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DELTA PROPERTY FUND LIMITED - Delta/Rebosis - Renewal of joint cautionary announcement

Release Date: 18/09/2019 09:00
Code(s): DLT REB REA REBC15     PDF:  
 
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
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