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)
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
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.
18 September 2019
Transaction Advisor and Transaction Sponsor to Transaction Advisor to Rebosis
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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