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07-Aug-2018
(Official Notice)
Delta shareholders are advised that the voting results for the annual general meeting of Delta (?AGM?) held at the registered offices of the Company on 7 August 2018.



Shareholders are further advised that due to ordinary resolution number 8 relating to the non-binding advisory vote to approve the remuneration policy being voted against by more than 25% of Delta?s shareholders present in person or represented by proxy at the AGM, the executives of Delta will make themselves available to consult with such dissenting shareholders on Friday, 24 August 2018 at 11h30 as follows:

1. via a telephone conference; or

2. in person at the offices of Delta, Building 3, Silver Stream Office Park, 10 Muswell Road South, Bryanston, Sandton, Johannesburg, South Africa.



All dissenting shareholders to confirm their participation to the company secretary by e-mail at paulanel@pncs.co.za by no later than close of business on Tuesday, 21 August 2018, who will provide dial- in details for the telephone conference. Dissenting shareholders are further invited to forward their concerns/questions on the remuneration policy to the company secretary in writing by close of business on Tuesday, 21 August 2018.

07-Aug-2018
(Official Notice)
Shareholders are referred to the Company?s SENS announcement dated 3 July 2017 (?Proposed Transaction Announcement?) regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following their issue, approximately 42.2% of the Company?s issued share capital (?Proposed Transaction?), as well as to Delta?s subsequent renewal of cautionary announcements, the latest of which was released on SENS on 4 July 2018.



As indicated in the Proposed Transaction Announcement, the Consortium intends to finance the Proposed Transaction and related costs with loan funding from institutional funders (?Lenders?). The Consortium notified Delta that it requires further time to negotiate with its institutional funders. Given the aforementioned, the board of directors does not, at this time, consider it necessary for shareholders to continue to exercise caution when dealing in securities of the Company.



Accordingly, the Company hereby withdraws the existing cautionary announcement and advises that caution is therefore no longer required to be exercised by shareholders when dealing in the Company?s securities. The Company will closely monitor any progress in connection with the Proposed Transaction and will release a new cautionary announcement should it in future again become necessary for shareholders to exercise caution when dealing in the Company?s securities.
04-Jul-2018
(Official Notice)
Shareholders are referred to the Company?s cautionary announcements, the latest of which was released on SENS on 23 May 2018, regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the Company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction continue to be negotiated and may have a material effect on the price of the Company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement in respect of the Proposed Transaction is made.
02-Jul-2018
(Official Notice)
Shareholders are referred to Delta?s reviewed provisional condensed consolidated results for the year ended 28 February 2018 released on SENS on Monday, 4 June 2018 and the finalisation announcement released on SENS on Tuesday, 19 June 2018, relating to the declaration of a cash dividend in the amount of 50.84210 cents per Delta share (the ?Cash Dividend?) with the election to reinvest the Cash Dividend in return for Delta shares (the ?Dividend Reinvestment Alternative?).



Delta shareholders holding 23 745 049 Delta shares, representing 3.34% of Delta?s issued shares, elected to receive the Dividend Reinvestment Alternative. As a result, 1 948 980 additional Delta shares will be issued to shareholders electing to receive the Dividend Reinvestment Alternative and an amount of R349 844 203.86 has been paid to shareholders electing to receive the Cash Dividend.



Cheques have been posted to certificated shareholders and accounts have been credited by CSDPs or brokers to dematerialised shareholders in respect of the Cash Dividend on Monday, 2 July 2018. Share certificates will be posted to certificated shareholders and accounts credited by CSDPs or brokers to dematerialised shareholders in respect of the Dividend Reinvestment Alternative on Wednesday, 4 July 2018.



An adjustment to the maximum number of Delta shares listed in respect of the Dividend Reinvestment Alternative will be made on or about Thursday, 5 July 2018.
29-Jun-2018
(Official Notice)
Further to Delta's reviewed provisional condensed consolidated results for the year ended 28 February 2018, published on SENS on 4 June 2018 (the ?Published Financial Information?), the integrated report was distributed to shareholders on 29 June 2018 and is available on the Company?s website, www.deltafund.co.za. The integrated report and auditor?s review report contain no changes to the Published Financial Information.



Annual general meeting

The annual general meeting of shareholders of Delta will be held in the boardroom at the Company?s registered office, Silver Stream Office Park, 10 Muswell Road South, Bryanston, on 7 August 2018, at 10:00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.



The record date, in terms of section 59 of the Companies Act, 71 of 2008, for shareholders to be recorded on the securities register of Delta in order to be able to attend, participate and vote at the annual general meeting is Friday, 27 July 2018.
19-Jun-2018
(Official Notice)
04-Jun-2018
(Official Notice)
Shareholders are advised that the Company?s annual compliance report in terms of section 13G(2) of the Broad-based Black Economic Empowerment Amendment Act, No 46 of 2013, is available on the Company?s website at www.deltafund.co.za.

04-Jun-2018
(Official Notice)
04-Jun-2018
(C)
Rental income came in at R1.562 billion (2017: R1.612 billion). Profit for the year increased to R798.1 million (2017: R635 million) whilst headline earnings per share lowered to 91.36 cents per share (2017: 104.14 cents per share).



Declaration of final dividend ("the cash dividend")

Declaration of final dividend ("the cash dividend") with the election to reinvest the dividend shareholders are advised that dividend number 11 of 50.84210 cents per share for the year ended 28 February 2018 has been declared. The source of the cash dividend is from distributable income.



Prospects

The South African Reserve Bank's recently released Financial Stability Review, concluded that South Africa's financial sector is strong and stable and continues to feed off positive business and consumer sentiment, in spite of global uncertainties, monetary policy normalisation and protectionist measures. The general euphoria that spurred consumer and business confidence has been aided by the positive confidence levels, ongoing household balance sheet recovery and the aversion of a Moody's sovereign ratings downgrade. This increased confidence has seen a warming of real estate investors' sentiment to dominant domestic focused listed REITs.



Delta continues to focus on property fundamentals by renewing leases, reducing vacancies, refinancing debt at market related rates and investing in both defensive and accretive capital in its property portfolio. This consolidated effort will translate into a healthier balance sheet with opportunities for growth. Efforts to recapitalise the business are underway and the proposed transaction with the empowerment consortium, once successfully concluded, will inject much needed capital into the business and achieve significant direct black ownership of Delta.



In the lead-up to the 2019 national elections, the Board expects that the domestic-focused listed property market will continue to face headwinds, with perceptions around sovereign underpinned funds being driven by increased political rhetoric and positioning. The Board and management remain committed to Delta's sovereign strategy despite the current challenging and tough trading climate.
23-May-2018
(Official Notice)
Shareholders are referred to the company?s cautionary announcements, the latest of which was released on SENS on 9 April 2018, regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction are still being negotiated and may have a material effect on the price of the company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the company?s securities until a full announcement in respect of the Proposed Transaction is made.
13-Apr-2018
(Official Notice)
Shareholders are advised that Ms Bronwyn Corbett, currently a non-executive director of Delta, has resigned from the Delta Board with effect from 12 April 2018 to focus on her role as Chief Executive Officer of Grit Real Estate Income Group Limited, which has grown substantially since listing.
09-Apr-2018
(Official Notice)
Shareholders are referred to the company?s cautionary announcements, the latest of which was released on SENS on 21 February 2018, regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction are still being negotiated and may have a material effect on the price of the company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the company?s securities until a full announcement in respect of the Proposed Transaction is made.
21-Feb-2018
(Official Notice)
Shareholders are referred to the Company?s cautionary announcements, the latest of which was released on SENS on 20 December 2017, regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the Company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction are still being negotiated and may have a material effect on the price of the Company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement in respect of the Proposed Transaction is made.
20-Dec-2017
(Official Notice)
Shareholders are referred to the Company?s cautionary announcements, the latest of which was released on SENS on 8 November 2017, regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the Company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction are still being negotiated and may have a material effect on the price of the Company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement in respect of the Proposed Transaction is made.
27-Nov-2017
(Official Notice)
Shareholders are referred to Delta?s unaudited condensed consolidated interim results for the six months ended 31 August 2017 released on SENS on Tuesday, 31 October 2017 and the finalisation announcement for the dividend re-investment alternative released on SENS on Tuesday, 7 November 2017 relating to the declaration of a cash dividend in the amount of 46.39874 cents per Delta share (?the cash dividend?) with the option to reinvest the cash dividend (?the dividend re-investment alternative?).



Delta shareholders holding 19 195 584 Delta shares, representing 2.7% of Delta?s issued shares, elected to receive the dividend re-investment alternative. As a result, 1 212 304 additional Delta shares will be issued to shareholders electing to receive the dividend re-investment alternative and an amount of R320 817 869.37 has been paid to shareholders electing to receive the cash dividend.



Cheques have been posted to certificated shareholders and accounts have been credited by CSDPs or brokers to dematerialised shareholders in respect of the cash dividend on Monday, 27 November 2017. Share certificates will be posted to certificated shareholders and accounts credited by CSDPs or brokers to dematerialised shareholders in respect of the dividend re-investment alternative on Wednesday, 29 November 2017.



An adjustment to the maximum number of Delta shares listed in respect of the dividend re-investment alternative will be made on or about Friday, 1 December 2017.
08-Nov-2017
(Official Notice)
Shareholders are referred to the Company?s cautionary announcements, the latest of which was released on SENS on 27 September 2017, regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the Company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction are still being negotiated and may have a material effect on the price of the Company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement in respect of the Proposed Transaction is made.
07-Nov-2017
(Official Notice)
31-Oct-2017
(Official Notice)
31-Oct-2017
(C)
Revenue for the interim period grew to R781.6 million (R757.3 million) whilst net operating profit was higher at R532.1 million (R527.7 million). Profit attributable to owners lowered to R241.5 million (R287.9 million). Furthermore, headline earnings per share dipped to 42.06 cents per share (55.30 cents per share ).



Dividend with the election to reinvest the dividend

Shareholders are advised that dividend number 10 of 46.39874 cents per share for the six months ended 31 August 2017 has been declared. The source of the cash dividend is from distributable income.



Company prospects

The economic environment is expected to remain pressurised due to continued risk of sovereign rating downgrades combined with low economic growth and uncertain political risks.



Delta will continue to focus its efforts on the basic property fundamentals to create a healthy and sustainable business for all stakeholders. Significant progress has been made to date and a further initiative, as detailed in our cautionary of 3 July 2017, is currently in its final stages to inject much needed capital and achieve significant direct black ownership of the Fund which will qualify Delta for the long-term leases awarded by DPW. This will assist to recapitalise the business, reduce reliance on debt funding and facilitate the growth of the Fund with yield accretive acquisitions.



Despite the current challenging and tough trading climate we remain committed to Delta's sovereign strategy and expect to achieve flat full-year distribution growth as communicated to the market. This forecast is based on the current trading environment prevailing with no major changes in operating conditions. The Group's independent auditors have not reviewed nor reported on this forecast.
27-Sep-2017
(Official Notice)
Shareholders are referred to the Company?s cautionary announcements dated 21 April 2017, 6 June 2017, 3 July 2017 and 15 August 2017 regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the Company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction are still being negotiated and may have a material effect on the price of the Company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a full announcement in respect of the Proposed Transaction is made.
22-Sep-2017
(Official Notice)
Delta shareholders are advised that at the annual general meeting of Delta (?AGM?) held at the registered offices of the Company on 21 September 2017 all the resolutions were passed.
31-Aug-2017
(Official Notice)
Delta Property Fund has publicly released its Audited Annual Financial Statements for the full year ended 28 February 2017.



