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06-Dec-2017
(Official Notice)
The Board of Directors of the Company advised shareholders that Questco Corporate Advisory (Pty) Ltd. (?Questco?) has been appointed as the Company?s Sponsor, with effect from 1 January 2018.
01-Dec-2017
(Official Notice)
Ernst - Young (?EY?) has been appointed as the auditors with effect from 23 November 2017. The change of audit firm was initiated by Emira and was in terms of its auditor rotation policy.
24-Nov-2017
(Official Notice)
At the 3rd annual general meeting ("AGM") of the shareholders of Emira held on 23 November 2017, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes save for:

*"Special Resolution 3: Financial assistance for subscription of securities"; and

*"Special Resolution 4: Financial assistance to directors and/or related and inter-related entities".



It is confirmed that Ernst - Young were appointed as Emira?s external auditors as at 23 November 2017.

17-Nov-2017
(Official Notice)
Shareholders are advised that the 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.



31-Oct-2017
(Official Notice)
24-Oct-2017
(Official Notice)
Further to the announcement released on the Stock Exchange News Service (?SENS?) on 22 September 2017, shareholders and bondholders are advised that Ernst - Young Incorporated have accepted the appointment as the Company?s external auditors, subject to shareholder approval at Emira?s upcoming annual general meeting (?AGM?) to be held on 23 November 2017. A further announcement confirming the voting outcome in respect of all resolutions proposed at the AGM, will be released on SENS on or about 23 November 2017.
29-Sep-2017
(Official Notice)
With regard to the audited results for the year ended 30 June 2017, shareholders are advised that the annual financial statements are available on the Company?s website www.emira.co.za and will be distributed to shareholders. The annual financial statements contain no material modifications to the reviewed results which were released on the Stock Exchange News Service on 16 August 2017.



Notice of the Annual General Meeting

Notice was given that the third annual general meeting of shareholders will be held at 14h00 on Thursday, 23 November 2017 at 1st Floor, Block A, Knightsbridge, 33 Sloane Street, Bryanston, Gauteng to transact the business as stated in the notice of annual general meeting forming part of the annual financial statements.



Salient Dates

The notice of the Company?s annual general meeting has been sent to shareholders who were recorded as such in the Company?s securities register on Friday, 22 September 2017, being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting. The record date for shareholders to be recorded in the securities register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 17 November 2017.



Accordingly, the last day to trade in the Company?s shares in order to be recorded in the securities register of the Company is Tuesday, 14 November 2017. Proxy forms must be lodged for administrative purposes by no later than 10h00 on Tuesday, 21 November 2017. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to such proxy exercising his/her right to vote at the annual general meeting.
29-Sep-2017
(Official Notice)
Emira advised bondholders that the annual report for the year ended 30 June 2017 is available for inspection at the registered office of the Issuer. The annual report has also been made available on Emira?s website at www.emira.co.za/integrated-report.
22-Sep-2017
(Official Notice)
In accordance with the company?s policy on audit firm rotation, whereby every five years the audit committee will formally assess the rotation of the independent auditors, the board of directors of the company has made a decision to propose that shareholders consider and approve, at the annual general meeting (?AGM?) to be held on 23 November 2017, the appointment of new independent auditors for the Group.



The audit committee performed an informal tender process during July 2017, which encompassed an evaluation of six audit firms. Having considered all relevant factors in relation to the evaluation process, the committee made a recommendation to the board to propose the appointment of new auditors as the company?s independent external auditor for the 2018 financial year. The new auditors will be announced once they have formally confirmed their acceptance of the proposal and their appointment will be effective once approved by shareholders at the AGM on 23 November 2017.



PricewaterhouseCoopers Inc. has served for an extended period as the company?s external auditor, and has executed these responsibilities with diligence and distinction. PricewaterhouseCoopers Inc. will continue to carry out their duties until such time that the shareholders approve the appointment of the newly proposed auditors. The Emira board would like to thank PricewaterhouseCoopers Inc. for their much appreciated service over many years.
16-Aug-2017
(Official Notice)
Further to the results announcement that was released on SENS on 16 August 2017, it is confirmed that the company?s headline earnings per share and diluted headline earnings per share that were disclosed for the comparative period, being the year ended 30 June 2016, was incorrect.



The correct per share information for the comparative period, being the year ended 30 June 2016, is as follows:

*Headline earnings per share (cents) - 164,75

*Diluted headline earnings per share (cents) - 164,75
16-Aug-2017
(C)
Revenue for the year lowered to R1.7 billion (R1.8 billion). Operating profit took a knock to R972.662 million (R1.1 billion). Profit attributable to Emira shareholders was higher at R712.2 million (R640.1 million). In addition, headline earnings per share decreased to 101.10 cents per share (164.75 cents per share).



Dividend distribution declaration

The Board has approved and notice is hereby given that a gross final dividend of 74.25 cents per share has been declared (75.76 cents), payable to the registered shareholders of Emira on 11 September 2017.



Prospects

Domestic growth prospects have deteriorated further with South Africa recording two successive quarters of negative GDP growth. With the current political uncertainty and lack of clear policy, the operating environment is expected to remain subdued. The continued pressure on tenants, together with the over-supply of commercial office space, will likely continue to have a negative impact on rental growth.



While the environment is challenging, Emira is committed to delivering shareholder value as well as income and capital growth. The Fund has clearly defined its strategy to responsibly rebalance the portfolio and it is making good progress in this regard to ensure it is better equipped for future growth. Furthermore, the Fund has decided to strategically increase its offshore exposure and further announcements in this regard will be made in the near future.



The filling of vacancies in the portfolio and retaining tenants remains a top priority. With an increased focus on new letting, tenant retention and the effective utilisation of proceeds from the disposal of non-core assets together with a more stable local economic outlook, the growth in distributable income per share for 2018 is anticipated to be positive.
28-Jun-2017
(Official Notice)
Further to the announcement released on SENS on 23 May 2017 and the Circular distributed to shareholders on 29 May 2017, and using the terms defined therein unless otherwise stated, shareholders are advised that at the General Meeting of Emira shareholders held today, 28 June 2017, the Resolutions proposed thereat for the purposes of approving the BEE Transaction were approved by the requisite majority of votes.
29-May-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 23 May 2017 and, using the terms defined therein unless otherwise stated, are advised that the circular setting out the details of the Proposed BEE Transaction and containing a notice of a general meeting to approve the relevant ordinary resolutions pertaining to the Proposed BEE Transaction (?Circular?), has been posted today, 29 May 2017 to shareholders registered as such on Friday, 19 May 2017.



The Circular is available on the company?s website: www.emira.co.za.



Notice of general meeting

Notice is hereby given that the general meeting of shareholders will be held on Wednesday, 28 June 2017 at 10:00 at the offices of Emira situated at 1st Floor, Optimum House, Epsom Downs Office Park, 13 Sloane Street, Bryanston (?General Meeting?), to consider the ordinary resolutions to approve the Proposed BEE Transaction.



The salient dates and times relating to the General Meeting are set out below:

*Last day to trade in Emira Shares in order to be eligible to attend and vote at the General Meeting - Tuesday, 20 June 2017

*Record date to attend and vote at the General Meeting - Friday, 23 June 2017

*Forms of Proxy for the General Meeting to be received by 10:00 on Monday, 26 June 2017

*General Meeting of Emira Shareholders held at 10:00 on Wednesday, 28 June 2017

*Results of General Meeting released on SENS on or about Wednesday, 28 June 2017

*Results of General Meeting released in the press on or about Thursday, 29 June 2017



The above dates and times are subject to change. Any such changes will be published on SENS.
23-May-2017
(Official Notice)
25-Apr-2017
(Official Notice)
Shareholders are advised that Mr Meredith Leyds has resigned as company secretary of Emira, with effect from 28 April 2017. Acorim (Pty) Ltd. (?Acorim?) has been appointed as Emira?s company secretary, also with effect from 28 April 2017. Acorim is an independent company secretarial and corporate governance advisory service provider.
28-Feb-2017
(Official Notice)
Shareholders are referred to Emira?s condensed unaudited consolidated interim financial statements for the six months ended 31 December 2016 and the dividend tax treatment and salient dates announcements published on SENS on 15 February 2017, wherein shareholders were advised of the dividend of 68,93 cents per share for the six months ended 31 December 2016.



