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ATTACQ LIMITED - Attacq recycles capital Rest of Africa retail investment

Release Date: 28/06/2019 13:38
Code(s): ATT     PDF:  
 
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Attacq recycles capital – Rest of Africa retail investment

ATTACQ LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/000543/06)
JSE share code: ATT  ISIN: ZAE000177218
(Approved as a REIT by the JSE)
("Attacq")


ATTACQ RECYCLES CAPITAL – REST OF AFRICA RETAIL INVESTMENT


Attacq is pleased to announce that AttAfrica Limited ("AttAfrica"), in which it owns a 31.8% stake, has concluded
an agreement to dispose of its interest in Achimota Retail Centre ("Achimota"), Ghana.

The sale price for the disposal of Achimota is in line with Attacq's carrying value of its effective share in the mall
as at 31 December 2018. Attacq will use its share of the disposal proceeds to reduce its rand denominated debt.

Subject to finalisation of certain terms, the disposal of one other African retail property is expected to be concluded
soon. Once these terms are finalised, the transaction will be announced in due course. Attacq will continue to pursue
disposals of its Africa retail investments in an orderly manner over time.

28 June 2019



Sponsor
Java Capital

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