Hosken Passenger Logistics Granted JSE Listing From April 24

HPLR, the largest scheduled commuter bus operator in the Cape Metropole through its unit Golden Arrow Bus Services, has been granted a listing on JSE’s main board.

* Company doesn’t intend to raise capital leading up to the listing;
* NOTE: Hosken Consolidated Investments is currently the owner of ~62% of the issued share capital of HPLR, while La Concorde Holdings owns remaining 38%;
* NOTE: La Concorde intends, prior to the listing, to distribute all HPLR shares held by it to its shareholders by way of a dividend in specie; Niveus Investments, the majority shareholder of La Concorde with 58% of its share capital, will distribute all HPLR shares received by it under the La Concorde unbundling to its shareholders by way of a dividend in specie. Source: Bloomberg