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13-Nov-2018
(Official Notice)
Shareholders are advised that independent non-executive director Elize Stroebel, has for personal reasons, resigned from the board of directors of Arrowhead ("the board"), with immediate effect.



Shareholders are referred to the SENS released by Arrowhead on 20 August 2018 and are further advised that Rebosis Property Fund Ltd. ("Rebosis") has released its reviewed provisional results for the year ended 31 August 2018. Arrowhead has an approximately 16.4% interest in Rebosis through a holding of Rebosis B shares.



Rebosis has declared a dividend of 29.60 cents per Rebosis B share for the six months ended 31 August 2018. The Company has assessed the impact of Rebosis' dividend per Rebosis B share and Arrowhead now expects dividend growth for the year ended 30 September 2018 to be between -15.25% and -15.75%. Accordingly, the dividend for the year ended 30 September 2018 is expected to be between 74.1732 cents per share and 73.7356 cents per share and for the six-month period ended 30 September 2018, between 33.7432 cents per share and 33.3056 cents per share
19-Sep-2018
(Official Notice)
Shareholders are advised that Sam Mokorosi has been appointed as an independent non-executive director to the board of directors of Arrowhead, with immediate effect and will serve on the Audit and Risk Committee, Investment Committee and Social and Ethics Committee
22-Aug-2018
(Official Notice)
Indluplace Properties Ltd. ("Indluplace"), a subsidiary of Arrowhead which owns a portfolio of residential properties, today released a "Voluntary Investor Update" announcement on SENS, revising its expected dividend growth for the year ending 30 September 2018. Notwithstanding Indluplace's revised dividend forecast, Arrowhead reaffirms its guidance as contained in its SENS announcement released on 20 August 2018.
20-Aug-2018
(Official Notice)
Rebosis Property Fund Ltd. ("Rebosis") released a "Trading Statement and Investor Update" announcement on SENS rebasing its earnings. Arrowhead has an approximately 18.6% interest in Rebosis through a holding of Rebosis B shares.



The Company has assessed the impact of Rebosis' revised guidance in respect of the dividend per Rebosis B share for the six-month period and year ending 31 August 2018 on Arrowhead?s earnings for the year ending 30 September 2018.



Arrowhead now expects dividend growth for the year ending 30 September 2018 to be between -11% and -12% compared to the -6.5% previously forecast. Accordingly, the dividend for the six-month period ending 30 September 2018 is expected to be between 37.46280 cents per share and 36.58760 cents per share.



This updated guidance has not been reviewed or reported on by Arrowhead's auditors and should be read together with Arrowhead's results for the year ended 30 September 2017, published on SENS on 22 November 2017, and particularly the prospects section of those results.
05-Jul-2018
(Official Notice)
Shareholders are advised that CIS Company Secretaries (Pty) Ltd. has resigned as company secretary to Arrowhead and Vicki Turner has been appointed as company secretary, with immediate effect.
23-May-2018
(C)
Total revenue for the interim period increased to R1.233 billion (2017: R1.059 billion), net operating profit rose to R796.5 million (2017: R674.5 million), profit for the year attributable to equity shareholders of Arrowhead fell to R117.5 million (2017: R709.9 million), while headline earnings per Arrowhead ordinary shares dropped to 11.58 cents per share (2017: 68.70 cents per share).



Dividend

The board of directors ("Board") has approved a gross dividend (dividend number 25) of 40.43000 cents per share for the six months ended 31 March 2018.



Company prospects

Arrowhead continues to focus only on the South African market and believes it is well positioned to benefit from a South African upswing in the economy.



As highlighted earlier, Arrowhead has had a strong operational performance over the past six months. While the environment remains challenging and the general market is under pressure, the positive political changes experienced have led to increased business confidence. This increased optimism, together with a strong focus on property and asset management, have translated into strong letting over the period and the sale of a number of non-core properties.



Vacancies have been reduced to 10.63% (from 12.10%) and Arrowhead expects it's vacancy to be under 9% by the end of the financial year. Tenants remain under pressure and the letting market remains competitive, with larger tenant installations and commissions being incurred on new lettings. As a result, the benefits of this period's letting activity are only expected to have an impact in the 2019 financial year.



We are confident that we have made the correct strategic decisions, in tough macro-economic circumstances, to position the company for sustainable growth going forward, that we believe will create long term sustainable value for our shareholders.



Arrowhead remains on track to deliver its forecast communicated to the market in its annual results announcement released on Sens on 22 November 2017, and is well positioned for sustainable property growth into the 2019 financial year and beyond.
29-Mar-2018
(Official Notice)
Shareholders are advised that a copy of an investor presentation, presented by Arrowhead to members of the investment community, is available on Arrowhead?s website ? www.arrowheadproperties.co.za.
30-Jan-2018
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Monday, 29 January 2018 (in terms of the notice of annual general meeting dispatched to shareholders on 22 December 2017), all of the resolutions tabled thereat were passed by the requisite majority of Arrowhead shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Arrowhead shares that could have been voted at the annual general meeting: 1 049 953 742; and

*total number of Arrowhead shares that were present/represented at the annual general meeting: 719 247 859 being 69% of the total number of Arrowhead shares that could have been voted at the annual general meeting.

22-Jan-2018
(Official Notice)
Shareholders are referred to the provisional consolidated audited results for the year ended 30 September 2017, released on SENS on 22 November 2017, in which shareholders were advised that the board of directors of Arrowhead (?the Board?) was considering amending the company?s dividend policy. Shareholders are advised that the Board has resolved to change the frequency of dividend declarations and payments from quarterly for the three months ended 30 September, 31 December, 31 March and 30 June of each year, to biannual dividends for the six months ended 31 March and 30 September of each year, with immediate effect. The Board believes it to be in the best interest of shareholders to align the dividend payments with that of other South African listed REITS.
09-Jan-2018
(Official Notice)
Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the company?s website, www.arrowheadproperties.co.za.

22-Dec-2017
(Official Notice)
Shareholders are advised that Arrowhead?s integrated annual report, incorporating the audited annual financial statements for the year ended 30 September 2017, has been dispatched to shareholders and is available with immediate effect on the company?s website, www.arrowheadproperties.co.za. The annual financial statements contain no changes to the provisional consolidated audited results, released on SENS on 22 November 2017.



The integrated annual report contains a notice of annual general meeting which will be held at 12h00 on Monday, 29 January 2018 at 3rd Floor, 1 Sturdee Avenue, Rosebank, Johannesburg.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 16 January 2018 and the record date for voting purposes is Friday, 19 January 2018.



Shareholders are advised that the company?s B-BBEE annual compliance report for the year ended 30 September 2017 (?the report?), in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, is currently being verified and a further announcement in respect of the publication of the report will be released in due course.

22-Nov-2017
(C)
23-Aug-2017
(Official Notice)
04-Jul-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS by Indluplace Properties Ltd. (?Indluplace?) on 20 June 2017 (?Indluplace announcement?), where it was advised that Indluplace had concluded agreements with multiple vendors, to in effect acquire three residential property portfolios comprising approximately 2 900 residential units, for an effective transaction consideration of approximately R1.4 billion (?the transactions?).



In terms of the JSE Listings Requirements, the transactions are a Category 2 transaction for Arrowhead as Indluplace is a subsidiary of the company. Accordingly, the transactions do not require approval by Arrowhead shareholders. Shareholders should note the content of the Indluplace announcement for the Category 2 disclosure requirements.



24-May-2017
(C)
Total revenue for the interim period jumped to R1.1 billion (R772.1 million) whilst net operating profit grew to R674.5 million (R486.1 million). Profit for the period attributable to equity shareholders shot up to R709.9 million (R277.5 million). In addition, headline earnings per share increased to 68.70 cents per share (61.52 cents per share).



Dividend

The board of directors has approved a gross dividend (dividend number 22) of 21.83000 cents per share for the quarter ended 31 March 2017.



Company prospects

South Africa has experienced a protracted term of political uncertainty which has negatively impacted economic prospects and GDP growth. Over the course of the last 18 months we have seen the effects of the higher cost of equity, cost of debt and a deterioration in the general economic sentiment. This has had the effect of impacting on the ability to fill vacant space, renew leases and has heightened competition between property owners for the existing pool of tenants.



The economic conditions have also impacted on the ability to implement acquisitions due to a misalignment of pricing expectation between vendors and purchasers. In the current year we have seen the gap between vendors and purchasers narrowing and funding costs moving in the right direction. This has resulted in a potential acquisition pipeline particularly in Indluplace and Gemgrow.



We have nonetheless been able to achieve a satisfactory performance from the portfolio. The company is on track to meet its dividend forecast for the year ending 30 September 2017.
08-May-2017
(Official Notice)
Shareholders are advised that Riaz Kader has been appointed as executive director to the board of directors (?the board?) and as chief operating officer of Arrowhead, with effect from 8 May 2017.





24-Feb-2017
(Official Notice)
Shareholders are referred to the Arrowhead dividend declaration announcement published on SENS on 22 February 2017, wherein shareholders were advised of a cash dividend (dividend number 21) of 21.41000 cents per ordinary share for the quarter ended 31 December 2016.



Following the Budget Speech delivered by the Minister of Finance, Pravin Gordhan, on 22 February 2017 wherein the dividends withholding tax rate was increased from 15% to 20%, the increased dividends withholding tax of 20% applies in respect of any dividend paid on or after 22 February 2017.



Non-resident shareholders are accordingly advised that the net dividend amount due to non-resident shareholders, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (?DTA?) between South Africa and the country of residence of the shareholder, is 17.12800 cents per ordinary share and not 18.19850 cents per ordinary share as previously disclosed. The tax position in respect of the dividend received by or accrued to South African tax residents remains unchanged.



The salient dates and times and other information provided in respect of the dividend declaration announced on 22 February 2017 remain unchanged.



22-Feb-2017
(Official Notice)
The board of directors has approved and notice is hereby given of a gross cash dividend (dividend number 21) of 21.41000 cents per ordinary share for the quarter ended 31 December 2016, in accordance with the salient dates set out below:

* Last date to trade cum dividend : Tuesday, 14 March

* Shares trade ex dividend : Wednesday, 15 March

* Record date : Friday, 17 March

* Payment date : Monday, 20 March



Share certificates may not be dematerialised or rematerialised between Wednesday, 15 March 2017 and Friday, 17 March 2017. Payment of the dividend will be made to shareholders on Monday, 20 March 2017. In respect of dematerialised shares, the dividend will be transferred to the CSDP accounts/broker accounts on Monday, 20 March 2017. Certificated shareholders? dividend payments will be deposited on or about Monday, 20 March 2017.
25-Jan-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 25 January 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 16 November 2016), all of the resolutions tabled thereat (other than ordinary resolution 1.1, re-electing G. Leissner as a director, and special resolution number 5, extending the repayment of a loan advanced to G. Leissner, which were withdrawn at the annual general meeting, due to his passing) were passed by the requisite majority of Arrowhead shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Arrowhead shares that could have been voted at the annual general meeting: 1 037 915 775; and

*total number of Arrowhead shares that were present/represented at the annual general meeting: 741 880 128 being 71.48% of the total number of Arrowhead shares that could have been voted at the annual general meeting.





16-Jan-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 19 December 2016 and are advised that, following the passing away of Arrowhead?s founding CEO, Gerald Leissner, Mark Kaplan, who has served as the Company?s Chief Operating Officer since listing, has been appointed as the Chief Executive Officer of the Company with immediate effect.
19-Dec-2016
(Official Notice)
The board of Arrowhead announced with great sadness that one of its founders and chief executive officer, Gerald Leissner, passed away on Friday, 16 December 2016.