The annual financial statements are available on the company?s website at the following link www.deltafund.co.za and at the company?s registered office at Silver Stream Office Park, 10 Muswell Road South Bryanston for inspection with immediate effect.

31-Aug-2017
(Official Notice)
Further to Delta's reviewed provisional condensed consolidated results for the year ended 28 February 2017, published on SENS on 29 May 2017, the integrated report was distributed to shareholders on 31 August 2017 and is available on the company?s website, www.deltafund.co.za. The annual financial statements contain no modifications to the aforementioned published reviewed provisional results.



Annual general meeting

The annual general meeting of shareholders of Delta will be held in the boardroom at the company?s registered office, Silver Stream Office Park, 10 Muswell Road South, Bryanston, on Thursday, 21 September 2017, at 09:30, to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.



The record date, in terms of section 59 of the Companies Act, 71 of 2008, for shareholders to be recorded on the securities register of Delta in order to be able to attend, participate and vote at the annual general meeting is Friday, 15 September 2017.
15-Aug-2017
(Official Notice)
Shareholders are referred to the company?s cautionary announcements dated 21 April 2017, 6 June 2017 and 3 July 2017, regarding the proposed subscription by a broad-based black economic empowerment consortium (?Consortium?) for shares representing, following the issue, approximately 42.2% of the company?s issued share capital (?Proposed Transaction?).



The terms of the Proposed Transaction are still being negotiated and may have a material effect on the price of the company?s securities. Accordingly, Delta?s shareholders are advised to continue to exercise caution when dealing in the company?s securities until a full announcement in respect of the Proposed Transaction is made.
03-Jul-2017
(Official Notice)
30-Jun-2017
(Official Notice)
Delta shareholders are advised that Mr Andrew K?nig has resigned as non-executive director from the board of Delta with effect from 29 June 2017, following the disposal by Redefine Properties Ltd. of its c. 22.8% stake in Delta to a black women-led empowerment consortium which includes management and staff of Delta and Delta Property Asset Management (Pty) Ltd. (?the Redefine B-BBEE Transaction?).



Furthermore, Delta confirms that with effect from 30 June 2017, Ms Nooraya Khan will step down as lead independent director (?LID?) and chairman of the Audit, Risk and Compliance Committee but will remain as a non-executive director of Delta. Mr Mfundiso Johnson Ntabankulu (?JJ?) Njeke will be appointed as LID and chairman of the Audit, Risk and Compliance Committee with effect from the same date. This follows the Remuneration and Nomination Committee?s recommendation to the Delta board that Mr Njeke be appointed as LID as Ms Khan will no longer be in a position to perform the role of LID with her participation in the Redefine B-BBEE Transaction.



06-Jun-2017
(Official Notice)
Delta shareholders are referred to the cautionary announcement dated 21 April 2017 advising that Delta?s board of directors (the ?Board?) had been approached by a broad-based black empowerment consortium led by management of Delta, who wish to subscribe for a shareholding of up to 51% in Delta (the ?Proposed Transaction?). The Delta Board constituted an independent sub-committee which continues to assess the terms of the Proposed Transaction. Delta shareholders will be provided with a further update in due course.



The Proposed Transaction may have an effect on the price of Delta shares and accordingly Delta shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement in respect of the Proposed Transaction is made.

29-May-2017
(Official Notice)
Delprop advised shareholders that Mr Caswell Rampheri, BA Law, LLB, Higher Diploma in Tax Law, has been appointed as independent non-executive director of Delta with effect from 1 June 2017.
29-May-2017
(Official Notice)
29-May-2017
(C)
Contractual rental income rose to R1.6 billion (2016: R1.2 billion). Profit for the year from continuing operations lowered to R635 million (2016: R687.2 million) whilst headline earnings per share from continuing operations rose to 104.14 cents per share (2016: 58.66 cents per share).



Declaration of final dividend ("the cash dividend")

Shareholders are advised that dividend number 9 of 51.30719 cents per share for the year ended 28 February 2017 has been declared. The source of the cash dividend is from distributable income.



Company prospects

South Africa?s downgrade to sub-investment or "junk" status reflects the rating agency?s belief that political risks will remain elevated this year, that policy shifts are likely which could further affect fiscal and economic growth outcomes and that interest rates could rise.



Delta will be exposed to rising interest rates in the medium term and management will endeavour to manage this downside risk and to reduce gearing to below 40%. Significant effort is being channelled into addressing the ownership pillar per the proposed new BBBEE codes, ensuring compliance and qualification for long-term leases per the much anticipated DPW leasing policy framework. We believe this will result in a healthier balance sheet and improved long-term



21-Apr-2017
(Official Notice)
Delprop shareholders are advised that Delta?s board of directors (?the board?) has been approached by a broad-based black empowerment consortium led by management of Delta, who wish to subscribe for a shareholding of up to 51% in Delta (?the Proposed Transaction?).



Given the fact that this would be regarded as a related party transaction in terms of the JSE Ltd. Listings Requirements, the Delta board has constituted an independent sub-committee to assess the terms of the Proposed Transaction.



The Proposed Transaction may have a material effect on the price of Delta shares, accordingly, Delta shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement has been made.
03-Apr-2017
(Official Notice)
The Delta board advised shareholders that Mr Mfundiso Johnson Ntabankulu (?JJ?) Njeke, BCom, BCompt (Hons), CA (SA), H Dip Tax Law, has been appointed as independent non-executive director of Delta with effect from 1 April 2017.
24-Feb-2017
(Official Notice)
Shareholders are advised that due to her having accepted full time employment and her not being able to continue her commitment on the Delta Board, Ms Marelise de Lange has resigned as an independent non- executive director to the board of Delta with effect from 23 February 2017. The board wishes to express their thanks to Marelise for her contribution to the Company.

27-Oct-2016
(Official Notice)
27-Oct-2016
(C)
Revenue for the interim period jumped to R757.3 million (R587.2 million). Net operating profit increased to R527.7 million (R450.0 million) and profit from operations also grew to R526.6 million (R433.5 million). Profit attributable to owners more than doubled to R287.9 million (R131.0 million). In addition, headline earnings per share from continuing operations shot up to 55.30 cents per share (32.74 cents per share).



Dividend

Shareholders are advised that dividend No. 8 of 45.93057 cents per share for the six months ended 31 August 2016 has been declared. The source of the cash dividend is from distributable income.



Prospects

The domestic property market is expected to remain challenging amidst a weak economy compounded by inflationary pressures and a volatile interest rate outlook. Management and the Board, however, remain positive that the defensive nature of Delta's portfolio will continue to provide value for investors in the form of stable distribution growth.



The primary effort in the business remains focused on lease renewals, renewing debt facilities and further lowering gearing to below 40.0%. The recent roadshows and communication by DPW pertaining to re-emergence of long-term leases provides significant opportunity for value-enhancement to Delta's positioning and ability to implement thereon.



Management remains confident of achieving a full-year distribution growth of between 7.0% and 7.5% for the full 2017 financial year. This forecast is based on the assumption that the current trading environment prevails with no major setbacks in current operating conditions.
21-Sep-2016
(Official Notice)
Delta shareholders are advised that all resolutions for the annual general meeting of Delta held at the registered offices of the Company on 21 September 2016 were passed.
01-Sep-2016
(Official Notice)
Further to Delta's reviewed provisional financial results for the year ended 29 February 2016, published on SENS on 16 May 2016, the integrated report was distributed to shareholders on Monday, 8 August 2016 and is available on the company?s website, www.deltafund.co.za.





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10-Aug-2016
(Official Notice)
Further to Delta's reviewed provisional financial results for the year ended 29 February 2016, published on SENS on 16 May 2016, the integrated report was distributed to shareholders on Monday, 8 August 2016 and is available on the company?s website, www.deltafund.co.za. The annual financial statements contain no modifications to the aforementioned published reviewed provisional results.



Annual general meeting

The annual general meeting of shareholders of Delta will be held in the boardroom at the company?s registered office, Silver Stream Office Park, 10 Muswell Road South, Bryanston, on 21 September 2016, at 09:00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.



The record date, in terms of section 59 of the Companies Act, 71 of 2008, for shareholders to be recorded on the securities register of Delta in order to be able to attend, participate and vote at the annual general meeting is 16 September 2016.
25-Jul-2016
(Official Notice)
Delta shareholders are advised that Mr Jorge da Costa has resigned as independent non-executive director from the board of Delta with effect from 20 July 2016, due to his personal businesses having grown significantly and his decision to focus on these companies. He remains available as an advisor to the board of Delta if required.



Further to the aforementioned resignation, Delta?s investment committee will now be chaired by Ms Marelise de Lange.



08-Jun-2016
(Official Notice)
Shareholders are advised that Mr Otis Tshabalala has been appointed as Chief Operating Officer and an executive director of Delta with effect from 7 June 2016. At the same time, Ms Bronwyn Corbett will step down as Chief Operating Officer and executive director of Delta but will remain as a non-executive director on the board of directors of Delta. Even though Otis has worked closely with Bronwyn over the last four years, there will be a hand-over phase.
23-May-2016
(Official Notice)
16-May-2016
(Official Notice)
16-May-2016
(C)
Contractual rental income increased to R1.2 billion (2015: R940.6 million), profit for the year attributable to equity shareholders decreased to R651.2 million (2015: R885.4 million), while headline earnings per share from continuing operations dropped to 58.66cps (2015: 137.94cps).



Declaration of final dividend ("the cash dividend")

Shareholders are advised that dividend no. 7 of 47.90846 cents per share for the six months ended 29 February 2016 has been declared.



Prospects

Whilst the domestic economy continues to face increasing headwinds and low economic growth, the Board and management remain positive that Delta's defensive sovereign portfolio is well positioned for any downturn. Delta's portfolio will not be impacted by the market conditions which impact B grade office portfolios, due to the need for government to occupy buildings in the major CBD nodes and Delta's majority sovereign underpin. The board believes that Delta's Level 2 B-BBEE status will support its efforts and ability to negotiate favourable longer lease terms both with government and other empowerment sensitive tenants. Management anticipates combined distribution growth of 7% to 8% for the year ahead, on the assumption that trading conditions and the macroeconomic environment remains stable with no major tenant and corporate defaults. The forecast has not been reviewed nor reported on by the Group's auditors.
17-Mar-2016
(Official Notice)
Shareholders are advised that Mr A. Konig has been appointed as a non-executive director to the board of Delta with effect from 1 April 2016. The appointment of Mr Konig is as a result of the Delta / Redefine Properties Ltd. (?Redefine?) transaction announced on 5 November 2015 and 3 December 2015, and his appointment will be for as long as Redefine holds more than 5% of the shares in Delta.



Mr Konig, currently the CEO of Redefine since August 2014, was appointed at Redefine as Financial Director and to its board in January 2011. He is responsible for the management of Redefine and for ensuring the board?s strategy is implemented as well as all aspects of regulatory compliance, corporate activity and communications.



