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12-Nov-2018
(Official Notice)
Shareholders are referred to the Tsogo Sun Holdings Ltd. ("Tsogo") announcement published on SENS on 23 October 2018 regarding the adjournment of the general meeting convened to consider Tsogo's proposed disposal of a portfolio of seven mixed-use casino properties to Hospitality ("transaction") and the subsequent distribution by Tsogo, of its entire Hospitality shareholding to Tsogo shareholders ("unbundling").



Shareholders are further referred to the Tsogo announcement published on SENS on 12 November 2018 and are advised that, following engagement with certain Tsogo investors, the transaction and the unbundling did not enjoy support of sufficient Tsogo shareholders for their implementation. Accordingly, the Tsogo board of directors had withdrawn the resolutions that were to have been considered at the reconvened general meeting scheduled for 09:00 on Monday, 12 November 2018 ("reconvened general meeting") and the sale of shares and subscription agreement has been terminated by agreement between Tsogo, Hospitality and the remaining parties to that agreement. As such, no resolutions were proposed for consideration at the reconvened general meeting and the meeting terminated. Accordingly, the transaction detailed in the circular issued to Hospitality shareholders on 21 September 2018 will not be implemented.
23-Oct-2018
(Official Notice)
Shareholders are referred to previous SENS announcements, the last of which was released on Friday, 21 September 2018, where shareholders were advised that Hospitality had posted a circular relating to the acquisition by Hospitality, through its wholly-owned subsidiary Merway Fifth Investments Proprietary Limited, of the entire issued share capital of Cassava Investments Proprietary Limited and Listed Investments Proprietary Limited from Tsogo Sun Holdings Limited, which companies own seven mixed use casino precincts, for an aggregate purchase consideration of R23 billion (the "transaction"). Shareholders are advised that at the general meeting held on Tuesday, 23 October 2018 ("general meeting"), all resolutions required to approve the transaction were passed by the requisite majority of shareholders.



Shareholders are referred to the notice of general meeting attached to the Hospitality circular dated 21 September 2018 ("circular") for details of the various resolutions referred to below. Unless otherwise defined, words defined in the circular bear the same meaning in this announcement.



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

*total number of Hospitality shares that could have been voted at the general meeting: 575 776 951; and

*total number of Hospitality shares that were present/represented at the general meeting: 545 420 033 (being 94.34% of the Hospitality shares that could have been voted at the general meeting).
18-Oct-2018
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 18 October 2018 (in terms of the notice dispatched on 30 August 2018) all of the resolutions tabled thereat were passed by the requisite majority of Hospitality shareholders.



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

*total number of Hospitality shares in issue as at the date of the annual general meeting: 575 776 951

*total number of Hospitality shares that were present/represented at the annual general meeting: 548 305 663 being 95% of the total number of the Company shares that could have been voted at the annual general meeting
15-Oct-2018
(Official Notice)
Shareholders are advised that the company will be hosting a number of investor presentations in both Cape Town and Johannesburg on 15-16 October 2018 and 17 October 2018 respectively. A copy of the presentation which will form the basis of the engagement will be available on the company?s website http://www.hpf.co.za/investors/presentations/2018 from 10:00 on Monday, 15 October 2018.
28-Sep-2018
(Official Notice)
Shareholders and bondholders are advised that on 27 September 2018 Global Credit Ratings Co. ("GCR") upgraded the national scale issuer ratings assigned to Hospitality to A-(za) and A1-(za) in the long-term and short-term respectively.



The outlook on the rating is accorded as Positive, recognising Hospitality's enlarged and more diversified portfolio of hotels as a result of two significant property transactions concluded with Tsogo Sun Holdings Limited ("Tsogo Sun") ("the Transactions") and the successful refinancing and lengthening of debt maturities, with Hospitality displaying no material debt maturities over the next two years. The Transactions increased Hospitality's portfolio to 53 properties at a combined value of R12.6 billion at FY2018 from R5.3 billion in FY2016.



In addition, GCR noted the recently announced transaction to acquire seven casino precincts from Tsogo Sun, will materially transform Hospitality and further improve its business risk profile by enhancing its scale and diversifying its assets and revenue sources and is expected to strengthen Hospitality's credit risk profile.



Hospitality's rating could potentially be upgraded by multiple notches post the acquisition of the seven casino precincts, depending on the degree of strengthening of its credit risk profile. The full GCR rating report on Hospitality is available online at http://www.hpf.co.za/investors/credit-rating.

21-Sep-2018
(Official Notice)
Further to the announcement released on SENS on 7 September 2018, Hospitality shareholders are advised that the company will, on Friday, 21 September 2018, post the following documents to shareholders:

- a circular relating to the acquisition by Hospitality through its wholly owned subsidiary, Merway, of the entire issued share capital of Cassava Investments (Pty) Ltd. and Listed Investments (Pty) Ltd. from Tsogo Sun Holdings Ltd., which companies own seven mixed use casino precincts, for an aggregate purchase consideration of R23 billion (the "transaction") which includes, inter alia:



The circular (including notice of the general meeting of shareholders, detailed below) and the revised listings particulars are available in electronic format on the company's website at www.hpf.co.za/investors/regulatory-documents. A general meeting of shareholders will be held at 14:00 on Tuesday, 23 October 2018 at Palazzo Towers East, Ground Floor, Montecasino Boulevard, Fourways, South Africa, for the purposes of considering and, if deemed fit, passing, with or without modification, the resolutions necessary to approve and implement the transaction (the "general meeting").



Salient dates

2018

* Circular, incorporating the notice of general meeting and the revised listing particulars posted on Friday, 21 September

* Announcement relating to the issue of the circular, incorporating the notice of general meeting and the revised listing particulars released on SENS on Friday, 21 September

* The general meeting of Hospitality shareholders at 14:00 on Tuesday, 23 October

* Results of the general meeting released on SENS on Tuesday, 23 October



2019

* Declaration announcement in respect of the clean-out dividend released on SENS on Thursday, 31 January

* Finalisation announcement in respect of the clean-out dividend released on SENS on Friday, 15 February

* Last day to trade on the JSE in order to be eligible for the clean-out dividend on Tuesday, 26 February

* Shares commence trading ex the clean-out dividend on the JSE on Wednesday, 27 February

* Conditions precedent expected to be fulfilled by on Friday, 1 March

* Clean-out dividend record date on Friday, 1 March

* Finalisation announcement in respect of the transaction released on SENS on Friday, 1 March

* Clean-out dividend payment date on Monday, 4 March

* Transaction implementation on Friday, 8 March
07-Sep-2018
(Official Notice)
07-Sep-2018
(Official Notice)
Shareholders and bondholders are advised that the board of directors of Hospitality (the "Board") has appointed Mr Robert Nicolella as an Executive Director and the Chief Executive Officer of Hospitality, following the resignation of Mr Keith Randall as an Executive Director and CEO, effective 1 November 2018.



The board further announced that Mr Randall's skills and expertise will be retained by the company and with effect from 1 November 2018, he will step into the role of the Chief Operating Officer of Hospitality.
24-Aug-2018
(Official Notice)
Shareholders are referred to the SENS announcement released on 31 July 2018 and are advised that Hospitality's notice of annual general meeting and the integrated annual report, which includes the company's full remuneration report will be available today on the company's website, http://www.hpf.co.za/investors/financial-reports. The annual general meeting notice will be posted to shareholders on Thursday, 30 August 2018.



The annual general meeting of Hospitality shareholders will be held at Palazzo Towers East, Montecasino Boulevard, Fourways on Thursday, 18 October 2018 at 09h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 9 October 2018 and the record date for voting purposes is Friday, 12 October 2018.
15-Aug-2018
(Official Notice)
Shareholders are advised that independent non-executive director, Mrs Z N Malinga, who is due to retire by rotation at the upcoming annual general meeting of the company, expected to be held on 18 October 2018, has informed the company of her intention to retire from the board of directors of Hospitality (?the Board?) with effect from 18 October 2018, due to increased business commitments and will accordingly not offer herself for re-election. She will, however, continue to server on the Board until such date.



Shareholders are further advised that Mr M H Ahmed has been appointed as an independent non-executive director of Hospitality with effect from 14 August 2018.
31-Jul-2018
(Official Notice)
Shareholders are advised that Hospitality?s audited annual financial statements ("annual financial statements") for the year ended 31 March 2018 (on which the company?s auditors expressed an unmodified audit opinion), have been dispatched to shareholders on 31 July 2018. The annual financial statements contain no changes from the summary consolidated financial results for the year ended 31 March 2018, which were published on SENS on 23 May 2018. The annual financial statements, together with the company?s governance statement are available on the company?s website: http://www.hpf.co.za/investors/financial-reports/integrated-annual-report/2018.



Hospitality?s integrated annual report and the notice of annual general meeting, which will include the company?s full remuneration report, will be published and an announcement in this respect will be released on or about 23 August 2018.



Shareholders are further notified that in accordance with the JSE Listings Requirements, Hospitality?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003, read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2003, has been published and is available on the company?s website, http://www.hpf.co.za/about-us/b-bbee.
09-Jul-2018
(Official Notice)
27-Jun-2018
(Official Notice)
Bondholders are advised of the following financial covenant report.



Hospitality?s (the Group) financial covenant requirements as measured at 30 September and 31 March for the corporate notes in issue, is required to be as follows:

*Loan to Value Ratio does not exceed 50% for the Group;

*Interest Cover Ratio is not less than 1.5:1 for the Group;

*Loan to Value Ratio does not exceed 45% for secured notes; and

*Interest Cover Ratio is not less than 2:1 for secured notes.



The following additional conditions apply:

A Cross-default level of R50m or 0.75% of the total assets of the Group is in place.



The Issuer further confirms that the financial covenant testing for the period has been completed and has been successfully passed and the compliance certificate is available for inspection on their website, www.hpf.co.za.
31-May-2018
(Official Notice)
Shareholders are referred to the cautionary announcements released on SENS on Friday, 2 March 2018 and Wednesday, 18 April 2018 and are advised that negotiations between Hospitality and Tsogo Sun Holdings Ltd. and/or its subsidiaries ("Tsogo Sun") in relation to the potential acquisition by Hospitality of a portfolio of casino, hotel and office properties from Tsogo Sun ("the proposed transaction") are progressing well.



Hospitality expects to publish the detailed terms of the transaction and the proposed timetable shortly. If approved by shareholders and implemented, Hospitality will have acquired a significant portion of Tsogo Sun's casino real estate assets and will house real estate with a fair market value of circa R35 billion. This follows the two transactions concluded in 2016 and 2017, whereby Hospitality acquired a significant portion of Tsogo Sun?s hotel real estate assets.



Shareholders are in the meantime advised to continue to exercise caution when dealing in the company's securities until a further announcement in relation to the proposed transaction is made.
23-May-2018
(C)
The following results are the maiden full twelve month results following the change in year end from June to March and, therefore, are incomparable. Revenue for the year came to R866.9 million whilst operating profit was R820.4 million. Profit attributable to equity holders of R113.8 million was recorded. Furthermore, headline earnings per share were 131.42cps.



Dividend payment

The board has approved and notice is hereby given of a gross dividend payment number 26 of 78.46293 cents per share for the six months ended 31 March 2018.



Prospects

Hotel trading is expected to remain volatile but should settle and improve as the outlook on the South African economy improves. The contribution from the hotel properties in Cape Town is expected to come under pressure due to the increase in supply of hotel rooms and the poor sentiment stemming from the water shortage.



The Fund's gearing is currently low at 15% and is expected to grow to 28% should the Proposed Transaction proceed. The Fund is committed to and able to fund its ongoing capital expenditure programme over a five-year planning horizon.
09-May-2018
(Official Notice)
Shareholders and bondholders are advised that the board of directors of Hospitality (?the Board?) has appointed Mr MSI Gani as an independent non-executive director of Hospitality and as a member and the Chair of the Audit and Risk Committee with effect from 8 May 2018.
23-Apr-2018
(Official Notice)
Bondholders are referred to the announcement released by the Issuer on SENS on 18 April 2018 relating to the ongoing negotiations regarding the potential acquisition by Hospitality of a portfolio of casino, hotel and office properties from Tsogo Sun Holdings Ltd.
18-Apr-2018
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on Friday, 2 March 2018 and are advised that negotiations between Hospitality and Tsogo Sun Holdings Ltd. and/or its subsidiaries (?Tsogo Sun?) in relation to the potential acquisition by Hospitality of a portfolio of casino, hotel and office properties from Tsogo Sun are ongoing (?the proposed transaction?).



Shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement in relation to the proposed transaction is made.
02-Mar-2018
(Official Notice)
21-Feb-2018
(Official Notice)
Bondholders are advised that the Issuer has formally accepted the ratings as assigned by Global Credit Rating Co. (?GCR?) in respect of New Senior Secured Note HPF11 and Existing Secured Notes HPF06 and HPF09 on 19 February 2018. GCR has upgraded the Issuer?s New and Existing Senior Secured Notes with the ratings depicted in the relevant SENS note.



The outlook has been accorded as stable.



The rationale for the upgraded rating is that HPF11, a new Note, was issued on 19 February 2018, to refinance the HPF10 Note, which was settled on 19 February 2018. Concurrently, GCR upgraded the rating accorded to the existing Notes issued by the Issuer.



The full report of the rating assigned by GCR has been made available at the below link http://www.hpf.co.za/wp-content/uploads/2018/02/GCRFeb18.pdf.
06-Feb-2018
(Official Notice)
Shareholders are advised that Ms Linda de Beer has resigned as an independent non-executive director of Hospitality, with effect from 5 February 2018. Ms de Beer also served as the lead independent director and the chair of the audit and risk committee.



The audit and risk committee remains properly constituted with three independent non-executive members. An announcement in respect of the replacement of Ms de Beer as the audit committee chair and lead independent director will be made in due course.



22-Nov-2017
(C)
The following results are the company's maiden interim results following the change in year end from June to March. Revenue for the interim period was R313.9 million. Operating profit came to R287 million. Total comprehensive income for the year of R2.6 billion was recorded. In addition, headline earnings per share were 48.36 cents per share.



Dividend payment

The board has approved and notice is hereby given of a gross dividend payment number 25 of 27.09491 cents per share for the four months ended 30 September 2017.



Presentation

Shareholders are advised that a presentation that provides additional analysis and information, will be available on the company's website at www.hpf.co.za.



Prospects

Growth in hotel trading is expected to remain under pressure given the weak economic growth prospects in South Africa. Growth will further depend on the economy's future performance and the degree of policy certainty emanating from government going forward. Rental income which the Fund derives from its tenants is well diversified, both geographically and in terms of product offering across brand segments. The contribution from the hotel properties in the Cape region may be at risk due to additional supply of hotel rooms entering the market and the severe water shortage.



The Fund's gearing is low at 16% and the Fund is committed to and able to fund its ongoing capital expenditure programme over a five-year planning horizon.
09-Nov-2017
(Official Notice)
01-Nov-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 26 October 2017 and are advised that Mr Willy Ross was not retired automatically at the Company?s annual general meeting as stated, but as noted in the annual general meeting notice posted to shareholders on 29 September 2017, Mr Ross had advised the board of directors of the Company (?the board?) that he intended to retire from the board and as such would not be standing for re-election at the annual general meeting of the Company.
27-Oct-2017
(Official Notice)
In terms of article 28.7 of the Company?s Memorandum of Incorporation, a director of the Company shall automatically retire at the annual general meeting following his seventieth birthday, and shall not be entitled to offer himself for re-election. Accordingly, Mr Willy Ross, a non-executive director of the Company, has retired automatically.

19-Oct-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 19 October 2017 (in terms of the notice dispatched on 20 September 2017) all of the resolutions tabled thereat were passed by the requisite majority of Hospitality shareholders.



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

*total number of Hospitality shares in issue as at the date of the annual general meeting: 575 776 951 (which excludes 2 377 256 ordinary shares, due to dissenting shareholder rights having been exercised).

*total number of Hospitality shares that were present/represented at the annual general meeting: 552 498 602 being 96% of the total number of the Company shares that could have been voted at the annual general meeting



20-Sep-2017
(Official Notice)
Shareholders are advised that the notice of annual general meeting together with the summarised consolidated financial statements for the year ended 31 March 2017 was posted to shareholders on Wednesday, 20 September 2017 and is available on the Company?s website, www.hpf.co.za.



The annual general meeting of Hospitality shareholders will be held at Crowne Plaza Johannesburg - The Rosebank, corner Tyrwhitt and Sturdee Avenues, Rosebank on Thursday, 19 October 2017 at 10h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 10 October 2017 and the record date for voting purposes is Friday, 13 October 2017.



The integrated annual report for the year ended 31 March 2017 will be published on Hospitality?s website on 29 September 2017.

07-Sep-2017
(Official Notice)
Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the Company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the Company?s website, www.hpf.co.za.



31-Aug-2017
(Official Notice)
Shareholders are advised that Hospitality?s audited annual financial statements (?audited results?) report for the period ended 31 March 2017 was dispatched to shareholders today and is available on the company?s website ? www.hpf.co.za. The only change from the reviewed condensed consolidated financial results for the period ended 31 March 2017 (?reviewed results?) released on SENS on 24 May 2017 is noted below:



A Nedbank loan, identified as loan 04, to the value of R150 million which expires in February 2018, was previously disclosed under non-current liabilities in the reviewed results. The loan has been reclassified to current liabilities in the audited results. The total liabilities balance remains R 1 857 560 000 in both the reviewed results and audited results. No other balances or amounts were affected by this reclassification.
31-Aug-2017
(Official Notice)
Bondholders are advised that Hospitality?s audited annual financial statements (?audited AFS?) for the period ended 31 March 2017 are available at the registered office of the Issuer.



