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REBOSIS PROPERTY FUND LIMITED - Voluntary announcement regarding the resignation of Rebosis directors from New Frontier board

Release Date: 15/07/2019 07:05
Code(s): REB REA REBC15     PDF:  
 
Wrap Text
REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
Alpha code: REBI
(Approved as a REIT by the JSE)
(?Rebosis? or the ?Company?)


VOLUNTARY ANNOUNCEMENT REGARDING THE RESIGNATION OF REBOSIS DIRECTORS FROM NEW FRONTIER BOARD
Rebosis shareholders are referred to the announcement released by the Company on Friday, 12 July 2019, regarding the disposal of the Company?s entire 49.35% interest in New Frontier Properties Limited (?New Frontier?) via the disposal of seven wholly-owned subsidiaries, which each have a shareholding in New Frontier (?Transaction?).
As a consequence of the Transaction, Messrs Sisa Ngebulana and Robert Becker have resigned from the New Frontier board with effect 11 July 2019. The Transaction, coupled with these resignations, closes the remaining chapter of any business Rebosis has with, and support provided to, New Frontier. Johannesburg 15 July 2019 Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited Legal advisor Cliffe Dekker Hofmeyr Inc Date: 15/07/2019 07:05:00
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