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Distribution of Circular and Notice of General Meeting
DELTA PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/005129/06)
Share code: DLT
ISIN: ZAE000194049
(Approved as a REIT by the JSE)
("Delta" or "the Company")
DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING
1. Introduction
1.1. Shareholders are referred to the announcement released by the Company on SENS on
Thursday, 11 April 2025, advising Shareholders that it had entered into a sale of letting
enterprises agreement with Jordisys Proprietary Limited ("Purchaser"), in terms of
which it will dispose of the letting enterprises in respect of the property situated at 88
Joe Slovo Street, Durban, Kwa-Zulu Natal (known as "88 Field Street"), to the
Purchaser for a cash consideration of R76 000 000.00, inclusive of VAT at 0% ("88 Field
Street Disposal").
1.2. Shareholders are hereby advised that a circular ("Circular") providing relevant
information relating to the 88 Field Street Disposal will be distributed to shareholders
today, Friday, 11 July 2025.
1.3. Unless otherwise defined herein, capitalised words and terms contained in this
announcement shall bear the meanings ascribed thereto in the Circular.
2. Distribution of Circular and Notice of General Meeting
2.1. The Circular distributed today also incorporates a notice convening a general meeting
of shareholders ("General Meeting") for the purpose of considering and, if deemed fit,
passing, with or without modification, the resolutions contained therein.
2.2. Shareholders can also obtain copies of the Circular as follows –
2.2.1. by accessing an electronic copy of the Circular in the Company's website, available
at www.deltafund.co.za/circulars/; and
2.2.2. by contacting the Company Secretary, at vasta.mhlongo@deltafund.co.za to request
an electronic copy of the Circular or to make reasonable alternative arrangements to
obtain a copy.
2.3. Accordingly notice is hereby given that the General Meeting will be held at 09h00 on
Friday, 8 August 2025, physically at the Delta Boardroom, Silverstream Business Park,
10 Muswell Road South, Bryanston and by electronic communication, in order to
consider and, if deemed fit, to pass, with or without modification, the requisite resolutions
for the 88 Field Street Disposal.
3. Salient dates and times
The salient dates and times relating to the General Meeting are set out below:
2025
Record Date to Receive Notice being the record date Friday, 4 July
to be eligible to receive this Circular and the Notice of
General Meeting
Announcement of distribution of Circular and Notice of Friday, 11 July
General Meeting on SENS on
Circular, incorporating Notice of General Meeting and Friday, 11 July
Form of Proxy (grey), posted to Shareholders on
Last day to trade Shares in order to be eligible to vote Tuesday, 29 July
at the General Meeting
Record Date to Vote being the record date to be eligible Friday, 1 August
to attend, participate and vote at the General Meeting
For administrative reasons, Forms of Proxy (grey) in Wednesday, 6 August
respect of the General Meeting to be lodged at or
received via hand, post or e-mail by The Meeting
Specialist (TMS) by no later than 09:00 on
Form of Proxy (grey) in respect of the General Meeting Friday, 8 August
to be handed to the Chairman of the General Meeting
or TMS at the General Meeting, at any time before the
proxy exercises any rights of the Shareholder at the
General Meeting on
General Meeting of Shareholders held at 09:00 on Friday, 8 August
Results of the General Meeting released on SENS on Friday, 8 August
Notes
1. The above dates and times may be subject to change. Any changes will be announced
on SENS.
2. All times quoted in the Circular are local times in South Africa.
3. Shareholders should note that, as transactions in Shares are settled in the electronic
settlement system used by Strate, settlement of trades takes place three business days
after such trade. Therefore, persons who acquire Shares after the last day to trade,
namely, Tuesday, 29 July 2025, will not be eligible to attend, participate in and vote at
the General Meeting in respect of those Share acquired after the last day to trade.
4. Forms of Proxy (grey) are to be lodged with TMS, for administrative purposes only, by
no later than 09:00 on, Wednesday, 6 August 2025. Alternatively, Forms of Proxy (grey)
may be handed to the Chairman of the General Meeting or TMS at the General Meeting
at any time before the appointed proxy exercises any Shareholder rights at the General
Meeting.
5. If the General Meeting is adjourned or postponed, Forms of Proxy (grey) submitted for
the initial General Meeting will remain valid in respect of any adjournment or
postponement of the General Meeting unless the contrary is stated on such Forms of
Proxy.
Johannesburg
11 July 2025
Transaction Sponsor
Valeo Capital (Pty) Ltd
Date: 11-07-2025 10:00:00
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