Wrap Text
Distribution Results Announcement
OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis Crescent Property
Trust Scheme registered in terms of the Collective
Investment Schemes Control Act (Act 45 of 2002) having
REIT status with the JSE
JSE share code: OAS
ISIN: ZAE000074332
("the Fund")
DISTRIBUTION RESULTS ANNOUNCEMENT
1. Unitholders are referred to the announcements released by the Fund on SENS on
24 October 2023 and 3 November 2023, regarding the Fund's distribution in respect of the
six months ended 30 September 2023, as well as the circular to unitholders dated
3 November 2023 ("Circular"), in this regard.
2. As indicated in the above announcements and the Circular, unitholders could elect to
receive in cash the distribution of 5,323.75911 cents (in aggregate), after non-permissible
income, for every 100 units held ("Cash Distribution"), failing which the distribution would
be reinvested at the rate of 2.19715 units at 2,423 cents per unit (in aggregate) for every
100 units so held ("Unit Reinvestment"). Non-resident unitholders are referred to those
sections of the abovementioned announcements and the Circular dealing with the
reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for
the above election was 12:00 p.m. on Friday, 1 December 2023.
3. Unitholders holding 43 644 227 units or 65.51% of units qualifying to receive the distribution,
elected to receive the Cash Distribution, resulting in a Cash Distribution of R23 235 135.12,
gross of tax.
4. The remaining unitholders, holding 22 982 790 units or 34.49% of units qualifying to receive
the distribution, reinvested their distribution, amounting to R12 235 483.76, gross of tax
(R11 841 022.96 net of tax), resulting in the issuing of 488 637 new units.
5. Unitholders are advised that on Monday, 4 December 2023 distribution payments were
made into the bank accounts of those certificated unitholders, and distribution payments
were credited to the Central Securities Depositary Participant ("CSDP") accounts or to the
broker custody accounts of those dematerialised unitholders, who elected to receive the
Cash Distribution.
6. Unitholders are advised that on Wednesday, 6 December 2023 new unit certificates will be
posted to those certificated unitholders, and new units will be credited to the CSDP accounts
or broker custody accounts of those dematerialised unitholders, who qualified for the Unit
Reinvestment.
7. Unitholders are advised that 9 608 units will be issued to directors of Oasis Crescent
Property Fund Managers Limited and their associates, with no units being issued to
prescribed officers or the company secretary of Oasis Crescent Property Fund Managers
Limited, on the following basis:
DIRECTOR / ASSOCIATE OF DIRECTOR NO. OF UNITS
ADAM EBRAHIM FAMILY TRUST 1 427
BINT NUR EBRAHIM TRUST 475
ZAHRA EBRAHIM TRUST 475
ABLI FAMILY TRUST 475
ROSHIN ARA EBRAHIM FAMILY TRUST 475
OASIS CRESCENT PROPERTY FUND MANAGERS 4 133
OASIS CRESCENT INSURANCE LTD 1 686
MR MAHOMED SHAHEEN EBRAHIM 462
8. The number of listed units will be adjusted on or about Friday, 8 December 2023, based on
the results of the distribution.
9. Unitholders are referred to the Fund's abovementioned announcements for details on the
tax implications of the distribution.
Cape Town
4 December 2023
Corporate Advisor and Designated Advisor
PSG Capital
Date: 04-12-2023 01:00:00
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