BRIEF-Tsogo Sun Hotels To Acquire 7.98% Of Hospitality's Issued Share Capital
July 20 (Reuters) - Tsogo Sun (JO: TSGJ ) Hotels Ltd TGOJ.J :
* JSE: TGO - ACQUISITION OF ADDITIONAL SHARES IN HOSPITALITY PROPERTY FUND
* TSOGO SUN HOTELS LTD - ENTERED INTO SHARE FOR SHARE AGREEMENTS WITH ALLAN GRAY PROPRIETARY LIMITED
* TSOGO SUN HOTELS LTD - TO ACQUIRE, IN AGGREGATE 46.1 MILLION HOSPITALITY SHARES IN AGGREGATE CONSTITUTING 7.98% OF HOSPITALITY'S ISSUED SHARE CAPITAL
* TSOGO SUN HOTELS - SALE SHARES BOUGHT IN EXCHANGE FOR 81.7 MILLION CO'S SHARES AT EXCHANGE RATIO OF 1.77 CO SHARES FOR EVERY 1 HOSPITALITY SHARE ACQUIRED
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