Whilst the company will miss Gerald?s contribution it has a strong executive management team in place supported by an experienced and capable board of directors which ensures that the company remains well positioned to continue to perform as strongly as it has since its inception.



The board of directors will meet in January 2017 to consider the position of CEO.
16-Nov-2016
(C)
28-Oct-2016
(Official Notice)
29-Aug-2016
(Official Notice)
17-Aug-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 8 July 2016, regarding the submission of an ordinary resolution for consideration by written consent of shareholders in terms of section 60 of the Companies Act, 71 of 2008 (?the Act?) placing 102 589 379 of the authorised but unissued shares of the company (the ?section 60 shares?), being 10% of the issued share capital of the company as at the date of the notice of the proposed resolution, under the control of the directors.



Shareholders are advised that the ordinary resolution has been approved and adopted by the company in terms of section 60(2) of the Act.



The section 60 shares shall only be allotted, issued or disposed of:

- to fund acquisition issues and/or vendor consideration placings as defined in the Listings Requirements of the JSE Ltd. (the ?JSE?);

- at a maximum discount of 7% to the weighted average traded price on the JSE of those shares over the 10 business days prior to the date that the issue is agreed between the company and the party to which such shares are to be issued adjusted for a dividend where the ?ex? date of the dividend occurs during the 10 business day period in question;

- on or before the next Arrowhead annual general meeting which is expected to be held in or about February 2017.



The company will deliver a statement in accordance with section 60(4) of the Act to shareholders recorded in the company register as at the record date.
16-Aug-2016
(Official Notice)
The board of directors has approved and notice is hereby given of a gross cash dividend (dividend number 19) of 20.87500 cents per ordinary share for the quarter ended 30 June 2016, in accordance with the salient dates set out below:

*Last date to trade cum dividend Tuesday, 30 August 2016

*Shares trade ex dividend Wednesday, 31 August 2016

*Record date Friday, 2 September 2016

*Payment date Monday, 5 September 2016



Share certificates may not be dematerialised or rematerialised between Wednesday, 31 August 2016 and Friday, 2 September 2016, both days inclusive. Payment of the dividend will be made to shareholders on Monday, 5 September 2016. In respect of dematerialised shares, the dividend will be transferred to the CSDP accounts/broker accounts on Monday, 5 September 2016. Certificated shareholders? dividend payments will be deposited on or about Monday, 5 September 2016.

25-Jul-2016
(Official Notice)
Shareholders are advised that Arrowhead has addressed a non-binding expression of interest to the board of directors of Emira detailing Arrowhead?s interest, subject to the satisfactory conclusion of a due diligence investigation in respect of Emira?s forecast income for the 12 months ending 30 June 2017, in acquiring all or the majority of the issued share capital of Emira (the ?proposed transaction?).



Although other structures have not been ruled out, Arrowhead?s intention would be to implement the proposed transaction by way of a scheme of arrangement in terms of section 114 of the Companies Act of 2008 (the ?Companies Act?), in terms of which Arrowhead would acquire all of the shares owned by Emira shareholders for a consideration of 1.67 Arrowhead shares for every Emira share acquired (with the Emira shares being acquired, and the Arrowhead shares issued, ex the entitlement to participate in the distributions for the respective income distribution periods ended 30 June 2016).



Arrowhead has engaged with a limited number of key shareholders of Emira, on a confidential basis and with due regard to the provisions of the Takeover Regulations promulgated in terms of the Companies Act Takeover Provisions, in relation to the proposed transaction. Emira shareholders, who collectively hold approximately 22% of the Emira shares, have indicated their support for the transaction, and to this end, either signed letters of support or irrevocable undertakings in relation to the proposed transaction.



The company notes that the board of Emira has not had an opportunity to consider the expression of interest, but Arrowhead hopes to engage with the board in a constructive and co-operative manner with a view to being in a position to make a firm offer in relation to the proposed transaction as soon as possible.
08-Jul-2016
(Official Notice)
Shareholders are advised that the directors of the company have resolved to submit to shareholders for consideration an ordinary resolution placing 102 589 379 of the authorised but unissued shares of the company, being 10% of the issued share capital of the company as at the date of the notice of the proposed resolution, under the control of the directors of the company with the authority to allot and issue and otherwise dispose of all or part thereof in their discretion.



In terms of section 60(1) of the Act, a resolution that could be voted on at a shareholders? meeting may instead be submitted for consideration to the shareholders entitled to exercise voting rights in relation to the resolution, and be voted on in writing by shareholders entitled to exercise voting rights in relation to the resolution, within 20 (twenty) business days after the resolution was submitted to them.



Section 60(2) of the Act provides that a resolution contemplated in section 60(1) of the Act will have been adopted if it is supported by persons entitled to exercise sufficient voting rights for it to have been adopted as an ordinary or a special resolution, as the case may be, at a properly constituted shareholders? meeting, and if adopted, such resolution will have the same effect as if it had been approved by voting at a shareholders? meeting.



A notice, together with the proposed ordinary resolution and a form of written consent, was distributed to shareholders on Friday, 8 July 2016. A copy of the notice, proposed ordinary resolution and form of written consent is available on Arrowhead?s website www.arrowheadproperties.co.za.



The record date for determining which shareholders are entitled to vote on the proposed ordinary resolution in terms of the written consent was Friday, 1 July 2016.
18-May-2016
(C)
Total revenue for the interim period grew to R772.1 million (2015: R592.6 million). Net operating profit increased to R486.1 million (2015: R402.1 million). Total comprehensive income for the period attributable to equity shareholders of Arrowhead was higher at R277.5 million (2015: R198.7 million). Furthermore, headline earnings per Arrowhead ordinary share came in at 61.52 cents per share (no comparative following the suspension of B shares and reclassification of A shares).



Dividend

The board of directors ("Board") has approved a gross dividend (dividend number 18) of 20,76000 cents per share for the quarter ended 31 March 2016.



Prospects

The company previously issued a guidance that for the financial year ending 30 September 2016, it expected a growth in dividends on those declared in its previous financial year, of between 8% and 10%. The company expects to come in at the upper end of its guidance. The projections have not been reviewed or reported on by Grant Thornton.
10-Mar-2016
(Official Notice)
Shareholders are advised that Synergy, Vukile and Arrowhead are in advanced discussions about, and have reached broad consensus on, the terms of a transaction in terms of which:

* Synergy's asset management will be internalised;

* Vukile will acquire all or the bulk of Synergy's retail assets in return for the sale by Vukile to Synergy of the majority of Vukile?s office and industrial assets; and

* Synergy will acquire 100% of the shares in Cumulative Properties Limited, a subsidiary of Arrowhead that will house its portfolio of higher yielding retail, office and industrial properties, in return for the issue of Synergy B shares to Arrowhead,

(the ?potential transaction?).



The potential transaction, if finally concluded and implemented, will result in:

* Synergy becoming the vehicle for the implementation of Arrowhead's strategy of a separately listed high yielding, high growth fund;

* Synergy being staffed by a dedicated management team and benefitting from Arrowhead?s expertise in managing a high yielding, high growth fund comprising the reconstituted portfolio; and

* Vukile becoming a predominantly retail based fund and gaining exposure to the office and industrial sector through its shareholding in Synergy.



The final terms of the potential transaction still need to be negotiated and approved by the boards of the transacting parties and Synergy shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
07-Mar-2016
(Official Notice)
Arrowhead shareholders are advised that the company has acquired an aggregate of 50 562 338 ordinary shares in Rebosis Property Fund Ltd. (?Rebosis?) (the ?Rebosis shares?), equating to 9.76% of the issued share capital of Rebosis, from a number of institutional and other shareholders, in consideration for either cash or the issue of Arrowhead ordinary shares, with the last such acquisition effective on 4 March 2016.



Rebosis is a Real Estate Investment Trust listed on the Main Board of the JSE with a market capitalisation of approximately R5.5 billion and a portfolio comprising a mix of retail and office properties. The Arrowhead board of directors believes that the price at which the company was able to acquire the Rebosis shares represents good value and an opportunity to acquire a stake in high quality assets on a yield enhancing basis.



The Rebosis shares acquired by Arrowhead have a combined value of approximately R547 million and attributable profits of approximately R60 million for the financial year ending 31 August 2016. The acquisition of the Rebosis shares is classified in aggregate as a category 2 transaction in terms of paragraph 9.5(a) of the JSE Listings Requirements and accordingly does not require the approval of Arrowhead shareholders.
17-Feb-2016
(Official Notice)
10-Feb-2016
(Official Notice)
28-Jan-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 18 December 2015 wherein shareholders were advised that Arrowhead had posted a circular, together with notices convening general meetings, to shareholders relating to:

*an amendment of the company?s existing memorandum of incorporation in order to effect the conversion of each ?B? ordinary share into an ?A? ordinary share;

*the reclassification of the ?A? ordinary shares as ordinary shares; and

*the adoption of a new memorandum of incorporation to take account of the change in the company?s capital structure and to reflect the terms applicable to the ordinary shares, (collectively, the ?share capital restructure?).



Shareholders are advised that at the general meetings of Arrowhead shareholders held on Thursday, 28 January 2016, all resolutions required to be passed in order to approve the transactions were passed by the requisite majority of shareholders.



Details of the results of the combined general meeting are as follows:

*total number of Arrowhead shares that could have been voted at the combined general meeting: 936 943 974; and

*total number of Arrowhead shares that were present/represented at the combined general meeting: 502 934 757 (being 53.67821% of the total number of shares that could have been voted at the meeting).



The share capital restructure remains subject to, inter alia, receipt of confirmation by the Companies and Intellectual Properties

Commission that it has accepted and placed on file all relevant documents required to effect the share capital restructure.



A further announcement or announcements will be released regarding the fulfilment and/or waiver of the outstanding conditions precedent to the transactions at the appropriate time/s.

28-Jan-2016
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 27 January 2016 (in terms of the notice of annual general meeting dispatched to shareholders on 2 December 2015), all of the resolutions tabled thereat (including ordinary resolution 4 which was modified as detailed in the announcement released on SENS on 15 January 2016, but excluding ordinary resolution 5, which was withdrawn at the annual general meeting) were passed by the requisite majority of Arrowhead shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Arrowhead A and B shares that could have been voted at the annual general meeting: 937 464 536; and

*total number of Arrowhead A and B shares that were present/represented at the annual general meeting: 530 043 218 being 57% of the total number of Arrowhead A and B shares that could have been voted at the annual general meeting.





15-Jan-2016
(Official Notice)
Shareholders are referred to the notice of annual general meeting (which meeting will be held at the offices of Arrowhead, 2nd floor, 18 Melrose Boulevard, Melrose Arch, Johannesburg on Wednesday, 27 January 2016 at 10h00 (the ?annual general meeting?)) contained in the company?s integrated annual report dispatched to shareholders on Wednesday, 2 December 2015 (the ?notice?) and are advised that in respect of and in order to correct an omission in ordinary resolution 4 set out in the notice, placing the authorised but unissued shares of the company under the control of the board of directors of the company, the company proposes modifying ordinary resolution 4 at the annual general meeting, to limit the number of shares which may be allotted, issued or disposed of under ordinary resolution 4 to 10% of the company?s issued share capital at the date of the notice, being 46 873 226 Arrowhead A shares and 46 873 226 Arrowhead B shares. An amended notice of annual general meeting containing the proposed modification can be found on the company?s website, www.arrowheadproperties.co.za.
18-Dec-2015
(Official Notice)
02-Dec-2015
(Official Notice)
Shareholders are advised that Arrowhead?s integrated annual report, including the audited financial statements for the financial year ended 30 September 2015, was dispatched to shareholders on Wednesday, 2 December 2015 and is available on the company?s website, www.arrowheadproperties.co.za and contains no changes to the abridged consolidated audited results for the year ended 30 September 2015, released on SENS on 18 November 2015.