The audited AFS have also been made available on the Issuer?s website ? www.hpf.co.za.



The Issuer would like to highlight that the only change from the reviewed condensed consolidated financial results for the period ended 31 March 2017 (?reviewed results?) released on the Issuer?s website - www.hpf.co.za, is noted below:



A Nedbank loan, identified as loan 04, to the value of R150 million which expires in February 2018, was previously disclosed under non-current liabilities in the reviewed results. The loan has been reclassified to current liabilities in the audited results. The total liabilities balance remains R1 857 560 000 in both the reviewed results and audited results. No other balances or amounts were affected by this reclassification.
07-Aug-2017
(Official Notice)
Shareholders are referred to the circular that was published on Tuesday, 18 July 2017 containing details of the rights offer to Hospitality shareholders to raise R1 billion through an offer to Hospitality shareholders of 71 428 571 new shares (?rights offer shares?) in the ratio of 21.76820 rights offer shares for every 100 Hospitality shares held on the rights offer record date, at an issue price of R14.00 per rights offer share (?rights offer?).



Shareholders are hereby notified that the rights offer closed on Friday, 4 August 2017 and the results thereof are set out in the relevant SENS note.



Shareholders are advised that applications for excess shares will be awarded in full and that 6 422 271 rights offer shares will be awarded to shareholders in respect of such excess applications.



Dematerialised shareholders who subscribed for rights offer shares will have their accounts at their CSDP or broker debited and updated with the rights offer shares to which they are entitled on Monday, 7 August 2017.



Certificated shareholders who subscribed for rights offer shares will have their accounts at their CSDP or broker debited and updated with the rights offer shares to which they are entitled posted to them at their own risk on Monday, 7 August 2017.



The date of commencement of trading of the rights offer shares on the JSE is Monday, 7 August 2017. Following the issue of the rights offer shares, the total issued share capital of the company will increase to 576 003 351 shares.
25-Jul-2017
(Official Notice)
We refer to the request for consent (Consent Request) dated 3 July 2017 delivered by the Issuer to each holder of Notes (the Noteholders) issued under the Issuer?s ZAR5,000,000,000 Domestic Medium Term Note Programme (the Programme) pursuant to the section headed ?Terms and Conditions of the Notes? (the Terms and Conditions) in the programme memorandum dated 28 April 2017 (the Programme Memorandum), in accordance with Condition 18 (Notices) of the Terms and Conditions for the purposes of obtaining the Noteholders? written consent to authorise TMF Corporate Services (South African) (Pty) Ltd. (as Noteholder Trustee and Finance Provider) to provide the necessary consent to allow Hospitality Guarantee SPV (RF) (Pty) Ltd. (the Debt Guarantor), as the holder of certain Mortgage Bonds (defined below) forming part of the underlying security applicable to the ZAR60,000,000 Senior Secured Noted due 2020 (with Stock Code HPF06), ZAR80,000,000 Senior Secured Notes due 2017 (with Stock Code HPF07), ZAR150,000,000 Senior Secured Notes due 2019 (with Stock Code HPF09) and ZAR600,000,000 Senior Secured Notes due 2018 (with Stock Code: HPF10) (together the Senior Secured Notes) to agree to the proposed extension of the time period in respect of the Real Right of Extension (as defined in the Consent Request).



We confirm that 95.9% of all secured Noteholders consented in favour of the proposed authorisations and consents.

13-Jul-2017
(Official Notice)
Shareholders are referred to the announcement published on SENS on Tuesday, 11 July 2017 (the ?announcement?) in respect of the proposed R1.0 billion rights offer to Hospitality shareholders (the ?rights offer?).



Shareholders are advised that the rights offer is unconditional and accordingly, will now be implemented.



Salient terms of the rights offer

Hospitality shareholders will be offered a total of 71 428 571 Hospitality shares (?rights offer shares?) at an issue price of R14.00 per rights offer share (?rights offer issue price?) in the ratio of 21.76820 rights offer shares for every 100 Hospitality shares held on the record date for the rights offer.



The JSE has granted listing for the letters of allocation and the rights offer shares on the securities exchange of the JSE as follows:

* letters of allocation in respect of 71 428 571 rights offer shares will be listed on the JSE from Wednesday, 19 July 2017 to the close of business on Thursday, 1 August 2017, both days inclusive, under the JSE code: HPBN and ISIN: ZAE000243994; and

* 71 428 571 rights offer shares listed on the JSE on Wednesday, 2 August 2017.



The salient dates and times of the rights offer remain the same as those published in the announcement.



Fractions

The allocation of rights offer shares will be such that shareholders will not be allocated a fraction of a rights offer share and as such any entitlement to receive a fraction of a rights offer share which:

* is less than one-half of a rights offer share, will be rounded down to the nearest whole number; and

* is equal to or greater than one-half of a rights offer share but less than a whole rights offer share, will be rounded up to the nearest whole number.



Circular

Further details of the rights offer will be set out in the circular to Hospitality shareholders (?the rights offer circular?) which is expected to be posted to certificated shareholders on Thursday, 20 July 2017 and to dematerialised shareholders on who have elected to receive documents in hard copy on Tuesday, 25 July 2017. The rights offer circular will be made available on Hospitality?s website (www.hpf.co.za) from Tuesday, 18 July 2017.
12-Jul-2017
(Permanent)
The company increased its authorised share capital capacity on 08 May 2017, from 600 000 000 ordinary shares of no par value to 2 000 000 000 ordinary shares of no par value in preparation for the potential acquisition, directly or indirectly, from Tsogo Sun and/or its subsidiaries of a R3.3 billion portfolio of hotel assets.
11-Jul-2017
(Official Notice)
10-Jul-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 9 June 2017, wherein they were advised that Hospitality had posted a circular relating to the proposed acquisition by Hospitality from Southern Sun Hotels (Pty) Ltd. (?SSH?) of the entire issued share capital of The Cullinan Hotel (Pty) Ltd. and Merway Fifth Investments (the ?transaction?). Shareholders are advised that at the general meeting held on Monday, 10 July 2017 (?general meeting?), all resolutions required to approve the transaction (other than special resolution 1, to approve the change of name, which was withdrawn at the general meeting) were passed by the requisite majority of shareholders.
03-Jul-2017
(Official Notice)
09-Jun-2017
(Official Notice)
09-Jun-2017
(Official Notice)
08-Jun-2017
(Official Notice)
Shareholders are advised that the board of directors of Hospitality (the ?Board?) has appointed Mr Jacques Booysen as a non-executive director of Hospitality with immediate effect.



Mr Booysen represents Southern Sun Hotels (Pty) Ltd., the majority shareholder of the company and a wholly owned subsidiary of Tsogo.







31-May-2017
(Official Notice)
Shareholders are advised that Mr Marcel von Aulock has resigned as a non-executive director of Hospitality, with effect from 1 June 2017, following his resignation from the board of directors of Tsogo Sun Holdings Ltd (?Tsogo?).



Mr von Aulock represented Southern Sun Hotels (Pty) Ltd, the majority shareholder of the company and a wholly owned subsidiary of Tsogo.



An announcement in respect of the replacement of Mr von Aulock on the Board will be made in due course.

29-May-2017
(Official Notice)
Hospitality has received approval from the JSE for the amendments to the HPF06, HPF07, HPF08, HPF09 and HPF10 notes.



The amendments to the HPF08 APS is to incorporate the changes per the amended and restated Programme Memorandum (?the Programme?). The amendments to the HPF06, HPF07, HPF09 and HPF10 APS? are to incorporate the changes per the amended and restated Programme as well as to amend the Security Structure of the notes.



The amended APS? are available for inspection at the registered office of the Issuer and can also be accessed on their website at www.hpf.co.za/investor-centre/regulatory-documents. The amended APS?s will also be available for inspection on the JSE website www.jse.co.za.
24-May-2017
(C)
Hospitality's results are for the nine months ended 31 March 2017 following the change of year-end from June to March therefore there are no comparatives. Revenue for the nine months was R498.8 million and operating profit was R459.9 million. Total profit and comprehensive income for the year was recorded at R544.6 million. Furthermore, headline earnings per share was 103.75 cents per share.



Dividend payment

The board has approved and notice is hereby given of a gross dividend payment number 23 of 44.92012 cents per share for the three months ended 31 March 2017.



Company prospects

Growth in hotel trading is expected to remain under pressure given the weak economic growth prospects in South Africa. Growth will further depend on the economy's future performance and the degree of policy certainty emanating from the government going forward. The Fund remains positive that the rental income it derives from its tenants is well-diversified, both geographically and in terms of product offering across brand segments. The contribution from the elevated performances of the hotel properties in the Cape region could be at risk due to additional supply entering the market.

The Fund continues with the following:

* the integration of the 1st Transaction portfolio, which increased the Fund's room count by 1 978 rooms to 5 232 rooms;

*the implementation of the 2nd Transaction in relation to the acquisition of 29 additional hotels consisting of 3 771 rooms; and

* the implementation of the acquisition of various additional sections and exclusive use areas in the Sandton Eye Scheme.



The Fund's gearing is low at 22.4% and the Fund is committed to and able to fund its ongoing capital expenditure programme over a five-year planning horizon.

18-May-2017
(Official Notice)
Given the nature of its business, Hospitality uses distribution/dividend per share as its key performance measure.



The distribution for the previous corresponding period, being the year ended 30 June 2016 (the ?previous corresponding period?), was 155.62 cents per A-share and 34.81 cents per B-share.



The distribution for the period ended 31 March 2017 (the ?current period?) is not comparable to the previous corresponding period due to the following factors:

* Hospitality changed its year end from June to March in order to align its financial reporting period with that of its controlling shareholder, Tsogo Sun Holdings Ltd. As a result, the distribution for the previous corresponding period was for a twelve month period, whereas the distribution for the current period is in respect of a nine month period; and

* with effect from 31 August 2016, the company?s dual-class share capital structure was restructured into a single-class share capital structure, in the ratio of one ordinary share for every A-share held and one ordinary share for every 3.5 B-shares held.



An interim distribution of 56.09 cents per ordinary share was declared for the four months ended 31 December 2016.



In these circumstances, the board believes it to be appropriate to provide shareholders with guidance on the expected distribution for the three months ended 31 March 2017 being between 42 and 46 cents per ordinary share, implying a total distribution for the current period of between 98.09 and 102.09 cents per ordinary share.



The financial results for the year ended 31 March 2017 will be published on or about 24 May 2017.
18-May-2017
(Official Notice)
03-May-2017
(Official Notice)
Hospitality has received approval from the JSE for its Amended Programme. The Amended Programme Memorandum is available for inspection at the registered office of the Issuer and can also be accessed on their website at www.hpf.co.za/investor-centre/regulatory-documents. The Amended Programme Memorandum will also be available for inspection on the JSE website www.jse.co.za.
02-May-2017
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on Wednesday, 29 March 2017 and are advised that negotiations between Hospitality and Tsogo Sun Holdings Ltd. and/or its subsidiaries (?Tsogo Sun?) in relation to the potential acquisition from Tsogo Sun of a portfolio of hotel assets (the ?proposed transaction?) are still ongoing. Shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement in relation to the proposed transaction is made.
20-Apr-2017
(Official Notice)
Shareholders are referred to the category 2 announcement released on SENS on Tuesday, 11 April 2017, wherein shareholders were advised that HPF Properties (Pty) Ltd. (?HPF?), a wholly owned subsidiary of Hospitality has, subject to certain conditions precedent, concluded:

*an agreement (the ?scheme purchase agreement?) with Savana Property Pty Ltd (?Savana?) to acquire various sections and exclusive use areas of the Sandton Eye sectional title scheme (the ?scheme?) (the ?scheme acquisition?); and

*an agreement (the ?real right purchase agreement?) with Sandton Isle Investments Pty Ltd to acquire an existing Real Right of Extension in the scheme (the ?real right acquisition?).



Supplementary information

Details of the scheme and real right acquisition

Hospitality currently owns 58.13% of the Sandton Eye sectional title scheme comprising 220 rooms, conference facilities, the Central One Restaurant and Bar, an outdoor swimming pool and sun deck of the upscale Radisson Blu Gautrain Hotel.

The scheme acquisition, which will increase Hospitality?s interests in the scheme (?participation quota?) from 58.13% to 81.54%. In terms of the real right acquisition HPF will acquire 10 000m? of bulk rights to extend the scheme by an additional 7 floors. The real right acquisition also includes pre-completed works towards the additional development. The weighted average rental per square metre of the scheme is R287.54/m2 per month.
19-Apr-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 9 March 2017 regarding the submission to shareholders of a special resolution approving the increase of the authorised share capital and a special resolution in terms of section 41(3) of the Act authorising the Company to issue 30% or more of the Company?s ordinary shares (collectively, ?the resolutions?) in terms of section 60 of the Act. Shareholders are advised that the resolutions were approved and adopted by the Company in terms of section 60(2) of the Act.
11-Apr-2017
(Official Notice)
Shareholders are advised that HPF Properties (Pty) Ltd. (?HPF?), a wholly owned subsidiary of Hospitality has, subject to certain conditions precedent, concluded:

* An agreement (?the scheme purchase agreement?) with Savana Property (Pty) Ltd. (?Savana?) to acquire various sections and exclusive use areas of the Sandton Eye sectional title scheme (?the scheme?) (?the scheme acquisition?); and

* An agreement (?the real right purchase agreement?) with Sandton Isle Investments (Pty) Ltd. to acquire an existing Real Right of Extension in the scheme (?the real right acquisition?).



Funding

The aggregate purchase consideration of R301 550 000 (?purchase consideration?), will be settled as follows:

- R271 395 000 in cash on the transfer date, being the date of registration of the scheme and the real right acquisitions to HPF; and

- R30 155 000 by way of the issue of Hospitality shares, at the 30 day volume-weighted average price on 22 June 2017 (?consideration shares?).



Conditions precedent

The scheme acquisition and real right acquisition are subject to the fulfilment or waiver, as the case may be, of the following conditions precedent:

- HPF providing the conveyancer with a guarantee for the purchase consideration by no later than 31 May 2017;

- Competition Commission approval being received by no later than 15 June 2017. This condition precedent being extendable up to 31 July 2017;

- the real right purchase agreement becoming unconditional by no later than 31 July 2017;

- the scheme purchase agreement becoming unconditional by no later than 31 July 2017;

- Hospitality obtaining JSE approval for the listing of the consideration shares by no later than 31 July 2017; and

- the conveyancer lodging the transfer/registrations of the scheme acquisition and real right acquisition by no later than 1 August 2017.



Cautionary announcement

Shareholders are referred to the further cautionary announcement released on SENS on Wednesday, 29 March 2017 and are advised to continue to exercise caution when dealing in the company?s securities until a further announcement in relation to the proposed transaction is made.
06-Apr-2017
(Official Notice)
This notice of request for consent (this Consent Request) is delivered by the Issuer to each holder of Notes (the Noteholders) issued under the Issuer?s ZAR2 000 000 000 Domestic Medium Term Note Programme (the Programme) pursuant to the section headed ?Terms and Conditions of the Notes? (the Terms and Conditions) in the programme memorandum dated 28 March 2013 and as amended and restated from time to time (the Programme Memorandum), in accordance with Condition 19 (Notices) of the Terms and Conditions for the purposes of obtaining the Noteholders? written consent to various amendments in order to restructure and increase the flexibility of the underlying security structure applicable to the Senior Secured Notes, such amendments including inter alia, increasing the Programme size from ZAR2 000 000 000 to ZAR5 000 000 000 and making consequential changes to the Applicable Pricing Supplements relating to the Notes (the Existing Applicable Pricing Supplements).
29-Mar-2017
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on Friday, 10 February 2017 and are advised that negotiations between Hospitality and Tsogo Sun Holdings Ltd. and/or its subsidiaries (?Tsogo Sun?)in relation to the potential acquisition from Tsogo Sun of a portfolio of hotel assets are ongoing (?the proposed transaction?). Shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement in relation to the proposed transaction is made.
09-Mar-2017
(Official Notice)
Shareholders are advised that the board of directors of the company (?the Board?) has resolved to submit to shareholders for consideration a special resolution approving the increase of the authorised share capital and a special resolution in terms of section 41(3) of the Companies Act authorising the Company to issue 30% or more of the company?s ordinary shares (collectively, ?the proposed resolutions?).



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



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



A notice of submission together with the proposed resolutions and a form of written consent was distributed to shareholders today setting out the detailed actions required to be taken by shareholders in respect of the proposed resolutions. A copy of the notice of submission, proposed resolutions and form of written consent will be available on Hospitality?s website www.hpf.co.za/investor-centre/notices/ from Thursday, 9 March 2017.



The board has resolved that the record date for determining which shareholders are entitled to vote on the proposed special resolutions in terms of the written consent is Friday, 3 March 2017.

24-Feb-2017
(Official Notice)
Shareholders are referred to unaudited condensed consolidated interim results for the six months ended 31 December 2016 and cash dividend declaration announcement published on SENS 10 February 2017, wherein shareholders were advised of gross dividend payment number 22 of 56.090 cents per ordinary share for the four-month period ended 31 December 2016. Shareholders are advised that the gross dividend amount to five decimal places is 56.09002 cents per share.



Shareholders are further advised that 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 44.87202 cents per ordinary share and not 47.67650 cents per ordinary share as previously disclosed. The tax position in respect of the dividend received by or accrued to South African tax residents remains unchanged.



The salient dates and times and other information provided in respect of the dividend declaration announced on 10 February 2017 remain unchanged.
13-Feb-2017
(Official Notice)
Hospitality advised bondholders that the interim results of the Issuer for the period ended 31 December 2016 are available for inspection at the registered office of the Issuer.



Hospitality?s interim results have also been made available on its website at http://www.hpf.co.za/.

10-Feb-2017
(C)
Revenue for the interim period increased to R302.7 million (2015: R235.6 million). Operating profit rose to R276.2 million (2015: R214.6 million), while total profit and comprehensive income for the period came in higher at R231.5 million (2015: R148.1 million). Furthermore, headline earnings per share was recorded at 59.14cps (2015: 106.64cps).



Change of year-end

Hospitality has changed its year-end from June to March to align with that of its major shareholder, Tsogo Sun. Results for the year ending 31 March 2017 are expected to be released on SENS on or about Wednesday, 24 May 2017.



Dividend payment

The Board has approved and notice is hereby given of a gross dividend payment number 22 of 56.090 cents per ordinary share for the four-month period ended 31 December 2016.



Prospects

The outlook for the domestic economy in 2017 is slightly improved, but remains volatile. Inflation is expected to remain at current levels, with ongoing pressure on hotel operating and administered costs. The continued stability of the Rand, albeit at stronger levels against major currencies provides support for the value proposition of the South African tourism sector to international tourists. Demand for conferencing remains muted both in the public and private sector due to continued austerity in discretionary spending.



The Fund continues to assess value accretive property acquisitions, both within Tsogo's existing portfolio and external opportunities to increase the Fund's critical mass. The most significant of these would involve a proposed acquisition of additional hotels from Tsogo, funded through a combination of debt and equity. Accordingly, subject to the conclusion of formal agreements in respect of the proposed acquisitions and the securing of any necessary shareholder approvals, the Fund is preparing to undertake an underwritten rights offer to raise approximately R1.8 billion at offer pricing based on the then prevailing market price of the Fund's shares. The Fund is also negotiating a further increase in debt facilities. Further detailed announcements in this regard will be made in due course.
10-Feb-2017
(Official Notice)
Shareholders are referred to the company?s unaudited consolidated interim results for the six months ended 31 December 2016, released on SENS on 10 February 2017 and are advised that Hospitality has entered into negotiations with Tsogo Sun Holdings Ltd.and/or its subsidiaries (?Tsogo Sun?) in relation to the potential acquisition from Tsogo Sun of a circa R3.3 billion portfolio of hotel assets (the ?proposed transaction?).



The proposed transaction will be implemented on an income-for-income basis and funded by Hospitality through a combination of debt and equity. Accordingly, subject to the conclusion of formal agreements in respect of the proposed transaction and securing of any necessary shareholder approvals, Hospitality is preparing to undertake an underwritten rights offer to raise approximately R1.8 billion at offer pricing based on the then prevailing market price of the company?s shares. Shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement in relation to the proposed transaction and rights offer is made.

08-Feb-2017
(Permanent)
The company changed its year end from June to March.
08-Feb-2017
(Official Notice)
Noteholders are advised that the Company has changed its year-end from June to March to align with that of Hospitality?s major shareholder, Tsogo Sun Holding Ltd. Results for the year ending 31 March 2017 are expected to be released on SENS on or about Wednesday, 24 May 2017.
03-Feb-2017
(Official Notice)
The six months under review saw the completion of the Tsogo Sun Holdings Ltd. transaction* as well as the restructure of the Company?s dual-class share capital structure to a single-class share capital structure, in the ratio of one ordinary share for every A-share held and one ordinary share for every 3.5 B-shares held (?the Restructure?).



On conclusion of the Restructure and in-line with the Fund?s then dual class distribution policy, A-shares received a cleanout dividend of 9.29 cents per share for the period 1 July 2016 to 31 August 2016.



As a result of the factors mentioned above, as well as the effect of the disposals of certain non-core properties during this period, the distribution for the ordinary share for the period 1 September 2016 to 31 December 2016 is not comparable to the distribution for the 6 months to 31 December 2015 of 77.00 cents per A-share and 16.87 cents per B-share.



However, in these exceptional circumstances, the board believes it to be appropriate to provide guidance on the expected distribution and shareholders are accordingly advised that the distribution for the 4 months from 1 September 2016 to 31 December 2016 is expected to be between 54.00 and 58.00 cents per ordinary share.



The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company?s auditors. The financial results for the six months ended 31 December 2016 will be published on or about 10 February 2017.



*The acquisition by Tsogo Sun Holdings Ltd. of a controlling stake in Hospitality by vending a portfolio of ten hotel properties into Hospitality in exchange for the issue of 145 000 000 ordinary shares on 11 October 2016.

30-Jan-2017
(Official Notice)
Shareholders are advised that Java Capital has been appointed as sponsor to the company, replacing Rand Merchant Bank, with effect from 1 February 2017.
05-Dec-2016
(Official Notice)
Shareholders are referred to the recent announcements made on SENS regarding the appointment of John Copelyn, Zibusiso Kganyago, Laurelle McDonald, Rob Nicolella and Marcel von Aulock as non-executive directors as well as the appointment of Mara de Lima as Financial Director and Keith Randall as Chief Executive Officer to the board.



Further to these changes, John Copelyn has been appointed as Chairman of the board and replaces Don Bowden in that capacity. Linda de Beer in her capacity as independent director to the board has been appointed as lead independent director. These changes are effective from 30 November 2016.



The board is in the fortunate position that Don will continue to serve as an independent non-executive director and as such the Group will continue to benefit from his knowledge and expertise.
23-Nov-2016
(Official Notice)
Shareholders are advised that at the annual general meeting ("the meeting"), held on 22 November 2016, all the ordinary and special resolutions proposed were approved by the requisite majority of votes.



Special resolution/s, where necessary, will be lodged for filing by the Companies and Intellectual Property Commission.
25-Oct-2016
(Official Notice)
Hospitality would like to advise all its Shareholders that on 18 October 2016 Global Credit Ratings (?GCR?) upgraded the national scale issuer ratings assigned to Hospitality to BBB+(za) and A2(za) in the long term and short term respectively. The outlook on the rating is accorded as Stable, recognising the strengthening of Hospitality?s credit profile, as well as the increased portfolio scale following the recent concluded transaction with Tsogo Sun Holdings Ltd. (?Tsogo?). The transaction brought on 10 established properties, raising the value of Hospitality?s consolidated property investments from R5.3 billion FYE16 to an estimated R7.1 billion as well as the resultant potential pipeline of future acquisition opportunities.



At FYE16, Hospitality?s LTV ratio was reported at a conservative 33%. With the Tsogo transaction being ungeared, GCR expects that Hospitality?s leverage will fall to the lower end of its targeted range of 25%-35% over the intermediate term unless major acquisitions materialise. Other key credit metrics, such as interest coverage and earnings based gearing are expected to remain at stronger levels due to moderate debt increases and cash flow growth. The full GCR rating report on Hospitality is available online at http://www.hpf.co.za/downloads/GCROct16.pdf
25-Oct-2016
(Official Notice)
Hospitality advised bondholders that the annual financial statements of the Company for the period ended 30 June 2016 are available for inspection at the registered office of the Company. Hospitality?s annual financial statements are also available on its website at www.hpf.co.za/downloads/hpfjune16.pdf
20-Oct-2016
(Official Notice)
With regard to the reviewed results for the year ended 30th June 2016, shareholders are advised that the Integrated Annual Report ("the Report") has been distributed today, 19 October 2016 and contains no modifications to the reviewed results which were published on SENS on 24 August 2016. The Report can be downloaded from www.hpf.co.za/downloads/hpfjune16.pdf with immediate effect.



Notice of annual general meeting

The annual general meeting of Hospitality?s shareholders will be held at 10:00 on Tuesday, 22 November 2016 at Crowne Plaza Johannesburg ? The Rosebank, Corner Oxford Road and Tyrwhitt Avenue, Rosebank to transact the business as stated in the annual general meeting notice ("Notice") forming part of the Report.
19-Oct-2016
(Official Notice)
Hospitality would like to advise all its Shareholders that on 18 October 2016 Global Credit Ratings (?GCR?) upgraded the national scale issuer ratings assigned to Hospitality to BBB+(za) and A2(za) in the long term and short term respectively.



The outlook on the rating is accorded as Stable, recognising the strengthening of Hospitality?s credit profile, as well as the increased portfolio scale following the recent concluded transaction with Tsogo Sun Holdings Ltd. (?Tsogo?). The transaction brought on 10 established properties, raising the value of Hospitality?s consolidated property investments from R5.3 billion FYE16 to an estimated R7.1 billion as well as the resultant potential pipeline of future acquisition opportunities.



At FYE16, Hospitality?s LTV ratio was reported at a conservative 33%. With the Tsogo transaction being ungeared, GCR expects that Hospitality?s leverage will fall to the lower end of its targeted range of 25%-35% over the intermediate term unless major acquisitions materialise. Other key credit metrics, such as interest coverage and earnings based gearing are expected to remain at stronger levels due to moderate debt increases and cash flow growth.

The full GCR rating report on Hospitality is available online at www.hpf.co.za/downloads/GCROct16.pdf

11-Oct-2016
(Official Notice)
Shareholders are advised that the Board of Hospitality Property Fund Ltd. through its wholly owned subsidiary HPF Properties (Pty) Ltd. ("Propco"), approved and agreed the terms of the disposal of its interests in IOTS to African Hotel Development Cape Town (Pty) Ltd. ("AHDCT" or "the purchaser"), which is part of the Onomo Hotel Group, ("the Disposal" or "the Transaction") for a total cash consideration of R157 million ("Disposal Consideration") on 10 October 2016.



The disposal

The IOTS is an economy hotel located adjacent to the Greenmarket Square in the central business district of Cape Town and is managed by aha Hotels - Lodges ("AHA"), a subsidiary of the Tourvest group. IOTS consists of 165 rooms, the Dish Restaurant, the Cigar Lounge and Bar, a small outdoor swimming pool, as well as a small fitness centre. It is expected that registration of transfer of the property will take place during November 2016 ("the effective date"), subject to the fulfilment of the conditions precedent below.



AHA will continue to manage the property and business on behalf of AHDCT in terms of the current Fixed and Variable Lease Agreement ("F-V Lease") until 30 April 2017 after which the F-V Lease will terminate. The Disposal Consideration, which is receivable in cash on the effective date will be held in a cash account and will either be utilised by Hospitality towards future acquisitions or to settle a portion of the R600 million notes expiring in February 2017, either of which are better aligned with the overall strategy of the Fund.An independent valuation of the IOTS was conducted by JHI (Gensec Property Services Limited), who attributed a value of R106 million to the IOTS as at 30 June 2016. The Disposal Consideration represents a 36.8% premium to the open market value.



Conditions precedent

The implementation of the Disposal is subject to the fulfillment by Propco, or waiver, as the case may be, of the written consent from Hospitality Guarantee SPV (Pty) Ltd to release the immovable property as a security and cancel the mortgage bonds on the immovable property.
06-Oct-2016
(Official Notice)
05-Oct-2016
(Permanent)
Reclassification of B shares as ordinary shares under the existing share code HPB and ISIN ZAE000214656, from the commencement of trade - Wednesday, 5 October 2016.
05-Oct-2016
(Permanent)
A 3.5:1 share consolidation of B shares under the existing share code HPB and ISIN ZAE000214656 took place on 5 October 2016, historical figures have been adjusted.
29-Sep-2016
(Official Notice)
Hospitality released its preliminary report for the year ending 30 June 2016 on SENS on 24 August 2016. Shareholders are advised that Hospitality?s Integrated Annual Report (?IAR?) will be posted on Wednesday, 19 October 2016 and will be available on Hospitality?s website http://www.hpf.co.za on the same day.

23-Sep-2016
(Official Notice)
21-Sep-2016
(Official Notice)
As previously announced, Tsogo Sun Holdings Ltd. (?Tsogo?) will acquire a majority stake in Hospitality (?the transaction?). The transaction became effective on 1 September 2016.



Tsogo has nominated a new Chief Executive Officer (?CEO?) and Financial Director (?FD?) for the company and the board has approved these nominations.



In line with the change of control clause contained in the CEO?s contract of employment, Vincent Joyner?s termination as CEO and a member of the board of Hospitality (?Board?) is announced with effect from 31 December 2016.



Keith Randall has been appointed to the position of CEO at Hospitality with effect from 1 January 2017.



The board also appointed Mara de Lima as Financial Director, effective 30 September 2016.



Riaan Erasmus who has been the Acting Financial Director of Hospitality will continue in the role of Senior Group Financial - Treasury Manager.

20-Sep-2016
(Official Notice)
Shareholders are referred to the announcement released jointly by Tsogo Sun Holdings Ltd (?Tsogo Sun?) and Hospitality on 1 September 2016 and are advised that an announcement of the final dates and times for implementation of the transaction in terms of which Tsogo Sun will acquire a controlling stake in Hospitality, the restructure of Hospitality?s dual-class share capital structure to a single-class share capital structure and the declaration of a clean-out dividend of an aggregate amount equal to Hospitality?s distributable profit as at 31 August 2016, will be released upon finalisation of the unaudited financial statements of Hospitality for the period from 1 July 2016 to 31 August 2016. A further announcement in this regard will be made in due course.

01-Sep-2016
(Official Notice)
24-Aug-2016
(C)
Revenue for the year grew to R474.3 million (R433.3 million). Operating profit also jumped to R429.5 million (R392.6 million). Total profit and comprehensive income for the year multiplied to R501.2 million (R134.3 million). In addition, headline earnings per A-share and B-share increased to 98.69 cents per share (81.10 cents per share).



Dividend

Shareholders will receive a gross distribution payment number 21 for the six-month period ended 30 June 2016 of 78.62 cents per A-share and 17.94 cents per B-share respectively.



Prospects

Although the local currency stabilised after the end of the financial year, the overall weakening of the Rand buoyed the South African hospitality sector, despite the weak domestic economy. South Africa has become a more affordable destination for international tourists and there has been an increase in domestic travellers opting to travel locally. Although public sector spending remains under pressure, the approval of increased rates on travel budgets is positive for the Fund.



Inflation is expected to rise as a consequence of the weaker Rand and the drought impact, thereby putting upward pressure on hotel operating costs.



Looking forward, the Fund is well positioned, with upside potential for rates in hotels located in high tourist areas particularly the Western Cape. The domestic business and leisure sector is expected to be stable. Public sector conferencing, which slowed in the run up to the municipal elections, is expected to normalise.
11-Aug-2016
(Official Notice)
Shareholders are referred to various announcements relating to the transaction in terms of which Tsogo Sun Holdings Ltd. ("Tsogo Sun") will acquire a controlling stake in Hospitality by vending a portfolio of ten hotel properties into Hospitality in exchange for the issue of Hospitality ordinary shares ("the Transaction"), the last of which was released jointly by Tsogo Sun and Hospitality on 15 December 2015 and by Hospitality on 14 April 2016.



Tsogo Sun and Hospitality are pleased to announce that the Transaction has been approved by the Competition Tribunal, subject to conditions accepted by both parties, and that a merger clearance certificate has been issued. Accordingly, save for certain administrative conditions precedent that remain to be fulfilled, including, inter alia, receipt of confirmation by the Companies and Intellectual Properties Commission that it has accepted and placed on file all relevant documents required to effect the Transaction, the Transaction is now unconditional in accordance with its terms.



Tsogo Sun and Hospitality anticipate that the remaining conditions precedent to the Transaction will be fulfilled by 31 August 2016, such that the effective date of the Transaction will be 1 September 2016. A further announcement will be released regarding fulfilment of the outstanding conditions precedent to the Transaction at the appropriate time, which announcement will include a detailed timetable for its implementation.
02-Aug-2016
(Media Comment)
According to Business Day Hospitality Property Fund has started to turn the corner. The company saw its A and B shares rise on Monday, after it announced that it expected its distributions to have grown steadily in the six month to June. The first half of 2016 has seen an improvement in the group's fortunes. Income has been boosted by growth in tourism, especially in Cape Town, owing to a weak rand.
01-Aug-2016
(Official Notice)
The combined A and B share distribution for the 6 months ended 30 June 2015 amounted to 78.91 cents made up of 74.88 cents per A share and 4.03 cents per B share. The 2015 final distribution (?previous corresponding period?) forms the basis for the purpose of this trading statement.



The combined A and B share distribution for the 6 months ended 30 June 2016 is expected to be between 21.8% and 22.9% higher than the previous corresponding period or between 96.15 and 96.96 cents. The A share distribution for the 6 months ended 30 June 2016 will be in accordance with the company?s distribution policy, at 78.62 cents per A share and the B share distribution is accordingly expected to be between 335% and 355% higher than the previous corresponding period or between 17.53 and 18.34 cents per share.



Trading conditions remain challenging, however the tourism sector has seen some increased growth, particularly in the Cape Town node. This was driven mainly by an increase in international and local travellers as a result of the weakening Rand.
14-Apr-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on 13 April 2016 advising them that Hospitality had informed the Takeover Regulation Panel (?TRP?) that the waiver resolution had been passed in terms of Regulation 86(4) of the Companies Act, 71 of 2012 (the ?Companies Act?) and had accordingly requested an exemption from the obligation of Tsogo Sun Holdings Ltd and/or Southern Sun Hotels Proprietary Ltd (the ?mandatory offerors?) to make a mandatory offer, as set out in the circular to Hospitality shareholders dated 8 March 2016.



Unless otherwise defined, words defined in such announcement bear the same meaning in this announcement.



Having considered Hospitality?s application for exemption, the TRP has made a ruling that the mandatory offerors be exempted from the obligation to make a mandatory offer (the ?ruling?), as required in terms of the Companies Act. The reasons for the ruling are available to any shareholder of the company upon receipt by the TRP of a request therefor. Any such request must be made in writing and addressed to ?the Executive Director, Takeover Regulation Panel? at any of the addresses indicated below.



In addition, any shareholder may request the Takeover Special Committee to review the ruling within five business days of this announcement (i.e. until 17h00 on 21 April 2016).



After the expiry of the aforementioned five business day period, and providing that no shareholder requests a review of the ruling, the TRP waiver proceedings shall be regarded as completed.



13-Apr-2016
(Official Notice)
Shareholders are referred to the circular dated 8 March 2016 (the ?circular?), relating to the acquisition by Hospitality from Southern Sun Hotels (Pty) Ltd. (?SSH?) of the entire issued share capital of Fezisource (Pty) Ltd., which will own ten hotel properties, in exchange for at least 145 000 000 Hospitality ordinary shares (the ?Tsogo transaction?), as well as the announcement released on SENS on Monday, 11 April 2016 advising shareholders, inter alia, that all resolutions required to be passed by Hospitality shareholders in order to approve the Tsogo transaction were passed by the requisite majority of shareholders at the general meeting of Hospitality shareholders held on Monday, 11 April 2016, including the resolution waiving a mandatory offer in terms of section 123 of the Companies Act, 71 of 2012 (the ?Companies Act?) pursuant to the implementation of the Tsogo transaction (the ?waiver resolution?).



Unless otherwise defined, words defined in the circular bear the same meaning in this announcement.



As contemplated in paragraph 3.5.8 of the circular, Hospitality has informed the Takeover Regulation Panel that the waiver resolution has been passed in terms of Regulation 86(4) of the Companies Act and has requested an exemption from the obligation of the mandatory offerors to make a mandatory offer, as set out in the circular.



The TRP is in the process of considering the application for exemption. Hospitality will release an announcement over SENS updating shareholders as to the outcome as soon as this has been determined.
11-Apr-2016
(Official Notice)
15-Mar-2016
(Official Notice)
Shareholders are referred to the circulars dated 8 March 2016, relating to:

- the restructure of Hospitality?s dual-class share capital structure to a single-class share capital structure (the ?capital restructure?); and

- the acquisition by Hospitality of the entire issued share capital of Fezisource (Pty) Ltd., which will own ten hotel properties, from Southern Sun Hotels (Pty) Ltd., in exchange for at least 145 000 000 Hospitality ordinary shares (the ?Tsogo transaction?), (together, the ?circulars?).



Subsequent to the finalisation of the circulars, Hospitality released its unaudited consolidated interim results for the six months ended 31 December 2015 (the ?interim results?).



Capital restructure: Pro forma consolidated statement of financial position

The independent reporting accountants? assurance report on the pro forma consolidated statement of financial position is available for inspection during normal business hours at the registered office of Hospitality (The Zone, Phase 2, 2nd Floor, Loft Offices, East Wing, Corner Oxford Road and Tyrwhitt Avenue, Johannesburg, 2196) from 14 March 2016 to 11 April 2016.
08-Mar-2016
(Official Notice)
24-Feb-2016
(Official Notice)
Hospitality advise bondholders that the interim results of the Company for the period ended 31 December 2015 are available for inspection at the registered office of the Company. Hospitality?s interim results are also available on its website at http://www.hpf.co.za/

23-Feb-2016
(C)
Revenue for the interim period increased to R235.6 million (2014: R217 million). Operating profit rose to R214.6 million (2014: R198.8 million), while total profit and comprehensive income for the period came in at R148.1 million (2014: loss of R3.5 million). Furthermore, headline earnings per A-linked unit and B-linked unit increased to 53.32cps (2014: 40.95cps).



Payment of distribution

Shareholders will receive distribution payment number 20 for the six-month period ended 31 December 2015 of 76.99552 cents per A share and 16.87478 cents per B share.



Prospects

The outlook for the domestic economy remains fragile for the second half of the financial year, potentially dampening domestic demand in the hospitality sector. Traditionally, this has also been the weaker half of the financial year, due to seasonality. Furthermore, public sector spending is expected to remain under pressure with the fiscus focusing on reining in expenditure. However, recent currency weakness is making leisure tourism in South Africa more affordable to foreign tourists and the government's revision of the new visa requirements, once implemented, should also contribute to higher foreign arrivals in the country, although not immediately.The expected gradual increase in foreign arrivals together with the anticipated increase in domestic leisure tourism in South Africa due to a weaker Rand, should go some way to countering the economic drag on the hospitality industry.



The weaker Rand is, however, also expected to further drive inflation, with consequent upward pressure on hotel operating costs. Having divested of most of its non-core properties, the Fund's portfolio is more biased towards major urban centres, including its well-located properties in the Western Cape and Sandton areas, where demand has been less cyclical. These should continue to support the Fund's earnings for the remainder of the financial year. In addition, the approval and conclusion of the Proposed Tsogo transaction in due course should provide a strong underpin to the Fund's future earnings.

04-Feb-2016
(Official Notice)
The combined A and B share distribution for the 6 months ended 31 December 2014 amounted to 82.45 cents made up of 73.33 cents per A share and 9.12 cents per B share. The 2014 interim distribution (?previous corresponding period?) forms the basis for the purpose of this trading statement.



The A share distribution for the 6 months ended 31 December 2015 will be in accordance with the company?s distribution policy, at 77.00 cents per A share and the B share distribution is expected to be between 80% and 90% higher than the previous corresponding period or between 16.42 and 17.33 cents per share.



Although trading conditions in the hotel sector remain challenging, good occupancy levels were experienced over November and December, specifically in the Cape Town and Sandton nodes. This was driven mainly by an increase in both local and international travellers, as a result of the weakening rand.
15-Dec-2015
(Official Notice)
24-Nov-2015
(Official Notice)
Shareholders are advised that at the annual general meeting ("the meeting") of Hospitality, held on 23 November 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



Special resolution/s, where necessary, will be lodged for filing by the Companies and Intellectual Property Commission.
18-Nov-2015
(Official Notice)
Further to the recent Hospitality cautionary announcements, the latest of which was released on SENS on 6 October 2015, Tsogo and Hospitality shareholders are advised that in principle agreement has been reached on most of the key commercial terms of a transaction in terms of which:

*Hospitality will convert its dual-class share capital structure to a single-class share capital structure, based on a swap ratio of 3.5 B ordinary shares for every 1 A ordinary share; and

*Hospitality will (directly or through the acquisition of a subsidiary) acquire a portfolio of 10 hotel properties detailed below (the ?Tsogo portfolio?) from the Tsogo group in exchange for the issue of Hospitality ordinary shares to a Tsogo group company,

(together, the ?transaction?), such that the Tsogo group will hold more than 50% of Hospitality?s ordinary shares in issue after the implementation of the transaction (taking into account the Tsogo group?s existing holding of 78.3 million Hospitality B shares as well as the shares issued in consideration for the Tsogo portfolio). The final terms of the transaction remain subject to review by the Hospitality board of directors for approval and recommendation to shareholders of Hospitality, as well as the conclusion of formal written agreements (and will in addition be conditional on receipt of all requisite regulatory and Hospitality shareholder approvals).



The Tsogo portfolio comprises Garden Court South Beach; Garden Court O.R.Tambo; Garden Court Milpark; Garden Court Polokwane; Stay Easy Century City; Garden Court Kimberley; Southern Sun Newlands; Stay Easy Rustenburg; Southern Sun Bloemfontein and Sun Square Cape Town. Each of the properties will be subject to a long term fixed and variable lease, a management contract and a licence agreement in respect of the hotel brand with subsidiaries of Tsogo.



Hospitality shareholders are advised to continue to exercise caution when trading in their Hospitality shares until a further detailed announcement is made.



21-Oct-2015
(Official Notice)
Hospitality wishes to advise bondholders that the Annual Report (the ?AR?) of the company for the period ended 30 June 2015 is available for inspection at the registered office of the company.



Hospitality?s AR is also available on its website at http://www.hpf.co.za/downloads/hpfjune15.pdf
19-Oct-2015
(Official Notice)
With regard to the audited results for the year ended 30th June 2015, shareholders are advised that the Integrated Annual Report ("the Report") has been distributed today, 19 October 2015 and contains no modifications to the reviewed results which were published on SENS on 21 August 2015. The Report can be downloaded from http://www.hpf.co.za/downloads/hpfjune15.pdf with immediate effect.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of Hospitality?s shareholders will be held at 10:00 on Monday, 23 November 2015 at The Zone 2, Loft Offices East, 2nd Floor, Corner Oxford Road and Tyrwhitt Avenue, Rosebank to transact the business as stated in the annual general meeting notice ("Notice") forming part of the Report.



Salient dates

The Notice has been sent to shareholders who were recorded as such in the Company?s securities register on Friday, 9 October 2015 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting. The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 13 November 2015 being the voting record date used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 6 November 2015. Proxy forms must be lodged by no later than 10:00 on Thursday, 19 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.
06-Oct-2015
(Official Notice)
Hospitality shareholders are referred to the cautionary announcement released on the Stock Exchange News Service (?SENS?) on 17 August 2015 and to the renewal of cautionary announcement released on SENS on 25 August 2015, relating to both the potential conversion of Hospitality?s share capital to a single class of shares and a potential transaction with Tsogo Sun Holdings Ltd. (together, the ?potential transactions?).



Discussions in respect of the potential transactions are on-going. Shareholders are accordingly advised to continue to exercise caution when trading in their Hospitality shares until a further announcement is made.
15-Sep-2015
(Official Notice)
Hospitality takes pleasure in announcing the appointment of Vincent Joyner as Chief Executive Officer (?CEO?) and a member of the board of Hospitality with effect from 15 September 2015.



Gerald Nelson, the current Acting CEO of Hospitality, will remain in an executive role for a period of time following Vincent?s appointment, in order to facilitate the handover process.



The board has further appointed Riaan Erasmus as acting Chief Financial Officer (previously Group Financial Manager), with effect from 12 August 2015.
09-Sep-2015
(Official Notice)
25-Aug-2015
(Official Notice)
Hospitality linked unitholders are referred to the cautionary announcement released on SENS on 17 August 2015 relating to the proposed restructure of the Company?s linked unit capital to a share only structure. As part of resultant engagements with certain unitholders, Hospitality also participated in discussions on an appropriate swap ratio for a conversion of its share capital into a single class of shares. On the basis of those discussions, indications are that, in the context of a potential corporate transaction, there will be support for a swap ratio of one A share for every 3.5 B shares.



Hospitality linked unitholders were also advised that Hospitality was in discussions with Tsogo Sun Holdings Ltd. (?Tsogo Sun?) in relation to a potential transaction between Tsogo Sun and Hospitality. The potential transaction being discussed involves the injection into Hospitality of a select portfolio of hotel assets in return for shares in Hospitality which, at the time of implementation of the transaction, the parties envisage will constitute a single class of shares (as opposed to the current A and B structure).



Linked unitholders are cautioned that discussions are at a very preliminary phase and there is no certainty that either the capital conversion or the potential transaction with Tsogo Sun will take place.



In the circumstances, Hospitality linked unitholders are advised to continue to exercise caution when trading in their Hospitality linked units until a further announcement is made in relation to the potential conversion of Hospitality?s share capital to a single class of shares and/or the potential transaction with Tsogo Sun.
21-Aug-2015
(Official Notice)
Unitholders are advised that at the adjourned general meetings (the meetings) of the shareholders and debenture holders of Hospitality, held on 21 August 2015, in order to approve resolutions in relation to the capital restructure of the Company as set out in the Circular to unitholders, issued by the Company on 1 July 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



Although combined meetings were held of the holders of A and B Shares and A and B Debentures respectively, the quorum for each meeting was determined and voting took place as if they were separate meetings of each class of shareholders and debenture holders and votes were counted separately in respect of each class.



*Special resolutions were modified at the general meeting by reducing the number of new no par value A and B shares from 300 000 000 to 200 000 000 respectively.



The special resolution/s are, where necessary, in the process of being lodged for filing by the Companies and Intellectual Property Commission.



Linked unitholders representing 2.8% of the total issued linked units gave notice under section 164(3) of the Companies Act, 2008, objecting to the resolutions and may potentially exercise their appraisal rights in terms of section 164 of the Act. The Board of Hospitality however unanimously agreed to waive the condition precedent, per clause 9.1.3 of the Circular.
21-Aug-2015
(C)
Revenue for the year ended 30 June 2015 jumped to R433.3 million (2014: R423.2 million). Operating profit rose to R392.6 million (2014: R382.7 million), while total profit and comprehensive income for the year increased to R134.3 million (2014: R106 million). Furthermore, headline earnings per linked unit for A-linked units was lower at 81.10 cents per A-linked units (2014: 88.64 cents per A-linked units).



Payments of distribution

Unitholders will receive distribution payment number 19 for the six-month period ended 30 June 2015 of 74.88 cents per A-linked unit and 4.03 cents per B-linked unit.



Prospects

The performance of the Fund in the year ahead will largely be driven by the hospitality trading environment. Management expects occupancies to grow in line with domestic GDP growth with room rates increasing slightly ahead of the prevailing CPI rate. Furthermore, inflationary pressures on salaries and wages as well as utility costs could impact hotel expenses in 2016. The core properties in Sandton and the Western Cape have been more resilient in the recent slowdown and should continue to support the Fund's earnings in the year ahead.



Hospitality's underlying performance for the 2016 financial year will be impacted by a renewal of the lease at Champagne Sports Resort. Due to escalations in the fixed rental since 2006 the rental at expiry is significantly higher than market which will result in a reversion of approximately R6.2 million per annum. Furthermore there will be a requirement to refurbish the hotel in order to maintain market share. No further fixed rental income reversions will occur following the restructure of the Champagne lease.
20-Aug-2015
(Official Notice)
17-Aug-2015
(Official Notice)
Hospitality linked unitholders are referred to the previous communications relating to the proposed restructure of the Company?s linked unit capital to a share only structure (?the Restructure Transaction?), including the updates and cautionary announcements released on SENS on 23 and 30 July 2015. The Company continues to engage with, and facilitate engagements between, Hospitality linked unitholders on the manner in which the Restructure Transaction impacts the rights of the different classes of linked unitholders. In the context of these engagements, the Company is also in discussions with Tsogo Sun in relation to a potential transaction between Tsogo Sun and Hospitality. In the circumstances, linked unitholders are advised to continue exercising caution when trading in their Hospitality linked units until a further announcement is made.
31-Jul-2015
(Official Notice)
29-Jul-2015
(Official Notice)
Linked unitholders are referred to the trading statement released on Stock Exchange News Service on 25 May 2015, which stated that Hospitality?s combined distribution for the six months to 30 June 2015 (?the period?) was expected to be 76.81 cents, with the A-linked unit distribution likely to be in line with the company?s distribution policy, at 75.10 cents per A-linked unit and the B-linked unit distribution expected to be 1.71 cents per B-linked unit.



The basis for this updated trading statement and the trading statement released on 25 May 2015, is the distribution forecast which was released with Hospitality?s 2014 annual results on 20 August 2014 (?the Forecast?) and which reflects a combined distribution for the period of 92.15 cents, comprised of 75.10 cents per A-linked unit and 17.05 cents per B-linked unit.



Due to the uncertain short-term outlook for the hospitality sector at the time, it was stated in the trading statement of 25 May 2015, that a further trading statement would be made closer to the release of the company?s year-end results.



Variable rental income for May and June 2015 was higher than previously estimated, due to improved hotel revenue and a strict control of hotel operating expenditure.



Unitholders are now advised that Hospitality?s combined distribution for the period is expected to be 78.91 cents. The A-linked unit distribution is expected to be 74.88 cents. This is in-line with the company?s Debenture Trust Deed of an escalation in distribution by the lesser of 5% or CPI at the end of the reporting period, being 4.7%, compared to Forecast, which assumed CPI growth of at least 5%. The A-linked unit distribution is accordingly expected to be 0.22 cents or 0.3% lower than reflected in the Forecast.



The B-linked unit distribution is expected to be 4.03 cents, which is 13.02 cents or 76% lower than the Forecast, but an improvement of 2.32 cents or 136% higher than expected in the trading statement of 25 May 2015.
24-Jul-2015
(Official Notice)
14-Jul-2015
(Official Notice)
01-Jul-2015
(Official Notice)
22-Jun-2015
(Official Notice)
Further to the announcement released on the Stock Exchange News Service on Monday, 25 May 2015, unitholders are advised that the Chief Executive Officer (?CEO?), Mr Andrew Rogers has resigned as a director, and has been dismissed with immediate effect.



Following the outcome of a forensic investigation and a subsequent disciplinary hearing (?the hearing?), where various charges of misconduct were brought against Mr Rogers by the Company, the independent Chairman who presided over the hearing found that Mr Rogers had breached his fiduciary duty of good faith to the Company, failed to disclose related party interests in contracts and was involved in procurement irregularities. This has led to the irretrievable breakdown in trust between the Company and Mr Rogers. The Board has agreed to follow the recommendation of dismissal made by the Chairman.



Unitholders are advised that the misconduct did not result in a direct known financial loss to the Company. However, an indirect negative impact was felt as a result of the uncertainties created during the suspension period as well as the costs of the investigation. Mr Ridwaan Asmal will continue to fulfil the role of Acting CEO, until Mr Gerald Nelson, currently a Non-Executive Director of the Board and past CEO of the Company, assumes the role of Acting CEO as a temporary measure on 12 August 2015, or until a suitable candidate is found to fill this vacancy.
25-May-2015
(Official Notice)
25-May-2015
(Official Notice)
Unitholders are advised that Hospitality?s Financial Director, who is also currently fulfilling the role of Acting CEO, Mr Ridwaan Asmal has advised that he will be resigning from the Company effective 12 August 2015. Mr Asmal has extended his notice period to ensure that the annual financial statements and the audit for the year end 2015 is completed during this period. The Board would like to record that Mr Asmal?s resignation is not linked to the investigation of misconduct and charges brought against the current suspended CEO of the Company, but rather an opportunity for Mr Asmal to pursue alternative interests in the hospitality sector.



Mr Gerald Nelson, the former CEO of the Company and currently a non-executive director, will make himself available as the Acting CEO, if so required, pending the outcome of the disciplinary proceedings with Mr Rogers.
25-May-2015
(Official Notice)
Further to the announcement released on SENS on Friday, 15 May 2015, unitholders are advised that disciplinary charges have been brought against Mr Andrew Stuart Rogers following the outcome of an investigation into certain allegations of misconduct.



Unitholders are advised that the alleged misconduct will not have a material impact on the operations of the Company or its financial results. The disciplinary hearing is expected to take place during June 2015. As soon as circumstances permit, a further announcement will be released by the Company.
15-May-2015
(Official Notice)
Unitholders are advised that an investigation into allegations of misconduct by the Hospitality?s Chief Executive Officer, Mr Andrew Stuart Rogers is being conducted by the Company. As an interim measure, and to allow the investigation to take its course Mr Rogers has been suspended pending the conclusion of the investigation. At this stage, no disciplinary charges have been put to Mr Rogers.



Unitholders are further advised that the suspension is unlikely to adversely affect the operations of the Company or its financial results. As soon as circumstances permit, a further announcement will be released by the Company.
24-Apr-2015
(Official Notice)
Shareholders are advised that City Lodge and HPF Properties Proprietary Ltd (?HPF?), a wholly owned subsidiary of Hospitality have concluded an agreement in terms of which HPF has disposed of its interests in the Courtyard portfolio to City Lodge for a total cash consideration of R80 million (?the sale?). The effective date of the sale is 1 May 2015. HPF?s interests in the Courtyard portfolio comprises:

*50% share in Gallic Courtyard (Arcadia) Share Block Proprietary Limited;

*50% share in Gallic Courtyard (Bruma Lake) Share Block Proprietary Limited;

*50% share in Gallic Courtyard (Rosebank) Share Block Limited;

*50% share in Gallic Courtyard (Sandown) Share Block Limited; and

*50% share in 5 sectional title units at Courtyard Sandton and 1 at Courtyard Rosebank.



The conditions precedent to the sale have all been fulfilled and the sale is therefore completed.
30-Mar-2015
(Official Notice)
In accordance with Section 3.59 of the Listings Requirements of the JSE Ltd., in respect of a change to the Board of Directors (?the Board?), Mrs Anitha Soni has notified the Board of her decision to resign as an independent non-executive director, due to health reasons.



Mrs Soni has been an invaluable member of the Board since 30 June 2013 and also served on the Social and Ethics Committee.



The Board would like to thank Mrs Soni for her contribution and support during her term as Board member and wishes her a complete and speedy recovery.



Mrs Soni?s resignation is effective immediately.
12-Mar-2015
(Official Notice)
In the Interim Results announcement published on the Stock Exchange News Service of the JSE Limited on 25 February 2015, unitholders were advised that the Company was still awaiting a final decision on the approval of Phase 2 at Arabella Hotel - Spa by the Minister of Environmental Affairs and Development Planning.



Unitholders are now advised that:

1. the Minister of Western Cape Local Government, Environmental Affairs and Development Planning (?the Minister?) has in terms of section 35(4) of the Environment Conservation Act, 1989 (Act No. 73 of 1989) and section 43 of the National Environmental Management Act, 1998 (Act No. 107 of 1998), granted Hospitality the approval to develop Phase 2 of Arabella Country Estate on Portion 1 and the Remainder of Portion 3 of Caledon Farm No. 542, Hermanus River, Kleinmond (?the Property?), subject to compliance with certain conditions and administrative processes; and

2. the Competent Authority for the Administration of the Land Use Planning Ordinance, 1985 (Ordinance 15 of 1985) (?LUPO?), has approved the rezoning and subdivision of the Property, which includes 352 Residential erven, a Private Nature Reserve and a 9-hole executive mashie golf course with associated infrastructure.



Management and the Board will continue to explore the various options available to the Company, in order for it to realise a profit from Arabella Phase 2. A copy of the letter of approval as issued by the office of the Minister can be downloaded from Hospitality?s website on http://www.hpf.co.za/downloads/ABphase2.pdf

25-Feb-2015
(C)
Revenue for the interim period increased to R217 million (2013: R211.2 million). Operating profit rose to R198.8 million (2013: R191.4 million), while total loss and comprehensive loss for the period came in at R3.5 million (2013: profit of R2.4 million). Furthermore, headline earnings per A-linked unit lowered to 40.95cps (2013: 44.90cps).



Payment of distribution

Unitholders will receive distribution payment number 18 for the six- month period ended 31 December 2014 of 73.33 cents per A-linked unit and 9.12 cents per B-linked unit.



Prospects

The short-term outlook for the economy and the hospitality sector remains uncertain. Hospitality's underlying performance will be impacted by a renewal of the lease at Champagne Sports Resort ("Champagne") from 1 July 2015. Due to escalations in the fixed rental since 2006 the rental at expiry is significantly higher than market which will result in a reversion of approximately R7 million per annum. Furthermore, a refurbishment will be required at the hotel in order to maintain market share. No further fixed lease rental income reversions are due following the restructure of the Champagne lease.
08-Dec-2014
(Official Notice)
Report on proceedings at the Annual General Meeting of shareholders and debenture holders



Unitholders are advised that at the annual general meeting of the shareholders and debenture holders of Hospitality, held today, 8 December 2014, 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.

25-Nov-2014
(Official Notice)
17-Nov-2014
(Official Notice)
Notice is hereby given that the annual general meeting of Hospitality's shareholders will be held on Monday, 8 December 2014 at The Zone 2, Loft Offices East, 2nd Floor, Corner Oxford Road and Tyrwhitt Avenue, Rosebank to transact the business as stated in the annual general meeting notice ("Notice").



The Notice will be emailed, sent by sms and posted, to shareholders today. Due to the ongoing postal strike, delays may be experienced in the receipt thereof and shareholders may contact the company Secretary, Rosa van Onselen on (011) 994 6320 to request an electronic version of the Notice. In addition, the Notice is available on the company's website at http://www.hpf.co.za/downloads/HospitalityAGMNotice8December2014.pdf



Salient dates

The Notice has been sent to shareholders who were recorded as such in the company's securities register on Friday, 7 November 2014 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 28 November 2014 being the voting record date used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 21 November 2014. Proxy forms must be lodged by no later than Thursday, 4 December. 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.
16-Oct-2014
(Official Notice)
As reported in the Fund's year-end results which were released on SENS on 20 August 2014, Deloitte - Touche Corporate Finance was appointed by the board to conduct a review of the Fund?s capital structure.



A number of options and capital structure variations were considered. Taking into account the views of both A and B linked unitholders, the company has at this stage decided to retain the current capital structure and as a result the status quo will remain for now, subject to compliance with the JSE Ltd. Listings Requirements.
07-Oct-2014
(Official Notice)
In accordance with Section 3.59 of the Listings Requirements of the JSE Ltd., in respect of a change to the board of directors ("the "board), Mr Kamil Abdul Karrim has notified the Board of his decision to resign as an independent non-executive director with effect from 31 December 2014 .



He also served as a member of the Audit and Risk and Investment Committees. These committees will remain properly constituted following Mr Abdul Karrim's resignation.
19-Sep-2014
(Official Notice)
With regard to the audited results for the year ended 30th June 2014, linked unit holders are advised that the financial statements will be distributed on 30th September 2014 and contain no modifications to the reviewed results which were published on SENS on 20th August 2014. Hospitality's 2014 Integrated Report can be downloaded from http://www.hpf.co.za/downloads/hpfjune14.pdf with immediate effect.
17-Sep-2014
(Official Notice)
Set out and detailed in the relevant SENS note is the distribution forecast ("forecast") for the financial years 30 June 2015, 2016 and 2017 ("the forecast period"). The board emphasises that this forecast assumes a stable global and local economic environment with the South African hotel industry continuing to reflect growth in trading volumes and room rates. The detailed assumptions utilised in preparation of this forecast is included below and care should be taken that these assumptions could change.



The forecast has been reviewed by KPMG Inc whose independent limited assurance opinion is available for inspection at the company's registered office.
20-Aug-2014
(C)
03-Apr-2014
(Official Notice)
In compliance with paragraph 3.59(c) of the JSE Limited Listings Requirements, the Board of directors of Hospitality hereby notifies unitholders that, in-line with its succession program, Mr Willy Ross has stepped down as a member of the

Audit and Risk Committee with effect from 1 April 2014. Mr Ross will remain on the Board as an independent non-executive director and will retain his position on the other Board

committees.



The Audit and Risk Committee remains fully constituted as required by the Companies Act No. 71 of 2008 with four independent non-executive members, being Mrs Linda de Beer (Chairman), Ms Zola Ntwasa, Messrs Kamil Abdul-Karrim and Sydney Halliday.
26-Feb-2014
(Official Notice)
Further to the announcement of the unaudited Interim results for the six months ended 31 December 2013, interest payment declaration and trading statement released on the Stock Exchange News Service earlier today, 26 February 2014, non-resident linked unitholders are advised of the distribution net amount as follows:



Non-residents

Qualifying distributions received by non-resident linked unitholders will not be taxable as income and instead will be treated as ordinary dividends but which are exempt in terms of the usual dividend exemptions per section 10(1)(k) of the Income Tax Act. It should be noted that until 31 December 2013 qualifying distributions received by non-residents were not subject to dividend withholding tax. From 1 January 2014, any qualifying distribution received by a non-resident from a REIT will be subject to dividend withholding tax at 15%, unless the rate is reduced in terms of any applicable double taxation agreement between South Africa and the country of residence of the linked unitholder. Therefore the net amount for non-residents, not subject to any reduction, will amount to 59.3555 cents per A-linked unit and 16.3625 cents per B-linked unit.
26-Feb-2014
(Official Notice)
Distributions for the 12 months ending 30 June 2014 are expected to be in line with the forecast of 141.36 cents per A-linked unit. The annual B-linked unit distribution is expected to be at least 32.61 cents which is 22.0% higher than the current forecast of 26.72 cents per linked unit.



As previously stated the Fund's underlying performance in the 2015 financial year is likely to be impacted by a change within its fixed lease portfolio as the current lease at Birchwood Hotel - OR Tambo Conference Centre converts into a fixed and variable lease at the end of June 2014. Based on current trading figures, this could result in a reversion in rental at Birchwood of between 10% and 20% in the 2015 financial year. The impact of the dilution in rental will be influenced by the trading volumes and rates achieved at Birchwood during the 2015 financial year. Hospitality has commenced discussions with the tenant to focus on a smooth transition from fixed to F-V lease and together with the hotel's management team will ensure that earnings before interest, tax, depreciation and amortisation ("EBITDA") levels are optimised to minimise any dilution in rental income. The Fund's asset management team which has recently been expanded and strengthened, is planning to implement new hotel operating and control systems at Birchwood prior to the conversion in June 2014.
26-Feb-2014
(C)
Revenue for the interim period increased to R211.2 million (R173.9 million) and operating profit jumped to R191.4 million (R159.3 million). Total profit for the period was R2.4 million (loss of R0.4 million). Furthermore, headline earnings per A-linked unit rose to 44.90 cents per linked unit (37.62 cents per linked unit).



Payments of interim distribution

Unitholders will receive distribution payment number 16 for the six-month period ended 31 December 2013 of 69,83 and 19,25 cents per B-linked unit.



Prospects

The fundamentals for the hospitality industry remain strong, especially in major cities where business volumes continue to grow. Whilst occupancies, which initially drove the recovery, continue to track higher, room rates are starting to reflect the strong demand. The Rand's weakness since the beginning of 2014 has made South Africa more affordable for international visitors, which could further boost demand in the domestic hospitality sector.



The scarcity and high cost of land in major nodes coupled with the limited availability of capital is expected to limit the pace of new hotel developments. Currently acquisition opportunities are providing higher relative returns than bringing new developments on stream.



The high quality of the Fund's properties continues to provide a solid platform to benefit from improved trading given the positive fundamentals in the hospitality sector.



Hospitality's focus for the remainder of the financial year remains on further rationalising its capital and funding structure, optimally growing room rates in order to improve its profitability while being sensitive to the impact on trading volumes. The Absa early repayment penalty of 4,9 million referred to above will have a negative effect on distributions.
14-Feb-2014
(Official Notice)
Unitholders are reminded that the Fund's units in issue comprise A- and B-linked units. The A- linked units have a preferential claim to earnings with capped growth at the lower of CPI or 5% from the entitlement in the prior comparable period. The B-linked units receive the balance of the earnings.



As recorded in the results announcement for the year ended 30 June 2013, Distributions for the 12 months ending 30 June 2014 are expected to be at least in line with the Forecast of 141.36 cents per A-linked unit and 26.72 cents per B-linked unit earned evenly across the distribution periods.



The A-linked unit distribution for the six months ended 31 December 2013 will remain in-line with the forecast at 69,83 cents per linked unit (cpu), a growth of 5% to the previous year. Distributable earnings per B-linked unit for the six months ended 31 December 2013 are expected to exceed the forecast (evenly distributed over the two distribution periods) of 13.36 cpu by between 40 to 50%, which is an increase of between 103.5 to 118,1% compared to the same period in the prior year. The expected increase in the B-linked unit distribution is as a result of better than forecast hotel trading conditions.



This distribution forecast has not been reviewed and reported on by the company's external auditors.

28-Jan-2014
(Official Notice)
Unitholders are advised that at the general meeting of the shareholders and debenture holders of Hospitality, held today, 28 January 2014, the special resolution proposed at the meeting to adopt Hospitality?s new Memorandum of Incorporation (MOI) was approved by the requisite majority of votes.



A copy of the revised MOI can be obtained from Hospitality?s website on http://www.hpf.co.za/downloads/HospitalitynewMOI.pdf The special resolution will be lodged for registration with the Companies and Intellectual Property Commission in due course.
08-Nov-2013
(Official Notice)
Unitholders are advised that, at the annual general meeting of the shareholders and debenture holders of Hospitality, held today, 8 November 2013, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
10-Oct-2013
(Official Notice)
Shareholders are advised that Hospitality will be hosting investors and analysts at certain of its Cape Town properties today, 10 October 2013. The presentation in support of this site visit, will be available on the Company?s website, www.hpf.co.za, by 09h00 this morning. Shareholders are reminded that Hospitality?s 2013 Integrated Report can be downloaded from http://www.hpf.co.za/downloads/hpfjune13.pdf.
27-Sep-2013
(Official Notice)
With regard to the audited results for the year ended 30th June 2013, linked unit holders are advised that the annual financial statements will be distributed on 30th September 2013 and contain no modifications to the reviewed results which were published on SENS on 21st August 2013.



Notice of the annual general meeting

Notice is hereby given to linked unit holders that the next annual general meeting of the Company will be held at Crowne Plaza Johannesburg - The Rosebank, corner Tyrwhitt and Sturdee Avenues, Rosebank on Friday, 8th November 2013 at 10h00 to transact the business as stated in the annual general meeting notice forming part of the integrated report.



Salient dates

The notice of the Company's annual general meeting has been sent to its unit holders who were recorded as such in the Company's securities register on Friday, 20th September 2013 being the notice record date set by the Board of the Company determining which linked unit holders are entitled to receive notice of the annual general meeting.



The record date on which linked unit holders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 1 November 2013 being the voting record date set by the Board of the Company used to determine which linked unit holders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 25 October 2013. Proxy forms must be lodged by no later than 10h00 on Wednesday, 6th November 2013. 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.



Hospitality's 2013 Integrated Report can be downloaded from http://www.hpf.co.za/downloads/hpfjune13.pdf with effect from 30 September 2013.
21-Aug-2013
(C)
Revenue rose to R356.0 million (R316.0 million) and operating profit jumped to R326.2 million (R275.7 million). A total profit for the year of R235.8 million (loss of R215.5 million) was recorded. Furthermore, headline per A-linked unit increased to 82.89cplu (51.55cplu).