Following the Budget Speech delivered by the Minister of Finance, Pravin Gordhan, on 22 February 2017 wherein the dividends withholding tax rate was increased from 15% to 20%, the draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill has amended section 64E of the Income Tax Act No. 58 of 1962 and the increased dividends withholding tax of 20% applies in respect of any dividend paid on or after 22 February 2017.



Non-resident shareholders are accordingly advised that the net dividend amount due to non- resident shareholders, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (?DTA?) between South Africa and the country of residence of the shareholder, is 55,1440 cents per share and not 58,5905 cents per share as previously disclosed. The tax position in respect of the dividend received by or accrued to South African tax residents remains unchanged. The salient dates and times and other information provided in respect of the dividend declaration announced on 15 February 2017 remain unchanged.
15-Feb-2017
(Official Notice)
Emira advises bondholders that the interim results for the period ended 31 December 2016 are available for inspection at the registered office of the Issuer.



The interim results have also been made available on Emira?s website at emira.co.za/sens/.



15-Feb-2017
(C)
Revenue lowered marginally to R878.3 million (R878.8 million) and operating profit also decreased to R503.2 million (R527.3 million). Profit attributable to shareholders dropped to R451.7 million (R614.9 million). In addition, headline earnings per share took a knock to 65.44 cents per share (103.87 cents per share ).



Dividend distribution declaration

The board has approved and notice is hereby given that a gross interim dividend of 68.93 cents per share has been declared (70.34 cents), payable to the registered shareholders of Emira on 13 March 2017.



Prospects

Local macro-economic conditions are expected to remain challenging with low GDP growth for the balance of 2017. The continued pressure on tenants, together with the over-supply of commercial office space, will likely continue to have a negative impact on rentals.



As announced on SENS on 20 June 2016, the growth in Emira?s distributions per share for the year to 30 June 2017 is still forecast at negative 2%. This is primarily as a result of increased vacancies in the Fund?s office portfolio together with expected negative rental reversions.



The filling of vacancies in the portfolio remains a critical priority. With an increased focus on new letting, tenant retention and the effective utilisation of proceeds from the disposal of non-core assets together with a more stable local and global economic outlook, the Fund expects to return to a positive growth in distributions in the 2018 financial year.
10-Feb-2017
(Official Notice)
Emira advised bondholders that the JSE has granted approval of the First Supplement to the EPF006 and EPF007 applicable pricing supplements (?the APS?) issued under the ZAR5,000,000,000 DMTN Programme in the name of Emira.



With effect from the date of the First Supplements, the APS has been amended by:

- The amendment of the description of the security structure in respect of the Group 1 Notes, as set out in Appendix B to the APS, by the adoption of the revised description of the security structure as set out in Schedule 1 of the First Supplement to the APS; and

- The amendment of the definitions in Condition 26 of the Group 1 Notes, as set out in Appendix C to the APS, by the adoption of the revised definitions set out in Schedule 2 of the First Supplement to the APS.



The first supplement to the EPF006 and EPF007 APS will also be made available for inspection on Emira?s website at www.emira.co.za/dmtn/.
24-Jan-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 15 December 2016 and to the circular to Emira shareholders dated 14 December 2016 (the "circular") incorporating a notice of general meeting.



Shareholders are advised that at the general meeting of Emira shareholders held on Monday, 23 January 2017 ("general meeting"), the special resolution required to be passed by Emira shareholders, was passed by the requisite majority of shareholders.



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

*total number of Emira shares that could have been voted at the general meeting: 510 550 084; and

*total number of Emira shares that were present/represented at the general meeting: 367 940 615 (being 71.98% of the total number of Emira shares that could have been voted at the general meeting); and

*total number of abstentions: 1 773 719 (being 0.35% of the total number of Emira shares that could have been voted at the general meeting).

13-Jan-2017
(Official Notice)
Pursuant to Condition 24 of the Terms and Conditions of the Group 1 Notes, the Issuer hereby gives notice that a meeting of the holders (the "Group 1 Noteholders") of all the outstanding senior secured Notes issued by the Issuer under its R5,000,000,000 domestic medium term note programme, being the Notes of Series 21 and Series 22 (the "Group 1 Notes"), will be held on 27 January 2017 at 14h00 at the offices of Emira, 1st Floor, Optimum House, Epsom Downs Office Park, 13 Sloane Street, Bryanston, 2191 (the "Group 1 Noteholders Meeting") at which the resolutions will be considered and, if deemed fit, passed with or without modification.
15-Dec-2016
(Official Notice)
Emira advised shareholders that a notice of general meeting ("notice"), was distributed on 15 December 2016. The purpose of the notice is to furnish shareholders with information relating to the proposed special resolution, as discussed below, and to convene a general meeting, due to be held on Monday, 23 January 2017.



Purpose of the general meeting

On 12 August 2011 Emira established a ZAR5 000 000 000 Domestic Medium Term Note (?DMTN?) Programme (?The Programme?). Under The Programme Emira is able to issue both secured and unsecured notes. The current security structure for the secured notes issued under The Programme caters only for properties owned by Freestone Property Investments (Pty) Ltd. (?FPI?), a wholly owned subsidiary of Emira, to be included as security for secured notes. Emira wishes to amplify the security structure to cater for properties owned by Emira itself and by other subsidiaries of Emira, to be provided as security for secured notes.



Section 44 of the Companies Act, 2008 as amended (?the Act?) deals with the provision of financial assistance by way of, inter alia, the provision of security e.g. a mortgage bond in connection with the issue of securities. The issue of the notes in terms of The Programme falls within the definition of securities under the Companies Act 71 of 2008 (?Companies Act?). It is, therefore, necessary to obtain approval from Emira shareholders to permit the provision of security, e.g. by way of mortgage bonds, for the current and future DMTN note issuances.



The purpose of the general meeting is to consider and, if deemed fit, to pass, with or without modification, the special resolution required to authorise the provision of financial assistance in terms of Section 44 of the Companies Act.



Notice of general meeting

Notice is hereby given that a general meeting of shareholders of Emira (?general meeting?) will be held (subject to any adjournment, postponement or cancellation) at the offices of the Company at 1st Floor, Optimum House, Epsom Downs Office Block, 13 Sloane Street, Bryanston, at 11:00 on Monday, 23 January 2017.
16-Nov-2016
(Official Notice)
At the second annual general meeting (?AGM?) of the shareholders of Emira held yesterday, 15 November 2016, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes.



The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.



03-Oct-2016
(Official Notice)
Emira advised bondholders that the annual report for the period ended 30 June 2016 is available for inspection at the registered office of the Company.
30-Sep-2016
(Official Notice)
With regard to the audited results for the year ended 30 June 2016, shareholders are advised that the annual financial statements are available on the company?s website www.emira.co.za and will be distributed to shareholders today. The annual financial statements contain no modifications to the reviewed results which were released on the Stock Exchange News Service on 17 August 2016.



Notice of the annual general meeting

Notice is hereby given that the second annual general meeting of shareholders will be held at 13h00 on Tuesday, 15 November 2016 at First Floor, Optimum House, Epsom Downs Office Park, 13 Sloane Street, Bryanston, Gauteng to transact the business as stated in the notice of annual general meeting forming part of the annual financial statements.



Salient Dates

The notice of the company?s annual general meeting has been sent to shareholders who were recorded as such in the company?s securities register on Friday, 23 September 2016, being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date for shareholders to be recorded in the securities register of the company in order to be able to attend, participate and vote at the annual general meeting is Friday, 4 November 2016.



Accordingly, the last day to trade in the company?s shares in order to be recorded in the securities register of the company, in order to be able to attend, participate and vote at the annual general meeting is Tuesday, 01 November 2016. Proxy forms must be lodged by no later than 11h00 on Friday, 11 November 2016. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.







17-Aug-2016
(C)
Revenue for the year was recorded at R1.797 billion (2015: R1.812 billion). Operating profit lowered to R1.118 billion (2015: R1.145 billion). Profit for the year attributable to Emira shareholders decreased to R640.1 million (2015: R1.9 billion). Furthermore, headline earnings per share came in at 164.75 cents per share (2015: 181.62 cents per share).



Dividend distribution declaration

The board has approved and notice is hereby given that a gross final dividend of 75.76 cents per share has been declared (2015: 69.62 cents), payable to the registered shareholders of Emira Property Fund Ltd. on 12 September 2016.