The integrated annual report contains a notice of annual general meeting which meeting will be held at the offices of Arrowhead, 2nd Floor, 18 Melrose Boulevard, Melrose Arch, Johannesburg on Wednesday, 27 January 2016 at 10h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 15 January 2016 and the record date for voting purposes is Friday, 22 January 2016.



25-Nov-2015
(Official Notice)
Shareholders are advised that Arrowhead has closed its book build announced on 25 November 2015. In light of strong demand, Arrowhead increased the amount of capital to be raised from R200 million to R250 million through the placing of 13 297 872 new A shares at a price of R9.40 per A share and placing 13 297 872 new B shares at a price of R9.40 per B share (collectively, the ?new Arrowhead shares?) equating to a discount of approximately 2.5% to the closing spot price on 24 November 2015.



Subject to approval by the JSE, listing and trading of the new Arrowhead shares is expected to commence at 09:00 on Wednesday, 2 December 2015.
25-Nov-2015
(Official Notice)
Subject to pricing acceptable to Arrowhead, the company proposes an equity raise of approximately R200 million (the ?equity raise?) through the issue of new Arrowhead A and B shares (?new shares?). The equity raise will be implemented through an accelerated book build process (the ?book build?). The book build is now open and the company reserves the right to close it at any time hereafter. Applications are subject to a minimum subscription application of R1 million per applicant.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing shares. Pricing and allocations will be announced as soon as practicable following the closing of the book build. Arrowhead reserves the right to increase the size of the equity raise subject to demand. Java Capital is acting as sole bookrunner.
18-Nov-2015
(C)
Total revenue for the year rose to R1.3 billion (2014: R804 million). Profit from operations increased to R1.5 billion (2014: R804 million). Equity attributable to shareholders soared to R945 million (2014: R328 million). Furthermore headline earnings per A-linked unit dropped to 58.3cps (2014: 85.26cps).



Distributions for the quarter ended 30 September 2015

The board of directors ("Board") has approved distribution number 16 of 19,00000 cents per A share and 19.00000 cents per B share for the quarter ended 30 September 2015.



Prospects

During the 2016 financial year the company intends to transfer 101 properties valued at R1,9 billion to a separate subsidiary. It proposes to list the subsidiary on the JSE in or about March 2016. After this transaction, Arrowhead (excluding its subsidiaries) will own 56 properties (562 993m(2)) valued at R5,5 billion with a vacancy of 5,0% at an average property value of R97 million. The average length of leases will be just under 4 years and 9% will be let to Government. The new company will have its own dedicated and incentivised management team who will focus on growing the portfolio in the company on an accretive basis with properties valued at under R50 million per property which Arrowhead is no longer acquiring and in which market there are significant opportunities.

07-Oct-2015
(Official Notice)
As shareholders are aware, Arrowhead currently has two classes of ordinary shares, Arrowhead A ordinary shares ("Arrowhead A shares") and Arrowhead B ordinary shares ("Arrowhead B shares"). The Arrowhead A shares receive either 15 cents per quarter (60 cents per annum) or 50% of the total distributed income per combined Arrowhead A share and Arrowhead B share, whichever is higher. The Arrowhead Memorandum of Incorporation provides that, when the distribution per Arrowhead A share in respect of each income period for four consecutive income periods exceeds 30 cents, then the Arrowhead B shares automatically convert into Arrowhead A shares, creating a single class of Arrowhead security. Arrowhead A shares and Arrowhead B shares have received the same distribution since the first quarter of the 2014 financial year (when the quarterly distribution per Arrowhead A share exceeded 15 cents for the first time) and there is now no meaningful difference between the economic participation of the Arrowhead A shares and the Arrowhead B shares.



In the circumstances, the Arrowhead executives believe that there is merit in accelerating the creation of a single class of Arrowhead security, in order to simplify the structure and improve liquidity. The company has instructed its advisors to begin working on the potential conversion to a single class of Arrowhead security and further announcements in this regard will be made in due course.
02-Oct-2015
(Official Notice)
07-Aug-2015
(Official Notice)
15-Jul-2015
(Official Notice)
Arrowhead?s listed subsidiary Indluplace Properties Ltd. reaches settlement with Monash South Africa



As reported in the Indluplace Prospectus issued on 3 June 2015, Indluplace and MSA were involved in a legal dispute regarding the lease agreement with MSA in respect of Indluplace?s Honey Park property portfolio consisting of 333 two-bedroom units in three complexes.



MSA and Indluplace had in the interim agreed to restore Indluplace to vacant possession of one of the three complexes, namely Ironwood. Indluplace has already begun re-letting Ironwood and demand for the units is strong with about 30% of the 97 units in the complex already let.



The parties have now agreed to settle their dispute. The settlement has been made without any admission of liability by either party and in full and final settlement of all claims between them, including the withdrawal of the litigation, on the following material terms:

*MSA shall pay R10 750 000 in respect of all historic and future rental payable by MSA to Indluplace in consideration for remaining in occupation of the remaining two properties, namely Redwood and Rosewood, until 30 November 2015.

*MSA shall restore vacant occupation of the Rosewood and Redwood properties to Indluplace on 30 November 2015 whereupon Indluplace will immediately commence re-letting these properties.
03-Jul-2015
(Official Notice)
30-Jun-2015
(Official Notice)
Linked unitholders are referred to the Arrowhead announcement released on SENS on 5 June 2015 advising that Arrowhead had concluded an agreement with Connaught Properties (Pty) Ltd. (?Connaught?), in terms of which Connaught had agreed to sell a R420 million residential property portfolio (?the Connaught portfolio?) to either Indluplace or, if Indluplace did not agree to become bound as purchaser under the agreement by 30 June 2015, to Arrowhead. Linked unitholders are referred to the announcement released by Indluplace on SENS today and are advised that Indluplace has agreed to be bound as purchaser under the agreement.
19-Jun-2015
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 30 April 2015 wherein the salient dates and times in respect of:

* the conversion of the company?s current ?A? linked capital structure to an ?A? ordinary share structure by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 (the ?Companies Act?), which scheme is being proposed by the company between the company, its ?A? debenture holders, and those shareholders who hold ordinary shares linked to ?A? debentures;

* the conversion of the company?s current ?B? linked capital structure to a ?B? ordinary share structure by way of a scheme of arrangement in terms of section 114 of the Companies Act, which scheme is being proposed by the company between the company, its ?B? debenture holders, and those shareholders who hold ordinary shares linked to ?B? debentures;

* the cancellation of all authorised but unissued ordinary shares of the company; and

* the creation of two new classes of shares, being ?A? and ?B? ordinary shares, and the adoption of a new Memorandum of Incorporation, (collectively the ?transactions?), were announced.



The requisite special resolutions in respect of the transactions have been filed with the Companies and Intellectual Property Commission (?CIPC?) for registration. However, due to backlogs at the CIPC, registration of the special resolutions has been delayed and the salient dates for the transactions will therefore need to be revised. The revised salient dates will be announced in due course, once the special resolutions in respect of the transactions have been registered with the CIPC.
18-Jun-2015
(Official Notice)
Linked unitholders are advised that, with effect from 19 June 2015, Taffy Adler has stepped down as chairman of the board of directors of Arrowhead (the ?board?), but will remain on the board as an independent non- executive director. Independent non-executive director Matthew Nell will replace Taffy Adler as chairman of the board.
11-Jun-2015
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 13 May 2015 wherein they were advised that Arrowhead has posted a circular to linked unitholders relating to:

* the issue of 15 500 000 Arrowhead A linked units and 15 500 000 Arrowhead B linked units to the Arrowhead Charitable Trust in terms of a specific issue of shares for cash;

* the granting by Arrowhead of a loan to the Arrowhead Charitable Trust to fund the subscription of such Arrowhead linked units; and

* the adoption of the Arrowhead Unit Purchase and Option Scheme,

(collectively, the ?transactions?), and containing a notice convening a general meeting of Arrowhead shareholders.



Linked unitholders are advised that at the general meeting of shareholders held on Thursday, 11 June 2015, all resolutions required to be passed by Arrowhead shareholders in order to approve the transactions were passed by the requisite majority of shareholders.
05-Jun-2015
(Official Notice)
29-May-2015
(Official Notice)
25-May-2015
(Official Notice)
As previously communicated, Arrowhead?s wholly owned subsidiary Arrowhead Residential Limited, which owns a portfolio of residential properties, is in the process of seeking a listing on the Main Board of the JSE as a stand-alone Residential REIT (?the listing?).



Arrowhead Residential Ltd. has been renamed Indluplace Properties Ltd. (?Indluplace?) and the process to listing is at an advanced stage, with the listing expected to take place by the end of June 2015.



Indluplace will undertake a private placement prior to the listing and in this regard, the Indluplace executives are embarking on an investor roadshow commencing Tuesday, 26 May 2015.



The Indluplace investor presentation is available on Arrowhead?s website www.arrowheadproperties.co.za.
13-May-2015
(Official Notice)
12-May-2015
(Media Comment)
Business Day reported that Arrowhead Properties grew its distributions 19.03% in the six months to March compared with the same period last year, following aggressive acquisition growth. Chief financial officer Imraan Suleman said the diversified real estate investment trust was on track to achieve total distribution growth of nearly 12% for the year, outperforming the listed property sector. It was also on track to list its fast-growing residential portfolio separately in about six weeks. Chief operating officer Mark Kaplan said he was particularly impressed with how the group's core portfolio had performed.
11-May-2015
(C)
Total revenue for the interim period rose to R592.6 million (R295.7 million). Net operating profit increased to R402.1 million (R191.3 million). Total comprehensive income for the year attributable to equity holders shot up to R198.7 million (R24 million). Headline earnings per A linked unit came in at 58.88cplu (35.03cplu).



Distribution

The board of directors has approved and notice is hereby given of distributions (distribution number: 14) of 18,700 cents per A linked unit and 18,700 cents per B linked unit for the period ended 31 March 2015



Prospects

The distribution for the six months ended 31 March 2015 is 19,03% higher than the comparable six months ended 31 March 2014. Based on the acquisitions concluded to date and the performance of the existing portfolio, management expects to achieve a distribution per combined A and B linked unit for the year ended 30 September 2015 of R1,49 i.e. 11,82% growth on the distribution to 30 September 2014.
30-Apr-2015
(Official Notice)
18-Feb-2015
(Official Notice)
Linked unitholders are advised that Arrowhead has closed its bookbuild announced on 18 February 2015. In light of strong demand, Arrowhead increased the amount of capital to be raised from R500 million to R600 million placing 31 914 894 new A linked units at a price of R9.40 per A linked unit and placing 31 914 894 new B linked units at a price of R9.40 per B linked unit (collectively, the ?new Arrowhead linked units?) equating to a discount of just under 2% to the closing spot price on 17 February 2015. Subject to approval by the JSE, listing and trading of the new Arrowhead linked units is expected to commence at 09:00 on Thursday, 26 February 2015.
18-Feb-2015
(Official Notice)
Subject to pricing acceptable to Arrowhead, Arrowhead proposes an equity raise of approximately R500 million (the ?equity raise?) through the issue of new Arrowhead A and B linked units (?new linked units?) in terms of a vendor consideration placing to fund acquisitions.



