Wrap Text
Delta/Rebosis - Renewal of joint cautionary announcement
DELTA PROPERTY FUND LTD REBOSIS PROPERTY FUND LTD
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06) (Registration number 2010/003468/06)
JSE share code: DLT JSE share codes: REA ISIN: ZAE000240552
JSE Alpha code: DLTI REB ISIN: ZAE000201687
(Approved as a REIT by the JSE) JSE alpha code: REBI
(“Delta”) (Approved as a REIT by the JSE)
(“Rebosis”)
_____________________________________________________________________________________________________
RENEWAL OF JOINT CAUTIONARY ANNOUNCEMENT
_____________________________________________________________________________________________________
Shareholders of Delta and Rebosis (the “Parties”) are referred to the joint cautionary announcement
released on SENS on 6 August 2019 (“Initial Announcement”), advising that the respective boards of
the Parties have, in-principle, agreed to enter into exclusive merger discussions in order to effect a
potential transaction, subject to various outstanding matters and stakeholder engagement and
support (“Merger”).
Merger progress
Subsequent to the Initial Announcement, the Parties have made meaningful progress on finding a set
of workable terms for the Merger (“Merger Terms”) and are still in discussions in this regard. The
Parties are in the process of engaging key stakeholders regarding the Merger Terms. Subsequent to
such engagement and depending of the outcome of same, the Parties will revert to the market.
Renewal of Cautionary Announcement
Accordingly, Delta and Rebosis shareholders are advised that, as discussions between the Parties are
still ongoing, shareholders should continue to exercise caution when dealing in the securities of Delta
and Rebosis, until a further announcement is made.
Johannesburg
18 September 2019
Transaction Advisor and Transaction Sponsor to Transaction Advisor to Rebosis
Delta
PSG Capital YW Capital
Sponsor to Delta and Rebosis
Nedbank Corporate and Investment Banking
Date: 18/09/2019 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Email this JSE Sens Item to a Friend.