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.