Prospects

Macro-economic conditions remain challenging with South African GDP growth expected to be stagnant for the remainder of 2016. The continued economic pressure on tenants, together with the over-supply of commercial office space, is expected to negatively impact rentals.



As announced on SENS on 20 June 2016 the Fund forecasts a negative growth in its distributions per share of 2% for the year to 30 June 2017. The forecast negative growth is primarily as a result of increased vacancies in the Fund?s office portfolio together with expected negative rental reversions.



The Emira board has embarked on a strategy to improve the Fund?s sectorial allocations, by reducing its office exposure, to ensure that the portfolio is better positioned for future periods.



Emira?s board is conscious of the Fund?s share price performance over the last 12 months and the divergence between the Fund?s equity value on the stock exchange compared to its book value. Immediately prior to 30 June 2016 Emira commenced an on-market share buy-back strategy reflecting its confidence in its prospects relative to the share price. This and other strategies will continuously be evaluated in the forthcoming period.
28-Jul-2016
(Official Notice)
Shareholders are referred to the announcement released by Emira on the Stock Exchange News Service on 25 July 2016 regarding the non-binding, conditional expression of interest from Arrowhead Properties Ltd. (?Arrowhead?) to acquire all or the majority of the issued share capital of Emira (?Expression of Interest?).



The board of directors of Emira has now carefully considered the Expression of Interest and has unanimously concluded that the proposals contained therein are not in the best interests of Emira shareholders.



Shareholders therefore need no longer exercise caution when dealing in their Emira shares.





25-Jul-2016
(Official Notice)
Shareholders are referred to the announcement released by Arrowhead Properties Ltd. (?Arrowhead?) on the Stock Exchange News Service this morning. As detailed in the announcement, Emira has received a non-binding, conditional expression of interest from Arrowhead to acquire all or the majority of the issued share capital of Emira (?Expression of Interest?).



The board of directors of Emira has not had any discussion with Arrowhead relating to the terms and conditions of the Expression of Interest, and has not had an opportunity to formally consider its contents.



Accordingly, and notwithstanding that the Expression of Interest does not constitute a firm intention to make an offer as contemplated in the Companies Regulations, 2011 to the Companies Act 71 of 2008, and it is possible that no offer may result from the Expression of Interest, shareholders are advised to exercise caution when dealing in Emira securities, until a further announcement is made.
29-Jun-2016
(Official Notice)
Shareholders are advised that Martin Harris has retired as company secretary, with effect from 1 July 2016, and that Meredith Leyds has been appointed as company secretary, with effect from 1 July 2016.



Meredith is a qualified attorney with over 12 years of experience in the listed property industry as a legal advisor.
20-Jun-2016
(Official Notice)
17-Feb-2016
(Official Notice)
Emira wishes to advise bondholders that the interim results for the period ended 31 December 2015 are available for inspection at the registered office of the company as well as on Emira?s website at http://emira.co.za/press-release/
17-Feb-2016
(C)
Revenue for the interim period increased to R878.8 million (2014: R864.4 million). Operating profit was recorded at R527.3 million (2014: R510.8 million). Profit attributable to Emira shareholders dropped to R614.9 million (2014: R1.1 billion). Furthermore, headline earnings per share climbed to 103.87 cents per share (2014: 71.43 cents per share).



Dividend distribution declaration

The Board has approved and notice is hereby given that an interim dividend of 70,34 cents per share has been declared (2014: 64,65 cents), payable to the registered shareholders of Emira Property Fund Limited on 14 March 2016. The issued share capital at the declaration date is 510 550 084 listed ordinary shares. The source of the dividend comprises net income from property rentals, income earned from the Fund?s listed property investment and interest earned on cash on deposit. Please refer to the Statement of Comprehensive Income for further details.



Prospects

While market conditions are expected to be more trying in the next six months, Emira is appropriately positioned to continue its past performance and deliver a similar distribution growth per share for the full 12 month period to 30 June 2016.

17-Nov-2015
(Official Notice)
At the first (1st) annual general meeting (?AGM?) of the shareholders of Emira held on Monday 16th November 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
15-Oct-2015
(Official Notice)
Emira wishes to advise bondholders that the annual report of Emira for the period ended 30 June 2015 is available for inspection at the registered office of the company. The annual report is also available on Emira?s website at http://emira.co.za/integrated-report/
02-Oct-2015
(Official Notice)
The board of directors of Emira advised shareholders that Mr Greg Booyens, CA(SA) has been appointed as Chief Financial Officer of the Company, with effect from 1 January 2016.



Greg has resigned as the Chief Financial Officer of Delta Property Fund Limited (?Delta?), with effect from 31 December 2015, in order to join Emira. He has over 10 years? experience in finance and operations management, the last four of which have been with Delta. With his listed property experience and financial knowledge, Greg will bring additional value and breadth to Emira.
30-Sep-2015
(Official Notice)
With regard to the audited results for the year ended 30 June 2015, shareholders are advised that the annual financial statements are available on the Company?s website www.emira.co.za and will be distributed to shareholders today. The annual financial statements contain no material modifications to the reviewed results which were released on the Stock Exchange News Service on 19 August 2015.



Notice of the Annual General Meeting

Notice is hereby given that the first annual general meeting of shareholders will be held at 14h00 on Monday, 16 November 2015 at First Floor, Optimum House, Epsom Downs Office Park, 13 Sloane Street, Bryanston, Gauteng to transact the business as stated in the notice of annual general meeting forming part of the annual financial statements.



Salient Dates

The notice of the Company?s annual general meeting has been sent to shareholders who were recorded as such in the Company?s securities register on Friday, 18 September 2015, being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting. The record date for shareholders to be recorded in the securities register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 6 November 2015. Accordingly, the last day to trade in the Company?s shares in order to be recorded in the securities register of the Company, in order to be able to attend, participate and vote at the annual general meeting is Friday, 30 October 2015. Proxy forms must be lodged by no later than 14h00 on Thursday, 12 November 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
19-Aug-2015
(C)
Revenue for the year jumped to R1.8 billion (R1.5 billion). Operating profit grew to R1.1 billion (R0.9 billion). Profit for the year attributable to equity holders shot up to R1.9 billion (R1.2 billion). In addition, headline earnings per participatory interest rose to 181.82 cents per participatory interest (150.11 cents per participatory interest).



Income distribution declaration

Notice is hereby given that a final gross cash distribution of 69.62 cents per participatory interest (2014: 63.87 cents per participatory interest) has been declared, payable to the registered shareholders of Emira on 14 September 2015.



Prospects

The benefit of improved occupancies, together with the property acquisitions and ongoing tight cost control, should result in real growth in core distributions per share.



Together with the impact of the change in policy regarding lease commissions detailed below, shareholders can expect a similar healthy improvement in dividends for the 12 months to June 2016.
04-Aug-2015
(Official Notice)
The Emira board advised shareholders that Mr Geoff Jennett, currently chief financial officer and an executive director of Emira, has been appointed Chief Executive Officer with effect from 1 September 2015. The appointment of a new chief financial officer is underway and an announcement is expected to be made in the near future.
08-Jul-2015
(Official Notice)
Emira advised bondholders that the JSE has granted approval to the amendments of the pricing supplements listed under the R5 billion DMTN Programme in the name of Emira Property Fund Ltd. The updated signed pricing supplements will also be made available for inspection on Emira?s website at http://emira.co.za/dmtn/.
02-Jul-2015
(Official Notice)
Emira wishes to advise bondholders that the JSE has granted formal approval on the amendment of the R5 billion DMTN Programme in the name of Emira Property Fund Ltd., incorporated in the Republic of South Africa under registration number 2014/130842/06. The updated signed Programme Memorandum will also be made available for inspection on Emira?s website at http://emira.co.za/dmtn/.
29-Jun-2015
(Official Notice)
Holders of the secured bonds issued by Emira, under stock code EPF001, are advised that at a meeting of secured Noteholders, held on 19 June 2015, an Extraordinary Resolution was passed by 75.28% of the secured Noteholders consenting to the release and cancellation of the mortgage bonds registered over the Properties to be Released .



As a result, the Security SPV has provided Emira with its written consent to the release and cancellation of the mortgage bonds registered over the Properties to be Released.
26-Jun-2015
(Official Notice)
Emira participatory interest (?PI?) holders are referred to the announcements released on the Stock Exchange News Service (?SENS?) on 8 April 2015 and on 8 May 2015 regarding the establishment of Emira as an internally managed corporate Real Estate Investment Trust (?REIT?) (?the Transaction?). The Transaction will be implemented in accordance with the amalgamation agreement concluded between Emira, New Emira and STREM (?Amalgamation Agreement?) on or about 19 March 2015.



