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18-Sep-2018
(Official Notice)
Noteholders are advised that Vukile has released R1.8 billion worth of properties secured to the Group 1 Notes, being the VKE07, VKE09 and VKE10 senior secured notes ("the Group 1 Property Portfolio"). After the release of the Group 1 Property Portfolio, the Transactional Loan to Value ratio of 33.7% remains well below the covenant level of 45%.



Despite the release of the Group 1 Property Portfolio, Global Credit Rating Co. ("GCR") calculated overall recovery rate at 100%, which still carries the qualification "Excellent Recovery Prospects" based on GCR's Global Structurally Enhanced Corporate Bonds Rating Criteria. Hence Vukile's rating has remained unchanged and GCR has affirmed the rating of the Group 1 Notes as 'AA+(ZA)' with a Stable outlook.



GCR's credit rating announcement is publicly available on its website at globalratings.net/news/article/vukile-property-fund-limited-senior-secured-floating-rate-notes-rating1



The R1.8 billion worth of properties released from this security pool, together with the release of the R1.1 billion Namibian portfolio from a banking security pool increases the unsecured assets of the Issuer.
12-Sep-2018
(Official Notice)
Shareholders are advised that PricewaterhouseCoopers Inc. will be appointed as auditors in the place of Grant Thornton Johannesburg ("Grant Thornton") effective 11 September 2018.



The audit services of Grant Thornton were terminated with effect from 11 September 2018, due to the decision to adopt an early audit rotation approach given that Grant Thornton has been the auditors of Vukile since listing in 2004.
03-Sep-2018
(Official Notice)
Further to the executive succession plans previously communicated to shareholders in the Integrated Annual Report 2018, shareholders are advised that the Company has received the formal retirement notification of Mr Michael Potts, the Financial Director of Vukile. Mr Potts will retire as Financial Director on 31 March 2019.



As replacement for Mr Potts, the Company has appointed Mr Elton Bosch as CFO Designate with effect from 1 September 2018. Mr Bosch will join the Board as an executive director on 1 April 2019, following Mr Potts?s retirement.



In addition, Ms Lopion, the current Managing Director: Southern Africa has also indicated her formal intention to retire on 30 June 2019 and succession planning in respect of her role is ongoing.
15-Aug-2018
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 14 August 2018 (in terms of the notice of annual general meeting dispatched to shareholders on 16 July 2018), all of the resolutions tabled thereat, were passed by the requisite majority of Vukile shareholders with the exception of special resolution number 5 in respect of financial assistance to executive directors and prescribed officers for participation in the Share Purchase Plan. 74.57% of shareholders voted in favour of special resolution number 5 which relates to the provision of financial assistance to executive directors and prescribed officers for participation in Vukile's Share Purchase Plan. Vukile intends engaging with the two significant shareholders who voted against special resolution number 5 to ascertain the reasons therefore.
01-Aug-2018
(Official Notice)
Shareholders are referred to the previous announcement released on SENS dated 18 July 2018 ("previous announcement") relating to the proposed acquisition by Vukile of a shareholding in Morzal Properties Iberia S.L. ("Morzal") which had secured the opportunity to acquire 4 shopping centres in Spain (the "Morzal acquisition"). Vukile's investment in Morzal was contingent on the conclusion of various co-investment and underwrite arrangements (collectively referred to in the previous announcement as the "proposed transaction").



Post implementation of the Morzal acquisition on 31 July 2018 and following a successful capital raise by Vukile, Vukile has concluded the formal agreements required to give effect to its participation in the proposed transaction. Accordingly Vukile is pleased to announce that it has acquired by way of subscription a 51% shareholding in Morzal and the proposed transaction has been implemented on the terms more fully detailed in the previous announcement.



The transaction is classified as a category 2 transaction in terms of the JSE Listings Requirements. All disclosures required in terms sections 9.15 and 13.11 of the JSE Listings Requirements are set out in the previous announcement.



As indicated in the previous announcement, Vukile has presented Castellana Properties Socimi S.A ("Castellana") with the opportunity for Castellana to acquire 100% of the equity in Morzal from existing Morzal shareholders (including Vukile's 51% shareholding in Morzal) at a price of EUR6.00 per Morzal share, which represents Morzal's acquisition cost, by way of a shares for shares transaction ("Castellana share swap"). The board of Castellana met on 1 August 2018 and has agreed, subject to conclusion of agreements under Spanish Law, the requirements of the Mercado Alternativo Bursatil operated by the Spanish Stock Exchange and Castellana shareholder approval, to proceed with the Castellana share swap.



The implementation of the Castellana share swap will have the effect of Vukile disposing of its 51% equity interest in Morzal to Castellana and Castellana, a subsidiary of Vukile, acquiring 100% of the equity interest in Morzal. Further details in this regard will be announced in due course.
31-Jul-2018
(Official Notice)
Shareholders are advised that Vukile's integrated annual report containing the audited financial statements for the year ended 31 March 2018 (on which the company's auditors have expressed an unmodified opinion), has been published on the company's website, www.vukile.co.za, today (Tuesday, 31 July 2018), and contains no changes to the summarised audited results for the year ended 31 March 2018, released on SENS on 30 May 2018. The notice of annual general meeting was dispatched to shareholders on Monday, 16 July 2018.



Shareholders are further 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, http://vukile.co.za/corporate-overview/corporate- governance.php#.
25-Jul-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 18 July 2018 and are advised that the shares in Vukile's 98% Spanish subsidiary, Castellana Properties Socimi S.A ("Castellana"), have on 25 July 2018 been listed by way of introduction on the Mercado Alternativo Bursatil ("MAB") operated by the Spanish Stock Exchange. The shares were listed by way of introduction at EUR6.00 per share, which attributes a market capitalisation to Castellana of c.EUR204 million. The listing ensures that Castellana complies with applicable Spanish tax legislation in order for Castellana to maintain its REIT status.



As at 31 March 2018, Vukile's investment in Castellana accounted for 21% of Vukile's total assets.
18-Jul-2018
(Official Notice)
Shareholders are advised that Vukile has closed its bookbuild announced earlier today, 18 July 2018.



The amount of capital raised was R1 630 million through the placing of an aggregate of 86 715 812 new shares. Of the R1 630 million of capital raised, R1,380 million was raised pursuant to the accelerated bookbuild process at R18.66 per share (which includes a pro-rata allocation of orders placed on behalf of management under the Vukile Share Purchase plan at the book price of R18.66 per share) and R250 million will be raised by way of placement with the Encha SPV in terms of the Encha equity funding platform arrangements as detailed in Vukile's circular issued on 5 June 2013. Even at the R1 630 million level (which was the maximum available to be raised under existing shareholder authorities) the book was significantly oversubscribed.



Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00 on Thursday, 26 July 2018.
18-Jul-2018
(Official Notice)
In light of the strong demand in response to the announcement issued earlier on 18 July 2018 of an equity raise by Vukile, the quantum of equity targeted will be increased to the maximum amount available under the shareholder authorities in place of circa R1 630 million. The equity raise is being offered to qualifying investors through an accelerated book build process.
18-Jul-2018
(Official Notice)
18-Jul-2018
(Official Notice)
Subject to pricing acceptable to Vukile, the company proposes an equity raise of approximately R1 300 million through the issue of new shares. The new shares will be issued under a vendor consideration placing (as defined under paragraph 5.62 of the JSE Listings Requirements) and Vukile's general authority to issue shares for cash as well as the authorities to issue shares under the Encha equity funding platform and matching facility as initially detailed in Vukile's circular issued to shareholders on 5 June 2013 (the "Encha equity platform and matching placement facility circular") and further extended for a 12-month period to 31 July 2018 at the annual general meeting (AGM) of the shareholders of Vukile held on Tuesday, 12 September 2017.



Of the equity raised, R250 million may be acquired by Encha SPV (as contemplated in the Encha equity platform and matching placement facility circular) and R115 million may be acquired by management at the bookbuild price in terms of Vukile's Share Purchase Plan. The remaining equity will be offered to selected investors through an accelerated bookbuild process ("the bookbuild").



Both public and non-public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) may participate in the vendor consideration placing and only public investors may participate in the equity raise under the company's general authority to issue shares for cash.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the bookbuild. The bookbuild is now open and the company reserves the right to close it at anytime. Vukile reserves the right to increase the size of the equity raise subject to demand.
16-Jul-2018
(Official Notice)
Shareholders are advised that Vukile's notice of annual general meeting and summarised audited results for the year ended 31 March 2018 were dispatched to shareholders on Monday, 16 July 2018.



The annual general meeting will be held at 09h00 on Tuesday, 14 August 2018, in the main boardroom, One-on-Ninth, Corner Glenhove Road and Ninth Street, Melrose Estate, 2196, Gauteng.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 31 July 2018 and the record date for voting purposes is Friday, 3 August 2018.



The company's integrated annual report, incorporating the audited annual financial statements for the year ended 31 March 2018, will be published on the company's website by no later than 31 July 2018 and an announcement in this respect will be released in due course.
13-Jul-2018
(Official Notice)
Vukile noteholders and shareholders are advised that Vukile has undertaken a debt capital markets roadshow. A copy of the debt investor presentation, which was presented to members of the investment community, is available on the company's website: http://www.vukile.co.za/cmsAdmin/uploads/dmtn-roadshow-july-2018.pdf.



Vukile noteholders and shareholders are further advised that GCR released a ratings report on Thursday, 5 July 2018, in which Vukile's corporate long term rating was upgraded to A+(za) and the short term rating was affirmed at A1(za) with the outlook accorded as stable.
25-Jun-2018
(Official Notice)
Shareholders are referred to the declaration of an interim cash dividend of 96.16625 cents per share (the "cash dividend") with an election to reinvest the dividend in return for Vukile shares (the "share alternative") announced on SENS on Wednesday, 30 May 2018 for the year ended 31 March 2018 and the announcement of the reinvestment price per new share (being R20.30 per share) applicable to Vukile shareholders electing the share alternative released on SENS on Tuesday, 12 June 2018.



Shareholders holding 84 994 280 Vukile shares or 10.83052% of Vukile shares (prior to the election) qualifying to receive the cash dividend elected to receive the share alternative, resulting in the issue of 3 857 140 new Vukile shares, retaining R78 299 942.00 (based on the issue price of R20.30 per new share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Vukile. Accordingly, a total cash dividend of R672 944 574.61 is payable today in respect of 699 772 087 Vukile shares.



The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share alternative in respect of some or all of their shares will be credited with the cash dividend on Monday, 25 June 2018 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday, 27 June 2018 with their new Vukile shares.
12-Jun-2018
(Official Notice)
31-May-2018
(Official Notice)
Noteholders are advised that Vukile's summarised audited results for the year ended 31 March 2018, have been released on SENS and are available on Vukile's website: www.vukile.co.za.

30-May-2018
(C)
29-May-2018
(Official Notice)
Shareholders were advised that Mr Anton Botha has communicated his intention to retire from the board of directors of the company (the "board") at the upcoming annual general meeting ("AGM") which is anticipated to be held on or about 14 August 2018. Anton has been chairman of the board since the company's listing on the JSE in 2004.



Mr Botha will be succeeded by Mr Nigel Payne who is currently the chairman of the Audit and Risk Committee. Mr Payne joined the Vukile board in 2012 and has an in-depth understanding of the business. The board looks forward to his continued valuable contribution to the company in his new role as chairman of the board, where the company will benefit from his vast experience and expertise across industries.



In line with recommendations contained in the King IV Report on Corporate Governance, Dr Renosi Mokate will assume the role of lead independent non-executive director with effect from 1 June 2018. Dr Mokate is a former deputy governor of the South African Reserve Bank, former executive director of the World Bank and is currently chairperson of the Government Employees Pension Fund. Dr Mokate joined the board of Vukile in 2013.



In light of Mr Payne's intended role as chairman of the board, Vukile has reconstituted the Audit and Risk Committee. Ms. Babalwa Ngonyama, who joined the board in February 2018 will assume the role of chairman of the Audit and Risk Committee at the AGM. Ms. Ngonyama brings significant experience to her new role and currently serves as the chairperson of the audit committees for both Aspen Pharmacare Holdings Limited and Clover Industries Limited, both listed on the JSE.



Mr Peter Moyanga, who has served on the Audit and Risk Committee since its inception in 2004, will retire from the Audit and Risk Committee at the AGM but will remain a member of the board.
10-May-2018
(Official Notice)
In line with Vukile's previously communicated strategy of increasing its exposure in Spain, Vukile's subsidiary Castellana Properties Socimi S.A. ("Castellana"), in which Vukile currently has a 98.7% shareholding, has entered into an agreement with Heref Habaneras Socimi S.A.U (the "seller") to acquire the immovable property known as the Habaneras Shopping Centre ("Habaneras") for an aggregate consideration of EUR80 626 864 (the "Habaneras acquisition").



Terms of the Habaneras acquisition

The effective date of the Habaneras acquisition is 9 May 2018.



The purchase consideration payable for Habaneras is EUR80 626 864, payable in cash on the effective date.



Whilst the seller has provided normal warranties, indemnities and undertakings for a transaction of this nature, the purchaser will need to rely on warranty and indemnity insurance underwritten by Ambridge Europe Ltd. to recover any financial claims arising from the transaction.



Completion of the Habaneras acquisition is not subject to any conditions precedent.



Categorisation of the Habaneras acquisition

The Habaneras acquisition is classified as a category 2 transaction in terms of the JSE Listings Requirements. Accordingly, the Habaneras acquisition is not subject to approval by shareholders.



12-Feb-2018
(Official Notice)
Shareholders are advised that Ms Babalwa Ngonyama has been appointed as an independent non-executive director to the board of directors of Vukile with effect from 12 February 2018.
18-Dec-2017
(Official Notice)
Shareholders are referred to the declaration of an interim cash dividend of 72.65350 cents per share (the ?cash dividend?) with an election to reinvest the dividend in return for Vukile shares (the ?share alternative?) announced on SENS on Monday, 27 November 2017 for the six months ended 30 September 2017 and the announcement of the reinvestment price per new share (being R19.27147 per share) applicable to Vukile shareholders electing the share alternative released on SENS on Tuesday, 5 December 2017.



Shareholders holding 343 417 198 Vukile shares or 45.3% of Vukile shares (prior to the election) qualifying to receive the cash dividend elected to receive the share alternative, resulting in the issue of 12 126 352 new Vukile shares, retaining R233 692 628.78 (based on the issue price of R19.27147 per new share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Vukile. Accordingly, a total cash dividend of R315 103 316.70 is payable on 18 December 2017 in respect of 433 707 002 Vukile shares.



The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share alternative in respect of some or all of their shares will be credited with the cash dividend on Monday. 18 December 2017 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday, 20 December 2017 with their new Vukile shares.
11-Dec-2017
(Official Notice)
Shareholders of Atlantic Leaf Properties Ltd. (?Atlantic Leaf?) are referred to Vukile?s announcement on 3 November 2017 wherein Atlantic Leaf shareholders were advised that an offer document had been issued to Atlantic Leaf shareholders regarding an unconditional mandatory offer by Vukile to acquire all of the ordinary shares in Atlantic Leaf not already owned by Vukile for a cash purchase consideration of R17.60 per Atlantic Leaf share (the ?offer?).



Vukile and Atlantic Leaf shareholders are informed that the offer closed at 12:00 (SA time) on 8 December 2017 and the offer was accepted in respect of 7 489 Atlantic Leaf shares, comprising 0.004% of Atlantic Leaf shares. Accordingly, Vukile now holds 65 958 606 Atlantic Leaf shares constituting 34.9% of the issued share capital of Atlantic Leaf. Prior to making the offer Vukile held 65 951 117 Atlantic Leaf shares.

06-Dec-2017
(Official Notice)
Shareholders are referred to the announcement released on SENS on 6 December 2017 by Vukile regarding the acquisition by its subsidiary, Castellana Properties Socimi S.A., of the Alameda Shopping Centre and Retail Park and the San Pedro Del Pinatar Retail Park (?Pinatar Park?).



Shareholders? attention is drawn to a typographical error in paragraph 3.2.3 of the announcement, incorrectly reflecting the purchase consideration for the Phase I of Pinatar Park as EUR10 715 000 000. The purchase consideration for Phase I of Pinatar Park is EUR10 715 000. The amount was correctly reflected in the table set out in paragraph 4 detailing the property specific information.
06-Dec-2017
(Official Notice)
05-Dec-2017
(Official Notice)
27-Nov-2017
(Official Notice)
Vukile?s unaudited condensed consolidated interim results for the six months ended 30 September 2017, have been released on SENS and are available on Vukile?s website: www.vukile.co.za.
27-Nov-2017
(C)
Gross property revenue lowered to R947.8 million (R1.0 billion). Operating profit before finance costs R709.0 million (R657.2 million). Profit attributable to owners grew to R975.8 million (R863.0 million). In addition, headline earnings per share decreased to 57.61 cents per share (83.35 cents per share).



Dividend

Notice is hereby given of a dividend amounting to 72.65350 cents per share, out of distributable income, for the six-month period to 30 September 2017.



Company prospects

Following the successful restructuring of Vukile into a focused Retail REIT in the South African market and the creation of its Spanish subsidiary, Castellana, Vukile is very well positioned to both weather the current economic challenges in South Africa while being able to access strong growth opportunities in Spain and the UK.



Full-year earnings are expected to be in line with the growth achieved in the first half and dividends are expected to grow by between 7% and 8% for the full year. While still dependent on the local economy not worsening significantly from current levels, early indications are that the growth of dividends for the next financial year should be at least 8%.



The forecast growth in dividends is based on the assumption that the macro-economic environment does not deteriorate further and no major corporate failures will occur.
03-Nov-2017
(Official Notice)
Shareholders of Atlantic Leaf Properties Ltd. (?Atlantic Leaf?) are referred to the public announcement made by Vukile on 20 September 2017 wherein Atlantic Leaf shareholders were advised that Vukile?s shareholding in Atlantic Leaf increased to 65 951 117 Atlantic Leaf shares constituting 34.9% of the enlarged issued share capital of Atlantic Leaf, resulting in Vukile?s shareholding in Atlantic Leaf exceeding 30% of all voting shares in Atlantic Leaf. This imposes an obligation on Vukile under Rule 33 of the Securities (Takeover) Rules of Mauritius 2010 (the ?Securities Takeover Rules?) to make a mandatory offer (?the offer?) for all the voting shares in Atlantic Leaf not already owned by Vukile (the ?offer shares?). The offer is for a cash consideration of R17.60 per Atlantic Leaf share, calculated in accordance with Rule 14(2) of the Securities Takeover Rules.



An offer document (the ?offer document?) has been issued to Atlantic Leaf shareholders. Copies of the offer document may be obtained from the offices of Vukile (One-on-Ninth, corner Glenhove and Ninth Street, Melrose Estate, 2196 South Africa), Atlantic Leaf?s South African transfer secretaries (Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, South Africa) and C-A Law (Suite 1005, Level 1, Alexander House, 55 Cybercity, Ebene, 72201, Mauritius) during normal business hours from 3 November 2017 to 8 December 2017. The offer document is also available on Vukile?s website (www.vukile.co.za.).



Salient dates

* Firm intention announcement published on SENS : Wednesday, 20 September

* Record date in order to receive the offer document : Friday, 27 October

* Vukile offer document issued to Atlantic Leaf shareholders and announced on SENS and the SEM : Friday, 3 November

* Offer opens (09:00) : Friday, 3 November

* Anticipated date Atlantic Leaf offeree response document issue to Atlantic Leaf shareholders announced on SENS and the SEM : Wednesday, 21 November

* Last day to trade in Atlantic Leaf shares in order to participate in the offer : Tuesday, 5 December

* Atlantic Leaf shares trade ?ex? the mandatory offer : Wednesday, 6 December

* Record date to determine which Atlantic Leaf shareholders may accept the mandatory offer : Friday, 8 December

* Offer closes at 12:00 on (the ?closing date?) : Friday, 8 December

* Results of mandatory offer to be announced on SENS and the SEM : Monday, 11 December
20-Sep-2017
(Official Notice)
13-Sep-2017
(Official Notice)
Vukile noteholders are referred to the announcement released on SENS on 12 September 2017, in respect of the conference call to be held on Thursday, 14 September 2017 and are advised that a copy of the presentation to noteholders is available on the company?s website: www.vukile.co.za.



12-Sep-2017
(Official Notice)
Following the recent announcement and submission through noteholders' respective CSDP?s requesting consent through the Consent Notice for the:

*VKE06, VKE07, VKE09 and VKE10 Senior Secured Noteholders to provide consent by proxy for an amendment to the threshold of the Loan to Valuation Ratio (Group 1) of the Group 1 Property Portfolio from 40% to 45%; and

*the VKE05 and VKE08 Senior Unsecured Noteholders to provide consent by proxy for an amendment to the threshold of the Loan to Valuation Ratio of the Vukile Group Property Portfolio from 45% to 50% and to include the market value of equity accounted investments to this calculation.



The CEO of Vukile, Laurence Rapp, and the management team invite noteholders to participate in a conference call where they will take Noteholders through the business strategy and the intention behind the request submitted.

The call is scheduled as follows:

*Date: 14 September 2017

*Time: 11h15 to 12h00

*Dial in: +2711 535 3640

*Guest pin: 3180109#



12-Sep-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 12 September 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 15 August 2017), all resolutions tabled thereat were passed by the requisite majority of Vukile shareholders.



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

*total number of Vukile shares in issue as at the date of the annual general meeting: 758 041 475.

*total number of Vukile shares that were present/represented at the annual general meeting: 642 893 346, being 84.81% of the total number of Vukile shares that could have been voted at the annual general meeting.



15-Aug-2017
(Official Notice)
Shareholders are advised that Vukile?s notice of annual general meeting and summarised audited results for the year ended 31 March 2017 were dispatched to shareholders today (?the notice?). The company?s integrated annual report, incorporating the audited annual financial statements for the year ended 31 March 2017, is available on the company?s website- www.vukile.co.za and contains no changes from the summarised audited results which were released on SENS on 24 May 2017. The annual general meeting will be held at 08h00 on Tuesday, 12 September 2017, in the main boardroom, One-on-Ninth, Corner Glenhove Road and Ninth Street, Melrose Estate, 2196, Gauteng.



