TSHJ.J on Johannesburg Stock Exchange

2,520.00ZAc
26 Apr 2017
Change (% chg)

0.00 (+0.00%)
Prev Close
2,520.00
Open
2,520.00
Day's High
2,523.00
Day's Low
2,499.00
Volume
867,832
Avg. Vol
824,806
52-wk High
3,262.00
52-wk Low
2,430.00

Latest Key Developments (Source: Significant Developments)

Niveus Investments proposes disposal of certain gaming businesses
Tuesday, 14 Mar 2017 01:05am EDT 

Niveus Investments: Proposed disposal by Niveus of certain gaming businesses and unbundling of Gameco . Says Niveus holds 460 mln ordinary shares in Gameco . It is anticipated that Niveus shareholders will receive 3.62 Gameco shares for every 1 Niveus share held on record date of unbundling . Tsogo has limited maximum aggregate consideration payable in respect of Gameco shareholders electing cash based alternative to 1.2 billion rand .Tsogo agreed with HCI to make a voluntary offer to all minority shareholders of Gameco to acquire shareholding in Gameco.  Full Article

Hospitality Property in talks to buy hotels worth 2.2 bln rand from Tsogo Sun
Friday, 10 Feb 2017 04:25am EST 

Hospitality Property Fund Ltd : Entered into negotiations with Tsogo Sun and/or subsidiaries over potential acquisition of a circa R3.3 billion portfolio of hotel assets . Proposed transaction will be implemented on an income-for-income basis and funded by hospitality through a debt and equity .Preparing to undertake an underwritten rights offer to raise about R1.8 billion at offer pricing based on then prevailing market price.  Full Article

BRIEF-Hospitality Property in talks to buy hotels worth 3.3 bln rand from Tsogo Sun
Friday, 10 Feb 2017 04:25am EST 

Corrects figure in headline to 3.3 bln rand from 2.2 bln rand.Hospitality Property Fund Ltd : Entered into negotiations with Tsogo Sun and/or subsidiaries over potential acquisition of a circa R3.3 billion portfolio of hotel assets . Proposed transaction will be implemented on an income-for-income basis and funded by hospitality through a debt and equity .Preparing to undertake an underwritten rights offer to raise about R1.8 billion at offer pricing based on then prevailing market price.  Full Article

Trematon Capital to sell WC Leisure stake for 190 mln rand
Monday, 14 Nov 2016 04:30am EST 

Trematon Capital Investments Ltd : Disposal of interest in Mykonos casino to Tsogo Sun Holdings Limited and withdrawal of cautionary announcement . Disposal will be effected by means of a share repurchase of CML's shares such that Tsogo will acquire all of issued shares in WC Leisure . Consideration will be utilised to grow current business operations as well as retain cash reserves . Entered into informal heads of agreement with Tsogo Sun to dispose of 29,640 ordinary shares in West Coast Leisure Proprietary Ltd .Disposal represents its 29.64 pct interest in WC Leisure, for an aggregate consideration of 190 mln rand.  Full Article

Hospitality Property declares dividend payment
Friday, 23 Sep 2016 08:32am EDT 

Hospitality Property Fund Ltd: Tsogo Sun to acquire control of Hospitality – clean out dividend and finalisation announcement . Declared dividend for period from 1 July to 31 Aug, payable to holders of a ordinary shares only, of 9.28911 cents (gross) per A share . No clean out dividend is payable to holders of B shares .Issued share capital at declaration of clean out dividend comprises 144 285 503 A shares, 144 285 503 B shares of no par value.  Full Article

Hospitality Property and Tsogo Sun confirm effective date of deal
Thursday, 1 Sep 2016 06:08am EDT 

Hospitality Property Fund Ltd :Tsogo Sun and Hospitality are pleased to confirm that effective date of transaction is 1 September 2016.  Full Article

Hospitality Property Fund - Competition Tribunal approves Tsogo Sun deal with conditions
Thursday, 11 Aug 2016 02:30am EDT 

Hospitality Property Fund Ltd : Tsogo Sun to acquire control of hospitality by vending a portfolio of hotels into hospitality in exchange for shares . Transaction has been approved by Competition Tribunal .Competition tribunal approval subject to conditions accepted by both parties.  Full Article

S.Africa's Competition Tribunal says Southern Sun competitors withdraw intervention request
Wednesday, 15 Jun 2016 06:51am EDT 

S.Africa's Competition Tribunal : Southern Sun competitors withdraw request to intervene in merger . Two companies in hospitality sector have withdrawn their request to be given an opportunity to intervene in an upcoming merger hearing . Argute Consulting and Tourvest Holdings said today, Wednesday 15 2016, that they had reached agreements with merging parties regarding their concerns . Argute and Tourvest said they would still make themselves available to competition commission when commission presented its case at hearing . Competition commission has recommended to tribunal conditional approval of merger . Granting of an intervention would have allowed argute and tourvest to present their argument to tribunal and to cross examine witnesses . Commission has taken into consideration other third party concerns in its conditions ((Bengaluru Newsroom +918067491136;)).  Full Article

S.Africa Competition Tribunal to hear Argute Consulting on Southern Sun Hotels merger
Tuesday, 14 Jun 2016 09:15am EDT 

S.Africa Competition Tribunal : On Wednesday, the tribunal will hear an application by Argute Consulting to intervene in the merger hearing of Southern Sun Hotels and Hospitality Property Fund . Argute Consulting has raised concerns that Tsogo Sun will have access to competitively sensitive information . Argute consulting has raised concerns that Tsogo Sun could refuse to renew leases of hotel operators with a view to take over the operations ((Bengaluru Newsroom +918067491136;)).  Full Article

Tsogo Sun Holdings says FY adj HEPS gains 12 pct
Wednesday, 25 May 2016 01:32am EDT 

Tsogo Sun Holdings Ltd : Reviewed condensed consolidated financial results for the year ended 31 March 2016 . FY income r12.3 billion up 8% . FY adjusted HEPS 196.5 cents up 12% . Final dividend per share 67.0 cents up 12% . Trading is expected to remain under pressure. .Group remains highly cash generative and is confident in achieving attractive returns from growth strategy once macro-economic environment improves.  Full Article

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Deals of the day-Mergers and acquisitions

Nov 23 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: