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REBOSIS PROPERTY FUND LIMITED - Proposed disposal of Mafikeng student accommodation - Distribution of circular

Release Date: 20/01/2020 16:20
Code(s): REB REA     PDF:  
Wrap Text
Proposed disposal of Mafikeng student accommodation - Distribution of circular

(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”)


1. Introduction
   Rebosis shareholders are referred to the announcement dated 06 September 2019 and the update thereto on 15
   November 2019, wherein shareholders were advised that the Company had entered into an agreement and two
   further addendums thereto with Adowa Infrastructure Managers (RF) Proprietary Limited and the Government
   Employees Pension Fund, to dispose of student accommodation situated at Erf 2460, Mafikeng, together with the
   rental enterprise conducted thereon (the “Disposal”).

2. Distribution of circular
   As stated in the above announcements, the Disposal is classified as a Category 2, related party transaction for the
   Company, which accordingly requires the distribution of a circular to Rebosis shareholders.

   In the announcement dated 15 November 2019, shareholders were advised that the Company expects to
   distribute the circular during the first half of January 2020. Shareholders are further advised that the delay in
   finalising the Company’s audited financial year-end results in respect of the period ended 31 August 2019, which
   were published on 30 December 2019, together with the impact of the 2019/2020 festive season on the timetable,
   has resulted in a delay in finalising the circular.

   The Company expects to distribute the circular by end February 2020. The salient dates and times pertaining to
   the required approval by Rebosis shareholders will be released on SENS and published in the press at the time of
   posting of the circular.

20 January 2020

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 20-01-2020 04:20:00
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