Shareholders are advised that the last day to trade in order to be eligible to participate in and vote at the annual general meeting and the record date for voting purposes in the notice should have read as follows:

*last day to trade in order to be eligible to participate in and vote at the annual general meeting - Tuesday, 29 August 2017; and

*record date for voting purposes - Friday, 1 September 2017.

15-Aug-2017
(Official Notice)
Noteholders are advised that Vukile?s integrated annual report, incorporating the audited financial statements for the year ended 31 March 2017, is available on Vukile?s website at www.vukile.co.za.

07-Aug-2017
(Official Notice)
Shareholders were 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.vukile.co.za.
27-Jul-2017
(Official Notice)
Shareholders are referred to the announcements issued by the company on 18 July 2017 relating to a Vukile equity capital raise effected in terms of an accelerated bookbuild process of which, in terms of the contractual arrangements governing the Encha equity platform as detailed in the 5 June 2013 circular (the ?Encha equity platform?), R250 million in value of Vukile shares was to be placed with Encha Properties Equity Investments (RF) (Pty) Ltd (?Encha SPV?).



Prior to the launch of the bookbuild confirmation was received from Encha SPV of its ability to subscribe for R250 million of Vukile shares at the pricing determined in terms of the agreement regulating the Encha equity platform. In light of strong demand, the amount of capital raised was increased from R500 million to R900 million of which R578.75 million was raised pursuant to the accelerated bookbuild process at R18.80 per share, R71.25 million was raised by way of placement with management at R18.80 per share and R250 million was allocated for placement with the Encha SPV at R18.53 per share in terms of the Encha equity funding platform arrangements.



The company was notified yesterday afternoon that Encha SPV, due to circumstances beyond its control and not envisaged at the time of the bookbuild, was not in a position to proceed with the subscription for the shares allocated to Encha SPV under the Encha equity platform. In consequence the company has withdrawn the listing application in respect of the 13 491 635 shares (which were to be issued at R18.53 per share) allocated to Encha SPV. The share capital of the company will accordingly be increased by 34 574 468 shares (issued at R18.80 per share) and not the 48 066 103 shares referred to in the Results of Accelerated Bookbuild announcement issued on Tuesday, 18 July 2017.
21-Jul-2017
(Official Notice)
Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008 (the Companies Act?), and pursuant to special resolutions passed at the annual general meeting of Vukile held on 29 August 2016 authorising the board of directors of the company (?the board?) to provide direct or indirect financial assistance to employees, executive directors and prescribed officers for participation in the Vukile Share Purchase Plan, the board has adopted a resolution on 17 July 2017 in terms of section 45(3) of the Companies Act, which resolution authorises the company to provide financial assistance to management, which includes executive directors and prescribed officers in the amount of R71.25 million and for purposes of participating in the Vukile Share Purchase Plan.



The assistance as described above constitutes financial assistance in terms of section 45 (1) of the Companies Act, the total value of which exceeds one tenth of one per cent of the company?s net worth at the time of the adoption of the resolution.



The board resolutions in this regard were adopted in compliance with the provisions of section 45 of the Companies Act.
18-Jul-2017
(Official Notice)
Shareholders are advised that Vukile has closed its bookbuild. In light of strong demand, the amount of capital raised was increased from R500 million to R900 million through the placing of an aggregate of 48 066 103 new shares. The book was significantly oversubscribed, even at the R900 million level. Of the R900 million of capital raised, R578.75 million was raised pursuant to the accelerated bookbuild process at R18.80 per share, R71.25 million was raised by way of placement with management at R18.80 per share and R250 million was raised by way of placement with the Encha SPV at R18.53 per share in terms of the Encha equity funding platform arrangements as detailed in Vukile's circular issued on 5 June 2013.



Subject to approval by the JSE, listing and trading of 48 066 103 new shares is expected to commence at 09:00 on Wednesday, 26 July 2017.
18-Jul-2017
(Official Notice)
Subject to pricing acceptable to Vukile, the company proposes an equity raise of approximately R500 million through the issue of new shares. The new shares will be issued under a vendor consideration placing (as defined under paragraph 5.62 of the JSE Listings Requirements) and Vukile?s general authority to issue shares for cash as well as the authorities to issue shares under the Encha equity funding platform and matching facility as detailed in Vukile?s circular issued to shareholders on 5 June 2013 (the ?Encha equity platform and matching placement facility circular?). Of the equity raised, up to R250 million may be placed with the Encha SPV (as contemplated in the Encha equity platform and matching placement facility circular) and R72 million may be placed with management at the bookbuild price in terms of a board and shareholder approved incentive scheme. The remaining equity will be offered to selected investors through an accelerated bookbuild process (?the bookbuild?).



Both public and non-public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) may participate in the vendor consideration placing and only public investors may participate in the equity raise under the company?s general authority to issue shares for cash.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the bookbuild. The bookbuild is now open and the company reserves the right to close it at anytime. Vukile reserves the right to increase the size of the equity raise subject to demand.
03-Jul-2017
(Official Notice)
27-Jun-2017
(Official Notice)
Shareholders are advised that Vukile is currently in negotiations, which if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.
26-Jun-2017
(Official Notice)
Shareholders are referred to the declaration of a final cash dividend of 89.10250 cents per share (the ?cash dividend?) with an election to reinvest the dividend in return for Vukile shares (the ?share alternative?) announced on SENS on 24 May 2017 for the six months ended 31 March 2017 and the announcement of the reinvestment price per new share (being R18.15527 per share) applicable to Vukile shareholders electing the share alternative released on SENS on Monday, 12 June 2017.



Shareholders holding 446 410 536 Vukile shares or 63.60% of Vukile shares (prior to the election) qualifying to receive the cash dividend elected to receive the share alternative, resulting in the issue of 21 581 475 new Vukile shares, retaining R391 817 505.66 (based on the issue price of R18.15527 per new share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders and potential fractions) in new equity for Vukile. Accordingly, a total cash dividend of R233 580 050.49 is payable on 26 June 2017 in respect of 262 147 583 Vukile shares.



Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have provided their bank details to Vukile?s transfer secretaries will have their bank accounts credited on 26 June 2017. Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of their shares will be posted on Wednesday, 28 June 2017 to certificated shareholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share alternative in respect of some or all of their shares will be credited with the cash dividend on 26 June 2017 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday, 28 June 2017 with their new Vukile shares.
12-Jun-2017
(Official Notice)
Further to the declaration of a cash dividend of 89.10250 cents per share (the ?cash dividend?) with an election to reinvest the cash dividend in return for Vukile shares (the ?share reinvestment alternative?), announced on SENS on 24 May 2017 (the ?declaration announcement?), the price per share, as determined on 12 June 2017, applicable to Vukile shareholders electing the share reinvestment alternative and recorded in the register on Friday, 23 June 2017 (i.e. the ?record date?), is R18.15527 per share (the ?reinvestment price?). The reinvestment price is a 2% discount to the five-day volume weighted average traded price (less the accrued cash dividend as determined on 12 June 2016) and a 2.33% discount to the closing spot price (less the accrued cash dividend as determined on 12 June 2016) of Vukile shares on the JSE prior to the finalisation date.



The ratio in respect of the share reinvestment alternative is 4.90780 shares for every 100 shares held on the record date by South African resident shareholders exempt from dividend tax and 3.92624 shares for every 100 shares held on the record date by non-resident shareholders subject to dividend tax at 20%. Where a shareholder?s entitlement to the shares in relation to the share reinvestment alternative, calculated with reference to the above share ratio, gives rise to an entitlement to a fraction of a new share, such fraction will be rounded down to the nearest whole number with the cash balance of the dividend being retained by the shareholder.



Dividend tax implications for South African resident shareholders

Dividends received from a Real Estate Investment Trust (?REIT?) are exempt from dividend tax in the hands of South African resident shareholders provided that the shareholders have provided the requisite declaration as to residence as detailed in paragraph 5 of the circular to Vukile shareholders dated and posted on Friday, 26 May 2017 (the ?circular?). South African resident shareholders, who have submitted the requisite documentation and are exempt from dividend tax, will accordingly receive a net dividend of 89.10250 cents per share.
24-May-2017
(C)
31-Mar-2017
(Official Notice)
Shareholders are advised that Vukile will be undertaking a debt capital markets roadshow on Friday, 31 March 2017. A copy of the investor presentation, which will be presented to members of the investment community, is available on the company?s website: www.vukile.co.za.
19-Dec-2016
(Official Notice)
Shareholders are referred to the declaration of an interim cash dividend of 67.64754 cents per share (the ?cash dividend?) with an election to reinvest the dividend in return for Vukile shares (the ?share alternative?) announced on SENS on Thursday, 24 November 2016 for the six months ended 30 September 2016 and the announcement of the re-investment price per new share (being R17.19000 per share) applicable to Vukile shareholders electing the share alternative released on SENS on Monday, 5 December 2016.



Shareholders holding 290 097 182 Vukile shares or 42% of Vukile shares (prior to the election) qualifying to receive the cash dividend elected to receive the share alternative, resulting in the issue of 11 242 114 new Vukile shares, retaining R193 251 936.66 (based on the issue price of R17.19 per new share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Vukile. Accordingly, a total cash dividend of R270 959 675.22 is payable today in respect of 400 546 236 Vukile shares.



The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share alternative in respect of some or all of their shares will be credited with the cash dividend on Monday. 19 December 2016 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday, 21 December 2016 with their new Vukile shares.
05-Dec-2016
(Official Notice)
25-Nov-2016
(Media Comment)
According to Business Day, Vukile Property Fund is turning attention to an offshore expansion. Vukile CEO Laurence Rapp said Atlantic Leaf had provided Vukile with a richer understanding of European markets. Mr Rapp added that Vukile's strategy favours developed markets and exploring good buying opportunities internationally.
24-Nov-2016
(C)
Gross property revenue came to R1 billion (2015: R1.1 billion) and net profit from property operations decreased to R647.9 million (2015: R689 million). Profit for period attributable to owners increased to R863 million (2015: R747.6 million). Furthermore headline earnings per share increased to 83.35cps (2015: 67.11cps).



Dividend

Notice is hereby given of a gross dividend amounting to 67.64754 cents per share, out of distributable income, for the six-month period to 30 September 2016.



Prospects

Despite a continually challenging and volatile economic and political environment, the business remains on a very stable and solid operational footing. We still anticipate that Vukile will be able to deliver earnings growth in line with previous guidance of a 7% increase in dividend on the prior year. The forecast growth in dividend is based on the assumptions that the macro-economic environment does not deteriorate further and no major corporate failures will occur. Forecast rental income is based on contractual escalations and market-related renewals. This forecast has not been reviewed or reported on by the company's auditors. The major restructuring undertaken through the sale of the Sovereign portfolio and the imminent finalisation of the transaction whereby Vukile will emerge as a focused retail fund in South Africa has undoubtedly left the business in a significantly enhanced position by eliminating direct exposure to higher risk sectors of the market. The proceeds from the sale of the Sovereign portfolio for R1.18 billion, have been earmarked for offshore expansion. There are a number of discussions currently underway in this regard. Management is, however, focused on making sure that these funds are used to further the strategic, long-term goals of the group and will not consider a transaction based solely on short-term objectives.
08-Sep-2016
(Official Notice)
Shareholders are advised that Vukile has concluded a transaction pursuant to which it has disposed of the property letting enterprises in respect of the 5 properties known as Pretoria De Bruyn Park, Pretoria Navarre, Pretoria Arcadia Suncardia, Bloemfontein Fedsure House and Pretoria Koedoe Arcade (the "properties") to Mendo Properties (Pty) Ltd. ("Mendo") for an aggregate consideration of R1 181 300 000 (inclusive of VAT at zero percent) (the "disposal"). The sale consideration for the property letting enterprises has been paid to Vukile in cash. The disposal, together with the recently announced asset swap transaction with Synergy Income Fund Ltd. and Arrowhead Properties Ltd., will position Vukile as a retail focused fund in respect of its South African asset base. Pursuant to the disposal, the asset management agreement concluded in May 2013 between Vukile and Encha Property Management Company (Pty) Ltd. in respect of the properties has terminated in accordance with its terms.



The disposal includes warranties, undertakings and indemnities which are normal for a disposal of this nature.



No independent valuation has been carried out and the board of directors of Vukile is of the view that the value attributed to the relevant properties above represents the fair market value of the properties. The proceeds of the disposal will be used to repay debt, as well as fund potential acquisitions both locally and internationally. Management intends to deploy the proceeds in such a manner as to replace the earnings attributable to the sale assets and as such aim to avert any dilutionary aspects of the sale. Post the sale of the properties and the successful conclusion of the Arrowhead-Synergy transaction, Vukile will be positioned as a specialist retail fund in South Africa with a significantly reduced risk profile and strong balance sheet from which to pursue further growth initiatives.



The value of the net assets being disposed of attributed to the properties is R1 181 300 000.



Categorisation of the disposal



The disposal is classified as a Category 2 transaction in terms of the JSE Listings Requirements. It is not subject to approval by Vukile shareholders.

29-Aug-2016
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Monday, 29 August 2016 (in terms of the notice of annual general meeting dispatched to shareholders on 30 June 2016), all resolutions tabled thereat were passed by the requisite majority of Vukile shareholders.



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

*total number of Vukile shares in issue as at the date of the annual general meeting: 690,643,418.

*total number of Vukile shares that were present/represented at the annual general meeting: 482,115,285, being 69.81% of the total number of Vukile shares that could have been voted at the annual general meeting.





29-Aug-2016
(Official Notice)
30-Jun-2016
(Official Notice)
Noteholders are advised that Vukile?s integrated annual report, incorporating the audited financial statements for the year ended 31 March 2016, is available on Vukile?s website at www.vukile.co.za.

30-Jun-2016
(Official Notice)
Shareholders are advised that Vukile?s integrated annual report, incorporating the audited financial statements for the year ended 31 March 2016, was dispatched to shareholders today and contains no changes from the condensed audited results for the year ended 31 March 2016 which were released on SENS on Thursday, 26 May 2016. The integrated annual report is available on Vukile?s website, www.vukile.co.za.



The notice of annual general meeting to be held at 08h00 on Monday, 29 August 2016, in the main boardroom, One-on-Ninth, Corner Glenhove Road and Ninth Street, Melrose Estate, 2196, Gauteng, will be dispatched to shareholders and made available on Vukile?s website by no later than Thursday, 28 July 2016. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 16 August 2016 and the record date for voting purposes is Friday, 19 August 2016.

20-Jun-2016
(Official Notice)
Shareholders are referred to the declaration of a final cash dividend of 83.12600 cents per share (the ?cash dividend?) with an election to reinvest the dividend in return for Vukile shares (the ?share alternative?) announced on SENS on Thursday, 26 May 2016 for the six months ended 31 March 2016 and the announcement of the reinvestment price per new share (being R16.15901 per share) applicable to Vukile shareholders electing the share alternative released on SENS on Thursday, 2 June 2016.



Shareholders holding 379 255 190 Vukile shares or 56.49% of Vukile shares (prior to the election) qualifying to receive the cash dividend elected to receive the share alternative, resulting in the issue of 19 307 492 new Vukile shares, retaining R311 989 956.30 (based on the issue price of R16.15901 per new share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Vukile. Accordingly, a total cash dividend of R246 064 742 is payable today in respect of 296 014 174 Vukile shares.



Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have provided their bank details to Vukile?s transfer secretaries will have their bank accounts credited on 20 June 2016. Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of their shares will be posted on Wednesday, 22 June 2016 to certificated shareholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share alternative in respect of some or all of their shares will be credited with the cash dividend on 20 June 2016 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday, 22 June 2016 with their new Vukile shares.
02-Jun-2016
(Official Notice)
26-May-2016
(C)
Gross property revenue for the year increased to R2.3 billion (2015: R1.7 billion). Operating profit before finance costs grew to R1.6 billion (2015: R1.1 billion). Profit for the year was recorded at R1.6 billion (2015: R1.5 billion). Furthermore, headline earnings per share decreased 168 cents per share (2015: 186.61 cents per share).



Dividend

Notice is hereby given of a gross dividend amounting to 83.12600 cents per share, out of distributable income, for the six-month period to 31 March 2016.



Prospects

The group remains concerned about the macro operating environment in South Africa, the spectre of rising interest rates and the concomitant pressure on the consumer.



The current volatility will impact on the operations of the business as well as the cost of capital, both which are key value drivers.



The ongoing repositioning of the portfolio will continue during the year ahead as Vukile seeks to further enhance its portfolio quality through selective yield accretive acquisitions and the disposal of non-core assets. Proceeds from asset sales will be used to strengthen Vukile's balance sheet as well as provide capacity for offshore expansion.



Notwithstanding this, we anticipate that Vukile will deliver real growth in the year ahead, in line with that achieved in the current financial year.

13-Apr-2016
(Official Notice)
Shareholders are advised that Vukile has closed its bookbuild announced on 13 April 2016. In light of strong demand, the amount of capital raised was increased from R300 million to R400 million through the placing of an aggregate of 23 668 639 new shares at an issue price of R16.90 per share. Subject to approval by the JSE, listing and trading of the 23 668 639 new shares is expected to commence at 09:00 on Thursday, 21 April 2016.
13-Apr-2016
(Official Notice)
Subject to pricing acceptable to Vukile, Vukile proposes an equity raise of approximately R300 million through the issue of new shares (?the equity raise?). The new shares will be issued under Vukile?s general authority to issue shares for cash. The equity raise is to be offered to selected investors through an accelerated bookbuild process (?the bookbuild?).



Applications are subject to a minimum subscription application of R1 million per applicant. Only public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) may participate in the equity raise.



The bookbuild is now open and the company reserves the right to close it at anytime.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the bookbuild.



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



Java Capital is acting as sole bookrunner.
10-Mar-2016
(Official Notice)
Shareholders are advised that Synergy, Vukile and Arrowhead are in advanced discussions about, and have reached broad consensus on, the terms of a transaction in terms of which:

* Synergy's asset management will be internalised;

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

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

(the ?potential transaction?).



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

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

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

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



The final terms of the potential transaction still need to be negotiated and approved by the boards of the transacting parties and Synergy shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
23-Dec-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 21 December 2015 in relation to the results of the share re-investment alternative and are advised that the number of new share issued and the amount of funds retained were incorrectly stated as 1 535 861 and R26 889 516.50. Accordingly, shareholders are advised that the correct number of new shares issued and the amount of funds retained by Vukile are 1 533 279 and R26 844 473.48 respectively.



21-Dec-2015
(Official Notice)
Shareholders are referred to the declaration of a cash dividend of 63.22200 cents per share for the six months ended 30 September 2015 (the ?cash dividend?) with an election to re-invest the cash dividend in return for Vukile shares (the ?share re-investment alternative?) announced on SENS on Wednesday, 25 November 2015, and the re-investment price per new Vukile share (being R17.50778) applicable to Vukile shareholders electing the share re-investment alternative announced on SENS on Thursday, 3 December 2015.



Shareholders holding 42 532 179 Vukile shares or 6.85% of Vukile shares (prior to the election) qualifying to receive the cash dividend elected the share re-investment alternative, resulting in the issue of 1 535 861 new Vukile shares and a retention of R26 889 516.50 (based on the issue price of R17.50778 per new share after accounting for the applicable dividend withholding tax) in new equity for Vukile. Accordingly a total cash dividend of R381 609 326.04 is payable today in respect of 603 601 829 Vukile shares.



Certificated shareholders who did not elect the share re-investment alternative in respect of some or all of their shares and who have provided their bank details to Vukile?s transfer secretaries will have their bank accounts credited with the cash dividend on Monday, 21 December 2015. Share certificates in respect of certificated shareholders who did elect the share re-investment alternative in respect of some or all of their shares will be posted on Wednesday, 23 December 2015 to certificated shareholders at their own risk. The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share re-investment alternative in respect of some or all of their shares will be credited with the cash dividend on Monday, 21 December 2015 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share re-investment alternative will be credited on Wednesday, 23 December 2015 with their new Vukile shares.
03-Dec-2015
(Official Notice)
25-Nov-2015
(C)
Gross property revenue rose to R1.1 billion (2014: R723 million) and net profit from property operations grew to R689.0 million (2014: R448.0 million). Profit for period attributable to owners soared to R747.6 million (2014: R170.7 million). Furthermore headline earnings per share increased to 67.11cps (2014: 61.29cps).



Dividend

Notice is hereby given of a dividend amounting to 63.22200 cents per share, payable out of distributable income, for the six-month period to 30 September 2015.



Prospects

The group is currently busy with a number of strategic initiatives which we hope will be finalised prior to the financial year-end in March 2016. These include a definitive entry strategy into the residential market, growing exposure to the international property market and the evaluation of alternative strategies for the Synergy A and B unit structure. In the face of rising interest rates, we will maintain our conservative gearing and hedging policy and where possible look to lower gearing through the sale of non-core assets in the office, industrial and sovereign sectors of our portfolio.



Despite the poor state of the economy and resultant challenging operating environment, we would expect to deliver full year growth in distributions largely in line with first half growth of 7%, held back in large part due to the creation of a significant provision of R12 million to cater for incorrect electricity billing by council.



The forecast growth in distributions is based on the assumption that the macro-economic environment does not deteriorate further, no major corporate failures will occur and that tenants will be able to absorb rising electricity and municipal costs. Forecast rental income has been based on contracted escalations and market-related renewals.



24-Nov-2015
(Official Notice)
Shareholders are advised that Ms. Sonja de Bruyn Sebotsa, an independent non-executive director, has resigned from the board of directors of Vukile, with effect from 23 November 2015.