Emira PI holders are hereby advised that all conditions precedent to the Transaction have been fulfilled and, accordingly, the Transaction is now unconditional. The Transaction will be implemented with effect from Wednesday, 1 July 2015.



Pursuant to the Amalgamation Agreement, all of Emira?s assets will be transferred to New Emira. The consideration for the transfer of Emira?s assets will be settled by New Emira assuming all of Emira?s liabilities and issuing shares in New Emira to Emira, which shares will be distributed by Emira to Emira PI holders in the ratio of one New Emira share for every one Emira PI held on the record date of Friday, 10 July 2015.



The last day to purchase Emira PIs in order to be eligible to receive New Emira shares is Friday, 3 July 2015.



The ordinary shares in New Emira will be listed in the "Diversified REITs" sector of the JSE list, under the abbreviated name ?EMIRA?, share code ?EMI? and ISIN ZAE000203063, with effect from the commencement of trade on Monday, 6 July 2015.



The listing of Emira on the Main Board of the JSE will be terminated with effect from Monday, 13 July 2015 and the process to have Emira liquidated and deregistered will commence thereafter.



The salient dates and times for the implementation of the transaction remain as previously announced on SENS on 8 April 2015.
01-Jun-2015
(Official Notice)
Emira participatory interest holders are advised that the Fund?s Chief Executive Officer, Mr James Templeton, has advised the Board of his resignation from the Fund with effect from 31 August 2015, in order to pursue personal interests outside of the listed property sector.



The Board acknowledges and thanks Mr Templeton for his dedication and contribution as Chief Executive Officer since July 2004 and wishes him well in his future endeavours.



The process of identifying an appropriate replacement for Mr Templeton is underway and an announcement in this regard is expected to be made shortly.
29-May-2015
(Official Notice)
28-May-2015
(Official Notice)
Emira participatory interest (PI) holders are referred to the announcement released by Little Swift Investment 435 (Pty) Ltd. (?Little Swift?), a wholly owned subsidiary of Kagiso Tiso Holdings (Pty) Ltd. (?KTH?) on Bloomberg on 27 May 2015, in which KTH announced the launch of an accelerated offering of its remaining 29 316, 87 PIs in Emira.



In accordance with the JSE Ltd. Listings Requirements and Section 122 of the Companies Act 2008, PI holders are advised that the Fund has received formal notification from Little Swift that it has disposed of its beneficial interest in the PIs of the Fund, such that the total interest in the securities of the Fund held by Little Swift now amounts to 0% of the total issued capital of the Fund. The PIs were taken up by a broad selection of institutional investors.



Whilst Emira and KTH have enjoyed a longstanding relationship since 2006, Emira recognizes KTH?s change in strategic focus and is supportive of their decision to dispose of its remaining PIs in a coordinated manner through an accelerated offering. Emira would further like to thank KTH for its continued support and contribution to Emira which it has made as a PI holder.



Emira remains committed to transformation in the South African property sector and will continue to evaluate various alternatives to maintain and further improve its performance in this regard in the future.
08-May-2015
(Official Notice)
24-Apr-2015
(Official Notice)
24-Apr-2015
(Official Notice)
08-Apr-2015
(Official Notice)
18-Feb-2015
(C)
Revenue for the interim period ended 31 December 2014 rose to R864.4 million (2013: R741.1 million). Operating profit climbed to R510.8 million (2013: R440.6 million), and profit for the period attributable to Emira equity holders strengthened to R1.1 billion (2013: R457.3million). Furthermore, headline earnings per participatory interest decreased to 71.43 cents (2013: 74.65 cents).



Income distribution declaration

Notice is hereby given that a final cash distribution of 64.65 cents per PI has been declared, payable to PI holders on 16 March 2015.



Prospects

The benefit of the improved occupancies, together with the property acquisitions and tight cost control, should continue to result in a similar healthy improvement in distribution growth per PI for the twelve months to June 2015. Any forecast financial information contained herein has not been reviewed or reported on by the Fund?s external auditors.

11-Dec-2014
(Official Notice)
Participatory interest holders are referred to Emira?s reviewed results announcement for the year ended 30 June 2014, released on the Stock Exchange News Service on 13 August 2014, in which they were advised that Peter Thurling would be retiring as Chief Financial Officer of Strategic Real Estate Managers (Pty) Ltd., the authorised management company of Emira, with effect from 31 December 2014.



In compliance with the paragraph 3.59 of the JSE Ltd. Listings Requirements, and subject to the approval of the Financial Services Board, participatory interest holders are advised that Geoff Jennett, CA (SA), has been appointed to the board of Strategic Real Estate Managers (Pty) Ltd., the authorised management company of Emira, as Chief Financial Officer, with effect from 1 January 2015.
14-Nov-2014
(Official Notice)
At the eleventh annual general meeting ("AGM") of participatory interest (PI) holders held on 13 November 2014, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes.
30-Sep-2014
(Official Notice)
With regard to the audited results for the year ended 30 June 2014, participatory interest holders are advised that the annual financial statements are available on the Fund's website www.emira.co.za and will be distributed to participatory interest holders today and contain no modifications to the reviewed results which were released on SENS on 13 August 2014.



Notice of the annual general meeting

Notice is hereby given that the eleventh annual general meeting of participatory interest holders will be held at 14h00 on Thursday 13 November 2014 at Optimum House, Epsom Downs Office Park, 13 Sloane Street, Bryanston, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Record dates

The notice of the Fund's annual general meeting has been sent to its participatory interest holders who were recorded as such in the Fund's securities register on Friday 19 September 2014 being the notice record date used to determine which participatory interest holders are entitled to receive notice of the annual general meeting.



The record date for participatory interest holders to be recorded in the securities register of the Fund in order to be able to attend, participate and vote at the annual general meeting is Friday, 7 November 2014. Accordingly, the last day to trade in the Fund's participatory interests in order to be recorded in the securities register of the Fund, in order to be able to attend, participate and vote at the annual general meeting is Friday, 31 October 2014.
29-Sep-2014
(Official Notice)
Emira Property Fund today confirmed it has been advised by Redefine Properties that Redefine has purchased approximately 11% of Emira?s Participatory Interests (PIs).



The PIs were purchased from certain institutional investors in exchange for Redefine shares. Redefine has therefore become one of Emira?s larger PI holders.



Confirming its successful turnaround, Emira met or exceeded all its targets for its financial year ended June 2014, most significant of which was growth in distributions per PI of 7,5%, but also included growth through organic and acquisitive means, with acquisitions of R1,6 billion being concluded. It also continued to advance its operational goals, with vacancies declining to 4,5% and tenant retention rising to 80%.

13-Aug-2014
(C)
Revenue for the year rose to R1 476 million (2013: R1 342 million) and operating profit climbed to R879.3 million (2013: R766.3 million). Profit attributable to equity holders increased to R1 195 million (2013: R1 441 million). However, headline earnings per share decreased to 150.11 cents per participatory interest (2013: 152.35 cents per participatory interest).



Income distribution declaration

Notice is hereby given that a final cash distribution of 63.87 cents (2013: 58.90 cents) per participatory interest has been declared, payable to participatory interest holders on 15 September 2014.



Prospects

The benefit of the improved occupancies in FY14 and the forecast containment of property expenses in the coming financial year are expected to result in a further healthy improvement in distribution growth per PI in the 12 months to June 2015. The benefit of the distribution policy change regarding depreciation will further enhance distribution growth. The forecast information contained in this paragraph has not been reviewed by Emira's auditors.
10-Jul-2014
(Official Notice)
Emira is pleased to announce that it has successfully closed its accelerated bookbuild offering of new participatory interests (the "Offering"). The Offering was oversubscribed and 22 222 222 new participatory interests ("PI") were placed with qualifying investors at a price of R13.95 per PI, raising proceeds of R310 million for the Fund. The issue price represents a discount of 2.9% to the 30 day volume weighted average price of Emira PIs as at close of trade on Wednesday, 9 July 2014.



Subject to approval by the JSE Limited, listing and trading of the new PIs is expected to commence at 09h00 on Thursday, 17 July 2014. Rand Merchant Bank, a division of FirstRand Bank Limited ("RMB"), is acting as sole bookrunner for the Offering.



09-Jul-2014
(Official Notice)
26-Jun-2014
(Media Comment)
According to the Financial Mail, the sizable discount to the property sector at which the company's sharers are trading does not seem entirely justified. Management has made commendable progress since 2012 in returning the company to inflation-beating distribution growth. CE James Templeton says the improved performance is due to fewer vacancies, tighter cost control and the better than expected performance of the investment in Growthpoint Properties Australia as a result of rand weakness.
19-Feb-2014
(C)
Revenue for the interim period ended 31 December 2013 rose to R741.1 million (2012: R658.6 million). Operating profit climbed to R440.6 million (2012: R355.5 million), but profit for the period attributable to Emira equity holders weakened to R457.3 million (2012: R536.7 million). Furthermore, headline earnings per participatory interest jumped to 74.65 cents (2012: 51.38 cents).



Income distribution declaration

Notice is given that an interim cash distribution of 59.31 cents (2012: 55.69 cents) per participatory interest has been declared, payable to participatory interest holders on 17 March 2014.



Prospects

Notwithstanding relatively subdued economic growth, a continued focus on letting space and tenant retention, as well as vigilant cost control, has yielded benefits to Emira PI holders. It is expected that the increase in distributions payable in respect of the full financial year, will be similar to that achieved in the first half of the year.
27-Nov-2013
(Media Comment)
Business Day reported that Emira Property Fund believes it has performed well since listing a decade ago and that the sale of non-core properties will help it achieve strong returns next year. CEO James Templeton said Emira was proud of sustaining its performance over the years and that selling off non-core assets recently would help it achieve better returns next year. Mr Templeton added that the focus has always been to grow and evolve in a way that benefits investors and stakeholders and adheres to good governance and best practice, ensuring sustainable performance.
15-Nov-2013
(Official Notice)
At the tenth annual general meeting of participatory interest holders held yesterday, 14 November 2013, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes.
30-Sep-2013
(Official Notice)
With regard to the audited results for the year ended 30 June 2013, participatory interest holders are advised that the annual financial statements are available on the Fund's website www.emira.co.za and will be distributed to participatory interest holders today and contain no modifications to the reviewed results which were published on SENS on 20 August 2013.



Notice of the annual general meeting

Notice is hereby given that the tenth annual general meeting of participatory interest holders will be held at 14h00 on Thursday 14 November 2013 at Optimum House, Epsom Downs Office Park, 13 Sloane Street, Bryanston, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the Fund's annual general meeting has been sent to its participatory interest holders who were recorded as such in the Fund's securities register on Friday 20 September 2013 being the notice record date used to determine which participatory interest holders are entitled to receive notice of the annual general meeting.



The record date for participatory interest holders to be recorded in the securities register of the Fund in order to be able to attend, participate and vote at the annual general meeting is Friday, 8 November 2013. Accordingly, the last day to trade in the Fund?s participatory interests in order to be recorded in the securities register of the Fund, in order to be able to attend, participate and vote at the annual general meeting is Friday, 1 November 2013.
12-Sep-2013
(Official Notice)
Further to the announcement released on SENS on 1 July 2013, participatory interest holders are advised that the appointment of Mr Gerhard Van Zyl to the board of Strategic Real Estate Managers (Pty) Ltd., the authorised management company of Emira, as an independent non-executive director, was approved by the Financial Services Board on 10 September 2013, which is the effective date of the appointment.
20-Aug-2013
(C)
Revenue for the year rose to R1 342 million (2012: R1 253 million) and operating profit climbed to R766 million (2012: R666 million). Profit attributable to equity holders increased to R1 441 million (2012: R581 million). However, headline earnings per share grew to 152.35 cents per participatory interest (2012: 81.73 cents per participatory interest).



Income distribution declaration

Notice is hereby given that a final cash distribution of 58.90 cents per participatory interest has been declared, payable to participatory interest holders on 16 September 2013.



Prospects

PI holders are expected to gain from the substantial decline in vacancies, the successful management of property expenses and the renegotiation of certain interest-rate swap contracts. The STREM Board believes that these benefits, together with the contractual escalations on the bulk of the portfolio, will, based on current expectations, result in real distribution growth in the coming year. The forecast financial information on which this statement has been based has not been reviewed or reported on by the Funds auditors.
01-Jul-2013
(Official Notice)
Participatory interest holders were advised that Mr Gerhard Van Zyl has been appointed to the board of Strategic Real Estate Managers (Pty) Ltd., the authorised management company of Emira, as an independent non-executive director.



Granting of REIT status

Emira has been granted Real Estate Investment Trust ("REIT") status and will qualify as a REIT with effect from today, 1 July 2013.
28-Jun-2013
(Official Notice)
In compliance with the JSE Listings Requirements participatory interest ("PI") holders are advised that Emira has entered into a repurchase programme to repurchase PIs during its closed period. This period commences on 1 July 2013 and ends on 20 August 2013 when the Funds results are scheduled to be released. In terms of the repurchase programme, the broker has been mandated to repurchase the Fund's PIs up to a maximum value of R75 000 000.00. Any repurchases will be effected within certain pre-set parameters of the programme and the Listings Requirements of the JSE Ltd.
13-Feb-2013
(C)
Revenue increased to R658.6 million (R637.1 million) and operating profit grew to R355.5 million (R292.8 million). Profit attributable to equity holders more than tripled to R536.7 million (R157.4 million). Furthermore, headline earnings per participatory interest jumped to 51.38 cents per participatory interest (31.04 cents per participatory interest).



Income distribution declaration

Notice is hereby given that an interim cash distribution of 55.69 cents (53.81 cents) per participatory interest has been declared.



Prospects The outlook for distributions has improved during the period as a result of various operational improvements, the sale of non-core buildings, earnings enhancing acquisitions, debt restructuring and the repurchase of participatory interests. The rate of growth in distributions for the 12 months to June 2013 is therefore expected to approximate that achieved for the period under review.
26-Nov-2012
(Official Notice)
Participatory Interest holders are notified that, following the resignation of Absa Bank Ltd. as Trustee to the Emira Property Scheme (the "Scheme"), with effect from 16 November 2012, the Registrar of Collective Investment Schemes has approved the appointment of FirstRand Bank Ltd. as Trustee to the Scheme, with effect from 17 November 2012.
13-Nov-2012
(Official Notice)
At the ninth annual general meeting of participatory interest holders held on 13 November 2012, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes.
08-Nov-2012
(Media Comment)
Business Day reported that Emira has outsourced the property management of its commercial and industrial portfolio to Eris Property Group, and virtually its entire retail property portfolio to Broll Property. Eris has managed Emira's property portfolio since 2003, but Emira had decided to put the management of its property assets out to tender.
28-Sep-2012
(Official Notice)
With regard to the audited results for the year ended 30 June 2012, participatory interest holders were advised that the annual financial statements are available on the Fund's website www.emira.co.za and will be distributed to participatory interest holders on 28 September 2012 and contain no modifications to the reviewed results which were published on SENS on 22 August 2012.



Notice of the annual general meeting

Notice is hereby given that the ninth annual general meeting of participatory interest holders will be held at 14h00 on Tuesday 13 November 2011 at 3 Gwen Lane, Sandton, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the Fund's annual general meeting has been sent to its participatory interest holders who were recorded as such in the Fund's securities register on 21 September 2012 being the notice record date used to determine which participatory interest holders are entitled to receive notice of the annual general meeting.



The record date for participatory interest holders to be recorded in the securities register of the Fund in order to be able to attend, participate and vote at the annual general meeting is Friday, 2 November 2012. Accordingly, the last day to trade in the Fund?s participatory interests in order to be recorded in the securities register of the Fund, in order to be able to attend, participate and vote at the annual general meeting is Friday, 26 October 2012.
22-Aug-2012
(C)
Revenue for the year rose to R1.3 billion (2011: R1.2 billion) and operating profit climbed to R666 million (2011: R598 million). Profit attributable to equity holders increased to R581 million (2011: R542 million). However, headline earnings per share fell to 81.73 cents per participatory interest (2011: 92.06 cents per participatory interest).



Distribution

The board declared a final distribution of 56.87 cents per participatory interest.



Prospects

The take up of vacancies in the portfolio remains critical to the future performance of the fund. Assuming a stable local and global economic outlook, as well as the increased focus on new letting, tenant retention and the utilization of proceeds from the sale of non-core assets, the fund expects to show an increase in distributions in the coming financial year.
15-Feb-2012
(C)
Revenue rose to R637.1 million (December 2010: R610.1million). Operating profit was up at R292.8 million (December 2010: R221.8 million), while net attributable profit surged to R157.4 million (R251.4 million). In addition, headline earnings per participatory interest grew to 31.04c (December 2010: 26.18c).



Distribution

Notice was given that an interim cash distribution of 53.81 cents per participatory interest has been declared payable to participatory interest holders, on 12 March 2012.



Prospects

The take up of vacancies in the portfolio remains key to the future performance of the Fund. Although there appears to be improved interest from tenants in the early part of 2012, they have been reluctant to commit to new, long-term leases and improved clarity on local and global economic growth is required for vacancies to begin to show a material improvement. Expectations are that the performance for the financial year ending 30 June 2012 will show a similar trend to that for the six months to 31 December 2011, with subdued gross income growth, relatively high increases in property expenses and increasing interest costs, partially offset by benefits from the Fund?s offshore investment and from the amendments to its management agreement. As a result, the level of distributions from the Fund for the financial year is still expected to be below that achieved in the 12 months to 30 June 2011. The forecast financial information on which this statement has been based has not been reviewed and reported on by the Fund?s auditors.
16-Nov-2011
(Official Notice)
At the eighth annual general meeting of participatory interest holders held yesterday, 15 November 2011, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes. The proposed resolution giving the directors the general authority to issue participatory interests for cash, was withdrawn prior to the meeting.
10-Nov-2011
(Official Notice)
Participatory interest (PI) holders are advised that the following printing errors are reflected in the 2011 annual report which was distributed to PI holders.

*On page 80 - the statements of comprehensive income were named the "statements of financial position";

*On page 81 - the statements of financial position were named the "statements of comprehensive income";

*On page 82 - the statements of cash flows were named the "statements of changes in equity";

*On page 83 - the statements of changes in equity were named the "statements of cash flows".



An amended version of the annual report has been uploaded on to Emira's website. PI holders who require an amended printed version of the annual report are requested to contact the Secretary of the Fund, Mr Martin Harris on (011) 775-1217 or by email at mharris@eris.co.za
30-Sep-2011
(Official Notice)
With regard to the audited results for the year ended 30 June 2011, participatory interest holders were advised that the annual financial statements are available on the Fund's website www.emira.co.za and will be distributed to participatory interest holders today and contain no material modifications to the reviewed results which were published on SENS on 16 August 2011.



Notice of the annual general meeting

Notice was given that the eighth annual general meeting of participatory interest holders will be held at 14h00 on Tuesday 15 November 2011 at 3 Gwen Lane, Sandton, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
26-Aug-2011
(Official Notice)
In compliance with the JSE Limited Listings Requirements, participatory interest holders are advised that Mr Vuyisa Nkonyeni from Kagiso Tiso Holdings (Pty) Ltd (RF) has been appointed to the board of Strategic Real Estate Managers (Pty) Ltd, the authorised management company of Emira, as a non-executive director, in place of Mr Nkunku Sowazi who has resigned, both with effect from 24 August 2011.

17-Aug-2011
(Media Comment)
Business Day highlighted that Emira Property Fund, a listed property unit trust posted a 5 percent rise in distributions to 113.52cps for the year ended June. It attributed its performance to its increased investment in Growth-point Properties Australia (Goz), growth in property income and benefits from internalising its asset management company. Emira CEO James Templeton said the fund's "good" results were good considering that the local property market was still struggling to recover from recession and there was increased competition.
16-Aug-2011
(C)
Revenue for the year increased to R1.223 billion (2010: R1.162 billion). Operating profit fell to R597.7 million (2010: R681.3 million), while profit for the year attributable to equity holders rose to R541.7 million (2010: R513.4 million). Furthermore, headline earnings per participatory interest was lower at 92.06 cents (2010: 96.99 cents).



Income distribution declaration

A final cash distribution of 58.31 cents (2010: 56.24 cents) per participatory interest has been declared



Prospects

The underlying conditions in the commercial property sector remain tough. Although there is demand for space across all three sectors of the portfolio, it remains a tenant?s market, with landlords competing aggressively for long term, high quality leases. Together with expected downward rental reversions in certain portions of the portfolio that are expiring, this is expected to result in muted growth in gross income. Costs such as municipal expenses, leasing commissions - which are expensed by Emira in the year incurred - and refurbishments, are anticipated to continue rising in excess of income. This together with increasing interest costs is expected to result in a slight reduction in the distribution per PI payable for the financial year ending 30 June 2012.
28-Mar-2011
(Media Comment)
Business Day reported that listed property unit trust Emira Property fund has concluded a R309 million agreement with Eris Property to acquire its proposed 14 000m2 Corobay Corner office development on the western edge of the greater Menlyn Main development. Emira CEO James Templeton said on Friday the purchase of the prime property would enhance the fund's profile in the sought after Menlyn development node and give additional critical mass to its physical presence there. Work on the Corobay Corner has just started and a total of 9 600m2 of the two-block, single phase development has already been let to KV3 Engineers on a 10-year lease at market related rental. Emira has also secured a 12-month rental guarantee from Eris for the remainder of the space from the date of completion. The purchase should yield a return of 9% for Emira.
16-Feb-2011
(C)
Revenue rose to R610 million (December 2009: R585 million) the comparable period. Operating profit was down to R222 million (December 2009: R345 million), while earnings per participatory interest rose to 50.20c (December 2009: 33.25c) and headline earnings per participatory interest was 26.18c (December 2009: 54.95c).



Distribution

An interim cash distribution of 55.21c per participatory interest has been declared.



Prospects

The underlying conditions in the commercial property sector were tougher than expected in the period under review. Indications are that tenant interest has picked up in 2011, however this has yet to be translated into a reduction in vacancies. Emira PI holders are, nevertheless, expected to continue to benefit from the amendment to the service charge implemented in September 2010. As a result, the level of growth in distributions from the Fund for the financial year is expected to be similar to that achieved in the six months to 31 December 2010. The forecast financial information on which this statement has been based has not been reviewed or reported on by the Fund's auditors.
22 Dec 2010 07:59:58
(C)
Business Day reported that in tough trading conditions with rising vacancies and struggling tenants, listed property unit trust Emira Property Fund has seen an increase in rentals remain flat in the six months to December. CEO James Templeton said Emira's vacancies had risen in the past few months, as a result of tougher than expected economic conditions. Mr Templeton added that in the financial year to June on leases being renewed, Emira managed to get an average increase of 7% from leases that tenants signed, while new leases were down 5%, bringing the overall increase to 3.3%. However, Templeton indicated that the fund was optimistic next year would be a better year for the property sector due to improving retail sales, which were already picking up as a result of low interest rates.
16 Nov 2010 14:41:51
(Official Notice)
At the seventh annual general meeting of participatory interest holders held on 16 November 2010, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes.
08 Nov 2010 09:37:04
(Media Comment)
According to Business Day, listed property unit trust Emira Property Fund is continuing to invest in the Australian listed property sector, announcing on Friday that its investment in Growthpoint Properties Australia had increased from 6.4% to 9.13%. CEO James Templeton said the investment was being made at higher yields than were achievable in the South African property market. He said the fund's calculations showed that the transaction would be earnings-enhancing for Emira participatory interest holders from day one. At the current exchange rate of R6.92 to the Australian dollar (RR6.50 at the time of the initial deal), the investment is worth R137 million, implying a 17.4% total return in rand terms on the first tranch of units. Emira has followed its R117 million investment in Growthpoint made earlier this year with another R117 million investment in Australia-based real estate investment trusts (REIT).
28 Oct 2010 16:28:49
(Official Notice)
Participatory interest (PI) holders are advised that item 2.1 (Special Resolution number 1) on the above mentioned proxy form, which was included in the 2010 annual report, should read "To vote on a general authority to repurchase participatory interests" and not "To vote on a general authority to issue participatory interests for cash". Except as noted above, the proxy form is correct in all other respects. PI holders are further advised that the notice of the annual general meeting correctly reflects the details of the special resolution. The amended version of the proxy form is available for collection from the registered office of the Fund, 3rd Floor, 3 Gwen Lane, Sandton, and is also available to be downloaded from the website of the Fund, at www.emira.co.za.
22 Oct 2010 13:23:43
(Official Notice)
With regard to the audited results for the year ended 30 June 2010, participatory interest holders are advised that the annual financial statements are available on the Fund's website www.emira.co.za and will be distributed to participatory interest holders and contain no material modifications to the reviewed results which were published on SENS on 18 August 2010.



Notice is hereby given that the seventh annual general meeting of participatory interest holders will be held at 14h00 on Tuesday 16 November 2010 at 3 Gwen Lane, Sandton, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

16 Sep 2010 16:04:18
(Official Notice)
18 Aug 2010 18:17:34
(Official Notice)
Notice is hereby given that the seventh annual general meeting of PI holders of Emira Property Fund will be held at 14:00 on 16 November 2010, at 3 Gwen Lane, Sandton, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
18 Aug 2010 18:11:27
(C)
Revenue rose to R1.2 billion (June 2009: R1.1 billion), while operating profit grew to R681.2 million (June 2009: R649.7 million). Profit attributable to equity holders increased to R514.6 million (June 2009: R323.4 million). Headline earnings per participatory interest increased to 96.99 cents (June 2009: 71.76 cents).



Distribution

A final cash distribution of 56,24 cents (2009: 52,46 cents) per participatory interest has been declared



Prospects

Since the beginning of 2010, conditions in the commercial property market have undoubtedly improved, in line with general global and local economic recovery, however the pace of the economic recovery appears to be slower than most economists' expectations. It is anticipated that the gradual recovery in the commercial property market will continue in the coming financial year, with vacancies expected to decline moderately and rentals recovering thereafter. The level of growth in distributions from the Fund in the coming year is expected to be good and potentially enhanced by the proposed service charge amendment mentioned above (the STREM transaction). The forecast financial information on which this statement has been based has not been reviewed or reported on by the Fund's auditors.
15 Jul 2010 08:12:08
(Official Notice)
05 Jul 2010 14:50:27
(Official Notice)
Participatory holders were advised that Mr Vusumuzi Mahlangu has been appointed to the board of Strategic Real Estate Managers (Pty) Ltd, the authorised management company of Emira, as a non-executive director with effect from 24 June 2010.
24 May 2010 14:22:21
(Official Notice)
Bryan Kent has been appointed as lead independent director to the board of Emira Property Fund with effect from 20 May 2010.
12 Apr 2010 07:23:24
(Media Comment)
According to Finweek, Emira's management has been working hard to enhance the quality of its portfolio through extensions, disposals and refurbishments of various older B-grade buildings. The company will also benefit from the relatively high 15% office vacancy rate that it has when the office market turns. In addition, Emira's Pretoria shopping centres of Wonderpark and Quagga, which serve mainly lower and middle income consumers, are still doing well.
17 Feb 2010 17:43:09
(C)
Revenue rose to R585 million (December 2008: R532 million) the comparable period. Operating profit was up to R345 million (December 2008: R320 million). While earnings per participatory interest rose to 33.25c (December 2008: 25.68c) and headline earnings per participatory interest was 54.95c (December 2008: 6.13c).



Distribution

An interim cash distribution of 51.84c, representing growth of 6.3% (December 2008:48.79c) per participatory interest has been declared.



Prospects

The Fund's strategy of improving the quality of the portfolio through acquisitions and refurbishments - funded by prudent, long-term gearing - as well as the disposal of non-core assets will continue. Although the economy has recently shown signs of growth and expectations are that this will continue, the property sector tends to lag the general economic recovery. Conditions within the portfolio are therefore expected to remain challenging and, as was stated in the prospects statement after the release of results for the year to June 2009, tenant retention and minimising bad debts will be the key drivers of income growth. Nonetheless, given a growing income stream from the existing portfolio, as well as careful cost management, the STREM Board believes that the Fund will show a similar level of growth in distributions for the twelve months to June 2010, as that achieved for the six months to December 2009.
02 Feb 2010 09:39:33
(Media Comment)
Listed property unit trust Emira Property Fund is busy rationalising it's portfolio, redeveloping certain property assets and disposing of noncore properties to reinvest in other properties. Emira recently approved a R300 million redevelopment plan.
18 Nov 2009 11:51:51
(Official Notice)
At the sixth annual general meeting of participatory interest holders held yesterday, 17 November 2009, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes.
30 Sep 2009 11:41:28
(Official Notice)
With regard to the audited results for the year ended 30 June 2009, participatory interest holders are advised that the annual financial statements are available on the Fund's website and will be distributed to participatory interest holders on or about 2 October 2009 and contain no modifications to the reviewed results which were published on SENS on 26 August 2009.



Notice is hereby given that the sixth annual general meeting of participatory interest holders will be held at 14:00 on Tuesday 17 November 2009 at 3 Gwen Lane, Sandton, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
26 Aug 2009 17:14:33
(C)
Revenue increased to R1.1 billion (R944.2 million). Net profit for the year declined to R323.4 million (R555.2 million). In addition, headline earnings per participatory interest fell to 71.76cps (122.12cps).



Income distribution declaration

A final cash distribution of 52.46 cents ( 47.70 cents) per participatory interest has been declared.



Outlook

Tenant retention and minimising bad debts will be the key drivers of income growth from the portfolio in the coming year, supplemented by PI repurchases where appropriate. The fund's strategy of improving the quality of the portfolio through acquisitions and refurbishments - funded by prudent, long term gearing - as well as the disposal of non-core assets, will continue. With the South African economy in recession, conditions within the portfolio are expected to remain challenging and therefore the level of growth in distributions in the coming year, although still expected to be good, will not be at the same level as that achieved in the twelve months to June 2009.
06 Aug 2009 14:58:05
(Official Notice)
Participatory interest holders are advised that Ms Liliane Barnard has resigned from the board of Strategic Real Estate Managers (Pty) Ltd (STREM), the authorised management company of Emira, with effect from 5 August 2009. The board thanks Ms Barnard for her many years of valued service to STREM.
01 Jul 2009 10:12:01
(Media Comment)
Emira looks to be well positioned, according to Finweek. The company is one of the few property unit trusts that still appears to be on track to garner double-digit distribution growth for the twelve months to June 2009. However, some analysts, such as Macquarie Securities' Leon Allison, says that although Emira could achieve 10% growth in income, it is becoming increasingly difficult to rent out office and retail space and maintain rental growth levels.
17 Feb 2009 16:36:46
(C)
Excluding the straight-line adjustments from future rental escalations, revenue rose by 14.8% over the comparable period. This was the result of lower vacancies during the period, the inclusion of the acquired properties from the effective dates, as well as the conclusion of several capital projects in the previous financial year which contributed for the full period under review. Property expenses, when adjusted for amortised upfront lease costs, rose by 32.9%, as a result of increased municipal charges across the bulk of the portfolio and a higher provision for legal arrears. The group reported headline earnings of 6.13c per participatory interest. .



Distribution

An interim cash distribution of 48.79c (44.34c) per participatory interest has been declared.



Prospects

The tougher trading environment across the South African commercial property market is expected to prevail for the balance of 2009. Maintaining occupancy levels and collecting rental income due to the Fund will therefore be even more important than normal during this period. Nonetheless, with a growing income stream from the Fund's existing portfolio, the benefit of the earnings enhancing capital expenditure programmes over the past two years and favourable interest rates on its debt, the STREM board believes that the Fund will show similar growth in distributions for the year ending 30 June 2009. This profit forecast has not been reviewed or reported on by the Fund's auditors.
11 Dec 2008 15:26:45
(Official Notice)
In compliance with the JSE Ltd listings requirements participatory interest holders are advised that Mr Wayne McCurrie has been appointed to the board of Strategic Real Estate Managers (Pty) Ltd the authorised management company of Emira, as a non-executive director with immediate effect.
19 Nov 2008 13:19:37
(Official Notice)
At the fifth annual general meeting of participatory interest holders held on 18 November 2008, ordinary resolution number 1 and special resolution number 1 were approved by the requisite majority of votes. Ordinary resolution number 2 giving the directors the general authority to issue participatory interests for cash, was withdrawn.
21 Oct 2008 12:45:27
(Official Notice)
With regard to the audited results for the year ended 30 June 2008, participatory interest holders are advised that the annual financial statements are available on the fund's website www.emira.co.za and will be distributed to participatory interest holders on or about 27 October 2008 and contain no modifications to the reviewed results which were published on SENS on 22 August 2008.