Mr Konig is a qualified Chartered Accountant with 22 years of commercial and financial experience, and was previously Group Financial Director of Independent News and Media.
29-Feb-2016
(Official Notice)
Shareholders are referred to the announcement released on 2 November 2015 relating to the appointment of Mr Shaneel Maharaj as Chief Financial Officer of Delta. The Company hereby confirms that Mr Maharaj has now been appointed as an executive director to the board of Delta with immediate effect. Shareholders are further advised that Ms Nombuso Afolayan has been appointed as an independent non- executive director of Delta with immediate effect.
21-Dec-2015
(Official Notice)
Senior Secured Noteholders are referred to the SENS announcement made on 23rd September 2015, in which Senior Secured Noteholders were advised of a meeting taking place on the 14 th October 2015 to approve certain amendments of the Terms and Conditions of the Senior Secured Notes, as detailed in that SENS announcement. Senior Secured Noteholders are advised that amendments have been approved.
03-Dec-2015
(Official Notice)
03-Dec-2015
(Official Notice)
Delta shareholders are referred to Special Resolution Number 3 relating to the provision of direct or indirect financial assistance in terms of Section 45 of the Companies Act, No 71 of 2008 (?the Companies Act?) to related or inter-related companies, which was approved at the annual general meeting of Delta on 19 August 2015.



Further to the above, Delta shareholders are notified in terms of Section 45(5)(a) of the Companies Act, that the board of directors of the company (?the board?) passed a resolution on 11 November 2015 (?the board resolution?) granting financial assistance to Baystone Holdings Ltd. (?Baystone?), an inter related company of Delta, in the amount of R30 972 237 (?the financial assistance?) in order for Baystone to acquire a property.



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Delta?s net worth as at the date of the board resolution.



The board further confirms that immediately after providing the financial assistance, the company continues to satisfy the solvency and liquidity test as contemplated in Section 4 of the Companies Act and that the terms and conditions of the financial assistance are fair and reasonable to the company.
05-Nov-2015
(Official Notice)
Delta shareholders are advised that Delta is in advanced discussions with Redefine to acquire its government property portfolio. It is envisaged that the purchase consideration payable to Redefine will equate to a yield significantly in excess of Delta?s current traded yield and will be wholly settled through the issue of Delta shares to Redefine, which will have a positive effect on Delta?s current loan to value. An announcement containing full details of the intended acquisition will be published once the terms have been agreed.



Cautionary announcement

In light of the above, Delta shareholders are advised to exercise caution when dealing in the Company?s securities until a further announcement is made.
03-Nov-2015
(Official Notice)
Shareholders are advised that Mrs Marelise de Lange has been appointed as an independent non-executive director of Delta Property Fund as well as a member of the Audit, Risk - Compliance Committee of Delta with effect from 2 November 2015.



Marelise is a CA(SA) who has more than 20 years? experience in the listed property industry, on both the operational and financial sides. She started her career at Absa Corporate and Merchant Bank in the Structured Finance division, before moving on to Absa Capital where she held the position of Business Manager ? Structured Capital Market. In mid-2008, Marelise joined International Housing Solutions, a property equity fund for affordable housing, as finance director where her duties included the implementation of IFRS accounting and reporting systems for the South Africa Workforce Housing Fund.



In 2009 Marelise joined JSE listed Vunani Group as Group Financial Manager and played an instrumental role in the successful listing of Vunani Property Investment Fund (now Texton Property Fund Ltd.) where she was appointed as Financial Director responsible for the full finance and accounting function.



Further to the above appointment, Mr Paul Simpson, currently an independent non-executive director and member of the Audit, Risk - Compliance Committee will step down as a member of the Audit, Risk - Compliance Committee.
03-Nov-2015
(Official Notice)
Shareholders are advised that Mrs Marelise de Lange has been appointed as an independent non-executive director of Delta Property Fund as well as a member of the Audit, Risk - Compliance Committee of Delta with effect from [date] 2015. Further to the above appointment, Mr Paul Simpson, currently an independent non-executive director and member of the Audit, Risk - Compliance Committee will step down as a member of the Audit, Risk - Compliance Committee.

02-Nov-2015
(Official Notice)
Shareholders are advised that Mr Shaneel Maharaj has been appointed as chief financial officer of Delta Property Fund with effect from 1 December 2015.

26-Oct-2015
(Official Notice)
26-Oct-2015
(C)
Revenue for the interim period increased to R587.2 million (2014: R480.2 million), profit from operations rose to R433.5 million (2014: R324.5 million), profit for the period fell to R128.9 million (2014: R149.3 million), while headline earnings per share from continuing operations plunged to 32.74 cents per share (2014: 71.47 cents per share).



Distribution

Delta has declared a distribution of 42.89154 cents per share for the six months ended 28 February 2015. This is a 7.2% increase on the distribution for the comparable period in 2014.



Prospects

While the domestic economy continues to face increasing headwinds and low economic growth, the Board and management remain positive that Delta's defensive portfolio is well positioned for any downturn. Delta will continue to pursue opportunities in line with its strategy. Delta is on track to deliver combined distribution growth for the 2016 financial year of 8% from February 2015. This forecast is based on the assumption that trading conditions and the macroeconomic environment remains stable.
02-Oct-2015
(Official Notice)
Shareholders are advised that Greg Booyens has resigned as the Financial Director of Delta with immediate effect in order to pursue new interests. Greg has agreed however to remain with Delta to ensure a smooth handover of his responsibilities until the end of December 2015. The board of directors (?the Board?) has embarked upon a process of appointing a suitable replacement and expects to make an announcement in this regard in the near future.
23-Sep-2015
(Official Notice)
Notice of a meeting of all of the holders of the senior secured notes issued by Delta Property Fund Limited under its R2,000,000,000 Domestic Medium Term Note Programme

*Pursuant to Condition 20 of the Terms and Conditions of the Senior Secured Notes, the Issuer hereby gives notice that a meeting of all of the holders of the Senior Secured Notes issued by the Issuer under its R2,000,000,000 domestic medium term note programme (the "Senior Secured Noteholders"), will be held on 14th October 2015 at 10h00 at the offices of Nedbank Limited, 135 Rivonia Road, Sandown, Sandton, 2196 (the "Senior Secured Noteholders Meeting") at which the following Extraordinary Resolutions will be considered and, if deemed fit, passed with or without modification.

*Unless otherwise defined, words and expressions used in this notice will bear the same meanings as in the programme memorandum of the Issuer dated 19 July 2013, read with the Applicable Pricing Supplements for the Senior Secured Notes (the "Programme Memorandum").

02-Sep-2015
(Official Notice)
Shareholders are referred to the circular dated 12 May 2015 (?the circular?) relating to, inter alia, the approval of a new asset management agreement and the consequent appointment of Delta Property Asset Management (Pty) Ltd. (?Delta Manco?) as asset manager to Delta, as well as the results of general meeting announcement dated 10 June 2015 which confirmed that shareholders had approved the new asset management agreement.



In this regard and as set out in the circular, shareholders are now advised that a trust has been established for the benefit of certain of Delta Manco?s black employees (?the Trust?) and that the Trust has become the sole shareholder of Delta Manco. As a result, the asset management requirements of Delta will be assumed by Delta Manco with effect from 1 September 2015.



Shareholders are further advised that Mr JB Magwaza, non-executive chairman of Delta has now been reclassified as independent non-executive chairman of Delta. This is as a result of the appointment of Delta Manco as asset manager and the consequent removal of MPI Property Asset Management (Pty) Ltd. (?MPI?) as asset manager to Delta, of which Mr JB Magwaza was a shareholder. It should further be noted that the removal of MPI has eliminated some perceived conflicts of interest with regard to certain common directors of Delta and MPI.
26-Aug-2015
(Official Notice)
The audited financials for the year ended 28 February 2015 is available on Delta Property Fund Ltd.?s website http://www.deltafund.co.za and at the Delta Property Fund Limited registered office at Silver Stream Office Park, 10 Muswell Road South, Bryanston for inspection with immediate effect.
19-Aug-2015
(Official Notice)
Delprop shareholders are advised that the voting results for the annual general meeting of Delprop (?AGM?) held at the registered offices of the Company on 19 August 2015 were as follows:

*all resolutions, except for the non-binding advisory ordinary resolution number 11, were passed by the requisite majority of Delprop shareholders present in person or represented by proxy at the annual general meeting.



In regard to the non-binding advisory vote on the remuneration policy, since the last annual general meeting the Board of Delprop have been working with an external consultant on addressing remuneration related matters in line with recommendations received from shareholders. This is acknowledged by the Board as a work in progress.



In regard to ordinary resolution number 12 relating to the general authority to issue shares for cash, the directors of Delprop have undertaken that the maximum discount at which shares will be issued and allotted is 5% (five percent) of the weighted average price on the JSE Ltd. of those shares over 30 days prior to the date that the price of the issue is agreed between the Company and the party subscribing for the shares.
11-Aug-2015
(Official Notice)
Delta shareholders are referred to Special Resolution Number 3 relating to the provision of direct or indirect financial assistance in terms of Section 45 of the Companies Act, No 71 of 2008 (?the Companies Act?) to related or inter-related companies, which was approved at the annual general meeting of Delta on 2 October 2014.



Further to the above, Delta shareholders are notified in terms of Section 45(5)(a) of the Companies Act, that the board of directors of the Company (?the board?) passed a resolution on 24 July 2015 (?the board resolution?) granting financial assistance, effective 28 July 2015, to one of its wholly owned subsidiaries in the amount of R125,000,000 (?the financial assistance?) in order for the subsidiary to acquire a property.



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Delta?s net worth as at the date of the board resolution. The board further confirms that immediately after providing the financial assistance, the Company continues to satisfy the solvency and liquidity test as contemplated in Section 4 of the Companies Act and that the terms and conditions of the financial assistance are fair and reasonable to the Company.

20-Jul-2015
(Official Notice)
Posting of Delprop?s integrated report, no change statement and details of the annual general meeting



Integrated report

Further to Delprop's reviewed provisional financial results for the year ended 28 February 2015, published on SENS on 22 May 2015, the integrated report was posted to shareholders on Friday, 17 July 2015. The annual financial statements contain no modifications to the aforementioned published reviewed provisional results.



Annual general meeting

The annual general meeting of shareholders of Delprop will be held in the boardroom at the Company?s registered office, Silver Stream Office Park, 10 Muswell Road South, Bryanston, on Wednesday, 19 August 2015, at 11:00, to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.



The record date, in terms of section 59 of the Companies Act, 71 of 2008, for shareholders to be recorded on the securities register of Delprop in order to be able to attend, participate and vote at the annual general meeting is Friday, 14 August 2015.
02-Jul-2015
(Official Notice)
Shareholders are advised that Mr Greg Booyens has been appointed as an executive director to the board of directors of Delprop in the capacity of Chief Financial Officer with effect from 1 July 2015.



Shareholders are further advised that Ms Bronwyn Corbett will remain on the board of Delprop, fulfilling the role of Chief Operating Officer and Chief Investment Officer with focus on strategic financial aspects of Delprop?s business.
15-Jun-2015
(Official Notice)
Shareholders are referred to Delta?s reviewed provisional results for the year ended 28 February 2015 released on SENS on Friday, 22 May 2015 and the finalisation announcement for the share- reinvestment alternative released on SENS on Friday, 29 May 2015 relating to the declaration of a cash dividend in the amount of 44.05542 cents per Delta share (?the cash dividend?) with the option to re-invest the cash dividend (?the share re-investment alternative?).



Delta shareholders holding 102 877 519 Delta shares, representing 19.02% of Delta?s issued shares, elected to receive the share re-investment alternative. As a result, 5 222 759 additional Delta shares will be issued to shareholders electing to receive the share re-investment alternative and an amount of R193 038 251.96 has been paid to shareholders electing to receive the cash dividend.