Ms de Bruyn Sebotsa has been a valued board member and the board is highly appreciative of the contribution that she has made as a director and as a member of the Social, Ethics and Human Resources Committee over the past two and half years. The board wishes her well in her future endeavours.
11-Sep-2015
(Media Comment)
According to Business Report Vukile Property Fund has rebalanced its property portfolio in favour of retail properties. This segment now accounts for 70 percent of the listed property fund's portfolio by value. It has achieved this by more than doubling the value of its directly held South African real estate assets over the past three years.
03-Sep-2015
(Official Notice)
Noteholders are advised that Vukile?s integrated annual report incorporating the audited financial statements for the year ended 31 March 2015 is available on Vukile?s website at www.vukile.co.za.
25-Aug-2015
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 25 August 2015 (in terms of the notice of annual general meeting dispatched to shareholders on 30 June 2015), all resolutions tabled thereat were passed by the requisite majority of Vukile shareholders.



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

*total number of Vukile shares in issue as at the date of the annual general meeting: 638 155 312

*total number of Vukile shares that were present/represented at the annual general meeting: 492 913 715, being 77.24% of the total number of Vukile shares that could have been voted at the annual general meeting
13-Aug-2015
(Official Notice)
30-Jun-2015
(Official Notice)
Shareholders are advised that Vukile?s integrated annual report incorporating the audited financial statements for the year ended 31 March 2015 was dispatched to shareholders today and contains no changes from the condensed consolidated results for the year ended 31 March 2015 which were released on SENS on Tuesday, 26 May 2015.



As set out in the notice of annual general meeting dispatched together with the integrated annual report, the annual general meeting of the company will be held at 08:00 on Tuesday, 25 August 2015 in the main boardroom, One-on-Ninth, Corner Glenhove Road and Ninth Street, Melrose Estate, 2196, Gauteng. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Thursday, 6 August 2015. The record date for voting purposes is Friday, 14 August 2015.
28-May-2015
(Media Comment)
Business Report announced that Synergy will remain a JSE listed property fund. Chief executive of Vukile, Laurence Rapp, said that the plan at this stage was to leave Synergy listed and turn it into a higher growth vehicle. Mr Rapp said: "We are currently evaluating various strategic opportunities (related to Synergy) and once we have settled on a way forward with the board of Synergy, we will then communicate that to the market". Rapp said that it was premature to comment on the growth strategy of Synergy as they still need to work through the positives and negatives and consider a few options.
26-May-2015
(C)
Gross property revenue for the year ended 31 March 2015 shot up to R1.7 billion (2014: R1.4 billion). Operating profit before finance costs rose to R1.1 billion (2014: R1 billion), while profit for the year increased to R1.5 billion (2014: R381.4 million). Headline earnings per share grew to 186.81cplu (2014: 163.68cplu).



Distribution

The board has approved and notice is hereby given of a final distribution of 77.68800 cents per share for the period months ended 31 March 2015



Prospects

With the economy unable to generate any meaningful growth, Vukile anticipates that tough trading conditions will continue into the year ahead. The company do, however, expect to deliver growth in distributions of between 7% and 8% for the year ending 31 March 2016 driven off a strong focus on improving operational efficiencies and the benefits of our accretive acquisitions coming through for the full year. Vukile will remain conservatively geared and hedged in the face of an anticipated rise in interest rates.



Much emphasis will be placed on bedding down and integrating the recently acquired retail assets and Synergy into our systems and portfolio. Vukile will continue to look for accretive acquisitions that are in line with our retail strategy as well as begin looking at opportunities in new markets both locally and abroad. The overall focus of Vukile remains to build a high-quality, low-risk portfolio with a high-quality earnings stream that is capable of generating stable long-term returns.
05-May-2015
(Official Notice)
Further to the joint announcement issued on 10 March 2015, security holders of both Vukile and Synergy are informed that all conditions to the agreement between Vukile and the shareholders of Capital Land Asset Management (Pty) Ltd., being the asset and property manager of Synergy (the ?Synergy Manco?) have been fulfilled. Vukile has accordingly completed its acquisition, with effect from 1 May 2015, of 100% of the equity in the Synergy Manco (the ?Manco acquisition?). The existing management arrangements between Synergy and the Synergy Manco will not be affected by the Manco acquisition and the Synergy Manco will continue to render its asset and property management services to Synergy in terms of the existing management agreement.



Pursuant to the Manco acquisition becoming unconditional:

* William Brooks, Synergy?s CEO, has resigned as a director of Synergy with effect from 1 May 2015;

* Sedise Moseneke, an executive director of Vukile, has been appointed as interim CEO of Synergy; and

* Anton Raubenheimer, Synergy?s FD, will resign as a director of Synergy on finalisation of Synergy?s financial statements for the period ending 31 March 2015.



A further announcement will be made on finalisation of the permanent CEO and replacement FD appointments.
22-Apr-2015
(Official Notice)
Shareholders are advised that Vukile has closed its book build announced earlier today, Wednesday, 22 April 2015.



In light of strong demand, the amount of capital raised was increased from R750 million to R1.1 billion through the placing of an aggregate of 58 323 798 new shares. The book was significantly oversubscribed, even at the R1.1 billion level. Of the R1.1 billion of capital raised, R850 million was raised pursuant to the accelerated bookbuild process at R19.00 per share and R250 million was raised by way of placement with the Encha SPV at R18.40 per share in terms of the Encha equity funding platform arrangements as detailed in Vukile?s circular issued on 5 June 2013.



Subject to approval by the JSE, listing and trading of 58 323 798 new shares is expected to commence at 09:00 on Monday, 4 May 2015.
22-Apr-2015
(Official Notice)
Subject to pricing acceptable to Vukile, Vukile proposes an equity raise of approximately R750 million through the issue of new shares. The new shares will be issued under all or a combination of Vukile?s general authority to issue shares for cash and/or by way of vendor consideration placing as well as the authorities to issue shares under the Encha equity funding platform and matching facility as detailed in Vukile?s circular issued to shareholders on 5 June 2013 (the ?Encha equity platform and matching placement facility circular?). Of the equity raised, up to R250 million may be placed with the Encha SPV (as contemplated in the Encha equity platform and matching placement facility circular) with the remaining equity to be offered to selected investors through an accelerated bookbuild process (?the bookbuild?).



Subject to a minimum subscription application of R1 million per applicant, both public and non-public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) may participate in the equity raise, provided that the participation of non-public shareholders in the equity raised will be limited to circa R406 million which is to be raised by way of vendor consideration placing. Only public investors may participate in the portion of the equity raise to be effected by way of an issue of new shares for cash. The bookbuild is now open and the company reserves the right to close it at anytime.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the bookbuild.



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



Java Capital is acting as sole bookrunner.



Java Capital contact details: Carl Esterhuysen Vukile@javacapital.co.za Tel: (011) 722 3054
19-Mar-2015
(Media Comment)
Business Day reports that Vukile received an improved credit rating from companies rating agency Global Credit Ratings (GCR) after its takeover of Synergy Income Fund. Vukile's rating improved from "stable" to "positive outlook" in the long and short term respectively. Head of corporate ratings at GCR, Eyal Shevel, said Vukile's positive outlook could be attributed to "Vukile's success in recent years in significantly expanding its portfolio and realigning it". Vukile's CEO Laurence Rapp has added more than R4 billion worth of properties to Vukile's portfolio since his appointment four years ago.
13-Mar-2015
(Official Notice)
10-Mar-2015
(Official Notice)
09-Feb-2015
(Official Notice)
Vukile linked unitholders and linked unitholders of Synergy Income Fund Ltd. (?Synergy?) are referred to the announcement released on SENS on 5 December 2014 wherein Synergy linked unitholders were advised that an offer circular was posted to Synergy linked unitholders in respect of:

* a mandatory offer (the ?mandatory offer?) by Vukile to acquire all of the Synergy B linked units not already owned by Vukile for an offer consideration of 1 Vukile linked unit for every 2.67 Synergy B linked units disposed of in terms of the mandatory offer; and

* a comparable offer (the ?comparable offer?) by Vukile to acquire all of the Synergy A linked units for an offer consideration of 1 Vukile linked unit for every 1.65 Synergy A linked units disposed of in terms of the comparable offer, (collectively the ?offers?), which offers closed at 12:00 on 6 February 2015.



Vukile and Synergy linked unitholders are informed that:

* the mandatory offer was accepted in respect of 31 759 077 Synergy B linked units, comprising 29.86% of Synergy B linked units; and

* the comparable offer was accepted in respect of 5 625 611 Synergy A linked units, comprising 11.88% of Synergy A linked units in issue.



Accordingly, Vukile now holds 87.62% of Synergy B linked units in issue and 11.88% of Synergy A linked units, comprising 64.29% of the entire issued capital of Synergy. As a result, Synergy is now a listed subsidiary of Vukile.
23-Jan-2015
(Official Notice)
21-Jan-2015
(Official Notice)
19-Dec-2014
(Official Notice)
12-Dec-2014
(Official Notice)
Linked unitholders of Synergy Income Fund Limited (?Synergy?) are referred to the announcement released on SENS on 5 December 2014 wherein Synergy linked unitholders were advised that an offer circular was posted to Synergy linked unitholders in respect of:

*a mandatory offer (the ?mandatory offer?) by Vukile to acquire all of the Synergy B linked units not already owned by Vukile for an offer consideration of 1 Vukile linked unit for every 2.67 Synergy B linked units disposed of in terms of the mandatory offer; and

* a comparable offer (the ?comparable offer?) by Vukile to acquire all of the Synergy A linked units for an offer consideration of 1 Vukile linked unit for every 1.65 Synergy A linked units disposed of in terms of the comparable offer,

(collectively the ?offers?).



Synergy linked unitholders are advised that Vukile has received unconditional approval in writing from the Competition Authorities, in terms of the Competition Act, 89 of 1998, in relation to the acquisition by Vukile of control of Synergy and/or Synergy?s underlying property portfolio. The offers are now open for acceptances on an unconditional basis. The mandatory offer consideration and the comparable offer consideration will be settled within 6 business days of acceptance of the mandatory offer and/or comparable offer, as the case may be.



As at the date of this announcement, no acceptances of the offers have been received. Vukile holds 61 428 425 Synergy B linked units (representing 39.965% of the Synergy linked units in issue). A finalisation announcement (including the timetable in respect of the offers and the closing date of the offers) will be released on SENS in due course. The closing date of the offers, as set out in the finalisation announcement, will be at least 10 business days after the finalisation announcement is released on SENS and will not be earlier than 23 January 2015.
05-Dec-2014
(Official Notice)
26-Nov-2014
(C)
Gross property revenue increased to R723.1 million (2013: R675.5 million). Net profit from property operations rose to R448 million (2013: R425 million), but profit for the period dropped to R170.7 million (2013: R600.2 million), while headline earnings per linked units fell to 61.29cplu (2013: 361 911cplu).



Distribution announcement

Linked unitholders are advised that the board of directors of Vukile has declared a normalised interim cash distribution of 59.086cplu out of distributable income for the six-month period ended 30 September 2014.



Prospects

Vukile remains on track to deliver full year growth in distributions of between 7.5% and 8%. The forecast growth in distributions is based on the assumption that the macro-economic environment does not deteriorate further, no major corporate failures will occur and that tenants will be able to absorb rising electricity and municipal costs. Forecast rental income has been based on contracted escalations and market related renewals. Strategically, Vukile will continue to look selectively at acquisitions in the retail and industrial sectors that add value to the portfolio over the short and long term whilst also under-weighting the office sector. With a deteriorating macroeconomic outlook, Vukile has decided to position the fund defensively and gearing should remain low with at least 75% of interest-bearing debt being hedged.
05-Nov-2014
(Official Notice)
03-Nov-2014
(Official Notice)
Linked unitholders are advised that, pursuant to section 60 of the Companies Act, 71 of 2008 (the "Act"), an ordinary resolution authorising the placement of a maximum of 60 000 000 Vukile ordinary shares (linked to Vukile debentures as linked units) under the control of Vukile's board of directors for the specific purpose of enabling Vukile to acquire additional A-linked units and/or B-linked units in Synergy Income Fund Ltd. ("Synergy") (the "ordinary resolution") has been approved by shareholders and adopted by the company.



Vukile will deliver a statement in accordance with section 60(4) of the Act to linked unitholders in due course.
09-Sep-2014
(Official Notice)
In light of strong demand at R16.50 per linked unit, Vukile has increased the amount of capital to be raised pursuant to its accelerated book build by R100 million. The book is now closed. Accordingly, Vukile has raised a total of R600 million, R350 million by the issue of new Vukile linked units pursuant to the accelerated book build process at R16.50 per linked unit and R250 million by placement to the Encha SPV at R16.40 per linked unit established in terms of the Encha equity funding platform as detailed in Vukile?s circular to linked unitholders issued on 5 June 2013. A total of 36 456 024 new Vukile linked units are expected to be issued and listed on Thursday, 18 September 2014.

09-Sep-2014
(Official Notice)
Subject to pricing acceptable to Vukile, Vukile proposes an equity raise of approximately R500 million through the issue of new linked units. The new linked units will be issued under all or a combination of Vukile?s general authority to issue linked units for cash as well as the authorities to issue units for cash under the Encha equity funding platform and matching facility as detailed in Vukile?s circular to linked unitholders issued on 5 June 2013 (the "Encha equity platform and matching placement facility circular").



Of the equity raise, up to R250 million will be placed with the Encha SPV (as contemplated in the Encha equity platform and matching placement facility circular) with the remaining equity to be offered to selected investors (which qualify as public linked unitholders as defined under paragraphs 4.25 : 4.26 of the JSE Listings Requirements) through an accelerated book build process and is subject to a minimum application of R1 million per investor.



The accelerated book build is now open and the company reserves the right to close it at any time thereafter.



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



Java Capital is acting as sole bookrunner.



26-Aug-2014
(Official Notice)
Unitholders are advised that, at the annual general meeting of the company convened on Tuesday, 26 August 2014 (in terms of the notice of annual general meeting contained in the company's integrated report issued on 27 June 2014) all of the ordinary and special resolutions were passed by the requisite majority of Vukile shareholders.
27-Jun-2014
(Official Notice)
Unitholders are advised that Vukile?s integrated annual report incorporating the audited financial statements for the year ended 31 March 2014 was dispatched to unitholders today and contains no changes from the audited condensed consolidated results for the year ended 31 March 2014 which were released on SENS on Monday, 26 May 2014.



As set out in the notice of annual general meeting dispatched together with the integrated annual report, the annual general meeting of the company will be held at 8:00 on Tuesday, 26 August 2014 in the main boardroom, One-on- Ninth, corner Glenhove Road and Ninth Street, Melrose Estate, 2196, Gauteng. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 8 August 2014 and the record date for voting purposes is Friday, 15 August 2014.

23-Jun-2014
(Official Notice)
Linked unitholders are referred to the announcements released on SENS on 26 May 2014, 5 June 2014 and 12 June 2014 relating to the declaration and finalisation of a cash distribution of 71.67500 cents per linked unit (the "cash distribution") with an election to reinvest the distribution in return for Vukile linked units at a linked unit reinvestment price of R16.24508 per linked unit (the "linked unit reinvestment alternative").



Linked unitholders holding 179 548 853 Vukile linked units (or 35.24% of issued Vukile linked units) qualifying to receive the cash distribution elected to receive the linked unit reinvestment alternative, resulting in the issue of 7 808 314 (rounded for any fractions) new Vukile linked units, retaining R126 846 739.28 in new equity for Vukile. Accordingly, a cash distribution of in aggregate R238 389 713.49 is payable today in respect of 330 024 154 Vukile linked units.



Distribution cheques in respect of certificated linked unitholders who did not elect the linked unit reinvestment alternative in respect of all or some of their linked units were posted today at their risk. Linked unit certificates in respect of certificated linked unitholders who did elect the linked unit reinvestment alternative in respect of all or some of their linked units will be posted on Wednesday, 25 June 2014 to certificated linked unitholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did not elect the linked unit reinvestment alternative in respect of all or some of their linked units will be credited with the cash distribution today and the Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did elect the linked unit reinvestment alternative in respect of all or some of their linked units will be credited on Wednesday, 25 June 2014 with their new Vukile linked units.
12-Jun-2014
(Official Notice)
Further to the declaration of a cash distribution of 71.67500 cents per linked unit with an election to reinvest the distribution in return for Vukile linked units (the "linked unit reinvestment alternative") announced on SENS on 26 May 2014 and the finalisation announcement released on SENS on 5 June 2014, linked unitholders are alerted to the fact that the maximum possible number of new linked units to be issued pursuant to the linked unit reinvestment alternative will be listed on LDT + 3 and that these new linked units can only be traded from LDT + 3 being Wednesday, 18 June 2014 due to the fact that settlement of the linked units will be three days after the record date, being Friday, 20 June 2014.
05-Jun-2014
(Official Notice)
Further to the declaration of a cash distribution of 71.67500 cents per linked unit (the "distribution") with an election to reinvest the distribution in return for Vukile linked units (the "linked unit reinvestment alternative") announced on SENS on 26 May 2014 (the "declaration announcement"), the price per linked unit, as determined on 4 June 2014, applicable to Vukile linked unitholders electing the linked unit reinvestment alternative and recorded in the register on Friday, 20 June 2014 (i.e. the "record date"), is R16.24508 per linked unit (the "reinvestment price").



The reinvestment price is at a 4.23% discount to the five day volume weighted average cum price of R16.96183 and a discount of 4.72% to the closing price of R17.05 on 4 June 2014. Linked unitholders are advised that, as per the published timetable, linked units will trade ex-distribution on Friday, 13 June 2014. Included in the reinvestment price is an amount of 27.81 cents per linked unit attributable to for the period 1 April 2014 to 25 June 2014 (being the payment date) in respect of the 2015 first distribution period from 1 April 2014 to 30 September 2014.



The linked unit ratio in respect of the linked unit alternative is 4.41211 new linked units: 100 linked units held on the record date. Fractions will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction is less than 0.5.



Trading of Vukile linked units

As published in the declaration announcement, linked unitholders electing the linked unit reinvestment alternative are once again alerted to the fact that the new linked units will be listed on LDT + 3 and that these new linked units can only be traded on LDT + 3 being Wednesday, 25 June 2014, due to the fact that settlement of the linked units will be three days after the record date, being Friday, 20 June 2014, which differs from the conventional one day after record date settlement process.



Linked unitholders are reminded that the last day to elect to receive the linked unit reinvestment alternative is 12:00 (South African time) on Friday, 20 June 2014. The salient dates, timetable and all other information relating to the distribution (including the tax implications) and linked unit reinvestment alternative disclosed in the declaration announcement remain unchanged.
26-May-2014
(C)
Gross property revenue for the year ended 31 March 2014 shot up to R1.4 billion (2013: R1.2 billion). Operating profit before finance costs rose to R1 billion (2013: R761.3 million), but profit for the year fell to R381.4 million (2013: R573.6 million), while headline earnings per linked unit grew to 163.69cplu (2013: 136.16cplu).



Distribution

The normalised distribution for the full year ended 31 March 2014 increased by 5% to 126.49cplu (2013: 120.44cplu), which represents 99.9% of the profit available for distribution.



Prospects

Vukile is in a strong and healthy position for the future. Vukile's gearing is conservative with high levels of interest rate hedging, which puts us in a defensive position ahead of an expected rising interest rate cycle. Their portfolio is solid with its improved quality and lower risk profile. The Vukile team benefits from excellent skill, knowledge and experience.



Vukile's battened down the hatches for what could be a more challenging time for the sector. But, the group remain vigilant for opportunities to grow the fund with value-adding transactions, whether they be in direct property investments or other listed funds strategically aligned to Vukile.



Notwithstanding the dual headwinds of a stubbornly sluggish economy and rising interest rates, distribution growth for the listed property sector is forecast at between 7% and 8% for the next year. Vukile is confident that they will deliver growth in distributions at least in line with the top end of this projected sector growth. This view is premised on interest rates rising by no more than 200 basis points over the course of our financial year and there being no material deterioration in the macro-economic environment relative to current levels. Forecast rental income is based on contractual lease terms and anticipated market related renewals.
21-Jan-2014
(Official Notice)
Linked unitholders are advised that Vukile has changed its investor relations service provider with immediate effect. Investor relations enquiries or queries should be addressed to:

Marketing Concepts

Jaclyn Lovell

Jaclyn@marketingconcepts.co.za

+27 11 783 0700
17-Dec-2013
(Official Notice)
Linked unitholders are referred to the announcements released on SENS on 15 November 2013 and 29 November 2013 relating to the declaration and finalisation of a cash distribution of 54.81000 cents per linked unit (the "cash distribution") with an election to reinvest the distribution in return for Vukile linked units at a linked unit reinvestment price of R16.32728 per linked unit (the "linked unit reinvestment alternative").



Linked unitholders holding 172 231 737 Vukile linked units (or 35.64393% of issued Vukile linked units) qualifying to receive the cash distribution elected to receive the linked unit reinvestment alternative, resulting in the issue of 5 781 748 (rounded for any fractions) new Vukile linked units, retaining R94 400 215.54 in new equity for Vukile. Accordingly, a cash distribution of in aggregate R170 442 090.81 is payable today in respect of 310 968 967 Vukile linked units.



Distribution cheques in respect of certificated linked unitholders who did not elect the linked unit reinvestment alternative in respect of all or some of their linked units were posted today at their risk. Linked unit certificates in respect of certificated linked unitholders who did elect the linked unit reinvestment alternative in respect of all or some of their linked units will be posted on Wednesday, 18 December 2013 to certificated linked unitholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did not elect the linked unit reinvestment alternative in respect of all or some of their linked units will be credited with the cash distribution today and the Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did elect the linked unit reinvestment alternative in respect of all or some of their linked units will be credited on Wednesday, 18 December 2013 with their new Vukile linked units.
11-Dec-2013
(Official Notice)
Vukile unitholders are advised that Dr Renosi Mokate has been appointed as an independent non-executive director of the company with effect from 11 December 2013.
05-Dec-2013
(Official Notice)
Vukile today announced it has concluded an agreement to acquire 52 300 000 Synergy B- linked units representing a 34% interest in Synergy Income Fund Ltd. ("Synergy") from Liberty Group Ltd. ("Liberty"), boosting Vukile's investment exposure to retail property and the Western Cape region. The purchase consideration will be discharged by an issue of approximately 20.6 million Vukile linked units to Liberty on 17 December 2013, which will be held in the Liberty Property Portfolio. JSE-listed REIT Vukile holds a diversified portfolio of 81 property assets valued at R10.3 billion and has a market capitalisation of R8.1 billion.
29-Nov-2013
(Official Notice)
Further to the finalisation announcement released on SENS on 29 November 2013 in respect of the declaration of a cash distribution of 54.81000 cents per linked unit (the "distribution") with an election to reinvest the distribution in return for Vukile linked units (the "linked unit reinvestment alternative") (the "finalisation announcement") in which it was announced that the linked unit reinvestment price is R16.32728 per linked unit. Linked unitholders are further advised that the linked unit ratio in respect of the linked unit alternative is 3.35696 new linked units : 100 linked units held on the record date. Accordingly the number of new linked units to be issued per 100 linked units held on the record date for the election to receive the linked unit reinvestment alternative (the "record date"), is 3.35696 new linked units. Fractions will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction is less than 0.5. The salient dates, timetable and all other information relating to the distribution (including the tax implications) and linked unit reinvestment alternative disclosed in the declaration announcement as well as the finalisation announcement remain unchanged.
29-Nov-2013
(Official Notice)
Further to the declaration of a cash distribution of 54.81000 cents per linked unit (the "distribution") with an election to reinvest the distribution in return for Vukile linked units (the "linked unit reinvestment alternative") announced on SENS on 15 November 2013 (the "declaration announcement"), the price per linked unit, as determined on 28 November 2013, applicable to Vukile linked unitholders electing the linked unit reinvestment alternative and recorded in the register on Friday, 13 December 2013 (i.e. the "record date"), is R16.32728 per linked unit (the "reinvestment price").



The reinvestment price is at a 3.25% discount to the 3-day volume weighted average cum price of R16.87538 and a discount of 3.96% to the closing price of R17.00000 on 28 November 2013. Linked unitholders are advised that, as per the published timetable, linked units will trade ex-distribution on Monday, 9 December 2013. Included in the reinvestment price is an antecedent divestiture of 30.70886 cents per linked unit for the period 1 October 2013 to 17 December 2013 (being the payment date) in respect of the 2014 second distribution period from 1 October 2013 to 31 March 2014.



Trading of Vukile linked units

As published in the declaration announcement, linked unitholders electing the linked unit reinvestment alternative are once again alerted to the fact that the new linked units will be listed on LDT + 2 and that these new linked units can only be traded on LDT + 2 being Wednesday, 18 December 2013, due to the fact that settlement of the linked units will be two days after the record date, being Friday, 13 December 2013, which differs from the conventional one day after record date settlement process. Linked unitholders are reminded that the last day to elect to receive the linked unit reinvestment alternative is 12:00 (South African time) on Friday, 13 December 2013. The salient dates, timetable and all other information relating to the distribution (including the tax implications) and linked unit reinvestment alternative disclosed in the declaration announcement remain unchanged.
25-Nov-2013
(C)
Gross property revenue for the interim period increased to R675.5 million (2012: R566.5 million). Operating profit before finance costs jumped to R493 million (2012: R377.3 million). Profit for the period soared to R600.2 million (2012: R186 million). Furthermore, headline earnings per linked unit grew to 80.07 cents per linked unit (2012: 64.58 cents per linked unit).



Distribution Announcement

Linked unit holders are referred to the SENS announcements published on 8 November 2013 and 15 November 2013 respectively in which the company announced the declaration of a special distribution in respect of the East Rand Mall commission income of 13.83 cents per unit and the normal distribution for the interim period ended 30 September 2013 amounting to 54.81 cents per unit.



Prospects

Vukile have made significant progress in changing our portfolio to a better quality, lower risk portfolio. This has been achieved through value enhancing acquisitions and the disposal of riskier, yet higher yielding, assets. The improved quality of the portfolio is evidenced by the asset composition where some 65% of the portfolio is represented by our retail (52%), sovereign portfolio (10%) and hospital (3%) assets which collectively provide a real stability to the portfolio. The retail portfolio continues to perform well and we are seeing tenant demand across the portfolio. The sovereign portfolio has a lease expiry profile exceeding five years and contractual escalations of 8.9%.



The remainder of the portfolio comprises office (23%), motor related (2%) and industrial (10%) assets. Vukile expects the office sector to remain the most challenging but have been encouraged by the positive momentum in the industrial sector in the first half of the financial year. With trading conditions expected to remain difficult in the second half, Vukile is however still on track to meet their distribution guidelines for F2014 of growth in normalised distribution (off a base of 120.44 cpu) of between 4% and 6%. The group expects a healthy growth in distributions for F2015 given the positive effects of the repositioning of the portfolio and the full year impact of the acquisitions undertaken during the F2014 year.
15-Nov-2013
(Official Notice)
15-Nov-2013
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 8 November 2013 in respect of the declaration of a special distribution of non-recurring income of 13.83060 cents per linked unit, which distribution was subject to approval by the Exchange Control Department of the South African Reserve Bank. Linked unitholders are advised that the special distribution has been approved by the Exchange Control Department of the South African Reserve Bank. Accordingly, the special distribution will be paid in accordance with the timetable detailed in the announcement release on SENS on 8 November 2013.
08-Nov-2013
(Official Notice)
25-Oct-2013
(Official Notice)
Vukile unitholders are advised that Mr Hatla Ntene has been appointed as an independent non-executive director of the company with effect from 25 October 2013.
10-Oct-2013
(Official Notice)
04-Oct-2013
(Official Notice)
A copy of the company's investor presentation made to members of the investment community is available on the company's website : www.vukile.co.za.

03-Oct-2013
(Official Notice)
Unitholders are referred to the previous announcements released on SENS and the circular issued by Vukile on 5 June 2013, regarding Vukile's empowerment transformation transaction with the Encha Property Group of Companies.



Unitholders are advised that the four acquisition properties comprising, Navarre Wachthuis, the Koedoe Arcade (Pretoria), De Bruyn Park (Pretoria) and the Bloemfontein Fedsure Building ("acquisition properties") successfully transferred to Vukile on 30 September 2013 and that in settlement of part consideration for the acquisition properties, an additional 22 839 175 linked units will be listed tomorrow.
03-Sep-2013
(Official Notice)
Unitholders are advised that independent non-executive directors Peter Cook and Mlungisi Hlongwane, having retired by rotation at the annual general meeting held on Friday, 30 August 2013, and although eligible, did not offer themselves for re-election. Steve Booysen has been appointed chairman of the Social, Ethics and Human Resources Committee, in Peter's stead.
30-Aug-2013
(Official Notice)
Unitholders are advised that at the annual general meeting of the company convened on Friday, 30 August 2013 (in terms of the notice of annual general meeting contained in the company?s integrated annual report issued on Thursday, 27 June 2013), all of the resolutions tabled thereat were passed by the requisite majority of Vukile shareholders.

01-Aug-2013
(Official Notice)
Unitholders are referred to the previous announcements released on SENS and the circular issued by Vukile on 5 June 2013 regarding Vukile's empowerment transformation transaction ("the transaction") with the Encha Property Group of Companies. Unitholders are advised that all outstanding suspensive conditions to the transaction have now been fulfilled or, where appropriate, waived and that the transaction will be implemented with effect from 1 August 2013.



Director appointment

Unitholders are further advised that the appointment of Dr Sedise Moseneke as an executive director of the company became effective on 1 August 2013.
05-Jul-2013
(Official Notice)
Further to the announcement of the results of the election given to Vukile linked unitholders to reinvest their distribution in return for Vukile linked units ("linked unit alternative") released over SENS on 24 June 2013 (the "reinvestment results announcement"), unitholders were advised that a further 382 new Vukile linked units will be issued in respect of the linked unit alternative, which were not included in the reinvestment results announcement due to an administrative error on the part of a third party. Accordingly, the total number of new Vukile linked units issued or to be issued in respect of the linked unit alternative (including the 3 960 818 newly issued Vukile linked units previously announced in the reinvestment results announcement) is 3 961 200 Vukile linked units.
05-Jul-2013
(Official Notice)
Unitholders were referred to the announcement released on SENS on 5 June 2013 and the circular issued by Vukile on the same date regarding Vukile's proposed empowerment transformation transaction ("the transaction") with the Encha Property Group of Companies. The general meeting to consider the resolutions required to implement the transaction was held on Friday, 5 July 2013 (the "general meeting"). Unitholders were informed that at the general meeting all of the resolutions proposed in terms of the notice convening the general meeting were approved.



The outstanding transaction conditions are expected to be fulfilled during July 2013 which would result in the transaction being implemented on 1 August 2013.
27-Jun-2013
(Official Notice)
Unitholders are advised that the integrated annual report, incorporating the audited financial statements of the group for the year ended 31 March 2013, was dispatched today (to unitholders recorded in the Vukile register on Friday 21 June 2013) and contains no changes from the audited results of the company which were released on SENS on Monday 27 May 2013. The integrated annual report is also available on Vukile's website - www.vukile.co.za.



Notice of AGM

The integrated annual report contains a notice of the annual general meeting of Vukile unitholders, which will be held in the Main Boardroom, One-on-Ninth, Corner Glenhove Road and Ninth Street, Melrose Estate, 2196, Gauteng, at 09:00 on Friday 30 August 2013. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday 16 August 2013 and the record date for voting purposes is Friday 23 August 2013.
24-Jun-2013
(Official Notice)
Further to the announcement of the payment of debenture interest and cash dividend (the "distribution") with an election to reinvest the distribution in return for Vukile linked units ("linked unit alternative") included in Vukile's results for the year ended 31 March 2013 released on SENS on Monday, 27 May 2013 and the announcement of the reinvestment price per new linked unit (being R16.77 per linked unit) applicable to Vukile linked unitholders electing the linked unit alternative and recorded in the register on Friday, 21 June 2013 released on SENS on Thursday, 6 June 2013.



Linked unitholders holding 89 100 719 Vukile linked units or 19.73% of Vukile linked units qualifying to receive the distribution elected to receive the linked unit alternative, resulting in the issue of 3 960 818 new Vukile linked units, retaining R66 422 917.86 (based on the issue price of R16.77 per new linked unit after accounting for the applicable dividend withholding tax) in new equity for Vukile. Accordingly, a cash distribution of R 270 243 561.78 is payable in respect of 362 451 129 Vukile linked units.



Distribution cheques in respect of certificated linked unitholders who did not elect the linked unit alternative in respect of some or all of their linked units were posted today to certificated linked unitholders at their risk and linked unit certificates in respect of certificated linked unitholders who did elect the linked unit alternative in respect of some or all of their linked units will be posted on Tuesday, 25 June 2013 to certificated linked unitholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did not elect the linked unit alternative in respect of some or all of their linked units will be credited with the cash distribution today and the Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did elect the linked unit alternative in respect of some or all of their linked units will be credited on Tuesday, 25 June 2013 with their new Vukile linked units.
11-Jun-2013
(Official Notice)
Unitholders are referred to the cautionary announcement released on SENS on 26 April 2013 regarding Vukile's negotiations for the acquisition of the Wingspan property portfolio and are advised that negotiations have been terminated and accordingly caution is no longer required to be exercised by unitholders when dealing in their Vukile units.
06-Jun-2013
(Official Notice)
05-Jun-2013
(Official Notice)
05-Jun-2013
(Official Notice)
Linked unitholders are referred to the circular dated 27 March 2013 (the "circular") posted to linked unitholders in respect of inter alia:

*the adoption of a new Memorandum of Incorporation;

*an odd-lot offer to linked unitholders holding less than 100 linked units in the linked unit capital of the company; and

*a specific authority for the company to repurchase odd-lot holdings in terms of the odd-lot offer.



Terms contained in this announcement are as defined in the circular.



Linked unitholders are also referred to the announcement released on SENS on 14 May 2013 wherein the salient dates and times in respect of the implementation of the odd-lot offer were announced.



Pursuant to the odd-lot offer, a total of 1 192 linked units have been sold by odd-lot holders, representing 0.00026% of the issued linked unit capital of the company prior to the implementation of the odd-lot offer. The number of linked unitholders was reduced by 705 linked unitholders, representing 11.61% of the total number of linked unitholders prior to the implementation of the odd-lot offer, based on Vukile's register as at 24 May 2013.



Dematerialised odd-lot holders who sold their odd-lot holdings (either by election or default) had their accounts at their CSDP or broker credited with the offer price on Monday, 3 June 2013. Certificated odd-lot holders who failed to make any election timeously, and are therefore deemed to have sold their odd-lot holdings, are reminded to submit their relevant documents of title to the transfer secretaries, Link Market Services South Africa (Proprietary) Limited, 13th Floor, 19 Ameshoff Street, Braamfontein, 2001 (PO Box 4844, Johannesburg, 2000) in order to receive payment in respect of their odd-lot holdings.
28-May-2013
(Official Notice)
Linked unitholders are referred to the audited condensed results for the year ended 31 March 2013 announcement ("results announcement"), released on SENS on Monday, 27 May 2013, containing details of the payment of a distribution of 74.56 cents per linked unit, comprising interest on debentures of 74.40815 cents per linked unit and a cash dividend of 0.15185 cents per linked unit. Linked unitholders are advised for clarification that, for the ordinary cash dividend, the gross local dividend amount is 0.15185 cents per linked unit (rounded in the results announcement to 0.152 cents) and the net local dividend amount is 0.12907 cents per linked unit (rounded in the results announcement to 0.129 cents).
27-May-2013
(Official Notice)
Unitholders are referred to the previous announcements released on SENS relating to Vukile's proposed empowerment transaction and are advised that the circular will be posted to unitholders during the course of June. Accordingly unitholders are advised to continue exercising caution when dealing in their Vukile units.
27-May-2013
(C)
Gross property revenue for the year increased to R1.2 billion (2012: R979.3 million). Operating profit before finance costs rose to R761.3 million (2012: R655 million), while profit for the year soared to R573.6 million (2012: R370.3 million). Furthermore, headline earnings per linked unit grew to 136.16cplu (2012: 134.48cplu).



Distribution

The board declared a distribution amounting to 74.56 cents per linked unit, for the six-month period to 31 March 2013. The distribution comprises interest on debentures of 74.41 cents per linked unit and a cash dividend of 0.15 cents per linked unit.



Prospects

With both the local and international economic environment remaining stubbornly sluggish Vukile expects the forthcoming year to be a challenging one and very much in line with the past year from an operating perspective. The company is however happy with the quality and performance of their underlying property portfolio. Vukile anticipates their retail assets to continue performing well, whilst the office sector is expected to remain tough and there will be an added impetus to try move vacant space in the year ahead. The group's deal pipeline remains full and the introduction of various new assets, specifically the Encha portfolio, will add positively to the portfolio in all material respects and are expected to be earnings enhancing from inception.



Having adopted their new disclosure protocol of separating out the impact of non-recurring income and declaring it as a special distribution and distinct from their normalised or core earnings base, Vukile currently expects to deliver a growth in normalised distribution of between 4% and 6% for the year to March 2014 (March 2013: 120.44 cents per linked unit). Vukile expects this figure to rise to between 6% and 8% for the total distribution for the year ending 31 March 2014 (March 2013: 131.59 cents per linked unit) when taking into account a special distribution of R64 million that will be declared in respect of sales commission earned on the sale of East Rand Mall from the Sanlam portfolio. The growth is based on the assumptions that the macro-economic environment will not deteriorate further, no major corporate failure will occur and that tenants will be able to absorb the rising property operating costs.
21-May-2013
(Official Notice)
Linked unitholders were advised that following the accelerated book build undertaken by Vukile on Tuesday, 7 May 2013, 20 512 821 new Vukile linked units were issued on Thursday, 16 May 2013 at an issue price of R19.50 per linked unit for a total amount of R400 000 009.50.



A portion of the issue price of R19.50 received per new linked unit comprises the accrued distribution payable in respect of the linked unit for the six month period ended 31 March 2013 and the pro rata distribution, up to the date of issue, for the six month period ending 30 September 2013.
20-May-2013
(Official Notice)
Vukile linked unitholders were referred to the announcement released on SENS on 12 March 2013 relating to Vukile's proposed empowerment transformation transaction. Unitholders are advised that the company has received an extension from the JSE to the 60 day rule in terms of paragraph 11.19 of the JSE Listings Requirements. The necessary circular is in the process of being approved by the JSE and will be posted to unitholders in due course.
16-May-2013
(Official Notice)
Sonja de Bruyn Sebotsa has been appointed as an independent non-executive director of the company with effect from 16 May 2013.
14-May-2013
(Official Notice)
10-May-2013
(Official Notice)
Unitholders are referred to the announcement released on SENS on Wednesday, 27 March 2013 wherein the expected salient dates and times in respect of, inter alia, the adoption of a new Memorandum of Incorporation and the implementation of an odd-lot offer to linked unitholders holding less than 100 linked units in the linked unit capital of the company (the "odd-lot offer") were published.



Unitholders are advised that the special resolution relating to the adoption of the new Memorandum of Incorporation, together with all prescribed documents, have been filed with the Companies and Intellectual Property Commission ("CIPC") for registration. Only upon registration of the special resolution, together with all prescribed documents, will the odd-lot offer become unconditional and thus capable of implementation. A further announcement detailing revised salient dates for the odd-lot offer will be released on SENS once the special resolution, together with all prescribed documents, have been registered by the CIPC.
07-May-2013
(Official Notice)
Vukile has closed its accelerated book build. In light of strong demand, the amount of capital to be raised was increased to R400 million. At this level, the book was heavily oversubscribed. The new Vukile linked units to be issued pursuant to the accelerated book build process have been priced at R19.50 per linked unit. A total of 20 512 821 new Vukile linked units are expected to be issued and listed on Thursday, 16 May 2013.
07-May-2013
(Official Notice)
Subject to pricing acceptable to Vukile, Vukile proposes an equity raise of about R250 million through the issue of new linked units under its general authority to issue linked units for cash.



The equity raise will be offered to selected investors through an accelerated book build process and is subject to a minimum application of R1 million per investor.



The accelerated book build is now open. Given that the linked units will be issued under Vukile's general authority, the accelerated book build is only open to public linked unitholders as defined in the JSE Listings Requirements.



Java Capital is acting as sole bookrunner.
26-Apr-2013
(Official Notice)
Linked unitholders are advised that Vukile has entered into negotiations for the acquisition, either alone or together with a third party, of the Wingspan property portfolio, comprising 5 regional shopping centres.



The acquisition, if consummated, will be subject to usual terms and conditions including, inter alia,

(i) the securing, to the extent necessary, of unitholder approval;

(ii) the securing of all requisite regulatory approvals (including Competition Authority approval); and

(iii) to the extent required, the raising by Vukile of additional equity and/or debt to fund the acquisition.



If the transaction is successfully concluded, it may have a material effect on the price of the company's linked units. Accordingly, linked unitholders are advised to exercise caution when dealing in their linked units until a further announcement is made.
25-Apr-2013
(Official Notice)
Linked unitholders were referred to the announcement released over SENS on 27 March 2013 relating to the posting of a circular together with a notice convening a general meeting for today, Thursday, 25 April 2013 (the "general meeting") in respect of certain corporate actions, as defined therein.



Linked unitholders were advised that at the general meeting, all of the resolutions proposed in terms of the notice convening the general meeting were passed, including the special resolutions relating to, inter alia, the adoption of a new Memorandum of Incorporation ("MOI").



The MOI, including the special resolution relating to the adoption of the MOI, which was approved at the general meeting, has been lodged for filing and registration with the Companies and Intellectual Property Commission ("CIPC").



A further announcement detailing the salient dates in respect of the odd-lot offer, as referred to in the circular, will be released over SENS once the special resolution relating to the adoption of the MOI (and the MOI itself) has been registered with the CIPC, thus enabling the odd-lot offer to be undertaken by the company.
25-Apr-2013
(Official Notice)
Linked unitholders were referred to the announcement released on SENS on 12 March 2013 wherein linked unitholders were advised of a proposed empowerment transformation transaction and that Vukile had concluded a non-binding heads of agreement with Encha Properties (Pty) Ltd. for the acquisition of an approximately R1.4 billion commercial property portfolio ("the proposed transaction"). The financial effects of the proposed transaction (which is categorised as a category 2 transaction for purposes of the JSE Listings Requirements) are still in the process of being finalised and will be published in due course.



Linked unitholders were advised to continue to exercise caution when dealing in their linked units until the financial effects of the proposed transaction are announced.
27-Mar-2013
(Official Notice)
12-Mar-2013
(Official Notice)
The financial effects of the proposed empowerment transaction, including the acquisition of the acquisition properties and the specific issue of linked units in terms of the equity funding platform, are still in the process of being finalised and will be published in due course. Based on Vukile's current approximate 7.5% weighted average cost of capital, the acquisition of the acquisition properties will be yield enhancing to Vukile. Unitholders of Vukile are advised that this announcement details the transaction which forms the subject matter of the 21 February 2013 cautionary announcement. Unitholders should continue to exercise caution when dealing in their linked units until the financial effects of the proposed transaction are announced.
12-Mar-2013
(Official Notice)
21-Feb-2013
(Official Notice)
Linked unitholders were advised that Vukile has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, linked unitholders were advised to exercise caution when dealing in the company's securities until a further announcement is made.
20-Feb-2013
(Official Notice)
Further to the detailed cautionary announcement released on SENS on 22 November 2012 and the unaudited condensed interim financial statement and results announcement, containing the financial effects of the Transaction, released on SENS on 23 November 2012, Vukile linked unitholders are advised that the Competition Tribunal has approved the Transaction. Accordingly, all conditions precedent pertaining to the Transaction (other than transfer being effected) have been fulfilled and it is anticipated that the registration of the transfer of the Property will, barring any issues raised by the Deeds office, be effected on or about 2 April 2013. Unitholders are further advised that the special distribution comprising at least 95% of the sales commission accruing to Vukile in April 2013 as a result of the Transaction is expected to be made in December 2013, being the first distribution for the 2014 financial reporting period.
11-Dec-2012
(Official Notice)
Holders of Vukile linked units were referred to the announcement released on SENS earlier today, relating to the launch of an offering of linked units (the "offering").



Results of the offering

Vukile is pleased to announce that the offering was significantly oversubscribed and 20 525 000 new linked units were placed with qualifying institutional investors at a price of R16.70 per linked unit for gross proceeds of R342.8 million. The issue price represents a discount of 3.0% to the closing price and a discount of 4.6% to the 30 day volume weighted average price of Vukile linked units on Monday, 10 December 2012.



Included in the issue price of R16.70 is an antecedent divestiture of 32.5 cents per linked unit for the period 1 October 2012 to 19 December 2012 in respect of the second distribution period 1 October 2012 to 31 March 2013.



Listing and settlement

Listing and trading of the new linked units is expected to commence at 09h00 on Wednesday, 19 December 2012.
11-Dec-2012
(Official Notice)
Vukile announced the launch of an offering of up to 20 525 000 new linked units, representing 4.99% of the total number of linked units in issue (the "offering"). The linked units will be issued by Vukile, under its existing general authority to issue linked units for cash, as approved by Vukile linked unitholders at the annual general meeting held on 31 August 2012.



Offering terms

The initial price range at which the linked units are being offered is R16.65 to R17.00. The new linked units to be issued pursuant to the offering will not qualify to receive the interim distribution for the six months ended 30 September 2012 as the new linked units will be issued after the record date for the distribution. The offering will be offered through an accelerated bookbuild process to qualifying institutional investors only. The book for the Offering will open with immediate effect and is expected to close Tuesday, 11 December 2012. Pricing and allocations will be announced as soon as practicable following the closing of the book.



Use of proceeds

The proceeds of the offering will be used to repay debt facilities and temporarily reduce gearing in the company. The repayment of debt is expected to be yield enhancing for the company. Holders of Vukile linked units are referred to the detailed cautionary announcement released on SENS on 23 November 2012 relating to the acquisition of a 50% undivided share in the East Rand Mall (the "acquisition") and the unaudited condensed interim financial statements and results for the six months ended 30 September 2012 announced on SENS on 23 November 2012. Subject to the fulfillment of the outstanding conditions precedent to the acquisition, specifically the Competition Commission approval, the increased debt capacity may be used in part payment of the R1.115 billion purchase price of the Acquisition or alternatively may be used to finance the acquisition and development pipeline referred to in the interim financial statements.



Listing and settlement

Listing and trading of the new linked units is expected to commence at 09h00 on Wednesday, 19 December 2012.
23-Nov-2012
(C)
Gross property revenue rose to R566.5 million (2011: R503.8 million). Profit for the period after taxation fell to R186 million (2011: R370.9 million), while headline earnings per linked unit lowered to 64.58cplu (2011: 70.13cplu).



Distribution

The board announced a distribution amount of 57.03cplu for the six-month period to 30 September 2012. The distribution comprises interest on debentures of 56.914cplu and a dividend of 0.116cplu.



Prospects

Notwithstanding that the local and international economic environment remains subdued, the portfolio has performed well over the past six months and the company would expect similar performance to ensue in the second half of the financial year. Vukile will continue to focus on not only growing the portfolio in line with their stated strategy but also on opportunities to improve the quality of the portfolio and establishing a dominant retail bias to the portfolio mix. The aforementioned East Rand Mall acquisition certainly delivers substantially in both respects. As part of this process, Vukile will continue looking to sell non-core properties which may come at a yield dilution but certainly reduces the risk in the portfolio. Vukile expects the full year distribution to increase by between 4-6% as compared to the previous year, excluding the receipt of R67 million sales commission in respect of East Rand Mall should it fall in this financial year.
23-Nov-2012
(Official Notice)
Unitholders are advised to continue exercising caution when dealing in the company's linked units until such time as the financial effects of the Acquisition have been published.
23-Nov-2012
(Official Notice)
Further to the cautionary announcement dated 1 November 2012, Vukile linked unitholders ("unitholders") are advised that Redefine Properties Ltd. ("Redefine") has reached agreement with Sanlam Life Insurance Ltd. ("Sanlam") to acquire the East Rand Mall (the "Property") for a purchase consideration of R2.23 billion. As Vukile has a pre-emptive right to acquire the Property, Vukile has agreed with Redefine that it will acquire a 50% undivided share of the Property from Redefine for R1.115 billion on the same terms and conditions and at the same time that Redefine will acquire the Property from Sanlam (the "Acquisition"). The formal legal agreements have been finalised, but the Acquisition is still subject to Competition Commission approval. In terms of the JSE Limited Listings Requirements, the Acquisition constitutes a category 2 transaction for Vukile. The interim results for the company are due to be released on SENS on 23 November 2012 and will include the financial effects of the Acquisition.



Purchase Consideration

The Property will be acquired for a purchase consideration of R1.115 billion (One billion, one hundred and fifteen million Rand), payable in cash (the "Purchase Consideration") on fulfilment or waiver of the last of the conditions precedent set out below , which is expected to be on or about 1 April 2013 ("Effective Date"). The Property being acquired has been externally valued as described more fully in paragraph 5 below. The value attributed to the Property by the external valuer of R1.090 billion, equates to 97.8% of the Purchase Consideration.



The Purchase Consideration has been determined assuming that the Property will be transferred on 31 May 2013. To the extent that the Effective Date is prior to or post 31 May 2013, the Purchase Consideration will be adjusted upwards or downwards by 0.0133681% compounded daily (c.5.0% per annum) ("Adjusted Purchase Consideration"). The first and second year forecast yields in respect of the Property, based on the Adjusted Purchase Consideration including transaction costs, are 6.72% and 7.18% respectively.



Vukile, through a combination of cash and well negotiated debt facilities, expects the Acquisition to be marginally earnings dilutive in year one and enhancing from year two onwards.



Conditions precedent

The Acquisition is subject to the approval by the South African Competition Authorities and the transfer of the Property to Vukile.
01-Nov-2012
(Official Notice)
Vukile announced it is to acquire a 50% share in the East Rand Mall in Gauteng for a consideration of R1.115 billion, subject to the negotiation of formal legal agreements and Competition Commission approval. The other half will be acquired by Redefine Properties. The East Rand Mall, valued at a total of R2.23 billion, is one of the leading shopping centres in the Gauteng province. Vukile chief executive Laurence Rapp said the acquisition was in line with the companys strategy of aggressively growing its portfolio with a special emphasis on the retail sector. He said a detailed terms announcement would be made once the formal agreement had been signed and that the company?s results for the six months ended 30 September, due out on 23 November, would contain the financial effects of the acquisition.
01-Nov-2012
(Official Notice)
Vukile linked unitholders are advised that Redefine Properties Ltd. ("Redefine") has reached agreement with Sanlam Life Insurance Ltd. ("Sanlam") to acquire the East Rand Mall (the "Property") for a purchase consideration of R2.23 billion, subject to the negotiation of formal legal agreements and the receipt of Competition Commission approval.



As Vukile has a pre-emptive right to acquire the Property, Vukile has agreed with Redefine that it will acquire a 50% undivided share of the Property from Redefine for R1.115 billion on the same terms and conditions and at the same time that Redefine acquires the Property from Sanlam (the "Acquisition"). A due diligence has been completed and the Acquisition is subject to the negotiation of formal legal agreements and the receipt of Competition Commission approval.



The interim results for the company are due to be released on SENS on 23 November 2012. The financial effects of the Acquisition will be provided in the interim results announcement.



Accordingly, Unitholders are advised to exercise caution when dealing in the company's linked units until the financial effects of the Acquisition have been disclosed.
31-Aug-2012
(Official Notice)
Mr H S C Bester has retired from the board of directors after serving as director, member of the Property and Investment Committee and Chairman of the Audit and Risk Committee since the listing of Vukile in 2004. Mr Bester also served as lead independent director of Vukile. Mr N G Payne, currently a member of the Audit and Risk Committee, will succeed Mr Bester as Chairman of the Audit and Risk Committee.
31-Aug-2012
(Official Notice)
Unitholders are advised that, at the annual general meeting of the company convened on Friday, 31 August 2012 (in terms of the notice of annual general meeting contained in the company's annual report issued on 29 June 2012), all of the ordinary and special resolutions were passed by the requisite majority of Vukile shareholders. The board of directors have undertaken that the maximum number of unissued linked units placed under the control of the directors in terms of ordinary resolution number 5 that will be issued (excluding any units issued under the general authority to issue units for cash in terms of ordinary resolution number 6) will not exceed 20 525 761 shares (constituting 5% of the current total number of linked units in issue).



The board of directors has further undertaken that, notwithstanding the wider authority granted to the board to issue linked units for cash in terms of ordinary resolution number six:

* the maximum number of linked units that will be issued for cash pursuant to the general authority will not exceed 20 525 761 linked units (constituting 5% of the current total number of linked units in issue);

* the maximum discount at which linked units will be issued for cash will be capped at a discount of 5% of the weighted average traded price of the linked units measured over the 30 days prior to the date that the price of the issue is agreed between Vukile and the subscriber/s for the linked units.
29-Jun-2012
(Official Notice)
Unitholders are advised that Vukile's integrated annual report, incorporating the audited financial statements of the group for the year ended 31 March 2012, was dispatched to unitholders and contains no changes from the audited results which were released on SENS on Tuesday, 29 May 2012. The integrated annual report is also available on the company's website - www.vukile.co.za. The integrated annual report contains a notice of annual general meeting for the company's shareholders, which will be held at the offices of Vukile, First Floor, Meersig 1 Building, Constantia Boulevard, Constantia Kloof, 1709, Gauteng, at 09:00 on Friday, 31 August 2012.
29-May-2012
(C)
26-Apr-2012
(Official Notice)
Holders of Vukile linked units ("Vukile linked unitholders") are referred to the circular issued by Vukile on 31 January 2012 and the following announcements released on SENS:

*the general meeting results announcement released on 29 February 2012;

*the fulfilment of conditions precedent and early distribution announcement released on 9 March 2012;

*the early distribution declaration for the six months ended 31 March 2012 announcement released on 16 March 2012;

*the reduction of the vendor placement size announcement released on 30 March 2012; and

*the vendor placement of Vukile linked units and the vendor placement results announcements released on 11 April 2012.



The above all relate to the acquisition by Vukile of 20 properties from Sanlam Life Insurance Ltd. and the issue and allotment of Vukile linked units as part consideration for the acquisition in terms of a vendor placement (the "transaction"). Vukile linked unitholders are advised that all conditions precedent to the transaction have now been fulfilled and that the property transfers have been effected.
11-Apr-2012
(Official Notice)
Holders of Vukile linked units ("linked units") are referred to the vendor placement announcement released on SENS today, 11 April 2012, relating to the offering of Vukile linked units as part consideration ("acquisition units") for the acquisition by Vukile of twenty properties from Sanlam Life Insurance Limited. Vukile is pleased to announce the successful placement by way of a bookbuild offering, of 59.5 million acquisition units, placed with qualifying institutional investors at a price of R14.60 per linked unit (the "vendor placement"). Vukile will receive gross proceeds of R868.7 million pursuant to the vendor placement. The vendor placement was significantly over-subscribed. The price at which the acquisition units were offered represents a discount of approximately 2.9% to the 3-day volume weighted average price of the linked units, as at 10 April 2012. Listing and trading of the acquisition units is expected to commence at 09h00 on Thursday, 19 April 2012. Following the vendor placement, Vukile will have 410 515 219 linked units in issue.
11-Apr-2012
(Official Notice)
Holders of Vukile linked units ("linked units") are referred to the circular issued by Vukile on 31 January 2012, the general meeting results announcement released on SENS on 29 February 2012, the fulfilment of conditions precedent and early distribution announcement released on SENS on 9 March 2012, and the reduction of the vendor placement size announcement released on SENS on 30 March 2012, all relating to the acquisition by Vukile of twenty properties from Sanlam Life Insurance Ltd. and the issue and allotment of Vukile linked units as part consideration for the acquisition ("acquisition units") in terms of a vendor placement.



Pursuant to the above, Vukile is launching a bookbuild offering of up to 60 million acquisition units (the "vendor placement") to qualifying institutional investors only. The price at which the acquisition units are being offered is R14.60. The vendor placement constitutes approximately 17.1% (14.6% post the vendor placement) of the total number of linked units in issue. The book for the vendor placement will open with immediate effect and is expected to close today (Wednesday, 11 April 2012). Pricing and allocations will be announced as soon as practicable following the closing of the book. Listing and trading of the acquisition units is expected to commence at 09h00 on Thursday, 19 April 2012.
05-Apr-2012
(Official Notice)
Holders of Vukile linked units("linked unitholders")are referred to the circular issued by Vukile on 31 January 2012 ("circular"), the general meeting results announcement released on SENS on 29 February 2012 and the fulfilment of conditions precedent and early distribution announcement released on SENS on 9 March 2012, all relating to the acquisition by Vukile of twenty properties from Sanlam Life Insurance Ltd (the "acquisition")for R1.5 billion and the issue and allotment of Vukile linked units as part consideration for the acquisition in terms of a R956 million vendor placement(the "vendor placement")(collectively "the transaction"). The anticipated vendor placement will reduce from the initial indication of R956 million to approximately R864.9 million for two reasons. Firstly, Vukile has managed to bring the effective date of the Transaction forward, which is now anticipated to be towards the latter part of April 2012. In terms of the formula set out in the circular, to the extent that the effective date is prior to 1 June 2012, the purchase price will reduce by a factor of 0.017255% compounded daily (6.5% per annum). This has resulted in a reduction in the purchase price of c.R11.6 million. Secondly, linked unitholders are advised that Vukile has subsequently concluded the sale of three properties from its existing portfolio that will result in it receiving cash proceeds of R80 million within the next three months. Vukile management have decided that it is preferable to utilize bridging funding of R80 million pending receipt of the proceeds of the sale of the properties, at which point the funding will be repaid, rather than issue new linked units. Accordingly the vendor placement will decrease by R91.1 million, from R956 million to R864.9 million. The reduced vendor placement results in Vukile being able to conclude the transaction in a manner that is more favourable to linked unitholders. The analysis has confirmed that it is beneficial for linked unitholders to reduce the size of the vendor placement by using the temporary bridge debt funding as it increases the distribution per unit.
26-Mar-2012
(Official Notice)
Linked unitholders were referred to the announcement released on SENS on 24 February 2012 and the notice of general meeting posted to shareholders on the same day, including a form of proxy, regarding the following:

*the proposed amendments to the Memorandum of Incorporation ("MOI") of the company; and

*the provision of financial assistance in terms of section 44 of the Companies Act 71 of 2008.



Linked unitholders are advised that at the general meeting held on Monday, 26 March 2012, all the resolutions proposed were passed by the requisite majority of votes. The special resolution relating to the amendments to the MOI will be registered with the Companies and Intellectual Property Commission in due course.
20-Mar-2012
(Official Notice)
Linked unitholders are advised that the following individuals have been appointed as independent non-executive directors of the company with effect from 20 March 2012. Both individuals will serve on the board and audit and risk committee of the company:

* Dr Steve Booysen

* Mr Nigel Payne.
16-Mar-2012
(Official Notice)
09-Mar-2012
(Official Notice)
Holders of Vukile Linked Units ("linked unitholders") are referred to the circular issued by Vukile on 31 January 2012 ("circular"), the posting of circular announcement released on SENS the same day and the general meeting results announcement released on SENS on 29 February 2012 relating to the acquisition by Vukile of twenty properties from Sanlam Life Insurance Ltd ("Sanlam") (the "acquisition") and the issue and allotment of Vukile linked units ("linked units") as part consideration for the acquisition in terms of a vendor placement (the "vendor placement").



Linked unitholders are advised that the following conditions precedent relating to the acquisition have now been fulfilled:

*the Competition Tribunal and the Minister of Trade and Industry have granted approval for the acquisition; and

*the city council of Durban has consented in writing to the cession and assignment of the lease agreements in respect of the Durban Workshop property to Vukile.



Furthermore, as disclosed in the circular, an early distribution will be declared during the month of March 2012 to existing linked unitholders for the six months ended 31 March 2012 ("early distribution"). Linked unitholders are advised that it is currently anticipated that the early distribution will be paid during the month of April 2012, which is approximately two months earlier than is normally the case. This will ensure that existing linked unitholders participate in the company's distribution for the six months ending 31 March 2012 and that the new linked unitholders will participate from the date of placement in the company's distribution for the six month period ending 30 September 2012. Further announcements relating to the outstanding conditions precedent and the final timing of the early distribution and placement of the linked units will be made in due course.
29-Feb-2012
(Official Notice)
Holders of Vukile Linked Units ("Vukile Linked Unitholders") are referred to the detailed cautionary announcement released on SENS on 14 November 2011 and the detailed terms announcement released on SENS on 30 November 2011, advising Vukile Linked Unitholders that Vukile had made an offer to Sanlam Life Insurance Ltd. ("Sanlam"), dated 3 November 2011, in terms of which Vukile would acquire the property letting enterprises in respect of a portfolio of properties which offer had been accepted by Sanlam ("the Transaction").



Furthermore, reference is made to the announcement released on SENS on 31 January 2012, advising Vukile Linked Unitholders that a circular to Vukile Linked Unitholders containing details of the Transaction and the notice of a general meeting was posted on the same day. Linked unitholders are advised that at the general meeting held on Wednesday, 29 February 2012, all the resolutions proposed to give effect to the Transaction were approved by the requisite majority of votes.
27-Feb-2012
(Official Notice)
Shareholders are advised that Java Capital Trustees and Sponsors (Pty) Ltd will replace One Capital Sponsor Services (Pty) Ltd as sponsor to Vukile with effect from 1 March 2012.

24-Feb-2012
(Official Notice)
13-Feb-2012
(Official Notice)
Unitholders are advised that fact sheets pertaining to Vukile's property portfolio, which will be made available to analysts during property visits, are available on Vukile's website, www.vukileprops.co.za.
31-Jan-2012
(Official Notice)
Holders of Vukile linked units are referred to the detailed cautionary announcement released on SENS on 14 November 2011 and the detailed terms announcement released on 30 November 2011, advising Vukile linked unitholders that Vukile had made an offer to Sanlam Life Insurance Ltd ("Sanlam"), dated 3 November 2011, in terms of which Vukile would acquire the property letting enterprises in respect of a portfolio of properties which offer had been accepted by Sanlam ("the transaction"). Furthermore, reference is made to the announcement released on SENS on 17 January 2012, advising Vukile linked unitholders that a circular to Vukile linked unitholders containing details of the transaction and the notice of a general meeting ("the circular"), will be posted on or about 31 January 2012. Vukile Linked Unitholders are hereby advised that the circular was posted to Vukile linked unitholders on 31 January 2012.



Notice of general meeting

A general meeting of Vukile linked unitholders ("general meeting") will be held at 10:00 am on Wednesday 29 February 2012, at the registered offices of Vukile (1st Floor, Meersig Building 1, Constantia Boulevard, Constantia Kloof, Gauteng, 1709), for the purpose of considering and, if deemed fit, passing, with or without modification, the resolutions required to approve and implement the transaction as set out in the notice of general meeting included in the circular.
02-Dec-2011
(Official Notice)
In terms of section 122(3)(b) of the Companies Act, 71 of 2008, as amended ("Act") and paragraph 3.83(b) of the JSE Limited Listings Requirements, holders of Linked Units are advised that Sanlam Life Insurance Ltd ("Sanlam Life")has purchased Linked Units ("Acquisition") from Lazarus Capital (Pty) Ltd ("Lazarus"), Vukile's former Black Economic Empowerment shareholding company. The Acquisition is in terms of an internal transfer and does not change the Sanlam Group's total beneficial interest in Vukile. Accordingly, Sanlam Life's direct beneficial interest, as defined in the Act, is 12.56% of the Linked Units in issue.



Following the Acquisition:

*the total of all beneficial interests in Linked Units held by Sanlam Life is now 12.56% of the total Linked Units in issue, of which 4.85% is held by policy holders; and

*the total of all beneficial interests in Linked Units held by Lazarus is now 0% of the total Linked Units in issue.

30-Nov-2011
(Official Notice)
Unitholders are advised that as the financial effects of the transaction have now been disclosed, caution is no longer required to be exercised when dealing in their linked units.
30-Nov-2011
(Official Notice)
Vukile linked unitholders ("unitholders") are referred to the detailed cautionary announcement ("announcement") dated 14 November 2011. This announcement advised that the company had made an offer to Sanlam Life Insurance Ltd ("Sanlam") dated 3 November 2011 in terms of which Vukile would acquire the property letting enterprises in respect of a portfolio of properties (the "Acquisition") which offer had been accepted by Sanlam.



The announcement provided unitholders with the requisite pertinent information on the properties. However, as the company`s results for the six months ended 30 September 2011 had not yet been released on SENS, financial effects were not included in the aforesaid announcement. The interim results have since been released on SENS and the company is now in a position to provide meaningful information on the financial effects of the Acquisition.



The specific issue for cash

In order to raise the requisite equity capital for the Acquisition, the company will be undertaking a specific issue of linked units for cash when the Acquisition becomes unconditional (the "issue for cash")(together the "issue for cash" and the Acquisition will be referred to as (the "Transaction").



The issue for cash will:

*comprise a maximum of seventy million linked units;

*be placed by an independent party through a "bookbuild" process so as to achieve the highest possible price per linked unit; and

*be done at a placement price which is at a 0% - 5% discount to the 5 day VWAP of the linked units traded on the JSE Limited.