The equity raise will be implemented through an accelerated book build process (the ?book build?). The book build is now open and the company reserves the right to close it at any time hereafter. Applications are subject to a minimum subscription application of R1 million per applicant.



The new linked units, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing linked units. Pricing and allocations will be announced as soon as practicable following the closing of the book build.



Arrowhead reserves the right to increase the size of the equity raise subject to demand.



Java Capital is acting as sole bookrunner.
10-Feb-2015
(Official Notice)
03-Feb-2015
(Official Notice)
Linked unitholders are advised that at the annual general meeting of linked unitholders held on Tuesday, 3 February 2015 (in terms of the notice dispatched on 20 November 2014) all the resolutions tabled thereat were passed by the requisite majority of Arrowhead linked unitholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Arrowhead A and B linked units in issue as at the date of the annual general meeting: 772 928 640

*total number of Arrowhead A and B linked units that could have been voted at the annual general meeting (excluding the treasury shares): 772 928 640

*total number of Arrowhead A and B linked units that were present/represented at the annual general meeting: 473 258 298 being 61.22924% of the total number of Arrowhead A linked and B units that could have been voted at the annual general meeting

27-Nov-2014
(Official Notice)
20-Nov-2014
(Official Notice)
Linked unitholders are advised that Arrowhead's integrated annual report, including the audited financial statements for the financial year ended 30 September 2014, was dispatched to linked unitholders on 20 November 2014 and is available on the company's website, www.arrowheadproperties.co.za and contains no changes to the condensed consolidated reviewed results for the year ended 30 September 2014, released on SENS on 10 November 2014.



The integrated annual report contains a notice of annual general meeting which will be held at the offices of Arrowhead, 2nd Floor, 18 Melrose Boulevard, Melrose Arch, Johannesburg on Tuesday, 3 February 2015 at 10:00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 16 January 2015 and the record date for voting purposes is Friday, 23 January 2015.

11-Nov-2014
(Official Notice)
Linked unitholders are referred to the condensed consolidated reviewed results for the year ended 30 September 2014, released on SENS on Monday, 10 November 2014 and are advised that the following information was incorrectly stated:



Reviewed 30 September 2014 and 30 September 2013 (Group)

*Basic and diluted earnings per A-linked unit (cents) -- 1.26; 1.31

*Basic and diluted earnings per B-linked unit (cents) -- 1.26; 1.23



The correct information is set out below:

*Basic and diluted earnings per A-linked unit (cents) -- 126.07; 131.05

*Basic and diluted earnings per B-linked unit (cents) -- 126.07; 123.97
10-Nov-2014
(C)
Total revenue for the year jumped to R803.8 million (R443.7 million). Profit from operations shot up to R804.0 million (R433.4 million). Profit attributable to equity holders increased to R327.8 million (R310.6 million). Furthermore, headline earnings per A-linked unit grew to 85.25 cents per linked unit (68.35 cents per linked unit).



Payment of distributions for the quarter ended 30 September 2014

The board of directors has approved and notice is hereby given of distributions (distribution number 12) of 18.21500 cents per A linked unit and 18.21500 cents per B linked unit for the quarter ended 30 September 2014 in accordance with the abbreviated timetable set out below:
29-Oct-2014
(Media Comment)
Business Day reported that Arrowhead intends to list the first purely residential-focused real estate investment trust (Reit) as it looks forward to catering to pent-up demand for specialised property funds. the company managed to build up a residential portfolio worth R550 million over the past year. Mark Kaplan, chief operating officer of Arrowhead said that once the portfolio was large enough, the company would list Arrowhead Residential as a separate Reit.
30-Sep-2014
(Official Notice)
Linked unitholders are advised that at the general meeting of linked unitholders held on Tuesday, 30 September 2014 (general meeting) (in terms of the notice of general meeting posted to linked unitholders on 29 August 2014) the resolutions required to be passed by linked unitholders to approve the extension of the loans granted to Gerald Leissner, Mark Kaplan and Imraan Suleman, were passed by the requisite majority of Arrowhead linked unitholders. Gerald Leissner, Mark Kaplan and Imraan Suleman did not vote on the resolutions.
29-Aug-2014
(Official Notice)
14-Aug-2014
(Official Notice)
Linked unitholders are referred to the announcement released on 19 March 2014 wherein Arrowhead announced the acquisition of 22% of the B linked units in Dipula Income Fund Limited ("Dipula").



Linked unitholders are advised that Arrowhead has concluded a transaction to acquire a further 3 710 007 B linked units in Dipula which acquisition will be settled by the issue of 1 706 604 A linked units ("AWA") and 1 706 604 B linked units ("AWB"), being a swop ratio of 0.46 AWA units and 0.46 AWB units for each Dipula B linked unit. On acquisition of the additional Dipula B linked units, Arrowhead will hold 24.51% of Dipula?s B linked units.
11-Aug-2014
(Official Notice)
Linked unitholders are referred to the recent announcements released by the ABIL Group. Arrowhead would like to reassure linked unitholders that Arrowhead's exposure to ABIL is insignificant. Of Arrowhead's approximately R62 million in monthly rental income, only R840 000 of that is attributable to the ABIL Group. Furthermore, the properties which are potentially impacted are all situated in nodes that management believe are easily re-lettable.
11-Aug-2014
(Official Notice)
The board of directors has approved and notice was given of cash interest distributions (distribution number 11) of 17.115 cents per A-linked unit and 17.115 cents per B-linked unit for the quarter ended 30 June 2014, growth of 19.93% on the same quarter of 2013, in accordance with the salient dates set out below:

* Last date to trade cum distribution : Friday, 29 August

* Linked units trade ex distribution : Monday, 1 September

* Record date : Friday, 5 September

* Payment date : Monday, 8 September



Linked unit certificates may not be dematerialised or rematerialised between Monday, 1 September 2014 and Friday, 5 September 2014, both days inclusive.
16-Jul-2014
(Official Notice)
02-Jul-2014
(Official Notice)
04-Jun-2014
(Official Notice)
Linked unitholders are advised that following the acquisition of the business of Probity Business Services (Pty) Ltd. by Computershare Investor Services (Pty) Ltd. ("Computershare"), CIS Company Secretaries (Pty) Ltd., a subsidiary of Computershare, has been appointed as the company secretary of Arrowhead with effect from 4 June 2014.
02-Jun-2014
(Official Notice)
02-Jun-2014
(Official Notice)
12-May-2014
(C)
Total revenue for the interim period rose to R295.7 million (R203.6 million). Net operating profit increased to R191.3 million (R130.2 million). Total comprehensive income for the year attributable to equity holders R51.7 million (R20.4 million).



Distribution

The board has approved the interest distributions (distribution number 10) of 16.19 cents per A-linked unit and 16.19 cents per B-linked unit for the quarter ended 31 March 2014.



Prospects

The distribution for the six months ended 31 March 2014 is 13,49% higher than the comparable six months ended 31 March 2013. Based on the acquisitions concluded to date and the performance of the existing portfolio, management expects to achieve a distribution per combined A and B linked unit for the year ended 30 September 2014 of R1.32 namely 16,8% growth on the distribution to 30 September 2013.
04-Apr-2014
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 19 March 2014 in respect of the acquisition by Arrowhead of 34 543 497 Dipula B linked units from Investec Asset Management in return for 18 826 206 Arrowhead A and B-linked units (the acquisition).



Pro forma financial effects of the acquisition

The unaudited pro forma financial effects of the acquisition are the responsibility of the directors of Arrowhead and have not been reviewed or reported on by the company?s auditors. Given the rights to distribution attaching to the A-linked unit?s, the acquisition will have no impact on the distributable earnings per A-linked unit. The effect of the acquisition on Arrowhead?s net asset and net tangible asset value per A and B-linked unit, basic and diluted earnings per A-linked unit, headline and diluted headline earnings per A and B-linked unit and distribution per B-linked unit are not significant (less than 3%) and therefore have not been disclosed.



Withdrawal of cautionary

Arrowhead linked unitholders are advised that following the release of the pro forma financial effects of the acquisition, caution is no longer required to be exercised by linked unitholders when dealing in their Arrowhead linked units in respect of the acquisition.

01-Apr-2014
(Official Notice)
Arrowhead linked unitholders are referred to the unrelated cautionary announcement released on 19 March 2014 and advised that they should continue to exercise caution when dealing in their Arrowhead linked units until such time as a further announcement is made.
01-Apr-2014
(Official Notice)
Arrowhead linked unitholders are referred to:

* the SENS announcement dated 5 December 2013 in relation to Arrowhead's acquisition of 31.7% of the Vividend linked units in issue from Coronation Fund Managers (the "Coronation acquisition");

* the SENS announcement dated 24 February 2014, in relation to Arrowhead?s acquisition of the equity in Vividend Management Group (Pty) Ltd. ("the Manco acquisition"), the external asset manager of Vividend; and

* the joint Arrowhead and Vividend announcement released on SENS today (the "Firm Intention Announcement") relating to Arrowhead?s firm intention to make an offer to acquire all the issued linked units in Vividend ("Vividend Linked Units"), which it does not already hold (the "Offer") by means of one or more indivisibly linked schemes of arrangement in terms of section 114 of the Companies Act 71 of 2008, as amended, or if the conditions to which the Scheme is subject are not fulfilled, or where applicable waived, (as described more fully below), by means of a voluntary general offer extended to all Vividend linked unitholders.



The Coronation acquisition, the Manco acquisition and the Offer are collectively referred to in this announcement as the "Vividend acquisition". The Vividend acquisition constitutes a category 1 transaction under the JSE Listings Requirements and, as set out in the Firm Intention Announcement, the Offer is (amongst other conditions) subject to the requisite approval of Arrowhead linked unitholders. A circular in relation to the Vividend acquisition (including details of the Vividend acquisition) is being prepared and will be sent to Arrowhead linked unitholders in due course.
01-Apr-2014
(Official Notice)
19-Mar-2014
(Official Notice)
The financial effects of the acquisition are still in the process of being finalised and Arrowhead linked unitholders are advised to exercise caution when dealing in their linked units until they have been announced.
19-Mar-2014
(Official Notice)
AWB AWA 201403190013A

Acquisition of 22% of the B linked units in Dipula Income Fund Limited ("Dipula") and cautionary announcement



ARROWHEAD PROPERTIES LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 2011/000308/06)

JSE share code: AWA ISIN: ZAE000158101

JSE share code: AWB ISIN: ZAE000158119

(Approved as a REIT by the JSE)

(?Arrowhead?)



ACQUISITION OF 22% OF THE B LINKED UNITS IN DIPULA INCOME FUND LIMITED (?DIPULA?) AND CAUTIONARY ANNOUNCEMENT



Arrowhead has concluded an agreement to acquire 34 543 497 Dipula B linked units (comprising 22% of

Dipula?s B linked units) from Investec Asset Management (the ?acquisition?). The acquisition is unconditional

and the purchase price will be discharged by the allotment and issue of 18 826 206 Arrowhead A and 18 826

206 Arrowhead B linked units to Investec Asset Management on or about 27 March 2014.



The transaction is in line with Arrowhead?s strategy of only making distribution enhancing acquisitions and

provides Arrowhead with a strategic stake in, and indirect exposure to, Dipula?s R3.75 billion portfolio of

commercial and retail properties that Arrowhead considers complementary to its own portfolio.