Notice of annual general meeting

Notice was that the fifth annual general meeting of participatory interest holders will be held at 14h00 on Tuesday, 18 November 2008 at 3 Gwen Lane, Sandton, to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
22 Aug 2008 18:06:26
(C)
Rising interest rates and declining prices in the financial and real estate sectors worldwide, resulted in capital values in the South African listed property sector weakening during the 12 months. Although the underlying income from the portfolio grew at a healthy rate during the period, Emira was not immune to this negative sentiment and, as a result, Emira PI holders experienced a negative total return of 17.0% during the 12 months. This comprised a capital decline of 24.9% and an income return of 7.9%. The percentage of total PIs in issue that traded in the period equated to 29%. The period under review was an active one for the Fund with 14 projects totalling approximately R330 million completed during the period at earnings enhancing yields. Excluding the straight-line adjustments from future rental escalations, revenue rose by 50.8% year-on-year. This was the result of the inclusion of the acquired properties from the effective dates, as well as the Freestone portfolio, which was effective 1 April 2007, for the full 12 months. Property expenses, when adjusted for amortised upfront lease costs, rose by 52.4%, resulting in the ratio of property expenses to revenue rising fractionally from 30.5% in the previous financial year to 30.8%.



Dividends

A final cash distribution of 47.7 cents (2007: 42.25 cents) was declared for the period under review.



Prospects

In line with the board?s mandate, the managers will continue to appraise opportunities to refurbish and extend the Fund?s existing portfolio, acquire new investment opportunities and dispose of non-core properties, at all times considering the relationship between risk and return. The positive supply side fundamentals persisting in the South African commercial property market are expected to continue to play to Emira`s diversified, but well located property portfolio with its extensive tenant base. Growth in the South African economy, although at a more muted rate than in the past few years, is expected to support demand for lettable space, particularly in the office and industrial environments.
22 Aug 2008 18:01:29
(Official Notice)
In terms of a purchase agreement between Emira and Hawley Road Developments (Pty) Ltd on 24 April 2006, which was approved by Emira Participatory Interest ("PI") holders at a general meeting on 22 August 2006, Emira agreed to purchase the letting enterprise which Hawley operated from Erf 900, Karenpark Ext 9.
14 Feb 2008 16:32:24
(C)
Excluding the straight-line adjustments from future rental escalations, revenue rose by 81.3% like-on-like for the 6 months. This was largely as a result of the inclusion of the Freestone portfolio, which was acquired with effect from 1 April 2007, for the full six months. Property expenses, when adjusted for amortised upfront lease costs, rose by 70.2%. Interest costs excluding unrealised gains or losses on interest rate swaps rose by 148.4% as a result of the assumption of Freestone's debt. Net asset value grew from 1 148c to 1 198c (1 260c excluding the deferred tax provision), representing growth of 4.4% in the six months.



Distribution

An interim cash distribution of 44.34c (40.10c) per participatory interest has been declared payable to participatory interest holders, payable on 10 March 2008.



Prospects

Like-on-like growth in respect of the portfolio remains strong. The refurbishments currently underway are expected to contribute positively on completion, but may slightly impact distributions in the short term. Taking the above into account and assuming a stable economic and property market the STREM board believes that growth in distributions delivered in the six months to 31 December 2007 should be replicated for the 12 months to 30 June 2008.
05 Jun 2006 18:03:16
(Official Notice)
Further to the cautionary announcement published on 4 May 2006, participatory interest ("PI") holders are advised that Emira has entered into agreements in respect of the acquisition of a portfolio of properties. PI holders are further advised that Emira has entered into agreements which will result in 14.2% of its PIs being placed with historically disadvantaged South Africans through a partial vendor consideration placement of the PIs issued to the vendors of the properties referred to above, as well as a specific issue of PIs for cash.



Terms of the acquisition

The aggregate purchase consideration of R844.4 million will be settled through cash payments totalling R340.2 million the balance of R504.2 million will be settled through the issue of 61 219 383 PI's.



Having regard to the contents of this announcement, the cautionary announcement relating to Emira is hereby withdrawn and PI holders need no longer exercise caution when dealing in their PIs.
04 May 2006 14:43:21
(Official Notice)
Further to the cautionary announcements released on SENS prior and up to 23 March 2006, holders of participatory interests in Emira ("PI Holders") are advised that the fund is still in discussions regarding a potential transaction which may have an effect on the price at which its participatory interests trade on the JSE. Accordingly, PI Holders are advised to exercise caution when dealing in their participatory interests until such time as a further announcement regarding the potential transaction is published.
23 Mar 2006 15:04:40
(Official Notice)
Further to the cautionary announcements released on SENS prior and up to 9 February 2006, holders of participatory interests in Emira ("PI Holders") are advised that the fund is still in discussions regarding a potential transaction which may have an effect on the price at which its participatory interests trade on the JSE. PI Holders are advised to exercise caution when dealing in their participatory interests until such time as a further announcement regarding the potential transaction is published.
09 Feb 2006 18:22:21
(Official Notice)
Further to the cautionary announcements released on SENS on 23 November 2005 and on 3 January 2006, holders of PIs in Emira are advised that the Fund has entered into discussions in respect of a potential transaction, which may have an effect on the price at which its PIs trade on the JSE. Accordingly, PI holders are advised to exercise caution when dealing in their PIs until such time as a further announcement regarding the potential transaction is published.
09 Feb 2006 18:09:51
(C)
The six-months to December 2005 saw buoyant conditions in both the listed and physical property markets. Vacancies declined further and healthy rental growth was seen in numerous areas. The positively geared acquisitions made by Emira during the previous financial year and in the period in question also contributed to the growth in income. Revenue increased by 6.99% to R217.4 million (R203.2 million) while headline earnings decreased to R110.4 million (R119.0 million).



Distribution

A cash distribution of 36.44cpu has been declared payable on 6 March 2006.



Prospects

Assuming a stable economy and property market for the remainder of the financial year,the board aims to achieve distributions of between 74c and 75c are achievable in the twelve months to June 2006.
03 Jan 2006 10:52:59
(Official Notice)
Further to the cautionary announcement released on SENS on 23 November 2005, holders of participatory interests in Emira are advised that the fund has entered into discussions in respect of a potential transaction which may have an effect on the price at which its participatory interests trade on the JSE. Accordingly, PI Holders are advised to exercise caution when dealing in their participatory interests until such a time as a further announcement regarding the potential transaction is published.
23 Nov 2005 16:04:06
(Official Notice)
Holders of participatory interests in Emira are advised that the fund has entered into discussions in respect of a potential transaction which may have an effect on the price at which its participatory interests trade on the JSE. Accordingly, PI Holders are advised to exercise caution when dealing in their participatory interests until such a time as a further announcement regarding the potential transaction is published.
23 Aug 2005 17:28:57
(C)
The financial year to June 2005 was an extremely successful one for Emira, with healthy growth in distributions and total returns being delivered to unitholders, the portfolio being bedded down post-listing, numerous enhancing acquisitions being made and the fund`s debt profile being restructured.



Distributions for the year amounted to 67.55c per PI. If this is compared to an annualised distribution for the seven months to 30 June 2004 (34,01 cents for the seven months, or 58.3c on an annualised basis) this represents exceptional growth of 15.9% year on year. Moreover, six-month on six-month growth (34.92c to 30 June 2005 compared to 32.63c to December 2004) is 7%. Emira`s PI price rose from 520c in June 2004 to 720c as at 30 June 2005, a rise of 38.5%, and the fund`s market capitalisation rose from R1.48bn to R2.07bn over the same period. Together with the distribution for the year of 67.55c, PI holders therefore received a total return of 51.5% over the past twelve months.
29 Jun 2005 14:51:03
(Official Notice)
Emira advises participatory interest (PI) holders that it has adopted distribution per PI as the financial results measurement for trading statement purposes. The STREM board believes that distribution per PI is more representative of the true, underlying cash flows of the fund to PI holders than earnings per PI or headline earnings per PI. It is effective for the financial period ending 30 June 2005.
26-Nov-2015
(X)
Emira is a diversified South African Real Estate Investment Trust (REIT). It has been listed in the Real Estate Investment Trusts sector on the JSE Ltd since 28 November 2003. Its property portfolio is spread across the office, retail and industrial sectors in line with the Fund's strategic objectives.


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