23-Nov-2011
(Official Notice)
In terms of section 122(3)(b) of the Companies Act, 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, holders of Linked Units are advised that Fortress Income 2 (Pty) Ltd ("Fortress") has notified the company that it has disposed of a beneficial interest in Linked Units, such that the total of all beneficial interests of Linked Units held by Fortress is now 3.97% of the total Linked Units in issue.
22-Nov-2011
(Media Comment)
According to Business Report, Vukile plans to apply a comprehensive transformation strategy that may include the introduction of a black economic empowerment ("BEE") shareholder into the property loan stock group. Laurence Rapp, the new chief executive of Vukile, which owns a portfolio valued at R5.9 billion, commented that he had been to see the Public Investment Corporation ("PIC") pre-emptively to announce that Vukile would drive a transformation strategy. This was not because the PIC asked the group to, but as Vukile had decided to. "the property industry is under-represented by black (people) and females and we need to look at those opportunities. So it's very much on the agenda for us to do," he commented. The meeting with the PIC follows Vukile agreeing earlier this month to acquire a portfolio of 20 properties worth almost R1.5 billion from Sanlam Life Insurance, which coincided with the PIC reaching agreement with Sanlam to acquire 70 million Vukile linked units from Sanlam.
21-Nov-2011
(C)
Gross property revenue for the interim period increased to R503.8 million (2010: R410.1 million). Profit from property operations jumped to R337.4 million (2010: R270.4 million), while profit attributable to shareholders grew to R318 million (2010: R271.3 million). Furthermore, headline earnings per linked unit improved to 67.47cplu (2010: 59.05cplu).



Dividend

A distribution amounting to 54.314cplu, for the six month period to 30 September 2011 was declared. The distribution comprises interest on debentures of 54.203cplu and a dividend of 0.111cplu.



Prospects

While trading conditions are expected to remain soft in the office and industrial sectors and given a stable retail environment Vukile remain positive about the prospects for the group for the remainder of the financial year and expect positive growth in the full year distributions.
14-Nov-2011
(Official Notice)
Property loan stock company Vukile is to acquire a portfolio of 20 properties, worth nearly R1.5 billion, from Sanlam Life Insurance. The acquisition is expected to be effective in June next year, once a number of conditions precedent have been fulfilled, and will be funded through a combination of debt and the issue of new linked units. Vukile chief executive Laurence Rapp says the acquisition is in line with Vukile`s new strategy of growing a quality portfolio of properties with strong contractual cash flows in order to achieve meaningful capital appreciation and sustainable growth in distributions.



At the same time, the Public Investment Corporation (PIC) has reached an agreement with Sanlam, in terms of which it will acquire 70.2 million Vukile linked units from Sanlam. Following the transaction between Sanlam and the PIC, Sanlam`s holding in Vukile will decrease to 13.6%, of which 7.6% will be held by Sanlam policy holder funds and, as such, constitutes an institutional holding. The PIC`s stake in Vukile will be around 20%. The introduction of the PIC as an investor is a positive development for Vukile as it will broaden its shareholder base and should lead to an increased JSE free float.



The properties being acquired are: Bassonia Office Park, Bellville Barons, Bellville Santyger, Bellville Tijger Park 1, Bellville Tijger Park 2, Bellville Tijger Park 3, Bellville Tijger Park 4, Bellville Tijger Park 5, Bloemfontein Trador Cash - Carry, Durban Westville Surrey Park, Durban Workshop, Johannesburg Empire Road Offices, Johannesburg Houghton, Pretoria Sanlynn, Midrand IBG, Pretoria Rosslyn Joshua Doore Warehouse, Pretoria Sancardia, Sandton Ascot Offices, Sandton Rivonia Tuscany and Sandton Sunninghill Park.
14-Nov-2011
(Official Notice)
03-Nov-2011
(Official Notice)
Unitholders of Vukile are advised that the company has entered into negotiations which, if successfully concluded, may have an effect on the price of the company's linked units. Accordingly, unitholders are advised to exercise caution when dealing in the company's linked units until a further announcement is made.
16-Sep-2011
(Official Notice)
Mr U J van der Walt has resigned as a non-executive director of Vukile with immediate effect.
31-Aug-2011
(Official Notice)
Vukile linked unitholders were advised that, at the annual general meeting of Unitholders held at the registered office of Vukile on 31 August 2011, all of the ordinary and special resolutions proposed thereat were passed by the requisite majority of votes.
17-Aug-2011
(Official Notice)
Holders of linked units are advised that Sanlam Life Insurance Ltd ("Sanlam Life") has purchased linked units ("the Acquisition") from Lazarus Capital (Pty) Ltd. Following the acquisition, the Sanlam group's beneficial interest in Vukile remains unchanged whereas Sanlam Life's direct beneficial interest in Vukile, as defined in the Act, has increased to 19.57% of the linked units in issue.
02-Aug-2011
(Official Notice)
In terms of section 122(3)(b) of the Companies Act, 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, Vukile linked unitholders are advised that Fortress Income 2 (Proprietary) Limited ("Fortress") has notified the company that it has acquired a beneficial interest in the securities of the company, such that the total of all beneficial interests of Vukile linked units held by Fortress is now 7.26% of the total Vukile linked units in issue.
29-Jun-2011
(Official Notice)
Property loan stock company Vukile shrugged off a sluggish economic recovery to increase its full year distribution to linked unitholders by 9% and to grow its net asset value by 7.6% in the 2010 financial year. In its annual report, published today, chairman Anton Botha said that the listed property sector delivered a robust performance during the 2010 calendar year as illustrated by the fact that the South African Listed Property Index recorded a total return of 29.6% for the year, outperforming the other traditional asset classes. This he attributed mainly to strong demand from both retail and institutional investors as well as the listing of a few smaller funds, which caused the market capitalisation of the sector to grow over the last year from R100 billion to R120 billion.



However, despite the strong performance from the listed property sector, conditions at the coal face remained as tough as ever.



No change statement and notice of AGM

Unitholders are advised that the integrated annual report for the year ended 31 March 2011, will be posted on 29 June 2011. The annual financial statements contained in the integrated annual report are identical to the audited results of the company which were released on SENS on Monday, 23 May 2011. Notice is hereby given that the annual general meeting of Vukile will be held in the Vukile boardroom, First floor, Meersig 1 Building, Constantia Boulevard, Constantia Kloof, 1709, Gauteng, on Wednesday, 31 August 2011 at 11:00. The notice of annual general meeting is issued with the integrated annual report, which contains the annual financial statements of Vukile for the year ended 31 March 2011.
26-May-2011
(Official Notice)
Unitholders are advised that Mr Laurence Rapp has been appointed as executive director and Chief Executive Officer ("CEO") of Vukile with effect from 1 August 2011. Mr Rapp's appointment follows Mr Gerhard van Zyl's resignation announced on 28 May 2010 which was effective on 31 March 2011. Mr van Zyl's term was extended with the company, by mutual agreement with the board, until a new CEO was appointed. Mr van Zyl leaves Vukile at the end of July 2011.
23-May-2011
(Official Notice)
Vukile reported a 26.2% increase in net profit available for distribution for the full year to 31 March 2011 to R408.1 million and announced a second half distribution of 67.1 cents per linked unit, making the total for the year 117.65 cents per linked unit, an increase of 9% over the previous year. Chief executive Gerhard van Zyl attributed the company's strong performance to the quality of its underlying properties, the growth of its portfolio and the additional revenue from the asset management business acquired last year as well as a firm control on costs and vacancy levels. If acquisitions and disposals are excluded, on a like-for-like basis, group net property revenue increased by 9.5% from the 2010 financial year.



Vacancy levels as a percentage of gross rentals were well contained at 5.1%, which is up from 4.1% at the previous year-end, but down from 5.3% at 30 September 2010. The recurring costs to property revenue ratio, excluding electricity rates and taxes, decreased from 16.5% to 15.3% year on year. The asset management business performed well during the year, earning asset management fees of R33.6 million which was R3.1 million higher than the income forecast in the circular to shareholders dated 26 November 2009. Likewise, sales commission of R29.3 million was R5.3 million higher than forecast in the circular. This was due to higher than expected disposals in the Sanlam portfolio. The cost of acquisitions, developments and tenant installations for the year amounted to R622.9 million which includes the acquisition of nine properties from Sanlam Life for R541 million. New leases and renewals of 204 795mSquared, with a contract value of R945.5 million, were concluded during the year.
23-May-2011
(C)
Gross property revenue increased to R850.5 million (R749 .1 million). Operating profit before finance costs rose to R590.7 million (R482.5 million). However, net attributable profit declined to R10.5 million (R235.6 million). In addition, headline earnings per linked unit fell to 124.36c (107.89cplu).



Distribution

Notice is hereby given of a distribution amounting to 67.12cplu for the six months ended 31 March 2011. The distribution comprises interest on debentures of 66.98cplu and a dividend of 0.14cplu.



Outlook

Although the negative factors that have constrained a global economic recovery after the sub-prime crisis seem to be dissipating, there are still some major risks that continue to cast a shadow over a full blown economic recovery. These include the disaster in Japan as well as the problems experienced by some of the European countries related to the austerity measures imposed by the European Union. These factors will continue to dampen global economic recovery for the foreseeable future.

Although South Africa is not isolated from the rest of the world, there are, in spite of the global negative sentiment, some indications that the local economy has turned the corner and that the country should experience continued, but slow growth in the economy. This is evidenced by the fact that manufacturing activity has increased and inventory levels in the economy are also increasing. The property sector "lags" the broader economic cycle by between 12 and 18 months. This means that trading conditions in the property sector will remain difficult, but we should see a stabilisation of current vacancy levels, arrear rentals and bad debts. It is anticipated that conditions will slowly start to improve over the next six to twelve months, but it will in all probability be a gradual process. Vukile is well positioned to take advantage of any opportunities and to continue to deliver reasonable distribution growth.

05-May-2011
(Official Notice)
Vukile linked unitholders are referred to the announcement published on SENS on 11 April 2011 regarding the acquisition of Giyani Plaza ("the Property") from Sanlam Life Insurance Ltd for a total purchase price of R68.25 million ("the acquisition"). The acquisition is a "small related party" transaction in terms of the JSE Ltd listings requirements and the company therefore appointed an independent registered valuer, Quadrant Properties (Pty) Ltd ("the Valuer") to ascribe a value to the property. The Valuer has valued the Property at an amount of R69.20 million as at 1 August 2011 and the valuation report is available for inspection at Vukile's registered office for a period of 28 days from the date of this announcement. Based on the value of the property arrived at by the Valuer, the directors of Vukile are of the opinion that the terms and conditions of the acquisition are fair to Vukile linked unitholders.
19-Apr-2011
(Official Notice)
Vukile linked unitholders ("Linked Unitholders") are referred to the circular dated 26 November 2009 in which details of the call option ("the Call Option") agreement entered into between Sanlam Life and Vukile ("the Agreement") to acquire certain properties valued at approximately R500 million were provided. The Company informed linked unitholders in an update announcement dated 31 December 2010, that in terms of the provisions of the Agreement, Vukile had exercised the option by delivering a written notice ("the First Notice") to Sanlam Life on 31 December 2010, specifying that Vukile was interested in acquiring the properties which are the subject of the Agreement ("the Option Assets").



Further to the First Notice, Sanlam Life was to provide Vukile with a value for the Option Assets based on their internal valuation methodologies and the value provided by an independent valuer ("the Valuation"), which Valuation would be the proposed purchase consideration for the Option Assets. Upon receipt and assessment of the Valuation, Vukile would, at its sole discretion, be entitled to elect to continue with the exercise of the Call Option by delivering a second option exercise notice to Sanlam Life, at which stage Vukile would be entitled to acquire the Option Assets.



Lapsing of the Call Option

Linked Unitholders are advised that Vukile has, in terms of the provisions of the Agreement, received and assessed the Valuation and has, based on the value ascribed to the Option Assets, elected not to continue with the exercise of the Call Option. Consequently, the Call Option has lapsed and is no longer of any force or effect and Vukile will not acquire the Option Assets.
11-Apr-2011
(Official Notice)
Vukile linked unitholders are advised that the company has entered into an agreement with Sanlam Life Insurance Ltd ("Sanlam Life") dated 8 April 2011 (the "agreement"). In terms of the agreement, Vukile will acquire the rental enterprise relating to Erven 60 and 64 Giyani-Ba township (the "Enterprise"), situated in Danie Theron Street, Giyani, Limpopo (the "property") known as Giyani Plaza (the "acquisition"). The acquisition will become effective upon the fulfilment or waiver of the suspensive conditions set out below.



The purchase price for the Enterprise

The Enterprise will be acquired for a total purchase price of R68.25 million, to be settled in cash (the "purchase price"). The purchase price has been determined on the basis that the property will be transferred on or before 31 July 2011. Should the property be transferred after this date, the purchase price will increase by an amount equal to 0.67% compounded for every month by which transfer takes place after 31 July 2011.



Small related party transaction

As Sanlam Life currently has direct control over the exercise of votes attaching to Vukile linked units representing approximately 42% of Vukile's issued capital, the Acquisition is a "small related party" transaction in terms of the JSE Ltd Listings Requirements. The company has therefore appointed an independent registered valuer, Quadrant Properties (Pty) Ltd ("the Valuer"), to value the property. Linked unitholders will be advised in due course of the value ascribed to the property by the valuer. Based on this value, the Vukile directors will state whether they believe that the terms and conditions of the acquistion are fair to Vukile linked unitholders.



Suspensive conditions

The acquisition is subject to the following suspensive conditions:

*Vukile is satisfied in its sole and absolute discretion with the results of a due diligence investigation to be conducted with regard to the Enterprise;

*the obtaining of any regulatory approvals, to the extent required; and

*the raising of financing facilities within 90 days of the date of the agreement.
01-Apr-2011
(Official Notice)
Linked unitholders are referred to the further cautionary announcement published on SENS on 31 March 2011 and are hereby advised that the discussions referred to therein have been terminated. Accordingly, linked unitholders are no longer required to exercise caution when dealing in the company's securities.
31-Mar-2011
(Official Notice)
Further to the cautionary announcement issued on 17 February 2011, linked unitholders are advised that discussions are still in progress which may have an effect on the price of the company's securities. Accordingly, linked unitholders were advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
17-Feb-2011
(Official Notice)
Vukile linked unitholders are advised that Vukile is currently evaluating certain proposals that could have an effect on the price of the company's securities. Accordingly, linked unitholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
31 Dec 2010 09:12:26
(Official Notice)
Vukile linked unitholders are referred to the circular dated 26 November 2009 in which details of the call option ("the Call Option") agreement entered into between Sanlam Life and Vukile ("the Agreement") to acquire certain properties valued at approximately R500 million were provided. As referred to in the commentary to the interim results published on 22 November 2010, the call option expires on 31 December 2010. Accordingly, in terms of the provisions of the Agreement, Vukile has exercised the option by delivering a written notice ("the First Option Exercise Notice") to Sanlam Life today, specifying that Vukile is interested in acquiring the properties which are the subject of the Agreement ("the Option Assets"). Further to the First Option Exercise Notice, Sanlam Life is to provide Vukile with a value for the Option Assets based on their internal valuation methodologies and the value provided by an independent valuer ("the Valuation"), which Valuation will be the proposed purchase consideration for the Option Assets. Upon receipt and assessment of the Valuation, Vukile may, at its sole discretion, elect to continue with the exercise of the call option by delivering a second option exercise notice to Sanlam Life, at which stage Vukile will be entitled to acquire the Option Assets. Linked unitholders will be informed of further developments pertaining to the call option in due course.
22 Nov 2010 13:06:58
(Official Notice)
Property loan stock company Vukile grew its distribution to its linked unitholders for the six months ended 30 September by 7.5% in a tough trading environment. The group`s net rental income, excluding straight line rental accruals, increased by 9.25% over the corresponding period while net profit available for distribution increased by 13.2% from 49.27 cents per linked unit to 55.77 cents per linked unit.



This higher than normal increase was due to a timing difference, as sales commission from the asset management business is not earned equally over the 12 month period. If this and other timing differences are taken into account, the increase in net profit over the comparable period reduced to 8.1%, which the company said was in line with expectations, given the tough trading conditions and increasing vacancies. A highlight of the year was the acquisition of nine properties for R537.8 million, taking Vukile's combined property portfolio to 82 properties with a gross lettable area of 1 010 152m2. Vukile also has the option to acquire certain properties valued at approximately R500 million from Sanlam Life which has to be exercised before 31 December 2010. Another highlight was the refinancing of R462 million securitization debt which generated a reduction of 0.5% on the cost of the debt.



During the six month period under review, new leases and renewals to the contract value of R756 million were concluded. The vacancy profile (% of gross rentals) increased from 4.1% at 31 March 2010 to 5.3% at 30 September 2010. Bad debt write offs were in line with expectations for the six month period and the provision for doubtful debt at 30 September 2010 was R7.4 million (R10.2 million) at 31 March 2010. Looking ahead, the company said that a recovery in the property market would take longer than originally expected and that trading conditions would remain tough with little growth in rentals. "However, given the inherent quality of the Vukile portfolio and its astute management by our management team and service providers, we are of the opinion that the company will again be able to deliver reasonable growth in distribution for the year ending 31 March 2011," said Gerhard van Zyl, chief executive. This information has not been reviewed and reported on by Vukile's auditors.

22 Nov 2010 12:58:47
(C)
Revenue increased from R358.9 million to R410.1 million in 2010. Operating profit increased to R257.9 million (September 2009: R215.5 million). Profit attributable to ordinary shareholders increased to R271.3 million (September 2009: R4.6 million). Headline earnings per linked unit increased to 59.05cps (September 2009: 49.60cps).



Distribution per unit

A interim distribution of 50.53cps was declared for the period under review.



Prospects

It has become clear that a recovery in the property sector will take longer to materialise than originally anticipated. Trading conditions remain tough and there is little growth in rentals. In accordance with its strategy to grow the portfolio, Vukile intends to exercise the option it has to acquire certain properties valued at approximately R500 million from Sanlam Life which has to be exercised prior to 31 December 2010. At this stage, the relevant properties have been identified and Vukile is in the process of evaluating the future income streams in order to formulate an offer to Sanlam Life if the option is exercised. Therefore, taking the above into account and, given the inherent quality of the Vukile portfolio and the astute management of the portfolio by our management team and service providers, the board is of the opinion that the company will be able to deliver reasonable growth in distributions for the year ending 31 March 2011. This information has not been reviewed and reported on by Vukile's auditors.
09 Nov 2010 09:26:05
(Official Notice)
Listed Property Loan Stock company Vukile has successfully raised R462 million through Vukile Investment Securitisation (Pty) Ltd (VIPS) arranged by Absa Capital, the first commercial mortgage backed securitisation to be placed in 2010. R1.2 billion worth of bids was received during the auction, which was 2.7 times oversubscribed. The placement of R462 million of notes will be used to refinance the first tranche of the R770 million notes that were issued in 2005 which matured on 7 November 2010.



Vukile chief executive Gerhard van Zyl said that the company was delighted with the refinancing of the R462 million tranche. Three different classes of three-year floating notes were issued, maturing on 7 November 2013, and paying interest at three month JIBAR plus 145 basis points for the class A note (Aaa.za rated); JIBAR plus 195 basis points for the class B note (Aa1.za rated); and JIBAR plus 205 basis points for the class C note (A1.za rated).



For further information contact Gerhard van Zyl, CEO Vukile Property Fund Limited, on 011-288-1002

31 Aug 2010 12:29:51
(Official Notice)
The board of directors advise that, at the AGM of unitholders held at the registered offices of the company on Tuesday, 31 August 2010, all the ordinary resolutions proposed thereat were duly passed by the requisite majority of votes.
24 Aug 2010 13:08:55
(Official Notice)
02 Aug 2010 09:02:01
(Official Notice)
Vukile unitholders were referred to the announcements dated 29 October 2009, 29 April 2010 and 25 May 2010, containing details of the agreement and addenda entered into by Vukile with Sanlam Life Insurance Ltd ("Sanlam Life"), to acquire a portfolio of nine properties for R527 million ("the property acquisition"). Unitholders are advised that following the publication of the announcement on 25 May 2010, the following developments with respect to the property acquisition have taken place:

*a further addendum to the agreement, dated 6 July 2010, was entered into between Vukile and Sanlam Life amending the date for fulfilment of the last of the conditions precedent to 15 September 2010;

*the company was requested by the JSE Ltd ("the JSE") to replace Gensec Property Services Ltd, trading as JHI, as the independent property valuer. Accordingly, the company appointed Colliers Property and Facilities Management (Pty) Ltd ("Colliers") as the independent property valuer; and

*due to the passage of time, the forecast financial information relating to the property acquisition has been updated.

Accordingly, this announcement contains updated information on the properties and forecast financial information relating to the property acquisition.



Salient dates and times

Set out below are the salient dates and times relating to the property acquisition:

*Circular and notice of general meeting posted to Vukile unitholders on Monday, 2 August 2010

*Last day to lodge forms of proxy for the general meeting (by 10:00) on Monday, 23 August 2010

*General meeting to be held at 1st Floor, Meersig Building 1, Constantia Boulevard, Constantia Kloof, Gauteng (10:00) on Tuesday, 24 August 2010

*Results of the general meeting released on SENS on Tuesday, 24 August 2010
27 Jul 2010 15:23:39
(Official Notice)
Unitholders in Vukile are advised that Mr J Neethling has been appointed as company secretary of Vukile, effective 27 July 2010.
01 Jul 2010 09:35:49
(Official Notice)
Unitholders in Vukile are advised that Ms. E Yates, company cecretary of Vukile, has resigned, effective 30 June 2010. An announcement regarding her successor will be made in due course.
29 Jun 2010 11:35:04
(Official Notice)
Vukile Property Fund Limited expects to see only a slight improvement in its trading environment for the remainder of the 2010 year, despite signs of a recovery in the South African economy. In its annual report published today, chairman Anton Botha noted that the property sector lags the broader economy by between 12 and 18 months and that the recently announced electricity price increases and higher municipal rates would take its toll on the market by affecting rental affordability and consequently exerting pressure on rental margins. Longer-term, however, property fundamentals look positive with the supply of new rentable space remaining restricted given high construction costs, electricity supply constraints and limited available funding.