Cheques have been posted to certificated shareholders and accounts have been credited by CSDPs or brokers to dematerialised shareholders in respect of the cash dividend on Monday, 15 June 2015. Share certificates will be posted to certificated shareholders and accounts credited by CSDPs or brokers to dematerialised shareholders in respect of the share re-investment alternative on Thursday, 18 June 2015.



An adjustment to the maximum number of shares listed in respect of the share re-investment alternative will be made on or about Friday, 19 June 2015.
10-Jun-2015
(Official Notice)
Delta shareholders are advised that based on the voting results for the general meeting of Delta held at the registered offices of the company on 10 June 2015, all resolutions were passed by the requisite majority of Delta shareholders present in person or represented by proxy.



Shareholders of MPI Property Asset Management (Pty) Ltd. who are also shareholders of Delta were advised that, given the nature of the transaction, they would be deemed conflicted and should abstain from voting. Subsequently, Messrs JB Magwaza, SN Nomvete and J Mriga recused themselves from voting.
02-Jun-2015
(Official Notice)
01-Jun-2015
(Official Notice)
Pursuant to Condition 20 of the Terms and Conditions of the Senior Secured Notes, the Issuer hereby gives notice that a meeting of all of the holders of the Senior Secured Notes issued by the Issuer under its R2 000 000 000 domestic medium term note programme (the "Senior Secured Noteholders"), will be held on 22 June 2015 at 10h00 at the offices of Nedbank Ltd., 135 Rivonia Road, Sandown, Sandton, 2196 (the "Senior Secured Noteholders Meeting") at which the following Extraordinary Resolutions will be considered and, if deemed fit, passed with or without modification.
29-May-2015
(Official Notice)
Shareholders are referred to Delta?s reviewed provisional results for the year ended 28 February 2015 released on SENS on Friday, 22 May 2015 (?the results announcement?) which included reference to a cash dividend in the amount of 44.05542 cents per Delta share (?the cash dividend?) with the option to re-invest the cash dividend (?the share re-investment alternative?). Full details of the share re-investment alternative were also set out in a circular posted to shareholders on Friday, 22 May 2015 (?the circular?).



The price applicable to a Delta shareholder electing the share re-investment alternative is R8.65582 (?the re-investment price?), being the five-day volume weighted average traded price (ex-dividend) of Delta shares prior to the finalisation date of 29 May 2015. The re-investment price represents a 2.74% discount to the cum dividend closing price of Delta on 28 May 2015 of R8.90 and a 4.84% discount to the cum dividend five-day volume weighted average traded price of Delta shares prior to 29 May 2015 of R9.10.



Dividend withholding tax (?Dividend Tax?) implications

Dividends are exempt from dividend withholding tax in the hands of South African resident shareholders provided that South African resident shareholders have submitted to the CSDP or broker, as the case may be, in respect of uncertificated shares, or the transfer secretaries in respect of certificated shares, the requisite declaration as fully set out in paragraph 5 of the circular. Accordingly, South African resident shareholders who have submitted the requisite documentation and are exempt from Dividend Tax, will receive a net dividend of 44.05542 cents per Delta share.



Timetable

The salient dates and times for the cash dividend and the share re-investment alternative are set out in the results announcement and the circular and remain unchanged. Shareholders electing the share re-investment alternative are alerted to the fact that the new shares will be listed on Last day to trade (?LDT?) + 3 and that these shares can only be traded on LDT + 3 due to the fact that settlement of the shares will be three days after the record date, which differs from the conventional one day after record date settlement process.
22-May-2015
(Official Notice)
Further to the reviewed provisional condensed consolidated financial results for the year ended 28 February 2015 released on SENS, set out below the tax implication for the dividend payment. Tax implications for South African resident shareholders Dividends received by or accrued to South African tax residents must be included in the gross income of such shareholders and are not exempt from income tax in terms of the exclusion to the general dividend exemption contained in Section 10(1)(k)(i)(aa) of the Income Tax Act because they are dividends distributed by a REIT. These dividends are, however, exempt from dividend withholding tax (?Dividend Tax?) in the hands of South African resident shareholders provided that the South African resident shareholders have provided to the CSDP or broker, as the case may be, in respect of dematerialised shares, or the transfer secretaries, in respect of certificated shares, a DTD (EX) (Dividend Tax : Declaration and undertaking to be made by the beneficial owner of a share) form to prove their status as a South African resident and indicating the exemption upon which they are relying. If resident shareholders have not submitted the abovementioned documentation to confirm their status as a South African resident, they are advised to contact their CSDP or broker, as the case may be, to arrange for the documents to be submitted prior to the payment of the dividend.
22-May-2015
(C)
Contractual rental income increased to R940.6 million (2014: R594.2 million), profit for the year attributable to equity shareholders rose to R885.4 million (2014: R761.7 million), while headline earnings per share from continuing operations dropped to 136.97cps (2014: 205.14cps).



Declaration of final dividend ("the cash dividend") with the election to reinvest the distribution

Shareholders are advised that dividend number 5 of 44.05542cps for the six months ended 28 February 2015 has been declared. The source of the cash dividend is from rental income.



Shareholders will be entitled, in respect of all or part of their shareholding, to elect to reinvest the cash dividend in return for Delta shares ("the share re-investment alternative"), failing which they will receive the cash dividend in respect of all or part of their shareholding. The number of shares to which shareholders are entitled will be determined with reference to the ratio that 44.05542cps bears to the five-day volume weighted average traded price (ex dividend) of Delta shares on the JSE prior to the finalisation date, which will be no later than Friday, 29 May 2015.



Prospects

While South Africa has entered a period which is anticipated to deliver low economic growth, the Board and management remain positive that Delta's defensive portfolio is well positioned for any downturn. Delta will continue to pursue empowerment sensitive opportunities. Management remains committed to reducing the level of gearing in the Fund and intends to lower this to 40% by February 2016. On the assumption that trading conditions and the macroeconomic environment remains stable with no major tenant and corporate defaults, management anticipates combined distribution growth of 8% for the year ahead. The forecast has not been reviewed or reported on by the Group's auditors.
12-May-2015
(Official Notice)
Delprop shareholders are referred to the announcement dated 22 April 2015 and previous announcements in which Delprop shareholders were advised that Delprop?s board of directors intended to approach shareholders for approval to exercise the termination clause in its existing asset management agreement with MPI Property Asset Management Proprietary Limited and simultaneously enter into an asset management agreement with a new asset management company. Delprop shareholders are advised that the circular, incorporating a notice of general meeting, providing Delprop shareholders with full details was posted to Delprop shareholders today, 12 May 2015, and is available on the company?s website: www.Delpropfund.co.za.



Accordingly, Delprop shareholders are advised that caution is no longer required when dealing in the company?s securities.
30-Apr-2015
(Official Notice)
Delprop shareholders are referred to the trading update released on 2 March 2015 (?trading update?), in which it was mentioned that Delprop had anticipated releasing its financial results for the year ended 28 February 2015 on or about 7 May 2015. Shareholders are now advised that pursuant to Delprop?s conversion to a REIT which became effective on 8 December 2014, there are certain technical accounting issues which have arisen and that require further investigation, as such, there will be a delay to the envisaged date of release of the aforementioned results, which are now anticipated to be released on or about 22 May 2015.



Shareholders are further advised that the guidance provided in the trading update has not changed as a result of the above.
22-Apr-2015
(Official Notice)
Delta shareholders are referred to the announcements dated 12 February and 9 March 2015 in which Delta shareholders were advised that Delta?s board of directors intended to approach shareholders for approval to exercise the termination clause in its existing asset management agreement with MPI Property Asset Management Proprietary Limited and simultaneously enter into an asset management agreement with a new asset management company. Delta is in the process of finalising a circular, which will incorporate a notice of general meeting, to provide Delta shareholders with full details and to convene a general meeting of Delta shareholders.



Accordingly, Delta shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
16-Apr-2015
(Official Notice)
Delprop shareholders are referred to Special Resolution Number 3 relating to the provision of direct or indirect financial assistance in terms of Section 45 of the Companies Act, No 71 of 2008 (?the Companies Act?) to related or inter-related companies, which was approved at the annual general meeting of Delprop on 2 October 2014.



Further to the above, Delprop shareholders are notified in terms of Section 45(5)(a) of the Companies Act, that the board of directors of the Company (?the board?) passed a resolution on 1 April 2015 (?the board resolution?) granting financial assistance to Delta International Property Holdings Ltd. (?Delta International?) in the amount of R177 422 700 (?the financial assistance?). The financial assistance will be effected by a refundable cash deposit to Standard Bank of South Africa Ltd. (?Standard Bank?) to enable Standard Bank to issue debt funding on behalf of Delta International to the vendor of an asset known as the Vodacom building located in Maputo, Mozambique (?the Vodacom building?) in order to enable Delta International to continue with the purchase transaction of the Vodacom building. Repayment of the financial assistance will take place by the end of April 2015.



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Delta?s net worth as at the date of the board resolutions. The board further confirms that immediately after providing the financial assistance, the Company continues to satisfy the solvency and liquidity test as contemplated in Section 4 of the Companies Act and that the terms and conditions of the financial assistance are fair and reasonable to the Company.
27-Mar-2015
(Official Notice)
Shareholders are referred to the SENS announcement released on 24 March 2015, wherein Delta announced the launch of a vendor consideration placing by way of a bookbuild, to raise approximately R400 million through the issue of new shares to successful participants (?Bookbuild?).



Delta is pleased to announce that it has successfully priced and closed the Bookbuild.



Delta received bids for a total value of approximately R523 million and has decided to accept bids to the value of approximately R503 million. Accordingly a total number of 56,535,800 new Delta ordinary shares ("Bookbuild Shares") were placed with qualifying investors at a price of R8.90 per Bookbuild Share.



The issue price represents a premium of 2.9% to the closing price of Delta shares on Tuesday, 24 March 2015. Successful participants will be notified of their allocations by close of business on 27 March 2015.



Subject to approval by the JSE Ltd. ("JSE"), listing and trading of the Bookbuild Shares are expected to commence at 09h00 on 2 April 2015.



Delta would like to thank all applicants that submitted bids and participated in the Bookbuild.
24-Mar-2015
(Official Notice)
11-Mar-2015
(Official Notice)
Delprop shareholders are referred to Special Resolution Number 3 relating to the provision of direct or indirect financial assistance in terms of Section 45 of the Companies Act, No 71 of 2008 (?the Companies Act?) to related or inter-related companies, which was approved at the annual general meeting of Delprop on 2 October 2014.



Further to the above, Delta shareholders are notified in terms of Section 45(5)(a) of the Companies Act, the board of directors of the company (?the board?) has passed two resolutions on 26 February 2015 (?the board resolutions?) granting financial assistance to:

* the underlying subsidiary companies of Delprop in the form of inter-company loans stemming from the acquisition thereof; and

* Delta International Property Holdings Ltd. (?Delta International?) in the form of the provision of a guarantee. The guarantee was issued by Delta to Standard Bank who in turn had provided a loan to Delta International whilst they finalise their migration to the Stock Exchange of Mauritius and the JSE Ltd. Main Board. The amount of the guarantee, which was issued on 27 February 2015, was R36 million.

(collectively ?the financial assistance?).



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Delta?s net worth as at the date of the board resolutions.



The board further confirms that immediately after providing the financial assistance, the company continues to satisfy the solvency and liquidity test as contemplated in Section 4 of the Companies Act and that the terms and conditions of the financial assistance are fair and reasonable to the company.
09-Mar-2015
(Official Notice)
02-Mar-2015
(Official Notice)
In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 15% from the financial results for the previous corresponding period.



Shareholders are referred to the revised guidance on Delprop's forecast distribution included in an announcement dated 2 July 2014 and are hereby advised that Delprop anticipates that the distribution per share for the year ended 28 February 2015 will be between 15.01% and 16.93% higher than for the year ended 28 February 2014 (?previous comparable period?).



Consequently, the distribution per share for the year ended 28 February 2015 will be between 83.60 cents and 85.0 cents per share, compared to the 72.69 cents per linked unit for the previous comparable period.



The financial results on which this trading statement is based have not been reviewed or reported on by Delprop?s auditors. The financial results for the year ended 28 February 2015 will be published on or about 7 May 2015.
12-Feb-2015
(Official Notice)
Delta shareholders are advised that Delta?s board of directors intend to action the termination clause in its existing asset management agreement with MPI Property Asset Management Proprietary Limited (?MPIPAM?) (?Existing Manco Agreement?). The board is of the view that ongoing differences among the shareholders of MPIPAM are not in the best interest of Delta shareholders. It is anticipated that the termination will be concluded in terms of the provisions of the Existing Manco Agreement, which permits Delta to terminate the Existing Manco Agreement on notice if approved by Delta shareholders and subject to the payment of the relevant termination fee. Such fee is not anticipated to be material to Delta but the actual termination fee payable can only be calculated after the date on which the termination becomes effective.



Delta, simultaneously intends to enter into an asset management agreement (?New Manco Agreement?) with a new asset management company (?New Manco?), the details of which are currently being finalised. The New Manco will comply with the requirements of the Department Of Public Works for purposes of its leases with Delta. It is fundamental that the terms of the New Manco Agreement will be equally favourable to Delta than those contained in the Existing Manco Agreement.



Termination of the Existing Manco Agreement and adoption of the New Manco Agreement are subject to shareholder approval in terms of the JSE Listings Requirements and accordingly, Delta is in the process of preparing a circular, incorporating a notice of general meeting, to provide Delta shareholders with further detail and to convene a general meeting of Delta shareholders to consider and, if deemed acceptable, approve the resolutions required to terminate the Existing Manco Agreement and approve the New Manco Agreement.





Cautionary announcement

In light of the above, Delta shareholders are advised to exercise caution when dealing in the Company?s securities until a further announcement is made.

21-Nov-2014
(Official Notice)
Holders of Delprop linked units ("Linked Unitholders") are referred to the announcement released on SENS on 2 October 2014 wherein Linked Unitholders were advised that the all resolutions required to be passed by Delprop debenture holders and Delprop shareholders to approve the conversion the Company's current linked unit capital structure to an ordinary share structure ("the Resolutions") were passed by the requisite majority of Delprop debenture holders and Delprop shareholders, respectively.



The Resolutions are required to be filed and registered with the Companies Intellectual Property Commission (CIPC) in order for the related and previously announced timetable to take effect. Whilst the Resolutions have been filed, the Company is still awaiting their registration by CIPC. Linked Unitholders are advised that a revised timetable will be released on SENS once the required CIPC registration has taken place.
16-Oct-2014
(Official Notice)
Linked unitholders are advised of the following changes to the board of directors of Delta:

*Mr Karl Schmidt had advised that he would be retiring from the Delta Board and subsequently at the annual general meeting of Delta held on 2 October 2014 he did not stand for re-election. Mr Schmidt retired as an independent non-executive director of Delta with effect from the date of the annual general meeting; and

*Ms Ipeleng Mkhari has resigned as a non-executive director of the Delta Board with immediate effect.



The Delta board wishes to thank both Mr Schmidt and Ms Mkhari for their valuable contributions to Delta.



Linked unitholders are further advised that Delta is currently in the process of finalising suitable independent appointments to the Delta Board.
14-Oct-2014
(Media Comment)
According to Business Day Delta Property Fund delivered double digit growth in distributions for the six months to August, thanks to it gaining more government business and careful cost management. Delta has shifted its portfolio's focus from government tenants to being more diverse, including investing R501 million in an Africa-focused fund.
13-Oct-2014
(C)
Contractual rental income soared to R442.3 million (R219 million). Net operating profit shot up to R337.3 million (R175.8 million). Net attributable loss dropped to R9.7 million (profit of R8.2 million). In addition, headline earnings per linked unit decreased to 38.62cplu (40.66cplu).



Distribution

Linked unitholders are advised that distribution no. 04 of 40.01164 cents per linked unit for the six months ended 31 August 2014



Prospects

The Board's decision to not pursue the tripartite merger earlier this year has been vindicated as it has enabled Delta to act on other opportunities. Some of these have already been realised, such as the stake in Delta International. Other opportunities are continuously explored and in various stages of completion. The stake in Delta International provides unique US dollar based exposure to retail and office sector growth in emerging market economies on the African continent, outside of South Africa, offering diversification and a Rand hedge.



Delta International is the JSE's first property company to directly invest in real estate outside of South Africa and currently offers a unique exposure to Morocco and Mozambique. Delta will continue to operate as a primarily sovereign and parastatal underpinned fund, supplemented by a level of diversification through Delta International and other future initiatives.



The Asset Management team continues to bed down the existing portfolio and extract maximum efficiencies from the assets. The assimilation of the newly internalised property management team has been concluded and is performing in line with expectations. Delta will continue to leverage its excellent empowerment credentials and deal-making abilities to further add to its core portfolio of defensive assets, as well as to secure lease renewals and maintain low vacancies.



The South African property market continues to face challenging conditions, with low economic growth and rising costs. Despite these factors, Delta remains confident that focusing on fundamentals such as maintaining a defensive core portfolio, a long lease expiry profile and by actively managing re-financing and interest rate risks, it is well positioned to achieve double digit distribution growth going forward.



This prospects statement has not been reviewed or reported on by Delta's independent external auditors.
03-Oct-2014
(Official Notice)
Delta linked unitholders are advised that the voting results for the annual general meeting of Delta held at the registered offices of the Company on 2 October 2014. All resolutions, except for ordinary resolution number 8, were passed by the requisite majority of Delta linked unitholders present in person or represented by proxy at the annual general meeting.



In regard to the non-binding advisory vote on the remuneration policy, the Board of Delta have briefed the Nomination and Remuneration Committee to bring further clarity to the Company's Remuneration Policy in line with recommendations received from shareholders and this will be considered by the Board for approval.
02-Oct-2014
(Official Notice)
Holders of Delta linked units ("Linked Unitholders") are referred to the announcement released on SENS on 27 August 2014 wherein Linked Unitholders were advised that the Company posted a circular relating to the conversion the Company's current linked unit capital structure to an ordinary share structure, which will be implemented by:

* the delinking of each Delta ordinary share from a Delta debenture so as to no longer constitute a Delta linked unit;

* the cancellation of each Delta debenture for no consideration;

* the capitalisation of the issue price of each Delta debenture to the stated capital attributable to the ordinary shares issued by the Company from an accounting perspective for purposes of financial reporting in accordance with International Financial Reporting Standards ("IFRS") and the increase of the contributed tax capital of Delta attributable to the ordinary shares issued by Delta by the issue price of each cancelled debenture, as contemplated in section 25BB(8) of the Income Tax Act 58 of 1962; and

* termination of the Delta debenture trust deed, without payment or other compensation to Delta debenture holders, (collectively, "the Transaction") to be effected by way of a scheme of arrangement in terms of section 114(1) (c) of the Companies Act 71 of 2008. Linked Unitholders are advised that, at the Delta debenture holders' general meeting held at the registered offices of the Company , all resolutions required to be passed by Delta debenture holders.
27-Aug-2014
(Official Notice)
27-Aug-2014
(Official Notice)
Further to Delprop's reviewed provisional results for the year ended 28 February 2014, published on SENS on 6 May 2014, the integrated report was posted to linked unitholders today, 27 August 2014. The annual financial statements contain no modifications to the aforementioned published reviewed provisional results.



Annual general meeting

The annual general meeting of linked unitholders of Delprop will be held at 11:00 on Thursday, 2 October 2014, at the company's registered office, Silver Stream Office Park, 10 Muswell Road South, Bryanston, to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.



The record date, in terms of section 59 of the Companies Act, 71 of 2008, for linked unitholders to be recorded on the securities register of Delprop in order to be able to attend, participate and vote at the annual general meeting is Friday, 26 September 2014.



Retirement of director

Mr K Schmidt has advised the company that he will retire as an independent non-executive director of the company at the company's annual general meeting on 2 October 2014.
02-Jul-2014
(Official Notice)
Holders of Delta linked units (Delta Linked Unitholders) are advised that Delta has committed to participate in a private placement to invited investors by Delta International, a company registered in Bermuda with a primary listing on the Bermuda Stock Exchange and a secondary listing on the AltX (the Private Placement). In terms of the Private Placement, Delta will acquire approximately 14 714 628 common shares in Delta International (the Acquisition) at a price per common share of USD2.00 (payable in Rands), resulting in an aggregate purchase consideration of USD29 429 256 or R312 273 830 (three hundred and twelve million two hundred and seventy three thousand eight hundred and thirty Rand) (the Purchase Consideration), calculated at an exchange rate of 10.61 ZAR:USD. The effective date of the acquisition is anticipated to be on or about 14 July 2014 (the Effective Date).



Rationale for the acquisition

The Acquisition offers Delta immediate access to a US Dollar (USD) based investment and Rand hedge, together with a stake in a quality office and retail property portfolio underpinned by long term leases, low vacancies and strong anchor tenants. Delta International offers attractive capital value and income growth potential, as well as a USD based forward yield of 7.8% with significant potential for future growth. Delta has secured USD based debt facilities at interest rates of 4% per annum to fund the Acquisition, resulting in a yield enhancing acquisition within the fund.



Consideration for the acquisition

The Purchase Consideration will be settled through new debt.



Conditions precedent

There are no outstanding conditions precedent in relation to the Acquisition.

25-Jun-2014
(Official Notice)
Having regard to the information set out, the cautionary announcement released on SENS on 25 February 2014 relating to the Proposed Merger is hereby withdrawn.

25-Jun-2014
(Official Notice)
Holders of Delta linked units (Delta Linked Unitholders) are referred to the joint announcement released by the Company on SENS on 25 February 2014 wherein it was announced that Delta, Rebosis Property Fund Limited (Rebosis) and Ascension (collectively, the Parties) had entered into a co-operation agreement in terms of which the Parties would explore a tripartite merger (the Proposed Merger). Delta Linked Unitholders are further referred to the announcement released on SENS on 24 June 2014, wherein it was announced that all discussions pertaining to the Proposed Merger have been concluded by the Parties.



Disposal of Delta?s linked unitholding in Ascension

Delta linked unitholders are advised that Delta has entered into an agreement with Rebosis (the Sale Agreement)in terms of which it was agreed that Delta will sell its entire holding of Ascension units (the Disposal), namely 28 001 628 Ascension A linked units (the AIA units) and 82 575 341 Ascension B linked units (the AIB units) to Rebosis for a cash consideration of R4.76 per AIA unit and R2.61 per AIB unit, being the 30 day volume weighted average price per unit taken prior to signature of the Sale Agreement.



The aggregate cash consideration of R349m (three hundred and forty nine million Rand)(?the Proceeds from the Disposal) is payable to Delta within five business days of the effective date which is anticipated to be on or about 14 July 2014. In accordance with the Sale Agreement, Delta will receive an additional R3m (three million Rand) towards costs incurred by Delta in pursuance of the Proposed Merger.



