GoGlobal Properties Limited completed the acquisition of Leatherback Properties Limited from Sphere Trustees Limited.
The acquisitions are subject to GoGlobal shareholders approving the issue of the consideration shares in an extraordinary general meeting and admission of the consideration shares on the Bermuda Stock Exchange and the Alternative Exchange of the JSE Limited. As on September 8, 2014, all the resolutions proposed at the extraordinary general meeting of Goglobal shareholders held at Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4NA, including all resolutions necessary to approve the acquisition, were approved by the requisite majority of shareholders. Java Capital (Proprietary) Limited acted as financial advisor to GoGlobal.
GoGlobal Properties Limited completed the acquisition of Leatherback Properties Limited from Sphere Trustees Limited in stock on October 1, 2014. Post completion, David Smith, Sean Melnick, Hendrik Esterhuizen and Cobus Josling resigned as Directors while Paul Arenson was appointed as Chief Executive Officer, Paul Arenson as Chief Financial Officer, Neil Marais as Executive Director, Michael Fienberg and Stephen Ball as Non-Executive Directors.