Vukile produced a strong set of results for the year ended 31 March 2010, increasing its distribution to linked unitholders by 10.2% and growing its net asset value by 8.7%. These results were achieved on the back of limited increases in vacancies, strong rental growth in some sectors and good control of bad debts. Cost control continued as a priority throughout the financial year and the company's recurring cost to revenue ratio would have decreased again had it not been for the effect of electricity tariffs and municipal rates increases. During the year, in addition to in-sourcing the property asset management of its own property portfolio, Vukile acquired Sanlam Properties' property asset management business relating to the property asset management of Sanlam's property portfolio, including an option to acquire a R500 million property portfolio as well as a right of refusal to the remainder of Sanlam's properties. It is also in the process of finalising the acquisition of nine properties from Sanlam Life for a consideration of R531 million, which is still subject to regulatory and other approvals.
29 Jun 2010 11:33:27
(Official Notice)
Unitholders are advised that the annual financial statements for the year ended 31 March 2010, will be posted on 30 June 2010. The annual financial statements are identical to the audited results of the company which were released on Sens on Monday, 24 May 2010. Notice is hereby given that the annual general meeting of Vukile will be held at First Floor, Meersig Building, Constantia Boulevard, Constantia Kloof, 1709, Gauteng, on Tuesday, 31 August 2010 at 11:00. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Vukile for the year ended 31 March 2010.

28 May 2010 14:31:32
(Official Notice)
Unitholders in Vukile are advised that Mr. G Van Zyl, CEO and Executive Director of Vukile, has resigned. His last day in office will be 31 March 2011 or earlier by mutual agreement when a replacement CEO is appointed.
25 May 2010 14:19:04
(Official Notice)
Vukile unitholders are referred to the announcements dated 29 October 2009 and 29 April 2010, containing details of the agreements and addenda entered into by Vukile with Sanlam Life Insurance Ltd ("Sanlam Life" or "the vendor"), to acquire a portfolio of nine properties ("the properties") for R527 million ("the purchase price") ("the property acquisition").



Vendor placing

As mentioned in the announcement dated 29 April 2010, if the purchase price is settled partly in cash and partly by way of an allotment and issue of new Vukile linked units ("the consideration units") to the vendor, Vukile shall place the consideration units with third parties ("the vendor placing"), in compliance with the JSE Ltd ("the JSE") Listings Requirements, such that the vendor receives the full purchase price in cash. It is anticipated that the purchase price will be funded 37% by debt, 19% surplus cash and 44% by the vendor placing in terms of which Vukile will place the consideration units on the vendor's behalf.



Circular and withdrawal of cautionary announcement

Unitholders are advised that the circular relating to the property acquisition will be posted in due course. As the property specific information and the financial information relating to the property acquisition and the properties, as required by the JSE Listings Requirements, have now been published, unitholders are no longer required to exercise caution when dealing in their Vukile linked units.
24 May 2010 13:02:15
(Official Notice)
Property loan stock company Vukile today posted an 11.5% increase to R323.3 million in net profit available for distribution for the full year to 31 March and posted a 13.2% rise to 60.9 cents per linked unit in the distribution for the second six month period of the financial year, making the total for the year 107.90 cents per linked unit, an increase of 10.2% over the previous year. The distribution for the second six month period of the financial year was enhanced by a once-off saving of R10 million in distributions payable to Sanlam Properties, which were negotiated and agreed to be waived as part of the agreement regarding the acquisition of the property asset management business concluded in December 2009.



New leases and renewals of 194 813mSquared with a contract value of R364 million were also concluded during the year, while 67% of leases that expired, were renewed. A highlight of the year was the successful acquisition from Sanlam Properties of the asset management business relating to the Sanlam property portfolio. Vukile is now responsible for rendering property asset management services to Sanlam Life's entire property portfolio. This is in addition to the property asset management services of its own properties, which was internalised in October 2009. In addition, Vukile is in the process of acquiring a portfolio of nine properties from Sanlam Life for R527 million, subject to certain conditions precedent, and has a call option to acquire additional properties from Sanlam Life for R500 million as well as a right of first refusal in respect of the remainder of Sanlam Life's property portfolio.



Van Zyl said the successful acquisition of the property asset management business as well as the proposed acquisition of the high quality property portfolio from Sanlam Life provided the company with a solid platform for the next stage of the company's growth, as did the prospect of future acquisitions stemming from the option to acquire a R500 million property portfolio from Sanlam and the right of first refusal over the remainder of Sanlam`s properties. Looking ahead, van Zyl said that market conditions would remain tough in the near future.
24 May 2010 12:54:45
(C)
Revenue increased from R679 494 million to R749 113 million in 2010. Operating profit increased to R461 338 million (2009:R423 751 million). Profit attributable to ordinary shareholders increased to R235 597 million (2009:R122 564 million). Headline earnings share increased to 107.89cps (2009:99.56cps).



Distribution per linked unit

Notice is hereby given of a distribution amounting to 60.90 cents per linked unit for the six months ended 31 March 2010. The distribution comprises interest on debentures of 60.78 cents per linked unit and a dividend of 0.12 cents per linked unit..



Prospects

The past year has been a trying one in a number of respects. The sector experienced rising vacancies, increased bad debts, increased arrears and lower rental growth. The effects of the recession were evident across the broader economy and trading conditions were tough. There are signs that the economy has turned the corner and the expectation is that we will now see growth in GDP of between 2% and 3% for the 2010 calendar year. Unfortunately, due to the fact that the property cycle generally follows the broader economic cycle by between 12 to 18 months, Vukile are of the opinion that there will still be some more bad news before the group will see a recovery. The group therefore expect vacancies to increase slightly from current levels and we also do not see any substantial growth in rentals before the end of the calendar year.



In the following financial year, the company will experience the full effect of the acquisition of the Sanlam Properties asset management business. There will, however, not be a repeat of the saving of R10 million in the June 2010 distributions as this was a once off agreement forming part of the transaction, but the company will experience the benefit of the recently announced R527 million property acquisition from Sanlam. The company also expects to exercise the option to acquire the R500 million property portfolio from Sanlam in due course. Based on the above, the board is of the opinion that, although not of the same magnitude as the 2010 year, the increase in distributions for the 2011 financial year will be reasonable.
29 Apr 2010 17:21:45
(Official Notice)
20 Apr 2010 14:25:09
(Official Notice)
Vukile unitholders are referred to the announcements dated 29 October 2009, 10 December 2009, 21 January 2010 and 4 March 2010 containing details of the property acquisition. As the pro forma financial effects and profit forecast relating to the property acquisition, as well as other property specific information required by the JSE Listings Requirements, have not yet been published, unitholders are advised to continue exercising caution until such time as these have been published.
18 Mar 2010 13:26:42
(Official Notice)
04 Mar 2010 07:35:01
(Official Notice)
Vukile unitholders are referred to the announcements dated 29 October 2009, 10 December 2009 and 21 January 2010 containing details of the Property Acquisition. As the pro forma financial effects and profit forecast relating to the Property Acquisition, as well as other property specific information required by the JSE Listings Requirements, have not yet been published, unitholders are advised to continue exercising caution until such time as these have been published.
21 Jan 2010 07:28:11
(Official Notice)
Vukile unitholders are referred to the announcements dated 29 October 2009 and 10 December 2009 containing details of the Property Acquisition. As the pro forma financial effects and profit forecast relating to the property acquisition, as well as other property specific information required by the JSE Listings Requirements, have not yet been published, unitholders are advised to continue exercising caution until such time as these have been published.
13 Jan 2010 13:24:25
(Official Notice)
Shareholders of Vukile are advised that Hermina Christina Lopion has been appointed as an executive director of Vukile, effective 1 January 2010.
18 Dec 2009 13:33:28
(Official Notice)
Vukile unitholders are hereby advised that the following resolutions were passed by the requisite majority of Vukile unitholders at the general meeting:

* the acquisition by Vukile of the property asset management business of Sanlam Properties (Pty) Ltd ("Sanlam Properties") directly related to the asset management of Sanlam Life Insurance Ltd's ("Sanlam Life") property portfolio, as a going concern ("the business acquisition").

* A call option granted by Sanlam Life to Vukile to acquire certain properties valued at approximately ZAR500 million from Sanlam Life.

*A right of first refusal granted by Sanlam Life to Vukile in respect of the acquisition of the majority of the remainder of Sanlam Life's property portfolio.

*The issue and allotment of linked units in Vukile as consideration for the business acquisition.

*An increase in the authorised ordinary share capital of Vukile.

*The waiver by the holders of linked units in Vukile, other than Sanlam Ltd and its concert parties, of their rights to require Sanlam Ltd and its concert parties to make a mandatory offer, as defined in terms of the Securities Regulation Code on Take-overs and Mergers.



The special resolution relating to the increase in authorised share capital will be registered with the Registrar of Companies in due course. As all the conditions precedent to the business acquisition have now been fulfilled, the business acquisition will be implemented with effect from 1 January 2010 and the linked units in Vukile to satisfy the purchase consideration will be allotted and issued to Sanlam Properties and listed on the JSE Ltd with effect from the commencement of business on Monday, 4 January 2010.
10 Dec 2009 07:27:45
(Official Notice)
Vukile unitholders are referred to the announcement dated 29 October 2009 containing details of the property acquisition. As the pro forma financial effects and profit forecast relating to the property acquisition, as well as other property specific information required by the JSE listings requirements, have not yet been published, unitholders are advised to continue exercising caution until such time as these have been published.
26 Nov 2009 08:14:55
(Official Notice)
Vukile unitholders are referred to the announcements, dated 11 June 2009 and 29 October 2009, in which they were advised that Vukile, Sanlam Properties (Pty) Ltd ("Sanlam Properties"), Sanlam Ltd and Sanlam Life Insurance Ltd ("Sanlam Life") had signed agreements relating to, inter alia:

*the proposed acquisition by Vukile of the property asset management business of Sanlam Properties directly related to the property asset management of the Sanlam Life property portfolio, constituted by the IT infrastructure and software, furniture and equipment and the take-on of those employees directly related to said asset management function of the Sanlam Life property portfolio, from Sanlam Properties as a going concern ("the business acquisition");

*a call option to be granted by Sanlam Life to Vukile to acquire certain properties valued at approximately R500 million from Sanlam Life; and

*a right of first refusal to be granted by Sanlam Life to Vukile in respect of the majority of the remainder of Sanlam Life's property portfolio, collectively, "the transaction".

The circular setting out the details of the transaction, and incorporating a notice of general meeting whereby approval from the requisite majority of Vukile unitholders to the resolutions required to implement the transaction will be sought, has been posted to Vukile unitholders and is available on Vukile's website (www.vukileprops.co.za). The general meeting to approve the transaction will be held at Vukile's registered office (2nd Floor, Meersig Building 1, Constantia Boulevard, Constantia Kloof, Gauteng, 1709) on Friday, 18 December 2009, at 10:00.
23 Nov 2009 13:05:43
(Official Notice)
Property loan stock company Vukile grew its distribution to its linked unit holders for the six months ended 30 September 2009 by 6.6% despite higher vacancies, increasing bad debt and pressure on rentals. Net rental income, exclusive of straight-line rental accruals, increased by 9.8% to R357.4 million compared to the same period in 2008.



The distribution for the six months was increased by 6.6% to R138.9 million, or 47.0 cents per linked unit.



Another highlight for the company is the finalisation of the transaction in terms of which it will acquire the property asset management business of Sanlam Properties relating to the property asset management of Sanlam's property portfolio. This transaction will be put to shareholders to vote upon early in December 2009. The company has already, from 1 October 2009, assumed control of the property asset management of its own property portfolio which was previously handled by Sanlam Properties.
23 Nov 2009 12:58:26
(C)
Revenue increased from R325.0 million to R358.8 million in 2009. Operating profit increased to R215.4 million (2008:R198.9 million). Profit attributable to ordinary shareholders decreased to R4 611 million (-R154.2 million). Headline earnings on a per share basis increased to 49.60cps (46.22cps).



Distribution per unit

A interim distribution of 47.0cps was declared for the period under review.



Prospects

Trading conditions during the reporting period were difficult and characterised by increasing vacancies, higher bad debts and very little scope for higher rentals. More and more companies had to close their doors and a record number of jobs were lost in the economy. There are, however, some indications that the economy has turned the corner and that economic growth is starting to increase, albeit at a slow rate. Due to the fact that the property cycle lags the general economy, it will take some time before any economic growth filters through to the property sector.



The board therefore expects trading conditions to remain difficult for the remainder of the financial year, but is still of the opinion that reasonable growth in distributions can be achieved.
29 Oct 2009 14:35:46
(Official Notice)
29 Oct 2009 14:30:52
(Official Notice)
28 Sep 2009 12:03:51
(Official Notice)
Vukile unitholders are referred to the announcement dated 11 June 2009 advising them of the board of directors' decision to internalise the asset management function currently performed by Sanlam Properties in respect of Vukile's property portfolio. Unitholders are reminded that, at the general meeting held on 27 March 2009, the extension of the asset management contract with Sanlam Properties to 30 September 2009 was approved. As a result of the board's aforementioned decision and the imminent expiry of the asset management contract, unitholders are advised that Vukile will, from 1 October 2009, perform its asset management function in-house.



Pursuant to the announcement dated 11 June 2009, containing details of the transaction, unitholders are advised that the formal agreements to give effect to the transaction are in the process of being concluded, following which a circular to unitholders will be posted and a general meeting of unitholders will be convened to consider and approve the resolutions required to give effect to the transaction.
22 Sep 2009 10:49:35
(Official Notice)
Vukile has raised R250 million through Vukile Investment Property Securitisation, the commercial mortgage backed securitisation programme established by the company in October 2005 to reduce the cost of funding its commercial property investment.
09 Sep 2009 16:09:34
(Official Notice)
At the AGM of unitholders held at the registered offices of the company on Wednesday, 9 September 2009, all the ordinary resolutions proposed thereat were duly passed by the requisite majority of votes.
12 Aug 2009 10:25:01
(Official Notice)
One of Vukile's non-executive directors, Mr Sidney Bernic, has passed away after a long illness.
25 Jun 2009 11:48:57
(Official Notice)
Unitholders are advised that the annual financial statements for the year ended 31 March 2009, posted on 25 June 2009, are identical to the audited results of the company which were released on SENS on Monday, 25 May 2009. Notice was also given that the annual general meeting of Vukile will be held at Second Floor, Meersig Building, Constantia Boulevard, Constantia Kloof, 1709, Gauteng, on Wednesday, 9 September 2009 at 11:00.
11 Jun 2009 11:13:11
(Official Notice)
25 May 2009 14:05:51
(C)
Revenue increased from R619 953 million to R679 494 million in 2009. Operating profit increased to R432 463 million (2008:R399 450 million). Profit attributable to ordinary shareholders decreased to R122 564 million (R197 250 million). Headline earnings on a per share basis increased to 99.56cps (91.36cps).



Distribution per linked unit

A final distribution of 53.80cplu was declared for the period under review. The distribution for the full year ended 31 March 2009 was 97.90cplu.



Prospects

Compared to the previous period, trading conditions have deteriorated during the reporting period, especially during the last quarter. This is in spite of the fact that the short-term interest rates have started to come down. Although the lower interest rates should start to have a stimulating effect on the broad economy, the property sector tends to lag the broad economic cycle by 12 to 18 months. This means that, although there are some indications that the company has seen the worst of the economic downturn, the company can expect to see further increases in vacancies, resistance to higher rentals and increased bad debts. The company is, however, confident that the good fundamentals of the property sector (generally low vacancies, little new stock and huge infrastructure spending by government), in addition to the strong focus on tenant retention, tight control of expenses and general financial discipline, will enable the company to show reasonable growth in distribution for the year ahead.
14 Apr 2009 10:02:40
(Official Notice)
Unitholders are referred to the announcements dated 4 December 2008, 15 January 2009 and 3 March 2009 and are advised that the company is still in negotiations which, if successfully concluded, may have an effect on the price of the company's linked units. Unitholders are advised to continue to exercise caution when dealing in the company's linked units until a further announcement is made.
27 Mar 2009 11:54:03
(Official Notice)
Unitholders are advised that, at the general meeting held today, 27 March 2009, the ordinary resolutions proposed thereat, relating to the six-month extension of the existing asset management agreement with Sanlam Properties (Pty) Ltd, were duly passed by the requisite majority of unitholders
19 Mar 2009 12:06:22
(Official Notice)
Shareholders of Vukile are advised that the non-executive directors, Mr H S C Bester and Mr P J Cook have been appointed as lead independent director and chairman of the human resources and nominations committee, respectively, with effect from 18 March 2009.
12 Mar 2009 07:54:12
(Official Notice)
Posting of circular to Vukile unitholders regarding the proposed extension of the existing asset management agreement with Sanlam Properties (Pty) Ltd. The circular is available in English only and copies may be obtained from the registered offices of Vukile and Nedbank Capital, a division of Nedbank Ltd.



Salient dates and times

Circular and notice of general meeting posted to Vukile unitholders - Thursday, 12 March 2009

Last day to lodge forms of proxy for the general meeting (by 10:00) - Thursday, 26 March 2009

General meeting to be held at 2nd Floor, Meersig Building 1, Constantia Boulevard, Constantia Kloof, Gauteng, 1709 (10:00) - Friday, 27 March 2009



03 Mar 2009 14:11:06
(Official Notice)
The proposed extension of the existing asset management agreement with Sanlam Properties (Pty) Ltd and the discussions concerning the proposed acquisition by Vukile of the asset management business of Sanlam Properties specific to the Vukile property portfolio, as a going concern.



Further cautionary announcement

Vukile unitholders are referred to the cautionary announcements dated 4 December 2008 and 15 January 2009. Nedbank capital, a division of Nedbank Ltd, is authorised to announce that Vukile's board of directors has, in-principle, approved the decision to internalise Vukile's asset management services, currently performed in terms of a contract with Sanlam Properties. In this regard, Vukile and Sanlam Properties have entered into discussions with regard to the proposed acquisition by Vukile from Sanlam Properties of the IT infrastructure and software, furniture and equipment and the take-on of certain employees directly related to the asset management function of the Vukile property portfolio as a going concern.

Until such time as the discussions have been finalised, and detailed terms and conditions of the Vukile ManCo acquisition have been announced, unitholders are advised to continue to exercise caution when dealing in their Vukile linked units.
15 Jan 2009 09:21:04
(Official Notice)
Vukile unitholders are advised that the company is still in negotiations which if successfully concluded, could have an effect on the price of the company's linked units.Unitholders are advised to continue to exercise caution when dealing in the company's linked units until a further announcement is made.
04 Dec 2008 11:38:21
(Official Notice)
Unitholders of Vukile are advised that the company has entered into negotiations which, if successfully concluded, may have an effect on the price of the company's linked units. Accordingly, shareholders are advised to exercise caution when dealing in the company's linked units until a further announcement is made.
03 Dec 2008 13:12:26
(Official Notice)
Vukile, The Game Shopping Centre in Oshakati, a key asset in JSE and NSX listed Vukile's Namibian property portfolio, has been extended by the addition of a brand new modern fashion mall, increasing the lease area of the centre to more than 23 000m2. The new mall opened its doors to the public on 27 November 2008. At the same time the existing building underwent substantial renovations and a new road was built to create a second access point to one of the busiest shopping centres in northern Namibia.



The tenants in the new fashion mall include Foschini, Jet Mart, Exact, Sportscene, Total Sport, Markham and Miladys. Existing tenants include Pick n Pay, Game, Truworths, Mr Price, Pep Stores, Ackermans and OK Furniture. Woolworths textiles has also indicated interest in leasing premises in the centre and negotiations to accommodate them are at an advanced stage. In total about NAD30 million was spent on the project, confirming the confidence of Vukile in the economy of the region.
24 Nov 2008 12:27:05
(C)
Gross property revenue rose to R325 million (R302.1 million) for the six months to 30 September 2008. Operating profit increased to R203.6 million (R193.9 million). However, a net attributable loss of R154.3 million (profit of R237.2 million) was reported. In addition, headline earnings grew to 46.22cplu (43.77cplu).



Distribution

An ordinary interim distribution of 44.1cplu has been declared.



Prospects

The recent turmoil on world financial markets will inevitably have a negative effect on South Africa. Although there are signs that inflation has reached a turning point and that interest rates may start declining in the first half of 2009, there will be a slow-down in economic growth which will, in time, have a negative effect on rental growth. The news is not all bad, however. Vacancies are still at very low levels and limited new stock is coming onto the market. This will ensure that there will continue to be a demand for space, which will support rental levels. Taking the above into account, the board remains confident that the outlook given in the March 2008 annual report, namely that Vukile is expecting reasonable growth in distributions, is still applicable.
14 Oct 2008 15:02:17
(Official Notice)
11 Sep 2008 13:19:29
(Official Notice)
The board of directors advise that, at the AGM of unitholders and the General Meeting of debenture holders held at the registered offices of the company on Thursday, 11 September 2008, all the ordinary and special resolutions proposed thereat were duly passed by the requisite majority of votes. The special resolution authorising the directors to approve the repurchase by the company of its own shares, amending Vukile`s articles of association and amending the Debenture Trust Deed are in the process of being submitted to the Companies and Intellectual Property Registration Office for registration.
30 Jun 2008 11:33:35
(Official Notice)
30 Jun 2008 11:30:45
(Official Notice)
Unitholders are advised that the annual financial statements for the year ended 31 March 2007, posted on 30 June 2008, are identical to the audited results which were published in the press on Monday, 26 May 2008.