Payments of debenture interest

Unitholder's will receive debenture interest payment number 15 for the six-month period ended 30 June 2013 of 68.12 cents per A-linked unit and 8.89 cents per B-linked unit.



Prospects

The outlook for the hospitality industry is positive, particularly in major cities where business volumes have shown a strong recovery. Whilst room rate growth has been muted, and has not achieved the levels required to justify new hotel developments, the lack of new capacity is likely to lead to demand outstripping medium term supply in the major markets. Room rates remain lower than the long term trend that was reflected prior to 2008 and are largely still recording rates last seen at that time. The high cost of land, the limited availability of capital and a residual perception of oversupply in major nodes will mean that the pace of new hotel developments is likely to be slow. Currently acquisition opportunities are providing higher relative returns than bringing new developments on stream.



The Fund's focus over the next year continues to be on optimally growing room rates in order to further improve its profitability as occupancies continue to track upwards across the industry.



Distributions for the 12 months ending 30 June 2014 are expected to be at least in line with the Forecast of 141.36 cents per A-linked unit and 26.72 cents per B-linked unit, earned evenly across the distribution periods.



The Fund's underlying performance in 2015 is likely to be impacted by a change within its fixed lease portfolio as the current lease at Birchwood Hotel - OR Tambo Conference Centre converts into a fixed and variable lease at the end of June 2014. This is expected to result in a reversion in rental at Birchwood of between 10% and 20% in the 2015 financial year. The Fund is currently exploring yield enhancing opportunities to expand this property's income stream, thereby mitigating the impact of the rental dilution.
25-Jul-2013
(Official Notice)
The 3-year profit forecast ("forecast") released by Hospitality to the market in the rights offer circular dated 28 May 2012 forms the base for the purpose of this trading statement. Unitholders are reminded that the Fund's units in issue comprise A- and B-linked units.



The A-linked unit distribution for the six months ended 30 June 2013 will remain in-line with the forecast at 68.12 cents per linked unit (cpu) (134.63cpu for the year ended 30 June 2013). Distributable earnings per B-linked unit for the six months ended 30 June 2013 are expected to be between 8.60cpu and 9.56cpu (17.79cpu to 18.75cpu for the financial year), exceeding the forecast of 4.78cpu by between 80% and 100% (26.10% to 32.90% for the financial year). The expected increase in the B-linked unit distribution is as a result of better than forecast hotel trading conditions.



The company's results for the year ended 30 June 2013 are expected to be released on SENS on or about 21 August 2013.
08-Jul-2013
(Official Notice)
Hospitality announce the appointment of Miss Zola Ntwasa as an independent non-executive director and a member of the Fund's audit and risk committee. Miss Ntwasa's appointment is with immediate effect.
03-Jul-2013
(Official Notice)
Unitholders are advised that Hospitality?s application for Real Estate Investment Trust (REIT) status has been approved by the JSE Limited. Hospitality will qualify as a REIT with effect from the beginning of its current financial year, being 1 July 2013.

03-Jul-2013
(Official Notice)
Hospitality announce to its unitholders that Mr Don Bowden will take up the position of Chairman from Mr Willy Ross, who assumed the role of Acting Chairman following Mr Frank Berkeley's resignation in February 2012.



As previously advised on 20 February 2013, Mr Gerald Nelson retired as Chief Executive Officer (CEO) from the Fund and remains on the board as a non-executive director. Mr Andrew Rogers (previously the deputy CEO of the Fund) has taken up the position of CEO. He will be assisted by Mr Ridwaan Asmal in his continuing role as Financial Director. Unitholders are further advised that Mr Syd Halliday and Mrs Anitha Soni have been appointed as Independent Non-Executive Directors to the board.



Further to the restructure of its board, Hospitality has reconstituted its sub-committees. The above changes are all effective from 30 June 2013.

02-May-2013
(Official Notice)
The board of directors of Hospitality notified unitholders that Mrs Brenda Madumise resigned as non- executive director with effect from 30 April 2013.
17-Apr-2013
(Official Notice)
20-Feb-2013
(C)
Revenue for the interim period increased to R173.9 million (2011: R150.6 million). Operating profit rose to R159.3 million (2011: R133.2 million), while total loss and comprehensive loss for the period narrowed to R403 000 (2011: loss of R19 million). Furthermore, headline earnings per linked unit grew to 37.62cplu (2011: 19.24cplu).



Payments of debenture interest

Unitholder's will receive debenture interest payment number 14 for the six-month period ended 31 December 2012, of 66.51 cents per A-linked unit and 9.19 cents per B-linked unit.



Prospects

The hospitality sector is in a recovery phase, now that the post-2010 oversupply of rooms is dissipating and limited new supply is coming on stream. In addition, improved sentiment among corporates and the public sector is supporting increased demand for accommodation and conferencing. As a result, the positive trend in occupancy and room rates seen over the last 12 months should be sustainable for the remainder of the financial year. The Fund is well positioned to benefit from these positive fundamentals.



18-Dec-2012
(Official Notice)
04-Dec-2012
(Official Notice)
Hospitality notified unitholders that Messrs Youseph Aminzadeh and William Midgley have resigned as non-executive directors with effect from 1 December 2012 and 29 March 2013 respectively.
07-Nov-2012
(Official Notice)
Unitholders are advised that at the annual general meeting of the shareholders and debenture holders of Hospitality, held on 6 November 2012, all the resolutions were passed other than the general authority to directors to issue shares for cash.
28-Sep-2012
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed 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 given that the next annual general meeting of shareholders and debenture holders will be held at Crowne Plaza Jhb - The Rosebank, corner Tyrwhitt and Sturdee Avenues, Rosebank at 10h00 on 6 November 2012 to transact the business as stated in the annual general meeting notice forming part of the integrated report.



Hospitality's 2012 Integrated Report can also be accessed on http://www.hpf.co.za/investor-centre/financial-results.
07-Sep-2012
(Official Notice)
Unitholders are advised that Regarding Capital Management (Pty) Ltd notified the company on 5 September 2012 that accounts under its management has increased its holding in the company to from 12.19% to 15.29% of the voting rights of the B-linked units.
22-Aug-2012
(C)
Revenue increased to R316 million (R277.4 million). Operating profit rose to R275.7 million (R256.3 million). Total loss and comprehensive loss for the year widened to R215.5 million (loss of R210.7 million). In addition, headline earnings per A-linked unit more than halved to 51.55c (103.36cplu)



Distribution

A-linked unitholders will receive debenture interest payment number 13 for the six-month period ended 30 June 2012 of 49.74c. No debenture interest is payable to the B-linked unitholder for the period.



Prospects

While the local economy picked up in late 2011 and in the first quarter of 2012 prospects are still heavily dependent on developments in the global economy. With GDP growth expected to be constrained to around 2.7% (from 3.1% in 2011), recovery of the economy as a whole and consequently the hotel and leisure industry is expected to be slow and protracted. The hospitality industry will continue to face the challenge of sub optimal occupancy rates and continuing pressure on room rates in the short term. There is, however, optimism in the market with some signs of recovery in occupancies. The Fund's focus over the next year is to optimally yield room rates to maximise profitability on the back of improving occupancies. Distributions for the 12 months ended 30 June 2013 are expected to be in line with the forecast issued in the rights offer circular of 134.63c per A-linked unit and 14.11c per B-linked unit.
18-Jun-2012
(Official Notice)
Linked unitholders are referred to the rights offer to Hospitality linked unitholders which closed on Friday, 15 June 2012 (the "rights offer") and are advised that linked unitholders and/or their renouncees applied for 35 805 005 A-linked units and 35 438 253 B-linked units, comprising 99.46% and 98.44% respectively of the 36 000 000 Hospitality A and B linked units offered in terms of the rights offer. The rights offer did not provide for excess applications and the balance of 194 995 A-linked units and 561 747 B-linked units will be subscribed for by the underwriters pursuant to their underwriting obligations.



Dematerialised linked unitholders who have subscribed for linked units in terms of the rights offer will have their accounts debited and updated by their CSDP/broker on Monday, 18 June 2012. Certificated linked unitholders who have subscribed for rights offer linked units will have certificates posted to them on Wednesday, 20 June 2012. The proceeds from the rights offer will be used by Hospitality to repay the bridging facility provided by Absa, with the balance of the bridging facility being converted into a R850 million term loan term facility (of which Absa will provide R550 million and Nedbank R300 million) materially on the terms set out in the rights offer circular.
28-May-2012
(Official Notice)
Linked unitholders were referred to the finalisation announcement released on SENS on 11 May 2012 in which the terms and dates relating to the rights offer ("the rights offer") were announced.



Unitholders were advised that the rights offer has opened and that the circular relating to the rights offer will be posted to Hospitality linked unitholders on 28 May 2012. The circular is also available on Hospitality's website at www.hpf.co.za.
11-May-2012
(Official Notice)
30-Apr-2012
(Official Notice)
10-Apr-2012
(Official Notice)
Unitholders are referred to Hospitality's recent SENS announcements relating to the rights offer, Hospitality's medium term profit forecast and results of general meeting.



Terms of the rigts offer

Following engagement with Hospitality`s largest unitholders, the pricing of the rights offer has been settled. In terms of the rights offer:

*Hospitality A-linked unitholders will be offered 40.55818 Hospitality A-linked units for every 100 A-linked units held by them on the record date for participation in the rights offer at a subscription price of R11.48 per unit and

*Hospitality B-linked unitholders will be offered 40.55818 Hospitality B-linked units for every 100 B-linked units held by them on the record date for participation in the rights offer at a subscription price of R3.25 per unit.



The effect of the above will be an issue of 36 million rights offer A-linked units and 36 million rights offer B-linked units resulting in an amount of R 530.28 million being raised. Hospitality is still engaging with unitholders to obtain the necessary commitments to follow rights and/or agreements to underwrite in order to undertake the rights offer and anticipates to be in a position to publish the rights offer timetable within the next week to 10 days. The rights offer circular will contain the complete profit forecast for the years ending 30 June 2012, 2013 and 2014 together with detailed assumptions.



Renewal of cautionary

While Hospitality continues to engage with unitholders to obtain the commitments to follow rights and/or to underwrite the rights offer Hospitality linked unitholders are advised to continue to exercise caution when dealing in their linked units.

28-Mar-2012
(Official Notice)
Hospitality linked unitholders are advised that at the general meeting of Hospitality shareholders and debenture holders held on Wednesday, 28 March 2012, all of the resolutions relating to the proposed rights offer and general issue of shares for cash were passed by the requisite majorities. Hospitality is in the process of finalising the pricing of the rights offer with major unitholders and underwriters. It hopes to reach consensus in this regard within the next week at which point a further announcement will be published.



Cautionary

In the interim, unitholders are advised to continue to exercise caution when trading in Hospitality units.
14-Mar-2012
(Official Notice)
In accordance with the JSE Limited Listings Requirements and Section 122(1) of the Companies Act, 2008, unitholders are advised that Regarding Capital Management (Pty) Ltd notified the company on 13 March 2012 that accounts under its management has increased its holding in the company to 5,08% of the voting rights of the B-linked units.

06-Mar-2012
(Official Notice)
Further to the cautionary announcement dated 23 January 2012 and given the status of the refinancing of the Absa facility shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made in this regard.
06-Mar-2012
(Official Notice)
06-Mar-2012
(C)
27-Feb-2012
(Official Notice)
23-Feb-2012
(Official Notice)
Mr Wilhelm Christian Ross has been appointed as acting chairman of the board with immediate effect. Mr Ross, who will continue to serve as a member of the audit committee will with immediate effect be replaced by Mrs Linda de Beer as acting chairman of the committee.
15-Feb-2012
(Official Notice)
Unitholders were advised in the cautionary released on 23 January 2012 that Hospitality was in discussions with Absa Bank Ltd )and other funders regarding the re-financing of the group's current debt facility with Absa of approximately R1.35 billion. Nedbank Ltd has been approached by Hospitality to consider material additional funding to the group. Given that Mr Frank Berkeley, Hospitality's Independent Chairman is employed by Nedbank and in order to prevent any perceived conflicts of interest in considering Hospitality's funding request, Mr Berkeley has under the circumstances tendered his resignation from Hospitality's board with immediate effect.

03-Feb-2012
(Official Notice)
As a result of apparent confusion around Hospitality's A-linked unit distribution profile and certain comments in the press in this regard, this SENS announcement is being issued for clarification purposes only. Unitholders are referred to Hospitality?s trust deed and supplementals for clarity on the distribution policy of the A-linked units. The A-linked unitholders' rights are governed by the terms of the debenture trust deed. Specifically concerning the distribution profile, clause 5.4 of the first supplemental debenture trust deed provides that "In determining the interest distributions with reference to a prior period's distribution, the prior period's distribution shall be the determined or calculated distribution for the equivalent period in the prior year, whether or not such amount was paid having regard to the availability of funds."



The effect of this is that if the actual distribution to A-linked unitholders falls below their preferential entitlement to interest in any one distribution period, the distribution entitlement continues to grow at the lower of CPI and 5% from the entitlement in the prior comparable period and not from the actual amount received for such period. It should further be noted that there is no clawback in subsequent periods in respect of any variance between preferential distribution entitlement and actual distributions in any one period. Copies of the debenture trust deed and supplementals are available for download from the company's website http://www.hpf.co.za/investor-centre/regulatory- documents
05-Dec-2011
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd, property entities are required to publish a trading statement as soon as they are reasonably certain that the distribution for the next distribution period will differ by at least 15% from that of the previous corresponding period.



Hospitality's distributable earnings per combined A and B unit for the six months ending 31 December 2011 are expected to be at least 28% lower than the corresponding period in the previous financial year. This is primarily due to the subdued economy reflecting in low levels of demand and intense competition, together with higher than inflationary increases in municipal rates and electricity costs. The previous corresponding period also included the last 11 days of the Fifa Soccer World Cup 2010 during when the Company reaped the benefits of higher demand. Additionally, the Arabella portfolio which was transferred to the Company during May 2011, was impacted by particularly poor winter trading conditions in the Western Cape during the initial take-on period. While these properties have since shown strong recovery, it is not sufficient to make up the initial trading deficit. Furthermore, the profits from the Courtyard Joint Venture have been significantly lower than the previous year.



Due to its preferential claim to earnings with growth of 5% per linked unit, the A-linked unit distributions for this period will remain unaffected Unitholders are advised that distributable earnings per B-linked unit for the six months ending 31 December 2011 are expected to be at least 80% lower than the corresponding period in the previous year. This distribution forecast has not been reviewed or reported on by the company's auditors. The company's interim results for the six months ending 31 December 2011 are expected to be released on SENS on or about 22 February 2012.

04-Nov-2011
(Official Notice)
Unitholders were advised that at the annual general meeting of the shareholders and debenture holders of Hospitality, held on 4 November 2011, all the resolutions were passed other than the following resolutions:

*the general authority for directors to allot and issue authorised but unissued securities; and

*the general authority to directors to issue shares for cash.
29-Sep-2011
(Official Notice)
Shareholders were advised that the annual financial statements will be distributed to shareholders on 30 September 2011 and contain no modifications to the reviewed results which were published on SENS on 17 August 2011.



Notice of the annual general meeting

Notice was given that the annual general meeting of shareholders and debenture holders will be held at Crowne Plaza Jhb - The Rosebank, corner Tyrwhitt and Sturdee Avenues, Rosebank at 10h00 on Friday, 4 November 2011 to transact the business as stated in the annual general meeting notice forming part of the integrated report. Hospitality's 2011 integrated report can be also be accessed on http://www.hpf.co.za/downloads/hpfjune11.pdf with effect from 30 September 2011.
17-Aug-2011
(C)
Revenue increased to R277.4 million (R265.6 million) and operating profit rose to R256.3 million (R236 million) . However, a loss for the year was recorded at R210.7 million (Loss of R276.5 million). Headline earnings per A and B linked units rose to 103.37cplu (54.84cplu) and 103.37cplu (54.84cplu), respectively.



Debenture interest payments

Unitholders will receive debenture interest payment number 11 for the six month period ended 30 June 2011, of 61.79cents per A linked unit and 20.45cents per B linked unit.



Prospects

The hotel industry is in an extremely weak trading cycle exacerbated by oversupply, which has resulted in a set-back in Hospitality?s earnings growth. The continuation of these trading conditions together with the anticipated higher refinancing costs through the renewal of its debt facilities, as well as higher than inflationary increases in municipal rates and electricity costs, will continue to impair earnings over the next 12 months. Distributions in the short term will remain under pressure, but the Fund is well positioned in the longer term, with its high quality portfolio of assets and which have been further enhanced with the acquisition of the Arabella Portfolio. The Westin in particular has a robust business model, which should provide strong earnings support, while the AHS provides the Fund with a future opportunity to realise profits from the sale of the land that is categorised as "properties held for trading". While distributable earnings are likely to remain under pressure for the 2012 financial year, management are focussed on driving operational performance to enhance unitholder returns, restructuring the Fund?s debt facilities to mitigate both concentration and expiry risk and reviewing the Fund?s capital structure with a view to reducing the B linked unit volatility.
10-Jun-2011
(Official Notice)
Hospitality included an early trading statement in its interim results announcement, released on 17 February 2011, advising unitholders that according to information available to directors at the time, "distributions per B-linked unit for the 6 months ending 30 June 2011 were expected to be at least 34% down on the previous corresponding period."