The Proceeds from the Disposal will be applied by the Company towards the repayment of its existing debt facilities. There are no outstanding conditions precedent to the Sales Agreement.
24-Jun-2014
(Official Notice)
On 25 February 2014, Delta, Rebosis Property Fund Ltd. ("Rebosis") and Ascension Properties Ltd. ("Ascension") announced the conclusion of a cooperation agreement in terms of which they would explore a tripartite merger.



While each of Delta and Rebosis is satisfied with the outcome of their due diligence investigations, they have agreed that a tripartite merger is not currently opportune. Rebosis will continue to consider whether or not to make any general offer to Ascension or its linked unitholders and in the event that an offer is made, Delta has resolved to support Rebosis in any transaction relating to Ascension.



Accordingly, Delta has sold to Rebosis its entire holding of linked units in Ascension, being 28 001 628 Ascension A linked units and 82 575 341 Ascension B linked units, for a consideration of R4.76 per Ascension A linked unit and R2.61 per Ascension B linked unit, payable in cash. Each party to this transaction will announce separately the details relevant to its linked unitholders and, in the meantime, linked unitholders are advised to continue to exercise caution when dealing in their Delta or Rebosis linked units.
04-Jun-2014
(Official Notice)
Having regard to the forecast financial effects of the acquisitions, the cautionary announcements in respect of the Forecasts are hereby withdrawn.
04-Jun-2014
(Official Notice)
Holders of Delta linked units ("Delta Linked Unitholders") are referred to the announcements released on SENS by the company on 26 March 2014 and 22 April 2014 ("Cautionary Announcements") relating to the acquisition of the turnkey development of the letting enterprise and property commonly known as Tembisa Mega Mart and the acquisition of the letting enterprises and properties commonly known as: OMC Durban and the Marine, respectively (collectively, "the Acquisitions").



Forecast financial effects of the Acquisitions

Summarised consolidated forecast in respect of the Acquisitions:

Forecast 12 months ending 28 February 2015 and 29 February 2016 (R's)

*Rental income -- 54 739 299; 108 419 701

*Straight-line rental income accrual -- 2 385 059; 5 820 054

*Total revenue -- 57 124 358; 114 239 755

*Net operating profit before finance charges -- 38 619 637; 74 488 637

*Net operating profit after finance charges -- 24 707 223; 46 663 810

*Net profit after tax -- 2 385 059; 5 820 054

*Distributable earnings attributable to linked unitholders -- 22 322 164; 40 843 757
23-May-2014
(Official Notice)
Linked unitholders of Delta are referred to the announcement released on SENS by the Company, on 26 March 2014 relating to the acquisition of the turnkey development of the letting enterprise and property commonly known as Tembisa Mega Mart (the Acquisition) and are advised to continue to exercise caution, in dealing in their Delta linked units until the financial effects of the Acquisition have been announced.

13-May-2014
(Official Notice)
Linked unitholders of Delta, Rebosis Property Fund ("Rebosis") and Ascension Properties Ltd. ("Ascension") (collectively "the Parties") are referred to the joint cautionary announcement released on SENS on 25 February 2014 relating to the conclusion of a co-operation agreement between the Parties and are advised to continue to exercise caution in dealing in their linked units until a further announcement is made.
06-May-2014
(C)
Contractual rental income for the year soared to R594.2 million (2013: R116.9 million). Net operating profit climbed to R466.7 million (2013: R100.6 million), while profit for the year came in at R384.7 million (2013: loss of R17.3 million). Furthermore, headline profit per linked unit turned around to 106 cents per linked unit (2013: loss of 26.70 cents per linked unit).



Debenture interest distribution

Linked unitholders are advised that debenture interest distribution number three of 40.18 cents per linked unit for the six months ended 28 February 2014.



Prospects

Notwithstanding the Proposed Merger, management continues with its strategy to grow the portfolio with yield enhancing assets, its international real estate strategy, while still optimising the existing portfolio. Delta continues to be well positioned for the acquisition of future government, parastatal and BEE sensitive tenanted buildings, due to its empowerment credentials. This is evident in the renewals of 25% of the leases in the existing portfolio.



The South African property market, especially in office space, is expected to remain challenging in 2014. However the Delta Board believes that due to the portfolio's positioning, with the sovereign underpin and long lease expiry profile, it is largely shielded from many of the expected challenges. Increasing operating costs remain a risk, specifically municipal expenses. Delta anticipates double digit growth in the distribution per linked unit for the year ending 28 February 2015 should current economic conditions prevail. This has been based on the Group's budgets for the year ended 28 February 2015, taking into account that the majority of the Group's income is contractual rental income, as well as the fact that 52% of borrowings post year end have been fixed. Delta's application for REIT status was approved by the JSE with effect from the commencement of its next financial year, being 01-March 2014.
23-Apr-2014
(Media Comment)
Business Day reported that Delta Property Fund will spend nearly half a billion rand for two office buildings in Durban: the Old Mutual Centre and The Marine from Old Mutual Life Assurance Company. Office buildings are becoming increasingly available for sale as vacancies are high in SA's struggling economy. This creates opportunities for listed property companies on the prowl for assets. Delta chief operations officer and chief financial officer Bronwyn Corbett said the deal was a big coup for the company given the 11% yield on each property.
22-Apr-2014
(Official Notice)
Delta Linked Unitholders are advised to exercise caution in dealing in their linked units until the financial effects of the Acquisitions are announced.
22-Apr-2014
(Official Notice)
26-Mar-2014
(Official Notice)
26-Mar-2014
(Official Notice)
Delta linked unitholders are advised to exercise caution in dealing in their linked units until the financial effects of the acquisition are announced.
25-Feb-2014
(Official Notice)
The boards of Ascension, Delprop and Rebosis (collectively, "the Parties") are pleased to announce that the Parties have concluded a written co- operation agreement in terms of which each party undertakes to the other a duty of utmost good faith in co-operating to explore a tripartite merger of the Parties ("the Proposed Merger").



Rationale for the Proposed Merger

The rationale for the Proposed Merger includes, inter alia, the following:

* capital available to smaller market capitalisation REITs is increasingly constrained, driving consolidation and corporate activity in order to best serve the interests of the REITs linked unitholders and tenants;

* the values of the property portfolio and market capitalisation of the merged entity are anticipated to be in excess of R16.5 billion and R9.5 billion, respectively ,and accordingly the Proposed Merger will establish the largest listed black economic empowerment property fund on the JSE Ltd.;

* the growth aspirations of each of the Parties will be fast tracked as strategic platforms are consolidated;

* the merged entity is expected to attract interest from a wider group of investors thereby increasing the liquidity of the merged entity and may accordingly result in a re*rating of the merged entity; and

* the Proposed Merger is expected to position the merged entity to make further yield enhancing acquisitions and its increased size should provide the merged entity with greater access to debt and capital markets at competitive rates and generally to have a lower cost base, thereby improving the prospects of the merged entity.



Swap ratio and legal structure

The swap ratio and legal structure of the Proposed Merger will be determined and agreed by the respective independent boards of the Parties post:

* the satisfactory conclusion by each of the Parties of a due diligence investigation on each of the other Parties; and

* the independent valuation of each of the Parties' property portfolios, and will be announced in due course.



Board composition

The proposed board of the merged entity is in the process of being finalised and will be announced in due course.



Cautionary

Linked unitholders of Ascension, Delprop and Rebosis are advised to continue to exercise caution when dealing in their linked units until further announcements have been made.
14-Feb-2014
(Official Notice)
Although the financial effects of the Acquisition have now been published, Delprop's Linked Unitholders are referred to the announcement released on SENS on 7 February 2014 and are advised to continue to exercise caution when dealing in their Delprop linked units until further announcements are made.
14-Feb-2014
(Official Notice)
Holders of Delprop linked units are referred to the announcement released on SENS on 5 February 2014 in respect of the acquisition by Delprop of Ascension "A" linked units and Ascension "B" linked units from various institutional investors including ,inter alia, Capital Property Fund, Momentum Asset Management (Pty) Ltd. and Grindrod Asset Management (Pty) Ltd., (for an aggregate consideration of c.R397 million (three hundred and ninety seven million Rand), which was settled through a combination of debt funding and the issue of additional Delprop linked units("the Acquisition").



Financial effects of the Acquisition

The forecast financial effects of the Acquisition ("Forecasts"), including the assumptions on which they are based and the financial information from which they are prepared, are the responsibility of the board of directors of Delprop. The Forecasts have not been reviewed or reported on by the independent reporting accountants. Two weeks ending 28 Feb14 - 12 months ending 28 Feb 2015 R'000:

* Additional income: 14 141 - 31 222

* Additional expenses: 1 089 - 26 379

* Distributable earnings attributable to Delprop Linked Unitholders: 13 052 - 4 843.
07-Feb-2014
(Official Notice)
Delprop and Rebosis are in discussions regarding their respective strategies and unitholder interests generally and with regard to Ascension, pending the outcome of which their unitholders are advised to exercise caution in dealing in their linked units.
05-Feb-2014
(Official Notice)
Holders of Delprop linked units ("Delprop Linked Unitholders") are advised that Delprop has concluded a series of agreements to acquire 38 885 046 (thirty eight million, eight hundred and eighty five thousand, and forty six) Ascension "A" linked units and 82 724 141 (eighty two million, seven hundred and twenty four thousand, one hundred and forty one) Ascension "B" linked units from various institutional investors ("Institutional Investors")(the "Acquisition"), for an aggregate consideration of c.R397 million (three hundred and ninety seven million Rand) (the "Purchase Consideration"), which will be settled through a combination of debt funding ("Cash Component") and the issue of additional Delprop linked units ("Consideration Units").



The Acquisition will be subject to, inter alia, the fulfilment of the following conditions by no later than 31 March 2014:

*Delprop providing guarantees to the Institutional Investors by no later than Friday, 7 February 2014 in relation to the Cash Component of the Purchase Consideration; and

*such regulatory and other approvals as may be required being unconditionally obtained, including approval from the JSE Ltd. ("the JSE") for the issue of the Consideration Units;



The Acquisition provides Delprop with a strategic stake in Ascension and supports Delprop's aim to ultimately acquire 100% of the issued share capital of Ascension ("Delprop's Stated Objective").



This announcement is a voluntary announcement in terms of the JSE Listing Requirements and accordingly financial effects of the Acquisition have not been disclosed.



Letters of support

Delprop Linked Unitholders are further advised that Delprop has received letters of support from certain institutional investors, who hold c.23.65% in aggregate of the total number of Ascension linked units in issue, to support Delprop either by way of a proposed scheme of arrangement in terms of section 114 of the Companies Act 71 of 2008, or any other transaction structure which supports Delprop's Stated Objective.
04-Feb-2014
(Official Notice)
Holders of Delta linked units ("Delta Linked Unitholders") are advised that Delta has entered into an agreement, dated 28 January 2014 ("the Agreement"), with certain of the shareholders of the Ascension Manco ("Manco Shareholders") holding a significant majority of the issued share capital of the Ascension Manco for an aggregate cash purchase consideration of R76 944 000 (seventy-six million nine hundred and forty-four thousand Rand) ("the Manco Acquisition"), thereby valuing Ascension Manco at R105 million (one hundred and five million Rand).



Concurrent sale of the Ascension Manco to Rebosis Property Fund Ltd. ("Rebosis")

Delta Linked Unitholders are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. on 3 February 2014 in terms of which it was announced that Rebosis has unconditionally acquired and taken delivery of all of the issued shares in the Ascension Manco for an aggregate purchase consideration of R150 million (one hundred and fifty million Rand) ("the Rebosis Offer").