Notice is hereby given that the annual general meeting of Vukile will be held at Second Floor, Meersig Building, Constantia Boulevard, Constantia Kloof, 1709, Gauteng, on Thursday, 11 September 2008 at 11:00. The notice of annual general meeting is issued with the annual report, which contains the annual financial statements of Vukile for the year ended 31 March 2008.
23 Jun 2008 15:46:21
(Official Notice)
Unitholders of Vukile are referred to the announcement dated 27 March 2008 which set out details of a new retention scheme whereby a third party, Sanlam Capital Markets Ltd ("Sanlam Capital Markets") was required to invest 60% of the cash value of the previous incentive scheme to acquire linked units in Vukile. Unitholders are advised that a distribution of 48 cents per linked unit amounting to R632 799.36 has been received by Sanlam Capital Markets in respect of the linked units previously acquired. Sanlam Capital Markets are required to utilize the said amount to acquire Vukile linked units. Accordingly, unitholders are advised that on 23 June 2008, Sanlam Capital Markets acquired 74 000 Vukile linked units at R8.48 per linked unit.
23 May 2008 15:35:45
(C)
Property revenue increased to R612.7 million (R553.5 million) for the year to 31 March 2008. However, net profit attributable to linked unitholders declined by over 30% to R197.3 million (R320.6 million). Nevertheless, headline earnings on a per share basis grew to 91.36cplu (83.19cplu).



Distribution

A final ordinary distribution of 48cplu has been declared.



Prospects

In spite of the general slowdown in the economy, higher interest rates, the electricity crisis and the slowdown in retail sales, property fundamentals remain fairly strong. This is a result of the robust economic growth of the past years and a general shortage of space in the market, which is evidenced by low vacancies and record distribution growth. Vukile therefore anticipate that trading conditions will, although not as good as the year under review, remain positive. Vukile does expect the higher interest rate environment to have a negative effect on the growth of portfolio income over the short to medium term. Taking all this into account the group still remains optimistic that there could still be further upward pressure on rentals which has allowed Vukile to budget for reasonable growth in distributions in the forthcoming year.
01 Apr 2008 14:13:22
(K)
Unitholders of Vukile are referred to the announcement dated 27 March 2008 regarding the retention scheme in terms of which R 13.45 million has been paid to Sanlam Capital Markets (Pty) Ltd ("Sanlam Capital Markets") who will utilize said amount to acquire Vukile linked units.



Unitholders are advised that on 31 March 2008, Sanlam Capital Markets acquired a final tranche of 246 332 Vukile linked units at R 10.2159 per linked unit.
01 Apr 2008 10:50:25
(K)
Unitholders of Vukile are referred to the announcement dated 27 March 2008 regarding the retention scheme in terms of which R13.45 million has been paid to Sanlam Capital Markets (Pty) Ltd ("Sanlam Capital Markets") who will utilize said amount to acquire Vukile linked units.



Unitholders are advised that on 28 March 2008, Sanlam Capital Markets acquired a further 422 000 Vukile linked units at 10.3459 per linked unit.

31 Mar 2008 18:48:51
(Official Notice)
Unitholders of Vukile are referred to the announcement dated 27 March 2008 regarding the retention scheme in terms of which R13.45 million has been paid to Sanlam Capital Markets (Pty) Ltd ("Sanlam Capital Markets") who will utilize said amount to acquire Vukile linked units. Unitholders are advised that on 28 March 2008, Sanlam Capital Markets acquired a further 422 000 Vukile linked units at R10.3459 per linked unit.
28 Mar 2008 14:41:18
(Official Notice)
Unitholders of Vukile are referred to the announcement dated 27 March 2008 regarding the retention scheme in terms of which R13.45 million has been paid to Sanlam Capital Markets (Pty) Ltd ("Sanlam Capital Markets") who will utilize the said amount to acquire Vukile linked units. Unitholders are advised that on 27 March 2008, Sanlam Capital Markets acquired a further 310 000 Vukile linked units at 10.3710 per linked unit.
27 Mar 2008 16:35:40
(Official Notice)
Unitholders of Vukile are referred to note 20 to the annual financial statements of Vukile for the year ended 31 March 2007 and in particular to the details of the senior management cash settled long-term bonus scheme. Senior management of Vukile has, from 1 July 2004, participated in a long-term incentive bonus scheme which was based on the movement of the company's linked unit price. Due to the accounting treatment of this scheme changes in the company's linked unit price influenced the quantum of this liability and therefore the distribution to unitholders.



Accordingly, the board of directors of Vukile, in line with market trends, decided to replace 60% of the above scheme with a new retention scheme with effect from 1 July 2007. The retention scheme requires a third party to invest the cash value of the replaced portion to acquire linked units in Vukile. Only if a participant of the retention scheme is still an employee of Vukile by June 2010, will the third party release the linked units acquired to such participant, after deducting tax. For accounting purposes, the above amount will be amortised in the income statement equally over a thirty-six month period, commencing on 1 July 2007. Unitholders are advised that, in terms of the retention scheme, R 13.45 million has been paid to Sanlam Capital Markets (Pty) Ltd (the third party) who will utilize said amount to acquire Vukile linked units. On Wednesday, 26 March 2008, Sanlam Capital Markets acquired 340 000 Vukile units at R9.8694 per linked unit.
01 Feb 2008 13:18:10
(Official Notice)
Unitholders of Vukile are referred to the cautionary announcements dated 7 September 2007, 19 October 2007, 5 December 2007 and 16 January 2008 and are advised that the cautionary announcements are hereby withdrawn. Accordingly, unitholders no longer need to exercise caution when dealing in the company's linked units.
29 Jun 2006 14:02:54
(Official Notice)
Vukile announced in its annual report that it would focus on the further growth and enhancement of its R3.5 billion property portfolio in the coming year. The company will not only continue to expand and upgrade its existing properties but will also actively pursue new investment opportunities capable of meeting its yield criteria. In addition, Vukile will give priority to the full integration of 98.9% owned subsidiary MICC, with particular emphasis on reducing that company's long-term debt costs, seek to improve the liquidity of Vukile linked units, and leverage Vukile's recently acquired BEE credentials.
19 Jun 2006 11:12:09
(Official Notice)
Ms Emma Yates has been appointed as Vukile's company secretary in place of Michael Blakeway, who has resigned with immediate effect.
29 May 2006 15:51:15
(Official Notice)
Jonathan Mlungisi Hlongwane has been appointed as a non-executive director of Vukile as of 29 May 06
29 May 2006 12:58:25
(C)
Property revenue increased to R568 million (R401 million) with net profit from property operations rising to R386 million (R290 million). Vukile's net profit before tax, debenture interest and fair value adjustment amounted to R223 million for the year ended 31 March 2006 compared to the R172 million for the previous year, an increase of 30%. MICC contributed R71 million to net profit before tax, debenture interest and fair value adjustment for the year ended 31 March 2006. For the year ended 31 March 2005, only 3 months of MICC's post acquisition income was reflected in the group accounts and any comparison with the prior year is not meaningful. The group's overall vacancy as a percentage of Vukile's portfolio of gross rentals decreased from 4.1% at 31 March 2005 to 3.6% at 31 March 2006 with a similar decrease in the overall vacancy of the MICC portfolio as a percentage of gross rentals from 6.9% to 5.9%. Net profit to linked unitholders climbed to R318 million (R186 million) and headline earnings grew to 74.14c (72.91c).



Prospects

Vukile has delivered growth in distributions of 14.3% for the 6 month comparable period and 11.4% for the full year. It is unrealistic to expect this kind of performance on a sustainable basis going forward. However, the directors are of the opinion that the expected continued strong performance of the underlying properties and the savings in debt costs generated by the securitisation project for the full period will reflect positively in the distribution for the six month period ending 30 September 2006, barring any unforeseen occurrences.



Distribution

A distribution of 36c per unit has been declared comprising interest on debentures of 35.93c per unit and a dividend of 0.07c per unit.
04 May 2006 15:30:11
(Official Notice)
A linked unitholder owning 9 825 MICC linked units (representing 0.01% of MICC's total issued capital) filed an application with the High Court on Friday, 28 April 2006 opposing Vukile's invoking of section 440K. Vukile intends opposing the application. A date for hearing of the application has not yet been determined. Linked unitholders will be informed in due course about the outcome of the application. Accordingly, the listing of MICC's linked units on the JSE and the Namibian Stock Exchange will no longer be terminated on Friday, 5 May 2006 but will continue to be suspended until further notice. Linked unitholders of MICC are advised to exercise caution when dealing in the company's linked units until a further announcement is made.
04 Apr 2006 11:21:58
(Official Notice)
The board of Vukile has approved new investments totalling more than R315 million as part of a continuing drive to build its portfolio of properties. The new investments include the acquisition of No 50, Sixth Road, Hyde Park in Sandton for R57 million. Vukile will also be investing some R40 million in a 50% stake in the development of a new mini-warehouse complex at Allandale between Johannesburg and Pretoria. The Allandale site borders the proposed R11 billion Waterfall City development as well as the existing Allandale Park and Sanitary City, both of which are owned by Vukile.
31 Mar 2006 10:48:32
(Official Notice)
At the general meeting held on Friday, 31 March 2006, all the resolutions proposed thereat, relating to the offer by Vukile to acquire the entire remaining issued capital of MICC Property Income Fund Ltd (MICC) and the subsequent disposal of certain MICC properties to ApexHi Properties Ltd, were approved by the requisite majority votes. The offer closed on Friday, 24 March 2006, and as it was accepted by MICC unitholders holding in excess of 90% of MICC's issued capital.



Vukile invoked the provisions of section 440K of the Companies Act. The six-week expiry period for the implementation of the 440K provisions ends on Friday, 28 April 2006, following which Vukile will compulsorily acquire all the remaining issued linked units from the MICC unitholders. MICC's listing on the JSE and the Namibian Stock Exchange will then be terminated with effect from the commencement of business on Friday, 5 May 2006.
16 Mar 2006 08:18:51
(Official Notice)
To date, the offer by Vukile has been accepted by MICC unitholders holding 15 837 754 MICC linked units, representing 94.58% of the minority unitholding. As the offer has been accepted by unitholders holding in excess of 90% of the minority unitholding, Vukile would invoke the provisions of section 440K(1)(a) of the Act to compulsorily acquire all the MICC linked units from MICC unitholders who do not accept the offer.



Vukile unitholders are referred to the announcement dated 16 February 2006 notifying unitholders that the offer and subsequent disposal of certain MICC properties to ApexHi Properties are classified as related party transactions by the JSE, thus requiring Vukile unitholders' approval. A general meeting to be held at 10:00 on Friday, 31 March.
09 Mar 2006 09:15:05
(Official Notice)
Vukile and MICC unitholders are referred to the announcement dated 16 February 2006 giving details of Vukile's offer to acquire all of the linked units in MICC which it does not already hold for a cash consideration of 862c per MICC linked unit. Following the announcement, the companies published an announcement on 3 March 2006 in terms of which Vukile extended the offer period by two weeks. Due to the lengthy period of time taken to conclude the offer, from the date of Vukile's announcement on 9 December 2005 of its firm intention to make an offer, and to fairly compensate MICC unitholders for this extended process, Vukile has decided to offer an additional amount to MICC unitholders, in the form of interest on the offer consideration, in the amount of 22.1c per MICC linked unit, thereby increasing the amount receivable by MICC unitholders who accept the offer from 862c to 884.1c per MICC linked unit. All MICC unitholders who have already accepted the offer will be entitled to receive this revised consideration.
03 Mar 2006 14:25:25
(Official Notice)
Vukile has decided to extend the period within which MICC unitholders may accept the offer by two weeks. The salient dates are (2006):

*Last day to trade in order to be eligible to participate in the offer on Thursday, 16 March

*MICC linked units to trade ex the offer from Friday, 17 March

*Record date to be eligible to participate in the offer on Friday, 24 March

*Offer closes at 12:00 on Friday, 24 March

*Results of the offer announced on SENS on Monday, 27 March

*Results of the offer announced in the press on Tuesday, 28 March

02 Mar 2006 11:31:08
(Official Notice)
Vukile CEO, Gerhard van Zyl, released a newsletter commenting on the group's performance and activities for the financial year to March 06. Some highlight of the newsletter were :



"...our existing portfolio posted a strong letting performance last year. Renewals and new deals totalling close to R270 million, over a combined area of approximately 154 000m2, were concluded during the 2005 calendar year. Buildings on which deals with a contract value of more than R5 million were done include the Durban Embassy (R16.1 million), Midrand Sanitary City (R14.7 million), Bedforview GIS (R9.7 million), Bloemfontein Plaza (R9 million), Hellman International (R5.6 million) and Pinetown Shopping Centre (R5.2 million).



Expanding and upgrading

Work has started on the major expansion and upgrade projects at the Phoenix Plaza and Dobsonville shopping centres, both scheduled for completion in September this year. We are spending some R80 million on increasing the gross lettable area at Phoenix Plaza by some 3 500m2 and that at Dobsonville by almost 5 000m2, in line with our strategy of extracting organic growth from our existing portfolio through redevelopment. The two projects have been designed to enhance these properties by increasing their national tenant base, strengthening their status as destination shopping experiences, and improving the average lease term. Following the renovation of the recently renamed Randburg Square, Vukile has launched a marketing campaign to change perceptions of the Randburg CBD and to promote the Centre. The Johannesburg Development Association invested some R17 million last year in the upgrading of the physical infrastructure and social climate of this area, and local business has also made a major upliftment effort.



The 2006 results

Vukile's results for the year to March will be published on our about 29 May 2006."
22 Feb 2006 11:07:22
(Official Notice)
Relating to the agreement for the acquisition by Vukile of Erf 915, Parktown, Johannesburg, the JSE has approved the listing of 4 240 000 new Vukile linked units to fund the acquisition with effect from the commencement of business on Wednesday, 22 February 2006. The new linked units (representing 1.58% of the company's issued capital before the issue) would be issued at a weighted average price of 818c per linked unit, a premium of 1.6% to the 30 day volume weighted average price of Vukile linked units on the date that the price of the issue was determined by the directors.
20 Feb 2006 10:57:17
(Official Notice)
Vukile has entered into an agreement dated 8 December 2005 for the acquisition of Johannesburg Parktown Erf 915 from Sanlam Life Insurance Ltd. The property is an almost fully let modern face brick 5 storey office building with a total rentable area of 9 085m2, basement parking for 176 cars and another 103 parking bays on grade. Vukile has agreed to acquire the property from the seller for a purchase consideration of R34.4 million payable in cash.
16 Feb 2006 17:20:57
(Official Notice)
31 Jan 2006 12:02:52
(Official Notice)
Sanlam today announced the introduction of a 25% Black Economic Empowerment (BEE) shareholder, Vukile BEEShareCo (BEEShareCo) into Vukile. The investment by BEEShareCo, a black-owned and controlled entity, is valued at R439 million. The transaction also results in Vukile immediately achieving its five-year BEE equity target.



The proposed shareholders of Vukile BEEShareCo are: the Buhlobo consortium with an agreed 40%; an additional BEE partner with 12% (in discussions); a broad based Participation Trust with 24% and Sanlam will retain 24%.



In terms of the transaction, Sanlam Life agreed to sell 67.4 million of its Vukile linked units to BEEShareCo for 640c per unit in September 2005. The sale of the linked units reduces Sanlam Life's shareholding in Vukile to 33%. To facilitate the transaction Sanlam has provided financial support in the form of a guarantee for R140 million and Nedbank Corporate has funded the transaction via an R439 million loan.
31 Jan 2006 10:09:54
(2)
28 Dec 2005 10:37:37
(Official Notice)
Unitholders are advised that a transaction has been concluded between an existing unitholder and a third party, which has resulted in the introduction of a significant new unitholder into Vukile. Further details of this transaction will be announced in due course.
09 Dec 2005 14:41:43
(Official Notice)
30 Nov 2005 10:19:55
(Official Notice)
Mr Michael Blakeway has been appointed as Vukile's company secretary with effect from 1 December 2005. Ms Emma Yates has resigned as company secretary with immediate effect.
28 Nov 2005 14:46:56
(C)
Property revenue rose to R275.2 million (R169.5 million) and Vukile's net profit before tax, debenture interest and fair value adjustment amounted to R115 million (R75 million). MICC contributed R33.9 million to net profit before tax, debenture interest and fair value adjustment for the six month period ended 30 September 2005. Excluding MICC's contribution, the increase on a comparable basis amounted to 8.2%. These results have been achieved on the back of a strong performance of the underlying properties and a decrease in the overall vacancy of the portfolio as a percentage of gross rentals, from 4.1% on 30 September 2004 to 3.8% on 30 September 2005. This also compares well with the vacancy of 4.13% as at 31 March 2005. Net profit attributable to unitholders rose to R143.4 million (R18.4 million) and headline earnings grew to 36.89c (36.01c) per unit. A distribution of 32.50c (30.00c) per unit was proposed for the interim.



Prospect

Although the expected benefits from the securitisation of Vukile's bank debt will only contribute for 5 months of the current financial year, it will make a positive contribution to the second half and full year results. Vukile has delivered growth of 8.3% in distributions for the reporting period. Due to the continued strong performance of the underlying properties and the prospects of a further reduction in vacancies, the directors are of the opinion that, barring any unforeseen negative occurrences, the distribution for the six month period ending 31 March 2006 will show similar growth to that experienced for the six months ended 30 September 2005.
22 Nov 2005 11:34:43
(Official Notice)
Vukile and MICC unitholders are advised that the companies have entered into negotiations regarding the acquisition by Vukile of the linked units in MICC which it does not already hold, such that on conclusion of the proposed transaction Vukile will hold 100% of MICC's issued capital. If the negotiations are successfully concluded, they may have an effect on the price of the companies' linked units. Unitholders are advised to exercise caution when dealing in the companies' linked units until a further announcement is made.
01 Nov 2005 08:32:41
(Official Notice)
Vukile has launched a R2 billion commercial mortgage backed securitisation (CMBS) programme arranged by Absa to refinance its existing bank debt and cut the cost of funding its commercial property investment. It will reduce the overall cost of the company's debt, taking all upfront, ongoing and hedging costs to implement the programme into account, from 11.2% to approximately 10.0% thereby enhancing returns to unitholders and enabling the group to compete more effectively in the commercial property market. The programme has been set up so that it will be easy to tap into this market and achieve similar if not better funding rates for future debt.



The first issuance under the programme comprises five and seven year floating rate notes for a total amount of R770 million. The floating rate notes are converted into fixed rate exposure for Vukile by way of interest rate swaps. Settlement is scheduled for 7 November 2005. The securitisation notes have been rated by Moody's Investor Services. Absa Commercial Property Finance (ACPF) has provided a R450 million term loan to fund the 13 properties outside the securitisation structure and to facilitate the purchase of future properties.
06 Oct 2005 16:59:35
(Official Notice)
Unitholders are notified that Mr Keith Bothongo, a non-executive director of Vukile, has resigned from the board of directors with immediate effect.
06 Oct 2005 15:36:37
(Official Notice)
Vukile today announced that it is to spend close to R80 million on expanding and upgrading its Phoenix Plaza and Dobsonville shopping centres. The gross lettable area at Phoenix Plaza is to be increased by approximately 3 500m2 and that at Dobsonville by nearly 5 000m2. MCH Properties has been appointed as turnkey developer for the expansion project, which is expected to deliver an initial net yield of about 11%. Construction will start in January 2006 and should be completed by August 2006. The Vukile portfolio currently comprises 52 properties throughout the country with a gross lettable area of 676 961m2. The company also holds some 75% of MICC Property Income Fund, which owns 40 properties with a gross lettable area 395 812m2.
24 Aug 2005 18:01:30
(Official Notice)
Linked unitholders are notified that at the annual general meeting (`the AGM`) of linked unitholders held on 24 August 05, all the ordinary and special resolutions proposed thereat were duly passed by the requisite majority votes. Ordinary resolutions numbers 7 and 8, relating to the authorities granted to directors to issue shares were amended at the AGM, prior to being approved by linked unitholders, to limit the authorities to a maximum of 10% (previously, 15%) of the company`s authorised and issued shares, respectively. The special resolutions will be lodged for registration with the Registrar of Companies in due course.
30 Jun 2005 11:10:08
(Official Notice)
Unitholders are advised that the annual financial statements for the year ended 31 March 2005, posted on 30 June 05, are identical to the audited results which were published in the press on 14 June 2005. The annual general meeting of Vukile will be held at The Balalaika Hotel, Oxford North Room, 20 Maude Street, Sandown, Sandton at 11:00 on Wednesday, 24 August 2005.
30 Jun 2005 11:07:16
(Official Notice)
In the groups annual report published on 30 June 05 Vukile said it was currently giving priority to the redevelopment, expansion and upgrading of its existing properties rather than to the acquisition of new ones, as its existing portfolio had the potential for significant organic growth. Anton Botha, chairman of the group said, `The emphasis on existing properties does not, however, preclude the company from considering attractive acquisition opportunities should these arise.`
13 Jun 2005 12:52:01
(C)
Vukile reported gross property revenue of R401m and net profit after tax amounted to R247.5m for the year, of which R233m is attributable to linked unitholders. Earnings and headline earnings per linked unit were 171.23c and 64.10c. Vukile has resolved to distribute R146m of its distributable income and the board has approved a final distribution of 31.5c per linked unit for the period from 1 October 2004 to 31 March 2005, which brings the total distribution for the year ended 31 March 2005 to 61.5c per linked unit compared to 60.25c per linked unit anticipated in the prospectus.



Prospects

Vukile is well positioned to deliver real growth in distributions in the 2006 financial year, provided there is no material deterioration in the companys operating environment during this period. Planned conversions of existing properties and planned expansions will provide a solid foundation for growth in 2006.
24-Aug-2018
(X)
Vukile is a focused retail REIT,
which listed on the JSE Ltd. on 24 June 2004 and on the Namibian Stock
Exchange on 11 July 2007. Vukile?s market capitalisation was
R17.2 billion on 31 March 2018 and its direct property portfolio was valued at R19.1 billion at
year-end. On 1 April 2013, Vukile became
the first property company to be awarded REIT status by the JSE Ltd..


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