Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address


  Print      Mail a friend       Annual reports

Friday 18 February, 2011


Implementation of hotels and gaming merger in SA

RNS Number : 4573B
18 February 2011

18 February 2011


SABMiller announces the implementation of its hotels and gaming merger in South Africa

SABMiller plc announces that all the conditions precedent relating to the merger of  Tsogo Sun, its South African hotels and gaming associate, with Gold Reef Resorts Limited, a Johannesburg Stock Exchange listed business with premier gaming assets in five of South Africa's provinces, have been fulfilled or waived (where appropriate). Accordingly, the transaction has become unconditional. 

The closing of the transaction is expected to take place on 24 February 2011 and will be effected through the acquisition by Gold Reef of the entire issued share capital of Tsogo Sun in exchange for the issue of new shares in Gold Reef.  SABMiller will exchange its 49% interest in Tsogo Sun for a 39.7% interest in the enlarged Gold Reef/Tsogo Sun business, which will continue to be listed on the JSE and whose name will be changed to Tsogo Sun Holding Limited

The merger will create the premier gaming and hotel company in South Africa and will enable Gold Reef and Tsogo shareholders to benefit from the earnings, geographical and market segment diversification achieved through the exposure to the respective portfolios of assets and income streams of Gold Reef and Tsogo.  Notwithstanding recent tough trading conditions, these businesses are well positioned to benefit from anticipated medium term improving economic conditions and increasing consumer spending across South Africa.



Notes to editors:

About SABMiller plc

SABMiller is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the world's largest bottlers of Coca-Cola products.

In the year ended 31 March 2010 the group reported US$3,803 million in adjusted pre-tax profit and group revenue of US$26,350 million. SABMiller is listed on the London and Johannesburg stock exchanges.

About Tsogo Sun

Following the implementation of the merger, which was originally announced on the Stock Exchange News Service of the JSE on 18 February 2010, Tsogo Sun will be South Africa's leading hotel, gaming and entertainment company and will consist of two divisions, namely Gaming and Hotels.

Tsogo Sun's gaming operations will consist of 14 casinos represented in 6 of South Africa's provinces. It will have an interest in the following resorts:

·              Montecasino, Gauteng                                                                     (100.00%)

·              Gold Reef City, Gauteng                                                                  (100.00%)

·              Silverstar Casino, Gauteng                                                               (100.00%)

·              Suncoast Casino and Entertainment World, KwaZulu-Natal                  (73.50%)

·              Mykonos Casino, Western Cape                                                       (70.36%)

·              Golden Horse Casino, Kwa-Zulu Natal                                                (100.00%)

·              The Ridge Casino, Mpumalanga                                                        (100.00%)

·              Emnotweni Casino, Mpumalanga                                                      (100.00%)

·              Blackrock Casino, Kwa-Zulu Natal                                                    (100.00%)

·              Goldfields Casino, Free State                                                            (100.00%)

·              Caledon Casino, Western Cape                                                         (100.00%)

·              Garden Route Casino, Western Cape                                                (85.00%)

·              Hemmingways Casino, Eastern Cape                                                (80.00%)

·              Queens Casino , Eastern Cape                                                         (25.10%)

Tsogo Sun also owns the Southern Sun hotels group, which was founded in 1969 with the Beverly Hills Hotel in Umhlanga, and has grown to be the largest hotel group in South Africa, with approximately 90 hotels and 14 438 rooms at the end of 2010.


The Southern Sun Hotel group operates in all market segments from deluxe to budget, under a variety of brands including Southern Sun, Garden Court and StayEasy, which principally service "people at work" which includes the key, corporate, government, conference, airline and incentive segments of the market, making up approximately 75% of revenue. Southern Sun is also the largest timeshare operator in South Africa.


Internationally the group has expanded in Africa, Seychelles and the Middle East and continues to look for new investment opportunities in these regions.

This announcement is available on the company website:

High resolution images are available for the media to view and download free of charge from the News and Media section of or


SABMiller plc

Tel: +44 20 7659 0100

Sue Clark

Director of Corporate Affairs

Tel: +44 20 7659 0184

Gary Leibowitz

Senior Vice President, Investor Relations

Tel: +44 20 7659 0174

Nigel Fairbrass

Head of Media Relations

Tel: +44 7799 894265

This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of SABMiller plc (the "Company") or any of its affiliates in any jurisdiction or an inducement to enter into investment activity.

This announcement includes "forward-looking statements".  These statements may contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning.  All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements.  These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.  These forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future.  These forward-looking statements speak only as at the date of this announcement.  The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Any information contained in this announcement on the price at which the Company's securities have been bought or sold in the past, or on the yield on such securities, should not be relied upon as a guide to future performance.

This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t