Delta hereby wishes to draw the attention of Delta Linked Unitholders to the fact that Shaun Rai and his affiliates, who collectively own 73.28% of the issued share capital of the Ascension Manco, have undertaken in terms of the Agreement not to negotiate, discuss, dispose of, transfer or encumber their shareholding in Ascension until 7 February 2014.



Delta Linked Unitholders are further referred to provisions of the Agreement in terms of which Delta is entitled to receive a break fee of R10 million (ten million Rand)("the Break Fee") should Shaun Rai and his affiliates elect not to enter into the "Sale of the B Linked Units Agreement", in terms of which Shaun Rai and his affiliates would sell 109 363 661 Ascension "B" linked units ("AIB Linked Units")or c.29.06% of the AIB Linked Units in issue at a price of R2.75 per AIB Linked Unit to Delta.



Pursuant to the Rebosis Offer, Delta has received legal advice which states that the Agreement is valid and enforceable against Shaun Rai and his affiliates as signatories to the Agreement. Furthermore, the Break Fee will be due and payable to Delta should Shaun Rai not conclude the Sale of the B Linked Units Agreement. Delta is considering their options in regard to their legal position and will update Delta Linked Unitholders in due course.
09-Dec-2013
(Official Notice)
Delta linked unitholders ("Linked Unitholders") are referred to the announcement released on SENS on Monday, 11 November 2013 ("announcement") wherein Linked Unitholders were advised that the Company had concluded agreements for the acquisitions of property letting enterprises together with their related immovable properties from various vendors.



Linked Unitholders are further advised that the Company has, pursuant to a vendor consideration placing ("private placement"), successfully raised a total of R227.5 million through the issue of 25 853 907 new linked units ("private placement units") at an issue price of R8.80 per linked unit to partially settle the purchase considerations for certain of the acquisitions mentioned in the announcement. The balance of the purchase considerations of the acquisitions have been funded through third party debt and acquisition issues.



The private placement units issued commence trading on the JSE with effect from Monday, 9 December 2013 and rank pari passu with existing Delta linked units in issue. Following the private placement, Delta will have 392 116 145 linked units in issue.
08-Nov-2013
(Official Notice)
29-Oct-2013
(C)
Delprop's maiden interim results as a listed entity showed contractual rental income of R219 million. Net attributable profit amounted to R8.2 million. In addition, headline earnings per linked unit came in at 40.66cplu.



Distribution

An interim ordinary debenture interest distribution of 32.51cplu has been declared.



Outlook

Due to its positioning, the portfolio has performed well over the past six months. The board expects similar performance to ensue in the second half of the year and it is anticipated that the forecast year end distribution per linked unit will be achieved. Delprop will continue to focus on strategy of growing the Fund with yield-enhancing assets without compromising on quality. A key focus area of the executive management is to bed down all new acquisitions to ensure the optimal performance of the portfolio.



In the interim reporting period Delta became a constituent of the FTSE-JSE SA listed property index which will continue to create liquidity for the Fund. Delprop's application for REIT status was approved by the JSE with effect from the commencement of its next financial year, being 1 March 2014. Delprop's empowerment credentials position Delprop well for the acquisition of future government tenanted buildings. Delprop has successfully renewed major government leases at prevailing rates in the interim period.
22-Oct-2013
(Official Notice)
Shareholders are advised that Delta Property Fund will be hosting an investors and analysts site visit to its Polokwane properties today, 22 October 2013. The presentation in support of this site visit will be available on the Company's website, www.deltafund.co.za. Shareholders are reminded that Delta's interim results for the 6 months ended 31 August 2013 will be released on or about Tuesday, 29 October 2013.

30-Sep-2013
(Official Notice)
Delprop unitholders are advised that, at the annual general meeting of Delprop held at the registered offices of the Company today, 30 September 2013, where 81.53% of unitholders were represented, all the resolutions were passed by the requisite majority of shareholders present or represented by proxy, except for Ordinary Resolution Number 13 (authority to issue linked units for cash) which was withdrawn prior to the commencement of the annual general meeting.



In addition, the directors of Delprop have undertaken to limit Ordinary Resolution Number 12 relating to placing the authorised but unissued linked units under the control of the directors to 20% of the number of linked units in issue and further will not issue any linked units under this authority at more than a maximum discount of 5% to the volume weighted average price per linked unit at the time of such issue.
26-Aug-2013
(Official Notice)
Further to Delta's reviewed provisional results for the year ended 28 February 2013, published on SENS on 6 May 2013, the integrated report was posted to linked unitholders today. The annual financial statements contain no modifications to the aforementioned published reviewed provisional results.



Annual general meeting

The annual general meeting of linked unitholders of Delta will be held at 10:00 on Monday, 30 September 2013, at the company's registered office, Silver Stream Office Park, 10 Muswell Road South, Bryanston, to transact the business as stated in the notice of the annual general meeting forming part of the integrated report.



The record date, in terms of section 59 of the Companies Act, 71 of 2008, for linked unitholders to be recorded on the securities register of Delta in order to be able to attend, participate and vote at the annual general meeting is Friday, 20 September 2013. This record date supersedes the record date as set out in the notice of the annual general meeting forming part of the integrated report.
23-Aug-2013
(Official Notice)
Delta linked unitholders are advised that Delta has entered into a sale and subscription agreement with Atterbury Investment Holdings Limited (AIH) to acquire the entire issued share capital of Atterbury Parkdev Consortium Ptry Ltd (sold shares) (the acquisition), which is the owner of the property and letting enterprise commonly known as "Harlequins Office Park", situated at 606 Toitus Street, Groenkloof, Pretoria (?the property). The effective date of the acquisition was 1 July 2013, on which date all income attributable to the property accrued to Delta.



Rationale for the acquisition

In line with Delta's strategy of actively pursuing investment opportunities that will enhance the overall quality and value of its portfolio, the acquisition represents an attractive investment to Delta linked unitholders by introducing a well-established property with low risk tenants. Included in the acquisition of the property, there is additional available bulk adjacent to the building for future development.



Consideration for the acquisition

The purchase consideration for the acquisition is R136 000 000 (one hundred and thirty six million Rand), which will be settled with a combination of cash and shares as set out below:

*R95 200 000 will be settled in cash through new debt facilities and existing equity; and

*R40 800 000 will be settled by the issue of 4 883 469 Delta linked units (the consideration units).

The consideration units will be allotted and issued to AIH as settlement for the sold shares by no later than Wednesday, 28 August 2013.



Conditions precedent

All of the conditions precedent to the acquisition have been fulfilled.



08-Aug-2013
(Media Comment)
Business Day reported that Delprop received a "strong" first-time credit rating from Global Credit Rating ("CGR"), reflecting the fund's high quality and long-dated leases with government departments and parastatals. Delprop was awarded investment grade ratings of BBB+(ZA) and A2(ZA) with a stable outlook.
05-Aug-2013
(Official Notice)
Unitholders are advised that the Company's application to the JSE for Real Estate Investment Trust (REIT) status has been approved by the JSE. Accordingly, Delta will qualify as a REIT with effect from the commencement of its next financial year, being 1 March 2014.

31-Jul-2013
(Official Notice)
Delprop linked unitholders were advised that Delta ("the Purchaser"), has entered into an agreement with the owners of Phamog Properties (Pty) Ltd. ("Phamog") for the purchase of the entire issued share capital of Phamog ("the Acquisition"). Phamog is the owner of the following property and letting enterprises commonly known as:

*"Phamoko Towers", situated at 37 Church Street, Polokwane, Limpopo; and

*"Temo Towers", situated at 67 Biccard Street, Polokwane, Limpopo;

(collectively "the Properties")



Pursuant to the Acquisition, the Properties will be transferred to Delprop.



The effective date of the Acquisition will be the date of fulfilment of the conditions precedent as set out below, which is expected to be on or about 1 September 2013.



Rationale for the Acquisition

In line with Delprop's strategy, the Acquisition, comprising well-established A grade properties with low risk tenants, represents attractive investments that will enhance the overall quality and value of Delprop's property portfolio.



Consideration for the Acquisition

The total purchase consideration for the Acquisition is R377 500 000 (three hundred and seventy seven million five hundred thousand Rand) ("the Purchase Price").

The Purchase Price is based on the following underlying property prices:

*Phamoko Towers - R241 750 000 (two hundred and forty one million seven hundred and fifty thousand Rand); and

*Temo Towers - R135 750 000 (one hundred and thirty five million seven hundred and fifty thousand Rand)



The Purchase Price excludes costs in the amount of R12 148 805 (twelve million one hundred and forty eight thousand, eight hundred and five Rand).



The Purchase Price will be settled in cash upon transfer of the entire share capital of Phamog into the name of Delprop, and will be financed through a combination of debt financing and existing equity.



Conditions precedent

The Acquisition is subject to, inter alia, the fulfilment or waiver of the following suspensive condition:

*Delta providing written confirmation of a letter of finance and or confirmation that it has arranged for sufficient equity on such terms and conditions as are acceptable to the respective vendors.



Unaudited pro forma financial effects of the Acquisition

The unaudited pro forma financial effects of the Acquisition on net asset value and net tangible asset value per unit have not been disclosed as they are not significant.
06-Jun-2013
(Official Notice)
Delta linked unitholders are advised that Delta ("the purchaser") has entered into an agreement with Schaeffer Technologies Trust for the purchase of the property and letting enterprise commonly known as "SARS Bellville" (the property), situated at the corner of Teddington and De Lange Road, Bellville, Cape Town, Western Cape (the acquisition). The property is a multi- tenanted office building occupied primarily by the South African Revenue Services (SARS). The effective date of the acquisition will be the date of registration of transfer of the property into the name of Delta, which is expected to be 1 July 2013.



Rationale for the acquisition

In line with Delta's strategy around SARS, this acquisition, being a well-established property with a low risk tenant, represents an attractive investment that will enhance the overall quality and value of the portfolio. There is currently a negotiated three year letter of intent in place with SARS which Delta intends to convert to a lease once transfer has taken place.



Consideration for the acquisition

The purchase consideration for the acquisition is R185 000 000 (one hundred and eighty five million Rand) ("the purchase price"). The purchase price will be settled in cash upon registration of transfer of the property into the name of Delta, and will be financed through a combination of debt financing and existing equity.



Conditions precedent

The acquisition is subject to the purchaser being satisfied in its sole discretion with the results of a comprehensive due diligence of the acquisition.
06-May-2013
(Official Notice)
Delta linked unitholders are referred to the R1 billion renounceable rights offer that closed on Friday, 3 May 2013 and are advised that the rights offer was 101.3% subscribed. Delta linked unitholders or their renouncees subscribed for 108 216 124 linked units in terms of their existing linked unitholdings and 12 410 820 linked units in terms of excess applications, comprising 90.9% and 10.4% of the 119 047 599 Delta linked units offered in terms of the rights offer, respectively.



On Monday, 6 May 2013, linked unit certificates will be posted to certificated linked unitholders who followed their rights and the CSDP or broker accounts of dematerialised linked unitholders, or their renouncees, who followed their rights will be debited and updated.



On Wednesday, 8 May 2013, linked unit certificates and refund cheques will be posted to certificated linked unitholders in respect of successful and unsuccessful excess applications, respectively. In addition, the CSDP or broker accounts of dematerialised linked unitholders who have applied for excess applications will be debited and updated according to the excess applications allocated to them.
06-May-2013
(C)
Delprop's maiden final results as a listed entity showed contractual rental income of R116.9 million and revenue of R139.9 million. A net loss of R17.3 million was made. In addition, the headline/diluted headline loss per linked unit amounted to 26.70cplu.