Unitholders are reminded that the Fund`s units in issue comprise A- and B- linked units. The Fund's distribution policy dictates that the A-linked units have a preferential claim to distributions, which distributions are set to escalate at 5% per annum up to the period ending 31 December 2011. Thereafter, the distributions will escalate at the lesser of 5% or CPI. The B-linked units receive the balance of the distributable earnings after deduction of the A- linked unit distributions.



Trading conditions in the hotel industry remain challenging due to the continuing effects of restrained demand and oversupply of available room stock resulting in widespread discounting of rates. Substantial increases in overhead costs arising mainly from administered prices further continue to erode margins. In addition, the number of public holidays in April, and to a lesser extent May, severely impacted on corporate and conferencing business during these months. Given that the prior year comparative included the World Cup period in June 2010, and based on information currently available, the directors expect the Fund's total distributions for the six months to 30 June 2011 to be at least 25% lower than the distributions in the previous year.



While the A-linked unit distribution remains unaffected, the B-linked unit distribution is consequently likely to be at least 60% lower than the previous corresponding period. This distribution forecast has not been reviewed and reported on by the company's auditors and the company's results for the year ending 30 June 2011 are expected to be released on SENS on or about 17 August 2011.

20-May-2011
(Official Notice)
Hospitality informed unitholders on 6 April 2011 on SENS and in the press that the conditions precedent to the acquisition by HPF Properties (Pty) Ltd, a wholly owned subsidiary of Hospitality Property Fund Limited, from Arabella South Africa Holding (Pty) Ltd and its subsidiaries of the property letting and hotel businesses carried on by them under the names of Westin Grand Cape Town Arabella Quays Hotel and The Arabella Western Cape Hotel and Spa("the Acquisition") had all either been waived or fulfilled. Accordingly, Hospitality unitholders are further advised that on Friday, 13 May 2011, HPF Properties took transfer of the immovable properties and the hotel business which forms the basis of the Acquisition.
06-Apr-2011
(Official Notice)
As previously announced on SENS and in the press, at a special general meeting held on 12 November 2010, Hospitality unitholders approved all the resolutions required to implement the proposed acquisition ("the acquisition") by HPF Properties (Pty) Ltd ("HPF Properties"), a subsidiary of Hospitality, from Arabella South Africa Holding (Pty) Ltd and its subsidiaries of the property letting and hotel businesses carried on by them under the name of The Westin Grand Cape Town Arabella Quays Hotel and the Arabella Western Cape Hotel and Spa ("AWCHS") together with certain properties which includes 460 hectares of undeveloped land adjoining AWCHS. All the conditions precedent to the acquisition have now been fulfilled or waived. HPF Properties is expected to take transfer towards the beginning of May 2011.
17-Feb-2011
(C)
24 Nov 2010 16:31:33
(Official Notice)
Unitholders are advised that at the sixth annual general meeting of the shareholders of Hospitality, held today, 24 November 2010, all the resolutions were passed other than the resolution giving the directors the general authority to issue ordinary shares for cash. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
15 Nov 2010 16:31:46
(Official Notice)
Linked unitholders were referred to the rights offer to Hospitality linked unitholders which closed on Friday, 12 November 2010 (the "rights offer") and are advised that in respect of the 21 030 043 Hospitality A-linked units ("rights offer A-linked units") and in respect of the 21 030 043 Hospitality B-linked units ("rights offer B-linked units") (collectively the "rights offer linked units") which were offered, linked unitholders and/or their renouncees applied for a total of 27 482 000 rights offer A-linked units (130.68%) and a total of 25 454 891 rights offer B-linked units (121.04%). The applications included excess applications for 6 541 172 rights offer A- linked units and 4 753 786 rights offer B-linked units of which 89 222 rights offer A-linked units and 328 938 rights offer B-linked units will be allocated equitably based on the number of linked units held by the linked unitholder concerned and the number of excess linked units applied for, taking cognisance of the number of linked units and rights held by the linked unitholder just prior to such allocation, including those taken up as a result of the rights offer, and the number of excess rights applied for by such linked unitholder. Given that the rights offer was fully subscribed for, after taking into account the applications received for excess rights offer linked units, the underwriters comprising Coronation Asset Management (Pty) Ltd, Stanlib Asset Management Ltd and Catalyst Fund Managers (Pty) Ltd will not be allocated any A-linked units or B-linked units pursuant to their underwriting obligations.



Dematerialised linked unitholders who have subscribed for rights offer linked units will have their accounts debited and updated by their CSDP/broker on Monday, 15 November 2010. Certificated linked unitholders who have subscribed for rights offer linked units will have certificates posted to them on Wednesday, 17 November 2010. Dematerialised linked unitholders who applied for excess rights offer linked units will have the excess linked units allocated to them debited to their accounts by their CSDP/broker on Wednesday, 17 November 2010. Certificated linked unitholders who applied for excess rights offer linked units will have certificates and/or refund cheques posted to them on or about Wednesday, 17 November 2010.
12 Nov 2010 15:01:58
(Official Notice)
Linked unitholders are advised that at the general meeting of Hospitality linked unitholders held on Friday, 12 November 2010, all of the resolutions required to implement the proposed acquisition by Hospitality of the property letting and hotel businesses carried on under the name of The Westin Grand Cape Town Arabella Quays Hotel ("the Westin") and the Arabella Western Cape Hotel and Spa ("AWCHS") together with certain properties and the Paulaner Brauhaus Restaurant and micro-brewery business ("the transaction"), were passed by the requisite majorities.



The transaction is subject to fulfilment or waiver (where applicable) of the following conditions precedent:

* the obtaining of various third party approvals required pursuant to existing leases and sub-leases, including the approval of the Cape Town International Convention Centre Company (Pty) Ltd ("Convenco") to the assignment of the tenant's rights in terms of the sub-lease between the sellers of the Westin and Convenco to HPF Properties (Pty) Ltd (a wholly-owned subsidiary of Hospitality), as well as the conclusion of new leases in respect of the Westin and AWCHS; and

* the signature of management agreements with Starwood Hotels and Resorts Worldwide, Inc. and Starwood EAM license and services Company BVBA for the management and licensing of the Westin.
28 Oct 2010 13:05:09
(Official Notice)
Unitholders are referred to the announcements released on SENS between 18 August 2010 and 8 October 2010 in relation to the proposed acquisition by Hospitality of the property letting and hotel businesses carried on under the name of The Westin Grand Cape Town Arabella Quays Hotel and the Arabella Western Cape Hotel and Spa together with certain properties and the Paulaner Brauhaus Restaurant and micro-brewery business ("the transaction"). Hospitality receiving the requisite approval from unitholders present (in person or by proxy) and voting at the general meeting of unitholders to be held at 10:00 on Friday, 12 November 2010 at the registered office of Hospitality at "3 on Glenhove", Cnr Glenhove Road and Tottenham Avenue, Melrose Estate, Johannesburg, 2196 ("the general meeting"). Unitholders are advised that the circular and notice to unitholders convening the general meeting had been dispatched on Thursday, 28 October 2010.
25 Oct 2010 14:18:10
(Official Notice)
Linked unitholders are referred to the announcements released on SENS between 18 August 2010 and 8 October 2010 in relation to the Hospitality rights offer ("the rights offer") and are advised that the circular to Hospitality linked unitholders in respect of the rights offer including revised listing particulars, has been dispatched on Monday, 25 October 2010. The rights offer opens on 25 October and will be implemented in accordance with the timetable detailed in the SENS announcement released on 1 October 2010.
08 Oct 2010 10:05:36
(Official Notice)
Linked unitholders are referred to the announcements released on SENS between 18 August 2010 and 1 October 2010 in relation to the rights offer by Hospitality ("the rights offer") in terms of which Hospitality A-linked unitholders will be offered a total of 21 030 043 rights offer A-linked units at an issue price of R12.80 each in the ratio of 31.0492 rights offer A-linked units for every 100 A-linked units held by them on the record date for participation in the rights offer and Hospitality B-linked unitholders will be offered a total of 21 030 043 rights offer B-linked units at an issue price of R10.50 each in the ratio of 31.0492 rights offer B-linked units for every 100 B-linked units held by them on the record date for participation in the rights offer.



Conditions precedent and salient dates

Linked unitholders are advised that the rights offer circular, forms of instruction and other documents have been registered with the Companies and Intellectual Property Registration Office, as required by Section 146A of the Companies Act (Act 61 of 1973). Accordingly, all conditions precedent to the rights offer are now fulfilled. The salient dates and times of the rights offer will be the same as those published in the announcement released on SENS on Friday, 1 October 2010 and published in the press on Monday, 4 October 2010.
01 Oct 2010 12:26:57
(Official Notice)
30 Sep 2010 16:38:05
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed to shareholders today and contain no modifications to the reviewed results which were published on SENS on 18 August 2010. Notice is hereby given that the sixth annual general meeting of Hospitality's shareholders will be held at Holiday Inn Sandton, 123 Rivonia Road, Sandton on Wednesday, 24 November 2010 at 10h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
31 Aug 2010 16:08:20
(Official Notice)
18 Aug 2010 18:20:28
(Official Notice)
18 Aug 2010 17:06:56
(C)
Revenue increased to R265.6 million (R261.9 million) and operating profit rose to R235.9 million (R230.6 million) . However, a loss for the year was recorded at R241.2 million (Profit of R38.5 million).Headline earnings per A and B linked units rose to 55.31cplu (45.62cplu) and 55.31cplu (45.62cplu), respectively.



Debenture interest payments

Final debenture interest payments of 58.84c per A-linked unit and 51.68c per B-linked unit have been declared.



Prospects

The first 10 days of the new financial year continued to derive benefit from the FIFA World Cup 2010 event as the majority of the Fund's room inventory was sold for this period. For the remainder of the financial year Management expects trading conditions to remain challenging due to the increased room supply and cautious corporate, conference and leisure travel spend. In addition to the Arabella Portfolio the Fund is also considering other acquisitions that have come onto the market, some of which are unique and highly sought-after properties. As a result of the distressed trading conditions and partly due to the recent overzealous development initiatives, prices are expected to remain favourable. The existing portfolio, the bulk of which is newly refurbished, together with the prospective new acquisitions and supported by more streamlined management and lease structures, should see the Fund well-positioned to take maximum advantage of a recovery in the economy.
23 Jul 2010 16:49:33
(Official Notice)
Further to the cautionary announcement dated 9 June 2010, linked unitholders were advised that negotiations are still in progress with the Arabella South Africa Holding (Pty) Ltd group of companies to acquire the two 5-star properties known as Westin Grand Hotel and Arabella Western Cape Hotel - Spa ("the transaction"). The transaction, if concluded, may have a material effect on the price of Hospitality's linked units and unitholders are accordingly advised to continue to exercise caution when dealing in Hospitality's linked units until a further announcement is made.
09 Jun 2010 17:30:43
(Official Notice)
Linked Unitholders ("Unitholders") are advised that Hospitality is at an advanced stage of negotiations to acquire two properties from the Arabella South Africa Holding (Proprietary) Limited group of companies ("the Transaction"), comprising:

*The 5-star Westin Grand Hotel located adjacent to the Cape Town International Convention Centre (CTICC).

*The 5-star Arabella Western Cape Hotel - Spa and the Arabella Golf Course situated on the Arabella Country Estate near Hermanus and approximately 155km's from Cape Town, including 437 hectares of undeveloped land located adjacent to the Arabella Country Estate.

The transaction, will be classified as a Category 1 transaction in terms of the JSE Limited Listings Requirements and will require, amongst other things, Unitholder approval. The transaction, if concluded, may have a material effect on the price of Hospitality's linked units and Unitholders are accordingly advised to exercise caution when dealing in Hospitality`s linked units until a further announcement is made.

20 May 2010 13:25:51
(Official Notice)
In accordance with Section 3.59 of the JSE Limited Listing Requirements, in respect of a change to the board of directors, Hospitality unitholders are advised that Mr Tim Sewell has resigned as independent non-executive chairman with effect from 19 May 2010. Mr Frank Berkeley, who was appointed as an independent non-executive director to the board on 11 March 2010, will assume the role of chairman with immediate effect.

12 Mar 2010 11:13:37
(Official Notice)
Hospitality informed its unitholders that Mr Frank Berkeley had been appointed as an independent non-executive director to the board with effect from 11 March 2010.
09 Mar 2010 15:34:33
(Official Notice)
Linked unitholders are advised that HPF Properties (Pty) Ltd, a wholly owned subsidiary of Hospitality, has entered into an agreement to acquire the 4-star hotel known as "Protea Hotel Edward" from Protea Hospitality group (Pty) Ltd and its wholly owned subsidiary, Swanvest 258 (Pty) Ltd for a total purchase consideration of R110.4 million. The Hotel is located at 149 O.R. Tambo Parade, approximately 50 metres from Durban's main beach and one kilometre from Durban's city centre. Protea will continue to operate the Hotel in terms of the lease referred to in paragraph 4 below. The acquisition is a Category 2 transaction for the purposes of the JSE Ltd Listings Requirements and this announcement is published in accordance with such requirements.



The acquisition of this hotel, located on Durban's beachfront, is in line with the Fund's objective of growing its investment portfolio in a controlled manner through the addition of quality assets which will further diversify the portfolio and which have the potential to enhance unitholder returns.



The Hotel will be acquired as a going concern. The consideration will be settled either by debt financing or by a vendor placing of the Fund's units in terms of the specific authority granted by shareholders at the Fund's annual general meeting held on 30 October 2009, whereby such number of unissued "A" and "B" shared were placed under the control of the directors to allot and issue, subject to the Companies Act, 1973, the Fund's articles of association and the JSE listings requirements, to settle a maximum purchase consideration of R111 million, or a combination of both. The acquisition will be effective from transfer of the Hotel to the purchaser which is expected to be during May 2010, subject to fulfilment of the conditions precedent referred to in paragraph 3 below.



Conditions Precedent

The implementation of the agreement is subject to -

*The approval of Protea, as the sole shareholder of Swanvest, to the sale of the Hotel letting business in terms of Section 228 of the companies act, and such special resolution being registered with CIPRO *The conveyancers attending to the transfer providing a certificate confirming that there are no impediments regarding the prior acquisition of the Hotel by Swanvest.
18 Feb 2010 13:56:11
(C)
15 Dec 2009 17:03:52
(Official Notice)
Unitholders are hereby advised that Hospitality Property Fund Managers (Pty) Ltd has resigned and Vexicure (Pty) Ltd has been appointed as company secretary for Hospitality Property Fund Ltd with effect from 1 December 2009.
10 Dec 2009 15:52:32
(Official Notice)
The directors expect the total distribution per linked unit for the six months to December 2009 to be between 30% and 40% lower than the distribution for the corresponding period in the previous year. Unitholders are reminded that the Fund`s units in issue comprise A- and B- linked units, with A-linked units having a preferential claim to earnings with year-on-year growth of 5% per linked unit for the current reporting period. The B-linked units receive the balance of the earnings and due to the leveraging effect of the A-linked unit earnings growth, distributions per B-linked unit are expected to be between 55% and 65% down on the previous corresponding period.



The short term outlook for the industry remains challenging. While government and corporate travel and conferencing volumes remain substantially below historic levels, forward bookings suggest that demand should pick up from February 2010. Foreign leisure travel is likely to remain depressed in the early part of next year, while the FIFA World Cup 2010, which straddles the fund's year-end, will provide a much needed boost to hotel profits. Most of the fund's hotels have already contracted to major clients for the full period of the event. The aim will be to ensure that maximum benefit is derived pre and post the World Cup period. The medium to long term outlook for the industry remains positive.



Hospitality's interim results for the six months to 31 December 2009 are expected to be published towards the latter part of February 2010.
13 Nov 2009 14:08:40
(Official Notice)
Hospitality unitholders, at the recent annual general meeting of the company ("the AGM")passed a resolution to approve a specific authority ("the authority") to allot, issue or otherwise dispose of such number of unissued shares in the authorised capital of the company as would satisfy a maximum purchase consideration of R111 million for the acquisition a 4-star hotel located in Durban ("the proposed acquisition"), which authority is to lapse when the proposed acquisition is either concluded or abandoned. Unitholders were advised of the proposed acquisition, prior to the posting of the notice of the AGM by way of a cautionary announcement dated 30 September 2009.



