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VUKILE PROPERTY FUND LIMITED - Acquisition of Mdantsane City Shopping Centre

Release Date: 09/09/2019 12:30
Code(s): VKE VKE09 VKE10 VKE11 VKE12 VKE13 VKE14 VKE07     PDF:  
 
Wrap Text
Acquisition of Mdantsane City Shopping Centre

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE  NSX share code: VKN
ISIN: ZAE000180865
Debt company code: VKEI
(Granted REIT status with the JSE)
("Vukile" or "the company")


ACQUISITION OF MDANTSANE CITY SHOPPING CENTRE


Shareholders are referred to the announcement released on SENS on 23 July 2019 relating to the proposed
acquisition by Vukile of the rental enterprise comprising Mdantsane City Shopping Centre ("Mdantsane
City") from Rebosis Property Fund Limited ("Rebosis") for a purchase consideration of R511 372 000.00
(the "Mdantsane acquisition").

Shareholders are hereby advised that on 6 September 2019 Vukile and Rebosis concluded the formal
agreement to effect the Mdantsane acquisition.

The rationale, terms and other details relating to the Mdantsane acquisition as set out in the 23 July 2019
announcement remains materially unchanged.

The Mdantsane acquisition is conditional only on the receipt by Rebosis of its shareholder approvals required
for Rebosis to implement the transaction with Vukile (which condition is required to be fulfilled by
31 October 2019).

The Mdantsane acquisition is not categorisable from a Vukile perspective and no shareholder approval is required 
by Vukile for its implementation.

9 September 2019


Corporate advisor and JSE sponsor  
Java Capital                  

NSX sponsor               
IJG Securities (Pty) Ltd

Attorneys and competition law
Cliffe Dekker Hofmeyr
                       

Date: 09/09/2019 12:30:00
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