The acquisition is a category 2 transaction in terms of the JSE Listings Requirements. The financial effects of

the acquisition are still in the process of being finalised and Arrowhead linked unitholders are advised to

exercise caution when dealing in their linked units until they have been announced.





19 March 2014





Sponsor

Java Capital



Date: 19/03/2014 11:18:00 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.
19-Mar-2014
(Official Notice)
Arrowhead has concluded an agreement to acquire 34 543 497 Dipula B linked units (comprising 22% of Dipula's B linked units) from Investec Asset Management (the "acquisition"). The acquisition is unconditional and the purchase price will be discharged by the allotment and issue of 18 826 206 Arrowhead A and 18 826 206 Arrowhead B linked units to Investec Asset Management on or about 27 March 2014.



The transaction is in line with Arrowhead's strategy of only making distribution enhancing acquisitions and provides Arrowhead with a strategic stake in, and indirect exposure to, Dipula's R3.75 billion portfolio of commercial and retail properties that Arrowhead considers complementary to its own portfolio.



The acquisition is a category 2 transaction in terms of the JSE Listings Requirements.
07-Mar-2014
(Official Notice)
06-Mar-2014
(Official Notice)
Arrowhead linked unitholders are advised that following the release of the pro forma financial effects of the acquisitions, caution is no longer required to be exercised by linked unitholders when dealing in their Arrowhead units in respect of the acquisitions. However, Arrowhead linked unitholders are referred to the SENS announcement released on 24 February 2014 in respect of a cautionary announcement regarding a potential transaction whereby Arrowhead acquires all of the shares Arrowhead does not already own in Vividend Income Fund Ltd. by way of a scheme of arrangement. Accordingly, linked unitholders are advised to continue to exercise caution when dealing in their Arrowhead units in respect of such potential transaction.
06-Mar-2014
(Official Notice)
04-Mar-2014
(Official Notice)
Linked unitholders are referred to the announcement released on 12 February 2014 wherein the company declared an interest distribution of 15.10 cents per A-linked unit and 15.10 cents per B-linked unit for the quarter ended 31 December 2013 and are advised that due to the risks involved in the mailing of cheques to certificated linked unitholders, the company has elected to pay all future distributions (including the distribution due on 10 March 2014) due to certificated linked unitholders via direct electronic funds transfer only.



Accordingly, no further cheques will be issued and posted to certificated linked unitholders and certificated linked unitholders are required to contact Computershare Investor Services Proprietary Limited (Computershare) on 0861 100 930/933 to provide Computershare with all requisite information including banking details, which banking details, upon verification by Computershare, will be utilised to pay all future distributions due to certificated linked unitholders. Any future distributions due to certificated linked unitholders who ordinarily receive payment by cheque and who have not furnished banking details as required by Computershare will be retained by Computershare until such time as banking details have been provided to and verified by Computershare.



A separate notification will be sent by Computershare to certificated linked unitholders who ordinarily receive payment by cheque advising those certificated linked unitholders of the information required by Computershare to verify the banking details for certificated linked unitholders who ordinarily receive distribution payments by cheque.
24-Feb-2014
(Official Notice)
Arrowhead has advised the Vividend Income Fund Board ("Vividend") board that it would like to engage with the board with regard to a potential scheme of arrangement to acquire the Vividend units that it does not already own. However formal engagements in this regard have not yet begun. Accordingly Arrowhead and Vividend unitholders are advised to exercise caution when trading in their securities until further announcements are made.
24-Feb-2014
(Official Notice)
Arrowhead announced on 6 December 2013 that it had acquired 31.7% of Vividend' Income Fund's ("Vividend") issued units. Arrowhead has now concluded an agreement to acquire all the shares in and claims on loan against Vividend Management Group (Pty) Ltd. ("Vividend Manco") from the existing Vividend Manco shareholders for a purchase price of R88.6 million (the "acquisition"). The effective date of the acquisition is 1 March 2014.



As a result of the change in control of Vividend Manco, Michael Jacobson, Gavin Rabinowitz, Mark Sandak-Lewin and Alan Witt, will resign from the Vividend board with effect from 1 March 2014. Ari Jacobson, Robert Amoils and Bruce Rubenstein have agreed to remain on (as CEO, Financial Director and non-executive director respectively) for a three month period from the effective date.



In addition to the acquisition, Arrowhead has concluded an agreement with Stanlib, in respect of the approximately 60.2 million

Vividend units controlled by Stanlib (representing approximately 22% of Vividend's issued units), in terms of which:

*Stanlib has irrevocably undertaken that, if Arrowhead proposes a scheme of arrangement (the "scheme") in terms of section 114 of the Companies Act, Act 71 of 2008 (the "Act") to acquire all the Vividend units it does not already own for a consideration of not less than 0.374 Arrowhead A and 0.374 Arrowhead B units per Vividend unit, Stanlib will vote in favour of all resolutions necessary to approve the scheme; and

*Stanlib has granted Arrowhead an option (the "option") to require them to accept an offer from Arrowhead to acquire their Vividend units for a consideration of 0.374 Arrowhead A and 0.374 Arrowhead B units per Vividend unit if, for any reason, the scheme is not implemented. As consideration for the option, Arrowhead has paid Stanlib an option premium of R4 461 500.



Arrowhead has advised the Vividend board that it would like to engage with the board with regard to a potential scheme of arrangement to acquire the Vividend units that it does not already own. However formal engagements in this regard have not yet begun. Accordingly Arrowhead and Vividend unitholders are advised to exercise caution when trading in their securities until further announcements are made.
12-Feb-2014
(Official Notice)
23-Jan-2014
(Official Notice)
Although the financial effects of the acquisition have now been published, unitholders are referred to the announcements released on SENS on 9 December 2013 (in respect of the acquisition of a property letting enterprise and its related immovable properties from The Standard Bank of South Africa Ltd.) and on 13 December 2013 (in respect of the acquisition of a property from the Sasol Pension Fund) and are advised that the financial effects of these acquisitions are still in the process of being finalised.



Accordingly, linked unitholders are advised to continue to exercise caution when dealing in their Arrowhead linked units until further announcements are made.
23-Jan-2014
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 6 December 2013 in respect of the acquisition by Arrowhead of a 31.7% stake in Vividend Income Fund Ltd. ("Vividend") ("the acquisition").



Unaudited pro forma financial effects of the acquisition

The table below reflects the unaudited pro forma financial effects of the acquisition on an Arrowhead unitholder holding either an A or B linked unit:

30 September 2013 and Pro forma after Vividend acquisition

*Basic and diluted earnings per A-linked unit -- 145.17; 140.24

*Basic and diluted earnings per B-linked unit -- 138.02; 127.72

*Distribution per B-linked unit -- 53.01; 55.93
23-Jan-2014
(Official Notice)
Arrowhead announced that it has closed its accelerated bookbuild (the "private placement"). In light of the private placement being substantially oversubscribed at a discount of just over 3% to yesterday's closing price, the amount of capital to be raised in terms of the private placement was increased to R490 million.



The private placement was oversubscribed and 36 431 228 new A and B linked units were placed with qualifying investors at a combined price of R13.45 per linked unit.



Subject to approval by the JSE, listing and trading of the new linked units is expected to commence at 09h00 on 31 January 2013.
23-Jan-2014
(Official Notice)
Arrowhead announced the launch of an accelerated offering of new Arrowhead A and B linked units to raise approximately R400 million, subject to pricing acceptable to Arrowhead ("the private placement").



Linked unitholders are referred to the announcement released on SENS on 17 December 2013 in which Arrowhead updated linked unitholders on the details of the R650 million worth of acquisitions that had been concluded by Arrowhead (including the Sasol building and the Monash residences). The proceeds of the private placement will be used to partially fund these property acquisitions.



The private placement will be offered to qualifying investors only through an accelerated book build process. The private placement opens immediately and is expected to close today. Pricing and allocations will be announced as soon as practical following the closing of the book.



Java Capital is acting as sole bookrunner for the private placement.
15-Jan-2014
(Official Notice)
Linked unitholders are advised that, at the annual general meeting of the company convened on Wednesday, 15 January 2014 (in terms of the notice of annual general meeting contained in the company?s integrated annual report issued on Wednesday, 13 November 2013), all of the resolutions tabled thereat, other than ordinary resolution number 7 which was withdrawn prior to the commencement of the annual general meeting, were passed by the requisite majority of Arrowhead linked unitholders.



The board of directors has undertaken to certain linked unitholders that the 20.6 million A-linked and 20.6 million B-linked units placed under their control in terms of ordinary resolution 6 will be issued at a maximum discount of 5% to the weighted average traded price of such linked units over the 30 business days prior to the date on which the issue price is agreed.
17-Dec-2013
(Official Notice)
Shareholders are referred to ordinary resolution 5 of the notice of annual general meeting of Arrowhead shareholders and debenture holders dated 13 November 2013, placing up to 60 million Arrowhead A linked units and 60 million Arrowhead B linked under the control of the directors to be used to pay for and/or fund acquisitions announced between 13 November 2013 and 8 January 2013. In addition to the category 2 acquisitions of the Monash residences and the Sasol building (announced on SENS on 9 December 2013 and 13 December 2013 respectively) Arrowhead has concluded the following acquisitions that are not categorisable for JSE purposes:

*274 Kent Road, Randburg from Razorbill Properties 249 CC, an office building being acquired at a forward yield of 11% for a purchase price of R105 million;

*2 33rd Street, Malvern, Johannesburg from NewShelf 1124 Proprietary Limited, an industrial property being acquired at a forward yield of 11% for a purchase price of R53 236 000;

*corner Drome and Pretoria Roads, Lyndhurst, Johannesburg from Thiaki Investments (Pty) Ltd., a retail property being acquired at a forward yield of 10.5% for a purchase price of R60 million; and

*Erven 69, 70, 80 and 81, Industria from Simgold Investments (Pty) Ltd., an industrial property being acquired at a forward yield of 12% for a purchase price of R34 million.



These additional acquisitions mean that, for the purposes of ordinary resolution 5, 6 acquisitions at an aggregate purchase

price of R652 236 000 have been announced to date.
13-Dec-2013
(Official Notice)
The financial effects of the acquisition are still in the process of being finalised and will be published in due course. Unitholders of Arrowhead are advised to continue to exercise caution when dealing in their linked units until the financial effects of the acquisition are announced.
13-Dec-2013
(Official Notice)
Linked unitholders are advised that Arrowhead has concluded an agreement for the acquisition of the Sasol Building (the "property") situated at 1 Sturdee Avenue, Rosebank (the "acquisition") from Sasol Pension Fund (the "seller") for an aggregate purchase consideration of R250 million (inclusive of VAT at zero percent) (the "purchase price"). The acquisition, at a forward yield of approximately 15% is in line with Arrowhead?s strategy of only making distribution enhancing acquisitions. Unless the lease is extended, Sasol will be vacating the premises at the end of the lease term on 31 December 2016. Arrowhead is satisfied that:

* the premises are well located in good office node that (in the medium and long term) has strong prospects and, as a result, that the (given its size and quality) the building is highly lettable; and

* the high initial yield adequately compensates for the risk of negative reversions at the expiry of the current lease.