Negotiations in respect of the proposed acquisition are continuing. However, as the proposed acquisition, if concluded, will not have a material effect on the price of Hospitality's linked units, the cautionary announcement is withdrawn. Unitholders are accordingly no longer required to exercise caution when dealing in their securities. Unitholders will be advised when the proposed transaction is concluded or abandoned.
30 Oct 2009 15:02:04
(Official Notice)
Unitholders are advised that at the fifth annual general meeting of shareholders and at the general meeting of debenture holders of Hospitality, both held today, 30 October 2009, all the ordinary and special resolutions proposed were approved by the requisite majority of votes. The special resolution will be lodged for registration with the companies and intellectual property registration office in due course.
16 Oct 2009 16:34:15
(Official Notice)
Linked unitholders are advised that at the general meetings of Hospitality shareholders and debenture holders held on Friday, 16 October 2009, all of the resolutions relating to the acquisition of all the issued shares of and shareholders' claims against Hospitality Property Fund Managers (Pty) Ltd and the issues of linked units for cash were passed by the requisite majorities, with the result that the transaction is now unconditional.
01 Oct 2009 14:54:13
(Official Notice)
Linked unitholders are referred to the announcement dated 19 August 2009 in which Hospitality advised that it had reached an agreement with the shareholders of Hospitality Manco, being Grapnel Property Asset Managers (Pty) Ltd and Hotel Tourism and Leisure Asset Management (Pty) Ltd (collectively the "sellers") to acquire all of the issued shares of and shareholders' claims against Hospitality Manco (the "transaction"). The total purchase price is subject to a minimum purchase price of R123 million ("minimum price") which is payable on or around the effective date of the transaction and a potential top up payment ("top up payment"), determined in terms of a formula, which is payable after the issue of the annual financial statements of Hospitality for the 12 months ending 30 June 2012 and may result in a maximum purchase price of R180 million (escalated at CPI between the effective date of the transaction and 30 June 2012).



Salient dates

The salient dates and times for the transaction are as follows:

*Circular posted on Thursday, 1 October 2009

*Receipt of forms of proxy for the general meeting of Hospitality shareholders by 10:00 on Wednesday, 14 October 2009

*Receipt of forms of proxy for the general meeting of Hospitality debenture holders by 10:30 on Wednesday, 14 October 2009

*The general meeting of Hospitality shareholders at 10:00 on Friday, 16 October 2009

*The general meeting of Hospitality debenture holders at 10:30 on Friday, 16 October 2009

*Results of the general meetings published on SENS on Friday, 16 October 2009



Cautionary

Caution is no longer required to be exercised by Hospitality linked unitholders in respect of this transaction when dealing in their linked units. However, linked unitholders are referred to the announcement dated 30 September 2009 in relation to the proposed acquisition of a 4-star hotel in Durban and are advised to continue to exercise caution when dealing in their linked units until such time as a further announcement is released in this regard. A circular containing fuller information regarding the transaction was posted to linked unitholders on Thursday, 1 October 2009.
30 Sep 2009 18:58:33
(Official Notice)
With regard to the reviewed results for the year ended 30 June 2009 shareholders are advised that the annual financial statements have been distributed to shareholders today and contain no modifications to the reviewed results which were published on SENS on 19 August 2009.



Notice of the annual general meeting

The fifth annual general meeting of Hospitality's shareholders will be held at Crowne Plaza Johannesburg - The Rosebank, corner Tyrwhitt and Sturdee Avenues, Rosebank, on Friday, 30 October 2009 at 10h00.
30 Sep 2009 18:56:59
(Official Notice)
Linked unitholders are advised that Hospitality has entered into negotiations to acquire a 4-star hotel located in Durban, the maximum consideration for which is not expected to exceed R111 million. The transaction, if concluded, will not have a material effect on the price of Hospitality's securities. Unitholders are advised to exercise caution when dealing in Hospitality's securities until a detailed announcement is made.
19 Aug 2009 17:55:13
(C)
Revenue increased to R261.9 million (R200.6 million) and operating profit rose to R230.6 million (R173.7 million) . However, profit for the year declined to R38.5 million (R228.4 million) and headline earnings per A and B linked units fell to 45.62cplu (178.32cplu) and 45.62cplu (178.32cplu), respectively.



Debenture interest payments

Final debenture interest payments of 56.04c per A-linked unit and 60.61c per B-linked unit have been declared.



Prospects

Despite the recent interest rate declines, the outlook for the property and hospitality sector remains challenging. A continuing recessionary environment, budgetary constraints in the corporate and government sector s as well as limited personal disposable income is likely to result in continuing pressure on both occupancies and average room rates for the remainder of 2009. The outlook for calendar year 2010 is more positive with the prospect of economic recover y and enhanced returns as a result of the lead up to and the event of the FIFA World Cup 2010. It is important to note, however, that only half of the event will take place within the 2010 financial year. The refurbished portfolio is well positioned to benefit from improved market activity in the future.
19 Aug 2009 17:46:38
(Official Notice)
Linked unitholders are advised that Hospitality has reached an agreement with the shareholders of Hospitality Manco, being Grapnel Property Asset Managers (Pty) Ltd and Hotel Tourism and Leisure Asset Management (Pty) Ltd (collectively the "sellers") to acquire all of the issued shares of and shareholders` claims against Hospitality Manco (the "transaction") with effect from the date on which the transaction is implemented (the "effective date"). Hospitality Manco is the external asset manager of Hospitality in terms of a management contract concluded between Hospitality, HPF Properties (Pty) Ltd (Hospitality's wholly-owned subsidiary) and Hospitality Manco on 15 January 2006 (the "asset management agreement").



Terms of transaction

In terms of the asset management agreement, Hospitality has an option to acquire all the issued shares of and shareholder claims' against Hospitality Manco for a price essentially arrived at by escalating the after tax cash flow from Hospitality Manco's operations for the previous 12 months by CPI for a six year forecast period and discounting the forecast cash flows by the average yield of Hospitality over the previous 12 months (the "option formula"). If the option formula was applied in respect of the 12 months ended 30 June 2009 it would result in a price of approximately R175.8 million for all the issued shares of and shareholders' claims.



Conditions precedent

The transaction is subject to fulfilment or, where permitted, waiver of the following conditions precedent:

*the requisite approval by linked unitholders to implement the transaction and to issue the requisite linked units to fund the minimum price and, if due, the top up payment;

*the receipt by the company of a tax ruling or a tax opinion acceptable to the board, in relation to the structuring of the transaction; and

*all regulatory approvals required for the implementation of the transaction.



Further documentation

A circular containing further details of the transaction, including the independent fairness opinion referred to above and a notice convening a general meeting, will be sent to Hospitality linked unitholders in due course.



Financial effects and cautionary

The financial effects of the transaction have not been finalised and will be published in due course. Pending further announcements, unitholders are advised to exercise caution when dealing in their linked units.
12 Jun 2009 11:38:58
(Official Notice)
Although Hospitality's year-end is 30 June, linked unitholders are advised that the directors at this stage expect distributable earnings per B-linked unit for the six months ending 30 June 2009 to be between 20% and 30% lower than the corresponding period in the previous year. For the full year to 30 June 2009 the distribution of the B-linked unit is expected to decline by between 4% and 9%.



The fund's total distributable earnings for the full financial year are expected to be relatively flat and for the six months to 30 June 2009 to be between 10% and 16% lower than the corresponding period in the previous year. Unitholders are however reminded that the fund's units in issue comprise A- and B-linked units, with A-linked units having a preferential claim to earnings with capped growth and the B-linked units receiving the balance of earnings. While the A-linked unit distributions for this period will remain unaffected, any increase or decrease in the fund's distributable earnings has a leveraging effect on the B-linked unit distributions.



The distribution forecast has not been reviewed or reported on by the company's auditors and the company's results for the year ending 30 June 2009 are expected to be released on SENS on or about 19 August 2009.
18 Feb 2009 17:40:15
(C)
Revenue increased to R128.9 million in 2008 from R95.8 million. Operating profit increased to R114.1 million in 2008 from 83.4 million. Profit for the period was -R129.6 million in 2008 as opposed to R268.0 million in 2007. HEPS per linked A-units for 2008 -30.07c (2007: 81.19), B-Linked Units for 2008 -30.07c (2007: 81.19).



Dividends per share

The A-linked units distribution amounts to 54,72c up 5% year-on-year which is in accordance with the Fund?s distribution structure. The B-linked unit distribution is 92,04c, which represents a 13,4% year- on-year increase. This has been achieved despite a weakening economic climate and a challenging trading environment over the past few months.



Prospects

South Africa's economic outlook has changed considerably during the latter part of the reporting period. Economic forecasts indicate that inflationary pressures are likely to slow during the second half of the current financial year setting the tone for further easing of monetary policy. Nevertheless consumer and corporate expenditure are expected to remain under pressure in the short term. However, the medium to long term outlook is set to improve with events in 2010 and the funds enhanced total offerings.
03 Feb 2009 07:53:55
(Official Notice)
Mr Youseph Aminzadeh has resigned as deputy chief executive officer of the fund. Mr Aminzadeh will remain an executive director of Hospitality. The fund also announced that Mr Andrew Rogers, the current COO of Hospitality and an executive director of the board has been appointed as deputy chief executive officer. The above changes are effective from 2 February 2009.
01 Oct 2008 17:38:18
(Official Notice)
Further to the terms announcement published on Sens on 24 July 2008, wherein HPF Properties (Pty) Ltd ("HPF"), a wholly owned subsidiary of Hospitality announced that it had acquired the Holiday Inn Hotel Sandton - Rivonia Road, subject to certain conditions precedent, unitholders are advised that the Hotel has commenced trading and that HPF took transfer of the Hotel on 26 September 2008.
30 Sep 2008 15:53:41
(Official Notice)
With regard to the reviewed results for the year ended 30 June 2008 shareholders are advised that the annual financial statements have been distributed to shareholders and contain no modifications to the reviewed results which were published on SENS on 21 August 2008.



The fourth annual general meeting of Hospitality Property Fund Ltd shareholders will be held at The Rosebank, corner Tyrwhitt and Sturdee Avenues, Rosebank, on Friday, 31 October 2008 at 10:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
21 Aug 2008 14:50:56
(C)
The fund's portfolio was independently valued at 30 June 2008 by JHI (Gensec Property Services Ltd) at R2.3 billion. The Net Asset Value per combined linked unit equates to 1 562c, which represents a year-on-year increase of 17%. At 30 June 2008 the combined units were trading at an 18.2% discount to the NAV. Throughout the trading period all the properties were fully let. The average lease period is 8.4 year s, with the first lease, accounting for 3.2% of the fund's rental income expiring in February 2009. Negotiations for the renewal of this lease are well advanced. The results achieved during the financial year ended 30 June 2008 continued to exceed expectations. The A-linked unit distribution amounts to 105.49c, which is per the fund's fixed distribution structure. The B-linked unit distribution equates to 166.16c, which represents a growth in distribution of 18.3% over the previous year.



Prospects

South Africa's economic growth prospects reduced significantly during the latter half of the reporting period mainly due to electricity supply constraints, rising fuel prices and increasing inflation rates. In addition to this, the value of listed property stocks has been adversely affected by higher interest rates. Despite the challenging trading climate, the fund's diverse portfolio, with a high domestic corporate consumer base, is well-positioned to deal with a slowdown in economic growth. The foreign tourism climate remains positive, with international tourist arrivals in South Africa continuing to grow at a significantly higher rate than tourist arrivals globally. Whilst the coming financial year is likely to present challenges, the fund appears to be well-placed to benefit from the positive climate in the hotel industry as well as the repositioned and newly refurbished hotels within the portfolio.
24 Jul 2008 15:21:04
(Official Notice)
Linked unitholders are advised that HPF Properties (Pty) Ltd, a wholly owned subsidiary of Hospitality has entered into an agreement dated 23 July 2008 ("the agreement") to acquire the 4-star hotel known as the "Holiday Inn Sandton - Rivonia Road" ("the hotel") adjacent to the Village Walk Shopping Centre from Central Plaza Investments 28 (Pty) Ltd ("the seller") for a total purchase consideration of R400 million ("the consideration") (collectively "the acquisition"). The 301-key hotel is currently under construction and is expected to be completed by September 2008 and the fund will acquire the hotel once it is operational. The acquisition is a category two transaction for the purposes of the listing requirements of the JSE Ltd and this announcement is published in accordance with such requirements.



Conditions precedent

The implementation of the agreement is subject to the fulfilment of the following conditions precedent:

*the acquisition being unconditionally approved, alternatively approved subject to conditions acceptable in terms of the Competition Act, 1989 of 1998, by the Competition Authorities of South Africa;

*the execution of a reciprocal servitude of parking and access with a neighbouring property; and

*the conclusion of a lease agreement between the seller and Majormatic 194 (Pty) Ltd.
13 Jun 2008 12:46:38
(Official Notice)
Dr Zuko Kubukeli will be appointed as an independent non-executive director to the board of directors with effect from 27 June 2008.
22 May 2008 13:54:42
(Official Notice)
Hospitality`s linked unitholders are advised that Hospitality's distributable earnings per B-linked unit for the year ending 30 June 2008 are expected to be between 15% and 20% higher than the corresponding reporting period in the previous year. The above information has not been reviewed or reported on by the company's auditors and the company's results for the year ended 30 June 2008 are expected to be released on or about Thursday, 21 August 2008.
06 Mar 2008 12:21:55
(Official Notice)
Linked unitholders are referred to the cautionary announcement dated 22 January 2008, and are advised that as negotiations have been terminated, caution is no longer required to be exercised when dealing in the company?s securities.
21 Feb 2008 17:21:47
(C)
The favourable hospitality and property trading conditions resulted in significant growth in earnings. Distributions for the period amount to 52.11c per A-linked unit, which is in line with the company's distribution policy. The distribution per B-linked unit of 81.15c per B-linked unit, equates to an increase of 18.1% over the corresponding period in 2006. The growth in rental income was predominantly as a result of increased rental income from properties under C-Corp and variable rental structures due to the favourable hospitality trading climate and continued improvements in operating efficiencies and performance. The acquisitions concluded during the period were overall yield enhancing. Net finance costs reduced substantially due to the cash raised in the rights issue not being fully utilised during the period.



Prospects

The operating climate in the hospitality industry is buoyant and the Fund is well-placed to benefit from this. According to the Deloitte HotelBenchmark study, occupancies in South Africa remained relatively high, whilst average achieved room rates increased by 15% during the reporting period. The Fund is able to benefit from the growth in earnings through its variable rental structures, whilst effective hotel and asset management structures have contributed to increases in operating margins. The investments in the Fund's existing properties will position the portfolio to take advantage of the favourable trading conditions in the hotel industry anticipated to continue over the next few years, particularly in the lead up to 2010. This should lead to sustained growth in the foreseeable future. The board expects distribution growth for the full financial year to remain robust.
12 Feb 2008 14:59:17
(Official Notice)
Hospitality's linked unitholders are therefore advised that Hospitality's distributable earnings per B-linked unit for the period ended 31 December 2007 are expected to be between 17% and 19% higher than the corresponding reporting period in the previous year. The above information has not been reviewed or reported on by the company's auditors and the company's results for the period ended 31 December 2007 are expected to be released on or about Thursday, 21 February 2008.
26 May 2006 08:43:48
(Official Notice)
Linked unitholders are referred to the cautionary announcement dated 11 April 2006. Based on feedback from the shareholders of City Lodge Hotels Ltd ("City Lodge") and further discussions with the management of City Lodge, the board of directors of Hospitality has resolved not to proceed with any proposals relating to the acquisition by Hospitality of City Lodge. Accordingly, caution is no longer required to be exercised by unitholders of Hospitality when dealing in their securities.
11 Apr 2006 13:40:06
(Official Notice)
Linked unit holders of Hospitality are advised that Hospitality has submitted a letter to the board of directors of City Lodge wherein Hospitality has expressed its interest in potentially making an offer or proposing a scheme of arrangement to acquire the entire issued ordinary share capital of City Lodge. After the implementation of the acquisition and as an integral part of the transaction, Hospitality would sell the City Lodge hotel operating business including the movable assets, staff and brand names of the City Lodge group, to a separate operating company ("OpCo"). OpCo will contemporaneously enter into a lease for the City Lodge hotel properties with Hospitality. OpCo will be 100% held by a consortium comprising Hans Enderle, management of City Lodge ("Management") and staff of City Lodge ("the OpCo Consortium"). Linked unit holders should note that the abovementioned letter does not constitute an offer or proposal for a scheme of arrangement and is not to be construed as a statement by Hospitality of a firm intention to make an offer. Rather it is indicative of the current stage of negotiations. The making of any offer or proposal of any scheme of arrangement will be dependent inter alia upon the successful conclusion of negotiations and the successful outcome of a due diligence exercise.



A further announcement of Hospitality's intentions will be released on SENS and published in the press. Should Hospitality proceed with the potential transaction, it could have an impact on the price at which Hospitality A linked units and B linked units trade on the JSE. Linked unitholders of Hospitality are accordingly advised to exercise caution when dealing in their Hospitality linked units until a further announcement is made.
29 Mar 2006 09:56:04
(Media Comment)
Commenting on Hospitality's future prospects, Gerald Nelson, managing director of Grapnel Property Fund, told Business Day, "we think there is capacity to grow the fund comfortably to around R4 billion in asset value over three years,". Grapnel currently manages the fund which has a property portfolio of R1.1 billion.
17 Feb 2006 11:06:12
(Media Comment)
Hospitality's share price closed 24% higher at R12.40 on 16 February 06, its first day of listing, noted Business Day.
16 Feb 2006 14:42:28
(Official Notice)
Hospitality Property Fund, a specialised listed property fund invested exclusively in hotels and resorts, listed on the JSE on 16 February 2006. The group noted that it had a significantly oversubscribed private placement of its A linked units and B linked units at R10.00 per linked unit for both in respect of R512 million. Applications received exceeded R3.9 billion, nearly eight times the amount on offer.
03-Aug-2018
(X)
The Company is a Real Estate Investment Trust (?REIT?) listed on the JSE Limited (?JSE?). The Company is the only specialised REIT in South Africa investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries.



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