Tsogo definition
Examples of Tsogo in a sentence
Set out below is the form of Applicable Pricing Supplement that will be completed for each Tranche of Notes issued under the Programme: This Applicable Pricing Supplement must be read in conjunction with the Programme Memorandum, dated 5 December 2019, prepared by Tsogo Sun Gaming Limited in connection with the Tsogo Sun Gaming Limited ZAR20,000,000,000 Domestic Medium Term Note Programme, as amended and/or supplemented from time to time (the Programme Memorandum).
The valuation of the Tsogo investment in the Western Cape Assets will be limited to 29.99% of SIL’s market capitalisation at that time ("Capped Amount") and Tsogo will only be entitled to put so much of its investment to SIL as is equal to the Capped Amount, retaining the balance, subject to any required regulatory approval.
SIL and GPI are of the considered view that Tsogo can provide similar BEE ownership credentials to that of GPI, thereby ensuring that the BEE ownership requirements of the operations are maintained.
During May 2014, SIL, GPI and Tsogo (“the Parties”) announced a transaction whereby Tsogo would have acquired a 40% interest in SunWest and Worcester (“Previous Transaction”).
Description of Programme Tsogo Sun Gaming Limited ZAR20,000,000,000 Domestic Distribution Notes may be distributed by way of private placement, auction or bookbuild or any other means permitted under South African law, and in each case on a syndicated or non- syndicated basis as may be determined by the Issuer and the relevant Dealer(s) and reflected in the Applicable Pricing Supplement.
Royal Mail is the creator and owner of, or is otherwise authorised to use and exploit, the database known as Multiple Residence, and all Intellectual Property Rights subsisting in and/or relating to the same from time to time.
The Acquisition is considered to be a small related party transaction in terms of the JSE Listings Requirements as the Vendor is a wholly owned subsidiary of ▇▇▇▇▇▇ Consolidated Investments Limited, the major shareholder of Tsogo Sun Gaming.
All information pertaining to, inter alia, the description of Tsogo Sun Gaming Limited, its business, management and corporate governance, as set out in the Information Statement, which will be amended and restated from time to time, will be incorporated by reference in, and form part of this Programme Memorandum, and will be available on the Issuer’s website at ▇▇▇.▇▇▇▇▇▇▇▇.
Tsogo will settle the Purchase Consideration through the payment of 18 monthly cash installments of R37.5 million (unless adjusted per the aforegoing) commencing in the month following the fulfillment of the condition precedent to the Proposed Transaction, which condition is anticipated to be fulfilled by 30 April 2016.
In the event that GPI shareholder approval is not obtained by this date then SIL will increase the shares disposed of under the Sun Disposal such that Tsogo acquires a further 10% stake in the Western Cape Assets from SIL, bringing Tsogo’s aggregate interest in the Western Cape Assets to 20%.