Terms of the acquisition and conditions precedent

Arrowhead will acquire the business with effect from the later of 1 February 2014 and the date on which the acquisition becomes unconditional. The total purchase consideration payable by Arrowhead in respect of the acquisition is R250 million, R125 million of which will be paid in cash and the balance of R125 million will be payable by the allotment and issue of 9 259 260 Arrowhead A linked units and 9 259 260 Arrowhead B linked units. The acquisition remains conditional upon Competition approval.
09-Dec-2013
(Official Notice)
The financial effects of the acquisition are still in the process of being finalised and will be published in due course. Unitholders of Arrowhead are advised to continue to exercise caution when dealing in their linked units until the financial effects of the transaction are announced.
09-Dec-2013
(Official Notice)
06-Dec-2013
(Official Notice)
The financial effects of the acquisition are still in the process of being finalised and Arrowhead linked unitholders are advised to exercise caution when dealing in their linked units until they have been announced.
06-Dec-2013
(Official Notice)
Arrowhead has concluded an agreement to acquire 84 966 285 Vividend linked units (31.7% of the Vividend's linked units) from Coronation Fund Managers. The acquisition is unconditional and the purchase price will be discharged by the allotment and issue of 31 777 391 Arrowhead A and 31 777 391 Arrowhead B linked units to Coronation Fund Managers on 13 December 2013.



The transaction is in line with Arrowhead's strategy of only making distribution enhancing acquisitions and provides Arrowhead with a strategic stake in, and indirect exposure to, Vividend's R2 billion portfolio of commercial and retail properties that Arrowhead considers complementary to its own portfolio. The acquisition is a category 2 transaction in terms of the JSE Listing Requirements.
29-Nov-2013
(Official Notice)
Arrowhead linked unitholders are referred to the announcement released on SENS on 30 October 2013, relating to the posting of a circular for the approval of an asset management agreement to be entered into between Arrowhead, Indite Properties (Pty) Ltd., a wholly-owned subsidiary of Arrowhead ("Indite Properties"), and Indite Asset Management Proprietary Limited, as asset manager, in relation to a property portfolio to be acquired and held by Indite Properties pursuant to Arrowhead?s growth and broader Black Economic Empowerment Strategy from time to time, as detailed in the circular. The general meeting was held on Friday, 29 November 2013, and linked unitholders are advised that the resolution proposed thereat was duly passed by the requisite majority of Arrowhead linked unitholders.
15-Nov-2013
(Official Notice)
Linked unitholders are referred to the audited results for the year ended 30 September 2013, released on SENS on 13 November 2013, and are advised that the audit report referred to therein is unqualified and remains available for inspection at Arrowhead's offices at 2nd floor, 18 Melrose Boulevard, Melrose Arch.
13-Nov-2013
(C)
08-Nov-2013
(Official Notice)
Arrowhead linked unitholders are advised that following the release of the financial effects of the acquisition, caution is no longer required to be exercised by linked unitholders when dealing in their securities in the company.
08-Nov-2013
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 16 October 2013 in which it was announced that Arrowhead had concluded an agreement for the acquisition of a residential property portfolio from Jika Properties (Pty) Ltd. (the "vendor") for an aggregate purchase consideration of R406 million (the "acquisition").



The purpose of this announcement is to present the financial effects of the acquisition.



Unaudited pro forma financial effects of the acquisition

The effect of the acquisition on Arrowhead's distribution per A linked unit and B linked unit, earnings per A linked unit and B linked unit, headline earnings per A linked unit and per B linked unit and net asset value per A linked unit and B linked unit is not significant and therefore has not been disclosed.



The financial information relating to the acquisition has been extracted from the vendor's management accounts for the 6 month period to 31 March 2013. The management of Arrowhead is satisfied with the quality of the information contained in these management accounts.
30-Oct-2013
(Official Notice)
Linked unitholders are advised that Arrowhead has posted a circular dated 30 October 2013 (the circular) in respect of the approval by linked unitholders of an asset management agreement proposed to be entered into between Arrowhead, Indite Properties Proprietary Limited, a wholly-owned subsidiary of Arrowhead (Indite Properties), and Indite Asset Management Proprietary Limited, as asset manager, in relation to a property portfolio to be acquired and held by Indite Properties pursuant to Arrowhead's growth and broader Black Economic Empowerment Strategy from time to time (the asset management agreement).



Copies of the circular will be available for inspection during normal business hours at the offices of Arrowhead, 2nd Floor, 18 Melrose Boulevard, Melrose Arch, Johannesburg, 2196, from 30 October 2013 to 29 November 2013. The circular is also available in electronic format at www.arrowheadproperties.co.za. Included in the circular posted today, Wednesday, 30 October 2013, is a notice of general meeting of Arrowhead A linked unitholders and B linked unitholders, which general meeting is to be held at the offices of Arrowhead, 2nd Floor, 18 Melrose Boulevard, Melrose Arch, Johannesburg, 2196 on Friday, 29 November 2013 at 10:00 to consider and, if deemed fit, to pass, with or without modification, the resolution necessary to approve the asset management agreement (the general meeting).



The salient dates and times for the general meeting are set out below.

*Last day to trade in order to be eligible to vote at the general meeting Friday, 15 November 2013

*Record date in order to vote at the general meeting Friday, 22 November 2013

*Forms of proxy to be received by no later than 10:00 on Wednesday, 27 November 2013

*The general meeting of Arrowhead linked unitholders held at 10:00 on Friday, 29 November 2013

*Results of the general meeting released on SENS on Friday, 29 November 2013
16-Oct-2013
(Official Notice)
The financial effects of the acquisition are still in the process of being finalised and will be published in due course. Unitholders of Arrowhead are advised to continue to exercise caution when dealing in their linked units until the financial effects of the transaction are announced.
16-Oct-2013
(Official Notice)
11-Sep-2013
(Official Notice)
Arrowhead linked unitholders are referred to the announcement released on SENS on 13 August 2013, relating to the posting of a notice of general meeting of the company proposing a resolution authorising the placement of such number of authorised but unissued linked units of the company not exceeding an aggregate issue price of R500 million under the control of the directors of the company, as detailed in such notice of general meeting. The general meeting was held on Wednesday, 11 September 2013, and linked unitholders are advised that the resolution proposed was duly passed by the requisite majority of Arrowhead linked unitholders.

30-Aug-2013
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 18 July 2013 in relation to the proposed acquisition of a R500 million residential property portfolio and are advised that Arrowhead is in the process of finalising agreements in relation to the acquisition. Accordingly linked unitholders are advised to continue to exercise caution when dealing in their Arrowhead linked units until further announcements in respect of the residential property portfolio are made.
14-Aug-2013
(Official Notice)
The board of directors of Arrowhead has approved a cash interest distribution (distribution number 7) of 15 cents per A-linked unit and 13.54 cents per B-linked unit for the quarter ended 30 June 2013 in accordance with the salient dates set out below:

*Last day to trade cum distribution: Friday, 30 August 2013

*Linked units trade ex distribution: Monday, 2 September 2013

*Record date: Friday, 6 September 2013

*Payment date: Monday, 9 September 2013



Linked unit certificates may not be dematerialised or rematerialised between Monday, 2 September 2013 and Friday, 6 September 2013, both days inclusive. This interest distribution is not subject to dividends withholding tax.
13-Aug-2013
(Official Notice)
Linked unitholders are advised that the company has today dispatched a notice of general meeting of Arrowhead "A' linked unitholders and Arrowhead "B" linked unitholders ("the notice") which will be held at the offices of Arrowhead, 2nd Floor, 18 Melrose Boulevard, Melrose Arch, Johannesburg on Wednesday, 11 September 2013 at 10:00, for the purpose of authorising the placement of such number of the authorised but unissued linked units of the company not exceeding an aggregate issue price of R500 million under the control of the directors of the company in order to fund the acquisition of property assets, as further set out in the notice.



Linked unitholders are advised that the record date for purposes of receipt of the notice is Wednesday, 31 July 2013 and not Thursday, 8 August 2013 as contained in the notice. Imortant dates to note:

* Record date for receipt of notice purposes: Wednesday, 31 July

* Last day to trade in order to be eligible to vote: Friday, 30 August

* Record date for attendance and/or voting purposes: Friday, 6 September

* Date of general meeting: Wednesday, 11 September.
18-Jul-2013
(Official Notice)
Linked unitholders were advised that Arrowa is in discussions in relation to the acquisition of a R500 million residential property portfolio which is subject to the conclusion of binding agreements.



This is in addition to the R160 million of retail, office and industrial properties which has transferred since 31 March 2013 and approximately R440 million in respect of which Arrowa has concluded or is in the process of concluding binding agreements.



Linked unitholders were advised to exercise caution when dealing in their Arrowa linked units until further announcements in respect of the residential property portfolio are made.
10-Jul-2013
(Official Notice)
Linked unitholders are advised that Arrowhead's application for Real Estate Investment Trust ("REIT") status has been approved by the JSE. Arrowhead has been granted REIT status with effect from the commencement of its next financial year, being 1 October 2013.
08-May-2013
(C)
Total revenue for the interim period ended 31 March 2013 soared to R203.6 million (2012: R114.3 million). Net operating profit shot up to R130.2 million (2012: R76.1 million), while profit for the period attributable to equity holders turned around to R20.4 million (2012: loss of R11.7 million). Furthermore, headline earnings per share for the A linked units grew to 40.82 cents per A linked unit (2012: 25.85 cents per A linked unit).



Distribution

The board has approved cash interest distributions (distribution number 6) of 15.00 cents per A linked unit and 13.04 cents per B linked unit for the quarter ended 31 March 2013



Prospects

Arrowhead is confident that it will meet the distribution guidance communicated at previous year-end per combined A and B linked units for the year ended 30 September 2013 and that it will have implemented an additional R300 million of property acquisitions before the end of year. Currently a further R300 million of potential acquisitions is under due diligence.
24-Apr-2013
(Official Notice)
Arrowhead unitholders were advised that at the general meeting of the company held on Wednesday, 24 April 2013, all the proposed resolutions were duly passed by the requisite majority of Arrowhead unitholders.
26-Mar-2013
(Official Notice)
06-Mar-2013
(Official Notice)
Arrowhead has closed its book build, having raised R250 million. The Arrowhead linked units to be issued pursuant to the book build process have been priced at R14.60 per combined Arrowhead A and B linked unit. The book was heavily oversubscribed at this level.
06-Mar-2013
(Official Notice)
Subject to pricing acceptable to Arrowhead, Arrowhead proposes an equity raise of up to R250 million through the issue of new Arrowhead A and B linked units. The equity raise will be offered to South African institutional investors through an accelerated book build process and the proceeds will be used to fund the acquisition of property in line with Arrowhead's shareholder mandate. The book build opens at 09h00 on 6 March 2013 and may close at any time thereafter. Java Capital (Pt)y Ltd. and The Standard Bank South Africa Ltd. are acting as joint bookrunners.
13-Feb-2013
(Official Notice)
Linked unitholders are advised that the board of directors of Arrowhead has approved, and notice is hereby given of a cash interest distribution (distribution number 5) of 15 cents per A-linked unit and 12.10 cents per B-linked unit for the quarter ended 31 December 2012, payable to holders of the respective linked units as recorded in the books of Arrowhead at the close of business on Friday, 8 March 2013. The salient dates relating to the distribution are set out below:

*Last date to trade cum distribution Friday, 1 March 2013

*Linked units trade ex distribution Monday, 4 March 2013

*Record date Friday, 8 March 2013

*Payment date Monday, 11 March 2013



Linked unit certificates may not be dematerialised or rematerialised between Monday, 4 March 2013 and Friday, 8 March 2013, both days inclusive. This interest distribution is not subject to dividends withholding tax.
30-Jan-2013
(Official Notice)
Arrowhead unitholders were advised that at the annual general meeting of the company held on Wednesday, 30 January 2013, all the proposed resolutions, other than ordinary resolution number 7, relating to the general authority of the company to issue linked units for cash, were duly passed by the requisite majority of Arrowhead unitholders.