Distribution

A maiden debenture interest distribution of 23.69cplu has been declared.



Outlook

As per the revised listing particulars that were published on 8 April 2013, Delta currently forecast a distribution per linked unit for the year ending 28 February 2014 of 72.50cpu and 86.85c for the year ending 28 February 2015, representing a 20% year on year increase. These forecasts are the responsibility of the board of directors of Delta and have been reviewed by the independent reporting accountants.



The board remains confident of the sustainability of government leases and the company's empowerment credentials which position Delta well for future acquisition of government tenanted buildings. The company continues to consider high quality assets and remains on track to meet its forecast fund size of R7 billion.
08-Apr-2013
(Official Notice)
Further to the finalisation announcement released on SENS on 27 March 2013, Delta linked unitholders are advised that the circular relating to the renounceable rights offer of 119 047 599 new Delta linked units at an issue price of 840 cents per linked unit ("the Circular") has been made available on Delta's website, www.deltafund.co.za, on 8 April 2013. The Circular will be posted to Delta linked unitholders on Monday, 15 April 2013.
04-Apr-2013
(Official Notice)
Delprop linked unitholders were advised that the following resolutions, that were proposed at the general meeting of Delprop held at the registered offices of Delprop today ("the General Meeting"), were passed by the requisite majority of the Delprop linked unitholders present and represented by proxy:

*the ordinary resolutions relating to the proposed acquisition by Delprop of four properties from Manaka Property Investments (Pty) Ltd.; and

*the special resolution relating to the issue by Delprop of up to 119 047 619 letters of allocations and ordinary shares in terms of the proposed rights offer by Delprop to raise up to R1 billion.



Linked unitholders were advised that 83.47% of the issued linked unit capital was represented at the General Meeting, and that 100% of those represented at the General Meeting voted in favour of the abovementioned resolutions.
27-Mar-2013
(Official Notice)
25-Mar-2013
(Official Notice)
Delta linked unitholders (Linked Unitholders) are referred to the announcement released on SENS on Friday, 25 January 2013 wherein Linked Unitholders were advised that the Company had concluded agreements for the acquisitions of property letting enterprises together with their related immovable properties from various vendors. Linked Unitholders are further advised that the Company has, pursuant to a vendor consideration placing (the Vendor Placement), successfully raised a total of R382 million through the issue of 45,476,878 new linked units ("Vendor Consideration Units") at an issue price of R8.40 per linked unit to partially settle the purchase considerations for the acquisitions of the entire issued share capital of Hendisa Investments Proprietary Limited ("the Hendisa Acquisition") and the property letting enterprises in respect of the properties commonly known as the 539 Church Street building (539 Church Street Building) and the Bestmed building (the Bestmed Building) (collectively, The Vendor Placement Acquisitions). The balance of the purchase considerations of the Vendor Placement Acquisitions have been funded through third party debt. These Vendor Placement Acquisitions have now been completed.



The Vendor Consideration Units issued in respect of the 539 Church Street Building and the Hendisa Acquisition commenced trading on the JSE with effect from Friday, 15 March 2013. The Vendor Consideration Units issued in respect of the Bestmed Building commenced trading on the JSE with effect from Friday, 22 March 2013. The Vendor Consideration Units rank pari passu with existing Delta linked units in issue. Following the Vendor Placement, Delta will have 235,152,547 linked units in issue.
19-Mar-2013
(Official Notice)
Linked unitholders were referred to the declaration announcement relating to Delta's proposed rights offer, released on SENS on Thursday, 28 February 2013 in which it was announced that the finalisation announcement would be released on SENS on Tuesday, 19 March 2013.



Unitholders were now advised that the dates and times released in the aforementioned declaration announcement have been changed and the revised dates and time will be released in the finalisation announcement expected to be released on SENS on Wednesday, 27 March 2013.



Unitholders were further reminded that pursuant to the announcement released on SENS on 11 March 2013, the general meeting relating to the category 1 acquisition of the Manaka property portfolio and the special resolution authorising the company to issue in excess of 30% of its issued linked unit capital pursuant to the rights offer with be held at the registered offices of Delprop (Motseng House, 204 Rivonia Road, Morningside, 2199) at 10:00 on Thursday, 4 April 2013.
14-Mar-2013
(Official Notice)
Delprop linked unitholders were advised that the company has, pursuant to a private placing, successfully raised a total of R207.8 million through the issue of 24 740 304 new linked units ("Private Placement Units") at an issue price of R8.40 per linked unit to selected institutional investors ("the Private Placement"). The Private Placement Units were issued by Delprop, under its existing general authority to issue linked units for cash, at no discount to the 30 day volume weighted average traded price per Delprop linked unit measured over the 30 trading days prior to the date that the price of the Private Placement Units were agreed to by Delprop and the investors subscribing for the Private Placement Units. Delprop announced that the Private Placement was significantly oversubscribed.



The Private Placement Units were issued and commenced trading on the JSE with effect from Wednesday, 06 March 2013 and rank pari passu with existing Delprop linked units in issue.



Rationale

It was announced on the Stock Exchange News Service ("SENS") of the JSE Ltd. ("JSE") on 25 January 2013 and 19 February 2013, respectively, that Delprop had entered into agreements with various vendors to acquire rental enterprises in respect of an additional 25 properties ("the Proposed Acquisitions"). The proceeds from the Private Placement will be utilised by Delprop to partially settle the purchase considerations of the rental enterprises in respect of the properties commonly known as the Bestmed building, the Anchor House building, the In 2 Fruit building, the Protea Coin portfolio and the Unisa House building (the "Private Placement Acquisitions"). The balance of the purchase considerations of the Proposed Acquisitions will be funded through third party bank debt, vendor placements and the proceeds from the rights offer that was announced on SENS on Thursday, 28 February 2013.



Financial effects on Delta

Unadjusted before and pro forma after the Private Placement and the Private Placement Acquisitions

*Distribution per unit (cents) -- 78.78 ; 79.48

*Earnings per linked unit (cents) -- 92.58 ; 94.46

*Headline earnings per linked unit (cents) -- 92.58 ; 94.46

*NAV per linked unit ( cents) -- 771.28 ; 771.64

*Tangible NAV per linked unit (cents) -- 771.28 ; 771.64

*Units in issue ('000) -- 164 935 ; 189 676
11-Mar-2013
(Official Notice)
Holders of Delta linked units are referred to the circular posted on 28 February 2013 relating to the proposed acquisition by Delta of four properties from Manaka Property Investments (Pty) Ltd., being a category 1 transaction in terms of the listings requirements of the JSE Ltd. ("the JSE") and incorporating a notice convening a general meeting of Delta Linked Unitholders ("the General Meeting") ("the Manaka Circular").



Further, as announced on SENS on 28 February 2013, Delta wished to undertake a renounceable rights offer to Delta Linked Unitholders of up to 119 047 619 linked units, to raise up to R1 billion of capital to partially fund the proposed acquisitions as was announced on SENS on 25 January 2013 and 19 February 2013, respectively and to create a platform from which Delta can fund future acquisitions ("the Rights Offer"). If all the linked units which are issuable in terms of the Rights Offer ("Rights Offer Units") are issued, the voting power of the ordinary no par value shares of which the Rights Offer Units are comprised will exceed 30% of the voting power of all Delta ordinary shares currently in issue. Accordingly, the issue of the Rights Offer Units and letters of allocation in respect of the Rights Offer Units requires approval of Delta Linked Unitholders by way of a special resolution (the "Special Resolution").



A revised notice and proxy form, was posted to Delta Link Unitholders on 9 March 2013, setting out the revised salient dates and times as follows:

* Record date for the purpose of determining which shareholders are entitled to participate in and vote at the general meeting shall be on Friday, 22 March

* Form of proxy must be lodged with the transfer secretaries by no later than on Tuesday, 2 April

* General meeting will be held on Thursday, 4 April



Save for the inclusion of the additional Special Resolution, approving of the issue of the letters of allocation and Rights Offer Linked Units to give effect to the Rights Offer, and the revised timelines relating to the General Meeting, the Manaka Circular remains identical in all respects.
28-Feb-2013
(Official Notice)
28-Feb-2013
(Official Notice)
Further to the announcement released on the SENS of the JSE on 25 January 2013, Delta wishes to advise linked unitholders that the circular containing details of the proposed acquisition of four properties from Manaka Property Investments Pty Ltd, which constitutes a category 1 transaction, and the notice of general meeting has been posted to Delta linked unitholders today. Linked unitholders are further advised that the circular is available on the company's website www.deltafund.co.za.
19-Feb-2013
(Official Notice)
07-Feb-2013
(Official Notice)
Delprop linked unitholders were 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 Delprop linked units.
07-Feb-2013
(Official Notice)
25-Jan-2013
(Official Notice)
The unaudited pro forma financial effects of the Acquisitions ("Financial Effects"), as required in terms of the JSE Listings Requirements, are in the process of being finalised and have not been disclosed in this announcement. Delprop linked unitholders are therefore advised to exercise caution when dealing in their linked units until the Financial Effects of the Acquisitions have been announced.
25-Jan-2013
(Official Notice)
Linked unitholders are advised that Delprop has concluded agreements for the acquisitions of property letting enterprises ("the Acquisitions") together with their related immovable properties ("the Properties") from various vendors ("the Vendors").



Effective date of the Acquisitions

The effective date ("the Effective Date") of the Acquisitions will be the date on which transfer of the Properties takes place, other than in respect of Hendisa, in which case the effective date will be on fulfilment of the conditions precedent as set out below, which are expected to be on or about 31 March 2013.



Consideration for the Acquisitions

The total purchase consideration payable by Delprop in respect of the Acquisitions is R1 713 058 546 (one billion seven hundred and thirteen million fifty eight thousand five hundred and forty six rand) ("the Purchase Price"). The Purchase Price will be settled in cash upon registration of transfer of each property into the name of Delta, and will be financed through a combination of debt financing and equity to be raised from new and/or existing linked unitholders.



Conditions precedent

The Acquisitions are subject to, inter alia, the fulfilment or waiver of the following suspensive conditions:

* The completion by Delprop of a due diligence investigation of the Properties, to the extent required.

* The boards of directors and shareholders of the Vendors approving the Acquisitions, to the extent required.

* The counterparties to the lease agreements in respect of the Properties consenting in writing to the assignment of all of the Vendors' rights and obligations under the leases to Delprop.

* JSE approval of the Acquisitions (to the extent required) and Competition Commission approval (to the extent required).

* Delprop shareholder approval to the extent required.

* Delprop providing written confirmation of a letter of finance and or confirmation that it has arranged for sufficient equity on such terms and conditions as are acceptable to the Vendors.

* Approval of the Acquisitions by the Company's board of directors.
28-Jun-2018
(X)
Delta is a JSE listed Real Estate Investment Trust (REIT) with a property portfolio of R11.5 billion and a market capitalisation of R4.3 billion as at 28 February 2018. The Fund is black managed and is one of the highest empowered funds in the sector with a level 2 contributor B-BBEE recognition level, maintaining its status as the dominant sovereign listed property fund in South Africa. The primary focus of the Fund is long-term investment in quality, rental income-generating properties situated in strategic nodes attractive to sovereign entities and other tenants requiring empowered landlords.


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