In relation to ordinary resolution number six, placing the authorised but unissued linked units under the control of the board of directors, following engagement with certain key unitholders, the board of directors has undertaken that it will not use the authority granted to issue more than 10% of the issued linked units in the company without the prior approval of Arrowhead unitholders.
25-Jan-2013
(Official Notice)
Linked unitholders were advised that Arrowhead has entered into a non-binding memorandum of understanding with Matreal Property Services (Pty) Ltd. ("Matreal") to acquire all of the shares in and shareholder loans against Indite Property Fund Ltd. ("Indite") from Matreal (the "proposed acquisition"). The proposed acquisition forms part of Arrowhead's growth and broader Black Economic Empowerment strategies, aligning the company with the SA Property Charter.



Indite's property portfolio consists of 6 buildings with an aggregate gross lettable area of 17 972 metres squared located in Gauteng, the Free State, Kwa Zulu Natal and the North West Province. Upon the implementation of the proposed acquisition, Arrowhead intends transferring its government tenanted buildings into the Indite portfolio which will be externally managed by a 100% black-owned asset manager, Indite Asset Management (Pty) Ltd. This will enable Indite to enter into longer term leases with Government. A further and full announcement will be released on SENS and published in the press upon the conclusion of binding written agreements in respect of the proposed acquisition.
24-Jan-2013
(Media Comment)
Business Day reported that Arrowhead has concluded an agreement to acquire the 100% black-owned and black-managed Indite Property Fund ("Indite") as part of the group's growth and broader black economic empowerment strategies. The R178 million deal will align Arrowhead with the South African Property Charter and allow the group to enter into longer-term leases with government tenants. Arrowhead COO, Mark Kaplan, commented that if the purchase of Indite was the only acquisition that the property loan stock company made during 2013 "we will be very disappointed" as the "deal flow is incredible."
27-Nov-2012
(Official Notice)
Shareholders are advised that the unqualified audit report in respect of the results for the year ended 30 September 2012, audited by PKF (Jhb) Inc., the company's independent auditors, is available for inspection at the company's offices, 2nd Floor, 18 Melrose Boulevard, Melrose Arch, 2195.
26-Nov-2012
(C)
Arrowhead released its maiden final results for the year ended 30 September 2012. Total revenue came in at R270.2 million. Profit from operations was R149.8 million, while total comprehensive income for the year attributable to equity holders of the parent was R188.5 million. Furthermore, headline earnings per A- linked unit was recorded as 156.87 cents per A-linked unit.



Payment of distributions for the quarter ended 30 September 2012

As announced on SENS on 13 November 2012, the board has approved the interest distributions of 15 cents per A-linked unit and 11.02 cents per B-linked unit for the quarter ended 30 September 2012.



Prospects

It is expected that Arrowhead will achieve total distributions for the 2013 financial year of R1,11 for one A plus one B unit, an increase of 10 cents (10%) on the annualised 2012 distributable income. All the growth will be attributable to the B units whose income will increase by 25% whereas the A unit sees no growth.
23-Nov-2012
(Official Notice)
Shareholders are advised that Arrowhead has on 23 November 2012, posted revised listing particulars to its shareholders, which revised listing particulars have been issued as a result of Arrowhead issuing in excess of 25% of its issued share capital in the 3 month period ended 30 September 2012. An electronic copy of the revised listing particulars is available on the Arrowhead website - www.arrowheadproperties.co.za.
14-Nov-2012
(Official Notice)
The board of directors has approved and notice is hereby given of cash interest distributions (distribution number 4) of 15 cents per A-linked unit and 11.02 cents per B-linked unit for the quarter ended 30 September 2012 in accordance with the salient dates set out below:

*Last date to trade cum distribution -- Friday, 30 November 2012

*Linked units trade ex distribution -- Monday, 3 December 2012

*Record date -- Friday, 7 December 2012

*Payment date -- Monday, 10 December 2012

Linked unit certificates may not be dematerialised or rematerialised between Monday, 3 December 2012 and Friday, 7 December 2012, both days inclusive.



The distributions paid to Arrowhead linked unitholders in respect of the ten months ended 30 September 2012, including the distribution above, amounts to 50 cents per A-linked unit and 33.82 cents per B-linked unit. A total of 83,82 cents per combined A and B linked unit has been paid for the year ended 30 September 2012, translating to 100.58 cents per combined A and B linked unit annualised.



This is 2.2% ahead of forecast distribution of 98.38 cents per A and B linked unit in the prelisting statement dated 30 September 2011. This interest distribution is not subject to dividends withholding tax. An extract of the audited financial statements for the year ended 30 September 2012 will be announced on SENS on or about 26 November 2012. On the same date Arrowheads integrated report for the year ended 30 September 2012 will be posted to unitholders and made accessible on the Arrowhead website: www.arrowheadproperties.co.za
02-Oct-2012
(Official Notice)
Linked unitholders are hereby advised that Arrowhead has pursuant to its general authority issued 8 528 700 Arrowhead A and B linked units for cash (the "issue for cash"). The units were issued on 28 September 2012 at an effective price of R10.60 per combined A and B linked unit (from which the 25 cent distribution per A and B linked unit for the quarter ended 30 June 2012 was deducted). The price of R10.60 represents a discount of 7.1% to the volume weighted average price at which Arrowhead A and B linked units traded for the 30 days prior to 21 May 2012, being the date the pricing of the issue for cash was agreed. In addition, the financial effects relating to the acquisition of a property letting enterprise together with its related immovable properties situated at the corner of Bram Fisher Drive and Bond Street, Ferndale (the "acquisition"), as announced on SENS on 12 September 2012, are set out below.



Pro forma financial effects

Before the issue for cash - after the issue for cash

* Loss and headline loss per share : (13.55) - (12.33)



The table below reflects the unaudited pro forma financial effects of the acquisition on the loss and headline loss per share on an Arrowhead unitholder holding either an A or B linked unit:

Before the issue for cash - after the issue for cash

* Loss and headline loss per share : (13.55) - (12.74)



Vendor placement

Arrowhead has, in the three months preceding 28 September 2012 and in addition to the issue for cash, issued 56 271 508 A and B linked units for an aggregate consideration of approximately R575 million pursuant to vendor consideration placements. As a result of Arrowhead having issued in excess of 25% of its entire issued linked unit capital within a three month period the company is required to publish revised listing particulars. The company is in the process of preparing the necessary revised listing particulars, which will be sent to shareholders within 28 days of the date of this announcement.



Withdrawal of cautionary

Unitholders are advised that following the release of the financial effects of the acquisition, caution is no longer required to be exercised by unitholders when dealing in their securities in the company.
12-Sep-2012
(Official Notice)
Unitholders of Arrowa were advised to exercise caution when dealing in their linked units until the financial effects of the Property Letting Enterprise acquisition are announced.
12-Sep-2012
(Official Notice)
14-Aug-2012
(Official Notice)
Linked unitholders are advised that Selwyn Noik has been appointed as an independent non-executive director to the board and chairman of the audit committee of Arrowa, with effect from 1 September 2012.
08-Aug-2012
(Official Notice)
The board has approved and notice is given of cash interest distributions (distribution number 3) of 15.00 cents per A-linked unit and 10.03 cents per B-linked unit for the quarter ended 30 June 2012 in accordance with the salient dates set out below:

*Last date to trade cum distribution -- Friday, 24 August 2012

*Linked units trade ex distribution -- Monday, 27 August 2012

*Record date -- Friday, 31 August 2012

*Payment date -- Monday, 3 September 2012



Linked unit certificates may not be dematerialised or rematerialised between Monday, 27 August 2012 and Friday, 31 August 2012, both days inclusive.



This interest distribution is not subject to dividends withholding tax.
06-Aug-2012
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 18 June 2012 and published in the press on 19 June 2012 wherein linked unitholders were advised that Arrowa had entered into an agreement with Frutek (Pty) Ltd. to acquire the property letting enterprise and related immovable property situate at 67 Middle Road, Bartlett, Boksburg (the "acquisition agreement"). Linked unitholders are advised that certain of the conditions precedent to which the acquisition agreement was subject were not fulfilled within the period stipulated in the acquisition agreement. The acquisition agreement has accordingly lapsed and is of no further force and effect.
18-Jul-2012
(Official Notice)
Linked unitholders are referred to the following announcements released on SENS in which it was announced that Arrowhead had concluded agreements for the acquisition of the following properties:

* 18 May 2012, acquisition of Midtown Mall, Rustenburg ("Midtown Mall");

* 31 May 2012, acquisition of Sterkspruit Boxer Shopping Centre, Sterkspruit and Tsolo Shopping Centre, Tsolo ("Corovest");

* 18 June 2012, acquisition of 67 Middle Road, Bartlett, Boksburg ("Frutek"); and

* 3 July 2012, acquisition of 106 Booysens Road, Johannesburg ("Dunrose"), (collectively, the "acquisitions").

The purpose of this announcement is to present the financial effects of the acquisitions.



Unaudited pro forma financial effects

The table below reflects the unaudited pro forma financial effect of the acquisitions on earnings and headline earnings per A and B share on an Arrowhead unitholder before - after acquisition:

* Midtown Mall : (13.55) - (11.34)

* Frutek : (13.55) - (12.55)

* Corovest : (13.55) - (12.72)

* Dunrose : (13.55) - (11.99)



The table below reflects the effect of the acquisitions on actual and weighted average linked units in issue:

Actual A and B linked units in issue before - after acquisition:

* Midtown Mall : 87 561 123 - 104 353 576

* Frutek : 87 561 123 - 94 399 681

* Corovest : 87 561 123 - 93 221 500

* Dunrose : 87 561 123 - 98 790 965



Weighted average A and B linked units in issue before - after acquisition:

* Midtown Mall : 86 200 399 - 102 992 852

* Frutek : 86 200 399 - 91 860 776

* Corovest : 86 200 399 - 91 860 776

* Dunrose : 86 200 399 - 97 430 241



The table below reflects the unaudited pro forma financial effect of the acquisition of Midtown Mall on the net asset value and net tangible asset value per A and B linked unit before the after the acquisitions:

* NAV and NTAV per A linked unit : 438 - 452

* NAV and NTAV per B linked unit : 438 - 452



Withdrawal of cautionary

Arrowhead linked unitholders are advised that following the release of the financial effects of the acquisitions, caution is no longer required to be exercised by linked unitholders when dealing in their securities in the company.
05-Jul-2012
(Official Notice)
Arrowa announced the passing away of Leonard Brehm on 4 July 2012. Mr Brehm served as an independent non-executive director of Arrowhead.
03-Jul-2012
(Official Notice)
Unitholders of Arrowhead are advised to exercise caution when dealing in their linked units until the financial effects of the acquisition are announced.
04-Jul-2012
(Official Notice)
Linked unitholders are advised that Arrowhead has concluded an agreement for the acquisition of a property letting enterprise and related immovable property situate at 106 Booysens Road, Johannesburg ('the property') from Dunrose Investments 82 (Pty) Ltd. ('Dunrose') ('the acquisition'). The property is a mixed-use development. The ground floor of the property is used for retail purposes and the balance of the property is used for offices and is single tenanted. The acquisition provides Arrowhead with an opportunity to increase its commercial property portfolio exposure whilst improving the quality, unexpired lease profile and average size per property of the portfolio.



Terms of the acquisition and conditions precedent

The total purchase consideration payable by Arrowhead is R112 298 441 which amount includes VAT levied at a rate of 0% (the 'purchase price'). The purchase price will be discharged in cash on the date on which the property is transferred into Arrowhead's name (the 'transfer date'). Arrowhead will be raising the cash pursuant to a vendor consideration placement of Arrowhead A and B linked units.



The acquisition is conditional on:

* Arrowhead securing finance for the acquisition;

* The shareholders of Dunrose passing a special resolution approving the acquisition; and

* The lessee of the office space receiving written notice from Dunrose of the cession and assignment of the existing lease agreement from Dunrose to Arrowhead with effect from the transfer date.
18-Jun-2012
(Official Notice)
Unitholders of Arrowhead are advised to exercise caution when dealing in their linked units until the financial effects of the acquisition are announced.
18-Jun-2012
(Official Notice)
Linked unitholders are advised that Arrowhead has concluded an agreement for the acquisition of a property letting enterprise and related immovable property situate at 67 Middle Road, Bartlett, Boksburg ("the immovable property") from Frutek (Pty) Ltd. ("Frutek") ("the acquisition"). The building situated on the immovable property is single tenanted. The acquisition provides Arrowhead with an opportunity to increase its industrial property portfolio exposure whilst improving the quality and average size of the portfolio.



Terms of the acquisition and conditions precedent

The total purchase consideration payable by Arrowhead is R60 000 000 which amount includes VAT levied at a rate of 0% (the "purchase price"). The purchase price will be discharged in cash on the effective date, being the date on which the immovable property is transferred into Arrowhead's name. Arrowhead intends raising the cash by way of a vendor consideration placement of Arrowhead A and B linked units. The acquisition is conditional on:

* Arrowhead securing written approval from its investment committee for the acquisition;

* Arrowhead conducting a due diligence investigation;

* Arrowhead securing finance for the acquisition; and

* Arrowhead and the existing lessee of the immovable property concluding a new lease agreement or alternatively, at Arrowhead's discretion, the existing lessee of the immovable property consenting to the cession and assignment of the existing lease agreements from Frutek to Arrowhead with effect from the effective date.
01-Jun-2012
(Official Notice)
Linked unitholders are referred to Arrowa's interim results announcement for the six months ended 31 March 2012 released on SENS on 9 May 2012. The results announcement included distributions per A and B linked unit and earnings and headline earnings per share. However, the results announcement did not include earnings and headline earnings per unit, which the JSE has requested Arrowa to provide for comparative purposes.



Accordingly, unitholders are advised that the earnings and headline earnings per combined A and B linked unit for the six months ended 31 March 2012 (calculated by adding back the distribution per linked unit to the earnings and headline earnings per share) is 44.36 cents, 25.85 cents of which is attributable to the A linked unit and 18.51 cents of which is attributable to the B linked unit.
31-May-2012
(Official Notice)
30-May-2012
(Official Notice)
Linked unitholders are referred to Arrowa's interim results announcement for the six months ended 31 March 2012 released on SENS on 9 May 2012 ("the results announcement"). The results announcement included distributions per A and B linked unit (which Arrowa considers the most relevant figure for unitholders) and earnings and headline earnings per share. However the results announcement did not include earnings and headline earnings per unit, which the JSE has requested Arrowhead to provide for comparative purposes. Accordingly, unitholders are advised that the earnings and headline earning per combined A and B linked unit for the six months ended 31 March 2012 (calculated by adding back the distribution per linked unit to the earnings and headline earnings per share) is 44.36 cents, 25.85 cents of which is attributable to the A linked unit and 18.51 cents of which is attributable to the B linked unit.
18-May-2012
(Official Notice)
Unitholders of Arrowhead are advised to exercise caution when dealing in their linked units until the financial effects of the transaction are announced.
18-May-2012
(Official Notice)
Linked unitholders are advised that Arrowhead has concluded an agreement for the acquisition of phases 2, 3, 5 and 8 of Midtown Mall, Rustenburg ("the acquisition") from the Eric Ellerine Family Trust, the Sidney Ellerine Family Trust, the Selsick Family Trust and Hica Properties (Pty) Ltd. (the "vendors"). Phases 2, 5 and 8 of Midtown Mall are freehold properties and phase 3 is a leasehold property. The acquisition provides Arrowhead with an opportunity to increase its retail portfolio exposure and gain access to one of the fastest growing retail nodes in the country. This strategic acquisition will improve the quality and average size of the portfolio and will also improve the geographic spread of the company's properties.



Terms of acquisitions and conditions precedent

The total purchase consideration payable by Arrowhead in respect of the acquisition is R178 000 000 which amount includes VAT levied at a rate of 0% (the "purchase price"). Payment of the purchase price for the acquisition will be secured by way of a vendor consideration placement of Arrowhead A and B linked units. The effective date of the acquisition will be the first day of the month in which either the last freehold property is transferred or the cession of the leasehold is registered (whichever is the later). The purchase price shall be discharged in cash on the effective date. The acquisition is conditional on:

* the owner of the leasehold property consenting to the cession of the leasehold to Arrowhead;

* the vendors passing the requisite resolutions required to approve the disposal of phases 2, 3, 5 and 8 of Midtown Mall to Arrowhead; and

* approval by the Competition Authorities.
09-May-2012
(C)
Arrowhead's maiden interim results showed rental income of R108.8 million and total revenue of R114.3 million. Net operating profit amounted to R76.1 million. A net attributable loss of R11.7 million was recorded. In addition, a headline loss per A share of 13.55c was registered.



Distributions

The board has approved and notice was given of the cash interest distributions (distribution number 2) of 15.00c per A-linked unit and 9.68c per B-linked unit for the quarter ended 31 March 2012.



Outlook

Arrowhead is confident that it will deliver on the distribution forecast as set out in its pre-listing statement dated 30 September 2011. The company is also confident that it will implement the property acquisitions that are in the process of being finalised and implemented, and of identifying additional acquisitions in the short to medium term.
04-May-2012
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 16 March 2012 in which it was announced that Arrowhead had concluded a binding agreement for the acquisition of property portfolios from Growthpoint, GSWT and Paramount ("the acquisition") for an aggregate consideration of R167.6 million. The purpose of this announcement is to present the financial effects of the acquisition.



Financial effects

The effect of the acquisition on Arrowhead's net asset value, earnings and headline earnings per A linked unit and B linked unit and distribution per A linked unit and B linked unit is not significant and therefore has not been disclosed. The unaudited pro forma financial effects of the acquisition were calculated based on Arrowhead's pro forma forecast for the year ending 30 September 2012 and unaudited consolidated pro forma statement of financial position as at 31 August 2011, as contained in Arrowhead's pre-listing statement dated 30 September 2011. The financial information relating to the property portfolios acquired has been extracted from the management accounts of each of Growthpoint, GSWT and Paramount for the twelve month period to 30 June 2011. The management of Arrowhead is satisfied with the quality of the information contained in these management accounts.



Cautionary

Arrowhead linked unitholders are advised that following the release of the financial effects of the acquisition, caution is no longer required to be exercised by linked unitholders in relation to the acquisition. However Arrowhead linked unitholders are referred to the cautionary announcement dated 3 May 2012 and are advised that notwithstanding the announcement of the financial effects of the acquisition the company remains under cautionary and are accordingly advised to continue to exercise caution when dealing in their securities in the company.
03-May-2012
(Official Notice)
Unitholders are advised that Arrowa has concluded term sheets and/or is in advanced negotiations with various parties in relation to the acquisition of further properties with an aggregate value in excess of R660m at an average forward yield in excess of 10.7%. The various acquisitions are still subject to the conclusion of binding agreements and unitholders are advised to exercise caution until such time as further announcements are made.
04-Apr-2012
(Official Notice)
As set out in Arrowhead's prelisting statement dated 30 September 2011 ("the prelisting statement"), pursuant to the terms and conditions of the acquisition agreement entered into between Arrowhead and Redefine Properties Ltd. ("Redefine") on 8 September 2011, as amended, and the Arrowhead debenture trust deed, Redefine is entitled to the payment of all distributable earnings of Arrowhead from 1 September 2011 to the Redefine record date, being 1 December 2011. Accordingly, the first income period to which Arrowhead unitholders' became entitled to receive interest pursuant to the Arrowhead debenture trust deed commenced on 1 December 2011 and ended on 31 December 2011, being a one month income period (the "December interest"). Linked unitholders are advised that Arrowhead has declared its maiden interest distribution to Arrowhead linked unitholders in respect of the December interest of 5.00 cents per A linked unit and 3.09 cents per B linked unit for the month ended 31 December 2011. The distributions per linked unit are in line with the forecast distributions for the year ended 30 September 2012 as set out in the prelisting statement.



The salient dates in respect of the payment of Arrowhead's maiden interest distribution are as follows:

*Last day to trade cum dividend on -- Thursday, 19 April 2012

*Securities trade ex dividend on: -- Friday, 20 April 2012

*Record date: -- Thursday, 26 April 2012

*Payment of interest distribution on: -- Monday, 30 April 2012

Linked unit certificates may not be dematerialised or rematerialised between Friday, 20 April 2012 and Thursday, 26 April 2012, both dates inclusive.

16-Mar-2012
(Official Notice)
Linked unitholders are advised that Arrowhead's offer submitted to Growthpoint, GSWT and Paramount (collectively the "sellers") to acquire all of the property letting enterprises and their related immovable properties described below ("the property portfolio") from the sellers was accepted on Thursday, 15 March 2012.



Cautionary

The financial effects of the transaction is still in the process of being finalised and will be published in due course. Unitholders of Arrowhead are advised to exercise caution when dealing in their linked units until the financial effects of the transaction are announced.
16-Mar-2012
(Official Notice)
09-Mar-2012
(Official Notice)
Linked unitholders are advised that Leonard Brehm has been appointed as an independent non-executive director to the board and a member of the audit committee of Arrowhead, with immediate effect.
30-Nov-2011
(Permanent)
As of going to print Arrowhead was due to list on 12 December 2011 or early in 2012, but the actual date is still subject to finalisation.
09-Oct-2018
(X)
Arrowhead is a diversified opportunistic South African REIT focused on creating long term shareholder value.



Arrowhead is a REIT holding a diverse portfolio of retail, office and industrial (collectively ?commercial?) properties valued at R5.6 billion (held directly and through a wholly owned subsidiary). In addition, as at 30?September 2017, Arrowhead held a 66.2% interest (2016: 60.1%) in its subsidiary, Indluplace which owns a portfolio of residential properties. As at 30 September 2017 Arrowhead also owned 61.7% of the B ordinary shares in Gemgrow equivalent to 55.2% of Gemgrow, which owns a diverse portfolio of commercial properties. The average value per property as at 30 September 2017 was R110 million (2016: R49.2 million).



In addition, Arrowhead held a 19.5% interest in Rebosis as well as a 10.8% interest in Dipula.



The company?s main focus is on paying growing income returns to its investors. This is achieved through escalating rentals in terms of leases with tenants, satisfactory renewal of leases with existing tenants, renting of vacant space within the property portfolio, managing and reducing, where possible, costs associated with the property portfolio and by acquiring revenue enhancing properties and investments in other REITS.


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